FYLPRO holds info session in DC

 Entertainment
Jul 312016
 
Embassy's Chargé d’Affairés, Minister Patrick A. Chuasoto delivers his opening remarks at the FYLPRO DC Info session held at the Romulo Hall of the Philippine Embassy on 26 July 2016.

Embassy’s Chargé d’Affairés, Minister Patrick A. Chuasoto delivers his opening remarks at the FYLPRO DC Info session held at the Romulo Hall of the Philippine Embassy on 26 July 2016.

WASHINGTON, DC – FYLPRO alums Melissa Medina and RJ Diokno led the information session on the 5th FYLPRO Immersion Program on 26 July 2016 at the Romulo Hall of the Philippine Embassy.

Every year since its establishment in 2012 by former Philippine Ambassador to the United States Jose L. Cuisia, Jr., the Filipino-American Youth Leadership Program (FYLPRO) brought 10 high-performing, next generation Filipino-Americans, known as FYLPRO delegates, on an all-expense paid immersion trip to the Philippines. The immersion program aims to equip and inspire the delegates to promote advocacies geared towards progress in the Philippines and engagement with the multi-faceted Filipino-American community in the United States.

FYLPRO alums RJ Diokno and Melissa Medina explained the immersion program, answered questions on the application process, and shared their insights on the overall FYLPRO experience.

FYLPRO alums RJ Diokno and Melissa Medina explained the immersion program, answered questions on the application process, and shared their insights on the overall FYLPRO experience.

In his opening remarks, the Embassy’s Chargé d’Affairés (CDA), Minister Patrick A. Chuasoto said, “The FYLPRO immersion experience endeavors to transform delegates in such a way that they can become effective leaders in their respective communities and give back to the Philippines at the same time.”

The information session provided the audience with an overview of the program and insights into the application process, which requires applicants to identify at least three Legacy projects that focus on the Philippines and Filipino communities abroad that foster further professional/leadership development such as social enterprises, philanthropic causes, or civic engagement initiatives. To date, at least 20 legacy projects are either active or completed by FYLPRO delegates.

Young Filipino-Americans who attended the FYLPRO DC Info session, posed for a group photo with the Embassy's Public Diplomacy Officer, Ms. Darell Artates (1st row, 3rd from left) and FYLPRO alums Melissa Medina (1st row, 4th from left) and RJ Diokno (1st row, 5th from left) at the Romulo Hall of the Philippine Embassy on 26 July 2016.

Young Filipino-Americans who attended the FYLPRO DC Info session, posed for a group photo with the Embassy’s Public Diplomacy Officer, Ms. Darell Artates (1st row, 3rd from left) and FYLPRO alums Melissa Medina (1st row, 4th from left) and RJ Diokno (1st row, 5th from left) at the Romulo Hall of the Philippine Embassy on 26 July 2016.

“As far as the application process goes, my advice would be to try to have a very clear idea of what your story is, and that is probably going to tie into what your ideas are for your three legacy projects. I think that helps a lot when the committee comes to review your application, if you can tell a clear story and connect that to your legacy projects,” said RJ Diokno (FYLPRO ‘14).

Melissa Medina (FYLPRO ‘13) added, “One of the reasons why this program exists is to help serve as a catalyst for your ideas and what you want to do. You may have many different interests but we want to see some area of focus for your legacy projects.”

“Now on its fifth year, FYLPRO has produced forty (40) high energy and dedicated individuals who are making great strides in their chosen fields. We are fortunate to have Melissa and RJ with us tonight to share their insights and answer your questions regarding the application process. I hope that after this session, you would seriously consider applying for the program and spread the word about FYLPRO,” CDA Chuasoto concluded.

In partnership with the Ayala Foundation Inc. (AFI) and the FYLPRO alumni association, the 5th FYLPRO hopes to continue to attract more high-performing, young Filipino-American leaders who will be among the movers and shakers in the Filipino-American community. Much of the participants’ expenses, including airfare, accommodations, local transportation, and meals will be shouldered by program sponsors.

The 5th FYLPRO immersion program will be held from 24 November to 02 December 2016 in the Philippines. Interested parties may submit their applications until 01 August 2016, midnight of Hawaii Standard Time. For more details, please visit www.fylpro.org.

