SME News
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2023-10-09
SMEs hope for 2% tax cut in 2024 budget
GEORGE TOWN: Groups representing over 20,000 small and medium enterprises (SMEs) hope the 2024 budget will provide a 2% cut on company tax, allowing funds to be freed for reinvestment in their businesses. William Ng, chairman of the Small and Medi...
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2023-10-09
MIDA launches new funds to drive automation, digitalisation and ESG practices
KUALA LUMPUR: The Malaysian Investment Development Authority (MIDA) has launched new funding facilitation initiatives to catalyse Malaysia's industrial growth and foster economic development. These initiatives include the Domestic Investment A...
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2023-10-09
Sarawak stands to gain more if cabotage policy abolished, says association
KUCHING, Oct 9 — Sarawak Manufacturers Association (SMA) is hoping that the cabotage policy would be abolished so that the state’s economy would improve. “If there’s no more national cabotage, manufacturing inputs would be ...
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2023-10-08
Budget 2024: SMEs need guidance on ESG best practices, matching grants
KUALA LUMPUR (Oct 8): Small and medium enterprises (SMEs) are hoping that the government can guide them to better understand environmental, social and corporate governance (ESG) practices in the business sector. SME Association of Malaysia nationa...
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2023-10-08
Groups: More FDIs mean better wages, less brain drain
JOHOR BARU: Attracting more foreign direct investments (FDIs) into Malaysia will be key in driving up wages, and that in turn would help to stop locals from seeking greener pastures abroad, say business groups. South Johor SME Association adviser ...