Saidi, Normaizatul Akma and Ahmad Raston, Nursalihah and Mohd Radzi, Naziatul Aziah and Saidi, Noraida
(2024)
The struggles of small and medium enterprises in Malaysia: navigating economic uncertainty.
Bulletin.
Universiti Teknologi MARA, Terengganu.
Abstract
The Malaysian economy is primarily composed of small and medium-sized firms, or SMEs. Nearly 70% of workers are employed by small enterprises, which account for 98.5% of all businesses in Malaysia (Department of Statistics, 2021). The GDP of Malaysia was boosted by 1,226,494 small enterprises in 2021, amounting to RM500 billion, or almost 38%. Even though SMEs are the backbone of the country’s economy, they frequently encounter difficulties, ranging from volatile international markets to modifications in internal policies. This article highlighting their challenges for building resilience in the current economic situation.
Metadata
Item Type: | Monograph (Bulletin) |
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Creators: | Creators Email / ID Num. Saidi, Normaizatul Akma akma.s@umk.edu.my Ahmad Raston, Nursalihah UNSPECIFIED Mohd Radzi, Naziatul Aziah UNSPECIFIED Saidi, Noraida UNSPECIFIED |
Contributors: | Contribution Name Email / ID Num. Chief Editor Zulkornain, Luqmanul Hakim luqman562@uitm.edu.my |
Subjects: | H Social Sciences > HB Economic Theory. Demography > Entrepreneurship. Risk and uncertainty > Malaysia |
Divisions: | Universiti Teknologi MARA, Terengganu > Dungun Campus > Malaysia Academy of SME and Entrepreneurship Development (MASMED), UiTM Terengganu |
Journal or Publication Title: | Info Usahawan |
ISSN: | 1823-6421 |
Keywords: | Malaysian economy, Small and medium-sized firms |
Date: | 2024 |
URI: | https://ir.uitm.edu.my/id/eprint/122234 |