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Improved disbursement system can prevent another Obiena row

Ernest John "EJ" Obiena (Facebook photo) MANILA - National sports associations (NSAs) will continue to directly receive the financial assistance due the athletes but must devise a better disbursement system to prevent another case similar to pole vaulter Ernest John "EJ" Obiena. During the hearing of the Senate committees on sports and finance on Monday, Philippine Sports Commission (PSC) Chair William Ramirez said the direct financial assistance to NSAs will remain. "They will be directed to provide a better mechanism accounting, disbursement and handling so the athlete can focus on training," Ramirez said. The Philippine Athletics Track and Field Association (Patafa) has dropped the 26-year-old Obiena from its rolls and has threatened to file estafa raps against the World No. 5 and charges related to the World Athletics' Integrity Code of Conduct against Ukrainian coach Vitaly Petrov. The case stemmed from Obiena's alleged non-payment of Petrov&# ....

William Ramirez , Vitaly Petrov , Committee On Sports , Field Association Patafa , Philippine Sports Commission , Ernest John , Chair William Ramirez , Philippine Athletics Track , Field Association , World Athletic Integrity Code , Philip Juico , Ernest John Quot Ej Obiena Facebook Photo Manila National Sports Associations Nsas Will Continue To Directly Receive The Financial Assistance Due Athletes But Must Devisea Better Disbursement System Prevent Another Case Similar Pole Vaulter During Hearing Of Senate Committees On And Finance Monday , Hilippine Sports Commission Psc Chair William Ramirez Said The Direct Financial Assistance To Nsas Will Remain Quot They Be Directed Providea Better Mechanism Accounting , Isbursement And Handling So The Athlete Can Focus On Training , Uot Ramirez Said The Philippine Athletics Track And Field Association Patafa Has Dropped 26 Year Old Obiena From Its Rolls Threatened To File Estafa Raps Against World No 5 Charges Related 39 Integrity Code Of Conduct Ukrainian Coach Vitaly Petrov Case Stemmed 39s Alleged Non Payment Salary , Hich The Coach Later Said Was Just Delayed Obiena Liquidation Of Expenses Gets In Way His Training And Requested That Patafa Directly Pays Coaches He Had Since Submitted Acknowledgment Letters Signed By Vitaly As Payment For Coaching Fees It Sent Php13 3 Million To From May 2018 August 2020 President Philip Juico Also Joined Hearing Reiterated Earlier Statements Petrov Who Asked Their Assistance Regarding Non Salary Is Currently Europe Competitions Sweden , Nd France He Has Declineda Mediation Initiated By Psc , Aying It Will Be Used By Patafa Quot To Silence Me And Keep The Truth Hidden He Also Said Is Ready For Estafa Charges So Can Finally End This Baseless Witch Hunt Obiena That While Could Have Donea Better Job In Paying His Coaches On Time , Atafa Was Also Partly Responsible For The Delay He Cited Assistance To Cover Training Period From November 2018 October 2019 Amounting Php3 176 Million Approved Bya Board Resolution On June 8 , 019 The Actual Payment Was Made In Five Unequal Tranches With No Breakdown Quot Board Resolution Took Three Months And It Nine To Pay Me Full Amount , Uot He Said During The Hearing Committee On Sports Chair , Enator Christopher Go , Aid The Widening Rift Between Obiena And Patafa Should Be Resolved Immediately Quot We Must Bear In Mind That Our Objective Is For Us To Come Up With Meaningful Recommendations On How Boost Morale Of Athletes , Mprove The Performance In Their Respective Fields , Oster The Relationship Between Various Organizations And Athletes , Nd Ultimately ,

BSP leads stronger bid towards financial inclusion

BSP Governor Benjamin Diokno (File photo) MANILA - Financial inclusion encompasses not just broader access to financial products but provides opportunities even for people in the lower bracket of society to move up the ladder, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said Friday. In his speech during the hybrid event held both virtually and physically for the launch of the National Strategy for Financial Inclusion (NSFI) 2022-2028, Diokno said stakeholders defined what financial inclusion is in the local setting when they launched the original NSFI in 2015. He said the initial program allowed greater public and private sector collaboration towards bringing more Filipinos into the formal banking system. These measures allowed previously unbanked Filipinos to open transaction accounts, obtain loans, invest, and purchase insurance products through the formal financial system. "These initiatives have been instrumental in broadening access to essential financial produ ....

Benjamin Diokno , Bangko Sentral , Financial Inclusion , National Strategy For Financial Inclusion , Governor Benjamin Diokno , National Strategy , Inclusion Survey , Bsp Governor Benjamin Diokno File Photo Manila Financial Inclusion Encompasses Not Just Broader Access To Products But Provides Opportunities Even For People In The Lower Bracket Of Society Move Up Ladder , Angko Sentral Ng Pilipinas Bsp Governor Benjamin Diokno Said Friday In His Speech During The Hybrid Event Held Both Virtually And Physically For Launch Of National Strategy Financial Inclusion Nsfi 2022 2028 , Iokno Said Stakeholders Defined What Financial Inclusion Is In The Local Setting When They Launched Original Nsfi 2015 He Initial Program Allowed Greater Public And Private Sector Collaboration Towards Bringing More Filipinos Into Formal Banking System These Measures Previously Unbanked To Open Transaction Accounts , Obtain Loans , Nd Purchase Insurance Products Through The Formal Financial System Quot These Initiatives Have Been Instrumental In Broadening Access To Essential And Services Turn , Hey Uplifted Lives By Giving The Poor Means To Protect And Grow Their Livelihoods , Mprove Their Well Being , Nd Ultimately , Ake Greater Control Of Their Future , Uot He Said Diokno Other Pluses To The Program Are Implementation Of National Id System And Digitalization Social Protection Benefits Financial Services , Oted That More Work Needs To Be Done Since Quot The Paramount Vision Of Financial Inclusion , After All , S To Foster Sustainable , Road Based Growth That Promotes Shared Prosperity And Opportunities Quot Access To Financial Products Services Must Not Only Be Broad , Ut Also Meaningful Ina Sense That It Opens Up Opportunities For The Man On Street To Move In Life , Uot He Said Diokno Gains To Include More Adult Filipinos In The Formal System Are Being Registered But 2019 Financial Inclusion Survey Showed That 71 Percent Of Estimated 51 Million Target Beneficiaries Remain Unreached By Quot With These Realities And Other Significant Developments Transforming Country 39s Landscape , Ur Vision And Strategy Must Evolve To Reflect New Exigencies , Few Demands , And Opportunities ,