Miti Blog

Ministry of International Trade and Industry Malaysia Official Blog

Tag Archives: SMEs

Budget: Miti Hopeful Of Boost In Economic Growth & Trade Figures From Budget 2016
November 18, 2015 , by vox vox

KUALA LUMPUR, Oct 22 (Bernama) –The Ministry of International Trade and Industry hopes the Budget 2016 will help boost economic growth and trade figures.

This is amid the uncertainty in the global market due to the fall in the oil prices and weakening of the ringgit, said its Minister Datuk Seri Mustapa Mohamed.

The budget will be tabled by Prime Minister Datuk Seri Najib Tun Razak in Parliament tomorrow.

Mustapa was also hopeful that more focus would be given to small and medium enterprises (SMEs) - the backbone of the country’s economy - in the budget with new plans and strategies to enhance exports.

Mustapa said this was also due to the competition the country is facing.

He told reporters this during a briefing and memorandum of understanding signing ceremony.

In an effort to encourage more Malaysian food manufacturers obtain the Hazard Analysis Critical Control Points (HACCP)certification, the Malaysia External Trade Development Corporation (Matrade) is collaborating...

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APEC Needs To Grow Ecosystem To Support Enterprise Creation - Ahmad Maslan
October 15, 2015 , by admin2

KUALA LUMPUR, Sept 26 (Bernama) — The Asia-Pacific Economic Cooperation (APEC) needs to build an ecosystem that supports enterprise creation and improves the environment for innovation, as well as facilitates financial inclusion for start-ups, Deputy Minister of International Trade and Industry Datuk Ahmad Maslan said.

He said Malaysia recognises the vital role of micro, small and medium enterprises (MSMEs) in bringing new ideas to the market and fostering innovation.

Ahmad highlighted Malaysia’s initiatives for modernisation and automation of MSMEs, including focusing on the Soft Loan Scheme for Automation & Modernisation (SLSAM).

SLSAM seeks to encourage MSMEs in Malaysia to embrace automation and modernisation of their businesses.

“We further applaud the Philippines for putting the MSMEs at the forefront of its priorities this year, and we fully support the ‘APEC Iloilo Initiative’ which complements the ‘Boracay Action Agenda’ in promoting conducive policy,...

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Success of SMEs crucial for regional integration — Deputy Minister
October 13, 2015 , by admin2

lee_chee_leong

KUALA LUMPUR, Aug 18: The success of small and medium enterprises (SMEs) is crucial for ASEAN to be truly integrated, says Deputy Minister of International Trade and Industry Datuk Lee Chee Leong.

Lee said resilient SMEs should start to have a global mind-set.

“They should explore opportunities from liberalisation under the ASEAN Economic Community and expand their trade and investments,” he said at the launch of I-Score credit risk management tool.

The I-Score is co-developed by Rating Agency Malaysia Credit Info Sdn Bhd (RAMCI) with global information services company, Experian plc.

The tool, designed for financial institutions, business corporations and consumers, provides a comprehensive credit report ranking consumers, business partners and potential investors for credit risk.

Lee said SMEs could now use the tool to assess the strategies for their businesses if they intended to expand them.

“This will help address the challenges faced by SMEs to obtain...

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‘MAKEITWORK’ : REALITY TV SERIES FOR SMEs
July 2, 2015 , by admin2
MakeITwork’ is the first reality TV series of its kind in Malaysia designed to help local SMEs realise the potential of using IT in their businesses. Launched by Y.B. Dato’ Mukhriz Mahathir, Deputy Minister of International Trade and Industry on 25 November 2009, the series is a collaborative effort by Microsoft, HP and DiGi, supported by MITI and SME Corp.   ‘MakeITwork’ features ten recent business make-over projects involving promising local SMEs, who are provided funds for their IT facilities and guidance in formulating comprehensive business plans. It also showcases how Malaysian SMEs could leverage on the most current and advanced technology solutions available today. This will assist SMEs to realise technology’s role as a business enabler in achieving increased productivity and managing costs more efficiently.   This reality TV series provides SMEs with:   • better understanding of how technology can benefit their businesses; • avenue to acquire technology...
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Mustapa On Trade And Investment Mission To India
June 16, 2015 , by admin2
NEW DELHI, Jan 14 (Bernama) — Minister of International Trade and Industry Datuk Seri Mustapa Mohamed is leading a three-day trade and investment mission to India starting on Wednesday and is scheduled to participate at the Confederation of Indian Industry (CII) Partnership Summit 2015. The minister is set to have several business meetings with potential investors from India as well as Malaysian businesses that already have an establishment here. Mustapa will deliver a special address at a seminar entitled “India-Malaysia Trade and Economic Cooperation in the Context of Indian Economy Dynamism and India’s Act East Policy” in New Delhi organised by Research and Information System for Developing Countries (RIS). RIS is a think-tank under India’s Ministry of External Affairs envisioned as a forum for fostering effective policy dialogue and capacity-building among developing countries on international economic issues. The focus of the work programme of RIS is to promote...
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TNB Tariff Cut Consistent With Government Aspirations: Mustapa
June 16, 2015 , by admin2
KUALA LUMPUR, Feb 11 (Bernama) — Tenaga Nasional Bhd’s (TNB) move to reduce electricity tariffs is consistent with the government’s aspirations and in accordance with international rates, said Minister of International Trade and Industry Datuk Seri Mustapa Mohamed. Mustapa applauded the reduction in electricity tariffs, saying it would reduce the cost of doing business. Earlier today, TNB announced a reduction in electricity tariffs by 2.25 sen/kWh or 5.8 per cent, from March 1 to June 30, 2015. According to TNB, its average tariff will be reduced from 38.53 sen/kWh to 36.28 sen/kWh. TNB also announced that for Sabah and Labuan, tariffs will decrease by 1.20 sen/kWh (down 3.5 per cent) and the average tariff will decrease from 34.52 sen/kWh to 33.32 sen/kWh. “Even though the reduction is not substantial, it will certainly be welcomed by the business community,” he told reporters on the sidelines of the opening of the new office of the European Union-Malaysia Chamber...
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National Export Council to plan a roadmap to boost Malaysia’s competitiveness
June 15, 2015 , by admin2
KUALA LUMPUR: The National Export Council has planned a roadmap to boost Malaysia’s competitiveness in the international market. The government-backed body held its first meeting in Putrajaya chaired by Prime Minister Datuk Seri Najib Razak to put in place the comprehensive roadmap to enhance the nation’s exports amid uncertainties in the global market. The council, which was set up in December, said the planned initiatives will address the gaps in the export eco-system. “It will deepen market access for exporters through market linkers, industry specialists and specialised promotion programmes,” it said in a statement. Small and medium enterprises (SMEs) will also be included and the resilient ones will be “internationalised” through customised programmes such as Go-Ex. The contribution by SMEs to export is still relatively small at 16.9 per cent and is earmarked to grow to a target of 25 per cent by 2020. The council also intends to ramp up exports through... Read More

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