Wednesday, July 29, 2015

COOP-NATCCO REP. PAEZ FOR CO-OP TAX COUNCIL





COOP-NATCCO Party List REP. CRESENTE C. PAEZ is backing the setting up of a Cooperative Tax Exemption Advisory Council (CTEAC) to help address the issues faced by cooperatives in their procedural availment of the benefits of tax exemption, as provided by law.


Rep. Paez, a third-term member of the House of Representatives, is also concurrent chairperson of the House Committee on Cooperatives Development; and Head of the House Panel of the Joint Congressional Oversight Committee on Cooperatives (JCOCC).


He made the proposal for the creation of CTEAC during the 7th JCOCC roadshow on the Amended Implementing Rules and Regulations (IRR)  of R.A. 9520, or the Cooperative Code of 2008, held last July 25, 2015 in Zamboanga City.


Earlier, the JCOCC, after more than six months of hearings and consultations with leaders of the cooperative sector, officials of the Cooperative Development Authority, and other stakeholders, promulgated the Amended IRR on March 18, 2015.  The same was published in a major newspaper on June 29, 2015 and took effect fifteen (15) days thereafter, on July 14, 2015.


"The Amended IRR is "the greatest achievement of the JCOCC among the legislative measures on cooperative development," Rep. Paez was quoted as saying.


Noting that among the most pressing concerns of cooperatives is taxation, Rep. Paez proposed the creation of CTEAC .  Cooperatives, while tax-exempt by law reportedly are finding it hard to secure their Certificate of Tax Exemption from the Bureau of Internal Revenue.


"..In the meantime that we are exerting collective efforts to advance cooperativism in our economic system, we must be wary of all forms of harrassment that the cooperative movement is facing right now," Rep. Paez was quoted to have said.


He explained that there is need to hold a separate tax forum and engage the services of tax experts, even lawyers and members of PICPA to pave the way for the creation of CTEAC.


Also, he informed that with the cooperation of CDA, tax assistance desks in CDA's Regional Offices could be set up to assist cooperatives on tax matters.


Initially, the task of the proposed CTEAC is to design and develop a Manual on How to Secure a Certificate of Tax Exemption, as guide and assistance to cooperatives, Rep. Paez added.


(From:  CDA reports, www.cda.gov.ph ) 

Monday, July 27, 2015

CO-OPS GET MBLE MINDANAO AWARDS




MASS-SPECC Coop Development Center, received in the business category, recognition during the 4th Mindanao Business Leaders and Entrepreneurs (MBLE) Awards.


MASS-SPECC was among the ten (10) winners in this category of the MBLE Awards given last July 25, 2015 at the Ayala Centrio Activity Center, Cagayan de Oro City.


Businessmen, business ventures and government agencies that made significant contribution to the development of Mindanao for the past year were among the awardees.


On the other hand, Paglaum Multipurpose Cooperative, and NARCICO of Compostela Valley, received special citations in the Cooperative Development category.  They are joined by 13 others which received special citations in their own fields.


Institutionalized since 2012, the MBLE Awards aim to to inspire leaders and entrepreneurs to seek greater heights and strive for success in the noble mission of propelling the six regions of Mindanao and its people towards full economic growth and sustainable development.

(From a News Report of Camcer Ordonez Imam, Manila Bulletin. http://www.mb.com.ph/winners-of-4th-mindanao-business-leaders-and-entrepreneurs-awards-bared/  ).

(END).

Sunday, July 26, 2015

P-NOY'S SPEECH AT 10TH CO-OP SUMMIT

Magandang maganda po talaga ang umaga.

Una sa lahat, hindi pa man pormal na nagtatapos ang summit na ito, binabati ko na kayo sa tagumpay ng pagtitipong ito.

Ang mga kooperatiba ay kasangga ng ating gobyerno sa pagtatayo ng sistemang patas at maunlad. Ikinalulugod kong makasama dito ang mga pinuno ng kooperatiba na naggaling pa sa iba't ibang bahagi ng bansa. Salamat sa inyong pakikiisa sa pagsisikap nating mapanatili ang positibong enerhiya sa ekonomiya na ating nararanasan ngayon.

Pinasasalamatan ko rin ang mga taong nagtaguyod sa pagtitipong ito, sa pangunguna ng aking tiyuhin si Butz Aquino, ang una naming Idol. Batid ko pong ginugol niya ang malaking bahagi ng kanyang buhay sa pagpapaunlad at pagtulong sa mga kooperatiba at sa kabuhayan ng mga kapuspalad nating kababayan.

