Digi business marketing and operations head Steven Soon (second from left) delivering his speech as (from left) Johor South SME Association advisor Teh Kee Sin, RHB Bank Bhd commercial banking head Azlina Safian and PKT Logistics Group Sdn Bhd chief operating officer P’ng Tean Hau look on duri...
One for the album: (From left) Teh, Soon, Azlina and P’ng posing for photograph after their panel discussion session at the SOBA LAB programme at Trove Hotel in Johor Baru.JOHOR BARU: Digitalisation is the way forward for small and medium enterprises (SMEs) and they have to start planning now,...
Unofficial figures show that some 300,000 Malaysians commute daily from Johor to Singapore to work. — FilepicJOHOR BARU: The state government is looking at the positive angle when it comes to the high number of Malaysians, including Johoreans, working in Singapore.Johor education, human resour...
An SME expo showcasing the productsKUALA LUMPUR: Malaysia's small business sector experienced positive business conditions in 2018 and confidence in business and economic growth is at its highest point since 2012, according to new survey data released today by CPA Australia. The findings from CPA A...
KUALA LUMPUR: Small and medium enterprises (SMEs) should capitalise on the RM517mil funding made available by Malaysian Industrial Development Finance Bhd’s (MIDF) and Malaysian Technology Development Corp (MTDC) under the Soft Loan Scheme for Automation and Modernisation (SLSAM).MIDF group ma...
PETALING JAYA: Finance Minister Lim Guan Eng is tabling Budget 2019 in Parliament, the first federal budget by the Pakatan Harapan government.The tabling of the Supply Bill (Budget) 2019 will commence before Dewan Rakyat Speaker Datuk Mohamad Ariff Md Yusof, and will be debated by the Members of Par...
Matrade Urges SMEs To Explore Untapped Potential Markets
SUBANG JAYA, June 26 (Bernama) -- The Malaysia External Trade Development Corporation (Matrade) is urging local small and medium enterprises (SMEs) to explore the untapped potential markets like the African region, central Asia and Latin America, to boost their business growth and network internationally.
Its Chief Executive Officer Datuk Dr Wong Lai Sum said this would also help speed up the target contribution by SMEs to the gross domestic product to 41 per cent by 2020 from 32 per cent in 2010.
"With the supply that we have right now, we have to move our exports to where the demand is. But because of the distance, people sometimes tend to pull back.
"Malaysians are very good in making things but they (also) need to be better in marketing products across the board," she told reporters after the launch of the SME Recognition Award 2014 here Thursday.
The SME contribution target was announced by Prime Minister Datuk Seri Najib Tun Razak during the release of the SME Masterplan 2012-2020 in July two years ago.
The masterplan also targets to increase SMEs export to 25 per cent by 2020, from 19 per cent in 2010.
Meanwhile, Wong said in 2013, events organised by Matrade has generated business worth of some RM18 billion, and out of this more than 60 per cent was contributed by the SMEs.
The figure in 2014 was expected to be better than last year, given the recovery in the economies in Europe and the United States, she said, adding that in the first five months of this year, the agency had recorded double-digit growth.