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

Malaysia's unemployment rate increased to 4.8% in June 2021, after four consecutive months of decline.

Malaysia saw the number of unemployed graduates increase by 22.5 per cent. In 2019, there were 165,200 unemployed graduates, which grew to 202,400 in 2020.

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%. 

In the future, a hybrid work arrangement may be the best policy to ensure that workers can still stay productive while in the office and enjoy the comfort of working from home.

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.

We should never give up when it comes to hiring top performers. If our initial approach seems broken, we should adjust our recruiting strategy instead. 

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.