Negros Oriental to host Philippine Cooperative TEAM Shop in October 2010

DUMAGUETE CITY, Feb. 18 (PNA) -- Hundreds of cooperatives nationwide are expected to gather in Dumaguete in October this year for the holding of the Philippine Cooperative TEAM (Together, Everyone Achieves More) Shop.

At a press conference here Wednesday, Dr. Profetiza Lim, head of the City Cooperative Development Council, announced that Gov. Emilio Macias II has already pledged to support the three-day national summit in Dumaguete with a funding of P2 million.

Lim said the TEAM Shop has been scheduled for Oct. 1 to 3, and is expected to boost local economic activity, increase tourism exposure, and showcase the province’s different cooperatives and their success stories.

Earlier, the National Cooperative Development Council and its provincial and city counterparts here had signed a memorandum of agreement with the governor on hosting the TEAM Shop this year.

Dr. Lim said she and other officials from the cooperative development councils will be visiting Butuan in early March in preparation for the TEAM Shop.

Butuan played host to the last TEAM Shop, she added.

Meanwhile, Cooperative Development Authority administrator and concurrent Region 7 director Sigfredo Buagas is reminding all cooperatives to complete their paperwork for re-registration before the March 22 deadline, otherwise they would lose their license for failure to enlist under Republic Act 9520 or the Philippine Cooperative Code of 2008.

According to the new rules, cooperatives registered under the previous law R.A. 6938 must re-register as mandated by Art. 144 of R.A. 9520 and those who fail to comply shall be deemed cancelled motu propio, said Buagas.

“Deemed cancelled motu propio” means that the legal existence and juridical personality of a cooperative is automatically terminated and all its powers, functions, rights and privileges granted to such cooperative are extinguished, the CDA said.

During the same press conference, CDA Administrator Buagas said at least 36 cooperatives in Negros Oriental have already been issued new Certificates of Registration.