“We had fun, fun, fun” @ Pearl Farm (Summer Outing 2010)

March 26, 2010


They had fun n the sun and the sand … while we rated their performance in a unique show of talents, guts, poise, pose and grace …. then they ate , played fun games, they swim, toured the place, talked, laughed, laughed and laughed.

Twas one event in March they will continue to recall with matching laughter … als…o because of Lady Gaga. I too didn’t miss that. i had my foto taken with the red hair lady. The winners of the hunk and the babe in bikini were also equally exciting so with the different group presentations.

Joe and I had fun and enjoyed the day with the Pag-IBIG Tagum branch, the group headed by Beth. Kudos to you all. Thank you guys … for the invites … twas indeed a fun day.

The kids were there too not only to enjoy but cheer to their Moms and Dads, Titos and Titas.

Everyone were in their summer get ups plus accessories of colored hats, bags, flip flops, different shapes and colors of shades, shorts and swimsuits.

Foreign visitors were there too to have fun.

well … it’s facebook time so i’m sharing to you some fotos I took in between my task as one of the judges along with Joe and a Daddy …all because of “The Heat Is On” Summer Outing on March 20, 2010.


March 25, 2010

Pag-IBIG Southern Mindanao conducts saturation drive for RA 9679

DAVAO CITY, Feb. 10 (PNA) – The Home Development Mutual Fund otherwise known as Pag-IBIG Fund is now conducting a massive saturation drive in order to reach out to all sectors that will be covered by Republic Act 9679 or the Home Development Mutual Fund (HDMF) Law of 2009.

Pag-IBIG Fund vice president for Southern Mindanao operations Jose W. Banzon, Jr. said they expect an additional 85,000 new members with the passage of the new law in their area of responsibility covering four branches namely the Davao that includes Davao City and Davao del Sur; Tagum branch including Tagum City, Island Garden City of Samal, Compostela Valley Province, Davao del Norte and Davao Oriental; General Santos branch comprising the cities of General Santos and Koronadal, South Cotabato Province and Sarangani; and the Cotabato branch covering the cities of Cotabato, Tacurong and Kidapawan and the provinces of Maguindanao, North Cotabato and Sultan Kudarat.

He said with their ongoing drive, many showed interests as their offices receive several queries daily from those sector formerly not covered and are now included in the coverage.

“We do door to door visits to establishments, offices and companies and send letters to homeowners associations and those self-employed entrepreneurs and other sectors if only to reach out to these people for them to be covered by the new law so they could avail of the services and benefits due them once they are covered by the HDMF law,” he said.

Meanwhile, Banzon said total membership for the Fund corporate wide in 2009 accounted to 7.5 million and target for 2010 is pegged at 9.5 million. The Southern Mindanao Group membership in 2009 totaled 484,302 or an increase of 3.2 percent in 2008 or 469,020 active members.

He said with their target of 85,000 for new members this year, their total Pag-IBIG members by end of 2010 would be about 569,302.

He said the new law has a universal or expanded members coverage where it becomes mandatory for all employees covered by the Social Security System (SSS) provided “that actual membership in the SSS shall not be a condition precedent to the mandatory coverage in the Fund and shall include but are not limited to private employees regardless of income, whether permanent, temporary or provisional and is not over 60 years old.

A household-helper earning at least P1,000 a month, a Filipino seafarer upon signing of the standard contract of employment between the seafarer and the manning agency. Self-employed person regardless of trade, business or occupation, with an income of at least P1,000 a month or not over 60 years old.”

Also covered are self-employed professionals such as doctors, lawyers, dentists, Certified Public Accountants (CPAs), architects, engineers, and others, business partners and single proprietors, actors, actresses, directors, scriptwriters, news reporters, professional athletes, coaches, trainers, jockeys, individual farmers and fishermen.

He said all employees under the Government Service Insurance System (GSIS) are also covered regardless of their status of appointment and income.

He said coverage for those Filipinos employed by foreign-based employers or the Overseas Filipino Workers (OFWs) is now mandatory.

Voluntary coverage, he said will only apply to barangay officials, non-working spouses of Pag-IBIG member, leaders and members of religious groups, Filipino government or international organization and self-paying individuals.

The contribution rate with monthly compensation of P1,500 and below for the employee is 1.0 percent and the employer at 2.0 percent. Those over P1,500 would have equal contribution of 2 percent for both the employee and the employer.

He said the maximum monthly compensation to be used in computing the employee and employer contributions shall not be more than P5,000.

Banzon said the employees’ Pag-IBIG contribution will earn dividends even as he said that in 2009 they paid five-percent dividends to the Fund members that go to their accumulated savings which they can withdraw among others upon maturity of 20 years, or retirement from the service. The savings thru the Fund is tax-free, meaning the members get 100 percent equivalent amount. (PNA)
LAP/Prix Digna D. Banzon/lvp

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March 25, 2010

Pag-IBIG Southern Mindanao releases P5.9B for salary, housing loans in 2009

DAVAO CITY, Feb. 10 (PNA) — A total of P5.9 billion was availed of by a good number of Pag-IBIG Fund members of Southern Mindanao in 2009.

