Home News Fama Records RM122mil Sales in Less Than Two Months

Fama Records RM122mil Sales in Less Than Two Months

Fama Records RM122mil Sales in Less Than Two Months

The Federal Agricultural Marketing Authority (Fama) recorded sales of RM122mil through outlets under its supervision from Sept 1 to Oct 18, 2021.

Fama director-general Datuk Zainal Bidin Yang Razali said the network of 368 outlets nationwide has provided benefits to more than 12,131 entrepreneurs and also 2.26 million customers who buy their agro-food products at these outlets.

He said the opening of a chain of outlets adopting standard operating procedures (SOPs) set by the National Security Council was a positive indicator as the sales and profit achieved had surpassed the initial target set by Fama.

The reopening of all Fama outlets included 35 ‘pasar tani kekal’, 266 farmers markets, 19 fresh fruit stalls, five agrobazaaar outlets at R&R areas, as well as five pasar tamu (weekly market).

“Initially, we targeted to open 241 outlets, however, up to Oct 18, we have opened 368 outlets. In terms of the number of entrepreneurs, we are targeting 6,000 entrepreneurs, that’s the target until December, we have offered opportunities but as of last Monday, more than 12,000 entrepreneurs have carried out the business.

“As for sales value, we are aiming for RM200mil until Dec 31 via these outlets but we have achieved RM122mil as of last Monday, hence, we feel by year-end, we are able to achieve more than what we target,” he said on Saturday. — Bernama

Fiscal Stimulus Bolsters US Economic Growth in Q1, Fastest GDP Growth Since 2003

The second-fastest gross domestic product growth since the third quarter of 2003, reported by the Commerce Department on Thursday, left output just 0.9% shy of its level at the end of 2019.

US Economy Grew Robustly in First Quarter

GDP grew at a 6.4% annual rate in the quarter, leaving the economy within 1% of its peak.

Asia-Pacific Markets Broadly Lower As Investors Turn Cautious

Asia-Pacific markets struggled for gains Friday as investors turned cautious, despite a positive finish stateside in the previous session.

World Shares Near Record High on Strong US Economic Data and Earnings

US economic growth accelerated in the first quarter, fuelled by massive government aid.

How the US Won the Economic Recovery

I looked for a country that got the economic response to Covid-19 right. I found the US.

Barclays Boss Predicts Biggest Economic Boom Since 1948

The UK is about to experience its biggest economic boom since the aftermath of World War Two, according to Barclays boss Jes Staley. His upbeat...

Buying American Is Easier Said Than Done: Will Biden’s Plan Juice the US Economy?

Joe Biden and Donald Trump don't agree on much, but this much they do: We should buy American products. But that's easier said than done.

Silver Down As Dollar and Yields on Bonds Rose as US Economy Advanced

Benchmark U.S. 10-year Treasury yields hovered near a more than two-week high, increasing the opportunity cost of holding non-yielding bullion.

Yellen Doesn’t See Biden Plan Creating Inflation ‘Issue’

President Joe Biden’s economic plan is unlikely to create inflation pressure in the U.S. because the boost to demand will be spread over a decade, said Treasury Secretary Janet Yellen.

Inflationary Pressure, Hawkish Fed Official Remarks Keep US Stocks on Leash

Dow added 2.4%, the S&P 500 gained 5.6%, and the Nasdaq jumped 7%. Dow was down 0.54% at 33,875 while the S&P was down by 0.72%. Nasdaq was down by 0.85%.