Kuala lumpur: Angkatan Koperasi Kebangsaan Malaysia Bhd (ANGKASA) is setting its sights on significantly increasing the cooperative movement's revenue, with a target of reaching between RM73 billion and RM75 billion by 2026. This ambitious goal is driven by growing public confidence in the sector.

According to BERNAMA News Agency, ANGKASA's president, Datuk Seri Dr Abdul Fattah Abdullah, announced that the organization expects its 2025 revenue to surpass the RM68 billion achieved in 2024, following the closure of all cooperative accounts. The projected revenue increase is seen as a reflection of the public's trust in cooperatives as a viable solution for socio-economic challenges.

'On average, the Malaysia Cooperatives Commission registers about 1,000 new cooperatives each year. This indicates that the public increasingly understands and sees the potential for cooperatives to grow,' Abdul Fattah stated at the Distribution of Iftar Meal Packs event held at the Wisma Bernama lobby.

The event was attended by notable figures including Bernama's chief executive officer Datin Paduka Nur-ul Afida Kamaludin, editor-in-chief Arul Rajoo Durar Raj, and Bernama TV head Nor Hamzeela Md Hambali. Abdul Fattah also mentioned that ANGKASA has allocated approximately RM500,000 for corporate social responsibility (CSR) programs during Ramadan. These initiatives include providing iftar meals to media partners and distributing essential household items to those in need.

Earlier, ANGKASA distributed around 300 Ramadan kits to the staff of the Malaysian National News Agency (Bernama). Abdul Fattah highlighted that this gesture symbolized the strong relationship between ANGKASA and the media, as well as an appreciation for the media's efforts in promoting the cooperative movement to the public.

'Besides our ties with other media outlets, Bernama also has a cooperative. So, in addition to visiting our media colleagues, we are also visiting cooperative members who are themselves Bernama media colleagues,' he added.