News Flash

August 31, 2015, Monday
  • Pres. Aquino led the National Heroes’ Day commemoration at the Libingan ng mga Bayani in Taguig City. 2 hours ago |
  • Presidential Spokesperson Edwin Lacierda thanks the INC for ending its 5-day protest rally. 2 hours ago |
  • 9 killed in a collision between a multicab & a truck before dawn Monday in Tacurong City, Sultan Kudarat. 2 hours ago |
  • Pres. Aquino calls on people to unite & set aside personal interests during his message on National Heroes’ Day. 2 hours ago |
  • Bayan Muna Party-list Rep. Neri Colmenares says the right of expelled INC Minister Isaias Samson Jr. to file a complaint must be respected. 2 hours ago |
  • CIBAC Party-list Rep. Sherwin Tugna says DOJ must continue hearing the complaint of expelled INC Minister Isaias Samson Jr. 2 hours ago |
  • Fire kills 6 stay-in workers in a bakery in Taal, Batangas. 2 hours ago |
  • Clean-up of area around EDSA-Shaw Boulevard ongoing following 5 days of INC’s protest. 2 hours ago |
  • Traffic flow now moving along EDSA-Shaw Boulevard in Mandaluyong City. 2 hours ago |
  • Some INC members still trooped to DOJ early Monday morning & left only after INC’s announcement that the protest was over. 2 hours ago |
  • Commuters who were at EDSA-Mandaluyong area about 6 am Monday experienced monstrous traffic jam due to INC rally. 2 hours ago |
  • INC members rejoiced upon hearing their leaders’ announcement at about 8 am Monday that they are ending the protest. 2 hours ago |
  • LRTA says the remaining value stored in the magnetic cards can be transferred to beep cards. 2 hours ago |
  • LRT-2 removes from all its stations the gates for magnetic cards as it paves the way for beep cards. 2 hours ago |
  • Registration for 2016 polls continues in selected malls in the provinces. 2 hours ago |
  • Comelec reminds public to register for 2016 elections before deadline comes on October 31. 2 hours ago |
  • Rains forecast over Central Luzon, Bicol, Isabela, Quirino, Rizal and Quezon. 2 hours ago |
  • Possibility of the LPA near Baler, Aurora developing into a storm remote. 2 hours ago |
  • LPA located at sea 390 kms. east southeast of Baler, Aurora. 2 hours ago |
  • INC evangelist Bienvenido Santiago says INC is concluding its protest as it has reached an understanding with gov’t. 3 hours ago |
  • Iglesia ni Cristo (INC) ends its protest at EDSA-Shaw Boulevard in Mandaluyong City. 3 hours ago |

7-m strong Consla sets big event in Baguio

By MST News | Mar. 21, 2013 at 12:01am
Representatives of more than seven million members of the country’s 71 non-stock savings and loan associations are set to convene in Baguio City starting today (March 21) to re-examine their role in the economic development in the rural areas not traditionally served by regular banking institutions.

Grouped into the Confederation of Non-Stock Savings and Loan Associations , the members will hold their three-day convention at the Baguio Country Club in Baguio City.

Consla president Ricardo L. Nolasco Jr. said the guest speaker for the convention is Director Chuchi G. Fonacier of the Supervision and Examination Sub-Sector II of the Bangko Sentral ng Pilipinas.

Fonacier will deliver her speech on Friday, March 22.

According to Nolasco, this year’s 22nd convention will have for its theme “CONSLA: Katuwang sa Pag-Unlad ng Bayan at Mamamayan” that affirms the confederation’s role as a “major economic partner of the BSP in its advocacy of financial inclusion, delivering real and tangible economic relief and growth at the grassroots.”

Nolasco said that Consla  members are non-profit organizations whose primary objective is “to reduce and/or alleviate the extent of poverty by extending cheap and affordable credit to its members, who have been crowded-out from the formal banking system.”

“ In short, this is not merely an objective but a socio-economic mandate, which truly differentiates non-stock savings and loans associations from the mission and vision of traditional banks,” he added.

Nolasco, who is also the chairman of the board of the Air Materiel Wings Savings and Loan Association, Inc. (AMWSLAI), explained that CONSLA members “have always been perceived as high risk borrowers due to their relatively simple credit needs, i.e., consumption and emergency loans and inability to provide loan collaterals.”
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