PDIC to bid out 118 ATM units on December 3

The Philippine Deposit Insurance Corporation (PDIC) is set to sell via public bidding on December 3, 2013 a total of 118 units of Automated Teller Machines (ATMs) with an aggregate minimum disposal value of P20.9 million. The public bidding will be held at the PDIC Training Room, 9^th Floor, SSS Building, Ayala Avenue corner V.A. Rufino St., Makati City. Opening of bids will start at 2:00 p.m.

The ATM units are properties of closed banks and will be sold on an “as is, where is” basis. Under the “as-is, where-is” basis bidding, prospective buyers are enjoined to physically inspect the ATMs, and examine and verify their condition, before submitting their bids.

The PDIC will receive sealed bids only from direct buyers at the bidding venue on December 3, 2013 from 9:00 a.m. to 2:00 p.m. No extension will be given for the submission of bids. Bidders are advised to come at least one hour prior to the opening of bids to register and submit the requirements.

All bids must be accompanied by a bond or deposit equivalent to at least 10% of the submitted bid in the form of Cash or Manager’s or Cashier’s Check issued by a universal or commercial bank. The winning bidder is required to pay the balance of the bid price not later than December 12, 2013.

Bid forms, copies of the Conditions of Bid and standard formats of the Special Power of Attorney and Secretary’s Certificate may be downloaded from the PDIC website, www.pdic.gov.ph. For further information, interested bidders may contact Mr. Ferdinand M. Beluan or Ms. Lolita M. Lim ((Asset Management and Disposal Department II) at telephone numbers, (02) 841-4668, (02) 841-4770, (02) 841-4772 and (02) 841-4777.

The regular conduct of public biddings of closed banks’ assets is in line with the PDIC’s strategic direction of expeditious disposal of non-financial assets as outlined in PDIC’s medium-term Roadmap to 2016. This is also in support of PDIC’s mandate as Liquidator of closed banks. The PDIC converts the closed banks’ assets into cash either through public biddings or negotiated sale to maximize recovery and facilitate distribution of assets to benefit the closed banks’ uninsured depositors and creditors.

Comments

Empanada festival: A celebration of good taste and good life

By Dominic B. dela Cruz & Leilanie G. Adriano Staff reporters BATAC CITY—If there is one thing Batac is truly proud of, it would be its famous empanada-making business that has nurtured its people over the years. Embracing a century-old culture and culinary tradition, Batac’s empanada claims to be the best and tastiest in the country with its distinctive Ilokano taste courtesy of its local ingredients: fresh grated papaya, mongo, chopped longganisa, and egg. The crispy orange wrapper and is made of rice flour that is deep-fried. The celebration of this city’s famous traditional fast food attracting locals and tourists elsewhere comes with the City Charter Day of Batac every 23 rd of June. Every year, the City Government of Batac led by Mayor Jeffrey Jubal Nalupta commemorate the city’s charter day celebration to further promote its famous One-Town, One Product, the Batac empanada. Empanada City The Batac empanada festival has already become an annua

PGIN honors Ilocano heroes of past, present through Heroes Walk

SPO1 Allan Lampitoc Franco of Banna, Ilocos Norte and PO2 Jovalyn D. Lozano of Adams, Ilocos Norte receive a resolution of commendation, a certificate of college scholarship grant to their family members and a P20,000 cash incentive each from the Provincial Government of Ilocos Norte represented by Governor Imee R. Marcos and Vice Governor Angelo M. Barba in recognition of their bravery and heroic acts in the Mamasapano clash in Maguindanao on January 25. Mr. Franco and Mr. Lozano were recognized on March 10 in time for the unveiling of the second batch of Ilocano heroes at the Heroes Walk located along the Sirib Mile in Laoag City. (Lei Adriano) By Jennifer T. Pambid PGIN-CMO In honor of the heroes who brought freedom, fame and glory to the province as well as to the country in the past century, the Provincial Government of Ilocos Norte (PGIN) through the Education Department and Sirib Youth Office launched the second batch of Ilocano Heroes Walk on March 10, 2015.

Pagudpud’s tourism transformer passes away

By Leilanie G. Adriano Staff reporter LAOAG CITY—Retired Philippine Air Force Col. Ricardo Nolasco Jr., owner of Hannah’s Beach Resort and Convention Center in Pagudpud, Ilocos Norte passed away on Wednesday evening, July 11, 2018. He was 67. “He did not survive an open-heart surgery,” said Ronald Dominguez, spokesperson of the largest resort at Brgy. Balaoi in Pagudpud. Known as the architect behind the transformation of Pagudpud town as a premiere destination of the north, Mr. Nolasco put up Hannah’s Beach Resort in what was originally meant as a family vacation resort. The rest is history when it expanded into more than 300-room executive villas and cabanas, with on-going infrastructure developments and set up various amenities. As a result, hundreds of domestic and foreign tourists visit here daily. The resort is on a cliff by the beach, which provides a spectacular view of the sparkling blue lagoon. “Yesterday will go down my lifeline as one

The Ilocos Times

Search This Blog