Funding Societies Group have reached a total of more than RM600 million in disbursed working capital to nearly 7,000 SME (small and medium-sized enterprises) financing in Southeast Asia since its establishment.

The RM600 million milestone was achieved in July 2018; in only 6 months, the company doubled its total disbursement for SMEs in Malaysia, Singapore, and Indonesia. The platform provides a range of financing products to support SMEs, including invoice financing to address cash flow problems and micro-financing through its mobile app FS Bolt.

PETRONAS-licensed provider of products and services to the Oil & Gas and Petrochemical Industries, Alkahfi Lestari Oil & Gas Sdn Bhd is riding the high waves as it is set to introduce two brand new fast crewboats that will further spice up Malaysia’s offshore oil and gas industry.

To be launched in September, the Flex-42X crewboats (the 42-metre aluminium multi-role crewboats) are capable of transporting offshore workers and oilfield cargo at a speed of up to 30 knots – making them the fastest mid-sized crewboats in the world.

With rates similar to that of fixed deposits (FD), OCBC Bank (Malaysia) Berhad’s (OCBC Bank) freshly-minted Booster and Premier Booster savings accounts are set to become the new benchmark for flexible high-interest-yielding savings accounts.

OCBC Bank’s Booster account holders can enjoy a 3.25% per annum interest rate by maintaining an average balance of at least RM30,000; there is no cap to the balance. If the balance falls below RM30,000, the usual savings interest rate of 0.25% per annum will apply.