Ramadan is a time of spiritual reflection, self-improvement, and giving back to those in need. For small businesses, Ramadan allows them to foster a culture of giving back and positively impacting their communities. By embracing the principles of charity and generosity central to the month of Ramadan, small businesses …
5 Meaningful Ways to Welcome Ramadhan
Every year, Muslims worldwide will welcome Ramadhan, the holy month of fasting, prayer, and spiritual reflection. It is a time of great significance in the Islamic faith, during which Muslims seek to strengthen their faith and increase their acts of worship. Muslims can devote themselves to their faith, develop …
7 Ways to Boost Sales this Ramadan
Ramadan is a holy month of fasting and spiritual reflection for Muslims worldwide, including more than 60% of Malaysians. During this month, Muslims fast from dawn to dusk and engage in various religious activities, such as prayers, charity, and spending time with family and friends. Ramadan is also a significant …
Challenges for Small Businesses in 2023
Small and medium-sized enterprises (SMEs) are the backbone of the Malaysian Economy. According to the Malaysia Department of Statistics, small businesses make up 98.5% of all businesses in the country and employ nearly 70% of the workforce. In 2021, 1,226,494 small businesses contributed RM 500 billion—or around 38%—to Malaysia’s GDP. …
Managing Invoices & Cash Flow: Taking a Peek Into The Common SME Dilemma
Invoices are strongly tied to small and medium-sized enterprises (SMEs) cash flow. These documents are sent to customers; they outline details of the transactions including the amount owed and the payment terms. It also represents the amount of inventory or effort leaving the SMEs’ books. A large number of outstanding …
What Contributes to Malaysia’s Economic Growth
After the turbulence of a pandemic, Malaysia has clawed its way out of the economic recession. continuing its recovery momentum. It’s been confirmed that the World Bank has raised its 2022 economic growth forecast for Malaysia from 5.5% to 6.4%. The growth is expected to result from borders opening after …
Business Financing Options: Here’s a list
Business financing is providing funds for business activities, making purchases, or investing. To create a money market, financing a business also benefits because some people have extra cash, while others need money. The aim is to make investments and earn returns. Finances are a never-ending adventure for small business owners …
#MakingHERStory with Nikita Tibrewal
MakingHERStory is back again, and this time we sat down with our outstanding Senior Finance Manager from Singapore, Nikita Tibrewal. In this issue, Nikita shows us how to combine the unique qualities of womanhood with the complexities of leadership. Learn how you too can become a leader who employs compassion, …
In HYPERLINKS, what should you pay attention to?
Nowadays, it is common to find hyperlinks or links in emails or messages. These hyperlinks are present in 2 forms as mentioned below: Standard Length URL: The URL starts with www, followed by the website name, and ends with something like .com, for e.g., Shortened URL, for e.g., Hyperlinks and …
Loans vs Revolving Credit
Banks and lending companies don’t always approve loans since they have to look at the credit score of a small business. Regularly paying your monthly instalment on time is one of many ways to uplift your credit score. Instead, having a wide range of credit products demonstrates to lenders how …