Here are another set pictures sent to us by Mr. Roberto Acevedo on what happened in Iloilo after Typhoon Frank hit the province.
If you have pictures on what happened in your province after Typhoon Frank hit the country, please do send it to us at my personal email kevinraychua@gmail.com.
"Our government must now speed up the processing of the necessary documents so that the thousands of typhoon victims who have lost their homes, property and loved ones can receive some relief to help them rebuild their lives," said Roxas, a former representative of Capiz, which was among the provinces in the Western Visayas region that were ravaged by the storm.
"I thank PAG-IBIG President Miro Quimbo for his responsiveness to my call for expeditious assistance to the typhoon victims. This will go a long way in helping them, and I hope other government offices follow suit," he said, adding that he will also seek the assistance of the Social Security System (SSS).
"The destruction and mounting number of casualties because of typhoon 'Frank' is heartbreaking. We all need to pitch in and help to give rays of hope to those affected by the storm and floods," he said.
I would like to thank Jan Alvin Dimla of Blog Tambayan, Scarlett of Politique Economica and Ryan of Another Blogista on the Spot for nominating this blog as one of their Top 10 Emerging Influential Blogs of 2008, a writing project initiated by Ma'am Janette Toral to identify new and emerging blogs that are making an impact to its readers in 2008. These are blogs that started anytime from July 1, 2007 to the present. This blog started last July 29, 2007, thus it's very qualified for the search!
If you are a blogger and you think that this blog is worthy of being named as one of the Top 10 Emerging Influential Blogs of 2008, then check out the Influential Blogger blog for more details.
We are now in the 6th spot as of Week 9! Help us stay in the Top 10!
I would also like to thank again Filipinayzd, Flowell, Mark, Jehz, Myk, Francis, Lugud, Kay JD, Dexter, Rhodilee, Cecile, Richard the Adventurer, Richard D., Joan, Ederic and Jaypee for nominating this blog.
ORAS NA!
Meanwhile, PCCI Chairman Miguel Varela said that the 2010 polls were crucial to uplifting the lives of Filipinos.
"We need a massive campaign to educate the public and ensure that mechanisms are in place to maintain the integrity of the ballot. We all want social and economic reforms and we continue to wait for that paradigm shift to a politics of substance from a politics of popularity," Mr. Varela saidMr. Varela has a point. The upcoming election would really matter and would determine on how we can shift our country from the failed policies of this administration. We can just be sitting there, as if we didn't felt the sufferings. We need to do something and compel our leaders to do their job.
Outgoing PCCI President Samie Lim on the other hand said it was not too early to stage a forum on the 2010 elections.
"We believe that the choice we will make in 2010 is so critical that we have to start early in assessing our potential leaders.That's one of the main point why this blog was launched. We need to make the Filipinos have a mindset that there will and should be an election in 2010. Charter change would not be an excuse for postponing the elections nor another declaration of martial law. The other point also is to open the minds of the Filipinos and give them an ample time to take a look at our bet, Senator Roxas. In this way, we can exhaust ourselves to do everything and prove to them that Senator Roxas would be the best among the rest. We may be insulted by some people for having this too early but we are determined on changing how elections work in the Philippines starting here in the cyberspace.
"One of the questions to ask is, are we really having an election in 2010? If we are, who are the best candidates? It will also be interesting to look into the real power of different sectors and the new media in influencing voters’ decisions."
We need to get involved as early as possible when another election is done. It not at all time we need to settle down. It's also time to think ahead for the future. Our leaders can address the issues of today and at the same time, work for the future.
To those people who are saying that now is not yet the time to get involved about the 2010 elections, I ask you, when? Would 90 days of campaigning around the country be enough to get to know the candidate? Would we allow ourselves to be blinded by the polishes candidates make by that time?
Now is the time to get involved. Think of the future. Think what's best for your country.
Sign the petition and join the movement!
And by the way, I would also like to share to you Carlo Ople's reaction upon meeting Senator Roxas. Enjoy!
The 2010 Presidential elections will be a pivotal moment for the Philippines, and right now your feedback will help guide me on how to improve our draft Mar Roxas campaign.
Your feedback is crucial. Whether you've been involved heavily or just a bit, been a supporter since the beginning or are new to this movement, your feedback will inform the planning for our draft Mar Roxas campaign:
Little by little, people across the country and in different parts of the world have been engaged in this campaign at the grassroots level.
Your work, your passion, and your stories will define this campaign and will be instrumental in our success -- and as we go forward, your input is more valuable than ever.
