The Professional Regulation Commission (PRC) announces that 869 out of 1,261 (69%) passed the Pharmacist Licensure Examination given by the Board of Pharmacy in the cities of Manila, Baguio and Cebu this June 2010.
The 2010 US Midterm elections to be held on November 2, 2010 is already taking shape as the Democrats and the Republicans are already positioning themselves: the Democrats to fortify its hold of the government despite the dwindling popularity of Obama policies and his handling of the oil spill off the gulf of Mexico, and the Republicans to regain their lost seats in government after the Obama victory.
The 2010 US elections in November is for the Senate, House of Representatives and Governors positions.
Presently, there are 58 Democrats compared to the 40 Republicans and 2 Independents in the US Senate; the Houseof Representatives is currently with 256 Democrats, 178 Republicans and 1 vacant seat; while 36 seats for the governor will be fought for.
Projections and polls for the US Midterm elections this 2010 points to a still Democrat-led House of Representatives, Senate and Governors, though the recent polls being conducted by ElectionProjection.com points to a very slight decrease on the numbers of the Democrats.
Everything then will boil down as to how will the Republicans aggressively campaign and how will Obama also campaign for his party to still retains a big majority position in government to push for his legislative agenda.
US Midterm Elections 2010 Results will be posted here as soon as it is already available.
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President-elect Benigno “Noynoy” Aquino III is set to hold his inauguration rites at the Quirino Grandstand on June 30, 2010. After the inauguration, a victory party is set to be held at the Quezon City Memorial Circle for all his supporter and allies.
Noynoy Aquino is the 15th President of the Republic of Philippines after getting the most number of votes during the first fully-automated elections in the country. He is also the only son of former Senator and national hero Ninoy Aquino and former president Cory Aquino. Noynoy Aquino’s Inauguration Speech is being awaited by all though Aquino’s people said that his speech will be simple and straight especially on issues about his anti-corruption platform.
“It should be as simple as possible. We should not be flamboyant especially in terms of expenses. As much as possible volunteerism brought us to this point, volunteerism will carry out that day also. As much as possible we don’t dive into the coffers of the state.”
Noynoy Aquino’s Inauguration Speech Full Text:
His Excellency Jose Ramos Horta, Former President Fidel V. Ramos, Former President Joseph Estrada, Senate President Juan Ponce Enrile and members of the Senate, House Speaker Prospero Nograles and members of the House, justices of the Supreme Court, members of the foreign delegations,Your Excellencies of the diplomatic corps, fellow colleagues in government, aking mga kababayan.
My presence here today is proof that you are my true strength. I never expected that I will be here taking my oath of office before you, as your president. I never imagined that I would be tasked with continuing the mission of my parents. I never entertained the ambition to be the symbol of hope, and to inherit the problems of our nation.
I had a simple goal in life: to be true to my parents and our country as an honorable son, a caring brother, and a good citizen.
My father offered his life so our democracy could live. My mother devoted her life to nurturing that democracy. I will dedicate my life to making our democracy reach its fullest potential: that of ensuring equality for all. My family has sacrificed much and I am willing to do this again if necessary.
Although I was born to famous parents, I know and feel the problems of ordinary citizens. We all know what it is like to have a government that plays deaf and dumb. We know what it is like to be denied justice, to be ignored by those in whom we placed our trust and tasked to become our advocates.
Have you ever been ignored by the very government you helped put in power? I have. Have you had to endure being rudely shoved aside by the siren-blaring escorts of those who love to display their position and power over you? I have, too. Have you experienced exasperation and anger at a government that instead of serving you, needs to be endured by you? So have I.
I am like you. Many of our countrymen have already voted with their feet - migrating to other countries in search of change or tranquility. They have endured hardship, risked their lives because they believe that compared to their current state here, there is more hope for them in another country, no matter how bleak it may be. In moments when I thought of only my own welfare, I also wondered—is it possible that I can find the peace and quiet that I crave in another country? Is our government beyond redemption? Has it been written that the Filipino’s lot is merely to suffer?
Today marks the end of a regime indifferent to the appeals of the people. It is not Noynoy who found a way. You are the reason why the silent suffering of the nation is about to end. This is the beginning of my burden, but if many of us will bear the cross we will lift it, no matter how heavy it is.
Through good governance in the coming years, we will lessen our problems. The destiny of the Filipino will return to its rightful place, and as each year passes, the Filipino’s problems will continue to lessen with the assurance of progress in their lives.
We are here to serve and not to lord over you. The mandate given to me was one of change. I accept your marching orders to transform our government from one that is self-serving to one that works for the welfare of the nation.
This mandate is the social contract that we agreed upon. It is the promise I made during the campaign, which you accepted on election day.
During the campaign we said, “If no one is corrupt, no one will be poor.” That is no mere slogan for posters—it is the defining principle that will serve as the foundation of our administration. Our foremost duty is to lift the nation from poverty through honest and effective governance. The first step is to have leaders who are ethical, honest, and true public servants. I will set the example. I will strive to be a good model. I will not break the trust you have placed in me. I will ensure that this, too, will be the advocacy of my Cabinet and those who will join our government. I do not believe that all of those who serve in our government are corrupt. In truth, the majority of them are honest. They joined government to serve and do good. Starting today, they will have the opportunity to show that they have what it takes. I am counting on them to help fight corruption within the bureaucracy.
To those who have been put in positions by unlawful means, this is my warning: we will begin earning back the trust of our people by reviewing midnight appointments. Let this serve as a warning to those who intend to continue the crooked ways that have become the norm for too long.
To our impoverished countrymen, starting today, your government will be your champion. We will not disregard the needs of our students. We will begin by addressing the glaring shortage in classrooms and educational facilities.
Gradually, we will lessen the lack of infrastructures for transportation, tourism and trade. From now on, mediocre work will not be good enough when it comes to roads, bridges, and buildings because we will hold contractors responsible for maintaining their projects in good condition. We will revive the emergency employment program established by former President Corazon Aquino. This will provide jobs for local communities and will help in the development of their and our economy.
We will not be the cause of your suffering or hardship. We will strengthen collections by the Bureau of Internal Revenue and we will fight corruption in the Bureau of Customs in order to fund our objectives for the public welfare, such as:
• Quality education, including vocational education, so that those who choose not to attend college or those who cannot afford it can find dignified livelihood; • Improved public health services such as PhilHealth for all within three years; • A home for every family, within safe communities.
We will strengthen the armed forces and the police, not to serve the interests of those who want to wield power with impunity, but to give added protection for ordinary folk. The armed forces and the police risk their lives daily so that the nation can live in peace and security. The population has doubled and yet their numbers remain unchanged. It is not right that those who make sacrifices are treated pitifully.
If there was a fertilizer scam in the past, today there will be security for farmers. We will help them with irrigation, extension services, and marketing their products at the best possible prices.
We are directing Secretary Alcala to set up trading centers that will directly link farmers and consumers thereby eliminating middlemen and opportunities for corruption. In this way, funds can be shared by farmers and consumers. We will make our country attractive to investors. We will cut red tape dramatically and implement stable economic policies. We will level the playing field for investors and make government an enabler, not a hindrance to business. This is the only means by which we can provide jobs for our people.
Our goal is to create jobs at home so that there will be no need to look for employment abroad. However, as we work towards that end, I am ordering the DFA, POEA, OWWA, and other relevant agencies to be even more responsive to the needs and welfare of our overseas Filipino workers.
We will strengthen the process of consultation and feedback. We will strive to uphold the constitutional right of citizens to information on matters of public concern.
We relived the spirit of people power during the campaign. Let it take us to good and effective governance. Those who believe in people power put the welfare of others before their own. I can forgive those who did me wrong but I have no right to forgive those who abused our people.
To those who talk about reconciliation, if they mean that they would like us to simply forget about the wrongs that they have committed in the past, we have this to say: there can be no reconciliation without justice. When we allow crimes to go unpunished, we give consent to their occurring over and over again. Secretary de Lima, you have your marching orders. Begin the process of providing true and complete justice for all.
We are also happy to inform you the acceptance of Chief Justice Hilario Davide of the challenge of strengthening and heading a Truth Commission that will shed light on many unanswered issues that continue to haunt our country.
My government will be sincere in dealing with all the peoples of Mindanao. We are committed to a peaceful and just settlement of conflict, inclusive of the interests of all -- may they be Lumads, Bangsamoro or Christian.
