SME News
-
2023-10-09
Sarawak stands to gain more if cabotage policy abolished, says association
KUCHING, Oct 9 — Sarawak Manufacturers Association (SMA) is hoping that the cabotage policy would be abolished so that the state’s economy would improve. “If there’s no more national cabotage, manufacturing inputs would be ...
-
2023-10-09
MIDA launches new funds to drive automation, digitalisation and ESG practices
KUALA LUMPUR: The Malaysian Investment Development Authority (MIDA) has launched new funding facilitation initiatives to catalyse Malaysia's industrial growth and foster economic development. These initiatives include the Domestic Investment A...
-
2023-10-09
SMEs hope for 2% tax cut in 2024 budget
GEORGE TOWN: Groups representing over 20,000 small and medium enterprises (SMEs) hope the 2024 budget will provide a 2% cut on company tax, allowing funds to be freed for reinvestment in their businesses. William Ng, chairman of the Small and Medi...
-
2023-10-09
SMEs have less than two months of cash reserve: Samenta study
KUALA LUMPUR: Small and medium enterprises (SMEs) have low business margin and cash flow limitations despite a general recovery in business. According to a survey by Small and Medium Enterprises Association Malaysia (Samenta), 29 per cent of...
-
2023-10-09
Domestic financial system remains resilient, says BNM
PETALING JAYA: Bank Negara Malaysia (BNM) has assured the country’s financial system remains resilient and that domestic financial institutions are able to continue supporting the financing needs of households and businesses. “The stro...