3. Johor Bahru Chinese Chamber of Commerce & Industry (JBCCCI),
Committee Chairman of SME & HRM (2003- April 2009)
4 . Johor CCCI, Committee Chairman of SME & HRM
(2003 – April 2009)
5. ACCCIM, Committee Member of SME & HRM (2003 – April 2009)
IBM Confidential In tandem with global market conditions, Malaysia is expected to experience lower growth rates in 2009
First Quarter 2009 – Contracted 6.2% (BNM)
2009 GDP growth estimated to be -4% to 5% (MIDA)
Total FDI in 2008 estimated to be US$6.6bil but expected to plunge to only US$1.1bil in 2009 (EIU).
Inflation for 2009 is forecasted to be 3.5%. (BNM)
Unemployment rate forecast for 2009 : 4.5% (MIER)
Malaysia is increasingly feeling the impact of the global economic crisis
Total exports in December 08 dropped 14.9% compared to a year ago and expected to be on a downward decline in the Q1 of 2009 (manufacturing – 17.6%)
However, for full year 2008, Malaysia’s external trade balance posted a surplus of RM142.0 billion (US$39 billion), surged 41.5% compared to last year. Total exports increased by 9.6% to RM663.5 billion (US$182 billion)
Malaysia’s top ten trading partners were Singapore, the USA, Japan, China, Thailand, Korea, Indonesia, Hong Kong, Taiwan, and Germany. These countries accounted for 71% of Malaysia’s total trade in 2008.
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)
In Malaysia, there are 556,000 SMEs (99.2% registered company). More than 90% of SMEs are in manufacturing. The development of SMEs is at the forefront of the nation’s thrust towards achieving industrialized country status.
SMEs contributed 32% of the country’s GDP in 2008 and target to increase to 37% in 2010.
56% - Employment (6 million) & 19% - Export
Malaysia is also the 21st largest trading nation in the world. 76.2% of Malaysian exports are manufactured goods.
Export activities would continue to be a key strategy for the Malaysian manufacturing sector and national economy.
To improve our competitiveness outside of Malaysia, SMEs must leverage IT to grow
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
Total establishments = 556,804
No. of SMEs = 551,267 (99.2%)
TOTAL ESTABLISHMENTS BY SIZE MICRO SMALL MEDIUM LARGE