MEDAC: 140,883 SMEs Participated In E-Commerce Platforms As Of September 2020

Alex Cheong Pui Yin

3rd December 2020 - 2 min read

(Image: New Straits Times)

The Ministry of Entrepreneur Development and Cooperatives (MEDAC) revealed that as many as 140,883 small and medium enterprises (SMEs) have participated in e-commerce platforms as of September 2020. This is in comparison with 42,620 SMEs that did so in 2019.

According to the Minister of MEDAC, Datuk Seri Wan Junaidi Tuanku Jaafar, the significant increase in the participation of SMEs in e-commerce is attributed to the implementation of the National E-Commerce Strategic Roadmap (NESR). To clarify, the NESR was launched in 2016 with the aim of doubling the country’s e-commerce growth rate and reach a GDP contribution of RM211 billion by 2020.

“The increase in online businesses can also be seen from the Companies Commission of Malaysia’s (SSM) statistics. A total of 85,901 online companies and businesses had been registered up to 30 September this year compared to 76,443 online companies and businesses registered for the whole of 2019,” said Datuk Wan Junaidi.

(Image: The Star/Raja Faisal Hishan)

The minister also noted that the highest number of registrations was recorded in July 2020, which involved 17,254 online companies and businesses. He said this during a parliament session in response to questions about the development of e-commerce during the Covid-19 outbreak, as well as the ministry’s new initiatives to increase e-commerce activities, particularly among bumiputera entrepreneurs.

Datuk Wan Junaidi went on to explain that aside from running existing programmes, the ministry has also designed and implemented several new programmes to encourage the adoption of e-commerce among entrepreneurs. Among some of the programmes quoted by the minister include the Online Onboarding Coaching Programme (E-Board), TEKUN Online Marketing, as well as TEKUN Nasional’s collaborations with Malaysia Digital Economy Corporation (MDEC).

(Source: The Edge Markets)

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Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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