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).