Issuu

SE ASIA BRACES FOR RETURNING ISIS FIGHTERS MANADO, Indonesia—Indonesia and Australia on Saturday called for stronger cooperation in counter-terrorism as the region braces for the return of foreign militants ﬁghting in the Middle East. In a one-day gathering in North Sulawesi of six nations including Malaysia, the Philippines, New Zealand and Brunei, ministers discussed terrorism in Southeast Asia and fears over Islamic State unrest in the Philippines, where government forces are pitted against Is-

lamist gunmen holed up in Marawi City. “Global terrorism is that lethal threat to all of our societies and with the collapse of the caliphate in the Middle East, the return of foreign terrorist ﬁghters to our region and the increasing prevalence of cross border terorism... [the threat] is becoming more severe, not less,” Australian Attorney-General George Brandis told a post-meeting press conference. Indonesian chief security minister Next page VOL. XXXI • NO. 167 • 4 SECTIONS 20 PAGES • P18 • MONDAY, JULY 31, 2017 • www.manilastandard.net • editorial@thestandard.com.ph

Mayor, 11 others killed in drug raid Wife among fatalities; Ozamis vice mayor nabbed By Florante S. Solmerin and Francisco Tuyay

HE mayor of Ozamiz City, tagged by the administration as a narco-politician, and his wife and relatives were shot dead in a police raid Sunday, the latest casualties in President Rodrigo Duterte’s bloody war on illegal drugs.

Ozamiz Mayor Reynaldo Parojinog was identiﬁed by Duterte last year as among mayors involved in the illegal drug trade. Two other mayors he tagged were also killed last year. Parojinog was killed Sunday along with 11 others, including his wife Susan, other members of his clan and his bodyguards, in

DRUG WAR CASUALTIES.

a dawn raid on his home, police said. “Police were serving a search warrant when the security guards of the mayor ﬁred at them so our policemen retaliated,” police regional spokesman Supt. Lemuel Gonda said. Police said the exchange of ﬁre lasted almost two hours. Next page

Ozamis City Mayor Reynaldo Parojinog, whom President Duterte linked to the illegal drug trade, his wife and 10 other people died when his bodyguards allegedly exchanged ﬁre with policemen who were serving a search warrant on Sunday. Lower panel shows a ﬁle photo of Vice Mayor Nova Princess Parojinog doing the ‘besobeso’ with National Police director general Ronald dela Rosa who paid a surprise visit to the Ozamis Police Station on Jan. 11, 2017 to check on the status of then city police chief Jovie Espenido. OZAMIS WEBSITE/GRAPHICS BY AFP

BIFF blamed for attack Rody’s critic wants leftists out of Cabinet Macon Ramoson governor’s chopper ByAraneta and John Paolo COTABATO CITY—Police and military forces are hunting down members of the Bangsamoro Islamic Freedom Fighters who tried to shoot down a private chopper carrying Maguindanao Gov. Esmael Toto Mangudadatu and his brother Saturday, police said Sunday. Mangudadatu and his brother Mayor Freddie Mangudadatu of Mangudadatu town, Maguindanao, were aboard a helicopter piloted by Capt. Dennis Figueroa en route to the Army’s 6th Infantry Division headquarters for a speaking engagement when the shooting occurred over the town of Datu Salibo. They were all unharmed. ”We are hunting them down, we have intelligence information about the attackers,” Senior Supt. Agustin Tello, Maguindanao provincial police director, said.

Mangudadatu who was seated beside the pilot of the three-seat aircraft said a bullet almost hit his head. A bullet hole was found in the right window. The Maguindanao police were backed by members of the 40th Infantry Battalion. Tello said the gunmen ﬁred at the chopper as it passed above Sitio Dagading, Barangay Tee, Datu Salibo town at 10 a.m. A day earlier, BIFF members who pledged allegiance to Islamic State, set off an improvised bomb that injured nine soldiers of the 40th IB in Raja Buayan, a few kilometers from Datu Salibo. Mangudadatu has been known for his hard stance against jihadists believed to be hiding in Maguindanao. Datu Salibo is a known bailiwick of the BIFF. PNA

Mission accomplished? PCGG has to go—Koko SENATE President Aquilino “Koko” Pimentel III said he is open to reviewing the reason for the continuous existence of the PCGG which is a single function agency. “It has been there with a single objective, which at this time, that has already been achieved,” said Pimentel. Malacañang has announced that it would transfer the remaining functions of the PCGG to the Department of Justice under the

proposed rightsizing bill, one of the legislation President Rodrigo Duterte wanted Congress to prioritize. The PCGG decried in a statement the plan to abolish their agency, saying they had effectively raised non-tax revenues. It claimed to have recovered at least P170 billion in cash over the course of 30 years with an overall budget of P2.9 billion for the same period. Next page

Bencito

SENATOR Antonio Trillanes IV on Sunday called on President Rodrigo Duterte to kick out leftist members of his Cabinet after he ordered the Armed Forces to go

after the communist New People’s Army. Trillanes, a stanch critic of the President, said he has received information from the military that hundreds of cadres from the Communist Party of the PhilippinesNPA are now ofﬁcially employed in various government agencies.

He enumerated these government ofﬁces as the Department of Social Welfare and Development headed by Secretary Judy Taguiwalo, the Department of Agrarian Reform headed by Secretary Rafael Mariano, the Department of Labor and Employment headed by Secretary Silvestre Bello III,

the National Anti-Poverty Commission headed by Secretary Liza Maza and the Housing Urban Development Coordinating Council headed by retired military ofﬁcial Eduardo del Rosario. Taguiwalo, an activist who helped organized the militant Next page

Senate minority backs tax reforms By Macon R. Araneta

STORMY SUNDAY. A gaggle of churchgoers hold onto their umbrellas amid strong winds brought about by tropical storm ‘Huaning’ on Sunday. Ey Acasio

‘Huaning’ threatens Ilocos, Cordilleras ANOTHER storm entered the Philippine area of responsibility on Sunday following the exit of Typhoon “Gorio.” The weather bureau said tropical storm “Huaning” intensiﬁed slightly and accelerated while moving toward Taiwan. It was estimated 185 kilometers northwest of Basco, Batanes,

packing maximum sustained winds of 80 kilometers per hour near the center and gusting at up to 110 kph. It was forecast to move north at 24 kph and to affect Central and Northern Luzon. Batanes, Ilocos Norte, Ilocos Sur, Apayao, Abra and northwestern Cagayan, including the Babuyan Group of Islands, were

placed under tropical cyclone warning signal no. 1. Several Manila-Taipei and Taipei-Manila ﬂights were canceled on Sunday due to bad weather in Taipei. The rainfall to be brought by Huaning will be moderate to heavy within its 500-kilometer Next page diameter.

SENATE Minority Leader Franklin Drilon on Sunday assured the passage in the Senate of President Rodrigo Duterte’s proposed tax reform package but said it will not be “full” as requested by the Chief Executive. He told dzBB radio that there are many things being studied in the tax package, and that it would not be allowed to pass in its present form. “The most that we are objecting is the tax on oil since it will adversely affect our small countrymen,” Drilon said. “If we are to impose the additional six-peso tax on oil, the prices of all commodities will increase.” Drilon said that while the government had been talking about lowering the income tax, the loss from it would be recouped from the added tax on fuel, gasoline and diesel. Next page

News

MONDAY, JULY 31, 2017

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Probe shabu in ‘express lane’ V

ALENZUELA City Rep. Wes Gatchalian on Sunday called fellow lawmakers to probe the Bureau of Customs for the entry on May 23 of a cargo from China containing 505 kilos of shabu with an estimated value of more than P6 billion. He ﬁled House Resolution 1057 to call for a probe, and the House committee on dangerous drugs set a hearing at 10 a.m. on Aug. 1

Gatchalian made his call even as three suspects were killed during an alleged shootout with operatives of the Manila Police District in a buy-bust operation in

Tondo, Manila, Saturday night. The MPD identiﬁed the suspects as Leonardo Dela Cruz alias Bebe, Rodrigo Albos alias Digoy, and Reynaldo Dela Cruz alias Nognog, all residents of Tondo. The MPD said its operatives were able to purchase P500 worth of shabu from Bebe. Under House Resolution 1057, Gatchalian asked why Customs allowed the cargo to pass through the green lane “notwithstanding the fact that compared to other cargoes carrying the same de-

clared contents, the subject cargo weighed nearly twice the normal weight.” “I am calling for this investigation because people have to be accountable in this government,” Gatchalian said in a statement. The illegal shipment was discovered on May 30 when a team from Customs and the National Bureau of Investigation raided a warehouse on Aster Street in Paso de Blas, Valenzuela City. The consignee of the cargo was identiﬁed as EMT Trading.

“First of all, allow me to congratulate our law enforcement for their successful seizure and apprehension of those illegal drugs. The people of Valenzuela are one with you in making sure that our city is drug-free,” Gatchalian said. “I would also like to take this opportunity to warn those who would attempt to make our city a haven for their nefarious activities that we will not tolerate any of these and that our local police force will work 24/7 until every single laboratory or warehouse

sheltering these illegal drugs are found out.” Surigao del Norte Rep. Robert Ace Barbers, chairman of the House committee on dangerous drugs, said the entry of the shabu undermined the President’s war on drugs. Antipolo City Rep. Romeo Acop of Rizal, chairman of the House committee on public order and safety, said the incident was a big insult to the government. Rio N. Araja and Sandy Araneta

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Wiranto said the delegations had agreed to hold regular meetings to allow information to be shared and to establish a database of militants to keep track of their movements. “We will also push for a cooperation with companies that provide social media services as well as video sharing and messaging service,” Wiranto said. Indonesia recently announced restrictions on the popular messaging app Telegram after claiming the platform had been used frequently by radicals to spread information and propaganda. Parts of Southeast Asia have long struggled with Islamic militancy, with hundreds of radicals from the region ﬂocking to join IS in Iraq and Syria. AFP

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Senator Chiz Escudero is seeking a full accounting and inventory of all the assets recovered by the Presidential Commission on Good Government since it was created to run after the illegally amassed wealth of the Marcoses and their allies, before the administration moves to abolish it. Before any talks on PCGG’s abolition commence, Escudero, chairman of the Senate Committee on Banks, Financial Institutions and Currencies, wanted the agency to come up with a detailed report on the value of each asset it has recovered at the time of its sequestration, as well as its present value. Escudero said a mere cursory observation of some of the wellknown sequestered assets of the PCGG like paintings, jewelry, buildings and shares of stocks would show their undue depreciation and absence or lack of due diligence in its care and preservation, not to mention the losses that were reported, too. “It would be too much to bear to ﬁnd out that recovered assets pilloried from the state is squandered the same by the agency tasked to run after it,” he said. “We want to see accountability, as with any other government institutions,” he added. In its 2016 report, the Commission on Audit has called out the PCGG for the six paintings reported missing since 2012. The state auditor also said in the same report that most of the artworks recovered have been damaged and in state of deterioration. “These reports are yet unanswered. If there is failure to protect and preserve sequestered assets, then abolition this time may lead to the unintended consequence of hiding misdeeds committed by the agency in the past,” Escudero said. Macon Ramos-Araneta

ENVIRONMENT GRANT. Asean Center for Biodiversity executive director Roberto Oliva (right) and Charge d’Affairs of the European Union Delegation to the Philippines Mattias Lentz sign the grant agreement between the ACB and the European Union for the Biodiversity Conservation and Management of Protected Areas in Asean. Also in photo are former DENR chief Ramon Paje (left), DENR Secretary Roy Cimatu (5th from left) and other Asean foreign delegates at the University of the Philippines in Los Baños Laguna on Saturday, July 29,2017.

