SME Young Entrepreneurs launches badminton tournament to encourage healthy lifestyle while building platform for networking 

National president of the SME Association of Malaysia Ding Hong Sing delivers his speech at the SME Young Entrepreneur Fusionex Challenge Trophy 2022 in Kuala Lumpur, 9 June 2022. — Picture by Shafwan Zaidon By SHAHRIN AIZAT NOORSHAHRIZAM Thursday, 09 Jun 2022 7:23 PM MYT KUALA LUMPUR, June 9 — SME Association of Malaysia – Young Entrepreneurs Bureau has launched a badminton… Source link

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SME Lending in APAC Is the Major Opportunity for Banking-as-a-Service

Opportunities are endless with Banking-as-a-Service (BaaS), and nowhere is this more true than in Asia Pacific (APAC). Banks in the region, particularly in hubs like Singapore and Hong Kong, have embraced and become leaders in open banking, automated services, ever-improving APIs, and evolving customer expectations. Now, BaaS has created exciting new propositions… Source link

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Malaysia to table Fiscal Responsibility Bill at next Parliament session

KUALA LUMPUR (June 8): The Ministry of Finance (MoF) is looking at introducing the Fiscal Responsibility Act by tabling the bill at the Malaysian Parliament’s next session — scheduled to start on July 18 — to boost tax collection, which will be crucial to replenish the nation’s coffers to finance the nation’s developmental and longer-term reform plans, according to Finance Minister… Source link

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Alliance Bank to provide RM200m in digital SME loans this year

Thursday, 02 Jun 2022 7:27 PM MYT KUALA LUMPUR, June 2 — Alliance Bank Malaysia Bhd (Alliance Bank) plans to provide an additional RM200 million in Digital SME loans this year to help small and medium enterprises (SMEs) grow their business. Alliance Bank senior vice president and head of digital SME, Kevin Shum, said that eligible SMEs can obtain up to RM500,000 collateral-free financing… Source link

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Alliance Bank to offer additional RM200m in Digital SME loans

PETALING JAYA: Alliance Bank Malaysia Bhd aims to provide up to RM200 million in digital SME loans this financial year ending March 31, 2023 (FY23) compared with RM60 million in FY22, said senior vice-president and head of Digital SME Kevin Shum. The bank’s latest digital solution Digital SME is helping small and micro enterprises manage and grow their business faster by leveraging the… Source link

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HitPay is a one-stop solution for SMEs – TechCrunch

HitPay has almost everything SMEs need to run their businesses. In addition to being an online payment gateway, it also offers tools like point-of-sale software with card readers, plugins, payment links and no-code online stores. The Y Combinator alum announced today that it has raised $15.75 million in Series A funding led by Tiger Global, with participation from returning investors… Source link

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The contribution of SMEs in Malaysia and China

Small and medium enterprises (SMEs) are suffering greatly due to the Covid-19 pandemic. Between January and May 2020, 26% of SMEs worldwide closed down permanently, with South Asia as the hardest hit at 46%. 61% of them reported reduced sales. The wider effects on society are not negligible – SMEs make up… Source link

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PM’s working visit to Japan gives positive impact to SME

PUTRAJAYA: Prime Minister Datuk Seri Ismail Sabri Yaakob’s working visit to Japan has given a positive impact and a boost to the small and medium enterprise (SME) sector in Malaysia, Minister of Entrepreneur Development and Cooperative Tan Sri Noh Omar said. In a statement today, Noh said the prime minister’s working visit is a proactive step to invigorate the economic sector in Malaysia… Source link

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Funding Societies expands offerings for MSMEs

FUNDING Societies, the largest SME digital financing platform in Malaysia and South-East Asia, has expanded its financing offerings for the local micro, small and medium enterprises (MSMEs). The syariah-compliant trade financing solutions based on commodity murabahah (tawarruq) is for creditworthy and… Source link

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