Ensuring initiatives benefit small businesses
KUCHING: The state government through the Economic Planning Unit (EPU) and Ministry of International Trade and Industry, Industrial Terminal and Entrepreneur Development (Mintred) will continue to review the effectiveness of all measures implemented under the six Sarawakku Sayang Special Aid (BKSS) packages including those for small and medium enterprises (SMEs). Mintred Assistant Minister Datuk Mohd […]
Engineering students learn from the best
MIRI: Mechanical engineering students of Curtin University Malaysia (Curtin Malaysia) recently attended two online industrial talks by engineering managers from Schneider Electric Industries SAS, a global specialist in energy management and automation with operations in more than 100 countries. Together with students and academic staff from other engineering disciplines, they also participated in a virtual […]
Pemerkasa Plus incentives temporary relief, says economic analyst
KUCHING: The measures implemented under the recently announced Pemerkasa Plus stimulus package will help small and medium enterprises (SMEs) and businesses to weather the economic storm and provide short-term relief, said Fellow at Academy of Sciences Malaysia Datuk Dr Madeline Berma. The economic analyst said the measures, such as wage subsidies, loan moratoriums, cash handouts, and financial facilities, would help SMEs and businesses sustain themselves and stay afloat, as well as retain their workers. “The one-off financial support targeted at tour guides, taxi drivers, school bus drivers, and e-hailing drivers will help those who are affected heavily by the lockdown,” she said. Nevertheless, she pointed out that these financial supports would only provide temporary relief, not long-term solutions. At the same time, she said the government should adopt a targeted approach and provide support to those in the M40 category whose businesses had to close down during lockdown, including spa operators, clothing stores, and dine-in restaurants. “The Malaysian economy is on the road to recovery, but the pace is slow,” said Madeline. She said the numerous stimulus packages provided since the onset of the Covid-19 pandemic had put a heavy strain on the government’s financial situation. “There is still a relatively high unemployment rate and the tourism sector is still experiencing an acute downturn,” she said.
Housing developers welcome Fed’s Pemerkasa Plus incentives
KUCHING: The Pemerkasa Plus stimulus package announced by Putrajaya yesterday (May 31) will complement Sarawak’s Bantuan Khas Sarawakku Sayang (BKSS) 6.0. Sarawak Housing and Real Estate Developers’ Association (Sheda) Kuching branch chairman Datuk Sim Kiang Chiok said that as expected, under Pemerkasa Plus, there will be additional cash handouts for the B40 and M40, including […]
Assistance for small and medium enterprises
KUCHING: The Sarawak government has been offering assistance to small and medium enterprises (SMEs) for many years, says Datuk Mohd Naroden Majais. The Assistant International Trade and Industry, Industrial Terminal and Entrepreneur Development (Mintred) Minister pointed out that financial assistance under Sarawakku Sayang Special Aid (BKSS) 1.0 to 6.0 was designed for SMEs in both […]
Helping SMEs in these trying times
KUCHING: The government continues to provide various forms of assistance and initiatives under the economic stimulus packages to support the recovery and sustainability of businesses, particularly the small and medium enterprises (SMEs). Minister of Entrepreneur Development and Cooperatives (Medac) Datuk Seri Wan Junaidi Tuanku Jaafar said economic stimulus packages introduced by the government so far […]
SMEs hope for other forms of assistance
KUCHING: Local small and medium enterprises (SMEs) welcome the Sarawakku Sayang Special Assistance (BKSS) 6.0 announced by Chief Minister Datuk Patinggi Abang Johari Tun Openg recently. But they are hoping for more assistance to be channelled to them. Besides financial assistance, the SMEs think that there are other forms of assistance which the state government […]
Hopes for fed government to assist M40 group, SMEs
KUCHING: Following the announcement of the Sarawakku Sayang Special Assistance (BKSS) 6.0 package on Friday, Datuk Sim Kiang Chiok hopes that the federal government would extend the wage subsidies, automatic bank loan moratoriums, and further cash handouts to assist the M40 group as well as small and medium enterprises (SMEs). “The balance of lives and […]
Federation calls for economic aid package for SMEs
KUCHING: Federation of Kuching, Samarahan and Serian Divisions Chinese Associations president Datuk Richard Wee hopes that the federal government will come up with an economic aid package to assist especially the small and medium enterprises (SMEs). He pointed out that the Sarawakku Sayang Special Assistance (BKSS) 6.0 package unveiled by the Sarawak government on Friday […]
Prepare for stricter SOPs, SMEs told
KUCHING: The Ministry of Entrepreneur Development and Cooperatives (Medac) has called on small and medium enterprises (SMEs) as well as micro businesses to prepare to operate under a stricter standard operating procedures (SOPs) should the number of Covid-19 cases continues to rise. Its minister, Datuk Seri Dr Wan Junaidi Tuanku Jaafar said that business owners […]
