Wednesday, August 27, 2014
The Cooperative Development Authority (CDA) will stop accepting from cooperatives, applications for name reservation, new registration, and registration of amendment of articles of cooperation and by-laws, effective September 8, 2014.
CDA Dep. Exec. Dir. GIOVANNI PLATERO, in an announcement posted Aug. 27, 2014, said all such applications will not be accepted in all CDA offices nationwide, starting said date.
The reason: CDA will implement the migration of its cooperative data, from the existing Registration Information System (RIS), to its newly-adopted Cooperative Registration Information System (CooPRIS).
However, CDA will resume accepting applications for such transactions after September 30, 2014. (END).
Tuesday, August 26, 2014
Are cooperatives among the risk areas for money laundering /terrorism financing?
The answer to this could be inferred with the inclusion of the Cooperative Development Authority (CDA), to the ML/TF NRA (Money Laundering/Terrorism Financing National Risk Assessment) Working Group.
The Office of the President of the Philippines issued Memorandum Circular No. 64, dated June 20, 2014, creating such Group.
It called on all concerned agencies (including CDA) to fully support and actively participate in the conduct of the Money Laundering/Terrorism Financing (ML/TF) National Risk Assessment (NRA) through involvement in the ML/TF NRA Working Group.
The NRA is an organized and systematic effort to identify and evaluate the sources and methods of money laundering and terrorist financing and weaknesses in the anti-money laundering/counter-terrorist financing systems and other vulnerabilities that have an impact, either direct or indirect, on the on the country conducting the assessment, according to SEC Memorandum Circular No. 17, series of 2014.
So, there. Let's wait for the results of the study of the Working Group, to know if COOPERATIVES are at risk to money laundering activities. (END)
Monday, August 25, 2014
Tuesday, August 19, 2014
"...It will be a sin, if I will never mention the efforts of our
partners and friends - the coop leaders and advocates, who,
all throughout my 3 years and 7 months gave their all-out
support to prove that COOPERATIVISM is a tool and
vehicle for socio-economic development...".
For the whole "Farewell" message of Dr. Emmanuel M.
Santiaguel, Ph D and immediate past Chairman of the
Cooperative Development Authority (CDA), please visit
GODSPEED, DR. SANTIAGUEL !!!!
Sunday, August 17, 2014
Friday, August 8, 2014
Three (3) local cooperatives have been listed as participants to the 2014 International Summit of Cooperatives, slated on October 6-9, 2014 in Quebec, Canada.
These are NATCCO Network, MASS-SPECC, and MSU IIT National Multipurpose Cooperative, according to the list posted in the Summit's website.
NATCCO Network, and MASS-SPECC are two of the country's biggest cooperative federations, and which were reported to have agreed to merge into one.
The Summit is a biennial gathering where leaders of cooperatives and mutualists enterprises get together to discuss their concerns about the current and future business challenges they all share, according to the website information,
The Summit will unveil ground-breaking world-class studies - mainly on the 5 Summit themes- that will shed new light on innovative capacity of cooperatives and mutualistic business models.
The themes are: 1) Developing Cooperative and Mutual Enterprises; 2). Economic, Financing and Capitalization; 3). Employment; 4). Food Security; and 5). Health and Social Care Services, the website added. (END).
Thursday, August 7, 2014
Congratulations in advance to the following cooperatives, who were adjudged as "Outstanding Partners in Helping Communities Grow", by the 2014 Gawad PITAK of the Land Bank of the Philippines.
The finalist-cooperatives listed are:
* Bagumbayan Multi-Purpose Cooperative
of Llanera, Nueva Ecija.
* Barbaza Multi-Purpose Cooperative
of Barbaza, Antique.
* Baug CARP Beneficiaries Multi-Purpose Cooperative
of Magallanes, Agusan del Norte.
* Buenavista Development Cooperative
of Buenavista, Guimaras.
* Golden Group Gabay Puhunan Brotherhood
of San Fernando, Pampanga.
* Iwahori Multi-Purpose Cooperative
of Mariveles, Bataan.
* Luntian Multi-Purpose Cooperative
of Tiaong, Quezon.
* Nagkakaisang Magsasaka Agricultural Primary
of Talavera, Nueva Ecija.
* NIA Region IV Employees Multi-Purpose Cooperative
of Pila, Laguna.
* Sindangan FACOMA-Community Multi-Purpose
of Sindangan, Zamboanga del Norte.
* Socorro Empowered People's Cooperative
of Socorro, Surigao del Norte.
* Sta. Cruz Savings and Development Cooperative
of Sta. Cruz, Ilocos Sur.
* Talabutab Norte Primary Multi-Purpose Cooperative
of Gen. M. Natividad, Nueva Ecija.
* Watchlife Workers Multi-Purpose Cooperative
of Mariveles, Bataan.
Land Bank of the Philippines said it "..has been actively giving due recognition to the many cooperatives seeking new and better opportunities of sustainable development and success to the people and various communities in the countryside..".
Congratulations, you are all winners, and may your tribe continue to increase!! (END)