• About
  • Advertise
  • Write For Us
  • Privacy Policy
  • Contact Us
Subscribe
Smart Investor Malaysia
Advertisement
  • Start Here
    • All
    • Guides
    • How-Tos
    • Analysis

    What You Need To Know About The Insurance Industry In Malaysia

    PropertyGuru: Malaysian Residential Property Market Continues To Face Challenges As Supply And Demand Declines

    Fed Turns The Tide In War On Inflation, But It’s Too Early To Declare Victory

    MRTT VS MRTA, What’s The Difference?

    The Smart Investor’s Guide to Insurance

    Highlights: Malaysia’s Revised Budget 2023

    4 Reasons Why You Need To Invest In ETF

    SPY vs SPUS: A 2023 Comparison of S&P 500 ETFs

    7 Tips For First-Time Home Buyers

    • Guides
    • How-Tos
    • Analysis
  • Investments
    • All
    • Asset Management
    • Stocks
    • Islamic Finance
    • Alternative Investments

    Investment Strategies for a Rosy Portfolio

    Evaluating Bitcoin as a Store of Value in 2024

    Uncovering Asset Gems: 2024 Morningstar Awards for Investing Excellence – Malaysia

    Invest Johor’s Vision Unveiled

    The Rise of The Ibu Boss

    Invest Johor’s Vision Unveiled

    Malaysia’s dance with FAANG Giants

    ICMR Research Series: Taking a Dual and Systematic Approach to Address Investor Vulnerability in Malaysia

    AIIMAN menjalin pakatan strategik dengan Bank Islam sebagai Rakan Pengedar Untuk Luaskan Capaian Kepada Produk Kekayaan Syariah

    • Asset Management
    • Stocks
    • Islamic Finance
    • Alternative Investments
  • Personal Finance
    • All
    • Cash Management
    • Grow Your Wealth
    • Protect Your Wealth
    • Distribute Your Wealth
    • Behavioural Finance

    Steering The Malaysia’s ESG Landscape

    Securing Your Legacy

    Personal Finance In The Cyber Age

    Protecting Your Welfare and Financial Interests in The Face of Mental Incapacity

    The Far-Reaching Impact of Inflation

    Trust In Transition: Ensuring Legacy Security Amidst Blended Family Dynamics

    ICMR Research Series: Taking a Dual and Systematic Approach to Address Investor Vulnerability in Malaysia

    Property Tussle: Being Left Homeless After Sister’s Death

    Employment Opportunity Fraud Syndicate: Lidt Cooperation Advertising Sdn Bhd Or Lidl Cooperation Advertising Sdn Bhd

    • Cash Management
    • Grow Your Wealth
    • Protect Your Wealth
    • Distribute Your Wealth
    • Behavioural Finance
  • Enterprise
    • All
    • Startups
    • Entrepreneurs
    • SMEs
    • Leadership
    • Business Planning
    • Fintech

    Invest Johor’s Vision Unveiled

    Ravi Vamathevan: Connecting Migrants, Changing Lives – The Valyou Sdn Bhd Story

    Exploring the Ethics of Artificial Intelligence and Machine Learning

    2023 Investor Day of icapital.biz Berhad (ICAP, 5108)

    From left Eizzar Supiar, AVP - Evaluation, Cradle_ Adlin Yusman, Co-Founder of BeMalas_ Suthenesh Sugumaran, Co-Founder of BeMalas_ and Joyce Wee, Former Executive Director of Etalage

    Cradle Circle: Bridging Visionary Startups and Investors in Second Series Event

    Gorgeous Geeks Marks 15 Years of Empowering Women in Technology

    MDDA Celebrates 30 Years of Industry Excellence

    DNA Mapping, A Revolutionary Medical Breakthrough

    Thomson Ushers In New Treatment for Spinal Muscular Atrophy

    • Startups
    • Entrepreneurs
    • SMEs
    • Leadership
    • Business Planning
    • Fintech
  • Property
    • All
    • First Time Home Buyers
    • Feature

    From Skyscrapers to Serenity: Malaysia’s Housing Harmony

    How Is The Malaysian Property Industry Doing Post-Covid?

