SME News
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2023-12-07
Malaysia plans new wage scheme for low-income workers
KUALA LUMPUR -- Malaysia's government will introduce a new program to raise wages for low-income workers, as the Southeast Asian country grapples with rising living costs and growing inequality. The Progressive Wage Policy, under which employe...
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2023-12-07
Samenta urges PM to appoint second finance minister
KUALA LUMPUR: Small and Medium Enterprises Association (Samenta) has urged the Prime Minister to appoint a second finance minister to assist in strengthening the economy and implementing the government's ambitious transformation plans. I...
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2023-12-07
MITI: Malaysia needs paradigm shift in productivity, higher wages
PETALING JAYA: Employers need a paradigm shift in investing in productivity and be willing to pay higher wages for skills, said Deputy Minister of International Trade and Industry (MITI) Liew Chin Tong (pix). He suggested that Malaysian busin...
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2023-12-07
Hong Leong Bank targets growth in SME loans
PETALING JAYA: Hong Leong Bank Bhd (HLB) expects to achieve overall loan growth of 7% to 8% under its mid-term transformation plan, spanning three to five years. The target is not a significant bump up from the bank’s expected loan...
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2023-12-07
MIDF Research expects Malaysia's GDP growth to improve to 4.7% in 2024
KUALA LUMPUR: MIDF Research expects Malaysia’s gross domestic product (GDP) growth rate to improve to 4.7 per cent in 2024, supported by the recovery in external trade and sustained growth in domestic demand. Director and head of strategy Im...