Share your feedback now -- it's essential to moving our campaign forward:
We've learned a lot together over the past 11 months, but we're preparing for a journey more demanding than any challenge we've faced.
Yet in this challenge we also have an opportunity to run this trailblazer campaign in Philippine history.
Thank you in advance for your participation in this important survey. You and people like you in communities across the country are the heart of this campaign.
Thank you,
Kevin Ray N. Chua
Blogger
Mar Roxas for President in 2010
"It's not enough to know the damage in peso terms but on how this will manifest itself in terms of rice and food prices and supply. Let's be more open and transparent about this and other problems, to come up with an integrated plan for rehabilitation and mobilization of resources in the wake of typhoon 'Frank'," he said.Roxas has been aiding in and coordinating with different agencies on relief and rehabilitation efforts in Capiz and Iloilo since Friday.
The Chairman of the Senate trade and commerce committee, said the external shock of a global rice crisis combined with the internal shock of a major typhoon disaster requires a long and hard look at existing strategies and the need for long-term programs to avert a more acute rice and food shortage.
"Typhoon 'Frank' shows how vulnerable our food supply and its affordability are to internal shocks caused by weather disturbances and natural calamities. All the more we need to invest in our farmers and make sure that they get the support needed to recover from this latest setback," he added.Roxas also called on the Department of Trade and Industry to activate the National Price Coordinating Council as an initial step to preventing unjustified price increases of goods and services by unscrupulous traders.
The price of ordinary commercial rice has gone up from P32/kg a month ago to P36-P39/kg at present. Roxas has repeated that the worldwide shortage in the commodity is forcing the country to focus on raising domestic production and attain self-sufficiency, to meet local demand.
Hard flour (Wellington), used for making pan de sal, is now at P980 per 25-kg bag, a more than 50% increase from P640 a year ago. Meanwhile, soft flour, used for making noodles, is at P840 per 25-kg bag, from about P500 a year ago.
He also noted that the price of petroleum products has increased for successive weeks now. Unleaded gasoline now costs P57.96 per liter and diesel now costs P50.94/L, after an increase last weekend of P1.50/L. Liquefied petroleum gas has increased by P1/L to P32.22/L or P653.70 per 11-kg tank, further burdening consumers struggling with high prices of food.
I am a politically-inclined person since I was 7 years old. I like talking about politics. I never realized that someday, I would be a trailblazer someday in this niche (as what Ederic Eder used to described my blog). As part of my enthusiasm with it, I tried to join the system. Here in Cebu, when I was in Grade 6 elementary, as part of the Know Your Barangay Month, I was nominated as a Barangay Councilor and represented our school (Punta Princesa Elementary School) in our one-day representation in the Barangay Council. It was fun!
When I was in highschool (Don Vicente Rama Memorial National High School), during my 1st year, I was elected as Class Vice-President. Then, elected as President during my 3rd year and successfully, as Supreme Student Government President during my 4th year.
Why was I elected? I probably think that my close association with the word "politics" made me, humbly speaking, a prominent person in the school.
Let me share to you on his thoughts about Mar Roxas:
"Despite my occasional digs at Mar Roxas, I could still see that he's one of the most eligible candidates for the presidency in 2010. However, I would like to see the day when he stands up and lead us, all consumers, to a rally against rising oil and food prices. Enough of this palengke tours. Roxas should be like her grandfather who stood up against our oppressors for the benefit of the people.Thanks again!
Mar, lead us. Be presidential, like Barack Obama."
“I ask the National Disaster Coordinating Council and the Departments of Social Welfare and Development and of Interior and Local Government, as well as private individuals or organizations, to provide assistance to these areas in Visayas most affected by typhoon “Frank”,” the Senator and former Capiz representative said.Roxas arrived in Capiz yesterday, Friday, for the opening ceremonies of a 15-megawatt diesel power plant in Panit-an, but this was canceled due to the bad weather.
“The DILG should help the local governments under a state of calamity, while the NDCC and DSWD should look at temporary shelter, food and health needs of those whose homes were destroyed or are in flooded areas,” he said.
“If there are relief items to give, these should be sent to offices of the Provincial Governor or City Mayor,” he advised the public.
The storm is still ongoing, and the affected areas are suffering from a power outage. Communication is limited, with little or no cellphone signal reception as well.
Aside from these problems, other areas such as in Iloilo province have been flooded, up to the second floors of many houses. Even with many volunteers, there is little transport available to them for them to participate in rescue operations.
