- September 11, 2017
- Posted by: Marvin Garcia
- Category: Uncategorized
PETALING JAYA, August 30 – Following the success of Credit Guarantee Corporation Malaysia Berhad (CGC) in securing the station naming rights in May this year, the Glenmarie LRT station was renamed as the “CGC-Glenmarie LRT Station.
The CGC-Glenmarie LRT Station is the fourth to be rebranded under the Station Naming Rights Programme by Prasarana Malaysia Berhad (Prasarana), after AirAsia-Bukit Bintang Monorail Station, Bank Rakyat-Bangsar LRT Station, and KL Gateway- Universiti LRT Station.
“The naming rights of CGC-Glenmarie LRT Station would be our maiden effort to utilise LRT station for corporate branding purpose. This is in tandem with our long-term objective and also in line with our ongoing effort to ensure CGC’s exposure to the public, in particular LRT passengers,” said CGC Chairman, Dato’ Agil Natt in his welcoming remarks.
The CGC-Glenmarie LRT Station has a massive park and ride facility, an added value to the station. The station is expected to provide the opportunity to reach out to more than five (5) million commuters traveling on Kelana Jaya line on monthly basis.
CGC’s President and CEO Datuk Mohd Zamree Mohd Ishak said: “The renaming of the LRT station to CGC-Glenmarie LRT Station is a key branding exercise for us in line with our Aspiration To Be The Household Name For SMEs by 2020.”
“As CGC marches forward to be the champion of SMEs in the country, we will continue to invest in branding and promotional activities, which in return, grant immense benefit to CGC. By having a LRT station named after CGC, we are encouraged to serve better in a more effective manner to all Malaysian SMEs,” added Zamree.
“Prasarana Malaysia Berhad would like to record our appreciation to CGC for their support to our Station Naming Rights Programme. We firmly believe that this programme provides a win-win formula for CGC and Prasarana as we take the business of advertising and branding to new heights.
“With the increasing ridership for urban rail and public transport as a whole, this programme provides the perfect platform for corporate companies to reach out to their existing and potential clients of their branding and services,” said Prasarana Chief Financial Officer, Encik Megat Khairulazhar Khairodin.
The CGC-Glenmarie LRT Station is located just 100 meters from CGC headquarters and its main branch in Kelana Jaya, Selangor, with 570 parking bays and feeder bus services to encourage more people to use public transport as an alternative to cars, thus reducing traffic congestion.
CGC has also set up an interactive info kiosk for public to get to know more about its products and services, besides exploring alternative financing options available for SMEs. The kiosk also provides facilities such as free Wi-Fi, videos of successful CGC customers displayed to inspire entrepreneurs.
Credit Guarantee Corporation Malaysia Berhad (CGC) was established on 5 July 1972 and it is 78.65% owned by Bank Negara Malaysia and the remaining 21.35% owned by various commercial banks in Malaysia.
The core business of CGC is to assist SMEs, especially those with inadequate or without collateral and track record, to obtain credit facilities from financial institutions by providing guarantee cover on such facilities. CGC has availed over 444,700 guarantees and financing to SMEs valued over RM63.7 billion since its establishment.
CGC’s support for SMEs is not only confined to the provision of loan guarantees and financing facilities, but also credit information and credit rating services through its subsidiary Credit Bureau Malaysia. Through the Bureau, CGC assist SMEs to build a credit history and track record to enhance their credibility and bankability to secure financing on their own merit and at reasonable cost.
Other funds currently managed by CGC include the Green Technology Financing Scheme (GTFS) and the Bumiputera Entrepreneur Project Fund (TPUB-i) with a total allocation of RM3.5 billion and RM300 million respectively. To date, CGC had managed a total of 45 guarantee and financing schemes including 16 government-backed schemes.
Currently, seventeen (17) Commercial Banks, fifteen (15) Islamic Banks, and seven (7) Development Financial Institutions (DFIs) are participating in CGC’s guarantee schemes in providing financing to customers through a wide network of more than 2,600 branches nationwide to avail financing.
SMEs who are interested to obtain more information may call CGC’s Client Service Centre at 03-7880-0088 or email:[email protected]
or visit : www.cgc.com.my or www.facebook.com/cgcmy.
For Media Enquiries:
Corporate Communications Department
Credit Guarantee Corporation Malaysia Berhad
About Prasarana Malaysia Berhad
Established in 1998 and operational since 2002, Prasarana Malaysia Berhad is the asset owner and operator of the country’s three LRT networks and the KL Monorail; in addition to the bus services of Rapid KL, Rapid Penang, Rapid Kuantan and Rapid Kamunting.
Beyond the efforts to transform the country’s public transport services via Rapid Rail Sdn Bhd and Rapid Bus Sdn Bhd, Prasarana has also established Prasarana Integrated Management and Engineering Services Sdn Bhd (PRIME) to provide management and engineering consultancy services, Prasarana Rail and Infrastructure Projects Sdn Bhd (PRAISE) to manage major projects under the Group which included the LRT Line Extension Project; Prasarana Integrated Development Sdn Bhd (PRIDE) to undertake commercial and transit-oriented development projects to further strengthen the performance of the company; and Prasarana Integrated Solution & Management (PRISM) for the management of insurance practices and businesses. Rapid Rail is also the operator of MRT Sungai Buloh – Kajang Line.
For details, kindly contact Prasarana’s Head of Media Affairs, Azhar Ghazali at 019-3837865 or e-mail [email protected]