Land Bank converts newly acquired Postal Bank to Overseas Filipino Bank

Good news from our government. Timely development since Overseas Filipinos are one of the pillars that support the Philippines.

Malacanan on Monday, October 9, released Executive Order (EO) No. 44, approving Land Bank of the Philippines’ (LBP) acquisition of Philippine Postal Savings Bank (PPSB).

EO No. 44, likewise, authorized PPSB conversion into Overseas Filipino Bank (OFB), which aims to efficiently deliver microfinance and micro-insurance products and services for overseas Filipinos.

“Overseas-based Filipinos, who contribute to the country’s foreign exchange income, currency stability, employment, and overall economic growth through their remittances should be given provision of priority support for their growing financial needs,” EO No. 44 underscored.

Subject to the clearance of the Bangko Sentral ng Pilipinas, Securities and Exchange Commission, Philippine Deposit Insurance Corporation, and the Philippine Competition Commission, the PPSB acquisition via transfer of shares directs the Philippine Postal Corporation, the parent company of (PPSB), and the Bureau of Treasury to move their respective shareholdings in PPSB to Land Bank at zero value.

But prior to the actual transfer of shares, the PPSB is directed to return to the National Treasury the balance amounting to P249.23-million from the P500-million previously released to fund the Project DRIVE (Dagdag Regular Income Via Entrepreneurship) Fund managed by the PPSB.

Further, the PPSB is ordered to expedite the transfer of all its assets, liabilities, records, systems, and other pertinent items to Land Bank.

“In order to strengthen the capital base of OFB and enable the same to attain its primary agenda of servicing the various financial and banking needs of overseas Filipinos, the LBP is hereby directed to infuse the necessary capital of OFB,” EO No. 44 stated.

As for the management of OFB, Land Bank will implement a reorganizational plan, which may cause the detail or assignment of LBP employees to the OFB as may be necessary.

The affairs and businesses of OFB will be managed by a 9-member Board of Directors composed of the LBP President as OFB Chairperson; LBP-designated OFB President as Vice Chairperson; four LBP-designated directors or officers as members; and one representative each from the Department of Labor and Employment (DOLE), the Overseas Workers Welfare Administration (OWWA), and the private sector representing overseas Filipinos, as members.

“The members representing the DOLE, OWWA, and overseas Filipinos shall be appointed by the President,” the EO said.

For those PPSB employees who will be affected by the reorganization, an early retirement incentive plan awaits those who voluntarily retire or may be separated from the service. This is on top of the retirement or separation benefits due to them under existing laws. ###PCO-Content

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Science in daily life: From Camera Obscura to the cameraphone

Now it would be impossible to imagine a world without a selfie. t would be hard to imagine a world without a camera. What would be our world be like without our ability to capture chemically and digitally images?

THE CAMERA OBSCURA

Using lenses an inverted image of a tree can be projected on a surface inside a dark room. Other objects of course could be reflected. This was the Camera Obscura. Aside from the novelty of the technology one of the practical uses was to copy images on a projected surface: A painter would trace the figure and voila! A near perfect depiction of the projected object. And this was the secret of a number of painters.

Of course the projection of an image via the Camera Obscura jumped technologically when it was discovered that you could burn the image on a reactive surface, leaving behind an image of the object. If the simple projection of an image via the camera obscure was in the realm of Physics. The burning or reaction of a surface to the projected image is in the realm of Chemistry. It is an example of how science can provide innovation and improve life.

When the camera boxes came out they were huge and expensive. Interestingly enough the two uses of the camera were in the realm of Science and Arts. Discoveries and phenomena were and are continually recorded by cameras. A number of these cameras were customised for this. The Fish-Eye lens was created to get to see everything in front of you with one shot. The first panoramic cameras were used to take snapshots of a field before and after it was bombarded by mortar fire. Cameras have and are attached to microscopes and telescopes. At the same time when the camera appeared another use was for aesthetic pleasure and purpose. The first cameras were used to recreate and adapt famous art works. Painting both classical and Impressionistic were re-interpreted. Not surprisingly, Painters were initially alarmed with the camera – would the camera replace them? History would prove that they had nothing to fear. Technology does not make one a Picasso. It was up to the skill and determination of the individual to harness and make use of the camera. An often quoted maxim among photographers – its the Indian and not the bow: Its not the technology but the hand that wields it that make it useful and successful.

