Bigger funds for Malaysian SMEs

THURSDAY, SEPTEMBER 27, 2012
Bigger funds for Malaysian SMEs

The Malaysian government is exploring measures to help small and medium enterprises (SMEs) improve their market access so that the SMEs can get export financing with more ease.

 

Speaking at a briefing after the Malaysia Exporters Market Access Solutions Forum, Deputy Finance Minister Donald Lim Siang Chai said: “We are looking at ways of increasing funding for Exim Bank and SME Bank. At the moment, the paid-up capital [of the two banks] is quite small.
“We have had a few discussions with the ministry so that more SMEs can get loans. These are areas in which we want to assist export-oriented businesses.”