Business tycoon Ramon S. Ang calls Olympic gold medalist Hidilyn Diaz the trailblazer of the Philippines

As Olympic gold medalist Hidilyn Diaz received the promised P10 million reward from business tycoon Ramon S. Ang, she was referred to as the nation’s trailblazer in relation to the pioneering achievement she made for the Philippines during the delayed 2020 Tokyo Olympic Games.

Business tycoon Ramon S. Ang with Olympic gold medalist Hidilyn Diaz. (photo from Ramon S. Ang Facebook page)

To put things in perspective, posted below is an excerpt from the Philippine News Agency (PNA) article. Some parts in boldface…

San Miguel Corp. president Ramon Ang sees Hidilyn Diaz as a game-changer after she ended the Philippines’ 97-year hunt for its first Olympic gold in Tokyo.

Hidilyn is the country’s trailblazer in our successful Olympic gold medal quest. After years of heartbreaks, she came through for us and we are very thankful as a nation,” Ang said on Tuesday.

Diaz, together with fiancé and coach Julius Naranja, personally received the PHP10 million reward Ang pledged for anyone who would capture the then elusive gold.

Diaz won the women’s 55-kg. weightlifting event at the Tokyo Olympics on July 26, making the Philippines a part of the Olympic gold medal countries’ list.

It also served as the biggest good news the Filipinos have ever received amid the coronavirus disease 2019 pandemic.

Her victory comes at a very crucial point in our country’s history when we are grappling with a pandemic and a lot of Filipinos are looking for hope as we fight this virus and cope with the difficulties it has brought,” Ang said.

Upon meeting at the SMC office in Pasig City, however, he gave Diaz a surprise gift.

Ang rewarded Diaz with two Magnolia Chick ‘N Juicy franchises that she could put up at her new condominium in Quezon City and at her hometown in Zamboanga City.

“With the franchise outlets, we will assist Hidilyn every step of the way in her journey as an entrepreneur so that she can also help other people in need of jobs. In addition to the physical stores, equipment, and training, we will also provide the initial stocks for free to get her started,” he added.

The generosity of Ramon S. Ang is truly amazing and genuine. Not only was the promised cash reward released to Hidilyn Diaz, he gifted her with commercial franchises which can add to our nation’s economy by creating opportunities for the unemployed to bounce back from poverty while providing choices to consumers looking for good products. I really like this because I truly believe that capitalism the way to prosperity and the most effective way to lift people up from poverty. Capitalism does socio-economic wonders while socialism only drags people down and ruins societies. As it is a fact that cash rewards/incentives from both the government and private sector cannot last forever as the cost of living only keeps going up, having a business that succeeds will keep prevent people from falling into poverty. To see Hidilyn Diaz gifted with business franchises is great!

For those who are not aware, Chick ‘N Juicy is a chicken rotisseries retail business that has many branches and it is being expanded. Chick ‘N Juicy sells chicken supplied by sister company Magnolia. Customers can order from them online with products like sweet roast chicken, garlic roast chicken, fried chicken drumsticks, chicken rice meals and more at https://www.chicknjuicyofficial.com/

Let me end this piece by asking you readers: Are you happy about our nation’s Olympic gold medalist getting rewarded and gifted by tycoon Ramon S. Ang?

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 as well. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me at HavenorFantasy@twitter.com

COVID-19 Crisis: Foreign direct investments spiked in April 2021 in connection to CREATE Law, economic reopening and other factors

It’s been months since the last time I wrote about the Corporate Recovery and Tax Incentives for Enterprises act otherwise referred to as the CREATE Law. For the newcomers reading this, the CREATE Law was designed to cut down corporate income tax which should lead to the creation of new jobs and the attraction of investment in mind. The said law is really crucial in this COVID-19 crisis we are all still living with.

Recently, the Philippine News Agency (PNA) published an article stating that a huge rise of foreign direct investments (FDIs) in the country was realized this past April and the CREATE Law was one of the factors behind it.

To put things in perspective, posted below is an excerpt from the PNA article. Some parts in boldface…

An economist has attributed the rise of foreign direct investments (FDIs) in the country in April 2021 to the implementation of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law and the opening of the economy.

The Bangko Sentral ng Pilipinas (BSP) on Monday reported the 114.4-percent year-on-year jump of net FDI inflows to USD679 million last April from USD317 million in the same period last year.

