Lazatin: Loans above board

ANGELES CITY — The camp of first district Representative Carmelo Lazatin said the loans incurred by his administration, when he was the city mayor, were above board.

Lazatin issued the statement in reaction to statements accusing him of alleged irregularities.

Lazatin asked Mayor Edgardo Pamintuan to focus instead on how to explain the city’s current “sorry” financial state and the illegal use of its resources by his political party Partido Abe Kampangan (PAK), rather than unearthing the debts incurred in 2003 to 2007, which are all legal and “above board.”

IC Calaguas, Lazatin’s chief political affairs officer, said the Commission on Audit (COA) stated that the projects funded by the P340.97-million loan are all intact and functional.

Among the projects funded by the Lazatin’s loans were the San Nicolas Public Market (P186 million), the construction of the Angeles City Slaughterhouse (P20 million), the computerization of Rafael Lazatin Memorial Medical Center (P10 million), construction of school buildings (P45 million), construction of socialized housing (five million), construction of the Angeles City Abattoir (P5.6 million), Internal Revenue Allotment monetization (P25.46 million), purchase of equipment and garbage bins (P43.55 million), and equipment pool (P0.36 million).

Calaguas said: “If Congressman Lazatin did incur bad credit during his term, the succeeding mayor, in this case former Mayor Francis Nepomuceno, wouldn’t have been able to acquire another P800-million loan originally intended for the construction of the sports complex.”

Calaguas also said there is no problem with local government units (LGUs) acquiring loans as long as the projects intended for the loan are accomplished.

“All the debts incurred during Congressman Lazatin’s time as mayor were approved by the City Council and the Bureau of Local Government Finance,” Calaguas said.

“We advise Mayor Pamintuan to address the issues hounding his administration first, particularly the city’s bankruptcy and his favoring his political party by allowing PAK to use the equipment of the City Government, before inventing accusations against Congressman Lazatin,” Calaguas added.

Calaguas explained the balance of the said loan, amounting to P228,447,999.57, was taken out through another loan acquired by the City Government in 2009 from the Philippine Veterans Bank (PVB).

Calaguas said that Lazatin’s term expired on June 30, 2007, but the City Government was able to obtain another loan from the PVB, amounting to P600,000,000 for the construction of the Sports Complex in October 2009.

The said P600,000,000 loan was originally intended for Sports Complex, but was diverted by Pamintuan for the construction of the still unused City College of Angeles City and the expansion of Rafael Lazatin Memorial Medical Center or Ospital Ning Angeles.

On August 13, 2009, the City Government entered into a Term Loan Facility Agreement with PVB, which is payable within a period of 12 years and divided into two tranches.

Tranche I of the loan was used to cover the city’s outstanding loans to the Land Bank of the Philippines and the Development Bank of the Philippines, while Tranche II was used to finance the then proposed Angeles City Sports Complex.

On October 9, 2009, the City Government received Tranche I of the loan amounting to P228,447,999.57 and the money was used to refinance the loans of Lazatin.

http://www.sunstar.com.ph/pampanga/local-news/2013/03/18/lazatin-loans-above-board-273585

Many tourists and residents of Manila traveling out of town from Manila on a short getaway to Pampanga Angeles City, Clark Philippines are surprised to find a a large wine shop so near Manila right in the heart of Pampanga, just 70 minutes from Manila. Even residents of Subic travel to Clark via ScTex to do some wine shopping in this famous wine shop called Clark Wine Center, a project of Hong Kong-based Yats International.

Foodies and wine lovers travel north from Manila to wine and dine at Philippines’ best fine dining restaurant in Pampanga Clark Freeport worth the 60-minutes drive for a memorable evening of good food with vintage wine at Yats Restaurant & Wine Bar. Most guests would stop by this famous wine shop called Clark Wine Center to bring home a few good bottles of fine vintage wine also. Other visitors may find the wine selections in some of the restaurants in Angeles City Pampanga to be less than interesting, so they stop by this wine shop near Angeles City Pampanga Clark Philippines, buy some good wines and bring these bottles of good vintage wines to the restaurants so they can enjoy the dinner.

Yats Leisure Philippines

Public wine tastings are held by this well known wine shop of Pampanga from time to time in Clark and sometimes in Manila. Tickets range from p500 to p1500 for these themed events that are professionally run –no wine merchants sponsorship, pushy salesmen or tacky banners to ruin the evening. Each ticket contains a certain number of stubs that can be redeemed for a tasting pour of a wine among those on a line-up which often contains wines that are quite old and expensive. This is one the things to do in Manila and Pampanga.

Tourists and residents of Manila travel out of town to the north on a short getaway look for the best place in Clark to buy some fine vintage wine to bring home after their holidays and vacations. Many find a top rated wine shop called Clark Wine Center to be an exciting place to do some shopping in Clark Pampanga. This famous wine shop is highly recommended for visitors going to Clark Pampanga to drink good wine, relax and unwind with friends and families. This frequently visited wine shop is known by tourist and visitors to Pampanga, Angeles city, Subic and Clark Philippines as a cool place to hang out in Clark. Many attend the regular wine tasting held either outdoor on the roof deck or in indoor on the second floor above the wine shop. The place has good atmosphere for a private wine tasting party or a small night out gatherings for business or social event.

