Saturday, December 1, 2012

Cooperatives Turnover Target Of RM24 Billion Almost Reached- SKM Chairman

JITRA, Nov 29 (Bernama) -- The Cooperatives Commission of Malaysia's (SKM) target of achieving a RM24 billion turnover for the industry has almost been met with sales having reached RM23 billion thus far.

Source from (Bernama): http://www.bernama.com/bernama/v6/newsgeneral.php?id=712687
Published: November 30, 2012

Its executive chairman Datuk Md Yusof Samsudin said the increased turnover this year was because of the higher number of cooperatives registered.

"So far, 954 new cooperatives have been registered bringing the total number of cooperatives in the country to 10,005 which exceeds our target for next year," he told reporters after opening Pusat Rawatan Mahsuri (PRM), which is wholly-owned by Koperasi Guru-guru Melayu Kedah Berhad (KGMKB), near here Thursday.

He said although most of the cooperatives were engage in small business, their large presence contributed to the high turnover.

-- BERNAMA

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