KUALA LUMPUR, Oct 4 (Bernama) -- The new small and medium-sized
enterprises- related initiatives introduced in 2013 Budget will help
address SMEs' main concerns, a survey by the United Overseas Bank
(Malaysia) Bhd shows.
Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=699620
Published: October 05, 2012
The UOB Malaysia SME survey 2012 found that two out of every three (66
per cent) survey respondents planned to expand their market reach over
the next three years but to do so they need improved access to
financing.
"We expect the 2013 Budget SME initiatives to help Malaysian SMEs tap
into additional opportunities available as part of the Economic
Transformation Programme (ETP)," said Wong Kim Choong, Chief Executive
Officer of UOB Malaysia, in a statement today.
In this regard, 2013 Budget initiatives such as the RM1 billion SME
Development Scheme, the RM200 million Halal Industry Fund, the RM200
million Intellectual Property Financing Fund and provision of loans for
modernisation of small businesses would provide more financing options
to support SMEs with their expansion plans, he said.
"At UOB, we are already seeing an increase in demand from our SME
customers for contract financing for the ETP projects," he said.
Capital expenditure (plant, property or equipment) was ranked by the
survey as the most significant investment or expenditure that will be
made by Malaysian SMEs in 2013 by one in every three (33 per cent)
respondents, followed by human capital expenditure (18 per cent) and
investment in advertising and marketing (17 per cent).
-- BERNAMA
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