CIMB on track to disburse RM15b to 100,000 SMEs in Malaysia
Going beyond banking, refreshed proposition supports the national aspiration to build SME sector, the bank says
KUALA LUMPUR, Sept 25 (Bernama) — CIMB Bank Bhd and CIMB Islamic Bank Bhd are on track to disburse RM15 billion to SMEs in 2019 – 2020, far higher than the RM3.9 billion provided to Malaysian SMEs for the six-month period ending June 2019.
Tengku Dato’ Sri Zafrul Aziz, Group CEO, CIMB Group says, “With SMEs currently contributing more than one third of Malaysia’s GDP, banks have a responsibility to grow this sector, and to support the National Entrepreneurship Policy’s objective to have SMEs contribute 50% to the GDP by 2030.
“We have deepened our understanding of our customers, their pain points and how best to transform their journey with CIMB. Hence, the three pillars in our new SME proposition represent all the support that our SME customers need, not just in financing, but also in terms of business solutions that support their growth. Beyond financing, our support comprises knowledge-sharing and strategic partnerships, so that SMEs, start-ups and entrepreneurs can develop and scale up systematically.”
In facilitating SMEs to scale up regionally, CIMB’s partnership with Axiata Digital Capital provide 700,000 SMEs in Malaysia and Indonesia with access to financing solutions.
CIMB is also in collaboration with CapBridge Pte Ltd to facilitate SMEs’ capital raising by CIMB. Further, with the world’s demand for halal products and services far outstripping supply, CIMB’s strong global network and well-established ASEAN-China Halal Corridor provide SMEs with the perfect platform to access the halal market.
For this and other business needs, in collaboration with Credit Guarantee Corporation (CGC), CIMB Islamic has allocated RM2 billion unsecured Shariah financing; as well as micro financing to small business owners via the imSME, Malaysia’s first SME financing/loan referral platform, managed by CGC.
Customers now have access to micro financing via imSME at 10 selected branches from September onwards with the aim of making this available nationwide by year-end.
“As an ASEAN multinational with a strong regional footprint, we are well-positioned to support SMEs that wish to take advantage of this market with its 648-million population,” adds Tengku Zafrul.
In support of Malaysia’s national aspiration to nurture entrepreneurs, CIMB has committed to hold at least 1,000 talks in 2019, with 550 sessions held year-to-date, and with around 60 of these talks held in September alone, in conjunction with Bank Negara Malaysia’s SME Month.
CIMB’s complimentary talks feature key tips and advice on running a successful SME, covering topics such as credit score, forex hedging, as well as growth opportunities afforded by digital, big data, e-commerce and communications.
To date, over 4,000 SME business owners have benefitted from such talks.
CIMB’s refreshed SME proposition forms part of CIMB’s current mid-term growth plan, Forward23. For more details, customers can visit https://cimbbank.com.my/smebanking
‘Compost. Plant. Reduce’ is a sustainable way to the future
- Food Waste Compost Machine as permanent food waste management fixture in Sunway Pyramid
- An estimated 879 tonnes of food waste to be alleviated from landfills annually
- Food waste management initiative officiated by YB Michelle Ng, State Assemblywoman of Subang Jaya
Kuala Lumpur, 19 September 2019 – In line with the United Nations Sustainable Development Goals – Sunway Pyramid, Sunway Real Estate Investment Trust (REIT) and Sunway Resort Hotel & Spa are joining forces to help ease the issue of food waste in Malaysia by introducing Food CPR – COMPOST. PLANT. REDUCE.
The initiative has the support of the Sustainable Development Department of Sunway Group,
Sunway City started reducing food waste with the help of an on-site compost machine by MAEKO, a Malaysian outfit that will be highlighted at the UN Solutions Summit in New York next week.
The Food CPR campaign takes priority in educating shoppers on the impact they have on our environment. How can you make a difference? Here are a few tips.
- Shop smart and reduce waste by not ordering more than what you need.
- Save leftovers for later
- Keep track of what you dispose of
- Start using compost when you garden
The on-ground event will be held from now until 6 October 2019 at LG2 Central Avenue. Shoppers will be able to participate in potting workshops which include seed planting and decorating their own pots. There will also be a dispenser for compost collection to be used for gardening and planting. Shoppers will also be able to redeem various seeds by simply downloading the Sunway Pyramid Mobile App.