In a report, Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort said lower interest rates and lower cost of some inputs like real estate property and leases are plus factors that enticed higher FDIs.

Some foreign investors may have started to come in view of the progress made on the CREATE law, which was finally signed on March 26, 2021 and reduces corporate income tax rates to 25 percent for large corporations (from 30 percent) retroactive July 1, 2020, thereby narrowing the gap with the tax rates in other Asean/Asian countries, and also provides greater certainty on investment incentives, thereby helping attract more FDIs and making some foreign investors on the sidelines in recent months/years to become more decisive and finally bring in more FDIs into the country,” he said.

Ricafort said positive credit rating actions on the Philippines, which even got its first-ever A-level credit rating, A-, from the Japan Credit Rating Agency (JCR) in June 2020, also boosted investors’ sentiment on the domestic economy.

The positive credit rating actions, he said, “reflect improved international investor confidence in the country, manifesting the country’s improved economic fundamentals, as well as the country’s attractive demographics.”

These factors are, however, expected to be countered by the still high number of coronavirus disease 2019 (Covid-19) cases, aggravated by new variants that are reported to be more contagious.

Ricafort believes that higher government spending, especially on infrastructure, and the accommodative monetary policy by the Bangko Sentral ng Pilipinas (BSP) are seen to further support the rise in net FDIs.

The above article is indeed filled with good news that our nation badly needs, especially since there are still many millions more people around the country who have yet to get vaccinated and the fact that lots of businesses are still struggling. In recent times, patients under the A4 category have been gradually vaccinated for COVID-19 and that is a very good thing because it under that very category where the nation’s laborers are listed. There are still lots of unemployed workers out there who badly need vaccines and jobs, and it does not help that certain local government units (LGUs) had to temporarily suspend their local vaccination operations due to a lack of supply of vaccines. There are supposed to be around 13 million doses of vaccines to come into the Philippines this month, and so far some of that have arrived (click here, here and here).

More on economics, apart from the rise of FDIs last April, it was reported that the local demand for office space nationwide grew by 38% rising from 122,000 square meters (sqm) in the first quarter of 2021 to 169,00 sqm. in the second quarter. It was described to be the strongest office demand since the start of the pandemic.

Let me end this piece by asking you readers: Does the recent news about the sharp rise of FDIs in our country make you confident about your economic prospects? How much do you know about the CREATE Law and what further positive effects it can generate for the country? If you have been unemployed, how long have you been out of work?

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 as well. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me at HavenorFantasy@twitter.com

DTI-NCR provides carinderia kits to 75 “Muntipreneurs,” Mayor Fresnedi receives Resilience award

The Department of Trade and Industry – National Capital Region Office has turned over Carinderia Kits to food retailers and other micro-entrepreneurs in Muntinlupa, dubbed as “Muntipreneurs,” in a bid to help them recover and improve their businesses amid the pandemic.

DTI-NCRO Regional Director Marcelina Alcantara, Mayor Jaime Fresnedi, and Congressman Ruffy Biazon led the Awarding Ceremony of Carinderia Kits worth P8,000 each to seventyfive beneficiaries of the Livelihood Seeding Program – Negosyo Serbisyo sa Barangay (LSP-NSB) at Muntinlupa Sports Complex, Brgy. Tunasan last July 7.

City Government officials led by Mayor Jaime Fresnedi and the 75 Muntipreneurs. (source – Muntinlupa PIO)

The LSP-NSB is a program of DTI that allows a wider reach of business development assistance by bringing government services closer to the people through partnerships between relevant local government units and DTI officials.

The program aims to provide individual package of livelihood kits that contains items that could aid in the recovery of affected individuals during catastrophic events including health disasters like epidemics and pandemics.

Other services offered by the LSP-NSB include business registration assistance, SME counseling, product development, financing facilitation, market/business matching, trade promotion, investment promotion, business information and advocacy, trainings, seminars, and workshops, among others. LSP-NSB beneficiaries will undergo monitoring and evaluation to ensure the growth of their businesses.

Other officials attending the program include LSP-NSB National Program Manager Asec. Dominic Tolentino, Muntinlupa Local Economic and Investment Promotions Department chief Gary Llamas, and City Administrator Allan Cachuela.

