Businessmirror june 05, 2016

Page 1

media partner of the year

United nations

2015 environmental Media Award leadership award 2008

BusinessMirror A broader look at today’s business

www.businessmirror.com.ph

n

Sunday, June 5, 2016

Vol. 11 No. 239

P25.00 nationwide | 3 sections 16 pages | 7 days a week

The Greatest 1942-2016

In this May 25, 1965, file photo, heavyweight champion Muhammad Ali, then known as Cassius Clay, stands over challenger Sonny Liston, shouting and gesturing shortly after dropping Liston with a short hard right to the jaw in Lewiston, Maine. (Inset) Former President Ferdinand Marcos applauds, as challenger Joe Frazier (right) makes some remarks about Ali during their call on Marcos at Malacañang on September 18, 1975. Ali, the magnificent heavyweight champion whose fast fists and irrepressible personality transcended sports and captivated the world, has died according to a statement released by his family on Friday. Story on A8. AP

Unsolicited infra proposals faster to implement–Lim U.S.: China risks ‘Great Wall of self-isolation’ T By Lorenz S. Marasigan

Why oil prices and power rates keep on rising Database

Cecilio T. Arillo Part Two

The interesting story of Energy Minister Geronimo Velasco

T

O cover their tracks, President Aquino, through the Presidential Commission on Good Government (PCGG), subsequently charged the late Energy Secretary Geronimo Zamora Velasco with having allegedly committed corruption, only to be declared innocent by the Supreme Court later on. Continued on A6

CELEBRATING EASTER SEASON

Dear Lord, for Your glorious Resurrection and for Your saving death, let us all sing, Alleluia! For Your magnificent Ascension and for the glad tidings of the Gospel, let us all sing, Alleluia! For the marvels of the Spirit You sent, and for the gift of our daily discipleship, let us all sing, Alleluia! And for all the blessings and merciful guidance, let us rejoice for You have risen. Amen! St. Martin’s Newsletter, Shared by Luisa M. Lacson

@lorenzmarasigan

HE government has long been known to generally disapprove unsolicited proposals, but this method, according to a ranking official of a Filipino infrastructure conglomerate, is the way to go if infrastructure development is truly a priority of the state.

Metro Pacific Investments Corp. President Jose Maria K. Lim said the government must entertain proposals coming from the private sector, as they are faster to implement when compared to a regular tender. “We think unsolicited bids are actually faster to implement, because the proposals are usually well prepared by the private sector when they are submitted to the government,” he said in an interview. Lim said the government’s procurement process takes too long, owing to the needed approvals from several committees and boards. See “Infra,” A2

NHCP marker of Pampanga’s ‘nameless youth hero’ unveiled

M

By Joey Pavia | Correspondent

ACABEBE, Pampanga—The marker of the “nameless hero” who defied Spanish rule in the 16th century was unveiled in front of the municipal hall here on June 3. National Historical Commission of the Philippines (NHCP) Chairman Maria Serena I. Diokno and Mayor Annette Flores-Balgan led the simple ceremony for the unveiling of the marker dedicated to the “Ang Kabataang Pinuno ng Macabebe” or “The Youth Leader of Macabebe.” Diokno said it was the first time in the history of the NHCP that it issued a nameless marker. The youth leader is called Tarik Soliman by local historians and older Filipinos who have encountered the youth’s name in history books. He is believed to have lived in Pampanga around the 16th century. His real identity has not been fully established, but he is also known in Pampanga as “Bambalito.” See “Pampanga,” A2 AT the unveiling of the “nameless hero” marker in front of the Macabebe, Pampanga, municipal hall on June 3 are National Historical Commission of the Philippines (NHCP) Chairman Maria Serena I. Diokno (second from left) and Mayor Annette Flores-Balgan (second from right). Joining them are Municipal Council Secretary Marion M. Yambao (left) and NHCP’s Carminda R. Arevalo. LEO VILLACARLOS

PESO exchange rates n US 46.5630

U.S. Defense Secretary Ash Carter delivers a speech, titled “Meeting Asia’s Complex Security Challenges,” at the 15th International Institute for Strategic Studies Shangri-La Dialogue Asia Security Summit on Saturday in Singapore. AP/Wong Maye-E

C

HINA risks erecting a “Great Wall of selfisolation” in Asia over its actions in the disputed South China Sea, US Defense Secretary Ash Carter told a global defense forum in Singapore.

“There is growing anxiety in this region, and in this room, about China’s activities on the seas, in cyberspace and in the region’s airspace,” Carter said on Saturday in a speech to the Shangri-La security dialogue. He called China’s land reclamation in the South China Sea “unprecedented,” and urged it instead to join the US in cooperating on security in Asia. Continued on A2

n japan 0.4278 n UK 67.1764 n HK 5.9927 n CHINA 7.0742 n singapore 33.8566 n australia 33.6604 n EU 51.9317 n SAUDI arabia 12.4165

Source: BSP (3 June 2016 )


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
Businessmirror june 05, 2016 by BusinessMirror - Issuu