In a special address, the Prime Minister unveiled a RM2.5 billion stimulus package designed to help small and medium enterprises (SMEs) transition into the digital economy. The "SME Digital Leap" initiative provides low-interest loans and direct grants for businesses to adopt AI-driven inventory systems. The goal is to make local businesses more competitive globally.
The government’s move comes in response to global economic headwinds that have pressured local supply chains. By bolstering the SME sector—which accounts for nearly 40% of Malaysia's GDP—the administration hopes to create a more resilient economy. It is expected to create 50,000 new high-skilled jobs in the tech and logistics sectors.
Critics have welcomed the move but emphasized the need for transparent disbursement. There is a call for "minimum bureaucracy" to ensure that the smallest of businesses can access these funds. The Ministry of Finance has promised a digital tracking portal to monitor the distribution of every ringgit spent to ensure accountability.