{"id":8268,"date":"2024-11-21T10:54:06","date_gmt":"2024-11-21T02:54:06","guid":{"rendered":"https:\/\/blog.ninjavan.co\/en-my\/?p=8268"},"modified":"2024-11-21T11:19:37","modified_gmt":"2024-11-21T03:19:37","slug":"xb-nf-budget-2025-what-msmes-need-to-know-to-go-beyond-borders","status":"publish","type":"post","link":"https:\/\/blog.ninjavan.co\/en-my\/xb-nf-budget-2025-what-msmes-need-to-know-to-go-beyond-borders\/","title":{"rendered":"Budget 2025: What MSMEs Need to Know to Go Beyond Borders"},"content":{"rendered":"\n<p>The journey to expanding beyond Malaysia\u2019s borders can feel overwhelming, especially if you&#8217;re navigating it for the first time.&nbsp;<\/p>\n\n\n\n<p>But here&#8217;s some good news: Malaysia\u2019s <a href=\"https:\/\/belanjawan.mof.gov.my\/en\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Budget 2025<\/strong><\/a><strong> <\/strong>is packed with initiatives designed to empower MSMEs like yours to dream bigger and reach new markets. If you\u2019ve been considering taking that step, <strong>now might just be the right time<\/strong>.<\/p>\n\n\n\n<p>We\u2019re here to <strong>break down what Budget 2025 offers<\/strong> and how these initiatives can help you scale internationally. Let\u2019s explore how to tap into these resources and set yourself up to go beyond borders.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>1. RM40 Million for MATRADE\u2019s International Promotion Fund<\/strong><\/h2>\n\n\n\n<p>Did you know there\u2019s RM40 million set aside specifically to <strong>help MSMEs promote their locally-made products overseas<\/strong>? This allocation to <a href=\"https:\/\/www.matrade.gov.my\/en\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>MATRADE<\/strong><\/a> is designed to open doors for you to expand into new markets, particularly <strong>Africa<\/strong>, <strong>Latin America<\/strong>, and the <strong>Middle East.<\/strong><\/p>\n\n\n\n<p><strong>This initiative enables you to:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Attend International Trade Shows<\/strong>: Get support to showcase your products directly to international buyers, opening doors to new partnerships.<\/li>\n\n\n\n<li><strong>Navigate Market Entry: <\/strong>&nbsp;Access resources to simplify the foreign expansion process.<\/li>\n\n\n\n<li><strong>Build Global Partnerships<\/strong>: Leverage the fund to connect with overseas distributors for long-term growth.<\/li>\n<\/ul>\n\n\n\n<p><strong>Smart Move<\/strong>: Focus on <strong>markets that align with your product strengths<\/strong>. If Southeast Asia is on your radar, explore trade shows in countries like Singapore, where demand for Malaysian products is already strong.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>2.<\/strong> <strong>RM750 Million Skim Insentif Pemampanan Pengeksport (SIP2)<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXdjXftymbf9mIhYJObusHk5Kls3I9gUNQn-s367KFULpDRWz1-HyCrHHTR7fbahenjepfbenlPuPlD-WZS5Q537VcGEdN-yS_W0DO7NDPc9LqJQGzgY8nArdKKLFmQIF3V6W5y8jg?key=sY3ScErtnDfk5jyUOlo-6dvk\" alt=\"\" \/><\/figure>\n\n\n\n<p>Access to capital is often a major hurdle when expanding internationally. That\u2019s why the government\u2019s RM750 million allocation under <a href=\"https:\/\/www.exim.com.my\/products-services\/skim-insentif-pemampanan-pengeksport-sip2\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>SIP2<\/strong><\/a> is a game-changer. This initiative offers up to <strong>RM10 million per applicant at a 1.5% lower interest rate<\/strong>, making it easier to secure growth funds.<\/p>\n\n\n\n<p><strong>How you can leverage SIP2<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Boost Production Capacity<\/strong>: Ramp up output to meet new market demands without straining your cash flow.<\/li>\n\n\n\n<li><strong>Cover Export Costs<\/strong>: Manage logistics, warehousing, and compliance expenses more efficiently\u2014typical pain points for growing businesses.<\/li>\n\n\n\n<li><strong>Invest in Compliance<\/strong>: Secure certifications (ISO, Halal, etc.) that are often required to enter regulated markets.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Tip<\/strong>: Efficient logistics are crucial as you scale. Optimizing your supply chain can<strong> reduce costs<\/strong> <strong>and delivery times<\/strong>, making your international operations more sustainable.