SME News
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2020-04-03
Bank Negara sees Malaysia’s GDP at between -2pc and 0.5pc in 2020
KUALA LUMPUR, April 3 — Malaysia’s economy could shrink as much as 2.0 per cent for 2020 as a result of the coronavirus disease (Covid-19) pandemic, Bank Negara Malaysia (BNM) said in its Economic Monetary Review 2019 report. The centr...
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2020-04-03
Despite SMEs’ complaints, Bank Negara says data shows three in four got the loans they sought
KUALA LUMPUR, April 3 — Eligible small- and medium-sized enterprises (SMEs) have adequate access to credit facilities, Bank Negara Malaysia (BNM) said in a report released after businesses clamoured for government aid to survive the coronavirus...
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2020-04-03
‘Consider accounting impact from Covid-19’
KUALA LUMPUR: Companies need to consider accounting or disclosure implications resulting from the Covid-19 pandemic and the current market conditions, according to EY Accounting Link report. Many travel, hospitality, retail and entertainment compa...
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2020-04-03
Retaillers likely to face negative growth for the entire year
KUCHING: In the event of the global Coronavirus Disease 2019 (Covid-19) outbreak and the ongoing domestic political turmoil, the retail consumption pattern here in Malaysia will continue to falter, leading to negative growth rate for the retail indus...
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2020-04-03
BNM’s hedging scheme boosts businesses’ forex dealings
KUALA LUMPUR: There were 105 market participants registered in Bank Negara Malaysia’s dynamic hedging programme as at end-2019, managing a total of US$38 billion in assets. The programme was first introduced in 2016 to provide an avenue for ...