Spurring Exports In The New Norm Management and Integrity, Internal Audit and Strategic Planning 123 01 02 03 04 05 PROCUREMENT Transparent Procurement Practices MATRADE’s procurement processes are managed transparently based on enforced government circulars and regulations. All procurement related matters are carried out with good governance practices in accordance to the following procurement principles: • Public Accountability - Entrusted procurement matters must be carried out responsibly in accordance to established policies and regulations. • Managed Transparently - All policies, rules and procurement processes implemented must be clear, known and understood and in accordance to established policies and rules. • Best Value in Returns - Procurement management should result in best returns for every ringgit spent. • Open Competition - The procurement process should provide opportunities for all parties eligible to compete. • Fair and Equitable - Procurement must be publicised, processed and evaluated fairly based on established policies and guidelines. Revenue Generation Revenue generation efforts involve various initiatives to increase financial allocations to assist MATRADE's operations. These include office space rentals at Menara MATRADE, exporter training fees, exhibition fees at Malaysia Export Exhibition Center (MEEC), company participation fees in promotion programmes, revenue BUDGET MANAGEMENT TYPE DIRECT PURCHASE QUOTATION TENDER DIRECT NEGOTIATION 574,271.53 9,393,969.07 3,795,595.00 557,200.00 AMOUNT VALUE (RM) 76 46 2 1 Procurement implemented at the headquarters in 2020 is as follows: A total of 141 overseas office procurements were carried out amounting to RM5,947,560.25 sharing from trade promotion programmes and other proceeds received which are approved by MATRADE’s Revenue Generation Committee (JPH). In 2020, JPH approved two amendments to MATRADE’s Revenue Account Management Guidelines to improve on existing rules.
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