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>3. RM5 Million Business Exports Programme (BEP)<\/strong><\/h2>\n\n\n\n<p>If you\u2019re looking for more than just financial support, the <a href=\"https:\/\/www.smebank.com.my\/business-exports-programme#:~:text=Business%20Exports%20Programme%20(BEP)%20is,capacity%20and%20capability%20for%20exports.\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>BEP<\/strong><\/a><strong> <\/strong>by SME Bank<strong> <\/strong>offers a <strong>holistic approach<\/strong>. This RM5 million initiative combines funding with developmental support, helping you become truly export-ready.&nbsp;<\/p>\n\n\n\n<p><strong>What\u2019s included<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Capacity Building<\/strong>: Support for upgrading your operations, whether it\u2019s investing in new technology or refining production processes to meet global standards.<\/li>\n\n\n\n<li><strong>Mentorship and Guidance<\/strong>: SME Bank, together with MATRADE, provides advisory services to help you navigate market entry.<\/li>\n\n\n\n<li><strong>Compliance Assistance<\/strong>: Help you secure certifications and packaging improvements, ensuring your products resonate with international customers.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Takeaway<\/strong>: If you\u2019re entering markets with strict regulatory requirements, <strong>this program can guide you through compliance<\/strong>, saving you time and potential headaches. Plus, having an experienced partner in your corner can make all the difference when navigating unfamiliar territory.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>4. RM50 Million in Digital Matching Grants<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXfTNYlHNkKv0nNF8IAtPkZvjBNj4iHxMnqhCZGb0WLXeykqbDLq6jHCy6_kxU8oOCpj_u6F6LwGrFRGiHMjjT_L9n_3tIR4PMS0Br0y3ewiqfbUGBZ9gTsP2sRSvXD41zGqIA4UHA?key=sY3ScErtnDfk5jyUOlo-6dvk\" alt=\"\" \/><\/figure>\n\n\n\n<p>Going digital is no longer optional\u2014it\u2019s where business happens. The government\u2019s RM50 million allocation for <a href=\"https:\/\/www.bsn.com.my\/page\/MSMEMadani\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Digital Matching Grants<\/strong><\/a> can help MSMEs cover up to 50% of digitalization costs, capped at RM5,000 per business.&nbsp;<\/p>\n\n\n\n<p>While this may seem modest, this grant also offers <strong>access to<\/strong> <strong>expert Digitalization Partners<\/strong> who can guide you through adopting effective digital strategies.<\/p>\n\n\n\n<p><strong>Ways to use this grant<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Upgrade Your E-commerce Capabilities<\/strong>: Optimize your online store for a smoother customer experience and better conversion rates.<\/li>\n\n\n\n<li><strong>Automate Your Logistics<\/strong>: Invest in digital tools to streamline order fulfillment and inventory management, ensuring faster delivery times and fewer errors.<\/li>\n\n\n\n<li><strong>Targeted Marketing<\/strong>: Use the grant to fund digital ad campaigns, helping you reach customers in new regions with precision.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Tip<\/strong>: Digitalizing your logistics processes can dramatically improve efficiency, reduce errors, and enhance customer satisfaction. Whether it\u2019s automated tracking or real-time updates, having a <strong>tech-enabled logistics partner can support your digital growth strategy<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>5. RM65 Million Allocation to Cradle Fund for Tech-Driven Exportable Products<\/strong><\/h2>\n\n\n\n<p>If your business is at the<strong> forefront of innovation<\/strong>, Budget 2025 has exciting news for you. <a href=\"https:\/\/cradle.com.my\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Cradle Fund\u2019s<\/strong><\/a> RM65 million allocation is set to empower MSMEs to develop cutting-edge solutions.&nbsp;<\/p>\n\n\n\n<p>While this includes digital platforms, it also extends to <strong>tangible, tech-enabled products<\/strong> ready for export. The focus is on supporting businesses creating <strong>hardware solutions and tech-driven consumer goods<\/strong> with the potential to scale regionally and globally.<\/p>\n\n\n\n<p>Think <strong>smart health devices<\/strong>, <strong>eco-friendly appliances<\/strong>, <strong>IoT hardware like robotics<\/strong>, or <strong>green tech products<\/strong> that cater to sustainability-conscious consumers.