Bank Pembangunan Commits RM10 Million Through Funding Societies for SME Lending

Free Newsletter Get the hottest Fintech Malaysia News once a month in your Inbox Bank Pembangunan Malaysia Berhad (BPMB) has formed a strategic partnership with Funding Societies, a Southeast Asian SME digital finance platform. The collaboration, facilitated by BPMB’s subsidiary Ecologitec, aims to improve financing options for small and medium-sized enterprises (SMEs) in… Source link

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Strengthening The E-Commerce Ecosystem: Keys To Unlocking The Full Potential Of MSMEs

Amidst the challenges of coping with the pandemic three years ago, Little Nut Tree Toys emerged as a beacon of perseverance and growth within the Malaysian micro, small and medium enterprises (MSMEs) sector. Founded in 2021 during the peak of uncertainty, the Malaysian toy retailer’s humble beginnings in a small warehouse marked the start of a remarkable journey. Despite its early… Source link

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Malaysia sets up chip-design hub to boost semiconductor industry

The nation is seeking to improve its chip-design capabilities and move up from testing and packing MALAYSIA has set up a chip-design hub in Selangor state to boost its semiconductor industry and attract foreign investments. The nation is seeking to improve its chip-design capabilities and move up from testing and packing – activities that traditionally have been considered less complex and of… Source link

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Meta apologises for removing Malaysian PM’s social media posts

META Platforms said it was sorry about removing Malaysia Prime Minister Anwar Ibrahim’s posts on its platforms that paid tribute to a top Hamas political leader who was killed last month. “We apologise for an operational error where content from the Prime Minister’s Facebook and Instagram Pages were removed, and the content has since been restored with the correct newsworthy label,” a… Source link

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URBAN REVIVO Expands International Market Presence with Mores Stores to Open in Malaysia

– URBAN REVIVO’s parent company, FMG, is accelerating its global expansion by opening more stores for both URBAN REVIVO and FMG’s another brand that has attracted attention- BENLAI. KUALA LUMPUR, Malaysia, Aug. 6, 2024 /PRNewswire/ — URBAN REVIVO (UR), the renowned fashion brand celebrated for its exquisite designs and diverse collections, recently opened two new brick-and-mortar stores in

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Malaysia’s outstanding loans up 6% in June

Business loans lifted overall growth, whilst household growth was slower. Malaysia’s outstanding loans grew 6% in June, ramping up from the 5.7% loan growth in May, according to official data from the Bank Negara Malaysia (BNM). Growth in credit to the private non-financial sector– comprising household and corporate loans– remained steady with a 5.4% growth in June, same as in… Source link

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Malaysia’s business loans slated for up to 7% growth in 2024

However, softer credit demand is seen from the household segment. Malaysian banks’ loans are expected to surpass 6% year-on-year (YoY) growth for the full year of 2024, lifted by business loans. Business loans expanded at a faster pace in June, at 6.4% YoY, reports UOB Kay Hian, based on data from the Bank Negara Malaysia (BNM). Business loans may grow by up to 7% YoY in 2024,… Source link

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BPMB in Funding Societies tie-up | The Star

PETALING JAYA: Bank Pembangunan Malaysia Bhd (BPMB) via its subsidiary Ecologitec Sdn Bhd has announced a strategic partnership with Funding Societies, the largest unified SME digital finance platform in Malaysia and South-East Asia, to launch the SME Digital Partnership. This collaboration will leverage on… Source link

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