Latest news with #EmpowerPPK
The Sun
19 hours ago
- Business
- The Sun
Government support for street vendors through Empower PPK programme
KUALA LUMPUR: The government continues to support street vendors and hawkers through the Vendor and Small Business Empowerment Seminar programme known as Empower PPK. Deputy Minister of Entrepreneur Development and Cooperatives Datuk Seri R. Ramanan confirmed the programme's ongoing implementation. He revealed that the ministry trained 618 vendors and small traders under the Empower PPK programme last year. As of June this year, the programme has been rolled out in Sabah and Putrajaya, benefiting 210 vendors and small traders. Ramanan stated, 'The allocated budget for the Empower PPK programme for 2024 and 2025 is RM60,000.' He added, 'While the allocation is modest, we have formed numerous collaborations with agencies like TEKUN Nasional, Bank Rakyat, SME Corp, and the National Entrepreneurship Institute.' The deputy minister provided this information during the Dewan Rakyat question and answer session. He was responding to a question from Datuk Muslimin Yahaya regarding the programme's status and fund distribution. Ramanan highlighted INSKEN's partnership in helping vendors boost capacity and digitalise their businesses. He mentioned specific initiatives including the Product Development Coaching Programme and Money Management Mentoring Programme. 'This year, 288 participants have benefited, with an allocation of RM565,996,' Ramanan confirmed. He added, 'Overall, INSKEN's mentoring programme has supported 1,256 entrepreneurs with a total allocation of RM4.089 million.' Bank Rakyat has provided financing to 827 vendors and small traders amounting to RM5.6 million as of July. TEKUN Nasional has allocated RM3.506 million for the Online Financing Scheme, benefiting 390 small and informal traders. Responding to a supplementary question about digitalisation support for B40 entrepreneurs, Ramanan confirmed the ministry's request for additional funding. 'The ministry has also sought additional funds for capacity-building initiatives for vendors and small traders,' he stated. Ramanan concluded, 'Furthermore, an impact study is being conducted through INSKEN to continuously offer skills training and capacity development.' - Bernama
Barnama
19 hours ago
- Business
- Barnama
Gov't Continues Support For Street Vendors, Hawkers Through Empower PPK Programme
KUALA LUMPUR, Aug 20 (Bernama) -- The capacity-building, mentorship, and business digitalisation programme for street vendors and hawkers continues to be implemented through entrepreneurship coaching sessions, such as the Vendor and Small Business Empowerment Seminar (Empower PPK). Deputy Minister of Entrepreneur Development and Cooperatives (KUSKOP), Datuk Seri R. Ramanan, said the ministry trained 618 vendors and small traders under the Empower PPK programme last year. As of June this year, KUSKOP, in collaboration with its agencies and strategic partners, has rolled out the programme in Sabah and Putrajaya, benefiting 210 vendors and small traders. 'The allocated budget for the Empower PPK programme for 2024 and 2025 is RM60,000. 'While the allocation is modest, we have formed numerous collaborations with agencies like TEKUN Nasional, Bank Rakyat, SME Corp, and the National Entrepreneurship Institute (INSKEN),' he said during the question and answer session in the Dewan Rakyat today. Ramanan said this in reply to a question from Datuk Muslimin Yahaya (PN-Sungai Besar) about the ongoing status of the programme and the funds distributed to participants. He highlighted INSKEN's partnership, which has helped vendors and small traders boost their capacity and digitalise their businesses through initiatives like the Product Development Coaching Programme (PDC) and Money Management Mentoring Programme (MAC). "This year, 288 participants have benefited, with an allocation of RM565,996. Overall, INSKEN's mentoring programme has supported 1,256 entrepreneurs with a total allocation of RM4.089 million," he said. In addition, Bank Rakyat has provided financing to 827 vendors and small traders, amounting to RM5.6 million as of July this year, while TEKUN Nasional has allocated RM3.506 million for the Online Financing Scheme, benefitting 390 small and informal traders.
