Sunday, August 27, 2006
Reform boost GSIS position as top GOCC
|
Power Vegetables In A Drink |
|
The Government Service Insurance System (GSIS) remains the most profitable government owned and –controlled corporation (GOCC) in the country, statics form the department of finance (DoF) showed.
The DoF data on the consolidated public sector deficit (CPSD) said the GSIS surplus for the first half of the current year significantly offset the negative cash position not only of other GOCCs, but also of the national government.
The January to June 2005 CPSD showed that P23.566 billion in surpluses were chipped in by the GSIS, the Social Security System, and PhilHealth. The GSIS contributed P13.74 billion or about 58 percent of the three GOCCs’ combined surpluses.
The GSIS’ P13.74-bvillion surplus for the first semester has exceeded by P5.1 billion the P8.607-billion projected cash flow surplus of the state pension fund for the period.
The emergence of GSIS as the best for performing GOCC is largely due to the reforms initiated by GSIS President and General Manger Winston Garcia to plug loopholes that were previously draining the funds of government employees.
These reforms include prudent spending and the implementation of programs such as the Premium-Based Policy and the Claims and Loams Interdependency Policy (CLIP).
The Premium-Based Policy, in a nutshell, entails the granting of benefits and privileges to member based on the actual and correct premiums the GSIS received from its members. The CLIP, on the other hand, cross defaults the members’ outstanding dues.
The GSIS and the other GOCCs strong fiscal position complemented the improve cash position of the national government, which according to the CPSD data manage to reduced by almost 60 percent its budget deficit.
The government registered a deficit of P94.299 billion in the first six months of 2004. But due, Among others, to its cost-saving measures, the country’s budget deficit now stands at only P41.619 billion.
23 October, 2005, Manila Bulletin
Proceed now to Best of Pinoys News List
Global Filipinos to organize and harness economic, social, and political power of Filipinos through networking. Click to Pinoy
ituloy angsulong
The DoF data on the consolidated public sector deficit (CPSD) said the GSIS surplus for the first half of the current year significantly offset the negative cash position not only of other GOCCs, but also of the national government.
The January to June 2005 CPSD showed that P23.566 billion in surpluses were chipped in by the GSIS, the Social Security System, and PhilHealth. The GSIS contributed P13.74 billion or about 58 percent of the three GOCCs’ combined surpluses.
The GSIS’ P13.74-bvillion surplus for the first semester has exceeded by P5.1 billion the P8.607-billion projected cash flow surplus of the state pension fund for the period.
The emergence of GSIS as the best for performing GOCC is largely due to the reforms initiated by GSIS President and General Manger Winston Garcia to plug loopholes that were previously draining the funds of government employees.
These reforms include prudent spending and the implementation of programs such as the Premium-Based Policy and the Claims and Loams Interdependency Policy (CLIP).
The Premium-Based Policy, in a nutshell, entails the granting of benefits and privileges to member based on the actual and correct premiums the GSIS received from its members. The CLIP, on the other hand, cross defaults the members’ outstanding dues.
The GSIS and the other GOCCs strong fiscal position complemented the improve cash position of the national government, which according to the CPSD data manage to reduced by almost 60 percent its budget deficit.
The government registered a deficit of P94.299 billion in the first six months of 2004. But due, Among others, to its cost-saving measures, the country’s budget deficit now stands at only P41.619 billion.
23 October, 2005, Manila Bulletin
Proceed now to Best of Pinoys News List
Global Filipinos to organize and harness economic, social, and political power of Filipinos through networking. Click to Pinoy
ituloy angsulong
Proceed now to Philippine Newspapers | Famous Entrepreneurs | Global Warming News | Home Shopping Online
Business Marketing by Aredconsult
 |
 |
 |
Business Marketing by Aredconsult
Tuesday, August 15, 2006
Top lady of IAFEI puts Philippines on world stage
|
Power Vegetables In A Drink |
|
A Ph.D. in organization and development planning from the Southeast Asia Interdisciplinary Development Institute, an MDP from Harvard Business School, an MBA from Ateneo, a BSBA University of the Philippines and a long string of sterling career achievements.
These are what Dr. Conchita L. Manabat carries with her as the chair of the International Association Financial Executives Institutes (IAFIE) and the person top on of the now abrewing 2005 World Congress of Financial Executives to be held at the Makati Shangri-La Hotel on December 4-7, 2005.
The IAFIE Annual World Congress brings together hundreds of finance professionals, practitioners, academicians and business leaders from across the World and provides the global platform for sharing of authentic information and relevant insights on the world’s important financial developments and drives promotion of best practices and forging of strong networks.”