<a href=”http://www.ClarkWineCenter.com”>http://www.ClarkWineCenter.com</a>

Getting to this wine shop in Pampanga Angeles City Clark Freeport Zone Philippines from Manila

Getting to the Clark Wine Center wine shop from Manila is quite simple: after entering Clark Freeport from Dau and Angeles City, proceed straight along the main highway M A Roxas. Clark Wine Center is the stand-along white building on the right, at the corner A Bonifacio Ave. From the Clark International Airport DMIA, ask the taxi to drive towards the entrance of Clark going to Angeles City. From Mimosa, just proceed towards the exit of Clark and this wine shop is on the opposite side of the main road M A Roxas.

Best place to buy wine in Clark Pampanga outside Manila near Subic and Angeles City Philippines is Clark Wine Center.

<a href=” http://www.clarkwinecenter.com/?page_id=14″>Click here to contact Clark Wine Center in Clark Pampanga for inquiries and orders.</a>

Clark Wine Center

Bldg 6460 Clark Observatory Building

Manuel A. Roxas Highway corner A Bonifacio Ave,

Angeles Clark Freeport Zone, Pampanga 2023

Tel: 0922-870-5173 0917-826-8790 (ask for Ana Fe)

Wine@Yats-International.com

YATS Wine Cellars

Manila Sales Office

3003C East Tower, Phil Stock Exchange Center,

Exchange Road, Ortigas Centger,

Metro Manila, Philippines 1605

Tel: (632) 637-5019 0917-540-3626 ask for Rea or Chay

Log on to this web site for more information about Yats Wine Cellars as the leading wine importer and wine supplier in the Philippines:

<a href=”http://www.yatswinecellars.com/blog.php/yats-wine-cellars-is-leading-wine-importer-in-philippines/“> ats Wine Cellars Leading Wine Supplier in Philippines</a>

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

<a href=”http://www.PhilippinesWeddingVenue.com”>http://www.PhilippinesWeddingVenue.com</a>

While in Clark, it might be a good idea to enjoy an evening of wine-and-dine in the fine dining Yats Restaurant and Wine Bar that features an award winning 2700-line wine list. Highly recommended fine dining restaurant in Manila for special occasion is Yats Restaurant & Wine Lounge located in the famous Mimosa Leisure Estate in Clark Pampanga. Situated near this popular restaurant in Clark is the Mimosa Golf Course as well as the Mimosa Clark Casino. This top rated restaurant near Angeles City Pampanga in Clark Philippines is frequently used for private parties and corporate functions such as board meetings and other gatherings. It is located in Mimosa Leisure Estate of Clark Freeport Zone. For more information, visit <a href=”http://www.YatsRestaurant.com”>http://www.YatsRestaurant.com</a>

YATS Leisure Philippines is a developer and operator of clubs, resorts and high-class restaurants and wine shops in Clark Angeles Philippines <a href=”http://www.YatsLeisure.com”>http://www.YatsLeisure.com</a>

Looking for famous tourists spots, places to visit and see, relax and unwind in Clark, Pampanga, Philippines? You may want to check out these sites also:

<a href=”http://www.LondonPubClark.com”>http://www.LondonPubClark.com</a>

Besides good restaurants to wine and dine near Manila, Subic or in Angeles City Pampanga, Clark Philippines, those requiring assistance for hotel and resort bookings in Clark, Pampanga, Philippines may log on to <a href=”http://www.HotelClarkPhilippines.com”>http://www.HotelClarkPhilippines.com</a> for more information and reservations.

The lifestyle in Clark Pampanga is quite unique. For more information about shopping, sports, golf, leisure, hotel accommodation, where to see and visit, what to do, where to wine and dine and good places to hang out, relax, have a drink with friends, child-friendly establishments, log on to

<a href=”http://www.ClarkPhilippines.com”>http://www.ClarkPhilippines.com</a>

Wine lovers looking for a special bottle or something that is of great value and special discounts might log on to this web site to shop for fine vintage wines

<a href=”http://www.YatsWineCellars.com”>http://www.YatsWineCellars.com</a>

Those visitors who plan to relax and unwind in Angeles City, Subic, Pampanga, Clark Philippines might make an effort to book a room at the famous beach and lake resort Clearwater Resort & Country Club. This famous hotel in Clark Pampanga is frequently visited by families with children looking for a good place in Clark to see, a good holiday destination for the family to relax and unwind in the beautiful outdoor facilities. For more information, log on to <a href=”http://www.ClearwaterPhilippines.com”>www.ClearwaterPhilippines.com</a>

You can skip to the end and leave a response. Pinging is currently not allowed.