Manila Standard Today - May 29, 2012 Issue

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The Miss Philippines-Earth 2012 winners. From left, Miss Philippines-Eco Tourism Mary Candice Ramos (Vigan City); Miss Philippines-
Water Samantha Purvor (San Juan City); Miss Philippines-Earth Stephany Stefanowitz (Quezon City); Miss Philippines-Air Glennifer Perido
(Tabuk City); and Miss Philippines-Fire Thoreen Halvorsen (Puerto Princesa City).
Going bananas over bugs. The Philippines eyes better packag-
ing to help farmers meet world quarantine protocol.
JUDGMENT DAY
Palace, chief justice ready to accept any verdict
Aquino orders better
banana packaging
Supreme Court allows govt
to forfeit ill-gotten wealth
Italian cardinal linked to Vatican power play scandal
After both sides had com-
pleted their presentation, Enrile
asked the defense what damage
would be done if a public of-
cial disclosed his dollar accounts
regardless of the condentiality
guaranteed by the Foreign Cur-
rency Deposits Act.
Enrile reminded the court that
while the law barred banks from
disclosing details of bank accounts,
no such prohibition existed for the
depositor, who was free to waive
the secrecy of his deposits.
What is prohibited is for third
parties to reveal it and thats why
theyre penalized. But the depos-
itor is not, Enrile said.
He then asked the defense if
it felt Corona had been guilty of
culpable violation of the Consti-
tution when he disregarded its
provision ordering ofcials to
report their assets, liabilities and
net worth--- including their dol-
lar accounts.
The question was left unan-
sweredand will likely be the
key when the senators vote today
to either acquit or convict the
chief justice after a months-long
campaign by the Aquino admin-
istration to oust him from ofce.
The Palace, led by President
Benigno Aquino III, had mount-
ed a nationwide effort and used
the entire government machinery
to oust Corona.
House Speaker Feliciano Bel-
monte Jr., who was not a mem-
ber of the prosecution panel,
delivered the closing statement
that did not delve on the evi-
dence against Corona, but on his
character and moral tness to
remain in ofce.
Since Day 1 of the trial, the sen-
ator-judges, saddled with a awed
impeachment complaint and the
prosecutions inability to deliver
hard evidence proving any high
WEATHER FORECAST
SUMMER is not yet over, but a
storm could hit the country before
the end of the month because of
a low-pressure area in the Bicol
region, the weather bureau said
Monday.
We expect one or two ty-
phoons, but since it is barely two
days before June, one tropical
depression may also come, fore-
caster Antonio Soriaga told the
Manila Standard.
He said the low-pressure area
was spotted 270 kilometers east
northeast of Virac, Catanduanes, it
had been bringing rain to the east-
ern section of Southern Luzon and
the Visayas, and it could develop
into a tropical storm or a typhoon.
Next page
www.manilastandardtoday.com mst@mstandardtoday.com
TODAY
Standard
Manila
Vol. XXVI No. 87 14 Pages, 2 Sections
P18.00 TUESDAY, May 29, 2012
By Maricel V. Cruz
THE lead prosecutor in the
impeachment trial of Chief
Justice Renato Corona on
Monday asked the senator-
judges to look into Chief
Justice Renato Coronas
character and moral tness
to lead the Supreme Court,
saying he had lost the moral
ascendancy to lead the high-
est court of the land.
Iloilo Rep. Niel Tupas Jr.
said Coronas dishonesty
and untruthful declarations
in his statements of assets,
liabilities and net worth
constituted a clear culpable
violation of the Constitution
and betrayal of public trust
both impeachable offenses
in the 1987 Constitution.
Is Chief Justice Renato
Coronado Corona morally
t to remain as chief justice
of the Supreme Court? The
damning revelations that
came out of his impeach-
ment trial go into the very
core of the mans character,
Tupas said.
VATICAN CITYOne of the
Vaticans biggest scandals in
decades appears to be widening
with reports that an Italian cardi-
nal may be involved in a power
struggle involving leaked docu-
ments, corruption and intrigue.
Leading newspapers Corri-
ere della Sera and Il Messagge-
ro said Monday that the popes
butler who was arrested three
days ago for allegedly feeding
documents to Italian journalists
clearly did not act alone and that
an unidentied cardinal was
suspected of playing a major
role in the scandal. The Vatican
had no immediate comment.
The Vaticans investigation
into the source of leaked docu-
ments yielded its rst target with
the arrest of the popes butler,
who reportedly kept a treasure
trove of documents in his Vati-
can apartment.
The detention of butler Paolo
Gabriele, part of Pope Benedict
By Joyce Pangco Paares
and Rey E. Requejo
BOTH Malacaang and Chief
Justice Renato Corona said
Monday they were ready to ac-
cept whatever verdict was hand-
ed down by the Senate impeach-
ment court today.
We are as ready as we will
ever be for whatever verdict that is
coming out, presidential spokes-
woman Abigail Valte said.
We respect the Senate im-
peachment court, so whatever
their verdict is, we will defer to
the senator-judges.
Depending on where youre
sitting, it will be an upset either
way. If the defense wins, then it
will be an upset for the prosecu-
tion; if the prosecution wins, it
will be an upset for the defense.
So let us wait for the verdict.
Supreme Court spokesman
Midas Marquez said Corona was
ready to accept the impeachment
courts verdict, too.
The chief justice has surren-
dered to Gods will, Marquez
said in a text message.
Asked if the Palace was en-
tertaining the possibility of an
acquittal for the chief magistrate,
Valte replied: Not if you look at
the evidence that has been pre-
sented.
Based on the evidence and the
admissions that have been given, it
is a strong case.
PRESIDENT Benigno Aquino
III has ordered the Agriculture
Department to inspect and up-
grade the packaging facilities of
small banana exporters to ensure
they meet the more stringent
quarantine requirements being
imposed by China, an ofcial
said Monday.
The President has already
instructed the [department] to
provide assistance and to make
sure that the packaging ware-
houses of small players will be
up to par, deputy presidential
spokeswoman Abigail Valte
said.
The President has already
given the instructions to [the
department] to assist the small
players in making sure that they
are compliant with international
standards as to our exports.
China recently rejected some
shipments of Cavendish banan-
as from the Philippines, saying
those were infested with scale
insects.
By Florante S. Solmerin
THE Presidential Commission
on Good Government on Mon-
day hailed the Supreme Courts
unanimous decision afrming
the Sandiganbayan anti-graft
courts 2009 decision forfeiting
all the assets worth of Arelma
S.A. Worth $40 million in favor
of the government.
The Arelma S.A. is a Panama-
nian entity that was created by the
late President Ferdinand Marcos
and which had opened a deposit
with Merrill Lynch in New York.
In 2000 Switzerland turned
over two Arelma stock certicates
representing its entire assets to
the Philippine government. The
Swiss Federal Supreme Court had
ruled that, like the other secret
accounts and securities hidden in
Swiss banks that were turned over
to the Philippine government in
By Macon R. Araneta
and Joel E. Zurbano
THE defense lawyers on Mon-
day asked the Senate impeach-
ment court to reject what they
called the grand plot of Presi-
dent Benigno Aquino III and
his allies to oust Chief Justice
Renato Corona and acquit
him because he did not betray
the public trust as charged or
commit a crime.
In his closing arguments,
defense counsel Eduardo
Delos Angeles said the Presi-
dent had repeatedly declared
he wanted the chief justice
removed, and that the Exec-
utive branch had used its full
powers to interfere in the im-
peachment proceedings.
Regrettably, we have
witnessed the unusual rub-
ber-stamping by the majority
of the House of Representa-
tives who never even read
the Articles of Impeach-
ment, Delos Angeles said.
The blitzkrieg endorse-
ment of the Articles of
Prosecution: CJs palusot
backs plea for conviction
Defense: CJs good faith
in law clears him of guilt
Next page
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Storm before May ends
Cuevas
Enrile
Delos Angeles Manalo Belmonte Farias Tupas
Moment of truth. This empty chair symbolizes the intention
of the impeachment complaint to remove Supreme Court Chief
Justice Renato Corona.
By Christine F. Herrera and Joel E. Zurbano
BOTH sides in the impeachment trial
of Chief Justice Renato Corona pre-
sented their closing arguments Mon-
day, but Senate President and Presiding
Judge Juan Ponce Enrile, who is seen
to hold the swing vote, ended the hear-
ing with questions to the defense.
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News
ManilaStandardToday mst.daydesk@gmail.com MAY 29, 2012 TUESDAY
A2
First line of defense. Customs X-Ray Inspection Project head Lourdes Mangaoang presents to
Deputy Commissioner for Administration Juan Lorenzo Taada a replica of the state-of-the-art mobile
cargo scanner being used by the Bureau of Customs to deter smuggling and improve revenue collection.
Customs X-Ray Team celebrates its 5th anniversary today. It has caused the conscation of nearly P17
billion worth of contraband while generating more than P61 billion in additional duties and taxes.
Storm...
Typhoons arrive in the third
quarterusually in Julybut
the strongest visit during the
months of October to December.
One of the deadliest cyclones
to hit the Philippines was typhoon
Didanginternational name
Olgawhich ravaged the country
from May 12 to 17 in 1976 and
killed at least 374 people.
Still, less than half of the trop-
ical cyclones that threaten the
Philippines actually make land-
fall, the weather bureau says.
Rio N. Araja
Palace...
Corona has admitted not declar-
ing at least P80 million in his bank
accounts because those were co-
mingled with his family members,
including those held in trust by his
wife for the Basa Guidote Enter-
prises.
He also admitted not declaring
$2.4 millionnot $10 million as
alleged by Ombudsman Conchita
Carpio-Moralesin four bank ac-
counts as those were covered by the
absolute condentiality provision of
the Foreign Currency Deposit Act.
Earlier, presidential spokesman
Edwin Lacierda said Corona could
not hide behind the law in justifying
the non-disclosure of his dollar ac-
counts.
When you declare your assets,
you declare both peso and dollar de-
posits, he said.
The law does not make any dis-
tinction and when the law does not
make any distinction, we, the peo-
ple, should not make any distinction
also.
Civil Service Commission
chairman Francisco Duque said
the FCDA was supposed to cover
banks, not individuals.
It doesnt prohibit an individual
from declaring his foreign currency
accounts in his statement of assets,
liabilities and net worth, Duque
said.
Meanwhile, the magistrates of
the Supreme Court on Monday said
they too would accept the outcome
of the impeachment trial.
Well accept the verdict. What-
ever it is, well accept it, Associate
Justice Martin Villarama Jr. said in a
chance interview.
He said he and his colleagues
were ready for the effects of Coro-
nas possible conviction or acquittal.
If there are adjustments to be
made, we will try our best to serve
the Filipino people and the nation,
Villarama said.
He said he wished the chief justice
the best of luck as he faced judgment.
I can say that he is a very good
person. Hes been very good to us.
Hes been a good leader since I
joined the court. I wish him luck,
Villarama said.
Although he believed that the
senator-judges would be intelligent
and upright in casting their votes to-
day, Villarama expressed hope that
they would be objective for the
good of the Filipino people.
He said the impeachment trial
had tainted the judiciarys image.
You have to improve or regain
the condence of the people in the
judiciary, he said, adding he had
been affected by the trial that had
put their institution under scrutiny.
If the institution is under trial,
partly Im also under trial because
Im part of it, he said.
Villarama is among the four jus-
tices who accepted the challenge by
the chief justice to public ofcials to
also waive the secrecy of their dol-
lar bank accounts for the sake of
accountability and transparency in
public service.
Another magistrate, Associate
Justice Roberto Abad, also agreed
to waive the secrecy of his dollar
deposits. He said he was willing to
disclose his assets simply because
he had nothing to hide.
Two other justicesArturo Bri-
on and Jose Perezalso said over
the weekend that they were willing
to waive the secrecy of their dol-
lar deposits in apparent response to
their chiefs challenge.
Aquino...
But the Filipino ofcials who
went to Beijing to inspect the
shipments said what the Chinese
had found in the fruits were not
scale insects but mealy bugs,
which could be found every-
where but which could be de-
stroyed by fumigation.
China is the second biggest
market for Philippine bananas
after Japan. Last year the Phil-
ippines exported 358,000 met-
ric tons of bananas to China
worth P4.75 billion.
The Philippine Banana
Growers and Exporters Asso-
ciation said it may not meet its
export growth target this year
due to the new restrictions be-
ing imposed by Beijing.
Banana growers and export-
ers last week said they had lost
at least P1.44 billion since Chi-
na imposed tighter restrictions
more than two months ago.
As a result of Chinas more
stringent quarantine inspections,
the Agriculture Department
plans to put up packaging plants
and enhance post-harvest facili-
ties to help small banana grow-
ers comply with the world quar-
antine protocol on fresh fruits.
The Bureau of Plant Indus-
trys quarantine ofcials met
on Monday to discuss the tech-
nical and nancing require-
ments of the packaging plants
to be put up.
Were trying to gure out how
much is needed to help the small
banana growers have their own
packaging facilities, agency ad-
ministrator Clarito Baron said.
Presidential Communications
Development Secretary Ramon
Carandang said the administra-
tion was looking at incentives
for banana growers who would
be able to nd new markets for
Philippine Cavendish bananas.
Agriculture Secretary Proceso
Alcala has said the Philippines
is looking to export bananas to
Cambodia and Singapore and to
increase its , as shipments to Ja-
pan to ease the impact of Chinas
stricter quarantine procedures.
Joyce Pangco Paares and
Othel V. Campos
Supreme...
1998, there was little doubt
about its criminal provenance.
The long-awaited resolu-
tion of this case is most ap-
preciated, PCGG Chairman
Andy Bautista said.
These assets were improp-
erly obtained through [the]
gross misuse of his [Marcos]
public ofce and in grave be-
trayal of the public trust.
The decision underscores
the messageas relevant to-
day as it was 26 years ago at
Edsathat crime does not
pay and that eventually the
long arm of the law will catch
up with those who betray the
people.
Bautista said the Supreme
Courts decision would help
the Philippine government re-
cover more ill-gotten wealth
that were hidden by Marcos
abroad. He said the Philip-
pine government and not the
Marcos heirs or estate owned
Arelmas assets.
This is money which the
PCGG would like to return to the
Philippine Treasury before the end
of the year, Bautista said.
In fact, the Arelma assets
now estimated at US$40 mil-
lionis currently the subject of
a case pending before the New
York Court of Appeals between
a group of Marcos human rights
violations victims, Arelma and
the Philippine National Bank
[which holds the Arelma certi-
cates as escrow agent].
Bautista said the Philippines
had resisted attempts to make
it a party to the New York liti-
gation because it could not be
considered a run-of-the-mill
claimant to the assets.
Italian...
XVIs household staff, threw the
Holy See into chaos.
The tumult began with the pub-
lication last weekend of a book of
leaked Vatican documents includ-
ing correspondence, notes and
memos to the pope and his pri-
vate secretary. It peaked with the
inglorious ouster on Thursday of
the president of the Vatican bank.
And it concluded with conrma-
tion Saturday that Pope Benedict
XVIs own butler was the alleged
mole feeding documents to Italian
journalists in an apparent bid to
discredit the pontiffs No. 2.
If you wrote this in ction
you wouldnt believe it, said
Carl Anderson, a member of the
board of the Vatican bank which
contributed to the whirlwind
with its no-condence vote in its
president, Ettore Gotti Tedeschi.
No editor would let you put it
in a novel.
The bank, known as the Insti-
tute for Religious Works, issued
a scathing denunciation of Gotti
Tedeschi in a memorandum ob-
tained Saturday by The Associ-
ated Press. In it the bank, or IOR
by its Italian initials, explained
its reasons for ousting Gotti
Tedeschi: he routinely missed
board meetings, failed to do his
job, failed to defend the bank,
polarized its personnel and dis-
played progressively erratic
personal behavior.
Gotti Tedeschi was also ac-
cused by the board of leaking
documents himself: The IOR
memorandum said he failed to
provide any formal explanation
for the dissemination of docu-
ments last known to be in his
possession. In an interview with
the AP, Anderson said the latter
accusation was independent of
the broader Vatileaks scandal
that has rocked the Vatican for
months. But he stressed: It is
not an insignicant issue. AP
Prosecution...
House Speaker Feliciano
Belmonte Jr. asked the senator-
judges to convict Corona be-
cause he did not declare all his
assets.
Deputy lead public prosecutor
and Ilocos Norte Rep. Rodolfo
Farias said Coronas alibis
and drama supported the pros-
ecutions battle to convict him.
He said Corona should be con-
victed for his undeclared assets.
It is very clear that what he
has said are palusot [alibis]. He
has been caught, Farias said.
He wants us to believe that
when he was in school he was
a visionary that started buying
dollars.
Farias said it was absurd that
Corona did not declare his $2.4
million in his statement of assets.
It is very clear in the law that
whatever you have, you must
declare it, Farias said.
Our nation does not deserve
to have a chief justice who in-
tentionally and consistently
hides the great bulk of his cash
assets....
Tupas said he believed that
a chief justice who had re-
peatedly thwarted the peoples
will by lying under oath in his
[statement of assets] to conceal
wealth that he could not ex-
plain should not be trusted at
all by the people.
Can we trust a magistrate
who was very much willing to
receive discounts, favors and
other benets from parties with
cases pending before the Su-
preme Court?
And can we trust a man who
took advantage of his position
and abused his power to commit
grave injustice and oppress his
relatives in the name of greed?
Tupas told the Senate that the
impeachment trial was not so
much about Corona but more
about setting aright that which
is wrong.
It is now up to our hon-
orable members of the Sen-
ate to take the final step to
restore the greatness that we
have lost, he said.
The people are hopeful.
Let us end this right. Let us
decide in favor of truth and
greatness.
To adopt the chief justices
interpretation of the law would
be to encourage dishonesty in
government and would lead to
the absurd situation where the
law itself protects ill-acquired
wealth hidden in foreign cur-
rency accounts.
This is how the chief justice,
the highest magistrate of the
land, who is expected to possess
superior legal wisdom, inter-
prets the law to protect his own
interest.
Defense...
Impeachment to the Senate was
principally undertaken by the par-
ty-mates of the President.
Delos Angeles made his state-
ment even as lead defense coun-
sel Seran Cuevas said there was
no ground to impeach Corona as
a result of his non-disclosure of
his dollar accounts in his state-
ment of assets.
He said he saw no case or pro-
ceeding questioning the validity of
the Foreign Currency Deposits Act
stating that foreign currency depos-
its may not be disclosed.
Unless pronounced unconsti-
tutional, it remains valid, Cuevas
said.
Another defense counsel, Den-
nis Manalo, said the prosecution
may not question the supposed
suspicious movements of Coronas
dollar accounts.
There were movements in the
accounts as Ombudsman Conchita
Carpio-Morales had testied, but
the prosecution failed to present
any witnesses to testify that Corona
accepted bribes. Delos Angeles
said the veried complaint led
before the Senate against Corona
originally contained eight Articles
of Impeachment.
But after the senator-judges
warned the House prosecutors as a
result of their slapdash presentation
of their case in the opening days of
the trial, the prosecutors informed
the impeachment court that they
were dropping ve of the eight
charges against Corona and leav-
ing only Article 2, Article 3 and
Article 7.
To further bolster the conspiracy
between the Executive and the
other government agencies, the
Justice secretary threatened the
other Supreme Court Justices with
impeachment, Delos Angeles said.
He said the Land Registration
Authority then falsely listed 45
pieces of property allegedly owned
by Corona, while the Bureau of In-
ternal Revenue presented conden-
tial income tax returns and started
investigating the chief justice and
his family.
The Anti-Money-Laundering
Council looked into the bank ac-
counts of the chief justice without a
predicate crime or court order.
The Ombudsman exaggerated
and testied that the chief justice
had 82 bank accounts and $10 mil-
lion to $12 million in deposits.
The cadence of their actions
imply a conductor, Delos Ange-
les said.
He appealed to the senator-jurors
to acquit Corona.
What we have here is a situa-
tion where the chief justice, con-
sistent with his practice for the last
two decades, assumed that his reli-
ance on the letter of the law could
not be wrong, he said.
In other words, he said, the chief
justice could not be made answer-
able for his interpretation of the
law unless the Supreme Court
ruled otherwise or the legislative
amended the law.
To repeat, there is no liability
for an erroneous interpretation of
the law when made in good faith,
Delos Angeles said as he noted that
Corona had been unwavering in his
conviction that the Foreign Curren-
cy Deposits Act provided absolute
condentiality to dollar accounts.
He said Corona had not been
charged with treason, bribery, graft
and corruption or other high crimes
for which impeachable ofcials
may be removed from ofce.
Article 2 of the Articles of Im-
peachment accuses him of not
disclosing his statement of as-
sets, but Delos Angeles said they
had painstakingly shown that the
pieces of property supposedly be-
longing to the Chief Justice were
not actually his and therefore
need not be disclosed.
But Corona disclosed his peso
holdings and deposits. The other
peso accounts did not belong to
him but were either owned by
his children or held in trust for
Basa Guidote Enterprises Inc. or
as part of the common fund from
his mother.
The chief justice relies on the
basic principle that what he does
not own, he should not declare as
his asset, Delos Angeles said.
It is therefore submitted that he
cannot be held liable for culpable
violation of the Constitution. he
said.
Judgment...
crime, seemed at a loss on whether
Corona was guilty of culpable vio-
lation of the Constitution and be-
trayal of public trust as charged by
the House prosecutors.
Senator-judge Miriam Defen-
sor Santiago, to the end, raised the
question as to the extent the court
could penalize the chief justice and
raised the possibility of censure,
reprimand or suspension.
But Enrile was also clear that the
vote must only be to acquit or con-
vict Corona.
While many of the judges
seemed to have already made up
their minds to convict, the defense
hammered on the prosecutions
failure to produce any evidence
against the chief justice, still hop-
ing to win acquittal.
Enriles vote is viewed as crucial
as he is perceived to have his own
bloc in the Senate, including Sen-
ate President Pro Tempore Jinggoy
Estrada, Senate Majority Leader
Vicente Sotto III and Senator Gre-
gorio Honasan.
The four votes could spell ac-
quittal or conviction for Corona.
The prosecution needs 16 votes
to convict Corona, who, as of this
writing, sources said only had sure
four solid votes for acquittal: those
of Santiago, Joker Arroyo, Ferdi-
nand Marcos Jr. and Manuel Villar.
Bringing in Enriles bloc of
four votes would grant Corona an
acquittal, as he only needs eight
votes to win the trial.
But Villar, sources said, might
vote for conviction since his wife
Cynthia, who is gunning for the
Senate, was being wooed by the
Palace to run under the administra-
tion slate.
The prosecution, from the start,
has insisted that the impeachment
trial is a political exercise with
no less than the President leading
the anti-Corona campaign.
The prosecution also formed the
188 Movement, consisting of the
188 lawmakers that signed the im-
peachment complaint that brought
their campaign against the chief
justice to their home provinces.
But the prosecution immedi-
ately dropped the assertion that the
impeachment was a political exer-
cise when they learned that Corona
was being supported by the inu-
ential Iglesia ni Cristo.
Malacaang was even quick to
debunk rumors that the Feb. 28
rally of the Iglesia was meant to
support Corona, who denounced
the Palace for attacking the inde-
pendence of the Supreme Court
and threatening the system of
checks and balances that are key to
a democracy.
On the eve of Coronas appear-
ance before the Senate impeach-
ment court, the President himself
went to see the leadership of the
Iglesia to explain why the govern-
ment was pursuing the chief jus-
tices ouster.
