Alliance Bank to provide RM200m in digital SME loans this year

Thursday, 02 Jun 2022 7:27 PM MYT KUALA LUMPUR, June 2 — Alliance Bank Malaysia Bhd (Alliance Bank) plans to provide an additional RM200 million in Digital SME loans this year to help small and medium enterprises (SMEs) grow their business. Alliance Bank senior vice president and head of digital SME, Kevin Shum, said that eligible SMEs can obtain up to RM500,000 collateral-free financing… Source link

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Alliance Bank to offer additional RM200m in Digital SME loans

PETALING JAYA: Alliance Bank Malaysia Bhd aims to provide up to RM200 million in digital SME loans this financial year ending March 31, 2023 (FY23) compared with RM60 million in FY22, said senior vice-president and head of Digital SME Kevin Shum. The bank’s latest digital solution Digital SME is helping small and micro enterprises manage and grow their business faster by leveraging the… Source link

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HitPay is a one-stop solution for SMEs – TechCrunch

HitPay has almost everything SMEs need to run their businesses. In addition to being an online payment gateway, it also offers tools like point-of-sale software with card readers, plugins, payment links and no-code online stores. The Y Combinator alum announced today that it has raised $15.75 million in Series A funding led by Tiger Global, with participation from returning investors… Source link

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The contribution of SMEs in Malaysia and China

Small and medium enterprises (SMEs) are suffering greatly due to the Covid-19 pandemic. Between January and May 2020, 26% of SMEs worldwide closed down permanently, with South Asia as the hardest hit at 46%. 61% of them reported reduced sales. The wider effects on society are not negligible – SMEs make up… Source link

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PM’s working visit to Japan gives positive impact to SME

PUTRAJAYA: Prime Minister Datuk Seri Ismail Sabri Yaakob’s working visit to Japan has given a positive impact and a boost to the small and medium enterprise (SME) sector in Malaysia, Minister of Entrepreneur Development and Cooperative Tan Sri Noh Omar said. In a statement today, Noh said the prime minister’s working visit is a proactive step to invigorate the economic sector in Malaysia… Source link

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Funding Societies expands offerings for MSMEs

FUNDING Societies, the largest SME digital financing platform in Malaysia and South-East Asia, has expanded its financing offerings for the local micro, small and medium enterprises (MSMEs). The syariah-compliant trade financing solutions based on commodity murabahah (tawarruq) is for creditworthy and… Source link

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Malaysia, Japan seek to deepen cooperation in aircraft industry

Senior Minister and Miti Minister Datuk Seri Mohamed Azmin Ali exchanged the MoC with Japan’s Economy, Trade and Industry Minister Koichi Hagiuda in a ceremony in Tokyo May 27, 2022. — Bernama pic Friday, 27 May 2022 8:40 PM MYT KUALA LUMPUR, May 27 — Malaysia is strengthening its cooperation with Japan through the establishment of a framework on creating a sustainable supply… Source link

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SME Association: Foreign investors’ renewed confidence in Malaysia to benefit SMEs 

A view of the Kuala Lumpur skyline January 10, 2018. The KL Tower can be seen in the centre, with KLCC on the right and the Exchange 106 skyscraper, which is still under construction, on the left. — Bernama pic Thursday, 26 May 2022 9:01 PM MYT KUALA LUMPUR, May 26 — The International Trade and Industry Ministry’s (Miti) success in attracting new investments through various… Source link

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Funding Societies expands finance offerings for micro SMEs

Partners with Masryef Advisory, a Shariah advisor to ensure compliance Shariah-compliant trade financing based on Commodity Murabahah Funding Societies, the SME digital financing platform in Malaysia and Southeast Asia, introduced its Shariah-compliant trade financing solutions based on Commodity Murabahah (Tawarruq) for creditworthy and underserved Malaysian micro, small, and medium… Source link

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