KUALA LUMPUR: The Ministry of Entrepreneur Development and Cooperatives (MEDAC) will soon establish a university of cooperatives and entrepreneurship to provide a new line-up of professionals to handle cooperatives management in the country.
Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said MEDAC was currently in the process of preparing a working paper before holding further discussions with relevant parties including the Ministry of Higher Education.
“This institute will act as a platform to produce a new generation of cooperative movement leaders who are knowledgeable, have business and entrepreneurial skills. It is expected to open by the end of this year, and premises have already been identified in Cyberjaya,” he said at a media conference after the launch of the Malaysian Cooperative Transformation Plan (TransKoM) here yesterday.
Wan Junaidi said the proposed university would be placed under the Cooperative Institute of Malaysia (IKM) however it would not interfere with IKM’s function as the only cooperatives training centre in the country.
TransKoM was officiated by Prime Minister Tan Sri Muhyiddin Yassin.
The setting up of the university was part of the ministry’s strategies to transform and strengthen the cooperatives movement in the country that has more than 6.1 million members through TransKoM, he said adding that he was confident that the country’s cooperatives movement would be able to achieve great success at the regional as well as international level with the help of the new generation of cooperatives professionals.
TransKoM outlines five goals namely the achievement of goals based on common well-being and prosperity; a constructive and facilitative legal and regulatory system; productive and knowledgeable human capital; new business models based on technology and knowledge; and evidence-based planning and innovative delivery and monitoring systems.
He said overall, 20 strategic measures, 36 programmes and activities as well as 30 Key Performance Index (KPI) were set under five thrusts with the implementation of the transformation in three phases beginning this year until 2025.
-- BERNAMA
Bernama
Wed Mar 31 2021
Tan Sri Muhyiddin Yassin (L) and Datuk Seri Dr Wan Junaidi Tuanku Jaafar at the launch of the Malaysian Cooperative Transformation Plan (TransKoM) yesterday. BERNAMAPic
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.
Minimum wage to increase to RM1,700 effective Feb 1, 2025
The Progressive Wage Policy would be fully enforced next year with an allocation of RM200 million, benefiting 50,000 workers.
Bursa Malaysia ends higher on Budget 2025 optimism
The benchmark index, which opened 1.85 points higher at 1,643.29, moved between 1,641.71 and 1,649.31 throughout the trading session.
Five important aspects relating to people’s lives in Budget 2025 - PM
The focus is on driving the MADANI Economy, speeding reforms, cutting red tape, raising wages, and tackling the cost of living.
Economic outlook: Govt plans to leverage, expand existing city transit system
The expansion aims to provide a more efficient and reliable public transportation network, reduce congestion, and improve accessibility.
Economic outlook: Budget 2025 to lay foundation for a digital-driven economy
The report said Budget 2025 will entail efforts to position Kuala Lumpur as a top 20 global startup hub by 2030 through the KL20 initiative.
Economic outlook: Corruption and lack of accountability hinder economic progress
Special Cabinet Committee on National governance is established to curb corruption, law reforms to modernise outdate regulations, MoF said.
National Wages Consultative Council will be strengthened
The govt will also incentivise hiring women returning from career breaks, offer job matching and improve care services facilities.
Economic outlook: Ensuring 11 years of compulsory education for all children
Budget 2025 will continue prioritising upskilling and retraining initiatives to equip workers with the latest skill sets necessary.
Consolidated public sector projected to record lower surplus of RM41.7 bil 2024
The MoF said the consolidated general government revenue is estimated to increase slightly to RM384.7 billion in 2024.
PM announces substantial Budget 2025 hastening Malaysia to become Asian economic powerhouse
Datuk Seri Anwar Ibrahim said it would create jobs and also tackle financial leakages to enhance public spending efficiency.