Wednesday, June 29, 2022
Local solar farm operator Gading Kencana Sdn Bhd is expanding into the Middle East and North Africa (Mena) region with the latest collaboration with March Global LLC of Saudi Arabia to develop solar farms valued at US$1 billion (RM4.2 billion). The memorandum of understanding (MoU) for the projects which was...
Indonesia has opened a quarantine-free travel corridor that allows people from Singapore to travel to Batam and Bintan, said Tourism and Creative Economy Minister Sandiaga Uno. The travel scheme is for people to visit Nongsa in Batam and Lagoi in Bintan, and they are not allowed to leave for other...
United Overseas Bank Ltd (UOB) has signed agreements to acquire Citigroup’s consumer banking businesses comprising its unsecured and secured lending portfolios, wealth management and retail deposit businesses in Indonesia, Malaysia, Thailand and Vietnam. The total cash price for the acquisition, will be calculated based on an aggregate premium equivalent to...
Malaysia’s oldest association for small and medium enterprises, SAMENTA, will be celebrating its 35th anniversary on 18 March 2022 with an anniversary dinner and SME100 awards night to be graced by His Excellency Tuan Yang Terutama Tun Dato’ Seri Utama Ahmad Fuzi bin Haji Abdul Razak, Governor of Penang. SAMENTA...
Agriculture-based SMEs need to adopt advanced technology and automation solutions to further foster growth in Malaysia's agricultural sector. In Asean countries, the agricultural sector contribution to the GDP ranged from 0.03 per cent (Singapore) to 22.8 per cent (Myanmar and Cambodia). Malaysia was ranked eighth with 7.4% to its GDP...
Earlier in November, central banks in Indonesia and the Philippines kept interest rates at record lows to support the countries slow recovery from the pandemic. Southeast Asia's largest economy, Indonesia, grew by a disappointing 3.51% in the third quarter as restrictions to control COVID-19 cases weighed on activity. The picture...
Funding Societies has launched its ‘Top Up & Invest’ campaign for the year end season to encourage investors grow their investments while getting the chance to get some attractive prizes. The digital financing platform offers personalised products for SMEs such as shorter-term invoice financing and business term financing. The platform...
By Avanti Kumar According to a recent industry roundtable on the theme of food supply chains in Asean, priorities to carve a more reliable pipeline must include agility, as well as resilience and sustainability. In her opening remarks, SAP president and managing director (Southeast Asia) Verena Siow started with the basics,...
After 20 months of pandemic-induced restrictions and lockdowns, borders are in the reopening phase across Southeast Asia. Thailand opening of its border has already boosted tourism and given a ray of hope to the region's airline industry. More countries across Asia are now speeding up their reopening schedules to kickstart...
In Southeast Asia, there are a lot of small and medium-sized enterprises (SMEs). In fact, there are more SMEs in this region than any other region in the world. This is because many countries here have been able to develop economically and socially at a fast pace through a...

Getting MSMEs Online

By Thomas Parks and Hannah Najar As the Covid-19 Delta variant unleashes a storm over Southeast Asia, the region’s micro, small, and medium enterprises (MSMEs) are desperately trying to hold on. Just when we thought the first two waves were challenging, the third wave of Covid-19 has produced more...
The pandemic started a global crisis which ravaged economies and businesses around the world. It has certainly brought everything to a standstill and forced SMEs in Indonesia to adapt and change their business plan and strategy to survive. Indonesian SMEs form the backbone of the nation's economy and contribute largely...

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