Latest news with #CooperativeCommissionofMalaysia
Barnama
29-07-2025
- Business
- Barnama
HKN 2025 Records Over RM1 Mln In Sales
MELAKA, July 29 (Bernama) -- The National Cooperative Day (HKN) 2025 celebration, held over three days from Friday to Sunday, recorded sales amounting to RM1,099,862.55. The Cooperative Commission of Malaysia (SKM) said the event, themed 'Cooperatives Empowering Communities, Building a MADANI Nation', also recorded potential sales of over RM21 million, reflecting a significant economic impact on the local cooperative ecosystem. It said the celebration drew 58,114 visitors, surpassing the initial target of 50,000, demonstrating strong public support for government initiatives to promote cooperatives through community-focused programmes, particularly for the B40 group.
The Sun
11-07-2025
- Business
- The Sun
SKM approves RM1m for 94 cooperatives under ‘Jejak Koperasi' programme
TENOM: The Cooperative Commission of Malaysia (SKM) has approved RM1.02 million in funding for 94 cooperatives under the Jejak Koperasi programme to strengthen the cooperative sector. Datuk Ewon Benedick, Minister of Entrepreneur Development and Cooperatives (Kuskop), stated that the funding is part of a RM2 million allocation by SKM, involving 160 cooperatives. The programme is a special initiative introduced in 2024 to prepare cooperatives in tourism and hospitality for Visit Malaysia Year (VMY) 2026. Additionally, RM642,000 has been set aside for the MADANI Cooperative Sales Programme, aimed at boosting local economic activities and community benefits. Ewon shared these updates during the opening of the Tenom district-level 2025 Mini Cooperative Carnival. He highlighted that cooperatives nationwide now hold shares and fees worth RM18.3 billion, assets of RM173 billion, and an annual turnover of RM68.18 billion. The government is also amending the Cooperative Societies Act 1993 to modernise the legal framework for cooperatives. - Bernama
