The Awards identified and recognised Malaysia’s fast moving small & medium enterprises (SMEs) and promotes excellence, best practice and innovation in small & medium enterprises in Malaysia.
Deputy Minister of International Trade and Industry (MITI), Datuk Hamim Samuri who officiated the released of the list and presented awards to the top 100, said that the government has always facilitated a pro-business environment.
“The Government is determined to facilitate the growth and development of a competitive and resilient SME sector as a key component of the Government’s economic growth strategy”, Hamim said.
The SME 100 Report surveyed 2,000 top SMEs in Malaysia between July and October this year, with the top 100 selected among the respondents based on quantitative criteria such as revenue growth and profit, and qualitative criteria such as business outlook, investment in training, and R&D efforts, to receive the SME 100 Award.
Deputy Minister of Science, Technology and Innovation, Datuk Dr Abu Bakar Mohd Diah, who was also present at the awards ceremony advised SMEs to adopt innovation as a game changer.
“Products and services are becoming more similar. What you can produce and sell, so can our competition from other countries. As such, the only thing that can set us apart, and keep us ahead, is our ability to innovate as a country”, Abu Bakar said.