Lim: New financing guarantee scheme to spur SMEs


Launching ceremony of the New Government Guarantee Schemes under 2019 Budget Initiative by Syarikat Jaminan Pembiayaan Perniagaan Berhad(SJPP) Guest of honour - Lim Guan Eng (L4) with him are ( from left to Right) UOB ED Raymond Chui, Maybank Islamic Berhad DCEO Nor Shahrizan, RHB Bank GMD Datuk Khairussaleh Ramli, SJPP Principal Officer Chen Yin Heng, SME Bank Group President Aria Putera Ismail, Standard Chartered Bank Malaysia Berhad Head of Business Banking Malaysia Raj Tatavarthy, UOB(M) Berhad EDS DC Lim, Vice President of Business Banking Sean Tan.

KUALA LUMPUR: The government will increase access financing for small and medium enterprises (SMEs) through a new financing guarantee scheme worth RM2bil via Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP).

The RM2bil is part of RM6.5bil in guarantee schemes announced by the government in Budget 2019.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Finance , SJPP , Lim Guan Eng , SME , bank , guarantee , scheme ,

   

Next In Business News

Malaysia's CPI rises 1.8% in March
DNB announces new board members comprising representatives from all five MNOs
Axiata, Sinar Mas move closer to US$3.5bil telco merger
Agricore gets Bursa nod to list on ACE Market
South Korea Q1 GDP growth smashes estimates, but outlook's uncertain
Ringgit soft as US$ remains elevated
Product innovation drives sales of local plastic packaging
Bursa's rally continues ahead of economic releases
Trading ideas: MyEG, Axis REIT, Mah Sing, Capital A, Hibiscus, Chin Hin, Carlsberg, I-Bhd
Kering says profit likely to tumble

Others Also Read