Malaysia: The Malaysian Institute of
Accountants (MIA) has welcomed the numerous programmes and incentives focused
on the development of micro entrepreneurs, following the recent announcement of
the Budget 2018.
MIA said the government's efforts
would spur the country towards achieving the status of a high-income nation
towards sustainable economic growth and societal well-being in Malaysia
The programmes include an allocation
of RM500 million to Tabung Ekonomi Kumpulan Usahawan Niaga (TEKUN) and RM80
million to the Skim Pembiayaan Ekonomi Desa (SPED).
MIA chief executive officer Dr
Nurmazilah Mahzan said these programmes and additional funds allocated to the
development of micro entrepreneurs are expected to boost the further
development and growth of entrepreneurship in the future.
"Nevertheless, micro enterprises
generally lack in-house expertise and suffer from human resource deficiency.
Various studies found that small business enterprises' growth is influenced by
management abilities such as finance, marketing, human resource, and operations
management," she said in a statement.
Nurmazilah noted financial
mismanagement as one of the key contributors to small enterprises' failure,
which can impact enterprise performance.
She said it is important to put
start-ups and business advisors in touch with financial management at an early
stage to bridge the skill and knowledge gap.
"Accountants can play an important
role as trusted business partners by providing financial management and
relevant business support," she said, adding that contributions by accountants
can benefit small businesses throughout various phases.
She pointed out the goal is not just
improving the financial capability of business owners, but also increasing
business formalisation and professionalism among small businesses, to generate
a more resilient economic growth.
Nurmazilah added the growth prospects
arising from the implementation of various economic programmes and activities
would increase the demand for qualified accountants.
MIA also commended the government's
effort to encourage women who have been on a career break to return to the
workforce.
"The announcement on the tax
incentive for women returning to work after their two-year hiatus would
encourage more female accountants to contribute to the accountancy profession
and the economy," it said.
The national accountancy body said
the government's allocation of RM90 million to the Program Peneraju
Professional, Skil dan Tunas.
LIVE Stock Trading folio : PPHB; KRONO; ASDION; FAJAR; ALAM.
LIVE Stock Measures : Buy KRONO || Level 1.10 || Cut Profit @ 1.17 || Return 6.36%
LIVE Stock Measures : Buy KRONO || Level 1.10 || Cut Profit @ 1.17 || Return 6.36%
To get More Updates:
Stock signals, Stock tips, stock Picks, Stocktips Malaysia, bursa malaysia stock signals, klse daily stock signals, KLSE stock picks, KLSE Stock Recommendations, KLSE stock signals, stock market news, stock market update, Stock Picks Malaysia, Stock trading picks,& Stock trading strategy
For More Visit Us: www.mmfsolutions.sg
Tel- +65-3158-2180 Email- info@mmfsolutions.sg
No comments:
Post a Comment