PETALING JAYA: Commercial banks are still refusing to give in to calls to provide loans to small and medium enterprises (SMEs).
Malaysian Trades Union Congress (MTUC) president Zainal Rampak said banks were still carrying on with old practices of insisting on rock-solid guarantees and securities, without looking at the contributions of SMEs to the economy. These SMEs now provide 2.8 million jobs to the Malaysian public, he said.
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