Today's Top Stories

  • Stalling of teen pregnancy bills to have dire effect: POPCOM

    Stalling of teen pregnancy bills to have dire effect: POPCOM

    The Commission on Population and Development (POPCOM) said that the fate and the future of more than 60,000 young girls have been left in a precarious state, as the leadership of the Senate decided to delay the discussions on Senate Bill (SB) No. 1334, or the proposed “Prevention of Adolescent Pregnancy Act,” which seeks to fully and appropriately address the alarming prevalence of teenage pregnancies nationwide.   “We need to address minor parents’ lack of access to family planning services,” Undersecretary Juan Antonio Perez III, MD, MPH asserted. “POPCOM believes it is high time for our lawmakers to acknowledge the glaring fact that the numbers of minors who are becoming vulnerable to social and economic pressures, on top of their health needs, are escalating yearly.” Perez said that if passed into law, SB 1334 will greatly benefit minor girls who are already mothers and those who are currently conceiving, as it will enable their unimpeded access to reproductive health programs, as well as age- and development-appropriate education and information on sexual health and family planning. POPCOM’s executive director said that the government agency has been relentlessly campaigning with policymakers, including Senator Ana Theresia “Risa” N. Hontiveros —principal sponsor of SB 1334—to address the needs of an increasing number of minors who have been giving birth since 2013. This, despite the hampered implementation of the Supreme Court (SC)’s ruling in April 2014 of the implementation of Republic Act No. 10354, or the Responsible Parenthood and Reproductive Health (RPRH) Law, which was declared as “not unconstitutional.”  The SC ruling, however, struck down a part of the RPRH Law which would provide access to family planning services to minors below 18 or young girls who are already mothers or are currently pregnant, as it declared that it is the role of their parents to give consent to the adolescents’ use of artificial or natural methods of contraception. The number of adolescents who gave birth have increased, “with only a marginal decline,” according to Perez, “because of various efforts in-place, which still require broader policy support—including budget and resources.” In 2018, the Philippine Statistics Authority reported that the country had 62,341 minors who delivered babies—counting those with repeated pregnancies. That same year, former Socioeconomic Planning Secretary Ernesto Pernia sounded the alarm on the glaring incidences of teenage pregnancy, which he said had already reached a level of being a “national social emergency.” The National Economic and Development Authority even cited the occurrence as “a drag on the Philippines’ economic growth,” as it has identified existing evidence on social and economic impact. Perez explained that with this national social emergency, POPCOM is extending support to comprehensive sexuality education, or CSE. This ensures that public and private schools, as avenues for development, will provide young people a supportive environment where they have access to age- and development-appropriate information on responsible parenthood and reproductive health, as stated in Rule 11 of the Implementing Rules and Regulations of the RPRH Law.  “The public, as well as our solons, should now be cognizant of the fact that families started by minors year-in and year-out, especially the young mothers who have experienced repeat pregnancies, are the real beneficiaries of the RPRH Law,” the POPCOM chief explained. “It will be further complemented and supported by SB No. 1334 if eventually enacted, as both will provide necessary protection to our young mothers who now have become among those most vulnerable in Philippine society.”

    September 24, 2020

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  • Oro transport coop eyes ‘cashless transactions’

    Oro transport coop eyes ‘cashless transactions’

    A CAGAYAN de Oro City based transport cooperative is bracing for a “cashless transaction” as the Land Transportation Office (LTO) in Manila recently implemented the “No Card, No Ride” rule.      Dante Sudaria, Chairman of the Mindanao Daily Express Transport Cooperative (MINDEX), a Cagayan De Oro-based transport cooperative, said that MINDEX is ready to implement the LTO’s cashless transaction here.      Sudaria said that the cashless transaction, also known as the “Automatic Fare Collection System..(AFCS)” scheme, is part of the package of the transport modernization program, scheduled for full implementation in 2021.      “The MINDEX transport cooperative is now consolidating its 160 plus jeepney units for some seven routes in Cagayan De Oro City,” Sudaria said.      He said that the MINDEX transport cooperative is allocating 15 modernization-compliant vehicles in each of the initial seven routes plying in urban and sub-urban centers in Cagayan De Oro City.      A top official of the Office of Transportation Cooperatives (OTC) also lauded the implementation of 100 percent “cashless transactions” by modernization-compliant vehicles of two transport cooperatives.      Eugene M. Pabualan, the OTC Executive Director, said that the cashless transaction provides ease for both the drivers and commuters as part of the Public Utility Vehicle Modernization Program (PUVMP) to overhaul the uncomfortable system.      Pabualan cited the South Metro Transport Cooperative (SMTC) and Libra Jeepney Operator Transport Cooperative (LJOTC) in Manila for successfully enforcing the “No Card, No Ride” rule to passengers availing public transport rides.      The drivers of transport cooperative offer “green cards” to passengers, each card costing P 30.00 to P 40.00.  The passenger could also buy and reload the green card in the cooperatives’ terminals, designated as drop off points.

