Money – English Daily http://english-daily.com/ Mon, 23 May 2022 18:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://english-daily.com/wp-content/uploads/2021/03/default2.png Money – English Daily http://english-daily.com/ 32 32 More needs to be done on farm mechanization https://english-daily.com/more-needs-to-be-done-on-farm-mechanization/ Mon, 23 May 2022 18:00:00 +0000 https://english-daily.com/more-needs-to-be-done-on-farm-mechanization/

The INADEQUACY in farm mechanization and its impact on agriculture has come to the fore in the flood-affected districts of the northeast, where farmers struggle to harvest and dry their crops. Farmers in the northeast, covering seven districts accounting for a quarter of the total boron agricultural area, have had to face heavy losses as flash floods inundated fields three times starting in April. What has aggravated the plight of farmers is the absence of modern agricultural machinery. Although many farmers have managed to harvest their produce manually, they were unable to dry the crop in the absence of dry open spaces and lack of sunlight, resulting in losses. Such a situation has pushed many farmers to decide not to harvest the rice. Even after the government has implemented a series of agricultural mechanization projects, it is worrying that farmers still incur losses due to the absence of simple agricultural machines such as dryers. Bangladesh has had an agricultural mechanization project underway since 2009 and only seven rice dryers have been made available to farmers so far.

As an ongoing process, agricultural mechanization has seen major improvement in irrigation and tillage, but other labor-intensive areas such as transplanting, harvesting, and drying still rely heavily on manual labor. About 98 percent of irrigation and tillage, according to official estimates, has been mechanized. However, independent estimates put the rate at just over 50 percent. The rate of mechanization in transplanting, harvesting and drying ranges from 5 to 20 percent. With the world adopting mechanized agriculture, which can save about 30 percent of time and labour, and ensure less seed and fertilizer waste and an increase in overall production of about 15 percent, and a growing shortage of human resources in agriculture, mechanized agriculture is what is needed to support farmers. As for the farmers in the Northeast, if they had had enough dryers and combines, they could have saved their ripe and harvested produce. Farmers have also long emphasized early and effective mechanization of agriculture to complete crop-related activities in a timely manner to reduce production losses and overcome labor shortages. They have also identified problems such as fragmented land, poor purchasing power of farmers, and lack of quality machinery as obstacles to effective farm mechanization.

As an increasing share of the workforce is absorbed by other industries in cities, leading to severe human resource shortages in agriculture, and as natural disasters often make it difficult for farmers to harvest and preserve their harvest , proper mechanized agriculture can save small farmers. The authorities must therefore provide farmers with modern machines at subsidized prices or through easy loans and must help local manufacturers of agricultural machinery.

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Doing business, legitimate inheritance rights ‘FPCCI, SCW, FWB will collaborate to give women maximum opportunity – Business & Finance https://english-daily.com/doing-business-legitimate-inheritance-rights-fpcci-scw-fwb-will-collaborate-to-give-women-maximum-opportunity-business-finance/ Fri, 20 May 2022 23:34:42 +0000 https://english-daily.com/doing-business-legitimate-inheritance-rights-fpcci-scw-fwb-will-collaborate-to-give-women-maximum-opportunity-business-finance/

KARACHI: FPCCI Business Women Committee Coordinator Nazli Abid Nisar has said that FPCCI, Sindh Commission for Women (SCW) and First Women Bank (FWB) will work together to give women the maximum opportunity of move forward and make them aware of their rights. .

In this regard, awareness sessions will be organized and full support will be given to the problems faced by women, especially to make it easier for them to conduct business and also to give them legitimate inheritance rights.

Speaking at a meeting of the 2nd Central Standing Committee of Women Entrepreneurs, she said that the FPCCI strives to highlight women’s issues and their rights. Women should get business opportunities in all fields, especially agriculture, fishing, etc.

Nazli Abid Nisar added that the skills of women working from home in rural Sindh were invaluable, but they do not get what they deserve, so now is the time to provide business opportunities and equal benefits for all. She suggested that one-stop facilitation should be provided at the FPCCI, where representatives from 24 departments are present so that women entrepreneurs do not have to go back and forth.

Rafat Malik, Vice President of FPCCI, said that women entrepreneurs should be introduced in the fields of commerce and industry, while the provision of easy loans from banks for women entrepreneurs should be ensured.

Hina Mansab, president of the National Business Council, urged all women’s chambers to work together, said that no position is required to work for the advancement of women, and in this regard, the former vice president of FPCCI Nazli Abid Nisar; we have the example of

Commercial Registrar of Copyright, 2022

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Ez Capital: becoming the bridge between women entrepreneurs and the capital market https://english-daily.com/ez-capital-becoming-the-bridge-between-women-entrepreneurs-and-the-capital-market/ Thu, 19 May 2022 13:20:24 +0000 https://english-daily.com/ez-capital-becoming-the-bridge-between-women-entrepreneurs-and-the-capital-market/

Operating under the brand “Exclusive Leasing and Finance Private Limited”, an NBFC, the company focuses on providing credit to low-income households residing in Tier 2 and Tier 3 cities and towns. The company conducts its business through through registered office in New Delhi and associated branches in Ludhiana, Jalandhar, Ghaziabad, New Delhi and Faridabad.

