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Baliwag
Baliwag, officially the City of Baliwag (; , Kapampangan: ''Lakanbalen ning Baliwag/Siudad ning Baliwag,'' also spelled as ''Baliuag''), is a component city in the province of Bulacan, Philippines. According to the 2020 census, it has a population of 168,470 people. The name Baliwag, hispanized as ''Baliuag'', is an old Kapampangan word for "untouched." It was founded in 1732 by Augustinian friars and was incorporated by the Spanish Governor-General on May 26, 1733. It was carved out from the town of Quingua (now Plaridel). Through the years of Spanish domination, Baliuag was predominantly agricultural. People had to depend on rice farming for the main source of livelihood. Orchards and ''tumanas'' yielded fruits and vegetables, which were sold in the public market. Commerce and industry also played important contributions to the economy of the people. Buntal hat weaving in Baliwag together with silk weaving popularly known in the world as Thai silk; the manufacturer of ciga ...
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Bulacan
Bulacan, officially the Province of Bulacan (; ; ; ), is a Provinces of the Philippines, province in the Philippines located in the Central Luzon Regions of the Philippines, region. Its capital is the city of Malolos. Bulacan was established on August 15, 1578, and part of the Super regions of the Philippines, Metro Luzon Urban Beltway Super Region. This province is a part of the Greater Manila Area. It has 572 barangays in 20 municipalities and four component cities (Baliwag, Malolos the provincial capital, Meycauayan, and San Jose del Monte the largest city). Bulacan is located immediately north of Metro Manila. Bordering Bulacan are the provinces of Pampanga to the west, Nueva Ecija to the north, Aurora (province), Aurora and Quezon to the east, and Metro Manila and Rizal (province), Rizal to the south. Bulacan also lies on the north-eastern shore of Manila Bay. In the 2020 census, Bulacan had a population of 3,708,890 people, the most populous in Central Luzon and the third ...
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Ferdie Estrella
Ferdinand "Ferdie" Viceo Estrella (born September 5, 1979) is a Filipino politician who is currently serving as mayor of Baliwag, in office since 2016. Previously, he was a Barangay chairman of Poblacion from 2007 until 2016 and the ABC President of the municipality from 2010 until 2016. Early life and education Estrella was born on September 5, 1979, in Bulacan, Philippines. He is the son of businesswoman Sonia Viceo and former Mayor Romeo M. Estrella (January 17, 1943 – March 7, 2019), who served as mayor of Baliwag from 2004 to 2013. Estrella graduated in 2003 from the University of Asia and the Pacific (UA&P) with a degree in Entrepreneurial Management. Political career Estrella began his political career in 2007 as the Barangay chairman of Poblacion, Baliwag. He served in this role until 2016 and was also the ABC President of the municipality from 2010 to 2016. In 2016, Estrella was elected mayor of Baliwag, succeeding Carolina Dellosa. He has since been re-elected ...
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Mariano Ponce
Mariano Ponce y Collantes (; March 22, 1863 – May 23, 1918) commonly known as just Mariano Ponce was a Filipino physician, writer, statesman, and active member of the Propaganda Movement. In Spain, he was among the founders of ''La Solidaridad'' and ''Asociación Hispano-Filipino''. Among his significant works was ''Efemerides Filipinas'', a column on historical events in the Philippines which appeared in ''La Oceania Española'' (1892–1893) and ''El Ideal'' (1911–1912). He wrote ''Ang Wika at Lahi'' (1917), a discussion on the importance of a national language. He also served as Bulacan's representative to the Philippine Assembly from 1909 to 1912. Biography Ponce was born in Baliuag, Bulacan, Baliuag, Bulacan to Mariano Ponce and Maria Collantes. He had six siblings: Vicente, Fransisco, Jacinto, Carmen, Pedro, and Consolacion Ponce. He also completed his primary education in Baliuag. He completed his secondary education at the private school of Juan Evangelista, Hugo ...
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Elections In The Philippines
Elections in the Philippines are of several types. The President of the Philippines, president, Vice President of the Philippines, vice-president, and the Senate of the Philippines, senators are elected for a six-year term, while the House of Representatives of the Philippines, members of the House of Representatives, List of current Philippine governors, governors, vice-governors, Sangguniang Panlalawigan, members of the Sangguniang Panlalawigan (provincial board members), mayors, Deputy mayor, vice-mayors, Sangguniang Panlungsod, members of the Sangguniang Panlungsod/Sangguniang Bayan, members of the Sangguniang Bayan (city/municipal councilors), barangay officials, and the Sangguniang Kabataan, members of the Sangguniang Kabataan (youth councilors) are elected to serve for a three-year term. Congress of the Philippines, Congress has Bicameralism, two chambers. The House of Representatives of the Philippines, House of Representatives has 316 seats since 2022, of which 80% ar ...
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Sangguniang Panlungsod
The Sangguniang Panlungsod (SP) is the local legislature, legislative body of a Philippine city, city government in the Philippines. The name of the legislative body comes from the Filipino language, Filipino words "''sanggunian''" ("council") – ultimately from the root word "''sangguni''" ("to consult") – both of Tagalog language, Tagalog origins, with the latter word also of Kapampangan language, Kapampangan and Old Tagalog origins, and "''lungsod''" ("city") of both Tagalog language, Tagalog ("lungsod" = "city") – but ultimately Visayan language, Bisayan ("lungsod" = town or municipality) – origins; "city council" is therefore often used as an equivalent term in English language, English or Philippine English. Members of the city council are referred to as "''kagawad''"; while in mostly but not only predominantly Bisayan-speaking cities, they are called "''konsehal''" (masc.) and "''konsehala''" (fem.), or "''sehal''". The Local Government Code of 1991 governs the compo ...
