Kuala Lumpur: Angkatan Koperasi Kebangsaan Malaysia Bhd (ANGKASA) expects to achieve its long-term revenue target of RM73 billion by year-end, five years ahead of the 2030 goal set under the Malaysian Cooperative Policy (DAKOM). Its president Datuk Seri Dr Abdul Fattah Abdullah attributed the upbeat forecast to steady annual growth of around RM5 billion, buoyed by broader economic expansion and a range of government-backed initiatives aimed at strengthening the sector.

According to BERNAMA News Agency, Abdul Fattah noted that the government has introduced various programmes to energise cooperative businesses, which have had a direct impact on revenue. He made these remarks at the ANGKASA Terengganu Cooperative Appreciation Ceremony 2025. Key figures present at the event included the Terengganu Cooperative Commission director Awang Ruslli Mohammad and ANGKASA Terengganu chairman Mohamed Yusoff.

A major driver behind the momentum is the MADANI Rahmah Sales Programme. Last year, the government allocated RM2 million to support 200 ANGKASA-linked cooperatives under the initiative. That funding has since grown to RM10 million, benefiting 444 cooperatives this year, further supporting the growth trajectory.

Looking ahead, Abdul Fattah revealed that ANGKASA aims to establish 400 new mosque-based cooperatives in 2025, adding to the 600 currently in operation. These grassroots initiatives are intended to boost local economic participation and self-reliance, indicating a strategic focus on community empowerment.

Another significant factor contributing to revenue growth is the increased cooperative engagement in food production and retail. Abdul Fattah stated that ANGKASA has modernised 3,500 grocery stores through digital upgrades and is encouraging the creation of new community-based retail cooperatives. Each participating cooperative will have access to at least RM10,000 in revolving credit, aiding their operational efficiency.

In summary, ANGKASA is focused on building a stronger, more resilient network of community-focused cooperatives that can meet both local needs and national economic objectives, setting a robust foundation for sustainable growth.