Latest news with #AbdulFattahAbdullah
The Sun
5 days ago
- Business
- The Sun
ANGKASA and Koperasi LLM sign MoA for ACNR 2025 in Penang
PETALING JAYA: Angkatan Koperasi Kebangsaan Malaysia Berhad (ANGKASA) has signed a Memorandum of Agreement (MoA) with Koperasi Lembaga Lebuhraya Berhad (Koperasi LLM) to co-host the inaugural CIMB ASEAN Cultural Night Run @ Penang 2nd Bridge 2025 (ACNR 2025). The event is set to take place on August 16 at the Sultan Abdul Halim Muadzam Shah Bridge in Penang. The MoA was signed by ANGKASA president Datuk Seri Dr Abdul Fattah Abdullah and Koperasi LLM chairman Datuk Idrus Mat Tais, witnessed by ANGKASA Group CEO Datuk Abdullah Jusoh and Koperasi LLM Deputy Secretary Nazri Saad. Abdul Fattah, who also serves as ASEAN Cooperative Organisation (ACO) president, highlighted that ANGKASA's involvement aims to encourage a healthy lifestyle while strengthening regional cooperative networks. 'This programme supports community wellness and allows cooperative movements to engage in large-scale regional initiatives,' he said during a press conference. ANGKASA is contributing RM100,000 in sponsorships, including prizes for winners and lucky draws, demonstrating its commitment to impactful social and economic programmes. The organisers aim to attract 5,000 participants from Malaysia and ASEAN nations. The run features three categories: a 5KM Fun Run, a 10KM competitive race divided by gender and age, and a 21KM competitive run with open and veteran divisions. Interested participants can register via ANGKASA's Facebook page (@ANGKASACoop) or the official website ( before the July 15 deadline. - Bernama
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
The Sun
05-07-2025
- Business
- The Sun
Angkasa boosts cooperative movement via digitalisation and expansion
KUALA LUMPUR: Angkatan Koperasi Kebangsaan Malaysia Berhad (ANGKASA) has reaffirmed its commitment to strengthening the national cooperative movement through digitalisation, improved product quality and the expansion of business networks across key strategic sectors. ANGKASA president Datuk Seri Dr Abdul Fattah Abdullah said the empowerment of cooperatives is now being driven in line with the Malaysia Cooperative Policy (DAKoM) 2030, National Entrepreneurship Policy 2030 and Malaysia Cooperative Digitalisation Plan 2030 to enhance resilience in the digital era. 'ANGKASA continues to strengthen the cooperative sector guided by the core pillars of DAKoM 2030, the National Entrepreneurship Policy 2030, and the Malaysia Cooperative Digitalisation Plan 2030, aimed at building the capacity and competitiveness of cooperatives, especially in today's digital landscape,' he said during the 39th ANGKASA delegates' general meeting here today. The annual meeting was officiated by Dewan Rakyat Speaker Tan Sri Dr Johari Abdul and attended by over 5,000 cooperative delegates nationwide in a hybrid format at WTC Kuala Lumpur. Abdul Fattah also highlighted the encouraging progress of the retail sector's digitalisation through the BA100 programme, which has registered 3,591 cooperative outlets as of May, surpassing the initial target of 3,000. He said ANGKASA is targeting RM375 million in sales by 2030 through digital initiatives such as the BA100 programme, as well as government support, including an RM6 million allocation announced by Prime Minister Datuk Seri Anwar Ibrahim following the Third National Cooperative Congress. By 2030, ANGKASA aims to involve cooperatives in various strategic ventures, including 850 under ANGKASAMart, 4,295 producing OEM products, 15 under CoopFarmasi, and 100 through CoopUmrah. To date, 42 school cooperatives have recorded revenues exceeding RM1 million, with two surpassing RM2 million. As part of efforts to enhance product competitiveness, more than 112 Stock Keeping Units (SKUs) have undergone packaging redesigns, while 148 SKUs have either received or are in the process of obtaining Halal certification since 2020. 'From 2020 to 2024, a total of 30 Halal certification development programmes have been implemented, involving 30 cooperatives nationwide, with 148 product SKUs successfully certified or currently under review,' he said. Meanwhile, Johari highlighted the vast potential of the cooperative sector, especially with membership now exceeding 7.2 million nationwide. 'I stress that cooperatives can help ease the burden on the people, particularly by offering goods at lower prices. When cooperatives are present at all levels, including rural areas, they can play a vital role in controlling the cost of living,' he said. He also encouraged cooperatives to tap into the agricultural sector as a new income stream and a source of food security, while urging them to leverage Malaysia's current ASEAN Chairmanship to foster regional partnerships. Additionally, he called for better use of the country's 1,000-plus National Information Dissemination Centres (NADI) as tools for community development and knowledge sharing.- 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.
