Category Archives: Corporate & Investments

Primer on the Price Act (Republic Act No. 7581, as amended by R.A. 10623)

The Price Act (Republic Act No. 7581, as amended by R.A. 10623) fleshes out the policy of the Philippines to ensure the availability of basic necessities and prime commodities at reasonable prices at all times without denying legitimate business a fair return on investment, as well as the policy to provide effective and sufficient protection to consumers against hoarding, profiteering and cartels with respect to the supply, distribution, marketing and pricing of said goods, especially during periods of calamity, emergency, widespread illegal price manipulation and other similar situations.

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How to Start/Register a Cooperative in the Philippines

As a juridical entity, a cooperative is similar to a corporation. However, while corporations are registered and supervised by the Securities and Exchange Commission (SEC), cooperatives are registered and supervised by the Cooperative Development Authority (CDA). This is pursuant to the Philippine Cooperative Code of 2008 (Republic Act No. 9520). [See also Introduction to cooperatives]

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