ACCORDING to Bank Negara data, the second quarter of 2023 saw a slight increase in the country’s economy, with growth of 2.9%; a decrease from the 5.6% growth in the first quarter. Even though it has made economic progress, Malaysia nonetheless struggles with the stigma of chronic poverty. The struggle for survival has become more intense for those less… Source link

SINGAPORE, Jan. 3, 2024 /PRNewswire/ — Khazanah Nasional Berhad (“Khazanah”) and CGC Digital Sdn Bhd (“CGC Digital”) announced an investment into the largest unified small and medium enterprise digital finance platform in Southeast Asia, Funding Societies | Modalku (“Funding Societies”), to broaden financing access to unserved and underserved businesses. (L-R: Funding… Source link

KUALA LUMPUR, Jan 3 — Khazanah Nasional Bhd and CGC Digital Sdn Bhd are investing in Southeast Asia’s largest unified small and medium enterprise digital finance platform, Funding Societies | Modalku, to broaden financing access for micro, small and medium enterprises (MSMEs). In a joint statement today, the companies said that following the investment, Funding Societies would aim to… Source link

SINGAPORE, Jan. 3, 2024 /PRNewswire/ — AIDA Engineering Malaysia Sdn. Bhd. celebrates Double Accolades at the recent 10th Asia Corporate Excellence and Sustainability Awards (ACES). The team was honoured in the category of “Asia’s Leading SME” & “Green Innovation”. After a thorough and unbiased review process, 82 winners emerged across 21 categories from Malaysia, Hong Kong, Indonesia, Laos,

Malaysian sovereign wealth fund Khazanah Nasional has invested an undisclosed amount in Southeast Asian digital lending platform Funding Societies. In a joint statement on Wednesday, Khazanah said the investment will help it broaden financial access to businesses, especially micro, small and medium enterprises (MSMEs) currently unserved by financial institutions. Malaysian fintech company CGC… Source link

SINGAPORE, Jan. 3, 2024 /PRNewswire/ — AIDA Engineering Malaysia Sdn. Bhd. celebrates Double Accolades at the recent 10th Asia Corporate Excellence and Sustainability Awards (ACES). The team was honoured in the category of “Asia’s Leading SME” & “Green Innovation”. After a thorough and unbiased review process, 82 winners emerged across 21 categories from Malaysia, Hong Kong, Indonesia, Laos,… Source link

PETALING JAYA: It was supposed to be a clear-cut case of adding 10% of the low-value goods (LVG) tax to the price of imported goods tagged below RM500 sold through ecommerce platforms. However, to the shock of consumers, the total to pay is not a mere additional 10% for some goods as overseas sellers have… Source link

KUALA LUMPUR: Deputy Entrepreneur Development and Cooperatives Minister Datuk R. Ramanan proposes that the government increase the RM30mil allocation of the Indian Community Entrepreneur Development Scheme (Spumi) under Tabung Ekonomi Kumpulan Usaha Niaga (Tekun) Nasional in line with current challenges. He… Source link

KUALA LUMPUR: With the dawn of 2024, the SME Association of Malaysia is looking forward to further promoting small and medium enterprises as the backbone of economic growth. Its president Ding Hong Sing said the association’s confidence has been boosted by Budget 2024’s allocation of RM44 billion to advance micro, small and medium-sized enterprises (MSME). “MSME contributed 38.2% to the… Source link

PETALING JAYA: Delivery and implementation must be in high gear if the government wants to see stronger economic growth this year, say the small and medium enterprises (SMEs). With SMEs making up the majority of businesses in Malaysia, they said the government’s resolve in transforming the economy should… Source link