{"id":1575,"date":"2020-05-04T09:51:41","date_gmt":"2020-05-04T01:51:41","guid":{"rendered":"http:\/\/faradalemedia.com\/?p=1575"},"modified":"2020-05-04T09:51:41","modified_gmt":"2020-05-04T01:51:41","slug":"post-covid-19-recovery-plan-by-medac","status":"publish","type":"post","link":"https:\/\/www.rakansarawak.com\/v3\/2020\/05\/04\/post-covid-19-recovery-plan-by-medac\/","title":{"rendered":"Post Covid-19 Recovery Plan by MEDAC"},"content":{"rendered":"<p><a href=\"http:\/\/faradalemedia.com\/v2\/wp-content\/uploads\/2020\/05\/art-01.jpg\"><img decoding=\"async\" class=\"aligncenter size-large wp-image-1576\" src=\"http:\/\/faradalemedia.com\/v2\/wp-content\/uploads\/2020\/05\/art-01-640x640.jpg\" alt=\"art-01\" \/><\/a><\/p>\n<p><em>The post Covid-19 recovery plan would be implemented in two phases; May to December 2020 (Phase 1) and January to May 2021 (Phase 2)<\/em><\/p>\n<p style=\"text-align: justify;\">The Entrepreneur Development and Cooperatives Ministry\u00a0(MEDAC) has introduced a post-Covid-19 recovery plan to ensure sustainability and recovery of entrepreneurs and businesses.<\/p>\n<p style=\"text-align: justify;\">About RM372.847 million has been allocated for the recovery plan which would be implemented in two phases; May to December 2020 (Phase 1) and January to May 2021 (Phase 2).<\/p>\n<p style=\"text-align: justify;\">Its minister, YB Datuk Seri Wan Junaidi Tuanku Jaafar said that Malaysia had\u00a0nearly 907,000 micro, small and medium enterprises (MSMEs), and they must brace themselves\u00a0for a different business scenario, especially following\u00a0the end of the Movement Control Order (MCO) period.<\/p>\n<p style=\"text-align: justify;\">Under the recovery plan, six strategies comprising 30 initiatives had been drafted for various identified target groups.<\/p>\n<p style=\"text-align: justify;\">These strategies include raising the people\u2019s confidence (targeted at entrepreneurs and the public),\u00a0strengthening\u00a0capabilities and capacities (aimed at micro enterprises, cooperatives, and startups by graduates and youths), boosting financing access\u00a0and assistance (for MSMEs, informal sector and cooperatives), and increasing usage of technology (for MSMEs and cooperatives).<\/p>\n<p style=\"text-align: justify;\">Other strategies are market opening and expansion,\u00a0and effective service\u00a0delivery\u00a0(both targeted at MSMEs, informal sector and startups).<\/p>\n<div style='text-align:center' class='yasr-auto-insert-visitor'><!--Yasr Visitor Votes Shortcode--><div id='yasr_visitor_votes_644d89c465d41' class='yasr-visitor-votes'><div class=\"yasr-custom-text-vv-before yasr-custom-text-vv-before-1575\">Click to rate this post!<\/div><div id='yasr-vv-second-row-container-644d89c465d41'\r\n                                        class='yasr-vv-second-row-container'><div id='yasr-visitor-votes-rater-644d89c465d41'\r\n                                      class='yasr-rater-stars-vv'\r\n                                      data-rater-postid='1575'\r\n                                      data-rating='0'\r\n                                      data-rater-starsize='16'\r\n                                      data-rater-readonly='true'\r\n                                      data-rater-nonce='080b15927d'\r\n                                      data-issingular='false'\r\n                                    ><\/div><div class=\"yasr-vv-stats-text-container\" id=\"yasr-vv-stats-text-container-644d89c465d41\"><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" width=\"20\" height=\"20\"\r\n                                   class=\"yasr-dashicons-visitor-stats\"\r\n                                   data-postid=\"1575\"\r\n                                   id=\"yasr-stats-dashicon-644d89c465d41\">\r\n                                   <path d=\"M18 18v-16h-4v16h4zM12 18v-11h-4v11h4zM6 18v-8h-4v8h4z\"><\/path>\r\n                               <\/svg><span id=\"yasr-vv-text-container-644d89c465d41\" class=\"yasr-vv-text-container\">[Total: <span id=\"yasr-vv-votes-number-container-644d89c465d41\">0<\/span>  Average: <span id=\"yasr-vv-average-container-644d89c465d41\">0<\/span>]<\/span><\/div><div id='yasr-vv-loader-644d89c465d41' class='yasr-vv-container-loader'><\/div><\/div><div id='yasr-vv-bottom-container-644d89c465d41' class='yasr-vv-bottom-container'><div class='yasr-small-block-bold'><span class='yasr-visitor-votes-must-sign-in'>You must sign in to vote<\/span><\/div><\/div><\/div><!--End Yasr Visitor Votes Shortcode--><\/div>","protected":false},"excerpt":{"rendered":"<p>The post Covid-19 recovery plan would be implemented in two phases; May to December 2020 (Phase 1) and January to May 2021 (Phase 2) The Entrepreneur Development and Cooperatives Ministry\u00a0(MEDAC) has introduced a post-Covid-19 recovery plan to ensure sustainability and recovery of entrepreneurs and businesses. About RM372.847 million has been allocated for the recovery plan [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"categories":[2582],"tags":[440,611,2690],"class_list":{"0":"post-1575","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-news-and-events","7":"tag-covid-19","8":"tag-entrepreneur","9":"tag-entrepreneur-development-and-cooperatives-ministry-medac"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Post Covid-19 Recovery Plan by MEDAC - RAKAN Sarawak<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rakansarawak.com\/v3\/2020\/05\/04\/post-covid-19-recovery-plan-by-medac\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Post Covid-19 Recovery Plan by MEDAC - RAKAN Sarawak\" \/>\n<meta property=\"og:description\" content=\"The post Covid-19 recovery plan would be implemented in two phases; May to December 2020 (Phase 1) and January to May 2021 (Phase 2) The Entrepreneur Development and Cooperatives Ministry\u00a0(MEDAC) has introduced a post-Covid-19 recovery plan to ensure sustainability and recovery of entrepreneurs and businesses. 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