Huling Hirit from Cotabato Branch …. (save the best for last) …. they’re not disturb by any conflict as they make peace to everyone including the ghosts and here they are with their costume parade … (thanks Liz for the photos buti na lang may friendster … tnk u !)
The kids had fun and adults too as Pag-IBIG Fund in Davao had a day of “Trick or Treat” on October 30, 2008 at Pryce Tower Business Park. Some 150 kids feast on popcorn, hotdogs and mallows, cotton candy and line up at the fountain of chocolate, witness the magic and tricks of Bonjing, the magician. With nine stations to do “trick or treat” there’s no stopping of the kid’s thrill filling in their loot bags with goodies. The OVP station was overflowing with stuff of chocolait, jellyace and eaji courtesy of San Miguel Foods, INc. (thanks to Randy Dominguez).
One girl said they had wonderful time and would look forward to the 2009 Trick or Treat of Pag-IBIG Fund.
Atty. Tonet Diaz, chair of the event said that this is their way of treating kids as the world commemorates All Souls Day, a celebration being observed worldwide each year. An event like this also would allow employees’ kids be exposed to the working environment of their parents, giving them idea where their parents work and how their offices look like.
Vice President Jose W. Banzon, Jr. of the Fund’s Southern Mindanao Group said occasions like this also strengthens camaraderie among workers as they further build team work while members of their respective families get the chance to interact with one another, find new friends and renew existing friendship.
He said the Halloween Trick or Treat also was observed in their three other branches in General Santos City, Tagum City and Cotabato City.
The Halloween Trick or Treat was celebrated in all branches of Pag-IBIG Fund as its President, Atty. Romero FS Quimbo asked the Fund’s officers and employees to undertake such event in observance of All Souls Day in line with Management’s thrust of fostering fellowship among the members of Pag-IBIG Family.
In Davao, the nine units dressed up their areas for Halloween with the Admin & Accounting Division getting the best dressed award. Used carbon papers, old newspapers, dried grass and vines, and other indegenous materials were used to transform the area into a “horror house” with matching sound and lighting effects. The employees of this division were all in black and matched their attire with the witch hat.
Diaz said they were able to deliver what was expected of them even without budget but what was important was that everybody had their share of making the event a SUCCESS !
This was said by Majority Floor Leader Councilor Danilo Dayanghirang during the Kapehan sa Dabaw at SM City who also added that the Committee on Housing headed by Councilor Arnulfo Cabling and City Planning Head Engr. Ma. Luis Jacinto still have to come up with a decision on the complaint filed by Ma-a residents against real property developers Villar and Consunje who owns the high-end properties in the area.
The issue, he said was due to the complaint about development in the area which the residents said is without permit.
He said the ordinance already went to several adjustments and it is high time for the ordinance be reviewed.
Davao City‘s revised zoning ordinance was passed in 1996 and enacted in 2002. The zoning code regulates the use of the city’s land resources in the implementation of the Comprehensive Development Plan of Davao City. It is supposed to be updated every five years.
The updating of the Comprehensive Development Plan and Zonification Ordinance of Davao City is actually a priority project of the 15th City Council (2007-2008).
The purposes of the Revised Zoning Ordinance of 1996 capture this need for balance: to guide, control and regulate future growth and development of Davao City in accordance with its Comprehensive Development Plan; and to promote and protect the environment, health, sanitation, safety, peace, comfort, convenience and general welfare of the inhabitants in the locality.
Meanwhile Councilor Pilar Braga said that they deemed it proper that before development permit is granted they should get a clearance from the traffic management.
She said in the case of property development like malls, traffic plans are already done before the construction of the mall kaya late na. “We will review also the traffic ordinance,” she sai
Amidst the present economic woes, architects in the region are optimistic that real property industry will bounce back by 2009.
Agatha Ellen Salanatin Valencia, president of the United Architects of the Philippines (UAP) during the Davao Business Forum held at SM City’s MediSpa on Tuesday bared that the prospects of the industry in the succeeding years is on the positive note..
