Kuala Lumpur, Feb. 23 -- Small and medium enterprises (SMEs) in Malaysia have been advised to focus on strengthening their institutional foundations instead of pursuing rapid expansion, as the country's economy maintains stability alongside a stronger ringgit.

FSG Advisory Sdn Bhd chief executive officer Dr Anthony Dass said the next five years will be a critical period for businesses to address structural weaknesses and build sustainable growth.

He stressed that currency stability alone does not automatically strengthen enterprises, but it provides a more predictable and manageable operating environment.

The Malaysian ringgit has appreciated by more than 14% against the US dollar since the beginning of 2025, making it one of Asia's be...