Binabati din po natin ang Philippine Cooperative Center at ang Cooperative Development Authority sa kanilang pagsisikap na maging posible ang pagkikita-kita nating ito.

Patuloy po sa pag-angat ang ating ekonomiya at hindi po tayo titigil sa pagsasagawa ng mga hakbangin upang mapabuti pa ang ating nasimulan. Kabaligtaran ng naranasan natin noong nakaraang administrasyon ang nararanasan natin ngayon. Sa atin nga pong pagbisita nitong nakaraang buwan sa Estados Unidos, kabi-kabila ang ating nakuhang investment sa mga negosyante doon. Hindi po bababa sa 2.4 bilyong dolyar ang naiuwi nating pasalubong sa Pilipinas.

Matapos po ang ika-isandaang araw natin sa panunungkulan, naabot ng Stock Market natin ang pinakamataas na index na 4,245.05 noong October 7 - senyales na gumiginhawa ang ating ekonomiya. Nguni't hindi po natin dapat kalimutan na ang kaunlaran ay dapat na makamit ng marami at hindi lang iilan ang dapat makinabang.

Sama-sama po tayo. Balewale po itong mga impormasyong nabanggit ko kung hindi mararamdaman ng bawat isa, lalo na ng mahihirap nating kababayan. Nito pong nakaraang kabanata ng ating kasaysayan, nalubog po tayo sa matinding kahirapan. Sa mga panahon pong iyon, ang mga kooperatiba ang nagbigay ng pagkakataon sa mga ordinaryong mamamayan na makilahok sa pagpapatakbo at pagkita sa larangan ng enerhiya at tubig.

Ang modelo ng kooperatiba ay paraan kung saan ang mga consumer ay sila ang magiging may-ari ng mga kompanya. Naniniwala po akong nasa inyo pa rin ang malaking potensyal na makatulong sa ating tuloy-tuloy na pag-ahon sa kahirapan. Higit sa lahat, naniniwala akong ang mga kooperatiba ay katuwang ng ating gobyerno sa paglaban sa kahirapan.

Sa panahon ng panunungkulan ng dating Pangulong Corazon Aquino, naging adbokasiya niya ang "people empowerment through microfinance and cooperative-based activities." Nagbigay daan po ito sa pagpapaunlad sa kabuhayan ng marami nating kababayan. Hindi lang po natin itutuloy ito: makakaasa kayo na todo ang ating suporta sa adhikaing palakasin at palaguin ang kooperatiba (underscoring supplied).

Buo din po ang aking suporta sa mga kooperatiba noon pa mang mambabatas pa ako. Isa po tayo sa mga sumuportang amyendahan ang panukalang batas para sa mga kooperatiba. Sa pagsasaayos po ng batas ukol dito, nilinaw po natin ang depinisyon ng social auditing upang higit na matugunan ng mga kooperatiba ang kanilang tungkulin sa komunidad.

Sa rebisyon pong ito, sinusuri natin kung sa mga komunidad ba, dumarami ang trabaho at lumalago ang negosyo o palaki lang nang palaki ang inuutang mula sa deposito ng mga miyembro ng kooperatiba?

Naniniwala po akong kailangan nating tiyakin na sa atin pong ibinabahaging pondo, lahat ay makikinabang at hindi sinasarili lamang ng iilan ang mga benepisyong nakukuha mula sa mga kooperatiba. Kaya naman sa ating pagsuporta sa mga organisasyong tulad nito, babantayan natin ang mga operasyon dito para maisabuhay ang diwa ng kooperatiba - kung saan ang benepisyo ng isa ay benepisyo ng lahat.

Mandato ng mga kooperatiba na magbigay ng pantay na pagkakataon sa ating mga mamamayan na makapagnegosyo. Sa bayanihang naitataguyod sa ganitong samahan, nabibigyang-lakas ang ating mamamayan. Bilang mga kalahok sa proseso, may oportunidad silang makibahagi sa mga usapin at proyektong panlipunan na nagtataguyod sa kapakanan ng komunidad: pagsulong sa mga patubig, distribusyon ng kuryente, pagpapatayo ng imprastraktura, at pagkakaroon ng maayos na transportasyon.

