RM600mil available to be given as loans to local companies
KANGAR: Malaysian Industrial Development Finance Bhd (MIDF), the investment company of Permodalan Nasional Bhd (PNB), has about RM600mil to give out as loans to local companies.
Managing director Datuk Mohd Najib Abdullah said that MIDF had approved loans of RM11.3bil over the past five decades for the manufacturing and services sectors.
“Of this figure, RM25.7mil was given to 23 industries in Perlis, and for the northern region as such, a total of 1,100 loans amounting to RM1.4bil has been approved as of Feb 28 this year,” he told Bernama at the MIDF Entrepreneur's Symposium in conjunction with the Malaysian Unit Trust Week (MSAM) 2013.
Mohd Najib said the uncertain global economy had made local entrepreneurs cautious in taking out loans to expand their businesses.
“As such, in conjunction with the MSAM 2013 theme of Investments for 1Malaysia', MIDF wants to educate as well as raise the community's awareness level on entrepreneurship,” he said.
MIDF, at the MSAM programme which began yesterday, had invited a number of panel members and prominent entrepreneurs to share their experiences.
Among them are Datuk Mohd Yusof Mohd Haslam Khan, the managing director of Skop Production Sdn Bhd, and Datuk Che Umar Yatim, the proprietor of Pasaraya Borong Sakan Sdn Bhd.
MIDF was formed 53 years ago to hasten and develop the country's manufacturing and services sector by making available medium and long-term loans for small and medium-scale enterprises.
The company has three core businesses, namely, investment banking, financial development and assets management. - Bernama
Source : The Star
Date : 22 April 2013
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1 comment:
Going to college can be very expensive. With tuition and book costs every quarter, taking several loans can't be helped. money til payday
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