Limiting access to SALNs not a good thing for public s confidence in gov t — Diokno
"Without those lifestyle checks, without the access to [Statement of Assets, Liabilities and Net Worth], you're actually putting blinders not only on the press but on the public and that’s not a good thing for confidence in our government," Diokno said......»»
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Pag-IBIG collections up to P67B in Q3 as more members increase savings
Pag-IBIG Fund members collectively saved P66.73 billion during the first nine months of 2023, up by P6.3 billion or 10% year-on-year, as more members contributed more than the required Pag-IBIG monthly savings, agency officials announced Monday (23 Oct). "We are happy that more Filipino workers are saving with Pag-IBIG Fund. The trust and confidence in our savings programs continue to grow as proven by our record-high members’ savings collections in January to September 2023. This is good news because the increase in the savings collected shall allow us to finance the increasing demand for our home loans and short-term loans, and thus allow us to serve more members. This is in line with the directive of President Marcos to provide financial access to better the future of every Filipino,” said Secretary Jose Rizalino L. Acuzar, who heads the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees. Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta, meanwhile, noted that the collections from the agency’s mandatory Regular Savings and voluntary MP2 Savings both increased during the period and have posted new record-highs. Collections from the Pag-IBIG Regular Savings amounted to P31.6 billion, an increase of 7% from the P29.6 billion from the same period last year. The amount includes P7.69 billion in upgraded savings from members, or savings which members have voluntarily entrusted with Pag-IBIG Fund on top of the required monthly savings. The agency’s MP2 Savings, on the other hand, sustained its popularity as collections reached P35.13 billion, a 14% increase from the P30.81 billion collected as of September last year. “The record-high in members’ savings we collected from January to September this year shows the wider appreciation of our members on the benefits of saving with Pag-IBIG Fund. We are grateful that the biggest growth areas in our savings collections come from our voluntary MP2 Savings and from members who save more than their mandated monthly savings,” Acosta said. “We recognize that our members’ trust in our programs stems from how we have gained competitive returns on their savings over the past many years. We highly value that trust and that is why we assure them that we shall continue to prudently manage their hard-earned savings. That is the Lingkod Pag-IBIG way,” Acosta added.....»»
Amazon launches test satellites in challenge to Musk’s Starlink
Amazon launched two satellites on Friday as part of its plan to deliver the internet from space and compete with Elon Musk's Starlink service. The Atlas V rocket carrying the satellites lifted off from Cape Canaveral in Florida at 2:06 pm local time (6:06 pm GMT). The launch was carried out by the United Launch Alliance (ULA) industrial group, a joint venture between Boeing and Lockheed Martin. Once up and running, the company founded by Jeff Bezos says its Project Kuiper will provide "fast, affordable broadband to unserved and underserved communities around the world," with a constellation of more than 3,200 satellites in low Earth orbit (LEO). "We've done extensive testing here in our lab and have a high degree of confidence in our satellite design, but there's no substitute for on-orbit testing," said Rajeev Badyal, Project Kuiper's vice president of technology. The company has said it would invest $10 billion in the project and has booked 77 heavy-lift launches with commercial providers Arianespace, ULA, and Bezos-owned Blue Origin. The first operational satellites of the Kuiper project are due to be launched in early 2024, according to Amazon, which hopes for initial tests with customers at the end of next year. The test on Friday attempted to establish contact between the probes and Earth, deploy their solar panels, and confirm that all instruments are operating correctly and at the desired temperatures. The two prototypes will then be removed from orbit and disintegrated in the Earth's atmosphere at the end of the test mission. These services are designed to provide internet access to even the most remote and underserved areas around the world, including war zones or disaster-struck areas. Musk's SpaceX launched the first batch of its more than 3,700 operational Starlink satellites in 2019 and is by far the biggest player. Musk's ownership of Starlink caused uproar in Ukraine last month when it was revealed that he refused to turn on the service for a planned attack by Kyiv forces on Russia's Black Sea navy fleet last year. London-headquartered OneWeb is another early entrant in the emerging sector. Given the technology's strategic importance, governments are also keen to join the rush into the sector. China plans to launch 13,000 satellites as part of its GuoWang constellation, while Canada's Telesat will add 300 and German start-up Rivada is eyeing 600. That will be in addition to the European Union's Iris project -- 170 satellites -- and the 300-500 satellites planned to be launched by the US military's Space Development Agency. The post Amazon launches test satellites in challenge to Musk’s Starlink appeared first on Daily Tribune......»»
