Month: June 2014

Bicam Approves Go Negosyo Act, Awaits PNoy’s OK


Go, go, go!

The Go Negosyo Act is now closer to becoming a law after it hurdled the bicameral conference committee.

Senator Bam Aquino, chairman of the Committee on Trade, Commerce and Entrepreneurship, and his House counterpart, Las Pinas Rep. Mark Villar, have adopted the Senate version of the Go Negosyo Act authored by Aquino.

On the last day of session, the Senate has ratified the bicameral conference committee report on the Go Negosyo Act. It will be transmitted to Malacanang for President Aquino’s approval.

 “No amount of words will get the people’s trust back in the Senate,” Aquino said.

“If our countrymen would see that we have been working for them despite the scandals, maybe at some point, we would be able to gain their trust again.”

 “With the imminent passage of the Go Negosyo Act into law, small businessmen – micro, small and medium enterprises (MSMEs) are given a much needed boost that will lead to job creation in different parts of the country,” Aquino said.

 Aquino stressed the importance of the Go Negosyo Act, saying 66 percent of jobs in the labor force are generated by the MSME sector, which in turn comprises 99 percent of all enterprises in the Philippines.

“The Go Negosyo Act gives Filipinos – from a simple housewife to ordinary employee – a chance to establish their own business that will help sustain their everyday needs and for their families,” the senator said.

The Act mandates the creation of Pinoy Negosyo Centers, under the Department of Trade and Industry (DTI), in each city and municipality around the country. These Pinoy Negosyo centers are meant to make it easier for entrepreneurs to register and start up their businesses, as well as gain access to sources of financing.

In addition, the Pinoy Negosyo Centers will provide courses and development programs, training, give advice on business conceptualization and feasibility, financing, management, capability building, human resources, marketing and other support services.

Bicam Approves Go Negosyo Act, Lemon Law

Go, go, go!

The Go Negosyo Act is now closer to becoming a law after it hurdled the bicameral conference committee.

Senator Bam Aquino, chairman of the Committee on Trade, Commerce and Entrepreneurship, and his House counterpart, Las Pinas Rep. Mark Villar, have adopted the Senate version of the Go Negosyo Act authored by Aquino.

On the last day of session, the Senate has ratified the bicameral conference committee report on the Go NegosyoAct. It will be transmitted to Malacanang for President Aquino’s approval.

“No amount of words will get the people’s trust back in the Senate,” Aquino said.

“If our countrymen would see that we have been working for them despite the scandals, maybe at some point, we would be able to gain their trust again.”

“With the imminent passage of the Go Negosyo Act into law, small businessmen – micro, small and medium enterprises (MSMEs) are given a much needed boost that will lead to job creation in different parts of the country,” Aquino said.

Aquino stressed the importance of the Go Negosyo Act, saying 66 percent of jobs in the labor force are generated by the MSME sector, which in turn comprises 99 percent of all enterprises in the Philippines.

“The Go Negosyo Act gives Filipinos – from a simple housewife to ordinary employee – a chance to establish their own business that will help sustain their everyday needs and for their families,” the senator said.

The Act mandates the creation of Pinoy Negosyo Centers, under the Department of Trade and Industry (DTI), in each city and municipality around the country. These Pinoy Negosyo centers are meant to make it easier for entrepreneurs to register and start up their businesses, as well as gain access to sources of financing.

In addition, the Pinoy Negosyo Centers will provide courses and development programs, training, give advice on business conceptualization and feasibility, financing, management, capability building, human resources, marketing and other support services.

Meanwhile, the Philippine Lemon Law will provide protection against poorly manufactured cars and other motor vehicles.

The bicameral conference committee has adopted the House version of the Lemon Law, authored by Villar.

“The passage of this Act is timely since vehicles are crucial in present time where mobility is needed to thrive daily, especially for businessmen and entrepreneurs,” said Aquino.

Aside from consumer protection, Aquino expects that the Lemon Law will provide consistent standards of quality and performance in the auto industry.

When a motor vehicle has had a defect that cannot be repaired up to four times, the buyer can have the lemon car, or substandard vehicle, be replaced, or have their money back.  The Act is applicable to motor vehicles purchased only in the Philippines and within a year or 20,000 km, whichever comes first.

