Latest news with #EXIMBank
Time of India
5 days ago
- Business
- Time of India
Centre greenlights export of 25,000 tonnes pharma-grade sugar
New Delhi: The government on Tuesday allowed the export of up to 25,000 tonnes of pharma-grade sugar per financial year under the restricted category. Only bona fide pharmaceutical exporters will be allowed to avail the opportunity. Pharma-grade sugar is a high-quality product manufactured as per specific standards and is used by drug makers. "Export of pharma grade sugar, up to a total of 25,000 MTs per financial year, shall be permitted to bona fide pharma exporters against a restricted export authorisation," the DGFT said. In a separate trade notice, the DGFT said that it has added 'Source from India' feature on the Trade Connect ePlatform , which is a hub of information and services on international trade with all related stakeholders including Indian missions abroad, export promotion councils, EXIM Bank and the commerce ministry. Economic Times WhatsApp channel )
Barnama
13-06-2025
- Business
- Barnama
EXIM Bank Malaysia Strengthens Strategic Ties at Uzbekistan's Foreign Investors Council
TASHKENT, UZBEKISTAN, June 13 (Bernama) -- The Export-Import Bank of Malaysia Berhad (EXIM Bank) has reinforced its commitment to expanding Malaysia's global trade presence by participating in the Third Plenary Session of the Foreign Investors Council (FIC) in Tashkent. The high-level forum, held on 11June 2025, was co-chaired by His Excellency Shavkat Mirziyoyev, President of the Republic of Uzbekistan, and Her Excellency Odile Renaud-Basso, President of the European Bank for Reconstruction and Development. The session convened global leaders to explore reforms and opportunities under Uzbekistan's Vision 2030 economic roadmap. EXIM Bank's participation is aligned with Malaysia's National Investment Policy 2030 (NIMP2030), which aims to expand investment beyond traditional markets and support the globalisation of Malaysian small and medium enterprises. As part of its mandate to promote exports, EXIM Bank is focusing on strengthening ties with Central Asia through strategic engagements that benefit both Malaysian businesses and regional partners. This includes exploring structured financing solutions for key partners in Uzbekistan, most notably a proposed collaboration with Joint-Stock Commercial Bank Hamkorbank, Uzbekistan, aimed at supporting Malaysian companies operating in Uzbekistan and Uzbek importers of Malaysian goods.
Barnama
13-06-2025
- Business
- Barnama
EXIM Bank Strengthens Central Asian Ties, Benefits Malaysian Businesses And Regional Partners
REGION - CENTRAL > NEWS KUALA LUMPUR, June 13 (Bernama) -- The Export-Import Bank of Malaysia Bhd (EXIM Bank) will focus on strengthening Central Asian ties through strategic engagements to benefit Malaysian businesses and regional partners. In a statement today, it said the initiative includes exploring structured financing solutions for key partners in Uzbekistan, notably a proposed collaboration with Joint-Stock Commercial Bank HamkorBank to support Malaysian companies operating in Uzbekistan and Uzbek importers of Malaysian goods. Hence, the bank's participation in the third plenary session of the Foreign Investors Council (FIC) in Tashkent has reinforced its commitment to expanding Malaysia's global trade presence. bootstrap slideshow EXIM Bank chief business officer Faizah Mustapa said its participation at the high‑level forum signals the bank's strategic intent to support Malaysia's exporters through innovative trade-financing, while exploring joint ventures with Uzbek financial institutions. "We applaud Uzbekistan's reforms to streamline banking regulations and enhance credit facilities for import‑export activities," she said. EXIM Bank said its participation in the forum aligns with Malaysia's National Investment Policy 2030 (NIMP 2030) to expand investment beyond traditional markets and support the globalisation of Malaysian small and medium enterprises. It also complements Uzbekistan's Vision 2030, which seeks to attract foreign direct investments, increase regulatory transparency, and advance public-private partnership projects in agriculture, manufacturing, infrastructure, and tourism. "With 36 Malaysian companies operating in Uzbekistan, ties between the two countries continue to grow. "This was further strengthened by Prime Minister Datuk Seri Anwar Ibrahim's official visit to Uzbekistan in May 2024, followed by a return visit to Malaysia by President Shavkat Mirziyoyev in February 2025, reaffirming their commitment to elevate bilateral relations to a strategic partnership," it said.
