Ministry to set up institute for retailers

  • Nation
  • Tuesday, 18 Feb 2003

JOHOR BARU: The Domestic Trade and Consumer Affairs Ministry will set up an institute to guide retailers in the globalised era. 

Minister Tan Sri Muhyiddin Yassin said the institute would provide training and information on aspects such as systematic keeping of accounts and stock records. 

He said the institute was needed to encourage more businesses, especially those owned by bumiputras, to venture into retailing to create a healthy competition. 

He said statistics showed that only 18.3% of retail businesses were owned by bumiputras compared to 59.5% by non-bumiputras. 

“We will give professional advice on how to manage retail business as many retailers, especially bumiputras, fail to keep systematic records, such as improper account transactions. 

“This prevented them from carrying out proper transactions which will defeat the purpose of Government’s effort to encourage their participation in the sector,” he told reporters after the opening of the Halal Food Campaign organised by the Johor Malay Chamber of Commerce, Johor Bumiputra Consumers Association and Bank Islam Malaysia Berhad.  

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Next In Nation

Govt urged to work strategically to protect victims of domestic violence, sexual assault
Azri Ahmad appointed acting director at Bukit Aman
No extraordinary congestion on highways during Hari Raya, say cops
MPI’s press night postponed due to MCO 3.0
Parit Raja riot: Seven more arrested, bringing total to 27
Famous Penang laksa stall in Ayer Itam to close due to MCO
Covid-19 infections force Negri Sembilan water concessionaire to close HQ
MCO: DAP seeks to postpone its national congress
Hawker still paying an unfair price despite settling loan shark debts
Malls are safe places, don't punish us for other people's actions, say retail associations

Stories You'll Enjoy