KUALA LUMPUR: The new initiatives introduced in Budget 2013 that
relate to small and medium enterprises (SMEs) will help address the
SMEs' main concerns, a survey by the United Overseas Bank (M) Bhd shows.
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/10/5/business/12129411&sec=business
Published: October 05, 2012
The
UOB Malaysia SME survey 2012 found that two out of every three (66%)
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 Budget 2013 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 yesterday.
In
this regard, Budget 2013 initiatives such as the RM1bil SME Development
Scheme, the RM200mil Halal Industry Fund, the RM200mil 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 added.
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%) respondents, followed
by human capital expenditure (18%) and investment in advertising and
marketing (17%). Bernama
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