economics – Page 71 – Author Carlo Carrasco

COVID-19 Crisis: Metro Manila mayors to recommend adjustment to Alert Level 1 status starting March 1, 2022

February 24, 2022February 23, 2022carlocarrasco

Thanks to the Lord who listens to the prayers of the faithful, the daily count of new COVID-19 cases kept falling down nationwide for the past few weeks and there are signs of stronger economic activities along the way. It should be noted that more people from overseas arrived in the country.

With regards to Metro Manila or the National Capital Region (NCR), the mayors of the many cities of the metropolis came to an agreement to recommend to the higher authorities the shift of control from the current Alert Level 2 to Alert Level 1 which should take effect on March 1, 2022, according to a GMA News report. Before the news broke out, Muntinlupa City mayor Jaime Fresnedi confirmed he voted for the shift to Alert Level 1.

To put things in perspective, posted below is the excerpt from the GMA News report. Some parts in boldface…

Mayors in the National Capital Region (NCR) have agreed to recommend the de-escalation of the region to Alert Level 1 from Alert Level 2 starting March 1, 2022, the head of the Metro Manila Council said on Wednesday.

“Downgrade to Alert Level 1 starting March 1,” Parañaque City Mayor Edwin Olivarez told GMA News Online in a text message when asked about the recommendation of the council following their meeting Tuesday night.

Under Alert Level 1, intrazonal and interzonal travel shall be allowed without regard to age and comorbidities. All establishments, persons, or activities, are allowed to operate, work, or be undertaken at full on-site or venue/seating capacity provided it is consistent with minimum public health standards.

Interviewed on Super Radyo dzBB on Tuesday, Metropolitan Manila Development Authority (MMDA) officer-in-charge and general manager Romando Artes said the local government units (LGUs) in the NCR are ready to shift to Alert Level 1.

Artes said the NCR has been successful in implementing COVID-19 response programs.

Also on Tuesday, independent monitoring group OCTA Research said the positivity rate in the NCR has decreased to 4.9%, lower than the recommended 5% of the World Health Organization.

According to OCTA, this is the first time the positivity rate in the NCR decreased to less than 5% since December 26, 2021 prior to the COVID-19 surge caused by the more transmissible Omicron variant.

Once it takes effect, Alert Level 1 will pave the way for businesses to operate better which will translate into new job openings that the unemployed badly need. Businesses that cater to customers with their physical presence involved should be allowed to serve them in higher numbers than before. It could also mean local cinemas should be allowed to allocated even more seats for moviegoers. Families should be allowed to bring their children to more places outside their homes as well. Churches should be allowed to accommodate even more people to worship the Lord on Sundays. Along the way, COVID-19 vaccination operations continue to happen and as of this writing, almost ten million people here in the Philippines have received their respective booster shots.

When it comes to the unvaccinated who remain restricted until now, Alert Level 1 means liberty for them. In the city of Parañaque, unvaccinated people are still restricted because there is no lifting of restrictions within the city even under Alert Level 2. Parañaque is one of four local government units (LGUs) where the unvaccinated remained restricted under Alert Level 2 and they are the only city in South Metro Manila to be so.

While Alert Level 1 is liberating, I urge all the people in the Philippines reading this to keep following health protocols. If you are still unvaccinated, I encourage you to get vaccinated for your health, your safety and for the good of the country. From this point on, we will see how the Inter-Agency Task Force (IATF) will respond to the Metro Manila Council’s (MMC) recommendation. Literally, the ball is now in the IATF’s side of the court.

Let me end this piece by asking you readers: What do you think about this recent news report? Do you believe that March 1, 2022 is the right time to start the implementation of Alert Level 1 all over Metro Manila? Do you believe that there are enough people who got vaccinated or boosted nationwide? Do you believe that the highly infectious Omicron variant is no longer a major problem?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Muntinlupa City extends Business Permit Renewal anew to March 31, 2022 without penalties

February 23, 2022February 23, 2022carlocarrasco

The City Government of Muntinlupa has announced another extension on the business permit renewal period up to March 31, 2022.

Muntinlupa Business Permits and Licensing Office has posted on its Facebook page regarding the extension of the assessment and payment of Business Permit Renewal.

