MINDANAO DAILY TRUTH. JUSTICE. PROGRESS.
Volume IX, No. 343
www.mindanaodailynews.com
Mon-Tue, October 12-13, 2020
P15.00
Sec. Andanar denounces ‘NPA atrocities’ in MisOr By NEF LUCZON
Cebu Pacific to raise USD500-M fresh capital THE Philippines’ leading carrier, Cebu Air, Inc. (PSE: CEB), seeks to raise up to USD500 million additional capital to strengthen its balance sheet and ensure that it is well-positioned to recover from the impact of COVID-19. CEB gave notice to the PSE that it will be seeking approval for the issuance of up to USD250 million in new convertible preferred shares, as well as another USD250 million in privately placed convertible bonds. It is envisioned that the approvals for the issuance of the preferred shares, as well as the con-
vertible bond, will be taken up in a special shareholders meeting to take place on November 20, 2020. The new convertible preferred shares will be made available to all stockholders, including JG Summit, giving opportunity for all investors to participate; while the privately placed convertible bonds, will be made available to a limited number of reputable international investors. “We need to create a longer runway for CEB so that we can continue providing affordable and accessible air transport See RAISE, page 11
NPA ATTACK. A truck and a backhoe burn when police authorities arrived at the quarry site in Barangay San Juan, Balingasag town, Misamis Oriental on Thursday (Oct. 8, 2020). Presidential Communications Secretary Jose Ruperto Andanar, who heads the Cabinet Officer for Regional Development in Northern Mindanao and the Regional Task Force in Ending Local Communist Armed Conflict, denounced the attacks. (Photo courtesy of Misamis Oriental provincial police)
C AG AYA N DE ORO CITY - Presidential Communications Operations Office Secretary Jose Ruperto “Martin” Andanar has denounced the recent atrocities committed by suspected New Peoples Army on two separate occasions in Misamis Oriental province. “It is unfortunate that in the midst of the pandemic, there is this war that disturbs the efforts of the government. This is not the time to burn trucks, equipment, or projects of the government. This is very below the belt,” Andanar said in Friday’s virtual press conference. Andanar, head of the Cabinet Officer for Regional Development in Northern Mindanao and
the Regional Task Force in Ending Local Communist Armed Conflict, was referring to the two incidents in Misamis Oriental, one in Claveria town, on Tuesday, followed by another burning incident in Balingasag town on Thursday. Northern Mindanao residents, he said, “are smart, politically aware, and wise” and will not be deceived by rebel propaganda. The Army’s 58th Infantry Battalion (58IB) arrested one of the NPA combatants in the Claveria attack early this week. The NPA is listed as a terrorist organization by the United States, the European Union, the United Kingdom, Australia, Canada, New Zealand, and the Philippines. (PNA)
Andanar’s kin succumbed to COVID-19
CAGAYAN DE ORO CITY)-Presidential Communications Operations Office (PCOO) Secretary Martin Andanar paid homage to former Santa Monica, Surigao del Norte Mayor and his uncle, Dr. Rumar Andanar, who succumbed to complications from coronaTeachers from Sambulawan National High School get ready to hold classes over the air virus disease (COVID)-19, at Savior Radio in El Salvador City, Misamis Oriental, as part of the compliance of non- October 12. physical learning set by DepEd during the Covid-19 pandemic. photo by gerry lee gorit
See SUCCUMBED, page 11