Coordinated approach crucial to strengthen SMEs

Cherian: By emulating successful models and embracing innovative financing mechanisms, we can build a resilient ecosystem that empowers SMEs to thrive in an ever-evolving global economy.

THAT small and medium enterprises (SMEs) are an important contributor to Malaysia’s gross domestic product (GDP) and workforce make it crucial to ensure they are resilient. And that calls for a coordinated approach by the government in building a robust ecosystem for the sector.

Elaborating on this, Asia School of Business deputy CEO and practice professor of finance Joseph Cherian tells StarBizWeek it is imperative to have an aggregated as opposed to a fragmented or siloed approach towards supporting and strengthening the SME ecosystem, as SMEs play a vital role in the local economy.