- 2/12/2019 – CGC Appoints Two New Directors
- 25/11/2019 – CGC Back to School Programme Brings Cheer to Students of Sekolah Kebangsaan Jeram
- 8/11/2019 – CGC Celebrates Festival of Lights with Children from Sri Sai Selangor
- 8/10/2019 – CGC Celebrates the Autistic Community Segment
- 27/9/2019 – CGC Changes Lives of Cancer Children
- 19/9/2019 – CGC Celebrates Hari Pahlawan with Police Veterans
- 30/8/2019 – CGC Sponsors Merdeka Midnight Rugby 10s 2019
- 8/8/2019 – BSN and CGC Collaborates to Provide RM50 Million Financing for Micro Business
- 11/7/2019 – CGC Bags Certificate of Merit for imSME
- 5/7/2019 – Ministry of Finance Grants Three Year Extension for CGC
- 4/7/2019 – CGC Launches 2nd Cohort of CGC SME Apprentice Scheme
- 3/7/2019 – OCBC-CGC to Hit RM1.64B Mark in Unsecured Wholesale Guarantees with Latest RM 250M Commitment
- 2/5/2019 – CGC Assists Aspiring Malaysian SMEs Gain International Market Access
- 26/4/2019 – CIMB partners CGC to provide RM2 billion to forward SMEs growth
- 8/3/2019 – Credit Guarantee Corporation Malaysia Berhad Bids Malaysian Paralympians
- 27/2/2019 – Standard Chartered and CGC Celebrate 10 Years of Collaboration in Support of SME Growth
- 21/2/2019 – CGC Bags ADFIAP’s Merit Award for imSME
- 20/2/2019 – CGC Celebrates Chinese New Year with House of Joy
- 18/1/2019 – AmBank and CGC form strategic collaboration with Proton in providing financing access via Portfolio Guarantee
- 20/12/2018 – CGC Celebrates Christmas with Children from Good Samaritan Home
- 18/12/2018 – CGC ‘Jom Kembali ke Sekolah’ 2018 with Sekolah Kebangsaan Parit 4
- 15/11/2018 – CGC’s Go Digital Talk Upscale and Upskill SMEs via Digital Marketing
- 9/11/2018 – CGC Brings Deepavali Cheers to Lovely Nursing Centre
- 19/10/2018 – Appointment of Adnan Zaylani as CGC Board Member
- 30/8/2018 – CGC Merdeka Midnight Rugby Meet 2018
- 23/8/2018 – Merdeka at CGC
- 25/7/2018 – CGC International BizMatch Paves Indonesian Market Access for Malaysian SMEs
- 13/7/2018 – CGC President/CEO Named the Karlsruhe “Sustainability Leader of the Year"
- 12/7/2018 – CGC Developmental Programme Reaches Out to Northern Region SMEs
- 27/6/2018 – CGC SME Awards 2018 - An avenue to recognise contribution of partners and customers towards CGC
- 25/5/2018 – CGC Lights Up Kaamatan Festival Celebration for Visually Impaired Residents
- 13/4/2018 – FRAUD ALERT!
- 6/4/2018 – Standard Chartered Malaysia and CGC Sign Portfolio Guarantee Agreement
- 21/3/2018 – CGC’s ‘Go Digital Talk’ Heading South on the Waves of Digital Through “Go Digital Talk” series, CGC helps SMEs to optimise benefits from digital marketing
- 8/3/2018 – TalentCorp recognises CGC’s efforts in recruiting women on career break
- 6/3/2018 – Hong Leong Bank Partners with CGC to Offer RM200 million Financing to SMEs
- 2/3/2018 – CGC Spreads CNY Festive Cheers to Children of Rumah Charis
- 9/2/2018 – CGC launches imSME, Malaysia’s first SME Loan/Financing Referral Platform
- 24/1/2018 – CGC signs MoU with Taiwan SMEG to spur SME growth
- 12/12/2017 – CGC’s Annual Back-to-School Programme Returns to Cheer Up Students of SK Sungai Dua
- 23/11/2017 – CGC Takes Gaining Market Access Workshop Series to East Malaysia
- 21/11/2017 – AmBank Introduces SME Biz Property Extra
- 8/11/2017 – BNM's Disaster Relief Facility for SMEs Affected by the Recent Floods
- 8/11/2017 – CGC offers Financial Assistance to customers that are affected by the floods
- 12/10/2017 – CGC Brings Deepavali Joy to the Needy
- 25/9/2017 – CGC Hosts 27th ACSIC Training Programme
- 30/8/2017 – CGC - Glenmarie LRT Station Officially Launched
- 18/8/2017 – RHB ISLAMIC, FIRST BANK IN M’SIA TO PROVIDE WHOLESALE GUARANTEE ISLAMIC TO BUMIPUTERA SMEs
- 16/8/2017 – CGC Appoints Jessica Chew Cheng Lian as Director
- 13/8/2017 – CGC Inks MoU to Support Sub-Contractors of the Pan Borneo Highway Project
- 3/8/2017 – CGC unveils ‘CGC SME Apprentice Scheme’
- 14/7/2017 – CGC Bags Karlsruhe Award For The Third Consecutive Year
- 16/6/2017 – CGC extends Raya shopping experience to the needy
- 15/6/2017 – CGC brought Gawai Harvest Festival cheers to 59 pre-school students Sarawak
- 26/5/2017 – CGC brings Pesta Keamatan cheer to 35 beneficiaries from Sabah Cheshire Home
- 22/5/2017 – CGC Honours Top Banks and Outstanding Customers and also Unveiled its New Logo
- 26/4/2017 – CGC In Collaboration with EXIM Bank Malaysia Treats Orphans to a Fun-Filled Day at Zoo Negara
- 22/3/2017 – CGC and AmBank signs Portfolio Guarantee agreement
- 31/1/2017 – CGC Appoints Choong Tuck Oon as Director
- 27/1/2017 – CGC-BSN Enter into Strategic Partnership to Enhance Micro Financing
- 24/1/2017 – CGC brings festive cheer to 30 urban poor families
CGC Appoints Two New Directors
CGC Back to School Programme Brings Cheer to Students of Sekolah Kebangsaan Jeram
The corporate responsibility programme was graced by the Kuala Selangor District Education Officer, En. Abdul Rahman Yahya. Also present at the event were CGC President/CEO Datuk Mohd Zamree Mohd Ishak, SK Jeram Headmistress Puan Hajjah Hasnita Hassan and representative of the Parent–Teacher Association Pn. Norziana Mohd Noor.
The programme kicked off with traditional and modern dance performances by the students followed by speeches from Puan Hajjah Hasnita Hassan and Datuk Mohd Zamree. The highlight of the event was the presentation of ‘Back-to-School’ packages to 94 students from Standard One (1) to Standard Five (5), with each of them receiving a set of school uniform, a pair of school shoes-socks and a school bag for the upcoming 2020 school term. The event later concluded with lunch for the invitees, students and parents.
In his speech, Datuk Mohd Zamree said, “The aim of the CGC ‘Back to School’ programme is to drive home the importance of education amongst the children, more importantly those from underprivileged families. We believe in the inclusion agenda and that all children should be entitled to receive the education they deserve. Education and learning make a difference in elevating one’s standing in life. The knowledge and skills these students will gain will assist them to realise their dreams. Irrespective of the circumstance, everyone should be given the opportunity to access the education system. We hope our contribution will help these children to prepare for the upcoming school year.”
In addition, Datuk Mohd Zamree also stressed on the importance of digitalisation in education, calling the school and students to adopt it. Digitalisation can assist to facilitate self-study sessions, provide better access to information and improve teachers and students understanding on subjects. He ended his speech encouraging students to leverage on digitalisation and technology to be better prepared for their future.
SK Jeram was first built in 1896 by the residents of Jeram, a quaint agriculture and farming village situated in the Kuala Selangor district. The second school to be established in the district, it was originally a small shed located at Alor Pak Ismail. In 1898, a proper building was established and the school was renamed ‘Sekolah Melayu Pantai Jeram’. On 29 January 1960 the school was officially known as SK Jeram.
Puan Hajjah Hasnita Hassan mentioned that SK Jeram currently has a total of 307 students, 38 staff members and a total of 12 classes consisting of 2 classes per standard. In describing the history of the school, the Headmistress highlighted that students of the school now are the third (3rd) generation of Jeram residents.
This is the sixth (6th) consecutive year of the CGC Back to School CR initiative since its establishment in 2014. The initiative aims to ease the financial constraints faced by underprivileged families in their preparation for the upcoming school term. In 2018, CGC assisted over 100 students from Sekolah Kebangsaan Parit 4, Sungai Besar, Selangor.
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CGC Celebrates Festival of Lights with Children from Sri Sai Selangor
Deepavali or the Festival of Lights celebrated by Hindus symbolises the spiritual "victory of light over darkness, good over evil and knowledge over ignorance". CGC Chief Corporate Officer, Rahim Raduan officiated the celebration with the lighting of a Kuthuvilakku. He was joined by members of the Management and staff at this annual event.
Residents from the Home were entertained with a Bharatanatyam performance by Miss Sashveena from Narthana Fine Arts, School for Classical and Folk Dances of India, and as a gesture of appreciation, children from the Home reciprocated with a performance. CGC also presented a token of contribution to the Home and money packets to the children, much to their surprise and joy. Guests were later treated to a sumptuous lunch buffet.
In his welcoming speech, Rahim Raduan said, “CGC is committed to contribute to the underserved, be it our Small and Medium Enterprises (SMEs) as well as members of the community. We believe in driving the agenda of inclusion in changing lives, delivering our services to all members of the society. As Malaysians, festivals provide an opportunity for us to appreciate our diversity in culture, and foster greater ties among us.”
Persatuan Kebajikan Rumah Anak Yatim Sri Sai Selangor was established in 2008 to care for children and teenagers from broken homes, abandoned and neglected orphans, aged between 2 and 24 years old.
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CGC Celebrates the Autistic Community Segment
CGC Changes Lives of Cancer Children
CGC Celebrates Hari Pahlawan with Police Veterans
CGC Sponsors Merdeka Midnight Rugby 10s 2019
The Merdeka Midnight Rugby Meet is part of the Ministry’s Merdeka Carnival and this is the second year CGC is supporting this event as part of our corporate responsibility initiative. The event was graced by YB Tuan Eddin Syazlee Shith, Deputy Minister of Communications and Multimedia at Mini Stadium Shah Alam. Over 1,000 people including CGC Management, alumni members of 16 prestigious schools, students and the public were present and showed their support at the rugby tournament.
Chief Corporate Officer of CGC, Rahim Raduan said, “Sports is an effective platform to unite people from diverse background to a common goal and interest. Sports like rugby can also help to promote healthy living among Malaysians. CGC is honoured to sponsor this rugby tournament in the spirit of Merdeka which is in line with the theme for this year’s Independence Day: ‘Sayangi Malaysiaku, Malaysia Bersih’.
The 16 participating teams are ALSPEN Stingers RC (Alumni SMS Tun Syed Shahabudin, Penang), ASAS RC (Alumni Sekolah Alam Shah, Putrajaya), C70 (Alumni Taman Sri Rampai Veteran, Selanhor), Edwardian Tigers (Alumni SM King Edward V, Perak), ExSAS RC (Alumni Sekolah Menengah Sains Sultan Haji Ahmad Shah, Pahang), JENAN RC (Alumni Sekolah Menengah Sultan Abdul Halim, Kedah), KKB Great Wall (Alumni SM Kuala Kubu Baru, Selangor), KRAS (Alumni Sekolah Sains Sultan Haji Ahmad Shah, Pahang), OPA RC (Alumni Royal Military College, Kuala Lumpur), SAJOHA Vets (Alumni Sekolah Sains Johor), SDAR RC (Alumni Sekolah Datuk Abdul Razak, Negeri Sembilan), SESMA Vets (Alumni Sekolah Menengah Sains Sultan Mahmud, Terengganu), Staroba RC (Alumni Sekolah Tuanku Abdul Rahman, Perak), STJ HOW (Alumni SM Sains Tuanku Jaafar, Negeri Sembilan), VI Legends (Alumni Victoria Institution, Kuala Lumpur) and XTigers RC (Alumni Sekolah Sains Machang, Kelantan).
President of HOW and Organising Committee Chairman, Megat Mohammad Faisal Khir Johari said, “The 2019 Merdeka Midnight Rugby 10s is organised by HOW to celebrate the 62nd Merdeka Day. Sixteen (16) rugby alumni teams throughout Malaysia participated in this tournament. The Merdeka Midnight Rugby is an avenue for HOW to raise funds to encourage more young Malaysians especially children to play rugby and have developmental program to nurture their talents. HOW would like to thank both Ministry of Communications and Multimedia as well as CGC for their strong support to make this tournament a success.”
Malaysia ranks 48th by the World Rugby Organisation and it is the most popular sport among top schools in Malaysia. In fact, many primary and secondary schools across the country have started establishing rugby clubs.
In addition to sponsoring the Merdeka Midnight Rugby tournament, CGC is also displaying its giant Jalur Gemilang flag in conjunction with the 62nd National Independence Day and Malaysia Day for the fifth consecutive year. The 91ft by 36ft flag is visible until the end of September 2019 to commuters boarding the LRT train from Subang Jaya to Kuala Lumpur as well as pedestrians and motorists approaching Bangunan CGC, the 16-story Headquarters building situated at Kelana Business Centre, Petaling Jaya.
BSN and CGC Collaborates to Provide RM50 Million Financing for Micro Business
The strategic partnership was signed by Encik Mujibburrahman Abd Rashid, BSN Chief Business Officer and Mr. Leong Weng Choong, CGC Chief Business Officer witnessed by Yang Berbahagia Datuk Yunos Abd Ghani, BSN Chief Executive and Yang Berbahagia Datuk Mohd Zamree Mohd Ishak, CGC President/ Chief Executive Officer. This is the second agreement established between BSN and CGC in support of micro enterprises, the first PG being in May 2017.
This arrangement will see BSN delivering the financing scheme in two tranches totaling RM50 million, RM25 million each for the Conventional and Islamic PG schemes. This financing scheme is aimed to assist micro entrepreneurs with their working capital and for asset acquisition.
This PG which is intended to provide additional financing for micro businesses will be made available by BSN through its 390 of branches nationwide.
