SME News
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2023-10-09
SMEs have less than two months of cash reserve: Samenta study
KUALA LUMPUR: Small and medium enterprises (SMEs) have low business margin and cash flow limitations despite a general recovery in business. According to a survey by Small and Medium Enterprises Association Malaysia (Samenta), 29 per cent of...
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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
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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2023-10-08
CTIM sees no tax cuts for individuals and corporates in Budget 2024
KUALA LUMPUR, Oct 8 (Bernama) – Chartered Tax Institute of Malaysia (CTIM) does not expect tax cuts for individuals or corporates, but more details on the luxury goods tax (LGT) and the mechanism for capital gains tax in the upcoming Budget 202...
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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...