The Iglesia brings with it a
solid vote of 8 million members
nationwide that the reelectionist
senators---Francis Escudero, Lo-
ren Legarda, Antonio Trillanes IV,
Alan Peter Cayetano, Honasan and
Aquilino Pimentel III---will also
likely take into account.
Escudero said he was not im-
pressed by the closing arguments
Monday, but the folksy address of
prosecutor and Ilocos Norte Rep.
Rodolfo Farinas, who dismissed
Coronas explanations for not de-
claring his bank deposits as palu-
sot or excuses, would resonate.
The defense, on the other hand,
stressed that the prosecution had
failed to bring in evidence to pin
down Corona.
Defense counsels retired Justice
Seran Cuevas, Eduardo delos
Reyes and Dennis Manalo pointed
out that the prosecution had failed
to answer most questions because
they did not bother to cross-exam-
ine Corona when he went to court
to testify.
They said the prosecution was
only successful in making innuen-
dos and casting doubt on Coronas
dollar and peso accounts.
The prosecution asked the Sen-
ate impeachment court to convict
Corona by insisting that he failed
to disclose truthfully and accu-
rately his assets in his statement
of assets, liability and net worth the
$2.4 million in dollar accounts and
P80.7 million in peso accounts that
Corona said were not his but co-
mingled accounts from the mem-
bers of his family.
Shortly before the hearing end-
ed Monday, Enrile posed his ques-
tions to the defense.
What injury or prejudice may
arise if a depositor who is public
ofcer or employee of a foreign
currency deposit would include
that deposit or the amount rep-
resented by that deposit in his
SALN?
Cuevas said he was not sure
what damage could be done, but
mentioned the threat of kidnapping
as one possibility.
At this point, Enrile said the
Foreign Currency Deposits Act
merely barred banks, not deposi-
tors, from revealing details of their
accounts.
He then asked the defense if the
constitutional provision on provid-
ing a statement of assets, liabilities
and net worth was a mandatory
requirement that all public ofcials
had to obey.
My next question is, if it is a sov-
ereign command... will disobedience
constitute a culpable violation of the
Constitution? Enrile continued, us-
ing the Latin root word culpa or
failure to make his point.
He dismissed Cuevas distinc-
tion about whether or not the fail-
ure was intentional or out of negli-
gence, saying it did not matter.
Before the hearing started, En-
rile also took Cuevas to task for
telling an interview that they could
le an appeal to the Supreme Court
if Corona was convicted, remind-
ing him that the Senate had the sole
power to try and decide impeach-
ment cases under the Constitution.
But Cuevas denied there was
any plan to make an appeal.
Were still waiting for the trial
to be nished, he said.
Despite Enriles questions, de-
fense spokeswoman Karen Jimeno
said she felt the defense presented
a very strong legal argument for
acquittal.
Prosecutor Reynaldo Umali, on
the other hand, said they were opti-
mistic Corona would be convicted.
MAY 29, 2012 TUESDAY
A3 News
ManilaStandardToday mst.daydesk@gmail.com
Govt, Moros: Tough talks ahead
GSIS spearheads
P25-b infra fund
Job seekers
warned of
scam in
Canada
Employers reject wage-hike order
As both panels resumed the
28th formal peace talks in Kuala
Lumpur yesterday, presidential
peace adviser Teresita Deles said
the government and the MILF
must be able to bridge the gaps
between common grounds
for the negotiations to move
forward.
The government panel went to
Kuala Lumpur having undergone
intensive preparations for the
substantive agenda which are
on the table. These are difcult
issues which may test the will
and patience of the two parties,
Deles said.
Deles said the government was
hoping that this weeks round
of formal talks could build on
the gains established with the
signing of the Decision Points
on Principles during the April
meeting.
MILF chief negotiator Mohagher
Iqbal earlier said he expected a rough
sailing in the talks.
The government was
to present the outcome of
several consultations with key
stakeholders, including senators
and other Mindanao lawmakers,
on the DPP which included the
creation of a new autonomous
political entity that would
replace the Autonomous Region
in Muslim Mindanao.
On May 17, Deles along with
government chief negotiator
Marvic Leonen and other
government panel members
consulted several senators on the
DPP which was to serve as the
framework for the nal peace
agreement with the MILF.
Senate President Juan Ponce
Enrile led the group, along with
Committee on Peace, Unication
and Reconciliation chairman
Teosto Guingona III, and
committee members Panlo
Lacson, Gregorio Honasan II,
Francis Pangilinan, Edgardo
Angara, Franklin Drilon and
Aquilino Pimentel.
The DPP would require a new
law to amend the ARMM Organic
Act as well as a plebiscite among
the residents in the areas to be
covered by the future autonomous
political entity.
Based on the decision
points signed last month, the
future political entity would
have a ministerial form of
government.
The powers that would
be reserved for the national
government are as follows:
defense and external security;
foreign policy; common market
and global trade; coinage and
monetary policy; citizenship
and naturalization; and postal
service.
The power to enter into
economic agreements, however,
would be transferred to the new
political entity.
Both sides also agreed that the
future autonomous entity must
be given the power to create
its own sources of revenue
and to have a just share in the
revenues generated through the
exploration, development or
utilization of natural resources.
The political entity would also
have the powers over the Shariah
justice system.
By Joyce Pangco Paares

THE Aquino administration on
Monday said it expected difcult issues
that would test the will and patience
of both the negotiating panels of the
government and the Moro Islamic
Liberation Front.
Diamond event. President Benigno S. Aquino III delivers his speech during the 75
th
founding anniversary of the Government Service
Insurance System. MALACAANG PHOTO
Quick-response team. Coast Guard ofcers undergo inspection
on deployment response. DANNY PATA
Sin tax opposed. Tobacco farmers reenact noynoying, or the
act of lazing around, to dramatize their protest against a plan to
reform the tax scheme. DANNY PATA

By Bernadette Lunas
PRESIDENT Benigno Aquino III
on Monday announced the creation
of the largest infrastructure fund
so far, which would be primarily
nanced by the Government
Service Insurance System, the
Macquarie group and two other
undisclosed investors.
The P25-billion Philippine
Investments Alliance for
Infrastructure (PinAI for short)
would nance the construction
of infrastructure projects, create
more jobs and develop a platform
for industrialization and growth,
Mr. Aquino said during the 75th
anniversary of the GSIS.
Among the areas of
investment under PInAI
included transportation, energy,
power, water, environment and,
communications.
Our participation in the
PInAI as lead investor will serve
to enhance the returns on our
investments for the greater benet
of our members and pensioners,
said GSIS president and general
manager Robert Vergara.
Vergara said the GSIS
earmarked $300 million or half
of the required amount for the
fund.
The money would come from
the agencys cash reserves, or less
than 5 percent of the total assets
of the state-run pension fund of
around $16 billion.
We are considering increasing
our stake; we want to see how
much the other investors are going
to be putting in because there will
also be a problem if the amount
too big. Maybe we will wait for
the fund to be fully invested and
then think about increasing our
commitment, he said.
PInAI would be managed by
Macquarie Infrastructure and
Real Assets, which was chosen
after a rigorous selection process,
Vergara said.
We are pleased to partner with
GSIS, the largest pension fund in
the Philippines, particularly at a
time of strong economic growth in
the country, said Macquarie senior
managing director Frank Kwok.
According to Vergara, the
Macquarie made a committment
to put in $50 million.
Two other international
institution investors would take
part as anchor investors.
At the moment the only one
that I can disclose is that the
general partners, but there are
two two international investors
who are just going through the
necessary approval process
before we can disclose them,
Vergara said.
The Department of Labor
and Employment on Monday
warned of a scam victimizing
job seekers bound for Canada, .
Labor and Employment
Secretary Rosalinda Baldoz
cited a report of the Department
of Foreign Affairs, which
highlighted the website scam
operations of unscrupulous
individuals or groups.
These unscruplous people
would charge fees in exchange
for high paying yet non-
existent jobs in Canada, Baldoz
said.
Baldoz said the that
fraudulent website operators
used the Canada woodmark or
Citizenship and Immigration
Canada logo without
permission.
She claried that only
Immigration consultants,
lawyers, Quebec notaries, and
paralegals regulated by law
are the only authorized entities
who may charge fees from job
seekers in Canada.
The Philippine Overseas
Employment Administration
took note of an increase of
15,658 documented workers
in 2011 compared to 13,885 in
2010.
Migrant workers intending
to go to Canada should go
through the proper processes
of the DFA, Baldoz said.
As recruitment scams
proliferate, jobseekers should
be watchful and guard
themselves against too-good-
to-be-true offers that might
lead them to the path of those
who have been victimized by
scammers, Baldoz said.
Vito Barcelo
THE Employers Confederation
of the Philippines called on the
regional productivity to declare
the P30-wage increase in Metro
Manila null and void for being
unlawful.
The ECOP led a petition
before the National Wage and
Productivity Council seeking
to remand the order of the
Regional Tripartite Wages and
Productivity Board-National
Capital Region.
ECOP acting president Rene
Y. Soriano said that the wage
board committed grave abuse
of discretion in granting an
excessively unjustied increase
in the minimum wage rates
contrary to law and policy, which
is conscatory in nature in so far
as cemployers are concerned.
Soriano said that the wage
order was not economically
feasible.
The ECOP, he said found
no legal basis and economic
justication for the imposition
of the wage rates.
The board also failed to
consider the destructive impact
of the order on the cost of doing
business and on the viability and
competitiveness of enterprises,
particularly on the micro and
small establishments which
employ most of the minimum
wage earners, he said.
Soriano noted that the law
not only exempted barangay
micro businesses from coverage
of the minimum wage but
also penalized violators with
criminal sanctions.
Vito Barcelo
Bradys confirmation prospects bright, say officials
TWO members of the 11-
man House contingent to the
Commission on Appointments on
Monday lauded the appointment of
Ambassador to China Sonia Brady,
saying that her long-time experience
in the diplomatic service would help
her in the resolution of the territorial
dispute on Scarborough Shoal.
House Deputy Majority
Leader Magtanggol Gunigundo
I and Nueva Ecija Rep. Rodolfo
Antonino, both members of
thebicameral panel, said they found
Bradys impressive track record
and extensive experience in foreign
affairs and relations.
This would serve as her best
defense to hurdle conrmation by
the body, the lawmakers were one
in saying.
Malacaang appointed Brady
as the new Philippine Ambassador
to China after it withdrew
its nomination of Domingo
Lee, whose appointment had
been thrice rejected due to his
questionable credentials on his
basic knowledge of diplomacy and
China. Lee, a businessman and
an old friend of the Aquinos, was
also taken to task for not being
able to speak English uently.
Gunigundo expressed condence
that Brady would be able to perform
her tasks effectively, particularly in
providing a win-win solution to the
conict between the China and the
Philippines over the resource-rich
Scarborough Shoal.
I believe Brady will be able to
get the CA conrmation swiftly.
She went through conrmation
proceedings before without any
hitches, Gunigundo said.
Brady had served as countrys
ambassador to China from April
2006 to January 2010.
She assumed her post as Third
Secretary and Vice Consul and
Second Secretary and Consul of the
Philippine Embassy in Beijing from
1976 to 1978.
Gunigundo said she was
not aware of any issue on her
competence as a diplomat. It
would be good for Philippines ties
with China to send a familiar face
to the Beijing post who knows the
Chinese psyche, Gunigundo said
in an interview.
Brady, who also served as
Foreign Affairs Undersecretary
for Policy from July 2003 to 2006,
has a master of arts in international
relations from the University of
Southern California and a degree on
foreign service from the University
of the Philippines.
Bradys foreign posting include
two- year stint as envoy to Thailand
from 2002 to 2003 and four-year
diplomatic stint as ambassador to
Myanmar from 1995 to 1999.
She also served as Deputy
Chief of Mission to Indonesia
and Thailand from 1992 to 1995,
Assistant Secretary to the Ofce
of the Secretary for policy and
coordination, Director for the Ofce
of the Asia-Pacic and Assistant at
the ofce of policy affairs.
Antonino, for his part, said
that being a veteran diplomat
would be an advantage.
Antonino, vice chairman of
the House Committee on Foreign
Affairs said: I believe she will
have no problem as far as her
conrmation of the nomination as
the Philippine Ambassador to China
is concerned, given her credentials.
Brady, who also served as
Foreign Affairs Undersecretary
for Policy from July 2003 to 2006,
has a master of arts in international
relations from the University of
Southern California and a degree on
foreign service from the University
of the Philippines.
Bradys foreign posting
included two- year stint as envoy
to Thailand from 2002 to 2003
and four-year stint as ambassador
to Myanmar. Maricel Cruz
Opinion Adelle Chua, Editor
ManilaStandardToday
mst.lettertotheeditor@gmail.com MAY 29, 2012 TUESDAY
A4
THE months-long impeachment trial of
Chief Justice Renato Corona ends today
or so we expect. The 23 senator-judges
will either convict or acquit the chief
magistrate on the three remaining articles
of impeachment based on what transpired
during the trial.
Over the past ve months, we have
seen how the senators have conducted
themselves inside the impeachment
court and outside it. Some have shown
admirable impartiality while others have
been unabashedly wearing their decisions
on their sleeves. We have observed the
way they asked questions, kept silent or
made pronouncements unbecoming of a
judge.
Then again, they are politicians owing
their positions to the shifting sentiments of
the people and not necessarily to the rule
of law. We hope, however, that they spring
a surprise and show their constituents they
are beyond petty politicseven though
that is highly unlikely.
Corona himself has been hung out to
dry. It is likely he feels a semblance of
relief, whatever the verdict, that this very
public stoning is nearing its end. Only
the chief justice can say whether he faced
his challenge the best way he could, and
whether he remains t to hold his position
in the event of an acquittal. Still, there is
much to do at the Supreme Court, clogged
as it is with equally pressing cases. It
must continue to function despite the
divisiveness and disruption this case has
wrought.
President Benigno Aquino III has most
shamelessly involved himself in this trial,
gathering the forces of his legislative
minions and tapping government agencies
to support his single objective of convicting
Coronaif not in the Senate then in the
hearts and minds of the public.
Perhaps he should ask himself: Is he
happy now? Does he feel accomplished
at shaming his enemy even if it has meant
losing his focus and slacking off on all
other things that demand his presidential
attention? Has this been enough of a
loyalty check among the members of his
administration?
Finally, did we Filipinos even get
anything out of the protracted trial at all?
We submit we did. We tested
constitutional boundaries and witnessed
many debates. Citizens watched the trial,
heard the arguments and took positions not
necessarily for or against Corona but for
or against the observance of due process.
We appreciated high drama, petty quarrels,
even light momentsall in the name of
getting to know the kind of people we
elected into ofce. And we will not forget.
Most importantly, Filipinos were able to
discern that the attention we all gave to the
impeachment trial is disproportionate to the
issues we must have been guarding all this
time: the progress of key legislation, the
attainment of revenue targets, economic
growth,the easing of unemployment.
The verdict on Corona may be out
soon. The one on the nationon how
well we were able to move on to the more
universally consequential thingswill
take a while to gure out.
Something to think about
Finally, a verdict
EDITORIAL
Convict or acquit?
THIS piece was written before I heard
the closing arguments of both the
prosecution and defense.
So should the impeachment court
convict or acquit Chief Justice Renato
Corona?
I expected a heavy anti-Corona
sentiment. However, at least on Twitter
where people are most vocal and
critical, it seems that the acquit side
is not that small after all. Many are
people I personally know who have no
connections whatsoever with the chief
justice. They have keenly followed the
impeachment case with an open mind.
The convict side is bigger but
mainly composed of those who have
consistently been anti-Corona from the
beginning of the case. A change in their
positions would have been surprising.
As pointed out by Senator-Judge
Miriam Defensor-Santiago, her reading
of the Constitution is such that the Senate
impeachment courts decision may not
be limited to removal from ofce or
acquit. Between the two extremes, the
court may also opt to convict without
unseating Corona.
Sixteen votes are needed to remove
the chief justice. Abstaining, an option
open to senator-judges, will be a big
blow to the convict side.
Repeatedly, its been said that the
impeachment trial is a quasi-judicial,
quasi- political process and political
considerations will come into play
in senator-judges decisions. These
considerations, observers think, favor the
call for conviction.
Repeatedly, I have said that I stand for a
credible process and for justice to be meted
out whatever the judgment may be.
For its entire duration, this trial has
been my religion. I watched almost all the
sessions, intently listened to everything
said, and read whatever I could put my
hands on from all sides of the issue.
So, as far as I am concerned, what has
the prosecution proven?
Not the alleged 45 properties, which
were revealed to be pure propaganda.
Not the evidence from the small
lady and the magic gate which, at
most showed that the prosecution was
willing enough to bend laws to get a
conviction.
Not the 82 bank accounts and $10
million - $18 million owned by the chief
justice as alleged by the Ombudsman.
The prosecutions refusal to use the
waiver issued by Corona, after months
of demanding for it over the media is
puzzling. Opening his accounts would
have established unassailable facts.
The prosecution said that the waiver
has become unnecessary because they
already have a strong case. Even granting
them this, why completely disregard the
chance to prove your case beyond doubt?
BUT, what works for the prosecution is
Coronas admission that he did NOT declare
in his Statements of Assets, Liabilities and
Net Worth his dollar accounts.
Is this impeachable? Is this enough to
remove him from ofce?
Is the chief justices explanation on how he
managed to own $2.4 million of commingled
funds and his interpretation of the law
on foreign currency deposits absolute
condentiality provision acceptable to and
enough for the court to acquit him?
Is Corona as clean as claimed?
I think that the chief justice is NOT
a saint. Neither is he a pushover, or a
fool.
Corona should have declared
his dollars, converted into pesos,
in his SALN. That is what a truly
accountable and transparent ofcial
would have done. I expect this from one
in his position. That such is not done by
others should not be an excuse.
That he issued the unconditional
waiver even if prosecution ignored it is a
big point in his favor. As previously said
by his detractors, issue the waiver if you
have nothing to hide!
And the chief justice is quite smart in
pointing out an important loophole/conict
in our laws and used this to the hilt.
The absolute condentiality
provision of the law on foreign currency
deposits is in conict with the SALN
law. Really, the fault lies in Congress
that enacts our laws. Should the chief
justice be removed from ofce over the
shortcoming of his accusers and judges?
Beyond political considerations,
Senator-Judge Chiz Escudero clearly
said, and I agree with him, that this has
now become a legal question. It is now
up to the 23 senator-judges.
Convict or acquit? As a citizen, I posit
that the chief justice cannot be acquitted.
He should be convicted but not removed
from ofce. A strong censure should be
meted out also to send a stern message to
other ofcials.
Having said this, Iand all of us
should respect whatever verdict is
handed down by the impeachment court.
Let us continue to build our nation.
eangsioco@yahoo.com and @
bethangsioco on Twitter
A VERDICT on impeached Chief
Justice Renato Corona is expected
from the Senate today. If this was a
real court of law, presided over by
judges who understood it, the decision
should be unequivocally for acquittal.
But this is not a real court and
the judges are not mindful only of
dispensing justice and the proper
and judicious
interpretation of
the law. At the
end of the day,
this is a political
exercise with
the trappings of
legality.
And that is
what makes
for all the
uncert ai nt y
and, ironically,
of the certainty
on both sides,
as well. We
shall see how
that works out.
* * *
Both the prosecution and the
defense in the trial of impeached
Chief Justice Renato Corona have
presented their closing statements to
the Senate. It is quite possible that the
eloquent (and not-so-eloquent) nal
arguments stated by both sides could
still have swayed the senators who
will judge the chief justicebut that
is highly unlikely.
My own long-held belief is that
the 23 senators who will decide the
fate of Corona have for some time
now already decided that he is either
guilty or innocent. Even those who
have very publicly stated that they
were still trying to discern the truth
or falsity of the charges against the
chief justice at this late date have, in
my view, already made up their minds
long ago.
And people who have watched the
ve-month trial with any regularity
have a fair idea of which way the
judges will vote, as well. It does not
take a genius to see that the allies
of the prime mover of Coronas
impeachment, President Noynoy
Aquino, will vote to convict and those
who do not agree with Malacaang
will probably vote to acquit.
This is the essence, after all, of
the thoroughly political exercise of
impeachment: the senators, who are
not for the most part trained jurists
or even lawyers, cannot really be
expected to weigh the case purely on
its legal merits. Its safe to say that
they have embraced the non-legal
aspects of the case and that they will
vote depending on purely political
considerations.
As both sides have said, at various
points in the trial, have reminded
us, the impeachment trial is only a
quasi-judicial exercise and that the
rules of court and evidence only
apply supplitorily to this unique (or
sui generis) proceedings. The judges
in this case, having already made
up their minds almost from the get-
goor until their own personal and
individual requirements so that they
can decide as they see tonly
sought to justify their eventual vote
using whatever means they have to do
the justication.
Understand, the decision-making
process is not only informed by
whatever personal benet they may
derive individually in exchange for
their vote in the short term but also in
the long term. The senators may deny
that they will vote based on personal
interest; but they are politicians,
after all, who can be relied upon to
vote according
to personal
i n t e r e s t ,
whatever they
interpret this to
be.
It may be
as exalted as
a legacy or a
place in history
that the more
hi gh- mi nded
among the
senators may
be seeking.
It could be
as craven as
i n g r a t i a t i n g
themselves to the powers that be in
exchange for some more immediate
and more tangible benet.
We shall nd out later today where
the senators believed their personal
interestsboth the high-minded and
the cravenlie. Unfortunately, we
shall never know what those interests
are.
* * *
But the people are not relegated
to passive viewers in the Corona
impeachment case, even if it is to
be decided solely by the senators
who stand in judgment of the top
magistrate. Aquino, his ofcials, the
members of Congress in both the
Senate and in the House, are also on
trial here, after all, with the people as
their judge.
Aquino himself has been put on
trial and may even be impeached
afterwards. His ofcials may be
removed by the pressure that could be
brought to bear upon them.
The lawmakers face virtual
impeachment in the elections, both
the one that will be held less than a
year from now and the ones that will
take place in the years ahead. And
they will, if the people so desire,
held to the same grilling that Corona
underwent, especially when it comes
to their amassing of personal wealth
and traditional refusal to declare it.
The trial will not end when
judgment on Corona is passed,
whatever verdict is handed down by
the Senate. It should continue long
after and cover every public ofcial in
whatever branch of government where
the people demand accountability,
honesty and proper conduct.
Perhaps some good will come
out of this whole political telenovela
that has gripped the nation for so
long and which has been the object
of the exertions of the Aquino
administration throughout. Perhaps
after this we will see a government
that is less corruptible and inuenced
by external political inuences.
Perhaps. But that is not very likely.
JOJO
A. ROBLES
LOWDOWN
ROLANDO G. ESTABILLO Publisher
RAMONCHITO L. TOMELDAN Managing Editor
CHIN WONG/ RAY S. EANO Associate Editors
RALEIGH J. JALECO News Editor
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TODAY
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At the end of
the day, this is a
political exercise
with the trappings
of legality.
ELIZABETH
ANGSIOCO
POWER POINT
GARY
OLIVAR
BYPASS
Mr. Olivars column will resume next
week.
A5 Opinion Adelle Chua, Editor
ManilaStandardToday
mst.lettertotheeditor@gmail.com
INSIDERS claim that as of today, when
the 23 senator-judges are expected to
vote on the impeachment trial of Chief
Justice Renato Corona, there are already
13 who are ready to convict him, and
seven who are for his acquittal.
Note that 16 votes are needed to
convict and eight are needed to acquit.
Just who will cast the deciding vote
is a matter of speculation. However,
if theres an abstention, or one of
the senator-
judges decides
not to show up
altogether, the
equation will
change. Then,
only seven will be
needed to acquit.