The campaign was officiated by YB Michelle Ng Mei Sze, State Assemblywoman of Subang Jaya along with Dato Jeffrey Ng, Chief Executive Officer, Sunway REIT Management, Mr HC Chan, Chief Executive Officer of Sunway Malls & Theme Parks, Mr. Kevin Tan, Chief Operating Officer, Sunway Malls, and Mr. Andre Scholl, Chief Executive Officer, Sunway Hotels & Resorts.
In a media release, the group says research shows that Malaysians contribute to more than 16,000 tonnes of food waste daily, enough to feed 12 million hungry mouths three meals a day. The shocking figure continues to worsen during the festive seasons by 15 to 20 percent.
This initiative will kickstart the reduction of food waste in Sunway City. To date, the Food CPR campaign has garnered a total of 35 supporting partners for this initiative. In the long run, Sunway hopes that more brands will come on board to lessen their food waste.
Separately, Sunway Resort Hotel & Spa’s own compost machine converts food waste from its three (3) cluster of hotels located in Sunway City. Since July 2019, a total of 5.9 tonnes of food waste has been converted into compost; by the end of 2019, the hotel expects to compost 20 tonnes of food waste collected from its kitchen. Currently, the hotels’ compost is used around Sunway City’s landscape with further plans for distribution and utilization to be launched in year 2020.
“Sunway Group is committed to advancing the United Nation’s Sustainable Development Goals, one of which is halving Malaysia’s food waste by 2030 – a pledge made by our local government. If we, the nation, continue at our current rate, this pledge would not be met. The Food CPR campaign is one of our clear commitments to changing food waste habits in Malaysia,” said Dato’ Jeffrey Ng, Chief Executive Officer of Sunway Real Estate Investment Trust.
Research shows that Malaysians contribute to more than 16,000 tonnes of food waste daily, enough to feed 12 million hungry mouths three meals a day.
“We recognise that it requires a joint effort from both the private and public sectors when it comes to creating sustainable change within the community. Hence, the Food CPR campaign is built to be a long-term campaign dedicated towards the issue of food waste and will feature a Food Waste Compost Machine as a permanent fixture in Sunway City Kuala Lumpur,” said HC Chan, Chief Executive Officer of Sunway Malls & Theme Parks.
Sunway Pyramid collects 2.4 tonnes of food waste daily and up to 829 tonnes annually. With this campaign, Sunway Pyramid aims to significantly reduce this amount of food waste from going to landfills. Sunway Pyramid will also be able to produce compost with the food waste composting machine that is complimentary for the public to collect during the on-ground event or at the permanent pocket area located at B1 in the mall. The compost produced will be ready to use two weeks after being mixed in garden soil. This allows the compost to condition beforehand.
|Auntie Anne’s||Fong Lye||Sakae Sushi|
|Bar B Q Plaza – I||Gong Cha||Secret Recipe|
|Boost Juice Bar||Haagen Dazs||Spag N Jus|
|Bread Story||Haidilao Hotpot||Sushi King|
|Canton-I Garden||I Love Yoo||The Chicken Rice Shop|
|Cinnabon||Ippudo||The Coffee Bean & Tea Leaf|
|Din Tai Fung||Juice Works||The Manhattan Fish Market|
|Dubu Yo||Kyochon||Village Roast Duck|
|Dunkin Donuts||McDonald’s||Yoshinoya Hanamaru Udon|
|Esquire Kitchen||Pizza Hut||MAEKO|
To learn more about this initiative, watch this. Tips and tricks on how to go green while shopping can also be found here, and for more information on how to compost at home, please watch this video.
Stay tuned to Sunway Pyramid’s social mediums for more information or visit www.sunwaypyramid.com / call 03-7494 3100.
