SME News
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2024-10-23
Small businesses taking IP lightly
Kota Kinabalu: Many small and medium enterprises (SMEs), especially in the food and beverage (F&B) and hospitality sectors, still do not understand the importance of intellectual property (IP) as a resource for business growth. The ...
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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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2024-10-23
Govt urged to establish central agency to align MSME development initiatives
KUALA LUMPUR (Oct 23): The government should empower SME Corp as a central agency in order to align the development objectives of micro, small, and medium enterprises (MSMEs) in the country, experts said. In a statement on Wednesday, both Lee Chea...
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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 ...
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2024-10-22
Guan Eng: Raise tax threshold to help ease SMEs' minimum wage burden
KUALA LUMPUR, Oct 22 (Bernama) -- The government is urged to assist small and medium enterprises (SMEs) by raising the taxable income threshold for the 15 per cent tax rate from RM150,000 to RM300,000, following the introduction of the new RM1,700 mi...