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BNM allocates additional RM700 mil for SME automation, digitalisation facility - Vimarsana News

BNM allocates additional RM700 mil for SME automation, digitalisation facility

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 of up to RM3 million per SME and financing tenure of up to 10 years. “The financing rate is up to...

PM: Pemerkasa to have five initiatives to raise Malaysia's competitiveness | Malaysia - Vimarsana News

PM: Pemerkasa to have five initiatives to raise Malaysia's competitiveness | Malaysia

Wednesday, 17 Mar 2021 07:35 PM MYT BY KEERTAN AYAMANY A man watches a live telecast of Prime Minister Tan Sri Muhyiddin Yassin's 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 competitive globally. Muhyiddin said the initiatives would primarily increase foreign investments,...