Goldberg: EDCA is not about South China Sea

 Entertainment
Jul 312016
 
Goldberg: EDCA is not about South China Sea

President Rodrigo R. Duterte welcomes United States of America Ambassador Philip Goldberg and Mr. Matthew Cenzer, deputy political counselor at the Music Room in Malacañan Palace on July 19.(MNS photo) MANILA  (Mabuhay) – United States Ambassador to the Philippines Philip Goldberg on Thursday said the Enhanced Defense Cooperation Agreement (EDCA) should not be seen in the light of the South China Sea issue. Goldberg said though five locations for U.S. military facilities in the Philippines have been identified in the EDCA, the security deal agreed between two allies remain to be for the strengthening of their relations. He said, the EDCA should be seen in terms of the mutual security relationship between the U.S. and the Philippines, wherein the Armed Forces of the Philippines can be modernized and will be able to conduct joint operations with their American counterparts as treaty allies. It would also pre-position U.S. military assets for humanitarian assistance and disaster relief, he said. “People should understand that that’s the basis for our relationship, and that this is not aimed at China or any other claimants on the South China Sea issue. That should be resolved in a diplomatic and legal fashion,” he said. The Supreme Court upheld the legality of EDCA in January and dismissed appeals to reverse the ruling on Tuesday this week, a few hours before U.S. Secretary of State John Kerry arrived in Manila. Washington and Manila have agreed on five locations for U.S. military facilities in the Philippines, and among them is Read More …

Celebrities, well-off people next targets of PNP anti-drug drive

 Entertainment
Jul 312016
 
Celebrities, well-off people next targets of PNP anti-drug drive

By Christopher Lloyd T. Caliwan Philippine National Police Chief Director-General Ronald dela Rosa answers questions during a press conference at Camp Crame, Wednesday. Three high-ranking PNP officials allegedly involved in illegal drugs tagged by President Duterte reported to Dela Rosa to clear their names. (MNS photo) MANILA  (PNA) – As part of its intensified anti-drug campaign, the Philippine National Police (PNP) on Thursday said it will look into affluent people and celebrities involved in illegal drugs. Southern Police District (SPD) Acting Director Sr. Supt. Tomas Apolinario said from the PNP’s anti-drug operations also aims to curb the prevalence of party drugs such as ‘ecstasy’. He recalled the five fatalities at the Closeup Forever Summer concert in Pasay City last May 21 who used methylenedioxymethamphetamine (MDMA) and alcohol. MDMA, commonly known as ecstasy, is a psychoactive drug used primarily as a recreational drug. Desired effects of MDMA include increased empathy, pleasure, and heightened sensations. With the incident, Apolinario said party and concert organizers are now coordinating with the police to ensure that their events will not be used as a venue for illegal drug trade as these are usually attended by wealthy youth and celebrities. Despite the deployment of civilian-clothed and uniformed policemen during concerts or parties, Apolinario admitted that is difficult to track down people who used drugs before going to an event. As a precautionary measure, Apolinario said that they will deploy drug-testing kits in the entrance of the event to test the suspicious actions of an individual. Meanwhile, Read More …

No reason for House not to pass FOI bill: Pimentel

 Entertainment
Jul 312016
 
No reason for House not to pass FOI bill: Pimentel

25pimentel2.jpg — Newly-elected Senate President Aquilino Pimentel III uses the gavel in adjourning the opening session of the Senate under the 17th Congress on Monday morning (July 25, 2016) at the Plenary Hall of the Senate Building in Pasay City. The senators are set to proceed to the Batasang Pambansa Complex in Quezon City to join their colleagues at the House of Representatives in hearing the first State-of-the-Nation Address (SONA) of President Rodrigo R. Duterte at 4 p.m. Monday. (MNS photo) MANILA  (Mabuhay) – Senate President Aquilino “Koko” Pimentel III on Thursday said he saw no reason why the House of Representatives would not pass the proposed Freedom of Information (FOI) following President Rodrigo Duterte’s order to have it implemented in the executive branch. In the Senate, Pimentel was confident that a more refined measure would be approved by the Senate committee on public information. He noted that the FOI bill was the pet measure of Senator Grace Poe, who he said wanted to retain the chairmanship of the committee. It was Poe who initiated that passage of the bill at the Senate but the same measure failed to get the approval of the House during the 16th Congress. “Kami sa Senate, nandyan si Senadora Grace Poe. ‘Yan po ang kanyang pet bill. At pinag-usapan nga namin kahapon din yan na kaya nga gusto nyang maging chairman ng public info committee, ire-refine nya ‘yung kanyang bill and she wants to make sure na kung ano ‘yung porma ‘yung pagkapasa last Read More …