Santa Banana,
that is how the
cookie crumbles!
I am certain
that the Liberal
Party members
and other allies of
the President will
convict the chief
justice. They
are Senators Franklin Drilon, Francis
Pangilinan, TG Guingona, Serge
Osmena, Ralph Recto and Antonio
Trillanes. From Day One, they have
made up their minds to vote in favor of
the President. Thats six.
Senator Panlo Lacson, another
Aquino ally, will also convict. Thats
seven.
Take note that the impeachment
trial of Corona is quasi-judicial and
quasi-political, simply because the
senator-judges are politicians. As we
have seen, the trial is mainly political
in nature.
On the other hand, I think the
following will rely on evidence:
Senate President and Presiding Judge
Juan Ponce Enrile, Senator Miriam
Defensor Santiago, who will soon go to
the International Criminal Court at The
Hague, and Senator Joker Arroyo, who
has a legacy to protect.
I do not know yet how Senators
Chiz Escudero, Loren Legarda, Koko
Pimentel, Gregorio Honasan and Tito
Sotto will vote. The rst three have
their political futures to protect. Sotto
and Honasan will surely rely on the
better judgment of Enrile. Senate
President Protempore Jinggoy Estrada
will also likely follow Enrile.
Just how the Cayetano siblings
Alan Peter and Pia would vote is
anybodys guess, as well.
In this impeachment trial, many
factors outside the court could
inuence the voting. The senator-
judges, being politicians, may or may
not be inuenced by these factors.
The biggest factor is President
Benigno Aquino III himself who wants
the chief justice ousted at all costs.
Damn the rule of law.
***
I have been asking myself: If Corona
gets convicted and then ousted, will
that be the end of his persecution?
If he gets acquitted, will President
Aquino stop?
It is likely that if he is convicted, he
will be charged of amassing ill-gotten
wealth. Recall that he revealed that he
had P80 million and $2.4 million in the
banks, commingled peso accounts and
absolutely condential dollar accounts
notwithstanding.
If he gets acquitted, there will
certainly be another impeachment case
to be slapped on him this December. I
dont think the President will stop until
he sees Corona in jail with President
Gloria Arroyo.
Thats what Aquino meant when he
said he was praying for unity, PNoy
style!
***
The Philippine National Police
now has high-prole cases where
outstanding warrants of arrests have
not been served
because the
r e s p o n d e n t s
charged with
various offenses
from murder
to kidnapping
to violation of
human rights are
in hiding, their
wh e r e a b o u t s
u n k n o w n .
Former General
Jovito Palparan,
former Palawan
Gov. Joel Reyes,
and his brother,
Coron Mayor
Mario Reyes, Rep. Ecleo of Dinagat
Island, and Deln Lee are now on the
growing list of VIPs who cannot be
found.
This reects the uselessness of law
enforcement in this country, which
now mainly rests on the shoulders of
Department of the Interior and Local
Government Secretary Jesse Robredo.
What kind of PNP do we have?
There is another case, in reference
to orders from the Department of the
Environment and Natural Resources
and Meycauayan (Bulacan) Mayor
Joan Alarilla, to close down an illegal
establishment that operates as a market.
This establishment does not have the
necessary business, sanitation and
other required licenses. Does its owners
believe they are above the law?
Legitimate market stall owners and
vendors are already complaining that
while they are required to pay taxes
and dues, Fortune Market Poblacion
owned by a certain Mario San Andres
continues to operate despite being
considered illegal.
The DENR had issued a Cease and
Desist Order against Fortune Market
Poblacion after inspection showed it
had no water, no toilets, no facilities
to maintain sanitation. Mayor Alarilla
likewise ordered its closure and refused
to issue a business permit.
Now, read this: The mayor issued a
specic directive to her Chief of Police,
Supt. Hector Samar to close the market.
But, Santa Banana, this order not been
enforced.
I call on Secretary Robredo and
Bulacan provincial police director
Senior Supt. Fernando Mendez Jr. to
explain why the Meycauayan police
chief has not implemented the closure
orders.
Among the complaints against
Fortune Market is that it sells
bocha or double-dead meat. This
is clearly a threat to public health.
Illegal electricity connections have
also been alleged. Perhaps, Meralco
should look into this.
Not the end
for Corona
Its not over yet
ONE thing that surprised me after last
Fridays session was the prosecutions
decision not to cross-examine Chief
Justice Corona and why in particular
they did not take advantage of the
unconditional waiver he gave on
the secrecy of his peso and foreign
currency bank accounts. After months
of trying to prod and baiting the Chief
Justice into doing this, suddenly,
no one seemed interested in those
accounts not the senator-judges
and not even the prosecution. In the
case of the impeachment court, it
is understandable. As previously
articulated by the presiding ofcer, the
impeachment tribunal is not a trier of
facts. Hence, the presentation of this
kind of evidence must be initiated by
either of the contending parties, more
so in this case by the prosecution.
Certainly with the chief justices
testimony, the prosecution gained the
upper hand both factually and legally.
But for added insurance it would have
been better to nail down more facts
regarding those accounts especially the
claim that it was only 2.4 million dollars
in the dollar accounts and the peso
accounts are commingled. It would
have made their case much stronger
if they now invoked the presumption
of ill-gotten wealth, an option they
were afforded by the Senate. Professor
Diane Desierto reminded me of this in a
Facebook post yesterday when she cited
the case of Ombudsman v. Valeroso,
a 2007 unanimous decision by the
Supreme Court, concurred in by then-
Associate Justice Renato C. Corona. In
that case, the Court concluded that since
the non-disclosure in a SALN of assets
and business interest, understood by a
public ofcial, essentially embraced
or comprehended concealment of
unexplained wealth. The SALN
requirement, is a means of preventing
said evil and is aimed particularly
at curtailing and minimizing the
opportunities for ofcial corruption
and maintaining a standard of honesty
in the public service and is a valid
check and balance mechanism to verify
undisclosed properties and wealth.
I hope that the senator-judges do not
base their decision on interpretations
of questions of law. This is because
of the justication made by the chief
justice on why he failed to disclose his
bank accounts. The impeachment court
could decide the case by asking whether
or not Coronas interpretation of the
SALN law (including on commingling
of funds) and the Bank Secrecy Act is
legally correct and whether good faith is
a valid defense. To go this route would
not be prudent as it could open the
door to judicial review by the Supreme
Court. We can safely assume that as a
veteran lawyer and the foremost ofcial
of the judicial institution, and with a
brilliant defense team that should never
be underestimated, the chief justice had
this scenario in mind when he put up his
defense based on legal questions.
My view is that an impeachment
courts verdict is not reviewable. But
one cannot predict what the Court will
do. Certainly, it can be argued that
resolving questions of law, even in
impeachment cases, remain within the
province of the Supreme Court as that
is essentially the function of the judicial
department. For sure, the case of
Francisco v. House of Representatives
(the Davide case thrown out for
violating the one-year rule) will be cited
to justify Supreme Court intervention
even if that case had a different set
of facts. The irony will not be lost on
those of us who are familiar with the
Francisco case as it was penned by then
Justice Carpio-Morales. What an irony
for Chief Justice Corona to be saved by
his brethren using the language of his
erstwhile nemesis.
To avoid this scenario, the
impeachment courts decision must be
based on the facts that the trial has pinned
down, which taken together is more than
sufcient to form a conclusion about
the moral tness of the chief justice
to continue in ofce. In particular, the
Senators must make judgments about the
credibility of the chief justice. Do they
believe his story and the defenses he put
up? The safest approach would be for
the senators to specically articulate this
evidence-based rationale in their speeches
(if they decide to explain their votes). A
decision based on moral tness, on the
credibility of a witness, and on evidence
cannot be reviewed by the Supreme Court.
I believe it is an open and shut case
in favor of conviction. But if not framed
properly, the Supreme Court might
intervene and a constitutional crisis
could be in the ofng.
Yes, even if a verdict is reached today
or this week, it looks like impeachment
is not over yet.
E-mail: Tonylavs@gmail.com
Facebook: tlavina@yahoo.com Twitter:
tonylavs
EMIL
P. JURADO
TO THE POINT
DEAN TONY
LA VIA
EAGLE EYES
By Christina Rexrode
THE response from small-time
investors to Facebooks debut as a
public company has been equal parts
frustration, confusion and bitterness.
Fed up, some are dumping their shares
and accepting the losses. Others, while
miffed, are holding on and hoping to
ride the stocks eventual success.
Some blame
themselves for embracing
the hype over a company
whose underlying value
likely didnt merit
the price at which it
went public. But many
accuse Facebook and its
underwriting banks of
setting the price too high
and for trying to sell too
many shares.
Others are pointing
ngers at the Nasdaq
stock exchange for
botching buy and sell
orders on opening day.
Or theyre angry over
brokers who pushed
them to buy.
And others are irked
over reports that Morgan
Stanley, which guided Facebook
through its public debut, told only some
select clients of an analysts negative
report about Facebook before its stock
began trading May 18.
Michael Hines had felt uneasy about
Facebook. He thought the shares were
priced too high, and the excitement
overblownespecially once the
company raised its target price for the
opening two days beforehand. Yet
when the chance arose to buy into the
companys $38-a-share initial public
offering, he seized it.
I gured: Nothing ventured, nothing
gained, said Hines, 61, a retiree and
private investor in Boston.
Now, he wishes hed listened to his
misgivings. Instead, Hines watched
with dismay as the stock languished
on its rst day, then slid on its second.
On Tuesday, determined to unburden
himself of a nagging headache, he sold
his shares at $32.76, taking a loss on
his investment. He declined to say how
many shares hed bought.
I was upset with myself for having
been drawn into it, Hines said. I knew
it was grossly overpriced. I could feel it
a couple of days before.
His son, Brad, also bought shares on
the rst day, at about $40.50, and was
also irritatedwith himself and with the
investment banks that priced the shares.
As the lead underwriter for
Facebooks IPO, Morgan Stanley was
expected to set shares at the highest
price it thinks the market will bear. But
investors have also come to expect that
an initial share price will be low enough
so the stock can climb on the rst day,
when interest typically peaks.
With a good IPO, the investment
banks leave room for the pop, said
Hines, a social media consultant. They
didnt do that in this case.
US companies that have gone public
this year have returned an average of 16
percent on their rst day, according to
Renaissance Capital. And since going
public, those companies are up an
average 13 percent.
Looking back, some individual
investors say they recognize that
Facebooks initial $38 stock price was
too lofty. It was more than 80 times the
companys 2011 earnings per share. The
average for companies in the Standard
& Poors 500 index is far cheaper, about
19 times earnings.
Brad Hines said he was concerned
about the price. He admits to the
classic, amateurish mistake.
I was so worried about missing out
on the big rst-day movement, he said.
Emotions got the better of me.
Unlike his father, the younger Hines
is keeping his shares. He says he might
even buy more if the stock keeps falling.
Among those who blame their
brokers is Joshua Freeman, who said he
bought 200 shares in the IPO after his
broker at Morgan Stanley Smith Barney
asked if he wanted in.
For him to call me and solicit me,
and then for things to go so spectacularly
stupidly, why am I paying him 1 percent
of my money under management? said
Freeman, 51, an information technology
professional in New York. If there is
any allegiance here, he looks at where
his bread and butter comes from, and
its more on the Morgan Stanley side
than the individual investor.
Freeman says hes considering
closing his account at Morgan Stanley.
Morgan Stanley disputes the
allegations.
We have clearly put clients interests
rst by correcting pricing on some
trades that were mispriced because of
trading glitches beyond our control,
the company said in a statement.
Joe Gordon of Gordon Asset
Management near Raleigh, North
Carolina, says one of his clients insisted
on buying 1,000 shares at $42. On
Monday, in a t of disgust, the client
sold them at $33.
He decided it was worth a gamble
Friday and a stupid decision Monday,
Gordon said. His comment was, Thats
the last time I ever listen to a bunch of
know-it-alls at a cocktail party.
Before Facebooks public
debut, some investors were
considering what to do if
the stock price doubled the
rst day. Instead, it closed
a paltry 23 cents higher. It
tumbled $7.23 the next two
days. A week later, it still
hasnt begun to recover. It
closed Friday at 31.91, down
3.4 percent on the day and
16 percent below its initial
price.
One problem was that
rst-day trading glitches on
the Nasdaq stock exchange
botched some investors
trades. And in lawsuits,
Morgan Stanley is accused
of sharing negative analyst
reports about the company
with a few favored clients.
Such allegations reinforce suspicions
that Wall Street is stacked against the small
investor. Investors have led lawsuits, and
lawmakers are opening inquiries.
By weeks end, investors were
shorting nearly 9 percent of Facebook
shares available to the public, according
to Data Explorers, which tracks stock
lending. In shorting the stock, theyre
betting that the price will fall.
Ken Freeze, who bought 25 shares
on the rst day at $40.99, was upset
by the allegations of Morgan Stanley
selectively sharing research ahead of the
IPO. But it wasnt enough to make him
want to sell Facebook. If the playing
eld on Wall Street is tilted against the
small investor, he gures, its still the
only one available to him.
The Morgan Stanley allegations just
conrm what a lot of investors already
suspect, said Freeze, 55, who works in
public relations in Martinez, California.
He plans to keep his shares, in part
because hes still kicking himself for
missing out on Googles public offering
in 2004.
Id rather have my foot in the door and
get it squished a little bit, Freeze said, than
not have my foot in the door at all.
But others who missed out on the
offering say theyre the fortunate ones.
Stefan Pinto expected a rich rst-day
prot. He planned to buy 100 shares at the
$38 initial pricing, then dump them once
they hit $70. But his online brokerage told
him he didnt qualify for the offering.
Now, I feel bad for the people
who got in, said Pinto, a Los Angeles
resident. At rst, I was kind of annoyed,
but I t hink t he uni verse pr otected me.
AP
Embittered Facebook
investors ponder next move
MAIL MATTERS
I am both flattered and humbled by the
very generous commentary in your editorial
entitled Man of the Hour today [May 24]
regarding my conduct as presiding officer of
the impeachment court in the trial of Chief
Justice Renato Corona.
As I have repeatedly said, we, the members of
the Senate, did not choose to sit as senator-judges
in this impeachment trial. The mandate for us to
do so is provided for in Article XI of the 1987
Constitution that governs the accountability of
public officials.
That mandate also requires that we conduct the
trial with complete probity, political impartiality and, to my mind, a deep-
seated knowledge and consciousness that we must ensure a positive public
perception on the integrity of the entire process.
Your kind words will certainly inspire me to work harder and will serve
as a reminder to all senators that as long as we remain fair and rm in our
actuations as senator-judges, we will never go wrong.
Be assured that we will always take seriously our pledge to uphold the
national interest over our petty personal differences and work together to
uphold, maintain and preserve the condence of the Filipino people in our
democratic system of government and its institutions.
Gusto ko happy ang Filipino people.
JUAN PONCE ENRILE
Senate President
A happy people
President
Aquino will not
stop until he sees
Corona in jail with
former President
Arroyo.
News
ManilaStandardToday
mst.daydesk@gmail.com MAY 29, 2012 TUESDAY
A6

IN BRIEF
Workers ght city hall
Squatters vacate Jusmag land in Taguig
No family feud in land case, RJ insists
PH, China cops bust cyber-crime syndicate
In a 22-page petition for mandamus
led on Wednesday last week, the
petitioners urged the Manila Regional
Trial Court to order respondents
city budget ofcer-in-charge Heidi
Rosero and ofcer-in-charge Marissa
S. De Guzman of the City Treasurers
Ofce to pay their salaries.
Indeed, considering that the
foregoing duties and responsibilities
of respondents are purely ministerial
in nature, their unlawful neglect
to perform a duty which the law
specically enjoins them to do
resulting from an ofce, trust or
station is a ground for the issuance
of a writ of mandamus, the petition
read.
The petition, led through lawyer
Venus N. Lladoc, noted the petitioners
consist of two groups employed by
the different Manila city councilors
and the Ofce of the Vice-Mayor.
One group comprise of casual
employees engaged as administrative
aides of the city councilors and the
vice mayor while the others are
consultants or researchers assisting
By Macon Ramos-Araneta
SIXTEEN complainants, representing the 789
workers of the Manila City Hall who have not
been paid their salaries since April 1, have
asked the court to compel two city ofcials
to release the funds for the payment of their
wages.
the city councilors in their legislative
functions.
The casual employees were hired
from January 1, 2012 up to December
31, 2012 with monthly salaries of
P7,575 each while the consultants and
researchers were engaged through
valid contracts from January 1, 2012
for monthly fees ranging from P5,000
to P15,000.
The petitioners are also the
duly authorized representatives of
other similarly-situated employees.
However, it was impracticable to
sign the petition because of their
number.
The workers were hired, appointed
and contracted by the Vice Mayor
based on his inherent power to
appoint all ofcials and employees
of the Sangguniang Panlungsod.
The petition also noted the salaries,
wages, fees, and other remunerations
of petitioners are funded under the
approved City Ordinance No. 8263,
or the citys annual budget for 2012.
On or before April 15 and April
30 this year, the petitioners salaries
were prepared by the City Council
and approved for payment by the
Vice Mayor, but payments were not
released for unclear reasons.
The petitioners, through their
lawyer, sent a formal written demand
to the City Treasurers Ofce on May
8, 2012, but they still remain unpaid.
Manila Councilor Ernesto Isip
Jr., ofcial spokesperson of the city
council, called on Manila Mayor
Alfredo Lim to stop using the
Commission on Audit as a scapegoat
for their failure to pay the salaries of
city hall workers.
He pointed out COA never directed
the Manila city government not to
pay the salaries of their workers,
the commission asked Lim to justify
the overpayment of P1 billion for
personal services in 2011.
Yet, Isip said, Lim came out with
Executive Order No. 15, ordering a
lay-off of city hall workers, 50 percent
from the city council and 30 percent
from the executive department.
AUCTI ON SALE
ACME PAWNSHOP - 1
st
Level Glorietta 3 Ayala,
Makati and its branches in
Mejalco Bldg., Buenavidez
St., Legaspi Village, Makati
and L & R Bldg., Pasay
Road, Makati auction sale
on June 04, 2012; 2:00
pm Alabang Town Center,
Alabang Zapote Road, MJ
Holding Bldg., Almanza,
Las Pias Acme Bldg.,
Real St., Las Pias Acme
Pawnshop Inc. G/F San
Bartolome Church Bldg.,
Malabon City, at 1:30 pm;
Unit 3 Parklea Bldg., Edsa,
Shaw Blvd., Mandaluyong
City, Circle C G14, # 17
Congressional Ave., Bahay
Toro, D1, Quezon City at
2:30pm. All items pawned
December 16, 2011 to
January 15, 2012. Sons of
Lanuza auctioneer.
(MST-May 29, 2012)
Republic of the Philippines
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
Mabini Campus, Sta. Mesa, Manila
INVITATION TO BID FOR Supply of Janitorial Services
(MST-May 29, 2012)
The Polytechnic University of the Philippines, through its 2012 General and
Special Trust Funds intends to apply the sum of Fourteen Million Two Hundred
Fifty-Six Thousand Two Hundred Fifty Pesos and Eighty-Six Centavos
(Php. 14,256,250.86) being the Approved Budget for the Contract (ABC) to
payments under the contract for Supply of Janitorial Services. Bids received in
excess of the ABC shall be automatically rejected at bid opening.
The Polytechnic University now invites bids for the Supply of Janitorial Services
with 144 janitors and 8 supervisors. Bidders should have completed, within
three years from the date of submission and receipt of bids, a contract similar
to the Project. The description of an eligible bidder is contained in the Bidding
Documents, particularly, in Section II, Instructions to Bidders.
Bidding will be conducted through open competitive bidding procedures using
a non-discretionary pass/fail criterion as specifed in the Implementing Rules
and Regulations (IRR) of Republic Act (RA) 9184, otherwise known as the
Government Procurement Reform Act.
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.
Interested bidders may obtain further information from the Polytechnic University
of the Philippines and inspect the Bidding Documents at the address given below
during 8:00 am to 5:00 pm.
A complete set of Bidding Documents may be purchased by interested Bidders
on May 25 to June 18, 2012 from the address below and upon payment of a
nonrefundable fee for the Bidding Documents in the amount of ten thousand
pesos (Php 10,000.00).
The Polytechnic University of the Philippines will hold a Pre-Bid Conference on
June 05, 2:00 pm at Dr. Mateo Conference Room, 2
nd
foor, South Wing, Main
Building, Mabini Campus, Sta. Mesa, Manila which shall be open only to all
interested parties who have purchased the Bidding Documents.
Bids must be delivered to the address below on or before June 19, 1:30 pm. All
Bids must be accompanied by a bid security in any of the acceptable forms and
in the amount stated in ITB Clause.
Bid opening shall be on June 19, 2:00 pm at Dr. Mateo Conference Room. Bids
will be opened in the presence of the Bidders representatives who choose to
attend at the said venue. Late bids shall not be accepted.
The Polytechnic University of the Philippines 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.
For further information, please refer to:
Engr. Antonio Y. Velasco
Bids and Awards Committee
3
rd
foor, South Wing, Main Building, Mabini Campus, Sta. Mesa, Manila
7167832 local 397
Approved by:
(Sgd) Atty. Estelita Wi-Dela Rosa
Chairman
AUCTI ON SALE
ACME PAWNSHOP - 1
st
Level Glorietta 3 Ayala,
Makati and its branches in
Mejalco Bldg., Buenavidez
St., Legaspi Village, Makati
and L & R Bldg., Pasay
Road, Makati auction sale
on June 04, 2012; 2:00
pm Alabang Town Center,
Alabang Zapote Road, MJ
Holding Bldg., Almanza,
Las Pias Acme Bldg.,
Real St., Las Pias Acme
Pawnshop Inc. G/F San
Bartolome Church Bldg.,
Malabon City, at 1:30 pm;
Unit 3 Parklea Bldg., Edsa,
Shaw Blvd., Mandaluyong
City, Circle C G14, # 17
Congressional Ave., Bahay
Toro, D1, Quezon City at
2:30pm. All items pawned
December 16, 2011 to
January 15, 2012. Sons of
Lanuza auctioneer.
(MST-May 29, 2012)
POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
Mabini Campus, Sta. Mesa, Manila
INVITATION TO BID FOR Supply of Janitorial Services
(MST-May 29, 2012)
The Polytechnic University of the Philippines, through its 2012 General and
Special Trust Funds intends to apply the sum of Fourteen Million Two Hundred
Fifty-Six Thousand Two Hundred Fifty Pesos and Eighty-Six Centavos
(Php. 14,256,250.86) being the Approved Budget for the Contract (ABC) to
payments under the contract for Supply of Janitorial Services. Bids received in
excess of the ABC shall be automatically rejected at bid opening.
The Polytechnic University now invites bids for the Supply of Janitorial Services
with 144 janitors and 8 supervisors. Bidders should have completed, within
three years from the date of submission and receipt of bids, a contract similar
to the Project. The description of an eligible bidder is contained in the Bidding
Documents, particularly, in Section II, Instructions to Bidders.
Bidding will be conducted through open competitive bidding procedures using
a non-discretionary pass/fail criterion as specifed in the Implementing Rules
and Regulations (IRR) of Republic Act (RA) 9184, otherwise known as the
Government Procurement Reform Act.
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.
Interested bidders may obtain further information from the Polytechnic University
of the Philippines and inspect the Bidding Documents at the address given below
during 8:00 am to 5:00 pm.
A complete set of Bidding Documents may be purchased by interested Bidders
on May 25 to June 18, 2012 from the address below and upon payment of a
nonrefundable fee for the Bidding Documents in the amount of ten thousand
pesos (Php 10,000.00).
