Ease requirements for SMEs to get aid, urges SUPP man
KUCHING: SUPP Youth Central Small and Medium Enterprises (SME) Bureau chief Eric Tay Tze Kok has expressed his delight with the newly announced Sarawakku Sayang Special Assistance (BKSS 7.0) package from the state government. He said the package was timely as many SMEs had been severely affected by the pandemic and the movement restrictions that […]
SMEs need new ways to rebuild businesses in Covid-era
KUALA LUMPUR: Malaysia’s 907,065 small and medium enterprises (SMEs) are living in very uncertain times — from day to day it seems almost impossible for them to predict what will come next. Businesses across the country have barely hung on after the arrival and persistence of Covid-19. In this regard, entrepreneurs need to live in […]
JanaNiaga financing allocation expected to reach RM1.2 bln
KUALA LUMPUR: The allocation for the National Supply Chain Finance Platform, JanaNiaga, is expected to reach RM1.2 billion, with the additional allocation from financial institutions which will participate in phases. Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said to ensure the financing assistance could be extended to the SMEs immediately, an allocation of RM300 […]
Automatic moratorium on loans a welcome relief
KUCHING: The public have welcomed the six-month automatic moratorium on bank loans for individual borrowers, including those in the B40, M40, and T20 groups, as well as small and medium enterprises (SMEs) and micro-entrepreneurs. Prime Minister, Tan Sri Muhyiddin Yassin, announced the moratorium on June 28 as part of the National People’s Wellbeing and Economic […]
SMEs must change business operations to prepare for recovery in digital age
KUALA LUMPUR: Small and medium enterprises (SMEs) must transform their business operations in the digital age and start preparing for early business recovery by year-end or even by the third quarter of 2021, an Asean expert in human resource said today. GKK Consultants Sdn Bhd group chief executive officer Gajendra Balasingham told Bernama that he […]
Digital adoption is a must to reignite export businesses
KUALA LUMPUR: Small and medium-sized enterprises (SMEs) must be able to leverage digital adoption to reignite export businesses during the pandemic, said Bank Islam Malaysia Bhd director Datuk Nik Mohd Hasyudeen Yusoff. He said the development in technology has opened the avenue for export businesses and there are opportunities for small business players to be […]
Shopee helps micro businesses pay it forward to farmers and fishermen
KUALA LUMPUR: With the aim of helping villagers affected by the movement control order (MCO), a soon-to-retire science teacher from Sabak Bernam had quickly got into the business of selling “sambal pecal” through Shopee while staying at home. Besides helping to ease the growing family expenses, Mohd Ghazali Anuar, 56, said he wanted to sell […]
Wage subsidies first line of defence to help SMEs, keep unemployment low
KUALA LUMPUR: Keeping unemployment low by helping small and medium enterprises (SMEs) retain their workers through wage subsidies and loan moratoriums during the pandemic is the first line of defence in helping households, Asia Analytica said. The research and institutional services said the sector formed the backbone of the economy and generate substantial employment. It […]
Governments latest economic assistance plan lauded
KUCHING: The government has taken the views of various parties into consideration in order to help ease the people’s burden during this challenging time. Sarawak National Alliance chairman Senator Jaziri Alkaf A. Suffian, Saratok MP Datuk Ali Biju, Puncak Borneo MP Datuk Willie Mongin said in a joint statement on Thursday (July 1) that the Perikatan […]
Relax lending rules for banks, Bank Negara urged
KUCHING: The National People’s Wellbeing and Economic Recovery Package (Pemulih) announced on June 28 will benefit many individuals and economic sectors during the Covid-19 movement control order (MCO) 3.0, said Datuk Sim Kiang Chiok. The Sarawak Housing and Real Estate Developers’ Association (Sheda) Kuching branch chairman, however, felt that several measures should be implemented along […]
