CYBERJAYA, Feb 17 — The digitalisation of Malaysia’s economy would not be possible without the digitalisation of small and medium enterprises (SMEs) that make up 98.5 per cent of the country’s businesses, says Finance Minister Lim Guan Eng. He said many SMEs, however, are not yet ready to be...
Finance Minister Lim Guan Eng speaks at the media conference after the launch of a RM500 million matching grant scheme for the digitalisation of SMEs in Cyberjaya February 17, 2020. — Bernama pic
Under this grant scheme, the government will finance 50 per cent of the cost to subscribe to relevant digital services from technology solution providers.To channel these grants, the ministry has appointed Bank Simpanan Malaysia as the main enabler in a strategic collaboration among BSN, SME Bank Group and the Malaysia Digital Economy Corporation .
The grant scheme is necessary to enhance the contribution of the digital economy to gross domestic product from 18.5 per cent in 2018 to 21 per cent in 2022, he noted.
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