Thursday, April 9, 2020
Malaysia-China Chamber of Commerce calls for greater efforts to assist SMEs The Malaysia-China Chamber of Commerce (MCCC) is urging the government to step up efforts to further help the small and medium-sized enterprises (SMEs) to overcome difficulties and avoid the possible tide of unemployment. The chamber suggests the government pay...
Dato William Ng, group publisher and editor-in-chief of SME Magazine feels SMEs have been clearly let down by the latest economic stimulus package announced by Prime Minister Tan Sri Muhyddin Yassin. Dato Ng said while many are grateful for the RM600 per month wages subsidy, this will not be sufficient...
SME Association: Not much benefit seen for SMEs The SME Association of Malaysia said small and medium-sized enterprises (SMEs) do not benefit much from the new stimulus package. Its President, Datuk Michael Kang said the industry was disappointed with the stimulus package and predicts that at least 50% of SMEs...
FMM said Economic Stimulus Package “Commendable” but … The Federation of Malaysian Manufacturers (FMM) has described the RM250 billion Economic Stiumulus Package announced by Prime Minister Tan Sri Muhyiddin Yassin to mitigate the impact of the COVID-19 and the Movement Control Order (MCO) as “commendable”. FMM President Tan Sri Dato’ Soh...
Prime Minister Tan Sri Muhyiddin Yassin today unveiled an economic stimulus package valued at RM250billion. From the amount, RM128bil will be used to protect the welfare of the people and RM100bil to support businesses including small and medium enterprises. The Government and Bank Negara Malaysia will set additional allocation...
MaGIC Survey: Startups, Social Enterprises Need Support to Ride Out Covid-19 Impact. Less than 3% expect to survive beyond 12 months if current situation persists About 40% of startups and social enterprises may fold if the Covid-19 pandemic drags on until Hari Raya Aidilfitri. This was part of the findings...
Following the MCO extension to 14 April to battle the COVID-19 threat, the Malaysia Digital Economy Corporation (MDEC) has launched the #DigitalvsCovid campaign, marshalling local tech companies to extend digital solutions and services to affected domestic businesses and consumers. The #DigitalvsCovid campaign’s call to serve the nation received very encouraging...
Malaysia has extended the movement control order (MCO) for another two weeks until April 14. Prime Minister. Prime Minister, Tan Sri Muhyiddin Yassin said he was briefed by the National Security Council and Health Ministry and the trend showed new Covid-19 positive cases had spiked. Malaysia recorded 172 new...
By William Ng With the movement control order (MCO) extended to a month now, at the top of everyone’s mind must be: how do we pay salaries and how do we keep the business afloat? There is no short answer to this. But rest assured that the majority of employees out...
Bank Negara grants six-month grace period for loans of individuals and small businesses Banking customers, including individuals and small and medium sized enterprises (SMEs) will be allowed to delay the repayment of their existing loans, including mortgages and hire-purchases, for a period of six months. In a letter to the heads...
The number of confirmed COVID-19 cases in Malaysia has skyrocketed in the past few weeks. The situation was so sudden and severe that the government has enforced a two week Movement Control Order that limits travel as well as temporarily shutting down brick & mortar stores and businesses with...
Business sentiment among Malaysian firms dives to a new low in Q2 2020 amid COVID-19 Business sentiment among Malaysian companies dived to a new low in Q2 2020. According to Dun & Bradstreet (D&B) Malaysia’s Business Optimism Index (BOI) study, BOI plunged into the contractionary zone from +10.22 percentage points...

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