Govt allocating significant resources to support SMEs


Prime Minister Tun Dr Mahathir Mohamad wants SMEs to increase competitiveness and actively participate in the global chain and IR4.0.

KUALA LUMPUR: The Pakatan Harapan government is holding to its 14th General Election’s (GE14) pledges since its historic win nearly a year ago by allocating significant resources to support the growth of small and medium enterprises (SMEs) and encouraging their technological adoption.

While the SME gross domestic product (GDP) growth is estimated to be sustained at 5.8% in 2018 and 2019, the government has urged SMEs to embrace research and development, technology and explore new growth areas in the digital economy in the Fourth Industrial Revolution (IR4.0) for more sustainable growth.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Mahathir , SMEs , competitive , resources ,

   

Next In Business News

Calls for planters to increase use of technology
Wall St set to rise ahead of speeches from Fed officials
Sarawak Cable finds new hope as alternative party is identified
Main Market-bound Feytech IPO public portion oversubscribed
Bursa lifts Awantec's affected issuer status
SC charges Pixelvest and former Infinity Trustee director with unlicensed capital market offences
Ringgit ends firmer against US dollar
InNature buys 'Burger & Lobster' franchise, eyes expansion into F&B Sector
Bank Negara fines Habib with RM96,250 for AMLA non-compliance
Pharmaniaga says 'stands firm' on financial recovery to exit PN17

Others Also Read