Thursday, June 24, 2021
DHL Express will invest RM11 million to construct the Southern Malaysia Gateway in Johor. The gateway will be purpose-built to meet the growing demands of Malaysia’s logistics sector, especially within the southern region. DHL will equip 50,000 sq ft of warehouse space at the facility. It will also serve as...
Southeast Asia’s largest P2P lending platform completes largest funding round in Southeast Asia. Leading peer-to-peer (P2P) financing platform in Malaysia, Funding Societies, has raised RM100 million in Series B funding. The funding round was led by Softbank Ventures Korea. Other participating organisations include existing investors, Sequoia India, Alpha JWC Ventures (Indonesia) and...

A Faster Payment Platform

Bank Negara Malaysia (BNM) plans to modernise Malaysia’s retail payments. The central bank is helping to build a payment platform to facilitate and drive innovation in e-payments. Known as the Real-time Retail Payments Platform (RPP), it will deliver a quantum leap in e-payment value proposition and drive e-payment adoption. Through...
Fundaztic, a P2P financing platform in Malaysia, reached an important milestone: having served 100 SMEs. The young company is now targeting to serve 500 SMEs by year end. The fully digital financing platform enables SMEs to secure business funding from retail and institutional investors through crowdfunding anytime, anywhere across...
Singapore, as ASEAN Chair for 2018, has lined up plans to launch initiatives and various projects to improve the livelihood, well-being and welfare of the ASEAN community, said Minister of Social and Family Development Desmond Lee at the 19th meeting of the ASEAN Socio-Cultural Community (ASCC) Council. According to Lee,...
Indonesian banks will see “more than 12 per cent” loan growth in 2018 thanks to a recovering global economy and a pick-up in commodity prices, says its Financial Services Authority (OJK). Its head Wimboh Santoso expressed confidence that the sluggish bank lending that has hobbled Indonesia was coming to an...
SMEs recorded a total of RM901,200 in sales at the Malaysian International Furniture Fair 2018 (MIFF) and Export Furniture Exhibition 2018 (EFE). Meanwhile manufacturers at MTC’s Export to Asia Pavilion chalked up sales of RM1.73 million. They were sponsored by the Malaysian Timber Council (MTC). Since 2015, MTC has sponsored special...
DHL Express has launched its first passenger-to-freighter Airbus A330-300 in Malaysia at its Penang Gateway. The company is also hoping to deploy at least three more A330-300s as regional and global e-commerce volumes grow. Malaysia will be the first country in the world to operate the first of four A330-300s that...
The e-commerce sector has contributed RM74.6 billion, or 6.1 per cent to the gross domestic product (GDP) in 2016. International Trade and Industry Deputy Minister, Datuk Seri Ahmad Maslan said on Wednesday that the sector has recorded significant growth in 2016 from RM68.3 billion, or 5.9 per cent in 2015. He...

RM741M Financing for SMEs

SME Bank plans to distribute a total of RM741mil worth of new loans to entrepreneurs. This is part of the bank’s ongoing engagement sessions with small and medium-sized enterprises (SMEs). CEO (Banking) Datuk Kamaluddin Ismail announced that this amount was 30 per cent higher compared to the total loans of RM570...
Leading SMEs registered 14.54% revenue growth, 6.93% profit growth Kuala Lumpur, 8 December 2017 The small and medium enterprises (SME) sector in Malaysia remain buoyant, with participants of the SME100 survey registering a 14.54 percent growth in revenue and a 6.93 percent growth in profit. This contrasts sharply with the GDP...
BY DATO’ WILLIAM NG, EDITOR-IN-CHIEF, SME MAGAZINE The Budget 2018 is a balanced budget, and the general public would have plenty of reasons to cheer. For small and medium enterprises (SMEs), it is mostly good news as the Budget 2018 (finally) addresses many of the issues facing SMEs. The two key challenges for...

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