Herbosa no-show, but DOH 2024 budget hurdles Senate Finance panel
The Senate Committee on Finance on Thursday approved the proposed P311.3 billion budget of the Department of Health for the upcoming fiscal year without the attendance of Health Secretary Teodoro “Ted” Herbosa. Herbosa skipped the DOH’s budget deliberation, normally led by the agency’s head, days after he failed to secure the approval of the Commission on Appointment. During the budget deliberation, DOH senior officials led by Undersecretary Lilibeth David, former Officer-in-Charge Maria Rosario-Vergeire and Undersecretary Gloria Balboa presented the agency’s proposed budget. Senator Francis Tolentino specifically questioned Herbosa’s absence in the budget deliberation, fearing that the agency is now in an “auto-pilot mode”. Senator Pia Cayetano, who presided over the agency’s budget deliberation, quickly clarified that the DOH is not “headless”. “Actually, all of the senior members of the team approached me a while ago and they acknowledged that, of course, it is a bit of an awkward situation,” Cayetano said. “But as you all know, Usec Dr. Vergeire was the OIC for many years and was very actively exercising her leadership not just in the past year, but even during the time of President Duterte. Dr. Usec. David is the most senior undersecretary. So I’m quite confident in the presentation today that they can answer,” she added. Tolentino explained that he is asking for Herbosa’s presence because “budget presentations would require answers concerning accountability.” “And perhaps the head of the department should be the one doing that. Otherwise, it would be in an auto-pilot mode,” he said. For her part, Senator Loren Legarda also expressed confidence in the senior officials of the DOH. “Let me just say that I’m certain that our very competent Usecs. and Asecs. down the line would be able to communicate the policies of the Secretary who still has to be confirmed,” Legarda said. “I am very confident that they will be able to answer our questions. I do not think that they would divert from any policy of the Secretary or say anything that would be against his policies,” she added. Cyber-attack on PhilHealth Senators also touched on the recent cyber-attack on the Philippine Health Insurance Corporation or PhilHealth. Legarda quizzed PhilHealth officials about the effect of the cyber-attack on the state-run health insurer’s operation, as well as the steps being taken by the agency to prevent similar cases in the future. Responding to the lawmaker’s query, Atty. Eli Dino D. Santos, PhilHealth’s Executive Vice President and Chief Operating Officer, said the agency has yet to restore its online system. “All transactions are offline, and we've resume operations meaning membership, employer submission, and payment over the counter,” Santos said. “Our benefits availment continues. We have already informed our partner providers that while the system is turned off, they can still submit claims or prepare the submission of claims,” he added. “At present, to confirm the statement of our President, we are set to turn on our systems today, but we are still completing the preventive measures before we turn it on. We are targeting to turn on our PhilHealth website, member portal, as well as the e-claims.” Over the weekend, PhilHealth confirmed reports that there was an “information security incident” on its online system, which prompted them to turn it off as part of its “containment measures”. The Department of Information and Communications Technology previously stated that the agency’s system was attacked by Medusa ransomware. A multinational cyber security software company, Trend Micro, defines “ransomware” as a type of malware that prevents or limits users from accessing a system, either by locking the system’s screen or by locking the users’ files until a ransom is paid. The Medusa ransomware group was demanding $300,000 from PhilHealth in exchange for access to its system. The group threatened to leak the personal information of PhilHealth members if it did not pay the ransom. The state-run health insurer previously stated that it would not give in to the group’s demand. The post Herbosa no-show, but DOH 2024 budget hurdles Senate Finance panel appeared first on Daily Tribune......»»
DOH budget for 2024 hurdles Senate Finance panel without Herbosa
The Senate Committee on Finance on Thursday approved the proposed P311.3 billion budget of the Department of Health for the upcoming fiscal year without the attendance of Health Secretary Teodoro “Ted” Herbosa. Herbosa skipped the DOH’s budget deliberation, normally led by the agency’s head, days after he failed to secure the approval of the Commission on Appointment. During the budget deliberation, DOH senior officials led by Undersecretary Lilibeth David, former Officer-in-Charge Maria Rosario-Vergeire, and Undersecretary Gloria Balboa, presented the agency’s proposed budget. Senator Francis Tolentino specifically questioned Herbosa’s absence in the budget deliberation, fearing that the agency is now in an “auto-pilot mode”. Senator Pia Cayetano, who presided over the agency’s budget deliberation, quickly clarified that the DOH is not “headless”. “Actually, all of the senior members of the team approached me a while ago and they acknowledged that of course, it is a bit of an awkward situation,” Cayetano said. “But as you all know, Usec Dr. Vergeire was the OIC for many years and was very actively exercising her leadership not just in the past year, but even during the time of President Duterte. Dr. Usec. David is the most senior undersecretary. So I’m quite confident in the presentation today that they can answer,” she added. Tolentino explained that he is asking for Herbosa’s presence because “budget presentations would require answers concerning accountability.” “And perhaps the head of the department should be the one doing that. Otherwise, it would be in an auto-pilot mode,” he said. For her part, Senator Loren Legarda also expressed her confidence in the senior officials of the DOH. “Let me just say that I’m certain that our very competent Usecs. and Asecs. down the line would be able to communicate the policies of the secretary who still has to be confirmed,” Legarda said. “I don't think that the DoH body institution system comprised of career people who -- it may be a headless agency this is insofar other secretaries concerned -- but all the systems are covered by the Usecs. and Asecs,” she added. She continued: “I am very confident that they will be able to answer our questions. I do not think that they would divert from any policy of the secretary or say anything that would be against his policies.” Cyber-attack on PhilHealth Senators also touched on the recent cyber-attack on the Philippine Health Insurance Corporation or PhilHealth. Legarda quizzed PhilHealth officials about the effect of the cyber-attack on the state-run health insurer’s operation, as well as the steps being taken by the agency to prevent encountering a similar case in the future. Responding to the lawmaker’s query, Atty. Eli Dino D. Santos, PhilHealth’s Executive Vice President and Chief Operating Officer, said that the agency has yet to return its online system. “All systems now are all transactions are offline and we resume operations meaning membership, employer submission, and payment over the counter,” Santos said. “Our benefits availment continues. We have already informed our partner providers that while the system is turned off, they can still submit claims or prepare the submission of claims,” he added. He continued: “At present, to confirm the statement of our President, we are set to turn on our systems today, but we are still completing the preventive measures before we turn it on. We are targeting to turn on our PhilHealth website, member portal, as well as the e-claims.” Over the weekend, PhilHealth confirmed reports that there was an “information security incident” on its online system, which prompted them to turn it off as part of its “containment measures”. The Department of Information and Communications Technology previously stated that the agency’s system was attacked by Medusa ransomware. A multinational cyber security software company, Trend Micro defined “ransomware” as a type of malware that prevents or limits users from accessing their system, either by locking the system’s screen or by locking the users’ files until a ransom is paid. The Medusa ransomware group was demanding $300,000 from PhilHealth in exchange for access to its system. The group threatened to leak the personal information of PhilHealth members if it did not pay the ransom. The state-run health insurer previously stated that it would not give in to the group’s demand. The post DOH budget for 2024 hurdles Senate Finance panel without Herbosa appeared first on Daily Tribune......»»
