Some 16,700 micro, small and medium enterprises (MSMEs) in Malaysia are to benefit from a RM134.6 million (£22.5m) allocation of funding from the SME Corporation Malaysia (SME Corp) in 2024 – a slight fall on the allocation in 2023. According to Deputy Entrepreneur and Cooperatives Development Minister Ramanan Ramakrishnan, SME Corp disbursed RM131.3 million in […]
India’s micro, small and medium-sized businesses (MSMEs) expect the government to address issues around access to credit and digital transformation in the imminent Interim Budget statement. In 2023’s Budget statement, the MSME ministry was allocated a 41.6% increase in funding from the previous fiscal year. The MSME sector contributed almost 30% of the country’s GDP […]
Leading economists and politicians attending the recent World Economic Forum (WEF) expressed optimism about the potential of China to grow its economy over the next 12 months. They cited the spending power of the burgeoning middle class, evolving consumption patterns, substantial greenfield investment and the integration of artificial intelligence and data into the economic landscape. […]
China’s private sector, which comprises of more than 50 million enterprises, is expected to grow in 2024 in the wake of government policies introduced in 2023 to support the sector, experts are predicting. “This year, China’s private sector will be less constrained and is expected to receive more encouragement and support from authorities. Private enterprises […]
A women-only internet jobs portal has launched in the UAE, to exclusively cater for women professionals to help them meet their career goals. Women First Jobs said it was committed to supporting the UAE’s Gender Balance Council’s initiatives, ensuring equal pay, promoting gender equality in recruitment and promotion, mainstreaming a gender balance perspective, and maintaining […]
The vast majority of chief executives in India are optimistic about economic growth in the coming 12 months, according to a new survey by PwC. The accountancy and consulting giant’s 27th annual global survey polled 4,702 chief executive officers (CEOs) in 105 countries and territories, including 79 in India. It found 86% of CEOs in […]
Malaysia’s executives, management, professional employees and support staff can look forward to a salary rise of 5% in 2024 for, according to a new survey. The survey on remuneration by global advisory firm WTW found that although the projected salary increase this year was slightly lower than the 5.6% in 2023, the average salary increase […]
Economic growth in the Asia-Pacific (APAC) region will remain strong in 2024, with GDP expected to grow by about 5% in India and a host of emerging market countries, according to Fitch Ratings. In its new ‘APAC Cross-Sector Outlook 2024’ report, Fitch said the outlook for the banking sectors in India and Indonesia, as well […]
China will experience a notable economic upswing in 2024, fuelled by recoveries in services consumption and investment, despite the slump in the property sector and its impact on domestic demand. That’s the widely held view of a number of economists, who are urging the Chinese government to “promptly introduce policies that tap into the vitality […]
