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Australia’s gold production may rise to record in 2018

MELBOURNE — Gold output from Australia, the world’s second-largest producer, may rise to a record this year as a stream of new projects come on line, Australian mining consultancy Surbiton Associates said on Sunday.

Australian gold miners, among the lowest cost globally, have enjoyed high margins in recent years, boosting output as a strengthening US dollar supercharged Australian dollar prices which were then flowed into exploration.

Production in 2017 rose by 3 tons from the year before to 301 tons, equal to about 9.7 million ounces and the highest since 1999, due to the ramp up of a string of new operations, said Surbiton in a report.

Given the number of projects coming on stream in 2018 and with few closures anticipated “it would not be surprising to see another 20 tons of production added to last year’s output,” said Sandra Close, director at Surbiton.

“This suggests that Australia’s all-time record annual gold production of 314 tons recorded in 1997 might well be exceeded.”

Production in the quarter ending in December 2017 totaled 80 tons, up 6 tons from the previous quarter, Surbiton said.

Mines that have raised output in Australia include Newcrest Mining’s Cadia Valley; Tropicana, a joint venture by AngloGold and Independence Group; and Super Pit, a joint venture between Newmont Mining and Barrick Gold Corp.

China is the world’s biggest gold producer. — Reuters

Senate to propose LGUs, national gov’t co-manage Boracay

SENATOR Cynthia A. Villar is planning to propose a law that would allow both the national and local government to “co-manage” the country’s tourist destinations, such as Boracay Island in Aklan, to prevent any regulatory lapses which may result in environmental problems.

“The suggestion was that we would pass a law regarding famous tourist destinations like Boracay. It should be co-managed by the national government and the local,” she said in a radio interview.

“We would create an administration so that if the local [government] makes mistakes, the national government will check… so that there will be checks and balances,” she added.

Ms. Villar’s statement came after Friday’s findings that some establishments on Boracay Island operated without an environmental compliance certificate (ECC) from the Department of Environment and Natural Resources (DENR).

Malay, Aklan Mayor Ciceron S. Cawaling has said the local government issued its permits independently from the DENR. This was contrary to the statements of Department of Interior and Local Government (DILG) officer-in-charge Eduardo M. Año that ECC was among the requirements in securing building permits, especially in protected areas like Boracay.

Department of Tourism (DoT) Secretary Wanda Corazon Tulfo-Teo also testified that the agency could not intervene in Boracay’s environmental problems because tourism development has been devolved to the local government.

Ms. Villar stressed the importance of the country’s famous tourist attractions such as Boracay, where failure to maintain the environment could deter international visitors.

“We should not neglect our tourist attractions as famous as Boracay because it will ruin the Philippines in the eyes of the tourists. The long-term viability of Boracay will depend on control,” she said.

Boracay Island brought in P56 billion worth of revenue for the government and attracted two million tourists in 2017, according to DoT.

Ms. Villar added that businesses establishments violating the 30-meter shoreline easement rule may only face partial demolition. Meanwhile, buildings constructed in the island’s wetlands, the senator said, should be completely removed.

“Those in the wetlands are the problem. They have to demolish that… If they will not demolish, the government has no choice but to step in,” she said.

DENR Secretary Roy A. Cimatu earlier said that five of Boracay’s nine wetlands have disappeared in the past 10 years after informal settlers and businesses, such as Seven Seas Hotel, D’Mall and Kingfisher Hotel, occupied the areas. — Camille A. Aguinaldo

PEZA angling for economic zones on tribal land

THE Philippine Economic Zone Authority (PEZA) said it is hoping to convince indigenous people to agree to host economic zones on their land.

“We will be conducting dialogue with ancestral domain land owners to make them understand (the benefits of) making their ancestral domain lands ecozones,” PEZA Director Charito B. Plaza told reporters, including jobs and lease income.

The agency estimates about 5 million hectares of ancestral domain are available for conversion into ecozones.

