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DA to offer P90-M loans to Aklan agri, fish workers

The Department of Agriculture (DA) is set to offer about P90 million as “proactive support” to farmers and fishermen in Aklan province ahead of the six-month closure of Boracay island. According to Agriculture Secretary Emmanuel Piñol, the amount would be in the form of loans coursed through programs for these workers, most of whom sell their produce [...] The post DA to offer P90-M loans to Aklan agri, fish workers appeared first on The Manila Times Online......»»

Category: newsSource: manilatimes_net manilatimes_netApr 16th, 2018

Agri workers can now tap revived P1.28-B fund

FARMERS and fishermen can now avail themselves of loans from the revived P1.28-billion Agricultural Competitiveness Enhancement Fund (ACEF) to boost production, the Department of Agriculture (DA) said. According to Agriculture Secretary Emmanuel F. Piñol, Land Bank of the Philippines will manage the state-run funding program—which grants loans to competitiveness-enhancing projects, and small and medium enterprises (SMEs)—under [...] The post Agri workers can now tap revived P1.28-B fund appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMay 28th, 2018

As Olympics near, South Korea agonizes over post-Games costs

By Kim Tong-Hyung, Associated Press GANGNEUNG, South Korea (AP) — South Korean officials have ruled out turning a state-of-the-art Olympic skating arena into a giant seafood freezer. Other than that, not much is certain about the country's post-Winter Games plans for a host of expensive venues. As officials prepare for the games in and around the small mountain town of Pyeongchang, there are lingering worries over the huge financial burden facing one of the nation's poorest regions. Local officials hope that the Games will provide a badly needed economic boost by marking the area as a world-class tourist destination. But past experience shows that hosts who justified their Olympics with expectations of financial windfalls were often left deeply disappointed when the fanfare ended. This isn't lost on Gangwon province, which governs Pyeongchang and nearby Gangneung, a seaside city that will host Olympic skating and hockey events. Officials there are trying hard to persuade the national government to pay to maintain new stadiums that will have little use once the athletes leave. Seoul, however, is so far balking at the idea. The Olympics, which begin Feb. 9, will cost South Korea about 14 trillion won ($12.9 billion), much more than the 8 to 9 trillion won ($7 to 8 billion) the country projected as the overall cost when Pyeongchang won the bid in 2011. Worries over costs have cast a shadow over the games among residents long frustrated with what they say were decades of neglect in a region that doesn't have much going on other than domestic tourism and fisheries. "What good will a nicely managed global event really do for residents when we are struggling so much to make ends meet?" said Lee Do-sung, a Gangneung restaurant owner. "What will the games even leave? Maybe only debt." ___ TEARING THINGS DOWN The atmosphere was starkly different three decades ago when grand preparations for the 1988 Seoul Summer Games essentially shaped the capital into the modern metropolis it is today. A massive sports complex and huge public parks emerged alongside the city's Han River. Next came new highways, bridges and subway lines. Forests of high-rise buildings rose above the bulldozed ruins of old commercial districts and slums. The legacy of the country's second Olympics will be less clear. In a country that cares much less now about the recognition that large sporting events bring, it will potentially be remembered more for things dismantled than built. Pyeongchang's picturesque Olympic Stadium — a pentagonal 35,000-seat arena that sits in a county of 40,000 people — will only be used for the opening and closing ceremonies of the Olympics and Paralympics before workers tear it down. A scenic downhill course in nearby Jeongseon will also be demolished after the games to restore the area to its natural state. Fierce criticism by environmentalists over the venue being built on a pristine forest sacred to locals caused construction delays that nearly forced pre-Olympic test events to be postponed. Gangwon officials want the national government to share costs for rebuilding the forest, which could be as much as 102 billion won ($95 million). ___ NO FISH Despite more than a decade of planning, Gangwon remains unsure what to do with the Olympic facilities it will keep. Winter sports facilities are often harder to maintain than summer ones because of the higher costs for maintaining ice and snow and the usually smaller number of people they attract. That's especially true in South Korea, which doesn't have a strong winter sports culture. Not all ideas are welcome. Gangwon officials say they never seriously considered a proposal to convert the 8,000-seat Gangneung Oval, the Olympic speed skating venue, into a refrigerated warehouse for seafood. Officials were unwilling to have frozen fish as part of their Olympic