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Govt To intensify Participation Of SMES In Online Business

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MELAKA – The government will intensify the involvement of small and medium entrepreneurs in conducting their business online in tandem with technological advancement and social media.

International Trade and Industry Minister Datuk Seri Mustapa Mohamed said the move, which would be undertaken with the cooperation of the Multimedia Development Corporation Sdn Bhd (MDeC), was suitable with the current trend of youngsters who made purchases online.

“There are vast opportunities and yesterday I had a meeting with SME Corporation Malaysia to see how we could make this a reality.

“We also have plans to develop a portal to penetrate the Asean market since e-commerce had assumed a major role in the way business is conducted today,” he told reporters after opening the National One District One Industry Showcase here today.

Elaborating further, Mustapa said SME Corporation recently conducted a study which revealed that the use of e-commerce was at its lowest among SMEs.

From 2,079 respondents surveyed in the first quarter of this year, only 7.6 per cent of SMEs were doing online business.

“Of this, 58.9 per cent recorded improvements in their business while 74.7 per cent admitted that online transaction reduced their operational cost considerably,” he said.

Mustapa said online business would also help SMEs spread their wings to Asean markets and in this light the ministry would organise courses and classes for entrepreneurs and SMEs on how to conduct business online. – BERNAMA

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