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Business Financing and Alternative Financing

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Business Financing and Alternative Financing

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-Funding worth RM2.1 billion will be allocated to support equity and quasi-equity investment schemes to assist companies facing gearing or leverage problems,
-RM14.2 billion worth of funds will be available in 2022 for SMEs.
Comment
In Budget2022, the government only introduced how to help and give the small and medium-sized enterprises to improve the problem of capital, but did not reach the help of small and medium-sized enterprises to transform to internationalization mentioned in Malaysia Target.
Moreover, in the Budget2022 the government also did not responded to disputes over helping small and medium-sized businesses settle payments.

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-Provided RM700 million to continue digital connectivity efforts in 47 industrial areas and 630 schools, especially those in rural areas.
-Allocated RM30 million to provide internet facilities in 40 existing PPRs.

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Enhancing Digital Connectivity for Inclusive Development

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Enhancing Digital Connectivity for Inclusive Development

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-Enhance digital connectivity and achieve full 4G coverage in populated areas, as well as enable 100% households' subscription to the internet.
-Accelerate the provision of 5G coverage for a better user experience.

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-Allocate RM423 million to intensify R&D activities in applying new innovations in line with the development of science and technology and for research and innovation as well as to encourage industry collaborations.
-Allocation of RM12 million via matching grants through Collaborative Research in Engineering, Science and Technology.
-RM30 million will be prepared to implement the Innovation Hub.
-Allocate RM45 million as a technological transformation incentive for SMEs as well as mid-stage companies in the manufacturing and services sectors.

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Imperatives for Reform and Transformation

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Imperatives for Reform and Transformation

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The reform and transformation are imperative in achieving a prosperous, high-tech, inclusive and sustainable nation, thus enabling Malaysia to be united, harmonious and dignified.

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Transforming Micro, Small and Medium Enterprises as the New Driver of Growth

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Transforming Micro, Small and Medium Enterprises as the New Driver of Growth

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-To enhance competitiveness, MSMEs will also be assisted to produce products and services on par with international standards.
-Assist small businesses in securing payments on time and resolving payment disputes.

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-Provide RM6.6 billion to implement various initiatives under the relevant ministries and agencies.
-Additional allocation of RM200 million will be provided for collaboration with industries including the National Dual Training System (SLDN) and industry certification programmes.

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Improving TVET Ecosystem to Produce Future-Ready Talent

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Improving TVET Ecosystem to Produce Future-Ready Talent

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-The attractiveness and the quality of delivery and training of TVET will be enhanced through improvement in accreditation, recognition and certification.

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-RM32.4 billion for operating and development expenditure.
-RM4 billion specifically on managing COVID-19, RM2 billion to fund the vaccination programme.
-RM2 billion to public health service facilities.
-Outsourced to private hospitals and hospitals under other Ministries.
-Work with the Red Crescent Society and St. John Ambulance.
-Extend the contracts of more than 10,000 medical, dental and pharmaceutical officers for a maximum of four years after their two-year compulsory service period.
-Approve the sponsorship of medical specialist programmes with an allocation of RM100 million for the benefit of 3,000 medical and dental contract officers.
-Allocate RM70 million to mental health support services, counselling and psychosocial support, increase mental health advocacy programmes and strengthen the role of NGOs as partners on mental health programmes.

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Revitalising the Healthcare System in Ensuring a Healthy and Productive Nation

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Revitalising the Healthcare System in Ensuring a Healthy and Productive Nation

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-Resources and responsibilities will be consolidated and healthcare services will be redesigned。
-Introduced a more sustainable health financing model and healthcare services will be digitalised to accelerate delivery.