KUALA LUMPUR: SME Bank, through its subsidiary Centre for Entrepreneur Development and Research Sdn Bhd (CEDAR), has launched a new business to business (B2B) e-commerce platform called Odela in partnership with JNJ Group.
SME Bank group president and CEO Aria Putera Ismail (pix) said the free platform aims to have 8,000 merchants and buyers using Odela in the first year.
“Odela is one of the components in the National SME Digital Platform that provides a digital business platform that will change the way SMEs operate their businesses.
“Odela taps on new technologies and custom designed to enable the entrepreneurs to make transaction, facilitate exchange, foster innovation and partnership across vast ecosystems,“ he said at Odela’s launch this afternoon.
Odela was launched by Entrepreneur Development Minister Datuk Seri Mohd Redzuan Yusof, and witnessed by Deputy Entrepreneur Development Minister Datuk Wira Dr Mohd Hatta Ramli and Entrepreneur Development Ministry secretary-general Datuk Wan Suraya Wan Mohd Radzi.
Meanwhile at the same event, SME Bank also announced the closing of the Best Exporters Programme (BEP), which saw 73 companies successfully generate a total of RM141.4 million in export revenue.
Aria said under the BEP, SME Bank had approved new financing worth RM87.8 million to 13 companies involved in the programme for working capital and purchase of assets.
“From the 73 companies that participated in the BEP, 43 were from the manufacturing sector and 30 were from the services sector,“ he said.
The three-year-long BEP is a collaboration between three agencies, namely SME Bank, Unit Peneraju Agenda Bumiputera (Teraju) and Malaysia External Trade Development Corporation (Matrade).
Also speaking at the event, Mohd Redzuan said the Entrepreneur Development Ministry would allocate RM5 million for BEP2.0 which will begin in 2020
Source : The Sun Daily, 3 Dec 2019