MSME

SMEStreet Decoding Budget 2023 Webinar Showcased Key Takeaways for MSMEs in Union Budget 2023-24

Retrieved on: 
Friday, February 17, 2023
Knowledge, Well, Union budget of India, Lok Sabha, 2020 Union budget of India, Human voice, Panel, Union, Key, Government, Government of India, Hashtag, Central Hall, Melbourne, Goal setting, Entrepreneurship, Face, Geography, Deposit Insurance and Credit Guarantee Corporation, Ministry, Ministry of Micro, Small and Medium Enterprises, The Honourable, Social media, Central Hall, Growth, BSE, MSME, MSME & Startups Forum - Bharat, COVID-19, Overalls, Web conferencing, Tutoring, Management, Renewable energy, Online shopping

Delhi, India, Feb 17, 2023 - (ACN Newswire) - SMEStreet Decoding Budget 2023 webinar was successfully conducted and participated by MSME finance experts.

Key Points: 
  • Delhi, India, Feb 17, 2023 - (ACN Newswire) - SMEStreet Decoding Budget 2023 webinar was successfully conducted and participated by MSME finance experts.
  • after every Union Budget announcement, SMEStreet reaches out to MSMEs and Industry Experts and explains the Union Budget from the perspective of MSMEs.
  • This year, the activity was concluded on 15th Feb 2023, with a Webinar - SMEStreet Decoding Budget 2023.
  • And A post Budget activity we again approached MSMEs and tried to understand their key takeaways from the Budget.

Lesaka Reports FY23 Q2 Results Outperforming Upper End of Guidance

Retrieved on: 
Tuesday, February 7, 2023
Technology, Insurance, Payments, Finance, Security, Fintech, Banking, Other Technology, Professional Services, Software, Rural Connectivity Group, Merchant, Ecosystem, JSE, Smiths News, Growth, MSME, Consumer, LSK, Lesaka Technologies, Cryptocurrency, Beauty salon

Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the second quarter ended December 31, 2022 (“Q2 2023”).

Key Points: 
  • Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the second quarter ended December 31, 2022 (“Q2 2023”).
  • Performance highlights for Q2 2023:
    Group Adjusted EBITDA of $7.4 million (ZAR 130.4 million) exceeds the upper end of guidance of ZAR 123 million in Q2 2023 by 6%.
  • Revenue of $136.1 million (ZAR 2.4 billion)1 in Q2 2023, compared to $31.1 million (ZAR 478.5 million)1 for the quarter ended December 31, 2021 (“Q2 2022”), exceeding the upper end of guidance by 4%, driven predominantly by strong outperformance in the Merchant Division.
  • Major milestone in achieving positive net cash provided by operating activities of $3.4 million (ZAR 59.9 million) in Q2 2023, compared to an outflow of $13.8 million (ZAR 212.0 million) in Q2 2022.

The Worldwide Seam Welding Machine Industry is Expected to Reach $1.4 Billion by 2028: Increasing Adoption in Energy, Shipbuilding, and Construction Industries Worldwide Drives Growth - ResearchAndMarkets.com

Retrieved on: 
Thursday, January 26, 2023
Machinery, Machine Tools, Metalworking & Metallurgy, Manufacturing, Growth, Welding, FDI, Fiber, Construction, MSME, COVID-19

The growing adoption of Industry 4.0 in manufacturing, automotive, and construction sectors is expected to boost the demand for seam welding machines.

Key Points: 
  • The growing adoption of Industry 4.0 in manufacturing, automotive, and construction sectors is expected to boost the demand for seam welding machines.
  • Data security is another key factor boosting the demand for Industry 4.0 in the seam welding machine market.
  • Thus, digital security integration in industry 4.0 is expected to boost the growth of the seam welding machine market.
  • Further, the growing trend of fiber laser welding, and semiconductor laser welding is anticipated to provide new opportunities for the seam welding machine market.

