Latest news with #JelajahKarnivalKPDN2025
The Sun
9 hours ago
- Business
- The Sun
Malaysia's distributive trade hits RM1.766 trillion in 2024
ISKANDAR PUTERI: The sales value of Malaysia's distributive trade sector rose to RM1.766 trillion in 2024, up from RM1.674 trillion in 2023, marking a 5.5 per cent increase. Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali attributed the growth to the sector's strong post-pandemic recovery, creating more opportunities for local products. Speaking at the launch of the Buy Malaysian Goods Campaign (KBBM) and the southern zone Jelajah Karnival KPDN 2025, Armizan highlighted the campaign's role in promoting domestic economic growth. The event, held at Puteri Harbour Convention Centre, saw attendance from Deputy Minister Datuk Dr Fuziah Salleh, Johor Menteri Besar Datuk Onn Hafiz Ghazi, and state committee chairman Lee Ting Han. Johor was chosen as the starting point for the carnival, which runs until June 29, following last year's success with 761,659 visitors. The tour will expand to five other zones, including Kedah, Pahang, Selangor, Sabah, and Sarawak, featuring consumer advocacy programmes and local product promotions. Armizan noted that KBBM 2025 aims to support micro, small, and medium enterprises (MSMEs) in expanding their market reach. The campaign has already generated over RM347 million in sales in 2023 and 2024, with nearly 700,000 products sold via TikTok, Shopee, and Lazada. He emphasised a whole-of-nation approach, involving ministries, agencies, and private sector collaboration. The Local to Global Retail programme will further enhance the global presence of Malaysian products. 'The Jom Beli Lokal campaign is a long-term policy to strengthen economic security,' Armizan said. 'With RM1.766 trillion in trade, we want more local products in the market.'
Barnama
9 hours ago
- Business
- Barnama
Sales Value Of Malaysia's Distributive Trade Sector Increased To RM1.766 Trillion In 2024
ISKANDAR PUTERI, June 27 (Bernama) -- The sales value of Malaysia's distributive trade sector increased to RM1.766 trillion in 2024, compared to RM1.674 trillion in the previous year, said Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali. He said the 5.5 per cent increase reflected the encouraging performance of the domestic distribution sector, which remained sustainable post-pandemic, thus opening up wider space for local products to penetrate the market more aggressively. "We see this increase in sales value as a positive momentum. It provides an opportunity for us to mainstream local products in this large wholesale and retail trade sector," he told a press conference after opening the southern zone 'Jelajah Karnival KPDN 2025' and the launch of the Buy Malaysian Goods Campaign (KBBM) at the Puteri Harbour Convention centre here today. Also present were Deputy Minister of KPDN Datuk Dr Fuziah Salleh, Johor Menteri Besar Datuk Onn Hafiz Ghazi, and the chairman of the state Investment, Trade, Consumer Affairs and Human Resources Committee Lee Ting Han. This year, Johor was selected as the opening location for the 'southern zone 'Jelajah Karnival KPDN 2025, which will run for three days until June 29, taking into account the encouraging response in 2024, which recorded a total of 761,659 visitors. The tour series will then proceed to five other zones, namely the Northern Zone (Kedah), Eastern Zone (Pahang), Central Zone (Selangor), Sabah Zone and Sarawak Zone, with various consumer advocacy programmes, local product promotions, and exhibitions by government agencies. Armizan said KBBM 2025 is a strategic initiative to stimulate domestic economic growth and assist micro, small, and medium enterprises in expanding their market reach both locally and internationally. 'This campaign provides a platform to showcase the quality of local products as the preferred choice, thus reducing dependence on imported goods,' he said. He said that KPDN also recorded a sales value of more than RM347 million through KBBM in 2023 and 2024, involving almost 700,000 Stock Keeping Units (SKUs) through three major e-commerce platforms, namely TikTok, Shopee and Lazada.
