Not many micro-SMEs in Sarawak apply for alternative financing

Faiz (right) highlights some points during the panel discussion. With him (from left) are Jalil, Kashminder, Syakir and Chew. KUCHING (Sept 18): Very few micro small and medium enterprises (MSMEs) in Sarawak have applied for the alternative financing from SME Corporation Malaysia (SME Corp) over the last three to five years. In stating this, the corporation’s Sarawak regional… Source link

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85% of Malaysian SMEs surveyed have increased their salaries by at least 3% since the pandemic

At the same time, 41% of respondents pay significantly more than the minimum wage, 46% pay slightly more, and 13% pay the minimum wage for entry-level employees. The most valuable asset for a company is having the right person for the right job, suggests BrioHR’s recent SME Employer Sentiment Survey. However, a prominent challenge noted currently for a new or existing business is… Source link

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Muhyiddin urges Putrajaya to introduce special moratorium for SMEs struggling to recover post-Covid

Tan Sri Muhyiddin Yassin has proposed today that Putrajaya offer a special moratorium to SMEs. — Picture by Sayuti Zainudin By R. Loheswar Sunday, 11 Sep 2022 11:10 AM MYT KUALA LUMPUR, Sept 11 — Tan Sri Muhyiddin Yassin has proposed today that Putrajaya offer a special moratorium to small and medium enterprises (SMEs). The former prime minister said the sector had yet to fully… Source link

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Govt loan scheme not accessible to SMEs

BY JEFFREY ELAPA The commercial banks and the Superfunds in the country to invest in the credit guarantee corporation schemes to grow the SME sector and stimulate the growth in the economy, the Minister for International Trade and Investment Richard Maru said. He said loan demands in the country exceed more than K500,000 and these kind of money should come from the banks and the superfunds,… Source link

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MEASAT signs multiyear Managed Bandwidth Services contract with Reach Ten

MEASAT Global Berhad (“MEASAT”) – Malaysia’s premier satellite operator, has signed a multiyear contract with Reach Ten Communication Sdn Bhd (“Reach Ten”) for Managed Bandwidth Services, supported by the high throughput satellite (“HTS”) payload on MEASAT-3d (“M3d”). With this contract, Reach Ten will become the largest enterprise satellite service provider in Malaysia in terms of… Source link

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How Malaysia is helping SMEs thrive post-Covid with digital transformation

Many of Malaysia’s brick-and-mortar SMEs suffered when the pandemic hit and footfall dried up. Digital transformation may be helping them thrive once again. Image: Canva Small and Medium Enterprises (SMEs) in Malaysia had a bleak outlook during the pandemic. Many saw “no hope for recovery”, according to the country’s Small and Medium Enterprise Association. Lockdowns and… Source link

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NCCIM calls for greater efforts in digitalising SME

KUALA LUMPUR: The public and the private sectors have been urged to put greater efforts into digitalising small and medium enterprises (SME) with focus on high-growth sectors as digitalisation will be a game changer in Budget 2023, the National Chamber of Commerce and Industry of Malaysia (NCCIM) said. Its treasurer-general Datuk Dr AT Kumararajah said the digital world has accelerated. … Source link

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OGA X MOGSEC 2022 TO FOSTER GREATER COLLABORATION AMONG INDUSTRY PLAYERS

KUALA LUMPUR, Malaysia, Sept. 6, 2022 /PRNewswire/ — The upcoming OGA X MOGSEC 2022 exhibition and conference to be held from 13 to 15 September in Malaysia, marks a strong comeback for the industry. Despite the extreme challenges in the last couple of years due to the COVID-19 pandemic, this year’s event is expected to see the participation of over 260 exhibitors, both local and… Source link

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Helping SMEs stay resilient in hard times

PETALING JAYA: AS businesses gear up for the Budget 2023 announcement that’s expected to be tabled on Oct 7, many small and medium enterprises (SMEs) today have their hands full with rising costs and high inflation rates. Although Malaysia is yet to experience the full onslaught, there are looming… Source link

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