During the opening ceremony of the Malaysia-China Entrepreneur Conference (MCEC), deputy minister of International Trade and Industry (MITI), Dr Ong Kian Ming, said that the ministry would be focusing on the fourth industrial revolution (Industry 4.0) and reducing SMEs' dependence on foreign labour as one of the key strategies in Budget 2019.
"SMEs generally had limited capital for big investments, thus both countries should collaborate to find new ways of doing businesses," he told Bernama during the conference, held on 19 September 2018 (Wednesday). The 2019 Budget is set to be announced in Parliament on 2 November 2018, the first under the new Pakatan Harapan government.
The MCEC 2018 is a bilateral trade event in collaboration with the Nanjing Municipal Bureau of Commerce, endorsed by MITI, the Treasury, Ministry of Tourism and Culture Malaysia, the Malaysia Consulate General in Shanghai and Secretariat for the Advancement of Malaysia Entrepreneurs under the Prime Minister's Department.
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