SJPP: Strengthening Access to Financing for SMEs Through Government Guarantees

When banks say no, Malaysia’s entrepreneurs need someone bold enough to say yes. Many small and medium enterprises (SMEs) possess promising ideas but lack sufficient collateral or track records to secure financing, as banks are cautious about taking on the credit risk.

That’s where Syarikat Jaminan Pembiayaan Perniagaan (SJPP) Bhd, a company wholly owned by the Ministry of Finance Incorporated (MOF Inc.) steps in, unlocking almost RM100 billion in SME financing by guaranteeing up to 80% of the risks banks are unwilling to bear. This is a testament to the scheme’s impact.

Acting on behalf of the Government of Malaysia, SJPP manages and administers various government guarantee schemes. It bridges the financing gap by sharing the credit risks banks face when lending to SMEs. Basically, to assist SMEs with insufficient collateral or no collateral to gain access to financing facilities from participating financial institutions (FIs). 

SJPP doesn’t lend funds directly. Instead, it gives banks the confidence with a ‘yes’ and additional comfort to give financing by providing additional assurance through guaranteeing part of the risk.

This simple mechanism has facilitated billions in financing since 2009, benefiting more than 100,000 SMEs; driving business growth, job creation, and supporting Malaysia closer to a high-income economy. 

So, how does it work? It’s actually pretty straightforward. Apply for a business loan at any bank that works with SJPP. The bank checks if the usual requirements are met and if the business fits under the scheme, that’s when things get moving. SJPP comes in to guarantee a big chunk of the loan, giving the bank the extra confidence it needs to approve the financing.

During the Budget 2025 launch in February, Datuk Seri Amir Hamzah the Minister of Finance II highlighted that the government has allocatedRM20 billion in guarantees through SJPP for SME financing, particularly in the halal, high technology, environmental, social and governance, and tourism sectors. Of the amount, RM5 billion is specifically set aside for Bumiputera businesses to ensure fairer and more equitable growth opportunities.

This model aligns with global practices in countries like Germany, South Korea, and Japan, where government guarantees underpin SME financing and supporting business growth. In Malaysia, SJPP plays this role, working in partnership with the Financial Institutions (FIs) and regulated by Bank Negara Malaysia with oversight of the Ministry of Finance (MOF) to foster a thriving SME ecosystem.

This need became clearer as a result of the collective impact arising from the recent US 19% tariffs on Malaysian imports, expansion of SST, electricity tariff hike, and impending RON95 rationalisation as well as foreign worker levies and wage increases on businesses.

With SJPP guarantee, Malaysia’s SMEs continue to thrive, proving that behind every successful business there is support from the Government via various government guarantee schemes. 

If short on collateral but with a strong business, ask a preferred banker this simple question: “Can my loan be guaranteed by SJPP?”. For more information, you may visit SJPP’s website at www.sjpp.com.my.

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LEVEL UP KL 2025 CEMENTS MALAYSIA’S STATUS AS SOUTHEAST ASIA’S CREATIVE GAMES HUB

The Ministry of Digital successfully concluded LEVEL UP KL 2025, Southeast Asia’s premier digital games developers conference, held from 6–8 October at Connexion Conference & Event Centre (CCEC), Bangsar South.

Organised by Malaysia Digital Economy Corporation, an agency under the Ministry of Digital, LEVEL UP KL 2025 saw a record turnout of over 2,500 participants from more than 20 countries, including Indonesia, Thailand, Japan, the US, UK, and Brazil. The event brought together developers, publishers, investors, and tech leaders-reinforcing Malaysia’s rise as Southeast Asia’s digital games hub with growing global influence.

Now in its 11th edition, LEVEL UP KL is a catalyst for Southeast Asia’s digital games industry. By showcasing Malaysia’s creativity and connecting regional talent to global markets, the event strengthens the nation’s position as a launchpad for innovation and international success.

LEVEL UP KL 2025 also celebrated the global success of Malaysian studios, spotlighting their achievements on the international stage:

1. Les’ Copaque Production, in collaboration with Streamline Studios, launched Upin & Ipin Universe and brought Malaysian heritage to global audiences through immersive digital experiences
2. Passion Republic Games’ Gigabash, first showcased at LEVEL UP KL, gained international acclaim through its global release and Ultraman crossover.
3. Metronomik Studio’s collaboration with Japan’s Shueisha Games for No Straight Roads 2, a follow-up to their acclaimed debut title, continues to showcase Malaysia’s creative excellence on the global stage.
4. Magnus Games Studio, creators of Re:Legend, are also collaborating with Shueisha Games on a new original global IP titled Project Survival.

