The Accounts

The Official Student Publication of University of the Philippines- College of Management, Iloilo City

Formacion is UPV’s New Chancellor

by Lyncen M. Fernandez
Information and Publication Office (IPO)

Dr. Minda J. Formacion, former Dean of the UPV College of Arts and Sciences, is the new UPV Chancellor.

One of the four nominees in the recently concluded search for the UPV Chancellor, Dr. Formacion was appointed by the UP Board of Regents for the said position during its 1236th meeting on September 29, 2008. The Board is the UP System’s highest governing body.

The nominees also included Dr.  Georgina R. Encanto of the UP Diliman College of Mass Communication and Dr. Crispino A. Saclauso and Dr.  Augusto E. Serrano, Jr. from the College of Fisheries, UPV.

The nominees were asked to make a vision paper for UPV and these were presented in a forum in the campuses of Tacloban, Cebu, Iloilo City, and Miagao.

Dr. Formacion said that she drew inspiration for her vision paper from the vision and mission of UP Visayas as defined in the UP Plan 2005-2011 and approved by the BOR on June 23, 2005.
She said that the UP Plan 2005-2011 “must be respected together with the UPV Five-Year Plans 2006-2010 (Volume 1 of the report of Chancellor Glenn Aguilar) since the latter was the product of consultations and planning workshops among the UPV constituents.”

Dr. Formacion has drawn up the following plans and programs which she considers important and achievable for UPV for the next three years.

Strengthen the Academic Programs
Develop and Strengthen Research /Creative Work /Extension Capabilities of the Constituents
Promote Faculty, Staff and Student Welfare
Resource Generation and Linkages
Alumni and the Community
Improvement of facilities and the [UPV] environment

Dr. Formacion will serve for one term effective November 1, 2008 until October 31, 2011. She will replace outgoing Chancellor Dr. Glenn D. Aguilar.

Filed under: News, , ,

UP-Iloilo Outwits the WV Cluster in the 10th FINEX ICFC National Elims

From left to right: (Elevated) Leo Magsisi, Jacqueline Ong, Jay Ann Jumawan, Prof. Arthur Barrido, (Lower Line) Krystelle Bolivar and Jan Michael Saniel

University of the Philippines – Iloilo bested the Western Visayas group during the National Eliminations of the 10th FINEX (Financial Executives) Inter-Collegiate Finance Competition (ICFC) held simultaneously in 9 national sites last September 19, 2008.

UP-Iloilo team placed third in the national ranking after Ateneo de Manila University and University of the Philippines – Diliman tied at the top spot and De La Salle University – Manila placing second.

UP-Iloilo’s team is composed of Krystelle Bolivar, Jay Ann Jumawan, Leo Magsisi, Jacqueline Ong and Jan Michael Saniel, all of whom are fifth year BS in Accountancy students with Professor Arthur Barrido of the Accounting Department as coach.

Seven competing teams comprise the Western Visayas group, namely, Binalbagan Catholic College, Carlos Hilado Memorial State College, Central Philippine University, Colegio San Agustin – Bacolod, Fellowship Baptist College, University of St. La Salle, and University of the Philippines – Iloilo.

The 9 national venues are at Northern Luzon, Central and Southern Tagalog, four sites at the National Capital Region, Eastern Visayas, Western Visayas, and one in Mindanao.

The Western Visayas venue was held at Santuario de La Salle at the University of St. La Salle, Bacolod City.

Other schools qualified to the finals are San Sebastian College, St. Scholastica College, University of San Jose – Recoletos, De La Salle University – Dasmarinas, University of St. La Salle, University of San Carlos, Xavier University – Ateneo de Cagayan, University of Cebu – Lapu Lapu & Mandaue, Miriam College, Far Eastern University – Manila, Pamantasan ng Cabuyao, Foundation University, New Era University, University of Baguio, University of the Philippines Visayas – Cebu College, and Manuel S. Enverga University.

The best team in each national site is automatically qualified to the finals and the teams garnering the next top 11 points will complete the roster of the 20 best performing finance teams in the country to compete on October 13, 2008 at the Bangko Sentral ng Pilipinas for the National Final Round.

Four foreign schools are joining in this year’s ICFC, the National University of Singapore, Management University of Singapore, Assumption University of Thailand and Chulalongkorn University (Thailand).

The questions in the ICFC are based on the Chartered Financial Analyst (CFA) Level 1 body of knowledge.

