SMEs sceptical banks will heed government’s call to ease lending | Malay Mail

SMEs are the country’s biggest employers with up to seven million workers on its payroll. — Picture by Sayuti Zainudin

Lim also said banks shouldn’t categorise restructured loans from good borrowers as “non-performing loans”, a policy SMEs said mainly punishes smaller businesses and start-ups which often rely on flexible repayment for improve cash flow.Despite being the country’s biggest employers with up to seven million workers on their payroll, SMEs claim they receive little financial or technical support from the government despite the large federal budget allocated annually to support the sector.

“We need a special bank that can help SMEs which is under the PM’s office or MoF , but not under BNM,” he said.But BNM would likely discount the claim. In its 2018 annual report released in March, its survey showed most SMEs have no difficulty securing loans from commercial banks or other financial institutions.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

As economy recovers, Putrajaya urges banks to make loans easier for homebuyers, SMEs | Malay MailKUALA LUMPUR, June 19 — Banks should ease the process of providing loans to first-time homebuyers and small- and medium-sized enterprises (SMEs) to help the economy grow, the Ministry of Finance urged today. Its minister Lim Guan Eng also requested banks not to categorise business borrowers, who... After saying the economy of the country was doomed and negated a change in govt, in less than a year, the economy is hunky dory again. Were we duped in the 1st place? 🤦‍♂️ nurjannie Who says economy recovery,Jomo says hard times is coming Forceclosurse has increased to19k in first 1q compare to 28k for entire 2018, we not even into Q2... Get your facts straight.. ..
Source: malaymail - 🏆 1. / 86 Read more »