Banker gives thumbs up to guarantee schemes

THE Government’s move to help the private sector by setting up several guarantee schemes and facilitating easier access to the bond market has received the thumbs up.

Malaysian Investment Banking Association (Miba) chairman Tan Sri Azman Hashim lauded the move to provide an 80% guarantee of loans via its Working Capital Guarantee Scheme and the Industry Restructuring Guarantee Fund Scheme, worth RM5bil each.