‘Ilapit ang serbisyong medikal sa mga Pilipino’ — Bong Go
Senator Christopher “Bong” Go, chairperson of the Senate Committee on Health and Demography, commended the local government of Zamboanga City and the Department of Health (DOH) for the successful ceremonial turnover of a Super Health Center in Barangay Sangali on Thursday, 21 September. In a video message, Go expressed his confidence that the said health facility would be able to provide accessible healthcare services to the residents. “Patuloy po akong tutulong sa pagpaparami ng Super Health Centers sa bansa sa abot po ng aking makakaya. Sa mga itinayo ng Super Health Centers, nakita namin kung gaano kalaki ang naitutulong nito sa komunidad lalo na sa malalayong lugar,” said Go. “It is a significant step towards enhanced healthcare services in communities. Yun po ang layunin ng mga Super Health Centers, ang ilapit sa mamamayan ang serbisyong medikal ng gobyerno,” he added. Through the collective efforts of Go, DOH, LGUs, and fellow lawmakers, sufficient funds had been allocated for 307 Super Health Centers in 2022 and 322 in 2023. DOH, the lead implementing agency, identifies the strategic areas where they will be constructed. The Super Health Center is an enhanced version of the rural health unit, offering a wide range of health services such as database management, outpatient care, birthing facilities, isolation areas, diagnostic services (including laboratory tests, X-rays, and ultrasounds), pharmacy services, and ambulatory surgical units. Additionally, these centers provide services such as eye, ear, nose, and throat (EENT) care, oncology centers, physical therapy and rehabilitation centers, and telemedicine, which enables remote diagnosis and treatment of patients. Go emphasized the critical role that Super Health Centers play in decongesting hospitals, facilitating early disease detection, and providing essential healthcare services such as primary care and medical consultations directly to the community. “Ano po itong Super Health Center? It’s a medium type of a polyclinic. Pwede po diyan ‘yung panganganak, dental, laboratory, x-ray, pagpapabakuna. Alam n’yo naisipan ko po ‘yang Super Health Center noong 2021. Sa kakaikot ko po ng buong Pilipinas, ‘yung mga may sakit anlayo ng byahe, yung mga buntis nanganganak na lang sa tricycle o sa jeepney dahil malalayo ang hospital. Ngayon po magkakaroon na kayong sarili ninyong health center. Pwede na po diyan ‘yung panganganak, pagkonsulta, at iba pa,” shared Go. “Malaking tulong po ito na ma-decongest ‘yung mga hospitals. Makakatulong rin sa early disease detection para maagapan ang sakit. Hindi na kailangang ilakbay pa natin ng napakalayo para makapunta sa hospital,” he added. Go also extended his heartfelt appreciation to the officials for their unwavering commitment to public service. Among those present were Zamboanga City Mayor John Dalipe, Vice Mayor Pinpin Pareja, DOH Undersecretary Abdullah Dumama, and Regional Director Joshua Brillantes. The council was well-represented by Councilors Vino Guingona, Cary John Pioc, Jerome Santos, Jimmy Villaflores, and Gerky Velasco. Barangay Captain Ruben of Ullas was also acknowledged for his contributions. Go also encouraged individuals with health concerns to avail of the services available at the nearby Malasakit Center, situated at Zamboanga City Medical Center, Mindanao Central Sanitarium, and Labuan General Hospital. Functioning as a one-stop shop, the Malasakit Center facilitates access to medical assistance from various government agencies, including the Department of Social Welfare and Development (DSWD), DOH, Philippine Health Insurance Corporation, and the Philippine Charity Sweepstakes Office. Go is the principal author and sponsor of Republic Act No. 11463 or the Malasakit Centers Act of 2019, which institutionalized the Malasakit Centers program. As of now, 159 Malasakit Centers are operational across the country, poised to assist with patients' medical expenses. The most recent center was inaugurated at Bislig District Hospital in Bislig City, Surigao del Sur, an event Go attended on 15 September. DOH reported that the Malasakit Center program has already provided aid to more than seven million Filipinos. As vice chairperson of the Senate Committee on Finance, Go remains committed to supporting various projects in the city, aligning with his vision to foster progress even in challenging times. These projects include the construction of a multipurpose building that will be turned into a sub-national laboratory capacity building for serology and molecular testing, the construction of a children’s park, and a two-story building inside Camp Navarro General Hospital. The post ‘Ilapit ang serbisyong medikal sa mga Pilipino’ — Bong Go appeared first on Daily Tribune......»»
Pag-IBIG members’ record-high savings up 11% to P59.52B
Pag-IBIG Fund members collectively saved P59.52 billion in January to August this year, growing 11.45 percent year-on-year and setting a new record for the highest amount saved by members for any January to August period. “We are happy to see that more Filipino workers recognize the importance of saving and are choosing to save with Pag-IBIG Fund. The record high in Pag-IBIG members’ savings collected from January to August 2023 shows their continuing trust and confidence in us and in our programs,” said Secretary Jose Rizalino L. Acuzar, who leads the Department of Human Settlements and Urban Development and the 11-member Pag-IBIG Fund Board of Trustees. Good news “This is good news because as our collection increases, the more funds we are able to utilize for the benefit of our members who seek to apply for home loans and short-term loans. All these are in line with the directive of President Ferdinand Marcos Jr. to improve the Filipino workers’ access to finance,” he continued. Meanwhile Pag-IBIG Fund Chief Executive Officer Marilene C. Acosta noted that the growth in members’ savings collected were seen in both the agency’s mandatory Regular Savings and its voluntary MP2 Savings. Collections for the Pag-IBIG Regular Savings reached P28.03 billion, a seven percent increase from the P26.16 billion collected during the same period in 2022. Popular MP2 savings On the other hand, the agency’s popular MP2 Savings reached P31.50 billion, a 16 percent increase from the P27.25 billion collected in January to August last year. In 2022, the Pag-IBIG Regular Savings earned an annual dividend rate of 6.53 percent, while the MP2 Savings posted an annual return rate of 7.03 percent. “The continued growth of our members’ savings is truly remarkable. We are grateful to the business community for responsibly remitting the Pag-IBIG contributions of their employees and their counterpart share on time. We are also thankful to our members for their trust in saving with Pag-IBIG — by saving more than the required P100 monthly contribution under the Pag-IBIG Regular Savings, and by continuing to save in our MP2 Savings,” Acosta said. “This trust is clearly displayed by the amount voluntarily saved by our members, which has in fact surpassed the amount of mandatory savings we have collected. That is why we remain steadfast in our commitment to prudently and excellently manage each and every hard-earned peso that our members have entrusted us, and provide their savings with the best possible returns,“ she said. The post Pag-IBIG members’ record-high savings up 11% to P59.52B appeared first on Daily Tribune......»»
