PGMA to honor entrepreneurs
President Gloria Macapagal-Arroyo will honor the Most Inspiring Bataeño Entrepreneurs and Microentrepreneurs at the Bataan People’s Center in Balanga tomorrow (Nov.6).
Mrs. Arroyo will visit
Go Negosyo hopes to achieve this goal by teaching aspiring entrepreneurs how to spot business opportunities, go into product development and marketing, and raise the necessary financing.
Established in January 2005, Go Negosyo aims to develop, through road shows and campaigns, entrepreneurship among the people, with emphasis on micro enterprises that would eventually lead to establishment of small and medium entrepreneurship (SMEs).
For this reason, the President encourages the holding of, and sometimes leads, the Go Negosyo Caravan. She also lends support to the publication of Go Negosyo books and airing of Go Negosyo Bigtime TV show, among other projects.
Mrs. Arroyo, through SMEs, hopes to intensify growth and spur economic development in the country.
SMEs comprise about 99.6 percent of all business establishments in the country. These employ 70 percent of the nation’s workforce and contribute 32 percent to the economy.
PGMA leads the groundbreaking of the $ 40-M Sokor project in
CLARK FREEPORT, Pampanga, Nov. 5 -- President Gloria Macapagal-Arroyo on Thursday led the groundbreaking of the $ 40- million South Korean project at the former Grand Duty Free area here.
The President, together with Clark Development Corporation (CDC) president Benigno Ricafort and other local officials, lowered the ceremonial time capsule that signaled for the construction of the 10-storey building in a 1.69-hectare area.
The groundbreaking is an offshoot of the signing of an agreement between Ricafort and Donggwang Clark Corp. Chairman Shin Kun Lee during the Chief Executive’s state visit to
Ricafort said the proponent expects about 500 job opportunities for residents of the Metro Clark area and in neighboring towns and provinces in Central and
He said the construction of the building covers the first phase of the huge tourism project that the Korean firm will establish at the Next Frontier in
He said the planned $ 150-million resort complex to be constructed at the Next Frontier area will initially employ 1,000 workers.
The site development planning of the project is on-going, with construction to start upon CDC’s approval of the development plans, he said.
Earlier, the same Korean firm also informed the CDC that an estimated P218 million will be poured for the construction of a 1.8-kilometer spine road and the 4.5-kilometer East Road 2 that connects the Next Frontier to the
These roads are in support of the 300-hectare tourism estate to be developed by Donggwang in the Next Frontier area.
Ricafort said the road projects will be built “with no cash out” on the part of the CDC and will be considered as advance lease rentals following standard government procedures.
Donggwang Construction Co. Ltd (DCC) is the mother company of Donggwang Clark Corporation. DCC is one of the largest construction companies in
The company boasts of a total asset amounting to 1.2 trillion won or around $ 945 million.
DCC currently owns and operates three golf courses and condotels in
Pagasa warns of landslides in rain-soaked highlands amid incessant rains
"We can expect rains especially in
Heavy rains will affect parts of Luzon including Bicol and in
Northeast monsoon is currently affecting Luzon and Visayas, while wind convergence is prevailing over
The National Disaster Coordinating Council (NDCC) instructed five regions to take precautionary measures due to heavy rains caused by the surge of northeast monsoon since the early part of the week.
Disaster officials in Ilocos,
Nilo maintained that no tropical cyclone is existing within the Philippine Area of Responsibility (PAR).
Strong to gale force winds is expected to affect the seaboards of
“Central and Southern Luzon, Visayas and
Inflation up slightly in October due to typhoons
The National Statistics Office said inflation rose 1.6 percent in October from 0.7 percent in September. Inflation a year ago was 11.2 percent.
The October inflation was near the high-end projection of Bangko Sentral ng Pilipinas of between 0.8 percent and 1.7 percent for the month.
The October's figure brought the 10-month average to 3.2 percent, or well within the central bank’s full-year target range of 2.5 percent to 4.5 percent.
The agency blamed the pick up of inflation to the devastation caused by typhoon “Pepeng” in the northern part of
"Higher prices of fruits and pork were also noted in selected regions including NCR," NSO said.
These factors resulted to a 0.6 percent uptick in the month-on-month inflation rate at the national level from 0.2 percent in September.
Prices in Metro Manila rose to 1.1 percent in October from a 0.3 percent contraction in September due to the acceleration in the inflation rates of food beverages and tobacco and housing and repairs (H&R) index.
In areas outside the metropolis, prices were up 1.9 percent in October from 1.1 percent in September.
The NSO said inflation rate for FBT in the
On the other hand, slower annual price movements were registered in the indexes of clothing and miscellaneous items at 2 percent from 2.1 percent and fuel, light and water (FLW) and services still recorded negative annual rates at -3.6 percent and -2.2 percent, respectively from their corresponding last month’s rates of -3.4 percent and -3.1 percent.
For food alone, inflation climbed to 3.8 percent in October from 2.1 percent in September.
Prices were higher in rice at 0.8 percent in October; fruits and vegetables, 9.6 percent; and meat, 4.5 percent.
"The limited supply of vegetables in the markets as roads from vegetable supplying provinces were not passable due to landslides and road cuts caused their prices to accelerate during the month," the NSO said.
The agency added the difficulty in catching fish species brought about by unfavorable weather conditions resulted to less supply in the wet markets.
Higher prices of canned fish were also noted during the month, the NSO said.
ECC says company ID is proof of employment
The Employees’ Compensation Commission (ECC) recently issued an advisory allowing the submission of the identification card of a worker as proof of employment in response to numerous complaints concerning the non-acceptance of EC claims by the employees’ compensation program administering agencies, the Social Security System (SSS) and the Government Service Insurance System (GSIS), due to failure of the covered member to submit a certificate of employment.
The admissibility of an identification card in the absence of a certificate of employment which may occur when the employer refuses to issue or sign the worker’s certificate of employment has long been settled by the ECC when a policy was issued allowing secondary evidence like a company identification card as proof to establish the existence of an employer- employee relationship.
Even the Supreme Court recognizes the fact that no particular form of evidence is required to prove the existence of employer-employee relationship. The High Tribunal said that any competent and relevant evidence to prove the relationship maybe admitted. The High Court added that in a business establishment, an identification card is usually provided not only as security measure but mainly to identify the holder as a bonafide employee of the firm that issues it.
The Rules of Procedure for the Filing and Disposition of Employees’ Compensation Claims require the submission of updated service records or certificate of employment signed by the employer or his authorized representative, as one of the supporting documents in filing a disability or death benefits claim under the Employees’ Compensation Program.