ICFC is an annual event sponsored by the Financial Executives of the Philippines (FINEX) aimed to increase the student’s exposure to the global trends in finance.

Filed under: News, , ,

Frank devastates Iloilo

By Mia Catalan

On June 21, 2008, Saturday, Typhoon Frank visited Iloilo and left 42 towns and 1 component city in massive devastation.

The whole Iloilo province was declared under a state of calamity. The towns that were hit the hardest include Oton, Miagao, Leganes, Pavia, Zarraga, Leon, Janiuay, Pototan, Dumangas, Barotac Nuevo, Ajuy and Carles. Records from the City Social Welfare and Development of Iloilo City showed 180 barangays and 418 000 people directly affected by Frank. The Provincial Disaster Coordinating Council reports damage to 1277 barangays, 135 dead, 1011 injured and 69 missing as of July 16,2008.

The most affected district was Jaro where it was reported that the water reached 15 feet high in some areas closest to rivers such as Brgy. Desamparados and Brgy. Tabuc Suba. Families owning one-storey houses found themselves seeking refuge at their rooftops all day and night under the heavy downpour.

The residents and officials of Iloilo were caught unprepared for such a calamity. Water rising from the rivers have been constantly monitored, but it was least expected that the water, with soil, would come from the mountains instead. Areas that have never been flooded before found themselves submerged in water. The typhoon Frank, at 150 kph, was not the strongest to hit Iloilo, and yet it was the worst the Ilonggos ever encountered. Overnight, Frank transformed Jaro into an apparent violent river with strong current rendering residents helpless to swim to safety and rescue operations powerless to aid. Many were stuck inside their homes. Water rushed so fast that nobody had time to do anything but try to save themselves. Heavy rains and strong winds flooded whole communities, and felled tress, billboards and electric posts. Also, the overflowing of reservoirs from San Miguel and Maasin contributed to the ruin.

The yearly damage brought by typhoons amount to an average of Php 15 billion. According to the National Disaster Coordinating Council (NDCC), the devastation of Frank alone in the whole country, as of July 4, cost Php 13.321 billion: 7.542 billion to agriculture, Php 5.779 billion to infrastructure including Php 4.239 damage to roads and bridges. Based on damages, Frank is clearly the worst to hit the Philippines. NDCC also reports that a total of 3.6 million had been affected by Frank, with 540 dead, 41missing, and 175 injured. (Source: GMANews.TV)


What made matters worse was the unpreparedness of the City Crisis Management (CCM). Although the CCM has enough personnel to carry out rescue operations, they were short of the necessary equipment. The city had only one rubber boat available which was in bad shape. CCM attempted to borrow equipment from private groups. However, the strong water current made rescue operations a failure especially during the worst of the typhoon. Even a helicopter from the military failed in its attempt to join the rescue and returned to ground due to the bad weather. Despite the fact that Pres. Gloria Arroyo has ordered that navy and air assets are at the province’s disposal for rescue operations, personnel were not able to respond to all calls of distress. Radio stations were also bombarded with requests of aid but agencies did not have enough equipment. Furthermore, 10 members of the Iloilo Watercraft Association met and offered their assistance with the use of their personal jet skis. There were able to aid residents of Brgy. Tabuc Suba and Ledesco Village, but had to stop when it became too dangerous to maneuver throught stranded vehicles, debris and other objects underwater especially with the strong current.


Organizations, both government and non-government, acted in response to the calamity by giving donations to the flood victims. Major contributions include the following:

The Department of Health responded by sending an initial Php 471 437.55 worth of medicines and other supplies. The DOH Regional Office also distributed packed foods and oral rehydration medicines to evacuation centers.

World Vision Philippines distributed food and non-food items to different parts of Iloilo. The goods included 25 kilos of rice, noodles, sardines, biscuits, cooking oil, blankets, cooking utensils, and water.

On June 26, 2008, The Catholic Bishops Conference of the Philippines (CBCP) delivered boxes of noodles, biscuits, clothes and water bottles to evacuation centers. Jaro Cathedral has been home to around 700 evacuees during the worst of the flooding.

On June 27, 2008, the Senate delivered the donation boxes and relief goods it has gathered to the officials of Iloilo. The assistance included canned goods, biscuits, coffee, milk, utensils, blankets and other necessities. Senator Manny Villar added one year of his salary aside from other forms of assistance.

