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SEBA 2023 honours 41 entrepreneurs, enterprises

KUALA LUMPUR: Forty-one entrepreneurs and enterprises across Malaysia, including Sabah and Sarawak, were honoured yesterday at the 10th Small and Medium Enterprises (SME) and Entrepreneurs Business Awards (SEBA) 2023.  Among them were Ink Marketing Sdn Bhd which clinched the Most Iconic Business Award, Perlimndungan & Indemniti Malaysia Sdn Bhd which won the Best in Marine Insurance Award, […]

SME Bank to empower social enterprises among MSMEs

KUALA LUMPUR: SME Bank will empower micro, small and medium enterprises’ (MSMEs) social enterprises and sustainable business efforts following the recent Budget 2023 announcement, with the introduction of three new programmes worth RM31 million.   In addition to the existing financing facilities valued at RM1.34 billion, the government has announced an additional RM9 million for […]

Women entrepreneurs contribute to economic growth

KUCHING: In the latest data by the Malaysia Statistical Business Register published by the Department of Statistics, women’s small and medium-sized enterprises (SME) contributed to the country’s economic growth, said Datuk Sharifah Hasidah Sayeed Aman Ghazali. Hasidah, who is also the Deputy Minister in the Premier’s Department (Law, MA63, and State-Federal Relations), stated that there […]

Lotus’s Malaysia joins campaign to raise halal product marketability

KUALA LUMPUR: Lotus’s Stores (Malaysia) Sdn Bhd (Lotus’s Malaysia) has joined hands with the Halal Development Corporation (HDC) in the ‘Make Halal Your First Choice’ campaign to raise the marketability of locally made halal products, running throughout April to July. The campaign, a programme under the 2022 Budget Initiative, features 389 lines of halal-certified food and non-food […]

AKPK developing programme to assist SME borrowers facing cash flow problems

KUALA LUMPUR: The Credit Counselling and Debt Management Agency (AKPK) is developing a Temporary Relief Programme (TRP) to reduce the burden of individual and small and medium enterprise’s (SME) borrowers who are still having difficulty restoring their cash flow. Deputy Finance Minister II Yamani Hafez Musa said the borrowers would start encountering this problem once […]

12MP should focus on digital economy to achieve high-income nation status

KUALA LUMPUR: The government will need to focus on the digital economy and digital infrastructure as well as productivity in the 12th Malaysia Plan (12MP) to restore the country’s growth following the Covid-19 pandemic and hence realise the aim of becoming a high-income economy as early as 2024. The World Bank, in its report titled […]

Reopening of SME sector will depend on Covid-19 infection risk

KUALA LUMPUR: The reopening of business sectors, especially small and medium enterprises (SMEs), needs to be decided based on the risk of Covid-19 infection in the respective sectors, said National Recovery Plan (PPN) Coordinating Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz. Tengku Zafrul, who is also Finance Minister, said it needed to be assessed […]

Alibaba Cloud-SDEC collaboration to boost Sarawak SMEs digital economy

KUCHING: International cloud service provider Alibaba Cloud is collaborating with Sarawak Digital Economy Corporation Bhd (SDEC) to bring small and medium enterprises (SMEs) in Sarawak to migrate into digital economy. In a joint statement today, they said the cooperation would see SDEC, a Sarawak State Government wholly-owned company, leveraging on the powerful public cloud service […]

Unconditional moratorium will be given to all individual borrowers, micro-entrepreneurs

KUALA LUMPUR: A six-month moratorium will be given to all individual borrowers whether they are from the B40, M40 or T20 groups, or micro-entrepreneurs, Tan Sri Muhyiddin Yassin said. The prime minister said no more conditions such as income reduction, checks on whether the applicant had lost his job and documentation needed to be submitted […]

RHB launches app for SMEs

KUCHING: The first artificial intelligence (AI) powered customer self-initiated small and medium sized enterprise (SME) financing mobile application in Malaysia has been launched by RHB Banking Group (RHB). According to a statement, the RHB Financing (SME) mobile app provides added convenience and accessibility for SME customers through automation of the customer on-boarding process and adds […]