Manila Standard Today - July 28, 2012 Issue

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CYAN MAGENTA YELLOW BLACK
Voting on CJ shortlist
postponed to Aug. 2
Beijing rejects UN body as arbiter
Death toll
in Basilan
clash: 19
Palace says
no revamp
next week
RH group to junk
bishops poll bets
Fernando Poe Jr. is proclaimed national artist
30
th
Olympics
open in glitzy
rites; 11 Pinoys
vie for honors
LET THE
GAMES
BEGIN
Take that! Former Laguna Mayor Abner Afuang burns a Chinese ag outside the Foreign Affairs Depart-
ment on Roxas Boulevard to protest Beijings moves in the South China Sea. DANNY PATA
Watch them! Mutya ng Pilipinas candidates pose during the swimsuit competition at the Imperial Palace Waterpark
Resort in Mactan, Cebu. They are, from left, Larah Lacap of Quezon City; Kariza de Guzman of Pullilan; Kaylee Calaguas of
Shridan, Southern California; Vickie Marie Rushton, the reigning Mutya ng Pilipinas; Diane Joyce Ramirez of San Pablo;
Emma Tiglao of Central Luzon; and Rizzini Alexis Gomez of Cebu.
Center of the world. This is the Olympic Stadium in London, the site of the 2012 Summer Olympics. AP
Congress pulls out of JBC
THE RUMORS persist, but Malaca-
ang on Friday denied reports that a
Cabinet revamp is in the works start-
ing next week.
Presidential spokeswoman Abi-
gal Valte conrmed that Presidential
Management Staff chief Secretary
Julia Abad was indeed moving out of
her ofce, but only because the PMS
building must be retrotted.
That report is incorrect, Valte
said in reaction to news saying Ener-
gy Secretary Rene Almendras would
be replacing Abad by Aug. 1.
Abad, the daughter of Budget Sec-
retary Florencio Abad, was recently
reported to be contemplating leaving
her post to join her husband in Wash-
ington DC, where he works for the
World Bank.
Valte said the Palace also had no
information on the reports that for-
mer nance undersecretary Emmanu-
el Bonoan would replace Almendras.
President Benigno Aquino III ear-
lier announced he planned to invite
By Joyce Pangco Paares
and Macon Ramos-Araneta
PRESIDENT Benigno Aquino III has
issued another proclamation declaring
the late actor Fernando Poe Jr. a nation-
al artist, a distinction that the Poe fam-
ily rejected when the administration of
President Gloria Macapagal-Arroyo
rst announced it in 2006, a senior of-
cial said Friday.
Deputy presidential spokeswoman
Abigail Valte said Presidential Proc-
lamation 435 provided a way for the
Poe family to accept the posthumous
award to the movie actor, who was
known as the King of Philippine
movies.
By Macon Ramos-Araneta
and Maricel V. Cruz
A WOMENS group on Friday told the countrys
bishops it will reject their political candidates who
are opposed to the passage into law of the Repro-
ductive Health bill.
The bishops will make our work easier, said
Elizabeth Angsioco, president of the Democratic
Socialist Women of the Philippines.
Inclusion in their list is a guarantee that a can-
didate is anti-RH.
DSWP is a national federation of 264 commu-
nity womens organizations with 40,000 members.
Angsioco said to be against the RH bill was to be
anti-women and anti-poor.
With the bishops list, we will no longer need
to do further research on included candidates,
Angsioco said.
We will simply campaign against them and
not vote for them.
Angsioco made her statement even as the lead-
ers in the House of Representatives scheduled on
Aug. 7 the voting on the RH bill to decide whether
or not it will pass.
In a statement on Thursday, Speaker Felicia-
no Belmonte Jr. said that on that date, the House
members would vote to decide whether to end or
extend the period for debating the bill.
By Sara Susanne Fabunan
BEIJING said Friday that it does
not recognize the United Nations
Convention on the Law of the Sea
or UNCLOS as a legal basis to de-
termine the territorial sovereignty
of the Huangyan (Spratlys) Island,
even as it continued to intensify its
claim on the South China Sea by
ofcially appointing commanders
in Sansha Citys military garrison.
Chinese Defense Ministry spokes-
man Yang Yujun said Beijing had ap-
pointed Senior Colonel Cai Xihong
as commander of the Sansha Garrison
Command and Senior Colonel Liao
Chaoyi as its political commissar.
Yang said the garrison had two
separate components: the military
garrison in Sansha and a maritime
garrison in Xisha, where the city
government is located.
Sansha military garrison and
Xisha maritime garrison are sepa-
rate military organs, Yang said He
said the newly established Sansha
military garrison was under Hainan
Military Command, while the Xisha
maritime garrison was under the
Chinese navys Nanhai Fleet and re-
sponsible for maritime defense and
military combat.
By Ferdinand Fabella
THE death toll in the ghting
between government troops
and Abu Sayyaf bandits in
Sumisip, Basilan, had risen to
19 as their sporadic gun battles
continued until late afternoon
on Thursday, a military spokes-
man said Friday.
Two more soldiers and ve
bandits were killed in the day-
long clashes as reinforcement
troops were sent to help an
Army Scout Ranger team that
was locked in a running battle
with the rebels earlier in the
morning, Western Mindanao
Command spokesman Lt. Col.
Randolph Cabangbang said.
The latest tally showed that
10 soldiers had been killed and
16 had been wounded, while
nine terrorists had been killed
and at least eight had been
wounded, including the bandit
groups leader Wyms Wakil
alias Kumander Bacol.
Early Thursday, troops from
the Armys 11th Scout Ranger
Company, 4th Scout Ranger
By Joe Antonio
LONDONA motley band of 11 Fili-
pino athletes of all shapes and sizes will
carry the hopes of the Philippine na-
tion as the $14.5-billion 30th Olympic
Games opened its arms to the world
with a glitzy opening extravaganza.
Led by a diminutive weightlifter
in Hidilyn Diaz as Team Philippines
ag-bearer, the Filipinos marched
146th in the order of parade among
the 205 competing nations when this
city opened what is always billed as
the greatest show on earth.
The Greek athletes, the citizens
of the birthplace of the Olympics,
marched rst, while the rest paraded
in alphabetical order. Coming out last
was host Great Britain, which was
represented by 542 athletes, the big-
gest in its history.
The Philippine delegation of 25
athletes and sports ofcials strode
into the 60,000-seat Olympic sta-
dium wearing a stylish, Rajo Laurel-
designed Filipiniana attire in rayon
Supreme Court spokeswoman
Maria Victoria Gleoresty Guerra
said the council had agreed to
postpone its vote on the shortlist of
nominees that it would submit to
President Aquino to Aug. 2 from
July 30 to give its members more
time to deliberate on the candidates
following four days of public inter-
views that started Tuesday.
Guerra said the postponement
had nothing to do with the deci-
sion of Congress not to partici-
pate in the scheduled voting.
The council will recommend
at least three candidates for chief
justice to President Aquino. The
position became vacant after the
Senate, sitting as an impeachment
court, on May 29 removed Chief
Justice Renato Corona from of-
ce after nding him guilty of
betraying the public trust for not
revealing all his assets.
Jose Mejia, a council member
representing the academe, said
they would vote on the shortlist
with our without a representative
from Congress.
Its not a big loss, Mejia
said.
We still have a quorum.
Congressional leaders earlier
told their representatives on the
council, Senator Francis Escu-
dero and Rep. Niel Tupas Jr., to
refrain from participating in the
TODAY
Standard
Vol. XXVI No. 140 14 Pages, 2 Sections
P18.00 SATURDAY, July 28, 2012
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By Rey E. Requejo
THE Judicial and Bar Council on Friday
concluded its public interviews of 20 nom-
inees for the post of chief justice, and even
though the two representatives of Con-
gress stayed away apparently in protest
against a Supreme Court decision saying
the Constitution allowed only one vote,
not two, for the bicameral legislature.
CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK
News
ManilaStandardToday mst.daydesk@gmail.com JULY 28, 2012 SATURDAY
A2
Ignorance of the law... Customs ofcials conscated 4.5 million yen (about
P2.25 million) that two Japanese men did not declare at the airport on Thursday.
JULIE FABROA
Onions this time. Customs Commissioner Ruffy Biazon shows off smuggled onions worth P10 million that his men intercepted at the
Manila International Container Port. The onions were sent in three separate shipments by three trading rms.
PRESIDENT Benigno Aquino
III has ordered the adoption of
a performance-based incentive
system for government em-
ployees to ensure that targets
are met.
Service delivery by the bu-
reaucracy can be improved by
linking personnel incentives to
the bureau or delivery units
performance and recognizing
and rewarding exemplary per-
formance in the public sector,
Mr. Aquino says in Executive
Order 80.
He says the incentive will
motivate higher perfor-
mance and greater account-
ability in the public sector
and ensure the accomplish-
ment of commitments and
targets.
Budget chief Florencio
Abad says the incentive will
range from P5,000 to P35,000
starting next year.
This will reward agencies
and public servants who meet
or even surpass their perfor-
mance targets, Abad said.
This strategy is seen to
improve the currently weak
planning, programming and
implementation capacities of
agencies.
The performance-based
bonus will be on top of the
P5,000 productivity enhance-
ment incentive which is given
across the board. Joyce Pan-
gco Paares
Incentives
for govt
workers
Beijing...
Chinese Foreign Ministry spokesman
Hong Lei said the Unclos cannot change
the fact that the island Huangyan) belongs
to China.
Hong apparently made the statement in re-
action to a portion of the President Benigno
Aquino IIIs State-of-the-Nation Address,
when he asked China to respect the sover-
eignty of the Philippines in the West Philip-
pine Sea (South China Sea)
The facts and truths about the Huang-
yan Island incident have been clear. The
UN Convention on the Law of the Sea is
not the legal basis to determine the territo-
rial sovereignty of the Huangyan (Sprat-
ly) Island and cannot change the fact that
the island belongs to China, Hong said in
a statement released on Friday.
Hong also called on the Philippines to do
its part to ease the tensions in the South China
Sea.
The situation off the Huangyan Island
tends to relax on the whole. We hope the Phil-
ippine side can do more for further relaxation
of the situation, Hong said.
He reiterated Beijings position to resolve
the overlapping claims on the islands through
bilateral consultation.
Malacaang did not respond to Beijings
latest statement and hasked the Foreign Af-
fairs Department to handle the situation.
We will let the Department of For-
eign Affairs respond to the statement
of Mr. HongLei, deputy presidential
spokeswoman Abigail Valte said.
Foreign Affairs spokesman Raul Her-
nandez said the Unclos remained an ef-
fective framework to peacefully resolve
the territorial conflict between Manila
and Beijing.
The Unclos is the international agreement
signed by the members of the Asean, the Unit-
ed States, Australia, China and other countries
in two separate meetings in 1973 and 1982.
We need to resolve the West Philippine
Sea issue on the basis of international laws,
including Unclos, Hernandez said in a text
message.
China is laying claim to most of the islands
in the South Sea, while the Philippines, Viet-
nam, Taiwan, Brunei and Malaysia of Taiwan,
Vietnam, Brunei are also claiming parts of the
islands.
Joyce Pangco-Paares
Death...
Battalion, clashed with Wakils group in the hinter-
lands of Upper Cabengbeng in Sumisip town. Eight
Rangers and four bandits were killed in the ensuing
reght.
As troops from the 32nd Infantry Battalion rushed
to help their outnumbered comrades, another band of
Abu Sayyaf terrorists ambushed them in Barangay
Mebak, resulting in the death of two more soldiers.
The ghting ceased on Friday, but more govern-
ment troops had been deployed in the area, Army
spokesman Maj. Harold Cabunoc said.
Military ofcials said Kumander Bacol was a for-
mer manager of the Tumahubong Agrarian Reform
Beneciaries Integrated Development Cooperative, a
rubber plantation in Basilan, before he joined the Abu
Sayyaf.
He had been tagged in the series of attacks on the
workers of the rubber plantation that left at least 16
people dead and 34 others wounded.
Abu Sayyaf is an Islamist terrorist group based in
Jolo and Basilan and is believed to have ties with Al
Qaeda. It has carried out bombings, kidnappings, as-
sassinations and extortions since its creation in the
early 1990s.
RH...
If the vote is in favor of termi-
nating the debates, then the period
of amendments follow and put
to a vote for passage on second
reading, Belmonte said.
If the vote is against termina-
tion of the debates, then it is back
to plenary interpellation.
The RH bill was led by Albay
Rep. Edcel Lagman, and indepen-
dent, in 2010, but the House has
led to pass it on second reading.
The proponents of the measure
believe that the RH bill is one of
the most feasible ways to arrest
the countrys runaway population
growth. The United Nations esti-
mates the worlds population at 7
billion, and the Philippines as the
12th most populous country.
Belmonte has said the RH bill
would have a good chance of
passing, but the Catholic bishops
had earlier said they will make a
list of the lawmakers opposed to
the bill and then support them in
next years elections.
Angsioco said that would be a
welcome move because it will help
them know the candidates to reject.
We are fully supporting the
move, she said.
Angsioco recalled that Catholic
Church openly went against for-
mer Presidents Fidel Ramos and
Erap Estrada and former Senator
Juan Flavier, but all of them got
elected.
Even at the local level, priests
went against the champions of the
RH bill but virtually all of those
re-electionists won, she said.
The Catholic Church on Friday
said lawmakers must vote for or
against the RH bill according to
their conscience and not according
to the wishes of their political allies,
but insisted that the country did not
need a population control measure.
It is about time to remind our
congressmen and senators that
they have a responsibility to our
people to come up with a sincere
evaluation of what they believe
for the good of the nation, Arch-
bishop Jose Palma said. With
Vito Barcelo
Congress...
deliberations to choose the next
chief justice until their appeal
against the Supreme Court deci-
sion was settled.
Tupas joined the rst three
days of interviews but was a no-
show on Friday, when the council
screened the last four candidates
for the top post in the Supreme
Court.
Escudero said he and Tupas
were told to stay away from the
deliberations to emphasize the
position of both the House and
the Senate as bicameral bodies.
Each body has a separate
constituency and institution. One
cannot bind or represent the oth-
er, he said.
Fridays interviews highlighted
the battle between Court insiders
and outsiders.
Securities and Exchange Com-
mission chairwoman Teresita
Herbosa and former executive
secretary and San Juan Rep. Ron-
aldo Zamora said they could be
an effective chief justice even if
they lacked the experience as ju-
rists.
These are unusual times and
these would probably call for un-
usual solutions, Herbosa told the
council members.
Zamora, 67, told the council:
Yes, Im an outsider. Ive never
been in the judiciary, but I can
enter it with certain useful skills
from the other two branches of
government.
Herbosa said the public needed
expanded access to the courts
and a speedy resolution of cases
based on merit. She proposed the
creation of more special courts to
handle special cases, and said she
would pursue computer education
for judges.
Zamora, who served in the ex-
ecutive and legislative branches,
said there was a need to increase
the budget of the judiciary in the
next two to three years to improve
the dispensation of justice.
He said he would push for the
speedy resolution of cases in the
Supreme Court, especially the
30-year-old cases involving the
late dictator Ferdinand Marcos.
In contrast to Herbosa and
Zamora, Associate Justices Maria
Lourdes Sereno and Presbitero
Velasco Jr. said a member of the
high court would make a better
chief justice.
The insiders really have the ad-
vantage because youre talking of a
unique institution, Sereno said.
Our deliberations are shock-
ing. Appointing an outsider is
like appointing a civilian to head
a war.
Sereno, President Aquinos
rst appointee to the high court
in 2010, proposed the creation
of a body of experts or a written
manual or software, which would
identify possible conicts in the
decisions handed down by the
Court.
Justices and judges should
articulate shared values in deci-
sions, not replace [these] with
[their] own perception, she said.
Velasco, who became the sec-
ond most senior justice follow-
ing Coronas ouster, admitted he
initially thought of declining his
automatic nomination because
he believed in the tradition of ap-
pointing the most senior justice,
but later on realized he had a
wealth of experience.
Lawyer Vicente Velasquez and
Cagayan De Oro Rep. Rufus Ro-
driguez were disqualied earlier
this week for failing to comply
with the documentary require-
ments of the council. With Mari-
cel Cruz and Macon Ramos-
Araneta
Fernando...
Its essentially conrming a
previous proclamation, Valte
said.
As we all know, for personal
reasons or for reasons of their
own, the [Poe] family was not
able to accept the award previ-
ously.
Poe ran for president in the
May 2004 elections but lost to
Arroyo. He died of a heart at-
tack in December of the same
year.
After his death, his wife, ac-
tress Susan Roces, joined calls
for Arroyos resignation. She
accused Arroyo of election
fraud and of stealing the presi-
dency from her husband.
When sought for comment
on the new proclamation, the
members of the Poe family
declined to issue a statement,
saying they were yet to receive
ofcial communication from
Malacaang.
Vice President Jejomar Binay
said he welcomed Mr. Aquinos
proclamation.
The National Artist award,
conferred by a President who
has been given a legitimate
mandate by the Filipino peo-
ple, is the most tting recogni-
tion of a man, who embodied
the hopes and aspiration of the
masses, Binay said.
At the Senate, President Pro
Tempore Jinggoy Estrada has
led a resolution urging Mr.
Aquino, the National Commis-
sion for Culture and the Arts,
and the Cultural Center to be-
stow the National Artist award
on the late comedian Dolphy,
who died on July 10 at the age
of 83.
Estrada said Dolphy, the
King of Comedy, brought
joy, hope and inspiration to
the Filipino people and was
one of the most enduring and
esteemed pillars in the local
movie industry.
Malacaang also announced
the re-appointment of Ma-
ria Cynthia Rose Bautista as
Commissioner of the Commis-
sion on Higher Education to a
new term lasting up to July 21,
2016. Bautista has been CHED
commissioner since December
2011.
The President also appointed
businessman Alexander Asun-
cion as a member of the gov-
erning board of the Philippine
Overseas Employment Admin-
istration representing the land-
based sector.
Asuncion, the owner of As-
tralvision Digital Artworks,
was former executive assistant
of the Saudi Arabian Mining
Co. and former administrative
assistant of the National Metha-
nol Co.
Palace...
Senators Francis Pangilinan
and Panlo Lacson to join his
Cabinet.
Pangilinan was supposed to
replace Ramon Paje at the De-
partment of Natural Resources,
while Lacson was reportedly
taking over Jesse Robredo at
the Interior Department.
The President eventually
would have to replace Tech-
nical Education and Skills
Development Authority chair-
man Joel Villanueva, who is
joining the senatorial slate of
the Liberal Party for the 2013
elections.
The President earlier said
he would do his best to keep
the Cabinet members who had
served him well.
At the end of the day, dont
forget that a lot of the people
who have joined me in the
Cabinet are people who gave
up very lucrative jobs, he
said.
I will also endeavor to keep
the ones who have been per-
forming within the Cabinet.
Joyce Pangco Paares
Let...
fabric, and a hats known as
salakot, during the opening
rites which began at 9 p.m.
(4 a.m. Saturday, Manila
time) to the booming sound
of a 27-ton bell.
The 10 other Filipino ath-
letesarchers Mark Javier and
Rachelle Cabral, boxer Mark
Barriga, BMX rider Danny
Caluag, long jumper Marestella
Torres, long distance bet Rene
Herrera, shooter Brian Rosario,
swimmers Jasmine Alkhaldi
and Jessie Khing Lacuna, and
judoka Tomohiko Hoshina
joined the parade, which lasted
past midnight.
Joining them were chief of
mission Manny Lopez, Phil-
ippine Olympic Committee
chairman Monico Puentevella,
businessman and shooting
head Mikee Romero, coaches
Yasuhiro Sato of judo, Chung
Jae hun of archery, Joseph Sy
of athletics, Tony Agustin of
weightlifting, Gay Corral of
shooting, and administrative of-
cer Arsenic Lacson.
Im excited to join the pa-
rade and carry that ag, Diaz
said in Filipino as she joined a
lot of household names like ten-
nis champion Maria Sharapova
of Russia and Los Angeles Lak-
ers star Paul Gasol in the list of
ag-bearers.
Its a dream. I am happy,
Diaz told her countrymen while
posing for souvenirs during a
dinner tendered by one of the
teams sponsors on Tuesday.
Not everyone is chosen for
that role, so Im blessed.
The London games marked
the rst time since the Phil-
ippines rst competed in the
Olympics (in 1924 in Paris) that
a female athlete was bestowed
this ag-bearing privilege,
which was given to boxing icon
Manny Pacquiao during the
2008 Beijing Games.
Queen Elizabeth II ofcially
opened the games with the
sound of a 27-ton bell forged at
the 442-year-old Whitechapel
Bell Foundry, which also made
Londons Big Ben.
Before the monarch sounded
the chime, Big Ben and thou-
sands of other bells rang across
Britain from 8:12 a.m.
More than 10,000 athletes
from 204 nations will be pit-
ting guts and skills in the next
fortnight inside the Olympic
Stadium as the city basks in the
limelight as host of the biggest
sporting event in the planet for
the third time.
Before the battles begin in
302 events from 26 sports, the
world was treated to a glitzy,
expensive opening rites themed
sles of Wonder with a cast
of thousands under visionary
director Stephen Boyle of the
Slumdog Millionare fame.
The welcome party en-
tertained, dazzled and awed
with a large dose of British
touches in store---Beatles
songs, James Bond antics,
William Shakespeare-inspired
sequences, a pastoral idyll
featuring a meadow, a farmer,
among others, and wonderful
moments derived from Alice
in Wonderland, Peter Pan and
Harry Potter.
JULY 28, 2012 SATURDAY
A3 News
ManilaStandardToday mst.daydesk@gmail.com
Teachers hiring on hold
Not so fast, solons say
of DSWD budget hike
Just stating the facts,
BCDA chief points out
IN BRIEF
PCSOs plunder case suspended
Cayetano clings to his post
Bill to preserve manholes
LAWYER Arnel Paciano Casanova,
president and CEO of Bases Con-
version and Development Authority,
shrugged off the recent P100 million
libel case led against him as another
harassment case, and quickly added
that he was only stating facts in his
efforts to protect public interest in the
Camp John Hay dispute.
I was only stating facts, Casanova
said after learning that Sobrepea-law-
yer Frank Chavez led a P100 million
libel case in Pasig City. And it is a fact
and public knowledge that Robert So-
brepea is also majority shareholder of
the College Assurance Plan (CAP), the
MetroRail Transit Corporation (MRT) and Southwoods, he said.
Casanova said that his ofce has not yet received a copy of the
complaint. The libel suit against Casanova is the fth of a series of
charges led by CJHDevco against BCDA ofcials in the past two
months.
I know my law, he stressed, and there is nothing in my state-
ments that is libelous. He added that What is clear is that Robert
Sobrepea, chairman of the Camp John Hay Development Corpo-
ration, has been ling court suits calculated at intimidating and ha-
rassing me and the BCDA Board in our determined effort to make
the Camp John Hay lessee pay its over P3 billion arrears in rental
payments.
Each week, a new case is being led against me and the BCDA
board of directors, Casanova said.
By Maricel V. Cruz

