Banking, Finance & Takaful

AmBank to assist 300 eligible SMEs adopt IR 4.0, digitalisation and halal certification

The third season of the AmBank BizRACE was recently launched in July 2020 with an aim to help SMEs future-proof their business in light of the Covid-19 pandemic, particularly in the areas of Industrial Revolution 4.0, digitalisation and halal certification.

All three tracks will provide participants with development as well as guidance to apply for various government grants and certification available for SMEs today. The registration period for this business competition has now been extended to 18 September 2020.

Managing Director, Business Banking of AmBank Group, Christopher Yap said, the bank aims to go beyond financing as a result of misconception among SMEs is that IR 4.0 is costly.

“We look into how we can aid them in accurately applying for the readily available government grants,” he said.

For the Digitalisation track of the BizRACE competition, AmBank will assist SMEs in the grant application process from MDEC with grants worth up to RM200,000 to develop their digitalisation journey.

There are various untapped opportunities to be unveiled as consumers are now growing more conscious of responsible products and services available in the halal sector.

The third season of BizRACE will span from September 2020 up until March 2021. Apart from guidance for grant application and halal certification, other prizes of this competition worth up to RM2,000,000 comprise exclusive development training programmes and media exposure. Business owners may register and obtain more information at

Source: Niaga Times

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