MALAYSIA'S small businesses are still resilient during the economic downturn although more companies say they are severely affected, according to a government survey. The January-March survey done by Small and Medium Industries Development Corp (Smid...
THE government has formed a unit that will rate Malaysia's small businesses to help speed up the bank lending process. State-owned Corporate Guarantee Corp (CGC) has set up SME Credit Bureau (M) Sdn Bhd, which will compile the credit ratings of smal...
The government has budgeted one fifth of the RM67 billion stimulus packages for SME-related programmes.
This means that some RM12.5 billion are for small and medium enterprises (SMEs). They can use the money to fund working capit...
Economist: It’s just a matter of time because we are still in early stages of crisis
KUALA LUMPUR: Asia’s economies have not gone through the worst of the recession although several of its more open economies are already in one.
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Small companies can now get loans much faster under a new deal between banks and Credit Guarantee Corp Malaysia Bhd (CGC).
Standard Chartered Bank Malaysia Bhd (StanChart Malaysia), for instance, the first lender to sign with CGC, will process lo...
KUALA LUMPUR: While certain global and regional bourses have been going strong lately, economists and heads of research are not ready to call a bottom yet for the equity markets, including Bursa Malaysia Securities.
While a firm rebound in the sto...
KUALA LUMPUR: Human Resource Minister Datuk Dr S. Subramaniam said Wednesday that he would ask the Deputy Prime Minister to give employers a grace period before implementing the doubling of levy for foreign workers.
Minister Datuk Dr S. Subramaniam...
PUTRAJAYA: Some 26,000 jobs have been lost in the country since the global financial crisis blew up last September and nearly twice as many jobs could be shed this year as struggling manufacturers cut output, a senior government official said.
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MORE small and medium enterprises (SMEs) are expected to seek advice from business coaches and counsellors in the current economic climate, according to Small and Medium Industries Development Corp (Smidec) director of strategic planning Fozian Ismai...
PETALING JAYA, March 15 – The RM60 billion mini Budget might provide guarantees for local businessmen but it has also brought on a huge problem, crippling double levies for both new and existing foreign workers that keep Malaysian exports...
JOHOR BAHRU: The construction of a US$1.6 billion (RM5.92 billion) fully integrated stainless steel plant in Tanjung Langsat, Pasir Gudang will directly benefit the local economy, said Menteri Besar Datuk Abdul Ghani Othman here yesterday.
He said...
KUALA LUMPUR: Companies big and small found themselves recipients of the measures contained in the RM60bil mini budget, which focused on addressing the credit woes faced by the private sector.
In helping to overcome the tight credit market, the Gove...
KUALA LUMPUR : The Small and Medium Industries Development Corp (Smidec) expects 500 participants from local small and medium enterprises to attend the National Mark and Brand Entrepreneur conference, which will see successful companies awarded with ...
The government may provide more funds to small and medium enterprises (SMEs) under the second stimulus package, said International Trade and Industry Minister Tan Sri Muhyiddin Mohd Yassin.
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KUALA LUMPUR: Bank Negara Malaysia has announced a RM2 billion SME Assistance Guarantee Scheme (SAGS) to help SMEs finance their operations during the economic slowdown.
With the guarantee cover, SMEs should be able to get better access to ...
Citi cuts growth forecast for Malaysia
By Rupa Damodaran
Published: 2009/01/14
US Investment bank Citi has slashed its growth forecast for Malaysia's economy in 2009 to 0.5 per cent from 3.1 per cent, saying a recession is on the cards in ...
PUTRAJAYA: The government has pledged to help small and medium enterprises (SMEs) weather the worsening economic climate.
Deputy Prime Minister Datuk Seri Najib Razak said the relevant ministries had been directed to submit recommendations ...
