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Did You Know That 1 In 5 Malaysian Companies Are Currently Owned By Women?
It was discovered that one out of five Malaysian companies are owned by women!
According to the department’s Chief Statistician, Dr. Mohd Uzir Mahidin, 187,264 companies out of 920,624 active national establishments were owned by females as of 2015.
Another positive progress worth nothing in the study is that the number of female contribution to our nation’s economy rose from 19.2% (127,422 companies) in 2010 to 20.3% (187,264 companies) in 2015.
“This means women opened an average of 10,000 companies annually within the five year period,” Uzir told the New Straits Times.
The sector that made the biggest growth was in the agricultural sector where women owned companies almost three times more in 2015 (1,541 companies) compared to 2010 (580 companies).
Uzir also noted that 51.4% of the workforce in 2015 was made up of women, putting them on track for the 2020 target.
The rise in women ownership may be attributed to the rising economic demands as well as women taking up responsibility roles to contribute to not only their households but also towards the nation’s human capital development.
“Unlike before, there are women nowadays who opt to give up their professional jobs to raise the family as their husbands take on the duty of earning for the household.”
"They can be deemed as professional housewives who also contribute towards the nation's human capital development as they are taking time off to concentrate on their children or the next generation in Malaysia’s workforce.”
“It is also high time that the government looked to studying the economic contribution of homemakers because they too are participants in the economy,” he said.
This new finding shows very positive progress and illustrates that women too can contribute equally to the economy and are very capable of leading company.
We hope to see more Malaysian women opening companies in the future and leading it to great success to gain recognition nationally and globally. Here’s to girl power!
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