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Cooperatives vital for nation’s growth 16 Feb 2021 / 21:28 H. THE cooperative movement should be strengthened and promoted in urban areas, as part of measures to contain inflation, introduce more choice and intensify competition. In fact, Prime Minister Tan Sri Muhyiddin Yassin himself had precisely made the suggestion that the cooperative movement can help tackle rising cost of living. With government support, cooperatives can be a dominant force in the supply chain and ensure prices are stable and low over the long term. This is in line with the government’s Prihatin approach to the economic challenges the country is facing. The cooperative movement can be described as not-for-profit “people-centred enterprises” owned, controlled and run by and for their members to realise their common economic, social, and cultural needs and aspirations.

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