05 Dec

MIDF Approves RM2.1bn Soft Loans for SME

Excerpt from The Malaysian Reserve, 5th Dec 2017,

Malaysian Industrial Development Finance Bhd (MIDF) will continue supporting local small and medium enterprises (SMEs) on their journey towards the fourth Industry Revolution in approving RM2.1 billion under the soft loan scheme for automation and modernation (SLSAM).

Deputy Minister of International Trade and Industry Datuk Chua Tee Yong (picture) said the federal government had allocated RM1.1 billion for SLSAM, and another RM450 million is to be given between 2018 and 2020.

He also said the recent Budget 2018 announcement is indeed vital to business communities as it provides support to all sectors, particularly SMEs, with total allocation to this segment at RM22.2 billion.

He said globally, a few sectors are aggressively shaping up towards Industry 4.0, such as electrical and electronics, automotive, industrial manufacturing, chemicals, logistics and engineering, and construction, with estimated investments of up to US$907 billion (RM3.68 trillion) until 2020. – Bernama

 

For the full story, please visit The Malaysian Reserve website.

Back to Borneo Kaki Homepage

Support local products by shopping here.

28 Nov

Keep Up with e-Commerce to Stay Competitive

Excerpt from Borneo Post (Sabah), 27 Nov 2017

Kota Kinabalu Chinese Chamber of Commerce and Industry (KKCCCI) president Datuk Michael Lui has urged his members to keep up with e-commerce in order to remain competitive.

Lui said KKCCCI would continue to organize seminars and briefings on the latest trends knowing that digital marketing was vital to ecommerce entrepreneurship and sales

He said KKCCCI has the responsibility to lead its members and businesses towards Industry 4.0 in view of the opportunities brought about by the Digital Free Trade Zone (DFTZ) in Malaysia

 

Article taken from Borneo Post (Sabah). Visit their website here. 

Return to Borneo Kaki Homepage

24 Nov

RM100m for SME, AmBank

Excerpt from Daily Express, 23 Nov 2017

AmBank (M) Bhd in collaboration with the Credit Guarantee Corporation Bhd has introduced the SME Biz Property Extra, a RM100 million financing solution for small and medium enterprises (SMEs), to assist them with property purchases and working capital requirement.

The SME Biz Property Extra is open for applications at all 175 AmBank branches, nationwide. – Bernama

For full article, please visit Daily Express.  

For more news related to SME businesses, you could visit here.

Shared Services Outsourcing (SSO) Scheme is one of the initiatives to promote the Sabah local products. Our aim is to reduce Sabahan’s living costs by simplifying the supply chain. For more information about the scheme and how you could benefit from it, please check out our website.

 

21 Nov

SME Sector Create More Jobs

Assistant Industrial Development Minister Bolkiah Ismail. (image from FreeMalaysiaToday

The Assistant Industrial Development Minister Datuk Bolkiah Ismail mentioned that the Small and Medium Enterprise (SME) sector had increased job opportunities in Sabah to 452,021 in the year 2015, compared to 324,438 in 2010.

“The SME sector contributed 98% of business growth in Sabah, in general, and played a big role in the contribution to the GDP in the state especially” He told the State Legislative Assembly.

 …the new programmes implemented by the ministry, such as the Shared Services Outsourcing Center (SSO), had helped to market SME products to supermarkets and shops…

For the full article in Free Malaysia Today, please visit here.

For the full article in Borneo Post Sabah, please visit here.

Back to Borneo Kaki homepage

13 Nov

Sedco Helps Creating Commercial and Industrial Bumiputera Community

Excerpt from Borneo Post (Sabah), 12 Nov 2017

“… Sedco had implemented numerous shophouse projects in Sabah and had provided loans for the purpose of ownership to entrepreneurs and Bumiputera-owned companies.”

“… Sedco also contributed to Sabah, through good financial performance and significant contribution to the sate”

For full article, please click here. 

01 Nov

Good News ! More SME Loans from AmBank

Excerpt from Malaymail Online, 1st Nov 2017, from Bernama

AMMB Holdings Bhd (AmBank), which aims to be the retail bank for small-and-medium enterprises (SMEs), hopes to approve RM7 billion worth of loans for the segment in the financial year ending March 31, 2018.

 

“The SME segment is currently contributing 10 per cent to AmBank. We can potentially grow that to 25 per cent sooner than our 2020 target, given the government’s encouraging support,”

– AmBank Grp CEO Datuk Sulaiman Mohd Tahir

Read full article here.

http://www.themalaymailonline.com/money/article/ambank-aims-to-approve-rm7b-loans-for-smes

 

31 Oct

Mustapa Urge Local SME to Work With Foreign Companies

Excerpt from The Star, 30th Oct 2017

International Trade and Industry Minister Datuk Seri Mustapa Mohamed has urged local industry players, particularly, small and medium enterprises (SMEs) to step up their game to sustain their businesses and remain competitive.

“We have about 975,000 local SMEs. I anticipate that foreign SMEs who want to set up their hub here will also seek more opportunities with local counterparts, such as joint ventures and so forth,” he said in his keynote address at the National Supply Chain Conference 2017 in Kuala Lumpur on Monday

Full article available here :

http://www.thestar.com.my/business/business-news/2017/10/30/mustapa-urges-smes-to-step-up-their-game/

28 Oct

RM20 billion to help SME – Budget 2018

Our Prime Minister cum Finance Minister, Datuk Seri Najib Razak, tabled the Budget 2018 yesterday. One of the major highlights is the funds allocated for SME, which is the largest ever in the history of Malaysia’s budget.

The government set aside RM 20 billion under the new budget for the development of SMEs. The size of the allocation shows that the government is committed in helping the Rakyat to reduce living costs and increase Rakyat’s income.

More information in the links below :

http://www.themalaymailonline.com/malaysia/article/minister-asks-smes-to-capitalise-on-funds-provided-in-budget-2018#Ls2ZpL25mkzzOH8j.97

http://malaysiandigest.com/frontpage/282-main-tile/704950-updated-budget-2018-highlights.html

For more information regarding the Budget for SME, you could check out the article from Datuk Seri Mustapha Mohamed, the Minister of International Trade and Industries (MITI)

08 Oct

Chief Minister Reckons SSO Helps SMEs

Excerpt from Borneo Post – Sabah, 8th Oct 2017

“…, the Kota Kinabalu Industrial Park (KKIP) continued to attract more investors with the development of the Digital Free Trade Zone, besides the Shared Services and Outsourcing Center (SSO) which helps Small and Medium Enterprises (SMEs) market products locally and internationally.” – Chief Minister Tan Sri Musa Aman

Full article available here :

11MP projects on track – CM

If you wish to register for to join the Shared Services Outsourcing (SSO) scheme, you could fill up the form here.