From the Founder’s Enclosure

In the words of Mr. Vijay Bhandari, cities and rural entrepreneurship can be the panacea to alleviate the problems of poverty, economic disparity and unemployment. All of that will end up offering an opportunity by lending the necessary funds.

Financial Products on offer

wholesale financing

Wholesale financing is offered to other NBFCs and financial institutions in Tier 2 and Tier 3 cities. The intention is to encourage lower middle class people who cannot avail the necessary funds from banks or vice versa. These women have the potential to gain financial independence and growth capabilities. The company aims to take advantage of this credit gap.

Co-loan/Business Correspondence

Capital EZ offers two-wheeler loans and MSME loans, along with traditional lenders based in the north. The first caters to transportation requirements and the second to business dynamics.

The crux of this service is to allow us to disburse the agreed percentage of the loan amounts to other NBFCs and to assist them. The objective? These NBFCs can now lend effortlessly to women entrepreneurs. The push for two-wheelers was aided by social distancing rules and limited public transportation options.

Loan against Property

In remote regions where banks don’t have great reach, EZ Capital has striven to provide exceptional home loans to encourage small businesswomen in rural areas to elevate their lifestyles and aspirations.

The company believes that doing is what separates aspirations from reality. And women who have that potential can now benefit from our heightened sense of responsibility and passion.

What sets EZ Capital apart?

With women breaking the bulwark to gain financial independence, EZ Capital starts by knowing clients and their financial needs. Taking care of clients is at the pinnacle of relationships for the EZ Capital team.

Women entrepreneurs can now get quick and easy loans through easy documentation and processing, dedicated relationship management, value-added services, and home documentation. With this, rural women entrepreneurs need not worry!

Their experts have devised a transparent, cash-flow-based loan model that offers attractive interest rates and payment terms. In addition, women can make comfortable monthly installments through electronic compensation and even request loan insurance.

The crux of servicing is to make loans easy and convenient for women.

By harnessing the feeling of Atma Nirbhar

The term ‘Atma Nirbhar’ means self-sufficient. But, to achieve this, a wave of encouragement and motivation is essential. So this is where the partnership with Dhanvarsha Finvest Limited (DFL) comes to the rescue of women entrepreneurs. With this, women entrepreneurs can now apply for the ‘Mahila Udyog’ working capital loan. Easy and convenient documentation and favorable loan terms are the holy grail for women-led rural businesses.

What matters

While ‘To Care’ is an appreciation of the truth, ‘To Do Right’ represents the act of integrity. The latter implies serving women entrepreneurs with honesty, transparency and fairness. In the call for courage, female entrepreneurs can now take a unique identity and transform it into strength with the help of EZ Capital.

EZ Gold Loan with EZ for Women’s Empowerment

EZ Capital provides an easy-documentation gold loan to women entrepreneurs who want to start a new business or expand their existing business.

EZ also awards a special ROI to women entrepreneurs and awards in other positions.

EZ Women’s Gold Loan schemes specifically provide financial support to women who want to grow and contribute to the growth of the country’s economy.

Disclaimer: This article is a paid publication and has no journalistic/editorial involvement from Hindustan Times. Hindustan Times does not endorse/subscribe to the content(s) of the article/advertisement and/or the opinion(s) expressed here. Hindustan Times shall not be liable in any way for anything that is stated in the article and/or also regarding the opinion(s), opinion(s), advertisement(s), statement(s), claim(s). es), etc., indicated/presented therein.

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4 habits of the financially stable that you can emulate https://english-daily.com/4-habits-of-the-financially-stable-that-you-can-emulate/ Thu, 12 May 2022 10:43:55 +0000 https://english-daily.com/4-habits-of-the-financially-stable-that-you-can-emulate/

Money doesn’t buy happiness, but it is necessary to ensure that all of one’s dreams come true in one’s lifetime. Having a large amount of money can ensure stability, comfort, and peace of mind. But how do you create wealth? It’s not that difficult if you’re disciplined, aware of the right avenues to explore, and consistent in your tax approach. If you think that wealth creation is only possible for certain people with extraordinary foresight and knowledge of money, think again.

We list the 4 habits of financially successful people that you can imitate to create wealth and fulfill your dreams.

1. Budget your income and stick to the plan
You can’t expect to accumulate wealth if you don’t make simple adjustments to your spending and saving patterns. Any financially successful person will tell you that the key to getting more on your hands is to carefully budget your usage. You could earn Rs 20,000 or Rs 100,000 a month, but if you don’t budget your expenses and are not responsible for your expenses, you will lose money and soon you won’t have anything in your hands. Living paycheck to paycheck is never ideal. Start budgeting your monthly income: first subtract savings, bill payments, and grocery costs. The rest must be strictly budgeted to avoid unnecessary expenses. The more strictly you stick to your budget, the more money you have available to spend and save.

