The Bangko Sentral ng Pilipinas’ policy-making Monetary Board has placed LBC Development Bank under the receivership of the Philippine Deposit Insurance Corporation due to liquidity problems.

BSP Governor Amando Tetangco Jr. said the Board decided to put the thrift bank under PDIC receivership in line with Section 30 of Republic Act No. 7653, otherwise known as the New Central Bank Act.

The law allows the MB to place a bank under PDIC receivership if it “is unable to pay its liabilities as they become due in the ordinary course of business”, “has insufficient realizable assets, as determined by the Bangko Sentral, to meet its liabilities.”

MassKara Jobs
Fair slated Oct.

The Public Employment Service Office in Bacolod City will hold its MassKara Jobs Fair Oct. 2 and project exhibit Sept. 19 to Oct. 19 at SM City Mall in Bacolod City, Moises de la Cruz, PESO manager and Executive Assistant to the Mayor said yesterday.

De la Cruz said local establishments and overseas agencies will join the jobs fair. Local jobs like those for call center agents and security guards and overseas employment openings like service crews, medical professionals, and skilled workers will be posted during the jobs fair.

PESO will also showcase its accomplishments, projects, and special recruitment activities in its exhibit. De la Cruz said they will provide labor market information, in demand jobs, and other projects like the Special Program for the Employment of Students, Kabataan Program, and Workers Hiring for Infrastructure Projects.

Livestock program
gets boost – PVO

The dairy and beef breeding projects of the Negros Occidental government, in line with the food security, livelihood and poverty alleviation programs of Gov. Alfredo Marañon Jr. is getting a boost, with the increase in population of its  cattle and sheep purchased from the National Dairy Authority and General Santos City in Mindanao recently.

In his report, Provincial Veterinarian Renante Decena said the 70 dairy cattle purchased in November last year from NDA have increased to 140, with the birth of 70 calves.

Decena said most of the dairy cows are still on the milk line, producing an average of seven liters a day, while others are pregnant.