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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).

Business

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.

Business

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.

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.

Business

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.

Business

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.

Business

Need for private bond guarantee market

PETALING JAYA: The idea for a private bond guarantee market has surfaced following good response from potential bond issuers to the newly set-up financial guarantee insurer (FGI), Danajamin Nasional Bhd.

Business

DAGS-i seen to guarantee RM500mil worth of loans

Credit Guarantee Corp Malaysia Bhd (CGC) expects its syariah-compliant Direct Access Guarantee Scheme-Islamic (DAGS-I>i/I>) to guarantee RM500mil worth of loans next year, said managing director Datuk Wan Azhar Wan Ahmad.

Business

CGC revises guarantee scheme to help SMEs

CREDIT Guarantee Corp Malaysia Bhd (CGC) has revised its Islamic Banking Guarantee Scheme (IBGS) to allow small-and medium-scale enterprises (SMEs) to obtain maximum financing of up to RM10mil.

Banking

CGC to develop credit guarantee framework for SMEs in Rwanda

KUALA LUMPUR: Credit Guarantee Corp Malaysia Bhd (CGC) and the Business Development Fund (BDF) of Rwanda has signed a memorandum of understanding (MoU) to collaborate on the development of credit guarantee framework for small and medium enterprises (SMEs) in Rwanda.