SMEs Rebounding Strongly Amidst Economic Uncertainty

SME100 Participants More Than Doubled Revenue in 2022

KUALA LUMPUR, Malaysia, Dec. 14, 2023 /PRNewswire/ -- Malaysian SMEs have experienced a significant rebound following the reopening of the economy post-COVID-19 pandemic. In 2022, the SME sector recorded an 11.6 percent growth in GDP against 8.7 percent for the overall economy.

This is also reflected in the number of participants of the SME100 Awards, with nominations jumping by 36 percent to reach 1,088 nominations, breaching the 1,000 mark for the first time in the 15-year history of the award. Revenue growth among the nominees has more than doubled, averaging 112.9 percent versus a year earlier.

The SME100 Awards is organized by SME Magazine and the Small and Medium Enterprises Association of Malaysia (SAMENTA), honouring outstanding SMEs for their exceptional achievements in various industries.

Deputy Finance Minister, Datuk Seri Ahmad Maslan presented the awards in the presence of Datuk William Ng, national president of SAMENTA, Zahid Ismail, director general of Malaysia Productivity Corporation, and Tan Sri Soh Thian Lai, president of the National Chamber of Commerce and Industry.

"The government, under the leadership of Prime Minister Datuk Seri Anwar Ibrahim, is committed to creating an enabling environment for our SMEs to thrive. We recognize the importance of providing support, whether through policy frameworks, financial assistance, and infrastructure development, to empower our SMEs to reach greater heights," Datuk Seri Ahmad Maslan said in his speech at the SME100 awards ceremony.

"Despite being the first affected by economic downturns, SMEs, especially the SME100 awardees, have displayed remarkable resilience, strength, and growth. This shows that given the right policy direction and support, our SMEs can perform strongly," said Datuk William Ng.

The SME100 Awards maintained rigorous evaluation criteria, encompassing qualitative and quantitative analysis, and a 100% interview requirement. The focus was on growth metrics such as turnover, profit, market share, and resilience indicators including best practices, sustainability, and vision. CTOS provides data for the ranking, while Baker Tilly served as the official auditor of the award.

Aside from the SME100, four other awards were presented, including the SME100 CTOS Credit Excellence Awards, BMI Sustainable Brand Awards, SME100 SME Icon Award, and BMI Affingem Women Entrepreneur Awards, with Affin Bank sponsoring the latter two categories.

The SME100 has become a symbol of trust and reliability for business owners, with past recipients often going on to be listed on various stock exchanges, including notable companies like Grab, Mynews Holdings Berhad, and Solarvest Holdings Berhad. Besides Malaysia, the SME100 is also organised in Indonesia, Singapore, and Vietnam

For more information about the SME100 Awards 2023 Malaysia and a complete list of winners, please visit http://sme100.asia.

LIST OF WINNERS OF THE SME100 AWARDS 2023 MALAYSIA IN ALPHABETICAL ORDER:

