Improving business a focus of National Cooperatives Congress

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KUALA LUMPUR: Improving the competitiveness of the cooperative business will be one of four main areas of focus at the National Cooperatives Congress ...

: Improving the competitiveness of the cooperative business will be one of four main areas of focus at the National Cooperatives Congress 2024 over two days from today.

“We want to achieve recognition for the cooperative movement as a business entity so that cooperatives can enjoy incentives similar to those given by the government to small and medium enterprises . “This is among our suggestions, including increasing funds, providing budgets for development, and exploring other tax incentives that can be given to cooperatives to align them with SMEs,” he said.

He added that the cooperative movement also seeks access to unlimited capital and to eliminate bureaucratic red tape.

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