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WATCH FOR MANILA STANDARD’S SPECIAL REPORT ON THE ECONOMY September 16, 2019
WEATHER ‘Marilyn’ rains out six flights
‘Stimulating the PH Economy‘
By Rio N. Araja A TROPICAL depression outside the Philippine Area of Responsibility entered the country at 9:30 Turn to A3
VOL. XXXIII • NO. 211 • 3 SECTIONS 16 PAGES • P18 • FRIDAY, SEPTEMBER 13, 2019 • www.manilastandard.net • mst.daydesk@gmail.com
Bilibid hospital rocks with sex, drugs treat ‘Special’ inmates also roll in all-day gambling
By Macon Ramos-Araneta and Joel E. Zurbano
“T
ILAPIA,” a code name for a female prostitute hired for P30,000 a night by highprofile inmates at the New Bilibid Prison, is just one example of how money is made inside the national penitentiary, former Bureau of Corrections officer-in-charge Rafael Ragos said Thursday. Ragos, one of those who had testified against detained Senator Leila de Lima, told a Senate hearing that the prostitutes were brought inside the prison, where they were “enjoyed” by high-profile prisoners. “Dancers, entertainers, after a while they’d become girlfriends, wives. The rate was P30,000 a night,” Ragos said in Filipino. But the moment they stepped out of the NBP, these women were kidnapped by policemen who were in cahoots with some of the inmates.
Ex-DFA chief bares flaws in China oil offer By Rey E. Requejo, MJ Blancaflor and Macon Ramos-Araneta THE Philippines and China can have joint exploration in the country’s exclusive economic zone even without setting aside the Arbitral Award by the Permanent Court of Arbitration in 2016, former Foreign Affairs secretary Albert del Rosario said on Thursday. Del Rosario said President Rodrigo Duterte will not be reneging on his promise to the Filipino people during his October 2016 departure speech for Brunei that he cannot be the “sole authorized agent” to share with the Chinese the country’s EEZ, “which belongs exclusively to the Filipino people.” “We would like to respectfully emphasize that the President has a choice not to set aside the arbitral ruling ‘to come up with an economic activity’ in our EEZ. If a service contract arrangement is followed, where a Chinese company participates either as an equity Next page
STRANGER AND STRANGER. Former BuCor Officer-in-Charge Rafael Ragos (above left) testifies in Thursday’s continuing Senate inquiry into the alleged Good Conduct Time Allowance and hospital pass for sale to some high profile inmates inside the Bureau of Corrections in Muntinlupa City while former Bukidnon Mayor Jose Galario (standing) points to BuCor physician Ursico Cenas as the one who sold a hospital pass to him for P150,000 in connection with the GCTA. Ey Acasio
Gordon on Napoles GCTA roster: Stupid mistake By Macon Ramos-Araneta and Rey E. Requejo THE inclusion of Janet Lim Napoles and Rolito Go in the roster of prisoners that were supposed to be released under the Good Conduct Time Allowance was a “stupid mistake” that uncovered the recklessness of the Bureau of Corrections, Senator Richard Gordon said Thursday.
Gordon’s remarks came after his committees ordered the detention of BuCor documents and records section chief Ramoncito Roque, New Bilibid Prison Hospital medical officer Ursicio Cenas and BuCor legal division chief Frederick Anthony Santos for contempt due to false testimony given in the hearings. Gordon said it did not look like there was a deliberate attempt to free Napoles,
who is on trial for graft and plunder in the multi-billion-peso pork barrel scam. “It’s a stupid mistake. It’s as stupid as puttng former Calauan mayor Antonio Sanchez out of jail,” Gordon said, referring to the near release of the convicted rapist and murderer that sparked public outrage. “Are you going to let Napoles out when we already have this chaos because of Next page Sanchez?” Gordon said.
President Rodrigo Duterte said money changed hands in the release of heinous crime convicts through the Good Conduct Time Allowance Law. “Even if it was allowed, corruption was there. Set aside all the legal infirmities [in the law], corruption was [still] present.”
The kidnappers then demanded ransom for the release of the women, and negotiations for their release happened inside the NBP. Ragos said the lowest ransom paid for a “tilapia” was P200,000, which could go higher depending on the financial capability of the “boyfriend” or “husband.” Ragos said there were many unusual transactions at the Maximum Security Compound. He said convicted drug lord Peter Co frequently received female visitors. “Many visited Peter Co, I didn’t know if they were his girlfriends or wife,” he said. Next page
Espino ambush: Cops hunt down 10 NFA twin orders: By Francisco Tuyay Import rice, hike palay farm price POLICE said Thursday some 10 gunmen were involved in the attempted assassination of former Pangasinan governor Amado Espino Jr. and the killing of one of his security escorts. “Suspects [are] still unidentified and we have counted more or less 10 malefactors responsible for the incident,” Police Col. Rederico Maranan, Pangasinan
police director, said. Philippine National Police Chief Oscar Albayalde reported that Espino was onboard a black Toyota Land Cruiser driven by Agapito Quizon together with Police Staff Sgt. Jayon Malsi with back-up security onboard a black Toyota Innova driven by Anthony Columbino backed by PSSG Richard Esguerra when the suspects fired upon them. Turn to A3
More dead pigs dumped in Marikina By Macon Ramos-Araneta THE Marikina City government on Thursday said it would ask the Department of Agriculture to probe the incident where dead pigs were found floating in Marikina River. Next page
Beware! It’s freaky Friday the 13th today SCARED of Friday the 13th? The date associated with bad luck, haunted houses and that 1980s slasher-film series will be extra spooky this week—it will get a full moon for the first time in six years. Turn to A3
By Othel V. Campos and Rio N. Araja AGRICULTURE Secretary William Dar announced Thursday a directive authorizing the National Food Authority to bring down rice prices to ₱27 per kilo by flooding the market with 3.6 million bags, and raise palay support price to ₱19 from ₱17 per kilo. The said measures were approved by the NFA Council during an emergency meeting on Tuesday. Dar, who chairs the NFA Council, has given NFA Administrator Judy Carol Dansal to dispose of the stocks on or before Oct. 10. When sold at retail price of ₱27 per kilo, the 3.6 million 50-kilogram bags would amount to ₱4.86 billion, which the NFA can readily use to procure palay or paddy rice from farmers. During the meeting, the Council agreed to flood Metro Manila and other markets nationwide with ₱27 per kilo rice using its current stocks stored in NFA warehouses across the country. The ₱2 increase in palay price support could translate to ₱8,000 additional income per farmer, based on current national average yield of 4 tons per hecTurn to A3 tare.
Tugade trusted, Poe ignored by Palace By MJ Blancaflor and Joel E. Zurbano PRESIDENT Rodrigo Duterte will not fire Transportation Secretary Arthur Tugade even as the Palace challenged Senator Grace Poe to name a more qualified traffic czar amid reports that patients die en route to hospitals because ambulances are stuck in traffic gridlock. Presidential Spokesman Salvador Panelo said the President still trusts Tugade despite the unsolved traffic problem in the country’s capital. In a television interview Poe suggested that President Duterte should consider designating an “expert” to solve Metro
Manila’s traffic problem. She added that ‘I think somebody else should take his (Tugade’s) place’, a remark that provoked an angry retort from Tugade who said he would not be moved by the “whims and caprices of misguided politicians.” Poe, continuing her tirade, also compared Tugade to former Department of Transportation and Communications Secretary Emilio Jun Abaya, who, the senator said, was the reason behind former President Benigno Aquino III’s “downfall.” “Former President [Aquino] clung too much to Secretary Abaya, when in fact, Next page
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FRIDAY, SEPTEMBER 13, 2019
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Sedition charges up for decision Palace may ask Dutch gov't to bring Joma home By MJ Blancaflor THE government can ask the Dutch government to send back Communist leader Jose Maria Sison to the Philippines so he can be tried for murder, Malacañang said Thursday. The Palace made the statement after Sison claimed the arrest warrants against him over a 1985 massacre in Leyte were politically motivated. The Manila Regional Trial Court Branch 32 ordered the arrest of Sison and 37 others who were accused in the “Inopacan massacre,” a supposed purge of 300 Communist Party of the Philippines members tagged in various offenses. “He always says that. The problem is there is a warrant, so what he says is moot and academic,” Presidential Spokesman Salvador Panelo told reporters. “They were given the opportunity to rebut the evidence submitted before the court, or prior to that, the preliminary investigation.” Interior Secretary Eduardo Año said Sison must be hallucinating when he claimed that he was absolutely protected in his self-imposed exile in The Netherlands. Año had previously said he had spoken to a deputy ambassador of the European Union to ask that Sison’s status as a refugee in The Netherlands be revoked so the communist leader could be extradited to the Philippines to face the charges against him.
Ex-DFA... From A1
holder or a subcontractor, the President would remain faithful to the Constitution and the arbitral ruling,” Del Rosario said in a statement. “We would like to emphasize that the preservation of our national patrimony, which includes our EEZ, is infinitely more valuable than coming up with an economic activity in the EEZ. The possibility of economic activity in our EEZ is always present; however, when we lose our EEZ, we lose it forever,” the former top diplomat added. Del Rosario’s position coincided with the earlier opinion of Senior Associate Justice Antonio Carpio, who has been a staunch advocate of asserting the country’s sovereign rights over the West Philippine Sea, that an oil and gas exploration in the WPS with China would be constitutional and consistent with the ruling if Beijing participates, with the suggested 60-40 sharing, through a Philippine service contract. “Our EEZ does not belong to China, but belongs to us Filipinos, our children and to generations of Filipinos yet unborn. As enshrined under our Constitution and as a matter of national honor, we Filipinos have a solemn duty to protect and preserve our country’s rights,” Del Rosario said. Beijing and Manila are currently working on a deal to explore energy resources in the country’s exclusive maritime economic zone. Reed Bank, which is within the country’s EEZ under the arbitral ruling but being claimed by China, is said to be among the areas being considered for exploration and development. Reed Bank is vital to Philippine national interest as it is the only replacement for Malampaya, which supplies 40 percent of the energy requirement of Luzon. Carpio has warned that Malampaya will run out of gas in less than 10 years and unless the Philippines develops Reed Bank, Luzon will suffer 10 to 12 hours of brownouts daily 10 years from now and that would devastate the economy. Del Rosario, citing a recent survey, asked the government to heed the sentiments of the people, 87 percent of whom agree that the country “should assert its right to the islands in the West Philippine Sea as stipulated in the 2016 decision of the Permanent Court of Arbitration.” “We are all familiar with China’s continuing unlawful activities. These include preventing our fishermen from pursuing their livelihood in Scarborough Shoal and in our exclusive economic zone, blocking the Philippine development of our natural resources, destroying elements of the marine environment, erecting military facilities, and ridiculously confronting our President with the threat of war,” Del Rosario said. The Palace, meanwhile, said the President will not abandon the Hague decision, after he said Chinese President Xi Jinping offered the Philippines a 60-percent share of the proceeds of a joint exploration venture if the country sets aside the ruling. Presidential Spokesman Salvador Panelo said the government will continue to “peacefully” discuss the arbitral award with China while venturing into an oil and gas exploration under a 60-40 sharing deal.
By Rey E. Requejo
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HE Justice department on Thursday wrapped up its preliminary investigation of the complaint for sedition and other criminal charges against Vice President Leni Robredo and 35 other opposition figures in connection with the alleged plot to oust President Rodrigo Duterte. The department’s prosecutors said the criminal complaints against Robredo and the others were deemed submitted for decision despite the failure of former Magdalo Rep. Gary Alejano and Jonnell Sangalang to submit their counter-affidavits before them on Thursday. Sangalang is reportedly a staff of former Senator Antonio Trillanes IV, who is also a respondent in the case. Assistant State Prosecutor Gino Paolo Santiago, a member of the prosecuting panel, earlier said all the other respondents who failed to submit their counter-affidavits on Sept. 6 would be deemed to have waived their rights
Tax gross income, curb graft—Du30 PRESIDENT Rodrigo Duterte on Thursday called for a shift in tax computation, saying his proposal will curb 70 percent of corruption in the country. Duterte said tax dues should be computed based on gross income, not on net income. “I am challenging everybody. You want to stop corruption especially in BIR [Bureau of Internal Revenue]? We go gross. Leave the net [taxation],” Duterte said in his speech during the inauguration of Bataan government center and business hub. “I guarantee you: If we adopt gross [taxation], there will be no examiners,” Duterte added. Gross income tax is assessed based on income. Meanwhile, net taxes are levied on production less subsidies received and is also paid to government less transfer payments. Net taxes are a simple version of a checkbook balance for governments as they measure the inflows and outflows of the state’s tax activities. Duterte previously said the country should get rid of Customs examiners and brokers to veer away from corruption. MJ Blancaflor
Tugade... From A1
I think, Secretary Abaya is one the reasons that caused his downfall and failure in delivering a lot of what needed to be delivered in the DOTC at that time. Are we having a repeat?” Poe asked. Poe, who chairs the Senate public services committee, said President Rodrigo Duterte should see how effective Tugade is in the job even even if he has his trust. “If you don’t change leadership fast enough for a particular department, then you lose precious time,” she added. “He did not perform and I’m sorry to say. I’m not here to make people look bad. I’m here to present the truth and find the solution,” Poe said, referring to Tugade. Poe said the DOTr failed to present a plan to solve the traffic mess even after the Senate hearing on the matter. “That’s all I’ve been asking for, a traffic plan and a transportation plan which they did not submit,” she said. The DOTr defended Tugade from Poe’s criticism, saying traffic management is not part of the department’s mandate. Panelo, meanwhile, said Poe is free to suggest someone to handle the problem. “Maybe Senator Grace has a person in mind, why don’t she come out with it?” Panelo told reporters. Duterte said Tuesday night he will no longer seek emergency powers and acknowledged his incapacity to solve the daily nightmarish traffic before his term ends in 2022. But Panelo said in a press conference that the President changes his position “when circumstances change.” Last month, the Chief Executive said he would just let EDSA “rot” as he seemed fed up with Poe for apparently hindering government efforts to get funding to fix the traffic problem. Poe, who chairs the Senate committee on public services, has repeatedly rejected calls for emergency powers for the President to solve the heavy traffic. Meanwhile, the DOTr in a statement posted on its Facebook page took exception to Poe’s remarks. In a statement posted on its Facebook page addressed to Poe, the DOTr clarified that Secretary Tugade was designated as the country’s traffic czar in a proposed bill in 2016 which did not push through. “Sana po malinaw. Hindi ‘ho sa naghuhugas ng kamay. Nagsasabi lamang ‘ho ng totoo (We hope it’s clear. We are not washing our hands off the issue. We’re just telling the truth),” the statement read.
to submit their counter-affidavits. However, the panel has allowed detained Senator Leila de Lima and human rights lawyer Jose Manuel Diokno to submit their counter-affidavits on Sept. 9, and Danilo Songco on Sept. 11. The panel of prosecutors, led by Senior Assistant State Prosecutor Olivia Torrevillas, was given 60 days to complete its preliminary hearing. Citing the testimony of witness-respondent Peter Joemel Advincula, the PNP-CIDG filed the complaint of sedition, inciting sedition, cyber libel, libel, estafa, and harboring a criminal and obstruction of justice
Bilibid... From A1
Ragos also said some high-profile inmates would tip police on who to kidnap. He said the release of these victims, which include wealthy Chinese nationals, is negotiated among inmates and the police. Gambling, he said, is another way to make money. He said the BuCor directors are being paid up to P800,000 a month to tolerate gambling inside one building that became a virtual casino. Other money-making schemes included catering, a “welcome gift” to the BuCor director, and the sale of contraband such as wine, cigarettes, cellphones, drugs and even guns. Jovencio Ablen Jr. of the NBI Counter Terrorism Unit confirmed the revelations made by Ragos. He said the illegal activities in the NBP resulted in P300,000 to P500,000 a week earning for top prison officials. Like Ragos, Ablen had also testified on the drug charges filed against De Lima, saying he accompanied Ragos in delivering drug money to the senator when she was still Justice secretary. Earlier, Senator Richard Gordon pressed BuCor Legal Division chief Frederick Anthony Santos about corruption at the NBP, which he initially denied having a knowledge of. He later admitted that everything has a price. He said there are two types of corruption in the bureau—the petty and the large-scale. He cited an instance of petty corruption, in which a “keeper,” or an officer who watches over prisoners in shifts, may spot an inmate drinking or using a cell phone, and be given a bribe of at least P500.
More dead... From A1
As of 2 p.m., there were 16 dead pigs carried away by the current from the site along Bayabas Street in Barangay Nangka. “There is no slaughterhouse or piggery in Marikina. The dead pigs could have been from the upstream of Rizal,” Mayor Marcelino Teodoro said. Citing a report from the City Veterinary Office, Teodoro said one dead pig was found near the statue of “Marikit” at a.m., while another five dead pigs were found trapped in floating garbage at the river. The other pigs are continuously being carried away by the current, with two of these retrieved near Kalumpang Chapel, and have already been buried. On Monday, Agriculture Secretary William Dar said 14 of the 20 blood samples from pigs sent to the United Kingdom for laboratory examination tested positive for the highly contagious African swine fever. The tests were done after reports of the unusual number of pig deaths in backyard farms in the province of Rizal. On Wednesday, three dead pigs were found in an area near a creek in Barangay Bagong Silangan in Quezon City. Reports said the Quezon City Veterinary Office took tissue samples from the carcasses of the animals to be tested for ASF. Last month, Dar has ordered the deployment of local government unit meat inspection services enforcement teams to closely monitor all public and private meat markets and outlets in view of the reported increase in swine mortalities in Bulacan and Rizal provinces. Dar also directed all provincial/city/ municipal veterinary officers to continue implementing precautionary measures to ensure food safety and food security. Such measures include the prohibition of transporting of live animals, meat products, and meat by-products unless accompanied by veterinary health certificate issued by a licensed veterinarian and shipping permit issued by Bureau of Animal Industry and its regional veterinary quarantine offices; and the setting up of quarantine checkpoints in all ingress and egress from their respective provinces and municipalities. They were also ordered to report to the BAI any unusual number of swine mortali-
against the 36 respondents. Advincula, who confessed to being the “Bikoy” in the “Ang Totoong Narcolist Videos”, has accused the respondents, particularly Trillanes and Fr. Albert Alejo, of using him to act as “Bikoy” and the video presentations to allegedly spread lies that President Duterte, the members of his family and some close friends were involved in illegal drugs. The plot to oust Duterte was called “Project Sodoma.” The crime was allegedly committed at the Jesuit Communication Building of the Ateneo de Manila University Compound in Loyola Heights, Quezon City, from February to May 2019. Jesuit priest Alejo denied the allegations made by Advincula against him. “I categorically deny any participation in each of the allegations against me, Alejo said in his counter-affidavit. He denied violating any laws. He said that other than Advincula’s admission and confession, no other evidence was presented that would have proven that the crimes were committed. He also talked about an “unholy alliances” between prisoners and prison guards that form in the context of what he said was an “intense” code of silence. Aside from cellphones, he said prison officials also confiscated illegal drugs and other contraband. NBP Hospital Corrections Technical Chief Inspector Ursicio Cenas denied the existence of a “hospital stay for sale” scheme for inmates, but said some inmates offered money to doctors. He said it was his patient and accuser, former Valencia City, Bukidnon mayor Jose Galario Jr., who insisted that he take the money as gift. Cenas, who was convicted of graft, said many factors affect the reason inmates are not discharged immediately from hospital confinement such as lack of resources. Galario told the Senate hearing that inmates convicted of drug cases stay as long as one month in the hospital under Cenas’ watch in exchange of money. Meanwhile, the police are investigating the stabbing of a BuCor officer by an inmate in the maximum security compound of the NBP. SPD spokesperson Supt. Jenny Tecson identified the victim as Insp. Edgardo Ferrer while the suspect was one Wilson Topic. Earlier reports showed that the suspect was “suffering from schizophrenia.” It also showed that Ferrer got a “superficial stab wound” on his lower torso. The stabbing incident was the latest attack involving BuCor officials amid the ongoing Senate investigation of the controversial Good Conduct Time Allowance and other irregularities in the agency. Late last month, a lone gunman shot and killed 53-year-old Ruperto Traya Jr., a chief administrative officer 3 assigned at Building B of NBP. ties in their respective locality; and educate swine farmers to observe good animal husbandry practices and biosecurity measures such as putting foot baths, regular disinfection of farms, vaccination, and deworming. “All animals brought to the slaughterhouse should be checked for fever and signs of diseased conditions. Diseased animals shall be condemned and properly disposed as per BAI procedures,” he said. In related developments: • Davao Region’s hog farmers have appealed for a concerted effort to protect the region’s livestock industry from the threats of African Swine Fever. “We need the help of everybody to protect the industry,” said Eduardo So, president of the Southern Mindanao Agri Resources Trading Inc. during a media forum on Wednesday here. So, who is also president of the Hog Farmers Association of Davao Region, called on relevant government agencies to make the inspection tighter, especially of meat products coming into the city and to other parts of Mindanao. “We still do not see the urgency of work on the ground and we want that be done as soon as possible considering the fact that our island is free from the ASF and our meat is safe to eat,” he said. Amid the African Swine Flu scare, Senator Cynthia Villar has been pushing for Sustainable Pig Farming among backyard and commercial raisers due to the many benefits it brought to hog-raisers. “Since we started teaching farmers the SPF, many already benefited from low feed cost, good quality meat and a more environment-friendly know-how of raising pigs,” Villar said. The chairperson of the Committee on Agriculture and Food also noted that backyard hog-raising or pig farming is one of the alternative sources of additional income of many farmers because it requires only a small capital. In partnership with the Agricultural Training Institute, the Villar Social Institute for Poverty Alleviation and Governance, has been conducting a training course on SPF in its farm schools in Cavite and Bulacan that benefited raisers coming from the National Capital Region, Southern Luzon, Northern and Central Luzon and the Cordillera Autonomous Region. With PNA
Sayyaf leader's brod slain in Sulu firefight By Francisco Tuyay THE younger brother of an Abu Sayyaf sub-leader was killed while two soldiers were wounded after a firefight between a group of terrorists and security forces in Patikul, Sulu, last Tuesday, the military said Thursday. Lt. Gen. Cirilito Sobejana, head of the Western Mindanao Command, said Nanz Sawadjaan, the younger brother of Hatib Hajan Sawadjaan, was pinned down following an encounter with army troopers in Sitio Tubig Pansol, Langhub village in Patikul around 11:39 a.m. Sobejana said Nanz Sawadjaan, along with 40 Abu Sayyaf members under three senior bandit operatives Almujer Tadah, Ben Tattoh and Apo Mike, were spotted by troopers of the 41st Infantry Battalion. A firefight started and lasted for 20 minutes after, which the militants scampered in different directions, abandoning their temporary encampment that the military eventually overrun. Sobejana said an AK 47 rifle was recovered by the troops at the encounter site. Two soldiers were wounded in the encounter but were in stable condition and recuperating at the Camp Teodulfo Bautista Station Hospital in Jolo town. “Our troops remain persistent in tracking down and neutralizing the remaining terrorists in Sulu,’’ Sobejana said. “The successful operations of our troops are also attributed to the local community who feeds information, directing our troops to the terrorists’ location.” The killing of Sawadjaan’s brother brings to five the relatives of ASG leaders neutralized since 2017 following the relentless operations against the ASG in different parts of Sulu province.
Gordon... From A1
Amid the public outcry, President Rodrigo Duterte stopped the release of Sanchez and sacked BuCor Director Nicanor Faeldon. Napoles is detained at the Women’s Correctional in Mandaluyong City while her trial is ongoing at the Sandiganbayan. The list indicated that Napoles was set for release under the good conduct law— but her listed conviction was rape. Gordon chided BuCor officials for the mistake, saying there was nothing wrong with freeing deserving inmates, but they were releasing prisoners based on the wrong information. Interviewed after the hearing, Gordon acknowledge that there had been an attempt in the past to free Napolies, but this was aborted when the news was leaked, angering the public. He offered no other details, however. Gordon pointed out there were mistakes in 197 names in the BuCor list. “The list you submitted cite the wrong cases, and there are double entries,” addressing the BuCor officials in Filipino. “Almost 10 percent of the records are wrong.” Aside from Napoles and Go, there were similar names in the list. Also, some of the beneficiaries listed were already out of prison. “It was really chaotic, so I asked the Department of Justice for their procedure,” Gordon said. Confronted by Gordon, Roque admitted the list was done in haste for a scheduled press conference in Palawan. Because of this, they did not check the list properly, he said. Gordon blurted out: “What has that got to do with the press conference? You have the list. You should have taken care of the list.” During Thursday’s hearing, BuCor Senior Inspector Mabel Bansil testified that the early release of inmates through the GCTA Law was offered first to highprofile inmates of New Bilibid Prison. Bansil was one of the 30 BuCor officials ordered suspended for six months without pay by the Office of the Ombudsman due to the release of heinous crime convicts under the GCTA Law. The Justice department, meanwhile, said Napoles, who has been convicted of plunder for being the mastermind in the P10-billion pork barrel scam, remains in detained at the Correctional Institute for Women. Justice Undersecretary Markk Perete made the clarification after it was reported that a certain “Janet Lim-Napoles,” who was convicted for rape, was among those released on account of good conduct time allowance law. The inmate was reportedly released in November 2018. “Janet Lim-Napoles has not been released. She remains at the Correctional Institution for Women,” Perete said, in a text message to reporters. Nonetheless, Perete disclosed that they already asked the Bureau of Corrections to explain why there was a certain “Janet Lim Napoles” who was freed last year by virtue of the GCTA Law. More than 280 of the 1,914 heinous crime convicts freed under the GCTA Law have surrendered, records from the Philippine National Police show. With MJ Blancaflor
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FRIDAY, SEPTEMBER 13, 2019 mst.daydesk@gmail.com
430 Chinese nabbed for illegal activities By Vito Barcelo and MJ Blancaflor
US funds P92.3-m project for PH children
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HE Bureau of Immigration and police operatives arrested more than 430 Chinese nationals for telecommunications fraud, illegal gaming operation and for working without working permits in separate operations in Ortigas, Pasig, Zambales and Cebu province. Their arrest was the biggest so far this year as the government strengthens the drive against illegal aliens involved in various illegal activities, including kidnap for ransom and extortion. In Malacañang, Presidential Spokesman Salvador Panelo said the local government of Zambales should take responsibility for the undocumented Chinese who were arrested for illegal dredging in Masinloc town. Panelo said seven undocumented Chinese nationals were arrested for their alleged involvement in illegal dredging. Masinloc acting police commander Maj. Jude Bryan Maguddayao said the Chinese workers failed to present their visas, working permits, and other necessary documents. The illegal foreign workers— hometowns not disclosed—were identified as Shao Shao Chen, Shinu Chen, Xie Yu Hong, Xiu Xiansheng, Zhao Yihung, Gong Yaan, and Jiang Xin. They were apprehended inside two dredging boats found along the municipal shoreline, according to reports. A Filipino identified as Teddy Cabacungan allegedly hired the foreigners, authorities said. The Department of Environment and Natural Resources prohibits dredging operations in the province. BI Commissioner Jaime Morente said the Chinese nationals were jointly arrested by BI Intelligence agents from Manila, with the coordination and assistance of Philippine National Police in the Visayas region and Regional Special Operations Group. Morente said Chinese nationals were charged with violations of the country’s gambling laws and for committing a cybercrime. The BI raided an online gambling den in Ortigas and caught at least 250 Chinese nationals operating online games which caters to Chinese clients in mainland China. The Chinese Embassy in Manila has sought the bureau’s assistance for the arrest of the Chinese, who were all involved in illegal online gambling operations which victimized thousands of Chinese in their homeland, raking up to $US100 million dollars a year in illegal operations. Meanwhile, government agents in Cebu raided a 12-story building in Barangay Mactan, Lapu-Lapu City that housed and illegal offshore online gambling company named Xin Huang Jin Cheng, which led to the arrest of the Chinese nationals working for the firm.
