A RESOLUTION RESPECTFULLY INVITING PRESIDENT GIL A. BUENAVENTURA, DEVELOPMENT BANK OF THE PHILIPPINES (DBP) THRU LAOAG CITY BRANCH MANAGER LUZVIMINDA M. BUDUAN TO ESTABLISH A DBP BRANCH IN THE MUNICIPALITY OF DINGRAS, ILOCOS NORTE

 

REPUBLIC OF THE PHILIPPINES

PROVINCE OF ILOCOS NORTE

MUNICIPALITY OF DINGRAS

 

EXCERPT FROM THE MINUTES OF THE TWELFTH (12TH) REGULAR SESSION OF THE  NINTH (9TH) SANGGUNIANG BAYAN OF DINGRAS, ILOCOS NORTE HELD AT THE SANGGUNIAN SESSION HALL ON SEPTEMBER 16, 2013

 

Members Present:

Hon. Joefrey P. Saguid,                             Vice Mayor/Presiding Officer,

Hon. Ruben C. Marcos,                               SB Member

Hon. Enriqueto J. Cañete,                          -do-

Hon. Lester S. Ballesteros,                         -do-

Hon. Joey S. Apostol,                                  -do-

Hon. Samuel N. Demandante,                   -do-

Hon. Edilberto C. Gudoy,                            -do- Liga President

Hon. Samuelito R. Demandante                -do- Fed. SK President

 

Member/s Absent:             

Hon. Jose Mari Genaro B. Albano,            -SB Member-

Hon. Alfe Garry R. Gamboa,                      -do-

Hon. Nathaniel Ruben D. Taylan II           -do-

 

 

RESOLUTION NO. 2013-09-039

 

A RESOLUTION RESPECTFULLY INVITING PRESIDENT GIL A. BUENAVENTURA, DEVELOPMENT BANK OF THE PHILIPPINES (DBP) THRU LAOAG CITY BRANCH MANAGER LUZVIMINDA M. BUDUAN TO ESTABLISH A DBP BRANCH IN THE MUNICIPALITY OF DINGRAS, ILOCOS NORTE

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Sponsor: Hon. Joey S. Apostol

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WHEREAS, the Municipality of Dingras can be identified as the center of commerce and trade in the east zone of the Province of Ilocos Norte considering its accessibility, proximity, economic advantages and strategic location in six (6) clustered towns of Sarrat, Piddig, Solsona, Marcos, Banna, and Nueva Era;

 

WHEREAS, this municipality possesses the basic framework for sustainable development like the increased marketing activities, the surge of visitors due to the existence of historical sites; natural attractions as the raw caves, fresh springs, vast plains and rich mountains and hills; the great number of Overseas Filipino Workers (OFWs) and immigrants whose remittances contribute substantially to economic growth; emergence of small-medium enterprises generated by the amplified promotion and cyber undertakings; the presence of national government offices and private business establishments; and the usual abundance in agricultural production;

 

WHEREAS, the flourishing productive activities augmented, the income of the local populace generally improved the quality of life of the people;

 

WHEREAS, currently there are only two financial institutions situated in the municipality: a rural bank and one commercial bank and some remittance stations which by experience are inadequate to cater to the actual needs of the populace and the local government as well;

 

WHEREAS, the main banking and other related monetary transactions are still undertaken in the City of Laoag which makes such activities vulnerable and at risk to scheming elements due to unnecessary exposure and distance;

 

WHEREAS, the establishment of a branch of the Development Bank of the Philippines in this municipality is a "one stop shop solution" to the current banking and remittance needs of traders, merchants and other constituents of these clustered municipalities;

 

WHEREFORE, on motion of Hon. Joey S. Apostol duly seconded by Hon. Enriqueto Cañete, it was

 

RESOLVED AS IT IS HEREBY RESOLVED, to respectfully invite President Gil A. Buenaventura, Development Bank of the Philippines (DBP) thru Laoag City Branch Manager Luzviminda M. Buduan to establish a DBP branch in the municipality of Dingras, Ilocos Norte;

 

RESOLVED FURTHER, to authorize the SB Secretary to furnish copies of this resolution to the President Gil A. Buenaventura, Development Bank of the Philippines (DBP), General Gil Puyat Avenue corner Makati Avenue, Makati City through Laoag City Branch Manager Luzviminda M. Buduan for their information.

 

APPROVED:

Voted in favor:  Hon. Ruben C. Marcos, Hon. Enriqueto J. Cañete, Hon. Lester S. Ballesteros, Hon. Joey S. Apostol, Hon. Samuel N. Demandante, Hon. Edilberto C. Gudoy, Hon. Samuelito R. Demandante

Voted against:  N o n e

Abstention:       N o n e

 

I HEREBY CERTIFY to the correctness of the above-quoted resolution.

 

 

                                                                                                            LYDIA A. AQUINO

                                                                                                                  SB Secretary

ATTESTED:

 

                       JOEFREY P. SAGUID

                            Presiding Officer

                                                                                    APPROVED:

 

                                                                                                            ERDIO E. VALENZUELA                                                                                                                              Mayor

 

 

 

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