by admin | Jan 11, 2017 | DTI Updates, Headlines, Malakanyang Updates, National News
Following President Rodrigo Duterte’s directive to replace the “5-6” money lending system and provide an affordable micro-financing for the country’s micro, small and medium enterprises (MSMEs), the government’s Pondo sa Pagbabago at Pag-asenso (P3) program pilots this month in Mindoro, Sarangani and Leyte, among the top 30 poorest provinces, to represent Luzon, Visayas and Mindanao, the country’s trade chief said.
“The P3 is designed to bring down the interest rate at which micro-finance is made available to micro enterprises,” said Department of Trade and Industry (DTI) Secretary Ramon Lopez.
The 2017 General Appropriations Act has included an initial funding of P1 billion for financial assistance, a part of the planned P19 billion financing initiative for micro and small businesses in the next five years.
Helping the poorest
The program’s fund will be lent out in the business centers of the poorest provinces (based on poverty incidence), where the participating microfinance institutions (MFIs) and the Small Business Corporation (SB Corp.) can operate.
An attached agency of DTI, SB Corp. shall administer the P3 Program, including the creation of a Program Management Office (PMO), which will open a separate back account for the P3 Program, to oversee the management and monitoring of fund.
“Fund delivery to microenterprises shall be carried out in either by wholesale lending to non-bank financial institutions like MFI-NGOs, and cooperatives which shall on-lend the fund to beneficiaries or by direct lending by SB Corp,” Sec. Lopez said.
Beneficiaries
Priority beneficiaries include microenterprises and entrepreneurs that do not have easy access to credit, or are accessing credit at very high cost, such as, micro-entrepreneurs, market vendors, agri-businessmen and members of cooperatives, industry associations and co-operators.
Loanable amount per end-borrower can range from P5,000.00 for start-ups to P300,000.00, with maximum interest rate of 26% per annum with no collateral requirement. This rate is significantly below the 20% per day/ week/ month charged by “5-6” lenders. It is also lower than what is charged by most MFIs.
MFIs may opt for portfolio guarantee cover of up to 15% of their P3 loan portfolio from SB Corp at a guarantee fee of 0.4%. The guarantee feature is seen to help MFIs address the P3 Program’s inherent risk. The guarantee fund will be sourced from the P3 fund.
P3 allocates PhP 100 million for direct lending by SB Corp. Target loan beneficiaries are the small enterprises in priority and emerging industries, start-up businesses and technology innovators.
Minimum loan amount will be Php 300,000.00 with interest rate capped at 10% p.a., with or without collateral cover.
“This alternative funding dedicated for micro and small enterprises is meant to discourage the 5-6 money lending system in our country,” said Sec. Lopez, adding that through the established MFIs, the government will reach even the smallest of entrepreneurs in the country.
For more information on the services of the DTI, log-on to http://www.dti.gov.ph
by admin | Jan 10, 2017 | Headlines, Local News / Bohol Balita
TAGBILARAN CITY, January 10 (PIA)–Gipahibalo sa buhatan sa Land Transportation Office (LTO) Tagbilaran nga nang-release na sila karon sa mga driver’s license card nga na-backlog gikan Agosto 2015 taman Oktubre 2016.
Matud pa sa tigpamaba sa LTO-Tagbilaran nga si Florencio “Aloy” Balazuela, kinahanglan lamang moduso sa ilang photocopy sa opisyal nga resibo kun OR nga may nakasulat nga cellphone number sa luyo niini.
Apan alang sa mga lisensiyang gi-isyu o gi-renew gikan Nobyembre 2016 pataas, i-release kini sa LTO sa ikaduhang kwarter sa 2017.
Alang sa dugang kasayoran, mahimong motawag sa buhatan sa LTO-Tagbilaran sa telepono (038) 501 7781. (ecb/PIA7-Bohol)
by admin | Jan 10, 2017 | Civil Service, Headlines, National News
TAGBILARAN CITY, January 10 (PIA)–Gipahibalo sa Civil Service Commission (CSC) Bohol Field Office nga sa Enero 20 na ang gitakdang deadline sa aplikasyon alang sa unang Career Service Examination Professional ug Sub-Professional ning tuig dinhi sa dakbayan sa Tagbilaran.
