Metrobank spreads wings in Mindanao

The Metropolitan Bank & Trust Company (Metrobank) will open 10 more branches in Mindanao this year, two of them in Bukidnon particularly Malaybalay City and Maramag town.

Linjey Salmasan, Ozamiz branch manager, who will open the Malaybalay branch later this month, said it will be its 73rd in Mindanao.

,etrobank 2
So far, Metrobank has only one branch in the province, in Valencia City.
He said the bank will open its branch in Polomolok, South Cotabato ahead of its opening of the Malaybalay branch.
The bank is also set to open a branch in Molave, Zamboanga del Sur, a fifth branch in General Santos City, and five more branches in cities they are yet to disclose.
Salmasan said they opened a branch in Gaisano-Surigao City and Tandag, Surigao del Sur both in December 2013; in Bongao, Tawi-tawi; and Isulan, Sultan Kudarat, both in February 2014.
Mindanao is one of the seven bank regions of Metrobank.
On its website, Metrobank reported consolidated net income of P22.5 billion in 2013, or 46 percent higher than the P15.4 billion earned in 2012. Total resources peaked at P1.38 trillion, a 32-percent increase from the previous year’s P1.05 trillion.
Citing “strong domestic economy”, Metrobank booked P611.1 billion in net loans and receivables, up 16 percent from the previous year, and faster than the 15 percent growth reported in 2012. Demand for credit accelerated consistently across all segments.
Its website said the Metrobank Group is an industry leader with a domestic network spanning 856 branches and close to 2,000 ATMs nationwide.  [Walter I. Balane/MindaNews]


davao fruits

My Reasons for Falling in Love with Davao

karlo antonio david

Falling in love with a metropolis is like falling in love with a whore: you share her with countless other lovers, and you struggle to make your intimacy with her as uniquely yours as possible. You call the city your home, but so do thousands – or millions – of others, and you ask yourself if you can really call it your own.

But my love affair with Davao city, this urban heart of Mindanao, was never complicated by such a predicament. While I grew up in suburb-cum-rural Kidapawan two hours away, I was born in Davao, and true to my being a Kidapawanon Davao was always my first love: with my youthful imagination I believed, as I still do, that I was destined for Davao. Kidapawan was the familiar, the hearth of familiarities. Davao was the romantic, the realm of possibilities. And as such romances go, the love affair is total.  Yeah, I share her with a thousand others, but she is the city of my destiny, all of her, and that includes the people.

READ MORE:karlo antonio david



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Communist rebels burn equipment of Agusan del Norte mining firm

About 30 armed men believed to be communist rebels harassed a mining firm, burned heavy equipment and snatched firearms and office materials before making their escape to the hinterlands, during the weekend at a mining town in Agusan del Norte.

The armed group was believed to belong to the Communist Party of the Philippines-New People’s Army-National Democratic Front (CPP-NPA-NDF) led by a certain alias “Dodi” of the Guerilla Front 21, North Eastern Mindanao Regional Committee (NEMRC).

The group harassed the Philalstron Mining Company (formerly Bintang Mining Company) owned by a Chinese national identified by the police as a certain Mr. Chin. Its office, located in Barangay Tagmamarkay, Tubay in Agusan del Norte, was harassed by the said armed group around 1:15 a.m. on Saturday.

The suspects accordingly disarmed the duty security guards and took the firearms with them when they escaped towards the northeastern direction. Army sources also said that the culprits burned four dump trucks, two backhoes and two bulldozers. The office building was also set on fire.

The armed men also carted away three shotguns, two caliber .45 pistols, four caliber .38 revolvers, a caliber 357 Magnum revolver, a caliber 3516, a compass, a Global Positioning System (GPS), a camera, four units Motorola radio and two laptops, before making their escape towards Sitio Kibadbad, Barangay Tagmamarkay of the said town.

All police and military units operating in the area are now conducting hot pursuit operations against the fleeing rebels.(PNA)



Determined to bring closure to P10-billion P10-billion scam

Malacanang said it has not changed its position in going after those involved in the P10-billion pork barrel scam because it has a strong case against them.