Mayor Jaime Fresnedi extended his thanks to DTI-NCR for providing assistance to local entrepreneurs. He hoped that programs for micro-entrepreneurs in the city will help revive the stalled local economy due to the COVID-19 pandemic. During the program, DTI-NCRO officials also conferred the Certificate of Recognition for being Rank 1 in the Resilience category (HUCs) of the recent Cities and Municipalities Competitiveness Index to Mayor Fresnedi.

Mayor Jaime Fresnedi (3rd from right) receives the Resilience Award from DTI-NCRO. Also present was Congressman Ruffy Biazon and other local officials. (source – Muntinlupa PIO)

For inquiries and other information, interested micro entrepreneurs may contact the local Negosyo Center at Plaza Central, Brgy. Poblacion at 0917 5120269 and look for Ms. Bea Trozado.

In a similar program, the City Government of Muntinlupa also provides financing assistance to micro-entrepreneurs and MSMEs through Tulong Negosyo Program’s zero-interest loans (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.

For more information, visit the Joint Resources Financing Program – JRF Facebook Page or visit them at 2F Plaza Central, Brgy. Poblacion with contact numbers 8772-3457and (0921) 888 6124.

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The above information was sourced from the official press release of the Muntinlupa PIO. 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 as well. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me at HavenorFantasy@twitter.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

500 LGUs reminded to automate biz one-stop shop this year

Are you a business owner who recently struggled with the processes at your local government unit (LGU) because their electronic Business One-Stop Shop (e-BOSS) did not function properly and proved to be inefficient? Perhaps they did not have an e-BOSS?

Here are some good news – a Joint Memorandum Circular (JMC) was approved yesterday designed to ensure that the e-BOSS systems of LGUs get automated this year.

To put things in perspective, e-BOSS uses the Electronic Business Permitting and Licensing System or eBPLS developed by the Department of Information and Communications Technology allowing the public to perform government transactions online. e-BOSS targets to fully automate transactions in LGUs from downloading of forms, using e-signature, up to online payment.

By comparison, the old system BOSS is defined as a single-window system that streamlines application forms and submission of documents in government offices in one window only.

Going back to the news related to the JCM, below is an excerpt from the news release published through Philippine News Agency (PNA). Some parts are in bold to highlight importance of details.

Anti-Red Tape Authority (ARTA) director general Jeremiah Belgica targets to have at least 500 local government units (LGUs) rolling out the electronic Business One-Stop Shop (e-BOSS) by end-2021.

During the virtual signing ceremony of the Joint Memorandum Circular (JMC) 01-2021 Tuesday, ARTA reminded LGUs that they should have automated their BOSS before June 17 this year.

The JMC establishes the guidelines for processing business permits, related clearances, and licenses in all cities and municipalities.

“Hopefully by the end of the year, we will have 500 LGUs already automated by DICT’s (Department of Information and Communications Technology) IBPLS (Integrated Business Permits and Licensing System) software,” Belgica said.

DICT project manager for IBPLS Del Basada said the department has signed memoranda of agreement with 446 LGUs, of which more than 200 LGUs are already in the operational stage of the system.

“(We are) just making sure that everyone’s (is) onboard for IBPLS which is an online system. We look at their readiness first if they can adopt the system,” Basada said, adding the DICT is assisting LGUs in addressing challenges to do online transactions.

Meanwhile, Belgica said while the IBPLS software works well even with smaller LGUs, he urged highly urbanized cities to fast-track adopting the integrated system so they can go online for their BOSS before the June 17 deadline.

“We are encouraging the highly urbanized cities to actually automate the soonest because they have the most number of businesses,” he added.

Under the newly signed JMC, the e-BOSS should have the following functions: accepting electronic submission of application; electronic issuance of tax bill or order of payment; accepting online payment, releasing of electronic version of permits, licenses, and clearances; and providing gateway facility linked to courier service where applicant prefers hard copy of the documents.

The JMC also limits the documentary requirements and will implement a unified application form with a unique identification number.

ARTA reminds LGUs that they should not require notarization of the requirements.

It added barangay clearances related to business permit applications shall be integrated and processed by the Business Processing and Licensing Office. Number of signatories in the documents shall be limited to three.

