Sme Annual Report 2009-2010

http://www.smecorp.gov.my/node/1626

SME Annual Report 2009/2010

Transformation to the New Economic Model

News & Events - By administrator on Tuesday, October 12, 2010 - 08:49

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KUALA LUMPUR, 11 October 2010– YAB Prime Minister Dato’ Sri Mohd Najib Tun Haji Abdul Razak today launched the Small and Medium Enterprise (SME) Annual Report 2009/10. The report, the fifth publication so far, is one of the key initiatives by the National SME Development Council (NSDC) to disseminate information to all stakeholders involved in SME development.

The highlight of the Report this year is the assessment on the performance of SMEs in the period 2000 - 2009 based on new time series data available on SMEs as well as the analysis on the recovery of domestic SMEs in the aftermath of the global financial crisis. The Report also details recent developments on policies and programmes specific for SMEs, including implications of new policies such as the New Economic Model (NEM) and the Tenth Malaysia Plan (10MP) on SMEs and potential growth areas. As in previous years, the Report also highlights some inspiring success stories of SMEs in the various subsectors.

Themed “Transformation to the New Economic Model”, the 2009/10 Report focuses on the New Economic Model and the required change in mindset for SMEs to transform themselves to support the strategies for Malaysia to become a high-income and developed nation by 2020. Amidst the globalisation and liberalisation of markets, the Report stresses on the importance of SMEs to shift into a higher gear to transform their businesses in order to remain relevant, competitive and to be able to enjoy continued prosperity in a new domestic and global business environment.

SMEs Outperformed the Overall Economy since 2004

For the first time, an in-depth economic assessment of SMEs based on newly available data for the period 2000-2009 has been published. The analysis revealed that while value added growth of SMEs from 2001-2003...