New York Bay Remittance (NYBR) was established in 1990. As its name suggests, New York Bay Remittance engages in the international remittance of funds operating at the retail level. NYBR’s specific concentration is the Philippine Remittance market.
New York Bay Remittance is an affiliate name of Trans-Fast Remittance LLC, which is a licensed money transmitter in the states of Alabama, Alaska, California, Connecticut, Delaware, Washington DC, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Texas, Utah, Virginia, Wisconsin, the US Virgin Islands and Canada.
With GPRS, Delears and Franchise owners can now receive and payout to receivers.
Global Pinoy Remittance and Services (GPRS) filed cased against UNTV Breakthrough and Milestones, International, Inc. “BITAG” television program of BST Tri-Media Productions last June 29, 2009 at the Regional Trial Court Branch 78 of Quezon City.
GPRS lead by its President/CEO Emmanuel ‘Manny’ Pascual filedCIVIL Case No. Q-12-71564 for Injunction and damages with application for Temporary Retraining Order and/or Preliminary Injunction for causing the unlawful arrest which was covered by persons who claimed to be crew members of TV5 “BITAG”. All the 25 employees of GPRS where brought to the CIDG Office at Camp Karingal, Quezon City allegedly for further investigation and questioning, despite their protests and complaints.
In the resolution of the Quezon City Prosecutor’s Office signed by Asst. City Prsecutor Soliman L. Usman and approved by Rogelio A. Velasco, 2nd Assistant City Prosecutor, Chief Inquest Division, the Prosecutor on case ruled to quote:
“FOR FURTHER INVESTIGATION. Cased needs preliminary investigation for probable cause, because respondents were not lawfully arrested under Sec. 5 Rule 113 of the Rules of Criminal Procedure and/or for insufficiency of evidence to hold respondents for trial in Court.
Since the suspects just receipt the money from the arresting officers the exact criminal liability of the suspects are not clear. Furthermore, the victim is needed to show whether or not GPRS is licensed to operate as a REMITTANCE CENTER.”
On June 28 morning, UNTV37 showed a teaser in the program ‘BITAG’ featuring the incident that happened on June 22, 2012. An excerpt of the teaser content stated that: “Abangan nyo po ang report naming…GPRS nagpapa franchise milyon milyon ang hinihingi…lahat ng sinasabi bogus…dinadamay pa ang MERALCO…di po natin alam na may GPRS pala…natuloy po sa kulungan ang mga ito di nila alam na ang binibilang nilang pera ay marked money na. Abangan Friday 12 midnight and Monday”. UNTV37 then showed the faces of some of the employees of GPRS who were unlawfully detained at the counter of GPRS Savemore Store.
A Special Raffle of Case was then set Monday July 2, 2012 at exactly eleven o’clock in the morning before the sala of the Office of the Executive Judge, subject to existing rules and regulations of the matter, so ordered by Acting Executive Judge Fernando T. Sagun Jr. last June 29, 2012.
GPRS then made a Press Conference on June 30, 2012 attended by Mr. Emmanuel ‘Manny’ Pascual- President/CEO of GPRS , Mr. Joselito ‘Jelly’ Diaz- Executive Secretary, Ms. Minerva ‘Minnie’ Imperial- Vice President International, Jodhie Hizon Savemore Pharmacy Specialist, and around 40 media men from different TV and Radio Stations.
Global Pinoy Remittance and Services is a legitimate company operating with licenses from the Securities and Exchange Commission (SEC), Business Permit from the Quezon City, and a registered Remittance Agent by the Banko Sentral ng Pilipinas since 2009 with contracts from all companies accrediting GPRS such as MERALCO, DavaoLight, ABS-CBN, Globe Telecoms, Smart Telecom, Digitel (Sun Cellular), Cebu Pacific Air, Philippine Airlines, Air Philippines, ZestAir, Tiger Airways/Seair, iRemit, KwartaGram, MoneyGram, over 37 banks, and over 100 more registered billing and service companies. GPRS now has over 756 registered outlets all over the Philippines and abroad with over 90,000 plus registered members/dealers.
Flag carrier Philippine Airlines has taken delivery of its newest Boeing 777-300 passenger jet, bringing its fleet of flagship long-range aircraft to three.
However, a dark cloud still hangs over the company, now controlled by conglomerate San Miguel Corp., given the country’s category 2 status with the United States Federal Aviation Administration (FAA), which prohibits local carriers from expanding their American operations.
