The initiative, valued at RM1,800 per customer, aims to assist Malaysian SMEs in expanding into global markets.
Launched on Wednesday, the collaboration offers SMEs access to Navigator Global’s digital suite of trade tools. These include customised market-entry action plans, real-time market intelligence, and a network of verified international partners.
The platform helps businesses navigate the regulatory and informational barriers associated with international trade.
Tengku Datuk Seri Zafrul Abdul Aziz, the outgoing Minister of Investment, Trade and Industry, attended and witnessed the launch event.
He stated that the collaboration would equip SMEs with guidance and support to compete internationally. The initiative aligns with the ministry’s target to increase SME export contribution from 17% to 30% by 2030.
MBSB Group Chief Executive Officer Rafe Haneef described the partnership as a significant step for the future of Malaysian SMEs.
Rafe Haneef
“This partnership with Navigator Global is a landmark achievement for MBSB and for the future of Malaysian SMEs,” Haneef said.
He added that global trade presents significant opportunities for local businesses looking to expand beyond Malaysia.
Navigator Global CEO John Carroll noted that the partnership aims to reduce the cost, time, and risks associated with global expansion. He referenced a similar pilot in the UK that supported over 2,500 firms.
John Carroll
“Our collaboration with MBSB represents a significant stride forward in our mission to simplify international trade, and help to accelerate SME growth,” said Carroll.
In addition to the platform access, MBSB stated it will continue to provide financing solutions to SMEs, including working capital, term financing, and foreign currency risk management tools.
