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| 13 JULY 2007 | . | |
| DBP continues to lend support to SMEs nationwide |
The Pampanga-based Mekeni Food Corporation, producer of Pinoy favorites "tocino" and hotdogs, and the Red Dragon Farm, one of the biggest chicken growers/suppliers in Central Luzon, have valid reasons to be grateful to the Development Bank of the Philippines (DBP) for its lending assistance that has helped in their expansion and enjoyment of bigger profits and market share at present. Prudencio S. Garcia, president of Mekeni Food Corporation, and Robert H. Lo, owner of Red Dragon Farm, narrated to Presidential Management Staff Director General and oversight official for micro, small and medium enterprise (MSME) development, Secretary Cerge Remonde, over a national television program recently how the DBP, the countrys most progressive development banking institution, helped lift their former small enterprises to their better place now in the business community. According to Garcia, like many other businesses, Mekeni has had its own share of ups and downs. Established by his parents in 1986 in Porac, Pampanga out of their retirement packages, Mekeni was affected when Mt. Pinatubo erupted in 1991. He and his two other brothers, who were then based abroad, had to return to the Philippines for good. Raised as loving children, they helped in their family business while, at the same time, assisting their other "cabalens" rebuild their lives after the eruption. But bad fate struck the second time with the emergence of the foot-and-mouth disease, which was a big blow for Mekeni. Nevertheless, the Garcias did not lose heart. They fought and survived together with their business. Through a P100-million assistance from DBP, the Garcias expanded their Mekeni business by building new facilities and purchasing additional equipment. They are grateful to the DBP for believing in their business proposal despite the devastation brought about by the volcanic eruption. For three consecutive years from 2004 to 2006 Mekeni has been the recipient of the Best AAA Meat Establishment Award in the National Meat Processing Plant AAA Category. In 2006, it got the ISO Certification for Food Safety Management for Hotdog Processing Requirements from a Germany-based technical monitoring association the first in the Philippines, first in Asia, and second in the world. The Garcias revolutionized the familys business by changing the sound of Mekeni, which in Kapampangan means "Come here," to "May K Ini," which stands for passion for excellence and quality. Starting with 40 employees, Mekeni has more than 700 workers at present and is now a buzz word in every home and community patronizing "tocino" and hotdog. Red Dragon Farm owner Robert H. Lo, meanwhile, is thankful to DBP for its trust in his business. His poultry/chicken growing business started in 1989, but it met a lot of problems along the way, among them the rampant smuggling of chicken. He ventured into the piggery business but it did not expand due to high cost of inputs. Besides, assistance then was very limited for agricultural ventures. After receiving several denials from other commercial banks, Lo was granted by the DBP financial assistance worth P70 million for a two-phase project. He bought a new technology called the Cool Cell System, which helps control the temperature of animals in the production area, and results to better conversion and lesser production cost. A graduate of Veterinary Medicine from the University of the Philippines, Lo knew he could make it through the support of financing agencies like DBP. Today, Red Dragon Farm has 35 meat shops, with daily production of about 80 to 100 pigs and 7,000 chickens. "Whatever your passion, go for it," advised Lo, to which Remonde added during the TV program: "Pursue what you want to do most, come up with the best ideas and you will earn from it and succeed. If one loves what he is doing, its not work." Through the TV show the PMS Forum, the DBP assured its continuing support to small and medium enterprises through its retail and wholesale lending programs Cresenciana R. Bundoc, senior vice president and assistant sector head of DBPs branch banking sector, said DBPs branches nationwide with five Super Region Management Offices and its 16 Regional Marketing Centers, are ready to assist the SME sector. At present, DBP has P35 billion in capitalization and 80 percent of its borrowers are into SMEs. For those who want to avail of MSME loans, they can approach the DBPs Regional Marketing Centers located all over the country where they can find the complete list of accredited microfinance institutions in particular areas. |
| Statement of Secretary Ignacio R. Bunye Re: Ferry Sinking |
The President instructed the Department of Transportation and Communications (DOTC) and the Philippine Coast Guard to look into the circumstances surrounding the sinking of a private ferry bound for Masbate. She ordered the DOTC to issue a stern reminder to all sea vessels to heed weather forecasts and assure passenger safety and welfare at all times. The President expressed her deepest sympathies to the families of those who died when the inter-island vessel sank. |
| President Gloria Macapagal-Arroyo's Statement at the Central Philippines Infra Conference, New Silay Airport, Silay City, Negros Occidental, July 13, 2007 |
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| PGMA orders thorough probe on sinking of M/V Blue Water |
