New Mission Order for PCGG Comptrollers

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OFFICE OF THE DEPUTY GOVERNOR SUPERVISION & EXAMINATION SECTOR

CIRCULAR LETTER NO. CL-2008- 061

To All Banks and Non-Bank Financial Institutions Concerned

Subject New Mission Order for PCGG Comptrollers

of the seif explanatory letter dated 8 July 2008 of Mr. Camilo L. Sabio. Commission Secretary, Presidential Commission on Good Government regarding the captioned subject. For the information and guidance of all concerned, attached is a copy

Please be guided accordingly.

INESTOR A ESPENIKL JR

Deputy Governor

Att: A/S

DV October 2008

PANANALAPING MATATAG, BANSANG PANATAG A. Mabini St., Malate 1004, Manila, Phitippines Trunkline (632) 524-70-11 URL:www.bsp.gov.ph * e-mail: [email protected]

BOTRLI OEoMToOYem

PRESIDENTIAL COMMISSION ON GOOD GOVERNMENT REPUBLIC OF THE PHILIPPINES July 8, 2008 8 RECEIVED SEP 18 N0:40 01 8

HON. AMANDO M. TETANGCO, JR. Governor

Manila Bangko Sentral ng Pilipinas

SubjeCt : NEW MISSION ORDER FOR PCGG COMPTROLLERS

Dear Governor Tetangco:

companies covering disbursements which are pre-audited by the Commission- designated signatories, please consider the following amendments for dissemination to all commercial banks and other non-bank financial institutions: Relative to the signing of transmittal letters of sequestered/surrendered

disbursements including rollovers/renewals, availment of credit facilities and 1. Alt cash withdrawals, transfer of funds, money market placements andl

and other related documents. Further, said documents that are subject to pre- audit by the hereunder PCGG Comptrollers need not be countersigned or depository bank(s) subject to exception as mentioned in No. 4. Ioans, are subject to the prior consent and acknowledgment by the hereunder PCGG designated signatories. The approval by said PCGG Comptrollers shall, at transfer of funds, money market placements/advices or credit/loan application approved by PCGG Officials, and therefore may be transmitted directly to the all times, be indicated in the withdrawal slips and/or transmittal letters covering

MISSION ORDER NO. NAME OF CORPORATION (Specimen Signatures) SIGNATORY(IES)

CLS-RMA-2008-0228 GINGOOG HOLDINGS CORP

COUNTRYSIDE MILLERS, INC. M/ALCANTARA

PCY HOLDINGS CORP]

CLS-RMA-2008-0225 FILSOV SHIPPING CORPORATION Jarwin C. . ALTEA

CLS-RMA-2008-0227 AGRICULTURAL INVESTORS, INC. NAA

JEWELMER INTERNATIONAL, INC ZEINAIDA B. CABRERA

0G O9!8D8-i O06E5-O9P108-O3

CLS-RMA-2008-0223 INDEPENDENT REALTY CORP. (IRC) GROUP OF COMPANIES MARCIAL V. FLORES

CLS-RMA-2008-0229 ECJ & SONS AGRICULTURAL ENTERPRISES, INC.

ECJ FISHPONDS (BATAAN & PAMPANGA) APOLINARTO A. CELOZA

CLS-RMA-2008-0234 RADIO PHILIPPINES NETWORK INC. (RPN-9) DANIL N. DANIEL

CLS-RMA-2008-0231 ANCHOR INSURANCE BROKERAGE CORP. ALFRedO M. DE bA PaZ M Au

CLS-RMA-2008-0232 BROADCASTING CORP INTERCONTINENTAL (IBC-13)

ENGINEERING CO., INC. (BASECO) BATAAN SHIPYARD &

RADYO PILIPINO CORP. ROSALINdA A. FERNANDO

CLS-RMA-2008-0230 NORTHERN CEMENT CORP TERESITA A. TABLIZO Mamiw

CLS-RMA-2008-0224 BANAHAW BROADCASTING CORPORATION (BBC) LORNA U. REYES

CLS-RMA-2008-0222 COCOFED MARKETING CORP.

COCONUT INVESTMENT CORP.

PHILIPPINE COCONUT PRODUCERS CORP. J. ERMIN ER MIGWE LOUIE R.

CLS-RMA-2008-0221 REGION VIII DONETTE MA RDOYO

(SEQUESTERED PROPERTIES)

Dee

GENER L. REYES

3

CLS-RMA-2008-0233 SOUTHERN ISLAND OIL MILLS

MEIROPLEX HOLDINGS CORP.

FIRST UNITED TRAVEL, INC. MARITA B. VILLARICA

CLS-RMA-2008-0226 SERVICES & MANAGEMENT CORP NORTHERN CARRIERS VIRGILIO S. MENDOZA

documents/communications mentioned in No. 1 above. The following personnel are hereby designated as ALTERNATIVE signatories: following signatories may sign the transmittal letters and/or related bank 2. In the absence of the above-mentioned signatories, anyone of the

DARWIN CHALTEA Or ZENAIDA B. CABRERA

and Shall be APPROVED by:

0 OIC-DIRECTOR ALFREDO M. DE PAZ

before these are released or transmitted to the aforementioned companies.

shail be approved by: ALFREDO M. DE LA PAZ shall countersign all documents mentioned in No. 2 and 3. In the absence of the above-mentioned signatories, OIC-DIRECTOR

CoMmissioner RICardo M. abCede

MILLION(R5,000,000.00) COMMISSIONER RICARDO M.ABCEDE or, in his absence, of OIC-DIRECTOR ALFREDO M. DE LA PAZ. 4. A single disbursement/transaction exceeding the amount of FIVE PEsos shall need the approval of

bank financiat institutions concerned regarding the aforesaid changes which shall take effect immediately and supersede all previous instructions issued. In this connection, kindly advise all commercial banks inciuding all non-

Thank you.

Very truly yours,

Camilo l. Sabio Secretary ry

Phones: 725-6846- : 727-4434 - 725-7812 Telfax: 725-6915 IRC Building, No. 82 EDSA, Mandaluyong City