SME News
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2020-10-14
RM5 million allocated for ‘Anjung Usahawan Kabong’ — Naroden
KUCHING: The state government has allocated RM5 million to build the ‘Anjung Usahawan Kabong’ to further boost the socio-economy of the community in the area. Assistant Minister of International Trade and Industry, Industrial Terminal ...
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2020-10-14
SMEs biggest beneficiary under MEDAC's assistance
KUALA LUMPUR: Small-and-medium enterprises (SME) are the biggest beneficiaries of the moratorium extension applications and targeted bank assistance approved by the Entrepreneur Development and Cooperatives Ministry (MEDAC). Its minister Datuk Ser...
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2020-10-14
SME Association Advises Local Businesses to View Tech as Investment
The SME Association of Malaysia is urging local businesses to start viewing technology as an investment, and not a cost, if they are to ‘survive and thrive’ in the ‘new norm’. Its national vice president Chin Chee Seong&nbs...
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2020-10-14
Budget will help spur economic recovery, says BNM
KUALA LUMPUR: Budget 2021, to be tabled on Nov 6, will see the government remaining supportive of expansion and growth as it seeks to recover from the impact of the Covid-19 crisis, Bank Negara Malaysia (BNM) said. “For this year, the govern...
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2020-10-14
Businesses face greater financial stress but loan impairment ratios remain low, stable
PETALING JAYA: Banks have reported a higher share of business loans with increased credit risks at 13.9%, compared with 11.5% in 2019, indicating signs of businesses facing greater financial stress. However, the significant relief measures in...