Pag-IBIG Fund to lend P50-B for 60,000 housing units in 2012

May 14, 2012

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)


Pag-IBIG signs deal with Mati City’s tricycle drivers, market vendors

May 14, 2012

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

The CEO is a woman

December 18, 2010

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.

Five countries to participate in First Phil Global Banana Summit in Davao City

October 30, 2010

Oct. 28 (PNA) — The First Philippine Global Banana Summit that will be held during Davao Trade Expo (DATE) 2010 at Bangko Sentral ng Pilipinas on November 5 to 7 will be joined by representatives of five countries and the United Nations Conference on Trade and Development (UNCTAD).

DATE 2010 conference director Lizabel Holganza said among the countries that confirmed participation in the event among them Thailand, Taiwan, US and Malaysia. But they are still awaiting final confirmation of attendance from Vietnam and India.

She said the three-day summit will be a gathering of global and local experts in the field of agriculture where delegates will find value in an exchange that includes market trends, innovations in Research and Development, cutting edge technologies and best practices among the banana industry players. She said the plenary sessions will feature presentations of Dr. Ulrich Hoffman of the Trade, Environment and Development Branch Division of UNCTAD, Switzerland.

There will also be presentations of Mr. David Wolf, Agriculture Attache’ of the United States Department of Agriculture, and Agro-K President Dr. Ambrose Rajamannan, she said. The resource persons from the Philippines include Dr. Larry Digal of the University of the Philippines and Mr. Rene Dalayon, President of the Mindanao Banana Farmers and Exporters Association (MBFEA).

The plenary sessions will cover topics such as the challenges in banana growing and exporting, best practices of banana production, strengthening the economic value chain of the banana industry, Good Agricultural Practices (GAP) for Global Agriculture and Global Banana Economic Forecast for the next decade.

The global conference is spearheaded by the Davao City Chamber of Commerce and Industry, Inc. (DCCCII) in cooperation with the Department of Agriculture (DA), Department of Trade and Industry (DTI), Department of Science and Technology (DOST) and private stakeholders such as Tagum Agricultural Development Company, Inc. (TADECO), Control Union Philippines and Davao Region Local Governments.

Holganza said the three-day event is seen as an exceptional gathering of banana industry stakeholders as well as government leaders, policy-makers and of businessmen not only from Davao and the Philippines but also from the different parts of the world.

She said this is an event that every stakeholder must not miss as we all work to push our agriculture especially the banana industry to greater heights in the global arena even as she urged small farmers and banana farm growers to join and learn something from the summit. (PNA) LOR/Digna D. Banzon/lvp

RP’s real estate brokers beef up info campaign on RESA Law

October 27, 2010

DAVAO CITY — The Real Estate Brokers Association of the Philippines (REBAP) Davao chapter has beefed up its campaign on the Republic Act 9646 or the Real Estate Services Act (RESA) of the Philippines to guide both the public and the brokers better understanding of the amendments of the law. REBAP Davao chapter vice president Winstone V. Pulido said they welcome the law as it will continually professional their sector.

He said with the number of unlicensed brokers operating in the island, RBAP do not have way to monitor the activities of some of these sellers.

The new law is beneficial to the buying public of transacting as they will be shielded from transacting to unregistered brokers that led overpricing of the property and engage in unethical practices.

He said the government has been taking serious steps to provide protection for property buyers and they see this as a good step for them to be encouraged to invest more in Philippine real estate.

The law states that a licensed broker is allowed to have under him only 20 sellers but the practice before the approval of the new law was many real estate projects had only one or two registered brokers with 200 to 300 sellers.

He said with RESA, the practice of real estate broker will now be regulated even as he said that a broker before he or she will be allowed to take the real estate brokers examination for licensing need to acquire 24 units under the continuing education program (CEP) and this arrangement will be honored for the 2011 examinations.

By 2012, prospective examinees need to comply 120 units under the CEP, he said.

The legitimate practitioners of brokering as a business are subjected to fees and taxes while a good number of “fly-by-night” brokers that would number to about 2,500 in Davao City alone escape government regulations and payment of taxes and fees, he said.

“And this would some up to millions of losses of government in the form of taxes as most unlicensed brokers charge 5 percent commission,” he said.

The RESA Law is in support to professionalize and regulate the practice of real estate in the country through the development of technically competent, trained and accountable real estate practitioners.

The law defines that real estate broker is a duly registered and licensed natural person who, for a professional fee, commission or other valuable consideration, acts as an agent of a party in a real estate transaction to offer, advertise, solicit, list, promote, mediate, negotiate or effect the meeting of the minds on the sale, purchase, exchange, mortgage, lease or joint venture, or other similar transactions on real estate or any interest therein.

Pulido said the REBAP supports the information dissemination campaign of the Professional Regulation Commission (PRC) and the Bureau of Internal Revenue (BIR) to reach out to as many brokers to have themselves get licensed and legalized their profession.

Pulido said although this will be a huge task ahead, the passage of the RESA Law is a good start to professionalize their sector and at the same time protect the interest of the public from unscrupulous agents.

With the real estate industry in Davao City hitting a positive growth, he said, a lot of real estate development is opening up in the city especially that there is a demand for houses here from the neighboring regions wanting to locate here.

