In 2016 the numbers of business entities in Malaysia were 920,624 and out of this, the SMEs make up 98.5% (or 907,065 of the total businesses entities) as they can be found in various industries. The remaining 1.5% are large-size companies. From the total 907,065 SMEs establishments, 89.2% are in service sector, 5.3% are in manufacturing industry, 4.3% in construction sector, 1.1 in agriculture, and only 0.1% in mining and quarry. The SMEs have contributed about 65.5% of total employment in Malaysia (6 million out of 9 million total workers in 2016), recording 54.3% (RM405.5 billion) contribution to the total gross domestic product (GDP) of RM1,108.2 billion in 2016 (DOSM Official Portal, 2019. https://www.dosm.gov.my). The small and medium enterprises (SMEs) are one of the most important contributors to economic development in Malaysia. It is expected that value-added products produced by SMEs will be worth RM120 billion by 2020, which is half of the total production in the manufacturing sector (Wan Mohd Nazdrol bin Wan Mohd Nasir, 2017). The SMEs also contributed significantly in terms of creation job opportunities and share to the national income. For example, in 2016, the SMEs in Malaysia has contributed about 65.5% of total employment in Malaysia (6 million out of 9 million total workers in 2016). Further in 2016, Malaysia has recorded a total of around RM1,108.2 billion in gross domestic product (GDP) of which RM405.5 billion (54.3%) were contributed by SMEs. 59.6% of the SMEs are in services sectors.