Medac to allocate RM1.6 mil for asnaf entrepreneurs affected by Covid-19, floods

KUALA LUMPUR – The Ministry of Entrepreneur Development and Cooperatives (Medac) has allocated RM1.6 million for its special tithe fund, which will be distributed by agencies under the ministry to asnaf entrepreneurs affected by Covid-19 and floods. Minister Tan Sri Noh Omar said the distribution of aid collected from various agencies under Medac is aimed […]

7 tips on how to start your own business

Recent years have seen a trend in women wanting to start their own businesses, said Michelle Hon, the founder of MomBoss Academy, which coaches mothers on how to build their own businesses. Some of them (or their partners) lost their jobs because of the pandemic and needed additional income sources, while others were now able […]

Malaysian F&B enters German market with Go Asia

MALAYSIAN homegrown food and beverage (F&B) companies have entered the Germany market through Asian supermarket Go Asia. Go Asia has 31 branches located throughout Germany, and will be a platform for these Malaysian companies to promote their products in the European region. “These Malaysian F&B players have developed competitiveness and unique niches, including qualifying themselves […]

Malaysia ties up with 17 Arab countries on SME development

SME Corp Malaysia seeks to establish a memorandum of understanding (MoU) with two of its counterparts, namely the SMEs Development Agency of Oman and the Small Enterprise Development Fund of Yemen to strengthen bilateral relations related to the development of small and medium enterprises (SMEs). CEO of SME Corp Malaysia Rizal Nainy (picture) informed that […]

Boost offers fast tracked Shariah-compliant financing for MSMEs

THE Fintech arm of Axiata Group Bhd, Boost offers up to RM100,000 to micro, small and medium enterprises (MSMEs) through Capital Plus, financed through its market leading digital lending subsidiary Boost Credit (formerly Aspirasi). Capital Plus is a Shariah-compliant micro-financing facility based on Commodity Murabahah, ideal for MSMEs. It offers financing from as low as […]

Business owners need automation, AI training, SME associations say

SME Association Malaysia president Ding Hong Sing said without government support, SMEs would not be able to adopt and use digitalisation in their businesses. He suggested that the government hire foreign experts to train industry players. “If you want SMEs to be able to use IR4.0 or high-end digital technology, the government should train micro […]

RM1,500 minimum wage will kill small businesses, says MEF

The Malaysian Employers Federation (MEF) said the proposed increase in the national minimum wage to RM1,500 will kill businesses, which are still in economic recovery mode.  In a statement today, MEF president Syed Hussain Syed Husman said most businesses were not in a position to implement the proposed new minimum wage because they were still […]

IDC unveils its top ICT predictions for 2022

The impact brought by the pandemic on the economy and the way organisations have to react quickly to changes continues to be the reasons why digital transformation remains at the forefront for Asean organisations, according to IDC.  n a statement, the research firm said the motivation for the future enterprises of Asean to be successful […]

Six trends that will shape digital commerce in Malaysia in 2022

As digital touchpoints continue to expand and blend across all aspects of life, in the future we imagine that buying will happen independently from a store, and our entire world will become a marketplace. This means you’ll be able to make purchases wherever is convenient on the channel you prefer, instead of monitoring for an […]