Sunday, August 1, 2021
As global recession looms, Asian businesses are tightening their credit management processes in a bid to minimise bad debt risks. With COVID-19's impact on supply chains and trade, the use of trade credit has soared. Payment delays have led to suppliers using such credit tools to guarantee their cash flow. According...
2020 has not been kind to businesses around the world. With the exception of a handful of industries, sales and revenue have been in decline; thanks to the Covid-19 pandemic. The retail industry in particular has been hit rather hard. The global retail industry will suffer a 3.5 percent...
Agriculture remains as a key part of the Malaysia’s economy and export output. Thanks to the Covid-19 pandemic which has plagued the majority of 2020, the adoption of more efficient technology has been at the forefront of the sector. As such, the agriculture and plantation sector is expected to...
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...
Bank of the Philippine Islands (BPI) and its microfinance arm, BPI Direct Banko, Inc. foresee an increase in lending to micro-entrepreneurs and SMEs, after the two signed a partnership deal with Philippine Guarantee Corp. (Philguarantee) on 5 August 2020. This made BPI the first bank to sign with Philguarantee. Under...
Malaysia’s unemployment rate has improved steadily this year to 4.5 percent according to the Department of Statistics in May 2021, as vaccination across the country ramps up. This contrasts quite significantly to the all-time high of 5.3 percent a year ago during the first movement control order (MCO 1.0). With...
Recently, OneSME, a cross-border digital trade platform for SMEs in Singapore and China, was launched in order to facilitate trade more easily between SMEs of the two nations. OneSME will connect business-to-business (B2B) platforms in the two countries to help local SMEs expand their overseas reach and tap significant demand...

The Return of MCO

Many people’s worst fears have come true as Malaysia’s Prime Minister Muhyiddin Yassin announced the reinstatement of the movement control order (MCO) lockdown measures. Fortunately, this reinstatement only covers select states and federal territories that have experienced the worst of the resurgent Covid-19 outbreak. The remaining states will continue...
As the COVID-19 vaccination program rolls on, many employers will have a strong case for requiring employee vaccinations. Currently, countries that have COVID-19 vaccination programs are on a voluntary basis - that is, countries cannot compel their citizens to be vaccinated. They can only 'strongly encourage' them. But can employers...
According to Malaysia’s Finance Minister, Tengku Datuk Seri Zafrul Abdul Aziz, the government is committed to continue the efforts to help the country’s SMEs on their path to recovery amidst the post-COVID era in the upcoming Budget 2021. Building upon the foundations laid by the Prihatin Rakyat Economic Stimulus Package...
Hotels are mostly associated with the tourism industry. Therefore, when the COVID-19 pandemic hit, everyone was talking about how hard tourism and hotels have been hit economically. However, the challenges being faced by the events and wedding industry have not been getting as much attention. Recently, wedding planners and venue...
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...

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