Page 2 - Digitalisation Facility News Today

It's unwise to pile pressure on the banking sector.

07 Apr 2021 / 17:02 H. KUALA LUMPUR: The government has approved a total of 7,266 applications for RM1.366 billion in loans under the Small and Medium Enterprises (SMEs) initiative of the National Economic Regeneration Plan (Penjana) as of March 19, 2021. Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz ( pix) said the government had allocated RM2 billion under the programme, which gave priority to SMEs that had never received a loan from a bank before. As of March 26, the Bumiputera Relie...

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz (pic) said among the funds are the Special Relief Facility (SRF), Automation and Digitalisation Facility (ADF), All-Economic Sector Facility (AES) and others. PETALING JAYA: The government is offering assistance from the Small and Medium Enterprise (SME) Soft Loan Fund of the National Economic Regeneration Plan (Penjana) which involves financing amounting to RM11.75bil to 24,824 SMEs that have received approval as of March 19,2021. Finance Mi...

Thursday, 01 Apr 2021 08:46 PM MYT Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz speaks during a press conference in Putrajaya March 18, 2021. — Picture by Miera Zulyana Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, April 1 — The government is offering assistance from the Small and Medium Enterprise (SME) Soft Loan Fund of the National Economic Regeneration Plan (Penjana) which involves financing amounting to RM11.75 billion to 24,82...

"With this addition the facility provided by Bank Negara for SMEs stands at RM6bil. "A fund totalling RM200mil under the Malaysian Industrial Development Finance (MIDF) is available for financing the development of automation, digitalisation and the usage of green technology. MIDF will also lower their interest rates from 5% to 3% for a period of 12 months effective April 1,2021," he said. Apart from that, Muhyiddin added that an additional allocation of RM50mil for the Smart Automation Grant u...

KUALA LUMPUR (March 17): Bank Negara Malaysia (BNM) has announced an additional allocation of RM700 million for the SME Automation and Digitalisation Facility (ADF), bringing the facility’s total allocation to RM1 billion. The ADF, which was established in March 2020, aims to encourage small and medium enterprises (SMEs) across sectors to automate processes and digitalise operations to increase productivity and efficiency. The ADF is open to all Malaysian SMEs, with a maximum financing amount...

Wednesday, 17 Mar 2021 07:35 PM MYT BY KEERTAN AYAMANY A man watches a live telecast of Prime Minister Tan Sri Muhyiddin Yassins speech in Kuala Lumpur January 12, 2020. — Picture by Miera Zulyana Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, March 17 — Prime Minister Tan Sri Muhyiddin Yassin today announced five initiatives under the Strategic Programme to Empower the People and Economy (Pemerkasa) aimed at making Malaysia’s economy more...