Latest news with #2025BuyMalaysianGoodsCampaign
Barnama
6 days ago
- Business
- Barnama
BNPL Service Providers Urged To Practise Self-regulation
SHAH ALAM, July 24 (Bernama) -- Online shopping platforms offering 'Buy Now Pay Later' (BNPL) services have been urged to self-regulate to ensure consumer rights remain protected. Deputy Minister of Domestic Trade and Cost of Living Datuk Dr Fuziah Salleh said the approach was needed pending the introduction of a more comprehensive law. 'My advice to platform owners is to ensure their platforms are used responsibly and with integrity, as the e-commerce law has yet to be tabled in Parliament. 'For now, let us self-regulate, protect consumers, and foster a positive culture,' she said after the Closing Ceremony of the TikTok Shop Summit and the 2025 Buy Malaysian Goods Campaign here today. Deputy Finance Minister Lim Hui Ying was previously reported to have said that BNPL transactions increased to 102.6 million in the first half of this year, compared with 83.8 million in the second half of 2024. According to Lim, the surge in BNPL transactions had exposed consumers, particularly low-income earners and those with low financial literacy, to the risk of unmanageable debts. Meanwhile, commenting on the one-off RM100 cash aid for citizens aged 18 and above, Fuziah said it can only be used at designated outlets under the Sumbangan Asas Rahmah (SARA) programme to prevent misuse. She said enforcement would be carried out continuously to prevent price hikes at the outlets involved. 'Aid recipients must use their identity card to make purchases at any of the 4,100 designated outlets nationwide and are only allowed to buy listed items to prevent misuse of the funds.
The Sun
27-06-2025
- Business
- The Sun
KPDN launches KBBM 2025 to boost local MSME sales in Malaysia
ISKANDAR PUTERI: The Ministry of Domestic Trade and Cost of Living (KPDN) has launched the 2025 Buy Malaysian Goods Campaign (KBBM) under the theme 'Jom Beli Lokal' to strengthen domestic economic growth and support local entrepreneurs. Minister Datuk Armizan Mohd Ali highlighted that the campaign aims to enhance sales value and market penetration for Malaysian-made products while reducing reliance on imports. 'This initiative directly supports local entrepreneurs and contributes to national economic growth,' he said during the launch at Puteri Harbour Convention Centre. The campaign will involve multiple ministries, government agencies, and private sector collaboration to promote local products as a preferred choice. Armizan emphasised that KBBM will expand to e-commerce platforms, leveraging partnerships with major operators like TikTok, Shopee, and Lazada. 'E-commerce plays a crucial role in reaching wider audiences, and we recorded over RM347 million in sales through KBBM in 2023 and 2024,' he added. The three-day Southern Zone Roadshow in Johor marks the beginning of a nationwide tour, covering five additional zones. The event includes consumer advocacy programmes, local product exhibitions, and government agency showcases. Deputy Minister Datuk Dr Fuziah Salleh, Johor Menteri Besar Datuk Onn Hafiz Ghazi, and state committee chairman Lee Ting Han were also present at the launch.
Barnama
27-06-2025
- Business
- Barnama
KPDN Launches KBBM 2025 To Boost Sales Of Local MSME Products
ISKANDAR PUTERI, June 27 (Bernama) -- The Ministry of Domestic Trade and Cost of Living (KPDN) today launched the 2025 Buy Malaysian Goods Campaign (KBBM), themed 'Jom Beli Lokal' (Let's Buy Local), to boost local product sales and reduce reliance on imports. Its Minister Datuk Armizan Mohd Ali said the campaign focuses on efforts to boost sales value and penetration of local products, strengthen domestic economic growth and assist local entrepreneurs and micro, small and medium enterprises (MSMEs). 'This campaign directly supports income generation for local entrepreneurs while also contributing to the nation's economic growth,' he said. 'At the same time, this initiative creates a platform to showcase the quality of local products as a preferred choice, thereby reducing reliance on imported goods,' he said during the KPDN 2025 Roadshow and the launch of KBBM at the Puteri Harbour Convention Centre here today. He said the implementation of KBBM is not solely driven by KPDN, but also involves various ministries and government agencies through a 'whole-of-nation' approach 'We also call for the participation of the private sector and non-governmental organisations (NGOs) to strengthen the movement to prioritise quality and competitive local products,' he said. Armizan added that the campaign will be carried out physically through promotions at business premises and expanded to e-commerce platforms in collaboration with major platform operators. 'This e-commerce approach is important, as it has vast potential to showcase local products to a wider market,' he said. He said the KPDN also recorded a sales value of more than RM347 million through KBBM throughout 2023 and 2024, involving almost 700,000 stock keeping units (SKUs) through three major e-commerce platforms, namely TikTok, Shopee and Lazada.
