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Palace: ‘Northrail met standards for abolition, not producing desired outcomes’
Malacañang announced on Saturday that President Ferdinand Marcos Jr. has ordered the abolition of the North Luzon Railways Corp. as it is no longer cost-efficient and producing desired outcomes. The Memorandum Order 17 was signed by Executive Secretary Lucas Bersamin—by the authority of President Marcos—on 19 October. The Governance Commission for GOCCs determined that Northrail has met the standards for abolition for not producing the desired outcomes; no longer achieving the objectives and purposes for which it was designed and created; not being cost-efficient; and not generating the level of social, and physical, and economic returns vis-a-vis the resource inputs. In ordering the abolition, Marcos tasked the Bases Conversion and Development Authority board of directors to act as the administrator and liquidator of Northrail. The BCDA should settle the Northrail liabilities, including the payment of separation incentive pay to affective officials and personnel as well as undertake the necessary steps in liquidating Northrail’s assets and assist in the winding up of its corporate affairs. The BCDA directors shall also conduct an inventory of all of Northrail's existing programs and projects and either terminate or transfer them to concerned government agencies. The inventory also includes the list of Northrail's assets and liabilities and how to dispose of or settle them. The BCDA is also tasked to formulate a Change Management Plan for affected stakeholders of Northrail. It shall likewise conduct an inventory of all pending cases brought by and against Northrail and formulate the appropriate actions to resolve the cases. The original copies of Northrail’s corporate books and account and financial records will be surrendered to the Commission on Audit by the BCDA board of directors. Palace said the Office of the Government Corporate Counsel shall provide the necessary legal assistance to the BCDA in this endeavor. The GCG shall monitor the implementation of the abolition of the Northrail. The Department of Transportation, as the supervising agency of the Northrail, shall continue to oversee the programs and activities relative to liquidation and winding-up of the affairs by the Northrail. Malacañang imposed the separation incentive pay to all effective personnel and officials of Northrail. Those who have rendered 20 years of service may avail of the following separation benefits of 1.00 x Monthly Basic Salary x No. of years. 20 years and 1 day to 30 years: 1.25 x MBS x No. of years 30 years and 1 day and above: 1.50 x MBS x No. of years The separation pay shall be charged against the available corporate funds of Northrail, subject to existing budgeting, accounting, and auditing policies. The Northrail was registered with the Securities and Exchange Commission on 31 July 1995. It was then created as a wholly owned subsidiary of the BCDA to develop, construct, operate, and manage a railroad system to serve Metro Manila, Central Luzon, and Northern Luzon. In 2015, the National Economic and Development Authority Board approved the North-South Commuter Railway Project, which was financed through official development assistance from Japan, effectively rendering the Northrail project terminated. The GCG ordered the “deactivation” of the Northrail, through Memorandum Order No. 2019-05 on 20 May 2019. The post Palace: ‘Northrail met standards for abolition, not producing desired outcomes’ appeared first on Daily Tribune......»»
UPD Dept of BroadComm calls for MTRCB Chief Lala Sotto to resign
The Department of Broadcast Communication of the University of the Philippines Diliman has condemned the actions of the Movie, Television, Review and Classification Board in light of its suspension of the noontime program "It's Showtime". In a strongly worded statement, the department said it wasn't about any particular show, but the questioning of MTRCB's relevance in present society as a whole. Part of the statement reads: "We...are appalled by the consistent failure of the MTRCB to be responsive to the times, as reflected by its unnecessary interventions ...its pointlessness in today's media environment. ...a clear demonstration of the point about the agency's lack of wisdom and discernment.The measure is regressive and only illustrates the board's proclivity for censorship and high-handedness. We append our collective voices...for its [MTRCB's] abolition, or if at all, transformation into an information and media literacy agency, that advances critical, intelligent, liberating, and sensible media production and audienceship, much needed in this milieu of orchestrated ignorance and disinformation. We also call for the resignation of MTCB Chair Diorella Maria "Lala" Sotto, whose pronouncements on national TV evidently compromised her position and objectivity as a public official." The post UPD Dept of BroadComm calls for MTRCB Chief Lala Sotto to resign appeared first on Daily Tribune......»»
MTRCB warned of abolition over Netflix plan
Invoking Congress’ power of the purse, leaders of the House of Representatives have declared bold pronouncements against the Movie and Television Review and Classification Board for planning to regulate video streaming platforms like Netflix......»»
