SINGAPORE: SME Corp. Malaysia and Enterprise Singapore have signed a Memorandum of Understanding (MoU) to enhance the growth of Micro, Small and Medium Enterprises (MSMEs) between Malaysia and Singapore.
The MoU was officially signed by Mr. Rizal bin Nainy, Chief Executive Officer of SME Corp. Malaysia, and Mr. Lee Chuan Teck, Chief Executive Officer of Enterprise Singapore, with the objective of strengthening bilateral relations, particularly in the areas of digitalisation, training, sustainability, and greater market access for MSMEs in Malaysia and Singapore.
Malaysia has identified eight priority sectors for business matching which include smart agriculture, electrical and electronic, aerospace, medical devices, halal industry, oil and gas, tourism, and biomass.
The trade relationship has continued to flourish into 2023, highlighting the importance of the strategic partnership between the two countries. Datuk Ewon Benedick, Minister of Entrepreneur Development and Cooperatives and H.E. Dato’ Dr. Azfar bin Mohamad Mustafar, High Commissioner of Malaysia to the Republic of Singapore, were also present during the signing of the MoU. -- Nabalu News
