Koperasi Tentera Declares 7.1 Pct Dividend Worth RM125.3 Mln
KUALA LUMPUR, June 19 (Bernama) -- Koperasi Angkatan Tentera Malaysia Bhd (Koperasi Tentera) has declared a 7.1 per cent dividend for its 155,678 members, amounting to a total payout of RM125.3 million, following a strong financial performance in the past fiscal year.
Defence Minister Datuk Seri Mohamed Khaled Nordin said the achievement reaffirms the status of the armed forces cooperative as one of the most robust in the country, driven by strong member support and sound governance.
Koperasi Tentera maintains its standing as a premier cooperative, with total assets exceeding RM3 billion, placing it among the most successful cooperatives in Malaysia.
'There are around 15,000 cooperatives in the country, but only 15 have earned premier status. Koperasi Tentera ranks second among them,' he said during the opening of the cooperative's 59th Annual General Meeting at Wisma Perwira ATM today.
Despite ongoing economic challenges, the cooperative recorded a net income of RM253.3 million last year, an increase from RM232.8 million in 2023.
At the same time, Mohamed Khaled said the cooperative also reported a pre-tax and zakat profit of RM110.2 million.
He attributed the cooperative's strength to the unwavering support of its members, especially in areas such as financing, insurance and investment services.
'This is the essence of cooperatives, members supporting their own institution. If members need loans, they turn to the cooperative instead of loan sharks. Its success is also built on a strong culture of democratic governance,' he said.
Mohamed Khaled also stressed the vital role of Koperasi Tentera as both an economic and social instrument, especially for Malaysian Armed Forces (ATM) personnel navigating today's economic landscape.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Barnama
15 minutes ago
- Barnama
Petronas Should Adapt To New Energy Transition Demands Amid Economic And Geopolitical Uncertainties
BUSINESS By Kamarul Ariffin Md Yasin & Siti Nurhana Shafirah Mat Nazir KUALA LUMPUR, June 19 (Bernama) -- Petroliam Nasional Bhd (Petronas) must face new demands in the energy transition era to remain relevant amid current economic uncertainties and geopolitical tensions. Its president and group chief executive officer, Tan Sri Tengku Muhammad Taufik Tengku Aziz, said that in the short term, hydrocarbon production must be cleaner and lower in carbon intensity to reduce greenhouse gas emissions, in addition to addressing methane leaks according to standards. 'Firstly, gold certification for oil and gas methane partnership (OGMP) 2.0 is a must. Secondly, we will avoid flaring or routine venting of gas, and so far, more than 20 of our assets have tackled this by practising zero routine flaring. 'In the medium to long term, offerings such as carbon capture and storage (CCS) and specialty chemicals should be accelerated as soon as possible, and I believe this requires the right platform, and investments need to be made,' he told Bernama TV in an exclusive interview during the Energy Asia 2025 conference here yesterday. Tengku Muhammad Taufik highlighted that the national oil and gas company must undergo a transformation, where it is no longer optional but a necessity to prepare for a low-carbon energy system. 'In the past, we were production-oriented; we produced, and people would buy. Now, we need to understand more; we will only produce what people are willing to buy. 'Willing to buy in terms of capability and needs, so if it is just to supply energy in the form of liquefied natural gas (LNG) to traditional markets like Japan, perhaps now it is not enough,' he said. Tengku Muhammad Taufik said Petronas is focusing on high-value assets and implementing strategic portfolio optimisation, including increasing or reducing holdings to optimise capital allocation, improve returns, and strengthen focus to support sustainable growth.
Barnama
19 minutes ago
- Barnama
Japan Backs Johor's Push To Become ASEAN Urban Mobility Model
JOHOR BAHRU, June 19 (Bernama) -- Japan has pledged continued support for Johor's transformation into an ASEAN benchmark for urban mobility by promoting smart transit solutions and cutting-edge transportation technologies. Japanese Ambassador to Malaysia Noriyuki Shikata said the initiative aligns with Johor's rapid economic growth, particularly fuelled by the Johor-Singapore Special Economic Zone (JS-SEZ), which is set to position the state as a key regional economic hub. He said the forthcoming Rapid Transit System, Johor Bahru-Singapore Rapid Transit System (RTS), expected to be completed by late 2026, along with the proposed Elevated Autonomous Rapid Transit System (E-ART), are key to improving public transportation in Johor. bootstrap slideshow By utilising Japan's AI-powered traffic control systems and digitally optimised public transportation networks, Johor could significantly reduce traffic congestion and emerge as a transportation model not just for Malaysia, but for the entire ASEAN region, he said at the Nikkei Forum Medini Johor 2025 here Thursday. Co-organised by Iskandar Investment Bhd and Japan's Nikkei Inc, the two-day Nikkei Forum Medini Johor 2025 is hosted by the Johor state government with support from the Johor Economic Planning Division, Invest Johor, and the Iskandar Puteri City Council. He highlighted the strategic potential of the Port of Tanjung Pelepas and Johor Port, both of which are well-positioned to grow as competitive regional logistics hubs and play a larger role in international trade. He said Japanese stakeholders are eager to collaborate on enhancing operational efficiency and vessel traffic management at the Port of Tanjung Pelepas and Johor Port, aiming to strengthen Johor's role in international trade, generate quality employment, and significantly contribute to regional economic growth. As Johor continues to emerge as a key destination for data centres, Shikata underscored the significant environmental challenge posed by the high energy demand for cooling, noting that Japan's LNG-based cooling technology offers an environmentally friendly and efficient cooling solution. 'By adopting this technology, the data centres in Johor would significantly improve energy efficiency while reducing their environmental impacts as well as improving operational efficiency,' he said.
Barnama
an hour ago
- Barnama
Saudi's Al-Baha Development Receives Malaysian Delegation To Boost Tourism Cooperation
AL BAHA (Saudi Arabia) , June 19 (Bernama-SPA) -- Al-Baha Region welcomed a Malaysian delegation comprising representatives of 14 tourism companies as part of an exploratory tour organised by the Strategic Office for the Development of Al-Baha Region, in collaboration with the Saudi Tourism Authority and several private-sector tourism partners in the region. According to Saudi Press Agency (SPA) the initiative is part of ongoing efforts to promote quality tourism and attract tourists from Asian markets, particularly Malaysia. This visit builds on the marketing and promotional campaigns launched by the strategic office to introduce international markets to the region's unique tourism offerings.
