Archive for raul caballero

NEWS: Court stops P90 M bond flotation of Compostela Valley LGU

Posted in nabunturan with tags , , , , , , , , , , , on November 28, 2009 by cha monforte
nov 13

The Regional Trial Court Branch 3 has issued an injunction stopping the implementation of the P90-million bond flotation of the local government of Nabunturan, Compostela Valley.
RTC Branch 3 Executive Judge Hilarion Clapis Jr in his decision, released Wednesday, in the Special Civil Case No. 898  praying for injunction with application for writ of preliminary injunction stated that his sala finds that the three complainants, who are town residents, “have sufficiently established the existence of grave damage and irreparable injury to justify, albeit provisionally the restraint of the act or acts complained of in this the bond flotation scheme.”
Temporarily enjoined not to make any act relating to bond flotation pending the decision of the case on the merits are Mayor Macario Humol, Vice Mayor Romeo Clarin and town councilors Darwin Tan, Eduardo Minosa, Vivencia Secuya, Cheryl Trinidad, Iluminida Cabuga, Felipe Masambo and Sangguniang Kabataan representative Jennifer Gamao.
The officials have been wanting to raise P90 million by selling government bonds to the public to fund for the construction of a “mall-like” public market building to replace the old market building razed by a fire four years ago.
Complainants were Charlie Monforte, a journalist, Emilio delos Reyes, a president of a  parent-teachers association and opposing Councilor Alfonso Tabas Jr.
They charged in their complaint that the bond flotation enacted by Municipal Ordinance No. 2008-10 “is clearly oppressive and grossly disadvantageous which if not repealed will result to great wastage of taxpayers’ money, dissipate the coffers of the Local Government Unit and importantly displace hundreds of market vendors from the said facility resulting to loss of income. loss of jobs and grievous economic injuries to ordinary citizens of Nabunturan”.

The respondents filed a motion to dismiss last February citing lack of jurisdiction and lack of cause of action, but complainants filed opposition to it following hearings where regional officials and experts from Dept of Finance and Dept. of Budget and Management and Local Finance Committee officials were summoned to testify as resource persons.
Monforte and Delos Reyes were also complainants of a separate graft complaint filed at the Office of the Ombudsman for Mindanao last August.
In that complaint, the two charged that the same respondents have allegedly failed to conduct public bidding in the hiring of the bond flotation’s financial adviser-consultant Preferred Ventures Corporation, a Makati-based firm.
They claimed that even without the “legislative enactment, ordinance or resolution to hire a financial consultant and advisor for the municipality’s infrastructure project, Mayor Humol proceeded to enter into Memorandum of Agreement with Preferred Ventures” and “(it) became an automatic financial consultant/advisor without passing through the bidding procedure as required by law”.
For opposing the bond flotation, Councilors Raul Caballero, Editha Arangcon and Tabas were spared from the complaint.  (Al Rosero/Rural Urban News)


NEWS: People’s initiative petition filed vs. LGU P90 M bond flotation in Compostela Valley town

Posted in councilor raul caballero, mayor humol with tags , , , , , , on September 25, 2008 by cha monforte

NABUNTURAN, Compostela Valley- The people’s initiative petition seeking to repeal the controversial ordinance approving the P90-million bond flotation project of the municipal government of this town was finally filed to the local sanggunian Wednesday.

The bond flotation seeks to fund for the construction of a new public market building.

The Nabunturan initiative petition runs as the first test case in the exercise of people’s initiative in Mindanao as provided by the Constitution while only a couple of cases have been reportedly made in Luzon.

The petitioners led by Councilor Raul Caballero were composed of the authorized representatives of the petition, youth leaders, and representatives of public market vendors, who have since been apprehensive of being dislocated once the project is materialized.

Antonio M.I. Mencidor, one of the authorized representatives of the petitioners, said that their petition is not meant to obstruct development but stop the extravagant, exorbitant and expensive bond flotation project.

