31st March, 2010

Members praise Kopeks management for bonus payout

Buvil (third from right) and staff attending to members who turn up at Kopeks’ office in Sadong Jaya

KOTA KINABALU: After fifteen years in limbo and rudderless, the Sabah Government Employees Cooperative Society Berhad or Kopeks is reasserting its position as a trustworthy and leading cooperative society serving Sabah government employees. Its payout of bonuses to members for
the financial year 2008 received all round applause from its members.

“The steps taken by the new board and management of Kopeks augurs well for the future,” said member Tarawi Rukot, who is the deputy general manager (administration) of the Sabah Rubber Industry Board (LIGS).

He had been a member since 1981, but withdrew his membership when the Kopeks was plagued by internal strife. However, he rejoined in 2008 when it was taken over by the new management.

Datuk Maznah Abdul Ghani, deputy state secretary, is the chairman of the board while its CEO Buvil Angkui is responsible for the implementation of the policy and direction of Kopeks.

Each member was rewarded with four per cent a share and another one per cent of their accumulated membership fees.

On the bonus, Tarawi said it was a positive development from the perspective of the welfare of members as well as its business ventures. This moment had long been awaited, he added.

“The declaration of bonuses has given Kopeks a new outlook and proved that it has come out of the tunnel,” he added, praising the new management and leadership.

Tarawi further urged government employees and those engaged in government linked companies (GLC) to join Kopeks as it is now on the right footing.

Another member Besy Doniu expressed satisfaction of the performance of Kopeks which served the welfare of its members. “The credit facilities offered is very convenient as the need for a guarantor is done away with,” she said, adding that it is very practical.

“Members are given the trust of the management as they are also the shareholders of the cooperative. Therefore, the onus is on everyone to maintain proper account and credit record to avoid their credit facilities being forfeited,” she advised.

The processing of loan and credit applications can now be approved speedily if all supporting documents of the applicants are in place. The processing of the main loan, which is up to RM100,000, takes less than a week.

“I don’t regret being a member of Kopeks since the 1980’s, although I had ever thought of
resigning when Kopeks underwent a crisis,” said Besy, who is serving at the Queen Elizabeth

She praised the Kopeks management for the bonus payout, and hoped that dividends would be paid out for the financial year 2009. She had no hesitation to encourage her colleagues to join Kopeks for the many benefits.

Meanwhile, many members were seen making a beeline to the Kopeks office in the state capital to enquire about their bonuses. They also took the opportunity to get to know the functions of Kopeks and its credit facilities.

Kopeks’ office is situated at the Sadong Jaya Complex. Its membership is open to all employees in the government and its agencies as well as state and federal GLCs.

Besides applying for membership and loan applications at its counter, members can also apply online through its website at




Kopeks turun kadar faedah pinjaman kepada 5.99%

KOTA KINABALU 28 Mac – Koperasi Pekerja-Pekerja Kerajaan Sabah Berhad (Kopeks) mengambil langkah proaktif dengan menurunkan kadar faedah ke atas semua pinjamannya sebanyak satu peratus kepada 5.99 peratus berbanding 6.99 peratus sebelum ini.

Pengerusi Kopeks, Datuk Maznah Abdul Ghani berkata, penurunan kadar faedah itu bertujuan memberi peluang kepada ahli Kopeks menikmati kadar faedah baru pada nilai lebih selesa dan bersesuaian dengan keadaan ekonomi semasa.

”Diharap ini mampu menggalakkan lebih banyak penyertaan daripada kakitangan awam Sabah dan menjadikan Kopeks pilihan utama mereka,” katanya di sini semalam.

Maznah yang juga Timbalan Setiausaha Kerajaan Negeri berkata, bagi merangsangkan lagi pertumbuhan kewangannya, Kopeks turut memperkenalkan beberapa pakej pinjaman baru kepada ahlinya.

Katanya, antara pakej itu ialah pinjaman utama Kopeks dinaikkan dari RM50,000 kepada RM100,000 dan pinjaman mikro dinaikkan kepada RM3,000 berbanding RM1,200 sebelum ini.

Selain itu jelasnya, pinjaman peribadi (kecemasan) turut dinaikkan kepada RM10,000 berbanding RM3,000 sebelum ini.

”Tiada lagi penjamin diperlukan bagi setiap pinjaman melainkan rekod kredit anggota tidak memuaskan dan kakitangan awam juga boleh memohon pinjaman serta merta sejurus memohon keanggotaan tanpa menunggu tiga bulan keanggotaan seperti yang disyaratkan sebelum ini,” katanya.