The Polytechnic University of the Philippines will hold a Pre-Bid Conference on
June 05, 2:00 pm at Dr. Mateo Conference Room, 2
nd
foor, South Wing, Main
Building, Mabini Campus, Sta. Mesa, Manila which shall be open only to all
interested parties who have purchased the Bidding Documents.
Bids must be delivered to the address below on or before June 19, 1:30 pm. All
Bids must be accompanied by a bid security in any of the acceptable forms and
in the amount stated in ITB Clause.
Bid opening shall be on June 19, 2:00 pm at Dr. Mateo Conference Room. Bids
will be opened in the presence of the Bidders representatives who choose to
attend at the said venue. Late bids shall not be accepted.
The Polytechnic University of the Philippines 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.
For further information, please refer to:
Engr. Antonio Y. Velasco
Bids and Awards Committee
3
rd
foor, South Wing, Main Building, Mabini Campus, Sta. Mesa, Manila
7167832 local 397
Approved by:
(Sgd) Atty. Estelita Wi-Dela Rosa
Chairman
By Julito G. Rada
STATE-RUN Bases Conversion
and Development Authority said
277 families illegally-occupying
the BCDAs Jusmag property
in Taguig City have already
opted to voluntarily vacate the
land and avail of the relocation
program being offered by the
government.
The 277 families represent 92
percent of the 300 informal settler
families who are occupying the
Jusmag area, BCDA president
and chief executive Arnel Paciano
Casanova said on Monday.
Casanova said 108 families
have already voluntarily vacated
the area with 63 families opting
for outright cash while 42 families
chose to relocate in the National
Housing Authority relocation
site in Rodriguez, Rizal. Three
families were disqualied but
opted to voluntarily dismantle
their structures.
The relocation program
presented to the informal settlers
is considered one of the best
relocation programs so far offered
to informal settlers, Casanova
said.
He said the relocation package
consists of cash equivalent to the
value of their respective houses
as assessed by the Taguig City
assessors ofce, plus a cash
incentive which the resettlers
can use as start-up capital for any
livelihood project they may set
up in their new community.
He said the new community
in Rodriguez, Rizal is an
ideal resettlement site for the
informal settlers because the site
is complete with utilities and
amenities, and is near schools,
churches, a market and hospital.
We want our development
in Jusmag to be reective of
inclusive development where
the lives of the informal sector
are uplifted and given dignity,
Casanova said.
The relocation project
was coordinated with the
local government of Taguig,
Presidential Commission for
the Urban Poor, Commission
on Human Rights, Housing and
Urban Development Coordinating
Council, and National Housing
Authority.
Meanwhile, the military
announced over the weekend
that the P700 million it received
from the BCDA has been used to
construct 12 building with 192
condo-type units for soldiers that
are located in Fort Bonifacio and
the Villamor Air base.
Military spokesman Col.
Arnulfo Marcelo Burgos Jr. said
two buildings, with a total of
32 units, are located within the
retention area of the Philippine
Air Force in Villamor Air Base
while ten buildings, comprising
160 units, are located in Fort
Bonifacio.
The BCDA turned over last
week 32 newly-completed
condominium-type units to Army
soldiers and their families.
The provision of decent
shelters to our brave men is
expected to motivate them while
being in pursuit of giving service
to the nation and to fellow
Filipinos, Casanova said.
With Florante Solmerin
Busted. Suspected members of a Chinese cyber-crime syndicate are brought out of their rented house in
Paraaque City after policemen from the Philippines and China swooped down on their hideout on Saturday.
MANNY PALMERO
By Florante Solmerin
WHILE diplomats from Manila and Beijing were
exchanging heated words over the two capi-
tals conicting claims in the West Philippine
Sea, the Philippine National Police arrested 37 C
hinese nationals in neighboring subdivisions in
Paraaque City at the weekend at the instance of
Chinese cops who traced their compatriots who
were members of a cyber-crime syndicate.
In separate raids of their rented houses in neigh-
boring subdivisions in Paraaque City at the week-
end, Chief Supt. Samuel Pagdilao, director of the
Criminal Investigation and Detection Group, said
operatives conscated computers, mobile phones
and other telecommunication equipment in their
early morning raids in Better Living Subdivision
and Multinational Village.
Chinese police, who sought our help to bust the
syndicate, accompanied us in the raid, Pagdilao said.
Using the Internet, the syndicate introduce them-
selves as policemen, telling
a prospective Chinese victim
that his or her bank account is
used for money laundering and
terrorist funding activities.
The syndicate orders the
victim to transfer his money
to a safe account that they
provide. Many of their vic-
tims comply out of fear.
Pagdilao said the syn-
dicate was active in China
since 2007 but they trans-
fered their base of operations
to the Philippines in 2010.
He said Chinese police
operatives traced their Inter-
net Protocol address to the
Philippines and went hot on
their heels.
The 15-member delegation, led by Major Zhou
Tian Ping of the Wu Xi City police department, ap-
peared at our CIDG headquarters in Camp Crame
two weeks ago to seek our help in neutralizing the
syndicate, Pagdilao said.
He said they launched the raids after Judge
Mariano de la Cruz of the Regional Trial Court of
Manila issued a search warrant.
Pagdilao said that while police authorities oper-
ate within the limits of their territories, criminals
respect no law or boundaries.
Only an excellent and professional working
relationship among foreign law enforcement agen-
cies can offset this limitation. The successful neu-
tralization of the international syndicate highlights
this professional partnership and excellent work-
ing relationship of the PNP and its counterparts
from China, he stressed.
By Rio N. Araja
MUSICIAN and businessman Ramon Ja-
cinto maintained on Monday that the charges
he led against his sister did not stem from
a family feud as he purportedly claims,
but her attempt to grab P300-million land in
Quezon City that rightfully belongs to him.
The plaintiff (Ramon) is the absolute
owner of the three parcels of land subject to
this suit, he said, arguing that his siblings
Jose Maria and Marilene, the ex-wife of
deceased congressman Ignacio Arroyo, pre-
sented a fake deed of absolute sale so they
could sell the property for P14.6 million.
According to records from the Philippine
Consulate General Ofce in Hawaii, the trans-
action says Jose Maria sold a 1,071-square-
meter lot, a 4,279-square-meter lot, and an-
other 5,350-square meter lot in Pasong Putik
village in Novaliches near SM Fairview to
Marilene for P14.6 million while they were
both in Honolulu on June 17, 2008.
Because of the alleged fraud, Ramon led
charges of falsication of public documents
and use of falsied documents for which
Quezon City Regional Trial Court Branch
31 Judge issued a warrant of arrest against
Marilene.
Apart from the criminal suit led, Ramon
also led a civil suit before another Quezon
City court and impleaded the citys Register
of Deeds for the transfer of his properties to
the name of Marilene.
Ramon, through his lawyers Ernesto
Maceda Jr. and Michael John Humarang
of the Maceda & Maceda Law Ofce, also
urged QCRTC Branch 99 Judge Ma. Victoria
Alba-Estoesta to nullify the transfer of cer-
ticates of titles issued to Marilene.
He also asked Marilene to indemnify him
P200,000 for actual damages, P500,000 for
moral damages, P500,000 for exemplary
damages, attorneys fees of P200,000 and the
costs of litigation.
Ramon asked the court to declare Marilene
in default for her repeated failure to show up
and answer the charges despite summonses.
The reglementary period for Marilene to le
an answer or a motion for an extension had
also lapsed, he said.
To date, Marilene has never shown up.
She has been giving the court wrong address-
es. The one in San Lorenzo Village is owned
by her daughter Tina Tantoco, Ramon said,
referring to the summons the court had earlier
served. I believe she is still in the country.
But the warrant has yet to be served be-
cause Marilene no longer lives in San Lorenzo
Village in Makati, her last known address.
Rename sewage project,
Tolentino tells water rm
THE Metro Manila Development
Authority on Monday said the Manila
Water Co. Inc. will be desecrating the
Libingan ng mga Bayani in Makati City
if it does not rename one of its sewage
treatment projects.
Chairman Francis Tolentino told the
East Zone concessionaire to change the
name of its project inside the compound
of the Libingan ng mga Bayani.
Let us not desecrate our heroes
and the veterans, he told the Manila
Standard. The water concessionaire is
naming its project as Libingan ng mga
Bayani sewage treatment facility. I just
cannot allow such a desecration.
Although the project is inside the
national heroes cemetery, the water
rm should also be sensitive to the
implications of naming a sewage facility
after people who laid their lives for their
country. Rio N. Araja
Indonesian drug courier
nabbed with P15m shabu
AN Indonesian national was arrested by
combined Philippine Drug Enforcement
Agency and Customs agents, for
allegedly carrying P15 million worth of
shabu Sunday night.
PDEA chief Jose Gutierrez Jr.
said the Indonesian was identied as
Francesca Jovan, who came from Hong
Kong, was about to leave the Ninoy
Aquino International Airport when she
was blocked by the arresting team at the
Customs Inspection Area.
Lawmen found 3.73 kilos of shabu
under a false bottom of her luggage,
Gutierrez said, adding that they were
tipped off by Indonesian authorities.
Aside from shabu, also conscated
from Jovan were an undetermined
amount of cash in Philippine peso and
other currencies. Jonathan Fernandez
52 Manila dormitories
cited for re hazards
THE Bureau of Fire Protection has
found 52 student dormitories and
boarding houses violated re safety
requirements and was told to correct
their their violations within a certain
period, according to Metro Manila re
chief Santiago Laguna.
Laguna refused to name the
establishments, but said many of them
are located in Manila where most student
dormitories and boarding houses are
situated because of many universities
there.
The BFP ofcial also advised students
to ask the owners of their dormitories
if they have a re safety inspection
certicate so that they can be sure that
the dormitories and boarding houses are
safe from re. Jonathan Fernandez
IN BRIEF
Lee named best player
Gems seek seminals
Busy PSA Forum today
RAIN or Shines prized rookie Paul Lee is
back to the ery ways he started the season
with, this time helping his team notch back-to-
back wins and earning for himself the Accel-
Philippine Basketball Association Press Corps
Player of the Week honors for the extended
period May 20 to 27.
In those victories over Alaska and
Commissioners Cup champion B-MEG, Lee
averaged 17.0 points, 3.5 rebounds and 3.0
assists that helped boost the Elasto Painters
to a share of the early solo leadership with
defending titlist Petron Blaze.
THE Cebuana Lhuillier Gems are determined to
advance to the semi-
nals of the Philip-
pine Basketball As-
sociation D-League
Foundation Cup.
Their coach,
Beaujing Acot, be-
lieves his chargers can get the job done. He
said their 4 p.m. duel against the Bakers on
Tuesday at the Ynares Sports Arena will be no
different from their past games.
Cebuana Lhuillier wound up the elimination
round with a 7-2 mark in a tie with second seed
Big Chill. But the Super Chargers earned a direct
passage in the Final Four on the strength of its
victory against the Gems in the elims.
Blackwater Sports also tries to join Big Chill
and defending champion NLEX in the next
round when it battles RnW Pacic Pipes in the
other quarternal pairing scheduled at 2 oclock.
FOOTBALL, boxing, and baseball make up
for an interesting discussion in todays session
of the Philippine Sportswriters Association
Forum at Shakeys UN Avenue.
Philippine Azkals team manager Dan
Palami heads the guests list in the 10:30
a.m. public sports program to talk about the
squads coming friendly against Malaysia this
weekend in Kuala Lumpur.
Also coming over in the weekly forum
aired live over dzSR Sports Radio 918
and presented by Smart, the Philippine
Amusement and Gaming Corp. and Shakeys,
are Philippine Football Federation secretary
general president Rolly Tulay, Marikina City
mayor Del De Guzman and Vitamilk champ
brand manager Francis Tan, to expound on the
PFF-NCRFA Kasibulan program.
A7 Sports Riera U. Mallari, Editor
ManilaStandardToday
sports_mstandard@yahoo.com
The 17-year-old Bornea, the elder
of twins in the games, held his ground
against Zamboangas Alvin Cantao in the
49-kilogram light-yweight category at the
Ninoy Aquino Stadium in Malate Manila.
He prevailed over Cantao via a referee-
stopped-contest in the last two minutes
and 48 seconds of the rst round.
Bornea will next face Cagayan de Oro
bet Junuel Lacar, who outpointed Jakes
younger brother Jade, 17-12.
It was a stunning loss for the younger
Bornea, who recently claimed the light-
yweight honors in the recent 2012
Palarong Pambansa boxing tournament.
The games are organized by the
POC and PSC and sponsored by Smart
Communications, Summit Mineral Water,
Standard Insurance, TV5, AKTV, 2Go,
Cebu Pacic, Accel, Pocari Sweat, Scratch
It Instant Tama, SM and Puregold.
Meanwhile, Walbert Mendoza snared his
second gold medal in the fencing competitions
over at the Philsports Complex in Pasig City.
Mendoza, who earlier took the top
honors in the mens epee, bagged the gold
in the mens sabre event, after beating
Eric Brando, 15-6.
In other boxing matches, Isagani Llaban
Jr. surprised another General Santos fighter in
Martin Faderagao, 14-4, in the pinweight class.
Samars Lowen Bordeos claimed an RSC
win over Zamboangas Reypee Baton in 1:33
of the second round to advance to the next
Pacmans ward
hogs spotlight
By Peter Atencio
JAKE Bornea, one of three amateur ghters the world
champion Manny Pacquiao is supporting, survived a day
of heartbreaks involving aspirants from General Santos
City Monday at the start of the boxing competitions of the
2012 Philippine Olympic Committee-Philippine Sports
Commission National Games.
Experience will trump youth
IT will be a battle between youth
and athleticism against experience
and gulang in both the Eastern and
Western Conference Finals of the
National Basketball Association when
the aging Boston Celtics battle the
Miami Heat and the equally ancient
San Antonio Spurs clash against
the youngsters of Oklahoma City
Thunder.
For most NBA basketball
players, being in their mid 30s
mean youre already retired or
riding the far end of the bench on
the tailend of a long-term contract
you extracted, while you were at
the peak of your powers.
For Kevin Garnett, Paul Pierce and
Ray Allen, it means making a deep
run into the playoffs (specically the
Eastern Conference Finals) against
the consensus best team in the league
the past two seasons.
Both the Celtics and Spurs are
older and slower. But they win
games through defense. The Celtics
defeated the Atlanta Hawks in the
rst round and the Philadelphia 76ers
in the second round. Coincidentally,
Boston is the top defensive team in
terms of points allowed per game.
Numbers 4 and 5 are the selfsame
Hawks and Sixers. The number 2
team? The Heat.
Oh, and dont write off the San
Antonio Spurs either. Before their
confrontation started, most experts
predicted an Oklahoma City series
victory. Look at the Spurs now. They
just tallied an NBA record-tying
mark for the longest winning streak
in the playoffs with their 101-98 win
in Game 1 over the Oklahoma City
Thunder in San Antonio yesterday
morning..
Yes its been 46 days since anybody
beat the Spurs. And the Thunder came
as close as anybody even protecting
a nine-point lead in the nal period.
Then, San Antonio coach Gregg
Popovich coined what will soon
become immortal words: I want
some nasty.
The heat of the game, stuff
comes up, Popovich later said in
REUEL VIDAL
SPORTS CENTER
By Lito Cinco
IN a kayak marathon race, the winner normally
is way ahead of the others at the finish. But in last
Saturdays 22K event of the first leg of the Philippine
Kayaking Series 2012, the top three tandem teams
made it a close fight all the way to the end.
Dragonboat caretakers Jepoy Sison and
Remigio Abrogar, competing for the rst time in
a kayak race, were way ahead of Romeo Castro
and Alexis Atotubo and local entries Oliver de
Lima and Adonis Jacob, going into the nish line.
But the leading tandem lost its way, allowing
the pursuing kayakers to gain. But in the end,
Sison and Abrogar still prevailed, clocking
2:26.39 to win the race.
It was the ght for second place that had the
big crowd on hand excited at the New Ternate
Beach Resort in Cavite with the duo of Atotubo
and Castro edging out the local bets by just three
seconds, clocking 2:27.07 to the third placers
time of 2:27.10.
Basta kami sa gitna lang kami pumwesto
nung karera at binabantayan namin yung mga
locals. Nakauna kami pero naligaw sa palapit
sa nish line kaya nakahabol sila, said Abrogar.
In the 5K Novice race, winners in the event
supported by Cavite Gov. Jonvic Remulla, Vice
Gov. Recto Catimbuhan, Maragondon Mayor
Anthony Andaman and Ternate Mayor Lamber-
to Bambao, the top three nishers were Jazz Bo-
nador and partner Bob Lagan from Drago Pilipi-
nas (15:11), followed by Roderico Apolona and
Fidel Mincay of host Barangay Bucana (15:14)
and Jaime Veras and Randy Sy (16:4), also from
Drago Pilipinas.
Sison, Abrogar fastest in kayak
THE SMRT-Core Grid, an integrated life
enhancement tool designed to enhance ones
performance and decrease the risk of injury,
has taken the local tness industry by storm
with demand growing by the day from gym
operators in hotels, condominiums, resorts
and residential communities.
Just last weekend, over a hundred
participants attended and took part in
a workshop as the global presenter of
Trigger Points revolutionary tness and
conditioning tool called the SMRT-CORE
Grid was conducted by tness guru Jamie
Howell, where she demonstrated how to
use the Grid and discussed its features in an
eight-hour seminar at SMX.
SportFit, the countrys exclusive distributor
of Trigger Point products, including the Grid,
said the workshop was a huge success, which
was participated in by physical therapists,
sports medicine practitioners, strength
and conditioning coaches, podiatrists,
chiropractors, massage therapist, orthopedic
surgeons, sports team executives, head
coaches and athletes.
We were lucky that a tness expert of
Howells caliber came over and shared her
expertise, said Goody Custodio, business
development manager of SportFit Inc., which
organized the workshop.
Fitness buffs get boost
a published report. So I talked to
them about theyve got to get a little
bit uglier, get a little more nasty, play
with more ber and take it to these
guys. Meaning you have to drive it,
you have to shoot it.
So the Spurs did get nasty and put
the upstart Thunder in their place.
Well, actually they barely did. Kevin
Durant had 27 points for the Thunder.
Russell Westbrook added 17.
I shot good shots, made good
passes, Durant said in the same
published report. Unfortunately, we
lost.
It may be too early to call it a battle
of seniors for the NBA Finals with
the Celtics and the Spurs meeting in
the championship. But it sure doesnt
sound all that implausible.
* * *
Okay, this has nothing to do
with sports, but my attention was
absolutely riveted on the live coverage
of the closing arguments of both the
prosecution and the defense on the
impeachment trial of Chief Justice
Renato Corona.
I heard the entirety of the three-part
prosecution closing argument but the
part of Congressman Rodolfo Farias,
who spoke in Filipino everyday slang,
was absolute genius I thought. He
called the defense of Chief Justice
Corona as Palusot.
The defense on the other hand dwelt
on the fact that the prosecution did not
present any evidence of wrongdoing
except that he had a lot of money,
which did not appear on his Statement
of Assets, Liabilities and Networth.
So while I thought the prosecution
knew that they were in an
impeachment trial, the defense
conducted themselves like they were
at a criminal trial. Basically, one side
went to a gun ght with a knife.
Was a I right in my impression?
Well nd out together because the
Senate decides the case today.
* * *
If you want to nd out how I sound
like, please tune in to the two-time
KBP Best Sports Program on the
radio, MBC Sports Center, in our new
time slot 1 to 2 p.m., every Sunday,
over the no. 1 radio network in Asia,
dzRH, 666 on your AM dial.
The same program is simulcast on
RHTV over Channel 25 on Sun Cable
and Channel 9 on Cable Link. Sports
Center can be followed live from
anywhere in the world through the
Internet on http://dzrh.tripod.com and
http://dzrh.prepys.com.
For comments, questions and non-
violent reactions please, send your
e-mail to reuelvidal@ymail.com.
PH Azkals
ready for
friendlies
THE Philippine Azkals national
football team, which concluded
a series of tuneup games in
Bacolod, will have a deeper
bench when it plays series of
friendly matches this week.
Azkals coach Hans Michael
Weiss said this as the nationals
go into more intense preparations
for their coming stint in the
Asean Football Federation-
Suzuki Cup later this year.
We have a bigger pool, where
we can swap players and give
others a chance, said Weiss.
The Azkals are set to have
friendly matches against Malaysia
on June 1 in Kuala Lumpur and
against Indonesia on June 5 in
Manila, before taking on Guam on
June 12 at the Panaad pitch.
They will miss Fil-British
goalie Neil Etheridge and
the Younghusband brothers
Phil and James in their game
against Malaysia due to club
commitments.
In their absence, Weiss will
again be elding in Fil-German
goalie Roland Muller, plus La
Salle varsity standout Patrick
Deyto at the pitch. Fil-German
Stephan Schrock and Denis
Wolf will also see action.
With them around, Weiss
shrugged off any manpower
difculties.
We have a good team
anyway. We will make the best
of the situation and eld in a
good team, said Weiss.
Peter Atencio
AMA Computer University completed a
sweep of Ateneo University to become the
inaugural staging champion of the Seaoil-
NBTC Jr Elite League at the Xavier University
gym over the weekend.
AMA whipped Ateneo, 71-48, in Game 2
a day after handing the Blue Eaglets a 73-63
beating in the series opener of this event backed
by Seaoil and San Miguel Corporations
Purefoods Tender Juicy Hotdog, Star
Margarine and Magnolia Spinner Ice Cream.
Molten is the ofcial ball of the tournament.
Christian Tanedo led the way for AMA
Computer University with 24 points, while
Benjho Maximo contributed 20 markers
built around six three-pointers in this
tournament organized and supervised by
the National Basketball Training Center
for grade school players 12-and-under.
Tanedo emerged as the leagues Most
Outstanding Player in the Finals and made
it all the way to the Mythical rst team,
joining Richmond Sedric King of Chang Kai
Shek, Miguel Alfonso Santos and Ray Rogil
Benedict Carlos of La Salle-Greenhills, and
Xavier Jorvina of Ateneo.
King was adjudged the Most
Outstanding Player of the Season.
AMA Computer captures Seaoil Elite League cage crown
Rosario competes in KL
WHETHER skeet shooter Brian Rosario is
now battle ready for the London Olympics
will be known when he leads the 21-man
Philippine shooting team to the South East
Asian Shooting Championships, which start
this Friday in Kuala Lumpur, Malaysia.
Also taking part in the Kuala Lumput event
are last years silver medalist Jayson Valdez
and bronze medalist Inna Therese Gutierrez.
Also in the team are veteran rie shooter
Emerito Concepcion, Patricio Bernardo,
Gabriel Tong, Eric Ang, Hagen Topacio,
Anson Pena Sy, Miguel Laperal, Ylvana Dy,
Monica Yang, Joelle Panganiban, Frances
Nicole Medina, Amparo Acuna, Celdon Jude
Arellano, Dianne Nicole Eufemio, Shanin
Lyn Gonzalez, Ma. Isabel. Fernandez, Venus
Lovelyn Tan, and Mark Manosca.
Games Tuesday
(Ynares Sports Arena)
2 p.m. RnW Pacific Pipes
vs Blackwater Sports
4p.m. Caf France vs
Cebuana Lhuillier
MEXICAN challenger Felipe Salguero and the two other
foreign ghters seeing action in Saturdays World Boxing
Organization light-yweight championship match featuring
defending champion Donnie Ahas Nietes, are now here in
the country, ready and condent to wage war against their
Filipino counterparts.
