KUALA LUMPUR, Dec 12 (Bernama) -- Indonesia and China have emerged as
the top destinations for Malaysian small and medium-sized enterprises
(SMEs) to expand their operations overseas to, according to a survey.
Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=914775
Published: December 13, 2012
Source from (The Sun Daily): http://www.thesundaily.my/news/563724
Published: December 13, 2012
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/12/13/business/12450652&sec=business
Published: December 13, 2012
United Overseas Bank (Malaysia) Bhd, in a statement here today said the
selection of these countries was due to consumer demand, rapid growth
and language similarity.
Following closely are Singapore, Thailand and India, the bank said,
drawing from its Malaysia SME Survey 2012 survey, conducted among 450
Malaysian SME owners across multiple sectors.
The survey also pointed out that two out of three Malaysian SMEs planned to grow their market base in the next three years.
Of these, more than half intend to expand domestically (55 per cent)
while the remainder will do so by expanding overseas (45 per cent), it
said.
UOB Malaysia Chief Executive Officer Wong Kim Choong said that
confidence in the medium-term economic outlook for Asia was driving many
SMEs to expand their businesses.
"Indonesia and China have demonstrated resilience amid the economic
uncertainty in the Eurozone and the US. Strong consumer demand and
continued economic growth in Indonesia and China have been key
considerations for Malaysian SMEs seeking expansion opportunities," he
added.
In recent months, he said UOB Malaysia had received an increased number
of enquiries from SME customers exploring financing options for
business expansion in Indonesia and China, especially in the food and
beverage, printing and packaging industries as well as
construction-related businesses.
To achieve overseas expansion ambitions, SMEs need easy access to
financing as well as expertise in setting up their operations in a
foreign country, Wong said.
-- BERNAMA
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