 

 

Transcript of Sen. Bam Aquino’s Interview at Kapihan sa Diamond Hotel

On Constitutional Change/Entry on Foreign Ownership on Businesses

A. To be frank, I don’t think we need to change the Constitution. We can actually get the investments even without changing the Constitution. Changing the Constitution is too large an endeavor to do in 2014 right before 2016.

That will probably mean the next president will be the one tackling changes to the Constitution. Alam ko po si Speaker Belmonte is very adamant about it but in the Senate, there’s really not much movement in terms of any constitutional changes.

I don’t think we’ll have that in the next two to three years. Probably the next president will undergo that if that’s the priority of the next president.

In the meantime, if you’re waiting for that before you move, it’s a moving target. We really have to do the reforms that can be done currently within our constitution.

Get the investments in.  In other countries, they have even stricter but they were able to get the investments.

It’s a matter of balancing your incentives, the investments you want to get in the country in the next two to three years.

 

On government Relying Too Much on OFWs Remittances

A. Remittances are big part of our economy and in fact, malaking bagay po siya. We have to thank our OFWs for that.

But the drive to go from consumption to production goes through increasing jobs and supporting enterprise kaya iyon po ang aking pinaka-focus. Kailangan po ng mas may production dito.

That’s why DTI is moving to revitalize our manufacturing sector.

Ang ating BPO industry is trying to go beyond voice and go into other services that it can provide. Definitely, there is a push for jobs and enterprise here and that will actually balance our dependency on remittances.

If you look at our portfolio and the things that we have pushed for, our Microfinance bill, our Go Negosyo bill, our Youth Entrepreneurship bill, lahat ng mga tinutulak natin, it all leads to that.

To try to have a stronger economy here that is more equitable, recognizing our growth and at the same time, making sure this growth reaches the poorest Filipinos.

 

On Controversies Hounding Senate

A. Well ang trabaho ng senador o kongresista ay gumawa ng polisiya at batas para sa kapakanan ng sambayanang Pilipino.

Without PDAF, it really forces you to focus on legislative work. Iyan na ang nagiging focus namin but then again, just because wala ka nang PDAF, it doesn’t mean you cannot engage in programs.

May nagtanong sa akin noon, Senator, paano po ba ibabalik ang tiwala sa Senado ngayong bagsak na bagsak ang tiwala sa inyo?

No amount of words will get the people’s trust back.  It’s really your output and your work. Kapag nakikita na nagtatrabaho ka para sa kapakanan ng tao, maybe at some point babalik ang tiwala nila sa iyo.

We just committed to work hard and make sure na ang mga naipangako natin noong campaign ay gagawin natin.

 

Telcos must Declare Average Minimum Internet Speed on Ads – Sen. Bam

Instead of the ‘up to’ phrase, Senator Bam Aquino wants telecommunication companies to put average minimum Internet speed on all forms of advertisements so as not to mislead subscribers.

“We are pushing changes in advertising. It would be good for our consumers if what is communicated is clearer,” said Aquino, after the hearing of the Committee on Trade, Commerce and Entrepreneurship on the slow and expensive Internet connection in the country.

During the hearing, Aquino said part of the consumers’ dissatisfaction is that flyers and other advertisements claim speeds of up to between 5 to 10 Mbps but experience just the average when they subscribed.

“Why can’t we just advertise the average speed? The one that I will get for 24 hours of the day rather than the one that I will get three or four hours of the day,” Aquino asked.

“In the same way, we ask people selling products to just share the common experience rather than the special experience,” he added.

The senator also wants the average minimum speed to be printed in large fonts instead of fine print so consumers will be properly informed of what they are getting from Internet providers.

Department of Justice (DOJ) Assistant Secretary Geronimo Sy supported Aquino’s call, saying the agency did the same with the budget promo fares by airlines years ago.

“It’s a no-brainer for Telcos to actually adjust their advertising,” said Sy, head of the DOJ’s Office of Competition.

Sy also promised the committee to issue an advisory to Telcos to put average Internet speeds on their advertisements.

In addition, Aquino will push for the amendment of a 78-year-old law making Internet a basic service, giving government greater control over pricing and quality.

