CARD MRI Launches First Islamic Bank in the Philippines, Aims to Boost Financial Inclusion and Alleviate Poverty

CARD MRI Launches First Islamic Bank in the Philippines, Aims to Boost Financial Inclusion and Alleviate Poverty

Cotabato City | via Bhal Cabrera | January 22, 2024

In a significant stride towards financial inclusion and poverty eradication, CARD MRI - Center for Agriculture and Rural Development Mutually Reinforcing Institutions inaugurated its first Islamic Bank in Cotabato City, marking a historic milestone for the organization and the region.

The inauguration ceremony, held on January 22, 2024, was graced by prominent officials from the Bangko Sentral ng Pilipinas (BSP), the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), Cotabato City, and CARD MRI. The event attracted a diverse array of stakeholders, all gathered to witness the unfolding of a new chapter in the pursuit of economic empowerment for Filipinos.

Empowering Lives, Uplifting Communities: CARD MRI's Commitment to Poverty Eradication

CARD MRI, renowned for its unwavering commitment to poverty eradication, has strategically expanded its reach by establishing the first Islamic Bank in Cotabato City. The move aligns with the organization's overarching goal of uplifting the lives of Filipinos, particularly in Mindanao, where economic opportunities are pivotal for sustainable development.

The newly opened Islamic Bank is set to play a crucial role in fostering financial inclusion among Muslim communities in Mindanao. By adhering to Islamic banking principles, the institution aims to cater to the unique financial needs of the population, fostering a banking environment that aligns with Islamic values.

Dignitaries Converge for Inauguration: A Symbolic Moment of Collaboration

The inauguration ceremony witnessed the convergence of esteemed dignitaries, including high-ranking officials from the BSP, BARMM, and Cotabato City. Their presence underscored the collaborative efforts required to drive economic progress and financial inclusion in the region.

Representatives from CARD MRI were also present, expressing their dedication to the cause of eradicating poverty through innovative financial solutions. The event showcased a unified commitment to creating a positive impact on the lives of Filipinos, especially in Mindanao.

Strategic Partnerships for Sustainable Development.

The establishment of the Islamic Bank is not just a testament to CARD MRI's commitment but also a result of strategic partnerships with government institutions, reflecting a shared vision for a prosperous and economically inclusive Mindanao.

As the bank begins its operations, it is poised to provide accessible and ethical financial services, empowering individuals and communities to break free from the cycle of poverty.

Looking Forward: A Beacon of Hope for Mindanao's Economic Landscape

The opening of CARD MRI's first Islamic Bank in Cotabato City serves as a beacon of hope, signaling a new era of economic growth and empowerment for Mindanao. With the support of BSP, BARMM, and local authorities, the institution is poised to make a lasting impact on the financial landscape, contributing significantly to the overarching goal of eradicating poverty and improving the quality of life for all Filipinos.

Ozamiz City Police Lead Successful Drug Buy-Bust Operation

 

Ozamiz City Police Lead Successful Drug Buy-Bust Operation   

Ozamiz City, Misamis Occidental | via Bhal Cabrera | January 7, 2024

 

In a swift and decisive move on the early morning of January 7, 2024, the Ozamiz City Police Station took the lead in a drug buy-bust operation. The operation targeted the residence of Glenn Lozano in Purok Mauswagon, Brgy Maningcol, resulting in the apprehension of individuals involved in the illicit drug trade.

During the operation, three sachets of suspected shabu were seized from Glenn Lozano's residence. The suspects, identified as Jolly Jalalon and Jboy Begontes, were caught in the act during a drug-related session. Despite their attempt to escape, the police successfully apprehended them, with one suspect managing to elude the authorities.

This operation highlights the commitment of the Ozamiz City Police in combating the drug menace within the community. Authorities are intensifying efforts to ensure the safety and well-being of residents, sending a strong message that illegal drug activities will not be tolerated. The arrested individuals will face charges related to the possession and distribution of illegal substances, contributing to the ongoing battle against drug-related crimes in the city.

