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ARTICLE · 08 MARCH 2021

More Financial Support For SMEs And Microenterprises

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On 5 February 2021, Bank Negara Malaysia (‘BNM') issued a press release announcing an additional allocation of RM2.0 billion for the Targeted Relief and Recovery Facility (‘TRRF')...

MalaysiaFinance and Banking
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SKRINE  
Catherine Looi Ying
Catherine Looi Ying
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On 5 February 2021, Bank Negara Malaysia ('BNM') issued a press release announcing an additional allocation of RM2.0 billion for the Targeted Relief and Recovery Facility ('TRRF') and the establishment of a RM200 million Disaster Relief Facility 2021 ('DRF').

TRRF

The TRRF, with an initial allocation of RM2.0 billion, was first announced as the Targeted Assistance and Rehabilitation facility by the Finance Minister during the 2021 Malaysian Budget Speech. The further allocation that was just announced increases the total allocation under the TRRF to RM4.0 billion. 

In addition, certain key features of the TRRF have also been relaxed.

The salient features of the revised TRRF are as set out below.

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