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,...Read More