Small and medium enterprises have put capital expenditure on hold despite the reopening of the economy   BUSINESS activities in the country have been in full swing for several months now, after two years of pandemic-induced movement restrictions. Demand has been strong since borders reopened, but the rising cost of raw materials, global economic uncertainties and, more pressingly, labour… Source link

PETALING JAYA: Funding Societies has launched term financing BizFund to support creditworthy underserved Malaysian small and medium enterprises (SME) returning to their full economic potential as markets recover following the pandemic. The zero-collateral BizFund provides financing up to RM300,000 with repayment up to 18 months. It is offered for SME that have been in operation for at least… Source link

Over 98.5 percent of all businesses in Malaysia are SMEs. Hailed variously as unsung heroes, backbone of the economy and even as employers of last resort, the importance of SMEs to the country’s economy cannot be overstated. Yet, in 2021, SMEs only grew by 1% versus 4.4% among larger companies. This is underscored by a miniscule growth in labour productivity among SMEs of a mere 0.1% in… Source link

Malaysia-headquartered early-stage venture capital firm Vynn Capital has on Wednesday released the firm’s findings on cross-border e-commerce opportunities in Southeast Asia. Small-medium enterprises (SMEs) are now finding themselves in a position that requires greater support in the form of a more efficient supply chain, as the digitalization of economies and cross-border… Source link

PETALING JAYA: The Golden Bull Award, which acknowledges SME who have shown outstanding resilience and quick thinking to adapt and evolve in an ever-changing market environment, has recognised over 200 Malaysian SME in its 20th edition this year, with nine Malaysian SME awarded the coveted Super Golden Bull Award yesterday. The nine Super Golden Bull Award winners are Asteel Sdn Bhd, EB… Source link

According to the Accelerating Malaysian Digital SMEs: Escaping The Computerisation Trap report in 2020, only 50% of SMEs possess an Information and Communications Technology (ICT) leader mindset, 30% are categorised as ICT followers and the remaining 20% are ICT laggards. This indicates that many SMEs are still receptive to making the move towards digitalisation with the stumbling blocks being… Source link

KUALA LUMPUR (Aug 1): CIMB Bank Bhd and CIMB Islamic Bank Bhd are offering the NCIA-CIMB Entrepreneur Scheme (NCES) to eligible micro, small and medium entrepreneurs (MSMEs) in the northern region, namely the states of Perlis, Kedah, Penang, and Perak, which make up the Northern Corridor Economic Region (NCER). In a statement on Monday (Aug 1), the banking group said the scheme provides up to… Source link

ON the back of the current challenging environment, Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) has successfully recorded another sustainability sukuk issuance under its book-building exercise, registering a total order of RM536mil which exceeded the initial desired size of RM300mil. Group… Source link

MALAYSIA’S small and medium enterprises’ (SMEs) gross domestic product (GDP) in 2021 increased 1%, slower than Malaysia’s GDP which grew 3.1%, says the Statistics Department. Chief statistician Datuk Seri Mohd Uzir Mahidin said generally, the growth of SMEs’ GDP will exceed Malaysia’s GDP but since… Source link

eBay’s “Southeast Asia Small Online Business Trade Report 2022” showed that 68% of eBay-enabled small businesses in Southeast Asia exported to 10 or more international markets in 2020 – spurring the growth of global retailers eBay empowers Malaysian SMEs to be global traders, keeping their businesses in balance amid uncertainty Top five categories for Malaysian SMEs on eBay are… Source link