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DOLE lauds outstanding Public Employment Service Offices across nation
The Department of Labor and Employment urged collective action to address the Philippines’ job problems on 25 October during the 23rd National PESO Congress in Palo, Leyte. DOLE Secretary Bienvenido E. Laguesma stressed in his speech the vital role of Public Employment Service Offices or PESO and DOLE’s frontline partners in promoting productive employment at the local level. “The responsibility of realizing the objectives of the Philippine Labor and Employment Plan and the Trabaho para sa Bayan Act is not the DOLE’s responsibility alone. It is jointly shared with our social partners, especially our PESOs. The challenges we face in our employment landscape demand collective action and innovative solutions,” Laguesma said. Laguesma also emphasized the need for open and constructive dialogue with PESO managers across the nation as he bared the department's five-point agenda, which includes strengthening its core functions, fortifying partnerships with employers and educational institutions and digitalizing public employment services. DOLE conferred awards to PESOs with outstanding accomplishments in the past year during the 2022 National Search for Best PESO Awards. Among the accomplishments are the 2.4 million jobseekers employed through the facilitation of PESOs, which translates to a 91 percent placement rate across the regions. PESO Bataan won in the first-class province category, PESO Lanao del Norte in the second-class province category and PESO Aurora in the third to fifth class category. DOLE also hailed PESO Iloilo City as champion for the highly urbanized city category and PESO Oroquieta City, Misamis Occidental for the component and independent component city category. Among the awardees for the municipal PESOs were PESO Villasis, Pangasinan (first class municipality category); PESO Pila, Laguna (second to third-class municipality category); and PESO Llanera, Nueva Ecija (fourth to sixth-class municipality category). The University of Batangas was elevated to the Hall of Fame for winning the search for best PESO in 2018 and 2019 and the Bayanihan Service Award in 2020 and 2021. The university job’s placement office received a trophy and a P250,000 cash prize. The post DOLE lauds outstanding Public Employment Service Offices across nation appeared first on Daily Tribune......»»
Domestic aviation rebounds this year
The local aviation industry, which was badly hit by the global health crisis, is seen to achieve full recovery this year. This was according to the International Air Transport Association in a recent forum organized by the European Chamber of Commerce of the Philippines. During the Aviation Forum last week, Yuli Thompson, area manager for the IATA in Southeast Asia, said the Philippines and the rest of the Asia Pacific region’s aviation market is swiftly recovering and seeing a consistent rise in terms of growth in international and domestic travel. Thompson said passenger traffic trends for international flights in the Philippines were logged at 75 percent of 2019 levels as of June 2023. As for the Asia Pacific passenger forecast, Yuli maintained that domestic travel will fully recover in 2023, while international travel will occur sometime in 2026. Further, Asia Pacific will be seen to lead in traffic growth in the next 20 years. “However, overcoming current challenges riding on the current momentum, and meeting full recovery will require strong interventions from all players in the aviation sector,” he said. Infra investments For his part, Cebu Pacific Air chief executive officer Michael Szucs emphasized the need to invest in infrastructure, citing that “Philippine carriers will need to quadruple in size to cater to growing demand.” In her keynote speech, Secretary Grace Poe urged stakeholders to support necessary infrastructure investments, especially following the air system glitch incident earlier this year. The senator called for the acquisition of a new Communication, Navigation, and Surveillance/Air Traffic Management. Poe also recommended the hiring of a third-party maintenance provider for the CNS/ATM system. “It is my hope that the government, the private sector, and other stakeholders can work together and collaborate on air transport projects which will not only generate economic growth but also provide our people with excellent and affordable public services that can improve the quality of life for all,” she said. Also filed by Poe is Senate Bill 1121 which proposes the creation of a Philippine Transportation Safety Board. Under the directive of the current Marcos administration, Department of Transportation Undersecretary for Aviation and Airports Roberto Lim highlighted the government’s key priorities, including aviation safety and strengthening of learning institutions. Lim further noted the agency’s priority of strengthening the Civil Aviation Training Center and engaging with the private sector as close partners for Air Transport Skills Training and Development. “If we are able to train our air traffic controllers, we would not only meet our own requirements, but the requirements of other countries. We can develop this on an institutional basis,” said Lim. Open up the industry Kurt Edwards, director general of the International Business Aviation Council, also raised the fact that much could be gained “by opening the industry and making it more known to people.” In terms of managing safety risks, Captain Manuel Antonio Tamayo, director general of the Civil Aviation Authority of the Philippines, shared initiatives to advance safety capabilities in the aviation sector through the State Safety Program. The program employs a risk-based approach to regulations, capacity building and integration of a new organizational structure for monitoring and evaluation. Meanwhile, Transportation Secretary Jaime Bautista stressed that the DOTr’s goal to rehabilitate the Ninoy Aquino International Airport through a public-private partnership agreement, which he said, will present a “landmark opportunity for economic growth, improved infrastructure, and a world-class travel experience.” Added Bautista, “We are also developing regional airports, such as the unsolicited proposals for the operations and maintenance of the Bicol International Airport, Bohol-Panglao International Airport and Laguindingan Airport.” The post Domestic aviation rebounds this year appeared first on Daily Tribune......»»
DITO passed 4th technical audit
DITO Telecommunity, a China-backed company that broke the industry duopoly of Globe and PLDT, has passed its fourth government-mandated technical audit that measures its compliance with network coverage and internet speed commitments. In a letter sent to DITO Telecommunity chief administrative officer Adel Tamano, the National Telecommunications Commission or NTC confirmed that it passed its fourth yearly technical audit. The independent audit is part of the conditions outlined in the Certificate of Public Convenience and Necessity or CPCN given to the company. The Independent Auditor’s Report of Factual Findings from the Conduct of Specified Procedures — Year 4 Committed Levels of Service dated 29 August submitted by R.G. Manabat & Co. to the NTC stated that DITO surpassed its target. As part of the issuance of its CPCN in July 2019, DITO Telecommunity needs to record 70.01 percent network reach with a minimum speed of 55 Mbps in the third year of its commitment period. Notably, the audit showed that DITO now covers 80.65 percent of national population coverage. Affordable Internet fulfilled Its minimum average broadband speed or MABS, meanwhile, clocked in at 74.97 Mbps for 4G and 639.32 Mbps for 5G for all sites with a combined MABS of 357.14 Mbps. “Despite all the challenges that we have faced, we continue to achieve our commitments to government and the Filipino people, to provide affordable world-class service and to serve the underserved. This is in support of the Marcos administration’s drive towards digitalization and Nation-building,” Tamano said. If DITO fails to fulfill its commitments on time, the government forfeits, in its favor, the P25.7 billion performance bond that DITO paid before construction activities. DITO has promised to cover 84 percent of the Philippines and offer a minimum average speed of at least 55 Mbps by the end of its commitment. DITO recently conveyed that unresolved interconnection issues with its rivals have been affecting its subscriber base expansion as well as its development of new products for users. The PCC affirmed DITO’s complaints last year over the alleged anti-competitive behavior of its rivals regarding their interconnection deals. PCC said it found “reasonable grounds to open a preliminary inquiry into the complaints filed by Dito Telecommunity against Globe Telecom and Smart Communications.” Under Executive Order 59 issued by late President Fidel V. Ramos in 1993, interconnection is a mandated and important component of the telco industry as it allows interoperability and exchange of calls, SMS, and other information from one network to another. The post DITO passed 4th technical audit appeared first on Daily Tribune......»»
