PETALING JAYA: As part of the Government's efforts to strengthen the cooperatives movement, the Entrepreneur Development ministry has been renamed as the Entrepreneur Development and Cooperatives Ministry.
According to the ministry, the decision was made following a Cabinet meeting on Wednesday (Jan 22).
"In line with the Government's initiative to strengthen the cooperative movement, the Cabinet meeting on Jan 22 agreed that the Entrepreneur Development ministry to be renamed as the Entrepreneur Development and Cooperatives Ministry," it said.
The announcement was made by the Entrepreneur Development and Cooperatives Ministry in a statement on Wednesday (Jan 22).
Previously, Entrepreneur Development and Cooperatives Minister Datuk Seri Mohd Redzuan Yusof said the name change was important following feedback from the cooperative movements, which had played an important role in the country's economy.
Redzuan was also quoted as saying that the request for a rebranding was made by some 6.1 million members from 14,237 cooperatives across the country.