CMA launches search for COVID-19 resilient microentrepreneurs

CMA launches search for COVID-19 resilient microentrepreneurs

The Bangko Sentral ng Pilipinas (BSP), Citi Philippines, and the Microfinance Council of the Philippines, Inc. (MCPI) have launched its annual Citi Microentrepreneurship Awards (CMA), which aims to recognize the achievements and contributions of microentrepreneurs all over the country. Now on its 18th edition, this year’s CMA has been modified to respond to community needs resulting from the impact of the COVID-19 crisis.

Bangko Sentral ng Pilipinas Governor Benjamin Diokno

Bangko Sentral ng Pilipinas Governor Benjamin Diokno

Citi Philippines CEO Aftab Ahmed

Citi Philippines CEO Aftab Ahmed

Through a virtual launch held via Zoom, BSP governor Benjamin Diokno and Citi Philippines chief executive officer Aftab Ahmed revealed that the 18th CMA will have two components: the COVID-19 rehabilitation support package and the recognition of outstanding microentrepreneurs amid the crisis.

“More than ever, it is vital to sustaining our microentrepreneurs, who provide essential products and services in the “last mile”.  Predominant in low-income areas and serving as engines driving local economies, microentrepreneurs also nurture swathes of the Filipino population depending on them for post-pandemic recovery and rebuilding.   Through CMA 2020, we highlight the creativity and internal fortitude of our microentrepreneurs to serve as a great inspiration,” said BSP governor Diokno.

“We are happy that through the CMA program, we can help microentrepreneurs overcome some of the financial challenges that they are facing and to improve their business proposition, their products, and their services. These businesses need to learn to adapt as well as implement new strategies. This will be particularly important in the coming months as we start moving towards normalization,” added Citi Philippines CEO, Aftab Ahmed.

2018 CMA Regional Awardee for Visayas Rosario Amoroto

2018 CMA Regional Awardee for Visayas Rosario Amoroto

2017 Youth Microentrepreneur of the Year Keith Varias

2017 Youth Microentrepreneur of the Year Keith Varias

The first component focused on responding to the rehabilitation needs of previous CMA winners, with each winner getting a cash incentive of up to ₱50,000 each. Among the COVID-19 rehabilitation support package recipients are the 2017 Youth Microentrepreneur of the Year Keith Gonzales Varias and the 2018 CMA Regional Awardee for Visayas Rosario Amoroto.

On the other hand, the second component will highlight the important role of microentrepreneurs in rebuilding local economies during the COVID-19 crisis. The awards are open to microenterprises with assets less than ₱3 million. Three island group winners from Luzon, Visayas, and Mindanao and two other special awardees, namely the Youth Entrepreneurship awardee and the COVID-19 response champion, will be recognized.

All five awardees should have successfully rebuilt their enterprise to a level that is now contributing to local economies during the COVID-19 crisis while maintaining a healthy repayment record on their loan even as they continue to rebuild their enterprise. Additionally, the COVID-19 response champion should have supported, innovated, or led pandemic response initiatives to help others.

The three-island group winners, the Youth Microentrepreneur, and the COVID-19 response champion will get ₱100,000 each, as well as one-year microinsurance coverage. A National Winner will be selected from the five winners who will be receiving an additional ₱100,000. All winners will be determined by the NSC and recognized in a simple awards ceremony in June 2021.

Through these efforts, the CMA will ultimately highlight role models for aspiring and hardworking entrepreneurs and generate greater awareness and appreciation of microfinance and microenterprise development as a tool for employment generation and poverty reduction.

God answers when we call

God answers when we call

Anyone who knows me will tell you I am not a religious person. I don’t do Bible studies or prayer meetings but I don’t shun them either.

But growing up Catholic, attending a Catholic school all my life, being part of a church choir, and our family being part of Worldwide Marriage Encounter means being told from the beginning how much God is a part of our life and how much He loves us.

Sometimes I forget and wallow in doubt and self-pity and at times I feel helpless and alone in a house filled with furbabies and people and I start to question my worth.

I wrack my brain, chat with my sisters or mom, and search online for answers or solutions. I fight to keep the demons of despair away.

Later at night I curl up in a ball on my bed with the furbabies snuggled against me and I close my eyes and pray. Oftentimes, I don’t even know what to say except … “help, please”. And I try not to cry myself to sleep.

