Malaysia SME

Funding Societies, the Singapore-based small and medium-sized enterprise (SME) digital financing platform, on Wednesday introduced its Shariah-compliant trade financing solutions based on Commodity Murabahah (Tawarruq) for creditworthy and underserved Malaysian micro, small, and medium enterprises (MSMEs) seeking to grow their business or expand their working capital as the country… Source link

BANKS need to step up their digital game or risk losing small and medium enterprises (SMEs) to alternative lenders, according to US-based data analytics firm FICO. Its recent survey of SMEs in Asia-Pacific found that 44% of respondents in Malaysia were interested in taking up new borrowing products this year, while 43% were considering alternative or non-traditional lenders. Interestingly, the… Source link

Insured losses arising from the Great Malaysian Flood in December 2021 could amount to approximately MYR1.5bn ($342m) to MYR2bn, according to an assessment by Malaysia Reinsurance, says Mr Zainudin Ishak, president & CEO of the reinsurer. The insured losses could be roughly 20%–30% of the economic loss of MYR 5.3bn to MYR6.5 bn estimated by the Department of… Source link

KUALA LUMPUR (May 17): Bank Negara Malaysia’s (BNM) move to raise the Overnight Policy Rate (OPR) to 2.0% aims to ensure that the monetary policy remains accommodative to support sustainable economic growth, while enabling the economy to withstand external shocks, said SME Bank. In a statement, group chief executive officer Dr Aria Putera Ismail said as the domestic economy is growing… Source link

This post is sponsored by UOB Malaysia. In recent years because of the business environment created in the wake of the pandemic we have seen the advent of new technological advances, which businesses have adopted to ensure their businesses stay afloat. Due to the new normal of working from home, small businesses have had to invest in new digital tools to digitise what were… Source link

PETALING JAYA: S&P Global Ratings has forecast Malaysian Islamic banks to grow at a compound annual growth rate of 6-8% over the five-year period of 2022-2026, which means local Islamic banks could account for close to 45% of the overall commercial banking loan book by the end of 2026, up from 37.5% in January 2022. “That said, short-term headwinds may hinder the recovery in loan growth…. Source link

To tide SMEs through the COVID-19 pandemic, the Malaysian government initiated an SME grant to help small and medium businesses digitise their operations. With the grant, SMEs that purchase any products or services to digitise their businesses are eligible to claim up to RM 5,000. To generate 450 qualified SME leads, UOB worked with RinggitPlus.com to launch a digital and mobile… Source link

KUALA LUMPUR: Access Group, a leading provider of business management software and solutions, has provided constant support to small and medium enterprises (SMEs) through transfer of knowledge and technology know-how to remain resilient in the midst of Covid-19 pandemic. Startup and small business sales head… Source link

TODAY, amid the ongoing health crisis in Malaysia, more than a million registered small and medium enterprises (SME) are facing uncertainties when it comes to ensuring business resiliency and sustenance. SME owners know the importance of preparing for unforeseen circumstances, but few would have anticipated the onset of a global crisis as what we have experienced today. At the start of the… Source link

With the rapid development of Cambodia’s construction industry in recent years, the demand for talents in the field of construction has also increased, especially experienced professional staff in construction quality supervision, standards and inspection The Cambodia Constructors Association (CCA) met with the delegates of SME Malaysia during their trade mission to Cambodia, to discuss… Source link