Today's Top Stories

  • Mayor Sara says Davao Covid19 Taskforce requests for booster shots for frontliners

    Mayor Sara says Davao Covid19 Taskforce requests for booster shots for frontliners

    DAVAO CITY – Mayor Sara Z. Duterte announced Monday that the Davao City Covid-19 Task Force has requested the Department of Health regional office 11 (DOH-11) to provide booster shots for frontliners in hospitals. Through a resolution, the mayor said, the taskforce cited the depleted number of healthcare workers in both government and private, thus the need to protect the remaining frontliners in said hospitals.   It can be recalled that thousands of healthcare service providers have contracted the deadly virus, and worst, many have also died. “It was discussed and that was the action of the Covid-19 Task Force. We passed a resolution seeking permission and requesting the approval from DOH-11,” Mayor Sara said. She also pointed out that the outbreaks in the city's hospitals were to blame for the depleted number of healthcare professionals. “It has been the [perennial problem] in the hospitals since last year,” Mayor Duterte said. The City Mayor also reminded the populace of Davao City to strictly observe minimum public health standards to help the city government and the frontliners. Mayor Duterte has also reiterated that work-from-home, as well as the skeletal force would continue among the city government employees to help control the surge of the deadly virus. “It is something we need to do. It is our contribution to our health workers inside the hospitals who are tired, overworked, and swamp with Covid-19 cases. We endeavor to reduce the infections among City Government of Davao employees so that if there’s a reduction of infections among our employees, we are less of a burden to our health care workers,” she concluded. (PNA)

    September 21, 2021

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  • Justice Secretary orders NBI to probe the killing of a human rights lawyer in SoCot

    Justice Secretary orders NBI to probe the killing of a human rights lawyer in SoCot

    SOUTH COTABATO - Secretary Menardo Guevarra of the Department of Justice (DOJ) yesterday ordered the National Bureau of Investigation to probe and give justice on the recent killing of a human rights lawyer in this province. Lawyer Juan Macababbad, 68, was killed by an unidentified assassin last September 15, this year, in front of his residence in Barangay Poblacion, Surallah, this province. The police are 'still facing a blank wall' as the identities of the assassin and the mastermind behind the killing of the human rights lawyer, it was learned. Initial investigation, however, disclosed that prior to the killing, the lawyer had reportedly been receiving death threats. The office of Secretary Guevarra yesterday issued Department Order No. 222, directing the National Bureau of Investigation Officer-In-Charge Eric Distor to start a case build up and thoroughly conduct 'no-nonsense' investigation on the killing of Atty Macababbad. According to the report, the lawyer has been handling cases for farmers, fisherfolk, informal settlers, and victims of alleged extra-judicial killings. The human rights lawyer usually handled cases of farmers, fisherfolk, informal settlers, and victims of alleged extra-judicial killings. The immediate family of the slain lawyer also announced yesterday that the public viewing is scheduled on September 23 at his residence, and the interment will be held the following day at Koronadal Valley Eternal Garden. “We request that families, friends, and colleagues who will attend the wake should strictly observe health guidelines and protocols. Let us be vigilant in keeping everyone's health and safety a priority. We also ask those who have health vulnerabilities to just stay at home. Your thoughts and prayers are very much appreciated,” the family posted on social media. Meanwhile, the lawyer's fraternity and sorority colleagues from Ateneo Law School's Fraternal Order of Utopia appealed for a speedy resolution of the crime. The lawyer's national organization, Integrated Bar of the Philippines (IBP), General Santos City and South Cotabato chapter also said in a statement that the late lawyer was a fierce advocate of justice and civil rights, and he was also a good father to his family. - PNA

    September 21, 2021

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Mindanao Daily News

Bridgestone Philippines’ Safer Road for All: Always in All Ways 2021 Campaign

April 29, 2021

Motoring

By: , A year later into the pandemic, we are still struggling from the ravages brought by the crisis of COVID-19. And just when we are getting back on our feet, cases rose rapidly again. Now, we are back to quarantine and many of us feel helpless. The pandemic has disrupted our economy, communities, and lives for the second time.    2021—a repeat of last year? Lockdown Déjà vu? Bridgestone Philippines refuses we are back to square one.    Recovery may seem far away from where we are standing, but we are persevering and racing towards the finish line. There may be times that we need to slow down and walk, but we are definitely moving forward together.   We have learned time and time again the importance of safety in all aspects of our lives. The pandemic has taught us to make it a priority and Bridgestone Philippines is embracing it.    “Safer Road For All: Always in All Ways” Bridgestone welcomes us with a campaign to look out for the remainder of 2021. This signifies the brand’s leadership on road safety—as they take to greater heights last year’s campaign on “A Safer Road For All.” Bridgestone Philippines aims to elevate the coverage and importance of road safety in the lives of Filipinos, hence, “Always in All Ways”. Serving society with superior quality tires has always been Bridgestone’s mission since its foundation.

