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PUV operators in Normin get cash aid from LTFRB-10

November 21, 2020

CAGAYAN de Oro City--The Land Transportation Franchising and Regulatory Board in Region 10 (LTFRB-10) has started distributing cash assistance to operators of Public Utility Vehicles (PUVs) in Northern Mindanao under the Bayanihan to Recover as One Act II, otherwise known as Republic Act (RA) 11494. LTFRB-10 Regional Director Allan Guro said PUV drivers all over Northern Mindanao will receive P6,500 cash assistance. Guro said the government has allotted 1,161,114.210 billion under the Bayanihan to Recover as One Act II. He said the drivers had already recieved their respective cash assistance under the Social Amelioration Program (SAP). He said: "SAP is really intended for the drivers." For his part, Bukidnon Transport Multi-Purpose Cooperative (BUKTRAMCO) chairman Melvin L. Erederos said operators have already received three sets of assistance that started in 2018. Erederos said operators received P5,000 and another P20-25,000 in 2019 in cash assistance. He added that operators under Buktramco got P6,500 for this year as cash assistance. Erederos said that the coop is also expecting the additional 300 units to start operating this year. The 300 units will ply the Cagayan de Oro City-Bukidnon routes, said Erederos in an interview. He said that Buktramco has always reminded its drivers and operators to always follow the guidelines of the Inter-Agency Task Force on Emerging Infectious Diseases. Aside from the 50-percent cut off of passengers, Erederos said drivers nd operators are trained on how to disinfect their respective units. Drivers must also wear face mask, face shield and even gloves and install foot bath

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Customs implements faster trade facilitation

November 21, 2020

CAGAYAN de Oro City--A tribute to employees and stakeholders took center stage at the celebration of the Bureau of Customs Port of Cagayan de Oro’s 70th Founding Anniversary. The three part activity started with the blessing of the Customer Care Center and unveiling of the 70th anniversary marker placed outside the Bureau of Customs building. It was followed by the awarding of Certificate of Commendation to 73 stakeholders which contributed to the success of the Bureau in terms of revenue generation, trade facilitation, anti-smuggling campaign and re-exportation of the South Korean and Hongkong trash. In his speech District Collector John Simon acknowledges the role of the following stakeholders as partners in helping achieve the Bureau’s Vision of being a truly modernized and credible Customs Administration that is among the world’s best. He also boasted the exemplary performance of the Cagayan de Oro District in terms of revenue collection which already amounted to 25.7 Billion Pesos already close to this year’s target which is at 25.8 Billion Pesos. Congressman Frederick Siao, Representative of the Lone District of Iligan City in his keynote speech congratulated the Bureau of Customs in its successful re-exportation of more than 7,000 metric tons of South Korean waste despite the pandemic. Siao is one of the few representatives from Northern Mindanao who brought the issue of South Korean trash to the House of Representatives. EASE OF DOING BUSINESS In a bid to streamline the procedures of the port community in Northern Mindanao the Bureau of Customs District Collection X also signed a Memorandum of Understanding (MOU) between stakeholders in the region, said Oliver Valiente (left), chief of the Customs Intelligence. Valiente said the signatories were Mindanao International Container Terminal Services Inc., Golden Sun Cargo Examination Services Corp., Chamber of Customs Brokers Inc., Customs Brokers Representatives Association, SITC Container Lines Phils, CMA-CGM Philippines Inc., Sealand – A Maersk Company Asia, Solart Shipping Agencies Corp. and Evergreen Shipping Agency Phils. Corp. He said the memorandum aims to clearly set forth the facilitation of the movements of cargo especially on the transfer of containers subject to examination from the Mindanao Container Terminal yard to the Customs Clearance Area – Designated Examination Area (CCA-DEA). It will also outline the responsibilities of each signing parties to guarantee smooth operation and at the same time to safeguard the interest of both the port operator and the government. CONTAINER VAN DONATIONS As part of its social responsibility the Bureau of Customs also donated 7 container vans to various agencies namely House of Representatives Cong. Frederick Siao, Tagoloan LGU, PDEA, PNP, BFP Piemo and 4th Infantry Division of the Philippine Army, said Elizabeth de las Llagas (4th from right), deputy district collector for operations. Together with the representatives of these agencies the top officials of the Bureau of Customs Collection District X signed the Deed of Donation inside the Security Warehouse in Brgy. Tablon in Cagayan de Oro. de las Llagas sid the 20-foot container van estimated to cost around 100,000 pesos is ideal to be used as offices and isolation units which is a great help in the government's continued fight against COVID-19. EMPLOYEE TRIBUTE Nasrudin Guro, Iligan sub-port collector said the last part of the celebration of the Founding Anniversary was the awarding of certificate and pinning of PGS badge to more than 100 employees of the Bureau of Customs from Port of Cagayan de Oro, Mindanao Container Terminal, Port of Iligan and Port of Ozamiz. Collector John Simon in his speech said that aside from stakeholders the hardworking personnel should also be commended for its continued effort for the success of the Bureau that despite the pandemic they continued to work as frontliners to generate revenue for government coffers. “Year 2020 is a very challenging year for us but we have been triumphant so we have to be proud,” said Collector John Simon.