Nagsugod na sa pagpangdawat og applications ang buhatan sa CSC ug ipahigayon ang maong pasulit karong Marso 12, 2017.
Ang Career Service Examination bukas sa tanang Filipino citizens nga 18 anyos sa adlaw sa pag-file sa iyang aplikasyon.
Kinahanglang personal nga moduso ang aplikante sa iyang application form ngadto sa buhatan sa CSC nga nahimutang sa Circumferential Road, Barangay. Dampas ning syudad.
Gawas sa application form, kinahanglan usab ang 4 ka Philippine passport size I.D. pictures nga adunay handwritten (dili computer-generated) nga name tag sa atubangan nga gilagdaan ibabaw sa pangalan, original ug photocopy sa valid ID ug adunay bayaran nga P500.00 isip exam fee.
Ang dawaton nilang valid ID mao lamang ang mosunod: Driver’s license, SSS ID, GSIS ID, Philhealth ID, kasamtangang company/office/school ID, Postal ID, BIR ID, Barangay ID, Voter’s ID, Valid passport o Police clearance.
Alang sa dugang kasayoran, mahimomg motawag sa buhatan sa CSC sa (038) 501-7046.
(ecb/PIA7-Bohol)
by admin | Jan 9, 2017 | Headlines, Kontra Terorismo, Malakanyang Updates, National News
MANILA, January 9 (PIA)–Subling gitumbok ni Presidente Rodrigo Duterte ang iyang kampanya batok sa korapsiyon ug tinguhang tapuson na ang mga teroristang Abu Sayyaf sa gipangunahang command conference sa mga lider sa Philippine National Police (PNP) ug Armed Forces of the Philippines (AFP) ning bag-o lang.
Ang command conference mao ang tinuig nga panagtapok sa mga security officials sa nasod kauban ang Presidente nga mao ang commander-in-chief.
Apil sa nitambong sa command conference sa Malakanyang sila AFP Chief of Staff Lt. Gen. Eduardo Año, PNP chief Dir. Gen. Ronald Dela Rosa ug mga nagkalain-laing commanders sa AFP ug PNP units.
Matud pa ni Presidential Spokesman Ernesto Abella, sa maong command conference nahatagan og security update ang Presidente kalabot sa kasamtangang national security situation ug law enforcement activities sa PNP.
Dugang pa ni Abella, nisunod niini ang guidance ni Presidente Duterte kalabot sa pagbatok sa korapsiyon, apil na usab ang pagbatok sa ilegal nga droga ug terorismo.
Gibalik usab sa commander-in-chief ang iyang tinguha nga mahunong na ang pagpanghasi nga gipanghimo sa Abu Sayyaf. (ecb/PIA7-Bohol)
by admin | Jan 8, 2017 | Boheco Updates, Electricity, Headlines
By JUNE S. BLANCO
JANUARY 7 will forever be etched in the minds of the over 700 households in the three-barangay island of Mahanay off Getafe and Talibon towns.
This after Rep. Erico Aristotle Aumentado (Bohol, 2nd District) yesterday powered on the ceremonial switch for the P30-million energization project for the island. Engr. Eugene Tan, manager of the Bohol II Electric Cooperative Inc. (Boheco II) assisted him.
In his switch-on message, Aumentado waxed sentimental as he declared the fulfillment of the promise his namesake father and immediate congressional predecessor, former Gov. Erico Boyles Aumentado, made to the islanders.
Patterned after the Leyte-Bohol Interconnection project, Mahanay taps power from mainland Bohol through submarine cables.
The National Electrification Administration (NEA through then Administrator Edita Bueno downloaded the amount to Boheco II that undertook the bidding process for the cable and installed it, along with the electric poles, power main and lateral lines. Boheco II will manage the power distribution to the households as well.
The elder Aumentado had broached the energization plan for the 2nd District’s 35 islands and islets to Bueno. With the technology already available, it did not take him long to convince her.
