The struggles of small and medium enterprises in Malaysia: navigating economic uncertainty

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)
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
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122234

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