THE government will consider writing off long-standing, irrecoverable debts under the Royal Malaysia Police Cooperative Bhd (RMPC), provided the move is executed responsibly and with sustainable governance in mind, Prime Minister Datuk Seri Anwar Ibrahim said today.
“I do not think it is reasonable for us to write off everything, but I believe that with good management and solid performance, we can offer a reasonable reduction,” Anwar said in his keynote address at the RMPC Annual General Meeting.
Anwar, who also serves as finance minister, called on the Home Ministry to provide a comprehensive financial report on RMPC for review by the Finance Ministry.
In a bid to further enhance the welfare of cooperative members, Anwar also announced that the government would consider awarding appropriate development projects to RMPC, subject to capacity and oversight.
“We will review these projects thoroughly to ensure they are suitable and that the cooperative is capable of carrying them out efficiently.
“If implemented properly, these projects could benefit a large number of cooperative members,” he added.
The announcement followed a proposal made by Inspector-General of Police Tan Sri Razarudin Husain earlier in the event, which included a request to award RMPC the contract for the construction of the new Kelantan police headquarters.
Anwar stressed that such initiatives must align with prudent financial principles and good governance while also delivering tangible benefits to police personnel through increased cooperative returns.
In a related matter, RMPC has declared its highest dividend in 97 years, distributing a total of RM36.14 million to 119,922 members, following a robust financial year.
Announcing the returns at the 90th Annual General Meeting in Kuala Lumpur today, Inspector-General of Police Tan Sri Razarudin Husain said the cooperative recorded a profit of RM50.14 million for the financial year 2024, up from RM45.02 million in 2023.
Members will receive an annual dividend of 5.8 per cent on subscription capital and 9.2 per cent on share capital – marking an increase of 0.3 percentage points and 2.2 percentage points respectively compared to last year.
“This is the highest dividend declared by KPDRM since its establishment 97 years ago,” Razarudin said.
The growth was supported by a significant increase in cooperative membership, which rose by 5,314 to 119,922 members in 2024, up from 114,608 in the previous year.
Subscription capital ownership rose by 4.9 per cent or RM28.6 million, from RM558 million in 2023 to RM586.6 million this year. Share capital also grew by 11 per cent or RM2.9 million, increasing from RM20.5 million to RM23.04 million.
“I believe this performance reflects growing confidence among Royal Malaysia Police personnel in the cooperative’s strong financial management and the wide range of benefits it offers to registered members,” he added. - June 13, 2025
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