Financial help: (from left) Zamree, CGC chief business officer Leong Weng Choong, Standard Chartered Malaysia head of business banking Raj Tatavarty, and Abrar at the portfolio guarantee signing ceremony.
KUALA LUMPUR: As the small and medium-size enterprise (SME) sector picks up the pace again following the pandemic, Credit Guarantee Corp Malaysia Bhd (CGC) and Standard Chartered Malaysia are extending a helping hand by making available RM70mil in financing to provide SMEs with working capital.
Under a portfolio guarantee (PG) agreement, the financing facility is expected to help ease the burdens of SMEs and sustain their business as they recover from the effects of the pandemic.
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