Latest news with #BankRakyat
The Sun
a day ago
- Business
- The Sun
Ewon urges students to embrace entrepreneurship for future success
KUALA LUMPUR: The Minister of Entrepreneur Development and Cooperatives (KUSKOP), Datuk Ewon Benedick, has called on university students to take charge of their futures by embracing entrepreneurship instead of waiting for traditional job opportunities. Speaking at the launch of the Bank Rakyat UNIpreneur and RAKYATpreneur programmes at the Bank Rakyat Twin Towers, Ewon stressed the need for self-reliant entrepreneurs who can navigate economic challenges. 'By legally registering their businesses, students can access government-backed training, financing, and mentorship from agencies like TEKUN, MARA, and Amanah Ikhtiar Malaysia. Our goal is to create entrepreneurs, not just job seekers,' he said. Since 2020, the RAKYATpreneur and UNIpreneur initiatives have supported 2,633 individuals with RM13.04 million in funding as of December 2024. Ewon noted that these numbers reflect real success stories—lives transformed, dreams realised, and potential unlocked. He also highlighted the role of digital skills in expanding market reach and improving efficiency, particularly for rural entrepreneurs. 'Digitalisation is crucial for an inclusive and sustainable entrepreneurial ecosystem, aligning with Malaysia's digital economy and MADANI Economy goals,' he added. Bank Rakyat chairman Datuk Mohd Irwan Mohd Mubarak shared that 63 per cent of RAKYATpreneur participants increased sales within six months, while 80 per cent began saving consistently, and 76 per cent created jobs in their communities. For UNIpreneur, 65.6 per cent of participants saw sales growth, with all adopting regular savings habits. The 2024 programmes now include the RAKYAT Accelerator, offering additional funding for promising alumni. By 2025, the focus will shift to product development, packaging, and fintech integration. 'Entrepreneurs will gain access to digital tools like eBiz Tools Marketplace, eCA-i accounts, i-BizRAKYAT, and free fintech solutions for three to six months, monitored by strategic partners,' Mohd Irwan said. This year, RM3.82 million has been allocated to support 800 participants from August 2025 to January 2026. – Bernama
Barnama
a day ago
- Business
- Barnama
Ewon Urges Students To Embrace Entrepreneurship, Shape Their Own Futures
KUALA LUMPUR, July 29 (Bernama) -- The Minister of Entrepreneur Development and Cooperatives (KUSKOP), Datuk Ewon Benedick, has urged university students to venture into entrepreneurship and create their own careers, rather than relying on existing job opportunities. Speaking at the launch of the Bank Rakyat UNIpreneur and RAKYATpreneur programmes at the Bank Rakyat Twin Towers today, Ewon highlighted the importance of cultivating independent, self-reliant entrepreneurs who are prepared to face the challenges of today's economy. 'By registering their businesses legally, students can access various forms of government support, such as training, financing, and guidance from agencies like TEKUN, MARA, and Amanah Ikhtiar Malaysia. We want to see students emerge as entrepreneurs, not just job seekers,' he said. Since its launch in 2020, the RAKYATpreneur programme and UNIpreneur programme, now in its fourth year, have supported 2,633 individuals, with a total contribution of RM13.04 million as of December 2024. Ewon emphasised that these figures reflect much more than statistics—they represent real stories of lives changed, aspirations achieved, and potential unlocked. He also stressed the importance of digital skills in expanding markets and improving operational efficiency, particularly for rural products. 'Digitalisation is key to building a more inclusive and sustainable entrepreneurial ecosystem, in line with the nation's digital economy goals and the MADANI Economy framework,' he added. Meanwhile, Bank Rakyat chairman Datuk Mohd Irwan Mohd Mubarak said the 2024 programme report showed that 63 per cent of RAKYATpreneur participants saw an increase in sales within six months, while 80 per cent began saving consistently, and 76 per cent created job opportunities for their communities. For the UNIpreneur programme, 65.6 per cent or 328 participants also saw an increase in sales, and all participants began saving consistently.
The Star
20-07-2025
- Business
- The Star
Bank Rakyat charts new course
BANK Kerjasama Rakyat Malaysia Bhd, or more commonly known as Bank Rakyat, has never been the typical commercial bank. Established in 1954 under the Cooperative Ordinance 1948, it began as a small cooperative banking initiative meant to serve rural Malaysians and civil servants. Cancel anytime. Ad-free. Full access to Web and App. RM 13.90/month RM 9.73 /month Billed as RM 9.73 for the 1st month, RM 13.90 thereafter. RM 12.39/month RM 8.63 /month Billed as RM 103.60 for the 1st year, RM 148 thereafter.