Senate...

Mayor,...

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“That’s part of our legislative agenda. We will work to pass it but not in the form submitted by Malacañang,” Drilon said, adding that they could eliminate the suggested six-peso increase in oil taxes. “We cannot approve hook, line and sinker what was given to us,” Drilon said. Senator Sherwin Gatchalian said the economic managers should also present the negative impact of the administration’s tax reform package. “I trust the economic managers are giving the President [the] full view of the entire comprehensive tax reform,” he said. Gatchalian, a member of the Senate ways and means committee, made the statement after Duterte appealed to the Senate to pass the tax reform proposal as it was. Several senators earlier said they could not support the proposed TRAIN or Tax Reform for Acceleration and Inclusion Act as a package. They opposed the provisions on an additional excise tax on oil, new taxes on sugar-sweetened beverages, and the lifting of the value-added tax exemption on socialized and low-cost housing. Gatchalian said Duterte and his economic managers should be open to compromises on the tax reform package. “I’m very optimistic that we will find a solution,” he said. “I think everyone wants infrastructure, everyone wants a better life for our families and we need revenues for that. We should also look at the impact of it all on our family’s lives.” Senator Joel Villanueva said government agencies should first address the problems of absorptive capacity while Congress must review the procurement laws before raising new taxes. “I agree with President Duterte that Congress should revisit our procurement laws, it’s the major reason why there’s a big chunk of still unused funds,” he said. Senator Panfilo Lacson earlier said the Duterte administration should address government underspending before it asks for a law that would increase taxes.

Reports identified the other fatalities as Misamis Occidental Board Member Octavio Parojinog Jr., brother of the mayor; a certain Lydia and JR of Lumad TV; civilian volunteer members Miguel del Victoria; Nestor Cabalan; and Daniel D. Vasquez. Police have yet to confirm the names or to identify the four others who were reportedly security aides of the Parojinogs. Parojinog’s daughter, Vice Mayor Nova Echavez, was arrested and her children were handcuffed. Officers recovered M-16 rifles and .45 cal pistols, grenades, ammunition as well as shabu or methamphetamine in the raid, provincial police chief Jaysen De Guzman said. Duterte won the presidency last year promising to kill tens of thousands of criminals to prevent the Philippines from becoming a narcostate. Since he took office, police have reported killing nearly 3,200 people in the drug war. More than 2,000 other people have been killed in drug-related crimes, according to police data. Rights groups say many of those victims have been killed by vigilante death squads linked to the government, and that Duterte may be overseeing a crime against humanity. In a speech last year, Duterte said Parojinog was among mayors involved in the illegal drug trade. Police said Sunday they had conducted surveillance on Parojinog

Rody’s...

‘Huaning’...

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women’s organization Malayang Kilusan ng Kababaihan was nominated by National Democratic Front to the President to lead the DWSD. Mariano, former Anskpawis party-list representative, was also nominated by the NDF to Duterte to be the DAR secretary. Also known as “Ka Paeng,” Mariano is the chairman of the Kilusang Magbubukid ng Pilipinas a militant farmers’ group that has led many protests against the Aquino administration’s implementation of agrarian reform and agriculture programs. Bello, a former Justice secretary, was involved with the NDF-

The weather bureau said Huaning will continue to enhance the southwest monsoon, which will bring moderate to occasionally heavy rain over the western section of Northern and central Luzon and cause possible ﬂooding and landslides. “Sea travel remains risky over the seaboards of Northern Luzon and the western seaboard of Central Luzon,” the weather bureau said. Huaning was expected to make landfall over southern Taiwan on Sunday night. Rio N. Araja, with PNA

CPP/NPA having served as chairperson of the government peace panel negotiating with the communist rebels. Maza was a former party-list representative of Gabriela and Bayan Muna and had led several protest actions on various issues against previous administrations. Duterte had earlier offered at least four departments to the communists, but recently engaged its founder and leader Jose Maria Sison in a word war. Trillanes pointed out that these communists were using the resources of their government ofﬁces to stockpile arms and ammunition, which they would use later on against government soldiers. Before his second State of the Nation Address, Duterte said he would no longer pursue peace ne-

based on the President’s remarks. “He has many security personnel who carry unlicensed firearms,” regional police chief Timoteo Pacleb told radio dzMM. Two other mayors Duterte mentioned in his so-called “drug list” were killed last year. In November, Rolando Espinosa, the mayor of Albuera town, was killed in his cell during a night-time raid in a provincial jail. Duterte had defended the officers involved in the raid and ordered their reinstatement, with critics saying the decision would worsen the nation’s “culture of impunity.” In October, Samsudin Dimaukom, the mayor of Saudi Ampatuan, was killed in a shootout at a police checkpoint on suspicion he and his security personnel were transporting illegal drugs, authorities said. The policemen responsible for serving six warrants on four separate properties of the mayor’s estate are under the supervision of Supt. Jovy Espenido, who was police chief of Albuera, Leyte, when Espinosa was killed inside the Baybay City subprovincial jail last year. Ozamis City legal officer Jeffrey James Okang said in a radio interview that Nova, the mayor’s daughter, was requesting a transfer to the National Bureau of Investigation for fear she might be assassinated by people out to silence the rest of their clan. “It seems like Part 2 of the Espinosa case,” Okang said, referring to the dawn raid on the Baybay City jail that the NBI had described as a

gotiations with the left, after the NPA ambushed a convoy with members of his security detail. The President also ordered the police and military to go after the communist rebels when they are done with the Marawi siege by Islamic State-inspired terrororists. Sison on Sunday taunted Duterte, calling him the country’s “No. 1 drug addict.” Sison also called his former student a “coward” for killing poor people ‘extrajudicially’ by the thousands while retracting his previous public threats against alleged drug protectors and syndicates. “As an addict user of the opioid Fentanyl, Duterte is the No. 1 drug addict in the Philippines and is the most ﬁtting target of the police units that he has turned into death

rubout. Nova denied that she was in a relationship with drug lord Herbert Colangco, who is detained in the national penitentiary. Senator Panﬁlo Lacson, who was critical of the Espinosa raid, said “at least this time, the mayor and the others killed were not under detention in a government facility.” Lacson, a former police chief, said the people killed insided the house of Parojinog were capable of shooting it out with the authorities. He noted that the slain mayor’s father, Octavio Sr., was the founder of the notorious Kuratong Baleleng gang that started out as an anti-communist group under the supervision of the military that, over time, became a criminal group engaged in kidnapping, robbery, extortion and other illegal activities. As head of the Presidential AntiCrime Commission (PACC), Lacson was charged with murder before a Quezon City Regional Trial Court for the alleged summary execution of 11 Kuratong Baleleng gang members in Quezon City in 1995. The trial court, however, dismissed the criminal case, citing the absense of probable cause. An attempt to revive the case was shot down by the Supreme Court. A Palace spokesman on Sunday said the administration would intensify its anti-drug campaign. “The Parojinogs, if you would recall, are included in [the President’s] list of personalities involved in the illegal drug trade,” said Presidential Spokesman Ernesto Abella. With Sandy Araneta and AFP

squads and corrupted with money and promotions,” Sison said. Duterte, an admitted user of Fentanyl to ease the pain from his spinal injuries, previously said that he took more than the required dosage of the pain reliever that made him feel like he was “on cloud nine.” Sison took Duterte to task for the resurgence of the illegal drug trade in the New Bilibid Prison, while low-level drug addicts are being killed by the thousands. “But many people, including his so-called diehard supporters, are waking up to the fact that the illegal drug trade continues to thrive even in Bilibid and that Duterte has been favoring certain drug lords by delivering the street market to them where the low-level pushers of other drug syndicates

have been slaughtered,” he added. Sison cited as examples of Duterte’s cowardice how he had made threats against suspected Cebu-based drug lord Peter Lim, Gov. Amado Espino of Pangasinan and retired general Marcelo Garbo, whom he accused of protecting the biggest drug syndicates, only to retract them later. “But he has enjoyed the most the mass murder of suspected poor drug users and pushers in the urban slums by the thousands and has openly assured the obvious murderers in authority that they have the license to kill with impunity,” Sison said. “Duterte is overconﬁdent that the poor victims, their families and even institutions cannot stand and ﬁght against his presidential power,” he added.

MONDAY, JULY 31, 2017 mst.daydesk@gmail.com

Opinion

MONDAY, JULY 31, 2017

EDITORIAL

Defend the Constitution

E ALL watched last year as President Duterte took his oath of ofﬁce as the 16th President of the republic, swearing to preserve and defend the Constitution, execute its laws, and do justice to every man. So, it is a constant puzzle to us that Mr. Duterte, who is also a lawyer, issues statements that clearly threaten to break this vow.

Last week, he issued another one of these outrageous statements, threatening to abolish the Commission on Human Rights, which has been consistently critical of what it views as human rights abuses committed under the Duterte administration. The ﬂy in Mr. Duterte’s ointment is that the CHR is a

Adelle Chua, Editor

constitutional body whose very existence is mandated by the Constitution, the same document that he swore to protect and defend. Section 17, Article XIII, in fact, clearly states that the CHR is an independent ofﬁce with the power to investigate all forms of human rights vio-

lations involving civil and political rights. Among its powers and functions are to monitor the government’s compliance with international treaty obligations on human rights; and provide appropriate legal measures for the protection of human rights of all persons within the country, as well as Filipinos residing abroad. It is also tasked by the Constitution to provide preventive measures and legal aid services to the under-privileged whose human rights have been violated or need protection. But Mr. Duterte seems to have overlooked all this last week after his second State of the Nation Address, when he threatened to abolish the CHR if it continued to investigate his bloody war on illegal drugs. “CHR… you are better abol-

ished. I will not allow my men to go there to be investigated. Human Rights Commission, you address your request through me because the Armed Forces is under me and the police are under me,” the President said. Duterte added that the CHR should ﬁrst investigate the recent New People’s Army ambush on Presidential Security Group members in North Cotabato, before investigating rights abuses by state security forces. “If you do not have a report [on the NPA ambush], do not mess with us,” Duterte said. Statements such as these make us wonder what it is exactly that Mr. Duterte did not understand from Article XIII, Section 17 of the Constitution. Did he not, for instance, comprehend that the CHR is a

constitutional body independent from the executive branch, and that it is not supposed to take orders or even take cues from the President? Is the constitutional mandate for the CHR to monitor the state’s human rights track record unclear? Does it say anywhere in the Constitution that the President has the right to interfere with the CHR in fulﬁlling its constitutionally mandated functions? We think not. We do understand that Mr. Duterte is frustrated that soldiers and policemen are taken to task for violating human rights, while the criminals and rebels they pursue are not. But that is not the job of the CHR, which is tasked by the Constitution with protecting the underprivileged and

those who might suffer from abuses of state power. Other abuses and crimes—by rebels and criminals—are the province of law enforcement, and the last time we looked, the budget and manpower of the Philippine National Police dwarfed those of the CHR many times over. Mr. Duterte’s spokesmen often say the President, as a lawyer, would never violate the Constitution or the laws of this land. This is reassuring, but it would be more so if the President refrained from blurting out off-the-cuff statements that suggest anything to the contrary. Everyone has a job to do under the Constitution. The CHR ought to be able to carry out its constitutionally mandated work, without unnecessary threats from the President.

