E-commerce adoption among small and medium enterprises (SMEs) is expected to grow to 50 per cent by 2020 from 32 per cent in 2016, driven by the sector's increasing interest in online business.
SME Corp Malaysia Chief Executive Officer Datuk Hafsah Hashim said SMEs were expected to be the main growth driver in the e-commerce industry, moving forward.
The industry was poised to grow 11 per cent per annum by 2020, accounting for 6.4 per cent of Gross Domestic Product, she told a press conference on the first National E-commerce Council meeting chaired by International Trade and Industry Minister Datuk Seri Mustapa Mohamed who later launched the 'Go Global Malaysia' programme here today.
Among other things, the meeting discussed the implementation of the National eCommerce Strategic Roadmap for 2017 and 2018.
"Today, we can see more SMEs getting involved in e-commerce, and they will be supported by the 'Go Global Malaysia' programme.
"We have already done it (e-commerce programmes for SMEs), but we want to do it better now. It (Go Global Malaysia) is more comprehensive, a total end-to-end package for SMEs," she said.
Hafsah said the programme was created to increase SMEs awareness of the opportunities in e-commerce, as well as, the business know-hows, including how to handle challenges.
She added that SMEs' success in e-commerce was due to their efficiency in running their business.
The 'Go Global Malaysia' programme is a public-private partnership initiative led by industry partners, namely, Google, Alliance Bank, Mastercard and Maxis, along with government partners including the Ministry of International Trade and Industry, Malaysia External Trade Development Corporation and Malaysia Digital Economy Corporation.
The programme empowered SMEs to build their business capabilities, connect with digital ecosystem partners, promote international exports and grow to be globally competitive companies.
Hafsah said the value of SME e-commerce transactions was expected to grow to 15 per cent by 2020 compared with about six per cent currently.
"We want to engage with more SMEs, and encourage their involvement in the e-commerce business-to-business and business-to-customers practices to create a more vibrant e-commerce community," she said.
- BERNAMA
Bernama
Wed Mar 15 2017
MUSTAPA: SMEs' success in e-commerce was due to their efficiency in running their business. - Gambar fail
Hyundai to invest RM2.16 bil in Malaysia through strategic partnership with INOKOM
This investment includes efforts to upgrade INOKOM's existing assembly capacity to meet Hyundai's automotive needs.
‘C4Cinta’ sets record as highest-grossing Malaysian Tamil film
'C4Cinta', directed by young filmmaker Karthik Shamalan, has set a new benchmark in Malaysian Tamil cinema.
Man charged with mother's murder, storing body in freezer
The court denied bail and scheduled case mention on Feb 7 for the submission of forensic, autopsy, and chemist reports.
Abolition of examination in schools to reduce pressure on pupils - Fadhlina
The classroom assessment approach offers a much more interesting learning ecosystem, says Fadhlina Sidek.
Google, Meta urge Australia to delay bill on social media ban for children
Google and Meta says the government should wait for the results of an age-verification trial before going ahead.
Judge tosses Trump 2020 election case after prosecutors' request
It represents a big legal victory for Donald Trump, who won the Nov. 5 US election and is set to return to office on Jan. 20.
DHL plane crash in Lithuania leaves authorities searching for answers
Rescue services said the plane hit the ground, split into pieces and slid over 100 metres (110 yards).
National squad to hold friendly matches for 2025 Indoor Hockey World Cup
The warm-up matches will involve matches against better ranked teams in the world, namely Austria (first) and Belgium (third).
G7 seeks unity on ICC arrest warrant for Netanyahu
The United States, part of the G7, has rejected the ICC decision, with President Joe Biden describing it as outrageous.
Francissca Peter remembers Tan Sri Ahmad Nawab: A tribute to a musical legend
A legend who has influenced our music for decades, was one of the highlights of my career, says Francissca Peter.
TikTok decision coming soon as Jan. 19 divestment deadline looms
Judges are reviewing TikTok's challenge to a law requiring ByteDance to sell its US assets by Jan. 19 or face a ban.
Lebanese sources: Biden, Macron set to announce Israel-Hezbollah truce
In Washington, White House national security spokesperson John Kirby said, "We're close" but "nothing is done until everything is done".
PM meets chaebol tycoon to attract more FDI to Malaysia
Chaebols are prominent figures from South Korea's family-owned conglomerates.
Govt won't allow non-citizen vehicles to enjoy RON95 subsidy - Economy Ministry
The implementation of the RON95 subsidy in 2025 is expected to provide savings of RM3.6 billion to government expenditure.
Ringgit opens lower as greenback gains ground
Dr Mohd Afzanizam says the market responded positively to news of hedge fund manager Scott Bessent heading the US Treasury Department.
Management of low-cost housing, gov't quarters, focus at Dewan Rakyat today
Also among the highlights, UNICEF report on 12.3pct of teenagers in Klang Valley's PPR face mental health issues and suicidal tendencies.
UN Resolution 1701, cornerstone of any Israel-Hezbollah truce
Here are the resolution's main terms, and a note about subsequent violations and tensions.
Record aid worker deaths in 2024 in 'era of impunity', UN says
So far this year there have been 281 aid worker victims, according to the Aid Worker Security database.
Why India's toxic farm fire counting method is disputed
Here's how India counts farm fires - a major contributor to severe pollution in the north - and why its method is being questioned.
Divisions on curbing plastic waste persist as UN treaty talks begin
South Korea is hosting the fifth and ostensibly final UN Intergovernmental Negotiating Committee (INC-5) meeting this week.