State sets revenue target of RM800mil for cooperatives

Mohd Hairi (centre) presenting certificates to the best performing cooperatives during a Hari Raya Aidilfitri gathering in Johor Baru. With him are SKM director Fadilah Salim (left) and state Angkasa chairman Sazali Abd Hamid (right).

JOHOR wants to see revenue for the 1,462 registered cooperatives operating in the state increase to RM800mil.

State youth, sports, entrepreneur, cooperatives development and human resources committee chairman Mohd Hairi Mad Shah said Johor-based cooperatives had an increase in revenue of 5.6% last year.

He said that in the same period, the amount of shares and fees accumulated with a membership of 463,000 people throughout Johor amounted to RM330mil while the value of assets was more than RM1.3bil.

“In 2020, the cooperatives achieved revenue of RM970mil, but due to the Covid-19 pandemic in 2021, we recorded RM670mil which was a 30% decrease.

“But last year, revenue showed signs of recovery with more than RM714mil. For 2023, we are targeting RM800mil,” he said.

Mohd Hairi said this during a Hari Raya Aidilfitri gathering organised by the Johor Cooperative Commission of Malaysia (SKM) at Kompleks Tan Sri Mohamed Rahmat in Johor Baru.

He added that out of the 1,462 cooperatives registered in Johor, 30% of them had been found to be inactive.

He said that most of these inactive cooperatives had been helped to expand and develop their business modules, but were unable to survive.

“An average of 50 cooperatives close each year, as many of them face difficulties with no new business approach. Some of them even want it (debt) to be cancelled.“To keep them from shutting down, I will be going to every district in Johor to meet with them and find out in detail the problems they are facing, so that we can help them,” he added.

Mohd Hairi said SKM, together with Angkatan Koperasi Kebangsaan Malaysia Bhd (Angkasa), would also be going to the ground.

“This includes going to schools and colleges as people should know more about having a cooperative and how to make it sustainable,” he said.

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