Biz group: Money ban bears burden

CITY OF SAN FERNANDO — The Pampanga Chamber of Commerce and Industry Inc. (PamCham) has branded as “an undue burden to business and the economy” the money ban imposed by the Commission on Elections (Comelec).

Under the Comelec Resolution 6988, money ban intends to stop vote buying as the Election Day nears.

The Bankers Association of Pampanga also professed “confusion” over the ban supposedly “covering all” from withdrawing P100,000 and transporting cash of up to P500,000 from May 8 to May 13, 2013.

In its statement, PamCham said: “The chamber understands the intent of the Comelec in preventing vote buying but the money ban will unduly burden businesses and the economy. PamCham notes that there are still a lot of companies whose transactions and payroll are cash dependent. Limiting their access to cash will hamper their operations and will trigger negative repercussions in the macroeconomy.”

PamCham added the chamber hopes Comelec will restudy the resolution and consider the negative effect on business and the economy vis-à-vis the initial objective of curbing vote buying in the last five days before the mid-term election.

PamCham vice-chairman Rene Romero said, in a phone interview with Sun.Star Pampanga, the money ban is “anti-business, is very risky and tantamount to economic sabotage.”

“We in the business sector have been infusing cash to let money flow into circulation. But the money ban, even for just six days, will stop all that. Paano iyun? Gugutumin nila ang mga manggagawa because of the limit when our transactions amount to millions? It is almost equal to economic sabotage when business activities are put under control. While we understand the objective of the Comelec resolution, it is their mandate, together with other authorized agencies and watchdogs, to prevent vote buying. Why burden the private sector with legitimate transactions,” Romero said.

He added that including the money ban in gun ban checkpoints is “very risky and an infringement to one’s privacy.”

“Just imagine checkpoint authorities asking you how much cash you have and inspecting your bag or wallet. Alam naman natin na marami pa rin ang mga hulidap. We in the private sector believe it is an infringement to privacy that is why we think the Comelec should recall the resolution immediately,” Romero added.

A ranking official of the local bankers group, who requested anonymity, shared similar views with PamCham and said the resolution was confusing due to the lack of clear guidelines and official directives from the Bangko Sentral ng Pilipinas (BSP) which earlier assailed the Comelec’s “surprise” money ban.

“We cannot even advice our clients about the withdrawal limit because we have not received any directives from the BSP which is supposed to be the conduit. We have yet to receive clear guidelines. It is confusing and our member banks are at a loss, what with the millions in daily transactions to be affected by the money ban,” the bankers’ group official said.

He added the money ban “may work on personal accounts but not necessarily with big business accounts.”

“Puwede po siguro sa personal accounts but it may not apply to business accounts. The effect, even just for 5 or 6 days on banking, will be enormous. Nakakatakot isipin na walang cashflow even on a Sunday or holiday. Add to that, many of our clients will cettainly invoke their rights particularly bank secrecy. We hope the Comelec re-evaluates the resolution while there is still time,” concluded the bank executive. (Jovi T. De Leon and Ian Ocampo Flora)

http://www.sunstar.com.ph/pampanga/local-news/2013/05/10/biz-group-money-ban-bears-burden-281657

The best getaway destination vacation spot near Manila convenient safe and accessible is Clearwater Beach Resort in Clark Pampanga.

Event organizers and companies in Manila travel out of town to the north to hold their team building events and company outings in a good resort in Pampanga.  Clearwater Resort located in Clark is well regarded as one of the best venues for team building near Manila.

Quiet place for rest and relaxation near Manila, in Subic, Angeles City Pampanga and Clark Philippines is something that residents of Manila travelling to the north for a short getaway are looking for.  Clark is already a popular destination for golfers from Manila.  Clark Freeport offers some of the best golf courses in Pampanga and outshines many golf clubs and golf courses elsewhere in the Philippines.   Clark Pampanga offers many good resorts and hotels for a short trip out of Manila, and Clearwater is one of the best places to relax and unwind for a weekend getaway or a short holiday in Pampanga.

This private resort in Pampanga is a frequently visited vacation spot outside of Manila. Included in the list of resorts highly recommended for families with children visiting Clark Philippines is Clearwater Resort located conveniently in the central business district of Clark Freeport which is accessible from Manila.