<\/p>\n\n\n\n<p><strong>Some of the ways this fund can support you<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Product Development Funding<\/strong>: Grants to turn tech innovations into market-ready products meeting global standards.<\/li>\n\n\n\n<li><strong>Market Entry Support<\/strong>: Provides resources to navigate commercialization and accelerate growth.<\/li>\n\n\n\n<li><strong>Strategic Alliances<\/strong>: Partnerships like the India-Malaysia Startup Alliance to boost international collaboration and expansion.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Tip<\/strong>: Your tech-enabled products might need <strong>special handling<\/strong>\u2014whether it&#8217;s delicate electronics or high-value devices. Work with a <strong>logistics partner who understands these nuances<\/strong> to ensure smooth, hassle-free delivery as you expand internationally.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>6. RM100 Million for the Green Technology Financing Scheme (GTFS)<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXefTEXJU8sMWopQrdJ-ObQp_V4wTfYw7IPFPptOzXJuqr786cOFL3_H9e37ZY6eJYXURExtDGJ7K_I2UY9lzW7EOymq-tOPwZRCDuhUIa0ITgeXOjTWgnjFlazqMEx6RIksmunb_w?key=sY3ScErtnDfk5jyUOlo-6dvk\" alt=\"\" \/><\/figure>\n\n\n\n<p>While Budget 2025 doesn\u2019t explicitly state that the <a href=\"https:\/\/www.gtfs.my\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>GTFS<\/strong><\/a> is for international expansion, it equips MSMEs to meet <strong>international sustainability standards<\/strong>, which are increasingly emphasized in many markets. This allocation helps businesses adopt green practices, making their products more appealing in regions where eco-friendliness is a priority.<\/p>\n\n\n\n<p><strong>How GTFS can benefit your business<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Green Product Development<\/strong>: Access funding to develop or enhance eco-friendly products to align with global environmental standards.<\/li>\n\n\n\n<li><strong>Operational Efficiency<\/strong>: Invest in technologies that reduce waste and energy consumption.<\/li>\n\n\n\n<li><strong>Market Differentiation<\/strong>: Leverage sustainability to stand out in competitive, eco-conscious markets.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Takeaway<\/strong>: Embracing green technology not only positions your business for growth but also <strong>opens doors to markets prioritizing sustainability<\/strong>.<\/p>\n\n\n\n<h1 class=\"wp-block-heading\"><strong>From Budget to Borderless<\/strong><\/h1>\n\n\n\n<p>Budget 2025 offers a wealth of tools to help MSMEs expand into international markets. But it\u2019s not just about funding\u2014it\u2019s about <strong>using these resources strategically<\/strong> to achieve sustainable growth.&nbsp;<\/p>\n\n\n\n<p>And when you\u2019re ready to take that leap, <strong>having a reliable freight-forwarding partner can be a game-changer<\/strong>. With <strong><a href=\"https:\/\/bit.ly\/40WNCqG\" data-type=\"link\" data-id=\"https:\/\/bit.ly\/40WNCqG\" target=\"_blank\" rel=\"noreferrer noopener\">Ninja Van<\/a><\/strong>, many of the complexities of cross-border expansion are handled for you, from navigating customs regulations and handling delicate products to ensuring timely deliveries. This lets you focus on what truly matters\u2014<strong>growing your business<\/strong>.<\/p>\n\n\n\n<p>Embrace Budget 2025 and take your business to new heights\u2014because the world is ready for what you have to offer.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/bit.ly\/40WNCqG\" target=\"_blank\" rel=\" noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcVBEkZVCbcv17898qjyruHHk12B9y1Uwmc6wqFtrWUEoklp0aeSCRPQMAblp8gGC3aMbx34FYxsy2BxN33VETzpX4KoGWibCWk1H0TjDeAWecnbnaOdW_aJoCl3hmtYL8R4uPVnA?key=sY3ScErtnDfk5jyUOlo-6dvk\" alt=\"\" \/><\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>On the fence about taking your products abroad? Budget 2025 might be just what you need. Discover 6 key initiatives that help MSMEs expand their footprint.<\/p>\n","protected":false},"author":54,"featured_media":8300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"655","_seopress_titles_title":"Budget 2025: What MSMEs Need to Know to Go Beyond Borders","_seopress_titles_desc":"On the fence about taking your products abroad? Budget 2025 might be just what you need. 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