KUALA LUMPUR, July 17 — Various initiatives have been implemented by the government to show responsive feedbacks in ensuring economic survival of the cooperatives sector in particular and the country in general, the Ministry of Entrepreneur Development and Cooperatives said.
Deputy minister Datuk Wira Mas Ermieyati Samsudin said among the initiatives are Cooperative Economic Rehabilitation Intervention Plan that was introduced to increase and revitalise the cooperative economic sector. “Cooperatives as a business entity and social organisation are also affected as evidenced by the lower revenue by RM4.34 billion to RM41.45 billion in 2020 from RM45.79 billion in 2019.
Meanwhile, Mas Ermieyati said as of June 30, SKM recorded a total of 127 cooperatives’ MCO 3.0 moratorium applications being approved involving a total amount of RM8.3 million for a period of three months.
Implementing when? Tmrw tmrw or now now ?