Latest news with #AbdulFattah
The Sun
05-07-2025
- Business
- The Sun
Angkasa approves RM255m for nine high-impact cooperative projects
KUALA LUMPUR: The 39th ANGKASA delegates' general meeting (MAPA) today approved an allocation of RM255 million to implement nine high-impact business projects set to benefit both the cooperative community and the general public. Angkatan Koperasi Kebangsaan Malaysia Berhad (ANGKASA) president Datuk Seri Dr Abdul Fattah Abdullah said the projects include the establishment of a cooperative-owned digital bank, food security initiatives, the development of affordable housing and the production of dairy products. 'Our goal is for cooperatives not only to remain relevant but to become major players in critical economic sectors such as food security, digital financial services and affordable housing. 'This RM255 million allocation aims to unlock greater potential and positioning cooperatives to be more competitive and sustainable,' he told reporters after the meeting, held at the World Trade Centre Kuala Lumpur today. The meeting also saw elections for ANGKASA's top two leadership posts - president and deputy president. Abdul Fattah retained his position after securing majority support from delegates, while Associate Prof Datuk Dr Abdul Rahman Abdul Razak Shaik was elected as deputy president for the 2025-2028 term. The annual meeting brought together 4,898 cooperative delegates from across the country to deliberate on key resolutions, the strategic direction of the national cooperative movement, and action plans to strengthen the standing of Malaysian cooperatives at both domestic and international levels. - Bernama
Barnama
18-06-2025
- Business
- Barnama
ANGKASA Eyes Early Achievement Of RM73 Bln Cooperative Revenue Target
KUALA TERENGGANU, June 18 (Bernama) – Angkatan Koperasi Kebangsaan Malaysia Bhd (ANGKASA) expects to achieve its long-term revenue target of RM73 billion by year-end, five years ahead of the 2030 goal set under the Malaysian Cooperative Policy (DAKOM). Its president Datuk Seri Dr Abdul Fattah Abdullah attributed the upbeat forecast to steady annual growth of around RM5 billion, buoyed by broader economic expansion and a range of government-backed initiatives aimed at strengthening the sector. 'The government has introduced various programmes to energise cooperative businesses, which have had a direct impact on revenue,' he said at the ANGKASA Terengganu Cooperative Appreciation Ceremony 2025 held here today. Also present were the Terengganu Cooperative Commission director Awang Ruslli Mohammad and ANGKASA Terengganu chairman Mohamed Yusoff. Abdul Fattah noted that a key factor behind the momentum is the MADANI Rahmah Sales Programme. Last year, the government allocated RM2 million to support 200 ANGKASA-linked cooperatives under the initiative. That funding has since grown to RM10 million, benefiting 444 cooperatives this year. Looking ahead, he said ANGKASA aims to establish 400 new mosque-based cooperatives in 2025, adding to the 600 currently in operation. These grassroots initiatives are intended to boost local economic participation and self-reliance, he added. Abdul Fattah also pointed to rising cooperative engagement in food production and retail as a key revenue driver.
The Sun
13-06-2025
- Business
- The Sun
Two school cooperatives manage to generate more than RM2 million in revenue
GOMBAK: A total of two school cooperatives successfully generated revenue exceeding RM2 million, while 42 others recorded revenue of over RM1 million for the 2024 accounts. The President of Angkatan Koperasi Kebangsaan Malaysia Berhad (ANGKASA), Datuk Seri Dr Abdul Fattah Abdullah, stated that this revenue was achieved through the retail sector, which is a high-impact business capable of bringing significant profits. 'This achievement proves that school cooperatives can be a serious entrepreneurial and business platform, thus becoming the backbone for the formation of successful cooperative entrepreneurs in the future,' he said. He said this when met by Bernama after the School Cooperative RM1 Million Revenue Recognition Award Ceremony at Sekolah Menengah Kebangsaan Taman Melawati, here, today. Abdul Fattah, who is also the President of the ASEAN Cooperative Organisation (ACO), said that the two school cooperatives that recorded over RM2 million in revenue were Koperasi Sekolah Menengah Kebangsaan (SMK) Vokasional Tanah Merah Berhad in Kelantan and Koperasi SMK Kota Kemuning, Shah Alam Berhad in Selangor. Meanwhile, the top three states that recorded school cooperative achievements with revenue exceeding RM1 million were Selangor with 11 cooperatives, followed by Perak (5), and Johor (4). Meanwhile, Abdul Fattah said he is confident that the cooperative movement's revenue target of RM73 billion by 2030, as set by the Malaysian Cooperative Policy 2030 (DaKom 2030), can be achieved this year. According to him, the cooperative movement in the country has so far recorded a revenue of RM68.2 billion. 'Every year there is an increase (in revenue) of RM5 billion. InsyaAllah... the target of RM73 billion can be achieved earlier than targeted,' he added.
