SSM: Interest scheme can be alternative source of funding for SMEs

KUALA LUMPUR: The interest scheme can serve as an alternative source of business funding for small and medium enterprises(SMEs) under the new Interest Scheme Act 2016, says the Companies Commission of Malaysia (SSM).

Chief executive officer Datuk Zahrah Abd Wahab Fenner said the law was a small part of the Companies Act 1965, namely Division 5, Part 4 (now repealed), and applied primarily to protect consumers in golf, recreational clubs, memorial park and time-share schemes.