He added that the municipal bond float was rejected even by the town’s Local Finance Committee for its “uncertain terms”.

The petition seeks to repeal Municipal Ordinance No. 2008-10 which approved the P90-million bond flotation pushed by Mayor Macario Humol, Vice Mayor Romeo Clarin and eight of the eleven town councilors.

Also opposing the project are Councilors Alfonso Tabas Jr and Editha Arangcon.

Lead counsel of the initiative petitioners is Atty. Dexter Lopoz.

Petitioners stated that under Sections 120, 121 and 122 of the Local Government Code of 1991, local Initiative is resorted to or initiated by a minimum of 100 registered voters of the municipality directly in order “to repeal a clearly oppressive and grossly disadvantageous local ordinance which if not repealed will result to great wastage to taxpayers’ money, dissipate the coffers of the local government unit and more importantly, displace hundreds of market vendors from the said facility resulting to loss of income, loss of jobs and grievous economic injuries to the ordinary citizens of Nabunturan”.

They charged that “the nature of bond flotation with its floating rates of interest plus the numerous underwriting, trusteeship, guarantee and consultancy fees (all of which are recurring expenses save for the one-time consultancy fee of P2,700,000.00), the actual cost of bond flotation and its ensuing operations cost cannot be fully ascertained”.

They stated that compared to bond flotation, a loan from a Government Financial Institution (GFI) has the “cost of borrowing properly stated and easily provided in the budget” aside from the fact that “easier terms can be negotiated with the depository bank”.

They charged that as found out by the LFC during the two (2) years while the public market is under construction, the LGU of Nabunturan will already spend P39,600,000 on interest payments alone as compared to only a projected total interest payments for GFI borrowing at P30,933,750 for the same period of time.

For among these, the petitioners charged the “whopping P9,000,000 difference in interest payments making the bond flotation project prove to be grossly disadvantageous to the government”. (Cha Monforte/Rural Urban News)

Ganging up filibustering councilors

Posted in editha arangcon, jun tabas, mayor humol, raul caballero, romeo clarin with tags , , , , on August 16, 2008 by cha monforte


By Cha Monforte

The outrageous P90-million bond flotation in Nabunturan is starting to come into gears even if the town public has still largely no idea what a bond float is. On Tuesday the stamp pad majority councilors ganged up one of their own who refuses to buy the bond float project. Councilor Alfonso “Jun” Tabas Jr was trying to filibuster two new items relating the bond flotation pushed by Mayor Macario Humol. But tyranny in numbers of the majority councilors sealed the continuing anti-bond float protestations of the minority bloc which included also Councilors Raul Caballero and Editha Arangcon.

The P40 million borrowing, so unspecified, was the major item of the P42 million subjected to the second supplemental budget ordinance which was approved by the majority on that day. I guess the ordinance was right away signed by the mayor. But the same in our previous essays, they could not party yet. The ordinance which still needs to be confirmed by the provincial board will surely pass the scrutiny of the anti-bond float Boardmembers the known Three Mosquiteers or LBC- Dexter Lopoz, Neri Barte and Armando Codilla, and the latest entrant BM Dr. Ruben Flores, the ex-mayor who sensed three weeks ago during the Comval SP voting that the bond float is bad for the health of the town he once served for one term.

Now what is this P40 million borrowing that the mayor had certified as urgent and was approved in a rush by his stamp pad majority and Vice Mayor Romeo Clarin who ganged up and cut short a filibustering Tabas last Tuesday?

Because the P40 million has no specific source like the Land Bank of the Philippines and because a bond float-related resolution was also passed on that gloomy day which lifted the confidentiality of the LBP accounts of the municipal government for the Central Bank and Department of Finance to pry on it, my best guess is the P40 million borrowing is a standby credit that the munisipyo will borrow from the waiting cabal of sharks- so to speak- composed of the financial advisor, the Preferred Ventures Corp, the unknown underwriters, the unknown brokers (ahentes) and the unknown guarantors. Humol and Clarin et al are not shifting to bank borrowing from a bond float funding alternative as they are already drenched in the rain..