Iloilo City business landscape booming
Iloilo City's economy continues to thrive almost three years after the COVID-19 pandemic. This is evident in the increasing number of new and renewed business permits issued by the City Government through the Investment Services, Business Permit and Licensing Division. A total of 18,033 businesses in the city were issued with business permits as of 31 August this year, according to Local Economic Development and Investment Promotions Office head Velma Lao. The figure is composed of 2,000 permits for new businesses and 16,033 business permit renewals. This surpassed the 17,379 total number of business permits issued for the whole year of 2022 consist of 2,590 new business permits and 14,789 renewed business permits. Lao said there are 239 more applications for new businesses pending for payment and issuance of business permits this year. Mayor Jerry P. Treñas said the increasing number of businesses in the city indicates that the local economy is improving. He is looking forward to an even better economy next year, hopefully with more jobs available. He added that the off-site payment centers established by the City Government in malls such as in The Atrium, Marymart Mall, Festive Walk and SM City Iloilo also helped a lot as it has provided easy, fast and convenient access for those who are applying for renewal and payment of business permits and other payment-related transactions. Lao likewise cited the city's good business climate, which attracts more investors, as among the factors in the increase of businesses here. "There are new opportunities to do business in our city. Other factors include the city's mobility and business friendliness. We have also accessible and responsive services and business permitting," she added. The good promotion of Iloilo City to the business community, and the investors' trust and confidence in the local government unit, are also big factors. Lao further noted that the ISBPLD's inspection team is going around the city to monitor businesses and ensure compliance. As part of the city's innovative economic development, Lao said they are targeting around 350 businesses with no business permit or a total of 2,000 by 2028. The post Iloilo City business landscape booming 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......»»
Bong Go highlights significance of education in ensuring a brighter future
Senator Christopher "Bong" Go, adopted son of CALABARZON, underscored the significance of education as a gateway to a brighter future during the 50th Commencement Exercises of Cavite State University - CCAT Rosario Campus on Tuesday, September 5. The graduation ceremony was also attended by other officials, such as Rosario Vice Mayor Bamm Gonzales and General Trias Mayor Jonjon Ferrer, among others. “Sa mga graduates, sa mga estudyante, kahit anong course po ang inyong kinuha, ishi-share ko lang po sa inyo ang natutunan ko sa buhay. Isa lang ang sikreto diyan, mahalin n’yo po ang inyong kapwa Pilipino, hinding-hindi po kayo magkakamali. Malay n’yo po pagdating ng panahon kayo rin po ang mamumuno sa bayan o magiging senador ng bansa. Totoo iyan. Kaya unahin ninyo ang interes ng kapwa natin Pilipino,” Go said in his speech. “Ako po hindi ko po akalain na magiging senador po ako. At nagpapasalamat ako sa inyo, sa Panginoon na dinala po niya ako rito. Kaya naniniwala ako na ang serbisyo sa tao ay serbisyo sa Diyos,” he continued. Go emphasized how education can open doors to countless opportunities as he commended the graduates for their dedication and perseverance, recognizing their hard work throughout their academic journey. He reminded them that their graduation marks the beginning of a new chapter filled with possibilities and challenges. “Ngayong araw, tayo'y nagkakaisa upang parangalan hindi lamang ang pagwawakas ng academic journey kundi ang pagsilang ng isang bagong yugto sa buhay ng 680 estudyante ng inyong unibersidad,” highlighted Go. “Half a century ago, this campus was founded with a dream to cultivate abilities and expertise in the realms of Industrial Technology, Engineering, Information and Communication Technology, Hotel and Restaurant Management, and Education. Now, that dream persists, and I am both honored and humbled to be part of this milestone commencement ceremony,” he continued. The senator also expressed his gratitude to the school officials, including University President Dr. Hernando Robles, Vice President for Academic Affairs Dr. Ma. Agnes Nuestro, Vice President for Research and Extension Dr. Mary Jane Tepora, Vice President for Business and Resource Generation Ms. Lolita Herrera, and Campus Administrator Dr. Lauro Pascua, among others. “To the committed University Administrative Council, our distinguished campus leaders, honored deans, and the lively academic community that envelops us, I offer my sincere thanks for your unwavering dedication to excellence,” Go highlighted. “To the parents and guardians, your affection and encouragement have been the pillars of these graduates' achievements. Your faith in them has ignited their resolve, and today, we revel in your victory as well,” he added. In his speech, Go took the opportunity to discuss his legislative efforts aimed at fortifying the education sector. He expressed his unwavering commitment to improving the lives of Filipinos through various initiatives. SBN 1359 or the "No Permit, No Exam Prohibition Act," was co-authored and co-sponsored by Go and received approval on the third and final reading in March. This proposed legislation aims to put an end to the practice of denying students access to examinations or other educational assessments due to unpaid tuition or school fees. The bill ensures that no student's education is compromised due to financial constraints. In a bid to enhance access to tertiary education, Go co-authored and co-sponsored SBN 1360. This bill seeks to expand the coverage of the Tertiary Education Subsidy (TES) by amending Republic Act No. 10931, known as the Universal Access To Quality Tertiary Education Act. By broadening the reach of TES, Go expressed his confidence that more underprivileged students will have the opportunity to pursue higher education. In times of disasters and emergencies, students facing financial hardships often find it challenging to repay loans. To address this concern, Go introduced SBN 1864, known as the "Student Loan Payment Moratorium During Disasters and Emergencies Act." This proposed measure offers relief to students who have taken out loans but are unable to meet their repayment obligations due to unforeseen circumstances. It underscores the importance of compassion and support during trying times. Go also earlier authored and co-sponsored RA 11470, establishing the National Academy of Sports (NAS) in 2020 as part of his vision to ensure promising young athletes can further hone their talents while getting a quality education. NAS is a government-run academy aimed at developing the country’s future athletes by offering quality secondary education with a special curriculum on sports for gifted young Filipinos who want to enhance their physical and mental capabilities in sports. “To the graduates, remember that your education is not merely a ladder for personal success; it is a potent tool for uplifting our community and the broader society. Wield it with wisdom, and never lose sight of the values and principles that have been so lovingly instilled in you,” Go said. “As I draw to a close, I leave you with a philosophy that has steered me throughout my existence: ‘Ang edukasyon ay hindi lamang isang karapatan, kundi isang tungkulin na may kalakip na responsibilidad.’ Mabuhay ang Cavite State University – CCAT Rosario Campus! Mabuhay ang mga bagong graduates,” the senator concluded. Go also provided tokens to students who graduated with honors. He encouraged them to use their education to serve their community and the country. The post Bong Go highlights significance of education in ensuring a brighter future appeared first on Daily Tribune......»»
