On 23 April 2022, MIDF joined SME Corp at a Majlis Penyerahan Bantuan Banjir Usahawan Keluarga Malaysia which was held at the Pusat Latihan Teknologi Tinggi (ADTEC) in Shah Alam, Selangor.
The event, attended by over 500 participants, was officiated by YBhg. Datuk Kamazruzzaman Johari, Political Secretary to the Minister of Entrepreneur Development and Cooperatives, YBhg. Tan Sri Noh Omar.
Participants were given a free Kursus Keusahawanan organised by Bank Rakyat for micro enterprises as well as small and medium enterprises (SMEs). The highlight of the event was the distribution of financial assistance to 214 entrepreneurs under MIDF’s SME Emergency Fund (SMEEF) 2.0, TEKUN Nasional (TEKUN) and Bank Rakyat funds. 10 companies from the Kota Raja and TTDI Jaya areas received financing of RM100,000 each, under MIDF’s SMEEF 2.0 at 0% financing rate and 12-months moratorium while 197 micro companies received a grant of RM3,000 each under TEKUN. Bank Rakyat dispersed a total of RM175,000 in financing to 7 entrepreneurs.
MIDF was represented by En. Mohd. Farid Abd. Razak, Head of Customer Relationship and Supervision at Development Finance Division (DFD) who presented the mock cheques to applicants who succeeded in their applications for MIDF’s SMEEF 2.0 Fund. MIDF lawyers were also on-site at the event to expedite the execution of documents for the successful applicants.
RAM Ratings has assigned corporate credit ratings (CCRs) of A1/Stable/P1 to Malaysian Industrial Development Finance Berhad (MIDF or the Group), while MIDF Amanah Investment Bank Berhad has been accorded financial institution ratings of A1/Stable/P1.
Separately, RAM has also assigned a Silver2 (S2) Sustainability Rating to MIDF for its strong corporate governance, contribution towards supporting SMEs, and its role within the capital market in developing green and sustainable finance.
MIDF signed a Memorandum of Understanding (MoU) with Universiti Malaya (UM), Universiti Kebangsaan Malaysia (UKM) and Universiti Malaysia Sarawak (UNIMAS) to collaborate on The MIDF Award for Mathematics and Economics Excellence. The signing of the MoU was held in conjunction with the launch of MIDF’s history book and e-Book which had been curated and produced to commemorate the Group’s 62nd anniversary. The event was held at Menara MIDF yesterday, 30 March 2022.
MIDF Team 2 came out as first runner-up at The Association of Development Finance Institutions Malaysia (ADFIM) Bowling Tournament 2022, winning the RM800 prize in the competition held at Wangsa Bowl in Wangsa Walk on 27 March 2022. Seven (7) organisations took part in the tournament, sending two (2) teams each. They included PUNB, PERNAS, MIDF, BSN, AGROBANK, SME BANK and CGC.
More than 500 participants from corporates, Government related agencies, non-profits and media attended MIDF's Green Conference 2022 on Wednesday, 9 March 2022. The virtual, half-day conference featured distinguished speakers and panellists including YB Dato' Sri Mustapa Mohamed, Minister in the Prime Minister's Department (Economy), who delivered the keynote address.