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Tuesday, October 29, 2024

DepEd partners with IBP to provide legal aid for teachers nationwide


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The Department of Education (DepEd) and the Integrated Bar of the Philippines (IBP) signed a Memorandum of Agreement on Monday to provide free legal aid to DepEd teachers and personnel across the country.

Witnessed by representatives from DepEd Teachers Union (DTU), Alliance of Concerned Teachers (ACT), and Teachers' Dignity Coalition (TDC) during the ceremonial signing, the partnership with IBP will give public school teachers and school-based non-teaching personnel access to legal advice and assistance in disputes and other legal concerns.

“We're happy to note na itong legal assistance memorandum that we're signing with the IBP, not only will benefit our teachers but also our school-based non-teaching personnel. So these includes administrative officers, accountants, clerks, and bookkeepers all over the Philippines. So that will benefit not only the 800,000 plus but the 100,000 plus non-teaching personnel,” Angara said.

Angara noted that the partnership with IBP marks another milestone in DepEd’s efforts to support the welfare of teachers —one of the directives of President Ferdinand R. Marcos Jr to the agency.

“Hindi hanggang puri lang ang binibigay natin sa ating teachers, kundi tunay na serbisyo, tunay na public service, at pag-appreciate sa kanilang binibigay sa ating mga mahal sa buhay,” Angara said, noting that public school teachers will benefit from the expanded career progression and medical allowance initiative of Pres. Marcos Jr.’s administration.

Angara also noted a personal connection, sharing that his father, former Senate President Edgardo Angara, served as IBP President in 1979.

IBP President Atty. Antonio C. Pido, Executive Vice President & Governor for Western Mindanao Atty. Allan G. Panolong, and other top officials of IBP welcomed the initiative, which they said aligns with IBP’s commitment to community service and supporting Filipino educators.

“Ngayon po sa term ni Secretary Angara, malaki po ang pag-asa ng mga guro na hindi na magiging hand-to-mouth existence ang compensation ng mga public school teachers,” Atty. Pido said.

AIA Philippines expands Hope for the Breast program, offering free breast cancer screenings in various cities in Metro Manila


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With over 27,000 women in the Philippines diagnosed with breast cancer in 2021 alone, the need for early detection and treatment has never been more urgent. AIA Philippines, formerly Philam Life and one of the country’s largest life insurance companies, is tackling this challenge head-on by recently bringing its free breast cancer screening program Hope for the Breast to Quezon City.

A key component of the Hope for the Breast program is Hope Mobi Clinic, a partnership between AIA Philippines and The Medical City, which offers free breast cancer screenings and comprehensive treatment support to Filipino women. Equipped with advanced mammography technology, this clinic-on-wheels travels to communities, eliminating barriers of cost and distance that often prevent women from accessing this vital healthcare service. Since its launch last year, Hope Mobi Clinic has become a crucial resource in the fight against breast cancer across the Philippines — with 1000 women in San Juan, Pasig, and recently Quezon City benefitting from these free screenings.



"It's inspiring to see how the Hope Mobi Clinic is empowering women to take charge of their health. By bringing these vital services directly to their communities, we're breaking down barriers and making early detection a reality for more Filipino women," said Melissa Henson, AIA Philippines Chief Marketing Officer. "We're dedicated to supporting them every step of the way, to help them feel secure and confident throughout their health journey."

Women diagnosed with breast cancer through Hope Mobi Clinic will also have access to The Medical City’s network of specialists and treatment facilities, ensuring they receive the best possible care. "Our partnership with AIA is unique because it combines their expertise in insurance and financial support with The Medical City's commitment to providing high-quality healthcare," said Dr. Beatrice Tiangco, Director of Augusto P. Sarmiento Cancer Institute, at The Medical City.

The impact of Hope Mobi Clinic is best illustrated through the story of Shirley, a senior citizen resident who called the program "a godsend." After receiving a malignant diagnosis, she shared, "I knew I had to fight for my health. The Hope Mobi Clinic provided financial assistance and incredible support throughout the entire process, allowing me to get the treatment I needed. Now, I'm on the road to recovery."