New Straits Times
10 hours ago
- Business
- New Straits Times
Johor expected to be first state to extend use of eCOSS system
ISKANDAR PUTERI: Johor is expected to be the first state to extend the use of the Cooking Oil Price Stabilisation Scheme (eCOSS) to the end user level, allowing every transaction involving subsidised packet cooking oil to be recorded digitally to curb leakages. Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali said the phased implementation of the scheme is intended to ensure the system's stability and public acceptance before it is rolled out statewide. "We need to pilot the eCOSS system at the consumer level first. "Johor is expected to be the first state to implement it following test runs conducted through the Jualan Rahmah programme over the past three to four months," he said. Armizan said that consumers would be required to download the eCOSS application and scan a QR code each time they purchase a packet cooking oil. For now, the policy remains that only Malaysian citizens are allowed to buy subsidised cooking oil, he told a press conference after opening the southern zone 'Jelajah Karnival KPDN 2025' and the launch of the Buy Malaysian Goods Campaign (KBBM) at the Puteri Harbour Convention centre here today. He said the move to extend the use of eCOSS is not aimed at reducing cooking oil subsidies, but rather as a transparent and targeted control mechanism. "The subsidy is not reduced. But through this system, we have clear records - the number of boxes retailers received, who bought them, and how many were sold. "However, we will not rush (into implementing it in Johor). "Our focus is to ensure the system is truly stable and accepted by the people before it is expanded comprehensively," he said. He said the current system only records distribution from the repackers to retailers. He said that implementing the system up to the consumer level is important, given that the ministry only has about 2,000 enforcement officers to monitor tens of thousands of retailers nationwide. "The eCOSS system will also verify the identity of users through the e-KYC process using MyKad, to ensure that only citizens are eligible to receive subsidies (to buy cooking oil)," he said. Also present were deputy minister Datuk Dr Fuziah Salleh, Johor Menteri Besar Datuk Onn Hafiz Ghazi and state Investment, Trade, Consumer Affairs and Human Resources Committee chairman Lee Ting Han. – Bernama
Barnama
11 hours ago
- Business
- Barnama
Johor Expected To Be First State To Extend Use Of eCOSS System
ISKANDAR PUTERI, June 27 (Bernama) -- Johor is expected to be the first state to extend the use of the Cooking Oil Price Stabilisation Scheme (eCOSS) to the end user level, allowing every transaction involving subsidised packet cooking oil to be recorded digitally to curb leakages. Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali said the phased implementation of the scheme is intended to ensure the system's stability and public acceptance before it is rolled out statewide. 'We need to pilot the eCOSS system at the consumer level first. Johor is expected to be the first state to implement it following test runs conducted through the Jualan Rahmah programme over the past three to four months,' he said. Armizan explained that consumers would be required to download the eCOSS application and scan a QR code each time they purchase a packet cooking oil. For now, the policy remains that only Malaysian citizens are allowed to buy subsidised cooking oil, he told a press conference after opening the southern zone 'Jelajah Karnival KPDN 2025' and the launch of the Buy Malaysian Goods Campaign (KBBM) at the Puteri Harbour Convention centre here today. He said the move to extend the use of eCOSS is not aimed at reducing cooking oil subsidies, but rather as a transparent and targeted control mechanism. 'The subsidy is not reduced. But through this system, we have clear records - the number of boxes retailers received, who bought them, and how many were sold. However, we will not rush (into implementing it in Johor). 'Our focus is to ensure the system is truly stable and accepted by the people before it is expanded comprehensively,' he said. According to him, the current system only records distribution from the repackers to retailers.
The Sun
11 hours ago
- Business
- The Sun
Johor expected to be first state to extend use of eCOSS system
ISKANDAR PUTERI: Johor is expected to be the first state to extend the use of the Cooking Oil Price Stabilisation Scheme (eCOSS) to the end user level, allowing every transaction involving subsidised packet cooking oil to be recorded digitally to curb leakages. Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali said the phased implementation of the scheme is intended to ensure the system's stability and public acceptance before it is rolled out statewide. 'We need to pilot the eCOSS system at the consumer level first. Johor is expected to be the first state to implement it following test runs conducted through the Jualan Rahmah programme over the past three to four months,' he said. Armizan explained that consumers would be required to download the eCOSS application and scan a QR code each time they purchase a packet cooking oil. For now, the policy remains that only Malaysian citizens are allowed to buy subsidised cooking oil, he told a press conference after opening the southern zone 'Jelajah Karnival KPDN 2025' and the launch of the Buy Malaysian Goods Campaign (KBBM) at the Puteri Harbour Convention centre here today. He said the move to extend the use of eCOSS is not aimed at reducing cooking oil subsidies, but rather as a transparent and targeted control mechanism. 'The subsidy is not reduced. But through this system, we have clear records - the number of boxes retailers received, who bought them, and how many were sold. However, we will not rush (into implementing it in Johor). 'Our focus is to ensure the system is truly stable and accepted by the people before it is expanded comprehensively,' he said. According to him, the current system only records distribution from the repackers to retailers. He said that implementing the system up to the consumer level is important, given that the ministry only has about 2,000 enforcement officers to monitor tens of thousands of retailers nationwide. 'The eCOSS system will also verify the identity of users through the e-KYC process using MyKad, to ensure that only citizens are eligible to receive subsidies (to buy cooking oil),' he added. Also present were Deputy Minister of KPDN Datuk Dr Fuziah Salleh, Johor Menteri Besar Datuk Onn Hafiz Ghazi and state Investment, Trade, Consumer Affairs and Human Resources Committee chairman Lee Ting Han.