Better sports facilities pushed
As chairperson of the Senate Committee on Sports, I am saddened by the dilapidated state of the country’s iconic sports facilities. The Philippine Institute of Sports Multi-Purpose Arena, popularly known as PhilSports Arena, has come a long way from the time it was built in 1985 to house the Philippine Basketball Association until the league moved out in 1993 due to the lack of maintenance of the venue. The last time it was renovated was in 2019, when the country hosted the 30th Southeast Asian Games. Among PhilSports Arena’s main facilities are the Multi-purpose Arena, Swimming Center, and Football and Athletic Stadium. While the arena was greatly enjoyed as a sports facility, it also served as a temporary shelter for evacuees after Tropical Storm Ondoy and Typhoon Pepeng struck the Philippines in 2009, adding to the facility's wear and tear. A quick look at the PhilSports Arena and the other sports facilities nationwide should make us realize that we should invest more in rehabilitating our iconic sports facilities. As I have suggested during the budget deliberations in the Senate, prioritizing funding for sports facilities would have been better than putting flood control projects in areas with little to no population. This concern about the support we are providing our athletes has motivated me to author and co-sponsor Republic Act No. 11470, which established the National Academy of Sports at New Clark City in Capas, Tarlac. In collaboration with the Philippine Sports Commission and the Department of Education, NAS now offers a specialized secondary education program focused on sports where students can study and train simultaneously. I have also filed the Philippine National Games bill, which aims to provide a structure for a more comprehensive national sports program, linking grassroots sports promotion to national sports development by having a mini Olympics regularly. Providing opportunities to our youth will help develop their potential in sports but will also help keep them away from vices such as illegal drugs. I continue to support establishing sports-related programs and infrastructure to divert the youth from the lure of addiction and criminality. This is also part of my three-pronged approach to combat illegal drugs in the Philippines – law enforcement, rehabilitation, and prevention. Yesterday, I witnessed the Philippine ROTC Games 2023 Luzon Qualifying Leg opening ceremony held at Cavite State University – Indang Campus in Indang, Cavite. With Sen. Francis Tolentino, I encouraged our young cadets who participated in various competitions to get into sports and stay away from drugs. I have also remained faithful to my promise to visit and help our fellow Filipinos in most parts of the country. On 16 September, we attended the groundbreaking of a Super Health Center in Manolo Fortich, Bukidnon. We also visited the town of Damulog, where I inspected projects I have supported, such as a public market, road concreting project, evacuation center, solar street lights, and a multipurpose building. Later that day, we also attended the 25th Anniversary of Public Safety Basic Recruit Course Class 1998-Alpha at Acacia Hotel in Davao City. On 15 September, we attended a meeting of state universities and colleges leaders held in Davao City and hosted by Commission on Higher Education Chair Prospero de Vera. The night before, we also joined leaders from the CHEd, the University of the Philippines System, and various SUCs to honor the appointment of Atty. Angelo Jimenez, a fellow Mindanaoan, as the 22nd President of the University of the Philippines. We took the opportunity to voice our commitment to elevating the standard of education nationwide. This is also the reason why Republic Act No. 10931, or the Universal Access To Quality Tertiary Education Act, was enacted into law during the time of former president Rodrigo Duterte. Today, we continue to pursue this further as I co-authored and co-sponsored Senate Bill No. 1360, which aims to widen the reach of the law further. We visited Bislig City in Surigao del Sur to participate in its 23rd Charter Day festivities. We handed out grocery packages to 32 newlywed couples during a community wedding and inaugurated the country’s 159th Malasakit Center at the Bislig District Hospital. This is the seventh Malasakit Center in the Caraga region and the 40th in Mindanao. Our team also provided direct aid, including grocery packs, to 129 patients and 191 front liners, including security guards, utilities, and hospital staff. On 15 September, my office also attended the groundbreaking of Super Health Centers in New Washington and Malay in the province of Aklan. Meanwhile, we continue to support livelihood programs, especially those that can help people experiencing poverty overcome crises. Through our support, the Department of Trade and Industry provides livelihood kits to qualified beneficiaries affected by calamities and teaches them how to grow their businesses for the benefit of their families. Among those we have helped are 20 from Dipaculao, Aurora; 57 from Sanchez Mira and Abulog, Cagayan; 100 affected by the earthquake in Montevista and New Bataan, and 50 in Nabunturan in Davao de Oro; 196 in Malalag and Sulop, Davao del Sur; 20 in Mangatarem, Pangasinan; 21 victims of Typhoon Egay in Pigcawayan, North Cotabato; 132 shear line victims in Gingoog City, Misamis Oriental; and 36 beneficiaries from Lutayan and Columbio, Sultan Kudarat, and General Santos City. We also continue to support the National Housing Authority’s distribution of emergency housing assistance to disaster victims so they can purchase roofing, nails, and other home repair materials. We assisted beneficiaries, including 85 fire victims in Imus City, Cavite. Meanwhile, my office helped the 65 fire victims in Bacolod City, Negros Occidental. We also provided assistance to 75 TESDA graduates in Victorias City, Negros Occidental. We also distributed additional support to workers who lost their jobs, beneficiaries of the TUPAD program of the Department of Labor and Employment, including 413 in Talibon, Bohol, and 150 in Plaridel, Bulacan. We also aided 333 poor residents in Paluan, Occidental Mindoro; and 234 in Antipolo City, Rizal. Together, let us continue bringing government services closer to Filipinos in need – from better sports facilities more accessible healthcare services, and implementing various programs to help uplift communities affected by crises. The post Better sports facilities pushed appeared first on Daily Tribune......»»
Play relives Filipinos in Israel
Israel in Manila is paying homage to OFWs and late Migrant Workers Secretary Toots Ople through a one-act play by Israeli improv group Duda showing in Manila throughout the weekend. Duda presented a show based on the stories of some OFWs in Israel that the group interviewed prior to their performance in Manila. In attendance to the improv show held on 6 September were relatives of the OFWs in Israel, family and friends of then Secretary Ople, officials from the DMW, members of the diplomatic community, government officials, and friends of the embassy. There are around 30,000 Filipinos working as caregivers and hotel workers in Israel. The Israel is working closely with the Philippines, especially with the Department of Migrant Workers, to ensure that their rights are protected and respected. They are provided with medical insurance, pension fund, yearly leave with pay, and all of the social rights given under Israeli labor rules. The labor market in Israel is regulated by the rights of the employees. Ambassador Fluss also highlighted the OFWs in Israel who are hardworking, compassionate, and notable for their world-class care. He remembered Ople’s dedication as an advocate for OFWs: “In my close collaboration with her, I had the privilege of witnessing her unwavering commitment and compassionate leadership. Her unique blend of pragmatism and empathy made her a formidable advocate for OFWs. Together, we faced numerous challenges, driven by our shared commitment to enhance the lives of these unsung heroes. Her legacy of compassion, justice, and solidarity continues to inspire us all.” Improvisation or improv is a form of live theater in which the plot, characters, and dialogue of a story are unscripted and created spontaneously by the performers. Duda is one of the groups performing at the Manila Improv Festival which is the biggest improv festival in Asia. The group will be the opening act of the festival on 8 September at 7:30 p.m. in Ayala Malls Circuit Makati. This is the second time for Duda to join the improv fest in Manila, the first one was way back in 2019. In addition to the performances, the group is expected to do a workshop on applied improv with Filipino medical practitioners and an outreach event in an orphanage. Fluss acknowledged the deep relations between the Philippines and Israel, a historical, profound bond rooted in shared values and fortified by vibrant cultural cooperation: “Cultural collaboration has played a pivotal role in reinforcing this bond. Through a rich tapestry of cultural exchanges, we have deepened our understanding of each other’s heritage and fostered a sense of unity and camaraderie. Culture is the bridge that connects our hearts and minds.” The post Play relives Filipinos in Israel appeared first on Daily Tribune......»»
