BERNAMA filepic
KUALA LUMPUR: A Bill for the new Cooperatives Act, set to replace the Cooperative Societies Act 1993, is expected to be tabled in Parliament next year.
Entrepreneur and Cooperatives Development Minister Datuk Ewon Benedick (pic) said the drafting process involving all stakeholders, including the country's 16,000 cooperatives, is now at the engagement session stage with target groups.
"The policy-making stage (involves) officers, target groups and several stakeholders and I have asked that this discussion also includes the cooperative movement.
"I aim to present the draft policy to the Cabinet by the end of this year, at the latest, while we plan to bring the comprehensive draft to Parliament next year,” he said here Wednesday (Dec 4) night.
Earlier, he officiated at the Rubber Park @KLCC project at the grounds of Kompleks Bangunan Getah Asli here.
The event was also by Koperasi Lembaga Getah Malaysia Berhad (Kopget) chairman Muhd Fandy Zainal Abidin.
The media had earlier quoted Benedick as saying that 96 original provisions in the existing Act would be restructured and improved and an estimated 200 new amendments (provisions) would be included in the new Bill.
On the Rubber Park @KLCC project, Benedick said it would add complementary commercial value to tourism activities around the Jalan Ampang intersection and surrounding areas.
He said the project was implemented by the cooperative movement to meet local requirements in this Golden Triangle area.
"Kuala Lumpur has always been a key attraction, especially for tourists, and I'm confident that Rubber Park @KLCC will be the talk among city dwellers as the place to unwind,” he said, adding that he hopes the project will become "a must-visit place in Kuala Lumpur”.
Rubber Park @KLCC features various business units, including a sports rehabilitation and physiotherapy clinic, convenience stores, food outlets and souvenir shops around KLCC.
The project was developed through a strategic collaboration between Koperasi Profesional Putrajaya Berhad (Koprojaya) and Kopget. – Bernama