Ex-PNP chief Purisima wants 3-week stay in USA to visit son

 Entertainment
Jul 312016
 
Ex-PNP chief Purisima wants 3-week stay in USA to visit son

Taking their oath before speaking at the Senate hearing on the Mamasapano incident are PDDG. Leonardo Espina, Officer-in-Charge of the Philippine National Police, Interior Secretary Mar Roxas, Defense Secretary Voltaire Gazmin and Justice Secretary Leila de Lima. (MNS photo) MANILA  (Mabuhay) – Former Philippine National Police (PNP) chief Alan Purisima has asked the Sandiganbayan to allow him to stay in the United States of America for more than three weeks to visit his son. In a three-page motion filed with the Sandiganbayan Sixth Division, Purisima asked the anti-graft court to allow him to travel to USA from September 5 to 27. Purisima said he intends to visit his son who is studying at the Culinary Institute of America in California. Purisima said he, together with his family, has already booked their tickets for the travel as early as March of this year even before a graft case was filed against him by the Office of the Ombudsman in May. “Section 6, Article III of the 1987 Philippine Constitution provides that the right of every individuals to travel shall not be impaired except in the interest of national security, public safety or public health,” Purisima’s motion read. “Accused Purisima humbly submits that his travel abroad does not, in any means, impair the interest of national security, public safety or public health,” it added. Purisima said he is also willing to post a travel bond that the court may fix as a precondition for his request and as an assurance of his Read More …

IFRS 15: More than an accounting change

 Economy
Jul 312016
 

Management, analysts and other users of financial statements almost always consider a company’s revenue as its key performance indicator. To stay competitive and increase revenue, companies may add flexibility and value to their products and service offerings — be it an enhancement in the price, additional services or guarantees or other add-ons in the contract terms. However, these diverse marketing strategies give rise to complexity in revenue recognition.

LIST: Flights cancelled due to ‘Carina’

 Economy
Jul 302016
 
LIST: Flights cancelled due to ‘Carina’

The Manila International Airport Authority said two flights of Cebu Pacific was prompted to cancel travel due to bad weather. File photo MANILA, Philppines – The Manila International Airport Authority (MIAA) on Sunday morning announced the cancellation of some flights due to bad weather caused by Tropical Storm Carina. In its online advisory, the MIAA said two Cebu Pacific flights had to be called off. More flights to Northern Luzon, where the storm is expected to make landfall on Sunday afternoon, may be likewise cancelled throughout the day. On Saturday, six flights of PAL Express were also called off due to bad weather. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Here are the cancelled flights for Sunday, July 31.  Cebu Pacific 5J 506 – (Manila-Tuguegarao) 5J 507 – (Tuguegarao-Manila)

AEV well positioned for infra

 Economy
Jul 302016
 
AEV well positioned for infra

MANILA, Philippines – Aboitiz Equity Ventures is well positioned to participate in the government’s infrastructure projects following its acquisition of Republic Cement, COL Financial said.  In its report on AEVs first half earnings, COL said it has a hold rating on AEV. “We like AEV given the expansion plans of its power subsidiary AboitizPower and food subsidiary Pilmico Foods,” COL said. It said better than expected earnings from banking and food businesses offset weaker than expected real estate performance. AEV reported that it ended the first half of the year with a consolidated net income growth of 34 percent to P10.5 billion from P7.8 billion. Power accounted for 67.1 percent followed by banking and financial services, food, infrastructure and land strategic business units with income contributions of 16.8 percent, 7.8 percent, 7.6 percent and 0.7 percent, respectively. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Republic Cement and Building Materials Inc. (RCBM), posted an income contribution of P869 million during the period. “RCBM had a strong performance in the first half of 2016 with cement demand supported by growth in commercial and other non-residential spaces, sustained demand in the residential sector and sustained government infrastructure spending,” it said. AEV president and chief executive officer Erramon Aboitiz said the company’s two-pronged strategy of organic growth in its existing businesses and diversifying its income streams from its fifth leg – infrastructure-related businesses – is on track and paying off. “We are very pleased with the strong contribution of our cement business and the prospects of infrastructure moving forward,” Aboitiz Read More …

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