DTI explains pyramiding on
Consumer Welfare Kapihan
TAGBILARAN CITY, October 1 (PIA)--In this age of multi-level marketing, networking and pyramiding which often ends up as scams, a consumer rights advocate gives a hint: if you get rewards from simple registrations, it is pyramiding.
Jose Hibaya, Department of Trade and Industry Bohol consumer services division chief shared that even if there is a product that is being sold or you bought some as investments, the quick money scheme is a tell tale sign that you are in for a dupe.
Speaking at the Kapihan sa PIA Thursday commemorating the Consumer Welfare Month in October, DTI also said that pyramiding and networking companies are technically not in their sphere, because the office is largely tasked to look into single proprietorships, and not corporate entities.
Single proprietorships are locally registered, so there is a better chance for the DTI to keep track of their operations and stop them before these companies could dupe more and more innocent consumers and investors.
Simple sign it is pyramiding, Hibaya illustrated is when by simple registration of your recruits, you get money, or often packaged as commission of product sales.
Although many people defend pyramiding or multi-level marketing, the fact is when you saturate a market with recruits, that is when the base collapses, leaving those at the bottom with nothing while unnecessarily enriching those on the top lines, even if they just sit and relax, a scammed pyramiding shared her experience.
I was asked to put up P3,500, promising that I can get back the amount in a week's time, she added.
She was a victim of a fraudulent investing scam promising high rates of return with little risk to investors, an investment counselor who asked not to be named said.
This is classic Ponzi scheme which generates returns for older investors by acquiring new investors. This scam actually yields the promised returns to earlier investors, as long as there are more new investors, he added.
Over this, he said, "When it is too good to be true, don't," meaning on investment scheme like the one above.
People however are so lured to sweet words and the promise of returns, hefty amounts even with the investor hardly doing anything.
"Of course, when you let go of your money and invest, you have just forfeited your right to information and you just lost the chance to get back the money," the investment guru told.
The DTI said this year's Consumer Welfare Month picks Consumer Protection in the ASEAN Economic Community. (rac/PIA-7/Bohol)
PCA launches P77M cocohub
industry at Balilihan's Sumad
TAGBILARAN CITY, October 2 (PIA)--Philippine Coconut Authority (PCA) hands to Balilihan town, a P77 million coconut processing facility is the government's gift as the town celebrates its 187th Sumad Founding anniversary, September 28.
The facility, which rises in Del Carmen Sur, situates Balilihan as the center of the coconut industry in the province and the Visayas, bared Roel M. Rosales.
Rosales, who is PCA deputy of admin operations chief said the facility will have virgin coconut oil, skimmed milk, coconut flour, coconut water and vinegar as its main products.
Separate sources also revealed that the facility will also work on the coconut processing discards: coir from the husk, novelty items from the coconut shell and other useful by-products.
The idea is to go for high value products from coconut, considering that Bohol is still among the top coconut producing provinces, and that the international market price for copra continues to be erratic and brings in huge losses to farmers, an industry insider said during the project launching.
PCA Roel M. Rosales personally relayed the agency's elation being part of Balilihan's rise through a developed coconut industry which will cater to processing everything that can be had from the coconut.
The facility, while identified as hub for Visayas and Mindanao, will cater to coconut farmers from Catigbian, Antequera, Loon, Sikatuna, Corella, San Isidro, Alburquerque, Baclayon, Sevilla and Batuan coconut farmers, their associations and small cooperative organizations.
Implemented from 2015 to 2019, the coconut hub is funded largely by the PCA at P52.67 million, the Provincial Government of Bohol at P12 million, while MLGU Balilihan and coops and Bohol small coconut farmers pitch in P2 million each, according to the project brief furnished by Provincial Agriculture Office OIC Larry Pamugas.
On the same event, PCA Rosales urged the younger generations to go back and plant coconuts, replace the older coconuts to increase productivity as well as introduce intercropping it with cacao.
We want to make Bohol the model for cacao growing in the country, Rosales said while affirming inter-cropping as best for additional income from coconuts.
Coconut farmers need not be poor, as the industry has many allied possible incomes that can be generated, he said selling the going back to the coconut as the best option for Boholanos.
