S&P Global Ratings (S&P) said Malaysian Islamic banks may take a bigger hit from Covid-19 because of their retail-focused business profile and inflexibility to adjust interest rates for relief loans. The credit rating agency said in a report that the recovery from Covid-19 among the Islamic banks in Malaysia has...
Singaporean SMEs can expect the second quarter of 2022 to remain largely positive, with the further easing of Covid-19 measures and border controls at home and internationally. According to the OCBC SME Index, the 1Q22 Index came in at 50.5, marking 5 consecutive quarters of expansion. A reading above 50...
Singapore’s air traffic volume has reached almost a third of pre-Covid levels just over two weeks after removing most restrictions on air travel and is on track to reach 50 per cent later this year, according to the Civil Aviation Authority of Singapore (CAAS). The increase in air traffic since...
The Covid-19 pandemic has had a profound impact on the health industry, driving rapid digitalisation in the healthcare sector and forcing suppliers of medical devices and services to adapt. To this end, the Hong Kong Trade Development Council (HKTDC) and Hang Seng Bank co-hosted a webinar titled "Start-up-Corporation Collaboration for...
Bank Rakyat and SME Bank have discussed the process of restructuring the loan repayments of entrepreneurs affected by the Covid-19 pandemic, Entrepreneur Development and Cooperatives Minister Tan Sri Noh Omar said. “Many entrepreneurs came to see me and informed that they could not repay their loans even though the banks...
Singapore’s Ministry of Health (MOH) will review the relevance of the TraceTogether app and vaccination-differentiated safe management measures as Singapore makes progress in living with Covid-19, said Health Minister Ong Ye Kung in Parliament on 4 April. On the whole, the costs and benefits of TraceTogether changes as Singapore makes...
The Health Ministry (MOH) is considering a fourth Covid-19 vaccine dose for people with weakened immune systems. Citing Health Minister Khairy Jamaluddin, health news portal CodeBlue on Monday (4 April ) reported that the minister, in a written Dewan Negara reply on 31 March, told Senator Datuk Seri S Vell...
Visa has entered a Memorandum of Collaboration (MoC) with Tourism Malaysia to support the Ministry of Tourism, Arts and Culture (Motac) in driving inbound travel and promote Malaysia as a preferred travel destination as Malaysia’s borders reopen today following two years of Covid-19 restrictions. Prior to the pandemic, Malaysia welcomed...
SMEs will be exempted from the regulation to implement the RM1,500 minimum wage rate from 1 May, Entrepreneur Development and Cooperatives Minister Tan Sri Noh Omar told the Dewan Rakyat. According to Noh, only larger companies will be required to pay the new minimum wage, revised from RM1,200 previously. He said...
Singapore is easing more Covid-19 curbs including lifting most restrictions for fully vaccinated visitors arriving in the country and dropping requirements to wear masks outdoors, Prime Minister Lee Hsien Loong said in a televised national broadcast on Thursday. Singapore was one of the first countries to shift to a strategy...
Amazon Web Services, Inc (AWS), an Amazon.com company, has found that the need for digital skills training became more acute during the pandemic, with 91 percent of workers in Singapore reporting they need more digital skills – the ability and knowledge to apply digital technologies for tasks in the...
Supply chain support and longer-term assistance are at the top of the wish list for UK manufacturing SMEs if they are to make the most of the post-pandemic recovery and the long-anticipated UK Shared Prosperity Fund. Over three quarters of the 335 firms questioned by the Manufacturing Growth Programme (MGP)...

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