RM321, 000 worth of allocations handed over
OYA: Cooperatives and Entrepreneurship Development Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar handed over allocation totalling RM321,000 to various recipients here today. Wan Junadi, who is also Santubong MP, handed over the mock cheques for the allocation at a briefing with Malaysia Cooperatives Commission (SKM) held at Oya community hall here. The allocation was […]
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 […]
Ministry to use RM100m grant to help FCLO businesses
KUCHING: The Ministry of Entrepreneur Development and Cooperatives (Medac) will use the RM100 million allocation from the new economic recovery package (Pemulih) to assist micro enterprises in the non-essential sector or the first to close, last to open (FCLO) category severely impacted by the lockdown. Medac Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said […]
Medac allocates RM100 mln for micro-entrepreneur’s FCLO programme
PUTRAJAYA: The Ministry of Entrepreneur Development and Cooperatives (Medac) is allocating RM100 million for the ‘First Close, Last To Open’ (FCLO) programme. The FCLO is a recovery programme for micro-entrepreneurs in non-essential business and services who have been affected by the Covid-19 pandemic. Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said around 10,000 micro-entrepreneurs […]
Move to include micro-traders in priority list
PUTRAJAYA: The Ministry of Entrepreneur Development and Cooperatives (Medac) is giving a big push for micro-entrepreneurs and informal business operators to be included in the National Covid-19 Immunisation Programme priority list. Its minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said the majority of these business operators were in the services sectors that directly deal with the public, […]
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 champion of franchise industry growth in Malaysia. 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 Seri Wan Junaidi Tuanku Jaafar said economic stimulus packages introduced by the government so far […]
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 continues to rise. Its minister, Datuk Seri Dr Wan Junaidi Tuanku Jaafar said that business owners […]
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 Datuk Seri Dr Wan Junaidi Tuanku Jaafar said that after having gone through several rounds […]
