{"id":172,"date":"2009-01-13T03:54:46","date_gmt":"2009-01-12T17:54:46","guid":{"rendered":"http:\/\/www.philippinesentinel.org\/?p=172"},"modified":"2009-01-13T03:54:46","modified_gmt":"2009-01-12T17:54:46","slug":"mpc-update-by-dino-crescini","status":"publish","type":"post","link":"https:\/\/www.philippinesentinel.org\/?p=172","title":{"rendered":"MPC Update"},"content":{"rendered":"<p><strong>Rooty Hill, NSW. December 8, 2008<\/strong>. Fr. Renato Paras today declared that the MPC Managers have made a partial payment of $37,000 to Ms. Tess Lopez leaving a balance of $263,000 from the original $300,000 amount owed. He added that the $37,000 came from the buyer of the MPC Rooty Hill property who promised to settle the full amount by January 2009. The original promised settlement date was September 28, 2008.<\/p>\n<p>The Filipino Multi-Purpose Centre (MPC) in Rooty Hill was bought for $750,000, a much lower amount than the original asking price of $1 million. Fr. Paras said that the new MPC property in Schofields has been fully paid at a cost of $1,150,000.<\/p>\n<p><!--more--><\/p>\n<p>From an earlier inquiry, it was learned that the bulk of the payment for the Schofields property came from a loan obtained from Stacks Investment at an interest of rate of 11\u00bd% per annum.<\/p>\n<p>Contrary to popular belief, Fr. Paras was not a party to the loan granted by Ms. Tess Lopez. In his capacity as a Parish Priest, he is not allowed by the Diocese of Parramatta to act as guarantor. But it was through his intercession that Ms. Lopez granted the loan.<\/p>\n<p>Meanwhile, we have no information as to how much money was derived by MPC from the \u201c<em>Kapamilya sa Australia 2008<\/em>\u201d project that was held on 29 November 2008. We can only hope that MPC will practice more transparency and make a public declaration of the amount of money it made. After all, more than $1 million was collected from the Filipino community.<\/p>\n<p>Tickets at the gate of \u201c<em>Kapamilya<\/em>\u201d were sold for $20 per person.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rooty Hill, NSW. December 8, 2008. Fr. Renato Paras today declared that the MPC Managers have made a partial payment of $37,000 to Ms. Tess Lopez leaving a balance of $263,000 from the original $300,000 amount owed. He added that the $37,000 came from the buyer of the MPC Rooty Hill property who promised to [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[14],"tags":[],"_links":{"self":[{"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=\/wp\/v2\/posts\/172"}],"collection":[{"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=172"}],"version-history":[{"count":0,"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=\/wp\/v2\/posts\/172\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.philippinesentinel.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}