KUALA LUMPUR, May 5 -- Lim Guan Eng has urged the government to suspend all proposals that could add financial pressure on Malaysian industries, in response to the economic challenges posed by the US tariffs.

The Bagan MP told Parliament that if left unsupported, the SME sector's contribution could fall to just 35 per cent of GDP.

Among other things, Lim proposed freezing cost-increasing policies, including planned tax hikes, electricity tariff increases, and floating RON95 petrol prices.

"The government must suspend all proposals that add financial pressure on industry," he said, citing measures such as e-invoicing, SST expansion and EPF contributions for foreign workers.

He said a cut in interest rates is also crucial now that infla...