Sat, 13 Jun 2026
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‘Build Small and Medium Enterprise Industrial Park in non-urban areas’
Published on: Saturday, June 25, 2022
Published on: Sat, Jun 25, 2022
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‘Build Small and Medium Enterprise Industrial Park in non-urban areas’
Foo (left) said the commercial banks should adopt a new normal in assessing these loan applications and use innovative ways to mitigate their credit risks when approving these applications. Also, he added, loan releases can be structured according to preset terms and conditions where practical. Right: Kulim Hi-Tech Park for illustration only.
Kota Kinabalu: Small and Medium Enterprise Association (SME) Sabah founder Prof. Foo Ngee Kee suggested that SME Industrial Park be built in suitable non-urban areas as SMEs cannot afford the high industrial park (IP) in the urban areas.

He said this in a recent panel discussion during the launch of the 26th edition of the Malaysia Economic Monitor: “Catching Up: Inclusive Recovery & Growth for Lagging States” by World Bank, here, June 16.

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He said it is better to build the IP by utilising idle lands in suitable non-urban areas for following reasons:

 
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