So there you have it! An official document made it final that local government units should have the e-BOSS automated and functioning with the expected efficiency, transparency and results fulfilled. Given the fact that we are all still living under the pandemic of the China Virus (COVID-19), this latest development is indeed crucial and improvements on the part of LGUs should happen this year.

If you are a business owner who struggled with the processes at your local government and you wish to speak out, please post in the comments below. You can also send to me a private message.

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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 as well. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me at HavenorFantasy@twitter.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

Youth entrepreneurs in Muntinlupa receive stimulus assistance, earn recognition from City Council

Yesterday the City Government of Muntinlupa awarded stimulus assistance to displaced youth workers in the city who have started their own businesses in a bid to recover from unemployment and other challenges brought about by the COVID-19 pandemic.

Mayor Jaime Fresnedi led the turn-over of financial assistance to 34 youth entrepreneurs under the first of batch of NegosYouth: Stimulus Recovery Assistance Program of the Youth Affairs and Sports Development Office.

Fresnedi says the resilience of the city’s youth entrepreneurs to innovate amid challenging times is worthy of emulation. The local exec hopes that their stories will also inspire other young people in the city to also start their own businesses.

Under the stimulus program, the City Government provides P5,000 in financial assistance to out-of-work youth, students, and out-of-school youth who have started their own businesses during the community quarantine. The beneficiaries will also receive entrepreneurship trainings on financial literacy, leadership, and among others.

Following an assessment, the beneficiaries will be endorsed to the Joint Resource Financing Program to receive zero-interest loan assistance of up to P150,000 for the expansion of their businesses.

The first batch of the stimulus assistance for the youth is composed of members of Muntinlupa Locals, a street wear movement which empowers and bolster the spirit of entrepreneurship among the youth of the city.

Muntinlupa Mayor Jaime Fresnedi (2nd from left) and Youth Affairs and Sports Development Officer Cynthia Viacrusis lead the turn-over ceremony of financial assistance to 34 displaced youth workers turned entrepreneurs under the first of batch of NegosYouth: Stimulus Recovery Assistance Program last March 8. 34 youth entrepreneurs from Muntinlupa Locals, a Muntinlupa-based street wear movement, were the first recipients of the stimulus assistance. Recently, the Muntinlupa City Council passed Resolution No. 2020-406 recognizing the achievement of Muntinlupa Locals in honing the business skills of the local youth and stirring employment among the residents of Muntinlupa. (source – Muntinlupa PIO)

Muntinlupa Locals was founded in June 2020 by Patrick H. Aquino, a resident of Barangay Alabang and proprietor of Ayong Graphics. The youth group supports at least 70 Muntinlupa-based brands and envisions the Muntinlupa youth to be self-reliant by encouraging and bolstering their entrepreneurial skills through patronage and sale of Muntinlupa made, designed and manufactured clothing line.

Recently, the Muntinlupa City Council passed Resolution No. 2020-406 recognizing the achievement of Muntinlupa Locals in honing the business skills of the local youth and stirring employment among the residents of Muntinlupa.

For interested individuals, coordinate with Muntinlupa City Youth Affairs and Sports Development Office located at Muntinlupa Sports Center, Brgy. Tunasan with tel. no. 8862-8428.

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The above information was provided by the City Government of Muntinlupa for the purpose of public information and transparency. Some parts were edited for this website.

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 at Work – January 28, 2021

The City Government of Muntinlupa continues to serve its constituents by executing varied forms of public service. To catch up with what they’ve been doing lately, here is a quick look at the recent developments in the city.

Yesterday, Muntinlupa City Mayor Jaime Fresnedi turned over the City Government’s loan assistance amounting to P938,000.00 to Tulong Negosyo Batch 122 beneficiaries at City Hall. Among the beneficiaries were two local entrepreneurs who received P100,000 each while one member received P75,000. The mayor hopes to revive the local economy by supporting grassroot players through various programs.

A total of P938,000 worth of loans was released by the City Government of Muntinlupa under the leadership of Mayor Jaime Fresnedi. (source – Muntinlupa PIO)
Mayor Fresnedi checks on a local entrepreneur. (source – Muntinlupa PIO)

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The above information was provided by the City Government of Muntinlupa for the purpose of public information and transparency. Some parts were edited for this website.

