MALAYSIA is one of the few countries to have extended substantial assistance to promote entrepreneurship for close to three decades now.
The International Trade and Industry Ministry (Miti), through its agencies SME Corp Malaysia, Malaysian Industrial Development Finance Bhd and SME Bank, has disbursed financial assistance to the tune of RM23 billion to more than 51,000 small and medium enterprises (SMEs) so far.
“It is time we took stock of how successful our entrepreneurs have become… how many have expanded their businesses locally and how many have ventured abroad and yet, how many are still struggling,” said Datuk Seri Mustapa Mohamed after the launch of FOKEM 2014 (Entrepreneurship Forum) yesterday.
One of the most successful stories is Top Glove Corp Bhd, which, with the assistance of the ministry’s agencies, rose from being a small player to become the world’s largest rubber glove producer.
“In many instances of the unsuccessful ventures, it was found that... Read More