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Metro Manila Transit Corporation
The Metropolitan Manila Transit Corporation (MMTC) was a government-owned and controlled corporation that operated as a transport company in Metro Manila, Philippines. At its peak, MMTC operated several bus routes across Metro Manila. It was best known for its "Love Bus" service and double-decker bus routes. History After World War II, the pre-war tranvía streetcar system in Manila was left destroyed, leaving a gap in the city's public transport infrastructure that was subsequently filled by buses and jeepneys. Loose regulations, however, resulted in a fragmented public transportation system in Manila and its suburbs dominated by independent transport operators who competed against each another, resulting in inadequate services. During the martial law period under Ferdinand Marcos, efforts were made to address the problem, as Marcos issued Presidential Decree No. 492 on June 27, 1974, which established a government-owned and controlled corporation called the Manila Transit C ...
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Metropolitan Manila Development Authority
The Metropolitan Manila Development Authority (MMDA; ) is a government agency of the Philippines responsible for constituting the regional government of Metro Manila, comprising the capital city of Manila, the cities of Quezon City, Caloocan, Pasay, Mandaluyong, Makati, Pasig, Marikina, Muntinlupa, Las Piñas, Parañaque, Valenzuela, Philippines, Valenzuela, Malabon, Taguig, Navotas and San Juan, Metro Manila, San Juan, and the municipality of Pateros. The MMDA is under the direct supervision of the Office of the President of the Philippines. It performs planning, monitoring and coordinative functions, and in the process exercises regulatory and supervisory authority over the delivery of metro-wide services within Metro Manila without diminution of the autonomy of the local government units concerning purely local matters. The agency is headed by a chairman, who is appointed by, and continues to hold office at the discretion of, the President of the Philippines. The chairman ...
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Pergamon Press
Pergamon Press was an Oxford-based publishing house, founded by Paul Rosbaud and Robert Maxwell, that published scientific and medical books and journals. Originally called Butterworth-Springer, it is now an imprint of Elsevier. History The core company, Butterworth-Springer, started in 1948 to bring the "Springer know-how and techniques of aggressive publishing in science"Joe Haines (1988) ''Maxwell'', Houghton Mifflin, p. 137. to Britain. Paul Rosbaud was the man with the knowledge. When Maxwell acquired the company in 1951, Rosbaud held a one-quarter share. They changed the house name to Pergamon Press, using a logo that was a reproduction of a Greek coin from Pergamon. Maxwell and Rosbaud worked together growing the company until May 1956, when, according to Joe Haines, Rosbaud was sacked. When Pergamon Press started it had only six serials and two books. Initially the company headquarters was in Fitzroy Square in West End of London. In 1959, the company moved into He ...
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Blue-collar Worker
A blue-collar worker is a person who performs manual labour, manual labor or Tradesman, skilled trades. Blue-collar work may involve skilled or unskilled labor. The type of work may involve manufacturing, retail, Warehouse, warehousing, mining, carpentry, electricity generation, electrical work, Janitor, custodial work, agriculture, logging, landscaping, food processing, Sanitation worker, waste collection and disposal, construction worker, construction, shipping, and many other types of physical work. Blue-collar work often involves something being physically built or maintained. In social status, blue-collar workers generally belong to the working class. In contrast, the white-collar worker typically performs work in an office environment and may involve sitting at a computer or desk. A third type of work is a service worker (Pink-collar worker, pink collar) whose labor is related to customer interaction, entertainment, sales or other service-oriented work — particularly thos ...
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Presidency Of Fidel V
A presidency is an Administration (government), administration or the Executive (government), executive, the collective administrative and governmental entity that exists around an office of President (government title), president of a state or nation. Although often the executive branch of government, and often personified by a single elected person who holds the office of "president", in practice, the presidency includes a much larger collective of people, such as chiefs of staff, advisers and other bureaucrats. Although often led by a single person, presidencies can also be of a collective nature, such as the presidency of the European Union is held on a rotating basis by the various national governments of the member states. Alternatively, the term presidency can also be applied to the First Presidency, governing authority of some churches, and may even refer to the holder of a non-governmental office of president in a corporation, business, charity, university, etc. or the inst ...
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Liquidation
Liquidation is the process in accounting by which a Company (law), company is brought to an end. The assets and property of the business are redistributed. When a firm has been liquidated, it is sometimes referred to as :wikt:wind up#Noun, wound-up or dissolved, although Dissolution (law), dissolution technically refers to the last stage of liquidation. The process of liquidation also arises when customs, an authority or Government agency, agency in a country responsible for collecting and safeguarding Duty (economics), customs duties, determines the final computation or ascertainment of the duties or drawback accruing on an entry. Liquidation may either be compulsory (sometimes referred to as a ''creditors' liquidation'' or ''receivership'' following bankruptcy, which may result in the court creating a "liquidation trust"; or sometimes a court can mandate the appointment of a liquidator e.g. ''wind-up order'' in Australia) or voluntary (sometimes referred to as a ''sharehold ...
