Metro Manila – Page 52 – Author Carlo Carrasco

SM Investments Corporation acquiring 184 hectares of land in Muntinlupa City

August 28, 2024August 21, 2024carlocarrasco

Something significant could happen within the City of Muntinlupa in the near future as SM Investments Corporation (SMIC) is acquiring 184 hectares of land there as part of a property-for-shares swap with subsidiary Intercontinental Development Corporation (ICDC), according to a Manila Bulletin business news report.

To put things in perspective, posted below is an excerpt from the Manila Bulletin news report. Some parts in boldface…

SM Investments Corporation (SMIC), the flagship of the Sy family, is acquiring 184 hectares of land in Muntinlupa City from a nearly wholly-owned subsidiary, Intercontinental Development Corporation (ICDC), through a property-for-shares swap.

In a disclosure to the Philippine Stock Exchange, SMIC said its Board has approved the swap of SMIC with 96.75 percent-owned subsidiary ICDC, which will convey to SMIC its lands in Susana Heights, Muntinlupa City, in exchange for new SMIC common shares.

“In accordance with applicable Securities and Exchange Commission (SEC) rules and regulations, the respective Boards of Directors of the SMIC and ICDC deemed it necessary and advisable to enter into the Transaction,” SMIC said.

It added that the swap aims to optimize the properties’ utilization and development and align with their broader business strategies.

SMIC said it will increase its real estate assets through the acquisition of the properties, although the acquisition will have no material effect on its business, financial condition, or operations.

One of the country’s biggest conglomerates, SMIC, reported a 10 percent improvement in consolidated net income to P40.2 billion in the first half of 2024 from P36.5 billion in the same period last year. The firm said this reflected a 13 percent growth in net income to P21.8 billion in the second quarter.

Consolidated revenues rose five percent in the first half to P301.4 billion from P286.7 billion year-on-year and grew six percent to P157.7 billion in the second quarter.

“SM’s double-digit growth in the first half results reflects a positive environment for our businesses,” said SM Investments President and CEO Frederic C. DyBuncio.

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, do you think SMIC will start a major development of the 184 hectares of land in Susana Heights?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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BIR task force raids vape festival in Las Piñas City, seizes over 5,000 illicit vape products

August 27, 2024August 19, 2024carlocarrasco

Recently in the City of Las Piñas, a task force of the Bureau of Internal Revenue’s (BIR) raided a vape festival and seized more than five thousand illicit vape products, according a Philippine News Agency (PNA) news article.

To put things in perspective, posted below is an excerpt from the PNA news article. Some parts in boldface…

The Bureau of Internal Revenue’s (BIR) Illicit Trade Task Force raided Sunday the Philippine Vape Festival 2024 in Las Piñas City and confiscated illicit vape products.

In a statement, BIR Commissioner Romeo Lumagui Jr. said surveillance of the event confirmed that there were vape products without internal revenue stamps.

“The illicit vape being displayed in this festival shows the brazen attitude of the vape industry against the proper taxation of vape products. They even organized a festival filled with illicit vape. The full strength of the BIR Illicit Trade Task Force will be deployed against this industry,” Lumagui said.

About 5,385 illicit vape products have been seized. The inventory of the illicit vape products confiscated during the festival is still ongoing but the BIR said the initial estimate of tax liabilities is at least PHP7 million.

Let me end this piece by asking you readers: If you are a resident of Las Piñas City, what is your reaction to this development? Are you concerned that there could be more illicit vape products being sold in local stores? Are many members of your local community involved in the vape trade? Do you think the vape festival organizers will be held accountable for the presence of illicit vape products?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Muntinlupa City wins prestigious nutrition awards

August 27, 2024August 17, 2024carlocarrasco

Recently the City Government of Muntinlupa won prestigious awards during the 2024 Regional Nutrition Awarding Ceremony which took place in Quezon City, according to a Manila Bulletin news report.