These success stories reflect Malaysia’s creative edge, the synergy between local and international studios, and the growing global confidence in our homegrown talent, underscoring LEVEL UP KL’s role in propelling regional creativity onto the world stage.

The three-day event featured a dynamic programme designed to foster industry growth and cross-border collaboration:

1. RM150 million in export opportunities.
2. 70 global exhibitors showcased over 40 cutting-edge games from Southeast Asia’s top talent.
3. Business Connection Programme: Facilitated over 350 targeted B2B meetings.
4. SEA Game Awards: Celebrated excellence in game design, storytelling, and innovation. The Grand Jury Award winner for 2025 went to Troublemaker 2: Beyond Dream from Indonesia, by Gamecom Team.
5. Pitch Day: Connected indie developers with global publishers and investors.

As Malaysia prepares to conclude its ASEAN Chairmanship in 2025, LEVEL UP KL stands as a powerful emblem of the nation’s global digital ambition. By connecting Southeast Asia’s vibrant talent pool with international markets and celebrating regional creativity, the event reinforces Malaysia’s leadership in shaping the future of interactive entertainment.

The success of LEVEL UP KL is a testament to Malaysia’s growing influence in the global digital games industry. It highlights Southeast Asia’s creative talent, connects regional developers to international markets, and reflects a thriving ecosystem where innovation thrives, creativity flourishes, and Malaysian talent leads with confidence on the world stage.

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10.10 Travel Sale: Traveloka Highlights Favorite SEA Escapes for Malaysians

It’s time to plan your next getaway, whether it’s chasing cultural adventures, festive celebrations, or relaxing escapes. Traveloka, Southeast Asia’s leading travel platform, has launched its 10.10 Travel Sale, running now through 10 October, with up to 50% off flights, hotels, and experiences.

As part of the campaign, Traveloka reveals some of the top regional escapes that Malaysians are searching for from city breaks to island adventures and the unique activities waiting to be discovered beyond the usual tourist trail.

With 50% off flights on Airline Super Brand Days for Singapore Airlines (8 & 9 October), travelers can unlock even bigger savings on regional and long-haul flights, making this the perfect moment to book your year-end or 2026 holiday.

KOTA KINABALU

• Journey into the heart of Sabah’s untouched biodiversity 

Cruise the serene waters of Kawa Kawa and marvel at the diverse flora and fauna, including Proboscis Monkeys, long-tailed macaques, rare silver langurs and many more. Go on the evening cruise to see a mesmerizing spectacle of fireflies. Starts from RM331 here.

• Soothe tired muscles with the most stress-relieving spa experience 

After a day exploring Kota Kinabalu’s great outdoors, soothe tired muscles with local Saban therapist massage styles. From the Borneo Coffee Scrub to the Sun Soothing Treatment Package, get ready for one of the most stress-relieving experiences of your life. Treatments start from RM87.79 here.

PENANG

• Revitalise with a spice garden walk 

Wander through the lush Tropical Spice Garden, a testament to Penang’s former spice trade. Take a guided walk to learn about spices traditionally used in Southeast Asian healing, and enjoy attractions such as the Giant Swing, Spice Terraces, and Poison Garden. Starts from RM30.10 here.

• Find joy and adorableness in TeddyVille 

Wellness can come from reconnecting with your inner child. At TeddyVille Museum in Penang, Malaysia’s first and largest teddy bear museum, find over 1,000 teddy bears from around the world. Each exhibit tells a story of Penang’s history and culture through cuddly companions, offering a playful yet surprisingly reflective journey. Starts from RM39 here. 

BANGKOK

• Discover why Bangkok is known as “Venice of the East”

The Chao Phraya is the lifeblood of Bangkok. Leave the bustling main river and glide into ancient waterways to catch authentic glimpses of Bangkok’s unique lifestyle by the water. Observe traditional houses and everyday life along these historic canals. Starts from RM221.70 here.

• Mindful mastery, learn the art of patterns in produce 

Step into the unique world of Thai fruit and vegetable carving, an ancient art that combines mindfulness, creativity, and tradition. Under the guidance of master carvers, transform everyday produce into delicate floral patterns while enjoying a calm, hands-on experience. Starts from RM 392.57 here.