The 2005 World Congress has been organized by IAFEI’s Philippine member institute, FINEX (Financial Executive Institute of the Philippines).
The theme of the Congress is “Global Markets: Thriving in Shifting Financial Landscape.” It is expected to bring in some 500 delagates comprising of CEOs, CFOs and finance executives from across the world with the participation from developed economies like Germany, Italy, Japan, USA and Singapore as well as developing economies such as China, Taiwan, India, the Philippines and Thailand.
A very busy person, Dr. Manabat shuttles to and from Europe where the IAFEI headquarters is based, with Switzerland as legal domicile and Austria as secretariat site. She is the first female and first Asian to head this global organization.
The IAFEI is federation of Financial Executives Institutes of various countries, and is a private, non-profit, non-political organization.
With more than twenty member institutes comprising more 100,000 financial executives, IAFIE is the largest global organization of its kind, and operates with the key objective of promoting networking opportunities for finance executives, building a wider understanding the financial practices worldwide and promoting ethical and best practices of financial management throughout the world.
Aside from attending to IAFEI matters, Ms. Manabat is also chair of her own company, CL Manabat and Co./Deloitte Touche and Tomatsu, a Trustee of University of San Carlos in Cebu City, and chair of Capital Market Development Council.
This petite but cerebral woman from Binan, Laguna, having been a financial executive for decades, knows fully well the demands expectations of the finance executive. She says that to stay ahead in the competitive landscape, finance executive need a combination of updated financial, strategic organizational skills, strong business networks and a clear big picture world view.
Asked what one can expect from attending this Congress, Manabat says that “financial executives will learn from leading global, regional and local financial luminaries the big picture of emerging and future economic and financial trends with a special focus on the significance of Asia in an everchanging world. There will be technical updates and finance best practice insights raging from international accounting and global financial markets to finance best practices and attributes of the global Chief Finance Officer. Attendees will also be able to reaffirm the common and continuing values expected of finance professionals in high ethical standards and corporate governance.”
The lady is a real achiever. With all the financial luminaries that she has attracted to our shores, she has raised the Philippines a notch higher in the world spectrum.
October 24, 2005, Manila Bulletin
Proceed to Best of Pinoys News List
Global Filipinos to organize and harness economic, social, and political power of Filipinos through networking. Click to Pinoy
ituloy angsulong
These are what Dr. Conchita L. Manabat carries with her as the chair of the International Association Financial Executives Institutes (IAFIE) and the person top on of the now abrewing 2005 World Congress of Financial Executives to be held at the Makati Shangri-La Hotel on December 4-7, 2005.
The IAFIE Annual World Congress brings together hundreds of finance professionals, practitioners, academicians and business leaders from across the World and provides the global platform for sharing of authentic information and relevant insights on the world’s important financial developments and drives promotion of best practices and forging of strong networks.”
The 2005 World Congress has been organized by IAFEI’s Philippine member institute, FINEX (Financial Executive Institute of the Philippines).
The theme of the Congress is “Global Markets: Thriving in Shifting Financial Landscape.” It is expected to bring in some 500 delagates comprising of CEOs, CFOs and finance executives from across the world with the participation from developed economies like Germany, Italy, Japan, USA and Singapore as well as developing economies such as China, Taiwan, India, the Philippines and Thailand.
A very busy person, Dr. Manabat shuttles to and from Europe where the IAFEI headquarters is based, with Switzerland as legal domicile and Austria as secretariat site. She is the first female and first Asian to head this global organization.
The IAFEI is federation of Financial Executives Institutes of various countries, and is a private, non-profit, non-political organization.
With more than twenty member institutes comprising more 100,000 financial executives, IAFIE is the largest global organization of its kind, and operates with the key objective of promoting networking opportunities for finance executives, building a wider understanding the financial practices worldwide and promoting ethical and best practices of financial management throughout the world.
Aside from attending to IAFEI matters, Ms. Manabat is also chair of her own company, CL Manabat and Co./Deloitte Touche and Tomatsu, a Trustee of University of San Carlos in Cebu City, and chair of Capital Market Development Council.
This petite but cerebral woman from Binan, Laguna, having been a financial executive for decades, knows fully well the demands expectations of the finance executive. She says that to stay ahead in the competitive landscape, finance executive need a combination of updated financial, strategic organizational skills, strong business networks and a clear big picture world view.
Asked what one can expect from attending this Congress, Manabat says that “financial executives will learn from leading global, regional and local financial luminaries the big picture of emerging and future economic and financial trends with a special focus on the significance of Asia in an everchanging world. There will be technical updates and finance best practice insights raging from international accounting and global financial markets to finance best practices and attributes of the global Chief Finance Officer. Attendees will also be able to reaffirm the common and continuing values expected of finance professionals in high ethical standards and corporate governance.”
