SME News
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2021-10-03
Budget 2022: No new taxes expected, says research group
KUALA LUMPUR: A research arm of a leading bank believes that no new taxes would be introduced in the 2022 budget due to the lingering Covid-19 pandemic MIDF Research, the investment arm of MIDF Amanah Investment Bank Bhd, however, said the governm...
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2021-10-01
Malaysia rules out levying windfall tax on businesses, for now
KUALA LUMPUR: Malaysia for the time being does not intend to impose a windfall profit levy on glove makers or other businesses whose profits grew manifold during the global health crisis, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. ...
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2021-10-01
MoF: More favourable near-term prospects
PETALING JAYA: The Finance Ministry (MoF) says Malaysia’s economic recovery prospects in the near term appear more favourable with the reopening of various economic sectors and timely implementation of stimulus packages. Following this year&...
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2021-10-01
Construction sector lost RM42b since MCO 1.0
THE construction sector’s losses since the first Movement Control Order (MCO) was enforced starting March 2020 amounted to RM42 billion to date. Senior Works Minister Datuk Seri Fadillah Yusof said of the total, RM18 billion was the estimate...
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2021-09-30
RM20mil in loans distributed under Spumi
KUALA LUMPUR: The government has channelled loans valued at RM19.96mil to 818 micro small and medium enterprises (MSMEs) under the Indian Community Entrepreneur Development Scheme or Spumi as of Aug 20, 2021. Finance Minister Tengku Datuk Seri Zaf...