SME News
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2021-02-04
Survey: Almost nine in 10 businesses in KL, JB, George Town saw sales drop in 2020 due to Covid-19
KUALA LUMPUR, Feb 4 - At least 88 per cent of businesses operating in Malaysia’s three major cities reported decrease in sales due to Covid-19 last year, a survey conducted by urban rejuvenation outfit Think City revealed. Its survey ti...
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2021-02-04
Malaysia's vape industry too big to be unregulated
KUALA LUMPUR: The vape industry in Malaysia, valued at an estimated RM2.7 billion, is too substantial to remain unregulated, said the Malaysian Vape Chamber of Commerce (MVCC). MVCC called on the government to immediately introduce appropria...
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2021-02-04
As MCO 2.0 gets extended, industries again band together to criticise Putrajaya’s lack of clarity, plan
KUALA LUMPUR, Feb 4 - A coalition of 43 trade groups under the Industries Unite banner have once again raised concerns over the lack of a long-term recovery plan for small-medium enterprises (SME). The associations said up until now there is ...
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2021-02-04
Govt channelled RM1.22b under Penjana SME financing scheme, says finance minister
KUALA LUMPUR, Feb 4 - The government has approved 6,404 applications involving RM1.22 billion under the National Economic Recovery Plan’s (Penjana) small and medium enterprise (SME) financing scheme as of January 22, said Finance Minister Datuk...
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2021-02-04
MCO 2.0 has shuttered two-thirds of small businesses in Malaysia, and that’s just tip of iceberg, retail group warns
KUALA LUMPUR, Feb 4 - Close to a third of small retail businesses have “collapsed” in the three weeks since the government enforced a second round of the movement control order (MCO) with more likely to fold if curbs are prolonged, t...