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KUALA LUMPUR (Sept 29): Sarawak Consolidated Industries Bhd (SCIB) has secured Islamic banking facilities of up to RM34 million, which will be used to redeem property, as working capital and operating expenditure. Its wholly-owned subsidiary SCIB Concrete Manufacturing Sdn Bhd (SCM) accepted the Islamic banking facilities from Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) on… Source link

Minister upbeat about global response to wellness event Published on: Friday, September 29, 2023 Text Size: Liew (centre), flanked by Sion (on her left) and Lajawai, with Dr Lim (left) and IWWCE 2024 Marketing Executive Connie Chew Ying Ying (right). Kota Kinabalu: Minister of Tourism, Culture and Environment Datuk Christina Liew is upbeat about the global response to Sabah’s… Source link

Small and medium-sized enterprises (SMEs) wield significant influence in shaping the future of the domestic and global economy. In Malaysia, SMEs are the backbone of the economy. More than 97% of all businesses are SMEs, contributing to over 38% to GDP and employing 48.2% of the workforce. These remarkable… Source link

Tailored guidance is being developed for SMEs on the information they should provide to FIs. A new SME focus group has also been established. Get access today Sign up for a free 2-week trial and get instant, unrestricted and unlimited access to Regulation Asia. FREE TRIAL[1] Already taken your free trial? Get in touch with our team and enquire about a subscription today. Select… Source link

The Small and Medium Enterprises Association (Samenta) has expressed its concern over the imposition of transaction feesPayments Network Malaysia Sdn Bhd (PayNet), the operator of DuitNow QR. Samenta has urged PayNet to reconsider the implementation of these fees for payments and transactions made with credit cards starting from November 1. Merchants have invested significant amounts of time… Source link

PETALING JAYA: ORIX Leasing Malaysia Berhad (ORIX) has been at the forefront of driving industrial progress by empowering small and medium enterprises (SMEs) in Malaysia. The pioneer in equipment leasing has to date, impacted over 70,000 Malaysian businesses since its incorporation in 1973, of which more than 85% are SMEs. Reflecting on how the company has impacted the SME industry in the… Source link

KUALA LUMPUR: The merchant discount rate (MDR) charge to be imposed on merchants for payment received via DuitNow has come as a huge surprise to small and medium enterprises. Small and Medium Enterprises Association (Samenta) president Datuk William Ng said while the association appreciates that the MDR or… Source link

PETALING JAYA: Employers have called on the government to provide clear guidelines and enforcement to ensure cash incentives for the adoption of the progressive wage policy are effectively used. Associated Chinese Chambers of Commerce and Industry of Malaysia’s (ACCCIM) SMEs committee chairman Koong Lin Loong… Source link

AS a signatory to the Paris Agreement, Malaysia has pledged to achieve net zero emissions by 2050. However, by 2030, only seven years away, the country must unconditionally reduce carbon intensity against GDP by 45% as compared to 2005 levels. As such, the pressure is on the Malaysian government and industries… Source link

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