KOPIT’s Board Attended Seminar for New Cooperative Development

On 26 May 2023, the esteemed representatives from KOPIT had the privilege of attending the highly anticipated seminar, “Seminar Pembangunan Koperasi Baharu Wilayah Persekutuan 2023,” hosted by Suruhanjaya Koperasi Malaysia (SKM). The seminar is held for 2 days. The event aimed to provide insights and foster collaboration among cooperatives in the Federal Territories. The KOPIT delegation consisted of Mr. Michael Ong, the Chairman; Mrs. Erica, the Treasurer; Mr. Ting, the Secretary; and Mr. Vincent Yap, a distinguished member of the KOPIT Board of Directors.

Agenda Highlights:

  1. Presentation by the Malaysian Cooperative Institute (IKMa): The seminar commenced with an informative presentation by the esteemed Institut Koperasi Malaysia (IKMa). Their session shed light on the latest developments and best practices in the cooperative sector, equipping attendees with valuable knowledge.

  2. Development Presentation: Sharing Experiences with Tenaga Nasional Berhad Cooperative (KOPTNB): A noteworthy segment featured a sharing session by Koperasi Tenaga Nasional Berhad (KOPTNB), where they shared their experiences and insights into successful cooperative development. This session proved to be highly enlightening for all participants.

  3. Presentation by the National Cooperative Movement of Malaysia (ANGKASA): ANGKASA, a prominent cooperative organization, delivered a comprehensive presentation highlighting their role in supporting cooperative growth and development. Their session provided valuable insights into the broader cooperative landscape.

  4. Development Presentation: Utilization of INFOKOOP and E-SISPRO Information Systems: An informative session focused on the utilization of INFOKOOP and E-SISPRO, key digital platforms that facilitate cooperative information management and enhance efficiency in operations. Participants gained practical knowledge on leveraging these tools effectively.

  5. Presentation & Simulation of EASY-COOP: The seminar also included a demonstration and simulation of EASY-COOP, an innovative system that simplifies cooperative management processes. Attendees were able to witness firsthand how EASY-COOP can streamline daily operations and improve cooperative governance.

  6. Regulatory Oversight Presentation: Legal Matters: The regulatory aspect of cooperatives was addressed in a session that highlighted the importance of compliance with relevant laws and regulations. Participants gained valuable insights into legal requirements and the significance of proper governance.

  7. Development Presentation: Credit Financing Facilities and Development Assistance: The seminar concluded with an informative session on financing and development assistance available for cooperatives. Participants were briefed on the various financial facilities and support programs that can aid in cooperative expansion and growth.

In conclusion, attending the “Seminar Pembangunan Koperasi Baharu Wilayah Persekutuan 2023” proved to be an enriching experience for the KOPIT delegation. The valuable knowledge shared during the seminar will undoubtedly contribute to the development and progress of KOPIT as a dynamic and forward-thinking cooperative. The event fostered collaboration, enabled networking opportunities, and showcased the commitment of KOPIT’s leadership and board members to stay updated with industry trends and best practices. KOPIT remains dedicated to leveraging this newfound knowledge to drive innovation and create impactful solutions for its members and the cooperative community as a whole.