Medac to assist through cooperative emergency relief fund
KUALA LUMPUR: Ministry of Entrepreneur Development and Cooperatives (Medac) through the Cooperative Commission of Malaysia (SKM) continues to proactively assist the cooperative movement severely affected by floods by providing a Cooperative Emergency Relief Fund. In a statement today, Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said the affected cooperatives were eligible to receive cooperative […]
Cash flow constraints, lower sales poser
KUCHING: Among the main the challenges that entrepreneurs will face during the movement control order (MCO) 2.0 period are the cash flow constraints and lower sales volume. The ones that are likely most affected will be the micro and informal business entrepreneurs. Ministry of Entrepreneur Development and Cooperatives (Medac) called Malaysians to strictly adhere to […]
MCO, emergency will not derail Medac programmes
PUTRAJAYA: Plans and programmes to assist entrepreneurs in these trying times will not be derailed amid the imposition of the movement control order (MCO) and nationwide state of emergency. Entrepreneur Development and Cooperatives Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar gave such assurance today, in a statement. He cited the execution of the second […]
Ministry to focus on micro, informal traders
KUCHING: The Ministry of Entrepreneur Development and Cooperatives (Medac) will continue to focus on assisting micro and informal traders as well as entrepreneurs affected by the Covid-19 pandemic. Minister Datuk Seri Wan Junaidi Tuanku Jaafar said based on a study conducted by the ministry, although there were various assistance/stimulus packages that have been channelled by […]
Medac to help 25,000 small businesses go digital
PUTRAJAYA: The Ministry of Entrepreneur Development and Cooperatives (Medac) is optimistic of assisting some 25,000 small businesses nationwide to go digital within one to two years as a vital move to ensure their survival in the post Covid-19 era. Its minister, Datuk Seri Dr Wan Junaidi Tuanku Jaafar, in a statement today, said this was […]
Grants worth RM187,200 presented
LUNDU: A total of 28 residents and 55 non-governmental organisations (NGOs) here have received financial assistance worth RM187,200 under the state government’s Minor Rural Project (MRP) grants. The grants, specifically for education and emergency medical assistance, were presented to the recipients by Santubong MP Datuk Seri Dr Wan Junaidi Tuanku Jaafar in a simple ceremony […]
Help for those going into online businesses
KUCHING: The Ministry of Entrepreneur Development and Cooperatives (MEDAC) aims to assist more entrepreneurs to venture into online businesses while assisting those already in the field to enhance their e-commerce platforms. Its minster, Datuk Seri Dr Wan Junaidi Tuanku Jaafar, said this is to recognise the performance and potential in the e-commerce sector in expanding […]
RM557.3 million for 49,901 entrepreneurs
KUALA LUMPUR: Tekun Nasional has provided financing amounting to RM557.3 million for 49,901 entrepreneurs nationwide as of October this year, said Entrepreneur Development and Cooperatives Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar. He said agencies under the ministry, such as Tekun Nasional, provide financing of RM1,000 to RM100,000 for all business sectors. “The Entrepreneur […]
281k new businesses registered
KUCHING: The Companies Commission of Malaysia (CCM) has recorded 281,781 new businesses registered between March and October this year. Entrepreneur Development and Cooperatives (Medac) Minister Datuk Seri Wan Junaidi Tuanku Jaafar said that a bulk of newly registered business entities consist sole proprietors and partnerships at 89.3 percent, followed by companies at 9.8 percent and […]
Report on 30,000 SMEs closed down due to the pandemic inaccurate
KUCHING: The number of reported businesses that have closed down due to the pandemic is inaccurate. Ministry of Entrepreneur Development and Cooperatives (Medac) has come forward to clarify this inaccurate report on the number of businesses which have closed their operations amidst the Covid-19 situation. Its Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar was […]
