IN Malaysia, there are 1.15 million small and medium-sized enterprises (SMEs) – making up 97.2% of the total number of business establishments. On a whole, SMEs contributed 38.2% or RM512.8bil to the national gross domestic product (GDP) in 2020, which renders them the backbone of the Malaysian economy. It… Source link

KUALA LUMPUR (Nov 25): Malaysia’s top ranking in the Islamic Finance Development Indicator (IFDI) 2021 is a recognition of the solidity of the industry in the country, despite the challenges of the pandemic. Malaysia has maintained its No.1 position in the IFDI for the second straight year and also leads in the Knowledge, Development, Quantitative Development, Governance and Awareness… Source link

Fintech launches Green Loans SINGAPORE, Nov. 24, 2021 /PRNewswire/ — Funding Societies, Southeast Asia’s largest SME digital financing platform, today released its regional Impact study. To mark half a decade of the FinTech’s lending, its 2020 survey measures the social and economic impact of its funding to Funding Societies-linked MSMEs (micro, small and medium-sized enterprises) in 2018 and… Source link

Claims to be first of its kind B2B e-commerce export forum Cross border e-commerce, trade export, market access, funding discussed Exabytes is organising MY SME Export Forum on Dec 1 and Dec 2, which the company claimed is the first Malaysian small and medium enterprise (SME) B2B e-commerce export forum, and will be conducted virtually, free of charge. In a statement, the e-commerce… Source link

KUALA LUMPUR (Nov 22): The introduction of the Keluarga Malaysia (Malaysian Family) Pass by Prasarana Malaysia Bhd is hoped to encourage the public to use public transport for leisure or to visit the various tourist attractions in the Klang Valley. Prime Minister Datuk Seri Ismail Sabri Yaakob said at a price of only RM15, the travel pass enables four people in a group to enjoy… Source link

The approval status checks will start on Monday, 22 November 2021. Prime Minister Datuk Seri Ismail Sabri Yaakob has announced that the second payment of Special Caring Grant (Geran Khas Prihatin, or GKP) 4.0, amounting to RM500 for SMEs in Malaysia will be made from Tuesday, 23 November 2021.  “This initiative will involve existing recipients of GKP 1.0, GKP 2.0, GKP 3.0, and new… Source link

Southeast Asia-based online financing platform Funding Societies announced earlier this week that it teamed up with MUFG Bank Malaysia, which operates as a subsidiary of Mitsubishi UFJ Financial Group, in order to introduce a Referral Scheme Program exclusively for the banking institution’s corporate customers in the nation. The partnership is focused on supporting the ongoing economic… Source link

Medac and SME Corp jointly enhance the capacity and capability of SMEs to tap into halal opportunities KUALA LUMPUR: It is estimated that by 2030, the global halal market will reach US$5.0tril (RM20.92tril), while the domestic market is expected to reach US$113.2bil (RM473.57bil). Moreover, Malaysia’s halal… Source link

Prime Minister Datuk Seri Ismail Sabri Yaakob speaks at the Malaysian Armed Forces Family Home Launching Ceremony (RKMAT) at Taman LTAT, Bukit Jalil, November 3, 2021. — Bernama pic BERA, Nov 21 — Micro, Small and Medium Enterprises (MSME) entrepreneurs should seize the opportunities created through the government’s initiatives to transition from conventional to online business,… Source link

Workers are seen hard at work hanging up the national flag outside a building ahead of the National Day celebrations in Kuala Lumpur August 18, 2016. ― Picture by Yusof Mat Isa LANGKAWI, Nov 21 — The Buy Malaysian Goods Campaign (KBBM) needs to be intensified on the online platform in line with the increase in purchases through the method by consumers following the Covid-19 pandemic… Source link