Shielding SME ecosystem from natural disasters

PETALING JAYA: Small and medium enterprises (SMEs) are vulnerable to floods and more should be done to alleviate the losses they incur from natural disasters, according to a report by the World Bank and Bank Negara Malaysia. SMEs were more likely to report financial damage compared with larger businesses and… Source link

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RM150m in funding available for SMEs via MyDataHub.Ai

KUALA LUMPUR (June 6): Malaysia Digital Economy Corporation (MDEC) and Dattel Asia Group have launched the MyDataHub.Ai platform to help small and medium enterprises (SMEs) gain access to RM150 million in financing. MyDataHub.Ai connects businesses and partners on the platform. In addition to access to financing options, the platform also allows the exchange of data and strategies, encouraging… Source link

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BERNAMA – ASSET-QUALITY RISK RECEDING BUT REMAINS HIGH IN SEVERAL COUNTRIES

KUALA LUMPUR, June 6 (Bernama) — The risk to asset quality of banks in emerging markets (EM) is generally receding from peaks during or before the COVID-19 pandemic, supported by macroeconomic factors, said Moody’s Rating. It said in a note that EM banks have generally adequate buffers against credit losses, which include pre-provision profitability, credit reserves and… Source link

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AIM RECOGNISED AS THE BEST MICROFINANCE INSTITUTION IN MALAYSIA

KUALA LUMPUR, June 6 (Bernama) — Amanah Ikhtiar Malaysia (AIM), an agency under the Ministry of Entrepreneur Development and Cooperatives (KUSKOP), has been recognised as the Best Microfinance Institution in the country. In a post on Facebook, Deputy Minister of Entrepreneur Development and Cooperatives, Datuk R. Ramanan, commended AIM’s managing director, Mohamed Shamir Abdul Aziz,… Source link

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Briocean Exhibits at SEMICON Southeast Asia 2024, Business News

KUALA LUMPUR, Malaysia, June 6, 2024 /PRNewswire/ — Briocean’s participation in SEMICON Southeast Asia 2024, held from 28-30 May in Kuala Lumpur, Malaysia, marked a significant milestone for the company. The event provided an excellent platform for Briocean to showcase its supply chain solutions, engage with industry peers, and highlight its remarkable global… Source link

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ALLIANCE BANK UNVEILS BIZSMART CHALLENGE ACCELERATOR EDITION WITH EXPANDED ELIGIBILITY

KUALA LUMPUR, June 5 (Bernama) — Alliance Bank Malaysia Bhd today launched the seventh iteration of BizSmart Challenge Accelerator Edition (Challenge) with expanded eligibility criteria to allow more small and medium enterprises (SMEs) to participate in the challenge. Group chief executive officer Kellee Kam said the challenge will now be expanded to accept participation… Source link

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Boost Bank launched, Malaysia’s 1st home-grown digital bank

Boost Bank has finally launched and it’s Malaysia’s third digital bank licensed and regulated by Bank Negara Malaysia. Formed by a consortium of Axiata’s Boost and RHB, Boost Bank claims to be the first home-grown digital bank in Malaysia. Registrations for the digital bank are now open and users can download the official app via the Apple App Store and Google Play Store. It is open to… Source link

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Boost Bank to rollout Debit Card in July 2024

Boost Bank by Axiata and RHB has officially launched and they are now accepting public registrations for its savings account. If you want to make cashless payments worldwide, the Boost Bank Debit card is expected to be released sometime next month. Boost Bank to launch retail debit card next month According to the digital bank’s launch roadmap, Boost Bank intends to launch its retail… Source link

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