    September 23, 2020

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Mindanao Daily News

Trucks dealer NZH International expands to Mindanao

July 27, 2020

Motoring

By: Mark Francisco, QUEZON City-based NZH International Vehicle & Machinery, Inc. has established its first branch outside Luzon right here in Cagayan de Oro City. NZH Mindanao was inaugurated last Saturday (July 18) in its premises at the heart of the city particularly at Cugman Highway. It is now the fourth branch of the ever growing NZH International Vehicle & Machinery, Inc. which has maintained two more branches in the northern part of the country outside of its flagship dealership in Quezon City. According to NZH International Vehicle & Machinery, Inc. national sales director Robin Lu, they chose Cagayan de Oro as their stepping stone in other parts of the Philippines even in this time of pandemic since the government here has managed the COVID-19 crisis well so as to steer the economy as well. In the words of Maybelle Quilnat of NZH Mindanao herself, she opined that the administration of Mayor Oscar Moreno has recognized the continuing relevance of supply providers such as their business in keeping the economy float and at the same time managing the coronavirus pandemic. At the same time, Quilnat also said that NZH International Vehicle & Machinery, Inc. ventured into the Mindanao market particularly here in Cagayan de Oro City since it is the gateway to the northern part of the island. Quilnat said that industry vehicle providers such as their company are essential especially at this time of the pandemic to keep the movement of supplies stable. NZH Mindanao has a wide range of Shacman dumptrucks, transit mixers, tractor heads, wing vans and cargo trucks. She said that these are used in construction, freight forwarding, aggregates trucking and mining, among others. “Even during the time of pandemic, they continue to operate.” For his part, Moreno expressed his gratitude to NZH International Vehicle & Machinery, Inc. for putting their investments in Cagayan de Oro City in the midst of these trying times, saying they are not just helping to buoy up the economy but their transport conveyances are essential in all sectors. At present, Shacman heavy duty trucks are sold in more than 90 countries, the export and export volume ranking in the leading position of the industry, providing a full range of logistics solutions. Indeed it is here in the Philippines. Lu said the trend of the trucking industry in the country is for the logistics and construction sectors to buy durable equipment over less expensive but unworthy ones. He assured potential clients that NZH International Vehicle & Machinery, Inc. excels in after-sales service in all its dealerships nationwide.

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Toyota Motor Philippines Online E-Sports program – GR Supra GT Cup Asia – Philippines

June 15, 2020

Motoring

By: , This move was brought about by the latest situation where safety is of highest concern to everyone and mass gatherings like physical races are foreseen to be limited in the coming months. “Safety of our customers, employees, and fans are always at the top of our priority,” expressed TMP President Atsuhiro Okamoto.  “But we also recognize the value of waku-doki spirit in everyone!  This is a great way to sustain the excitement of motorsports program in the Philippines in a safe environment.” The GR Supra GT Cup Asia – Philippines, an e-racing event under Toyota’s Gazoo Racing motorsports program, will be fully held online and will be open to the public, ages 18 and above.  “Finally, Toyota fans can participate in our sports program at the comfort and safety of their own homes.  We also expect this activity to reach a wider and younger audience, based on the profile of gamers.”  The online e-race, using Toyota’s legendary sports car icon, the GR Supra, is expected to start in July 2020.  Winners of the e-race will get a chance to participate in the regional finals, the GR Supra GT Cup – Asia. E-Sports in the Philippines have grown in popularity over the years. The addition of E-sports programs in various international competitions, producing Filipino medalists, have further legitimized the sport. The GR Supra GT Cup Asia – Philippines is Toyota’s fun and safe alternative to holding the country’s number one motorsports program, The Vios Racing Festival. Usually held in 3 legs from the second to the fourth quarter, the current situation makes it very challenging for Toyota, the racings teams, the drivers, and public spectators to do this physical event. “We look forward to a better 2021 Vios Racing Festival Season where we can go back to the tracks again and feel the heat and excitement.  But for now, we invite everyone to join the GR Supra GT Cup Asia E-Sports Program,” Okamoto concluded. More details of the GR Supra GT Cup Asia – Philippines will be announced soon.  Stay tuned at Toyota.com.ph and facebook/ToyotaMotorPhilippines to get updates.

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Hino Reopens Dealerships Nationwide

June 15, 2020

Motoring

By: , Hino Motors Philippines, the exclusive distributor of Hino trucks and buses in the country, recently reopened its doors to Filipinos as the national quarantine guidelines eased up. All of Hino’s 21 dealerships nationwide are back in operations. With the majority of the country now in General Community Quarantine (GCQ), Modified GCQ (MGCQ) and many business establishments are already reopening, Hino resumes operations to help the economy recuperate from the hit it took from the COVID-19 pandemic. Hino’s reopening of its dealerships is in line with the provisions and guidelines of community quarantine on each area. To ensure the health and safety of its customers, workers and partners, Hino observes strict cleanliness and health protocols such as the regular checking of temperature. All dealerships nationwide will undergo regular and thorough sanitization to maintain a safe and clean environment. Those entering the dealerships are required to hand sanitize with alcohol and to keep their face masks on during their entire stay inside. In compliance with physical distancing guidelines, only a limited number of customers will be allowed at a time. Hino will also be stringent in limiting human contact for all customer transactions. Hino has 21 3S dealerships across Metro Manila and key provincial cities. Below is the list of operational Hino 3S dealerships: NCR: Hino Balintawak Hino J. Abad Santos Hino U.N. Avenue Hino Pasig Hino Paranaque Luzon: Hino Isabela Hino Nueva Ecija Hino Pampanga Hino Carmona Hino Laguna Hino Batangas Hino Naga   Visayas: Hino Leyte Hino Panay Hino Negros Hino Cebu Hino Mandaue   Mindanao: Hino Butuan Hino Cagayan de Oro Hino Davao Hino Gen. Santos To access Hino’s full list of dealership centers and contact numbers, customers may refer to this link. More announcements are updated in Hino’s official website and social media pages on Facebook and Twitter.

