Thursday, June 4, 2020
Deputy Minister of International Trade and Industry, Datuk Lim Ban Hong has urged local companies to capitalise on digitalisation and e-commerce to build a global brand name in the “new normal” following the Covid-19 pandemic. “The Covid-19 outbreak has led to unprecedented changes to our way of...
The SME Association has suggested that a special purpose vehicles take over the role of commercial banks in disbursing the Special Relief Fund (SRF) meant for businesses.Malaysian SME Association national president Datuk Michael Kang said that Bank Negara should disburse the SRF through a special purpose vehicle...
India has announced plans to spur small and medium businesses as part of a $266bn economic package. These include an emergency credit line of collateral-free loans worth $40bn to "resume business activity and safeguard jobs" in the wake of India's lockdown to curb coronavirus. Finance Minister Nirmala Sitharaman said...
In a bid to assist local entrepreneurs affected by the Covid-19 pandemic, the Entrepreneur Development and Cooperatives Ministry has submitted 19 new programmes and initiatives to the Finance Ministry for special attention. Entrepreneur Development and Cooperatives Minister Datuk Seri Wan Junaidi Tuanku Jaafar said the initiatives were...
During a time of economic hardship due to COVID-19, Tesco Stores Malaysia seeks to inspire hope by shining a spotlight on its local SME suppliers that are bringing in many seasonal delicacies for customers to enjoy this holiday season. “Tesco had long been a big supporter of local SMEs and...
Alibaba.com Organises First Online Summit in Malaysia to Help Malaysian SMEs Navigate Post-COVID-19 WorldAlibaba.com, a leading business-to-business (B2B) platform for global trade, will be organising its first online summit via livestreaming aimed at helping Small and Medium Enterprises (SMEs) in Malaysia prepare for the post COVID-19 recovery....
As the COVID-19 pandemic continues to be the bogeyman of nations and economies throughout the world, global tech firm Alibaba Group has reaffirmed its commitment to expand its logistics operations to support COVID-19 relief aid and strengthen Malaysia as a leading trade and transhipment hub in the region. Earlier in...
Malaysia's Q1 GDP growth slows to 0.7 per centMalaysia’s economy grew moderately at 0.7 per cent in the first quarter of 2020 from 4.5 per cent in the same quarter last year, as gross domestic product growth was affected by the Covid-19 pandemic and the implementation of...
Business Events Council Malaysia appeals to Government to distinguish between business events and mass gatherings in order to restart crucial sectorThe Business Events Council Malaysia (BECM) is appealing to the Malaysian Government to make a clear distinction between business events and mass gatherings with a view to...
Recently, Malaysian Prime Minister Muhyiddin Yassin announced that businesses throughout almost all economic sectors would be allowed to operate from 4 May onwards. This includes the F&B industry, which has so far managed to get by fairly well during the MCO period. The loosening of restrictions on business has...
Malaysia has extended the existing conditional movement control order (CMCO) for another 4 weeks to June 9. Prime Minister Tan Sri Muhyiddin Yassin announced this in his special address Sunday. He pointed out that despite achieving several positive results throughout the movement control order (MCO) imposed since...
Malaysia's Prime Minister Tan Sri Muhyiddin Yassin has just announced an extension to Malaysia's CMCO. This new phase of enforced movement control will now last until 9 June. Throughout the current phase of the CMCO period, up to 43 percent of Malaysia' workforce (approximately 6.64 million workers) have returned to...

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