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SederhanaKUALA LUMPUR: SME Bank has offered SME Relief Programme Pemulih (SRP Pemulih), with phase two focusing on small and medium enterprises (SMEs) from the tourism and public transport sectors.
The bank, an agency under the Ministry of Entrepreneur Development and Cooperatives, said the programme started from July until December this year, benefitting 4,142 of its customers with a financing value of RM5.8 billion.
PUTRAJAYA: The Ministry of Entrepreneur Development and Cooperatives (MEDAC) has asked for an allocation of RM1 billion in Budget 2022 to focus on efforts to revive small and medium enterprise (SME) and micro businesses.
Many small and medium enterprises (SMEs) are facing tremendous pressure due to cash flow issues during these challenging times.
Source : The Star, 5 October 2021
SMEs, the economic life bloods of Malaysia, were arguably the biggest victims of the pandemic. But funding their revival has to be balanced with a new focus on fiscal prudence even while the entire DFI -- Development Financial Institution -- sector is overdue much-needed consolidation.
Exclusive interview with Aria Putera Ismail, Group President/Chief Executive Officer, SME Bank.