The lady is a real achiever. With all the financial luminaries that she has attracted to our shores, she has raised the Philippines a notch higher in the world spectrum.
October 24, 2005, Manila Bulletin
Proceed to Best of Pinoys News List
Global Filipinos to organize and harness economic, social, and political power of Filipinos through networking. Click to Pinoy
ituloy angsulong
Proceed now to Philippine Newspapers | Famous Entrepreneurs | Global Warming News | Home Shopping Online
Business Marketing by Aredconsult
|
|
|
|
Business Marketing by Aredconsult
Wednesday, August 09, 2006
Production of edible vaccines vs HIV, E. coli in RP being studied
|
Power Vegetables In A Drink |
|
While edible vaccines using banana and tomato are currently being studied by plant molecular biologists and immunologists at the University of the Philippines (UP) – Manila and Los Banos to cure salmonella typhii, studies on edible vaccines to cure other infection diseases including the human immunodeficiency virus (HIV) are also being considered for possible production.
According to Arlene Obmerga of the Philippine Council for Agriculture, Forestry, and Natural Resources Research and Development under the Department of Science and Technology (PCARRD – DoST), studies on the possible production of the edible vaccines against the infectious agents such as Escherichia coli or E. coli, Vibrio cholerae and the human immunodeficiency virus (HIV) are being considered by Filipino plant molecular biologists and immunologists for possible production in the country.
Based on research, salmonella typhii is a pathogen which causes typhoid fever while E. coli can cause sever cases of diarrhea in all age groups by producing a powerful endotoxin and may be caused by poor toilet hygiene as well as other unsanitary practices.
It can be recalled that E. coli had been a hot topic during the summer after a daughter of a congressman died of the said infection.
Cholera, on the other hand, is a severe diarrheal disease cause by the bacterium vibrio cholerae.
Dr. Nina Gloriani Bargaza informed that edible vaccines "are cost effective and reliable in production and delivery, especially in developing countries like the Philippines."
"Compared with injectable vaccines are easier, simpler and cheaper to administer and are more acceptable to the public," she said.
Obmerga said the edible vaccines are envisioned to be consumed in powder form or dry form and packed in sachets so as to enable the vaccine to mix with food and drinks.
UPLB Institute of Plant Breeding (IPB) division head Dr. Pablo Magdalita earlier said that with genetic engineering, the Philippines can produce an edible vaccine against Salmonella typhii made from banana which could cut down the country's expenses on vaccine importation since vaccines against the Salmonella typhii "is not locally available."
October 22, 2005, Madel Sabater, Manila Bulletin
Proceed to Best of Pinoys News List
Global Filipinos to organize and harness economic, social, and political power of Filipinos through networking. Click to Pinoy
ituloy angsulong
According to Arlene Obmerga of the Philippine Council for Agriculture, Forestry, and Natural Resources Research and Development under the Department of Science and Technology (PCARRD – DoST), studies on the possible production of the edible vaccines against the infectious agents such as Escherichia coli or E. coli, Vibrio cholerae and the human immunodeficiency virus (HIV) are being considered by Filipino plant molecular biologists and immunologists for possible production in the country.
Based on research, salmonella typhii is a pathogen which causes typhoid fever while E. coli can cause sever cases of diarrhea in all age groups by producing a powerful endotoxin and may be caused by poor toilet hygiene as well as other unsanitary practices.
It can be recalled that E. coli had been a hot topic during the summer after a daughter of a congressman died of the said infection.
Cholera, on the other hand, is a severe diarrheal disease cause by the bacterium vibrio cholerae.
Dr. Nina Gloriani Bargaza informed that edible vaccines "are cost effective and reliable in production and delivery, especially in developing countries like the Philippines."
"Compared with injectable vaccines are easier, simpler and cheaper to administer and are more acceptable to the public," she said.
Obmerga said the edible vaccines are envisioned to be consumed in powder form or dry form and packed in sachets so as to enable the vaccine to mix with food and drinks.
UPLB Institute of Plant Breeding (IPB) division head Dr. Pablo Magdalita earlier said that with genetic engineering, the Philippines can produce an edible vaccine against Salmonella typhii made from banana which could cut down the country's expenses on vaccine importation since vaccines against the Salmonella typhii "is not locally available."
