Presidential Communications Operations Office

  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Sunday, 9 August 2020 News Before 1 Feb 2012. Click for Latest
Web PIA  
 << August 2020 >> 
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31
Special News Editions:
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
PIA Archive News Reader

PIA Press Release

Cooperative Code needs strong national push coop expert

Iloilo City (20 February) -- The Cooperative Code of 2008 or Republic Act (RA) 9520 needs strong push from the national government so that cooperatives in the Philippines can serve social justice and sustainable economic development.

Iloilo Provincial Cooperative Officer detailed as Community Affairs Officer Jerry Bionat said that in addition to a new set of guidelines embodied in the Cooperative Code is an actual national program that can change people's traditional attitude and concept about cooperativism.

"We hope we can make the people understand that a cooperative is more than a 'sari-sari store'," Bionat said.

With the new code, Bionat said, there is need for the provision of better qualified personnel and ample financial subsidies from government to help in the initial formation as well as upgrading of cooperatives in the country.

Bionat, who has traveled extensively and observed a lot of cooperatives in Asia, said that the Philippine government's thrust on cooperatives development can succeed with the development of discipline and stronger sense of responsibility among members.

RA 9552 signed recently by President Gloria Arroyo seeks to give cooperatives wider opportunities to serve their members, not only financially, but also in undertaking more productive activities geared toward the upliftment of its members.

Bionat said the struggling state of many of the more than 70,000 cooperatives in the country makes them a social and economic problem to be solved, which the government is now trying to address with the new code.

The new cooperative code particularly details the requirements in professionalizing the management and operation of cooperatives.

It also provides monitoring and evaluation tool for the cooperatives to assess their managerial, financial performance and attainment of their social objectives. (ESS/PIA6) [top]

|«  prev  next  »|
»NSO 8 bares results of 2006 census of RP business and industry
»Fish caging ventures in Samal City hailed a great success
»Recto lauds PhilHealth's move to help members
»PGMA hands over assistance to crisis-affected OFWs
»P1.134-B infra project to stir development in Samar's first district
»No classes on February 23 to mark EDSA People Power Revolt - PGMA
»There is retrieval plan for abandoned logs in Samar, DENR says
»500,000 jobs await jobseekers at DPWH simultaneous job fairs on February 23
»PGMA to inspect Zambo island town's zero-waste program
»Waray-Waray News: PGMA nanawagan hin pagkaurusa ha mga mayor han syudad para maibanan an pagkukure ha ekonomiya
|«  prev  next  »|

Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
For comments and feedback, please email PIA Newsdesk
Copyright © 2005 Philippine Information Agency
PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines