SMEs on track to expand business, says UOB survey

KUALA LUMPUR: Small and medium-sized enterprises (SMEs) in Malaysia are optimistic about the medium-term business outlook and they are on track to expand in the country and in the region, according to a foreign bank survey.

The findings of the survey carried out by United Overseas Bank (Malaysia) Bhd (UOB) showed 41% of SMEs are "cautiously optimistic about the business outlook for the next three years".