2. Get out of debt soon
All financially stable people reached their level of stability by reducing debt and eventually eliminating it. Debt can cause serious shortfalls in your income and become unmanageable over a period of time as you juggle multiple financial responsibilities and more than one loan on a single income. The larger the loan amount, the more you will struggle to work on your shrinking income. If you are in debt, try to eliminate it by consolidating it into an easy loan; This means taking out a personal loan that pays off the old debt, so you still have the same amount of money to pay back but only EMI to deal with. Debt consolidation makes financial management much easier, which is why you should apply for your personal loan online as soon as you can. Major loan applications in india offer easy loans that one can use to pay off older debts; in turn, the personal loan paid in a few months. Apply for this loan online to be debt free in 2022 and see the difference it makes in your financial life.

3. Pay yourself every month
‘Paying yourself’ is simply the practice of saving money on a regular basis. The habit of saving is crucial on the path to wealth creation. Every month, set aside or pay yourself a fixed amount of money into a savings account at the time you receive your salary or payment from your business. Don’t wait until the last week of the month to save money, because you may not have the necessary funds on hand. Start with the goal of setting aside Rs 3,000 per month, then increase to Rs 5,000 per month after six months. Every year, take stock of your savings and periodically invest a part of them in different instruments such as PPF, pension funds, mutual funds, stocks and bonds, etc.

4. Make your money work for you while you live your life
Most of us depend on our income to create wealth: you can work 24 hours a day, but still earn the same salary at the end of the month. Wealth creation doesn’t happen by working harder or longer, but by making your money work when you don’t. This literally means your money must work for you while you eat, sleep, vacation, watch TV, and even retire. This goal is achieved only by investing your money. Make a financial roadmap that lists short-term and long-term goals, and lists the amounts of money needed to meet those goals at the same time. Now research the investment options that will help you achieve those goals, and start setting aside money in each one. Equity mutual funds, balanced funds, mid- and small-cap stocks are all good options that appreciate well over a longer time frame.

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How to access, request, pay your mobile loans and save with Timiza https://english-daily.com/how-to-access-request-pay-your-mobile-loans-and-save-with-timiza/ Mon, 09 May 2022 13:00:55 +0000 https://english-daily.com/how-to-access-request-pay-your-mobile-loans-and-save-with-timiza/

How to access, request, pay your mobile loans and save with Timiza

By Soko Directory Team / Posted May 9, 2022 | 15:56

KEY FINDINGS

Timiza’s mobile app works more like Branch, but has more features like buying airtime, insurance coverage, paying KPLC bills, and their unsecured loans have a low interest rate. Also, you do not need a bank account with Barclays to operate a Timiza account.

Mobile finance solutions have recently exploded in Kenya and while there is still space and gaps to be filled, some of the mobile services offer exceptional and unique products, which is why Absa Bank’s Timiza app remains one of the best.

Absa bank launched a mobile application called Timiza that makes it possible for users to apply for loans instantly.

For thousands of Kenyans, Absa Bank has developed a modern and user-friendly mobile app, offering quick and easy loans to all smartphone users, including the marginalized, those in remote locations and the unbanked.

Timiza’s mobile app works more like Branch, but has more features like buying airtime, insurance coverage, paying KPLC bills, and their unsecured loans have a low interest rate. Also, you do not need a bank account with Barclays to operate a Timiza account.

How to access TIMIZA

  1. Download the application from the Play Store: Timiza
  2. Click the install button
  3. Once installed, click Open
  4. Allow Timiza app to make/manage calls/read messages
  5. Enter your Safaricom line and ID number to register
  6. Once done, it will set a pin to login to the app
  7. Sign in to the app with the necessary credentials. You will see your loan/credit limit displayed on the app.
  8. Select ‘My loans’
  9. Select ‘Apply for loan’
  10. Enter the amount you want to borrow.
  11. Select ‘Continue’.

You can also apply for Timiza mobile loan product from ABSA Bank via USSD code *848# and proceed with the same pin you use in the APP.

How to Pay Your Timiza Loans

  1. You can pay Timiza loan through MPESA business number 300067, account number is Safaricom phone number or you can just dial *848#. Enter the pin, select the loan option and select pay loan
  2. Go to MPESA.
  3. Select Lipa na MPESA
  4. Select the payment invoice option.
  5. Enter the business number as 300067.
  6. Enter your Timiza registered phone number as the account number.
  7. Enter your payment amount
  8. Enter your MPESA pin.
  9. Confirm the details are correct and then press OK

How much can you get from TIMIZA

The types of loans available at TIMIZA are the emergency loan and the store financing loan. To access these loans, one must navigate through the ABSA Timiza menu on their phone and use the ‘Request loan’ menu

You are completely free to set a loan repayment period that works for you. However, keep in mind that the repayment period of the loan cannot be less than thirty days.

The bank may decide to accept or reject your loan application for no reason. The bank will accept or reject your loan request through an SMS sent to the mobile phone number associated with your ABSA Timiza Account.

If the bank accepts your loan request, it will disburse you the amount. The minimum amount disbursed is usually 50 shillings, while the maximum amount is usually 1,000,000 shillings.

How to save with TIMIZA using the payment invoice M-Pesa 300067

  1. Open M-Pesa on your phone.
  2. Select Lipa na M-Pesa.
  3. Now select the payment option.
  4. Enter Timiza’s salary receipt n° 300067.
  5. Next, enter your account number. …
  6. Now enter the amount you want to transfer to your Timiza account and press OK.
  7. Enter your M-PESA PIN and press OK.

