Latest news with #SKMS
Borneo Post
23-04-2025
- Business
- Borneo Post
SEDCC reaffirms commitment to support Sarawak entrepreneurs
Awang Tengah (centre) witnesses the handover of an additional RM5 million to Agrobank for the implementation of the SKMS for 2025 during the meeting. KUCHING (April 24): The Sarawak Entrepreneur Development Coordination Committee (SEDCC) held its first meeting of the year yesterday, reaffirming the state's commitment to enhancing its entrepreneurial landscape. According to the Ministry of International Trade, Industry, and Investment Sarawak (Mintred), the strategic platform brought together over 80 representatives from 45 federal and 38 state agencies involved in the implementation of entrepreneurship development programmes across Sarawak. 'The committee, with Mintred as its secretariat, aims to refine policies and coordinate the execution of various initiatives supporting local entrepreneurs. 'One of the highlights of the meeting was the ceremonial handing over of an additional RM5 million to Agrobank for the implementation of the Sarawak Micro Credit Scheme (SKMS) for 2025. 'The handover was witnessed by Deputy Premier Datuk Amar Awang Tengah Ali Hasan — who is also Minister for Natural Resources and Urban Development II and Minister for International Trade, Industry and Investment. 'Meanwhile, Mintred permanent secretary Dzulkornain Masron presented the funds to Agrobank regional director for Sarawak Abdul Halek Abdullah,' it said in a press statement yesterday. From 2021 through the first quarter of 2025, it added that the Sarawak government, through Mintred, has supported over 45,500 entrepreneurs with assistance amounting to RM199.49 million. This support came via various programmes such as the Small and Medium Industry Loan Scheme (SPIKS); SKMS; Graduates Towards Entrepreneurship (GERAK); Technical and Vocational Entrepreneurs (USTEV); Go Digital; and several basic, technical, and digital entrepreneurship initiatives, along with promotional efforts at national and international expos. Awang Tengah, in the same statement, highlighted the role of Entrepreneur Database System (Enbase), a centralised digital platform, in enabling data-driven policy planning and monitoring. 'Enbase will allow us to deliver specialised programmes—financial assistance, capacity building, and product promotion—more effectively to the right target groups, including rural entrepreneurs,' he said. He also encouraged Sarawak's entrepreneurs to embrace the best practices, adopt cutting-edge technologies, and align with Environmental, Social and Governance (ESG) principles to boost business productivity and competitiveness. It was also revealed that beyond Mintred, agencies such as SME Corp Malaysia, SME Bank, Mara, Tekun, SKM, Tegas, SDEC, and STIDC have extended assistance to over 177,000 Sarawakian entrepreneurs, amounting to RM2.6 billion in aid. Among the officials present during the meeting were Deputy Minister of Youth, Sports, and Entrepreneur Development Datuk Dr Ripin Lamat; Mintred advisor Dato Sri Mohd Naroden Majais; and senior officials from various federal and state agencies.
Korea Herald
02-04-2025
- Business
- Korea Herald
SK digitally revives legacy of late chair
SK Group announced Wednesday that it has completed a two-year digital archiving project to restore and preserve the legacy of the late Chairman Chey Jong-hyun, a pivotal figure in South Korea's economic development from the 1970s through the 1990s. Dubbed the 'Sunkyong Chronicles,' the extensive archive includes 3,530 voice recordings of Chey and has been digitized for the first time, according to the SK Supex Council. The collection is expected to serve as a valuable resource for understanding the evolution of Korea's modern corporate and economic history. SK said Chey frequently recorded company reports, internal discussions, employee conversations and key meetings. His comments and leadership philosophy, captured throughout the archive, underscore his efforts to shape SK's management direction and elevate corporate governance standards in Korea. In a talk with new employees in 1982, Chey remarked, 'Even in a big country like the US, foreigners are hired for their talent. In a small country like Korea, forming factions based on region, school ties or social cliques is unacceptable.' In a 1992 meeting with executives from SKC, he stated, 'A floppy disk sells for one dollar, but once you put software in it, its value increases 20-fold,' stressing the need for Korea to move beyond hardware and focus on high-value industries. The archive also chronicles key moments in the formation of SK's unique management philosophy, the SK Management System (SKMS) — including decision-making processes, leadership interactions and dialogues with international business figures. The restored archive comprises approximately 17,620 items, including 5,300 audio and video files, 3,500 documents and 4,800 photographs. Altogether, these amount to 131,647 individual units. The 3,530 audio tapes of Chey's recordings alone amount to over a year's worth of continuous listening at eight hours per day, the company said. 'The late chairman's management records are treasure troves reflecting the thoughts and struggles of entrepreneurs who drove Korea's economic growth,' said an SK official. 'The volume and age of the materials made the project particularly challenging, but new technologies enabled us to restore and preserve their quality.' SK said it plans to use the digital archive to promote its core values and the SKMS philosophy across the group. The project was launched in 2023, following the publication of the '70th Anniversary Quotes Collection' that same year.