Peza

The decline of the dative NOUNS in Latin, as in Greek, are declined —they change their form according to their use in an utterance. The dative is what responds to the English prepositional phrase following “to” or “for.” And so while “populus” is the nominative form of “people”, “populo” is the dative: For the people, to the people. But it is not grammar that is my point but our transformation into an abrasively and abusively demanding people with nary a sense of gratitude. It is of course also about the emergence of a language shorn of the dative and lacking in expressions of acknowledgment. Almost everyone makes demands, some, justified, many, quite frivolous. Joma and his gang demand that land be given the landless, that capitalists yield their profit to laborers, that society change its stripes. Women demand that everything men enjoy should be theirs to enjoy as well, in the very same

breath that they cry “foul” when that which is inoffensive to men is visited on them. Children demand that their schools hire janitors rather than make them polish floors, wipe desks and erase blackboards or whiteboards. Parents demand that teachers refrain from any harshness towards children. Taxi drivers demand that passengers in need of their services be wiling to waive meter fares and to abide by their often iniquitous terms. And so it is that we are a rather unhappy, grumpy and frankly unlikable lot of perpetual malcontents! True, it is restlessness with “what is” that spurs the attainment of “what can be,” and refusal to settle for the mediocre that ushers in the birthing of excellence. But all this hissing and pelting, this rumbling and grumbling, this fretting and blaming is just too much. It is debilitating and takes most of our time in looking for someone to blame and who to tar and feather!

The ease with which things come by

Ironically, it is the ease with which things come by, the “environment” of technology that has something to do with it. I was telling my students that when I wrote my own PhD dissertation in philosophy, research meant having to spend hours in musty corners of libraries, going through card catalogues with meticulousness, and having to spend hours hunched over some important tome. “Word” was then non-existent, and one had to calculate on a typewriter with exactitude how much space

one needed for footnotes or just tear the page and start all over again. So, you were grateful to the librarian who made work easier for you, grateful to professors and even classmates from whom you picked one insight or other—hurriedly written, of course, in a clipboard that had to be at hand all the time, as tablets and laptops were still almost a decade in the future! And when I did my jurisprudence studies, reading cases meant having to search through indexes and then looking for the appropriate volume of the reporter from shelves of them, hoping that no other researcher had beaten you to it! Not so anymore, because cases are available online, and all that the search box asks for is a keyword or a key phrase—and, of course, the ability to spell properly. Our is the culture of vendo machines and apps. You do not

tell the person behind the shelf what it is that you need and then thank her for it when it is given you. You just have to press the appropriate button after having fed the machine the necessary amount. There is no room for the dative. “Please” and “thank you” are superfluities, in fact, completely inappropriate when one deals with vending machines. It is the same thing with apps—computer applications. There are apps for almost anything: From reworking pictures to return in a picture the glow of youth where in fact it has long faded and is a distant memory, to search for missing phones, even missing persons, to buy and sell anything from candies to mountain bikes, even cars and houses, apps by which to trace the flight path of planes and to transfer money, to book flights on planes and even to arrange for one’s funeral. Everything is available at the click of

THOUGH she has won many citations for sterling accomplishments in public service, the Ramon Magsaysay Award, often touted as Asia’s equivalent of the Nobel Prize, comes as a most highly deserved encomium for Lilia de Lima, especially after her retirement. Peza, or Philippine Economic Zone Authority was created through Republic Act 7916 passed by Congress and signed into law in 1995 by Pres. Fidel V. Ramos. It was preceded by what was then called the Export Processing Zone Authority enacted during the Marcos reign. Attached to the Department of Trade and Industry and whose Secretary is exoficio chairman of its board, Peza has established so-called “free trade” zones all over the country, and supervises privately owned and operated export processing zones which through it, provides both fiscal and non-fiscal incentives to locators, most of whom are foreign companies which employ millions of Filipinos. Much of the growth of foreign investments in the country over the years have been in Peza-located areas. It has become a major driver of economic growth in the Philippines and even the so-called BPO’s or business process outsourcing operate under its wings. Such growth would not have been possible without the leadership of Lilia de Lima, one great lady who has nurtured this important agency with selfless dedication through all these years, from Epza under President Cory through it’s strengthened framework under the Peza law. She went out of her way to ensure that foreign investors in Peza locations were protected from the oftenundue and “pakialamero” impositions of local government officials, and interceded for their legitimate complaints against abusive customs and immigration personnel. The phenomenal growth of our special economic zones through the last three decades can largely be attributed to Lilia de Lima’s exemplary conduct and professionalism. Even when she was invited to speak abroad, she came very well-prepared and succeeded in selling the country as an ideal investment destination.

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Chairman Emeritus, Editorial Board

Opinion Of imbeciles and meddlers HOUSE Speaker Pantaleon Alvarez may be the fourth highest and powerful official in the land but he may be engaging in a no- win war of words against a woman who speaks her mind . Alvarez has taken offense against Bureau of Customs official Mandy Therese Anderson for rejecting a BoC employee recommended by the Speaker for promotion. Anderson called Alvarez an “imbecile” when she started getting calls from the Speaker’s staff following up on Alvarez’s request and that she would get hell if she did not act favorably on it. Anderson must have taken the threat for real as Alvarez has been called the “avenging angel” by one ardent supporter. The word “avenging” after all connotes a mean vengeful streak. The plot of this story has all the heady mix and ingredients that make headlines readers relish. An “avenging “ Alvarez was scorned by a woman who dared do her duty at a terrible cost for doing so. For this , she incurred the wrath and spite of the Speaker. It all started with Speaker Alvarez writing a formal letter to Bureau of Customs Commissioner Nicanor Faeldon for the promotion of a certain Sandy Sacluti. Commissioner Faeldon, fully aware he cannot go against Alvarez, turned over the task of vetting the Speaker’s subject recommendee. Faeldon’s chief of staff, Mandy Therese Anderson, did as she was told by doing due diligence on the subject Sacluti. As it turned out, Sacluti was not qualified for the promotion and in fact previously had several promotions causing other Cus-

toms personnel to cry “favoritism.” Sandy it seems is well connected to certain politicians. Not connected to any powerful politician, Anderson has the credentials . She placed fifth in the 2016 bar examinations and had worked at the Villaraza law office in Bonifacio Global City . Now, one cannot get hired in the prestigious law firm merely on the recommendation and sayso of a ranking politician. Ms. Anderson is described by people who know her as “ beauty with brains and balls” who will stand up and do what is right. It does not pay for someone in public office to do his/her job right in this country.. Anderson was summoned to the House where she was berated with Rep. Miro Quimbo of Marikina chiming in. Quimbo said Anderson as a lawyer should be disbarred for the “imbecile” remark. He also threatened a zero budget for the Bureau of Customs. His stand on the matter is of course understandable. He is the Deputy Speaker and must show support for Alvarez Incensed by the repeated calls of the Speaker’s staff and reminded she would rue the rejection of the recommendee, Anderson did what she probably should not have done— called Alvarez “an imbecile” in a post on her Facebook account. She was referring to Speaker Alvarez’s threat to abolish the Court of Appeals. The appellate court had ordered the House leadership to release six Ilocos Norte provincial officials for refusing to testify on

the inquiry into the alleged misuse of tobacco excise tax funds. Known as the Ilocos Six, their case dragged Ilocos Norte Gov. Imee Marcos who was also threatened with contempt by fellow Ilocano and House Majority Leader Rodolfo Fariñas for refusing to appear at the hearing. But that’s another story which ended well when former Senator Juan Ponce Enrile appeared as part of Imee’s legal team. Ilocanos are clannish and deferential to their elderly, especially a savvy lawyer and elder statesman like Enrile. The six detained officials were released by Fariñas who shook hands with Imee. The contempt case was also dismissed. Although Alvarez denied interceding for Sacluti and writing a lobbying letter, his letter obtained by media showed otherwise. In his purported letter, Alvarez enumerated Sacluti’s qualifications so the latter could be promoted to a permanent post in the Bureau’s formal entry division in the Port of Manila. Speaker Alvarez has denied retribution against Anderson for not acting favorably on his request. But given his track record for tantrums and temper outbursts , we will let the public decide who’s telling the truth. Alvarez was once quoted in media as saying he would rip any order from the Supreme Court ordering the House of Representatives to hold a joint session of Congress to review and discuss the imposition of martial law in Mindanao.

As it is mandated in the 1987 Constitution, President Duterte overruled Alvarez and called Congress to a joint session. It turned out there was no need for the Alvarez outburst as the proposal to extend martial law in Mindanao up to the end of the year was approved with an overwhelming majority. Ombudsman takes on the President On another front in the war of words, Ombudsman Conchita Carpio-Morales slammed President Duterte for telling military and police officials not to appear before the Office of the Ombudsman and the Commission on Human Rights without seeking his clearance. “None of your business,” an outraged Morales told off the President. She said that there is no law requiring soldiers and policemen respondents to obtain the President’s clearance to appear before the Ombudsman, adding that the Office of the President cannot meddle in investigations being conducted by the Ombudsman, a duly constituted independent body. Carpio-Morales should know her laws. She is a former associate justice of the Supreme Court before being appointed Ombudsman by former President Noynoy Aquino. Duterte’s verbal exchange with Morales came close on his threat to abolish the Commission on Human Rights which has been vocal in its criticism of Digong’s bloody war on illegal drugs. While the President might draw public anger if and when the CHR is abolished, he can, within his prerogative, fire or replace any or some of its officials.