legacy. Gangwon officials also dismissed a theme park developer's suggestion to make the stadium a gambling venue where people place bets on skating races, citing the country's strict laws and largely negative view of gambling. A plan to have the 10,000-capacity Gangneung Hockey Center host a corporate league hockey team fell apart. Even worse off are Pyeongchang's bobsleigh track, ski jump hill and the biathlon and cross-country skiing venues, which were built for sports South Koreans are largely uninterested in. After its final inspection visit in August, the International Olympic Committee warned Pyeongchang's organizers that they risked creating white elephants from Olympic venues, though it didn't offer specific suggestions for what to do differently. Cautionary tales come from Athens, which was left with a slew of abandoned stadiums after the 2004 Summer Games that some say contributed to Greece's financial meltdown and Nagano, the Japanese town that never got the tourism bump it expected after spending an estimated $10.5 billion for the 1998 Winter Games. Some Olympic venues have proved to be too costly to maintain. The $100 million luge and bobsled track built in Turin for the 2006 games was later dismantled because of high operating costs. Pyeongchang will be only the second Olympic host to dismantle its ceremonial Olympic Stadium immediately after the games — the 1992 Winter Olympics host Albertville did so as well. ___ 'MONEY-DRINKING HIPPOS' Gangwon has demanded that the national government in Seoul pay for maintaining at least four Olympic facilities after the Games — the speed skating arena, hockey center, bobsleigh track and ski jump hill. This would save the province about 6 billion won ($5.5 million) a year, according to Park Cheol-sin, a Gangwon official. But the national government says doing so would be unfair to other South Korean cities that struggled financially after hosting large sports events. Incheon, the indebted 2014 Asian Games host, has a slew of unused stadiums now mocked as "money-drinking hippos." It would also be a hard sell to taxpayers outside of Gangwon, said Lee Jae-soon, an official from the Ministry of Culture, Sports and Tourism. Unlike the 1988 Olympics and the 2002 World Cup, which were brought to South Korea after bids driven by the national government, the provincial government led the bid for the Pyeongchang games and it did so without any commitment from Seoul over footing the bill. Under current plans, Gangwon will be managing at least six Olympic facilities after the games. These facilities will create a 9.2 billion won ($8.5 million) deficit for the province every year, a sizable burden for a quickly-aging region that had the lowest income level among South Korean provinces in 2013, according to the Korea Industrial Strategy Institute, which was commissioned by Gangwon to analyze costs. Hong Jin-won, a Gangneung resident and activist who has been monitoring Olympic preparations for years, said the real deficit could be even bigger. The institute's calculation is based on assumptions that each facility would generate at least moderate levels of income, which Hong says is no sure thing. He said that could mean welfare spending gets slashed to help make up the lack of money. South Korea, a rapidly-aging country with a worsening job market and widening rich-poor gap, has by far the highest elderly poverty rate among rich nations, according to Organization for Economic Cooperation and Development figures. If Seoul doesn't pay for the Olympic facilities, and Gangwon can't turn them into cultural or leisure facilities, it might make more sense for Gangwon to just tear them down. Park said the national government must step up because the "Olympics are a national event, not a Gangwon event.".....»»

Category: sportsSource:  abscbnRelated NewsDec 15th, 2017

Trump’s burger-fest brings roasting from late-night TV hosts

WASHINGTON --- Junk food for athletes? President Donald Trump's offer of greasy burgers and fries to the college football champion Clemson Tigers brought a roasting from late-night TV hosts. Trump, a fast-food lover, said he paid for the meal himself because of the partial government shutdown, which has led to furloughs among federal workers, including at the White House. Otherwise, he joked, first lady Melania Trump and Karen Pence, Vice President Mike Pence's wife, would be making salads. "I had a choice. Do we have no food for you, because we have a shutdown?" Trump told the team gathered Monday in the White House East Room. "Or do we give you some little quick salads tha...Keep on reading: Trump’s burger-fest brings roasting from late-night TV hosts.....»»

Category: newsSource:  inquirerRelated NewsJan 16th, 2019

Gov t will offer loans to Cordillera vegetable farmers – Piñol

MANILA, Philippines – Agriculture Secretary Emmanuel Piñol said the government will offer loans to farmers of the Cordillera Administrative Region who were forced to throw away truckloads of vegetables. Piñol said that the Department of Agriculture, through the Agricultural Credit Policy Council, has allocated P100 million for loans. Farmers will be ........»»

