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Thursday, March 16, 2017

"Palit-Ulo" Scheme Revealed in Philippines' War on Drugs


Wazzup Pilipinas!


Ma'Rosa, originally titled "Palit-Ulo" (a term referring to the backdoor exchange usually involving corrupt policemen and captured criminals), actually depicts a reality that is happening in the Philippines. We all know that story in this Indie film by Director Brillante Mendoza is really occurring especially in depressed areas.

“They (communities) told us of the ‘palit-ulo’ scheme which means ‘exchange heads’ where the wife, husband or relative in a so-called drug list will be taken if the person himself could not be found.” - VP Leni Robredo

Vice President Leni Robredo recently revealed that government forces use 'palit-ulo' scheme in drug war. She explained it as "substituting a relative if a drug personality fails to appear." She said that when police are not pursuing suspected drug users and pushers, they are allegedly rounding up innocent relatives of individuals on their drug lists. Relatives are snatched if the drug suspect is nowhere to be found! She seeks help from the international community against these "warrantless arrests."

However, MalacaƱang hit back at the Vice President for misunderstanding the police’s 'palit-ulo' scheme amid the war on drugs. Presidential Spokesperson Ernesto Abella said Robredo’s statements are unfounded. They said that the 'palit-ulo' is to seek assistance from the drug personalities to squeal on a bigger fish in exchange of getting lighter charges. Malacanang said Robredo was misinformed. The Philippine National Police (PNP) urged Robredo to cite specific cases on the so-called “palit-ulo” scheme in the government’s war on drugs. They requested that she should have reported it first to them so they could conduct an investigation. But many are also demanding for her to recant the erroneous information.

Multiple Burden of Pregnancy and Expanded Maternity Leave Addressed by Women Lawmakers


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Multiple Burden of Pregnancy and Expanded Maternity Leave were some of the issues raised by Women lawmakers or legislators at a press conference held in a popular restaurant in Quezon City

Present at the table discussion were former Akbayan representative and Senator Risa Hontiveros , Atty. Joy Anne Lai ( Chief of Staff ) of Representative Emmeline Aglipay -Villar ( Diwa Partylist) and Ms. Asuncion Binos (spokesperson ) of IndustriALL, a multi-sectoral labor right's organization for women.

Some private business owners , Small and medium scale enterprises which composed the bulk of the business in the country will also reap in some benefits . Among the Asean member countries , The Philippines still lags behind Vietnam , Thailand, Singapore or Malaysia for these countries had longer maternity leave compared to the Philippines . Currently , Only 60 days of maternity leave is allowed under the old law and according to researches conducted by SSS and GSIS - The effect on business will be minimal.

" The physical demand of pregnancy alone is challenging. A nine-month pregnant woman carries an average weight of 15 kilos. This is as heavy as a regular hollow block or mid-size microwave oven. Yet,this is but a small fraction of multiple burden of pregnancy ," Hontiveros said.

Wednesday, March 15, 2017

FirstMetroSec Grand Unveiling Highlights


Wazzup Pilipinas!

FirstMetroSec Online is a one-stop-shop online platform for stocks, mutual funds, and other financial services, offering a fast, powerful, and seamless online trading experience to investors with access to the widest range of investment products and solutions.

Last February 22, more than 800 people were in attendance at Valkyrie at The Palace, Bonifacio Global City to witness the company launch three of its latest innovations:

(1) FundsMart – the mutual funds online platform that lets you invest in over 25 peso mutual funds of the six leading fund houses in the country. Invest and redeem mutual funds with no additional paperwork, sales loads, and transaction fees with only one FMSec online trading account.

(2) Margin Financing Facility - Buy securities by only paying for half the cost and then borrowing the rest. It enables you to double your buying power and magnify your earning potential. Pay an interest rate of only 0.9% per month, lower than credit cards and other unsecured loans, plus there are no set-up costs, annual fees, not even repayment schedules. Pay when you want, when you can. Minimum equity amount is P200,000 (gives you buying power to buy stocks up to P400,000).

(3) Enhanced Mobile App - FirstMetroSec Online allows you to trade how and whenever you want using our web and mobile trading platforms. This now allows you to view streaming real-time prices, check your positions and balances, view charts w/ technical indicators, create watchlists, and more. You are always on the go, and so are we! Take your investments anywhere with you. Trade on the go using our free apps for Android and iOs.

Photo caption:

Toast joined by (L-R front row) PSBank President Vicente Cuna Jr., First Metro Asset Management President Gus Cosio, First Metro Securities Chairman Rabboni Arjonillo, First Metro Investments Corp. (FMIC) Chairman Francisco Sebastian, FMIC Director Martin Q. Dy Buncio, First Metro Securities Vice Chairman Robert Yu, Metrobank Senior Vice President Marie Edgette C. Gamboa, and First Metro Securities President Gonzalo Ordoňez. (Back row) Senior officers of ALFM Mutual Funds, Sun Life Asset Management, ATR Asset Management, Philam Asset Management, and Philequity Management Inc.
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