October 22, 2005, Madel Sabater, Manila Bulletin
Proceed to Best of Pinoys News List
Global Filipinos to organize and harness economic, social, and political power of Filipinos through networking. Click to Pinoy
ituloy angsulong
Proceed now to Philippine Newspapers | Famous Entrepreneurs | Global Warming News | Home Shopping Online
Business Marketing by Aredconsult
|
|
|
|
Business Marketing by Aredconsult
Thursday, August 03, 2006
Pinoy new coach of Vietnam national team
|
Power Vegetables In A Drink |
|
The next time Vietnam faces the Philippines in men's basketball, they may not be so easy to beat anymore. In fact, they may show up with some of our own tricks. On Tuesday, Vietnam appointed a new head coach to accelerate the improvement of their men’s national basketball program.
The new mentor is a Filipino. His name is Ricky Magallanes.
Originally, Magallanes a coach in the high school program of De La Salle Greenhills, was sent by the Basketball Association of the Philippines to Vietnam upon their request to find a dynamic young coach to spearhead their young men's basketball program.
Magallanes arrived in Ho Chi Minh City April 20 with no coaching staff, and a language barrier facing him, not to mention simmering hostility from the Vietnamese and Chinese coaches already employed by the national federation there.
"A lot of trials happened since April, since we're not Vietnamese," Magallanes said in an e-mail to THE STAR. It's good thing my assistant coach and my translator are very supportive and work hard to make my work lighter. I really had to start from scratch, because basketball is not that popular here."
Magallaness relates that, although the federation still was not that trusting of his programs and projects, he was still able to win a local championship in his first outing. As a result, his contract was extended and he was promoted earlier this week to head coach of the national men's team, as well. His assistant will be the former head coach, a Vietnamese Chinese named Mr. Minh.
"Next year, I hope to be able to implement the coaching clinics and player clinics I was originally planning." I plan to bring both the men's and young men's teams to the Philippines to improve their skills. It's a little difficult now, because I'm running both teams."
Magallaness isn't the only Filipino coach to makes wave internationally. Last Monday, members of a group of Filipino coaches – mostly from the high school ranks – returned from a two-moth stint in Malaysia to scout for and train players for AMBAC, the rival group of the Malaysian Basketball Association or MABA.
Beaujing Acot, head coach of the Benedictine International School Tiger Sharks, was the head of the delegation. Acot and company were recommended by Ateneo de Manila head coach Norman Black, who has conducted trainings in Malaysia over the past few years.
October 16, 2005, Bill Velasco, PhilStar
Proceed to Best of Pinoys News List
Global Filipinos to organize and harness economic, social, and political power of Filipinos through networking. Click to Pinoy
ituloy angsulong
The new mentor is a Filipino. His name is Ricky Magallanes.
Originally, Magallanes a coach in the high school program of De La Salle Greenhills, was sent by the Basketball Association of the Philippines to Vietnam upon their request to find a dynamic young coach to spearhead their young men's basketball program.
Magallanes arrived in Ho Chi Minh City April 20 with no coaching staff, and a language barrier facing him, not to mention simmering hostility from the Vietnamese and Chinese coaches already employed by the national federation there.
"A lot of trials happened since April, since we're not Vietnamese," Magallanes said in an e-mail to THE STAR. It's good thing my assistant coach and my translator are very supportive and work hard to make my work lighter. I really had to start from scratch, because basketball is not that popular here."
Magallaness relates that, although the federation still was not that trusting of his programs and projects, he was still able to win a local championship in his first outing. As a result, his contract was extended and he was promoted earlier this week to head coach of the national men's team, as well. His assistant will be the former head coach, a Vietnamese Chinese named Mr. Minh.
"Next year, I hope to be able to implement the coaching clinics and player clinics I was originally planning." I plan to bring both the men's and young men's teams to the Philippines to improve their skills. It's a little difficult now, because I'm running both teams."
Magallaness isn't the only Filipino coach to makes wave internationally. Last Monday, members of a group of Filipino coaches – mostly from the high school ranks – returned from a two-moth stint in Malaysia to scout for and train players for AMBAC, the rival group of the Malaysian Basketball Association or MABA.
Beaujing Acot, head coach of the Benedictine International School Tiger Sharks, was the head of the delegation. Acot and company were recommended by Ateneo de Manila head coach Norman Black, who has conducted trainings in Malaysia over the past few years.
October 16, 2005, Bill Velasco, PhilStar
Proceed to Best of Pinoys News List
Global Filipinos to organize and harness economic, social, and political power of Filipinos through networking. Click to Pinoy
ituloy angsulong
Proceed now to Philippine Newspapers | Famous Entrepreneurs | Global Warming News | Home Shopping Online
Business Marketing by Aredconsult
|
|
|
|
Business Marketing by Aredconsult
Subscribe to Posts [Atom]
