MELAKA, March 8 (Bernama) -- The 13,900 cooperatives operating in the country have recorded a share subscription of RM12 billion and had assets valued at RM138 billion as of January this year.
Cooperative College of Malaysia (MKM) Director General, Prof Madya Dr Abdul Rahman Abdul Razak Shaik said the figures are very big in respect of enhancing the income of about seven million cooperative members.
"The establishment of cooperatives has provided major benefits to members towards reducing the current cost of living, apart from assisting them in increasing their income and that of the country.
"However, cooperatives need to be managed in an organised and comprehensive manner, while widening the scope of economic activities that can boost their income," he told reporters here after the closing of the Cooperatives Human Capital Sustainability: Basic Practices of Cooperatives programme.
It was officiated by Deputy Minister of Science, Technology and Innovation (MOSTI), Datuk Dr Abu Bakar Mohamad Diah.....