SME News
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2024-10-23
Sarawak business group concerned over new minimum wage
KUALA LUMPUR: A Sarawak business group has voiced concern that the new RM1,700 minimum wage could to higher operational costs for small and medium enterprises (SMEs). Sarawak Entrepreneur Association president, Nizam Khalyd said wage increases sho...
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2024-10-23
Wage hike, mandatory EPF contributions could create financial strain on SMEs
KUALA LUMPUR: The SME Association of Malaysia has raised significant concerns about the proposed wage increase and higher mandatory Employees Provident Fund (EPF) contributions in Budget 2025. While national president Chin Chee Seong commended the...
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2024-10-23
Budget 2025 Accelerates Clean Energy Transition, Industry Players Jumping In
With the Malaysian Budget 2025 stimulating the country’s clean energy transition, Solarvest Holdings Bhd is eager in participating in the Kenyir Floating Hybrid Solar Farm. It said that the government’s decision to continue key energy ...
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2024-10-23
LLRC: Businesses that cannot even pay minimum wage should close shop
KUCHING (Oct 23): The Labour Law Reform Coalition (LLRC) Sarawak has criticised the SME Association of Malaysia for engaging in fear-mongering over the upcoming increase in minimum wage from RM1,500 to RM1,700, which is set to be fully implemented by...
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2024-10-22
Anwar: EXIM Bank, SME Bank, BPMB Merger Still Ongoing
KUALA LUMPUR, Oct 22 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim said the merger of Bank Pembangunan Malaysia Bhd, Exim Bank, and SME Bank is still in progress, and the focus on small and medium enterprises (SMEs) will continue. During a ...