Salmon, Oradian seal partnership serving unbanked Filipinos
Oradian has included fintech innovator Salmon in its roster of valued customers, providing expertise by adopting Oradian’s advanced core system to drive its growth strategy, and to help the government attain its goal of improving the numbers of unbanked Filipino Currently servicing tens of thousands of customers, Salmon is a consumer fintech company built by a team of finance professionals and entrepreneurs and backed by world-class investors that develop better and more inclusive financial products with a focus on innovation, flexibility, security, relentless focus on customer care and added value for clients. The fintech firm started originally with in-store purchase financing, as Salmon had intended to expand its range of financial services to cover all the daily needs of clients in the Philippines and beyond, bridging the financial inclusion gap for millions of consumers. “We’re delighted to have found a technology partner in Oradian. As we enter a new stage of our institutional development and ready ourselves to deliver new product offerings, Oradian provides some essential tools that will power our continued growth,” said George Chesakov, CEO and co-founder of Salmon in a press conference on Wednesday. Founded in 2022, Salmon has already attracted a cumulative $36 million in equity and debt funding, reflecting deep confidence in its business model and growth potential. Essential recipe “Oradian offers a vital combination of flexible, scalable, best-in-class technology and comprehensive in-market customer support and expertise that enables us to drive growth, scale rapidly, and boost our performance. This is an essential recipe for remaining competitive in an increasingly crowded fintech landscape,” said Chesakov. Salmon’s early success is indicative of the strength and health of the Philippines’ financial technology market, particularly as the Bangko Sentral ng Pilipinas and the national government seek to promote digital lending and boost financial inclusion. The BSP in its report last month said 22 million Filipinos have gained access to formal financial accounts between 2019 and 2021. According to the 2021 Financial Inclusion Survey of the BSP, 34.3 million Filipino adults remained unbanked, as the country’s banked population was at about 56 percent of all adults in 2021, improving from just 29 percent in 2019. First cloud-native core banking system Oradian, the first cloud-native core banking system to be used by BSP-regulated financial institutions in the Philippines, has been serving institutional customers for more than 10 years, enabling enhanced growth and performance with its cloud-native, API-enabled platform. Reflecting on this new partnership, Antonio Separovic, CEO and co-founder of Oradian said: “Oradian’s mission is to partner with high-growth, tech-enabled financial institutions to drive growth and promote financial inclusion for last-mile communities. “Oradian’s system is designed for sophisticated tech-led teams like Salmon that leverage technology to scale financial services throughout the entire community — we’re excited to work alongside George and Salmon’s team as they meet these goals.” The post Salmon, Oradian seal partnership serving unbanked Filipinos appeared first on Daily Tribune......»»
Rolling Stones album of new songs out next month
The Rolling Stones will release their first album of new music in 18 years next month, lead singer Mick Jagger, fellow founding bandmate Keith Richards and bass guitarist Ronnie Wood announced Wednesday in London. The album, "Hackney Diamonds", is the first since the death of drummer Charlie Watts in 2019, and the first containing original material since 2005's "A Bigger Bang". "We didn't want to make just any record and put it out," Jagger, 80, told a launch event at the Hackney Empire theatre in east London, hosted by US talk show host Jimmy Fallon and livestreamed on YouTube. "I'm not saying we're big-headed about it but we're pleased with it and we hope you all like it," the octogenarian rocker said. The Stones' 24th studio album, set for release on October 20, has 12 tracks, with the single "Angry" the first to come out. Wood, 76, confirmed during the launch that superstar Lady Gaga features on another, "Sweet Sound of Heaven", adding she "sings really sweet" on it. Two of the tracks were recorded with Watts in 2019. The others feature Steve Jordan, whom Watts recommended to replace him. "Ever since Charlie's gone it's different," said 79-year-old guitarist Keith Richards of recording the new album without one of the band's founders. "He's number four, he's missing, he's up there. Of course he's missed incredibly." Already acclaimed "Hackney diamonds" is English slang for the shards of glass left scattered on the ground after smash-and-grab robberies, and refers to the historically working class east London neighbourhood. "It's like when you get your windscreen broken on a Saturday night in Hackney," Jagger joked. Throngs of people crowded outside the event venue, including those without tickets who came out of curiosity and hoping to spot the band. "I've been following the Stones since I was four years old and I'm from round here -- it's my backyard," said musician and fan Rory McGlinchey. "It's crazy that they're here!" Wearing a Rolling Stones t-shirt, he said the new release was "great news". "Can't wait," he told AFP. Critics have already hailed the release as the band's best work in many decades. Will Hodgkinson, rock and pop critic for Britain's The Times newspaper, said it is "unquestionably the best Stones album since 1978's 'Some Girls'". "Variously poignant, irreverent, anarchic and, in one gospel-tinged moment, quite spiritual, it touches on all the aspects we love about the band, glued together by the rambunctious energy they have made their own since the early Sixties," he wrote. The Daily Telegraph's music reviewer Neil McCormick said "Angry" was "their best single in four decades". The Stones also unveiled the single's typically rock'n'roll video. It sees the band playing from Los Angeles' billboards as scantily-dressed, leather-clad "Euphoria" actress Sydney Sweeney writhes to the soundtrack in the back of a convertible red Mercedes driving through the city. Teaser The Rolling Stones' last studio album was 2016's "Blue & Lonesome", which was made up of blues covers. "We've been very lazy," said Jagger. "We've been on the road most of the time." The band teased the release of the new album through a spoof advert in the local Hackney Gazette newspaper. The cryptic ad, which also appeared in sister title the Islington Gazette, referenced several of the band's best-known songs including "(I Can't Get No) Satisfaction", "Gimme Shelter" and "Shattered". The ad went on: "Opening our new store on Mare Street, September 2023. Our friendly team promises you satisfaction when you say gimme shelter we'll fix your shattered windows." Clues that the ad was not for a bona fide east London glass repair business included a miniature version of the band's famed lips logo to dot the letter i. The ad -- in the same font as the "Some Girls" album -- also says the firm was established in 1962, the same year the band was formed. Last year the Stones travelled through Europe for their 60th anniversary tour which featured stops in cities including Madrid, Milan and Munich, and also a performance at British Summer Time (BST) festival in London. Asked for the secret to their decades-spanning musical marriage, Jagger quipped: "not speaking too often". "How to say shut up politely," added Richards. The post Rolling Stones album of new songs out next month appeared first on Daily Tribune......»»
Asian Institute of Management appoints Erramon Aboitiz as new chairman
UnionBank of the Philippines chairman of the Board of Directors Erramon "Montxu" I. Aboitiz has taken on a pivotal role as the new chairman of the Board of Trustees at the Asian Institute of Management beginning 1 September 2023. Aboitiz joins an esteemed group of accomplished business leaders who share the commitment to advance the growth and well-being of Asia and its people. Montxu is the seventh chairman of AIM, succeeding Peter Garrucho who assumed the role in 2017. Montxu served as the president and CEO of Aboitiz Equity Ventures for a decade from 2009 to 2019, and briefly as the CEO of Aboitiz Power Corporation in 2018. Additionally, Montxu is a former trustee of the Philippine Disaster Resilience Foundation before Aboitiz Group president and CEO Sabin Aboitiz assumed the same role. Montxu earned a Bachelor of Science degree in Business Administration with a major in Accounting and Finance from Gonzaga University in Spokane, Washington, USA. In 2011, he received the Management Man of the Year award from the Management Association of the Philippines and was recognized as Entrepreneur of the Year by Ernst & Young. Seven years later, AIM conferred an honorary doctorate degree in management on Montxu. In 2019, the Aboitiz Group, through its social responsibility arm the Aboitiz Foundation, made a $10 million donation to AIM, marked as the Aboitiz 100th Anniversary Commitment Fund. The said fund is being used to address the local and regional gap in data science and innovation. With this donation, AIM’s Aboitiz School of Innovation, Technology and Entrepreneurship conducts world-class teaching and research with real-world applications with data science professionals and leaders. The post Asian Institute of Management appoints Erramon Aboitiz as new chairman appeared first on Daily Tribune......»»
