SME News
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2020-10-01
Loan restructuring is possible
PETALING JAYA: As the automatic loan moratorium period ends, individuals and businesses facing problems in making repayment this month can still come forward and seek help. Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) ...
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2020-10-01
98% approval rate for borrowers seeking targeted repayment assistance
The banking industry has already processed the vast majority of applications received for targeted repayment assistance, with a 98 per cent approval rate for individuals and small and medium enterprises (SMEs) as of mid-September. In a joint state...
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2020-10-01
RHB Investment Bank upgrades Malaysia’s 2021 GDP growth forecast to seven per cent
KUALA LUMPUR, Oct 1 — RHB Investment Bank Bhd (RHBIB) has upgraded its 2021 real gross domestic product (GDP) growth projection for Malaysia to seven per cent year-on-year (y-o-y) from four per cent y-o-y earlier. The revision in outlook was...
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2020-10-01
3,090 SME Bank's customers opt for SME relief programme
KUALA LUMPUR: About 3,090 of SME Bank's customers, with a total financing of RM4.8 billion, have opted for its restructuring and rescheduling package offered under the SME Relief Programme (SRP). These micro, small and medium-sized enterprises...
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2020-10-01
PM urges Bumiputera to 'pay it forward'
KUALA LUMPUR: Tan Sri Muhyiddin Yassin has urged members of the Bumiputera community who have benefited from the New Economic Policy (NEP) to "pay it forward", creating a caring Bumiputera society ecosystem. The prime minister said this ...