OPPOSITION lawmakers on
Friday demanded a full audit
of the conditional-cash transfer
program of the Aquino admin-
istration as the Department of
Social Welfare and Develop-
ment sought a hefty increase in
the programs budget amounting
to P44.3 billion for 2013.
Congressmen Rodolfo Alba-
no of Isabela and Simeon Datu-
manong of Maguindanao said a
full audit of the CCT program
is imperative amid claims that
it was a failure and ineffective.
Under the P2.006 trillion
national budget for 2013, the
DSWD proposed a P56.2 billion
budget, of which P44.3 billion
was earmarked for the cash trans-
fers from P39 billion this year.
Another opposition stalwart,
Zambales Rep. Milagros Mag-
saysay declared the Aquino
administrations dole program
an abject failure and totally in-
effective in alleviating the plight
of the growing number of poor
and impoverished families in
the country.
Obviously the CCT is inef-
fective and seems to be a ghost
project of the Aquino adminis-
tration, Magsaysay said.
Magsaysay said if the CCT re-
ally exists and works well, why
did 2 million more Filipino fam-
ilies rate themselves poor and
why would 11.1 million Filipino
families claim to be poor, accord-
ing to the latest Social Weather
Stations surveys?
Albano for his part declared
that every centavo of the cash
dole program released by the
DSWD must be audited and
accounted for to determine
whether these funds indeed
reached deserving, impover-
ished families and that these
beneciaries had lived up to
their commitments under the
CCT program.
Datumanong said it is timely to
ask these relevant questions now:
How is the current P39 billion
budget being disbursed? How
many recipients were enrolled
and are benetting from the pro-
gram? Datumanong added that
DSWD Secretary Corazon So-
liman should provide Congress
details of the proposed DSWD
budget amounting to P56.4 bil-
lion and necessary safeguards
in the utilization of these funds
especially the cash dole-outs
that run into billions monthly.
THE Sandiganbayans First Division on Friday approved the
motion of former president Gloria Macapagal-Arroyo and nine
former ofcers of the Philippine Charity Sweepstakes Ofce to
suspend the plunder case against them.
First Division clerk of court Estella Rosete told the Manila
Standard Today that the court has ordered Ombudsman Conchita
Carpio-Morales to resolve the pending motions for reconsidera-
tion of the ten respondents, which are part of the preliminary
investigation process of the case.
The First Division will not issue warrants of arrest against the
respondents as a result of the pending Mrs, Rosete said.
Apart from Arroyo, the respondents are former PCSO Chair-
man Sergio Valencia, former PCSO General Manager Rosario
Uriarte and former members of the board.
Former Commission on Audit chairman Reynaldo Villar,
and former head of COAs Intelligence/Condential Fund Au-
dit Unit Nilda Plaras were also among the co-accused. Merck
Maguddayao
Drilon said that the DBM, to
hire new teachers, had allocated
P3.8 billion out of the DepEds
P238.8 billion budget for 2012
and P292 billion for next year.
These documentary require-
ments were not met, so theyre
(DepEd) sitting down with the
DBM hopefully in order to re-
view these documentary require-
ments which may not be essential
but would have to be complied
with, said Drilon during the
performance review hearing of
the DepEds 2012 budget.
Because of this, not a single
new teacher has been added to
the DepEd workforce, added
Drilon, chairman of the Senate
nance committee.
By Macon Ramos-Araneta and Gigi David

THE hiring of 16,000 new teachers for
the year has been put on hold following
the failure of the Department of Budget
and Management to release the Special
Allotment Release Order or SARO need-
ed for its allocation, Senator Drilon said
on Friday.
Drilon said the
DepEd hired 12,000
teachers in 2011,
but these were not
enough to address
the growing number
of students.
In the same hear-
ing, the DepEd also
informed Drilon that
it still needs to build
44,000 classrooms to
address the shortage.
Education Sec-
retary Bro. Luistro
Armin said that the DepEd had built
22,781 classrooms as of June 2012
out of the 66,800 classroom back-
logs when he assumed his post. A
total of P1 billion was spent for the
construction. For this year, they in-
tend to build 31,000 classrooms.
Drilon also asked Armin to re-
view the construc-
tion cost of the
classrooms when
informed that the
price of the class-
rooms being con-
structed by the Ed-
ucation department
costs P10,000 per
square meter for a
single unit.
He noted that
the DepEd price is
much higher when
compared to the
classrooms which he had built in
partnership with the Federation of
the Filipino Chinese Chambers of
Commerce and Industry, Inc., which
costs only P6,000 per square meter.
About 1,500 classrooms were
already constructed under the
partnership.
SENATE Minority Leader Alan Peter Cayetano said he will not
quit from his current position although he can already be identi-
ed with the administration after his political party, the Nacion-
alista Party coalesced with the ruling Liberal Party.
Cayetano, who is seeking a re-election under the banner of
LP-NP-NPC, explained that the minority and majority posts in
the Senate are determined by the incumbent Senate president.
The Taguig lawmaker said he does not think the political coa-
lition will affect the relationships of the senators and alliances in
the Senate. Macon Ramos Araneta
A MEASURE was led in the House of Representatives ban-
ning private contractors of the Department of Public Works and
Highways from plugging, obstructing or causing the concreting
or asphalting of manholes and drainage inlets.
Authored by Quezon City Rep. Winston Castelo, the bill stated
that these private contractors must be held responsible for man-
made disasters.
Citing records from the Metro Manila Development Authority,
the bill noted that ash oods hit Metro Manila on July 3, 2012,
661 manholes and drainage inlets went missing or cemented
altogether by private contractors. Maricel Cruz
Casanova
Luistro Armin
Opinion Adelle Chua, Editor
ManilaStandardToday
mst.lettertotheeditor@gmail.com JULY 28, 2012 SATURDAY
A4
NOT many were surprised when it was
revealed that some gures President
Benigno Aquino III presented during
his State-of-the-Nation Address were
half-truths or outright lies.
For example, the President said in
his speech that the number of crimes
had gone down since he assumed
ofce. Actual police data showed that
crime was actually increasing.
He also said the police would soon
receive delivery of 74,600 handguns
when only 59,904 were specied in
documents.
And then, Mr. Aquino boasted that
the government would end the shortage
of classrooms by 2013. There was
no indication, however, whether the
government had funds to pay teachers
and buy books and computers.
Presidential mendacity is not new to
most Filipinos who listened in pain as
former President Gloria Macapagal-
Arroyo apologized for her lapse in
judgment in speaking to an elections
ofcial during the 2004 elections.
Filipino politicians have not learned
much from American leaders, even
presidents, who have been inextricably
caught in their lies.
Ronald Reagan claimed in 1980 that
trees make more pollution than cars,
then bbed again in 1986 when he said
the US did not repeat, did not
trade weapons for hostages in Iran.
In 1990, George Bush carried on the
tradition when he thanked God for the
Patriot missiles placed in Saudi Arabia
and Israel that supposedly intercepted
41 of 42 Iraqi missiles. In truth, the
Israelis said only one of the 17 missiles
red hit its target.
And who can forget George W. Bush
who claimed in 2003 that we found
the weapons of mass destruction
when, to this day, no evidence has ever
been found of chemical, nuclear, or
biological weapons in Iraq?
Filipino leaders are indeed in exalted
company when it comes to presidential
bbing, but that doesnt mean that
ordinary citizens do not mind lies. Like
Americans, Filipinos have little respect
for falsehoods and their makers,
although they may expect those from
their politicians.
Mr. Aquinos half-truths may not
rank very high in a global mendacity
index when compared to the lies of
other world leaders, but it reects
mendicancy in vision. It suggests that
our leader does not have a grip on
reality or that he is mortally afraid of
being criticized for what he has done or
what he has to do.
Congressional leaders had a point in
saying the President would have had
a more cooperative public had he just
explained the real score, that it would
have been easier to point to a national
direction if Mr. Aquino had been more
forthright.
Mendacity killed the cat
Three deaths
in a week
IT WAS a bad week, the one that
just went by.
An aunt passed on to join her
creator. It was not as bad as the
other two whose demise family and
friends would say was too soon,
their lives snuffed out in the prime
of their lives. The aunt had lived a
full life, nurtured her own children
who in turn had given her grand-
children to dote on as most grand-
mothers do.
The second one, married to
a niece, had worked in a trading
post in Saudi Arabia . As with
most cancer victims, he was in
his late fifties or early sixties. Im
not quite sure as I had missed his
cremation when his remains were
flown home by
the company he
worked for.
The third one
was a friend,
journalist and
former Philip-
pine Tourism
Authority man-
ager Nixon Kua,
who was only
47. His life was
taken away from
him by four even
younger men during a robbery gone
bad in a gated community in Calam-
ba. Laguna
Going to and coming from Ta-
gaytay, one is sure to pass Green-
field, a prime Ayala property de-
velopment. After a recent weekend
trip to Tagaytay, I had driven in-
side Greenfield to check the pos-
sibility of buying a home there. I
underwent a rigid security check
at the gatethe usual perusal of
drivers license, the guards taking
down the cars registration plate
before I was directed to the sales
office. I was shown three model
homes, two-storey, three bedroom
types. At first blush , it seemed
to me like a pleasant enclave for
a retiree or a start-up home for a
young family.
There were probably about eight
or nine houses already bought or
occupied when I visited the place
From the second floor balcony of
one of the model homes. I had a
vantage view of the property layout
which included a man-made pond
serving as a centerpiece.
It was then I noticed from the
second floor balcony that behind
the hollow block wall at the back
was also another community. Judg-
ing from the rusty corrugated roofs
of the houses and some makeshift
dwellings, an alarm bell inside of
me warned that maybe this wasnt
such a good buy after all. Police
investigation later would show the
perpetrators had used a ladder to
scale the back wall to commit their
dastardly deed.
Eventually, I opted for a modest
condominium unit in Salcedo Vil-
lage in Makati in the heart of the
central business district, a setting
more to my liking and sense of se-
curity.
Looking back, I thought about
the possibility Nixon could have
been my neighbor at Greenfield,
It is after all, a well laid out gated
community. Nearby was the Laguna
Technopark which included Japa-
nese car companies like the Toyota
and Honda assembly plants provid-
ing a picture of a thriving business
community.
At Nixons wake in one of
the row of funeral homes along
Araneta Avenue, I saw Nixons
friends and mine
too. Among them
National Food
Authority Gener-
al Manager Lito
Banayo, Philip-
pine Star execu-
tive Grace Glory
Go, and Conrado
Ching, one of
Nixons close
friends when he
covered the Ma-
nila International
Airport beat where I first assigned
him when he was starting out as a
reporter for Manila Standard. He
would later transfer to the Philip-
pine Star before be was appointed
general manager of the Philippine
Tourism Authority. He and Lito
Banayo, who was then Tourism
Secretary during President Joseph
Estradas time, were inseparable.
They were like the dynamic duo of
Batman and Robin. To get to Lito,
you would have to go through
Nixon to get an appointment.
Nixon did not forget friends who
had helped him in his career. As
PTA manager, he always had a soft
touch for raffle prizes for the Stan-
dards Christmas party and I would
assume also The Stars own annual
Christmas get together.
I was with Nixon in two press
trips to Taipei and Xiamen, China.
He was always the shepherd who
would make a headcount to make
sure everyone is on the bus, ac-
counted for and no one left behind.
This, in case someone had overslept
after a night of carousing which
newsmen do when on out-of-town
trips like this.
We will miss you and always
remember Nixon, one of the good
guys. Rest in peace.
EDITORIAL
Putting the House on trial
WILL the House of Representatives
truly represent the people?
President Benigno Aquino III men-
tioned responsible parenthood in his
third State of the Nation Address. This
drew the loudest and the longest applause
from legislators and guests in the HOR.
Outside, people cheered on social
media and the terms #RHBill and re-
sponsible parenthood became trend-
ing topics on Twitter worldwide. This
shows how interested the people are on
the RH bill.
As expected, those who are rabidly
anti-RH like Senator Tito Sotto were
quick to say that responsible parent-
hood is not the same as the RH bill.
Bishops also said that they support re-
sponsible parenthood but not the bill.
For the record, the ofcial title of
House Bill No. 4244 is, An Act Pro-
viding for a Comprehensive Policy on
Responsible Parenthood, Reproductive
Health, and Population and Develop-
ment, and for Other Purposes. Besides,
there is no other bill in both chambers of
Congress that includes the phrase re-
sponsible parenthood. Thus, there is no
doubt that the President was referring
to what is more popularly known as the
RH bill.
Two days later, the House of Repre-
sentatives announced that it would take
a vote on the termination of debates on
the bill. I must say that this is not what
advocates expected. We were hoping
that after the Sona, the House leadership
would move more decisively as it did on
other Palace-backed bills.
Of course, the bills opponents are
against holding this vote. They want to
prolong the debates and delay the nal
vote for as long as they can.
One delaying tactic used is questioning
the quorum. We have seen this done many
times before during this, and previous
Congresses. If a quorum is not reached on
August 7, no vote can take place. Sadly,
the House has a less than desirable track
record when it comes to quorum.
Quorum should be maintained. We
need the legislators to STAY because
quorum can be, and they have also done
this many times, questioned any time
within the session.
On August 7, the legislators must
attend, stay put, and vote for the ter-
mination of debates. Winning this vote
means that the process continues and
the RH bill can eventually be passed.
We cannot afford any more delays
since the remaining time to enact the bill
is very limited. In September, the Gen-
eral Appropriations bill will be deliber-
ated on and usually while this is on, no
other bills are entertained. In October,
candidates to the 2013 elections will le
their Certicates of Candidacy usher-
ing in the election season. We would be
lucky to muster a quorum then.
In the meantime, Cebu Archbishop
Emeritus Ricardo Cardinal Vidal is-
sued a statement saying that they would
make a list of candidates they would
support in the 2013 elections. I have
also received reports from various parts
of the country indicating that bishops
and priests are calling their district rep-
resentatives. Is the church hierarchy
threatening our legislators?
The church is also said to be organiz-
ing big rallies and prayer vigils.
Will the people supportive of the RH
bill just keep quiet?
We can and should be heard. Get in
touch with your legislators, tell them
how you would like them to vote on
August 7 and eventually, on the RH bill.
You may use these links: http://dswp.org.
ph/campaigns/directory-of-philippine-
representatives-of-the-15th-congress/for
HOR members, and http://dswp.org.ph/
campaigns/directory-of-philippine-sena-
tors-of-the-15th-congress/ for the Senate.
These include lawmakers Facebook and
Twitter accounts so you may also engage
them in social media.
August 7 must be monitored as
closely as we did the impeachment trial.
That time, the former Chief Justices
position was on the line. This time, it
will be about the lives of millions of
poor Filipino mothers.
The House is on trial now.
Will our representatives truly repre-
sent the people? Or will they side with
the minority of men in robes?
Will they vote in favor of saving poor
womens lives? Or will they ignore the
increasing number of dying mothers?
On August 7, we will know who seri-
ously care about the interests and wel-
fare of the Filipino people.
bethangsioco@gmail.com and @
bethangsioco on Twitter
ELIZABETH
ANGSIOCO
POWER POINT
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DEL ROSARIO
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Nixon did
not forget
friends who
had helped him
in his career.
A5 Opinion Adelle Chua, Editor
ManilaStandardToday
mst.lettertotheeditor@gmail.com
UP to now many are wondering just
where Senate President Juan Ponce
Enrile and House Speaker Feliciano
Belmonte got the idea of having to
conne the amendment to the present
Constitution to its economic provi-
sions. Yes, Section 1 (1) of Article
XVII of the Constitution provides
that Congress, upon vote of three-
fourths of all its members may
amend or revise the Constitution.
Perhaps it is that provision that
gave the two the clever idea of conn-
ing the amendment to the economic
provisions. Many, however, disagree
with this because the drafting, revis-
ing or amending of the Constitution is
premised on the consent of the people
who theoretically remain supreme
when it comes to charting their own
political destiny. For that matter,
Section 1(1) of Article XVII merely
states the required number necessary
to amend or revise
the Constitution
but not in conning
the subject matter
to be amended.
It does not say
anything about the
authority of Con-
gress, acting in joint
session, to limit
what they are sup-
posed to do and let
what they have arrived at to be ratied
by the people without them having a
choice but to swallow or reject what
has been handed to them. Many con-
stitutionalists believe it is a violation of
the process in amending our Constitu-
tion. The only way our people could
amend a specic provision of the Con-
stitution or rewrite the whole charter
is to let them decide rst on that issue,
but not for Congress to place them in
a straitjacket to decide only on what it
wants them to ratify.
Enrile and Belmonte should have
known that the charter represents the
summation of the peoples will. That
can never be circumvented by a group
anxious to pursue its agenda, that to
ensure its passage would just limit
the choice to what the two want rati-
ed. Yes, a piecemeal amendment to
the Constitution can be carried out, but
that process should begin by giving the
people a free hand whether or not they
agree to a piece-meal revision without
any precondition advanced to them.
Only after that consent has been
given by the people could Congress
proceed to amend the Constitution
piecemeal, and submit for ratication
what they amended, say the economic
provisions. To allow that ridiculous
proposal forwarded by the two is to
open the oodgates to the capricious
and whimsical amendments of the
Constitution. Any economic, politi-
cal, or religious groups desiring to
advance its own interest would just
lobby to secure the required votes of
both Houses to amend or delete some
provisions in the Constitution that is
inimical to their interest. It would
be much easier to obtain that smaller
number.
Consequently, our people are like-
ly to approve it because there would
be no pressure group to lobby and
oppose that weird proposal of Enrile
and Belmonte, while the group that
sponsored for its revision has all the
resources and is ready to face that
contingency to ensure the ratication
of their proposal. For that, the people
will again end up as losers because
that process is tantamount to giving
them the rope with which to hang
themselves.
***
It truly pains most ordinary citizens
why former President Gloria Maca-
pagal-Arroyo was not charged of the
crime of massive electoral fraud in
the 2004 presidential elections. That
would have been much easier to prove.
All that was needed was to establish
that she beneted or proted from the
commission of that crime.
Many were appalled by the decision
of the Commission on Elections not to
charge her for rigging the 2004 presi-
dential elections. Of course, some legal
pundits would dis-
agree to our theory,
but logical deduc-
tions in all crimi-
nal justice system
would tell that per-
sons who directly
beneted or proted
from the proceeds
of the crime could
be charged without
much ado as an ac-
cessory to the commission of the crime.
Indeed, it was most regrettable and
many are shaking their heads because
one need not go through the evidence
of proving conspiracy and in securing
the testimony of the witnesses. The
indubitable fact is that those who
committed the crime did it to ensure
her victory. The former President
having proted from that crime was
more than enough evidence that the
motive that drove those who were
charged were goaded to do it to allow
one person to prot from their crime.
Whether she consented to the com-
mission of that crime is irrelevant be-
cause consent came from her palpable
acceptance of that questionable man-
date. By analogy, anybody would
have difculty exculpating himself
from the charge of buying stolen
items because the law on anti-fencing
provides stringent conditions before
one could be discharged.
In like manner, many including
this column, believe that not much
evidence is necessary to prove com-
plicity in the commission of mas-
sive electoral fraud. It would be
illogical to believe they committed
that hideous crime at their own ini-
tiative just to ensure the victory of
Mrs. Arroyos rival in that infamous
election. Whether or not they re-
ceive some kind of reward need not
even be proven. After all, what is
important is they committed the
crime, and its has been established
that somebody proted from the
crime they committed.
rpkapunan@gmail.com
Congress leaders
weird proposal
DEAN TONY
LA VIA
EAGLE EYES
Why amend
the Constitution
piecemeal?
ADELLE
CHUA
CHASING HAPPY
Team USAs made-in-China Olympic uniforms
ROD
P. KAPUNAN
BACKBENCHER
The Judiciary in society (2)
THIS is the second of a two-part column
on the role of the Judiciary in society,
the rst of a Judiciary series I am writ-
ing. Here, I continue to expound on the
role of the Judiciary in society. Clearly,
the public understands the signicance
of this role, judging by the interest gen-
erated by the televised interviews by the
Judicial and Bar Council of the candi-
dates for chief justice.
Negative perceptions can also be the
offshoot of an utter sense of disillusion-
ment that accompanies a long wait for
the nal vindication of a right. To a lot
of extent this may be true, perpetuated
as it is by some corrupt judges, lawyers
who pander too much on technicalities
to cause delays in the proceedings, and
even the lack of infrastructure and logisti-
cal support to conducive to expedite court
processes. Yet in the midst of this there is
need to clarify that delays cannot altogeth-
er be avoided because the system cannot
simply run roughshod of the demand of
due process. Otherwise, injustice and un-
truth will inevitably result. There is thus a
need to strike a balance between temper-
ing delays in the proceedings by reducing
too much obeisance to technicalities and
preserving due process. This does not ex-
cuse, though, most delays in the system
that often turns out to be simply a man-
agement issue.
Good case management is frequently
what is needed to unlock the delay in the
judicial or quasi-judicial process. This is
my own experience as a quasi-judicial
ofcial in the Department of Environ-
ment and Natural Resources. From 1996
to 1998, when I was DENR undersec-
retary, I led a team of 30 lawyers that
wiped out, in two years, a backlog of
more than 5000 cases. We started by
literally and physically dismantling the
storage room where case folders have
languished for decades and assigning
all cases to the lawyers. We introduced
a computerized system of case tracking
and then required the lawyers to meet
case quotas. We also instituted a system
of review and editing that made it pos-
sible for us to nalize decisions within a
week after it came to my ofce. Finally, I
got my boss, then-DENR Secretary Vic-
tor Ramos, to dedicate enough time for
us to discuss and nalize decisions so
that he could sign them with condence.
Not all the ills of our judicial system
are however traceable within its walls.
There is a school of thought which sub-
scribes to the belief that this perceived
erosion of the worth and effectiveness
of the present adjudicatory process can
be ascribed to the extremely negative
picture media has painted of our courts.
Journalism, based on this belief, has in-
ordinately focused on the misdeeds of
some judges while at most, ignoring, or
at the very least merely glossing over,
the good and honest performance of the
thousands who toil day by day remain
steadfast in their resolve to uphold the
law and administer justice to all. Surely,
it is regrettable that the sins of the few
must likewise taint the innocent many
as to present to the public a distorted
image of the Judiciary. A line must
therefore be drawn against hasty cri-
tiques and unfounded accusations, oth-
erwise the Judiciary would be unjustly
put in disrepute and the last bulwark for
the protection and vindication of funda-
mental rights will be weakened. For the
record, I personally know many judges
who are the exemplars of competence,
efciency, wisdom and integrity.
Judicial independence becomes
most vulnerable in periods of intoler-
ance. As one American statesman and
judge said: So long as we have an
independent Judiciary, the great inter-
ests of the people are safe. Leave to
the people an independent Judiciary
and they will prove that man is ca-
pable of governing himself; they will
be saved from what has been the fate
of all other Republics, and they will
prove the proposition that govern-
ments of a republican can endure!
With independence in mind as the
most important quality of a chief justice,
after observing and following the JBC
interviews this week, it is clear to me
that the most qualied for the position is
Justice Antonio Carpio followed by Jus-
tices Maria Lourdes Sereno and Roberto
Abad. I do think that Deans Jose Manuel
Diokno, Andy Garcia, Cesar Villanueva,
and Raul Pangalangan, Justice Secretary
Leila De Lima, Solicitor General Francis
Jardeleza, SEC Chair Teresita Herbosa,
Comelec Commissioner Rene Sarmiento
and Atty. Katrina Legarda can be good
chief justices but I have a preference for
a sitting justice and especially for senior-
ity to be followed. I will elaborate on this
in future columns.
Facebook Page: Dean Tony La Vina
Twitter: tonylavs
By William Pesek
AS American athletes enter Londons
Olympic Stadium, all eyes will be on
China. More to the point, on the made-in-
China uniforms Team USA is sporting.
Reports that Ralph Lauren Corp. out-
sourced production of the uniforms to
China has US lawmakers in a lather. Sen-
ate Majority Leader Harry Reid said the
outts should be put in a pile and burned. A
new bill, the Team USA Made in America
Act, ensures athletes attire is more politi-
cally correct for the 2014 Winter Games,
which ttingly will be in Russia.
This controversy is so contrived it
hurts: Its nothing more than a ready-made
excuse to beat up on that economic bo-
geyman, China, which replaces the Soviet
threat of old in a US election year. Uni-
form-gate is just a preview of how ugly
things may get and, frankly, pointless.
President Barack Obama is under
pressure to explain why unemploy-
ment is still higher than 8 percent
ahead of the Nov. 6 election. Mitt
Romney, his Republican challenger,
must offer a vision for creating mil-
lions of jobs. Expect China to come up
early and often as both men try to whip
up emotions and support. Wouldnt it
be better if each offered specic ways
to revitalize the US job market, per-
haps even with Chinas help?
Shallow politics
These shallow politics of the moment
trivialize the most important relationship
in the world and the magnitude of the real
strains. The Obama and Romney teams
should be brainstorming about ways to
correct the global imbalances that thwart
Americas recovery. Xi Jinping, the man
in line to be Chinas next president, should
be telegraphing a new direction for a lop-
sided economy that so far can only thrive
by pursuing zero- sum trade policies.
Instead, the US and China are wast-
ing time assigning blame and hoping
globalizations biggest challenges work
themselves out. The leadership in both
countries that might develop and pro-
mote a rebalancing is nowhere in sight.
The uniforms episode reminds us that
the U.S. is engaging in fatuous pander-
ing. Consider the lack of outrage over
Roots Canada Ltd., the Toronto-based
company that made U.S.-team duds for
the 2002 Salt Lake City Games (headed
by Romney) and for Athens in 2004.
The difference is that Americans
dont view Canada as a rival that threat-
ens US primacy. The U.S. doesnt fear
Canada when it comes to exchange
rates, cheap labor, human-rights records,
military buildups, support of repressive
regimes, designs on conquering space
or massive stockpiles of Treasuries; that
distinction is all Chinas.
Yet its hypocrisy to blame China for the
USs woes. Apple Inc. probably could as-
semble its iPhones and iPads within driving
distance of headquarters in Cupertino, Cali-
fornia, where it dreams up these gadgets. It
makes them in Shenzhen sweatshops for
reasons that have more to do with the US
economy than Chinas. US consumers want
bargains; shareholders demand that Apple
produce its goods as cheaply as possible;
Americans insist on high-paying jobs, and
US laws prohibit China-level wages.
Consumers would be shocked to
learn how many of the American ags
they y are made in China. Ditto for the
Louisville Slugger baseball bats they
buy for their kids and the reworks that
cities use to celebrate Independence
Day. Yet these eight words explain the
pros and cons of globalization: De-
signed by Apple in California, Assem-
bled in China. They show why even
high-tech products invented in the US
dont increase exports, but rather exac-
erbate the nations trade decit.
Americas capitalism
Sure, China should let its currency
appreciate. Yes, it cheats on trade. Intel-
lectual-property rights still mean little
to ofcials in Beijing. An equally big
dilemma is the direction American-style
capitalism has taken during the past 20
years. The only way to reverse things is
for Apple and other icons of U.S. indus-
try to begin producing at home. And for
most products, thats not about to hap-
pen, given the vast gap between U.S.
and Chinese labor costs.
Looked at this way, Ralph Lauren is
only doing what US politicians, by way
of government policies, encourage it to.
Executives who denounce Obama as anti-
business while gleefully pumping up prof-
its produced abroad and squirreling away
cash in tax havens should look in the mir-
ror as they decry the lack of household de-
mand since the 2008 nancial crisis.
The US doesnt have a monopoly on
hypocrisy. China is indignant over the
Team USA uniform uproar; the ofcial
Xinhua News Agency calls it a blas-
phemy on the Olympic spirit. Come on,
the commercialization of the games and
the corruption scandals that plague the
International Olympic Committee should
disabuse us of that. The Summer Games
is American Idol with sneakers. And
although it may shock many in China,
plenty of the USs gripes are legitimate.
Devising smart policies will yield
better results for the US than bashing
China. Striking free-trade agreements
around the globe would do more good
than waiting for the yuan to strengthen.
So will looking for new markets. So will
reviving the entrepreneurial passion that
made the U.S. economy No. 1.
The key is to nd ways to keep more
of the jobs that some of the worlds most
dynamic companies create at home.
Bellyaching over who dresses Team
USA wont get America onto the medal
podium. Bloomberg
DAVAO City Mayor Sara Duterte has
yet to reply to or even acknowledge
receipt of a letter sent her by the orga-
nization Healthcare Without Harm. The
letter, sent July 16, persuades the mayor
not to use Pyroclave technology, as pro-
posed by RAD Green Solutions, in deal-
ing with both infectious and non-infec-
tious hospital waste in her city.
According to www.pyroclave.com,
Pyroclave uses the process of pyroly-
sis, a non-incineration thermal process
where wastes are decomposed at very
high temperatures without oxygen.
In fact, an item at the Philippine In-
formation Agency Web site in early June
says that RAD has presented its Pyro-
clave technology to the city as non-burn
and thus environmentally safe. Duterte
is reportedly seriously considering the
proposal.
But HCWH executive director for
Southeast Asia Merci Ferrer believes that
while pyrolisis is a fancy term, its still
burn technology. She cites a study by the
Global Alliance for Incinerator Alterna-
tives, titled Incinerators in Disguise,
which says those with names like gas-
ication, pyrolysis, plasma arc, and
waste-to-energy all emit dioxins and
other harmful pollutants, despite industry
claims that they are green technologies.
The end-product of Pyroclave is char.
All incinerators have been expressly
prohibited under Section 20 of the Clean
Air Act of 1999. The total ban took ef-
fect July 17, 2003. In fact, this has been
a source of pride for the Philippines be-
cause our Asian neighbors do not even
have such legislation. So yes, on paper,
we are ahead.
Incinerators emit dioxins, which the
World Health Organization has declared
a known human carcinogen. The UN-
DP-Global Medwaste Project describes
dioxin as a family of 210 highly toxic
and persistent chemicals that are unin-
tentional byproducts of medical waste
incineration. Dioxin has been linked to
cancer, effects on the immune system,
reproductive and developmental disor-
ders, and hormone disruption.
Ferrer adds that incinerators also do
away with the requirement of segregat-
ing waste again a violation of an en-
vironmental law, specically the Eco-
logical Solid Waste Management Act of
2000. Since everything will be inciner-
ated together, it doesnt make any sense
to separate the infectious from the non-
infectious hospital waste.
The letter was also sent to Depart-
ment of Health - Center for Health De-
velopment Region XI director Abdullah
Dumama, Jr. and Department of the En-
vironment and Natural Resources En-
vironment Management Bureau Region
XI director Ruth Tawantawan.
The ofce of Director Dumama has
asked for an additional day to respond to
HCWHs letter. Engineer Ricardo Biong,
air quality monitoring ofcer of DENR-
EMB Davao, says RAD Green Solutions
is only due to present its technology on
the week of July 30-August 3 for the issu-
ance of the environmental safety standards
compliance permit. Director Tawant-
awans ofce has also committed to fur-
nishing HCWH a copy of the evaluation
around the second week of August, after
the presentation and testing.
Yes, no permits have yet been issued.
It goes without saying that health and en-
vironment ofcials must be strict in their
evaluation regardless of whether the
companies are well-connected or not.
***
It is not as though there are no other
ways to deal with medical waste, says
Ferrer. Autoclave and microwave are
examples of such alternatives.
Non-burn technologies such as au-
toclaves operate at temperatures that
are high enough to kill microorgan-
isms but insufcient to cause combus-
tion, thereby avoiding the creation of
toxic byproducts like dioxin, says
the UNDP-Global Medwaste Proj-
ect. (http://gefmedwaste.org/article.
php?list=type&type=62)
Microwave treatment is essentially
a steam-based process, since treatment
occurs through the introduction of moist
heat and steam generated by microwave
energy. the site continues.
There is more good news. Ferrer
says that autoclave is available here in
the Philippines, with Philippine manu-
facturers offering them at reasonable
prices. There is one along Bambang
Street, City of Manila. Another big
autoclave manufacturer is in Cebu,
while another one producing small
and mid-size machines are in Marbel,
South Cotabato.
In fact, autoclaving is being done
successfully in St. Pauls hospitals, es-
pecially the ones on General Santos City
and Tuguegarao.
Ferrer says that sometimes she cannot
fathom the minds of government ofcials
who, by virtue of their jobs, must try to
know better. But dont or refuse to. For
example, some engineers and scientists,
who should be the rst to appreciate the
ban on incinerators, say they believe that
burning is still the best option.
Is it ignorance, laziness or complic-
ity? It is difcult to say which among
these is the worst. Do they think they
can just get away with it?
Then again, one can only criticize as
much. Ferrer says that at the end of the
day, she refuses to be defeated by her
frustrations and disappointments, by the
ugly things. One must still be an agent
of change.
This is why we always emphasize
that there are alternatives. In this case,
the alternatives would be safe, economi-
cal, and supportive of local industries.
The issue is in no way as explosive
or controversial as the ones we normally
deal with in politics. But since it has the
potential to affect the lives of millions
insidiously, and thus more danger-
ously ensuring that the lofty goals of
the Clean Air Act are translated into the
decisions our local and national ofcials
make remains of paramount, indeed
burning, importance.
adellechua@gmail.com
A burning issue
News
ManilaStandardToday
mst.daydesk@gmail.com JULY 28, 2012 SATURDAY
A6
Airline union members face economic sabotage raps
Marikina
purchases
questioned
State auditors said the Mariki-
na City Hall purchased 19,325
bags of cement at P195 to P275
per bag in 2011 when the average
price of cement was only P170 to
P180 per bag in Metro Manila.
Moreover, the citys warehouse
record showed that it only had
5,418 bags in storage.
The city was also found
to have bought tex screws, or
screws with hexagonal heads at
at P1,176 per piece when they
only cost P2.50 per piece, audi-
tors said, adding that warehouse
records did not have records of
the 1,050 screws were bought as
showed by accounting records.
The city explained that the dis-
crepancies were due to the non-
issuance or late issuance of the
summary of supplies and materi-
als issued, but did not explain the
substantial price discrepancies.
The audit report also bared
that from 2006 to 2011, the
Marikina government purchased
44,365 square kilometers of land
without land titles, amounting to
P20.6 million, as evidenced by
Deed of Absolute Sale, Deed of
Forfeiture, or Memorandum of
Agreement with Conveyances.
However, their titles were not
yet transferred to the city gov-
ernment as of December 2011.
City Hall explained that some
requirements, such as subdivi-
sion plans, have yet to be ap-
proved by the Land Registration
Administration, thus delaying
the transfer of titles.
The auditors also noted that
Marikina, which was severely
damaged by typhoon Ondoy in
2009, has no approved Disaster
and Risk Reduction Plan as re-
quired by Republic Act 10121,
the Disaster Risk and Manage-
ment Act of 2010.
Moreover, contrary to City
Ordinance 32-2011, the city gov-
ernment has not yet established
a Marikina City Risk Reduction
and Management Ofce, which
must spearhead disaster reduc-
tion programs for the city.
City Hall also utilized only
P8.7 million of the allotted
P146.4 million from the citys
Local Disaster Risk Manage-
ment Fund or Calamity Fund.
City Hall explained that the
city government has yet to nd
an available area big enough to
accommodate the ofce and that
the city council approved the use
of only ve percent of the citys
Calamity Fund because the rest
of the fund, or P125 million, was
used for various programs and
projects.
The audit report also showed that
City Hall used only P5.67 million
out of the P17.9 million granted to
the city from its congressmens Pri-
ority Development Assistance Fund
(PDAF), otherwise known as the
pork barrel fund.
City Hall explained that the
unused pork will possibly be
realigned to programs in connec-
tion with children-in-conict-
with-the-law shelter.
By Merck Maguddayao
MARIKINA City purchased overpriced
cement, screws, untitled properties and
failed to develop a disaster reduction
plan as required by law, according to the
Commission on Audit.
IN BRIEF
Republic of the Philippines
ENERGY REGULATORY COMMISSION
San Miguel Avenue, Pasig City
IN THE MATTER OF THE
APPLICATION OF THE NATIONAL
GRID CORPORATION OF THE
PHILIPPINES FOR THE APPROVAL
OF FORCE MAJEURE (FM) EVENT
REGULATED FM PASS THROUGH
FOR FLOODING IN MINDANAO,
TYPHOON BEBENG, LANDSLIDE
IN MINDANAO AND TYPHOON
JUANING IN ACCORDANCE
WITH THE RULES FOR SETTING
TRANSMISSION WHEELING
RATES, WITH PRAYER FOR
PROVISIONAL AUTHORITY
ERC CASE NO. 2012-070 RC
NATIONAL GRID CORPORATION
OF THE PHILIPPINES,
Applicant
x - - - - - - - - - - - - - - - - - - - - - - - - - - x
NOTI CE OF PUBLI C HEARI NG
TO ALL INTERESTED PARTIES:
Notice is hereby given that on May 7, 2012, the National Grid Corporation
of the Philippines (NGCP) fled with the Commission an application for
the approval of Force Majeure (FM) event regulated FM pass through for
fooding in Mindanao, Typhoon Bebeng, landslide in Mindanao and Typhoon
Juaning in accordance with the Rules for Setting Transmission Wheeling
Rates, with prayer for provisional authority.
In the said application, NGCP alleged, among others, the following:
1. It is a corporation created and existing under the laws of the
Philippines, with principal offce address at NGCP Building, Quezon
Avenue corner BIR Road, Diliman, Quezon City. It is the corporate
vehicle of the consortium which was awarded the concession
to assume the power transmission functions of the National
Transmission Corporation (TRANSCO) pursuant to Republic Act
No. 9136, otherwise known as the Electric Power Industry Reform
Act of 2001 (EPIRA).
2. Under Republic Act No. 9511,
1
it was granted a franchise to
construct, install, fnance, manage, improve, expand, operate,
maintain, rehabilitate, repair and refurbish the present nationwide
transmission system of the Republic of the Philippines.
3. On 15 January 2009, it assumed transmission functions of
TRANSCO including the operation, management and maintenance
of the nationwide electrical grid.
4. Pursuant to Section 10.1.1 of the Rules for Setting Transmission
Wheeling Rates (RTWR), it is allowed to recover the cost incurred
for the restoration, rehabilitation, repair of damage sustained by
NGCP transmission assets and other related facilities as a result
of a Force Majeure Event (FME), as defned in Article I of RTWR.
Allegations on the Flooding in Mindanao as FME
5. During the frst week of January 2011, the Mindanao area suffered
continuous heavy rains causing foods which damaged NGCP
transmission assets and other related facilities.
6. In compliance with Article X of the RTWR, it fled with this Commission
a Force Majeure Event Notice dated 28 March 2011.
7. A copy of the Force Majeure Event Notice dated 28 March
2011, Certifcation dated 15 June 2011 issued by the Philippine
Atmospheric, Geophysical and Astronomical Services Administration
(PAGASA), and Certifcation dated 03 April 2012 issued by the Offce
of the Punong Barangay of Brgy. Tabon, Bislig City, Surigao Del Sur
are hereto attached as Annexes A, A-1, and A-2, respectively.
Allegations for the Typhoon Bebeng as FME
8. On May 7 to 9, 2011, Typhoon Bebeng packing maximum sustained
winds of 85 kph and gustiness of up to 100 kph caused severe
damage to life and property due to strong winds and heavy
downpour over Visayas.
9. Due to its intensity, it caused damage to NGCP transmission
facilities in Visayas area.
10. On July 7, 2011, in compliance with Article X of the RTWR, it fled
with the Commission a Force Majeure Event Notice for Typhoon
Bebeng dated July 1, 2011.
11. A copy of the Force Majeure Event Notice for Bebeng dated July 1,
2011 and Certifcation dated June 15, 2011 issued by the PAGASA
are hereto attached as Annexes B and B-1, respectively.
Allegations for the landslide in Mindanao as FME
12. On or about the frst week of July 2011, the Mindanao area suffered
continuous rainfall causing landslide which damaged NGCP
transmission assets and other related facilities particularly in the
Bukidnon areas.
13. On 23 September 2011, in compliance with Article X of the RTWR,
it fled with the Commission a Force Majeure Event Notice for
Landslide in Mindanao dated 19 September 2011.
14. A copy of the Force Majeure Event Notice dated 19 September
2011, Certifcation dated October 14, 2011 issued by the PAGASA,
Certifcation dated March 28, 2012 issued by the Offce of the
Punong Barangay of Brgy. Tabon, Municipality of Quezon, Bukidnon,
and Final Report issued by the Regional Disaster Risk Reduction
and Management Council (RDRRMC) dated July 8, 2011 are hereto
attached as Annexes C, C-1, C-2, and C-3, respectively.
Allegations for the Typhoon Juaning as FME
15. On July 25-28, 2011, Typhoon Juaning packing maximum winds of
95 kph and gustiness of up to 120 kph caused severe damage to life
and property due to strong winds and heavy downpour over North
Luzon, South Luzon, and Visayas area.
16. Due to its intensity, it caused damage to NGCP transmission assets
and other related facilities in South Luzon area.
17. On September 23, 2011, in compliance with Article X of the RTWR, it
fled with the Commission a Force Majeure Event Notice for Juaning
dated September 19, 2011.
18. A copy of the Force Majeure Event Notice for Juaning dated
September 19, 2011 and Certifcation dated October 14, 2011
issued by the PAGASA are hereto attached as Annexes D and
D-1, respectively.
ALLEGATIONS COMMON TO ALL CAUSES OF ACTION
19. Immediately after the wrath of the foods and landslides in Mindanao
area and typhoons Bebeng and Juaning, NGCP started the repair
and rehabilitation of its damaged transmission assets and other
related facilities in order to continue serving its customers. Some
activities are still in progress up to present in some areas.
20. The cost of Capital Expenditure (CAPEX) that NGCP incurred/will
incur in the rehabilitation, repair and restoration of its transmission
assets and other related facilities and that need to complete such
are as follows:
FME Total (PhP)
2
Flooding in Mindanao Area 730,185.63
Bebeng 9,383.77
Landslide in Mindanao Area 4,887,181.00
Juaning 3,844,235.19
Total 9,470,985.58
Copies of the Details of Activities of FMEs Flooding in Mindanao
Area, Typhoon Bebeng, Landslide in Mindanao Area, and Typhoon
Juaning are hereto attached as Annexes E, F, G, and H,
respectively.
3
1 Republic Act No. 9511 entitled, An Act Granting the National Grid Corporation of the Philippines a Franchise to
Engage in the Business of Conveying or Transmitting Electricity Through High Voltage Back-bone System or
Interconnected Transmission Lines, Substations and Related Facilities, and for Other Purposes,
2 Inclusive of permit fees;
3 Copies of pictures for FME Flooding in Mindanao Area are attached herewith as Annexes E-1 to E-4.
Copies of pictures for FME Typhoon Bebeng are attached herewith as AnnexesF-1 and F-2.
Copies of pictures for FME Landslide in Mindanao Area are attached herewith as Annexes G-1 and G-2.
Copies of pictures for FME Typhoon Juaning are attached herewith as Annexes H-1 and H-2.
21. Notwithstanding that the damaged transmission assets and other
related facilities are owned by TRANSCO, a co-assured of the
Power Sector Assets and Liabilities Management Corporations
Industrial All Risk Insurance Policy (IAR) with the Government
Service Insurance System, the cost of the rehabilitation, repair and
restoration of the damaged transmission assets and other related
facilities is not covered by the IAR and therefore not compensable.
Copies of the Certifcation in support of such allegation are hereto
attached as Annexes I, J, K, and L.
22. In view of the foregoing, there is a need to realign NGCPs CAPEX
projects to recover the cost incurred/to be incurred for the restoration,
rehabilitation and repair of the damaged NGCP transmission assets
and other related facilities.
COMPUTATION OF FORCE MAJEURE EVENT PASS-THROUGH COST
23. It computed for the pass-through FME amount as shown in the
table below:
FME - Peso/kW 2012 2013 2014 2015 Total
Luzon 0.0051 0.0069 0.0068 0.0068 0.0256
Visayas 0.0002 0.0001 0.0001 0.0001 0.0005
Mindanao 0.0962 0.0642 0.0639 0.0635 0.2878
24. It proposes the pass-through cost as additional network charges
in the following areas starting the billing period of May 2012 up to
December 2015 or until such time that the amount incurred is fully
recovered, as follows:
FME - Peso/kW 2012 2013 2014 2015 Total
Luzon 0.0051 0.0069 0.0068 0.0068 0.0256
Mindanao 0.0962 0.0642 0.0639 0.0635 0.2878
25. Although this FME claim is not included in NGCPs 3
rd
Regulatory
Reset Application, the same can be recovered during the 3
rd

