Sunday, September 18, 2011

LTO No Plate No Travel Policy: New Cars MMDA/Makati

I'm now an owner of shiny new Toyota Innova E 2.g DSL since last week. And since it's new, still has no plate numbers but was able to get home to Quezon City and Makati via San Juan and Mandaluyong, not via EDSA nor C5.

For now, I'm using Toyota Pasong Tamo's delivery receipt valid for 7 days that I need to show to traffic enforces (MMDA or MAPA/MAPSA in makati) or the Land Transportation Office (LTO) or PNP TMG (traffic management group) manning checkpoints.

Note that the seven days validity of conduction sticker is legal only for delivery of your new vehicle from the dealer to your office or residence but due to either laziness of the CASA or the usually slow LTO release of license plates, plate numbers will be released after about 3 to 4 weeks. (conduction sticker can be removed from your car once you have your plate numbers, number coding in makati uses the last digit of your conduction sticker too, i think same in Las Pinas but not sure in Pasig. MMDA tolerates it but also attracts carnappers and carjackers of which QC has lots of)

I've yet to mark the first week of my car's life outside, odometer reading's still around 64 kilometers. I have several post-dated delivery receipts to use after seven days to renew my seven days grace period of "exemption" from the no plate, no travel policy. But i think as long as it's taking a long time, a smart police or traffic enforcer can ask your odometer reading to know if your car's really fresh from the CASA.

I intend to take my Innova to Bolinao, pangasinan next month, I hope to receive my plate number by then so that I don't have to be nervous to pass by NLEX and SCTEX or even SLEX and Startoll.

Violations and fines for new cars without license plates apply plus possible impounding of your new car until you show the LTO registration OR/CR or license plate with stickers.

This No Plate No Travel policy is stupid for the government makes it hard for citizens to use their new cars caused by the inefficiency of the LTO in the quick release of license plates.

Friday, September 16, 2011

MMDA Number Coding Suspended: Transport Strike on September 19

MMDA recently announced that it will suspend the implementation of number coding on Monday, September 19 to enable vehicle owners to use their cars during the planned transport strike.

Note that number coding in Makati is not suspended. There's always no color coding suspension in the Republic of Makati, don't press your luck.

latest news on MMDA Number coding

Sunday, September 11, 2011

LBC Bank Bankruptcy, Under PDIC Receivership

A few months ago there was the "subok na matibay, subok na matatag" in Banco Filipino who closed shop and put under receivership by the Philippine Deposit Insurance Corporation (PDIC), now here's LBC Bank.

I received the latest news of LBC Bank bankrupt and placed under PDIC receivership from trusted contacts in the banking industry. LBC Bank shutdown their system yesterday.

Question: how can LBC bank clients and depositors get their money back?
Answer: Just wait for announcements from PDIC or posted on your LBC Bank branch for announcements. You can get your money back PhP500,000.00/accound holder (not per account) but in excess of 500k, you need to wait and cross your fingers if LBC still has funds left to pay you as the maximum insurance is really PhP500k/depositor.

stay tuned for other LBC Bank news later