President Gloria Macapagal-Arroyo has ordered the Department of Transportation and Communications (DOTC) and the Philippine Coast Guard (PCG) to conduct a thorough investigation on the sinking of a ferryboat bound for Masbate on Thursday, Press Secretary Ignacio R. Bunye said today. In a statement, Bunye, who is also the Presidential Spokesperson, said the President likewise directed the DOTC to issue strict warnings to all sea vessels to assure the safety of passengers and prevent the occurrence of similar incidents. "She ordered the DOTC to issue a stern reminder to all sea vessels to heed weather forecasts and assure passenger safety and welfare at all times," Bunye said. Reports said at least 12 people died when the M/V Blue Water Princess carrying more than a hundred passengers encountered rough seas less than an hour after leaving Dalahican Port in Lucena City early Thursday morning. Bunye said the President also expressed her deep sympathies to the families of those who died in the tragic incident. |
| PGMA honors top Bacolod entrepreneurs |
BACOLOD CITY - President Gloria Macapagal-Arroyo lauded today the Ten Most Inspiring Bacolod Entrepreneurs for their exemplary achievements in the field of entrepreneurship. The President presented trophies to the awardees led by Negros Occidental Governor Joseph Maraņon during the Most Inspiring Bacolod Entrepreneurship awards held at the University of St. La Salle (USLS) Coliseum here. She was assisted by Presidential Consultant for Entrepreneurship Jose Ma. Concepcion III; Bro. Rolando Dizon, chairman of the Bacolod Economic Business Council and La Salle University president "Congratulations to our awardees. Our icons and role models for entrepreneurship," the President said in her brief message. The other Nine Most Inspiring Bacolod Entrepeneur awardees are: Ms. Josephine Locsin of the Tumandok Crafts Industries; Dianna Lyn Agustin and Maria Corazon Bitong of BAYO; Olivia Yanson of Yanson Group of Companies and Ceres Liner Bus Co.; Jose Maria Cajili of Chicken House; Cecille del Castillo of Dungganon Bank and Negros Women for Tomorrow's Foundation; James Chua of Foodman; Roberto Montelibano of GH Foods Inc.; Joaquin Torre of Riverside Medical Center, and Benjamin Lopue of Lopue's Group of Companies. The President urged the more than 7,000 Negrense youth present at the awarding rites to follow the footsteps of the awardees. "Hopefully, our youth here will become the object of adulation of the next generation of successful entrepreneurs," the President said. Inspiring Bacolod Entrepreneurs is an award given by the Philippine Center for Entrepreneurship (PCE) as part of the Go Negosyo sa Bacolod. Go Negosyo sa Bacolod is part of PCE's latest campaign of the Go Negosyo Caravan which aims to bring Go Negosyo forum and expositions to key cities outside of Metro Manila. The President also inspected the two electric power jeepneys (E-jeepney) displayed just outside the USLS Coliseum. She was accompanied by Bacolod City Mayor Evelio Leonardia and Congresman Monico Puentevella. Other officials present included Presidential Management Staff head Cerge Remonde; Tourism Secretary Robert Ace Durano; Transportation and Communications Secretary Leandro Mendoza and Congressman Iggy Arroyo. |
| President proposes opening of P4.37-B Bacolod/Silay aiport in November |
SILAY CITY, Negros Occidental -- President Gloria Macapagal-Arroyo inspected here today the 98-percent completed new Bacolod-Silay Airport which is expected to increase the levels of living of Negrenses when it becomes operational in November. The airport is dubbed Bacolod-Silay Airport even as it is completely in Silay City, two towns north of Bacolod City past Talisay town. This, as the international airport codes list Bacolod as the airport in that part of the country, the President explained. The new international-standard airport in Barangay Bagtic lies west of the scenic Kanlaon Volcano, and is reminiscent of the Legazpi Airport that has the Mayon Volcano as its eastern backdrop, a welcome treat to visiting tourists. The P4.37-billion airport is to handle all-weather and night-landing operations. It is equipped with crash, fire, and rescue vehicles and airport maintenance equipment. Its 2,000-meter long and 45-meter wide runway, and 678-meter by 23-meter taxi ways could accommodate A-320 aircraft with a maximum of 160 passengers, while the apron can hold five aircraft at any one time (with two on "hard stand" mode). The terminal building, on the other hand, is equipped with three state-of-the-art passenger boarding bridges, flight information display system, mechanized baggage handling system for inbound and outbound baggage, security X-rays, elevators and escalators. It was built to cater to the increasing number of air passengers and cargo traffic in Negros Occidental. The President cited differing opinions about the opening date, with some local officials wanting it opened only after the access and diversion roads leading to the airport have been completely paved. The President said the airport could be opened in November after the completion of the access road and then added in jest that they could always wait till the diversion road is completed in 2010, eliciting laughter. "That is something you have to decide among yourselves," the President stressed even as she repeated her motion that the airport is ready to be opened today. She later agreed that local officials decide on the date of opening during their meeting among themselves tomorrow. After her 20-minute speech in which she gave an update on the ongoing infrastructure projects in the Central Philippines super region, the President sat down to a working lunch with the group for an entire hour. Among those present were Bacolod City Mayor Evelio Leonardia, Negros Occidental Gov. Joseph Maranon and Silay City Mayor Jose Montelibano. Public Works and Highways Secretary Hermogenes Ebdane chimed in from the Presidents right that P60 million is needed to pave the remaining 4.5 kilometers of the Diversion Road to the airport, but the President reminded Ebdane, thus: "The Access Road that we passed today that is already being done and it will be finished in November." |