Coops in tourism sector encouraged to venture into new businesses through ‘TRANSFER’
KUALA LUMPUR: Cooperatives in the tourism sector are encouraged to participate in the Cooperative Movement Economic Transformation Programme (TRANSFER) introduced by the government to help ensure the economic viability of those affected by the Covid-19 pandemic. Deputy Entrepreneur Development and Cooperative Minister Datuk Mas Ermieyati Samsudin said the initiative under the Cooperative Economic Recovery Intervention […]
Government implements various initiatives to ensure cooperatives survival
KUALA LUMPUR: Various initiatives have been implemented by the government to show responsive feedback in ensuring economic survival of the cooperatives sector in particular and the country in general, the Ministry of Entrepreneur Development and Cooperatives (Medac) said. In a statement today, it said various initiatives have been introduced through the Cooperative Commission of Malaysia […]
Chamber mulls task force, three cooperatives
KUCHING: The Dayak Chamber of Commerce and Industry (DCCI) is thinking of forming a task force to improve Dayak businesses, said Datuk Leonard Martin Uning. The DCCI president added that informing the community on what transpired during a dialogue session with the Ministry of Entrepreneur Development and Cooperatives (Medac) on Sunday (Apr 4) was very […]
Sarawak eyes becoming global food production hub
KOTA SAMARAHAN: Cooperatives in Sarawak are urged to actively participate in the Sarawak government’s initiatives in developing the state into becoming global food production hub. Minister of Entrepreneur Development and Cooperatives (Medac) Datuk Seri Dr Wan Junaidi Tuanku Jaafar said cooperatives have the resources to potentially be one of the driving forces in developing the […]
Relocation of cooperatives made easier with Act 502 amendments
ALOR GAJAH: Cooperatives are no longer required to obtain approval from the Cooperative Commission of Malaysia (SKM) prior to moving to a new location or when opening a new branch, following amendments to the Cooperatives Societies Act 1993 which came into effect early this month. Entrepreneur Development and Cooperatives Minister Datuk Seri Dr Wan Junaidi […]
Bank Rakyat introduces ‘QR2E’ for MSMEs, cooperatives
KUALA LUMPUR: Bank Rakyat has launched a digital banking service platform, ‘QR2E’ or ‘Quick Response to Entrepreneur’ to cultivate entrepreneurship in the community. The service is targeted at micro, small and medium entrepreneurs (MSMEs) and cooperatives to enable them to conveniently obtain financial and business management advice. “Customers can apply for financing as well as […]
Medac wants to help resuscitate more than 2,000 inactive cooperatives
KOTA BHARU: The Ministry of Entrepreneur Development and Cooperatives (Medac) has detected more than 2,000 inactive cooperatives from a total of 14,668 registered cooperatives nationwide, said Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar. Wan Junaidi said the Cooperatives Commission of Malaysia (CCM) would assist these cooperatives by providing them guidance and financial aid to […]
Act amended to spur growth of co-op sector
KUALA LUMPUR: Angkatan Koperasi Kebangsaan Malaysia Bhd (Angkasa) expects the cooperative (co-op) sector to continue to grow rapidly with improvements made to the Cooperative Societies Act 1993 (Act 502). Chairman Datuk Abdul Fattah Abdullah said the Cooperative Societies (Amendment) Bill 2020, which was passed during the Third Term of the 14th Parliament, which recently adjourned […]
Study market on crops first
SARATOK: Local farmers are advised to study the market on crops before starting to plant, said Kalaka assemblyman Datuk Abdul Wahab Aziz. He also suggested that farmers cultivate one type of crop in groups, involving large areas (100 acres and above). “They should also have good relations with government agencies (both state and federal governments) […]
Paper to be presented to Cabinet
Transformation for cooperatives BY NATASHA JEE & ALVERDTEKOSTER ANYAP KUCHING: A presentation paper on the transformation for cooperatives will be presented to the Federal Cabinet this coming week, said Entrepreneur and Cooperative Development (Medac) Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar. He said this is in line with the ministry’s aim to strengthen the […]