GENERAL

SMIDEX 2017 – Take Advantage of Budget 2018 Offerings, SMEs Told.

 |  Friday, 17 November 2017 12:14  |  Published in GENERAL

Small and Medium Enterprises (SMEs) should capitalise on various funds provided in Budget 2018 to expand their business, urged Prime Minister Datuk Seri Mohd Najib Razak.

Small and medium enterprises (SME) have received considerable attention from the government which has set aside RM20 billion under the 2018 Budget for the development purposes of the industry,

Think IoT To Stay Ahead

 |  Friday, 17 November 2017 12:11  |  Published in GENERAL

Local companies and small and medium-sized enterprises (SMEs) to consider the Internet of Things, or IoT solution as a tool to drive growth, said Datuk Seri Mustapa Mohamed, Minister of International Trade and Industry.

“I encourage more local companies, SMEs and start-up technopreneurs to explore the adoption and implementation of IoT as a means to add value in their products and services as well as to increase productivity and efficiency towards scaling up their businesses,” said the Minister of MITI at the seminar on IoT Malaysia 2017 co-organised by the Malaysian Investment Development Authority (MIDA) and Intel yesterday at MITI.

CIMB receives approval to operate a bank branch in the Philippines 

 |  Friday, 17 November 2017 12:09  |  Published in GENERAL

CIMB Group announced that its subsidiary, CIMB Bank Berhad has received approval from the Monetary Board of the Bangko Sentral ng Pilipinas to operate a branch in the Republic of the Philippines. The first retail branch is expected to be fully operational by the fourth quarter of 2018. 

Following the banking sector liberalisation in 2014, CIMB Bank is the first Malaysian banking group to be granted BSP’s approval to operate under Republic Act No. 10641, an act that allows the entry of foreign banks into the Philippines through the establishment of wholly-owned operations with full banking authority. 

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