MoF sees need to enhance insurance protection among SMEs as risks rise

KUALA LUMPUR: The Ministry of Finance (MoF) sees a pressing need for insurance protection among small and medium-sized enterprises due to the escalating climate change and other risks, said Secretary General of Treasury Datuk Johan Mahmood Merican.

He said that there has been a disproportionate emphasis on credit-based financial solutions for MSMEs such as loans or lines of credit while…