Mustapa: Malaysia must strengthen SME ecosystem, mainly on early-stage financing

KUALA LUMPUR (March 24): Malaysia must strengthen the small and medium enterprise (SME) ecosystem, especially with regard to early-stage financing, said Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed. He said supporting the SMEs and providing early-stage financing would be vital to facilitate productive and innovative firms. “Innovation, as we all know, is… Source link

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Malaysia must strengthen SME ecosystem, mainly on early-stage financing

Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed. — Bernama photo KUALA LUMPUR (March 24): Malaysia must strengthen the small and medium enterprises (SMEs) ecosystem especially with regard to early-stage financing, said Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed. He said supporting the SMEs and… Source link

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SME lending platform Validus acquires Citi Singapore’s CitiBusiness loan portfolio  – TechCrunch

Validus, a Singapore-based lending platform for small and medium-sized enterprises, is acquiring CitiBusiness’ loan portfolio for an undisclosed amount to bolster its top-line revenue and customer base and expand its growing loan book.  Nikhilesh Goel, co-founder and CEO of Validus, told TechCrunch that Validus expects to create synergies with the loan portfolio… Source link

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M’sian SMEs look to tap growth in Asia Pacific: Survey

More than 58% of SMEs looking to expand their business presence Majority of SMEs seek opportunities in international trade in APAC FedEx Express, a subsidiary of FedEx Corp and one of the world’s largest express transportation companies  together with SME Association of Malaysia, has released the results of a joint survey titled ‘Levelling Up the Logistics Strategy for SMEs in… Source link

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Report: Govt may defer RM1,500 minimum wage ruling for SMEs, micro businesses | Malaysia

Deputy Human Resources Minister Datuk Awang Hashim speaks in Parliament December 22, 2021. — Bernama pic KUALA LUMPUR, March 21 —The government is reportedly considering allowing some micro businesses as well as small and medium enterprises (SMEs) to defer increasing the wages of its employees to meet the soon-to-be minimum of RM1,500. Deputy Human Resources Minister Datuk Awang… Source link

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Digitalising SMEs to thrive in digital economy

IN April 2020, Microsoft chairman and chief executive officer Satya Nadella said, “We’ve seen two years’ worth of digital transformation in two months. From remote teamwork and learning to sales and customer service, to critical cloud infrastructure and security – we are working alongside customers… Source link

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Survey: Most SMEs want to expand overseas

KUALA LUMPUR: A majority of Malaysian small and medium enterprises (SMEs) are seeking opportunities in international trade within South-East Asia and East Asian markets such as China, Japan, South Korea and Taiwan, according to a survey. The joint survey by FedEx Express and the SME Association said more than… Source link

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Insight – Ride the RCEP train or be left behind, SMEs told

SMALL and medium enterprises (SMEs) need to proactively find out how they can benefit from the Regional Comprehensive Economic Partnership (RCEP). Under the RCEP, which is the world’s largest free trade agreement, SMEs can enjoy, among other things, lower tariffs and market access as well as standardisation… Source link

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Covid-19 recovery council to focus on those hardest hit as Malaysia enters endemic phase

MUAR, JOHOR – Malaysia will roll out a second recovery phase after it transitions to endemicity on April 1 as it is still short of reversing the damage from the Covid-19 pandemic that caused a deep recession in 2020. National Recovery Council (NRC) chief Muhyiddin Yassin told The Straits Times that the panel’s job “is far from over” as it now pivots from balancing lives and livelihoods… Source link

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