Duterte giveth, Diokno taketh
Since his call in 2017 to veto Republic Act 10931, the law granting free higher education, Finance Secretary Benjamin Diokno has been singing the same dissonant melody. A similar theme can be heard in his most recent attempt to cast doubt on the program’s long-term viability, which is frequently praised as one of the Duterte administration’s legacies. However, as Diokno continues to bang his well-worn drum, it becomes increasingly obvious that his arguments are out of tune and lacking in both substance and harmony. The frequently repeated assertion by Diokno that the free college program is “anti-poor” because of its supposed bias toward wealthy students doesn’t ring true with logic or facts. His claim that wealthy students have supplanted their less advantaged peers in the competition for openings at state universities and colleges lacks supporting data. He tries to play the fiscal unsustainability card by asserting that the program is an exorbitant financial burden for the government. This perspective is myopic because education spending continues to be one of the most effective ways to boost the economy and create jobs. In fact, a World Bank report has said that every dollar spent on education generates ten times as much in economic benefits, thus emphasizing the real worth of such expenditures under RA 10931. Additionally, Diokno ignores the reality that the program has been in force since 2018 after President Duterte rebuffed his veto campaign. After six years of effective implementation, for Diokno to suddenly pronounce it untenable sounds more like pessimism than a valid criticism. Diokno also veers away from the upbeat chorus that is led by President Ferdinand Marcos Jr. and his predecessor, former President Duterte, as he continues to play his dirge. His persistent pessimism has turned him into a maestro of despair rather than a conductor of progress. The Finance chief certainly needs a lot of the can-do attitude of both Marcos and Duterte, the latter with the bravado and tenacity he showed in guiding the country through the turbulent waters of the Covid-19 pandemic. Diokno should learn to instill confidence in the hearts of the populace, or he should just hand the job to someone who would tackle it with more vigor. Diokno claims that wealthy kids who can afford review lessons and other incidental costs are disproportionately benefited by RA 10931. This claim is again without basis as a lot of impoverished students have gained access to higher education without having to pay tuition thanks to this law. A thorough assessment by the Commission on Higher Education showed that the free college program has dramatically increased enrollment rates among students from low-income families. This should lay bare the falsity of Diokno’s claims. If we may add, the CHEd study also resonated with people by emphasizing its contribution to closing the achievement gap between the affluent and the less fortunate. Probably most befuddling of all was Diokno’s unsettling claim that the program benefits students who live close to public universities and colleges. This conflicts with what we see on the ground, of students renting bed space or living with their relatives so they can be near their schools, wherever they may be located. Additionally, the value of an educated citizenry transcends geographical boundaries in the grand scheme of nation-building. It’s ironic that for a Finance chief, the needed comprehension of the complexity of not only our economy and the numbers but also how they relate to society and people seems absent from Diokno’s spiel opposing free higher education. His quest to repeal RA 10931 has fallen short of capturing the long-term benefits of investing in education to improve the lives of underprivileged youngsters. Diokno’s desire to take away what Duterte and Congress have given would be a step backward and an assult in the minds of millions of Filipino students. While undermining President Duterte’s legacy, Diokno’s dissonant song poses a threat to muffle the dreams of numerous Filipino students, one that is intended to deprive them of the opportunity to pursue higher education and the prospect of a better future. The post Duterte giveth, Diokno taketh appeared first on Daily Tribune......»»
GoTyme logs 1-M depositors
The Gokongwei Group’s banking arm GoTyme Bank logged 1 million customers, a few months before its first-year anniversary on 20 October 2023. In a statement, Nate Clarke, GoTyme Bank president and CEO said the success of GoTyme was due to the digital platform’s consistent focus on human banking — the first in the Philippines with a “phygital” model that seamlessly blends the convenience of digital technology and human-led touchpoints in its operations. He said GoTyme also owes its success to the public confidence inspired by the tie-up between trusted local and international brands — the Gokongwei Group and the Tyme Group — that has allowed it to realize strong deposit growth and considerable traction of its ‘phygital’ banking that offers superior products and services built around its customers’ needs and wishes. Financial inclusion tool GoTyme redefined “preferred banking” as it democratizes access to the bank’s premium offerings regardless of the customers’ amounts in their accounts — a 5-percent interest rate per annum for all savings accounts, and no minimum maintaining balance, or regular deposits of specified amounts as required by other financial institutions. It also delivers on its promise to keep banking simple, secure and sustainable. “From the simplest account-opening procedure — GoTyme maintains kiosks in Gokongwei retail ecosystem, where, assisted by bank ambassadors, customers can open accounts for as modest as P50 using just one valid and accepted identification, upon which they will automatically get their GoTyme Bank Visa debit card — to the most exciting rewards system offered by what is arguably the best debit card today that allows customers and shoppers to earn points anywhere and everywhere, it’s no surprise that GoTyme’s market penetration is simply “getting better and better,” according to Clarke. Clarke said artificial intelligence technology in banking had improved customer experience — using chatbots from account inquiries to money transfers, loan applications, financial advice, account management, and many more, according to a Forbes 2023 article. Based on a Economist Intelligence Unit survey, 77 percent of bankers believe that the ability to unlock the value of AI will spell the difference between the success or failure of banks. The post GoTyme logs 1-M depositors appeared first on Daily Tribune......»»
