Banks not proactive in giving out loans to SMEs
The change in the financial institutions’ corporate culture as a result of their consolidation has left small- and medium-scale enterprises (SMEs) facing difficulties to secure credit.
The change in the financial institutions’ corporate culture as a result of their consolidation has left small- and medium-scale enterprises (SMEs) facing difficulties to secure credit.
The participation of local companies, especially small- and medium-sized enterprises (SMEs), in investment and trade missions overseas is still lacking despite the various incentives offered.
The proposed small- and medium-scale industry (SMI) Debt Restructuring Committee (SDRC) is expected to strengthen the SMI sector and improve banks' asset quality.
The RM1 billion micro credit scheme, announced in the New Strategies Package unveiled last May, has received overwhelming response from small entrepreneurs.
The absence of a broad-based corporate tax cut in Budget 2004 is compensated by the increased tax threshold for small- and medium-scale enterprises (SMEs), according to the Malaysian Institute of Taxation (MIT).
The restructuring of the Malaysian economy and its banks since the 1997/98 Asian financial crisis has been a success, but the country now needs to focus on smaller companies for it to enjoy the next wave of growth, said Morgan Stanley Singapore ma
Malaysian exporters are urged to be more aggressive in exporting their products by not relying on letters of credit (LCs), in line with the current trend in developed countries of exporting on non-LC terms.
The Indonesian government and the Asian Development Bank (ADB) will channel US$85m in loans for small- and medium-scale exporters across the country by the end of this year in a bid to promote economic growth and job creation.
Alliance Bank, in collaboration with McFab (M) Sdn Bhd, has launched the Tradelink Purchasing Card Programme, aimed at helping small- and medium-scale enterprises (SMEs) and industries (SMIs).
Bank Industri group, comprising Bank Industri & Teknologi Bhd, Exim Bank and Malaysia Export Credit Insurance Bhd, has posted a record pre-tax profit of RM80.8m for the first half of 2003, thanks to good recovery of bad debts, Bank Industri & Tekn