Aid for SMEs in two weeks

Abang Johari speaks during the press conference while his deputy chief ministers (from left) Datuk Amar Douglas Uggah Embas, Tan Sri Datuk Amar Dr James Jemut Masing, and Awang Tengah look on. Photo: CMO

KUCHING: The Sarawak government is conducting a study on the mechanism to provide financial assistance and loans to small and medium enterprises (SMEs) amidst the Covid-19 pandemic.

Chief Minister Datuk Patinggi Abang Johari Tun Openg said the decision to provide an extended assistance to the SMEs was made in view of the volatile business situation faced by the industry players.

“The Ministry of International Trade and Industry, Industrial Terminal and Entrepreneur Development under Deputy Chief Minister Datuk Amar Awang Tengah Ali Hassan will release details of the assistance in the near future.

“The study to determine the method of financial assistance and loans is expected to complete within a week or two,” he told a press conference on the Bantuan Khas Sarawakku Sayang (BKSS) 5.0 special assistance package today.

Elaborating on the matter, Abang Johari said that an extension of the loan moratorium is a good example to assist the SMEs.

“They may also receive loans or we may add loan funds … This will be reviewed by the committee [in charge of the study] and we will announce in the next two weeks,” he said.