SME News
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2022-02-10
Analysts: Raising minimum wage won’t harm Malaysia’s economy; better price controls urgently needed instead
KUALA LUMPUR, Feb 10 — Raising the minimum wage in Malaysia will not be detrimental to the economy or businesses, contrary to what some employers have claimed, said economic experts. They said there isn’t enough empirical evidence to s...
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2022-02-10
Nation’s eCommerce income surpasses RM1 trillion
PETALING JAYA: Malaysia’s eCommerce income crossed the RM1 trillion mark for the first time in 2021, growing by almost 22% from the previous year. Amid the Covid-19-induced weak economic conditions, eCommerce income surged to RM1.09 trillion...
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2022-02-10
EPU gives latest update on total eligible BKSS 7.0 SME recipients
KUCHING (Feb 10): Around 4,000 eligible small, medium enterprises (SMEs) and micro businesses have successfully received the Sarawakku Sayang Special Assistance (BKSS) 7.0 financial aid to date, said Pending assemblywoman Violet Yong. She commente...
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2022-02-10
Focus on labour law reform and productivity, not minimum wage, SME group tells HR Ministry
KUALA LUMPUR, Feb 10 — The Small and Medium Enterprises Association of Malaysia (Samenta) today urged the Human Resources Ministry to focus on reforming the country’s labour laws to keep up with the gig economy and the reality of a post-p...
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2022-02-10
Confusion over border reopening will hit business, govt told
PETALING JAYA: Confusing statements on the reopening of Malaysia’s borders may affect industry players and investor confidence, says a business group. On Tuesday, National Recovery Council (NRC) chairman Muhyiddin Yassin suggested that the b...