Bank Negara Malaysia will start promoting its Small Debt Resolution Scheme (SDRS) to small- and medium-scale enterprises (SMEs) by the end of the month, Deputy Finance Minister Datuk Dr Ng Yen Yen said yesterday.
United Overseas Bank (M) Bhd (UOB) plans to gain market share and enhance profits by building on its niche in commercial lending, personal financial services and capital market activities this year, said chief executive officer Chan Kok Seong.
Public Bank Bhd has posted a record net profit of just over RM1bn for the financial year ended 31 December 2003, on strong growth in loans to small- and medium-sized enterprises (SMEs) and consumers.
The Association of Banks in Malaysia chairman, Dr Rozali Mohamed Ali, said the association welcomed the government's call to look into ways of supporting businesses and entrepreneurs through less reliance on collateral as a basis for lending.
AMDB Bhd said its wholly-owned subsidiary AMDB Factoring Sdn Bhd has granted a facility of up to RM3.1 million to Dawama Sdn Bhd for its immediate working capital requirements.
United Parcel Service Sdn Bhd (UPS) is focusing on small- and medium-sized enterprises (SMEs) to promote its business solution, known as synchronised commerce.
Bank Negara has allocated RM800 million under a Rehabilitation Fund to provide new financing for small- and medium-sized enterprises (SMEs) that need to restructure their debts.
Small-and medium-sized enterprises (SMEs) have been urged to harness a branding culture in order to successfully place locally-made products and services in the world market.
A total of 10,314 applicants in Sabah have benefited from the Micro Credit Scheme in which RM24.6m had been approved as at 31 August this year, said Sabah's assistant finance minister, Datuk Hajiji Mohamad Noor on Tuesday (21 October).
Bank Negara Malaysia (BNM) has set up a special unit to overcome the debt problems incurred by small- and medium-sized industries (SMIs) during the 1997/98 financial crisis, Second Finance Minister Datuk Jamaludin Jarjis said yesterday (21 October
