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SSS earmarks P7-B for business and social loans
SSS President and Chief Executive Officer Emilio de Quiros, Jr. said the funds are available through the newly-created Business Development Loan Facility (BDLF) and Social Development Loan Facility (SDLF), which consolidate SSS’ business and social loan programs.
"The new SSS lending facilities enable us to offer financial assistance to a wider range of projects and borrowers. Cooperatives, non-government organizations and even Barangay Micro Business Enterprises or ‘BMBEs’ can also borrow," he said.
The BDLF caters to businesses ranging from micro, small and medium enterprises (MSMEs) to large industries. Social institutions offering education and training programs, health care and medical services such as schools and hospitals can borrow under the SDLF.
The P7-billion allotment, which will act as a revolving fund, will be divided as follows: P1 billion for agriculture, fishing and forestry; P2 billion for projects in construction, manufacturing, utilities, mining and quarrying; and P4 billion for the services sector.
De Quiros said SSS will disburse the funds to eligible borrowers through a conduit arrangement with participating financial institutions (PFIs). Borrowers can pay in monthly, quarterly, semi-annual or annual amoritizations of up to 15 years.
"Our enhanced loan guidelines are more flexible and responsive to borrowers’ needs," he said. "For example, we removed various caps on the loanable amount. It will now depend on the project's actual need and the borrower's credit capacity, provided it will not exceed P500 million."
De Quiros said PFIs can advance the disbursement of loan proceeds as long as the borrower completes its application within the prescriptive period, which the SSS extended from 120 days from the date of initial release under its previous guidelines to six months.
"The interest rate will depend on prevailing market rates. Borrowers have a one-time option to switch from a variable interest rate, which is repriced every six months, to a fixed rate that applies for a period of three years," he said.
De Quiros said the agency will conduct a briefing on its new loan guidelines for PFIs and banks at the SSS corporate headquarters in Diliman, Quezon City on March 9, Friday.
Interested parties can call the SSS Housing and Business Loans Department at 920-6401 local 5129 or 5115 or send an email to desilvamt@sss.gov.ph or carandangao@sss.gov.ph.
Nine OFWs win cash prizes in SSS promo
SSS President and Chief Executive Officer Emilio de Quiros, Jr. said the nine winners will each receive P10,000 as cash prize under the Member-Get-Member (MGM) promo, which offers incentives to OFWs who encourage other overseas workers to become active SSS members.
"OFWs can win as 'nominators' through payment of contributions and referral of newly-active overseas workers or 'nominees’ to the SSS. Participating members help fellow OFWs prepare for the future by urging them to be covered members," he said.
The list of winners for January include Teophe Quijano Mendaros (Brunei); Cristina Cananea Quimado and Maria Riza Santander Wabinga (Hong Kong); Mocita Maron Manuel (Riyadh, Saudi Arabia); and Pensees Dawny Rodriguez Figueroa and Gemma Soriano Biong (Abu Dhabi, United Arab Emirates).
London-based OFWs Edgar Serrano Grande, Ma Christina Jagonos Garcia and Ryazan Dalane Sison Duray also won. A total of 45 winning nominators, or nine per month, will be drawn in the remaining monthly raffle draws from February to June.
"Winners will be notified by SSS through registered mail and email, which they will present along with their UMID card or two valid IDs in claiming their prize. They may claim their prize as check or have it credited to their bank account on or before December 1," he said.
Nominees and nominators with posted contributions for January to June 2012 will gain a raffle entry to the MGM Grand Draw on September 7.The grand prize is a vacation package worth P160,000 inclusive of round-trip airfare to Manila plus trip to Boracay for two with four-day hotel accommodation and pocket money.
The SSS will also draw two 2nd prize winners of P30,000 each; three 3rd prize winners of P20,000 each; and ten winners of P10,000 each as consolation prizes. The nominator with the most number of nominees will receive P50,000 and a plaque of appreciation.
OFWs can register for the promo thru the SSS website (www.sss.gov.ph) and at SSS foreign offices until June 30, and at local branches, including SSS’ office at the Philippine Overseas Employment Administration headquarters in Mandaluyong City, until June 29.
The Board of Judges for the MGM raffle draws includes De Quiros; Commissioner Daniel Edralin, who heads the Social Security Commission’s Committee on OFWs; and Antonette Fernandez, SSS Assistant Vice President of the Internal Audit Service Division.
Also part of the Board are Luther Calderon, President of the Kabalikat ng Migranteng Pilipino (KAMPI) which is a non-government organization for OFWs, and Pete Rahon, who is the Luzon and Metro Manila Coordinator of the Pinoy Expats/OFW Blog Awards (PEBA).