Maznah berkata, penambahbaikan turut dilakukan ke atas tempoh bayaran balik pinjaman bagi nilai RM10,000 ke atas yang dipanjangkan kepada 11 tahun berbanding tujuh tahun sebelum ini.

Menurutnya, langkah itu membolehkan bayaran bulanan yang lebih rendah dan memberi peluang kepada ahli untuk memohon pinjaman lebih besar.

Katanya, yuran proses pinjaman juga telah dikurangkan kepada RM100 berbanding RM900 sebelum ini.

Sementara itu Ketua Pegawai Eksekutif Kopeks, Buvil Angkui berkata, penurunan kadar faedah pinjaman yang berkuat kuasa 22 Mac lalu merupakan kadar terendah sejak Kopeks ditubuhkan pada 1963.

“Sebelum ini kadar faedah antara enam peratus dan 6.99 peratus. Dengan kadar baru ini Kopeks memperuntukkan RM30 juta untuk modal kerja pusingan,” katanya.

Beliau menambah, penurunan itu adalah sebahagian daripada langkah transformasi Kopeks untuk meningkatkan kebajikan ekonomi anggotanya.


Daily Express
Published on: Sunday, March 21, 2010

RM327,370 bonus for 8,300 loyal Kopeks members

Kota Kinabalu: A total of 8,300 members of the Sabah Government Employees Co-operative Society Bhd (Kopeks), who stuck with the co-operative through thick and thin, were rewarded for their loyalty here, Saturday, with bonuses amounting to RM327,370.

Kopeks Chairman, Datuk Maznah Abdul Ghani, said the payout was a historical one for the co-operative as it was the first in 15 years.

She said the bonuses were paid to show appreciation for their loyalty and for believing in the co-operative’s noble struggle.

“The last dividends were paid to Kopeks members in 1996 and after that, the co-operative faced huge challenges where at one time, the businesses went downhill and continued to bear losses until 2005.

“Following this, the members took proactive measures and sought assistance from the Malaysian Co-operative Commission (previously known as Co-operative Development Department) to tackle its issues and administration of Kopeks under Section 69(2) of Co-operative Act 1993.

“Since then, Kopeks underwent a rehabilitation and transformation process, and finally, it has fully recovered.

“To show appreciation to our loyal members, we are giving out bonuses to them based on our profit performance for financial year 2008,” she said.

Maznah, who is also Deputy State Secretary, said this at the bonus payment ceremony held at the Lembah Impian Country Homes in Penampang, near here.

Malaysian Co-operative Commission Sabah Deputy Director, Joseph Tang, who represented its Director, Saiful Bahri Omar, officiated at the event.

Also present was Kopeks Chief Executive Officer Buvil Angkui.

According to Maznah, the administration of Kopeks was re-handed to the members on June 8, 2009 following its annual general meting to select the Kopeks Board of Directors.

Maznah said the co-operative had been registering a growth in income from 2007 to 2009.

“In 2007, the co-operative made a total income of RM2.6 million and the following year, it generated RM6.2 million.

“The co-operative’s total income kept growing in 2009, which stood at RM10.73 million and is expected to make a nett profit of RM4.21 million.

For this year, we have set a target to achieve a total income of RM15 million,” she said.

From 2005 up to 2009, she said Kopeks had issued loans amounting to RM107.1 million, with a total of RM48 million given out as loans to members in 2009 alone.

For this year, Maznah said Kopeks has set a target of RM50 million in loans to its members.

Apart from this, she said the co-operative will also begin its Islamic mortgage known as Ar-Rahnu through a franchise business with Bank Rakyat in three months’ time to widen the co-operative’s income base with the provision of the facility to its members and public in Sabah.

Maznah said the Kopeks membership had also grown from 7,777 members in 2006 to 9,787 this year.

“As the Chairman of Kopeks, I truly appreciate the full support of the loyal members for maintaining their memberships with Kopeks through its hard struggle and good times. Kopeks was set up by the members and because of the members, the co-operative still exists and continues to be relevant.

“In addition, the board of directors and its management will continue to bring positive changes to develop Kopeks as a co-operative that has a strong financial standing based on a two-pronged strategy.

“The first strategy is taking care of the welfare of the members as the main priority and second, developing Kopeks as a competitive and successful organisation,” she said.

Meanwhile, Malaysian Cooperative Commission Sabah Director, Saiful Bahri Omar, congratulated Kopeks for procuring a nett profit of RM1.363 million for the financial year ended Dec 31, 2008.

He said Kopeks was therefore able to pay out bonuses to its loyal members, especially those who maintained their membership through critical times when the co-operative had to be managed by an administrator.

The Commission’s Deputy Director, Joseph Tang, delivered Saiful’s speech in the ceremony.