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 […]
SME Bank programme proves to be a success
KUCHING: SME Bank’s Upward Migration intervention programme aimed at elevating its customers’ businesses has proven to be successful with 10 companies from Johor recording outstanding performances. These 10 companies received recognition from Entrepreneur Development and Cooperatives (Medac) Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar during his working visit to Johor today. “Their successes were […]
RM5.15 bln for 86 Medac programmes this year
PUTRAJAYA: The Ministry of Entrepreneur Development and Commodities (Medac) will implement 86 programmes with a total allocation of RM5.15 billion this year for the development of the small and medium enterprises (SME) sector, said Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar. He said 86 programmes for entrepreneurs and would-be entrepreneurs were implemented under the […]
Ministry studying need to raise Socso contribution by RM1 or RM2
KUALA LUMPUR: The Human Resources Ministry is studying the need to raise Social Security Organisation (Socso) contributions under the Employees’ Social Security Act 1969 (Act 4) without burdening the people. Its minister, Datuk Seri M. Saravanan said the contribution rate had never been raised since 1971, the year the agency was established, adding that his […]
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 […]
IPT students urged to apply for micro-credit under Siswapreneur programme to carry out business
ALOR GAJAH: Students of higher learning institutions (IPT) who carry out small businesses are encouraged to apply for micro-credit financing through an allocation of RM20 million under the KPT-MEDAC Siswapreneur programme launched early this year. Entrepreneur Development and Cooperatives (Medac) deputy minister Datuk Mas Ermieyati Samsudin said so far only 14 applications had been received, […]
New council to be catalyst for nation’s entrepreneurial development
KUALA LUMPUR: The Ministry of Entrepreneur Development and Cooperatives (Medac) is optimistic the setting up of the National Entrepreneurship Development Council (MPKN) will be the catalyst for Malaysia’s aspiration to become an outstanding entrepreneurial nation by 2030. In a statement today, its minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said the council will coordinate […]
Medac agencies come to the aid of needy groups
KUCHING: The Entrepreneur Development and Cooperatives Ministry (Medac), through its agencies Bank Rakyat and The Cooperative Commission of Malaysia (SKM), has handed over almost RM700,000 worth aid of to needy groups in Sarawak. In a statement today, its Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said in trying times like this, all forms of […]
Moratorium, overlapping financing for Tekun entrepreneurs affected by floods
KUALA LUMPUR: Tekun Nasional is offering a special initiative known as “Inisiatif Prihatin Banjir” for Tekun entrepreneurs who are affected by the floods. Entrepreneur Development and Cooperatives Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said the facilities offered by Tekun Nasional included providing a moratorium of up to six months to entrepreneurs who have […]
Wan Junaidi welcomes aid package
KUCHING: The Ministry of Entrepreneur Development and Cooperatives (Medac) welcomes the Permai Assistance Package announced by Prime Minister Tan Sri Muhyiddin Yassin. Its minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said among the initiatives to further assist the micro and small and medium enterprises (SME) was the additional Permai Prihatin Special Grant of RM650 […]
