SME Sector defies challenges to sustain Strong Growth in 2016
23 December 2016 | Source: Bernama
KUALA LUMPUR, Dec 23 (Bernama) - The small and medium enterprise (SME) sector continued its strong growth in 2016 as it persevered the global economic uncertainty and contributed to the country's economy moving forward.

Being the backbone of the country's economy, accounting for 97.3 per cent of the total business setups across the property, services, manufacturing, construction and agriculture industries, the SME sector was impacted by the global volatility, largely due to slumping oil prices and the weakening ringgit.

"The declining oil prices and the weakening ringgit were among the major challenges that impacted our SMEs this year, especially those exporting their products and services," SME Corporation Malaysia (SME Corp) Chief Executive Officer Datuk Hafsah Hashim told Bernama.....

Bernama

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