Want to compete? Prepare for digitalisation, finance minister tells SMEs | Malay Mail

Lim Guan Eng addresses a press conference at the Ministry of Finance in Putrajaya January 8, 2019. — Picture by Mukhriz Hazim

“Despite its large contribution to the economy, SMEs face a challenging business environment. Introduction of new technology, especially relating to Industry 4.0, is disrupting various SMEs’ model so thoroughly that they have no choice but to change,” said Lim in his opening speech at the Malaysia SME Business Summit, citing that SMEs are expected to contribute up to 41 per cent to the Malaysian gross domestic product by 2020.

In support of SMEs moving towards digital transformation, Lim said Putrajaya has launched several programmes and initiatives to help the businesses to make the digital leap.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China seeks amicable resolution to trade war, says finance minister | Malay MailKUALA LUMPUR, June 24 — China says it seeks an amicable resolution with regards to the trade war with the United States, Finance Minister Lim Guan Eng said today. He said Beijing had reassured Malaysia that it did not seek to prolong the trade war. “China seeks an amicable resolution based on... So says Guan Eng, China’s new Foreign Minister. Wah.. Who are u to announce on bahalf of China?
Source: malaymail - 🏆 1. / 86 Read more »