KUALA LUMPUR (Oct 17): The just-announced Budget 2024 has mandated Bank Pembangunan Malaysia Bhd (BPMB) to allocate up to RM7.3 billion of targeted financing towards high-impact development projects. Its group chief executive officer, Roni Abdulwahab, said the allocation will be done through eight strategic schemes to provide essential equity and working capital support to Malaysian… Source link

RHB Islamic Bank Bhd aims to achieve RM6bil in Islamic wealth management by the end of 2026, driven by its RHB Multi Currency Visa Debit Card/i, Islamic unit trust products, and estate planning and trustee propositions. RHB Islamic managing director and chief executive officer Datuk Adissadikin Ali said,… Source link

KUALA LUMPUR, 31 OCTOBER 2022 – SME Malaysia proudly introduces its pioneering business ecosystem, known as the SME Business Facilitation Hub, a revolutionary platform that empowers Malaysian SMEs, enhances their business capabilities, and provides cutting-edge solutions to tackle the numerous challenges they face in today’s competitive and complex business… Source link

DBS Bank and SkillsFuture Singapore (SSG) have announced a new two-year partnership to help small and medium enterprises (SMEs) develop sustainability skills. The partnership will see DBS enhance its SME Skills Booster Programme to support SMEs on these skills. The courses will be offered under the DBS BusinessClass Academy and its partners. SMEs will also be able to take additional courses on… Source link

PETALING JAYA: More incentives and initiatives could have been given to local SMEs in Budget 2024 to spur their recovery and the domestic economy, according to Small and Medium Enterprises Associations. According to Samenta national secretary Yeoh Seng Hoo, the overall benefits to SMEs could have been more pronounced although there is an increase in supply-side initiatives in Budget 2024,… Source link

PETALING JAYA: Small and medium enterprises (SME) want the government to ensure that the application process for RM44bil in loans and funding guarantees is made easier and with more transparency. In his Budget 2024 announcement, Prime Minister Datuk Seri Anwar Ibrahim said RM44bil in loans and financing… Source link

By Aidan Ormond With a theme of “Madani Economy: Empowering the People”, the 2024 budget is the largest in Malaysian history at 393.8 billion ringgit. A total of 303.8 billion ringgit has been allocated to operating expenditure and 90 billion ringgit to development expenditure. CPA Australia’s key takeaways from Malaysian budget 2024 are:  government forecasts the economy will… Source link

Datuk William Ng National President Small and Medium Enterprises Association of Malaysia (Samenta) SMALL and Medium Enterprises (SMEs) are surprised and disappointed with the introduction of the capital gain tax (CGT) without any consultation with SME stakeholders. Although the CGT will be able to increase our tax revenue,… Source link

Datuk Sulaiman Mohd Tahir, group CEO, AMMB Holdings Bhd STRIKING a balance between addressing immediate economic challenges and laying the groundwork for sustainable growth, the 2024 National Budget reflects the government’s commitment to strengthening the nation’s socioeconomic development and driving… Source link

PETALING JAYA: Budget 2024, which Datuk Seri Anwar Ibrahim tabled on Friday (Oct 13), contains various measures to balance between aiding those in need and cutting back on blanket subsidies. At RM393.8bil, the country’s spending plan for next year is the biggest ever tabled. In comparison, last year’s national… Source link