Benefits of saving with Timiza

  1. Get up to 5% return per year on a balance of KES100.
  2. The more you save, the better your chances of increasing your loan limit.
  3. Interest accrued on balances from KES100.
  4. If you make no more than 3 withdrawals per quarter, you can get a bonus of up to 4%
  5. Make free transfers to and from your Timiza account.
  6. No minimum balance required.

Benefits of using TIMIZA

  1. It has higher loan limits.
  2. You can transfer funds from M-PESA to Timiza and vice versa
  3. The lowest installation fees at 5% compared to the market.
  4. Differentiated and lower prices for good clients who request loans repeatedly
  5. Incentives for early repayment, good transactional behavior and loyalty
  6. Save with the Zidisha savings account
  7. Get instant loans on your phone
  8. Deposit funds in Timiza
  9. Pay KPLC/ZUKU/DSTV/GOTV bills
  10. purchase insurance
  11. Buy airtime
  12. Take out insurance (personal accident and final expenses)
  13. Taxi request (mobile app only)

About the Soko Board of Directors

Soko Directory is a digital finance and markets portal that tracks brands, NSE listed companies, SMEs and trendsetters in the markets ecosystem. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

See other posts from the Soko Board of Directors team

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Investigation into 22 Chinese citizens gets complicated https://english-daily.com/investigation-into-22-chinese-citizens-gets-complicated/ Fri, 06 May 2022 07:15:11 +0000 https://english-daily.com/investigation-into-22-chinese-citizens-gets-complicated/

On April 22, a joint team from the Immigration Department and the Nepalese Police raided a house in Maharajgunj, Kathmandu, and arrested 22 Chinese nationals. Interestingly, at the time this news was largely ignored by Nepal’s mainstream media and details about the incident remain obscure to this day.

ApEx learns that the authorities had received information about suspicious activity in the house and the suspects had been caught with 35 laptops, 675 mobile phones and 760 SIM cards issued by Nepal Telecom and NCell.

The Chinese citizens are suspected of being part of a syndicate involved in cross-border online gambling. However, neither the immigration agency nor the police have the proper technology and personnel to confirm their suspicions.

With no firm basis to charge the suspects, the 22 were released a day later on the condition that they help authorities with the investigation. The immigration department has confiscated their passports to prevent them from leaving the country.

The suspects, who were released into the custody of Manjil Shrestha, are currently staying at a hotel in Thamel.

Narayan Prasad Bhattarai, director-general of the Immigration Department, says the investigation is being carried out with the help of the police.

“The suspects had entered Nepal on business visas. We also discovered that one of them had overstayed his visa,” says Bhattarai. “We are still trying to find out the nature of their activities here in Nepal.”

Laptops and mobile phones seized from Chinese citizens were sent to the Central Police Forensic Science Laboratory. The digital forensic report of these devices will be crucial in the investigation.

The increasing involvement of Chinese citizens in illegal activities has become a serious concern for the Nepalese authorities. Among other things, they are suspected of running online Ponzi schemes and defrauding foreign nationals with lures of easy loans. The immigration department is responsible for investigating crimes committed by foreigners. But the department has been unable to fulfill this responsibility due to labor shortages. While he has shown some willingness to investigate foreign nationals involved in suspicious acts, his investigations are rarely successful.

Even the police seem to lack experience in effectively investigating suspected illegal activities by foreigners. And when it comes to crimes committed through the misuse of technology, they are woefully incompetent.

This became evident when authorities arrested 122 Chinese nationals, also wearing similar equipment, in December 2019 for their alleged involvement in criminal activities. These arrests were made with the help of the Chinese Embassy in Kathmandu, which was concerned that the suspects were tarnishing China’s image.

They were eventually extradited to China. The Ministry of Public Security of the People’s Republic of China had chartered two planes to take them back. A senior official from China’s Criminal Investigation Department had personally gone to Kathmandu to negotiate extradition with the Nepalese authorities.

The decision of the Nepalese authorities on the last group of 22 Chinese citizens detained in Kathmandu is unknown. They seem to be struggling to find out what kind of activities the suspects were involved in. The investigation and study of evidence so far have offered few clues. (The Chinese Embassy in Kathmandu did not respond to our queries about the Chinese nationals arrested.)

What the police know so far is that the suspects conducted their business and transactions using various applications with their servers in mainland China, Hong Kong and Macau. The problem is that these transaction logs cannot be accessed to know the extent of your daily transactions.

However, police and immigration officials insist the investigation is still ongoing with the few technical resources they have at their disposal.

Police have also been using translators to question suspects.

Meanwhile, the immigration agency has decided to deport and impose a one-year travel ban on one of the suspects who overstayed his visa.

Bhattarai, director general of the Immigration Department, confirmed the decision made by a meeting at the level of secretaries of the Ministry of the Interior to deport and ban a Liancheng Wang with passport number E64817354 (see photo on the side).

“It will take some time to deport him as flights between Nepal and China are suspended at the moment,” says Bhattarai. “According to the decision of the Ministry of the Interior, he will be banned from traveling to Nepal for one year.”

