Wednesday, October 22, 2014

CONGRESS MARKS CO-OP WEEK, OCT. 27-30





Chaired by COOP-NATCCO Partylist Rep. Cresente C. Paez, the Committee on Cooperatives Development has lined up a number of activities for the 2014 Co-op Week Celebration, at the House of Representatives. 


This year's theme is "Kongreso, Kaagapay ng Kooperatiba sa Pag-asenso."


Oct. 27-

1.  Opening program, 9:30 a.m., at the North Wing Lobby.

2.  Privilege speeches by cooperative lawmakers, 4:00 p.m., 
Session Hall.

Oct. 27-30-

Showcase of Co-op Products  


Oct. 28-

1.  Microentrepreneurial training (Beads making, Urban Gardening, 9:30 a.m., North Wing Lobby.



Oct. 29-

Symposium on workers cooperatives, 2:00 p.m., North Wing Lobby.


Oct. 27-30-

1.  Product exhibits:

The following cooperatives will exhibit their products:  Sto. Rosario Multipurpose Cooperative (MPC), Lumban Marketing Cooperative, Kilos Foundation Environmental MPC,  Gintong Pangarap MPC, Cafe Amadeo Development Cooperative, Bagong Barrio MPC, Kaabay Entre Workers Cooperative, Soro Soro Ibaba MPC, LIMCOMA, Federation of Sustainable Development.


2.  Photo exhibits:

Participants are NATCCO, SIDC, Gintong Pangarap MPC, and the Cooperative Development Authority.

See you there!  

(Special thanks to Atty. Sherwin Vizconde of the Office of Rep. Cresente C. Paez, for the information contained here).  (END) 




Sunday, October 19, 2014

REP. CRESENTE PAEZ BARES CO-OP GAINS





COOP-NATCCO Party list Rep. Cresente C. Paez cited the current status of the cooperative sector, while enumerating its contribution to the country as well as the gains achieved in the recent years.


At the opening day (Oct. 16, 2014) of the 12th National Cooperative Summit, Rep. Paez delivered his "Call to Action" speech, in response to the ICA Blueprint 2020, the Cooperative Development Authority's (CDA) Vision 2020, and the Philippine Cooperative Center's 2020 Strategy.


Some excerpts are as follow:


CO-OPS BIGGER 
THAN NCR


"...If our co-ops were a Region, it would be the second largest in the country, next only to Region IV-A (CALABARZON), but bigger than NCR (National Capital Region);


P438-BILLION IN
ECONOMIC ACTIVITY 

Our co-ops, as a  business sector, represent P438-billion in economic activity, perhaps, ranking itself within the top 100 corporations.


LARGEST NUMBER
OF STOCKHOLDERS


If our co-ops were a corporate body, it would have the largest number of stockholders at 12.6-million members.


BIG, SINGLE
EMPLOYER


If our co-ops were a single employer, it would be outranking many big corporations in the country with our 259, 527 employees.


BETTER IN ETHICS
AND ACCOUNTABILITY


While big corporations made profits by the billions out of contracts with our government and of their market power with the ordinary people, we are a better model of business in ethics and accountability.


OPEN FOR BUSINESS
IN THREE DAYS


In disasters, co-ops stand together stronger.  Banks opened their branches 3 months after the Yolanda typhoon.  Our co-ops opened their offices 3 days after the typhoon to service members' deposits.


POWER GENERATORS
IN THREE DAYS


It took 2 to 3 months to restore electricity after the typhoon; co-ops installed power generators at their offices 3 days after the typhoon to service their members.


CO-OP DISASTER
RESILIENCY FUND


We now have a Disaster Resiliency Fund put up by NATCCO and VICTO National, with counterpart funds from international cooperative partners.


EMERGENCY
DEVELOPMENT EFFORT


There is now an emergency development effort among the Cebu cooperatives to showcase as a co-op business model:  1) the 1,000 hectare CacaoSugbo; 2)  FONUS Funeral Service; 3) P120-million SIDCI-NFAC Feed milling facility.


BIGGEST BANK
CONSOLIDATION


The biggest consolidation of banks that ever happened to the banking industry is the consolidation of six (6) co-op banks into a Network Consolidated Co-op Bank (NCCB) with equity from BSP/PIC, and LBP.


320,000 CHILDREN IN
FINANCIAL LITERACY


Under the Aflatoun Program, there are now 320,000 children on social and financial literacy, now making deposits with out 105 partner co-ops, amounting to P66.47-million.  These children were trained by 5,000 teachers..."  (END).  


CDA CHAIR FOR CO-OP TRAINING, AUDIT REFORMS





Compliance training for cooperative officers could be tailor fit according to the size and type of cooperatives, and not a one-size-fit-all kind.


This is among the reforms being mulled by the Cooperative Development Authority (CDA), according to its OIC-Chairman, Dr. Eulogio T. Castillo.


He announced this during a phone-patch interview during the week-end (Oct. 19) at Radyo ng Bayan's (DZRB 738 AM) "Ugnayang Kooperatiba ng Bayan sa Radyo ng Bayan".  


The program is hosted every Sunday, 1-3 p.m. by Filipino Inventors Society Producers Cooperative (FISPC), anchored by Popoy Pagayon; Rolly "Lakay" Gonzalo; and Andy Reyes, FISPC chairman, vice-chairman, and general manager, respectively.


"It is not fair that there is a common training module for both large and micro - across all types of cooperatives," Dr. Castillo remarked.


He proposed that micro and small cooperatives could be trained first on basic cooperative principles and governance, while large cooperatives should get specialized training related to their specific operations, he pointed out.


At present, cooperative leaders and officer need to complete a 12-module training program over two years, otherwise they will be barred from continuing, or from running for elective positions in their cooperative.


On the other hand, Dr. Castillo also proposed that, due to the cost of audit by certified public accountants, he said CDA is studying the possibility of micro-cooperatives being audited by their Audit and Supervisory Committees.


According to reports, failure among cooperatives to comply, among others, with the training and audit requirements have resulted in only some 46% of all registered cooperatives being issued their Certificate of Good Standing by CDA.


Moreover, of the number of cooperatives issued CGS, only some 55% of them were in turn issued Certificates of Tax Exemption (CTE) by the Bureau of Internal Revenue.  The CGS is among the documents required by BIR to issue a CTE to a cooperative. (END).
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