Banks told to provide more loans to education sector


By Rose de la Cruz


Iligan City Rep.  Frederick Siao urged the Bangko Sentral to encourage private banks to extend more loans to the educational sector, which compared to car loans is a pittance.


Last January, loans extended by the banking sector to the educational institutions reached P32.8 billion while those for motor vehicles was a hefty P262.8 billion, said Siao.


Preliminary figures for February 2018 showed loans to the education sector of P33.75 billion compared to car loans of P266 billion.


He said the lack of finances available to Philippine…

Read more: Banks told to provide more loans to education sector

Deped told to let Landbank handle teachers’ salary loan deductions


By Rose de la Cruz


To ease the burden of deducting the loans obtained by teachers from private lenders in their salaries, the Land Bank of the Philippines is proposed to do this service, being the depository bank of the state.


The proposal was raised by Rep. Salvador Belaro Jr., 1Ang Edukasyon partylist and assistant majority leader, so that the staff of DepEd can do their main function and core competencies.


Tens of thousands of public school teachers are saddled with debt, especially from salary loans of banks and other financial institutions. This is the…

Read more: Deped told to let Landbank handle teachers’ salary loan deductions

Out With Redundant, Unproductive Gov’t Offices

Photo courtesy of SunStar

By Fernan J. Angeles


WHILE Department of Environment and Natural Resources (DENR) is on a rampage against those who are significantly contributing to the destruction of our environment, Malacañang is on a purge for non-functional -- if not totally inutile --  presidential commissions and task forces.

In fact, an environmental task force created during the term of former President Benigno Aquino III was dissolved by his successor after finding out that government funds spent on its creation and operation went to waste. 

Its seven long years of existence didn’t produce results. No outcome on…

Read more: Out With Redundant, Unproductive Gov’t Offices

The pros & cons of communication devices in relationships


By Rose de la Cruz


A lot of couples—married or not—express their love and other sentiments by texting or online messaging. No matter how far apart they are, they feel they are beside each other, especially if they use Skype or other visually-aided communication platform.


However, arguments (and sometimes separation) can also result from one or both persons being overly-devoted to or overusing the devices, even in a face-t-face encounter.


In fact, a study of the Kaspersky Lab showed that 55 percent of couples argue about device overuse.


The latest study of Kaspersky Lab showed…

Read more: The pros & cons of communication devices in relationships

NEDA urges proactive measures against inflationary push


By Rose de la Cruz

The government must continue to be proactive in maintaining price stability and cushioning the impact of higher consumer prices on the poor following the uptick in inflation in March 2018, the National Economic and Development Authority (NEDA) said.


The country’s headline inflation reached 4.3 percent – breaching the government’s full-year inflation target of 2.0 to 4.0 percent. This is higher compared to the rates recorded in the previous month and during the same period last year.


The higher inflation rate was driven by the continuous acceleration of key commodity…

Read more: NEDA urges proactive measures against inflationary push

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Thursday, 24 January 2019
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