What specific government support is needed for MSME digitalisation?

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Government Support Crucial for MSME Digitalisation

Businesses require immediate financial assistance, particularly for driving digital innovation, as the current pace of digitalisation adoption among micro, small, and medium enterprises (MSMEs) remains a concern. The government is urged to expedite support for MSMEs to embrace digital transformation and enhance their infrastructure.
Short-Term Funding for Digital Innovation

Industry leaders have highlighted the necessity of short-term funding to stimulate digital innovation within MSMEs. A survey conducted in late August indicated that the adoption rate of digitalisation has not been encouraging. Therefore, there is a strong call for the government to increase its efforts in assisting MSMEs with digitalisation and concurrently improving essential infrastructure.
Infrastructure Improvements

The provision of improved infrastructure is a key component for successful MSME digitalisation. While the specific details of these infrastructure enhancements are not elaborated upon, the sentiment from industry groups is that such improvements are urgently needed to support the digital transition of these businesses.
Government Assistance and Economic Environment

Beyond funding and infrastructure, a more liberal economic environment is essential for MSMEs to achieve the ambitious targets set in the 12th Malaysia Plan (12MP). This includes avoiding policies that might stifle growth, such as overly tight regulations or increased taxation during the recovery phase. Suggestions include allocating a minimum of 30 per cent of government procurement to SMEs on a tender basis and reducing the cost of doing business through streamlined processes and policies.

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What specific government support is needed for MSME digitalisation?

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