Prime Global Finance offers competitive advantage
Prime Global Finance or PG Finance offers small and medium-sized enterprises a competitive advantage through its comprehensive range of services and products. Whether you are scaling up your business or expanding your reach, product lines, and/or services, PG Finance serves as one of the most reliable fintech platforms and financial lending companies in the country today. PG Finance takes pride in transparency and integrity, making it a trusted partner for business owners, startups, and entrepreneurs. With its diminishing-rate loans, PG Finance provides businesses with the opportunity and leverage for growth and expansion. It is also known for quick approval feedback granted within 24 - 48 hours. Revolutionizing the Lending Experience with Seamless Digital Applications Powered by cutting-edge technology, PG Finance offers an end-to-end digital application process that streamlines the lending experience like never before. Say goodbye to inconvenient paperwork and time-consuming processes. With PGFinance.com.ph, SMEs can effortlessly apply for loans, submit required documents, and track their application status online. The entire process is designed to be efficient and user-friendly, empowering businesses to focus on what matters most -- their growth and success. Reducing Physical Interactions, Enhancing Convenience At Prime Global Finance, we understand the value of your time and the need for convenience. We have implemented an innovative approach that minimizes physical interactions. Through our digital platform, the majority of one's lending journey can be completed online, right from the comfort of their place. The only physical interaction required is signing documentation and accepting checks -- ensuring a secure and efficient process. Unleashing the Potential of Digital Transformation By embracing digital transformation, Prime Global Finance enables businesses to thrive in the digital economy. Our end-to-end digital application process eliminates the need for lengthy visits to physical branches, reducing hassle and saving one’s valuable time. With just a few clicks, SMEs can access a wide range of financial services, track their loan details, and manage their financial obligations—all at their fingertips. This seamless integration of technology empowers businesses to stay ahead of the competition and make informed financial decisions with ease. Empowering Your Business for Success PG Finance also empowers its clients with the right digital tools and information to efficiently manage their loans, ensuring transparency, convenience, and a hassle-free experience. PG Finance understands the unique challenges faced by SMEs, and our digital solutions are specifically tailored to meet their needs. With Prime Global Finance as your trusted partner, you can unlock the full potential of your business and navigate the digital landscape with confidence. "With our groundbreaking advancements, we have gained the trust and loyalty of countless SMEs, solidifying our position as a leader in the digital landscape. If you are a startup, entrepreneur, or a growing enterprise, Prime Global Finance is here to assist you in navigating the digital economy, empowering your business, and ensuring a high ratio of success," said PGFC president Rico de la Cruz. The post Prime Global Finance offers competitive advantage appeared first on Daily Tribune......»»
Enhancing economic diplomacy worldwide
Since assuming office in 2022, President Ferdinand Marcos Jr. has embarked on 11 foreign visits aimed at enhancing diplomatic relations, fostering economic ties, and promoting international cooperation. His foreign visits hold significant importance in shaping the country’s global standing and pursuing its national interests. One of the Chief Executive’s primary objectives in his global forays is to strengthen regional ties within Southeast Asia. Recognizing the importance of regional cooperation, he has engaged with neighboring countries through bilateral meetings and participation in regional summits. [gallery columns="2" size="full" ids="161524,161523"] By promoting dialogue and collaboration, President Marcos Jr. aims to address mutual challenges such as climate change, maritime security, and terrorism that affect the region collectively. In particular, Marcos Jr. prioritized forging stronger ties with traditional allies like the United States, Japan and Australia. These visits have sought to reaffirm existing partnerships and explore new avenues for collaboration, particularly in the fields of trade, defense, and technology. Another critical aspect of the President’s foreign visits was to boost economic diplomacy and attract foreign investments to the Philippines. Recognizing the need for economic growth and job creation, he has engaged in high-level discussions with leaders and business representatives from various countries. These interactions have aimed to showcase the Philippines as an attractive investment destination and foster international confidence in the country’s economic prospects. [gallery columns="2" size="full" ids="161520,161521,161519,161514,161516,161518"] As part of his economic diplomacy efforts, President Marcos Jr. has also participated in international economic forums and trade summits, advocating for fair trade practices and increased market access for Philippine products and services. These engagements have helped position the Philippines as an active player in the global economy, enabling the country to benefit from the opportunities of an interconnected world. In these engagements, the President has demonstrated a commitment to addressing global challenges and representing the Philippines on the international stage. His participation in multilateral forums such as the United Nations General Assembly, the Association of Southeast Asian Nations or ASEAN Summit, and the Asia-Pacific Economic Cooperation or APEC Summit have allowed him to engage with world leaders on various pressing issues. During his first year in office, President Marcos Jr. has been confronted with several international crises and humanitarian challenges. His foreign visits have presented opportunities to strengthen cooperation with other nations in times of need. As the world continues to grapple with complex challenges, the President’s diplomatic efforts have aimed to position the Philippines as a responsible and active member of the international community. The impact of his foreign visits will continue to shape the country’s relations with the world and its pursuit of national interests on the global stage. The post Enhancing economic diplomacy worldwide appeared first on Daily Tribune......»»
