Mindanao Daily Northmin (May 21, 2015)

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Mindanao Daily NEWS northmin . westmin . caraga . davao Bringing Good News of Mindanao

Volume IV, No. 004 web portal: www.mindanaodailynews.com

Thursday

May 21, 2015

P15.00

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Ayala reports P5-b net income in Q1 AYALA Corporation posted P5.0 billion in net profits in the first quarter of the year, driven by sustained positive momentum in its real estate, banking, telecom, and electronics manufacturing businesses, while new businesses, particularly in power generation, have moved to execution phase. Without the effect of the P1.8 billion divestment gains from its business process outsourcing unit in 2014, Ayala’s first

quarter earnings grew 39 percent. With the divestment gain considered, net profit declined 8 percent. Ayala’s positive earnings momentum in the first quarter is further reflected in the 11 percent sequential growth from the strong fourth quarter results in 2014. The overall strong performance of Ayala’s business units in the first three

No ‘quid pro quo’ offered to pro-BBL solons: Palace See INCOME, page A11

P

r e s i de n t ia l Spokesperson Edwin Lacierda on Wednesday denied rumors that incentives have been promised to the congressmen in exchange for a positive vote on the Bangsamoro Basic Law (BBL).

Cops seize cache of firearms, nab 4 By GERRY LEE GORIT Correspondent

CAGAYAN de Oro City-Three people, including a gang leader, and two barangay kagawads were arrested by the police in Talakag town in Bukidnon at dawn on Monday for keeping unlicensed cache of firearms. Insp. Jiselle Longakit,

See FULL STORY, page A3

By CRIS DIAZ Executive Editor

Balingasag town marks 7th Lambangus Festival L ambangus Festival started in 2009 by Mayor Alexis Quina. For all the six THE 7th Lambangus Festi- years in the festival, Quina val opened last Monday in helmed the celebration. This Balingasag, Misamis Ori- year, chairmanship is being ental with the merriest salvo passed on the equally able being celebrated today at the Vice Mayor Marrietta Abogscenic Baywalk of the town. ado. Remarkably, it was also

See cache, page A11

‘Bloody’ demolition in Claveria averted

Balingasag Vice Mayor Marrietta Abogado poses with the kiddie participants of the 7th Lambangus Festival Run held last Monday, ushering in the festival’s seventh year in the picturesque town of Balingasag, Misamis Oriental. Pix supplied

By MARK FRANCISCO Staff member

spokesperson of Bukidnon provincial police office, said Kiram Ali, Barangay Kagawad Bryan Arcay, Barangay Kagawad Mohamad Ali, and Raul Ganihay, and his wife, Jocelyn, were arrested around 6:30 a.m. in Barangay Dagumbaan. Longakit said Ganihay, also known as Commander Round, is the leader

Abogado who paved the way for the Lambangus Festival to be a reality since she authored the ordinance creating the Balingasag Mariculture Park in 2007 when she was still a councilor chairing the agriculture committee at the municipal council.

Lambangus is actually a portmanteau of “lamian na bangus.” The festival started two years after Balingasag Mariculture Park was opened in 2007. Since then, the town never looked back. Even though Balingasag See festival, page A11

MISAMIS Oriental--Local officials averted the possible bloody confrontation between a large group of farmers and a demolition team in Misamis Oriental last Tuesday. The local court has issued a writ of demolition of houses of some 100 farmers over the contested farmlands of about 200 hectares in the

farming village of Plaridel, in Claveria, Misamis Oriental last Tuesday. About 600 farmers, including women and children, braced for a “do-ordie” resistance against the scheduled demolition that cooled off with the timely intervention of local officials and the Department of Agrarian Reform (DAR), a group leader said. Rudy Elivera, a leader See bloody, page A11

Editorial: e-mail: mindanaodailynews@gmail.com • Advertising: e-mail: mindanaodaily.ads@gmail.com Contact: 0917-7121424, 0947-8935776


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