To put things in perspective, posted below is an excerpt from the Manila Bulletin news report. Some parts in boldface…

The Muntinlupa City government bagged awards at the 2024 Regional Nutrition Awarding Ceremony organized by the National Nutrition Council (NNC)-National Capital Region on Aug. 16 at the Novotel Hotel in Quezon City.

According to NNC-NCR, Muntinlupa LGU “has been recognized as 1st Year Consistent Regional Outstanding Winner in Nutrition (CROWN) Maintenance Contender!”

The “prestigious award is presented to LGUs that demonstrate efficient and effective nutrition program management, leading to sustained nutrition improvements among their population.”

“We successfully maintained our CROWN (Consistent Regional Outstanding Winner in Nutrition) Contender status for the first year—patunay na consistent tayo sa mahusay na implementation ng ating nutrition programs and services since our first Green Banner Award in 2019 (proof that we are consistent in great implementation of our nutrition programs and services since our first Green Banner Award in 2019),” according to Muntinlupa Mayor Ruffy Biazon.

In addition, Muntinlupa was bestowed the award for Best in Documentation of Nutrition Programs, “acknowledging their exemplary performance in documenting nutrition programs and projects which contributed to high-quality nutrition program management.”

Muntinlupa’s Dr. Magdalena Meana also won runner-up as the Regional Outstanding City Nutrition Action Officer (CNAO).

Biazon, meanwhile, received the Nutrition Leadership Award as chairperson of the Muntinlupa City Nutrition Committee.

“These awards reflect our dedication to keeping our community healthy,” said Biazon.

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, are you delighted with the awards won by the City Government?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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CMCI 2024: Parañaque falls down to 27th place among Highly Urbanized Cities on Competitiveness, finishes dead last on Government Efficiency

August 26, 2024September 1, 2025carlocarrasco

The latest results of the Cities and Municipalities Competitiveness Index (CMCI) for the year 2024 showed that the City of Parañaque fell down to 27^th place among the 33 Highly Urbanized Cities (HUCs) in terms of Competitiveness when compared to last year’s results. Also for the 2^nd straight year, Parañaque finished dead last at 33^rd place in the category of Government Efficiency.

Parañaque City, which was the 24th Most Competitive HUC a year ago, scored 35.3478 points in total on the main category of Competitiveness among HUCs ranking 27^th out of 33 HUCs overall.

*The overall ranking of Parañaque City among the 33 highly urbanized cities (HUCs) nationwide for the 2024 CMCI.*

Along the way, the city scored 7.9090 points on Government Efficiency for 33^rd place, 6.5970 points on Innovation for 31^st place, 11.1401 points on Resiliency for 30^th place, 4.6574 points on Infrastructure for 23^rd place and 5.0443 points on Economic Dynamism for 12^th place.

To see the full results, complete rankings and other details of the CMCI 2024 research, click https://cmci.dti.gov.ph/rankings-data.php?unit=Highly%20Urbanized%20Cities

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Parañaque City, do you think the City Government has been doing something wrong which resulted in a lower competitiveness ranking this year? Has your City Government been transparent with regards to rendering services to you?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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CMCI 2024: Muntinlupa is the 4th Most Competitive Highly Urbanized City of the nation, 1st on Innovation

August 25, 2024August 24, 2024carlocarrasco

The latest results of the Cities and Municipalities Competitiveness Index (CMCI) for the year 2024 showed that the City of Muntinlupa is now the 4^th Most Competitive Highly Urbanized City (HUC) of the nation as well as a very high finisher among other categories including 1^st place on Innovation.

Muntinlupa City, which was the 5^th Most Competitive last year, scored 53.5967 points in total on Competitiveness among HUCs ranking 4^th out of 33 overall.

Along the way, the city scored 12.2489 points for 1^st place on the category of Innovation, 15.2697 points on Resiliency for 2^nd place, 10.1075 points on Infrastructure for 3^rd place, 11.9714 points on Government Efficiency for 6^th place, and 3.9992 points on Economic Dynamism for 17^th place. On the category of the Most Improved Rankings for 2024 among HUCs, Muntinlupa finished 7^th place.