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Why banks cancel billions worth of loans to the rich but threaten farmers with arrests for minor defaults https://english-daily.com/why-banks-cancel-billions-worth-of-loans-to-the-rich-but-threaten-farmers-with-arrests-for-minor-defaults/ Sun, 01 May 2022 06:39:51 +0000 https://english-daily.com/why-banks-cancel-billions-worth-of-loans-to-the-rich-but-threaten-farmers-with-arrests-for-minor-defaults/

Will poor farmers remain the recipients?


Gujarat High Court recently reprimanded the State Bank of India for not issuing a fee-free certificate to a farmer due to outstanding fees of only, believe it or not, 37 paise (not Rs.) on their accounts!

This should be read in conjunction with the statistics that the same bank wrote off loans worth Rs. 34,402 crores (one crore = 10 million) in fiscal year 2020-21.

The difference in the two situations was that most of these loans had been taken by very wealthy and influential individuals or companies.

However, a recent study by this bank of small loans taken by borrowers of modest means (mostly street vendors) revealed that most of these were reimbursed as per regulations and the track record of prompt recovery was quite good. This happened in the context of a PM Swanidhi government program despite the many difficulties faced by these borrowers in exceptionally difficult times.

There was a scare in the villages of Punjab recently when arrest warrants were issued against the names of nearly 2,000 farmers who had defaulted on their loans taken from the Punjab State Cooperative Agricultural Development Bank.

As the farmers’ movement in this state is very strong, there was a huge protest against this and the newly elected government had to withdraw the arrest warrants, however this episode turned out to be a cruel reminder that the arrest of a farmer for default, a relatively small loan is still a possibility even in a state where farmers’ unions are supposed to be the strongest in the country.

In fact, concerns about their mounting debts, themselves caused by a number of adverse factors, have been a very important reason for farmers’ suicides. In Punjab recently, many farmers have experienced a large reduction in wheat yield due to adverse weather conditions and issuing arrest warrants for non-payment of small loans at this time was a particularly insensitive decision, also considering that a new government has just being elected promises justice for farmers. Around 15 farmer suicides have already been reported in Punjab since the formation of the new AAP government here.

In fact, while reporting from the Bundelkhand, this writer realized, based on conversations with several farming households, that non-payment of loans was the main concern of these farmers, ultimately leading them in some cases to suicide. Banks, including rural banks, in some cases employed strong muscular men as loan recovery agents who used very foul language. Self-respecting farmers feared these meetings and some of them chose to end their lives. However, the fact remains that their economic problems and non-payment of loans were caused in most cases by highly erratic and adverse weather conditions in times of climate change over which they had no control.

In addition, the loans were often part of a more expensive agricultural technology that was promoted strongly by a nexus of civil servants-banks-companies. As a result of these strong promotional tactics, small farmers who did not really need tractors were induced to make this unfeasible and certainly avoidable purchase.

I also noticed that some politically well-connected and influential villagers had emerged as middlemen who arranged easy loans for the villagers, but only after taking a hefty commission for themselves. They passed on a portion of this to bank officials.

Another undesirable trend was that when the farmers were to receive or give some amount under various government schemes, this would be adjusted in their loan accounts by the banks without even informing them.

Due to all these factors, the concern about the indebtedness of farmers in most of the country has been increasing. However, banks have been far less forgiving of them and other small borrowers compared to the wealthy and influential borrowers. In recent years, small entrepreneurs have suffered greatly due to various adverse policies including demonetization, GST and longer-than-necessary lockdowns and thus their ability to repay loans has been negatively affected, but overall they have not received a sympathetic hearing from the banks.

On the other hand, banks have been accumulating bad debt or non-performing assets related to wealthy and influential borrowers, some of whom have gotten into the habit of living a life of luxury based on smart management of borrowed money.

Since the Modi regime took over in 2014-15, bank loans worth more than Rs. 10 lakh crore (10 lakh = million) have been cancelled. Only during the fiscal year 2020-21 around Rs. 2 lakh crore was cancelled. These installments are mainly related to wealthy and influential borrowers. During the last 5 years the punishment has accounted for more than double the recoveries. Almost 75% of such cancellations correspond to public sector banks.

What’s more, in many cases, banks have refused to reveal the names and details of those people and companies whose huge loans have been written off.

Clearly, these distortions in the banking system urgently need to be corrected.

Bharat Dogra is Honorary Coordinator of the Campaign to Save the Earth Now. Recent books by him include Man Over Machine (Gandhian Ideas for Our Times) and India’s Quest for Sustainable Farming and Healthy Food.

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Investments SM RRD, ELANVITAL Zaya in Sta. Rosa, CEB Viajes https://english-daily.com/investments-sm-rrd-elanvital-zaya-in-sta-rosa-ceb-viajes/ Wed, 27 Apr 2022 16:00:52 +0000 https://english-daily.com/investments-sm-rrd-elanvital-zaya-in-sta-rosa-ceb-viajes/
(Above Left) Automated Weather Stations: SM Prime Holdings, Inc. has entered into a partnership with the Manila Observatory for the “High Definition Weather, Climate and Clean Energy Forecasts for the Philippines” project, a data-driven system that uses automated weather information. (AWS) and high-performance computer modeling to provide clean energy and weather forecasts up to five days in advance. (Right) SM also installed Earthquake Recording Instruments (ERI) in all shopping malls for real-time monitoring of ground motion which is recorded on an ERI dashboard. (Bottom) SM Marikina rises above a Marikina River water lever elevation of 23 meters because it sits on 246 pilings and 20 meters farther than the suggested distance of 90 meters from the Marikina River centerline.

