Nov 092014
SMALL AND MEDIUM-sized enterprises (SMEs) vary in size and type across countries and industries; despite these differences, it is globally recognized that SMEs play a vital role in economic development.
Based on a report presented by R. Aldaba in August 2014, “Gearing Up SMEs for Association of South East Asian Nations (ASEAN) Economic Community 2015 (AEC 2015),” ASEAN SMEs account for about 99% of all registered businesses, employ more than 60% of the work force, and contribute 16% to 35% in exports.