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Entrepreneur Development Minister Datuk Steven Sim Chee Keong announced TEKUN Nasional will approve financing below RM20,000 within 24 hours, with a pilot launching within two to three months.
The Malaysian government will reduce subsidised diesel to RM2.10 per litre from July 2026, verified through MyKad. The move aims to provide relief to transporters, traders and small businesses while ensuring subsidy reaches genuine users nationwide.
Malaysia's government has committed RM9.8 billion in microfinancing through six major institutions to help hawkers and small entrepreneurs access capital more easily, addressing concerns that grassroots traders are excluded from conventional lending.