Main Page  I  Northern  I  South  I  East  I  Central  I Sabah & Sarawak  I  Versi B. Melayu  I  BERNAMA.COM
 
 

Cooperatives need to venture into high-impact new businesses


Last Update: 19/11/2018




 

SHAH ALAM, Nov 19 (Bernama) -- Cooperatives in this country should dare venture into high-impact new businesses to generate higher income, hence benefiting their members.

Angkatan Koperasi Kebangsaan Malaysia Berhad (Angkasa) president, Datuk Abdul Fattah Abdullah said these high-impact businesses included information communications technology and digital which could provide lucrative returns, but not ventured into by the local cooperatives.

"Old sources of business like giving out loans no longer provide high returns to cooperatives as it is a saturated area, besides facing stiff competition and new regulations.

"Therefore, our local cooperatives are advised to venture into businesses that can generate more income and hence, will be able to pay higher dividends to their members.

"This is also to enable the income generated to reach RM50 million as targeted by 2020 from RM41 billion currently,” he told a news conference after the signing of a memorandum of understanding (MoU) between Angkasa and Koperasi Pos Nasional Berhad (Koponas), here, today.

Also present was Koponas chairman, Mohd Azham Abd Jabar.

On the MoU, Abdul Fattah said it was a collaboration between Angkasa and Koponas to promote the development of document digitisation business.

"Koponas has the expertise and edge in data imaging, printing and records management which our local cooperatives should take advantage of.

"With digitisation, the cooperatives can save on space and costs as the old documents are now in soft copy,” he added.

-- BERNAMA


 



 
 
 
 
 
 
 
 
 
     
   
 

AFF U-18: Malaysia edge Indonesia 4-3, thanks to two-goal hero Harith Haiqal

 
     

MB believes tourism unaffected by Nora Anne tragedy

 
     

Uprooted tree lands on two vehicles in Ranau

 
     

ERC proposes no poster war in election

 
     
 
     
 

.  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .

 
     
     
   
   
     
     
     
   
     
   
     
 

 
© 2019 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy| Security Policy
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior
written permission of BERNAMA. Best viewed in Firefox 35.0.1 & Internet Explorer 8.0 with 1024 x 768 resolution