Towns should follow Balilihan, Rosales urged as he appealed for coconut farmers to unite and raise the industry standards and make children understand teh value of relying on nature's bounty. (rac/PIA-7/Bohol)
RDC wants taxi queuing,
ticketing system at port
TAGBILARAN CITY, Sept 30 (PIA)--If you have felt that inconvenience of the disorderly process of hailing taxis upon reaching Cebu, especially at the vicinity of pier 1, that problem is now being looked into.
The regional Development Council led by Bohol Governor Edgar Chatto has seen this as a potential problem with the region batting for tourist friendly processes.
Without an efficient taxi queuing system, passengers will have to contend with each other in flagging cabs, an open invitation for overcharging, contracting fares and host a lot of problems notwithstanding safety issues.
In the absence of a system, street hawkers most of the time flag down taxis and then demand that they be given tips by the passenger, adding up to the fare. Failure to give in to the barker can sometimes end up messy if not embarrassing, passengers coming in to Cebu via the port have shared.
On the other hand, complaints as to passengers arriving at the port in Cebu having to go through the inconvenience of haggling for a connecting ticket to Bohol, the ticket office being inconveniently located outside the pier.
It is inconvenient and may be the reason why tourists do not find Bohol or Negros Oriental and Siquijor that appealing, noted a resort owner in Panglao who hoped the government could do something about it.
In fact, in its meeting held in Bohol, the RDC has seen the absence of an efficient and visible orderly taxi queuing and ticketing system at the Cebu Port.
This has also been pointed out in various meetings of the council's Economic Development Committee as well as the Technical Working Group on Port Passengers and Terminal Services.
The RDC fears that the problem, when left unattended, can inconvenience passengers coming from and going to Bohol, Negros Oriental and Siquijor who all dreamt of cashing in on the Tourism Central Philippines tag which the former administration picked as a regional strength.
Earlier, the TWG on Port Passengers and Terminal Services has accordingly discussed with the Cebu Ports Authority (CP) as to how arriving passengers at the Cebu Port 1 could be provided with an efficient land transfer service in coordination with the Cebu City Traffic Operations Management.
To formalize it all, the Chairperson of the TWG on Port passengers recommended that the RDC enjoin the CPA, shipping companies, City traffic and the PNP to establish an organized taxi queuing and ticketing system at the Cebu port.
This was the gist of RDC resolution No 28 series of 2015, which the RDC passed June 20 during its meeting here in Tagbilaran City. (rac/PIA-7/Bohol)
K12 center for agriculture
now endorsed for funding
TAGBILARAN CITY, Sept 28 (PIA)--In preparation of a training center for teachers and students taking the agriculture track in the K 12 implementation, Regional Development Council-7 led by Bohol Governor Edgar Chatto pushed for the inclusion in 2016 budget the proposed Bohol Agricultural Training and Research Center (BATRC).
Via RDC Resolution No 33, (s. 2015), the regional council endorsed the P 163.309 million BATRC for funding by the Department of Education, Department of Agriculture and the Environment and Natural Resources in the calendar year 2016-2018.
The lot of the proposed 150 hectares school farm in San Pascual Ubay, is currently owned by the Department of Agriculture and is currently used by the DepEd pursuant to an agreement stipulated by a Memorandum between them and DA signed in 1996.
At this, the proposed funding from the DepEd to complete the project is P139.31, the amount to cover advocacy and social mobilization, infrastructure development. curriculum development and enhancement, acquisition of equipment, hiring of personnel, training and accreditation, research and development and monitoring and evaluation.
Meanwhile, from the DA, project proposed funds for the rehabilitation of farm to market roads, bridges and culverts, trainings on natural farming technology, post harvest handling and food processing which is worth P23.09 million.
From the DENR, a P900,000 fund is proposed for the tree planting component in the site.
The project aims to provide sustainable quality training and research programs on natural farming technology, post harvest handling and food processing, according to the RDC.
When endorsing the project, the RDC argues that the project is supportive of two objectives of the updated Regional Development Plan.
"It improves access to quality education and training through the provision of adequate education facilities and resources while it also builds the capacities of service providers to effectively deliver education services while the center also increase productivity of the agriculture sector through the improvement of the agricultural extension services'" RDC said.
Project proponents eye teachers who would undergo training in the center and senior high school students who would pursue technical-vocational livelihood tracks, which according to an initial DepED survey, numbers approximately in 2016-2017.
Moreover, proponent, Bohol PDC as pushed by its private sector representatives, sees agricultural communities to be able to avail themselves of the center's technical services. (rac/PIA-7/Bohol)