Wednesday, July 6, 2022
Boost has introduced the Accelerated Boost Star Earnings promotion, with over 100 million Boost Stars available for its subscribers throughout the whole month of June. Malaysians can use the Boost Stars to enjoy direct discounts of up to RM10 on each household bill, claim up to RM210 credit for daily...
  CIMB Bank Bhd and CIMB Islamic Bank Bhd have committed RM100 million in financing through the Low Carbon Transition Facility to encourage SMEs to adopt low carbon and sustainable practices for business resilience. This facility is part of the LCTF financing scheme established by Bank Negara Malaysia (BNM) in January...
Alliance Bank Malaysia Bhd (Alliance Bank) is optimistic of providing an additional RM200 million in digital loans this year to help SMEs overcome the pandemic challenges and grow their business. Eligible SMEs can obtain up to RM500,000 collateral-free financing via a simple online process that only requires the submission of...
CTOS Data Systems Sdn Bhd, the wholly owned subsidiary of CTOS Digital Bhd, has reached the milestone of two million CTOS self-check subscribers. Barely two years since reaching the one million mark, the number of subscribed consumers has doubled, proving that consumers are taking their financial health much more...
Funding Societies has introduced its Shariah-compliant trade financing solutions based on Commodity Murabahah (Tawarruq) for creditworthy and underserved Malaysian SMEs seeking to grow their business as the country reopens its economic sectors. The introduction of Shariah-compliant financing complements Funding Societies’ existing broad range of financing products to serve creditworthy SMEs...
Affin Bank Bhd has won Outstanding Digital CX for Financial Inclusion for their SME Colony mobile app at the Digital CX Awards 2022. This win marks the third consecutive recognition from the Digital CX Awards for the bank’s capabilities in serving  SMEs digitally. Organised by The Digital Banker, the coveted...
Grab Financial Group (GFG) will be combining its payments and financial services features into a new brand called GrabFin. The company said in a statement that GrabFin offers users a single entry point to access payment, investment and insurance services on the Grab application. “GrabFin also represents GFG’s commitment to empowering...
With prolonged global trade disruptions accelerating the demand for digital services to strengthen supply chains, DBS is intensifying its efforts to digitalise financing capabilities offered through trade platforms, potentially benefiting more than 15,000 SMEs across Asia by end of 2022. According to the DBS Digital Readiness Survey, 97% of businesses...
  Prime Global Finance Corporation (PGFC) — one of the first private lending companies of its type in The Philippines — has recently launched its fully automated and digital loan application process for its clients. PGFC started primarily to support vendors and suppliers who were doing business with the Hortaleza Group...
Bursa Malaysia Bhd and CIMB Group Holdings Bhd are collaborating to accelerate the adoption of environmental, social and governance (ESG) practices among Malaysian public listed companies (PLCs) through the #financing4ESG initiative. Through this MoU, CIMB will become the first home-grown bank to collaborate with the exchange on #financing4ESG. CIMB will...
S&P Global Ratings (S&P) said Malaysian Islamic banks may take a bigger hit from Covid-19 because of their retail-focused business profile and inflexibility to adjust interest rates for relief loans. The credit rating agency said in a report that the recovery from Covid-19 among the Islamic banks in Malaysia has...
Funding Societies (Modalku in Indonesia), was officially launched in Vietnam yesterday, marking its fifth market expansion. Addressing the SME financing gap in Vietnam, where the SME landscape is growing yet financially underserved, the move is a natural next step for the fintech company as it pushes further into Southeast...

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