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TM Collaborates With SMECB
KUALA LUMPUR, May 11 (Bernama) -- Telekom Malaysia Bhd(TM) has collaborated with SMECredit Bureau Sdn Bhd (SMECB) to facilitate the former's access to the latter's credit information and creditratings on small and medium enterprises (SMEs).
The agreement also sees TM sharing its SME customers'payment data with SMECB, albeit with their consent.
TM's executive vice president, SME, Shanti JusnitaJohari, said the availability of accurate credit information and credit ratingswould enable TM to expedite the approval process of telecommunicationfacilities for the SME community.
"We can now get fast and hassle-free access tocomprehensive information of our potential SME customers and their creditratings," she told reporters after the signing ceremony between bothparties here Tuesday.
TM SME has about 450,000 customers.
Meanwhile, SMECB chief executive officer, Alex Lim, saidthe collaboration would benefit SMEs, especially the start-ups, in accessingcredit facilities from financial institutions.
"The data from TM will show the payment pattern ofthe SMEs for the telecom facilities, and they (SMEs) can use this as areference in getting the credit line from banks," he said.
He said the reason for the agreement was not to look atthe negative aspect of an SME's credit rating but rather to share a balancedview of them, and ultimately benefitting the macro economy at large.
SMECB is a subsidiary of Corporate Guarantee Corp and has28,000 SME members and 38 financial institution members.-- BERNAMA