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Toyota PH affirms power to lead with unveiling of New Fortuner

October 21, 2020

Motoring

By: , Continuing its streak of digital vehicle launches, leading mobility company Toyota Motor Philippines (TMP) has started the last quarter of 2020 with a highly-anticipated update on one of the most popular models in its lineup – the Toyota Fortuner. The New Fortuner range is headlined by the new LTD variant in 4x4 and 4x2 which comes in an exclusive design, followed by Q and V variants in automatic transmission, and the G variant available in AT and MT.  Starting at Php 1.63M for the G MT variant, TMP assures Filipinos of great value for money with Toyota’s signature quality, durability, and reliability embedded in the DNA of the country’s best-selling and well-loved Sports Utility Vehicle (SUV). During the online launch of the New Fortuner, TMP President Atsuhiro Okamoto recalled how the Fortuner changed the local automotive landscape at a time when entry level sedans and Asian utility vehicles were the affordable crowd favorite. “The Fortuner captured the hearts of many Filipinos as proven by strong sales.  It has an SUV body perfect for the Philippines’ flood-prone streets, an array of variants including a fuel-efficient diesel engine, a macho look that satisfies desires, and most of all, an affordable price – making it an achievable dream!” said Okamoto.  “The new Fortuner is SMARTER, STRONGER and SAFER than ever!  With its refreshed line-up led by the top-of-the-line premium LTD grade, the country’s best-selling SUV just got better!” he added. Since the Fortuner’s entry in the local market in 2005, TMP has already sold over 220,000 units of this highly-recognized SUV. In 2017, the Fortuner was crowned best-selling vehicle in the country. Just this August, the model dominated the mid-sized SUV category with over 30% market share. With the 2020 update, the Fortuner gets more confident, prestigious, safe, further proving itself a formidable and reliable SUV, perfect for any city or off-road drive.   Drive in style, drive to lead The New Fortuner LTD’s look is made more striking and more elegant coming in the 2-tone color black roof color lineup, a bolder and sportier front and rear bumper design, and machine-cut 18” alloy wheels. Split-type LED headlamps and LED front foglamps, sequential turn signal lamps, and the redesigned LED rear combination lamps give the LTD variant a more dynamic design while maintaining visibility on the road. The Q and V variants also get LED foglamps and redesigned LED rear combination lamps, as well as Bi-Beam LED Headlamps with LED Line Guide - Daytime Running Lights. G variants also now come with Bi-Beam LED Headlamps with LED DRL.   Confidence, ease, and control Ingress is smooth and easy with Smart Entry and Push Start System for LTD, Q, and V grades. The LTD variant features an elegant interior in leather with maroon accents, as well as galaxy black trim and interior illumination which adds to the sophisticated interior look of the vehicle. The Q variant also gets the classy black leather interior complemented by a dark wood trim. The driver gets more control over the ride with various modes: Eco and Sport for LTD and Q variants, Eco and Power for V and G variants, and easy access to switches on the steering wheel and through the Apple CarPlay/Android Auto-compatible audio system across all variants. LTD, Q, and V variants feature 8” display audio. Comfort and entertainment is guaranteed the whole journey for the driver and passengers as LTD and Q variants have 8-Way Power Adjust front seats, and Front Seat Ventilation System for the LTD variant. Never lose power with the wireless charger and rear USB chargers available on LTD, Q, and V grades, and experience premium sound quality over the LTD variants’ 9-speaker JBL sound system. Feel at ease throughout the ride with front and rear automatic control for V grades and up.   Made stronger and more efficient The New Fortuner LTD and Q variants are powered by the 1GD-FTV engine which gives 201 HP (204 Ps) max output and 500 Nm max torque, while the V and G variants have the 2GD-FTV engine which gives 147 HP (150Ps) max output and 400 Nm max torque.  The 2GD engine is improved for the New Fortuner V and G variants and enjoys 5% improvement in fuel efficiency versus the previous generation Fortuner.   Toyota Safety Sense now available in the New Fortuner With safety as Toyota’s utmost priority, the New Fortuner is the latest addition to the expanding Toyota Safety Sense (TSS)-equipped models in TMP’s official lineup. Made better and safer than ever, TSS settings previously featured in select Toyota models such as the Pre-Collision System, Lane Departure Alert, and Adaptive Cruise Control are now available for the Fortuner LTD and Q. All variants come with SRS airbags (7 for the LTD variants), 3-pt. ELR seatbelts, Anti-Lock Brake System with Brake Assist and Electronic Brakeforce Distribution, Vehicle Stability Control with Traction Control, and Hill-Start Assist Control. The 4x4 LTD variant also has Downhill Assist Control. All variants also come with a total of 6 clearance and back sonars, in addition to the Panoramic View Monitor that comes with the LTD, Q, and V variants or reverse camera for the G variants.   Pricing The New Fortuner will be available in all of TMP’s 70 dealerships across the country by October 19, 2020. The New Fortuner is also available for safely-distanced viewing in our virtual showroom. Get the full dealership experience online and check out the product highlights, view the interior and exterior in 3D, calculate payments, and submit inquiries direct to any preferred dealer via https://toyota.com.ph/fortuner. For more information on the New Fortuner, visit TMP’s official website at www.toyota.com.ph and follow the official social media pages at ToyotaMotorPhilippines (Facebook and Instagram), @ToyotaMotorPH (Twitter), and Toyota PH (Viber and Telegram).

