Sign up | Log in



 24 Jan 2009

Related Stories

January 23, 2009
Malaysia Economy:
Govt plans $2bn spending package

January 11,2009
Malaysia Economic Outlook 2009:
Domestic demand critical to growth

January 2, 2009
Malaysia central bank sees room to cut rates

December 23, 2008
Malaysia: Job losses seen rising in next 3 months

December 7, 2008
Malaysia: Fiscal boost to fend off recession

November 22, 2008
Cheaper oil eases Malaysian inflation 

November 18, 2008
Malaysia slashes fuel costs by 7%  

November 16, 2008
Malaysia faces no recession, currency to rise – central bank 

November 15, 2008
Coping with Global Slowdown:
Malaysia to scrap import duties

November 13, 2008
Malaysia’s $870m highway plan shelved over funding woes 

November 4, 2008
Malaysia to announce new measures to boost economy

January 24, 2009

Malaysia: $552m in SME loans to offset downturn

Malaysia's central bank will give small- and medium-sized business firms access to 2 billion ringgit ($552 million) in financing to offset the effects of the economic downturn, Reuters quoted the bank as saying Friday.

The businesses include manufacturing firms and agriculture and services companies, the bank said in a statement.

A slide in global growth and demand has hit Malaysian manufacturing firms, many of which make the electronics which account for the bulk of the country's exports.

Growth forecasts for this year are bleak for Malaysia where exports account for more than 100 percent of gross domestic product, with some private banks predicting a contraction in the Southeast Asian country's economy this year.

The government, however, has stuck to its 3.5 percent growth forecast for this year, which it announced in November along with a $2 billion fiscal stimulus package.

Another stimulus package is in the offing, although domestic business associations and politicians have said that the first set of measures has not yet been effectively implemented.
















Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited

submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand