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Over 98.5 percent of all businesses in Malaysia are SMEs. Hailed variously as unsung heroes, backbone of the economy and even as employers of last resort, the importance of SMEs to the country’s economy cannot be overstated. Yet, in 2021, SMEs only grew by 1% versus 4.4% among larger companies. This is underscored by a miniscule growth in labour productivity among SMEs of a mere 0.1% in…
