PETALING JAYA: Small and medium enterprises (SMEs) were urged to fully utilise their existing skills and grab opportunities that will contribute to the country's economic growth. Entrepreneur Development Minister Datuk Seri Mohd Redzuan Md Yusof said the gross domestic product (GDP) contribution from SMEs was still low and had yet to meet the targeted national revenue. He said all SMEs and Bumiputera-based co-operatives should contribute at least 50 per cent to the country's GDP by 2030. "The co-operatives, with at least 6.5 million registered members and 14,000 co-operatives in the country, are also yet to be productive. He also urged SMEs and Bumiputera co-operatives to prepare a targeted data (statistics) of their respective businesses.

Source: New Strait Times October 13, 2019 11:26 UTC