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PUTRAJAYA, Oct 22 (Bernama) -- The tabling of the 2019 Budget will give clear indications to investors on the government’s economic development plan for next year, said Deputy Economic Affairs Minister Dr Radzi Jidin. He said the tabling of the Mid-Term Review of the 11th Malaysia Plan report last Thursday had illustrated the economic direction of the new administration.

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KUALA LUMPUR: Penekanan khusus bidang keusahawan sosial di Malaysia mampu menjadi instrumen penting bagi merapatkan jurang antara pendapatan isi rumah, pengagihan kekayaan dan isu sosial kumpulan berpendapatan rendah (B40). Pengerusi Yayasan Forum Ekonomi Islam Dunia (WIEF), Tun Musa Hitam, berkata ia bukanlah model perniagaan yang baru namun ia adalah kaedah sedang berkembang yang mula diterima secara pesat di seluruh dunia.

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KUALA LUMPUR, Oct 21 (Bernama) – The Ministry of Entrepreneur Development (MED), which was set up on July 2, 2018, is formulating an inclusive and competitive National Entrepreneurship Policy following the tabling of the mid-term review of the 11th Malaysia Plan by Prime Minister Tun Dr Mahathir Mohamad on Oct 18. In a statement today, the ministry said this is a new agenda in the comprehensive and integrated development of entrepreneurs, with a focus on the B40 income group and social entrepreneurs and aimed at uplifting the people’s standard of living.

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Monday, 22 October 2018 09:57

Ongoing support for SMEs crucial

Right incentives and policies can boost the bedrock of country’s economy

GROWTH is seen to be slowing. Earlier, Bank Negara lowered Malaysia’s economic growth forecast for 2018 to 5% from its earlier estimate of 5.5% to 6%. Be­tween 2018 and 2020, economists are expecting gross domestic product (GDP) growth to be in the range of 4.5% to 5.5%, against the ear­lier fore­cast of 5% to 6%. Amidst tightening measures and unfavourable external factors such as a full-blown trade war, ensuring a stronger SME sector is crucial in strengthening the economy.

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SIPITANG, Oct 21 (Bernama) -- Sipitang will soon have its own development blueprint to drive its socio-economic development in tandem with the state’s long-term industrial plan. Sindumin assemblyman Datuk Dr Yussof Yacob said the district, which currently houses urea plants, could have been better with consistent and concerted efforts to develop the district. He stressed Sipitang has a strong potential to be another industrial region in Sabah with necessary infrastructures being in place.

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SOUTH Korea tops the region in terms of entrepreneurship environment with a score of 54%, according to the recently released Global Entrepreneurship Index. The country jumped three spaces up from last year. The tech giant has been ahead when it comes to producing new technologies and introducing new products to customers.


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Friday, 19 October 2018 09:42

MITI mulls boosting B40 income via trade

KUALA LUMPUR, Oct 19 (Bernama)  -- Trade, including e-commerce, can be a potential strategy to boost the income of the Bottom-40 (B40) household income segment, especially among the hardcore poor and at risk groups, says the Ministry of International Trade and Industry (MITI).

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KUALA LUMPUR, Oct 19 (Bernama) -- The government will continue to stimulate the country's  economic activities with focus placed on knowledge-intensive service sectors, accelerating innovation and technology adoption, says Prime Minister Tun Dr Mahathir Mohamad.

 

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KUALA LUMPUR, Oct 18 (Bernama) -- The Malay Consultative Council (MPM) has proposed the introduction of a short-term measure to increase revenue in Budget 2019 by getting more companies, especially small and medium enterprises (SMEs) and mid-level companies, to become eligible corporate taxpayers.

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KUALA LUMPUR, Oct 18 (Bernama) – Prime Minister Tun Dr Mahathir Mohamad says the Malaysia External Trade Development Corporation (MATRADE), being the nation’s trade promotion agency, should employ more big data to help local entrepreneurs produce the right kind of goods and services needed by the world.

“Information is what drives the economy. You have more information, the better you are because data is what contributes towards decision-making,” he said in a recent interview with BERNAMA in Kota Kinabalu in conjunction with the impending publication of a commemorative book celebrating MATRADE’s 25th anniversary.

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