Shirley's key takeaway from her experience is the importance of prioritizing one's health and making informed decisions for oneself and one's family. Her message to other women is clear and powerful: "Please don't be afraid. As women, we have nothing to fear about breast screening. In fact, early screening is crucial in protecting our health."

Aligned with its mission to empower Filipino families and help them live healthier, longer, and better lives, AIA Philippines offers insurance solutions that provide innovative, affordable, and relevant health and life protection to address Filipinos’ most feared illnesses. AIA Breast Cancer Protect Life* offers a P50,000 payout upon diagnosis of breast cancer, alleviating financial burdens associated with treatment. The coverage also extends to loved ones, providing a financial cushion in the event of the insured's passing from breast cancer within the policy year. For as low as PHP 450 a year*, it can only be purchased online at https://www.aia.com.ph/content/ph-wise/en/buy-online/breast-cancer/index.html.

For more protection, AIA also offers AIA Critical Protect 100, a critical illness insurance plan that protects customers against 100 major and minor illnesses, including breast cancer, until age 100*.

Health education is also key, and AIA Philippines recognizes the vital role of barangay health workers in raising awareness about breast cancer within their communities. These dedicated individuals are instrumental in encouraging women to participate in the Hope Mobi Clinic screenings.

"At AIA Philippines, we're passionate about helping Filipinos live healthier, longer, better lives. And we know that starts with giving them the resources and support they need to prioritize their well-being," said Henson. "Together, we can combat breast cancer in the Philippines through early detection and accessible treatment, building a healthier future for all Filipinas.”

The Hope Mobi Clinic is set to continue its scheduled screenings in various partner LGUs, bringing hope and healing to communities across the Philippines, one screening at a time.

*Brief product description only. Terms and conditions apply.

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About AIA Philippines

AIA Philippines (AIA Philippines Life and General Insurance Company, Inc.) is one of the country’s largest life insurance companies. Originally established on 21 June 1947 as Philam Life (The Philippine American Life and General Insurance Company), AIA Philippines has earned the trust of customers for its financial strength, strong brand name, and ability to deliver on its promises. Today, AIA Philippines is a member of AIA Group Limited, the largest independent publicly listed pan-Asian life insurance group, which operates in 18 markets across the Asia-Pacific region.

AIA Philippines has PHP266.75 billion in total assets and PHP72.54 billion in net worth1 as of 31 December 2023 while serving nearly 1,200,000 individual policyholders and almost 1,000,000 insured group members.

Based on the Insurance Commission results as of 31 December 2023, the combined total premium income of AIA Philippines and BPI AIA was at PHP27.93 billion.

AIA Philippines understands the needs of its customers and provides holistic solutions that include life protection, health insurance, savings, education, retirement, investment, group, and credit life insurance. Its subsidiaries include BPI AIA Life Assurance Corporation (formerly BPI-Philam Life Assurance Corporation), its bancassurance arm; AIA Investment Management and Trust Corporation Philippines, its trust company managing its local funds; and MediCard Philippines, its wholly owned health maintenance organization (HMO) company.

About AIA

AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets – wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR , Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, New Zealand, the Philippines, South Korea, Sri Lanka, Taiwan (China), Vietnam, Brunei and Macau SAR , and a 49 per cent joint venture in India. In addition, AIA has a 24.99 per cent shareholding in China Post Life Insurance Co., Ltd.

The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is a market leader in Asia (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$286 billion as of 31 December 2023.

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia, AIA serves the holders of more than 42 million individual policies and over 18 million participating members of group insurance schemes.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock codes “1299” for HKD counter and “81299” for RMB counter with American Depositary Receipts (Level 1) traded on the over-the-counter market under the ticker symbol “AAGIY”.

About BPI AIA

BPI AIA LIFE ASSURANCE CORPORATION is a strategic alliance between two leading companies in the country – AIA Philippines and Bank of the Philippine Islands (BPI). AIA Philippines is the premier life insurance company in the country and the market leader for over 70 years. BPI is a leading universal bank with over 170 years of experience in the local banking industry and an extensive branch network of more than 700 branches and 2,000 ATMs and CAMs.

