Survey: Most SMEs want to expand overseas

SME Association president Ding Hong Sing said Malaysian SMEs are shifting their focus to markets within the Asia-Pacific region, with intra-Asia trade burgeoning because of rising eCommerce transactions that has been driven by the Covid-19 pandemic.

KUALA LUMPUR: A majority of Malaysian small and medium enterprises (SMEs) are seeking opportunities in international trade within South-East Asia and East Asian markets such as China, Japan, South Korea and Taiwan, according to a survey.

The joint survey by FedEx Express and the SME Association said more than half (58%) of the respondents indicated that they are looking at expanding their business presence, while the remaining respondents (42%) remained cautious.