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Trucks dealer NZH International expands to Mindanao

July 27, 2020

Motoring

By: Mark Francisco, QUEZON City-based NZH International Vehicle & Machinery, Inc. has established its first branch outside Luzon right here in Cagayan de Oro City. NZH Mindanao was inaugurated last Saturday (July 18) in its premises at the heart of the city particularly at Cugman Highway. It is now the fourth branch of the ever growing NZH International Vehicle & Machinery, Inc. which has maintained two more branches in the northern part of the country outside of its flagship dealership in Quezon City. According to NZH International Vehicle & Machinery, Inc. national sales director Robin Lu, they chose Cagayan de Oro as their stepping stone in other parts of the Philippines even in this time of pandemic since the government here has managed the COVID-19 crisis well so as to steer the economy as well. In the words of Maybelle Quilnat of NZH Mindanao herself, she opined that the administration of Mayor Oscar Moreno has recognized the continuing relevance of supply providers such as their business in keeping the economy float and at the same time managing the coronavirus pandemic. At the same time, Quilnat also said that NZH International Vehicle & Machinery, Inc. ventured into the Mindanao market particularly here in Cagayan de Oro City since it is the gateway to the northern part of the island. Quilnat said that industry vehicle providers such as their company are essential especially at this time of the pandemic to keep the movement of supplies stable. NZH Mindanao has a wide range of Shacman dumptrucks, transit mixers, tractor heads, wing vans and cargo trucks. She said that these are used in construction, freight forwarding, aggregates trucking and mining, among others. “Even during the time of pandemic, they continue to operate.” For his part, Moreno expressed his gratitude to NZH International Vehicle & Machinery, Inc. for putting their investments in Cagayan de Oro City in the midst of these trying times, saying they are not just helping to buoy up the economy but their transport conveyances are essential in all sectors. At present, Shacman heavy duty trucks are sold in more than 90 countries, the export and export volume ranking in the leading position of the industry, providing a full range of logistics solutions. Indeed it is here in the Philippines. Lu said the trend of the trucking industry in the country is for the logistics and construction sectors to buy durable equipment over less expensive but unworthy ones. He assured potential clients that NZH International Vehicle & Machinery, Inc. excels in after-sales service in all its dealerships nationwide.

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Toyota Motor Philippines Online E-Sports program – GR Supra GT Cup Asia – Philippines

June 15, 2020

Motoring

By: , This move was brought about by the latest situation where safety is of highest concern to everyone and mass gatherings like physical races are foreseen to be limited in the coming months. “Safety of our customers, employees, and fans are always at the top of our priority,” expressed TMP President Atsuhiro Okamoto.  “But we also recognize the value of waku-doki spirit in everyone!  This is a great way to sustain the excitement of motorsports program in the Philippines in a safe environment.” The GR Supra GT Cup Asia – Philippines, an e-racing event under Toyota’s Gazoo Racing motorsports program, will be fully held online and will be open to the public, ages 18 and above.  “Finally, Toyota fans can participate in our sports program at the comfort and safety of their own homes.  We also expect this activity to reach a wider and younger audience, based on the profile of gamers.”  The online e-race, using Toyota’s legendary sports car icon, the GR Supra, is expected to start in July 2020.  Winners of the e-race will get a chance to participate in the regional finals, the GR Supra GT Cup – Asia. E-Sports in the Philippines have grown in popularity over the years. The addition of E-sports programs in various international competitions, producing Filipino medalists, have further legitimized the sport. The GR Supra GT Cup Asia – Philippines is Toyota’s fun and safe alternative to holding the country’s number one motorsports program, The Vios Racing Festival. Usually held in 3 legs from the second to the fourth quarter, the current situation makes it very challenging for Toyota, the racings teams, the drivers, and public spectators to do this physical event. “We look forward to a better 2021 Vios Racing Festival Season where we can go back to the tracks again and feel the heat and excitement.  But for now, we invite everyone to join the GR Supra GT Cup Asia E-Sports Program,” Okamoto concluded. More details of the GR Supra GT Cup Asia – Philippines will be announced soon.  Stay tuned at Toyota.com.ph and facebook/ToyotaMotorPhilippines to get updates.

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2GO Travel Offers Free Accommodation Upgrade To Fully Vaccinated Passengers

July 9, 2021

Corporate

By: PR, MANILA – Present your vaccination card and instantly get an accommodation upgrade up to business class when you sail with 2GO Travel, the largest premier sea travel provider in the Philippines. Free upgrades are offered to passengers who have been fully vaccinated for COVID-19.     2GO Travel has made it easy to avail of the offer in just three steps! First, passengers must have received their jabs more than or equal to two weeks after having received the second dose in a two-dose series or have been inoculated more than or equal to two weeks after having received a single-dose vaccine. Second, passengers just need to present to front desk their vaccination cards with complete details, first and second dosage dates for double dose vaccines, and first dose date for single-dose vaccine (Johnson and Johnson only), including signature/s of the vaccinator. Last but not the least, 2GO Travel’s front office will facilitate and arrange for transfer of passengers in the upgraded accommodations. Upgrade is on a first come, first served basis, and will only be offered if accommodation is available. The free upgrade is applicable to all 2GO Travel destinations from Batangas to Caticlan and Roxas, including Manila to Bacolod, Cagayan de Oro, Cebu, Coron, Dumaguete, Iloilo, Puerto Princesa, Butuan, Iligan, Ozamiz, Zamboanga, and vice versa. This offer is until August 31, 2021. Enjoy fun and safe travels with 2GO’s new ships, upgraded onboard accommodations and amenities as well as strict health and safety protocols from terminal check-in all the way to boarding the vessel and disembarkation. To book your tickets, please call our hotline (02) 8 528 7000, visit 2GO Travel’s Facebook and Instagram, email travel@2GO.com.ph, or visit any 2GO outlet and SM Business Centers near you!  