BPI AIA’s professional and expertly trained Sales Executives are assigned in BPI branches nationwide or work remotely using digital tools to render financial advisory services that address customers' financial and protection needs.

With the combined expertise and resources of the two trusted companies, BPI AIA policyholders are assured that their insurance is backed by financial strength and stability.

Liquidation in Crypto Futures, from Factors to How It Works


 Learn about liquidation in crypto futures trading, from what the contract is to how it works. This article discusses the factors that cause liquidation, the process, and the importance of risk management for traders to avoid financial losses. Discover strategies for success in the world of crypto futures!

A futures contract is an agreement to buy or sell an underlying asset at a specified price at a specified date in the future. This is a type of derivative contract. These contracts are important in financial markets as they provide traders with opportunities to hedge or speculate.

In this article, we will discuss this type of trading about crypto liquidations and try to understand why crypto liquidations are a valuable tool.

Understanding Crypto Liquidation in Futures Trading

Crypto liquidation in futures trading is about closing positions to balance the initial trade. If a trader has a long position, meaning they want to buy the asset, they must sell the contract to liquidate it. Conversely, if they have a short position, meaning they want to sell the asset, they must buy back the contract to complete the liquidation.

Crypto liquidations are common in futures trading, but traders should think carefully about the effects. This includes looking at how leverage can affect trading results.

Not knowing how crypto liquidation works can lead to major financial losses, especially for new traders who may not fully understand futures trading. In other words, traders who do not know when and how to manage their positions risk liquidation.

Basics of Crypto Liquidation in the Market

Crypto liquidation in futures trading depends on margin requirements. When you trade futures, you must deposit a percentage of the contract value as a margin. It serves as collateral to cover possible losses.

When the price of the underlying asset changes, margin requirements also change. If a trade goes against you and your margin account falls below a certain level, known as maintenance margin, you will receive a margin call.

How Crypto Liquidation Works in Futures Trading?

Liquidation in futures trading occurs for two main reasons:

1. The first reason is voluntary crypto liquidation. Here, a trader decides to close a position before the expiration date of the futures contract. They may do this to take profits, limit losses, or change their trading strategy based on market analysis or risk appetite.

2. The second reason is forced liquidation. This occurs when a trader's margin account falls below the required maintenance margin level. This usually happens because the price of the underlying asset has fallen. In this case, the brokerage firm can sell the trader's position, no matter what their investment plans or outlook.

Crypto Liquidation Process for Traders

The liquidation process for people trading in the futures market has several steps. When a trader wants to close their position or if they get a margin call, the first step is to place an order against their current position. For example, if a trader is long on a futures contract, they would need to enter a sell order for the same type and number of contracts.

Profits go to the trader's trading account, while losses reduce the margin account. Traders need to keep an eye on their margin levels, especially during difficult market conditions. This helps them avoid forced liquidation and major financial losses.

Factors Leading to Liquidation in Futures

Several things can cause the liquidation of a futures contract. This affects both long and short positions. One major factor is that large changes in the price of the underlying asset can lead to large losses and margin calls.

High liquidity in the futures market can exacerbate this. Even small price changes can cause large fluctuations.

Changes in interest rates can affect the costs associated with futures positions. This can affect how profitable the position is and may lead to liquidation. It is important to know that futures trading uses leverage. This means that profits and losses can be magnified.

Traders should think about market risk, interest rate changes, and their risk tolerance. This will help reduce possible liquidation risks.

Conclusion

Knowing about crypto liquidation in futures trading is the key to success. When you understand the basics, you can move through the markets better. You can use risk management techniques is important.

Understanding trading strategies will also help you to avoid unwanted liquidations. By focusing on timing, predicting trends, and taking advantage of market changes, traders can make better choices.

Bitrue can help you do research before trading crypto futures. You can study before buying futures BitcoinEthereumSolanaXRP, and other crypto tokens. Also, find out how to convert prices from Ethereum to USD and other tokens easily on the Bitrue website.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.
 
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