“PAL’s brand-new Boeing 777-300 ER aircraft arrives in Manila from the US plane maker’s plant in Seattle, Washington,” the company said on its website.
“The third B777 in PAL’s wide body fleet, the new plane will immediately go into service across the Pacific and Australia, its first assignment,” the company said.
PAL said the new plane would be fielded first to flights to Australia. If and when the country regains its category 1 status with the FAA, the plane would immediately be transferred to US flights.
The Boeing 777 planes are significantly more efficient than PAL’s fleet of Boeing 747 jumbo jets. Using the new planes would allow PAL to make more money from its US flights, which are among the most profitable in its network.
The plane was officially received by PAL vice president for operations Ismael Augusto Gozon in a ceremony with Boeing field service manager Gary Youngblood at the Lufthansa Technik Philippines facility in Pasay.
Philippines may soon join the ranks of the world’s “tiger economies,” an international expert said.
Ruchir Sharma, chief of the Emerging Markets Equity team at Morgan Stanley Investment Management, said in his book “Breakout Nations: In Pursuit of the Next Economic Miracles” that Philippines is positioned for huge growth.
“Now at long last, the Philippines looks poised to resume a period of strong growth,” Sharma said in his now best-selling piece.
“The new president, Benigno ‘Noynoy’ Aquino III, probably has enough support, and looks likely to generate just enough reform momentum, to get the job done. The Aquino name is still virtually synonymous with the promise of change,” Sharma also wrote.
Asia’s tiger economies include Japan, South Korea, Singapore, and Hong Kong.
‘PH: No longer a joke’
Sharma’s book emphasized that in 1960s, Philippines is Asia’s second-highest per capital income earner and only behind Japan but the country’s “fortunes have shifted dramatically since then.”
“Malaysia and Thailand followed in the 1980s and China in the 1990s. Then in 2009, in a moment the Manila elite thought it would never see, Indonesia’s boom made Indonesians richer than Filipinos for the first time modern history,” Sharma wrote.
Sharma noted that in 2010, upon his visit to the Philippines, the country was “still the undisputed laggard of Asia, a nation mired in chronic incompetence.”
He lamented the absence of high-speed trains, and the good old jeepney remaining a favorite in public transport–and yes, he also mentioned the infamous Manila airport.
But he believes that under the Aquino administration, PH may once again shine.
“Aquino is delegating power to competent technocrats and seems to understand what needs to be done to get the lights back on,” he said.
However, before PH returns to its old glory, it should first see a “modicum of political stability and some basic economic sense,” the book noted.
Sharma said an economic surge may happen if PH rightfully manages its vast resources–having the world’s fifth-richest in natural resources such as oil, copper, nickel, gold, and silver.
Surprisingly, for Sharma, PH’s booming population is not a disadvantage. In fact, he claims that the high population is a “big economic plus” because “the concentration of people and business drives growth.”
He also mentioned Pinoys’ ability to speak English, leading the country to becoming the best choice of business process outsourcing-a $9 billion industry employing 350,000 people.
“It could be made to happen, if the third Aquino can get the people-power revolution right,” Sharma said in his book.
There are at least 2.2 million Filipinos who opted to work abroad in April to September 2011 alone, a figure higher than the estimated 2 million OFWs for the same period in 2010, the NSO said.
Of this number, over half (52.2 percent) are male overseas workers, and most are relatively young coming from the age group 25-29 years old (23.6 percent) and 30 to 34 years old (22.6 percent), NSO said in a statement released Tuesday.
Most of Pinoy workers abroad (32.7 percent) are laborers are “unskilled workers”; while some 15.5 percent work as service workers and shop and sales workers.
Interestingly, NSO noted that most OFWs hail from Calabarzon (16.5 percent), Central Luzon (14.3 percent) and NCR (12.5 percent)
“Saudi Arabia continued to be the leading destination of OFWs with 22.6 percent of the total OFWs working in this country during the period April to September 2011. The other countries in Asia which were popular destinations of OFWs were United Arab Emirates (14.6 percent), Qatar (6.9 percent), Singapore (6.3 percent) and Hong Kong (5.3 percent),” added NSO.
Meanwhile, remittances were also higher, said NSO.
OFWs have also sent in at least 156.3 billion pesos for April to Semptember 2011 alone, an amount higher compared to 2010′s reported remittances which was pegged at 141.2 billion pesos.