P60-B released to cash transfer beneficiaries as of December 2020 — Landbank

Robie de Guzman   •   April 29, 2021   •   1315

MANILA, Philippines — The Land Bank of the Philippines (LANDBANK) has already released P60.36 billion in unconditional cash transfers (UTC) as of December 2020 to beneficiary households of the Duterte administration’s social mitigation program under the Tax Reform for Acceleration and Inclusion (TRAIN) Law.

According to LANDBANK president-CEO Cecilia Borromeo, these disbursements were from the funds for the UCT program released from March 2018 up to December last year.

She said that from March 2018 to December 2020, a total of P22.53 billion was disbursed to beneficiaries from the UCT Program Funds under the 2018 General Appropriations Act (GAA).

Another P23.71 billion under the fiscal year 2019 UCT Program Funds was released from July 2019 to December 2020, and P14.12 billion from the 2020 UCT Program Fund in December last year.

Under the TRAIN Law, up to 30 percent of the incremental revenues from the law is earmarked for social mitigation measures, such as the UCTs, while 70 percent is earmarked for the Duterte administration’s “Build, Build, Build” program.

Republic Act (RA) No. 10963 or the TRAIN Law, which also slashed personal income tax (PIT) rates for 99 percent of salary earners, was implemented starting January 2018.

RA 10963 benefits salary earners because the hefty cuts in their PIT tax payments translate into extra income for these taxpayers equivalent to about a one-month take-home pay.

This law also adjusted the excise taxes on fuel, which prompted the inclusion of the social mitigation program to ease the initial impact of the adjustments on the poorest 50 percent of the population.

The UCT fund transferred to LANDBANK totaled P24.488 billion under the 2018 GAA.

Another P30.488 billion and P23.298 billion were transferred to LANDBANK for the UCT program under the 2019 and 2020 General Appropriations Act (GAAs), respectively.

For 2018, the law provided a UCT of P2,400 each for some 10 million targeted households.

For the succeeding years of 2019 and 2020, each beneficiary household received P3,600.

The UCT fund for 2018 of P24.488 billion covered the P24 billion in cash grants for 10 million beneficiaries.

While P22.53 billion in UCT funds were disbursed, LANDBANK said that around P1.47 billion has yet to be distributed because it is still waiting for the submission by the Department of Social Welfare and Development (DSWD) of the remaining payroll files of beneficiaries under the UCT program.

Under the 2019 national budget, the UCT fund amounted to P36.488 billion, of which P6 billion have yet to be downloaded by the Bureau of Treasury (BTr) to LANDBANK, leaving it with P30.488 billion for the implementation of the program.

Of the P30.488 billion, P23.71 billion was released to UCT beneficiaries.

About P6.29 billion in funds have yet to be disbursed, pending the DSWD submission of the beneficiaries’ payroll files.

A total of P5.5 billion of this UCT fund was transferred to the BTr on April 1, 2020, to help fund the government’s COVID-19 response programs, and was returned to the fund on December 29, 2020.

For 2020, the total UCT fund under the GAA was P36.488 billion, of which P13.19 billion have yet to be downloaded to LANDBANK.

LANDBANK said the downloaded sum of P23.3 billion covered the P14.12 billion disbursed so far to UCT beneficiaries in December last year, while P8.9 billion have yet to be released pending the submission by the DSWD of the beneficiaries’ payroll files.

NBI to probe alleged phishing schemes affecting teachers accounts

Robie de Guzman   •   January 27, 2022

MANILA, Philippines – The Department of Justice (DOJ) has ordered the National Bureau of Investigation (NBI) to conduct investigation and case build-up on the alleged phishing schemes targeting bank accounts of some teachers.

Under Department Order No. 012, Justice Secretary Menardo Guevarra directed NBI Officer-in-Charge Eric Distor to look into the alleged scheme victimizing some teachers with LandBank accounts and file appropriate charges against those found responsible for the incident.

He also tasked Distor to submit a report on the progress of the subject investigation and case build-up directly to the Office of the Secretary within 30 days.

Phishing involves the fraudulent practice of sending emails claiming to be from reputable companies to gain access to personal information of individuals, such as passwords and credit card numbers.

The investigation follows reports that some teachers lost as much as P121,000 from their LandBank accounts due to unauthorized transactions.

The LandBank management said it has started investigations into the incident and reached out to affected customers to resolve the issue.

It also advised the public not to click on suspicious links and avoid sharing personal information.

Umano’y phishing scam sa LandBank accounts ng ilang guro, pinaiimbestigahan ng DOJ

Robie de Guzman   •   January 25, 2022

MANILA, Philippines – Tiniyak ng Department of Justice (DOJ) na iniimbestigahan na ng National Bureau of Investigation (NBI) ang napaulat na phishing scheme sa account ng ilang guro sa Land Bank of the Philippines (LandBank).

Sa isang pahayag, sinabi ni Justice Secretary Menardo Guevarra na kasalukuyan nang nagsasagawa ng malawakang imbestigasyon ang NBI sa kaso ng online fraud sa bansa.

“The NBI is already looking into phishing of bank accounts on a broader scale, but I am minded to issue a separate directive to the NBI in the case of the teacher victims,” ani Guevarra.

Una nang sinabi ng Teachers’ Dignity Coalition na may mga natanggap silang ulat na ilang miyembro nila ang nawalan ng pera sa account dahil sa umano’y hindi otorisadong bank transaction.

