Sme Bank Customers, 3, 090 Customers, Opt For Relief

Sme Bank Customers, 3

3,090 SME Bank's customers opt for relief programme | Malay Mail

3,090 SME Bank's customers opt for relief programme | Malay Mail

1/10/2020 9:26:00 PM

3,090 SME Bank's customers opt for relief programme | Malay Mail

KUALA LUMPUR, Oct 1 — About 3,090 of SME Bank's customers, with a total financing of RM4.8 billion, have opted for its restructuring and rescheduling package offered under the SME Relief Programme (SRP). These micro, small and medium-sized enterprises (MSMEs) are from the tourism, education,...

Thursday, 01 Oct 2020 02:07 PM MYTEntrepreneur Development and Cooperatives Ministry Datuk Seri Wan Junaidi Tuanku Jaafar speaks during an interview in Kuala Lumpur April 1, 2020. — Bernama picKUALA LUMPUR, Oct 1 — About 3,090 of SME Bank's customers, with a total financing of RM4.8 billion, have opted for its restructuring and rescheduling package offered under the SME Relief Programme (SRP).

YOURSAY | Harapan-Mahathir formula tried and failed, time to move on Msia condemns growing int'l hostility towards Islam | New Straits Times Harapan to meet tomorrow in wake of PM's failure to impose emergency

These micro, small and medium-sized enterprises (MSMEs) are from the tourism, education, public transport, health and petrol station SME sector, and have met the SRP's criteria in line with the Entrepreneur and Cooperative Recovery Plan, said Minister of Entrepreneur Development and Cooperatives, Datuk Seri Wan Junaidi Tuanku Jaafar.

“With the assistance of the SRP, we can achieve stability in the entrepreneurial ecosystem, restore business operations and ensure that MSMEs remain competitive and sustainable post-Covid-19 crisis,” he said in a statement today.SME Bank group president and chief executive officer, Aria Putera Ismail said the SRP is formulated based on the needs and robustness of each customer's business cash flow.

He said the programme generally offers an extension of the existing financing period of 12 months.Of the total number of eligible customers, Aria Putera said 66 per cent received a moratorium extension of up to 12 months and 15 per cent received a six-month profit rate payment, while the rest have rescheduled their financing repayment.

“Various measures have been taken to ensure that every SME Bank customer gets clear information on the SRP assistance offered,” Aria said, adding that the SRP began after Bank Negara Malaysia’s automatic moratorium period ended on September 30.Those who wish for more information may visit the bank's official website, www.smebank.com.my or contact its Customer Service Centre at 03-26037700. — Bernama

Read more: Malay Mail »

Hold off elections for now, Health DG urges

PUTRAJAYA: Elections in the country should be put on hold for the time being as the Covid-19 situation is still at a severe stage, says Tan Sri Dr Noor Hisham Abdullah.

Malaysian Mega Sales Programme records RM50b in sales value, says deputy minister | Malay MailPUTRAJAYA, Oct 1 — The Malaysian Mega Sales Programme (PJM) 2020 launched in July has recorded almost RM50 billion in sales value. Domestic Trade and Consumer Affairs deputy minister Datuk Rosol Wahid said based on the response, PJM’s sales target of RM100 billion by the end of this year is...

Ministry targets RM100b in sales through Buy Malaysian Campaign, Mega Sales Programme | Malay MailKUALA LUMPUR, Oct 1 — The Ministry of Domestic, Trade and Consumer Affairs (KPDNHEP) is targeting product sales of up to RM100 billion by the end of the year in conjunction with the Mega Sales Programme and Buy Malaysian Products Campaign launched in July. Its minister, Datuk Alexander Nanta...

Bank Negara: Malaysia’s official reserves at US$104.41b as at end-Aug 2020 | Malay MailKUALA LUMPUR, Sept 30 ― Bank Negara Malaysia's (BNM) official reserves assets as at August 31, 2020 stood at US$104.41 billion (RM434 billion), in accordance with the International Monetary Fund’s Special Data Dissemination Standard (IMF SDDS) format. In a statement today, Bank Negara Malaysia...

Bank Negara: Strong liquidity available to support financial intermediation | Malay MailKUALA LUMPUR, Sept 30 — The banking system continues to record a strong liquidity coverage ratio (LCR) with excess liquidity buffers standing at RM220 billion. Bank Negara Malaysia (BNM), in its Monthly Highlights — August 2020 report released today, said ample liquidity in the banking system...

RHB Investment Bank upgrades Malaysia’s 2021 GDP growth forecast to seven per cent | Malay MailKUALA LUMPUR, Oct 1 — RHB Investment Bank Bhd (RHBIB) has upgraded its 2021 real gross domestic product (GDP) growth projection for Malaysia to seven per cent year-on-year (y-o-y) from four per cent y-o-y earlier. The revision in outlook was made after factoring in the assumption of mass Covid-19...

Singapore's central bank orders Wirecard to cease payment services, return customers' funds | Malay MailSINGAPORE, Oct 1 — Singapore’s central bank said yesterday it had directed embattled German payments firm Wirecard to cease providing services in the city-state and return all customers’ funds. “Wirecard SG has informed MAS that it is unable to continue providing payment processing services...