Two financing facilities to help SMEs weather hard times
Bank Negara will set up two financing facilities of up to RM1.2bil to help small and medium enterprises (SMEs) cope with the impact of higher costs due to rising prices. Prime Minister Datuk Seri Abdullah Ahmad Badawi announced yesterday that the RM700mil SME Assistance Facility and the SME Modernisation Facility with an allocation of RM500mil would commence on Aug 1.
The party starts today as Penang holds its three-day celebration over George Town’s listing as a Unesco World Heritage Site. The inner city was abuzz with activity yesterday as municipal council workers and inner city folk put up colourful banners and streamers at heritage areas to prepare for the big day.
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Bursa Malaysia Summary
| Composite: | 1137.36 | (-4.23) | (-0.37%) |
|---|---|---|---|
| Industrial: | 2443.47 | (-5.53) | (-0.23%) |
| Volume: | 583699 lots |
|---|---|
| Gainers: | 75 |
| Losers: | 193 |
| Unchanged: | 78 |
| Last Updated: Friday, July 25 2008 9:48 am | |
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