Epicor lauds govt’s initiatives to increase private investment for SMEs

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KUALA LUMPUR: Epicor Software Corporation applauds the government’s initiatives to take a regulatory and facilitative role to increase private investment through target strategies such as improving access to financing and improving regulations to be more business friendly for the Small and Medium Enterprises (SMEs).

Epicor Asia Senior Director of Professional Services, Kenneth Hedh, said through the Eleventh Malaysia Plan, the SMEs would be given special focus as the private sector was expected to continue its significant role to help Malaysia become an advanced economy and inclusive nation.

Among the five strategies are to reduce the cost of doing business, provide performance-based incentives, address the talent gap and mismatch, as well as to further improve access to financing for businesses.

According to Prime Minister Datuk Seri Najib Tun Razak, the development of SMEs will be based on the SME Masterplan (2012-2020) which targets to increase their contribution to the gross domestic product (GDP) to 41 per cent by 2020.

“Given that more than 99 per cent of businesses in Malaysia are SMEs, it is crucial to retain a proper economic growth, in the means of employing a large portion of Malaysia’s 12 million labour force,” said Hedh in a statement.

Epicor Software Corporation is a global leader in business software solutions for the manufacturing, distribution, retail and services industries, serving small, mid-market and larger enterprises. — Bernama