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

Business Permit Renewal processing in Muntinlupa City to last until January 29, 2021

The annual Business Permits Renewal process in Muntinlupa City commenced in a bigger venue with strict health measures in place to comply with IATF safety protocols.

Mayor Jaime Fresnedi assures business locators in the city that health protocols are strictly observed in the 2021 Muntinlupa Business Permit Renewal Hub located at the Center Court of Muntinlupa Sports Center, Brgy. Tunasan.

Fresnedi inspected the venue with Local Economic Investment Promotions Officer Gary Llamas, City Administrator and Business Permits Licensing Officer Allan Cachuela, and other local officials during the opening of the renewal event last January 4.

Strict health standards and distancing protocols are implemented which include sterilization and disinfection of submitted documents using UV box, body temperature check, installation of alcohol sprays, and monitoring of ‘sneeze guards.’.

The public is advised to wear face mask with face shield and bring their own ballpen for their safety and convenience.

Business taxpayers are also instructed to download the StaySafe app on their mobile device to scan the QR Code at the entrance of the Renewal Hub for contact tracing purposes. The City Government partnered with Staysafe.PH through City Ordinance No. 2020-181 to implement a “No QR Code, No Entry Policy” in all establishments for mandatory contact tracing starting January 2021.

Further, senior citizens will not be allowed entry into the Renewal Hub, unless they are business owners renewing their permits in compliance with IATF guidelines. A One-Stop Shop arrangement in the Business Permit Renewal Hub has been installed in the venue for the convenience of taxpayers.

Business taxpayers can pay using Debit Cards in the Renewal Hub. Mobile ATMs and a Closed-Circuit Television System are also installed across the venue. Free shuttle service is provided for clients going to the venue with pick-up points located at Muntinlupa City Hall Quadrangle in Putatan.

The 2021 Business Permit Renewal will run from January 2 to 29, 2021 and BPLO Muntinlupa will serve clients from Mondays to Fridays, 8:00 AM to 5:00 PM. Currently, there are 15,144 registered business in the city. Earlier, BPLO Muntinlupa also encouraged business taxpayers to renew their business permits online through the Business E-payment SysTem (BEST).

Muntinlupa BEST is an online platform that will allow locators in Muntinlupa City to accomplish business permit applications and transactions through any internet-enabled device.

Top Ten “Early Bird” Taxpayers in the 2021 Muntinlupa Business Permit Renewal receive cerficates of recognition and grocery packages from the City Government. Mayor Jaime Fresnedi (5th from left) and City Administrator Engr. Allan Cachuela (left) greeted early taxpayers and extended his gratitude to the business owners for renewing their businesses in the city last January 4. The business renewal event will run until January 29 at Muntinlupa Sports Complex, Tunasan. (source – Muntinlupa PIO)

Taxpayers can access the online platform via www.muntinlupacity.gov.ph and accomplish transactions including application for New Business Permit, Renewal of Business Permit, Application Status Inquiry, Billing and Payment, and Payment History.

Mayor Fresnedi thanked the business owners for their punctuality in paying their dues and renewing their businesses in the city despite challenges brought about by the pandemic. The local exec also encouraged other locators to skip “rush days” of registration nearing the deadline.

He vowed to assist local entrepreneurs in the city through various social and economic programs and services for their recovery.

The list of requirements is posted in the city’s website www.muntinlupacity.gov.ph. For inquiries, you may call BPLO Muntinlupa at 8317-9964 or email at bplo.muntinlupa@yahoo.com.

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The above information was provided by the City Government of Muntinlupa for the purpose of public information and transparency. Some parts were edited for this website.

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 at Work (December 8, 2020)