QC orders localized class suspension
The Quezon City government early morning Monday left the discretion of suspending classes due to continuous rain to barangay and school officials , Angelbert Apostol, the city information chief, announced. Those who immediately ordered the suspension of classes are Barangay Holy Spirit for its (Public Pre-school to Senior High School — Morning and Afternoon Class); Barangay Bagong Silangan (Public Pre-school to Senior High School) and Barangay Payatas (Public Pre-school to Senior High School). Apostol said the discretion is allowed through Memorandum Circular No. 10-A series of 2022 under the Department of Education Order 037 series of 2022. Suspension of classes in private schools, on the other hand, is left to the discretion of school officials. Apostol added that decision to suspend classes is left to the barangay for having their own “pre-disaster risk assessment” in consultation with school officials. Over a year ago exactly on 22 August 2022, Quezon City Mayor Joy Belmonte issued a Memorandum Circular No. 10 instructing the local School Division Office and Public and Private Education Institutions to adhere to Localized Suspension of Classes due to typhoons, floodings and other weather disturbances and calamities. The circular noted an “automatic suspension classes” based on Department of Education 014 Series of 202, that dictated “classes shall automatically be suspended in case the Philippine Atmospheric Geophysical and Astronomical Services Administration has declared the following typhoon signal: Signal Number 1 — all public and private pre-school kindergarten classes; Signal Number 2 or higher — public and private pre-school kindergarten elementary and secondary classes. College and university level classes are suspended if the typhoon signal is raised to Number 3, pursuant to Commission on Higher Education Memorandum Order No. 15 Series of 2019 ordering an automatic suspension of classes on Higher Education Institutions when Signal Number 3 is raised by PAGASA. It also carries an order that suspension of work in public schools “shall be in accordance with DepEd Order No. 14 Series of 2021 and CHEd Memorandum Order No.15 Series of 2012 for HEIs.” Meanwhile, the cities of Parañaque and Pasay yesterday suspended classes in all levels in public and private schools due to inclement weather. Parañaque City Mayor Eric Olivarez ordered the suspension in all levels both in public and private schools upon the recommendation of the Disaster Risk Reduction and Management Office. The mayor said the recommendation of suspension of classes by the DRRMO was due to the continuous southwest monsoon rains enhanced by typhoon “Hanna.” Residents were told, especially those living in low-lying areas, to immediately call the city government in case of emergencies through its hotline numbers. (For landline: 8820-PQUE (7783), for Smart : 0961-096-6341 and for Globe users at 0956-394-0176.) All residents were advised by the mayor to just stay home for their safety. Pasay City Mayor Emi Calixto-Rubiano also suspended online and face-to-face classes in all levels both in public and private schools. The mayor advised residents living in flood-prone areas to be alert and vigilant as rains continue to pour. The post QC orders localized class suspension appeared first on Daily Tribune......»»
This writers’ workshop loves Filipino literature
The Palihang Rogelio Sicat discussion on 21 June held in UP Diliman looked and sounded like an art class session. Manolo Sicat, the well-known artist and sculptor, was delivering a demo-lecture on printmaking. He said figures and words can go together in a work of art. [gallery columns="2" size="full" ids="175634,175632"] He had a PowerPoint presentation of print images. A pair of prints of a couple of dancers were passed around. One was in black and white, the other in color. Texture and motion were their immediate charm. “But what has printmaking to do with us?,” said Christian Balagoza, a boyish writer. “We’ll know when we get the printmaking session,” said sir Reuel Aguila, director PRS 16 (2023). Art collab This is the latest PRS innovation. When the session was held a few days later, Sicat conducted an honest-to-goodness printmaking workshop at the UP College of Fine Arts. A colleague, Prof. Ambie Abano, welcomed the group and opened her atelier to show mural-sized prints made from wooden originals. It is the artist’s impressive collection of prints featuring landscapes of lush trees in dark, brooding background. Fellows from the previous online batch joined the art activity. During the three-hour session, everyone polished her rubber board, chiseled images and texts, and finally print the works on paper. They were amazed to pick up the skill fast and admire the results in no time. Thumbs and nails got smudged with sticky ink yet everyone was smiling at the wet and black artworks clipped on wires that crossed the studio. 16 years of PRS This is one of the activities that make PRS unique. Thanks to its founders -- dramatist Reuel Aguila, retired professor now a lecturer at the UP, and fictionist Jimmuel Naval, dean of the UP College of Arts and Letters. The partner is always on the lookout for ingenious ways to improve the workshop, all for the good of young writers. PRS began as an informal workshop of a number of young writers held in the mansion of Ligaya Tiamson Rubin in Angono, Rizal, in 2008. Today, fellows accepted in the workshop are pegged at 15. Fellows like the idea that they are the main commentators of the manuscripts. During workshops, they get to be the lead discussant. “They learn to be critical and not rely too much on the opinion of the panelists,” said Aguila. The PRS is the only writers’ workshop that aspires to be mobile, going around the country to make its appellation ‘national’ true. It literally brings the creative writing life closer to practitioners. PRS collaborates with local governments, and with their support the workshop had been to Palayan City, Nueva Ecija (2009); Baler, Aurora (2010); Alfonso, Cavite (2011); Sta. Cruz, Marinduque (2012); Angeles City, Pampanga (2014); and Makati City (2015). It also cooperates with the academe as in UP Visayas-Tacloban (2017), UP Baguio (2018) and UP Los Baños (2019). There were times PRS stayed at its home base UP Diliman like during the 50th anniversary of the UP Department of Filipino and Philippine Literature (UP-DFPL) in 2017. It went online as Zoom conference twice during the pandemic. With the renowned writer Rogelio Sicat as PRS idol, the workshop chooses Filipino language as its medium of writing literature. It also accepts works from the region’s translated into Filipino. Institutional support PRS is the official outreach program of the UP-DFPL whose incumbent chair Schedar DT Jocson said that from the beginning, it has supported PRS and its objectives. Many of its panelists are from the department, including alumna Dr. Lulu Torres-Reyes, the PRS 16 guest of honor. Other PRS supporters include the UP Sentro ng Wikang Filipino (UP-SWF). “We are honored to be part of a movement that brings Philippine literature closer to the common people. PRS writers enrich the catalog of our website,” said director Jayson Petras. Friends and business people also support PRS, like Palawan Pawnshop / Palawan Express Padala company. Lively discussion about literature An hour of PRS discussion on a story or poem does not exhaust its reading or interpretation. To address the gap, sessions are set beyond the allotted time and well into almost midnight. Fellows do not seem to mind as they are very eager to huddle with seniors who are just as willing to forego of an early bedtime. PRS goes one more step. In 2022, it created post-workshop online sessions. Here, senior and beginning writers discuss new works. Everyone is excited to have these disquisitions that aim to improve writing skills. Dedication is demanded from both sides. The recent PRS workshop had the Sicat siblings Luna and Manolo beaming with pride. They were quite surprised to know that almost 300 young writers had already experienced the workshop. PRS is also proud that esteemed writers served as its panelists, including Bienvenido Lumbera, Edgardo Reyes, Ricardo Lee, Rogelio Ordoñez, Lualhati Bautista, Rosario Lucero, Elmer Ordoñez, Jose Dalisay, Marne Kilates, Jess Santiago, Fidel Rillo, Edgardo Maranan, Lilia Quindoza Santiago, Delfin Tolentino, Bonifacio Ilagan, Frank Cimatu, Joi Barrios-Le Blanc, Chris Millado, Jerry Gracio, Richard Gappi, Eros Atalia, Joselito delos Reyes, Choi Pangilinan and Junley Lorenzana Lazaga. PRS connects the lives of senior and beginning writers. Rogelio Sicat would be proud of this long -running project named after him. The post This writers’ workshop loves Filipino literature appeared first on Daily Tribune......»»
