MSMEs

Datuk Seri Anwar Ibrahim says MSMEs had requested an exemption from the dividend tax, arguing that they differ from listed companies.

The government is called upon to provide suitable incentives for businesses, particularly micro, small, and medium enterprises.

As we’ve seen, MSMEs are the backbone of our economy, and their success is crucial for economic stability and growth. Pantau Belanjawan will delve into the complexities of lending to MSMEs, the varying risk appetites of banks, and the critical need for supportive policies and systems. The key questions we must continue to address are how can we develop innovative solutions that bridge the financial gap and support the growth of MSMEs? Full discussion with Partner AC Ventures.

DoSM said the services sector led with 936,793 establishments, followed by construction with 69,015 and manufacturing with 51,481.

Datuk Seri Amir Hamzah Azizan said MSMEs only have to submit the e-Invoices to LHDN within the first seven days of the following month.

The Yang di-Pertuan Agong has welcomed the aim to transform Malaysia into a high-income nation through the empowerment of the role played by the private sector as well as the MSMEs.

Mohd Zuki said MSMEs, the backbone of most APEC economies, representing an estimated 95 pct of global businesses, is the region's growth engine.

The tax cuts for MSMEs next year will help ease their cost of doing business, ACCCIM president Tan Sri Low Kian Chuan said.

The tax rate for MSMEs for the first RM100,000 in taxable income will be reduced from 17 pct to 15 pct.

MSMEs make up 97.44 per cent of all businesses in Malaysia, but can more be done to help youth and women entrepreneurs flourish?

Mohd Shahar explained that sectoral activities included capital raising and the financial inclusion of micro, small and medium enterprises.

Government business facilitation agencies need to continue to help micro, small and medium enterprises (MSMEs) sustain their recovery post-pandemic, Tengku Zafrul said.

Tengku Zafrul urged CGC, banks and financial institutions to look for ways to strengthen the MSMEs, especially in embracing the ESG principles.

MEDAC is in the midst of identifying micro, small and medium enterprises as well as entrepreneurs under the ministry who have been affected by the floods in Baling.

The initial zero tariffs among RCEP nations is already a significant step and could have a tremendous impact on MSMEs, Azman said.

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