Regulatory Period pursuant to Section 10.1.1 of the RTWR where
NGCP is allowed to recover the cost incurred for the restoration,
repair and rehabilitation of damage sustained by its transmission
assets and other related facilities as a result of the FME.
4
26. Further, the FME Claim under this Application does not breach the
FMTA.
5
27. It moves for the issuance of a provisional authority for the immediate
recovery of the FME claim.
6
It needs to immediately recover the
actual expenses incurred for the rehabilitation of the damaged
transmission assets and other related facilities. The occurrence
of the aforementioned FME requires capital infusion, the recovery
of which should be allowed to avoid putting fnancial strain in the
transmission provider, and to allow it to continuously provide the
necessary transmission service to the grid customers.
28. In addition, the timely implementation of the pass-through amount
will allow the equal or even spread of the increases or decreases
in tariffs from the initial implementation of the recovery of the cost.
29. It is most prays of the Commission that:
a. Declare the fooding and landslide events in Mindanao area and
Typhoons Bebeng and Juaning as Force Majeure Events;
b. Approve the CAPEX incurred/to be incurred for the restoration/
rehabilitation/repair of the damaged transmission assets and
other related facilities for the following FMEs: fooding and
landslide events in Mindanao area and Typhoons Bebeng and
Juaning;
c. Approve the proposed pass-through amount representing return
on and of capital expenditure associated with the emergency
responses and the repair and rehabilitation of facilities damaged
due to the said events, as shown in the table below;
FME - Peso/kW 2012 2013 2014 2015 Total
Luzon 0.0051 0.0069 0.0068 0.0068 0.0256
Mindanao 0.0962 0.0642 0.0639 0.0635 0.2878
d. Grant provisional authority to implement and bill the FME Pass-
Through Amount to Luzon and Mindanao customers from 26
April 2012 to 25 December 2015 or until such time that the
amount incurred is fully recovered; and
e. Exclude the proposed Pass-Through Amount from the side
constraint calculation.
Finding the said application suffcient in form and substance with the
required fees having been paid, the same was set for jurisdictional hearing,
expository presentation, pre-trial conference and evidentiary hearing on
August 7, 2012 through Order and Notice of Public Hearing issued on June
25, 2012, for the Luzon Stakeholders.
To afford the stakeholders in Visayas and Mindanao the opportunity
to participate in the instant case, the same is hereby set for jurisdictional
hearing, expository presentation, pre-trial conference and evidentiary
hearing on the following dates and venues:
DATE TIME VENUE PARTICULARS
August 16,
2012
(Thursday)
Nine oclock
in the morning
(9:00 A.M.)
ERC Visayas Field Offce,
Ground Floor, Machay
Building, Gorordo Avenue,
Cebu City
Jurisdictional Hearing and
Expository Presentation for
Visayas Stakeholders
August 17,
2012
(Friday)
Nine oclock in the
morning (9:00 A.M.)
ERC Mindanao Field
Offce, Mezzanine Floor,
Mintrade Buidling,
Monteverde corner Sales
Sts., Davao City
Expository Presentation for
Mindanao Stakeholders
September
12, 2012
(Wednesday)
Nine oclock in the
morning (9:00 A.M.)
ERC Hearing Room,
15th Floor, Pacifc Center
Building, San Miguel
Avenue, Pasig City
Pre-Trial Conference
and Evidentiary Hearing
(Reception of Evidence and
Presentation of witnesses)
September 13,
2012 (Thursday)
Nine oclock in the
morning (9:00 A.M.)
Evidentiary Hearing
(Continuation of
presentation of witnesses,
if necessary)
All persons who have an interest in the subject matter of the proceeding
may become a party by fling, al least fve (5) days prior to the initial hearing
and subject to the requirements in the ERCs Rules of Practice and Procedure,
a verifed petition with the Commission giving the docket number and title of
the proceeding and stating: (1.) the petitioners name and address; (2.) the
nature of petitioners interest in the subject matter of the proceeding, and by
the way and manner in which such interest is affected by the issues involved
in the proceeding; and (3.) a statement of the relief desired.
All other persons who may want their views known to the Commission
with respect to the subject matter of the proceeding may fle their opposition
to the petition or comment thereon at any stage of the proceeding before the
petitioner concludes the presentation of its evidence. No particular form of
opposition or comment is required, but the document, letter or writing should
contain the name and address of such person and a concise statement of
the opposition or comment and the grounds relied upon.
All such person who may wish to have a copy of the petition may request
the petitioner, prior to the date of the initial hearing, that they be furnished
with a copy of the petition. The petitioner is hereby directed to furnish all
those making a request with copies of the petition and its attachments,
subject to reimbursement of reasonable photocopying costs. Likewise, any
such person may examine the petition and other pertinent records fled with
the Commission during the usual offce hours.
WITNESS, the Honorable Chairperson, ZENAIDA G. CRUZ-DUCUT,
and the Honorable Commissioners, MARIA TERESA A. R. CASTAEDA,
ALFREDO J. NON and GLORIA VICTORIA C. YAP-TARUC, Energy
Regulatory Commission, this 19
th
day of July 2012 at Pasig City.
ATTY. FRANCIS SATURNINO C. JUAN
Executive Director III
4 A copy of Force Majeure Event Claim Computation is hereto attached as Annex M;
5 A copy of the Force Majeure Threshold Amount (FMTA) Computation is hereto attached as Annex N.
6 A copy of the Judicial Affdavit of Ma. Bernadette R. Gan, Head, Tariff Administration Section Tariff Design and Billing
Management Division, Regulatory Revenue Affairs, in support thereof is hereto attached as Annex O.
MST July 28 & Aug. 4, 2012
By Vito Barcelo
THE Philippine Airlines Employee
Association assailed the nding of a
Pasay City prosecutor that there was
probable cause to led economic
sabotage charges against 234 union
members who staged a protest at
the airport last September.
Some 100 Palaea members pick-
eted the Pasay Hall of Justice Friday
morning as union lawyers led a
petition for the Metropolitan Trial
Court to review the prosecutors
resolution, dated June 20, 2012, rec-
ommending the ling of the charges
against the 234 members.
A Pasay city prosecutor threat-
ens 234 workers with arrest for al-
leged economic sabotage on du-
bious grounds. PALEAs protest at
the airport last September 27, 2011
was an exercise of the constitution-
ally guaranteed right of workers to
concerted action and thus not il-
legal nor criminal, said PALEA
president Gerry Rivera.
He said warrants of arrest may
be issued against the accused
even as the resolution provides
for bail of P6,000 each, or a total
of P1,404,000.
Philippine Airlines led the
case for alleged violation of the
Civil Aviation Authority of the
Philippines Law, specically
Section 81 (b) (5) which sanc-
tions any person who destroys
or seriously damages the facili-
ties of an airport or disrupts the
services of an airport.
PAL recently said that at least
300 PALEA members joined the
protest action, Rivera said the de-
cision has a chilling effect on labor
relations and is a clear and present
danger to workers rights.
Labor protests will then be
banned in the aviation industry
with workers penalized by both
imprisonment and ne in viola-
tion of constitutionally guaran-
teed rights. This will be a grave
precedent and new special laws
can then be enacted to deny
workers the freedoms of assem-
bly, expression, self-organization
and strike, he said.
The union leader said they
will le a similar petition with
the Department of Justice, which
has jurisdiction over prosecutors,
for a review of the resolution.
We expect that these motions
would stay the issuance of war-
rants of arrest, Rivera added.
Jeepney e-tagging starts in September
RADIO frequency identication for public utility jeepneys in
Metro Manila will be strictly implemented starting September.
The Metro Manila Development Authority and Land Trans-
portation Franchising and Regulatory Board on Friday signed an
agreement of cooperation to address the problem of unregistered
and out-of-line passenger jeepneys by electronic tagging.
Passenger jeepney groups will pay P480 per for electronic
tags and at least three service providers have offered their own
e-tag products but ofcials expressed a preference for the US-
made over a China-made product because of it is more practical
and tamper-proof. Rio N. Araja
Manila plea vs. 1,197 workers junked
A MANILA court denied the appeal of the Manila city government
against the reinstatement of 1,197 red employees and the payment
of their salaries after declaring Manila Mayor Alfredo Lims
Executive Order No. 15 invalid and contrary to law.
In an order issued July 26, 2012, RTC Judge Daniel Villanueva of
Branch 49 denied the motion for reconsideration led respondents
city budget ofcer Heidi Rosero and city treasurer Marissa De Guz-
man as represented by City Legal Ofcer Renato dela Cruz.
In dismissing the citys plea, Villanueva noted that the respon-
dents contentions were essentially a rehash of what had already
been decided by the court in its June 20, 2012 Order and there
was substantial compliance with the rule on veried petition.
Macon Ramos-Araneta
Grenade blast rocks Philex building
A MARK 2 fragmentation grenade was the explosive hurled by
the still unidentied suspects at the Philex Mining Corp. building
at No. 27 Brixton Street, Barangay Kapitolyo, Pasig City early
Friday morning, according to National Police spokesman Chief
Supt. Generoso Cerbo.
He said that witnesses recounted seeing two men, on-board
a motorcycle, hurling the grenade at the front of the building
around 3 a.m. Friday. No one was reported hurt but the blast de-
stroyed a plant box and left small hole on a nearby wall.
On June 2, a similar incident took place around 8 a.m., dam-
aging the rms guardhouse. Probers said that the suspects may
have no intention of hurting anyone except to sow fear.
Gigi Munoz David
A7 Sports Riera U. Mallari, Editor
ManilaStandardToday
sports_mstandard@yahoo.com
A commendable Olympic coverage
Ateneo, La Salle clash
FOR the past several Olympic
Games, audiences in the Philippines
have been treated to a television cov-
erage mainly by the government net-
work NBN 4, which, with its skimpy
resources, did its best to try and cap-
ture the glory of the games and the
erceness of the competition among
some of the greatest athletes in the
world in various disciplines.
We recall Solar Sports handled
the 2008 Bejing Olympics and did a
commendable job.
This year, thanks to the commitment
of ABC 5 with its various platforms, as
well as Solar Sports, we can look for-
ward to a wider coverage and hopefully
a more relevant and entertaining one.
If the dress rehearsal of the open-
ing ceremonies was any indication,
then this years opening, which will
be handled by Oscar-winning director
Danny Boyle, who was remarkably
outstanding in capturing the essence of
the movie Slumdog Millionaire and
fellow lmmaker Stephen Daldry, who
is the creative director, is certain to give
us what has already been described as a
spine-tingling extravaganza.
To us, there is something innately
extraordinary about the British,
whose rich tradition of culture and
gentlemanliness and a glowing
sporting spirit should leave an indelible
mark on the entire Games and capture
the imagination of the world.
As Daldry pointed out, the opening
ceremonies will champion the rich
heritage, diversity, energy, inventive-
ness, wit and creativity that truly de-
ne the British isles.
Filipinos will enjoy the opportunity
to watch the stirring spectacle when TV
5, Aksyon TV, Hyper 2 and Hyper HD
telecast the ceremonies live at 4 a.m. on
Saturday, with a replay on AKTV IBC
13 at 12 noon.
But thats not all. The ABC 5 group,
owned by the remarkable business-
man-sportsman Manny Pangilinan
will, in a smart programming move,
give audiences a chance to watch their
favorite sports and their own particular
heroes compete with the various events
telecast on different platforms.
For example, if basketball games
clash with athletics for instance, they
will be telecast the events on differ-
ent channels enabling the viewer
to choose what he or she prefers to
watch. This is sensible programming.
Even more encouraging is the fact
that while the Philippines has only
11 athletes competing in London and
we hope the countrys long cherished
quest for gold is fullled, the ABC 5
network group will telecast the ef-
forts of our individual athletes, who
will compete in 9 of the 26 events.
A tness buff and a sound specimen
of athletic prowess, popular Derek
Ramsay, the TV 5 sports ambassador
will be joined by sports reporter Lia
Cruz to provide continuing updates and
live coverage of many of the Olympics
sporting events, particularly those in
which our athletes will compete.
In the interest of our sports fans,
below is the schedule of the partici-
pation of the 11 Filipino athletes and
the telecast times together with the
corresponding network.
Rachel Cabral and Mark Javier
(ArcheryQualifying Rounds) July
28, 3 to 3:30 p.m. on AKTV
Jessie Khing Lacuna (Swim-
mingQualifying Heats) July 29,
11:30 p.m. to 2 a.m. on AKTV
Brian Rosario (Shooting
Qualifying Rounds) July 31, 9 to
10 p.m. on AKTV
Hidilyn Diaz (Weightlifting) July
31, 10:30 p.m. to 12:30 a.m. on AKTV
Mark Barriga (BoxingFirst
Round) July 31, 11 p.m. to 2:30 a.m.
on AKTV
Jasmine Alkhaldi (Swimming
Qualifying Heats) Aug.1, 9 to 11
p.m. on AKTV and Aug. 2, 3:30 to
5 a.m. on TV5
Tomohiko Hoshina (Judo) Aug. 3,
5 to 6:30 p.m. on AKTV and Hyper
Marestella Torres (Long Jump)
Aug. 7, 5 to 7:30 p.m. on AKTV
Rene Herrera (5,000m Race)
Aug. 8, 2 to 4:30 a.m. on AKTV and
Aksyon TV
Daniel Caluag (Cycling) Aug. 8,
11 p.m. to 1 a.m. on AKTV and Au-
gust 9, 9:30am to 11a.m. on Hyper
No matter where you are, enjoy
the games and cheer our own athletes
in what surely must be the greatest
show on earth and the continuing
search for human excellence.
Let the Games begin and all the
best and thank you to our friends
from ABC 5 and Solar Sports for
making this all possible.
IN BRIEF
DON Bosco and Ateneo-A marched
to their second straight wins in as
many days in the Small Basketeers
Philippines, while host Xavier School
and Chiang Kai Shek College notched
back-to-back wins in the Passerelle to
become the early leaders of the Milo-
sponsored and Best Center-organized
twin tournaments.
Don Bosco, however, had a hard
time disposing of Lourdes School of
Mandaluyong and relied on Miguel
Mercados team-high 20 points for a 50-
46 Group-A victory.
Ateneo-A also took the same hard
route, barely surviving Xavier, 50-44, to
top Group B.
La Salle Greenhills notched its
Group A debut win, an 84-5 rout of San
Sebastian College.
RONNIE
NATHANIELSZ
INSIDE SPORTS
The Blue Eagles come into their 4 p.m.
showdown with a head-to-head advantage
of three victories in four encounters since
2010.
Veterans Nikko Salva, Greg Slaughter
and Kiefer Ravena are again expected to
take charge as the Blue Eagles seek to re-
main at second spot behind the Far Eastern
University Tamaraws, who remain unbeat-
en after three games.
Salva had been averaging 17.5 points
per game for the Blue Eagles, while
Slaughter can chip in 15.5 points and
10.5 rebounds. On the other hand, Rave-
na can contribute 13.5 points.
The Eagles are coming off an 89-65
blasting of pre-tournament favorite Na-
tional University and coach Norman Black
believes that the Blue Eagles can get past
the Green Archers if they play a balanced
game against them.
I just reminded the players that our of-
fense may be up and down, but our defense
must be consistent, said Black.
The Green Archers, who share the
same 2-1 slate in second spot with the
By Peter Atencio
DEFENDING champion Ateneo will be looking
for a third consecutive win when it renews its
rivalry with La Salle today in the University Athletic
Association of the Philippines basketball tournament
at the SM Mall of Asia Arena in Pasay City.
Asian
karting
today
CARMONA Mayor Dahlia
Loyola will be the guest of
honor as the best Asian kar-
ters dispute the titles at stake
today in the Philippine leg of
the 2012 Asian Karting Open
Championship Series at the
Carmona Racetrack.
Mayor Loyola will keynote
the simple opening rites at 12
noon, along with other ofcials
of the sanctioning Automobile
Association Philippines, led
by AAP Steward Jun Espino,
who will ofcially declare the
races open in this event sup-
ported by the Philippine Sports
Commission and sponsored by
Yokohama the ofcial tires,
Coca-Cola, Sparco, Vivere,
the ofcial home of Asian kar-
ters, Motorstar and Aeromed.
A total of 83 karters from In-
donesia, Malaysia, Singapore,
Thailand, Macau, Hong Kong
and host Philippines will dis-
pute the titles in the Formula
125 Open Senior, Formula 125
Open Junior, Mini-ROK, SQ
Cadet Novice and Expert, SQ
Novice, Expert and Veteran,
and the Yamaha Cup Expert
and Novice classes.
They will be presented in the
traditional Parade of Nations
just before the Pre-Final and
Final Races set in the afternoon.
Much of the focus will be on
the premier Formula 125 Open
Senior, where a bigger eld of
26 karters engages in a gruel-
ing, unpredictable battle for
the coveted plum.
Among the top foreign fa-
vorites in the said division are
Gabriel Arcaradine of Indone-
sia, Anderson Martono of Sin-
gapore and lone Thailand bet
Tanapon Nokkaew who put up
a big show in the Macau kick-
off round last month.
Don Bosco, Ateneo
show way
PRINCESS Superal turned in a superb
game in the early going then cruised to a
2&1 victory over Kelly Shon to barge into
the quarternal round of the Womens
Trans National Golf Championship at
the Members Club at Woodcreek in
Columbia, South Carolina Thursday.
Superal went 1-up at the turn in
sweltering condition and held on to it
before taking another hole on the 17th
to wrap up the close match for the win
that averted an impending shutout for the
ICTSI-backed bets.
The 15-year-old Superal earlier routed
Collins Bradshaw, 4&2, in the Last 32
phase where she posted a 2-up lead at the
turn before cruising to victory. She will
take on Rika Park Friday for a spot in the
seminals.
Superal gains quarterfinals
GRANDMASTER Eugene Torres
strong nish in the 2012 National
Open Chess Championships didnt go
unrewarded.
The 60-year-old brand new grandfather
will make a record 21st appearance in
the World Chess Olympiad as GM Julio
Catalino Sadorra begged off to continue
his studies at the Texas Tech University,
where he is taking BS Applied
Mathematics.
This years Olympiad is slated on Aug.
27 to Sept. 10 in Istanbul, Turkey.
This is unexpected. I never envisioned
myself representing the country in the
biggest stage of chess competition as
a senior citizen, said Torre, who will
break a tie with Hungarian GM Lajos
Portisch for the most number of stints in
the Olympiad.
Portisch has played in 20 consecutive
Olympiads, while Torre has represented
the country in 19 straight Olympiads and
20 overallthe rst in Siegen, Germany
in 1970 and the latest in Khanty-
Mansiysk, Russia in 2010. He credited
his longevity and durability to a healthy
lifestyle that includes regular workout in
a popular gym.
Torre joins Olympiad
Flawless 66 gives Mars crown
ILOILOMars Pucay broke
a two-year spell on the ICTSI
Philippine Golf Tour, outgun-
ning Miguel Tabuena in a shoot-
out in the second-to-last flight for
a bogey-free 66 and a one-stroke
victory in the P1 million ICTSI
Iloilo Golf Challenge here.
With Angelo Que, Orlan
Sumcad and Peter Villaber
cracking under pressure in
the nal group and hobbling
with mediocre scores, Pucay
and Tabuena provided the
thrill and action in their hunt
for birdies that came like rain
yesterday. But Pucay outlast-
ed Tabuena in the crunch, his
delicate side-hiller from three
feet on No. 16 proving to be
the clincher for his rst win
since topping the Forest Hills
leg two years ago in Antipolo.
He finished with a seven-
under 203 at the par-70 Sta. Bar-
bara layout and pocketed the top
P200,000 purse in the 54-hole
tournament organized by Pilipi-
nas Golf Tournaments Inc.
The turning point was
my birdie putt on No. 16,
said Pucay, who went one-
up again after Tabuena drew
level following a three-birdie
binge from No. 13.
But the 17-year-old Tabue-
na, winner of two of the rst
seven legs on the circuit spon-
sored by ICTSI, settled for
pars in the last three holes and
matched Pucays closing 66 for
second at 204 worth P120,000.
THE Tuason Racing School-Castrol Drift
Team embarks on another season of excit-
ing action and challenges with multi-titled
champion Mike Tuason and Bjorn Ong-
tiaobok spearheading its campaign for
the titles at stake in the 2012 Lateral Drift
Championship Series kicking off today at
the Quirino Grandstand.
Parading the Castrol RX7 car, Tuason will
be pushing his talents against the top guns in
the Pro divison, while Ongtiaobok will be vy-
ing for the crown in the amateur class through
the support of Castrol, Bridgestone, Standard
Insurance, C! Magazine, OMP, Coke Zero,
Oakley, Aguila and Toptul.
Adjustments were done on the Castrol
RX7 car to maximize its racing performance
and suit the demands of the highly competi-
tive racing action against the more favored
Nissan Skyline and the Sylvia s15.
Tuason expects a rough journey this season
as he goes up against the elite and more expe-
rienced top guns of the premier class.
But his innate skills, borne out of inher-
ited champion racing genes and molded by
years of experience in various motorsports
disciplines, plus his unconventional tech-
niques in handling racing situations, could
stand as his best weapons in his quest for
the overall crown.
TRS-Castrol eyes
drifting triumph
Blue Eagles and the Bulldogs, are seek-
ing to bounce back from a 46-48 setback
at the hands of the Far Eastern Univer-
sity Tamaraws.
The NU Bulldogs take on the Univer-
sity of Santo Tomas Tigers (1-1) earlier
at 11 a.m.
Coach Gee Abanilla said the players, espe-
cially the rookies, have learned how to deal
with endgame situations, and how they han-
dled themselves in the closing minute of their
game with the Tams.
I think this game will be a good teacher
to the rookies. Hopefully, if we are faced
with the same situation, we are deciding
better next time,Abanilla.
A good matchup is expected to take
place when big man Norbert Torres (12
points per game) tries to hold his ground
against the 68 Slaughter, while LA Re-
villa, who was absent the last time around
due an ankle injury, will be around to add
experience at the point.
THE University of Perpetual Help Altas are keen on grabbing the
solo lead in the 88th National Collegiate Athletic Association mens
basketball tournament.
They will be in such an unfamiliar situation when they face the Emilio
Aguinaldo College Generals at 4 p.m. today at the Arena in San Juan.
On the other hand, the San Sebastian College Stags hope to pick
up their fth win in six matches when they take on the Arellano Uni-
versity Chiefs at 6 p.m.
The Altas, who are in their best start since 2004, will have a chance to overtake
the Jose Rizal University Heavy Bombers if they get past the Generals.
Laban iyan. Gusto kaming talunin niyan kaya kailangang paghan-
daan. Gusto kong makuha namin ang last games namin sa rst round
para 7-2 kami, at nasa itaas pagkatapos ng rst round, said Altas
coach Aric del Rosario. Peter Atencio
Perpetual guns for solo lead
Ceremonial move. Pilipinas Shell Social Investment manager Jackie Ampil
(left) and Tuguegarao City administrator Miguel Lim shake hands after making
the ceremonial moves kicking off the 20th Shell National Youth Active Chess
Championship Northern Luzon Leg at Brickstone Mall Event Center in Tuguegarao
recently. With them are (standing, from left) Shell Dealer Jay Carag, chief arbiter Raul
Cruz, Pilipinas Shell North Luzon Retail Territory manager Paolo Bernardo and Shell
dealer Angel Pobre.
INVITATION TO BID
The NATIONAL COMMISSION for CULTURE and the ARTS (NCCA), with address at 633 General Luna
Street, Intramuros 1002 Manila, Philippines through its Bids and Awards Committee (BAC), now invites bids for:
Items to Bid for 2012 requirements
Approved Budget for
the Contract
Date/Venue of
Pre-bid Conference
Date/Venue of
Submission and Opening
of Bids
Non-Refundable Fee
Supply and Delivery of Personal
(Desktop) Computers
P 800, 000.00 (Inclusive
of all taxes)
August 6, 2012
At 10:00 a.m.
ICAM Conference Rm.
3
rd
Floor, Main Bldg.
August 20, 2012
At 10:00 a.m.
NCCA Board Rm.
7
th
Floor, Main Bldg
P 4,000.00
Supply and Delivery of Auto Pole
Exhibit System
P 520,000.00
(Inclusive of all taxes)
August 6, 2012
At 11:30 a.m.
ICAM Conference Rm.
3
rd
Floor, Main Bldg.
August 20, 2012
At 12:00 p.m.
NCCA Board Rm.
7
th
Floor, Main Bldg
P 4,000.00
Supply and Delivery of Audio Video
Presentation and TV Commercial
for GAMABA
P1, 300, 000.00
(Inclusive of all taxes)
August 6, 2012
At 1:00 p.m.
ICAM Conference Rm.
3
rd
Floor, Main Bldg.
August 20, 2012
At 2:30 a.m.
NCCA Board Rm.
7
th
Floor, Main Bldg
P 10,000.00
1. Interested bidders may obtain further information and inspect the bidding Documents at the Offce of the
BAC Secretariat 2nd foor, NCCA Building in the above stated address, should it be available, download it from the
NCCA website.
2. The NCCA Bids and Awards Committee shall screen the eligibility of prospective bidders based on their
compliance with the eligibility requirements on a non-discretionary pass/fail basis, evaluate, and post-qualify bids to
determine whether the bidder concerned complies with and is responsive to all the requirements and conditions for
eligibility. All particulars relative to the eligibility, bidding, evaluation of bids, and award of contract shall be governed
by the applicable provisions of Republic Act No. 9184, otherwise known as the Government Procurement Reform
Act (GPRA), its implementing rules and regulations and the Terms of Reference issued by the NCCA-BAC.
3. The NCCA reserves the right to reject any and all bids, or declare a failure of bidding, or not award the
contract, or to annul the bidding process at any time prior to contract award, to waive any required formality in the
bids received or defects therein, or to accept such bid as may be considered most advantageous to the Commission,
without giving any reason thereto and incurring any liability to the affected Bidder/s or any obligation to inform the
affected Bidder or Bidders of the grounds for the Commissions action; the right to confscate the bid bond should
the winning bidder refuse to accept the contract; and award the bid to the next Lowest Calculated and Responsive
Bid. The Commission does not assume any obligation whatsoever to compensate or indemnify the bidders for any
expense or loss that may be incurred in the preparation of their bid, nor does it guarantee that an award will be made.
4. The schedule of BAC activities is provided below and the BAC reserves the right to cancel, alter, and change
the schedule or venue herein stated, without incurring any liability or obligation from those affected:
All concerned and interested are herein invited to participate as observers at the venues and dates herein
provided.
BAC Activities Schedule
1. Bidders Obtain Bid Forms and Terms of Reference July 28, 2012
2. Deadline for submission of any written request for clarifcation August 7, 2012
5:00p.m.
3. Bid Bulletin, if any August 8,2012
4. Post Qualifcation To be announced
5. BAC Recommendation/Commission Approval/Notice of Award/Contract Signing To be announced

Very truly yours,

(Sgd.) MARICHU G. TELLANO
BAC Chairperson
PAMBANSANG KOMISYON PARA SA KULTURA AT MGA SINING
NCCA-BIDS AND AWARDS COMMITTEE
(MST-July 28, 2012)
2 EZ2 0000
Riera U. Mallari, Editor sports@manilastandardtoday.com sports_mstandard@yahoo.com
Sports
Manila Standard TODAY
A8
Unlocking the mystery that is Rey
By Randy Caluag
REY Mysterio is one of wrestlings
most colorful superstars. Hes the
lightest heavyweight champion
ever at 175 pounds. His built would
probably be good at the yweight
division in boxing, but he excelled
in the land of the giants because of
the high-ying and high-kicking
style he learned from his long stints
in the Mexican wrestling scene.
Manila Standard had the rare op-
portunity of an exclusive one-on-one
interview with the masked wrestler
as arranged by ABS-CBN, the ex-
clusive carrier of World Wrestling
Entertainment on Studio 23.
Mysterio also spent some
time with the children under
the care of Bantay Batay for his
anti-bullying campaign.
But before that, we were able
to unlock Reys mystery using
the numbers game.
619 Reys most signature move in
wrestling. Its a tiger feint kick to n-
ish off his opponent. Its the area code
of the place where Rey came from
San Diego, California. Some people
tend to forget where they come from.
For me, I have to give tribute to the
place where people are proud of you.
Its something I have to give in re-
turn. Those numbers are a represen-
tation of where I come from.
8 The age Rey started training
wrestling. His uncle, who also car-
ried the same moniker Rey Myste-
rio, cast a great inuence on him.
But his real idol was a 1970s Japa-
nese wrestler named Tiger Mask,
with whom he patterned some of
his high-ying acts.
14 The age at which he had his
rst-ever wrestling match in Tijua-
na, Mexico. His debut was on April
30, 1989. I was so skinny back
then. Mexico has deep history of
pro wrestling, called Lucha Libre
(translated Free Wrestling or free-
style wrestling in English). Most
Mexican wrestlers wear mask.
They were so sacred that they wear
them even in public. Some remove
the mask only after they retire, oth-
ers still wore them in public and are
only unmasked after their death.
165 Reys height in centimeters.
If converted to the Philippine mea-
surement standard, he stands a little
over than 54. Hes probably the
smallest wrestling superstar to have
won the WWE world championship
titles. Short in height yes, but hes big
in skills. To be continued
LOTTO RESULTS
6/45 000000000000
4 DIGITS 00000000
3 DIGITS 000000
P0.0M+
Marestella vows to do better this time
LONDONThe Philippines Jessie
Lacuna and Jasmine Alkhaldi dont
see themselves getting reduced to
star-struck fans when they swim
against the likes of Americans Ryan
Lochte and Nathalie Coughlin and
Germanys Britta Steffen in the 30th
Olympic Games.
LONDONIn her own words
and in the eyes of a coach, vet-
eran Marestella Torres will do a
lot better this time.
Handang handa na po ako,
said Torres, giggling as she
bumped into two Team Philip-
pines ofcials on her way to the
training venue just a short ride
away from the Olympic Village.
Indeed, she looks good, in top
shape and ready to make up for her
forgettable showing four years ago
in Beijing, where she nished only
34th out of 41 long jumpers with a
paltry effort of 6.17 meters.
That the Marestella today
doesnt look like the Marestella
four years ago didnt come un-
noticed to a Filipino coach from
another sport.
Marestellas more focused
now. Shes a great athlete. Im
sure shes okay than when she
was in Beijing. Look
at her, said swim-
ming mentor Pinky
Brosas, lauding the
lady, who has been the
face of local athletics
for some time now.
Obliging for a short
talk with a team of-
cial, Marestella said
shes now 90 percent
ready, with more
than a week to go be-
fore her event on Aug. 7, unlike in
Beijing when she competed just
for the fun of it.
Basta makasama lang sa
Beijing, said Torres, bursting
into a loud laugh.
Its different this time.
Marestella, a four-time South-
east Asian Games champion in
her event, gladly joined the three-
week training camp provided free
by London Games
organizers, doing ev-
erything to make the
most out of it.
Nagtiyaga talaga
ako sa camp. Alam
kong marami akong
makukuhang maganda
dito, she said.
One of them is the
chance to adapt to the
unpredictable Lon-
don weather a good
two weeks before the opening,
something which she said has
helped her a lot as she makes her
second Olympic bid in a career
that has its ups and downs.
Her chances?
Its as difcult as having a
souvenir shot with the Queen on
a Sunday, given the formidable
opposition headed by defending
champion Maureen Higa Magi of
Brazil, who did 7.04 in Beijing.
Mabigat, she blurted out.
Marestellas best effort is 6.71
meters, which she achieved in
a triumphant campaign in last
years Southeast Asian Games in
Palembang, Indonesia. That was
also the Olympic Class B qualify-
ing mark.
Building up for the London
Games, Marestella joined two
Asian tournaments, with mod-
est success. She wound up third
in the kickoff leg of the Asian
Grand Prix and fth in the sec-
ond before preventing a shutout
with a win in the nal stage.
A few days before the camp,
Torres showed shes hell-bent
doing good this time by winning
the Asian All-Stars in Almaty,
Kazakhstan, with a jump of
6.62, which she attained in her
sixth and nal attempt.
By Jeric Lopez

