Small and medium-sized enterprises (SMEs) play an essential role in the economic development of ASEAN countries. SMEs affect national GDP and create employment opportunities for the population. Malaysia is no exception. Past data shows that Malaysian SMEs have a significant impact on national economic development. And what about today? What …
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4 Reasons Why SMEs Should Consider Digital Debt Investment Financing
SMEs around the world, including Malaysia, face the same major issue: lack of financing. Without the necessary funding, SMEs find it difficult to grow. Many SMEs choose to apply for bank funds to secure working capital financing. While bank financing can be a good solution for SMEs, it isn’t always …
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Traditional Financial Institutions vs Digital Financing Platforms
Digital financing platforms are changing views on financing, both personal and business financing. These days, bank financing is no longer the only available choice for raising capital, especially for small and medium-sized enterprises (SMEs). Malaysia, in particular, has regulated digital financing – the first ASEAN country to do so, although …
4 tips to manage your business financing
Congratulations on securing financing for your business! You must be happy or excited or both. Financing means more opportunities to take your business to another level, right? Of course it does. But before you start spending, you need to have a well thought-out plan for what to do with the …
Calculating How Much Financing You Need
Every business needs plenty of funds and working capital to grow and evolve. There are many ways to get more working capital, from bank financing to debt financing. But how much more funding do you need, exactly? Calculating how much financing you need requires precision. You may be tempted to …
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4 Steps to Optimize Your Chance for SME Financing Approval
No matter the economic climate, whether bright or gloomy, SME owners should always manage their working capital well; sufficient working capital is the key to business development. But gaining more working capital is not easy, especially if you were thinking of applying for SME financing. Rejections may be a reality …
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The 5 Best Funding Options for SMEs
55% of Malaysian SMEs require more funds to operate their businesses. While bank financing can be a good option for SMEs to gain more working capital, there are now alternative funding options. Such alternatives are helpful for small businesses; if they are rejected by one investor, they can try another …
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How Debt Investment Financing Can Support Malaysian SMEs
Malaysian SMEs contribute to 33% of the country’s gross domestic product (GDP) and 58% of the national workforce. By 2020, Malaysia also aims to push SME contribution to GDP to 41% and SME contribution to national exports at 23%. Despite being the backbone of the economy and government ambitions to …
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SME Digital Financing: An Alternative Source of Capital for SMEs
According to a recent study by Deloitte and Visa, around 55% of SMEs in Malaysia need more capital to grow. Moreover, 58% of them decided to put off their financing proposals because they lack the bank requirements. Yet the bank funds available are not enough to cover the national need …