Latest news with #RM37
Barnama
18 hours ago
- Business
- Barnama
Cooperatives Urged To Implement Digitalisation Immediately To Remain Competitive
PUTRAJAYA, June 22 (Bernama) -- Coooperatives have been urged to implement digitalisation initiatives immediately and make full use of modern technology to ensure they remain competitive. Cooperatives Commission of Malaysia chairman Datuk Ahmad Norihan Jalal said the current business environment in Malaysia was challenging and required cooperatives to use technologies such as artificial intelligence (AI) and Internet of Things (IoT). 'We cannot be complacent, the business world will continue to change and cooperatives need to ride this wave of change. If cooperatives don't adapt, they will be left behind,' he said at a media conference after attending Koperasi Sahabat Amanah Ikhtiar Malaysia Berhad's (Koop Sahabat) annual general meeting here today. Ahmad Norihan said digitalisation would speed up various process in cooperatives, from internal administration to e-commerce, and will not only boost efficiency but open up more job opportunities. 'Digital transformation in cooperatives must be seen as a long term investment. AI, IoT and digital systems aren't new things,' he added. Ahmad Norihan praised Koop Sahabat for launching an AI-based virtual support system, YATI, that was capable of giving immediate feedback and speed up access for its members, stating that the cooperative was brave in being innovative. Meanwhile Koop Sahabat chairman Mohd Najib Mohd Noor announced a dividend of 10 per cent for the 2024 financial year involving a total of RM10.5 million for 449,848 members. 'Our revenue was rather high with a profit of RM37 million, about a 140 per cent rise from the previous year,' he said, adding that the Ar-Rahnu business was the highest contributor to the cooperative's revenue, followed by investments in real estate and housing projects. -- BERNAMA
The Sun
19 hours ago
- Business
- The Sun
Cooperatives urged to embrace digital tech for growth
PUTRAJAYA: Coooperatives have been urged to implement digitalisation initiatives immediately and make full use of modern technology to ensure they remain competitive. Cooperatives Commission of Malaysia chairman Datuk Ahmad Norihan Jalal said the current business environment in Malaysia was challenging and required cooperatives to use technologies such as artificial intelligence (AI) and Internet of Things (IoT). 'We cannot be complacent, the business world will continue to change and cooperatives need to ride this wave of change. If cooperatives don't adapt, they will be left behind,' he said at a media conference after attending Koperasi Sahabat Amanah Ikhtiar Malaysia Berhad's (Koop Sahabat) annual general meeting here today. Ahmad Norihan said digitalisation would speed up various process in cooperatives, from internal administration to e-commerce, and will not only boost efficiency but open up more job opportunities. 'Digital transformation in cooperatives must be seen as a long term investment. AI, IoT and digital systems aren't new things,' he added. Ahmad Norihan praised Koop Sahabat for launching an AI-based virtual support system, YATI, that was capable of giving immediate feedback and speed up access for its members, stating that the cooperative was brave in being innovative. Meanwhile Koop Sahabat chairman Mohd Najib Mohd Noor announced a dividend of 10 per cent for the 2024 financial year involving a total of RM10.5 million for 449,848 members. 'Our revenue was rather high with a profit of RM37 million, about a 140 per cent rise from the previous year,' he said, adding that the Ar-Rahnu business was the highest contributor to the cooperative's revenue, followed by investments in real estate and housing projects.
Barnama
14-06-2025
- Business
- Barnama
Govt Allocates RM53,100 For Part-time Media Practioners' Welfare
KUALA LUMPUR, June 14 (Bernama) -- The government has allocated RM53,100 this year for two welfare initiatives for part-time media practitioners -- the extension of the Self-Employment Social Security Scheme (SKSPS) under the Social Security Organisation (Socso) and contributions to the i-Saraan scheme under the Employees Provident Fund (EPF). Communications Minister Datuk Fahmi Fadzil said that of the total amount, RM37,170 was allocated for the extension of SKSPS coverage, which benefited 531 part-time media practitioners for a period of one year last year, while the remaining RM15,930 was for i-Saraan EPF contributions. He said the initiative was implemented through the synergy between the Malaysian National News Agency (Bernama) and Socso.
