KUALA LUMPUR: A rating agency regulated by Bank Negara should be set up to determine the credit-worthiness of Small- and Medium-size Enterprises (SMEs), MCA vice-president Datuk Donald Lim Siang Chai said.
He said the party felt that the Government should set up the agency as banks at present depended on CTOS Sdn Bhd, a private company that compiles data on loan defaulters from various sources, to ascertain the credit-worthiness of SMEs.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!
