KUSKOP DEPUTY MINISTER WELCOMES PLANWORTH’S ROLE IN EXPANDING FINANCING ACCESS FOR SMES
24 September 2026
YB Datuk Mohamad bin Alamin launches Planworth’s new digital supply chain financing platform and witnesses strategic MoU exchanges with industry associations
KUALA LUMPUR, 24 September 2026 – Deputy Minister of Entrepreneur Development and Cooperatives (KUSKOP), YB Datuk Mohamad bin Alamin, today welcomed the role of private-sector financing providers in complementing existing Government initiatives to broaden financing access for micro, small and medium enterprises (SMEs).
Speaking at the Sesi Libat Urus Pembiayaan & Pertumbuhan PMKS hosted by Planworth Global Factoring Sdn. Bhd. (“Planworth”) at its new corporate office in Menara Avenue, Kuala Lumpur, YB Datuk Mohamad said collaboration between the Government and private sector could provide entrepreneurs with wider financing options to support business operations and growth.
The engagement session brought together SME representatives, industry associations and strategic partners, providing an avenue for the Deputy Minister to hear directly from businesses on challenges relating to financing access, working capital, contract execution, cash flow management and business expansion.
“The Government remains committed to broadening access to financing for SMEs through various facilities and programmes provided by agencies such as SME Bank, SME Corp. Malaysia, TEKUN Nasional, TERAJU and MARA.
“At the same time, participation from the private sector can complement these efforts by expanding the financing options available to entrepreneurs and supporting the continued growth of their businesses,” said YB Datuk Mohamad bin Alamin.
Planworth launches digital financing platform
During the event, YB Datuk Mohamad also officiated the launch of Planworth’s new Supply Chain Financing Digital Platform, which is designed to bring buyers, SME vendors and financing providers together within an integrated digital ecosystem.
The platform is intended to streamline key financing processes, including applications, document verification, financing assessments, approvals, disbursements and status monitoring.
Planworth said the digital initiative is aimed at improving process efficiency and facilitating faster access to working capital for SMEs involved in Government, government-linked company (GLC) and private-sector contracts.
The initiative also supports the broader digitalisation agenda by leveraging technology to simplify financing processes and improve accessibility for businesses.
Private sector can complement existing financing ecosystem
Planworth Chief Executive Officer Dato’ Kuek Andy, PBM, said the company viewed its role as complementary to existing Government financing agencies and banking institutio ns.
“Planworth positions itself not as a competitor, but as a complement to existing Government financing agencies and banking institutions. Our aim is to broaden financing options available to entrepreneurs, particularly in meeting their working capital requirements, supporting contract execution and enabling business growth.
“Ultimately, our objective is to help more SMEs succeed, accelerate their business development and create greater economic opportunities and shared prosperity,” said Dato’ Kuek Andy, PBM.
To date, Planworth said it has disbursed approximately RM4 billion in financing and supported contract values approaching RM6 billion, serving thousands of customers nationwide.
For 2026, the company has allocated RM1 billion in financing capacity to continue supporting local businesses and their working capital requirements.
MoU collaborations to expand financing access
The event also saw the exchange of Memoranda of Understanding (MoUs) between Planworth and three organisations — the Malaysian Bumiputera Tour Operators Association (BUMITRA), Malaysian Association of Employment Agencies (PAPA) and CDC International Sdn. Bhd.
The collaborations are intended to expand awareness and access to alternative financing solutions among the respective organisations’ members and business communities, while supporting their working capital requirements and business growth.
The MoU exchanges form part of Planworth’s efforts to work with industry associations and strategic partners to reach a broader segment of the business community.
Planworth opens new corporate office
YB Datuk Mohamad also officiated Planworth’s new corporate office at Menara Avenue, Kuala Lumpur.
The approximately 18,000-square-foot office involved an investment of approximately RM20 million for acquisition and refurbishment.
The new facility is intended to provide a more professional and conducive environment for Planworth’s customers, employees and strategic partners, while supporting the company’s continued business operations and expansion.
ABOUT PLANWORTH
Planworth Global Factoring Sdn Bhd (“Planworth”) is a non-bank financial institution registered with the Ministry of Finance Malaysia (MOF) within the ePerolehan system and subject to the regulatory oversight of the Consumer Credit Commission (SKP).
As a provider of Supply Chain Financing, Planworth offers alternative financing solutions to micro, small and medium enterprises (SMEs), as well as larger corporations involved in Government, GLC and private-sector contracts.
Planworth has received various awards and recognitions in Malaysia and Singapore, including the Enterprise 50 Award 2024, The BrandLaureate SMEs BestBrands Award 2023, SME & Entrepreneurs Business Award (SEBA) 2022, SME100 Award 2021, CTOS Credit Excellence Award 2021, and a four-star accreditation under the SME Competitiveness Rating for Enhancement (SCORE).
Planworth is part of Grand Columbia Group, a multi-billion-ringgit business group founded in 1992 by Dato’ Kuek Andy, PBM. The Group has a regional presence in Malaysia, Singapore, China and Papua New Guinea, with business interests spanning finance and banking, insurance, property development and property management.
With more than three decades of Group experience and expertise, Planworth remains focused on expanding access to financing, strengthening business cash flow and supporting the growth of SMEs and local supply chains.
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