Meanwhile, he said brokers who will attend the First Mindanao Real Estate and Housing Conference in Davao City scheduled on Oct. 5 to 6 will earn units and credited under as allowed by PRC. (PNA)

DILG urges Mindanao officials to support first real estate, housing conference in Davao City

October 1, 2010

Sept. 29 (PNA) — The Department of Interior and Local Government (DILG) is urging Mindanao officials to support the holding of the First Mindanao Real Estate and Housing Conference in Davao City on October 5 to 6 at the SM City Event Center.

Chamber of Real Estate & Builders’ Associations, Inc. (CREBA) Davao Chapter president Carlos Vargas said DILG Secretary Jesse M. Robredo encourages the island’s chief executives to participate in this activity.

Vargas said Robredo issued Memorandum Circular No. 2010-102 addressed to provincial governors, city mayors, municipal mayors, DILG regional directors of Regions IX, X, XI, XII and CARAGA to participate in this activity as it will highlight best practices in green development, community-based alternative sources of energy and green financing.

The CREBA-sponsored conference is co-hosted by DILG and the Environment Management Bureau XI with the theme “Challenges of Global Warming on the Real Estate Industry.

Green Development our contribution to our future”. He said main speaker of the conference is Dr. Michael E. Nunez, CREBA vice president for Green Technology and Sustainable Development who will discuss New Approaches to Green Technology and Sustainability in Real Estate.

Other topics include Best Practices in Green Technology where Alsons Development Corp., Uraya Land, and Kisan Lu Devt. Corporation as presentor for “Green Developer”, Adtel Inc. Member Lopez Group of Companies as presentor for “Energy Provider” while Engr. Nazario Cacayan, executive director YAMOG Inc. as presentor for “Community Based Renewable Energy Development (Micro Hydro, Solar Power, etc.)” and B. Brillo L. Reynes, DBP-Senior Vice President for “Green Financing for Developers and Local Government Units”.

Secretary General Nestor Borromeo of the Housing and Urban Development Coordinating Council (HUDCC) is invited to brief stakeholders of the agency’s priority plans and programs to be followed with a roundtable discussions on housing concerns with the government’s shelter agencies namely Housing and Land Use Regulatory Board, Pag-IBIG Fund, Socialized Housing Finance Corporation, National Housing Authority, Land Registration Authority and Environment Management Bureau.

Also invited is Davao City Mayor Sara Duterte-Carpio who will deliver a message. The manifesto for housing concerns will also be presented by CREABA to the mayor.

Davao City planning officer Roberto P. Alabado III will brief the participants of the city’s planning of Sustainable Residential Communities.

The other topics are “Basic PINOY Green Bldg. Technology” to be discussed by Jesus B. Pring, Jr., chief executive officer of AGTECHPIN, Inc., Products and Services for the Real Estate Industry and local government units (LGUs) by Simonette C. Ngosiok, SME Community Consultant PLDT SME-Nationa Vis-Min Operations, New Software for Real Estate Application by Cecille Sibayan, ABM Computech Enterprises, Inc.

The chairman of the Professional Regulatory Board of Real Estate Services Eduardo G. Ong will discuss Republic Act 9646 or the Real Estate Service Act of the Philippines. (PNA) LAP/Digna D. Banzon

More than P400-M new investments get tax incentives in Davao City

September 21, 2010

DCIPC officer-in-charge Jason Magnaye during the Davao Business Forum at the MediSpa, SM City Davao

The newest investments in Davao City valued at P441 million that passed through the Davao City Investments and Promotion Center (DCIPC) gets exemption of paying mayor’s permit and fees.DCIPC officer-in-charge Jason Magnaye said this is on top of the approved investments during the first semester amounting to P612 million.

He said they need to work hard in order to meet their target of P1.9 billion this year.

The recent approved investment is still in line with real estate where one is a subdivision project worth P119 million and the other, a commercial building for mixed use with investments at P322 million.

Magnaye also said that the earlier investments consist of two projects on real estate, one in tourism while the other in agri-business.

In the pipeline are on real estate and commercial buildings, he said.

Meanwhile, he said majority of the investments in Davao City for the past several years are in line with real property development.

He said for the past three years, projects in the city were dominated by property development getting a share of 83 percent of the total investments.

He cited that since DCIPC started in 1995, property development got the biggest chunk as it cornered 61 percent of the total investments.

On the other hand, Magnaye is optimistic of hitting their target as they incorporate service marketing in finding new investors.

Davao City Mayor Sara Duterte-Carpio also goes out of her way in meeting with prospective investors and personally discussed with them what the city can offer.

He said the mayor also conducts personal visits to and assessments of existing projects of interested investors like in Manila in order to see for herself their projects.

Magnaye cited for instance that the Mayor led a small team to conduct ocular visit to the World Trade Center (WTC) in Manila as she is interested that a developer would invest in convention center here.

Although he stressed that they cannot dictate on the kind of investments he said perhaps they could influence.

A team from WTC composed of some senior officials will be coming to Davao City by end of September to check on the city’s investment area.

“The fact that a senior official is coming over would indicate that they are interested,” he said.

Magnaye said they double up in finishing their inventory and data as to real property investments as these comprise of the common data that investors ask. The other basic data as to infrastructure and other related information are also being readied by their office, he said.

He said a series of review and assessment are being made by them to ensure that investors get relevant and appropriate data as this will help them decide in locating here.

He also said they will continue to improve on their services and reach out to other sectors as they align with the development direction of the city. (PNA)