Ayon sa pinuno ng grupo na si Benjo Basas, 16 na ang natatanggap nilang ulat na nawalan ng pera sa kanilang payroll account matapos umano itong ilipat mula sa kanilang LandBank account papunta sa ibang bangko.

“So far, 16 na po ito, ang common denominator lahat sila ay nawalan ng pera na batay doon sa paggamt ng kanilang online banking apps o system nung LandBank,” ani Basas.

“Ang simula ay ganun lamang po ang pinakamataas lamang po P121,000 from P26,000 ngayon meron ding mas mababa pa, mayroong mga nag-report sa atin na P10,000. Inaayos na po natin ito, nagkaroon na po tayo ng pakikipag-ugnayan sa Department of Education,” dagdag pa niya.

Isa sa mga nawalan ng pera sa LandBank account ay si Crisanto Cruz, isang guro sa Cavite. Aniya, noong Disyembre 30 siya nakatanggap ng notification ukol sa OTP o one-time password sa kanyang cellphone.

“Napansin ko may message, nung tiningnan ko message sa LandBank yung tinatawag nating OTP, one time password, itong OTP pinapadala lang kung mayroon kang online bank system (transaction),” ani Cruz.

“Kinabahan ako kase nakapatay ang computer ko. Ang ginawa ko, meron akong pwedeng mag-check ng balance sa’king cellphone, yun wala na, ubos na yung laman,” dagdag pa niya.

Aniya, P84,000 ang nawala mula sa kanyang account matapos magkaroon ng dalawang hindi otorisadong transaksyon.

Sa isang pahayag, sinabi ng pamunuan ng LandBank na walang nangyaring hacking sa sistema nito at ang napaulat na unauthorized transactions sa ilang account holders nito ay bunsod umano ng phishing scam.

Tiniyak ng bangko na nakikipag-ugnayan na ito sa mga apektadong kliyente.

“The Lank Bank of the Philippines clarifies that it’s systems were not hacked and remain secure, following reports that alleged unauthorized transactions were experienced by two teachers who maintain payroll accounts with LandBank,” ang pahayag nito.

“According to the initial investigation by Landbank, the devices of the teachers were hacked via phishing which compromised their personal information,” dagdag pa nito.

Muli rin itong nagpaalala sa publiko na maging alerto laban sa phishing scam at iba pang uri ng panloloko gamit ang internet. Iwasan ring buksan ang anumang kaduda-dudang link at e-mail na matatanggap, at huwag i-share ang kanilang account at personal information online.

Payo rin ng bangko na agad makipag-ugnayan sa pinakamalapit na branch o kaya ay tumawag sa Landbank customer care hotlines na (02) 8-405-7000 at 1-800-10-405-7000 sakaling makaranas ng hindi otorisadong transaksyon sa kanilang bank account.

Samantala, tiniyak naman ng Department of Education na binubusisi na rin nito ang isyu at nakikipag-ugnayan na sa mga kinauukulan.

LandBank, itinanggi ang umano’y hacking incident sa account ng ilang guro

Robie de Guzman   •   January 25, 2022

MANILA, Philippines – Pinabulaanan ng pamunuan ng Land Bank of the Philippines (LandBank) na na-hack ang kanilang sistema kasunod ng ulat na may nangyaring hindi otorisadong transaksyon sa payroll account ng ilang kliyente nito.

Una nang sinabi ng Teachers Dignity Coalition na may mga miyembro silang nawalan ng pera matapos i-transfer mula sa kanilang LandBank payroll account patungo sa ibang bangko o electronic wallets. Umaabot umano sa P121,000 ang nawalang pera na mula umano sa regular na sahod, holiday bonus at lifetime savings ng mga guro.

Sa isang pahayag, nilinaw ng LandBank na ang sinasabing unauthorized transactions sa account ng ilang guro ay nangyari sa pamamagitan ng phishing scam.

Ang phishing ay isang uri ng iligal na aktibidad na nambibiktima sa pamamagitan ng pagpapadala ng pekeng emails gamit ang pangalan ng mga kilalang kumpanya upang makuha ang personal na impormasyon gaya ng password at credit card number ng isang indibidwal.

Ayon sa LandBank, nakikipag-ugnayan na sila sa apektadong customers upang maresolba ang isyu.

Tiniyak rin ng bangko na isolated lamang ang insidente at nananatiling secured ang account at personal information ng kanilang mga kliyente.

Nagpaalala rin ang LandBank sa mga kliyente nito na maging alerto at huwag basta buksan ang matatanggap nilang email o links na maaaring ipinadala sa kanila ng mga online scammer.

Samantala, tiniyak naman ng Department of Education (DepEd) na nagsasagawa na ito ng sariling imbestigasyon at nakikipag-ugnayan na rin sa Landbank ukol sa isyu.

“While the DepEd Central Office has not received any formal incident reports yet, it is currently validating these claims with its field offices,” ang wika ng DepEd.

“Landbank has already reached out to DepEd and assured that cases on unauthorized withdrawals are properly handled and given utmost attention. DepEd enjoins all of its personnel to immediately inform their respective Divisions, and report any issues to their nearest Landbank branch,” dagdag pa nito.

REACH US

The Philippine Broadcast Hub

UNTV, 915 Barangay Philam,

EDSA, Quezon City M.M. 1104

(+632) 8396-8688 (Tel)

info@untv-newsandrescue.com (General inquiries)

ABOUT UNTV

UNTV is a major TV broadcast network with 24-hour programming. An Ultra High Frequency station with strong brand content that appeal to everyone, UNTV is one of the most trusted and successful Philippine networks that guarantees wholesome and quality viewing experience.