Lending a helping hand

The MyFuture exhibition booth at SME events.

SMALL and medium enterprises (SMEs) are the backbone of Malaysia’s economy, forming the majority of local businesses.

According to the Department of Statistics Malaysia (DOSM), 98.5% of total businesses in Malaysia are SMEs of which 693,670 firms are micro, 192,783 firms are small and 20,612 are medium-sized firms that bring up the total of SMEs in Malaysia to 907,065 firms.