KUALA LUMPUR: The Ministry of Entrepreneur Development and Cooperatives (KUSKOP) assures that appropriate action was being taken against weaknesses pointed out as well as recommendations in the Auditor-General’s Report (LKAN) 2021 regarding the Small and Medium Enterprise (SME) programme development grant. Its minister Datuk Ewon Benedick (pix) said the SME Corporation Malaysia (SME Corp)… Source link

Lazada Group and Seoul Business Agency (SBA) have signed a Memorandum of Understanding (MoU) between the two companies to open up new horizons for South Korean small and medium-sized (SMEs) in Seoul seeking to expand their reach into the Southeast Asian market. The collaboration will first roll out in Singapore, where SBA and Lazada will work together to onboard and incubate selected new… Source link

JOHOR BARU: Local micro, small and medium enterprises (MSME) recorded double digit growth in gross domestic product (GDP) of 11.6% in 2022, says SME Corp Malaysia CEO Rizal Nainy (pic). He added that based on data from the Statistics Department Malaysia, this was very encouraging growth. “This is a… Source link

SMEs spend mostly on inventory and supplies. Seven in 10 SMEs in Singapore rely on startup capital from savings, family, and friends, according to a report by Funding Societies, a unified SME digital finance platform. The report also found that SMEs’ biggest expense is on inventory and supplies (35%). To pay for these expenses, SMEs either opt for bank transfers (89%),  use credit/debit… Source link

Indonesian government banned TikTok Shop for several reasons. (Solen Feyissa/Pexels) TikTok Shop is a milking cow for many e-commerce sellers around the world. As sales grew, so did the complaints. Does it really damage local businesses? Remove TikTok Shop or Get Banned On October 4, TikTok Indonesia ended its transactions on its e-commerce marketplace, TikTok Shop. The platform needs to adhere… Source link

KUALA LUMPUR (Oct 9): The ringgit continued to be primarily influenced by external developments in the first half of 2023, while banks continued to maintain strong liquidity buffers. Bank Negara Malaysia (BNM) in its Financial Stability Review for the First Half 2023 released on Monday said domestic business activity has improved considerably but recovery remains uneven, as certain sectors… Source link

KUALA LUMPUR (Oct 9): Initiatives under Budget 2024 should focus on strengthening the competitiveness of the manufacturing industry, especially for small and medium enterprises (SMEs), in terms of mitigating the impact of the global economic slowdown, inflationary cost pressures, and enhancing productivity by increasing digitalisation and supporting the green growth and sustainability… Source link

October 9, 2023 PETALING JAYA – Ecommerce sellers want the government to help them sell their products at major retail outlets before it considers a ban on TikTok Shop. They say this is because such online trading platforms have helped many individuals and micro, small and medium enterprises sell their products to more consumers. SME Association of… Source link

PETALING JAYA: Ecommerce sellers want the government to help them sell their products at major retail outlets before it considers a ban on TikTok Shop. They say this is because such online trading platforms have helped many individuals and micro, small and medium enterprises sell their products to more… Source link

KUALA LUMPUR, Oct 8 — Small and medium enterprises (SMEs) are hoping that the government can guide them to better understand environmental, social and corporate governance (ESG) practices in the business sector. SME Association of Malaysia national president Ding Hong Sing said they are also hoping that the government would allocate a one-to-one ESG matching grant of RM2 billion under Budget… Source link