Local businesses greatly benefit from Retail-X, Deep-X initiatives launched by state

Sidec chief says move will let local businesses participate in global supply chains, not sidelined by multinationals

The platform is an example of how government and DFIs collaborate to advance the nation’s economic development objectives while empowering SMEs

This year, focus will be on exploring new markets, especially those from overseas

Declining demand for Malaysian goods in US may affect profits, investments, operations, but exports can grow if local SMEs are actively involved in supply chain

Focus to be on assisting high-growth, high-value sectors like semiconductor industry

By Yasmin Ramlan  KUALA LUMPUR, July 3 — Selangor is positioning itself as a regional hub for innovation and growth by building a vibrant digital and entrepreneurial ecosystem, said state executive councillor for investment, trade, and mobility Ng Sze Han. The state government continually...

SINGAPORE, July 3 — Asean should shift its focus towards developing its own companies and technologies, moving away from an economic model driven by foreign direct investment (FDI) or export-led industrialisation, amid global uncertainty.

By Media Selangor Team SHAH ALAM, June 10 — The Selangor Information Technology and Digital Economy Corporation (Sidec) has launched Retail-X 2025, its flagship 12-week accelerator aimed at boosting innovation among 30 high-potential business-to-consumer (B2C) small and medium enterprises (SMEs)...

By Media Selangor Team SHAH ALAM, June 10 — The Selangor government, in partnership with the United Nations Global Compact Network for Malaysia and Brunei (UNGCMYB), has launched a capacity-building programme to help small and medium enterprises (SMEs) adopt environmental, social, and governance...

KUALA LUMPUR, May 16 — Loans to the private non-financial sector grew by 5.5 per cent in the first quarter of 2025 (1Q 2025) versus 5.2 per cent in 4Q 2024, amid sustained growth in outstanding loans and higher growth in outstanding corporate bonds.

The US tariffs has turned trade policy into a geopolitical earthquake, affecting beyond American ports or Chinese factories

PUTRAJAYA, April 30 — With approximately 219,015 active women-owned establishments recorded in Malaysia in 2022, Selangor remains at the top by contributing 15.9 per cent of the total number.

KUALA LUMPUR, April 11 — The Small and Medium Enterprises Association of Malaysia (Samenta) urged local businesses, particularly small and medium enterprises (SMEs), not to be over reliant on a single market in light of the United States’ (US) 90-day pause on reciprocal tariff while the 10 per cent baseline rate remains in place.

By Norrasyidah Arshad SELAYANG, Jan 18 — Small and medium enterprises (SMEs) in the state are encouraged to leverage the Visit Selangor Year (VSY) 2025 tourism campaign to promote their products. State executive councillor for women empowerment and social welfare Anfaal Saari said this effort...

By Danial Dzulkifly SHAH ALAM, Jan 6 — Malaysia's economy is poised for steady growth in 2025, with gross domestic product (GDP) projected to range between 4.0 and 5.5 per cent. This is despite looming global economic challenges, including the potential escalation of United States (US)-China...

KUALA LUMPUR, Nov 26 — Bank Negara Malaysia has said the transition to a green economy, while critical for addressing climate change, is leading to increased costs, a phenomenon termed “greenflation,” which could significantly affect businesses and consumers alike.

SHAH ALAM, Nov 19 — The Selangor government has suggested the federal government distribute five per cent of its reserve funds to all states.

KUALA LUMPUR, Oct 24 — Deputy Prime Minister Datuk Seri Fadillah Yusof has encouraged multinational companies investing in Malaysia to collaborate with local small and medium enterprises (SMEs).

KUALA LUMPUR, Oct 22 — The government is urged to assist small and medium enterprises (SMEs) by raising the taxable income threshold for the 15 per cent tax rate from RM150,000 to RM300,000, following the introduction of the new RM1,700 minimum wage.