Malaysia’s Budget 2021 certainly contained measures that will provide more breathing space for the individual, but many are still concerned over issues that relate to supporting the struggling SMEs of the country; as a new wave of Covid-19 sweeps across the nation. While some SMEs are rather optimistic about...
With the year end fast approaching, one of the world’s longest Christmas celebrations are expected to kick-off soon in the Philippines. At the forefront of the holiday rush are the massive shopping malls the country is known for; vast emporiums that are carefully decorated to appeal to the holiday...
It is encouraging to note that Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz is committed to continue helping small and medium enterprises (SMEs) along their recovery path by accelerating the adoption of digitalisation under the upcoming Budget 2021.
Many fiscal efforts have been put in place prior to...
The COVID-19 pandemic has impacted, disrupted and forced businesses to evolve the way it operates – pushing business owners to rethink their strategies and approaches to remain sustainable.
Among other things, one such approach to adapt to the changing business ecosystem is a shift towards digital solutions, as people have...
It has been reported that up to 43,206 Malaysian entrepreneurs in various business sectors have benefitted from Tekun Nasional’s financing, which comes in at a value of RM451.36 million since the start of the Covid-19 pandemic in March of this year.
Another agency under the Ministry of Entrepreneur Development and...
As we edge close to the announcement of Malaysia’s Budget 2021, the country’s gig economies are coming out with their own Wishlists, which they hope to see as the nation continues on the road to recovery.
Among others, Malaysia’s Foodpanda service hopes to see digital tax waivers and SME digitalisation...
In order to emerge stronger and more resilient amidst the ‘new normal’, Malaysia will need to have competent leadership, a stable and empathetic government, as well as an innovative and adaptable economy.
It also requires a new societal framework that ultimately serves the people and prioritisation of natural security and...
The Asia Pacific Investment Bank (APIB), has suggested that a reduction in corporate tax rate would help to lift the financial burden for SMEs that have been through, or are currently facing severe financial distress due to business suspensions as a result of the resumption of the Conditional Movement...
On 20 October, the Malaysian government has announced that employees in the private and public sectors, at the management and supervisory levels, in areas under the Conditional Movement Control Order (CMCO) will have to work from home once again. This comes after a recent surge in the number of...
Malaysia’s Ministry of International Trade and Industry (MITI) has recently announced a new initiative to help boost the nation’s economy amidst the post-Covid-19 recovery period. Under said initiative, the Market Development Grant (MDG) under the Malaysia External Trade Development Corporation (MATRADE) now has a value-added criteria to help SMEs...
Malaysia has been hit hard by the Covid-19 pandemic. The economy is facing new and oppressive challenges that threaten to ruin its business ecosystem. Despite this, the Malaysian Investment Development Authority (MIDA) is confident that Malaysia continues to be a preferred investment destination by the international business community.
Deputy chief...
The Fourth Industrial Revolution did not end with the Covid-19 pandemic. Rather, the coronavirus has merely accelerated it. Digital adoption and transformation rates skyrocketed as businesses, especially SMEs, scrambled to adapt to the changing economic landscape.
Above all else, it was Singapore’s SMEs that digitalised their businesses and leveraged data...
