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NEWS REPORTS 

POLICE REPORTS 

TAMPCO ahead on Development Plan, assets surpass P2 Billion

Ivan Wandag

Updated: May 3, 2021


Tabuk City, Kalinga- According to Tabuk Multipurpose Cooperative annual report released recently, the cooperative’s total assets surpassed 2-billion-mark last 2020 with 25.296% increase on its share capital from the previous year amidst the effects brought by pandemic.

Based on said report, this billionaire CO-OP gained P2,024,089,177.02 for its total assets and amassed P747,289,038.01 share capital on 2020 reaching the supposed target for 2024 development plan.


Acting CEO Reverend Claudio Bagano says that these statistics were achieved because of the unending support of members and efficient staff and employees of the cooperative as evidenced by the yes votes they cast during the conduct of Referendum and Consent Resolution which drew much higher than the required votes.

Services and Assistance provided by TAMPCO

Similar to the continuous growth of members are the increase of rendered services and assistance to social and community which drawn an amount of not less than 44 million pesos.


Management reported that P6,998,507.14 were allocated on Community and Members Services, P46,444.25 on Social or Medical Assistance, P6,191,1770 on Mortuary Aid Program and 638,856 on Damayan pangkalusugan.

The community members benefits include sponsored projects of partnered schools, repair and rehabilitation of irrigation canals of our farmers, “ayuda” to members, hazard pay for their employees during the lockdown caused by the pandemic, hygiene kits and sleeping mat with foam to the Tinglayan isolation units, goods to other isolation units and checkpoints, rice donations to the provincial government, wash facilities to 25 partner schools, medical missions and immune boosting for senior citizens.


Social and Medical assistance include those given to the sick members who incurred large amount during their hospital confinement and those with lifetime medication like weekly dialysis and others aside from what they get from Damayan Pangkalusugan.


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