Financial inclusion a top national priority

Medium, small, and micro enterprises (MSMEs) make up 99% of total business in Malaysia. MSMEs also employ north of 7 million people, or, a staggering 65% of the population.

To quote SME Corporation Malaysia’s definition, “it refers to firms with sales turnover not exceeding RM20 million or number of full-time employees not exceeding 75”.

Another large sector of the Malaysian economy is…