“I am optimistic with how the industry will run by 2009 in Davao at the rate the construction works are going,” she said.
UAP vice president Francisco Hidalgo said there is really a boom in the construction industry with the coming in of big projects especially in the key cities of Mindanao.
He said there are several projects being done in Davao City that will go on for two to three years while expansion of private offices, schools and housing are also ongoing.
Hidalgo pointed out that the “meltdown” won’t affect really affect the industry because in the construction industry Filipino clients won’t deal with the suppliers unless the investment is secured.
Jay Mendoza, past president of UAP and chairman for marketing of the UAP national convention said that the experience of the Filipinos during the previous Financial Crisis has prepared them for the worst.
He said there are a lot of things to look for in the industry and they are still challenged by many other factors even as he said that they hope other sectors would help the architecture industry.
Hidalgo on the other hand said Davao City was not well planned citing the location of new and big businesses in areas that would in the future affect the flow of traffic.
He said their sector could assists the government of Davao City as they wanted to be accredited as member of the planning board of the city.
Mendoza on the other hand said that they are advocating sustainable architecture saying that they incorporate the “green environment” in their designs.
He said structures nowadays are built in such a way that it is cost effective and they play with concepts that lessen the presence of carbon footprints.
“Make use of the sun for solar energy and the rain for water needs in the toilets, laundry and others and use less wood in the construction of the building,” he added.
The UAP will play host to the National Convention of Architects in the Philippines from October 23 to 25, 2008 at the Grand Regal Hotel.
The convention will also showcase an exhibit that will feature products of suppliers that would promote environment friendly structures and others.
Please check this site www.pagibigfund.gov.ph
Membership under the Pag-IBIG Overseas Program (POP) shall be open to all Overseas Filipino Workers (OFWs) with valid visas or employment contracts. Likewise, it shall be open to Filipino immigrants and to Filipinos naturalized in other countries.
The POP member shall contribute monthly an amount equivalent to US $5. Should a POP member decide to apply for a housing loan and which to avail of a higher loanable amount, he would be required to upgrade his membership contribution as follows:
CONTRIBUTION RATE PESO EQUIVALENT LOAN ENTITLEMENT
US $5 Up to P250,000
US$ equivalent at point of availment
P300 Over P250,000-P375,000
400 Over P375,000- P500,000
600 Over P500,000 – P750,000
800 Over P750,000 – P1,000,000
1000 Over P1,000,000- P1,250,000
1,200 Over P1,250,000-P1,500,000
1,400 Over P1,500,000-P1,750,000
1,600 Over P1,750,000-P2,000,000
The upgraded membership contribution shall be incorporated as part of the housing loan monthly amortization
Variable dividends from surplus earnings of the Fund shall be distributed annually to all POP members, to be credited to their Total Accumulated Values (TAV).
The accumulated savings under the program may only be withdrawn at the end of five (5), ten (10), fifteen (15), or twenty (20) years at the option of the member upon membership registration. Withdrawal of contributions shall be in Philippine peso. Contributions in foreign denomination shall be converted to Philippine peso based on the prevailing US dollar exchange rate as of payment date.
POP members may avail themselves of the housing loan benefit, subject to the provisions of the existing Consolidated Guidelines of the Pag-IBIG Housing Loan Program, through their immediate family members with the execution of a Special Power of Attorney (SPA), duly certified by the Philippine embassy or consulate in the country of their workplace. They can also avail of the Multi-Purpose Loan (MPL), subject to the existing guidelines of the MPL Program
WHERE CAN MEMBERS FILE THEIR APPLICATION FOR MEMBERSHIP, WITHDRAWAL OF SAVINGS, REMIT OR PAY THEIR MONTHLY SAVINGS?
Pag-IBIG Overseas Program Office
POP Overseas Offices
Accredited Overseas Marketing Representatives
Metro Manila and Provincial Offices
Accredited Collecting Banks/Remittance Companies
WHAT DOCUMENTS TO SUBMIT TO APPLY FOR REFUND OF SAVINGS?
