KUALA LUMPUR, May 21 — The Ministry of Investment, Trade and Industry (Miti) and its agencies continue to prioritise the stability and competitiveness of Malaysian industries facing the current global supply crisis by mobilising a comprehensive suite of financing support.
Its Deputy Minister Sim Tze Tzin said the latest assistance includes a group-wide relief initiative by Bank Pembangunan Malaysia Bhd (BPMB), which offers up to six-month moratorium for small and medium enterprises (SMEs) segment customers on term financing, revolving and trade facilities, particularly in response to the US-Iran conflict.
Sim noted that Prime Minister Datuk Seri Anwar Ibrahim has announced a RM5 billion SME stabilisation relief facility (SME SRF) by Bank Negara Malaysia, which offered working capital at a maximum financing rate of 3.75 per cent per annum.
He said Malaysian Industrial Development Finance Bhd (MIDF) also stepped up to help existing clients with moratoriums or restructuring options for up to 12 months to improve long-term affordability.
“We don’t know when the (West Asia) war will end. We have received industry feedback that their logistics charges have gone up by around 50 per cent, and on average, the cost has gone up by more than five per cent. So they are having pressure.
“We pool together all our initiatives and do whatever we can to help them to go through this challenging time. The next few months will be even more difficult.” he told reporters on Miti programmes and incentives for the global energy crisis today.
Sim said Miti and agencies are intensifying engagements with industry players to formulate mitigation plans and cushion the impact of the current global supply crisis on Malaysian businesses.
He said discussions are being held continuously at both the Cabinet and ministry levels to ensure assistance measures remain aligned with industry needs.
“So rest assured that we understand the industries well. That is why we come up with proposals and plans to help them. It is an ongoing process because things are moving very fast,” he said.
Sim added that Miti has activated its risk assessment framework following the latest crisis and had conducted studies to identify sectors most vulnerable to the disruption.
“For us at Miti, we have our risk assessment framework. The moment we are hit by a crisis like the current one, we conduct studies on the vulnerable sectors. We then give priority to players in these sectors,” he said. — Bernama
Date: 21 May, 2026 4:05 pm
Source: Malay Mail
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