Saturday, June 30, 2012

89 Cooperatives Registered In Tawau And Semporna Todate

Source From (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=677097

Published: on 30 Jun 2012

TAWAU, June 30 (Bernama) -- A total of 89 cooperatives, involving more than 30,000 members, have been registered with the Cooperatives Commission of Malaysia as at end-June, says Tawau CCM Director Nureen Nur Fauzi.

The cooperatives have combined shares of 2.5 million and assets worth RM30 million.

"This is not at all comparable with the cooperative movement in developed nations, especially in terms of its contribution to Gross Domestic Product," she told reporters after the annual general meeting of Balung Cocos Cooperative Tawau Bhd which was opened by Sabah Assistant Finance Minister Tawfiq Abu Bakar Titingan.

Nureen said the government, via the Domestic Trade, Co-operatives and Consumerism Ministry and CCM, wanted cooperatives to contribute at least five per cent to the country's GDP.

-- BERNAMA 

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