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Globe Business to Filipino SMEs: Tuloy Tayo!

July 2, 2021

Corporate

By: PR,   Empowering businesses to forge ahead fearlessly into the digital future Every business that has survived and beaten the pandemic odds carries an inspiring story of creativity, grit, and resilience worthy of recognition. By capturing and telling these stories, Globe Business honors the local micro, small and medium business owners through this year’s Saludo SMEs campaign, cheering them on with the message “Through The Changing Times, Tuloy Tayo!”, and supporting them as a trusted partner does so that they can confidently move their business forward. The ‘Saludo SMEs’ campaign is Globe Business’ annual initiative to recognize the contribution to sustainable economic development made by micro, small and medium businesses. It was first launched in 2019 to shine a spotlight on SME challenges and successes and inspire other entrepreneurs facing similar struggles to keep going, and coming off a troubled 2020, the campaign message feels more poignant and emotionally-charged than ever. This year’s campaign kicked off with a virtual event featuring special messages from Globe President and CEO Ernest Cu and Ayala Corporation President and CEO Fernando Zobel de Ayala. In their messages, the respected business leaders highlighted how they collaborate to empower MSMEs with the right tools and skills to reinvent their business and own their success.   Cited was the tri-pillar program between Globe Business, Bank of the Philippine Islands (BPI), and the Ayala Enterprise Circle (AEC) which helps SMEs retool and shift to digital in order to thrive in the post-pandemic digital era. The three organizations work hand-in-hand to curate services that complement one another to give SME owners a perfect set of tools to confidently navigate the changing business landscape. Globe Business offers an array of digital business solutions to equip MSMEs in their digital journey including products, platforms, learning programs, and technology assistance. BPI SME Loans, on the other hand, has developed Biz Tech, a loan program specifically for Globe Business MSMEs who need a financial boost for their business, while AEC extends exclusive perks and benefits from other Ayala companies to help Globe Business customers save on expenses. “The commitment and the resilience we have witnessed among MSMEs as they navigate the challenges brought on by the pandemic inspires us to continue developing innovative ways to support our local entrepreneurs and carve pathways for them to succeed as the backbone of our economy,” said Ayala. For his part, Cu stressed that Globe Telecom remains focused on its role as an enabler of digital transformation for all Filipinos, including businesses, by providing them with technology and agile and affordable solutions. “As businesses begin their journey to economic recovery, we will continue to extend our hand to entrepreneurs to give them meaningful and life-enabling innovations and access to opportunities and growth,” said Cu. Supporting MSMEs in their digital transformation journey with back-to-back activities Among the activities that Globe Business will roll out for SMEs this month is the Digistore, supported by the DTI Negosyo Center and the DTI Bureau of SME Development, which was developed to boost the sales of partner entrepreneurs through cross-selling on Globe’s digital platforms. The Digistore will encourage Filipinos to support local MSME brands by buying from the live-selling activities hosted by Globe Business on its Facebook page. Globe Business is also launching a search for MSMEs that have tapped into the power of digital technology to pivot their operations and survive the pandemic. Five businesses will be chosen by the telco giant from among the stories shared to an SME showcase worth P50,000 to help boost their business and expedite their digital transformation.   Lastly, new and existing Globe Business customers will also benefit from Globe Business Upstart—a loyalty program designed to empower micro, small and medium business owners through three core pillars: digital leadership, business enablement, and exclusive partnerships. Members will have access to this starting July 5 when they register to the program. Owning business success through “Tuloy Tayo!" Globe Business is a staunch supporter of the MSME sector and is committed to be their partner for success in every way possible.

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San Miguel Corporation | Your world made better (06-30-21)

June 30, 2021

Corporate

By: ,

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2GO Makes Traveling to Cebu Easier, Affordable, And Convenient For Tourists

