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PH startup bags up to $500,000 in equity investments
Acudeen Technologies, a startup that helps small and medium enterprises (SMEs) overcome financial constraints, recently bagged equity investments of up to $500,000 after besting other participants from over 66 countries in the SeedStars World Summit in Switzerland. Founded by a Filipino startup entrepreneur Mario Jordan “Magellan” Fetalino III, Acudeen Technologies is a financial-technology company that provides support for Philippine small businesses coping to make ends meet as they await payments from their clients. Financial stability is one of the top problems faced by most micro, small, medium enterprises (MSMEs) in the country. While MSMEs acquire big contracts with larger companies, they find themselves financially disabled while they wait for their invoices to be paid that are usually in 30-60 day cycles. This scheme forces most MSMEs out of business. With this prevailing problem, Acudeen Technologies provides an innovative solution. It transforms SMEs’ invoices into cash through discounting of their receivables providing them with necessary working capital which they fail to get from banks. “This is an outstanding work of a Filipino entrepreneur which does not just boast of the innovative capacity of Filipino startups to provide solutions to existing problems, but also reflects the bayanihan spirit among Filipinos that continue to help our small businesses in the country to thrive,” said Department of Trade and Industry’s Trade and Investment Promotion Group Undersecretary Nora K. Terrado. “We hope to encourage more startups like this in furthering our innovative economy. We encourage them to avail various initiatives of the public and private sector such as the QBO Innovation Hub,” added Terrado. The Philippines, with increasing collaboration between the public and private... read moreNo sail, no flight over Alona now in effect
TAGBILARAN CITY, April 21 (PIA)–In response to the regional task group managing the security for the meetings of the Association of South East Asian Nations 2017 (ASEAN 2017) in Bohol, marine task groups in Bohol are implementing a 500 meter no sail zone in front of the Alona stretch of beach. The policy is in effect until the end of the ASEAN 2017 meetings in Panglao. Seaman (SN1) Ralph Barajan, deputy chief of the Philippine Coast Guard (PCG) Detachment in Panglao bared this as Bohol Task Group Commander PCSupt Noli Taliño earlier issued the “no sail, no flight” policy over Alona Beach. This is to add up to the implemented security measures to protect the international and local delegates to the ASEAN trade meetings held at the Hennan Resort and some top level meetings at the Amorita Resort on the southeast end of the 1.5 kilometer stretch of beach. “We are implementing a 500 meter from the coastline demarcation line for sail boats from the Amorita to Kalipayan Beach on the south west end, SN Barajan revealed. The PCG elements are not the only ones making sure that navigation by any craft in the area is restricted. Also there to help secure the sea area fronting the famed Alona stretch are the floating assets of the Philippine Navy and the Philippine National Police Maritime Group. The Philippine Air Force is also tasked to insure that the airspace over Alona is cleared, PNP regional sources reported. This too as the local government of Panglao implements the ordinance finally designating a one-stop... read more
PH emphasizes role of MSMEs for economic growth
The Philippines, through the Department of Trade and Industry (DTI), emphasized the role of micro, small and medium enterprises (MSMEs) as providers of employment and drivers of the country’s economic growth. “The significance of micro small and medium-sized enterprises (MSMEs) as major economic drivers is beyond question. Their sheer number is overwhelming, as they account for 98% or more of all enterprises in most countries. Recent empirical studies show that MSMEs contribute to over 55% of GDP and over 65% of total employment in high-income countries,” DTI Undersecretary Zenaida Maglaya said before World Trade Organization (WTO) members called “Friends of MSMEs” at “The Case of MSMEs in Inclusive Trade For Sustainable Development in Geneva, Switzerland. Maglaya explained that MSMEs are underrepresented in international trade in a globalised world. But as a silverlining, there is a growing number of MSMEs who supply the export market either directly or indirectly by being involved in the production of parts and components for regional and global value chains serving