KOTA KINABALU – Parent-teacher associations are urged to play a role in ensuring school cooperatives remain active in efforts to generate income for their members, said Entrepreneur and Cooperatives Development Minister Datuk Ewon Benedick.
He has said school cooperatives can also provide exposure to entrepreneurial culture and strategies among students, such as on capital acquisition, strategic business opportunities and profit generation, thereby shaping the integrity and personal development of the students themselves.
There are currently 230 school cooperatives in Sabah contributing a total turnover of RM20.15 million, he said.
“School cooperatives also need to undergo transformation, including creating various other business activities that can stimulate the economic growth of their members. I hope school cooperatives will continue to contribute to the country’s economic income.
“The Entrepreneur and Cooperatives Development Ministry will continue to ensure that continuous efforts are strategically implemented to ensure the cooperative sector remains competitive and sustainable,” he said in a statement here today.
The statement was issued after the handover of contributions to schools in the Kedamaian state constituency and a cooperative van worth RM140,000 in conjunction with the Silver Jubilee celebrations of SMK Tambulion in Kota Belud today.
During the event, Ewon, who is Kadamaian assemblyman, also announced a contribution of RM50,000 to upgrade SMK Tambulion’s school hall facilities. – March 18, 2024