SMEs Struggle Amid Rising Costs and Competition

Malaysian SMEs continue to face mounting pressure from rising operational costs, tighter margins, and increasing competition from both local and foreign players. Many businesses are operating in “survival mode” as economic challenges persist.

Balancing Growth and Survival

Industry experts highlight that inflation, regulatory changes, and labour shortages are key concerns affecting SMEs. At the same time, competition from foreign firms leveraging digital platforms is intensifying.

Despite these challenges, SMEs remain cautiously optimistic, focusing on efficiency improvements and digital adoption to stay competitive in a rapidly evolving market environment.