We shalI defeat the enemy by wielding the tools of justice, social reform, and equitable governance leading to a better life. With proper governance life will improve for all. When we are all living well, who will want to go back to living under oppression?
If I have all of you by my side, we will be able to build a nation in which there will be equality of opportunity, because each of us fulfilled our duties and responsibilities equally.
After the elections, you proved that it is the people who wield power in this country. This is what democracy means. It is the foundation of our unity. We campaigned for change. Because of this, the Filipino stands tall once more. We are all part of a nation that can begin to dream again.
To our friends and neighbors around the world, we are ready to take our place as a reliable member of the community of nations, a nation serious about its commitments and which harmonizes its national interests with its international responsibilities.
We will be a predictable and consistent place for investment, a nation where everyone will say, “it all works.”
Today, I am inviting you to pledge to yourselves and to our people. No one shall be left behind. No more junkets, no more senseless spending. No more turning back on pledges made during the campaign, whether today or in the coming challenges that will confront us over the next six years. No more influence-peddling, no more patronage politics, no more stealing. No more sirens, no more short cuts, no more bribes. It is time for us to work together once more.
We are here today because we stood together and believed in hope. We had no resources to campaign other than our common faith in the inherent goodness of the Filipino.
The people who are behind us dared to dream. Today, the dream starts to become a reality. To those among you who are still undecided about sharing the common burden I have only one question: Are you going to quit now that we have won?
You are the boss so I cannot ignore your orders. We will design and implement an interaction and feedback mechanism that can effectively respond to your needs and aspirations.
You are the ones who brought me here—our volunteers—old, young, celebrity, ordinary folks who went around the country to campaign for change; my household help who provided for all my personal needs; my family, friends, colleagues at work, who shared, cared, and gave their support; my lawyers who stayed all hours to guard my votes and make sure they were counted; and the millions of Filipinos who prevailed, kept faith, and never lost hope - I offer my heartfelt gratitude.
I will not be able to face my parents and you who have brought me here if do not fulfill the promises I made.
My parents sought nothing less, died for nothing less, than democracy and peace. I am blessed by this legacy. I shall carry the torch forward.
My hope is that when I leave office, everyone can say that we have traveled far on the right path, and that we are able to bequeath a better future to the next generation. Join me in continuing this fight for change.
Thank you and long live the Filipino people!
Note: This English translation of Pres. Noynoy Aquino’s Inaugural Speech was published by Inquirer.net
Noynoy Aquino Inauguration Video:
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Pinay singing sensation Charice Pempengco joined other celebrities in a tribute video for the late King of Pop Michael Jackson.
Charice is one of the 25 international artists who shared their tribute, thoughts and thanks to Michael Jackson with which the world remembers his first death anniversary.
Other celebrities included on the tribute video are Jewel, the Jonas Brothers and Christina Aguilera.
Charice shared on the video,
“When I was 6 years old, like 5 or 6 that was the first time I saw Michael Jackson. To be serious, I mean, when I was like that age, I thought about just being a dancer because of him.”
The Michael Jackson tribute video was by Billboard.com
Watch Charice on Michael Jackson Tribute Video by Billboard.com:
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Julia Perez of Indonesia or more popularly known as Jupe as she is set to run for a public office in Pacitan district East Java causing some controversy against majority of conservative Indonesians. Julia Perez is an Indonesian model, singer and actress who want to be the next “bupati” or district head on the upcoming December polls.
The controversy about Jupe’s political ambitions is even more contested as Indonesia is a very conservative Muslim country but Jupe’s latest album is entitled “Kamasutra” and other songs with graphic and sexual overtones.
But there are also analysts who say that Perez’s entry into politics is only one of the many Indonesian celebrities who are joining the political slug fest in the recent years indicating that democracy ushered in a spree for political ambitions; and second that the present politicians in Indonesia are performing poorly.
Let us see in December if the singer, actress and model who sings a song entitled “Belah Duren” (Splitting-open the Durian) can win the government post.
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OPM Composer and singer Ogie Alcasid composed an inauguration song together with Noel Cabangun for the inauguration of President-elect Noynoy Aquino scheduled on June 30, 2010 at the Quirino Grandstand, Manila.
The Inauguration Song has “Bagong Pilipinas” for the title that echoes the campaign motto of Aquino promising to lead the nation to reform.
Jed Madela is one among the 10 singers chosen to sing the “Bagong Pilipinas”.
Other singers who will also perform during the inauguration ceremony are Gary Valenciano, Ogie Alcasid, Noel Cabangun, the APO Hiking Soceity, Regine Velasquez and Christian Bautista. Charice was the one tapped to sing the national anthem.
Bagong Pilipinas Inaugural Song Video:
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President Gloria Macapagal-Arroyo bid her last farewell to the Filipino people after 9 years of service as the Philippine President.
She will be replaced by incoming President Noynoy Aquino III which will have his oath-taking ceremony on June 30, 2010 at the Quirino Grandstand.
Watch Pres. Gloria Arroyo Farewell Speech Video:
Pres. Gloria Arroyo Farewell Speech Full Transcript:
My fellow Filipinos:
We come together tonight as we approach a hallmark of democracy for our great nation: the smooth transition of power to a new leader. We have just come through a historic election. It was open and it was modern. As a result, we were able to declare winners in hours and days rather than weeks and months. The face of politics in our nation has changed forever. Tonight I once again congratulate president-elect Aquino and vice president-elect Binay.
Nine years ago I came to the presidency at the time of great turmoil in our nation. I accepted the challenge to the office when it was thrust upon me. At that time our country was reeling from political intrigue and a distressed economy we set to work to reform our economy and invest in our people. Along the way we had to make unpopular choices such as raising taxes but we did so against the odds for a very simply reason. We had to have new money for more and better health care, education, and job creation. We needed new and better roads, bridges, ports and a technology backbone to attract new businesses and investors to create new jobs. Through hard work, determination and a clear plan of action we helped achieve many of these objectives. As a result we have had 37 quarters of uninterrupted economic growth even against the head winds of a major global recession.
Look around you in our cities, as you drive by the office towers that have changed the skylines. Look around you in our provinces, as you drive around the roads, bridges, and Ro-Ro ports where we have made massive investments. This is the face of change. Eighty-five percent of our people now have access to PhilHealth insurance. Over a hundred thousand new classrooms have been built and 9 million jobs have been created. We developed the call center industry almost from scratch. Today we have almost 500 thousand centers and BPO jobs when only 5 thousand existed when i took office yet these accomplishments are merely part of the continuum of history.
The gains I made were built on the efforts of previous leaders. Each successive government must build on the successes and progress of the previous one. Advance the programs that work, leave behind those that don't. I feel confident that we are leaving this nation much stronger than when I came to office but I leave that for history to judge.
Tonight I call on everyone to unite behind our new leaders. I am optimistic and I am hopeful about our future yet until every Filipino child is born to a family free of poverty. We cannot rest. We must always set our sights on the future, and keep an eye on improving our economy, investing in people and building bridges -- not just bridges of iron and steel, but bridges between people, generations, and government. The bridges we must build to the future must rest on the hard work, grace and compassion of our people -- the people of our nation, our greatest asset. You are the backbone that drives our nation forward everyday: from the fisherman to the farmer to the taxi driver and the teacher. We are a nation of industrious and hard working people. I thank each and everyone for your contribution to have the Philippines achieve our potential.
This time next week, I will be moving in a new phase in life, leading a quieter public role. We are all in a journey together as our nation moves forward. Let us all join hand in unity and walk confidently towards a better tomorrow. From the bottom of my heart, I thank you for giving me the honor and privilege of serving you. Malaking karangalan ang makapaglingkod sa sambayanan bilang Pangulo sa inyong lahat na napagsilbihan ko sa mahirap ngunit makasaysayang landas. Maraming, maraming salamat.
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Man, the Apple iPhone 4G is simply elegant and beautiful, like a sleek and sexy black sports car you cannot resist but have and drive.
The features and specifications of iPhone 4G is amazing but what Filipinos are asking is when will this phone arrive and be released in the Philippines and how much does it cost.
In the US the 4G price or cost is $599 for the 16GB and $699 for the 32 GB. It will be available on 88 countries by September.
Yugatech puts the 4g price estimate in the Philippines around P35,000.
