Malaysia SME

Air Tanzania’s Boeing 787-8 Dreamliner grounded in Malaysia for seven months

Dar es Salaam. It has been revealed that an Air Tanzania plane, a Boeing 787-8 Dreamliner, has been grounded in Kuala Lumpur, Malaysia, for close to eight months, with little known about the aircraft’s maintenance status, although the national carrier, Air Tanzania Company Limited (ATCL), says the jet is set to fly again next month. AIR TANZANIA GROUNDED IN MALAYSIA Air Tanzania’s Boeing… Source link

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Canadian business groups urge government to scrap capital gains tax hike

TORONTO (May 9): Some of Canada’s biggest business lobby groups on Thursday asked Prime Minister Justin Trudeau’s Liberal government to scrap a planned tax hike on capital gains, a move they said would stifle growth and investment climate in the country. The federal government disclosed last month its plan to increase the share of capital gains subject to taxation to 66.7%, up from the… Source link

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Your organisation needs a better business building strategy

This article first appeared in Forum, The Edge Malaysia Weekly on May 6, 2024 – May 12, 2024 Despite global economic turbulence, Asia-Pacific (Apac) is projected to account for 60% of global gross domestic product (GDP) growth in 2024. This optimism isn’t unfounded — it’s rooted in the tangible growth that countries within the region are making, with Malaysia being a prime example. Since… Source link

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Labour Council needed, says Sabah Economic Advisory Council | Daily Express Malaysia

Labour Council needed, says Sabah Economic Advisory Council Published on: Friday, May 10, 2024 By: Nikko Fabian Foo (left) said the TSLAC had been under discussion since early 2023, with the recent endorsement from CM Hajiji (right) signalling a crucial step towards addressing labour-related challenges. Kota Kinabalu: Sabah Economic Advisory Council (SEAC) member Professor Datuk… Source link

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UOB Malaysia’s FY2023 net profit up 44.4% to RM1.9b

KUALA LUMPUR (May 10): United Overseas Bank (Malaysia) Bhd (UOB Malaysia) posted a net profit of RM1.9 billion in financial year 2023 (FY2023), up 44.4% from RM1.3 billion in the previous year, driven by higher operating income. In a statement, the bank said the operating income grew by 19.3% to RM4.6 billion (2022: RM3.9 billion) and crossed the RM4.0 billion mark for the first time, backed… Source link

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39,231 jobs were created in Malaysia as a result of digital investments between 2021-2023

According to MITI’S Q1 2024 update, RM144.7bn worth of digital investments were approved in the period, covering investments in data centres. The Ministry of Investment, Trade and Industry (MITI) of Malaysia has just released its Q1 2024 report card.  According to an Instagram post by Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz, the report is broken down… Source link

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Updates on the progress of Malaysia’s upcoming Multi-level Levy Mechanism for Foreign Workers

The 2024 Budget has targeted that the system be implemented before the end of 2024. Malaysia’s National Economic Action Council (MTEN) has examined two presentation papers — namely Empowerment of small and medium enterprises (SMEs) in Malaysia and Implementation of the Multi-level Levy Mechanism (MTLM) for Foreign Workers. In an effort to increase the scale and competitiveness of SMEs, the… Source link

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Monetary and non-financial benefits are equally important to retain Hong Kong’s SME employees

閱讀中文版本 SME employees desire a 5.6% salary increase in 2024; meanwhile, job stability, employee benefits, and supportive colleagues, are also crucial drivers of retention. Offering a pay rise is one way to retain talent for many companies. However, a latest survey revealed that SME employees in Hong Kong weigh both monetary and non-monetary incentives. According to Prudential’s… Source link

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Study reveals higher anxiety among SME workers than the jobless during Covid-19 – MSN

PETALING JAYA: People with full-time jobs at small and medium enterprises (SMEs) were considerably more susceptible to mental stress than those who were unemployed during the Covid-19 pandemic, a new study shows. On average, they were up to 29 times more likely to suffer from anxiety than those who did not have a job, Nithya Sukilan, lead author of the “Impact of Covid-19 on the Mental… Source link

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Loan growth of 7% for CIMB

PETALING JAYA: One of the factors that investors look out for when it comes to banking stocks is the net interest margins (NIMs). For CIMB Group Holdings Bhd, its management has guided that NIMs are improving quarter-on-quarter (q-o-q), led by Malaysia and Indonesia on the back of lower deposit cost and loan… Source link

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