PETALING JAYA: The Entrepreneur Development Ministry has been renamed as the Entrepreneur Development and Cooperatives Ministry as part of the government’s efforts to strengthen the cooperatives movement.
According to the ministry, the decision was made following a Cabinet meeting yesterday.
“In line with the government’s initiative to strengthen the cooperative movement, the Cabinet meeting on Jan 22 has agreed that the Entrepreneur Development Ministry will be renamed as the Entrepreneur Development and Cooperatives Ministry, ” it said in a statement.
Previously, Entrepreneur Development and Cooperatives Minister Datuk Seri Mohd Redzuan Yusof said the name change was important following feedback from the cooperative movements, as they 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 of the 6.1 million cooperatives members under 14,237 cooperatives across the country.