La Midweek Edition -- April 13 -- 15, 2016

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Los AngeLes

M I D W E E K M I D W E E K

EDITION

www.asianjournal.com

EApril D I 13-15, T I O2016 N

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Volume 26 - No. 29 • 3 Sections - 20 Pages

T h e F i l i p i n o –A m e r i c A n c o m m u n i T y n e w s pA p e r

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Pacquiao defeats Bradley in his final fight DATELINE USA

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fRoM The AJPReSS NEWS TEAM AcroSS AMEricA

by Agnes

ConstAnte AJPress

USPS stamps drop 2 cents

The United States Postal Service (USPS) on Sunday, April 10, dropped the price of postage stamps by 2 cents for the first time in almost a century. Stamps now cost 47 cents each, down from the 49 cents, a decline that’s expected to cost USPS $2 billion this year. The expected loss will make it more difficult for the government mail carrier to compete and provide services sought by customers. “Given our precarious financial condition and ongoing business needs, the price reduction...exacerbates our losses,” Postmaster General Megan Brennan said in a statement Thursday, April 7, as it filed a petition seeking a new rate-setting process. “This unfortunate decision heightens the importance of the review of our ratemaking system.” USPS is not funded by taxpayer dollars, and it depends on its own revenue sources – such as postage – to cover its operating costs. Stamp prices have typically risen to cope with inflation, but customers have paid an “exigent surcharge” in the last two years to help keep USPS alive during the Great Reces-

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USCIS reaches FY 2017 H-1B cap WAShINGToN – US Citizenship and Immigration Services (USCIS) has reached the congressionally mandated h-1B cap for fiscal year 2017. USCIS has also received more than the limit of 20,000 h-1B petitions filed under the U.S. advanced degree exemption. USCIS will use a computer-generated process, also known as the lottery, to randomly select the petitions needed to meet the caps of 65,000 visas for the general category and 20,000 for the advanced degree exemption. USCIS will first randomly select petitions for the advanced degree exemption. All unselected advanced degree petitions will become part of the random selection process for the 65,000 general cap. The agency will reject and return filing fees for all unselected cap-subject petitions that are not duplicate filings. Before running the lottery, USCIS will complete initial intake for all filings received during the filing period, which ended April 7.

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If Manny Pacquiao’s last time in the ring was indeed on Saturday, April 9, then he has ended his career on a high note. The filipino fighter who rose to fame in a rags-toriches storyline concluded what he has said would be his 12 final rounds as a professional boxer in a victory against two-time former WBo welterweight champion Timothy Bradley, Jr., an opponent he has faced in the ring on three occasions. Pacquiao announced he would hang his gloves up after Saturday’s bout to focus on serving the Philippines, where he is seeking to win a senate seat on the May 9 election. “As of now, I’m retired,” he said. “I am going to go home and think about [fighting again]. I want to go home with my family and serve the people.” But before he secured his victory, 37-year-old Pacquiao (58-6-2 Kos) gave millions of viewers around the world a fight that included knocking down Bradley (33-2-1) twice, in the seventh and ninth rounds. his performance resulted in a unanimous decision in his favor from the judges, who scored it 116-110. hBo commentators during the fight noticed what they said appeared to be some sort of problem with

FINAL FIGHT. After 12 grueling rounds, Manny Pacquiao emerged victorious via a unanimous against Timothy Bradley Jr. on Saturday, April 9 at the MGM Grand in Las Vegas. The judges scored 116-110, 116-110 and 116-110 in favor of Pacquiao. AJPress photos by Robert Macabagdal

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Six bets clash in the first Vice Presidential Debate RCBC vows to return part of stolen i J money to Bangladesh if found liable

debate about the country’s top issues. The debate that ran for more than three hours was hosted by CNN Philippines in coby Rosette Adel The first Commision on elections (Com- operation with Kapisanan ng mga Brodkaster Philstar.com elec)-organized debate had its vice presiden- ng Pilipinas (KBP) and Business Mirror, and tial leg last Sunday, April 10 held at the Quad- was moderated by CNN Philippines’ chief MANILA – The president of the ricentennial Pavilion, University of Santo correspondent Pia hontiveros and senior an- Rizal Commercial Banking CorpoTomas; with all six bets engaging in a heated u PAGE A3 ration (RCBC) on Tuesday, April 12 promised to compel his bank’s board members to give back part of the $81 million stolen from the central bank of Bangladesh if found guilty of money laundering. President-on-leave Lorenzo Tan made the vow when asked by Sen. Ralph Recto if the bank is open to the possibility of returning even a part of the $81 million. “So, if we are found liable, yes, I would recommend to the board to set aside certain sum of money,” Tan said. Recto first asked Tan about RCBC’s profit last year as well as its market cap and later on asked the bank president if they are affected by the money laundering issue. The senator suggested that Philippine vice presidential candidates squared off on a debate initiated by the Comelec and CNN Philippines on Sunday, April 10 at the University of Santo Tomas in Manila. In photo from (L-R) Sen. Alan Peter Cayetano, Sen. Chiz Escudero, Sen. its profit and market cap might Gringo Honasan, Sen. Bongbong Marcos, Rep. Leni Robredo and Sen. Antonio Trillanes IV. Inquirer.net photo improve if they will return a part by An AMotillo AJPress

SWS poll: Duterte, Marcos surge to top by Helen

FloRes Philstar.com

fIve weeks before the May elections, presidential aspirant Davao City Mayor Rodrigo Duterte and vice presidential bet Sen. ferdinand “Bongbong” Marcos Jr. have surged to the number one spot in the latest quarterly Social Weather Stations (SWS) survey. Duterte grabbed the lead from former frontrunner Sen. Grace Poe in the presidential race, the pollster said. Results of the SWS first quarter survey conducted from March 30 to April 2 showed that 27 percent of respondents preferred the tough-talking Duterte. Duterte’s rating was four points up from the 23 percent he obtained in the March 8 to 11 poll.

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Philrem in bigger trouble

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RCBC president-on-leave Lorenzo Tan said it will urge its bank board members to return part of the money to the Bangladesh Central Bank if found liable.

of the $81 million. Tan said the bank earned around P5.2 billion and had a market cap value of around P40 to P45 billion at present but admitted that its value is now 50 percent less of what it should be. “If we try about $80 million and 30 million masasauli, assuming lang, natira $50 million at rough-

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THURSDAY TO WEDNESDAY z APRIL 14-20

Presyong Sulit!

Now Open in Cerritos & Rancho Cucamonga!

by JeFFeRson

AntipoRdA And MAyvelin U. CARAbAllo ManilaTimes.net

PhILReM, the firm that remitted part of the $81 million stolen from the Bangladesh Bank, found itself in deeper trouble when Commissioner Kim henares of the Bureau of Internal Revenue (BIR) claimed that the firm is operating illegally. henares, one of the resource persons invited by the Senate blue ribbon committee investigating the money-laundering scandal, said Philrem has been using receipts not registered with the BIR. She presented a sample of a receipt issued by Philrem to its clients.

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