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 at September 2020 compared with 42,620 SMEs in 2019.
Entrepreneur Development and Cooperatives Minister Datuk Seri Wan Junaidi Tuanku Jaafar said the significant increase in the participation of SMEs in e-commerce is attributed to the implementation of the National E-Commerce Strategic Roadmap (NESR).
“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,” he said.
According to the minister, the highest number of SMEs registered was recorded in July 2020, which involved 17,254 online companies and businesses
Furthermore, in responding to other initiatives taken to help SMEs, Wan Junaidi said the Ministry had also designed and implemented new programmes to further enhance e-commerce adoption by entrepreneurs, especially Bumiputera entrepreneurs.
Among the new programmes were the Online Onboarding Coaching Program (E-Board), TEKUN Online Marketing and TEKUN’s collaborations with Malaysia Digital Economy Corporation.