To this end, the agency signed a memorandum of agreement with the National Commission on Indigenous Peoples, an arm of Office of the Cabinet Secretary.

Aside from the NCIP partnership, PEZA has been forging partnerships to promote the country’s labor force.

“Right now, there is a mismatch. The data says we produce one million Filipinos that reach working age and half of them are college graduates but only 30% are employed. Usually, what we see among the youth (is that) most of them want to go abroad,” Ms. Plaza said.

The agency through the PEZA Institute hopes to ensure manpower is available to spur growth in various industries. It also plans to sign an agreement with the Commission on Higher Education, and the Department of Education to train workers in demand in certain industries.

This week, PEZA is set to meet the board of regents at the University of the Philippines to invite the state university to play a role in the agency’s projects. — Janina C. Lim

DENR calls for tougher measures to protect native wildlife

THE Department of Environment and Natural Resources (DENR) said it will call for the review of the country’s wildlife protection laws to put more teeth into penalties for those trafficking in wildlife.

DENR Undersecretary and Chief of Staff Rodolfo C. Garcia on Friday said a stronger enforcement arm is what the department needs.

“We need enforcement, because without enforcement, we just have the laws. And the law can be trampled upon by the people who see an advantage for themselves. Somebody must tell them that what they are doing is wrong and charge them for it,” he added.

In October, the DENR formed a task force to investigate and prosecute violators of environmental rules. Shortly after, Environment and Natural Resources Roy A. Cimatu signaled his intention to form a separate enforcement bureau to ensure the DENR does not rely too heavily on other law enforcement agencies.

While plans to set up a separate enforcement bureau remains uncertain, Mr. Garcia said that the time is right to review and amend the laws.

“As in other cases, we found out that laws are outdated. That’s why we need to review the laws and the penalties for violations. I think it’s very important now to deter those people so we need to increase the penalties for the violations of such laws,” he added.

On Tuesday, the DENR is set to hold a consultation on the proposed amendments to Republic Act No. 9147 or the Wildlife Resources Conservation and Protection Act of 2001.

In celebration of world wildlife day, the DENR issued awards to 20 National Bureau of Investigation operatives and eight police officers for their enforcement of wildlife laws in 2017.

This year’s world wildlife day focuses on big cats, of which the Philippines has none. Nevertheless, the DENR would like to promote protection for the Asian palm civet, which is thought to be threatened because of its role in making specialty coffee from beans that go through its intestinal tract.

Another wild cat the DENR is putting in the spotlight is the Visayan leopard cat found in Negros, Cebu and Panay. It is currently listed as a vulnerable species by the International Union for Conservation of Nature due to deforestation.

The wildlife trade in the Philippines was worth P160 million over the last decade, with 28 convictions of wildlife traffickers obtained.

Among the most highly traded wildlife from the Philippines are seahorses, pangolins and freshwater eels. — Anna Gabriela A. Mogato

Nurturing mothers in the workplace

Statistically speaking, women make up more than half of the world’s population and arguably, may have the best ideas in the workplace. If not, at least half of the best ideas, then.

Some of these ideas, however, many never see the light of day because work has become a challenge, especially for married women. The challenge to achieve a work-life balance has been the primary reason why some working mothers leave the corporate world.

At SGV, the Philippine member firm of Ernst & Young (EY), where I work, I appreciate the diverse and inclusive environment where our people can grow and thrive regardless of gender. Half of SGV partners are women, and this proportion is also mirrored throughout the firm, from overall headcount to top management. I want to share my own experiences about how SGV helped me get through the challenges of being a working mother in the workplace.

AN ALTERNATIVE WORK ENVIRONMENT
My first pregnancy was very delicate and I was advised to take a break and rest. However, I still wished to continue working despite my situation. Fortunately, my immediate superiors were very understanding of my case and together we came up with alternative ways for me to complete my tasks.

