CEO diversifies company’s business from OEM to ODM and finally takes over ownership

Value-added: One of the designers looking at the various components used to build the FOBO Tire sensors.

Small and medium-sized enterprises (SMEs) have always been known as the backbone of the economy. Apart from their resilience during economic downturns, they are also collectively a sizable employer.

In the Economic Census conducted in 2011 for reference year 2010 by the Department of Statistics Malaysia, SMEs employed about 3.7 million out of a total of seven million workers or 52.7% of total employment.