In addition, this PG scheme will allow eligible micro enterprises to apply for either the Islamic or Conventional financing facilities from BSN from a minimum of RM5,000 and up to a maximum of RM 50,000 for tenure of up to five (5) years. CGC will be providing a guarantee of up to 70% of the approved financing amount for the micro enterprises.
Yang Berbahagia Datuk Yunos Abd Ghani, BSN Chief Executive said, “The collaboration with CGC today demonstrates and indicates our unified effort in providing financial assistance to eligible and viable micro enterprises to help spur their transformation progress into SMEs.”
He further added, “As our vision goes No Malaysian Left Behind, we promise to provide a better life for our customers. I truly believe that this collaboration will assist micro entrepreneurs to address their financing needs. The growth of micro businesses will help spur Malaysia’s economy. BSN is committed to the financial inclusion initiative and to ensure financing accessibility is provided to micro enterprises. Since we launched the product in 2007, BSN Micro/i Financing Scheme has successfully funded over 64,000 customers by June 2019 with a total disbursement of RM1.7 billion as compared to 320 customers with a total disbursement of RM5 million in the first year introduced,” he added.
Commenting on the new tranche, CGC President and CEO, Yang Berbahagia Datuk Mohd Zamree Mohd Ishak said, “Today’s partnership is another milestone and notable contribution to the development of Micro, Small and Medium Enterprises (MSMEs). Our Portfolio and Wholesale Guarantee Schemes are both cost effective and efficient. With this collaboration, we are well geared to provide greater access to financing to Malaysian MSMEs.”
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CGC Bags Certificate of Merit for imSME
This award marks CGC’s fifth recognition from the City of Karlsruhe, it was earlier recognised for three of its products, namely ‘BizMula-i’ (2015), ‘BizWanita-i’ (2016), ‘TPUB-i’ (2017) and ’Sustainable Leader of the Year’ in 2018.
The Karlsruhe Sustainable Finance Awards is co-organised by the European Organisation for Sustainable Development (EOSD), the Association of Development Financing Institutions in Asia & the Pacific (ADFIAP) and the Association of Development Finance Institutions (AADFI) in co-operation with the City of Karlsruhe, Germany. The three (3) international associations, EOSD, ADFIAP and AADFI, have a combined membership of 201 institutions from 102 countries.
The Awards honor financial institutions, related organisations and President/CEOs with significant contributions to the field of sustainable financing. In addition, it also recognises outstanding success in long-term financing of exemplary industrial/commercial or infrastructure projects that benefit local communities, protect the environment and/ or projects that ensure reliable returns to its investors.
The Merit Award is a recognition to CGC in driving forth access to financing via imSME. CGC Chief Business Officer, Leong Weng Choong received the award from the Lord Mayor of Karlsruhe, Dr. Frank Mentrup together with Member of the Karlsruhe City Council, Tom Hoyem and the Chief Executive Officer of EOSD, Arshad Rab at Karlsruhe, Germany.
CGC was launched imSME in February 2018 and celebrated its first anniversary in February 2019. Having received a total of over 600,000 visitors with above RM 110 million worth of approved financing, imSME has over 8,200 registered Small and Medium Enterprises (SMEs) as of 30 June 2019. This online loan/financing referral platform connects local SMEs to more than 20 participating financial institutions, agencies, peer-to-peer lenders and capacity building partners.
Commenting on imSME winning the Best Innovation in Financial Services award, Leong remarked, “CGC is pleased to be the recipient of this prestigious award by the City of Karlsruhe, Germany. It is a testament of our commitment to assist Malaysian SMEs. This is imSME’s second recognition for the year, the first being in early February 2019 by the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) in Muscat, Oman.”
Ministry of Finance Grants Three Year Extension for CGC
TPUB-i, a contract financing scheme funded by Bank Negara Malaysia (BNM), provides working capital financing to Bumiputera entrepreneurs who have been awarded contracts or projects by the Government or its agencies, statutory bodies, and reputable companies.
Under this scheme, CGC has an allocation of RM300 million to facilitate Bumiputera entrepreneurs who face challenges in obtaining access to financing from financial institutions.
The scheme is applicable to all economic sectors including construction and supply, manufacturing, and services. The scheme offers a profit rate of up to 5% per annum to first time applicants, for funding up to RM3 million. Profit rate for subsequent financing of up to RM 5 million will be offered at competitive rates.
Since the inception of the scheme in July 2009, CGC has approved and disbursed total financing of RM1.58 billion to more than 1,900 Bumiputera entrepreneurs. In 2018, the amount stood at RM330 million, an all-time high in terms of loan approval value in a year.
Interested Bumiputera entrepreneurs are encouraged to apply for the TPUB-i contract financing scheme via www.imsme.com.my, Malaysia’s first MSME financing / loan referral platform. They can also visit the nearest CGC branch or call +603 7880 0088 for any queries and to find out further information.
CGC continues to support Malaysia’s economic development agenda by assisting viable Micro, Small and Medium-sized Enterprises (MSMEs) that lack collateral and a proven track record to secure guarantee and financing from financial institutions. Since its inception in 1972, CGC has granted over 460,000 guarantees and RM70 billion in financing to both bumiputera and non-bumiputera MSMEs in Malaysia.
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CGC Launches 2nd Cohort of CGC SME Apprentice Scheme
A total of 11 TVET graduates from various skills development institutions from Kedah, Kelantan, Melaka, Negeri Sembilan, Pahang, Penang, Sarawak and Terengganu are participating in this apprentice scheme. These TVET graduates will be attached with 7 participating Micro, Small and Medium Enterprises (MSMEs) throughout Malaysia during the 1-year programme. The MSMEs are from diverse industries which include building maintenance, oil & gas, industrial ventilation, IT, maintenance, construction and engineering.
The CGC SME Apprentice Scheme provides apprentices with the much-needed skills and at the same time, adds value to the MSME community. For the TVET graduates, this scheme helps them to learn new skills and gain experience throughout the 1-year attachment and at the same time, develop their potential as future entrepreneurs. In addition, the apprenticeship equips TVET graduates with key training while allowing them to earn as they learn. CGC will sponsor a significant portion of the programme cost, which includes the monthly salaries, employment benefits and statutory.
“Recognising the importance of TVET graduates in supporting Malaysia’s journey towards becoming a developed nation, we launched the CGC SME Apprentice Scheme in May 2017 with 10 TVET graduates and 10 MSMEs. Following the success of our First Cohort, we have now embarked on our Second Cohort. This is in line with the Malaysian Government initiatives to have TVET play a significant role in the country’s progress towards becoming a developed nation”, said CGC Chairman, Dato’ Agil Natt.
OCBC-CGC to Hit RM1.64B Mark in Unsecured Wholesale Guarantees with Latest RM 250M Commitment
OCBC Malaysia comprises OCBC Bank (Malaysia) Berhad (OCBC Bank) and its wholly-owned subsidiary OCBC Al-Amin Bank Berhad (OCBC Al-Amin).
Prior to today, OCBC Malaysia had already disbursed RM1.39 billion in unsecured financing through the scheme in partnership with CGC particularly in industries ranging from retail and wholesale to manufacturing. The first tranche was made available back in April 2014 via OCBC Al-Amin.
Of the fresh RM250 million tranche, RM200 million will be from OCBC Bank and RM50 million from OCBC Al-Amin, to be disbursed to 1,000 SME accounts.
The nature of the Wholesale Guarantee is such that the ratio of financing risk is shared equally between CGC and OCBC Malaysia for a guarantee period of 4 years. Without it, the entire risk would centre on the Bank.
Commenting on the new tranche CGC President and CEO, Datuk Mohd Zamree Mohd Ishak said, “The WG scheme provides capital relief to OCBC and OCBC Al-Amin in accordance to Basel II and at the same time provides additional security on their MSME exposure. This in turn will enable OCBC and OCBC Al-Amin to reach out to more MSMEs.”
OCBC Malaysia, through OCBC Al-Amin initially, became a prime mover of the initiative to make unsecured financing available when it introduced OCBC Al-Amin Business Cash-i (BC-i) in 2014 and became the country’s first SME wholesale guarantee in response to the alarming results of a Department of Statistics study where 55% of respondent SMEs cited lack of collateral as the biggest constraint to obtaining financing.
According to OCBC Bank Chief Executive Officer, Dato’ Ong Eng Bin, the Bank is keen to develop new tranches of wholesale guarantee in line with the increasing call from SMEs for unsecured financing options to fulfil their short to medium term business financing needs.
“As a Bank that is steeped in the SME business landscape, we recognise unsecured financing as a necessity and are pleased to once again make available, with CGC, this facility to businesses with established track records that can leverage on their sound financial statements. The facility is best suited for capital improvements, capital investments such as machinery and raw materials, and to support business growth where additional working capital is required.
“In general, term financing requires some form of collateral and a relatively rigorous approval process. The Wholesale Guarantee is designed to remove these requirements so that worthy businesses have better access to short to medium term financing,” he said.
Those applying for the facility can expect approval within a week. Processing fees, CGC guarantees, financial statements, or statutory documents are not required when applying. In addition, there are no prepayment penalties or lock-in terms.
“We would like to continuing playing an active part in the government’s plan for SMEs as a significant contributor to the country’s economic growth,” Dato’ Ong added.
Those interested to find out more may call our Business Banking Commercial Service Centre at 03 8317 5200.
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CGC Assists Aspiring Malaysian SMEs Gain International Market Access
CGC International BizMatch, a platform under the CGC Developmental Programme enables homegrown small and medium-sized entrepreneurs (SMEs) to venture into cross-border markets. Launched in 2016, this Programme goes beyond our guarantee agenda and is instrumental in developing SMEs by enhancing their development, long term growth and sustainability.
Two (2) Malaysian companies namely Boom Beverage Sdn Bhd and Atlas Merger Sdn Bhd from food and beverages, as well as oil and gas industry respectively, showcased their products and services at the business matching programme. The SMEs expressed their gratitude for the networking opportunity and are optimistic in establishing a solid print in Thailand market.
“CGC International BizMatch enables my company to meet the intended target market. Thank you to CGC and MATRADE for this opportunity, a successful one for us. This programme is a breakthrough for my business growth and expansion in the ASEAN region,” said Suhaimi Sulaiman, Chief Executive Officer of Atlas Merger.
Ahmad Azfar Azhar, International Trade Manager of Boom Beverages said, “It is certainly not an easy task for SMEs to explore international markets. CGC International BizMatch has created an opportunity for my company to venture into Thailand. Although it is a tough market and challenging to make a presence, I am confident with the support from CGC and MATRADE we should be able to build our business in Thailand.”
Making in-roads into ASEAN markets is made possible for SMEs by leveraging on CGC’s network and counterparts in the region. CGC is able to provide market access for potential SMEs via our business matching sessions with local and international buyers.
Over the last three years, CGC has brought over 30 SMEs to participate in international trade exhibitions and business matching events, which among others, include the China-ASEAN Expo (CAEXPO), China Import and Export Fair, as well as CGC International BizMatch 2018 in Indonesia.
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CIMB partners CGC to provide RM2 billion to forward SMEs growth
The strategic partnership was signed by KJ Balan, Head, SME Banking Malaysia, Group Commercial Banking, CIMB Bank and Leong Weng Choong, Chief Business Officer of CGC, witnessed by Dato' Mohamed Ross Mohd Din, Chairman of CIMB Islamic Bank Berhad; Rafe Haneef, CEO, Group Islamic Banking, CIMB Group; Ahmad Shazli Kamarulzaman, Deputy CEO, Group Commercial Banking, CIMB Group; Choong Tuck Oon, Director, CGC, Datuk Mohd Zamree Mohd Ishak, President/CEO, CGC and Rahim Raduan, Chief Corporate Officer, CGC.
This financing scheme will see CIMB Bank and CIMB Islamic disburse up to RM2 billion through Portfolio Guarantee-i, an Islamic working capital financing where 70% of the loan amount is guaranteed by CGC, without collateral. Financing amount is up to RM1 million per customer, with maximum tenure of seven years.
Victor Lee Meng Teck, CEO of Group Commercial Banking, CIMB Group, said, “We’re pleased to partner with CGC in nation building as SMEs are projected to contribute 41% to Malaysia’s GDP by 2020. CIMB is also committed to support the SME industry not only in Malaysia, but also across ASEAN, powered by CIMB’s 800 branches and 2,000 relationship managers. In line with Forward23, CIMB’s next mid-term growth plan, our refocused proposition includes an investment of more than RM300 million in the next five years to strengthen our end-to-end tech-driven SME banking solutions to help transform our customers’ business.”
Datuk Mohd Zamree Mohd Ishak, President / CEO of CGC, said, “I am pleased to share that over the last six years, both CIMB and CGC have successfully launched 13 Portfolio Guarantee Schemes totalling RM1.4 billion, benefiting over 2,000 SMEs.”
CIMB Bank recently announced its commitment to disburse at least RM15 billion in the next two years to help 100,000 SMEs in Malaysia, particularly for financing below RM500,000, in support of the government’s push for an entrepreneur-friendly enabling environment to boost Malaysia’s economy.
CIMB Bank disbursed a total of RM17.8 billion in 2016-2018 to support the growth of 17,000 Malaysian SMEs by providing working capital, asset financing and trade finance. Its latest offerings include leveraging business assets as additional working capital; and extending unsecured loans to SMEs who are awaiting their GST refund. The latter is offered at a lower interest rate, with a flexible payment period and interest servicing up to six months, to help small businesses manage their cash flow.
CIMB also sees huge potential in its unique halal corridor proposition, with its strong ecosystem and regional network that could support SMEs’ venture into the export market beyond Malaysian borders. Focusing on agribusiness, cosmetics, F&B, modest fashion and pharmaceuticals, CIMB’s halal corridor proposition is poised to help SMEs access, for example, the ASEAN-China corridor with a combined customer base of 266 million Muslims.
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Credit Guarantee Corporation Malaysia Berhad Bids Malaysian Paralympians
Special Olympics Malaysia was founded in the year 1999, to provide year round sports training and competition in a variety of Olympic sports, for both Malaysian children and adult sportsmen that faced intellectual and physical disabilities. The establishment of the institution grants these specially talented people, an avenue in which they could develop sportsmanship, build their courage, demonstrate strategic planning, project team spirit and at the same time; create both history and hope, in paving the path for the physically and mentally challenged and breathing life into their lives.
