BPMB provides RM1 billion in financing for MSMEs to explore export markets
New measures in Budget 2027 strengthen Malaysia's push to expand the presence of local businesses in international markets. The initiatives also include additional allocations for export capacity development, young entrepreneurs' digitalisation and expanding rural products' access to digital platforms.
Highlights
- Bank Pembangunan Malaysia Bhd will provide RM1 billion in financing to help local MSMEs explore export markets, as announced in Budget 2027.
- The government allocated RM60 million to Matrade and RM142 million to strengthen Nadi, supporting export capacity and the digitalisation of young entrepreneurs.
- Malaysia's trade value for the first eight months of 2026 reached RM2.5 trillion, with exports surging 31.2% to RM1.36 trillion.
This article was translated from the original. Read the original version by our correspondent here.
Export financing and capacity support
As reported by The Edge Malaysia, Bank Pembangunan Malaysia Bhd will provide RM1 billion in financing to help local micro, small and medium enterprises explore export markets, Prime Minister Datuk Seri Anwar Ibrahim said when tabling Budget 2027 in Parliament on Friday.The government has also allocated RM60 million to the Malaysia External Trade Development Corporation, or Matrade, to help build the capacity of local companies to enter and diversify overseas markets. The measure aims to strengthen Malaysian firms' ability to expand beyond the domestic market and reduce reliance on specific export destinations.
Anwar, who is also finance minister, said the government has also allocated RM142 million to strengthen the National Information Dissemination Centres, or Nadi, platform, helping young entrepreneurs use online platforms to grow their businesses.
Implications for trade and local enterprises
The Jom Malaysia initiative, meanwhile, will receive RM10 million to bring rural products and high-value services to digital platforms and overseas markets. Together, these measures reflect a policy focus on expanding market access, digitalisation and enhancing the competitiveness of small enterprises nationwide.The measures come as Malaysia's total trade reached RM2.5 trillion in the first eight months of 2026, with exports rising 31.2% to RM1.36 trillion, according to Anwar's Budget 2027 speech. This performance provides a supportive backdrop for the government's efforts to further expand MSME participation in foreign trade growth.
In our earlier report on the reduction in SME income tax rates in Budget 2027, the government announced a one-percentage-point cut for two taxable income brackets. The rate for the first RM150,000 was reduced to 14%, and that for RM150,000–RM600,000 to 16%, with an estimated benefit for around 300,000 enterprises and additional income of up to RM6,000 for eligible companies.
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