Salguero, from Toluca, Mexico, arrived Sunday afternoon
with his trainer Conrado Guerrero Siqueiros and Pedro Mora
Corrales. They arrived on the same KL 807 ight together
with fellow Mexican Genaro Garcia, trainer Sergio Alfredo
Hernandez, and Jesus Arturo Contreras.
Meanwhile, Colombian Jesus Geles came over early last
night along with Alejandro Valdes Herrera, his trainer, and
Osvaldo del Carmen Martinez Beltran.
Salguero (16-2, 11 KOs) is ghting in his rst world title
bout, challenging the 30-year-old Nietes in the major offering
of Pinoy Pride 14 at the Resort World Manila and presented by
ALA Promotions and ABS-CBN Sports.
Photo shows (from left) master trainer Chappy Callanta, tness
expert Jamie Howell of SMRT-CORE, Justin Rossi of International
Sales Trigger Point, and Kenneth Ti, managing director of Sportt Inc.
Foreign boxers arrive
Reizel Buenaventura of Hypersport Team performs her gold-medal winning feat in the pole
vault competition of the 2012 Philippine National Games in Dumaguete City. LINO SANTOS
phase with Camiguins Raymond Dayham.
Samar-Bs Joshua Sambajon survived
a tough encounter with Jose Panagsagan
and won via RSC-H (head injury) in 2:46
of the second round.
In baseball, the national youth team
capitalized on the heroics of pitcher Adrian
Bernardo and teammate Claudio Remollo in
thwarting Angeles University Foundation,
17-0, at the Rizal memorial eld.
Bernardo struck out two, while Remollo
belted out ve RBIs helping the national
youth squad come closer to a seminals
slot in Group A with their 3-2 card.
A8
SMART all-womens taekwondo set
FEMALE jins grab the local
sports spotlight on June 3
with the staging of the 2012
SMART national All-Womens
taekwondo championships at
the Ninoy Aquino Stadium.
Around 600 fighters in three
categoriessenior women,
junior women and grade
school girlsare expected
to vie for honors, according
to organizing committee
chairman Sung Chon Hong.
Members of the national team
pool are also expected to see
action in the event supported by
SMART Communications Inc.,
MVP Sports Foundation, PLDT,
Philippine Sports Commission
and Milo.
This competition gives
veterans as well as upcoming
jins a chance to demonstrate
effective techniques and
styles, said Hong, who
is also vice president of
the Philippine Taekwondo
Association. The exposure
will also help the participants
sharpen their skills, boost
their confidence and improve
their discipline.
PTA afliates and branches
throughout Metro Manila and
the provinces and the different
military services will all be
represented in the day-long
tournament.
One of the top provincial
performers is Phoevi Keith
de Guzman, a mainstay of
the Baguio Defenders, who
sparkled in the recent MVP Best
of the Best championships.
Action starts at 9 a.m.
Sports
Manila Standard TODAY
sports@manilastandardtoday.com sports_mstandard@yahoo.com Riera U. Mallari, Editor
LOTTO RESULTS
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NBA RESULTS
SAN ANTONIOTrailing in the
fourth quarter, Gregg Popovich snarled an
order in the huddle that the NBA Coach
of the Year punctuated with a sharp and
angry sweep of his hand.
I want some nasty!
But truthfully, Popovich was
already getting what he really
wanted: the San Antonio Spurs
nally in a game they might
actually lose.
Popovichs caught-on-camera
nasty command in Game
1 of the Western Conference
nals is likely coming soon to
T-shirts, Internet memes and
the lexicon of the NBA playoffs
for the foreseeable future. But
after beating the Oklahoma City
Thunder 101-98 on Sunday
night for their 19th win in a
row - tying the NBA record for
longest winning streak kept alive
in the playoffs - Popovich wasnt
ustered by the near-loss.
By Ronnie Nathanielsz
MANNY Pacquiaos adviser
Michael Koncz debunked reports
that the Fighter of the Decade
had the u, saying that all the
Filipino champ had was a bum
stomach.
Koncz told the Manila
Standard there was no way
Pacquiao could have been down
with a fever since he sparred 12
rounds on Saturday with three
different sparring partners.
He even looked great in those
sparring sessions, said Koncz,
adding that Pacquiao demonstrated
his speed, footwork and power and
was in ne physical condition. He
is right on schedule and training
camp is going very well.
In a separate interview with the
Manila Standard, strength and
conditioning coach Alex Ariza
said reports that Pacquiao was ill
were not true at all.
When he sparred on Saturday,
Pacquiao looked very good,
said Ariza, who added that the
cramps the pound-for-pound king
suffered in his legs in the past have
completely gone.
Pacquiao himself had said he was
not bothered by them anymore.
Ariza said that sparring is
expected to taper off this week.
Pacquiao defends his World
Boxing Organization welter-
weight title against undefeated
Timothy Bradley at the MGM
Grand Garden Arena on June 9
(June 10 in Manila).
Ariza said Pacquiao was
eating heartily in order to keep
his weight on.
The strength and conditioning
guru, who has been with Team
Pacquiao since Pacquiao demol-
ished World Boxing Council light-
weight champion David Diaz and
through his spectacular victories
over Oscar De La Hoya, Ricky
Hatton, Miguel Cotto and Antonio
Margarito, among others, weighed
between 150 to 152 pounds, which
was just right at this time.
Pacman had bum stomach, not the u
Nasty Spurs stun Thunder
Ateneo,
UST seek
title duel
ATENEO and University of
Santo Tomas try to sweep
t h e i r
F i n a l
F o u r
r i v a l s
today for
a dream
title showdown, but Perpetual
Help and San Sebastian
College go all out to send
their respective series into a
pair of sudden deaths in the
ninth Shakeys V-League
Presented by Smart at The
Arena in San Juan.
The Lady Eagles and the
Tigresses pulled off victories
in varying fashions last Sunday
to move closer to the nals
with the two fancied teams
tipped to further raise the level
of their games to seal their
keenly awaited showdown for
the crown.
Ateneo outlasted Perpetual
Help in a gripping rst-set
duel, then held on to complete
a 31-29, 25-20, 25-19 victory
that kept the defending
champions unbeaten run
going.
But the Lady Eagles
brace for a big Perpetual
comeback in their 2 p.m.
encounter, although they
remain upbeat of their
chances with Alyssa
Valdez and Thai Phee Nok
Kesinee playing true to
form and Fille Cainglet
and Dzi Gervacio expected
to rebound from their six-
hit performance the last
time out.
Meanwhile, the two
matches can be viewed live
on streaming on www.v-
league.ph and on a delayed
basis starting at 7 tonight
on AKTV 13 starting at 7
tonight, according to the
organizing Sports Vision.
He was almost grateful for it.
We wanted it about 15 games
ago, Popovich said. At least I
did.
Manu Ginobili scored 26
points as the Spurs escaped a
tantalizing near-upset for the
young Thunder, who came closer
than anyone to beating the Spurs
for the rst time in 46 days. But
a nine-point lead didnt last after
the famously mercurial 63-year-
old Popovich huddled his lagging
team together in the fourth and
told them to get nasty.
I said that? Popovich said
afterward.
A nationally television
audience heard it.
The heat of the game, stuff
comes up, Popovich said. So
I talked to them about theyve
got to get a little bit uglier, get a
little more nasty, play with more
ber and take it to these guys.
Meaning you have to drive it,
you have to shoot it.
And when they did, the
Thunder couldnt keep up.
Kevin Durant led the
Thunder with 27 points. Russell
Westbrook had 17, and insisted
he was OK after taking a spill
that was nasty in its own right
- face rst, bracing his fall with
his hands and sitting under the
basket for more than a minute
while the entire Thunder bench
walked across the court to check
on their All-Star point guard.
I shot good shots, made
good passes, Durant said.
Unfortunately, we lost.
After being held to just
16 third-quarter points, San
Antonio scored 39 in the fourth.
Westbrook chalked it up to a
defensive breakdown that got
out of hand but it still left the
Thunder in search of the road win
theyll need to in this series to
reach the NBA nals for the rst
time since the franchise moved
to Oklahoma City in 2009. AP
PARISJust playing at this years French
Open was an accomplishment for Venus
Williams. Winning was a bonus.
Williams played at a major tournament
for the rst time since last August, when she
withdrew before her second-round match at
the US Open. It was then that she revealed
that she had been diagnosed with Sjogrens
syndrome, a condition that can cause fatigue
and joint pain.
It didnt slow her down in the last two sets
Sunday. The seven-time Grand Slam champion
recovered from a poor start and beat 19-year-
old Paula Ormaechea of Argentina 4-6, 6-1, 6-3
to reach the second round.
I just learned how to live with this. Its
different. I have a lot to learn still, Williams
said. I learned how to just - just learning.
So I think thats my biggest challenge. I learn
a lot every week, especially having to play a
professional sport.
Williams was one of six major champions
that advanced on the opening day of the clay-
court tournament. The only one that lost was
Andy Roddick, the 2003 US Open winner.
On Monday, top-ranked Novak Djokovic
and 16-time Grand Slam champion Roger
Federer will be on court. In the womens
draw, No. 1 Victoria Azarenka and defending
champion Li Na are scheduled to play. AP
Venus wins on return to Grand Slam tennis
Ex-champ
found dead
FORMER boxing champion
Johnny Tapia was found dead in
his home in Albuquerque, New
Mexico. He was 45 years old.
Tracy Dingmann of KOB.
com reported that Channel 4
Eyewitness News was told by
police that a family member
came home Sunday and found
Tapia dead inside the house on
the citys northwest side.
Police said they didnt know
how Tapia died, but indicated
they dont suspect foul play.
Dingmann said former
sportswriter and longtime Tapia
friend Dennis Latta told KOB on
Sunday that Tapias family is just
distraught. Hes come so close
so often to death, so its hard to
believe that its nally happened.
The report said that for most
of his life, the ve-time boxing
champ kept Albuquerque
spellbound with his spirited and
gutsy performances in the ring.
Tapia was also known for
his bitter rivalry with fellow
Albuquerque-bred boxer Danny
Romero. The two faced off in a
highly-publicized bout in 1997,
when Tapia, who was World
Boxing Organization upper y-
weight champion, having won the
title with an 11th-round technical
knockout of Henry Martinez on
Oct. 12, 1994, added the Interna-
tional Boxing Federation title with
a unanimous 12-round decision.
On Dec. 8, 1994, Tapia
knocked out former Filipino
world champion Rolando
Bohol in the second round.
Tapia won the WBO bantam-
weight title with a 12-round ma-
jority decision over Ghanas Nana
Yaw Konadu, but lost the title in
his rst defense to Paulie Ayala in
1999. Ronnie Nathanielsz
By Jeric Lopez

GILAS 2 coach Chot Reyes
named ve new players to the
training pool as a replacement
for ve others, who didnt sign
the commitment letter for the
national team.
The newly named members
of the pool are Sol Mercado of
Meralco, Jeff Chan of Rain or
Shine, Jayvee Casio of Powerade,
Jared Dillinger of Talk N Text
and Mac Baracael of Alaska.
Sol (Mercado), Jeff (Chan),
JD (Dillinger), JV (Casio), Mac
Baracael replaced those who did
not sign the letter, announced
Reyes on his Twitter account
late Sunday night.
He added that complications
wont be a problem for these
ve new guys as they are all
committed to play for the
national team and that their
mother teams are willing to lend
all of them to the pool.
Reyes made the move as
the Southeast Asia Basketball
Association qualier, the teams
rst tournament, is just two
months away and he has to start
preparing the team.
The ve will now join Talk
N Texts Jimmy Alapag, Jayson
Castro, Larry Fonacier, Ranidel De
Ocampo, Ryan Reyes and Kelly
Williams, Rain or Shines Gabe
Norwood, Alaskas LA Tenorio
and Sonny Thoss, Powerades Gary
David and Barangay Ginebras
Enrico Villanueva in the pool.
The ve originally picked players
who did not sign the commitment
letter are James Yap and Marc
Pingris of B-MEG, and Arwind
Santos, Alex Cabagnot and Marcio
Lassiter of Petron Blaze.
After the SEABA qualier in
July, the other tournaments for
the national team this year are
the Jones Cup in August, the
FIBA Asia Stankovic Cup in
September, and the FIBA Asia
Champions Cup in October.
That will be the teams path
towards the 2013 FIBA Asia
Championship.
Reyes taps 5 new
cagers for PH pool
Phoevi
Keith de
Guzman
(red armor)
of the
Baguio
Defenders
delivers a
roundhouse
kick
against her
opponent.
San Antonio shooting guard Manu Ginobili (left) blocks a shot by Oklahoma City Thunder point guard Russell Westbrook in Game 1 in their
teams NBA basketball Western Conference nals playoff series. The Spurs drew rst blood, 101-98. AP
Games today
2 p.m. Ateneo vs
Perpetual
4 p.m. UST vs SSC
101
98
Chamber of Mines member
rms involved in large-scale min-
ing and quarrying operations,
which surpassed the original target
of P388 million, have discharged
in an estimated P580 million for
their Social Development Manage-
ment Programs (SDMP) that ben-
eted 199 barangays nationwide
from 2002 to 2009.
SDMP is a ve-year develop-
ment and implementation plan to
enhance the living standards of the
host and neighboring communities
that DENR requires to the mining
companies. This could be achieved
by creating a community that is
responsible, independent, and re-
sourceful and could implement the
developing programs and projects.
An industry ofcial stressed
that mining companies went be-
yond what is required by the law
in these programs given the fact
that mining is the only sector of the
economy required to have special
programs.
Through the Act of Mining
1995 which mandates all mining
companies to allocate and spend
anywhere between 3 and 5 percent
direct and mining costs towards the
implementation of social develop-
ment programs and environmental
projects, mining companies are
compelled for it is a requirement to
get a permit from the government.
A part of the income of the min-
ing industry goes to the host com-
munity for education, health and
sanitation, social, and livelihood
programs which could be a vehicle
towards the desired development.
Dennis Zamora, Vice President for
Marketing and Strategic planning
of Nickel Asia Corp. said that they
believe that it is proper to give back
to the local community people and
to our environment so that the fu-
ture generations could live a har-
monious life even after the mining
activities in their area are over.
In Central Visayas, The Mines
and Geosciences Bureau (MGB)
reported that over P200 million
worth of various projects were
spent for protecting the environ-
ment. According to MGB 7 Direc-
tor Loreto Alburo, mining compa-
nies are required to have environ-
ment protection and enhancement
programs (EPEP).
EPEP contains the mining com-
panies management, as well as,
environmental plan during their
activities. It shall also include their
strategy on how to reconstruct the
mined site and its possible use in
the future for the welfare of the
populace that surrounds the area.
Alburo added that the program
shall include a statement of post-
mining land use of potential for
various types of disturbed land and
extend to the completion of the
commitments in the rehabilitation
of the disturbed land in a techni-
cally, socially, and environmen-
tally competent manner. However,
he made it clear that EPEP is not
a substitute for the requirement of
environmental compliance certi-
cate (ECC).
ECC is a certicate issued by
the DENR that the certies the
proponent has complied with the
requirements of the department
and has committed to implement
its approved environment man-
agement plan. Mining companies
should have both EPEP and ECC
in order to operate legally in the
Philippines.
From January to December
2011, a total of P186.2 million
worth of environmental projects
were pushed through by large-
scale mining companies in the
cities of Toledo and Naga in the
towns of San Fernando and Alcoy,
Cebu, and Garcia-Hernendez in
Bohol Province.
Carmen Copper Corp. in Toledo
City had the biggest budget, with
P156.7 million, followed by Apo
Cement Corp. and Apo Land and
Quarry Corp. in the city of Naga
with P11.2 million.
Other mining companies with
environmental projects were Tai-
heyo Cement Philippines Inc. and
Solid Earth Development Corp. in
San Fernando town in Cebu with a
total of P5.06 million.
The other companies with EPEP
are Philippine Mining Service
Corp. and Dolomite Mining Corp.
in Alcoy, Cebu with 5.9 million;
Philippine Mining service Corp.
and Bohol Limestone Corp. in ar-
cia-Hernandez town in Bohol with
3.5 million; and JLR Construction
and Aggregates Inc. in the city of
ACTIONS FOR
THE ENVIRONMENT
Keeping tradition alive and nancially rewarding. Gloria Galay (in photo) has been living
inside Philex Minings Padcal gold-copper project site for more than 20 years and currently heads the
Philex Loom Weavers Association. PLWA is a cooperative composed mostly of miners wives who are
making a small business out of their love for loom weaving through a livelihood program provided by
Philex Mining Corporation. The company conducted basic loom weaving skills training for interested
dependents and provided capital and facilities for the establishment of the association. Loom weaving is
one of the traditional art industries practiced in the Cordillera Region and has been a sustainable source
of income for the wives of the miners at Philex Minings Padcal Project in Tuba, Benguet.
Naga with P2 million.
To highlight their outstanding
contributions, the ve mining
rms belonging to the Philippine
Mine Safety and Environmental
Association (PMSEA) were given
recognition under the Presidential
Mineral Industry and Environ-
mental awards (PMIEA) which
was held last November.
The conferment of PMIEA
was established through execu-
tive order 399 which signies
the commendable performance
of companies in the aspects of
environmental management,
safety and health, and social
development and management
programs by an eight-member
selection committee from the
government and private sector.
The awardees for exploration
category were FCF Minerals
Corp., for their Runruno Gold-
Molybdenum Project, MRL
Gold Phils., Inc. for Surigao-
Agusan Projects, and Sagittar-
ius Mines, Inc. for Tamapakan
Copper-Gold Project.
Awardees for the quarry cat-
egory were Holcim Phils., Inc.
- La Union Plant and Holcim-
Bulacan Plant.
With all these undertak-
ings, the mining companies
in the country thrive to show
that while they do business
they also are putting efforts
to promote the preservation
of our environment and de-
velopment of the rural com-
munities.
Supplement MAY 29, 2012 TUESDAY
A9
Mining
Supplement
MARCH 20, 2012 TUESDAY
B5
The said executive order was
scheduled to be released last February
but players in the mining sector raised
their concerns over the proposed
policies that have been seen to heavily
favor the anti-mining lobby.
As a general statement, the policy
statement will cover details how
to implement mining rules and
laws, recommendation and general
position of government on mining
activities.
The draft presidential executive
order will propose a competitive
public bidding in place of the
rst-come, rst served system in
mining applications, the declaration
of additional prime agricultural
lands and ecotourism zones closed
to mining activities, review of all
existing incentives and mining
contracts and promotion of
downstream processing, among
others. The Environment and
Natural Resources Department had
proposed the imposition of a ve-
percent royalty on top of the two-
percent excise tax.
The Chamber of Mines noted
that the country falls behind on the
creation policies that will make
mining a more lucrative business
venture and encourage foreign
investments. The chamber revealed
that the result of the latest Fraser
Institute survey which saw the
Philippines ranking from 66
th
among
79 jurisdictions last year drop to 88
th

among 93 this year
The chamber urged the
government to implement a
decisive policy initiative to further
develop the mining sector and
realize its potential as an economic
growth driver.
The chamber also noted the grave
inconsistencies between the Mining
Act of 1995 and laws such as the
Asserting mining rights
OVER the mounting debate in the
mining industry, the government
took caution on the issuance of a
new executive order detailing mining
regulations and instead will formulate
a policy statement covering the mining
sector. According to reports, the
impending policy statement would
include certain important provisions
that were supposedly a part of the
canceled executive order.
Local Government Code and
the Internal Revenue Code that
concerns both local and foreign
investors.
For their part, the Joint Foreign
Chambers expressed their
concerns that government should
consider the industry inputs
and address the root causes of
project delays over the proposed
mining reforms. JFC appealed
along with the Philippine ofces
of the American Chamber
of Commerce, Australia-
New Zealand Chamber
of Commerce, Canadian
Chamber of Commerce,
European Chamber of
Commerce, Japanese Chamber
of Commerce and Industry,
Korean Chamber of Commerce,
and the Philippine Association
of Multinational Companies
regional headquarters.
The JFC and the Philippine
Mineral Exploration Association
also cited that the discrepancy
between benets and liabilities
was more pronounced in small-
scale and unregulated mining
as opposed to those of highly
regulated large-scale mining
companies.
The JFC also warned
government of such measures
unnecessarily damages
sovereign credibility on the
global stage, and in some cases
violates the foreign investment
protection agreements signed
by the Philippines with many
countries. And as such, this
could cause uncertainty with
investors not only in mining but
also interests in other foreign
direct investments.
In the same manner, Philippine
Stock Exchange president and
chief executive Hans Sicat has
urged the government to formulate
a clear-cut and decisive policy
on the mining industry.
For Sicat, the government
should aim for a balance
between the gains from the
mining industry and protection
for the environment. As a
potential driver of the economic
growth, he noted that the mining
and oil index posted a 69 percent
growth last year
As the government and the
various stakeholders continue
to nd ways to best utilize our
rich mineral resources to help
spur growth in the economy and
provide wealth and livelihood
to many Filipinos, it must be
ensured that [such] intervention in
mining activities are geared rst
and foremost towards ensuring
responsible and sustainable
mining which includes stricter
enforcement and monitoring of
mining laws and guaranteeing
that the host communities would
be included among beneciaries
of mining activities, Sicat added.
In a joint statement released
recently by the Philippines
Chamber of Commerce
and Industry, Management
Association of the Philippines
and Philippine Exporters
Confederation, the group
stated their support over the
advancement of legitimate,
responsible mining that properly
takes care of the environment
during and after operations.
They also underscored
the need for government to
decisively implement existing
policies that encourage much-
needed investments and
have asked groups opposing
mining activities to assist in
monitoring mining activities
to ensure that mining rms are
operating responsibly, with care
for the environment.
For their part, government
through Environment Secretary
Ramon Paje, assured the
players in the mining industry
that provisions are just being
maximized to upgrade the
environmental standards in the
industry, resolve the issue of
small-scale mining, harmonize
national and local regulations on
mining and optimize government
revenue from mining.
Balatoc gold mines in Itogon, Benguet.
RESPONSIBLE
MINING INDUSTRY
CARING FOR THE ENVIRONMENT
THE ENVIRONMENT and Natural Resources Department re-
quires mining companies to come up with a ve-year plan to help
improve the living situations of the host and neighboring communities
through education, health care, cultural enhancements, social services,
and livelihood programs together with the local government unit.
Serving Communities and
Stewarding the Environment
for more than 100 years
Benguet Corporation
and its Subsidiaries
7th Floor Universal Re Bldg. 106 Paseo de Roxas, MCPO Box 3488, Makati City, Philippines
Tel No.: (63-2) 8121380 Fax No.: (63-2) 7520717 Email Ad: admin@benguetcorp.com Website: www.benguetcorp.com
Mines and Geosciences Bureau
director Leo Jasareno said that
series of policies will focus on
areas such as ensuring that the
mining operations contribute to
sustainable development and
international best practices to
promote good governance in
mining are adopted.
Major issues being tackled
are the wrong perceptions that
mining as being destructive to the
environment as well as the lack
of monitoring capability of the
government and inventory of the
countrys mineral resources
The proposals being considered
to tackle the environmental issue
are the creation of an inter-agency
council on mining, conducting
public auctions, and securing
insurance coverage for the
environment among others.
Other areas being discussed
are the safety measures to ensure
environmental protection by
identifying additional areas closed
to mining, gaining equitable
benets by promoting joint venture
agreements and nancial or
technical assistance agreements that
provide better sharing of revenues.
While government did not
indicate a specic date of its
initial release, the mining policy is
considered to be urgent.
In the meantime, mining
companies under the Chamber
of Mines remain steadfast in
their stand that government to
continue to espouse responsible
mining that properly takes care of
the environment during and after
operations.