The World Games is held alternatively between the seasons of summer and winter, every two years. The 50th Special Olympics World Summer Games is set to be officiated by His Highness Sheikh Mohammed Zayed Al Nahyan, the Crown Prince of Abu Dhabi, who doubles up as the Deputy Supreme Commander of the UAE Armed Forces during the opening ceremony that would be held on 14 March.
A total of 44 Malaysian delegates would be competing in several forms of sports over the span of 8 days; namely, golf, athletics, aquatics, bocce, bowling, equestrian activities and lastly, the 7 a-side female football.
"Although life had dealt them a hard blow, it takes plenty of courage and determination to literally get up, stand tall and soldier on with life. Today, we are glad to be able to play a part in helping them reach their goals," said CGC's President/Chief Executive Officer, Mohd Zamree Mohd Ishak.
A special send off ceremony was held earlier today at the Sama-Sama Hotel at the Kuala Lumpur International Airport (KLIA) and it was graced by the presence of YTM Raja Dato' Seri Yong Sofia Bt. Sultan Azlan Shah, Board member of the Special Olympics Malaysia Committee. Winner of the 'Para Athlete for the Year 2013' Malaysian Sports Award, Gold winner for the 2013 & 2016 Paralympics Games and 2013 & 2017 World Championship Winner, Ziyad Zolkefli was the Guest-of-Honour for the day.
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Standard Chartered and CGC Celebrate 10 Years of Collaboration in Support of SME Growth
The financing scheme will be delivered in two tranches totalling RM85 million. Standard Chartered Malaysia is committing to RM75 million for the development of local SMEs while Standard Chartered Saadiq commits to RM10 million specifically to provide working capital financing to women entrepreneurs. Known as WOWnita, the scheme is tailor-made for women with a majority share of at least 51% in a company and with a role as a key decision maker to apply. It is also a value-based intermediation-aligned financing scheme designed to encourage women to manage and grow their business.
Abrar A. Anwar, Managing Director and Chief Executive Officer, Standard Chartered Malaysia said: “This is a big year for Standard Chartered and CGC as 2019 is our tenth anniversary of collaboration to support SME growth in the country. Standard Chartered was the first-ever bank to sign a Portfolio Guarantee Agreement with CGC back in 2009 and we are excited to commemorate our anniversary with the launch of WOWnita.”
According to the Global Entrepreneurship Monitor 2017/2018 survey,women report higher entrepreneurship rate than men in Malaysia. In fact, Malaysia ranks second in the world with one of the highest levels of opportunity-motivated early-stage entrepreneurial activity among women.The SME Association of Malaysia further reports that women entrepreneurs currently make up about 20% of registered SMEs and this figure is growing.
Abrar added “Accelerating gender parity and empowering women are important to the Bank’s diversity and inclusion agenda. Our aim is in line with Bank Negara Malaysia’s value-based intermediation which gives equal importance to social, ethical and environmental considerations and is set to be one of the growth drivers for Saadiq in Malaysia. We are ready to serve this growing segment and provide targeted help for women with their business banking needs.”
Meanwhile, CGC President/Chief Executive Officer, Datuk Mohd Zamree Mohd Ishak said, “I am indeed very pleased to be here today to celebrate this longstanding strategic alliance. Over the last 10 years, the Standard Chartered Bank and CGC collaboration has grown from strength to strength and I am certain that it will be further strengthened for us to better serve Malaysian SMEs.
On this special day, I would like to record our utmost appreciation to Standard Chartered Bank for being our 1st Portfolio Guarantee Scheme Partner when we launched of a tailor made PG Scheme for Women Entrepreneurs in 2009.”
Datuk Mohd Zamree further mentioned, “Through our close collaboration spanning over a decade, both Standard Chartered Bank & CGC have launched 11 PG tranches worth RM1.37 billion benefitting more than 3,300 SMEs. With today’s signing ceremony, we will have 13 tranches totalling RM1.46 billion.”
The agreement was signed by Standard Chartered Malaysia’s Head of Retail Banking Lai Pei-Si, Standard Chartered Saadiq Malaysia’s Chief Operating Officer Mohd Suhaimi Abdul Hamid and CGC Chief Business Officer Leong Weng Choong, witnessed by Dato' Haji Amiruddin Hamzah, Datuk Mohd Zamree Mohd Ishak and Abrar Anwar.
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CGC Bags ADFIAP’s Merit Award for imSME
CGC President/CEO, Datuk Mohd Zamree Mohd Ishak received the Award from Her Highness Sayyida Rawan Ahmed Al Said - the CEO of Takaful Oman - in Muscat, Oman during ADFIAP’s Gala Dinner and Awards Night held in conjunction with ADFIAP’s 42nd Annual Meeting which was attended by over 150 delegates from its 91 member institutions from 36 countries.
The ADFIAP’s “Outstanding SME Development Project Awards” recognises and honours member institutions which have undertaken projects that have created a development impact in their respective countries. ADFIAP was founded in 1976 and is the largest and most prestigious aggrupation of development banks and financial institutions in the Asia-Pacific Region.
imSME celebrated its 1st Anniversary on 9 February 2019 and to-date, imSME has received over 360,000 visitors with over RM50 million of SME financing approved online. imSME connects SMEs to more than 20 participating financial institutions, agencies, peer-to-peer lenders and capacity building partners. imSME enables SMEs to search for financing/loan online through 4-easy steps available 24/7 anytime, anywhere.
Commenting on the award, Zamree said, “I would like to record my utmost appreciation to my Colleagues in CGC for their hardwork in making imSME a success and thank CGC’s Chairman and Board of Directors for their guidance and support. Special thanks to our strategic partners i.e. all the participating financial institutions, P2P lenders and capacity building partners.”
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CGC Celebrates Chinese New Year with House of Joy
Children from House of Joy enjoyed tossing of the “Yee Sang”, a sumptuous buffet spread and were entertained to a magic show, performance and lion dance performance. The guests and children were treated to Mandarin oranges and fortune cookies. CGC also presented the Home with a token of contribution and Ang Pows for the children.
Speaking at the dinner, Leong said,” We are pleased to celebrate the rich cultures of the diverse communities. Today’s celebration echoes our ongoing commitment in caring for our societies, particularly the underprivileged.”
Meanwhile, Lee thanked CGC for hosting the Home and its children. “We truly appreciate the time, willingness and effort by CGC in organising this Chinese New Year programme for our children. The children are happy and this is a good morale booster for them," said Lee.
House of Joy - Home for the Children was established in 1992 and was founded by Mr. Tang Chee Sing and Madam Lee Ching Mun. The Home currently accommodates over 60 underprivileged children, aged between one (1) to 18 years old. Lee manages the day-to-day operations of the Home, assisted by three (3) caretakers. House of Joy also provides shelter to over 20 residents with learning disabilities.
CGC through its Corporate Responsibility programmes reaches out to the underprivileged especially during festivities to ensure that they too do not miss out on the celebration. CGC believes in empowering communities, a key component in unity building and national development.
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AmBank and CGC form strategic collaboration with Proton in providing financing access via Portfolio Guarantee
AmBank and CGC penned a strategic collaboration with PROTON in providing its dealers with financing access via CGC’s Portfolio Guarantee (PG) worth RM100 million offered exclusively to eligible Proton dealers to facilitate them in upgrading their facility to 3S (sales, services and spare parts) and 4S (including body and paint) centres.
“The ceremony today celebrates the on-going strategic collaboration between AmBank and CGC. We have seen positive growth in our collaborations with CGC in the past and excited with the launch of this new Portfolio Guarantee which provides Proton dealers with exclusive financing. We value our long relationship with Proton and look forward to more collaborations with them in future on payment and collection solutions,” said Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer, AmBank Group.
The new PG offered by AmBank and CGC is a term loan facility ranging from RM1 million to RM3 million, with 70% of the loan guaranteed by CGC, and guarantee fee absorbed by AmBank. Dealers may submit their applications from 18 January 2019 onwards and will be attended to based on a first-come-first-served basis within the capped RM100 million allocation.
CGC President/CEO Datuk Mohd Zamree Mohd Ishak in his speech said: “Today’s event is very significant to both AmBank and CGC as this special PG will provide financial access for Proton car dealers to upgrade their facility to 3S & 4S centres.
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CGC Celebrates Christmas with Children from Good Samaritan Home
The Good Samaritan Home was established in January 1999 by Mr. Albert Ong and currently has 35 children aged between 4 years to 22 years old. The children this Home include orphans and are from broken homes, and they are by nine (9) caretakers.
CGC made cash contributions to the Home and gifted the children with a festive cash token. During the half day event, CGC staff joined the children and decorated the Home and became their Christmas carollers for the day. In return, the children put up an entertaining performance for the guests. Everyone enjoyed lunch and cakes before posing for group photography.
As a multi–racial and multi-cultural society, the nation’s diversity is reflected in the many festivals celebrated, fostering greater ties among Malaysians. CGC takes pride in its corporate responsibility programmes. Caring for the underprivileged is a CGC way of giving back to the society.
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CGC ‘Jom Kembali ke Sekolah’ 2018 with Sekolah Kebangsaan Parit 4
In the running for the fifth year, the CGC ‘Jom Kembali ke Sekolah’ Corporate Responsibility (CR) programme is aimed to ease financial constraints faced by parents with income lesser than RM6,000 per month in preparing school supplies for the 2019 school session.
The event was hosted by Sekolah Rendah Kebangsaan Parit 4 together with the Parents and Teachers Association of the school. CGC Chief Internal Auditor Fakrul Azmi Mohamad represented President/CEO Datuk Mohd Zamree Mohd Ishak. Also present at the event was Pn. Fariha Hj Yaacob, Senior Supervisor for Student Affair from Sabak Bernam District Education Office.
Fakrul Azmi handed over a set of school uniform, bag, a pair of shoes and socks to 108 deserving school children of SK Parit 4.
The Programme reaffirms CGC’s stand in education being the catalyst of change. Young minds are the hope of the nation and they should be encouraged. Having the essentials for school is key to ensure that these students are ready for the new session. CGC is delighted to be able to play a role in assisting the students and their parents. The CGC “Jom Kembali ke Sekolah” hopes boost the spirits of students and encourage them to strive for a better future.
Caring for the underprivileged is another way CGC gives back to the community for the betterment of the nation.
The programme was also enriched with many fun-filled activities, followed by lunch for the students and their families.
CGC Jom Kembali ke Sekolah’ started as a CR programme to assist school-going children from the Orang Asli community. This annual CR programme has reached many deserving students, with CGC providing financial assistance to the less fortunate members of the society, especially during the new school session for the year.
CR initiatives are an integral part of the community outreach programme at CGC and is aimed to assist social-economic development of the community.
CGC’s Go Digital Talk Upscale and Upskill SMEs via Digital Marketing
The half-day workshop saw speakers from e-commerce sites such as Alibaba and Shopee sharing tips on successful online marketing and digital sales.
The workshop also gives an in depth understanding on methods to acquire new customers and grow the SME business using Digital Marketing Solutions for better sales.
“The workshop aims to help SMEs to discover new frontiers in digital marketing, to attract customers while maintain the existing, as well as retain and grow relationships effectively through digital platform. As technology continues to evolve, new opportunities for customer engagement and a broader journey marketing path will emerge. Thereby, we hope the session today with Alibaba and Shopee will create smart marketers among our SMEs,” said President/CEO Datuk Mohd Zamree Mohd Ishak.
Over 200 SMEs from various sectors attended the workshop that was held at CGC headquarters in Kelana Jaya, Selangor, today.
Among the benefits that the participating SMEs enjoyed during the workshop is the opportunity to sign up with Shoppe and Alibaba for online market access, apply for e-TRADE grant by Malaysia External Trade Development, free consultation on SME’s credit scoring by Credit Bureau Malaysia Sdn Bhd and instant financing/loan application via imSME, Malaysia’s 1st SME Financing/Loan Referral Platform.
The workshop also in line with the recently launched National Policy on industry 4.0, particularly in embracing new skills and technology to propel in the changing business landscape.
Introduced in May 2016, the mentoring programme is an initiative under CGC Developmental Programme, aimed at facilitating SMEs to succeed in their businesses through a series of workshops and knowledge-sharing sessions. There are three main pillars in CGC Developmental Programme namely Mentoring Program such as Gaining Market Access and Go Digital Talk; Market Access in which we assist SMEs to expand their businesses to both local and international markets, and Cross Border Initiative to form effective collaboration with counterparts across the region.
This year, CGC plans to reach out to about 1,200 SMEs nationwide via 12 mentoring programs and workshops whereby six will be on digital marketing and another six on gaining market access.
To-date, CGC has organized a total of 25 Workshops under CGC DP Programme which have benefited more than 2400 participants.
CGC Brings Deepavali Cheers to Lovely Nursing Centre
The half-day event participated by CGC staff was filled with activities such as cleaning the centre and serving food to the elderly, apart from giving monetary contribution to the Centre and ‘Duit Raya’ for its elderly residents. There was a Clothing Drive at CGC Headquarters prior to the event to collect basic wears for the residents of the Centre.
“In the spirit of Deepavali, this is a good avenue to encourage the spirit of togetherness among Malaysians, while giving back to the society,” said CGC President/CEO Datuk Mohd Zamree Mohd Ishak.
Appointment of Adnan Zaylani as CGC Board Member
Encik Adnan Zaylani is the Assistant Governor of BNM responsible for Financial Development and Innovation, Islamic Banking and Takaful, Insurance Development, Development Finance and Inclusion and Legal. Previously, he held the responsibilities and oversight over Investment Operations and Financial Markets, Foreign Exchange Administration, Currency Management and Operations. Trained in Economics with over 20 years of experience in financial markets, he has contributed to various policy and development initiatives. He is a member of the Management Committee, Strategic Management Committee and Reserve Management Committee of BNM.
He is the Chairman of the Board of Directors of BNM Sukuk Kijang Berhad, Board Member of Retirement Fund (Incorporated), Board Executive Committee of International Islamic Liquidity Management Corporation, Executive Committee Member and Audit Committee Member of INCEIF.
Encik Adnan Zaylani holds a Master of Public Policy from Blavatnik School of Government, University of Oxford as well as MSc in Global Market Economics and BSc in Economics from the London School of Economics and Political Science.
CGC Merdeka Midnight Rugby Meet 2018
The CGC Merdeka Midnight Rugby Meet is part of the Ministry’s Merdeka Carnival and it is special because this is CGC’s first sport based corporate responsibility.
