SMIDEC

AcronymDefinition
SMIDECSmall and Medium Industries Development Corporation
References in periodicals archive ?
From the sampling frame, only a total of 441 SMEs are listed with SMIDEC were eligible to be selected as part of research samples.
The government agencies, such as The Multimedia Development Corporation (MDeC), Malaysian Communications and Multimedia Commission (MCMC), National Productivity Council (NPC), Small and Medium Industries Development Corporation (SMIDEC) should identify and communicate to SMEs the advantage of e-commerce as means of selling, buying, providing customer services, advertising with global customers.
Government agencies like MCMC, MDeC, SMIDEC, and other government agencies should create better awareness of the benefits of e-commerce to encourage higher rate of adoption.
In terms of institutional structure (see Figure 4), there are similarities among the three countries except for the fact that the Philippines does not have the equivalent of SMIDEC (Malaysia) and OSMEP (Thailand), which serve as powerful coordinating and monitoring bodies in the implementation of SME programs and activities.
SMIDEC, in its 2005 Annual Report, revealed that "the number of approvals for grants and soft loans in 2005 increased by 48.4 per cent to 1,465 compared with 987 approvals in 2004.
SMIDEC has appointed 22 training providers to undertake technical skills for SMEs, including skills development centers (SDCs) in Sarawak, Johor, Penang, Terengganu, Pahang, Kedah, Perak, Selangor, Negeri Sembilan, Malacca and Sabah.
In 1996, SMIDEC was established to assist SMEs development in Malaysia.
In 2008, SMIDEC has taken over the role of the National SME Development Council (NSDC) Secretariat from Bank Negara Malaysia to coordinate the policy formulation and SME development programmes.
On 1st September 2009, SME Corp was established as a rebranded version of SMIDEC. It becomes a 'one referral centre' to facilitate effective outreach programmes to SMEs(SMI Malaysia, 2009; SMIDEC, 2009).
Taking the lead in the implementation of SME development programs is the Ministry of International Trade and Industry (MITI), which has several attached agencies, namely the Malaysian Industrial Development Authority (MIDA), the National Productivity Corporation (NPC), the Malaysia External Trade Development Corporation (MATRADE), the Malaysian Industrial Development Finance Berhad (MIDF), and the Small and Medium Industries Development Corporation (SMIDEC).
SMIDEC, in its 2005 Annual Report, revealed the following: The number of approvals for grants and soft loans in 2005 increased by 48.4 per cent to 1,465 compared with 987 approvals in 2004.
Small and medium enterprises in manufacturing are enterprises with fulltime employees not exceeding 150, whereas small and medium enterprises in the services sectors are enterprises with full-time employees not exceeding 50 (SMIDEC, 2003).