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TESDA, Toyota-CDO forge industry-immersion plan Volume III, No. 080
Editor : Cheng Ordoñez
Tuesday
See story Page 12 August 26, on 2014
C
BSP mulls changes in e-payment system
AGAYAN de Oro City - The Technical Education and Skills Development Authority (TESDA) in Region 10 and Toyota Cagayan de Oro recently forged a Memorandum of Agreement (MOA) for an industry immersion on automobile technology.
The partnership, dubbed as “Industry Immersion for Trainors Program (IITP),” which forms part of Toyota’s Corporate Social Responsibility, aims to address TESDA’s need, as well as the TVET providers’ need to upgrade and sustain a level of currency in the TVET delivery system and instruction that is industry relevant. The IITP provides opportunity for automotive trainors to work with See plan, page B7
By Joann Santiago
TESDA and Toyota Officials during the Memorandum of Agreement (MOA) Signing on Industry Immersion for Trainors Program (IITP). From Left – Ms. Kotie R. Bax, TESDA 10 OIC-chief - Regional Operations Division; Dir. Edgar A. Sales, TESDA 10 OIC-regional director; Mr. Peter Lim Lo Suy, Toyota Executive VP/general manager; Ms. Nancy U. Ramirez, Toyota asst. general manager; and Mr. Eric M. Uy, Toyota asst. VP for After-Sales Department. (Photo courtesy of TESDA 10)
BOC auctions P300m worth of white and glutinous rice MANILA -- The Bureau of Customs (BOC) has announced it will be holding a public auction through sealed bidding of white rice and glutinous rice worth more than Php300 million. The bidding will be conducted on Aug. 28, 2014 at 2:30 p.m., Office of the District Collector, Manila International Container Port (MICP) Building, North Harbor, Isla Puting Bato, Tondo, Manila. The following will be available for auction: a) 70x20’ containers; White rice more or less 36,400 bags x 50kg/bag, Floor price:
Php 47,028,800; b) 80x20’ containers; Glutinous rice, more or less 41,595 bags x 50kg/bag; Floor price: Php 71,980,147.50; c) 70x20’ containers; Glutinous rice more or less 36,400 bags x 50kg/bag; Floor price: Php 62,990,200;d) 30x20’ containers; Glutinous rice more or less 15,598 bags x 50kg/bag; Floor price: Php 26,992,339; e) 75x20’ containers; White rice more or less 39,000 bags x 50kg/bag; Floor price: Php 50,388,000; f) 60x20’ containers; White rice, more or less 31,200 bags x 50kg/bag; Floor price: Php See rice, page B7
REHub Real Estate Inc. Officials Dr. Mary Gaw So, CPV, (yellow dress), President; Margaret Gaw (red dress), Chairperson; and Winston Gaw (Standing at the back), Chief Executive Officer, during the press conference on Wednesday (Aug. 20) held at Romulo Cafe, Jupiter Street, Makati City, as they announced the holding of REHub Expo 2014 on Sept. 5-7 at the World Trade Center. Its main objective is to centralize all real estate activities, policies, procedures and requirements in preparation for the ASEAN integration in real estate and tourism. (PNA photo by Gil S. Calinga)
OFW members earn P16.4-M from SSS Flexi-Fund savings More than 35,000 Overseas Filipino Workers (OFWs) registered with the Social Security System (SSS) received a total of P16.4 million as income on their savings under the
SSS Flexi-Fund Program. SSS Senior Vice President and International Operations Division Head Judy Frances A. See said Flexi-Fund accounts in 2013 earned P7.24 million in
annual incentive benefits (AIBs) on top of the P9.16 million credited as guaranteed earnings, thus bringing the Fund’s effective rate of return to 4.2 percent for the year.
The total AIB, which amounted to 79 percent of total guaranteed earnings, was distributed to the accounts of qualified members on July 31, 2014. “The Flexi-Fund pro-
gram remains to be a profitable investment instrument available for OFWs wanting to increase their private savings and retirement income,” See said. “Aside from See savings, page B7
It is a normal thing now that people pay their purchases in department stores and supermarkets through electronic payment or epayment. But ironically the number of payments made through this system is so trivial: one percent of the 2.5 billion payments monthly. ”In a country where mobile penetration exceeds by 100 percent and people are engage in technology and mobile data services, this is quite incongruous,” Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. said recently. The reason: lack of epayment infrastructure. In an e-mail, Tetangco explained that e-payment is not just about the use of the automated teller machines (ATMs) but also the cash card and mobile wallet among others. He explained that using e-cash is far safer and convenient than bringing actual money. But he noted that e-payment usage cannot advance yet domestically because of several factors like the number of Filipinos who still do not have access to the formal banking system and the acceptance of the merchants for this system. “We need to have an appropriate market infrastructure to promote the use of electronic payment,” he said. For one, when you pay electronically to date some transactions fail because of signal problems in using the point of sale (POS) terminals. Tetangco noted that it is a good thing that ATM networks namely Bancnet have Expressnet have agreed for interconnection. See system, page B7
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