|
SJPP is a company wholly owned by the Minister of Finance Inc. SJPP's role is to administer and manage two guarantee schemes namely Working Capital Guarantee Scheme ("WCGS") and Industry Restructuring Financing Guarantee Scheme ("IRFGS") announced by Ministry of Finance in the Dewan Rakyat under the second stimulus package on 10th March 2009. The stimulus package is to enhance foreign and domestic investor confidence in the Malaysian Economy.
Both schemes have played an important role in reviving back the Malaysian Economy in 2009.
Under the 10th Malaysian Plan (10MP), the Government allocates an additional RM3.0 billion to WCGS. It is the desire and hope of the Government of Malaysia that by providing such guarantee, financial institutions will continue to provide financing facilities to companies within the targeted sectors to spur further the economic growth of the country. |
|
|