Malaysia SME

A Tenaga Nasional Berhad (TNB) personnel reading the electricity meter at a residential area in Shah Alam November 3, 2020. ― Picture by Yusof Mat Isa KUALA LUMPUR, Jan 30 — The Small and Medium Enterprises Association of Malaysia (Samenta) today questioned the government why Tenaga Nasional Berhad (TNB) is increasing the price of electricity this year when it reported profits last… Source link

Why were small and medium enterprise owners deprived of the disbursement of stimulus packages? Professor Dr Momtaz Uddin Ahmed, the former chairman of the Department of Economics at the University of Dhaka explains the whys 28 January, 2022, 11:40 am Last modified: 28 January, 2022, 12:06 pm … Source link

On 21 January 2022, Bank Negara Malaysia, the Central Bank of Malaysia (‘BNM’) introduced two new facilities under BNM’s Fund for Small Medium Enterprises (‘SMEs’), namely the Business Recapitalisation Facility (‘BRF’) and the Low Carbon Transition Facility (‘LCTF’) with a facility amount of RM1.0 billion each. This alert highlights the main features of the… Source link

Maybank Tower, the headquarters of Maybank, is seen in Kuala Lumpur October 29, 2021. — Picture by Ahmad Zamzahuri SINGAPORE, Jan 27 — Maybank Malaysia customers will soon be able to open a Singapore dollar savings account with Maybank Singapore online, and it will allow for real-time funds transfers across the border. In a statement today, the bank said this is one of the three… Source link

Small and medium-size enterprises (SMEs) contribute significantly to economies around the world (see sidebar, “What are SMEs?”). In OECD countries, SMEs account for about 99 percent of firms and 70 percent of all jobs, and they contribute more than 50 percent of GDP in high-income countries worldwide. But… Source link

LONDON, January 25, 2022–(BUSINESS WIRE)–Al Rajhi Bank Malaysia (ARBM), a wholly-owned subsidiary of the world’s largest Islamic bank by assets, Al Rajhi Bank of the Kingdom of Saudi Arabia (KSA), has selected Thought Machine, the cloud native core banking technology firm, to power their upcoming next-generation digital bank and strengthen their position as a leader in Islamic banking. Al… Source link

The legacy of the Covid endemic  Medical experts around the world are beginning to say that the Covid-19 crisis is heading into an endemic stage with the emergence of the Omicron variant. The world is experiencing drags within supply chains, a lethargic recovery in international tourism, and continued pressures on the cost of living from high oil prices. Countries will need to transition… Source link

Multi-currency digital wallet made for SMEs — the first in Malaysia. (Photo by ISAAC LAWRENCE / AFP) SMEs can send and receive money in 10 currencies, and hold and manage those currencies by establishing a single banking relationship with HSBC Malaysia.  With Global Wallet, the bank anticipates growth of 25% in the first year in its SME customer base. Small and Medium Enterprises in… Source link

PETALING JAYA: HSBC Malaysia has launched the country’s first multi-currency digital wallet – HSBC Global Wallet – which allows small and medium enterprises (SME) to make and receive international payments simply and securely from one single global account. The wallet is fully integrated with its existing business banking platform, HSBCnet, utilising the bank’s global payments… Source link

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