Bong Go continues efforts to improve public service delivery
Senator Christopher “Bong” Go remains committed to supporting economic recovery and bolstering the healthcare system in various communities. Being an adopted son of Zambales, he continues to help improve public service delivery in the province. In a speech during his visit to Olongapo City, Zambales, on Saturday, 19 August, Go reiterated his dedication to providing immediate aid to communities in need especially the poor. “Huwag po kayong magpasalamat sa akin. Parati naming naririnig ‘salamat Senator Bong Go, salamat (dating) pangulong (Rodrigo) Duterte sa mga tulong.' Sa totoo lang po, kami po ang dapat magpasalamat sa inyo dahil kami po’y mga probinsyano na binigyan n’yo po ng pagkakataon na makapagserbisyo po sa inyo. Maraming salamat po sa inyong lahat,” Go said. “Hinding-hindi ko po sasayangin ‘yung pagkakataong ibinigay ninyo sa akin, magtatrabaho po ako para sa Pilipino. Wala po akong piling oras, Lunes hanggang Linggo, umaga hanggang gabi magtatrabaho po ako para sa Pilipino sa abot ng aking makakaya,” he added. Go and his team distributed grocery packs, vitamins, masks, and snacks to 2,000 struggling residents, composed of persons with disabilities, solo parents, and transport workers, at the Rizal Triangle Multipurpose Center. The senator likewise gave away bicycles, shoes, mobile phones, watches, shirts, and basketball and volleyball balls. Meanwhile, financial support was also extended by the DSWD to assessed beneficiaries. The relief operation was in partnership with the Olongapo City local government, in coordination with Congressman Jay Khonghun and Mayor Rolen Paulino, Jr. “Ang tawag po sa kanya ay Mr. Malasakit. Alam niyo kung bakit? Kasi po yung puso niya (ay may malasakit), malapit sa tao si Senator Bong Go. At maliban po diyan, siya ang nagsulong ng mga Malasakit Centers… At gusto ko lang din ipaalam sa inyo na si Senator Bong Go po ay matagal na niya akong tinutulungan upang magkaroon tayo ng Malasakit Center dito sa hospital natin,” Paulino said in his speech, referring to ongoing efforts to establish a Malasakit Center in Olongapo in coordination with DOH. “Thank you very much po. Napakalaking tulong po ng ginagawa niyo sa amin… Siya po yung nagiging susi para marami pa tayong matulungan. Ang totoo po diyan, ang tinutulungan niya po ay hindi lang Olongapo, buong Zambales ang natutulungan ninyo,” Mayor Paulino continued. To further help alleviate the burden of poor and indigent patients, Go maintained his support for the continued operations of Malasakit Centers nationwide, including the one at President Ramon Magsaysay Memorial Hospital in Iba town. Initiated in 2018 and institutionalized under Republic Act No. 11463, which was principally authored and sponsored by Go in 2019, these centers serve as a vital bridge between the government and the people, offering streamlined access to medical assistance programs from concerned agencies, including the Department of Social Welfare and Development (DSWD), Department of Health (DOH), Philippine Health Insurance Corporation (PhilHealth), and Philippine Charity Sweepstakes Office (PCSO). Currently, there are 158 Malasakit Centers nationwide and, according to DOH, these centers have helped more than seven million Filipinos nationwide. “Ang Malasakit Center po is a one stop shop. Nasa loob na po ng ospital ang apat na ahensya ng gobyerno – PhilHealth, PCSO, DOH, DSWD na handang tumulong sa ating mga kababayan. ‘Yan po ang Malasakit Center, batas ‘yan na isinulong ko noon, pinirmahan ni dating Pangulong Duterte. One stop shop po ‘yan, lapitan n’yo lang po, para po ‘yan sa poor and indigent patients,” said Go in an interview after the event. Go's vision for a stronger healthcare sector continues through his advocacy for the establishment of more Super Health Centers (SHCs). Recognizing the importance of accessible healthcare services, especially after experiencing a global health crisis, Go has championed the cause of establishing these centers to provide primary care, early detection of diseases, and needed medical consultations to a broader range of citizens. Go cited that necessary funds have been allocated last year for DOH to construct SHCs in Iba, Botolan, and Castillejos, while another center will be established in Castillejos under the 2023 budget. The SHCs are medium versions of polyclinics and are bigger than rural health units, which offer basic services, such as database management, out-patient, birthing, isolation, isolation, diagnostic (laboratory: x-ray, ultrasound), pharmacy, and ambulatory surgical unit. Other available services are eye, ear, nose, and throat (EENT) service, oncology centers, physical therapy and rehabilitation center, and telemedicine where remote diagnosis and treatment of patients will be done. “Ang ikinaganda po nito, (pwede na) diyan na po magpapakonsulta. It will help decongest the hospital. Importante ang early detection ng sakit para hindi na lumala at hindi na kailangan dalahin sa ospital. Magpakonsulta po kayo sa Super Health Center para mabigyan kayo agad ng primary care,” Go encouraged. Through Resolution No. 205 dated 8 August 2022, the Sangguniang Panlalawigan of Zambales pronounced Go as its adopted son, noting that the senator has "embodied the spirit of good governance and public service" by exerting great efforts to help the whole province. To ensure the progress of the city, Go, vice chairperson of the Senate Committee on Finance, supported the road rehabilitation along Elicano Street East Bajac-Bajac and the improvement of drainage canals in Barangay Barretto. On the same day, Go was in Subic where he was the guest speaker during the commencement exercise of Kolehiyo ng Subic, Class Matalaghay 2023. The post Bong Go continues efforts to improve public service delivery appeared first on Daily Tribune......»»
Settled doctrines on sexual harassment (3)
Sexual harassment engenders three-fold liability: Criminal, to address the wrong committed against society; civil, to address the private wrong against the offended party; and administrative, to protect the public service. Criminal liability for sexual harassment notwithstanding, the offended party may pursue a separate civil action. Aside from the actual perpetrator, the employer or the head of office or institution may also be impleaded in an independent action for damages. They would be solidarily liable for damages if they did not take immediate action on a sexual harassment complaint. Unlike in a criminal action where the penalty is a fine, imprisonment, or both, the penalty in an administrative action is, at most, dismissal from the service. This is because an administrative action seeks to protect the public service by imposing administrative sanctions on the erring public officer. In prosecuting an offender for sexual harassment, the intent is immaterial. The mere commission is sufficient to warrant a conviction. The threshold is whether an act violates and/or threatens the personal space and physical safety of another person, regardless of the motive for committing the act. Guided by the foregoing, let’s take a quick look at actual cases of sexual harassment decided by the Supreme Court. In the case of Escandor v. People (G.R. No. 211962, 6 July 2020), the complainant testified to several acts of sexual harassment, including the respondent’s acts of grabbing her hand, kissing her, engaging in improper conversations, touching her thigh, giving her gifts, telling her that “she was the kind of girl he really wants,” asking her out on dates, and sending her text messages telling her that he missed her, that she looked beautiful, and that he loved her. The complainant stated that these acts made her feel disrespected, humiliated, cheap, uneasy, and frightened. She also could not concentrate on her work, could not sleep, and found herself “staring into empty space.” Without any doubt, the Supreme Court held that the respondent’s acts resulted in an intimidating, hostile, and offensive environment for the complainant, thereby making him guilty of sexual harassment. In another case (A.C. No. 5900, 10 April 2019), a professor was charged for allegedly unwanted sexual advances or innuendos against his students. One of his students recounted that in one of her class recitations, she sought clarification of a question propounded to her, saying, “Sir, come again?” The professor retorted, “What? You want me to come again? I have not come the first time and don’t you know that it took me five minutes to come, and you want me to come again?” In his defense, the professor said the joke was intended for himself and that in fact, the students had laughed at the joke. In ruling against the professor, the Supreme Court stated that the professor’s remarks could not be categorized as an innocent joke meant only to lighten the mood of the class. It was readily apparent that the remark was tasteless, vulgar, and crude and had no place in an academic setting. It was not clever wordplay or a mere statement with a sexual innuendo as its intended meaning was obviously discernible. The professor’s attempt at humor failed miserably as his words clearly referred to himself needing five minutes to ejaculate again. The professor’s statements made the student uncomfortable and embarrassed her in front of her classmates as it went beyond an innocent joke and was instead a gross graphic and insensitive remark. Thus, the Supreme Court ruled that the professor abused the power and authority he possessed over the students. His sexually laced conduct had created a hostile and offensive environment that deeply prejudiced his students. In what was supposed to be a safe place for them to learn and develop, they were instead subjected to unwarranted sexual advances. In another case, however, the Supreme Court clarified that casual gestures of friendship and camaraderie, done during festive or special occasions, and with other people present do not constitute sexual harassment. In Aquino v. Acosta [429 Phil. 498 (2002)], the Supreme Court ruled that the act of greeting a person with a kiss on the cheek, in “beso-beso” fashion, was not shown to have been carried out with lustful and lascivious desire or was motivated by malice or ill motive. The Court explained that pecks on the cheeks should be understood in the context of having been done on the occasion of some festivities, as busses on cheeks were simply friendly and innocent, bereft of malice and lewd design. Ultimately, therefore, it is a matter of respecting each other’s boundaries and creating safe spaces for everyone. For more of Dean Nilo Divina’s legal tidbits, please visit www.divinalaw.com. For comments and questions, please send an email to cabdo@divinalaw.com. The post Settled doctrines on sexual harassment (3) appeared first on Daily Tribune......»»
