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Barnama
17-07-2025
- Business
- Barnama
Unifi Business Continues To Support Local MSMEs, Celebrates World MSME Day In East Coast
KUANTAN, July 17 (Bernama) -- Unifi Business continues its annual #SapotLokal and #BelanjaDiSME campaign in conjunction with World Micro, Small and Medium Enterprises (MSME) Day 2025 by making Bazar Serambi Teruntum, here, the second destination in this year's East Coast tour series. Unifi Business vice-president Dr Mohamad Yusman Ammeran said the campaign, which is now in its fourth edition, aims to empower MSME entrepreneurs and encourage Malaysians to support products and services offered by digital service providers. "Many micro and small entrepreneurs have now successfully stepped into the digital era. From small stalls to e-commerce platforms, from cash to digital wallets and from manual promotions to digital marketing. This is the new face of Malaysian MSMEs," he said in a statement today. He said this year, the tour series began at Bazar Siti Khadijah, Kota Bharu, on June 23, followed by Bazar Serambi Teruntum on July 12 and continued to the final location at Pasar Kedai Payang 1, Kuala Terengganu on July 16. As a preferred digital partner, Mohamad Yusman said, Unifi Business offers comprehensive solutions to MSME entrepreneurs, including broadband, mobile services and various digital solutions. 'Entrepreneurs can also get advisory services through 84 Unifi Business consultants or experts nationwide, as well as access reference materials and business guides on the Unifi Business Club website, he said. In conjunction with MSME Day 2025, Mohamad Yusman said MSME entrepreneurs also have the opportunity to participate in the LEAP programme at the University of Oxford, United Kingdom, for a week, through the #UnifiBusinessTakeMeToOxford contest. He said two lucky entrepreneurs will be selected to win the main prize, in addition to other attractive prizes such as the Go Bookit bundle solution and exclusive classes with renowned entrepreneur Pinn Yang. 'Entrepreneurs only need to promote their businesses on social media by using #BelanjaDiSME, #SapotLokal and #UnifiBusinessTakeMeToOxford from June 23 to July 31, 2025, on social media platforms such as TikTok and Facebook,' he said.
The Wire
30-06-2025
- Business
- The Wire
Alibaba.com Launches Trade Assurance in India to Empower SMEs
NEW DELHI, June 30, 2025 /PRNewswire/ -- a leading global business-to-business (B2B) e-commerce platform, today announces the launch of its Trade Assurance service in India, marking a significant step in enhancing the trading experience for Indian small and medium-sized enterprises (SMEs). This service empowers them to manage international transactions with greater confidence, efficiency and security. Coinciding with World Micro, Small, and Medium Enterprises (MSME) Day on June 27th, this initiative highlights the commitment of to supporting global SMEs. Global B2B trade can be fraught with challenges, including concerns over costs, product quality, shipment timelines, and more. Trade Assurance, a proprietary order protection service offered by alleviates some of these risks, providing both suppliers and buyers with confidence throughout the entire transaction process. Suppliers who opt for this service can conduct business with peace of mind, knowing that their transactions are securely safeguarded by a trusted platform. The service stipulates that the buyer makes payment at the time of purchase, with the funds held in escrow by until the buyer confirms the satisfactory receipt of the order within a reasonable timeframe. Participating suppliers stand to gain a significant advantage as Trade Assurance not only enhances buyers' trust in them but also allows them to amass a robust online transaction history, thereby improving their visibility, ranking and exposure on This, in turn, translates to a wealth of future business opportunities for the suppliers. "India is one of high-potential supplier markets, with a robust production capacity and a diverse range of product categories that attract substantial global buyer interest. In recognition of this potential, we have introduced the Trade Assurance service to the Indian market. This service aims to foster trust between Indian suppliers and global buyers, while also streamlining transaction processes. By doing so, we aim to enhance efficiency and unlock new business opportunities for Indian suppliers, thereby contributing to their growth and success," said Rocky Lu, Head of India at Summer Gao, Head of Global Supply Chain Services at , shared, "We are thrilled to bring Trade Assurance to India. Transactions conducted with the Trade Assurance service enable Indian SMEs to build a robust online transaction history, bolster their credit ratings, and enhance their reputation with global buyers. We firmly believe that the comprehensive order protection it offers can reduce trade barriers for SMEs, opening pathways for them to flourish in the global marketplace." About Launched in 1999, is a leading platform for global business-to-business (B2B) e-commerce that serves buyers and suppliers from over 200 countries and regions around the world. It is engaged in services covering all aspects of commerce, including providing businesses with tools that help them reach a global audience for their products and helping buyers discover products, find suppliers and place orders online fast and efficiently. is part of Alibaba International Digital Commerce Group. Logo -
Daily News Egypt
28-06-2025
- Business
- Daily News Egypt
MSMEDA disburses EGP 57.5bn in project funding over 11 years: CEO
