Entrepreneurial Farmer

Ambrosio R. Villorente

Does Lazy People Become Poor?

I strongly agree with President Benigno Aquino III when he vetoed the “Magna Carta For The Poor”. The proposed law did not include any provision which “gives the government sufficient time to provide for the basic demandable rights as provided in the proposed law.

President Aquino specifically pointed to the provision of the said Magna Carta which is “the government shall, as a matter of duty and obligation, provide the requirements, conditions, and opportunities for the full enjoyment of these rights of the poor and which the poor can demand as a matter of right. These include rights to food, employment and livelihood, quality education, shelter and basic health services and medicine”.

Can the Philippines afford to provide food enough for almost 34 million or 35 percent of the Filipinos living below the poverty level? Can the Filipinos afford to provide quality health care and medicine for them? Had President Aquino signed the Magna Carta For The Poor into law, it will hasten mendicancy among the lazy Filipinos.

A famous author once wrote, “Those who do not work do not eat” or they are suckers. The Magna Carta for the poor will reverse the intention of the late US President John F. Kennedy when he said, “Ask not what your country can give, but ask what you can give to your country”. 

According to President Aquino, this year’s national budget of P2.006 trillion cannot even provide for the housing needs alone pegged at five million units.

The Philippines is endowed with much natural resources waiting for her people with willing hands to develop and produce food and marketable products which when marketed the sales of which can be used to purchase all human needs like clothes, medicine and shelter. The Philippines is rich but almost 35 percent of her people live in poverty. They failed to get a fair share of the resources because of laziness, some vices and abuses. Those who work and save part of their earnings enjoy the fruits of their labor. 

The Philippines is floating in a vast area of water abundant with fish, catch it and make use of it. We have fertile lands which are just available for every Filipino to exploit. 

The Magna Carta For The Poor if approved into law and implemented maybe unfair to those Filipinos who labor and made to subsidize, out of their savings, the people who live in poverty. 

What is best for those who have less in life is for the government to inculcate among them the dignity of labor, the virtue of savings and live a frugal life with dignity worthy of a human person.
Losing Habit of AKELCO

Thanks to Ms. Megs Lunn for sharing me a copy of the Akelco “Independent Auditor’s Report” by Balicas, Lamboso & Co., Certified Public Accountants on the Financial Statements.

According to the auditors, the “financial statements present fairly, in all material respects, the financial position of Akelco as of December 31, 2012 and 2011. The Cooperative’s accumulated losses of P760.4 million on 2012 and P752.4 million in 2011 mainly arise from losses incurred by its operations and its inability to absorb financing costs. The cooperative’s current liabilities exceeded its current assets by P107.3 million in 2012 and P707.2 in 2011”.

Before this independent auditors report, Akelco also lost in its operations the previous years. 

Has Akelco the habit of losing in its operations? Going over its “Statements of Operations” matrix, there is stated “consumers accounts of P50 million in 2012 and P45 million in 2011. Should Akelco able to collect this money, it can help reduce losses.

Why does consumers’ accounts accumulate when Akelco appears to be strict in the collection of electric bills of consumers? /MP