Barnama
25-05-2025
- Business
- Barnama
'Malaysian Product, Japanese Taste' Programme For Local Products To Expand Into New Markets
KUALA LUMPUR, May 19 (Bernama) -- The 'Malaysian Product, Japanese Taste' programme held at Don Don Donki Malaysia in conjunction with the 2025 Buy Malaysian Goods Campaign serves as a platform for local entrepreneurs to penetrate international markets, especially Japan. Ministry of Domestic Trade and Cost of Living (KPDN) Trade, Distribution and Business Sector senior director Datuk Rohaizi Bahari said the programme, which was launched today, would encourage local companies to improve product quality, packaging, certification, food labelling and production capacity. 'This is the result of a strategic collaboration between KPDN and Don Don Donki Malaysia. Today also marks an important step in efforts to strengthen the country's economic identity through the empowerment of local products. 'This initiative, through the 'Local 2 Global Retail' programme, will showcase quality and innovative Malaysian products in a presentation concept inspired by Japanese tastes,' he said at the launch of the 'Malaysian Product, Japanese Taste' programme at the Don Don Donki Mid Valley branch today. Rohaizi said the programme involved the sale of products from five local companies and brands with a total of 281 stock keeping units (SKUs) at four Don Don Donki Malaysia branches, namely at Lot 10 Bukit Bintang, Mid Valley Megamall, Sunway Pyramid, and NU Sentral. 'This programme will be expanded to Japan in August this year. A total of 19 Malaysian brand companies will be involved with 70 SKUs that will be marketed at three Don Don Donki branches in Japan, namely in Hokkaido, Tohoku and Chubu, as well as Kyushu,' he said. Meanwhile, Rohaizi said that the 'Malaysian Product, Japanese Taste' programme also shows that international retail industry players are supporting the government's efforts in stimulating domestic economic growth and expanding the market of local companies to the global level. 'This programme not only introduces unique Malaysian products to customers who love Japanese concepts, but also builds awareness of the quality, creativity and accessibility of our products in the international market. 'The existence of Don Don Donki with more than 50 branches in the Asian region, including Japan, Malaysia, Singapore, Hong Kong, Macau, Thailand and Taiwan, is also a strategic opportunity for local entrepreneurs to penetrate overseas markets,' he said.
The Sun
19-05-2025
- Business
- The Sun
‘Malaysian Product, Japanese Taste' programme for local products to expand into new markets
KUALA LUMPUR: The 'Malaysian Product, Japanese Taste' programme held at Don Don Donki Malaysia in conjunction with the 2025 Buy Malaysian Goods Campaign serves as a platform for local entrepreneurs to penetrate international markets, especially Japan. Ministry of Domestic Trade and Cost of Living (KPDN) Trade, Distribution and Business Sector senior director Datuk Rohaizi Bahari said the programme, which was launched today, would encourage local companies to improve product quality, packaging, certification, food labelling and production capacity. 'This is the result of a strategic collaboration between KPDN and Don Don Donki Malaysia. Today also marks an important step in efforts to strengthen the country's economic identity through the empowerment of local products. 'This initiative, through the 'Local 2 Global Retail' programme, will showcase quality and innovative Malaysian products in a presentation concept inspired by Japanese tastes,' he said at the launch of the 'Malaysian Product, Japanese Taste' programme at the Don Don Donki Mid Valley branch today. Rohaizi said the programme involved the sale of products from five local companies and brands with a total of 281 stock keeping units (SKUs) at four Don Don Donki Malaysia branches, namely at Lot 10 Bukit Bintang, Mid Valley Megamall, Sunway Pyramid, and NU Sentral. 'This programme will be expanded to Japan in August this year. A total of 19 Malaysian brand companies will be involved with 70 SKUs that will be marketed at three Don Don Donki branches in Japan, namely in Hokkaido, Tohoku and Chubu, as well as Kyushu,' he said. Meanwhile, Rohaizi said that the 'Malaysian Product, Japanese Taste' programme also shows that international retail industry players are supporting the government's efforts in stimulating domestic economic growth and expanding the market of local companies to the global level. 'This programme not only introduces unique Malaysian products to customers who love Japanese concepts, but also builds awareness of the quality, creativity and accessibility of our products in the international market. 'The existence of Don Don Donki with more than 50 branches in the Asian region, including Japan, Malaysia, Singapore, Hong Kong, Macau, Thailand and Taiwan, is also a strategic opportunity for local entrepreneurs to penetrate overseas markets,' he said. He explained that based on the Department of Statistics Malaysia (DOSM) data, the wholesale and retail trade sector recorded positive growth with Malaysia's Gross Domestic Product increasing by 5.1 per cent in 2024 compared to 2023, while the value of wholesale and retail sales reached RM154 billion in March 2025. The implementation of the Local 2 Global Retail programme involving four strategic partners in Japan, Thailand and the United Arab Emirates (UAE) last year had successfully recorded a positive overall sales value of RM532,159.90, while the Local Product Empowerment Initiative in the Local Retail Industry and Marketplace successfully generated sales totalling almost RM7.5 billion through the involvement of 20 strategic partners, he added.
