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Cooperative law’s IRR under review – Loren

December 11, 2009

PILI, CAMARINES SUR – SENATOR LOREN LEGARDA REVEALED TODAY THAT THE IMPLEMENTING RULES AND REGULATIONS (IRR) OF THE PHILIPPINE COOPERATIVE CODE OF 2008 (RA 9520) IS NOW BEING REVIEWED TO “FURTHER HELP COOPERATIVES IN THE COUNTRY PROVIDE BETTER SERVICES TO THEIR MEMBERS.”
Loren, chair of the Senate Committee on Cooperatives, issued the statement during the 9th general assembly of the Camarines Sur Teachers and Employees Multi-Purpose Cooperative (Castemupco).
“The review also aims to encourage the proliferation of cooperatives possibly through tax exemptions,” Loren told Castemupco members whom she lauded for their estimated equity of P1.4 million and assets of P35.7 million.
“Your cooperative has been working hard for nine years now to improve the lives of the Department of Education (DepEd) personnel in the province,” said Loren.
“You have come a long way from being a simple fundraising effort to become a true cooperative wherein you just don’t secure and provide low interest loans to teachers and DepEd personnel, but you provide hope to our workers in the education sector,” she added.
Loren told the cooperative members that she had embarked on a “new voyage” in her political life, referring to her vice presidential candidacy in next year’s elections.
She said that the country will soon see a dramatic change in government with the departure of the old and the arrival of the new administration.
Loren then proceeded to share her vision for the country under a six-point agenda to foster the following:
• A pro-people leadership centered on good governance and one that would stamp out corruption, uphold the rule of law and promote efficient delivery of public service;
• Sustainable and equitable socio-economic development propelled by agricultural and rural livelihood growth;
• Environmental protection in view of the grave economic and social consequences of climate change as seen with the devastations wrought by typhoons Ondoy, Pepeng and Santi;
• Protection of migrant workers by equipping them with proper and adequate pre-departure support and skills training, social and labor rights support and the provision of social reintegration services;
• Genuine and lasting peace as internal armed conflict for decades has drained public resources and undermanned the nation’s social fabric; and
• Restoring pride in the Filipino culture
nation’s social fabric; and
• Restoring pride in the Filipino culture