On the matter of the
environment, the Chamber
asserts to strengthen the
organizational and nancial
capacity of government mining
and environment protection
regulatory agencies to effectively
enforce mining laws as well as
evaluate and monitor mining
activities; mandate these agencies
to compel small scale-miners
to comply with environmental
protection laws and to ensure that
only Filipino citizens are allowed
to do small-scale mining.
The Chamber also stands to
compel mining companies to submit
a denite rehabilitation/restoration
program in mining areas, require
mining establishments to assume
full responsibility in the prevention,
mitigation, elimination and
correction of any environmental
and social damage that may occur
during their operations at the
mine site and peripheral areas/
communities and ban any kind
of mining in any watershed or
protected areas.
ON A GREENER PATH
IN PLACE of an executive order,
government is set to release a series of
governing policies that will cover the
different issues that plague the mining
industry today. Proposed reforms are
aimed at addressing the raising taxes
from mining operations, security of
investments, local revenues, as well as
environmental and social issues.
Supplement MAY 29, 2012 TUESDAY
A10
Mining
Supplement
MARCH 20, 2012 TUESDAY
B5
The said executive order was
scheduled to be released last February
but players in the mining sector raised
their concerns over the proposed
policies that have been seen to heavily
favor the anti-mining lobby.
As a general statement, the policy
statement will cover details how
to implement mining rules and
laws, recommendation and general
position of government on mining
activities.
The draft presidential executive
order will propose a competitive
public bidding in place of the
rst-come, rst served system in
mining applications, the declaration
of additional prime agricultural
lands and ecotourism zones closed
to mining activities, review of all
existing incentives and mining
contracts and promotion of
downstream processing, among
others. The Environment and
Natural Resources Department had
proposed the imposition of a ve-
percent royalty on top of the two-
percent excise tax.
The Chamber of Mines noted
that the country falls behind on the
creation policies that will make
mining a more lucrative business
venture and encourage foreign
investments. The chamber revealed
that the result of the latest Fraser
Institute survey which saw the
Philippines ranking from 66
th
among
79 jurisdictions last year drop to 88
th

among 93 this year
The chamber urged the
government to implement a
decisive policy initiative to further
develop the mining sector and
realize its potential as an economic
growth driver.
The chamber also noted the grave
inconsistencies between the Mining
Act of 1995 and laws such as the
Asserting mining rights
OVER the mounting debate in the
mining industry, the government
took caution on the issuance of a
new executive order detailing mining
regulations and instead will formulate
a policy statement covering the mining
sector. According to reports, the
impending policy statement would
include certain important provisions
that were supposedly a part of the
canceled executive order.
Local Government Code and
the Internal Revenue Code that
concerns both local and foreign
investors.
For their part, the Joint Foreign
Chambers expressed their
concerns that government should
consider the industry inputs
and address the root causes of
project delays over the proposed
mining reforms. JFC appealed
along with the Philippine ofces
of the American Chamber
of Commerce, Australia-
New Zealand Chamber
of Commerce, Canadian
Chamber of Commerce,
European Chamber of
Commerce, Japanese Chamber
of Commerce and Industry,
Korean Chamber of Commerce,
and the Philippine Association
of Multinational Companies
regional headquarters.
The JFC and the Philippine
Mineral Exploration Association
also cited that the discrepancy
between benets and liabilities
was more pronounced in small-
scale and unregulated mining
as opposed to those of highly
regulated large-scale mining
companies.
The JFC also warned
government of such measures
unnecessarily damages
sovereign credibility on the
global stage, and in some cases
violates the foreign investment
protection agreements signed
by the Philippines with many
countries. And as such, this
could cause uncertainty with
investors not only in mining but
also interests in other foreign
direct investments.
In the same manner, Philippine
Stock Exchange president and
chief executive Hans Sicat has
urged the government to formulate
a clear-cut and decisive policy
on the mining industry.
For Sicat, the government
should aim for a balance
between the gains from the
mining industry and protection
for the environment. As a
potential driver of the economic
growth, he noted that the mining
and oil index posted a 69 percent
growth last year
As the government and the
various stakeholders continue
to nd ways to best utilize our
rich mineral resources to help
spur growth in the economy and
provide wealth and livelihood
to many Filipinos, it must be
ensured that [such] intervention in
mining activities are geared rst
and foremost towards ensuring
responsible and sustainable
mining which includes stricter
enforcement and monitoring of
mining laws and guaranteeing
that the host communities would
be included among beneciaries
of mining activities, Sicat added.
In a joint statement released
recently by the Philippines
Chamber of Commerce
and Industry, Management
Association of the Philippines
and Philippine Exporters
Confederation, the group
stated their support over the
advancement of legitimate,
responsible mining that properly
takes care of the environment
during and after operations.
They also underscored
the need for government to
have asked groups opposing
mining activities to assist in
monitoring mining activities
to ensure that mining rms are
operating responsibly, with care
for the environment.
For their part, government
through Environment Secretary
Ramon Paje, assured the
players in the mining industry
that provisions are just being
maximized to upgrade the
environmental standards in the
industry, resolve the issue of
small-scale mining, harmonize
national and local regulations on
mining and optimize government
revenue from mining.
Balatoc gold mines in Itogon, Benguet.
RESPONSIBLE
MINING INDUSTRY
CARING FOR THE ENVIRONMENT
Business
B1
Ray S. Eano, Editor mst_biz@manilastandardtoday.com
Roderick T. dela Cruz, Assistant Editor extrastory2000@gmail.com
IN BRIEF
PSE COMPOSITE INDEX
Closing May 28, 2012
4,952.74
26.77
OIL
PRICES
TODAY
P780-P895.00
LPG/11-kg tank
P54.55-P61.02
Unleaded Gasoline
P46.10-P49.90
Diesel
P52.34-P57.85
Kerosene
P38.50-P39.20
Auto LPG
FOREI GN EXCHANGE RATE
Currency Unit US Dollar Peso
United States Dollar 1.000000 43.7960
Japan Yen 0.012557 0.5499
UK Pound 1.565800 68.5758
Hong Kong Dollar 0.128821 5.6418
Switzerland Franc 1.042209 45.6446
Canada Dollar 0.970780 42.5163
Singapore Dollar 0.780640 34.1889
Australia Dollar 0.977422 42.8072
Bahrain Dinar 2.652661 116.1759
Saudi Arabia Rial 0.266652 11.6783
Brunei Dollar 0.777605 34.0560
Indonesia Rupiah 0.000108 0.0047
Thailand Baht 0.031586 1.3833
UAE Dirham 0.272264 11.9241
Euro Euro 1.251800 54.8238
Korea Won 0.000843 0.0369
China Yuan 0.157632 6.9037
India Rupee 0.018080 0.7918
Malaysia Ringgit 0.317360 13.8991
NewZealand Dollar 0.755515 33.0885
Taiwan Dollar 0.033738 1.4776
Source: PDS Bridge
Bangko Sentral ng Pilipinas
Monday, May 28, 2012
PESO-DOLLAR RATE
40
42
44
46
48
P43.540
CLOSE
Closing MAY 28, 2012
5200
4460
3720
2980
2240
1500
1200
VOLUME 881.200M
HIGH P43.450 LOW P43.670 AVERAGE P43.553
Puregold acquires
Parco Supermarket
Ethanol firm taps
sorghum as source
BDO buys
30-branch
San Juan
rural bank
First Holdings disputes Nexolons claim
Exploration companies expected to drill 10 wells this year
Masinloc training facility. AES Philippines, the Technical Educational and Skills Development Authority and the local
government of Masinloc, Zambales launched the Masinloc Training Facility, a welders training center that will benet the
residents of the town and surrounding communities. At the ribbon-cutting ceremony are (from left) Masinloc Vice Mayor Jeffrey
Bautista, Tesda specialist Eugene Panesa, Zambales Vice Gov. Ramon Lacbain III, Zambales provincial administrator Randy Ebdane,
AES Corp. vice president for Asian operations Tom Kunde, AES Philippines country manager Andy Horrocks, AES Philippines vice
president Juan Ignacio Rubiolo and Masinloc power plant manager Kevin Pierce.
By Lailany P. Gomez
PUREGOLD Price Club Inc. said Monday it is acquiring the
company which owns and operates all the 19 branches of Parco
Supermarket in Metro Manila and nearby provinces.
Puregold, the publicly-listed retail chain established by
businessman Lucio Co, said the takeover of Parco would be made
through the purchase of 519,111 shares or the whole outstanding
capital stock of Gant Group of Companies from the Ong family.
The Caloocan City-based Gant Group is owned by Dolores Ong,
Patrick Richmond Ong, Katrina Cindy Ong, Genevieve Mae Ong
and Margaret Brigitte Ong.
Puregold said in a disclosure to the stock exchange it would
make the payment in cash from internally generated funds. The
acquisition is expected to close within the month.
Puregold did not disclose the size of the transaction, but said
the purchase price was less than 10 percent of the book value of
Puregold as of March 31.
Parco operates 19 supermarkets, including 12 stores in Metro Manila,
three stores north of Metro Manila and four stores south of Metro Manila.
The acquisition of Parco Supermaket followed Puregolds
purchase of S&R Membership Shopping, which has six stores
nationwide.
Puregold said it was expecting the nancial closing of the
acquisition of the S&R toward the end of June.
Puregolds stockholders approved the acquisition of the 100-
percent equity interest of Kareila Management Corp., the operator
of S&R shopping clubs in six locations in Metro Manila, Pampanga
and Cebu.
By Alena Mae S. Flores
SAN Carlos Bioenergy Inc. said Monday
it successfully produced 14,000 liters of
bioethanol a day from sweet sorghum in
a bid to diversify the plants feedstock
sources.
We are actually working to
become a plant that can process
into ethanol fuel a variety of
crops that our farmers can grow.
[This has] never before tried
nor done in the Philippines and
South East Asia as far as I know,
Jose Maria Zabaleta, San Carlos
chairman, told reporters.
San Carlos ethanol facility
in Negros Occidental has been
utilizing sugarcane as feedstocks
for ethanol. The plant is capable
of delivering up to 40 million
liters a year. San Carlos plans
to increase the production to
125,000 liters daily by Sept. 15
from around 75,000 liters last
month.
San Carlos is owned by
Bronzeoak Philippines, the local
unit of Bronzeoak Ltd. of the
UK, Zabaleta & Company, state-
owned National Development
Co., San Julio Realty Inc., a
company equally owned by
Zabaleta and Co. and Rep. Julio
Ledesma, Valmayor Ventures Inc.
and other private and institutional
investors.
Zabaleta and his company
wanted to substitute sweet
sorghum as feedstock for
ethanol due to the seasonality
of other crops. He said utilizing
sweet sorghum would also help
provide additional income to
small farmers in Negros island.
Since crops are seasonal,
we hope that sorghum, which
can produce grain for feed and
sweet juice for distillation when
the sugar crop is over, can be
another option for small farmers,
especially because it grows in
poorer soils and only requires
four months to mature, Zabaleta
said.
Sugarcane and sweet
sorghum will not compete but
will complement each other
in different soils and different
seasons of the year, he added.
The Agriculture Deparment,
UP Los Banos and Biomass
Resources Inc. helped in
developing the use of sweet
sorghum as an ethanol feedstock.
Zabaleta said hybrid seeds
of sweet sorghum had been
recently developed and that new
distillation processes had been
tested to produce ehtanol from
sorghum.
By Elaine R. Alanguilan

BDO Unibank Inc. has signed
a deal to acquire the Rural
Bank of San Juan Inc. along
with its 30 branches in Metro
Manila and Luzon and expects
to close the transaction by end
of July.
The countrys largest lender
said in a disclosure to the stock
exchange it had entered into
a memorandum of agreement
for the acquisition of the
rural banks assets as well as
assumption of its liabilities.
The Monetary Board has
given its approval, and the
Philippine Deposit Insurance
Corp., the receiver, has given its
consent, to the consolidation of
the banking business of RBSJI
into BDO subject to certain
conditions. The transaction
will be completed no later than
July 31, 2012 upon compliance
with the closing conditions
under the agreement, BDO
said.
Rural Bank of San Juan,
which is headquartered in San
Juan City, is a 30-branch rural
bank considered the largest
in Luzon and the second
biggest in the country. The
bank, established in 1953, was
renamed Banco San Juan.
BDO, under the Special
Program on Rural Banks, can
avail of the incentives from the
Bangko Sentral and the PDIC
which encourage bigger banks
to acquire undercapitalized
rural lenders.
BDO had earlier bid for
Export and Industry Bank,
before monetary authorities
shut it down because it could
no longer meet obligations.
The Sy-led BDO has recently
completed regulatory clearance
to raise up to $1 billion of
additional Tier 2 capital in
anticipation of the stringent
capital requirements to be
implemented by the Bangko
Sentral.
The rights offer of common
shares is the biggest transaction
ever for the country.
The capital raised is intended
to support the banks medium-
term growth objectives and is
being conducted in anticipation
of the more stringent Basel III
capital requirements expected
to be implemented by BSP,
the bank said.
BDO said the additional
capital is expected to provide
a sufcient buffer on top of
the new minimum capital
adequacy requirements.
FIRST Philippine Holdings Corp. said
Monday Nexolon Co. Ltd., its partner
in First Philec Nexolon Corp., could not
force the sale of its 30 percent stake in
the joint venture pending an arbitration
proceeding.
First Holdings said in a disclosure to
the stock exchange that unit First PV
Ventures and FPNC both received notice
from Nexolon about the termination of
the wafer slicing and supply agreement
and the purported exercise by Nexolon
of its put option under the joint venture
agreement.
The contract is clear on the volume
and price and they wanted to renegotiate.
We feel there is no basis for them to
be bought out, Elpidio Ibaez, First
Holdings president, said on the sidelines
of the annual stockholders meeting.
FPV is a wholly-owned subsidiary
of First Philippine Electric Corp.,
the manufacturing subsidiary of First
Holdings. FPV and Nexolon formed
the joint venture company, FPNC, with
thge First Holdings unit controlling 70
percent.
Nexolon, under the put option, is
seeking to enforce the sale of all its shares
in FPNC to FPV. The put option under
the joint venture agreement arises after a
termination of the supply agreement and
is available to the non-breaching party.
FPNC and Nexolon are accusing
each of breaching their wafer slicing
supply and services agreement. First PV
is joining the arbitration as a party to
protect its rights under the joint venture
agreement with Nexolon, the largest
solar wafer company in Korea.
FPNC has disputed Nexolons notice
of breach.
This notice of breach is already
included in the matters subject of the
arbitration proceedings instituted by both
FPV and FPNC against Nexolon, First
Holdings informed the stock exchange.
Lailany P. Gomez
THE government remains
condent oil and gas companies
will drill up to 10 wells this
year, despite the difculty of
contracting oil rigs which are
currently in high demand in the
industry.
Energy Undersecretary Jay
Layug told reporters exploration
rms had asked for extension of
their work program in Cadlao
block (service contract 6) and
the southwest Palawan (SC 55)
because they had to compete with
other countries in hiring oil rigs.
Oil rigs are massive structures
comprised of equipment used to
drill deep wells for exploration or
extraction of oil or natural gas.
Except for two [areas], we
still anticipate majority of these
wells to proceed, Layug told
reporters during the industry
brieng on upstream energy
exploration Monday.
Layug said ve of the 10 to 12
expected exploratory drillings
this year were already in the
preparation phase.
He said completing 10
drillings this year is a very good
target, because the Philippines,
on average, used to accomplish
one exploratory drilling annually
in the past.
Layug earlier said oil and gas
companies might choose to fast-
track exploration programs due
to the renewed spike in world
oil prices, the governments
aggressive efforts to assist the
companies in their projects and
strong investor condence in the
Aquino administration.
Alena Mae S. Flores
FLI offers P7-b bonds
FILINVEST Land Inc. said Monday it
started to offer up to P7 billion worth of xed-
rate retail bonds. The sale represents the rst
tranche of the P11-billion bonds approved
earlier by the Securities and Exchange
Commission.
Filinvest Land said in a disclosure to the
stock exchange the bonds would have a term
of seven years and an interest rate of 6.2731
percent annually. It will issue the bonds in
minimum denominations of P50,000 and
increments of P10,000.
Filinvest Land set offering period from May
28 to June 1, 2012 and xed the issue date for
June 8, 2012.
The proceeds from the bond sale will
be used to partially nance FLIs capital
expenditures for 2012.
BDO Capital and Investment Corp., BPI
Capital Corp. and First Metro Investment
Corp. are joint issue managers of the bond.
BDO Capital and Investment Corp., BPI
Capital Corp., First Metro Investment Corp.
and Hongkong and Shanghai Banking Corp.
are joint lead underwriters.
China Banking Corp. is the co-lead
underwriter while East West Banking Corp. is
the selling agent. Lailany P. Gomez
CEB bares new promo
CEBU Pacific is holding a P699 all-
in seat sale to any of its 32 domestic
destinations from May 28 to 30, 2012 or
until seats last, for travel from Nov. 1,
2012 to Feb. 28, 2013.
P699 seats are up for grabs to the following
destinations: Bacolod, Boracay (Caticlan),
Busuanga (Coron), Butuan, Cagayan de Oro,
Cauayan (Isabela), Cebu, Clark, Cotabato,
Davao, Dipolog, Dumaguete, General Santos,
Iloilo, Kalibo, Legazpi, Laoag, Manila,
Naga, Ozamiz, Pagadian, Puerto Princesa,
Roxas, San Jose (Mindoro), Siargao, Surigao,
Tacloban, Tagbilaran, Tawi-Tawi, Tuguegarao,
Virac and Zamboanga.
The promotion is only available via www.
cebupacicair.com, or through travel agents
using the Amadeus global distribution
system.
The all-in fares are inclusive of fuel
surcharge, administrative fee, aviation
security fee, 12 percent VAT and 7 kilos hand
carry baggage allowance. Flight changes are
permitted with P800 rebooking fee and P900
cancellation fee.
