The support of the local government is vital in ensuring the successful development of SMEs in any country. Currently, at least 18 local ministries and 60 government agencies are actively involved in the development of Malaysian SMEs.
The SMEs in Malaysia are fortunate to have the full support of the local government in all aspects of their operations. The government ministries and their agencies provide assistance in disseminating information, technical expertise, training, financing, etc. Below are some of the ministries and government agencies that support SMEs:
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SMI/SME Editorial Government Initiatives
SMI/SME Editorial Government Initiatives
Government Initiatives
Promoting Malaysia’s Exports to the World (MATRADE)
If you intend to market your products overseas, you can yourself a big favour by getting in touch with MATRADE, which serves as your one-stop centre for export information and assistance.Malaysia External Trade Development Corporation (MATRADE) was established since March 1, 1993, as the external trade promotion arm of Malaysia’s Ministry of International Trade and Industry (MITI).MATRADE has th...
From SMIDEC to SME Corp
Come 2nd January 2009, the Small and Medium Industries Development Corporation (SMIDEC) will begin its operations as the SME Central Coordinating Agency, under the name of SME Corporation (SME Corp).The Small and Medium Industries Development Corporation (SMIDEC) was established on 2nd May 1996. The establishment of SMIDEC was in recognition of the need for a specialised agency to further promote ...
National SME Development Council (NSDC)
The establishment of the NSDC is a clear indication of the government’s systematic approach in building up a strong SME sector.The National SME Development Council (NSDC) was established in June 2004, with Bank Negara Malaysia appointed as its Secretariat. Chaired by the Prime Minister, with representation from Ministers and Heads of 19 key Ministries and Agencies involved in SME development, th...
Quotes of the day
" There is one rule for industrialists and that is: make the best quality goods possible at the lowest cost possible, paying the highest wages possible. "Henry Ford
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