Pag-IBIG Fund vice president for Southern Mindanao operations Jose W. Banzon, Jr. reported that both the multi-purpose loan (MPL) and housing loan registered double-digit percentage increases.

For the MPL alone, he said almost half of the Pag-IBIG members in their area availed of this type of loan, accounting to P3.398 billion by some 208,291 borrowers or an increase of 20.91 percent as against 2008 with only P3.001 billion with 198,303 who borrowed.

The multi-purpose loan is among the sought after services in the Davao branch, which receives 400 applications daily. With all requirements met processing is done within the day.

“Traffic is heavy during the months of May and October as most of the borrowers use the proceeds of their loan for enrollment purposes of their children,” Banzon said.

Meanwhile, Banzon said as to housing loans they were avail to release P2.361 billion to some 5,270 borrowers as against the P1.935 billion in 2008 availed of by 4,825 loan takers.

He said with regards to loan value, it generated about 21.98 percent for the year in review while number of takers registered an increase of 9.22 percent.

More than half of the borrowers were from Davao of about 2,868 and valued at P1.451 billion followed by General Santos with P494.9 million of 1,108 borrower, Tagum (Davao del Norte) with P294 million and 931 borrowers and Cotabato, P120.4 million by 363, he said.

The average loan value for last year was pegged at P448,077 in 2009 and P401,206 in 2008. Its housing loan collection in 2009 was at P1.239 billion or an increase of 19.03 percent compared to 2008 with P1.041 billion.

Banzon also reported that active membership level in Southern Mindanao as of last year totaled 484,302 compared to 2008 with only 469,020 or an increase of 3.26 percent.

Among the operating units within the Southern Mindanao Group (SMG), he said the Davao branch still has the most number of members with 204,045 in 2009 compared to 197,401 in 2008 or a 3.37 percent increase and followed by General Santos with 105,911 or an increase of 3.27 percent against the 2008 figure of 102,556.

He said Tagum had 89,974 members as of last year and registered an increase of 5.45 percent as against 85,325 the previous year while Cotabato had 84,372 members or a .76 percent increase from the previous year with only 83,738 members.

With regards members contribution almost half of the pie was contributed by the Davao branch with P509.3 million in 2009 compared to P473.5 million in 2008 or an increase of 7.54 percent. Half of Davao’s contribution was shared by General Santos with P256.8 million last year or an increase of 8.57 percent against 2008’s figure of P236.6 million. Tagum branch delivered a big increase with 22.16 percent or P240.1 million compared to its 2008 contribution of only P196.5 million. Cotabato had 241.9 million in 2008 which lower by -9.04 percent compared to that in 2008 with P265.9 million.

Total member’s contributions of SMG accounted to P1.248 billion or 6.44 percent increase compared to the 2008 total contributions of P1.172 billion.

The developer’s loan release posted an increase of 70.74 percent in 2009 with P247.980 million as against the 2008 figure of P145.236 million.

Of the operating branches, he said Davao registered 112.84 percent increase in 2009 with P178.143 million as against the P83.700 million in 2008, General Santos posted a decrease of -14.98 percent with P48.637 million last year compared to P57.207 million the previous year while Cotabato had P21.200 million in 2009 or a 389.72 percent against P4.329 million in 2008.

As to developers’ loans collections, the Group noted an increase of 51.68 percent with P229.562 million last year as against the previous year with only P151.342 million.

As to its financial highlights, Banzon said the SMG registered a gross income of P1.293 billion with net income of P1.002 billion or a percentage change on net income of 43.26 percent with that of 2008 with only P699.565 million.

Banzon attributed the positive performance to the increasing number of workers covered by the Fund and the number of members who availed of their line of services plus the lowering of interest rates applied to housing loans.

He also said some of the areas covered by SMG had become growth areas and noted that proceeds availed of by members through the multi-purpose loans were plowed back to the economy as more money were in circulation within the area while housing carries multiplier effect of 16 times as it opens also several economic activities. (PNA)
LAP/Prix Digna D. Banzon/lvp

March 25, 2010

Pag-IBIG Fund targets 1-M OFW members in 2010

DAVAO CITY, Dec. 14 (PNA) — The Home Development Mutual Fund (HDMF), or Pag-IBIG Fund, is set to increase its membership of overseas Filipino workers (OFWs) to one million in 2010.

This was revealed by HDMF vice president for Southern Mindanao operations Jose W. Banzon Jr. during the “Handog ng Pag-IBIG Fund sa OFW” over the weekend at SM City Davao entertainment center.

