SME News
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2023-10-16
SMEs disappointed with introduction of capital gains tax
KUALA LUMPUR: Small and Medium Enterprises (SMEs) are surprised and disappointed with the introduction of the capital gains tax under the 2024 Budget, without any consultation with SME stakeholders. Small and Medium Enterprises Association of Mala...
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2023-10-16
MITI optimistic 2024 will be a stronger year for FDIs into Malaysia
KUALA LUMPUR: The Ministry of Investment, Trade and Industry (MITI) is optimistic that 2024 will be a stronger year for foreign direct investments (FDIs) into Malaysia, leveraging what is seen in the pipeline. Its Minister, Tengku Datuk Seri Zafru...
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2023-10-16
The New Industrial Master Plan 2030 will drive industrial demand in Malaysia
KUALA LUMPUR: The government's New Industrial Master Plan 2030 (NIMP) to increase manufacturing value adds positively to Malaysian industrial demand. According to UBS, growth in foreign direct investment (FDI) and domestic direct investment (D...
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2023-10-16
SE Asia SMEs depend on personal savings, family for start-up capital
APPROXIMATELY 70% of small and medium-sized enterprises (SMEs) in South-East Asia kick-start their ventures using personal savings and contributions from family and friends, with only 23% relying on traditional bank funding, while the remaining ...
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2023-10-16
SST hike to 8% will hit consumers, eateries indirectly
PETALING JAYA: The 2% rise in the sales and service tax (SST) to 8% is expected to adversely impact consumers despite the exemption on food and beverage (F&B) outlets as supply chains are integrated, say financial experts. Wealth Vantage Advis...