‘Greater PPP participation needed to realise NEF objectives'

KU ALA LUMP UR: The Ministry of Entrepreneur Development (MED) is calling for greater public-private partnership (PPP) participation to real is ethe objectives outlined within the National Entrepreneurship Framework (NEF).

Secretary-General Datuk Wan S ur a ya Wan M oh dR a dz is aid that such partnerships are important elements in nurturing the entrepreneurial spirit among Malaysian businesses as set out within the NEF's strategic objectives.

“One of the framework's target is for small-medium enterprises (SMEs) to contribute 41 per cent to Malaysia's gross domestic product by 2020, which currently stands at about 37 per cent,” she said in a statement yesterday.

Wan Suraya said the ministry planned to create one million jobs within the next five years which would entail 50,000 entrepreneurs creating 200,000 job opportunities annually.

“We also aim to train 50,000 graduates annually in the entrepreneurial sector, ensure aRM 50 billion turnover by co-operatives by 2020, and increase SME contribution to exports from the present 17 percent to 23 per cent then,” she added.

Meanwhile, Wan Suraya congratulated Commerce. Asia founder and executive chairman Ganesh Kumar Bangah in a meeting today on the recent acquisition of Pan Pages Lab SdnBhd, the owner of Southeast Asia' s largest SME database.

Panpages's database contained insights into seven million SMEs spanning six countries – Malaysia, Singapore, Thailand, Vietnam, Indonesia, the Philippines and Cambodia.

Ganesh said the strategic acquisition gave the company valuable insights into five key A sean countries that was valuable in today's evolving online marketing and sales opportunities.

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