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Who is Julia Gillard? After a quick move on Australian government, the ruling party has chosen Australia’s first female Prime Minister Julia Gillard to replace Kevin Rudd. Gillard challenged Rudd since having garnering a big mandate in 2007 a month before expected election is to be held this 2010.
The vote gave Gillard the Prime Minister position that had also surprised Australia’s lawmakers.
"I asked my colleagues to make a leadership change ... because I believed that a good government was losing its way. And because I believe fundamentally that the basic education and health services that Australians rely on and their decent treatment at work are at risk at the next election. I'm well aware that I am the first woman to serve in this role, but can I say to you, I didn't set out to crash my head on any glass ceilings."
Julia Gillard was to be sworn into office by Australia's first woman Governor-General, Quentin Bryce Australia's first woman Governor-General, Quentin Bryce.
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The 2010 NBA Draft was already made and some college basketball players got the shot of their life to play to the NBA.
The first draft pick/overall draft pick this 2010 is John Wall, 6’4, from Kentucky and will go to Washington Wizards.
Check out the 2010 NBA Draft Results (First Round):
1. Washington Wizards 2. Philadelphia 76ers 3. New Jersey Nets 4. Minnesota Timberwolves 5. Sacramento Kings 6. Golden State Warriors 7. Detroit Pistons 8. Los Angeles Clippers 9. Utah Jazz (From New York via Phoenix) 10 .Indiana Pacers 11. New Orleans Hornets 12. Memphis Grizzlies 13. Toronto Raptors 14. Houston Rockets 15. Milwaukee Bucks (From Chicago) 16. Minnesota Timberwolves (From Denver via Charlotte) 17. Chicago Bulls (From Milwaukee) 18. Oklahoma City Thunder (From Miami) 19. Boston Celtics 20. San Antonio Spurs 21. Oklahoma City Thunder 22. Portland Trail Blazers 23. Minnesota Timberwolve (From Philadelphia via Utah) 24. Atlanta Hawks 25. Memphis Grizzlies (From Denver) 26. Oklahoma City Thunder (From Phoenix) 27. New Jersey Nets (From Dallas) 28. Memphis Grizzlies (From L.A. Lakers) 29. Orlando Magic 30. Washington Wizards (From Cleveland)
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Indonesia is being rocked by a scandal after the pop singer Nazril Ariel of the Peterpan band and his scandal videos with girlfriend Maya Luna surfaced in the web and on mobile phones.
Aside from Maya Luna, Narzil’s former girlfriend Cut Tari was also implicated on a sperate scandal video.Luna Maya and Cut Tari are known celebrities in the Muslim-dominated and conservative country Indonesia.
Nazril Ariel already surrendered to authorities as he is named a suspect against anti-pornography laws in Indonesia. The Nazria Arial, Luna Maya and Cut Tari scandal videos prompted Indonesia’s president Susilo Bambang Yudhoyono to rage a fight against online pornography.
Nazril is facing charges that may make him end up in jail for 12 years while Cut Tari being married is going to face charges for adultery.
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Check out, jejemon is taking the music scene as Blanktape, a rapper composed a song entitled “Jejemon”.Watch Jejemon BlackTape Video:
Jejemon BlackTape Lyrics: Jejemon, Jejemon repeat 4x Hey yo listen carefully makinig u muna to me Ako'y may konting sasabihin sa Jejemon identity Jejemon is a person na may phone Na kapag nagtext ang kanyang message ay naku so arte tsong Hirap tuloy itong ma-read kaya Jejebusters ay galit Kasi bago mo magets analyze first is all u need Ewan ko ba't may ganun dumadami na ang Jejemon Sa sobrang hilig mo magtext baka dito ka belong Kaya pag nagtetext ka, i-double check mo na Baka di mo nano-notice na Jejemon ka na Chorus: Jejemon Jejemon, yan ang in na in ngayon Jejemon Jejemon, so arte magtext sa phone Jejemon Jejemon, check mo nga ang text mo tsong Jejemon Jejemon, at baka isa ka don Jejemon na talaga, di na mapipigilan pa Mapabata matanda Jejemon na rin sila Dito kasi no age limit basta maarte u magtext It doesn't matter poor or rich basta meron u pangtext Anytime ay welcome ka kahit cell di maganda Kaya kung Jejebuster ka jejeje jumoin ka na Baka kasi di mo alam ur Jejemon noon pa man At now mo lang to na discover kaya ka nagkakaganyan Kaya pag nagtetext ka, i-double check mo na Baka di mo nano-notice na Jejemon ka na Repeat chorus 2x Alamin mo muna tsong kung anong klase kang Jejemon Mild ka ba o moderate well alin ka ba doon Baka naman ay severe ka o baka ay terminal Jejemon pa rin ang tawag kasi text mo'y di normal Pero unique maikli man o siniksik Kahit mahirap pang basahin kasi letters ay conflict Kaya maybe Jejemon me o baka nga Jejemon u Or maybe di natin alam lahat kayo lahat tayo...c'mon! Kaya pag nagtetext ka, i-double check mo na Baka di mo nano-notice na Jejemon ka na Repeat chorus 4x Jejemon Jejemon Jejeje Jejeje ~ End ~
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First Gentleman Mike Arroyo has launched his coffee table book entitled “My First” at Malacanang Palace.
On the said book of Mike Arroyo, he shared all his thoughts during the 9 year term of wife out-going President Gloria Macapagal-Arroyo and some highlights about his life.
Some sections of his book was also dedicated to his answer with all the allegations of corruption he was implicated with.
Some lines from his book read,
“Much has been written and said about the controversies that surround First Gentleman Jose Miguel T. Arroyo, a man who has been crucified in the public eye too many times.”
“Being the innately private person that the First Gentleman is, he has learned to roll with the punches at the right moments and deal with unflattering accusations with grace and patience, even choosing oftentimes not to dignify false charges with a reply.
“There’s a time and place for setting the record straight and this book is one of them.”
Another book is entitled “181 Dreams” that shared to different stories of Mike Arroyo’s scholars under the First Gentleman Foundation, Inc.
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Sony Ericsson mobile fans are sure to get excited with the latest mobile phone Sony Ericsson Yando with Walkman. Sony Ericsson Yando with Walkman is full touch mobile phone with music, social networking features to boot, joining in the bandwagon of touch screen phones with social networking access.
Sony Ericsson Yando Features:
Walkman Music with MediaGo and PlayNow Social Networiking 2.0megapixel Chat
Sony Ericsson Yando Specifications:
2.6 Inches Touchscreen, 256K colors, 240 x 320 pixels, 2MP Camera with Video Recording Capabilities 5MB Internal Memory Expandable Storage 3.5 mm Headphone Bluetooth Dimensions: 93.5 x 52 x 15.5 mm Weight: 81 g 156 MHz Processor
Sony Ericsson Yando Price:
Price is in the market as it will get its introduction to mobile users in the Philippines is expected to be around P11,000.
Sony Ericsson Yando Photo:
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I have come across an online article of CoolBuster.com about a new lingo that is getting some steam may soon try to emerge side by side the jejemon fever.
This time, it is called Bebemon. Sounds funny huh? Well, from the name itself this new text language and even language used by teens is based on what they call a baby language or baby talk. Do you have a baby brother or sister or nephew or niece doing a baby talk? Then that is what Bebemon is all about, all for the fun of it of course.
Here is an example that CoolBuster shared that made me laugh really.
"Matutulog na po ba kayo Kuya?" becomes "Matutuyod na po ba tayo Tuya?"
"Naiinis na ako sa 'yo!" is changed into "Daiinit na ato tayo!" (LoL!).
Hey, this is not yet the end of the world, LOL! But people are really experimenting and pushing language construction to limits and when I say to the limits, it is really to the limits of what is sometimes rational and logical.
I will not wonder if one of these days we will hear another lingo that is “Bobomon”.
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Jovit Baldivino is the Grand Winner of Pilipinas Got Talent Grand Finals.
This kid from Batangas has won the hearts of the people as he rose to get the highest votes of almost 50%.
He sang "Too Much Love Will You" during the Grand Finals night held at the Araneta Coliseum.