In addition, the City of Muntinlupa won awards during the Creative Cities and Municipalities Congress held on August 23, 2024, according to a Manila Bulletin news report. The awards are related to the CMCI 2024 research and results.

To see the full results, complete rankings and other details of the CMCI 2024 research, click https://cmci.dti.gov.ph/rankings-data.php?unit=Highly%20Urbanized%20Cities

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, are you delighted to see your city being very competitive with other HUCs of the nation? Do you think Muntinlupa City has what it takes to become the most competitive city of all in next year’s CMCI?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Foreign fugitive arrested in Parañaque City

August 23, 2024August 14, 2024carlocarrasco

Recently in the city of Parañaque, a team composed of the local police, Bureau of Immigration (BI) operatives and members of the Fugitive Search Unit (FSU) of the Republic of Korea for fraud in South Korea arrested a wanted Korean national, according to a Manila Bulletin news report.

To put things in perspective, posted below is the excerpt from the Manila Bulletin news report. Some parts in boldface…

A Korean national was arrested by combined personnel of the Parañaque City Police BF Homes substation, Bureau of Immigration (BI), and Fugitive Search Unit (FSU) of the Republic of Korea for fraud in South Korea.

The Southern Police District (SPD) identified the suspect as “Park,” 33 who was arrested at around 1:30 p.m. along Manrea St., BF Homes, Parañaque City.

Park was arrested by virtue of a warrant of arrest issued by the Seoul Central District Prosecutor’s Office and Hong Sung District Court for fraud of Article 347 in violation of the criminal act and telecommunications business act of the Republic of Korea.

Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, do you think there could be more foreign fugitives who could be living within your local community?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Parañaque City scam hub raided, 99 suspects arrested

August 23, 2024August 22, 2024carlocarrasco

Very recently in the city of Parañaque, local authorities raided an alleged scam hub in Barangay Baclaran resulting in the arrests of almost one hundred suspects who were mostly foreigners, according to a Philippine News Agency (PNA) news article.

To put things in perspective, posted below is the excerpt from the PNA news article. Some parts in boldface…

Authorities apprehended nearly 100 Filipino and foreign workers during a raid at an alleged online scam hub in Parañaque City on Thursday morning.

In a report, National Capital Region Police Office (NCRPO) chief, Maj. Gen. Jose Melencio Nartatez, said police operatives swooped down on the office of AIA Company on the 9th floor of Centrium Tower 1 on L. San Pedro Street corner J. Maceda Street in Barangay Baclaran at about 2 a.m.

Among those arrested were Nan Shan, Detu Su, and Wu Jian Bin, who were identified as the manager, owner, and supervisor of the company, respectively.

Aside from the three, 64 other foreigners – 56 Chinese nationals, four Malaysians, two Myanmar nationals, an Indonesian, and a Vietnamese national – and 32 Filipinos were nabbed.

Nartatez said the operation stemmed from confirmed intelligence reports that the establishment was engaged in cryptocurrency investment and love scams by posing as a licensed offshore gaming operator.

He added that the company is not registered with the Securities and Exchange Commission.

“Investigation disclosed that the company utilizes their CSRs (customer service representatives) in fraudulently portraying a character, such as a wealthy model who would entice prospect victims to invest in the manipulated cryptocurrency exchange/trading platform, with fraudulent intent,” he said.

During the raid, NCRPO officers found rooms where indecent shows could be filmed.

“While conducting inquiries to them, the Filipino nationals manifested that they (CSRs) were forced to work as scammers, while the models were being forced to dress in a seductive manner and perform lascivious conduct, which the CSRs will portray in order to lure their prospect victim,” Nartatez said.

Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, are you concerned that there could be even more scam hubs secretly doing illegal operations within the city? Do you think the remnants of closed Philippine Offshore Gaming Operators (POGOs) have secretly been flocking to Parañaque to set up scam hubs?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Breast cancer survivor reveals the helpfulness of the Las Piñas City green card

August 22, 2024August 14, 2024carlocarrasco

Recently in the City of Las Piñas, a former employee of the City Government revealed how she survived breast cancer with the help of the local green card program, according to a Manila Bulletin news report.