“We’ll push for the amendment of Public Service Act which is a 1936 law. We’re talking about the high-tech information age and we’re still using a 1936 law,” said Aquino.

Aquino also called on the National Telecommunications Commission (NTC) to check if indeed congestion is the main cause of slow Internet.

Aquino would also push for added budget for NTC for purchase of added equipment to monitor the Internet service in the country.

Sen. Bam Challenges the Me-Generation to be We-Generation

Senator Bam Aquino challenges the youth, known as the ‘me-generation’, to prove that they’re more than just selfies and gimmicks by engaging themselves in nation-building programs and projects.

“Sad to say, the perception is that majority of today’s youth are synonymous with parties, selfies and video games,” said Aquino, chairman of the Committee on Youth.

“The youth must dispel these negative perceptions by actively participating in nation-building initiatives that will help improve the country we live in,” added Aquino.

The senator cited the Gualandi Volunteer Service Program, Inc., a youth-led non-government organization based in Cebu City, which leads the fight against sexual assault of deaf children and women.

The group started the Break the Silence Network Project to help hearing-impaired children and women who are victims of sexual assault.

The senator also mentioned the Tagum-based TC Youth Laboratory Cooperative, which teaches youth the value of savings and financial security by “bringing the bank to the schools.”

These two groups were among the winners of the 11th Ten Accomplished Youth Organizations (TAYO) awards last year.

Aquino said other youth organizations would be given a chance to join the circle of TAYO winners, announcing that registration of entries for TAYO 12 is now open until September 30, 2014.

“This is a chance for youth groups that have contributed to the development of local communities, schools and workplaces through innovative and valuable projects to be recognized,” said Aquino, one of the TAYO co-founders.

The senator said search is open to all groups, organizations, clubs and societies whose membership and leadership are composed of at least 15 members 15 to 30 years old.

Interested groups may submit a recently concluded project or an ongoing program. A project entry (or one that started in 2012) must either be completed, or a major portion must have been undertaken by the deadline.

Participants will be judged based on the following criteria: 1. Impact of project entry on stakeholders; 2. Harnessing the spirit of volunteerism and citizenship; 3. Creativity and Innovation; and Sustainability and Effective use of Resources.

To know more about the search, information is available in www.tayoawards.net.

An online entry form can be filled out at the TAYO website. For inquiries, TAYO Secretariat can be contacted through text at 0917 TXT-TAYO (898-8296) or e-mail at tayo.secretariat@gmail.com.

Since its inception in 2002, the TAYO Awards Foundation has successfully gained credibility as an institution that recognizes and supports the outstanding contributions of youth organizations to the country.

It has attracted more than two thousand youth organizations from all over the Philippines to join the search.

The winning organizations will receive a grant of P50,000 that they can use to fund new projects or continue their long-term programs, aside from the trophy sculpted by Mr. Toym De Leon Imao for the event.

TAYO was co-founded by Senator Kiko Pangilinan.

Mindanao has 10 of 16 Poorest Provinces in the Region

Ten of the poorest provinces in the country are in Mindanao, with Lanao del Norte leading the way with a 67.3 percent poverty incidence.

Aside from Lanao del Norte, Maguindanao, Zamboanga del Norte, Saranggani, North Cotabato, Bukidnon, Lanao del Norte, Camiguin, Sultan Kudarat and Sulu also made the list of the top 16 poorest provinces.

The problem exists despite Mindanao’s vast natural resources, which remained untapped until now due to the decades-long conflict in the region.

However, Senator Bam Aquino believes that things will turn for the better for Mindanao with the imminent passage of the Bangsamoro political entity and the ASEAN Integration in 2015.

“The expected approval of the Bangsamoro political entity and the ASEAN Integration in 2015 will turn Mindanao into a magnet for businesses and investors,” said Aquino.

Aquino added that the 1st Mindanao Social Business Summit, which will be held from June 4-6 at the Central Mindanao University in Maramag, Bukidnon, will play a key role in addressing problems hounding the region.

Carrying the theme, “Wealth Creation with Justice and Peace through Social Entrepreneurship,” the summit’s goal is to achieve sustainable peace and prosperity in Mindanao thru social innovation and entrepreneurship.

