Malaysia SME

Stamp Duty Exemption for High Tech Facility – National Investment Aspirations Gazetted

The Stamp Duty (Exemption) (No. 14) Order 2021 [P.U.(A) 387/2021] (‘E.O. No. 14/21’) was gazetted on 8 October 2021 and is deemed to have come into operation on 15 December 2020. E.O. No. 14/21 exempts from stamp duty, instruments of loan or financing agreements for the High Tech Facility – National Investment Aspirations (‘HTF-NIA’) approved under Bank Negara Malaysia… Source link

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Malaysian SMEs seek access to Qatari market; talks underway, says trade official

Plans are in the pipeline to forge partnerships between small and medium-sized enterprises (SMEs) from Qatar and Malaysia to bolster further growth of Malaysian halal brands in the Qatari market, said Mohd Mustafa Abdul Aziz, CEO of the Malaysia External Trade Development Corporation (Matrade).Similarly, Abdul Aziz said plans are afoot for knowledge exchange and sharing of best practices… Source link

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Malaysia’s Maybank wants easier SME banking with new digital services

(Photo by Mohd RASFAN / AFP) For small and medium-sized enterprises (SMEs), having clear visibility on their finances allows them to plan their business properly. Despite the numerous solutions available today for planning a business strategy, SME banking options are still often limited. Most SMEs would rely on third-party solutions to do most of their non-banking tasks, like creating,… Source link

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SME groups say 12MP’s growth, export goals lofty but achievable with right support | Malaysia

Traders in Petaling Street open for business despite a lack of customers amid the Covid-19 pandemic September 20, 2021. — Picture by Ahmad Zamzahuri KUALA LUMPUR, Sept 29 — Targets set for micro, small and medium enterprises (MSMEs) in the 12th Malaysia Plan (12MP) were ambitious but possible, said industry groups. Commenting on the five-year development blueprint Prime Minister… Source link

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Corruption Cripples Healthy SMEs – Analysis – Eurasia Review

Recently Malaysia’s Ministry of Rural Development developed a center overlooking a scenic dam in Perlis that was intended for the very poor to operate food stalls to lure tourists. But local authorities to whom the physical buildings were entrusted in turn handed them over to UMNO members who then sublet the stalls to those the project was intended to benefit in the first place, at… Source link

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