Saturday, September 19, 2020
Alibaba Group’s B2B e-commerce platform, Alibaba.com, has recently launched a new initiative that seeks to help companies in Vietnam to go online and reach brand new pools of global buyers. As an international extension of the 2020 Spring Thunder program initiated by Alibaba Group, Alibaba.com’s ‘Project Sprout Up’ is a...
Having an online presence is now just as important, if not even more important than having boots on the ground. COVID-19 has brought about border closures and widespread movement control orders, forcing companies to rethink operational expectations and norms. Those that fail to adapt quickly will likely see significant...
As part of the Government’s PENJANA Short-term Economic Recovery Plan, homegrown e-wallet Boost is committed to facilitate in digitising the country’s Micro and SMEs (MSMEs) by joining forces with the Government through Malaysia Digital Economy Corporation (MDEC) to roll out the Micro & SMEs (MSMEs) E-commerce Campaign in a...
By Dr Hazik Mohamed COVID-19 is putting millions of SMEs in Asia in jeopardy, reports the World Economic Forum (WEF). For most companies, the pandemic lockdown measures have come quickly and as their employees adjust to working from home and social distancing, there are people who resist or are slow...
Today, Bank Negara Malaysia (BNM) announced that the country’s GDP growth for the second quarter of 2020 is -17 percent year-on-year. However, upon closer analysis, we can see clear improvements in GDP growth from April (-28.6 percent) to June (-3.2 percent). The GDP growth in June 2020 GDP clearly...
SMEs are undoubtedly the businesses that have received the short end of the stick when it comes to the COVID-19 pandemic. These smaller organisations have experienced the most drastic financial fallout in comparison to larger organisations. SMEs in APAC contribute a significant portion of the region’s economic growth, accounting...
Malaysia is the 9th most complex country for multinationals to do business in globally, and the 3rd most complex in Asia, according to a new report by professional services firm TMF Group. The Global Business Complexity Index analyses key areas of business administration and compliance across 77 jurisdictions - from...
It has been reported that unemployment in Malaysia has dropped by more than 90,000 in in June alone, following the reopening of the nation’s economy in May. In order for this trend to continue, more SMEs will  need to be provided with support in which to restart their business...
A recent survey by the SME Corporation Malaysia has revealed that SMEs continue to be adversely impacted by COVID-19. While the worst of the restrictions have been lifted and business begins to slowly pick up once again, only 17 percent of SMEs in Malaysia have reported that their businesses...
Survival is now the foremost priority of most SMEs in Singapore. The economic fallout that was caused by COVID-19 and the subsequent lockdowns may have left SMEs in a destitution, but the fight to claw their way back out is no less harrowing. While some owners have begun frantically diversifying...
RHB Bank Group has launched its RHB Financing (SME) mobile app, making it the first artificial intelligence powered “customer self-initiated” SME financing mobile app in Malaysia. The app aims to offer fast term loan rates without the need for collateral. In a recent statement, RHB said that its goal is...
The Association of Banks in Malaysia (ABM) and Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) understand that this would be a particularly anxious time for many businesses and families as they begin to find their feet financially as economic activity gradually resumes in Malaysia. In line with YAB...