Malaysia SME

SME association supports early ratification of CPTPP

Tuesday, 26 Jul 2022 7:00 PM MYT KUALA LUMPUR, July 26 — The Small and Medium Enterprises Association of Malaysia (Samenta) has sought the government to ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) as soon as possible following the release of the cost-benefits analysis by PricewaterhouseCoopers (PWC). According to a PWC study, Malaysia’s gross… Source link

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Businesses face multiple challenges in Sabah, says Masidi

Masidi (centre), Foo (fifth right), Callee (fourth right), Kai Teck (third left), Poon (fifth left) and others in a group photo at the Sabah roadshow of the PBA2022. KOTA KINABALU (July 25): The multiple challenges businesses face in Sabah have brought out the best in them, said Local Government and Housing Minister Datuk Seri Panglima Masidi Manjun. He said Sabah is slightly… Source link

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Empowering SMEs with solutions for business continuity

KUALA LUMPUR: As post-pandemic Malaysia opens up with more industries resuming their operations, the economy has been hit with new challenges. With rising costs from the US Federal Reserve interest rate hikes to a running inflation, scarcity of resources due to the Ukraine-Russia crisis and a shortage of… Source link

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TIP Report: Industry players cry foul

PETALING JAYA: Industry groups have questioned the report putting Malaysia on Tier 3 in the US State Department’s Trafficking in Persons (TIP) Report for two consecutive years despite much improvement on the ground. They also questioned the credibility of the parties behind the report, the basis, methods of… Source link

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Sales down 30% because of shutdowns, manpower shortage

PETALING JAYA: Lockdowns and manpower shortages have shrunk local small and medium enterprises’ (SMEs) sales by 30%, The Malaysian Insight reports. The group said current sales figures are even lower than pre-pandemic levels. SME Association of Malaysia president Ding Hong Sing reportedly said the movement control orders (MCOs) from March 2020 to last year were the main factors for the… Source link

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SME Corp ensures brand excellence with NMMB

SME Corp Malaysia is committed to ensuring the excellence of Malaysian brands with the National Mark of Malaysian Brand (NMMB) certification programme. Chief executive officer Rizal Nainy said in a statement that as Malaysia’s reopening is set to enter full steam by the third quarter, economic recovery… Source link

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Favourable employment & economic outlook for Malaysia’s SMEs in the coming quarters

A recent study on SMEs in the country saw a 6% increase in recruitment in Q2 2022, versus a 5% increase in Q1 2022 over the previous quarters, signaling optimism towards further growth in the next few months. Malaysian small and medium-sized enterprise (SME) owners are optimistic about their future economic and business growth prospects, and have been hiring aggressively. In fact,… Source link

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SMEs forced to decline orders

SMALL and medium enterprises (SMEs) are facing lower profit margins as they have to decline large orders due to the ongoing labour crunch. SME Association of Malaysia (SME Malaysia) president Ding Hong Sing explained that besides higher production costs arising from pricier raw materials as well as supply chain… Source link

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How Malaysia is helping SMEs thrive post-Covid with digital transformation

Small and medium enterprises (SMEs) in Malaysia had a bleak outlook during the pandemic. Many saw “no hope for recovery”, according to the country’s Small and Medium Enterprise Association. Lockdowns and disrupted supply chains hit the world’s economy hard, but SMEs suffered more than most with their limited cash flow and reliance on brick-and-mortar operations. But as the… Source link

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Precession Capital resolute in mission to accelerate and scale-up M’sian SME businesses

Nash Idrus   KUCHING: Precession Capital Bhd (PCB), an emerging entrepreneur training and investment management firm with expertise in financial strategies is resolute in its mission to accelerate and scale-up Malaysian small and medium enterprise (SME) businesses. Since its inception in 2016, PCB has been exceptionally focused on delivering outstanding and long-term results… Source link

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