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26 May 2017

CIMB awards RM100,000 in scholarships to promising entrepreneurs

Kuala Lumpur: CIMB Group (“the Group” or “CIMB”) today awarded scholarships to two outstanding participants in the CIMB BEST Programme of 2016. The scholarships will fully finance the winners’ tuition and exam fees, valued at RM50,800 per student, for the Bachelor of Business Management (Entrepreneurship) degree at UNIRAZAK. Present at the event were CEO of CIMB Group Commercial Banking, Yong Jiunn Run; the Deputy Vice Chancellor (Academics and Student Affairs) of Unirazak, Prof Dr Samsinar Md. Sidin; Deputy Chief Executive Officer of CIMB Group Commercial Banking, Ahmad Shazli Kamarulzaman; Head of CIMB Commercial Banking (Malaysia), Yew Teik Beng and Senior Managing Director, Group Human Resource, CIMB Group, Rohani Mustaffa.

Established in 2014, CIMB BEST aims to support the development of the Small and Medium Enterprise (SME) sector in Malaysia by developing more able entrepreneurs, to facilitate the sector’s contribution to the Malaysian economy. In support of diversity and to encourage cross-cultural sharing of ideas, the programme is open to applicants from all races and backgrounds.

In commenting on the scholarship award, Yong Jiunn Run said, “Stimulating entrepreneurship and the SME sector are central to growing the backbone of Malaysia’s economy, and awarding this scholarship is one of CIMB’s ways to achieve this. Our effort in developing potential entrepreneurs supports the government’s SME Masterplan (2012 – 2020) to boost the sector’s contribution to GDP by 41% in 2020. CIMB – with its cutting-edge products, in-house expertise and strong ASEAN network – is ever-ready to partner with these entrepreneurs at every stage of their business, from providing them banking solutions to expanding their wings across the region.”

The latest scholarship winners are from the programme’s Track 2: The Emerging Entrepreneur Programme (Program Usahawan Berpotensi). The first winner, Dasyariwani Sariah Binti Daud, is the Director of Applied Energy Solutions Sdn Bhd; a company that specializes in manufacturing solar inverters. The second winner, Khalid Bin Awaludin is the owner of Viral Optimis Enterprise which makes a variety of cookies and cakes.

Dasyariwani said, “Through the programme’s public seminars that featured industry experts, sector specialists and successful entrepreneurs, I was able to enhance my network as well as gain valuable insights from their years of experience. Thus, I am grateful to CIMB for making this possible for me and I hope to make full use of this opportunity to improve myself and expand my business within the ASEAN region.”

Khalid remarked, “I am thankful to CIMB and UNIRAZAK for giving me the opportunity to pursue my studies. CIMB BEST programme has taught me a lot about running a business effectively which includes managing cash flow, developing strategy, overcoming challenges, and customer service. I truly look forward to this journey and hope UNIRAZAK could provide me with a stronger foundation in entrepreneurship and help me become a better business owner.”

CEO CIMB Group Commercial Banking, Yong Jiunn Run (First from left) together with Deputy CEO CIMB Group Commercial Banking, Ahmad Shazli Kamarulzaman (Second from right) and Head of CIMB Commercial Banking (Malaysia) Yew Teik Beng (First from right) at the CIMB Best Scholarship Award Ceremony 2017 for two emerging entrepreneurs, Dasyariwani Sariah Daud (Centre) and Khalid Awaludin (Second from left) at Menara Bumiputra-Commerce today