Follow Sunway Malls on these social media platforms:
Sunway Pyramid Facebook – www.facebook.com/sunwaypyramid
Instagram – @Sunway_Pyramid
Mobile App – Sunway Pyramid on AppStore & PlayStore
Sunway Malls is gearing to be amongst Malaysia’s largest mall owner-operator as existing projects and those in the pipeline now stand at 7.7 million sqft NLA and that figure is planned to be increased to 10.2 million sqft NLA in the near future. The malls are:-
- Sunway Pyramid, Sunway City, Kuala Lumpur
- Sunway Velocity Mall, Kuala Lumpur
- Sunway Big Box, Sunway Iskandar, Johor
- Sunway Putra Mall, Kuala Lumpur
- Sunway Carnival Mall, Penang
- Sunway Citrine, Sunway Iskandar, Johor
- Sunway Giza Mall, Kota Damansara
Why did Dr Mahathir make a U-turn on mega-Malay party?
This is how Dr Mahathir Mohamad shook the Pakatan Harapan government in its foundation, creating a wave of anger and fear among the leaders.
Already shaken by the gay-sex tapes and a series of rape-corruption-sexual harassment accusations, the Pakatan did not need Dr Mahathir’s call for Malay parties to dissolve and join his party, the Bersatu.
But pressed by the Pakatan leadership, it appears Dr Mahathir made a massive U-turn in the mega-Malay party saga.
However, sources say everything is still out in the open on the dissolution of some parties or the simple formation of a coalition of Malay parties, soon.
If Dr Mahathir wanted to rally the Malays together in unity under the aptly called ‘Bersatu’ party, it failed.
AN ALLIANCE OF MALAY PARTIES?
There are other ways to gather the Malay MP’s together in Parliament. An alliance of Malay parties could be the case and this is still a thorn in the Pakatan’s future.
If all Malay-based parties are to join forces in Parliament (for some reason), They will command numerous seats.
Bersatu has 26, PAS 18, Umno 37, Amanah 13 and Warisan will give such an alliance 100 seats or more.
This is not enough to topple the Pakatan Harapan, if that was the intended aim.
But what if some PKR Malay or Bumi MP’s jump ship to the Bersatu? They will need at least 12 such MP’s to have a majority in Parliament.
With the Pakatan in tatters, the PKR in shambles after the gay-sex video and Azmin Ali losing his grip on the party the chances of a break-up of the PKR is real.
But knowing Dr Mahathir, he is not in favour of an all-Malay government.
Breaking the PKR and extracting the Malay MP’s from it will not help Dr Mahathir’s plans.
It will divide Malaysia right in the middle just like the events preceding May 13 did, that is a divided country with two major ethnic groups pitted against each other.
Dr Mahathir did say in interviews he is against an all-Malay/Bumi government and Malaysia needs all communities to work together to succeed.
Hence, the belief that he may have called for Malay parties to join Bersatu or dissolve into Bersatu may not have the intended consequence.
He may have said that to rally the Malays to his cause and nothing more than that.
But the U-turn he made last week after the Pakatan Harapan leadership meeting shows he was under pressure to change his statement.
He is now saying Malay MP’s may join any Malay parties they want; they are free to do so.
But then, no one understands or knows what really motivated Dr M on this issue!
Mahathir and Anwar has to cut loose the rotten apples
PM Dr Mahathir Mohamad and Anwar Ibrahim have to cut loose the dirty baggage they carried in the Pakatan Harapan.
When Dr Mahathir came to Anwar at the courts to shake hands and reconnect, it was for a new Malaysia. Shortly after they sat down to lay out the strategy to defeat Barisan Nasional.
There was one aim and it was to rid the country of then Prime Minister Najib Razak.
But Pakatan Harapan is nothing like Barisan Nasional and it has an agenda, a reformasi agenda.
An agenda not shared by some in the PH whose mindset is still within the framework of the BN’s agenda.
They are still fresh from the Umno and has no idea what ‘reformasi’ is. A deep look on social media will show how innocent and naive the newly-minted Pakatan supporters are.
The naivety of the supporters does not make or direct the making of policies Policymakers and lawmakers craft them in Parliament.
In the case of the Pakatan Harapan, Dr Mahathir came with his own backlog of rotten tomatoes.
They appear to have successfully spread the rot to other members of the PH. Mainly in the PKR and for all you know, they may also have spread this to other component parties.
The problem in the Pakatan is the baggage brought by the Bersatu, Dr Mahathir’s party and the apples that got rotten in the PKR.
