Shell Philippines Exploration BV finance director Jose Jerome “Jeng” Pascual II (center) receives the prestigious ING-FINEX CFO of the Year Award 2014 from awards committee overall chairman Judith Lopez, Integrity Initiative chairman Ramon del Rosario Jr., chairman of the board of judges Florencia Tarriela, ING Bank NV (Manila) country manager Consuelo Garcia, FINEX president Edmundo Soriano, and founding chairman and liaison director Victor dela Dingco. MANILA, Philippines – The Finance Executives Institute of the Philippines (FINEX), together with Dutch financial giant ING Bank, conferred the 2014 ING-FINEX Chief Financial Officer (CFO) of the Year award to Shell Philippines Exploration BV (SPEX) finance director Jeng Pascual, in a ceremony held recently at the Peninsula Manila Hotel in Makati City. Top financial executives and highly respected finance experts selected Pascual for his excellence in four key areas: as a strategist, catalyst, operator, and steward, exemplified in his roles as finance director of SPEX, as well as in his many other roles as the country controller of the Shell companies in the Philippines, and chairman of the board of trustees of the Shell Pension Fund. Pascual is the first ever CFO from a multinational company to be given the award. He also receives the citation on the centenary of Shell companies in the Philippines in 2014. Pascual joins the distinguished roster of FINEX CFO awardees such as Delfin Gonzales Jr. of Globe Telecom in 2007; Sherisa Nuesa of Manila Water in 2008; Jose Sio of SM Investments Corporation in 2009; Ysmael Baysa of Read More …
Jun Loleng is flanked by his grandson, Patrick Loleng (right) and Patrick’s girlfriend Step. Patrick, the night’s master of ceremonies, and Step are both pilots in Melbourne. MANILA, Philippines – New Jersey-based Filipino-American retired engineer Julian “Jun” Loleng was recently honored by his family and friends with a surprise birthday party marking his 80th milestone at The Bethwood, an elegant banquet hall in Totowa, N.J. Dozens of family and close relatives from the United States, Philippines, Australia and China flew in for the special occasion organized by Loleng’s wife, Aster, their children Alan, Janette, Joanne, Jenny, Janice; and grandchildren. Loleng once served as president of the Philippine Air Force College of Aeronautics, now converted to Philippine State College of Aeronautics specializing in aviation courses with a flying school. Jun and wife Aster (second from left) with their “medical and spiritual angels” (from left) Dr. Emmanuel Reyes, Fr. Ryan Tabale, Dr. Catherine Torres Reyes and Dr. Theresa Madrid. — Reported by Funfare’s Big Apple Correspondent Edmund Silvestre
The Philippine Institute of Volcanology and Seismology on Sunday night allayed fears of a tsunami from a magnitude-6.6 quake that occurred in the Molucca Sea in Indonesia. In an advisory, Phivolcs said the quake was recorded at 7:44 p.m. Philippine time, but did not cause any destructive Pacific-wide threat. “However, earthquakes of this size sometimes generate local tsunamis that can be destructive along coast located within a hundred kilometers of the epicenter,” it said. “(T)here is no tsunami threat to the Philippines from this earthquake,” it added. — Joel Locsin/JDS, GMA News
On the ninth day of Christmas, Jennylyn Mercado tells son Alex Jazz the real meaning of Christmas.
