Many small and medium enterprises have been impacted by the economic standstill caused by various movement control orders to stem the spread of the Covid-19 pandemic. In an October 2020 report by The Edge Markets, the SME Association of Malaysia carried out a survey among 1,713 members and found out that 20% of its respondents […]
Tag Archive: cimb
Going digital is no longer just a buzzword, but it’s also a way of life for many businesses. With half of the world population being active internet users, it’s no surprise why businesses are pushing to digitize their operations. SME Corp targets the digitalisation of all SMEs Currently, only 32% of Small and Medium Enterprises […]
If you are a business owner, you may or may not already have a business bank account. But is it necessary to get a bank account for your business? Here’s our analysis on why it may be a good idea to get a business bank account. When you’re a budding entrepreneur, starting your own business […]
Not all types of businesses may necessarily warrant a business bank account—maybe you are just a freelance writer or a freelance graphic designer who works on projects on a part-time basis. For these folks, the belief is that as long as you can handle the current volume of transactions of your personal and business expenses, […]
Take your business to the next level with the new CIMB Platinum BusinessCard, and enjoy exclusive rewards like cash rebates. Even better, you don’t need a large business to be qualified for one. When starting a business for the first time, you may choose to use a personal credit card, rather than a business credit […]
CIMB Bank Berhad has recently unveiled the CIMB e-Credit Card as a way to address shifting customers needs, one that has become increasingly digital in this COVID-19 era by providing added value for online and contactless transactions without being limited to any e-commerce platform. This move is echoed by findings in Visa’s report: “The New […]
Responding to the move of Bank Negara’s reduction of the OPR to 3%, CIMB, OCBC, and RHB are reducing their own base rates and base lending rates (BLR) by as low as 0.25%. This move will see lower loan interest rates and, unfortunately, lower fixed deposit rates as well.