Friday March 31, 2006
Healthy competition and fair trade
Training programmes on modern retail and wholesale businesses will be made easy to bumiputra entrepreneurs.
THE distributive trade sector is slated for major changes including the introduction of a new law and specialised database systems under the 9MP.
The sector, which involves distribution of goods through retail and wholesale, is expected to grow at a rate of 6.8% per annum under the Plan.
Several elements of distributive trade have been identified under the Plan, revolving around enhancing the regulatory framework, strengthening modes of distribution, accelerating e-commerce growth, increasing bumiputra participation and consumer education.
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Training programmes on modern retail and wholesale businesses will be made easy to bumiputra entrepreneurs |
Aimed at encouraging healthy competition and fair trade, the FTPL is to be implemented in stages and given institutional support from the Fair Trade Practices Office, Fair Trade Practices Commission and Fair Trade Practices Appeal Tribunal.
A Malaysian Competition Network will also be formed by the public and private sector agencies to discuss formulation of strategies under the FTPL.
The Direct Sales Act 1993 will also be reviewed to address changes in the industry. Also, 100 new bumiputra direct selling companies will be targeted for development.
For franchising, emphasis will be placed on identifying and promoting franchises that require a relatively lower capital base and an integrated database will be established for better cooperation with domestic and foreign entrepreneurs.
Small and medium enterprises can look forward to development of supporting infrastructures and assistance to operate in up-market shopping complexes and popular tourist destinations.
Traditional enterprises will benefit from more locations to set up their business and importance placed on improving access to facilities to help in promoting self-employment.
Awareness on the commercial benefits of intellectual property rights (IPR) protection will be promoted.
The e-commerce front is expected to grow at an average annual rate of 27% to reach RM155bil in 2010.
The Electronic Transaction Bill, Electronic Government Activities Bill and Data Protection Bill, will be enacted to increase public confidence in e-commerce and reduce online fraud.
At the bumiputra entrepreneurial sector, the Prosper programme, established to develop an entrepreneurial culture among bumiputras, will create 1,250 new entrepreneurs.
Also, focused training programmes related to management of modern retail and wholesale business will be provided for bumiputra entrepreneurs..
Among others, arts and crafts industries will be further modernised and upgraded to include research and design activities.
The Consumer Protection Act 1999 will also be revised to cover areas such as e-commerce, health and risk assessment of products and services.
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