Published: 30 June 2021
This ‘First Close, Last to Open’ (FCLO) recovery programme stands to benefit up to 10,000 entrepreneurs with finance and business support, according to Minister Wan Junaidi.
With the PEMULIH package recently announced, Malaysia’s Ministry of Entrepreneur Development and Cooperatives (MEDAC) said that it will utilise the RM100mn allocated to help affected micro-SMEs (PMKS) in the non-essential sectors or the ‘First Close, Last to Open’ (FCLO) category.
This FCLO recovery programme, a collaboration between MEDAC and two of its agencies TEKUN Nasional and National Entrepreneurship Institute (INSKEN), will provide up to RM10,000 micro-financing, and benefit around 10,000 FCLO entrepreneurs through comprising structured advisory and consultation, coaching and training, financing and progress monitoring.
Entrepreneur Development and Cooperative (MEDAC).minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar the findings of two online survey conducted in March 2021 were very worrying.
MORE than 90% of micro, small, medium and informal enterprises would be risking business closure if the movement control order (MCO) continues to be implemented, says the Ministry of Entrepreneur Development and Cooperative (MEDAC).
As such, its minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar says the ministry will continue to undertake intervention measures under the Entrepreneur and Cooperative Recovery Plan, and offer financing assistance and targeted moratorium to help the entrepreneurs in facing the impact from the MCO.
More than 90 per cent of micro, small, medium and informal enterprises would be risking business closure if the Movement Control Order (MCO) continues to be implemented, said the Ministry of Entrepreneur Development and Cooperative (MEDAC).
KUALA LUMPUR, June 4 More than 90 per cent of micro, small, medium and informal enterprises would be risking business closure if the movement control order (MCO) continues to be implemented, said the Ministry of Entrepreneur Development and Cooperative (Medac). Its minister, Datuk Seri Wan.
KUALA LUMPUR: More than 90 per cent of micro, small, medium and informal enterprises would be risking business closure if the Movement Control Order (.