Latest news with #KUSKOP
The Sun
2 days ago
- Business
- The Sun
KUSKOP aids 8,466 Indian entrepreneurs in first five months of 2024
KUALA LUMPUR: The Ministry of Entrepreneur Development and Cooperatives (KUSKOP) has assisted 8,466 Indian entrepreneurs through multiple initiatives between January and May this year. These programmes, including Prosperity Empowerment and A New Normal for Indian Women (PENN), Bank Rakyat Indian Entrepreneur Financing-i (BRIEF-i), and the SPUMI Empowerment Financing Scheme (SPUMI Goes Big), aim to enhance economic inclusivity. KUSKOP Deputy Minister Datuk Seri R Ramanan highlighted the government's dedication to uplifting the Indian community in entrepreneurship. 'This demonstrates that Indian entrepreneurs are integral to Malaysia's economic progress,' he said during a press conference after launching the Vanigham Financing Scheme under SME Bank. The scheme allocates RM50 million for Indian small businesses, offering loans between RM100,000 and RM300,000 at a subsidised 6% interest rate. Due to high demand, SME Bank expanded funding to RM140 million, redirecting applicants to other suitable programmes. Today, RM2 million was disbursed to the first 20 beneficiaries. Also present were ministry deputy secretary-general Datuk Saidatu Akhma Hassan and SME Bank chairman Datuk Muslim Hussain.
Barnama
2 days ago
- Business
- Barnama
MADANI JMKU Programmes Record Nearly RM10 Million In Sales Since 2022
KUALA LUMPUR, June 26 (Bernama) -- More than 150 series of the MADANI Cooperative and Entrepreneur Sales Programme (JMKU), held at 128 locations nationwide since 2022, have generated nearly RM10 million in sales. Entrepreneur Development and Cooperatives (KUSKOP) Minister Datuk Ewon Benedick said the initiative, organised with Malaysia Cooperative Societies Commission (SKM), supports the MADANI economic framework's focus on improving people's well-being. He added that the Vendor Capacity and Capability Development Programme (PPKV) recorded total sales of RM1.23 billion through the participation of 108 vendors. 'Last year alone, KUSKOP implemented 204 programmes that benefited close to 800,000 entrepreneurs, including micro, small and medium enterprises (MSMEs), cooperatives, social enterprises, hawkers, and petty traders,' he said at the launch of SME Bank's Budget 2025 Initiative, attended by Finance Minister II Datuk Seri Amir Hamzah Azizan. Ewon also highlighted that KUSKOP had upgraded or built 98 Tamu Desa premises in Sabah and Sarawak, with a total allocation of RM19 million between last year and early this year. He reaffirmed the ministry's commitment to driving entrepreneurship and cooperative development in line with the MADANI Economic Framework and the National Entrepreneurship Policy 2030. On the SME Bank-led Budget 2025 Initiative, Ewon said it underlines the vital role of development financial institutions in supporting national efforts to enhance the competitiveness and resilience of local entrepreneurs. 'The launch reflects the government's strong intent to ensure every ringgit under Budget 2025 delivers tangible benefits, especially to the entrepreneurial community,' he said. He expressed confidence that the initiative would enable more MSMEs to expand their capacity, explore new markets, and adapt to current demands, including digitalisation, sustainability, and exports.
New Straits Times
5 days ago
- Business
- New Straits Times
Entrepreneur Development Ministry's trade mission to Japan targets RM51mil in deals
KUALA LUMPUR: The Entrepreneur Development and Cooperatives Ministry (KUSKOP)'s official trade mission to Japan, held in conjunction with Expo 2025 Osaka, is expected to generate RM51 million in potential investment and sales. In a statement, the ministry said the mission is part of its strategic efforts to strengthen the presence of Malaysian small and medium enterprises (SMEs) in the international market, particularly in Japan. To date, seven memorandums of understanding (MoUs) worth RM10.3 million have been signed between four Malaysian companies and seven Japanese firms. "At the same time, 10 Malaysian SMEs also launched their products in conjunction with the inauguration of KUSKOP Week at the Malaysia Pavilion (at the expo)," the ministry said. The KUSKOP delegation, accompanied by its agencies, includes SME Bank, SME Corp Malaysia, Perbadanan Nasional Bhd, the Malaysian Cooperative Commission, 39 SME companies, and five cooperatives from various sectors. A key highlight of the mission is the organisation of KUSKOP Week at the Malaysia Pavilion, which began yesterday and runs until June 28. It carries the theme Health and Well-being, in line with efforts to promote local products and services in the health, healthy lifestyle and wellness sectors. The ministry said it remains fully committed to elevating Malaysian SMEs to the global stage by actively pursuing strategic business opportunities in Japan and the broader East Asian region. During the trade mission, the KUSKOP delegation will also engage with the Osaka Chamber of Commerce and Industry, as well as other key industry players, to explore new business collaboration opportunities. "The implementation of the trade mission is in line with the aspirations of Malaysia MADANI, which emphasises sustainability, inclusive development and well-being through the strengthening of international economic relations," the ministry added.
