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Thursday 18, 2014 Vol.5,102015 No. 40 Saturday, December Vol. 11 No. 58
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NEDA RECOMMENDS IMPORTING MORE RICE, FOOD ITEMS AS INFLATION PICKed UP IN NOVEMBER TO 1.1 PERCENT
‘Food imports to arrest price spikes’
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By Bianca Cuaresma & Cai Ordinario
he National Economic and Development Authority (Neda) urged the government to “err on the high side” by importing food items to keep prices stable next year. Neda Deputy Director General Rolando G. Tungpalan said importing additional rice and other food items can help prevent foodprice spikes. “The government should err on the high side in determining food-import requirements in anticipation of El Niño to avoid foodprice spikes, which would be very detrimental to the poor, who spend over 60 percent of their budget on food,” Tungpalan said. He added that the faster implementation of the Roadmap to Address the Impact of El Niño (Rain)
INSIDE
fifa in shambles Sports BusinessMirror
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| SAturdAy, december 5, 2015 mirror_sports@yahoo.com.ph sports@businessmirror.com.ph Editor: Jun Lomibao
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‘DADDY MADE SOME MISTAKES’ N
ASSAU, Bahamas—Tiger Woods says he has a “fantastic” relationship with his ex-wife, and he has taken steps to explain to his two children what happened to their marriage. In a rare and extensive interview with Time magazine, Woods also shared the same sentiments about his future that he did on Tuesday at the tournament he is hosting in the Bahamas. He still wants to play golf at the highest level, though he is resigned that it might not happen if the nerve damage in his back doesn’t allow for it. The world’s former No. 1 player was interviewed by Canadian golf author Lorne Rubenstein at Woods’s new restaurant in Florida. They covered topics ranging from his greatest joy on the golf course to chipping sessions with Seve Ballesteros to his family. Woods, who turns 40 on December 30, says he has told eightyear-old Sam and six-year-old Charlie that his parents don’t live in the same house because “Daddy made some mistakes.” “I just want them to understand before they get to the Internet age and they log on to something or have their friends tell them something,” Woods said. “I want it to come from me so that when they come of age, I’ll just tell them the real story. “And so, that’s part of the initiative—’Hey, it was my fault, too. I was to blame’—and so I’m taking initiative with the kids,” he said. “I’d rather have it come from me as the source. And I can tell them absolutely everything so they hear it from me.” In the meantime, Woods said he is stressing to his children that they have two parents who love them. His marriage crumbled at the end of 2009, when he was exposed for having multiple extramarital affairs, and Elin Nordegren divorced him the following August. Woods endured leg injuries in 2011, got back to No. 1 in the world with eight victories in 2012 and 2013, and has been in a free fall because of back injuries since. He had surgery to alleviate a pinched nerve the week before the 2014 Masters and has had two more procedures in the same spot over the last three months. “One, I don’t want to have another procedure,” Woods told the magazine. “And two, even if I don’t come back and I don’t play again, I still want to have a quality of life with my kids. I started to lose that with the other surgeries.” Asked what he would have done differently before and after the scandal in his personal life, Woods said he would have had a more open, honest relationship with his wife. “Having the relationship that I have now with her is fantastic,” he said. “She’s one of my best friends. We’re able to pick up the phone, and we talk to each other all the time. We both know that the most important things in our lives are our kids. I wish I would have known that back then.” Woods last played on August 23, when he tied for 10th and thought the pain he experienced was from his hip. Instead, it was a recurrence of his back problems. The uncertainty of his health has led to plenty of speculation that his career might be over. “Put it this way. It’s not what I want to have happen, and it’s not what I’m planning on having happen,” Woods said. “But if it does, it does. I’ve reconciled myself to it.” AP
ASHINGTON—As members of Fifa’s executive committee prepared to vote on reforming soccer’s scandal-plagued governing body, Swiss government agents swept into a luxury hotel before dawn for a second wave of arrests on corruption charges in the wake of another sweeping indictment by US prosecutors. Five current and former members of Fifa’s ruling executive committee were among 16 additional men charged with bribes and kickbacks in a 92-count indictment unsealed on Thursday that took down an entire generation of soccer leaders in South America, a bedrock of Fifa and World Cup history. “The betrayal of trust set forth here is truly outrageous,” US Attorney General Loretta Lynch said. “The scale of corruption alleged herein is unconscionable.” Led away by Swiss federal police at Zurich’s Baur au Lac hotel were Juan Angel Napout of Paraguay, president of the South American confederation (Conmebol), and Alfredo Hawit of Honduras, head of the North and Central American and Caribbean governing body (Concacaf). The arrests—at the same hotel where initial raid occurred in May—came just before Fifa’s executive committee met to approve reform and transparency measures long resisted by soccer’s top leaders but ones that gained traction in the aftermath of the scandal. Rafael Callejas, Honduras president from 1990-1994 and a current member of Fifa’s television and marketing committee, was indicted, as was Hector Trujillo, a judge on Guatemala’s Constitutional Court. Also among those charged was Ricardo Teixeira, the president of Brazilian soccer from 1994 to 2012. Teixeira is a former son-in-law of Joao Havelange, who was Fifa’s president from 1974 to 1998. In addition, guilty pleas were unsealed for former Concacaf President Jeffrey Webb and former executive committee member Luis Bedoya. The 236-page superseding indictment was handed up by a grand jury in New York on November 25. Eleven current and former members of Fifa’s executive committee have been charged in the investigation, which alleges hundreds of millions of dollars in illegal payments over the past quarter-century that involved the use of US banks and meetings on American soil. The last three presidents of Concacaf and Conmebol have been indicted. “The message from this announcement should be clear to every culpable individual who remains in the shadows, hoping to evade this ongoing investigation: You will not wait us out and you will not escape our focus,” Lynch said. Honduras said later Thursday that the United States had requested Callejas’s extradition and the Central American nation would cooperate with Washington. “Nobody is above the law,” President Juan Orlando Her nandez’s government said in a statement. At a news conference in the capital, Tegucigalpa, Callejas said his lawyers were studying the accusations and considering what steps to take. “I will fight unwaveringly to clear up my legal situation in the United States,” the former leader said. Fourteen men were charged in May, when four additional guilty pleas were unsealed, with prosecutors alleging bribes involving the media and marketing rights for the Copa America, the Concacaf Gold Cup, World Cup qualifiers and other competitions. Eight more guilty pleas were unsealed on Thursday, including three by men indicted in May: Webb, marketing executive Alejandro Burzaco and Jose Margulies, described by prosecutors as an intermediary. Also pleading guilty were former Colombian Federation President Luis Bedoya and former Chilean Federation President Sergio Jadue. Webb, a Cayman Islands citizen who has been released on bail and is largely restricted to his home in Stone Mountain, Georgia, pleaded guilty to racketeering conspiracy, three counts of wire-fraud conspiracy and three counts of money-laundering conspiracy. He agreed to forfeit more than $6.7 million. One woman pleaded guilty. Zorana Danis, cofounder and owner of New Jersey-based International Soccer Marketing Inc., admitted to wire-fraud conspiracy and filing false tax returns, and agreed to forfeit $2 million. Fifa President Sepp Blatter, elected on May 29 to a fifth term running through 2019, said on June 2 he would leave office when a successor is chosen. Blatter was provisionally suspended by Fifa on October 8 for 90 days, as part of a separate investigation into a $2-million payment in 2011 to European soccer head Michel Platini, who hoped to succeed him when Fifa’s 209 membernations vote on February 26. Blatter also is under Swiss criminal proceedings. Blatter and Platini face lifetime bans from soccer at ethics hearings expected this month. Lynch would not respond directly to Blatter’s allegation that the inquiry resulted from US anger at losing to Qatar when the executive committee chose the 2022 World Cup host. “I think he’s probably spending a lot of time reading through” the indictment, she said during a news conference.
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LINDSEY VONN sits with Tiger Woods and his children, Sam and Charlie, during the Par 3 contest at the Masters golf tournament in Augusta, Georgia, in April. AP
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ALL-NEW ELANTRA Maria Fe Perez-Agudo, president and CEO of Hyundai Asia Resources Inc. (Hari); Richard L. Lee, Hari chairman emeritus; and Edward Go, Hari chairman of the board, present the all-new Hyundai Elantra. NONIE REYES
The indictments list a who’s who of soccer executives. “We still have a number of avenues under investigation,” Lynch said. Among those charged were Marco Polo del Nero, a Brazilian who served on the executive committee from 2012 until last week; Rafael Salguero, a Guatemalan who left the executive committee in May; former South American confederation Secretary-General Eduardo Deluca; former Peru soccer Federation President Manuel Burga; and current Bolivian Soccer President Carlos Chaves, already jailed in his own country for embezzlement. Napout and Hawit opposed extradition to the US at Zurich police hearings, Switzerland’s justice ministry said in a statement. “According to the US arrest requests, they are suspected of accepting bribes of millions of dollars,” the ministry said. “Some of the offenses were agreed and prepared in the USA. Payments were also processed via US banks.” The bribes are linked to marketing rights for the Copa America—including the 2016 edition hosted in the US—and World Cup qualifying matches. Hawit also was charged with attempting to obstruct the grand jury investigation by attempting in July to corruptly influence testimony before the grand jury. The government alleged that after he was indicted in May, marketing executive Aaron
