AMBANK SHORTLISTS 30 SMES FOR THE AMBANK BIZRACE SEASON 3: DIGITALISATION & HALAL QUEST

KUALA LUMPUR, Dec 16 (Bernama) -- AmBank is pleased to announce the selection of the Top 30 SMEs for Digitalisation and Halal Quest. The 30 companies for each track were chosen from a total of 2000 over registrations when the third season of the competition was launched in July 2020.

The first session for Digitalisation featured AmBank BizRACE’s partners – Malaysia Digital Economy Corporation (MDEC), Microsoft Malaysia and Maxis – all of whom provided an introductory course on digitalisation, including grant application guidelines. The top 30 SMEs have also attended digitalisation clinics with subject matter experts and are also now working closely with Technology Solution Providers to explore the best digital solutions to consider for deployment.

“We would like to congratulate the top 30 businesses in the Digitalisation track for successfully making it to this stage of the competition. The competition is getting tougher now as we continue in our quest to look for a line-up of strong businesses for the next stage of the race,” said Christopher Yap, Managing Director, Business Banking, AmBank Group.

30 SMEs have also been selected for the AmBank BizRACE Halal Quest track. The Top 30 for the Halal Quest track are now undergoing training sessions with Halal Development Corporation and will then pitch their respective business ideas to the panel of judges, from which 10 SMEs will be selected to progress to the next round of their Halal Certification journey.

The AmBank BizRACE season 3 was launched with a series of webinar sessions covering topics on Industrial Revolution 4.0, Digitalisation and the Halal Sector. The initiative aims to provide SMEs with guidance on applying for various grant incentives offered by the government in the areas of Industrial Revolution 4.0 and Digitalisation. The competition also includes the Halal Quest track which focuses on guiding participating SMEs to obtain Halal certification.

This initiative is also part of the bank’s efforts to help SMEs revive their business during the COVID-19 pandemic, by providing a timely programme for SMEs to maximise the help they can receive.

This year’s AmBank BizRACE official government partners include the Ministry of International Trade and Industry (MITI), Malaysia External Trade Development Corporation (MATRADE), Halal Development Corporation (HDC), Malaysia Digital Economy Corporation (MDEC) and Jabatan Kemajuan Islam Malaysia (JAKIM). Official corporate partners include Microsoft Malaysia, Maxis and Bosch Rexroth. AmBank has also engaged with PwC Malaysia to work with them on the evaluation process of the competition.

About AmBank Group

AmBank Group is a leading financial services group with over 40 years of expertise in supporting the economic development of Malaysia. We have over three million customers and employ over 8,000 people.

The Group was listed on the Main Market of Bursa Malaysia in 1988. It is the sixth-largest banking group by assets in Malaysia, with a market capitalisation of around RM9.0 billion and assets of RM169.2 billion as at 31 March 2020.

AmBank Group serves over three million individual and corporate customers. It provides services in wholesale banking, business banking, retail banking, investment banking and related financial services which include Islamic banking, general insurance, life insurance, family takaful, stock and share broking, futures broking, investment advisory and management services in assets, real estate investment trust and unit trusts.

For more information, please visit ambankgroup.com

SOURCE: AmBank Group

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Syed Anuar Syed Ali
Executive Vice President
Group Corporate Communications and Marketing
AmBank Group
Tel: 03-2036 1703
Email: sasa@ambankgroup.com

--BERNAMA