Rice farmers in strife-torn village yield bountiful harvest
See story, p.3
MINDANAO DAILY We innovate... and we lead!
Volume VIII, No. 192
www.mindanaodailynews.com
Thursday, January 10, 2019
Ayala to invest in PHINMA Energy AC Energy, Ayala’s energy platform, and PHINMA has inked a mutually strategic agreement in relation to AC Energy’s investment in PHINMA Energy Corporation (“PHEN”), on January 8, this year. AC Energ y will acquire PHINMA’s combined 51.48% stake in PHEN via a secondary share sale for approximately P3.42bn. This is based on the valuation date of December 31, 2018 and is subject to adjustments. Closing of the Transaction is subject to satisfaction of certain conditions, such as regulatory approvals, including the approval of the Philippine Competition Commission, and compliance with applicable tender offer requirements. AC Energy will also subscribe to approximately 2.632bn PHEN primary shares at par value. AC Energy and PHEN started a partnership in 2011 for the development, construction and operations of a 244 MW (net capacity) See INVEST, page 11
P15.00
Since
1923
One of the booths on display at the Misamis Oriental Provincial Capitol grounds in time for the 6th Kuyamis Festival 2019. photo by gerry lee gorit
‘Emano’ to Cagayanons: Support Pompee La Viña FORMER Cagayan De Oro City Mayor Vicente “Dongkoy” Emano urged the Cagayanons to support Pompee La Viña’s mayoral candidacy. Emano said that the people of Cagayan De Oro need a Mayor without records or cases of corruptions and ‘Pompee” is the candidate worthy of the people’s support. Emano is the running mate of La Viña, the standard bearer of the coalition Padayon Pilipino-Centrist
Democratic Party and Hugpong. Emano made the statement when asked about his expectation of Pompee as the City Mayor of Cagayan De Oro City. “Without a taint of corruption and having been tested as a top government executive,” La Viña is the Cagayanons’ best beat for the City Mayor come May 2019 election. He said that the people of Cagayan De Oro City See SUPPORT, page 11
(L) From the Ayala group: Jaime Augusto Zobel de Ayala, Fernando Zobel de Ayala, Eric T. Francia, Cora Dizon, and Atty. Solomon Hermosura; (R) from PHINMA: Dr. Magdaleno B. Albarracin, Victor J. del Rosario, Ramon R. del Rosario, Jr., Roberto M. Laviña, and Dr. Francisco L. Viray. photo supplied
Remaining Sokor trash may be adopted by Villar’s recycling program: Bambi By MARK FRANCISCO, Correspondent
THE remaining 78 percent of plastic trash left behind by Verde Soko Philippines Industrial Corporation will likely go to the recycling livelihood program of Sen. Cynthia Villar if plans don’t miscarry. In an interview, Misamis Oriental Gov. Yevgeny Vincente Emano revealed yesterday that he would propose to Villar the said matter when they meet later this month. Emano said that upon learning from Sangguniang Panlalawigan (SP) member Gerardo Sabal III that only 22 percent of the trash would be shouldered by See TRASH, page 11
BLACK NAZARENE FEAST DAY in Cagayan de Oro City. Thousands throng the streets in this city to join the procession of the Black Nazarene.
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