Category: newsSource:  rapplerRelated NewsJan 10th, 2019

Landbank to offer loans to rebel returnees

Former New People’s Army (NPA) rebels can now avail themselves of livelihood loans from the Land Bank of the Philippines, the Department of National Defense (DND) announced yesterday......»»

Category: newsSource:  philstarRelated NewsDec 18th, 2018

4,914 workers join DOLE training

KALIBO, Aklan – The Department of Labor and Employment (DOLE) Aklan Field Office facilitated the conduct of 16 sessions of the Compensation, Occupational Safety and Health, and Productivity for Employment (COPE) Training last September 2018. It was attended by a total of 4,914 formal sector workers from the different municipalities of Aklan as well as […] The post 4,914 workers join DOLE training appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsNov 28th, 2018

Mangudadatu bares P100-M offer to drop case vs Ampatuans

COTABATO CITY---Maguindanao Gov. Esmael "Toto" Mangudadatu on Thursday told Malacaang officials he was offered P100 million to drop the charges against those behind the massacre that killed his wife Genalyn, several relatives, and at least 30 media workers nine years ago.   Mangudadatu made the revelation for the first time during a news conference at the site of the killings, where Palace officials joined relatives of the 58 victims in offering prayers for the deceased.   The governor did not go into specifics, only naming a certain Ariel Galindez as the emissary who made the offer.   Galindez, he said, later died in a vehicular crash somewhere in So...Keep on reading: Mangudadatu bares P100-M offer to drop case vs Ampatuans.....»»

Category: newsSource:  inquirerRelated NewsNov 23rd, 2018

R.A. 11057 to Help MSMEs Acquire Loans

Universal and commercial banks (U/KBs) in the Philippines are expected to hike their Agri-Agra rule compliance through the Personal Property Security Act, which effectively increases the list of assets that small businesses can use as loan collaterals. “We hope that this will enable them to be able to comply with the mandatory credit allocation for […].....»»

Category: newsSource:  metrocebuRelated NewsNov 20th, 2018

Philippines very careful with China s loan deals — Diokno

Following United States Vice President Mike Pence's warning against China's offer of loans to poorer countries, Budget Secretary Benjamin Diokno said the Philippines is "very careful" on the matter......»»

Category: newsSource:  philstarRelated NewsNov 19th, 2018

Gov’t wants 20% islanders in Boracay workforce

BORACAY, Aklan – The Department of Environment and Natural Resources is still keen on relocating thousands of this island’s workers to the mainland area. But with “higher” cost of living and the transportation expenses to and from Boracay, how will the government be able to limits the island’s carrying capacity? Environment Secretary Roy Cimatu, who also […] The post Gov’t wants 20% islanders in Boracay workforce appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsOct 28th, 2018

‘BETTER BORACAY’: Was the 6-month shutdown worth it?

BORACAY, Aklan – Naysayers could say whatever they want to say but for majority of this island’s stakeholders, the sacrifices they had to endure were all worth it. After all, residents, workers, and big businesses alike felt the brunt when the island shut down to tourists six months ago. From financial losses to mental stress, […] The post ‘BETTER BORACAY’: Was the 6-month shutdown worth it? appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsOct 28th, 2018

WATCH: Tourists, workers see Boracay come to life again

AKLAN, Philippines – Tourists and workers arrive at the "new" Boracay on Friday, October 26, to see the island come to life on the first day it was opened to the public. The Philippine government officially opened the island 6 months after it was closed due to its environmental problems. After months-long ........»»

Category: newsSource:  rapplerRelated NewsOct 26th, 2018

Employers offer P20 minimum wage hike

An employers group finds "acceptable" a P20 increase in daily minimum wage for workers in Metro Manila, an amount that is way below the P344 that a labor group is seeking to allow them to recover lost purchasing power.   The Employers Confederation of the Philippines (Ecop) cautioned against a significant pay increase, saying it would further jack up prices of goods and result in the closure of several businesses and loss of jobs for thousands.   Ecop made known its stand during the second consultation meeting conducted on Wednesday by the Regional Tripartite Wage and Productivity Board, which is hearing the petition for the P344 wage increase filed by the Associate...Keep on reading: Employers offer P20 minimum wage hike.....»»