There we see that from the budget nomenclature alone, the bond flotation is a borrowing after all, plain and simple, contrary what the bond float pushers have been saying all along to Nabunturan public that it is not borrowing but fund sourcing from bond buyers and investors. These are the first-level buyers, whom I can see to be non-takers considering the economic crunch and the lack of understanding of the general public on what a bond float is in the first place.

We see it now this early that Humol and Clarin et al have already prepared the ground to borrow from the conspiring cabal, even as they have not floated the bonds yet for the first-level non-takers. This conspiring cabal is the second-level bond buyers or investors who would underwrite or buy the bonds in bulk after the first-level individual buyer fail as expected in a short month’s time.

As the conspiring cabal will expectedly be saving the faces of the bond float pushers for the zero or lack of individual bond buyers or investors, like what had happened even to the bond float for the internationally famed Boracay Island, expectedly, too, the cabal will be bringing the cards close on their chests, and these are the high interest rates (P19.8 million for the first and second repayment years alone).and the hidden charges and fees of the borrowing-underwriting besides that they could also cash in on from the expensive, exorbitant and unnecessary P2.7 million consultancy fees, yearly recurring underwriter, guarantee and trustee fees of P2.8 million, while a contractor could benefit of the P6.7 million for the architectural and engineering design (or sa drawing pa lang). I fear the P40 million just approved is intended for these, as the LGU’s debt service and borrowing capacity will first be probed by the Central Bank and the Dept. of Finance.

This is getting untolerable already. First they engaged in an ambitious project without conducting intensive information dissemination, then they chose the Preferred Ventures Corp as the financial advisor-consultant without the benefit of a bidding, next they the made a lutong macao public hearing, next they railroaded the public hearing opposition by enacting the bond float ordinance in a rush on the second and final reading, and now they are using their tyranny in numbers to scuttle whatever protestation of the minority bloc. “I voting na para mahuman na ni,” commanded VM Clarin to the stamp pad councilors who ganged up on the noisy Tabas.

But no sooner they could have their comeuppance. Once in Russia, the people have agreed to be treated like idiots, all for the sake of some sort of “Oily Mother Russia Orthodox Neo-Tsarist Neo-Sovok Glory.” I don’t know what that means, but it’s all about hailing a communist glory. But on the other hand it was the great US President Abraham Lincoln who said, “You may fool all the people some of the time, you can even fool some of the people all of the time, but you cannot fool all of the people all the time.” (Cha Monforte/Rural Urban News)

NEWS: Municipal councilors baffled on P40 M loan for Nabunturan bond float

Posted in nabunturan bond flotation, raul caballero with tags , , , , , , , on August 13, 2008 by cha monforte

The P40 million borrowing approved by the majority in Tuesday’s session of the Sangguniang Bayan of Nabunturan has baffled three councilors opposing the controversial P90-million bond flotation which is starting to be fully underway at present.

Opposing Councilors Raul Caballero, Alfonso “Jun” Tabas Jr and Editha Arangcon were reportedly confused over the item “P40 million borrowing” included in the P42.84-million second supplemental budget ordinance that was passed after Vice Mayor Romeo Clarin reportedly cut short Tabas by suddenly calling for the voting of the measure with words “para mahuman na ni” (so this will end).

By that, Tabas was reportedly restrained while on the thick of debating amidst the alleged ganging up of the majority members on him.
The pro-bond float majority immediately voted and passed the budget ordinance following rowdy deliberation with the questioning minority councilors.

Tabas said in an interview that he was confused over the purpose and source of the borrowing, which has not specified any government financing institution.

He said that the P40-million borrowing was not a transparent item as it neither said of a bank nor said it would go for the bond flotation’s obligations.

Caballero, on the other hand, said that the measure rushed by the majority only confirmed the suspicion that under the bond flotation the municipal government would borrow after all contrary to what has been propagandized earlier that the scheme would not contract a loan but only source money from the bond float investors.