“Per City Ordinance No. 2022-318, the deadline for both the assessment and payment of Business Permit Renewal is extended up to March 31, 2022. Renew your business permits now to avoid penalties,” BPLO noted.

Meanwhile, all transactions are now back at City Hall. Previously, taxpayers proceed to Muntinlupa Business Permit Renewal Hub located at Muntinlupa Sports Center, Brgy. Tunasan.

The extension has been approved by the City Council and Mayor Jaime Fresnedi following the request of BPLO. The licensing office noted the economic impact of COVID-19 pandemic to the taxpayers.

BPLO added that the initiative aims to help taxpayers who “may not be able to immediately comply with the mandatory documents which are the basis for the prudent and correct imposable taxes” due to the pandemic.

The extension covers payment of all local taxes, fees and other charges without penalty.

Further, business owners may renew their business permit online via the Business E-payment System (BESt) which can be accessed thru Muntinlupa City official website (www.muntinlupacity.gov.ph).

Muntinlupa BEST is an online platform which allows locators to accomplish business permit applications and transactions through any internet-enabled device. Taxpayers can accomplish transactions including application for New Business Permit, Renewal of Business Permit, Application Status Inquiry, Billing and Payment, and Payment History.

Another option for business locators is the Business Permit Application Self-Service (BPASS) kiosks which are located across the city’s major malls.

Business permits may also be delivered by the city government’s official courier service partner, Keridelivery Inc, to the doorstep of business owners.

Mayor Fresnedi thanked the taxpayers for their continued support in doing their part for the recovery of the city and the local economy.

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The above information was sourced from an official press release. Some parts were changed for this website.

Thank you for reading. If you find this article engaging, please click the like button below and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at HavenorFantasy@twitter.com as well as on Tumblr at https://carlocarrasco.tumblr.com/

San Miguel Corporation’s P14-billion SLEX Elevated Extension Project Inaugurated

February 17, 2022February 16, 2022carlocarrasco

San Miguel Corporation (SMC) is back in the news again as its ambitious South Luzon Expressway (SLEX) Elevated Extension Project was inaugurated recently by Philippine President Rodrigo Duterte, GMA Network reported.

For the newcomers reading this, SMC under the leadership of CEO and President Ramon S. Ang is the same corporation behind the improvements made to the Metro Manila Skyway which ultimately benefited many travelers with improved accessibility and reduced travel times. Ang was present during the inauguration of the SLEX Elevated Extension Project which is worth P14 billion and is almost 4 kilometers long.

To put things in perspective, posted below is the excerpt from the GMA Network news report. Some parts in boldface…

President Rodrigo Duterte on Tuesday led the inauguration of the newly completed South Luzon Expressway (SLEX) Elevated Extension Project, which is seen to ease traffic and boost economic growth in Metro Manila and its surrounding provinces.

In his remarks during the inauguration ceremony at Alabang Northbound Entry in Muntinlupa City, Duterte lauded the formal opening of the SLEX Elevated Extension Project “at a time when our economy is slowly opening up and recovering from the effects of the COVID-19 pandemic.”

“I am personally excited of this expansion projection which is expected to promote greater mobility, help ease traffic, and redound to the economic growth and productivity in Metro Manila and its surrounding areas,” the President said.

For his part, San Miguel Corporation (SMC) president and CEO Ramon Ang said the northbound and southbound lanes of the P14-billion SLEX Elevated Extension project can accommodate 200,000 cars per day.

The four-kilometer project connects Skyway in Sucat, Parañaque to SLEX at Susanna Heights in Muntinlupa, bypassing the Alabang viaduct and providing motorists a direct access to Skyway 1, 2, and 3.

“With this, travel time between Muntinlupa and Balintawak will now be reduced from two hours to just 30 minutes. This will go a long way in addressing traffic congestion,” Ang said.

“Since we soft-opened the southbound SLEX Extension last December 10, 2021 motorists in the south have seen a major improvement in the traffic situation. It has provided relief to thousands of motorists who go home every day to Muntinlupa, Las Pinas, Cavite, Laguna, and Batangas. With both the southbound and northbound section of the SLEX Extension now fully operational, travel to and from the south is easier and faster than ever,” the SMC chief said.

