SMEs need to be allocated 30 pct of Govt procurement to survive, says Association
Source: BERNAMA
Published on: 2021-02-22 11:10
He said about 30 per cent were uncertain about reducing their workforce amid the economic uncertainties. In 2020, about 10 per cent of the respondents laid off their workers. Most respondents recorded lower sales performance last year. Only 30 per cent said their sales increased. To enable swift business recovery and sales uptick, Ng urged SMEs to place their focus on areas of digitalisation emphasised by the government, in line with the Malaysia Economy Digital Blueprint launched last week. Meanwhile, Kaspersky Southeast Asia general manager Yeo Siang Tiong, who was also at the session, said SMEs in Malaysia were evidently harnessing the power of digitalisation in the pandemic era. "However, the increased online activities have also opened loopholes for cybercriminals," he said, adding that on average, a single data breach could cost as much as RM400,000 to an SME in Southeast Asia...
(Please login to view full article)Third-Party Content Disclaimer
Content displayed on this platform may include news articles, reports, and other materials aggregated from publicly available third-party sources through automated tools. Such content is not created, written, commissioned, or edited by Straits Interactive Pte Ltd or the Data Protection Excellence (DPEX) Network.
While we take reasonable steps to ensure responsible publication, we do not independently verify all third-party information and make no representations as to its accuracy, completeness, or reliability.
The views, findings, and statements expressed in third-party content belong solely to the original source and do not reflect the views of Straits Interactive Pte Ltd or the DPEX Network.
If you believe any content is inaccurate, infringing, or should be removed, please contact us at legal@straitsinteractive.com. We will review the matter and, where appropriate, take action in accordance with our internal policies.
Unlock these benefits
Get access to news, enforcement cases, events, and actionable tips and guides
Get regular email updates and offers
Job opportunities, mentorship and career guidance
Exclusive access to Data Protection community - ask questions, network and share knowledge with peers and experts via WhatsApp and Linkedin
DPEX Network is a Community Initiative of Straits Interactive.
Copyright © Straits Interactive Pte Ltd. All Rights Reserved.
All intellectual property rights to logos and brands featured on this website remain the property of their respective owners.