One must recognise the ‘honesty’ of the Bersatu members. They want contracts, handouts and positions to compensate for their recent sacrifices after enjoying all the privileges under the BN.
But these members, as naive as they are, can still be put under control. In the nicest terms that Dr Mahathir got them to understand that their contribution against kleptocracy will be part of their legacy.
However, there are some powerful manipulators who are running amok in the corridors of power.
They are both in the Bersatu and the PKR. Give them the boot or correct them before they deepen the corruption of both parties.
It is their resistance to reforms that are killing the PH and it is breeding a culture of dirt throwing. There is a systematic diversion of facts that is trickling down to the population. People see it as the incapacity of the PH to deliver on its promises.
Bersatu has some strong men and women in their midst. PKR too has some strong figurehead.
These strong men and women should take the lead and rally behind their leaders. They must speak the same language of truth.
They (MP’s and Ministers) should press on for reforms without fear or favour.
Instead, we see some of them clinging to their ministerial posts and attacking the leadership on a daily basis.
They blame their incongruent behaviours on the promises of freedom of expression. Manipulating it in their favour and hoping the two leaders on top close their eyes and leave them in peace.
The people did not vote for PH on this basis. They voted PH in to bring a better life for them. To achieve that, PH must bring in the much-needed reforms.
PMO approves return of BioECorp under MESTECC
According to sources, the Prime Minister’s office has decided to reverse a decision on BioECorp.
The organisation is now under the Ministry of Agriculture but a memo sent to PM Tun Dr Mahathir Mohamad urged the PMO to invalidate the change.
They want it back to the MESTECC and a letter from the PMO suggests Dr Mahathir’s approval in principle for the move away from the MoA.
The source told The Independent Malaysia the PMO has effectively reversed the decision but there are hurdles.
“Dato’ Badariah, SUSK YAB PM issued a letter to both MoA and MESTECC informing of the PMO’s decision and instructed the relevant parties for the necessary actions to be taken.
“The instructions were copied to KSN. KSN is now asking for justification from MESTECC on why they want BioECorp to return to them,” says the source.
The source says the move to the MoA was wrong because bio-economy has a lot to do with science and it is appropriate for the organisation to be under MESTECC.
“We do not understand why it is going through a lot of queries when the PMO has already given its approval on the matter,” says the source.
Read our story on how Bio-Xcell burnt Rm470 million of public money
Video Lucah: Not Azmin’s first
A source told The Malaysian Insight once the sex clips are authenticated and those in them identified, the police will go after those featured in clips for unnatural sex.
This is the important element in the story which talks of political ploy and the involvement of a senior PKR man in position in the distribution of the tapes.
Officially, the police did not say anything about the actors in the tapes, focusing their statements on the violation of laws in the distribution of the tapes.
The Insight story says there are different parts to the investigation.
“Part 1 of the investigations now is on the distribution of obscene material, an offence under Section 292A of the Penal Code, for which the nine are being investigated,” it says.
But Anwar Ibrahim says the priority for the public is to find out who are in the tapes and whether the tapes are genuine.
Anwar is yet to speak on Bersatu man Khairuddin Hassan who said if the Azmin tapes are to be verified and the actors determined, the same should be done for Anwar’s tapes.
Nevertheless, Insight source says behind this mastermind is ‘someone’ in the party.
“We believed the motive is to try and bring down the minister,” a police source told The Malaysian Insight.
Another source said everything in this case points to the involvement of those from one party, which he didn’t want to identify.
“The underlings in that party won’t come out with such a move. Obviously, there is someone behind them.
“This is not rocket science. This is purely politics,” he said.
Najib gives gifts to royals, people pay for it?
Najib Razak says he paid for gifts to a royalty whose name he did not mention, adding that usually government pays for these.
If we understand the statement on Facebook, it is alright for Najib to spend millions in his credit cards to buy gifts for people.
is it also expected that government would refund such expenses?
How does it work exactly and who hands over the gifts?
In a letter he published on his Facebook page, the thanks went to his wife and ex-Flom Rosmah Mansor.
It was not a thank you to Najib or to the Malaysian government.
Did these royals think the gift was from the Najib’s or from Najib’s wife?
