SMEs need to be allocated 30 …

SMEs need to be allocated 30 pct of Govt procurement to survive, says Association

BERNAMA | 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 Asi…