Barnama
13-06-2025
- Business
- Barnama
Two School Cooperatives Manage To Generate More Than RM2 Mln In Revenue
GOMBAK, June 13 (Bernama) -- A total of two school cooperatives successfully generated revenue exceeding RM2 million, while 42 others recorded revenue of over RM1 million for the 2024 accounts. The President of Angkatan Koperasi Kebangsaan Malaysia Berhad (ANGKASA), Datuk Seri Dr Abdul Fattah Abdullah, stated that this revenue was achieved through the retail sector, which is a high-impact business capable of bringing significant profits. "This achievement proves that school cooperatives can be a serious entrepreneurial and business platform, thus becoming the backbone for the formation of successful cooperative entrepreneurs in the future," he said. He said this when met by Bernama after the School Cooperative RM1 Million Revenue Recognition Award Ceremony at Sekolah Menengah Kebangsaan Taman Melawati, here, today. Abdul Fattah, who is also the President of the ASEAN Cooperative Organisation (ACO), said that the two school cooperatives that recorded over RM2 million in revenue were Koperasi Sekolah Menengah Kebangsaan (SMK) Vokasional Tanah Merah Berhad in Kelantan and Koperasi SMK Kota Kemuning, Shah Alam Berhad in Selangor. Meanwhile, the top three states that recorded school cooperative achievements with revenue exceeding RM1 million were Selangor with 11 cooperatives, followed by Perak (5), and Johor (4). Meanwhile, Abdul Fattah said he is confident that the cooperative movement's revenue target of RM73 billion by 2030, as set by the Malaysian Cooperative Policy 2030 (DaKom 2030), can be achieved this year. According to him, the cooperative movement in the country has so far recorded a revenue of RM68.2 billion. "Every year there is an increase (in revenue) of RM5 billion. InsyaAllah... the target of RM73 billion can be achieved earlier than targeted," he added.
The Star
12-06-2025
- The Star
First group of Malaysian haj pilgrims to arrive home on June 14
MAKKAH: The first group of 284 Malaysian pilgrims for the 1446H/2025M haj season is scheduled to return home from King Abdulaziz International Airport, Jeddah, at 5.40am (local time) this Saturday (June 14). They will depart on Malaysia Airlines flight MH8251 and are expected to arrive at Kuala Lumpur International Airport (KLIA) at about 8.10pm the same day. Maktab Operations Director's Office manager Abdul Fattah Mohd Fasor said Tabung Haji (TH) and the airlines are implementing the City Check-In (CCI) system, which enables baggage check-in at pilgrims' accommodations, to ease the return process. "The CCI process follows standard airport procedures, including restrictions on prohibited items and baggage weight limits. Malaysia Airlines is involved in today's session, while Saudi Airlines will participate in subsequent ones. "A total of 47 CCI sessions are scheduled from today until June 24,' he told reporters after observing the process at the TH Makkah Headquarters in Abraj Al Janadriyah here. Abdul Fattah added that each pilgrim will receive five litres of Zamzam water upon arrival in Malaysia. They are not permitted to bring their own, in line with Saudi regulations. "Each pilgrim is allowed a baggage limit of 30kg as set by the airline. If the weight exceeds this, we encourage pilgrims, especially married couples, to repack jointly or use the available courier services,' he said. A pilgrim from Pasir Puteh, Kelantan, Nora'azidah Abd Rahman, 51, expressed satisfaction with the smooth CCI process carried out the day before. "We didn't expect such excellent service, and we felt like VIPs. Having the check-in process done at our accommodation made it much easier. My husband and I only needed to bring two bags under 30 kg each onto the plane,' she said. The final group of Malaysian haj pilgrims is scheduled to depart from Madinah at 10.40am (local time) on July 10 and arrive at KLIA at 12.35am on July 11. – Bernama
