House panel OKs October as Nat’l Cooperative Month

Published November 28, 2019, 11:01 AM

by Patrick Garcia

By Charissa Luci-Atienza

The House Committee on Cooperatives Development has unanimously approved a bill declaring the month of October of every year as the “National Cooperative Month” in the entire country.

On a vote of 261 to 18, the Senate and the House of Representatives decide to extend martial law in Mindanao up to December 31, 2017 in a joint, special session at the Batasang Pambansa yesterday. Inset photo shows Senate President Aquilino Pimentel III (left) and House Speaker Pantaleon Alvarez presiding over the session that lasted more than seven hours. (Jansen Romero, Alvin Kasiban)
House of the Representatives (Manila Bulletin File Photo)

The House panel, chaired by COOP-NATCCO partylist Rep. Sabiniano Canama, passed House Bill No. 5422 to recognize the valuable contributions of some 26,000 cooperatives to the economy.

Canama, principal author of the bill, urged his colleagues to support the final passage of the measure, as cooperative movement in the Philippines is celebrating its 104th anniversary this year.

“Cooperatives are significant contributors to the Philippine economy. In fact, they serve as instruments in promoting social justice and economic development. They contribute to economic growth through mobilization of savings and by providing capital. They also provide access to goods and services to the less privileged members of the society,” he stressed.

The House leader noted that cooperatives have generated more than 580,000 jobs and produced goods and services “worth billions of pesos.”

Citing the Cooperative Development Authority, Canama said there are 26,000 cooperatives with a total membership of approximately 11 million individuals, as of 2018.

HB 5422 aims “to raise the consciousness of the people on the principles and values of cooperatives and encourage them to join the cooperative movement,” Canama said.

Under the bill, Canama sought “a more permanent status” to Proclamation No. 493, Series of 2003, issued by former President Gloria Macapagal Arroyo, on October 29, 2003.

The proclamation declared the month of October 2004 and every year thereafter as Cooperative Month 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 and 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.

 
CLICK HERE TO SIGN-UP
 

YOU MAY ALSO LIKE

["news"]
[2191607,2814292,2534630,2485825,2408462,2358243,2358052,2344118,2339143,2047660,1998697,996820,995332,995948,995006,994327,994303,993947,993860,993770,993529,993383,993285,798318,2880734,2880727,2880731,2880717,2880720,2880714]

House panel OKs October as Nat’l Cooperative Month

Published November 28, 2019, 12:00 AM

by manilabulletin_admin

By Charissa Luci-Atienza

The House Committee on Cooperatives Development has unanimously approved a bill declaring the month of October of every year as the “National Cooperative Month” in the entire country.

On a vote of 261 to 18, the Senate and the House of Representatives decide to extend martial law in Mindanao up to December 31, 2017 in a joint, special session at the Batasang Pambansa yesterday. Inset photo shows Senate President Aquilino Pimentel III (left) and House Speaker Pantaleon Alvarez presiding over the session that lasted more than seven hours. (Jansen Romero, Alvin Kasiban)
House of the Representatives (Manila Bulletin File Photo)

The House panel, chaired by COOP-NATCCO partylist Rep. Sabiniano Canama, passed House Bill No. 5422 to recognize the valuable contributions of some 26,000 cooperatives to the economy.

Canama, principal author of the bill, urged his colleagues to support the final passage of the measure, as cooperative movement in the Philippines is celebrating its 104th anniversary this year.

“Cooperatives are significant contributors to the Philippine economy. In fact, they serve as instruments in promoting social justice and economic development. They contribute to economic growth through mobilization of savings and by providing capital. They also provide access to goods and services to the less privileged members of the society,” he stressed.

The House leader noted that cooperatives have generated more than 580,000 jobs and produced goods and services “worth billions of pesos.”

Citing the Cooperative Development Authority, Canama said there are 26,000 cooperatives with a total membership of approximately 11 million individuals, as of 2018.

HB 5422 aims “to raise the consciousness of the people on the principles and values of cooperatives and encourage them to join the cooperative movement,” Canama said.

Under the bill, Canama sought “a more permanent status” to Proclamation No. 493, Series of 2003, issued by former President Gloria Macapagal Arroyo, on October 29, 2003.

The proclamation declared the month of October 2004 and every year thereafter as Cooperative Month 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 and 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.

 
CLICK HERE TO SIGN-UP
 

YOU MAY ALSO LIKE

["news","news"]
[2078261,2880727,2880731,2880720,2880711,2880702,2880723]