KUALA LUMPUR: The Malaysia External Trade Development Corporation (Matrade) aims to increase the export revenue recorded by 152 mid-tier companies (MTCs) participated in the Mid-Tier Companies Development Programme (MTCDP) to RM3.8 billion by 2020 from RM2.5 billion in 2017.
Deputy chief executive officer Sharimahton Mat Saleh said the export promotion agency would groom a total of 300 participants to achieve the targeted increase in export revenue.
“Now there are 60 of the MTCDP’s Wave four and Wave 5 participants that graduated after completing the nine-month programme, bringing the total graduates to 212 participants,” she told reporters on the sidelines of a graduation ceremony for Mid-Tier companies development programme Wave Four and Wave 5 today.
MTCs contributed 30 per cent to the country’s total Gross Domestic Product (GDP) and employed over 22 per cent of the Malaysian workforce.
However, there are only about 10,000 MTCs in the country or just one per cent which registered with Companies Commission of Malaysia (SSM). – Bernama
