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People's Journal

People's Journal

Pacquiao can still pull off KO -- Roach

FREDDIE Roach on Tuesday said the only way for Manny Pacquiao to look impressive against Australia’s Jeff Horn on July 2 is to score a knockout.

“I do believe we can knock this guy out. We have the tools to do that,” he said in his first-ever appearance at the weekly Philippine Sportswriters Association (PSA) Forum at the Golden Phoenix Hotel near Mall of Asia.

Roach said scoring a knockout at the Suncorp Stadium in Brisbane will help Pacquiao sell his remaining fights.

Pacquiao will turn 39 in December and with his senatorial duties, retirement can’t be too far away.

Roach is still hoping that a rematch with Floyd Mayweather Jr. will take place before the end of the day.
    
“I think Manny will have to look good in this fight to get to Mayweather because if  Mayweather is deciding whom he’d fight next I’d like that to be us,” said Roach during the forum presented by San Miguel Corporation, Golden Phoenix Hotel, Accel, and the Philippine Amusement and Gaming Corp.
    
Mayweather is enjoying his retirement from boxing but has hinted many times that he might soon fight again and seek his 50th win inside the ring, and it could be against UFC superstar Conor McGregor.
    
“I’m looking to please all the fans and the way to do that is score a knockout. If he (Pacquiao) has lost the killer’s instinct I’d like that to come back” said Roach.
    
Training for the Horn fight kicked to high gear also on Tuesday with the inclusion of Mexican Adrian Young (24-3) as Pacquiao’s new sparring partner.
    
Since two Saturdays ago, the 38-year-old Pacquiao has sparred 20 rounds against two Filipino boxers.
    
“We have a new sparring partner from Mexico. It will be interesting,” said Roach, who bared plans to move the camp to General Santos City on Sunday.
    
He maintained his suggestion that Pacquiao should leave for Brisbane at least 10 days before the fight and not seven days as the boxer wants.

  • Published in Boxing

Contractors urged to back labor inspection

Labor Secretary Silvestre H. Bello III urged local service contractors to help in the nationwide inspection of establishments’ compliance with labor laws by being part of the pool of volunteer assessors.

In his message to the founding anniversary of the Philippine Association of Legitimate Service Contractors last week, Bello said DoLE is deputizing members from labor and management sectors to help in assessing business establishments’ compliance to labor laws.

“Since we lack inspectors, we are requesting both labor and management, including your group, to nominate so that you can be part of our inspection team,” Bello said.

He added that there are only 525 Labor Laws Compliance Officers (LLCOs) conducting inspection and assessment for more than 900,000 business establishments in the country.

“Even if we include the additional 200 plantilla positions given by the President, the figure is still inadequate to inspect business establishments in the country. So, with your help, along with those from the labor and management groups, we can see to it that compliance with the labor standards will be strictly observed,” Bello said.
    
DoLE, through an administrative order, has already set the qualifications and requirements for workers to be part of its assessment team for labor laws compliance.
    
Under the order, only qualified members of legitimate labor organizations, labor associations, chartered locals, national union/federation, accredited integrated professional organization/accredited professional organization, non-government organization, and employer’s organization, may participate in the assessment activities, including attendance to mandatory conferences.
    
The qualified members will also be obliged to attend training programs set by the DoLE. Only those who will successfully complete and pass the program can be issued with the ‘Authority to Assess’.
    
The authority has a validity of until the end of the year and may be revoked if a threat or coercion of workers, or any other ground prejudicial to public service, were found by DoLE.
    
“This commissioning of labor and employers groups representatives is one of our strategies to curtail the practice of ‘endo’ and other illegal forms of contractualization,” said Bello.

Fuel marking to stop oil smuggling

The mandatory fuel marking system under the proposed tax reform measure is expected to curb the about P26.9 billion to P43.8 billion loss in government revenues due to oil smuggling.

The Bureau of Customs plans to conduct the competitive bidding for the procurement of the fuel marking system in the near term for approval in the third quarter of 2017 and implementation by January 1, 2018, Finance Undersecretary Karl Kendrick Chua said in a statement.

Fuel marking is part of the Tax Reform for Acceleration and Inclusion Act, which is now being deliberated in the House of Representative and which Finance officials hope to be approved before the sessions adjourn on June 2.

Chua said cost of the five-year fuel marking program is estimated to be recovered in its first year of implementation.
    
He noted that Asian Development Bank has estimated revenue lost from oil smuggling to be around P37.5 billion while oil industry estimates pegs it around P43.8 billion.
    
Also, the Institute for Development and Econometric Analysis estimates that smuggled gasoline accounts for around 23 percent of gasoline consumption from 2000-06 while smuggled diesel account for 6 percent on the average, he added.
    
Latest revenues from petroleum products totaled to P52.56 billion.

PDIC still processing RBRI depositors

The Philippine Deposit Insurance Corporation announced that deposit insurance claims from depositors of the closed Rural Bank of Ragay (Camarines Sur), Inc. who have not filed their claims may be filed at the PDIC Public Assistance Center, 3rd Floor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino Street, Makati City until April 22, 2019. Claims may also be filed by mail.

When filing deposit insurance claims at the PDIC Public Assistance Center, depositors are required to submit directly to PDIC their original evidence of deposit and present one (1) valid photo-bearing ID with signature of the depositor. It is recommended, however, to bring at least two (2) valid IDs in case of discrepancies in signature. Depositors may also file their claims through mail and enclose their original evidence of deposit and photocopy of one (1) valid photo-bearing ID with signature together with a duly accomplished and notarized Claim Form which can be downloaded from the PDIC website, www.pdic.gov.ph. PDIC reminds depositors to deal only with PDIC authorized officers.

Depositors who are below 18 years old should submit either a photocopy of their Birth Certificate issued by the Philippine Statistics Authority (PSA) or a duly certified copy issued by the Local Civil Registrar as an additional requirement, with the Claim Form signed by the parent. Claimants who are not the signatories in the bank records are required to submit an original copy of a notarized Special Power of Attorney. In the case of a minor depositor, the Special Power of Attorney must be executed by the parent. The format of the Special Power of Attorney may be downloaded from the PDIC website.

In addition, all depositors who have outstanding loans or payables to the bank have to coordinate with the duly authorized PDIC Loans Officer prior to the settlement of their deposit insurance claim.
    
The procedures and requirements for filing deposit insurance claims are likewise posted in the PDIC website.
    
Rural Bank of Ragay was ordered closed by the Monetary Board through Resolution No. 635.B dated April 20, 2017. It is a two-unit rural bank with Head Office located at Tomas Delgado St. cor. Provincial Road, Poblacion Ilaod, Ragay, Camarines Sur. Its lone branch is located in Del Gallego, Camarines Sur.
    
For more information, depositors may contact the Public Assistance Department at telephone numbers (02) 841-4630 to 31, or e-mail PDIC at This email address is being protected from spambots. You need JavaScript enabled to view it. . Depositors outside Metro Manila may call the PDIC Toll Free Hotline at 1-800-1-888-PDIC (7342).

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