Measures to Address COVID-19 Impact
Recognising the environment that remains challenging for some borrowers, Bank Negara Malaysia and the Malaysian financial industry are committed to assist individuals and viable businesses adversely affected by the COVID-19 pandemic, to support economic recovery and safeguard the livelihood of Malaysians.
BNM’s Fund for SMEs
As announced in Budget 2021, Bank Negara Malaysia will establish additional or enhance existing financing facilities to provide relief for, and to support the recovery of SMEs.
Targeted Relief and Recovery Facility (TRRF)
The RM2 billion facility is for eligible SMEs whose revenues have been affected by the recent enhanced and conditional movement control orders.
In addition, SMEs in targeted vulnerable sectors, namely personal services, food and beverage services, human health and social work, arts, entertainment and recreation subsectors, will also be eligible for the TRRF.
Offered at a concessionary rate of up to 3.5%, TRRF will be available through participating financial institutions, with guarantee coverage by Syarikat Jaminan Pembiayaan Perniagaan (SJPP) and Credit Guarantee Corporation (CGC). The facility will be open for applications from 1 December 2020.
High Tech Facility (HTF)
The RM500 million facility is to support SMEs in high-tech sectors, for example fertilisers and synthetic rubber, basic chemicals, refined petroleum products, biotech pharmaceuticals, as well as air and spacecraft sub-sectors. As the high-tech sectors and innovation-driven firms are instrumental to realising new growth opportunities, the HTF aims to sustain Malaysia’s competitive positioning in global value chains and safeguard high-skilled jobs.
Further details on the HTF will be announced on 1 December 2020.
Micro Enterprises Facility (MEF)
This facility will be increased from RM300 million to RM410 million to support microenterprises including gig workers on digital platforms and the self-employed. The facility is for working capital and capital expenditure.
Source: Bank Negara Malaysia
Please click the link for more details: https://www.bnm.gov.my/covid19/
How YGL BeyondERP can help SMEs in manufacturing industry to adopt and implement Industry 4.0?
We Help Manage Industry 4.0 Implementation via ERP System
With YGL, you’ll be working with the most experienced professionals in the ERP industry. Whether you need short-term support or resources for a long term engagements, our ERP Consultants have the expertise to help you implement and integrate the ERP system requirement for Industry 4.0. With a core team of functional and technical ERP consultants that are both skilled and certified, we can quickly implement a robust ERP System to maximize the value of your investment.
YGL BeyondERP system applications allows you to enable a seamless workflow from your finance to warehouse and right down to your production efficiency by providing you the essential management dashboard which allows you to have a clear visibility.
As an industry leader in ERP system Implementation, we can be sure that each YGL consultants have the highest qualifications. We provide a wide range of ERP System Integrations with experience ranging from IOT(Internet of Things) right down to Data analytics on OEE (Overall Equipment Effectiveness), supporting all functional modules to complete project management for your project needs. All of our consultants are fully vetted for the project they’re submitted for, which means you’re only reviewing the most qualified consultants who do what you need done.
We Can Help to implement ERP System Integration under Industry 4.0
We look forward to hearing from you. Contact us today so that we can help you with our YGL BeyondERP which is strategy Industry 4.0 ready implementation needs heading towards Industry 4.0.
YglWorld PG (HQ)
35, SCOTLAND ROAD
10450 Penang Island
www.wasap.my/0104695491
YglWorld KL
Suite 9-10
Wisma UOA II,
Jalan Pinang 50450
Kuala Lumpur
www.wasap.my/0104695491