KOTIBA holds 32nd AGM in Kg Salambigar

National 1 minute, 37 seconds


LOCAL cooperative Koperasi Persatuan TIBA (KOTIBA) held its 32nd annual general meeting yesterday at the multi-purpose hall of Sultan Sharif Ali Secondary School in Kg Salambigar.

Hj Rosdi Amin Dato Paduka Hj Yaakub, chairman of the board of directors of KOTIBA for the 2015-2016 period, said fuel sales at the KOTIBA petrol station in Salambigar stood at $357,732 in 2015, down 13 per cent or $52,504 from $410,236 in 2014.

Hj Rosdi Amin said the contributing factors behind the decline include inconsistency to meet a delivery schedule due to transportation issues, long queues at the filling station, pump attendants often being absent from duties and a lack of strict monitoring.

Towards this end, he added, the board of directors for the 2015-2016 period have made some efforts while also working to improve the quality of the administration of the petrol station. This included re-organising the company and strengthening the management team.

He also said the management team and new administration will act in an integrated and holistic approach as well as be responsible for KOTIBA and Persatuan TIBA.

The management will also focus on strict control of financial matters, improve its services and introduce an appreciation programme and more attractive rewards that will benefit the employees of the petrol station.

“I call on the shareholders and the villagers of Kg Salambigar and its vicinity to come forward and jointly take up the challenge to promote, expand and improve the business activities of KOTIBA,” he told the audience.

Yesterday’s event included the approval of the minutes of the 31st annual general meeting on March 8, 2015, the presentation of the annual report of KOTIBA’s board of directors and the balance sheet for the 2015 fiscal year as well as the dissolving of the old board of directors and appointment of the new board for the 2016-2017 period.

Established in 1981, the KOTIBA petrol station is currently operated by a total of 21 employees, according to the 2015 annual report.

The Brunei Times