-Original copy of POP Passbook
-Application for Provident Benefit
-Special Power of Attorney ( if applicable)
HOW LONG IS THE PROCESSING PERIOD?
Three (3) working days
Housing Fair slated this October … details will be posted as soon as I have them. Checkon this from time to time. Thanks !
These guidelines covering the Optional Withdrawal of Pag-IBIG Savings Program, also known as Kaunlaran Sa Pag-IBIG: Balik-Impok, Ginhawa Kaloob (KASAPI: BIG Ka), is being implemented by Pag-IBIG Fund in recognition of its members who have registered under RA 7742 for their continuous membership with the Fund by giving them the option to withdraw the total accumulated value (TAV) of their contributions after ten (!0) years of continuous service and after having made 120 monthly employer and employee contributions without gaps after the effectivity of R.A. 7742.
Likewise, these guidelines shall cover all members who voluntarily joined the Fund under the provisions of EO 90 and have contributed 120 monthly employer and employee contributions without gaps after the effectivity of R.A. 7742: Provided, that only contributions generated or collected after the effectivity of RA 7742 may be withdrawn. Accordingly, the TAV of the members registered under EO 90 which were generated prior to the effectivity of RA 7742 shall remain with the Fund and shall only be withdrawn upon their membership termination from the Fund.
For members registered under Presidential Decree 1752, withdrawal of TAV shall be governed by the rules and regulations on the said PD
Please read more of this @ http://www.pagibigfund.gov.ph
WHEN YOU APPLY FOR A HOUSING LOAN TAKE NOTE OF THIS PLEASE !
- A Pag-IBIG member for at least 24 months and has remitted 24 monthly contributions
- Not more than 70 years old at loan maturity and must be insurable
- Has no outstanding Pag-IBIG housing loan either as principal or as co-borrower
- Has legal capacity to acquire and encumber real property
- Has passed satisfactory background/credit and employment/business checks
- Has no Pag-IBIG multi-purpose loan in arrears at the time of application
- Has no Pag-IBIG housing loan that was foreclosed, cancelled, bought back or subjected to dacion en pago
Schedule of Loans
Monthly Member’s Contribution Loan Entitlement
200 Up to P500,000
250 Over P500,000 to P600,000
300 Over P600,000 to P700,000
350 Over P700,000 to P800,000
400 Over P800,000 to P900,000
450 Over P900,000 to P1M
500 Over P1M to P1.1M
550 Over P1.1M to P1.2M
600 Over P1.2M to P1.3M
650 Over P1.3M to P1.4M
700 Over P1.4M to P1.5M
750 Over P1.5M to P1.6M
800 Over P1.6M to P1.7M
850 Over P1.7M to P1.8M
900 Over P1.8M to P1.9M
950 Over P1.9M to P2M
Processing Fee P3,000.00
Pay P1,000.00 upon filing
Pay balance of P2,000.00 upon loan take-out
AFFORDABLE MONTHLY AMORTIZATIONS (comparative from old to new rate)
Loan Package Monthly Payment Savings
P300,000 P1,798.65 (before P2,413.87) P 615.22
P500,000 P3,326.51 (before P4,38.86) P1,061.35
HAVE YOU THOUGHT OF THIS ? - for those of you still renting a house probably your rental is higher than this amortization rate. REMEMBER : RENTING IS NOT OWNING THE HOUSE. HURRY ! You still have enough time before you reach the age of 70, by then you will no longer qualify … Your time is now so grab this !
