Malaysia SME

Small and medium enterprises (SMEs) are innovative, agile and drive competition. However, they’re often shuffled to the back of the line when it comes to accessing credit. Lending to SMEs can be risky and time-consuming. Traditional financial institutions often require paperwork-heavy application processes and may find it difficult to execute credit risk… Source link

Backbase recognized for excellence in Celent international digital banking awards SINGAPORE – Media OutReach – 1 February 2023 – Backbase, the Engagement Banking platform leader, was recently named a winner of several xCelent Awards in Celent’s digital banking-themed reports, covering retail and small business banking internationally. These awards continue… Source link

Medium, small, and micro enterprises (MSMEs) make up 99% of total business in Malaysia. MSMEs also employ north of 7 million people, or, a staggering 65% of the population. To quote SME Corporation Malaysia’s definition, “it refers to firms with sales turnover not exceeding RM20 million or number of full-time employees not exceeding 75”. Another large sector of the Malaysian economy is… Source link

KUALA LUMPUR, Jan 26 — Deputy Finance Minister I Datuk Seri Ahmad Maslan said that the government will hold dialogue sessions with representatives from micro-enterprises and small and medium enterprises (SMEs) as part of its preparations for Budget 2023. “The topic that will be discussed in today’s session is youth development, and other topics that will be discussed later are food… Source link

What is your projection on the Malaysian economy this year (2023)? In my analysis, Malaysia would face great challenges ahead given the slowdown due to elevated inflation, higher interest rates, reduced investments, supply disruptions caused by Russia’s invasion of Ukraine, and the recent World Bank’s downward global economic growth forecast from 3% to 1.7%. However given the… Source link

PETALING JAYA: Local financial technology group Revenue Monster Sdn Bhd, a wholly owned subsidiary of Super App Sdn Bhd, aims to increase the number of its merchants to 15,000 from about 11,000 this year and the portion of SME merchants to 60% compared with 40% within three years, said its group CEO Lim Kar Aik (pic). “Our growth rate last year was around 3,000. Hence this year, to grow… Source link

PETALING JAYA: The move to allow for the legalisation of illegal foreign workers in Malaysia and easing the rules of hiring will help ease the labour shortage but hitches remain in getting maids, say stakeholders. “We are still waiting for a memorandum of understanding with source countries. So far, there… Source link

PETALING JAYA: The government can address the twin objectives of improving the efficiency and efficacy of its procurement and at the same time support the small and medium enterprises (SME) via a transparent handicapped system, said Small and Medium Enterprises Association (Samenta) national secretary Yeoh Seng Hooi (pix). Commenting on the Economic Affairs Minister Rafizi Ramli’s call for… Source link

PETALING JAYA: More special allocations and incentives are needed under the 2023 Revised Budget to help small and medium enterprises (SMEs) spur the local economy, say groups. SME Association national president Ding Hong Sing welcomed Prime Minister Datuk Seri Anwar Ibrahim’s initiative to put SMEs as one of… Source link

RECENTLY, Anwar was quoted as saying that the unity government’s revised Budget 2023 will be focusing on small and medium enterprises (SMEs) as well as the green and digital economy.  Now that you have announced your government will prioritise the growth and sustainability of SMEs in the country, you will, very soon, be hearing or learning of under-the-radar… Source link