Archive-Latest News 2022

Pernas to create opportunity for entrepreneurs in Sabah

Date : 22 Mac 2022
Source: New Straits Times

KOTA KINABALU: Perbadanan Nasional Bhd (Pernas) and Sabah Industrial Development and Research Department (DIDR) have signed a memorandum of collaboration (MoC) to provide training programmes for local small and medium industry (SMI) entrepreneurs.

The SMI entrepreneurs will receive guidance via the Be Your Own Boss (BYOB) project and a grant assistance of RM400,000 known as Sabah Small and Medium Industry Assistance (BAIKS).

Pernas chairman Datuk Zakaria Mohd Edris said at least 20 entrepreneurs in Sabah would benefit from the collaboration.

“Today’s ceremony marks another commitment and initiative of Pernas in realising its mandate in leading the franchise industry in Malaysia.

“Pernas is always looking for opportunities to work with government agencies, ministries, private sector, industry players and non-governmental organisations (NGO) in an effort to produce more entrepreneurs to boost the growth of the franchise industry.”

Also present were state Assistant Industrial Development Minister Tamin Zainal to witness the signing ceremony held at a hotel here today between DIDR director Tseu Kei Yue and Pernas chief executive officer Mohd Hilaluddin Abd Shukor.

The collaboration is aimed at assisting both bumiputera and non-bumiputera small entrepreneurs in Sabah whose businesses had been adversely affected by the Covid-19 pandemic.

It is also to increase the number of small and medium entrepreneurs to venture into business based on the franchise and pre-franchise system.

The BYOB project also offers two programmes – the “Successful Women Entrepreneurship Engagement Talent (Sweet)” for women and the “Young Entrepreneurship Engagement Talent (YOUNITY)” for youths.

Entrepreneurs also have the opportunity to undergo structured training, business matching, financing and business monitoring for six months upon commencement of business.

From the two programmes, Pernas plans to produce 1,000 franchisees and pre -franchisees.

Since the project was introduced, BYOB has registered 1,070 participants and RM19 million had been allocated for the implementation.

The state Industrial Development Ministry through DIDR will distribute grants to entrepreneurs who successfully participated in BYOB projects. Each entrepreneur will receive RM20,000.

Pernas offers business packages from brands under the Business In Transformation (BIT) programme such as Alap-Alap, Mr Doonat, Keropok Lekor Masyhur, Nuvis, Chik Satay, Eyda Ice-Cream and Rollie Café.

19/01/2023

Archive-Latest News 2022

MEDAC allocates RM1.6 mln to help businesses hit by flood, Covid

Date: 28 January 2022
Source : The Sun

KUALA LUMPUR: The Ministry of Entrepreneur Development and Cooperatives (MEDAC) has allocated RM1.6 million for its special tithe fund which will be distributed by agencies under the ministry to asnaf entrepreneurs affected by COVID-19 and floods.

Minister Tan Sri Noh Omar said the distribution of aid collected from various agencies under MEDAC was aimed at easing the financial burden of the entrepreneurs as well as helping them to revive their businesses.

He said MEDAC had so far identified a total of 314 asnaf entrepreneurs affected by COVID-19 nationwide as a result of cooperation with various parties including the Federal Territories Islamic Religious Council (MAIWP).

“For the first phase today, 25 asnaf from Kuala Lumpur were given a one-off RM2,000 aid each,“ he told reporters after attending the Perbadanan Nasional Berhad (PERNAS) Tithe Handover Ceremony at the Bank Rakyat Twin Towers here today.

The allocation for flood-affected asnaf entrepreneurs would be channelled in the next phase, he said.

Meanwhile, PERNAS chief executive officer Mohd Hilaluddin Abd Shukor said the company had introduced the Asnafpreneur Programme which aimed at providing capital injections to asnaf under the Business in Transformation (BIT) Programme.

He said 50 asnaf, comprising women and youths aged 21 to 60, were guided through BIT’s physical training courses.

“PERNAS has allocated RM266,635 or RM5,000 for each participant through the distribution of Zakat Wakalah money as business start-up capital.

“For participants who choose the BIT programme business package exceeding RM5,000, they can apply for financing assistance of up to 90 per cent with a financing rate of 3.75 per cent and a financing size of up to RM25,000 from PERNAS,“ he said.

19/01/2023