On July 1, 2008, President Gloria Arroyo distributed 30 000 relief bundles to the typhoon victims at the Iloilo airport. Each relief pack contained 4 kilos of rice, 12 noodle packs, and 6 sardines. With her were officers of the Federation of Filipino Chinese Chambers of Commerce who handed over a check for Php 10 million. Moreover, the Philippine Gaming Corporation (PAGCOR) donated relief goods worth 10 million. The allocation of the relief packs, together with blankets, medicines, and cooking utensils, were done simultaneously in 10 Iloilo towns through the efforts of the Philippine Medical Association.

On July 17, 2008, Manny Pacquiao visited Jaro Cathedral to distribute relief goods and donated Php 1.5 million to the city government of Iloilo. He also gave 1million to Bacolod and another .5million to others. (Philippine Daily Inquirer)

On July, 23, 2008, Sen. Richard Gordon personally supervised the distribution of non-food items such as water, flashlights, blankets, and hygiene kits from the US Agency for International Development at 18 municipalities.

On July 28, 2008, Pilipinas Shell launched the nationwide Typhoon Frank donation drive for contributions, both money and in-kind, as an answer to the call for aid for the victims of Frank. Shell gas stations became a drop-off point for various donations and partnered with AIR21 in transporting the goods to the provinces. Shell’s dynamic efforts reached more than 5 000 families in Panay Island. (

On August 29, 2008, the Boy Scouts of the Philippines (BSP) gave relief assistance to the affected families in Pavia and Leganes. At least 700 families received aid.

Major and minor relief operations are still ongoing on different parts of Iloilo. Many families have yet to make a new home for themselves since their houses were completely destroyed by typhoon frank. As of the first week of September, two months after the flood, Jaro plaza served as home to 56 families. They have been living with the assistance of the city government and other organizations.

Filed under: News, , ,

Urbandub Rocks Iloilo

by Mia Catalan

The University of the Philippines Marketing Society Inc. held its 7th concert project with Urbandub, the fastest rising rock band from Cebu.

Urbandub or Udub, composed of lead vocalist Gabby Alipe, lead guitarist John Dinopol, bassist Lalay Lim, and drummer Janjan Mendoza, has traveled across the country and sold more than 10 000 albums. Headed by Paul Gonzaga, the event drew a crowd of more than 2500 people consisting mostly of students and young professionals all over Iloilo.

Urbandub has released four albums since its debut in 2000 namely Birth (2000), Influence (2003), Embrace (2005), and Under Southern Lights (2007). Since its beginning, the band has received awards from NU 107 Rock Awards which are the Best Song of the Year in 2003 (Soul Searching), Album of the Year in 2004 (Influence) and Vocalist of the Year in 2006 (Gabby Alipe).

The band played songs from their latest album, Under Southern Lights, which the members wrote themselves. It was named as such as a tribute to their hometown and for their families who serve as their “guiding light”. Urbandub was initially meant as a reggae band mixed with dub, but it has diversified to various genres: OPM, alternative rock, indie rock and experimental rock.

The MS Inc. gave the VIP treatment to the band from escorting the members to their hotel, Century 21, providing for their needs, and accompanying them to the airport the next day. At one point, the MS officers brought a chocolate cake for dessert which led Lalay Lim to comment jokingly “Nanliligaw ba kayo? Na-iinlove na tuloy kami.”

The main event was preceded by the Askal, Copula, Khamulang, Nail-scarred Hands, Mjah, and Diet of Wormz, all of which are Iloilo-based bands.

UPV MS Inc. partnered with Mang Inasal, Deco’s, Globe, Teletech, Panay News, and MOR ABS-CBN.

Filed under: News,

After the Storm

by Reishajan Caralde

Typhoon Frank that battered most of Iloilo and the neighboring provinces spared little in its wake, least of all University employees.

In the aftermath of the tragedy, the university promptly responded by providing financial and non-financial support to faculty, staff and employees.  The first thing that the university did was to determine who among its employees were affected by the typhoon. The University came up with a list of the victims and prepared its response based on the list.

Within a week following the typhoon on June 21, 2008 the university was able to provide initial assistance of relief goods in the form of food and water to the victims.  In the weeks that followed, cash of P3, 000 were given to the victims along with further donations of relief goods such as clothing and food.  Possible victims of the typhoon from the student population however, have not received support from the University as of the interview. According to the Chancellor, this was because the University prioritized the employees who were easier to identify with the list furnished than the student victims.

Filed under: News,



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July 2020