SME News
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2020-03-27
No compounding of interest for Maybank loans during moratorium
KUALA LUMPUR: Malayan Banking Bhd (Maybank) will not be compounding interest for all individual, small and medium enterprise (SME) and non retail/corporate customers loan facilities which are eligible for the six-month moratorium announced earlier th...
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2020-03-27
RHB first local bank to waive compound of interest during moratorium
KUALA LUMPUR: RHB Banking Group (RHB) has become the first local bank to announce that it will not be compounding interest during the six-month moratorium period after two foreign banks, HSBC and OCB announced this yesterday. RHB said this would b...
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2020-03-26
Fomca : More help needed to sustain SMEs during MCO period
KUALA LUMPUR, March 25 — The Federation of Malaysian Consumers Associations (Fomca) hopes that the government would consider waiving the accrued interest rates on housing and other loan repayments due to the harsh economic climate. President...
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2020-03-26
Axiata and subsidiaries launch RM150m fund for micro SMEs
AXIATA Group Bhd and its subsidiaries Celcom Axiata Bhd, edotco Group Sdn Bhd and Axiata Digital Services Sdn Bhd have launched a RM150 million cash fund to provide financial assistance to micro small and medium enterprises (SMEs). The ...
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2020-03-26
Giving small businesses a break
In the wake of the Covid-19 outbreak and subsequent Restricted Movement Order (RMO) many small and medium enterprises (SMEs) are expected to suffer greatly. To mitigate the impact of these hard times, three financial institutions that come under the ...