The administration will go where the evidence leads it, said Presidential Spokesman Edwin Lacierda in a press briefing on Monday.

herminio Coloma

Lacierda was asked by reporters whether the Palace is underestimating the capability of Senator Juan Ponce Enrile, who is a veteran lawyer.

Enrile is one of three senators accused of siphoning off millions from their pork barrel through bogus non-government organizations.

The government is going through a process, he said, adding that the Office of the Ombudsman has already issued a resolution on the case.

There are fears that Enrile will once again escape accountability, as he has done in the past. Enrile, along with Gringo Honasan, was acquitted in 1989 of involvement in a bloody coup d’ état against the presidency of Corazon Aquino.

Enrile’s case was declared unconstitutional by the Supreme Court because of problems in the case filed against him, Lacierda said.

What is very clear right now is that the government is going through the process to hold accountable all the people involved in the pork barrel scam, the Palace official said.

“The DOJ went through it, and the Ombudsman went through it also with a fine-toothed comb… The cases that are being filed right now, you can now see in the law statutes—in the law books,” he said.

The government looked at the country’s laws, and assessed the evidence gathered before coming up with the cases, Lacierda said.

“The DOJ decided to file the case before the Ombudsman. The Ombudsman reviewed the case, evaluated the case, and came up with the same assessment,” he noted.

“If it pushes through and proceeds to the Sandiganbayan, that’s where the arena is going to happen so we’ll just wait. We have always stated this time and time again, that we will go where the evidence leads us, and that applies to everyone, friend or foe,” he added. (PNA)

storm typhoon eye

TS ‘Domeng’ weakens into tropical depression

Tropical storm “Domeng” has weakened to tropical depression and has also reduced its speed and continues to move west northwest, according to the Philippine Atmospheric Geophysical and Astronomical Services Administration (PAGASA) on Monday.

In an interview, PAGASA weather forecaster Alvin Pura said that as of 4 p.m., “Domeng” was spotted some 670 km East of Davao City (6.7°N 132.0°E) with maximum sustained winds of 55 kph near center.

He said that “Domeng’s” speed has reduced from 15 kph to 13 kph on Monday afternoon and continues to move west northwest.

Pura said that due to wind convergence caused by “Domeng”, some parts of Mindanao and eastern and Central Visayas will experience cloudy skies with scattered rainshowers and isolated thunderstorms in the next 24 hours.

He said the eastern portions of the Visayas and Mindanao would be the initial areas projected to feel its effect starting Wednesday while “Domeng” continues to move closely.

And if “Domeng” will maintain its present direction and speed, Pura said, it may make landfall over the eastern section of Northern Mindanao or in Surigao provinces by Thursday.

The Eastern Visayas provinces were the areas devastated by super typhoon “Yolanda” last November.

Pura advised residents in these areas to be prepared and closely monitor the weather situation.

He added once it made landfall it is expected to weaken into low pressure area and may dissipate.

He said numerical models were only showing that the cyclone may slow down, prolonging its stay inside the PAR.

Every April, PAGASA expects “zero to one” cyclone to affect the country.

He said the last time the country had a storm inside the Philippine territory during the same period was in 2011 and was named “Amang.”

However, he noted that it was only a tropical depression and did not make landfall.

Meanwhile, Pura said that Domeng will not affect parts of Luzon including Metro Manila as they continue to experience fair weather in the next two days.

He said except for Cagayan Valley, the rest of the country including Metro Manila will be partly cloudy to cloudy with isolated rainshowers or thunderstorms mostly in the afternoon or evening.

Due to tail end of cold front, Cagayan Valley will experience cloudy skies with scattered rainshowers and isolated thunderstorms.

PAGASA said moderate to strong winds blowing from the northeast will prevail over northern and eastern section of the country and the coastal waters along this area will be moderate to rough.

Elsewhere, winds will be light to moderate winds coming from the northeast to east with slight to moderate seas. (PNA)





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