Rizal Hall, Malacañan Palace
October 17, 2018
President Rodrigo Roa Duterte served as the guest of honor and speaker as he graced the celebration of the 103rd anniversary of the Cooperative Movement in the Philippines held in Malacañan Palace.
In his speech, the President recognized the role of the cooperatives in advancing the lives of the Filipino families in the cooperative system, and its contribution to the sustainable economic growth of the nation.
“As we mark this milestone, may our cooperatives continue to demonstrate the time-honored spirit of ‘bayanihan’ by promoting a deeper sense of solidarity and cooperation among your members and beneficiaries,” he said.
President Duterte underscored the administration’s campaign against illegal drugs and curbing corruption in the government, saying that these are essential in promoting a safe and more comfortable life for Filipinos. He also urged the people to report the government’s inefficiency and alleged corruption activities to the citizens’ complaint hotline number 8888.
The Rural Credit Act or Act No. 2508, which was enacted on 5 February 1915, paved the way for the formation and development of the cooperative movement in the Philippines. Likewise, the Cooperative Development Authority (CDA) supervises and promotes the viability and growth of cooperatives as mandated by Article XII, Section 15 of the Philippine Constitution.
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