KUALA LUMPUR, July 10 (Bernama) -- The cooperative institution is a vital instrument in helping to improve the living standards of Malaysians, particularly those in the B40 group, micro-entrepreneurs and local communities, said Prime Minister Datuk Seri Anwar Ibrahim.
Anwar, who is also Finance Minister, said that cooperatives not only provide financial services and banking facilities, but also serve as a platform to empower the people, in line with the government’s Malaysia MADANI vision.
“The MADANI government will continue to support and strengthen the cooperative sector as one of the engines of economic growth for the rakyat,” he said at the official opening of the Wisma Co-Opbank Pertama (CBP) here today.
His speech text was read out by Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick.
Anwar added that, according to the Malaysia Co-operative Societies Commission, more than 16,000 cooperatives had been registered as of December 2024, with total membership exceeding 7.2 million.
Anwar, who is also Finance Minister, said that cooperatives not only provide financial services and banking facilities, but also serve as a platform to empower the people, in line with the government’s Malaysia MADANI vision.
“The MADANI government will continue to support and strengthen the cooperative sector as one of the engines of economic growth for the rakyat,” he said at the official opening of the Wisma Co-Opbank Pertama (CBP) here today.
His speech text was read out by Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick.
Anwar added that, according to the Malaysia Co-operative Societies Commission, more than 16,000 cooperatives had been registered as of December 2024, with total membership exceeding 7.2 million.