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KUALA LUMPUR, Aug 9 (Bernama) -- The Entrepreneur Development Ministry will implement a rationalisation process on all agencies engaging with entrepreneurs and small and medium enterprises (SMEs) to avoid duplication and financial wastage as well as reduce bureaucracy.  Deputy Minister Dr Mohd Hatta Md Ramli said the establishment of Bumiputera entrepreneur development units in all ministries had seen the creation of 120,625 Bumiputera entrepreneurs from 2014-2017 or 30,000 a year “In 2015, out of 920,624 local SMEs, 354,699 or 38.5 per cent were Bumiputera companies. 

 

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KUALA LUMPUR, Aug 7 (Bernama) -- The Government will increase the annual sales threshold for eligibility to register for the Sales Tax to RM500,000 annually under the Sales and Tax Service Tax (SST) from RM100,000 previously. Finance Minister Lim Guan Eng said the annual turnover threshold of RM500,000 would also apply to manufacturers who carried out sub-manufacturing activities, for which the annual sales threshold was at RM20,000 before.

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IPOH, Aug 7 (Bernama) -- Investments worth RM249.8 million has been approved in Perak in the first quarter (Q1) of this year, based on the latest information from Malaysian Investment Development Authority (MIDA). State Investment and Corridor Development Committee Chairman Datuk Seri Mohammad Nizar Jamaluddin said out of the total, some RM235.7 million was from local investments while the remaining RM14.1 million constituted foreign investments.

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KUALA LUMPUR, August 6 (Bernama) -- The government will continue to take proactive measures to increase foreign direct investments (FDI) by giving more attention to high-quality investments which can stimulate the economy. Deputy International Trade and Industry Minister Dr Ong Kian Ming said as a country moving towards developed nation status, focus would be given to high-quality and high-technology investments, as well as reducing the dependency on foreign labour. 

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IN EFFORTS to accelerate the growth of equity crowdfunding (ECF) in Malaysia, Ata Plus recently launched its Discourse Series to provide an avenue for entrepreneurs, investors and other players in the ecosystem to interact and exchange viewpoints.

“The ECF industry is still in nascent stage of development, and such initiative, not only helps raise awareness and understanding, but also improves the effectiveness and efficiency of the industry,” said Kyri Andreou, co-founder and director of Ata Plus.


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Isnin, 06 Ogos 2018 09:53

New incubator for the F&B industry

GALEEVEURS Group recently launched Malaysia’s first integrated F&B incubator ecosystem to help groom and build the next generation of F&B operators.

“By positioning ourselves as the first integrated F&B incubator ecosystem, we hope that F&B legacies will be sustained using this ecosystem,” said Datuk Henry Lee, founder and chief executive officer of Galeeveurs Group.

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ALIBABA Business School has announced the establishment of the Global E-Commerce Talent (GET) Network, in collaboration with universities and training institutions from Malaysia and around the world....

SINGAPORE: Anthony Tan knew it was not going to be your usual business meeting when the taxi fleet boss he had arranged to meet in the Philippines entered the restaurant surrounded by burly bodyguards.

“I remember thinking, Manila is hot, why is everyone wearing a jacket and sunglasses at night? What is going on?” said Tan, co-founder and chief executive officer of Singapore-based Grab, Southeast Asia’s most valuable tech start-up....

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Isnin, 30 Julai 2018 10:54

Digital is the way to grow

USERS spend an average of 14 hours on their smartphone daily, which provides a great opportunity for businesses to reach out to their customers via their mobile devices.

Digi Business Division chief business officer Eugene Teh Yee said small and medium enterprises (SME) need to go digital if they want to grow.

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Jumaat, 27 Julai 2018 10:52

Sumbangan sektor francais diunjur RM35b

Kerajaan mengunjurkan sumbangan sektor francais kepada Keluaran Dalam Negara Kasar (KDNK) me­ningkat RM35 bilion pada 2020 berbanding RM27.7 bilion ketika ini...

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