PETALING JAYA: Several business groups have slammed an opposition MP’s proposal for an annual corporate savings tax of 2.5% to be imposed in the name of wealth-sharing. SME Association of Malaysia secretary-general Chin Chee Seong called the proposal ridiculous and unreasonable, as companies already faced relatively high tax rates of 15% to 24%. He said many small and medium-sized enterprises… Source link

Malaysia’s e-commerce sector has witnessed significant growth, contributing substantially to the nation’s economy. In the first quarter of 2023, e-commerce income by local establishments surged by an impressive 10.4% year-on-year, reaching RM291.7 billion as reported by the Department of Statistics Malaysia (DOSM) in its Usage of ICT and E-Commerce by Establishment 2022 release. Moreover, e-… Source link

PETALING JAYA: With the current economic slowdown resulting in lower orders and labour needs, many employers are still reluctant to let go of their foreign workers, says a group representing small and medium enterprises. SME Association of Malaysia (SME Malaysia) president Ding Hong Sing said companies were… Source link

TECH giants the world over have often earned the ire of governments due to their dominant positions. Many of the actions taken have been ways to impose tax and fines on the tech players. But in some cases they relate to protecting vulnerable local players. Source link

KUALA LUMPUR: Alliance Bank Malaysia Bhd is collaborating with Monash University Malaysia and the International Centre for Education in Islamic Finance (INCEIF University) to help small and medium enterprises (SMEs) fast-track their adoption of environment, social and governance (ESG) best practices. In a… Source link

On November 1, 2023, the Selangor Information Technology and Digital Economy Corporation (Sidec) announced the five winners of this year’s Selangor E-Commerce Xccelerator (ECX23) during its Final Demo Day. It’s a new programme intended to provide ecommerce entrepreneurs, business owners, and founders with the necessary aid to succeed in the competitive digital market.  This is done by… Source link

5.6% and 9.9% Growth in Food & Catering Business and Retail in Q3 2023 HONG KONG, Nov. 3, 2023 /PRNewswire/ — BBMSL, a leading fintech payment service provider in Hong Kong, announced today during the Hong Kong Fintech Week 2023 exhibition that in response to the slow recovery of SMEs post-pandemic, it has officially launched its revolutionary service BBHub… Source link

Achievers of all categories in the Human Resource Development Awards 2023 (HRD Awards 2023) were celebrated in a winner announcement and gala dinner organised by the Human Resource Development Corporation (HRD Corp), on 31 October 2023. The event was graced by Deputy Prime Minister and the Minister of Plantation and Commodity Yang Amat Berhormat Dato’ Sri Haji Fadillah bin Haji Yusof and… Source link

SINGAPORE, Nov. 2, 2023 /PRNewswire/ — Funding Societies | Modalku, the largest unified SME (small and medium enterprises) digital finance platform in Southeast Asia, today announced that it has raised US$7.5 million in debt from Norfund, a Development Financial Institution (DFI), which operates an investment fund owned by the Norwegian government for developing countries. This is… Source link

by Fintech News Singapore November 2, 2023 Southeast Asian SME digital finance platform Funding Societies secures US$7.5 million in debt funding from Norfund, a Norwegian Development Financial Institution (DFI). This is the… Source link