Government's Pledge to Help Malaysian Smes

Small and medium-sized industry players in the country can wear some breath of relieve as the federal presidential term recently made the pledge to help SME players weather the fall economic climate. The New Straits Times in star of its reports recently quoted Deputy Prime diplomatic minister Datuk Seri Najib Razak as manifestation that germane(predicate) ministries had been directed to submit recommendations to provide the necessary assistance. Najib express the SMEs would be assisted to face the extraordinary economic bunk and sharp drop in demand for their products. We hope the relevant authorities and ministries can send in their recommendations or proposals quickly. The giving medication is prepared to look into ways to help the SMEs, Najib said, as reported. Prime Minister Datuk Seri Abdullah Ahmad Badawi recently said that the establishment would continue to closely admonisher global economic nurtures and take steps to keep the home(prenominal) economy on an even keel. He said the government had taken pre-emptive measures to cushion the impact by announcing a RM7 trillion stimulus package alongside plans to liberalise the services sector.

SMEs contributed 32 per cent of gross domestic product, made up 56 per cent of total employment, and accounted for 19 per cent of total exports. Therefore, it is exceedingly clear that as we attempt to ride out the assault ahead of us, we must stand committed to the development of a robust and competitive SME sector, Abdullah had said. He further said that banks and development institutions approved RM63.2 billion in funding to over 132,000 SME accounts in 2007. Najib also had denied that multinationals were deserting the country due to worldwide economic uncertainties. If you want to get along a full essay, order it on our website: Orderessay

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