“The harrowing experience of Ces Drilon and her crew underscores the hazards that professional journalists face in their line of work. On a daily basis, however, they also risk harassments from powerful persons who prefer to operate in the shadows and outside the margins of the law,” he said.The two bills, he said, would ensure that the people’s right to know will be unfettered.
“Decriminalizing libel and ensuring public access to government documents are vital steps in upholding the principles of transparency and press freedom,” he added.”
Roxas, Liberal Party President, filed Senate Bill No. 110 seeking to decriminalize libel, because he believes the nature of the offense can be properly resolved in civil proceedings. The threat of imprisonment, he added, can be used as a means of harassment by big shots in the government and private sector.
Journalists and other citizens also have to deal with the unavailability of information and official documents as a result of minimal disclosure of government offices, even when such information is of public interest. Roxas has thus filed Senate Bill No. 109, the Free Information Act.
“In order to reform our public institutions, we have to first make sure that there is a system of transparency and accountability in the flow of information,” he said, while also noting that Martial Law was able to flourish in part due to a controlled press.Roxas noted that a Supreme Court case is still pending, wherein he and his fellow LP stalwart Sen. Noynoy Aquino are seeking the disclosure of National Economic Development Authority (NEDA) documents relating to the controversial National Broadband Network, whose P15-billion cost was to be funded by taxpayers until it was canceled due to public uproar.
“If only our agencies had strict and definite guidelines to follow on the release of public information, this whole NBN debacle may have never happened,” he said.
If you are a blogger and you think that this blog is worthy of being named as one of the Top 10 Emerging Influential Blogs of 2008, then check out the Influential Blogger blog for more details.
Help us stay in the Top 10!
I would also like to thank again Filipinayzd, Flowell, Mark, Jehz, Myk, Francis, Lugud, Kay JD, Dexter, Rhodilee, Cecile, Richard the Adventurer, and Richard D. for nominating this blog.
ORAS NA!
"They have been through a harrowing experience from which they would need more time and privacy to recover from. Meanwhile, this incident must and should not be condoned. Our law enforcers must work closely with local officials to stamp out terrorism and banditry in Mindanao and bring its perpetrators before the bar of justice."
"This incident is but a symptom of a deep and systemic problem: decades of poverty and armed conflict in the South exacerbated by government's neglect. It is imperative that the executive branch start mobilizing its resources to help the people of Mindanao cope with rising prices, growing poverty, and widespread unemployment. An effective economic relief package for poor communities in conflict-areas in Mindanao would deter the build-up of terrorist forces in the region."
This is the fervent hope of Senator Mar Roxas, principal author of the recently enacted measures providing for cheaper medicines and tax exemptions for minimum wage earners.
Roxas, chairman of the Senate committee on trade and commerce, noted that the economy is in danger of slowing down because consumption has been reduced due to high prices.
“To keep the economy moving, we must provide immediate relief to consumers. Otherwise we face a triple whammy of runaway inflation, high unemployment and widespread hunger,” he warned.The senator authored Senate Bill No. 1962 which seeks to suspend the 12% VAT on oil to give consumers a much-deserved respite from soaring prices.
“Ngayon, higit na kailangan ng mga mamimili ang pera nila. Sila ang higit na nakakaalam sa kanilang mga pangangailangan, kaya mas mainam na maiwan sa bulsa nila ang perang ito kaysa mapunta pa sa mga leakages sa gobyerno,” he said.
Roxas also authored the recently enacted Universally Accessible Cheaper and Quality Medicines Act of 2008 and the Tax Exemption for Minimum Wage Earners Law which was signed by President Arroyo this morning.
The Liberal Party president said he is hoping that his bill calling for the suspension of the 12% VAT on oil would be the third law to be included in the package of relief measures legislated at this time of crisis.
“They say that good things come in threes. Unfortunately, the administration has limited its options to subsidies for certain sectors. It continues to ignore the fact that a temporary removal of the VAT on oil will be felt directly by each consumer with no cash out from the government,” Roxas added.The newly-signed Republic Act No. 9504 will provide minimum wage earners in the private sector, as well as government workers with the equivalent of a minimum wage salary, with an additional take-home pay of P34 per day, or P750 per month, by exempting them from income taxes. It also increases the personal exemptions of all individual taxpayers.
Republic Act No. 9502, the Universally Accessible, Cheaper and Quality Medicines Act, was signed last June 6. The law seeks to increase competition in the local pharmaceutical market. It allows the importation of more affordable medicines from abroad, and also supports the development of local generics firms. The law also gives the government the powers to regulate prices when necessary, and strengthens the Bureau of Food and Drugs.