Watch Jovit Baldivino Grand Finals Performance Video Too Much Love Will Kill You:
Too Much Love Will Kill You Lyrics:
I’m just the pieces of the man I used to be Too many bitter tears are raining down on me I’m far away from home And I’ve been facing this alone For much too long I feel like no-one ever told the truth to me About growing up and what a struggle it would be In my tangled state of mind I’ve been looking back to find Where I went wrong Too much love will kill you If you can’t make up your mind Torn between the lover And the love you leave behind You’re headed for disaster ‘cos you never read the signs Too much love will kill you Every time I’m just the shadow of the man I used to be And it seems like there’s no way out of this for me I used to bring you sunshine Now all I ever do is bring you down How would it be if you were standing in my shoes Can’t you see that it’s impossible to choose No there’s no making sense of it Every way I go I’m bound to lose Too much love will kill you Just as sure as none at all It’ll drain the power that’s in you Make you plead and scream and crawl And the pain will make you crazy You’re the victim of your crime Too much love will kill you Every time Too much love will kill you It’ll make your life a lie Yes, too much love will kill you And you won’t understand why You’d give your life, you’d sell your soul But here it comes again Too much love will kill you In the end… In the end.
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It was announced that there will be a great celebration in New York for the Puerto Rican Day Parade 2010.
New York’s Fifth Avenue will see the convergence of more than 2 million people to celebrate the Puerto Rican culture.
Rep. Nydia Velazquez shared,
“It’s just an incredible experience. It’s a sense of pride, unity, a sense of cultural contributions, it is amazing, It’s an incredible message for the younger generation that is watching this, that is participating.”
Expected artists to perform during the celebration are Daddy Yankee, Hector El Bambino and Marc Anthony.
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The Karate Kid Movie is back in the movie screen but this time around, a black young kid is going to take the role of the young boy who will be trained to become the Karate Kid. And the kung fu master who will train the Karate Kid is the legendary actor Jackie Chan. The Karate Kid? Will Smith’s son Jaden Smith.
Karate Kid 2010 Movie Cast:
Jackie Chan Jaden Smith Taraji P. Henson Tess Liu
Director: Harald Zwart
Distributor: Sony Pictures
Date of release: June 11, 2010
Beware of websites that are offering free download of Karate Kid 2010 movie, almost always they may carry some virus or malwares that may harm your computer.
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Earlier today, fight fans got the best of UFC 115 fights with the main event that was between Chuck Lidell and Rich Franklin. Lidell got knocked out by Franklin.
Here are the UFC 115 post fight conference videos to give us the post fight views and thoughts of fighters and of UFC head honcho Dana White.
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Flag carrier Philippine Airlines (PAL) offers a special promo for flights with the PAL Econolight Class on Domestic destinations and selected Asian routes.
This promo promises affordable air fare lower than the Economy Fiesta Class to cater for the budget-conscious travelers.
Check this great offer by PAL from its official site: INTERNATIONAL ROUND TRIP FARES
(excluding taxes, surcharges and airport terminal fee)
FROM MANILA:
SECTOR FARE BASIS NEW ROUND TRIP FARE
MANILA - BANGKOK PWEBBKK USD 98
MANILA - HO CHI MINH (SAIGON) PWEBSGN USD 98
MANILA - HONG KONG PWEBHKG USD 88
MANILA - JAKARTA PWEBJKT USD 98
MANILA - MACAU PWEBMFM USD 88
MANILA - SINGAPORE PWEBSIN USD 98
MANILA - TAIPEI PWEBTPE USD 88
MANILA - SHANGHAI PWEBSHA USD 148
MANILA - BEIJING PWEBBJS USD 278
TO MANILA:
SECTOR FARE BASIS NEW ROUND TRIP FARE
BANGKOK - MANILA PNBKK8D THB 3,725
BEIJING - MANILA PNBJS8D CNY 1,910
HO CHI MINH (SAIGON) - MANILA PNSGN8D USD 98
HONG KONG - MANILA PNHKG8D HKD 690
JAKARTA - MANILA PNJKT8D USD 98
MACAU - MANILA PNMFM8D MOP 710
SINGAPORE - MANILA PNSIN8D SGD 147
SHANGHAI - MANILA PNSHA8D CNY 1,180
TAIPEI - MANILA PNTPE8D TWD2,992
Note: International fares will be quoted in the currency of the country of departure except for Philippines, Indonesia and Vietnam where fares are quoted in USD.
________________________________________ DOMESTIC ONE WAY ALL-IN FARES
(excluding Aviation Security Fee (ASF) and airport terminal fee )
• For as low as PHP1,288
Between CEBU and DAVAO
• For as low as PHP1,288
Between MANILA and BACOLOD, CEBU, DUMAGUETE, ILOILO, KALIBO, LAOAG,
LEGASPI, ROXAS, TACLOBAN, TAGBILARAN
• For as low as PHP1,588
Between MANILA and PUERTO PRINCESA
• For as low as PHP2,288
Between MANILA and BUTUAN, CAGAYAN DE ORO, COTABATO,
DAVAO, DIPOLOG, GENERAL SANTOS, OZAMIZ, ZAMBOANGA
Note: Airline fares are subject to change without prior notice
Conditions:
• Available in the internet only
• International flights has minimum of 2 days and maximum of 8 days stay
• Fare for child and infant occupying a seat is 100% of the EconoLight adult fare
• Fare for infant not occupying a seat is 50% of the EconoLight adult fare
• Tickets are non-refundable/Non-rebookable/Non-reroutable Non-upgradeable/Not
combinable
• Reissuance not permitted
• Forfeited if ticket is unused
• No mileage accrual
• Free Baggage Allowance is 15 kgs per passenger
• No additional free baggage allowance will be extended to Mabuhay Miles Million Miler/Premier Elite/Elite and SportsPlus members
• Limited seats only
• Book and ticket immediately
Other Travel Conditions
• No Advance Seat Reservation (ASR)
• No Mabuhay Lounge access regardless of membership level
• Passengers holding EconoLight tickets will depart/arrive at Manila - Ninoy Aquino International Airport (NAIA) Centennial Terminal 2
Metrogate Subdivisions and Homes are the realty projects of Moldex Realty Inc. in the Philippines. Some of these projects are located at Silang, Cavite, Pampanga, Tagaytay, Laguna, Dasmariñas, and Quezon City.
The company boosts of the different amenities that home owners can enjoy in their respective subdivisions.
The most recent of their project is Metrogate Tagaytay Manors that sits on a 10-hectare prime property in the picturesque Tagaytay area.
To check out Metrogate Subdivisions, you can call them at (02) 536- 0087 / 0917-8639470.
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TV5 has been making a great comeback into the mainstream Philippine television under the helm of businessman Manny Pangilinan.
TV5 started to offer new shows and programs and increasingly invited more regular artists into its backyard.
One of the most popular TV programs it has today is Face To Face hosted by Amy Perez. The show is like that of Jerry Springer of the U.S.
Face To Face showcases the many and ordinary issues and conflicts that most Filipinos experience. And as the show tries to make each other face the problem head, it cannot prevent sometimes emotions from erupting and violence from happening. This format of the show which is quite new and uncharted to Philippine television due to the culture of Filipinos made the show an instant hit to viewers.
TV5 Face To Face videos are watched now by many people over YouTube and shared on many other social networking sites.
TV5 Face To Face Video:
What is your thought about the show?
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Rapper Eminem is the subject of internet buzz today as his album may been leaked by some people online.
Eminem’s Recovery Album has been leaked that people say could bring him back in 2010 to the music’s top charts dominated by Lady Gaga and pop stars.
There are purportedly 16 songs on his album.
Eminem Recovery Review Album Track list:
1. Cold Wind Blows 2. Talking To Myself 3. On Fire 4. Won’t Back Down 5. W.T.P 6. Going Thru 7. Not Afraid 8. Seduction 9. No Love 10. Space Bound 11. Cinderella Man 12. 25 to Life 13. So Bad 14. Almost Famous 15. Love the Way You Lie
16. You’re Never
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Joran Van Der Sloot confession of Murder of Stephanie Flores may at last close the case as authorities reported that the Dutchman man confessed to them his crime.
Though Joran Van Der Sloot has been tagged as the prime suspect for the death of Natalee Holloway in 2005, he however confessed of killing a different woman in a hotel room in Peru.
The victim is Stephanie Flores, 21 years old.
Reports detailed how Van Der Sloot killed Flores after the latter is said to have taken the former’s laptop with his consent.