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The New Normal of Personal Mobility

June 15, 2020

Motoring

By: , The COVID-19 Pandemic has disrupted almost every aspect in people’s lives, as well as, the global economy.  With that, a “new normal” that requires maintaining physical distancing and safe hygienic practices has been established by the government. Although the Philippines was placed under Enhanced Community Quarantine since March 17, the government recently announced new guidelines to gradually ease the lockdown and slowly open up the economy starting May 16, moving the NCR to a Modified Enhanced Community Quarantine (MECQ).  With the shift in status, still, mobility will remain limited, particularly public transportation, due to government measures to limit the virus from further spreading. According to an article by Moovit, the world experienced a decline in public transportation from about 70 percent to 90 percent among commuters from January to April this year. Another study also said that the greatest risk for a person to get ill is exposure to mass gatherings, particularly public transportation, because of exposure to crowds or contact with surfaces touched by people such as handrails and door handles. This reinforces the importance of not only physical distancing but minimized travel aside from staying at home. So when you can finally go out, it will be important to consider clever ways of commuting. One such way will be investing in motorcycles as a means of solo transportation. Motorcycles can become a reliable and convenient mode of transportation, especially during these trying times that commuters need to remain safe from crowds along with the added protection of full-face helmets and face masks. Honda Philippines, Inc. (HPI) joins the country as it works to meet the challenges posed by the global health crisis through promoting physical distancing and providing a safe and convenient mode of mobility. “This pandemic is expected to remain with us throughout the year. So, we must ensure the safety of Filipinos by providing the possible transportation solutions that will allow mobility at a reasonable price, yet keep them safe,” said Susumu Mitsuishi, President of HPI. The array of cutting-edge motorcycles busy on the streets, such as the Honda BeAT, Genio, CLICK, and the PCX150 is an indication that Honda’s AT bikes are becoming predominant.  This signifies that the company has been true to its “ONE DREAM” campaign, which is helping fulfill people’s dreams while experiencing the joy of mobility. And in today’s reality, provide a safer way for people staying home to still access badly needed necessities and return to work for their living. “It brings us great fulfillment that our motorcycles are of great importance especially during these days, bringing safety for people against the dangerous virus,” Mitsuishi said.

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29th Mindanao Business Conference 2020 | Capacity Building Measures for business survival & continuity pushed

September 7, 2020

Corporate

By: , The affiliate chambers of the Philippine Chamber of Commerce and Industry in Mindanao will present the national government during the 29th Mindanao Business Conference on September 10-11, 2020 a package of capacity building measures aimed at ensuring business survival and continuity in the region. The first ever virtual conduct of Mindanao’s biggest business conference of the PCCI will be hosted by the Davao Chamber of Commerce and Industry, Inc. (DCCCII) through online live streaming via ZOOM with a record audience expected to participate in the online event despite restrictions on travel and gatherings brought by the ongoing coronavirus pandemic. “With theme, Mindanao: Journeying to the New Normal, we recognize the urgent need to boost confidence to overcome emerging challenges and opportunities,” said Ma. Teresa A. Alegrio, PCCI Area Vice President for Mindanao. “This stems from a deep understanding of what the new normal presents so that responses to meet them are carefully crafted.” MinBizCon is an annual event organized by the PCCI that aims to create a venue for businessmen, key industry players, government executives, and other private sector leaders to discuss economic concerns and opportunities in Mindanao resulting to policy actions for the development of the region. Through PCCI Mindanao Resolution no. 2020-004 (A Resolution Endorsing To The IATF-EID Proposed Intervention Measures For Business Survival And Continuity of Mindanao MSMEs and Other Industries) the 42 local Chambers of Mindanao will be requesting the National Government’s immediate and urgent intervention to prioritize a package of proposed recommendations aimed at ensuring  the business survival and continuity of Micro, Small and Medium Enterprises (MSMEs), in the manufacturing and industry, and agricultural sector. MSME’s constitute over 90 percent of the number of business establishments nationwide and in Mindanao. The resolution covers Health Care Capacity, Infrastructure, Economic Stimulus, Structural Reforms, Capacity Building, and Domestic Tourism. Capacity Building Among the Capacity Building measures being championed by PCCI Mindanao for urgent government action in prioritizing the following proposed recommendations for the business survival and continuity of MSMEs in the manufacturing, industry, and agricultural sector:   ·        For DTI to extend technical assistance and financial support to Local Chambers of Commerce & Industry (LCCI) and other trade or sectoral associations in the preparation of Business Continuity Plans to enable their dissemination to Micro, Small and Medium Enterprises (MSMEs) who may wish to apply for commercial loans under facilities of the Small Business Corporation in the LCCIs respective localities; ·        For DTI, DOST and DOLE to immediately implement Retooling and Re-Training Programs for MSME companies and workers of sectors belonging to non-essential goods and services; ·        For DOH to include as an urgent priority in its policy measures to make available RT-PCR testing kits at an affordable price through pooled purchasing for large scale agro-industrial and industries employing more than 200 workers and ancillary service providers, to enable them to continue unhampered operations, minimize lay-offs and most importantly, disruptions in key supply chains such as food, food processing and health related products and services; ·        For DOST to extend funding and technical support for Research and Development to City and State Colleges, Universities and Technical schools related to health care efforts that may directly impact the area’s COVID-19 response; and,   ·        For NEDA to create an Investment Promotions Committee in the Regional Development Councils in order to monitor the implementation of localized incentives to be implemented. The foregoing proposals were extensively discussed across all the 42 Local Chambers of Commerce in Mindanao during several Regional Consultations with PCCI President Ambassador Benedicto Yujuico, PCCI Mindanao Area Vice President Maria Teresa R. Alegrio, and PCCI Regional Governors Arturo Milan (South Eastern Mindanao), Roderico R. Bioco (Northern Mindanao), Paul Gudmalin (Western Mindanao), Pete Marquez (Central Mindanao), Aldrin Ibbo (BARMM), Julie Senense (Eastern (CARAGA) Mindanao) and Loreta Sy (South Western Mindanao) with Promote NorMin Foundation President Elpidio M. Paras. (PCCI Mindanao) 