Category: newsSource:  inquirerRelated NewsOct 25th, 2018

PAL s Mabuhay Maritime to offer Kalibo-Boracay ferry service

BATANGAS, Philippines – Tourists coming from Kalibo in Aklan province will soon have a more comfortable option to travel straight to the world-famous island of Boracay. Mabuhay Maritime Express (MME), a subsidiary of flag carrier  Philippine Airlines (PAL) , is launching a Kalibo-Boracay ferry service with travel time of only an hour ........»»

Category: newsSource:  rapplerRelated NewsOct 23rd, 2018

GSIS offers relief to inactive members with overdue loans

State-run Government Service Insurance System (GSIS) will soon offer a one-time condonation and restructuring program to inactive members with overdue loans......»»

Category: financeSource:  philstarRelated NewsOct 20th, 2018

DFA to welcome 105 repatriates under UAE amnesty program

A total of 105 overseas Filipino workers (OFWs) who availed of the amnesty offer of the Unites Arab Emirates (UAE) for undocumented foreign nationals will be repatriated on Thursday, according to the Department of Foreign Affairs (DFA). In a statement issued on Wednesday, the DFA said this would the 11th batch of OFWs to be repatriated, which brings the total number of Filipinos flown home by the government agency to 1,301 since the start of the UAE's amnesty program in August. READ:Undocumented Filipinos urged to avail of UAE amnesty program Foreign Affairs Secretary Alan Peter Cayetano said the DAF shouldered the exit fines and other penalties and the cost of airline tickets to Ma...Keep on reading: DFA to welcome 105 repatriates under UAE amnesty program.....»»

Category: newsSource:  inquirerRelated NewsOct 3rd, 2018

‘Fake news’ causes panic in Boracay voter’s registration

FALSE information caused residents and workers in Boracay Island to panic in the final days of the voter’s registration for the 2019 midterm polls. Commission on Elections (Comelec)-6 Regional Director Dennis Ausan said the workers stormed their office in mainland Aklan after being informed that they cannot work in the island if they are not […] The post ‘Fake news’ causes panic in Boracay voter’s registration appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsSep 30th, 2018

Why the ‘gig’ economy may not be the workforce of the future

WASHINGTON --- The "gig" economy might not be the new frontier for America's workforce after all. From Uber to TaskRabbit to YourMechanic, so-called gig work has been widely seen as ideal for people who want the flexibility and independence that traditional jobs don't offer. Yet the evidence is growing that over time, they don't deliver the financial returns many expect. And they don't appear to be reshaping the workforce. Over the past two years, for example, pay for gig workers has dropped, and they are earning a growing share of their income elsewhere, a new study finds. Most Americans who earn income through online platforms do so for only a few months each year, accordi...Keep on reading: Why the ‘gig’ economy may not be the workforce of the future.....»»

Category: newsSource:  inquirerRelated NewsSep 24th, 2018

SSS has released P49.8 million in pension loans since September 2017

The Social Security System has already released P49.8 million in pension loans to 1,976 pensioners who availed of the first-of-its-kind loan program piloted by the state-run pension fund this month. In just 12 days after the pension loan program was launched on Sept. 3, Emmanuel F. Dooc, SSS president and chief executive officer, said they were "very much overwhelmed with the influx of applicants in our SSS branches." The pension loan was initially offered at 34 SSS branches across the country. Dooc said 50 additional branches would offer the loan program for SSS pensioners, including 14 in Metro Manila that began to accept applications since Sept. 19, on top of 36 nationwide th...Keep on reading: SSS has released P49.8 million in pension loans since September 2017.....»»

Category: newsSource:  inquirerRelated NewsSep 23rd, 2018

CBS, MCBL to offer public school teachers salary loans that come with life insurance

China Bank Savings Corp. (CBS) and Manulife China Bank Life Assurance Corp. (MCBL) are set to provide automatic payroll deduction salary loan that comes with free life insurance. In a statement sent to reporters on Wednesday, CBS and MCBL said they partnered with the Department of Education (DepEd) to offer Easi-Automatic Payroll Deduction Salary Loans […] The post CBS, MCBL to offer public school teachers salary loans that come with life insurance appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsSep 5th, 2018