SM Investments for Disaster Resilience

SM, as a responsible member of the community, has viewed disaster resilience as a necessary investment to help ensure our communities thrive. SM allocates 10% of its capital expenditures for disaster resistant features, including water management design.

“It’s not just a question of if, but when,” said Hans T. Sy, Chairman of the Executive Committee of SM Prime Holdings. “We already know that there will always be another typhoon, another earthquake, another natural calamity. Our best bet to avoid loss and personal injury is to be prepared for when it arrives… We don’t want to just build shopping malls, but more importantly, we make sure our developments improve life in the community.”

Some of SM’s notable resilient infrastructures are SM City Marikina and SM Mall of Asia, designed to help mitigate the effect of flooding on the community. SM Lanang Premier in Davao has a rainwater harvesting tank with a capacity of 600 cubic meters. Most SM malls feature disaster-resistant designs, including SM Seaside City Cebu and SM City Puerto Princesa in Palawan, where the mall is raised approximately 1.40 meters from City Road, as flood protection. SM City Consolacion in Cebu has a properly designed drainage system that discharges to the adjacent creek and surface drainage in the area along the perimeter walls.

Elanvital presents Zaya Sta. roses

Elanvital, best known for offering quality homes in Laguna and Cavite for growing middle-income families, has just launched Zaya Sta. Rosa, its new development in the Balibago district of the city.

Raemulan Lands, Inc. CEO Eileen Uy-Doyle said, “Zaya Sta. Rosa is designed for those looking for prime real estate at the right price: the young urban workforce looking to own their first home, those they are just starting to invest in properties putting their money into a growing asset, or typical investors who recognize the potential value of properties in Sta. Rosa.”

Elanvital’s COO, Apple Hurtado, joined Doyle and other executives at formal groundbreaking ceremonies, where a time capsule containing Zaya Sta. Rosa’s blueprints was set up.

Later, the executives joined Wilhelm Chuacuco and Belle Manalo, Chief Sales Officers of Elanvital, in the traditional placement of the Pi Xiu bronze at the entrance of the development. The Pi Xiu is an image of a mythical creature that is believed to bring good fortune, wealth, and protection.

“The property value of the ZAYA location is already excellent, making it a good investment opportunity,” explained Uy-Doyle. “It is cheaper and more rewarding to buy a unit in Zaya Sta. Rosa than to rent somewhere, since the monthly amortization is almost equal to the monthly rent in the area.”

Zaya Sta Rosa is positioned as the ideal city-home. Located along the Sta. Rosa-Tagaytay Highway, it is just 1.8 kilometers from SLEX Sta. Rosa Exit and an 11-minute walk from Balibago Transportation Terminal.

The event was also attended by Ing. Rod Isidro, general director of construction, as well as Robert Ignacio, president of Elanvital’s collaborating contractor company, ROBIG Builders, and his team.

Travel fund for family, friends

Cebu Pacific (CEB) enhances its travel fund to allow passengers to use their fund to book tickets for anyone, making it possible to give the gift of travel to family and friends.

A passenger only needs to sign up for a MyCebuPacific account on the website or mobile app. Once you’ve logged in, you can go to the “Reservations” tab and type the reference number and last name from the previous trip in the Add Reservation section. Once the name or email address of the previous trip matches the account details, the amount of the Travel Fund will be stored immediately.

“We know that this will benefit all those who have credits stored in their Travel Fund due to the greater flexibility. We’ve been listening to customer feedback and hope this encourages our passengers to use their travel funds to book flights not just for themselves, but even their loved ones,” said Candice Iyog, vice president of marketing and customer experience at CEB.

More clients book appointments online for PLDT, smart services

Even with the relaxation of pandemic restrictions, the Philippines’ largest and most fully integrated PLDT network and its wireless unit Smart Communications, Inc. (Smart) have seen a steady volume of customers securing appointments through its online booking platform. in the first quarter of 2022.

Launched by PLDT and Smart at the height of the pandemic restrictions in 2020 to ensure continuous customer service through digital means, the channel has proven to be effective and useful for customers and continues to gain ground. This development helps underscore PLDT and Smart’s broader program to elevate the quality of the customer experience and digitally transform processes accordingly.

Thousands of PLDTs and Smarts from January to March used the reservation platform to schedule in-store or virtual appointments for sales and after-sales inquiries, including inquiries about brand-specific services and mobile number portability.

Meanwhile, mall and non-mall based centers manned by fully vaccinated front-line staff are open to serve customers according to their regular business hours.

Asticom wins three gold medals at the TITAN Business Awards 2022

Asticom Group of Companies, a wholly owned subsidiary of Globe, garnered three gold medals at the recent TITAN Business Awards 2022. The international awards recognize innovative excellence in all global businesses and companies from a wide range of industries.

The shared services group stood out in the Business and Organization category for its overall strategy and efforts to innovate and grow. It was also acclaimed in the Human Resources category for having the best health and wellness strategy. Lastly, Asticom’s technologies and systems were cited in the IT category for their efficiency in solving problems in the organization.

