KUALA LUMPUR, Oct 16 (Bernama) -- PKNS FM Integrated Sdn Bhd (PKNS FMI) has partnered with Selangor Advance under the Selangor Advance 500 (SA500) initiative to improve access to financing for local contractors and small and medium enterprises (SMEs).
Selangor Advance is a Selangor state government initiative, powered by Menteri Besar Selangor (Incorporated) (MBI), that provides Shariah-compliant financing to help SMEs and contractors manage cash flow.
PKNS FMI said the collaboration aims to provide contractors and SMEs with access to flexible and digital alternative financing solutions to help them manage cash flow and support project implementation.
“The collaboration reflects PKNS FMI's ongoing efforts to empower local contractors through enhanced access to business opportunities, capacity-building initiatives and inclusive financing solutions,” it said.
PKNS FMI also said it received a Strategic Partnership Token from Selangor Advance at the SA500 launch ceremony, held in conjunction with the Selangor International Business Summit (SIBS) 2026 and officiated by Selangor Menteri Besar Datuk Seri Amirudin Shari.
PKNS FMI said that stronger collaboration among development agencies, financing providers and industry stakeholders would help create a more sustainable business ecosystem and support Selangor’s economic growth agenda.
“As part of its commitment to building a resilient and competitive contractor ecosystem, PKNS FMI will continue to pursue strategic partnerships that create long-term value for industry stakeholders, local businesses and the wider economy,” it added.
-- BERNAMA