The advances in technology facilitated the situation and allowed me to fulfill my responsibilities. All I needed were basic tools like a laptop, a telephone and access to a stable Internet connection. I also had the option to utilize social media and other digital platforms to communicate, such as using Skype for business to conduct online meetings with my team or to use e-mail for sending important documentation and other communications.

These tools are very helpful to working mothers, especially in emergency cases like when a child is very sick and needs to be brought to the doctor. One can still deliver work requirements without having to be physically in the office. This alternative helps lighten the worries of a working mother and lets her balance her time more effectively.

BREAST-FEEDING JOURNEY
As a first-time mother, I strove to provide the best for my child and promoted exclusive breast-feeding. After my maternity leave, exclusive breast-feeding required me to express milk every 2-3 hours during work. The firm has an accessible clinic with a comfortable private area where I could do that, with a refrigerator where I can store the output during the day. My superiors also allowed me to spare 10-15 minutes during office hours to express milk. These available facilities in our office greatly helped me get through my breast-feeding journey.

MATERNITY LEAVE/SOLO PARENT’S PRIVILEGES
Republic Act No. 1161, as amended, states that a covered female employee who has paid at least three monthly maternity contributions in the 12-month period preceding the semester of her childbirth, abortion or miscarriage and who is currently employed shall be paid a daily maternity benefit equivalent to 100% of her present basic salary, allowances and other benefits or the cash equivalent of such benefits for 60 days if all the required conditions are met.

In addition, Republic Act No. 8972 or the Solo Parent’s Welfare Act provides for benefits and privileges to solo parents and their children. It aims to develop a comprehensive package of social development and welfare services for solo parents and their children to be carried out by the Department of Social Welfare and Development and various government agencies.

The abovementioned benefits provided by the government also help working mothers and solo parents juggle their family obligations and their work. As a working mother, it is also a great boon to have an employer who can and is willing to assist with official arrangements or requirements, such as notifying and filing claims with the Social Security System.

IMPORTANCE OF SUPPORTING MOTHERS IN THE WORKPLACE
I believe that an organization that supports mothers in the workplace will truly help them unlock their potential, which could engender lasting loyalty and a willingness to stay at work despite the many challenges of trying to balance family life and career.

ACTIVITIES AND RECOGNITION
EY, being a global firm, places a high priority on empowering female leaders and promoting the advancement of women in the workplace. Given this, I hope to one day see the firm organize more events, not only to recognize working mothers, but all working women as well. Such a possible event could be tailored to support and empower the “next gen” of female leaders within various organizations, and provide an opportunity for teams to foster new relationships and develop networking skills. It may even be possible to coordinate with clients to arrange joint employer and client events to support “next gen” female leaders. These may offer excellent opportunities to boost the confidence of female workers and encourage them to achieve more in the workplace.

EQUAL OPPORTUNITY FOR ALL
As a meritocracy, SGV has always given equal importance to all employees, regardless of gender. Women, men and LGBT are given the same opportunities in terms of promotions, salary increases and mobility experiences.

Research has shown that, given equal opportunities, women have a high potential to reach senior management positions. An article from Philippine Institute for Development Studies in November 2017 found that, based on a survey of businesses across different countries, the Philippines ranked as the highest in the proportion of senior management team roles held by women (40%).

In some ways, SGV has also been a trailblazer in this aspect, being one of the earliest Philippine companies to have a female partner (in 1961), and to elect a female chairperson and managing partner (in 1992). In my opinion, having such a parity-based culture embedded in a company’s psyche can significantly boost the morale of women employees.

The firm also let me experience leading projects under our quality and enablement department. These projects helped me broaden my network by having closer interactions with our pool of partners and managers. These also helped me gain a high level of self-achievement, especially when projects were rolled out and successfully concluded. In a sense, this deep exposure to project management also helped me strike a balance between work and family life.