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29th Mindanao Business Conference | PCCI Mindanao champions Infrastructure Initiatives for business survival & continuity

September 7, 2020

Corporate

By: , The affiliate chambers of the Philippine Chamber of Commerce and Industry in Mindanao is championing a package of infrastructure intervention measures aimed at ensuring business survival and continuity during the 29th Mindanao Business Conference on September 10-11, 2020. The first ever virtual hosting of Mindanao’s biggest business conference of the PCCI will be hosted by the Davao Chamber of Commerce and Industry, Inc. (DCCCII) through online live streaming via ZOOM with a record audience expected to participate in the virtual event despite restrictions on travel and gatherings brought by the ongoing coronavirus pandemic. “With theme, Mindanao: Journeying to the New Normal, we recognize the urgent need to boost confidence to overcome emerging challenges and opportunities,” said Ma. Teresa A. Alegrio, PCCI Area Vice President for Mindanao. “This stems from a deep understanding of what the new normal presents so that responses to meet them are carefully crafted.” MinBizCon is an annual event organized by the PCCI that aims to create a venue for businessmen, key industry players, government executives, and other private sector leaders to discuss economic concerns and opportunities in Mindanao resulting to policy actions for the development of the region. Through PCCI Mindanao Resolution no. 2020-004 (A Resolution Endorsing To The IATF-EID Proposed Intervention Measures For Business Survival And Continuity of Mindanao MSMEs and Other Industries) the 42 local Chambers of Mindanao will be requesting the National Government’s immediate and urgent intervention to prioritize a package of proposed recommendations aimed at ensuring  the business survival and continuity of Micro, Small and Medium Enterprises (MSMEs), in the manufacturing and industry, and agricultural sector. MSME’s constitute over 90 percent of the number of business establishments nationwide and in Mindanao. The resolution covers Health Care Capacity, Infrastructure, Economic Stimulus, Structural Reforms, Capacity Building, and Domestic Tourism. Infrastructure Initiatives Among the infrastructure intervention measure being championed by PCCI Mindanao are the following: ·        For DOE, DPWH & DOTr to re-start the implementation of the following strategic infrastructure projects which are included in the Build-Build-Build program and the approved RDC Infrastructure projects of the national government: Shelter Projects under the Marawi Rehabilitation project; Mindanao-Visayas Interconnection Project; Rehabilitation of the Agus and Pulangi Hydropower Complexes; Mindanao Railway; Expansion of the Laguindingan Airport; Panguil Bay Bridge, and Improvement of Night Landing and Runway facilities of Secondary Airports all over Mindanao. ·        For the Department of Finance (DOF) to prioritize funding allocation and procurement of services for all pending DPWH-DTI ROLL-IT projects to expedite and efficiently transport raw materials from agricultural areas to main processing or manufacturing centers; ·        For the Department of Information and Communications Technology (DICT) to provide access for local/Private Telecommunications Companies, Cable TV, Internet and Value Added Service Providers to their existing tower facilities and infrastructure including unused internet bandwidth, to fast track deployment of broadband internet services to underserved areas in compliance with its mandate of bringing information and communications technology to all Filipinos; ·        For DICT to enjoin the National Electrification Agency (NEA) to suspend its recent rate increase in Pole Rental Fees for rural electric cooperatives to reduce the costs for Telcos, Cable TV and Internet Service Providers to consequently stop these being passed on to consumers, and ultimately enable more people especially in remote areas, gain access to affordable communications that provide urgent, essential and timely information during this time of the pandemic; ·        For DILG to order the LGUs and other government agencies, to reduce the number of permits now being required in the building and erection of Telco cell site tower and radio facilities and in the roll out and installation of fiber optic and coaxial cables underground and aboveground, in order to fast track the deployment of much needed Broadband Internet infrastructure nationwide which is crucial to the success of DepEd’s online education program. The foregoing proposals were extensively discussed across all the 42 Local Chambers of Commerce in Mindanao during several Regional Consultations with PCCI President Ambassador Benedicto Yujuico, PCCI Mindanao Area Vice President Maria Teresa R. Alegrio, and PCCI Regional Governors Arturo Milan (South Eastern Mindanao), Roderico R. Bioco (Northern Mindanao), Paul Gudmalin (Western Mindanao), Pete Marquez (Central Mindanao), Aldrin Ibbo (BARMM), Julie Senense (Eastern (CARAGA) Mindanao) and Loreta Sy (South Western Mindanao) with Promote NorMin Foundation President Elpidio M. Paras. (PCCI Mindanao) 

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29th Mindanao Business Conference 2020 | PCCI Mindanao endorses ‘Bubble Markets’ to revive domestic tourism

