95 Management, Integrity, Internal Audit and Strategic Planning MATRADE Annual Report 2022 3. Procurements in 2022 RM9,439,099.56 178 procurement exercises for overseas offices were conducted, amounting to PROCUREMENT EXERCISE REVENUE GENERATION MATRADE’s Revenue Generating Strategy 2022-2025 comprises various income-generating initiatives to reduce reliance on Federal Government allocations. These initiatives are aimed at increasing financial independence and ensuring the sustained operation of MATRADE’s annual activities. The following initiatives are conducted by the Revenue Generation Unit in cooperation the relevant Units/Sections/ Divisions: • Construction of more dining spaces such as the Garden Cafe MATRADE, Food Court at the bus shed, and upgrading Trader’s Cafe. • Commercialisation of the Ground Floor Area; • upgrading the driveway and main entrance to make the area an official space for visitors; • increasing the rental rates of office premises; • establishing MATRADE subsidiary companies; • enhancing existing income generation initiatives such as export training fees, company participation fees, exhibition fees at the MEEC, profit-sharing from trade promotion programmes, and other income received based on initiatives approved by the Revenue Generation Committee (JPH). A total of 16 working papers for various applications were approved in 2022. These approvals enhance income generation and improve facilities offered to Malaysian companies while ensuring the welfare and well-being of the MATRADE community. 60Direct purchases RM 581,158.44 47Quotations RM 5,944,055.33 5Tenders RM 22,439,715.33 77Direct Negotiations RM 2,616,238.05 Trade Performance Report
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