Leading accounting and business advisory firm Shamsir Jasani Grant Thornton says that owner-managed businesses form the backbone of Malaysia's economy, and the larger ones are the answer to Malaysia's shortfall in Foreign Direct Investments (FDI).
The budget presented by the Finance Minister on 20th September, is laudable for its long-term impact on the economy and national development.
It is expected that the Budget 2003 will be tabled in Parliament on 20 September 2002, rather early this year.
Financing has remained a problematic area for owner-managed businesses in Malaysia. This was reflected in a recent survey jointly conducted by the Malaysian Institute of Management and Shamsir Jasani Grant Thornton.
Small and medium-size industries (SMIs) are recognized as an important component of any nation's economy. It is more so in Malaysia, a developing nation.
Shamsir Jasani Grant Thornton and research partner, the Malaysian Institute of Management, today officially release the survey findings from their nationwide survey which was launched on 24 September last year.
Pete and his brothers have taken over the company from their father. The chain of drugstores has grown in strength. Together with his three brothers, he decided that it was time to retire.