SME News
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2020-03-31
Many small retailers expected to close shop soon
PETALING JAYA: Many small scale and independent retailers are expected to close down in the next one to two months as a result of the movement control order (MCO), said Retail Group Malaysia. Its managing director Tan Hai Hsin said: “Thes...
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2020-03-31
Banks expected to be more prudent
PETALING JAYA: Businesses may find it harder to secure financing as banks are likely to turn more prudent in approving new loans, particularly for the small and medium enterprises (SMEs), warns AmBank Group chief economist Anthony Dass(pic). At a ...
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2020-03-31
Putrajaya asks landlords to discount, waive rent for businesses during MCO
KUALA LUMPUR, March 30 — The Economic Action Council urged landlords today to consider reducing or waiving rent for businesses prevented from operating by the movement control order. The Prime Minister’s Office (PMO) said the EAC was a...
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2020-03-31
Citi Malaysia offers automatic moratorium, waives compounded interest on mortgage, personal loans
KUALA LUMPUR: Citi Malaysia is engaging with customers to assess the severity of impact from the Covid-19 pandemic and offering financial relief measures that are relevant to specific customer circumstances in line with the Bank Negara Malaysia morat...
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2020-03-31
Grab lists 3 measures to support local businesses
KUALA LUMPUR, March 30 — Grab Malaysia has listed three measures to support local businesses especially small independent establishments and hawkers beset by the Covid-19 pandemic. To this end, the multinational ride-hailing company will emb...