The TITAN Business Awards, organized by the International Awards Associate (IAA), honor organizations, large and small, public and private, for-profit and not-for-profit, as well as the people behind their success.

This year, the awards received more than 800 nominated entries from around the world, with up to 50 countries participating, including the United States, United Kingdom, Australia, India, Ireland, New Zealand, the Netherlands and Canada.

Asticom is part of the Globe ecosystem. It owns information technology and business services outsourcing company Asti Business Services Inc. (ABSI), human resources and digital solutions provider HCX Technology Partners Inc., engineering company Fiber Infrastructure and Network Services Inc. (FINSI) and the logistics provider BRAD Warehouse and Logistics Services. Inc.

Teleperformance Receives ISO Certification

Teleperformance (TP) Philippines has achieved ISO 45001:2018 certification or Occupational Health and Safety Management System Certification, the world’s first international standard for occupational health and safety (OHS).

The certification promotes a safe and healthy work environment by providing a framework that enables organizations to identify and reduce their OH&S risks, reduce the potential for workplace accidents and illnesses, and improve legislative compliance.

TP Philippines worked with Standard Global Services (SGS), a testing, inspection and certification company, which helped audit the company. To achieve certification, TP Philippines underwent intensive design and training, and implemented various health and safety precautions at its business sites, such as training staff including doctors, nurses, security officers, and first responders; audit of wellness facilities such as clinics, gyms, laundry areas, and dormitories; and the development of an emergency management plan.

Insular Foundation Donation

Insular Foundation officials with collaborating organizations.

Insular Foundation recently handed over the emergency dormitories to front-line doctors from the Ospital ng Muntinlupa (OsMun).

As part of its response initiatives to COVID-19, the Foundation contributed 1.02 million pesos for the construction of the dormitories for the OsMun health workers.

Since 2020, the Insular Foundation has provided assistance to the neighboring OsMun through the donation of food, personal protective equipment, vitamins and masks.

The emergency dormitories, built within the Ospital ng Muntinlupa compound, will serve as dormitory or accommodation for hospital staff. The 108-square-meter facility is made up of fiber cement boards, with a concrete floor and a corrugated steel roof. It has 14 rooms complete with bed frames, bedding and electric fans, air conditioning, two bathrooms and two bathrooms with showers.

credit awareness

Security Bank supports Bangko Sentral ng Pilipinas (BSP) in celebrating Credit Awareness Week 2022 from April 24-30, 2022.

This year’s theme is Wastong pag-utang, susi sa pagbangon ng bayan, a call that highlights one’s contribution to positively impacting the country’s economy through proper credit management.

Staying true to its slogan #DitoPwede, SB Finance, the consumer finance arm of Security Bank and a partnership with Thailand’s Bank of Ayudhya (Krungsri), is determined to offer loans digitally and conveniently through its new app. zukì mobile.

“We want to take the intimidation out of applying for a loan. Filipinos should have access to safe and easy loans to improve their lives,” said Abbie Casanova, President and CEO of SB Finance.

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Paradoxes in higher education https://english-daily.com/paradoxes-in-higher-education/ Tue, 26 Apr 2022 01:33:29 +0000 https://english-daily.com/paradoxes-in-higher-education/

A recent statistic reveals that during the first three months of this year, nearly 40,000 students obtained no objection certificates of the Ministry of Education for university studies abroad. Students need the certificate to earn foreign exchange to pay for their tuition, travel, and accommodation costs. Although only counted in official figures, some $300 million flew away with them at a time when Nepal is reeling under the pressure of a rapid Decline in foreign exchange reserves. At this rate, the number of students leaving the country is likely to top 100,000 this year alone.

Comprehensive and credible data on the exact number of students leaving the country for higher education and the number bleeding out of the national treasury are extremely scarce. Conservative Dear Let’s assume that some 60-75,000 students fly out of the country each year, mostly to developed countries, and at least $1.5 billion fly with them. Almost an equal amount is suspected to flow informally. the ministry statistics show that until the last fiscal year, about 400,000 students went to study abroad during the period of the last decade. This trend has only grown over the years, and following the lifting of Covid-19 related restrictions by major destination countries such as Australia, the UK, Japan, the US and others, growth has been geometric.

the paradoxes

The paradox of supply and demand in Nepal’s higher education is precariously manifested by an incessant outflow of students and foreign exchange, while higher education institutions generally cannot even fill approved vacancies for admission. Students go to foreign countries not only for highly technical and scientific courses such as artificial intelligence, astronomy, biochemical engineering, or nuclear science, but also for regular courses in the humanities and social sciences.

The reason for such an exodus is generally touted as the “unacceptable” quality of educational output from Nepalese institutions. In essence, this phenomenon has jeopardized both the future of Nepal’s higher education and the billions of dollars in private investment in the sector. Nepal’s higher education institutions, including 12 universities and hundreds of their affiliates, educators and legislators seem powerless to defend this persistently ominous accusation. This implicitly connotes that our national higher education system has not met national expectations.

In addition to the hordes of students leaving the country, educational institutions in Nepal are also feeling the heat of increased market competition on several fronts. Private universities here are operating with international university affiliation and many renowned international institutions are vying to open campuses in Nepal. Furthermore, there are clear indications that after India adopted its National Education Policy 2020 With one of the key priorities being the “internationalization” of Indian education, several Indian educational institutions plan to be physically present in the Nepalese market, further exacerbating competition.

