SME News
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2022-03-21
All systems go for April 1 switch to endemicity? Not quite, as Malaysian industry players complain of manpower shortage
KUALA LUMPUR, March 21 — Malaysia’s industry players are counting down to April 1, hoping for an economic reset when the government officially announces the country’s start of its transition to Covid-19 endemicity. However,...
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2022-03-21
Slow and steady rise helps
PETALING JAYA: Employers are asking for more time before the new RM1,500 minimum wage is implemented from May 1, claiming that they have been caught off-guard by the announcement. They are also calling for the new wage to be implemented gradually,...
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2022-03-21
SMEs to benefit the most from digital banks
SMALL and medium enterprises (SMEs) will be the biggest beneficiaries of digital banks as they contribute half of Malaysia’s GDP as well as the working population. Bank Negara Malaysia (BNM) is expected to award digital banking licences to f...
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2022-03-21
Increasing minimum wage not holistic solution, industry players say
INDUSTRY players are concerned over the government’s announcement to increase the minimum wage to RM1,500 a month which takes effect beginning May 1. Malaysia Association of Cleaning Contractors president Noruddin Idris said this step is too...
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2022-03-20
Manufacturers express disappointment over jump in minimum wage
KUALA LUMPUR (March 20): The Federation of Malaysian Manufacturers (FMM) is "deeply disappointed" its call for a progressive adjustment to the minimum wage under the current business conditions has been ignored, following the government'...