“CGC is proud and honoured to sponsor this rugby tournament which coincides with the 61st Merdeka Day celebration. Sports unite people, builds teams and promotes healthy living. There are similarities in core values promoted by sports and CGC’s key principles. Sports promotes teamwork, requires commitment, builds integrity, and nurtures talent. These elements represent CGC’s values and our mission to grow and nurture MSEMs (micro, small and medium enterprises),” said President/CEO, Datuk Mohd Zamree Mohd Ishak.
The CGC Merdeka Midnight Rugby Meet was graced by YB Tuan Eddin Syazlee Shith, Deputy Minister of Communications and Multimedia at Universiti Putra Malaysia, Serdang. Over 500 people, including CGC Management, staff and their families, alumni members of 10 prestigious schools, students and public were present and showed their support at the rugby tournament.
The 10 participating teams are ALSPEN Stingers RC (Alumni SMS Tun Syed Shahabudin, Penang), Edwardian Legends (Alumni SM King Edward VII, Perak), KKB Vets (Alumni SM Kuala Kubu Baru), MCOBA Vets (Alumni Malay College Kuala Kangsar, Perak), OPA (Alumni Royal Military College, KL), SAJOHA Vets (Alumni Sekolah Sains Johor), SDAR Vets (Alumni Sekolah Datuk Abdul Razak, Negeri Sembilan), SMSSOB (Alumni SM Sains Selangor), STJ HOW (Alumni SM Sains Tuanku Jaafar, Negeri Sembilan) and VI Legends (Alumni Victoria Institution, Kuala Lumpur).
President of HOW and Organising Committee Chairman, Megat Mohammad Faisal Khir Johari said the club is honoured to have CGC on-board as the title sponsor of this veteran rugby tournament.
Malaysia is ranked 48th by the World Rugby Organisation and it is the most popular sport among top schools in Malaysia. In fact, many primary and secondary schools across the country have also started establishing rugby clubs.
“The rugby alumni play an important role in the development of the sport in the country. HOW and other alumni, especially ex ruggers, assist their respective school teams by organising coaching sessions and raising funds for rugby teams to participate in local and international rugby competitions. As majority of our alumni members are professionals and entrepreneurs, the collaboration with CGC bodes well since CGC is committed to develop small and medium enterprises (SMEs),” Megat explained.
The rugby tournament was fun-drenched with various activities such as face painting and a clown-show for the young spectators. The fun night saw Malaysians from different walks of life coming together at the rugby tournament for the 61st Merdeka celebration countdown. At CGC, Merdeka is a show of patriotism and love for the nation, a belief shared by over 500 employees.
Merdeka at CGC
KELANA JAYA, 23 August – Credit Guarantee Corporation Malaysia Berhad (CGC) proudly displays the giant Jalur Gemilang for the fourth (4) consecutive year as a sign of patriotism, love and respect for our beloved Malaysia.
The 91ft by 36ft symbol of Malaysian sovereignty can be seen by motorists approaching CGC’s 16-storey building at the Kelana Business Centre. It is also visible to those riding the LRT from Subang Jaya to Kuala Lumpur. Unfurled on 4 August, the flag will fly until the end of September.
Additionally, CGC hoisted flags of 14 states in Malaysia, reflecting our unity as a nation.
“Every 31 August, Malaysians come together to celebrate our progress as a nation and to renew our pledge to be united. While the route to Merdeka was not easy, we as a nation have progressed well since 1957. Hence, it is important that we continue educating our younger generation to appreciate the freedom that we enjoy today. As a multiracial society, the diversity we have is our strength. Respect one another, build closer ties and promote unity among Malaysians,” said President/CEO, Datuk Mohd Zamree Mohd Ishak.
CGC takes pride in displaying the Jalur Gemilang. Staff from various departments collaborated to get the Jalur Gemilang hoisted majestically at the headquarter. They also produced an in-house video on Jalur Gemilang which is available on CGC’s social media and You Tube [https://youtu.be/rZb3rLpQ760].
“Echoing this year’s theme - Sayangi Malaysiaku, flying the Jalur Gemilang is one way CGC shows its gratitude to a nation that has blessed us in many ways. CGC is home to over 500 employees from different background, race, religion and culture. We stand united as Malaysians and are proud of our nation’s achievements,” said Zamree.
This year the Merdeka celebration will be extra special and meaningful for CGC. For the first time in 46 years, CGC will be organising a CGC Merdeka Midnight Rugby Meet on the eve of the celebration. This is a collaboration between CGC, the Ministry of Communications & Multimedia, and the Home of Warriors Rugby Club (HOW). This rugby tournament is for veteran rugby players representing 12 alumni. The event will be held at Padang Bola Sepak D, Kolej 14, University Putra Malaysia in Serdang.The event will end with a firework display at the stroke of midnight.
CGC International BizMatch Paves Indonesian Market Access for Malaysian SMEs
KELANA JAYA, 25 July – Credit Guarantee Corporation Malaysia Berhad (CGC) organised its first international business matching programme in Jakarta between Small and Medium Entrepreneurs (SMEs) from Malaysia and buyers from Indonesia.
BizMatch is a platform placed under the CGC Developmental Programme, to enable Malaysian SMEs to venture into cross-border markets. Indonesia is the largest market by consumer spending in ASEAN with a population of over 266 million.
Three Malaysian SMEs - Hoong Qian Trading Sdn Bhd, Mutiara Jingga Marketing and Wish Dairies (M) Sdn Bhd scaled up their businesses with 15 Indonesian buyers through CGC’s BizMatch session on Tuesday (24 July).
Highlights of the programme included the SMEs showcasing their products and pocket talks by Dekopin, Jamkrindo and SuperAnt.
“CGC customises business matching for Malaysian SMEs that are ready to establish and grow beyond Malaysia. We guide these SMEs to address regulatory and financing requirements in expanding their businesses to Indonesia,” said CGC Chief Business Officer, Leong Weng Choong.
He further mentioned that CGC aims to assist more Malaysian SMEs in venturing into markets in the region and globally, in support of the nation’s SME Development agenda.
“This is our inaugural cross border initiative and CGC will be hosting similar programmes to drive SMEs’ market accessibility abroad. We believe that this will provide visibility to our SMEs in terms of their products and services. CGC expects the programme to benefit over 5,000 SMEs by 2020,” added Leong.
Meanwhile, the SMEs expressed their gratitude for the networking opportunity and are optimistic to establish strong foothold in the Indonesian market.
“This is our first international foray. CGC International BizMatch made the access to Indonesia market possible,” said Muhammad Faiz Shahibul Firhad from Mutiara Jingga Marketing, a manufacturer of food and cosmetic products.
Ladies footwear manufacturer Hoong Qian Trading’s Director Chen Sow Wan said ” It was a good experience to meet business partners in Indonesia. CGC International BizMatch is a fantastic platform for business expansion.”
“Thank you CGC for the opportunity to expand our business to Indonesia. We wish to bring our business ties with Indonesian buyers to the next level,” said Sarawak based ice-cream manufacturer Wish Dairies (M) Sdn Bhd Director, Raymond Liew.
CGC’s official digital partner for this programme is Indonesia’s SuperAnt (Super Advanced Network Technologies).
CGC President/CEO Named the Karlsruhe “Sustainability Leader of the Year"
The Karlsruhe Sustainable Finance Awards honour financial institutions, related organisations and President/CEOs with significant contributions to the field of sustainable financing.
The award was presented last night (July 12 2018) by the Lord Mayor of Karlsruhe Dr. Frank Mentrup together with Chief Executive Officer of EOSD Arshad Rab at the annual Global Sustainable Finance Conference (GSFC) in Karlsruhe.
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CGC Developmental Programme Reaches Out to Northern Region SMEs
“Go Digital Talk” is a series of mentoring workshops under CGC Developmental Programme aimed at highlighting the importance of multiple digital marketing tools to promote SME products and services for better visibility.
“It is CGC’s utmost commitment to cultivate the SMEs to follow market trends and stay competitive. Digital marketing is an impactful tool to not only prepare you for any changes within your specific market but also help to establish a comprehensive marketing strategy – designed to increase visibility using digital channels and maximise revenue,” said Wong Keet Loong, Senior Vice President for Marketing and Sales of CGC.
The ‘Go Digital Talk” is the third such talk series for this year hosted over 150 SME participants from various business sectors. The previous two (2) talks were held in Johor and Perak, respectively.
The distinguished speakers were Lee Zhern Yuen, Business Lead of iFleet at Digi Telecommunications Sdn Bhd, and Shah Suriye Ruben, the Co-Marketplace Chief Officer of Lazada Malaysia, which is an online shopping platform.
Lee and Ruben shared their success stories, insights and experiences on marketing strategies and trends using multiple digital channels in aligning the SMEs’ business with the digital marketing platform.
Introduced in May 2016, the mentoring programme is aimed to develop SMEs’ business capabilities and increase capacity, be it to enhance their business competitiveness or diversify marketing channels.
This year, CGC plans to reach out to about 1,200 SMEs nationwide via 12 workshops under mentoring programme whereby six will be on digital marketing and another six on gaining market access.
To-date, CGC has organized a total of 19 workshops, which have benefited over 2,000 SMEs.
CGC SME Awards 2018 - An avenue to recognise contribution of partners and customers towards CGC
Ambank (M) Berhad (Ambank), CIMB Bhd, Malayan Banking Berhad (Maybank) and Standard Chartered Bank Berhad were honoured with Top FI Partner Award for commercial bank category, Maybank Islamic Berhad bagged two awards namely the Top FI Partner 2018 for Islamic bank category and Top Bumiputera FI Partner, while Maybank emerged as the Best Financial Partner of CGC for second consecutive year.
For Small and Medium Enterprises (SMEs), CGC awarded the Exemplary Customer Award to five (5) of its customers with good repayment track record on their financing facility and gave them rebates on guarantee fees paid. Five (5) SMEs received the Excellent Customer Award as they no longer require CGC’s guarantee due to their improved credit track record and success in business which enables them to have banking facilities direct from the banks.
The awards were presented by Assistant Governor of Bank Negara Malaysia Abu Hassan Alshari Yahaya. In his speech, he said: “I would like to commend CGC for the continuous effort in championing the SME cause, and in recognising the banking and financial industry players that have made meaningful contribution in supporting the SMEs.”
“CGC SME Awards is a recognition to the commitment and excellence demonstrated by Financial Institutions (FIs) and Development Financial Institutions (DFIs), who have stood by SMEs to make access to financing possible through diversified products and services. We also appreciate our SME customers who have demonstrated an exemplary record in meeting their loan and guarantee fee commitment,” said CGC’s Chairman Dato’ Agil Natt.
Meanwhile, CGC President/Chief Executive Officer Datuk Mohd Zamree Mohd Ishak said: “We will continue to explore new opportunities and new growth areas to develop innovative financing products in our bid to accelerate financial inclusion. As we aspire “To become the Household Name for the SMEs by 2020”, we gear up ourselves to create a more agile CGC to fulfil our mandate and deliver value to the SMEs in the country.”
Next year, CGC plans to give a new award to FIs and DFIs that actively avail financing via the imSME platform with the hope that this will further encourage FIs, DFIs and other participants to reach out to more SMEs and micro businesses via imSME. Launched in February 2018, imSME is Malaysia’s first online SME Financing/Loan referral platform that is designed to simplify the process of searching for financing/loan for SMEs from 15 FIs and DFIs.
imSME is user friendly and has four easy steps – log on and register, key in relevant information, select your preferred financing options and the banks will call in two (2) working days.
Zamree added that the response for imSME is very encouraging as over 40,000 visitors have visited imSME. For more information, visit www.imsme.com.my.
CGC Lights Up Kaamatan Festival Celebration for Visually Impaired Residents
The Taman Cahaya Training Centre for the Blind was established in the year 1970 and is managed by the Sabah Society for the Blind (SSB), for the betterment of the visually impaired society in picking up basic life, social and management skills; in order to become self sustained. The Taman Cahaya Training Centre is the only training centre of its kind in Sabah.
“As a responsible Malaysian Corporate Citizen, CGC truly understands the significance of the major festivals that are celebrated around the year. We usually reach out to the less fortunate members of the respective communities and for this occasion, we chose the visually impaired community, to usher in hope and cheerfulness during the Kaamatan festival celebrations,” said CGC’s Chief Corporate Officer, Rahim Raduan.
A contribution of RM 5,000 was made to the Training Centre which was presented by Rahim Raduan to the Chairman of the Sabah Society for the Blind, Mr. Cheong Sung Ching, witnessed by CGC Sandakan’s Branch Manager, Mr. Yap Pien Chie and the Assistant Vice President of Corporate Communications, Mr. Kumaran Vyraperumal.
A myriad of exciting activities was organised for the residents during this special Corporate Responsibility programme; amongst which, were the Karaoke and dancing competition as well as lucky draws. This was followed by the widespread sumptuous dinner treat and the presentation of prizes to the deserving winners. The residents had a great evening participating in these fun-filled activities with some overwhelmed with joy and happiness after receiving their prizes for winning the karaoke and dancing competitions. All the residents, trainers and the guests were later treated to a sumptuous dinner.
CGC has; throughout the year, organised various CR programmes in conjunction with major festivals such as Hari Raya Aidilfitri, Chinese New Year, Deepavali, Christmas and much more, in support of the various community segments in the country.
We had lodged a police report for the misrepresentation and unauthorized use of our personnel name and company logo. We would like to advise and encourage those who have been victimised to lodge a police report too.
We wish to state that ‘CGC ENTERPRISE’ is NOT related in any way to “CGC”or its subsidiary.
We would like to further advise that CGC does not appoint any Third Party to act for and/or on behalf with regard to its products and services. If anyone is approached by a Third Party impersonating as an employee / agent of CGC or purporting to be CGC's representative or have any information in relation to the same, they are advised to alert / contact our Client Service Centre at 03-7880-0088 or email to [email protected]
Standard Chartered Malaysia and CGC Sign Portfolio Guarantee Agreement
This is the ninth tranche signed between the Bank and CGC which will see a facility of MYR75 million made available with the primary objective of providing working capital and asset acquisition to SMEs. The maximum loan quantum under this portfolio guarantee is up to MYR1.5 million per SME customer subject to eligibility.
