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Barnama
a day ago
- Business
- Barnama
CGC100 Fast Track Produces 20 New Young Entrepreneurs, Adds AI in Third Cohort
KUALA LUMPUR, Aug 15 (Bernama) -- Twenty aspiring entrepreneurs graduated today from the CGC100 Youth Entrepreneurship Programme Fast Track Cohort Two, an initiative by Credit Guarantee Corporation Malaysia Bhd (CGC). Conducted in collaboration with PINTAR Foundation and supported by the Ministry of Education, the programme targets aspiring entrepreneurs aged between 18 and 23 from B40 and M40 communities. CGC chairman Datuk Mohammed Hussein said the initiative goes beyond equipping participants with basic business skills, focusing also on instilling values to build ethical, sustainable and resilient ventures. 'This six-month programme serves as a platform to teach fundamental business skills, but more importantly, it aims to instil values in running a business. 'Sustainable and resilient businesses can only be achieved through active participation, not just by owning shares,' he told reporters after the CGC100 Fast Track Cohort Two Graduation Ceremony and Fast Track Cohort Three Launching here today. Also present was CGC president and chief executive officer Datuk Mohd Zamree Mohd Ishak. The CGC100 Youth Entrepreneurship Programme has so far produced 70 graduates, including from the 12-month Comprehensive Track programme, and created 61 new jobs, with 64 per cent of participants earning more than RM10,000 per month. The impact spans 20 industries, with 80 per cent of graduates successfully registering their businesses with the Companies Commission of Malaysia (SSM), and 71 per cent of financing applicants securing the full amount requested. The upcoming Fast Track Cohort Three, scheduled from August 2025 to February 2026, will enrol 30 participants in a seven-month curriculum covering business fundamentals, environmental, social, and governance (ESG), branding, the digital economy, financial literacy and pitching.
The Star
5 days ago
- Business
- The Star
OCBC Al-Amin launches RM100mil PG-i scheme with CGC to boost Bumiputera and women-led SMEs
From left: OCBC Bank (M) Bhd managing director and head of emerging business Chan Kok Leong, OCBC Al-Amin Bank Bhd CEO Tuan Syed Abdull Aziz Syed Kechik, Credit Guarantee Corporation Malaysia Bhd (CGC) president & CEO Datuk Mohd Zamree Mohd Ishak and CGC chief business officer Sean Tan. KUALA LUMPUR: OCBC Al-Amin Bank Bhd has signed a RM100mil Islamic Portfolio Guarantee-i (PG-i) agreement with Credit Guarantee Corporation Malaysia Bhd (CGC) to support the growth of Bumiputera and women-led enterprises. Prior to this, OCBC Al-Amin had already disbursed a total of RM268mil in PG-i schemes with CGC since 2017. In a statement, The bank said the latest PG-i tranche offers up to 50% of the approved financing without collateral, with a maximum loan amount of RM600,000 and a tenure of up to seven years. OCBC Al-Amin CEO Tuan Syed Abdull Aziz Syed Kechik said the RM100mil PG-i scheme aimed to support the growth of Bumiputera and women-led enterprises. 'We are committed to fostering inclusive economic growth by empowering Bumiputera and women entrepreneurs. Through targeted financial solutions and strategic partnerships, we aim to enhance access to financing and market opportunities for SMEs led by these communities. 'We look forward to nurturing sustainable business growth, driving innovation and unlocking the full potential of Malaysia's diverse business community,' he said. OCBC Al-Amin said that while the latest PG-i scheme targets Bumiputera and women-led enterprises, but is open to all SMEs nationwide. OCBC Al-Amin said While the Bank's latest PG-i scheme is aimed at benefitting Bumiputera and women-led enterprises, it is open to all small and medium enterprises (SMEs) in the country. CGC president & chief executive officer, Datuk Mohd Zamree Mohd Ishak said: 'The new RM100mil PG-i tranche reflects a strategic push to channel financing where it can generate meaningful economic impact. By focusing on Bumiputera and women-led MSMEs, we are not only addressing financing gaps but also empowering segments that are vital to Malaysia's future growth.' For more information, visit Entrepreneur Fund-i | OCBC Al-Amin
New Straits Times
5 days ago
- Business
- New Straits Times
OCBC Al-Amin, CGC ink RM100mil portfolio guarantee-i deal
KUALA LUMPUR: OCBC Al-Amin Bank Bhd has signed a RM100 million Islamic portfolio guarantee-i (PG-i) agreement with Credit Guarantee Corporation Malaysia Bhd (CGC) to support the growth of Bumiputera and women-led enterprises. Prior to this, OCBC Al-Amin had already disbursed a total of RM268 million in PG-i schemes with CGC since 2017. The latest PG-i tranche comes without the need for collateral for up to 50 per cent of the approved financing amount. Maximum financing is RM600,000 for a tenure of up to seven years. OCBC Al-Amin chief executive officer Syed Abdull Aziz Syed Kechik said the bank will channel RM100 million in financing to foster inclusive economic growth by empowering Bumiputera and women entrepreneurs. "Through targeted financial solutions and strategic partnerships, we aim to enhance access to financing and market opportunities for SMEs led by these communities. "We look forward to nurturing sustainable business growth, driving innovation and unlocking the full potential of Malaysia's diverse business community," he said. CGC president and chief executive officer Datuk Mohd Zamree Mohd Ishak added that the partnership will create a more inclusive and resilient entrepreneurial landscape. He said the new RM100 million PG-i tranche reflects a push to channel financing where it can generate meaningful economic impact. "By focusing on Bumiputera and women-led MSMEs, we are not only addressing financing gaps but also empowering segments that are vital to Malaysia's future growth," he added. Syed Abdull Aziz added that the PG-i is available to SMEs via OCBC Al-Amin's Entrepreneur Fund-i. "Our approach provides greater convenience to those seeking financing, as it quickens the process of securing it, allowing them to focus then on implementing their business growth plans," he said.
