Business

National Cooperative Day sees nearly RM50 mil in sales

RM46.9 mil from business prospects, says Datuk Ewon Benedick

Updated 3 years ago · Published on 26 Jul 2023 8:00PM

National Cooperative Day sees nearly RM50 mil in sales
Datuk Ewon Benedick says that a total of 10,069 people visited the Sabah International Convention Centre during the three days, exceeding the set target. – Sabah International Convention Centre - SICC Facebook pic, July 26, 2023

KOTA KINABALU – The three-day National Cooperative Day celebrations at the Sabah International Convention Centre (SICC) in Kota Kinabalu successfully recorded sales and business prospects amounting to RM48,370,833.

Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick said RM46.9 million was from business prospects through 44 business-matching sessions.

“Meanwhile, the sales from cooperatives or entrepreneurs that participated in the exhibition throughout the three-day National Cooperative Day amounted to RM1,215,090.00, with Madani sales totaling RM154,284.00, and food truck sales amounting to RM101,459.00. The overall cash sales total was RM1,470,832.

“In terms of visitor attendance, a total of 10,069 people visited SICC during the three days, exceeding the set target,” he said in a statement here today.

A total of 219 booths from government agencies, private enterprises, entrepreneurs, and cooperatives participated in the sales carnival and set up exhibition stalls.

Various entrepreneurship-related activities were held, including business advisory services, inclusive business talks, and an entrepreneurship quiz.

The opening ceremony was officiated by Sabah Chief Minister Datuk Hajiji Mohd Noor, with Sabah chosen to host the event.

The theme for this year’s celebrations is “Madani Malaysia, the Core of Cooperative Excellence”.

Embodying and implementing the six cores contained in the concept of Madani Malaysia, the Entrepreneur Development and Cooperatives Ministry believes it can elevate the status of the cooperative movement to a more advanced and prosperous level.

This celebration is a manifestation of the government’s appreciation and recognition of the national cooperative movement, which has contributed significantly to the socio-economic development of the nation’s Madani community.

Selecting July as the month for the National Cooperatives event not only highlights the history of the first cooperative registration in this country but also aligns with the declaration of the first Saturday and Sunday of July every year as the International Day of Cooperatives by the International Co-operative Alliance.

This year, the International Day of Cooperatives was celebrated on July 1, 2023.

Throughout the three-day celebration, the local community benefited economically from the presence of cooperative members from across the country, such as in the hospitality, tourism, and transportation industries.

Moreover, the national cooperative movement has successfully strengthened cooperation networks with various parties, engaged in various business activities, and increased cooperative income.

The closing ceremony of the National Cooperative Month on July 30 is expected to be officiated by Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi. – The Vibes, July 26, 2023

Related News

Malaysia / 5y

Another new norm Malaysia Day to see leaders come together in KK

Spotlight

Malaysia

Man kidnapped, tortured, and killed following misunderstanding

Malaysia

'I will never forget taxi drivers who backed me in my hardest times' - PM Anwar

Malaysia

Najib fails to secure stay of 15-year jail term, RM11.38b fine in 1MDB case

Malaysia

Ivana Smit’s mother considers Federal Court appeal after RM1.1m award overturned

Education

Schools in Negeri Sembilan, Melaka to reopen tomorrow as haze conditions improve

Malaysia

Zara Qairina inquest: Investigating officer says final findings showed no suspicious circumstances

Malaysia

Man jailed 8½ years for abusing three-year-old boy, forcing the child to eat faeces

World

Pope Leo XIV diagnosed with lung cancer after successful surgery

Malaysia

More than 3,000 Myanmar refugees set for repatriation after Malaysia secures breakthrough

You may be interested

Business

Oil prices stay above US$93 as Middle East tensions put pressure on ringgit

Business

SC expands new co-investment fund in 2027 to unlock growth capital for Malaysian businesses

Business

SC targets stronger board oversight through higher standards for company secretaries

Business

Oil prices rise as Gulf attacks threaten supply recovery