THE CAMERA FROM CHEMICAL REACTION TO DIGITAL

As time progressed the technology of cameras evolved. Cameras shifted from glass, metal plates, to film and digital sensors. Cameras evolved from large box cameras to pocket-sized cameras able to fit in one’s eponymous pocket (Olympus Pen). Twin-Lens Reflexes, Single Lens Reflex, Range finders, and compact cameras came. Making the art and science of photography everywhere and to anyone. Kodak’s Brownie Camera made thing as simple as possible, just take a shot and bring to the Kodak store and Kodak print those shots for you. A few scores before the beginning of the 2000s the Instant Camera made it’d appearance and negated the need to go to the photoshop. And much nearer the beginning of the 2000s the first digital camera came and soon digital technology would envelope cameras of all sorts. Of course the camera phone handed this technology to the hands of a greater part of the human race – bringing about selfies, selfie sticks, wacky shots, OTD, group shots, flickr and Instagram.

HOW THE CAMERA AFFECTED US AND ITS EFFECTS

The Ubiquity: The Constant Presence Everywhere of the camera from the cameras of photographers, the cameras of satellites in space and the cameras in cellphones and across time has been having a profound impact on Human Civilisation:

Portraits – formal, informal and even post-mortem have recorded and preserved our story. Probably one of the more poignant would be the image and moving image of the extinct Tasmanian Wolf.

Snapshots of Rubber Plantation workers mutilated, as a form of punishment, in the Belgian Congo because of the policy of the Belgian King was one of the factors that led to the worldwide condemnation and eventual dropping of the practice of the Belgian King as the feudal lord of the Belgian Congo.

Artworks produced like: Atomicus featuring Salvador Dali, several cats, water, chairs and other things. Works of Henri Cartier Bresson, Arthur Fellig, Ansel Adams, Diane Arbus, Robert Capa, Eugene Smith and others.

Preserving and Capturing the snapshot of human and nature events from the End of World War II, the Atomic Bomb Explosion; the Eruption of Mount Pinatubo; the foot print of the Astronaut who landed on the Moon: the first snapshot of a human being born; and countless snapshots of each human being with a camera.

CAMERA GOOD OR BAD?

For good or for worse the camera is now one of the essential parts gf Our Society. Whether it be anolog or digital and whether it is a big or a pocket sized, Humans: We use it (i) for enjoyment, (ii) for business, (iii) for research, (iv) for recording, (v) for security, (vi) And for preserving and remembering. It will probably be one of the technology we will have for some time.

Now, The answer whether it is good or bad lies in the hand that wields it.

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Four things to do when a blogger slurs or slams you on line

Bloggers (Those who blogs); Social Media Users (Those who use social media); And Social Media Practitioners (Those who use social media extensively for a political or economic purpose) express their thoughts and opinion under the right of freedom of expression. However, If that right to freedom of expression is abused is there no redress or solution? It is a common misconception that there is nothing that can be done and this dangerously leads to thoughts and notions of supporting state-sanctioned Internet police actions, sanctions, and censorship. There are actually four things you can do if you find yourself being slapped, dropped kicked, slammed or pile drier by a blogger, social media user and social media practitioner.

First, Call out

Answer and call out the slander or any action you see unjust.. If it is done on twitter then answer on twitter. If its done one FB then do it on FB. Of course you have to determine if this is the right way to go or to leave him or her be.

Second, Post and Riposte

For lengthier slander and attacks, You can do a riposte, ie write counter post pointing out the wrongs and falsehoods. Now if it is a valid criticism perhaps you can write a post acknowledging it and probably elucidate how you would go about to rectify what was pointed out. Of course you have to determine if this is the right way to go or to leave him or her be.

Third, Call the community concerned

If the attack happens in any of the following social media platforms like Twitter and Facebook and it falls under any of the statute of the community laws and rules — for example is it hate speech or a criminal act. Then report it to the those who managed the communities for a forum it may be the forum admin or for FB report it to FB itself. Of course you have to determine if this is the right way to go or to leave him or her be.

Fourth, Call the law

Now if the action happens to fall into any of the crime specified in the cybercrime law then seek the help of the authorities and seek legal help. The law tempers freedom of expression with laws protecting the safety, reputation and properties of the individual. Of course you have to determine if this is the right way to go or to leave him or her be.

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