Malaysia SME

BUDGET 2022: A feel-good budget for the Malaysian family

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

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Spirit AeroSystems makes first inboard flap for Airbus’ A321XLR in Malaysia

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

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SME Bank: Special initiative worth RM900m to help boost SMEs in Malaysia | Money

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

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Finding a sustainable path for SMEs

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

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Actionable agenda to enable SMEs remain viable: Ease cash flow, empower change, Business News & Top Stories

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

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Incentives and Financing Schemes for Businesses Under Malaysia’s Budget 2022

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

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Helping SMEs drive their business forward

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

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Initiatives to help micro businesses, SMEs recover lauded

PETALING JAYA: Some Budget 2022’s initiatives are seen as instrumental to the recovery of local small and medium enterprises (SMEs), namely microcredit loans at a 0% interest rate, deferment of income tax instalment payments, Reinvestment Allowance (RE), and the RM40 billion Semarak Niaga. Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) treasurer-general and SMEs… Source link

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Govt’s proactive measures boost MSME sector via business digitalisation | Malaysia

Former premier Tan Sri Muhyiddin Yassin said various forms of assistance have been channelled to MSMEs via economic stimulus packages. — Bernama pic KUALA LUMPUR, Oct 31 — The government has taken various proactive measures since last year to boost the micro, small and medium enterprise (MSME) sector and revitalise the domestic market in line with efforts to strengthen the business… Source link

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DASN is connecting Danish SME to the Malaysian Market

The Malaysian Danish Business Council is a partner in the new Danish export initiative Danish-Asian SME Network – DSAN – to help connect SME companies in Denmark to experienced professional Danes in Malaysia for them to exchange valuable insights and experiences. Danish-Asian SME Network aims to strengthen the success of Danish SMEs and businesspersons in Southeast Asian markets by… Source link

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