SME News
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2025-02-05
Palm oil industry urges review of mandatory EPF contributions for foreign workers
KUALA LUMPUR: The two per cent increase in Employees' Provident Fund (EPF) contributions could impose an additional annual cost of RM137 million on employers, particularly impacting small and medium-sized estates in the plantation sector, accordi...
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2025-02-05
Foreign firms should buy 50% local goods to boost economy, says Guan Eng
KUALA LUMPUR: Lim Guan Eng (PH-Bagan) has urged the government to compel foreign companies operating in Malaysia to buy 50% of their essential goods from local businesses to boost the domestic economy. The former finance minister cited the ex...
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2025-02-05
Gig and self-employed workers to benefit from Non-Occupational Accident Scheme
KUALA LUMPUR: The Cabinet has, in principle, approved the Human Resources Ministry's plan to implement the proposed Non-Occupational Accident Scheme (SKBBK). Deputy Human Resources Minister Datuk Seri Abdul Rahman Mohamad said the scheme will ...
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2025-02-05
Guan Eng urges tax relief, local procurement rules to shield SMEs, struggling middle class from economic pressures
KUALA LUMPUR, Feb 5 — Bagan MP Lim Guan Eng has urged the government to introduce additional tax reliefs and enforce local procurement requirements to ease economic pressures on Malaysia’s struggling middle class and small businesses. ...
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2025-02-05
ESG awareness among SMEs surges
ENVIRONMENTAL, social and governance (ESG) awareness among Malaysian small and medium enterprises (SMEs) has skyrocketed from just 14% to 80% over the past two years, underscoring a rapid shift in recognition of sustainability’s importance in t...

