• Advertise
Subscribe
Smart Investor Malaysia
Advertisement
  • Start Here
    • Guides
    • How-Tos
    • Analysis
  • Investments
    • Asset Management
    • Stocks
    • Islamic Finance
      • Islamic Personal Finance
    • Alternative Investments
  • Personal Finance
    • Cash Management
    • Grow Your Wealth
    • Protect Your Wealth
    • Distribute Your Wealth
    • Behavioural Finance
  • Enterprise
    • Startups
    • Entrepreneurs
    • SMEs
    • Leadership
    • Business Planning
    • Fintech
  • Property
    • First Time Home Buyers
    • Central
    • Northern
    • Southern
    • Sabah & Sarawak
    • Feature
    • Regional / Global
  • ESG
  • News & Events
  • What’s News Asia
No Result
View All Result
  • Start Here
    • Guides
    • How-Tos
    • Analysis
  • Investments
    • Asset Management
    • Stocks
    • Islamic Finance
      • Islamic Personal Finance
    • Alternative Investments
  • Personal Finance
    • Cash Management
    • Grow Your Wealth
    • Protect Your Wealth
    • Distribute Your Wealth
    • Behavioural Finance
  • Enterprise
    • Startups
    • Entrepreneurs
    • SMEs
    • Leadership
    • Business Planning
    • Fintech
  • Property
    • First Time Home Buyers
    • Central
    • Northern
    • Southern
    • Sabah & Sarawak
    • Feature
    • Regional / Global
  • ESG
  • News & Events
  • What’s News Asia
No Result
View All Result
Smart Investor Malaysia
No Result
View All Result
Advertise with Smart Investor Advertise with Smart Investor Advertise with Smart Investor
Home Enterprise

MDDA Celebrates 30 Years of Industry Excellence

3 years ago
0
181
SHARES
354
VIEWS
Share on FacebookShare on Twitter

The Malaysian Direct Distribution Association (MDDA) marked its 30th anniversary recently with a gala dinner held at EQ Hotel, Kuala Lumpur. Datuk Azman Mohd Yusof, Secretary General from the Ministry of Domestic Trade and Cost of Living (KPDN) kicked off the event with opening remarks and the gala dinner was attended by leading industry players and delegates from Direct Distribution Associations regionally.

In his opening speech, Datuk Azman Mohd Yusof congratulated MDDA on their milestone and lauded the association for its various achievements throughout the years.

“MDDA holds a crucial position in Malaysia’s direct selling industry, playing a vital role in its growth and development,” said Datuk Azman.

He added that through extensive training programs and knowledge-sharing platforms, MDDA has empowered individuals and businesses, fostered innovation and improved the skills of many direct selling industry players.

MDDA’S commitment to professionalism, adherence to high standards, and efforts in promoting ethical practices and transparency has elevated the industry’s reputation. Even amidst the challenges of the COVID-19 pandemic, the direct selling industry in Malaysia has shown resilience, he said.

According to Dato Sri Dr. Barani Karunakaran, President of MDDA, the association has embarked on a determined course to become the top direct selling association in the country, setting its sights on solidifying Malaysia’s position on the global stage of the direct selling industry.

He said that MDDA’s ambitious plan aligns with the surge of revenue from the direct selling industry in Malaysia valued at RM25 billion in 2020 to RM27 billion in 2021, signalling a strategic shift toward this growing business model globally. The initiative is expected to generate substantial economic benefits, increase the country’s Gross Domestic Product (GDP), promote entrepreneurial growth, and create significant regional job opportunities.

Since its establishment in 1993, MDDA has grown to include 105 member companies, fostering a close relationship with KPDN in addressing industry challenges. The association has been actively amending the Direct Sales and Anti-Pyramid Scheme Act 1993 and resolving unauthorised selling and price markdowns on third-party platforms. MDDA is also continuously working together with KPDN enforcement team on eradicating issues in the Direct Selling Industry like the get-rich-quick schemes, money games and pyramid schemes by educating the public through its series of MDDA Straight Talk in Malay, English and Mandarin. Panels including industry leaders, KPDN officials and Royal Malaysia Police (RMP).

The event also saw the signing of the Regional Association Memorandum of Understanding (MoU) between MDDA, AP2LI Indonesia, and FDSA India. The MoU signifies a collaborative effort to strengthen the direct selling industry across the region. Dato Sri Dr. Barani Karunakaran, MDDA President, Mr. Andrew Susanto (AP2LI), and Mr. A P Reddy (FDSA) represented their respective organisations during the signing ceremony. The memorandum of understanding (MoU) will assist all MDDA members in expanding their markets globally and promoting Malaysian products in the global market.

