SMIs doing well despite gloom, says MIDF


KOTA BARU: Small and medium localised industries are doing well amidst the global recession with only 37% of the 519,000 entrepreneurs under the Malaysian Inter­national Development Finance Berhad asking to restructure their loans.

MIDF chairman Tan Sri Mahmood Taib said that the situation could get better when it reduced interest rates from 4% to 2% and raise financing margins to a maximum of 90%.

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