Archive for the ‘Cooperative’ Category

Aurea Calica
Philippine Star
The Senate has passed on third reading the amendments to the Cooperative Code that would reform and modernize at least 74,809 operational cooperatives in the country.
Sen. Juan Miguel Zubiri, chair of the Senate committee on cooperatives, said the amendments will make it easier for people with similar needs or “common bonds of interest” [...]

Iris C. Gonzales
Philippine Star
Malacañang has instructed Finance Secretary Margarito Teves to look into the possibility of lowering the current interest rate for loans granted by the Land Bank of the Philippines to cooperatives.
In a memorandum to Teves, Cabinet Secretary Ricardo Saludo said the DOF is instructed to: “review the possibility of lowering the current interest [...]