The Sun
5 days ago
- Business
- The Sun
KUSKOP trade mission to Japan targets RM51 million deals
KUALA LUMPUR: The Ministry of Entrepreneur Development and Cooperatives' (KUSKOP) official trade mission to Japan, in conjunction with the Osaka Expo 2025, is expected to generate RM51 million in potential investment and sales. It said in a statement that the mission is part of its strategic efforts to strengthen the presence of Malaysian Small and Medium Enterprises (SMEs) in the international market, particularly in Japan. So far, according to the ministry, seven memorandums of understanding (MoUs), worth RM10.3 million, have been signed between four Malaysian companies and seven Japanese companies. 'At the same time, 10 Malaysian SMEs also launched their products in conjunction with the inauguration of KUSKOP Week at the Malaysia Pavilion (at the expo),' said the ministry. The KUSKOP delegation, accompanied by agencies under the ministry, comprises SME Bank, SME Corp Malaysia, Perbadanan Nasional Bhd, the Malaysian Cooperative Commission, and 39 SME companies as well as five cooperatives from various sectors. The mission's highlight is the organisation of KUSKOP Week at the Malaysia Pavilion, which started yesterday and will run until June 28, with the theme 'Health and Well-being', in line with the aspiration to introduce local products and services in the health, healthy lifestyle and wellness sectors. According to the ministry, it has always fully committed to elevating Malaysian SMEs to the global stage by aggressively exploring and seizing strategic business opportunities in Japan and the East Asia region. During the trade mission, the KUSKOP delegation will also meet with the Osaka Chamber of Commerce and Industry as well as other industry players to expand business collaboration opportunities. 'The implementation of the trade mission is in line with the aspirations of Malaysia MADANI, which emphasises sustainability, inclusive development, and well-being through the strengthening of international economic relations,' added the ministry.
New Straits Times
5 days ago
- Business
- New Straits Times
KUSKOP trade mission to Japan targets RM51mil in deals
KUALA LUMPUR: The Entrepreneur Development and Cooperatives Ministry (KUSKOP)'s official trade mission to Japan, held in conjunction with Expo 2025 Osaka, is expected to generate RM51 million in potential investment and sales. In a statement, the ministry said the mission is part of its strategic efforts to strengthen the presence of Malaysian small and medium enterprises (SMEs) in the international market, particularly in Japan. To date, seven memorandums of understanding (MoUs) worth RM10.3 million have been signed between four Malaysian companies and seven Japanese firms. "At the same time, 10 Malaysian SMEs also launched their products in conjunction with the inauguration of KUSKOP Week at the Malaysia Pavilion (at the expo)," the ministry said. The KUSKOP delegation, accompanied by its agencies, includes SME Bank, SME Corp Malaysia, Perbadanan Nasional Bhd, the Malaysian Cooperative Commission, 39 SME companies, and five cooperatives from various sectors. A key highlight of the mission is the organisation of KUSKOP Week at the Malaysia Pavilion, which began yesterday and runs until June 28. It carries the theme Health and Well-being, in line with efforts to promote local products and services in the health, healthy lifestyle and wellness sectors. The ministry said it remains fully committed to elevating Malaysian SMEs to the global stage by actively pursuing strategic business opportunities in Japan and the broader East Asian region. During the trade mission, the KUSKOP delegation will also engage with the Osaka Chamber of Commerce and Industry, as well as other key industry players, to explore new business collaboration opportunities. "The implementation of the trade mission is in line with the aspirations of Malaysia MADANI, which emphasises sustainability, inclusive development and well-being through the strengthening of international economic relations," the ministry added.