CALL TO ACTION
Companies need to understand the concerns that women face in the workplace. These usually consist of family-related benefits and the challenges of being the primary providers of childcare. Understanding each concern may help guide the design of policies that will assist women, particularly working mothers.

The theme for this year’s International Women’s Day celebrations is #PressforProgress, which is certainly timely given that more and companies need to press forward for positive change for women, and boldly face the challenge of achieving true and inclusive gender equality in the workplace.

This article is for general information only and is not a substitute for professional advice where the facts and circumstances warrant. The views and opinion expressed above are those of the author and do not necessarily represent the views of SGV & Co.

 

Diorella M. Ontimare-Dela Cruz is a Senior Director of SGV & Co.

House panel to decide Sereno case this week

THE CHAIRMAN of the House of Representatives’ committee on justice said his committee will vote this week on establishing probable cause in the impeachment complaint against Chief Justice Maria Lourdes P.A. Sereno.

The vote originally scheduled this Wednesday but reset to Thursday is two weeks ahead of the congressional recess on March 21, by which time the House plenary would have tackled Ms. Sereno’s impeachment if it comes to that.

In a radio interview, Oriental Mindoro Representative Reynaldo V. Umali, committee chairman, said the committee’s legal team met last Thursday to “organize” the articles of impeachment.

Ms. Sereno is accused of culpable violation of the Constitution, corruption, betrayal of public trust, and other high crimes. But Mr. Umali said not all 27 charges under those four grounds. “Siguro ’pag pinasadahan mo, baka mayroong ibang pare-pareho so siguro it will fall under one allegation or charge,” he told DZBB. (Maybe if you scrutinize the charges, perhaps some of them are similar, so it will fall under one allegation or charge.)

In a separate phone interview, he said, “Actually lahat mayroon (all these charges may be readied). Hindi ko pa alam (I don’t know yet)…which will really stand out and be voted upon.”

In his radio interview, Mr. Umali said the committee is looking to include Ms. Sereno’s psychiatric evaluation as a ground for impeachment, under betrayal of public trust.

“Dahil unang-una ay hindi siya karapat-dapat doon. Napalusutan niya ’yung JBC at ngayon buong Korte Suprema, so ito’y isang bagay na will establish that she is not fit to continue in that kind of office,” he said. (Because, first of all, she does not deserve that. She slipped past the JBC and now the whole Supreme Court, so this is one of the things that will establish that she is not fit to continue in that kind of office.)

He said the Chief Justice’s “psychological make-up…would really connect to her actuations” in several charges raised in the impeachment complaint filed by lawyer Lorenzo G. Gadon.

Last Friday, the Psychological Association of the Philippines (PAP) criticized the “use of the psychological assessment conducted in 2010” as a “misuse of those results.”

Reacting to the group’s statements, Mr. Umali said in the phone interview, “’Yun nga ’yung dine-determine namin sa (That’s what we were trying to determine in the) impeachment, if she’s qualified or not.”

He also said the committee has a list of 40 candidates it would recommend to form part of the 11-member prosecution team when the Senate holds an impeachment trial.

“’Yung amin ay kinukuha lang namin lahat ng lawyers tapos ito na titingnan namin, ’yung litigation experience kung mayroon, at siguro pangatlo, depende kung anong discipline ’yun ano, kasi depende sa lalabas na article kung anong discipline ang kailangan,” Mr. Umali explained, adding that House Majority Floor Leader Rodolfo C. Fariñas will “definitely be part of the prosecution team.” (We’re considering all the lawyers, their litigation experience if they have, then perhaps third, the disciplines needed, depending on the articles of impeachment.) — Minde Nyl R. dela Cruz

DoH cautioned against release of private data in Dengvaxia cases

By Minde Nyl R. Dela Cruz

THE National Privacy Commission (NPC) advised the Department of Health (DoH) to be “circumspect” in providing the master list of children inoculated with Dengvaxia to entities requesting copies.