Roxas’ SB 1962, filed last December, would suspend the VAT on oil for six months, after which the executive would be allowed to restore the VAT in full or on a staggered basis.
If you can have time, please do vote for Senator Roxas on that site. The poll can found at the bottom of the left sidebar. As of today, the rankings are:
Bayani Fernando - 21%
Manny Villar - 17%
Ping Lacson - 17%
Noli De Castro - 14%
Richard Gordon - 3%
Loren Legarda - 0%
ORAS NA!
"If they insist on this three-year subsidy plan, then they must prove beyond a shadow of a doubt that these subsidies will go to the poor. They must show us built-in anti-corruption safeguards, credible delivery mechanisms, and a comprehensive list of all target beneficiaries before we even seriously consider having this Ark discussed in the Senate," he stressed.The Chairman of the Senate Trade Committee said without a credible ‘Noah' figure to lead this program, the subsidies will just be parceled out to different agencies and departments without transparency, accountability and effective monitoring.
"Sa Noah's Ark, naroon si Noah para magdesisyon kung sino ang dapat sumakay sa barko at sino ang maiiwan sa lupa. Dito sa ‘Noah's Ark' na pinaplano ng pamahalaan sino ang gaganap na Noah? (In the biblical story, Noah was there to decide on who should ride his Ark. In the government's planned ‘Noah's Ark' program, who will act as Noah?)" he said.
"Sino si Noah na siyang magsasabing time-out sa politika at korapsyon dahil ang pondo na ito ay para sa mahihirap? Baka mas marami pang butas ang Arkong ito kesa sa bilang ng mga natulungan," he added.Roxas has repeatedly said the better subsidy package at this time of crisis is to suspend the value-added tax (VAT) on petroleum products, so the savings would redound directly to consumers, who are in the best position to know where to spend these. However, the government has repeatedly refused this proposal.
"Hindi ito ‘Noah's Ark' pero ito ay matibay na salbabida para sa lahat ng consumers. Pati ang mga nasa transport sector ay makikinabang dahil liliit ang kanilang ibinabayad sa diesel at gasolina. Bakit hindi ito ang unahin natin? Matagal na itong nasa Lower House pero hindi umuusad dahil ayaw ng administrasyon na mabawasan ang kanilang kikitain mula sa EVAT (This is not like ‘Noah's Ark' but this is a strong lifevest for all consumers. Even those in the transport sector stand to benefit because what they pay for diesel and gasoline would be reduced. Why not prioritize this? This has been pending in the Lower House, and has not moved since because the administration does not want its revenues from EVAT reduced)," he said.
As of the 7th week, the Mar Roxas for President in 2010 Blog has landed on the 7th spot . Please do help us stay on the Top 10 until the end of the search and help us lift up from the 7th spot. Below is the overall ranking of the blogs mentioned for week 1, 2, 3, 4, 5, 6 and 7 entries:
- http://visitsagada.com/
- http://www.filipinovoices.com/
http://manilafoodistas.blogspot.com/ - http://missingcarlo.filblogs.com/
- http://delfindjmontano.blogspot.com/
- http://www.blogniinday.com/
http://www.davaodeli.com/ - http://www.yougottech.com/
- http://marroxas2010.blogspot.com/
http://www.kopongkopong.com/ - http://creativecurio.com/
- http://www.gensantos.com/
http://www.pinoymountaineer.com/
http://www.thewisdomjournal.com/
http://workwithria.wordpress.com/ - http://www.blissfullydomestic.com/
http://blog.edarevalo.net/
http://simplemom.net/
http://www.skelliewag.org/
You are also invited to join the Top 10 Emerging Influential Blogs in 2008 writing project of Ma'am Janette Toral. Join now!
If you are a blogger and you think that this blog is worthy of being named as one of the Top 10 Emerging Influential Blogs of 2008, then check out the Influential Blogger blog for more details.
Help us stay in the Top 10!
I would also like to thank again Filipinayzd, Flowell, Mark, Jehz, Myk, Francis, Lugud, Kay JD, Dexter and Rhodilee for nominating this blog.
ORAS NA!
We would like to extend also our posthumous greeting to the late Senator Gerardo Roxas, the father of our beloved public servant Senator Mar Roxas. Thanks Sir Gerry for having Mar with us.
Also, I would like to extend my greetings to my one and only father who supported all my endeavors in life and never bothered to guide me to the right path, Ronilo N. Chua (the one wearing an olive green polo shirt). If not for him, I would not be a political-minded person. Naks! He's my hero and he's my father.