June 18, 2021

Corporate

By: PR, MANILA, 17 June 2021 – The province of Cebu, which is open for travel and tourism, heartily welcomes tourists from the National Capital Region. “The Gateway to a Thousand Journeys” makes it easier,more affordable, and convenient for travelers to set foot in the island once they secure their travelrequirementsin advance, such as their confirmed hotel bookings, S-PaSS registrations, and 2GO Traveltickets. “With Cebu’s less stringent community quarantine, visitors can enjoy luxurious island resorts in Mactan; stroll the unspoiled white sand beach of Bantayan; go on a canyoneering adventure in Kawasan Falls; dive and see the rich marine life in Malapascua; watch dolphins and whale sharks in Oslob; and have a unique sardine run experience in Moalboal. They can book their voyages to Cebu, and immediately start their vacation onboard 2GO Travel,” 2GO Assistant Vice President for Marketing Blessie Cruz said. For as low as ₱399, the Philippines’ premiere sea travel provider, can take their passengers from Manila all the way to the historical Queen City of the South aboard its newest ship, MV 2GO Maligaya. The traveling public can start booking their promo tickets today until June 20, 2021 to travel from July 15 to December 15, 2021. The discounted rate also applies to Cebuanos who are planning to sail from their hometown to the nation’s capital, including passengers from Manila to Bacolod, Coron, Iloilo, Dumaguete, Puerto Princesa and vice versa. “It’s fun and it’s safe with 2GO Travel. We amplify the passenger experience by upgrading our fleet, our terminals, and our onboard accommodations and amenities. At 2GO, we strictly implement and comply to health and safety protocols imposed by the government, while aiding our passengers to adhere to travel advisories,” Cruz added. In addition, tourists from Batangas and Caticlan and Roxas (and vice versa) can avail tickets for only ₱299, while routes from Manila to Butuan, Cagayan de Oro, Iligan, Ozamiz, Zamboanga and vice versa are for ₱499. All tickets are inclusive of accommodations and 50 kg baggage allowance, exclusive of meals and other fees, and subject to free unlimited rebooking. To book and rebook your tickets, please visit 2GO Travel’s website, https://travel.2go.com.ph/, call our hotline (02) 8 528 7000, email us at travel@2GO.com.ph, or visit any 2GO outlet, authorized agent, and SM Business Center near you!     ABOUT 2GO TRAVEL 2GO Travel is one of the largest premier sea travel providers in the Philippines. It constantly strives to push boundaries in providing travelers a wide selection of reasonably-priced hotel accommodations, tours, and event packages to make for unforgettable trips. 2GO Travel is backed by over 148 years' worth of combined history in the travel industry, making it a local leader in setting sea travel standards and trends. The company is present in more than 2,000 outlets nationwide, operating in 18 ports of call in Luzon, Visayas, and Mindanao to bring you easy, comfortable, and economical travel-whether you are bound for the sunny beaches of Boracay, the gastronomic wonderland that is Cebu, or the alluring pockets of paradise in Palawan. By integrating its fleet with top-notch tours and accommodations, breathtaking destinations, and warm hospitality from an experienced and dedicated crew, 2GO Travel continues to redefine sea travel in the best ways possible so you can be rest assured that for every trip you plan with us, you are always #Ready2GO. ABOUT 2GO GROUP, INC. 2GO Group, Inc. is the Philippines’ largest integrated transportation and logistics provider, at its core has five business units, namely, 2GO Sea Solutions, 2GO Special Containers, 2GO Logistics, 2GO Distribution, and 2GO Express.  

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DBM: Php160B funds require President’s approval

July 15, 2021

Money Matters

By: , The Department of Budget and Management (DBM) stated in a recent interview that P160 Billion in project funds marked “for later release” may only be allocated upon the approval of the Office of the President. DBM Secretary Wendel Avisado stated that the department does not arbitrarily withhold funding. “Hindi naman kami pwedeng mag-ipit ng pondo. Ang trabaho namin mag-release (We are not able to withhold funds. The nature of our work is to release),” he said in a radio interview. There are two categories of funds to be released under the General Appropriations Act (GAA). Funds marked “for comprehensive release” may be disbursed upon the authorization of the departments involved; while funds classified as “for later release” need the President’s approval, according to Avisado. “Kapag 'for later release,' may pondo na. Kaya nga lang, walang kontrol ang DBM at kailangan kong i-forward sa Office of the President (If [a fund has been indicated] ‘for later release’, the fund has already been allocated for. However, the DBM has no control [over the release], and I need to forward such to the Office of the President),” said the DBM Secretary. In September of last year, the Office of the Ombudsman also weighed in on DBM’s actions regarding the non-release of non-pandemic funds, which Senator Paniflo Lacson had at the time warned against “setting a precedent for future issuances by DBM”. Several members of the Legislature have spoken on the issue, as the P160 Billion in question is critical to the success of several pandemic response projects to be enacted by several government bodies. Among those who raised concerns were Senate Minority Leader Franklin Drilon, Senate President Pro Tempore Ralph Recto, and Sen. Sonny Angara. Drilon suspected that these funds remain unreleased due to politicking, especially against the backdrop of the incoming 2022 national elections. However, Avisado denied this claim. “Hindi po [ito] nakakabit sa eleksyon dahil ang eleksyon ay next year pa. Ang pondo ay para sa taong ito, 2021, at hindi para sa 2022, (This isn’t connected to the election, because the election takes place next year. The funds in question are for 2021, and not for 2022),” he refuted. Government critics remain skeptical, however, arguing that political campaigning begins far before the “official campaign period” does.

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SEC reminds Normin, Caraga corporations to submit audited financial statement before June 30

June 9, 2020

Money Matters

By: PR, THE Securities and Exchange Commission – Cagayan de Oro Extension Office (SEC-CDOEO) reminds all corporations for the submission of Audited Financial Statements (AFS) which is due this June 30, 2020. The Northern Mindanao and Caraga Regions’ Stock and Non-Stock corporations whose fiscal year ends November 30, 2019 and December 31, 2019 are obliged to submit their AFS together with the General Information Sheet (GIS) otherwise corresponding penalties will incur.       Atty. Renato V. Egypto, Director for SEC-CDOEO in a statement reminds all corporations to file and submit their reports “For all corporations, it is best to file early as now for us to avoid crowd or mass gathering. The SEC-CDOEO has been open to accept submissions since the occurrence of pandemic in the region”.       SEC-CDOEO accepts walk-in submissions from Monday to Friday (8:00AM – 5:00PM). Preemptive measures are observed in the office and thus, clients are directed to follow.       For areas with travel restrictions, clients may send their reports via courier with mailing address: SEC Bldg., Tomas Saco Del Lara Sts., Macasandig, Cagayan de Oro City.       Sending through e-mail (soft copies) is also accepted however will be deemed as partial submission considering that hard copies will complete the requirements. With this, electronic signatures, and unnotarized documents are temporarily allowed. Reports have to be submitted through reports_cdo@sec.gov.ph.       This submission is in pursuance to the Revised Corporation Code, under Sec. 177 (a) which requires all corporations to submit their annual financial statements to be audited by an independent Certified Public Accountant, however, if total assets or total liabilities of the corporation are less than Six Hundred Thousand Pesos (Php 600, 000.00), the financial statements shall be certified under oath by the Corporation’s treasurer or chief financial officer.       The reportorial requirements shall be submitted annually and within such period as may be prescribed by the Commission.       The AFS other than the consolidated financial statements, shall have the stamped “received” by the Bureau of Internal Revenue (BIR) or its authorized banks, unless the BIR allows an alternative proof of submission for its authorized banks (e.g. bank slips).       Late filings shall have corresponding penalties as imposed by the Commission guidelines, and/or may place the Corporation under delinquent status in case of failure to submit the reportorial requirements three (3) times, consecutively or intermittently, within a period of five (5) years. The Commission shall give reasonable notice to and coordinate with the appropriate regulatory agency prior to placing under delinquent status companies under their special regulatory jurisdiction.

