Are Number 29
have done it again! The rating for this year's best 100 co-operatives
the 2009 Report released by Suruhanjaya Koperasi Malaysia
(SKM) recently, our co-operative ranks number 29 among the best 100
co-operatives in the country. This is 10 spots higher than the 39th
ranking it achieved last year. This is truly a remarkable achievement
for our co-operative, considering the fact that the best 100
co-operatives are selected and
compiled by SKM out of a total of 6,084 co-operatives in the country.
Koperasi Malaysia defines a co-operative as the best in Malaysia when
the co-operative concerned achieves a satisfactory level of performance
in finance ( earnings, asset and equity ), business, management and
compliance to Co-operative Act and By-Laws in accordance to the
standard set by SKM and consistent with the standard criteria practised
by the International Co-operative Alliance (ICA).
The index for the best 100 co-operatives was first introduced by SKM
during the 2008 national level celebrations of Hari Koperasi
Negara. The objective is to showcase the best 100 co-operatives to
serve as the benchmark for the co-operative sector to determine the
success of co-operatives in our country.
The statistics released for 2008 showed there were 6,084 co-operatives
in the country with a total membership of 6.5 million, an accumulated
capital worth RM 8.4 billion, assets valued at RM 55.7 billion
and a turnover of RM 7.7 billion.
Commenting on this year's ranking of our co-operative. Chairman
Tan Gin Soon says that this achievement is not only through the effort
of the members of the Board but also with the dedication of the staff
and the strong support of the members.
He adds, " I am sure if we continue to strive hard and do our
should be able to move further up the ladder and eventually
attain the status of best 10 co-operatives in the country".