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KUALA LUMPUR: The government has approved 7,387 applications for financing totalling RM1.38 billion under the Penjana Small and Medium Enterprise (SME) Financing programme as of April 9, 2021.
THE government announced the sixth economic stimulus package (Pemerkasa) worth RM20bil on March 17,2021, one year after Malaysia first imposed a lockdown due to Covid-19. Pemerkasa brought the total value of the packages to RM340bil.
KUALA LUMPUR: The assistance provided through the Prihatin Special Grant or Geran Khas Prihatin (GKP) showcases the government’s concern towards micro small and medium enterprises (MSMEs) that are the bedrock of the country’s economy.
Datuk Seri Dr Wan Junaidi Tuanku Jaafar said the bank’s targeted financing relief through the SRP has benefited 3,084 of the bank’s customers with financing value amounting to RM4.41bil last year.
Director-general Dr Ahmad Parveez Ghulam Kadir said the RM30 million to encourage investments in mechanisation and automation and RM20 million for purchase of machinery can help move the industry into mechanisation in its way forward.
KUALA LUMPUR: The FBM KLCI jumped on Thursday following the Prime Minister's announcement of the RM20bil Pemerkasa stimulus package and as global investors received confirmation from the US Federal Reserve that it would maintain its ultra-low interest rates.
KUALA LUMPUR: The increase in fundraising limits on equity crowdfunding (ECF) platforms as well as waiver on listing fees as announced under the latest economic stimulus package are timely measures that will benefit capital markets, said fund managers.
Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the total allocation of RM2bil under this scheme prioritised SMEs which have not received loans from banks previously.