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MONTHLY BULLETIN - September 2008 - For Members Only

This was contained in the list of best 100 co-operatives declared by Suruhanjaya Koperasi Malaysia (SKM)  during the national level celebrations of Hari Koperasi Negara 2008 and the launch of Malaysian Co-operative Commission which took place on 19 to 20 July, 2008 at the International Convention Centre in Putrajaya.

The Suruhanjaya Koperasi Malaysia has, for the first time, introduced a rating index showcasing the best 100 co-operatives in the country which will serve as the benchmark for the co-operative sector to determine the success of co-operatives in our country.

For a co-operative to achieve the best co-op status, it has to attain the level of performance in finance (procurements, asset and equity) business management and adherence to by-laws based on the standard set by the Suruhanjaya Koperasi Malaysia.

As at 31 December 2007, there were a total of 5,170 co-operatives in the country with a membership of 6.3 million and an accumulated capital worth RM7.8 billion and assets valued at RM47.4 billion and a turnover of RM6.1 billion.

Chairman, Dato’ Tan Gin Soon who attended the celebrations said it was a proud day for our co-operative. He gave credit to the Board, the staff and members for the achievement. He said that the listing should spur the co-operative to strive further in the quest for excellence.