September 7, 2020

Corporate

By: , The affiliate chambers of the Philippine Chamber of Commerce and Industry in Mindanao will endorse to the national government measures aimed at capturing “Bubble Markets’ for the revival of domestic tourism in the region during the 29th Mindanao Business Conference on September 10-11, 2020. The first ever virtual conduct of Mindanao’s biggest business conference of the PCCI will be hosted by the Davao Chamber of Commerce and Industry, Inc. (DCCCII) through online live streaming via ZOOM with a record audience expected to participate in the online event despite restrictions on travel and gatherings brought by the ongoing coronavirus pandemic. “With theme, Mindanao: Journeying to the New Normal, we recognize the urgent need to boost confidence to overcome emerging challenges and capitalize on opportunities,” said Ma. Teresa A. Alegrio, PCCI Area Vice President for Mindanao. “This stems from a deep understanding of what the new normal presents so that responses to meet them are carefully crafted.” MinBizCon is an annual event organized by the PCCI that aims to create a venue for businessmen, key industry players, government executives, and other private sector leaders to discuss economic concerns and opportunities in Mindanao resulting to policy actions for the development of the region. Through PCCI Mindanao Resolution no. 2020-004 (A Resolution Endorsing To The IATF-EID Proposed Intervention Measures For Business Survival And Continuity of Mindanao MSMEs and Other Industries) the 42 local Chambers of Mindanao will be requesting the National Government’s immediate and urgent intervention to prioritize a package of proposed recommendations aimed at ensuring  the business survival and continuity of Micro, Small and Medium Enterprises (MSMEs), in the manufacturing and industry, and agricultural sector. MSME’s constitute over 90 percent of the number of business establishments nationwide and in Mindanao. The resolution covers Health Care Capacity, Infrastructure, Economic Stimulus, Structural Reforms, Capacity Building, and Domestic Tourism. Domestic Tourism Among the measures to be presented by PCCI Mindanao to revive Domestic Tourism during the MinBizCon are the following: ·        For DOT to consider "Bubble" connectivity: Select safe markets from where tourists can travel to similar “Bubble” destinations. DOT to coordinate the guidelines for  identifying “Bubble” markets with the national, regional and local IATFs; ·        For Regional DOT offices to promote weekend staycations from nearby cities in each region, making up the safe "bubble" market, no foreign or other tourists from abroad allowed. DOT accredited and sanctioned hotels with strict safety protocols to be utilized in this recovery program; ·        For LGUs to start campaign to capture the Mindanao "bubble" market. Focus on road travelers with pre-arranged hotel accommodations. Pre-arranged tours would also be encouraged; everything online. ·        For DOT and LGUs to coordinate and endorse with IATF-EID the relaxation of travel restrictions for minors below 21 years old and senior citizens above 60 years old in areas where MGCQ is implemented, provided that accredited tourism destinations which are primarily for outdoor activities, strictly enforce all health and safety protocols subject to regular inspections and evaluation. The foregoing proposals were extensively discussed across all the 42 Local Chambers of Commerce in Mindanao during several Regional Consultations with PCCI President Ambassador Benedicto Yujuico, PCCI Mindanao Area Vice President Maria Teresa R. Alegrio, and PCCI Regional Governors Arturo Milan (South Eastern Mindanao), Roderico R. Bioco (Northern Mindanao), Paul Gudmalin (Western Mindanao), Pete Marquez (Central Mindanao), Aldrin Ibbo (BARMM), Julie Senense (Eastern (CARAGA) Mindanao) and Loreta Sy (South Western Mindanao) with Promote NorMin Foundation President Elpidio M. Paras. (PCCI Mindanao) 

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Gabay Guro ties up with PayMaya to provide financial account for teachers

