NEWS

MAICCI hopes for higher budget allocation for SME digitalisation



By Zufazlin Baharuddin

KUALA LUMPUR, Oct 4  -- The Malaysian Associated Indian Chambers of Commerce and Industry (MAICCI) has called for more allocation in the 2020 Budget to help the small and medium enterprises (SMEs) embrace digitalisation in terms of readiness for the Fourth Industrial Revolution (IR4.0)

Its council member Shamini Manikam said funds are needed to empower them in enhancing their operations in a digital world.

"The SMEs need funds to transform digitally. Other than funds, grants or soft loans would also be helpful for them," she told Bernama.

Budget 2020 will be tabled in Parliament on Oct 11.

Shamini said the government must give adequate training and assistance for the SMEs to grow further.

"They should also give training in terms of business capacity building and strategies that could be implemented to internationalise the business," she added.

On the readiness of local SMEs to embrace IR4.0, Shamini said she saw their willingness and eagerness to digitise their operations and urged them to remain competitive in the future.

Currently, there are 1.2 million SMEs nationwide.

-- BERNAMA





OTHER NEWS

Budget 2022: Impact on fixed income market almost negligible, says Manulife

KUALA LUMPUR, Nov 12 -- The impact from Budget 2022 on the fixed income market is almost negligible, given that there were no major surprises in terms of the country’s debt financing requirement and fiscal position, said Manulife Investment Management (Manulife).


Govt needs to look for other ways to increase revenue beyond Budget 2022 taxes - Expert

KUALA LUMPUR, Nov 11 -- Budget 2022 tax initiatives may not contribute significantly to government revenue and there is a need to look for other ways to increase it for the sustainable economic growth of the country, according to a tax expert.


Budget 2021 formulated based on valid data - MoF

KUALA LUMPUR, Dec 16 -- Budget 2021 was formulated based on reports presented by relevant bodies whose data could be determined to be valid, the Ministry of Finance (MoF) said.


HIGHLIGHTS

EXCLUSIVE

ECONOMIC REPORT

Budget 2021: MoT to provide incentives to lighten people’s burden - Wee 

KUALA LUMPUR, Nov 19 -- The Ministry of Transport which receives RM6.05 billion allocation under Budget 2021, will be providing various incentives to benefit the people.


2021 Budget : MAFI, private sector must co-operate to optimise Budget 2021

KUALA LUMPUR, Nov 16  -- The Ministry of Agriculture and Food Industries (MAFI) and the private sector must escalate co-operation to optimise the allocation in the 2021 Budget to MAFI so that ...

Budget 2021 described as inclusive for all in tourism sector

KUALA LUMPUR, Nov 9 -- The inclusive Budget 2021 touching on the involvement of various parties contributing to the economic chain related to the tourism sector is seen capable of revital...


BNC LIVE


BUDGET SPEECH


© 2025 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy | Security Policy This material may not be published, broadcast,
rewritten or redistributed in any form except with the prior written permission of BERNAMA.

Best viewed in Firefox 58.0.1 (64-bit) & Chrome Version 63.0.3239.132 (Official Build) (64-bit) with 1920 x 1080 resolution