One of the prime-movers for the cooperation movement, Angkatan Koperasi Kebangsaan Malaysia Bhd (ANGKASA), signed a Memorandum of Understanding with Samsung Malaysia Electronics (Samsung Malaysia) to further expand its presence in the electronics retail space.
As is, the cooperation movement appeared in headlines over the last few weeks so it can be heard on matters like its support of the national economy, comments on the newly launched Madani Economic Framework, and current and new collaborations with private sector players.
For ANGKASA President, Dr Abdul Fattah Abdullah, the arrangement with Samsung Malaysia is a mark of confidence for the cooperative movement and the value it can bring to the business landscape.
He shared how the first phase of this new arrangement between ANGKASA and Samsung Malaysia will enable registered cooperative members to market and sell Samsung products via its JimatBiz eCommerce platform at a lower than suggested-retail-pricing rates.
As for the second phase, ANGKASA will become an official suppliers of Samsung products and consumers can go to the MyANGKASA platform to get any device from the Korean tech giant.
“Consumers can visit any MyANGKASA related branches or head over to our online stores to get any Samsung electronic devices. They can also choose to make payment by instalment via salary deductions,” Dr Abdul shared in a Facebook post.
The arrangement between ANGKASA and Samsung Malaysia not only reinforces efforts from ANGKASA to push to empower the cooperative and its members, but also paves the way for Samsung Malaysia to explore new and untapped market segments.
“We are very confident that this partnership with ANGKASA will be a positive step forward for both parties. Besides being excited for this cooperation, it is our hope that the Samsung brand can explore a wider market segment and continue to gain a place in the hearts of Malaysian consumers,” added Denny Kim, President, Samsung Malaysia Electronics.