Sign up | Log in



Home  >>   Daily News  >>Asean>>Economy>>ASEAN to launch SME programme
NEW UPDATES Asean Affairs   20  November 2015  

ASEAN to launch SME programme

A PROGRAMME to help small and medium enterprises (SMEs) tackle challenges such as expansion and access to finance will be launched this Saturday.

This programme is in line with ASEAN’s plan to develop its SMEs.

SME Corp Malaysia, a Malaysian coordinating agency for SME development, will be launching the SME Action Plan for 2016-2025.

The Malaysian state news agency reported there was strong demand from ASEAN member countries to learn from Malaysia’s expertise in Islamic financing.

Bernama, quoting SME Corp Chief Executive Officer Datuk Hafsah Hashim, reported ASEAN member countries are also “observing” Malaysia’s Credit Guarantee Corporation, which helps SMEs with inadequate collateral obtain funds from financial institutions.

“A number of ASEAN countries do not have credit guarantee corporations in their countries. So using the success and the model that is applied here, they now want to emulate Malaysia in introducing CGCs in their countries,” she said.

Datuk Hafsah said the action plan will boost the capabilities of ASEAN SMEs to become globally competitive.

The programme will also continue from the ASEAN Strategic Action Plan for SME Development 2010-2015.

The plan previously said SMEs face with a range of challenges including structural, financial and limited technology.

“There is also the question of entrepreneurial spirit and management skills among ASEAN SMEs. These problems are compounded by the lack of information, inadequate capacity for compliance with standards and certification, and the absence of a more conducive business and policy environment,” the plan for SME Development 2010-2015 said.

ASEAN Business Advisory Council Malaysia Chairman Tan Sri Dr Munir Majid previously said the plan is a critical socio-economic factor of the US$2.4 trillion ASEAN Economic Community.

The new SME action plan will be launched on the second day of the ASEAN Business and Investment Summit (ABIS) 2015, which will be held November 20 to 21 at the Shangri-La Hotel in Kuala Lumpur.

According to the current programme, ABIS will feature speeches by heads of state including a keynote speech from Malaysian Prime Minister Dato’ Sri Mohd Najib Tun Hj Abdul Razak. There will also an address by US President Barack Obama, Japanese Prime Minister Shinzo Abe and Indian Prime Minister Narendra Modi. Other events include a panel with ASEAN Economic Ministers, the launch of the Growth Accelerator Exchange and the presentation of the ASEAN Business Awards by Malaysia’s Prime Minister.

The ABIS serves as a platform for the business and government leaders to get together to explore new ideas, challenge perspectives and gain insights to help propel businesses towards regional success.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           November 20 , 2015 Subsribe Now !
• Kyaukse power plant project extended through 2016 Subcribe: Asean Affairs Global Magazine
• Fruit, vegetable exports on target
• Indomobil taps into logistics amid slowdown in auto sales
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Myanmar ruling party MPs gracious in defeat - for now
SGX plans bond trading platform launch in Q1
Asean Analysis                   November 13, 2015
• Asean Analysis November 13, 2015
President Obama Needs to Visit Singapore Next Year
Advertise Your Brand

Asean Stock Watch  November 19,   2015
• Asean Stock Watch-November 19, 2015
The Biweekly Update
• The Biweekly Update November 13, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand