Issue of May 14, 2017
     
NEWS
Abra
Benguet
Ifugao
Kalinga
Mt. Province
 
OPINION
 

2016
Panagbenga Flower Festival
 
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BSP office ready by 2018
by Rimaliza A. Opiña

Notwithstanding criticisms on the excavation and cutting of more than 40 trees at the site where the Baguio office of the Bangko Sentral ng Pilipinas will soon stand, the central bank management is pursuing the construction and has announced that it will hire personnel to be deployed at its new branch office.

BSP-La Union Director Rogel Joseph del Rosario said BSP-Baguio will open in 2018 since the projected schedule for the construction is going as planned.

The BSP will need security personnel and administrative staff for its Baguio office.

The Diocese of Baguio earlier belied the claim of the BSP that it approved the project. Diocese spokesperson Fr. Manny Flores in an interview in a local TV station said their attending the consultation should not be equated with acceptance of the project.

Del Rosario said the BSP no longer wants to make an issue out of objections to their project, and maintained that prior to construction, all processes have been followed. He also said the presence of a Baguio office has many advantages.

The BSP said several stakeholders, including environmental groups and the business sector, have been consulted.

The BSP said consultations have been conducted between Jan. 11, 2013 and November 2014.

More than 100 trees, mostly pine, were cut to pave way for the construction of the BSP-Baguio along Loakan.

The BSP said its management would comply with the requirement of the Department of Environment and Natural Resources that it will replace with new saplings every tree it cuts. The BSP will be donating 10,000 indigenous tree seedlings and plant the same at a site to be identified by the DENR.

The building reportedly has “green” design elements that will help ensure the environmental sustainability at the site, such as minimizing the use of paved concrete in favor of natural soil and grass, a rain water harvesting facility to reduce dependence on local water supply, installation of vertical greenery to reduce heat transfer onto the building facades, and the use of high windows to maximize the entry of sunlight into the building.

The BSP said a Baguio branch will foster growth in the local economy and financial system, facilitate the delivery of central banking services in the region, and help ensure a steady supply of currency in the area, even in the times of inclement weather or poor road conditions.


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