Thinkers review the Sona THE Constitution mandates the President to report to both Houses of Congress the State of the Nation, laying out his legislative agenda, achievements and priorities so that citizens and all stakeholders of the country are given a sense of where we are. Some of the country’s most respective political analysts together with academe and civil society recently held a round table discussion hosted by the Stratbase ADR Institute and Democracy Watch to think through and exchange insights on President Duterte’s 2nd address. Dindo Manhit President of the Stratbase ADRi in his opening remarks opened the session and said, “President Duterte’s change-driven mindset has not only rocked the boat, all the signs indicate that the President is keen on keeping that boat rocking. His focus on law and order is as potent as ever, the infrastructure program is as ambitious as ever, and the promise of better government services is as urgent as ever.” Dr. July Teehankee, president of the Philippine Political Science Association, put the Sona within the context of a global wave of populism and presented an analysis based not only on content but also on performance politics, the PRRD style of governance which repudiated the traditional style of politics that was entrenched by the post-Marcos regime. Dr. Teehankee compared PRRDs own version of perfor-

Peza From A4 She earned the respect of powerful business associations such as the Keidanren in Japan and elsewhere. The Ramon Magsaysay Award continues to honor itself by honoring a great lady in the person of Lilia de Lima. *** Very few people know that President Rodrigo Duterte, even before he was officially installed in Malacañang, had wanted this particular De Lima to continue serving government.

mance populism much like former reality show star Donald Trump which started in a Davao television program as a media platform to expose the hypocrisy of the ruling class. Dr. Alvin Ang, director of the Ateneo Center for Economic Research and Development expressed some frustration for the lack of details pertaining to the country’s economic trajectory and pending comprehensive tax reforms and how this would benefit everybody. He points out coordination failures within a silo structured government was seen as a delaying factor that could seriously affect the timeline of the big-ticket projects of the “Build Build Build” program. The administration and governance of the tax reform measures being pushed by the administration is seen to be critical in successfully implementing PRRDs development agenda. The President’s call for investments in manufacturing reflects his awareness of the need to create quality longterm jobs that would boost a bigger chunk of the population to the middle class. On the West Philippine Sea, Dr Ang sees that there will come a point when the President will need to decisively address it. “With the pivot to china, it

is very critical that cannot be put on the side for a long time, because people already know that it is ours in the context of economic zones and the naming of the area. With China as the biggest trading partner of the Philippines now and courting it for Foreign Direct Investments, it is a high wire walking act to attract investments of China without giving up the West Phil Sea control or at least postponing it.” Ang said. Lawyer Tony Abad, CEO of Trade Advisers explained that President Duterte symbolized the tension and feeling of being disempowered and the need for a total socio-political economic reengineering of society. The reaction comes not just from the masses but the middle class, something that is happening globally. Abad described President Duterte as a crisis manager, a fusion of mayor, tribal chief and strongman with his own philosophy and understanding of the political economy that worked in Davao and should work in the rest of the country. Peace and order is linked to the economy and investments. Winning the battle to end the evils of illegal drugs has become a pre-requisite for economic success. Dr. Francisco Magno Trustee of Stratbase ADR Institute said that the PRRD is perhaps the product of a dysfunctional

system based on inequities of the distribution of power. This has led him to propose federal system that can address the inequities of the current power structure. “We have to involve the regions and communities in a better way. Perhaps parliamentary systems can be more successful in addressing the issues of performance. The President should be some kind of a CEO presiding over a rational organization, making the state a modern organization,” said Magno. The Friday afternoon was a very lively exchange from the country’s thought leaders. To mention some: Dr. Vic Paqueo -Fellow, Philippine Institute for Development Studies, Gary Teves-Foundation for Economic Freedom, Dat NguyenPolitical Section, US Embassy, Ben Esguerra-Political Section, AUS Embassy, Ben Esguerra-Political Section, AUS Embassy, Romy Neri-Fellow, Foundation for Economic Freedom, Bienvenido “Nonoy” Oplas-President, Minimalist Government Thinkers, Gary Olivar-Foundation for Economic Freedom, Jose Custodio-Military Historian and expert, Dr. Ador Torneo -Associate Professor, Political Science, DLSU, Paul Hutchcroft-Professor of Political Science and Social Change, Australian National University, Ms. Thuy Le-Second Secretary Vietnam Embassy, Mr. Hoang Do-Third Secretary Vietnam Embassy.

No less than the executive secretary, Salvador Medialdea, sought Madamme De Lima and asked her to continue serving the economy as head of PEZA. But she wanted to enjoy the comforts of retirement after a lifetime of service, and very politely and very gracefully recused herself. She is one tough act to follow, and her successor is finding that out with much difficulty, even if she has inherited a very efficient and professional bureaucracy that Lilia de Lima through the years, has nurtured. ***

And Peta as well. The Philippine Educational Theater Association has been effectively using the theater arts as an instrument for the flowering of democratic culture in the country through the 50 years of its existence. Even during the perilous years of martial law when Peta was struggling to survive, it was able to foster creatively a place for critical reflection on social conditions. Art after all, is a powerful instrument in building people’s consciousness, and Peta has been true to its mission through

these years, going beyond fleeting entertainment and into purposeful education. To Peta, as well as to Peza’s Lilia de Lima, our congratulations for the highly-deserved recognition. *** I find it difficult to praise, as some do, the “courage” which to me is misplaced effrontery, of one Atty. Mandy Anderson, the pretty lady who happens to be chief of staff, or head executive assistant, of the Commissioner of the Bureau of Customs. She it is who boorishly called

MONDAY, JULY 31, 2017

Trump’s Twitter habit destabilizes the world Bloomberg editorial LIKE the rage of Achilles, Donald Trump’s tweets are sudden, explosive and freighted with tragedy. Last week’s tweet brought the most foreboding yet. “After consultation with my Generals and military experts, please be advised that the United States Government will not accept or allow......” And then: Nothing. For a full nine minutes, the world was left to ponder what those ominous six periods might portend. “At the Pentagon,” reports BuzzFeed, the tweet “raised fears that the president was getting ready to announce strikes on North Korea or some other military action.” In the event, Trump was merely announcing an immoral and illconsidered ban on transgender troops, For humanity’s not gearing up for sake, delete your war. But it’s not too much to say that account. his tweeting has become a threat to world stability. For the sake of his presidency, and much else besides, he should stop. Seemingly everyone who knows Trump—staffers, lawyers, friends, family—has urged him to do so. Members of Congress have practically begged him. Voters, too, have had their fill. About the only person who supports Trump’s use of Twitter, in fact, is Trump. And he’s doing plenty of damage to himself: contradicting his surrogates, starting rash fights, diminishing his authority and derailing his stated agenda. He may even be putting himself in legal jeopardy. He is also undermining American politics. What’s official policy and what’s idle musing is known only to the president. At an already grim moment, his tweets are impeding legislation, worsening polarization and bewildering the general public. Day after day, the national conversation gets subsumed by the presidential Twitter feed and its endless grievances. More worrisome still is the damage Trump is doing in world affairs. His tweets have recklessly upended American policy from Qatar to China to North Korea. They express disdain for the norms of diplomacy and the values of democracy. They have unnerved financial markets, antagonized allies, emboldened dictators, abetted foreign intelligence agencies—and all for what? To “get the honest and unfiltered message out,” says Trump. And there is surely some benefit in the American people knowing what their president is thinking, even if in 140-character spurts. But that benefit needs to be balanced against the cost—to public discourse, to political culture, to global stability—of this president tweeting. The founders of American democracy were rightly suspicious of populism and crass appeals to it. The qualities they valued in a president—political restraint, personal modesty, deference to the legislature—are still worth defending. Trump’s heedless tweeting, and the resulting chaos, show exactly what the founders were afraid of, and exactly how dangerous an unfiltered president can be.

The decline... From A4

all. And when one remembers that the common language of all religion is the language of praise and of thanksgiving, then it should dawn on us that the Gift is what is Holy about our world and about our lives. And when we have all but smothered awe at the gift, no matter that it may be as simple as a shaft of morning light on the window sill, then are our souls so shriveled that they can no longer respond to the intimations of Mystery. Then all that is left us is the manipulable and the calculable—and that would be the worst fate that could befall us all!

a mouse, or by simply tapping on keys. There is no one to address. And all that this engenders is the demand for even faster and more accurate apps. There is no place for gratitude here. “Thank you” is the summary of so much insight, wisdom and indeed, holiness. It is the recognition that life’s most beautiful moments are gratuitous: not bought, not deserved, not demandable but freely bestowed, freely given, gratefully received. It is the acknowledgement of that magnitude rannie_aquino@csu.edu.ph by which life is possible, and rannie_aquino@sanbeda.edu.ph by which anything exists at rannie_aquino@outlook.com

the Speaker of the House of Representatives an “imbecile” for daring to stand up against the Court of Appeals over what he thought to be an improper issuance of restraint against the powers of the legislature. There is wisdom in propriety of language; there is culture in restraint of offensive behavior. Topping the Bar is no license for boorishness. As an officer of the law, she should have known that. To her I pass on a piece of advice, which in the words of our fellow Thursday Group lunch-mate, BCDA Chair-

man Greg Garcia, was “a demonstration of profundity” on the part of the long-serving gentleman from Isabela, our good friend Rodito Albano thus: “Your attitude towards people will determine your altitude in life.”

Atty. Jimeno’s column will resume next week.

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A6 MONDAY, JULY 31, 2017 Standard Manila

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Punish BIR officials in DMPI case H By Rio N. Araja

OUSE Speaker Pantaleon Alvarez wants to impose the penalty of life imprisonment on officials and personnel of the Bureau of Internal Revenue who would allow big-time taxpayers to settle their tax obligations through unfair and unreasonable negotiations.

Alvarez made the call after BIR officials admitted during a hearing of the House committee on ways and means that the P8.7-billion tax liability of Del Monte Philippines Inc. from 2011 to 2013 was settled at P65 million. “In the amendment to the National Internal Revenue Code, may we impose reclusion perpetua [life imprisonment] on such tax cases,” Alvarez said. “What kind of a commissioner are you? There was a compromise, but you said you did

not know anything about that?” the lawmaker said in berating BIR Commissioner Cesar Dulay. “We are taking so much effort to pass tax reform [measures], but here you are, wasting people’s money.” Ako Bicol party-list Rep. Rodel Batocabe also scored Dulay for saying the Del Monte case did not have to pass through his office. “How come that there seems to be no accountability here? There is no signature of the commissioner. You have to be careful to exer-

cise due diligence on this,” Batocabe said. Alvarez and other House leaders earlier asked the BIR to explain the alleged irregularity after Dulay and 17 other BIR officials and personnel were slapped with a plunder complaint before the Office of the Ombudsman. Finance Secretary Carlos Dominguez III vowed to look into the plunder complaint against the BIR chief even as he pointed out that Del Monte Philippines had not committed a criminal act.