If you are a blogger and you think that this blog is worthy of being named as one of the Top 10 Emerging Influential Blogs of 2008, then check out the Influential Blogger blog for more details.
Help us stay in the Top 10!
I would also like to thank again Filipinayzd, Flowell, Mark, Jehz, Myk, Francis, Lugud, Kay JD and Dexter for nominating this blog.
ORAS NA!
We are starting a movement that the Philippine internet society has never seen before. We are starting to build-up support from the grassroots level to urge and help elect Senator Mar Roxas for President in 2010 through this blog. This is a hard thing to do.
I took the challenge in setting up this blog and no one ever expected that we would come this far. After all, it's your support that helped the blog reach this point.
Your support matters! Rise up to the challenge!
We need your active participation in making this campaign successful by spreading the word about this blog and telling your family, your friends, your relatives and even ordinary people why Mar Roxas deserves to be our next President.
In this campaign of ours, we are not limiting our age limit membership. No matter who you are, where you are and what your age is, you can freely join us. By your simple act, you can help us succeed in our goal.
Join us and help make history!
ORAS NA! ROXAS NA!
If you can have time, please do vote for Senator Roxas on that site. You need to register first before you can vote. As of today, the rankings are:
Manny Villar - 23%
Ping Lacson - 15%
Richard Gordon - 8%
Feliciano Belmonte - 0%
Noli De Castro - 0%
Joseph Estrada - 0%
Bayani Fernando - 0%
Loren Legarda - 0%
ORAS NA!
Meet fellow Mar Roxas 2010 supporters, create groups, post comments, send messages, add photos and music, announce events, and start discussions. Through this, we can be able to coordinate our efforts in bringing Mar Roxas to Malacañang in 2010.
I hope that you can help me spread the word about this new project of mine. This would help us in strengthening our grassroots level.
ORAS NA! ROXAS NA!
Senator Mar Roxas condemned the attack on Biliran Rep. Glenn A. Chong's father on Saturday evening, resulting in the death of two security escorts.
"We condemn this attack on Rep. Chong's father in the strongest terms. It is an affront to democracy, the rule of law and our civilized ways of living," the Liberal Party President said.
According to news reports, four armed men fired their guns at Charlie Chong when he was just about to enter his house after arriving from work. Two of his security escorts died in the assault.
"I call on the Department of Interior and Local Governments to step in and order an immediate investigation into this despicable act of violence," Roxas said.
He also expressed concern over the safety of the Chong family while the perpetrators remain unidentified.
Rep. Chong, 32, is a Liberal Party stalwart and a first-term congressman. His father was able to survive the ambush unhurt.
Roxas, the principal author of the Universally Accessible, Cheaper and Quality Medicines Act said that to jumpstart the law's implementation, the President must immediately allocate at least P1 billion for the parallel importation program. She should also direct the Bureau of Food and Drugs to fast-track reforms using its own earnings as now permitted by the law.
"To win the war against unjust drug prices, the government must set aside at least P1 billion for parallel importation of essential maintenance drugs. Ensuring wide public access to affordable medicines is underpins a national strategy for longer and healthier lives," he said.Roxas said government agencies must finalize the implementing rules and regulations (IRR) at the soonest possible time. In drafting the IRR, he said the broadest sectors must be involved and consulted with by the government to thwart any efforts to derail the noble intentions of the law.
"Our battle does not end with the skirmishes we won in Congress. Those with vested interests have the money and power to see to it that the law will fail. The war for more affordable medicines can be won if we put up a united front against those who prefer to keep the status quo," the chair of the Senate trade and commerce committee said.Yesterday, Roxas met with leaders of various labor groups and discussed how they could bring in more affordable medicines for their members, be it through the Philippine International Trading Corp. (PITC) or by themselves engaging in parallel importation. He reported that the Trade Union Congress of the Philippines expressed interest in pursuing parallel importation of essential drugs for its members.
"I am optimistic that the different sectors will rally behind the crusade for affordable medicines. TUCP Secretary-General Ernesto Herrera will sit down next week with PITC officials to concretize the initial steps toward parallel importation. I will continue to work with other sectors that are wiling to use this law to promote better health among their members," he said.The Liberal Party President stressed that his 10-year battle for quality and affordable medicines does not end today with the enactment of the law. He said passing this law is just the first step; making sure that the government uses all the tools available under the law and pooling the support of the broader sectors would be the next campaign.