SSS ties up with PSA to provide seamless service delivery
The Social Security System (SSS) has taken the lead as the pioneer government-owned and controlled corporation (GOCC) to forge a partnership with the Philippine Statistics Authority (PSA) for the integration of the Philippine Identification System (PhilSys) with the SSS. To mark the occasion, SSS and PSA signed a memorandum of understanding (MOU) formalizing the partnership towards the seamless implementation of PhilSys-enabled services in SSS. “The adoption of PhilSys will open many opportunities in improving the delivery of our services, including our digital transactions, and in providing all Filipinos better access to social security protection,” SSS President and Chief Executive Officer Rolando Ledesma Macasaet said. Macasaet added he looks forward to the positive impact of the partnership that will benefit SSS members and stakeholders not only in the Philippines but also across the globe. Under the MOU, SSS and PSA will work jointly and share information and resources to achieve the objectives of PhilSys, particularly the simplification of public transactions and the implementation of a seamless service delivery system. Moreover, the partnership will delve into exploring various applications of PhilSys within the SSS and identify other opportunities for joint projects and programs. Among the projects that have been identified, which are expected to be implemented within the third quarter of 2023, is the use of PhilSys authentication services and the PhilID/ePhilID for strengthened verification of members transacting online thru the My.SSS Portal and ensuring uniqueness checks for the issuance of a new SSS ATM Pay Card. PSA Undersecretary, National Statistician, and Civil Registrar General Claire Dennis S. Mapa expressed his confidence in the partnership that will broaden the transition to digital, online citizen-centric delivery of services to Filipinos. The PhilSys, established through Republic Act No. 11055 or the Philippine Identification System Act, aims to provide valid proof of identity for all citizens and resident aliens in the Philippines to promote ease of doing business for both the government and private sectors and accelerate the country’s transition into a digital economy, among other benefits. # The post SSS ties up with PSA to provide seamless service delivery appeared first on Daily Tribune......»»
Miss Universe goes beyond pageantry, launches mineral water from Iceland
The Miss Universe Organization recently launched M*U Beverage in Bangkok, Thailand, a new business venture to help nourish and refresh people worldwide. “The Miss Universe brand is a universal brand, which is constantly evolving through creative imagination. M*U Beverage is the first Miss Universe branded product line that reiterates our original values — empowering women to realize their ambitions and build up their self-confidence as a catalyst for future success,” said Anne Jakapong Jakrajutatip, JKN Global Group Public Company Limited chief executive officer and MUO owner. Manufactured and bottled at a factory in Prachinburi Province, Thailand, the first alkaline water is offered in bespoke glass. Sourced from the pristine springs of Reykjavik, Iceland, where the mineral water is some of the cleanest and purest in the world, the alkaline water is perpetually replenished with glacier melt from the Olfus spring that has been filtered through layers of lava rock. “Post-pandemic consumer interest has geared toward a more holistic approach to food and beverages. We all know that beverages play a vital role in daily sustenance. To have access to quality hydration in order to live a better and healthy life, we have created a line of premium beverages designed to uplift people’s daily life by partnering with nutritionists and experts in the field of natural ingredients to research, test and produce drinks that energize, refresh and rejuvenate minds and bodies,” Jakrajutatip added. Natural M*U NØR Natural Alkaline Mineral Water is available in two sizes to cater to hydration needs -- perfect for on-the-go hydration is the convenient 500ml and ideal for sharing and savoring the exquisite taste and health benefits, indulge in the larger 750ml. The alkaline mineral water with a pH of 8.4 is the epitome of freshness, offering remarkable health benefits through the presence of essential minerals that are instrumental in promoting overall well-being. Key components are calcium, magnesium, sodium and potassium. Functional Available in five variations with unique flavor profile and benefits, M*U Functional Drinks are conveniently packed in 250ml bottles. Flavors are Zen (green tea and yuzu), Immune (lemon), Focus (berry), Happy (raspberry and mint) and Fiber+ (pineapple and coconut flavor). M*U Beverage was officially launched in Thailand, with plans to capture the global market by the end of the year by establishing strategic partners in esteemed markets, such as Australia, the Philippines, the United Kingdom and China. Miss Universe 2022 R’Bonney Gabriel was chosen as the presenter of M*U NØR Natural Alkaline Mineral Water because she personifies a versatile modern woman who strives to live a better and healthy life. The launch in Bangkok was also attended by famous industry insiders, celebrities and social media influencers, including Miss Universe 2005 Natalie Glebova, Miss Universe Thailand 2022 Anna Sueangam-iam, Miss Universe Iceland 2022 Hrafnhildur Haraldsdóttir, Miss Universe India 2022 Divita Rai, Miss Universe South Africa 2022 Ndavi Noderi, Miss Universe Bahrain 2022 Evlin Khalifa, Miss Universe Australia 2022 Monique Riley and Miss Universe Thailand 2023 delegates. The post Miss Universe goes beyond pageantry, launches mineral water from Iceland appeared first on Daily Tribune......»»
New PhilHealth chief appointment welcomed
The Philippine Health Insurance Corporation on Thursday welcomed the appointment of Emmanuel Ledesma Jr. as its president and chief executive officer. “The entire PhilHeath family expresses its gratitude to His Excellency President Ferdinand R. Marcos Jr. for his full trust and confidence to PCEO Ledesma and commits to provide full support to him as he leads PhilHealth in providing every Filipino with financial access to quality and affordable health care services, whenever and wherever they need them,” the state-run health insurer said in a statement. Ledesma’s post at the PhilHeath was cemented after Marcos appointed him as its president and chief executive officer on Wednesday, more than eight months after he first tapped the former as its acting president. Prior to his appointment, Ledesma served as president and chief executive officer of the Power Sector Assets and Liabilities Management Corporation. The post New PhilHealth chief appointment welcomed appeared first on Daily Tribune......»»
Phl, 3rd in global IR practices
The Philippines ranked 3rd out of 41 countries in terms of investor relations or IR practices. It attained an IR country score of 47.8 out of 50, which is higher by 6.4 index points compared to the previous year’s report where it stood at the 12th spot. Finance Secretary Benjamin E. Diokno welcomed the improved standing in the 2023 Investor Relations and Debt Transparency Report released by the Institute of International Finance in June 2023. “The Department of Finance owes this feat to the concerted investor relations efforts of the economic team. We have been strategic in the conduct of bilateral meetings, non-deal roadshows, and investor attraction engagements such as the Philippine Economic Briefings abroad, which have given us the platform to inspire confidence in the Philippines’ strong economic performance and favorable macroeconomic fundamentals,” Diokno said. Strong IR programs support countries’ efforts to attain stable and affordable access to international debt markets and are effective in mobilizing international private capital toward achieving global climate and sustainable development goals. The report highlighted various lR practices across emerging markets and developing countries and ranks selected countries with respect to adherence to standard lR practices and debt transparency metrics. Tough 3 criteria The assessment is based on three scores: the IR Country Score, Debt Transparency Score, and ESG Data and Policy Dissemination Score. Debt transparency, on the other hand, is a subset of the headline IR country score and assesses sovereign borrowers’ data and policy dissemination practices, with a maximum score of 13. The post Phl, 3rd in global IR practices appeared first on Daily Tribune......»»
PBBM lauds healthcare workers for sacrifices during height of pandemic
President Ferdinand Marcos Jr. on Wednesday thanked the healthcare workers for the sacrifices they made during the height of the Covid-19 pandemic. The Chief Executive commended their efforts as he witnessed the launch of the bivalent vaccination at the Philippine Heart Center in Quezon City. In his speech, Marcos acknowledged the tireless efforts of the healthcare workers and credited them with saving millions of Filipino lives. “I can speak of this intimately as I was a victim and that’s why I know the condition that patients felt and what a relief and what a godsend your care was to all of those who had suffered from Covid-19. So, once again, thank you, thank you, thank you very much for all that you did,” Marcos said. Addressing the nation on the path to recovery from the global pandemic, Marcos said that the “prayers have been answered” as he noted the significant decrease in cases and less severe symptoms since the introduction of vaccines. “The symptoms are no longer as severe as before, and the threat posed by the delta and omicron variants has diminished,” Marcos said. However, he urged the Filipinos not to be complacent against the virus and highlighted the importance of protecting vulnerable populations, particularly those with severe comorbidities and senior citizens. Recognizing the need to re-examine preventive measures, Marcos Jr. emphasized the significance of vaccination in safeguarding the population. “We must not let our guard down. We have to continue implementing programs like the bivalent vaccination campaign to protect our vulnerable sectors, especially the elderly," Marcos said. Marcos Jr. also expressed confidence that with science-based strategies and a whole-of-society approach, the risks associated with new variants could be managed effectively. He acknowledged the pivotal role played by vaccines in combating the virus and stressed the government's commitment to eradicating severe diseases caused by Covid-19. During the event, President Marcos Jr. expressed gratitude to the governments of Lithuania for their generous donation of the country's first batch of bivalent vaccines. He also extended his appreciation to the World Health Organization (WHO) and the Covid-19 Vaccines Global Access (COVAX) for their ongoing assistance in the Philippines. The President called upon every Filipino to contribute to the fight against Covid-19 by staying updated on their vaccinations. He emphasized that getting vaccinated was not only for personal well-being but also for the protection of families and the entire population. "Government-assisted vaccines, including bivalent doses, are free for every Filipino. Let us continue fortifying our efforts to protect the public against health risks," President Marcos Jr. stated, commending the Department of Health (DOH) and local government officials for their dedication to the vaccination campaign. Marcos then urged the nation to remain steadfast in the fight against not only Covid-19 but all infectious diseases. He emphasized the importance of discipline, cleanliness, and cooperation in overcoming the remaining challenges posed by the pandemic. The President expressed his belief that the Filipino society would emerge stronger and more resilient in the face of adversity. As he concluded his address, President Marcos Jr. encouraged everyone to take part in the bivalent vaccination program, stating, "Let us get vaccinated to prevent illness and return to work swiftly. Together, we will build a healthier and more prosperous Philippines." The post PBBM lauds healthcare workers for sacrifices during height of pandemic appeared first on Daily Tribune......»»
Pagadian welcomes Super Health Center
Senator Christopher Lawrence “Bong” Go has recently sent his appreciation to the local government of Pagadian City, Zamboanga del Sur and the Department of Health for the successful groundbreaking of the city’s Super Health Center on Friday. In his video message, Go expressed his confidence that the said health facility would effectively deliver accessible healthcare services to the residents of Pagadian City. “It is a significant step towards enhanced healthcare services, which is really the government’s goal,” said Go, who also chairs the Senate Committee on Health and Demography. 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, the lead implementing agency, identifies the strategic areas where they will be constructed. The Super Health Center is an enhanced version of a rural health unit, offering basic health services such as database management, outpatient care, birthing facilities, isolation areas, diagnostic services (including laboratory tests, X-rays, and ultrasounds), pharmacy services, and ambulatory surgical units. Additionally, these centers provide services such as eye, ear, nose, and throat care, oncology centers, physical therapy and rehabilitation centers and telemedicine, which enables remote diagnosis and treatment of patients. In Zamboanga del Sur, necessary funds have also been allocated for the construction of other Super Health Centers in Mahayag and Margosatubig. Aligned with the senator’s commitment to improving access to healthcare, Go highlighted the presence of Malasakit Centers at Zamboanga del Sur Medical Center in Pagadian City and at Margosatubig Regional Hospital, which are open to assist particularly poor and indigent patients. The Malasakit Center is designed to provide Filipinos with convenient access to medical assistance programs offered by the DoH, Department of Social Welfare and Development, Philippine Health Insurance Corporation, and Philippine Charity Sweepstakes Office. There are currently 158 operational centers in the country, which have assisted over seven million Filipinos, according to the DoH in which Go is principal author and sponsor of the Malasakit Centers Act of 2019. Meanwhile, to help improve the infrastructure development in the city, Go, as vice chair or the Senate Committee on Finance, supported the city’s water system, the concretion of a farm-to-market road in Barangay Sebukang, and the acquisition and installation of solar-powered street lights along Lodion National Highway to Balucot National Highway. The post Pagadian welcomes Super Health Center appeared first on Daily Tribune......»»