WHO will be the Most Valu-
able Player for this season in
the Philippine Basketball As-
sociation?
Four prolic cagers are in
contention for the sought-af-
ter award, namely Barangay
Ginebras Mark Caguioa, Pow-
erades Gary David, B-MEGs
James Yap and Petron Blazes
Arwind Santos.
The MVP will be known to-
morrow when the annual Leo
Awards are held before Game
4 of Governors Cup nals at
the Smart-Araneta Coliseum.
The obvious frontrunner for
the highest individual award
is Caguioa, since he has won
the last two Best Player of
the Conference awards for the
Commissioners Cup and this
Governors Cup.
The voting started last
Thursday and ends today.
However, Caguioa, at this
point of his career, doesnt
think about it much. But if
its for him, hell take it of
course.
Dati talaga noon, hini-
hingi ko yang mga individual
awards and hindi ko naman ha-
los nakuha. Then ngayon, hindi
ko hinahanap binibigay naman
sa akin ni Lord. It comes with
maturity na rin siguro, said
Caguioa, who led the Gin
Kings to two seminals ap-
pearances and a quarternals
nish this season. Im not re-
ally thinking about it.
David and Yap also have a
strong case for the award.
Caguioa,
Yap lead
MVP race
Arum to
discuss
Pacmans
next fight
By Ronnie Nathanielsz
TOP Rank promoter Bob Arum
is scheduled to arrive in Manila
on Aug. 6 to discuss the next
ght of Manny Pacquiao, ten-
tatively scheduled for Nov. 10.
However, Pacquiao told the
Manila Standard that nothing
was certain, either about the
date of his next ght or the pos-
sible opponent.
Two possible foes have been
mentioned so far Timothy
Bradley, who grabbed Pac-
quiaos World Boxing Organi-
zation welterweight title by a
split decision, or Juan Manuel
Marquez in a fourth ght.
In a brief interview after he
was inducted as incoming presi-
dent of Manila Rotary District
101, Pacquiaos eyes lit up when
informed that a megabuck ght
against Floyd Mayweather Jr.
is possible sometime next year
and that quiet, behind-the-scene
negotiations were going on to try
and make the ght happen.
Arum himself said a May-
weather ght is possible some-
time next year, because the
American needs time to recov-
er from his prison stint at the
Cook County Detention Center
in Las Vegas, Nevada.
Mayweather is expected to
be released on Aug. 3 instead of
Aug. 30 for good behavior.
On instructions of former
Olympian Pinky Brosas, the two
young, rst-time Olympians will
swim their pace and make the
most out of it when they com-
pete in the heats of their respec-
LONDONWith the nish line fast
approaching, Roger Bannister has
broken away from the pack and is now
the bookmakers clear front runner
to light the Olympic cauldron later
Friday. British bookmaker William Hill
has closed the market on Bannister
after cutting odds from 6-1 to even
money after a surge in betting on the
rst man to run the mile in less than 4
minutes. AP
OLYMPIC NEWS
Swimmers see tough grind
tive events thats teeming with
superstars.
The 18-year-old Lacuna swims
in one of the heats in the 200-meter
freestyle on Sunday and compet-
ing against Lochte is a possibility.
His chances of advancing to the
seminals look terribly bad.
Ditto with Alkhaldi, who
plunges to the waters of the
sweeping wave-like swimming
center next week as she com-
petes in the 100-meter freestyle
heats where the so-called human
sharks like Coughlin and Steffen
abound and ready to gobble up
anyone, who comes their way.
Like Lacuna, the 19-year-old
Alkhaldi will nd the going very
tough and is expected to emerge
out of the pool singing the blues
in her rst foray into the worlds
biggest sports gathering
Its really tough. Everybody
is here, said Brosas, a veteran
of the 1972 Munich Olympics.
They are prepared and they
know the kind of opposition
theyve to contend with.
One thing is sure, though. The
two swimmers wont be totally
mesmerized when they get to
swim against the big guns.
Racing against the best like
Phelps (Michael) and Lochte is a
dream, but I wont be disturbed.
Langoy lang ako, said Lacuna,
now the fastest Filipino swimmer
with the retirement of many-time
Southeast Asian Games gold
medalist and Beijing Olympian
Miguel Molina.
Ill just wont mind whom I
swimming with, said Alkhaldi,
only 19 and beautiful.
The Olympic rings are seen atop the iconic Tower Bridge over river Thames in London. The giant rings, which are fully retractable to allow for tall ships to pass through the bridge, will remain in position for the duration
of the Games. AP
Rey Mysterio (left) is welcomed by Studio 23 head Vince Rodriguez.
Torres
Business
B1
Ray S. Eano, Editor extrastory2000@gmail.com
Roderick T. dela Cruz, Assistant Editor
IN BRIEF
Govt okays feed-in tariffs
Agriculture eyes self-sufficiency in vegetables
PSE COMPOSITE INDEX
Closing July 27, 2012
OIL
PRICES
TODAY
P584-P695
LPG/11-kg tank
P47.15-P53.07
Unleaded Gasoline
P38.40-P41.05
Diesel
P40.30-P52.20
Kerosene
P27.20-P31.00
Auto LPG
FOREI GN EXCHANGE RATE
Currency Unit US Dollar Peso
United States Dollar 1.000000 42.0940
Japan Yen 0.012784 0.5381
UK Pound 1.569000 66.0455
Hong Kong Dollar 0.128904 5.4261
Switzerland Franc 1.022809 43.0541
Canada Dollar 0.990099 41.6772
Singapore Dollar 0.799233 33.6429
Australia Dollar 1.040691 43.8068
Bahrain Dinar 2.652661 111.6611
Saudi Arabia Rial 0.266660 11.2248
Brunei Dollar 0.796052 33.5090
Indonesia Rupiah 0.000106 0.0045
Thailand Baht 0.031696 1.3342
UAE Dirham 0.272272 11.4610
Euro Euro 1.228400 51.7083
Korea Won 0.000869 0.0366
China Yuan 0.156639 6.5936
India Rupee 0.017841 0.7510
Malaysia Ringgit 0.316256 13.3125
NewZealand Dollar 0.786411 3.1363
Taiwan Dollar 0.033175 1.3965
Source: PDS Bridge
Bangko Sentral ng Pilipinas
Friday, July 27, 2012
PESO-DOLLAR RATE
40
42
44
46
48
P41.900
CLOSE
Closing JULY 27, 2012
5,219.55
66.99
VOLUME 837.650M
HIGH P41.850 LOW P42.020 AVERAGE P41.934
5200
4460
3720
2980
2240
1500
1200
BSP cuts
loan rates
to 3.75%
New UP campus. Its all systems go for the University of the Philippines Professional Schools in the Bonifacio Global City. Vice President Jejomar Binay (fth
from left) leads the groundbreaking ceremonies for the satellite campus at the institutional area of the BGC in Taguig City. With him are (from left) UP Law Centennial
Commission member and Camarines Sur Rep. Luis Villafuerte Sr., Aurora Rep. Juan Edgardo Angara, BCDA chairman Felicito Payumo, Taguig City Mayor Laarni Cayetano,
UP Law Centennial Commission chairman Senator Edgardo Angara, UP president Alfredo Pascual, BCDA president and chief executive Arnel Paciano Casanova, UP
Diliman Chancellor dean Caesar Saloma and former UP College of Business Administration dean Magdaleno Albarracin. The new facility will rise in the 4,300-square
meter lot donated by BCDA to UP.
ALSONS Consolidated
Resources Inc. hopes to nalize
within 30 days a P9-billion loan
agreement with the local banks to
nance the construction of a 200-
megawatt coal project.
Alsons is negotiating the loan
for unit Sarangani Energy Corp.,
which will build the power plant.
Financing is through a
project nancing scheme with
local syndicate of banks,
Tirso Santillan Jr., Alsons chief
operating ofcer and executive
vice president, said Friday.
The board of Sarangani Energy
recently approved an increase in
the companys authorized capital
stock to P4.25 billion, from an
initial P5 million, to cover equity
in the development, construction
and operation of the coal-red
power plant project in Maasim,
Sarangani province.
Sarangani Energy is a wholly-
owned subsidiary of Alsons, the
publicly-listed holding company
of the Alcantara Group. Its capital
stock will be divided into 4.25
billion shares with a par value of
P1 per share.
The Sarangani power plant
will produce up to 200 MW
of electricity for the province,
neighboring General Santos City
and portions of southern and
south-central Mindanao.
The plant aims to help provide
a long-term solution to the power
shortage in Mindanao.
The Sarangani Energy board
also gave the go-signal to
Daelim Industrial Co. Ltd. of
South Korea to proceed with the
ground works on the plants rst
100-MW phase.
Daelim is the agship company
of the Daelim Groupone of
the leading Korean business
conglomerates and one of
the biggest construction and
engineering rms in South Korea
with projects in 24 countries.
The plants detailed design
and engineering works will run
through the fourth quarter.
The rst phase of the power
plant is expected to commence
operations in early 2015.
The Alcantara Group controls
and operates the 100-MW
bunker-red power plant of
Western Mindanao Power Corp.
in Sangali, Zamboanga City
and Southern Philippines Power
Corp.s 55-MW station in Alabel,
Sarangani province.
The group is also developing
the 100-MW plant of San Ramon
Power Inc. in San Ramon,
Talisayan, Zamboanga City, which
will generate up to 100 MW of
electricity for Zamboanga City and
nearby areas. The plant is expected
to be operational by 2016.
The Alcantara Group, through
subsidiary Mapalad Power Corp.,
obtained the right to reacquire
the 102-MW Iligan Diesel Plant
from the Iligan City government.
Rehabilitation and operation of
the Iligan plant will start once the
transfer is nalized.
Alena Mae S. Flores
By Othel V. Campos
THE government is targeting self-sufciency
in vegetables to supplement the countrys bid
to boost rice production and meet domestic
demand in 2013 to 2014.
After rice, our next focus is to achieve
self-sufciency in vegetables, Agriculture
Secretary Proceso Alcala told vegetable
producers in a recent congress in Butuan City.
Alcala said under the High Value Crops
Development Program, the Agriculture
Department was aiming to increase
sufciency level in vegetables, from 65
percent to 100 percent within the medium
term or up to 2016.
Industry data showed the country had per
capita vegetable consumption of 40 kilograms,
equivalent to an annual requirement of 3.8
million metric tons of vegetables for roughly
95 million Filipinos.
The World Health Organization, however,
said this consumption level was just a fourth
of the recommended dietary requirement of
146 kg per year.
Alcala urged vegetable producers to forge
marketing agreements with institutional
buyers and consumers and plan their
respective production and harvest schedules
for each commodity to boost national
consumption of vegetables.
He said this would enable producers to
obtain reasonable prot and more importantly
avoid oversupply and sudden drop in prices.
Alcala said the government and vegetable
producers had agreed to meet regularly to
match and directly link farmers groups with
wholesale market traders and institutional
buyers to provide producers and sellers
comfortable prot, and consumers with
regular supply of reasonably-priced, safe and
quality vegetables.
He said the department was also identifying
other alternative or expansion areas that
were less vulnerable to ooding and drought
to produce vegetables year-round or during
off-season in traditional farming areas such
as Benguet, Nueva Ecija and Bulacan.
By Alena Mae S. Flores
THE Energy Regulatory
Commission has nally
approved the long-awaited
feed-in tariff, paving the way
for over P100 billion worth
of investments in wind, solar,
hydroelectric, biomass and other
renewable energy sources.
Renewable energy proponents welcomed the approval
of the FIT rates, or the contracted electricity rates with
producers of renewable energy, but noted they were
lower than those proposed by the National Renewable
Energy Board last year. Investors wanted higher rates
for energy supply contracts to recoup their investments
and cover their costs and technology expenses.
The ERCs lowered FITs will denitely cushion
the impact of implementing the FIT incentive
mechanism under the Renewable Energy Act on the
electricity rates, while still being sufcient enough to
attract new investments in renewable energy. This
is win-win for all, ERC executive director Francis
Saturnino Juan said.
The newly-approved FIT rates are P5.90 per
kilowatthour for run-of-river hydroelectric power,
P6.63 per kWh for biomass, P8.53 per kwh for wind
and P9.68 per kWh for solar.
These rates are lower than the National Renewable
Energy Boards May 2011 proposal of P6.15 per kWh
for run-of-river projects, P7 per kWh for biomass,
P10.37 per kWh for wind and P17.95 per kWh for
solar.
The ERC deferred xing the FIT rates for ocean
thermal energy conversion resource pending further
study and data gathering.
We express our appreciation for the ERC in
keeping with mandate of the Electric Power Industry
Reform Act by deliberating and issuing the FIT rates
at the soonest possible time, said Energy Secretary
Jose Rene Almendras.
We are fully aware of the tedious task and the
challenges of the commission in ensuring a balanced
view to be able to serve the needs of all stakeholders
regarding the said rates. We are thankful for their
effort and we hope that all other stakeholders
continue to cooperate with everyone to be able to
establish a competitive and dynamic power market
that is envisioned to benet all, Almendras said.
Renewable energy developers welcomed the
decision of the ERC, but said they would review
the approved rates and compare them with their
proposals.
Basically we are very thankful to the ERC for
nally releasing the FIT. This is basically a rate
signicant lower than what the industry applied for,
Philippine Solar Power Alliance founder Tetchie
Capellan said.
She said the alliance would watch over the next
12 months if the approved FIT rates for solar energy
were enough to attract investments.
By Anna Leah G. Estrada
THE Monetary Board reduced
the rediscount rate to banks all
loan maturities to 3.75 percent
from 4 percent effective July 30.
The Bangko Sentral said the
board lowered the rate during
its policy meeting Thursday.
The board last adjusted the rate
to 4 percent in March 1 this
year.
The Monetary Board on
Thursday trimmed the policy
rate it pays for overnight
deposits to 3.75 percent from 4
percent and overnight lending
to 5.57 percent from 6 percent,
as easing ination gives the
central bank scope to spur
growth.
Euben Paracuelles, a
Singapore-based economist
at Nomura Holdings Inc.,
said his company had
expected the rate cut but was
surprised at the reasons for
the decision.
First, BSP said that ination
is likely to remain within the
low end of the 3-5 percent
target. This is not a change
from its previous assessment,
and while oil prices are below
the levels when it last cut in
early March, they have started
to creep up once again, said
Paracuelles.
Because of this backdrop,
our thinking was that it was
more prudent for BSP to save
space to be able to cut rates
given the unusually high level
of uncertainty in the external
outlook, Paracuelles said.
He said the central bank
decision would likely raise
expectations that more rate
cuts were ahead.
By Bernadette Lunas
THE government saved P5.8
billion in debt interest payments in
the rst six months, as a result of
lower Treasury bill rates this year.
Finance Secretary Cesar
Purisima said the savings came
from the lower average rate
of the 364-day Treasury bill,
compared with the governments
target for the six-month period.
It was down from [our]
program. Our assumption is 3.5
percent for 364-day rate, but it
averaged 2.6 percent during the
months of January to June,
Purisima said.
The government set a cap of
P155.9 billion for debt interest
payments in the rst half, but the
actual amount amounted to only
P150 billion.
Data showed the government
also realized savings of P14
million with respect to foreign
debt payments.
Budget Secretary Florencio
Abad said the high savings from
interest payments was among the
factors behind the lower-than-
expected government expenditures
in the January-June period.
Handicraft body pushed
THE Philippine Chamber of Handicraft
Industries urged the government to revive the
defunct National Cottage Industry Development
Authority to oversee the development of
handicraft in the country.
PCHI president Dennis Orlina said the
charter of Nacida would expire this year, unless
it was revived by the Aquino administration.
The administration of the late President
Corazon Aquino ordered the dismantling of the
state corporation, leaving industry players on
their own since then.
President Benigno Aquino, if he is really
serious at creating jobs in the provinces
and solve rural poverty, can pin his hope on
revitalizing the orphaned handicraft industry in
the countryside, Orlina said.
The whole world is now refocusing
attention to small, handicraft industries to
solve rural poverty. We must not be left out
again, he added.
Orlina said on its own, PCHI had embarked
on a program to assure sustained and reliable
sources of local raw materials for its members.
It now has two pilot plantations in the country,
abaca in Alabat, Quezon, and bamboo in the
island province of Romblon. Julito G. Rada
Tanduay plans exports
TANDUAY Holdings Inc. said it is now ready
to export rum products by the rst quarter of
2013.
Tanduay Holdings managing director Wilson
Young said in an interview following the special
stockholders meeting the company planned to
initially distribute the rum products in the west
coast of the United States.
Young said the products would be manufactured
in the Philippines and exported to United States
as nished products. Tanduays rum products
would compete with leading rum brand Bacardi.
The company earlier hired two well-known
personalities, namely Michael Booth and Tony
Allen, to help the company nalize the new
product that will be sold overseas.
Booth is an independent consultant based
in Canada who is working mainly on rum and
tequila in America and Caribbean while Allen
is an expert in product development.
Tanduay rum is the second leading rum
maker in the world in terms of volume, with
18.4 million cases sold in 2010 compared to
18.9 million of Bacardi. Jenniffer B. Austria
PH saves
P5.8b in
interest
payments
Alsons finalizing P9-b power loan
Asian stocks up
on euro support
Business
ManilaStandardToday
extrastory2000@gmail.com
B2
52 Weeks Previous % Net Foreign
High Low STOCKS Close High Low Close Change Volume Trade/Buying
MST BUSINESS DAILY STOCKS REVIEW
FRIDAY, JULY 27, 2012
M
S
T
FINANCIAL
70.50 46.00 Banco de Oro Unibank Inc. 61.15 62.60 61.55 61.85 1.14 3,719,020 (67,142,835.00)
76.80 50.00 Bank of PI 71.70 72.45 71.75 72.10 0.56 1,185,190 (25,386,604.50)
1.82 0.68 Bankard, Inc. 0.72 0.70 0.70 0.70 (2.78) 2,000
595.00 370.00 China Bank 477.00 480.00 477.00 480.00 0.63 4,820
1.95 1.42 BDO Leasing & Fin. Inc. 1.86 1.87 1.86 1.87 0.54 4,000
23.90 12.98 COL Financial 22.90 22.90 22.40 22.40 (2.18) 41,900 (835,210.00)
20.70 18.50 Eastwest Bank 18.72 18.78 18.70 18.70 (0.11) 122,300 (1,496,456.00)
89.00 50.00 First Metro Inv. 71.15 75.20 72.00 72.00 1.19 220
39.20 3.00 Maybank ATR KE 37.00 36.95 36.95 36.95 (0.14) 400 14,780.00
98.00 60.00 Metrobank 94.90 96.30 94.85 94.95 0.05 1,794,460 (21,809,560.50)
126.00 45.00 Phil Bank of Comm 66.00 66.20 65.15 66.20 0.30 980 6,620.00
77.80 41.00 Phil. National Bank 73.00 73.90 72.95 73.90 1.23 238,990
95.00 63.50 Phil. Savings Bank 85.00 85.00 85.00 85.00 0.00 1,000
500.00 204.80 PSE Inc. 356.00 359.80 359.80 359.80 1.07 120
45.50 25.45 RCBC À 44.35 44.05 44.00 44.05 (0.68) 94,600.00
155.20 77.00 Security Bank 136.70 139.00 136.00 136.00 (0.51) 689,130 (79,163,960.00)
1240.00 890.00 Sun Life Financial 880.00 910.00 905.00 905.00 2.84 150
140.00 58.00 Union Bank 99.00 101.50 99.10 101.00 2.02 53,150
2.06 1.43 Vantage Equities 1.75 1.74 1.74 1.74 (0.57) 1,500,000
INDUSTRIAL
35.50 26.50 Aboitiz Power Corp. 34.00 34.70 34.05 34.70 2.06 2,352,900 58,072,140.00
13.58 8.00 Agrinurture Inc. 8.60 8.60 8.52 8.60 0.00 43,300
23.90 11.98 Alaska Milk Corp. 17.62 17.72 17.70 17.72 0.57 300
1.70 0.97 Alliance Tuna Intl Inc. 1.41 1.47 1.39 1.46 3.55 1,329,000 (8,820.00)
48.00 25.00 Alphaland Corp. 29.40 29.40 29.40 29.40 0.00 1,000 (29,400.00)
1.65 1.08 Alsons Cons. 1.40 1.39 1.37 1.37 (2.14) 2,360,000
Asiabest Group 27.50 28.20 26.00 27.00 (1.82) 95,500 (68,250.00)
26.55 12.50 C. Azuc De Tarlac 15.50 16.50 16.50 16.50 6.45 300
144.00 36.00 Conc. Aggr. À 80.00 89.95 88.00 88.00 10.00 70
3.07 2.30 Chemrez Technologies Inc. 2.52 2.53 2.50 2.53 0.40 156,000
9.70 7.41 Cirtek Holdings (Chips) 9.60 9.74 9.50 9.60 0.00 77,800
7.00 4.83 Energy Devt. Corp. (EDC) 5.96 6.04 6.00 6.03 1.17 9,929,600 (3,035,473.00)
6.75 2.80 EEI 6.69 6.85 6.65 6.65 (0.60) 13,260,800
3.80 1.00 Euro-Med Lab. 1.75 1.71 1.68 1.68 (4.00) 43,000
18.00 12.50 First Gen Corp. 18.82 18.94 18.80 18.90 0.43 7,961,400 (19,891,310.00)
78.55 51.50 First Holdings A 78.70 79.00 78.10 78.25 (0.57) 426,800 3,781,152.00
30.90 22.50 Ginebra San Miguel Inc. 20.00 20.00 19.98 19.98 (0.10) 10,900
0.02 0.0099 Greenergy 0.0140 0.0150 0.0140 0.0140 0.00 31,000,000
12.36 7.80 Holcim Philippines Inc. 11.40 11.60 11.60 11.60 1.75 5,500 (19,720.00)
7.40 3.80 Integ. Micro-Electronics 4.35 4.34 4.34 4.34 (0.23) 20,000
2.35 0.74 Ionics Inc 0.620 0.630 0.620 0.630 1.61 44,000
120.00 80.00 Jollibee Foods Corp. 101.70 104.60 101.10 104.60 2.85 361,640 (11,200,952.00)
Lafarge Rep 8.80 8.85 8.79 8.85 0.57 276,000
91.25 25.00 Liberty Flour 40.00 40.00 39.00 39.00 (2.50) 4,600
8.40 1.04 LMG Chemicals 2.03 2.07 2.00 2.00 (1.48) 1,132,000
3.20 1.05 Manchester Intl. A 2.70 2.70 2.70 2.70 0.00 5,000
26.00 18.10 Manila Water Co. Inc. 26.00 26.40 25.80 26.30 1.15 521,400 9,074,975.00
15.30 8.12 Megawide 16.10 16.16 16.14 16.16 0.37 8,600 96,960.00
295.00 215.00 Mla. Elect. Co À 260.40 269.00 261.00 268.00 2.92 337,330 28,298,196.00
12.20 7.50 Pancake House Inc. 11.00 11.00 11.00 11.00 0.00 1,000
3.00 1.96 Pepsi-Cola Products Phil. 2.88 2.88 2.87 2.87 (0.35) 23,000 45,970.00
17.40 9.70 Petron Corporation 10.00 10.10 9.99 10.10 1.00 1,308,900 (1,334,864.00)
14.94 8.05 Phoenix Petroleum Phils. 8.80 8.85 8.75 8.85 0.57 5,100
3.78 1.01 RFM Corporation 3.29 3.41 3.31 3.34 1.52 656,000 507,360.00
3.90 2.01 Roxas Holdings 2.42 2.49 2.49 2.49 2.89 3,000
33.00 26.50 San Miguel Brewery Inc. 34.20 34.00 33.80 34.00 (0.58) 249,500
132.60 110.20 San Miguel Corp À 111.80 112.20 111.80 111.80 0.00 427,830 19,320,124.00
1.90 1.25 Seacem 1.92 1.91 1.89 1.90 (1.04) 4,363,000 (953,630.00)
2.44 1.80 Splash Corporation 1.82 1.81 1.81 1.81 (0.55) 1,000
0.250 0.112 Swift Foods, Inc. 0.138 0.141 0.137 0.141 2.17 170,000
5.30 3.30 Tanduay Holdings 5.00 5.11 4.88 4.96 (0.80) 4,334,300 (510,680.00)
1.41 0.90 Trans-Asia Oil 1.18 1.19 1.17 1.19 0.85 635,000
69.20 37.00 Universal Robina 58.65 58.75 58.45 58.45 (0.34) 2,910,110 6,699,827.50
5.50 1.05 Victorias Milling 1.17 1.26 1.18 1.20 2.56 5,168,000 (1,312,840.00)
1.12 0.310 Vitarich Corp. 0.600 0.620 0.620 0.620 3.33 1,000
18.00 2.55 Vivant Corp. 9.95 9.95 9.95 9.95 0.00 1,000
1.22 0.70 Vulcan Indl. 0.96 1.10 0.96 1.08 12.50 3,190,000
HOLDING FIRMS
1.18 0.65 Abacus Cons. À 0.91 0.95 0.90 0.93 2.20 60,741,000 (93,000.00)
59.90 35.50 Aboitiz Equity 47.50 48.70 47.65 48.45 2.00 2,073,700 83,468,325.00
0.019 0.014 Alcorn Gold Res. 0.0180 0.0170 0.0170 0.0170 (5.56) 32,500,000
13.70 8.00 Alliance Global Inc. 11.48 11.68 11.40 11.50 0.17 13,779,100 (33,266,802.00)
2.97 1.80 Anglo Holdings A 1.91 1.99 1.99 1.99 4.19 10,000
5.02 3.00 Anscor À 4.80 4.80 4.70 4.80 0.00 73,000 295,950.00
6.98 0.260 Asia Amalgamated A 4.92 5.05 4.92 5.00 1.63 16,000
3.15 1.49 ATN Holdings A 2.68 2.78 2.60 2.78 3.73 1,587,000
4.16 2.30 ATN Holdings B 3.00 3.12 2.80 3.10 3.33 914,000 61,330.00
485.20 272.00 Ayala Corp À 412.60 423.00 415.60 416.00 0.82 2,049,760 (423,739,496.00)
64.80 30.50 DMCI Holdings 57.00 57.30 56.95 57.00 0.00 2,168,030 (44,726,406.50)
5.20 3.30 Filinvest Dev. Corp. 4.24 4.24 4.19 4.24 0.00 282,000 721,690.00
520.00 455.40 GT Capital 525.00 534.00 528.00 531.00 1.14 26,620 5,106,935.00
5.22 2.94 House of Inv. 4.90 4.99 4.90 4.95 1.02 17,000
36.20 19.00 JG Summit Holdings 32.50 32.95 32.45 32.50 0.00 579,500 1,050,590.00
4.19 2.27 Jolliville Holdings 3.70 3.80 3.40 3.55 (4.05) 97,000
6.21 4.00 Lopez Holdings Corp. 5.85 5.87 5.82 5.82 (0.51) 1,798,700 (8,136,062.00)
1.54 0.61 Lodestar Invt. Holdg.Corp. 1.14 1.14 1.11 1.13 (0.88) 396,000 248,000.00
3.82 1.790 Marcventures Hldgs., Inc. 2.38 2.43 2.38 2.40 0.84 316,000
4.65 2.56 Metro Pacic Inv. Corp. 4.08 4.10 4.06 4.06 (0.49) 17,034,000 (50,709,910.00)
6.24 2.55 Minerales Industrias Corp. 5.33 5.35 5.23 5.35 0.38 87,200
0.0770 0.045 Pacica À 0.0580 0.0570 0.0560 0.0560 (3.45) 3,750,000
2.20 1.20 Prime Media Hldg 1.590 1.670 1.430 1.460 (8.18) 231,000
0.82 0.44 Prime Orion 0.480 0.460 0.460 0.460 (4.17) 360,000
4.10 1.56 Republic Glass A 2.12 2.12 2.10 2.10 (0.94) 6,000 8,480.00
0.490 0.285 Sinophil Corp. 0.335 0.330 0.330 0.330 (1.49) 210,000
750.00 450.00 SM Investments Inc. 722.00 750.00 723.00 740.50 2.56 403,330 12,875,090.00
1.78 1.00 Solid Group Inc. 1.57 1.59 1.56 1.56 (0.64) 477,000
1.57 1.14 South China Res. Inc. 1.18 1.17 1.17 1.17 (0.85) 200,000
0.620 0.620 Wellex Industries 0.3200 0.3250 0.3100 0.3200 0.00 430,000
1.370 0.185 Zeus Holdings 0.445 0.450 0.445 0.450 1.12 430,000
P R O P E R T Y
48.00 18.00 Anchor Land Holdings Inc. 19.02 20.95 20.85 20.85 9.62 1,000 10,475.00
0.83 0.38 Araneta Prop À 0.590 0.600 0.570 0.570 (3.39) 15,000
0.218 0.150 Arthaland Corp. 0.178 0.180 0.170 0.170 (4.49) 1,000,000
22.85 13.36 Ayala Land `B 20.45 21.30 20.60 21.30 4.16 18,349,700 54,545,650.00
5.62 3.08 Belle Corp. À 4.99 5.04 5.00 5.02 0.60 1,456,000 100,200.00
9.00 2.26 Cebu Holdings 5.60 5.78 5.60 5.61 0.18 75,600
5.60 2.00 Cebu Prop. À 5.00 5.02 4.86 5.02 0.40 120,000
5.66 0.80 Century Property 1.50 1.53 1.46 1.46 (2.67) 2,825,000 (1,673,390.00)
0.127 0.060 Crown Equities Inc. 0.077 0.074 0.074 0.074 (3.90) 200,000
1.11 0.67 Cyber Bay Corp. 0.81 0.84 0.81 0.81 0.00 1,005,000
0.90 0.54 Empire East Land 0.890 0.91 0.88 0.88 1.12 13,819,000 (3,774,490)
0.310 0.10 Ever Gotesco 0.200 0.206 0.194 0.199 (0.50) 9,180,000 100,400.00
3.06 1.63 Global-Estate 2.03 2.03 1.96 2.03 0.00 2,817,000 382,080.00
1.44 0.98 Filinvest Land,Inc. 1.35 1.36 1.34 1.35 0.00 20,576,000 4,275,030.00
2.14 0.65 Interport À 1.26 1.27 1.14 1.24 (1.59) 389,000
4.50 1.50 Keppel Properties 2.50 2.60 2.50 2.60 4.00 13,000
2.33 1.51 Megaworld Corp. 2.19 2.25 2.22 2.24 2.28 45,931,000 48,185,290.00
0.42 0.168 MRC Allied Ind. 0.1610 0.1670 0.1610 0.1610 0.00 110,000
0.990 0.080 Phil. Estates Corp. 0.6600 0.6600 0.6500 0.6600 0.00 1,367,000
0.71 0.41 Phil. Realty À 0.440 0.440 0.440 0.440 0.00 20,000
3.50 2.08 Primex Corp. 3.60 3.80 3.63 3.79 5.28 75,000
18.86 10.00 Robinsons Land `B 19.68 19.80 19.22 19.50 (0.91) 3,495,200 (11,497,804.00)
7.71 2.51 Rockwell 3.13 3.13 3.11 3.12 (0.32) 73,000
2.70 1.80 Shang Properties Inc. 2.57 2.57 2.53 2.57 0.00 12,000
8.95 6.00 SM Development À 6.19 6.21 6.19 6.20 0.16 3,987,900 (21,503,989.00)
18.20 10.94 SM Prime Holdings 13.08 13.40 13.18 13.36 2.14 7,489,000 25,729,708.00
1.03 0.64 Sta. Lucia Land Inc. 0.70 0.72 0.71 0.71 1.43 746,000
4.55 1.80 Starmalls 4.10 4.15 4.00 4.10 0.00 56,000
4.50 2.60 Vista Land & Lifescapes 4.300 4.250 4.180 4.250 (1.16) 51,366,000 (1,545,520.00)
S E R V I C E S
42.00 28.60 ABS-CBN 33.50 36.40 33.25 33.25 (0.75) 9,300
18.98 1.60 Acesite Hotel 1.50 1.50 1.46 1.50 0.00 190,000 (2,960.00)
10.92 7.30 Asian Terminals Inc. 9.00 8.91 8.90 8.90 (1.11) 50,000 (445,010.00)
102.80 4.12 Bloomberry 9.99 10.06 9.97 9.99 0.00 3,677,300 (3,898,726.00)
0.5300 10.2000 Boulevard Holdings 0.1240 0.1280 0.1220 0.1220 (1.61) 9,650,000
24.00 6.66 Calata Corp. 8.40 8.45 8.30 8.42 0.24 207,800
86.90 62.00 Cebu Air Inc. (5J) 68.80 69.45 68.75 69.00 0.29 366,210 (2,677,131.50)
9.70 5.40 DFNN Inc. 5.87 5.90 5.90 5.90 0.51 7,500
1750.00 800.00 FEUI 1000.00 970.00 970.00 970.00 (3.00) 820
1270.00 831.00 Globe Telecom 1190.00 1233.00 1179.00 1179.00 (0.92) 56,000 2,610,185.00
11.00 6.18 GMA Network Inc. 10.20 10.30 10.18 10.20 0.00 195,200
77.00 43.40 I.C.T.S.I. 70.00 72.00 70.30 72.00 2.86 237,540 3,788,533.50
4.70 2.00 IP Converge 2.35 2.40 2.30 2.38 1.28 116,000
34.50 0.036 IP E-Game Ventures Inc. 0.040 0.042 0.040 0.042 5.00 147,400,000 1,000.00
3.87 1.00 IPVG Corp. 1.04 1.07 1.04 1.04 0.00 898,000
0.0760 0.042 Island Info 0.0500 0.0510 0.0470 0.0510 2.00 4,070,000
5.1900 2.550 ISM Communications 2.8600 2.9000 2.8300 2.9000 1.40 46,000 (57,400.00)
11.12 5.90 Leisure & Resorts 8.48 8.50 8.36 8.49 0.12 1,082,800
3.85 2.60 Liberty Telecom 2.79 2.78 2.70 2.78 (0.36) 63,000
3.15 1.10 Manila Jockey 2.30 2.38 2.30 2.38 3.48 1,498,000 (952,000.00)
22.95 14.20 Pacic Online Sys. Corp. 13.90 14.00 13.98 14.00 0.72 9,500 1,400.00
8.58 4.60 PAL Holdings Inc. 7.28 7.30 7.28 7.30 0.27 61,500 (75,920.00)
3.32 1.05 Paxys Inc. 3.01 3.01 3.00 3.01 0.00 199,000
10.00 5.00 Phil. Racing Club 9.50 9.50 9.50 9.50 0.00 1,005,000 (9,500,000.00)
60.00 18.00 Phil. Seven Corp. 58.00 60.00 60.00 60.00 3.45 2,500 66,000.00
17.88 12.10 Philweb.Com Inc. 14.80 15.04 14.76 15.04 1.62 2,509,300 (24,850,354.00)
2886.00 2096.00 PLDT Common 2674.00 2712.00 2682.00 2698.00 0.90 136,110 (145,411,080.00)
0.48 0.25 PremiereHorizon 0.325 0.330 0.320 0.320 (1.54) 3,000,000
30.10 10.68 Puregold 26.25 26.65 26.20 26.45 0.76 4,898,700 (52,662,360.00)
3.30 2.40 Transpacic Broadcast 2.74 2.75 2.57 2.75 0.36 29,000
0.79 0.27 Waterfront Phils. 0.435 0.435 0.435 0.435 0.00 100,000
MINING & OIL
0.0083 0.0038 Abra Mining 0.0041 0.0041 0.0041 0.0041 0.00 31,000,000
6.20 3.01 Apex À 5.26 5.15 5.15 5.15 (2.09) 10,000
6.22 3.00 Apex `B 5.20 5.20 5.20 5.20 0.00 20,000
25.20 14.50 Atlas Cons. À 17.34 17.40 17.36 17.38 0.23 124,500
0.380 0.148 Basic Energy Corp. 0.255 0.255 0.255 0.255 0.00 50,000
30.35 19.98 Benguet Corp À 24.95 23.15 23.15 23.15 (7.21) 100
2.51 1.62 Century Peak Metals Hldgs 1.28 1.29 1.27 1.27 (0.78) 362,000
61.80 5.68 Dizon 31.05 31.60 31.00 31.30 0.81 76,500
1.21 0.50 Geograce Res. Phil. Inc. 0.59 0.61 0.59 0.60 1.69 4,526,000
1.82 0.9000 Lepanto À 1.240 1.270 1.230 1.240 0.00 10,793,000
2.070 1.0200 Lepanto `B 1.320 1.340 1.320 1.330 0.76 2,080,000 (33,000.00)
0.085 0.042 Manila Mining À 0.0660 0.0670 0.0660 0.0660 0.00 80,390,000
0.087 0.042 Manila Mining `B 0.0690 0.0690 0.0680 0.0680 (1.45) 18,600,000 (68,000.00)
36.50 15.04 Nickelasia 28.20 28.50 28.20 28.30 0.35 846,000
12.84 2.13 Nihao Mineral Resources 9.86 9.96 9.79 9.86 0.00 372,300 402,790.00
8.40 2.99 Oriental Peninsula Res. 5.020 5.080 4.990 5.010 (0.20) 585,600 60,402.00
0.032 0.012 Oriental Pet. À 0.0180 0.0180 0.0170 0.0180 0.00 3,400,000
0.033 0.014 Oriental Pet. `B 0.0180 0.0190 0.0190 0.0190 5.56 2,600,000
7.05 5.10 Petroenergy Res. Corp. 5.95 5.95 5.91 5.95 0.00 40,100
28.95 18.50 Philex À 21.50 22.50 21.55 22.15 3.02 4,550,800 1,282,675.00
48.00 3.00 PhilexPetroleum 38.20 39.50 38.15 38.35 0.39 450,800 5,144,520.00
0.062 0.017 Philodrill Corp. À 0.051 0.052 0.051 0.051 0.00 352,070,000 102,000.00
257.80 161.10 Semirara Corp. 227.80 231.00 227.00 227.00 (0.35) 94,230 (9,401,136.00)
0.029 0.014 United Paragon 0.0170 0.0170 0.0170 0.0170 0.00 62,700,000
PREFERRED
47.90 27.30 ABS-CBN Holdings Corp. 31.95 31.50 31.00 31.00 (2.97) 119,700 (3,725,950.00)
First Gen G 102.50 102.50 102.50 102.50 0.00 19,500 (102,500.00)
11.02 6.00 GMA Holdings Inc. 10.20 10.20 10.12 10.20 0.00 40,000 50,900.00
116.70 107.00 PCOR-Preferred 110.60 110.60 110.60 110.60 0.00 10,990 729,960.00
80.00 74.50 SMC Preferred 1 75.45 75.50 75.00 75.00 (0.60) 4,100
1050.00 1000.00 SMPFC Preferred 1020.00 1023.00 1023.00 1023.00 0.29 4,985
6.00 0.87 Swift Pref 1.14 1.14 1.10 1.14 0.00 68,000
WARRANTS & BONDS
1.31 0.62 Megaworld Corp. Warrants 1.20 1.23 1.23 1.23 2.50 87,000 36,900.00
1.38 0.67 Megaworld Corp. Warrants2 1.20 1.20 1.20 1.20 0.00 20,000
TRADI NG SUMMARY
SHARES VALUE
FINANCIAL 9,453,132 616,175,426.4
INDUSTRIAL 95,330,604 861,030,808.762
HOLDING FIRMS 143,320,572 1,830,517,858.988
PROPERTY 1,407,597,629 3,768,892,826.27
SERVICES 181,948,374 723,784,368.9
MINING & OIL 575,754,052 220,207,043.481
GRAND TOTAL 2,413,404,363 8,020,608,332.7988
FINANCIAL 1,285.51 (up) 5.81
INDUSTRIAL 7,888.54 (up) 86.08
HOLDING FIRMS 4,376.71 (up) 52.81
PROPERTY 1,953.15 (up) 41.71
SERVICES 1,780.29 (up) 16.81
MINING & OIL 23,315.76 (up) 153.07
PSEI 5,219.55 (up) 66.99
All Shares Index 3,463.3 (up) 20.08
Gainers: 87; Losers: 59; Unchanged: 44; Total: 190
STOCKS Close
(P)
Change
(%)
Vulcan Ind'l. 1.08 12.50
Conc. Aggr. À' 88.00 10.00
Anchor Land Holdings Inc. 20.85 9.62
C. Azuc De Tarlac 16.50 6.45
Oriental Pet. `B' 0.0190 5.56
Primex Corp. 3.79 5.28
IP E-Game Ventures Inc. 0.042 5.00
Anglo Holdings A 1.99 4.19
Ayala Land `B' 21.30 4.16
Keppel Properties 2.60 4.00
STOCKS Close
(P)
Change
(%)
Prime Media Hldg 1.460 (8.18)
Benguet Corp À' 23.15 (7.21)
Alcorn Gold Res. 0.0170 (5.56)
Arthaland Corp. 0.170 (4.49)
Prime Orion 0.460 (4.17)
Jolliville Holdings 3.55 (4.05)
Euro-Med Lab. 1.68 (4.00)
Crown Equities Inc. 0.074 (3.90)
Pacica À' 0.0560 (3.45)
Araneta Prop À' 0.570 (3.39)
TOP GAI NERS TOP LOSERS
Cebu Pacific reduces fares again
CEBU Pacic, the biggest budget
carrier, has reduced fares to some
of the Philippines top tourist
destinations, including Boracay,
Coron, Puerto Princesa, Bohol,
Davao and Siargao.
The airline said in a statement
the P988 all-in fares are available
from July 26 to 29, 2012 or until
seats last, for travel from Sept. 24
to Dec. 18, 2012.
The fares are available from
Manila to Boracay (Caticlan),
Butuan, Cagayan de Oro, Coron
(Busuanga), Cotabato, Davao,
Dipolog, Dumaguete, General
Santos, Ozamiz, Pagadian,
Puerto Princesa, Tagbilaran or
Zamboanga.
Also up for grabs are P988 all-
in fares from Cebu to Boracay
(Caticlan), Clark, Puerto Princesa
or Siargao.
All-in domestic fares are
inclusive of fuel surcharge,
administration fee, aviation
security fee, 12-percent value-
added tax and seven kilos of
hand-carry baggage allowance,
but exclusive of check-in
baggage.
Cebu Pacic will continue
to spur travel to some of
the Philippines top tourist
destinations through its trademark
lowest fares. Boracay was named
as Travel + Leisure Magazines
2012 Worlds Best Island, while
Puerto Princesa is home to one
of the New 7 Wonders of Nature.
CEBs lowest fares to these
destinations will denitely make it
accessible to more travelers, said
CEB vice president for marketing
and distribution Candice Iyog.
CEB also puts seats to China,
Hong Kong, Macau and Taipei on
sale as low as P1,488 to continue
promoting travel to North Asia.
Hong Kong is also now within
reach of passengers from Kalibo,
as well as Iloilo, with new direct
ights starting November, she
added.
For travel from September 1 to
December 18, 2012, CEB offers
P1,488 all-in fares from Manila
to Xiamen, from Clark to Hong
Kong or Macau. P1,488 all-in
seats are also available from
Iloilo to Hong Kong, for travel
from November 8 to December
18, 2012.
P1,988 all-in seats are also
available from Manila to
Guangzhou, Hong Kong, Macau
or Taipei, and from Cebu or Kalibo
to Hong Kong. Those planning to
visit the Great Wall of China or
the shopping districts in Shanghai
can buy P2,488 all-in seats.
All-in international fares are
inclusive of fuel surcharge,
administration fee and 7 kilos
hand carry baggage allowance,
but exclusive of country-specic
taxes and check-in baggage
allowance.
Pepsi-CafFrance partnership. Pepsi-Colas sales and marketing blitz gained more ground
as CafFrance Corp. agrees to carry the soft drinks giants growing list of products in its 60 outlets in
Metro Manila and other major cities nationwide. Pepsi-Cola Products Philippines Inc. president Partho
Chakrabarti (fourth from left) shakes hands with CFC president Ma. Lourdes Molina during the signing
rite at the Congo Grille on Jupiter St., Makati City. With them (from left) are CFC business unit head Wilma
Leagogo, CFC assistant treasurer Ray Singson, PCPPI executive vice president for sales and marketing Jaybo
Sison and PCPPI assistant vice president-general manager Jun Yu.
BANGKOKAsian stocks charged
higher Friday after the European Central
Bank chief vowed to save the euro
currency union from the continents debt
crisis and Samsung Electronics reported
another record quarterly prot.
Markets have been rattled this
week by fears that Spain, the
fourth-largest economy among
the 17 that use the euro, could
need a bailout along the lines
of Greece, Ireland and Portugal
because its borrowing rates are
high. That would strain Europes
nances and potentially cause
the breakup of the euro.
But sentiment turned brighter
after the ECBs chief Mario
Draghi pledged that would not
happen, asserting Thursday
that the ECB is ready to do
whatever it takes to preserve the
euro. That could involve buying
government bonds to lower the
borrowing rates of nancially
stumbling countries such as
Spain and Italy. European stocks
surged. Frances CAC 40 jumped
4.1 percent and Spains IBEX 35
vaulted 6.1 percent.
IG Markets strategist Stan
Shamu said hopes for ECB action
will remain elevated ahead of its
scheduled Aug. 2 meeting.
With renewed hopes that the
ECB will take further action
to address the crisis, regional
markets are facing the prospect of
a positive nish to the week, he
said in an e-mailed commentary.
Asian markets also got a boost
after Samsung reported another
record-high quarterly prot as
customers ocked to Galaxy
smartphones, helping it outdo
rivals even at a challenging time
for the global tech industry.
Samsung Electronics rose 3.2
percent in Seoul.
Japans Nikkei 225 stock
average was up 1.1 percent
at 8,534.81 and Hong Kongs
Hang Seng added 1.8 percent to
19,234.36. Australias S&P/ASX
200 rose 1.2 percent to 4,196.30.
South Koreas Kospi climbed
2.3 percent to 1,823.01 while the
Shanghai Composite shed 0.2
percent to 2,122.61.
Wall Street was also boosted
by Draghis comments despite
disappointing earnings.
The Dow Jones industrial
average on Thursday jumped
212 points, or 1.7 percent, to
12,888. The broader the Standard
& Poors 500 index rose for the
rst time in ve days. It was up
22.13 points, or 1.7 percent, to
1,360.02. The Nasdaq composite
index rose 39.01 points, or 1.4
percent, to 2,893.25.
In energy markets, benchmark
crude was up 31 cents at $89.70
in electronic trading on the New
York Mercantile Exchange. The
contract crude rose 42 cents to
nish at $89.39 in New York on
Thursday.
The euro was up 0.1 percent
at $1.2290. The dollar fell 0.1
percent to 78.23 yen. AP
Manila Standard TODAYEdited by Leo A. Estonilo www.manilastandardtoday.com mst@manilastandardtoday.com
Yuchengcos donate Rizal books
Heading heading heading headin
Publishers honor
top lawmakers
B3
Provinces
Mobile microinsurance
within peoples reach
Highways travel update
By Boy Villasanta
BIAN CITYNational Artist for
Literature Virgilio Almario reected on
Dr. Jose Rizals love and sacrice for the
motherland during the turnover of copies
of Noli Me Tangere from the Yuchengco
Group of Companies to students last
Tuesday.
Pag-ibig sa bayan ang
dapat maging katangian ng
isang edukado (Love of country
should be the foremost trait of
an educated person), he told
the juniors at the Bian National
High School.
In his keynote address before
a teenage audience, Rio Alma,
Almarios pen name, retraced
the tracks of Crisostomo Ibarra,
who returns home to San Diego
after studying in Europe, aiming
to apply what he learned for the
good of his townsfolk.
In the novel, Pilosopo Tasyo
is Ibarras adviser while Elias is
his guiding force (anghel de la
guwardiya), he said in Filipino.
Almario translated Rizals
masterpiece to enable the young
to imbibe the ideals that the
national hero championed,
particularly on social justice and
freedom.
Amid chuckles of male and
female students, he said the fate
of a battered wife and mother in
the novel could still hold today.
Kung hindi kayo mamimili
nang tama, baka maging si Sisa
kayo at ang mapangasawa ninyo
ay manginginom at masama
ang ugali (If you do not choose
wisely, you might become Sisa
and get to marry a drunkard with
ill manners), he said.
Almario, a Tagalog poet,
described Elias as the epitome of
selessness who offered his life
to liberate San Diego.
It was Elias ultimate sacrice.
He also asked his girl Salome to
leave him to pursue a higher ideal.
He would die for his beliefs. How
many of us could do that?
President Romel Aguinaldo,
of Rizal Commercial Banking
Corp., presented the books
to school Principal Maura
Umaclang joined by City Mayor
Marlyn Alonte.
By Roman S. Baldovino
PANGASINAN Rep. Gina De
Vencia of the fourth district and
10 other colleagues were cited
as most outstanding lawmakers
by the Publishers Association of
the Philippines Inc. at its recent
midyear media conference.
Joining her in the honor
roll are Representatives Ted-
dy Casio (Bayan Muna par-
tylist), Rodolfo Farias (1st
District, Ilocos Norte), Roilo
Golez (2nd District, Paranaque
City), Edcel Lagman (1st Dis-
trict, Albay), Herminio Man-
danas (2nd District, Batangas),
Emil Ong (2nd District, North-
ern Samar), Angelo Palmones
(AGHAM partylist), Rufus
Rodriguez (2nd District, Ca-
gayan de Oro City), Erin Ta-
ada III (4th District, Quezon),
and Rod Valencia (1st District,
Oriental Mindoro).
House Speaker Feliciano
Belmonte, who was the guest
speaker, commended the pub-
lishers for the lineup.
This is a good list, because
if youd ask me, I would also
choose them as the top lawmak-
ers, he said.
Mrs. De Venecia presides over
the Association of Women Leg-
islators Foundation, Inc. with
65 members, including former
President Gloria Macapagal
Arroyo and former First Lady
Imelda Romualdez Marcos.
Juan Dayang, PAPI president,
said there was a tie for the 10th
slot and the awards committee
after deliberation opted to rec-
ognize 11 achievers.
He said the selection also
aimed to educate the electorate
on making the right choice when
they elect their representatives
in Congress.
The publishers also conferred
the Illustrious Leadership Award
to House Speaker Belmonte for
pr4oviding the chamber with
able guidance, along with Rep.
Manny Pacquiao of the Lone
District of Saranggani for the
honors he has won for the coun-
try in the world stage.
BENEFICIAL Life has been cleared by the Insurance Commis-
sion and the Department of Finance to offer mobile microinsur-
ance policies to ordinary folk on a premium for as low as P3 per
month.
Finance Secretary Cesar Purisima said the technological leap
would enable the country to improve its standing among ASEAN
members in mass-based insurance.
InsureTxt offers coverage of up to P50,000 for as low as P3
per month for death due to natural calamities and is available to
all SMART and Talk N Text subscribers. All transactions, from
registration to payment and renewal, are done through text mes-
saging.
InsureTxt was presented at the 6th Asia Microinsurance Confer-
ence by BenLife led by chairman Enrique Fernandez and SMART
ofcials to extend protection to those living below the poverty
line.
Mobile phones represent the easiest, most cost-efcient way to
offer insurance to Filipinos, BenLife chairman Enrique Fernan-
dez said. Through our partnership with SMART, we now are able
to reach out to the over 50 million Filipinos on their network.
He said BenLife has complied with the commissions directive
for insurance companies to increase capitalization to P1 billion by
2020 or eight years ahead of schedule.
THE Department of Public Works and Highways through its Bureau of
Maintenance announced at noon on Friday that heavy rain has rendered
certain road sections not passable in the Cordillera Administrative
Region.
Mt. Province District Engineering Ofce
Jct. Talubin-Barlig-Natonin-Paracelis Road KO 424+150, Lunas-
Paracelis Section closed to trafc due to landslides
Benguet 1st DEO
Shilan-Beckel Road KO263+010, Barangay Shilan, La Trinidad
closed due to landslides
Benguet 2nd DEO
Kabayan-Buguias-Abatan Road KO355+100, Alapang Section
and KO355+550, Malaw-es Section closed due to landslides
The DPWH district ofces have elded emergency crew and
equipment to do clearing and repair with warning signs installed at
work sites to guide motorists.
Palawan has 3 districts now
PRESIDENT Benigno Aquino
III has signed into law a measure
creating a third legislative district
for Palawan province.
Under Republic Act, the district
is composed of Puerto Princesa
City and Aborlan town.
Puerto Princesa was proclaimed
as a highly urbanized city in June
2007 while Aborlan used to be in
the second district.
They have a combined
population of 254,883 based on
the 2010 census.
The rst district remains
unchanged with the towns of
Agutaya, Araceli, Busuanga,
Cagayancillo, Coron, Cuyo,
Culion, Dumaran, El Nido,
Linapacan, Magsaysay, Roxas, San
Vicente, Taytay and Kalayaan.
The second district is now
composed of Balabac, Batarasa,
Brookes Point, Narra, Quezon,
Rizal and Sofronio Espaola
Joyce Pangco Paares
The Second Metro Manila SUB-Engineering District, through its
Bids and Awards Committee (BAC), invites contractors to bid for the
following contracts.
1. Contract ID: 12OI0089
Contract name: Repair/improvement & Rehabilitation
of Road along MSR Quirino including
Drainage with exception
Contract Location: Las Pias City
Brief Description: Asphal t Over l ay/ Appl i cat i on of
Thermoplastic pavement marking,
installation of 24"RCPC, construction
of RCMH, concrete curb & gutter
sidewalk & Installation pavement
Approved Budget for the Contract (ABC): P 14,838,617.40
Contract Duration: 90 CD
Bids Documents Cost: P10,000.00
Contract name: Repair. Rehabilitation/ Improvement
of MSR (from Sm Muntinlupa towards
Pepsi Cola Plant) Brgy. Tunasan
Contract Location: Muntinlupa City
Brief Description: Improvement of Drai nage System
(installation of 24"RCCP, RC manhole
for 24"RCCP. RC Line Canal w/ steel
grating, construction of concrete curb
& gutter, sidewalk, construction of RC
Canal wall & fooring
Contract name: Installation/ Application/ Construction
of Road Safety Devices along MSR
Muntinlupa (from Alabang Viaduct to
Laguna Boundary)
Contract Location: Muntinlupa City
Brief Description: Application of Thermoplastic pavement
marking, regulatory ramp, replacement
of dilapidated sidewalk, curb & gutter
Procurement will be conducted through open competitive bidding
procedures in accordance with RA 9184 and its Revised Implementing
Rules and Regulations.
The bid for this contract, a contractor must submit a Letter of Intent
(LOI) and must meet the following major criteria: (a) prior registration with
DPWH, (b) Filipino citizen or 75% Filipino-owned partnership/corporation,
cooperative, or joint venture with PCAB license applicable to the type and
cost of this contract, (c) completion of a similar contract costing at least
50% of ABC within a period of 10 years, and (d) Net Financial Contracting
Capacity atleast equal to ABC or credit line commitment at least equal to
10% of ABC. The BAC will use non-discretionary pass/fail criteria in the
eligibility check and preliminary examination of bids.
Unregistered contractors, however, shall submit their LOI's applications
for registration to the DPWH-POCW Central Offce before the deadline
for the receipt of LO. The DPWH-POCW Central Offce will only process
contractors application for registration with complete requirements and
issue the Contractors' Certifcate of Registration (CRC). Registration Forms
may be downloaded at the DPWH website (www.dpwh.gov.ph.)
The signifcant time and deadlines of procurement activities are shown
below:
1. Receipt of Lois from Prospective Bidders Deadline: August 10, 2012 @ 12:00 noon
2. Issuance of Bidding Documents Date: July 27 to August 15, 2012
3. Pre-Bid Conference August 3 @ 10:00 a.m.
4. Receipt of Bids Deadline until: August 15, 2012 @ 12:00 noon
5. Opening of Bids August 15, 2012, 2:00 PM @ the
Conference room
The Bidding Documents will be sell only to those interested bidders
who log on to the Philgeps website The BAC will issue hard copies of
Bidding Documents (BD's) at Second Metro Manila SUB-Engineering
District 2nd Street, Port Area, Manila, upon payment of a non-refundable
fee (stated above). Prospective bidders may also download the BDs, if
available, from the DPWH web site. Prospective bidders that will download
the BDs from the DPWH website shall pay the said fees on or before the
submission of their bids documents. Bids must accompanied by a bid
security, in the amount and acceptable form, as stated in Section 27.2 of
the Revised IRR.
Prospective bidders shall submit their duly accomplished forms as
specifed in the BD's in two (2) separate sealed bid envelopes to the BAC
Chairman. The frst envelope shall contain the technical component of
bid, which shall include a copy of the CRC. The second envelope shall
contain the fnancial component of the bid. Contract will be awarded to the
Lowest Calculated Responsive Bid as determined in the bid evaluation
and post-qualifcation.
The Second Metro Manila SUB-Engineering District reserves the
right to accept or reject any or all bid and to annul the bidding process
anytime before Contract award, without incurring any liability to the affected
bidder or bidders.
Very truly yours,
(Sgd.) ELENA M. CASTILAN
OIC-Construction Section
Chairman, SMMSED-BAC
NOTED:
(Sgd.) MAGRARA B. DIMALAWANG
District Engineer
Department of Public Works and Highways
National Capital Region
SECOND METRO MANILA SUB-ENGINEERING DISTRICT
2
nd
Street, Port Area, Manila
I NVI TATI ON TO BI D
(MST-July 28, 2012)
Department of Public Works and Highways
Zamboanga Sibugay 1st District Engineering Offce
OFFICE OF THE DISTRICT ENGINEER
Diplahan, Zamboanga Sibugay
I NVI TATI ON TO BI D
(MST-July 28, 2012)
The Bids and Awards Committee (BAC) of the Department of Public Works and
Highways Zamboanga Sibugay 1
st
District Engineering Offce, through FY 2012 RA10155
Regular 2012 CURRENT, invites contractors to bid for the aforementioned projects, viz:
I. a) Contract ID: No. 12JI0016
B) Contract Name: Repair/Rehabilitation/Improvement of Slipped
Section Along Jct. Imelda-Alicia Road,
Zamboanga Sibugay
a. Baluran Section (K1751+704 K1751+741)
(Left Side)
c) Contract Location: Baluran, Imelda, Zamboanga Sibugay
d) Scope of Work: Repair/ Reconstruct Baluran Slipped Section
e) ABC/Appropriation: P 5,586,441.00
f) Contract Duration: 71 Calendar Days
g) Cost of Bidding Documents: P 10,000.00
II. a) Contract ID: No. 12JI0017
B) Contract Name: Repair/Rehabilitation/Improvement of Slipped
Section Along Lanao-Pagadian-Zamboanga
City Road, Boyugan-Basalem (Intermittent)
Sections, Zamboanga Sibugay
Sta. K1723+918.15 to Sta. K1724+143.15)
c) Contract Location: Basalem, Buug, Zamboanga Sibugay
d) Scope of Work: Repair/Rehab./Improvement of Slipped
Section (Intermittent)
e) ABC/Appropriation: P 3,575,870.00
f) Contract Duration: 80 Calendar Days
g) Cost of Bidding Documents: P 5,000.00
The BAC will conduct the procurement process in accordance with the Revised
IRR of R.A. 9184. Bids received in excess of the ABC shall be automatically rejected
at the opening of bids.
To bid for this contract, a contractor must submit a Letter of Intent (LOI), purchase
bid documents and must meet the following major criteria: (a) prior registration with
DPWH, (b) Filipino Citizen or 75% Filipino-Owned Partnership, corporation, cooperative,
or joint venture, (c) with PCAB license applicable to the type and cost of this contract,
(d) completion of a similar contract costing at least 50% of ABC within a period of 10
years, and (e) Net Financial Contracting Capacity at least equal to ABC, or credit line
commitment at least equal to 10% of ABC. The BAC will use non-discretionary pass/fail
criteria in the eligibility check and preliminary examinations of bids.
Unregistered contractors, however, shall submit their applications for registration
to the DPWH-POCW Central Offce before the deadline for the receipt of LO. The
DPWH-POCW Central Offce will only process contractor's applications for registration
with complete requirements and issue the Contractor's Certifcate of Registration (CRC).
Registration Forms may be downloaded at the DPWH website www.dpwh.gov.ph.
The signicant times and deadIines of procurement activities are shown beIow:
Issuance of Bidding Documents July 27, 2012 - August 16, 2012 until 10:00 A.M.
Pre-Bid Conference August 3, 2012 10:00 A.M.
Deadline of Receipt of LOI from
Prospective Bidders
August 10, 2012 until 3:00 P.M.
Receipt of Bids August 16, 2012 1:00 P.M.
Opening of Bids August 16, 2012 2:00 P.M.
The BAC will issue hard copies of Bidding Documents (BDs) at DPWH of Public
Works and Highways, Zamboanga Sibugay 1
st
District Engineering Offce (DEO),
Diplahan, Zamboanga Sibugay, upon payment of non-refundable fee of (stated above).
Prospective bidders may also download the BDs from the DPWH website, if available.
Prospective bidders that will download the BDs from the DPWH website shall pay the
said fees on or before the submission of their bids Documents. The Pre-Bid Conference
shall be open only to interested parties who have purchased the BDs. Bids must
accompanied by a bid security, in the amount and acceptable form, as stated in Section
27.2 of the Revised IRR.
Prospective bidders shall submit their duly accomplished forms as specifed in the
BDs in the BDS in two (2) separate sealed bid envelopes to the BAC Chairman. The
frst envelope shall contain the technical component of the bid, which shall include a
copy of the CRC. The second envelope shall contain the fnancial component of the
bid. Contract will be awarded to the Lowest Calculated Responsive Bid as determined
in the bid evaluation and post-qualifcation.
The Department of Public Works and Highways, Zamboanga Sibugay 1st District
Engineering Offce, Diplahan, Zamboanga Sibugay reserves the right to accept or reject
any bid, to annul the bidding process at any time prior contract award, without thereby
incurring any liability to the affected bidder/s.

