Money always becomes the utmost necessity for every business, there are a number of ways you can seek funding for your business. From Bootstrapping to Crowdfunding, here is how to raise capital for your business. 1.Bootstrap your business Provided that your business isn’t in the industry that uses a huge amount of startup capital, you …
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n a 2019 Insurtech report by KPMG, the insurance industry is on the brink of a major revolution as adoption of insurtech enters a new phase. Data and technology have been the driving force for innovations in the industry, coupled with changes in consumers’ lifestyles and behaviour. Insurtechs and technology start-ups continue to redefine customer …
The Inland Revenue Board (IRB) is offering some flexibility in terms of arrears and penalties for taxpayers whose income has been affected by the COVID-19 pandemic and the implementation of the total lockdown. The IRB said the flexibility offered was deferment of payment of penalties related to their tax obligations to 2022, provided taxpayers continue …
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The Securities Commission Malaysia (SC) cautioned the public on the sharp increase of clone firm scams this year on 5 November. The scams are perpetuated by companies that fraudulently impersonate a legitimate entity, including misusing the name and logo of a public listed company (PLC) to dupe investors and to solicit funds. These clone firms offer non-existent …
With the ongoing pandemic and the resulting economic crisis, small businesses are facing challenges just to stay afloat. As business owners continue to do everything possible to garner revenue and keep the business running, it is more important than ever to assess and optimize your business. Here are five ways to pivot your business and …
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz has tabled the 2021 national budget at the Dewan Rakyat on November 6, which included many measures and initiatives targeted at assisting individuals in the current challenging conditions brought about by the COVID-19 pandemic. Many of these measures are targeted at easing cash flow issues and addressing concerns …
In Malaysia, the 2021 budget was announced in the midst of a global contagion and political uncertainty. Finance Minister, Tengku Zafrul states that the Government has made protecting the Rakyat’s lives its utmost priority. The allocation of RM9.4 billion announced in Budget 2021 will develop the national digital strategy across industry sectors. It is capable of closing …
Budget 2021: Relief for SMES grappling with survival & recovery Read More »
The Securities Commission Malaysia (SC) launched a new framework on 12 November to facilitate the offering of Islamic funds with waqf features to enable the growth of the Islamic social finance segment. The development of waqf was identified as one area of significant potential for social development, greater public good and wealth distribution, in the SC’s Islamic …
SC introduces new framework to facilitate offering of Islamic Funds with Waqf features Read More »
Nearly half of all fruit and vegetables produced globally are wasted each year. In the US, almost 30% of all food is thrown away, while the UK wastes 6.7 million tons of food each year. In Malaysia, figures show that 15,000 tons of food is wasted daily. It’s clear that food wastage is an international problem. However, …
As we continue to face the dual economic and health crisis, Malaysians must also start getting their finances in order and make sure that they will continue to meet their financial responsibilities. However, with many in a tight spot due to reduced salaries and retrenchments in the workforce, these financial commitments may be a challenge. …
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Creating a budget is the first crucial step in managing our finances. Suffice to say, it can be said that budgeting is the basic foundation of every financial plan. Some people said that budgeting is a dreary task. In fact, most of the time we often give excuses for doing budgeting, and in the end, …
When we hear the word ‘sustainable’ and ‘economy,’ the two don’t seem to gel together perfectly. It’s hard to believe and imagine when the environment and the economy are finally collaborating to save the environment and prevent global warming well below the 2 C threshold. Economy, according to Greek means “household management” or the word …