• Millennials Own Stage at Co-op Leaders Congress

    CAGAYAN DE ORO CITY – In Filipino culture, young people are told to listen to their elders.  But at the recent 16th Co-op Leaders Congress held at the Limketkai Luxe Hotel, it was the other way around.     Millennials comprised most Read More
  • 3rd Tagum Youth Camp Fosters Bonds & Learning

    TAGUM CITY -- Seventy-eight teen-aged strangers turned friends as they participated in Tagum Coop’s Youth Laboratory 3rd Summer Youth Camp last May 4-5, 2018 at the Energy Park. The two-day-one-night camp had the theme “Bring the Change! Be the Youth Leader Read More
  • GA Pushes Integration, Technology, Youth, Enterprise

    CAGAYAN DE ORO – The NATCCO Network ended the 41st General Assembly and Leaders’ Congress on a high note, as the leadership of one of the largest co-op federations in the country pushed for integration, the use of technology to improve Read More
  • Guideco Becomes Town Center thru Pinoy Coop ATM

    Guimbal, ILOILO -- This quaint town is a coastal fourth class municipality of 33,820 people.    Its 9 kilometers of scenic shoreline has attracted tourists, an industry that supplements its citizens’ agricultural livelihood.   In April 1993, the Southern Iloilo Development Read More
  • St. Vincent Ferrer Parish MPC Wins Bagwis Award

    ODIONGAN, Romblon –  NATCCO Network member St. Vincent Ferrer Parish Multi-Purpose Cooperative recently received the Bronze DTI-Bagwis Award for the excellent operation of its retail stores.   The Department of Trade and Industry, through the award, “gives due recognition to Read More
  • Co-op Opens Gas Station in Tagbilaran City

    TAGBILARAN CITY -- The Bohol Community Multi-Purpose Cooperative which has 1,000 members inaugurated on February 27 its own gasoline station.  Jannete Romero and Melchor Daniel, BCMPC’s Manager and Chairman, respectively, led the opening of the cooperative’s Phoenix Gasoline Station, the first Read More
  • Ang Hindi Nauulingan

    May kasabihan na: “Walang humahawak ng palayok na hindi naulingan.”  Dumating ang panahon na ginamit ito patungkol sa mga taong may kinalaman sa mga usaping salapi.  Tanggap ng marami na kapag pera ang pinag-uusapan, halos lahat na lang ata ay Read More
  • CDA Issues Order For Nutriwealth to Cease & Desist

    QUEZON CITY -- The Cooperative Development Authority (CDA) has ordered Nutriwealth Multi-Purpose Cooperative (NWMPC) to 1) stop accepting deposits from members and non-members, 2) return all deposits to the depositors, and 3) stop establishing and operating satellite offices without the prior Read More
  • Kaya Payment Platform used in e-cooptrade.coop

    MALATE, MANILA -- Kaya Payment Platform is now one of the payment modes for purchases done at the website e-cooptrade.coop.  The signing of the Memorandum of Understanding by three co-op federations was one of the highlights of the ASEAN Cooperative Business Read More
  • ASEAN co-op federations to redeem agri

    MALATE, MANILA – Cooperatives all over the ASEAN region have agreed to work together to gain control of the agriculture industry.   As Amir Islam an observer from Bangladesh said: “Landless workers simply provide labor to landlords and land-owning farmers are Read More
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

CDA Gets 17% Budget Increase for 2018

The Cooperative Development Authority (CDA) budget under the 2018 General Appropriations Act signed by President Rodrigo Duterte last December 19 amounts to P503.12 Million.  
 
This is a 17% increase compared to the 2017 Budget of P430 Million.
 
CDA Executive Director Rey Elevazo broke down the amount as follows: P355 Million (71%)  for Personnel Services, P111 Million for Maintenance/Operating Expenses, and P37 Million for Capital Outlay.
 
The CDA has, for a long time, lobbied for a bigger budgetEnsuring the growth and development of the 25,000 registered cooperatives has proved to be handful for the CDA’s staff numbering less than 500.
 
The first national budget drafted completely by the Duterte administration amounts to P3.767 trillion, which is 12.4% higher than 2016. The figure represents 21.6% of the projected gross domestic product (GDP) for 2018.
 
The 2018 national budget also reveals the priorities of the Duterte administration – infrastructure, education, and the interior affairs sectors gained the most.
 
With the thrust of the Duterte Administration of “Build,Build, Build,” the Department of Public Works and Highways got the largest slice amounting to P638 Billion; followed by the Dept. of Education with P553 Billion; Dept. of Interior & Local Government P170 Billion, Dept. of Health P107 Billion, and Dept. of Agriculture P53.3 Billion. 
 
The Commission on Human Rights, which was earlier threatened with a P1,000 budget, was appropriated P696 Million.
The Office of the President, of which the CDA has been placed under, receives P6.031 Billion in 2018 Budget.
 
With reports from www.rappler.com and www.manilatimes.net
 
 

Do you have exciting events in your coop? Share it with us, and we'll feature it in our website!

Email us:
This email address is being protected from spambots. You need JavaScript enabled to view it.

Mail your Documents to:
NATCCO Network
c/o Member Relations and Networking Group
227 J.P. Rizal Street Proj.4 Quezon City 1109

For more Information:
913.70.11-15 loc.310
912.54.10 (telefax)