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Sayang Sabah - The voice of Sabahans

KOPEKS contributes to education

Kopeks Chairperson Datuk Hajah Maznah Abdul Ghani
Kopeks Chairperson Datuk Hajah Maznah Abdul Ghani
KOTA KINABALU: Sabah Government Employees Cooperative Society Bhd (KOPEKS) recorded a collective net profit up to RM24.3 million from 2008 to 2014.
KOPEKS Chairperson Datuk Hajah Maznah Abdul Ghani said, from the profit KOPEKS has paid its dividend to its members annually, with four percent at 2008, and seven percent from 2009 to 2011.
The dividend payout has also increased to 12 percent in 2012 and 2013, which is 10 percent for share in dividend form, including a token of five and two percent for the members’ fee.
 “Dividend payout will also be done today for the year 2013 to the members from the Ministry of Infrastructure Development (KPI), Public Works Department (JKR), Ports and Harbour Department, Water Department, and several other departments under the KPI.”
 “KOPEKS total amount of dividend for 2013 is about RM934,311,” she said in her speech during the Education Incentive Presentation to Members’ Children  for those who took PMR and SPM examinations in 2013 and dividend distribution for 2013.
 Maznah said, besides providing loans for its members to renovate their houses, funding their children tertiary education, and the families’ treatment bill, KOPEKS is also aiding more than 300 government employees who are in debt or tricked by loan sharks.
 More than RM3.2 million has been allocated from KOPEKS internal funds to help the government employees with their debt issues, Maznah elaborates.
 KOPEKS also has allocated RM50,000 annually to improve its members’ welfare by giving out incentives to their children who excelled in PMR and SPM.
“About RM20,000 of cash incentive are to be distributed today to students who excel in their PMR and SPM. We believe that a corporate social responsibility (CSR) programme such as this will create awareness and increase the commitment to support the cooperatives to become a more charitable organization,” she said.
“It is important because education is an investment for the individual, family, and country development,” she explained, adding that KOPEKS will always help and support the government policy in implementing CSR.
According to Maznah, KOPEKS which was established at 1963 from a small cooperative has become the biggest credit cooperative owned by government employees in the state.
“Our loan asset in total has accumulated up to RM160 million. KOPEKS also recorded a net profit and able to pay its dividend to its members annually since 2008,” she said.
The Ceremony was also attended by Assistant Minister in the Chief Minister’s Department, Datuk Mohd Arifin Mohd Arif, along with the Director of Malaysia Cooperative Commission Department of Sabah Umar Sarim Haji Saidin, KOPEKS Chief Executive Officer (CEO) Buvil Angkui, dan the board members of KOPEKS. – SayangSabah

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