’Marilyn’... From A1
a.m. on Thursday and was named “Marilyn.” But the Philippine Atmospheric, Geophysical and Astronomical Services Administration said “Marilyn” was less likely to make landfall. Still, at least six domestic flights were canceled on Thursday morning due to bad weather, the Manila International Airport Authority said. Those flights included PAL Express (2P) 2557/2558 Manila-Dipolog-Manila, Cebu Pacific (5J) 513/514 Manila-San Jose-Manila, and 5J 196/197 ManilaCauayan-Manila. The center of the tropical depression was estimated 1,335 kilometers east of Casiguran, Aurora. It was moving northwest at 25 kph and packing maximum sustained winds of 55 kilometers per hour near the center and gustiness of up to 70 kph. A trough of “Marilyn” is forecast to bring light to moderate rain and intermittent heavy rain showers over most of Luzon including Metro Manila, the Visayas, the Zamboanga Peninsula, Bangsamoro, Northern Mindanao and Central Mindanao or Soccsksargen. With PNA
LIGHTER NOTES. Visiting Singapore President Halimah Yacob, Davao City Mayor Sara Duterte-Carpio, and Davao City Vice
Mayor Sebastian Duterte (not in photo) share a light moment during the dinner hosted by the mayor at the Marco Polo Davao on Tuesday. Malacañang Photo
Sandiganbayan denies Estrada’s appeal to dismiss By Maricel V. Cruz THE Sandiganbayan has denied the appeal of former Senator Jinggoy Estrada to dismiss the plunder case filed against him in connection with the alleged misuse of the P183 million of his Priority Development Assistance Fund. In a 12-page decision, the Sandiganbayan Fifth Division junked Estrada’s motion for reconsideration on the anti-graft court’s denial of his demurrer to evidence. “It is clear that the main plunderer so to speak is no other than Estrada, having control over his PDAF and without his participation, the whole scheme would not have begun. Estrada’s act of repeatedly making and sending of endorsement letters to the implementing agencies designating the bogus nongovernment organizations as his partner-implementers in relation to his PDAF-funded projects, started the whole PDAF scheme,” the court said.
NFA... From A1
Earlier, Dar secured the commitment of 30 provincial governments to buy palay from their farmers directly. Dar directed Dansol to flood Metro Manila and other markets nationwide with a P27-per-kilo rice using its current stocks stored at the NFA warehouses across the country. The NFA shall also undertake a comparative palay production cost study per region to come up with basis for a more responsive and precise rice and palay pricing policies to be set by its council. The P2 increase in palay price support could translate to an P8,000 additional income per farmer based on current national average yield of four tons per hectare. The Agriculture department is set to forge an agreement with the Department of Social Welfare and Development for a grant of P600 cash to the beneficiaries of its Pantawid Pamilyang Pilipino Program or the conditional cash transfer. Dar said DWSD has the option to buy either from the provincial governments and the NFA, giving farmers an assured market for their produce. During the Council meeting, NFA was also directed to undertake a comparative palay production cost study per region to
Beware!... From A1
As the sun sets today, one of the most well-known full moons―the Harvest Moon―will fill the night sky and possibly bring a little extra bad luck with it, even if farmers generally consider such a lunar occurrence beneficial. Considered an unlucky day in Western superstition, Friday the 13th happens at least once every year but can occur up to three times in the same year. In 2019, it happens twice: Today and on Dec. 13. A Friday the 13th occurs during any month that begins on a Sunday. In 2018, it also occurred twice, in April and July. There will be two Friday the 13ths in 2020 too, while the years 2021 and 2022 will have just one each. The superstition surrounding this day may have arisen in the Middle Ages, originating from the story of Jesus’ last supper and crucifixion, in which there were 13 individuals present in the Upper Room on the 13th of Nisan (Maundy Thursday), the night before his death on
Estrada is facing charges at the antigraft court for the alleged misuse of the P183 million of his Priority Development Assistance Fund. The court earlier denied Estrada’s motion for leave of court to file a demurrer to evidence; that if granted will result in his acquittal without him having to file counter-evidence to that filed by the Ombudsman in filing the case. The court also said “Of all the accused in this case, the participation of Estrada is the most vital, as he served as the spark plug which ignited the complex PDAF scheme. His role is constant and nobody else can play it for him being the custodian of his PDAF, which does not apply to all other accused.” “Upon review of the records of the case, this Court is convinced that the prosecution has established each and every element of the offense charged, through the detailed and spontaneous testimonies of the witnesses, which was corroborated by the testimony of
other witnesses and concretized by the documentary evidence submitted. All these, uncontroverted by defense evidence, are sufficient to convict herein accused,” the Sandiganbayan said. “For failure of both accused to present any exceptional circumstance that would necessitate the court to reverse its earlier ruling, the motions for reconsideration by both accused must necessarily fall. In view thereof, the Motions for Reconsideration are denied for lack of merit,” Sandiganbayan added. The Sandiganbayan has ruled that the Ombudsman’s evidence is strong enough to warrant the holding of the full trial of the case involving allegedly misuse of his PDAF funds. In his motion, Estrada said the Ombudsman failed to prove that he allegedly misappropriated his P183million Priority Development Assistance Fund, or pork barrel, to the fake nongovernment organizations of pork barrel mastermind Janet Lim-Napoles.
come up with basis for a more responsive and precise rice and palay pricing policies to be set by the NFA Council. Meanwhile, millions of rice farmers on Thursday blamed the Rice Tariffication Law or Republic Act No. 11203 for the drop in the prices of palay or unhusked rice to their disadvantage. In an interview, Danilo Ramos, Kilusang Magbubukid ng Pilipinas chairperson, called for the repeal of the law that caused the influx of cheaper imported rice. The rice trade liberalization is slowly killing the lowly farmers and the rice industry itself, he said, adding farmers are getting poorer and poorer. “We went around to see if there was still NFA rice being sold in many markets. We saw none since over a week ago,” he told the Manila Standard. Rice farmers are suffering and are losing a lot of income because of the law, he lamented. Even rice millers are hurting, he said. According to Ramos, while President Rodrigo Duterte “has told the NFA to [directly] buy palay from the farmers,” the law “has removed NFA’s role of palay procurement.” “I have just come from Central Luzon and found out that a kilo of palay is being bought at P6 to P7 compared against the price of ‘darak’ [rice husk] at P12,” he said. “The Rice Tariffication Law must be
repealed. On the other hand, Gabriela Party-list Arlene Brosas has filed House Bill No. 477 or the Rice Industry Development Act of 2019 to protect the both the welfare of the farmers and consumers,” he said. KMP is composed of 65 organizations of local farmers in 15 regions in Luzon, the Visayas and Mindanao, according to Ramos. Silvestre Bonto, National Confederation of Irrigators Association Inc. with over 1.2 million rice farmers, said despite the influx of imported rice, the prices of commercial rice in the market still remain high. “The NCIA is the most affected group since 67 percent to 70 percent of the rice supply come from us,” he told the Manila Standard. He complained that prices of palay would range from P8 per kilo to P12 per kilo. “What is too disappointing is, retailers in the markets or stores sell rice at a high cost,” he said. He partly blamed the retailers for the price increase of commercial rice, saying they sometimes dictate the prices of rice. “Why is this so? A rice retailer sometimes could only sell two sacks of rice a day, or at a maximum of five to 10 sacks a day. How do you expect them to earn for day if they do not raise their prices?” he asked.
Good Friday. This is according to American anthropologist John DellaContrada, who wrote about it in 2004. “When ‘13’ and Friday come together, it is a double whammy,” he said. What sticks with modern minds, however, is the series of 11 movies titled after the date, which also made its “star,” the masked killer Jason Voorhees, a pop culture icon. “The popular horror franchise has taken over a day once steeped in superstition; now it belongs to Jason Voorhees,” wrote Meagan Navarro for the website BloodyDisgusting.com. Nearly 40 years after audiences first glimpsed young Jason at Camp Crystal Lake, fans can’t get enough of Jason, as “Friday the 13th” is the top-grossing horror franchise in the United States. While there is evidence of both Friday and the number 13 being considered unlucky, there is no record of the two items being referred to as especially unlucky in conjunction before the 19th century, according to several experts.
Espino... From A1
Albayalde said Espino suffered a bullet wound at the right side of his stomach and was grazed on his right hand while four others were wounded and taken to the Blessed Doctors Family Hospital in San Carlos City. Esguerra died on the spot. The suspects fled in the direction of Malasiqui town. Albayalde said the vehicles used by the suspects were recovered in Barangay Cobol and Barangay Pasima in San Carlos City. Three M16 rifles were found in one vehicle, a red Hyundai Elantra and two M14 rifles were found in the other, a Ford Everest. PNP spokesman police Col. Bernard Banac said no motive for the attack has been established. In 2016, President Rodrigo Duterte included Espino’s name in a list of narcopoliticians but it was deleted several days later. Albayalde ordered a manhunt against
THE United States government on Thursday launched a P92.3-million project that seeks to strengthen the country’s inclusive education for children with disability. Dubbed as Gabay Project, the initiative will be led by the US Agency for International Development and Resources for the Blind Inc. for three years in targeted areas in Maasin City and the provinces of Batangas, Sorsogon, and Southern Leyte. USAID Mission Director in the Philippines Lawrence Hardy II said the initiative would increase the capacity of service providers and community health workers to detect the needs of children with visual and hearing impairments. One of its goals is also to improve the abilities of teachers in delivering appropriate learning plans for persons with disabilities. “The United States is a strong advocate of disability policies and programs. We believe that people with disabilities have and should have all the same rights as others, including education, health, training and employment,” Hardy said. “As we launch this project today, we look forward to what is to come,” he added.
SC upholds Tallado’s candidacy By Rey Requejo THE Supreme Court has reversed the decision of the Commission on Elections that disqualified Edgardo Tallado from running for governor in Camarines Norte last May 2019 elections. Voting 8-6, the SC en banc granted the petition of Tallado who questioned his disqualification by the COMELEC to run as governor in the 2019 polls. In a decision penned by Chief Justice Lucas Bersamin, the Court overturned the Comelec decision disqualifying Tallado. The decision promulgated last Sept. 10 was concurred in by Associate Justices Diosdado M. Peralta, Alexander G. Gesmundo, Andres B. Reyes, Jr., Jose C. Reyes, Jr., Amy C. LazaroJavier, Henry Jean Paul B. Inting, and Rodil V. Zalameda. Meanwhile, the Court of Appeals issued a temporary restraining order enjoining the Office of the Ombudsman from implementing its decision issued in 2016 barring Nueva Ecija Gov. Aurelio Umali from assuming his post after finding him liable for mishandling his pork barrel fund amounting to P15 million. In a three-page resolution penned by Associate Justice Apolinario Bruselas, Jr., the CA’s Seventh Division granted the petition filed by Umali seeking the issuance of a TRO and/or a writ of preliminary injunction to enjoin the secretary of the Department of the Interior and Local Government from implementing the assailed decision of the Ombudsman pending resolution of his petition for review. the still unidentified assailants. Banac said Albayalde has directed the Police Regional Office (PRO-1) to immediately arrest the suspects, expedite the investigation, and file criminal charges to give justice to the victims. Malacañang on Thursday condemned the ambush. Presidential Spokesman Salvador Panelo assured the public that police are on top of the situation to catch those responsible for the attack on Wednesday afternoon that left PO3 Richard Esguerra dead and five others wounded. “We condemn this felonious act as we believe that any unjustified killing has no place in a civilized society like ours,” Panelo said. House leaders also condemned the attack. House Majority Leader Martin Romualdez of Leyte, Deputy Speakers Luis Raymund Villafuerte of Camarines Sur, Michael Romero of 1-Pacman partylist group, and Raneo Abu of Batangas also urged authorities to bring the perpetrators to justice. MJ Blancaflor, Maricel V. Cruz and PNA
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Opinion
FRIDAY, SEPTEMBER 13, 2019
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BuCor-rupt THE controversy over the Good Conduct Time Allowance racket at the Bureau of Corrections has refused to die down even after the firing of Director Nicanor Faeldon. Aside from this scheme, hospital passes good for one week are also for sale, as was revealed in a Senate inquiry. This attests to Filipino’s ingenuity in making money. One building, according to a prisons official was converted into a virtual casino with women hired for P30,000 to “perform.” Don’t ask me what kind of performance they do, just use your imagination.
The rackets at the national penitentiary attest to the Filipino’s ingenuity in making money. Of In a new development, the Office of the Ombudsman also wants to find out the role of former BuCor director, former Philippine National Police chief, and now Senator Ronald dela Rosa. In a TV interview, an incensed Dela Rosa denied any insinuation that he had been involved in the GCTA racket, claiming he was only at the helm of BuCor for a short time before he ran for the Senate. Adding fuel to the fire, another
Adelle Chua, Editor
EDITORIAL
administration senator, Christopher “Bong” Go, suggested that a killer must be appointed as BuCor director. Isn’t it enough that human rights groups are alleging extra-judicial killings in police operations against illegal drug traffickers? If Bong Go means the BuCor chief must be a killer in that he will be the one to pull the electric chair switch or release the poison pellets for lethal injection of death convicts, then I’m all for it as an advocate of the death penalty’s return. I’m a firm believer that the death penalty would put the fear of God among those who commit heinous crimes such as rape with murder and kidnapping with murder, never mind what the do-gooders and human rights advocates say. Any suspect in such dastardly crimes after all is given a fair trial to prove his innocence. There is also the right to an appeal. re I suggest that our legislators rethink this archaic ban on capital punishment. The United States with its civil libertarians would probably criticize the Philippines if it restores the death penalty. But many states in America like Utah mus have the death penalty like musketry or death by firing squad. In some cases, there is the electric chair and lethal injection.
Public shaming
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HAMING your client-borrowers in public to force them to pay their debt is worse than usury.
dignity.” Such unethical practices, he says, simply have no place in a civilized society and must stop. Hundreds of individuals have trooped to the NPC to complain about the actions of the online lending companies, prompting the agency to launch an investigation. The NPC in its fact-finding reports concluded that the three lending companies had not complied with the legal requirements for processing personal data and that they failed to adhere to the principles of transparency. The erring companies also committed unauthorized processing and malicious disclosure of the personal information of their clients. The agency's report observed that the penalties inflicted on borrowers by the online lenders were abusive. “The public sham-
This practice of three online lending companies did not go unnoticed after the National Privacy Commission found them guilty of publicly shaming their borrowers, and threatened them and their officers with an imprisonment of up to seven years and fines of not more than P5 million under the Data Privacy Act of 2012. Commissioner Raymund Enriquez Liboro noted in the agency's investigation that the online lending companies had made it a business practice to specifically target the privacy of persons, “practically making a profit out of people’s fear of losing face and
ing they carried out has caused anxiety, depression; some have even lost jobs and feel they became unemployable, that their reputation and future was put in jeopardy. The permanence of these damages is disproportionate to the mere delinquency in paying debts, sometimes as low as one thousand pesos,” says Liboro. The Data Privacy Act of 2012 is a legislative action in response to a global economy that is rapidly going digital. It holds companies accountable for the personal data given by their customers, and they should protect those information from third parties. The three online lending companies clearly violated the privacy of their customers. They should be punished and meted out penalties for violating the basic right of their customers.
Game changer On a less grave topic, we welcome the resignation of Gilas and national basketball team head coach Yeng Guiao. It is the only honorable thing to do when your team did not win even a single game in the recent FIBA championships. Perhaps it’s time to name someTurn to A5
Troublesome traffic PROOF positive that officials and personnel of the Metro Manila Development Authority (MMDA) are at their wits’ end on how to untangle traffic congestion in the city, particularly along EDSA, is the recent pronouncement by their spokesperson that they would welcome suggestions or recommendations from the public on how to deal with it, but with the condition that these should be backed up by research or evidence. That raises the question: Why can’t the agency come up with doable solutions themselves, since that’s what they’re being paid for with taxpayers’ money? Or are they simply being incompetent? We see on TV news, for instance, that the MMDA headquarters has a war room with banks of giant monitors for close-circuit television or CCTV showing the traffic situation in key areas of EDSA and other main thoroughfares. We also see their staff seemingly intently watching the CCTV at all times. But for what purpose? Once they see traffic build up in a particular area, they should be getting in touch with traffic enforcers on the ground to untangle the mess. But from where we sit, all the millions of pesos spent for those giant monitors seem to be money down the drain as horrible traffic greets motorists and commuters on a daily basis. Traffic bottlenecks, of course, may be traced to various factors: Vehicle smash-ups that take forever to investigate and unravel, flooding, road repairs, and road diggings by public utilities, among others. But the MMDA has found a convenient excuse for its rank failure to solve traffic congestion: Too many private vehicles on the road. Their solution: The number-coding scheme that seeks to reduce the number of
vehicles running on main roads by at least 20 percent on any given day. But vehicle owners have found a way to circumvent this by simply getting another vehicle as they find public transportation inadequate for their needs. The unified vehicle reduction scheme has been in effect since the 1990s but the traffic situation has not eased. In fact, it has gone from bad to worse in recent years. There’s the suggestion to convert EDSA into a one-way street southbound, with the parallel C5 northbound only. But a traffic expert has shot down this proposal as stupid, since the crossroads that should connect the two thoroughfares should be just as wide as EDSA and C5, with at least 10 to 12 lanes each. Obviously, the proposal by an engineer wasn’t the product of much thought.
The problem cannot be solved by MMDA alone, or in one fell swoop. Another knee-jerk proposal is to expand the number-coding scheme by banning vehicles according to make or brand each day of the week. Thus, Toyotas would be banned from plying EDSA on Monday, Mitsubishis on Tuesdays and so on. This isn’t the product of much thinking either, and seems to be the reason why the MMDA has found it fit to remind the public that they welcome all proposals but please, do the proper research. We can’t really fault the present MMDA for its dismal performance in solving the traffic problem in the city. The agency has come up with various ways to try and keep traffic flowing smoothly. Apart from the numbercoding scheme, the agency has put up exclusive bus lanes and motorcycle lanes; hired more traffic enforcers; moved decisively in removing road obstructions and enforcing the rules Turn to A5
‘Rebel’ women in Saudi shed abaya robes By Anuj Chopra HER high heels clacking on marble tiles, a defiant Saudi woman turned heads and drew gasps as she strutted through a Riyadh mall—without a body-shrouding abaya. The billowy over-garment, usually all-black, is customary public wear for women in the ultra-conservative Islamic kingdom, where it is widely seen as a symbol of piety. Last year, de facto ruler Crown Prince Mohammed bin Salman hinted during an interview with CBS that the dress code may be relaxed, saying the robe was not mandatory in
Islam. But despite his sweeping liberalization drive, the practice continued as no formal edict followed. Some women subsequently mounted a rare social media protest against the restriction, posting pictures of themselves wearing the figure-concealing garment inside out. Despite the risk of provoking archconservatives, many others now leave their cloaks open in the front or wear them in bright colors. Mashael al-Jaloud has taken the cultural rebellion a step further—she stopped wearing the robe. In a stunning sight, the 33-year-old
human resources specialist strolled through a mall in central Riyadh last week wearing nothing but a burnt orange top over baggy trousers. In the crowd, there were audible gasps and arched eyebrows. Women veiled head-to-toe stared askance. Some mistook her for a celebrity. "Are you famous?" asked a woman who sidled up to her. "Are you a model?" Jaloud laughed and said she was a normal Saudi woman. I just want to live Jaloud is one of only a handful of Turn to A5
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Opinion
FRIDAY, SEPTEMBER 13, 2019
FinTech THE last half decade has been a crucial time in Lito Villanueva’s life. He became enamored with fintech (financial technology)—the employment of software and engineering knowhow to enable banks, financial intermediaries, and socalled non-banks to offer lending and other financial services to people who need it most but don’t have access to it. In banking, those who have already the money are the ones offered more money. Bankers, after all, are fair-weather friends. They lend you an umbrella when the weather is fine and take it away when the skies become cloudy and it starts to rain. Such “good banking” practice has meant the vast majority of people, especially in Third World countries, do not have access to banks and their much-desired services. The solution, then? Well, ignore the banks. Do not use their branches. Instead avoid them, as well as their tellers, their tedious and cumbersome “know your client” (KYC) rigmarole. Often, clients endure nonsense for very little money. Fintech ignores the brick-andmortar facilities of banks and minimizes the intervention of humans. The result is speed, efficiency, lower cost, and more people having access to money, with minimum of fuss. It is a great help to small people, the masses (seven of every 10 Filipinos who have no access to banks), and SMEs—small and medium enterprises which comprise 99 percent of firms in the Philippines. The fintech market is huge. Of some 1,634 cities and towns, only 1,101 (67.4 percent) have a bank, leaving 533 towns and cities without a bank presence. Imagine a city or town without a bank. Jesse James would go out of business. In the Philippines, people who receive a remittance from relatives in Manila or abroad, have to spend from P50 to P200 to go to the nearest town where there is a bank to receive that money. Fortunately for the 533 bank-less towns and cities, 465 of them have what is called access points—which can be an offsite ATM machine, a pawnshop, a money lender, a courier service, a microfinance NGO, an e-money agent, and very soon any branch of 7-11, McDonald’s and Jollibee or such establishments with a huge chain and nationwide network. A big help is having a
cellphone because with an iPhone or Android device, cash can be sent and received—wirelessly, seamlessly, without human intervention. If you are serious about your money or you have a business, you might still need a bank. There are 12,378 banks (head office, branches and other offices), up 4.1 percent from a year ago. There are 21,679 ATMs, up 5.4 percent. Notable are the faster-growing branch-lite units of banks, 1,892, up 12 percent from a year ago. Cities and towns with branch-lite number 796, up 9.3 percent, while cities and towns without a regular bank branch but with a branch-lite number 169, up 11.9 percent. From zero in March 2018, there are now 7,816 cash agents—people or firms allowed to handle or dispense cash by the central bank. Significant is the growth in microfinance NGOs—up 9.9 percent, to 2,861.
Fintech ignores the brick-and-mortar facilities of banks and minimizes the intervention of humans.
Such growth may be attributed to the work of people like Lito Villanueva. He has organized the group into what is now the Fintech Alliance—a kind of bankers association for non-bankers. FinTechAlliance.ph is the premier organization of leading digital companies who together have over 80 percent of FinTech-initiated transaction volume. Fintech is actually disruptive banking. It has made the big banks more nimble, aggressive, innovative. Their business, after all, is being threatened. Reacting to the threat the banks are joining the fun. They have organized their own fintech units, lowered their charges and fees, are now more responsive to client needs, are now more relevant. One bank, Union Bank, has put up its own software fintech engineering unit with some 200 of the best and brightest in fintech on board. Union Bank is also issuing its own digital or crypto currency—the first local bank to do so and to be so authorized by the central bank. Union Bank President Edwin Bautista calls the initiative digitalization. Union Bank, in fact, is the country’s first digital bank. Meanwhile, in five years, Villanueva has paved the way for financial symbiosis (“finbiosis”). He first initiated a strategic collaboration with over 40 incumbents to of- biznewsasia@gmail.com
basketball-crazy nation. We can probably do better in such other sports like tennis, swimming and From A4 soccer where height is not a decione like Tim Cone or Norman sive factor. Black as national team coach. Honasan as DICT chief Other countries have foreigners as Former Senator Gregorio “Grinexperienced team coach and they are doing better than the Philip- go” Honasan has been confirmed pines. African and Middle East- by the Commission on Appointern teams with foreign coaches ments as the new secretary of the are doing better now than this Deparment of Information and
BuCor-rupt...
‘Rebel... From A4
women who have abandoned the abaya in recent months. But the trend underscores a bold push for social liberties by young Saudis that may outstrip the monarchy's capacity for change. Manahel al-Otaibi, a 25-yearold activist, has also foregone the garment. "For four months I have been living in Riyadh without an abaya," said Otaibi, walking along Tahlia street, a restaurant-lined thoroughfare, in casual overalls. "I just want to live the way I want, freely and without restrictions. No one should force me to wear some-
fer digital lending, leveraging each other’s strengths, thereby creating a whole new ecosystem of alternate or virtual banking. Villanueva started in the FinTech business as the managing director of FINTQnologies under the PLDT Group. He is among the pioneers that started Voyager Innovations and PayMaya. Last 2018, Voyager sealed a US$225 million-investment from Kohlberg Kravis Roberts & Co. (KKR), Tencent Holdings, International Finance Corp. (IFC), and IFC Emerging Asia. To date, it is the largest sum invested into a Philippine tech company. Lito is the first and only Filipino in the Top 100 FinTech Leaders in Asia. A “FinTech evangelist,” Villanueva is the president of the BSP Governor Nestor A. Espenilla Jr. Institute for Growth towards National Inclusion, Transformation, and Empowerment (IGNITE). Among Lito’s initiatives: • “Uncharted Beyond: The FinFin Tech Taxonomy of the Philippines,” the first jungle guidebook of FinTech practitioners in the country. He identifies six dimensions in classifying FinTechs: 1) dominant technology component, 2) value proposition, 3) delivery channel, 4) customers, 5) revenue stream, and 6) product or service offered. DelvDelv ing deeper, he introduced five FinFin Tech categories in the Philippines. These are 1) payments and remittance services, 2) crowdfunding, 3) lending platforms, 4) alternative trading venue, and 5) insurance and asset management. • Alliance Code of Ethics. Fees and interest rates must be fair, reasonable, and transparent. All members, at all times, must protect the consumer’s right to confidentiality. • TechnoEthics, a white paper on discovering the ethical use of technology, protecting against the misuse of technology, and delivering common principles to guide new advances in technological development and application to benefit society. • INDX: Inclusion and Digital Transformation, an annual FinTech Alliance Summit held at the Bangko Sentral ng Pilipinas attended by various stakeholders. • FIRST: Fintech Identity Registry Sharing Tool, the Philippines’s first shared electronic Know Your Customer (eKYC) national registry initiative to reduce the burden of producing KYC documents. • ASEAN-wide implementation Quick Response (QR) code for payment for greater interoperability promoting efficiency, security and consumer convenience among consumers.
thing I don't want." The abaya, which has existed for thousands of years but only became obligatory in recent decades, is also mandatory for non-Muslim women in the kingdom. The dress code was once fanatically enforced by the now-neutered religious police, and uncovered women still face random harassment in a conservative nation where attire is often associated with chastity. "There are no clear laws, no protection. I might be at risk, might be subjected to assault from religious fanatics because I am without an abaya," Jaloud said. In July, she posted a video on Twitter revealing that another Riyadh mall had stopped her from entering without an abaya.
