SME News
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2020-09-28
MEDAC to propose ways to encourage alternative micro funding to cabinet
KUALA LUMPUR: The Entrepreneur Development and Cooperatives Ministry (MEDAC) will propose the introduction of incentives such as tax relief for companies to the Cabinet to encourage more alternative micro funding from the private sector. Its minis...
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2020-09-28
Call to implement long-term tourism recovery plan
KUALA LUMPUR: The Institute for Democracy and Economic Affairs (IDEAS) has urged the government to implement a long-term tourism recovery plan to address the struggling sector. It said the tourism sector is currently one of Malaysia's hardest-...
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2020-09-28
CIMB urges customers to call bank for financial assistance before moratorium ends
CIMB has urged customers in need of further financial assistance to contact the bank as soon as possible before the six-month automatic loan moratorium ends on Wednesday. In a statement today, the bank said it had started sending letters, SMS noti...
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2020-09-28
XOX to develop AntChain-powered blockchain solution for pharmaceutical sector
KUALA LUMPUR (Sept 28): XOX Bhd is keen to develop customised solutions on its TraX platform for the pharmaceutical sector, following the roll out of the platform for the food industry. Chief executive officer Ng Kok Heng said TraX is a web and mo...
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2020-09-28
Expected business distress post-moratorium manageable, says CGC
KUALA LUMPUR, Sept 28 — Credit Guarantee Corporation Malaysia Bhd (CGC) believes that the anticipated business distress when the six-month moratorium expires on Sept 30, 2020 will be manageable. Its president and chief executive officer, Dat...