Sagisag po ang kooperatiba ng ating isinusulong na demokrasya. Mayroon kayong kalayaan na iboto ang mga pinuno ninyo at magkaroon ng diskurso ukol sa mga suliranin ng komunidad na inyong pinaglilingkuran. Magtatagumpay p ang isang kooperatiba kung mapagkakatiwalaan at may malinis na hangarin ang mga pinuno nito. Kailangan din ang pakikiisa ng mga miyembro dito kaya naman napakahalaga pong maisaalang-alang ang kapakanan ng bawat isa sa kooperatiba.

Kung paano ang mga kooperatiba, ganoon din dapat ang ating gobyerno. Bilang Pangulo, mananatili pong ang mamamayan ang boss ko. Sa loob ng tatlong buwan na tayo po ay nanungkulan, wala tayong inatupag kundi ang pagresolba sa sangkaterbang problema na ating minana. Pero dahil po marami ang nakikiisa sa atin kaysa mga bumabatikos, batid ko pong nasa likod ninyo ang aking administrasyon at makakaasa kayong makikipagtulungan ang gobyerno sa pagtataguyod ng inyong mga programa.

Sisiguraduhin po natin na magkakaroon ng maayos na paraan upang tayo ay makapag-usap. Sa paraang ito, mabibigyan ng agarang solusyon ang mga problema at mapapabilis din ang pag-usad natin tungo sa pag-unlad. Itataguyod po natin ang mga programang magpapahusay pa sa inyong kakayahang magpalakad ng organisasyon. Sisiguruhin din po nating mapapanatili ang mga benepisyong nararapat na makuha ninyo sang-ayon sa batas.

Poprotektahan kayo ng gobyerno sa mga korporasyong ginagamit kayo para makaiwas lamang sa buwis. Susuportahan naming ang mga panukalang nagpapalakas sa kooperatiba upang mapanatili ang tapat na paglilingkod sa nakararami.

Umasa po kayong magiging katuwang ninyo ang ating gobyerno sa pamamagitan ng pagpapalakas sa mandato ng CDA upang mas matulungan kayo.

Umaasa akong patuloy kayong magsisikap upang makatulong sa nakararami at sa bansa sa kabuuan. Tulad ng tema ninyo ngayong taon, isusulong natin ang pagkakaisa ng mga kooperatiba bilang samahang may isang layunin at may isang patutunguhan.

Ang lakas ng isa ay lakas ng lahat. Palalakasin po natin ang mga kooperatiba bilang bahagi ng ating pagpapalakas sa ating ekonomiya. Wala pong dapat na maiwan sa pag-unlad. Isulong natin ang diwang gumagabay sa kooperatiba. Gawin nating tagumpay ng mamamayan ang tagumpay ng ating kooperatiba. Huwag kayong susuko at gawin nating matibay na pundasyon ng pag-asenso ang inyong mga samahan.

Magandang araw po sa ating lahat at mabuhay po kayo! (END)

PCC (CO-OP APEX), ON 'SONA"





In time for today's (July 27, 2015) State of the Nation Address (SONA) by Pres. Benigno Simeon C. Aquino III, the PHILIPPINE COOPERATIVE CENTER issued the following statement:


"..Whereas, the PHILIPPINE COOPERATIVE CENTER, as the unifying and transforming voice of the cooperative movement in the country, is the acknowledged Apex organization of all 24,652 registered cooperatives with more than 13 million member cooperators;


Whereas, Pres. BENIGNO SIMEON C. AQUINO III recognizes the cooperative sector as a partner of government in uplifting the lives of the Filipino people;


Whereas, the cooperative sector, in this Centennial Year of Philippine Cooperatives, continues to advance the President's Social Contract as it has generated direct employment for 520,758 Filipinos and indirect employment to 1,920,047  disadvantaged Filipinos, as well as generated nearly P600 billion in assets;


Now, therefore,  we, the PHILIPPINE COOPERATIVE CENTER,  in partnership with the COOPERATIVE DEVELOPMENT AUTHORITY, hereby reiterate our commitment to support and advance the Social Contract  with the Filipino people of His Excellency BENIGNO SIMEON C. AQUINO III, as he delivers his last State of the Union Address  today, July 27, 2015.