REPUBLIC OF THE PHILIPPINES As the respondent, Anabelle REGIONAL TRIAL COURT Valones Salvador, could not be NATIONAL CAPITAL JUDICIAL REGION served with Summons through BRANCH 192, MARIKINA CITY

personal service, petitioner filed an Motion to Serve Summons by Publication. Pursuant to Rule 14 of the 1997 Rules of Civil Procedure, in relation to -versusSection 6, AM No. 02-11-10SC, the motion was granted, JDRC Case No. 2016-2594-MK allowing service of summons upon the respondent through ANABELLE VALONES publication in a newspaper of SALVADOR, general circulation, once a week Respondent. for two (2) consecutive weeks. x----------------------------------x REYNALDO CRUZ MULI, Petitioner,

SUMMONS To: ANABELLE VALONES SALVADOR No. 12 June Street Project 8, 1106, Quezon City

NOW THEREFORE, respondent Annabelle Valones Salvador is hereby summoned and required to file her Answer or any responsive pleading, within thirty (30) days from the date of the last publication of this Summons, with the Regional Trial Court, Branch 192, Marikina City, in accordance with Section 8 of A.M. No. 0211-10-SC.

On November 14, 2016, the petitioner, Reynaldo Cruz Muli, filed a petition for nullity of marriage against the respondent, Anabelle Valones Let this Summons be Salvador, pursuant to Article published once a week for 36 of the Family Code of the two consecutive weeks, in a Philippines. newspaper of general circulation The Petition substantially in the Philippines. In addition, alleges that the petitioner and let a copy of the Summons be the respondent were married served on the respondent at on May 4, 1991, at Quezon her last known address, by City; the parties’ union was registered mail. blessed with three (3) children. Allegedly, per clinical diagnosis, petitioner is suffering from personality disorder known as “Narcissistic and Antisocial Personality Disorder.” Petitioner prays that his marriage to the respondent be declared null and void ab initio on the basis of the psychological incapacity under Article 36 of the respondent and/or the petitioner. REPUBLIC OF THE PHILIPPINES REGIONAL TRIAL COURT NATIONAL CAPITAL JUDICIAL REGION OFFICE OF THE EX-OFFICIO SHERRIF QUEZON CITY REAL BANK (A Thrift Bank), Inc. Mortgagee, -versus-

FRE NO. 11772

SPS. ELEAZAR S. TEOVISIO AND JUDITH B. TEOVISIO Mortgagor/s x-----------------------------------x

WITNESS THE HONORABLE WILFREDO L. MAYNIGO, Acting Presiding Judge of this Court, this 25th day of May 2017, in Marikina City, Philippines. (Sgd.) RONA JEAN S. DAMASO Officer-In-Charge/Court Interpreter (MS-July 24 & 31, 2017)

on the N.W., along line 1-2 by Lot 4, of Blk. 3, of the cons. subd. plan. on the NE., along line 2-3 by Road Lot 3, (6.00-7.00 m. wide), of the cons. subd. plan. on the SE., along line 3-4 by Lot 11 (Alley), of Blk. 3. of the cons. subd. plan. along line 4-1 by Lot 1, of Blk. 3. of the cons. subd. plan. xxx containing an area of EIGHTY SEVEN SQ. M. & SEVENTY FIVE SQ. DECIMETERS (87.75). All sealed bids must be submitted to the undersigned at the aforesaid office on the above stated date and time.

NOTICE OF EXTRA-JUDICIAL SALE OF REAL PROPERTY Interested parties are hereby UNDER ACT 3135 enjoined to investigate for themselves the title to the said (AS AMENDED) UPON extra-judicial petition under ACT 3135, as amended by ACT 4118 and pursuant to the terms and conditions of the Deed of Real Estate Mortgage executed on OCTOBER 11, 2010 by SPS. ELEAZAR S. TEOVISIO AND JUDITH B. TEOVISIO. –B-3 L2 Ivory Executive Homes, West Fairview, Quezon City/Blk. 20 Lot 74 Percentage St., BIR Village, Quezon City, Mortgagors in favor of REAL BANK (A Thrift Bank), Inc. Mortgagee, to satisfy the mortgage debt in the amount of Php 926,611.23 as of May 20, 2017 principal, interest, penalty and other charges together with all the lawful fees and expenses of foreclosure sale, the Ex-Officio Sheriff of the Regional Trial Court of Quezon City and/or his duly authorized Deputy Sheriff, hereby announces that on August 30, 2017 between the hours of 9:00 A.M. to 4:00 P.M. at the Office of the Clerk of Court & Ex-Officio Sheriff, Regional Trial Court, Hall of Justice Bldg., Elliptical Road, Diliman, Quezon City, will sell thru public auction to the highest bidder for cash, in Philippine Currency, the following described real property/ ies with all the improvements existing thereon, to wit:

property/ies and the encumbrances thereon, if any there be. In the event that public auction should not take place on said date due to fortuitous event or if the same be declared a nonworking holiday, it shall be held on September 6, 2017 at the same time and place without further notice. Quezon City, Metro Manila, July 27, 2017.

(Sgd.) EDGAR R. LUCAS Sheriff IV (Sgd.) GREGORIO C. TALLUD Clerk of Court VII and Ex-Officio Sheriff WARNING: It is absolutely prohibited to remove, deface or Destroy this Notice of Sheriff’s Sale on or Before the date of the auction sale under penalty of the law.

Copy Furnished:

ATTY. APRIL TURQUEZAPABELLAR 2nd Floor Victoria Towers TRANSFER CERTIFICATE OF 77 Panay Ave., cor. Timog Avenue Barangay Paligsahan, Quezon City TITLE NO. N-205375Registry of Deeds-Quezon City SPS. ELEAZAR S. TEOVISIO A parcel of land (Lot 2, Blk. 3, AND JUDITH B. TEOVISIO of the cons. subd.plan Pcs-00- B-3 L2 Ivory Executive Homes, 006843, being a portion of Lot West Fairview, Quezon City. 790-B-1-C-2, Psd-04-004096, & Lot 790-B-2-, (LRC) Psd-156-49, Blk. 20 Lot 74 Percentage St., BIR L.R.C. Rec. No. 5975), situated Village, Quezon City in the Brgy. of Sta. Lucia, Quezon (MS-July 31, Aug. 7 & 14, 2017) City, M. Mla. Is. of Luzon. Bounded D-1-F, (LRC) PSD-23130; AND 2-F-1-, (LRC) PSD-3375, LRC REC. NO. 5975), SITUATED IN BRGY. (TALIPAPA) TANDANG SORA, QUEZON CITY, METRO MANILA, ISLAND OF QUEZON CITY. BOUNDED ON THE PHILIPPINE SAVINGS BANK, NORTH ALONG LINE 1-2 BY Mortgagee, LOT 15 BLK. 6; ON THE EAST., ALONG LINE 2-3 BY ROAD LOT -versusFRE NO. 11771 6; ON THE SOUTH., ALONG LINE 3-4 BY LOT 17; AND ON ERWILO DELA CRUZ married to THE WEST., ALONG LINE 4-1 BY MA. NATIVIDAD A. ROXAS LOT 27, BOTH OF BLK. 6, ALL Mortgagor/s OF THE CONS-SUBD. PLAN XXX x-----------------------------------x CONTAINING AN AREA OF ONE HUDNRED FIFTY (150) SQUARE NOTICE OF EXTRA-JUDICIAL METERS, MORE OR LESS. SALE OF REAL PROPERTY All sealed bids must be submitted UNDER ACT 3135 to the undersigned at the aforesaid (AS AMENDED) office on the above stated date and time. UPON extra-judicial petition Interested parties are hereby under ACT 3135, as amended to investigate for by ACT 4118 and pursuant to the enjoined terms and conditions of the Deed of themselves the title to the said property/ies and the encumbrances Real Estate Mortgage executed on MAY 29, 2014 by ERWILO DELA thereon, if any there be. In the event that public auction CRUZ married to MA. NATIVIDAD A. ROXAS. –No. 8 Riosa Zytex should not take place on said Compound, Pasong Tamo, date due to fortuitous event or Tandang Sora, Quezon City/Blk if the same be declared a non6, Lot 10, Greenhills, Greenview working holiday, it shall be held on Royale Exec. Village III, Talipapa, September 6, 2017 at the same Tandang Sora, Quezon City, time and place without further Mortgagors in favor of PHILIPPINE notice. SAVINGS BANK, Mortgagee, to Quezon City, Metro Manila, July satisfy the mortgage debt in the 28, 2017. amount of Php 2,878,463.93 as of June 7, 2017 plus accruing (Sgd.) CECILIA S. BAÑEZ interest, penalty and other charges Sheriff IV together with all the lawful fees and expenses of foreclosure sale, the Ex-Officio Sheriff of the Regional (Sgd.) GREGORIO C. TALLUD Clerk of Court VII and Trial Court of Quezon City and/or his duly authorized Deputy Sheriff, Ex-Officio Sheriff hereby announces that on August 30, 2017 between the hours of WARNING: It is absolutely prohib9:00 A.M. to 4:00 P.M. at the Office ited to remove, deface or Destroy of the Clerk of Court & Ex-Officio this Notice of Sheriff’s Sale on or Sheriff, Regional Trial Court, Hall Before the date of the auction sale under penalty of the law. of Justice Bldg., Elliptical Road, Diliman, Quezon City, will sell thru public auction to the highest bidder Copy Furnished: for cash, in Philippine Currency, the following described real property/ ATTY. CONSTANTINO L. REYES ies with all the improvements 4th Floor PSBank Centre Bldg., No. 777 Paseo de Roxas Ave., existing thereon, to wit: TRANSFER CERTIFICATE OF cor. Sedeño St., Makati City TITLE NO. N-004-2014003461 ERWILO DELA CRUZ ROXAS Registry of Deeds-Quezon City married to MA. NATIVIDAD A. A PARCEL OF LAND (LOT 16, ROXAS BLK. 6, OF THE CONS-SUBDN. No. 8 Riosa Zytex Compound, PLAN PCS-007404-0044328-D. Pasong Tamo Tandang Sora, BEING A PORTION OF THE Quezon City CONS. OF LOTS 2, (LRC) PCS- Blk 6, Lot 10, Greenhills, 15879; 784-C-3-B-2, (LRC) PSD- Greenview Royale Exec. Village III, 117995; 784-B-3, PSD-49419; Talipapa, Tandang Sora, QC 777-A-2-A-1, (LRC) PSD-284479(MS-July 31, Aug. 7 & 14, 2017)

REPUBLIC OF THE PHILIPPINES REGIONAL TRIAL COURT NATIONAL CAPITAL JUDICIAL REGION OFFICE OF THE EX-OFFICIO SHERRIF QUEZON CITY

JURASSIC PARK. Replicas of pre-historic reptiles greet mallgoers at SM City Dasmariñas in Cavite. Ey Acasio

