The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) signed two Memorandums of Understanding (MoU) with Malaysian Industrial Development Finance (MIDF) and Malaysian Technology Development Corporation (MTDC) respectively in a ceremony held at Menara MIDF this morning.

In signing the MoUs, the parties agree to establish and develop commercial and industrial ties by leveraging on each other’s capabilities and strengths. The collaboration also aims to promote and improve economic co-operation through commerce, trade and investment by providing a platform for the parties to exchange information and views, to create contacts in the area of economic growth and assist each other to organise and participate in meetings as well as trade fairs and exhibitions.

Both MoUs were signed by YBhg. Dato’ Tan Tian Meng, Secretary General of ACCCIM on behalf of the Chamber with YBhg. Dato’ Charon Wardini Mokhzani, Group Managing Director of MIDF, signing the first MoU between MIDF and ACCCIM and YBhg. Dato’ Norhalim Yunus, Chief Executive Officer of MTDC signing the second MoU between MTDC and ACCCIM.

“It has been a privilege working together with MITI and MTDC to assist Malaysian businesses. With this MoU with the Associated Chinese Chambers of Commerce and Industry of Malaysia, we would like to see an increased awareness amongst the members of the Chambers on the financing facilities that are available from MIDF and the advise that we can provide to help them grow their business, through automation, digitalisation and modernisation,” said Dato’ Charon Wardini Mokhzani, Group Managing Director of MIDF.

“It is also our hope that this MoU between MTDC and ACCCIM will be one of the main contributors towards the success of the many initiatives under Ministry of International Trade and Industry (MITI), particularly the Industry 4WRD. MTDC is committed to assist ACCCIM members in the adoption of i4.0 technologies developed by our local companies. Together we will now be able to tell companies in Malaysia that we are ready to embark into this new industrial transformation using our own talents and resources.” said Tan Sri Abdul Rahman Mamat, Chairman of MTDC.

The signing was witnessed by YB Senator Datuk Lim Ban Hong, Deputy Minister of Ministry of International Trade and Industry (MITI), YBhg. Tan Sri Abdul Rahman Mamat who is Chairman of MIDF and MTDC as well as YBhg. Tan Sri Datuk Ter Leong Yap, President of ACCCIM.

In his speech, YB Senator Datuk Lim Ban Hong highlighted the importance of the MoUs in creating awareness among members of the Chambers on the financing facilities and business advisory services provided by MIDF as well as the technology solutions provided by MTDC via TENTRA and Co9P. He also encouraged businesses to take advantage of the MIDF Profit Financing Rate Reduction Campaign under the PEMERKASA initiative, which provides SMEs with financing rates as low as 3% for related financing schemes namely the Soft Financing Scheme for Automation and Modernisation (SFSAM) and Soft Financing Scheme for Digital & Technology (SFDT).

YB Senator Datuk Lim Ban Hong also congratulated ACCCIM as it embarks on this new chapter together with MIDF and MTDC as strategic partners in a bid to help address the needs of the industry as well as opportunities that prevail along the value chains. He expressed hope that the collaboration between the parties will open more doors, widen networks and provide a huge boost for a robust and swift recovery of Malaysian businesses.

“Public-private partnership is not an option, but a necessity in helping SMEs to be technology-driven. By entering into both MoUs today, we can complement each other with the ultimate goal of helping as many SMEs or start-ups as possible to embark on digitalisation.  I am certain that it would further resuscitate them in need, especially at the current post-COVID recovery,” said Tan Sri Datuk Ter Leong Yap, President of ACCCIM.

The ceremony was attended by representatives from MITI, ACCCIM, MIDF as well as MTDC including members of the senior management teams of all parties respectively and invited members of the media.

YB Senator Datuk Lim Ban Hong (middle), Dato’ Charon Wardini Mokhzani (1st Left), Dato’ Norhalim Yunus (2nd Left), Tan Sri Abdul Rahman Mamat (3rd Left), Tan Sri Datuk Ter Leong Yap (3rd Right), Dato’ Tan Tian Meng (2nd Right), Encik Azizi Hj. Mustafa (1st Right)

Exchange of MoUs between ACCCIM and MIDF. Tan Sri Abdul Rahman Mamat (Started from Left), Dato’ Charon Wardini Mokhzani, YB Senator Datuk Lim Ban Hong, Dato’ Tan Tian Meng, Tan Sri Datuk Ter Leong Yap.

Exchange of MoUs between ACCCIM and MTDC.. Tan Sri Abdul Rahman Mamat (Started from Left), Dato’ Norhalim Yunus, YB Senator Datuk Lim Ban Hong, Dato’ Tan Tian Meng, Tan Sri Datuk Ter Leong Yap.