In an advisory opinion dated Feb. 26 addressed to DoH Secretary Francisco T. Duque III, Privacy Commissioner and Chairman Raymund Enriquez Liboro said the personal information of the children “is considered sensitive personal information as defined in Section 3(1) of the DPA (Data Privacy Act of 2012), particularly those relating to the individual’s age, health, and health record (vaccination card and status of being vaccinated).”

Mr. Liboro said this after Mr. Duque sought clarification from the NPC if DoH could provide the master list to the Public Attorney’s Office (PAO), Volunteers Against Crime and Corruption (VACC), and members of the media, which are all seeking copies.

The NPC commissioner added that the information pertains to “vulnerable group of data subject — minors.”

But Mr. Liboro also noted that the information may be lawfully provided to PAO if it is “authorized as legal representative of the minor data subjects.”

PAO provides legal assistance to families of some of the children who received the controversial anti-dengue vaccine, which as its manufacturer, Sanofi Pasteur, reported in November last year, could cause a more severe strain of the virus for seronegative patients.

For other private organizations and media requesting the master list, Mr. Liboro said “the disclosure of statistical or aggregated information without including any personal or sensitive personal information should suffice.”

“We urge the DoH to be circumspect in releasing information relating to sensitive personal information of individuals. It should do so only if it is satisfied that such release is authorized under law, adheres to data privacy principles, and reasonable and appropriate security measures are in place for the protection of said data,” Mr. Liboro said.

PAO is currently conducting its own investigation of the children who may have died as a result of the anti-dengue vaccine. VACC, on the other hand, sued former president Benigno S.C. Aquino III, former Health secretary Janette L. Garin, and several executives of Sanofi Pasteur and DoH in connection with alleged irregularities in the procurement of Dengvaxia,

Last December, the DoH stopped the dengue immunization program, following Sanofi Pasteur’s advisory. The Health department said about 830,000 children, mostly from the National Capital Region, Central Luzon (Region III), and Calabarzon (Region IV), and some 4.400 members of the Philippine National Police and their dependents received the vaccine.

Senate Inquiry sought on harassment by debt collectors

By Camille A. Aguinaldo

SENATOR Grace Poe-Llamanzares has filed a resolution seeking to investigate debt collectors engaged in unfair collection practices.

Filed last Feb. 22, Senate Resolution No. 655 seeks to look into the implementation of Republic Act 10870 or the Philippine Credit Card Industry Regulation Act following complaints of harassment by collecting agencies.

Under Section 19 of RA 10870, “a credit card issuer or collection agent shall not harass, abuse or oppress any person or engage in any unfair practices, as may be defined by BSP [Bangko Sentral ng Pilipinas] rules and regulations, in connection with the collection of any credit card debt.”

In a statement Sunday, Ms. Llamanzares denounced abusive collectors who use the poor financial standing of credit card holders to harass and threaten consumers with delinquent accounts to compel them to pay.

“The lack of clear guidelines and dedicated implementation of existing laws and regulations that would punish debt collectors gives them a wide latitude to harass, bombard borrowers with calls and text messages bordering on criminal acts and engage in other unfair collection practices,” she said.

Ms. Llamanzares identified the “most notorious” ways of collecting money, which included threatening the debtor that a case has already been filed in court, using barangay tanod or men in uniform to force the borrower to pay and telling the cardholder that his or her property could be garnished in exchange of the outstanding debt.

Other unfair practices included calling the debtor’s employer to smear his or her reputation, bombarding the debtor with text messages on an alleged warrant of arrest due to the unpaid account and telling the cardholder that a hold departure order has been issued against him or her.

Ms. Llamanzares said debt collectors using such harassment should be punished in order to protect consumers from emotional and mental attacks.

She also called on the BSP to immediately issue the necessary guidelines identifying the criminal acts punishable under existing laws and policies.

