AGP Executive Report
Last update: 41 minutes agoMalaysia’s SME Boost: Budget 2027 lifts financing and guarantees for smaller firms to RM57 billion, cuts MSME tax rates by up to two percentage points and exempts firms with sales below RM50 million from next year’s minimum-wage increase. Contracting Opportunities: Malaysia’s Bumiputera G1–G4 contractors are set to share RM7.5 billion in government procurement, up from RM4 billion, with a revived price-adjustment clause intended to cushion higher diesel and bitumen costs. Grassroots Finance: Papua New Guinea’s Mama Bank opened a Mt Hagen branch and secured K1 million from Dei District, unlocking up to K3 million in SME credit. Rising Costs: Small businesses are warning that fuel bills are squeezing operations; an Irish firm with 10 vans reportedly faces an extra €1,500–€2,000 a month, while a Manchester bakery says its finances are near breaking point.
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