TIM eMagazine Volume 2 Issue 6 | Page 4

Publisher’s Note Cooperativism: a wake up call for other sectors C ooperatives have done their part in transforming the dismal conditions of poverty into possibilities for reforms and economic growth opportunities, the improvement of incomes and uplifting the well-being among its stakeholders. Aside from these plus points, cooperatives have also proven their mettle in social responsibility, extending their helping hands and hearts to assist in improving the lives of marginalized sectors like minorities and PWDs, as well as communities in which they serve. Yes, they even do their part in helping reduce the effects of climate change. The Philippines alone has 14 million members of cooperatives, and this continues to grow. The Cooperative Development Authority (CDA) closely coordinates with the private entity the Philippine Cooperative Centre (PCC) which is the apex organization of the movement in helping advocate cooper- ativism as a pragmatic and holistic approach to combat poverty while instilling the concept of social entrepreneurship at the same time. With the hosting of the ASEAN Cooperative Development Meet last September 6 and 7 at the Pan Pacific Hotel Manila, such event levels up the role of Philippine cooperatives in the Sustainable Development Goals (SDG) of the United Nations while helping tap its very good growth prospects in a strong, unified market like ASEAN.  So much have been said about the virtues of cooperatives in transforming lives and societies. The growth of the movement in the Philippines as well as the ASEAN Coop Development Meet can truly be a wake-up call for other sectors such as seafarers and OFWs to consider cooperativism as their means to transform themselves and their loved ones from a life of uncertainties into a future with great growth opportunities.  In a world where socio-economic reforms are abundant, the spirit of cooperativism will redefine the concept of 'Owning Among Stakeholders Is The New Sharing For Everyone' into greater heights. PHILIP O. ORTALEZA Related Stories . . . 56th PAFT Convention, a great opportunity to highlight role of cooperatives . . . pp 62 Cooperatives’ contributions to PHL lauded at ASEAN Dev’t Meet . . .pp 64 4