Shift to outcome-based assistance for SMEs, says association

Key points

• The success of aid initiatives should ultimately be evaluated based on concrete operational outcomes, such as whether a business successfully automates its operations, improves productivity, exports goods, or expands into regional markets, he said.
• To strengthen domestic direct investment, Chin called on Putrajaya to incentivise local businesses to reinvest and expand, and encourage GLCs, government-linked investment companies, and institutional investors to co-invest alongside promising local SMEs.
• To prevent further strain on business continuity, Chin proposed that the government conduct a comprehensive cumulative cost and regulatory impact assessment for SMEs before introducing major policies that increase business expenses.

Sentences selected automatically from the original article by Free Malaysia Today.