September 2, 2020

Corporate

By: , Teachers all around the country will soon have easier access to a financial account and learning resources in one app as Gabay Guro, the flagship advocacy program for teachers of the PLDT-Smart Foundation, partners with PayMaya for its super app for teachers. Through the Gabay Guro app, teachers can soon easily sign up for a PayMaya account which they can use for various digital financial transactions such as paying for online and in-store purchases, sending money, paying bills, buying load, and paying government fees, among others. This will complement the existing features of the app, which provides them access to research materials, community-wide articles, rewards, as well as online lessons to help improve their teaching skills in the new normal. “Providing teachers a PayMaya account within the Gabay Guro app will help enrich the resources available to them, especially as they adapt to our new normal which is increasingly digital. Combined with various learning and other resources available within the app, we are confident that this new platform can help improve their day-to-day teaching lives," said Gabay Guro Chairperson Chaye Cabal-Revilla.  On top of these features, the app will also offer other capabilities such as the ability to receive badges that can be converted into MVP Rewards, availing of promos and training sessions from Gabay Guro partners and mentors, and access to livelihood programs.   Soon, they can also receive cash assistance, incentives, and loans designed for educators and even get additional livelihood opportunities in the e-commerce space through their PayMaya account within the Gabay Guro app. For his part, PayMaya Founder and CEO Orlando Vea said: “Having a digital financial account will help complement the wealth of resources for teachers that will be available in the app. As we all transition to digital, it’s important that we empower our teachers with the right tools and resources so that they are able carry out their work well, for the sake of all Filipino youth everywhere” added Mr. Vea.    "The Department of Education has always acknowledged the Gabay Guro program and the PLDT Group as an important partner of the education sector. We’re happy that the Gabay Guro app, together with PayMaya, will provide our teachers with a holistic platform that will empower and help them thrive in the new normal,” added Department of Education Undersecretary Tonisito Umali.  Digital financial services for education  Enabling teachers with digital financial accounts and capabilities is just the latest way that PayMaya is empowering the education sector. To date, it has enabled over 50 educational institutions all over the country with cashless payments acceptance, allowing schools to conveniently accept tuition payments from parents at the comfort of their homes. At the same time, this mode of payment helps keep school personnel safe by eliminating risks of cash handling in light of the current public health situation.   These efforts are in response to the Department of Education’s directive to implement blended learning that utilizes both online and in-person modalities for education, where students are encouraged to utilize online classes, printed modules, and educational TV and radio broadcast as main learning channels this school year.   Schools enabled by PayMaya with end-to-end digital payment solutions such as PayMaya Checkout online payment gateway and the PayMaya One all-in-one Point of Sale (POS) device include major learning institutions such as the University of the Philippines, the Ateneo De Davao University (ADDU), La Salle Green Hills, Don Bosco Technical Institute of Makati Inc. (DBTI-MAKATI), Nord Anglia International School Manila (NAIS Manila), Malayan Colleges Mindanao (MCM), and University of Immaculate Conception (UIC), among others.   Aside from these digital payment innovations, PayMaya has also rolled out cashless payment ecosystems starting with the PayMaya-powered student ID card in schools including University of the Philippines-Diliman, LPU-Batangas, La Salle Green Hills, and STI, among many others. Students can easily link the PayMaya-powered student ID card to their PayMaya account and maximize for payment transactions even outside the campus at Bancnet-powered payment terminals and ATMs nationwide.   PayMaya is the only end-to-end digital payments ecosystem enabler in the Philippines, with platforms and services that cut across consumers, merchants, and government. Aside from providing payments acceptance for the largest e-Commerce, food, retail and gas merchants in the Philippines, PayMaya enables national and social services agencies, as well as local government units, with digital payments and disbursement services.  Through its app and wallet, PayMaya  provides millions of Filipinos with the fastest way to own a financial account with over 40,000 Add Money touchpoints nationwide, more than double the total number of traditional bank branches in the Philippines combined. Its Smart Padala by PayMaya network of over 30,000 partner touchpoints nationwide serves as last mile digital financial hubs in communities, providing the unbanked and underserved with access to services. To know more about PayMaya's products and services, visit www.PayMaya.com or follow @PayMayaOfficial on Facebook, Twitter, and Instagram.    Gabay Guro is spearheaded by the PLDT-Smart Foundation and PLDT Managers Club, Inc. The 12-year old program empowers teachers across the country though initiatives in seven key pillars. This includes scholarships, teachers’ trainings, classroom donations, livelihood programs, connectivity & computerization, teachers’ tribute and digital innovations.

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SEC reminds Normin, Caraga corporations to submit audited financial statement before June 30

June 9, 2020

Money Matters

By: PR, THE Securities and Exchange Commission – Cagayan de Oro Extension Office (SEC-CDOEO) reminds all corporations for the submission of Audited Financial Statements (AFS) which is due this June 30, 2020. The Northern Mindanao and Caraga Regions’ Stock and Non-Stock corporations whose fiscal year ends November 30, 2019 and December 31, 2019 are obliged to submit their AFS together with the General Information Sheet (GIS) otherwise corresponding penalties will incur.       Atty. Renato V. Egypto, Director for SEC-CDOEO in a statement reminds all corporations to file and submit their reports “For all corporations, it is best to file early as now for us to avoid crowd or mass gathering. The SEC-CDOEO has been open to accept submissions since the occurrence of pandemic in the region”.       SEC-CDOEO accepts walk-in submissions from Monday to Friday (8:00AM – 5:00PM). Preemptive measures are observed in the office and thus, clients are directed to follow.       For areas with travel restrictions, clients may send their reports via courier with mailing address: SEC Bldg., Tomas Saco Del Lara Sts., Macasandig, Cagayan de Oro City.       Sending through e-mail (soft copies) is also accepted however will be deemed as partial submission considering that hard copies will complete the requirements. With this, electronic signatures, and unnotarized documents are temporarily allowed. Reports have to be submitted through reports_cdo@sec.gov.ph.       This submission is in pursuance to the Revised Corporation Code, under Sec. 177 (a) which requires all corporations to submit their annual financial statements to be audited by an independent Certified Public Accountant, however, if total assets or total liabilities of the corporation are less than Six Hundred Thousand Pesos (Php 600, 000.00), the financial statements shall be certified under oath by the Corporation’s treasurer or chief financial officer.       The reportorial requirements shall be submitted annually and within such period as may be prescribed by the Commission.       The AFS other than the consolidated financial statements, shall have the stamped “received” by the Bureau of Internal Revenue (BIR) or its authorized banks, unless the BIR allows an alternative proof of submission for its authorized banks (e.g. bank slips).       Late filings shall have corresponding penalties as imposed by the Commission guidelines, and/or may place the Corporation under delinquent status in case of failure to submit the reportorial requirements three (3) times, consecutively or intermittently, within a period of five (5) years. The Commission shall give reasonable notice to and coordinate with the appropriate regulatory agency prior to placing under delinquent status companies under their special regulatory jurisdiction.

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Unemployed persons in R10 rise to 236,000 as of April 2020

June 9, 2020

Money Matters

By: PSA PR, RESULTS of the April 2020 Labor Force Survey shows that unemployment rate in the region registered at 11.1 percent. This is the highest recorded unemployment rate since 2005. Unemployment rate in January 2020 was reported at 3.2 percent while April 2019 unemployment rate posted at 5.0 percent.   In terms of magnitude, the total number of unemployed individuals as of April 2020 reached to 236,000, higher than the recorded unemployed persons in April 2019 at 121,000. In other words, there are 115,000 more individuals who are unemployed as of April 2020 as compared to the same period in the previous year which reflects the impact of CoVID-19 economic shutdown to the labor market.   The region's unemployment rate is lower than the national average of unemployment rate at 17.7 percent. The region also posted the lowest unemployment rate among the 17 regions.   Employment rate in the region fell to 88.9 percent in April 2020 from 96.8 percent in January 2020. In April 2019, employment rate registered at 95.0 percent. This translates to a decrease in the employed persons by around 400 thousand, that is, from 2.3 million employed persons in April 2019 to 1.9 million persons in April 2020.   The region, however, recorded the highest employment rate among the 17 regions of the country.

