Is Budget 2021 A Boost To Malaysia S Smes



Malaysia’s SMEs need to expel the three million foreign labour, much of it illegal immigrants, introduce a higher minimum wage, increase salaries, and give those jobs to Malaysians. However, to do that, they need to first be less labour-dependent and more high-tech. If not, Malaysia is neither here nor there. We are not a Japan or Korea and neither are we a Vietnam or Cambodia. NO HOLDS BARRED
Raja Petra Kamarudin
Small and medium enterprises (SMEs) make up 99% of the 920,624 business establishments in Malaysia. In 2018, SMEs employed 66.2% of the workforce in Malaysia, contributing RM522.1 billion, or 38.3%, to the Malaysian GDP. They are classified into three categories: micro, small, and medium, defined by industry, sales turnover, and the number of employees. Micro-enterprises make up 76.5% of Malaysian SMEs. In contrast, medium-sized enterprises comprise only 2.3% of SMEs. (The London School of Economics and Political Science: READ MORE HERE)

Over the next two weeks or so from tomorrow, Malaysia’s 222 Members of Parliament are going to debate Budget 2021. Instead of trying to see how Budget 2021 can be used to bring down the government via a backdoor no-confidence motion, MPs should focus on whether Malaysia’s SMEs are getting the proper support in the Budget.
Under Tun Dr Mahathir Mohamad, Malaysia focused on heavy industries, neglecting what was then called “cottage industries” — which to Mahathir was not glamorous enough. Malaysia’s Trade and Industry Minister, Rafidah Aziz, promoted Malaysia as a destination for cheap labour, where investors can relocate their factories from “expensive” countries, such as the US and Europe, to Malaysia.

Malaysia’s SMEs choose cheap illegal labour over technology Singapore’s strategy, on the other hand, was to promote the island-state as a destination for skilled workers. That was why Singapore became more popular amongst foreign investors who preferred skills to a lower cost with a lower quality workforce.
This lower cost with a lower quality workforce worked for a while, at least back in the 1960s and 1970s. Then, when the wars in Indochina ended, and Vietnam, Cambodia, etc., opened up, Malaysia lost out in the “lower cost with a lower quality workforce” category.

Mahathir wanted Malaysia to be like Japan but the SMEs wanted to be like Vietnam To make up for its un-competitiveness in terms of cost of labour, Malaysia began to import cheap labour, much of it being illegal immigrants. Factories could now pay below-market labour cost on an under-the-table arrangement. That may have solved an economic problem, but it opened up a social problem instead. It also caused unemployment amongst the “more expensive” local labour force comprising of local-born Malaysian citizens.
Imported labour and/or illegal immigrants was considered a “necessary evil” to help Malaysia’s SMEs remain competitive against “cheaper” countries such as Indonesia, Thailand, Philippines, Thailand, Vietnam, Cambodia, Burma, etc. Malaysia should have learned from the Japan, Korea and Taiwan example, where “cheap” is only temporary and eventually you need to go high-tech, like what Singapore did.

The four Asian Tigers: Singapore, Hong Kong, South Korea and Taiwan Mahathir invented the “Look East Policy”. But he did not follow his own policy. Singapore, Hong Kong, South Korea and Taiwan, the four Asian Tigers, (Malaysia was NEVER one of the Asian Tigers as Pakatan Harapan claims), followed Japan and abandoned price for high-tech. Malaysia still chose cheap labour over high-tech.
Today, big businesses all over the world are collapsing. And it is not just because of the Covid-19 coronavirus pandemic. Many of these businesses were already floundering long before January this year. The Covid-19 problem just nailed the coffins they were already sleeping in.
The doctrine here is “change or die”. Those that change survive. Those that resist change die. And Malaysia’s SMEs are still stuck in the 1960s and 1970s. Hence no amount of government support can help them. Malaysia’s SMEs are still labour dependent, and cheap or illegal labour at that too.
Malaysia’s SMEs need to expel the three million foreign labour, much of it illegal immigrants, introduce a higher minimum wage, increase salaries, and give those jobs to Malaysians. However, to do that, they need to first be less labour-dependent and more high-tech. If not, Malaysia is neither here nor there. We are not a Japan or Korea and neither are we a Vietnam or Cambodia.
 


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

https://www.malaysia-today.net/2020/11/08/is-budget-2021-a-boost-to-malaysias-smes/

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Malaysia S Economy Projected To Grow Up To 7 5 Next Year Says Government As It Tables Expansionary 2021 Budget

Malaysia S Economy Projected To Grow Up To 7 5 Next Year Says Government As It Tables Expansionary 2021 Budget

papar berkaitan - pada 6/11/2020 - jumlah : 351 hits
Malaysia s economy is projected to rebound with a growth between 6 5 per cent and 7 5 per cent next year said the government on Friday as it unveiled an expansionary budget geared towards a recovery from COVID 19 The government led by Prime...
Budget 2021 To Boost Digital Economy Khazanah Research