Part of the confession says,
"I did not want to do it. The girl intruded into my private life... she didn't have any right. I went to her and I hit her. She was scared, we argued and she tried to escape. I grabbed her by the neck and hit her."
Details of his confession and its transcript has bee obtained by local television network. Police authorities are now readying the charges to filled against Van Der Sloot.
Van der Sloot has long been considered the main suspect in the 2005 disappearance of Alabama teenager Holloway on the Caribbean resort island of Aruba. He was arrested twice, but freed both times for lack of evidence.
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The April 2010 Civil Service Exams Results list of Passers will be released soon. The exam was given to a total of 95,393 on different locations around the country last April 25, 2010.
The 2010 Civil Service Exams Results that will be released by the Civil Service Commission (CSC) covers service eligibility Subprof and Prof exams.
Don’t forget to subscribe via email to get the latest results of exams right at your inbox.
The PRC through its Nursing Board is set to release the July 2010 Nursing Board Exams Resultsmonths from now. The board exams results will also include the list of those who has taken the highest scores or the Topnotchers.
The National Police Commission (NAPOLCOM) of the Philippine National Police will soon release the NAPOLCOM PNP Entrance Exams Results April 2010.
The NAPOLCOM PNP Exams Results April 2010 will include those who took the entrance exams and those who took it for promotions in the PNP rank.
Those successful examinees on the entrance exams will be made eligible will receive the rank of Police Officer 1 (PO1) while those who passed the promotional exams will be given their proper new ranks.
So keep updated here for the results as they will be posted real soon.
The premiere military academy in the Philippines is now starting to receive applications for the 2010 PMA Entrance Examination (PMAEE) from all qualified young men and women who wants to join the ranks of our Armed Forces.
Official results of the PMA Entrance Exam will be posted here as soon as the results are published.
Radio host Rush Limbaugh, 56, got married with his bride Kathy Rogers, 33. The wedding of Rush Limbaugh and Kathy Rogers was filled celebrities and politicians, with reports saying that Sir Elton John was paid $1 million to sing to the wedding.
Over 400 guests were invited that included members of the conservatives, like Rudolph Giuliani and Karl Rove.
The wedding took place at Palm Beach’s Breakers Hotel.
Rush Limbaugh Wedding and Kathy Rogers Wedding Photos:
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Man, even a dead celebrity may not get his own peace yet as reports were posted online about Gary Coleman’s Death Photos going on for sale.
The photos/pictures are said to be taken during the time when actor Gary Coleman was brought to the hospital and another photo of him when he was already declare dead.
Man, could you people give Gary his peace?!
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Nabisco cookies is making a promo today online through social network giant Facebook.com.
If you like Nabisco cookies and want it for free, you can go to facebook.com/nabiscocookies and print the coupon for their Cookies and Milk tab but one must first buy one package of Nabisco cookies, one gallon of milk and your second purchase will automatically come for free.
The Nabisco cookies promo is only for today (24 hours) and could be redeemed by June 25.
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Marvin Isley is Dead at 56 years of age. Marvin is the bass player of the Isley Brothers during the 1970’s till the 1980’s.
He died at Chicago.
Marvin joined the band group of his brothers that played funk music during the 60’s. But he was very young at the time to jam with O’Kelly, Ronald and Rudolph. His great talent as a bassist made him known and shot him to music stardom.
Marvin Isley’s cause of death are complications of diabetes.
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A huge dishwasher recall was made by Maytag that is estimated to reach about 1.7 million dishwashers.
Maytag, a company under Whirlpool Corporation is tasked to recall its Maytag dishwasher as the Consumer Product Safety Commission said that it has received reports of electrical failures caused by the heating of the dishwasher. These reports of electrical failures of Maytag are also connected to fires and damages at home.
Here is the list of those included in the recall:
“Maytag, Amana, Jenn-Air, Admiral, Magic Chef, Performa by Maytag and Crosley brand dishwashers with plastic tubs.”
The government agency further announced to consumers to stop using all products included in the recall.
On the other hand, Whirlpool Corp. said that it will follow all the agency has prescribed and help out customers. It also has placed $75 million to cover the repair costs.
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The scorching heat is all over and the rainy days are here as experienced by many parts in the Philippines with heavy rains and flooding already made manifest.
Weather forecasters are quick to give warnings of more rainfall and all the problems it poses to be experienced in the coming months as we experience the rainy season.
Some of these could be flooding, landslides and mudslides.
Just as we experienced with last year’s strong typhoons, the SSS or Social Security System is once again announcing of the availability of the SSS Calamity Loan to all its regular members when they need it.
The SSS Calamity Loan is
“is a loan intended to meet the emergency credit needs of a member who is a victim of a natural disaster in a locality declared as a calamity area.”
Any SSS member on good standing and has all the necessary requirements and documents can easily avail of this calamity loan.
SSS Calamity Loan Requirements/How to Apply:
A member who is applying for a calamity loan should first ask for a barangay clearance that will state that your area is indeed under the state of calamity; plus the official SSS Calamity Loan application form.
Requirements are then submitted to SSS office nearest your.
SSS Calamity Loan Loanable Amount:
1. A member may avail of a calamity loan of P8,000.
2. A member with an existing calamity loan may avail of another calamity loan, provided that his total calamity loan availment does not exceed P10,000.
3. The outstanding balance of any earlier calamity loan will not be deducted from his new loan.
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Most recently, the slump on job opportunities abroad for Filipinos in the health care sector has shifted some into looking into different job opportunities.
One that was on the fast rise was welding jobs to all qualified welders. Different countries in particular, Dubai, Australia, Kuwait, Saudi Arabia and UAE to name a few are posting many job opportunities and hiring welders. But the economic meltdown of the US that was also felt by many countries across the globe put a halt to this demand as the construction and real estate development sector increasingly put a stop to many projects.
But many Filipinos especially OFWs are remaining optimistic that with the global economy on the verge of full recovery, sooner jobs abroad and opportunities are already available just like the olden days.
Image from ArchiImage
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The SM Scholarship Foundation’sCollege Scholarship Program is the flagship project of SM Foundation that started in 1993 and up to now continues to help hundreds of Filipino students from public high-schools around the country to get a college degree.
The SM Scholarship is open to all candidates of graduation of public high schools in the following regions and provinces: National Capital Region, Baguio, Batangas, Bulacan, Cavite, Laguna, Lucena, Pampanga, Bacolod, Cebu, Iloilo, Cagayan de Oro and Davao. Applicants should have a weighted average of 85% and annual household income should not exceed P100,000.
The scholarship covers tuition fees and monthly allowance.
SM Scholarship Application Requirements:
1. Xerox copy F-138 or 4th year high school report card.
2. Xerox copy f Income Tax Return (ITR) of parents and family members in the same household; W2 for those who have no ITR or those whose annual earnings are below PhP 100,000.00; BIR Tax Exemption Certificate for those who are not earning.
SM Scholarship Contact Number and Office:
SM Foundation, Inc. Address: Makati Stock Exchange Bldg., Room 218, Ayala Ave., Makati City Phone Number: (02) 810-8030 / (02) 810-2016-19 Fax Number: 818-1099
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So you want to avail yourself a housing loan from PAB-IBIG? Read the following important information and details on the implementing guidelines published by PAG-IBIG on how to apply and the loan requirements.
You may also want to check some criticism here about the quality of Pag-Ibig Membership Cards given to members.
1. LOAN PURPOSE
The Pag-IBIG housing loan may be used to finance any one or a combination of the following:
1.1 - Purchase of a fully developed lot not exceeding one thousand square meters (1,000 sq. m.), which should be within a residential area;
1.2 - Purchase of a lot and construction of a residential unit thereon;
1.3 - Purchase of a residential house and lot, townhouse or condominium unit, inclusive of a parking slot, which may be:
1.3.1 - Old or brand new;
1.3.2 - A property mortgaged with the Fund; or
1.3.3 - An acquired asset which is disposed of through sealed public bidding, negotiated sale, or Rent-to-Own Program.