Originally, the project was set for completion by December 2020, a little over a year since it began.

However, this was pushed back when the COVID-19 pandemic struck the Philippines in March 2020, necessitating quarantine restrictions which slowed work progress.

And here is the related video about the inauguration…

Let me end this piece by asking you readers: Do you often travel on the Skyway Elevated Extension? How was your travel experience on the Skyway and the elevated extension going north or south? Do you hope to see San Miguel Corporation keep funding and improving major infrastructure projects in the years to come?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Over 40 employees of online lending applications arrested over alleged harassment of clients and contact persons

February 16, 2022February 14, 2022carlocarrasco

Here in the Philippines, have you been harassed or threatened by people who are working for online lending applications where you borrowed money from? I had to ask that question because it was revealed that more than forty online lending app employees (including a foreigner from China) were arrested for allegedly harassing and threatening clients who could not pay back their loans in time, according to a GMA Network news report.

To put things in perspective, posted below is the excerpt from the GMA News report. Some parts in boldface…

Over 45 workers of online lending applications, including a Chinese national, were arrested for supposedly harassing and threatening clients unable to pay their loans within the prescribed period.

According to Philippine National Police Anti-Cybercrime Group Public Information Officer Police Lieutenant Michelle Sabino, the division had received several harassment complaints against lending apps that were being run by the Cashtree Lending Corp.

The terms and conditions of the applications allegedly contained a clause that granted the firm access to clients’ contacts – a requirement for taking out a loan. Once approved by the borrower, the firm is then said to save the contacts into its database.

“Hina-harass nila ‘yung mga relatives, kasi nga stated eh, ‘di ba nga like ‘yung contact numbers mo nandon… so if you do not pay out, ‘ire-rape namin ’to, papatayin namin,’ and all other threats na posible, ‘yun ang ginagawa nila,” she said in a report on GMA’s “24 Oras Weekend” on Sunday.

(They harass the relatives, as there was a clause regarding contacts… So if you do not pay, they threaten to rape, kill, and all other possible threats. That is what they do.)

The application targets mainly low-income households and those unemployed, even if it was found to have no certificate of authority or permit to operate.

The company’s loans were also said to have high interest rates, and they get in touch with the borrower’s contacts once payment is not made within eight days.

Collecting agents have also been reported to encourage borrowers to make other loans with different loan applications for them to make a repayment.

“Minsan merong mga dumadating sa kanila na sasabihin ng collecting agent na ‘Okay, para makasambot ka, para makabayad ka, magdownload ka ng itong loan app nito, would also offer, so para maka-payoff ka dito sa isa, mag-uutang ka na naman which in turn nabaon na nang nabaon si victim,” she said.

(Sometimes the collecting agents would tell the borrower that for them to be able to pay, they should download another loan app. So for them to pay off their debt in one application, they would borrow again leaving them buried in debt.)

For his part, one of the suspects, Shihai Dao, said the firm did not encourage any harassment.

“Never do anything illegal in Philippines, so I’m confused… Never allowed to employ to harass the client to pay the money back. Just reminding them and tell them to pay (sic),” he said in the same report.

The firm would face charges for violating the Cybercrime Prevention Act of 2021.

“Do not download ‘tong mga lending apps na ‘to, ‘tong mga loan apps. May tendency na ma-threaten pa ‘yung life mo or i-harass, at ang problema, hindi lang ikaw, lahat ng contact mo,” Sabino said.

(Do not download these lending and loan apps. There is a tendency that your life will be threatened or be harassed. The problem is it will not be just you but all your contacts.)

Authorities from the Securities and Exchange Commission (SEC) and the National Privacy Commission (NPC) earlier warned firms against unfair debt collection practices.

Such practices included sending violent threats, using harsh words, disclosing the name and other personal information of the borrower in public, and messaging or calling the people on the contact list of the borrower without his/her consent.

The above report ended stating that lending firms who are guilty of doing the above-mentioned practices may be fined between P25,000 to as much as P1,000,000 and also have their certificate of authority to operate revoked.

