Widening market reach for SMEs

JOHOR will continue to pave the way for local small and medium enterprises (SME) to explore new markets in Singapore and China this year. Johor unity, trade and consumer affairs committee chairman Dr Chong Fat Full said SMEs needed assistance to reach bigger markets, especially in light of the Covid-19 pandemic… Source link

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Malaysia: Many SMEs closed down during pandemic | World

Micro-enterprises make up the bulk of the SME sector at 78.4 percent. (Photo: The Malaysian Insight) Hanoi (VNA) – About 15 percent of micro-, small- and medium-sized enterprises (MSMEs) in Malaysia were temporarily closed due to a lack of funds stemming from the COVID-19 epidemic. The Malaysian Insight cited Ding Hong Sing, President of the SME Association of Malaysia, as saying that there… Source link

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Exemption of Stamp Duty for Instruments Relating to Mergers or Acquisitions of SMEs Extended

The Stamp Duty (Exemption) (No. 18) Order 2021 [P.U.(A) 502/2021] (“E.O. 18/2021”) which exempts from stamp duty specified instruments relating to mergers or acquisitions executed by small and medium enterprises (“SMEs”) was gazetted on 31 December 2021 and is deemed to have come into operation on 1 July 2021. E.O. 18/2021 exempts from stamp duty the following “instruments in… Source link

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15% SMEs closed down during pandemic

PETALING JAYA: About 15 per cent of micro, small, and medium-sized enterprises (MSME) are temporarily closed due to a lack of funds stemming from the pandemic, The Malaysian Insight reports. According to the SME Association president, Ding Hong Sing there are 1.15 million SMEs, which account for 97.2 per cent of businesses in Malaysia. Since 2015, SMEs have increased by an average 4.9 per… Source link

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Insight – SMEs incur extensive damage from floods

OF the 35% of small and medium-sized enterprises (SMEs) in Kuala Lumpur and Selangor, the most severely affected by floods are those in Klang, Shah Alam and Ulu Langat. While a few commercial banks and the Credit Guarantee Corp (CGC) have come up with disaster relief loans, online marketplaces like Shopee and… Source link

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SK Group strengthens its commitment to Malaysia with over $700m investments including Digital Bank and EV

KUALA LUMPUR, Malaysia, Jan. 4, 2022 /PRNewswire/ — SK Group, the second largest conglomerate in Korea with a market capitalization of $177bn, has committed over $700m investments in Malaysia in 2021, and intends to invest further into the country moving forward. In January 2021, SK Nexilis announced a capital expenditure of RM2.3 billion ($553m) to set up a copper foil manufacturing… Source link

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Growth funding exercise ahead of potential future IPO

Two decades ago, serial entrepreneur Ganesh Kumar Bangah (pic above) envisioned a world where electronic commerce (e-commerce) would not only be a reality for consumers but become a significant portion of global trade. It was this vision that drove Ganesh’s career success from that time on. Becoming EY’s Entrepreneur of the Year in 2012, Ganesh made history by becoming Malaysia’s youngest… Source link

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Continue hybrid work model | The Star

PETALING JAYA: A hybrid model of on-site and remote working should be continued in light of the fast-spreading Omicron variant of Covid-19, says the Malaysian Employers Federation (MEF). The MEF is urging employers not to rush in asking their employees to return to the workplace full-time as it may increase the… Source link

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