Abrar Anwar, Managing Director and Chief Executive Officer of Standard Chartered Malaysia said: “Standard Chartered Malaysia was the first-ever bank to sign a Portfolio Guarantee Agreement with CGC back in 2009 as we believe that SMEs are a key player to any economy’s success. We are proud to continue the support for SME growth with over 260,000 Business Banking clients globally which contributes to 11% of our Retail Banking income group-wide. Our Business Banking team in Malaysia is ready to serve the SME segment as we remain committed to driving commerce and prosperity and help them with their business banking needs across our global network.”
“Through our close collaboration spanning a decade, both CGC and Standard Chartered Bank Malaysia have supported 3056 SMEs in various sectors, to obtain financing to sustain and grow their businesses. We still remain committed to our common objective which is to address the unique financing needs of SMEs by providing innovative financing options and alternate avenues to help them secure financing of their choice,” said CGC’s President and Chief Executive Officer, Datuk Mohd Zamree Mohd Ishak.
“As a financial institution that is dedicated towards promoting the growth and development of competitive and dynamic SMEs, CGC has been in the forefront of SME financing over the last 46 years. In February 2018, we launched the imSME, Malaysia’s first online SME financing/loan referral platform which matches eligible SMEs to suitable financing products that are offered by the participating banks. Our innovative portfolio guarantee scheme will also be made available at this platform, as part of our product offering to ease the SMEs search for the best financing option that matches their business needs,” added Zamree.
The agreement was signed by Standard Chartered Bank Malaysia’s Country Head of Retail Banking, Aaron Loo, and CGC’s Chief Business Officer, Leong Weng Choong. It was witnessed by Standard Chartered Bank Malaysia’s Managing Director and Chief Executive Officer, Abrar Anwar and CGC’s President and Chief Executive Officer, Datuk Mohd Zamree Mohd Ishak.
CGC’s ‘Go Digital Talk’ Heading South on the Waves of Digital Through “Go Digital Talk” series, CGC helps SMEs to optimise benefits from digital marketing
This is one of CGC’s signature workshops under its mentoring programme series, that guide the SMEs to learn new knowledge and skills to effectively use Digital Marketing Solutions to bring their business to the next level.
“SMEs are now realised that they have to be on digital, they need to be on Facebook, YouTube and have a website to market their products and services. Thereby, our ‘Go Digital Talk’ series will be an impactful and cost-effective platform for the SMEs to attract new customers and grow their business,” said CGC’s Senior Vice President for Marketing and Sales Wong Keet Loong in his welcoming remarks during the half-day talk held at the Grand Paragon Hotel in Johor Bahru, Johor, Wednesday.
The talk features key industry speakers: Lee Zhern Yuen, iFleet Manager of Digi Telecommunications Sdn Bhd, and Nadhir Ashafiq, the Co-Founder and Executive Director of TheLorry.com, an online logistics platform.
Both the speakers share their knowledge and expertise on how digital marketing can open up new business growth channels for the SMEs, as well as tips and strategies for effective digital marketing.
“It is easy to say that everyone is technology savvy; however, the challenge faced by the SMEs in embracing digital space is that they do not have sufficient guidance in finding the right platform in managing their social and digital presence to market their business. This workshop will address these concerns by exposing the SMEs to be more structured and take an inclusive approach in the adoption of digital marketing,” added Wong.
Introduced in May 2016, the mentoring programme is an initiative under CGC Developmental Programme, aimed at facilitating SMEs to succeed in their businesses through a series of workshops and knowledge-sharing sessions.
This year, CGC plans to reach out to about 1,200 SMEs nationwide via 12 mentoring programs and workshops whereby six will be on digital marketing and another six on gaining market access.
To-date, CGC has organized a total of fourteen (14) mentoring programmes, which have benefited approximately 1,336 SMEs.
TalentCorp recognises CGC’s efforts in recruiting women on career break
In 2017, CGC has participated in Talent Corp’s Career Comeback Programme Grant that encourages employers to implement programmes that recruit and retain women who have been on career breaks for more than six (6) months.
CGC has had recruited six (6) women returnees into its workforce last year that paved the way for the recognition.
Minister of Women, Family and Community Development Datuk Seri Rohani Abdul Karim presented the award to CGC, represented by its Senior Vice President for Strategic Planning Mohd Reza Mohd Hatta at Cyberjaya, today.
“This award is a recognition of CGC’s conscious effort in creating more employment opportunities and better representation of women at all levels of its workforce. CGC’s culture of inclusiveness and gender diversity is clearly evident in the number of women we currently have in our workforce,” said Mohd Reza. CGC employs 333 women that represents 62% of its total workforce. Currently, CGC has a total of 537 employees and operates through a network of 16 branches nationwide. Malaysia.
The ‘TalentCorp Career Comeback ReIGNITE Award’ is the first of its kind introduced by Talent Corp Malaysia Berhad, following the government’s declaration of year 2018 as the Women Empowerment Year.
There are two types of grant namely Resourcing Grant and Retention Grant. CGC opted for Retention Grant which will be disbursed for employers who have successfully recruited and retained women returnees for more than six (6) months. The grant amount is equivalent to the women returnee’s first month basic salary.
In 2016, CGC won the HR Asia Award 2016-Best Companies to Work for in Asia (service category) by MERCER, one of the world’s largest human resource consulting firm and coordinated by HR Asia Magazine.
Hong Leong Bank Partners with CGC to Offer RM200 million Financing to SMEs
According to Domenic Fuda, Group Managing Director and Chief Executive Officer of HLB, the Bank recognizes the important role that SMEs play in the growth and progress of the country and its economy.
“As a community Bank, we are proud to support the growth of SMEs in Malaysia and we aim to be their one stop business management solutions provider for all their business needs.”
“We recognize that the main challenge SMEs face today is obtaining unsecured loan facilities, in order to grow their businesses. Through this portfolio scheme, SMEs who have viable business models but lack the relevant collaterals in obtaining the required credit facility can now have access to financing; which can provide them the necessary uplift to kick start and grow their business.”
“It is important that we extend the relevant support to SME so that they can focus on optimizing their opportunities while running their business efficiently. As part of our aim to be a one-stop business management solutions provider, the SMEs who secure financing from HLB through this scheme, will also have access to our business management tools such as the recently launched Connect First,” added Domenic.
HL’s Connect First is an advanced digital banking channel that is catered for companies who can easily conduct their own banking and business management services including account management, payables, receivables, liquidity management, trade, treasury management, e-investment and e-procurement.
HL’s Connect First also provides an embedded HR solutions software that is known as ‘Kakitangan.com’, so that SMEs can efficiently manage their payroll accounts, Employee Provident Fund, Inland Revenue Board of Malaysia and Social Security Organisation submissions.
“The SMEs continue to be the impetus for growth and we congratulate CGC in their efforts to enhance this sector through their various loan and guarantee schemes. We have great pleasure in working with CGC in support of the SMEs and congratulate them for their various programmes in uplifting the SME sector.”In line with its strong entrepreneurial heritage, Hong Leong Bank strives to provide support and banking solutions to SMEs, by understanding their business challenges and requirements for growth.
In line with its strong entrepreneurial heritage, Hong Leong Bank strives to provide support and banking solutions to SMEs, by understanding their business challenges and requirements for growth.
“This agreement which is made possible via our partnership with CGC is yet another example of how Hong Leong Bank synergizes financing and Connect First’s hassle-free solutions, to enhance our customers’ journey, supporting them closely every step of the way. Hong Leong Bank remains committed towards supporting the growth of Malaysia’s SME segment, in helping SMEs achieve their business objectives and in turn contributing to the nation’s future economic growth,” added Domenic.
“We are pleased to ink our maiden partnership with Hong Leong Bank, which shares the same objective as we do - assist SMEs in achieving their business goals by addressing their financial needs. CGC’s commitment towards SMEs span over four decades and we have to date offered numerous financing options to suit the requirement of the SMEs; particularly the clients of our banking partners through innovative Portfolio Guarantee (PG) scheme,” said CGC’s President and Chief Executive Officer Datuk Mohd Zamree Mohd Ishak.
“With this collaboration, SMEs will now have more options to consider to access financing for their business,” said Zamree.
Zamree added that the scheme would also be made available through CGC’s imSME, Malaysia’s first online SME financing/loan referral platform, which matches eligible SMEs to suitable financing products that are offered by the participating banks. The imSME was launched by the Minister of Finance II, Datuk Seri Johari Abdul Ghani recently.
For more information, please visit www.imsme.com.my
CGC Spreads CNY Festive Cheers to Children of Rumah Charis
The charity event brought joy and smiles to the children as they were all presented with ‘ang pao’, goodie bags as well as treated with dinner at their residence. CGC also contributed RM5,000 to Rumah Charis, in support of their noteworthy cause.
They were also treated with the popular Yee Sang dish where the entire residents and CGC staff joined in the tossing of the ingredients high in the air with joyful exclamations of ‘Loh Hey” (“toss high”). The significance of the tossing is to wish for abundant luck and happiness for all.
“We are honoured to organize today’s Chinese New Year celebration for the children of Rumah Charis. Initiative such as this is significant in bringing about awareness on the importance of caring for the underprivileged children amongst CGC staff and also to enrich as well as to create a better future for the children of this home,” said CGC’s President/CEO Datuk Mohd Zamree Mohd Ishak.
This charity programme falls under CGC’s annual corporate responsibility initiative to reach out and help the community in need.
“CGC’s festive CR programmes are organised in conjunction with the celebration of every major festival irrespective of ethnicity and culture as we believe in contributing to the well-being of all Malaysians in our country. This approach has been and will continue to be the mainstay of our community outreach programmes,” said Zamree.
CGC launches imSME, Malaysia’s first SME Loan/Financing Referral Platform
CGC targets over 2000 SMEs to benefit from the newly launched imSME by end of this year.
The imSME, represents “I am mSME” which covers micro, small and medium-sized entrepreneurs. It is the first online SME loan/financing referral platform in the country, mooted by Bank Negara Malaysia (BNM) and powered by CGC.
“What we are going to witness is another quantum leap in the SME ecosystem, where SMEs can explore various financing options offered by the banks and benefit from the financial products that suits them best, all in one single platform”, said Minister of Finance II Datuk Seri Johari Abdul Ghani at the launch of imSME at Sasana Kijang, here today.
The imSME is targeted at all SMEs, currently facing difficulties in securing financing from the financial institutions (FIs), for various factors. It is a unique online platform that enable SMEs to search and find loan/financing product that best fits their needs, faster and at their convenience. The effort is to further strengthen the SMEs’ self-service capabilities while enhancing their total online experience in line with the central bank’s call for the SME sector to embrace financial technology (FinTech) to remain competitive.
Currently, there are fourteen (14) financial institutions (FIs) and development financial institutions (DFIs) participating in the imSME namely; Affin Bank Berhad (Affin Bank), AmBank (M) Berhad (AmBank), Bank Pertanian Malaysia Berhad (AgroBank), Bank Simpanan Nasional (BSN), Bank Kerjasama Rakyat Malaysia Berhad (Bank Rakyat), CIMB Bank Berhad (CIMB), Hong Leong Bank, Malayan Banking Berhad (Maybank), Oversea-Chinese Banking Corporation Limited (OCBC), OCBC Al-Amin Bank Berhad, Public Bank Berhad, Public Islamic Bank Berhad, RHB Bank Berhad (RHB), and SME Bank.
In total, these 14 FIs and DFIs have a network of over 2,400 branches throughout Malaysia and over 60 financial products for SMEs hence making it easy for SMEs to discuss with their preferred financier once the match is selected.
“This is just the beginning of imSME which will be developed in three (3) phases. Currently, we are launching phase one (1) with search, referral and matching capabilities. Further enhancements in the next two (2) phases will include psychometric assessment, These enhancements are expected to take place within the next 24 months,” said CGC’s Chairman, Dato ‘Agil Natt.
CGC President/CEO, Datuk Mohd Zamree Mohd Ishak said the launch of imSME underlines the aspirations of CGC to bridge the financing gap for SMEs by offering financing products and services of participating FIs and DFIs on the imSME platform.
“We want to redefine the SME financing landscape in Malaysia to keep up with evolving global trends. This is an opportunity not just for the SMEs, but also for the young and emerging entrepreneurs in Malaysia to connect their businesses with the right financing options for future growth,” said Zamree.
CGC has also set up an imSME Financial Advisory Team to assist SMEs who are unable to find their financing product match in imSME or whose applications through imSME were not approved by the FIs. The imSME Financial Advisory Team will diagnose the cases and make recommendations for capacity building programs or alternate financing accordingly.
Currently, our partnering agencies with capacity building programs are Centre for Entrepreneur Development and Research (CEDAR), Institut Keusahawanan Negara (INSKEN) and Malaysian Institute of Accountants (MIA), SME Corp Malaysia as well as peer-to-peer (P2P) financing platforms licensed by Securities Commission of Malaysia namely Fundaztic by Peoplender Sdn Bhd, Funding Societies Malaysia by Modalku Ventures Sdn Bhd and QuicKash by ManagePay Systems Bhd.
Since the soft launch in November 2017, 321 SMEs have submitted their applications of which 64 matched with the available products at imSME, and five (5) were approved, valued over RM500,000.
CGC signs MoU with Taiwan SMEG to spur SME growth
This is the first collaboration between CGC and Taiwan SMEG, which share the same objective, that is to provide financial assistance and related services to SMEs particularly to enterprises that lack collateral and track record to obtain financing from the financial from financial institutions.
“As trade between Malaysia and Taiwan is growing, and the number of SMEs are increasing, we believe a joint collaboration is timely to further drive the SME Development agenda and here we are today to realise the signing of the MoU to support the growth of SMEs and promote the development of credit guarantee services,” CGC’s Chairman Dato’ Agil Natt said during the MoU signing ceremony at Sasana Kijang, Kuala Lumpur, today.
Signing on behalf of CGC was its President/CEO Datuk Mohd Zamree Mohd Ishak while Taiwan SMEG by its Chairman Vincent Tsai. The signing ceremony was witnessed by Ms. Marina Abdul Kahar, Director of Development Finance and Enterprise, Bank Negara Malaysia and Agil.
Meanwhile, Zamree said that the collaboration will drive transformational growth for both Taiwan SMEG and CGC as well as lead to value creation for the SMEs.
“This is another meaningful step that not only demonstrates our commitment to expand our portfolio to spur SME growth, but also our focus on diversifying our products and services that cater for changing market requirements,” added Zamree.
