Cagamas signed a Memorandum of Understanding with PT Sarana Multigriya Finansial (Persero) (SMF) for the purpose of enhancing further collaboration in promoting both the secondary mortgage markets in Malaysia and Indonesia. This represents a renewal of the memorandum of understanding signed in March 2018. Cagamas was represented by President/ Chief Executive Officer, Datuk Chung Chee Leong while SMF was represented by President Director, Ananta Wiyogo at a virtual signing ceremony, witnessed by the representatives of the respective organisations.
Thereafter, Cagamas and SMF held a bilateral meeting to exchange updates on business performance as well as Government measures and responses to the COVID-19 pandemic.