To put things in perspective, posted below is an excerpt from the Manila Bulletin news report. Some parts in boldface…

A breast cancer survivor was emotional in narrating how she survived the disease with the help of green card program, a hospitalization support of the Las Piñas city government that subsidizes P30,000 of the total bill of a confined patient.

Clara Cruz, a former employee at the City Hall, said she was diagnosed with Stage 2 breast cancer in 1919 and was operated on at the San Juan de Dios Hospital.

Cruz said she underwent chemotherapy and was very thankful to Las Piñas City Mayor Imelda Aguilar and Vice-Mayor April Aguilar because she was able to use her green card twice with their approval.

Aguilar said the green card program is an important part of the city’s health subsidy program designed to deliver essential medical benefits to residents.

Let me end this piece by asking you readers: If you are a resident of Las Piñas City, what is your reaction to this development? Are you or any member of your household a green card holder? Are many members of your local community applying for a green card at City Hall?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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DPWH approves use of plastic waste to extend asphalt pavements lifespan

August 20, 2024August 12, 2024carlocarrasco

Recently the Department of Public Works and Highways (DPWH) announced its approval of the use of plastic waste to extend the lifetime of asphalt pavements, according to a Manila Bulletin news report.

To put things in perspective, posted below is an excerpt from the Manila Bulletin news report. Some parts in boldface…

The Department of Public Works and Highways (DPWH) has allowed the use of plastic waste to extend the lifespan of asphalt pavements and mitigate plastic pollution, which contributes to flooding in urban areas.

DPWH Secretary Manuel Bonoan has issued a directive mandating all DPWH regional offices, district engineering offices, and Unified Project Management Office clusters to incorporate shredded plastic in road construction projects.

The directive, outlined in Department Order 139, series of 2024, sets a new standard for the use of recycled materials, specifically low-density polyethylene (LDPE) plastic bags, in bituminous concrete surface courses.

Bonoan said the latest policy not only promotes recycling efforts but also improves asphalt’s resistance to deformation.

“This development is in line with the continuing efforts of the Department to support sustainable engineering and upgrade construction technology through the adoption of successful research studies,” he said.

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you think this move by the DPWH will lead to breakthroughs in the years to come with regards to asphalt pavements and the mitigation of plastic pollution?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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3 suspects – including BuCor officer – arrested in Parañaque City, P68 million worth of shabu seized

August 20, 2024August 12, 2024carlocarrasco

Recently in the city of Parañaque, three suspects – including one Bureau of Correction (BuCor) officer – were arrested by law enforcers and P68 million worth of shabu were seized as a result of a successful buy-bust operation, according to a Manila Bulletin news report.

To put things in perspective, posted below is the excerpt from the Manila Bulletin news report. Some parts in boldface…

Government anti-narcotics authorities seized P68 million worth of shabu following the arrest of a Bureau of Correction (BuCor) personnel and two others during a buy-bust operation in Parañaque City, according to the Philippine Drug Enforcement Agency (PDEA) on Monday, August 12.

The PDEA stated that Paul Patrick Toledo, 27, a BuCOR Correction Officer 1, truck driver Romeo Guerrero, 34, and security guard Reynold Teodoro, 27, were arrested on August 9 during an entrapment operation in Skate Park, Bulungan.

During the operation, the PDEA Special Enforcement Service (SES) and Regional Office-National Capital Region (RO-NCR), together with the Philippine National Police (PNP) Drug Enforcement Group-Intelligence and Foreign Liaison Division (IFLD), and Parañaque City Police Station Sub-Station 3 seized 10 kilograms of shabu, two vehicles, a pistol loaded with live ammunition and mobile phones.

Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, do you think that the trafficking of illegal drugs within the city will keep on happening?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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