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FMM Press Statement: Financing Schemes for SMEs by OCBC and CIMB Banks

Kuala Lumpur, December 17, 2018 – The Federation of Malaysian Manufacturers (FMM) through its Penang Branch has engaged with the OCBC and CIMB Banks to provide financing packages to support all companies especially SMEs that are facing working capital needs. These banks will work out financing packages based on the requirement of each individual company that has faced long outstanding GST refunds.

The FMM would like to record its appreciation to both these banks for their initiative to come forward to help finance SME companies and encourages other banks to follow suit and provide similar financing packages.

On a separate note, FMM being always at the forefront solving problems and the voice of the industry, recognises that some businesses have long outstanding GST refunds. FMM would like to thank YB Lim Guan Eng, Minister of Finance for his recent announcement that the outstanding GST refund will be paid in 2019.

Please contact the OCBC (03-2034 511 or 03-2783 3170) and CIMB (03-2619 1891 or 03-2619 2055) banks to further discuss your financing requirements.



Dato’ Soh Thian Lai
President
Federation of Malaysian Manufacturers



FMM Advocates Transparency, Integrity and No Corruption
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About FMM
The Federation of Malaysian Manufacturers (FMM) has been the voice of the Malaysian manufacturing sector since 1968. Representing over 10,000 member companies (3,000 direct and 7,000 indirect) from the manufacturing supply chain, FMM is actively engaged with government and its key agencies at Federal, State and local levels. FMM is also well-linked with international organisations, Malaysian businesses and civil society. Apart from benefitting from FMM’s advocacy, FMM members enjoy value-add services, including training, business networking and trade opportunities as well as regular information updates.

Media Enquiries:

Esther Boey, Senior Manager, Research & Communication
Tel : 03-6286 7200 | Email: eboey@fmm.org.my / webmaster@fmm.org.my
Website: www.fmm.org.my

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