Communications Technology. The bicameral CA confirmed Honasan the DICT Cabinet portfolio as elementary courtesy to a former colleague. Honasan should be able to do a good job in a field that is presently undergoing challenges. A third telecommunications carrier seeks to break the duopoly of Smart and Globe with their inefficient and costly service.
Reminders of Spain: Names and places Ecija and Vizcaya, and Compostella Valley brings to mind the city in northern Spain with which Santiago de Compostela is associated. No single part of the Philippines can contain more reminders of the ONE hundred and twenty-one years long Spanish presence in this counafter the end of the Revolutionary try than the Quiapo-Sta.Cruz-SamWar against Spain, there remains so paloc area of the city that the Spanish much that reminds Filipinos of that authorities came to characterize as country’s four-centuries-long co- La Mas Leal Ciudad de Manila. The lonial rule over this country. Some streets in the area bear the names of these reminders are edifices and of important and historical Spanish other physical things; others are places, such as the regions of Catalonames and designations. nia, Extremadura, Castilla—altered Some of the names that have re- to Dos Castillas—and Asturias and mained to remind the cities of us of this counAlgeciras and try’s history as a Toledo. Other These remind Spanish colony places in this belong to the men Filipinos of their country with who headed the country’s having been Spanish conSpanish state— nections are the the Kings of a colony of Spain towns named Spain and their for close to four Valencia in Nefamilies. There, centuries. gros Oriental for one, is the and Bukidnon province named and the muafter Queen Isabnicipalities of ela, the female half of the powerful Murcia and Pontevedra (both in Necouple Ferdinand (Fernando) and gros Occidental) and Jaen (in Nueva Isabela, the powerful royal duo that Ecija). sent Magellan on his long voyage of But no place in the Philippines can discovery. Then there is the Cama- be a prouder and more vivid remainrines Norte municipality of Reina der of the four-centuries-long relaMercedes, the consort of one of the tionship between this country and Kings of Spain. A Quezon munici- Spain than the thoroughfare known pality was named Infanta after the to all Filipinos simply as España, eldest daughter of a Spanish mon- the grand eight-lane boulevard that arch. And, of course, there also is runs from Quezon City’s Welcome Palawan’s precious Puerto Princesa, Rotunda to Manila’s Quezon Bouleobviously named after a royal off- vard. The presence of 403-year-old spring. University of Sto. Tomas along EsPerhaps not many cities or towns paña drives home, every day, the were named after the last King of point that once upon a time Spain Spain, but until fairly recently the was a large part of the life of this main street of Dumaguete City was country and that on the whole the Alfonso XIII St. In Manila’s Binondo relationship was felicitous and mudistrict is Reina Regente St., which tually rewarding. was named after the Queen who reigned as Queen during the minor- (ADDENDUM: The following paraity of the future King of Spain. The graph was inadvertently omitted names of certain places—provinces, from my Sept. 10 column: “After a cities, towns and streets—likewise relatively long period of peace with remind Filipinos of their country’s its western neighbor Pakistan, Inhaving been a colony of Spain for dia broke into the headlines with close to four centuries. its withdrawal of the longstanding Besides Isabela, the names of three autonomous status of the disputed other provinces have strong connec- Kashmir region. Economically, Intions with Spain. Nueva Ecija (accent dia continues to fare well, reinforcon the ‘E’) and Nueva Vizcaya were ing its reputation as one of East named after the Spanish regions of Asia’s growth engines.”)
Troublesome... From A4
them from using city streets, given the woeful state of the public transport system in Metro Manila. Perhaps the government should also tell the private sector, especially property developers, to refrain from undertaking more projects, such as big malls, along Edsa and other major thoroughfares, so as not to exacerbate the current traffic mess. And by the way, whatever happened to the plan of the Department of Transportation to field the trains made in Dalian, China, to augment the capacity of MRT 3 along EDSA? I recall that the DoTr said the 48 trains purchased by the previous administration at enormous cost to taxpayers would be up and running by this time after technical issues have been resolved. But what’s holding it up?
against illegal parking; and lately, asked the help of the PNP’s Highway Patrol Group to augment civilian traffic enforcers along EDSA. But the traffic problem cannot be solved by MMDA alone, or in one fell swoop. If Metro traffic has assumed Brobdingnagian proportions requiring draconian measures, it’s because of other factors: Poor long-term planning on the part of government, as it has failed to account for the rapid population growth in Metro Manila that requires huge investment in mass transport systems, such as extensive subway and ground-level railway systems. The MMDA should stop punishing car owners with other ways to keep ernhil@yahoo.com
is still forced to wear an abaya and headscarf to work, or risk losing her job. In a regulation that seems to be arbitrarily enforced, the Saudi labour ministry says on its website that working women are expected to be "modest, well-covered" and should not wear anything "transparent." Prince Mohammed has sought to shake off his country's ultraconservative image by allowing cinemas, mixed-gender concerts and greater freedoms for women, including the right to drive. As part of the liberalisation, the kingdom has invited a host of international musicians to perform, such Not linked to religion as rapper Nicki Minaj, well known Jaloud remains defiant, but she for her skin-baring music videos.
She said she had tried unsuccessfully to persuade its guards by playing Prince Mohammed's television interview, in which he said women were only expected to wear "decent, respectful clothing"—not necessarily an abaya. In response to her post, the mall tweeted that it would not permit entry to "violators of public morals." A Saudi royal also condemned her on Twitter, calling her a publicity seeker and demanding that she be punished for the "provocative" act. Jaloud said she recently faced similar hostility at a Riyadh supermarket, where a fully veiled woman threatened to call the police.
A5
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"[Minaj] is going to shake her backside and all her songs are about sex... and then everyone tells me to wear the abaya," a young Saudi woman fumed in a recent online video that went viral. "What the hell!" Minaj eventually cancelled her visit, citing the kingdom's poor human rights record. But the sentiment encapsulates the tussle between a mostly young population clamouring for greater freedoms and hardliners alarmed by the pace of reforms they see as un-Islamic. But Jaloud argued that the abaya is "not linked to religion." "If it was, Saudi women wouldn't take them off when they go outside the kingdom," she said. AFP
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A6 FRIDAY, SEPTEMBER 13, 2019 Standard Manila
TODAY mst.daydesk@gmail.com
Fund for teachers‘ pay hike found SSS eyes more web users THE state-run Social Security System on Thursday said it eyes to draw more of its members into using its online platforms in transacting with the pension fund as it targets about 32.3 million web transactions by 2020. SSS president and chief executive officer Aurora C. Ignacio said the pension fund will further enhance its electronic service delivery through additional transactions that can be made online and expand payment channels for the convenience of its paying members. “We’re headed towards the direction of making SSS transactions easy and accessible for our members through the utilization of agile technology. We’d like to make sure that through the digitalization of our core service deliveries, we will be able to provide faster, easier, and accessible services for our members. Electronic services are beneficial to both SSS and our members and pensioners. SSS saves on overhead expenses while our members save time, money, and effort when they use our electronic facilities,” Ignacio said during the press conference held in celebration of the 62nd anniversary of the pension fund. SSS data showed that from January to June 2019, out of 37.16 million transactions, 26.63 million or 72 percent were over-the-counter while only 10.54 million or 28 percent were done through electronic channels.
By Macon Ramos-Araneta
S
ENATOR Sherwin Gatchalian on Thursday said he already found the P54 billion needed to fund his bill raising the salaries of teachers by two salary grades. He suggested that the amount can be taken from the P95-billion pork barrel funds that was vetoed by President Rodrigo Duterte from the 2019 budget. “Why don’t we get the P54 billion here to fund the salary increase of our teachers ?” Gatchalian suggested during the first hearing of the Senate Committee on Civil Service, Government Reorganization and Professional Regulation on the proposed salary increases for govern-
ment employees and teachers. The lawmaker was referring to a total of 2,071 projects under the Department of Public Works and Highways worth P95.37 billion that was line-item vetoed by President Rodrigo Duterte from the 2019 General Appropriations Act. “In fact, kailangan nating magpasa ng supplemental budget ngayong taon para magamit ‘yong P95 billion na ‘yon. We can use that amount to increase the
salaries of our teachers,” Gatchalian said. Gatchalian’s Senate Bill No. 178 increases the Salary Grade (SG) of public school teachers currently classified as Teacher I, Teacher II and Teacher III from SG 11, 12, and 13 to SG 13, 14, and 15, respectively. P54 billion is needed to fund the salary increase. Based on the fourth tranche of the Salary Standardization Law, the proposed legislation would increase the salary of Teacher I from P20,754 to P25,232 or a difference of P4,478. Teacher II salaries would increase by P4,817 to P27,755 from the previous P22,938. Meanwhile, Teacher III personnel would receive an increase of P5,299—from P25,232 to P30,531.
BOOK LOVERS’ FAIR. The 40th Manila International Book Fair 2019 which has run for almost four decades now has evolved from an event for the publishing industry and the academe to one of the most-awaited exhibitions for all sorts of readers. The MIBF has become a gathering of sorts for bookworms of all ages and walks of life held at SMX Mall of Asia. Norman Cruz
UP is in Top 500 universities in the world By Rio N. Araja THE University of the Philippines is one of the top 500 universities in the world. As posted on its official website, the UP system said a London-based magazine, “Times Higher Education” (THE) has placed UP in the world’s top 500 universities according to the 2020 THE World University Rankings. The national university is listed in the 401-500 group of 1,396 ranked research universities. “This is UP’s fourth year in the rankings,” UP said. The university was included for the first time in 2017 among the top 1,000. It climbed to the top 800 in the 2018 edition, while it made to the top 600 in 2009 with a marked improvement. THE assesses research-intensive universities based on 13 performance indicators in five areas—teaching (30 percent), research (30 percent), citations (30 percent), international outlook (7.5 percent) and industry income (2.5 percent). For 2020, UP has been ranked 159th in citations which places it in the top 11 percent of prestigious universities that have “influence in spreading new knowledge and ideas.” Its score in citations went up from last year’s 69.1 to 86.9. The examined research influence by capturing the average number of times a university’s published work is cited by scholars globally. This year, bibliometric data supplier Elsevier examined 77.4 million citations to 12.8 million journal articles, article reviews, conference proceedings, books and book chapters published over five years. The data included more than 23,400 academic journals indexed by Elsevier’s Scopus database and all indexed publications between 2014 and 2018.
Plane crash probers to seek Australia’s firm’s help By Joel E. Zurbano THE team investigating the plane crash that killed nine persons in Calamba City in Laguna early this month is sending to a third party firm in Australia the recovered cockpit voice recording device to determine further the cause of the crash. “The aircraft’s cockpit voice recorder, which was retrieved from the crash, will be sent to an Australian third-party firm that will decode the recorder’s contents,” said Eric Apolonio, chief information officer and spokesperson of the Civil Aviation Authority of the Philippines. He said the data that will be gathered from the recorder will help members of the CAAP’s Aircraft Accident Investigation and Inquiry Board in determining what really transpired at the plane minutes before the incident. Apolonio said the investigators also turned over some evidence, documents and personal belongings from the victims retrieved from the crash site to Lion Air, the aircraft operator, last Monday. Among the recovered items include cash money, jewelry, documents, and passports belonging to the victims. Apolonio said last Sunday, the aircraft wreckage has also been transported to the CAAP hangar to the Ninoy Aquino International Airport aviation complex in Pasay City. “This development commence the reconstruction process for the aircraft as investigators continue to probe what caused the accident,” he said.
HK service firm denies charge By Vito Barcelo A HONG KONG based online service firm that bagged the five-year contract to handle an online system for processing, welfare protection and data storage of overseas Filipino workers in Hong Kong denied any anomaly in winning the contract, saying it passed legal process in accordance with Philippine law. The denial was made after Labor Secretary Silvestre Bello III ordered to investigate officials in the Philippine Overseas Labor Office in Hong Kong for awarding a contract to Polaris Tools Ltd, a Hong Kong-based company to handle an online system for overseas placement without public bidding. Polaris Tools Ltd. chief executive officer Jaime Deverall ques-
tioned the DOLE “for conducting an investigation based on baseless allegations in anonymous letters and are influenced by the private, profit-driven organization that is the Lilac Center for Public Interest.” In a statement, Deverall said an investigation was set and supposed to end on Sept. 3. However, 12 days after the investigation was launched, DOLE had still not reached out to Polaris to make a statement. “This seemed strange to me since we were the winning bidders of the bidding process under investigation. I handed a letter to Atty. Philip Paredes at DOLE who is on the investigation committee. The letter basically details our perspective of the bidding process making it clear that it was transparent,” he said.
Notice To The Public
(MS-SEPT. 13, 2019)
Effective September 19, 2019, Smart’s Gadget Shield device insurance service shall be permanently discontinued. Active subscriptions shall remain valid until the end of each subscriber’s current billing period. For Customer Care assistance, please reach the Smart toll-free hotline at *888 using your Smart Postpaid number.
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TODAY
FRIDAY, SEPTEMBER 13, 2019
A7
CLASSIFIED ADS Petitioner and Private Respondent REPUBLIC OF THE PHILIPPINES were married on November 15, 2013 REGIONAL TRIAL COURT at Pasay City, Metro Manila. Their NATIONAL CAPITAL JUDICIAL REGION marriage was registered in the Local BRANCH 114, PASAY CITY Civil Registry of Pasay City. Their marital relationship was unsuccessful IN RE: PETITION FOR and led to Divorce later and have not RECOGNITION OF FOREIGN been blessed with any offspring. On DIVORCE AND DECLARATION September 07, 2016, at the instance OF CAPACITY TO DECREE FROM and insistence of Private Respondent THE UNITED TO REMARRY UNDER HIDEAKI FUJIMOTO, respondent and ARTICLE 26, FAMILY CODE, petitioner were divorced. This divorce was an absolute one and capacitated SP. PROC. CASE NO. the Private Respondent to Remarry, R-PSY-19-01208-CV according to Japanese Laws and Regulations. To date, however, her JERALYN GRUTA ESPECTACION, Divorce with former husband, Private A.K.A. “JERALYN ESPECTACION Respondent HIDEAKI FUJIMOTO, FUJIMOTO”, has not been annotated on their Petitioner, corresponding Certificate of Marriage. -versusFinding the petition sufficient in form LOCAL CIVIL REGISTRAR OF and substance, notice is hereby given PASAY CITY, THE ADMINISTRATOR that the hearing of the petition is reset AND CIVIL REGISTRAR GENERAL on September 26, 2019 at 8:30 a.m. sitting at Room 402, Hall of Justice OF THE PHILIPPINE STATISTICS Building, F.B . Harrison Street, Pasay AUTHORITY AND HIDEAKI City. All parties interested may appear FUJIMOTO, and appear and show cause why the Respondents. x---------------------------------------------x said petition should not be granted. copy of this order be published in AMENDED ORDER Let newspaper of general circulation once A verified Petition for Judicial a week for three consecutive weeks at Recognition of Foreign Divorce and the expense of the petitioner. Declaration of Capacity to Remarry Under Article 26, Family Code was filed Likewise, let copy of this order be by petitioner through counsel, alleging furnished the Office of the Solicitor among others that she is Jeralyn General, the City Prosecutor of this Gruta Espectacion, a.k.a. “Jeralyn Court, the Local Civil Registrar of Espectacion Fujimoto, a Filipino Pasay City and the Civil Registrar citizen of legal age and residing at No. General, Philippine Statistics Office 287 I.Medina St., Pasay City. But for and Hideaki Fujimoto. purposes of this petition petitioner may SO ORDERED. be served with legal processes at her counsel’s address at No. 109 Pasadeña Pasay City, Metro Manila, August St., Pasay City, Metro Manila. Private 29, 2019. Respondent Hideaki Fujimoto is a (Sgd.) RESTITUTO V. MANGALDAN, JR. Japanese national, of legal age, a Acting Presiding Judge resident of Japan, whose last address and permanent domicile in Japan, as RVM/roe/hbb known to the Petitioner, is at 234-1 foreigndivorce (MStandard-Sep. 6, 13 & 20, 2019) Nisikimati Yonago Shi Tottori, Japan.
Manila
Republic of the Philippines Standard REGIONAL TRIAL COURT
TODAY
National Capital Judicial Region Branch 216, Quezon City
PANTALEONA J. CACATIAN, ET.AL., Plaintiffs, versus
CIVIL CASE NO. R-QZN-18-08210-CV For: Specific Performance, Sum of Money and Damages
NOEMI INGALLA, ET. AL., Defendants. x--------------------------------------------------------------x
SUMMONS BY PUBLICATION
WHEREAS, on August 5, 2019, upon motion of plaintiff, through counsel, the Hon. Alfonso C. Ruiz II, Presiding Judge of this Court, issued an Order in the above-entitled case, the dispositive portion of which reads as follows: “Finding the Motion to be well-taken, the said Motion is hereby granted. Let summons be served upon defendant Noemi C. lngalla once in a newspaper of general circulation in the Philippines. Copies of the summons and this Order are likewise ordered sent by registered mail at the last known address of defendant at the expense of the plaintiffs. SO ORDERED.” NOW, THEREFORE, defendant Noemi C. lngalla is hereby summoned and required to file their Answer to the Complaint with the Regional Trial Court, Branch 216, Hall of Justice Bldg., within sixty (60) days from the date of publication of this summons, serving a copy thereof upon plaintiff’s counsel, Atty. Arlyn B. Concepcion-Soresca at Concepcion Soresca & Associates at S2 Silicon Valley Bldg., Sumulong Highway, Antipolo City. In the event of failure to file an answer within the aforestated period, the plaintiff will take judgment against defendant by default and demand from this Court the reliefs prayed for in said Complaint. Let this summons together with the complaint be published at the expense of the plaintiffs, in a newspaper of general circulation in the Philippines. Likewise, the plaintiffs shall, at their expense, deposit a copy of the Order dated August 5, 2019, this summons, as well as the Complaint in the Quezon City Post Office, postage prepaid and registered mail addressed to defendant Noemi C. Ingalla at her last known address at 47-A Rev. V. Garcia Street, Project 4, Quezon City and 5710 NE 75th Avenue Vancouver, WA 98662 USA. Quezon City, Metro Manila, August 8, 2019. (Sgd.) ATTY. LUCITA D. MASANGKAY-CRISTI Clerk of Court V
REPUBLIC OF THE PHILIPPINES REGIONAL TRIAL COURT NATIONAL CAPITAL JUDICIAL REGION QUEZON CITY-BRANCH __ PANTALEONA J. CACATIAN, RUTH AURORA C. PATANAO, ELIHU J. CACATIAN LEONIE C. CHOA, PABLO J. CACATIAN, JR., MA. DOLORES C. BACANI, DULCE C. MEMPIN, DOUEY DANIEL V. CACATIAN; DAWN KIRSTIN V. CACATIAN; NOEL GAVINO J. CACATIAN, MELCHOR J. CACATIAN, PABLITO J. CACATIAN, SAMUEL J. CACATIAN, ALL HEIRS OF PABLO R. CACATIAN, HEREIN REPRESENTED BY SAMUEL J. CACATIAN, Plaintiffs,
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apartment built on the subject property. This was with the intention in mind of having the income derived from such be used for the daily maintenance, sustenance and medical needs of their parents; 11. That, in order to do so, parties, through Defendant NOEMI C. INGALLA, who was then a government employee, applied for a loan with Government Service Insurance System (GSIS for short) using the subject property as collateral; 12. That part of the requirements of GSIS was that the Transfer Certificate of Title No. RT 7169 (87244) should be under the mortgagor’s name; 13. Thus sometime in the same year, parties executed a Deed of Absolute Sale over the 1/4 portion of the property with the parents, PABLO and PANTALEONA CACATIAN as sellers and herein defendant, NOEMI C. INGALLA as buyer; 14. The said 1/4 portion of NOEMI C. INGALLA married to JAIME S. INGALLA now appears in new Transfer Certificate of Title No. 188211 covering the property. The remaining 3/4 portion being in the name of PABLO CACATIAN married to PANTALEONA CACATIAN.3 15. Thus, on July 28, 1998, GSIS approved the loan and released the amount of ONE MILLION EIGHT HUNDRED EIGHTY ONE THOUSAND PESOS (P1,881,000.00)4 for the construction of the seven-unit apartment; 16. The said apartment units were being rented out to tenants; A portion of the proceeds of said rent was used to pay for the monthly amortization of the loan. While another portion for the daily requirements of the Spouses Cacatian; 17. Unfortunately, on December 20, 2012, plaintiff PANTALEONA’s husband, and father to the other plaintiffs, PABLO R. CACATIAN, passed away leaving behind properties, one of which was the property covered by TCT No. 188211 which was used for the loan from GSIS; 18. The parties then executed an Extrajudicial Settlement of the Estate of PABLO R. CACATIAN with Donation, Waiver of Share and Partition5 wherein the plaintiff PANTALEONA waived her share, while the other plaintiffs, RUTH AURORA C. PANTANAO, PABLO J. CACATIAN JR., ELIHU J. CACATIAN, SAMUEL J. CACATIAN, NOEL GAVINO J. CACATIAN, LEONIE C. CHOA and defendant herein NOEMI C. INGALLA effectively adjudicated and divided the property, covered by TCT No. 188211 amongst themselves; 19. The plaintiffs herein went about having the transfer and registration of the said property in their name by paying for all the required local and government taxes such as Transfer Tax 6 and the Estate Tax imposed by the government. On May 25, 2017, a Certificate Authorizing Registration (CAR) was released by the Bureau of Internal Revenue7; 20. Yet, even before the processing of the Estate of the late Pablo Cacatian, the Owner’s Duplicate Copy TCT No. 188211 was released in the year 2017 to Defendant NOEMI C. INGALLA; 21. Thus the loan having been fully paid for and the mortgage having been released Plaintiffs demanded from Defendant NOEMI C. INGALLA the delivery of the Owners’ Duplicate Copy of TCT NO. 188211 so that the Title could be properly registered in accordance with the Extrajudicial Settlement of Estate but she failed and refused and continues to fail and refuse to deliver such;
Bangko Sentral ng Pilipinas (“BSP”) Circular No. 730 dated 20 July 2011and the SEC Memorandum Circular No. 7, Series of 2011. This Notice is issued in view of the numerous queries entertained by the operating department/s of the SEC with regard to the correct computation of the interest rates imposed by Lending Companies (“LCs”) and Financing Companies (“FCs”). MICROFINANCE NGO REGULATORY COUNCIL Memorandum Circular No. 1 Series of 2019 COMPLIANCE OF MICROFINANCE NGOS WITH REPUBLIC ACT NO. 3765 OR THE TRUTH IN LENDING ACT Whereas, Microfinance NGOs (“MF-NGOs”) are considered creditors under the Truth in Lending Act (“TILA”), hence, are required to comply with the provisions thereof; Whereas, to foster consumer protection, enhance loan information transparency and promote the adoption of fair lending practices, the Bangko Sentral ng Pilipinas (“BSP”) issued Circular No. 730, Series of 2011 dated 20 July 2011, which provides updated implementing rules and regulations (“IRR”) of the TILA;
Pasay City
Whereas, Rule 5, Section 7 of the IRR of Republic Act No. 10693 or the Microfinance NGOs Act requires MF-NGOs to comply with the TILA;
ILLUSTRATION 1
Whereas, the social and governance performance standards for MF-NGOs issued by the Microfinance NGO Regulatory Council (“MNRC”) under MNRC Memorandum Circular No. 1, Series of 2018 requires MF-NGOs to abide by the provisions of the TILA; Whereas, on 06 June 2019, the SEC issued a Notice on the Computation of Interest Rates relative to lending and financing companies (“SEC Notice”); NOW THEREFORE, the following are hereby promulgated: 1.
Prior to the consummation of the transaction, a MF-NGO shall furnish each debtor-client a disclosure statement signed by the borrower and attached with the loan documents, setting forth, to the extent applicable, the following information: (a) The principal loan; (b) Rate of loan interest including the effective interest rates (“EIRs”) being applied; (c) Service or processing fee, if any; (d) Amortization schedule; (e) Any penalty charge for late amortization payment; (f) Collection fee, if any; (g) Notarial fee, if any; (h) All other fees in connection with the loan transaction; (i) Description of the collection and lien enforcement procedures; and (j) Illustration of the method of calculating the total amount of obligation in case of default. Without prejudice to the foregoing, the following minimum information, as required under BSP Circular No. 730, s. 2011, shall be disclosed by MF-NGOs to all borrowers: I. II. III. IV.
2.
The total amount to be financed; The finance charges expressed in terms of pesos and centavos; The net proceeds of the loan; and The percentage that the finance charge bears to the total amount to be financed (expressed as a simple annual rate (“SAR”) or an EIR which shall be calculated and disclosed to the borrower as the relevant true cost of the loan comparable to the concept of the SAR. The EIR may also be quoted as a monthly rate in parallel with the quotation of the contractual rate.)
4.
Period Loan Amount Monthly Installment Payments Contractual/Interest Rate (Monthly) Penalty Charges in case of default/late payment on outstanding balance Other Charges (i.e. service charge, processing fee that will be deducted to the loan proceeds) No. of Monthly Installment Loan Proceeds (Loan amount less Other charges)
Amount P100,000.00 9,455.96 (See Annex A)
%
2.00%
(See Annex B)
3.00%
3.00%
3,000.00
12 97,000.00
ANNEX A: Scenario where No Default/Late Payment Computation based on the Contractual/Interest Rate: Installment Period
Gross Loan
Contractual Interest (i=2.00%) (B) = Prior period D *i
Principal (A) = C-B
Outstanding Balance ( D ) = Prior Period D - A
Monthly Installment (C)
P100,000.00 1
100,000.00 7,455.96
2,000.00
9,455.96
92,544.04
76,287.43
CYAN YELLOW BLACK 8,067.80 MAGENTA 1,388.16 9,455.96 84,476.24
2 3
8,188.82
1,267.14
9,455.96
4
8,311.65
1,144.31
9,455.96
67,975.78
5
8,436.32
1,019.64
9,455.96
59,539.45
6
8,562.87
893.09
9,455.96
50,976.59
7
8,691.31
764.65
9,455.96
42,285.28
8
8,821.68
634.28
9,455.96
33,463.59
8,954.01
501.95
9,455.96
24,509.59
The MNRC adopts BSP Circular No. 730, s. 2011 and SEC Notice, which clarifies the computation of interest in relation to the information required to be disclosed in BSP Circular No. 730, s. 2011.
10
9,088.32
367.64
9,455.96
15,421.27
11
9,224.64
231.32
9,455.96
6,196.63
12
9,363.01 103,166.38
92.95 10,305.14
9,455.96 113,471.52
Posters
TOTAL
-
Computation based on the Effective Interest Rate: Installment Period
Gross Loan
Cash Flows Principal ( B ) = A-C Effective Interest (A) 2.499% ( C ) = Prior period D*2.499%
Outstanding Balance ( D ) = (Prior Period D - B)
MF-NGOs shall post in conspicuous places in their principal places of business and branches the information contained in the disclosure statement. The posters shall include an explicit notification that the disclosure statement is a required attachment to the loan contract and that the customer has a right to demand a copy of such disclosure.
0
97,000.00
3,000.00
Penalties
1
-9,455.96
7,031.45
2,424.51
89,968.55
Noncompliance with the provisions of the TILA and this circular shall subject the MF-NGO to the following penalties:
2
-9,455.96
7,207.20
2,248.76
82,761.34
3
-9,455.96
7,387.35
2,068.61
75,373.99
P100,000.00
P100,000.00 97,000.00
a.
