JOHOR BARU: Local micro, small and medium enterprises recorded double digit growth in gross domestic product of 11.6% in 2022, says SME Corp Malaysia CEO Rizal Nainy .
Rizal added that the growth was more than Malaysia’s overall GDP recorded during the pre-Covid-19 pandemic period. He said such data clearly showed that MSMEs played an important role in the country’s economic recovery and growth. “Despite its size, MSMEs in Malaysia are generally more resilient and have the potential to recover faster than large companies.
“Under the Madani economic framework, which was launched by Prime Minister Datuk Seri Anwar Ibrahim on July 27, the government remains consistent and committed to give special focus and attention to the development of MSMEs to drive national economic growth,” he added.Supply Bill 2024 tabled for first reading on Oct 10