by anyajulia | Feb 19, 2009 | Headlines, National News
President Gloria Macapagal-Arroyo called on the city mayors to join hands in dealing with the present global economic crisis. The President said this is the time for national and local leaders to forge alliance in managing the impact of the global financial turmoil.
In partnership with local government units, the President said the government has been able to invest unprecedented amount in education, health care, infrastructure and other social services. (PIA-MMIO)
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by anyajulia | Feb 19, 2009 | Headlines, National News
The cooperative can now be small banks and not just a place for collection and loan purposes of members. This is the new law for Cooperatives that is signed by President Gloria Macapagal – Arroyo.
From cooperatives that loans to it members, it will become a union of new proposed services that complies to the regulations of Bangko Sentral ng Pilipinas (BSP).
However, the Cooperative Code has not yet been made plain as to what services are offered in regulation to the trusted agencies, the cooperatives can open a current / checking accounts, be an agent of SSS or GSIS, and even loan foreign money.
Cooperatives can become depository banks according to the new law.
However, the cooperative still have to ask permission from the Cooperative Development Authority (CDA) and BSP in order for them to render these services.
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by anyajulia | Feb 19, 2009 | Headlines, Major Events
Those living veterans of the World War II will receive a “lump sum” by the US government, according to the Department of Veterans’ Affairs of the American Assembly.
Remembering that the US Congress passed a $787-B nga economic stimulus package by President Barack Obama, that includes the $198-million that will be given to Pinoy veterans.
According to the law, veterans in the Philippines will receive $9,000 while veterans in America will receive $15,000.
According to Department of Foreign Affairs, from 250,000 veterans, a number of 18,000 have already received the “lump sum”.
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by anyajulia | Feb 18, 2009 | Headlines, National News
The Bangko Sentral ng Pilipinas (BSP) launched on February 15 the third and biggest cooperative credit surety fund here.
With an initial membership of 17 cooperatives and one non-government organization that pooled its fund resources with a counterpart of P5-million each from the provincial government, the Development Bank of the Philippines (DBP) and the International Loan Guarantee Fund (IGLF), the Bohol Coopreneurs Credit Surety Fund (BC-CSF) seeks to expand and simplify access to credit among member-cooperatives.
The support of the First Consolidated Bank (FCB) accelerated the formation of the
Bohol Credit Surety Fund. FCB is designated as the depository bank of the Bohol
Credit Surety Fund.
A brainchild of the BSP, the credit surety fund or CSF is a program that involves
the creation of a trust fund contributed by cooperatives from a province and its
provincial government intended primarily to make MSMEs (that are relying on cooperative fund support) bankable by giving them access to formal sources of financing by means of a surety cover.
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by anyajulia | Feb 18, 2009 | Headlines
Archt. Felino Palafox, Jr., arrived in Bohol on February 17 for a series of visits in preparation for the much awaited Panglao Island Master Plan. Palafox is the Filipino architect who transformed Dubai into one of the most progressive places in the Middle East.
Palafox said that his team will be here to complete within 100 working days the master plan for the development of Panglao and Dauis towns after his firm was commissioned by the provincial government. He said the master plan will blend with the tourism development in the island.
He welcomed the construction of the Panglao Bohol International Airport (PBIA) as it is a worldwide concept that an international airport is the best magnet for development. The master plan, he said, will prepare the island for a well planned development, particularly in its zoning aspect.
Palafox known as an environmental warrior will never bargain environment with progress. He will forever be remembered as the architect who gave up a US$1 million project (P47 million) architectural fee in protest over the cutting of 336 century-old trees in the Subic Bay Free Port Zone.
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