News — E27Community

2019-11-05

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Small- and medium-sized enterprises are vital in the Southeast Asian economy. However, access to credit remains a pervasive concern.  SMEs account for anywhere between 88.8 per cent and 99.9 per cent of all establishments and employ 51.7 per cent to 97.2 per cent of the labour force in the ten countries that make up the Association of Southeast Asian Nations (ASEAN). While such businesses are high in number, they contribute just 30 per cent to 53 per cent of the gross domestic products of the ASEAN-member states where they are located. Clearly, the economic potential of these enterprises remains largely...

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