SME News
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2020-07-29
SMEs' contribution to GDP rose to 38.9%
KUALA LUMPUR: Malaysia’s Small and Medium Enterprises’ (SMEs) contribution to the gross domestic product (GDP) increased to 38.9 per cent in 2019 from 38.3 per cent in 2018, according to the Department of Statistics Malaysia (DOSM). It...
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2020-07-29
Tengku Zafrul: Over 600,000 individual borrowers, 13,000 SMEs opted against deferring loan repayment
KUALA LUMPUR, July 29 - The number of individual borrowers who continue to repay loan installments and opt out of the moratorium facility increased to 601,000 in July 2020 from 331,000 in April, Finance Minister Tengku Datuk Seri Zafrul Ten...
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2020-07-29
SME Bank approves RM2.1b financing to 529 SMEs in 2019
KUALA LUMPUR: SME Bank recorded a profit before tax and zakat of RM213.9 million and approved financing amounting RM2.1 billion to 529 small and medium enterprise (SME) entrepreneurs for the year ended 2019. Chairman Datuk Seri Nazir Ariff said SM...
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2020-07-29
Muhyiddin: Targeted moratorium extension for another three months
PETALING JAYA: The government has announced a targeted extension for the moratorium on bank loans for those who either lost their jobs or had pay cuts this year as a result of the Covid-19 pandemic. Prime Minister Tan Sri Muhyiddin Yassin said ind...
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2020-07-29
Bank Negara: Loan repayment assistance available to borrowers starting Aug 7, won’t appear on CCRIS
KUALA LUMPUR, July 29 - Individual and Small and Medium Enterprise (SME) borrowers and businesses can apply directly to their respective banks beginning from Aug 7, 2020 to obtain the flexibilities that were announced today, ...