Witness our signatures this 27th day of July 2015, Quezon City:

HAMILCAR T. RUTAQUIO
PCC Chairperson
Tagalog Cooperative Center (TAGCODEC),
Binangonan, Rizal

PONCIANO D. PAYUYO
PCC Vice-Chairperson
Philippine Federation of Electric Cooperatives
(PALECO), Quezon City 

 ZENAIDA G. BERNALES
PCC Director
Holy Cross Savings & Credit Cooperative (HCSCC)
Valenzuela City

RODOLFO D. DALANGIN
PCC Director
National Market Vendors Confederation of
  Cooperatives (NAMVESCCO), Paco, Manila

MA. THERESA G. DRUECO
PCC Director
Novaliches Development Cooperativ
(NOVADECI), Quezon City

ALMA S. FERREROS
PCC Director
San Dionisio Credit Cooperative (SDCC)
Paranaque City

RAUL Q. MONTEMAYOR
PCC Director
National Cooperative Marketing Federation
(NCMF), Quezon City.

DORIS C. CANARES
PCC Director
Victo National Cooperative and Development
  Center (VICTO Nat'l), Cebu City

COL. REGIDOR M. DELA CRUZ (Ret.)
PCC Director
Philippine Army Finance Center Producers
  Integrated Cooperative (PAFCPIC)
Taguig City

RAYMUNDO DL. FAJARDO, JR.
PCC Director 
Federation of Cooperatives Workers 
  Organizations (FedCoWorkers, Quezon City.

ANACLETO Y. MEJARES
PCC Director
Federation of Free Farmers Cooperative
(FFFC), Quezon City

ENG'R. SYLVIA O. PARAGUYA
PCC Director
National Confederation of Cooperatives 
(NATCCO), Proj. 4, Quezon City

NORMA R. PEREYRAS
PCC Director
Tagum Cooperative (TG), Tagum City
Davao del Norte

LORETO L. RAMIRO
PCC Director
Northern Luzon Federation of Cooperatives
  and Development Center, Baguio City

CHRISTIE ROWENA C. PLANTILLA
PCC Director
Federation of People's Sustainable Development
  Cooperatives (FPSDC), Quezon City

MARLEN D. SINDAYEN
PCC Director
Novaliches Development Cooperative
(NOVADECI), Quezon City

DANIEL R. ANG
PCC Board Secretary
Federation of Cooperatives of Workers;
  Organization (FedCoWorkers), Quezon City

ELSIE ABAY-REMONTE
PCC OIC-General Manager

HON. AGAPITO A. AQUINO
PCC Chairperson Emeritus 

(END) 

 

 
 

Saturday, July 25, 2015

HURDLES TO CO-OPS' CISA COMPLIANCE





I am afraid that the status of computerization/non-computerization will be the greatest stumbling block to the compliance with the Credit Information System Act (CISA) of cooperatives with credit functions.


As we may know by now, cooperatives with lending functions are classified as "submitting entities" under CISA.  Meaning, they have to submit the database of the cooperatives' borrowers to the Credit Information Corporation (CIC), created to implement CISA.


This is for the creation and maintenance by CIC of a national, centralized credit information about all loan borrowers in the country, be they from banks, credit card companies, insurance companies (yes, even mutual benefit associations), and of course, credit cooperatives, as well as many others.


One day, I personally went to CIC.  I was told that based on the CIC-determined format, cooperatives, and all other "submitting entities" will send via Internet that database of their borrowers.  And they will be required to update, via online, such database, on a monthly basis.  Yes, you heard that right, on a monthly basis.


And there is the rub.  How many of the 7, 248 (68% of the 10,675 cooperatives who submitted mandatory reports to CDA in 2014) are computerized?  Maybe the big credit cooperatives are computerized.  Just how many are these, CDA should have the data.


Data presented during the Co-op Financial Cluster Summit held in Tagaytay City say that there are some 6.5 million member of cooperatives with savings and credit functions. There are 49 federations (48 out of 102) with savings and credit functions; there are 2 insurance cooperatives.  It was not mentioned how many cooperatives have their own mutual benefit associations (mbas), licensed by the Insurance Commission.  I guess there are 30 such MBAs, more or less.


If it is any indication, it was reported informally in a radio guesting that CDA's experience in requiring cooperatives to submit via online/internet to CDA their annual Cooperative Annual Progress Report (CAPR) netted some 8, 000 reports.  This online submission was required by CDA on April 6, 2015. And we are talking here of a field of some 24, 000 registered cooperatives.


