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FROM Dr Rais Hussin & Jason Loh Seong Wei are part of the research team of EMIR Research, an independent think tank focused on strategic policy recommendations based on rigorous research.
KUALA LUMPUR: The micro, small & medium enterprises sustained RM40.70b losses in 2020 due to nationwide lockdown to curb the Covid-19 pandemic, the Ministry of Entrepreneur Development and Cooperatives (MEDAC) said.
KUALA LUMPUR: The Ministry of Entrepreneur Development and Cooperatives (MEDAC) today submitted a proposed Enhanced Standard Operating Procedures (SOPs) to the government to help speed up the opening of the micro, small and medium enterprises (MSME) sector, particularly the FCLO (First to Close Last to Open) category, safely.
KUALA LUMPUR: SME Corporation Malaysia and Malaysian Industrial Development Finance Bhd (MIDF) have launched the SME Revitalisation Financing (SMERF) scheme for small businesses severely impacted by the pandemic.
KUALA LUMPUR: The Ministry of Entrepreneur Development and Cooperatives (MEDAC) through the Cooperative Commission of Malaysia (SKM) has extended the deferment period of repayment facility for the Malaysian Cooperative Commission Revolving Capital Fund (TMPSKM) until November 2021.
KUALA LUMPUR: The micro and small and medium enterprises (MSME), which account for 40% of the country’s GDP, is on the brink of collapse if the restrictions on business operations continue indefinitely.
KUALA LUMPUR: SME Bank unveiled its RM3bil sustainability sukuk wakalah programme which will focus on six initial key sectors of energy, manufacturing, transport, building, waste and water.
KUALA LUMPUR: The Ministry of Entrepreneur Development and Cooperatives (MEDAC) and its agencies are offering moratorium and other targeted assistance with an estimated value of RM746.79 million for the Small and Medium Enterprises (SMEs) to help cushion the impact of the nationwide lockdown order.
THE importance of entrepreneurship has magnified in today’s economic landscape. It introduces a crucial element of dynamism, particularly into an economic system. Entrepreneurs are often regarded as national assets mainly because they contribute in terms of innovation and jobs, as well as improve the conditions for a prosperous society.
THE number of new registered companies surpassed the number of company closures last year despite the Covid-19 pandemic, signifying entrepreneurs’ ability to keep up with the trend and new norm as well as adapt technology, says Entrepreneur Development and Cooperatives Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar.