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The Ministry of Entrepreneur Development and Cooperatives (MEDAC) will allocate RM452.8 million to assist COVID-19 affected entrepreneurs under a business recovery plan to support the stability of the entrepreneurial structure of Malaysia. The allocation is expected to benefit more than 21,847 micro entrepreneurs, small and medium enterprises & social entrepreneurs.
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Minister, Datuk Seri Wan Junaidi Tuanku Jaafar, in a statement, said MEDAC tabled the Entrepreneur and Cooperative Recovery Plan at a Cabinet meeting on May 6, 2020. He also mentioned, it contains 30 programs that will be implemented in two phases, namely the immediate measure from May to December 2020 and the medium-term from January 2021 to May 2021.
He also added, MEDAC is working with the Ministry of Finance in formulating the Post COVID-19 Short and Medium-Term Economic Recovery and Restart Plan. “MEDAC is a member of the SME Recovery Support Working Group which focuses on short and medium-term strategies and initiatives to revive affected entrepreneurs and accelerate the country’s economic growth,” “The current and future initiatives are in line with the government’s policy of ensuring that the people, especially entrepreneurs, get the support of MEDAC so that their business operations can continue as normal under the Conditional Movement Control Order (CMCO),” he added. – Bernama Now it's the best time to think about investing in Malaysian business entrepreneurship sector & start a new business or startup. This smart business aids will boost-up your business & let you grow to-gather with Malaysia & sustainable Malaysian economy. This why investors & businessmen in Malaysia should start business with legal company & business licenses to claim this aids. Why Lim & Ani Associates Sdn Bhd We are providing one of the best business & company services in Malaysia, with experienced & licensed company secretaries, professional accountants, auditors, tax & SST experts, expert business advisors and we are offering a one-stop business service in Malaysia. As one of the best leading corporate advisors, we make sure that your company registration, investment, business management in Malaysia runs smoothly & tensions free, while meeting all the existing compliance laws and regulations. Our advisory line to discuss more about starting business with business management +60108242527 (whatsapp available) Call, Email, or text us & take an appointment from the website to visit our office in Malaysia. LIM & ANI ASSOCIATES SDN BHD Call: +60108242527 (imo, whatsap & Viber) Call: +601121189303 Call: +603-84081680 (office landline) Email: advisory@mbbusinessjoint.com www.mbbusinessjoint.com
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