The following day I woke up resolute and determined to get back up on my feet. I go about my day and then I feel a warmth envelope me … like a hug from my dad and next thing I know my phone pings.  Some projects are coming in!

All of a sudden I felt as though a burden was lifted from my chest and the first words out of my mouth were, “Thank you, God!”  My fervent prayer was heard!

And immediately the song Out of the Dark by Gary Valenciano played in my head like prayer and I found myself teary-eyed and singing, my faith restored and reinforced.

 

BDO honors Medalla’s legacy

BDO honors Medalla’s legacy

David Medalla

A LEGACY TO HONOR. David Medalla visited the BDO Corporate Center Ortigas during the inauguration of his sculpture, “Cloud Canyons No. 31,” on August 31, 2019

BDO Unibank honors Filipino artist David Medalla, who passed away on 28 December 2020.

It commemorates Medalla’s legacy with the continued display of his sculpture, “Cloud Canyons No. 31,” at the lobby of its Corporate Center in Ortigas (CCO).

“Cloud Canyons No. 31” found its way to CCO for bank employees, clients, and visitors to enjoy in 2019. Before coming home to the Philippines, it was exhibited in the Hepworth Wakefield Art Museum in England when Medalla was one of the shortlisted artists for the inaugural Hepworth Wakefield Prize for Sculpture in 2016. It is made of Plexiglas tubes, wood, fiberglass, water, soap, and oxygenators, and is part of a series often referred to as the “bubble machines.”

Mara Coson, who oversees the BDO Art Collection, said of Medalla’s passing:

“David Medalla was magnetic. He lived a life that drew people in while he himself could not be contained. He left the world with stories so wild and infinite they can never all be told.

Medalla was born in Manila in 1942, with literary and visual genius uniquely attributable only to his bright spirit. His biography is too vast for a short note and is kept alive by the many who encountered him on his life’s adventures, strangers and friends, periods from explorations of kinetic art in the 1960s and beyond to performances anywhere, and travel whether physical or otherwise. He spent his life around the world, at home everywhere, and still home was also the Philippines, where he died peacefully.

More than ever, we must make sure the bubbles of Cloud Canyons No. 31 continue endlessly and fully in our care—and most of all, welcome to the public to experience these clouds for always. We will do Medalla proud.

When you visit the bubble machine, I encourage you take a moment to wish David the best for his next life, as he dances with ease among the brightest galaxies.”

Holiday Gift Ideas for Your Loved Ones

Holiday Gift Ideas for Your Loved Ones

Not all gifts come in boxes and wrapped in a bow.  If you’ve been busy all year and haven’t found time to finish your Christmas shopping, you are not alone! It’s definitely not too late to get your family and friends something special before the year ends and show them your love.

Since we’re all advised to stay home this holiday season, you don’t have to go out to get these items.  Here are some gift ideas that are just a click away, and that you can order or make virtually and send to your loved ones before the year ends:

A special playlist

If you don’t want to spend money on a present but still want to make it extra special and personal, craft a special playlist for your friend that will make them remember the good times you’ve spent together.

You can also include newly discovered songs or videos that you think they’ll love, or add in a few that you know will crack them up! Don’t forget to label it with a playlist name that’s very specific, quirky, or witty and share it via YouTube or Spotify!

An iWantTFC premium subscription

The holiday break is the perfect time for binge-watching! If your loved one is on the hunt for new shows to follow or intends to catch up with their favorite ABS-CBN show, you should sign them up for a premium, ad-free access to the iWantTFC streaming service, the biggest library of Filipino content! With over 1,000 movies, live channels, full episodes of classic and currently airing ABS-CBN shows, Thai boys’ love shows, and originals, one will never run out of things to enjoy on iWantTFC! Plus, a premium subscription only costs P119 a month.

Tickets to concerts on KTX.ph

Our Grown-Up Christmas ListTreat your loved one and their family to a concert without them having to go out of the house! Let them enjoy great live music while helping others in need by buying them a ticket (P1,200) to the special benefit Christmas concert titled “Our Grown-Up Christmas List,” featuring musical theater royalties Gian Magdangal and Carla Guevarra-Laforteza who will sing songs about “home, love, family, and friendship.”

Access to the show is available for 48 hours from December 24 (8 PM) to December 26 (8 PM).

The Grand Countdown to 2021Your friend can also usher in the New Year on December 31 starting at 7 PM by watching Resorts World Manila’s “The Grand Countdown to 2021,” which will offer performances by Morissette, Jed Madela, Jona, and Jon Santos.

