Pushing for change
Behonce Beh | 03 Nov 2017 00:30
Budget 2018 is skewed towards accelerating Malaysia’s foothold in the fourth industrial revolution with the help of youths and startups

ALTHOUGH there were many reasons for small and medium enterprises (SMEs) to rejoice due to Budget 2018 proposals, some caution is still needed. SMEs should not expect free handouts and instead, grind their axes to remain competitive and sustainable.

Some Budget 2018 proposals have wide-ranging applications for the SME sector, says the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM). “There were more than 10 items on the budget that encompassed SMEs from various industries. Many of them were too wide and did not have a focus on how to develop SMEs per se,” ACCCIM SME and Human Resource Development Committee chairman Koong Lin Loong tells FocusM.