Better mechanism needed for distributing IT funds.(information technology at small and medium-sized enterprises, Malaysia)(Brief Article)

A MORE effective mechanism for the approval and disbursement of funds is necessary to ensure that more small and medium-sized enterprises (SMEs) are able to deploy information technology (IT).

According to the SMI Association of Malaysia, current efforts in disseminating information about the available incentives are rather inadequate, which result in the poor uptake of funds among SMEs.

Its president Looi Teong Chye said the existing structure ought to be revised and studied to ensure a smoother funding process.

He added that the Government and other relevant agencies need to provide more details of the available funds to SMEs so that they can …