M& A perking up healthcare players
Fortman Cline Capital Markets or FCCM, a corporate finance advisory and consulting firm, said Monday that small and independent hospitals as well as community clinics are now being left behind due to a “highly-fragmented” healthcare industry landscape. This landscape presents opportunities for mergers and acquisitions or M&A among the big players, which according to FCCM services managing director Francis del Val could help small players to keep up and sustain operations. “It is something that we need to collectively focus on, those in the middle such as the independent hospitals, are the ones feeling the squeeze — those experiencing financial challenges and unavailable to grow their utilization because they don’t have enough allied healthcare professionals,” Del Val said. Del Val noted that these players particularly need access to bigger capital to sustain their operations. Enhanced efficiencies “Before we have community clinics in Poblacion, in the center of the town, if they fail, it means our patients would need to travel further. They are the ones at most risk,” he added. The FCCM executive also noted that consolidations and alliances will allow the industry to become more efficient, and respond faster to emerging trends in the healthcare industry as well as to the impact of the Universal Health Care or UHC signed in 2019. Aside from the growing middle class and the impact of the UHC, the local healthcare industry also has the potential to grow further through medical tourism, he said. Likewise, he revealed that several equity investors, with as much as $200 billion in funds, have reached out to FCCM to look for industry partners and local partners. According to the Department of Health, there are 1,071 private hospitals and 721 public hospitals. Among the public hospitals, 70 of them are being operated by the DoH. The post M&A perking up healthcare players appeared first on Daily Tribune......»»
‘Left behind’ hospitals, clinics to benefit from mergers, acquisitions
Fortman Cline Capital Markets or FCCM, a corporate finance advisory and consulting firm, said Monday that small and independent hospitals as well as community clinics are now being left behind due to a “highly-fragmented” healthcare industry landscape. This landscape presents opportunities for mergers and acquisitions or M&A among the big players, which according to FCCM services managing director Francis S. Del Val could help small players to keep up and sustain operations. “It is something that we need to collectively focus on, those in the middle such as the independent hospitals, are the ones feeling the squeeze — those experiencing financial challenges and unavailable to grow their utilization because they don’t have enough allied healthcare professionals,” Del Val told reporters at a press briefing. Del Val noted that these players particularly need access to bigger capital to sustain their operations. “Before, we have community clinics in the poblacion, in the center of the town. If they fail, it means our patients would need to travel further. They are the ones at most risk,” he added. The FCCM executive also noted that consolidations and alliances will allow the industry to become more efficient and respond faster to emerging trends in the healthcare industry as well as to the impact of the Universal Health Care or UHC signed in 2019. Aside from the growing middle class and the impact of the UHC, the local healthcare industry also has the potential to grow further through medical tourism, he said. Several equity investors, with as much as $200 billion in funds, have reached out to FCCM to look for industry partners and local partners, he added. According to the Department of Health, there are 1,071 private hospitals and 721 public hospitals. Among the public hospitals, 70 are being operated by the DOH. The country’s leading hospital owners are led by Metro Pacific Health, with 3,895 beds; United Laboratories’ Mount Grace Hospitals, with 1,700 beds; St. Luke’s Medical Center, with 1,250 beds; The Medical City, with 1,040 beds, and AC Health, with 531 beds and over 100 clinics. Citing a research study by Congress, the country’s healthcare expenditure — including building healthcare facilities as well as paying for claims — reached P1.16 trillion in 2021, which represented a growth of 15 percent from the previous year. FCCM is a Hong Kong-based management consultancy firm focused on providing strategic advisory services to emerging conglomerates operating in specialized industries in Southeast Asia, among others. The post ‘Left behind’ hospitals, clinics to benefit from mergers, acquisitions appeared first on Daily Tribune......»»
Kai’s last chance
Up to now, Kai Sotto’s stint in the FIBA Basketball World Cup remains unclear. Sure, he has been in the country for over two weeks and has been attending some Gilas Pilipinas events, but the fact that he has yet to actually train with his teammates is making Chot Reyes anxious. Sotto is tipped to play a crucial role in the Gilas squad. His 7-foot-3 frame, athleticism and feathery shooting touch from the perimeter will be needed when the Filipinos battle the best players in the world in the prestigious basketball spectacle from 25 August to 10 September. But it will be impossible for Reyes to involve Sotto in his game plan if he has yet to actually see him banging bodies with his fellow big men like World Cup veterans June Mar Fajardo and Japeth Aguilar, as well as rising star AJ Edu. It is no secret that Sotto’s dream is to make it to the National Basketball Association. He was still a gangly kid when he started joining the Junior NBA program before moving to Ateneo de Manila University and eventually donning the national colors in various age-group events — the biggest and most prestigious was the 2019 FIBA U19 Basketball World Cup in Greece. A lot of offers came his way, including a chance to play for prestigious European clubs like Alba Berlin, Real Madrid, Barcelona and Baskonia, but Sotto, then 17, decided to bring his talent to the United States — not to enter play at the collegiate level — but to make a daring leap straight into the NBA. After training at The Skill Factory, he joined Team Ignite, a developmental team in the NBA G League that aims to prepare athletes for the NBA. At Team Ignite, Sotto showed some promise as he played for former Los Angeles Lakers coach Brian Shaw together with future NBA players Jalen Green, Jonathan Kuminga, Daishen Nix, and Isiah Todd. But when Team Ignite was about to start its season and enter the G League bubble in Orlando, Sotto shockingly flew home and joined Gilas in the 2021 FIBA Asia Cup Qualifiers. Ignite eventually dropped Sotto, prompting him to look for other ways to realize his dream of becoming the first full-blooded Filipino to make it to the NBA. He found one in Australia. He played for the Adelaide 36ers in the National Basketball League and had some measure of success. In fact, he was able to gauge his prowess when the 36ers played against Chris Paul, Devin Booker, DeAndre Ayton and the Phoenix Suns in an NBA preseason match. After a couple of seasons in Australia, he moved to Japan to play for the Hiroshima Dragonflies in the B League. He had some impressive games, but it wasn’t enough to earn the attention of NBA coaches, scouts, and talent evaluators. Still, he joined the NBA Summer League. Playing against veteran free agents, journeymen, and incoming rookies looking to earn spots on the opening-day rosters of NBA teams, Sotto rode the Orlando Magic bench in their first three games before making his debut against the Portland Trail Blazers, recording six points, four rebounds and three blocks in their 71-88 loss. Sotto tried to play in his fifth game, but he was slowed down by a back injury. His return to Manila was surrounded by controversy as he failed to join the Gilas squad that was set to go to China for the final leg of its preparations for the World Cup. He opted to stay home to “rest and recover” from his back injury. Until when? It’s something that only Sotto and his American handlers know. But Sotto should realize that the doors of the NBA are slowly closing on him. He already made a bad decision by snubbing the invitations of top European clubs as well as prestigious American collegiate programs like Kentucky, Georgia Tech and Auburn that could have helped him develop his game and gain confidence while playing against kids his age. Instead of staying patient and working on his game away from the prying eyes of NBA scouts, he rushed the process by signing up with Team Ignite before committing another massive blunder of flying back to Manila just before the G League season tipped off. Now he has only one chance — the FIBA Basketball World Cup. A lot of Filipinos ranging from Johnny Abarrientos to Aguilar, Kiefer Ravena and Ray Parks all tried — and failed — to make it to the NBA. On the contrary, Sotto is being presented with a rare opportunity to display his talent and carry the torch in a world-class event. Sadly, despite repeatedly saying that he is ready, his body language suggests that he is reluctant to step up to serve as the hero of this basketball-crazy nation. The clock is ticking for Sotto. The doors of the NBA are slowly closing right before his very eyes. He has to lace his sneakers, grab that Gilas jersey, and play his heart out for the country in the FIBA Basketball World Cup before he becomes another “what if” in the history of Philippine basketball. The post Kai’s last chance appeared first on Daily Tribune......»»