Business
ManilaStandardToday
extrastory2000@gmail.com; mst_biz@manilastandardtoday.com
B2
Tech industrys worst CEOs
Stocks up; MPIC,
Puregold advance
52 Weeks Previous % Net Foreign (Peso)
High Low STOCKS Close High Low Close Change Volume Trade/Buying
MST BUSINESS DAILY STOCKS REVIEW
MONDAY, MAY 28, 2012
M
S
T
FINANCIAL
70.00 46.00 Banco de Oro Unibank Inc. 63.30 64.00 63.30 63.95 1.03 929,370 29,963,137.50
76.80 50.00 Bank of PI 65.75 68.20 66.00 67.00 1.90 1,529,480 (26,533,141.50)
512.00 370.00 China Bank 559.50 555.00 550.00 550.00 (1.70) 5,030
1.95 1.42 BDO Leasing & Fin. Inc. 1.82 1.82 1.75 1.75 (3.85) 139,000
23.90 12.50 COL Financial 22.80 23.00 22.50 22.90 0.44 37,600 (2,300.00)
Eastwest Bank 18.62 18.62 18.56 18.60 (0.11) 1,428,100 23,173,370.00
22.00 7.56 Filipino Fund Inc. 10.00 10.50 9.00 10.50 5.00 6,400
29.00 3.00 Maybank ATR KE 33.00 34.95 30.40 34.90 5.76 129,600 (1,153,000.00)
93.50 60.00 Metrobank 85.30 85.50 83.50 84.00 (1.52) 5,651,690 (17,851,469.00)
3.06 1.30 Natl Reinsurance Corp. 2.05 2.15 2.05 2.10 2.44 734,000
16.85 41.00 Phil. National Bank 68.30 70.85 68.20 70.00 2.49 288,480 (18,059,027.00)
539.00 204.80 PSE Inc. 351.00 351.00 350.00 350.00 (0.28) 1,320
44.40 25.45 RCBC À 42.00 42.00 41.80 41.90 (0.24) 30,300.00 (247,300.00)
151.50 77.00 Security Bank 127.70 139.50 127.60 134.50 5.32 2,329,210 (2,007,755.00)
1390.00 950.00 Sun Life Financial 941.00 942.00 941.00 941.00 0.00 40
140.00 58.00 Union Bank 98.80 98.60 98.00 98.50 (0.30) 62,520 (1,571,355.50)
2.06 1.43 Vantage Equities 1.80 1.80 1.80 1.80 0.00 500,000
INDUSTRIAL
35.50 26.50 Aboitiz Power Corp. 33.75 34.10 33.80 34.00 0.74 3,155,200 55,524,035.00
13.58 7.32 Agrinurture Inc. 11.00 11.04 11.00 11.02 0.18 25,700 247,900.00
23.50 11.98 Alaska Milk Corp. 23.55 23.55 23.55 23.55 0.00 2,500
1.86 0.97 Alliance Tuna Intl Inc. 1.37 1.50 1.38 1.46 6.57 20,000
54.90 26.00 Alphaland Corp. 30.65 30.70 30.70 30.70 0.16 300
1.65 1.08 Alsons Cons. 1.28 1.31 1.28 1.28 0.00 301,000 13,000.00
Asiabest Group 22.00 23.20 22.05 22.50 2.27 86,100 23,000.00
102.80 3.02 Bloomberry 8.50 8.53 8.44 8.50 0.00 1,031,300 1,755,608.00
3.07 2.30 Chemrez Technologies Inc. 2.42 2.50 2.45 2.45 1.24 61,000
8.33 7.41 Cirtek Holdings (Chips) 8.18 8.18 8.14 8.15 (0.37) 115,000
7.06 4.83 Energy Devt. Corp. (EDC) 5.83 5.87 5.80 5.81 (0.34) 469,400 (4,504,550.00)
6.28 2.80 EEI 6.10 6.30 6.10 6.26 2.62 5,040,900 2,035,363.00
3.80 1.00 Euro-Med Lab. 2.29 2.27 2.00 2.00 (12.66) 8,000
25.00 5.80 Federal Chemicals 10.98 10.12 10.12 10.02 (8.74) 5,000
15.58 12.50 First Gen Corp. 15.36 15.42 15.24 15.28 (0.52) 1,726,000 (50,494.00)
67.20 51.50 First Holdings A 67.10 70.00 67.00 70.00 4.32 2,061,090 9,502,225.00
31.50 22.50 Ginebra San Miguel Inc. 21.00 21.00 20.90 21.00 0.00 6,900 16,720.00
0.10 0.0095 Greenergy 0.0140 0.0140 0.0130 0.0140 0.00 14,400,000
13.50 7.80 Holcim Philippines Inc. 11.50 11.80 11.80 11.80 2.61 5,000
9.00 4.71 Integ. Micro-Electronics 4.30 4.25 4.20 4.20 (2.33) 72,000 (134,410.00)
2.35 0.95 Ionics Inc 1.620 1.610 1.600 1.600 (1.23) 113,000
120.00 80.00 Jollibee Foods Corp. 109.00 110.00 106.00 110.00 0.92 52,160 (1,616,670.00)
91.25 25.00 Liberty Flour 53.00 53.00 53.00 53.00 0.00 500 26,500.00
8.40 1.04 LMG Chemicals 2.03 1.99 1.88 1.93 (4.93) 724,000 19,000.00
3.20 1.05 Manchester Intl. A 2.30 1.85 1.77 1.85 (19.57) 7,000
3.19 1.08 Manchester Intl. B 1.92 1.93 1.93 1.93 0.52 4,000 (7,720.00)
24.70 17.94 Manila Water Co. Inc. 24.95 24.95 24.50 24.65 (1.20) 705,900 (4,150,415.00)
6.95 0.75 Mariwasa MFG. Inc. 3.00 2.55 2.54 2.54 (15.33) 2,000
15.30 8.12 Megawide 16.94 17.06 16.78 17.06 0.71 1,337,600
295.00 215.00 Mla. Elect. Co À 227.80 230.00 224.00 224.00 (1.67) 212,480 645,574.00
11.00 7.00 Pancake House Inc. 12.00 12.00 12.00 12.00 0.00 100
3.00 1.96 Pepsi-Cola Products Phil. 2.79 2.78 2.76 2.78 (0.36) 314,000 11,120.00
17.40 9.70 Petron Corporation 10.20 10.26 10.14 10.18 (0.20) 371,000 (1,396,666.00)
14.00 10.30 Phinma Corporation 10.80 11.70 10.80 10.80 0.00 2,000
15.24 9.01 Phoenix Petroleum Phils. 8.70 8.70 8.50 8.51 (2.18) 165,700 85,870.00
9.50 5.25 Republic Cement À 7.81 8.28 7.30 8.28 6.02 3,300 (17,131.00)
2.55 1.01 RFM Corporation 2.70 2.76 2.70 2.73 1.11 678,000 595,500.00
2.49 1.10 Roxas and Co. 1.50 1.16 1.60 1.60 6.67 8,000
3.49 2.01 Roxas Holdings 2.68 2.52 2.50 2.52 (5.97) 58,000
33.00 27.70 San Miguel Brewery Inc. 29.45 29.50 29.40 29.45 0.00 15,300
132.60 105.70 San Miguel Corp À 113.80 113.80 113.40 113.70 (0.09) 97,840 6,846,170.00
1.90 1.25 Seacem 1.70 1.71 1.70 1.71 0.59 397,000 335,900.00
2.50 1.85 Splash Corporation 1.93 1.99 1.89 1.90 (1.55) 168,000
0.250 0.112 Swift Foods, Inc. 0.125 0.125 0.124 0.125 0.00 1,240,000
5.46 2.92 Tanduay Holdings 3.90 3.90 3.90 3.90 0.00 115,000
3.62 1.99 TKC Steel Corp. 2.40 2.22 2.22 2.22 (7.50) 2,000
1.41 0.90 Trans-Asia Oil 1.23 1.25 1.23 1.25 1.63 845,000 18,600.00
68.00 36.20 Universal Robina 59.10 61.00 59.10 60.10 1.69 1,585,010 15,019,816.00
Victorias Milling 1.90 1.90 1.70 1.75 (7.89) 360,000 (1,770.00)
1.12 0.285 Vitarich Corp. 0.670 0.680 0.680 0.680 1.49 10,000
1.22 0.68 Vulcan Indl. 0.93 0.93 0.93 0.93 0.00 12,000
HOLDING FIRMS
1.18 0.65 Abacus Cons. À 0.70 0.69 0.68 0.68 (2.86) 196,000
59.90 35.50 Aboitiz Equity 49.95 50.00 49.00 50.00 0.10 525,400 15,386,015.00
0.019 0.014 Alcorn Gold Res. 0.0150 0.0150 0.0150 0.0150 0.00 700,000
13.48 8.00 Alliance Global Inc. 12.48 12.60 12.34 12.44 (0.32) 6,894,300 (66,930,002.00)
4.60 3.00 Anscor À 4.35 4.35 4.35 4.35 0.00 12,000
6.98 0.260 Asia Amalgamated A 4.80 4.78 4.50 4.53 (5.62) 60,000 23,120.00
3.15 1.49 ATN Holdings A 1.93 1.95 1.95 1.95 1.04 1,000
437.00 272.00 Ayala Corp À 411.20 417.80 412.00 417.00 1.41 350,080 54,571,000.00
911.00 260.00 BHI Holdings Inc. 600.00 420.00 420.00 420.00 (30.00) 10
59.45 30.50 DMCI Holdings 59.25 59.25 58.75 58.75 (0.84) 1,442,320 (40,108,213.00)
5.25 3.30 Filinvest Dev. Corp. 4.10 4.20 4.07 4.20 2.44 46,000
0.98 0.10 Forum Pacic 0.232 0.230 0.222 0.222 (4.31) 320,000
GT Capital 479.00 483.00 478.00 483.00 0.84 68,630 8,967,050.00
5.22 2.90 House of Inv. 4.42 4.50 4.43 4.50 1.81 12,000
34.80 19.00 JG Summit Holdings 30.90 32.20 31.20 32.20 4.21 134,500 (411,700.00)
6.95 4.00 Lopez Holdings Corp. 5.64 5.92 5.50 5.91 4.79 7,430,800 4,638,799.00
1.54 0.61 Lodestar Invt. Holdg.Corp. 1.05 1.08 1.03 1.05 0.00 636,000
0.91 0.300 Mabuhay Holdings À 0.500 0.490 0.450 0.450 (10.00) 186,000
3.82 1.500 Marcventures Hldgs., Inc. 2.570 2.630 2.540 2.610 1.56 689,000 (618,140.00)
4.45 2.56 Metro Pacic Inv. Corp. 4.00 4.09 4.00 4.05 1.25 7,935,000 4,404,460.00
6.24 2.10 Minerales Industrias Corp. 4.69 4.88 4.50 4.55 (2.99) 2,900
4.72 1.22 MJCI Investments Inc. 3.80 5.50 3.80 5.35 40.79 612,000 (311,140.00)
0.0770 0.054 Pacica À 0.0500 0.0540 0.0510 0.0540 8.00 1,110,000
2.20 1.42 Prime Media Hldg 1.300 1.380 1.380 1.380 6.15 4,000
0.490 0.285 Sinophil Corp. 0.320 0.325 0.320 0.320 0.00 520,000
699.00 450.00 SM Investments Inc. 668.50 680.00 668.50 680.00 1.72 188,740 (20,365,190.00)
1.78 1.00 Solid Group Inc. 1.38 1.38 1.36 1.36 (1.45) 209,000
1.57 1.14 South China Res. Inc. 1.25 1.25 1.22 1.22 (2.40) 29,000 (24,800.00)
0.420 0.099 Unioil Res. & Hldgs 0.2300 0.2310 0.2310 0.2310 0.43 10,000 (2,310.00)
0.620 0.056 Wellex Industries 0.3700 0.3750 0.3650 0.3650 (1.35) 1,730,000
P R O P E R T Y
39.00 11.00 Anchor Land Holdings Inc. 39.95 39.95 39.95 39.95 0.00 100
2.82 1.70 A. Brown Co., Inc. 2.75 2.85 2.70 2.78 1.09 366,000
0.75 0.31 Araneta Prop À 0.690 0.690 0.690 0.690 0.00 200,000
22.40 13.36 Ayala Land `B 19.48 19.78 19.30 19.60 0.62 2,191,700 (2,685,022.00)
6.12 3.08 Belle Corp. À 4.71 4.75 4.65 4.75 0.85 2,436,000 (1,411,300.00)
9.00 2.26 Cebu Holdings 6.15 6.24 6.05 6.17 0.33 71,500
5.66 0.26 Century Property 1.47 1.50 1.46 1.47 0.00 529,000
2.85 1.20 City & Land Dev. 2.36 2.36 2.25 2.36 0.00 80,000
1.65 1.07 Cityland Dev. À 1.17 1.24 1.20 1.23 5.13 37,000
0.127 0.060 Crown Equities Inc. 0.080 0.080 0.080 0.080 0.00 30,000
1.16 0.67 Cyber Bay Corp. 0.78 0.79 0.78 0.78 0.00 400,000
0.90 0.54 Empire East Land 0.670 0.680 0.670 0.680 1.49 2,907,000
0.310 0.10 Ever Gotesco 0.179 0.185 0.185 0.185 3.35 140,000
3.06 1.76 Global-Estate 1.77 1.82 1.77 1.80 1.69 3,536,000 1,735,190.00
1.35 0.98 Filinvest Land,Inc. 1.26 1.28 1.24 1.26 0.00 3,293,000 (1,081,030.00)
3.80 1.21 Highlands Prime 1.69 1.70 1.67 1.67 (1.18) 51,000
2.14 0.65 Interport À 1.15 1.15 1.09 1.09 (5.22) 30,000
4.50 1.50 Keppel Properties 1.98 1.95 1.95 1.95 (1.52) 3,000 (5,850.00)
2.48 1.51 Megaworld Corp. 1.92 1.95 1.90 1.91 (0.52) 75,787,000 (63,473,930.00)
0.80 0.215 MRC Allied Ind. 0.1800 0.1830 0.1800 0.1820 1.11 1,030,000
0.990 0.072 Phil. Estates Corp. 0.6700 0.7000 0.6600 0.6700 0.00 8,912,000 14,280.00
0.71 0.41 Phil. Realty À 0.510 0.520 0.510 0.510 0.00 200,000
4.77 1.80 Polar Property Holdings 3.78 3.92 3.76 3.90 3.17 46,600 (46,400.00)
18.86 10.00 Robinsons Land `B 17.04 17.22 16.60 17.00 (0.23) 826,400 (1,026,256.00)
Rockwell 3.23 3.25 3.12 3.14 (2.79) 529,000 25,600.00
710.00 360.00 San Miguel Prop. 522.00 501.00 418.00 501.00 (4.02) 60
2.70 1.74 Shang Properties Inc. 2.52 2.59 2.52 2.52 0.00 458,000
9.47 6.50 SM Development À 6.17 6.20 6.18 6.20 0.49 118,200 (223,040.00)
18.20 10.90 SM Prime Holdings 12.80 12.90 12.80 12.84 0.31 2,983,600 186,306.00
1.14 0.64 Sta. Lucia Land Inc. 0.68 0.68 0.67 0.68 0.00 102,000
4.30 2.60 Vista Land & Lifescapes 4.180 4.170 4.110 4.140 (0.96) 2,595,000 (5,867,790.00)
S E R V I C E S
2GO Group 1.89 1.90 1.90 1.90 0.53 9,000
43.00 28.60 ABS-CBN 35.00 34.40 34.40 34.40 (1.71) 2,900
14.76 1.60 Acesite Hotel 10.36 10.50 10.04 10.50 1.35 74,800
9.30 7.30 Asian Terminals Inc. 8.61 8.70 8.70 8.70 1.05 10,000
0.5300 0.0660 Boulevard Holdings 0.1520 0.1530 0.1510 0.1510 (0.66) 12,090,000 760,000.00
Calata Corp. 7.95 9.50 8.02 9.44 18.74 11,620,700 1,826,941.00
98.15 62.50 Cebu Air Inc. (5J) 66.70 67.50 66.70 67.50 1.20 36,370 (328,998.00)
10.60 8.20 Centro Esc. Univ. 10.00 10.40 10.00 10.00 0.00 400
9.70 5.40 DFNN Inc. 6.00 6.01 5.77 5.77 (3.83) 16,400 (60,000.00)
1750.00 765.00 FEUI 940.00 940.00 940.00 940.00 0.00 860
1270.00 825.00 Globe Telecom 1070.00 1090.00 1060.00 1090.00 1.87 21,860 16,011,565.00
10.34 6.18 GMA Network Inc. 9.86 9.90 9.72 9.85 (0.10) 815,000
69.00 43.40 I.C.T.S.I. 68.05 67.95 67.25 67.90 (0.22) 1,720,680 4,000,636.50
0.98 0.34 Information Capital Tech. 0.420 0.400 0.400 0.400 (4.76) 10,000
6.00 4.00 IPeople Inc. À 5.50 5.70 5.50 5.70 3.64 3,500
4.29 2.20 IP Converge 4.14 4.15 4.10 4.15 0.24 413,000
34.50 0.123 IP E-Game Ventures Inc. 0.041 0.042 0.039 0.039 (4.88) 30,500,000 12,000.00
3.87 1.16 IPVG Corp. 1.05 1.07 1.05 1.07 1.90 30,000
5.1900 2.900 ISM Communications 2.5500 2.5800 2.5600 2.5800 1.18 35,000
3.79 1.58 JTH Davies Holdings Inc. 2.48 2.48 2.48 2.48 0.00 17,000
11.68 5.90 Leisure & Resorts 6.80 6.84 6.80 6.80 0.00 41,800
4.28 2.65 Liberty Telecom 2.80 2.85 2.80 2.85 1.79 11,000
3.00 1.00 Manila Jockey 1.95 2.59 1.95 2.45 25.64 6,337,000 (2,441,400.00)
21.00 17.20 Pacic Online Sys. Corp. 20.95 21.45 20.45 20.50 (2.15) 55,400
8.58 4.50 PAL Holdings Inc. 7.38 7.38 7.35 7.35 (0.41) 7,200
3.32 1.05 Paxys Inc. 2.82 2.90 2.83 2.85 1.06 201,000
10.00 4.60 Phil. Racing Club 9.45 9.21 9.20 9.20 (2.65) 60,000 72,680.00
60.00 17.02 Phil. Seven Corp. 43.00 43.50 43.00 43.00 0.00 40,200 1,725,000.00
17.18 14.50 Philweb.Com Inc. 16.40 16.40 16.30 16.36 (0.24) 211,400 (1,893,120.00)
2886.00 2096.00 PLDT Common 2348.00 2370.00 2346.00 2348.00 0.00 71,975 (37,761,900.00)
0.48 0.23 PremiereHorizon 0.315 0.330 0.320 0.330 4.76 1,180,000
23.75 10.68 Puregold 21.95 23.30 22.00 22.75 3.64 5,450,700 (26,923,865.00)
Touch Solutions 3.52 3.53 3.52 3.52 0.00 50,000
3.30 2.40 Transpacic Broadcast 2.70 2.70 2.65 2.70 0.00 11,000
0.79 0.26 Waterfront Phils. 0.410 0.410 0.400 0.400 (2.44) 650,000
MINING & OIL
0.0083 0.0036 Abra Mining 0.0046 0.0046 0.0040 0.0045 (2.17) 128,000,000
6.20 3.01 Apex À 5.00 4.98 4.98 4.98 (0.40) 1,000
6.22 3.00 Apex `B 4.83 5.28 5.28 5.28 9.32 1,000
25.20 14.50 Atlas Cons. À 18.00 18.10 18.00 18.08 0.44 66,400 531,520.00
31.00 20.00 Atok-Big Wedge À 33.00 33.00 33.00 33.00 0.00 200
0.380 0.148 Basic Energy Corp. 0.250 0.260 0.250 0.260 4.00 180,000 (40,000.00)
30.35 15.00 Benguet Corp À 24.00 23.70 23.50 23.60 (1.67) 6,100
34.00 14.50 Benguet Corp `B 24.50 23.70 23.20 23.50 (4.08) 25,700 (561,950.00)
2.51 1.62 Century Peak Metals Hldgs 1.50 1.55 1.49 1.49 (0.67) 237,000
50.85 4.35 Dizon 30.00 32.45 30.00 31.80 6.00 328,700 (34,100.00)
1.21 0.50 Geograce Res. Phil. Inc. 0.72 0.73 0.70 0.72 0.00 10,429,000
1.82 0.5900 Lepanto À 1.230 1.230 1.200 1.230 0.00 5,047,000
2.070 0.6700 Lepanto `B 1.250 1.280 1.260 1.280 2.40 8,899,000 (766,730.00)
0.085 0.035 Manila Mining À 0.0600 0.0610 0.0600 0.0610 1.67 27,450,000
0.087 0.035 Manila Mining `B 0.0630 0.0620 0.0610 0.0610 (3.17) 3,200,000
34.80 15.04 Nickelasia 28.70 28.70 28.50 28.60 (0.35) 240,500 2,863,360.00
12.76 2.08 Nihao Mineral Resources 8.98 9.20 8.91 8.98 0.00 546,800 (9,901.00)
1.100 0.008 Omico 0.7100 0.7100 0.7000 0.7100 0.00 261,000
8.40 2.12 Oriental Peninsula Res. 5.120 5.180 5.020 5.120 0.00 1,664,500
0.032 0.012 Oriental Pet. À 0.0190 0.0190 0.0180 0.0180 (5.26) 44,300,000
0.033 0.013 Oriental Pet. `B 0.0200 0.0200 0.0190 0.0190 (5.00) 11,100,000 (3,800.00)
7.14 5.10 Petroenergy Res. Corp. 5.90 6.09 5.82 5.82 (1.36) 35,500
28.95 17.08 Philex À 24.75 24.95 24.00 24.95 0.81 3,829,600 12,441,490.00
14.18 3.00 PhilexPetroleum 37.65 40.40 37.55 40.40 7.30 2,961,100 10,027,970.00
0.058 0.013 Philodrill Corp. À 0.045 0.046 0.044 0.045 0.00 288,200,000
252.00 161.10 Semirara Corp. 221.40 222.00 215.80 222.00 0.27 180,790 (13,274,172.00)
0.029 0.013 United Paragon 0.0180 0.0190 0.0180 0.0180 0.00 7,300,000
PREFERRED
47.90 27.30 ABS-CBN Holdings Corp. 34.60 38.50 38.50 38.50 11.27 400
First Gen G 100.50 100.90 100.80 100.80 0.30 7,220
11.02 6.00 GMA Holdings Inc. 9.85 9.99 9.52 9.70 (1.52) 3,037,200 (1,260,020.00)
116.70 106.20 PCOR-Preferred 112.20 112.20 112.20 112.20 0.00 5,000
80.00 74.50 SMC Preferred 1 75.10 76.00 75.10 76.00 1.20 15,700
WARRANTS & BONDS
0.210 0.00 Omico Corp. Warrant 0.0650 0.0970 0.0970 0.0970 49.23 60,000
TRADI NG SUMMARY
SHARES VALUE
FINANCIAL 223,511,26 156,8061,233.112
INDUSTRIAL 43,698,771 637,247,142.158
HOLDING FIRMS 36,181,723 640,271,744.86
PROPERTY 110,312,260 289,811,634.79
SERVICES 74,844,145 608,846,797.05
MINING & OIL 544,769,808 325,070,157,477
GRAND TOTAL 832,157,833 4,069,308,709.45
FINANCIAL 1,217.56 (UP) 10.51
INDUSTRIAL 7,660.31 (UP) 24.69
HOLDING FIRMS 4,330.95 (UP) 52.24
PROPERTY 1,808.09 (UP) 6.02
SERVICES 1,600.11 (UP) 1.67
MINING & OIL 23,662.65 (UP) 90.68
PSEI 4,952.74 (UP) 26.77
All Shares Index 3,312.18 9UP) 18.53
Gainers: 82; Losers: 69; Unchanged:46; Total: 197
STOCKS Close
(P)
Change
(%)
Omico Corp. Warrant 0.0970 49.23
MJCI Investments Inc. 5.35 40.79
Manila Jockey 2.45 25.64
Calata Corp. 9.44 18.74
ABS-CBN Holdings Corp. 38.50 11.27
Apex `B' 5.28 9.32
Pacica À' 0.0540 8.00
PhilexPetroleum 40.40 7.30
Roxas and Co. 1.60 6.67
Alliance Tuna Intl Inc. 1.46 6.57
STOCKS Close
(P)
Change
(%)
BHI Holdings Inc. 420.00 (30.00)
Manchester Intl. "A" 1.85 (19.57)
Mariwasa MFG. Inc. 2.54 (15.33)
Euro-Med Lab. 2.00 (12.66)
Mabuhay Holdings À' 0.450 (10.00)
Federal Chemicals 10.02 (8.74)
Victorias Milling 1.75 (7.89)
TKC Steel Corp. 2.22 (7.50)
Roxas Holdings 2.52 (5.97)
Asia Amalgamated A 4.53 (5.62)
TOP GAI NERS TOP LOSERS
CHIN WONG
DIGITAL LIFE
POOR Steve Ballmer.
No matter what he does, he always reminds me
of the late comedian Rodney Dangereld, whose
catchphrase I dont get no respect! might as
well have been coined for the Microsoft chief
executive.
Forbes this month continued that trend by tagging
him as the worst CEO of a large publicly traded
American company today and listed him at the top
of ve chief executives that should have already
been red (http://onforb.es/Kx4t5g).
Not only has he singlehandedly steered Microsoft
out of some of the fastest growing and most lucrative
tech markets [mobile music, handsets and tablets]
but in the process he has sacriced the growth and
prots of not only his company but ecosystem
companies such as Dell, Hewlett Packard and
even Nokia. The reach of his bad leadership has
extended far beyond Microsoft when it comes to
destroying shareholder valueand jobs, writes
Forbes contributor Adam Hartung.
Theres a statistical basis for Hartungs verdict.
When Ballmer took over from Bill Gates in 2000,
Microsoft peaked at $60 a share. By 2002, it had
fallen into the $20s, and has rarely made it back to
its current low $30s value.
Hartung blames Ballmers inability to execute
new roll-outs on time, and for creating products
so lacking in any enhanced value that they
left customers scrambling to nd ways to avoid
upgrades.
Windows Vista, which was launched years late
and to almost universal derision, springs to mind,
but Hartung also faults Ballmer for ubbing
company initiatives in music, tablet computing
and mobile phones. The company, under his watch,
has also failed to introduce products that excite
consumers or business users.
Microsoft is a PC company, nothing more,
as demand for PCs shifts to mobile. Years late to
market, he has bet the company on Windows 8as
well as the future of Dell, HP, Nokia and others. An
insane bet for any CEOand one that would have
been avoided entirely had the Microsoft Board
replaced Mr. Ballmer years ago with a CEO that
understands the fast pace of technology shifts and
would have kept Microsoft current with market
trends, Hartung concludes.
Although hes No. 19 on Forbes list of
billionaires, Mr. Ballmer should not be allowed
to take such incredible risks with investor money
and employee jobs. Best he be retired to enjoy his
fortune rather than deprive investors and employees
of building theirs.
Ouch.
The extent of the Windows 8 gamble became
clearer this week, when Microsoft announced that
it was altogether abandoning the attractive Aero
interface that worked nicely in Windows 7, for the
at, boxy mosaic menus designed for tablet and
mobile devices. Microsoft may believe that the at,
retro look is the new modern but its just plain ugly
to me.
Ballmer isnt the only technology chief executive
on the Forbes list.
At No. 5 is John Chambers, who has led Cisco
Systems since 1995, a time of rapid growth as
companies around the world began installing
networks.
But since then a combination of recessions that
cut corporate IT budgets and a market shift to cloud
computing has left Cisco scrambling for a strategy,
and growth, Hartung writes. From a high of $70 a
share in 2001, the companys stock now trades at
around $17.
Mr. Chambers appears to have been great at
operating Cisco as long as he was in a growth market.
But since customers turned to cloud computing and
greater use of mobile telephony networks, Cisco
has been unable to innovate, launch and grow new
markets for cloud storage, services or applications.
Mr. Chambers has reorganized the company three
timesbut it has been much like rearranging the
deck chairs on the Titanic. Lots of confusion, but
no improvement in results.
And there is no sign of new life for Ciscoas
each earnings call reinforces a company lacking
a strategy in a shifting market. If ever there was
a need for replacing a stayed-in-the-job too long
CEO it would be Cisco.
Years ago, on separate occasions, I had the
opportunity to see Ballmer and Chambers in
action. Both had the swagger and bluster you
might expect from leaders of top-notch technology
companies. Both impressed me, in their own way
Ballmer with his loud, in-your-face enthusiasm,
and Chambers with his easy condence that was
enhanced by his cool, southern drawl. Little did I
think at the time that either of them would be on
a Forbes list of worst CEOsbut this industrys
history is littered with folks who couldnt see what
was coming just around the corner when they were
still at the top of their game.
Column archives and blog at:
http://www.chinwong.com
STOCKS rose Monday, in line with
the movement of Asian markets after
opinion polls of Greek voters eased
concern the country will exit the euro
zone, stoking investor appetite for
emerging-market assets.
