SME News
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2020-03-27
SMEs request tax reductions, cash grants amid Covid-19, survey reveals
PETALING JAYA: A survey of service-based small-medium enterprises (SME) has suggested that a reduction in government taxes and cash grants for workers would be of most help to their business. The finding is based on two rounds of surveys on 97 ser...
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2020-03-27
Banks offer non-compounding interest on loans during moratorium
KUALA LUMPUR: Several banks have announced that they will not be compounding interest for its customers during the six-month moratorium period announced recently by Bank Negara Malaysia (BNM). RHB Banking Group, Public Bank, MALAYAN BANKING BHD (M...
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2020-03-27
F&B, tourism and hospitality sector: You don’t help us now, more workers lose jobs
KUALA LUMPUR, March 27 — The F&B, tourism and hospitality sector has warned the government that delaying assistance will trigger massive job losses, as it appealed for urgent action to shield the industry from the Covid-19 crisis. &ldquo...
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2020-03-27
No compounding of interest for Maybank loans during moratorium
KUALA LUMPUR: Malayan Banking Bhd (Maybank) will not be compounding interest for all individual, small and medium enterprise (SME) and non retail/corporate customers loan facilities which are eligible for the six-month moratorium announced earlier th...
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2020-03-27
RHB first local bank to waive compound of interest during moratorium
KUALA LUMPUR: RHB Banking Group (RHB) has become the first local bank to announce that it will not be compounding interest during the six-month moratorium period after two foreign banks, HSBC and OCB announced this yesterday. RHB said this would b...