First Offense
:
Basic fine of P20,000.00 and P100.00 for each day of continuing violation
4
b.
Second Offense
:
Basic fine of P25,000.00 and P100.00 for each day of continuing violation
-9,455.96
7,571.99
1,883.97
67,802.00
5
-9,455.96
7,761.26
1,694.70
60,040.75
c.
Third Offense
:
Basic fine of P30,000.00 and P100.00 for each day of continuing violation
6
-9,455.96
7,955.25
1,500.71
52,085.50
7
-9,455.96
8,154.09
1,301.87
43,931.41
8
-9,455.96
8,357.90
1,098.06
35,573.51
9
-9,455.96
8,566.80
889.16
27,006.71
10
-9,455.96
8,780.93
675.03
18,225.78
11
-9,455.96
9,000.41
455.55
9,225.37
12
-9,455.96
9,225.37
230.59
100,000.00
16,471.52
d.
Fourth Offense
:
Suspension/revocation of the Certificate of Accreditation from the MNRC
This circular shall take effect fifteen (15) days after its publication in two (2) newspapers of general circulation in the Philippines. Issued this 30 August 2019, Pasay City.
EMILIO B. AQUINO Chairperson
Total
-
Annex “A” 2 Annex “B” 1
Annex “A” Disclosure Form Monthly Installment (C)
=
Principal
÷
=
100,000.00
÷
=
100,000.00
÷
=
(((1+i)^n)-1) (i(1+i)^n) (((1+.015)^12)-1) (.015(1+.015)^12) 10.58
9,455.96
Where: i = Contractual interest n = principal =
Period Loan amount
ANNEX B: Scenario where there is Default/Late Payment Computation based on the Contractual/Interest Rate: (Default on the 5th Installment) Installment Period
Gross Loan
Principal (A) =C-B
Contractual Interest (B) = Prior period D *i
Monthly Installment (C)
Penalty Charges in case of default on outstanding balance
P100,000.00
Outstanding Balance ( D ) = Prior Period D A 100,000.00
1
7,455.96
2,000.00
9,455.96
92,544.04
2
8,067.80
1,388.16
9,455.96
84,476.24
3
8,188.82
1,267.14
9,455.96
76,287.43
4
8,311.65
1,144.31
9,455.96
5 (defaulted)
8,436.32
1,019.64
9,455.96
6
8,532.28
923.68
9,455.96
53,046.45
7
8,660.26
795.70
9,455.96
44,386.19
8
8,790.17
665.79
9,455.96
35,596.02
9
8,922.02
533.94
9,455.96
26,674.00
10
9,055.85
400.11
9,455.96
17,618.15
11
9,191.69
264.27
9,455.96
8,426.46
12
9,329.56
126.40
9,455.96
102,942.37
10,529.14
113,471.52
TOTAL
67,975.78 2,039.27
61,578.73
2,039.27
Computation based on the Effective Interest Rate (Default on the 5th Installment): Installment Period
Gross Loan
Cash Flows Principal ( B ) (A) = A-C
Effective Interest 2.81% (C)= Prior period D*2.81%
Outstanding Balance ( D ) = (Prior Period D - B)
P100,000.00
5. In the alternative, in case defendant failed and refused and still fails and refuses to abide by the lawful Decision of this Honorable Court, or claims TCT No. 188211 to be lost, Plaintiffs pray that the Registry of Deeds of Quezon City be ordered to cancel TCT No. 188211 and issue another one in its stead in accordance with the Extra-Judicial Settlement of the Estate of PABLO R. CACATIAN with Donation, Waiver of Share and Partition duly executed by the parties; Plaintiffs pray for other just and equitable reliefs. Antipolo City for Quezon City - July 20, 2018. CONCEPCION SORESCA & ASSOCIATES Counsel for Plaintiffs S2 Silicon Valley Bldg., Sumulong Highway Antipolo City By:
(MStandard - Sep. 13, 2019)
EFFECTIVE INTEREST CALCULATION MODEL FIXED EQUAL AMORTIZATION SCHEDULE
9
The computation of interest rates by MF-NGOs and the disclosure statements hereinabove required shall be in accordance with BSP Circular No. 730, s. 20111 and the SEC Notice2. 3.
06 June 2019
Computation of Interest Rate
SECOND CAUSE OF ACTION 22. That Defendant Ingalla, despite not having the right to do so and in evident bad faith, started receiving the rent from two of the units, and failed to pay for the rent over her own unit, which as of the filing of this case has already amounted to THREE HUNDRED FIFTY-EIGHT THOUSAND AND THREE HUNDRED PESOS and NINETY-THREE CENTAVOS (P358,300.93); 23. Plaintiffs’ appeal for her to remit the said amounts as these were being used for the maintenance, sustenance and medical needs of their parents, were left unheeded; 24. Thus the services of counsel herein was retained to demand of defendant the delivery of TCT No. 188211 and to remit the rental fees she received amounting to THREE HUNDRED FIFTY-EIGHT THOUSAND AND THREE HUNDRED PESOS and NINETY-THREE CENTAVOS (P358,300.93)8; 25. Still, to no avail. Defendant Ingalla, in evident bad faith, simply refuses to budge and surrender such, despite not having the lawful right over the said document/s, rent nor over the said property; 26 . Then even if this case does not fall under the Katarungang Pambarangay Law, plaintiffs still attempted to submit the conflict to the Katarungang Pambarangay. But this proved futile.9
(Sgd.) ARLYN B. CONCEPCION-SORESCA IBP No.026444 - 1.12.18 - Rizal Chapter PTR NO.6025772 -1.04.18 -Antipolo City FIRST CAUSE OF ACTION ROLL OF ATTORNEYS NO. 38529 9. That Spouses, the late PABLO AND PANTALEONA MCLE No. V - 50012838-12.09.15 CACATIAN, parents of the Plaintiffs and Defendant, are registered owners of property in Quezon City with TCT No. 1 attached hereto as Annexes “A” to “F” ‘ RT 7169 (87244)2 more particularly described as: 2 “A parcel of land (Lot 27, Block 62 of the subdivision copy of TCT No. RT 7169 (87244) attached hereto as Annex “G” plan Psd-57970, being a portion of Lot 5, Pcs-4786, LRC 3 (GLRO) Rec. No. 917), situated in Quirino District, Quezon Certified True Copy of said TCT No. 188211 hereto attached as Annex “H” City. Bounded on the SW., along line 1-2 by Lot 26, Block 4 62; on the NW., along line 2-3 by Lot 42, Block 62; on the copy of Mortgage Contract and Promissory Note with GSIS attached as Annex “I” NE., along line 3-4 by Lot 28, Block 62; on the SE., and E., hereto 5 along lines 4-5-6 by Lot 48, Block 62; on the S.E., along 6 attached hereto as Annex “J” copy of Certification from Quezon City attached as Annex “K” line 6-7 by Road Lot 7; and on the SW., along line 7-1 by 7 Lot 25, Block 62, all of the subdivision plan xxx containing 8 copy of CAR hereto attached as Annex “L” copy of Demand Letter to her address in the Philippines and an area of THREE HUNDRED FORTY FOUR SQUARE METERS AND FORTY SQUARE DECIMETERS (344.40); the United States where she is temporarily residing and LBC tracking hereto attached as Annex “M to M-1, M-2” 10. That sometime in 1998, while PABLO R. CACATIAN, 9 copy of Bgy. Certification hereto attached as Annex “N” was still alive, the family decided to have a seven unit
Should you have any questions regarding the computation of interest rates imposable by LCs and FCs, please contact the Corporate Governance and Finance Department-Monitoring Division of the SEC at telephone numbers 818-5476 or 8189227, or emailimessagemo@sec.gov.ph.
Whereas, for compliance with the provisions of the TILA and to protect the borrowers from the uninformed use of credit, the Securities and Exchange Commission (“SEC”) issued Memorandum Circular No. 7, Series of 2011, which adoptedBSP Circular No. 730, s. 2011 for lending and financing companies, and provided penalties for noncompliance therewith;
THIRD CAUSE OF ACTION 27. To serve as an example to other people similarly minded with herein defendant, the amount P 200,000.00 should be paid -versus by defendant; CIVIL CASE NO.R-QZN 08-08210-CV 28. That by virtue of this unwarranted and malicious refusal FOR: SPECIFIC PERFORMANCE, of the defendant to surrender and abide with their agreement, SUM OF MONEY and DAMAGES Plaintiffs were forced to retain the services of undersigned counsel in the amount of P200,000.00 plus P4000.00 for every NOEMI INGALLA AND court hearing. HON. REGISTRAR OF DEEDS OF QUEZON CITY, PRAYER Defendants. WHEREFORE, premises considered Plaintiffs respectfully x-------------------------------------------- x pray that after due notice and hearing, a Decision be rendered COMPLAINT ordering Defendant Noemi C. Ingalla to: Plaintiffs, through the undersigned counsel and unto this 1. To deliver and surrender the Owner’s Duplicate Certificate of Honorable Court, most respectively state that: Title No. 188211 and other supporting documents in connection with the property, including but not limited to documents 1. That Plaintiffs PANTALEONA J. CACATIAN, PABLO J. evidencing release of the GSIS loan; CACATIAN,JR., PABLITO J. CACATIAN, MA. DOLORES C. BACANI, DULCE C. MEMPIN, DOUEY DANIEL V. 2. To pay the amount of THREE HUNDRED FIFTY-EIGHT CACATIAN, DAWN KIRSTIN V. CACATIAN, ELIHU J. THOUSAND AND THREE HUNDRED PESOS and NINETYCACATIAN and MELCHOR J. CACATIAN are all of legal THREE CENTAVOS (P358,300.93) plus legal interest from the age, citizens of the Philippines, and residents of 47 Rev. V. time she unlawfully acquired said amount; Garcia St., Project 4, Bgy. Milagrosa, Quezon City; 2. That Plaintiff RUTH AURORA C. PATANAO is of legal 3. To serve as an example to other people similarly minded with age, citizen of the United States, married and resident of herein Defendant, the amount P 200,000.00 should likewise be paid by her; 5324 NE 74th Ave., Vancouver Washington 98662; 3. That Plaintiff NOEL GAVINO J. CACATIAN is of legal age, citizen of Canada, married and resident of 9708 160A 4. To pay attorney’s fees in the amount of P200,000.00 plus P4000.00 for every court hearing and costs of suit. Street, Surrey, British Columbia, V4N 3K8, Canada; 4. That Plaintiff LEONIE C. CHOA is of legal age, Filipino citizen, married and resident of 9708 160A St., Surrey, BC, V4N 3K8, Canada; 5. That Plaintiffs are all herein represented by plaintiff Samuel Cacatian, a Filipino, of legal age, and presently residing at 190 Int. Cabrera RD, Sitio Burol, San Juan Taytay Rizal, by virtue of a Special Power of Attorney in his favor as Attorney-in-fact1; 6. While Defendant is also a Filipino, of legal age, with residential address in the Philippines at 47-A Rev. V. Garcia St., Project 4, Quezon City. She also has a home in the United States at 5710 NE 75th Avenue Vancouver, WA 98662 USA. She may be served with summons and other court processes in either/both addresses; 7. Defendant Registrar of Deeds of Quezon City with office address at Office of the Registry of Deeds of Quezon City, Quezon City Hall, Quezon City on the other hand, is joined herein as nominal public defendant in his official capacity; 8. That Plaintiffs and Defendant Ingalla are relatives, being a daughter of plaintiff PANTALEONA CACATIAN and sister/in-law or aunt to the other plaintiffs respectively;
Adopting BSP Memorandum No. M-2011-040 in the case of LCs and FCs, an effective interest rate (“EIR”) calculation model for a loan, founded on established principles of discounted cash flow analysis, should be based on the actual features thereof. Attached herein are some Illustrations/models of common loan features, which are also present as annexes in the BSP memorandum. Moreover, LCs and FCs shall be solely responsible for the propriety and accuracy of its EIR calculation model. However, for purposes of determining compliance with the afore-stated circular, the BSP’s determination of the reasonableness and accuracy of an EIR calculation model shall prevail.
P100,000.00
0
97,000.00
3,000.00
1
-9,455.96
6,734.17
2,721.79
97,000.00 90,265.83
2
-9,455.96
6,923.13
2,532.83
83,342.70
3
-9,455.96
7,117.39
2,338.57
76,225.31
4
-9,455.96
7,317.10
2,138.86
68,908.21
5 (defaulted)
-11,495.23
9,561.69
1,933.54
59,346.52
6
-9,455.96
7,790.71
1,665.25
51,555.81
7
-9,455.96
8,009.32
1,446.64
43,546.49
8
-9,455.96
8,234.06
1,221.90
35,312.43
9
-9,455.96
8,465.10
990.86
26,847.33
10
-9,455.96
8,702.63
753.33
18,144.70
11
-9,455.96
8,946.83
509.13
9,197.87
12
-9,455.96
9,197.87
258.09 -
Total
100,000.00
0.00
18,510.79
Annex “B” NOTICE ON THE COMPUTATION OF INTEREST RATES
Effective Monthly Interest Rate (MIR) (using Excel IRR Function)
=
IRR(F10:F22) = 2.81% 2.80596937%
The Securities and Exchange Commission (“SEC”), in its commitment to foster consumer protection, enhance loan information transparency and promote the adoption of fair lending practices, advises the public to observe the updated rules in implementing the Truth in Lending Act (Republic Act No. 3765), particularly the (MS-SEPT. 13, 2019)
CYAN MAGENTA YELLOW BLACK
Riera U. Mallari, Editor; Reuel Vidal, Assistant Editor sports@thestandard.com.ph; sports_mstandard@yahoo.com
A8
FRIDAY, SEPTEMBER 13, 2019
USA faces Olympic questions after FIBA World Cup debacle
Jaylen Brown of USA goes to the basket against France’s Rudy Gobert during the 2019 FIBA World Cup Quarterfinals at the Dongguan Basketball Center in Dongguan, China. AFP
BWC crown, Indonesian trip disputed today EIGHT male and eight female pintopplers target the national title and a trip to Indonesia today as they figure in the much awaited finals of the 2019 Bowling World Cup at Paeng’s Eastwood Bowl. The men’s field will be led by last year’s champion Merwin Tan and four-time BWC men’s international titlist Paeng Nepomuceno while the ladies’ division will be headed by veteran international campaigner Liza del Rosario and 2017 BWC international queen Krizziah Tabora-Macatula. The other remaining aspirants are Jayson Tubid, Paulo mValdez, Benshir Layoso, Eric Aranez, RJ Bautista, Nicco Olaivar, Rachelle Leon, Mades Arles, Alexis Sy, Dyan Coronacion, Danielle Denise Lazo and Rochelle Munsayac. Competition starts at 10:30 a.m. for both male and female bowlers. With their scores carried over, the eight men’s and ladies quarterfinalists will roll another eight games to determine the semifinal and final contenders in each division. The semis and finals will be best of three matches. The champions will also earn slots in the BWC internationals slated in Palembang, Indonesia this year. The second and third-placers will receive trophies and gift certificates while the others will go home with gift certificates.
Top students clash in PPS National Open PATRICIA Velez and Melanie Dizon and Jeremiah Macias III and Elvin Geluz gear up for a three-weekend duel with the country’s leading and rising junior players in the PPSPEPP Actifit National Students Open, which gets going today (Friday, Sept. 13) at the KCDA Actifit Sports Center in Valenzuela City. Velez, playing out of the Univ. of the Philippines, and Ateneo’s Dizon head the 64-player draw in the ladies division while Macias of Perpetual Help and Lyceum’s Geluz banner the men’s side of the inaugural all-students tournament presented by MCF Global and backed by Kap. Eli Demafelis. Spicing up the women’s cast are Bliss Bayking of National U, La Salle’s Mikaela Vicencio, Carmen So, also of Ateneo, UP’s Nica Alanis. Patricia Lim of UST and Tracy Llamas of Ateneo while joining the hunt in the men’s singles are Lyceum’s Stefano Gurria, Dave Mosqueda of UST, Jude Ceniza of NU, Ateneo’s Gabriel Tiamson and Colegio Agustin’s Jose Antonio Tria. Other titles to be disputed in the event sponsored by Palawan Pawnshop-Palawan Express Pera Padala are the men’s and ladies doubles featuring Geluz and Gurria of Lyceum and UST’s Clarence Cabahug and Dave Mosqueda while Velez is teaming up with Dana Uy for UP and Vicencio and Stefannie Martin heading La Salle’s bid in the distaff side.
Sports
Stags flog Blazers, 83 to 67 By Peter Atencio
A
LLYN Bulanadi, who was given the green light to score at every chance he got, lived up to expectations.
The 6’2” Bulanadi knocked in a career-high 32 points as he led the San Sebastian Stags to an 83-67 stopping of the undermanned College of St. Benilde Blazers yesterday at the FilOil-Flying V Sports Center in San Juan. Bulanadi’s huge effort helped hand the Blazers their fifth straight win in the 95th National Collegiate Athletic Association men’s basketball tournament.
Because of this, the Stags moved up to a three-way tie in second place with their 7-3 win-loss record. And they now share the same card with the Letran Knights and the Lyceum Pirates, keeping the Stags in contention for a Final Four seat. “It’s his last year with the team. I told him na kailangan ay maganda ang paglabas niya whatever happens,” said
HIGHLANDS CUP SPONSOR. Officials of Security Bank and organizing Tagaytay Highlands Ladies Chapter sign the contract making the former as Platinum sponsor of the 14th Highlands Ladies Cup slated Oct. 5 at Tagaytay Midlands Golf Club. They are (from left) Security Bank Foundation chairman Rafael Simpao, Security Bank president/CEO Sanjiv Vohra, THLC president Rosalind Wee and tournament co-chairs Connie Mamaril and Dionne Cu.
Stags’ coach Egay Macaraya. Bulanadi joined hands with RK Ilagan and Alvin Capobres for 22 points in the first period, as the Stags moved out of range, 28-20. The Stags maintained their advantage until the third period where Bulanadi banged in 11 points and powered the Stags to a 68-50 spread. The Blazers, who played without two injured players James Pasturan and Edward Dixon, drew 16 points from Yankee Haruna. They dropped to third at 6-4. In the junior division, Emman Galman struck with 24 points and had 11
LeGARDE Health, Wellness Expo set
LeGARDE’s celebrity endorser Nico Bolzico
2 Filipino archers make finals of Asia Cup PAUL Marton Dela Cruz and Andrea Robles made it into the men’s and women’s compound finals at the Asia Cup Leg 3 last Wednesday in Clark, Pampanga. Dela Cruz, the country’s top bet and is seeded third after the qualification phase, outscored two Australians , 14th seed Hassy Sfar, 145-139, and 6th seed
BEIJING—Deprived of the likes of LeBron James and thrown together at the last minute, a young United States team always looked vulnerable at the Basketball World Cup—and so it proved. USA Basketball’s long winning streak in major competitions stretching back to 2006—which yielded three Olympic golds and two world titles—came to a juddering halt against France on Wednesday. The 89-79 quarter-finals loss in China means the USA will now have to play fellow fallen title favourites Serbia in a virtually meaningless classification game later Thursday. With the defending Olympic champions already qualified for Tokyo 2020, the debacle in Dongguan, China will likely raise pressure on the USA to lock in big stars for next year or risk missing out on Games gold. “Obviously if you’re going to listen to all that stuff, then you’re going to have a lot of problems at the end of the day,” the Brooklyn Nets’ Joe Harris said of the inevitable talk about the lack of NBA A-listers. “For us, we try to keep everything internal. We know how much work we put in. “We know how much each guy sacrificed to come and spend 39 days away from home right now.” From the outside, Wednesday’s loss by the reigning Olympic and world champions looks like a shock. But the writing had been on the wall even before the World Cup began. Numerous elite players either opted out or were injured, among them James, Stephen Curry, Kevin Durant and Anthony Davis. AFP
Jersey Liu, 146-141, before besting second seed Sharizan Jafar of Malaysia, 146-143 in the semifinals. He will now seed the gold medal when the 2014 Asian Games bronze medallist takes on top seed Mohd Juwaldi Mazuki, who is part of the 2017 Southeast Games team champion Malaysia .
Mazuki earlier eased out national bet Johan Olano, 149-142, his teammate Zulfadhil Rualan and fourth seed Sirapop Chainak of Thailand. His entry into the semifinals also gave De la Cruz a chance to seek a repeat of his individual gold medal win last year. Peter Atencio
rebounds in leading the University of Perpetual Help Junior Altas to a 93-88 triumph over the Lyceum Junior Pirates. Comebacking Edsel Galoy, who just returned from a nose injury, tallied 20 points for the Junior Altas, as they joined the Arellano Braves, the Jose Rizal University Light Bombers and the Staglers in fourth with their 5-5 slate. The Junior Pirates, with John Barba showing the way with 32 points, remained in second at 7-4. The San Sebastian Staglets, behind Nikko Aguilar and Kim Bulasa with 17 and points, waylaid the third-running La Salle Green Hills, 90-86.
TO A crowd of journalists, celebrities, and health and fitness advocates, McGraw Pharma Inc., one of the country’s most trusted pharmaceutical companies formally introduced its newest addition in their growing healthcare product portfolio, LeGARDE. The LeGARDE Health and Wellness Expo, which took place last Sept. 6 to 8 at the Globe Ampitheater, Bonifacio Global City, successfully launched LeGARDE—an L-Carnitine supplement made with Carnipure and Licaps® fusion technology. An event created to satiate today’s active lifestyle trend, the expo featured four pillars: Sweat, Feed, Extend, Unwind, in partnership with various merchants such as Spartan Race Philippines, ECHOstore, Diet Diva, FlexFit, and Sun’s Out Fitness. During the event, guests were able to experience different activities with other energy enthusiasts like Katarina Rodriguez, Ben Wintle, Aubrey Miles, Charles Tiu, and Patty Laurel. “Multitasking is a thing nowadays. You can be a corporate guy in the morning and a DJ by night. But the motivation to commit in all these things can be as elusive as the energy to do it all. And I can’t think of a better time to jumpstart your journey to better energy optimization than today,” says Jonathan Sibulo, President of McGraw Pharma Inc. The expo also shed light on L-Carnitine and how it works in your body. “L-Carnitine occurs naturally in your body. It plays an important role in converting stored fat into a source of usable energy. Carnipure is a grade of L-Carnitine that is highly versatile and used in a wide range of different applications, and LeGARDE has it in Licaps® fusion technology,” he adds.
Jaraula shows up Bayron, leads by a shot CAGAYAN de Oro—Reymon Jaraula matched his opening round 66 with another solid six-under par card in overcast skies as he outdueled fancied Jay Bayron in their spirited hunt for birdies to seize control by one after 36 holes of the ICTSI Pueblo de Oro Championship here yesterday. As erstwhile leader Guido Van der Valk finished with flourish at the front to save a 70 in one of the late flights, Jaraula and Bayron slugged it out shot-for-shot and putt-for-putt for the second straight day with the rising Del Monte star coming out a bit better with another pair of 33s to stay unscathed for two days and go one-up on the veteran Davaoeño shotmaker
Reymon Jaraula
with a 12-under 132 total. Bayron, who gunned down two eagles to match Jaraula’s first 66 with birdies on Nos. 2, 3, 8, 11, 12 and 17, also shot six birdies but bogeyed the tough par-4 No. 15 for the second straight day to settle for a 67 and remain at second at 133. “Magaling talaga (He’s really good),” said Bayron of the 27-year-old Jaraula, whom he’d play with for the third straight today (Friday) and possibly up to the final round of the P2.5 million tournament sponsored by ICTSI fast shaping up to be a two-man affair.
IN BRIEF
Group slams NAIA rehabilitation offer
A NON-GOVERNMENT organization expressed its opposition to the proposal of the NAIA Consortium to rehabilitate and develop the Ninoy Aquino International Airport, alleging that the project would be grossly disadvantageous to the government. The National Economic Protectionism Association said in a letter to Transportation Secretary Arthur Tugade dated Sept. 3 the “award of the concession for the Ninoy Aquino International Airport rehabilitation project may subject the officials of the three agencies to plunder charges for causing undue injury to the government and for entering into a contract that is manifestly and grossly disadvantageous to the government.” NEPA was referring to Manila International Airport Authority, the National Economic and Development Authority and the DOTr. The MIAA previously granted an original proponent status to a consortium composed of the Ayala Corporation, Metro Pacific, Asia’s Emerging Dragon, Aboitiz InfraCapital, Alliance Global, JG Summit and Filinvest. “The grant of an OPS was illegal because the NAIA rehabilitation project does not introduce any new technology, and merely consists of the expansion of existing terminals, the introduction of commercial spaces, the introduction of vehicles that will ferry people from one terminal to another, and the improvement of airside infrastructure such as taxiways and aprons,” NEPA said. Darwin G. Amojelar
Business
Pag-IBIG loyalty card now in Cebu
Pag-IBIG Fund is launching the new and improved version of the popular Pag-IBIG Loyalty Card in Cebu and making it available in more areas in the Visayas. Pag-IBIG Fund chief executive Acmad Rizaldy Moti unveiled on Monday the new Pag-IBIG Loyalty Card Plus in an event in Cebu City. “The new and improved Pag-IBIG Loyalty Card Plus can now be used as a cash card. Now, our borrowers can receive the proceeds of their multi-purpose loans, MP2 dividends and other benefits through the Loyalty Card Plus. This is in line with the call of President Duterte for government to use electronic means to make transactions easier and faster,” Moti said. “And as always, cardholders will still enjoy the rewards and big discounts from our more than 300 partner establishments. With discounts ranging from 5 to 50 percent, cardholders can save on groceries, fuel, tuition fees, hospital bills, medicines, and even restaurant and travel expenses,” Moti said. He said the Loyalty Card Plus could also be used as a debit card for cashless transactions and is equipped with an EMV chip―the same technology used in debit and credit cards―to ensure the security of transactions.
FRIDAY, SEPTEMBER 13, 2019
B1
By Othel V. Campos
AWARD OF EXCELLENCE. The BDO corporate communications team, led by senior assistant vice president Honey Reyes (second from left) and composed of (from left) Ana Marie Tanglao, Carlo Leo Manuel and Lionel Albert Lopez-Dee, receives the award of excellence trophy on behalf of BDO Unibank during the 17th Philippine Quill Awards of the International Association of Business Communicators Philippines on Aug. 30 at Manila Marriott Hotel. The bank received the award for a TV documentary that tackled its ‘We Find Ways’ philosophy and how it transformed the lives of Filipinos and contributed to nation-building.
