Hong Leong Bank (HLB) has been named the "Best SME Bank in Malaysia" at the prestigious Euromoney Awards for Excellence 2024. This accolade follows the Bank’s recent win at the Asian Banking & Finance Retail Banking Awards 2024, solidifying HLB’s reputation as a key partner for SMEs in today’s...
Boost has become the first fully digital financier in Southeast Asia to secure an investment-grade A1 rating from RAM Ratings for its maiden tranche of Senior Class A Medium Term Notes (MTN) of securitised financing receivables. The rating underscores Boost’s capabilities and competencies in accelerating financial inclusion through Boost Credit...
The biggest impediments to digital transformation for SMEs include high costs, insufficient skills, a lack of understanding of government support as well as high implementation costs. The global pandemic's economic uncertainty has exacerbated these problems with cost remaining the Number One challenge. Additionally, the pandemic has presented Malaysian businesses with...
Digital transformation is critical to the sustainability of a corporation. The advent of working from home means that businesses must be nimble and adapt to the fast-changing market landscape to remain productive and sustainable. For SMEs looking to digitally transform their businesses, fortunately, now the cost has gone down significantly,...
CzipLee, a family-owned SME business that has been operating since 1968, has undergone significant growth and transformation over the years. Starting as a modest sundry store in Kajang, Selangor, the business gradually expanded and now offers a wide range of products and services. With a focus on providing personalized and...
Capital Markets Malaysia, an affiliate of the Securities Commission Malaysia, has launched a Simplified ESG Disclosure Guide (SEDG), making Malaysia the first country globally to provide SMEs within global supply chains with a streamlined and standardised set of guidelines in relation to environment, social and governance (ESG) disclosures. The SEDG consolidates...
SMEs have benefited from better access to financing through initiatives such as the Malaysia Co-Investment Fund (MyCIF). Since its inception in 2019, MyCIF has facilitated aggregate disbursements of RM250 million, which have been recycled to RM930 million, benefiting 54,695 ECF and P2P financing campaigns. These efforts have attracted private investment...
  The services sector continues to lead growth among SMEs. At the recently held Golden Bull Award 2024, 65.3 percent of all the winners were from the services sector, including retail and wholesale, professional and business services, IT, and education.  The manufacturing sector accounted for 23.9 percent of the winners, with...
As upskilling tops the business agenda for companies in Singapore, seven in ten (68%) SME employers say that they require more support in the form of training resources. One in two (50%) of SME employers cite 'the lack of budget' as the key challenge in upskilling their workforce. These are...
TikTok Shop, the newest e-commerce solution from the short-form mobile videos platform, TikTok, has been launched in Malaysia. TikTok Shop is a part of TikTok's plans to support local SMEs and provide a platform that brings together online sellers, buyers, and creators under one roof. This will benefit those who...
Political stability, economic certainty keys to retail sector revival Driven by continued global uncertainty, including a potential escalation of the Russia-Ukraine War, tension in the Taiwan Strait and a prolonged sell-down in most bourses; retailers are expecting a difficult year ahead. This insight follows SAMENTA’s two recent surveys, a Mid-Term State...
ANEXT Bank, a digital wholesale bank and subsidiary of Ant Group, is marking its one-year anniversary since its launch in June 2022. The bank has successfully stayed true to its mission of catering to the underserved financing needs of SMEs, while making financial services accessible and effortless for them. ANEXT...

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