BALI

• Embark on a sensory exploration of Bali’s coffee and spiritual culture

This calm and relaxing day trip takes you to Kintamani in Bali’s central highlands, where you can wander through fragrant coffee plantations, visit a sacred place in the middle of a dense forest, and gaze at the intricate patterns of Bali’s largest and most beautiful rice terraces. Starts from RM98.70 here.

• Visit Sababay Winery, Bali’s first winery tour, and sample Balinese wine

Bali is not usually associated with wine, but the island’s emerging wine industry is starting to make its presence known. Go on a tantalizing taste journey to Sababay Winery, an award-winning winery started by an Indonesian businesswoman, where you can learn about Balinese wine culture and unwind in the winery’s beautiful garden. Starts from RM55.10 here.

YOGYAKARTA

• Experience the peace and simplicity of village life 

Gain a unique, culturally in-depth perspective of Borobudur Temple by discovering the  beauty of the peaceful villages surrounding it. Take in views of lush green rice fields, interact with local residents and travel through enchanting village lanes on a delman, a traditional horse-drawn carriage. Starts from RM164.38 here.

• Pamper yourself like a royal with traditional Indonesian treatments 

Refresh your mind and body with Indonesian-style treatments infused with Javanese heritage at the Taman Sari Royal Heritage Spa. From youth revitalizing and brightening treatments to special spa rituals, enjoy a luxurious experience fit for royals. Starts from RM48.40 here.

For the best deals to book your next trip, visit https://www.traveloka.com/en-my/promotion/sale

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BYD Sime Motors Delivers Over 100 units of BYD SEAL 6 Across Malaysia in Just One Week

BYD Sime Motors, the official distributor of BYD cars in Malaysia, delivers more than 100 units of the all-new BYD SEAL 6 within one week of the model’s debut in the country. This milestone underscores the company’s efficient delivery and customer readiness.

Demonstrating speed and commitment, BYD Sime Motors has delivered the much-anticipated BYD SEAL 6 — available in Arctic White, Harbour Grey and Misty Blue — to showrooms across Peninsular and East Malaysia within just one week. The first batch of customers is already receiving their cars, marking the BYD SEAL 6’s arrival on Malaysian roads. With nationwide deliveries completed, Malaysians can now see, touch and test drive the C-segment electric sedan, experiencing first-hand its smooth, responsive drive that sets a new benchmark for EVs.

Adeline Lew, Managing Director of BYD Sime Motors, said, “Malaysia is proud to be the first international market to welcome the BYD SEAL 6 — a milestone that not only marks the debut of a dynamic new vehicle, but also reflects our commitment to meeting customers’ needs with professionalism and passion. We commend the seamless coordination by the team that ensured the BYD SEAL 6 reached every corner of the country without delay. For us, this is about consistently building trust while making electric mobility more accessible for Malaysians.”

The BYD SEAL 6 marks a significant step in advancing Malaysia’s EV landscape. Looking ahead, BYD Sime Motors will expand its network from 37 to 50 outlets by 2026, strengthening nationwide access to sales, service and charging — underscoring its long-term commitment to driving EV adoption in Malaysia.

BYD SEAL 6 - 6 Best in Class Features  

Outstanding Handling, Comfortable and Enjoyable Driving Experience.  

1. First-in-BYD: Dual Ball-joint MacPherson Strut + Rear Multi-Link suspension.  
2. Rear-wheel Drive (RWD): Unique in the segment, delivering a premium sporty feel.   
3. Largest in class of C-segment sedan in Malaysia.   
4. Supreme Handling: More balanced weight distribution with tight turning radius of 5.5 meters.  
5. 24 smart storage compartments & 525L combined cargo capacity for everyday convenience. 
6. Power that excites: 160 kW power, 330 Nm torque, 0–100km/h in 7.5s with 3 driving modes.  

Product Offerings in Malaysia: 

Bookings for the BYD SEAL 6 are open at all BYD outlets nationwide. For more information, please visit https://byd.simemotors.my/ or follow BYD Sime Motors on https://www.facebook.com/BYDCarsMalaysia and   https://www.instagram.com/bydcarsmalaysia/. For enquiries, please contact BYD Sime Motors Customer Care at 1300-38-1888.

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