Press Release
Zubiri: Stop Red Tape on PUV Modernization
Senate Majority Leader Juan Miguel Zubiri met with transport cooperatives in Visayas on Friday, 30 July 2021, to discuss the sector s modernization efforts, particularly the challenges they are facing in securing loans from government financial institutions.
Zubiri, who chairs the Senate Committee on Cooperatives, was a guest at the inaugural Transport Cooperative Visayas Congress in Cebu City, organized by the National Federation of Transport Cooperatives. The transport is facing a real paradigm change, in terms of PUV modernization, he said. But bureaucracy is making it unnecessarily hard for them to effectively modernize.
He expressed frustration over bureaucratic red tape faced by transport cooperatives, who are made to process time-consuming documentary requirements in order to modernize. He referred particularly to the Local Public Transportation Route Plan (LPTRP) requirement of the Development Bank of the Phili
Press Release
Cooperatives Development Officer Act Signed into Law
On Tuesday, the Palace signed into law Republic Act 11535 or the Cooperatives Development Officer Act, which amends the Local Government Code of 1991 to authorize the creation of the Cooperatives Development Officer (CDO) as a mandatory position in all local government units. This has been such a long-awaited bill by our cooperative sector, so I thank the President for signing it into law, said Senate Majority Leader Juan Miguel Zubiri, principal sponsor of the measure, and also the chairperson of the Senate Committee on Cooperatives.
This law will see to the establishment of a CDO in every province, city, and municipality across the nation, to provide on-the-ground government support to the cooperative sector.
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