In addition, MDDA presented the MDDA Intrapreneur Program, endorsed by the Direct Selling Unit of KPDN. The program aims to enhance professionalism in the direct selling sector and is claimable under the Human Resources Development Fund (HRDF). Certificates were handed over to 20 recipients, acknowledging their participation in the program.

The gala dinner included the presentation of various awards, honouring companies that have demonstrated excellence, innovation, and social responsibility. Among the winners were Meganet4U Sdn Bhd, ShoppyMore Global Sdn Bhd, GMJ Konsortium Sdn Bhd, VKids Trend Sdn Bhd, Destina 1 International Sdn Bhd, M-Plan Sdn Bhd, Melilea (M) Sdn Bhd, Asia MLM Solutions Sdn Bhd, Bio-Science Marketing Sdn Bhd, Jeunesse Global Sdn Bhd, Netturul Resources Sdn Bhd, Era Edar Marketing Sdn Bhd and RCC Worldwide (M) Sdn. Bhd.

The MDDA 30th Anniversary Gala Dinner provided an ideal platform to honour achievements, strengthen industry alliances, and set the stage for a promising future in the direct selling sector. As MDDA continues to champion professionalism and excellence, the industry can anticipate even greater advancements in the years ahead.

Previous Post

DNA Mapping, A Revolutionary Medical Breakthrough

Next Post

Over 4,000 Allianz Goods Carrying Vehicle Policyholders Benefit from Allianz Truck Warrior Roadside Assistance

Next Post

Over 4,000 Allianz Goods Carrying Vehicle Policyholders Benefit from Allianz Truck Warrior Roadside Assistance

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

Robo Advisor In Malaysia, 8 Robo Advisor Platforms To Choose From

17/08/2022
A calculator on financial chart, financial concept

Tax For The 6 Common Investments In Malaysia

19/09/2023

MRTT VS MRTA, What’s The Difference?

11/10/2023

How To Open A CDS And Share Trading Account?

02/05/2023

Digital Fundraising Platforms in Malaysia

Retirement Plans for the Self-Employed

SC Guidelines On Digital Assets

Retirement planning advise from the experts

Retirement Planning: Best Practices and Advice From Experts

亞洲國際娛樂展與亞洲綜合度假休閒產業博覽會 2026 今日於澳門隆重開幕: 業界領袖齊聚探索博彩、娛樂及綜合度假村數位創新機遇

12/05/2026

G2E Asia + Asian IR Expo 2026 Opens Today: Industry Leaders Gather in Macau to Unlock Digital Innovation for Gaming, Entertainment and Integrated Resorts

12/05/2026

「澳門銀河」正式启动高尔夫球大使计划 委任国际级高球精英 创”文体旅游”新篇章

12/05/2026

「澳門銀河」正式啓動高爾夫球大使計劃 委任國際級高球精英 開創「文體旅」新篇章

12/05/2026

亞洲國際娛樂展與亞洲綜合度假休閒產業博覽會 2026 今日於澳門隆重開幕: 業界領袖齊聚探索博彩、娛樂及綜合度假村數位創新機遇

12 hours ago

G2E Asia + Asian IR Expo 2026 Opens Today: Industry Leaders Gather in Macau to Unlock Digital Innovation for Gaming, Entertainment and Integrated Resorts

12 hours ago

「澳門銀河」正式启动高尔夫球大使计划 委任国际级高球精英 创”文体旅游”新篇章

15 hours ago

「澳門銀河」正式啓動高爾夫球大使計劃 委任國際級高球精英 開創「文體旅」新篇章

15 hours ago
The Smart Investor

© 2024 The SmartInvestor Malaysia | The contents on this website are for educational purposes only. You should always seek your own professional advice from the appropriate financial advisor or institution.

Category

Sign up to read our newsletter

    © 2024 The SmartInvestor Malaysia | The contents on this website are for educational purposes only. You should always seek your own professional advice from the appropriate financial advisor or institution.

    No Result
    View All Result
    • Start Here
      • Guides
      • How-Tos
      • Analysis
    • Investments
      • Asset Management
      • Stocks
      • Islamic Finance
        • Islamic Personal Finance
      • Alternative Investments
    • Personal Finance
      • Cash Management
      • Grow Your Wealth
      • Protect Your Wealth
      • Distribute Your Wealth
      • Behavioural Finance
    • Enterprise
      • Startups
      • Entrepreneurs
      • SMEs
      • Leadership
      • Business Planning
      • Fintech
    • Property
      • First Time Home Buyers
      • Central
      • Northern
      • Southern
      • Sabah & Sarawak
      • Feature
      • Regional / Global
    • ESG
    • News & Events
    • What’s News Asia

    © 2024 The SmartInvestor Malaysia | The contents on this website are for educational purposes only. You should always seek your own professional advice from the appropriate financial advisor or institution.