Creditor banks in talks with a buyer of Hanjin T By Darwin G. Amojelar
HE creditor banks of Hanjin Heavy Industries and Construction Philippines have found a buyer for the highly-indebted shipbuilder which stopped operations in Zambales province early this year, according to the Subic Bay Metropolitan Authority. SBMA chairman Wilma Eisma said the bank creditors of Hanjin were finalizing the negotiations with “an entity” to take over the Korean shipbuilder. “The creditor banks are the ones leading the negotiation for Hanjin. As we speak, they are now in what they call an exclusivity discussion with a particular entity already and the hope is that they’ll be able to finish discussion by the end of October and by December what will be the outcome path for the Hanjin to take,” Eisma told reporters
during the groundbreaking ceremony for the Subic Freeport Expressway expansion project. “Right now, the only thing that I can tell you is that there are more than one foreign company that is actually in discussions with the creditor banks and Filipino companies are also very interested,” she said. Hanjin, the biggest foreign investor in Subic Bay Freeport Zone, filed in January this year a petition with the Regional Trial Court in Olongapo City to initiate voluntary rehabilitation under
Republic Act No. 10142, otherwise known as “An Act Providing for the Rehabilitation or Liquidation of Financially Distressed Enterprises and Individuals”. The company owes some $400 million in outstanding loans to Philippine banks on top of another $900 million to Korean lenders. Local banks with exposure to Hanjin include BDO Unibank Inc. Metropolitan Bank & Trust Co., Land Bank of the Philippines, Bank of the Philippine Islands and Rizal Commercial Banking Corp. HHIC-Phil, which has focused on building high-value vessels, was established in 2006 as a subsidiary of Hanjin Heavy Industries & Construction Co. Ltd., a multinational company that provides shipbuilding, construction and plant services. The company reportedly laid off 7,000 workers in December 2018.
AUTOMOTIVE sales declined 2.4 percent in August to 29,599 units from 30,313 units a year ago, two industry groups said Thursday. The Chamber of Automotive Manufacturers of the Philippines Inc. and the Truck Manufacturers Association said in a joint report the August sales also dropped by 7 percent from 31,810 units in July. “Supply constraints and the run out of outgoing models of some brands have hampered the industry’s rate of recovery in August. Together with that, the reality of the seasonal trends in the industry continue to hold true despite the boosted sales and marketing campaigns during the offpeak month of August,” said CAMPI president Rommel Gutierrez. August is traditionally considered a ghost month when most automotive companies expect flat if not lower sales. “Traditionally, August has been a challenging month for the industry. However, we expect a positive turnaround this September until the last quarter of the year as the industry introduces new car models along with more innovative and value-laden offers for car buyers,” Gutierrez said. Passenger car sales rose 1.2 percent in August to 8,781 units from 8,678 units in the same month last year. The figure, however, was down 6.6 percent from 9,397 units in July. Sales of commercial vehicles went down by 3.8 percent in August 2019 to 20,818 units from 21,635 units in August 2018 and by 7.1 percent from 19,397 units in July. Data showed that despite the slower sales in August, total vehicle sales in the first eight months increased 2.4 percent to 235,544 units from 229,941 units in the same period last year. Passenger car sales from January to August went down by 1.5 percent to 70,596 units from 71,637 units in the same period in 2019 while commercial vehicle sales increased by 4.2 percent to 164,948 units from 158,304 units. Toyota Motor Corp. led the market with 40.31-percent market share while Mitsubishi Motors Philippines Corp. had 16.89 percent.
Aboitiz Power eyes expansion of wind project in Vietnam
Subic Expressway breaks ground on expansion project NLEX Corp. on Thursday broke ground on the P1.6-billion capacity expansion of the 8.2-kilometer Subic Freeport Expressway to improve traffic safety and ease travel time to and from Subic Bay Freeport Zone. “One of the key drivers of economic growth is a network of high-quality roads. The NLEX Corp. through NLEX, SCTEX [Subic-Clark-Tarlac Expressway] and the soon-to-be expanded SFEX not only intends to accelerate development but also hopes to encourage travel convenience and road safety,” NLEX president and general manager J. Luigi Bautista said. The SFEX capacity expansion project involves the construction of two additional expressway lanes, two new bridges at Jadjad and Argonaut and a new tunnel. This will increase road capacity from one lane in each direction to two lanes in each direction. The new bridges and a tunnel will be constructed parallel to the existing ones. The new tunnel resembles a horseshoe that will provide structural stability against earth pressure. It also involves the installation of expressway-standard LED lights as a part of the tollway company’s efforts to improve motorists’ visibility when driving at night; the raising of Maritan Highway-Rizal Highway-Tipo Road junction; and the enhancement of the drainage system to help alleviate flooding in the area. Target for completion by September 2020, the SFEX Capacity Expansion is seen to enhance accessibility and promote travel efficiency on the key road that connects Bataan and Zambales. It is also expected to boost Subic’s competitiveness in trade and tourism industries. Darwin G. Amojelar
business@manilastandard.net extrastory2000@gmail.com
Vehicle sales down 2.4% in August, group reports
Oil imports dipped 8.3% in six months
THE country’s oil imports declined 8.3 percent in the first half to $6.053 billion from $6.597 billion a year ago on the combined effects of lower import cost and decreased volume of crude shipments. Data showed the net oil import bill, which deducts exports from imports, also fell 5.6 percent in the six-month period to $5.633 billion from $5.966 billion in the same period last year. The oil import cost came from finished products at 33.6 percent and crude oil at 66.4 percent. Total import of crude oil went down by 32 percent to $2.033 billion from $2.993 billion as the cost of freight price per barrel eased to $66.267 from $69.993. Meanwhile, total product import cost went up by 11.5 percent to $4.019 billion at an average CIF cost of $69.903 per barrel compared to $3.60 billion at an average CIF cost of $74.89 per barrel last year. The country’s petroleum exports earnings also fell 33.4 percent in the first half to $420 million from $630.4 million last year. Alena Mae S. Flores
Ray S. Eñano, Editor Roderick T. dela Cruz, Assistant Editor
By Alena Mae S. Flores
INDUSTRY CERTIFICATION. Globe Business, the enterprise arm of Globe, receives the Payment Card Industry Data Security Standard compliance certification version 3.2.1 for its Makati, Cavite, Cebu and Davao data centers, assuring its enterprise clients of the company’s commitment to maintain confidentiality of all information that it stores, processes and transmits. Receiving the certification are (from left) Globe Business product management director JD Montelibano, Globe core network and facilities management director Ronald David, Globe chief technical advisor Robert Tan, Globe network technical group operations senior vice president Peter Tan, Globe Business support services director Zarina Agorilla and Globe Business IT support center manager Jerome Castro.
Meralco awards 1,200-MW supply deals to Ayala, SMC units MANILA Electric Co. issued the notice of award to the three best bids offered by Phinma Energy Corp., San Miguel Energy Corp. and South Premiere Power Corp. for the supply of 1,200 megawatts effective Dec. 26. Meralco successfully held on Sept. 9 the competitive selection process or public bidding for the supply of the 1,200-MW baseload power requirement from Dec. 26, 2019 to Dec. 25, 2029. “The winning bidders were issued respective notices of award after having passed the post-qualification evaluation. The respective power supply agreements are still subject to the approval of the Energy Regulatory Commission,” the company said in a disclosure to the stock exchange.
Phinma Energy, which is now a part of the Ayala Group, will supply Meralco with 200 MW capacity while San Miguel Energy will supply 330 MW. South Premiere Power, a subsidiary of SMC Global Power Holdings Corp., won the bid for 670 MW. Meanwhile, Meralco said the best bids for the supply of 500 MW midmerit capacity from Dec. 26, 2019 to Dec. 25, 2024 would still undergo evaluation. Meralco held the CSP process for the 500-MW supply on Wednesday. “The winning bidders will still be subjected to post-qualification evaluation, execution of their respective power supply agreement and the approval of the Energy Regulatory Commission,” it said. The third-party bids and awards
committee found the offers of First Gen Hydro Power Corp. for 100 MW, Phinma Energy for 110 MW and South Premiere for 290 MW as the best bids. Meralco said no contract capacity was awarded for the 1,200-MW supply for commercial operations by 2024 “due to only one bid received.” Meralco said the resulting prices from the CSP are significantly lower than their average generation cost today of around P5.88 per kilowatt-hour (VAT inclusive). The results of the bidding for 500 MW are expected to save consumers P4.4 billion annually for the next five years. This is equivalent to a rate reduction of around P0.13 per kWh for consumers, starting Dec. 26, 2019. Alena Mae S. Flores
ABOITIZ Power Corp. plans to expand by another 30 megawatts its newly-acquired 39.4-MW onshore wind power facility in Ninh Thuan Province, Vietnam. Aboitiz Power chief operating officer Emmanuel Rubio said the potential expansion project could involve another 30 MW. “For this one yes... 30 MW, something like that, at least,” he said. Aboitiz Power recently signed a share purchase agreement for the acquisition of 100-percent ownership of Mekong Wind Pte. Ltd. from Armstrong Southeast Asia Clean Energy Fund Pte. Ltd for $46 million. Aboitiz Power’s acquisition through wholly-owned subsidiary AboitizPower International captures all legal and economic interest in Mekong Wind, which holds a direct interest in Dam Nai Wind Power JSC. The 39.4-MW Dam Nai wind project is one of the first wind power projects in Vietnam to have been successfully brought online with commercial operations starting in late 2017. “It’s by the sea so there was no restriction. We don’t have to buy land, no land titles to worry about,” Aboitiz Power executive vice president and chief strategy officer Luis Miguel Aboitiz said. Rubio said that for the expansion to proceed, certain deliverables should be met including the meeting the deadline for the feed-in tariff eligibility.
B2
Business
FRIDAY, SEPTEMBER 13, 2019 extrastory2000@gmail.com
Market down; Jollibee declines T HE stock market fell Thursday on mild profit-taking despite signs of easing tensions between China and the US in their trade row that fueled hopes of a breakthrough in high-level talks next month.
The Philippine Stock Exchange Index dropped 23.47 points, or 0.3 percent, to 7,944.43 on a value turnover of P6.7 billion. Losers edged gainers, 96 to 93, with 50 issues unchanged. Jollibee Foods Corp., the biggest fastfood chain, lost 1.7 percent to P222.40, while International Container Terminal Services Inc., the largest port operator, declined 2.2 percent to P132. Aboitiz Power Corp., however, rose
2.5 percent to P38.75, while Megaworld Corp., the largest lessor of office spaces, climbed 1.6 percent to P5.15. The rest of Asian markets, meanwhile, were mixed as dealers struggled to extend this week’s healthy rally. Donald Trump on Wednesday said he would delay hiking tariffs on Chinese goods, just hours after Beijing announced it would remove a range of US products from its own planned levies. The moves provided an extra shot in the arm for investors as they await key announcements from the US and European central banks that are expected to see a further easing of monetary policy. Tokyo ended 0.8 percent higher and Shanghai added 0.8 percent while Sydney climbed 0.3 percent. Mumbai and Taipei also rose, but Hong Kong dipped 0.1 percent in the afternoon, while there were also losses in Singapore, Wellington and Jakarta.
In a tweet Wednesday night, Trump said: “We have agreed, as a gesture of good will, to move the increased Tariffs on 250 Billion Dollars worth of goods (25% to 30%), from October 1st to October 15th.” He added that the delay was requested by “Vice Premier of China, Liu He, and due to the fact that the People’s Republic of China will be celebrating their 70th Anniversary”, on October 1. Earlier in the day, China said it would temporarily exempt 16 categories of US exports from tariff increases in an olive branch to Washington before the talks take place and which Trump described as “a big move.” The more conciliatory tone from both sides—after months of rancor—fueled hopes they can edge towards a solution to their long-running trade war, which has jolted the global economy and stock markets.
The delay “shows Trump doesn’t want to increase tariffs before the trade talks in early October and it creates good conditions,” said Tommy Xie, an economist at Oversea-Chinese Banking Corp. “It adds to the hope that there’ll be good news from the October meeting, and markets will wait and see.” Wednesday’s developments were broadly welcomed though Asian markets struggled to hold on to initial rallies, with OANDA senior market analyst Jeffrey Halley adding a note of caution on the trade news. “Just as the presidential tweet on tariffs... has injected more momentum into stocks and most likely emerging-market assets, what one hand gives the other can take away,” he said in a note. “We are only one social media posting away from a thoroughly unpredictable president turning sentiment on its head.” With AFP
MANILA STANDARD BUSINESS DAILY STOCKS REVIEW THURSDAY, SEPTEMBER 12, 2019
VOLUME
VALUE
NET FOREIGN BUYING/(SELLING), PHP
NAME
OPEN
HIGH
LOW
CLOSE
ASIA UNITED BANK PH ISLANDS BDO LEASING BDO UNIBANK BRIGHT KINDLE CHINABANK COL FINANCIAL EAST WEST BANK FERRONOUX HLDG FILIPINO FUND IREMIT MEDCO HLDG METROBANK NTL REINSURANCE PB BANK PBCOM PHIL NATL BANK PHIL STOCK EXCH PHILTRUST PSBANK RCBC SECURITY BANK SUN LIFE UNION BANK VANTAGE
57.95 93 2.11 143 1.16 25.9 18.5 12.18 5.01 8.63 1.21 0.445 70 0.98 13 21 46.55 183.5 118 57.75 27.7 203.8 1,810 59.45 1.14
57.95 93.2 2.11 143.6 1.2 25.9 18.6 12.2 5.9 8.63 1.21 0.445 70.1 0.98 13.2 21 47.1 183.5 118 57.8 27.7 206 1,810 59.5 1.14
57.95 91.75 2.09 141.8 1.15 25.8 18.5 12.12 5.01 8.63 1.21 0.445 68.9 0.96 13 21 46.55 183 117.9 57 27.6 202.2 1,795 59.45 1.14
FINANCIALS 57.95 10 93.2 2,753,280 2.09 17,000 141.8 1,152,770 1.2 71,000 25.85 30,500 18.6 6,100 12.16 265,300 5.9 3,661,300 8.63 100 1.21 2,000 0.445 20,000 69.5 5,608,560 0.98 70,000 13.2 300 21 1,300 46.7 50,700 183.4 860 117.9 110 57.2 4,190 27.6 200 206 232,760 1,800 335 59.5 230 1.14 1,000
579.5 255,604,856.50 35,790 163,913,635 81,900 789,405 112,860 3,231,422 20,517,333 863 2,420 8,900 389,732,075.50 67,680 3,920 27,300 2,374,485 157,667 12,970 239,639.50 5,530 47,814,748 604,600 13,679.50 1,140
37,401,874.50 2,090 -78,870,701 -367,520 -109,140 1,434,920 3,070,318 863 -164,551,156 224,790 23,333,180 -
ABOITIZ POWER AGRINURTURE ALLIANCE SELECT ALSONS CONS BASIC ENERGY BOGO MEDELLIN CEMEX HLDG CENTURY FOOD CIRTEK HLDG CNTRL AZUCARERA CONCEPCION CONCRETE A CROWN ASIA DAVINCI CAPITAL DEL MONTE DNL INDUS EAGLE CEMENT EEI CORP EMPERADOR FIRST GEN FIRST PHIL HLDG GINEBRA GREENERGY HOLCIM INTEGRATED MICR IONICS JOLLIBEE MABUHAY VINYL MANILA WATER MAXS GROUP MEGAWIDE MERALCO PEPSI COLA PETROENERGY PETRON PHINMA PHINMA ENERGY PHX PETROLEUM PILIPINAS SHELL PRYCE CORP RFM CORP ROXAS AND CO ROXAS HLDG SFA SEMICON SHAKEYS PIZZA SMC FOODANDBEV SPC POWER TKC METALS UNIV ROBINA VITARICH VULCAN INDL
37.3 15.86 0.7 1.32 0.246 90.4 2.71 14.08 11.9 17.78 31.6 72.8 2.07 6.14 6.04 9 15.3 10 7.18 26.5 83.2 53 2.27 13.8 8.94 1.6 226 3.46 22.4 14.18 19.2 361 2.08 4.37 5.27 9.1 2.98 10.7 34.4 5.18 5.1 1.75 2.11 1.1 12.16 91.4 7.22 1.11 167.5 1.32 1.31
38.75 16 0.7 1.32 0.247 110 2.76 14.24 12 17.8 32.35 75.6 2.07 6.14 6.16 9.03 15.32 10.18 7.24 26.5 83.2 53 2.4 13.88 8.94 1.6 226.2 3.46 22.4 14.68 19.32 362 2.17 4.37 5.27 9.19 3 10.7 34.4 5.3 5.1 1.84 2.11 1.14 12.32 91.95 7.22 1.16 170 1.33 1.37
37.15 15.78 0.69 1.3 0.24 90.4 2.68 14.02 10.68 17.78 31.55 72 2.06 6.14 6.03 8.98 15.12 9.94 7.18 26 82.1 52 2.25 13.78 8.9 1.56 222.4 3.46 21.9 14.16 19.16 359.2 2.08 4.07 5.19 9.01 2.94 10.7 33.5 5.14 5.1 1.71 2.08 1.1 11.5 90 7.2 1.08 167 1.3 1.3
INDUSTRIAL 38.75 4,275,000 16 109,600 0.7 452,000 1.3 408,000 0.246 1,230,000 110 110 2.72 2,394,000 14.14 96,500 10.78 3,108,200 17.8 400 32.35 4,100 75.6 420 2.07 393,000 6.14 200 6.04 46,600 9 541,600 15.32 271,500 9.94 26,100 7.2 1,228,900 26.1 1,399,800 82.35 174,000 52.8 45,280 2.4 8,408,000 13.88 264,900 8.9 53,700 1.59 37,000 222.4 3,944,530 3.46 2,000 22 590,900 14.5 1,994,400 19.2 253,600 360 93,020 2.15 8,011,000 4.07 100,000 5.19 1,281,500 9.19 11,900 2.96 11,958,000 10.7 4,400 33.7 224,900 5.16 69,200 5.1 3,000 1.83 1,845,000 2.08 55,000 1.14 158,000 12 212,900 91.95 60,470 7.22 63,800 1.16 1,213,000 168 359,590 1.32 3,941,000 1.32 8,730,000
164,576,320 1,744,966 316,380 530,940 297,140 11,638 6,498,450 1,364,170 34,077,164 7,116 130,150 30,450 813,130 1,228 281,741 4,873,243 4,140,200 261,890 8,857,269 36,554,940 14,395,673.50 2,380,768.50 19,365,170 3,657,334 477,990 58,340 887,266,418 6,920 13,007,315 28,797,996 4,870,614 33,501,878 17,146,630 414,470 6,684,350 109,001 35,529,320 47,080 7,575,955 359,096 15,300 3,309,830 115,520 177,180 2,603,454 5,527,467.50 459,685 1,382,510 60,626,746 5,192,190 11,695,760
58,329,580.00 582,830 -528,300 1,090 2,710,840 -220,056 493,692 1,780 -6,455 -505,120.00 -183,229 -669,569 3,703,512 -8,128 -4,611,340 2,807,805 -5,431,755.50 433,853.50 8,547,670 -2,444,504 -57,864,526 6,920 -8,589,265 -9,939,542 1,522,510 -5,902,558 2,733,680 -18,076 -2,089,840 43,870 -651,825 -2,251,558 -989,968.50 -20,066,690 -598,700 -23,070
ABACORE CAPITAL ABOITIZ EQUITY ALLIANCE GLOBAL ANGLO PHIL HLDG ANSCOR ASIABEST GROUP ATN HLDG A ATN HLDG B AYALA CORP AYALA LAND LOG COSCO CAPITAL DMCI HLDG FILINVEST DEV FJ PRINCE A FORUM PACIFIC GT CAPITAL HOUSE OF INV JG SUMMIT KEPPEL HLDG A LODESTAR LOPEZ HLDG LT GROUP MABUHAY HLDG METRO PAC INV PACIFICA PRIME MEDIA REPUBLIC GLASS SAN MIGUEL CORP SM INVESTMENTS SOC RESOURCES SOLID GROUP TOP FRONTIER WELLEX INDUS ZEUS HLDG
0.94 53.5 12.4 0.83 7 13.98 1.2 1.23 902 3.45 6.9 9.19 13.78 4.64 0.23 921 6.27 73 5.87 0.495 4.56 14.18 0.64 5.11 0.038 1.37 3 175 1,020 0.85 1.29 222 0.229 0.236
0.94 53.9 12.78 0.83 7 14.08 1.24 1.24 918 3.61 6.92 9.22 13.78 4.64 0.244 930 6.27 74.5 5.87 0.53 4.56 14.78 0.65 5.22 0.039 1.38 3.21 175 1,023 0.92 1.33 233 0.235 0.25
0.91 52.8 12.38 0.78 7 13.52 1.2 1.23 902 3.45 6.87 9.13 13.78 4.64 0.23 921 6 72.9 5.8 0.495 4.55 14.18 0.64 5.1 0.038 1.3 3 172.5 1,011 0.84 1.29 222 0.229 0.235
HOLDING FIRMS 0.93 7,052,000 53.25 637,990 12.5 3,844,300 0.81 278,000 7 1,100 13.52 40,600 1.23 934,000 1.24 251,000 909 195,880 3.6 7,680,000 6.88 705,700 9.15 6,526,500 13.78 5,200 4.64 2,000 0.244 50,000 929.5 73,550 6 30,100 74.5 876,570 5.8 2,200 0.5 630,000 4.56 51,000 14.5 3,492,400 0.65 51,000 5.15 17,255,500 0.038 4,000,000 1.35 599,000 3.21 440,000 175 21,650 1,014 752,220 0.85 1,574,000 1.32 3,000 222 710 0.235 650,000 0.235 1,860,000
6,492,780 34,085,379.50 48,162,406 221,570 7,700 557,334 1,138,190 309,240 177,920,285 27,442,850 4,866,723 59,735,790 71,656 9,280 11,640 68,231,415 180,627 64,966,212 12,819 318,300 232,510 50,542,126 32,690 89,087,556 154,500 790,600 1,343,550 3,787,943 762,944,800 1,390,780 3,940 157,962 152,690 439,690
758,610 -22,863,759 14,257,786 -63,191,675 -445,650 -91,238 -32,067,900 -2,756 -5,298,950 -180,000 -15,926,654.50 -72,930.00 9,419,492 14,804,124 -9,600 -155,630 386,569,130 17,400 -19,982 -2,500
8990 HLDG A BROWN ANCHOR LAND ARTHALAND CORP AYALA LAND BELLE CORP CEB LANDMASTERS CEBU HLDG CENTURY PROP CITY AND LAND CITYLAND DEVT CROWN EQUITIES CYBER BAY DM WENCESLAO DOUBLEDRAGON EMPIRE EAST FILINVEST LAND GLOBAL ESTATE MEGAWORLD MRC ALLIED PHIL INFRADEV PHIL REALTY PRIMEX CORP
15.28 0.84 10.7 0.9 49.5 2.2 4.7 5.86 0.57 0.73 0.85 0.223 0.395 9.36 21.45 0.45 1.66 1.27 5.07 0.315 1.49 0.385 2.05
15.28 0.85 10.7 0.9 49.5 2.2 4.8 6 0.57 0.75 0.88 0.223 0.395 9.5 21.5 0.46 1.66 1.27 5.18 0.32 1.5 0.395 2.13
15.26 0.83 10.7 0.87 49.05 2.16 4.7 5.86 0.55 0.73 0.85 0.22 0.395 9.2 21.1 0.45 1.64 1.25 5.07 0.31 1.45 0.385 2.05
PROPERTY 15.26 477,700 0.83 833,000 10.7 1,000 0.89 1,484,000 49.3 6,708,360 2.18 425,000 4.75 262,000 6 12,900 0.56 6,642,000 0.75 13,000 0.88 6,000 0.22 700,000 0.395 30,000 9.2 571,300 21.4 99,800 0.46 30,000 1.65 22,611,000 1.26 928,000 5.15 18,187,000 0.315 3,610,000 1.46 1,076,000 0.395 230,000 2.09 340,000
NAME
OPEN
HIGH
LOW
CLOSE
VOLUME
VALUE
ROBINSONS LAND ROCKWELL SHANG PROP SM PRIME HLDG STA LUCIA LAND STARMALLS SUNTRUST HOME VISTA LAND
25.35 2.35 3.43 34.6 2.45 5.75 0.97 7.69
25.5 2.39 3.44 34.8 2.45 5.8 0.97 7.7
25.1 2.35 3.35 34.2 2.39 5.7 0.92 7.65
25.5 2.38 3.42 34.2 2.45 5.8 0.92 7.66
940,300 59,000 94,000 6,126,200 621,000 79,800 536,000 2,332,700
23,751,745 140,200 321,310 210,934,030 1,515,580 461,212 499,820 17,872,782
-1,704,780 -88,841,065 -12,131,123
2GO GROUP ABS CBN ACESITE HOTEL APC GROUP APOLLO GLOBAL BERJAYA BLOOMBERRY BOULEVARD HLDG CEBU AIR CENTRO ESCOLAR CHELSEA EASYCALL FAR EASTERN U GLOBE TELECOM GMA NETWORK GOLDEN BRIA HARBOR STAR IMPERIAL INTL CONTAINER IPEOPLE ISLAND INFO ISM COMM JACKSTONES LBC EXPRESS LEISURE AND RES LORENZO SHIPPNG MACROASIA MANILA BULLETIN MANILA JOCKEY METRO RETAIL METROALLIANCE A METROALLIANCE B NOW CORP PACIFIC ONLINE PAL HLDG PH RESORTS GRP PHIL SEVEN CORP PHILWEB PLDT PREMIUM LEISURE PRMIERE HORIZON PUREGOLD ROBINSONS RTL SBS PHIL CORP SSI GROUP STI HLDG TRANSPACIFIC BR TRAVELLERS WATERFRONT WILCON DEPOT
10.2 19.84 1.63 0.59 0.05 2.36 11.04 0.057 94.5 6.98 7.34 11.44 919.5 1,935 5.3 422 1.77 1.88 133.3 9.5 0.113 5.45 2.86 14.56 3.35 0.91 19.28 0.445 3.38 2.46 1.2 1.28 3.44 2.85 8.3 5.11 142 3.37 1,196 0.72 0.62 42.85 77.2 9.12 2.86 0.7 0.345 5.45 0.68 16.74
10.3 19.84 1.67 0.6 0.053 2.43 11.26 0.059 95 6.98 7.35 11.44 919.5 1,966 5.3 435 1.81 1.88 135.5 9.5 0.117 5.56 2.86 14.56 3.41 0.91 19.28 0.445 3.41 2.5 1.2 1.28 3.59 2.92 8.55 5.11 143.8 3.4 1,196 0.72 0.62 43.05 77.95 9.39 2.87 0.7 0.355 5.45 0.69 16.8
10.02 19.3 1.63 0.58 0.048 2.36 10.98 0.057 94 6.98 7.14 10.78 918.5 1,935 5.27 422 1.77 1.88 132 9.49 0.113 5.44 2.86 14.56 3.3 0.91 19.02 0.445 3.38 2.45 1.2 1.28 3.34 2.77 8.3 5.11 138 3.32 1,176 0.71 0.6 42.85 77.2 9.12 2.83 0.68 0.345 5.45 0.68 16.6
SERVICES 10.02 19.32 1.65 0.59 0.05 2.43 11 0.057 94 6.98 7.2 10.88 919 1,935 5.28 434.8 1.79 1.88 132 9.49 0.115 5.56 2.86 14.56 3.4 0.91 19.06 0.445 3.41 2.5 1.2 1.28 3.57 2.83 8.49 5.11 138 3.38 1,194 0.71 0.61 43 77.5 9.39 2.85 0.7 0.355 5.45 0.68 16.8
9,000 285,200 39,000 2,994,000 45,810,000 625,000 17,824,400 31,910,000 14,360 1,800 1,765,900 392,800 50 14,790 349,800 160 406,000 18,000 1,272,020 500 3,360,000 1,634,800 1,000 100 1,164,000 53,000 3,212,500 80,000 64,000 515,000 97,000 4,000 9,912,000 263,000 2,800 1,000 40 266,000 39,095 2,032,000 6,110,000 911,400 958,650 6,800 1,429,000 861,000 2,710,000 1,536,500 551,000 741,600
90,980 5,557,986 64,390 1,766,290 2,319,930 1,494,190 196,082,898 1,820,330 1,360,354.50 12,564 12,717,658 4,327,428 45,950 28,733,290 1,849,563 68,994 728,280 33,840 169,437,187 4,747 385,290 8,992,725 2,860 1,456 3,878,240 48,230 61,236,492 35,600 217,590 1,278,670 116,400 5,120 34,767,320 760,240 23,703 5,110 5,676 897,120 46,528,965 1,459,500 3,736,380 39,136,170 74,320,229 63,049 4,075,950 589,600 949,100 8,373,925 377,860 12,414,414
-0.0001 -44,550 -156,760,832 33,818 698 848,026 109,200 -11,888,195 -53,700 -7,485,586 157,310 11,255 3,160,110 49,325,234 -9,980 783,060 1,380 23,490 15,934,195 -12,750 -439,320 -11,529,005 -24,592,914.50 2,940,480 -246,340 -61,840.00 7,400,234
ABRA MINING APEX MINING ATLAS MINING ATOK BENGUET A BENGUET B CENTURY PEAK DIZON MINES FERRONICKEL GEOGRACE LEPANTO A LEPANTO B MANILA MINING A MANILA MINING B MARCVENTURES NICKEL ASIA NIHAO OMICO CORP ORNTL PENINSULA ORNTL PETROL A ORNTL PETROL B PHILODRILL PHINMA PETRO PX MINING PXP ENERGY SEMIRARA MINING UNITED PARAGON
0.0017 1.25 2.59 11.22 1.24 1.15 2.71 7.86 1.65 0.219 0.11 0.113 0.0097 0.01 1.19 4.34 1.11 0.48 0.87 0.011 0.012 0.012 9.87 4.1 13 23.45 0.0064
0.0018 1.28 2.6 13 1.24 1.15 2.71 8.48 1.7 0.255 0.11 0.113 0.0099 0.012 1.21 4.39 1.18 0.48 0.89 0.011 0.012 0.012 10.2 4.16 13.38 23.8 0.0064
0.0017 1.21 2.58 11.22 1.15 1.15 2.71 7.86 1.64 0.219 0.11 0.11 0.0092 0.01 1.18 4.22 1.06 0.48 0.86 0.011 0.012 0.011 9.87 4 12.18 23 0.0064
MINING & OIL 0.0018 139,000,000 1.21 4,615,000 2.58 10,000 13 45,200 1.15 14,000 1.15 90,000 2.71 200,000 8.27 204,000 1.7 22,999,000 0.225 9,960,000 0.11 500,000 0.11 600,000 0.0092 17,700,000 0.012 13,600,000 1.19 411,000 4.3 10,865,000 1.12 197,000 0.48 40,000 0.87 748,000 0.011 1,000,000 0.012 11,000,000 0.011 16,400,000 10.1 2,309,300 4.02 1,226,000 12.3 10,018,200 23.7 3,642,300 0.0064 4,000,000