Quezon beset by slackening power supply THE province of Quezon faces the dim prospects of having to suffer rotating brownouts and the loss of P400-million a year in tax revenues in the absence of a new power plant that could have supplied electricity to households, offices and factories. Quezon Rep. Danilo Suarez raised that grim possibility even as he welcomed the plan to build a 1,200-megawatt coal-fired power plant project in Atimonan town to ensure sufficient power supply not only in Quezon, but also in nearby provinces. “Quezon may lose P400 million in revenues if we don’t address the very thin power

supply against the increasing consumption. There will be rotating brownouts in the absence of sufficient power plants operating to produce the required power requirements,” he said. “We have to plan and start the construction of new power plants whose completion takes seven to eight years,” he added. Meanwhile, Paco Pangalanan, Citizen Watch secretarygeneral, expressed support for Energy Secretary Alfonso Cusi’s plan to increase power supply while maintaining reasonable electricity rates in the country during the Asean 35th Senior Officials Meeting on Energy. Rio Araja

Filipinos in US urged to ‘invite home a friend’ By Sandy Araneta THE Department of Tourism is rallying Filipino expatriates in North America, particularly young professionals, millennials, and social media influencers to join and support the department’s “Invite Home a Friend” project. Tourism Secretary Wanda Teo said on Sunday the DoT is reviving this incentive travel program, which was first launched by former Tourism Secretary Mina Gabor in 1994 also in the US travel market, the Philippines’ second top source for foreign arrivals. ”Invite Home a Friend” as conceived by Gabor, highlights the Filipino’s world renowned warm welcome. And what is more inviting than getting free flights, hotel night stay, while touring with friends beautiful destinations as Siquijor, Masbate, Negros Province, Palawan, Cebu, Baguio, Davao or Ilocos, said Teo. Among the program’s initial target markets are next-genera-

tion Filipino-Americans, Filipino expats living in the US, who are mostly into leisure travels. Teo explained that the DoT plans to run “Invite Home a Friend” every quarter of the year via a raffle draw. While the mechanics for the incentive program is still in the pipeline, Teo already instructed the DoT Los Angeles to spread the word out among Filipino-American communities. “We are hoping to award two lucky [a balikbayan and a friend-nominee] winners beginning September this year. Travel reward may be used anytime between January and April 2018,” Teo said, describing the effort as DoT’s way of saying thanks to Filipino balikbayans. DoT-Los Angeles Attaché Richmond Jimenez echoed Teo’s message that the program as a great way to thank the compatriots from the US who continue to not only come to the Philippines themselves but always tag along a friend or relative to visit and experience the Philippines.

Public hearing on TNVS set By Macon Ramos-Araneta SENATOR Grace Poe has urged the government to be more forward-looking in addressing the issue of app-based ride-hailing services. The committee on public services is scheduled to conduct a public hearing on Thursday on the franchise rules for Uber and Grab. Poe said many commuters now rely on transport vehicle network services to travel around the city. She said TNVS companies provide services that taxi operators have inadequately provided in the past decade, such as point-to-point pick-up and delivery, standardized fare, and safe and comfortable rides. “We should tap available technology and determine ways to integrate ride-sharing services into our existing public transportation system to address the increase in traffic demand. Our commuters deserve to be given more choices,” she said. Poe said the popularity of Uber and Grab should provide an impetus for franchise holders in public transportation to improve their services. The panel has invited Land Transportation Franchising and Regulatory Board spokesperson Aileen Lizada, Grab Philippines public affairs manager Leo

Gonzales, Uber Philippines government relations and public policy head Yves Gonzales, National Center for Commuter Safety and Protection president Maricor Acol, and transport experts Rene Santiago and Primitivo Cal. For his part, Senator Sherwin Gatchalian underscored the need for legislative action to end the worsening blame-game between the LTFRB and ride-hailing companies and operators. He said the ongoing squabble could have been prevented if regulatory mechanisms have already been put in place. “Our proposal has long been awaiting committee action, but nothing has been done. Now, the Senate should fast-track action to address the concerns that have been highlighted by the LTFRB-TNVS rift,” Gatchalian said. LTFRB has decided to put on hold its earlier decision to impound colorum TNVS units plying in Metro Manila after senators met with its board members as well as representatives of Uber and Grab last week. Poe said the LTFRB should strike a balance between regulating TNVS and ensuring that public need for safe, comfortable, and reliable transportation is met. “We want to improve accountability and promote safer standards for the protection and welfare of our commuters,” Poe said.

IP’S PLIGHT. Members of lumad students and Parents-Teachers Community Association from the Save Our Schools Network Mindanao decry the announcement of President Rodrigo Duterte that he is ready to bomb their structures. Manny Palmero CYAN MAGENTA YELLOW BLACK

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Republic of the Philippines Standard

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TODAY GOVERNMENT SERVICE INSURANCE SYSTEM

MONDAY, JULY 31, 2017

Plot to down plane foiled by Australia

YDNEY―Australia has foiled an Islamist-inspired “terrorist plot” to bring down an airplane with an improvised explosive, authorities said Sunday, after four people were arrested in raids across Sydney. Prime Minister Malcolm Turnbull said the plot appeared to be “elaborate” rather than planned by a lone wolf, as security was beefed up at the major domestic and international airports across the nation. “I can report last night that there has been a major joint counter-terrorism operation to disrupt a terrorist plot to bring down an airplane,” Turnbull told reporters. “The threat of terrorism is very real. The disruption operation, the efforts overnight have been very effective but there’s more work to do.” Ofﬁcials did not specify if the alleged plot involved a domestic or international ﬂight, but Sydney’s Daily Telegraph reported that a local route had been the objective. Australian Federal Police Commissioner Andrew Colvin described the plot as “Islamicinspired”, saying four men had been arrested in a series of raids across Sydney on Saturday. “We do believe it is Islamic-inspired terrorism. Exactly what is behind this is something we need to investigate fully,” he said. Colvin added that local authorities had received “credible information from partner agencies” about the claims but would not elaborate further or state if the men were on any watch list. “In recent days, law enforcement has become aware of information that suggested some people in Sydney were planning to commit a terrorist attack using an IED (improvised explosive device),” he told reporters. He added that several items “of great interest to police” had been seized in the raids but police did

not yet have a great deal of information on the specific attack, the location, date or time. He said the investigation was expected to be “very long and protracted”. “However, we’re investigating information indicating the aviation industry was potentially a target of that attack.” The men, whose ages have not been released and have not yet been charged by police, were arrested Saturday when armed police stormed homes in at least four neighborhoods, including in the inner city. The Seven Network reported 40 riot squad officers moved on one inner city home before an explosives team found a suspicious device, although police would not confirm this. TV footage showed a man with a bandage on his head and draped in a blanket being led away by authorities. National broadcaster ABC quoted a woman as saying her son and husband were arrested in the raids, but denied they had links to terrorism. Turnbull said the national terror alert level, which was raised on September 2014 amid rising concerns over attacks by individuals inspired by organizations such as Islamic State, would remain at probable. Canberra has introduced new national security laws since then, while counter-terrorism police have also made a string of arrests. A total of 12 attacks, before the latest announcement, have been prevented in the past few years, while 70 people have been charged, Justice Minister Michael Keenan said. AFP

Trump warns China after missile launch WASHINGTON―US President Donald Trump warned Saturday he would not allow China to “do nothing” on North Korea, after the hermit state launched an intercontinental ballistic missile it boasted could reach the United States. North Korean leader Kim Jong-Un boasted of his country’s ability to strike any target in the US after the ICBM test that weapons experts said could even bring New York into range―in a major challenge to Trump. Under Kim’s leadership, North Korea has accelerated its drive towards a credible nuclear strike capability, in deﬁance of international condemnation and multiple sets of UN sanctions. In his critique of Beijing, which came in two tweets, Trump linked the trade strains with the Asian giant―marked by a trade deﬁcit of $309 billion last year―to its policy on North Korea, after South Korea indicated it was speeding the deployment of a US missile defense system that has infuriated China. “I am very disappointed in China. Our foolish past leaders have allowed them to make hundreds of billions of dollars a year in trade, yet they do NOTHING for us with North Korea, just talk,” Trump wrote. “We will no longer allow this to continue. China could easily solve this problem!” Trump, who is at loggerheads with Beijing over how to handle Kim’s regime, has repeatedly urged China to rein in its recalcitrant neighbor, but Beijing insists dialogue is the only practical way forward. The tweet storm coincided with a bilateral mission led by US stra-

tegic bombers on Saturday that flew over the Korean Peninsula in a pointed show of force in response to the latest ICBM tests. US B-1B bombers along with fighter jets from the South Korean and Japanese air forces participated in the 10-hour bilateral mission, practicing intercept and formation drills “North Korea remains the most urgent threat to regional stability,” said General Terrence O’Shaughnessy, Pacific Air Forces commander, in a statement. “If called upon, we are ready to respond with rapid, lethal and overwhelming force at a time and place of our choosing.” Kim said the test “is meant to send a grave warning to the US” and demonstrated the North’s ability to launch “at any place and time,” the official Korean Central News Agency said. The “leader said proudly the test also confirmed all the US mainland is within our striking range,” it said. Trump denounced the launch as “reckless and dangerous” and rejected Pyongyang’s claims that such tests helped ensure its security. He vowed to take “all necessary steps to ensure the security of the American homeland and protect our allies in the region.” Weapons experts said the altitude and flight time of Friday’s missile suggested it was significantly more powerful than the earlier July 4 test, with a theoretical range of around 6,200 miles (10,000 kilometers), meaning it might be able to reach east coast US cities like New York, depending on the payload size. AFP

GSIS Building, Financial Center, Roxas Boulevard, Pasay City 1308 GSIS ACQUIRED ASSETS FOR DISPOSITION

PROVINCE District /Subdivision

City /Municipality

Property Location

TCT/CCT No.