    SIBS Secures Multi-Billion Ringgit Modular Apartment Building Project To NEOM, Saudi Arabia

    VIPs pour gold paint into the KL Wellness City logo, symbolizing the injection of life to the crown jewel of Malaysia’s medical tourism hub - KL Wellness City

    Official Launch Of KL Wellness City

    Pavilion REIT Concludes Acquisition Of Pavilion Bukit Jalil, Reinforcing Retail Portfolio

    PropertyGuru: Malaysian Residential Property Market Continues To Face Challenges As Supply And Demand Declines

    MRTT VS MRTA, What’s The Difference?

    6 Online Courses to Learn about ESG And ESG Investing

    7 Tips For First-Time Home Buyers

    • First Time Home Buyers
    • Central
    • Northern
    • Southern
    • Sabah & Sarawak
    • Regional / Global
    • Feature
  • ESG
  • News & Events
  • Bahasa Melayu
No Result
View All Result
  • Start Here
    • All
    • Guides
    • How-Tos
    • Analysis

    What You Need To Know About The Insurance Industry In Malaysia

    PropertyGuru: Malaysian Residential Property Market Continues To Face Challenges As Supply And Demand Declines

    Fed Turns The Tide In War On Inflation, But It’s Too Early To Declare Victory

    MRTT VS MRTA, What’s The Difference?

    The Smart Investor’s Guide to Insurance

    Highlights: Malaysia’s Revised Budget 2023

    4 Reasons Why You Need To Invest In ETF

    SPY vs SPUS: A 2023 Comparison of S&P 500 ETFs

    7 Tips For First-Time Home Buyers

    • Guides
    • How-Tos
    • Analysis
  • Investments
    • All
    • Asset Management
    • Stocks
    • Islamic Finance
    • Alternative Investments

    Investment Strategies for a Rosy Portfolio

    Evaluating Bitcoin as a Store of Value in 2024

    Uncovering Asset Gems: 2024 Morningstar Awards for Investing Excellence – Malaysia

    Invest Johor’s Vision Unveiled

    The Rise of The Ibu Boss

    Invest Johor’s Vision Unveiled

    Malaysia’s dance with FAANG Giants

    ICMR Research Series: Taking a Dual and Systematic Approach to Address Investor Vulnerability in Malaysia

    AIIMAN menjalin pakatan strategik dengan Bank Islam sebagai Rakan Pengedar Untuk Luaskan Capaian Kepada Produk Kekayaan Syariah

    • Asset Management
    • Stocks
    • Islamic Finance
    • Alternative Investments
  • Personal Finance
    • All
    • Cash Management
    • Grow Your Wealth
    • Protect Your Wealth
    • Distribute Your Wealth
    • Behavioural Finance

    Steering The Malaysia’s ESG Landscape

    Securing Your Legacy

    Personal Finance In The Cyber Age

    Protecting Your Welfare and Financial Interests in The Face of Mental Incapacity

    The Far-Reaching Impact of Inflation

    Trust In Transition: Ensuring Legacy Security Amidst Blended Family Dynamics

    ICMR Research Series: Taking a Dual and Systematic Approach to Address Investor Vulnerability in Malaysia

    Property Tussle: Being Left Homeless After Sister’s Death

    Employment Opportunity Fraud Syndicate: Lidt Cooperation Advertising Sdn Bhd Or Lidl Cooperation Advertising Sdn Bhd

    • Cash Management
    • Grow Your Wealth
    • Protect Your Wealth
    • Distribute Your Wealth
    • Behavioural Finance
  • Enterprise
    • All
    • Startups
    • Entrepreneurs
    • SMEs
    • Leadership
    • Business Planning
    • Fintech