Approved by:
(Sgd.) Atty. ROMEO A. SALADAGA, C.E.
OIC-Chief, Maintenance Section
(BAC Chairman)
NOTED:
(Sgd.) REYNERIO P. ALCACHUPAS
OIC-District Engineer
DEPARTMENT OF FINANCE
Roxas Boulevard Corner Pablo Ocampo, Sr. Street
Manila 1004
(MST-July 28, 2012)
1. The DEPARTMENT OF FINANCE (DOF), through the Government of the Philippines under the
General Appropriations Act for the CY2011, intends to apply the sum of Two Million Eight Hundred
Pesos (P2,800,000.00) being the Approved Budget for the Contract (ABC) to payments under
the contract for the Supply, Delivery and Installation of Modular Partitions for the Use of MCC
Related Offces. Bids received in excess of the ABC shall be automatically rejected at bid opening.
2. The DOF, through its Bids and Awards Committee (BAC), now invites Philippine Government
Electronic Procurement System (PhilGEPS)-registered contractors to apply for eligibility and to bid
for the SUPPLY, DELIVERY AND INSTALLATION OF MODULAR PARTITIONS FOR THE USE
OF MCC RELATED OFFICES. Bidders should have completed, within a period of three (3) years
from the date of submission and receipt of bids, a contract similar to the Project which is equivalent
to at least ffty percent (50%) of the Approved Budget for the Contract. The description of an eligible
bidder is contained in the Bidding Documents, particularly, in Section II. Instructions to Bidders.
3. Bidding will be conducted through open competitive bidding procedures using a non-discretionary
"pass/fail criterion as specifed in the mplementing Rules and Regulations (RR) of Republic Act
(RA) 9184, otherwise known as the Government Procurement Reform Act. However, only those
who have purchased the Bidding Documents shall be allowed to participate in the pre-bid conference
and raise or submit written queries or clarifcations.
Bidding is restricted to Filipino citizens/sole proprietorships, partnerships or organizations with at
least sixty percent (60%) interest or outstanding capital stock belonging to citizens of the Philippines,
and to citizens or organizations of a country the laws or regulations of which grant similar rights or
privileges to Filipino citizens pursuant to RA 5183 and subject to Commonwealth Act 138.
4. Interested bidders may obtain further information from the BAC Secretariat and inspect the Bidding
Documents at the address given below during offce hours.
Acomplete set of Bidding Documents shall be available at the BAC Secretariat, General Services
Division, 7
th
Floor EDPC Building, BSPComplex, Pablo Ocampo, Sr. St., Roxas Blvd., Manila starting
on July 27, 2012 upon payment of the non-refundable fee of Two Thousand Pesos (P2,000.00) not
later than the submission of their bids. It may also be downloaded free of charge from the website
of PhilGEPS and the website of DOF, provided that the Bidders shall pay the non-refundable fee
for the Bidding Documents not later than the submission of their bids.
5. The DOF will hold a Pre-Bid Conference on August 3, 2012, 9:00 a.m. at the DFG Conference
Room for Pre-Bid Conference, which shall be open only to all interested parties who have purchased
the Bidding Documents.
6. Bids must be delivered to the address provided above on or before August 15, 2012 (Tuesday),
8:45 a.m. The bidders shall drop their duly accomplished eligibility requirements, technical and
fnancial proposals in two (2) separate envelopes in the bid box located at the above-mentioned
address. All Bids must be accompanied by a bid security in any of the acceptable forms and in the
amount stated in ITB Clause Error! Reference source not found..
Bid opening shall be on August 15, 2012, 9:00 a.m. at the DFG Conference Room, 4
th
Floor DOF
Building. Bids will be opened in the presence of the Bidders representatives who choose to attend.
LATE BIDS SHALL NOT BE ACCEPTED
7. DOF reserves the right to accept or reject any bid, to annul the bidding process, and to reject
all bids at any time prior to contract award, without thereby incurring any liability to the affected
bidder or bidders.
8. For further information, please refer to:
Ms. Lilia R. Tan
BAC Secretariat
General Services Division, 7
th
Floor EDPC Building
Department of Finance, Roxas Blvd., Manila
Tel. No. 526-84-75
(Sgd.) GIL S. BELTRAN
Undersecretary and
BAC Chairman
INVITATION TO BID FOR THE SUPPLY, DELIVERY AND INSTALLATION OF
MODULAR PARTITIONS FOR THE USE OF MCC RELATED OFFICES
PHILIPPINES
COMPANIES
BEST
B4
FINANCEASIA regional survey
listed conglomerate Ayala
Corp., leading telecom provider
Philippine Long Distance
Telephone Co. (PLDT) and
property giant Ayala Land Inc.
(ALI) as the best managed
companies in the country.
Finance Magazine tallied votes
from 265 investors and analysts
across the region for its 12
th
annual
poll of Asias top companies.
Aside from the list of best
managed companies and chief
executive ofcers, the survey
also showed best companies in
corporate governance, investor
relations, corporate social
responsibility and commitment to
a strong dividend policy.
PLDT chairman Manuel
V. Pangilinan was honored
with the Best CEO Award for
the Philippines. Pangilinan
is concurrently the president
and chief executive of power
distribution utility Meralco and
chairman and chief executive of
mining rm Philex Mining Corp.
PLDT president and chief
executive Napoleon Nazareno
ranked second runner-up among
the top chief executives.
PLDT also led in top categories
of large market capitalization
companies for the Philippine poll,
including Most Committed to a
Strong Dividend Policy for the
fourth consecutive year.
PLDT retained its lead in the
Best Investor Relations category
for its unrelenting commitment to
investors, raking in majority of the
votes among nine of the countrys
top companies for the fourth
consecutive year.
The telecommunications
company ranked second for both
the Best Managed Company
and Best Corporate Governance
categories while garnered the third
spot in the poll for Best Corporate
Social Responsibility.
Philex was recognized among
the top companies in the country
for corporate governance and
corporate social responsibility
categories. Its chief nancial
ofcer, Renato Migrino, ranked
second in the Best Chief
Financial Ofcer category.
Metro Pacic Investments
Corp., ranked fth in the Best
Investor Relations category
among the nine top Filipino
companies on the list.
Aside from Ayala Corp. and
ALI, best managed companies
on the list were Bank of the
Philippines Islands (BPI), Globe
Telecom and Manila Water, which
ranked fth, sixth and eighth,
respectively.
Other companies that were
listed were Aboitiz Power, San
Miguel Corp., International
Container Terminal Services
(ICTSI), Inc. and Philex Mining.
Together with PLDT, companies
on the list of those most committed
to a strong dividend policy were
Globe Telecom, BPI, ICTSI, San
Miguel, Ayala Corp. and Aboitiz
Corp.
Other companies cited for
CSR were Manila Water, PLDT,
San Miguel, Philex, Globe
Telecom, BPI and Energy
Development Corp.
Companies that joined PLDT
in the citation for being best
in investor relations were Ayala
Corp., ICTSI, Globe Telecom,
Metro Pacic Investments,
Megaworld, Vista Land, BPI and
Aboitiz Group.
RCBC was cited in the Best
Mid-Cap Category.
FinanceAsia is a Hong Kong-
based publication reporting
on Asias nancial and capital
markets through a daily website
and monthly magazine. It is
part of the Haymarket Group,
the largest privately owned
publishing company in the
UK, created in part by Lord
Heseltine, the former UK deputy
prime minister.
The awards were the results
of an annual poll, conducted
by FinanceAsia, covering large
market capitalization companies
and based on the results of
tallied votes from more than 300
investors and analysts across the
region.
Best managed
companies hailed
by FinanceAsia
LAST June, EEI Corp. garnered
awards that recognized the
companys business practices,
nancial standing and corporate
governance.
For a third year in a row, EEI was
recently awarded by Corporate
Governance Asia as one among
being among the Best of Asia in
Corporate Governance. The Asian
Excellence Awards recognizes the
achievements and excellence in
management acumen, nancial
performance, corporate social
responsibility, environmental
practices and investor relations.
From a poll survey conducted
by FinanceAsia, a leading
nancial publication in Asia, EEI
was adjudged as the Best Managed
Company in the Philippines for
the Small Cap category.
EEI has been known to be
a pioneering company, always
innovating and striving to
outperform itself. EEI has a
very good reputation in quality
and safety and that has made it
a preferred contractor for global
engineering, procurement and
construction companies.
In the rst quarter of 2012, the
company was awarded seven new
local construction projects with
more than P4 billion estimated
worth. These recent projects
demonstrate the companys varied
capabilities as reected by the
diversity of the work required in
hotel, residential, commercial, and
industrial facilities.
On-going contracts include
the construction of Novotel
Manila Hotel of Araneta
Center Hotel, Inc. in Quezon
City, Green Residences of
SM Development Corp. in
Manila, Eastwood LeGrand 3
of Megaworld in Quezon City,
Levels Condominium Phase
1-A of Filinvest Land, Inc. in
Alabang, Muntinlupa, contract
packages of the Didipio Process
Plant for Oceana Gold Phils., Inc.
in Nueva Vizcaya, Asphalt Plant
Facility for Petron Corporation,
and Autoclave Installation
Works for the Taganito Project
for Royal Cargo Combined
Logistics, Inc. in Claver, Surigao
del Norte.
Aside from local construction
projects, EEI is currently building
facilities in Saudi Arabia,
Singapore and New Caledonia.
EEI Corporation is recognized
as one of the leading construction
companies in the Philippines, known
for the quality of its work and the
excellence of its workforce. It has
the broadest range of construction
and engineering services, with
expertise in the construction of
large-scale heavy and light industrial
projects, infrastructure, and property
development projects all over the
world.
Over the years, EEI has
built several power plants,
reneries, petrochemical plants,
cement plants, mining facilities,
industrial plants, buildings,
schools, hospitals, roads, bridges,
seaports, airports, railways, water
distribution stations, ood control
systems, steel structures and
modular assemblies.
EEI recognized as top construction rm
Receiving the award as the Best Managed Company for Small Cap Category is EEI Corp. president
Roberto Jose Castillo (2nd from left).
Visa Internationals Country
manager for Philippines and Guam Iain
Jamieson, who handed the award out in
a recent ceremony, revealed that RCBC
MyWallet Visa Cards earned the citation
for its overwhelming growth across
payment volume, transaction numbers,
and cards in force in 2011.
Jamieson congratulated the whole
team of RCBC for coming up with such
a successful product.
RCBC president and chief executive
Lorenzo Tan thanked Visa and Jamieson,
and applauded the RCBC Retail Banking
Group for continuing the banks winning
streak. When we launched the MyWallet
Card product ve years ago, my vision
was to capture 55 million customers in
ve years, he said. It has certainly now
become one of our most vital instruments
in helping RCBC garner greater patronage
among our clients.
The RCBC MyWallet Card acts as
an all-in-one prepaid stored value card
that lets cardholders enjoy electronic
banking convenience anytime, anywhere.
Without the need to maintain a monthly
balance, they can withdraw cash over the
counter or automated teller machines,
pay their utility bills, transfer funds from
one MyWallet card to another, and shop
without cash through Bancnet point-of-
sale systems.
With the Visa variant, cardholders
can enjoy these cashless transactions
anywhere in the world where Visa is
recognized and accepted. The MyWallet
card system is supported by Interblocks
Limited, Inc.
PHILIPPINES
COMPANIES
B5
THE Wealth Management Group of Rizal
Commercial Banking Corporation (RCBC)
recently earned top citations in a poll
conducted by Asiamoney magazine, one of
the regions top nancial publications, on
high net worth individuals.
In its Private Banking Poll 2012, RCBC
emerged as both the Best Domestic
Private Bank in the Philippines and
Overall Best Private Bank in the country
as voted by high net worth individuals
with US$1 million to US$5 million assets
under management and in the US$5.01
million to US$25 million assets under
management (AUM).
RCBC Wealth and Management head
Manuel Ahyong Jr. said that the award is
the culmination of his groups continued
upsurge in the last ve years. In all humility,
we have been steadfast and focused in
building our business during this period
and we will continue to do so in the years
to come, he continued. These awards tell
us that we are moving in the right direction
and doing something right. But theres
more work to be done. We will continue to
improve and be the best for our clients.
Established as a separate group under
RCBC in 2006, the banks Wealth
Management has exceeded its AUM
targets and registered a compounded
growth rate of 38 percent year on year in
the last ve years while quadrupling its
client base in the same period.
The group has an open architecture
platform that allows clients to invest
and have access to third party nancial
products and not be limited by what is
offered by the bank itself. It has also
embarked on further improving its
services with the acquisition of a new
system from Sungard called the Wealth
Station, which is also being used by
other international private banks.
The Asiamoney poll results also
reect how our clients view us as
their banker, adviser, and relationship
manager, Ahyong further said. We
are here because of our clients and at
the end of the day its about the trust
and confidence they have in the people
they deal with and the institution we
represent in RCBC.
Best Per for mer in Over all
Visa Pr epaid Ser vices
RCBC MyWallet Cards that carry the
VISA payment brand recently won the
title of 2011 Best Performer in Overall
Visa Prepaid Services in the country.
RCBC bags best bank
and services award
BEST
MAYBANK Kim Engs Thailand and
Philippines operations have been awarded
Best Broker by FinanceAsia in its Country
Awards. This was a result of FinanceAsias
annual look at the best nancial services
rms in various Asian markets.
Maybank Kim Eng Securities
Thailand is Thailands largest securities
rm and has been the number one
brokerage for ten years in terms of
market share. This is the second
consecutive year that the company has
placed rst in this category.
For Maybank ATR Kim Eng
Securities, this is its sixth win in this
category for the Philippines. The
organization was ranked number one
among trading participants in the
Philippine Stock Exchange in 2011
in terms of market value traded. The
company is currently looking to further
strengthen and grow its retail broking
business.
Tengku Dato Zafrul, Group chief
executive of Maybank Kim Eng, says
We are grateful for these accolades
and honoured to have been the partner
of choice for investors in the region.
This recognition from the industry and
our clients will drive us to work harder
at enhancing our product proposition to
our clients in order that they may have a
better trading experience.
Maybank Kim Eng
clinches FinanceAsias
Best Broker Award
In photo, (fromleft) Visa deputy country manager Judith Dumapay, Visa International country manager Iain Jamieson, RCBC
senior executive vice-president and Retail Banking Group head Ismael Sandig, senior vice-president and deputy group head for
Metro Manila and Luzon Remo Garrovillo, Jr., chairperson Helen Dee, and president and chief executive ofcer LorenzoTan.
igital imaging leader Canon
has recently celebrated 15
years in the Philippines. To
mark this momentous
occasion, Canon honored partners in
success in a grand event aptly called Night
of Delight.