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PSBank Q1 net income: P646.2m

May 7, 2020

Money Matters

By: , THE Philippine Savings Bank (PSBank), the consumer banking arm of the Metrobank Group, recorded a net income of PhP646.2 million for the first quarter of 2020. Net interest income grew 21.8% to PhP3.2 billion versus the same period last year while net service fees reached PhP458.1 million. Net Income for the first quarter of 2020 is lower by 5.1% on increased credit provisioning. Total loan portfolio as of the first quarter of this year grew by 3.6% to PhP165.0 billion coming from the strong demand in the first two months of this year prior to the Enhanced Community Quarantine (ECQ) period. This contributed to total assets growth of 1.8% year-on-year to PhP240.3 billion. Low-cost deposits improved by 10.2% reaching PhP60.6 billion. Gross non-performing loans is stable at 3.7%. PSBank’s balance sheet remains strong with capital of PhP34.8 billion. The Bank’s total Capital Adequacy Ratio (CAR) of 17.2% is well above the regulatory minimum of 10%. “PSBank has a strong balance sheet and capital position coming into this unprecedented situation. Cognizant of the potential impact of the pandemic to the economy, we decided to exercise prudence by increasing provisions to 150% versus previous year. During the quarantine period, the Bank continued to operate 80% of its branches while keeping in place precautionary measures to ensure that our customers and employees are safe. Both customer and IT support were further strengthened to keep our online banking services available 24/7, this being the alternative banking channel during these times,” PSBank President Jose Vicente Alde said. To assist customers during this period, the Bank put together an easy-to-use ‘Quick Customer Enquiries’ module in its website which shows information on daily branch schedules, fraud protection tips, loan payment grace periods, and how-to guides on banking services. PSBank ensured the availability of safe and convenient digital banking services for customers to still do their banking transactions: Check deposit using the PSBank Mobile Check Deposit facility launched in September 2019; Mobile and Online fund transfers via InstaPay and PESONet;  PaSend for mobile cash remittances withdrawable from over 1,000 combined PSBank and Metrobank ATMs nationwide; payment of bills via mobile or online; and 24/7 cash availability in PSBank ATMs. PSBank likewise made it easy for customers to reach the bank through various communication platforms: Chatbot “ISSA” via FB Messenger (Interactive, Speedy & Simpleng Assistant) for quick queries; “LiveChat” if customers wish to interact with our Customer Associates; and our 24/7 Customer Experience Hotline for phone-in concerns. (PR)

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PH seen losing $4.5B in cash remittances due to pandemic in ‘best-case scenario’

April 19, 2020

Money Matters

By: , The Philippines, in a best-case scenario, will likely lose some $4.5 billion (P228 billion) in cash remittance inflows from migrant Filipino workers this year due to the COVID-19 pandemic, the ACTS-OFW Coalition of Organizations said on Sunday. “Without the pandemic, we would have expected the aggregate incoming cash transfers from Filipinos overseas to grow by $1.5 billion (or by five percent) this year,” said ACTS-OFW chairman Aniceto Bertiz III. “However, on account of the severe global economic devastation caused by the pandemic, we now project total remittances to reach only $27 billion this year, or down by $3 billion from $30 billion in 2019, assuming the best possible outcome,” Bertiz, a former member of Congress, said. Bertiz said migrant Filipino workers in the following sectors around the world are bearing the brunt of the economic destruction and job losses: ·      Shipping (both merchant and cruise operations) and shipping-related support services; ·      Aviation and aviation-related support services (including crewing operations, aircraft maintenance and catering); ·      Travel and tour operations; ·      Hotels, resorts and restaurants; ·      Gaming; and ·      Oil, gas and energy exploration and development (including related construction). “The foreign labor markets for Filipino workers – except for medical professionals and technicians – will shrink considerably this year, as the global economy declines,” Bertiz said. The collapse of crude oil prices to $20-$25 per barrel is foreseen dampening to a large extent the demand for Filipino workers – from engineers to construction workers – in the Middle East, Bertiz said. The kingdoms in the region heavily dependent oil and gas income are anticipated to spend less aggressively on new public infrastructure, according to Bertiz. “The global economic recession will also reduce the demand for Filipinos sailors as shipping traffic sinks,” Bertiz said. The Philippines is the world’s second-largest supplier of licensed ship officers and the top provider of unlicensed ship ratings or non-officer crew. Some 450,000 Filipino sailors serve on ocean-going bulk carriers, container ships, oil, gas, chemical and other product tankers, general cargo ships, pure car carriers and tugboats around the world. Global ports operator International Container Terminal Services Inc. (ICSTI) earlier reported that shipping container volumes across its terminals in 20 countries fell by 10-15 percent in March alone, and are expected to decline further in April. Meanwhile, Bertiz said ACTS-OFW is counting on the government to provide financial assistance to Filipino workers overseas who have lost income under the “no work, now pay policy” of their employers. The Overseas Workers Welfare Administration last week began accepting online applications for the $200 (P10,000) cash aid for Filipino workers abroad “who have experienced job displacement due to the host country’s imposition of a lockdown or community quarantine.”

