SME News
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2021-07-22
CIMB launches EVA chatbot for SME customers
KUALA LUMPUR: CIMB Bank Bhd and CIMB Islamic Bank Bhd launched its CIMB EVA chatbot for small and medium enterprise (SME) customers to better support their banking needs in a fast and secure manner. CIMB said on Thursday CIMB EVA is the first conv...
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2021-07-22
Zafrul: JanaNiaga allocation for SMEs to reach RM1.2b
KUALA LUMPUR: The allocation for the National Supply Chain Finance Platform or JanaNiaga is expected to reach RM1.2 billion, with the additional allocation from participating financial institutions to come in phases. Finance Minister Datuk Seri T...
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2021-07-22
Finance minister: RM171.64m channelled to support agriculture industry, food security as of July 9
KUALA LUMPUR, July 22 — A total of RM171.64 million in financing has been channelled to a total of 13,871 micro-agricultural small and medium enterprises (SMEs) as of July 9, 2021 to support the country’s agriculture and food industry. ...
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2021-07-22
New Covid waves to have impact on Malaysian banks
PETALING JAYA: The asset quality trend of Malaysian banks will stay weak for longer over the next two years, according to S&P Global Ratings, as new Covid waves and lockdowns dampen economic recovery and weigh further on borrowers. In a r...
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2021-07-22
Malaysia’s consumer spending recovery faces headwinds, to stretch into 2022: Fitch Solutions
PETALING JAYA: Fitch Solutions has revised down its forecast for real household spending in Malaysia to post growth of 3% year-on-year (y-o-y) in 2021, from 11% previously, a recovery from the 3.7% y-o-y contraction estimated over 2020, as a res...