Let me end this piece by asking you readers: What do you think about this recent news report? Do you know anyone who got harassed or threatened by people because they are unable to pay back their loans in due time? Have you been seriously considering borrowing money through these online lending apps? Does this recent news development discourage you from taking loans through online lending apps? Do you believe that the immigration officials should do something about foreign workers of online lending apps who got involved with the harassment of clients?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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COVID-19 Crisis: DTI calls for gradual shift to Alert Level 1

February 11, 2022February 10, 2022carlocarrasco

Are you tired of living with restrictions and government overreach these past two years as a result of the COVID-19 crisis? A lot of people are not just tired of it but also frustrated as many of them saw their loss of income, losing their jobs, the closure of their businesses as well as an enormous negative impact on their lives. To manage the people living under the pandemic all around the Philippines, an Alert Level system was established months ago as part of quarantine in relation to the number of new and active COVID-19 cases. Currently Metro Manila is under Alert Level 2, however in the City of Parañaque the restrictions on the unvaccinated are still in effect. Parañaque is one of four Metro Manila local government units (LGUs) that still have not lifted the restrictions on unvaccinated people while Metro Manila is placed under Alert Level 2.

For economic recovery and the uplifting of the country, the Department of Trade and Industry (DTI) called for the gradual shift to the looser and more business-friendly Alert Level 1, according to a GMA Network news report. It should be noted that new cases of COVID-19 infections have declined recently.

To put things in perspective, posted below is the excerpt from the GMA News report. Some parts in boldface…

The Department of Trade and Industry (DTI) on Wednesday backed the calls to downgrade the quarantine status of the country to Alert Level 1 to open more businesses and jobs amid the decreasing number of new COVID-19 infections.

In a Super Radyo dzBB interview, DTI Undersecretary Ruth Castelo said should the country (shift) to Alert Level 1, which is the lowest in the alert level system, it has to be done slowly as there is still the lingering threat of COVID-19.

“Kung mag Alert Level 1 tayo, na gusto din ni (DTI) Sec. Mon (Lopez) na mangyari pero dahan-dahan lang, nandiyan pa rin ‘yung virus. So, kailangan pa rin nating sundin lahat ng health protocols,” she said.

(If we shift to Alert Level 1, which Sec. Mon wants to happen, it should be done slowly because the virus is still there. So, we still need to follow all the health protocols.)

Currently, the National Capital Region (NCR) and several provinces are under Alert Level 2 from February 1 to 15.

Under Alert Level 2, certain establishments and activities are allowed at 50% capacity indoors for fully vaccinated adults and minors, and 70% capacity outdoors, even if unvaccinated.

Meanwhile, under Alert Level 1, all establishments, persons, or activities, are allowed to operate, work, or be undertaken at full on-site or venue/seating capacity provided it follows minimum health standards. This, however, excludes areas under granular lockdown.

Castelo said about 1.5 million businesses in the country can operate at full capacity if the quarantine restrictions are further eased, thus allowing more people to return to work.

“Pagka nag-100% na, full capacity na lahat ng negosyo, lahat nung nagtatrabaho before COVID, ‘yun na din ang makakabalik ngayon,” she said.

(If the businesses are at 100% or at full capacity, all employees working before the pandemic could go back to work now.)

When several areas in the country, including the NCR, moved from Alert Level 3 to Alert Level 2, the DTI estimated that around 100,000 to 200,000 employees got back to work. That is an addition of almost 16,000 workers weekly, Castelo said.

It would be nice to see the shift to Alert Level 1 actually happen as it means better economic recovery, more employment and a healthier society. I personally want the government-imposed restrictions on businesses and on people removed. Remember the sudden ECQ (enhanced community quarantine) in Metro Manila that happened last August followed by the ban on outdoor exercise? A lot of people got frustrated with those two Metro Manila unfortunate developments months ago. Observe closely how the Metro Manila mayors and the Metropolitan Manila Development Authority (MMDA) behave and make decisions. Oh yes, Benhur Abalos is no longer MMDA chairman.

Meanwhile, vaccination programs and COVID-19 testing are being organized most of the time and the more people get vaccinated, the better for the nation and its economic recovery. It would be great for the Philippines to acquire more Sputnik Light and Sputnik V vaccines as they have proven to be effective in protecting people from the infectious Omicron variant. Very recently, Sputnik Light has been approved for use in India and that is something the national government’s officials should seriously consider for acquiring more vaccines for the entire Philippines.