NBA: Warriors win against Magic despite Green ejection
The Golden State Warriors, fueled by 23 points from Andrew Wiggins and two late baskets by Stephen Curry, beat the Magic 101-93 in Orlando, despite the ejection of Draymond Green just 3 minutes 36 seconds into the contest. Curry was left shaking his head when Green was tossed, receiving two quick technical fouls for heatedly.....»»
Baltimore bridge accident: Freighter pilot called for tugboat help before plowing into bridge
BALTIMORE — The pilot of the cargo freighter had radioed for tugboat help and reported a power loss minutes before the Baltimore bridge accident, federal safety officials said on Wednesday, citing audio from the ship’s “black box” data recorder. The head of the National Transportation Safety Board also said that Francis Scott Key Bridge, a.....»»
CV wage board sets public hearing for kasambahay pay
CV wage board sets public hearing for kasambahay pay.....»»
Infrastructure projects get better loan terms from Japan
The Philippines has secured better financing terms for two big-ticket infrastructure projects funded by the Japanese government aimed at improving public transport and road connectivity......»»
Capitol mulls putting ‘integrated south bus’ terminal in Talisay instead of at SRP
CEBU CITY, Philippines — Instead of at the South Road Properties (SRP), the new location of a new south bus terminal in Cebu might be in Talisay City. Cebu Gov. Gwendolyn Garcia on Wednesday, Mar. 27, said that they had received an unsolicited proposal of developing a brand new, south bus terminal. READ: Mayor Rama.....»»
Mandaue drug bust: P476,000 ‘shabu’ seized from HVI
CEBU CITY, Philippines — Authorities seized suspected shabu worth at least P476,000 from a 45-year-old man described as a high-value individual during an anti-illegal drugs operation in Mandaue City early on Wednesday morning, March 27, 2024. The operation took place along Realty Road in the North Reclamation Area in Barangay Subangdaku, Mandaue City, Cebu. The.....»»
Arayat-Magalang bypass road 80 % complete: DPWH
Arayat-Magalang bypass road 80 % complete: DPWH.....»»
US lawmakers stand with Philippines vs Chinese sea aggression
Visiting US lawmakers expressed their concern over China’s continued aggression in Philippine waters during their meeting with President Marcos at Malacañang yesterday......»»
DPWH continues construction of Sta. Margarita Diversion road
Samar First DEO now continues the construction of Sta. Margarita Diversion road under the General Appropriations Act (GAA) for FY 2023......»»
Alternergy reallocates IPO proceeds to Tanay and Alabat projects
Alternergy, the renewable energy generation company founded by Vince Pérez (former DoE Secretary), announced that its board of directors reallocated P65 million of the IPO proceeds that were originally scheduled for the Solana Solar Project, Ibulao Mini Hydro Project, Cavite Offshore Wind Project, Tablas Strait Offshore Wind Project, and the operationalization of Green Energy Supply Solutions Inc......»»
Davao City Council moves hearing on traffic-causing road construction works
DAVAO CITY (MindaNews – 26 March) – The Davao City Council rescheduled to Tuesday, April 2, the second hearing on the suspended road construction works in the locality after key officials from the Department of Public Works and Highways (DPWH) – Davao region failed to show up Friday. The DPWH-Davao key officials are reportedly in […].....»»
Solon bats for expansion of motorcycle taxis outside Metro Manila
A House lawmaker has voiced his support for expanding the government's allotment of motorcycle taxis outside Metro Manila as the Land Transportation Franchising Regulatory Board is set to greenlight the participation of more players in its pilot study......»»
MMDA allows road works during Holy Week
Road diggings will take place along major thoroughfares in Metro Manila this Holy Week when most motorists are vacationing in the provinces, the Metropolitan Manila Development Authority announced yesterday......»»
Stop motorcycle taxi expansion, Marcos urged
Various transport groups yesterday appealed to President Marcos to stop the expansion of motorcycle taxis in Metro Manila amid the impending decision of the Land Transportation Franchising and Regulatory Board o authorize several companies as players in the pilot study......»»
Authorities verifying 13 dead in North Cotabato road mishap
Authorities are still verifying the 13 fatalities in a vehicular accident involving a passenger van that collided with a dump truck along the National Highway in Barangay Luhong, Antipas, around 12:15 p.m. in North Cotabato on March 25, 2024......»»
DPWH-Davao: Coastal Road lights inactive due to stolen wires
THE Department of Public Works and Highways-Davao Region (DPWH-Davao) confirmed that a portion of lights along the Davao City Coastal Road are inactive due to wire theft......»»
Illegal road works?: Alarm raised over road development within watershed areas in Barangay Carmen
A DAVAO City Councilor has raised concerns regarding road construction within the watershed areas of Barangay Carmen, Baguio District......»»