MELAKA, Oct 9 — The national cooperative sector is projected to reach a revenue of RM100 billion this year, driven by positive growth as well as strengthening membership and capital accumulation.
Malaysia Cooperative Societies Commission (SKM) chief executive officer Mohd Marzuki Yasoa’ said as of December 31 last year, the sector recorded a revenue of RM81.6 billion and total assets amounting to RM186.75 billion.
“As of December 31 last year, a total of 16,468 cooperatives were recorded nationwide, with accumulated share capital and fees amounting to RM18 billion.
“These figures reflect the significant role and contribution of the cooperative movement in strengthening economic development and enhancing the well-being of members and the community, as such we are optimistic that the national cooperative sector’s revenue can reach RM100 billion this year,” he told reporters here last night.