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Default (finance)
In finance, default is failure to meet the legal obligations (or conditions) of a loan, for example when a home buyer fails to make a mortgage payment, or when a corporation or government fails to pay a bond which has reached maturity. A national or sovereign default is the failure or refusal of a government to repay its national debt. The biggest private default in history is Lehman Brothers, with over $600 billion when it filed for bankruptcy in 2008 (equivalent to over $ billion in ). The biggest sovereign default is Greece, with $138 billion in March 2012 (equivalent to $ billion in ). Distinction from insolvency, illiquidity and bankruptcy The term "default" should be distinguished from the terms "insolvency", illiquidity and "bankruptcy": * Default: Debtors have been passed behind the payment deadline on a debt whose payment was due. * Illiquidity: Debtors have insufficient cash (or other "liquefiable" assets) to pay debts. * Insolvency: A legal term meani ...
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United States Agency For International Development
The United States Agency for International Development (USAID) is an agency of the United States government that has been responsible for administering civilian foreign aid and development assistance. Established in 1961 and reorganized in 1998, USAID has implemented programs in global health, disaster relief, socioeconomic development, education, environmental protection, and democratic governance. With average annual disbursements of about $23 billion since 2001, USAID has been one of the world's largest aid agencies and accounts for most U.S. foreign assistance — the highest in the world in absolute dollar terms — with missions in over 100 countries, primarily in Africa, Asia, Latin America, the Middle East, and Eastern Europe. The Trump administration is attempting to fully close the agency, pending several court cases. In early March, Secretary of State Marco Rubio announced that 83% of USAID programs would be cancelled. In late March, USAID executive Jeremy Lewin a ...
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Privatization
Privatization (rendered privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous natio ...
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Presidency Of Corazon Aquino
Corazon Aquino began her presidency on February 25, 1986, following the People Power Revolution as the 11th president of the Philippines, succeeding Ferdinand Marcos. Aquino's relatively peaceful ascension to the Philippine presidency signaled the end of authoritarian rule of Ferdinand Marcos in the Philippines, and drew her and the Filipino people international acclaim and admiration. During the first months of Aquino's presidency, the country experienced radical changes and sweeping democratic reforms. Aquino created the Presidential Commission on Good Government (PCGG), which was tasked to go after the Marcos ill-gotten wealth; however, after her presidency, the PCGG itself was also implicated by corruption scandals when it was alleged that officials wanted a cut of the Marcos assets and officials were "milking" sequestered assets. Aquino, being a revolutionary president by virtue of people power, repealed and abolished repressive laws under her predecessor, restored civil ...
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People Power Revolution
The People Power Revolution, also known as the EDSA Revolution or the February Revolution, were a series of popular Demonstration (people), demonstrations in the Philippines, mostly in Metro Manila, from February 22 to 25, 1986. There was a sustained campaign of civil resistance against regime violence and electoral fraud. The nonviolent revolution led to the departure of Ferdinand Marcos, the end of his 20-year dictatorship and the restoration of democracy in the Philippines. It is also referred to as the Yellow Revolution due to the presence of yellow ribbons during demonstrations (in reference to the Tony Orlando and Dawn song "Tie a Yellow Ribbon Round the Ole Oak Tree") as a symbol of protest following the Assassination of Benigno Aquino Jr., assassination of Filipino senator Benigno "Ninoy" Aquino Jr. in August 1983 upon his return to the Philippines from exile. It was widely seen as a victory of the people against two decades of presidential rule by President Marcos, ...
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Land Transportation Office
The Land Transportation Office (LTO; ) is an agency of the Philippine government under the Department of Transportation (Philippines), Department of Transportation responsible for all land transportation in the Philippines. Functions of the LTO include the inspection and registration of motor vehicles, issuance of licenses and permits, enforcement of land transportation rules and regulations, and adjudication of traffic cases. Its primary mission is to rationalize land transportation services and facilities, and effectively implement various transportation laws, rules, and regulations. It believes that it is the responsibility of those involved in the public service to be more vigilant in their part in the over-all development scheme of national leadership. Hence, the promotion of safety and comfort in land travel is one of LTO's continuing commitments. It aims to be a frontline government agency that showcases fast and efficient public service for a progressive land transport s ...
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