Lot Area (sqm)

Minimum Acceptable Offer / CMV ( ₱ )

Property Occupancy Bidding Date Place of Bidding Classification Status

Bulacan

FRANCISCO HOMES I, Brgy. Mulawin

San Jose Del Monte City

B001 L005 Ph C1

T-149924 (M)

200

1,000,000.00

House & Lot

Unoccupied

12-Sep-17

Level 8, Narra Room, GSIS Building,

Bulacan

STALLION HOMES, Brgy. Guijo

San Jose Del Monte City

B002 L005 Ph A2

T-347435(M)

150

832,000.00

House & Lot

Occupied

12-Sep-17

Financial Center, Roxas Boulevard, Pasay City

Bulacan

STALLION HOMES, Brgy. Guijo

San Jose Del Monte City

B003 L003 Ph A3

T-347456(M)

150

818,333.33

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B001 L008 Ph E1A

T-343112(M)

450,800.00

House & Lot

Occupied

12-Sep-17 12-Sep-17

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B002 L004 Ph E3A

T-324193(M)

67.5

549,950.00

House & Lot

Occupied

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B002A L001 Ph C1

T-297458(M)

108

699,600.00

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B002C L004 Ph C1

T-297460(M)

120

656,000.00

House & Lot

Occupied

12-Sep-17 12-Sep-17

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B002C L006 Ph C1

T-297461(M)

120

702,666.67

House & Lot

Occupied

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B002C L007 Ph C1

T-309377(M)

156

1,198,800.00

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B004 L004 Ph E3

T-323645(M)

361,500.00

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B005 L001 Ph E3

T-309419(M)

420,666.67

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B006 L011 Ph MDA

T-284892(M)

610,500.00

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B006 L019 Ph MDA

T-284878(M)

476,000.00

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B006 L021 Ph MDA

T-284826(M)

511,000.00

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B006 L032 Ph MDA

T-284846(M)

385,000.00

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B006 L039 Ph MDA

T-284903(M)

109

763,500.00

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B007 L004 Ph MDA

T-284862(M)

102

669,000.00

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B007 L010 Ph MDA

T-284824(M)

385,000.00

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B007 L020 Ph MDA

T-284848(M)

415,100.00

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B007 L031 Ph MDA

T-284884(M)

665,000.00

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B009 L011 Ph E

T-289358(M)

595,500.00

House & Lot

Occupied

12-Sep-17

Financial Center, Roxas Boulevard,

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B009 L013 Ph E

T-289355(M)

511,500.00

House & Lot

Occupied

12-Sep-17

Pasay City

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B010 L016 Ph E

T-309396(M)

670,700.00

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B010 L020 Ph E

T-297454(M)

633,000.00

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B010 L036 Ph E

T-297486(M)

719,200.00

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B016 L002 Ph E1B

T-333357(M)

505,400.00

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B016 L003 Ph E1B

T-333351(M)

318,133.33

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B016 L007 Ph E1A

T-333354(M)

548,650.00

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B021 L002 Ph E1

T-297426(M)

597,000.00

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B021 L018 Ph E1

T-309392(M)

316,200.00

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B021 L022 Ph E1

T-289370(M)

333,000.00

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Mulawin

San Jose Del Monte City

B021 L045 Ph E1

T-289375(M)

430,300.00

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Yakal

San Jose Del Monte City

B001 L006 Ph K2

T-326681(M)

642,900.00

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Yakal

San Jose Del Monte City

B001 L010 Ph K1

T-324528(M)

464,900.00

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Yakal

San Jose Del Monte City

B001 L011 Ph K1

T-331729(M)

1,196,900.00

House & Lot

Occupied

12-Sep-17

Level 8, Narra Room, GSIS Building,

Bulacan

STALLION HOMES, Brgy. Yakal

San Jose Del Monte City

B001 L023 Ph K1

T-326673(M)

398,000.00

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Yakal

San Jose Del Monte City

B001 L024 Ph K1

T-324538(M)

408,900.00

House & Lot

Occupied

12-Sep-17

Bulacan

STALLION HOMES, Brgy. Yakal

San Jose Del Monte City

B001 L029 Ph K1

T-324233(M)

346,400.00

House & Lot

Occupied

12-Sep-17

Metro Manila

FAIRVIEW PARK HOMES

Quezon City

B001 L023 (Bldg003

119487

1,022,000.00

House & Lot

Occupied

12-Sep-17

Level 8, Narra Room, GSIS Building,

123732

888,000.00

House & Lot

Occupied

12-Sep-17

Pasay City

119505

59.57

1,016,410.00

House & Lot

Occupied

12-Sep-17

B002 L015 Dahlia (I) St

N-173784

1,565,333.33

House & Lot

Occupied

12-Sep-17

(CPMI), Fairview 40

Metro Manila

FAIRVIEW PARK HOMES

Metro Manila

FAIRVIEW PARK HOMES

Unit008) Orchid St Quezon City

(CPMI), Fairview

Metro Manila

FAIRVIEW PARK HOMES

Financial Center, Roxas Boulevard,

Unit005) Cedar St Quezon City

(CPMI), Fairview 42

B001 L048 (Bldg001

B002 L011 (Bldg001 Unit011) Orchid St

Quezon City

(CPMI), Fairview 43

Rizal

BAGONG NAYON, Bagong Nayon

Antipolo City

B010 L003 Cluster O

R-33101

128

517,333.33

House & Lot

Occupied

12-Sep-17

Rizal

BAGONG NAYON, Bagong Nayon

Antipolo City

B026 L015 Cluster B

R-33690

269

1,438,900.00

House & Lot

Occupied

12-Sep-17

Rizal

BAGONG NAYON, Bagong Nayon

Antipolo City

B034 L004 Cluster K

R-33750

183

850,500.00

House & Lot

Occupied

12-Sep-17

Rizal

BAGONG NAYON, Bagong Nayon

Antipolo City

B041 L007 Cluster L

R-33789

173

682,800.00

House & Lot

Occupied

12-Sep-17

Rizal

BAGONG NAYON, Bagong Nayon

Antipolo City

B060 L014 Cluster D

R-34166

382

1,435,000.00

House & Lot

Occupied

12-Sep-17

Rizal

BAGONG NAYON, Bagong Nayon

Antipolo City

B060 L018 Cluster D

R-34170

197

823,900.00

House & Lot

Occupied

12-Sep-17

Rizal

BAGONG NAYON, Bagong Nayon

Antipolo City

B077 L001 Cluster G

R-36569

139

854,000.00

House & Lot

Occupied

12-Sep-17

Rizal

BAGONG NAYON, Bagong Nayon

Antipolo City

B080 L001 Cluster F

R-36586

135

775,833.33

House & Lot

Occupied

12-Sep-17

Rizal

BAGONG NAYON, Bagong Nayon

Antipolo City

B080 L009 Cluster F

R-36594

133

701,300.00

House & Lot

Occupied

12-Sep-17

Rizal

COGEO VILLAGE, Bagong Nayon

Antipolo City

B001A9 L006 Ph 5 Road 10

N-59615

177

1,261,800.00

House & Lot

Occupied

12-Sep-17

Rizal

COGEO VILLAGE, Bagong Nayon

Antipolo City

B001A9 L011 Ph 5 Road Lot 11

N-59620

216

1,488,000.00

House & Lot

Occupied

12-Sep-17

Rizal

COGEO VILLAGE, Bagong Nayon

Antipolo City

B012A L034 Ph 2

N-59849

200

1,160,000.00

Lot Only

Occupied

12-Sep-17

Rizal

COGEO VILLAGE, Bagong Nayon

Antipolo City

B012A L035 Ph 2

N-59850

200

1,160,000.00

Lot Only

Occupied

12-Sep-17

Rizal

COGEO VILLAGE, Bagong Nayon

Antipolo City

B068 L017 Ph 3

399850

384

2,227,200.00

Lot Only

Unoccupied

12-Sep-17

GENERAL GUIDELINES: 1.

Disposal of GSIS Investment Properties – Retail Units (IP-RUs) is through a competitive public bidding process. Acceptance of Purchase Offer shall start on the scheduled bidding date and time.

Dropping of bid envelopes inside the designated bid box will be on the date of auction from 8:30 a.m. to 10:00 a.m. Opening of Bids will immediately follow.

Disposal of GSIS IP-RUs is on “As-Is Where-Is” basis. Interested bidders are enjoined to personally inspect the GSIS IP-RUs for sale. “As-Is Where-Is” is defined as the present physical condition of the retail unit that GSIS is selling and the buyer is buying, “with all attendant faults, if any,” whether or not immediately apparent and without any express or implied warranty. The buyer takes this condition at his or her own risk, without recourse against the GSIS as to their condition. This includes knowledge by the buyer of the presence of occupants in the retail-unit being purchased.

Strictly, “One bidder, One specific property” only, which means that a bidder cannot submit two (2) or more bids for one property. A bidder may submit one bid each to as many properties as he wants to buy, as long as, he posts a bidder’s deposit for each property in an amount provided below. The bidder must present valid government IDs upon registration on the date of public bidding.

Purchase offer may either be in Cash or through External Financing Institution.

A downloadable bid form shall be properly accomplished with the following data: a. Name and complete address of the bidder b. Exact address of property you are interested to bid c. Transfer Certificate of Title No. d. Amount of bid (in numbers and in words) e. 10 % Bidder’s Deposit equivalent to 10% of the total amount of bid offer f. Signature of the bidder/representative

Bid proposal shall be written in words and in figures and shall not be lower than the Minimum Bid Price of the property published in the newspaper or posted in the GSIS website. Should there be a difference in the amount in words and in figures, the amount in words shall prevail.

Bidders’ deposit equivalent to at least 10% of the Bid Offer shall be in the form of MANAGER’S CHECK payable to the Government Service Insurance System

The following shall be inserted on the sealed bid envelope: a. the properly accomplished downloadable bid form b. Manager’s Check payable to Government Service Insurance System representing deposit equivalent to at least 10% of the Bid Offer c. the Special Power of Attorney (SPA), if the bidder is an authorized representative d. pre-conditional approval from PBCOM, if applicable e. proofs of occupancy (see No. 12.c.1 and c.2)

10. The following information shall be clearly written outside the sealed bid envelope (mailing envelope) Address of Property you want to bid) Block No. ______ Lot. No. ______ Phase No.____ Name of Subdivision Address of Subdivision TCT NO. _______ Mode: __________ Cash __________ thru External Financing Institution

(

Name of Bidder: Mailing Address: 11. Interested bidders planning to purchase the GSIS property through External Financing Institution (EFI) shall first secure certification from accredited banks stating that he/she is qualified to avail of a loan from External Financing Institution and insert inside the bid envelope. 12. The existing tenant or occupant or his duly authorized representative through a valid Special Power of Attorney (SPA) has the right to match the offer of the declared highest bidder, provided: a. he/she is present during the bidding b. participated in actual bidding c. presently occupying the property subject of bidding supported by the following proofs of occupancy: c.1 Barangay certificate that he/she is occupying or residing in the subject property c.2. Any valid government identification document with his/her address similar to the address of the property he/.she is bidding. 13. If the occupant will exercise his/her right to match the offer of the declared highest bidder, he/she need not secure another bank pre-qualification corresponding to the matched offer. Instead, he/she shall pay the equity in cash as stated in Notice of Approval of Sale (NOAS). The equity shall be computed as the difference between the Letter of Guarantee from the bank and the offered bid amount. 14. The declared highest/winning bidder shall submit within the day of the actual bidding, the following documents: (a) duly accomplished Personal Profile/Company Profile/Corporate Profile, whichever is applicable (downloadable); (b) photocopies of two valid IDs (one should be a government-issued ID); (c) Articles of Incorporation/Partnership, By-Laws and current General Information Sheet, for corporation/partnership, if applicable; (d) Registration Certificate from SEC for corporation/partnership, DTI for sole proprietorship and CDA for cooperatives, or any proof of such registration, if applicable; (e) current Mayor’s permit issued by the city or municipality where the principal place of business of the winning bidder is located, if applicable. 15. A Notice of Approval of Sale (NOAS) shall be issued to the highest/winning bidder on the day of bidding. 16. In case the bid is in CASH, the 90% balance of the bid amount shall be paid either in cash or manager’s check within thirty (30) calendar days from receipt of NOAS, without privilege of extension. 17. In case the bid is thru EFI, the equity shall be paid in cash within thirty (30) calendar days from receipt of Letter of Guarantee (LOG) by the GSIS. The equity is the amount corresponding to the difference between the LOG and the Offered Bid Amount. 18. Upon issuance of the NOAS to the highest/winning bidder, the Bidder’s Deposit of the other non-winning bidder/s shall be returned immediately. 19. Non-compliance with the terms and conditions stated in the NOAS shall result in the forfeiture of the bidder’s deposit. 20. In case the highest/winning bidder fails to comply with the requirements within the specified time, the GSIS shall write the second highest bidder to confirm if he/she is still interested to acquire the property. If still interested, GSIS will require him/her to pay the non-refundable deposit equivalent to ten percent (10%) of his/her previously submitted bid amount and will be issued NOAS. 21. GSIS reserves the right to waive any formality or to reject any or all bids received. The list of properties available for sale may be updated without prior notice. 22. For inquiries, you may call Real Property Accounts Management Department at telephone nos. 479-3536 or 976-4619. (MS-JULY 29/30/31, 2017)