Let me end this piece by asking you readers: What do you think about the DTI’s call for the gradual adjustment into the looser Alert Level 1? Do you think the national government as well as local government units (LGUs) have gotten too far with governing and managing us people? Do you think that the more people get vaccinated, the more our country will overcome this pandemic?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Deadline for payment of business permits and licenses in Las Piñas City extended to March 31, 2022

February 10, 2022February 9, 2022carlocarrasco

If you are running a business in Las Piñas City and you need more time to settle your dues with the City Government, then you should be delighted to know that the deadline for paying business permits, licenses, taxes, fees and charges has been extended all the way to March 31, 2022 as a result of a move done by the City Council with the approval of Mayor Imelda Aguilar, according to a Manila Bulletin news report.

To put things in perspective, posted below is the excerpt from the Manila Bulletin report. Some parts in boldface…

The Las Pinas City Council, headed by Vice-Mayor April Aguilar, has extended the deadline for the payment of business permits, licenses, taxes and other commercial and industrial fees and charges until March 31 without interests, penalties, and surcharges.

Mayor Imelda Aguilar immediately signed the resolution passed and approved by the City Council to give local businesses relief, ease their burden, and help them to recover from the severe effects of the COVID-19 pandemic.

Aguilar endorsed the letter of Wilfredo Gaerlan, chief of the Business Permit and Licensing Office (BPLO), requesting for the extension of the deadline of the payment of business permit and licenses.

The vice-mayor, upon receiving the endorsement of the mayor, convened the City Council to pass a resolution after learning of the decrease in business permit and license renewal due to the recent surge in COVID-19 cases in the National Capital Region (NCR) due to the Omicron variant.

The City Council heeded the call of the Anti-Red Tape Authority (ARTA) for local government units to extend the period of renewal of business permits and payment of real property tax until the end of the first quarter given the surge in COVID-19 cases.

Let me end this piece by asking you readers: If you are managing a business in Las Piñas City, what is your reaction to this recent development? How helpful is the extension for you and your business?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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COVID-19 Crisis: Unvaccinated people are still restricted in Parañaque City under Alert Level 2

February 4, 2022February 3, 2022carlocarrasco

People who remain unvaccinated are still restricted in Parañaque City, according to the news report by the Manila Bulletin. It seems that the recent shift of control of Metro Manila into Alert Level 2 does not matter to the said city.

To put things in perspective, posted below is an excerpt from the report of the Manila Bulletin. Some parts in boldface…

The Paranaque City government will continue to restrict the movement of unvaccinated individuals despite the de-escalation of Metro Manila to Alert Level 2 quarantine status, Mayor Edwin Olivarez said on Wednesday, Feb. 2.

The mayor said unvaccinated individuals must always stay at home unless there is a need to buy essential goods and in need of medical services.

Olivarez said residents ages 18 years old and above are allowed to go out of their residences while the 17-year olds and below are only permitted outside if they are accompanied by fully vaccinated relatives.

(He) said for transportation, the city government allows tricycles to carry three passengers while buses and jeepneys are allowed to operate at 70% capacity.

The mayor said for businesses, the city government advised the establishments to apply for a safety seal so they can be allowed 10% additional operational and venue capacity.

As far as Manila Bulletin’s reporting above goes, things look really blunt in Parañaque City which itself is one of four cities in the National Capital Region (NCR) that have no automatic lifting of restrictions against unvaccinated in relation to the shift to Alert Level 2. This was confirmed by Metropolitan Manila Development Authority (MMDA) chairperson Benhur Abalos himself in a separate news report. Legally speaking, Parañaque’s restrictions on unvaccinated people (for references, click here and here) remain because the approved city ordinance allegedly has no automatic lifting clause (refer to the same GMA news report with Abalos involved).

To put things in perspective, posted below is the excerpt from the GMA Network news report. Some parts in boldface…

In a press conference, Abalos said the ordinances of Parañaque, Pasay, Quezon City, and Pateros have no automatic lifting clause for the restrictions against unvaccinated people.

“Four LGUs don’t have automatic lifting clause but three LGUs will be issuing a new executive order. These are Parañaque, Pasay, and Quezon City,” he said.

“Only Pateros will be left as they will still discuss the issue tomorrow,” he added.

