SME News
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2021-06-09
SMEs and small businesses about to go bust, says MEF
PETALING JAYA: Many SMEs and micro enterprises have reached a breaking point under the total lockdown and “have zero cash flow to sustain businesses”, says the Malaysian Employers Federation (MEF). Its president Syed Hussain Syed Husma...
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2021-06-09
Govt statistics show Malaysia’s labour force recovering, with unemployment rate for April dropping to 4.6pc
KUALA LUMPUR, June 9 — The unemployment rate in Malaysia for April 2021 has dropped to 4.6 per cent which was the lowest rate since October 2020, the Department of Statistics Malaysia (DOSM) reported today on Statistics of Labour Force, Malaysi...
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2021-06-09
Malaysia Debt Ventures’s relief measures to resume in supporting affected technology micro-SMEs
KUALA LUMPUR, June 9 — Malaysia Debt Ventures Bhd (MDV) will implement the third phase of moratorium and restructuring of payments for its eligible customers to alleviate the challenges faced due to the implementation of the Full movement contr...
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2021-06-09
Standard Chartered Malaysia, AmBank extend financial support for customers
KUALA LUMPUR, June 9 — Standard Chartered Malaysia and Standard Chartered Saadiq Malaysia will continue to provide financial support to affected clients through its Targeted Repayment and Payment Assistance (TRA) Programme. In a statement to...
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2021-06-08
50,000 SMEs face closure under MCO 3.0
At least 50,000 more small and medium enterprises (SMEs) may be out of business should the Movement Control Order (MCO 3.0) extend another six weeks. SME Association of Malaysia national VP Chin Chee Seong said about 100,000 companies have ceased ...