INTEREST RATES (Comparative from old to new rates)
Amount New Interest Rates
Up to P300,000 6% (before 9 %)
Over P300,000 to P750,000 10% 7% (before 10%)
Over P750,000 to P2 M 10.5% (before 11-12%)
Visit or call these Pag-IBIG Branch Offices for details
Davao Branch HOUSING DIVISION
2F Pryce Tower Condominium
JP Laurel Avenue, Davao City
Tel No. (082) 2241793
Tagum Branch HOUSING DIVISION
2F Ramos Bldg., Arellano Street, Tagum City
Tel. No. (084) 4004700
General Santos Branch HOUSING DIVISION
2F RD Bldg., Santiago Blvd. General Santos City
Tel. No. (083) 5545468
Cotabato Branch HOUSING DIVISION
6F CYM Bldg., Don Rufino Alonzo St., Cotabato City
Tel. No. (064) 4216946
The Pag-IBIG Housing Loan Program can either be for
Ø Construction of a Residential Unit
Ø Lot Purchase
Ø Purchase of a Residential Unit
Ø Lot Purchase and House Construction
Ø Home Improvement
Ø Combination of Loan Purposes
Maximum of 30 years
Application Procedure for
“Magaang Pabahay, Disenteng Buhay Program”
- Check on the list of the Fund’s available acquired assets for sale
- Secure, accomplish and submit two (2) copies of Reservation Form
- Receive duplicate copy of the Reservation Form duly signed by the Fund’s authorized representative. You will be given a priority number and take note of that priority number.
- Confirm your offer to purchase and pay the 5 percent downpayment within 5 days from date of reservation. Otherwise, the reservation shall be cancelled.
- The remaining 95 percent shall be paid either thru cash or Pag-IBIG Housing Loan.
Documentary requirements for purchase made through Pag-IBIG Housing Loan
- Housing Loan Processing Fee of P3,000.00
- Income Tax Return/ W2
- Certificate of Employment & Compensation (duly notarized)
- Latest (1) month Payslip (duly certified by the employer)
- Audited Financial Statement for Self-employed
- Latest Employment Contract for OFWs
- Photocopy of TIN Card & Cedula
- Member’s Status Verification Slip (MSVS)
About 5,000 Pag-IBIG Acquired Housing Units are up for sale of discounted rates from 15 percent to 25 percent discount.
Could be availed through
Cash Sale or
> 6 percent interest rate > 30 years loan term
> 5 percent downpayment of discounted selling price
Location – > Davao City, Tagum City, Samal City, Panabo City, General Santos City
Koronadal City, Cotabato City, Kidapawan City, Tacurong City
Ø Compostela Valley Province, Davao del Norte, Davao Oriental,
Ø Davao del Sur, South Cotabato, Sarangani, North Cotabato,
Ø Maguindanao, Sultan Kudarat
For those of you who are interested please visit or call the following
Acquired Assets Unit of Pag-IBIG Fund
2F Pryce Tower Condominium
JP Laurel Avenue, Davao City
Tel. No. (082) 224-4733
2F Ramos Bldg.,
Arellano St., Tagum City
Tel. No. (084) 400-4698
GENERAL SANTOS BRANCH
2F RD Bldg.
Santiago Blvd., General Santos City
Tel. No (083) 552-7632
6F CYM Bldg.
Don Rufino Alonzo St., Cotabato City
Tel. No. (064) 421-6946
And this time Pag-IBIG Davao Branch Office was rated top agency for 2008 Public Assistance Service Delivery Audit.
Civil Service Commission (CSC) Chair Ricardo Saludo conferred the award to the Home Development Mutual Fund (HDMF) during the culminating activity of the Civil Service Month celebration through Davao Branch manager Manolito O. Olegario at the SM City Event Center on Tuesday, September 30, 2008.
Together with Pag-IBIG Fud with a rating of 4.17 percent for PASADA is the Philippine National Police Davao City Office getting a rating of 4 percent. The award for the PNP was received by Davao City Police Director Sr. Supt. Ramon Apolinario.
It may be recalled that Pag-IBIG Fund Cotabato Branch Office headed by Manager Noli A. Armada was awarded the CSC Seal of Frontline Service Excellence in 2007 and was given the highest award of excellence, an additional recognition as they became part of the nationwide publicity for best practices in the bureaucracy.
Both the Cotabato and Davao Branch Offices belong to the Southern Mindanao Group under the supervision of Vice President Jose W. Banzon, Jr.
The CSC rates agency on delivery of frontline services through a team of volunteers where it transacts business with agencies not known to the agency being rated.
