SME News
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2023-10-09
NIMP 2030: Digitalisation vital for smart factory realisation
The manufacturing sector in Malaysia is currently in a transitional phase between Industry 2.0 and 3.0 of the Industrial Revolution. The country’s technology infrastructure is already advanced and mature, but digital adoption by small and mediu...
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2023-10-09
Tax Governance Framework in Malaysia: Moving Towards Sustainability and Value Creation
The Malaysian Inland Revenue Board (IRB) identified approximately 31,000 potential tax evaders and estimated tax losses of RM665 billion shouldered by the Malaysian government in June 2022. Additionally, the IRB, through Op Saji, detected tax evas...
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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 ...

