The creation of a dedicated ministry for micro-, small- and medium-sized enterprises will allow for swift responses to their issues, says SME Association of Malaysia president Chin Chee Seong.
Chin said the setting up of such a ministry, proposed last week by Petaling Jaya MP Lee Chean Chung, was long overdue given the role of smaller enterprises in the economy and the sector’s struggle to recover since the Covid-19 pandemic.
“This ministry would create a clear central command structure capable of responding swiftly to issues such as digitalisation, financing, regulatory burdens and global competition,” Chin told FMT.
Economist Barjoyai Bardai also suggested that the minister for the proposed ministry be appointed from among accomplished entrepreneurs through a senatorial appointment. “I am sure they have all the…