ASEAN KEY DESTINATIONS
SMEs Association eyes incentives for SMEs to expand overseas
SME Association of Kuala Lumpur president, Megane S.C, Soo, hopes the government would give incentives for the small and medium enterprises (SMEs) to expand their businesses overseas.
"I wouldn't say cash alone. Perhaps another part of it would be to help the SMEs understand which (international) market they should go to and give more assistance, she told reporters after the SME Recognition Award 2014, Kuala Lumpur Roadshow, here Friday.
Soo said monetary support was definitely something the SMEs were looking for.
"But I would not encourage (the government) to give money only because they may not appreciate it," she said.
She suggested the government give the monetary support through incentives such as matching grants to the SMEs.
"I hope the government would encourage more SMEs to expand their businesses overseas by riding on the strong domestic market as SMEs were usually concerned about the higher expenditure," she said.
Meanwhile, SMI Association of Malaysia's deputy president, Michael Kang, hoped the government would look into the rising costs of doing business by SMEs in Budget 2015.
"The costs are currently huge. We hope the government would have more programmes to assist the SMEs, especially upon the implementation of the Goods and Services Tax next year," he said.
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