Needless to say, in terms of poor results in the face of huge public investments, state-funded universities have largely failed the nation. Self-funded public universities like Kathmandu University, despite their undisputed best performance over the years, are deprived of adequate support of publicly funded resources to maintain quality and expand their programs. Apart from other things, such a state policy would have prevented at least a few thousand students from going abroad each year. Universities cannot admit given quota of students due to extremely conservative policy approaches as in admission to medical education. For example, him Nepal Medical CompanyThe mission, last year, did not even pass an adequate number of students through the entrance test for medical schools to fill their approved vacancies. Higher education has attracted substantial private investment. But their quality was unlikely to be expected to exceed the average of their respective home universities. This is a clear stumbling block to Nepal’s inability to get out of the infamous “licensing regime” in education where inefficient “licensing” authorities still hold sway.

Looking at things from an ecosystem approach, quality doesn’t seem to be the only reason students want to leave the country. Perhaps it is due more to the lack of credible mechanisms to obtain financial support, including easy loans, to obtain higher education, coupled with the absence of post-education job security. Therefore, the problem is also related to the structure of the internal labor market.

the bottlenecks

Three restrictive bottlenecks are particularly evident in the reform of Nepal’s higher education system. First, policy reform is too late. Policy-making leadership, both political and administrative, has consistently failed to understand the rapidly changing paradigms of education, as well as the dynamics of the future labor market. Ongoing reform in curricula and pedagogy often takes a backseat. The delivery of even pre-built courses has pervasively remained suboptimal. The idea of ​​linking academic production with the potential demand for skills in the labor market is hardly embedded in the policy-making process.

Second, the availability of a well-qualified faculty remains another daunting challenge. Teaching in Nepal is a relatively poorly paid and poorly respected profession. It does not attract the best graduates. Most of the hired professors are mediocre and left over from more attractive jobs outside of academia. The scarcity of teacher training and development opportunities is having an adverse effect on quality.

Third, Nepal’s education system has historically suffered from chronic underinvestment. The government budget for the current fiscal year has allocated Rs180 billion for the sector, which constitutes only about 4.2 percent of GDP. This is quite low even compared to the practices in developing countries. Furthermore, the proper utilization of allocated funds versus educational outcomes is also pathetic, to say the least.

Things were expected to improve substantially after the enactment of the federal constitution that categorically separated the responsibilities of providing school education at the local level and higher education at the federal and provincial levels. But the successive governments of the last seven years have failed to pass the necessary legislation to regulate university education. The long-awaited “Comprehensive Higher Education Bill” is still in limbo. Clearly, there seems to be an absence of political will to improve higher education in the country without which it is impossible to avoid going downhill.

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Survivors of the Rana Plaza collapse must not be ignored https://english-daily.com/survivors-of-the-rana-plaza-collapse-must-not-be-ignored/ Tue, 19 Apr 2022 18:00:00 +0000 https://english-daily.com/survivors-of-the-rana-plaza-collapse-must-not-be-ignored/

THE findings of a survey that the physical health of survivors of the Rana Plaza collapse has deteriorated in the nine years since the disaster, especially during the Covid outbreak, are worrying because this suggests that the survivors did not receive adequate support from the government over the years and little to no support during the outbreak. The Rana Plaza collapse on April 24, 2013 left at least 1,138 dead and some 2,500 injured. The Action Aid study, released on April 18, says about 56.5 percent of the 200 survivors surveyed complain of headache, back pain, and hand or leg pain. More worrying is that the situation appears to have worsened during the Covid outbreak. The study shows that physical health remains somewhat stable for 33 percent and completely stable for 10.5 percent of people surveyed, while the figures were 58.5 percent and 27.5 percent in 2021. Meanwhile, the number of survivors suffering from mental health problems rose to 48.5 percent from 12.5 percent of people surveyed in one year. The situation highlights the government’s lack of support for survivors.

The study also says that most survivors expect government support in the form of job opportunities, easy loans to start businesses, and access to health care. The income of most survivors who are employed fell sharply as a result of the Covid economic shock. Approximately 63.5% of survivors had difficulty buying food, 51.5% were unable to pay rent, and 46.5% had to take out loans to survive during the outbreak. It is unacceptable that the survivors of the collapse of Rana Plaza, part of the garment sector said to be one of the pillars of the national economy, have not received adequate support from the government, especially amid the difficulties of Covid. The government has provided a stimulus package for big industries, including the garment sector, to deal with the economic fallout from Covid. But it is clear that the survivors of one of the worst industrial disasters were not in the government’s crosshairs. The government and the owners of the Rana Plaza building and the factories housed therein were all responsible in one way or another for the disaster that left survivors with physical pain and mental trauma. The government and all other parties involved must therefore not shirk their responsibilities towards the survivors of the Rana Plaza collapse in any way.

Therefore, the government must immediately provide cash and other aid to the survivors of the Rana Plaza collapse. While the government and relevant authorities must devise a long-term plan to help survivors, survivors’ access to treatment and rehabilitation must be guaranteed.

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