Local businesses thankful for assistance
KUCHING: Local businesses have expressed their gratitude for assistance provided by the state government to ease the burden of small and medium enterprises (SMEs) brought on by the Covid-19 pandemic and movement control order (MCO). Such measures include the recently announced Sarawakku Sayang Assistance Package 2.0, the state government’s second economic aid package worth RM1.1 […]
A boost to business confidence
KUCHING: The second economic aid package worth RM1.1 billion announced by the state government to alleviate the burden of small and medium enterprises (SMEs), micro enterprises, hawkers and petty traders would boost the confidence of the business community in facing tough challenges ahead, said Jonathan Chai Voon Tok. The Kuching Chinese General Chamber of Commerce […]
Package well-thought: Naroden
KUCHING: The second package of Sarawakku Sayang Assistance will eventually trigger all the supply-chains to move towards recovery and contribute to the state’s economic growth. Assistant Minister of International Trade and Industry, Industry Terminal and Entrepreneur Development (Mintred) Datuk Mohd Naroden Majais said the package was inclusive of everyone involved either directly or indirectly in […]
Grants are preferable for vulnerable SMEs than loans
KUALA LUMPUR: Grants will provide a stronger buffer for vulnerable small and medium enterprises (SMEs) to avoid insolvency compared with loans, said an economic, trade and regional integration analyst. Calvin Cheng from the Institute of Strategic and International Studies (ISIS) said loans could be a burden to vulnerable SMEs in addition to the permanent revenue loss incurred by them […]
Additional fund to assist Sarawak SMEs
KUCHING: The Sarawak government yesterday announced a second stimulus package worth RM1.1 billion to ease the financial burden of the state’s micro, small and medium enterprises, as well as hawkers and petty traders to assure continuity of their business following this Covid-19 and movement control order (MCO) period. Chief Minister Datuk Patinggi Abang Johari Tun Openg said the […]
Up to tenants to negotiate discounts
KUCHING: It is up to the small and medium enterprise (SME) tenants renting from private landlords to negotiate discounts, said the Sarawak Chamber of Bumiputera Entrepreneurs (DUBS). Its president Datuk Abang Helmi Ikhwan said that under the recently announced RM10 billion Prihatin Rakyat Economic Stimulus Package (supplementary), rental subsidy for SME premises under private proprietors […]
Govt’s fiscal injection rises to RM35 bln
KUALA LUMPUR: The government’s direct fiscal injection to stimulate the economy has increased to RM35 billion after the announcement of the RM10 billion Prihatin Package for SMEs (Additional Measures) made by Prime Minister Tan Sri Muhyiddin Yassin yesterday. Finance Minister Tengku Datuk Seri Zafrul Aziz said the injection would be funded through government funds and domestic borrowings. “The country’s budget […]
SMEs get RM10 bln economic package
PUTRAJAYA: Prime Minister Tan Sri Muhyiddin Yassin today announced an additional allocation of RM10 billion in the Prihatin Rakyat Economic Stimulus Package (Supplementary) to help ease the financial burden of the Small and Medium-sized Enterprises (SMEs). Speaking in Putrajaya today, he said, the additional stimulus package would guarantee two-thirds of the country’s workforce remain employed. Among the […]
‘Bungkusit’ offers zero commission for merchants
KUALA LUMPUR: Bungkusit, a Selangor-based delivery service provider offers zero per cent commission rate to its merchants in a bid to help the small and medium-sized enterprises (SME) showcase their products nationwide without having to lose sleep about reduced profit margins. Bungkusit co-founder and chief public relations officer, Azhar Zein told Bernama, unlike other e- hailing delivery […]
F&B operators navigate through MCO to sustain business
KUALA LUMPUR: As the movement control order (MCO) enters its 18th day today, food and beverage (F&B) businesses across the country, from cafe and restaurant owners to big-name fast-food outlets, manufacturers and retailers continue to feel the impact of Covid-19. Under the second phase of the MCO starting April 1, supermarkets, restaurants, and food delivery services are […]
