The Project Review : Philippine Real Estate News and Update

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Tuesday, October 15, 2013

Events : The October 15 Bohol Earthquake

At about 8:00 A.M. today (October 15, 2013),  a very strong earthquake struck the Central Visayas region. The earthquake's epicenter was located near Cabigtian town in Bohol Island. The earthquake also affected  parts of Mindanao and nearby islands, particularly Cebu. Bohol and Cebu took the brunt  of the earthquake, both islands suffered extensive infrastructure damage and quite a number of casualties. Determining the extent of damage and the number of casualties in both provinces is still in progress up to this moment. 

February 6 of last year, the same area was also struck by an earthquake of almost the same magnitude as the temblor today. Then, the island of Bohol was slighlty affected by the temblor and spared from any damage. This time the whole island of Bohol is much affected, and devastated at that. Bohol's booming tourist industry will surely suffer in the aftermath of the earthquake. Quite a number of its historical  century-old Catholic churches collapsed or were partially destroyed. Even the province's main tourist attraction : the famous"Chocolate Hills" were not spared from landslides. 

The strength of the Bohol earthquake was described by Phivolcs Director Renato Solidum as : “A magnitude seven earthquake has an energy equivalent to around 32 Hiroshima atomic bombs. This one had a magnitude of 7.2.”

Bohol Island has its own faultline : the East Bohol Fault (see picture below). Movements of faults and tectonic plates normally cause earthquakes.

USGS ShakeMap : Octber 15, 2013  Bohol Earthquake

Active Earthquake Faultlines of Bohol, Cebu and Negros Islands

Bohol Earthquake Epicenter

Types of Earthquake Faultline  Movement 
Normal faults are dip-slip faults within the upper plate (the upper portion of the inclined fault) subducting. Reverse faults are dip-slip faults with the upper plate rising. When people stand facing a fault, the right-lateral strike-slip faults are those in which the far surface has lateral slip to the right, while left-lateral strike-slip faults are those in which the far surface has lateral slip to the left. 
According to the US Geological Survey, the Bohol earthquake was due to reverse faulting movement of a faultline. ( see illustration above ) :

"The October 15, 2013 M 7.1 earthquake near the city of Catigbian on Bohol Island, Philippines, occurred as the result of shallow reverse faulting on a moderately inclined fault dipping either to the northwest, or to the southeast. The depth of the event indicates it ruptured a fault within the crust of the Sunda plate, rather than on the deeper subduction zone plate boundary interface. At the latitude of this earthquake, the Philippine Sea plate moves towards the west-northwest with respect to the Sunda plate at a rate of approximately 10 cm/yr, subducting beneath the Philippine Islands several hundred kilometers to the east of the October 15 earthquake at the Philippine Trench."

"The Philippine Islands straddle a region of complex tectonics at the intersection of three major tectonic plates (the Philippine Sea, Sunda and Eurasia plates). As such, the islands are familiar with large and damaging earthquakes, and the region within 500 km of the October 15 earthquake has hosted 19 events of M6 or greater, a dozen of which have been shallow (0-70 km). One of these, a M 6.8 earthquake 70 km to the east of the October 15, 2013 event in 1990, caused several casualties."
Source : http://earthquake.usgs.gov/earthquakes/eventpage/usb000kdb4#summary

My prayer goes to all the people affected by the earthquake. And I fervently wish and pray that God heals our land soon.

Reminder :
Our fellow Filipinos affected by the earthquake in Bohol and Cebu surely need help now and in the days to come. Let's help them in anyway we can. Please don't forget to send your donations. God Bless everyone!


Picture and Map Sources :
http://www.hp1039.jishin.go.jp/eqchreng/af1-2.htm
http://www.phivolcs.dost.gov.ph/images/active.faults/af_trench_with_capitals.pdf
http://earthquake.usgs.gov/earthquakes/eventpage/usb000kdb4#summary

Related Link :
http://theprojectreview.blogspot.com/2012/02/information-february-6-negros-and-cebu.html

Tuesday, September 24, 2013

Rave : Metrobank-Country’s Outstanding Police Officers in Service (COPS) 2013 Awardees

Among our civil servants, the policeman is the one who works the hardest and sacrifices the most time.  Our policemen and policewomen serve our communities and its citizenry above and beyond the call of duty. They endanger theirs lives in the daily discharge of their duties. They are true living heroes!

Our congratulations to the winners of the Metrobank - Country’s Outstanding Police Officers in
Service (COPS) 2013!