236,400 5,742,160 25,910 567,198 16,550 103,500 542,000 1,693,286 38,390,990 2,334,550 55,000 66,090 164,240 156,600 488,190 46,566,670 221,160 19,200 654,250 11,000 132,000 182,800 23,241,823 4,989,530 127,603,200 85,895,845 25,600
4,960 103,500.00 -19,956 8,799,580 1,130 -17,813,070 443,490 694,620.00 -4,170,098 -22,597,020 -
ABS HLDG PDR AC PREF B2 ALCO PREF C DD PREF FGEN PREF G GLO PREF P GMA HLDG PDR GTCAP PREF B HOUSE PREF A LR PREF MWIDE PREF PCOR PREF 2B PCOR PREF 3B SMC FB PREF 2 SMC PREF 2B SMC PREF 2C
18.7 505 101 101.6 107 505 5.13 980 99.5 0.99 100.3 1,030 1,070 997.5 75.8 78.95
18.96 505 101 101.6 107.1 505 5.13 980 99.6 0.99 100.3 1,030 1,081 997.5 76.6 78.95
18.52 505 101 101 107 505 5.12 980 99.5 0.99 100.3 1,030 1,070 997.5 75.8 78.9
PREFERRED 18.52 270,000 505 160 101 5,000 101.6 5,210 107 5,230 505 10 5.12 23,600 980 10 99.6 2,000 0.99 537,000 100.3 600 1,030 100 1,081 20,460 997.5 710 76.05 220 78.95 39,440
5,037,396 80,800 505,000 526,642 559,612 5,050 120,848 9,800 199,187 531,630 60,180 103,000 21,973,785 708,225 16,780.50 3,113,763
-4,831,786.00 -3,209,500 -
LR WARRANT
1.65
1.65
1.6
WARRANTS 1.65 127,000
205,810
ITALPINAS KEPWEALTH XURPAS
6.65 10.9 1.05
6.77 11.44 1.07
6.35 10.6 0.99
SME 6.35 11.02 0.99
6,241,363 7,348,410 21,129,170
FIRST METRO ETF
119
119.2
118.5
MS 7,289,908 694,760 10,700 1,301,960 330,412,371 924,880 1,250,640 75,617 3,677,750 9,510 5,160 154,440 11,850 5,293,165 2,132,755 13,700 37,307,650 1,166,130 93,441,125 1,139,400 1,582,180 88,650 700,980
-459,326 32,560 12,678,957 -85,200 -47,680 595 -44,240 8,030 880 2,220 -4,810,026 222,330 3,750,100 2,520 2,627,766 -3,150 18,780 20,150
NET FOREIGN BUYING/(SELLING), PHP
TRADING SUMMARY
SHARES
FINANCIAL
13,951,231
INDUSTRIAL
72,308,843
HOLDING FIRMS
60,761,295
PROPERTY
117,396,406
SERVICES
143,721,791
MINING & OIL
271,532,659
GRAND TOTAL
702,002,197
952,300 661,400 20,713,000
EXCHANGE TRADED FUNDS 119 1,280
152,356
24,495 -474,990 -
VALUE 1,821.34 (down) 3.59 885,389,138.32 FINANCIAL INDUSTRIAL 10,921.72 (down) 44.11 1,545,549,681.24 HOLDING FIRMS 7,901.23 (up) 11.08 1,556,863,180.53 PROPERTY 4,028.71 (down) 32.76 1,605.83 (down) 11.21 1,548,053,404.96 SERVICES MINING & OIL 9,489.72 (up) 16.08 806,168,313.27 PSEI 7,944.43 (down) 23.47 340,146,307.88 All Shares Index 4,799,79 (down) 5.03 6,726,044,991.10 Gainers: 93; Losers: 96; Unchanged: 50; Total: 239
Cebu property company buys Mactan resort, eyes expansion By Jenniffer B. Austria CEBU Landmasters Inc., a leading property developer in Visayas and Mindanao, acquired a luxury resort in Mactan, Cebu to expand its growing resorts portfolio. CLI said in a disclosure to the stock exchange it bought the all-suite Abaca Resort Mactan. It also signed a hotel management agreement with the Abaca Group, owner of the resort and a chain of top-end Cebu restaurants. CLI chairman and chief executive Jose Soberano III said the company planned to expand the 4,328 square-meter Abaca Resort Mactan to a 100-room all-suite luxury development from the current nine rooms by 2023. “CLI and The Abaca Group will create world-class synergies that will allow us to maximize tourism opportunities in Cebu, a booming growth area supported by large-scale infrastructure development projects such as Terminal 2 of the Mactan Cebu International Airport,” Soberano said. CLI said it would tap a reputable foreign architect to design and master-plan the redevelopment of the luxury resort. Abaca Resort Mactan will close its doors in February 2020 to give way to the planned redevelopment. “With Cebu being our adopted home, it has always been our vision to contribute to the growth of Cebu’s tourism and hospitality industry on a much larger scale, especially the Abaca Resort and Hotel brand. We have been approached by several developers to expand the brand but the thoughtfulness and commitment to quality that Cebu Landmasters brought to the table was undeniable and made the decision easy,” said Abaca Group founder Jason Hyatt. “Having this unique partnership and opportunity to manage a premier property developed by the region’s premier developer is a significant step towards our vision of breaking out as the country’s top homegrown luxury hotel group,” added Hyatt. CLI is the leading developer in the Visayas-Mindanao area with a total of 58 projects in various stages of development in seven key cities of the region. Aside from the Abaca Resort Mactan, CLI recently acquired the two-hectare Lowaii Marine Cebu Resort on the southern side of Mactan Island.
SEC files criminal complaints versus Organico, officials By Jenniffer B. Austria THE Securities and Exchange Commission filed criminal complaints against Organico Agribusiness Ventures Corp. with the Department of Justice for violating the rules of the Securities Regulation Code. The SEC on September 10 filed the complaints against Organico, along with president Cerrone Roial Posas, corporate finance officer Marve Subere Posas, corporate secretary Anthony Butaslac and board directors Renato Subong and Karen Maasin for publicly selling unregistered securities in the form of investment contracts and engaging in fraudulent transactions in violation of the SRC. The SEC also charged agents and representatives Kathleen Hortesano, Rochelle Camacho and Annielyn Hilotin for acting as salesmen of Organico by directly offering and selling securities to the investing public. The SEC said Organico’s scheme involved assurances that the money invested to the company amounting to P3,600 would shortly become P6,000 after 90 days, or a return of 66.67 percent without having to do anything other than invest and receive the promised payment from the company. Organico has been operating in Ormoc City, Leyte; Toril, Davao City; Cebu City and Quezon City. It uses social media and networking and videosharing websites to offer the investment contracts to the public. The SEC in a public advisory issued on May 21 said Organico was not authorized to offer, sell or distribute any investment securities for lack of a secondary license. It issued a cease-and-desist order o n May 28 against the company as well as its directors, officers agents and representatives. The regulator revoked the company’s certificate of registration for serious misrepresentation to the prejudice or damage to the general public.
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FRIDAY, SEPTEMBER 13, 2019 CESAR BARRIOQUINTO, Editor mst.daydesk@gmail.com
Princess faces verdict in beating case
FIRST OF THREE SHOWS. From left, Marty Stuart, Emmylou Harris and Chris Scruggs perform at Marty Stuart’s First of Three Shows as Artists-in-Residence at the Country Music Hall of Fame and Museum on September 11, 2019, in Nashville, Tennessee. AFP
PARIS―A French court will rule Thursday whether a sister of the Saudi crown prince had a hand in the alleged beating of a workman who carried out repairs in her luxury Paris apartment. Hassa bint Salman, daughter of King Salman, is a sister of the kingdom’s powerful de facto ruler, crown prince Mohammed bin Salman, known widely by his initials “MBS”. The 42-year-old princess is accused of instructing her bodyguard Rani Saidi to beat up Ashraf Eid, a plumber, after he was seen taking pictures inside her home in September 2016. Prosecutors have called for the princess, who was tried in absentia in July, to be given a six-month suspended sentence for complicity in an act of intentional violence, complicity in illegal confinement and complicity in theft. Saidi is charged with intentional violence, theft and illegal confinement. Prosecutors have recommended an eight-month suspended sentence for Saidi, and a fine of 5,000 euros ($5,500) each for him and the princess. Eid was working on the seventh floor of the luxury apartment block owned by the Saudi royals on Avenue Foch, a favor-
‘Glory to Hong Kong’ is the new anthem of protesters H ONG KONG―A defiant protest anthem penned by an anonymous composer has become the unofficial new soundtrack to Hong Kong’s pro-democracy protests, belted out by crowds at flash mobs in malls, on the streets and in the football stands.
“Glory to Hong Kong” first appeared on YouTube on 31 August and has quickly won a huge following among those pushing for greater democratic freedoms in the semiautonomous Chinese city. In less than a fortnight the original version has racked up more than 1.3 million views while multiple copycats videos have been made―including one featuring an entire orchestra decked out in the helmets, goggles and gas masks worn by those on the barricades. Each night this week protesters have gath-
ered at different malls across the city for impromptu flash mob concerts. At a mall in the town of Sha Tin on Wednesday night hundreds of activists gathered to sing, many of them reading from scraps of paper with the lyrics on them. “For all our tears on our land/Do you feel the rage in our cries,” the latest song begins. “Rise up and speak up, our voice echoes/ Freedom shall shine upon us”. Alongside the Christian hymn “Sing Hallelujah to the Lord”, “Glory to Hong Kong” is a riposte to the city’s unelected leaders and Beijing after more than three months of huge and sometimes violent protests. Little is known about the composer, who gave himself the online pseudonym “Thomas dgx yhl”. But the song’s lyrics and melody have quickly spread within the movement. During a football match on Tuesday night between Hong Kong and Iran, crowds of local fans booed the Chinese national anthem, and then sung the new protest song as the match began. Insulting China’s flag and anthem is banned on the mainland and Hong Kong’s local government are currently trying to pass
IN BRIEF
Republic of the Philippines Department of Environment and Natural Resources ENVIRONMENTAL MANAGEMENT BUREAU DENR Compound, Visayas Avenue, Diliman Quezon City 1116 Telephone Nos.: (632)927-15-17, 928-37-25; Fax No.: (632) 920-22-58 Website: http://www.emb.gov.ph / Email: mail@emb.gov.ph
2,500 unaccounted for in Bahamas
NASSAU―About 2,500 people are unaccounted for in the Bahamas following Hurricane Dorian, the archipelago’s National Emergency Management Agency (NEMA) said Wednesday. NEMA spokesman Carl Smith told reporters that some of the missing people may eventually be located. “At this point, there are approximately 2,500 individuals registered on the Bahamian government register [of missing people],” Smith said. “This list has not yet been checked against government records of who is staying in shelters or who have been evacuated,” he said. “Some individuals who have been evacuated from Abaco and Grand Bahama have not yet registered with social services,” Smith said. “As we are able to cross-reference our data sets, we will be able to inform family members and reunite survivors with loved ones.” Approximately 76,000 people were affected by Dorian, the UN’s International Organization for Migration has said, citing official reports. Of these, thousands have been evacuated and about 860 are in emergency shelters in the capital city of Nassau. At least 50 people died in the hurricane, which slammed into the northern Bahamas as a Category 5 storm, and officials have said they expect the number to rise significantly. “We’re not going to speculate on what the final numbers will be,” Smith said. “We understand that people are concerned and so are we.” The NEMA spokesman said more than 5,500 people have been evacuated so far from the northern Bahamas islands of Grand Bahama and Abaco, which were devastated by the storm. AFP
US to ban flavored vapingproducts
WASHINGTON―US President Donald Trump’s administration announced Wednesday it would soon ban flavored e-cigarette products to stem a rising tide of youth users, following a spike in vaping-linked deaths. The move could later be extended to an outright prohibition of vaping if adolescents migrate to tobacco flavors, seen as more legitimate products that help smokers quit their habit. Addressing reporters at the White House, the president said that both he and First Lady Melania Trump were worried as parents of a teenage son about an outbreak of severe lung disease that has killed six people and sickened hundreds. “We are both reading it,” he said. “A lot of people are reading, people are dying of vaping,” he added, vowing to act. Trump was accompanied by Ned Sharpless, the acting head of the Food and Drug Administration that regulates e-cigarettes and by Health and Human Services Secretary Alex Azar, who responded to a question about the proposed time line by saying his agency would issue rules in the coming weeks. Following the release of new guidance, “there will likely be about a 30-day delayed effective date,” said Azar. “At that point, all flavored e-cigarettes other than tobacco flavor would have to be removed from the market.” The agency said in a release that non-tobacco flavors were being targeted for their youth appeal, with preliminary data for 2019 showing that more than a quarter of high school students had used e-cigarettes in the past 30 days. AFP
a similar law. Critics say that move is another blow to the free speech guarantees Hong Kong is supposed to maintain under the handover deal China agreed with Britain. Christopher Chung, 22, said he planned to sing the new protest song over China’s communist anthem “March of the Volunteers”. “I think the respect people pay when singing a national anthem should come out from one’s heart, instead of using law and rules to force people to respect it,” he told AFP. “We really dislike the Chinese national anthem,” added Billy, 16, who declined to give his surname. “That’s why we want to sing an anthem that belongs to Hong Kong.” Hong Kong’s summer of rage was sparked by a widely reviled plan to allow extraditions to the mainland. But after local leaders and Beijing took a hard line it snowballed into a wider movement pushing for democracy and police accountability. Huge crowds have marched repeatedly throughout the last 15 weeks of protests― and many confrontations with police have turned violent. AFP
NOTICE OF PUBLIC HEARING On the ENVIRONMENTAL IMPACT STATEMENT (EIS) of the proposed MAKATI PUBLIC RAIL TRANSPORT SYSTEM PROJECT of the PHILIPPINE INFRADEV HOLDINGS, INC. AND CITY GOVERMENT OF MAKATI to be located in Makati City. Notice is hereby given to all parties who wish to give their opinion regarding the implementation of the proposed MAKATI PUBLIC RAIL TRANSPORTATION SYSTEM PROJECT to attend the Public Hearing scheduled on: Date
Time
23 September 2019 (Monday)
9:00 AM (Registration starts at 8:00 AM)
Venue HPSB Multimedia Room 507 University of Makati J.P. Rizal Ext. Makati City
The Public Hearing is being conducted in connection with the review of the EIS of the aforementioned project by the Environmental Management Bureau (EMB) of the Department of Environment and Natural Resources (DENR). All interested parties who wish to attend or participate in these Public Hearings should preferably confirm their attendance/participation and may give their opinion(s) in a concise position paper to the ENVIRONMENTAL IMPACT ASSESMENT AND MANAGEMENT DIVISION (EIAMD) of this Office through mail or through email at eiamd.emb.co@gmail.com. at least three (3) days before the Public Hearing schedule. Those who will not be able to register or submit written positions may be given the opportunity to share their issue on the day of the hearing itself. The project’s EIS and Executive Summary for the Public are downloadable at our website: www.eia.emb.gov.ph (kindly access the Notice of Public Hearing/ Consultation linkfound in our website) while copies will be available in this Office. For more details, please contact the EIAMD Division at this Office at telephone number (02) 920-2240 to 41 through the project casehandlers Engr. Regina Paula Eugenio and Engr. Dexter Tabada.
(MS-SEPT. 13 , 2019)
ite destination of foreign millionaires in Paris, when he was called to the fifth floor to repair a damaged wash basin. He took pictures of the bathroom which he told investigators he needed to carry out his work. Eid claims that the princess flew into a rage after he caught her reflection in a mirror on camera. She called in her bodyguard, who allegedly beat him. Eid claimed he was also tied up and ordered to kiss the feet of the princess, who is lionized in the Saudi state-run media for her charity work and women’s rights campaigning. The plumber claimed he was allowed to leave the apartment only after several hours, during which his phone was destroyed, and that at one point the princess shouted: “Kill him, the dog, he doesn’t deserve to live.” A warrant for the princess’s arrest was issued in France in December 2017. Appearing in court in July, Saidi denied hitting Eid, despite marks on the complainant’s wrists and bruises on his face for which he was granted a five-day work stoppage. The bodyguard, who accompanies the princess on her travels in Europe and the United States,
was the only one of the three protagonists present for the trial. “When I heard the princess cry for help, I came and saw them gripping the phone,” he told the court, referring to the princess and the workman. “I grabbed him and overpowered him: I did not know his intentions,” he said of Eid, adding that during his 20 years of service for the royal family he had come across other “stories like that”. “The Arabs want photos and the princess is someone who is very important for them,” he said, suggesting that the plumber wanted to sell his photographs. The defense lawyers have questioned Eid’s credibility, arguing that he could not have been so traumatized if he came back to the residence after a few days with a bill for 21,000 euros. Prince Mohammed sparked hopes of major social and economic reform when he was elevated to crown prince in 2017. But his reputation was badly damaged by the murder of dissident writer Jamal Khashoggi at Saudi Arabia’s consulate in Istanbul last year, and he is also seen as the driving force in the Saudi military intervention in Yemen, where tens of thousands have died. AFP
NOTICE OF SPECIAL MEETING OF STOCKHOLDERS WITH AGENDA Notice is hereby given that CEMEX HOLDINGS PHILIPPINES, INC. (the “Corporation”) will hold a Special Meeting of Stockholders on October 16, 2019 at 10:00 a.m. at the Mayuree II, DUSIT THANI MANILA, Ayala Centre, Makati City, Metro Manila, Philippines. The Record Date for the determination of stockholders entitled to notice of, and to vote at, the said meeting is fixed at the close of trading hours on September 26, 2019. The agenda of the meeting is the following: 1. 2. 3.
4.
Call to Order Certification of Notice and Determination of the Existence of Quorum Amendment of the Seventh Article of the Amended Articles of Incorporation of the Corporation to increase the authorized capital stock from Five Billion One Hundred Ninety Five Million Three Hundred Ninety Five Thousand Four Hundred Fifty Four Pesos (Php 5,195,395,454.00) divided into Five Billion One Hundred Ninety Five Million Three Hundred Ninety Five Thousand Four Hundred Fifty Four (5,195,395,454) common shares with a par value of One Peso (Php1.00) per share to Eighteen Billion Three Hundred Ten Million Three Hundred Ninety Five Thousand Four Hundred Fifty Four Pesos (Php 18,310,395,454) divided into Eighteen Billion Three Hundred Ten Million Three Hundred Ninety Five Thousand Four Hundred Fifty Four (18,310,395,454) common shares with a par value of One Peso (Php1.00) per share Consideration of such other matters as may properly come during the meeting .
An explanation of the principal agenda item for stockholders’ approval is provided in the page attached to this Notice. The registration process for attendees of the Special Meeting of Stockholders will start at 9:00 a.m. Stockholders are requested to present valid proof of identification, such as driver’s license, passport, company ID or SSS/GSIS ID upon registration. For more information regarding the Special Meeting of Stockholders, please contact: Pierre Co Tel. Trunkline E-mail
: +632 849 3757+632 849 3748 : +632 849 3600 : chp.ir@cemex.com
We are not soliciting your proxy. However, in the event that you are unable to attend the meeting but wish to be represented thereat, kindly accomplish the proxy form which will be attached to the Information Statement and submit the same to the Office of the Corporate Secretary at the 34th Floor, Petron Mega Plaza Building, 358 Sen. Gil J. Puyat Avenue, Makati City on or before October 7, 2019 (Monday). For those Stockholders whose shareholdings are lodged with the Philippine Central Depository, please secure a certification from your respective brokers and send it to the Office of the Corporate Secretary at the 34th Floor, Petron Mega Plaza Building, 358 Sen. Gil J. Puyat Avenue, Makati City on or before October 7, 2019 (Monday). The proxies submitted shall be validated on or before October 11, 2019 (Friday) at the office of the Corporate Secretary. The Corporation has filed its SEC Form 17-Q (Quarter Report for 2nd Quarter 2019) and is available in the Corporation’s website, http://www. cemexholdingsphilippines.com. Upon request of a stockholder, the Corporation will furnish the stockholder, free of charge, with a copy of this SEC Form 17-Q on the day of the Special Meeting of Stockholders scheduled on October 16, 2019. Makati City, Philippines. (SGD) JANNETTE VIRATA SEVILLA Corporate Secretary September 4, 2019 EXPLANATION TO MEETING AGENDA ITEM 3 The Board of Directors of CEMEX Holdings Philippines, Inc. (“CEMEX Holdings Philippines”) is seeking shareholders’ approval to amend the Amended Articles of Incorporation to increase the corporation’s authorized capital stock from Php 5,195,395,454 divided into 5,195,395,454 common shares with a par value of PHP1.00 per common share to Php 18,310,395,454 divided into 18,310,395,454 common shares with a par value of PHP1.00 per common share. CEMEX Holdings Philippines is potentially looking to raise an amount of up to US$250 million which would allow it to improve its capital structure, fund the ongoing Solid Cement plant expansion and provide balance sheet flexibility. Given CEMEX Holdings Philippines is currently operating at already high utilization levels, the Solid Cement plant expansion is especially critical in allowing CEMEX Holdings Philippines to maintain its market position and continue to benefit from the Philippines’ long- term favorable demand outlook. The expectation is that the Solid Cement plant should be free-cash-flow accretive approximately during the second half of 2021. The proposed increase in authorized capital stock is at the current par value of PHP1.00 per common share consistent with the corporation’s Articles of Incorporation, which specifies the par value of the shares in compliance with the requirements of Philippine law. CEMEX Holdings Philippines would like to clarify that the par value of PHP1.00 per common share is not the issue price of the shares and that the amount looking to be raised would not exceed US$250 million. The proposed authorized capital stock increase will pave the way for a capital raising exercise in the form of a Rights Offering, the determination of the final terms and conditions of which (including the type, size, price and terms) has been delegated by the Board of Directors to certain members of senior management. In any case, the issue price of the Rights Offering will be decided based on various factors including the trading price at the time of the announcement and the broader equity capital market conditions. As such, the common shares created as a result of this increase in authorized capital stock may not be fully used and subscribed during the Rights Offering. Any unissued common shares remaining after the Rights Offering will be kept in the form of authorized but unissued share stock (which kept in such form is not dilutive to existing shareholders) and we have no plans for any further equity fundraising. CEMEX Holdings Philippines would also highlight that the proposed Rights Offering would be fair, transparent and equitable to all shareholders. All relevant approvals will be sought from, and appropriate disclosures would be made to, the Securities and Exchange Commission and the Philippine Stock Exchange in connection with the proposed Rights Offering. CEMEX, S.A.B. de C.V., the controlling shareholder, has been very supportive of both CEMEX Holdings Philippines and the Solid Cement plant expansion plan, and believes in the Philippines’ growth story for the long term. As CEMEX, S.A.B. de C.V. has shown in the past, CEMEX Holdings Philippines expects CEMEX, S.A.B. de C.V. to be supportive of any other actions CEMEX Holdings Philippines decides to implement, including any potential capital raise it may consider to undertake. For more information or if you have any enquiries, please contact: Pierre Co Tel. : +632 849 3757 / +632 849 3748 Trunkline : +632 849 3600 E-mail : chp.ir@cemex.com
(MS-SEPT. 13, 2019)
CYAN MAGENTA YELLOW BLACK
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Jimbo Owen Gulle, Editor lgu@manilastandard.net editor.lgustandard@gmail.com
B4
FRIDAY, SEPTEMBER 13, 2019
LOCAL GOVERNMENT UNITS
TRAVEL MOVERS.
(Left photo) New Philippine Airlines president Gilbert Sta. Maria (3rd from right) receives a plaque of appreciation from the Philippine IATA Agents Travel Association (PIATA) after speaking in the group’s 3rd general membership meeting at the Makati Shangri-La. Handing Sta. Maria the plaque are PIATA president Pat Alberto assisted by VP Carlo Severino. Witnessing are officers (from left) Sheena Shroff, corporate secretary, and Board of Trustees Bea Berenguer-Testa, Mylene Monzon, Zor Arcega, and Carla Simon. Meanwhile, (right photo) Senator Cynthia Villar (second from right) cuts the ceremonial ribbon to open the 30th Philippine Travel Mart at SMX Convention Center in Pasay City, with help from officers of the Philippine Tour Operators Association. Lino Santos
Makati clears roads in time By Joel E. Zurbano
T
HE Department of the Interior and Local Government has declared the City of Makati among the cities in Metro Manila that have fully complied with the directive to implement road clearing operations in primary and secondary roads. Makati and the cities of Las Piñas, Marikina, Valenzuela, Navotas and the municipality of Pateros comprised the six local government units shown with 100 percent compliance in a report submitted by local government operations officer Lea Evangelista to DILG National Capital Region director Maria Lourdes Agustin. The report dated Sept. 4, 2019 showed
that a total of 52,113 meters of roads and sidewalks were cleared in Makati. Makati City Mayor Abigail Binay said she was pleased with the positive DILG report, which gave credit to the efforts of the city government to promote safe and walkable streets in the city. “We are heartened by the DILG-NCR’s report showing we have fully complied
with its directive. As early as 2017, we had started to conduct road clearing operations on a daily basis, which gave us a good headstart,” Binay said. The mayor said the main objective of the campaign was to promote safety and mobility in the city for the benefit of residents as well as for all who work, do business, and/or spend their leisure time in the city. She also acknowledged the contributions of various city government offices to the success of the intensified campaign against obstructions on roads and sidewalks throughout the city. “It was not an easy task, but with the concerted efforts of our departments and offices and our strong collaboration with
concerned national agencies, we were able to clear all kinds of obstructions, including sidewalk vendors and illegally parked vehicles, to make our streets safe and walkable at all times,” Binay said. A total length of 26,621 meters of roads and 25,492 meters of sidewalk were cleared by the city’s Public Safety Department (PSD), Department of Environmental Services (DES), Department of Engineering and Public Works (DEPW), Economic Enterprise Management Office (EEMO), Makati Action Center (MAC) and Makati Veterinary Services Office through joint and separate clearing operations, in coordination with the Makati Police Department.
Caloocan cops bag 4 awards in NCR rites By Jun David MAYOR Oscar Malapitan has lauded the Caloocan City police and the Caloocan City Jail personnel for their respective exemplary performances that brought honor to the city government. Malapitan lauded the city police after it received four plaques of recognition from the Philippine National Police during the 188th anniversary of the police station held at the National Capital Region Police Office at Camp Bagong Diwa in Taguig City. Caloocan Police chief Col. Noel Flores received the plaque recognizing the city police for the following services: Largest Volume of Confiscated Illegal Drugs, Number of Arrested Persons in Anti-Illegal Drug Operations, Highest Number of Confiscated Recovered Firearms, and Best City Police Station for 2018. The Caloocan city government awarded the six policemen following their alleged successful anti-drug operations conducted last Dec. 8, 2016. At the same time, the city government awarded the Caloocan City Jail for being chosen the Best Welfare Development Unit for the 2nd Quarter of 2019 Category A and Top 10 Male dormitory award at the NCR and Top 5 Best Practice Model in Jails Security and Control in the country. “We laud the Caloocan City Police and Caloocan City Jail for the work they have put in toward this honor. You can count on the City Government’s support to reach our goal of a peaceful and disciplined city,” the mayor said.
Olongapo City Mayor Rolen C. Paulino Jr., (second from left) and Vice Mayor Aquilino Cortez (third from right) are guests of honor during the opening of SM City Olongapo Central (inset). They are joined by SM Prime Chairman for Executive Committee Hans T. Sy (left), SM Markets vice chairman Herbert T. Sy (right), SM Prime Holdings president Jeffrey Lim (second from right) and Most Reverend Bishop Bartolome Santos Jr., D.D. (third from left).
BAYOMBONG, Nueva Vizcaya—SN Aboitiz Power officials here recently handed P700,000 to provincial officials here as part of their yearly Corporate Social Responsibility assistance to the province. The check was handed by Engr. Wilhelmino Ferrer, SNAP-Magat Assistant Vice President and Plant Manager, to Governor Carlos Padilla, who said the check will benefit schoolers of the Quezon National High School and beneficiaries of the Provincial Nutriton Program in the province. “A portion of the fund amounting to P100,000 was used to purchase portable
By Rio N. Araja THE children of the late Senator Benigno “Ninoy” Aquino Jr. have given their blessing to transfer the democracy icon’s statue located at the corner of Timog Avenue, the Quezon City government said Thursday. Mayor Joy Belmonte said the city government reached out to former President Benigno Aquino III and his sisters—multimedia host-actress Kris Aquino, Balsy, Pinky and Viel—to seek their consent to transfer their father’s statue to a “better” site. The base of Ninoy’s statue was damaged by personnel of the Department of Public Works and Highways while conducting road clearing operations in a bid to ease gridlock in the Timog area. “The Aquino family has given its consent to transfer the statue to a better and more ideal location that is perfect for his stature as national hero,” Belmonte said. “They have no problem about the transfer because it will be for the greater good of everyone who are affected by the heavy traffic in the area,” she added. The city government is now arranging the transfer of Ninoy’s statue to several possible relocation sites, including the Ninoy Aquino Parks and Wildlife Center and the Manila Seedling Bank property owned by the wealthy Ayala clan. Ex-President “Noynoy” Aquino prefers the statue to be transferred to the park named after his father, but Kris wants it to be moved to the Ayala property. The city government has already written Environment Secretary Roy Cimatu to request the relocation of Ninoy’s statue to the Ninoy Aquino Parks and Wildlife, which borders the Quezon Memorial Circle, Belmonte said.
SM City Olongapo Central opens doors today Illegally cut RESIDENTS of Olongapo and Zambales can now look forward to enjoy much more than shopping when SM City Olongapo Central opens its doors to the public on Friday, Sept. 13, along Rizal Avenue at the heart of the city’s bustling business district. Combining innovative retail, integrated architecture, and green spaces, the four-level 71,943-square-meter mall will serve shoppers in Olongapo, Zambales, Bataan, and nearby provinces. It is SM Prime Holding’s 73rd mall and its second in Olongapo after SM City Olongapo Downtown. SM City Olongapo Central’s exteri-
ors are sophisticated and bold in modular patterns in neutral colors. The soaring walls of glass, shaded arcades, terraced planters, extended green walls, and mosaic pavement tiles are bringing texture, scale, unity, and life to the area. The entire mall is organized along a gently curving hallway with several atrium views toward different levels in distinct accent colors. The top level is illuminated with sufficient daylight with an expansive skylight. It is also generously planned to house a variety of events including fashion shows, concerts, exhibits, and more. The SM Store and SM Supermarket are SM City Olongapo Central’s major
anchors, along with SM mainstays like the SM Appliance Center, ACE Hardware, Our Home, Watsons, Surplus, Sports Central, as well as global brands Uniqlo and Miniso. It also has fashion boutiques including H&M, Mango, and Guess; shoe stores, sports stores, jewelry stores, bookstores, and IT stores. A Cyberzone features the latest IT and electronic goods. Eating out options include a Food Court, as well as popular local and international food fast food chains, coffee shops like Starbucks, bakeries like Breadtalk, and specialty restaurants like Cabalen, Ramen Nagi, and Mesa.
SNAP hands P700k to N. Vizcaya By Ben Moses Ebreo
Ninoy’s statue to be moved, says QC gov’t
sewing machines to be used by the dressmaking schoolers of QNHS, while the P600,000 will be used to augment funds for the implementation of the nutrition programs and activities,” Padilla said. He said the bigger fund allocation will be used for the implementation of the “Double Burden” Program, which seeks to lower the malnutrition problem among children and adults in the province. “Double Burden” refers to overweight and underweight children and adults who are the focus of the regular “Hula Hoop” activities within schools and communities. Padilla said the Hula-Hoop program, which started with three schools a few year ago, will be expanded to various schools in the province.
OFW AID. Twelve Navoteño overseas Filipino worker families receive P10,000 worth
of groceries for sari-sari store from the Overseas Workers Welfare Administration through the OWWA Balik-Pinas, Balik Hanapbuhay Program. Mayor Toby Tiangco and other city officials witnessed the ceremonial distribution of the livelihood assistance to the family beneficiaries. Jun David
lumber seized in Cagayan
By Brenda Jocson PAMPLONA, Cagayan―More than 2,491 board feet of illegally cut lumbers worth P62,265 were confiscated by police operatives in this town, as the municipal government intensifies its campaign against rampant illegal logging in the area. The Police Regional Office 2 said the lumber, which were loaded in a motorized boat, were intercepted by the Pamplona police while conducting a patrol in Barangay Tabba, in collaboration with the local government unit here and a team from the Department of Environment and Natural Resources. Police Brig. Gen. Jose Mario Espino, PRO2 director, identified the suspect transporting the lumber in assorted sizes as Silvester Aquitana, 45, a resident of Barangay Cabbagan in Pamplona. Espino said a case is being prepared against Aquitana for violation of Presidential Decree 705 or the Revised Forestry Code of the Philippines. The confiscated lumber were temporarily placed under the custody of village officials in Tabba, Pamplona, who will hand over the products to the DENR for proper disposition.
Life
Bernadette Lunas, Issue Editor manilastandardlife@gmail.com @manilastandardlife @MStandardLIFE
YOUNG LIFE
The next big YouTube PH creators
FRIDAY, SEPTEMBER 13, 2019
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Mark More
Nadia Montenegro
Raya Maurelle
By Angelica Villanueva
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NLINE platforms have allowed today’s generation to share their voice, opinions, ideas, and insights with a large audience—even from the other side of the globe.
They can write their thoughts and post them on their social media accounts, or create meaningful and relevant content and upload it to video-
Reese Lansangan
sharing website YouTube. Since its founding in 2005, YouTube has been a hub of a variety of video content. These creative, appealing, interesting uploads have helped propel the website toward becoming one of the largest on the web (it currently ranks second on Alexa’s list of top 50 global sites).
Aileene
Dwight Tamayo
Charlotte F.
Chief MAKOi
Lex in Motion
Kuys Kiko
Rea Ninja
Caleb Santos
YouTube believes in the creativity and full potential of creators. Hence, in 2011, it came up with the idea of training potential content creators in a weeklong Creator Camp where they can learn how to produce effective video projects. It has since helped over 500 creators in more than 13 countries. This year, YouTube introduces the new batch of winners of YouTube NextUp Manila. The chosen creators will be provided mentorship and network. “NextUp continues to grow not just in the number of applicants but also in the level of diversity,” said Marc Lefkowitz, head of creator and artist development at YouTube Asia Pacific. He continued, “Every year, we see more and more creators joining the contest from outside Manila representing various languages, topics, and passion points. This proves that anyone can make it on YouTube.” The 12 Filipino creators who will participate in the weeklong camp include Reese Lansangan, who uploads music videos and other vlogs to her page with nearly 91,000 subscribers as of this writing; Lex in Motion, a channel that discusses Philippine law and surviving law school that has over 17,000 subscribers; Dwight Tamayo, whose more than 17,000 subscribers get
poultry and farming tips. Biker Mark More, whose videos has raked in over 13,000 subscribers is also part of NextUp 2019 class along with Rea Ninja, known for her employment—and unemployment—tips that has drawn over 55,000 subscribers; Charlotte F (24,000+) and Raya Maurelle (25,000+), both known for their makeup and “haul” videos; Kuys Kiko, whose more than 45,000 subscribers are treated to beauty tips for men. Rounding up the list are Nadia Montenegro, whose recipe videos raked in over 70,000 subscribers; Chief MAKOi known for his seafarer vlogs and documentaries that have pulled in over 107,000 subscribers; Aileene known for diet videos she shares with her over 54,000 subscribers; and Caleb Santos, another musician with over 11,000 subscribers. Aside from getting production tips and techniques from YouTube stars, NextUp alumni, and industry experts, the 12 winners will also receive a voucher worth P105,000 to upgrade their production equipment. Support from YouTube continues after training in the way of guidance and strategic account management support from the site’s Creator and Artist Development team. “We hope that this trend will continue to further signify that YouTube is truly a home for every creator,” added Lef kowitz.
The perks of receiving allowance digitally EVERY time we blink our eyes, something turns digital. From messaging to banking to dating, almost everything can be done on the phone—sitting down, feet up. It’s quite understandable especially if it provides convenience, saves time, offers security. For instance, online payment app PayMaya provides parents a faster, safer, and more convenient way to send allowance to their children. Sending money can be done in seconds; anytime, anywhere. Moms and dads can also easily send funds to their Students receiving their weekly allowance digitally can learn how to budget their money, track expenses, and save for future purchases.
child’s PayMaya wallet from their bank account through InstaPay. By receiving allowance straight to their PayMaya account, students can avoid losing or misplacing their money. They can also track their expenses as they receive an SMS after each transaction—whether by using their PayMaya QR, virtual card, or physical card. Lyceum University of the Philippines - Batangas and soon, the University of the Philippines accept card and QR transactions. These universities, along with STI, also provide PayMaya-pow-
ered IDs to their students. Further, allowance givers and receivers can pile up on cash backs and discounts each time they transact. They also get discounts on their in-app purchases which include prepaid load, gaming pins, and select goodies at PayMaya Treats. Aside from these perks, it teaches the youth financial responsibility by allowing them to budget their money, track their expenses, and even save up a little and use their savings to purchase items that give them joy or allow them to pursue their passions.
Ariel meet with the children from the Down Syndrome Association of the Philippines.
Ariel rises up out of the sea
AND she did a meet and greet with kids at SM City North Edsa. Ariel dazzled in her sparkly emerald fin and soft curled brunette hair as she sat in a peach clam throne for The Disney Princess: Create Your Story launch at the mall. Dressed in their mermaid-inspired costumes, little princesses and other Disney fans had the rare opportunity to see Princess Ariel up close. Kids from Make a Wish Philippines and Down Syndrome Association of the Philippines also had their very own special encounters with the princess from under the sea. During the event, Disney and Little Mermaid toys and merchandise such as pillows, play sets, and Disney princess dolls were also made available in the selling booths. The toys are also available at Toy Kingdom Express outlets in The SM Store.
Princess Ariel doll with royal clips
CYAN MAGENTA YELLOW BLACK Manila
Standard FRIDAY, SEPTEMBER 13, 2019
C2
TODAY
REVISED ZONAL VALUATION – RDO NO. 96 – BONGAO, TAWI-TAWI REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE MANILA
PROVINCE: TAWI-TAWI MUNICIPALITY: BONGAO BARANGAY: IPIL
DEPARTMENT ORDER NO. 057-2019 August 8, 2019
STREET/SUBDIVISION
SUBJECT : IMPLEMENTATION OF THE REVISED SCHEDULES OF ZONAL VALUES OF REAL PROPERTIES IN THE MUNICIPALITIES OF LANGUYAN, MAPUN, PANGLIMA SUGALA, SAPA-SAPA, SIMUNUL, SITANGKAI, SOUTH UBIAN, SIBUTU, TANDUBAS, TURTLE ISLANDS (1ST REVISION) AND BONGAO (2ND REVISION), TAWI-TAWI PROVINCE WITHIN THE JURISDICTION OF REVENUE DISTRICT OFFICE NO. 96 - BONGAO, TAWI-TAWI, REVENUE REGION NO. 15 - ZAMBOANGA CITY FOR INTERNAL REVENUE TAX PURPOSES. TO
: All Internal Revenue Officers and Others Concerned
By virtue of said authority, the Commissioner of Internal Revenue has determined the zonal values of real properties in the Municipalities of Languyan, Mapun, Panglima Sugala, Sapa-Sapa, Simunul, Sitangkai, South Ubian, Sibutu, Tandubas, Turtle Islands (1st Revision) and Bongao (2nd Revision), Tawi-Tawi Province within the jurisdiction of Revenue District Office No. 96 - Bongao, Tawi-Tawi, Revenue Region No. 15 - Zamboanga City after Notice to the Public was posted on October 8 to November 16, 2018 pursuant to V.A.14(d) of Revenue Memorandum Order No. 31-2019 for the purpose. This Order is issued to implement the Revised Schedule of Zonal Values of Real Properties for purposes of computing any internal revenue tax due on sale/ transfer or any other disposition of real properties. The zonal values established herein shall apply provided the same is higher than (1) the fair market value as shown in the schedule of values of the provincial or city assessor and (2) the gross selling price/consideration as shown in the duly notarized document of sale or transfer of real property.
STREET/SUBDIVISION VICINITY
ALL LOTS
INTERIOR LOTS
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
STREET/SUBDIVISION
VICINITY
ALL LOTS
INTERIOR LOTS
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
STREET/SUBDIVISION
VICINITY
ALL LOTS
INTERIOR LOTS
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
BARANGAY: LAGASAN STREET/SUBDIVISION
VICINITY
ALL LOTS
INTERIOR LOTS
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
STREET/SUBDIVISION
VICINITY
ALL LOTS
INTERIOR LOTS
VICINITY
RECOMMENDED BY: INTERIOR LOTS
RESIDENTIAL
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
COMMERCIAL
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
STREET/SUBDIVISION PRINCIPALLY DEVOTED TO
LAND DEVOTED PRINCIPALLY TO COMMMERCIAL PURPOSES AND GENERALLY FOR THE OBJECT OF PROFIT.
INDUSTRIAL
DEVOTED PRINCIPALLY TO INDUSTRY AS CAPITAL.
AGRICULTURAL
DEVOTED PRINCIPALLY TO RAISING OF CROP SUCH AS RICE, CORN, SUGARCANE, TOBACCO, ETC. OR TO PASTURING, INLAND FISHING, SALT-MAKING, AND OTHER AGRICULTURAL USES INCLUDING TIMBERLAND AND FOREST LAND. RAWLAND, UNDEVELOPED AND UNDERDEVELOPED AREA WHICH HAS POTENTIAL FOR DEVELOPMENT INTO RESIDENTIAL, COMMERCIAL, INDUSTRIAL, INSTITUTIONAL, ETC. MUST NOT BE LESS THAN 5,000 SQUARE METERS.
VICINITY
ALL LOTS
INTERIOR LOTS
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
BARANGAY: LATO-LATO STREET/SUBDIVISION
VICINITY
ALL LOTS
INTERIOR LOTS
STREET/SUBDIVISION
MEANS AN AREA, LOCALITY, NEIGHBORHOOD OR DISTRICT ABOUT, NEAR, ADJACENT PROXIMATE OR CONTIGUOUS TO A STREET BEING LOCATED.
ALL LOTS
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
CODE CLASSIFICATION RR
GL
CR
Commercial Regular
GP*
RC
Residential Condominium
CC
Commercial Condominium
CL
Cemetery Lot
A
I X APD
Agricultural
STREET/SUBDIVISION
VICINITY
CODE CLASSIFICATION
Residential Regular
PS
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
BARANGAY: LUUK TULAY
ALL LOTS
CLASSIFICATION LEGEND:
INTERIOR LOTS
Government Land
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
BARANGAY: MALASA STREET/SUBDIVISION
Institutional Area for Priority Development
VICINITY
ALL LOTS
Parking Slot
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
BARANGAY: MANDULAN STREET/SUBDIVISION
A1
Riceland Irrigated
A26
Bamboo Land
A2
Riceland Unirrigated
A27
Peanut Land
A3
Upland
A28
Soy beans Land
A4
Coco Land
A29
Grape vineyard
A5
Citrus Land
A30
Pepper Land
A6
Fishpond
A31
Mineral Land
A7
Swamp
A32
Non Metallic mineral Land
A8
Nipa Land
A33
Coal Deposit
VICINITY
ALL LOTS
A9
Cotton Land
A34
African Oil Land
Cogon
A35
Rubber Land
INTERIOR LOTS
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
PROVINCE: TAWI-TAWI MUNICIPALITY: BONGAO BARANGAY: MASANTONG STREET/SUBDIVISION
ALL LOTS
INTERIOR LOTS
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
PROVINCE: TAWI-TAWI MUNICIPALITY: BONGAO BARANGAY: SILOBBOG STREET/SUBDIVISION
VICINITY
ALL LOTS
INTERIOR LOTS
STREET/SUBDIVISION
VICINITY
ALL LOTS
INTERIOR LOTS
STREET/SUBDIVISION
VICINITY
ALL LOTS
INTERIOR LOTS
VICINITY
ALL LOTS
INTERIOR LOTS
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
BARANGAY: TONGSINAH STREET/SUBDIVISION
VICINITY
ALL LOTS
INTERIOR LOTS
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
BARANGAY: TUBIG-BASAG STREET/SUBDIVISION
VICINITY
INTERIOR LOTS
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
PROVINCE: TAWI-TAWI MUNICIPALITY: BONGAO BARANGAY: TUBIG-BOH STREET/SUBDIVISION
VICINITY
ALL LOTS
INTERIOR LOTS
STREET/SUBDIVISION
VICINITY
ALL LOTS
INTERIOR LOTS
A11
Abaca Land
A36
Forest Land/Timber Land
Orchard
A37
Horticultural Land
A13
Pineapple Land
A38
Salt Beds
A14
Banana Land
A39
Seashore
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
BARANGAY: MONTAY-MONTAY STREET/SUBDIVISION
Pasture Land
A40
Resort
A16
Corn Land
A41
Sandy/Stony
A17
Sugar Land
A42
Prawn pond
A18
Tobacco Land
A43
Sorghum
A19
Cacao
A44
Ipil-ipil
A20
Lanzones
A45
Kangkong
A21
Durian
A46
Zarate
A22
Rambutan
A47
Vegetable Land
A23
Mango
A48
Coffee
A24
Mangrove
A49
Mountainous / Hilly Areas
A25
Camote/Cassava
A50
Other Agricultural Lands
VICINITY
ALL LOTS
INTERIOR LOTS
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
STREET/SUBDIVISION
VICINITY
ALL LOTS
INTERIOR LOTS
VICINITY
ALL LOTS
PROVINCE: TAWI-TAWI MUNICIPALITY: BONGAO BARANGAY: POBLACION
INTERIOR LOTS
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
BARANGAY: PAG-ASA
NFA WAREHOUSE SIMANDAGIT PASIAGAN-WHARF OF LAMION ALONG PAHUT ROAD SANGA- SANGA
PROPOSED KASULUTAN BOULEVARD 1ST ST.- BADJAO VILLAGE RIDJIKI BLVD. LAMION- SALAMAT SANGA- SANGA SALAMAT CORNER DATU HALUN SCHOOL OF FISHERIES SUKURAN DATU HALUN RIDJIKI BLVD. ALL OTHER ST.
INTERIOR LOTS
VICINITY
INTERIOR LOTS
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
STREET/SUBDIVISION
VICINITY
ALL LOTS
CLASSIFI- 2ND REV. CATION ZV/SQ.M. CR 1,313.00 CR 1,450.00
STREET/SUBDIVISION
VICINITY
ALL LOTS
INTERIOR LOTS
CR CR CR RR RR RR CR RR X A50 RR RR A50 RR RR A50 RR RR CR A50
1,688.00 1,360.00 1,360.00 720.00 675.00 675.00 1,310.00 345.00 1,190.00 148.00 265.00 425.00 123.00 263.00 245.00 128.00 245.00 245.00 1,593.00 123.00
BARANGAY: PAG-ASINAN
RR CR CR GP RR
828.00 1,405.00 1,063.00 148.00 245.00
BARANGAY: PAKIAS
STREET/SUBDIVISION
VICINITY
ALL LOTS
INTERIOR LOTS
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
PROVINCE: TAWI-TAWI MUNICIPALITY: BONGAO BARANGAY: PAGATPAT STREET/SUBDIVISION ALL LOTS
INTERIOR LOTS
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
VICINITY
ALL LOTS
INTERIOR LOTS
STREET/SUBDIVISION
VICINITY
VICINITY
ALL LOTS
INTERIOR LOTS
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
CLASSIFI- 1ST REV. CATION ZV/SQ.M. CR 350.00 RR 300.00 A1 90.00 A4 275.00 A14 78.00
MUNICIPALITY: PANGLIMA SUGALA BARANGAY: ALL BARANGAYS VICINITY
ALL LOTS
CLASSIFI- 1ST REV. CATION ZV/SQ.M. CR 350.00 RR 300.00 A1 108.00 A3 225.00 A4 225.00 A11 80.00 A14 80.00 A16 64.00 A23 225.00 A25 225.00 A48 200.00
PROVINCE: TAWI-TAWI MUNICIPALITY: SAPA-SAPA BARANGAY: ALL BARANGAYS VICINITY
ALL LOTS
CLASSIFI- 1ST REV. CATION ZV/SQ.M. RR 250.00 A4 175.00 A25 33.00
MUNICIPALITY: SIMUNUL BARANGAY: ALL BARANGAYS STREET/SUBDIVISION
BARANGAY: PAHUT STREET/SUBDIVISION
STREET/SUBDIVISION
STREET/SUBDIVISION VICINITY
CLASSIFI- 1ST REV. CATION ZV/SQ.M. RR 450.00 A1 275.00 A4 300.00 A11 73.00 A14 88.00 A25 300.00 A31 375.00 A32 325.00
MUNICIPALITY: MAPUN BARANGAY: ALL BARANGAYS
STREET/SUBDIVISION CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
PROVINCE: TAWI-TAWI MUNICIPALITY: LANGUYAN BARANGAY: ALL BARANGAYS
ALL LOTS
STREET/SUBDIVISION
Revenue Region No. 15 - Zamboanga City Revenue District Office No. 96 - Bongao, Tawi-Tawi
DATU HALUN RIDJIKI BLVD. RIDJIKI BLVD-PROPOSED ROAD WHARF-NALIL NALIL- PASIAGAN HOLY FAMILY HOSPITAL SITE DATU HALUN SCHOOL OF FISHERIES CORNER RIDJIKI BLVD.
ALL LOTS
BARANGAY: NALIL
BARANGAY: PABABAG
DATU HALUN RIDJIKI BLVD. CORNER PROPOSED ROAD
VICINITY
ALL LOTS VICINITY
INTERIOR LOTS
A15
VICINITY
STREET/SUBDIVISION
STREET/SUBDIVISION
ALL LOTS
A12
PAHUT ROAD PASIAGAN ROAD
VICINITY
BARANGAY: UNGUS-UNGUS
A10
LAMION SIMANDAGIT NALIL ROAD
BARANGAY: SANGA-SANGA
BARANGAY: TUBIG-TANAH
AGRICULTURAL LANDS
AWWAL AWWAL PROPOSED EXTENSION BAGAY CHINESE PIER ROAD DATU HALUN DATU HALUN ROAD FATHER LAQUER ST. KAHAPAN LAMION
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
BARANGAY: TUBIG-MAMPALAM
General Purposes Industrial
INTERIOR LOTS
STREET/SUBDIVISION
INTERIOR LOTS
ALL LOTS VICINITY
INTERIOR LOTS VICINITY
ALL LOTS
STREET/SUBDIVISION
BARANGAY: LUUK PANDAN GENERAL PURPOSE
VICINITY
BARANGAY: TARAWAKAN
PROVINCE: TAWI-TAWI MUNICIPALITY: BONGAO BARANGAY: LAPID-LAPID
LAND/CONDOMINIUM HABITATION.
