Ministry of Entrepreneurship Development to postpone implementation of development projects, Minister says

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Minister of Entrepreneurship and Cooperative Development Tan Sri Noh Omar (right) chats with table tennis athletes from Selangor at the inauguration of Selangor state level program of Malaysia Sports League (MSL 2022) in Section 14 Shah Alam, 16 July 2022. — Bernama pic

Saturday, July 16, 2022 6:06 PM MYT

SHAH ALAM, July 16 – The Ministry of Entrepreneurship Development and Co-operatives (MEDAC) will implement development projects as part of its cost saving measures in line with the Malaysia Treasury Circular – Guidelines on Public Expenditure Savings issued by the Ministry of Finance.

However, his minister, Tan Sri Noh Omar, said the entrepreneurship development programs would continue as they are part of MEDAC’s main agenda to help the group recover in the current economic climate.

“MEDAC is one of the ministries that gets a small allocation because we don’t have many development programs. We use the existing agencies (under MEDAC) to help entrepreneurs.

“…the ministry will spend the allocation provided to help them (entrepreneurs),” he said after topping the state-level Malaysia Sports League (MSL) 2022 program here today.

He commented on a local media report yesterday that all departments, agencies, agencies, federal bodies and the limited liability company (CLBG) have been ordered to implement internal austerity measures by optimizing their spending so that it can be used for the welfare of the be people.

The directive, signed by Treasury Secretary-General Datuk Seri Asri Hamidon, went into effect last Wednesday. — Bernama

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