Ang Caviteno Newsweekly October 22-28, 2018 Issue | Page 8

Pathetic antics ... p. 4
For your
printing
requirements
VOLUME XXXV
No. 15 Oktubre 22-28, 2018
P6.00
For quotation
request, please
contact us at
[phone]
or email us at
sinagprinting@
gmail.com
President Duterte graces Cooperative
Movement in the Philippines’ 103rd anniversary
By PCOO-PND
MALACAÑANG -- President
Rodrigo Roa Duterte on
Wednesday,
October
17,
recognized the importance
of the role cooperatives play
in nation-building, noting
they are vital partners of
government in development.
“As we mark this milestone,
may
our
cooperatives
continue
to
demonstrate
the time-honored spirit of
‘bayanihan’ by promoting
a deeper sense of solidarity
and cooperation among your
members and beneficiaries,”
the President said in his
speech during the 103rd
anniversary of Cooperative
Movement in the Philippines.
“Let us sustain our reforms
and march on towards the
realization of our individual
and collective aspirations,”
he said.
The
Chief
Executive
underscored the importance
of coops in the country’s
progress. “Nation-building is
no easy task, and it is not the
responsibility of government
alone. That is why, we are
here fortunate to have the
cooperative movement as our
partner in this endeavor.”
During his speech, the
President
also
touched
other issues that confront
the country today, and the
government’s thrust to solve
these predicaments such
as the fight against illegal
drugs,
corruption,
and
criminality.

President
Duterte
Renewed
Commitment
to Protect the Uniformed
Personnel

Meanwhile, President
Duterte graces the Armed
Forces of the Philippines’
49th Anniversary of the
Office of the AFP Sergeant
Major and the 22nd Non-
Commissioned Officers Day.

The Chief Executive,
during his speech, reiterated
his commitment to the
security forces that he would
protect them as long as they
perform their duty under the
law.

“I am not after any
personal loyalty. Just focus
on your loyalty doon sa flag,
continue to page 2
BOI investment approvals
up 19% for Jan-Sept 2018
By BOI
MANILA -- The Philippine
Board of Investments (BOI),
the country’s primary industry
development and lead investment
promotion
agency,
posted
investment approvals worth
Php454.8 billion for the first nine
months of 2018, a 19.3 percent
increase compared to the same
period last year where it reached
Php381.2 billion.

“Investor confidence in
the country remains high. The
Philippines continues to attract
more investments because the
economy is strong enough to
withstand challenges on both
the domestic and international
fronts,” Trade Secretary and BOI
Chairman Ramon Lopez said.

He said that with
the Implementing Rules and
Regulations (IRR) of the expanded
Ease of Doing Business Act soon
to be out and the roadshows
of the Strategic Investment
Priorities Plan (SIPP) already in
full swing, the government will
able to sustain its gains as “we
continue to enact the necessary
reforms and programs that would
further ease business processes
and make business more efficient
which creates more jobs for our
countrymen.”

“After
the
record-
breaking investment approval
figure of Php617 billion in 2017,
the agency is still pretty confident
of hitting its investment target
of Php680 billion for this year.
As of September, we are already
surpassing expectations with
already two-thirds of our year-
end target and the rest of the year
should be pretty exciting and
challenging due to the deluge of
big projects in the pipeline. We are
just exercising due diligence to
ensure that these projects comply
with the necessary requirements,”
Trade Undersecretary and BOI
Managing Head Ceferino Rodolfo
said.
Approved
foreign
direct investments (FDIs) of the
agency are also on the upswing
as it reached Php37 billion as of
September 2018, a 196 percent
continue to page 2
President Rodrigo Roa Duterte greets the leaders from various cooperatives during the 103rd anniversary celebration of the
Cooperative Movement in the Philippines at the Malacañan Palace on October 17, 2018. SIMEON CELI JR./PRESIDENTIAL PHOTO
DSWD receives seized goods for families
new t-shirts.
affected by ‘Ompong’
In order to assure that the items
By Lucia F. Broño
MANILA-- The Department
of
Social
Welfare
and
Development (DSWD) received
shoes, brand new and used
clothing that were seized by
the Bureau of Customs (BOC)
last month for distribution to
families affected by Typhoon
Ompong.
DSWD
acting
Secretary
Virginia N. Orogo and DSWD
Undersecretary for Disaster
Response Management Group
Hope V. Hervilla received
the seized goods from BOC
Commissioner Isidro Lapeña
and District Collector Atty.
Erastus Sandino Austria at the
BOC warehouse at the port
area in the city of Manila. The
items which were turned over
included two containers of 130
bales of used clothes, 32 boxes
of new shoes, and five bales of
will not pose health hazards,
DSWD and BOC personnel held
a one-week inspection to check
all the items, especially the
used clothing, before turning
over the items for distribution
to ‘Ompong’ survivors in the
northern parts of Luzon. The
items will also be subjected for
fumigation to ensure the safety
of the recipients.
“We are very thankful for the
continue to page 2
(From left to right) DSWD Undersecretary for Disaster Response Management Group Hope V. Hervilla and DSWD acting Secretary
Virginia N. Orogo accept seized goods from BOC Commissioner Isidro Lapeña and Port of Manila District Collector Atty. Erastus
Sandino Austria. (Photo courtesy of DSWD)