SHAH ALAM: The Ministry of Entrepreneur Development and Cooperatives (KUSKOP) will create a special scheme to help the online entrepreneurial community further stimulate and expand their businesses.
Its Minister, Tan Sri Noh Omar, said the special scheme to be proposed to the government under the upcoming budget would also assist the youth community, in particular, who seemingly tend to gravitate towards online business.
"Based on record (data) from the Companies Commission of Malaysia (SSM) during the period from March 1 till Oct 31, 2020, a total of 373,213 entities registered their business with SSM for the online business category.
"Online business is extraordinary and flexible so much so that one can work from home, with government servants capable of achieving income more than their salary. Hence, KUSKOP has aksed all its agencies to provide a special scheme to help online entrepreneurs," he told reporters after officiating the closing ceremony of the Selangor small traders and hawkers strengthening programme (PPPPK) here, today.
Noh said the special scheme plan would provide the maximum allocation allowed according to the respective agencies under the ministry.
"Priority will be given to more than 2,000 participants who have attended the (PPPPK) programme to become the first batch of recipients for this scheme under the ministry's agencies," he said.
The programme which successfully gathered 2,836 hawkers and traders is held over 10 series nationwide and Selangor was selected as the final destination for the event.
Meanwhile, he said, in order to make the ministry's digital platform, MyMall, as the leading e-commerce provider that is capable of competing with existing platforms, four e-commerce platforms, namely ODELA by SME Bank, Pybli by Pernas, Angsana Virtual Mall by UDA Holdings and WarongKu had merged and were put under MyMall.
He said the ministry acknowledged that to compete with the existing e-commerce platforms is not an easy task, however, he hoped MyMall is able to be on par with them in the future.
"Currently, the response is very encouraging and (the ministry) will strive to attract more online entrepreneurs to join the platform," he added.
-- BERNAMA
Bernama
Wed Aug 03 2022
Tan Sri Noh Omar said the special scheme to be proposed to the government under the upcoming budget would also assist the youth community, in particular, who seemingly tend to gravitate towards online business. - BERNAMA
Iran's supreme leader says Hamas leader's death will not halt 'Axis of Resistance'
The "Axis of Resistance", built up with years of Iranian support, includes Hamas, the Lebanese Hezbollah group, the Houthi movement in Yemen, and various Shi'ite groups in Iraq and Syria.
Putin says Russia willing to seek compromises between Iran and Israel
Russia is ready to help seek compromises between arch-foes Israel and Iran, President Vladimir Putin said on Friday, saying these would be difficult but possible.
What proposals will Russia push at the BRICS summit?
The proposal is also to establish a BRICS reinsurance company to allow uninterrupted shipment of goods and key commodities between members.
Indonesia's free meals plan in the spotlight as Prabowo readies for office
Prabowo calls the programme one of the main drivers of economic growth, eventually set to add an estimated 2.5 million jobs.
Astro AWANI's revamped English news website, AWANI International, launches on Oct 21
Astro AWANI's revamped English platform delivers in-depth global news and expert analysis to keep you informed on key developments.
Israeli strikes kill 33 people in Jabalia refugee camp in Gaza, medics say
Residents of Jabalia said Israeli tanks had reached the heart of the camp after pushing through suburbs and residential districts.
Liam Payne's ex-partner calls for media restraint after 'painful' death
Cheryl Tweedy used her statement to urge the media to remember they had a seven-year-old son, Bear, who could read the reports.
Analysts: Indonesia's strong MoF leadership team to boost investor confidence
Sri Mulyani Indrawati as head of Indonesia's Ministry of Finance is expected to instil confidence among investors.
Biden offers both a carrot and a stick to Israel as his term nears an end
Israel has frequently resisted US advice and has caused political difficulties for the Biden administration.
Putin says BRICS will generate most of global economic growth
Russian President Vladimir Putin will host a summit of the group in the city of Kazan on Oct. 22-24.
ISIS Malaysia's perspective of Budget 2025
An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Budget 2025: Record increase in STR, SARA aid initiatives
The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar
The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
What policies to expect from Indonesia's new President Prabowo
Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS
The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Israel sends more troops into north Gaza, deepens raid
Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Indonesia ramps up security ahead of Prabowo's inauguration
Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods
Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM
Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
NFOF will be operational in November 2024 with funding of RM1 bil
PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.