How much revenue did the cooperative generate for UKM since 2017?

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The cooperative has generated RM90.56 million in revenue since 2017.

Koperasi Siswazah Bangi Bhd (KSBB), also known as Koperasi B-5-1788, has reported generating RM90.56 million in revenue since its partnership with Universiti Kebangsaan Malaysia (UKM) began in 2017. This figure was provided by the manager of KSBB, Muhammad Hafiz Md Saad. The revenue is associated with the Master of Education (SPEND) and Postgraduate Diploma in Education (DPLI) programmes offered by the university.
Revenue Generation by KSBB

The partnership between UKM and KSBB was initiated in 2017, with KSBB acting as an intermediary for fee collection. Over the years, this arrangement has led to a substantial revenue generation of RM90.56 million. The payments for these postgraduate programmes originated from the National Higher Education Fund Corporation (PTPTN) and the Employees’ Provident Fund (EPF).
Financial Discrepancies Identified

An Auditor-General's Report for 1/2026 concerning the 2024 Federal Agencies' Financial Statements highlighted issues with UKM's financial practices. The report indicated that the university was shortchanged by approximately RM50 million due to the cooperative's involvement in fee collection. This suggests that while KSBB generated significant revenue, the university did not receive the full amount it was due.
Shift to Direct Fee Collection

In response to the findings, UKM has begun to phase out its reliance on KSBB for fee collection. The university has been implementing a staged approach to collect fees directly from students since last year. This change aims to ensure that the university manages its financial transactions more directly, avoiding potential discrepancies and ensuring all collected fees are accounted for by the institution.

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How much revenue did the cooperative generate for UKM since 2017?

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