Malaysian Ministry of Entrepreneur Development and Cooperative (MEDAC) is consistently monitoring the progress of entrepreneurs and cooperatives in Malaysia, Minister Datuk Ewon Benedick has said.
Malaysian Ministrer of Entrepreneur Development and Cooperative (MEDAC) Datuk Ewon Benedick (middle),SME president Ding Hong Sing (right) at the Grand Launching of Platinum Business Award 2023, June 15, Kuala Lumpur (Photo:nst.com.my)
Kuala Lumpur (VNA) – Malaysian Ministry of Entrepreneur Devel𓄧opment and Cooperative (MEDAC) is consistentlymonitorinജg the progress of entrepreneurs and cooperatives in Malaysia, MinisterDatuk Ewon Benedick has said.
According to the minister, for the year 2023, the ministry has outlined 24 strategies and 185 programmes nationwide that wouldbenefit more than 500,000 micro, small and medium enterprises (MSMEs) inMalaysia.
Speaking at the Grand Launching of PlatinumBusiness Award 2023, organised by the Small and Medium Enterprises Association ofMalaysia (SME Malaysia) at MITEC Kuala Lumpur on June15, the minister encouraged entrepreneurs and cooperatives to sell their productsand services on digital platforms in order to expand their market access andboost the economic growth of the nation.
He revealed that the ministry introduced a free digital entrepreneurship ecosystem developmentplatform, called MyMall, to facilitate the expansion of local MSMEs to digitalplatforms.
A strong entrepreneurship ecosystem willdefinitely promote innovation and contribute towards the economic developmentof the nation, he emphasised.
Meanwhile, SME president Ding Hong Sing mentionedcurrent challenges that SMEs are facing such as lower profit margin as theyhave to refuse big orders due to labour shortage post COVID-19 pandemic.
Besides domestic SMEs, Malaysia is expandingthe award to foreign ones in an attempt to boost economic relations withpartners such as China, Indonesia, Vietnam, Cambodia, Taiwan (China) and theRepublic of Korea, among others.
First launched in 2002 by the SME Malaysia underthe instruction of MEDAC, the annual aims to honour SMEs andindividuals for their outstanding achievements and contributions.
The award will b🦄e announced in Novemberಌ thisyear./.
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Malaysian Ministrer of Entrepreneur Development and Cooperative (MEDAC) Datuk Ewon Benedick (middle),SME president Ding Hong Sing (right) at the Grand Launching of Platinum Business Award 2023, June 15, Kuala Lumpur (Photo:nst.com.my) 
