SMALL and medium enterprises (SMEs) are the backbone of Malaysia’s economy, forming the majority of local businesses.
According to the Department of Statistics Malaysia (DOSM), 98.5% of total businesses in Malaysia are SMEs of which 693,670 firms are micro, 192,783 firms are small and 20,612 are medium-sized firms that bring up the total of SMEs in Malaysia to 907,065 firms.
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