PUTRAJAYA: SME Corp expects local small-and-medium enterprises’ contribution to the country’s gross domestic product (GDP) this year to grow to 33%, considering its current growth momentum and the country’s healthy economy.
Source from (Bernama): http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=944724
Published: April 25, 2013
Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2013/4/25/business/13020712&sec=business
Published: April 25, 2013
Chief Executive Officer Datuk Hafsah Hashim said the healthy Malaysian
economy has allowed the sector to consistently exceed the economy's
growth rate, showcasing the country's SMEs as a force to be reckoned
with.
"In 2011, the sector's contribution to GDP amounted to 32.5 per cent
and we are on track to achieve the target of 40 per cent GDP
contribution by 2020 through the SME masterplan," she told reporters
here today.
She was speaking to reporters after the soft launch of the fourth
Global Entrepreneurship Summit (GES) 2013, to be hosted by Malaysia in
October.
Hafsah noted that if the local economy grows at 5.5 per cent this year,
the SME sector would be able to grow between 6.5 per cent and seven per
cent.
On the GES, she said it is a platform for entrepreneurs to share
experience, showcase their capabilities in doing business and network
with other entrepreneurs.
"This platform, this time around hosted by Malaysia, will allow local
entrepreneurs the opportunity to take part in business matching sessions
with international SMEs," she added.
Topics to be discussed at the summit include women entrepreneurs,
information communications and technology, start-up companies and the
halal industry.
-- BERNAMA
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