1.4 - Construction or completion of a residential unit on a lot owned by the member;
1.5 - Home improvement, i.e. any alteration in an existing residential unit intended by a homeowner to be a permanent integral part thereof, which will enhance its durability and material value;
1.6 - Refinancing of an existing mortgage with an institution acceptable to the Fund, provided that:
1.6.1 - The loan is not in default within twelve months prior to date of application;
1.6.2 - said loan has a repayment history of at least two years with the original mortgagee
1.7 - Combination of loan purposes shall be limited to the following:
1.7.1 - Purchase of a fully developed lot not exceeding one thousand square meters (1,000 sq. m.) and construction of a residential unit thereon;
1.7.2 - Purchase of a residential unit, whether old or new, with home improvement;
1.7.3 - Refinancing of an existing mortgage with home improvement;
1.7.4 - Refinancing of an existing mortgage, specifically a lot loan, with construction of a residential unit thereon.
2. BORROWER'S ELIGIBILITY
To qualify for a Pag-IBIG housing loan, a member shall satisfy the following requirements:
2.1 - On Pag-IBIG Membership
2.1.1 - Must be a member under the Pag-IBIG I, Pag-IBIG II or Pag-IBIG Overseas Program (POP) for at least twenty-four (24) months, as evidenced by the remittance of at least 24 monthly contributions at the time of loan application.
2.1.2 - A member, whether new or with existing monthly contributions that are still short of the 24-month membership requirement, shall be allowed to make lump sum payment based on the basic monthly membership contribution rates to meet said requirement at point of loan application. Lump sum payment of membership contributions shall be considered a single contribution for the applicable month as of the payment date.
Said member shall be required to pay the upgraded membership contribution rates upon housing loan approval and onwards.
2.1.3 - A member who has contributed for at least two (2) years shall be required to pay the upgraded membership contribution rates upon housing loan approval and onwards.
2.1.4 For purposes of satisfying the residency requirement, the period corresponding to the Total Accumulated Value (TAV) applied earlier to a member's outstanding loan (offsetting) shall be considered when counting the total number of monthly contributions, provided that the remaining TAV after offsetting does not fall below the equivalent amount of 24 monthly contributions.
2.2 - Not more than 65 years old at the date of loan application and must be insurable; provided further that he/she is not more than 70 years old at the date of loan maturity;
2.3 - Has the legal capacity to acquire and encumber real property;
2.4 Has passed satisfactory background/credit and employment/ business checks of the developer and Pag-IBIG Fund;
2.5 - Has no outstanding Pag-IBIG housing loan, either as a principal borrower or co-borrower;
2.6 - Had no Pag-IBIG housing loan that was foreclosed, cancelled, bought back, or subjected to dacion en pago;
2.7 - Has no outstanding Pag-IBIG multi-purpose loan in arrears at the time of loan application. A member whose multi-purpose loan is in arrears shall be required to pay his arrearages over the counter to update his account. 3. LOAN AMOUNT
A qualified Pag-IBIG member shall be allowed to borrow an amount up to a maximum of Two Million Pesos (P2,000,000.00), which shall be based on the lowest of the following: the member's actual need, his loan entitlement and the loan-to-collateral ratio.
3.1 - Loan Entitlement based on Pag-IBIG Contributions
A member's loan entitlement shall be proportionate to his Pag-IBIG contributions (inclusive of the employer counterpart contributions), which shall be based on the following schedule:
Pag-IBIG Membership Contributions Loan Amount
POP Pag-IBIG I & II
US $ 5 200 Up to P500,000
US $ equivalent at point of availment 250 Over P500,000 – P600,000
300 Over P600,000 – P700,000
350 Over P700,000 – P800,000
400 Over P800,000 – P900,000
450 Over P900,000 – P1,000,000
500 Over P1,000,000 – P1,100,000
550 Over P1,100,000 – P1,200,000
600 Over P1,200,000 – P1,300,000
650 Over P1,300,000 – P1,400,000
700 Over P1,400,000 – P1,500,000
750 Over P1,500,000 – P1,600,000
800 Over P1,600,000 – P1,700,000
850 Over P1,700,000 – P1,800,000
900 Over P1,800,000 – P1,900,000
950 Over P1,900,000 – P2,000,000
POP contributions made in foreign currency shall be converted to its peso equivalent on the date when payment was made, rounded off to the nearest dollar. POP members may also opt to pay the upgraded contributions in its local currency (peso) equivalent.
For loans up to Seven Hundred Fifty Thousand Pesos (P750,000.00) which shall either be secured by a First Real Estate Mortgage or a Contract to Sell on the property which is bought from a developer, and are covered by a buyback guaranty, the member's loan entitlement shall be based solely on his Pag-IBIG contributions.
3.2 - Loan Entitlement base on Capacity to Pay
A member's capacity to pay shall be evaluated in the following cases:
a) The loan amount applied for is less than or equal to Seven Hundred Fifty Thousand Pesos (P750,000.00), and the account is not covered by a buyback guaranty;
b) The loan amount applied for is over Seven Hundred Fifty Thousand Pesos (P750,000.00)
A member's loan entitlement shall be limited to an amount for which the monthly repayment on principal and interest shall not exceed forty percent (40%) of the member's or family's net disposable income, whichever is applicable; provided further that the member's net take home pay does not fall below the minimum requirement as prescribed by the GAA or company policy, whichever is applicable, after deducting the computed monthly repayment, other obligations and statutory deductions.
These conditions shall be supported by the following documents:
3.2.1 - For Pag-IBIG I and II Members
a) Latest Income Tax Return (ITR) for the year immediately preceding the date of loan application, with attached W2 form, stamped received by the BIR.
In view of Revenue Regulation 2-98, employees receiving purely compensation income may instead submit the BIR Form 2316 or the Certificate of Compensation Payment/Tax Withheld filed by their employers with the BIR.
The following, however, are not qualified for substituted filing and therefore still required to file BIR form 1700:
a.1. individuals with two (2) or more employers, whose taxes during the year did not result to tax withheld = tax due.
a.2. individuals whose income tax have not been withheld correctly.
a.3. individuals whose spouses fall under a.1 and a.2.
a.4. individuals deriving other non-business, non-professional-related income in addition to compensation income not otherwise subject to final tax.
b) Certificate of Employment and Compensation (CEC) or pay slip, where applicable.
c) Other documents that the Fund may prescribe
3.2.2 - For POP Members
a) Employment Contract (EC), which shall be supported by an English translation if written in a foreign language other than the English language;
b) Certificate of Income duly certified by the employer;
The gross family income shall pertain to the income of the member, his legitimate spouse and unmarried children, provided they are living with the borrower and are Pag-IBIG members eligible to avail of a Pag-IBIG housing loan.
The net disposable income shall be the gross family income less statutory deductions and monthly amortizations on outstanding obligations.
Family members, whose income is being considered in determining the borrower's net disposable family income, shall be classified as co-borrowers to the housing loan. This shall likewise be in accordance with the policy on tacked loans as provided for in Section 3.4 hereof.
In the event that the co-borrower signifies an intention to avail of a Pag-IBIG housing loan for himself/herself, the principal borrower's net disposable family income shall be re-evaluated to determine whether he/she is capable to take on the original housing loan independent of the co-borrower. Upon arriving at favorable findings, the co-borrower shall be released from the original obligation and shall be allowed to avail of his/her own Pag-IBIG housing loan, subject to the evaluation of his/her own net disposable income.
3.3 - Loan-to-Collateral Ratio
The ratio of the loan amount to the appraised value of the collateral shall not exceed the following rates:
Loan Amount With Buyback
Guaranty Without Buyback Guaranty/
Retail Account
Up to P300,000
100%
100%
Over P300,000 to P750,000
100%
90%
Over P750,000 to P1M
95%
85%
Over P1M to P2M
90%
75%
3.4 - A maximum of three (3) qualified Pag-IBIG members may be tacked into a single loan which is secured by the same collateral, provided they are related within the first civil degree of consanguinity or affinity.; 4. INTEREST RATE
4.1 - The Pag-IBIG Abot-Kamay Pabahay Program shall bear interest at the following rates per annum:
Loan Amount Interest rate
Up to P300,000
Over P300,000 to P500,000
Over P500,000 to P1,000,000
Over P1,000,000 to P2,000,000 6%
7%
10.5%
11.5%
Such interest rate shall accrue on the basis of 365-day actual days elapsed.
4.2 - Repricing
4.2.1 - For loans up to Three Hundred Thousand Pesos ( P300,000), Pag-IBIG Fund may reprice the interest rate once every five years provided that it shall not exceed the original rate.
