Solon wants October declared as National Cooperative Month » Manila Bulletin News

Manila Bulletin Philippines

Breaking News from the Nation's leading newspaper

Tempo

Online Newspaper

Showbiz and Celebrity News

Sports News

World News
News Asia

Solon wants October declared as National Cooperative Month

Published

By Charissa Luci-Atienza

COOP-NATCCO partylist Rep. Sabiniano Canama wants to declare the month of October of every year as the “National Cooperative Month” in the entire country, citing the significant contributions of the cooperatives to the Philippine economy.

COOP-NATCCO partylist Rep. Sabiniano Canama (17th Congress Neophytes/ MANILA BULLETIN)

COOP-NATCCO partylist Rep. Sabiniano Canama (17th Congress Neophytes/ MANILA BULLETIN)

He filed House Bill No. 5422 seeking “to raise the consciousness of the people on the principles and values of cooperatives and encourage them to join the cooperative movement.”

“Cooperatives provide assistance, trainings, and services to augment the income of their members, increase their savings and widen their investments, productivity, and purchasing power. Cooperatives also teach their members by propagating cooperative practices and introducing new ideas in business and management,” Sabiniano said.

He noted that this year, the cooperative movement in the Philippines is celebrating its 104th anniversary.

As of 2018, the number of cooperatives registered with the Cooperative Development Authority has reached 26,000 with a total membership of approximately 11 million individuals.

“Cooperatives have generated more than 580,000 employments and produced goods and services worth billions of pesos, ” Sabiniano said.

He said that on October 29, 2003, former President Gloria Macapagal Arroyo issued Proclamation No. 493, Series of 2003, declaring the month of October, 2004, and every year thereafter as Cooperative Month.

He explained that the filing of HB 5422 was aimed at giving such declaration “a more permanent status” to further encourage the wider participation of all sectors of society in nation-building through cooperativism.

HB 5422 declares the month of October of every year as the “National Cooperative Month.”

It mandates the chairperson of Cooperative Development Authority, in coordination with the cooperative development councils, national and local federations, union of cooperatives, and other agencies of the government to conduct activities and programs that promote the principles and values of cooperatives and encourage cooperative movement.

Within 60 days after the effectivity of the proposed Act, the chairperson of the CDA shall issue the implementing rules and regulations, the bill provides.

 

Related Posts