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PETALING JAYA: The upcoming 10% sales tax on imported low-value goods could pose potential challenges for ecommerce businesses and micro, small and medium enterprises (MSMEs), say SME groups. SME Association of Sabah (SME Sabah) president Datuk Foo Ngee Kee said ecommerce companies might face higher costs as… Source link

Lendo, a Shariah-compliant debt crowdfunding marketplace based in Saudi Arabia, has raised $28 million (SAR 105 million) in a Series B funding round led by Sanabil Investments, a wholly-owned entity of the Public Investment Fund (PIF). The funding round also witnessed participation from Shorooq Partners, AB Ventures, and other strategic… Source link

KUALA LUMPUR, Malaysia, Dec. 18, 2023 /PRNewswire/ — The inaugural “ShangHai Honourable Women Entrepreneur Business Award 2023 (SHE 2023),” hosted by ShangHai Business Media took place at the prestigious EQ Hotel in Kuala Lumpur. The event witnessed the glorious moments of Malaysian women entrepreneurs. Group photo of heavyweight guests, from left 5th, Y.B Lim Yiwei, Y.M. Tunku Dato’… Source link

KUALA LUMPUR, Malaysia, Dec. 18, 2023 /PRNewswire/ — The “Shanghai Honorable Women Entrepreneur Business Awards 2023 (SHE 2023)” organized by Shanghai Business Media was inaugurated at the prestigious EQ Hotel in Kuala Lumpur. The event witnessed the proud moments of Malaysian women entrepreneurs. Group photo of heavyweight guests, 5th from left, YB Lim Yiwei, YM Tunku Dato’… Source link

KUALA LUMPUR, Malaysia, Dec. 18, 2023 /PRNewswire/ — The inaugural “ShangHai Honourable Women Entrepreneur Business Award 2023 (SHE 2023),” hosted by ShangHai Business Media took place at the prestigious EQ Hotel in Kuala Lumpur. The event witnessed the glorious moments of Malaysian women entrepreneurs. Group photo of heavyweight guests, from left… Source link

KUALA LUMPUR, Dec 18 — Malaysia’s Small and Medium Enterprises Association (Samenta) said today it welcomes the government’s 10 per cent tax on low value goods (LVG) bought from foreign marketplace platforms. Its president Datuk William Ng called the tax a competition leveller and is confident it will boost local businesses. We have been among the early proponents of this equalising tax… Source link

THE international halal market presents a significant opportunity for small and medium-sized enterprises (SMEs) in Malaysia, particularly those based in Johor. Johor Entrepreneurs Development Council vice-president II Datuk Abd Latif Bandi said that while expanding business to Singapore was a common strategy,… Source link

Attention fellow entrepreneurs! Whether you’re looking to start a new business or expand your startup, the New Industrial Master Plan 2030 (NIMP 2030) is all set to bring your business to new heights!  In case you haven’t heard, NIMP 2030 is an industrial policy for the manufacturing and manufacturing-related services sector. Launched by YAB Prime Minister and the Ministry of Investment,… Source link

SME100 Participants More Than Doubled Revenue in 2022 KUALA LUMPUR, Malaysia, Dec. 14, 2023 /PRNewswire/ — Malaysian SMEs have experienced a significant rebound following the reopening of the economy post-COVID-19 pandemic. In 2022, the SME sector recorded an 11.6 percent growth in GDP against 8.7 percent for the overall economy. … Source link

Wealthtech platform Prosper has successfully concluded their first crowdfunding campaign, raising more than £1 million and reaching a total of £3.2 million from a range of investors, including Monzo co-founder Tom Blomfield, Capital One co-founder Matt Cooper, and other fintech angels. The company was founded by fintech entrepreneurs Ricky Knox, Nick Perrett, and Phil Bungey, who have… Source link