Free internet WIFI access is offered to guests of this famous hotel in Clark Pampanga.  Guests can even connect to Internet WIFI service near the white sand beach, by the famous lake of Clark or in any of the picnic grounds around this resort.  This hotel in Clark Philippines is generally considered by Manila residents to be a good place for family trips in Pampanga.

Highly recommended summer vacation destination outside Manila is Clearwater Beach Resort in Clark, a safe and convenient tourist spot that offers natural ambience for visitors to enjoy the outdoors with no stress. Private resort is frequently visited during Holy Week and Easter Holidays for residents of Manila travelling out of town on getaway to the north to unwind and relax in outdoor resort.

During holy week, Easter holidays, Christmas, New Year, Halloween and especially the Clark Hot Air Balloon Festival, Manila residents travel out of town to the north to relax and unwind at this famous resort in Pampanga.   Clearwater Resort is the hotel in Clark that visitors prefer for family bonding and team building outside of Manila.

For inquiries and bookings, <a href=”http://www.clearwaterphilippines.com/contact/index.html”>Please click here to contact Clearwater Resort for inquiries and reservations now</a>

<strong> Clearwater Resort and Country Club, Clark Pampanga </strong>

Creekside Road near Centennial Expo,

Clark Freeport, Pampanga Philippines 2023

(045) 889-5151 0917-520-4403  0922-870-5177

Joanne or Jeremy or Loydha

<strong>Getting to this lake and beach resort in Pampanga Angeles City Clark Philippines</strong>

<em>After entering Clark Freeport from Dau and Angeles City, proceed straight along the main highway MA Roxas, passing the stand-along wine shop called Clark Wine Center on the right, continue to bear right making no turns at all, go past Mimosa Leisure Estate on the opposite side of the road, one will hit a major intersection.  Go straight and the road becomes Creekside Road.  YATS Clearwater Resort and Country Club is on the right just 200m down. </em>

<strong><a href=”http://www.ClearwaterPhilippines.com”>http://www.ClearwaterPhilippines.com</a></strong>

<strong>Manila Sales Office</strong>

<em>3003C East Tower, Phil Stock Exchange Center,

Exchange Rd Ortigas Metro Manila, Philippines 1605</em>

(632) 637-5019   0917-520-4393  Rea or Chay

Email:   Inquiry@ClearwaterPhilippines.com

http://www.youtube.com/watch?v=qngtcg4mmRw

<strong><a href=”http://www.clearwaterphilippines.com/booking/make-reservation.html“>Please click here to contact Clearwater Resort to reserve a venue for your upcoming event now</a></strong>

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

<a href=”http://www.PhilippinesWeddingVenue.com”>http://www.PhilippinesWeddingVenue.com</a>

While in Clark, it might be a good idea to enjoy an evening of wine-and-dine in the fine dining Yats Restaurant and Wine Bar that features an award winning 2700-line wine list.  It is located in Mimosa Leisure Estate of Clark Freeport Zone.  For more information, visit <a href=”http://www.YatsRestaurant.com”>http://www.YatsRestaurant.com</a>

YATS Leisure Philippines is a developer and operator of clubs, resorts and high-class restaurants and wine shops in Clark Angeles Philippines  <a href=”http://www.YatsLeisure.com”>http://www.YatsLeisure.com</a>

While in Clark, one might as well add to the itinerary a visit to the famous Clark Wine Center, the largest wine shop in Philippines which offers over 2000 selections of fine vintage wine from all wine regions, vintages spanning over 50 years covering all price ranges.

<a href=”http://www.ClarkWineCenter.com”>http://www.ClarkWineCenter.com</a>

Looking for famous tourists spots, places to visit and see, relax and unwind in Clark, Pampanga, Philippines?  You may want to check out these sites also:

<a href=”http://www.LondonPubClark.com”>http://www.LondonPubClark.com</a>

<a href=”http://www.HotelClarkPhilippines.com”>http://www.HotelClarkPhilippines.com</a>

<a href=”http://www.ClarkPhilippines.com”>http://www.ClarkPhilippines.com</a>

<a href=”http://www.YatsWineCellars.com”>http://www.YatsWineCellars.com</a>

For jobs and business investment opportunities in the Philippines please visit <a href=”http://www.yilp.com”>http://www.yilp.com</a>

Hot Line for what’s happening in Clark: 045 889-5151 or 0927-940-2669  ask for Loydha

0915-542-6250 (Jeramie)