Sunday, March 29, 2020
With the recent spike in COVID-19 cases in Malaysia, SME Bank is offering a special financing of up to RM1 million (Appox. US$230,000) to SMEs affected by the coronavirus under the Special Relief Fund (SRF). This move is helpful in hindsight due to the recent partial lockdown that the...
Malaysia will be in a nationwide lockdown from this Wednesday (March 18) until March 31 due to the Covid-19 outbreak, Prime Minister Tan Sri Muhyiddin Yassin announced today. Muhyiddin said this means that all business premises have to be shut down, except for outlets such as supermarkets and grocery stores...
The Malaysian Trades Union Congress (MTUC), the Malaysian Bar Council and Malaysian Association of Tour and Travel Agents (MATTA) have called on the government to begin implementing a lockdown to curb the spread of the Covid-19 in the country. MTUC secretary-general J. Solomon said Malaysia now has the highest number...
Bank Muamalat Malaysia Bhd has signed a memorandum of understanding (MoU) with the Kota Bharu Municipal Council Islamic City (MPKB-BRI) to develop small and medium enterprises (SME) in Kelantan. Its business banking executive vice-president, Nor Hamidah Abu Bakar said the partnership was an extension of the SME strategic collaboration with...
The Ministry of Plantation Industries and Commodities aims to expand the oil palm market by entering new markets such as Africa and the Middle East, as well as increasing production and plantation areas. Minister Datuk Dr Mohd Khairuddin Aman Razali said the ministry will conduct a comprehensive study on the...
FMM-MIER Business Conditions Survey Reveals Sluggish Outlook for 1H2020 The sixteenth edition of the FMM-MIER Business Conditions Survey, a bi-annual collaboration between the Federation of Malaysian Manufacturers (FMM) and the Malaysian Institute of Economic Research (MIER) revealed that as uncertainties continue to weigh amid the novel coronavirus (COVID-19) outbreak, manufacturers’...
The Small and Medium Enterprise Association (SAMENTA) has welcomed the new Malaysian Cabinet announced this afternoon. SAMENTA’s Policy and Government Relations Chairman, Dato William Ng said given the uncertainty globally in view of Covid-19, and exacerbated by recent political uncertainties; the naming of a new cabinet is much anticipated...
Plans by local manufacturers, especially small and medium-sized businesses, to ship cargo valued millions of ringgit to their customers worldwide are now in limbo due to the disruption in production from the Covid-19 viral outbreak. Small and Medium Enterprises Association Malaysia secretary S.H. Yeoh said electronics manufacturers faced raw material...
The Malaysian Association of Tour and Travel Agents (Matta) wants major tourism service providers particularly airlines and hotels to waive normal cancellation charges to save travel agents from suffering a double whammy due to the Covid-19 outbreak with many tourists cancelling or postponing their holidays. In a statement, Matta president...
Another wave of COVID-19 cases has struck Malaysia. As such, the banks' preparedness along with measures undertaken by Bank Negara Malaysia (BNM) are a shot in the arm for the SMEs of the country in these trying times. “As the backbone of the nation’s economy, the SME sector deserves all...
Bank Negara Malaysia has reduced the Overnight Policy Rate (OPR) by 25 basis points to 2.50%. A statement from the Central Bank said the ceiling and floor rates of the corridor of the OPR are correspondingly reduced to 2.75% and 2.25%, respectively. “The reduction in the OPR is intended to...
Malaysia Digital Economy Corporation (MDEC) welcomes the Economic Stimulus Package, as it shows the seriousness of the Government to accelerate the digital adoption of the micro-small-and medium-sized enterprises (MSMEs) entrepreneurs and in making Malaysia an e-commerce hub. The allocation of RM20 million to the Perkhidmatan e- Dagang Setempat (PeDAS)...

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