The general admission ticket costs P600 and gives the holder access to the show only, while the special ticket costs P1,200 and gives the holder access to the show and a chance to win exciting gifts.

Digital scrapbook

Instagram carousel posts are a good way to show your appreciation for someone, but why not make it more fun and unique by crafting a digital scrapbook of your favorite photos together? You can DIY your own design and layout using Photoshop or use free templates available online!

Cover of a song you want to dedicate to him/her

In the mood to sing your heart out? Pick up an instrument and give your loved one an intimate performance of their favorite song! If your group or family wants to surprise someone, you can also use a social karaoke singing app like Smule to let you all cover a song separately without sharing a microphone!

Unleash the performer in you and upload the video of your song cover on social media or just send it to your friend for their safekeeping.

Gaming skins or in-game goodies

mobile legends

Got a competitive friend who’s into Mobile Legends or League of Legends? The holiday season is the best time to spoil them by getting their gaming champions or their weapons a festive makeover, or by purchasing them event passes! If you’re not sure what to gift them, you can just send them over currencies in their favorite game.

A personalized video greeting from your loved one’s favorite Kapamilya star

If your goal is to make your loved one shocked or surprised by your gift, you should definitely go for a personalized video greeting from their favorites! Just head over to FanLove.ph, a new online video shoutout request platform that allows you to book a special video message or a song dedication from over 50 Kapamilya stars. You can also enjoy their special holiday promo if you book from 24 December 2020 to 07 January 2021.

Book a personalized video greeting from your favorite Kapamilya artists such as Elisse Joson, Belle Mariano, Loisa Andalio, LouDre, KiaNo, KarJon, FumiYam, and many more by visiting FanLove.ph! For updates, like www.facebook.com/fanlove.ph or follow @fanlove.ph on Instagram and @fanloveph on Twitter.

Useful Christmas gift ideas amid the pandemic

Christmas just wouldn’t be the same without gift-giving. It’s one of the easiest ways to share the love and spark some joy among family and friends. However, with all the challenges we faced this 2020, our priorities have become clearer. So, this Yuletide season, instead of the usual toys or trinkets, you can give your loved ones something useful and significant during these times.

As you prepare for a socially distanced Christmas celebration, AXA Philippines, one of the leading insurance companies in the country, offers some perfect gift ideas for your upcoming monito-monita.

Hobbies and passion kits.

le creuset cookware

Hobbies can help ease anxiety, beat stress, and give joy while helping one spend time in a creative way.

With community quarantines in place, you may know several people who have discovered a hidden talent or hobby during the lockdown. You can cheer on your family or friends as they take on this new skill or hobby by giving them tools or appliances that they may need to pursue their newfound passion.

Some great options include pans, pots, spatulas, or small appliances for the new baker, garden tools for plantitas, or paint sets and brushes for the late-bloomer artist.

As indoor plants continue to be a growing trend, your plantitos and plantitas would highly appreciate these greeneries as many of them find comfort in taking care of them.

Self-care products.

Many people have become anxious about the unprecedented health crisis. Try giving them self-care kits that can lighten the mood and make your loved ones forget their worries. A few therapeutic items you can put in the self-care kit include mandala coloring books, essential oils, chocolate bars, and skincare products.

Home office gadgets.

The pandemic has forced a lot of employees to adapt to a new working environment. This Christmas, you can help them achieve a comfortable workspace at home by giving them essential supplies as gifts. Gadgets, such as a laptop, tablet, or phone, are terrific options. For more affordable budget options, you can also give them computer accessories, file storage, a planner, seat cushion, or other items for their desks. These gifts would surely relieve some stress and increase their productivity at home.

Financial protection.

The pandemic has emphasized the importance of being prepared for life’s unforeseeable circumstances. With all the unexpected situations this year, it would be a great relief to know that there is a way to ensure protection for your future or that of your family. Insurance, for one, can help with this and offer peace of mind.

AXA logoAXA Philippines recently launched MyLifeChoice, an investment plan that can be personalized to your needs and budget.

With AXA MyLifeChoice, not only are you protected for life’s unexpected events, but you also receive an investment fund, which you can use for your long-term goals or for your family.  It may seem unusual, but the gift of security for your family, especially during these times, is something that is valuable even beyond the holiday season.

To know more about AXA MyLifeChoice, visit http://bit.ly/MyLifeChoiceProtect1.

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