BARANGAY: PASIAGAN
BARANGAY: SUMANGAT
ALL LOTS
DEFINITION OF TERMS
INTERIOR LOTS
CLASSIFI- 2ND REV. CATION ZV/SQ.M. RR 375.00 A50 35.00 GP 83.00 RR 195.00
BARANGAY: SIMANDAGIT
BARANGAY: LAKIT-LAKIT
STREET/SUBDIVISION
CAESAR R. DULAY Commissioner of Internal Revenue
ALL LOTS
STREET/SUBDIVISION
BARANGAY: LAMION
CARLOS G. DOMINGUEZ Secretary of Finance
VICINITY
STREET/SUBDIVISION
BARANGAY: KAMAGONG
This Order shall take effect immediately.
1
BARANGAY: PANYOGAN
BARANGAY: KARUNDONG
Section 4 of Republic Act 10963, otherwise known as the Tax Reform for Acceleration and Inclusion (TRAIN) Law, amending Section 6 (E) of National Internal Revenue Code (NIRC) of 1997 authorizes the Commissioner to divide the Philippines into different zones or areas and shall determine the fair market value of real properties located in each zone or areas, subject to automatic adjustment once every three (3) years.
FRIDAY September 13, 2019
VICINITY
ALL LOTS
CLASSIFI- 1ST REV. CATION ZV/SQ.M. CR 350.00 RR 275.00 A4 225.00 A25 45.00
MUNICIPALITY: SITANGKAI BARANGAY: ALL BARANGAYS STREET/SUBDIVISION ALL LOTS
VICINITY
CLASSIFI- 1ST REV. CATION ZV/SQ.M. CR 350.00 RR 275.00 A4 225.00 A25 51.00
CYAN MAGENTA YELLOW BLACK
Motoring
FRIDAY, SEPTEMBER 13, 2019
C3
NUMBER 1
Presidential rides on display Text and photos by Diana B. Noche
A
FEW years ago, the most expensive luxury car in the world was a Sweeptail Rolls Royce. It costs a whopping $13 million. Fast forward to 2019. Cadillac One, or “The Beast,” is US President Donald Trump’s official car, of titanium and is considered the safest presidential car in current use. Cadillac One travels with a refrigerator well-stocked with President Trump’s blood type, as well as a considerable range of medical supplies in the event he is injured. MUNICIPALITY: SOUTH UBIAN BARANGAY: ALL BARANGAYS STREET/SUBDIVISION
VICINITY
CLASSI- 1ST REV. FI-CATION ZV/SQ.M.
ALL LOTS
RR
275.00
A50
225.00
PROVINCE: TAWI-TAWI MUNICIPALITY: TANDUBAS BARANGAY : ALL BARANGAYS STREET/SUBDIVISION
VICINITY
CLASSI- 1ST REV. FI-CATION ZV/SQ.M.
ALL LOTS
RR
245.00
A4
185.00
A25
66.00
MUNICIPALITY: TURTLE ISLANDS BARANGAY: ALL BARANGAYS STREET/SUBDIVISION
VICINITY
CLASSI- 1ST REV. FI-CATION ZV/SQ.M.
ALL LOTS
RR
265.00
A4
148.00
MUNICIPALITY: SIBUTU (New Municipality, formerly part of Sitangkai) BARANGAY: ALL BARANGAYS STREET/SUBDIVISION
VICINITY
CLASSI- 1ST REV. FI-CATION ZV/SQ.M.
ALL LOTS
CR
325.00
RR
275.00
A4
160.00
A25
48.00
“The Beast” also carries on board a fully equipped life support machine, its interior sealed against chemical and biological attack, and has the most modern communication system. When under attack, its front has tear gas cannons mounted on it, a 20-cm thick bullet proof undercarriage, and can outpace an unfriendly observer on its run-flat Kevlar tires. And the whole package cost the American taxpayers $1.5 million. Now, a $13M Rolls Royce may be droolworthy, but the memory and breathlessness of seeing the Cadillac One whizzing by will hang around in the head for a long time. What is also amazing with “The Beast” is it goes wherever President Trump goes. A C-17 Globe Master Transport Airplane carries it under the critical eyes of the US Secret Service, with a complement of a Chevrolet and a second limousine to spare. The Office of the President entails an allencompassing ministration of various duties to the people and the country it represents. The President’s security is, therefore, a prime concern. A presidential car provides for a safe transit to various destinations and back. Franklin D. Roosevelt’s convertible car, the Sunshine Spe-
The late president Manual Quezon once rode on this 1937 Chrysler Airflow Customs Imperial.
cial, was modified after the 1942 Pearl Harbor attack to include bulletproof glass and armored plating, plus a slot to accommodate a submachine gun. President Lyndon Johnson had the Amphicar, alternately usable to run from ground to water. Angela Merkel of Germany rides an Audi AB LW12 with a fire extinguisher system. The British Queen has a Bentley State Limousine and honor guards around it. Japan’s Emperor uses a Toyota Century-Royal; the Chinese President rides a Honqqi L5; the South Korean President, a Hyundai Equus; and the Russian President an Aurus Senat capable of 250kph. All cars were specifically built with security and safety as prime consideration. Sometimes it takes pure luck to be out of an assassin’s crosshairs. On July19, 2017 five were injured and three PSGs assigned to President Rodrigo Duterte en route to Arakan, North Cotabato as the President’s advance party were killed by NPA rebels. President Duterte was still in Manila when the ambush happened. It also doesn’t do a lot for a president to connect with the people using a car with a bare topside. President John Kennedy was an easy target in the 1961 black Lincoln Continental 74A he was riding in.
CERTAIN GUIDELINES IN THE IMPLEMENTATION OF ZONAL VALUATION OF REAL PROPERTIES FOR RDO NO. 96 - BONGAO, TAWI-TAWI 1.
NO ZONAL VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR CLASSIFICATION OF REAL PROPERTY. WHEREIN THE APPROVED SCHEDULE OF ZONAL VALUES FOR A PARTICULAR BARANGAY a.) NO ZONAL VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR CLASSIFICATION IN A PARTICULAR STREET/SUBDIVISION IN A BARANGAY, THE ZONAL VALUE PRESCRIBED FOR THE SAME CLASSIFICATION OF REAL PROPERTY LOCATED IN THE OTHER STREET/SUBDIVISION WITHIN THE SAME BARANGAY OF SIMILAR CONDITIONS SHALL BE USED; AND b.) NO ZONAL VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR CLASSIFICATION OF REAL PROPERTY IN ONE BARANGAY, THE ZONAL VALUE PRESCRIBED FOR THE SAME CLASSIFICATION OF REAL PROPERTY LOCATED IN AN ADJACENT BARANGAY OF SIMILAR CONDITIONS SHALL BE USED.
2.
PREDOMINANT USE OF PROPERTY. a.) ALL REAL PROPERTIES, REGARDLESS OF ACTUAL USE, LOCATED IN A STREET/BARANGAY/ZONE, THE USE OF WHICH ARE PREDOMINANTLY COMMERCIAL SHALL BE CLASSIFIED AS “COMMERCIAL” FOR PURPOSES OF ZONAL VALUATION b.) THE PREDOMINANT USE OF OTHER CLASSIFICATION OF PROPERTIES LOCATED IN A STREET/BARANGAY/ZONE, REGARDLESS OF ACTUAL USE SHALL BE CONSIDERED FOR PURPOSES OF ZONAL VALUATION.
3.
ZONAL VALUES OF CONDOMINIUM UNIT/TOWNHOUSE: IF THE TITLE OF A PARTICULAR CONDOMINIUM UNIT/TOWNHOUSE IS a.) A CONDOMINIUM CERTIFICATE OF TITLE (CCT), THE ZONAL VALUE OF THE LAND AND THE IMPROVEMENTS SHALL BE TREATED AS ONE; OR b.) A TRANSFER CERTIFICATE OF TITLE (TCT), THE LAND AND IMPROVEMENT SHALL BE GIVEN SEPARATE VALUES, i.e. ZONAL VALUE/GROSS SELLING PRICE/FAIR MARKET VALUE PER LATEST TAX DECLARATION WHICHEVER IS HIGHER AND, IN THE ABSENCE OF ZONAL VALUATION, PROPERTY SHALL BE VALUED PURSUANT TO RAMO 2-91. THE GROUND FLOOR OF THE RESIDENTIAL CONDOMINIUM SHALL BE CLASSIFIED AS COMMERCIAL AND TWENTY PERENT (20%) OF THE ESTABLISHED VALUE SHALL BE ADDED THERETO.
4.
AREAS FOR PRIORITY DEVELOPMENT(APD). THESE ARE AREAS IDENTIFIED AS AREAS FOR PRIORITY DEVELOPMENT CERTIFIED TO AS SUCH BY THE HOUSING AND LAND USE REGULATORY BOARD (HLURB). IF IT IS UTILIZED FOR SOCIAL HOUSING, IT SHALL BE CERTIFIED TO AS SUCH BY THE PROPER GOVERNMENT AGENCY SUCH AS, PRESIDENTIAL COMMISSION ON URBAN POOR (PCUP), NATIONAL HOUSING AUTHORITY (NHA), ETC. SECOND SALE OF LOT IDENTIFIED AS LOCATED IN THE APD SHALL NO LONGER BE VALUED AS AN APD AND SHALL BE TREATED AS AN ORDINARY REAL PROPERTY.
5.
DIVISION OF A BARANGAY IN THE EVENT THAT AN EXISTING BARANGAY IS DIVIDED INTO TWO OR MORE BARANGAYS, THE ZONAL VALUE PRESCRIBED FOR THE EXISTING BARANGAY SHALL BE USED FOR THE NEWLY CREATED BARANGAY
6.
1947 Cadillac Fleetwood Series 75 belonged to the late Manual Roxas.
Most presidential cars are colored black. In the Philippines, the President’s official cars have been black with the exception of Ramon Magsaysay who rode in a white 1953 Ford Convertible to his inauguration. US Presidents have used black cars as well, except for President Dwight Eisenhower who rode in a white 1953 Cadillac El Dorado convertible, a gift from General Motors. President Rodrigo Duterte went to his inauguration in a white Toyota Land Cruiser shielded by black Nissan Patrols. President Benigno Aquino III rode in a Lexus LX570. President Ferdinand Marcos rode in a customized black 1962 Cadillac 4-Dr Convertible. Monochrome black is the most preferred color for presidential cars for practical purposes. It is the cheapest to make and apply unlike blue, maroon, red, and violet which are expensive to make. Black cars imply elegance, formality, authority, and power usually related to monarchy. This color inclination likewise applies to escort cars. In the USA, when a President leaves office,
the official car is disposed of by the Secret Service by blowing it up to bits with explosives and high powered guns so as not to leave traces of the secrets and official businesses that happened inside the car. The same fate, however, is not true with other presidential cars. President John Kennedy’s 1961 Lincoln Continental SS-100-X and President Franklin Roosevelt’s Sunshine Special are lodged in the Henry Ford Museum in Dearborn, Michigan. Filipinos must be an awful lot sentimental people. We put a deep emotional affinity to things that we once held dear to us, things that define our past lives. Part of the reason why we hoard evidence of long-ago times is simple nostalgia, memories that still burn bright, sentimental and uplifting, make us meditative or smile. The National Historical Commission and the Quezon City government must have felt the same way too --- the reason why the Presidential Car Museum, situated within the Quezon Memorial Circle grounds, came into being. Museums preserve art and culture, and his-
PARKING SLOT (PS) IF NO ZONAL VALUE HAS BEEN PRESCRIBED FOR PARKING SLOTS, THE VALUE SHOULD BE 60% OF THE AMOUNT OF THE UNIT SOLD
7.
INSTITUTION (X) THESE ARE AREAS FOR SCHOOL, HOSPITAL AND CHURCHES. IF NO ZONAL VALUE HAS BEEN PRESCRIBED, THE COMMERCIAL VALUE OF THE PROPERTY NEAREST TO THE INSTITUTION, WITHIN THE SAME BARANGAY AND STREET SHALL BE USED
8.
ZONAL VALUE OR FMV ESTABLISHED IN THE SCHEDULE OF VALUES OF ASSESSORS. THE ZONAL VALUES ESTABLISHED HEREIN SHALL APPLY IN COMPUTING ALL INTERNAL REVENUE TAXES (i.e. CAPITAL GAINS, CREDITABLE WITHHOLDING, ESTATE, DONOR’S AND DOCUMENTARY STAMP TAXES) DUE ON SALES, EXCHANGES, OR OTHER DISPOSITIONS OF REAL PROPERTY. PROVIDED , THAT THE SAME IS HIGHER THAN (1) THE FAIR MARKET VALUES AS SHOWN IN THE SCHEDULE OF VALUES OF THE PROVINCIAL AND CITY ASSESSORS (i.e. LATEST TAX DECLARATION) AND (2) THE GROSS SELLING PRICE AS SHOWN IN THE DULY NOTARIZED DOCUMENT OF SALE OR EXCHANGE AT THE TIME OF SALE OR EXCHANGE. PROVIDED, HOWEVER, THAT THE VALUE OF PROPERTY TO BE USED IN COMPUTING ESTATE AND DONOR’S TAXES SHALL BE (1) THE FAIR MARKET VALUE AS DETERMINED BY THE COMMISSIONER OF INTERNAL REVENUE (i.e. ZONAL VALUES) OR (2.) THE FAIR MARKET VALUE AS SHOWN IN THE SCHEDULE OF VALUES OF THE PROVINCIAL/CITY/MUNICIPAL ASSESSOR, WHICHEVER IS HIGHER.
Car tire maker Michelin unveils at the Manila Polo Club in Makati City the Michelin Energy XM2+, which is touted to have a longer mileage and a shorter wet braking distances of 1.5 m on new tire and 2.6 m on worn-out tire. Michael Nunag, Chief Representative to the Philippines, answers questions from the media beside the Michelin mascot Bibendum. DIANA NOCHE
torical artifacts and have the ability to influence people to turn away from the everyday world-weariness and to re-examine subjects of thought with a fresh perspective. Both government agencies have painstakingly collaborated to conserve and display Philippine presidential cars in the museum and it has drawn in mixed groups of visitors. The cars were originally kept in a private warehouse in Pampanga. The architecture of the museum is an influence of the Philippine flag, shaped like an equilateral triangle. There are eight dividers between cars, denoting the eight rays of the sun in our flag. President Emilio Aguinaldo used a 7-seater 1924 Packard Single 6 233 Series. It had wood and vinyl interiors and was one of the top luxury cars in the1920s. Sometimes President Aguinaldo would use a horse-drawn carriage in the course of his tenure. President Manuel Quezon used a 1937 Chrysler Airflow Custom Imperial CW. It was the only one of its kind in the Philippines. The car was a 4-dr Sedan, with a 5.3 liters inline 8-cyl engine, 131PS power, 338 Nm torque, and a 3-speed manual floor shift for transmission, with a wheelbase of 3,721 mm (146.5 inches). It seated five passengers and was used by President Quezon from 1937 to 1941. He also used a 1934 Cadillac V16 Transformable Town Car Cabriolet, formerly used by Gen. Douglas MacArthur. President Jose P. Laurel used a 1942 Packard Custom Super Eight One-Eighty Limo during the Japanese-sponsored government from 1943 to 1945. It was from the Japanese Administration. It had a 3-speed manual transmission, a 5.8 liter inline 8-cyl engine and 162PS power. First introduced in 1940, the Packard was exclusively designed for the society’s elite and heads of state. The interior of the car is decorated with that period’s best fabrics, leather and carpeting, plus a wool ceiling. President Sergio Osmena also used this car. President Manuel Roxas used a 1947 Cadillac Fleetwood Series 75 Limousine during his 1946-1948 tenure. The car had a large grille in front that reached the fender, a 3-speed manual transmission, 5.6 L inlineV8 cylinder and 137 PS power. President Ramon Magsaysay used a Cadillac Series 75-23 with a 4-speed automatic, 5.4 gasoline, V8 cylinder engine and 253 PS power. This car had the longest use until President Ferdinand Marcos’ term which he used as reserve car. President Ferdinand Marcos used a 1980 Lincoln Continental Mark VI Signature Series. It has a keyless entry and a digital gauge cluster with a trip computer indicating “miles to empty” and “estimated time of arrival”. At the same time, Imelda Marcos used a 1960 Rolls Royce Phantom V, the same kind that Queen Elizabeth II, the Shah of Iran, Hong Kong’s British Governor, and Yugoslavian dictator Josip Bros Tito used. President Corazon Aquino used a 1986 Mercedes Benz 500EL while President Fidel Ramos used a 1986 Mercedes Benz 500SEL Guard. President Ramos’s car comes with a thinner (than President Aquino’s 500EL) bulletproof glass and ballistic panels. A switchboard inside the car controls the lights and sirens, as well as “check” button for modules and fuse control. It is a 4-speed automatic car that runs on 5.0 L and V8 cylinder at 223PS power. President Joseph Estrada used a 1993 Mercedes Benz S600. President Gloria Macapagal Arroyo rode in a 1993 Mercedes Benz S600 Limousine V140, one of the country’s largest and longest state vehicles. This model is 45 cm longer than the standard, has a higher roof, and taller rear window. The car was armored by O’Gara and Hess, a US-based firm, and features four layers of thick laminate glass featuring special films in between to catch small and large arms round to disperse the impact. In the left-hand rear door, an armrest hides a hidden gun compartment. She also used various cars—a 200BMW 750 iL (E38) High Security, and a Mercedes Benz S-Class W220 Guard. There is no record of President Carlos Garcia’s official car. It is believed to have been lost among the mangroves of Talibon, Bohol. Other vehicles of historic value inside the museum are the “kalesa” of Leon Apacible, one of the authors and signors of the 1899 Malolos Constitution; and the1943 Willys Jeep used by President Ramon Magsaysay, a gift from Gen. Douglas MacArthur, and which Magsaysay used while he was Secretary of National Defense during the Quirino administration.
Motoring
RAMON L. TOMELDAN Editor
C4
FRIDAY, SEPTEMBER 13, 2019
A NEW HYBRID ERA BEGINS
A
NEW hybrid era has begun in the country on September 9, 2019 when Toyota Motor Philippines (TMP) unveiled the all-new Toyota Corolla Altis during a high-tech media presentation at the grand ballroom of Text and photo the Grand Hyatt Hotel by Lester Dizon in Bonifacio Global City (BGC), Taguig. The new vehicle marked another milestone in TMP history as the new Corolla Altis is the first in model to feature all three of the company’s latest technologies—Toyota New Global Architecture evates the Corolla image by enhancing (TNGA), Toyota Safety performance, comfort and convenience Sense (TSS), and Toyota while providing peace of mind with its advanced safety features. Hybrid Technology. Ever-Better Cars
Toyota makes ‘even better’cars
TMP President Satoru Suzuki proudly stated that the all-new Corolla Altis is the first-ever model to be launched in the Philippines that completely embodies Toyota’s philosophy of “Ever-Better Cars“. “TNGA is the new standard of design and engineering and provides ‘Ever-Better Performance‘. TSS offers our customers with ‘Ever-Better Lives‘ while our Hybrid Technology helps create an ‘Ever-Better World‘”, said Suzuki. The new Corolla Altis lineup includes a hybrid electric variant, the 1.8 V Hybrid CVT, marking the first time that the Toyota Hybrid technology is made available in a mainstream, high-volume model. This further boosts Toyota’s push to provide technologically-advanced and sustainable mobility options to more Filipinos. The new Corolla Altis features improved performance and accentuated appeal while retaining its legacy imbued in many Filipinos by the classic Corolla models. The new car el-
With the TNGA platform, the new Corolla Altis has significantly improved its agility, stability, and visibility. The driver will feel more in control as the lower center of gravity and improved suspension provide less roll and sharper vehicle response. Visibility is better due to the reduced cowl height, thinner instrument panel, and re-positioned mirrors. Both the driver and passengers will be pampered throughout the drive with improved sound insulation for a quieter cabin and a more comfortable ride. Staying true to TNGA’s pillars—Core Strength and Emphasized Personality, the vehicle’s overall drive quality and appeal is elevated in pursuit of making “Ever-Better Cars”. The exterior of the new Corolla Altis now features the signature Toyota trapezoidal lower grille that exudes a strong and wide stance while mounted above the grille is the Toyota emblem, centered at one sharp character line formed by the upper grille and headlamps. The 1.8 V Hybrid CVT and 1.6 V CVT variants feature defined bi-beam LED headlam-
ps and LED line guide daytime running lights (DRL). The vehicle’s side view features a more dynamic and active look to emphasize the low center-of-gravity along with the front and rear bumpers. The tail section of the new car features sleek LED rear combination lamps that complement the striking look of the headlamps. The 1.8 V Hybrid CVT and 1.6 V CVT variants roll on sportier 17inch alloy wheels. Consistent with the sleek exterior, the interior adopts a minimalist design for increased sophistication and class. The simple and spacious cabin increases functionality and guarantees driver and passenger comfort to make driving the new Corolla Altis truly exquisite. Hybrid and Regular Variants In line with the Toyota Environmental Challenge 2050, the environment-friendly Hybrid Electric Vehicle (HEV) is now more accessible with the P1,580,000 Corolla Altis 1.8 V Hybrid CVT. It is powered by a 1,798 cubic centimeter Atkinson cycle inline 4-cylinder engine with intelligent variable valve timing (VVT-I), double overhead camshafts (DOHC) and sixteen valves (16V) that works in conjunction with an electric motor for a total maximum power output of 121 horsepower and
142 Newton-meters of torque. Hybrid Technology provides a smooth and quiet ride with better fuel efficiency while the battery self-charges during the drive. Three driving modes are available – Sport, Eco, Normal – giving the driver more control. The regular variants of the new Corolla Altis are powered by a 1,598 cc inline four-cylinder engine with DOHC, 16V and Dual VVT-I that produces 121 horsepower and 153 Newton-meter of torque. All variants will feature the MacPherson Strut/Double Wishbone Type suspension, which provides excellent handling with a more stable and comfortable ride. Using Technology for Safety and Peace of Mind All variants of the new Corolla Altis are equipped with seven SRS airbags, Anti-lock Brake System (ABS) with Electronic Brake Force Distribution (EBD), Vehicle Stability Control (VSC), Hill Start Assist (HSA), and 3-point Emergency Locking Retractor (ELR) seat belts for the driver and all passengers to provide a reassuring sense of security. The high-strength frame of the vehicle adopts a body structure that is designed to absorb impact and disperse the collision energy to minimize cabin
deformation in the event of a collision. Structure of the engine hood and cowl louver has also been developed to reduce impact energy to a pedestrian in the unlikely event of a collision. The 1.8 V Hybrid CVT is the second variant in the TMP’s official lineup to feature TSS. While some available features were already introduced in the Hiace Super Grandia Elite, such as the PreCollision System (PCS), Lane Departure Alert (LDA), and Automatic High Beam (AHB), several new features that are now available in the new Corolla Altis include the Lane Tracing Assist (LTA), which helps keep the vehicle centered by applying force on the steering to assist the driver in avoiding unintended lane departure. LTA works in concert with Dynamic Radar Cruise Control (DRCC), which drives the vehicle at a constant preset speed when Cruise Control is activated and will adjust within the set cruise speed upon detection of another vehicle in front to maintain appropriate distance. Full speed range following function enables the vehicle to decelerate down to a stop when the vehicle in front comes to a full stop. This system is a variation of the Adaptive Cruise Control (ACC) that is included in the Hiace Super Grandia Elite.
Hypercars hype-up: Wearnes wins exclusive deal WEARNES Automotive, a leading distributor and retailer of premium cars in Southeast Asia, has announced that the company will be the exclusive partner of Koenigsegg, Pininfarina and Rimac hypercars. These brands will be part of the Prestige Division which recently added Alpine and Lotus to its stable of brands including Bentley and Aston Martin. The company will be able to sell Koenigsegg, Pininfarina and Rimac hypercars across Asia. “There is an increase in demand and a growing appetite among Asian customers for hypercars. Our customers form an exclusive group of automobile collectors in search of the very best,” says Mr Andre Roy, Chief Executive Officer. “These three new brands will add to the portfolio in our Prestige Division. Coupled with our expertise and experience in the ultra- luxury segment, we are confident of further strengthening our position in this segment.”
Koenigsegg has set numerous word records.
To help high-end car collectors enhance, preserve and protect their investments, Wearnes Automotive has also embarked on building a state-of-the-art, climate-controlled bonded car storage facility in Singapore. This will allow luxury car collectors to store their rare, limited- edition and classic cars in an exclusive and secure environment. The Next Frontier—The Koenigsegg Jesko Koenigsegg Automotive AB was started in Sweden by Christian von Koenigsegg in 1994, with the ambition of creating the perfect hypercar. The Koenigsegg CC prototype was completed in 1996—just two years after the project began—and boasts a unique carbon body with a detachable roof. Under Christian’s keen and direct guidance, Koenigsegg now sets numerous world records. Each and every Koenigsegg is painstakingly built by a select group of automotive artisans to the
Hypercars like the Sweden-made Koenigsegg are the latest addition to Wearnes stable.
highest possible standards. The manufacturing and assembly of components used in a Koenigsegg are incredibly labour-intensive processes, using only the best materials. Wearnes Automotive launches with the Koenigsegg Jesko, an all-new hypercar that was recently unveiled at the 2019 Geneva International Motor Show. Featuring a redesigned 5.0 litre twinturbo V8 engine producing 1280 horsepower on standard gasoline and 1600 horsepower on E85 biofuel, the Jesko is set to be the leading track-focused, road-legal car for those looking for the ultimate in vehicle performance. Pininfarina Battista—The World’s First Pure Electric Luxury Hyper GT In 2014, the chairmen of Pininfarina SpA and Mahindra & Mahindra Ltd.,
Paolo Pininfarina and Anand Mahindra, discussed and agreed upon how their respective companies’ strengths could combine to truly change the automotive landscape. The relationship then developed with an agreement confirming that the legendary Italian carrozzeria, with almost 90-year history, Pininfarina SpA build and design the world’s first electric luxury hyper GT through a new company called Automobili Pininfarina. The new company’s sole objective is to design and market Pininfarina-branded cars that will embody everything that Pininfarina stands for—with each car combining beauty and innovation that is ahead of its time, and yet is timeless and instantly desirable. To meet the demand of all-electric hy-
percars in Asia, Wearnes will debut the Pininfarina Battista, expected to arrive in 2020. This car will be the most powerful road-legal car ever designed and built in Italy, boasting 1,900 horsepower and 2,300 Nm torque with zero emissions. The engine will thrust the Battista from zero to 100 km/h in less than two seconds, and yet is capable of a range of 450 kilometres on one charge with a 120 kWh Li-ion battery pack. Rimac C_Two—An Electric Hypercar Alive with Technology Founded in Croatia in 2009, Rimac started as a garage project, which then grew into a globally recognised technology leader, built upon the passion and vision of the company’s Founder and CEO Mate Rimac. With a strong belief that electric propulsion systems can be used to power the new generation of sports cars that enables them to be better, faster and more exciting, Mate set out to demonstrate this by developing the company’s flagship, the Concept_One. The car debuted in January 2013 and was entirely designed, developed and manufactured in-house. Expected to launch in 2020 is the Rimac C_Two, the world’s most powerful electric hypercar, demonstrating Rimac’s expertise in high-performance vehicle systems. Powered by a fourmotor powertrain system with 1,914 horsepower and 2300 Nm of torque, the C_Two accelerates from zero to 100km/h in 1.85 seconds, and reaches 300km/h in 11.8 seconds.