The SME sector in Malaysia continues to remain buoyant, with participants of the SME100 registering a 14.54% growth in revenue and a 6.93% growth in profit, which contrasts sharply with the GDP growth projection of 5.2% for the country as a whole.
The SME100 survey, conducted by SME Magazine, has the top 100 companies of business performance recognised with the SME100 Awards. This year, the SME100 awards are officiated by Dato’ Seri Ong Ka Chuan, Minister of International Trade and Industry II.
“Despite the global headwinds, our SMEs are gaining grounds. Much of these are the result of pent-up demands following several years of economic uncertainty, and a renewed regional focus with the AEC kicking in,” said Dato’ William Ng, managing director of Business Media International, the publishers of SME Magazine.
Among the winners that make up the SME100 Awards, 19% came from the ICT and telecommunications sector, followed by 11% from the transportation and logistics sector, with furniture and wood-based industry in the third place with 9% of the winning companies.
The construction, property development and building materials sector saw a tumble, dropping from occupying 15 spots in the ranking to only six companies represented in the SME100 this year. The oil and gas, mining and energy sector, which claimed third place in 2016, fell to sixth place with only seven companies representing the industry.
“It is quite clear that while the oil and gas and construction sectors are currently experiencing a correction phase, the technology sector is growing rapidly. A surprise resurgence is our furniture and wood-based industry, which has also seen robust growth following increased demand from Europe and East Asia,” Ng said.
While the top 100 companies in the survey were selected to receive the SME100 awards, the most outstanding 10 were also named, which are (in alphabetical order):
- Accendo HR Solutions Sdn Bhd
- Bridgenet Solutions Sdn Bhd
- Central Medicare Sdn Bhd
- Everest Integrated Logistics Sdn Bhd
- HTC Travel Services (M) Sdn Bhd
- Masterplan Consulting Sdn Bhd
- Nestcon Builders Sdn Bhd
- Neu Dimension Sdn Bhd
- PE Mixed Sdn Bhd
- Sulomas Sdn Bhd
“It is important that SMEs plan beyond their current capability and act fast to reskill and rescale themselves in the face of a changing market. It is quite clear that business as usual is no longer possible. We must change or be changed,” added Ng.
SME100 Winners Industrial Breakdown
ICT & Telecommunication
Transportation & Logistics
Furniture & Woodbased Manufacturing
Professional & Business Services
Trading & Wholesaling
Food & Beverage
Healthcare, Pharmaceutical & Biotechnology
Oil & Gas, Green Tech, Mining
Construction, Property Development & Building Materials
Education & Training
Hospitality, Food Service & Tourism
Industrial & Commercial Products
Eletrical & Electronic
Chemical & Plastics
Agriculture, Livestock, Plantations And Commodities