Night of Delight was held last July 4, 2012
at the Harbor Garden Tent, Sofitel Philip-
pine Plaza. The exclusive guest list included
friends and partners from the media, dealers,
sponsors and other companies, organiza-
tions and individuals who have been instru-
mental in Canons success over the years.

Philippine Economic Zone Authority
(PEZA) Director General Lilia de Lima
delivered the keynote speech while Canon
Asia Marketing Group President & CEO
Hideki Ozawa and Japanese Ambassador to
the Philippines Toshinao Urabe
commended the company for achieving this
milestone. Together with Miss Earth 2012
pageant winners, the event was star-studded
with appearances by endorsers and local
celebrities Piolo Pascual, Vina Morales, and
cosplay enthusiast Alodia Gosiengfiao who
graced the appreciation night for the digital
leaders business partners.

Established locally in 1996, Canons Philip-
pine operations are considered as among the
main drivers of the Japanese multinationals
impressive growth in Asia. In the Philip-
pines, Canon operates three units: Canon
Information Technologies which is one of
the largest research and development
facility outside Japan; Canon Business
Machines, a new manufacturing company
focused on the production of laser printers
and tools for an optimized production
system; and Canon Marketing (Philippines)
Inc., a subsidiary of Canon in Asia and the
flagship business unit responsible for the
extensive product line of input and output
devices including digital cameras.

In President Aquinos congratulatory letter
to the company it reads, you have in your
employ hundreds of Filipinos nationwide
and your operations have been comple-
mented by the dedication and creativity of
our nations workforce and by the Philip-
pines favorable business environment. We
thank you for your enthusiasm to take part
in our countrys revitalization as well as
your continued optimism in our future.

Since it began operations, Canon Marketing
(Philippines) Inc. has consistently displayed
double-digit growth and now caters to a
wide range of clientelemulti-million
dollar companies, start-up entrepreneurs to
professional and amateur users from all over
the country.

Canon Marketing (Philippines) has estab-
lished itself as a socially responsible corporate
citizen with advocacy campaigns such as
Canon GreenNation, Canon Project Rebuild,
Print for Smiles, and Reams of Hope, among
other socio-civic projects.

Our tagline Delighting You Always is not
just for our clients and customers, Canon
President & CEO Alan Chng said. It is also
for our partners whose continued support has
boosted the steady growth and expansion of
our Philippine operations. Night of Delight is
our way of saying thank you, he added.
From left right : Takahiro Itakura, Senior Manager, Canon Hong Kong; Aldrin Barbas, Director,
Canon Marketing Philippines, Inc., Richard Ordonez Director, Canon Marketing Philippines,
Inc.; Cezar Gatmaytan Jr. Vice President, Canon Information Technologies, Inc. ; Raymond
Fung Vice President, Canon Hong Kong, Mingo Tang Senior Vice President, Canon Hong
Kong; Hisahiro Minokawa President & CEO, Canon Hong Kong; Kazuhiko Yamada President
& CEO, Canon Business Machines Philippines, Inc.; Alan Chng President & CEO, Canon
Marketing Philippines, Inc.; His Excellency Toshinao Urabe Ambassador of Japan to the
Philippines; Teresita Sy Chairman, Banco De Oro; Hon. Lilia de Lima Director General, Philip-
pine Economic Zone Authority; Hideki Ozawa President & CEO, Canon Asia Marketing Group;
Mitsuo Matsudaira Group Executive, Image Communications Products, Canon Inc. ; Bong
Serevo Vice President, Canon Marketing Philippines, Inc.; Robert Coyiuto, Jr. Board
Member, Canon Marketing Philippines, Inc. / Chairman, PGA Cars, Inc.; Atty. Rodolfo Bausa
Corporate Secretary, Canon Marketing Philippines, Inc. ; Masao Takeda Director, Canon Asia
Marketing Group; Alberto Lina Chairman, Lina Group of Companies; Jojo Bolima Director,
Canon Marketing Philippines, Inc.; Vinchy Sanchez Asst. Director, Canon Marketing Philip-
pines, Inc.; Ericson del Castillo Director, Canon Marketing Philippines, Inc.
Canon Marketing Philippines donates PHP1 Million to
ABS-CBN Foundation Inc.
From Left: Bong Serevo, Vice-President, Canon Marketing
Philippines, Inc., Hisahiro Minokawa, President & CEO,
Canon Hong Kong, Gina Lopez, Managing Director,
ABS-CBN Foundation, Inc.; Hideki Ozawa, President &
CEO, Canon Asia Marketing Group, Alan Chng, President
& CEO, Canon Marketing Philippines, Inc.
From Left: Richard Ordonez, Director, Canon Marketing
Philippines; Hideki Ozawa, President & CEO, Canon Asia
Marketing Group, Vina Morales, Hisahiro Minokawa,
President & CEO, Canon Hongkong and Mitsuo Matsu-
daira, Group Executive, Image Communications
Products, Canon Inc.
From Left: Alan Chng, President & CEO, Canon
Marketing Philippines, Inc; Hisahiro Minokawa,
President & CEO, Canon Hongkong, Piolo Pascual,
Canon Brand Endorser, Hideki Ozawa, President &
CEO, Canon Asia Marketing Group and Mitsuo
Matsudaira, Group Executive, Image Communica-
tions Products, Canon Inc.
igital imaging leader Canon
has recently celebrated 15
years in the Philippines. To
mark this momentous
occasion, Canon honored partners in
success in a grand event aptly called Night
of Delight.

Night of Delight was held last July 4, 2012
at the Harbor Garden Tent, Sofitel Philip-
pine Plaza. The exclusive guest list included
friends and partners from the media, dealers,
sponsors and other companies, organiza-
tions and individuals who have been instru-
mental in Canons success over the years.

Philippine Economic Zone Authority
(PEZA) Director General Lilia de Lima
delivered the keynote speech while Canon
Asia Marketing Group President & CEO
Hideki Ozawa and Japanese Ambassador to
the Philippines Toshinao Urabe
commended the company for achieving this
milestone. Together with Miss Earth 2012
pageant winners, the event was star-studded
with appearances by endorsers and local
celebrities Piolo Pascual, Vina Morales, and
cosplay enthusiast Alodia Gosiengfiao who
graced the appreciation night for the digital
leaders business partners.

Established locally in 1996, Canons Philip-
pine operations are considered as among the
main drivers of the Japanese multinationals
impressive growth in Asia. In the Philip-
pines, Canon operates three units: Canon
Information Technologies which is one of
the largest research and development
facility outside Japan; Canon Business
Machines, a new manufacturing company
focused on the production of laser printers
and tools for an optimized production
system; and Canon Marketing (Philippines)
Inc., a subsidiary of Canon in Asia and the
flagship business unit responsible for the
extensive product line of input and output
devices including digital cameras.

In President Aquinos congratulatory letter
to the company it reads, you have in your
employ hundreds of Filipinos nationwide
and your operations have been comple-
mented by the dedication and creativity of
our nations workforce and by the Philip-
pines favorable business environment. We
thank you for your enthusiasm to take part
in our countrys revitalization as well as
your continued optimism in our future.

Since it began operations, Canon Marketing
(Philippines) Inc. has consistently displayed
double-digit growth and now caters to a
wide range of clientelemulti-million
dollar companies, start-up entrepreneurs to
professional and amateur users from all over
the country.

Canon Marketing (Philippines) has estab-
lished itself as a socially responsible corporate
citizen with advocacy campaigns such as
Canon GreenNation, Canon Project Rebuild,
Print for Smiles, and Reams of Hope, among
other socio-civic projects.

Our tagline Delighting You Always is not
just for our clients and customers, Canon
President & CEO Alan Chng said. It is also
for our partners whose continued support has
boosted the steady growth and expansion of
our Philippine operations. Night of Delight is
our way of saying thank you, he added.
From left right : Takahiro Itakura, Senior Manager, Canon Hong Kong; Aldrin Barbas, Director,
Canon Marketing Philippines, Inc., Richard Ordonez Director, Canon Marketing Philippines,
Inc.; Cezar Gatmaytan Jr. Vice President, Canon Information Technologies, Inc. ; Raymond
Fung Vice President, Canon Hong Kong, Mingo Tang Senior Vice President, Canon Hong
Kong; Hisahiro Minokawa President & CEO, Canon Hong Kong; Kazuhiko Yamada President
& CEO, Canon Business Machines Philippines, Inc.; Alan Chng President & CEO, Canon
Marketing Philippines, Inc.; His Excellency Toshinao Urabe Ambassador of Japan to the
Philippines; Teresita Sy Chairman, Banco De Oro; Hon. Lilia de Lima Director General, Philip-
pine Economic Zone Authority; Hideki Ozawa President & CEO, Canon Asia Marketing Group;
Mitsuo Matsudaira Group Executive, Image Communications Products, Canon Inc. ; Bong
Serevo Vice President, Canon Marketing Philippines, Inc.; Robert Coyiuto, Jr. Board
Member, Canon Marketing Philippines, Inc. / Chairman, PGA Cars, Inc.; Atty. Rodolfo Bausa
Corporate Secretary, Canon Marketing Philippines, Inc. ; Masao Takeda Director, Canon Asia
Marketing Group; Alberto Lina Chairman, Lina Group of Companies; Jojo Bolima Director,
Canon Marketing Philippines, Inc.; Vinchy Sanchez Asst. Director, Canon Marketing Philip-
pines, Inc.; Ericson del Castillo Director, Canon Marketing Philippines, Inc.
Canon Marketing Philippines donates PHP1 Million to
ABS-CBN Foundation Inc.
From Left: Bong Serevo, Vice-President, Canon Marketing
Philippines, Inc., Hisahiro Minokawa, President & CEO,
Canon Hong Kong, Gina Lopez, Managing Director,
ABS-CBN Foundation, Inc.; Hideki Ozawa, President &
CEO, Canon Asia Marketing Group, Alan Chng, President
& CEO, Canon Marketing Philippines, Inc.
From Left: Richard Ordonez, Director, Canon Marketing
Philippines; Hideki Ozawa, President & CEO, Canon Asia
Marketing Group, Vina Morales, Hisahiro Minokawa,
President & CEO, Canon Hongkong and Mitsuo Matsu-
daira, Group Executive, Image Communications
Products, Canon Inc.
From Left: Alan Chng, President & CEO, Canon
Marketing Philippines, Inc; Hisahiro Minokawa,
President & CEO, Canon Hongkong, Piolo Pascual,
Canon Brand Endorser, Hideki Ozawa, President &
CEO, Canon Asia Marketing Group and Mitsuo
Matsudaira, Group Executive, Image Communica-
tions Products, Canon Inc.

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