The Metro Manila Council (MMC), composed of the 17 mayors in the region, earlier agreed to restrict the mobility of unvaccinated people in the NCR under the Alert Level 3. These LGUs issued their respective ordinances on the matter.

Let me end this piece by asking you readers: If you are a resident of Parañaque City and you are unvaccinated, do you feel betrayed by your current City Government? Are the local restrictions on unvaccinated persons and businesses affecting you personally and professionally? Do the current restrictions make you think twice about voting in the next local elections? Do you feel like reaching out to anti-vaccine fanatics and SJWs (social justice warriors) from around the country and overseas to come to Parañaque and organize massive protest rallies to compel the City Government to act?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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COVID-19 Crisis: Muntinlupa City Government grants zero-interest loan to 200 “Muntipreneurs” to help them recover amid pandemic

January 31, 2022January 31, 2022carlocarrasco

The City Government of Muntinlupa continues to provide zero-interest loan assistance to micro-entrepreneurs and MSMEs dubbed as “Muntipreneurs” in a bid to revive the stalled local economy due to the COVID-19 pandemic.

Mayor Jaime Fresnedi led a ceremonial turn-over ceremony of the loan assistance amounting to P4,374,000.00 for 200 beneficiaries of Tulong Negosyo’s Batch 132, 133,134, & 135 in Muntinlupa City Hall last January 27.

Muntinlupa Mayor Jaime Fresnedi leads a ceremonial turn-over ceremony of zero-interest loan assistance amounting to P4,374,000.00 for 200 “Muntipreneurs” (Muntinlupa entrepreneurs) last January 27. The local government of Muntinlupa continues to provide zero-interest loan assistance to micro-entrepreneurs and MSMEs in a bid to revive the stalled local economy due to the COVID-19 pandemic. Muntinlupa is the first LGU to introduce the micro-financing program. (source – Muntinlupa PIO)

Of the total, four local entrepreneurs received P150,000 each, seven (7) received P100,000, and five (5) beneficiaries received P75,000. The local exec vows to continue the local financing program and hopes to revive the local economy by supporting grassroot players through various programs.

The City Government of Muntinlupa assists local micro-entrepreneurs through the Joint Resource Financing Program’s (JRFP) Tulong Negosyo (formerly Dagdag Puhunan). Muntinlupa is the first LGU to introduce the micro-financing program.

Tulong Negosyo caters to MSMEs and provides micro-finance assistance ranging from P2,000 up to P150,000 depending on the business capital ceiling and payment record of beneficiaries. The program aims to provide additional capital for business expansion for aspiring and established business owners in Muntinlupa.

Tulong Negosyo program has three categories namely: Simulang Kapital (SIKAP) Pangkabuhayan with loan application amounting to P2,000 – P5,000, Asenso Loan Program amounting to P6,000 – P75,000, and Maunlad Loan Program amounting to P75,000 – P150,000.

Further, a Savings Program has been incorporated in the loan assistance to teach clients about the importance of economizing and serve as protection to the clients and the program. Entrepreneurial education through trainings and other related interventions are also conducted.

Recently, JRFP has launched a Restructuring Program extending payment schedules for beneficiaries in a bid to help them recover from losses due to the pandemic.

Due to the limitations in face-to-face transactions, the Tulong Negosyo has also implemented Online Application services and cashless repayment system through Smart Padala and G-Cash.

To apply, visit Joint Resources Financing Program – JRF Facebook Page or click the following links: New Applications – bit.ly/TulongNegosyoNew, and Renewal – bit.ly/TulongNegosyoRenewal. The Muntinlupa Joint Resources Financing Program is located at 2F Plaza Central, Brgy. Poblacion with contact number 8772-3457.

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The above information was sourced from an official press release. Some parts were changed for this website.

Thank you for reading. If you find this article engaging, please click the like button below and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at HavenorFantasy@twitter.com as well as on Tumblr at https://carlocarrasco.tumblr.com/

Antitrust notification for Robinsons’ full takeover of Ministop not needed according to Philippine Competition Commission (PCC)

January 27, 2022January 26, 2022carlocarrasco

If you have been living here in the Philippines, have you visited any branch of the Ministop chain of convenience stores lately? Did you notice that the term acquisition was more prominent recently in business news as of late mainly due to the Microsoft-Activision-Blizzard deal?

