Sarawak mulls setting up commercial bank
GEDONG: The Sarawak government plans to set up its own commercial bank. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said by having its own commercial bank, Sarawak would be able to better help small and medium entrepreneurs in this state. “When our economy is growing, it will trigger greater participation of the private […]
New financial set-up to benefit state SMEs
KUCHING: A state-owned financial institution will aid Small- and Medium-sized entrepreneurs (SMEs) in expanding their economic activities and recover from the pandemic. According to SME Sarawak president Jordan Ong, the establishment of the institution will provide timely funding options for local SMEs. He also mentioned that it will enable the Sarawak government to have more […]
Sarawak Skills to hold workshop on May 11
KUCHING: The Sarawak Skills Group of Learning Institutions (Sarawak Skills) is organising a two-day Sustainability and Environmental, Social, and Corporate Governance (ESG) 101 Workshop on May 11 and 12 at the Raia Hotel and Convention Centre Kuching. The workshop aims to provide participants with a strong foundation in sustainability, climate change, United Nations Sustainable Development Goals […]
Trade volume up thanks to increase in exports
KUCHING: Sarawak’s trade volume increased by 51 per cent to reach RM166.15 billion last year compared to 2021 when it amounted to RM109.89 billion. Deputy chief executive officer (CEO) of the Malaysian External Trade Development Corporation (Matrade) Abu Bakar Yusof said Sarawak had recorded a growth in exports during the year. “Exports showed an increase […]
Sarawak govt to continue assisting SMEs
MIRI: Small and medium enterprises (SMEs) have always been the backbone of the Sarawak government’s economy. Through the Ministry of International Trade, Industry and Investment (Mintred), during the Covid-19 pandemic, the Sarawak government had provided financial assistance to SMEs to help them survive, said Deputy Premier Datuk Amar Awang Tengah Ali Hasan at the launch […]
ACCCIM urges the govt to reduce cost of doing business
KUALA LUMPUR: The Associated Chinese Chambers of Commerce and Industry Malaysia (ACCCIM) has urged the government to pay particular attention to tackling cost related bottlenecks in the business regulatory environment in the budget tabled this Friday. In a statement, ACCCIM said it is looking forward to a responsible and pro-business budget and reduce the cost […]
Budget 2023: SMEs Sarawak want loan repayment aid
KUCHING: Small and Medium Enterprise (SME) Association of Sarawak is hoping for Budget 2023 to roll out repayment assistance for B40 borrowers and microenterprises as defined by SME Corporation Malaysia. Its president Jordan Ong said the people and small businesses still need the loan repayment assistance support as they are still recovering from the financial […]
Industry Connect event, a catalyst to support enterprises
KUCHING: The Petroleum Sarawak (PETROS) Industry Connect event will play a significant role in encouraging Sarawak’s small and medium-sized enterprises (SMEs) to seize the opportunities in the oil, gas, and energy sectors. Energy and Environmental Sustainability Deputy Minister Dr Hazland Abang Hipni asserted that the event should be emulated for other industries as well. Such […]
Supporting, developing Sarawak-Sabah SMEs
KUCHING: Four new programmes aimed at supporting and developing small and medium enterprises (SMEs) in Sarawak and Sabah will be launched soon. “Starting this year, we are preparing four projects that are specially designed for the purpose,” said Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick. “Along with the 185 entrepreneur development programmes or projects […]
Opportunities in energy transition for SMEs
MIRI: Deputy Minister for Energy and Environmental Sustainability (MEESty) Dr Hazland Abang Hipni disclosed that there are opportunities in the Energy Transition towards Environmental Sustainability in Sarawak for ‘futuristic and forward’ thinking small and medium enterprises ( SMEs). “However, they will need clearer and more transparent information sharing by PETRONAS and PETROS in gearing the […]