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Unemployed persons in R10 rise to 236,000 as of April 2020

June 9, 2020

Money Matters

By: PSA PR, RESULTS of the April 2020 Labor Force Survey shows that unemployment rate in the region registered at 11.1 percent. This is the highest recorded unemployment rate since 2005. Unemployment rate in January 2020 was reported at 3.2 percent while April 2019 unemployment rate posted at 5.0 percent.   In terms of magnitude, the total number of unemployed individuals as of April 2020 reached to 236,000, higher than the recorded unemployed persons in April 2019 at 121,000. In other words, there are 115,000 more individuals who are unemployed as of April 2020 as compared to the same period in the previous year which reflects the impact of CoVID-19 economic shutdown to the labor market.   The region's unemployment rate is lower than the national average of unemployment rate at 17.7 percent. The region also posted the lowest unemployment rate among the 17 regions.   Employment rate in the region fell to 88.9 percent in April 2020 from 96.8 percent in January 2020. In April 2019, employment rate registered at 95.0 percent. This translates to a decrease in the employed persons by around 400 thousand, that is, from 2.3 million employed persons in April 2019 to 1.9 million persons in April 2020.   The region, however, recorded the highest employment rate among the 17 regions of the country.

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PSBank Q1 net income: P646.2m

May 7, 2020

Money Matters

By: , THE Philippine Savings Bank (PSBank), the consumer banking arm of the Metrobank Group, recorded a net income of PhP646.2 million for the first quarter of 2020. Net interest income grew 21.8% to PhP3.2 billion versus the same period last year while net service fees reached PhP458.1 million. Net Income for the first quarter of 2020 is lower by 5.1% on increased credit provisioning. Total loan portfolio as of the first quarter of this year grew by 3.6% to PhP165.0 billion coming from the strong demand in the first two months of this year prior to the Enhanced Community Quarantine (ECQ) period. This contributed to total assets growth of 1.8% year-on-year to PhP240.3 billion. Low-cost deposits improved by 10.2% reaching PhP60.6 billion. Gross non-performing loans is stable at 3.7%. PSBank’s balance sheet remains strong with capital of PhP34.8 billion. The Bank’s total Capital Adequacy Ratio (CAR) of 17.2% is well above the regulatory minimum of 10%. “PSBank has a strong balance sheet and capital position coming into this unprecedented situation. Cognizant of the potential impact of the pandemic to the economy, we decided to exercise prudence by increasing provisions to 150% versus previous year. During the quarantine period, the Bank continued to operate 80% of its branches while keeping in place precautionary measures to ensure that our customers and employees are safe. Both customer and IT support were further strengthened to keep our online banking services available 24/7, this being the alternative banking channel during these times,” PSBank President Jose Vicente Alde said. To assist customers during this period, the Bank put together an easy-to-use ‘Quick Customer Enquiries’ module in its website which shows information on daily branch schedules, fraud protection tips, loan payment grace periods, and how-to guides on banking services. PSBank ensured the availability of safe and convenient digital banking services for customers to still do their banking transactions: Check deposit using the PSBank Mobile Check Deposit facility launched in September 2019; Mobile and Online fund transfers via InstaPay and PESONet;  PaSend for mobile cash remittances withdrawable from over 1,000 combined PSBank and Metrobank ATMs nationwide; payment of bills via mobile or online; and 24/7 cash availability in PSBank ATMs. PSBank likewise made it easy for customers to reach the bank through various communication platforms: Chatbot “ISSA” via FB Messenger (Interactive, Speedy & Simpleng Assistant) for quick queries; “LiveChat” if customers wish to interact with our Customer Associates; and our 24/7 Customer Experience Hotline for phone-in concerns. (PR)

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LANDBANK, Converge sign P3-B loan to boost internet coverage

