“Unless we introduce a ‘game changer’, we will be caught in a middle-income trap, whereby we are no longer as competitive on cost as some countries.”
“Going forward, the Government would adopt a differentiated approach to accelerate the growth of SMEs and to provide the impetus for growth led by the private sector.”
“…an innovation-led economy demands a new breed of SMEs that can help foster market and technology-driven innovation to create more high-skilled jobs in all economic sectors.”

     
“SMEs are important source of economic growth and will continue playing a vital role in Malaysia’s economic development as we work towards high income nation status.”

“SMEs account for 97.3% of the total business establishments in Malaysia and for 57% of total employment and contribute about 33% to GDP and 19% of total exports of the nation.”

 Source: Economic Census 2011, Profile of Small and Medium Enterprise
   

                                                                                                             Dato’ Sri Mohd Najib Tun Haji Abdul Razak
                                                                               Prime Minister of Malaysia/ Chairman of National SME Development Council