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Realizations and lessons learned from COVID-19

September 22, 2020

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By: , And why it’s important to be financially prepared for anything, pandemic or not  When the COVID-19 pandemic quickly swept the world, it became apparent to all of us that our frequent five-minute handwashing and wearing of surgical face masks wouldn’t be enough to keep everyone safe.To contain the spread of the virus, we were told to stay home or stay six feet apart. And just like that, life as we know it came to a near-halt.  Months after Enhanced Community Quarantine (ECQ), and with no vaccine in sight, we can’t say how long till we return to our normal routines. But we can all find comfort in the fact that we’re dealing with this pandemic together, and we’ll overcome it in the same way. Life as we know it might change forever but we can go on, worry-free, if we stay informed and prepare for the future.  Because while the future is uncertain, we can always take steps to prepare today so we can worry lesstomorrow. COVID-19 has affected our lives in different ways but the lessons we learned from it are essentially the same. Here are five lessons everyone learned or should learn, especially now that most of us are finally back to work.  1. Health is indeed wealth Your health is your best asset—both physically and financially. Pandemic or not, protecting your health always comes first. And having good health and being in shape give you more energy to work hard for your family while pursuing your passions. Staying healthy saves you a lot of money too. After all, getting sick is not cheap. You have to pay for medicines, treatment, and confinement. Costs for COVID-19 treatment can reach millions, and so do other critical illnesses like cancer, heart attack, renal failure, or stroke.  But if you do get sick (and often these illnesses will just strike without warning), there are ways to make sure you are financially prepared. Protection plans like FWD Insurance’s Set for Health ensure that you have the money you need to pay for any medical bills. It allows you to claim up to three times against major critical illnesses—and if you remain healthy by 75 years old, you’ll get your money back.  2. Good habits are important For years, we’ve been told to wash our hands properly. But we never really took it that seriously. Until this year. Now, it’s one of the best lines of defense against COVID-19. With most of us being called back to work or allowed to go outside, handwashing or sanitizing our hands are even more important. Let’s not forget to regularly disinfect and clean our homes either.  Other precautionary measures we learned recently leaving our shoes outside, showering and changing into new clothes immediately, and storing dirty laundry in disposable bags. 3. The importance of a rainy-day fund It’s a good idea to have a rainy-day fund to cover expenses in case of emergencies.  This is all the more relevant today during the COVID-19 pandemic. As the saying goes: hope for the best but prepare for the worst. Financial planning is important, especially if you’re the breadwinner. Life insurance plans like FWD’s Set for Tomorrow make sure that your family has the financial means to go on, protecting them from unpaid loans and sudden income loss due to death. OFWs who work abroad get additional protection, too. 4. Information is key. This year we’ve seen how the right information can actually save lives. From patients’ travel histories to accurate, science-based news about masks and social distancing. But a lot of information is still out there, and not all of it is checked. So when reading the news, check the source. Is it from a reputable channel, agency, or publication? Are the statistics and studies from credible research or government organizations? Let’s all be vigilant in spotting fake news. 5. It pays to be prepared The pandemic has showed many of us how extremely dependent we are on our paychecks and daily earnings. With no work or income for more than a month, a lot of us have struggled to make both ends meet. And this will continue with businesses laying off workers and instituting a “no work, no pay” policy. That’s why it’s important to be financially prepared and have a financial safety net so you can get through any emergency. It’s not too late to start securing your financial future today. Save. Invest. Protect. VUL plans like FWD’s Set for Life allows exactly that. You get both insurance and investment and pay for it monthly. You get to grow your money and, at the same time, secure your future – and your family’s. COVID-19 is a call for preparedness for everyone. The pandemic took us by surprise, but we learnedsome valuable lessons. Now that we know better, we can prepare better—physically, mentally, and financially. FWD Insurance is one of the few insurance companies that are digitally ready to help you financially prepare for the future. Its financial advisors are available to talk to you about your finances and help you with your financial goals via video chat or whatever channel is more convenient for you.

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THE SM STORE | CIVIL SERVICE PROMO

September 17, 2020

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By: , In celebration of Civil Service month, we treat you with a 10% discount* at #TheSMStore from September 18 to 20, 2020. *With a minimum single-receipt purchase of P2,000 on regular-priced items upon presentation of government ID and SMAC

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THE SM STORE | 9.9 SALE

September 9, 2020

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By: , Get an EXTRA 9% OFF on top of all items*  TODAY September 9 with #TheSMStore’s 9.9 Sale!  We got great selections for you, from fashion to home items! So what are you waiting for? Visit The SM Store nearest you or order via #SMCallToDeliver at #143SM (#14376) and be EXTRA! *With a minimum single-receipt of P3,000 Per DTI Fair Trade Permit No. FTEB- 104265 Series of 2020

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PROMO ALERT: ONLY THE FINEST FOR OUR HEROES

August 29, 2020

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By: , Celebrate empowering everyday heroes this long weekend with Yellow Cab’s Only The Finest For Our Heroes promo!  Get a FREE regular Charlie Chan or 4 pieces of original Hot Chix for every order of 12-inch New York’s Finest pizza, starting at just P735.   Promo runs from August 27 to October 31, 2020. This limited time offer is available in participating Yellow Cab stores nationwide for dine-in, Curbside® pick-up, take-out, or delivery. Also available via GrabFood, FoodPanda, and LalaFood.    All Yellow Cab stores comply with proper operating guidelines to ensure you get our signature products as safely as possible. Stay safe!  For more information, visit https://www.facebook.com/YellowCabPizzaOfficial.

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