SME INFO smeinfo.my

JOHOR BARU: Micro, small and medium enterprises (MSME) have recorded a double-digit growth in Gross Domestic Product (GDP) of 11.6% last year, says SME Corp Malaysia chief executive officer Rizal Nainy (pic). Citing data from the Department of Statistics Malaysia, he said this was an encouraging growth recorded… Source link

Around 70 per cent of SMEs (small and medium enterprises) in Southeast Asia started their business with seed money raised from their personal savings and from family and friends’ financial support – particularly in Indonesia, Malaysia and Singapore; according to a new report published by In Southeast Asia, Southeast Asia’s largest unified SME digital finance platform. Funding from… Source link

KUALA LUMPUR: The Entrepreneur Development and Cooperatives Ministry says that appropriate action is being taken over weaknesses pointed out as in the Auditor-General’s Report 2021, well as its recommendations regarding the Small and Medium Enterprise (SME) programme development grant. Its minister Datuk Ewon… Source link

KUALA LUMPUR: Grants for Small and Medium Enterprise (SME) development programmes should be monitored in terms of expenditure performance by the three ministries involved to ensure compliance with financial regulations, says the Auditor-General’s Report 2021. It said the monitoring should be carried out by the Ministry of Entrepreneur Development and Cooperatives, the Ministry of Economy… Source link

KUALA LUMPUR: The Ministry of Entrepreneur Development and Cooperatives (KUSKOP) assures that appropriate action was being taken against weaknesses pointed out as well as recommendations in the Auditor-General’s Report (LKAN) 2021 regarding the Small and Medium Enterprise (SME) programme development grant. Its minister Datuk Ewon Benedick (pix) said the SME Corporation Malaysia (SME Corp)… Source link

Lazada Group and Seoul Business Agency (SBA) have signed a Memorandum of Understanding (MoU) between the two companies to open up new horizons for South Korean small and medium-sized (SMEs) in Seoul seeking to expand their reach into the Southeast Asian market. The collaboration will first roll out in Singapore, where SBA and Lazada will work together to onboard and incubate selected new… Source link

JOHOR BARU: Local micro, small and medium enterprises (MSME) recorded double digit growth in gross domestic product (GDP) of 11.6% in 2022, says SME Corp Malaysia CEO Rizal Nainy (pic). He added that based on data from the Statistics Department Malaysia, this was very encouraging growth. “This is a… Source link

SMEs spend mostly on inventory and supplies. Seven in 10 SMEs in Singapore rely on startup capital from savings, family, and friends, according to a report by Funding Societies, a unified SME digital finance platform. The report also found that SMEs’ biggest expense is on inventory and supplies (35%). To pay for these expenses, SMEs either opt for bank transfers (89%),  use credit/debit… Source link

Indonesian government banned TikTok Shop for several reasons. (Solen Feyissa/Pexels) TikTok Shop is a milking cow for many e-commerce sellers around the world. As sales grew, so did the complaints. Does it really damage local businesses? Remove TikTok Shop or Get Banned On October 4, TikTok Indonesia ended its transactions on its e-commerce marketplace, TikTok Shop. The platform needs to adhere… Source link

KUALA LUMPUR (Oct 9): The ringgit continued to be primarily influenced by external developments in the first half of 2023, while banks continued to maintain strong liquidity buffers. Bank Negara Malaysia (BNM) in its Financial Stability Review for the First Half 2023 released on Monday said domestic business activity has improved considerably but recovery remains uneven, as certain sectors… Source link