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BUKIT MERTAJAM (Sept 1): Budget 2024, which will be tabled in October, will focus on empowering and strengthening the middle class and small and medium enterprises (SMEs), according to Deputy Finance Minister II Steven Sim Chee Keong. He said this is because the middle class group constituted the community that was the most affected during the pandemic. “Hence, one of the key focuses in Budget… Source link

SEBERANG PERAI, Sept 1 — The national Budget 2024 that will be tabled in October is expected to focus on strengthening the middle income group and small medium enterprises (SMEs), Deputy Finance Minister II Steven Sim Chee Keong said today. He said the middle income group known as the M40, were the ones most affected during the Covid-19 pandemic and still in need of assistance. “We need to… Source link

A Malaysian team comprising Universiti Brunei Darussalam (UBD) alumni Ying Ho and UBD student Ho Jun Ang were invited to pitch at the APEC Small and Medium Enterprises (SME) Ministerial Meeting for the APEC App Challenge 2023. The final pitching challenge took place from August 19 to 21. They were among the five shortlisted teams – including United States (US), China, the Philippines and… Source link

KUALA LUMPUR: Hong Leong Bank Bhd expects 6% to 7% growth in its loan segment for its financial year 2024, underpinned by key factors such as mortgages, small and medium enterprises (SME) and auto financing in Malaysia. The bank is also expecting an increase in loan contribution from their overseas branches, particularly from Singapore,” said group managing director/CEO Kevin Lam. … Source link

KUALA LUMPUR (Aug 30): Hong Leong Bank Bhd is expecting its year-on-year (y-o-y) loan growth to moderate to 6-7% for the financial year 2024 (FY2024), from the 8% it achieved in FY2023, amid a softer domestic economic environment. Besides that, external factors could weigh on loan growth in the coming quarters, including global macroeconomic conditions, further interest rate hikes and… Source link

Subscribe to our FREE Newsletter or Telegram channel for the latest stories and updates. Small Medium Enterprise Development Bank (SME Bank) has announced that its highly anticipated annual flagship business matching event, SME Bank XCESS 2023, will return this year featuring a hybrid experience with participation from both local and international partners.

Funding Societies, the Singapore-based digital finance platform for small and medium enterprises (SMEs), and the Malay Vehicle Importers and Dealers Association of Malaysia (PEKEMA) and have entered into a collaborative effort to facilitate accessible financing through a digital financial platform. The collaborative agreement, formalized through this partnership, is geared towards… Source link

TO mark National Day, Lotuss Stores (Malaysia) Sdn Bhd (Lotus’s Malaysia) has launched its sixth “Buy Malaysia Campaign” with strategic partner Domestic Trade and Cost of Living Ministry (KPDN). The campaign aims to boost consumer interest in quality homegrown goods and help local small and medium… Source link

PRESS RELEASE Published August 28, 2023 In an unprecedented move to democratize the brand building landscape for Small and Medium Enterprises (SMEs) in Malaysia, UnitestarMedia is excited to launch its 30-Day Brand Credibility Booster Package. This socially-conscious initiative is designed to catapult SME brands from anonymity to household names within just 30 days, addressing the chronic… Source link

Governments in Southeast Asia should support the development of small and medium enterprises (SMEs) by addressing challenges to access to finance to promote economic growth and reduce inequality, according to the Asian Development Bank Institute (ADBI). In a working paper, the multilateral lender’s think tank ADBI said a solid SME foundation is necessary to grow the economy and reduce… Source link