SME News
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2020-07-09
SERC: Reintroduction of GST can enhance government’s revenue
PETALING JAYA: While a widened fiscal deficit may not matter much in an economic recession, the only way to avoid adding to the debt pile when the economy has recovered, is to consolidate and reduce budget deficits by cutting public spending or ...
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2020-07-09
Report: Uncertain future for 200,000 Malaysian retailers nationwide, says retail group
KUALA LUMPUR, July 9 — At least 200,000 small businesses that could not operate during the movement control order (MCO) are now facing an uncertain future. About 90 per cent of these were stall-based businesses, according to a report in ...
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2020-07-08
Bosses still cautious amid recovery from pandemic
PETALING JAYA: Employers are hoping that the worst of the Covid-19 pandemic is over but cautioned that workers may still face the prospect of being unemployed, especially if the country faces a second outbreak. SME Association of Malaysia presiden...
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2020-07-08
Tengku Zafrul: Loan repayment moratorium valued at RM51.4b as of July 6
KUALA LUMPUR, July 8 — The moratorium on loan repayments by financial institutions, which took effect on April 1 as part of the Prihatin Rakyat Economic Stimulus Package (Prihatin), is estimated to be worth RM51.4 billion as at July 6. Finan...
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2020-07-08
Sabah tourism players seek bailout, not keen on workers’ retention scheme
KOTA KINABALU: Tourism operators in Sabah have called for a government bailout as opposed to the workers’ retention scheme to help them get back on track following the three-month Covid-19 lockdown. Malaysian Association of Tour and Travel A...