The awardees from the commissioned officers category are: Police Superintendent Edgar Alan Omas Okubo (Quezon City); Police Chief Inspector Carlo Magno Mercado Manuel (Manila); Police Senior Inspector Arlan Lim Delumpines (Zamboanga City); and Police Inspector Margienett Terano Yosores (Cebu).

For non-commissioned officers category, awardees are: Senior Police Officer 1 Edgardo Abastar Figuracion II (Zamboanga del Sur); Senior Police Officer 1 Raquel Ramos Aniwasal (Batangas); Senior Police Officer 4 Teofilo Siao Juanata, Jr. (Pangasinan); Senior Police Officer 2 Oscar Morales Angeles, Jr. (Marikina City); Senior Police Officer 2 Rodito Torrevillas Viovicente (Lapu Lapu City); and Senior Police Officer 1 Eduardo De Guzman Covarrubias (Zamboanga City). 



COPS 2013 Awardees


COPS is a joint annual project of the Metrobank Foundation, PSBank and the Rotary Club of New Manila East. Congratulations also to these private groups for recognizing the valorous act, heroic deeds, and noble endeavors of these men and women in uniform.

News Source :
http://news.pia.gov.ph/index.php?article=241376616139

Photo Source :
https://www.facebook.com/pages/Countrys-Outstanding-Policemen-in-Service-COPS/121321317898928?sk=photos

Related Link :
http://theprojectreview.blogspot.com/2013/02/announcement-cops-2013-search-for.html

Tuesday, August 06, 2013

Information : Philippines is Now ASEAN's Economic Leader


From being the economic basket case of the ASEAN region, the Philippines has made a 180 degrees turn in its economic recovery. For the past years, the Philippine economic status has been continuously upgraded by international economic analysts, and just recently has been upgraded to "investment grade".

According to a report by the the Standard and Poor's (S & P), an American financial  researcher and analyst, the country is now ASEAN's undisputed economic leader.

“The Philippines, which Standard & Poor's recently upgraded to investment grade, has taken over the Asean growth leadership role from Indonesia,” S&P Asia Pacific chief economist Paul Gruenwald said in a new report released Monday. 

Philippine Economy on the Rise
Here's the complete report from Interaksyon.com :

MANILA - The Philippines is now Asean's undisputed economic leader, according to Standard & Poor's (S&P).

“The Philippines, which Standard & Poor's recently upgraded to investment grade, has taken over the Asean growth leadership role from Indonesia,” S&P Asia Pacific chief economist Paul Gruenwald said in a new report released Monday.

Gruenwald said the Philippine economy would grow by 6.9 percent this year, faster than other Asean economies.

According to its forecast, S&P sees Indonesia's gross domestic product (GDP) growing 6.1 percent; Vietnam, 5.3 percent; and Malaysia, 5.3 percent.  The Philippine growth forecast is higher than that for China at 7.3 percent.

A measure of economic performance, GDP is the amount of final goods and services produced in a country.

S&P's forecast for the Philippines' GDP growth this year is at the higher end of the government's target range of 6-7 percent.

The credit rating firm said growth however would slow to 6.1 percent next year before picking up to 6.5 percent in 2015.

Philippine GDP grew 7.8 percent in the first quarter of the year, making it the fastest-growing is Asia.

 “The major Asean economies we cover -- Indonesia, Malaysia, Philippines, Thailand, and Vietnam -- continue to outperform. These economies are more domestically focused than the newly industrialized economies and therefore tend to do better when global growth is sluggish,” Gruenwald said.

For the entire Asean, S&P expects growth of 5.5 percent through 2015.

In making its forecast, S&P expects a rebound in the US economy later this year and in 2014. The Asean forecsat however remains below trend because of flat growth in Europe, which is Asia's biggest trading partner.

Overall, risks to Asia-Pacific growth remain skewed to the downside, S&P said, adding that a slowdown in China will have a ripple effect on Australia, which is the largest supplier of iron, and other economies that export heavily to China.

Two important risk factors are the pace of Chinese investment and real GDP growth, and the strength of the US economic recovery, S&P said.

Afterthought :
With the continuous improvement of the Philippine economy, many Filipinos are hoping that these improvements on the economy would soon also affect and bring about positive changes on the lives of the ordinary citizens of the country. Only then would the majority of Filipinos can restore their confidence in their government which has long neglected them.