large producers locally or abroad. Maglaya added that when MSMEs do export, they contribute considerably to their country’s total GDP. The DTI official also stressed the need to address the hurdles being faced by MSMEs in the international level. As a solution, the Philippines have pointed out several keys to help MSMEs hurdle these problems. Maglaya pointed out the following steps being done by the Philippines such as providing access to innovation and technology, access to finance, access to skilled workers, and access to markets, particularly to export markets. PH hosting of ASEAN With Philippine chairmanship...BICTC new set of officers accepts challenge to improve ranking among ICT Councils
By: Jerome Auza The latest ranking of ICT councils placed Bohol last among 42 other cities and provinces even with the efforts of the provincial government and the Bohol ICT council in the past years to influence the improvements in telco services, power situation and general readiness for ICT enabled services. The BICTC’s new set of officers, who were elected in March 4, 2015 during the general assembly held at the Panda Tea Suites conference room, accepted this news as a challenge going forward. The council has already recognized the challenges in Bohol as the province tries to be a destination of choice for BPOs. While Bohol is already connected via fiber optic cable to the domestic fiber optic networks of both Globe and PLDT, the so called last mile services, still needs a lot of improvement. Internet access service, in general, is not as reliable as users expect, even for business accounts. But Internet connection is not our only challenge. We have an issue on the reliability of our power supply. We are very dependent on the single link to the national grid in Leyte. This was painfully clear in November 2013 after typhoon Yolanda severely damaged the power infrastructure in Leyte and Bohol was plunged into extended blackouts. Until we have a second link to the national grid, perhaps going to Cebu, we have a single point of failure for our power supply. Or perhaps, Bohol should have its own power production capability, preferably from renewable sources. On the other hand, there is a thriving small and medium IT enterprises or SMITES in the province, making do...Local News/ Bohol Balita
Province-wide massive clean up drive batok sa dengue ipahigayon karong hapon
IPAHIGAYON karong hapon ang province-wide nga massive clean-up drive batok sa dengue virus nunot sa pagsaka sa makamatay nga sakit. Ang kalihukan nga gipasiugdahan sa kagamhanang probinsiyal ubos ni Gobernador Edgar M. Chatto pagasugdan ala 1:30 sa hapon hangtud sa alas 6 sa gabii. Mga opisyal ug empleyado sa kapitolyo lakip na sa 47 ka mga lungsod ug sa siyudad sa Tagbilaran gitakdang mosalmot sa maong kalihukan alang sa kampanya batok sa dengue diin duna nay 1,412 ka mga Bol-anon ang nataptan ug siyam na ang namatay sukad sa bulan sa Enero hangtud sa Septiyembre 13 ning tiiga. Lakip nga mosalmot sa kalihukan mao ang private sector, religious group ug non-governmental organizations. Tuyo sa maong kalihukan nga malimpiyo ang palibot sa usa ka dapit ug ipangyabo ang mga tubig nga napundo aron wala nay maitlogan sa maong lamok nga nagdala sa virus. Si Provincial Health Officer, Dr. Reymoses Cabagnot nibutyag kini sinugdana lamang sa ilang kampanya aron masumpo ang maong makamatay nga sakit ug mahimo kining masundan pa. Ang dakbayan sa Tagbilaran nga maoy topnotcher nga dunay daghang kaso, gitakdang mohimo og clean-up drive sa barangay Cogon ug barangay Bool ug lakip sa ubang mga barangay nga dunay natalang daghang kaso. (Andy...Magtiayon giambush didto sa Tubigon, patay
Ang biktima giingong suod ni Mayor Jao USA ka magtiayon gi-ambush patay sa duha ka wala mailhing armadong lalaki nga pulos nagtabon og sinina sa mga nawong didto sa nasudnong dalan sa barangay Pooc Occidental, Tubigon, Bohol kagahapon sa buntag. Mga biktima nailhan nga si Alphonseus Boligao, 34, minyo, empleyado sa munisipyo sa Tubigon ug ang iyang asawa nga si Maricor, pulos nagpuyo sa maong lugar. Si Alphonseus naigo sa iyang likod ug nabugtuan sa iyang kinabuhi dihang gihatud sa Tubigon Community Hospital. Samtang si Maricor kinsa dunay duha ka samad pinusilan sa iyang likod gidala sa Ramiro Community Hospital sa dakbayan sa Tagbilaran, gideklarang patay na dihang nadangat sa maong tambalanan. Sa taho sa kapulisan nga samtang ang mga biktima nagsakay sa ilang Toyota Corona kolor pula nga kotse nga may plaka 898-GAR mga alas 10:30 sa buntag gikan sa Du Ek Sam ug padung na mopauli dihang gisabayan og usa ka itom nga Honda XRM nga walay plaka. Matud ni SPO4 Anecito Alipoyo sa Tubigon Police Station nga giingon nakabantay ang magtiayon sa duka ka suspetsado ug gigugkod apan gipusil kini sa makadaghang higayon. Nisibat ang mga suspetsado kinsa pulos nakasul-ob og itom nga jacket paingon sa direksiyon didto sa lungsod sa Clarin. Niingon si Alipoyo nga nakakuha sila og 11 ka basiyong bala ug tulo ka slug sa klaibre .45 nga pistola. Nibutyag si Alipoyo nga ang biktima kinsa usa ka suod nga higala ni Mayor William Jao adunay mga kontra ug gituohang daang dumot ang hinungdan sa maong krimen. Dugang niya nga dunay gikasuhan ang maong biktima human kini gipusil diin ang usa sa mga...2 ka tindera og utanon gitulis sa 3 ka lalaki