26 GRAB RIDERS RECEIVE STIMULUS PACKAGE FROM MUNTI LGU: The City Government of Muntinlupa rolled out the distribution of stimulus packages for Batch 3 and 4 ‘Deliver to Recover’ program beneficiaries. Congressman Ruffy Biazon (center) and Mayor Jaime Fresnedi (right) led the turn-over ceremony of stimulus packages to 26 beneficiaries last December 7 at Muntinlupa City Hall. The local government is assisting displaced workers and public transportation drivers in the city that were affected by the COVID-19 pandemic with their Grab application. A stimulus package amounting to P7,500 which include Grab uniforms, food insulated box, P2,500 worth of e-wallet credit, and P2,500 cash assistance as initial cash revolving fund are also given to qualified applicants. The City Government entered a partnership with Grab Philippines for the registration of 500 city residents. The application process is still ongoing through PESO Muntinlupa Facebook Page or via http://bit.ly/MuntiGrab. (source – Muntinlupa PIO)
ZERO-INTEREST LOAN FOR MICRO ENTREPS IN MUNTINLUPA: Mayor Jaime Fresnedi (center) turns over P1.4 million zero-interest loan assistance to Tulong Negosyo Batch 118 representatives, dubbed as “Muntipreneurs,” last December 2 in a bid to help local businesses recover from the economic disruption brought about by the COVID-19 pandemic. 57 micro entrepreneurs were provided with the loan assistance this month. Tulong Negosyo caters to MSMEs and provides micro finance assistance which ranges from P2,000 up to P150,000 depending on the business capital ceiling and payment record of beneficiaries. Muntinlupa City is the first LGU to introduce the micro-financing program. Fresnedi vows to continue the program and assist Muntipreneurs especially in the time of the COVID-19 pandemic. (source – Muntinlupa PIO)

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Latest City Government of Muntinlupa details sourced from their official media releases. Some parts were edited for this website.

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 distorted views, NO to reckless publishers, and NO to sinister propaganda when it comes to news and developments. For South Metro Manila-related community developments, engagements, commerce and other relevant updates, visit and join the growing South Metro Manila FB group at https://www.facebook.com/groups/342183059992673

COVID-19 Crisis: Muntinlupa City releases zero-interest loan to micro entrepreneurs

The official photo release. (source – Muntinlupa PIO)

Muntinlupa City Mayor Jaime Fresnedi turned over the P1.3 million zero-interest loan assistance to Tulong Negosyo Batch 117 representatives, dubbed as “Muntipreneurs,” last October 6 in a bid to help local businesses recover from the economic disruption brought about by the COVID-19 pandemic.

70 micro entrepreneurs were provided with the loan assistance this month. Tulong Negosyo caters to MSMEs and provides micro finance assistance which ranges from P2,000 up to P150,000 depending on the business capital ceiling and payment record of beneficiaries. Muntinlupa City is the first LGU to introduce the micro-financing program. Fresnedi vows to continue the program and assist Muntipreneurs especially in the time of the COVID-19 pandemic.

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Latest City Government of Muntinlupa details sourced from their official media release. Some parts were edited for this website.

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake newsNO to irresponsible journalism, NO to misinformation, NO to plagiaristsNOT to distorted views and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, engagements, commerce and updates, visit https://www.facebook.com/groups/342183059992673

COVID-19 Crisis: Muntinlupa City Government grants zero-interest loan to 112 “Muntipreneurs” to help them recover amid pandemic

In a bid to assist local businesses and revive the stalled local economy brought about by the COVID-19 pandemic, the City Government of Muntinlupa has provided zero-interest loan to MSMEs and micro-entrepreneurs dubbed as “Muntipreneurs.”

Specifically the City Government assisted at least 112 micro-entrepreneurs through its Tulong Negosyo Program (formerly Dagdag Puhunan) and has distributed P2,762,000 cash assistance from March to September 2020. Muntinlupa City is the first LGU to introduce the micro-financing program.

Tulong Negosyo caters to MSMEs and provides micro finance assistance which ranges 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.

On September 23, Mayor Jaime Fresnedi led a turn-over ceremony of loan assistance amounting to P990,000.00 to 28 Tulong Negosyo Batch 116 beneficiaries in Muntinlupa City Hall. Among the beneficiaries, three local entrepreneurs received P100,000 each while one member received P150,000.

Fresnedi vows to continue the program and assist Muntipreneurs especially in the time of the COVID-19 pandemic. The mayor hopes to revive the local economy by support grassroot players through various programs.

Recently, the loan repayment period was extended by three months for clients with existing loans from March to June 2020 in a bid to help them recover from losses due to the pandemic.

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.

Due to the ongoing health crisis, the Tulong Negosyo has 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 numbers 8772-3457and (0921) 888 6124.

Muntinlupa City is hailed the country’s Most Business-Friendly LGU in 2017-2018 by the Philippine Chamber of Commerce and Industry.

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Latest City Government of Muntinlupa details sourced from their official media release. Some parts were edited for this website.

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