Latest news with #MTCs
The Star
3 days ago
- Business
- The Star
Khazanah's Dana Impak initiative a boost for MTCs
Khazanah Nasional Bhd managing director Datuk Amirul Feisal Wan Zahir. PETALING JAYA: More than 100 mid-tier companies (MTCs) in Malaysia are being honed to level-up via efforts by Khazanah Nasional Bhd's initiative, Dana Impak. In Malaysia, MTCs contribute about 36% to the country's gross domestic product and employ some 16% of the national workforce. In a statement, the sovereign wealth fund said these will include a dual-track approach of capacity development and mobilising growth capital via private credit and private equity strategies. Managing director Datuk Amirul Feisal Wan Zahir said through Dana Impak, the group aims to be both a catalyst and a connector by identifying gaps in the ecosystem, deploying patient capital where markets are underserved, and investing in talent among others. 'Our focus on levelling up Malaysian MTCs represent our Advancing Malaysia strategy to enhance the country's economic competitiveness and resilience,' he said. He added among the initiatives included were the Elevate Programme, a four-month executive leadership programme established by the Securities Commission's affiliate, Capital Markets Malaysia (CMM) with the aim of preparing small and medium enterprises (SMEs) and MTCs for successful capital raising. 'As part of Khazanah's efforts to support MTCs access to the capital markets and strengthen their fundraising capabilities, Khazanah together with CMM will jointly fund MTCs participants in Elevate cohorts until 2027,' it said. Another initiative is the MTC Growth Innovation Programme (MGIP), designed to equip MTCs with the skill sets to venture into new markets or expand into new business segments. Khazanah said there will be masterclasses on customer-centricity, enterprise innovation and business expansion plan validation, while companies will have diagnostic support and executive coaching. MGIP participants such as Enda Group Sdn Bhd said challenges faced as MTC's are distinct from those of SMEs. 'That's what drew us to join MGIP as it is a programme that understands what it takes to scale a business like ours,' said group chief executive officer Mohammad Munzir Aminuddin. According to Amirul, Khazanah's private credit strategy under Dana Impak aims to accelerate the growth of Malaysian MTCs with non-dilutive financing solutions. 'In line with this effort, Khazanah is pleased to announce its partnerships with Navis Capital Partners and Granite Asia,' he said. Under the private equity strategy, Khazanah announced a partnership with Creador, to accelerate regional expansion and drive growth within MTCs through its value creation capabilities. Meanwhile, Khazanah said there are opportunities for MTC's to apply for the next MGIP cohort, which will commence in the third quarter of this year.
New Straits Times
3 days ago
- Business
- New Straits Times
Khazanah boosts support for mid-tier companies
KUALA LUMPUR: Khazanah Nasional Bhd is ramping up support for domestic mid-tier companies (MTCs) through a dual-track strategy under its Dana Impak initiative. This approach combines capacity building with growth capital through private credit and private equity. The initiative aims to benefit over 100 MTCs by strengthening capabilities, improving access to funding and driving innovation-led growth. "Khazanah's private credit strategy under Dana Impak aims to accelerate the growth of Malaysian MTCs through non-dilutive financing solutions," it said in a statement. Khazanah is partnering with Navis Capital Partners, a Kuala Lumpur-based Asean-focused investment firm, and Granite Asia, to provide customised credit solutions that support the growth of local MTCs. Under its private equity track, the sovereign wealth fund is also working with experienced fund managers to help MTCs scale up, enter regional markets, and enhance operations. It also announced a partnership with Malaysian private equity firm Creador, known for helping growth-stage companies expand regionally and unlock performance through value creation. Khazanah managing director Datuk Amirul Feisal Wan Zahir said that through Dana Impak, the fund serves as both catalyst and connector. It addresses gaps in the ecosystem, providing long-term capital where the market falls short, investing in talent, and attracting private investors. "Our focus on levelling up Malaysian MTCs represents our Advancing Malaysia strategy to enhance Malaysia's economic competitiveness and resilience.