Ecozone and tourism dreams for Tawi-Tawi

TAWI-TAWI, the southwestern-most province of the Philippines, is composed of a mainland surrounded by many small islands that are actually closer to the eastern coast of the Malaysian state of Sabah.

The site of the oldest mosque in the country and home mainly to the Sama-Badjao, Sinama and Tausugs tribes, it’s reputation has largely been being a remote, dangerous place — a stronghold of the bandit Abu Sayyaf Group.

But the national government and the Autonomous Region in Muslim Mindanao (ARMM), recognizing its strategic location as a gateway to the Brunei-Indonesia-Malaysia-Philippines (BIMP) growth area, are aiming to foster Tawi-Tawi’s potentials with the development of an economic zone (ecozone) and prepping its tourism attractions.

In late February, officials of the ARMM Regional Economic Zone Authority visited the planned site for the ecozone, while the ARMM-Department of Tourism (DoT) organized a media trip to Bongao, the capital of Tawi-Tawi.

DoT-ARMM Secretary Ayesha Mangundadatu Dilangalen acknowledged that promoting tourism to an inaccessible, stigmatized area is most challenging.

“That is why we are inviting national government agency officials and media to visit here so that they can personally see the concerns of the province,” she said.

At the same time, Ms. Dilangalen said such visits provide an opportunity to show the efforts that are being taken to develop the province.

“Many of these tourist spots highlight the historical and scenic beauty of the province,” she said.

One of these is Bod Bongao, or Bud Bongao, a 342-meter high mountain that is considered a pilgrimage site for Islam believers. Last year, the ARMM government completed a P56-million project for the area that includes a paved access road and a 1,890-step stairway leading up to the viewpoint called Bongao Peak.

“We look at Bod Bongao as a community-based ecotourism site where the community plays its role in the protection of the ecology surrounding the mountain and preservation of their cultures,” Ms. Dilangalen said.

SECURITY
Bongao Mayor Jimuel S. Que is pragmatic and optimistic at the same time that Tawi-Tawi’s repute and economy would soon be changing course with stronger cooperation between the local government, the community, and the military.

“The relationship of the three sectors are going well. Without peace and order, we cannot promote our tourism here,” Mr. Que told the visiting media.

Lt. Gen. Carlito G. Galvez, Jr., head of the Western Mindanao Command (WesMinCom) that has jurisdiction over Tawi-Tawi, has reiterated his call to the Abu Sayyaf to lay down their arms after five of their prominent members — two from Tawi-Tawi and three from the neighboring island of Sulu — surrendered in late January.

Mr. Galvez said “the government, in coordination with the Ulama (Islam scholars), has prepared rehabilitation programs to those who have surrendered and will surrender to ensure that they do not go back to their ill beliefs and practices.”

Aside from security concerns, Mr. Que said some basic services also still need to be fully addressed, including water and electricity supply, and internet connectivity.

The mayor said they have also intensified the campaign on waste management, especially in the coastal areas, to protect the potential beach destinations.

ECOZONE
Meanwhile, the Mindanao Development Authority (MinDA) said the planned Tawi-Tawi Special Economic and Freeport Zone has also been identified as the host for the revival of the traditional barter trading between Mindanao and its closest neighbors in Malaysia.

MinDA, in a press statement, said reviving barter trading and making it part of the ecozone would strengthen economic ties between the Philippines and the other focus areas of the BIMP-East ASEAN Growth Area.

The government has started drafting an executive order, to be signed by the President, to concretize the plan.

The initial salient points of the draft order, according to MinDA, include the creation of a governing board as well as the Barter Trade Facilitation Center within the Tawi-Tawi ecozone.

The governing board will be tasked to make recommendations and policies relating to barter trading in view of conventional trading rules.

An initial study undertaken by MinDA indicates that, “There is a need to find the best operational model with a pragmatic set of guidelines on how to gradually transition from the current system to formal trade in Mindanao.”

