The Philippine government’s current total outstanding debt stands at ₱11.64 trillion.
According to the Bureau of Treasury (BTr), as of the end of August 2021, the national government’s total debt increased by ₱32.05 billion or 0.28% due to the domestic debt issuance which is part of government financing.
Out of the total debt amount, 29.4% or ₱3.42 trillion was sourced externally while 70.6% or ₱8.22 trillion were domestic borrowings.
For the year 2021, NORDECO is set to light up 45 sitios as part of its Sitio Electrification Program
One of the National Electrification Administration (NEA) projects is the Sitio Electrification Program.
It aims to light up sitios in every corner of the country especially those in the remote areas.
This has begun last 2011 under the administration of Former Pres. Benigno Simeon Aquino III.
In pursuant to total electrification, the NEA’s mandate towards enhanced distribution development was further strengthened in its new charter under Republic Act No. 10531.As of 2020, NORDECO has energized 462 Sitios which lighted 13,985 households costing to Php 525,447,530.47 Million Pesos.
These were energized under the Sitio Electrification Program or SEP of the National Government under the Budget Appropriation of the National Electrification Administration downloaded to the Electric Cooperatives.
For the year 2021, NORDECO is set to light up 45 sitios as part of its Sitio Electrification Program.
While there are still areas unenergized, even in the most remote sitios or on the steepest hills, the mission of the electric coop continues towards rural electrification.
The electric cooperative’s ‘Pillars’ and 59 employees were recognized for their loyalty and zealous performance of providing service to member-consumer-owners (MCOs) by the Northern Davao Electric Cooperative Inc. (NORDECO) as it marked its 50th Golden Anniversary on September 24 .
Fifty long years of uphill climb could have not been reached if not for the ‘Pillars’ of the Rural Electrification Program.
Mario Angelo Sotto, the general manager of NORDECO said the challenges met in 50 long years made each man and woman behind NORDECO stronger.
“ We may have a lot of challenges, but we have established a strong foundation in each of us, and did more than we do,” he said. He said the MCOs are the center of NORDECO’s long years of operation.
“We even increased manpower and resources for better services, worked 24/7, and we know we work a lot for our MCOs,” he said.
A fitting tribute was given to the first set of DANECO’s Board of Incorporators: Judge Pablo S. Salazar, Judge Modesto C. Montaño, Rolando S. Fabian, Danilo C. Avena, Enrique Y. Diola, and Bernardino Pajaron. Also, all the 24 former Board Presidents and the former General Managers, namely, Atty. Jose T. Amacio, Engr. Ricardo G. Tio and Mr. Edgardo D. Savellano, CPA, MBA were honored for their legacy of leadership and service to the Electric Cooperative.
Members of the previous and the present Task Force Duterte Northern Davao Power, and the former NEA Administrator, Edgardo Rama Masongsong also received commendations for being instrumental in the reconciliation, reunification and recovery of NORDECO from seven years of turmoil.
“Indeed, these pillars of NORDECO are heroes worth the commendation.” .
Fifty-nine (59) service-awardee employees who have remained with NORDECO for 10 to 30 years of service were also given recognition.
“These employees certainly deserve the accolade for remaining steadfast in service despite the challenges along the way, “ NORDECO said.
The “golden milestone” serves as testament of NORDECO’s resilience in pursuing a rural electrification program through the years, which deserves celebration.
Thus, various offices of NORDECO held simultaneous celebrations under the new normal scenario.
These areas include NCECCO Center Montevista Office Compound for the Main Office employees; Jorgetown, Montevista for the Area Services I employees; Energy Park, Tagum City for the Area Services II and III employees; and Samal, IGACOS for Area Services IV employees.
The year 2020-2021 is all the more challenging given the devastating pandemic that greatly affected everyone. But NORDECO said the health crisis will not hinder them to continue moving forward to fulfil the needs of the MCOs and looks forward to another year inspired by this year’s theme “Sustaining Empowerment for a Stronger and Brighter NORDECO.”
NORDECO, INC. opened on September 24. the celebration of its 50th Founding Anniversary, Inc., with a Thanksgiving Mass officiated by His Excellency Most Reverend Bishop Midel S. Aseo, DD, Diocese of Tagum held at the One ECMCO Movement Center of NCECCO in NORDECO, Inc. Compound, Montevista, Davao de Oro.
Bishop Aseo’s homily resonates the message of identity-of who we are as an organization to our member-consumer-owners. As we embark a new chapter of our history, may we leave a lasting legacy of commitment and excellence in service.
He congratulated NORDECO, Inc. for its golden year of service in the Provinces of Davao de Oro and Davao del Norte.
Furthermore, he motivated the employees to continue working hard in providing quality service to the Member-Consumer-Owners.
President Rodrigo Roa Duterte on Wednesday (Sep. 22) signed into law the measure that will impose additional taxes on the Philippine Offshore Gaming Operations (POGO).
