Malaysia’s renowned resistance to global economic volatility is thanks to our strong domestic demand. Our Small Medium Enteprises (SMEs) have achieved an average growth rate of 6.3% per annum from 2006 to 2013. Malaysia’s SMEs have contributed 33.1% of our national economy reflects our SME’s importance in contributing to our country’s Gross Domestic Product. Let us join our Ministry of International Trade and Industry and SMECorp in innovative initiatives to help SMEs boost their growth to 9.3% per annum to ensure Malaysia becomes a developed nation by 2020. As Malaysia chairs ASEAN next year, our SMEs will be given focus as 95-99% of business establishments in ASEAN are SME-based.
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