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a n g k a s a

a n g k a s a. ENSURING FINANCIAL SUSTAINABILITY OF PRIMARY COOPERATIVES THROUGH ENABLING REGULATIONS AND BY-LAWS : MALAYSIAN EXPERIENCE by DATO’ HAJI ALIASAK HAJI AMBIA VICE PRESIDENT ANGKASA. BRIEFING OUTLINE. WHAT IS FINANCIAL SUSTAINABILITY ?. No significant liabilities

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a n g k a s a

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  1. a n g k a s a ENSURING FINANCIAL SUSTAINABILITY OF PRIMARY COOPERATIVES THROUGH ENABLING REGULATIONS AND BY-LAWS : MALAYSIAN EXPERIENCE by DATO’ HAJI ALIASAK HAJI AMBIA VICE PRESIDENT ANGKASA

  2. BRIEFING OUTLINE

  3. WHAT IS FINANCIAL SUSTAINABILITY ? No significant liabilities Income diversification Does not depends on other resources

  4. WHY COOP NEEDS FINANCIAL SUSTAINABILITY ? To support livelihood Stimulate coop business To conduct activities as agreed by GA To provide training and awareness programs

  5. MALAYSIAN EXPERIENCE – ENSURING FINANCIAL SUSTAINABILITY Reference Co-operative Act 1993 Co-operative by Laws Members Fund Shares Savings

  6. MALAYSIAN EXPERIENCE – ENSURING FINANCIAL SUSTAINABILITY External Capitalisation (Borrowing) c) Profit Making Cooperatives more than RM50,000 have to contribute : Co-operative Education Fund – 2% Co-operative Development Fund – 1% School Cooperative exempted

  7. MALAYSIAN EXPERIENCE – ENSURING FINANCIAL SUSTAINABILITY d)Profit Making Cooperative have to contribute 15% to the Statutory Reserve Fund e) Cooperative must allocate not more than 5% the Profit for CSR activities f) Dividend declared not more than 10%

  8. PREPARED BY DEVELOPMENT OF WOMEN & TCM UNIT, ANGKASA THANK YOU TERIMA KASIH

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