Govt to engage with micro and SME reps ahead of Budget 2023, says deputy finance minister

KUALA LUMPUR, Jan 26 — Deputy Finance Minister I Datuk Seri Ahmad Maslan said that the government will hold dialogue sessions with representatives from micro-enterprises and small and medium enterprises (SMEs) as part of its preparations for Budget 2023. “The topic that will be discussed in today’s session is youth development, and other topics that will be discussed later are food… Source link

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Malaysia can attain 4% growth

What is your projection on the Malaysian economy this year (2023)? In my analysis, Malaysia would face great challenges ahead given the slowdown due to elevated inflation, higher interest rates, reduced investments, supply disruptions caused by Russia’s invasion of Ukraine, and the recent World Bank’s downward global economic growth forecast from 3% to 1.7%. However given the… Source link

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Revenue Monster to expand merchant network, boost SME presence

PETALING JAYA: Local financial technology group Revenue Monster Sdn Bhd, a wholly owned subsidiary of Super App Sdn Bhd, aims to increase the number of its merchants to 15,000 from about 11,000 this year and the portion of SME merchants to 60% compared with 40% within three years, said its group CEO Lim Kar Aik (pic). “Our growth rate last year was around 3,000. Hence this year, to grow… Source link

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Hitches still remain in getting maids

PETALING JAYA: The move to allow for the legalisation of illegal foreign workers in Malaysia and easing the rules of hiring will help ease the labour shortage but hitches remain in getting maids, say stakeholders. “We are still waiting for a memorandum of understanding with source countries. So far, there… Source link

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Improve govt procurement: Samenta

PETALING JAYA: The government can address the twin objectives of improving the efficiency and efficacy of its procurement and at the same time support the small and medium enterprises (SME) via a transparent handicapped system, said Small and Medium Enterprises Association (Samenta) national secretary Yeoh Seng Hooi (pix). Commenting on the Economic Affairs Minister Rafizi Ramli’s call for… Source link

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Incentivise Budget 2023 to help SMEs, say business groups

PETALING JAYA: More special allocations and incentives are needed under the 2023 Revised Budget to help small and medium enterprises (SMEs) spur the local economy, say groups. SME Association national president Ding Hong Sing welcomed Prime Minister Datuk Seri Anwar Ibrahim’s initiative to put SMEs as one of… Source link

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Anwar is right, SMEs are instrumental to Malaysia’s growth

RECENTLY, Anwar was quoted as saying that the unity government’s revised Budget 2023 will be focusing on small and medium enterprises (SMEs) as well as the green and digital economy.  Now that you have announced your government will prioritise the growth and sustainability of SMEs in the country, you will, very soon, be hearing or learning of under-the-radar… Source link

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Govt to focus on service sector in Budget 2023, says PM

PUTRAJAYA (Jan 17): The Government will focus on the service sector in Budget 2023, which will be presented on Feb 24, according to Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim on Tuesday (Jan 17). He said that among the sectors that will be focused on are green technology, the digital economy, and small and medium enterprises (SMEs). He said government policy should also focus… Source link

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We are never too old to learn new things

IN this week’s Success: The Insight Story column, SME Association of Malaysia national president Ding Hong Sing (pic), who is also PA Food Sdn Bhd founder and managing director answers SunBiz’s questions. How has your life experience made you the leader you are today? I was 20 years old when I joined Hazama Bumi Sdn Bhd, a Japanese construction company, back in 1982. I had no formal… Source link

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