How SMEs can leverage Technology to overcome economic challenges and stay competitive

Teh Kee Sin President SME Association of South Johor, Johor How SMEs can leverage Technology to overcome economic challenges and stay competitive

Teh Kee Sin (MBA, Demonfort UK) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

IBM Confidential In tandem with global market conditions, Malaysia is expected to experience lower growth rates in 2009 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Economic Trends Country Data and Trends Source: Dept of Statistics Malaysia, MIER Source: Economist Intelligence Unit GDP Growth (%) Export Growth (%), 2008 Y-o-Y Source: DOS, CEIS (Extracted from CIMB Research Report dated 13 February 2009)

Overview on SMEs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

435,324 (78.7%) 100,333 (18.2%) 12,610 (2.3%) 4,537 (0.8%) Source: Census of Establishments & Enterprises 2005 – Profile of SMEs ,[object Object],[object Object],TOTAL ESTABLISHMENTS BY SIZE MICRO SMALL MEDIUM LARGE

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Key Challenges

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TAP ON THE STIMULUS PACKAGES FOR SMEs 1.Working Capital Guarantee Scheme (WCGS) – 5 billion 2.Industry Restructure Loan Guarantee Scheme (IRLGS) - 5 billion RM2billion RM60 billion SME Assistance Guarantee Scheme (SAGS) RM7billion 2 nd Stimulus Package (8 th Mac 2009) Special Assistance (3 rd Feb 2009) 1 st Stimulus Package (Nov ’08)

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How can Manufacturing be smarter? ,[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],Conclusion - How SMEs can leverage Technology to overcome economic challenges and stay competitive

How SMEs can leverage Technology to overcome economic challenges and stay competitive

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How SMEs can leverage Technology to overcome economic challenges and stay competitive