KUSKOP, QSB Can Work Together To Develop SMEs In Sabah - Ewon

KOTA KINABALU, Nov 14 (Bernama) -- The Ministry of Entrepreneur and Cooperatives Development (KUSKOP) and Qhazanah Sabah Bhd (QSB) have the potential to work together to foster the development of small and medium enterprises (SMEs) in Sabah.

Its minister Datuk Ewon Benedick said that to realise this aspiration, QSB, the investment arm of the Sabah state government, is urged to become a vendor company registered with KUSKOP. 

"The vendor development programme (PPV) opens up opportunities for vendors registered with anchor companies to obtain guidance in terms of training, technical and advisory services as well as increased productivity," he said this in a statement after visiting the company at Menara Kinabalu here today.

Also present during the visit were QSB chairman Datuk Dr Yusof Yacob, SME Corporation Malaysia (SME Corp) chairman Tan Sri Bernard Dompok and Sabah SME Corp director Valentine Thomas. 

During the visit, Ewon was also briefed on the SME investment partner (SIP) programme implemented by QSB’s unit, Qhazanah Investment Sdn Bhd, with support funds from SME Corp, an agency of KUSKOP.

“I am very pleased with the outstanding achievement of Qhazanah Investment, which ensured that SIP funds were invested in national SME companies that currently have provided a return on investment,” he said. 

Incorporated on Apr 6, 1995, QSB is involved in several economic sectors, including port management and services, telecommunications, motor vehicle ownership and transport-related services, energy, real estate development and ownership, sterilisation, and medical service provision. 

-- BERNAMA