"Our war for more affordable, accessible and quality medicines for our people continues. On my part, we will meet with various civil society groups, labor groups, private entities, among others, to pull them in and be involved in bringing down prices of medicines," he said.
We have been in the blogosphere for almost a year and we must show to them that we are strong and that we have a formidable presidential candidate in 2010.
Help me in spreading the word. We can be able to gather more support from the people both from the internet and on the ground. Please tell your friends about the online petition and, if you have a blog then make an article about it, or send the online petition link to your friends through e-mail.
Here are the thoughts of some signatories of the online petition:
Vengie M. Ravelo said...
"Wow!!!! Sigurado panalo ka na Mr. President. Uuwi ako sa Caraga Region para campanya kita doon."Alan Burgos said...
"The most charismatic presidentiable with unquestioned political background. I like to see him as the next president. ABANTE PILIPINAS!"Monalisa Flores said...
"You (Sen. Roxas) can count on me this coming election 2010... Good luck and God bless... Stay as what you are..."Chit said...
"Lets help Philippines to be a more progressive and more jobs for all the people!"Nestor said...
"Ang isang public official na katulad mo ang gusto kong mamuno sa ating bansa. I 100% support for Mar Roxas for President this coming 2010 national election."Laling Demingoy Legg said...
"We need to support Mar Roxas not only because he is our own but he is the best for the people and the government."Corina A. Yotoko said...
"I would like to see Mar as the first single president of the Republic of the Philippines. And no doubt Mar will make a great untainted president!!"Ian Rommel Retuya said...
"I support the desire of Mr. Mar Roxas to become the next president of the philippine republic come 2010. Our country needs a man like him. Has a heart for the poor, vision for the youth, honesty and integrity. Mr. Mar, please ask my uncle Kiko Pangilinan to be your running-mate."Bari Melano said...
"The man I entrust to steer the wheel for good governance... Mar Roxas for President, 2010."Bub Ong said...
"Let us start the change we want to see... Let us bring principled politics back to our country!"Honesto L. Romero said...
"Mar Roxas is very capable indeed to be our next president."Roderick P. Ybardolaza said...
"Impeccable political pedigree, unsullen reputation, economic expert, highly educated... kumpleto rekado. Mar Roxas sa 2010."Ginalyn Lipardo-de Guzman said...
"I believe that Sen. Roxas has the ability and the capacity to be the next pres. It will be a better Philippines under him. As a CAPIZENO, I strongly support him. I just hope he will run. More power and God bless!"Erlo Bornales said...
"We support you together with my whole family."Avel Manansala said...
"We need Mar Roxas to put our country back into its orbit! Ayoko na ng gulo!"Selvie dela Cena said...
"The TOP leader of the country's future!"Dodie Enriquez said...
"Let's bring back trust to our government. Let's bring Roxas to presidency."Alexei said...
"I'd just like to express my support for the good senator. I hope he will really consider running for the Presidency in 2010. The country needs more people like him."Aileen Salita said...
"Mar Roxas is not corrupt. He has done great deeds for our fellow countrymen without boasting them on the TV or print ads, he stays quiet and low profiled inspite of all his achievements."Jeanette Santos-Carrillo said...
"Mar is the man! I believe in his capability to make a difference in our country. Will definitely campaign for him."
If you are a blogger and you think that this blog is worthy of being named as one of the Top 10 Emerging Influential Blogs of 2008, then check out the Influential Blogger blog for more details.
Help us stay in the Top 10!
I would also like to thank again Filipinayzd, Flowell, Mark, Jehz, Myk, Francis, Lugud, and Kay JD for nominating this blog.
ORAS NA!
“More than 90% of businesses are MSMEs, and they employ 70% of the workforce. On the other hand, due to limited financial resources, their contribution to national productivity is limited to 30%,” he said.Under the said law, banks and other lending institutions will be mandated to allot a minimum 8% of their loan portfolio for micro and small businesses. At present, the minimum allotment is only 6%.
It also redefines micro, small and medium businesses: micro enterprises are those with total assets not exceeding P3 million, small enterprises are those with assets not exceeding P15 million, and medium enterprises are those with assets not exceeding P100 million.
The law also increases the Small Business Corp.’s authorized capital stock to P10 billion for the implementation of policies and programs to aid MSMEs.
“The law seeks to develop MSMEs, to increase their capability to provide employment and to increase their contribution to the economy. But all of these will only be realized if the implementation plan would be immediate, clear and ‘down to the last centavo,” he said.