SME INFO smeinfo.my

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

The most common reasons why SME bank loan applications get rejected are insufficient cash flow, an unviable business, and high levels of debt. Malaysia’s Credit Counselling and Debt Management Agency (AKPK) is working on a temporary relief programme to help SMEs with cash flow problems.  The… Source link

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

KUALA LUMPUR: SME Association of Malaysia (SME Malaysia) is urging the government to focus on measures to ease the cash flow of pandemic-hit small and medium enterprises (SMEs) when tabling the upcoming Budget 2022. SME Malaysia president Datuk Michael Kang Hua Keong said businesses are not looking for profit but… Source link

(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

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

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