Wednesday, November 13, 2013


I see it as a good omen.  

That is for the proposed charter amendment of the Cooperative Development Authority to really get going.

One such indicator that both the House of Representatives and the Senate are on the ball, as far as tackling the said proposed amendment, is the scheduled  joint meeting on Nov. 21, 2013 of the Senate Committee on Cooperatives, the House Committee on Cooperatives Development, and the Senate Committee on Civil Service and Government Reorganization, and Finance.

According to the schedule of Senate Committee hearings, this will happen starting 10:00 a.m. at the Sen. Lorenzo M. Tanada Room, 2nd Floor, Senate of the Philippines, GSIS Complex, Pasay City.

Up in the agenda are the Senate bills (SBN 89, SBN 263, SBN 424) and the House of the Representatives' bills, pertaining to the repeal/amendment of R.A. 6939 (which created CDA).

There is no doubt about the need to strengthen the Cooperative Development Authority.  To my mind, CDA should be the Bangko Sentral ng Pilipinas, as far as promoting the development, and supervising cooperatives are concerned.

Cooperatives with more than 20,000 registered under the CDA pursuant to the Philippine Cooperative Code of 2008 (R.A. 9520), is the "financial system" for the sector unserved/underserved by the formal banking system.

We join the cooperative sector in wishing that the much-awaited strengthening of CDA will come to pass...soon.  (END).


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