Miti Blog

Ministry of International Trade and Industry Malaysia Official Blog

Tag Archives: sme

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


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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July 6, 2015 , by admin2
The National Green Technology Policy was announced by YAB Datuk Seri Najib Tun Abdul Razak Prime Minister of Malaysia on 24 July 2009 encompasing economic, environment and social policies. Among the goals of the National Green Technology Policy are to increase the production of local Green Technology products and the expansion of SMEs and SMIs businesses exports of Green Technology to the global market. Developed countries are now keen to engage with companies/organisations which are more environmentally responsible to its stakeholders. Malaysian industries are encouraged to adapt a green environment approach in their businesses, by moving towards low carbon technology. Potential benefits for businesses from adoption of the green policy include: • enhanced local industry’s competitiveness in the global market; and • increased ability to attract foreign investors and growth of exports through enhanced consumer confidence. Consumers have become increasingly conscious not...
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July 3, 2015 , by admin2
Beginning 2 October 2009, the Small and Medium Industries Development Corporation (SMIDEC) will be officially known as SME Corporation Malaysia (SME Corp. Malaysia). SME Corp. Malaysia will coordinate SME development programmes involving 60 agencies under the jurisdiction of 14 different ministries. It will function as “one-referral” centre and provide Malaysian SMEs with effective and integrated SME development programmes, as well as financial assistance schemes. SME Corp Malaysia will undertake to ensure that SMEs not only continue to succeed in the current challenging economic scenario but their long-term competitiveness are further strengthened. At the launching ceremony of SME Corp. Malaysia’s logo on 21 August 2009, Deputy Prime Minister Y.A.B. Tan Sri Muhyiddin Yassin announced the appointments of Y.Bhg. Datuk Ir. Mohamed Al Amin Hj. Abdul Majid as its Chairman and Y.Bhg. Dato’ Hafsah Hashim as its Chief Executive Officer (CEO).   Read More
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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Online Malaysian Businesses Receive a Boost
July 1, 2015 , by admin2
SME Corporation Malaysia is teaming up with eBay and PayPal to help local small and medium enterprises broaden their markets. What do SMEs already conducting or looking to conduct business online stand to gain? Under the agreement, eBay and PayPal specialists will provide education courses in the form of workshops or phone consultation programmes. For those looking to outsource their online sales channel, there’s also a Trading Assistant Programme which is an end-to-end service provided by eBay. Good deals abound: eBay is waiving insertion fees for the first 100 eBay listings and selected features, while the first 100 payments received via PayPal will enjoy up to a 25% discount. Both eBay and PayPal are also offering dedicated account support to SMEs. This MoU marks a first for a Government body in Malaysia to establish partnership with eBay, the world’s largest online marketplace with over 89 million active users and PayPal, a global leader in online payments. If...
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The Services Sector – Driving Growth
July 1, 2015 , by admin2
Nearly two thirds of GDP by 2015 will be services. The new economic model for Malaysia places emphasis on raising the productivity level of workers to help them earn higher incomes as well as raising the country’s income status as a whole from middle to high. When the new economic model is unveiled, necessary changes and realignment to policies and strategies outlined in the IMP3 will have to be made. These include changes to macro-frameworks and to inject the elements of innovation and creativity into the development strategies. The target has been set; the contribution of the services sector is to increase to 60 per cent of the GDP by 2015. We want to hear your feedback…
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Tok Pa Lancar Facebook
July 1, 2015 , by admin2
KUALA LUMPUR 22 Feb. - Menteri Perdagangan Antarabangsa dan Industri, Datuk Seri Mustapa Mohamed secara rasmi menyertai komuniti maya apabila melancarkan Facebooknya - usaha terbaik mendampingi rakyat dengan berkongsi idea dan pandangan. Facebook Mustapa mula diaktifkan sejak 21 Disember 2009 dan sejak dua bulan lalu telah mempunyai seramai 669 peminat yang terdiri daripada pelbagai latar belakang termasuk dari luar negara. Pelancaran laman sosial itu diadakan dalam Majlis Ramah Mesra Bersama Anak-Anak Kelantan sekitar Lembah Klang di kediaman beliau di sini semalam. Hadir sama, Timbalan Menteri Kewangan, Datuk Dr. Awang Adek Hussin yang juga Timbalan Pengerusi Badan Perhubungan UMNO Kelantan. Selain Facebook yang baru dilancarkan itu, beliau turut mempunyai medium komunikasi maya lain seperti laman web UMNO Jeli, dan laman komuniti Jeli, Kelantan, yang juga boleh diakses secara talian oleh orang ramai. Mustapa melihat penggunaan media sosial...
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Sesi Dialog Bersama Usahawan Bumiputera Sarawak
July 1, 2015 , by admin2
YB Dato’ Jacob Dungau Sagan Mempengerusikan Sessi Dialog  
YB Dato’ Jacob Dungau Sagan, Timbalan Menteri Perdagangan Antarabangsa dan Industri telah mempengerusikan satu sesi dialog bersama usahawan bumiputera Sarawak bertempat di Dewan Kenyalang, MPC Sarawak. Majlis ini bertujuan untuk mendapatkan pandangan dan maklumbalas mengenai idea-idea innovatif dan kreatif yang boleh menyumbang kepada aktiviti ekonomi masyarakat Bumiputera. Hasil daripada sesi dialog ini akan dibentangkan ke Majlis Penasihat Ekonomi Negara (MAPEN) yang kini sedang menggubal pelan pembangunan ekonomi dikenali sebagai ‘New Economic Model For Advanced Economy’.Dialog sebegini akan membolehkan Kerajaan, khususnya MITI, mendapatkan maklumbalas secara langsung, terus dan tepat tentang segala masalah dan isu-isu semasa yang dihadapi oleh masyarakat usahawan Bumiputera di Sarawak. Ini menunjukkan kesungguhan, keprihatinan dan komitmen kerajaan melalui MITI terhadap usaha-usaha membangunkan bumiputera dalam konteks pembangunan usahawan seterusnya mewujudkan...
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