Three cooperatives receive COVID-19 assistance

Three cooperatives received financial assistance amounting to RM3 million from the Cooperative Commission of Malaysia yesterday.

The assistance is for the rehabilitation of cooperatives adversely affected by the COVID-19 pandemic.

They are Koperasi Sawah Sempadan Tanjung Karang Berhad, Koperasi Jabatan Penjara Malaysia and Koperasi Permodalan Felda Malaysia Berhad, that received assistance of RM1 million each.

The contributions were presented by Entrepreneur Development and Cooperatives Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar during the opening ceremony of the Malakat Mall here yesterday.

In his speech, Wan Junaidi said cooperatives with financial capability should take the opportunity to increase ownership of shares that are currently at low prices due to the COVID-19 pandemic.

--BERNAMA