Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz wraps up debate on the flood disaster during the Special Session in Parliament, January 20, 2022. — Bernama pic KUALA LUMPUR, Jan 20 — The Finance Ministry is considering providing grants to small and medium enterprises (SMEs) and micro-entrepreneurs affected by the 2021/2022 north-east monsoon floods. Finance Minister Datuk Seri… Source link

KUALA LUMPUR (Jan 20): HSBC Bank Malaysia Bhd has launched Malaysia’s first multi-currency digital wallet that enables small and medium enterprises (SMEs) to make and receive international payments simply and securely from a single global account. In a statement on Thursday (Jan 20), HSBC Malaysia said the multi-currency digital wallet Global Wallet is fully integrated within its existing… Source link

KUALA LUMPUR: HSBC Malaysia has launched the country’s first multi-currency digital wallet that enables small-and-medium enterprises (SME) to make international transactions from one single global account. In a statement, the bank said the HSBC Global Wallet is fully integrated within its existing business… Source link

Another startup focused on SMEs in Southeast Asia has announced a funding round. Dropee, a Malaysia-based B2B wholesale platform that also offers financial services, like working capital loans, to SMEs, said today it has closed a Series A round totaling $7 million. The Y Combinator alum raised $3 million in equity and $4 million in debt, led by returning investor Vynn Capital. Other… Source link

SHAH ALAM, Malaysia, Jan. 20, 2022 /PRNewswire/ — Despite the importance of digitalising, many businesses and SMEs are still struggling to embrace the digital world due to lack of knowledge, skills and experience in pivoting away from traditional business models. The Chief Minister of Selangor, Datuk Seri Amirudin Shari has recently witnessed the exchange of memorandum of association… Source link

KUALA LUMPUR: The MyDIGITAL initiative, which comes under the National Digital Economy Blueprint, is set to further grow Malaysia’s digital economy into a strategic economic engine of growth, said SAP Malaysia managing director Hong Kok Cheong in a statement. Hong commended the Malaysian government for this… Source link

The digitization of South-East Asia’s economy during the pandemic is being experienced unevenly. The growth in digital services has favoured individual consumers, not SMEs. More fintech innovation for SMEs and public-private support is needed. Major economies in South-East Asia have been hit hard by the pandemic and are still navigating the path to… Source link

MARKET talk has it that Bank Pembangunan Malaysia Bhd (BPMB) could have a new CEO within the next few months as the incumbent Arshad Mohamed Ismail is looking to leave. The speculation that is making the rounds is that Arshad, who was appointed to helm BPMB in April 2019, could be coming to the end of a three-year term and may be looking to leave the Minister of Finance Inc-owned development… Source link

MOUs must have ‘kiss of life’ to become enforceable Memoranda of understanding (MOUs) must be given the “kiss of life” in Parliament before they can hold up in court, an expert on the Federal Constitution, Professor Shad Saleem Faruqi, said. “Any international treaty, MOU, memorandum of agreement (MOA), or even trade agreement cannot automatically have a place in our corpus juris, which is… Source link

Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said the government would continue the PSU initiative based on total sales or revenue in October 2021 until December 2021 compared to any month in 2019 until 2021 before the outbreak of Covid-19. — Bernama pic KUALA LUMPUR, Jan 13 — The government has channelled RM20.107 billion to 357,402 employers through the Wage Subsidy… Source link