Today, the Wholesale and Retail Sector is one of the 12 National Key Economic Area (NKEA) under the
In 2017, more than 13,800 co-operatives around the country recorded RM40.2 billion (USD9.68 billion) in turnover, which 4 percent or RM1.61 billion
Economic Transformation Programme (ETP), which the Co-operative Sector also plays an important role to make this programme a success. The National Co- operative Policy II (2011- 2020) highlights the Wholesale and Retail Sector as one of the six
» Community shop “imCoop” operated by the Iskandar Malaysia Co- operative recorded USD3.28 million in revenue in 2017, compared to USD1.92 million in 2016.
(USD389.4 million) of the total number were contributed by consumer co-operatives. From 2013 to 2017, the consumer co- operatives were able to increase their contribution to the Co-operative Sector by 39.5 percent.
key economic areas being focused by co-operatives as it is expected to contribute significantly to the turnover of Co-operative Sector by 2020.
The Malaysia Co-operative Socities Commission has outlined seven (7) strategic initiatives that can be used as guidance by co-operatives in the Wholesale and Retail Sector to gain quick returns and profits. Indirectly, this
would allow the Co-operative Sector to achieve the targeted amount of contribution to the nation’s GDP by 2020 or maybe earlier. The co-operatives’ involvement in this sector is accordance to the “members- owned, members-produced, and members-consumed” concept, which co-operatives join forces and capital to produce products or essential goods for the use and mutual benefits. Co-operatives in this sector are involved in the economic activites are as follows:-
1) Production of products / goods 2) Wholesale (e.g. collection and distribution centres, etc.) 3) Retail (e.g.stationery store, bookstore, grocery store, supermarket, hypermarket and etc.) 4) Retail sales of petrol and diesel oil 5) Business electrical appliances and furniture 6) Franchise business 7) Diners and restaurants
» “COOP Mart” has become a common sight in Malaysia as not only adult co-operatives are operating the store, but school co-operatives too. The “COOP Mart” in the picture is run by St. George’s Girls’ School Co-operative in Penang.
» “U-SHOP” run by the Development of the Ummah of Kelantan Co-operative or KO-UMMAH has six branches nationwide. The co-operative plans to open another 300 outlets in the near future.
58 PELANCAR November 2018
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