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BOC 10 fasttracks transactions in compliance of Ease of Doing Business Act

November 18, 2020

DURING its 70th anniversary Wednesday, the Bureau of Customs District Collection 10 inaugurated its Customer Care Center - a first in the country. District collector John Simon said the Customer Care Center will receive and handle all transactions under the no-contact policy in compliance with Republic Act 10032, otherwise known as the Ease of Doing Business Act. It is expected that all transactions will be completed within 30 minutes from the electronic lodgement of the Customs Entry Declaration Documents to the actual release of the cargo in the importers premises as according to ASEAN standard. Along this line, the BOC and its stakeholders such as brokers and shippers signed a memorandum of understanding by Wednesday afternoon to see to it that the streamlining of bureaucracy in the Customer Care Center is implemented. The MOU sets for the term and understanding between Bureau of Customs, Mindanao International Container Terminal Services Inc., Golden Sun Cargo Examination Services Corp., Chamber of Customs Brokers Inc., Customs Brokers Representatives Association, various shipping lines and PHIVIDEC Industrial Authority. The memorandum aims to clearly set forth the facilitation of the movements of cargo especially on the transfer of containers subject to examination from the Mindanao Container Terminal yard to the Customs Clearance Area – Designated Examination Area (CCA-DEA). It will also outline the responsibilities of each signing parties to guarantee smooth operation and at the same time to safeguard the interest of both the port operator and the government. “The memorandum of understanding will help us address problems like port congestion. If there are also delays on documents we already know what to do and who to talk to if problem arises,” Simon said. One of the components of the Customer Care Center is the the First ASEAN Standard Time-Cargo Releasing System (FAST-CaRes) Project. The program which is a first in the country will adopt an ASEAN standard time of 30-minutes from the electronic lodgement of the Customs Entry Declaration Documents to the actual release of the cargo in the importers premises. FAST-CaRes was tested on November 9 when a 27,500MT shipment of anthracite coal by the Philippine Sinter was released in 25 minutes. On October 28, Pilipinas Kao was able to release its shipment of 2,500MT of methanol in 26 minutes.

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CLI posts Php 5.7 billion 9-month consolidated revenues, closely matching 2019 pre-pandemic performance

