Saturday, October 14, 2006

Entrepreneurial Farmer

Ambrosio R. Villorente

Make Kalibo Airport Beautiful

Over there in Kalibo Airport, Nalook, Kalibo, Aklan, structures are being put on the cement pavement being presently used as parking lot. After this construction is completed, it follows, there is a marked reduction of parking spaces for tourists, private and commercial vehicles.
According to Mr. Percy Malonesio, "the structures when completed will be used as souvenir shops, restaurants and snack houses". Asked if these constructions has a prior imprimatur of high officials of the Air Transportation Office (ATO) Malonesio replied, "yes verbal, so I also consented verbally as I want to please everybody."
Did ATO acquire that piece of land for the purpose of constructing souvenir shops and snack houses? Will the construction of that structure add beauty to the Kalibo Airport and enhance the quest of Aklan to be globally competitive in the field of tourism? Do these structures, under construction, comply with the provisions of the National Building Code and Municipal Ordinance of Kalibo?
If that piece of land which Airport Manager Malonesio has "consented verbally" to be used for private ends because he wants to "please everybody" is a public land, does it need public bidding? Will it violate some provisions of the Anti-Graft and Corrupt Practices Law if awarded to private persons without the benefit of bidding?
Manager Malonesio may consider these above questions . It must be remembered that "no person can please everybody" all the time. It is nice to remember the Chinese proverb: "You asked credit, I no give, you get sore. I gave you credit, you no pay. Better you get sore." Let’s make the Kalibo Airport beautiful.
-o-
Last week, I wrote about the possibility of privatizing Akelco by converting all those who are now members of Akelco into stockholders of an electric corporation. Out of this memberships, they can create an ad interim body to formulate a constitution and by laws for approval. Once a draft constitution and by laws is drafted, then an ad interim members of the Board of Directors maybe elected who in turn will elect their interim officials.
One of the things to include in the constitution and by laws is capitalization, number of stocks to issue and its par value. Should the par value per share is P1,000 and if each stockholder has a minimum of paid one share, then the corporation will have immediately P10 million with the present 10 thousand Akelco members. This amount will represent 10 percent of the P100 million paid up capital.
However, there are hundreds if not thousands of Aklanons who can afford to buy up to between P100,000 to P1 million shares of stocks.
Since this will be a business corporation, those who have majority shares of stocks will be likely to become members of the Board of Directors and become officials of the corporation. Not only that, they maybe the persons endowed with business acumen to provide sustenable, effective and cheaper services.
Unlike in a cooperative, one member, one vote regardless of the number of shares of stocks invested in a cooperative. This is highly inviting to persons whose intention is to enrich himself at the expense of others. Moreover, it will close the door for politicians who may enter cooperative with the view to manipulate business affairs for personal gains. Let us remember, "business is business".
Akelco is in Aklan since 1973, for the last 33 years. As a member of it did any one of us receive any dividend? None. Can we cite a successful coop in Aklan? None. Look at Meralco, a business corporation that deals in the distribution of power. Its stockholders regularly receive stock dividends yearly. Its cost of electricity in Metro Manila is even cheaper than Akelco today.
Come to think of this proposal. EF will be pleased to receive your reaction on this. /MP mailto:madyaas_pen@yahoo.com

No comments: