SME News
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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...
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2020-03-26
Fomca : More help needed to sustain SMEs during MCO period
KUALA LUMPUR, March 25 — The Federation of Malaysian Consumers Associations (Fomca) hopes that the government would consider waiving the accrued interest rates on housing and other loan repayments due to the harsh economic climate. President...
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2020-03-26
Axiata and subsidiaries launch RM150m fund for micro SMEs
AXIATA Group Bhd and its subsidiaries Celcom Axiata Bhd, edotco Group Sdn Bhd and Axiata Digital Services Sdn Bhd have launched a RM150 million cash fund to provide financial assistance to micro small and medium enterprises (SMEs). The ...
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2020-03-26
Giving small businesses a break
In the wake of the Covid-19 outbreak and subsequent Restricted Movement Order (RMO) many small and medium enterprises (SMEs) are expected to suffer greatly. To mitigate the impact of these hard times, three financial institutions that come under the ...
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2020-03-26
Bosses’ group seeks EPF payment cut, suspension of taxes
PETALING JAYA: Employers in the private sector are asking Putrajaya to allow a reduction of their contributions to the Employees Provident Fund (EPF) to 5% of their workers’ monthly salaries and to temporarily exempt them from several taxes. ...