Small and Medium Enterprises Association of Malaysia (SAMENTA) is alarmed with the recent announcement of a hike in electricity bill for commercial and industrial users. The hike, described as a ‘surcharge’ under the Imbalance Cost Pass-Through mechanism, can be called by whatever name, but it is going to hamper the...
The Malaysian Rubber Glove Manufacturers Association (MARGMA) expects export revenue from the rubber gloves industry to hit RM20.68 billion in 2020. Its president Denis Low said the sentiment was based on the higher global demand with Asia and Africa emerging as the next biggest growth for Malaysia's rubber gloves...
At its meeting today, the Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to reduce the Overnight Policy Rate (OPR) to 3.00 percent. The ceiling and floor rates of the corridor for the OPR are correspondingly reduced to 3.25 percent and 2.75 percent respectively. The global economy continues to...
Highlights: PM announced slew of political, economic and administrative changes 2019 budget to be based on average oil price assumption of US$70 per barrel Economy to be reinforced, attract investment and innovation - Tun M MPM asks government to get more SMEs to pay tax UOB sets up Southeast...
138 Malaysian SMEs win the prestigious SME100 Awards amidst strong recovery As the Malaysian economy recovers from the Covid-19 pandemic, a record number of 138 SMEs from over 800 nominations, received the SME100 Awards, organised by SME Magazine and the Small and Medium Enterprises Association of Malaysia (SAMENTA).  The SME100 continues...

Newsfeed: 5 March 2019

Headlines: Bank Negara maintains OPR at 3.25 pct Khazanah posts loss of RM6.27b in 2018 China lowers 2019 GDP growth targe Mastercard Unveils the Top Trends to Watch in the Muslim Travel Market German carmakers to invest 60 billion euros in electric cars and automation World's biggest floating solar...
Manufacturers, including small and medium enterprises (SMEs) have appealed to the government to allow them to operate under strict if the current Movement Control Order (MCO) is extended beyond 14 April. SME Association of Malaysia president Datuk Michael Kang hoped that all SMEs be allowed to operate but under...

News Desk: 23 April 2019

Highlights: Malaysia-China ties set to enter new era Heng Swee Keat promoted to DPM in Singapore’s Cabinet reshuffle FMM, Singapore Manufacturing Federation ink business cooperation MoU New law to provide SOCSO coverage for housewives Government mulls amending Employment Act 1995 to protect domestic workers New earthquake strikes Philippines as...
Highlights:   IGP says Jho Low's arrest needs to be verified Malaysia to negotiate for deferment of HSR project FMM to bring concerns on SST with Customs Business optimism in Malaysia leaps 24 pp in Q2 MIDA urges local firms to seize opportunities in F&B industry E-recruitment in Malaysia sees...
Cathay Pacific CEO Rupert Hogg resigns in midst of Hong Kong protest controversy Cathay Pacific CEO Rupert Hogg resigned on Friday, ending a stormy week for the Hong Kong flag carrier after it was rebuked by Beijing over the participation of some of its employees in the city's festering anti-government...
COVID-19 Economic Impact Could Reach $8.8 Trillion Globally — New ADB Report The global economy could suffer between $5.8 trillion and $8.8 trillion in losses—equivalent to 6.4% to 9.7% of global gross domestic product (GDP)—as a result of the novel coronavirus disease (COVID-19) pandemic, says a new report released by...
Headlines: Moody’s cuts Malaysia 2019, 2020 GDP growth forecasts Genting Malaysia confirms Equanimity purchase for RM514.6mil MyPITCH@MIHAS 2019 focuses on technologies in halal industry Grab to double Singapore staff to 3,000 Large manufacturing companies in Asia Pacific Could lose US$10.7 million due to a Cyberattack Singapore turns away 50...

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