The strategy is simple as a pool of Public Service Monitors checks and tests out public services.
The government office delivery of services is tested by the PASADA where the office was assessed in terms of providing service, structures, systems and procedures and the physical condition.
The Fund’s value of customer care as well as meeting the expectations of the transacting public for prompt, courteous, responsive, facilitative and pleasant service were also factors considered in the award.
The CSC puts premium in promoting morale, efficiency, integrity, responsiveness and courtesy in government service.
The PASADA is a proactive mechanism installed to address the problems brought by inefficiency at the government’s first line of contact with the citizenry.
It also provides mechanism through which the performance of government frontline services can be systematically checked and evaluated.
Meanwhile the Dangal ng Bayan Award semi-finalists were also recognized during the Awarding Activity with CSC Chair Saludo namely Naida G. Lasangre, Instructor II of Lupon School of Fisheries of Davao Oriental and F/Supt. Wilberto Rico Neil Kwan Tiu.
With the 108th celebration of Civil Service, a one stop shop for government frontline agencies was set up from September 29 to 30, 2008 at the SM City Event Center where 22 agencies such as Pag-IBIG , Department of Foreign Affairs, National Statistics Office, Department of Agriculture, TESDA, DCWD, Davao City Business Bureau, Department of Science and Technoly and others showcased their different services for the public to access.
Shown in Top Photo shows (L-R) CSC Chair Saludo, Pag-IBIG Fund Davao Manager Manolito Olegario and CSC XI Regional Director Annabell Rosell while shown in top most photo are Pag-IBIG Fund Davao Staff headed by Operations Chief Agustin Deguilmo and middle managers Erna Taghap and Elsa Boquison marketing officer Maridee dela Cerna, HR officer Laarni, marketing and enforcment Enting Duenas and Raul Dangoy for mobility during the one-stop shop showcase of government agencies at SM City Event Center on September 29 to 30, 2008. Also shown in photo below from left to right are Manager Olegario, Chairman Saludo, F/Supt. Tiu, Teacher Lasangre and CSC XI Director Rossell. (Photo taken by Edgar Arro of Mindanao Times thank you !)
Here’s the list ….
LIST OF ACTIVE SUBDIVISION OWNERS/DEVELOPERS WITHIN REGION XI
As of June 2008
(Data was furnished by the Housing and Land Use Regulatory Board
Thanks Regional Officer Roy T. Lopez)
ARCH. KRISTIN H. LU
President and Gen. Manager
Kisan Lu Realty Inc.
MR. ANTONIO DOMINGO
Santos Land Dev’t Corporaton
MR. DEBIN A. URAYA
Uraya Land Dev’t Corporation
MR. FRANCISCO M. SORIANO
President and General Manager
FM Soriano & Co. Inc.
MR. HENRY L. CHUA
HLC Construction & Dev’t Corporation
8990 HOUSING DEV’T. CORP.
MR. MARYLINE L. PASTORIZA
Foothills Realty & Dev’t Corp.
MR. REYNALDO B. NAVARRO
LS Properties Inc.,
FLORANTE B. DEL ROSARIO
Ridge Estate Dev’t. Corp.
MS. MYRNA LYNN R. GILIG
Communities (Davao), Inc.
MR. CARLITO C. DUBLAN
President & General Manager
Davao Elite Properties Mktg. Corp./
Primeland Dev’t. Corp
MR. JOSE MANUEL T. ESCALANTE
Regional Operations Manager
Sta. Lucia Realty & Dev. Corp. Inc.
MS. AIMEE MARIE BANGA
Forest Lake Memorial
MR. ALLAN BARQUILLA
Filinvest Land., Inc.
MR. LORENZO ANG
MR. JOSE MA. L. ESCANO
DMC URBAN PROPERTY DEVELOPERS, INC.
LANDO PACIFIC CORP.
MR. BERNARDO ARQUIZA
Jireh Land Dev’t Corp.
GENE C. BANGAYAN
Holiday Garden Island Dev’t Corp.