BRI Successfully Assisted 34 Million Micro Business and Gained IDR 51.4 Trillion Profit in 2022

Retrieved on: 
Thursday, February 9, 2023
CER, TBK, BBRI, IDR, CAR, Yoy, Capital adequacy ratio, Government, Cost, NPL, DPK, CIR, LDR, Growth, Risk management, MSME, Business credit reports, Multimedia, CASA, KUR, IDX, Cryptocurrency, Bank, BRI

(IDX: BBRI) successfully closed 2022 with net profit of IDR 51.4 trillion, a 67.15% Year-on-Year (YoY) growth.

Key Points: 
  • (IDX: BBRI) successfully closed 2022 with net profit of IDR 51.4 trillion, a 67.15% Year-on-Year (YoY) growth.
  • BRI's fee-based income reached IDR 18.80 trillion in Q4 2022, a 10.16% YoY growth, with an income ratio of 11.37%.
  • BRI disbursed IDR 252.38 trillion of People's Business Credit (KUR) to 6.5 million people in 2022, in accordance with the allocation set by the Government.
  • "BRI is optimistic to achieve its target with its ability to disburse an average of IDR 1 trillion KUR per-day," said BRI Micro-Business Director Supari.

PINTEC Announces Changes to Management and Board of Directors

Retrieved on: 
Friday, January 27, 2023
SME, Economics, Sustainability Accounting Standards Board, Annual report, Yunnan University of Finance and Economics, Growth, SMB, MSME, Management, PRC

Their resignations did not result from any disagreement with the Company, its management, the Board, or any committee of the Board, on any matter relating to the Company's operations, policies or practices.

Key Points: 
  • Their resignations did not result from any disagreement with the Company, its management, the Board, or any committee of the Board, on any matter relating to the Company's operations, policies or practices.
  • Relevant competent directors and officers have been appointed to fill in their vacancies with effect from January 27, 2023.
  • He has held various senior management positions in mainland China and Hong Kong, and has gained comprehensive industry experience in the areas of consulting, business development, financial operations, and management.
  • The Board and management thank Mr. Li for his contributions to the Company and wish him all the best in the future.

Future Ready Digital Transformation for Indian MSMEs: Campaign Powered by Staqo and SMEStreet to Empower MSMEs' Digital Transformation

Retrieved on: 
Thursday, December 22, 2022
SME, CXO, Army Network Enterprise Technology Command, Digital, 100,000, Growth, MSME, Digital transformation, MSME-Champions, HR, Risk management

NEW DELHI, Dec 22, 2022 - (ACN Newswire) - SMEStreet in association with Staqo embarks into the journey showcasing the best roadmap for Digital Transformation to Indian MSMEs.

Key Points: 
  • NEW DELHI, Dec 22, 2022 - (ACN Newswire) - SMEStreet in association with Staqo embarks into the journey showcasing the best roadmap for Digital Transformation to Indian MSMEs.
  • This collaboration will showcase the power of efficient digital transformation and guide Indian MSMEs to make the best use of contemporary digital automation for bringing busines process efficiency.
  • In this campaign, Staqo will come as the tech knowledge and tech skill partner for educating the MSME sector to become Future Ready through best possible digital technologies.
  • Commenting on this campaign of 'Digital Transformation & Future Readiness Series for MSMEs' Faiz Askari, Founder Editor of SMEStreet and Secretary General of SMEStreet Foundation commented, "We realise the impoirtance of technollogy for MSMEs.

Fueled by growth and expansion, SM supports MSME communities

Retrieved on: 
Friday, December 23, 2022
NCR, SM Investments, MSME-Champions, Express, SM Supermalls, Small business, Investment, Advertising, MSME, Growth, BDO Network Bank, SM, Agricultural produce market committee, Farmer, Department of Agriculture (Philippines), Overseas Filipinos, FedEx Express, Restaurant, Mobile phone

PASAY CITY, Philippines, Dec. 23, 2022 /PRNewswire/ -- SM is looking forward to working with communities especially during tough times to sustain and support growth and recovery.

Key Points: 
  • PASAY CITY, Philippines, Dec. 23, 2022 /PRNewswire/ -- SM is looking forward to working with communities especially during tough times to sustain and support growth and recovery.
  • "As we expand, we are mindful about how this brings meaningful support to communities," SM Investments Corporation President and Chief Executive Officer Frederic C. DyBuncio said.
  • SM acts as a marketplace to over 90,000 MSMEs partners, playing the big brother role and helping them navigate mainstream retailing.
  • Despite economic and geopolitical headwinds, SM is keen on pursuing growth and expansion in 2023 to provide vital support to the economy that will reach more communities.

