EMPOWERING MICRO ENTERPRISES TO EXPAND BUSINESSES

Entrepreneurial spirit: Proud SOBA 2023 Mikro awards winners (from left) Maria, Izuan, Azrina and Nurulziaty together with RHB Bank Bhd SME banking head Yip How Nang (centre) during the SOBA 2023 Gala Night event on March 7.

MICRO enterprises play an important part in the Malaysian economy.

According to the Statistics Department, out of 1,173,601 micro, small and medium enterprises (MSMEs) registered for business in 2022, around 78.7% or 923,667 were micro businesses.