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Government hopes for more Bumiputera SMEs

Wednesday, 26 October 2016

SME

 

KUALA LUMPUR: The government hoped that there would be more Bumiputera small and medium enterprises (SMEs) in the country given that they are still given top priority in the 2017 Budget, says Deputy Minister of International Trade and Industry, Datuk Ahmad Maslan after UNIDO-IEEMMS certificate presentation ceremony here Tuesday.

Despite the current economic challenges, the government continued to be committed to Bumiputera SMEs, which received RM1.12 billion, or 16.8 per cent, from RM6.65 billion allocation for the development of SMEs in the country.

Of the 645,000 SMEs in the country, only 37 per cent of them are Bumiputera SMEs, and 18 per cent of them are currently exporting.

Among the agencies assisting Bumiputera SMEs were SME Bank, Tabung Ekonomi Kumpulan Usaha Niaga, Majlis Amanah Rakyat and the Bumiputera Agenda Steering Unit, with the collaboration of SME Corp.

Source by: Internet

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