Impact of Malaysia Budget 2013 on Small and Medium Enterprises Assignment

Impact of Malaysia Budget 2013 on Small and Medium Enterprises - Assignment Example Small and medium-sized enterprises have had bigger challenges in their business performance, incursion, and marketing, compared to the large enterprises. The Malaysian 2013 budget has given indicated considerable efforts to emphasize on the need of SMEs in economic development, and vision 2020 of attaining an industrialized nation-state (â€Å"Budget 2013,† 2012). The government policies through the 2013 budget initiatives provided financial support for the enterprises straddling across large and small enterprises, focusing on the youth and women through loans and financial support in investments across the local regions. The loans and funds have subsidized charges on interest rates, which the government is collaborating with financial institutions for easy access to the SMEs. The tax and non-tax incentives will reduce the expense of operation in enterprises consequently saving money channeled by enterprises from incentives (â€Å"Budget 2013,† 2012). The budget could a lso influence the SMEs through ICT infrastructure, entrepreneurship training to improve national GDP, revenue, investment, and enhance economic growth. The small and medium scale enterprises form the backbone of the majority of the developing nations’ economy. These enterprises play a significant role in facilitating the considerable growth of the economy; however, financial constraints and inhibiting the competitiveness nature, which pushes every entrepreneur and businessperson, to improve the worth and quantity of market goods and services remains a significant obstacle (â€Å"Budget 2013,† 2012). In the past, Malaysian SMEs have been struggling to expand beyond their national boundaries, so that they can compete internationally, especially in the current wave of globalization.  

The visibility of the Environmental reports Essay

The visibility of the Environmental reports - Essay Example 1. The elevation of social accountability and the current reach of the environmental responsibility of the corporate world? Is environmental responsibility addressing the real concerns or is it a public propaganda? 2. Prior research indicates that the firms used to elevate the social accountability as an employee welfare activity and ignore other related important operational information. A very little has been done to the environment improvement. There is no sustainable development but firms used to highlight specific events they have had organized. Firms from the seventies started concerning about environment to please the public and to get approved by the environmental & other governing authorities. The stringent laws imposed in response to the rapid pollution worldwide the firms were forced to abide the regulations specified by concerned authorities. 3. Socio Economic theory was used to examine the social accountability of the firm. 4. The theory describes about the authenticity of the disclosures about the environmental responsibility. The Socioeconomic theory demands for the release of both the extremes of the facts about the environment accountability of the firm which many companies were not providing at that time. The theory demands that the environmental reports are to released with the annual reports to enhance the accountability and visibility of the firm towards environmental awareness. However the firms used to release a separate report about the environment.