In the budget ordinance sought as urgent by Mayor Macario Humol, the P40-million borrowing was stated to be the budget for the construction of the commercial market complex, the object of the bond float project.

Also on Tuesday’s session a resolution was approved by the majority which lifted the confidentiality of the bank accounts of the municipal government in its depository bank, Land Bank of the Philippines in so far as the Department of Finance and the Central Bank are concerned.

Proponents said it was a requirement under the bond flotation project to allow the DoF and Central Bank to assess the financial standing including the Internal Revenue Allotment remittances for the proponent local government unit.

As required, the DoF would still assess the feasibility study of the project before it will make its endorsement for the final go signal for the funding start of the project.

As this developed, bond float oppositors have reportedly heightened their signature campaign to repeal the controversial ordinance under the people’s initiative provision as spelled out under the Local Government Code.

Also on Tuesday, oppositors mostly coming from the market vendors whose stalls were gutted by fire three years ago signed the petition at the open municipal gym at the public market. They were joined in by the minority councilors.

The town’s market vendors have been apprehensive that the project would dislocate them from their livelihood as the proposed public market building has high monthly rentals amounting to not less than P10,500 for the minimum 10-square meter stall based on the approved project’s feasibility study.

The bond float has been criticized to be exorbitant and expensive project that the oppositors said would not only dislocate the lowly market vendors but also strain the delivery of basic government services in the next ten years after the term of the last-termer mayor.

They said that that the town’s IRA is made the sinking-fund source and collateral for the obligations attendant to bond float. (Cha Monforte/Rural Urban News)

Universal principles for good governance

Posted in nabunturan with tags , , , , , on June 26, 2008 by cha monforte


Someone has begun serving in public office without considering his self-interest first. He ran with a promise of not drawing his salary to benefit himself. Now after a year, he is on the way of sustaining his 45 scholars for two-year computer technician course choosing a tech-voc school in his town. At the recent, he also met his electoral promise of donating an ambulance to his municipal government. He also engages in moral recovery advocacy seminars to barangays and provides assistance to unending requests and solicitations (from cradle to grave) from constituents including to what is locally dubbed as tigbas of tolisitation entrepreneurs. But this Nabunturan councilor Raul Caballero, a businessman, is not giving way to doleouts. He’ll rather give the fishnet than the fish out from the last drop of the centavo from his councilor’s salaries.

His is pure public service and he said there’s no string attached to it. It’s just that he made promises during the last polls and wants to realize them for fear that he might be called a liar. Simple logic. A universalist espousing world peace and unity without counting race, color, creed and belief, the councilor takes his current public philantropism, if we may call it this way, as an act of sowing a seed of good spirit right first with his own tribe in his hometown, and by sowing this locally for the local constituents to collectively own an idea anchored on the slogan “live for the sake of others” steps are made toward approaching the far-reaching goal of real world peace and unity.

Moreover, universalists anchor their efforts of transforming men on the family, the basic unit of society, in warding off vices, immoralities and threats to families, such as drug addiction, alcoholism, prostitution, early pregnancies, family break ups and others. The mind over the body teachings of the universalists instill discipline and willpower and simply give hope to those who can’t control themselves in wrecking havoc to themselves, their families, government and society.

The universal principles challenge men to offer their lives to others as a way a making restitutions of their past sins and misfortunes including those made by their ancestors, good spirit will abound and a path to righteousness, morality, divinity, fortunes and prosperity of the present and next generations is being taken

If this long-advocated universalism that flourished in Oriental culture is giving now good step and spirit in Nabunturan, by a councilor’s active espousal of selfless public and community service, then all the more universalism is all what we need to make models of public officials and engender good governance in a bureaucracy long enmeshed by the culture of worsening graft and corruption of vested interests.

Certainly, universalism in good local governance is a best practice waiting for replication in local governments in our regions. (Cha Monforte/Rural Urban News)