CIDG Misamis Occidental PFU’s Successful Operation Leads to the Arrest of Alleged Cattle Rustler in Oroquieta City

Oroquieta City, Misamis Occidental | via Bhal Cabrera| January 6, 2024

In a commendable achievement for the Criminal Investigation and Detection Group (CIDG) of Misamis Occidental, a successful operation under OPLAN PAGTUGIS on January 5, 2024, at approximately 10:12 PM, led to the arrest of Rey BARORO y Estabas. The 52-year-old, hailing from Brgy. Apil, Oroquieta City, was apprehended on charges related to the Anti-Cattle Rustling Law of 1974 (PD 533).

Rey BARORO, a single farmer residing in Purok 3, Brgy. Sinampongan, Aloran, Misamis Occidental, was taken into custody by the Tracker Team of CIDG Misamis Occidental PFU based on the strength of a Warrant of Arrest issued by Hon. Roy Pabriga Murallon, Presiding Judge, Regional Trial Court, Branch 13, 10th Judicial Region, Oroquieta City. The warrant, docketed under CC No. 2023-1256, had a recommended bail bond of Php 108,000.00 and was dated December 28, 2023.

The arrest took place at Purok 3, Brgy. Tumaga, Oroquieta City, Misamis Occidental, with the accused allegedly identified as a significant figure in the TTMWP Municipal Level of Aloran MPS.

The operation was meticulously documented using advanced equipment, including one (1) unit BOBLOV with SN: F21B2382 and one (1) unit Vivo Android Phone V25 PRO serving as alternative recording devices. This compliance with AM-21-08-06-SC/Rules on the use of Body Worn Cameras in the execution of warrants ensured transparency and adherence to legal protocols.

During the arrest, Rey BARORO was duly informed of his rights under the Constitution and the Anti-Torture Law. Following the operation, he was taken to the CIDG Misamis Occidental PFU Office for proper disposition and documentation. The authorities are currently awaiting the issuance of a commitment order from the concerned court.

This accomplishment reflects the commitment of law enforcement agencies to uphold justice and maintain the rule of law in Misamis Occidental. The CIDG's swift and successful execution of OPLAN PAGTUGIS underscores their dedication to combating criminal activities and ensuring the safety and security of the local community.

Misamis Occidental Celebrates Record Rice Production in 2023 Due to Innovative Agricultural Program

Ozamiz City, Misamis Occidental | via Bhal Cabrera | January 6, 2024

Provincial Government's Asenso Rice Farmers Full Assistance Program Boosts Yields, Misamis Occidental has marked a significant achievement in its agricultural sector, reporting a substantial increase in rice production by the end of 2023. This success is attributed to the effective implementation of the Asenso Rice Farmers Full Assistance program initiated by Governor Henry S. Oaminal.

Under Governor Oaminal's leadership, the provincial government introduced free fertilizer projects and land preparation inputs assistance as part of the Asenso Rice Farmers Full Assistance program. The initiative aimed to support and uplift local farmers, enabling them to enhance their productivity and contribute to the province's food self-sufficiency.

Governor Oaminal expressed his satisfaction with the program's outcomes, stating that the province witnessed a gradual rise in production yield, reaching an impressive 5.6 to 6 metric tons per hectare. This surpassed the original production yield of 4.6 to 4.9 metric tons per hectare, even surpassing the national target.

"For our farmers, there was an increased production yield. Originally, our production yield was between 4.6 to 4.9 metric tons per hectare, and based on the recent harvest, we achieved 5.6 to 6 metric tons, which is even higher than the national target," Governor Oaminal proudly declared.

The Asenso Rice Farmers Full Assistance flagship program focuses on maintaining food self-sufficiency in the province by providing sustainable assistance to farmers. Governor Oaminal emphasized the goal of increasing production yield while reducing production costs, ultimately boosting farmers' income and contributing to the province's gross domestic product.

To make agriculture more accessible and affordable for local farmers, the program allows them to use free farm equipment and machinery provided by the provincial government. This strategic move helps minimize production costs and enhances the overall efficiency of farming operations.

Governor Oaminal expressed his commitment to inspiring and supporting the local agriculture sector, with the aim of achieving greater agricultural productivity. He believes that by improving household income through successful farming practices, the provincial government can contribute significantly to the overall development of Misamis Occidental.