SME News
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2022-10-31
SSM extends compound reduction incentive under Companies Act 1965 until Dec 31
KUALA LUMPUR: The Companies Commission of Malaysia (SSM) will extend the compound reduction incentive under the Companies Act 1965 starting from Nov 1, 2022 until Dec 31, 2022. Under this incentive, companies and directors are eligible for a reduc...
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2022-10-31
SMEs’ complaint of labour shortage slows down the return of ‘business is as usual’
KUALA LUMPUR, Oct 31 — Labour shortage continues to be a drag on the economy, say industry players. One of the reasons for this is strict criteria on the hiring of foreign workers. While he is grateful to the government for the initiative...
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2022-10-31
Bank Islam targets RM4bil syariah-ESG assets by 2025
KUALA LUMPUR: Bank Islam Malaysia Bhd aims to boost its syariah – environmental, social, and governance (ESG) assets to RM4bil by the end of 2025 from RM2.62bil in June 2022. The value in June was 16.4% higher compared to the RM2.25bil recor...
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2022-10-31
S’gor records higher revenue than expected again
SELANGOR recorded RM2.18bil in revenue as of October this year, 6.3% higher than the projected figure of RM2.05bil, two months ahead of the year-end. Mentri Besar Datuk Seri Amirudin Shari attributed this achievement to the reopening of economic s...
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2022-10-31
Inflationary pressures remain on challenges
PETALING JAYA: While inflationary pressures seem to have eased based on the latest consumer price index (CPI) figures, economists are not discounting the fact that headline inflation may pick up in the coming quarters. Speaking with StarBiz, AmBan...