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Old December 2nd, 2019, 02:45 PM   #21
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CIMB Islamic to provide RM100 mln financing for SME businesses
POSTED ON DECEMBER 2, 2019, MONDAY AT 12:33 AM BUSINESS


Quote:
KUCHING: CIMB Islamic Bank Bhd (CIMB Islamic) has unveiled its latest proposition in support of small and medium enterprises (SMEs) looking to grow their business in the global halal market.

Through CIMB HalalBizReady, the proposition provides financing packages that help businesses become compatible with the requirements of halal certification whether by getting their premises, operations or supply chain to be to be in line with those requirements.

CIMB HalalBizReady is part of CIMB’s refreshed SME proposition’s suite of solutions that comprises three main pillars: SME Transact, SME Financing and collaborations via industry SME Partners.

Apart from business financing, CIMB HalaBizReady also gives customers access to a wider global and regional market via the CIMB Trade Club platform, and access to the expertise of CIMB’s halal-based strategic partnerships which aim to facilitate businesses to become Halal ready for further growth.

CIMB Islamic chief executive officer Ahmad Shahriman Mohd Shariff said, “CIMB HalalBizReady is an empowering proposition to help businesses expand beyond Malaysia to access the US$2.2 trillion global halal market.

“The RM100 million financing support is part of CIMB’s RM15 billion commitment to finance SMEs, announced earlier this year. This reflects our commitment to growing Islamic banking assets, with 82 per cent of CIMB’s SME financing growth in 2019 year-to-date attributable to Shariah-compliant businesses.

“Asean alone has 242 million Muslims, providing a huge demand pool that is accessible to these businesses through CIMB’s strong regional network and membership of the CIMB Trade Club.”

The CIMB Trade Club is an exclusive digital e-commerce ecosystem participated by 14 global banks whose network spans over 50 countries, and is aimed at empowering member companies to promote their businesses and expand their markets globally.

This is further supported by CIMB’s SME Transact pillar, providing cash management services, as well as potential reward opportunities of up to two per cent hibah per annum for current accounts and fee waivers on online business banking.

Additionally, under the SME Financing pillar, eligible Shariah-compliant SMEs have access to financing of between RM10,000 to RM1 million, 70 per cent of which will be guaranteed by Credit Guarantee Corporation, adding further convenience to businesses who are seeking to expand into the halal market.

Through the CIMB HalalBizReady, SMEs can also benefit from CIMB’s knowledge partners to get their products and services ready for the growing Halal market across the globe.

These partners provide guidance and training in getting businesses halal-ready and halal-certified based on the requirements of different markets.

The SME landscape offers a huge potential for halal business growth. As of 2018, approximately 90 per cent of SMEs in Malaysia are not halal-certified, owing to various reasons including the lack of understanding and knowledge of the process, as well as the cost of certifying premises and the supply chain.

Typically, most companies with halal certification are large multinationals. The global Halal market, valued at USD2.2 trillion, and estimated to grow at a CAGR of 7.3 per cent in the next five years, provides a strong business case to prioritise halal certification
https://www.theborneopost.com/2019/1...me-businesses/
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Old December 10th, 2019, 01:35 PM   #22
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Govt to assist setting up of SME complex in Tuaran
BY NANCY LAI ON DECEMBER 10, 2019, TUESDAY AT 2:05 AMSABAH


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KOTA KINABALU: The state government will assist in the setting up of a complex in Tuaran for Small and Medium Industries (SMEs) in Sabah.

The complex (will be) equipped with various facilities including a supermarket, halal factory hub for food, health and cosmetics as well as handicraft will play the role as a ‘One Stop Centre’ for SMEs.

“What is more interesting is that the complex which will be the collection centre of all SME products for export, will be managed by local entrepreneurs. The products from the factories will be marketed by a network of domestic vendors as well as small businesses and be exported,” he said at the Gabungan Persatuan-Persatuan Penjaja Dan Peniaga Negeri Sabah (G3PNS) charity and award dinner on Sunday.

The state government welcomes G3PNS’ commitment as an NGO to set up the SME complex which will be a two-storey building with a built-up space of 22,000 square feet.