Business Recorder
03-06-2025
- Business
- Business Recorder
The great myth of ‘crowding out'
Each time the conversation turns to Pakistan's credit-to-GDP, a familiar chorus follows: the sovereign is crowding out the private sector. Government borrowing is now over 70 percent of the banking sector liquidity, and is said to be absorbing all available capital, leaving none for entrepreneurs or exporters. Like 'value addition' or 'fiscal space,' crowding out has become an overused and underexamined refrain - repeated so often it now functions as a placeholder for serious thinking. The problem is not that the theory is always wrong. The problem is that it has flattened the debate into a single, self-reinforcing belief: that if the state would simply borrow less, banks would resume lending to the private sector. That assumption has been tested. And it failed. Over the past two decades, the state has repeatedly tried 'setting liquidity aside' for the private sector. The instrument of choice was the refinance scheme: liquidity created by the central bank and supplied to banks at zero or heavily concessional rates. These schemes were ostensibly meant to channel credit to sectors that markets overlooked: SMEs, exporters, housing, renewables. It worked, at least on the surface. Liquidity flowed, spreads narrowed, and targets were met. But none of it changed the basic credit calculus. Because banks still bore hundred percent of the credit risk,they predictably lent to the same credit profiles they always had: large corporates, familiar clients, and borrowers with collateral. Refinance simply made already-bankable clients cheaper to finance. It did not expand access. It did not alter risk appetite. Is it possible that bank's aversion to widening the credit net had little to do with access to liquidity, and more to do with their risk assessment? What refinance did achieve, quietly was monetary expansion. SBP injections inflated the money supply, bypassed budget scrutiny, and masked the true fiscal cost of subsidized lending. These schemes functioned as off-book quasi-fiscal operations, sold as developmental finance. The result: cheap credit for a few, inflation for the rest. Under the conditions of the ongoing IMF program, the façadeis being dismantled. Refinance is being pushed out of SBP and into the finance ministry. Subsidies will now be explicitly budgetedfor, and likely routed through developmental finance institutions such as the EXIM Bank. On paper, this improves transparency. The fiscal cost is now visible and subject to budgetary discipline. The inflationary impulse, while still present, is at least attached to real expenditure trade-offs. But cleaner optics do not guarantee better outcomes. Nothing about the shift from SBP to MoF alters banks' core behavior. Whether liquidity is created at the central bank or subsidized through the budget, the lending decision still rests with the bank, as does the credit risk. And most Pakistani firms still fail that test—not because they lack viability, but because they lack collateral, audited accounts, or institutional familiarity. That is the real constraint. Not liquidity. Not crowding out. Risk. And the data reflects it. Pakistan's private sector credit-to-GDP ratio has remained stuck under 15 percent for more than a decade, even during years such as 2022 when share of refinance climbed up to 20 percent of total private sector lending. In contrast, peer economies in South Asia and the broader middle-income cohort have steadily expanded credit penetration, without relying on artificial liquidity windows. The difference is not funding availability. It is system design. So no, crowding out is not the one-size-fit-all explanation for Pakistan's credit stagnation. The real story is institutional: a refusal to underwrite unfamiliar risk, a regulatory framework that punishes diversification, and a policy discourse that keeps prescribing liquidity for a problem rooted in risk. Until that changes, liquidity will continue to rotate around the same borrowers, even as the rest of the economy remains locked out.
New Straits Times
26-05-2025
- Business
- New Straits Times
BPMB, EXIM Bank seal first joint deal with Duta Marine for FSO project
KUALA LUMPUR: Malaysia Bhd (BPMB) and Export-Import Bank of Malaysia Bhd (EXIM Bank), both under the BPMB Group, have concluded their first joint financing transaction with Duta Marine Sdn Bhd for the FSO Permata Dulang project. This landmark deal reflects the unified strategic direction of the newly merged group and supports the conversion of an oil tanker into a floating storage and offloading (FSO) vessel. The new unit will replace the ageing FSO Puteri Dulang, ensuring continued operations at the Dulang Field—one of Malaysia's longest-running offshore production sites. The financing includes RM555 million from BPMB and US$37 million in Islamic facilities from EXIM Bank, covering the vessel's acquisition, conversion, and mobilisation. The project is set to enhance energy security and infrastructure resilience while supporting long-term offshore operations. EXIM Bank also served as the exclusive arranger for Duta Marine's charter agreement with Petronas Carigali Sdn Bhd, reflecting its role in structuring strategic financing solutions. "This project represents the very essence of our purpose, to deliver impact capital for national development," said Datuk Muzaffar Hisham, Group Chief Executive Officer of BPMB. "It also demonstrates the power of synergy within the BPMB Group, where our combined expertise and focus allow us to support high-impact, high-value national priorities while empowering capable Bumiputera players," he said. EXIM Bank president and CEO Nurbayu Kassim Chang added, "We are honoured to support Duta Marine in a project of national significance. This effort showcases the strength of BPMB Group's integrated approach, bringing together complementary capabilities to strengthen Malaysia's oil and gas sector, enhance local participation, and enable homegrown enterprises to thrive on a global stage." Aligned with BPMB's Transportation & Logistics Programme, the project also supports the United Nations Sustainable Development Goals, particularly SDG 9 (Industry, Innovation and Infrastructure) and SDG 8 (Decent Work and Economic Growth). Duta Marine, a veteran Bumiputera offshore marine firm, secured a 10+5-year charter with PETRONAS Carigali following the extension of the Dulang Production Sharing Contract (PSC) to 2045. "We are deeply honoured to receive this support from BPMB and EXIM Bank," said Mahyudden Abdul Wahab, director and shareholder of Duta Marine. "This is more than just financing; it's a vote of confidence in the capabilities of Bumiputera companies to lead complex, high-impact projects." The project is expected to create jobs during both the conversion and operational phases and deliver economic spillover benefits to key growth areas such as Terengganu, further strengthening Malaysia's global energy position.
