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Archive for June 5th, 2008

Number of PMA applicants drops by two-thirds over 10 years

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By Joel Guinto
INQUIRER.net
First Posted 18:37:00 06/05/2008

MANILA, Philippines — The number of applicants to the Philippine Military Academy (PMA), the country’s premiere military school, has dropped by about two-thirds over 10 years, data showed.

The steep decline in applicants to the PMA could be attributed to students’ preference for courses that will lead to high-paying jobs, the academy’s spokesman, Captain Dennis Solomon, said.

In 1997, there were 21,051 applicants to the PMA. Ten years later, in 2007, there were only 7,739 applicants, records showed.

Over the 10-year period from 1997 to 2007, the lowest number of applicants, 4,994, was recorded in 2006.

There were 16,017 applicants in 1998, 18,510 in 1999, 16,558 in 2000, 20,158 in 2001, 8,217 in 2002, 12,234 in 2003, 20,196 in 2004, and 5,992 in 2005.

In 2007, 810 or 16 percent of the total number of examinees passed the PMA entrance test. The results of this year’s exams have yet to be released.

Solomon said he was often asked by students if they would earn more in the military service compared to the private sector.

“Of course it [military service] would not. But what I try to tell them is that serving in the Armed Forces is more than the financial aspect,” Solomon said, adding, “But of course, when they face reality, they want to earn more.”

To entice students to apply at the PMA, Solomon said the academy has started holding photo exhibits and information drives in schools.

Graduates of the PMA are commissioned as second lieutenants in the Army and Air Force, and as ensigns in the Navy. The 2008 “Baghawi” or “Bagong Halaw ng Lahi” class has 220 members.

The PMA is the primary source of officers in the Armed Forces of the Philippines. The Officers Candidate School and the Reserve Officer Training Corps (ROTC) are the other sources.

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Written by joelguinto

Thu+00:002008-06-05T14:51:47+00:00+00:0006b+00:00Thu, 05 Jun 2008 14:51:47 +0000 22, 2006 at 12:45 pm06

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Yano: Learning investments ‘big help’ for troops’ income

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By Joel Guinto
INQUIRER.net
First Posted 14:34:00 06/05/2008

MANILA, Philippines — Armed Forces chief Lieutenant General Alexander Yano has accepted the Philippine Stock Exchange’s (PSE) offer to lecture soldiers on their investment options, saying it would be a “big help” for augmenting the modest income of the troops.

Yano said he would attend the seminars himself, adding he was eyeing other sources of income ahead of his retirement in 13 months.

On Wednesday, Yano met with business leaders at the PSE in Makati City, where he assured business leaders that restiveness in the ranks has been quelled. He was the first military chief to set foot on the local bourse’s trading floor.

“It’s a big help. You know soldiers, we are not really economically well off, so with this assistance, we can be taught about good investment,” the military chief told reporters.

“We will pursue that p[lecture offer] in the next days, maybe from GHQ [general headquarters] and the other services. I myself am not very familiar, so to be very frank, I also want to be part of that seminar,” he added.

Asked what the general economic standing of soldiers was, Yano said it was “not really high.”

“The good thing is, despite [our] economic [standing], we are happy and we are contented, and we are even investing our lives, so that is the job of the soldier,” Yano said.

The seminars would be free of charge and would be conducted by the PSE’s market education department, bourse president Francisco Lim said.

“We all know of course that there are risk involve in investing stock market but our aim in holding these seminars is to enlighten the soldiers about alternative investment areas where they can keep their savings and where they can earn potential extra income,” Lim said.

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Written by joelguinto

Thu+00:002008-06-05T09:46:47+00:00+00:0006b+00:00Thu, 05 Jun 2008 09:46:47 +0000 22, 2006 at 12:45 am06

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