    Invest Johor’s Vision Unveiled

    Ravi Vamathevan: Connecting Migrants, Changing Lives – The Valyou Sdn Bhd Story

    Exploring the Ethics of Artificial Intelligence and Machine Learning

    2023 Investor Day of icapital.biz Berhad (ICAP, 5108)

    From left Eizzar Supiar, AVP - Evaluation, Cradle_ Adlin Yusman, Co-Founder of BeMalas_ Suthenesh Sugumaran, Co-Founder of BeMalas_ and Joyce Wee, Former Executive Director of Etalage

    Cradle Circle: Bridging Visionary Startups and Investors in Second Series Event

    Gorgeous Geeks Marks 15 Years of Empowering Women in Technology

    MDDA Celebrates 30 Years of Industry Excellence

    DNA Mapping, A Revolutionary Medical Breakthrough

    Thomson Ushers In New Treatment for Spinal Muscular Atrophy

    • Startups
    • Entrepreneurs
    • SMEs
    • Leadership
    • Business Planning
    • Fintech
  • Property
    • All
    • First Time Home Buyers
    • Feature

    From Skyscrapers to Serenity: Malaysia’s Housing Harmony

    How Is The Malaysian Property Industry Doing Post-Covid?

    SIBS Secures Multi-Billion Ringgit Modular Apartment Building Project To NEOM, Saudi Arabia

    VIPs pour gold paint into the KL Wellness City logo, symbolizing the injection of life to the crown jewel of Malaysia’s medical tourism hub - KL Wellness City

    Official Launch Of KL Wellness City

    Pavilion REIT Concludes Acquisition Of Pavilion Bukit Jalil, Reinforcing Retail Portfolio

    PropertyGuru: Malaysian Residential Property Market Continues To Face Challenges As Supply And Demand Declines

    MRTT VS MRTA, What’s The Difference?

    6 Online Courses to Learn about ESG And ESG Investing

    7 Tips For First-Time Home Buyers

    • First Time Home Buyers
    • Central
    • Northern
    • Southern
    • Sabah & Sarawak
    • Regional / Global
    • Feature
  • ESG
  • News & Events
  • Bahasa Melayu
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
121
SHARES
238
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

CapBay P2P Financing Achieves Remarkable RM1 Billion Financing Milestone

Next Post

CapBay P2P Financing Achieves Remarkable RM1 Billion Financing Milestone

Leave a Reply Cancel reply

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

Morningstar Awards 2024 Morningstar Awards 2024 Morningstar Awards 2024
  • Trending
  • Comments
  • Latest

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

17/08/2022

MRTT VS MRTA, What’s The Difference?

11/10/2023
A calculator on financial chart, financial concept

Tax For The 6 Common Investments In Malaysia

19/09/2023
drawbacks unit trusts investment

5 Drawbacks Of Unit Trusts Investment That You Should Know Before Investing

19/09/2023

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

inDrive Expands Financing with General Catalyst to US$300 Million to Fuel Growth and Innovation

19/03/2024

Investment Strategies for a Rosy Portfolio

19/03/2024

Evaluating Bitcoin as a Store of Value in 2024

19/03/2024

Tax Exemptions Breathe Life into Unit Trusts

14/03/2024

inDrive Expands Financing with General Catalyst to US$300 Million to Fuel Growth and Innovation

2 years ago

Investment Strategies for a Rosy Portfolio

2 years ago

Evaluating Bitcoin as a Store of Value in 2024

2 years ago

Tax Exemptions Breathe Life into Unit Trusts

2 years ago
Smart Investor Malaysia

© 2023 Smart Investor 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

  • About
  • Subscribe
  • Write For Us
  • Payment Policy
  • Shipping Policy
  • Cancellation and Refund Policy
  • Privacy Policy
  • Contact Us

Sign up to read our newsletter

  • Start Here
  • Investments
  • Personal Finance
  • Enterprise
  • Property
  • ESG
  • News & Events
  • Bahasa Melayu

© 2023 Smart Investor 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
    • 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
    • Regional / Global
    • Feature
  • ESG
  • News & Events
  • Bahasa Melayu

© 2023 Smart Investor 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.