DUHA ka tindera og utanon gitulis sa tulo ka wala mailhing lalaki nga nakamotorsiko didto sa Del Rosario Street, Poblacion I, dakbayan sa Tagbilaran niadtong nakalabay nga gabii. Apan malas ang mga tulisan kay pakyas sila sa pagkuha sa mga salapi sa mga biktima kay usa ka cellphone lamang ang nakuha niini. Mga biktima nailhan nga sila si Marcelina Lamban, 46, minyo, taga-C.P.G East sa siyudad ug Daniela Ibañez, hamtong ang panuigon, minyo ug nagpuyo sa Poblacion I. Nasayran sa taho nga samtang ang mga biktima kinsa pulos dunay puwesto sa City Central Market sa barangay Dampas sa dakbayan nanakay og usa ka tricycle nga dunay body number 2288 mga alas 8:45 sa gabii niadtong Miyerkulis dihang pag-abot niini sa maong dapit, kalit lamang nga nibabag kanila ang usa ka pula nga motorsiklo nga walay plaka luwan ang tulo ka lalaki. Matud sa taho nga gipangtionan ang mga biktima lakip na ang bala ni Daniela ug gikha ang ilang mga bag lakip na ang usa ka Nokia nga cellphone ug nisibat. Apan nasayran nga walay mga sulod nga salapi ang nakuha nga bag sa mga suspetsado. Padayon pang gisusi sa kapulisan ang maong insidente. (Andy...Presensiya sa sa 50 ka mga armado didto sa utlanan Dimiao ug Valencia dili tinuod: Army
GIKLARO sa Philippine Army nga dili tinuod ang ningtumaw nga taho nga dunay presensiya sa 50 ka mga armadong tawo didto sa bukirang bahin sa utlanan sa mga lungsod sa Dimiao ug Valencia. Si Lt. Col. Romeo Brawner, commanding officer sa 2nd Special Forces sa Philippine Army nga nakabase didto sa barangay Riverside, Bilar, Bohol nibutyag sa usa ka pakighinabi sa usa ka sibyaanan sa radyo. Matud ni Brawner nga walay basehan ang ninggawas nga report kinsa nikatap human dunay tulo ka mga lalaki, usa niini nakuhaan og armas nadakpan didto sa lungsod sa Dimiao niadtong nakalabay nga semana. Apan bisan pa niini, niingon si Brawner nga padayon gihapon ang ilang pagmonitor kalabot sa maong taho. Sayo niini, ang probinsiya sa Bohol gideklarang insurgency-free atol sa Regional Peace and Order Council meeting sayo ning tuiga sa administrasyon ni kanhi Gob. Erico Aumentado. (Andy...Tech Talk: Gov. Chatto: Bohol ICT Industry Next Major Source of Jobs
Bohol Governor Edgar Chatto told attendees to the ICT Council Meeting that Bohol’s Information and Communications Technology or ICT industry will be the next major source of jobs for Boholanos. The meeting was held at the Governor’s mansion on September 17, 2010 and was attended by the representatives from PLDT and Globe Telecom, DepEd, BLCI, BWUI, BOHECO, DTI, Bankers Association, academe and the various ICT industry players. Ms. Emmelou Versoza-Delfin from the Commision on Information and Communications Technology reported that the top 10 New Wave Cities or cities that are potential locations for call centers and other business process outsourcing does not include Bohol yet. In the scorecard maintained by the CICT, Bohol scored 100% on cost of operations, but has a very poor 46% on manpower criteria. Surprisingly, Bohol scored on the high 70s for infrastructure and business activity and this was due to the presence of airport, seaports and the active business community represented by the Bohol Chamber of Commerce and the ICT Council. In the past years, government officials were not optimistic about the ICT industry due to the perceived requirement of a fiber optic connection from Bohol to Cebu. However, the officers from PLDT and Globe Telecom explained that the method of data transport is irrelevant because the telco companies will deliver the specifications based on the service level agreement or SLA and capacity using whatever data transport technology is used. The two telcos presented their current capabilities in Bohol. PLDT showed their multiple microwave links to Cebu and Dumaguete as well as their newly implemented ‘fiber in the loop’ interconnecting the various cell sites...National News
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