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Bacolod City, PhilippinesMonday, June 10, 2013
GOCC remittances earmarked for infrastructure projects, rehab

The P27.89-billion remitted by the 38 Government-Owned and–Controlled Corporations to the national government will be used for infrastructure projects, as well as the rehabilitation of areas devastated by typhoons in recent years, Deputy Presidential Spokesperson Abigail Valte said yesterday.

Aside from infrastructure projects, the P 27.89-billion funds representing the dividend contributions and other forms of remittances from 38 GOCCs will be used for the government’s various social programs such as providing education, healthcare, food and livelihood for the Filipinos, especially the vulnerable sector.

The GOCCs turned over the dividends and other forms of remittances to the national coffers out of their operations in 2012.

TLDC posts P24K
profit on products

The Technology and Livelihood Development Center of Negros Occidental earned P24,175.80 from its consigned products in April, a TLDC income report showed yesterday.

Menzi Joy Rojo, food sector in-charge, said 10 percent of the amount, or P2,417.58, goes to the province as provided in its tax code, while the rest is given to assisted food producers.

She said TLDC has been assisting local food producers to help them market, promote, and display their products to different buyers and clients and provide trainings and seminars on packaging, labeling, and product improvement.

DSWD 4Ps recipients
prepped for biz, jobs

The Department of Social Welfare and Development-6 is preparing beneficiaries of the Pantawid Pamilyang Pilipino Program for possible livelihood opportunities and employment, a press release from DSWD said.

In a Beneficiaries Congress, 130 parent leaders from the 6,000 beneficiaries of Cadiz City met on the programs on livelihood and employment by DOLE, Public Employment Services Office, DSWDs Sustainable Livelihood Unit, City Social Welfare and Development Office and Department of Agriculture.

Cash grants for Pantawid Pamilya will not be forever and this activity aims to inform them of programs for livelihood and employment so that when they are not beneficiaries anymore, they either have livelihood or have been accessed for employment, Alma Jornadal-Estember of DSWD Regional Project Management Office said in the press release.

Business
ButtonGOCC remittances earmarked for infrastructure projects, rehab
ButtonTLDC posts P24K profit on products
ButtonDSWD 4Ps recipients prepped for biz, jobs

ButtonForeign reserves dip by P300 million: BSP
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