Source From (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/6/20/business/11513308&sec=business
Published: on 20 Jun 2012
KUALA LUMPUR: More structured incentives should be given to enable
Malaysian small-and-medium scale enterprises (SMEs) to grow bigger.
Chairman
of the Associated Chinese Chambers of Commerce and Industry of Malaysia
(ACCCIM) Young Entrepreneurs Committee Oon Weng Boon said SMEs should
be encouraged to grow in sectors where they are not well recognised such
as information technology and services.
“We can learn from the
success stories from Taiwan and South Korea where SMEs have been
successful due to the support and encouragement by the Government,” he
said at the ACCCIM Young Entrepreneurs Conference 2012.
In the
current challenging times amid the economic problems in Europe and the
United States and slowing growth in China, he said, SMEs needed to be
more competitive but cautious about expanding.
“In the long run, global economic problems would affect Malaysia’s economic growth and businesses,” he said.
SMEs,
he said, faced a challenging task to remain competitive and the
implementation of the minimum wage policy would make them less
competitive as it increased production costs. — Bernama
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