The Star
4 days ago
- Business
- The Star
Khazanah supports over 100 Malaysian MTCs through dual-track growth strategy
Khazanah Nasional Bhd managing director Datuk Amirul Feisal Wan Zahir. KUALA LUMPUR: Khazanah Nasional, through Dana Impak, is supporting over 100 Malaysian mid-tier companies (MTCs) through a dual-track approach involving capacity development and growth capital via private credit and equity. The aim is to strengthen capabilities, expand capital access, and drive innovation-led growth as MTCs navigate a fast-changing economic landscape. 'Through Dana Impak, we act as both catalyst and connector – identifying gaps in the ecosystem, deploying patient capital where markets underserve, investing in talent and helping to crowd in private investors, requiring a whole-of-nation approach to foster innovation and fuel long-term growth,' Khazanah managing director Datuk Amirul Feisal Wan Zahir said in a statement. 'Our focus on levelling up Malaysian MTCs represent our Advancing Malaysia strategy to enhance Malaysia's economic competitiveness and resilience. We are pleased to welcome our partners on this journey to unlock the full potential of Malaysian MTCs,' he added. Meanwhile, Securities Commission (SC) executive chairman Datuk Mohammad Faiz Azmi said MTCs in Malaysia act as a crucial growth engine by enhancing industrial output, creating jobs, fostering innovation and contributing a significant 36% to national gross domestic product (GDP). 'Through our 5 Year MSME & MTC Roadmap (2024–2028) the SC plays a central role in supporting MTCs in Malaysia by enhancing their access to funding, market-readiness, and strategic growth opportunities via the capital markets. 'We commend Khazanah's efforts and support of the SC's long-term goal to ensure a more inclusive and holistic capital market fundraising ecosystem,' Mohammad Faiz said. Khazanah's private credit strategy under Dana Impak aims to accelerate the growth of Malaysian MTCs through non-dilutive financing. To support this, Khazanah is partnering with Navis Capital Partners and Granite Asia to offer tailored credit solutions for MTC growth and expansion. Under its private equity strategy, Khazanah aims to help Malaysian MTCs scale, expand regionally, and strengthen operations by partnering with experienced fund managers. To drive this effort, Khazanah is partnering with Creador, a Malaysian PE firm with a strong regional presence and track record in supporting growth-stage companies. Khazanah invites Malaysian MTCs to apply for the next MGIP cohort starting in Q3 2025. Eligible companies shall be Malaysian-owned, privately held, with annual revenue between RM20mil/RM50mil and RM500mil (services/manufacturing), a profitable track record, and a strong innovation mindset. For more information visit:
New Straits Times
4 days ago
- Business
- New Straits Times
Khazanah rolls out dual-track strategy to boost mid-tier firms
KUALA LUMPUR: Khazanah Nasional Bhd is ramping up support for local mid-tier companies (MTCs) through a dual-track strategy under its Dana Impak initiative, combining capacity building with growth capital via private credit and private equity. The initiative aims to benefit over 100 MTCs by strengthening capabilities, improving access to funding and driving innovation-led growth. "Khazanah's private credit strategy under Dana Impak aims to accelerate the growth of Malaysian MTCs with non-dilutive financing solutions," it said in a statement. Khazanah is partnering with Navis Capital Partners, a Kuala Lumpur-based Asean-focused investment firm, and Granite Asia, to provide customised credit solutions that support the growth of local MTCs. Under its private equity track, the sovereign wealth fund is also working with experienced fund managers to help MTCs scale up, enter regional markets, and enhance operations. It also announced a partnership with Malaysian private equity firm Creador, known for helping growth-stage companies expand regionally and unlock performance through value creation. Khazanah managing director Datuk Amirul Feisal Wan Zahir said that through Dana Impak, the fund plays both a catalyst and connector role, addressing gaps in the ecosystem, providing long-term capital where the market falls short, investing in talent, and attracting private investors. He said this requires a whole-of-nation effort to drive innovation and support sustainable growth. "Our focus on levelling up Malaysian MTCs represent our Advancing Malaysia strategy to enhance Malaysia's economic competitiveness and resilience. We are pleased to welcome our partners on this journey to unlock the full potential of Malaysian MTCs," he said.
