SME News
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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 ...
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2020-10-01
In Kota Kinabalu, businesses say another MCO-style lockdown would end them
KOTA KINABALU, Oct 1 — As rumours of another lockdown in the state capital persisted, small-medium enterprise owners have begun expressing concerns over the catastrophic consequences if this were to occur. Still reeling from the effects of t...