MOA signed for new Veco scholars

The Visayan Electric Company (Veco) continues to give back to the Cebuano community by announcing its newest batch of scholars under the Purposive Scholarship Program.

The second batch of Veco scholars are Raphael Bracero (St. Louis School of Mandaue), Armand Henzkel Canoy (Cebu Institute of Technology), Miraliza Cugal (Concepcion National High School), Edward Allan Hernaez (Cebu Institute of Technology), Tito Linao (Garing National High School), Lexvyn Opolentisima (Cebu City National Science High School), Chad Marion Orquiza (Naga National High School), and Adriel Gamier Sanchez (University of San Jose-Recoletos).

The signing of a Memorandum of Agreement between Veco and the college-level scholars was conducted last June 2, 2010 at the Veco Banilad Compound, Cebu City. Signatories to the MOA were VP for Admin Ricky Lacson and the scholars' legal guardians, while Corporate Communications Manager Ethel Natera and Manager Mark Kindica served as witnesses.

The selection of Veco scholars was based on the applicants' financial status, special awards, extra curricular activities, academic status, and timely submission of requirements. The selection process also included a final interview, which was conducted by Veco Community Relations Manager Eric Ching.

The new Veco scholars will be pursuing engineering courses in the University of San Carlos, Cebu Institute of Technology, and University of San Jose-Recoletos. Being a purposive scholarship program, the scholars may be hired by the company after completing their undergraduate studies.

“The best hope for our nation is the youth,” said VECO VP for Admin Ricardo Lacson. “This hope also has to be coupled with a proper education.”

During the program for the MOA signing, Michael Ray Lapasaran of last year's batch of scholars was given the Most Outstanding VECO Scholar award for garnering the highest grade point average among the rest of Veco scholars for the year 2009.


Corporate Social Responsibility