The Philippine Stock
Exchange index, the 30-
company benchmark, advanced
26 points, or 0.5 percent, to close
at 4,952.74, its highest in nearly
two weeks.
The heavier index representing
all shares also picked up 18 points,
or 0.6 percent, to 3,312.18, as
gainers led losers, 82 to 69, with
46 issues unchanged.
First Philippine Holdings
Corp. advanced 4.3 percent
to P70, after the company
announced it invested an
additional P1.8 billion in unit
First Gen Corp. Lopez Holdings
Corp. also rose 4.8 percent to
P5.91.
Puregold Price Club Inc.,
the nations second-biggest
operator of hypermarkets and
supermarkets, increased 3.6
percent to P22.75. The retailer
has acquired Gant Group of
Companies Inc., operator of 19
Parco Supermarket branches, a
stock-exchange ling showed.
Metro Pacic Investments
Corp. increased 1.3 percent to
P4.05, the highest close since
May 17. The company may
invite overseas partners if it wins
the contract to extend the LRT-1
project, president Jose Lim said.
Talks to sell a stake in Maynilad
Water Services Inc. to Marubeni
Corp. is progressing well, he also
said.
SM Investments Corp. gained
1.7 percent to P680, while
banking unit BDO Unibank Inc.
inched up 1 percent to P63.95.
BDO announced it would acquire
Rural Bank of San Juan and its
30 branches.
Security Bank Corp. added
5.3 percent to P134.50, ahead of
the banks annual stockholders
meeting today.
Newly listed Calata Corp.
climbed 18.7 percent to P9.44.
Philex Petroleum Corp. rose 7.3
percent to P40.4, on optimism
about the Sampaguita gas eld
in Recto Bank.
Meanwhile, Asian stock
markets also nudged higher
Monday after opinion polls in
Greece suggested the country
might stick with austerity
and stay in the euro common
currency.
The likelihood of Greece
leaving the euro has been
growing steadily since early
May, when political parties
opposed to the harsh terms of
the countrys nancial rescue
received unexpectedly high
support.
With Bloomberg, AP
(MST-May 29, 2012)
DEPARTMENT OF PUBLIC WORKS AND HIGHWAYS
Caraga, Region XIII
OFFICE OF THE DISTRICT ENGINEER
Agusan del Norte Engineering District
Butuan City
I NVI TATI ON TO BI D
DPWH INFRA -07- Standard Advertisement-Revised IRR
The DPWH DISTRICT ENGINEERING OFFICE, J. Rosales
Avenue,Butuan City, Agusan del Norte, through its Bids and Awards
Committee ( BAC ), invites contractors to apply to bid for the following
contract(s):
Contract ID: 12NA0018
Contract Name: Construction of Sangay Bridge & approaches
Contract Location: Buenavista, Agusan del Norte
Approved Budget for the Contract (ABC): P37,670,923.16
Contract Duration: 270 Calendar Days
Procurement will be conducted through open competitive bidding
procedures in accordance with R.A. 9184 and its Revised Implementing
Rules and Regulations.
To 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 at least equal to ABC, or credit line commitment for at least 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 application 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 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 signifcant times and deadlines of procurement activities are
shown below:
1. Receipt of LOI from Prospective Bidders June 6, 2012 at 10:00 a.m.
2. Issuance of Bid Documents May 25, 2012 to June 13, 2012
3. Pre-Bid Conference June 1, 2012 10:00 PM
4. Receipts of Bids June 13, 2012 8:00 to 10:00 a.m.
5. Opening of Bids June 13, 2012 10:15 a.m.

The BAC will issue hard copies of Bidding Documents (BDs) at DPWH
DISTRICT ENGINEERING OFFICE, Butuan City, Agusan del Norte, upon
payment of a nonrefundable fee of (P 20,000.00), each. Prospective
bidders may also download the BD's, if available, from the DPWH web site.
Prospective bidders that will download the BD's 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 IRR.
Prospective bidders shall submit their duly accomplishment forms as
specifed in the BD's in two (2) separate sealed bid envelopes to the BAC
Chairman. The frst envelop shall contain the technical component of the
bid, which shall include the eligibility requirements. 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 the post-qualifcation.
The DPWH DISTRICT ENGINEERING OFFICE, J. Rosales Avenue,
Agusan del Norte, 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 bidders.
Approved by:
(Sgd.) CLARO S. COMILING
Chief MQC Section
BAC Chairman
(MST-May 29, 2012)
Department of Public Works and Highways
Cebu 1st District Engineering Ofce
Regional Equipment Services Compound
V. Sotto Street, Cebu City
The Bids and Awards Committee (BAC) of the Department of Public
Works and Highways, Cebu I
st
District Engineering Ofce, through
its Bids and Awards Committee (BAC), invites contractors to bid for the
aforementioned project :
Item No. 1
Contract ID : 12HD0019
Contract Name : Repair/Rehabilitation/Improvement (Asphalt
Over l ay) al ong Bogo-Cur va-Medel l i n-
Daan b an t ay an Ro ad , KO121+720 t o
KO122+895, Antipolo Section
Contract Location : Medellin, Cebu
Scope of Work : Asphalt Overlay
Approved Budget for the Contract (ABC) : Php 9,899,311.83
Contract Duration : 15 Calendar Days
Funding Source : Special Road Support Fund (Fund 151)
Bid Document Fee : Php10,000.00
Procurement will be conducted through open competitive bidding
procedures in accordance with R.A. 9184 and its Revised Implementing
Rules and Regulations.
To 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 at least equal to ABC, or credit line commitment for at least
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 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 applications for registration, with complete requirements, and
issue the Contractor's Registration Certifcate (CRC). Registration Forms
may be downloaded at the DPWH website www.dpwh.gov.ph
The signifcant times and deadlines of procurement activities are
shown below:
1. Issuance of Bidding Documents : June 05, 2012 to June 15, 2012
2. Pre-bid Conference : June 04, 2012 at 2:00 p.m.
3. Receipt of LOIs from
Prospective Bidders
: June 05 2012 to June 08, 2012
4. Receipt of Bids : June 15, 2012 at 9:00 a.m. to 10:00 a.m.
5. Opening of Bids : June 15, 2012 at 11:00 a.m.

Prospective bidders shall submit their duly accompanied 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 the
bid, which shall include the eligibility requirements. 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 evaluation
and the post qualifcation.

The Department of Public Works and Highways Cebu I
st
District
Engineering Ofhce 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 the affected bidders.
Approved by:
(Sgd.) RICHEL A. VILLEGAS
BAC Chairman
NOTED:
(Sgd.) WILDREDO AV. ENCISO, CEO VI
District Engineer
(MST-May 29, 2012)
DEPARTMENT OF PUBLIC WORKS AND HIGHWAYS
Misamis Oriental First District Engineering Offce
Brgy. 26 Gingoog City
Tel./Fax No. (088) 861-1185
www.dpwh.gov.ph
The Bids and Awards Committee (BAC) of the Department of Public Works and Highways-
Misamis Oriental First District Engineering Offce (DPWH-MOFDEO), invites contractors to
bid for the projects as specifed below:
1)
Contract ID. : 12KK0024
Contract Name : Cluster IQ - 1) Asphalt Overlay of Existing Concrete Paved
National Roads Along BCIR. Drainage Canal from KM
1302+990 KM 1303+476 & Asphalt Overlay from KM
1302+990 - KM 1303+196.46,
2) Asphalt Overlay of Existing Concrete Paved National Roads
Along BCIR, KM 1307+556 - KM 1307+770.50 (Length=
214.50 ln.m.)
Contract Location : Butuan-Cagayan de Oro-Iligan Road
Scope of Work : 1) Drainage Canal: Length=486 In .m. (from KM 1302+990 -
KM 1303+476, 2) Asphalt Overlay: Length=206.46 In .m. (KM
1302+990 - KM 1303+196.46).2) Asphalt Overlay of Existing
Concrete Paved National Roads Along BCIR, KM 1307+556-
KM 1307+770.50 (Length=214.50 In .m.)
Availability of Fund : SARO# AMB-ROX-11-0006424 dated March 11 , 2011, under
the GAA FY 2012 RA 10147 EXTENDED REGULAR 2011
CONTINUING (SAVINGS)
Approved Budget for
The Contract (ABC) : Php 7,496,714.41
Contract Duration : 90 calendar days
Cost of Bid Documents : Php 10,000.00
LOI : (Free) D.O. No. 52 S. 2011
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 bid.
To bid for these contracts, a contractor must submit a Letter of Intent (LOI), purchase
bid documents and must meet the following major criteria: (a) prior registration with the
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 these contracts, (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 examination 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 signifcant times and deadlines of procurement activities are shown below:
Activities Schedule
Issuance of Bid Documents From May 25 to June 14, 2012,10:00 A.M.
Pre-bid Conference June 4,2012, 10:00 A.M.
Deadline for the Submission of LOI Deadline: 10:00 A.M. , June 14,2012
Opening of Bids June 14, 2012, 10:00 A.M
The BAC will only receive Contractors LOI/Expression of Interest (NR-003) and issue Bidding
Documents upon presentation of the original copies of their PCAB License and Contractors
Registration Certifcate (CRC) in person or thru their authorized representative as refected
in their CRC; Special Power of Attorney will not be accepted.
The BAC will issue hard copies of bidding documents (BDs) at BAC Secretariat, 3rd Floor
DPWH Building, Purok 5, Brgy 26, Gingoog City, upon payment of a non-refundable fee
of the amount stated above. Prospective bidders may also download the BDs from the
DPWH website if applicable. Prospective bidders that will download the BDs from the DPWH
website shall pay the said fees on or before the submission of their Bid Documents. The
Pre-bid Conference shall be open only to interested parties who have purchased the BDs.
Bids must be 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
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-qualifIcatIon.
The Department of Publ i c Works and Hi ghways-Mi sami s Ori ental Fi rst Di stri ct
Engineering Ofhce 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 bldder/s.
Approved:
(Sgd.) PEDRO M. MERCADO
OIC - Asst. District Engineer
BAC Chairman
Noted:
(Sgd.) OMAR P. DIRON
OIC-District Engineer
Business
ManilaStandardToday mst_biz@manilastandardtoday.com extrastory2000@gmail.com MAY 29, 2012 TUESDAY
B3
PDIC readies checks
for Tarlac depositors
Meralco, Japan firm tie up
Outstanding employer. Michael Bartusek (center), chief nancial ofcer of Sutherland Global
Services Philippines, receives the Peza Hall of Fame Award from President Aquino and Philippine Economic
Zone Authority director-general Lilia de Lima. Sutherland was elevated to the Peza Hall of Fame at the
Peza Investors Recognition Night held at the World Trade Center in Pasay City. The Hall of Fame elevation
was a tting climax to Sutherland winning its third Outstanding Employer Award last year. Sutherland in
seven years has grown from 150 employees and one location into a world-class workforce of over 13,000
professionals deployed across eight locations.
By Julito G. Rada
THE Board of Investments
granted scal incentives to the
P1.2-billion medical tourism
project of Providence Hospital
Inc. in Quezon City, the agency
said Monday.
BoI data showed the project,
located along Quezon Avenue
in West Triangle, involves the
establishment and operation of a
hospital with a 500-bed capacity
a day.
Undersecretary and BoI
managing head Adrian Cristobal
said the project supported
the Tourism Departments
investment-driven strategy to
increase the number of tourists
and tourism revenues in the
country.
We aim to make the
Philippines an attractive medical
tourism destination. Our well-
trained medical staff and
competitive medical services
put the Philippines in a strong
position to develop its medical
tourism market, Cristobal said.
The project, accredited by
the Tourism Department, will
employ 278 workers once
operations start in December
this year.
The 2011 Investments
Priorities Plan included tourism
as part of the mandatory list
under investments promotions
of the Board of Investments.
Tourism covers enterprises
outside the economic zones.
They could be engaged in
tourist transport services,
establishment and operations
of accommodation facilities,
convention and exhibition
facilities.
Also covered are amusement
parks, adventure and ecotourism
facilities, sports facilities, theme
parks, health and wellness
facilities, agri-tourism farms,
tourism training centers and
even retirement villages.
MANILA Electric Co., the power retailer
that sold its plants to the government
almost four decades ago, will team up with
a Japanese utility to build the Philippines
rst natural gas-red power plant in more
than 10 years to help reduce outages.
The proposed 1,500-
megawatt plant may be built
in the southern part of Luzon
with half the project likely to
be completed in late 2016, chief
operating ofcer Oscar Reyes
said in an interview at his ofce
on May 24. He declined to name
the Japanese company because
a feasibility study is still being
conducted.
Were now building our
own generation portfolio
to contribute to the issue of
adequate power and help
control prices, Reyes said.
Running power plants
will reduce Meralcos
dependence on generators
for supply while helping
secure electricity in a nation
faced with rising demand
and intermittent outages.
The company distributes
electricity in an area
accounting for half of the
nations economic output.
Foreign investors are taking
an interest in the Philippines
because theres a clear need to
increase our power capacity,
Alvin Arogo, an analyst at
DBP-Daiwa Capital Markets
Philippines, said.
Meralco currently buys
electricity from First Gen Corp.,
Aboitiz Power Corp., AES
Corp. and San Miguel Corp.
Chubu Electric Power Co.,
Mitsubishi Corp. and Marubeni
Corp. expressed interest in
buying power plants from
the Philippine government in
2003. A Tokyo Electric Power
Co., Marubeni venture in the
Philippines operates two power
plants, which they plan to
expand.
Japanese companies are
buying natural gas assets and
elds around the world, setting
the nation on course to be the
rst of the 10 largest energy
users to bet its future on a less-
polluting fuel.
The gas plant complex will
comprise four generation units
of 375-MW each. Two units are
scheduled to be completed in
late 2016 and the rest at least
two years later, Reyes said.
The facility will be in
addition to the 600-MW coal-
fired power plant Meralco is
building at the former Subic
naval base together with
partners. The Philippines
biggest power plant is the
1,200-MW Ilijan gas-fired
power plant in Luzon owned
by San Miguel.
Meralcos volume sales may
rise 9 percent in the rst half
after increasing 10 percent
in the rst quarter on higher
consumption in shopping malls,
business process outsourcing
ofces, construction and homes,
Reyes said. Sales this year may
increase about 5 percent as a
cooler second half hinders
growth, Reyes said.
Meralco shares fell 1.7
percent to P224 Monday.
Bloomberg
Medical
center in
QC gets
incentives
By Elaine R. Alanguilan
THE Philippine Deposit
Insurance Corp. said it will start
receiving, processing and paying
valid deposit insurance claims
of depositors of the closed First
Provincial Bank (A Rural Bank)
Inc. on June 1.
The Bangko Sentral placed
the insolvent rural bank under
the receivership of PDIC on
April 19. First Provincial, which
operated three branches, had
4,233 depositors with total claims
of P190.5 million as of June 30,
2011. The bank was owned by
Blesilo Florido Buan, Florido
Buan and Romina Canilao.
Claims of depositors who
maintained accounts at the head
ofce at McArthur Highway
corner Juan Luna St. in Ligtasan,
Tarlac City would be serviced at the
banks premises on June 1 to 13.
The state-owned deposit
insurer said claims of depositors
of La Trinidad branch will
be processed at the Gladiola
Convention Center in La
Trinidad, Benguet during the
same period.
It said for the Paniqui branch,
claims servicing will be from
June 1 to June 11 at the branch
premises located at M.H. del
Pilar Street, Paniqui, Tarlac while
claims of depositors of Balibago
branch will be serviced on June 1
to June 5 at the Clark Museum.
The PDIC announced earlier
it would issue priority numbers
to depositors starting May 31,
at the designated claims payout
venues.
The priority number
corresponds to a specic
appointment date when PDIC
representatives will service the
claims of depositors. Claims of
the depositors will be processed
onsite, and if found valid
and supported with complete
requirements, will be paid onsite.
The PDIC advised depositors
to secure their priority numbers
early. It said in case the priority
numbers issued to depositors
are beyond the schedule of
appointment dates, the depositors
may still le their claims with
the PDIC representatives.
These claims, however, will
be processed at the PDIC home
ofce in Makati City and notices
will be sent through mail.
B4
Provinces
Edited by Leo A. Estonilo www.manilastandardtoday.comleoestonilo@gmail.com
Merrymaking
and its provenance
Cooperatives eyed
to ease joblessness
Center for women, children pushed
Bataan patent
library to open
Luistro
to schools:
Accept all
students
Evangelical work and the grant of encomienda by Spanish
authorities in the 1500s helped form communities which gave rise
to new lifestyles and practices among the inhabitants.
The esta evolved from folk catholicism that blended indigenous
customs and beliefs with the christian form of worship brought by
the colonizers.
The Santacruzan and its merry mix of symbols expressed
communal thanksgiving for a bountiful harvest, celebrating life in
the countryside.
Sunduan is observed in Taytay, Rizal, together with a former town
component, Paranaque, which made up the province that covered
25 other localities at the turn of the century.
In La Huerta village, Councilor Benjo Bernabe escorts his wife
Kristine in festivities reliving the courtly tradition of bygone days.
In Dumaguete City, Negros Oriental, devotees join the oat of the
Queen of Hope, in the procession of Santa Cruz de Mayo.
DIPOLOG CITYMayor Evelyn
Uy and the Department of Social
Welfare and Development have
agreed to launch here the Government
Internship Program to provide gainful
employment for the young.
The city council authorized
a tie-up with DSWD-IX led by
director Teodulo Romo.
The internship, under the
agencys Kabataan 2000
project, aims to provide the
students, out-of-school youth
and professionals aged 18-30
years old with an opportunity to
hone their skills and abilities.
At least 17 participants were
assigned to various deaprtments
and sections of the city government
including day care centers.
Each intern working for a
maximum of 52 days will receive
a stipend of P267 per day.
Uy said the program would also
serve as a talent pool for future
employees of the local government.
Franklin P. Gumapon
Social welfare, mayor host internship program
BAGACThe Intellectual Property Ofce and Bataan Peninsula
State University are partnering to establish an Innovation and
Technology Support Ofce in the province.
Rep. Albert Garcia, of the 2nd district, said the patent library will
be located inside the main campus in Balanga City.
He said Director General Francis Gurry, of the World Intellectual
Property Organization, had commended the move as a boon to
international trade and industry.
With the research and development activities being
undertaken by BPSUits various researches, extension services
and commercialization activities, I believe that an ITSO within
the university set up will be greatly advantageous not only to the
institution but also to the community it serves, Garcia said.
IPO chief Ricardo Blancaor said the library would contribute to
economic, technological, and socio cultural development through
neffective use of the intellectual property system.
In the Philippines, scientists and researchers are generally
unaware of the rich source of information found in the world patent
databases, he said.
University president Deln Magpantay said the library would
help promote award-winning research works of the faculty and
students.Butch Gunio
MALAYBALAY CITY--Former
Senator Juan Miguel Zubiri is
calling on the business sector in
building up more than 20,000
cooperatives, citing their role in
creating new jobs and reducing
poverty.
We are appealing to
large private corporations
to patronize the goods and
services produced by our
co-ops, and in the process,
bolster them as viable small
enterprises, said the author of
the Cooperative Code of 2008.
With their fairly modest asset
base, co-ops tend to rely more on
hiring new workers, and less on
acquiring machinery and tools,
to increase their output of goods
and services.
As a result, he said co-ops are
fast emerging as potent drivers
of labor-intensive economic
production.
Zubiri made the statement
shortly after a Social Weather
Stations survey showed that
joblessness hit a new high in
the rst quarter, with some 13.8
million adult Filipinos without
work.
According to him, co-ops
now directly employ at least
201,225 Filipinos, with each co-
op having an average of 10 full-
time workers.
This is on top of co-ops
providing indirect employment
to another 141,260 persons,
Zubiri noted.
The United Nations has
declared 2012 as the International
Year of Cooperatives.
Citing Cooperative
Development Authority data,
Zubiri said the countrys 20,792
registered co-ops account for
nearly P210 billion in combined
assets.
THE House of Representatives wants a
resource development and crisis assistance
center for women and children in every
city and province.
House Bill 6155, principally
authored by Agusan del Norte
Rep. Ma. Angelica Amante-
Matba, Zamboanga City
Rep. Maria Isabelle Climaco
and Gabriela Party-list Rep.
Luzviminda Ilagan, seeks to
amend Rape Victim Assistance
and Protection Act of 1998.
The measure, which
substitutes House Bills 3447,
3148, 3151, 3333 and 3950,
entitles all women and children
who are victims of prostitution
and sexual exploitation;
domestic violence, abuse
and battery; rape, incest,
sexual abuse, harassment or
molestation; illegal recruitment,
trafcking and/or labor
exploitation and those who
are victims of armed conict,
natural or environmental
disasters who are suffering
from trauma due to the tragic
death or displacement of family
members, dislocation or loss
of livelihood to protection and
assistance by the Center.
The Center will undertake
programs geared towards
the development of maternal
and child health care, self-
enhancement and the
development of skills for
livelihood generation, social
communication, and other
related skills which will help
women and children to become
productive members of society,
Ilagan said.
It will also extend legal services,
medical assistance including
medico-legal examinations and
psychological counseling to
victims of rape and other cases
of violence against women and
children ensuring their privacy
and safety and undertake
activities related to moral
recovery and gender-sensitive
value formation, counseling,
rehabilitation and psycho-social
programs, she said.
Ilagan said the center, under an
inter-agency council under the
chairmanship of social welfare,
composed of representatives
from the Departments of Interior
and Local Government, health,
trade and industry, education,
Commission on Higher Education,
Technical Education and Skills
Development Academy, labor and
empolyment, justice, National
Economic and Development
Authority, Philippine
Commission on Women,
National Youth Commission,
Women and Children Protection
Desk and non-government and
peoples organizations with offcial
accreditations.
The bill also provides that the
Center shall provide temporary
shelter to abused women and their
children; assist rape victims or
victims of other forms of abuses
in the investigation to hasten
the arrest of offenders and the
ling of cases in court; provide
psychological counseling and
medical services when necessary
for the family of rape victims or
victims of other forms of abuses
and provide skills training or
livelihood assistance to survivors
of violence. Maricel Cruz
Santacruzan
caps the festive
month of May.
LINO SANTOS
White rock. Travelers to Northern Luzon ock
to Kapurpurawan, a natural rock formation in
Burgos, Ilocos Norte. MANNY PALMERO
Crossover. House Assistant Minority Leader and Leyte 1st district Rep. Ferdinand Martin FM Romualdez
(right) and San Miguel Mayor Prospero Brazil inspect a 100-meter footbridge in Barangay Impo completed
in time for school opening. VER S. NOVENO
By Gigi Muoz David

EDUCATION Secretary Armin
Luistro has directed ofcials of
the Department of Education
to take in all children of school
age in more than 45,900 public
schools nationwide.
DepEd communications
ofcer Kenneth Tirado in a
phone interview said school
heads were instructed to give
priority to residents before
accepting enrollees from other
localities.
More than 21 million students
are expected to come to class
on June 4, consisting of public
elementary (14 million), grades
7 to 10 (5.76 million), and
kindergarten (1.73 million).
Returning students in the
more than 10,500 private
schools are about three
million, she said.
Tirado said she expected a
smooth start for the K to 12
program amid reports of a
shortage of classrooms and
teachers.
With the implementation
of the new curricula in
Grades 1 and 7, the 10-point
education reform agenda of the
Aquino administration will be
realized, she said.
Enrollees and transferees
with incomplete documents
will be accepted in public
schools as well as children who
have never enrolled or are out
school for years, Tirado noted.

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