This is what it looks like based on the Facebook post by Najib who wanted to defend his spending of the RM3.3 million in one day.
Najib insists that Pakatan Harapan cannot be trusted.
He says people should not take the information publicised by PH as 100% real and it has selective targets.
That is why he wants his case to be transmitted live for the people to see and know the truth.
“Tapi PH tak mahu – PH do not want,” he says.
He adds this explanation will not be picked up by the television stations in Malaysia.
Fine. He is trying to say he is vindicated every time PH throw a ‘lie’ about him.
But the question remains: Was the money he spent paid by money from SRC or from 1MDB?
On that, he is very silent! Why?
Infighting in PKR takes another turn with secrecy on sex-video
The fight in the PKR is becoming more obvious with days going by and no resolution in the video scandal implicating Economic Affairs Minister Azmin Ali.
PM in waiting, Anwar Ibrahim says people want to know if the sex video implicating Economic Affairs Minister Azmin Ali is authentic.
But police says it has a report on the who are in the videos but will stay tight lipped on it and wait for the courts to decided.
The police statement prompted Najib Razak to ask why the secrecy?
Police now say they are investigating if a Selangor state assemblyperson is involved in circulating the sex video.
But Anwar is right. Everybody wants to know who was responsible for leaking it and is the video genuine?
“There are two phases – one is whether the video is authentic and secondly, who circulated it. The people want to know both of these,” Anwar says.
Azmin did not relent on attacks against Anwar Ibrahim. He is publicly showing he is a contender to the post of PM, which may go to him if Anwar is not careful and do not plan his move with great strategies.
There is nothing given in this world, certainly not when your deputy is harping against you on every street corners.
Which is a pity because Azmin is a member of the PKR but he is not the owner of the party.
The minister should also realise the post of PM is not a certainty for him too. He may be a pawn in a game played by some at the highest level of power to stop Anwar from becoming PM.
SCMP says Azmin viewed as next PM: Why no denial?
South China Morning Post today says Azmin Ali, the Economic Affairs minister embroiled in a gay-sex video scandal is ‘viewed by some as Prime Minister Mahathir Mohamad’s preferred successor”.
Last month, The Star in Kuala Lumpur said leaked sex videos purporting to show a potential successor to Dr Mahathir with another man have deepened rifts within the ruling coalition and raised concerns of a turbulent transition from the 93-year-old leader.
The Star however says Azmin denied being in the video, which is not the case. There is no where in any statements that Azmin says he is not the man.
But the local daily says Azmin is said to be close to Dr Mahathir.
The Hong Kong based paper, SCMP, says Azmin the deputy president of the Parti Keadilan Rakyat (PKR, or National Justice Party), which is led by Anwar Ibrahim, 71, sparred publicly with his leader over a range of issues.
Note that the latest Azmin attack against Anwar is his support for Dr Mahathir’s son Mukhriz who said there is no timeline for the PM to hand over power to Anwar.
Anwar is poised to succeed Dr Mahathir, 94, as prime minister at some point during the current electoral term but the handover is fraught with challenges for Anwar as Dr Mahathir is not seen playing the game fairly despite numerous statements from him that he will keep a promise to Anwar to hand over to the latter.
“However, Mahathir last year handed Azmin, 54, control of a powerful new ministry overseeing major state-owned companies, fuelling reports of a rivalry between Anwar and Azmin,” wrote SCMP.
On the other hand, The Star says the gay-sex video episode has sharpened focus on whether Dr Mahathir will stick to the promise before last year’s general election to hand over power to Anwar.
It says this is precursor to a potential for political instability in Malaysia.
The question the people and the grassroots in Pakatan Harapan is asking is why did Dr Mahathir or Azmin Ali not deny such allegations of Azmin getting ready to be next PM and that the PM has his preference for Azmin?
This is not a healthy situation because it causes what The Star says, political instability but also festers economic uncertainty.
We know Dr Mahathir is sharp and pretty fast in responding to assertions that are not true or perceived to be true.
Why the silence on claims that Azmin is in a tussle against Anwar on the PM post?
Why no funny and sarcastic remarks by Dr Mahathir on Azmin eyeing the PM post with his tacit backing?
No reporters out there dare ask the real and the right questions?