Published on: Saturday, January 16, 2021
By: Bernama
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Kuala Lumpur: Twelve banks have responded to the national call for moratorium assistance and flood aid relief, especially for those affected by the current flood situation.
Since Monday, Affin Bank Bhd, RHB Bank Bhd, Public Bank Bhd, Malayan Bank Bhd, Bank Simpanan Nasional Bhd, Bank Muamalat Malaysia Bhd, CIMB Bank Bhd, Bank Islam Malaysia Bhd, Alliance Bank Malaysia Bhd, Hong Leong Bank Bhd, SME Bank Bhd, and OCBC Bank Bhd have rendered financial assistance to customers affected by the floods, with the number of evacuees reaching 48,000.
The 12 banks are offering loan moratorium for up to six months, with some providing deferment of loan instalment and waiver of late payment charges.
Monday, 11 Jan 2021 10:52 PM MYT
Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz delivers a speech during Credit Guarantee Corporation Malaysia Bhd’s 25th Financial Institution and SME Awards in Kuala Lumpur September 28, 2020. Bernama pic
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KUALA LUMPUR, Jan 11 Both international and domestic business communities have remained committed to Malaysia due to the country’s strengths and potential, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz.
Despite the Covid-19 pandemic, he said many international companies and multinational corporations have started establishing vendor development programmes and supply chain management initiatives, together with local companies and suppliers.
Thursday, 07 Jan 2021 07:27 PM MYT
Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz delivers a speech during Credit Guarantee Corporation Malaysia Bhd’s 25th Financial Institution and SME Awards in Kuala Lumpur September 28, 2020. Bernama pic
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KUALA LUMPUR, Jan 7 Malaysia has been positioned as a place for business in the global community and the government understands the importance of attracting investments, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz.
Despite a tumultuous 2020, he said Malaysia continued to draw foreign direct investments (FDI) and domestic direct investments (DDI), recording a total of RM109.8 billion in approved investments involving close to 3,000 projects in the manufacturing, services and primary sectors for the first nine months of 2020.
16 Dec 2020 / 09:27 H.
KUALA LUMPUR: Small and Medium Enterprises (SMEs) can obtain financing of up RM5 million from Bank Negara Malaysia (BNM)’s RM1 billion High Tech Facility – National Investment Aspirations (HTF-NIA).
“SMEs can obtain financing up to RM1 million for working capital purposes; up to RM5 million to finance capital expenditure; or a combination of working capital and capital expenditure up to RM5 million, for a tenure of up to 7 years,” said BNM in a statement yesterday.
It said the facility is offered at a financing rate of up to 3.5 per cent per annum for financing without guarantee or up to 5 per cent per annum inclusive of guarantee fee (with guarantee coverage by Credit Guarantee Corporation Malaysia Bhd (CGC).
KUALA LUMPUR: The deadline for The Star Outstanding Business Awards (SOBA) entries submission has been extended to Dec 15, so small and medium enterprises (SMEs) still have time to participate in the awards programme.