Sunday, November 11, 2012

Malaysia Needs More Competitive, Resilient SMEs, Says Mustapa

KUALA LUMPUR, Nov 10 (Bernama) -- Malaysia needs to create more small and medium enterprises (SMEs) that are competitive and resilient, as they are the vital ingredients for sustainable economic growth.

Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=708520
Published: November 11, 2012

Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed said the SMEs are also critical to nation-building, which gives the country more reason to move the SME agenda forward.

"Having a critical mass of a good pool of reliable SMEs or suppliers is the key to the success of large companies and multinational companies (MNCs), as together they provide the nation's pulse," he added.

Mustapa highlighted this at the recent Enterprise 50 (E50) 2012 Award event.

He said large companies and MNCs are very much dependent on SMEs as they all make up one big supply chain and without any one of them, the country would not have a robust and thriving economy that provides its endogenous growth.

-- BERNAMA

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