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Tech-driven industry leap

International Trade and Industry Deputy Minister Datuk Lim Ban Hong (pic) said lack of technological knowledge has been one of the challenges SMEs faced in digitalising their businesses. PETALING JAYA: The government is urging more public-private partnerships to help pave the way for small and medium enterprises (SMEs) to become more technology-driven. International Trade and Industry Deputy Minister Datuk Lim Ban Hong said lack of technological knowledge has been one of the challenges SMEs faced in digitalising their businesses. “I hope the government agencies can be more proactive in reaching out to the businesses in need. “Working together with industry associations is one of the good ways to approach the business community, ” he said in his speech yesterday at a ceremony that saw the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) signing memorandums of understanding (MoU) with the Malaysian Industrial Development Finance (MIDF) and Malaysian T

Pemerkasa: Facilities increased for SMEs and co-ops

With this addition the facility provided by Bank Negara for SMEs stands at RM6bil. A fund totalling RM200mil under the Malaysian Industrial Development Finance (MIDF) is available for financing the development of automation, digitalisation and the usage of green technology. MIDF will also lower their interest rates from 5% to 3% for a period of 12 months effective April 1,2021, he said. Apart from that, Muhyiddin added that an additional allocation of RM50mil for the Smart Automation Grant under Malaysian Investment Development Authority (Mida) will be provided to enable more SMEs and mid-tier companies to enhance operational and manufacturing efficiencies through high-tech processes.

East Asia s Paths to Industrialisation and Prosperity : Lessons for India and Other Latecomers in South Asia

New Delhi: Oxford University Press, 2019; pp xx + 295, ₹ 895. Oxford: Oxford University Press, 2019; pp xxiv + 577, price not indicated. Asia’s Journey to Prosperity: Policy, Market, and Technology Over 50 Years by Asian Development Bank,  Manila: ADB, 2020 (ebook), http://dx.doi.org/10.22617/TCS190290.   The transformation of Asia from its status as the most impoverished region to the growth locomotive of the world economy within five decades is unprecedented and nothing short of a miracle. The achievement seems all the more profound when juxtaposed with a very pessimistic outlook of Asia’s deve­lopment prospects made by Gunnar Myrdal in his three-volume tome  Asian Drama: An Inquiry into the Poverty of Nations, published in 1968.

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