Under the Republic Act No. 11590, Presidential Spokesperson Harry Roque said 60% of the total collected revenues will be allotted for the implementation of the Universal Healthcare Act, 20% will be allocated for the Health Facilities Enhancement Program, while the remaining 20% will be allotted for the attainment of Sustainable Development Goal by the National Economic and Development Authority (NEDA).
“Bahagi ito sa ating mahigpit na pagri-regulate ng lahat ng klase ng gambling at pagbabawal ng illegal na sugal,” he added.
The newly-signed law requires all POGO employees to acquire a tax identification number. Employed alien individuals are required to pay a final withholding tax of 25% on their gross income.
According to the law, “all offshore gaming licensees and service providers shall submit to the Bureau of Internal Revenue [BIR] the original copy of notarized contract of employment clearly stating therein the annual salary and other benefits and entitlements of the concerned alien.”
Sec. Roque explained that the collected revenue from the POGO tax will greatly help in improving the country’s healthcare system.
The POGO has initially been controversial due to reports of its illegal operation involving crimes in the Philippines.
Northern Davao Electric Cooperative, Inc. (NORDECO) and the City Government of Tagum signed onSeptember 13, 2021, a Memorandum of Agreement for the clearing of NORDECO distribution line in the Davao del Norte capital city.
Present in the signing were Hon. Allan Rellon, City Mayor of Tagum, Dr. Alejandro Rodriguez, NORDECO Board Vice-Chairman, Demetrio Jagunos, Area Services II Manager and Marilou R. Impuesto, Institutional Services Department Manager and City Government of Tagum personnel.
Under the MOA, NORDECO, Inc. and City Government of Tagum hope to have a good partnership towards delivering more reliable and efficient power supply to the Member-Consumer-Owners of Tagum City.READ MORE
In partnership with Davao Regional Medical Center, a Blood Letting Activity was conducted yesterday, September 13,2021 at the Queen of Apostles Seminary(QACS) Gym, Tagum City and last September 9,2021 at NCECCO Gym, NORDECO Montevista Compound, Davao de Oro.
NORDECO employees and Member-Consumer-Owners worked hand in hand in the activity wherein a total of 52 bags of blood were collected. READ MORE
Seventy three residents of Sitio Gatong, Palma Gil, Talaingod, Davao del Norte were the recipients of Solar Home Lighting System Units on September 13,2021, turned over by NORDECO, Inc. together with YAMOG Renewable Energy, Inc. and the Local Government Unit of Talaingod, Davao del Norte.
Present in the occasion were: Vice Mayor Francisco Gipulla Jr., NORDECO Area 3 Head Engr. Ferdinand Giangan, NCECCO Talaingod Chapter Chairman Armando Danduan, YAMOG personnel, barangay officials headed by Brgy. Captain Pablo Tagnipes and the residents of Sitio Gatong.
The Sitio Gatong event is the first distribution of the solar lighting system also to be undertaken in sixteen (16)othe sitios in Talaingod namely: Nalunuran, Laboo, Banowalay, Nasilaban, Bugni, Matibagaw, Upper Dulyan, Lower Dulyan, Butay, Damoluan, Baugan, Purok 8 Lumabag, Purok 8A Lumabag, Purok 8B Lumabag, Purok 8C Cogon, and Purok 8D Dalingding.
There will be 571 Solar Home Lighting System Units to be distributed to the said sitios under Nordeco’s program to light up the off-grid communities.READ MORE
The Northern Davao Electric Cooperative (NORDECO) spearheaded a training for Solar Home Lighting System Installation was conducted yesterday, September 2,2021 at Pantukan Municipal Gymnasium, Davao de Oro.
Seventeen selected individuals participated in the said training where they undergone lecture session and hands-on activities.
The training was facilitated by YAMOG Renewable Energy Development Group, Inc. in partnership with NORDECO, Inc and the Local Government Unit of Pantukan.
Present in the training were YAMOG representative Engr. Glen Segun and NORDECO Personnel headed by Engr. Mariel Jay N. Verano, ARRS Section Head.627 Solar Home Lighting System Units are allocated for the residents of Pantukan Sitios namely: Maplag, Marabiga, Bukobuko, Camili, Pangi, Camansi, Duranata, Talabugnuyan, Pinakan, Matinglob, Ebuan, Magapalway, Batallion, Maubog and Sapang Lubog.
Once the trainees will be equipped, they will facilitate in the installation of Solar Home Lighting System Units in the above-mentioned sitios.
The main goal of this project is to improve the lives of the people especially in the Off-Grid Communities in Mindanao through providing sustainable energy.
DAVAO CITY – The Davao City Police Office (DCPO) has promoted the Philippine Identification System (PhilSys) with a recent social media post on how to begin the process of acquiring the Philippine Identification (PhilID) card.In a Facebook post on Aug. 21, DCPO posted the process for Step 1… Read More