A lawmaker has proposed granting additional allowances and financial incentives to barangay officials in recognition of their vital function in the enforcement of laws and implementation of government programs. House Bill 5245 filed by Valenzuela City Rep. Sherwin Gatchalian seeks to provide barangay captains honoraria, allowances and such other emoluments not less than P5,000 monthly or as may be authorized by law or barangay, municipal or city ordinance in accordance with the provisions of the proposed legislation. The bill also provides that members of the sangguniang barangay, the Sangguniang Kabataan chairman, the barangay treasurer and the barangay secretary shall receive not less than P3,000 per month in honoraria and allowances, while the barangay tanod and the lupong tagapamayapa shall receive not less than P2,000 per month in benefits. The measure likewise entitles the members of the punong barangay, as well as the barangay treasurer, the barangay secretary, and the lupong tagapamayapa, to a Christmas bonus of at least P2,000 each, the funds for which shall be taken from the general fund of the barangays or from other such other funds appropriated by the national government for the purpose. The barangay officials shall also be entitled to hazard duty pay of P1,000 each during their incumbency; representation and transportation allowances of P1,000; productivity incentive bonus of P1,000 and clothing allowance of P1,000 once a year. Gatchalian said it is high time barangay officials receive additional perks since the benefits they have under the present law are not commensurate with their duties Read More …
President Benigno Aquino III is set to sign the P2.6-trillion national budget before the end of the year to ensure there will be a new spending plan in place on the first day of 2015, Malacañang said Sunday. “Katulad ng mga naganap noong nakaraang taon ay nilalagdaan po ito bago matapos ang Disyembre para maging epektibo sa unang araw ng 2015. ‘Yan po ang isa pang mahalagang gagampanan ng ating Pangulo sa mga darating na araw,” Communications Secretary Herminio “Sonny” Coloma Jr. said in an interview over dzRB radio. The 2015 national expenditure program, which Congress ratified last week, includes a new definition of savings which lawmakers say complies with the Supreme Court decision on the Disbursement Acceleration Program (DAP). Coloma again defended the budget from allegations it contains billion of hidden pork barrel funds for the executive, saying Congress will not legislate a measure that is unconstitutional. “Wala pong batayan ‘yung sinasabi nilang ‘yan, maliban na lang po siguro sa pagkakaroon nila ng ibang pananaw hinggil sa istruktura at nilalaman ng pambansang budget,” he said of the “hidden pork” claims. “Ang batas po ay kinakailangang tumalima sa mga prinsipyo ng Konstitusyon at hindi naman po makatwiran na sabihin na mismong mga mambabatas ang magsasabatas ng labag sa Konstitusyon at ito naman ay ang prinsipyong gumabay sa paghubog at pagbuo ng ating pambansang budget,” Coloma added. Congress changed the definition of savings to make it harder for the executive to declare them during the validity of the appropriation following the Read More …
Less than a month before Pope Francis is scheduled to visit the Philippines, Malacañang said preparations for the five-day papal visit in January next year are in full swing. “Lahat po ng nararapat ay ginagawa para maihanda ang mga pasilidad, kabilang na ang imprastruktura, para sa pagdating ng Kanyang Kabanalan, Santo Papa, Pope Francis,” Communications Secretary Herminio Coloma said on Sunday in an interview aired at dzRB. Coloma said that infrastructure that will be used during Pope Francis’ visit in Tacloban City and Palo, Leyte are the “highest priority.” This includes the Tacloban airport, and the national highway from Tacloban to Palo. Coloma assured that electricity during the Pope’s visit will be stable. The pope will be at 11 venues in Manila and Leyte during his visit to the Philippines from January 15 to January 19. Click here for the details of the Pope’s itinerary The Presidential Communications Operations Office chief reminded the public to be disciplined during the papal visit. In particular, Coloma called on motorists to help ease traffic in the metro while the pope is in Manila. “Hinggil diyan sa pagdalaw ng Santo Papa, ‘yon pong kanyang pananaw na kinakailangang magpakita po tayo ng disiplina sa pagsalubong sa mahal na Santo Papa. Ito ay maaari nating maipakita sa pamamagitan ng pagsunod sa ating mga road traffic enforcers na nagpapatupad ng mga patakaran para sa public safety and order,” he explained. Meanwhile, the Palace kept mum on the proposed five-day holiday during the papal visit. “Kinakailangan din kasi ‘yung Read More …
Cleaning up the New Bilibid Prison is a priority for the government, a Palace official said Sunday after guns, drugs, and other contraband items were found during surprise inspections there. “Noon pang unang natuklasan ‘yung pagkakaroon ng mga baril na itinatago sa mga kulungan ng pambansang piitan ay nagbigay na po ng partikular na instruksyon ang ating Pangulo na bigyan ito ng kaukulang pansin dahil mahalaga pong bagay ‘yan,” Communications Secretary Herminio Coloma Jr. said on Sunday during an interview aired over state-run dzRB. Coloma added that the government, led by Justice Secretary Leila De Lima, is continuing its operations against gangs members and leaders found to be living in relative luxury while serving time. “Tinutukoy na ang mga katiwaliang natuklasan hinggil diyan at sinisiyasat po kung ano ang naging partisipasyon ng mga opisyal na mayroong responsibilidad para diyan,” he said. “Ang batid lang po natin ay mataas pong prayoridad ang ibinibigay sa usaping ‘yan at may sense of urgency po ‘yung ginagawa ni Secretary De Lima,” he added. Last week, De Lima held a surprise inspection at NBP. She found a jacuzzi, a sound system, an airconditioning system, cash, jewelry, sex toys, drugs, and guns in the “kubols” or shelters of inmates. Last Friday, the Justice secretary held another surprise visit. This time she found a hidden personal gym. The Presidential Communications Operations Office chief said that the National Economic and Development Authority has already approved the construction of a new national penitentiary, but it remains on the drawing Read More …
Marian Rivera holds her 8th bridal shower on December 20.
Dingdong Dantes’s mom hosts bridal shower for Marian Rivera.