SME News
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2021-04-01
Allow interstate travel, we’ve suffered enough, say Sabah tourism groups
KOTA KINABALU: Sabah’s tourism and hospitality industries are hoping the government will lift the interstate travel ban soon, with Prime Minister Muhyiddin Yassin recently touching on the possibility. Although Muhyiddin did not confirm such ...
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2021-03-31
Malaysia's GDP to grow up to 7.5pct in 2021: Bank Negara
KUALA LUMPUR: Malaysia's economy is expected to expand between six per cent and 7.5 per cent this year, Bank Negara Malaysia governor Datuk Nor Shamsiah Mohd Yunus said. This is against a 5.6 per cent gross domestic product (GDP) contraction i...
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2021-03-31
Online retail sales almost doubled during pandemic, says BNM
KUALA LUMPUR (March 31): Bank Negara Malaysia (BNM) said online retail sales almost doubled during the Covid-19 pandemic, demonstrating rapid growth of the digital economy as a contributor to the country’s growth. BNM governor Datuk Nor...
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2021-03-31
Bank Negara: Hotel business to remain modest throughout 2021
KUALA LUMPUR, March 31 - Market conditions for hotels are likely to remain modest throughout 2021 amid intense competition for a smaller pool of travellers, higher operational costs due to the imposition of standard operating procedures, and slow rec...
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2021-03-31
Bank Negara: Despite movement curbs, cash was king in 2020 hitting highest annual growth in 10 years
KUALA LUMPUR, March 31 — Despite movement restrictions and rapid acceleration in e-commerce and online spending in 2020, cash remained the most prevalent medium of payment in the year, which saw an annual growth of 14.3 per cent, the highest in...