THE setting up of Danajamin Nasional Bhd will facilitate access to funding for industries, especially the small and medium enterprise (SME) sector, International Trade and Industry Minister Datuk Mustapa Mohamed said.
He said financing is one of the issues currently facing the industries.
"We hope Danajamin will help revive the SME sector by reducing financing problem. This will definitely help the manufacturing sector, which comprises mostly the SMEs," he said launching the 2008 Productivity Report in Kuala Lumpur recently.
A week earlier, Prime Minister Datuk Seri Najib Razak had unveiled government-owned Danajamin with an initial paid-up capital of RM1 billion to provide credit enhancements that will help companies raise funds in the bond market.
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