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 [...]

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 [...]

SME Corp Malaysia Bhd calls on small and medium enterprises (SMEs) to adopt a culture of innovation and boost research and development (R&D) spending in their companies in order to be competitive.

“We want see more Malaysian companies going into innovative culture and more funds being crafted out for R&D spending,” its CEO Datuk Hafsah Hashim [...]

KUCHING: The development and growth of small and medium enterprises (SMEs) – which make up a large majority of registered businesses in Malaysia – will remain a top priority for the government, both at the federal and state levels.

Highlighting this, state Minister of Industrial Development Datuk Amar Awang Tengah Ali Hassan said SMEs represented the [...]

PETALING JAYA: Indian-owned small and medium enterprises (SMEs) have long lamented the fact that they cannot meet their full potential because there is a lack of money to fund their growth.

Their problem is not because there is not enough funding available that is meant to help all small and medium-sized businesses in Malaysia; the problems [...]

PETALING JAYA: SME Bank has been one of the driving forces behind Malaysian small and medium enterprises (SMEs) to tap into the growing global appetite for halal products.

The global halal food and non-food market is estimated to be around US$2.1 trillion (RM6.55 trillion) annually, something that is attracting non-Muslims into the industry to supply it.

SME [...]

KELANA JAYA: Alliance Bank Malaysia Bhd and Credit Guarantee Corp Bhd (CGC) have formed a partnership to provide easier access to financial assistance for small and medium enterprises (SMEs) on a portfolio guarantee basis, starting with an initial tranche size of RM50 million.

The collaboration is established to address long processing times and slow disbursement of [...]

JOHOR BAHRU: SME Bank Bhd berharap untuk menyelesaikan pembayaran peruntukan RM50mil daripada Kerajaan bagi Tabung Usahawan Muda (YEF) menjelang September kepada 700 penerima di seluruh negara.

Naib presiden dan ketua perbankan Abd Karim Ahmad berkata ia telah menerima 42 permohonan untuk skim untuk kini dan akan mengagihkan RM5 juta kepada mereka.

Beliau berkata bahawa menjelang April, bank [...]

KUALA LUMPUR: SME Corp Malaysia, together with the lead ministries and government agencies are working closely with the World Bank experts in designing high-impact programmes for the small and medium enterprises (SMEs) under the SME Masterplan (2012-2020).

SME Corp chief executive officer Datuk Hafsah Hashim said the government prioritises SME development as shown in the initial [...]

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