Davidson alerted coconspirators to the possibility their conversations would be recorded and Hawit directed a coconspirator to create sham contracts to conceal bribe payments. Prosecutors said there was an argument over the failure of Fabio Tordin, a marketing executive who has pleaded guilty, to pay a $5,000 bribe to a Salvadoran soccer official as part of El Salvador’s appearance at an exhibition game in Washington, D.C., this spring. The Justice Department said the 12 people and two companies already convicted have agreed to forfeit more than $190 million, and also said more than $100 million in addition has been restrained in the US and abroad. The US has sought to restrain assets in 13 nations. Once again, Fifa was shaken ahead of a key meeting of its international leaders, who were set to approve expanding the World Cup field from 32 to 40 starting in 2026, but then put off that decision. The meeting did support some reforms in a process that responds to the dual American and Swiss federal investigations. “Events underscore the necessity to establish a complete program of reforms for Fifa today,” said interim Fifa President Issa Hayatou, who stepped in when Blatter was suspended. Modernizing changes include taking many decision-making powers from the executive panel, to be renamed the Fifa Council with more men and women members. Future presidents and council
members will be limited to 12 years in office and face stricter integrity checks. Fifa’s 209 members are to vote on the changes on the same day they elect a new president. Fernando Sarney, a Fifa executive committee member from Brazil, said the early-morning arrests tainted the meeting. “It was like someone had died, that was the atmosphere inside,” Sarney said. “Everybody was surprised, the feeling was like it’s happening again, that it’s something we think is personal.” The last six months have been the most turbulent period of Blatter’s 17-year reign as Fifa president and have damaged the governing body’s billion-dollar annual business. Asked about reports of a $100-million loss in 2015, acting Secretary-General Markus Kattner declined to say how much of Fifa’s $1.5-billion reserves have been spent on legal bills and making up a shortfall from a failure to sign new World Cup sponsors. “It is clear it’s not an easy year,” Kattner said at a news conference. “We had unforeseen additional costs, and also on the revenue side some challenges to cope with.” Blatter was re-elected Fifa president on May 29, two days after the first raid in Zurich by Swiss police resulted in seven officials arrested and criminal proceedings opening regarding “systematic and deep-rooted” corruption in soccer. AP
Wade, Heat melt Thunder; Celtics triumph in Mexico
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will soften its adverse impact on food prices. The national government recently decided to scale down its additional rice importation for the second quarter of 2016 due to an increase in planting intentions among farmers. The government already expects the arrival of 500,000 metric tons (MT) of rice in the first quarter. However, the extent of the El Niño and the recent onslaught of Typhoon Lando in the country’s rice bowl forced the El Niño task force to recommend additional rice imports.
IAMI—Dwyane Wade scored 28 points, including two free throws with 1.5 seconds left, as the Miami Heat topped the Oklahoma City Thunder, 97-95, on Thursday in a wild, back-and-forth game that featured 38 lead changes. In Wade’s 13-season career with the Heat, no Miami game ever had more than 31 lead changes. Chris Bosh scored 16 points, Goran Dragic added 14 and Josh McRoberts scored 12 for Miami, which survived when Russell Westbrook’s three-point try from the right wing bounced off the backboard as time expired. Westbrook and Kevin Durant each scored 25 for Oklahoma City, which missed a pair of three pointers in the final 10 seconds. Durant missed a three-pointer and Bosh grabbed the rebound, calling time with 7.7 seconds remaining. Denver’s Will Barton came off the bench to score
SPORTS
22 points and Danilo Gallinari added another 21 as the Nuggets stopped an eight-game losing streak by beating the Toronto Raptors, 106-105. Denver avoided its first nine-game losing streak since the 2002-2003 season, when it dropped 14 in a row. Joffrey Lauvergne had 14 points and 10 rebounds for the Nuggets, who made all 18 of their foul shots. DeMar DeRozan scored a Raptors’ season-high 34 points and Kyle Lowry had 16. In Mexico City Isaiah Thomas tormented his former team, scoring 21 points and leading the Boston Celtics over the Sacramento Kings, 114-97, in the National Basketball Association’s third regular-season game played in Mexico. Thomas, who played for the Kings from 2011 to 2014, scored 19 points in the first half. He shot eight-for-14 overall and had nine assists as the Celtics won for the
fourth time in five games. Kelly Olynyk added 21 points for the Celtics, while Avery Bradley and Jae Crowder each had 20. Rudy Gay scored 18 points and DeMarcus Cousins added 16 for the Kings. The Orlando Magic downed the Utah Jazz, 103-94, for their fifth straight win and best streak since January 2012 after Tobias Harris scored 17 points and had seven rebounds. Gordon Hayward led the Jazz with 24 points, five rebounds, four assists and two steals. Kawhi Leonard scored 27 points, shooting seven-fornine on three-pointers as the San Antonio Spurs defeated the Memphis Grizzlies, 103-83, while Portland’s Damian Lillard had 26 points and backcourt partner CJ McCollum added 21 as the Trail Blazers ended Indiana’s six-game winning streak, 123-111. AP