According to Tsai:” In line with our government’s “New Southbound Policy,” Taiwan SMEG would like to strengthen the cooperation with CGC Malaysia which is identified as one of the” New Southbound Countries.” It is our hope that by signing an MOU, CGC Malaysia and Taiwan SMEG will be able to engage in closer working relationship and interaction on the credit guarantee system. The ultimate goal is to promote the development of SMEs in both countries by providing credit guarantee services.”
Under the MoU, both CGC and Taiwan SMEG will provide assistance in enhancing the credit guarantee framework, knowledge sharing, technical assistance to improve existing credit guarantee schemes, procedures and other operational matters.
Both parties will also share and exchange their best practices via research and development (R&D), training and study visits to enhance knowledge and skills pertaining to the credit guarantee business in our respective organisations.
CGC’s Annual Back-to-School Programme Returns to Cheer Up Students of SK Sungai Dua
CGC’s President / Chief Executive Officer Datuk Mohd Zamree Mohd Ishak said: “We understand the financial constraints faced by parents having to pay for uniforms, school bags and stationeries. Our aim is to try as much as possible to ease their annual financial commitment. The smile and excitement we see on the faces of the children are not only rewarding but also assures us that they will be ready for school in 2018.”
All 134 students from the Temuan ethnic group were presented each with a new bag, a pair of shoes, a school uniform, stationeries and a pencil case. They were also treated with fun-filled and interactive activities during the programme.
“As the saying goes, “knowledge is power” and I have always believed that education will empower people and is the catalyst for a more fulfilling life. In view of that, we will continue to support education-based activities and programme that would assist in developing Malaysia’s future human capital,” added Mohd Zamree.
CGC’s Back-to-School Programme is supported by the Ministry of Education and was represented by Tuan Hj. Misnan Mohd Amin, the Education Officer of Bentong District. Representatives from Jabatan Kemajuan Orang Asli Bentong and Pejabat Daerah dan Tanah Bentong also participated in the event and the guests were entertained by a traditional Sewang Dance performed by a group of students from SK. Sungai Dua.
CGC Takes Gaining Market Access Workshop Series to East Malaysia
The workshop is designed to focus on assisting SMEs on ways to penetrate potential hypermarkets in Malaysia. Besides, it will also guide the participating SMEs on ways to optimize productivity for food industries.
The half-day programme saw overwhelming response with about 200 local SMEs participating in this workshop held at the Hyatt Regency Kinabalu, Kota Kinabalu, Thursday.
Prior to Kota Kinabalu, CGC had successfully conducted Gaining Market Access workshops at four major market centres namely Kuala Lumpur, Kuantan, Malacca and Ipoh, which has benefited more than 200 SMEs.
CGC’s Chief Business Officer Mr. Leong Choong Weng said: “Before any business can gain access into the international market, firstly, they have to establish themselves in the local market. More importantly, their products must be known brands that are sold widely especially at popular hypermarkets. This is one of the challenges faced by the SMEs which we are aware of and doing our part in helping them to learn and understand the hypermarket requirements through these workshops that we are organising nationwide.”
He further added that this workshop series is a testimony of CGC’s dedication in promoting the growth and development of competitive and dynamic Malaysian SMEs.
“The CGC Gaining Market Access is a workshop for the SMEs to share their thoughts and challenges they are facing with the subject matter experts during the Q&A session. Essentially, this workshop acts as a platform for SMEs to he
ar and communicate directly with any matters relating to their business and market access,” added Leong.
The workshop is catered to all SMEs that are interested or are currently facing difficulties in gaining market access to hypermarkets, and also for those who are keen to increase their business growth and exposure.
Prominent speakers such as Mr. Norman Rajen Abdullah, the General Manager of Mydin Malaysia with more than twenty (20) years of experience in the Hypermarket Industry and Mr. Muhamad Elyas Harun, CEO of Dreams Machine Resources as well as certified Halal professional trainer shared their knowledge and expertise to the SMEs throughout the workshop.
As an intermediary dedicated to SME development, CGC remains committed to improving its SME outreach through its various programmes and initiatives undertaken to be able to serve the needs of SMEs through financial and other advisory support services more effectively.
As at October 2017, CGC has approved RM3.11 billion under various guarantee and direct financing facilities and has benefitted about 7,086 SMEs.
AmBank Introduces SME Biz Property Extra
AmBank is pleased to introduce the SME Biz Property Extra, a financing solution which is aimed at assisting qualified SMEs on property purchasing (asset financing) as well as to gain access to higher margin of financing in funding their working capital requirement (working capital financing) by using the same collateral.
The SME Biz Property Extra is positioned as a partially secured financing package that comes with 70% of CGC’s portfolio guarantee (PG) coverage. With CGC’s guarantee, AmBank SME Banking is able to provide applicants with higher term loan facilities and faster financing approval.
“This strategic partnership provides the opportunity for SMEs to access higher margin of financing which is a unique collaboration between AmBank and CGC and it is the first of its kind in the market,” said Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer of AmBank Group.
“With greater margin of financing of up to 148% and high working capital limit of up to RM3 million, we are optimistic that this product will be able to reach a broader segment of the SME community in the country,” added Jade Lee, Managing Director, Retail Banking, AmBank (M) Berhad.
AmBank SME Banking has allocated an initial portfolio size worth RM100 million to reach out to all eligible SME customers for this product. Since January 2015, AmBank Group has commenced seven (7) tranches of Portfolio Guarantees (PGs) with CGC totalling RM1.35 billion, of which RM750 million is under SME Banking sector. The fund size surpasses AmBank SME Banking’s initial target of RM550 million for FY17.
“It has been a very successful collaboration with CGC and we will continue to develop more attractive financing facilities with CGC to grow the SME community,” added David Yeoh, Head of SME Banking.
“We recognise the vital role of SMEs to Malaysia’s sustainable economic development. In this regard, we are committed to collaborate with AmBank to ensure that the SMEs are given the opportunity to expand their business without much difficulties in gaining access to financing,” said CGC’s President/Chief Executive Officer Datuk Mohd Zamree Mohd Ishak.
“I look forward to many more opportunities and successful collaboration between both AmBank and CGC to further enhance our SME outreach nationwide through timely yet effective products and services in years to come,” added Zamree.
Meanwhile, CGC’s Chief Business Officer Leong Weng Choong said: “The PG scheme has proven to be a success, not only in serving our business partner’s needs, but also for their customers with certainty in approval which is almost 100% due to the efficiency of the process as well as hassle-free online application submission and approvals.”
Present at the Launch of SME Biz Property Extra were Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer of AmBank Group, Datuk Mohd Zamree Mohd Ishak, President / Chief Executive Officer of CGC, Jade Lee, Managing Director, Retail Banking, AmBank (M) Berhad, CGC’s Chief Business Officer, Leong Weng Choong and David Yeoh, Head of SME Banking, AmBank, along with the senior management from AmBank and CGC.
The SME Biz Property Extra is opened for applications at all 175 AmBank’s branches nationwide.
BNM's Disaster Relief Facility for SMEs Affected by the Recent Floods
Under this Facility, the affected businesses could obtain financing at a concessionary rate from any commercial bank, Islamic bank and development financial institutions regulated by BNM. BNM will provide 60% guarantee on the financing obtained through Credit Guarantee Corporation Malaysia Berhad (CGC).
The salient features of the Facility are:
• Available to Malaysian SMEs affected in the districts identified by Agensi Pengurusan Bencana Negara as flood disaster areas;
• The maximum amount of financing is RM500,000 per group of companies;
• Financing is for the purpose of repairs/purchases of assets to replace those damaged by the flood and working capital;
• Effective financing rate chargeable is up to 2.25% per annum; and
• The tenure of the financing is up to five years, with a grace period of six months on financing repayments.
Businesses which need assistance can approach participating financial institutions. The Facility is available for application from tomorrow until 31 May 2018.
Financial institutions have also committed to give top priority to all requests for assistance from customers who have been affected by the flood.
Members of the public are advised to contact the customer service centres of their financial institutions directly for enquiries or assistance needed. The public may also contact Bank Negara Malaysia's TELELINK at 1-300-88-5465 for additional information or assistance.
CGC offers Financial Assistance to customers that are affected by the floods
In view of the current flood affecting several states and had disrupted businesses, CGC took the initiative in reaching out to its customers and availing the financing that is required, in order for them to resume business. According to CGC, businesses that are located in towns or districts that are defined as a disaster area by the National Disaster Management Agency (NADMA), Prime Minister’s Department or deemed as a disaster area by CGC, are eligible to the financing under BizBina-i.
CGC’s President / Chief Executive Officer, Datuk Mohd Zamree Mohd Ishak said that the BizBina-i is a financing facility that was developed specifically for its direct guarantee and financing customers in the event of a disaster. “We are very concerned with the situation and with BizBina-i, we hope to ease the difficulties that are faced by our customers” added Zamree.
The BizBina–i, provides financing which range from RM20,000 to RM200,000 with a financing tenure of up to five (5) years, including a moratorium period during the first six (6) months with profit servicing only and for the purpose of working capital and/or asset acquisition. For more information on this financing facility, customers may approach any of its branches nearest to them as it operates through a network of 16 branches nationwide. They can also call CGC’s Client Service Centre at 03-7880-0088 or email [email protected] or visit www.cgc.com.my
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CGC Brings Deepavali Joy to the Needy
KLANG, 16 October – Credit Guarantee Corporation Malaysia Berhad (CGC) brought sparkles of festive joy and cheers to 32 residents from Pusat Jagaan Sai Annai Illam, Pandamaran, Klang in conjunction with upcoming Deepavali celebration.
The Deepavali charity event is one of the annual Corporate Responsibility (CR) initiatives carried out by CGC with the purpose to reach out and spread festive kindness to those in need by providing them with their daily requirement, as well as a new experience in preparing themselves to welcome the festival of lights.
“CGC view the corporate responsibility initiative as an integral part of our corporate values and the focus of our effort is to help as many less fortunate Malaysian communities as possible,” said President and CEO Datuk Mohd Zamree Mohd Ishak, in his speech during the Deepavali Charity Dinner that was held at Klang on Thursday.
All 29 children, two elderly people as well as a single mother were all given RM250 each to buy their festive needs at the Aeon Jusco Bukit Tinggi, Klang. The wide smiles on their faces and eager little footsteps as they entered Aeon Jusco Shopping Mall brought warmth and joy to the CGC staff, who lent a helping hand in making the shopping spree as an exciting and enjoyable experience especially for the children of the orphanage.
The residents of the orphanage were later treated with a lavish dinner at the Premier Hotel, nearby the mall. During the dinner, the children were entertained with a fun-filled clown and magic show performances.
The children and the caretakers also received “pocket money” of RM50 and RM100.00 each respectively from CGC. The children were grinning ear to ear when they received their Deepavali money packets as this is the first time a corporate entity had done a CR program for them in conjunction with Deepavali. CGC also gave cash contribution of RM5,000.00 to the orphanage to ease their cost of operations.
CGC also organises similar CR programmes in conjunction with major festivals and celebrations in Malaysia such as Hari Raya Aidilfitri, Chinese New Year, Harvest and Gawai festivals; as well as, Christmas celebrations.
The festive mood was very much alive when the residents of the orphanage were treated with a shopping spree, sumptuous dinner and cash contributions.
CGC Hosts 27th ACSIC Training Programme
ATP 2017 gathers 46 participants from 14 credit guarantee institutions representing 10 ACSIC member countries namely Indonesia, Japan, Malaysia, Mongolia, Nepal, Philippines, South Korea, Sri Lanka, Taiwan and Thailand.
With this year’s theme “Credit Supplementation Institutions: Going Beyond Guarantee for SMEs”, the training programme will serve as a platform for knowledge sharing, information exchange and to derive innovative ideas amongst the participants.
The focus for ATP 2017 is to strengthen the role of credit supplementation institutions, and to explore the avenues in which the participating Credit Supplementation Institutions could venture into, in order to remain relevant and competitive in the SME financing ecosystem.
According to CGC’s President and Chief Executive Officer, Datuk Mohd Zamree Mohd Ishak: “As the leading financial provider and supporter of the SMEs in Malaysia, CGC shall continue to guide and assist the SMEs to be bold in their strategies so as to move to the next level. The ATP 2017 is a great platform for all of participants to share knowledge and ideas, develop comprehensive and thoughtful blueprints that would chart our path in the coming challenging years.”
“We are honored to be given the mandate to host this year’s training programme as it provides many opportunities for ACSIC members to deepen our relationship so as to promote greater collaboration for the benefit of SMEs in Asia,” he added.
CGC - Glenmarie LRT Station Officially Launched
The CGC-Glenmarie LRT Station is the fourth to be rebranded under the Station Naming Rights Programme by Prasarana Malaysia Berhad (Prasarana), after AirAsia-Bukit Bintang Monorail Station, Bank Rakyat-Bangsar LRT Station, and KL Gateway- Universiti LRT Station.
“The naming rights of CGC-Glenmarie LRT Station would be our maiden effort to utilise LRT station for corporate branding purpose. This is in tandem with our long-term objective and also in line with our ongoing effort to ensure CGC's exposure to the public, in particular LRT passengers,” said CGC Chairman, Dato’ Agil Natt in his welcoming remarks.
The CGC-Glenmarie LRT Station has a massive park and ride facility, an added value to the station. The station is expected to provide the opportunity to reach out to more than five (5) million commuters traveling on Kelana Jaya line on monthly basis.
CGC’s President and CEO Datuk Mohd Zamree Mohd Ishak said: “The renaming of the LRT station to CGC-Glenmarie LRT Station is a key branding exercise for us in line with our Aspiration To Be The Household Name For SMEs by 2020.”
“As CGC marches forward to be the champion of SMEs in the country, we will continue to invest in branding and promotional activities, which in return, grant immense benefit to CGC. By having a LRT station named after CGC, we are encouraged to serve better in a more effective manner to all Malaysian SMEs,” added Zamree.
“Prasarana Malaysia Berhad would like to record our appreciation to CGC for their support to our Station Naming Rights Programme. We firmly believe that this programme provides a win-win formula for CGC and Prasarana as we take the business of advertising and branding to new heights.
“With the increasing ridership for urban rail and public transport as a whole, this programme provides the perfect platform for corporate companies to reach out to their existing and potential clients of their branding and services,” said Prasarana Chief Financial Officer, Encik Megat Khairulazhar Khairodin.
