SMEs To Contribute At Least 37 Pct To Nation’s GDP This Year

Local small and medium enterprises (SMEs) will be able to contribute at least 37 per cent to the nation’s gross domestic product (GDP) this year. SME Association of Malaysia President, Datuk Kang Hua Keong, said this could be achieved if they capitalised on development projects, such as the China’s Belt and Road (B&R) initiative and digital economy in the country. He said local SMEs contributed 35.9 per cent of the country’s GDP in 2015, and he was confident this would be higher for 2016.

 

Source: Bernama

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