FMM lauds RM1bil fund for SMEs


  • Business
  • Saturday, 01 Oct 2005

THE Federation of Malaysian Manufacturers (FMM) has lauded the move to establish the RM1bil capital fund for SMEs. 

FMM vice-president Tan Sri Clifford Herbert said the move to help SMEs could be further enhanced if the SME Development Bank could be more creative in providing financing by moving away from the conventional collateral-based and securities requirement. 

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