The summit will advocate for partnerships among stakeholders the need for a holistic support mechanism towards inclusive growth to reduce poverty and discuss the implications of development in Mindanao for social entrepreneurship.

During the summit, Aquino will discuss the importance of inclusive growth and social entrepreneurship in reducing poverty.

A former social entrepreneur before becoming a lawmaker, Aquino will share his experience with the Hapinoy program, which he co-founded, to delegates from the business and government sectors, officials from different universities and other NGOs from Mindanao.

Aquino will also tackle his inclusive growth bills that will help boost micro, small and medium enterprises, leading to creation of jobs and other livelihood for millions of Filipinos.

Statement of Senator Bam Aquino on Janet Lim Napoles

Do we have to thank her for her offer to return the money she stole from us?

Is this our utang na loob to her?

Even if she doesn’t return it initially, in the course of our justice system, we expect to recover the billions of pesos that Janet Lim Napoles stole from the public.

Napoles may be remorseful but it’s too late. Many sectors were deprived of important projects that were supposed to be funded by the billions of pesos that Napoles stole from government funds.

Air-Traffic Controllers Leaving for Greener Pastures Abroad – Sen. Bam

Just like its weathermen, Senator Bam Aquino warned that the country would lose many of its air-traffic controllers due to lack of benefits, ideal working conditions and job security.

“It was brought to my attention that some of our air-traffic controllers have left for greener pastures abroad while others plan to join them if their working situation will not improve in the near future,” said Aquino.

“The exodus of air-traffic controllers will mean another brain drain for the country. Also, it will slow down the operation of airports and hinder the country’s tourism, which has been steadily growing in the past years,” he added.

According to documents submitted to Aquino by concerned employees of the Civil Aviation Authority of the Philippines, about 195 of the country’s 500 air-traffic controllers hired by CAAP from the Civil Aviation Training Center are on job-order status.

“Since the CAAP was created last 2008, no CATC graduate has been issued an appointment or not one became a regular employee,” Aquino said.

“They are hired as air traffic controller assistants but they perform the duties and responsibilities that of a regular rated ATC once they obtain a rating,” the senator added.

The lack of job security has forced five experienced ATC to leave the country for a better job abroad, leaving other ATCs with additional workload that leads to longer working hours.

“This is very unproductive and at the same time dangerous because it causes undue stress to our air traffic controllers. In our job where safety is the top priority, a sound mind and relaxed body is a necessity,” Aquino said.

The CATC cannot provide immediate replacements to the posts vacated by several ATCs because the job requires special skills and time, Aquino emphasized.

Before the situation worsens, Aquino called on the CAAP and the Department of Transportation and Communications (DOTC) to look into the plight of the country’s ATCs before things turn for the worse.

Tax Exemption for Business Virgins – Sen. Bam

Senator Bam Aquino has filed a measure granting start-up businesses tax exemption from operations for two years.

Aquino said Senate Bill 2217, also known as the Start-Up Business Bill, would provide these enterprises the proper time to stand on their own as they try to create a niche in the market.

“The intervention provides the opportunity for these start-ups to get organized, establish their business operations and market base,” said Aquino, chairman of the Committee on Trade, Commerce and Entrepreneurship.

The measure proposes a tax exemption from operations for two years, given that these enterprises are not an affiliate, a subsidiary or a franchise of any existing company.

Also, these start-ups must not have any other existing registered company in case of a sole proprietorship.

“They should have at least five percent share with no nominal stockholders and a in case of a corporation, a venture capitalist should only have up to fifteen percent of total outstanding shares,” Aquino said.

The senator believes that the passage of his bill will legitimize the start-ups’ role in the economy and the acknowledgement of the State’s commitment to innovation.

“Start-ups have the potential to spur and spread such innovation.  As these enterprises have likewise the appetite to take on more risks, they would fuel creativity and challenge existing ways of doing business,” he said.

Aquino added that the growth of start-ups would be beneficial for more Filipinos who have the innate talent of working with limited resources but able to fashion out contemporary ideas.

“Let them grow, and by the end of two years, they will be able to pay the right taxes and join the formal economy,” the lawmaker stressed.

“The idea is not to exempt businesses, but to give them space to grow,” he said.

 

Photo source: startuphyderabad.com

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