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Sunday, 25 Jul 2021 10:19 AM MYT
Food stall operators get ready to serve customers amid the movement control order in Seberang Jaya June 25, 2021. Picture by Sayuti Zainudin
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KUALA LUMPUR, July 25 Malaysia’s 907,065 small and medium enterprises (SMEs) are living in very uncertain times from day to day it seems almost impossible for them to predict what will come next.
Businesses across the country have barely hung on after the arrival and persistence of Covid-19.
In this regard, entrepreneurs need to live in a new normal, which would entail high adoption rate of technology as the businesses have learnt their lesson well during the coronavirus outbreak, says an economist.
For instance, matching grants of up to RM5,000 provided by Malaysia Digital Economy Corporation (MDEC) for digitalising the businesses should be fully utilised by SMEs in respect of technological adoption.
KUALA LUMPUR: Malaysia’s 907,065 small and medium enterprises (SMEs) are living in very uncertain times from day to day it seems almost impossible for them to predict what will come next.
Businesses across the country have barely hung on after the arrival and persistence of COVID-19.
In this regard, entrepreneurs need to live in a new normal, which would entail high adoption rate of technology as the businesses have learnt their lesson well during the coronavirus outbreak, says an economist.
25 Jul 2021 / 10:30 H. Pix for representational purpose only. -Bernama
KUALA LUMPUR: Malaysia’s 907,065 small and medium enterprises (SMEs) are living in very uncertain times from day to day it seems almost impossible for them to predict what will come next.
Businesses across the country have barely hung on after the arrival and persistence of Covid-19.
In this regard, entrepreneurs need to live in a new normal, which would entail high adoption rate of technology as the businesses have learnt their lesson well during the coronavirus outbreak, says an economist.
Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said small businesses must be cognisant on how they should seek help to upgrade their business operation, sales and market segmentation by ensuring that technology will be embedded in every aspect of their business.
Businesses across the country have barely hung on after the arrival and persistence of Covid-19.
In this regard, entrepreneurs need to live in a new normal, which would entail high adoption rate of technology as the businesses have learnt their lesson well during the coronavirus outbreak, says an economist.
Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said small businesses must be cognisant on how they should seek help to upgrade their business operation, sales and market segmentation by ensuring that technology will be embedded in every aspect of their business.
As such, he said, all SMEs should explore what assistance are provided by the relevant government agencies that can assist them in transforming their business in the most efficient and cost-effective manner.