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CALIFORNIA GUNMAN IN TOUCH WITH EXTREMISTS
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HE Regional Trial Court in Quezon City on Friday issued a 20-day temporary restraining order (TRO) enjoining the Department of Transportation and Communications and the Land Transportation and Franchising Regulatory Board (LTFRB) from allowing transportation network companies (TNCs) Uber and GrabTaxi to operate in the country, even without
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the required franchises and certificates of public convenience (CPC). In a nine-page resolution issued by Presiding Judge Santiago Arenas, the trial court held that petitioner Angat Tsuper Samahan ng mga Tsuper at Operator ng Pilipinas Genuine Organization Transport Coalition Inc. (Stop and Go) was able to comply with the requirements Continued on A2
BOND YIELD RISES TO 3-YEAR HIGH P
hilippine bonds fell, pushing the five-year yield to a three-year high, after inflation quickened and the European Central Bank’s (ECB) stimulus announcement fell short of what some investors had anticipated. The yield on the sovereign notes due 2020 rose 11 basis points to 4.59 percent, the highest since October 2012, according to a noon fixing from Philippine Dealing & Exchange Corp. The yield has climbed 66 basis points this week, the most since May. Inflation accelerated to a five-month high of 1.1 percent in November, and exceeded the 0.7 percent median estimate in a Bloomberg survey, data showed on Friday.
The ECB cut its deposit rate by less than expected on Thursday and refrained from enlarging its bond-purchase program, which would have increased the flow of funds to emerging markets. The drop in the bonds was “a response to what the market deems as a disappointing move by the ECB,” said Bunny Bernardo-Recto, head of fixed income at CTBC Bank (Philippines) Corp. in Manila. The faster inflation also had an impact, she said. The peso strengthened 0.1 percent on Friday and this week to 47.08 a dollar as of 3:15 p.m. in Manila, according to prices from the Bankers Association of the Philippines. Bloomberg News
SC sends signal PHL ready to honor contracts in deciding in favor of SM By Joel San Juan
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U.S. Senate rejects more gun background checks
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Uber, GrabTaxi barred from streets for 20 days
HE Supreme Court (SC), voting 3-2, has slammed the door on the government’s bid to abandon its agreement with SM Land Inc. (SMLI) to subject to a competitive challenge, or popularly known as “Swiss challenge,” the P25.9-billion unsolicited proposal to acquire and develop a 33.1-hectare property in Bonifacio South in Taguig City. The SC said its ruling, which granted SMLI’s petition, was intended to send a strong message that “this is the conduct that the public should reasonably expect of the government,” which is to keep its contractual and legal obligations to the private sector. In a 13-page decision penned by Associate Justice Presbitero
PESO exchange rates n US 47.1550
J. Velasco Jr. the SC’s Special Third Division junked the second motion for reconsideration filed by the Bases Conversion and Development Authority (BCDA) through its President Arnel Paciano D. Casanova. Also trashed were the motions for intervention jointly filed by the Department of National Defense (DND) and the Armed Forces of the Philippines (AFP) seeking the reversal of the Court’s decision issued on August 13, 2014, and its resolution issued on March 18, 2015, denying the first motion for reconsideration filed by the BCDA. The SC, likewise, denied the plea of the BCDA to elevate the case to the Court en banc and to set it for oral argument. It reiterated its earlier findings that there exists a valid contract
between the BCDA and SMLI that has given the company the right to demand that its unsolicted proposal be subject to a competitive challenge. The SC noted that, under the agreement and the National Economic and Development Authority Joint Venture Guidelines, the BCDA is duty-bound to proceed with and complete the competitive challenge, after its negotiations with SMLI was concluded. “To allow the government to trample on the very rules it iself issued and to renege on its contractual and legal obligations by invoking the all-toofamiliar mantra of public interest, at any time it pleases, will only result in uncertainty in the application of laws, a trait inimical to the Rule of Law,” the SC explained. Continued on A2
See “Tour Operators,” A2
Villar SIPAG gives away Camella house and lot The Villars hand over the ceremonial key of a brand-new Camella house and lot to lucky OFW Summit winner Marlene Cacho (third from left). Leading the ceremony were Sen. Cynthia A. Villar (left), director of Villar Sipag; Vista Land Chairman Manny B. Villar Jr. and Las Piñas Rep. Mark A. Villar.
n japan 0.3849 n UK 71.4823 n HK 6.0848 n CHINA 7.3712 n singapore 33.8393 n australia 34.4474 n EU 51.6300 n SAUDI arabia 12.5686
Source: BSP (4 December 2015)