The Star
01-08-2025
- Business
- The Star
30 years of empowering MSMEs
KUALA LUMPUR: The Credit Guarantee Corporation Malaysia's (CGC) 30th FI/DFI & SME Awards 2024 marked three decades of nurturing growth and resilience within the country's micro, small and medium enterprise (MSME) sector. The prestigious awards ceremony, held yesterday at Hilton Kuala Lumpur, was officiated by Bank Negara governor Datuk Seri Abdul Rasheed Ghaffour, underscoring the national significance of CGC's mission in empowering MSMEs and mid-tier companies (MTCs) as key drivers of economic development. CGC chairman Datuk Mohammed Hussein as well as president and chief executive officer Datuk Mohd Zamree Mohd Ishak were present at the event. Also in attendance were chairmen and chief executive officers from leading financial institutions (FIs), development financial institutions (DFIs), Islamic financial institutions (IFIs), MTCs and MSMEs, as well as representatives from trade chambers, related agencies and the media. Star Media Group Bhd group chief executive officer Chan Seng Fatt, chief operating officer Lydia Wang and senior general manager Sharon Lee were among the guests. Awards were presented across three categories – Top FI Partner Awards, Merdeka Awards and SME Awards – recognising 24 outstanding recipients for their contributions in financing, innovation and entrepreneurial success. In his special address, Abdul Rasheed said micro and SMEs are the backbone of the economy, accounting for 97% of business establishments, 39% of GDP and nearly half of total employment. 'MSMEs are central in our journey to drive innovation, create jobs and foster economic growth and diversification,' he added. For 2024, CGC recognised top-performing financial partners and exemplary MSMEs for their contributions to the sector. CIMB Islamic Bank Bhd was named Best Financial Partner, Top Islamic FI Partner and Top Bumiputera SMEs FI Partner. Other leading institutions such as Alliance Bank Malaysia Bhd, OCBC Bank (M) Bhd and Standard Chartered Bank Malaysia Bhd were recognised as Top Conventional FI Partners. OCBC Al-Amin Bank Bhd and Standard Chartered Saadiq Bhd were named among the Top Islamic FI Partners, while Bank Simpanan Nasional was awarded Top FI Partner – imSME. Special recognition went to Bank Muamalat Malaysia Bhd for New Strategic Partnership, while Alliance Bank Malaysia Bhd, Bank Kerjasama Rakyat Malaysia Bhd and Bank Simpanan Nasional received awards for Innovation Excellence. Commemorating the success of MSMEs and MTCs, the Merdeka Awards were presented to Serai Group, Keyfield International Bhd, VSD Automation Sdn Bhd, Gading Kencana Sdn Bhd and Mydin Mohamed Holdings Bhd. Shopee Mobile Malaysia Sdn Bhd received the Merdeka Digital Excellence Special Recognition for its efforts in empowering MSMEs through digital platforms. Other top performers included the recipients of the SME Awards, comprising MFZ Izdihar Enterprise, A&Z North Rich Trading and Era Kejuruteraan for G1 and G2 contractors, and Rintiz Rezky (M) Sdn Bhd, LP Group Sdn Bhd and Perawah Enterprise for G3 contractors and above. The CGC Developmental Award recognised the sales growth and potential of Nozoly Food Industry Sdn Bhd, Jaqued Holdings Sdn Bhd and TLE Trading Sdn Bhd over 24 months. Mohammed said CGC is very much like that of a gardener. 'We plant, nurture and harvest. And, in between, whenever there's a severe catastrophe, we play a rehabilitative role. Embracing this philosophy of 'economic gardening', we nurture MSMEs from root to harvest,' he added. CGC remains steadfast in its mission to provide financial assistance to MSMEs and MTCs that are unserved and underserved by traditional financing avenues. It aims to promote the growth and development of competitive, dynamic and viable businesses through targeted assistance, encompassing both financial and non-financial support. As of 2024, CGC has facilitated guarantees and financing worth over RM99.4bil through financial institutions, benefiting more than 532,000 MSMEs.