4.2.2 - For loans over Three Hundred Thousand Pesos (P300,000.00) up to Two Million Pesos ( P2,000,000.00), Pag-IBIG Fund shall reprice the interest rate once every five years at rates based on prevailing market rates at point of repricing which shall not exceed the following:
Original Loan Amount Interest rate
Over P300,000 to P500,000
Over P500,000 to P1,000,000
Over P1,000,000 to P2,000,000 9%
12.5%
13.5%
5. LOAN TERM
5.1 - The housing loan shall be repaid at a maximum term of thirty (30) years, and shall in no case exceed the difference between the present age and age seventy (70) of the principal borrower.
5.2 The borrower shall be allowed to lengthen or shorten the loan term only once during the life of the loan.
5.3 Acquired assets disposed of through Pag-IBIG housing loans shall have a maximum loan term of thirty (30) years.
6.1 - The loan shall be paid in equal monthly amortizations in such amounts as may fully cover the principal and interest, as well as insurance premiums, over the loan period, and shall be made, whenever feasible, through salary deduction.
a. The borrower shall execute the Authority to Deduct the monthly loan amortization from his salary, and shall secure the conforme of his employer for the purpose.
b. Pag-IBIG Fund and the employer shall enter into a Collection Agreement stipulating, among others, that the deduction for the employee's Pag-IBIG housing loan shall have priority over other obligations of the same nature after all statutory deductions have been effected.
6.2 - The monthly amortizations may also be paid to Pag-IBIG Fund through any of the following modes:
a) over-the-counter
b) If the developer has a Collection Servicing Agreement (CSA) with Pag-IBIG Fund, payments shall be remitted to the developer.
c) issuance of postdated checks initially to cover the first twelve (12) monthly amortizations. Developers with Collection Servicing Agreement (CSA) with Pag-IBIG Fund shall have custody of the PDCs. Meanwhile, PDCs for accounts of developers not covered by CSAs shall be kept in the Fund's possession.
d) auto debit arrangement with banks
e) any other collection system which the Fund may implement in the future
6.2.2 Accounts not covered by buyback guaranty
a) issuance of postdated checks, initially to cover the first twelve (12) monthly amortizations
b) auto debit arrangement with banks
c) any other collection system which the Fund may implement in the future
6.3 - The first monthly amortization shall be deducted from the loan takeout proceeds. This requirement, however, shall be mandatory only for accounts that are not covered by buyback guaranty. Developers that provide buyback guaranty to its accounts may opt not to have the first monthly amortization deducted from the takeout proceeds. For purposes of recording, the basis of the PFR date (initial payment) for the payment shall be the takeout date.
Succeeding monthly payments of accounts that are subject to the deduction of first monthly amortization shall commence on the second month immediately following loan takeout/final loan release. On the other hand, succeeding monthly payments of accounts not falling on the above category shall commence on the month immediately following loan takeout/final loan release. The monthly payments shall be paid on the date that coincides with the date of loan takeout/final loan release, e.g., on the 17th
6.4 - The borrower who fails to pay the full monthly amortization and/or other loan obligations when due shall pay a penalty of 1/20 of 1% of the amount due for every day of delay.
Similarly, accounts taken out under earlier Pag-IBIG Fund housing programs shall be charged with penalties against any unpaid amount should the borrower fail to pay the full amortization and/or other loan obligations when due. The charging of penalties shall be governed by the guidelines prevailing at the time of loan takeout.
6.4.1 - For accounts released from September 10, 1988 up to November 22, 1994 (taken out under Circular Nos. 55,62,65,90, 90-A, 106, 119, and 122), the penalty rate shall be 1/10 of 1% of the amount due for every day of delay
6.4.2 - For accounts released from November 23, 1994 up to November 8, 2001 (taken out under Circular Nos. 127, 127-A, 148, 148-A, 171 and 178), the penalty rate shall be 1/20 of 1% of the amount due for every day of delay
6.5 - The upgraded membership contributions, net of the mandatory contributions (except in the case of individual payors / self-employed / POP who shall be shouldering both the EE and ER share), corresponding to the borrower's approved loan shall be paid together with the borrower's monthly amortization and shall be considered as contributions for the applicable month.
6.6 - A borrower's monthly payments shall thus be applied according to the following order of priority:
a) penalties
b) upgraded membership contributions
c) insurance premiums
d) interest, and
e) principal 7. COLLATERAL
The loan shall be secured by collateral consisting of the same residential properties to which the loan proceeds are applied.
7.1 - For loans that are covered by buyback guaranty and are secured by properties which are bought from developers, the security shall consist of a First Real Estate Mortgage or a Contract to Sell (CTS) on the subject properties, fully covering the payment of the obligation, as stipulated in the corresponding loan agreement and promissory note of the borrower (for REM), or the Deed of Assignment (for CTS)
7.2 - For loans which are not covered by buyback guaranty and are secured by properties which are bought from developers, the security shall consist of a Contract-to-Sell on the aforesaid properties, fully covering the payment of the obligation, which shall likewise be stipulated in the Deed of Assignment.
The loan however, may be secured by a First REM instead of a CTS, and exempted from the buyback provision, provided any of the following conditions are complied with:
The borrower pays the advance amortizations for twenty-four (24) months;
The loan-to-collateral ratio does not exceed 70%.
7.3 - For loans which do not belong to the category of developers' accounts, the security shall consist of a First Real Estate Mortgage on the subject properties fully covering the payment of the obligation as stipulated in the corresponding loan agreement and promissory note of the borrower.
7.4 - The property must be covered by an Original Certificate of Title (OCT), Transfer Certificate of Title (TCT) or Condominium Certificate of Title (CCT) issued by the Register of Deeds, free from all liens and encumbrances; and must be registered in the name of:
7.4.1 - Any one or more of the borrowers, (except in the case of accommodation mortgages), in the case of a real estate mortgage (REM)
7.4.2 - The developer or the land owner, if the developer has a Special Power of Attorney under a joint venture agreement, in the case of a Contract to Sell (CTS), provided that the Deed of Assignment of the CTS and the property is annotated in the title in favor of Pag-IBIG Fund
7.5 - Accommodation mortgages shall be allowed only for borrowers who are related up to the first civil degree of consanguinity or affinity, subject to the following requirements:
7.5.1 - The owner shall constitute the first mortgage as accommodation mortgagor, to secure the borrower's loan obligation or give the latter the special power to do so; and
7.5.2 - The borrower shall undertake and sign as co-mortgagor, to fully cover the residential unit and improvements thereon
7.6 - The real estate taxes on the property must be updated as of the quarter immediately preceding the date of loan application, and yearly thereafter during the term of the loan.
7.7 - For developer accounts, the properties subject of the loans shall be appraised by Pag-IBIG Fund in two stages:
7.7.1 - A preliminary appraisal (PA) which may be undertaken prior to actual development and house construction upon the request of the developer, and payment of the corresponding appraisal fees; and
7.7.2 - A collateral inspection/validation to be undertaken upon completion of the house construction and land development servicing the houses constructed, for which a Collateral Appraisal Report (CAR) shall be issued.
The housing unit and the facilities fronting the unit for takeout must be 100% complete, and an occupancy permit presented by the borrower at the time of loan takeout, if the purpose of the loan is to purchase a residential unit (PRU)
Appraisal of developer accounts conducted by the Home Guaranty Corporation (HGC) shall be validated by the Fund
7.8 - For other accounts, the property subject of the loan shall likewise be appraised by Pag-IBIG Fund
8. PARI-PASSU
A Pari-Passu arrangement with any institution acceptable to Pag-IBIG Fund, such as but not limited to provident funds, shall be allowed wherein said institution can extend its own loan (not for Pag-IBIG Fund takeout), in addition to the Pag-IBIG member housing loan, secured by the same collateral, on a pro-rata sharing of the mortgage lien, subject to the following conditions:
8.1 - Pag-IBIG Fund shall have physical possession of the mortgages, regardless of the loan amount extended by the other institution
8.2 - In computing the credit capacity of the borrower, the income already considered in determining the Pag-IBIG housing loan entitlement of the borrower shall be excluded.
8.3 - In case of default, the following shall apply:
d) Cross-default - Default in the monthly payments for either amortization shall constitute default in both.
e) Foreclosure - When foreclosure becomes necessary or advisable, proceedings may be initiated either by the Fund or the originating institution upon mutual agreement by both parties.
f) Proceeds - Foreclosure proceeds shall be divided according to the ratio of loan exposure of the Fund and the originating institution after deducting all the legal and incidental expenses.
