TM ONE/SME Bank’s tech funding

TM ONE is the business and public sector solutions arm of Telekom Malaysia Bhd (TM)

KUALA LUMPUR: TM ONE, the business and public sector solutions arm of Telekom Malaysia Bhd (TM) has signed a memorandum of understanding with Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) to provide technology funding to SMEs via the SME Technology Transformation Fund (STTF).

In a joint statement, TM ONE and SME Bank said the STTF is a fund set up between SME Bank and the Ministry of Finance to offer financing assistance of up to RM3mil to local SMEs, which is part of the National Economic Recovery Plan stimulus package. — Bernama