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RM13.2bil guarantees issued for MSMEs from April 2020 to June 2022

KUALA LUMPUR: A total of RM13.2 billion guarantees were issued by financial institutions (FI) for the micro small and medium enterprises (MSME) from April 2020 until June 2022, Credit Guarantee Corporation Malaysia Bhd (CGC) said. ....

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Govt to continue helping SMEs navigate recovery path in Budget 2021

THE government is committed to continue helping small and medium enterprises (SMEs) along their recovery path in the upcoming Budget 2021, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz (picture).He said this would be done via continued support for digitalisation and automation, building on the foundation laid by the Prihatin Rakyat Economic Stimulus Package (PRIHATIN), PRIHATIN SME PLUS, National Economic Recovery Plan (PENJANA), and Prihatin Supplementary Initiative Package (KITA PRIHATIN) to encourage this transition.The government will also facilitate the SMEs to accelerate the adoption of digitalisation under Budget 2021 that will be tabled the Parliament on Nov 6, he added. ....

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CGC and StanChart extend RM70mil financing to SMEs

Financial help: (from left) Zamree, CGC chief business officer Leong Weng Choong, Standard Chartered Malaysia head of business banking Raj Tatavarty, and Abrar at the portfolio guarantee signing ceremony.
KUALA LUMPUR: As the small and medium-size enterprise (SME) sector picks up the pace again following the pandemic, Credit Guarantee Corp Malaysia Bhd (CGC) and Standard Chartered Malaysia are extending a helping hand by making available RM70mil in financing to provide SMEs with working capital. Under a portfolio guarantee (PG) agreement, the financing facility is expected to help ease the burdens of SMEs and sustain their business as they recover from the effects of the pandemic. ....

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