Latest news with #JejakKoperasi
Daily Express
15-07-2025
- Business
- Daily Express
Co-ops record RM68 billion revenue
Published on: Tuesday, July 15, 2025 Published on: Tue, Jul 15, 2025 By: Gerry Lewis Text Size: Ewon also said his Ministry would continue existing initiatives while introducing new programmes such as 'Jejak Koperasi' and conducting stakeholder engagement on the proposed legal amendments. Tenom: More than 16,000 active cooperatives nationwide have recorded an annual revenue of RM68 billion, reaffirming their role as one of the key drivers of the people's economy. Minister of Entrepreneur Development and Cooperatives, Datuk Ewon Benedick, said the achievement reflects the growth of the cooperative sector into a strong and high-impact economic system, particularly in empowering grassroots communities. Advertisement 'The cooperative sector is no longer a small entity, but a significant economic force for the people. 'We will continue to be proactive through various efforts, including ongoing amendments to the Co-operative Societies Act 1993 to ensure the law remains relevant, progressive and facilitative.' He said this after officiating the Tenom District-level Mini Cooperative Carnival held at the Open Hall of Kampung Paguokon, Monday. Ewon also said his Ministry would continue existing initiatives while introducing new programmes such as 'Jejak Koperasi' and conducting stakeholder engagement on the proposed legal amendments. According to him, cooperative membership across Malaysia has now surpassed 7.2 million, with total assets exceeding RM173 billion that positioning cooperatives among the key contributors to national economic growth. 'These efforts and achievements reflect the government's commitment to transforming the cooperative ecosystem into one that is holistic, sustainable and conducive, to ensure the continued relevance and competitiveness of the cooperative movement in Malaysia,' he said. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
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
