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Corporate News

Lim: New financing guarantee scheme to spur SMEs

KUALA LUMPUR: The government will increase access financing for small and medium enterprises (SMEs) through a new financing guarantee scheme worth RM2bil via Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP).


Credit Guarantee Corporation targets coverage for RM2b new loans

Credit Guarantee Corporation Malaysia Bhd (CGC) is confident of providing guarantee cover for RM2bil in new loans this year.


CGC wins international award for SME wholesale guarantee

KUALA LUMPUR: Credit Guarantee Corp Malaysia Bhd (CGC) recently secured the Development Award 2015 from the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) in recognition of its forward-looking Islamic Wholesale Guarantee (WG-i) scheme.


Lion Corp comes to Megasteel rescue with RM30m guarantee

KUALA LUMPUR: Lion Corporation Bhd is providing a RM30mil corporate guarantee to Tenaga Nasional Bhd (TNB) to ensure its subsidiary Megasteel Sdn Bhd continues to receive power supply.


No US$3bil govt guarantee for 1MDB, Ahmad Maslan reiterates

KUALA LUMPUR: There is no explicit government guarantee for a US$3bil (RM9.6bil) bond by 1MDB, Deputy Finance Minister Datuk Ahmad Maslan said, standing by an earlier statement on the issue.

Corporate News

Star calls on JAKS’ corporate guarantee

PETALING JAYA: Star Media Group Bhd has called on a corporate guarantee given by JAKS Resources Bhd in relation to a property development project in Section 13.


SOP gives another corporate guarantee to refinery unit

KUCHING: Sarawak Oil Palms Bhd (SOP) has provided additional corporate guarantee of RM45mil for wholly-owned unit SOP Edible Oils Sdn Bhd (Sopeo) for the trading of palm oil/palm oil products in favour of Louis Dreyfus Commodities Asia Pte Ltd.


Scope of the guarantee

THE word guarantee is so widely used that almost everyone has heard of it.


Credit Guarantee Corp eyes RM400mil for wholesale guarantee

KUALA LUMPUR: Credit Guarantee Corp (M) Bhd (CGC) is targeting RM400mil for its wholesale guarantee portfolio this year following its deal with OCBC Al-Amin Bank Bhd to launch the country’s first small and medium enterprise (SME) wholesale guarantee.


CGC bullish about new guarantee scheme

Credit Guarantee Corp Malaysia Bhd (CGC) hopes to guarantee RM200mil worth of loans by year-end under the I>Enhancer/I>, its newly launched credit guarantee scheme, said chief executive officer Datuk Wan Azhar Wan Ahmad.