Govt awards RM6.2 mil Smart Automation Grant to 66 SMEs, mid-tier companies KUALA LUMPUR (Feb 4): A total of 66 small and medium-sized enterprises (SMEs) and mid-tier companies have been awarded the Government's National Economic Recovery Plan (PENJANA) 2020 #SMART Automation Grant (SAG). In a statement today, the Malaysia Digital Economy Corporation (MDEC) said the grant, involving a total of RM6.2 million, was awarded to registered businesses in primarily traditional or non-technology activities from the services sector. MDEC chief marketing officer and head of digital investments and brand Raymond Siva said the outcome-based matching grant will assist these companies to accelerate automation and achieve productive results, such as increased revenues; savings in business costs; reduction of process time cycle and man-hours spent; and creating new sources of growth. “Each successful applicant had been allocated up to 50 per cent of their total project cost, subject to a limit of RM200,000, or whichever is the lowest, through this matching grant. This means the successful applicants will pay at least 50 per cent of the total cost of the digitalisation project and, subsequently, receive the remaining amount based on the achievements of the agreed milestone deliverables, he said. MDEC said the SAG, which was launched in July 2020, had been conceptualised as a matching grant for companies in the services sector to spur them towards automating their business processes and pursue full digitalisation. The grant allocated from the 2020 PENJANA initiative aims to drive these businesses towards kickstarting the implementation of digital processes and the use of technology tools that will automate their business operations,” it said. MDEC noted that all of the 66 approved SAG recipients come from all over Malaysia, including service providers from the wholesale and retail trade (30 per cent); general services (24 per cent); and professional services (14 per cent). The other sectors consist of transportation and storage, tourism, education, healthcare, food and beverage, financial and insurance, and real estate and construction. Since its unveiling, this initiative solely focused on enabling digital adoption among businesses, which is a central part of MDEC’s three strategic framework pillars, namely Digital Jobs, Digital Businesses and Digital Investments. The agency continues to set the foundation for SMEs and mid-tier companies to thrive in the Fourth Industrial Revolution era by focusing on empowering businesses at every level and in all sectors.
@Gan..QES is in the Semicon business and they are expanding their business in CHina right now..they have also bought and opened a factory in Shah Alam in Jan 2021. Their business is expanding and is expected to grow in the next 3 to 5 years. As such this is a good counter for investment which meann buy and hold at least for 3 years.
@FSL....If drop I happily buy more...if up I see my profit and smile but will never sell...after that drop some more...I will buy more....I will hold QES tight...very tight....
Shaaaadaaapppp lah Fruitcake....do you know what it means to call a person fruitcake...it mean the person got mental problem...so go check your self in Tanjung Rambutan..
All of us investors be strong, hold tight and be ready to ride the trend to the sky and beyond...in time all of us will huat big time....Sabar itu Indah...
Stock has advanced more than 20% within a week. Profit taking is normal. Uptrend expected due to upcoming QR. Uptrend will only reversed if the QR is bad.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
FSL 冯时龍
487 posts
Posted by FSL 冯时龍 > 2021-02-05 10:03 | Report Abuse
Once break 0.55, then meet at 0.6