It will be constructed on a five-acre piece of land and will be based on tourism and a halal hub.

He also praised G3PNS’ initiative to share information especially to the folks in rural areas, about efforts to stabilize the price of goods in the state.

“The State Government is always concerned about this situation and is constantly looking for methods to ensure that the people are not burdened by the price increase which is the result of an unstable global ecomony,” said Shafie.

Inefforts to protect the interest and progress of vendors and hawkers in the state, the government had set up a unit under the Domestic Trade and Consumerism Ministry for them.

The unit in turn sets up the Vendors and Hawkers Consultative Council which is chaired by Deputy Chief Minister cum Trade and Industry Minister Datuk Seri Panglima Wilfred Madius Tangau...
https://www.theborneopost.com/2019/1...lex-in-tuaran/
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Old December 14th, 2019, 08:06 AM   #23
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Home / Sabah News
Kunak settlers urged to diversify economic activities
Published on: Saturday, December 14, 2019
By: Ibrahim Tabir


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KUNAK: Settlers in Tanah Rancangan Lormalong here are encouraged to engage in other economic activities to supplement their income in addition to revenue from oil palm cultivation.

Sabah Land Development Board (SLDB) General Manager, Syaheddrul R. Joddari said Additional Economic Activities (AET) is a method that helps settlers venture into other enterprises to help increase their income.

He said activities like kelulut honey, capsicum plantation, swiftlets and chicken egg laying business are among things which they can look into.

“The best projects with the potential to increase settlers income will be picked to be developed,” he said after officiating a meet-and-greet session between SLDB and settlers in the area, at Kg Lormalong, here, Thursday.

He said settlers are also encouraged to engage in replanting of matured oil palm as a long-term plan.

“SLDB welcomes settlers who are willing and ready to undertake the replanting initiative and hope for more participation,” he said.

On the programme, he said it is part of strengthening ties with settlers who have lived in the area for over 50 years since it was opened in 1968.

The area opened with about 71 early settlers in the 1960s.
On a different note, he said SLDB will assist 11 settlers in the area who have yet to obtain land titles, adding that it is part of their commitment to ensure settlers get what is rightfully theirs.

He also wants to see SLDB move forward in assisting rural settlers develop and at the same time become an institution with integrity.

Meanwhile, SLDB Business and Community Development Unit Senior Executive, Hanizah Han said a total of 27 participants comprising settlers took part in the replanting programme which was slot into the chicken egg laying project.

“The chicken egg laying project is an AET programme carried out in groups by settlers in Lormalong. It is for them to generate additional income instead of depending entirely on oil palm alone,” she said.

The chicken egg laying project started last year with the construction of four chicken coops which can accommodate 500 chickens each.

She said the AET funds/grants was obtained from the Federal Rural Development Ministry channelled to SLDB to assist settlers involved in the economic activity.

The chicken egg laying project grant was obtained in 2016, but only started its operations last year.

A total of RM258,000 has been allocated for the project. It involves preparing a chicken coop site which was once an area for oil palm cultivation, building the chicken coop, supply essentials such as water tanks, power supply, chicks, chicken feed, and vaccine, among others.

“We also engaged the services of the Veterinary Department to ensure the project runs smoothly, including providing courses for settlers in chicken egg laying management,” she said.

“Our responsibility is to ensure the projects goes well, while at the same time commitment must also be coming from settlers involved,” she added
http://www.dailyexpress.com.my/news/...-to-diversify/
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Old January 14th, 2020, 09:25 AM   #24
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Encouraging entrepreneurship in Orang Asli communities
Published on: Saturday, January 11, 2020
By: Bernama


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REMBAU: About 15 kilometres from Port Dickson is the beautiful and tranquil village of Kampung Orang Asli Bukit Kepong in Pasir Panjang.

Its scenic surroundings provide the perfect setting for a homestay and ecotourism business. Recognising the village’s tourism potential, one of the Orang Asli villagers Faarezan Radzali and her family started offering a homestay programme about two years ago and have since never looked back.

