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Malaysia's KUSKOP ministry has deployed nearly RM3 billion since 2023 to strengthen Bumiputera entrepreneurs through targeted programmes, with measured success including 20% sales increases and 150 expanded businesses.
Micro, small and medium enterprises remain crucial to Malaysia's economy, representing 97 per cent of business transactions and generating over half of all employment nationwide, Deputy Prime Minister Ahmad Zahid said.
Malaysia's government is developing comprehensive legislation to regulate e-commerce platforms and protect local micro, small and medium enterprises. The framework addresses enforcement gaps against foreign sellers and tackles counterfeit products in the rapidly growing digital commerce sector.