SME News
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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...
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2020-10-14
PNS to use BIT platform to upgrade local brands for franchises
KUALA LUMPUR (Oct 14): The Business In Transformation (BIT) programme, introduced in 2013, will be the platform for Perbadanan Nasional Bhd’s (PNS) latest programme in an effort to upgrade local brands towards franchises and thus penetrate the ...