KUALA LUMPUR, 3 October 2019 – CIMB Foundation (“the Foundation”), in partnership with Malaysia Digital Economy Corporation (MDEC) and knowledge partner, Cheng & Co recently launched CIMB SHINE – Empowering SMEs (“CIMB SHINE”), a platform for start-ups, entrepreneurs and SMEs to equip them with the right knowledge in finance, 4IR and e-commerce.
SMEs that fully embrace the new 4IR know-how are the ones that can capitalise on opportunities in the global e-commerce market, currently valued in excess of US$23 trillion. To bring these points to life, CIMB SHINE’s gamified, interactive curriculum was specially curated to provide SMEs with deeper insights on, among others, e-commerce opportunities, and ensuring successful financing and business management for growth.
CIMB Foundation’s focus on empowering SMEs is also in line with CIMB Group’s support to Malaysia’s newly launched National Entrepreneurship Policy, as well as CIMB’s full commitment to seven of the UN’s Sustainable Development Goals (SDG). Thus far, the Foundation has also disbursed RM2.6 million through 59 projects to equip 20,000 members of the community – particularly women and the differently abled – with entrepreneurship skills and resources, a programme that feed into UN’s Decent Work and Economic Growth SDG.
CIMB Group has pledged 1% of the Group’s profit before tax (PBT) towards CSR initiatives across ASEAN for the period 2018 – 2020. Since its establishment in 2007, CIMB Foundation has disbursed RM140 million to benefit around 750,000 people via more than 1,000 initiatives based on three main pillars i.e., community development, education or sports.