SSS ramps up efforts against erring employers
SSS President and Chief Executive Officer Emilio de Quiros, Jr. said nine out of every ten employers the agency charged in 2011 were for non-remittance of contributions amounting to P460.52 million, including penalties of over P217 million.
"SSS also collected more than P360 million in overdue contributions last year from delinquent employers through legal action. We will continue to step up our filing of cases this year to send a strong message to employers that they must obey the law," De Quiros said.
Among those charged last year were 115 employers that failed to register workers for SSS coverage and refused to show company records to SSS account officers, who are tasked to check their compliance with the Social Security Act of 1997.
Employers face stiff fines and imprisonment of six to 12 years for violations of the SSS charter. The law requires employers to report new workers for SSS coverage with 30 days from start of employment and provides a three percent monthly penalty for overdue premiums.
De Quiros said SSS is poised to intensify its drive against companies with unremitted loan amortizations of employees with the upcoming Loan Penalty Condonation Program for Individual Members, which will open for availment on April 2.
Under the condonation program, members whose amortizations were deducted from their monthly salaries but were not remitted by their employers to SSS will have 100 percent of their loan penalties waived, he said.
"Members applying for condonation will execute an affidavit to certify their employers’ failure to remit the deducted loan payments. SSS will then go after these employers, who face possible criminal charges for estafa or swindling under the Revised Penal Code," he said.
Other borrowers with unpaid short-term loans can also apply for the program, which will condone fifty to 100 percent of penalties depending on the mode of payment and type of delinquent member. SSS charges a monthly penalty of one percent on overdue loans.
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DENR, PAMB, LGU and AVLADA push Lake Sebu as Ecotourism Site
SSS Announcement
DENR, LGU-Maitum team up to boost ecotourism By; MARIZ REVALES
The meeting focused on the development of ecotourism in Maitum pursuant to Executive Order No.111 entitled “Establishing the Guidelines for Ecotourism Development in the Philippines”. It was held on March 16, 2012 in the Municipal Hall of Maitum and coincided with the practicum of the cave assessment seminar-workshop, thus affording the DENR and LGU officials an opportune time to discuss initiatives on Maitum’s ecotourism.
Maitum Mayor Elsie Lucille R. Perett welcomed the move of the DENR towards the development and promotion of sustainable tourism in the region. ”It hurts to see the degradation of environment which is common almost everywhere. I want to spare our municipality from total destruction of forest cover and vegetation,” Mayor Perett emphasized.
DENR XII Protected Areas and Wildlife Division Chief Ali M. Hadjinasser disclosed in the meeting that all plans, programs or projects on ecotourism activities proposed by the municipality should pass through the Regional Ecotourism Council (REC) for review, assessment and sanctions.
The Department of Tourism (DOT) and the DENR take turns every three years in leading the REC. This year the DENR takes the helm of the REC with Regional Executive Director Alfredo S. Pascual as Chair and adviser on matters related to the administration and technical aspects of Ecotourism Areas. The DOT Regional Director acts as Co-Chair of REC, Hadjinasser announced.
Maitum Sangguniang Bayan (SB) Member and Committee on Culture, Arts and Tourism Chair Jess C. Bascuña presented the Municipality’s Ecotourism Master Plan. “We are happy that the DENR is willing to extend assistance to facilitate the implementation of our ecotourism program,” SB Bascuña opined.
DENR Regional Focal Person on Ecotourism Engr.Rosalinda Cortez discussed some strategies for successful ecotourism development.There should be a balance among ecological sustainability, economic viability and social equitability. Engr. Cortez also said that community participation is vital and regarded as a capital in ecotourism. “Let us prioritize activities that preserve the nature and originality of the area,” Cortez added.
Ecotourism has been defined as a form of sustainable tourism in a natural or cultural heritage area where community participation, protection and management of natural resources, culture and indigenous knowledge and practices, environmental education and ethics, as well as economic benefits are fostered and pursued for the enrichment of host communities and the satisfaction of visitors.
The DENR with the leadership of Secretary Ramon J.P. Paje has been tasked to ensure ecotourism development while maintaining a healthy environment and sustainable use of the country’s natural resources for the present and future generations. (CGValdez/MCalungsod-Locsin/DENR XII )
# # #
Approved for release:
(Signed)
ALFREDO S. PASCUAL, CESO III
Regional Executive Director
Captions:
Picture 1: Hon. Mayor Elsie Lucille R. Perett of Maitum (inset) cites the ecotourism efforts of the DENR XII as a welcom move towards the development and promotion of sustainable tourism in the region, especially in her municipality during a meeting with DENR officials on March 16, 2012 at the Municipal Hall of Maitum.
Picture 2: Inset picture of Hon. Mayor Elsie Lucille R. Perett of Maitum.
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