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KUALA LUMPUR: Malaysia’s financial technology ecosystem has grown tremendously over the past two years, but Malaysians continue to be sceptical over the use of technology to conduct their financial transactions. Malaysian Digital Economy Corporation (MDEC) Chief Operating Officer Datuk Ng Wan Peng said the adoption of cashless payments, especially among small and medium enterprises (SMEs), is still relatively low.

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SUBANG, Oct 2 (Bernama) -- Prime Minister Tun Dr Mahathir Mohamad is confident that Malaysia will return to the bygone era of being known as an Asian Tiger as new foreign investments start flowing into the country. His optimism was based on the outcome of recent meetings held with world leaders including foreign investors in the United States (US) and United Kingdom (UK).

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Tuesday, 02 October 2018 14:49

Bright future for data professionals - MDEC

KUALA LUMPUR, Oct 2 (Bernama) -- Job opportunities in the field of big data are expected to exceed the country’s target of producing 20,000 data professionals by 2020, said Malaysia Digital Economy Corporation (MDEC) chief executive officer Datuk Yasmin Mahmood.

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PUTRAJAYA, Oct 2 (Bernama) — The Entrepreneur Development Ministry today launched the One-Stop Entrepreneur Development Centre (PSK) that will store data, collect feedback, and give advice to entrepreneurs. Minister Mohd Redzuan Md Yusof said the centre will function as a mobile exhibition centre and facilitate efforts to develop entrepreneurs in Malaysia.

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Monday, 01 October 2018 14:21

Making things easier for SMEs

RHB Banking Group is on a mission. Its head of group business and transaction banking Jeffrey Ng says it wants to make life easier for SMEs.

This focus has helped the bank in its journey towards becoming among the top three banks for SMEs in Malaysia in terms of market share.

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KUALA LUMPUR, Sept 30 (Bernama) — The Finance Ministry with the cooperation of the Royal Malaysian Customs Department (RMCD) will open information counters on the Sales and Service Tax (SST) beginning October 2 at the Federal Territory Customs Complex in Kelana Jaya. The move is to facilitate stakeholders from various trade and industry sectors provide feedback or air complaints related to the SST implementation.

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KUALA LUMPUR, Sept 28 (Bernama) -- Malaysia is seeking for more high-quality investments from South Korea, especially in areas of automation, green technology and robotics, said Deputy International Trade and Industry Minister Dr Ong Kian Ming today. He said more joint-ventures between local and South Korean companies would be sought to help Malaysia move up the global value chain.

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ALOR GAJAH, Sept 29 (Bernama) – The Ministry of Entrepreneur Development is targeting to boost the small and medium enterprise (SME) sector’s contribution to the nation’s Gross Domestic Product (GDP) to 42 per cent next year from the current 37 per cent. Its Minister, Mohd Redzuan Yusof said although the target was not very encouraging, the ministry was confident that it could be achieved if SME entrepreneurs were to start preparing themselves, especially in facing the fourth industrial revolution (Industry 4.0).

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PUTRAJAYA, Sept 25 (Bernama) -- Small and medium enterprises (SMEs) are urged to make use of the financing available from Bank Negara Malaysia’s (BNM) Funds for Small and Medium Enterprises. Finance Minster Lim Guan Eng said there were still RM3.9 bilion of funding available and SMEs should take the opportunity to harness the financing available to grow their businesses.

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KUALA LUMPUR: Malaysia will take cautious steps to prevent product dumping in the local market created by the diversion from the trade wars, International Trade and Industry Minister Darell Leiking said. He said the ministry was aware of the possibility of import product dumping in the local market as global traders seek to elude the US-China trade war.

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