DAVAO CITY, March 16 (PNA) — The Pag-IBIG Fund is targetting 60,000 housing units with loan facility totaling P50 billion by yearend, this was disclosed by its Chief Executive Officer lawyer Darlene Marie Berberabe.
Berberabe made the announcement Thursday during the inauguration of the Fund’s Tagum Branch new office building.
She also led the signing of memorandum of agreements between market vendors association, operators and tricycle drivers associations of Mati City, Davao Oriental.
The MOA signing between the local government units of the cities of Tagum and Mati will facilitate implementing a scheme making registration and membership of Pag-IBIG Fund a pre-requisite for renewal of business permits.
The CEO reported that as of the first three months this year they were already able to lend P12 billion even as she explained that peak of housing projects will come towards the second of the year.
She admitted that with the stricter implementation of policies last year after the Globe Asiatique controversy, there were developers which stopped contracting with Pag-IBIG Fund.
But slowly they started coming back, after seeing a more defined and clear implementation of policies.
This year’s target she said is of 10 percent increase from last year’s target of 55,631 units valued at P38.3 billion.
Cumulative figure of the Fund’s housing program totalled to 841,661 housing units amounting to P313.4 billion.
Berberabe is hopeful about their program, given varied strategies through housing fairs and fora in coordination with the Subdivision and Housing Developers Association and Organization of Socialized Housing Developers Association of the Philippines.
“We will match their projects with the funding of Pag-IBIG Fund,” she said.
She said they are also supported by big developers like the DMCI, Megaworld, Filinvest, Rockwell and Ayala’s Avida.
There are still foreclosed properties she said where 60 percent of these units are occupied by the buyers themselves “and we are offering condonation of penalties until June 2012.”
She said they want these home borrowers to avail themselves of the offer and later become real home owners of the property they occupy.
Meanwhile, Berberabe said the Fund’s gross income amounted to P24.8 billion in 2011 which is 11 percent higher than in 2010 and the biggest in 31 years.
The net asset last year was pegged at P11.959 billion making the Fund’s total asset now of over P302 billion.
“But the growth of the Fund is not restricted to its finances. The past year was a year of changes, growth and action,” she said.
Berberabe said their efforts to provide quality service to our members have been recognized when Pag-IBIG Fund became ISO 9001-2008 Certified in 2011, the first among key shelter agencies in the country.
And we will continue to work hard and act on concerns that would benefit the members.
She said they are looking at 200,000 employers who did not register their employees even as she said that they already filed 167 cases against them (employers).
With the Fund’s program dubbed as “Be A Responsible Employer”, they are offering condonation of penalties for those who have not registered or those delinquent employers where condonation of penalties is pegged at P1.2 to P1.8 billion, she added. (PNA)
DAVAO CITY, March 16 (PNA) — Pag-IBIG Fund chief executive officer Atty Darlene Marie B. Berberabe led the signing of memorandum of agreement (MOA) with Mati City’s associations of tricycle drivers and fish vendors. The signing was held on Thursday in Tagum City which coincided with the inauguration of Pag-IBIG Fund Tagum Branch new office building.
However, Berberabe said they wanted to reach out also to all informal sectors as they wanted them to benefit from the Fund’s program on provident savings and home financing.
Republic Act 9679 requires for universal coverage including those informal groups even as Berberabe said those earning P1,000 up can become Pag-IBIG Fund members.
Berberabe was joined by the Fund’s Southern Mindanao Group vice president Jose W. Banzon, Jr. in singning the agreements and witnessed by Tagum Branch manager Cesar Labuguen. The affair was also graced by Davao Oriental Governor Corazon Malanyaon, the officers of Pag-IBIG Fund, housing developers and representatives of other government agencies and private offices.
Among those who entered into an agreement with Pag-IBIG Fund were the Mati Market Vendors Association led by its president Jerome A. Gupit, Mati Science College Tricycle Operators and Drivers’ Association (MASTODA) with its president Romel Matapid and Badas Tricycle Operators and Drivers Association headed by Santiago Alberto, Jr.
The City Governments of Mati (Davao Oriental) and Tagum (Davao del Norte) also signed separate memorandum of understanding with the Fund represented by Mati City Mayor Michelle Rabat and Tagum City Vice Mayor Allan Rellon for implementing a scheme where registration and membership with Pag-IBIG Fund is a pre-requisite for renewal of business permits.
Meanwhile, Rabat said they wanted their job order employees of about 900 workers who are street sweepers, canal cleaners, civil security unit staff, traffic aids become members.
“We wanted these job order workers be covered and able of the benefits of Pag-IBIG Fund,” she said.
Romel Matapid, president of MASTODA said for our members not to be burdened by one time payment of the P200 monthly contribution, they designed a scheme to pay it daily at P7.
He said they learned of the membership coverage through flyers and posters and they were interested on the savings benefit of the program kay ang kwarta nga among ihulog naa may interest ug dibidendo (the money that we save will earn interest and dividends).