BRILIANPRENEUR UMKM EXPO(RT) 2022 Scales Up 500 MSMEs to Win the Global Market

Retrieved on: 
Friday, December 16, 2022
Digital technology, Food, MSME, MSME-Champions, Drink, IDX, BBRI, TBK, BRI, Jakarta Convention Center, Renewable energy

JAKARTA, Indonesia, Dec. 16, 2022 /PRNewswire/ -- PT Bank Rakyat Indonesia (BRI) Tbk (IDX: BBRI) presents the BRILIANPRENEUR UMKM EXPO(RT) 2022 in a hybrid format.

Key Points: 
  • JAKARTA, Indonesia, Dec. 16, 2022 /PRNewswire/ -- PT Bank Rakyat Indonesia (BRI) Tbk (IDX: BBRI) presents the BRILIANPRENEUR UMKM EXPO(RT) 2022 in a hybrid format.
  • "We are committed to supporting MSMEs through Gerakan Nasional Bangga Buatan Indonesia, which empowers our curated MSMEs to showcase their best works in various international expos.
  • In addition, the eventalso consists of various activities such as business matching sessions, coaching clinics, UMKM awards, bazaars, and live shopping.
  • Through BRI's support, we have displayed our products at numerous international exhibitions, including India, Mexico, Hongkong, and Malaysia," said Bunda Elis.

BRILIANPRENEUR UMKM EXPO(RT) 2022 Scales Up 500 MSMEs to Win the Global Market

Retrieved on: 
Friday, December 16, 2022
Digital technology, Food, MSME, MSME-Champions, Drink, IDX, Multimedia, BBRI, TBK, BRI, Jakarta Convention Center, Renewable energy, Video game

JAKARTA, Indonesia, Dec. 16, 2022 /PRNewswire/ -- PT Bank Rakyat Indonesia (BRI) Tbk (IDX: BBRI) presents the BRILIANPRENEUR UMKM EXPO(RT) 2022 in a hybrid format.

Key Points: 
  • JAKARTA, Indonesia, Dec. 16, 2022 /PRNewswire/ -- PT Bank Rakyat Indonesia (BRI) Tbk (IDX: BBRI) presents the BRILIANPRENEUR UMKM EXPO(RT) 2022 in a hybrid format.
  • Furthermore, visitors can purchase the MSME products right away by clicking one of the links to the e-commerce platforms.
  • "We are committed to supporting MSMEs through Gerakan Nasional Bangga Buatan Indonesia, which empowers our curated MSMEs to showcase their best works in various international expos.
  • In addition, the eventalso consists of various activities such as business matching sessions, coaching clinics, UMKM awards, bazaars, and live shopping.

OPEC Fund approves over US$500 million in new global development support

Retrieved on: 
Thursday, December 15, 2022
Fund, Food, Private sector, OPEC Fund for International Development, OPEC, SME, Wind, Employment, MSME, MSME-Champions, Fitch, Electrification, Woman, Investment, National Clean Energy Business Plan Competition, Kyrgyzstan, Education, Tourism, International development, Farmer, Economy, Renewable energy, Agriculture

OPEC Fund Director-General Dr. Abdulhamid Alkhalifa said: "In a very challenging year, the OPEC Fund was able to significantly increase its support and strengthen its impact.

Key Points: 
  • OPEC Fund Director-General Dr. Abdulhamid Alkhalifa said: "In a very challenging year, the OPEC Fund was able to significantly increase its support and strengthen its impact.
  • At the same time, we recognize the need to accelerate support for sustainable development to ensure people's livelihoods and well-being worldwide."
  • Benin:A US$14 million supplementary loan will support the ongoing Agricultural Development and Market Access Support Project, which is expected to benefit more than 255,000 people, including smallholder farmers.
  • The OPEC Fund for International Development (the OPEC Fund) is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively.