GMB MALAYSIA TO MEET YOUNG ENTREPRENEURS

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KUALA LUMPUR, May 8 (Bernama) -- An organisation called GMB Malaysia will

embark on a nationwide tour to seek feedback from young entrepreneurs on

problems faced in developing their capacity.

GMB Malaysia President Agil Faisal Ahmad Fadzil said that through the "Young

Meet Young" programme, brainstorming sessions would be held with young

entrepreneurs of all races to identify problems they were facing.

"Preliminary feedbacks show that most problems relate to the difficulty in

obtaining capital to expand business as well to market and develop a product,"

he told Bernama today.

He said most young entreperneurs found it hard to obtain bank loans because

they did not have experience particularly in preparing a business proposal when

applying a loan.

They also did not make use of funds provided by the government for small and

medium-scale entrepreneurs through various institutions such as Bank Simpanan

Nasional and the special fund that was created to help youths, he said.

Agil Faizal said that during the sessions, the young entrepreneurs would be

brought to see various agencies that could assist them such as in obtaining

capital and advice on how to market a product as well as carry out R&D.

"This is important to prepare them before they can go to the international

market by participating in investment missions organised by various government

agencies," he said.

The "Young meet Young" programme will start in Kuantan, Pahang, this week

before going to Selangor, Terengganu, Kelantan, Perlis and other states

including Sabah and Sarawak.

-- BERNAMA

AKT JR

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