4 Bulacan cooperatives in billionaire’s bracket

Published October 4, 2018, 4:01 PM

by iManila Developer

By Freddie Velez

CITY OF MALOLOS, Bulacan – Four Bulacan cooperatives made it to the list of groups wioth at least a billion pesos in assets.

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The four billionaire cooperatives are St. Martin of Tours Development Credit Cooperative with P1.96 billion worth of assets, San Jose del Monte Savings and Credit Cooperative with P1.66 billion, Manatal Multi-Purpose Cooperative (P1.52 billion) and Ligas Kooperatiba ng Bayan sa Pagpapaunlad (P1.51 billion).

Cooperative Development Authority (CDA) Executive Director Giovanni Platero, wgo represented Chairman Orlando Ravanera, said during the opening program of the Cooperative Month at the Bulacan Capitol Gymnasium in this city on Wednesday, that cooperatives are instruments in uplifting the quality of lives of its members.

“Bilang makabagong kooperatiba, hindi lamang tayo tumatahak sa pangkabuhayang gawain, kailangang mai-transform natin ang mga kooperatiba bilang isang organization na tumatalima sa social issues at environmental concerns,” Platero said.

Bulacan Governor Wilhelmino M. Sy-Alvarado added that cooperatives balance the trade competition between the huge corporations and the small and start-up entrepreneurs.

“Ganap na pinasigla ng mga kooperatiba ang ekonomiya ng Bulacan sa pamamagitan ng pagpapalawig ng malayang kalakalan at komersyo sa lalawigan at pagbibigay ng pagkakataon sa lahat ng maliliit na mamumuhunan na kalauna’y naging integral na bahagi din ng malayang kumpetisyon sa mga merkado,” he said.

In line with the month-long celebration of Cooperative Month, which is anchored on the theme “Cooperatives: Partners for Building Resilient and Empowered Communities Towards a Better and Stronger Communities”, the 1st Central Luzon Regional Cooperative Congress on Gender and Development (GAD) and Cooperative Tax Exemption (CTE) will be held on October 16 to 17; Regional Kooplympics on October 19 and Gawad Galing Kooperatiba awarding ceremony on October 24 at the Hiyas ng Bulacan Pavilion Convention Center in this city.

 
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