Hanoi, April 15 -- Kuala Lumpur (VNA) - Malaysia has launched a low-interest financing package worth 5 billion MYR (1.3 billion USD) to help small and medium-sized enterprises (SMEs) weather current challenges and move into higher value-added sectors such as technology, green projects, automation, and tourism.

The financing, priced at interest rates of between 3% and 5%, will be distributed through licensed banks, prescribed financial institutions and development finance institutions, including Bank Rakyat and SME Bank, Minister of Entrepreneur and Cooperatives Development Steven Sim Chee Keong said at the launch of the "Heritage Brands of Penang" publication in Penang.

The latest funding forms part of the government's broader PowerUp10...