Financial Literacy Month 2021 (AKPK-BNM)

FLM2021 will culminate into a three-day virtual event from 29 to 31 October 2021. FLM2021 Finale highlights the importance of addressing the issues from consumers on the ground, particularly during this challenging times.

Various initiatives on the recent financial education topics ranging from financial management and planning, protection, financial scams are being covered during this Finale event. Experts gather virtually to share their insights and provide advisory, as well as expertise. Join us as we navigate around the key topics on financial education and in making an informed financial decisions towards a better future.

https://www.sc.com.my/bm/sumber/siaran-akhbar-dan-pengumuman/pelancaran-bulan-literasi-kewangan-buat-julung-kali-oleh-jaringan-pendidikan-kewangan

https://www.hmetro.com.my/bisnes/2021/10/766766/bulan-celik-kewangan

Recorded Session

Mohamad Faisal C.A. (M), CPFA, CPSA, ASEAN CPA, CFP, DPIN, HRDF Cert Trainer has wide exposure in SME capacity building, governance, business finance, corporate advisory, and personal finance. He is a business mentor, a certified accountant, a financial planner, and a certified business mentor. He is also a ‘Business Mentoring for Mentors’ from the Entrepreneurship Development Institute of India (EDII) and ‘Entrepreneurship in Emerging Economies’ from HarvardX Business School. He was also appointed as a council member to two national professional bodies, Chairman of SMP Malaysia, Member of the National Governing Committee to MPC Professional Nexus, an Industry Advisor to three local universities. He is also the founder of FaisalMALIK & co [CA].

Our SME development and start-up leader provides advisory, mentoring, and training for commercial organizations conform with prudent management. Reach us at admin@faisalmalikco.com

Maklum Balas Cadangan RMK-12 (2022-2027)

Jutaan Terima Kasih diucapkan kepada YB Dato Sri Mustapa Mohamed – Menteri Eknomi kerana meluangkan masa disebalik jadual yang padat. Tahniah kepada barisan pimpinan ASIS, kehadiran saya untuk berkongsi taklimat maklum balas RMK-12.

Pada Isnin 11am, 27 September 2021: Rancangan Malaysia Ke-12 (RMK-12) yang diumumkan oleh Perdana Menteri Datuk Seri Ismail Sabri Yaakob di Dewan Rakyat pada Isnin, turut menyenaraikan sasaran pragmatik yang mampu dicapai serta jelas membuktikan kesungguhan kerajaan dalam meneruskan pertumbuhan ekonomi sambil memelihara kesejahteraan rakyat.Langkah sedemikian disifatkan sebagai praktikal, apalagi keseimbangan itu mengambil kira kekangan kewangan yang dihadapi oleh kerajaan dalam melindungi kehidupan serta memajukan ekonomi susulan impak pandemik COVID-19 yang dilihat semakin reda.

Menteri di Jabatan Perdana Menteri (Ekonomi) Datuk Seri Mustapa Mohamed yang juga merupakan Menteri yang bertanggungjawab menyelia rancangan Malaysia ke-12.

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Pada Isnin 2pm, 27 September 2021: FMC telah dihubungi oleh pihak Berita RTM untuk memberikan ulasan diatas pengumuman dan isi kandungan pelan perancangan strategik RMK-12.

Mikro Ekonomi merupakan solusi kepada sektor pekerjaan diera krisis Covid-19

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19 Oktober 2021:- Libat urus ASIS bersama Menteri di Jabatan Perdana Menteri (Ekonomi), Datuk Seri Mustapa Mohamed.

Diantara beberapa saranan adalah seperti berikut:

Terima Kasih

Tips of building a good credit record for SMEs

A small company often does not have the assets on which to secure a loan. Banks can have a risk adverse attitude to new projects/businesses. If a business/project is considered risky, the bank may charge a higher interest rate, which a small business cannot afford, or the bank may decide not to lend at all.

SMEs particularly the smaller ones have been unable to access funds due to their limited track record, limited acceptable collateral, and inadequate financial statements and business plans.

There are only three types of financing available to a small business owner: debt financing, equity financing, or a combination of the two.

However, SMEs face challenges from limited access to finance, lack of databases, low R&D expenditures, undeveloped sales channels, and low levels of financial inclusion, which are some of the reasons behind the slow growth of SMEs.

ACCUMULATED EVIDENCES HAVE SHOWN THAT FINANCIAL ACCESS PROVIDES CREDIT FOR THE MOST PROMISING FIRMS PROMOTES GROWTH FOR ENTERPRISES THROUGH THE PROVISION OF CREDIT IN THE MOST PROMISING FIRMS, ENCOURAGES MORE START-UPS, AND ENABLES INCUMBENT FIRMS TO GROW BY EXPLOITING GROWTH AND
INVESTMENT OPPORTUNITIES. HOWEVER, LITTLE KNOW OF WHAT THE BEST WAY ARE TO ESTABLISH CREDIT AND KEEP A GOOD CREDIT SCORE. SOME OF THOSE ARE: