Sep 082014
 
MinDA, PBSP launch economic program

THE Mindanao Inclusive Agri-Business Program was officially launched on Monday in a bid to foster inclusive growth and peace in the island. “The initiative we launch today, the Mindanao Inclusive Agribusiness Program, comes at an opportune time, as we seek to transform Mindanao from the Land of Promise to the Land of Promises Fulfilled,” said President Beningo S. Aquino III in his key note message during the Philippine Business for Social Progress (PBSP) Mindanao Membership Meeting and Launch of Mindanao Inclusive Agri-Business Program yesterday at the SMX Convention Center, SM Lanang Premier, Davao City. The program is a partnership between the Mindanao Development Authority (Minda) and the PBSP, a business-led social development organization in the country with some 250 members of small to large companies. The partnership was formalized yesterday with the signing of the Memorandum of Understanding (MOU) between the two parties. The MOU was signed by Minda chair Sec. Luwalhati R. Antonino and PBSP Mindanao regional committee chair Paul G. Dominguez. “This program… outlines clear strategic imperatives towards harnessing the resources of Mindanao for the common good,” Aquino said. He said through the Mindanao Inclusive Agribusiness Program, PBSP and its member companies and supporting agencies seek to engage the private sector to invest in Mindanao by helping build the capacities of its small farming communities, thus enabling them to capitalize on the rich resources and the many opportunities available in the region. “It is worth noting that the [initiative] moves along the direction of Minda’s mandate to enhance Read More …

Sep 082014
 
House ways and means body raises tax exemption ceiling for bonuses to P70,000

The Department of Labor and Employment (DOLE), in partnership with SM Malls conduct nationwide jobs fair in celebration of Labor Day (May 1). Over 310,000 jobs are offered to qualified applicants. Photo shows applicants line up at Mall Event Center of SM Manila. (MNS photo) MANILA (Mabuhay) – The ways and means committee of the House of Representatives on Wednesday approved the bill increasing the tax exemption ceiling for workers’ bonuses to P70,000. The tax exemption would cover the 13th month pay, Christmas bonus, and other bonuses received by employees yearly. The current ceiling for the tax exemption of P30,000 was set by law in 1994. Marikina Representative Romero Federico Quimbo, chairman of the committee, said a report would be immediately drafted so that the measure could be reported and tackled in plenary, noting that the bill was among the priorities in the House. “We adjusted the tax exemption to P70,000.  We just want to preserve what the workers are enjoying before, because P30,000 is in actuality only P14,000 today,” he said in an interview. Based on the computation of the committee, the increase in tax exemption would result in lost revenues of around P1.5 billion a year. But Quimbo said that the government would be able to recoup these losses through taxes on purchased goods and direct taxes on deposits. “Every peso that is lost from the national treasury through the additional exemption means increased purchasing power of the workers, which improves the economy.  There’s really more upside to Read More …

Sep 082014
 
Palace to comply with Ombudsman’s orders vs. Ricketts, Manzala

Malacañang on Monday vowed to comply with the Office of the Ombudsman’s final orders against the embattled heads of the Professional Regulation Commission (PRC) and the Optical Media Board (OMB). In a statement, Communications Secretary Herminio Coloma Jr. said President Benigno Aquino III’s office will carry out the Ombudsman’s orders once it receives relevant documents. “The Office of the President will await the official copies of the Ombudsman’s Resolutions, if any, on these cases, and will comply with the orders of the Ombudsman, in accordance with law,” the Palace official said. He, however, said that the Palace has yet to receive the suspension order on OMB chief Ronnie Ricketts and the reported dismissal order against PRC chairperson Teresita Manzala. Last week, the Ombudsman ordered the suspension of Ricketts and four other OMB officials for the allegedly irregular release of seized pirated DVDs and VCDs just hours after they were confiscated.  The OMB chief is expected to appeal the Ombudsman’s suspension order.  Manzala was reportedly recommended for dismissal by the Ombudsman for supposedly entering into a rigged contract with a firm owned by Executive Secretary Paquito Ochoa Jr.’s brother-in-law. —NB, GMA News

Sep 072014
 
Mindanao to get 580 MW add'l power next year

THE Mindanao Power Monitoring Committee (MPMC) reported that Mindanawons can expect around 580 megawatts (MW) of additional power by 2015. According to their accomplishment report for 2013, the bulk of the power supply will be coming from the Therma South Inc.’s 300 MW Coal-fired Energy Project in Barangay Binugao, Toril, Davao City and Barangay Inawayan, Sta. Cruz, Davao del Sur. The plant is expected to begin commercial operations within the first semester of 2015. By the third quarter of 2015, the first unit of the Sarangani Energy Corporation’s 200 MW Southern Mindanao Coal-fired Power Station, located in Maasim, Sarangani, will go online supplying 100 MW to the grid. Also, in the same quarter, the Puyo Hydroelectric Power Project of the First Gen Mindanao Hydropower Corp. in Jabonga, Agusan del Norte is expected to generate 30MW. Lastly, the first unit of the 300MW SMC Davao Power Plant Project of the San Miguel Consolidated Power Corporation in Malita, Davao del Sur will be supplying 150MW to the grid by the end of 2015. “The completion of committed power projects by 2015 would bring availability of excess supply including contingency reserves in Mindanao for the first time since 2009,” the MPMC said in their report. The MPMC also reported that by 2016 an expected power supply of 720MW will go online and another 550.6 MW by 2017. “Now it can be said, that while Luzon braces for a precarious power situation next year…Mindanao, on the other hand, is starting to generate enough,” said Read More …

Sep 062014
 
Drop the ‘T’

The word “can’t” is a terrible word. If people in the past allowed this word to dominate, then there won’t be a lot of accomplishments today. Now, take a look at these: • The first successful cast-iron plow, invented in the United States in 1797, was rejected by New Jersey farmers under the theory that cast iron poisoned the land and stimulated the growth of weeds. • An eloquent authority in the United States declared that the introduction of the railroad would require the building of many insane asylums, since people would be driven mad with terror at the sight of locomotives rushing across the country. • In Germany, it was proved by “experts” that if trains went at the frightful speed of 15 miles an hour, blood would spurt from the travelers’ noses and passengers would suffocate when going through tunnels. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 • Commodore Vanderbilt dismissed Westinghouse and his new air brakes for trains, stating, “I have no time to waste on fools.” • Those who loaned Robert Fulton money for his steamboat project stipulated that their names be withheld for fear of ridicule were it known they supported anything so “foolhardy.” • In 1881, when the New York YWCA announced typing lessons for women, vigorous protests were made on the grounds that the female constitution would break down under the strain. • Men insisted that iron ships would not float, that they would damage more easily than wooden ships when Read More …

Sep 052014
 
Filipino nurse tests negative for MERS

MANILA, Philippines—Health authorities on Friday stopped tracking passengers who were on the same flight with a Filipino female nurse initially reported to be positive for the Middle East Respiratory Syndrome (MERS) in Dammam, Saudi Arabia, after a retest showed that she was negative for the deadly virus. The test conducted by the Research Institute for Tropical Medicine (RITM) showed that the nurse, who arrived in the country on Aug. 29 via a Saudi Airlines flight, was not infected by MERS, Department of Health (DOH) spokesperson doctor Lyndon Lee Suy told a press briefing yesterday. Lee Suy also disclosed that the official result of a medical test conducted on the 37-year-old nurse and her 49-year-old colleague before they left Dammam also carried a negative result.   Negative case “What’s good about it is that when there’s a negative case, there’s no way for the infection to be transmitted because there is no source,” Lee Suy told reporters. “We can safely say that as of now, the Philippines remains to be MERS-free.” “And the implication here as well is that all our activities of contact-tracing, of looking for those who were on the same flight as the two nurses will be terminated,” he added. On Wednesday, the DOH announced that a Filipina nurse, who had tested positive for MERS,  arrived in the country on Aug.  29 via a Saudi Airlines flight. Two days later, after staying overnight at her coworker’s house in Bulacan, she boarded a Cebu Pacific flight to her hometown Read More …

Sep 042014
 
Kara David visits ‘Dorm 12’ on ‘I-Witness’ this Saturday

JOIN broadcast journalist and documentarist Kara David as she visits a “dormitory for women” this Saturday in I-Witness on GMA-7. In the corner of a dormitory, an old, near-blind woman lies quietly on her bunk. Faintly, she hums a song. And suddenly she is transported to her past. It has been years ago when her life seemed to end, when this little corner became her entire world. The old woman blinks. When will her son visit her? At the other end of this dormitory, a grandmother clutches her cane dearly. Her knees are feeble, her back fragile, but nothing can stop her from praying in their chapel. At 90 years old, her plea has yet to be answered. She is not only the oldest resident in her dormitory; she is the oldest inmate in the Correctional Institute for Women. Kara meets Mary Rose and Petra, infirmed and aged inmates at the maximum-security prison. This is no place for their delicate condition. But this may be their only refuge. Catch IWitness’ “Dorm 12” this Saturday, September 6, 10:30 p.m. after Celebrity Bluff on GMA-7. To chat with Kara David (@karadavid), tweet her and I-Witness (@IWitnessGMA), #IWitnessSaturdays. Published in the Sun.Star Cagayan de Oro newspaper on September 05, 2014. DISCLAIMER: Sun.Star website welcomes friendly debate, but comments posted on this site do not necessary reflect the views of the Sun.Star management and its affiliates. Sun.Star reserves the right to delete, reproduce or modify comments posted here without notice. Posts that are inappropriate Read More …

