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Make use of special financing for entrepreneurs in sports industry
Published on: Monday, June 10, 2024
By: GL Oh
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Make use of special financing for entrepreneurs in sports industry
Ewon (third right) and Phoong (third left) at the inauguration on Sunday.
Kota Kinabalu: Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick called on entrepreneurs in the sports industry to take advantage of the special financing under the Sports Industry Financing Scheme (SPIS) implemented by Bank Rakyat.

He said the scheme is an initiative of the Madani Budget 2024, and Bank Rakyat, an agency under the Ministry of Entrepreneurship and Cooperative Development (Kuskop) has been appointed as the implementing agency.

“It is aimed to help entrepreneurs in the sports industry in terms of working capital to succeed and grow their businesses.

“Therefore, I hope that with the existence of SPIS, it will open up more opportunities for those who want to engage in the sports industry or develop existing businesses in this sector,” he said.

The Member of Parliament for Penampang stated this while inaugurating Kyro Fitness, the latest gym centre to be established in Penampang, Sunday.

He congratulated managing director Jason Tham for the opening not only to provide services towards a healthy lifestyle among the people around the Penampang district, but also job opportunities for the locals.

Meanwhile, Jason Tham said the centre which opened four months ago now has a membership of over 400 people.

Also present were Sabah Industrial Development and Entrepreneurship Minister Datuk Phoong Jin Zhe and Penampang District Council deputy chairman Chong Fit Pah.

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