Sinar Daily
05-06-2025
- Sinar Daily
Woman duped in parking lot 'lost wallet' ploy
Despite her initial skepticism, his desperate demeanor convinced her to help, only for her to discover later that she had fallen victim to a well-practiced scam. Photo illustrated by Sinar Daily SHAH ALAM – A routine outing to a popular mall in Subang Jaya turned into a wake-up call for a young woman who found herself deceived by a scammer in the mall's parking lot. After watching a movie, the woman was approached by a man claiming to be in distress, urgently needing money for a ride home after losing his car keys and wallet. Photo for illustration purpose only. - 123RF photo Despite her initial skepticism, his desperate demeanor convinced her to help, only for her to discover later that she had fallen victim to a well-practiced scam. Her story has since gone viral on Threads, with people sharing the importance of personal safety and vigilance in public spaces. "I had just finished watching a movie and was heading to my car when a local man with spectacles and messy hair approached me,' she said. The man claimed he had lost his car keys, leaving his wallet locked inside his vehicle and urgently needed RM35 for a ride via a ride-hailing app. Initially sympathetic, the woman questioned why he couldn't pay directly through his phone or transfer money to the driver. His answers included not using popular apps like Grab and instead relying on Bolt. However, his apparent distress, as he was shaking and out of breath, compelled her to help. "I thought, what if I were in his shoes? Would anyone help me? But at the same time, I also feared, what if he suddenly pulled out a knife?" she posted. The man, who identified himself as 'Singh,' provided a phone number and requested the payment via QR code. Reluctantly, the woman transferred RM37 to his account. As she sat in her car afterward, doubts crept in. Recalling a thread she had read online about parking lot scams, she cross-checked the details and realised she had been duped. 'His name and account matched the details shared in a scam alert post. That's when I knew I'd been scammed," she said. The woman advised vigilance, particularly for women in isolated areas. "Even in a busy parking lot, scams like this can happen. What if he had a weapon? I'm grateful nothing worse occurred," she said. The post quickly gained traction on social media, with many people sharing similar experiences. Some recounted encounters with individuals fitting the same description. "For me, the RM37 is gone, but I'm safe and that's what matters. Take care of yourselves and be cautious when approached by strangers," she said. Sinar Daily is currently reaching out to the police for comments on this incident. More Like This
Rakyat Post
03-06-2025
- Business
- Rakyat Post
Woman's Perseverance In Oyster Mushroom Farming Leads To RM37,000 Monthly Income
Subscribe to our FREE Mushroom farming can indeed generate significant income, as proven by a Malaysian woman who has shown that agriculture can be a high-income industry. Together with her husband, 41-year-old Jong Siew Kuen manages an oyster mushroom farm in Sarawak that now generates an impressive monthly income of RM37,500. It began five years ago with an initial investment of RM1.5 million and 60,000 mushroom cultivation blocks. After years of hard work, they've expanded their operation to 100,000 blocks, with each block yielding approximately 8,000 kg of mushrooms per harvest. Like Raising Children: The Meticulous Care Behind Mushroom Cultivation The business, operated under the company name Perfect 10 Fresh Mushrooms, is managed with the assistance of five employees who help with daily operations. Jong revealed that her deep interest in oyster mushroom cultivation, combined with the mushrooms' high protein content and health benefits, motivated her to enter this field. This isn't some amateur hour hobby, Jong said, shooting down any notion that mushroom cultivation is a walk in the park. When she compares growing these fungi to raising kids, she's not being cute – she's dead serious about the round-the-clock attention these organisms demand, treating each cultivation block with the same vigilance a protective parent gives their children. From Crisis to Comeback: Overcoming a RM130K Setback Despite their current stable operations, they've faced significant challenges. In 2022, their farm suffered a bacterial infection that destroyed all their mushroom crops, resulting in a loss of RM130,000. Yet, like the very mushrooms they cultivate, they proved that sometimes the best growth comes after a period of breakdown – rebuilding their enterprise from scratch to become one of Sarawak's most inspiring agricultural comeback stories. Today, their company not only supplies oyster mushrooms to local markets in Bintulu and Miri but has also successfully entered the international market by exporting to Brunei, demonstrating the international competitiveness of local agricultural products. READ MORE : READ MORE : READ MORE : Adapted from an article by Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.
