Tuesday, December 13, 2016

BSP, open to the idea 
of locating in Panglao 

TAGBILARAN CITY, December 13 (PIA)--The Bangko Sentral ng Pilipinas (BSP) is open to the idea of locating in Panglao its Bohol branch if no property areas in Tagbilaran City meet its strict requirements.

This was revealed by Bank Officer Hazel Cultura to the members of the Association of United Development Information Officers in Bohol (AUDIO-Bohol) during their General Assembly Meeting hosted by BSP last December 8, 2016 at JJ’s Seafood Village, this city.

Cultura said Central Bank is eager to construct the structure next year or as soon as the most appropriate site, which can also be within the city, is identified, cleared and approved. 

Either in the tourist town of Panglao, where the new Bohol airport is currently constructed, or its neighbor town of Dauis offers an ideal site, Cultura said.

The lot area for the facility should be at least 5,000 square meters along a major road network or, in areas where there are no other suitable sites, the frontage of the lot should not be less than 50 meters.

There was then a potential site but the Mines and Geosciences Bureau (MGB) and Philippine Institute of Volcanology and Seismology (PHIVOLCS) advised BSP to find another because of geological hazard following Bohol’s 7.2 magnitude earthquake on 2013.

While a most ideal site is yet to be fixed, Cultura said interested landowners may contact the Bohol Provincial Government to have a direct access to BSP authorities who are in charge of the project.

The Central Bank in Bohol will further result in a better quality of banknotes and coins in circulation and easier access for the Boholanos to exchange their unfit bills and coins and to surrender counterfeit notes. (ecb/PIA7-Bohol)

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