International compliance vital for SMEs to penetrate global market, says Entrepreneur Development minister in Berlin

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BERLIN, March 14 — Malaysia’s small and medium-sized enterprises (SMEs) should work towards achieving international guidelines and compliance to penetrate the global...

In SRC International civil suit, offshore asset recovery specialist says yet to see evidence Najib returned US$120m of SRC funds in bank account Minister of Investment, Trade and Industry Datuk Seri Tengku Zafrul Tengku Abdul Aziz, Prime Minister Datuk Seri Anwar Ibrahim and Minister of Entrepreneur and Cooperatives Development Datuk Ewon Benedick at the SME Future Day 2024 in Berlin March 14, 2024.

He said such compliance is important because major world markets such as the United States, Japan and Europe require ESG compliance as criteria for entry of products or services. According to Ewon, there are currently 1.1 million SMEs in Malaysia, most of which are micro-enterprises, and over 16,000 cooperatives with a total membership of over seven million people.

 

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