The two newest financing schemes are the Informal Financing Scheme (SPIN) 2.0 and the Covid Business Recovery Financing Scheme (CBRM) 2.0

SMERF is currently offering financing amounts of up to RM250,000 or up to 90 per cent of the eligible items' total costs with a meagre interest rate of 3%. 

This arrangement would include employees working either in the office, from home or at split locations. Maybank will be the first financial institution in Malaysia to adopt a hybrid work environment.

The chief economist of Bank Islam Malaysia Bhd said that SMEs must be aware on how to find help to enhance their business operation, sales and market segmentation. 

In Malaysia, we must have a valid business license when starting a business. These licences are grouped into three categories: General licenses, Sector/Industry-specific licenses, and Activity-specific licenses.

Entrepreneurs can reach the ADU@MEDAC hotline at 1-300-88-1020. Operating from 9 am to 9 pm, the hotline serves as a one-stop centre for distressed entrepreneurs. 

RiVAC will oversee the vaccination of 105,000 retail sector workers by August 31 and add four more industrial vaccination centres (PPVIN) in Selangor and Negeri Sembilan.

If you are a B40 entrepreneur or a full-time IPT student, you can register your business with SSM for free via the Prihatin Business Registration Scheme (SPPP). Here's how to sign up:

As most areas of Selangor are no longer under the EMCO, the state has now reverted to Phase One of the National Recovery Plan (PPN). The July 16th PPN SOP has added a few changes, check it out here:

GKP 4.0 is a financial assistance given to eligible Micro, Small & Medium Enterprises (MSMEs). Eligible recipients will receive RM1,000 and payment will be made in two phases.