SME News
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2024-04-05
SMEDA calls for duty reduction to 3pc, lower taxes to boost SME Growth
LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) has proposed comprehensive reforms, including a cut in duties to 3 percent, single-digit SME taxes and sales tax, and interest rates lowered to 10-15 percent, to support SME growt...
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2024-04-04
Small businesses are still hungry to hire, but many workers eye better pay elsewhere
Small and midsize firms remain eager to expand their workforces, but economists say many jobseekers are likely chasing higher pay at larger companies with deeper coffers. Employers with fewer than 1,000 workers posted the lion’s share o...
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2024-04-03
All imported goods now face VAT
Following a mandate from Prime Minister Srettha Thavisin, the government looks set to impose a 7% value-added tax (VAT) on imported goods valued from one baht up, commencing in May. Goods sold for less than 1,500 baht per parcel and imported to Th...
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2024-04-03
Empowering Small to Medium Enterprises Towards Energy-Efficient Operations
Understanding and effectively managing energy consumption within small to medium enterprises (SMEs) can result in significant cost savings, improved operational efficiency, and reduced environmental impact. The path to energy efficiency ...
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2024-04-03
Leverage AI to Spur Climate Action
In December 2023, when the 28th UN Framework Convention on Climate Change (UNFCCC) came to a close in Dubai, UAE, we heard ambitious promises to strengthen climate finance, transition into a just and orderly energy decarbonization away from fossil fu...