Bassel Rahmy, CEO of the Micro, Small and Medium Enterprise Development Agency (MSMEDA), announced that the agency has disbursed a total of EGP 57.5bn in funding for micro, small, and medium enterprises from July 2014 to May 2025. This figure marks a substantial increase compared to pre-2014 levels and reflects the state's intensified support for the sector since President Abdel Fattah Al-Sisi took office. Rahmy noted that this funding has contributed to the creation of more than 3.4 million job opportunities for Egyptian men and women, underpinning the agency's role in promoting employment and entrepreneurship nationwide. He added that 47% of total funding was channelled to governorates in Upper Egypt, aligning with the region's development priorities and financial needs. The announcement coincided with the celebration of World Micro, Small and Medium-sized Enterprises Day, held annually on 27 June. Rahmy highlighted the state's strategic commitment to supporting the small enterprise sector through comprehensive care, funding mechanisms, and the creation of an enabling environment that fosters the establishment and growth of industrial and productive projects. Since President Al-Sisi's inauguration, Rahmy explained, the state has launched numerous initiatives aimed at supporting citizens and encouraging them to embrace entrepreneurship and self-employment as a path to economic empowerment. These efforts reflect a deep understanding by the political leadership of the sector's critical role in driving economic development and industrial advancement. He emphasised that all relevant government bodies have worked in coordination to enhance the investment climate for small businesses, thereby maximising their contribution to the national economy. These efforts are in line with the directives of Prime Minister Mostafa Madbouly, who also chairs MSMEDA's Board of Directors. Rahmy also pointed to landmark progress in 2025, including successful cooperation with the Ministry of Finance and the Egyptian Tax Authority to implement Law No. 6 of 2025. The law addresses longstanding tax challenges for small businesses and introduces several key facilitations—most notably a simplified tax regime starting with a rate of 0.4% of annual turnover for businesses generating up to EGP 500,000, scaling up to 1.5% for those with turnover between EGP 10m and EGP 20m. The law also offers exemptions from stamp duties and other taxes. He affirmed MSMEDA's active role in integrating the informal economy into the formal sector through structured plans to regularise and legalise informal enterprises. These efforts are aimed at ensuring long-term project sustainability, improving productivity, and enabling access to the benefits offered under Law No. 152 of 2020 on Enterprise Development. The agency provides documentation and licensing services to help businesses operate legally, paving the way for them to access incentives such as marketing support and eligibility for the government's 40% procurement allocation to small enterprises. In the area of capacity building, Rahmy noted that MSMEDA has provided entrepreneurship training to more than 83,000 individuals. This initiative seeks to foster a new generation of skilled and capable entrepreneurs across Egypt. To enhance product marketing and commercial exposure for its clients, MSMEDA has organised 1,441 exhibitions featuring 32,492 project owners. These events generated total sales and contract values exceeding EGP 2.1bn. Rahmy concluded by calling on young people to take initiative by visiting the agency's branches across governorates or accessing its website to learn more about its financial and technical services. These services, he said, can support aspiring entrepreneurs in launching or expanding businesses across a wide range of sectors. World MSME Day was officially designated by the United Nations on 27 June following a proposal submitted by Egypt in 2016 via the World Association for Small and Medium Enterprises. The day aims to celebrate and recognise MSMEs globally as a fundamental pillar of economic growth and stability.
Business Recorder
28-06-2025
- Business
- Business Recorder
Alibaba.com launches ‘CoCreate Pitch'
KARACHI: a leading B2B e-commerce platform, has announced the newly expanded pitch competition, 'CoCreate Pitch', which will take place at the Company's annual flagship CoCreate event. The competition will allow global SMEs with product dreams to compete for a $1 million prize pool. Selected SMEs and entrepreneurs from Pakistan will have the opportunity to participate in the US event held in Las Vegas from September 4-5, 2025. In addition to the 'CoCreate Pitch' competition, is also introducing CoCreate Europe, which will be held in London on November 14, 2025. Coinciding with World Micro, Small, and Medium Enterprises (MSME) Day on June 27th, this initiative highlights the commitment of to supporting global SMEs. SMEs are actively positioning themselves for new opportunities. During the mid-year stock season, has observed significant momentum in Pakistan, with the number of Pakistani exporters on the platform increasing by 30% year-over-year from April to June. Copyright Business Recorder, 2025
Express Tribune
27-06-2025
- Business
- Express Tribune
SMEs with product ideas to compete in US
Listen to article B2B e-commerce platform has announced a newly expanded pitch competition, CoCreate Pitch, which will take place at the company's annual CoCreate event. The competition will allow global small and medium enterprises (SMEs) with product ideas to compete for a $1 million prize pool. Selected SMEs and entrepreneurs from Pakistan will have the opportunity to participate in the US event to be held in Las Vegas from September 4 to 5 this year. In addition to the CoCreate Pitch competition, is also introducing CoCreate Europe, which will be held in London on November 14, coinciding with the World Micro, Small and Medium Enterprises (MSME) Day on June 27. CoCreate Pitch will attract SMEs from around the globe, offering the opportunity for financial support, a diversified supply chain and mentorship. Two grand champions, one from each CoCreate event, will each receive a financial award valuing at $200,000 (50% cash and 50% sourcing credits). Twenty winners will be awarded up to $40,000 each under the same terms. All participants will gain free access to AI-powered sourcing tools and supplier network, enabling rapid prototyping and cost-efficient production. The competition spans two to four months, with submissions evaluated on innovation, feasibility and market potential. Finalists will pitch live at events in Las Vegas. Winners will be selected by a panel of industry leaders and investors. "The passion SMEs will bring to their innovative product ideas, and their entrepreneurial energy, shines brightly on stage," said Kuo Zhang, President of Despite global economic uncertainty, the SMEs continue to demonstrate resilience and a strong capacity to adapt and thrive. Recent data from reveals that SMEs are actively positioning themselves for new opportunities.