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Revenue
In accounting, revenue is the total amount of income generated by the sale of product (business), goods and services related to the primary operations of a business. Commercial revenue may also be referred to as sales or as turnover. Some company, companies receive revenue from interest, royalties, or other fees. This definition is based on International Accounting Standard, IAS 18. "Revenue" may refer to income in general, or it may refer to the amount, in a monetary unit, earned during a period of time, as in "Last year, company X had revenue of $42 million". Profit (accounting), Profits or net income generally imply total revenue minus total expenses in a given period. In accountancy, accounting, revenue is a subsection of the equity section of the balance statement, since it increases equity. It is often referred to as the "top line" due to its position at the very top of the income statement. This is to be contrasted with the "bottom line" which denotes net income (gross reve ...
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Assets
In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetaryThere are different methods of assessing the monetary value of the assets recorded on the Balance Sheet. In some cases, the ''Historical Cost'' is used; such that the value of the asset when it was bought in the past is used as the monetary value. In other instances, the present fair market value of the asset is used to determine the value shown on the balance sheet. value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business. ''Total assets'' can also be called the ''balance sheet total''. Assets can be grouped into two major classes: tangible assets and i ...
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Internal Revenue Allotment
The Internal Revenue Allotment (IRA) is a local government unit’s (LGU) share of revenues from the Philippine national government. Provinces, independent cities, component cities, municipalities, and barangays each get a separate allotment. The allotment is largely based upon the type of government they are and a formula based upon their land area and population. Section 284 of the Local Government Code of the Philippines The Philippines, officially the Republic of the Philippines, is an Archipelagic state, archipelagic country in Southeast Asia. Located in the western Pacific Ocean, it consists of List of islands of the Philippines, 7,641 islands, with a tot ... (RA 7160) sets up the formula for the distribution of the allotment. All or nearly all of the revenue that a local government has to spend comes from their IRA, though some local governments also have additional local sources of revenue such as property taxes and government fees. Typically for municipali ...
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Liability (financial Accounting)
In financial accounting, a liability is a quantity of value that a financial entity owes. More technically, it is value that an entity is expected to deliver in the future to satisfy a present obligation arising from past events. The value delivered to settle a liability may be in the form of assets transferred or services performed. Characteristics A liability is defined by the following characteristics: * Any type of borrowing from persons or banks for improving a business or personal income that is payable during short or long time; * A duty or responsibility to others that entails settlement by future transfer or use of assets, provision of services, or other transaction yielding an economic benefit, at a specified or determinable date, on occurrence of a specified event, or on demand; * A duty or responsibility that obligates the entity to another, leaving it little or no discretion to avoid settlement; and, * A transaction or event obligating the entity that has already occ ...
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Expenditure
An expense is an item requiring an outflow of money, or any form of fortune in general, to another person or group as payment for an item, service, or other category of costs. For a tenant, rent is an expense. For students or parents, tuition is an expense. Buying food, clothing, furniture, or an automobile is often referred to as an expense. An expense is a cost that is "paid" or " remitted", usually in exchange for something of value. Something that seems to cost a great deal is "expensive". Something that seems to cost little is "inexpensive". "Expenses of the table" are expenses for dining, refreshments, a feast, etc. In accounting, ''expense'' is any specific outflow of cash or other valuable assets from a person or company to another person or company. This outflow is generally one side of a trade for products or services that have equal or better current or future value to the buyer than to the seller. Technically, an expense is an event in which a proprietary stake is di ...
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Economy Of The Philippines
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. In 2025, the Philippine economy is estimated to be at ₱28.50 trillion ($497.5 billion), making it the world's List of countries by GDP (nominal), 32nd largest by nominal GDP and Economy of Asia, 9th largest in Asia according to the International Monetary Fund. The Philippine economy is a service-oriented economy, with relatively more modest contributions from the manufacturing and agriculture sectors. It has experienced significant economic growth and transformation in the past, posting one of the highest GDP growth rates in Asia. With an average annual growth rate of around 6 percent since 2010, the country has emerged as one of the fastest-growing economies in the world. The Philippines is a founding member of the United Nations, Association of Southeast Asian Nations, Asia-Pacific Economic Cooperation, East Asia Summit and the World Trade Organ ...
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Meralco
The Manila Electric Company, also known as Meralco (, , stylized in uppercase), is an electric power distribution company in the Philippines. It is Metro Manila's only electric power distributor and holds the power distribution franchise for 39 cities and 72 municipalities, including the whole of Metro Manila and the exurbs that form Mega Manila. The name "Meralco" is an acronym for Manila Electric Railroad and Light Company, which was the company's official name until 1919. History La Electricista Organized in 1891 and beginning operations in late 1900, La Electricista was the first electric company to provide electricity to Manila towards the close of the History of the Philippines (1521-1898), Spanish era. La Electricista had built a central power plant on Calle San Sebastian (now Hidalgo Street) in Quiapo, Manila. On January 17, 1895, its streetlights were turned on for the first time and by 1903, it had about 3,000 electric light customers. Founding of the Manila "Electr ...
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