September 9, 2021

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By: , State-run Land Bank of the Philippines (LANDBANK) signed a P3-billion loan agreement with Converge Information and Communications Technology Solutions, Inc. (Converge) to help provide fast and reliable internet service to more subscribers nationwide. LANDBANK President and CEO Cecilia C. Borromeo alongside Converge CEO Dennis Anthony H. Uy and President Maria Grace Y. Uy led the virtual loan signing ceremony to support the fiber broadband service provider’s continuing terrestrial and subsea domestic network expansion and finance working capital requirements. They were joined by Converge Deputy Chief Finance Officer Christine Renee R. Blabagno and LANDBANK officials, namely Agricultural and Development Lending Sector Officer-in-Charge, Senior Vice President Filipina B. Monje and Corporate Banking Group Head, Senior Vice President Ma. Celeste A. Burgos. Also present during the signing ceremony was Converge Chief Financial Office Advisor Matthias Vukovich. During the virtual ceremony, LANDBANK emphasized the importance of investing in technology as more Filipinos adapt to a digital lifestyle due to the ongoing pandemic. “We are hopeful on this new partnership between LANDBANK and Converge to ensure the delivery of fast and consistent internet services across the country. It is with urgency that we must support more users in adapting to home set-ups for work and education in the new normal. This is also aligned with LANDBANK’s thrust of leveraging on digital innovations to provide uninterrupted, safe, and timely financial solutions to our clients, especially the unbanked and underserved,” said LANDBANK President and CEO Borromeo. Converge CEO Uy expressed his gratitude to LANDBANK for providing an accessible financial channel to expand their fiber footprint nationwide.  “This loan financing brings us one step closer to our goal of connecting the unserved and underserved areas in the country. The available funds will help us reach into untapped markets and really ‘Go Deep’ into existing ones,” said CEO Uy during the virtual loan signing. Converge will utilize the credit support from LANDBANK for its continued network expansion across the country, broadening its distribution reach, and boosting international connectivity. The total loan package from LANDBANK will also include an additional short term loan line as well as a facility for its trade transactions amounting to up to P2 billion. In line with servicing the emerging needs of its clients in the new normal, LANDBANK successfully facilitated 73.5 million transactions amounting to P1.307 trillion through its five major e-banking channels from January to July 2021. This represented comparative year-on-year increases of 12% and 65%, respectively.  As of July 2021, the Bank has also facilitated the opening of more than 1.7 million online accounts through its Digital On-boarding System or DOBS which digitizes the submission of account applications.  LANDBANK also launched recently the DOBS Mobile which facilitates online savings account opening in as fast as 10 to 15 minutes. The LANDBANK DOBS Mobile eliminates the need to line up in branches to open an account, in support of the National Government’s Ease of Doing Business (EODB) initiative, as well as safety protocols imposed to limit COVID-19 infections. LANDBANK also continues to waive fees for inter-bank fund transfers via InstaPay and PESONet for retail clients until September 30, 2021.

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J&T Express and Shopee strengthen ties as they kickstart the holiday season with the biggest Double-Day deals and free shipping vouchers

September 9, 2021

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By: , Online shoppers nationwide can now rejoice as leading delivery service PH Global Jet Express Inc. (J&T Express Philippines) and partner e-commerce giant Shopee kickstart the holiday season starting this September with the biggest deals, brand promos, free shipping, and the lowest discounts to date.  Vice President of J&T Express Philippines Zoe Chi said that for the past two years since they partnered with Shopee, the “ber” months have traditionally been the highlight of the shopping season in preparation for the upcoming holidays. With Christmas just around the corner, J&T Express ensures that shopping for essentials and gifts alike for friends and family won’t be hampered by the pandemic with their premium delivery services.   “Filipinos are very generous, which is why when they buy, they don’t just buy for themselves. We are happy and excited to share the holiday spirit by offering discounted vouchers and promos with our e-commerce app partner to make gift-giving happier even during these tough times. We look forward to continuously supporting Shopee on their upcoming campaigns,” Chi added.  Aside from site-wide free shipping during Shopee’s 9.9 Super Shopping Sale and upcoming monthly double-day sales, customers can also avail a 10% discount using J&T Express’ exclusive promo code SHPJT99 with a minimum spend of Php 500.00 and capped at Php 100.00, on September 9 only.  J&T Express is a proud partner of Shopee in helping entrepreneurs and brands express their online business and provide deliveries to customers. Over the years of working together with Shopee, as one of the official delivery couriers of the e-commerce giant, J&T Express has remained dedicated to providing fast and reliable delivery service among Shopee customers and sellers. J&T Express also offers free pick-up service within Metro Manila so Filipinos, especially small businesses, can still send essentials to their customers and remain operational despite the strict lockdown period. Customers can choose from scheduling their free pick up online, mobile application, or phone call. To know more about the company’s services, visit https://www.jtexpress.ph/. 

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Start a Robinsons Bank UITF investment for just Php 1,000!

