CIMB commits to RM30b SME financing via tie-ups with CGC, SJPP

KUALA LUMPUR (Sept 26): CIMB Group Holdings Bhd aims to extend RM30 billion in financing to small and medium enterprise (SME) businesses via collaborations with credit guarantee agencies established by the Government and Bank Negara Malaysia. The group’s two subsidiaries, CIMB Bank Bhd and CIMB Islamic Bank Bhd, will collaborate with Minister of Finance Inc’s wholly-owned Syarikat Jaminan… Source link

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Digital payments remain a key driver for SME digitalisation, says Amcham

KUALA LUMPUR (Sept 20): Digital payments remained a key driver for digitalisation for small and medium enterprises (SME) in Malaysia, the American Malaysian Chamber of Commerce (Amcham) said. Amcham said a report by online payment system operator PayPal on “Accelerating SME Digitalisation in Malaysia” has reinforced the need to enable digital payments to accelerate SME… Source link

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Digital payments remain a key driver for SME digitilisation in Malaysia, says Amcham

Digital payments remained as a key driver for digitalisation for small and medium enterprises in Malaysia, the American Malaysian Chamber of Commerce (Amcham) said. — Picture by Hari Anggara Tuesday, 20 Sep 2022 9:51 PM MYT KUALA LUMPUR, Sept 20 — Digital payments remained as a key driver for digitalisation for small and medium enterprises (SME) in Malaysia, the American Malaysian… Source link

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UOB Malaysia partners SJPP to provide $219M in green financing to SMEs

UOB Malaysia is partnering Syarikat Jaminan Pembiayaan Perniagaan Malaysia (SJPP), a wholly-owned company of Minister of Finance Inc, to launch the U-Green Financing program, which will support small and medium-sized enterprises (SMEs) in embracing sustainability. The bank has allocated MYR1 billion ($219.63 million) for this program, and SJPP will be guaranteeing up to 80 percent of… Source link

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Greenpro Launches the World’s First Shariah-Compliant ESG Digital Asset Exchange, Green-X of Labuan, Malaysia

KUALA LUMPUR, MALAYSIA / ACCESSWIRE / September 19, 2022 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced it had launched the World’s first Shariah-Compliant ESG Digital Asset Exchange, Green-X. Greenpro Capital was granted the license to operate such exchange by Malaysia’s Labuan Financial Services Authority (“LFSA”) in April 2022. The launch was officiated by LFSA, International… Source link

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SMEs call for more automation and digitalisation grants

KUALA LUMPUR: Small and medium enterprises (SMEs) are hoping that the government will increase grants and facilities for automation and digitalisation in Budget 2023 to help them transition to Industrial Revolution 4.0 (IR 4.0) and rebound from the pandemic. Datuk William Ng, chairman of the Small and Medium Enterprises Association of Malaysia (Samenta), said a cohesive and structured… Source link

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Not many micro-SMEs in Sarawak apply for alternative financing

Faiz (right) highlights some points during the panel discussion. With him (from left) are Jalil, Kashminder, Syakir and Chew. KUCHING (Sept 18): Very few micro small and medium enterprises (MSMEs) in Sarawak have applied for the alternative financing from SME Corporation Malaysia (SME Corp) over the last three to five years. In stating this, the corporation’s Sarawak regional… Source link

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85% of Malaysian SMEs surveyed have increased their salaries by at least 3% since the pandemic

At the same time, 41% of respondents pay significantly more than the minimum wage, 46% pay slightly more, and 13% pay the minimum wage for entry-level employees. The most valuable asset for a company is having the right person for the right job, suggests BrioHR’s recent SME Employer Sentiment Survey. However, a prominent challenge noted currently for a new or existing business is… Source link

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Muhyiddin urges Putrajaya to introduce special moratorium for SMEs struggling to recover post-Covid

Tan Sri Muhyiddin Yassin has proposed today that Putrajaya offer a special moratorium to SMEs. — Picture by Sayuti Zainudin By R. Loheswar Sunday, 11 Sep 2022 11:10 AM MYT KUALA LUMPUR, Sept 11 — Tan Sri Muhyiddin Yassin has proposed today that Putrajaya offer a special moratorium to small and medium enterprises (SMEs). The former prime minister said the sector had yet to fully… Source link

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