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Bacolod City, PhilippinesWednesday, November 20, 2013
MURCIA VS. CENECO
Hearing on P16-million
real estate tax today

The hearing on the injunction petition filed by the Murcia government against the Temporary Restraining Order issued by a court to the Central Negros Electric Cooperative stopping the town from collecting P16 million in tax dues from the power firm is scheduled today.

Judge Franklin Demonteverde of Regional Trial Court Branch 44, issued the TRO last week after the Municipal Treasurer of Murcia sent on Oct. 14 a warrant of distrain to Banco De Oro-Lacson Branch, where CENECO maintains a bank account so the town could collect the unpaid tax dues of the electric firm.

CENECO president Arnel Lapore earlier said that the cooperative will not pay the P16 million, claiming that they should be exempted from paying the real estate tax, but Murcia legal consultant Reyfrando Diaz said he firm is not entitled to the exemption as it is not registered under the Cooperative Development Authority, as prescribed under the Local Government Code.

Western Visayas posts
P4.2B agri, infra loss

Damage to infrastructure, agricultural crops and fisheries in Western Visayas, that had been devastated by super typhoon Yolanda, has risen to P4.2 billion, reports of the Office of the Civil Defense 6 showed.

In Negros Occidental, damage to infrastructure as reported and validated by the Department of Public Works and Highways has been placed at P28.2 million, fisheries – P15.9 million, excluding damage to fishing boats and P57.8 million in agricultural crops, based on the report of Bureau of Agriculture Statistics, OCD 6 regional director Rosario Cabrera said.

Cabrera also reported the dwindling supply of construction materials, although the prices of basic commodities are within Automatic Price Ceiling (APC) in the region, as of Nov. 17.

Pensioners offered loans

State pension fund Government Service Insurance System  is opening a window for emergency loans for its pensioners from the areas devastated by super typhoon "Yolanda," including Negros Occidental, its chairman Daniel Lacson, Jr., announced yesterday in a press release.

The EML for pensioners facility is being rushed to be opened as soon as possible, Lacson said, adding that they need to adjust its system to include this new type of loan.

The state pension fund has already opened the EML window for its members in the calamity areas, including even those who still have outstanding loans, he said.

Business
ButtonHearing on P16-million real estate tax today
ButtonWestern Visayas posts P4.2B agri, infra loss
ButtonPensioners offered loans

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