FERMIN C. SOLANTE
Solante Notarial Office
The Home Development Mutual Fund or Pag-IBIG in Region XII was awarded the CSC Seal of Frontline Service Excellence after going through assessment by a volunteer team of the Civil Service Commission (CSC).
The award of Pag IBIG Fund, the lone awardee in Region XII, was conferred on the occasion of the 107th Philippine Civil Service Anniversary, the 21st of September last year, in Cotabato City through officer-in-charge Noli Armada and vice president for Southern Mindanao Group Jose W. Banzon, Jr.
For this year’s 108th Civil Service celebration, the Pag-IBIG Fund South Min congratulates Pag-IBIG Fund Butuan City for winning the Pag-asa Award.
CSC chairperson Karina Constantino-David issued the award to the Pag-IBIG Fund Cotabato Branch for exemplars in the delivery of frontline services as tested by the Public Service Delivery Audit/Assistance (PASADA) Volunteers.
The Fund was assessed in terms of providing service, structures, systems and procedures and the physical condition.
The value of customer care of the Fund as well as meeting the expectations of the transacting public for prompt, courteous, responsive, facilitative and pleasant service were also factors considered in the award.
Under the PASADA, the CSC places premium in promoting morale, efficiency, integrity, responsiveness and courtesy in government service.
The PASADA is a proactive mechanism installed to address the problems wrought by inefficiency at the government’s first line of contact with the citizenry.
PASADA provides a mechanism through which the performance of government frontline services can be systematically checked and evaluated.
The program operates on a simple strategy where a pool of volunteers or Public Service Monitors checks and tests out public services.
Pag-IBIG Fund XII getting the CSC Seal of Frontline Service Excellence as an additional recognition will be part of the nationwide publicity of best practices in the bureaucracy.
Pag-IBIG Fund Davao branch raked in about a billion pesos under its end-user financing for housing projects as of November 2007 making the Southern Mindanao Group achieved 116 percent performance for its housing services. Most of the homebuyers from the other parts of Mindanao chose Davao City to locate their residence or second home.
The Southern Mindanao group surpassed their target by hitting 116 percent or about P1.454 billion which were spent to fund some 3,797 units as against the 2007 target of only P1.258 billion.
Davao City (to include Davao del Sur area) was able to deliver some 2,079 units valued at P957,175,000; General Santos City with 795 units with cost at P265,317,000; Tagum (including Davao Oriental and Compostela Valley Provinces) had 715 units with P165,598, 000 funding and Cotabato (to include Maguindanao, North Cotabato, Sultan Kudarat and Cotabato City) had 208 with P66,664, 000.
Pag-IBIG Fund vice presdient for Southern Mindanao operations Jose W. Banzon, Jr. attributed the increase in housing availment to their new scheme where interest rates were brought down making housing units affordable to homebuyers.
He said they observed that homebuyers in Davao City are mostly families sending their children in colleges and universities.
“This is the wisest decision they make because it is more advantageous nowadays to buy a house than rent one where the amortization is much lower than renting a house,” he said.
For a P300,000 house and lot package one would only get an interest rate of 6 percent or an amortization of about P1,800. Before the same package was charged 9 percent interest rate and the monthly amortization of P2,700.
Loan borrowers of Pag-IBIG Fund have been given a two percent discount when they pay their home loans before the due date. The new scheme is part of the benefits’ package for workers dubbed as “Good Payor Incentive Program”.
The Fund grants some P6.18 billion in dividends to nearly 6.5 million Pag-IBIG members nationwide.
The 2006 dividend comprises 80 percent or the largest ever percentage cut from the Fund’s net income, which represents a dividend rate of 4.81 percent. The Pag-IBIG Fund Charter provides that it should distribute at least 70 percent of its annual net income as dividends to its members.
The steady increase in annual dividends signifies the Pag-IBIG Fund’s continuous growth and stable financial standing.
Pag-IBIG Fund president and CEO Atty Romero Quimbo declared that a higher income for the Fund invariably leads to higher dividends and better services for the Fund members.