Speaking of dividends, Berberabe said that Pag-IBIG Fund’s board of trustees chair Vice President Jejomar Binay declared some P8.491 billion worth of dividends, equivalent to 71 percent of the Fund’s net income for 2011 and to be divided among the 102 million members.
She said dividend rate was pegged at 4.13 percent, the highest so far.
Berberabe said they took pride in the fact that Pag-IBIG Fund continued to sustain its financial growth through the years, making it one of the strongest and most stable institutions in the country today. (PNA)
RMA/Prix Digna D. Banzon/ldp
It’s a woman again for Pag-IBIG Fund and this time Atty. Darlene Marie B. Berberabe is the new Chief Executive Officer who hails from Batangas City vice Jaime A. Fabiana of Davao City. The first woman head was Zorayda Alonzo, the CEO who, during her time, checks on us if time warrants, while Joe was assigned in Cotabato to open the Branch Office there in the late 80s. Like a Mom, CEO Alonzo by then was concern of the family with Kim at 3 and I was preggy with Joe3 and Joe’s sick father (bed-ridden) left under my care at home. The transfer of work assignment was untimely “sana” with the family situation that time. But after about four years in the wartorn Cotabato the CEO surprised me on my birthday with his transfer to Davao City. The four long years were hard but the transfer was indeed a great relief. I will never forget Mrs. Alonzo in my life time and with a woman again i could only anticipate no less but the good and the best for the workers of Pag-BIG Fund and the members of the Fund … kasali ako dyan sa members. The men (leaders) were exceptionally good but there is something in women perhaps (because of the hand that rocks the cradle). I am not being biased, with this writer being a woman too.
I’ve heard of the new CEO from my hubby and his first meeting with her upclose was when he defended at the SM (senior management) a project for southern Mindanao. The meeting was good and the discussion was comprehensive, he said. The more that he was impressed during the corporate officers meeting where she stressed about strict adherence to government rules and policies and to stick to what is right. I am also impressed with this.
I’ve read about her in the papers and online and here are some interesting information (that were earlier reported) for a law professor appointed as PAGIBIG chief.
Atty. Darlene Berberabe is a professorial lecturer in the College of Law, UP Diliman.
She earned a Bachelor of Arts degree, summa cum laude and valedictorian from UP in 1989. She graduated salutatorian from the College of Law in 1999. She is an associate lawyer in Quisumbing Torres (Baker & Mckenzie) Law Office and was a professor in the Department of Philosophy, UP Diliman. In the College of Law, she is a professorial lecturer who teaches Legal Theory. Her MA thesis in 1995 was on the Divine Command Theory. She wrote “Retail Trade Liberalization” which was published in the Asia Pacific Legal Bulletin in 2000. She is described as a labor law specialist.
Prior to her appointment as Pag-IBIG chief, Berberabe was the head of the Corporate Legal Department of multinational company Procter & Gamble (P&G) Distributing (Phils.), Inc. She joined P&G in 2004. Before that she was a Labor Associate at the Quisumbing Torres (Baker & McKenzie International) Law Office from 2000 to 2004. An academician, Berberabe was also a Professor of Philosophy for 10 years at UP Diliman, the first female Philosophy Professor; and Professorial Lecturer of Labor Law, Legal Method and Legal Theory at the UP College of Law from 2002 to 2008.
The above data is so rich and tough but I think she’s one good person by heart. She even asked Joe about us and the children and when she was in Davao City, December 15 to lead the loyalty service awarding of employees from Southern Mindanao, Northern Mindanao and the Visayas Group she took time for foto opportunities not once but many times with the employees which she readily obliged herself.
I know there are more good things to come to HDMF (with credit of course to the former bosses), the office is my husband’s bread and butter even as we are equally proud to be part of that one big family now stronger at 30.
I am looking forward to my first interview with the woman who is the boss of my husband together with my Davao business reporters friends.
Photo courtesy of Eric Morales.
This may not be biz story … but i want to share this coz all of us have older persons in the family ….September 21, 2010
Nonagenarian Duterte speaks about Alzheimer’s disease in Davao City
DAVAO CITY, Sept. 20 (PNA) – The 90-year-old Soledad Duterte will be one of the speakers in the 8th Annual convention of the Alzheimer’s Disease and Related Disorder here from Oct. 7 to 8 at the Marco Polo Hotel Davao.
However, she said they did not have yet data as to number of cases, but she got at least two new cases a week in her clinic.
Their data show that about 70 percent of Filipinos 60 years old and above manage to live good quality of life while the remaining 30 percent of them are vulnerable to dementia.
Aside from the attitude of not seeing a doctor, the other problem would be economic because of the difficulty of convincing the family to see a doctor as most of them declined due to the high cost of treatment.
Seeking treatment could reduce the problem but sustaining the treatment in order to bring back quality of life was another thing, she said.