'This includes RM100 million fund for the National Entrepreneur Group Economic Fund, RM20 million for the Buy Malaysian Products campaign, RM210 million fund to promote, and RM2 billion soft loan for modernisation under the Business
Loan Guarantee Scheme, among others,' Ng said.
Mr Blenkinsop asked: "Does the Prime Minister know of anyone who owns or works for a UK-registered company that uses a Luxembourgbased holding company in order to avoid paying their fair share of tax in the UK?" Mr Morris asked why the Prime Minister had allowed companies based offshore in tax havens to apply for a taxpayer-backed national
loan guarantee scheme in 2012.
But it lost PS1.6million in 2013 and took a cheap PS2million loan under the Government's National
Loan Guarantee Scheme.
The funding for the acquisition has been provided through the National
Loan Guarantee Scheme, arranged through Barclays.
Moreover, throughout 2011, an increasing number of companies have benefited from the Kafalat Innovative
loan guarantee scheme.
But on this occasion, a crucial element of the package is a pounds 10bn
loan guarantee scheme to help not-for-profit organisations like housing associations borrow money to build affordable homes.
Shadow Treasury minister Chris Leslie said: "If the National
Loan Guarantee Scheme was always supposed to be replaced by the new Funding for Lending scheme, then why, two weeks after that new scheme was announced, did George Osborne say that the NLGS would be extended?" The latest initiative comes as the UK is mired in the longest double-dip recession in more than 50 years, with the Chancellor facing criticism that his austerity measures are damaging the economy.
But in a statement he confirmed that the scheme would ultimately supersede the 20 billion pounds National
Loan Guarantee Scheme (NLGS), known as credit easing, which was unveiled in March as a flagship policy to boost lending to businesses.
Chancellor George Osborne said that the scheme would ultimately supersede the GBP20bn National
Loan Guarantee Scheme, which was unveiled in March.
The Treasury team donned a pair of orange day-glow safety jackets as they promoted a pounds 40billion
loan guarantee scheme to try to jumpstart the flatlining economy.
Er, haven't we been here before with Project Merlin, credit easing and the
Loan Guarantee Scheme? Are banks really going to pass the money on?
The funding is part of the Barclays Finance Cashback Scheme, part of the Government's National
Loan Guarantee Scheme, launched earlier this year.