KUALA LUMPUR: Hong Leong Bank Berhad has allocated RM2.5bil for the development of small and medium enterprises (SMEs) for its next financial year starting July 1.

Hong Leong Group Managing Director and Chief Executive Officer, Domenic Fuda said SMEs played a huge role in contributing to Malaysia’s gross domestic product (GDP) and this is expected to grow further in the future.

“SMEs contribute 37 per cent of the GDP currently and is expected to exceed 40 per cent in the future”

“Hence, it is important for these SMEs to have the right tools for their business, especially in this digital age,” he told a press conference after the launch of Hong Leong Digital Business Solutions on Wednesday.

Source: The Star

Photo Credit: The Star