Entrepreneur Development and Cooperatives Minister Ewon Benedick said there are now 14,975 cooperatives in the country, generating a total income of RM22.4 billion. He said with a membership of over seven million, the contribution of the cooperative movement through the collection of share capital and fees was as much as RM16.5 billion, while asset generation amounted to RM156.2 billion.
The Malaysian Cooperative Transformation Plan (TransKom) 2021-2025 needs to be used as the main reference in efforts to transform and empower the cooperative movement, especially in Sabah
KUALA LUMPUR: The legal system and the cooperatives governance structure will be reviewed so that the cooperatives movement is in line with current developments and needs, says Tan Sri Noh Omar.
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