Not forgetting the poor


Ong (second from right) and Fadzlan (right) handing out a Chinese New Year hamper to an elderly woman fromTanjung Malim. — SAIFUL BAHRI/ The Star

SOME 100 senior citizens and the underprivileged from Tanjung Malim and Bidor received hampers in conjunction with the Chinese New Year.

The corporate social responsibility programme by the Malaysian Industrial Development Finance (MIDF) was held at SMJK Katholik in Tanjung Malim.

Second International Trade and Industry Minister Datuk Seri Ong Ka Chuan, who handed out the hampers, said the contributions would help cheer up the recipients for the coming festivities.

“I am happy MIDF responded to the government’s call to continue helping the poor,” he added.

Ong said MIDF has been offering easy payment schemes with a low profit rate of 4% per year for small and medium enterprises, and 5% for other companies.

He said last year, MIDF had approved a total of RM661.2mil in loans and financial aid that benefited some 237 companies.

“This year, MIDF has set aside RM800mil, whereby RM500mil is for the purpose of automating factories in the manufacturing sector and the remaining for entrepreneurs under the service sector.

“Although the core role of MIDF is to provide financial aid and easy payments to entrepreneurs, the agency at the same time has not neglected its social responsibility,” he added.

MIDF’s marketing department (Development Finance Division) head Fadzlan Abu Bakar said since the setting up of MIDF in 1960, a total of RM14.2bil in loans, and financing aid had been disbursed to a total of 10,697 local companies.

He said besides that, MIDF has also organised UPSR workshops for pupils, construction of libraries at orphanages, and rebuilding of houses, which were damaged in the floods in Kelantan.


   

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