The CGC-Glenmarie LRT Station is located just 100 meters from CGC headquarters and its main branch in Kelana Jaya, Selangor, with 570 parking bays and feeder bus services to encourage more people to use public transport as an alternative to cars, thus reducing traffic congestion.
CGC has also set up an interactive info kiosk for public to get to know more about its products and services, besides exploring alternative financing options available for SMEs. The kiosk also provides facilities such as free Wi-Fi, videos of successful CGC customers displayed to inspire entrepreneurs.
RHB ISLAMIC, FIRST BANK IN M’SIA TO PROVIDE WHOLESALE GUARANTEE ISLAMIC TO BUMIPUTERA SMEs
Today’s partnership signifies RHB Islamic as the first Islamic bank to provide WG-i and the first bank to provide WG-i Bumi scheme under the Programme Financing Module (PFM). “We understand the challenges faced by SMEs in expanding and growing their businesses, as such today’s partnership with CGC is testament to RHB’s commitment in creating synergy in the financial services sector to provide our customers with better options and facilities that are sustainable,” said Dato’ Adissadikin Ali, Managing Director of RHB Islamic Bank Berhad.
“As the demand of the business landscape evolves, we are cognisant that we need to continuously improve and innovate our products and services to cater to our customers’ business needs,” added Dato’ Adissadikin.
CGC’s President and CEO, Datuk Mohd Zamree Mohd Ishak said the WG-i Bumi with RHB marks another milestone in the financing of Bumiputera SMEs in the country.
“We are confident that more banks will collaborate with CGC for guarantee services to reduce risk on the books of financial institutions and freeing up capital to allow increased capacity for more SME financing,” said Mohd Zamree.
The collaboration for the WG-i scheme is set to enhance the position of the existing selected portfolio in terms of its asset quality. The WG-i is an avenue for better management of capital charge for the SME portfolio in order to provide competitive financing packages in terms of pricing among others. With WG-i, SMEs can leverage on the guarantee provided by CGC on portfolio basis which in turn will create opportunities for better cash flow management for the SMEs as compared to the traditional product offerings available in the market.
Seventy-two (72) existing Islamic Bumiputera SME customers under the SME portfolio will benefit from this scheme conforming to the predetermined eligibility criteria set by both CGC and RHB Islamic.
CGC Appoints Jessica Chew Cheng Lian as Director
Jessica Chew brings in over 20 years of experience in financial sector regulation and supervision. Currently, she is the Assistant Governor of Bank Negara Malaysia (BNM) and is responsible for development policies in the banking and insurance sectors - focusing on efficiency, innovation, market institutions and structures, development finance and talent development. She is also responsible for payments systems development and regulation, and oversight of money services business. Her experience also includes audits of insurance companies, formulation of prudential and market conduct policies for banks and insurance companies, and macro-financial surveillance.
Jessica Chew is currently an adviser on the Malaysian Accounting Standards Board, Board Member of the Credit Counselling and Debt Management Agency (Malaysia) and Chairman of the Finance Accreditation Agency (Malaysia) representing BNM.
Jessica Chew holds a Bachelor of Commerce Degree with a major in accounting and finance from the University of Melbourne, Australia. She is also an Associate Member of CPA Australia.
CGC Inks MoU to Support Sub-Contractors of the Pan Borneo Highway Project
The MoU was inked between CGC, RHB Islamic Bank Berhad, SME Bank Berhad, Syarikat Jaminan Pinjaman Perniagaan (SJPP) and Unit Peneraju Agenda Bumiputera (TERAJU) at Kuching, Sarawak. The signing ceremony was hosted by TERAJU. Also present at the event was Lebuhraya Borneo Utara Sdn Bhd (LBU), the Project Delivery Partner (PDP) for the development and upgrading of Pan Borneo Highway project.
Speaking after the signing ceremony, CGC’s President and CEO Datuk Mohd Zamree Mohd Ishak said: “We are pleased to partner with TERAJU, LBU, RHB Islamic, SME Bank, and SJPP in this large-scale infrastructure development project. The MoU is in line with our business model to form strategic partnership to assist potentially viable and capable SMEs in obtaining financing from the financial institutions or through direct lending from CGC.”
CGC provide guarantees to Small and Medium Entrepreneurs (SMEs) with potentially viable businesses but lack the collateral and track record to obtain financing. It also provides direct financing for underserved segments. It currently manages 19 guarantee/financing facilities including Government-backed schemes to assist SMEs nationwide and supporting the national SME development agenda.
CGC unveils ‘CGC SME Apprentice Scheme’
KUALA LUMPUR, August 3 – The “CGC SME Apprentice Scheme” or CGC SAS, is a landmark apprentice scheme by Credit Guarantee Corporation Malaysia Berhad (CGC) to provide on-the-job training skills to unemployed Technical and Vocational Education and Training (TVET) graduates.
The CGC SAS is unique as it focuses on TVET graduates, particularly on developing much needed skills for the current job market, besides encourage them to explore entrepreneurship as their career option, moving forward. Under this scheme, CGC assist unemployed TVET graduates in securing a one-year working engagement at selected SMEs who were involved in the interview process. The apprentice scheme kicked-off in May 2017 and will end in May 2018.
The apprenticeship scheme is different from the rest as CGC will pay 90% of the cost, which include the monthly salaries, employment benefits and statutory contributions whilst the remaining 10% will be borne by the participating SMEs. In total, CGC will be spending more than half a million ringgit to undertake this apprentice scheme and this is part of its corporate responsibility activity.
The Deputy Minister of Youth and Sports, YB Datuk M. Saravanan launched the ‘CGC SME Apprentice Scheme’ at Lanai Kijang, Kuala Lumpur, today.
In his opening remarks, YB Datuk M. Saravanan said:” Entrepreneurship is the seed that grows jobs. Starting a business increases competition in the market, creates jobs and promotes sustainable growth in the greater economy – all of which are key to tackling youth unemployment.
“Initiatives such as CGC’s SME Apprentice Scheme are in sync with the current manpower needs of the country. A big shout-out to the participating SMEs and apprentices here. This is a useful platform to promote connectivity between TVET graduates, SMEs and the real job market, besides serving as the starting point for the apprentices to galvanise and continue to contribute in innovation, creativity and inclusion of competitive entrepreneurship. I tend to agree that in order to ensure continuous growth of our economy, all parties must work together as one big team. Valuable talents must be nurtured and not be limited to a specific group.”
CGC’s Chairman Dato’ Agil Natt in his speech said that CGC aspire to continue to contribute to the nation building agenda with particular emphasis on developing human capital for SMEs.
“We think that by providing this training opportunity for TVET graduates, more aspiring students will undertake studies at TVET colleges and eventually become entrepreneurs by starting their own SMEs,” said Agil.
Meanwhile, CGC’s President and Chief Executive Officer Datuk Mohd Zamree Mohd Ishak said: “CGC SAS addresses two most talked about needs, ie TVET graduates’ need for employment and exposure to become successful entrepreneurs and SMEs’ need for skilled workers that matches their respective DNA. We really do go beyond financing to assist the SMEs and the CGC SAS is testimony of our on-going effort.”
10 apprentices have already joined the 10 respective participating SMEs located in Johor, Kelantan, Pahang, Perak, Sabah, Sarawak and Selangor. The 10 SMEs are in businesses such as agro-based manufacturer, civil/electrical contractor, construction, green technology, human resource agency, IT solutions, laundry services and the oil & gas Industry.
CGC Bags Karlsruhe Award For The Third Consecutive Year
The Certificate of Merit, an unprecedented back-to-back recognition for CGC's extraordinary performance in enabling access to financing for Bumiputera contractors involved in the second phase development of the Mass Rapid Transit (MRT) project, under Tabung Projek Usahawan Bumiputera-i (TPUB-i). The TPUB-i has also offered financing access to various other high-impact national infrastructure projects such as the MRT, LRT, Pan Borneo Highway & Pengerang Integrated Petroleum Complex.
CGC President/CEO Datuk Mohd Zamree Mohd Ishak received the certificate from Lord Mayor Dr. Frank Mentrup on behalf of the CGC in the Karlsruhe Sustainable Finance Award Ceremony held in conjunction with the Global Sustainable Finance Conference in Germany, today.
Zamree said: "Winning the Certificate of Merit is a validation of our commitment and leadership in practicing sustainability in all layers of our operations. We are delighted to be presented with this Certificate of Merit. It is a testimonial to the unwavering support that we have enjoyed from our clients over the years, coupled with the hard work we have invested in line with our five-year strategy ‘To be the Household Name for SMEs by 2020’."
The Karlsruhe Sustainable Finance Award honours financial institutions and organisations with significant contribution to the field of sustainable financing. Karlsruhe is a forward thinking, cultured city in Germany. It is a hub of science and technology, Germany's online capital and the home of the Federal Court of Justice.
In June 2015, CGC won the Karlsruhe Sustainable Finance Award for The BizMula-i product, under Best Innovation in Financial Services category.
Last year, CGC was awarded the Certificate of Merit under the best innovation in Sustainable Financial Products and Services category for BizWanita-i at the Karlsruhe Sustainable Finance Awards 2016.
TPUB-i was launched in 2009, to provide easy access to Bumiputera SMEs with up to RM3 million in financial assistance for first time applicants and up to RM5 million for subsequent applications. Since its inception, RM1.06 billion has been approved benefiting over 1440 Bumiputera Contractors.
CGC extends Raya shopping experience to the needy
The ’Majlis Berbuka Puasa’ is an annual event hosted by CGC in the month of Ramadhan to foster closer relationship and strengthen ties among deserving segment of our community and CGC.
“I am glad to be here among our children, not only from the Asrama Damai Kuang, but also the children of our staff to Buka Puasa and together we hope to reap the ‘barakah’ that the holy month of Ramadhan brings. Ramadhan, paves the way for us to look into ourselves and be grateful for the plentiful ‘nikmat’ that has been bestowed upon us, while at the same time, not forgetting those who are in need,” said CGC’s President/CEO Datuk Mohd Zamree Mohd Ishak during CGC’s ‘Majlis Berbuka Puasa’ on Friday.
Championing the spirit of sharing, CGC has also extended RM5,000 in financial support to Asrama Damai Kuang, to ease the daily expenditure incurred in operating the orphanage.
In addition, the orphans and single mothers were presented with ‘duit raya’ and door gifts by CGC Chairman Dato’ Agil Natt, CGC Board of Directors and Zamree.
CGC also provided ‘duit raya’ for children of CGC staff, as a way of spreading its care and appreciation to its employees on this auspicious month of Ramadhan.
“This event is made possible with the involvement of all of us in CGC. It is a memorable event as we are able to contribute to our community especially those who are less fortunate,” added Zamree.
CGC brought Gawai Harvest Festival cheers to 59 pre-school students Sarawak
SK ST. John is currently home to over 300 students, comprised of standard one (1) to six (6), mostly of Bidayuh descent. Currently, the pre-school at SK ST. John lacks basic facilities such as tables and chairs as well as book racks. The insufficient supply of facilities is also hampering the teacher’s efforts to carry out their noble duties efficiently and effectively.
Taking into consideration the financial constraints faced by SK ST. John, CGC has contributed RM10,000 to enable the school to upgrade the facilities at the pre-school and provide a conducive learning environment for the students. CGC’s Chief Business Officer, Leong Weng Choong presented the cash contribution to the headmaster of SK ST. John, Mr. Litercelon Kaon Anak Juin.
“The event today is one of our many corporate responsibility (CR) initiatives that CGC has undertaken to reach out to the various communities and also the under-privileged members of the society in Sarawak. At CGC, we believe that corporate success is meaningless without giving it back to the society, and that is why we are here today,” said Leong.
Leong said CR exists in every aspect of CGC’s business and operations, where its focus is aligned towards developing sustainable community through shared value creation for the small and medium industries and also for the needy people.
“We hope our contribution today will motivate the students and teachers here to continue their day-to-day activities in a more education-friendly and conducive environment,” added Leong.
Meanwhile, Mr. Litercelon Kaon said: “We are thankful for the fact that corporations such as CGC go out of their way to extend their assistance in providing a conducive learning environment to our students. This means a lot to us.”
CGC also organised a colouring contest and interactive game activities with the SK ST. John pre-school students and later treated them with a sumptuous luncheon.
CGC’s Gawai CR programme with SK ST. John saw the participation of CGC staff from their branch office in Kuching and its head office in Petaling Jaya, Selangor.
In the last two (2) years, CGC has contributed more than RM400,000 through its CR programmes as part of its effort in lending a helping hand and reaching out to all cross-section of the society nationwide.
Among CGC’s other efforts to provide assistance to the society include “Back-to-School” programme for the Orang Asli children, blood donation campaigns, Majlis Berbuka Puasa with underprivileged children and festive shopping spree in conjunction with the Chinese New Year and Deepavali celebrations.
CGC brings Pesta Keamatan cheer to 35 beneficiaries from Sabah Cheshire Home
Sabah Cheshire Home is a private, non-profit and charitable organization, which provides care for individuals with disabilities irrespective of race, religion and culture working with them to help them to live independently, in promoting and implementation of independent living in exercising their rights.
“We are delighted to share the joy of festive mood with the residents of Sabah Cheshire Home this evening. This programme exhibit as one of our many initiatives in contributing and providing financial and moral support to the special members of the society especially during the festive season,” said CGC's President / Chief Executive Officer, Datuk Mohd Zamree Mohd Ishak.
“We truly understand the significance of the festivals celebrated by the various ethnic groups. This time of year, we are reaching out to the community in Kota Kinabalu and we hope that our humble contribution will not only ease their financial burden but also give them hope, cheer and happiness during this joyous time of the year,” added Zamree.
A cash contribution of RM10,000 was presented by CGC's Senior Vice President of Strategic Planning, Mohd Reza Mohd Hatta and CGC's Kota Kinabalu Assistant Manager to the State Manager of Sabah Cheshire Home, Ms. Jenifer Liew.
“We appreciate CGC’s generosity in organising a charity dinner for the residents of Sabah Cheshire Home. In line with the home’s objective to create an enabling environment for our residents to lead a normal life within their capabilities within the society, every contribution helps to fulfil the residents’ wish of celebrating Pesta Keamatan like anyone else”, said Jenifer.
CGC's Pesta Keamatan CSR programme with Sabah Cheshire Home saw the participation of CGC staff from both its headquarters in Kelana Jaya, Selangor as well as its Kota Kinabalu branch.
