Issue of May 13, 2012

64th Courier Anniversary Issue
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Vergara is richest of CAR solons
by Jane Cadalig

Baguio City Rep. Bernardo Vergara is the wealthiest among the Cordillera congressmen while Ifugao Rep. Teddy Baguilat Jr. ranks the poorest.

Based on the Lower House’s summary report on the 2011 Statement of Assets, Liabilities, and Net worth (SALN) filed by its members, Vergara declared a net worth of P48.720 million.

Net worth is the difference between one’s total assets and liabilities. Assets comprise one’s belongings, either real (such as lands and buildings) or personal (jewelries and cars) while liabilities refer to obligations that must be paid, such as personal and financial loans.

Vergara’s SALN listed P54.660M in his total assets and placed his liabilities at P5.940M. He reported his real assets are worth P25.650M using the current fair market value or real properties and his personal assets to be worth P28.010M.   The city solon is vice chair of the Lower House committee on public works.

Baguilat, meanwhile, ranks the poorest with a declared net worth of P2.118M. His SALN showed he had a P5.958M worth of real properties and a debt of P3.840M. He listed his real assets at P1.350M and personal assets at P4.608M. Baguilat chairs the committee on indigenous peoples.

Trailing Vergara on the list of wealthy lawmakers is Benguet Rep. Ronald Cosalan who declared a net worth of P44,005,540.

Cosalan, chair of the committee on public works, placed his total assets at P51,843,000 and his liabilities at P7,837,460.

Abra Rep. Ma. Jocelyn Bernos declared a net worth of P14M. The lady solon reported P4M in her real assets and P10M in her personal assets. Her SALN showed she has no debts.

Bernos is vice chair of the committee on cooperative development.

Mountain Province Rep. Maximo Dalog’s net worth was placed at P9,709,496. He declared P14,430,666 in total assets and P4,721,170 in liabilities.

Kalinga Rep. Manuel Agyao declared a net worth of P8,565,220. The chair of the committee on bases conversion listed P13,071,220 worth of total assets and P4.506M as liabilities.

Apayao Rep. Eleanor Begtang placed her net worth at P7,287,354.80. Her SALN listed her total assets at P9,558,025 and her liabilities at P1,704,350.

Republic Act 6713 or the Code of Conduct and Ethical Standards for Public Officials requires all government officials and employees to disclose their assets and liabilities in their annual SALNs, which must be filed on or before April 30 of every year.

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Baguio Central University
Lepanto Consolidated Mining Company
MMS Development Training Center Corporation
Pines City Colleges
SM City Baguio
Technical Education & Skills Development Authority
University of Baguio

Abanao Square
Brent International School
Data Center College of the Philippines
Gov. Leonard G. Mayaen
Interlink Security Management Corp.
Mayor Mauricio Domogan
Medline International Training Institute of Baguio
Pag-IBIG Fund
Philex Mining Corporation
Pines City Colleges
Pugad Pugo Adventure
Rep. Ronald M. Cosalan
SN Aboitiz
Texas Instruments
UP Baguio

Assumption Medical Diagnostic Center, Inc.
Baguio City Council
Baguio Memorial Chapels, Inc.
Baguio Water District
BSBT College
Curamed Pharmacy
Department of Agrarian Reform - CAR
Department of Agriculture–RFO–CAR
Department of Public Works and Highways - CAR
Department of Trade and Industry – CAR
Fabulo Beauty & Image Salon
Far East Pacific Commercial
Filipino – Japanese Foundation of Northern Luzon, Inc.
Forest House
GMS Technology
Goshen Land
Governor Nestor B. Fongwan
Healthforce1 Nursing Review Center
Heidelberg Philippines, Inc.
Hotel Elizabeth
Jaime V. Ongpin Foundation, Inc.
Kalapaw Restaurant
Maybank - Baguio Branch
Mayor Greg T. Abalos Jr.
Nagomi Spa
National Police Commission - Philippine National Police - Police Regional Office - CAR
NIIT – Baguio
Nova Lodge
Philippine Women’s University – CDCEC Baguio City, Inc.
Philippines Science High School – CAR
Rep. Bernardo Vergara
Rep. Maximo Dalog
Sangguniang Panlalawigan
Small World Christian School Foundation
The Golden Pine Hotel
VTA International Realty Corporation
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