The revenue collection of the Land Transportation Office in Western Visayas increased by 6.99 percent in 2006, as apprehension cases and vehicles registered posted double digit figures during the year.

The annual report of LTO 6 shows that last year's collection reached P558.016 million, from only P521.578 million in 2005. Bacolod City District Office, under district head Antonio Norman Saril, raked in P159.795 million in 2006, up by 33.73 percent from the previous year's P119.493 million while the Negros Occidental Licensing Center posted P11.826 million or 2.32 percent higher than the 2005 figure of P521.578 million.

'Buy pre-need plans
from reputable firms'

A visiting official of a pre-need company urged the public to invest only in companies with good reputations to make sure they get their money's worth.

Ayala Plans Inc. president Emilio de Quiroz Jr. said that prospective buyers of education and pension plans must not consider the price alone but the guarantees the product can bring. De Quiroz, who introduced Ayala Plans' latest product MyDollarFundBuilder in a press conference in Bacolod City yesterday, said although the pre-need industry is still having problems as a backlash of the failure of some companies to pay their policy holders, sales of companies that have good reputation have actually grown as the public have began to realize which company they can trust their money to.

In fact, he said, Ayala Plans' sales increased by 24 percent in 2006.

'Failed TransCo auction
temporary setback'

The failed auction of the National Transmission Corp. is only a "temporary snag" that will not affect the investment outlook of the Philippines, Malacañang said in a press statement yesterday.

Presidential Spokesperson Ignacio Bunye said the public need not fear the failed bidding could dampen investor enthusiasm on the privatization of the TransCo.

TransCo, considered as the country's biggest privatization effort with an estimated value of $3 billion, has been on the auction block since 2003.

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