November 16, 2020

LEADING Visayas-Mindanao developer Cebu Landmasters Inc. (CLI) disclosed today consolidated revenue of Php 5.7 billion and net income to parent of Php 1.5 billion for the first nine months of 2020, close resembling its pre-pandemic 2019 performance.   Consolidated revenues dipped slightly by four percent year-on-year, but still outperformed the industry due to robust real estate sales of Php 5.56 billion for the period. Q3 revenues surged to Php 2.2 billion or 57 percent hike quarter-on-quarter, as quarantine restrictions eased in key VisMin cities driving CLI construction efficiency to 90 percent from the previous quarter's 70 percent. Moreover, collections improved with 500 more accounts qualifying for higher revenue recognition.   Continued expansion in VisMin   Earlier in the year, the listed firm secured its uninterrupted expansion by launching five residential projects with high sales velocity valued at Php 5.5 billion, while expanding to new areas in VisMin despite the pandemic. Expansion areas include lloilo, and the underserved areas of Bohol and Ormoc. Consequently, reservation sales for the first nine months increased by 14 percent year-on-year to P10.5 billion.   The boost in reservation sales translates to Php 17.9 billion in unrecognized revenues, or an 18 percent increase, and sustained earnings in the near future.   Franco Soberano, CLI executive vice-president and chief operating officer, remarked: "We are pleased to serve new residential homeseekers in VisMin, where demand for residential housing has proven to bright spot in the region's economy. There has been sustained demand from both local and OFW buyers, which has enabled CLI to surpass our reservation sales performance in 2019. The housing backlog has never been more pronounced than now due to the pandemic, and it's our shared responsibility to address this backlog as best we can."   Soberano added that in the last quarter of 2020, CLI expects stronger OFW inflows and general consumer outlook in VisMin to bounce back as local businesses reboot operations. He also expects business process outsourcing (BPO) firms to continue expanding in the region as the global economy crisis deepens.   Sustained and stable recurring business   CLr's recurring business, spearheaded by Citadines Cebu City, has benefited from the continued expansion of BPOs to the Visayas. The serviced residence located close to Cebu City's business district maintained an average occupancy of 67 percent during the first nine months as it catered to BPO companies that housed their employees during the lockdown and returning OFWs. It has continued operations until present because of its sustained demand and occupancy rate. Launched in September 2019, Citadines Cebu City posted a revenue of Php 49.3 million in the first nine months in 2020.   The company's gross leasable area will grow to 28,000 sqm. with the turnover of its four-star BERDE rated office building, Latitude Corporate Center, in the fourth quarter of this year. Its current leasing portfolio encompassing 15,000 sqm. of leasable space is 86.8 percent occupied. Nevertheless, lease revenue posted a slight five percent decline owing largely to rental concessions offered by CLI to tenants struggling with business disruptions due to the pandemic.   Total assets breach billion-dollar mark   In the meantime, CLI reported that its total asset has breached the billion-dollar mark at Php 49 billion. The company will continue to build its assets starting with the groundwork of an iconic Php 3 billion tower at the Cebu Business Park with an estimated floor area of 44,000 sqm.The mixed-use development with office, retail and a 195-room, five-star hotel is set for completion in 2024.   This project will allow the firm to maximize opportunities in tourism and the BPO industry which have been forecasted to make strong rebounds in the post-pandemic period especially by the time the development is operational.   Partner financing institutions   Meanwhile, Cebu Landmasters will continue to collaborate with its partner financing institutions collectively accountable for the company's Php 42 billion approved bank lines. Only Php 23.7 billion has been drawn to date. The company has also fully subscribed its Php 8 billion corporate notes at favor rates, with average cost of borrowing at 4.15 percent ensuring its liquidity.   More turnovers   In the near term, the continued turnover of CLI residential projects will secure the firm's footing move forward. CLI was able to continue turnover of projects during this period, including the three-tower MesaVerte Garden Residences with 700 units in Cagayan de Oro; Mivesa Garden Residences Tower 6 and 7 with 576 units in Cebu City; Base Line Premier with 379 in Cebu City; and more than 1,700-unit Casa Mira South phases 1 and 2 in Naga-San Fernando, Cebu. These project completions will generate a total of Php 5.8 billion worth of future cash inflows and secure income streams for CLI.

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PCSO delivers truckloads of relief goods and medicines

November 15, 2020

PCSO is heading northbound to deliver truckloads of relief goods and medicines to the people of Cagayan affected by typhoon Ulysses. The team is led by GM Royina M. Garma and is scheduled to arrive in Cagayan Sunday morning, Nov 15, 2020. #PCSOCares #walanghumpaynamalasakit #RescueCagayan

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Typhoon Ulysses in Misor

November 10, 2020

Some residents spend their time Tuesday afternoon at a Boulevard in Balingasag in Misamis Oriental despite stormy weather brought about by Tropical typhoon Ulysses while fishermen keep their fishing boats safe. Photo by Gerry Lee Gorit

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