Connect with us

Hi, what are you looking for?


Filinvest’s FDC Misamis is MisOr’s top real estate taxpayer

Filinvest’s power firm FDC Misamis Power Corporation (FDC Misamis) was hailed and honored anew by the Province of Misamis Oriental as its number one real estate taxpayer for the first three quarters of 2020 in an awarding ceremony held at the Capitol Grounds in Cagayan de Oro City on Monday, December 14, 2020.

The company has been MisOr’s top taxpayer since 2017. For this year, despite the challenges presented by the coronavirus pandemic on its operations, the power firm still diligently paid its obligations remitting over Php 224 million in real property taxes to PHIVIDEC. Of the estimated total taxes paid, Php 51,396,381.30 went to the Province of Misamis Oriental.

Juan Eugenio L. Roxas, the firm’s President, and Chief Executive Officer expressed gratitude to the Provincial Government.

“This is the third year that we have been awarded as the number one taxpayer of the Province, and we are very honored to receive this award.  Paying taxes is our duty in the first place because we are doing business in this Province. It is not the obligation of the Province of Misamis Oriental to recognize us.”

“Such inspires us to pay not only the correct taxes but consistently to pay on time,” said Roxas.

Local officials noted that the taxes collected will fund multiple development programs beneficial to the Province’s citizens, like improving its education system amidst the new normal.

Governor Yevgeny “Bambi” Emano appreciates all taxpayers, even those small business owners, for their commitment to pay their dues, notwithstanding the losses brought about by restrictions during the imposition of community quarantine. However, Emano cited Filinvest and the Gotianun family for their kindness and sustained support to the local government.

Apart from the RPT, the power firm also remitted more than Php 29 million to its host communities under the Energy Regulations (ER) 1-94 Program of the Department of Energy (DOE).

ER 1-94 allows a community hosting an energy generating facility to have access to a financial benefit of one-centavo per kilowatt-hour (P0.01/kWh) of the total electricity sales. Proceeds are allocated to fund various development projects, including anti-COVID-19 initiatives.

As the country combats the coronavirus, the funds released by the power firm were instrumental in ensuring its neighboring communities’ health and safety.

FDC Misamis, a wholly-owned subsidiary of FDC Utilities, Inc., the utilities and infrastructure arm of the Filinvest Development Corporation, operates a 3x135MW circulating fluidized bed coal thermal plant at the PHIVIDEC Industrial Estate in Villanueva town.

The facility was inaugurated by President Rodrigo Duterte and has been vital in the Mindanao grid’s stability since its commercial operations in 2016.

FDC Misamis commits to remain true to its advocacy of developing sustainable communities while providing reliable, cost-effective electricity the region needs to reignite its economy.

“We will not stop by just settling our regulatory obligations; we will continue to be responsible citizens and help in whatever way we can. As they say, charity begins at home,” Roxas concluded.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



STOCKS climbed on Tuesday, snapping a three-day losing streak, as investors remained bullish on the Philippines’ prospects, even with inflation hitting a 14-year high...


THE PESO strengthened versus the dollar on Tuesday despite profit taking after the release of November inflation data that cemented expectations of another rate...


THE PHILIPPINES has detected one more infection involving the highly contagious Omicron subvariant BQ.1, bringing the total to 17, the Health department said on...


THE GOVERNMENT of President Ferdinand R. Marcos, Jr. should do more to protect the families of victims of extralegal killings and prosecute officials for...


AT LEAST P3 billion in public funds was illegally transferred to the Metro Manila Development Authority (MMDA) to finance its free wifi project without...


AN OPPOSITION senator on Tuesday said the proposal to establish a sovereign wealth fund (SWF) is counterproductive, noting that it goes against the nation’s...

You May Also Like


The minute that any question pops into your head, you can simply ask Google. No longer do we have to pour over books and...


Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...


Browsing history makes referring to sites and pages you’ve visited in the past seamless. It’ll help you recall what page you checked out on...


Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.