Tengku Zafrul said the value of the 100% exemption on export duties for the palm oil-based industry which had been utilised by the national industry until Dec 4 was worth RM373 million, an increase from RM325 million last week. “Among other initiatives to support the tourism sector are the individual income tax relief of up to RM1,000 on travel expenses as well as a full tourism tax exemption; both of which will run until June 30, 2021,” he said. Malaysian SME adversely affected by COVID-19; Registered with the Companies Commission of Malaysia (SSM)/authorities/district offices in Sabah and Sarawak or … The financing facility will be made available in mid-June 2020 with a maximum loan size of RM500,000 per SME. GERAK INSAN GEMILANG (GIG) PURSUE. CHOOSE YOUR CATEGORY. KUALA LUMPUR (Dec 16): The Government has approved 5,397 loan applications from small and medium enterprises (SMEs) worth RM1.072 billion to support businesses under the PENJANA SME Financing Scheme as at Dec 4, 2020. For the Wage Subsidy Programme, he said a total of RM12.55 billion had been spent as at Dec 4, 2020 to help 322,177 employers continue business and retain a total of 2.64 million employees. Our main objective is to sustain business operations and assist SMEs … PROGRESS. KUALA LUMPUR:The government has approved 4,727 small and medium enterprise (SME) applications valued at RM996.9 million to propel businesses under the PENJANA SME Financing as at Nov 6, 2020. For The Duration Of: April 2020 – September 30, 2020. : drone delivery, autonomous vehicles). What It Is: An individual income tax exemption of up to RM5,000 to an employee who receives a handphone, notebook, and tablet from their employer. What It Is: The wage subsidy programme will be extended for a further 3 months with a subsidy of RM600 per employee for all eligible employers. What It Is: An online one-stop business advisory platform for micro enterprises and SMEs to enhance the outreach of the existing physical SME hub. Objective: To encourage innovation and creativity that can propel the digitalisation of service delivery. Vulcan Post creates content to make smarter consumers and inspired entrepreneurs. Objective: To assist SMEs adversely impacted by COVID-19 in order to sustain business operations. EMBRACING CHANGE. This financing facility, with an emphasis to finance new SME customers to Banks, will be made available in mid-June 2020 with a maximum loan size of RM500,000 per SME … Objective: To provide guidance and facilitate the recovery process for micro enterprises and SMEs. Eligible SMEs can apply for a … Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the Government had also received 519 applications from SMEs for the PENJANA Tourism Financing Scheme, out of which 236 applications worth RM47.6 million were approved. Co. Regn. What It Is: With the increasing number of Malaysians working from home, SOCSO will provide coverage for workers involved in accidents while working at home under the Employment Injury Scheme. What It Is: The government is encouraging GLCs and large corporates to accelerate their vendors’ payment terms. HLB Invites SMEs to Apply for PENJANA SME Financing Scheme Application is now open and eligible SMEs can receive up to RM500,000 financing at 3.5% p.a to facilitate their business … What It Is: ACA will be given for qualifying capital expenses incurred on machinery and equipment, including Information and Communications Technology (ICT) equipment. These are the ways in which PENJANA can assist the startup ecosystem. KUALA LUMPUR, Sept 22 — The PENJANA SME Financing for small and medium enterprises (SMEs) affected by COVID-19 has approved 2,556 applications with a total value of … Like what you read? Here’s A Breakdown Of All 19 PENJANA Tax Reliefs & Funds For Startups And SMEs, The cost of personal protective equipment (PPE). To “Dress Beautifully Again”, Here Are 10 M’sian Baju Kurung Designers You Can Buy From, These M’sians Really, Really Want To Fix Our Potholes—Even If It Makes Authorities Unhappy. people and ideas, and keep you up-to-date on technology. Follow us on Facebook. KUALA LUMPUR (Dec 16): The Government has approved 5,397 loan applications from small and medium enterprises (SMEs) worth RM1.072 billion to support businesses under the … Lending organizations under Akta Pemberi Pinjaman Wang 1951 to provide moratorium for SME installments for 6 months Abolishing the 2% interest rate under the Micro Credit Scheme provided by BSN (Bank Simpanan Nasional) TEKUN Nasional to provide an easy loan … Special Tax Deduction On Costs Of Renovation & Refurbishment. 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