According to Zamree, CGC’s CSR programme is an ongoing effort in fulfilling its responsibility as a responsible corporate citizen. By incorporating these values, we hope to engage with the society, be it our customers, stakeholders or society at-large in a meaningful way.
Throughout the year, CGC had extended aid and financial assistance towards various causes. In support of various community segments in the country, CGC had organised various CSR programmes in conjunction with major festivals in Malaysia.
In the last two (2) years, CGC has contributed about RM350,000.00 through the Corporate Social Responsibility programmes as part of its initiatives in giving back to the society.
CGC Honours Top Banks and Outstanding Customers and also Unveiled its New Logo
CGC honoured leading FIs in four (4) different categories namely the ‘Top FI Partner (overall category)’, ‘Best Financial Partner’, ‘Top Bumiputera FI Partner’ and the ‘Top FI Partner (Islamic Banks)’. The winners of the Top FI Partner Award (overall category) were Malayan Banking Berhad (Maybank), Maybank Islamic Berhad, CIMB Bank Berhad and Standard Chartered Bank Berhad. The awards were presented to the respective banks for their significant contributions towards CGC’s overall SME financing, through its guarantee schemes.
Maybank also bagged the ‘Best Financial Partner Award’ whilst Maybank Islamic Berhad; on the other hand, received an addition of two (2) other awards; namely, the ‘Top Bumiputera FI Partner Award’ for having contributed the most financing assistance towards the Bumiputera SMEs; as well as, the ‘Top FI Partner Award (Islamic Banks)’.
The award recipients were selected based on a set of criteria which include amongst others, the number and value of financing guaranteed, the total financing amount that was guaranteed to the Bumiputera customers; net income growth and rate of default.
In terms of contributions to SME financing, the four (4) award recipients contributed about RM2.1 billion, representing 50% of the total financing amount and 4,151 financing, representing 55% from the total number of financing that was approved by CGC in 2016, respectively.
In 2016, CGC has approved a total of 7,568 guarantees and financing valued at RM4.2 billion.
In his welcoming speech, CGC’s Chairman, Dato’ Agil Natt said that CGC's SME Awards is aimed at celebrating our partnership with financial institutions in facilitating the access to financing by SMEs.
CGC’s President / Chief Executive Officer, Datuk Mohd Zamree Mohd Ishak said “We truly value the continued support and confidence of the FIs towards CGC, in achieving our common objectives. The various strategic partnerships that have been forged between CGC and the FIs has resulted in a notable impact on our SME outreach initiatives."
In 2017, CGC targets to approve 9,500 guarantees and financing valued at RM4.7 billion through its array of guarantee and financing products.
"We will explore new avenues and financing options to further enhance our financial and advisory services in Powering Malaysian SMEs,” added Zamree.
CGC's Recognition for its Customers
Apart from the Top FI Partner Awards Program, CGC went one step further in recognizing their valued customers who have ‘graduated’ from CGC’s guarantee schemes and demonstrated excellent credit track record. CGC’s customers with good repayment track record on their financing facilities and were offered rebates for their guarantee fees, received the ‘Exemplary Customer Award’ whilst those who were once dependent on CGC’s guarantee to gain access to financing but now no longer require it due to their creditable credit track record and success in business, were awarded the ‘Excellent Customer Award’.
"These recognitions were given to our customers to demonstrate our appreciation and to value their trust and confidence in doing business with CGC," said Zamree.
"It is also our responsibility to nurture good credit culture amongst the SMEs. This practice would illustrate our conscious effort that is being undertaken to improve their credit track record, credit ratings and bankability," added Zamree.
Launch of CGC's New Logo
CGC also launched its new logo as part of its initiatives in enhancing its brand presence amongst the public, particularly the SME community.
"The new logo with its striking simplicity, embodies our progressive corporate spirit. We aim to elevate the level of awareness on CGC among the SME community with the launch of our new logo.” clarified Dato' Agil.
Zamree further added that the concept behind the introduction of the new logo is in line with CGC’s core business, with the emphasise on the letter 'G' - which signifies ‘Guarantee’, to further assist the SMEs in gaining access to financing.
*Note : The details, design and info pack of CGC's new logo is available as per the link - https://app.box.com/v/cgc-new-logo
CGC’s New Logo Launch and 22nd SME Awards ceremony were held in conjunction with CGC's 44th Annual General Meeting. The event was officiated by YB Datuk Seri Johari Abdul Ghani, Minister of Finance II, at Royale Chulan Kuala Lumpur. Also present at the awards ceremony were CGC's Chairman, Dato' Agil Natt, CGC Board Members, CGC's President / Chief Executive Officer, Datuk Mohd Zamree Mohd Ishak, officials from Bank Negara Malaysia and the various representatives from the financial institutions, agencies, business associations and chambers.
CGC In Collaboration with EXIM Bank Malaysia Treats Orphans to a Fun-Filled Day at Zoo Negara
Madrasah Hashimiah (MH) located in Selayang is home to more than a hundred Rohingya children whom are refugees aging from 4 years old up to 18 years old. This home derived its source of income solely through donations from corporate companies, non-governmental organizations (NGOs), charitable organizations, zakat and personal donation to sustain their monthly expenses.
The idea to bring these children for a visit to Zoo Negara was a heartfelt intention to give an opportunity for them to experience outdoor activities and at the same time to gain knowledge on the preservation and conservation of animals at Zoo Negara. The children were taken around Zoo Negara for a tour by zoo tour guides, educating them on types of animal species and the importance of these animals to the ecosystem. They were also treated to a show performance by a pair of Macaw Birds which was sponsored by EXIM Bank.
Earlier in the year, EXIM Bank had also donated to Madrasah Hashimiah (MH) to purchase household items and food supplies for the upkeep of the home.
This first ever collaborative effort between the two (2) Financial Institutions was attended by Senior Management members from both organizations. Among them were Datuk Mat Noor, EXIM Bank Chairman, Dato’ Agil Natt, CGC Chairman, Datuk Mohd Zamree, CGC P/CEO and Pn. Norzilah Mohammed, EXIM Bank P/CEO. Apart from cultivating the spirit of sharing and giving, this collaborative initiative also marks another milestone in EXIM Bank’s efforts to improve its standing on various other CSR efforts moving forward.
CGC and AmBank signs Portfolio Guarantee agreement
The signing ceremony today is a progression of the ongoing strategic collaboration between AmBank and CGC. Through this partnership, both AmBank and CGC have committed to extend an additional of RM200 million financing for eligible SME businesses.
This marks a continuation of the SME Portfolio Guarantee, which was launched in September 2016; whereby, a sum of RM150 million was allocated and fully subscribed within five months.
Under this scheme, eligible SMEs can apply for financing facilities of up to RM 1 million from AmBank SME for the repayment tenure of up to seven years. Seventy percent of the principal financing amount will be guaranteed by CGC.
The partnership agreement was signed by Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer of AmBank Group, together with Datuk Mohd Zamree Mohd Ishak, President/Chief Executive Officer of CGC. It was witnessed by Tan Sri Azman Hashim, Chairman of AmBank Group and Dato’ Agil Natt, Chairman of CGC.
Dato’ Sulaiman said, “We are pleased to strengthen our partnership with CGC through this SME Portfolio Guarantee agreement, where we have extended a further sum of RM200 million to support the growing demands of the SME industry and our customers.”
“Overall, AmBank SME Banking and CGC’s SME Portfolio Guarantee Scheme have allocated a total of RM350 million to support the SME businesses in providing working capital financing to qualified borrowers who lack collateral.”
“This partnership is in line with the Bank’s aim to expand our SME space in the market. This is also a part of our bigger aspirations for 2020 and part of this growth is to ensure that creditworthy SMEs have access to financing, for working capital and investment to grow their business.” Dato’ Sulaiman further commented.
AmBank SME business solutions provide innovative resolutions that are suited for SMEs that are looking to expand their business reach and the SME Portfolio Guarantee will be available at all AmBank branches nationwide. The products include Business Premise Loan, Bank Guarantee OTC, [email protected], AmSignature Priority Banking and Business Current Account.
"With the success of the first tranche of RM150 million which we inked with AmBank back in September 2016, we are pleased to collaborate once again with AmBank on a second tranche valued at RM200 million" said CGC's President / Chief Executive Officer, Datuk Mohd Zamree Mohd Ishak.
"This is our fourth PG strategic partnership with AmBank and to date, we have availed RM950 million worth of financing via our PG scheme. I look forward to many more opportunities to further increase access to financing for SMEs in Malaysia." said Datuk Zamree.
Zamree further explained that it is imperative for CGC to continuously explore new avenues in providing further access to financing for SMEs, by providing impactful guarantee and financing products.
He added that such initiatives will hasten the achievement of CGC's aspiration to be the Household Name for SMEs by 2020.
CGC Appoints Choong Tuck Oon as Director
Choong specialises in technology, strategy and transformation in both the banking and insurance industries. He is also an active member of the digital start-up ecosystem in ASEAN, where he is frequently called upon for advise with regards to digital and FinTech based programmes.
Choong was with Accenture for 24 years, where he retired as a Senior Partner of Financial Services in the Asia-Pacific. He has led strategic initiatives with more than 20 large domestic and global banks and insurers in Malaysia, Singapore, Indonesia, Thailand, China, Hong Kong and Taiwan, including national payment projects in Malaysia and Singapore. Choong started his career in Petronas where he held the Executive position for more than seven (7) years in various upstream and downstream functions.
Choong is currently an Independent Non-Executive Director (INED) on the Boards of FIDE Forum Malaysia and NTUC Income Insurance Cooperative Singapore. He was previously the INED for the Boards of RHB Bank, RHB Islamic Bank, RHB Indochina Bank, RHB Indochina Securities and RHB Private Equity.
Choong holds a Bachelor of Science (First Class) in Mathematics from the University of Malaya, Masters of Science in Computer Applications from the Asian Institute of Technology and Executive Diploma in Directorship from the Singapore Management University.
CGC-BSN Enter into Strategic Partnership to Enhance Micro Financing
Under the PG scheme, micro enterprises can apply for either Islamic or Conventional financing facilities from BSN, from a minimum of RM5,000 up to a maximum of RM50,000 and at a fixed tenure of five years. CGC will provide guarantee of up to 70% of the approved financing amount by the Bank via its Portfolio Guarantee scheme.
CGC's President / Chief Executive Officer, Datuk Mohd Zamree Mohd Ishak said this agreement marks CGC's first collaboration with BSN to support micro business segment in the country. “We are committed to address the challenges faced by this segment and are confident that our collaboration with BSN will not only create additional financing facilities but also financing avenues through its extensive network nationwide."
Zamree said that through this joint effort, CGC is targeting to reach out to about 2,500 Bumiputera and non-Bumiputera micro businesses throughout the country. ‘We are confident of achieving this target as this PG is tailored to suit their business needs in terms of financing amount besides speed of approval and disbursement,” he said. “Importantly, this partnership provides a convenient way for micro businesses to gain access to financing.”
"We are looking at exciting times ahead through our partnership with BSN as the significant step taken today will open many more gateways and opportunities for both parties to join hands in uplifting micro enterprises to another level,” said Zamree.
As an intermediary dedicated to SME development, CGC remains committed to improving its SME outreach through its various programmes and initiatives undertaken to serve the needs of SMEs through financial and other advisory support services more effectively.
"In 2016, we availed about 7,500 guarantees and financing to SMEs valued at RM4.2 billion of which RM3.1 billion (or 74%) were via our PG / Wholesale Guarantee (WG) schemes,” said Zamree.
“As for the current year, we are targeting to provide RM4.7 billion of financing to about 9,500 SMEs, which translates to an increase of 12% and 26% respectively," he added.
Since its inception in 1972, CGC has availed over 444,700 guarantees and financing to SMEs valued over RM63.6 billion.
Meanwhile, BSN Chairman, Tan Sri Abu Bakar Abdullah said, “the collaboration with CGC today, demonstrates our unified effort in providing financial assistance to eligible and viable Micro Enterprises and help spur their transformation progress into SMEs”.
“As our vision roars No Malaysian Left Behind, we promise that we will provide a better life for our customers. I truly believe that this collaboration will strengthen the quality of the borrowers at the same time on a bigger agenda would allow BSN to assist more micro borrowers and ultimately help to stimulate the economy of the country. Championing the financial inclusion initiative is part of our mandated role to ensure and provide prudent banking accessibility to the relevant micro finance borrowers”.
The partnership agreement was signed by CGC's President / CEO, Datuk Mohd Zamree Mohd Ishak and BSN's Deputy Chief Executive of Strategy and Communications, Kameel Abdul Halim. It was witnessed by the Deputy Finance Minister I, YB Dato' Wira Othman Aziz, CGC's Chairman, Dato' Agil Natt and BSN's Chairman, Tan Sri Abu Bakar Hj. Abdullah.
CGC brings festive cheer to 30 urban poor families
“This Chinese New Year do is a part of CGC’s annual Corporate Social Responsibility (CSR) initiative that is aimed at offering a helping hand to these special families in order for them to be able to celebrate Chinese New Year,” said CGC’s President and Chief Executive Officer, Datuk Mohd Zamree Mohd Ishak.
“This CSR initiative is carried out with the hope that it could relieve the challenges faced by these families and at the same time, leave a smile on their faces,” added Zamree.
Each family received TESCO shopping vouchers worth RM300.00 from CGC to shop for the upcoming Chinese New Year festival.
CGC also contributed a sum of RM5,000 to Kechara Soup Kitchen in support of their noteworthy cause that is aimed at lending a helping hand to the urban poor. The contribution to Kechara Soup Kitchen was presented by Datuk Zamree to the President of Kechara Soup Kitchen, Mr. Henry Ooi.
Aside from the shopping spree activity, the event’s agenda also saw the families being treated to a sumptuous luncheon and the unforgettable must-haves during the Chinese New Year – the lion dance performance and the tossing of the traditional dish – Yee Sang, which symbolized prosperity, longevity and good luck. The tossing of the Yee Sang was led by both Presidents and participated by the families as well as the Management and staff from both sides, who simultaneously exchanged Chinese New Year greetings.
CGC’s Chinese New Year luncheon that was held at Hotel Armada, Petaling Jaya saw the participation of 130 guests from 30 special families, Mr. Henry and his team from Kechara Soup Kitchen as well as Datuk Zamree and his team from CGC.