Fortman Cline declared Best M& A Advisory Team in SE Asia
Fortman Cline Capital Markets was recently named the Best Mergers and Acquisitions Advisory Team in Southeast Asia for 2023 by Capital Finance International, a premier London-based print journal and online resource for business, economics and finance. In recognition of FCCM’s work as a corporate finance advisory and consulting firm, CFI wrote that the firm has “demonstrated a track record on assisting entrepreneurs and family businesses achieve transformational growth via joint ventures, external fund-raising placements, and inorganic acquisitions.” “In addition, it has assisted a number of entrepreneurs monetize their businesses via strategic transactions with responsible partners that could transform businesses towards a larger scale. The team has also developed specialized practices in healthcare, consumer businesses, infrastructure, and logistics. It has complemented its workforce with industry professionals,” CFI further said. The CFI award program aims to demonstrate “the many ways in which the economies of the world are converging” and the awards are given to individuals and organizations “that truly add value.” This is the second time that CFI has bestowed the recognition to FCCM. The first time was in 2019. That same year, FCCM was also given the Most Innovative Solutions Provider Award from International Finance, Inc. FCCM has been ranked as one of the top M&A firms in the Philippines by Bloomberg and in Southeast Asia by Thomson Reuters. “Having meaningful dialogues with our clients over a company’s lifecycle is very important. This develops customer loyalty, and annuity like revenue streams vis-à-vis a transaction-oriented approach to business,” said FCCM president and co-founder Daniel D. Ibasco. FCCM acted as one of the two financial advisers of Professional Services Inc., the company that owns The Medical City, as it recently sealed the deal with Luxembourg-based CVC Capital Partners. The deal will involve a control entry by CVC over the hospital’s Philippine assets and operations through a combination of convertible notes and secondary share purchases via an ongoing tender offer. FCCM has also assisted PSI in refinancing $146 million worth of guaranteed obligations of its subsidiary in Guam with non-recourse long-term debt from a syndicate of South Korean lenders. FCCM has assisted TMC grow into one of the largest healthcare networks in the Philippines through a series of multiple transactions performed for TMC over the last 10 years. In November 2022, FCCM advised TMC on the issuance of up to P12.7 billion of convertible notes to Universal Healthcare Services, Pte., Ltd., which is managed by CVC. The move is part of the hospital’s recapitalization program. “The current industry environment is ripe with opportunity driven by a demand for quality healthcare services, an increase in healthcare spending, and a growing middle class population,” Ibasco said. Prior to the CVC-TMC deal, FCCM advised Mang Inasal Philippines Inc. on its sale of a 70-percent stake to Jollibee Foods Corporation, and All First Equity Holdings on its acquisition of a 60-percent equity stake in Philippine Geothermal Production Company, Inc. from Chevron Geothermal Philippines Holdings, LLC (USA). The firm was also the financial advisor of San Miguel Corporation’s acquisition of Citra Tollways’ interest in the Southern Luzon Expressway, the sale of Air 21 Group to AC Logistics Holdings Corporation, the sale of 51% of The Generics Pharmacy to Robinson Retail Holdings, Inc., Bounty Fresh Food Inc.’s $300 million acquisition of Tegel Foods Ltd. in New Zealand, Fernwood Holdings, Inc.’s acquisition of a 100-percent stake in Liquigaz Philippine Corporation, and more. Before founding FCCM along with Gary P. Cheng in 2007, Ibasco headed Asian Capital Markets and Southeast Asian Investment Banking for Bear Stearns and Co. in Singapore and Hong Kong. He has over 30 years of experience in investment banking, debt and equity capital markets, private and venture equity and special situations, specializing in emerging markets and Southeast Asia. Cheng, on the other hand, is currently the Managing Director of FCCM. He was the president and CEO of Amalgamated Investment Bancorporation and has worked with J.P. Morgan in New York, Hong Kong, and London. Ibasco and Cheng are joined in the top executive positions by Clarisse T. Tan and Michael C. Tiutan, Executive Directors for the Investment Banking Group. Earlier in the year, FCCM established a management consulting arm under the leadership of Francis S. Del Val, who has more than three decades of global executive experience. The post Fortman Cline declared Best M&A Advisory Team in SE Asia appeared first on Daily Tribune......»»
POGO’s 2022 tax payment up 127% to P8.88-B
After the pandemic's economic recovery, tax and gaming officials in the country reported positive numbers for Philippine offshore gambling businesses even though the number of POGOs in the country is going down. Data from the Department of Finance (DOF) showed that tax payments made by POGOs to the Bureau of Internal Revenue (BIR) surged by 127 percent to P8.88 billion in 2022 from P3.91 billion in the previous year. POGO companies also paid P805.99 million in income taxes, P43.2 million in business taxes, P19.42 million in document tax stamps, and P9 million in other taxes. The big tax increase aligns with what Philippine Amusement and Gaming Corp. (PAGCOR) Chair and CEO Alejandro Tengco said. He said that gross gaming revenue from POGOs is expected to reach P24 billion by the end of 2023, which is more than double what it was the year before. PAGCOR is still optimistic about its prediction, even though the number of registered POGOs has steadily declined. As of 18 July, there were only 32 POGOs, down from 281 at the height of the pandemic in 2019. Tengco said that this year's goal would be easier to reach because PAGCOR is committed to eliminating illegal gaming operators and works well with law enforcement to do so. He also said that PAGCOR would use stricter monitoring methods and add new fees to make it easier for them to stop people from running illegal gaming sites. Since July, PAGCOR has put in place strict rules that make it easy to fine and punish POGO operators and service providers who are caught doing illegal things. "We shall undertake this painstaking process to weed out the unscrupulous companies and individuals using the Pagcor license for illegal activities, tainting the name of the whole industry and most especially the Philippines," Tengco said in a recent conference in Macau. As of 18 July 2023, PAGCOR has 32 active offshore gaming licenses and accredited 106 service providers, while it has canceled 46 POGO licenses and 228 service providers, including those in the special class of business process outsourcing. In March of this year, PAGCOR made the decision to terminate its consultancy contract with a company engaged in auditing the revenues and cash flows of POGOs, citing their failure to fulfill contractual obligations and alleged engagement in "unlawful acts." Meanwhile, Tengco said that PAGCOR has accredited gaming system service providers for a range of gaming categories, such as traditional Bingo, electronic Bingo, electronic (eCasino) Games, sports betting, and e-billiards. Furthermore, licensed brick-and-mortar casinos have been granted permission by PAGCOR to employ remote gaming platforms exclusively for their live casino games, specifically catering to registered casino players. As of 17 July 2023, PAGCOR has licensed a total of 20 gaming system service providers and has also authorized eight other online or remote gaming platforms. In the first semester of the year, the gross gaming revenues across the industry, as reported by PAGCOR, soared to P136.37 billion, a substantial increase of 48.7 percent compared to the P91.72 billion recorded in the previous year. Tengco expressed confidence that the Philippines will emerge as a more enticing gaming and entertainment hub for investors and guests in the region. He attributed it to the fine-tuning of regulatory policies. The post POGO’s 2022 tax payment up 127% to P8.88-B appeared first on Daily Tribune......»»
