PKS

Malaysian Industrial Development Finance Bhd (MIDF) is offering a special financing scheme worth up to RM100,000 each under the SME Emergency Fund (SMEEF) for the flood-affected small and medium entreprises (SMEs).

“Through the funds, SMEs will be able to restart business operations and the assistance can be used to purchase new machinery/equipment, raw materials or stocks [...]

Prime Minister Datuk Seri Najib Tun Razak said today subsidies at a 2.0 per cent interest rate will be given under the SME Investment Partner (SIP) programme of the SME Masterplan.

Najib, who is also Finance Minister, said the subsidies are necessary because of the high costs involved and to enhance early stage financing for SMEs.

“Because [...]

In the recent years, the development of entrepreneurship has been growing in importance in Malaysia. This is evident that the Government places great importance on entrepreneurship in the country with the various supporting mechanisms and policies that exist for entrepreneurs in terms of funding opportunities, physical infrastructure and availability of business advisory services.

To implement sustainable [...]

Malaysian Industrial Development Finance Bhd (MIDF) has allocated RM100 million for a soft loan scheme for small and medium enterprises (SMEs) to cover implementation of the minimum wages. The minimum wages initiative for Malaysia has been implemented since January last year.

MIDF managing director Datuk Mohd Najib Abdullah said SMEs may apply for the fund provided by [...]

Malaysian Industrial Development Finance Bhd (MIDF) is offering special loans of up to RM100,000 under the SME Emergency Fund (SMEEF) to small and medium enterprises (SMEs) in the manufacturing and services sector affected by the recent floods in the country.

The SMEEF, ranging from RM50,000 to RM100,000, would assist SMEs whose businesses have been adversely [...]

A total of RM18.4 billion has been allocated to benefit small and medium enterprises (SMEs) in the country for 2013, Prime Minister Datuk Seri Najib Abdul Razak said today.

The amount is being used to fund 155 programmes, which are expected to benefit more than 465,000 SMEs.

In his speech read out by Minister in the Prime [...]