Sep 042014
 
Selfie-centric phone among new Microsoft offerings

A man shows the new Lumia 830, left, and 730, right, smart phones during a Microsoft Nokia presentation event at the consumer electronic fair IFA in Berlin, Thursday, Sept. 4, 2014. (AP Photo) BERLIN — Microsoft will seek to draw more people to its Internet-based services with two new mid-range smartphones it unveiled Thursday, including one designed to help people take better selfies. The devices are under the Lumia brand Microsoft bought from Nokia. They run the latest version of Windows Phone 8 and feature Cortana, a Siri-like voice assistant available to help with directions, calendar appointments and messages. Many of those interactions will steer users to Microsoft services such as Bing search and OneDrive storage. Chris Weber, Microsoft’s vice president for mobile devices sales, insisted consumers should feel comfortable about storing their personal pictures on OneDrive, despite the recent exposure of celebrities’ private pictures stored on rival Apple’s cloud-based system. “I think we have to amplify the message around security regarding these cloud services,” Weber told reporters. To this end, Microsoft is also giving users more control over the kind of information — friends, diaries, home address — that the Cortana voice assistant will have access to, he said. Microsoft bought Nokia’s phone business in April as it seeks to boost Microsoft’s Windows Phone system, which has had little traction compared with Apple’s iPhones and Google’s Android system. Microsoft CEO Satya Nadella has made mobile phones and Internet-based services priorities for the company as its traditional businesses — Windows Read More …

Sep 012014
 
Court orders turnover of Marcos’ $42-M loot to gov’t

The Marcoses in their past “grandeur” when the late dictator Ferdinand Edralin Marcos was starting to rule the Philippines for 20 years. MANILA (Mabuhay) – The Sandiganbayan has ordered the turnover to the government of 42 million US dollars in the so-called “Arelma” account of the late dictator Ferdinand Marcos. The anti-graft court’s Special Division issued a two-page writ of execution on the 18th of this month directing the transfer of the money from the Philippine National Bank to the Bureau of Treasury. The funds represent Marcos assets, originally amounting to 2 million dollars deposited with Merrill Lynch Securities in New York in 1972 in the name of Arelma Foundation. The order was based on a Supreme Court ruling dated March 12, 2014. In the ruling, the High Court junked the motion for reconsideration filed by Imelda Marcos, on behalf of the late President, and affirmed its April 25, 2012 decision which held that “[a]ll assets, properties, and funds belonging to Arelma, S.A., with an estimated aggregate amount of $3,369,975 as of 1983, plus all interests and all other income accrued thereon” be forfeited in favor of government when these assets are transferred to the possession of the Republic of the Philippines. The case stems from a petition for forfeiture filed by the Presidential Commission on Good Government (PCGG) with the Sandiganbayan on Dec. 17, 1991 involving $356 million ($658 million as of the April 2012 SC ruling), and two treasury notes worth $25 million and $5 million, allegedly illegally Read More …

Aug 302014
 
Auction of smuggled garlic brings in P4.7M for Customs

By Tina G. Santos |Philippine Daily Inquirer 8:06 am | Sunday, August 31st, 2014 FILE PHOTO MANILA, Philippines—The Bureau of Customs grossed P4.7 million from auctioning off some 676,350 kilograms of smuggled garlic that it had seized in June. Six bidders participated in the auction held through a sealed bid at the Manila International Container Port (MICP) on Aug. 29. The auction was originally set for Aug. 26 but was canceled after the Bureau of Plant Industry (BPI) issued import permits that allowed the entry of several shipments of garlic on the same day. This prompted a reappraisal of the bid price for the seized garlic. No takers for 1st shipment  “From the original price of about P50 per kilo, for a total minimum floor price of P33 million, the total floor price was adjusted to P16.69 million or about P24.50 per kilo,” the bureau said. There were no takers for the first shipment—17 40-foot container vans holding about 486,870 kilos of garlic—as bidders said the shipment had started to rot. The second lot—four 40-foot shipping containers containing 104,670 kilos of garlic—was bought by KKRL Trading for P2.592 million. Another 55,850 kilos of garlic was bought by bidder Kaunlaran for P1.386 million, while the last lot—28,960 kilos—was won by a Nilo Peñaflor at P728,000. The winning bidders put down 50 percent of their bids initially, with the balance to be paid on the next business day, after which the winners had two days to remove their garlic from MICP. “The winning bidders were also required Read More …