Smidec chief named CEO of SME Corp

  • Business
  • Saturday, 22 Aug 2009

KUALA LUMPUR: Small and Medium Industries Development Corp (Smidec) chief executive officer Datuk Hafsah Hashim has been appointed chief executive officer of SME Corp Malaysia.

SME Corp, slated to start operations on Sept 1, is the rebranded version of Smidec and would “better” coordinate the functions of ministries and agencies involved in the development and well-being of SMIs, said Deputy Prime Minister Tan Sri Muhyiddin Yassin.

“With this remodelled Smidec, functions will be more coordinated and funds to be disbursed better arranged,” he said yesterday after announcing the appointment, unveiling SME Corp’s logo and witnessing an agreement signing between SME Corp and Malaysian Resources Corp Bhd for the lease of office at MRCB’s Kuala Lumpur Sentral Park.

At the same function, Smidec chairman Datuk Mohamed Al-Amin Abdul Majid was named SME Corp chairman.

Earlier in his speech, Muhyiddin said the rebranding of Smidec as SME Corp could not have come at a better time as the whole world was facing social and economic challenges.

“SME Corp’s role as ‘one referral centre’ will facilitate effective outreach programmes to SMEs through the provision of easier access to information, business and technical advisory services, coaching and guidance, including financial assistance and management services as well as upgrading of skills,” he said.

He said SME Corp had a significant role in ensuring businesses continued to succeed in this evolving economic scenario.

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