CCM Aims For RM50 Billion Revenue By Year 2020

KUALA LUMPUR, Julai 23 (Bernama) -- The Cooperative Commission of Malaysia (CCM) is confident of achieving revenue of RM50 billion from sales and services for the cooperative sector by 2020.

Source from (Bernama): http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=965431
Published: July 24, 2013

Its Executive Chairman, Datuk Nik Ali Mat Yunus said there were 10,600 registered cooperatives throughout the country at present, with seven million members.

"The sector recorded revenue of RM32 billion for the 2012 financial year and we expect to achieve six per cent growth this year.

"To achieve our target of RM50 billion in 2020, the cooperative sector needs to transform into a conglomerate. This is to enable it to penetrate the global market, as well as diversify its business and commercial activities, to sustain the growth, " he added.

He told the media this after officiating the CCM's online application system for honorarium and dividend payment and audit application.

Also launched today was the Rules and regulation for the CCM Financial and Accounts Management.

The rules will be in place from July 23 and is part of efforts to place the CCM as an excellent organisation as desired under the National Coperative Policy.

--BERNAMA