Monday, June 21, 2021

Medac

Rebranding of acronym, logo from PNS to Pernas will boost agency’s position

KUALA LUMPUR: The Ministry of Entrepreneur Development and Cooperatives (Medac) is optimistic that the rebranding of Perbadanan Nasional Bhd, which involves the change of acronym and logo from PNS to Pernas, will further strengthen the agency's position as the...

Bell Bernard Aggan is SME Corp member

KUCHING: Entrepreneur Bell Bernard Aggan has become the first Iban to be appointed as a member of SME Corp Malaysia (SME Corp), an agency under the Ministry of Entrepreneur Development and Cooperatives (Medac). Medac Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said...

SKM offers moratorium facility

KUALA LUMPUR: The Cooperative Commission of Malaysia (SKM) is offering a moratorium (Moratorium KPP 3.0) via its Revolving Capital Fund (TMPSKM) to help alleviate the financial burden of cooperatives affected by the movement control order (MCO 3.0). In a statement, the Ministry of Entrepreneur Development and Cooperatives (Medac) said 1,056 cooperatives nationwide stand to benefit from the moratorium facility. As at April 30, 2021, there are 1,734 TMPSKM financing accounts with approved financing totalling RM1.66 billion. Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said the Moratorium KPP 3.0 facility under TMPSKM funding offers a loan repayment grace period of three months, starting June 1 until Aug 31, 2021. The application process has also been simplified whereby eligible cooperatives would only need to submit supporting documents, namely, their official application, receipts and payment statements and bank statements for a period of three months online. He said cooperatives affected by the Coivd-19 pandemic will only resume their loan repayments from Sept 1, 2021. “The moratorium facility is offered to all cooperatives that have a financing account under TMPSKM, and as for cooperatives that have a financing account for their credit activities, the moratorium approval is subject to cooperatives that offer moratorium facilities to its members. "Medac hopes that the Moratorium KPP 3.0 facility will help the cooperatives to continue their business activities and provide additional cash facilities for cooperative operations," he added. –  Bernama 

Helping SMEs in these trying times

KUCHING: The government continues to provide various forms of assistance and initiatives under the economic stimulus packages to support the recovery and sustainability of businesses, particularly the small and medium enterprises (SMEs). Minister of Entrepreneur Development and Cooperatives (Medac) Datuk...

Prepare for stricter SOPs, SMEs told

KUCHING: The Ministry of Entrepreneur Development and Cooperatives (Medac) has called on small and medium enterprises (SMEs) as well as micro businesses to prepare to operate under a stricter standard operating procedures (SOPs) should the number of Covid-19 cases...

Go digital, or go bust

KUCHING: The Ministry of Entrepreneur Development and Cooperatives (Medac) together with its agencies are committed to assisting micro and informal businesses in migrating towards e-commerce, helping them prepare for the third round of nationwide movement control order (MCO 3.0). Minister...

Wan Junaidi’s political sec lodges police report against two news portals

KUALA LUMPUR: Datuk Seri Syed Hamzah Syed Paie, the political secretary to the Entrepreneur Development and Cooperatives Minister, has lodged a police report against two news portals for falsely linking him to the approval of a ministry grant to...

Business operators urged to adopt digital technology

KUCHING: Business operators are urged to adopt digital technology in order to cater to the increasingly tech savvy consumer market. Minister of Entrepreneur Development and Cooperatives (Medac) Datuk Sri Wan Junaidi Tuanku Jaafar said consumers nowadays prefer to shop online. He...

Embrace digitalisation, SMEs told

KUCHING: Small and medium enterprises (SMEs) are urged to embrace digitalisation in view of the changing market conditions of late. Federal Entrepreneur Development and Cooperatives Minister Datuk Seri Wan Junaidi Tuanku Jaafar said this was to ensure their business viability...

Political secretary lodges report on Facebook slander

KUCHING: Datuk Seri Syed Hamzah Syed Paie has lodged a police report over allegations linking him to Entrepreneur Development and Cooperatives Minister (Medac) Datuk Seri Wan Junaidi Tuanku Jaafar over approval of grants to his wife’s company, Azzahra Product...
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Axiata, Telenor ink agreements for Celcom-Digi merger

KUALA LUMPUR: Axiata Group Bhd, Telenor Asia Pte Ltd and Digi.Com Bhd (Digi) had signed agreements for the merger...
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