Penang expects to reduce or exempt assessment rates for 1,467 NPOs
GEORGE TOWN (Sept 24): The Penang state government is expected to reduce or exempt the annual assessment rates for 1,467 non-profit organisations (NPOs) totalling RM2.
SME Bank absorbs RM3.45 mil rental fees to assist SMEs affected by COVID-19
KUALA LUMPUR (Sept 11): A total of 230 tenants of SME Bank’s Entrepreneur Premises Complex are now exempted from paying the rent during the moratorium period from April to September 2020 as SME Bank has taken the initiative to absorb the rental cost.
Post Covid-19: Thailand proposes setting up Asean SMEs Recovery Facility
BANGKOK (Sept 10): Thailand has proposed to set up Asean Small and Medium Enterprises (SMEs) Recovery Facility for post-Covid-19 recovery in the region.
Govt ready to assist SMEs in resuming business activities
KOTA KINABALU (Aug 10): The government is ready to assist small and medium-sized enterprises (SMEs), including micro entrepreneurs in restarting their business activities to ensure that the country is on track to achieve its economic recovery target next year.
Maybank offers three channels for customers to apply for post-moratorium Repayment Assistance Packages
KUALA LUMPUR (Aug 7): Malayan Banking Bhd (Maybank) has announced that it is offering three options for customers to apply for Repayment Assistance Packages from today.
Local government authorities can help state governments by revising assessment rate every five years – Zuraida
KUALA LUMPUR (Aug 6): Local government authorities (PBT) can help state governments to plan and carry out more development in their respective areas if the assessment tax is revised every five years, the Dewan Rakyat was told today.
PENJANA's tourism financing scheme now open for application
KUALA LUMPUR (July 31): The tourism sector’s financing scheme worth RM1 billion under the National Economic Recovery Plan (PENJANA) is now open for application.
FMM hails targeted loan moratorium extension, reiterates call for more assistance to businesses
KUALA LUMPUR (July 30): The Federation of Malaysian Manufacturers (FMM) has called on banks to consider making the process for the restructuring of loan repayments be made simple and seamless, given it is based on the individual banks’ commitment and not a directive from the government.
Penang South Reclamation can't go ahead till it gets environmental management approval — minister
KUALA LUMPUR (July 23): The developer of the Penang South Reclamation project cannot start work on the site until it secures an Environmental Management Plan (EMP) that is approved by the Ministry of Environment and Water, says Minister Datuk Tuan Ibrahim Tuan Man (pictured).
Provide cash grants to help ease SME's rental burden
KUALA LUMPUR (July 22): The International Strategy Institute (ISI) has suggested that the government provide cash grants for eligible small and medium enterprises (SMEs) in order to help ease their burden on mounting rental arrears that potentially could lead to bankruptcies.