9. INSURANCE
The borrower shall be compulsorily covered by mortgage/sales redemption insurance and fire insurance:
9.1 Mortgage/Sales Redemption Insurance (MRI/SRI) - A borrower who is not beyond sixty-five (65) years old and six (6) months at the time of housing loan application shall be covered by the MRI/SRI, provided that he/she shall not be over seventy (70) years old on his birthday nearest the date the original housing loan expires. The MRI/ SRI coverage of the borrower shall be subject to the schedule of insurance in the Pag-IBIG Fund Master Policy.
In the case of borrowers who are tacked into a single loan, only the principal borrower shall be covered by the MRI/SRI to the full extent of the loan. Thus, the entire loan shall be extinguished by the MRI/SRI, should the principal borrower die. On the other hand, the principal borrower shall continue to amortize the entire loan, should one or both of his co-borrowers die.
9.1.1 - Interim Coverage
The interim MRI/SRI coverage on the principal borrower under the automatic coverage system shall take effect on the date of the issuance of the Notice of Approval (NOA) or Letter of Guaranty (LOG) by Pag-IBIG Fund.
9.1.2 Regular Coverage
a) The regular coverage shall be a non-medical yearly renewable term insurance (YRT) for which Pag-IBIG housing loan borrowers shall pay a uniform premium rate effective on the date of loan-takeout.
b) The amount of coverage shall be the original amount of the loan.
9.2 - Fire and Allied Perils Insurance - The borrower shall obtain fire and other allied perils insurance on the property mortgaged or subject of the Contract to Sell for an amount equivalent to the appraised value of the residential unit or the loan amount, whichever is lower.
9.3 - Premium Payments - The annual premium for the first year of coverage shall be prepaid and shall be deducted from the loan proceeds upon loan takeout. Premiums due for the second year, and every year thereafter that the insurance coverage is in force shall be prepaid on a monthly basis and shall be collected together with the monthly loan amortization.
9.4 All housing loan applicants registered under the Pag-IBIG Overseas Program and working overseas shall be charged an additional two pesos per thousand of coverage per year (P2.00/P1,000/annum).
9.5 No Evidence Limit (NEL) - The NEL shall be P2,000,000. As such, all borrowers up to 60 years old with loans of up to P2,000,000 shall no longer be subjected to underwriting approval.
9.6 Borrowers over 60 years old shall be required to submit a Health Statement Form (filled out by the applicant in his own handwriting, duly signed and dated, and witnessed by two persons) for underwriting approval.
9.7 FME for POP members over sixty (60) years old - The full medical examination (FME) report may be dispensed with for loan applicants under the Pag-IBIG Overseas Program who are over 60 years old. In its place, the Health Statement Form shall be submitted, filled out by the applicant in his own handwriting, duly signed and dated, and witnessed by two persons. The applicant shall also be required to submit a copy of the result of his medical examination conducted prior to his assignment overseas as required by his employment agency.
Should the applicant's health be found "sub-standard", the corresponding sub-standard rating shall be applied, and the applicant shall also be charged the additional extra premium.
10. PREPAYMENT
10.1 - A borrower shall be allowed to prepay his loan in full or in part without prepayment penalty, pursuant to Republic Act 7394.
10.2 - Accelerated payments - any amount paid in excess of the required monthly amortization shall be applied automatically to principal, unless otherwise expressly requested by the borrower.
The treatment of excess payment the borrower prefers must be noted on/properly disclosed in the Pag-IBIG Fund Receipt (PFR).
11. DEFAULT
11.1 The borrower shall be considered in default when he or any of his co-borrowers fails to pay any three (3) consecutive monthly amortizations and/or monthly membership contributions and other obligations on the loan.
11.2 - At point of default, the outstanding loan, together with accrued interest, penalties, fees and other charges, shall become immediately due and demandable. The said amount shall likewise be subject to the following:
11.2.1 - A penalty equivalent to 1/20 of 1% of the total amount due (comprised of the principal, accrued interests, insurance premiums, and penalties already incurred on unpaid amortizations) for every day of delay.
11.2.2 - It shall continue to bear interest at the stipulated rate from the time the outstanding loan become due and demandable.
11.3 Pag-IBIG Fund may adopt the following remedies:
a. Cancellation of the CTS;
b. Call against the warranty of the developer to buy back the defaulting account
11.3.2 - For Loans Secured By Real Estate Mortgage (REM)
a. The account shall be endorsed for foreclosure
b. Default shall also constitute a lien on the Total Accumulated Value (TAV) of the member's savings with Pag-IBIG Fund. 12. LOAN CHARGES
The borrower shall pay a Processing Fee of Three Thousand Pesos (P3,000.00), which shall be paid as follows:
a. One Thousand Pesos (P1,000.00) upon filing of the loan application, which shall be non-refundable if the loan is disapproved;
b. Two Thousand Pesos (P2,000.00) upon loan takeout.
13. SECOND AVAILMENT
A Pag-IBIG member may avail himself of a second Pag-IBIG housing loan provided he has fully paid his first housing loan, whether as a principal borrower or as a co-borrower. 14. ADDITIONAL LOANS
A qualified Pag-IBIG member who has an existing housing loan may avail himself of an additional housing loan for the following purposes
a. house construction or improvement of a house constructed on a lot purchased through a Pag-IBIG housing loan; or
b. home improvement.
The additional loan shall be treated as separate and distinct from the original loan, and the interest rate of which shall be in accordance with the rates provided for in these guidelines. Hence, the original loan shall still be subject to the interest rates prevailing at the time it was taken out.
15. EFFECTS OF MEMBERSHIP TERMINATION ON AN OUTSTANDING HOUSING LOAN
15.1. Application of Member's TAV
A member whose housing loan is taken out under this Circular shall not be allowed to withdraw his TAV if he has an outstanding housing loan with Pag-IBIG Fund as of the date of membership/savings withdrawal, he shall be given the following options:
15.1.1. - Pay off the outstanding housing loan balance and withdraw his accumulated savings;
15.1.2. - Continue amortizing the loan until it is fully paid, provided that the account is updated. The member can withdraw his accumulated
15.1.3. - Apply the accumulated savings to the outstanding loan balance.
Meanwhile, withdrawal of TAV for a member whose account was taken out under earlier Pag-IBIG Fund housing programs shall be governed by the guidelines prevailing at the time of loan takeout.
15.1.4 - For Accounts released from 1 March 1999 up to 8 November 2001 (taken out under Pag-IBIG Fund Circular Nos. 171 and 178)
In case of membership termination due to membership maturity, permanent departure from the country, retirement, total disability or insanity, Pag-IBIG Fund shall effect automatic application of the member's TAV to the outstanding housing loan balance, regardless if the account is updated or in arrears.
15.1.5 - For Accounts released from 9 November 2001 (taken out under Pag-IBIG Fund Circular Nos. 189, 189-A, and 189-B)Upon membership termination on the grounds of membership maturity, permanent departure from the country, retirement, total disability or insanity, Pag-IBIG Fund shall automatically apply the member's total accumulated savings to his outstanding housing loan, only if the account is in arrears.
In all cases, should there be any unpaid loan balance after the member's total savings have been offset against the loan, Pag-IBIG Fund shall require the borrower to pay the balance either in full, or under a revised amortization scheme, for a period not longer than the remaining term of the loan. Should the borrower opt for the latter, he shall be required to pay his monthly membership contributions until the loan obligation is fully settled, in accordance with the terms and conditions of the loan agreement.
15.2. - Application of Insurance Proceeds
In the event of death, Pag-IBIG Fund shall apply the proceeds of the member's mortgage/sales redemption insurance (MR/SRI) to his outstanding housing loan balance, and the excess, if any, shall be paid to the member's designated beneficiaries.
In case the insurance proceeds shall not be sufficient to fully pay the member's housing loan balance, the Fund shall offset the remaining amount against the member's TAV. Should the member's TAV still not suffice, the Fund shall require the member's heirs/beneficiaries to settle any remaining balance in full or under a revised amortization scheme for a period not longer than the remaining term of the loan.
ATTY. ROMERO F. S. QUIMBO
President and Chief Executive Officer
Official Information from PAG-IBIG Official Website
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