Latest news with #AngkatanKoperasiKebangsaanMalaysiaBerhad
The Sun
22-05-2025
- Business
- The Sun
ASEAN states urged to include cooperatives in national development policies
KUALA LUMPUR: ASEAN member states have been urged to incorporate cooperatives into their respective national development policies to ensure better alignment of cooperative-related strategies across the region. Angkatan Koperasi Kebangsaan Malaysia Berhad (ANGKASA) president Datuk Seri Dr Abdul Fattah Abdullah said this move is vital in positioning cooperatives as a regional economic force on par with other sectors. 'Currently, cooperatives are perceived as a marginal sector, involving only certain groups. It has yet to develop into a larger movement compared to other economic sectors,' he said during Bernama TV's Dari Kuala Lumpur ke Dunia programme aired tonight. Abdul Fattah said that not all ASEAN member states have recognised cooperatives in their national policies, resulting in gaps in direction and regional economic participation. He stressed that ASEAN should adopt a more inclusive approach to allow cooperatives to actively contribute to regional policy formulation, in line with their extensive membership base. 'At the ASEAN level, the cooperative movement comprises more than 300,000 cooperatives with nearly 66 million members. However, this movement has yet to be given due recognition within the regional economic administration structure. 'We must collaborate, explore business opportunities from various regions, and compete globally. Otherwise, we risk being left behind,' he said. Abdul Fattah, who also serves as ASEAN Cooperative Organisation president, said the proposal would continue to be raised with ASEAN leaders through the ASEAN Cooperative Dialogue 2025 resolution to ensure cooperatives are no longer sidelined in the region's economic development ecosystem. The 46th ASEAN Summit will commence with the Senior Officials' Meeting on May 23, followed by the ministerial-level meeting on May 25, while the Heads of Government meeting will begin on May 26.
Barnama
22-05-2025
- Business
- Barnama
ASEAN States Urged To Include Cooperatives In National Development Policies
KUALA LUMPUR, May 22 (Bernama) -- ASEAN member states have been urged to incorporate cooperatives into their respective national development policies to ensure better alignment of cooperative-related strategies across the region. Angkatan Koperasi Kebangsaan Malaysia Berhad (ANGKASA) president Datuk Seri Dr Abdul Fattah Abdullah said this move is vital in positioning cooperatives as a regional economic force on par with other sectors. 'Currently, cooperatives are perceived as a marginal sector, involving only certain groups. It has yet to develop into a larger movement compared to other economic sectors,' he said during Bernama TV's Dari Kuala Lumpur ke Dunia programme aired tonight. Abdul Fattah said that not all ASEAN member states have recognised cooperatives in their national policies, resulting in gaps in direction and regional economic participation. He stressed that ASEAN should adopt a more inclusive approach to allow cooperatives to actively contribute to regional policy formulation, in line with their extensive membership base. 'At the ASEAN level, the cooperative movement comprises more than 300,000 cooperatives with nearly 66 million members. However, this movement has yet to be given due recognition within the regional economic administration structure. 'We must collaborate, explore business opportunities from various regions, and compete globally. Otherwise, we risk being left behind,' he said. Abdul Fattah, who also serves as ASEAN Cooperative Organisation president, said the proposal would continue to be raised with ASEAN leaders through the ASEAN Cooperative Dialogue 2025 resolution to ensure cooperatives are no longer sidelined in the region's economic development ecosystem. The 46th ASEAN Summit will commence with the Senior Officials' Meeting on May 23, followed by the ministerial-level meeting on May 25, while the Heads of Government meeting will begin on May 26.
The Sun
22-05-2025
- Business
- The Sun
ASEAN: Integrate cooperatives in national development
KUALA LUMPUR: ASEAN member states have been urged to incorporate cooperatives into their respective national development policies to ensure better alignment of cooperative-related strategies across the region. Angkatan Koperasi Kebangsaan Malaysia Berhad (ANGKASA) president Datuk Seri Dr Abdul Fattah Abdullah said this move is vital in positioning cooperatives as a regional economic force on par with other sectors. 'Currently, cooperatives are perceived as a marginal sector, involving only certain groups. It has yet to develop into a larger movement compared to other economic sectors,' he said during Bernama TV's Dari Kuala Lumpur ke Dunia programme aired tonight. Abdul Fattah said that not all ASEAN member states have recognised cooperatives in their national policies, resulting in gaps in direction and regional economic participation. He stressed that ASEAN should adopt a more inclusive approach to allow cooperatives to actively contribute to regional policy formulation, in line with their extensive membership base. 'At the ASEAN level, the cooperative movement comprises more than 300,000 cooperatives with nearly 66 million members. However, this movement has yet to be given due recognition within the regional economic administration structure. 'We must collaborate, explore business opportunities from various regions, and compete globally. Otherwise, we risk being left behind,' he said. Abdul Fattah, who also serves as ASEAN Cooperative Organisation president, said the proposal would continue to be raised with ASEAN leaders through the ASEAN Cooperative Dialogue 2025 resolution to ensure cooperatives are no longer sidelined in the region's economic development ecosystem. The 46th ASEAN Summit will commence with the Senior Officials' Meeting on May 23, followed by the ministerial-level meeting on May 25, while the Heads of Government meeting will begin on May 26.
Barnama
04-05-2025
- Business
- Barnama
ACD 2025 To Address Key Regional Issues In Cooperative Movement
PETALING JAYA, May 4 (Bernama) --The ASEAN Cooperative Dialogue 2025 (ACD2025), scheduled for May 13 and 14, will serve as a platform to discuss critical issues related to the cooperative movement among ASEAN countries. Angkatan Koperasi Kebangsaan Malaysia Berhad (Angkasa) president, Datuk Seri Dr Abdul Fattah Abdullah, said ACD2025 will not only highlight the importance of the cooperative movement in the region but also open avenues for strategic cooperation in areas such as trade, tourism, digital technology, Islamic finance, and halal product development. "Most countries currently focus mainly on agricultural cooperatives. Through ACD2025, we hope to elevate the role and contributions of cooperatives across diverse sectors. We propose that cooperatives be recognised as part of the economic sector," he said. He was speaking at a press conference following the ACD2025 Pre-Launch ceremony officiated by Entrepreneur Development and Cooperatives Ministry (KUSKOP) secretary-general, Datuk Seri Khairul Dzaimee Daud, at Angkasa headquarters here today. Abdul Fattah, also President of the ASEAN Cooperative Organisation (ACO), said ACD2025 is an ideal opportunity to showcase Malaysia's cooperative achievements on a regional stage, particularly in the education, community, and consumer sectors. He added that ACD2025 will also create new opportunities for small and medium cooperatives to penetrate the ASEAN market through the cooperative-to-cooperative (C2C) model, thus contributing to grassroots economic growth. Themed 'Co-operatives Build a Better World', ACD2025 has received strong support from the government, including a RM6 million allocation to Angkasa announced by Prime Minister Datuk Seri Anwar Ibrahim at the National Cooperative Congress on July 26, 2024. The funds aim to support the implementation of various strategic initiatives. Abdul Fattah said RM1 million from the allocation is for implementing ASEAN co-operative programmes during Malaysia's ASEAN Chairmanship in 2025. He said the allocation demonstrates the government's confidence in the potential of cooperatives as an economic development driver. It also highlights their role in strengthening regional economic networks and enhancing social well-being within the ASEAN community.
