Malaysia SME

NVPC names about 300 organisations as Companies of Good in 2024

THE National Volunteer and Philanthropy Centre (NVPC) recognised 290 organisations as Companies of Good at this year’s conferment ceremony on Thursday (Jul 18).  The event took place at Raffles City Convention Centre with Deputy Prime Minister Heng Swee Keat as the guest of honour. Tony Soh, chief executive of NVPC, said: “Since the inception of the Company of Good programme eight years… Source link

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SC Issues Guidance for Financial Influencers – SME & Entrepreneurship Magazine

The Securities Commission Malaysia (SC) has updated the Guidance Note on the Provision of Investment Advice (Guidance Note). This is to address the growing popularity of financial influencers promoting capital market products and services on social media, as well as to create greater public awareness. The update clarifies the SC’s regulatory expectation on the… Source link

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The world’s best bank for SMEs: UOB

Some regional banks stand out globally. The world’s best bank for small and medium-sized enterprises this year, Singapore’s UOB, is one such bank. It provides its primarily southeast Asian clients with a quality of service that would be well-received by small and medium-sized enterprises in any market worldwide. To be clear, UOB is an international commercial bank with a presence… Source link

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2Q GDP estimated to grow at 5.3% — AmBank

KUALA LUMPUR (July 18): AmBank Group has projected Malaysia’s gross domestic product (GDP) estimates for the second quarter of 2024 (2Q 2024) to register a growth of 5.3% year-on-year (y-o-y) amid sustained domestic demand and better exports. In a note Thursday, the bank said its latest forecast is based on the gradual improvements in the external sector, better distributive trade sales growth,… Source link

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Malaysia requests India to ease export curbs on some farm goods

NEW DELHI (July 18): Malaysia has requested India to ease export curbs on some farm goods like rice and sugar, Malaysia’s minister for plantation and commodities said on Thursday. India, the world’s biggest exporter of rice and onions and the second biggest exporter of sugar, imposed curbs on the exports of these commodities in 2023 to keep local prices in check ahead of the general elections… Source link

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SCIB gets loan facilities from SME Bank

PETALING JAYA: Sarawak Consolidated Industries Bhd (SCIB) and its subsidiary SCIB Industrialised Building System Sdn Bhd have secured Islamic banking facilities amounting to RM70mil from Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank). SCIB said in a statement it has structured two major… Source link

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DKSH Launches Relocated and Expanded Distribution Center in East Malaysia

DKSH Malaysia, a leading market expansion services provider for companies seeking to grow their business in Asia and beyond, has launched its newly relocated distribution center in Kuching, Sarawak. With a legacy of enriching lives in Malaysia for over a century, DKSH remains at the forefront of the industry, offering unparalleled services and solutions to its… Source link

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Ficus SEA fund invests US$429,000 in Klean to boost sustainable recycling across Asean

Funds will be used to expand network of machines, enhance regional operations Klean currently operates 100 RVM units across Malaysia, Indonesia, Singapore, & Fiji Ficus Capital (Ficus), the world’s first Islamic Environment, Social, and Governance (ESG-i) venture capital firm, announced that it will invest US$429,000 (RM2 million) in Klean, a green technology sustainable recycling… Source link

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