Tuesday, July 7, 2020
The Malaysia Digital Economy Corporation (MDEC) has rolled out the Micro and Small and Medium-sized Enterprises (MSMEs) e-commerce campaign, an initiative under the National Economic Recovery Plan (PENJANA). The campaign begins as of July 2020 and will last until the end of September 2020. In a statement today, MDEC said the...
Domestic tourism recorded double-digit growth in 2019, an increase of 11.5 per cent to RM103.2 billion compared to RM92.6 billion the year before, according to the Department of Statistics Malaysia. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the growth is attributed to an increase in expenditure by tourists and day-trippers, with...

Building an Online Brand

https://www.facebook.com/smemagazineasia/videos/293381251847865/ What is a business without a brand? To put it simply, very little. Branding is a way to give your business a “face.” It makes your business recognisable in a world where both successful and failing businesses are a dime-a-dozen. It goes without saying that consumers will often gravitate towards...
Malaysian Inbound Tourism Association to kick off virtual domestic tourism fair on July 1 The Malaysian Inbound Tourism Association (MITA) will organize a virtual travel fair in a bid to restart domestic tourism. The 15-day MITA Cuti-Cuti Malaysia eTravel Fair will be held from 1 to 15 July. MITA President Uzaidi...
https://www.facebook.com/smemagazineasia/videos/295791488264928 With the number of COVID-19 cases decreasing, businesses are eager to get back to work. However, the post-COVID-19 period brings with it its own set of challenges. Customers remain wary of the dangers posed by COVID-19, and consumer spending is still heavily skewed towards e-commerce and online retail. The...
While Malaysia’s debt-to-gross domestic product (GDP) ratio may hit the 55 percent statutory limit by year-end, the Malaysian Industrial Development Finance (MIDF) group managing director Datuk Charon Wardini Mokhzani said that the cap is”self-imposed” and can be changed through parliament if the need to ensure the well-being of the...
World Bank: Malaysia can be high-income nation within 10 years The World Bank said that Malaysia could graduate from being a middle-income nation to a high-income country within 10 years’, but would need to carry out six major reforms, including by creating high-paying jobs and having more women join the...
The World Bank and the International Monetary Fund (IMF) has revised their economic forecasts for Malaysia to account for a larger year-on-year contraction than previously estimated.The World Bank said in its June 2020 Malaysia Economic Monitor that Malaysia’s economy, as measured by gross domestic product (GDP), is...
By Raymond Siva, CMO at MDEC Success today requires the agility and drive to constantly rethink, reinvigorate, react and reinvent. – Bill Gates Time and again, the traits of agility and innovation resurface in expert discussions, forcing SMEs to ask how best to survive the recent upheaval as the world tries...
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the country’s debt level could hit the statutory limit of 55 per cent of gross domestic product at the end of the year from 52 per cent currently following the implementaion of measures to save lives, protect livelihoods and stimulate...
The way we shop is changing and how we pay is evolving. As COVID-19 alters our daily lives, consumers in Asia Pacific are rapidly going digital with purchases of everything from groceries to movies in a shift that looks set to become a permanent habit after the pandemic passes. E-commerce...
SME Bank is implementing several initiatives as part of its digital transformation programme, in line with the government's economic stimulus packages to help small- and medium-scale enterprises (SMEs) weather the Covid-19 crisis. They include up to RM2.1 billion in funds allocated for the SME Go scheme and...

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