The government will continue to help SMEs on the road to recovery in the 2021 budget



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KUALA LUMPUR: The government is committed to continuing to help small and medium-sized enterprises (SMEs) on their recovery path in the next 2021 budget, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz (pix).

He said that would be achieved through continued support for digitization and automation, building on the foundations established by the Prihatin Rakyat (Prihatin) economic stimulus package, Prihatin SME Plus, the National Economic Recovery Plan (Penjana) and the Economic Recovery Package (Penjana). Complementary Initiatives Prihatin (Kita Prihatin). ) to encourage this transition.

Apart from that, Tengku Zafrul said that the government would also make it easier for SMEs to accelerate the adoption of digitization under the 2021 Budget which will be presented in Parliament on November 6, 2020.

“The records have shown that crucial technology and digital migration has not yet reached critical mass among SMEs.

“We need to raise awareness that with digitization, SMEs can go further in the market and become regional, and how our financial institutions can support them in this process,” he said.

The Finance Minister said this when he delivered his opening remarks at the Credit Guarantee Corporation Malaysia Bhd (CGC) 25th Financial Institution (FI) and SME Awards here today.Called



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