Daily Express
18-07-2025
- Daily Express
No action to make danger stretch safe: Family of victim now struggling to survive
Published on: Friday, July 18, 2025 Published on: Fri, Jul 18, 2025 By: Lorena Binisol Text Size: Ivyna (left) and the victim (right), identified as Suzila Adip from Kampung Samalang, died on the spot. Kota Kinabalu: A tragic road accident on July 7 claimed the life of Suzila Adip (40s), who was struck by a Toyota Hilux while crossing the road in front of a bank along Jalan Masak, Keningau. The incident occurred at around 6:20pm, shortly after Suzila returned to her café workplace as a cashier, having bought food nearby. Advertisement She was crossing the street when the vehicle hit her, causing fatal injuries. Suzila died at the scene. Her untimely death had stirred public outcry. Ivyna Augustine Ensu,President of the Keningau Rural Women's Community Association (PKWPK), spoke out against the hazardous road conditions in the area, which she described as lacking basic safety infrastructure, including road markings, pedestrian crossings, speed limit signs, zebra crossings, and speed humps. 'We live with constant uncertainty. Jalan Masak is one of the main routes for residents, yet there is nothing to help pedestrians cross safely. It feels as though the blame is placed on the victim, but the real culprit is the unsafe road. We urge the authorities to act now before more lives are lost,' pressed Ivyna. Suzila's death had left her family in dire circumstances. Her husband, Nais Embun (57), is a dialysis patient requiring treatment three times a week and is unable to work. With their three children still in school, the loss of their sole breadwinner has severely impacted the family's livelihood. According to Suzina, Suzila's sister, a representative of the driver offered RM3,000 as a 'consolation.' 'It's as if my sister's life held no value. The amount couldn't even cover funeral costs,' she said, expressing disappointment with how the matter was handled. The family of the deceased is appealing for public assistance to help ease their burden during the difficult time. Members of the public can donate through Bank Rakyat account 220821563016 Azlian Adip (Suzila's younger sibling) . Ivyna also recalled a previous fatal incident at the same location, where another woman with a child were struck while crossing the road, pressing for urgent need for infrastructure improvements. The community is now appealing to local authorities to take immediate action to improve Jalan Masak's safety conditions for both pedestrians and motorists. Ivyna also urged pedestrians to exercise greater caution when crossing the road. She emphasized the importance of staying alert and advised against using mobile phones while navigating traffic, even in areas where signage or zebra crossings are present. 'It's crucial for pedestrians to be aware of their surroundings before crossing. Road infrastructure alone can't guarantee safety, we must all play our part,' she advised. PKWPK is assisting the victim's family in securing legal representation, determined to seek justice for the mother, wife, and woman whose life was lost so tragically. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
New Straits Times
18-06-2025
- Business
- New Straits Times
Bank Rakyat unveils new scheme for private sector's employees
KUALA LUMPUR: Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) has launched Pembiayaan Peribadi-i Swasta (InstaCash), a new Shariah-compliant personal financing product targeted at private-sector employees. The initiative forms part of the bank's wider strategy offering up to RM50,000 with approval granted within 24 hours. Bank Rakyat chief retail banking officer Khairudin Abdul Rahman said InstaCash is designed to meet the day-to-day financial needs of private-sector workers. "InstaCash comes with competitive profit rates and is structured to support financial wellness among underserved segments, in line with Islamic banking principles. "In just two days since its soft launch, the product has already recorded RM1.3 million in financing disbursed, with 88 applications approved, underscoring the strong early demand," he said at a media engagement today. Khairudin highlighted the application requires minimal documentation, such as salary slips and Employees Provident Fund (EPF) statements, chosen for their reliability and difficulty to forge. "EPF data is harder to fake. If needed, customers can come in, provide a thumbprint and we can verify it instantly through online access. That is part of our risk mitigation strategy," he added. To further streamline the application process, the bank has introduced a QR Brick scan feature, enabling users to initiate their InstaCash application instantly via mobile. Once approved, no guarantor is needed, and customers can sign the financing contract on the same day. Disbursement follows the next morning in accordance with Bank Negara Malaysia's settlement regulations. "This marks a major expansion for the cooperative bank, which currently counts 1.2 million out of Malaysia's 1.6 million civil servants as customers. "With only about 400,000 civil servants left and many already with other banks, it's a saturated space. So it's time we look to the private sector," Khairudin added. Bank Rakyat expects InstaCash to contribute RM130 million in financing by December this year, with an annual target of RM240 million starting from 2026. "If performance and demand are strong, we're open to expanding the facility. But all changes will go through a review cycle for six months, or a year," Khairudin said.
