It is crucial for SMEs and MSMEs to seize this opportunity and embrace automation and digitalisation to remain relevant.
THE small and medium enterprise (SME) as well as the micro, small, and medium enterprise (MSME) sectors, which are the backbone of Malaysia’s economy, have contributed significantly to the gross domestic product (GDP), employment and exports of Malaysa over the past year.
Despite experiencing a growth of 5% in 2023 (contributing RM613.1bil to GDP) compared to the previous year, the sectors’ future outlook is highly dependent on various factors, including policy decisions, geopolitical events, technological advancements, financial assistance and foreign direct investments (FDI).