September 3, 2021

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By: , Being financially-savvy has now become a trend among Filipinos. Many are challenging themselves to save up for the future, whether it’s to prepare themselve for when they start a family, buy a new house, start their businesses and more.  However, Filipinos are now looking for better and more efficient ways to grow their savings. Investing is the road less traveled for numerous reasons: 1) it would require a big capital; 2) Zero to minimal knowledge; and 3) Lack of time to manage the fund.  If you’re one of the many Filipinos who has these same worries, today’s the day it will all go away.  Robinsons Bank thru its Trust and Investments Group has now launched the easiest and most affordable investment product in the market! Start your investment for as low as Php 1,000. There are three UITF products you can choose from, each suited for a different risk appetite: 1) Payday Money Market Fund, 2) Equity Index Feeder Fund, 3) Equity Opportunity Feeder Fund.  You don’t have to worry about the time it will take to manage your investment because RBank’s Trust professionals will be doing the work for you.  Payday Money Market Fund: Say #YEStoPaydayInvesting! The Robinsons Bank Payday Money Market Fund is a low-risk investment that is perfect for first-timers. With this fund, your money will have the potential to earn from investments in bank deposits, government-issued securities, and others. If you have a conservative risk appetite, this may be the UITF product for you.  You can also have a regular subscription in the Payday Money Market Fund every Payday (15th and 30th of the month)! Learn more: https://bit.ly/RBankPaydayUITF Equity Index Feeder Fund: Invest in the PSEi If you want to explore other investment products and thought of investing in big companies, the Equity Index Feeder Fund can suit you! In this fund, your money can earn by investing in the Top 20 pubicly-listed companies in the Philippine Stock Exchange Index (PSEi). As long as these companies are growing, your funds will also grow. However, since this fund has relatively higher returns, it is also high-risk and suited for aggressive investors.  Learn more about this fund here: https://bit.ly/RBankeiUITF Equity Opportunity Feeder Fund: Get  potentially  higher returns! Last but not the least, maximize your fund’s earning potential by investing in emerging small to mid-sized companies listed in the Morgan Stanley Composite Index (MSCi) through the Equity Opportunity Index Fund. The companies listed here have the potential to grow, which means your investment can also grow with them! This fund aims to have better or higher returns than the MSCi. With higher returns, comes a higher-risk that’s suited for investors with an aggressive risk appetite.  Learn more about this fund here: https://bit.ly/RBankeoUITF  Your Php 1,000 can go a long way by investing in Robinsons Bank’s UITF products. However, to get the best results, always invest in long-term.  Ready to start your investment journey? Send an email to  TrustGroup@robinsonsbank.com.ph or call (02)8702-9546; (02) 8702 -9500 loc 48746, 48744. The Unit Investment Trust Fund is not a deposit and is not insured by the Philippine Deposit Insurance Corporation (PDIC). The returns cannot be guaranteed and historical NAVPU is for illustration of NAVPU movements/ fluctuations only. When redeeming, the proceeds may be less than the original investment and any losses will be solely for the account of the client. The trustee is not liable for any loss unless upon willful default, bad faith, or gross negligence.  Robinsons Bank is the financial services arm of the Gokongwei Group, one of the largest conglomerates in the Philippines. It currently ranks 18th among universal and commercial banks in the country, with assets amounting to Php 151.215 Bn Bn as of December 2020. The Bank is recognized as the Fastest Growing Retail Bank in the Philippines for 2019-2010 by The Global Banking and Finance Review; Fastest Growing Commercial Bank in the Philippines for 2019 and 2020 by the Global Business Outlook; and the Best Commercial Bank in the Philippines for 2020 by the International Business Magazine.

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Bajaj: Ang Bagong Biyahe sa Zamboanga Peninsula

September 3, 2021

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By: , Zamboanga Peninsula found its cream of the crop transportation vehicle five (5) years ago – a unique, symmetrically arranged three-wheeler that is powerful, safe, comfortable, and durable in Bajaj RE.  Trimotors, the exclusive distributor of Bajaj Three-wheelers in the Philippines continued its initiative in changing the landscape of the last-mile transportation nationwide by catering to the market’s need for updates and upgrades. With an outstanding availability in 800+ authorized dealer stores and more than 700 widely accessible parts and service shops, Bajaj RE stayed in its position as “Ang No. 1 Three-wheeler” and came through with its new advanced features: Sleek Dashboard w/ MP3 Player, Rear Seat Metal Doors, and Symmetrical Transparent Hood during an online launch last May 2021.  From the usual pampasada - Bajaj RE, Trimotors launched an addition of its three-wheelers through Bajaj Maxima series which offers every Zamboanguenos’ a tool and partner in achieving their business diskarte. This upgrade has bigger and better features powered by 236.2 CC DTS-i engine, Heavy-duty CV Shaft that can carry heavier loads and Dual Front Fork Suspension which continuously absorb shock and harsh motions. The Bajaj Maxima series is available in two (2) different models: The New Bajaj Maxima Z is the best for both transporting passengers and carrying loads due to its flexi-seating advantages with 60:40 foldable seats offering multi-purpose features tagged as “Ang multi-purpose partner sa Negosyo”. And Bajaj Maxima Cargo, a three-wheeler intended for hauling and delivering cargo loads now promises to deliver powerful solutions not just for the SMEs but fleet managers and public servants. Trimotors continue to expand its product categories and market availability through one of its partner dealers, Emcor, Inc. It is also the initiative to simultaneously bring progress to the locals of Western Mindanao. Continue to experience quality and comfort in a much preferred last-mile mobility – Ang Bagong Biyahe in Zamboanga Peninsula with Bajaj Three-wheelers. Know more about Bajaj Three-wheelers and its latest arangkada through www.bajaj.com.ph    ABOUT TRIMOTORS  Trimotors Technology Corporation is the exclusive distributor of Bajaj Three-wheelers here in the Philippines headed by its Executive Vice President and COO, Mr. Raul Jay R. Manglapus III.  Over the years of Trimotors is paving the way to provide the technologically advance three-wheelers through Bajaj RE – “Ang No. 1 Three-wheeler, Bajaj Maxima Z – “Ang multi-purpose partner sa Negosyo” and Bajaj Maxima Cargo – “Delivering Powerful Solutions”.  Bajaj Three-wheelers are widely available nationwide through its over 800 outstanding authorized dealer stores and 700+ parts and service shop to serve you.

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