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Senate panel holds CDA budget over lapses in transport co-op backing

Business Mirror LogoBusiness Mirror20h ago

Senate panel holds CDA budget over lapses in transport co-op backing - Business Mirror

Quick Summary:

THE Senate Finance subcommittee reviewing the proposed 2025 budget of the Cooperatives Development Authority (CDA) has refused to endorse the measure for plenary consideration, citing key concerns, including the very weak support for the "extremely hard-hit sector” in transportation, who are being compelled to join cooperatives under the modernization program.

Saying they needed to do a “benefits selling,” the senator asked officials to simply state, “what’s in it for them? ” if the transport workers join cooperatives.

She said she needed a clearer report because “many of my colleagues” have continuing serious concerns about the modernization program, which majority of senators have sought to be suspended in an earlier “sense of the Senate” resolution, given so many loose ends.


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Article Details

Author / Journalist: Butch Fernandez

Category: BusinessStartups

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-30 @ 20:46:26 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 793 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22809400

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About Business Mirror

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 36 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 15 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #37

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