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News & Events

[ 01-11-2012 ]
SMEs learn how to get funding at conference

JOHOR BAHRU: ABOUT 200 business owners attended the Small-Medium Enterprises (SME) Business Conference 2012 to Empower Malaysian SMEs at KSL Resort, here.

smes

Teh Kee Sin (right) visits the Maxis booth at the SME Business Conference 2012 to Empower Malaysian SMEs. Pic by Nur Aisyah Mazalan

To address the key challenges facing SMEs today, several topics were discussed. These included competing in the local and global markets, getting the funds to expand, branding and attracting fresh talent, among others.

It was also a platform for participants to share and network with one another as well as with industry experts.

The speakers included Maxis commercial and SME business general manager Kenneth Lee, Les' Copaque Production Sdn Bhd managing director Burhanuddin Md Radzi and Alliance Bank head of southern region Fong Hon Meng.

Burhanuddin, producer of the animated Upin and Ipin series, talked about the impact of technology on social behaviour.

He also shared his experiences of working with fresh young talents. and how the twins Upin and Ipin grew to become household names

Les' Copaque is a 3D animation studio that focuses on its own productions. It was established in Dec 13 in 2005.

Small-Medium Industries (SMI) Association of Malaysia national president Teh Kee Sin, who is also SME Association of South Johor president, declared the event open.

At the press conference later, Teh praised the recently-unveiled Budget 2013 and urged SMEs to fully utilise all five of the budget's allocations, which are RM1 billion provided under the SME Development Scheme, RM200 million for the Halal Industry Fund to encourage SMEs to export their products, the usage of intellectual property rights as collateral to secure loans, RM2 billion to promote green technology products with the application period extended to the end of 2015, and RM50 million for soft loans in the Young Entrepreneurs Fund.

"Funding is always a challenge for SMEs. I hope the SMEs will keep up with developments on the budget allocations beginning next year, and know how to fully utilise them," Teh said.