The Orang Asli, particularly those communities dwelling not far from urban and suburban areas, are becoming increasingly receptive to modernising their livelihoods and this is exactly what the Department for Orang Asli Development (Jakoa) is aiming at.

Its objective is to improve the incomes and well-being of Orang Asli communities all over the country and create a new generation of educated and dynamic individuals, without sacrificing their heritage and cultural values.

Negeri Sembilan and Melaka Jakoa director Haslin Abdul Razak said the Orang Asli are now making an effort to change their way of life as they do not want to be shackled by poverty.

Referring to the homestay venture in Kampung Orang Asli Bukit Kepong, she said the family built a few chalets out of wood sourced locally and their homestay was attracting many foreign tourists as well.

“The lodgings are comfortable and the atmosphere is beautiful. We monitor it as it is considered a tourist village,” she said.

Haslin said one of the ways the Orang Asli can upgrade their living standards is by involving themselves in entrepreneurial activities.
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“Their desire for change doesn’t mean that they want to leave their (traditional) villages and culture. All they want is to keep pace with the changing times in terms of their daily activities and livelihoods,” she told Bernama.

She observed that the Orang Asli who truly desired change were those in the 20 to 50 age bracket.

“When they come to our department seeking our assistance to develop their existing businesses, then we know they genuinely want to improve (their economic status). However, there are some who give up due to their failure to overcome the challenges they face,” she said.

The majority of the Orang Asli in Negeri Sembilan hail from the Temuan ethnic group, with the remaining comprising the Semalai group.

Statistics compiled by Jakoa show that in Negeri Sembilan, a total of 49 Orang Asli entrepreneurs were created during the 10th Malaysia Plan (2011-2015) and 40 during the 11th Malaysia Plan (2016-2020).

Fashioning crafts out of natural resources has long been associated with the Orang Asli and today, they are using their creative skills to make furniture as well. Hence, it is only natural that when given the option to start a business, they would want to consider a venture involving the making and selling of crafts, souvenirs and decorative items.

Besides crafts, some Orang Asli are also pursuing businesses in the homestay, livestock, agricultural and bridal make-up sectors.

“Those offering bridal make-up services started by offering the service to their own community but now they have some Malay clients as well.

“There are also Orang Asli involved in rearing goats and ducks, and offering tailoring services. One Orang Asli operates a bus transport service,” said Haslin.

She said Jakoa has implemented an entrepreneurship development programme to create more Orang Asli entrepreneurs.

According to Haslin, the programme was beneficial as it helped to elevate the income status of the Orang Asli to the middle-income or M40 group.

“It focuses on helping the Orang Asli to develop their business and market their products,” she said, adding that her department renders aid to those individuals who already have ongoing business ventures.

“We only want to help those who are serious about developing their business. We don’t want them to be coerced into doing business.”

Among the type of aid given to them are make-up tools for those providing bridal make-up services; stock for goat rearers (Jakoa also builds goat pens for their farms); and ducklings to duck farmers who rear them for their eggs.
Jakoa also collaborates with the Agriculture Department to conduct courses for the Orang Asli farmers to teach them the correct techniques to improve yields.

“We also provide courses for those who don’t know how to manage their accounts,” said Haslin, adding that whether or not the entrepreneurs succeed in overcoming various challenges that come their way would depend on their resilience and competence.

Jakoa also holds a yearly carnival to showcase the products of Orang Asli entrepreneurs.

“By participating in the carnival, they can sell their own local products to outsiders, including tourists,” Haslin said, adding that courses on online or digital marketing are also conducted for entrepreneurs to teach them to sell their products via Facebook and other online platforms.

She said she is happy to see the Orang Asli, especially youths, involving themselves in business as it is a channel for them to highlight their unique qualities and inherent abilities.

“No matter what kind of talent they possess, we can help them to hone it. This way, we can develop a new generation of Orang Asli who don’t have to depend on their families and can independently generate their own income,” she said.

The state Jakoa, she added, has high hopes of producing a bigger number of Orang Asli entrepreneurs in Negeri Sembilan in the near future and hoped that the federal and state governments would continue to extend the necessary help and support to them. – Bernama
http://www.dailyexpress.com.my/news.cfm?NewsID=146168
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