Wan Razly (left) and Lim pose with ‘Product Innovation Of The Year’ award plaque. KUALA LUMPUR: Affin Bank Berhad (Affin Bank) has been recognised as the first Malaysian bank at the Global SME Finance Awards 2021 with an Honorable Mention under the ‘Product Innovation of the Year’ category for the development of its innovative digital flagship mobile app, the SME Colony. Organised by… Source link

Strong Resurgence for Malaysian Businesses KUALA LUMPUR, Malaysia, Nov. 10, 2021 /PRNewswire/ — As Malaysia took a beating economically with our GDP contracting by 5.6 percent in 2020, SMEs were particularly hard hit by the pandemic. However, as the economy reopens, Malaysia’s GDP is expected to grow between 3 to 4 percent in 2021. Opening ceremony of the 2021 Golden Bull Award Malaysia. (From… Source link

Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said the year 2022 is a critical year for Malaysian economic recovery as the government expects most sectors and industries as well as employment to gradually recover. — Picture by Firdaus Latif KUALA LUMPUR, Nov 10 — The Malaysian economy is expected to grow between 3 per cent and 4 per cent this year, said Finance Minister Datuk… Source link

THE RM332.1 billion Budget 2022 — the largest to date — which was tabled by Finance Minister Tengku Datuk Seri Zafrul Aziz last Friday is seen as a feel-good budget, one that has goodies for almost everyone in the Malaysian family, in line with the government’s theme of “Keluarga Malaysia, Makmur Sejahtera”. However, the elements presented in the budget are also reflective of an… Source link

KUALA LUMPUR (Nov 9): Spirit AeroSystems has produced the first inboard wing flap for the new A321XLR (Xtra Long Range) narrow-body commercial jet developed by Airbus in Malaysia.  In a statement on Tuesday, Airbus said Spirit AeroSystems in Malaysia is the sole supplier producing inboard flaps for the A321XLR, which is a new long-range version of the best-selling single-aisle… Source link

The SME Bank building is seen in Jalan Sultan Ismail, Kuala Lumpur November 4, 2020. ― Picture by Ahmad Zamzahuri KUALA LUMPUR, Nov 9 — The long-standing need to strengthen capital structures and to decrease dependency on borrowings have become more urgent as many small and medium enterprises (SMEs) are obliged to increase leverage in order to survive and forge a revival… Source link

KUALA LUMPUR: The recent Star Outstanding Business Awards (SOBA) 2021 #SOS: Save Our SMEs webinar saw the small and medium enterprise (SME) community and its ecosystem facilitators step forward to break down Budget 2022 for smaller businesses. Titled “How Budget 2022 Can Drive Your Business Forward”, the… Source link

As cities reopen borders and adjust to life with Covid-19, experts believe a return to economic vibrancy will depend on how well small and medium-sized enterprises (SMEs) are able to not only survive, but thrive. These smaller businesses — overrepresented in sectors hardest hit by the pandemic, such as retail, hospitality, F&B and entertainment — were more vulnerable due to their smaller… Source link

Malaysia’s government announced its largest state budget in history on October 29, 2021, totaling 333.2 billion ringgit (US$80.2 billion) as the government aims to spur post-pandemic growth in 2022.   The budget provides several incentives, grants, and financing schemes for businesses. Several are also an extension of the benefits issued under the 2021 state budget. These include more than… Source link

Main speakers: (From left) Yip, Hoh, Lee and Pang. KUALA LUMPUR: For small and medium enterprises (SMEs) in particular, the upcoming Star Outstanding Business Awards (SOBA) 2021 #SOS: Save Our SMEs webinar is set to reveal how companies can best leverage on Budget 2022 to help grow their business. Titled ‘How… Source link