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MiBrand Business World Snippet Issue 1

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MiBrand Business World Snippet Issue 1
Sharing weekly Malaysian business activities, Business News and Business Opinions

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MiBrand Business World Snippet Issue 1

  1. 1. m i b r a n d . m y To help Malaysian keeping themselves healthy despite Restriction of Movement Order, Malaysia’s leading sports app, JomRun, has launched a Covid- 19 virtual half marathon. Featuring a step counter, the virtual run allows participants to accumulate distances of 5 KM or 21 KM  at home  over a period of 3 months. Malaysians can even complement their step counts with strength and cardio routines like push-ups, sit-ups and squats, among others. Ultimately, JomRun aims to continue fostering positivity and good fitness practices among Malaysians as the country weathers Covid-19. JomRun will be looking to use part of the proceeds from the Covid-19 virtual run to purchase hand sanitizers and face masks, which will be donated to primary schools, once they reopen, and private hospitals here in Malaysia. To participate in JomRun’s Covid-19 virtual run, please register on JomRun’s app. Inspiring by Providing How to Answers snippet Standard Chartered Malaysia and Standard Chartered Saadiq Malaysia are providing relief assistance for clients who are feeling the impact of the Covid-19 outbreak. The relief assistance measures introduced by the Bank encompass the following: Loan / financing deferment programme From 1 April 2020, for a 6-month period, all individuals and small and medium enterprises (SMEs) with outstanding conventional loans or Islamic financing (except credit cards) will be automatically eligible for the deferment programme subject to meeting criteria. Credit card payment deferment programme From 1 April 2020, for a 6-month period, clients have the option to convert their outstanding credit card balances, excluding instalments, into a 36-month term loan at 13% per annum. M A R C H 2 0 2 0 | I S S U E 1
  2. 2. K e n n y R o g e r s R O A S T E R S d e l i v e r e d 9 0 0 s e t s o f w h o l e s o m e K e n n y ’ s Q u a r t e r M e a l s w o r t h m o r e t h a n R M 1 8 , 8 0 0 . 0 0 t o t h e b r a v e m e d i c a l f r o n t - l i n e r s a t S u n g a i B u l o h H o s p i t a l u n d e r t h e M i n i s t r y o f H e a l t h M a l a y s i a ( M O H ) . T h e m o v e t o d e l i v e r t h e d e l i c i o u s w h o l e s o m e m e a l s d u r i n g t h e o n e - m o n t h c o r o n a v i r u s ( C o v i d - 1 9 ) M o v e m e n t C o n t r o l O r d e r ( M C O ) p e r i o d i s p a r t o f t h e c o m p a n y ’ s c o m m i t m e n t t o s h o w t h e i r a p p r e c i a t i o n a n d c a r e t o w a r d s t h e m e d i c a l p e r s o n n e l w h o h a v e b e e n w o r k i n g r o u n d - t h e - c l o c k t o c o n f r o n t C o v i d - 1 9 h e a d o n . C o w a y M a l a y s i a i s g i v i n g a w a y 1 0 , 0 0 0 s e t s o f “ S t a y S a f e ” k i t s c o n s i s t i n g o f h a n d s a n i t i s e r s a n d m a s k s t o G r a b F o o d d e l i v e r y c u s t o m e r s o f s e l e c t e d e a t e r y o u t l e t s w i t h i n g r e a t e r K u a l a L u m p u r b e g i n n i n g 2 8 M a r c h 2 0 2 0 . T h e C S R i n i t i a t i v e t o d i s t r i b u t e c o m p l i m e n t a r y C o w a y “ S t a y S a f e ” k i t s d u r i n g t h e C o v i d - 1 9 . M o v e m e n t C o n t r o l O r d e r ( M C O ) p e r i o d i s i n l i n e w i t h i t s v i s i o n o f b e i n g T h e L i f e C a r e C o m p a n y , w h i c h c o n t r i b u t e s t o t h e p r o m o t i o n o f a h e a l t h y a n d h a p p y l i f e , w h i l e a p p r o a c h i n g c u s t o m e r s a n d s o c i e t y a t l a r g e w i t h w a r m - h e a r t e d n e s s a n d k i n d n e s s . Join our Channel t.me/mibrand17
  3. 3. Axiata Group Berhad and its subsidiaries the launch of a RM150 million cash fund to provide financial assistance to micro-SMEs. Axiata’s COVID-19 Assistance Program includes an initial contribution of RM20 million from the Ministry of Finance. The COVID-19 Assistance Program serves as a direct and urgent intervention by Axiata to give immediate assistance to micro-SMEs facing financial difficulties arising from the unprecedented COVID-19 pandemic and the subsequent Movement Control Order (“MCO”)issued by the Government of Malaysia which saw the closure of all non-essential businesses. Under the current challenging conditions, micro-SMEs, which easily make up more than 50% of SMEs in Malaysia and fall mostly within the B40 segment of society, will face mounting difficulties in operating their businesses. Micro-SMEs tend to have minimal savings and cash flow to buffer against unpredictable events and will not have sufficient funds to sustain daily needs. In continuing to play its role as partner in national development, Axiata will offer shariah compliant micro-financing through its subsidiary Axiata Digital, riding on the latter’s Aspirasi digital platform, in the range of RM1,000 to RM10,000 and on favourable terms targeted to benefit an estimate of 150,000 micro-SMEs. For more information about the program, please visit www.aspirasi.co. Micro-SMEs will only be required to undergo a quick 3-minute online process and if approved, funding will be made available in 48 hours from their bank accounts. This allows for ease of applications to be made during the MCO period and for funds to be quickly and efficiently disbursed to businesses in need, with minimal or no human intervention. Axiata Group Launch RM 150 Million Cash Fund to Give Immediate Assistance to Micro-SMEs Impacted by COVID-19

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