Malaysia

Euler Hermes, Allianz partner in Malaysia credit insurance distribution.

QBE Insurance (M) Bhd, which targets to bring in at least RM10million in premiums this year for trade credit insurance, has set its sights on becoming the biggest player for this class of insurance business in Malaysia.

SME Factors Sdn Bhd. and PBBM Global Corp Bhd (PGC) launch collaboration on the SME Success programme.

Syariah-compliant SME financing fund was launched yesterday.

Coface survey shows that in 2011 Taiwanese firms were increasingly using credit sales.

HSBC Bank Malaysia expects the growth of forfaiting to be phenomenal over the next few years.

The Malaysian market is seeing an increased demand for trade credit insurance from exporters and SMEs amid the uncertain global economic environment.

The Malaysian government, via the Small and Medium Enterprise Corporation (SMECorp), will allocate RM321.8 million to finance 53 entrepreneur development programmes next year, according to Deputy Prime Minister Tan Sri Muhyiddin Yassin.

The SME Bank has approved loans totalling RM1.3 billion as of September this year, a 62 per cent increase over the same period last year, according to managing director Datuk Mohd Radzif Mohd Yunus.

A shariah-compliant SME financing fund totalling RM 2 billion will be established next year, according to Malaysian prime minister Datuk Seri Najib Tun Razak.