The point here is that another acquisition happening in the Philippines – Robinsons is set for a full takeover of Ministop (which itself is already majority owned by the said corporation) and an antitrust notification is not needed according to the Philippine Competition Commission (PCC). This was reported lately by GMA Network news.

To put things in perspective, posted below is an excerpt from the GMA news report. Some parts in boldface…

The Philippine Competition Commission (PCC) said Tuesday Robinsons Supermarket Corp. does not need to notify the antitrust watchdog of its full takeover of the Ministop franchise in the country as the company already has majority control over the convenience store franchise.

“Based on PCC’s merger rules, the Commission acknowledges that Robinsons’ current majority stake in Ministop already affords them control, and Robinsons is no longer required to notify the proposed acquisition to the antitrust commission,” the antitrust body said in a statement.

On Monday, Robinsons Supermarket —a wholly-owned subsidiary of Robinsons Retail Holdings Inc. (RRHI)— announced it will acquire the 40% share of Ministop Japan in Robinsons Convenience Stores Inc. (RCSI), effectively taking full ownership of the business.

RCSI is the exclusive franchisee of Ministop in the Philippines, with Robinsons Supermarket Corp. holding a 60% stake in the firm. It will continue to operate the stores with the Ministop brand, within a prescribed transition period agreed upon with the Japanese counterpart.

RRHI said the stores will continue to operate as Ministop until they are repurposed and appropriately rebranded, in consideration of its ready-to-eat offerings such as Uncle John’s Fried Chicken and Kariman.

The PCC said it received reports of Ministop Japan’s sale to Lotte, including its sale of its joint venture stake in the Philippines.

Nikkei Asia reported that the Japanese convenience store operator will sell its South Korean and Philippine businesses, after unloading a Chinese subsidiary in Qingdao.

The PCC, however, noted that it will look into Robinsons’ portfolio in the consumer retail sector which includes supermarkets, department stores, and community malls, among others.

“Merger reviews are focused on the effects and changes of market behavior in the hands of new owners or stakeholders,” it said.

“This transaction may result in a change in ownership of a significant portion of equity but it is not likely to have an effect on the economic behavior of the target firm,” it added.

Let me end this piece by asking you readers: What do you think about this business development? If you are a regular customer of Ministop, what do you think will happen once the full takeover by Robinsons happens? Do you think that the quality of the customer service and store facilities will improve? When it comes to convenience store competition here in the Philippines, how do you rate Ministop with the likes of 7-Eleven, FamilyMart and Lawson? Are you personally attached to Ministop’s branch?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Public hearing and investigation on Maynilad will happen soon in Muntinlupa City

January 26, 2022January 26, 2022carlocarrasco

If you are a local resident or if you manage a business within Muntinlupa City, did you experience the recent water supply interruption? Be aware that the City Council of Muntinlupa will soon conduct a public hearing to get answers from water concessionaire Maynilad regarding the water supply interruption that affected many around the city, the Manila Bulletin reported.

To put things in perspective, posted below is an excerpt from the Manila Bulletin news report. Some parts in boldface…

The Muntinlupa City Council will conduct a public hearing to investigate Maynilad on the severe water supply interruption being implemented that has affected thousands of households and businesses in the city.

Maynilad extended the water supply interruption to Feb. 15 instead of Jan. 20 that it earlier announced.

Households in Muntinlupa have experienced up to 18 hours without water service while other areas have no water supply for days.

According to the Muntinlupa City government, councilors are asking that people from Maynilad involved in the operation of water service should be the one to attend and not just any representative who cannot make a decision or explanation about the matter.

Among the topics to be discussed are asking Maynilad to deploy more water tankers to supply to different communities and payment holiday on the days without any water supply.

City Council Majority Floor Leader Raul Corro told Manila Bulletin that they are just awaiting the notice of public hearing from the City Council secretary and chairman of the committee concerned on the date of the public hearing.

Let me end this piece by asking you readers: What do you think about this newest development? What do you think Maynilad would say when it comes to explaining the recent water supply interruption? Was your household or your business negatively affected by the water supply interruption?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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