What co-op leaders can expect of Philippine economy in 2021 Banco de Oro Vice President for Investment Research & Strategy Anthony Emmanuel de Dios spoke at the NATCCO Managers’ Forum, giving the 397 co-op managers and staff in attendance a comprehensive picture of the Philippine economy in 2021:
NATCCO celebrates 44th Founding Anniversary
NATCCO celebrates 44th Founding Anniversary The National Confederation of Cooperatives (NATCCO Network) celebrates on January 23 its 44th Founding Anniversary. As advance celebration, more than 300 co-op leaders met online for the NATCCO Managers Forum where invited authorities provided their insight on the situation of the Philippine economy. NATCCO Chairperson Marlene Celo welcomed the participants, […]
Coop Sector launches Long-Term Strategic Plan
Coop Sector launches Long-Term Strategic Plan The co-op sector is serious about taking over the economy. At an online meeting on January 19, 2021 the “Coop Sector Development Plan 2030” – with a few minor revisions and polishing – was approved by the co-op leaders. The initial draft of the Plan was formally launched during […]
Human Rights in our DNA, says ICA
Human Rights in our DNA, says ICA Brussels, BELGIUM – The International Cooperative Alliance (ICA) celebrated with the rest of the world the Human Rights Day 2020 by reiterating to cooperators all over the world the Cooperative Identity – that co-ops are people-centered organizations. The celebration attended by more than sixty cooperators worldwide, emphasized that […]
TIN requirement of co-op members stays, says BIR
TIN requirement of co-op members stays, says BIR The Bureau of Internal Revenue (BIR), the Government agency for tax collection, stood pat that co-ops must submit the Tax Identification Numbers amidst calls for its repeal. In its Revenue Memorandum Circular 124-2020 issued on November 25,the BIR has made its verdict final. The RMC was in […]
Coops (and members) exempt from Documentary Stamps
Coops (and members) exempt from Documentary Stamps It is final. The Bureau of Internal Revenue (BIR) has clarified to all its personnel that co-ops need not pay for Documentary Stamps. Thanks to a “Request for Ruling” that COOP-NATCCO Partylist Rep. Sabiniano Canama filed, the BIR issued Memorandum Circular 124-2020 dated November 25, 2020. On the […]
NATCCO launches Aflatoun Manual
NATCCO launches Aflatoun Manual To help co-ops reach the youth, the NATCCO Network on December 3 formally launched the Aflatoun Manual. The document standardizes and eases the implementation of Aflatoun, NATCCO’s flagship program for the youth. Under the Aflatoun Program, primary co-operatives partner with public schools, training teachers to train kids on financial literacy. Kids […]
Cooperatives donate P5M for COVID vaccine
Cooperatives donate P5M for COVID vaccine While cooperatives all over the country are reeling from the COVID-19 Crisis and yet have complied with the Government regulations promulgated by the Cooperative Development authority and with the Bayanihan 2 Act that declared a moratorium on loan payments for all lending institutions – including cooperatives. But more importantly, […]
KAYA ATM boosts TOMVEDCO operation & reputation
KAYA ATM boosts TOMVEDCO operation & reputation Tondo, MANILA – During the COVID Crisis, the Tondo Foreshore Market Vendors Development Cooperative (TOMVEDCO), which operates in one of the poorest and densely populated areas in Metro Manila, distributed rice & food packs, provided flu and pneumonia vaccination, and fed 210 local kids nutritious meals under the […]
President Duterte recognizes cooperatives as true partners
President Duterte recognizes cooperatives as true partners President Rodrigo Duterte spoke to co-ops nationwide, recognizing them as partners in economic development. Below is the text of his speech: My warmest greetings to all cooperative organizations throughout the Philippines as we celebrate Cooperative Month this October. Since its inception, the Cooperative Movement has complemented the Government’s […]