New Straits Times
21 hours ago
- Business
- New Straits Times
Business digitalisation, hawker support schemes still active nationwide, says Ramanan
KUALA LUMPUR: The Business Enhancement Programme, Hawkers' Development Programme, and Business Digitalisation Programme remain active to support small traders nationwide, says Deputy Entrepreneur and Cooperatives Development Minister Datuk Seri R. Ramanan. "These programmes are still being implemented through a series of entrepreneurial guidance initiatives, such as the Seminar on the Cultivation and Empowerment of Hawkers and Small Traders Entrepreneurship (EmpowerPPK)," he told the Dewan Rakyat today. He was responding to a question from Sungai Besar MP Datuk Muslimin Yahya who enquired about whether the programmes were still ongoing and sought details on their allocations. Ramanan said that in 2024, 618 hawkers and small traders received training under EmpowerPPK, with a total allocation of RM60,000 for 2024 and 2025. Up to June this year, a further 210 participants benefited from sessions in Sabah and Putrajaya, organised in collaboration with agencies including the National Entrepreneurship Institute (Insken), Bank Rakyat, and Tekun Nasional, as well as partners TikTok Shop, the Social Security Organisation (Perkeso), and the Employees Provident Fund (EPF). He said that the ministry's agencies also provided capacity-building, digitalisation, and financing schemes to strengthen the hawker and small trader community. For instance, Insken conducted coaching programmes in 2025, such as the Product Development Coaching Programme and the Financial Management Coaching Programme, benefiting 288 participants with a total of RM565,996 in funding. "Altogether, Insken's coaching reached 1,256 entrepreneurs, with an allocation of RM4.089 million," he said. Ramanan also said that Bank Rakyat provided financing worth RM5.6 million to 827 hawkers and small traders up to July 2025.
New Straits Times
05-08-2025
- Business
- New Straits Times
MyMall records RM24.3mil in sales, boosts SMEs growth
KUALA LUMPUR: MyMall, the e-commerce platform launched to support small and medium enterprises (SMEs), has recorded over RM24.3 million in sales as of July 31. Deputy Entrepreneur Development and Cooperatives Minister Datuk Seri R. Ramanan said this marks a sharp increase of RM15 million in sales within the first seven months of the year, with 3,407 merchants currently registered on the platform. "The ministry is committed to helping SMEs to overcome challenges such as rising business costs and e-commerce platform commission rates. "The ministry has introduced the MyMall platform in 2022, and we encourage SMEs entrepreneurs to register on MyMall to utilise its free e-commerce marketing space. "This initiative aims to help entrepreneurs manage the rising cost of living and expand their businesses online for free," he told the Dewan Rakyat today. Ramanan was responding to a question from Ipoh Timur MP Lee Chuan How (PH) on measures taken by the ministry to safeguard entrepreneurs amid cost pressures, particularly in light of increased commission rates imposed by major platforms like Shopee, TikTok and Lazada. Apart from MyMall, Ramanan said the ministry is also running various capacity-building and digitalisation programmes through its agencies, including EmpowerPPK, TikTok Shop Live Hub and BizClinic. He said EmpowerPPK programme is a free programme to empower small hawkers and traders with the knowledge and skills needed for digital business transactions. "In 2024, the programme trained 618 traders, with an additional 210 trained by June 30. "However, the number of traders and the scope of the training are limited by an annual allocation of RM30,000. "The ministry will seek additional funding to include more informal and micro entrepreneurs in the programme," he said. As for the TikTok Shop Live Hub, Ramanan said it provides a studio equipped with advanced livestreaming technology, allowing entrepreneurs to produce high-quality content, boost their sales and expand market reach. BizClinic, meanwhile, offers advice on cost optimisation, financial planning and business resilience strategies to help entrepreneurs navigate rising operational costs and remain competitive.
