At the heart of Kuala Lumpur, a significant announcement was made that sets the stage for a transformative journey for micro, small, and medium enterprises (MSMEs) across Malaysia. The launch of the 2024 Enterprise 50 (E50) award by SME Corp Malaysia is not just a search for the nation’s top 50 MSMEs; it’s a clarion call for these… Source link

KUALA LUMPUR, Feb 27 (Bernama) — SME Corp Malaysia’s launch of the 2024 Enterprise 50 (E50) award marks the beginning of the yearly search for the top 50 micro, small and medium enterprises (MSMEs) in Malaysia. “MSMEs need to integrate their business operations with environmental, social and governance (ESG) principles as this is becoming significant and will be the… Source link

KUALA LUMPUR (Feb 27): RHB Bank Bhd, Malaysia’s fourth-largest bank by assets, said on Tuesday net interest margin may remain steady this year but flagged pressure from higher funding costs and slowing loan growth. Net interest margin, a measure of profitability from lending, may come in at 1.8-1.9% in the financial year ending Dec 31, 2024 (FY2024) versus the 1.82% achieved last year, said… Source link

by Fintech News Singapore February 27, 2024 DBS Bank and supermarket chain Sheng Siong have embarked on a mission to assist suppliers in adopting more sustainable business practices. The initiative aims to reach out to 1,000… Source link

(Bloomberg) — Malaysian businesses are paying a high price for their country’s weak currency that is making importing material and servicing foreign debt more costly. Most Read from Bloomberg With the ringgit hitting a 26-year low, industries from airlines to raw material-intensive sectors are particularly at risk, according to S&P Global Ratings. The ringgit has slid to its lowest level since… Source link

PETALING JAYA: Market financing is critical to empower local small and medium enterprises innovate as Malaysia evolves into a high-income economy, says the Institute for Capital Market Research Malaysia (ICMR). Based on its latest report Market-based Financing for SMEs in Malaysia: Issues, Challenges and Way Forward, the research house emphasised the growing need for a more diversified… Source link

In the heart of Malaysia, where the spirit of entrepreneurship thrives among the bustling streets and digital highways, a crucial dialogue unfolds on the future of small and medium enterprises (SMEs). The Institute for Capital Market Research Malaysia (ICMR) has recently spotlighted a pivotal element in the nation’s journey towards… Source link

SME Bank hopes to complete disbursement of BFF year-end Published on: Wednesday, April 10, 2013 Text Size: Kuala Lumpur: SME Bank Bhd hopes to completely disburse the RM1 billion Bumiputera Financing Fund (BFF) by year-end. Its Managing Director, Datuk Mohd Radzif Mohd Yunus, said demand for the fund, which was launched Tuesday, would depend on the momentum of divestment plans… Source link

In an era marked by increasing environmental concerns and a growing emphasis on corporate responsibility, the adoption of environmental, social and governance (ESG) practices has become pivotal in the global market. For Malaysia, this cannot take off without the participation of small and medium enterprises (SMEs), which are integral to the nation’s economic fabric. Recognising the… Source link

This article first appeared in Digital Edge, The Edge Malaysia Weekly on February 26, 2024 – March 3, 2024 An impressive 1.15 million small and medium enterprises (SMEs) dot Malaysia’s economic landscape. They are the unsung heroes that form the backbone of the nation’s economy, making up 97% of all businesses and contributing to roughly 38% of gross domestic product and employment.