From this figure, we can infer that less than the above number sent their reports via their office computers.  There was a transitory proviso the the CDA requirement that the cooperatives'  manual reports may be requested to be encoded and sent via CDA's computers in the extension offices.


This is not saying that cooperatives are strangers to the operation of credit bureaus.  These institutions, by the way, maintains a negative (delinquent) and positive (good) list of borrowers.  I browsed from the milestones of CIC, that in 2006 (preceding CISA of 2008), there were 12 cooperatives which operated a credit bureau based in Ozamis, in Mindanao.  And that there was one servicing the needs in the Visayas, which was operational in 2012.


Anyway,  If it is any help, and if you wish to request for a briefing on how cooperatives may comply with CISA, you may contact/coordinate with any of the following:  Mr. Manuel S. Abad, Chief Marketing Specialist of CIC. His contact info: tel. (+632) 8931971; Fax: (+632) 893-7159; Mobile: +63906-486-4977; e-mail: manny.abad@creditinfo.gov.ph

(END).


 


 

Wednesday, June 17, 2015

CO-OPS: THE INCLUSION BUSINESS





Cooperatives, as instruments of poverty alleviation, equity and social justice are well and good, as a value proposition.


To heed the call of the times, however, maybe cooperatives can be rebranded as champions of inclusion, be it social, financial, economic, or environmental inclusion.  This is the "in" thing.  The new indicator and measure of the real mission and vision of cooperatives today.


It easily projects what a cooperative as the "preferred" business model is supposed to accomplish:  a state where stakeholders, particularly those in the lower rungs of society, have an effective access to the totality of services necessary not only to exist but to realize their full potential, as well as positively contribute to the economy and society in general.


To project this repurposed message for cooperatives, we could also perhaps tweak a bit CDA's annual "Gawad Parangal" Awards.  The giving of this award is a good practice, not only to acknowledge but also to encourage the good performance of our cooperatives.


In line with our effort to upgrade the local cooperative brand, we could repurpose our awards like so: Provincial, City, Municipal Champions for Financial Inclusion; for Social Inclusion; for Economic Inclusion, Environmental Inclusion, etc.  That way, it could  strengthen the messaging for cooperatives, as champions of inclusion in general.


Cooperatives have been doing this inclusion business, like no other enterprise can.  We should own up to this idea.  I believe that we can better "sell" the concept of cooperatives in the mainstream of society this way.  Perhaps get a bigger budget for CDA; erase the mistaken notion that cooperatives are merely tax-freeloaders, etc. 

What do you think?

(END).


 

Monday, June 15, 2015

FINANCIAL REPORT FORMAT FOR CO-OPS





The Cooperative Development Authority (CDA) announced that it will finally, err, again present and discuss the Philippine Financial Reporting Format for Cooperatives, during the CDA Forum with its CDA-accredited External Auditors.


If only to know what this "thing" is and how it will affect the financial reporting of your cooperative in the near future, you must attend this CDA event, or send a concerned/appropriate representative.


This will be on July 10-11, 2015 at the Subic Travellers Hotel, Subic Freeport Zone, Subic, Olongapo.


Also invited are not only CDA-accredited external auditors, but also Certified Public Accountants, accountants, even bookkeepers of cooperatives.  That is how important it is, I think.


This Philippine Financial Reporting Format for Cooperatives has been talked about for at least 3 years, if I remember correctly.  Experts are saying that cooperatives, due to the peculiar nature of their business, concepts, and principles, among other things, do not fit in the PFRS SME, Full PFRS, or other such similar formats.  Hence, the need for a PFRFormat for Cooperatives.


If I recall correctly, the "exposure draft" of this financial reporting format was first presented and discussed during the Luzon Convergence held in San Juan City, during the time of then CDA Chairman, Dr. Emmanuel Santiaguel.


Since then, it was reported to have been finalized.  Now, CDA "treathens" to present and discuss this again, albeit now in its final stages?  Let's find out.  I mean, you find out.


Anyway, attendance has additional sweetener, other than the substantive portion of the forum itself.  It was reported that CPAs who will attend will be credited with 16 hours of training, a requirement for the issuance by CDA of accreditation to co-op external auditor.


The forum also lists the following learning opportunies, such as: how to strengthen cooperative audit system; improve financial reporting system for cooperatives; and address issues on audit for cooperatives, among other things.

For more info on how to join, pls. visit www.cda.gov.ph

(END).


Related Posts with Thumbnails