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SCIB secures RM70m Islamic banking facilities from SME Bank

KUALA LUMPUR (July 18): Sarawak Consolidated Industries Bhd (KL:SCIB) said  it has secured Islamic banking facilities worth RM70 million from SME Bank. It includes a kalafah (bank guarantee) facility of RM15 million that is designated for issuing performance guarantees, the company said in a bourse filing on Thursday This facility, it said, is applicable to contracts awarded by entities such as… Source link

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Fostering workforce trust

(July 18): A workforce in a high-trust organisation is 13 times more likely to enable employees to believe that the company will reward efforts fairly in the future compared to a low-trust organisation, according to PwC Malaysia’s latest report in collaboration with the Asia School of Business (ASB). The report entitled ‘Leading the leap: trust-driven strategies to shape reinvention’ surveyed… Source link

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Navigating the Cash Flow Crisis for SMEs

By Naznin Onn There is no doubt that SMEs are the backbone of our economy. These businesses provide employment for 7.3 million people, generating 38%, or about RM580 billion of Malaysia’s gross domestic product (GDP). And yet, even with over a million SMEs currently operating in the country, 70% of these businesses are struggling with cash flow issues. With the… Source link

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Unveiling Malaysia’s First 10Gbps Internet: A Leap into High-Speed Connectivity

From left: Jurist Francisco-Gamban, COO of ViewQwest, YB Gobind Singh Deo, Minister of Digital, Vignesa Moorthy, CEO, ViewQwest, and Christopher Ng, Country Head MY of ViewQwest. ViewQwest, a leading telecommunications and managed security services provider, marked a historic milestone by showcasing Malaysia’s first 10Gbps service at The Stride Strata Office @ BBCC… Source link

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IGL Coatings to scale new heights with Endeavor Programme

Recognised for its innovative, sustainable approach in protective coatings Selected as 1 of 8 high-potential Malaysian companies for the programme IGL Coatings, a global market leader in the development and manufacturing of innovative surface protection solutions, announced its selection as one of the eight high-potential companies in Malaysia for the Scale Up by Endeavor Program,… Source link

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DBKL wants high-risk businesses to install CCTVs

KUALA LUMPUR: All high-risk business outlets should install closed-circuit television (CCTV) cameras outside their premises as part of war against crime. These include entertainment outlets and those operating until late night. KL mayor Datuk Seri Mhd Amin Nordin Abd Aziz revealed that Kuala Lumpur City Hall (DBKL) is trying to make it mandatory for these outlets to install CCTVs. “We trying… Source link

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New Horizons for SMEs in the Johor-Singapore SEZ

With the establishment of the Johor-Singapore Special Economic Zone, cross-border trade and partnerships between Malaysia and Singapore will increase. Maybank Singapore hosted approximately 160 SME guests and business leaders at the Maybank Johor-Singapore Access conference on July 8, 2024. The event aimed to prepare attendees for doing business and to provide a platform for sharing… Source link

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