vertical home builders enterprises
THE
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Dealer of hardware and construction materials:
of the things we think, say or do
1. Is it the TRUTH? 2. Is it FAIR to all concerned? 3. Will it build GOODWILL and BETTER FRIENDSHIP? 4. Will it be BENEFICIAL to all concerned?
Product Lines: Angle Bars; Gl Pipes; C-Purlins; Holow Blocks; Coco Lumber; Carrying Channel; Double Furring Channel; Single Furring ; Acoustic Board; Polycarbonate; Power Tools; Good Lumber S4S; Panel Doors; PVC Laminated Panel; PVC Vertical Blinds; Roller Blinds ; Wooden Blinds; Armstrong Vinyl Tiles; Kent Vinyl Tiles; Parquet Tiles - Apo Vinyl Tiles.
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BUSINESS | ARTS & CULTURE | HEALTH | TRAVEL & TOURISM | PEOPLE | REALTY | EVENTS cheng ordoÑez, Section Editor
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Wednesday
October 12, 2016
B1
SPECIAL REPORT:
Phividec administrator’s end-term report accounts for P140-M income, more jobs By CHENG ORDOÑEZ Associate Editor Photos by GERRY LEE GORIT
CAGAYAN DE ORO CITY -- The Philippine Veterans Investment Development Corporation or Phividec Industrial Authority (PIA) has generated a total income of P140 million last year from its various locators or 350% increase from the P40 million investments it had in 2010, when Administrator and Vice Chairman of the Board Leo Tereso A. Magno assumed office. PIA is a governmentowned and controlled corporation which administers the Philippine Veterans Investment Development Corporation Industrial Estate of Tagoloan in Misamis Oriental. Magno, in his end-ofterm report, came out with a list of accomplishments and as a way to answer issues hurled against him by the officers of the Phividec Industrial Authority
Phividec building
LBP wins as Best Paying Commercial Bank in SSS awards
See report, page B7
After 5 years, farmers receive economic benefits from land By JOIE CEBALLOS
SAN FRANCISCO, Agusan del Sur – One hundred twenty farmers here were relieved after finally receiving their income from their land as benefits they should have enjoyed five years ago. The benefits consisted of lease rentals on their lands and profits from cooperative-operated enterprise. The farmers of the Ronquillo group received their benefits in cash from the BENEFITS TO FARMERS. A farmer receives cash benefits handed by DAR NGEI Multi-Purpose Co- through (from left) Undersecretary Marcos Risonar, Jr., Caraga Regional operative. This group is one Director Julita Ragandang and Asst.Director Joey Sumatra of the Bureau of See receive, page B6
Land Tenure Improvement. At the back is Agusan del Sur PARPO Leoncio Bautista, Jr. photo by joie ceballos
The Social Security System (SSS) awarded Land Bank of the Philippines (LBP) as the Best Paying Commercial Bank for achieving the largest amount of benefits disbursed to members and pensioners and for actively participating in SSS thru-the-bank payment programs at the Balikat ng Bayan Awards, which was part of the SSS 59th anniversary program. Mandated to promote countryside development, LBP started out as the government’s financing arm for agrarian reform and the bank gradually expanded its operations to become a full-service commercial bank. As a valuable partner of SSS, LBP serves more than 200,000 SSS pensioners and handles about 1,300 employer accounts. Photo shows SSS President and Chief Executive See wins, page B2
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