PAY DIRT
The Philippines has once again proven its love for motorsports, with the Tarlac Rally leading the charge in bringing back the excitement of rally racing to the country. The season-opening event, which took place on 24 to 25 June found its home at the New Clark City in Capas, Tarlac, a venue famous for hosting the 2019 Southeast Asian Games. During this thrilling event, the New Clark City served a dual purpose, acting as both the parc fermé and service park for the rally. The first round of the Tarlac Rally comprised 11 electrifying special stages. The rally’s transport stages were all found along the O’Donnell Road, which functioned as the main artery of the event. [caption id="attachment_155560" align="aligncenter" width="525"] NEW Clark City serves as venue for the 2023 Tarlac Rally, marking the triumphant return of stage rallying in the country. | Photographs courtesy of Philippine Rallycross Series[/caption] Of the 12 teams that dared to tackle the challenging rally event, only half were successful in crossing the finish arch, marking the completion of the arduous 100-plus kilometer rally. A shining star among the competitors was Paul Santos, the Group 2 classification's champion, and his navigator Ansley Sarmiento. The duo, who have an impressive pedigree in the sport, including titles such as the 2022 Philippine Rallycross Group 3 Champion and 2022 AAP Driver of the Year for Rallycross, drove their No.1 Honda Civic EK to victory, with an overall time of 45 minutes and 14 seconds. Following closely behind in second place were veteran rally driver Jun Magno and navigator Kalvin Sumagui. Magno, driving his 3S-GE Beams-powered BMW E36 in the Rear-wheel-drive class, clocked in at 45 minutes 30 seconds. [caption id="attachment_155562" align="aligncenter" width="525"] THIS 80s model KE70 Toyota Corolla of Devor Andres and Rommel Ocoy takes third place.[/caption] The third spot on the podium was claimed by off-roader and dirt bike rider Devor Andres, alongside co-driver Rommel Ocoy. Despite racing in the oldest car in the rally, a 1980s Toyota Corolla KE70, the duo managed an impressive total rally time of 50:22, earning them the Group 4 win. Completing the top four were Touge Battle race organizers E.Z. Ligaya and Stephen Alunan, who drove the Debest Autofix BMW 316i E36 to finish with a time of 53:14. This Full Throttle Weekend duo not only managed a fourth-place overall finish in the rally but also secured second place in the RWD class. The first place in Group 1 was swept up by Marvin Susara and his navigator Charlie Cruz. They finished fifth overall, just managing to cross the line in their 2NZ-powered Corolla E100 at SS11, with a total rally time of 55:31. The Automobile Association Philippines CEO Mark Desales and co-driver Ricxie dela Cruz also demonstrated determination, finishing the race despite mid-rally challenges. The duo managed a total time of 59:59, securing Group 1's second place and a sixth-overall finish. The 2023 Tarlac Rally wouldn't have been possible without the backing of various organizations and corporations, including the Bases Conversion and Development Authority, New Clark City, Tarlac province, Capas LGU, San Jose LGU, Cleanfuel, Ravenol, Autoplus Sport, Isuzu Philippines Corporation, Accelera Tires, Aguila Auto Glass, AC Delco, JS Mina Sound System, Print & Mount, Method Race Wheels and Tyron Runflat. Their support was integral to bringing back the excitement of rally racing to the Philippines, marking a significant step in the nation's motor sports renaissance. The post PAY DIRT appeared first on Daily Tribune......»»
New jail chief to follow ‘BJMP Plan 2040’
The incoming 10th Chief of the Bureau of Jail Management and Penology on Tuesday said he will continue working on the BJMP’s J.A.I.L. Plan 2040, the Department of the Interior and Local Government’s “Buhay Ingatan, Droga’y Ayawan” Program, and the Marcos administration’s Philippine Development Plan 2023-2028. BJMP J.A.I.L. Plan 2040 stands for Journey for Advancement Innovation and Long-term Development Plan 2040. Jail director Ruel Rivera was appointed by President Ferdinand “Bongbong” Marcos Jr. Monday evening. In his new role as BJMP chief, Rivera said he is committed to the BJMP’s mandate of providing secure, reformation-oriented, and well-managed jail facilities across the country. Rivera said he will work closely with BJMP personnel, stakeholders, and partners to uphold the BJMP commitment to professionalism, integrity and service excellence. Rivera will be leading the BJMP’s 20,813 personnel in taking care of 126,606 persons deprived of liberty confined in 479 jails and with a nationwide congestion rate of 365 percent. A member of PATNUBAY Class of 1995, Rivera received his degree in Public Safety from the Philippine National Police Academy. He pursued a Master’s in Public Administration at Batangas State University and acquired Doctorate units in Philosophy on Educational Management at the University of Rizal System. The Daily Tribune learned that throughout Rivera’s career, the new BJMP chief has consistently demonstrated exceptional leadership skills, strategic thinking, and a deep understanding of the complexities and challenges faced by the Jail Bureau. He played a vital role in implementing innovative programs and initiatives aimed at enhancing the effectiveness of the BJMP’s operations and the rehabilitation of PDL. In his 28 years in public service, Jail Director Rivera brings a distinguished career in jail management to this position. With his years of experience in various capacities within the BJMP, he displayed exemplary dedication and commitment to the bureau’s mission of ensuring safe and humane custody of PDL. He never shied away from being deployed to various regional offices as a staff officer, Regional Chief of Directorial Staff and Assistant Regional Director, until his eventual ascent to the seat of the Regional Director of BJMP-MIMAROPA from 2013 to 2014. Rivera also became the NHQ’s Chief of the Finance Service Office, Director for Investigation and Prosecution, Director for Logistics, and Director for Comptrollership, before joining the BJMP’s Command Group, the decision-making body of the Jail Bureau, serving as the Chief of Directorial Staff in 2017, Deputy Chief for Operations in 2018, Deputy Chief for Administration in July 2019, and Acting Chief, BJMP on March 27, 2023. Rivera replaced General Allan Iral who optionally retired from the service at the age of 54 after reaching the maximum tour of duty of four years as BJMP chief last June 23, 2023. The post New jail chief to follow ‘BJMP Plan 2040’ appeared first on Daily Tribune......»»
Bong Go bats for better fire prevention, sends aid to Parañaque fire victims
Senator Christopher “Bong” Go remains committed to help Filipinos affected by crisis situations as he sent his team to assist fire victims residing in Barangays La Huerta and San Dionisio in Parañaque City on Friday, 9 June. Go’s team held the relief activity at Villanueva Village Basketball Court and distributed grocery packs, snacks, vitamins, shirts and masks to a total of 76 affected households. The senator's personnel also gave away shoes and mobile phones to select recipients. Aside from the senator’s team, a team from the Department of Social Welfare and Development extended financial assistance to further help the victims recover from the damage caused by the fire incident. Through his video message, Go maintained that the government continues to prioritize better fire prevention efforts as the Bureau of Fire Protection is currently undergoing a modernization program, following the enactment of Republic Act No. 11589 in 2021. The BFP Modernization Act, which was primarily authored and co-sponsored by Go, mandates the agency to undergo a 10-year modernization program to transform the bureau into a world-class institution that would significantly improve its capability to respond to fire-related incidents by recruiting more firefighters, acquiring new fire equipment and developing specialized training, among others. “Sa pag-iikot ko ng bansa para makatulong sa mga nasunugan, nakita ko po talaga ang importansya ng pagpapalakas ng ating fire prevention campaigns. Kaya naman nagpapasalamat ako sa dating pangulong Rodrigo Duterte sa pag-apruba ng BFP Modernization Act para mas lalo pang lumakas ang kapasidad ng ahensya,” expressed Go. “Sa mga nasunugan naman po, alam ko pong napakahirap ng panahon ngayon at kayo po ay nasunugan pa pero huwag po kayong mawalan ng pag-asa. Ang pera naman po ay kikitain pero ang pera ay hindi po nabibili ang buhay. A lost life is a lost life forever. Kaya mag-ingat po tayo palagi,” he reminded. Go then offered additional assistance to any resident in need of medical care as he encouraged them to seek the services of the Malasakit Center located at Ospital ng Parañaque. After he witnessed the struggles of financially disadvantaged Filipinos in settling their medical expenses, Go initiated the Malasakit Centers program in 2018 and was institutionalized under Republic Act No. 11463 in 2019, which he principally authored and sponsored. The center houses relevant agencies where patients can conveniently avail medical assistance programs, such as DSWD, Department of Health, Philippine Health Insurance Corporation and Philippine Charity Sweepstakes Office. There are now 158 Malasakit Centers nationwide. Go likewise mentioned that Super Health Centers will be strategically located in the city as identified by the DOH, including two in different barangays. Through the collective efforts of fellow lawmakers, sufficient funds had been allocated for 307 Super Health Centers in 2022 and 322 in 2023. The DOH, as the lead implementing agency, identifies strategic areas where these centers will be built. Services offered in Super Health Centers include database management, out-patient, birthing, isolation, diagnostic (laboratory: x-ray and ultrasound), pharmacy and ambulatory surgical unit. Other available services are eye, ear, nose, and throat service, oncology centers, physical therapy and rehabilitation center and telemedicine, where remote diagnosis and treatment of patients will be done. Aside from the assistance provided, Go, who is Vice Chair of the Senate Committee on Finance, supported several initiatives in the city to ensure its progress amid crisis situations. Among the projects are the rehabilitation and construction of several multipurpose buildings, rehabilitation of drainage in Brgy. Don Bosco, improvement of the Parañaque River Promenade Bridge and acquisition of an ambulance unit. Last 2 June, Go’s team also assisted more fire victims in the city. The post Bong Go bats for better fire prevention, sends aid to Parañaque fire victims appeared first on Daily Tribune......»»