PFM creates trust fund for private education

Media

Part of The Bicol Star

Title: PFM creates trust fund for private education
Language: English
Year: 1968
Rights
Fulltext: 6 December 14, 1968 Ihcd Star Si Compuesto an Pamayo PFM Creates Trust kan Federacion kan PTA Fund for private Education Si dating presidente kan CS High School PTA, si Ely Compuesto, nakaluwas na paniavo kan bagong togdason na federation kan mga Parent-Teachers Association sa Camarines Sur. Sa sarong mainit na election na ginibo sa Provincial High School, Ciudad nin Naga. An bagong presidente kan Camarines Sur, A’aya City de Iriga City Federation of PTAs iyo man an natutukaw ns presidente kan Naga City Supermarket Labor Union asin vice presidente kan Isarog Council, Boy Scouts of the Philippines. >■ Kaibahan ni Compuesto pagkapili bilang oficial kan bagong kasararoan nin mga PTA iyo sa Jose Bonot (Central Bay), Sofio Barela (Rinconada), Angeles Perpetua (River Bay), Mateo Dalisay (Partido), Deogracias Remo (Secondary High Schools), mga vice presidentes; Leoncio de la Torre, tesorero; Guillermo Carbonel saka Simeon Amoves, mga auditor; Eddie Alanis, Magno Pasadilla saka Domingo Escalante, mga Press relations officers; asin Angel Garchitorena saka Jeremias Aban, mga business managers. Si Magdalena Estefani, sarong maestra kan escuelas publicas, an nginaranan na secretario kan federacion. President Marcos Inst week created a trust fund, roughly amounting to P24 million, for asistance to private education. The creation of this special fund, to be drawn from the 28 million dollar Special Fund for war damage, was embodied in the agreement forged earlier, between the Philippines apd the United States on June 11, 19b8, and authorized by the United States Public Law 88-94. Under this law, a special fund of about t*24 million will be set aside to be known as “Fund for Assistance to Private Education.” U. S. Pledges .. . Bonn during the past three days, made his statement November 22 in commenting on the decisions reached by finance ministers and central bank governors of world’s leading monetary nations. One of their decisions was to accord a 2,000-miffion-dollar credit facility to the Bank of France. The fund created for this purpose will be administered by the Private Education Assistance Committee, composed of secretary of education as chairman and with representatives from the National Economic Council, the Catholic Education, of the Philippines, the Association of Christian Schools and Colleges, and the Philippine Association of Colleges and Universities as members. Marcos Ready to Grant Individual Pardon to Huks Impose Control or Die by JUAN G. FRIVALDO President Marcos has indicated that he was ready to grant pardons to Huks on an "individual meritorious cases, but not in favor of granting general amnesty as proposed by some sectors.” The president spoke during hjs regular “Pakinggan Ang Pangulo” radio-tv weekly series, interviewed by a panel of Manila newspapermen and editors on the peace and order situation and the progress of the administration’s Central Luzon development program. Earlier, he draw a bi-partisan support for his bold program to suspend military operations and ............ ____ _____ _____ entrust in the hands of local, That is why many of our people go to bed without dinner. That executives the task of maintain- ■ ■ ------ -— -e —----ing peace and order drive in Central Luzon. (Continued on page 7 ) To insure the enduring character of the trust fund, the amount shall be maintained intact J>ut may be augmented by donations and other lawful transfers by the Philippine government in a manner consistent with its character as perpetual trust. The fiMM^will bs used to linan^fwograms of assistance to private education utilizing only the "Tough grants or loans for^culty ing and dWelopme _7 in ' scholarships, resaTch grants, faculty incentives, inter-schools cooperative projects and other beneficial progJams. It is about time President Marcos and the Monetary Board impose control or face the danger of revolution. Our country is going to the economic doghouse unless we start immediately protec • ting our own people and our own economy. Foreign manufactured goods that could easily be manufactured in our. country are flooding the Philippines. Machines that could build our small factories are never acquied. That is why we continue buying packaging plants that hardly increase our production. As a result we are languishing into a perennially agricultural country, the proverbial hewers of wood. Our trade balance is continually growing against us. Our overall national progress dips to 2.4% while our population growth soars to 3.2%.f Our per capita income is lower than Japan, Taiwan, Malaysia airiUThailand. That is why the poor in our country is getting poorer, our", rich growing richer. That is why the prices of commodities are rising faster here than in other countries while our labor wages remain stationary, is why our squatters are- mushrooming, seven million of our people are jobless, five million children out orschools. This trend cannot continue for long. A povetty stricken people may lose their patience someday and rise Even affluent France, Gemany and Bahamas are swirling in demonstrations. Hjw much more the poor Asiatic buffetted by uncontrolled population growth. Students in many countries are restive. Philippine youth are not that stupid not to realize what is happening in other countries, nor not^to know the misery of the Filipino people. The tragedy is that this economic plunge to trouble could be easily arrested, if we only would try. The Central Bank, the Monetary Board and Malacanang has all the powers to institute economic reforms without need for additional legislations. For instance, the Central Bank can announce that in two years no more than 50% of the usual dollars would be allowed to buy spare parts.’ You can bet your soul that Filipino and foreign capital will race to put up factories to supply us with spark plugs, generators, axles, etc. Today look at the stupid spectacle of 35 vehicle assemble plants in Manila area. Yes, a small country like ours has 35 assem bly plants. earnings through grants * Here is another example. Malacanang and Central Bank can nr InnnQ TnfjB^culty train-^announce that beginning 1969 only 80% of the usual dollars would ^opment he allowed to, buy powdered milk; in 1970 another cut of ,20% is ■ • applied till we trraduallv eliminate milk imparts. Just you watch big dairy plants come uo in our country. Watch our people pamper their cows like babies. But look at our stupidity today. We throw P450 million to subsidize tobacos which is a vice and notdas centavo to milk. Spare parts and milk are just simple examples of how we can protect a young industry and encourage new ones. Here is another example. Baby hand agricultural tillers ace here to stay. It will eventually replace c t"rabao in our fields. Yet what do we do? We just sit smug and. importing all our hand tillers from Japan when all the small fra'efSfi we need could easily be manufactured in our country. India and Taiwan are now manufacturing their own hand tractors. Everybody knows that the Philippines attained unprecedented industrial progress during the import control days. Factories sprung / up, production increased. Since full decontrol wa? instituted, our economy gradually went .down, Marcos made it (worse. America, Japan, England, Israel applied Jtheir own controlEven Australia impose milk tarnfs on New Zealand, her former daughter. Even the common market is nothing but a tall tarriff wall. But the Philippines lives on the hollow pride of free enterprise on an empty stomach. Masba'e Diocese is notv independent as lono as < VV L concerned. The newly-elected officers forming the Masbate CWL diocesan board, posed for a picture with the bishop, Mpns. Porfirio R. Iligan, 1J D. The of Heers are in the front row. From left to right: Mrs. Nimia Pal’asigue, Mrs. Rosita Rosales, Mrs. Chuchi Bayot, Masbate diocesan president, Mons. Iligan, Fr. Jaime de los Santos, Mrs. Nestora Benetua, CWL national president, Mrs* Virginia Mahalac, Sorsogon diocesan p esident, and Mrs. Conchita Allarejos. Mrs. Chuchi Bayot CWL 1st. President Let me repeat, our economic train is running headlong into a crash. That is why the government is forced to resort to police state, to use the PC to repress discontent, to strike fear into our people to appease their economic difficulties. It is about time President Marcos wakes up to the exploding crises. Not so much for himself and our generation but for heaven’s sake, for our children and those yet unborn. Mrs. Chuchi Bayot became the first CWL diocesan president of the diocese of Masbate last November 17th after the organizational meeting that was held here in the Cathedral of St. Anthony de Padua’s Rectory Hall. The affair was graced by the presence of Most Rev. Porfirio R. Iligan. Bishop of Masbate, Mrs. Nestora Benetua, CWL national president, Mrs. Rosita Rosales, CWL national board member, Mrs Virginia Manalac, Sorcesan secretary and Mrs. Conchita Altarejos, Sorsogon CWL treasurer. The officers of the different CWL parochial units all over the diocese . were present despite the inclement weather. They braved the typhoon signals just to be present in that memorable affair. The officers elected that compose the Masbate CWL Diocesan Board were: Mrs. Chuchi Bayot, President; bon, Secretary; Mrs. Norma Bajar, Treasurer. Board Members are: Mesdames Remedies Clemente, I?e Gabriel, Soledad Curimao, Rosita Delmundo, Clotilde Abelita, Mercedes Lorena, Generosa Jingco and Milagros Malaya. After the electiop, Bishop Porfirio R. Iligan, D.D. solemnly inducted the newly-elected officers in the cathedral of St. Anthony de Padua, assisted by Mrs. “ — ------ D— Sanitary Inspector Association of the Philippines Camarines Sur Chapter 36 (S IA P) Mr. Florentino Cledera was elected president of the Sanitary Inspectors Association of the Philippines, Camarines Sur Chapter, during' the election last November 29, 1968 held in the Office of the Provincial Health Officer. Others elected were: Juatiniano Abiog, Vice president; Arsenio Zaldivar, Auditor; Roman Lagatic, Rus. Manager: Ramon P. Sanchez Benjamin C. Naval and Rodrigo Cordova were appointed Secretary and Treasurer, respectively. For the Board of Directors: Resurreccion Brugada, Alejandro B. Baldemor for Central Bay; William Estrella, Santiago* Constantino for Riverside; Arturo Gernale, Manuel Malonda for Partido District, Nilo Mendez and Melquia les Brazal for Rin