1. 10 Infinity Sdn Bhd
2. 3 Day's Furniture Sdn Bhd
3. Advantage Marine Services (Malaysia) Sdn Bhd
4. Airei Sdn Bhd
5. Alltank Solutions Sdn Bhd
6. Armada Cekap Sdn Bhd
7. Armada Parts Sdn Bhd
8. Best Crew Sdn Bhd
9. Business Boutique Hotel Management Sdn Bhd
10. Byond Tech Global Berhad
11. C.H.S. Steelworks Sdn Bhd
12. Chef Direct Sdn Bhd
13. Creative Concept Resources Sdn Bhd
14. D Jungle People Sdn Bhd
15. D&B Energy Sdn Bhd
16. DOREMi Sound & Light Sdn Bhd
17. Dutamas Semesta Sdn Bhd
18. Eastern Suntech Engineering & Construction Sdn Bhd
19. Eintegrity Solutions Sdn Bhd
20. Emax Beauté International Sdn Bhd
21. Energyhub Battery Sdn Bhd
22. Enrich Package (Malaysia) Sdn Bhd
23. Envicion Studio Sdn Bhd
24. Estylo Sdn Bhd
25. Etronix Sdn Bhd
26. Eventistry Event Management
27. Gamer2Gamer Sdn Bhd
28. Gary Chong Studios
29. GCFO Capital Sdn Bhd
30. Global Ai Logistics Sdn Bhd
31. Global Concord Logistics (M) Sdn Bhd
32. Goldfinch Jewelry Sdn Bhd
33. Great Cosmo Industries Sdn Bhd
34. HBT Food & Beverage Sdn Bhd
35. Hitec Metal Sdn Bhd
36. HMN Nadhir Sdn Bhd
37. IDPM Sdn Bhd
38. IMPACTO Sdn Bhd
39. IMT Tech Sdn Bhd
40. In-Source Options Sdn Bhd
41. Infinic Plastic Technology Sdn Bhd
42. IPS Software Sdn Bhd
43. Joeyees Trading Sdn Bhd
44. JVG Bina Sdn Bhd
45. Kedai Pajak Well Chip Sdn Bhd
46. KKBS Curtain Sdn Bhd
47. Lee Ming Press Sdn Bhd
48. Linear Channel Sdn Bhd
49. Lipoh Roller Shutters Sdn Bhd
50. Luna Clinic Sdn Bhd
51. M&D Precision Sdn Bhd
52. Maharaja Textiles Sdn Bhd
53. Malex Paper Products Sdn Bhd
54. Mamami Shoppe (M) Sdn Bhd
55. MCE Marketing Sdn Bhd
56. Mid Ventures Sdn Bhd
57. MIR Maju Enterprise Sdn Bhd (Quikmaster)
58. Mirack Technologies Sdn Bhd
59. MMA Freight Services Sdn Bhd
60. Monkeycloud Media Sdn Bhd
61. Nastah Industries Sdn Bhd
62. Neuropower (M) Sdn Bhd
63. Next Energy Sdn Bhd
64. NexxG Worldwide Sdn Bhd
65. Nicholas Actuarial Solutions Sdn Bhd
66. Nine Packaging Sdn Bhd
67. NS Wealth Solution
68. Okieee Studios Sdn Bhd
69. One Maker Group Sdn Bhd
70. PK Furniture System Sdn Bhd
71. Platinum Podium Sdn Bhd
72. Polymeric Technology Sdn Bhd
73. Public Medicare Group Sdn Bhd
74. Redefined Mortgage Specialist Sdn Bhd
75. RM Applications Sdn Bhd
76. Rocketbots Malaysia Sdn Bhd (respond.io)
77. San Engineering And Electrical Support Sdn Bhd       
78. Servedeck Innovation Sdn Bhd
79. SF Techlogis Sdn Bhd
80. Shinsei Malaysia Sdn Bhd
81. SHT Engineering Sdn Bhd
82. Siacon Technology Sdn Bhd
83. Sin Lian Seng & Sons Sdn Bhd
84. SM Digital Innovation Sdn Bhd
85. Sri Ternak Mart (SK) Sdn Bhd
86. Sumitec Sdn Bhd
87. Suria Dan Sonne Sdn Bhd
88. SWM Environment Sdn Bhd
89. Tea Garden Food Supply Sdn Bhd
90. Techies App Technologies Sdn Bhd
91. Teraju Pharma Sdn Bhd
92. Tohs Daily Food Sdn Bhd (Toh's Daily)
93. V Fifth Group Sdn Bhd (VF Properties)
94. Vista Infinity Development Sdn Bhd
95. Wagro Trading Sdn Bhd
96. Woodpeckers Group Sdn Bhd
97. Work Inspire Resources Sdn Bhd
98. Yoshitec Precision Engineering (M) Sdn Bhd
99. Zeo Asia Sdn Bhd
100. ZW Packaging Sdn Bhd (ZW Group)

SUSTAINABLE BRAND AWARDS

1. Awantec (Awanbiru Technology Berhad)
2. KKBS Curtain (KKBS Curtain Sdn Bhd)
3. Quikmaster (MIR Maju Enterprise Sdn Bhd)
4. Siemens (Siemens Malaysia Sdn Bhd)
5. Tokio Marine (Tokio Marine Life Insurance Malaysia Berhad)

CTOS CREDIT EXCELLENCE AWARDS

1. 10 Infinity Sdn Bhd
2. Etronix Sdn Bhd
3. Kedai Pajak Well Chip Sdn Bhd
4. KKBS Curtain Sdn Bhd
5. Polymeric Technology Sdn Bhd
6. SF Techlogis Sdn Bhd
7. Sin Lian Seng & Sons Sdn Bhd
8. Sumitec Sdn Bhd

WOMEN ENTREPRENEUR AWARDS

1. Dr. Eunice Beh (Luna Clinic Sdn Bhd)
2. Ms. Lim Shu Yi (Nicholas Actuarial Solutions Sdn Bhd)
3. Dato' Ong Bee Bee (ZW Packaging Sdn Bhd)

About SAMENTA

Established in 1986, SAMENTA is Malaysia's oldest and largest association of SMEs, with over 3,000 members across the country. A multi-racial, multi-sector association, SAMENTA has been at the forefront of championing a SME-friendly business environment and connecting SMEs to regional and global opportunities.

About Business Media International

Business Media International is a subsidiary of Audience Analytics Limited (1AZ.SG), a regional leader in promoting growth for companies in Asia through data-driven brands and initiatives. We own renowned media brands such as SME Magazine, HR Asia, Capital Asia, Energy Asia, Logistics Asia, TruthTV, and CXP Asia as well as business impact assessment brands such as SME100, HR Asia Best Companies to Work for in Asia, Golden Bull Awards and CXP Asia Best Customer Experience Awards. Audience Analytics also own a number of exhibition brands and have the proprietary software-as-a-service — Total Engagement Assessment Model.

Media Contact

Adrian Cheng
Marketing Manager
Business Media International
Mobile No.: 012-2692701
Email: adrian@businessmedia.asia