Pag-IBIG Fund has current membership of 470,000 OFWs, and aims to double the figure by 2010.

Meanwhile, Banzon said in recognition to the huge contribution of OFWs to the country’s economy, the agency came up with fitting tribute to them by letting them understand further the benefits they get from the Fund as members, and a simple celebration for the Christmas season.

Citing figures from Bangko Sentral ng Pilipinas, Banzon said the total remittances of OFWs from 2003 to 2008 amounted to US$ 70.5 billion or P3.2 trillion. The figure for 2009 is at P284 billion or equivalent to 71 percent of the national budget of the Philippine government for 2010.

Pag-IBIG Fund, he said has set up offices in the Philippine embassies and consular offices to cater to queries and other services of Pag-IBIG member.

With the passage of the new law or Republic Act 9679, the OFWs in 2010 are covered by Pag-IBIG Fund as compulsory members.

Once a member of the Fund, OFWs will enjoy benefits and service such as multi-purpose loan, housing loan and earnings of dividends, he said.

He said an OFW that will pay five dollars monthly contribution could avail among others of a housing loan with six percent interest rate per annum for a house and lot package of P300,000 or other types of packages.

Banzon said OFWs tax free contribution could earn at least 4.5 percent.

Linda Moreno, HDMF vice president for Philippine International Operations Group, said they will open more offices abroad to make the Pag-IBIG Fund services more accessible to OFWs.

Lawyer Marie Antoniette D. Diaz, assistant manager for Pag-IBIG Fund Davao, the agency’s fund being exempted to taxes can be used for more programs including payment of dividends to members. (PNA)

March 25, 2010

Speaker commends Pag-IBIG Fund’s housing efforts

DAVAO CITY, May 11 (PNA) — House Speaker Prospero C. Nograles commended the Home Development Mutual Fund, popularly known as Pag-IBIG Fund, for its aggressive implementation of the government’s housing program.

This was concurred by the House Committee Chair on Housing, Rep. Rodolfo Valencia, in a recently held public hearing at the Grand Men Seng Hotel here.

Nograles and Valencia, together with Representatives Anton Lagdameo, second district for Davao del Norte and Rolando Uy, first district of Cagayan de Oro City, conducted a Public Hearing on House Bill Nos. 89, 411, 1932.

“Maganda ang pagpatakbo ng Pag-IBIG sa kanilang programa (Pag-IBIG’s housing program is highly commendable),” he said.

He said these are inputs that could be used in the other proposed bills with regards to housing programs.

During the public hearing, Pag-IBIG Fund deputy chief executive officer Jaime A. Fabiana reported that the Fund, after implementing RA 8501 or the Condonation Law, was able to apply condonation of 51,000 accounts.

He said if not for the Law, these 51,000 loan accounts would be foreclosed.

“We were successful in implementing the program and, in fact, 30,000 of these borrowers are now regularly paying their amortization,” he said.

He said other features of RA 8501 like the non-interest portion of the loan to be restructured is already implemented by the Fund.

However, Fabiana urged the House that once the new law on housing is passed, the Implementing Rules and Regulations should not be uniformed for all shelter agencies.

“Based on our experience, we are successful on the scheme that we crafted,” he said.

Meanwhile, he said, 40 percent of housing loans is provided by the Fund which is the largest in the country. In 2008, their loan portfolio for housing is pegged at P30 billion and, in the first quarter this year, some P7.4 billion were already accessed by borrowers.

He also said, on the average, they process about 155 housing loan applications daily. Given this, they could assume 20 to 30 percent or 200,000 houses per year of the government’s set target at one million.

On the other hand, Valencia said the Fund’s 155 housing loan processed per day could support the country’s target of 548 housing loans each day. (PNA)

March 25, 2010

Pag-IBIG Fund Davao notes 10% growth housing loan borrowers as of Sept. ‘09

DAVAO CITY, Nov. 5 (PNA) — Pag-IBIG Fund Davao noted a 10 percent increase in housing loan borrowers as of September 30 this year compared to same period last year.

Pag-IBIG Fund branch manager Manolito Olegario said the increase of loan borrowers could be attributed to their active promotion of the program.

Olegario said there is also demand for more housing units.

He said 50 percent of their borrowers are from outside of Davao City like Cotabato and Surigao provinces.

He said the government-owned corporation sold P278.9 million of its acquired assets or 849 units from January to September 2009 in Davao City alone.

“For disposal starting October this year, some 566 units located in established subdivisions within Davao City and Davao del Sur,” he said.

On the other hand, Eduardo Manicio, executive vice president of the Social Housing Finance Corporation, said their office assisted hundreds of settlers in Davao City.

Manicio said they have already spent almost P84 million in legalizing the tenure of their occupancy in the area. (PNA)    … published at Davao dailies and at http://www.pna.gov.ph