KUALA LUMPUR (Sept 6): Development financial institutions (DFIs), or specialised banks, should provide more funding opportunities to micro, small, and medium enterprises (MSMEs), and not just focus on big companies. Putra Business School (PBS) associate professor Ahmed Razman Abdul Latiff said additionally, the purpose of financing these businesses should be more towards contributing to the real economy. “In fact, DFIs, government-linked companies (GLCs), and all government ministries should review their plans with the aim of supporting the economic recovery. With the pandemic, all the more reason that these businesses really should have a clear business plan," he said. If we think that way, finance is only one part of the equation in order to (improve) these businesses," he stressed.

Source: The Edge Markets September 06, 2021 11:03 UTC