Malaysia SME

KUALA LUMPUR (July 11): Development of the Johor-Singapore Special Economic Zone’s (JS-SEZ) infrastructure will be co-financed by the government and the private sector, Economy Minister Rafizi Ramli said. The JS-SEZ was established by the governments of Malaysia and Singapore to strengthen business ties and enhance connectivity between the two countries. Rafizi said the Malaysian government… Source link

KUALA LUMPUR (July 12): The ongoing trade tension between the US and China may position Malaysia as a key source for importing raw materials, parts and components, and new finished products for companies looking to reduce their reliance on either of the two superpowers. According to the Ministry of Investment, Trade and Industry (Miti), the uncertainty in US-China trade relations will encourage… Source link

SINGAPORE: A rebound in the fortunes of small and medium enterprises (SMEs) helped the economy to grow by the fastest pace in one and a half years, notes a quarterly survey. OCBC Bank polled about 800 business owners and used the data to predict the pace of economic growth for the second quarter to be around 3%… Source link

Photo by Patrick Langwallner Sixty-six per cent of Malaysian small businesses grew in 2023 with 2024 expected to be an even better year, a new survey by CPA Australia shows. The annual Asia-Pacific Small Business Survey found seventy-eight per cent expect to grow in 2024, the country’s best result since 2012 and higher than the survey average of 70 per cent. The… Source link

KUALA LUMPUR (July 11): The Malaysia Higher Education Plan 2026-2035 is being drafted and is expected to be completed by the end of the year to replace the current blueprint that will end next year, Higher Education Minister Datuk Seri Dr Zambry Abdul Kadir said. He added that the new plan would outline the direction of the national higher education in line with the development of current… Source link

SINGAPORE (July 11): There is overwhelming interest in the proposed Johor-Singapore Special Economic Zone (JS-SEZ) among Singapore businesses, according to a Singapore Business Federation (SBF) working group report released on Thursday. Key findings of the JS-SEZ Singapore Business Working Group (SBWG) Greater Together: Two Economies, One EcoSystem report revealed that 93% of respondents view… Source link

The Companies Commission of Malaysia (CCM) implemented new guidelines for beneficial ownership (BO) reporting on April 1, 2024. All entities must submit to the CCM information on their beneficial owner through the Electronic Beneficial Ownership System (“e-BOS”), a new electronic filing platform. The guidelines also introduce a new definition of… Source link

KUALA LUMPUR (July 11): The Ling family behind shipping company Shin Yang Group Bhd (KL:SYGROUP) is injecting part of their Toyota and Lexus car dealership business in East Malaysia into Shin Yang for RM144.5 million, in a cash and share deal. In a bourse filing, Shin Yang said it had signed two separate conditional share sale agreements to buy Boulevard Jaya Sdn Bhd — an authorised dealer… Source link

PETALING JAYA, Malaysia, July 11, 2024 /PRNewswire/ — In its ongoing commitment to support the Macao Government Tourism Office’s (MGTO) tourism initiatives, SJM Resorts, S.A. (SJM) actively participated in the “Macao Tourism + MICE Product Updates Seminar & Travel Mart” on 4 July, where SJM engaged extensively with local industry leaders to lay the groundwork… Source link

KUALA LUMPUR, Malaysia, July 11, 2024 /PRNewswire/ — The Malaysian banking industry is at the forefront of a revolutionary transformation as it embraces the power of generative artificial intelligence (GenAI) in redefining banking operations, risk management, customer experiences and capacity building. According to Accenture’s Banking in AI 2024 report[1], banks are likely to benefit more… Source link