Budget 2021 To Boost Digital Economy Khazanah Research

papar berkaitan - pada 7/11/2020 - jumlah : 307 hits
Budget 2021 is an important step to enable the nation to face the COVID 19 crisis squarely and move forward with hope and confidence says Khazanah Research Institute chairperson Nor Mohamed Yakcop He said the Covid 19 pandemic has sped up t...
Muhyiddin Hopes All Mps Will Support Budget 2021

Muhyiddin Hopes All Mps Will Support Budget 2021

papar berkaitan - pada 4/11/2020 - jumlah : 318 hits
Tan Sri Muhyiddin Yassin today expressed hope that all Members of Parliament including those from the opposition bloc will support the national Budget 2021 which will be tabled at Parliament this Friday for the sake of the people s wellbein...
Pkr Mp No Blank Cheque Support For Budget 2021

Pkr Mp No Blank Cheque Support For Budget 2021

papar berkaitan - pada 15/11/2020 - jumlah : 313 hits
The Perikatan Nasional government should not expect blank cheque support from all MPs for Budget 2021 said PKR s Pasir Gudang MP Hassan Karim Hassan said all MPs have taken an oath to protect public interest and the Federal Constitution hen...
Sports Bodies Seek More In 2021 Budget After Covid 19 S Ravages

Sports Bodies Seek More In 2021 Budget After Covid 19 S Ravages

papar berkaitan - pada 5/11/2020 - jumlah : 335 hits
Professional sports such as badminton and football have been forced to halt or be played without spectators because of Covid 19 PETALING JAYA Major sporting bodies are hoping that next year s budget will include items that will make up for ...
Budget 2021 Survey Shows 68 Malaysians Want Mps To Heed Agong S Advice

Budget 2021 Survey Shows 68 Malaysians Want Mps To Heed Agong S Advice

papar berkaitan - pada 5/11/2020 - jumlah : 358 hits
A recent survey found that 68 per cent of Malaysians agreed that Parliament should heed the advice of the Yang di Pertuan Agong and pass Budget 2021 a think tank said today Institute of Strategic Analysis and Policy Research deputy chairman...
Budget 2021 Amanah Mps Hint Of Support If In Malaysians Interest But Pkr Lawmakers Would Rather Wait And See

Budget 2021 Amanah Mps Hint Of Support If In Malaysians Interest But Pkr Lawmakers Would Rather Wait And See

papar berkaitan - pada 3/11/2020 - jumlah : 355 hits
Parti Amanah Negara vice president and Pokok Sena MP Datuk Mahfuz Omar said the Budget should not be viewed only in terms of addressing the Covid 19 pandemic but holistically as in previous years Picture by Yusof Mat IsaKUALA LUMPUR Nov 3 O...
Bn Lawmakers Agree To Support Budget 2021 Zahid

Bn Lawmakers Agree To Support Budget 2021 Zahid

papar berkaitan - pada 5/11/2020 - jumlah : 330 hits
BN parliamentarians have pledged their support for Budget 2021 that will be tabled by Muhyiddin Yassin s administration this Friday In a statement today BN chairperson Ahmad Zahid Hamidi said he wrote to the prime minister about the consens...
Yoursay Budget 2021 Will Govt Cut Our Super Sized Cabinet

Yoursay Budget 2021 Will Govt Cut Our Super Sized Cabinet

papar berkaitan - pada 3/11/2020 - jumlah : 326 hits
YOURSAY Most corporate organisations apply cost rationalisation in difficult times Clever Voter The country has an endless list of corruption cases that even the Parliament building isn t large enough to display all of them Billions of ring...
Baru Saya Faham Kenapa Orang Merentan Pasal Pak Mat Western Individu Kongsi Pengalaman Tak Best Ketika Ke Restoran Pmw

Filem Martabat Misi Berdarah

Nasihat Perihal Solat Dan Kematian

Hari Lautan Sedunia Jangan Bawa Balik Kulit Siput Jika Ke Pantai

Fleeting Yet Functional The Rise Of Transient Electronics

Bas Bawa Pelajar Upsi Dipercayai Hilang Kawalan Dan Terlanggar Belakang Alza Jadi Punca Kemalangan

Bukan Tak Nak Cakap Melayu Tapi Memang Mak Bapak Aku Tak Ada Darah Melayu Nak Buat Macam Mana Ameera Khan

Fancy Owning A Private Island Or Uninhabited Land


echo '';
Info Dan Sinopsis Drama Berepisod Dendam Seorang Madu Slot Tiara Astro Prima

10 Fakta Biodata Amira Othman Yang Digosip Dengan Fattah Amin Penyanyi Lagu Bila Nak Kahwin

5 Tips Macam Mana Nak Ajak Orang Kita Suka Dating Dengan Kita

Info Dan Sinopsis Drama Berepisod Keluarga Itu Slot Lestary TV3

Bolehkah Manusia Transgender Mencapai Klimaks Selepas Bertukar


Buasir Otak Tv Buasir Otak The Muzik Kekal Sahabat

Jantung Berdebar Debar Dan Bengkak

Elsa Pitaloka Indah Pada Waktunya Chord

How Your Oral Health Affects Your Gut

Giving Back In A Big Way 2 Champion Lembu Sado Shared With Over 1 000 Malaysians

Rethinking Seato A New Maritime Pact For Asean