Saturday, March 10, 2007

Pichay vows cooperative revolution in the Visayas

Jun Ariolo N. Aguirre
Cebu City- Team Unity senatoriable Prospero Pichay Jr vowed to revolutionize the spirit of cooperativism in Visayas region after sectors of cooperative in three Visayas regions (VI, VII and VIII) vowed to support his candidacy.

In an interview, Glen Pichay Plaza, the senatoriable's political coordinator in the Visayas region he said that Pichay met with cooperative officiials in their regional conferences both in Western and Central Visayas and they all agreed to support Pichay after he expressed support in answering the sentiments of the cooperatives.

"Among those concerns raised were the possible adding of the capping rates from P10 million to higher amount on the tax exemption to be provided to cooperatives," Plaza said.

Cooperatives reportedly wanted Pichay to review the pending bills in Congress nine years ago on the proposal and that the P10 million cap for tax exemption is so small amount this days.

"We understand that the cooperatives could not anymore generate revenue because of the increasing prices of commodities and that their operation would surely paralized if the government ask for taxes if they reached P10 million in capital," he said.

It was learned that this was the gist of the consultations of Pichay among Visayas cooperatives. He was in Iloilo for regional cooperative convention last week and is expected to visit Tagbilaran City (region VIII) sometime this week.

Meanwhile, the Pichay campaign trail is expecting to be at the top 14 or 16th rank as soon as the campaign for local election would start on April 1.

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