SME News
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2020-03-24
Nearly half EPF contributors won’t have enough to last a year, warns KRI economist
KUALA LUMPUR, March 23 — Nearly half of contributors have insufficient savings to outlast the economic fallout wrought by the Covid-19 pandemic despite the government’s move to unlock RM40 billion from the Employees Provident Fund (EPF), ...
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2020-03-23
Semiconductor industry to be significantly hit
KUCHING: The Coronavirus Disease 2019 (Covid-19) is affecting China and is fast spreading across Asia, Europe, and US. In addition to the human cost of life, the impact of the spread of the virus on the global economy is only beginning to be appre...
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2020-03-23
Global economy continues to slide as pandemic worsens
KUALA LUMPUR: A sharp contraction of the global economy, at least in the second quarter, appears imminent, Moody’s Investors Service said. Uncertainty will remain for at least several months as to how long it will take to contain the spread ...
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2020-03-23
MCO good for health, not for business
KUCHING: Malaysia’s movement control order (MCO) will be good for health, but not for the business community, particularly companies categorised as ‘non-essential services’, analysts observed. To recap, Prime Minister Tan Sri Muh...
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2020-03-23
Local EMS sector could see 4% downside to 2020 revenue due to MCO: Research firm
PETALING JAYA: The movement control order (MCO) is expected to translate into approximately 4% downside to 2020 revenue for the Malaysian electronic manufacturing services (EMS) sector, according to CGS-CIMB Research. It noted that the sector...