“The special ecozone where barter trade is one of the economic activities, has a deep socio-cultural objective that is linked with the intent to secure areas in Mindanao against transnational crimes and the threats of international terrorism,” MinDA Chair Abul Khayr D. Alonto said in a statement. — Carmelito Q. Francisco and Albert F. Arcilla

Presidential review body to tackle initial reports on 1987 Constitution

By Arjay L. Balinbin

THE subcommittees of the Consultative Committee (ConCom) tasked with reviewing the 1987 Constitution are expected to submit their reports this week for the full committee’s deliberation.

“So far, what has been agreed upon for Monday (March 5) is an executive caucus as the subcommittees are still finalizing reports/matters to be submitted for en banc deliberation and decision. En banc may be held later in the week,” said the office of former chief justice Reynato S. Puno.

Mr. Puno heads the committee that President Rodrigo R. Duterte formed last December to review the Constitution, amid his administration’s plan to shift the presidential system toward federalism.

University of Santo Tomas political science professor Edmund S. Tayao, also a committee member, said the committee will hold an executive caucus on Monday.

Mr. Tayao likewise said regional consultations will then start on April 23. Mr. Puno’s office said a draft of the committee’s recommendations will have been completed by then.

In terms of timetable, “I think we are on track, we are doing everything to fast-track the process without compromising its substance,” Mr. Tayao added.

Last Tuesday, Feb. 27, the committee voted in favor of a presidential-federal system.

In a press briefing last Saturday, March 3, Presidential Spokesperson Herminio Harry L. Roque, Jr. said the Filipino people are ready for federalism. “During his campaigns, he [the President] said he would push for federalism. The people elected him, so I think Filipinos are ready for federalism,” he said.

Robinsons Land opens P80-M transport terminal in Bogo City

A NEW TRANSPORT TERMINAL, built at a cost of P80 million by Robinsons Land Corp. (RLC), is now open in Bogo City in the northern part of Cebu. “This is just the start of more projects that Robinsons Land will undertake which shows the company’s trust and commitment to the City of Bogo in contribution to the city’s dynamic economic growth,” said RLC Regional Operations Manager Floramie Adolfo-Vega in a statement released by the Bogo information office last Friday, March 2. The terminal — with bays for buses and vans for hire, air-conditioned passenger waiting area, washrooms, and food stalls — is managed by the Bogo City government. The facility is part of a 10-hectare property of RLC in Barangay Cayang. “This is the first project we are undertaking but soon we will have a mall. It’s gonna be a mixed-used development,” Ms. Adolfo said. Bogo Mayor Carlo Jose   A. Martinez said the terminal serves as a “symbol of a long-lasting partnership with Robinsons Land Corp.” “I am very proud to say that this terminal came at zero cost to the LGU (local government unit)   Bogo,” he added. Bogo is the commercial and educational center in northern Cebu.

PDIC to bid out real estate, transport assets in Makati and Pampanga

THE PHILIPPINE Deposit Insurance Corp. (PDIC) will bid out five Toyota Hi-Ace commuter vans with a combined minimum disposal price of P713,000 on March 7, Wednesday, at the 6th Floor of the SSS Building along Ayala Avenue, Makati City. The vehicles are available for inspection from March 2 to 5. PDIC, in a statement, said bids will be accepted from direct buyers only not later than 2:30 pm.

MARCH 15
Meanwhile, another bidding is set on March 15 at the Bangko Sentral ng Pilipinas office in San Fernando City, Pampanga for 123 real properties and seven transportation equipment. These assets were acquired by PDIC from closed banks. The real estate properties comprise of agricultural, residential, commercial, and mixed-use lots located in Abra, Baler, Bataan, Benguet, Bulacan, Ilocos Sur, La Union, Nueva Ecija, Pampanga, Pangasinan, Tarlac, and Zambales. The complete list of assets up for disposal are   posted on the PDIC Web site www.pdic.gov.ph.

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