28 February 2017, Kota Kinabalu, Sabah - SME Bank is offering a special financing package to vendors and contractors of class G1 to G7 who are awarded contracts by the Borneo Highway PDP Sdn. Bhd. This is to ensure their financial needs are secured and able to deliver the project according to the predetermined schedule. The financing package is special because it allows the contractors or vendors to start the project in advance through a 15% early disbursement from their overall approved financing amount. Among the packages offered to support the Pan Borneo Sabah Highway Project are the Contract Financing, i-REACH or Rolling Expenditure Advance Cash Scheme and few other financing programmes.
In supporting the Government's efforts, SME Bank has implemented various programmes in meeting the financial needs of the SMEs community and nurturing their development This programme is also a part of SME Bank’s nationwide engagement sessions which started in January and held at four locations in Kuala Lumpur, Batu Pahat, Kuching and Kota Bharu. The programme was officiated by YB. Datuk Seri Panglima Michael Asang, Assistant to the Sabah Minister of Finance cum ADUN for Labuk, Sabah.
YB. Datuk Seri Panglima Michael Asang, Assistant to the Sabah Minister of Finance cum ADUN Labuk delivering his speech during the programme
Guests listening to the presentation by SME Bank
2nd from left: YB Datuk Seri Panglima Michael Asang, Assistant to the Sabah Minister of Finance cum ADUN Labuk
with SME Bank Senior Management during the press conference