Picture Source :
http://uaeexchangeblog.com/
News Source :
http://www.interaksyon.com/business/68009/philippines-has-displaced-indonesia-as-asean-economic-leader----sp
Related Link :
http://www.bloomberg.com/news/2013-05-02/philippines-wins-investment-grade-from-s-p-in-aquino-affirmation.html

Friday, August 02, 2013

History Trivia : Andres Bonifacio Was Not the First Supremo of The Katipunan

If asked who was the first Supremo of the secret revolutionary society "Katipunan" (Kataastaasang Kagalanggalang na Katipunan ng mga Anak ng Bayan), many Filipinos would say : Andres Bonifacio.  No, he wasn't. The fact is: Bonifacio was the third Supremo of the Katipunan. This wrong assumption is maybe due to his being the iconic figure of the Katipunan, and the most controversial among its leaders. Though Bonifacio wasn't the first Supremo of the Katipunan, many historians believed that he  should be recognized as the first President of the country and not Aguinaldo.

The first Supremo of the Katipunan was Deodato Arellano. He was one of Bonifacio's co-founder of the Katipunan, and was also a member of the reform movement La Liga Filipina founded by Rizal.


Katipunan flag

Who is Deodato Arellano?

Deodato Arellano - First Supremo of the Katipunan

Quoted from source :
"Propagandist and first president of the Katipunan, Deodato Arellano was born to Juan de la Cruz and Mamerta de la Cruz on July 26, 1844 in Bulacan, Bulacan.  The family changed their name to Arellano in compliance with the Claveria decree of 1849."

"After taking a course in bookkeeping at the Ateneo Municipal, he worked as an assistant clerk at the arsenal of the military’s artillery corps.  He married Marcelo H. del Pilar’s sister, Hilaria, on April 22, 1877, after his first wife, Paula Rivera, died."

"He joined La Propaganda, a movement that sought political reforms in the country.  It was founded by his brother-in-law Del Pilar and Mariano Ponce.  He was assigned to handle both the dissemination of the group’s propaganda materials and the collection of funds for the members who were based in Spain.  He also made reports on the group’s progress and activities, which he sent to its leaders.  He was assisted in the dissemination work by Del Pilar’s young nephew, Gregorio del Pilar."

"La Propaganda was short-lived.  The money collected to pay for the upkeep of the members struggling for reforms in Spain was allegedly misspent and, thus, the group was dissolved.  To continue La Propaganda’s work, Dr. Jose Rizal decided to establish La Liga Filipina on July 3, 1892.  Deodato Arellano, who was one of the first to respond to Rizal’s cry to unite and organize, was elected its first secretary.  He served under its president, Ambrosio Salvador."

"A few days after the establishment of the Liga, however, Rizal was arrested and detained at Fort Santiago.  On July 7, 1892, Gov. Eulogio Despujol announced his immediate deportation to Dapitan.  That same day, at the house of Deodato Arellano at 72 Azcarraga Street, Andres Bonifacio, a Liga member, gathered together Teodoro Plata, Valentin Diaz, Ladislao Diwa, Jose Dizon and Arellano himself to found an underground association, the Katipunan, whose main goal was to attain not mere reforms but the country’s separation from Spain – national independence."

Source : 
http://www.nhcp.gov.ph/index.php?option=com_content&task=view&id=173

Quoted from source :
"Contrary to popular belief, Andres Bonifacio—though undoubtedly one of the more prominent founders of the Katipunan—was not its first Supremo or the President of the Supreme Council. On July 15, 1892, the members of the Supreme Council were Deodato Arellano (Supremo), Bonifacio (Comptroller), Ladislao Diwa (Fiscal), Teodoro Plata (Secretary), and Valentin Diaz (Treasurer)."


"Unsatisfied with Arellano’s performance as Supremo, Bonifacio later had him deposed, and supported the election of Roman Basa as Supremo on February 1, 1893. The Supreme Council was then composed of Basa, Jose Turiano Santiago (Secretary), Bonifacio (Fiscal), and Vicente Molina (Treasurer)."


"Bonifacio would only become Supremo on January 5, 1894, with Santiago (Secretary), Emilio Jacinto (Fiscal), and Molina (Treasurer). Further reorganization in 1896 led to Jacinto becoming Secretary, and Pio Valenzuela becoming Fiscal."


"The Supreme Council in August 1896, prior to the outbreak of the Philippine Revolution, was led by Bonifacio as the Supremo, with Jacinto as Secretary of State, Teodoro Plata as Secretary of War, Briccio Pantas as Secretary of Justice, Aguedo del Rosario as Secretary of Interior, and Enrique Pacheco as Secretary of Finance."

Source :
http://malacanang.gov.ph/4304-the-founding-of-the-katipunan/

Related Link : 
http://www.interaksyon.com/article/67864/movement-launched-to-recognize-bonifacio-as-first-president