SME News
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2020-09-24
Penang small traders hit again with new Covid-19 cases
GEORGE TOWN: Penang’s economy saw some improvement when the Covid-19 lockdown was lifted in June. The traditional mainstay industry – tourism – and the food business picked up and hotels were recording near full-occupancy over the w...
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2020-09-24
As loan moratorium deadline looms, bankers advise borrowers to readjust spending from Oct 1
KUALA LUMPUR, Sept 24 — Malaysian borrowers who have gotten used to having more cash to spend during the six-month moratorium or temporary suspension of loan payments should adjust their spending levels from next month onwards, as their disposa...
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2020-09-24
New measures provide more financial flexibility for SMEs in Malaysia
Additional measures introduced by the Malaysian government will enable more companies to retain their employees as COVID-19 movement restrictions continue to impact businesses, said Datuk Michael Kang, president of the SME Association of Malaysia. ...
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2020-09-24
Kita Prihatin to widen budget deficit by 0.7% of GDP
KUALA LUMPUR: CGS-CIMB Research estimates the RM10 billion PRIHATIN Supplementary Initiative Package (KITA PRIHATIN) will increase the Ministry of Finance's last projected budget deficit by 0.7 per cent of gross domestic product (GDP). The est...
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2020-09-24
'Wage Subsidy 2.0 helps sustain businesses, employees'
KUALA LUMPUR: The extension of the Wage Subsidy Programme (Wage Subsidy 2.0) for another three months until Dec 2020 provides the much needed support for industries in sustaining their business and safeguarding employment. This is as businesses co...