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Med clarifies on articles by media outlets
JOHOR BARU: The Entrepreneur Development Ministry (MED) today clarified that the non-performing loans (NPLs) related to small and medium entrepreneurs (SMEs) as reported in several media outlets yesterday referred to the NPLs of Development Financial Institutions (DFIs).
In a statement here today, the ministry said the NPL ratio of the DFIs currently stands at 15% according to official figures from Bank Negara Malaysia.