However, death overtook him on Christmas Day of 2012, and in the midst of his campaign for reelection as congressman. He was into his first term on his second stint. Before that, he completed an unprecedented three terms as governor of Bohol. Prior to that, he was congressman also for three terms.
Aumentado, the son, picked up the pieces where his father left off. In 2015, his own first term as congressman, he brought to Mahanay the members of the board of Boheco II to answer questions on the technical side from the islanders.
“I promised them that i will give my best to bring in more hope in life by giving the light that will improve the standard of living of my constituents in the island,” he said.
“I would also like to thank Administrator Bueno for the support and for understanding the burning desire of the more than 700 households who are beneficiaries of the energization project,” he added.
He said the islanders will finally experience the “normal life” experienced and even taken for granted by mainland residents – lights at night, ice cold water and beverages, television, electric fan, and above all, refrigerators and ice to keep their fish catch fresh.
To note, islanders used to sell their catch cheap. With no cold storage, refrigerators or at least ice, their fish are vulnerable to spoilage. Cooking them all in one batch is impractical. The only other option is salting and/or drying them – which cannot be done in rainy, even stormy weather.
He thanked the Almighty for making him an instrument to uplift the lives of the needy, and Getafe Mayor Casey Shaun Camacho and Talibon Mayor Restituto Auxtero for the support.
As was in the elder Aumentado’s plan, top in NEA’s and Boheco’s list after Mahanay is Banacon island – through overhead towers. Six other island barangays are in the energization list soon, with solar power.
NEA has inventoried the powerless islands. Those not yet up for sub-marine cables or solar power like Pandanon island will be enrolled in the Small Power Utilities Group (SPUG) that will provide a generator that will run for limited periods, like four to six hours only each night.
Energization of the islands and islets adds the latest rider to the family brand or tagline – Basta Aumentado, isla “siga”-rado (With Aumentado, islands are alight).
by admin | Jan 6, 2017 | Headlines, National News
MANILA, January 6 (PIA)–Opisyal nga ilusad sa gobyerno ang ASEAN Summit 2017 sa syudad sa Davao sa Enero 15 aron ipasabwag ang kaamogan kalabot sa pag-host ug ang mga benepisyo nga makuha sa atong nasod niini.
Matud pa ni Presidential Communications Operations Office (PCOO) Kalihim Martin Andanar, opisyal nga ilusad ang ASEAN Summit 2017 sa Davao SMX Convention Center ug ang PCOO nakigkumbuya sa nagkalain-laing ahensiya sa gobyerno nga gipangunahan sa Department of Tourism (DOT) aron magmugna og mga halandomong kalihokan.
Gidugang usab sa Kalihim nga ang PCOO ang lead committee sa media affairs and communications nga mopasabwag sa kasayoran ug edukar sa publiko kalabot sa ASEAN.
Ang tema karong tuig sa ASEAN 2017 mao ang: “Partnering for Change, Engaging the World.”
Gibutyag usab ni Andanar nga mahimong i-summarize ang mga benepisyo nga atong makuha sa unom ka agenda sa pagpulong sa mga ASEAN leaders.
Una na niini ang paghimong “people oriented and people-centered” sa ASEAN diin himuong prayoridad ang kahimsog ug nutrisyon sa mga lumulupyo sa ASEAN ug ang social protection sa mga kababayen-an ug mga senior citizens.
Apil usab nga hisgotan ang “regional peace stability” diin tanang miyembro sa ASEAN magtinabangay aron mapatunhay ang kalinaw ug mahunong ang pagkatap sa mga ilegal nga droga ug terorismo.
Parte usab sa ASEAN meeting ang isyu sa “Maritime Security and Cooperation” diin hisgotan ang territorial dispute sa West Philippine Sea.
Apil usab sa hisgotan ang paghimong inclusive sa ASEAN alang sa sektor sa ekonomiya ug seguridad; “resilient ASEAN” o ang pagpakusog sa rehiyon batok sa mga kalamidad ug Climate Change. (ecb/PIA7-Bohol)***Jan. 5 PCO release
