Over 16,000 Cooperatives Incorporated In Various Sectors, With 7.2 Mln Members - SKM

MELAKA, July 27 (Bernama) -- More than 16,000 cooperatives nationwide have been incorporated in various economic sectors, with a total membership of 7.2 million.

The Malaysia Cooperatives Commission (SKM) said the achievement showed that nearly one-fifth of the country's population are cooperative members.

"The contribution of the cooperative sector's revenue, which reached RM68 billion, reflects the community's trust and acceptance of the cooperative model as an inclusive economic development platform.

"In addition, the total accumulated assets of cooperatives have reached RM173 billion, resulting from the mobilisation of share capital or membership fees amounting to RM18.3 billion in 2024,” the SKM said in a statement issued in conjunction with the three-day 2025 National Cooperative Day (HKN) at the Melaka International Trade Centre (MITC), which ended today.

It also said that various programmes were organised to attract visitors, and a total of 242 exhibition booths from various ministries and Federal and state agencies were involved in HKN 2025

In addition, the  MADANI Cooperative and Entrepreneur Mega Sales Programme (JMKU), which offers up to 30 per cent discounts for daily necessities, was also held.

SKM said that at today's HKN 2025 closing ceremony, the government, through the Ministry of Entrepreneur Development and Cooperatives (KUSKOP), presented awards to 10 cooperatives that demonstrated excellent performance in recognition of the cooperative movement.

The award comprised the 2025 Best Malaysian Cooperative Award, 2025 Cooperative Activity Award, 2025 Most Promising Cooperative Award and 2025 Premier Cooperative Award.

The closing ceremony of HKN 2025, themed 'Cooperatives Empower Communities, Building a MADANI Nation’, was officiated by Melaka Chief Minister Datuk Seri Ab Rauf Yusof and was also attended by Minister of Entrepreneur Development and Cooperatives Datuk Ewon Benedick.

-- BERNAMA