Riera U. Mallari, Editor; Reuel Vidal, Assistant Editor sports@thestandard.com.ph; sports_mstandard@yahoo.com

MONDAY, JULY 31, 2017

PH team subdues Kobe Shinwa OSAKA, Japan—The national women’s volleyball team is starting to reap the fruits of its grueling training as it finally overcame the tough Kobe Shinwa Women’s University squad, 25-21, 23-25, 2826, 24-26, 17-15, in a friendly match late Saturday here. Jaja Santiago and Alyssa Valdez displayed top level games, but it was a total team effort at the defensive end for the Nationals, who are entering the final stretch of their 17-day training in preparation for the 19th AVC Asian Senior Women’s Championship and the 29th Southeast Asian Games. The 6-foot-5 Santiago was dominant offensively as she delivered 19 kills, four aces and five blocks for 28 points while Valdez provided support with 18 kills, three aces and three blocks to finish with 24 points. Also coming up with a big game was open spiker Frances Molina, who chipped in 10 kills, four aces and two blocks for 16 points. Playmaker Kim Fajardo registered 57 excellent sets in the match that serves as their final tuneup battle with the reigning Philippine Superliga (PSL) Invitational Conference champion. Head coach Francis Vicente beamed satisfaction over their performance, but stressed the importance of consistency, hunger and desire to come up with a impressive performance in the two major international tournaments ahead. It was the Nationals’ first victory in Japan. They opened the camp with a series of straight-set losses to Okayama City Seagulls, an elite club team seeing action in the Japan V.Premier League. Then, they moved the camp to Osaka where they managed to keep the match close before bowing down to Kobe Shinwa in a pair of friendlies. Finally, they prevailed. “This is a big win as far as the morale of the team is concerned. At least we now have an idea that we are slowly progressing,” said Vicente, who is also calling the shots for Generika-Ayala in the PSL. “But I told the team that we should not be satisfied. We should remain consistent and hungry to win. This is not the real war. The real battle is in the AVC and the SEA Games.”

Marawi children dream of peace DREAMS live on for children evacuees of war-torn Marawi City as the Philippine Sports Commission (PSC) recently conducted a special Children’s Games for some 350 participants in Iligan City, barely 37 kilometers away from the city in crisis. While armed clashes between government troops and the Islamic State of Iraq and Syria (Isis)inspired Maute Group remained fresh in their minds, children evacuees were given a two-day breather to just enjoy a day of fun, laughter and friendship that brought out the best in them their talents, hopes, prayers anddreams. Yes, Christian and Muslim children played together at the Sgt. Miguel Canoy Memorial Cultural School in Baru-un in traditional Filipino games, volleyball and football, among others. Eleven-year-old Almira of the Maranao tribe cited the Children’s Games as “maganda, masaya”. The fifth grader said she won’t ever forget playing soccer and volleyball as well as the magic show. However, the war did not dampen her spirits but ignited even more the desire to be able to serve the country when she grows up. “Gusto kong maging sundalo,” Almira said, inspired by the way the soldiers fought and risked their lives to save their city from the extremist rebels. She is the fifth among 10 children of a carpenter and a hospital staff but two of her siblings died of cancer.

Sports

NLEX Road Warriors point guard Kevin Alas (6) tries to dribble past Phoenix Petroleum Fuel Masters defender RJ Jazul. The Road Warriors beat the Fuel Masters, 95-91 .

Road Warriors stop Phoenix to gain solo PBA leadership By Reuel Vidal

HE NLEX Road Warriors are playing like a completely different team as they grabbed solo leadership in the 2017 Philippine Basketball Association Governors’ Cup with a 95-91 come-frombehind victory over the Phoenix Petroleum Fuel Masters at the Smart Araneta Coliseum yesterday, July 30.

The Fuel Masters seemed to have the game in hand and were threatening to pull away after Joseph Eriobu scored from just underneath the goal to peg the count at 78-68 for Phoenix with 8:46 to go in the game. The Road Warriors, thanks to baskets by Carlo Lastimosa and Aaron Fuller, engineered a 9-0 run to cut the gap to just a point, 78-77, with 6:40 to go. Eriobu scored again from just underneath but JR Quiñahan and Alex Mallari countered with baskets of their own as the Road Warriors grabbed the lead, 81-80, with 5:10 to go in the match. Lastimosa and Mallari would preside over the NLEX finish as they scored key baskets to fuel a 9-5 run to push the Road Warriors ahead for good, 90-85, with 1:09 left to play. Doug Kramer would score on a layup

to cut the gap to three, 90-87, but Mallari himself drilled a three-pointer to seal the outcome of the match 93-87, with just nine seconds left to play. Field goals by Eugene Phelps and free throws by Kevin Alas finalized the count at 95-91. NLEX (4-0) thus vaulted to solo leadership. The four victories by the Road Warriors, in just their first four games this third conference, tied their total number of wins the first two conferences this PBA season. Trailing the Road Warriors are the Meralco Bolts (3-0), the Star Hotshots (2-0), the San Miguel Beermen (1-0) and TNT KaTropa (1-0). The other teams include Phoenix (2-2), the GlobalPort Batang Pier (1-1), the Rain or Shine Elasto Painters (12) and Barangay Ginebra San Miguel (0-1).

Tied at the bottom of the standings are the Kia Picanto (0-3), the Alaska Aces (0-3) and the Blackwater Elite (0-3). NLEX coach Yeng Guiao downplayed his team’s early success saying that it was still too early in the conference. “It’s a nice win for us. We’re starting to look like a team because we’re able to hold our own and pull through in crisis situations. Hindi ko alam kung totoo ito o kunwa-kunwarian pa lang. Next game against Ginebra. That’ll be a good measure,” said Guiao. Mallari and Juami Tiongson took the floor in the third quarter and promptly established their presence. Mallari converted back-to-back layup attempts. Tiongson converted his own pair of layups then fed import Aaron Fuller for a driving layup as the Road Warriors grabbed the lead, 58-56, with 6:21 to go in the third. The Fuel Masters came right back at the Road Warriors. Karl Dehesa drilled a three-pointer then fed Doug Kramer for a layup. He then found RJ Jazul open at the short corner for an open three-pointer and the Fuel Masters were right back on top by six points, 64-58 with 4:30 to go in the third.

The Road Warriors cut the gap on field goals by JR Quiñahan, Larry Fonacier and Aaron Fuller but the Fuel Masters managed to hang on to a five-point, 69-64, lead after three quarters. Phelps scored on a layup followed by free throws by Joseph Eriobu and Matthew Wright to push the Fuel Masters to a six-point, 39-33 lead with 2:44 to go in the second period. Phelps converted another field goal followed by a coast-to-coast fastbreak layup by Cyrus Baguio for the Fuel Masters. Carlo Lastimosa and Kevin Alas countered with their own field goals for the Road Warriors. Asi Taulava then pivoted into the paint then scored from just underneath the goal to cut the Phoenix lead to just four points, 39-43, at halftime. The scores: NLEX 95—Fuller 18, Mallari 14, Lastimosa 14, Alas 13, Quinahan 10, Fonacier 5, Monfort 4, Soyud 4, Tiongson 4, Taulava 4, Rios 3, Baracael 2, J. Villanueva 0, Al-Hussaini 0, Ighalo 0. PHOENIX 91—Phelps 31, Wright 17, Baguio 8, Jazul 8, Dehesa 8, Eriobu 7, Kramer 4, Intal 4, Lanete 4, W. Wilson 0, Alolino 0, Borboran 0. Quarters: 14-15, 39-43, 64-69, 95-91.

Kelly sees move to lightweight as new beginning

Filipino mixed martial arts veteran Eric Kelly acknowledges the cheers and greetings of fans as he enters the ONE Championship cage before a match. ONE Championship

FILIPINO mixed martial arts (MMA) veteran Eric “The Natural” Kelly has been competing as a featherweight since he started his prizefighting stint eight years ago in the flourishing Philippine combat scene. After spending most of his career as a featherweight with 15 professional bouts, Kelly decided to venture into a new territory as he moves up in another weight class. The 35-year-old native of Baguio City, Benguet makes his lightweight debut against Japanese MMA legend Kotetsu “No Face” Boku on the undercard of ONE: Kings & Conquerors, which takes place at the glamorous Cotai Arena of The Venetian Macau in Macao, China, Saturday, August 5. Kelly sees his jump to ONE Championship’s 77.1-kilogram weight class as a new chapter in his illustrious run as a worldclass MMA athlete. “It’s a new beginning for me.

It’s somehow a permanent move since this is my walking weight. We have to abide by the weigh-in rules of the company. I am comfortable with the weight,” he said. “I am excited to be in this new journey. I hope everything will turn our great for me as a lightweight.” Although Kelly’s last two outings as a featherweight competitor resulted to throbbing setbacks inside the ONE Championship cage, he looks to erase the painful memory by picking up a statement-making victory over Boku in his maiden assignment as a lightweight. “It’s been a year since the last time that I fought. I am looking forward to put on a great performance for my beloved country. I have been training hard and going through strategies. I hope to give my 110 percent inside the ONE Championship cage in Macao. I am coming to win,” he said. Even if Boku presents too

much danger in the striking department, Kelly has no qualms when it comes to trading kicks and punches with the highly-touted Japanese combatant. With more than 30 professional matches on his resume, Boku has the experience of a seasoned veteran and has seen it all whether it is inside the cage or the ring. Always a crowd favorite, Boku utilizes his dynamic boxing background with well-regarded grappling arsenal to subdue his opponents. “To tell you honestly, I am in a very tough fight. It’s nervewracking in a sense, but I am ready to accept the challenge,” Kelly said about the marquee match-up. “I want to trade strikes with my opponent. He is dangerous in that aspect, but I can see some loopholes.” Kelly asserted that he has a fair share of knowledge in terms of delivering blows from a toe-totoe stance.

Manila softbelles gun for crown in PONY World Series HEMET, California – Team Manila–Philippines guns for the crown when it battles defending 2016 World Series Champion Central Hemet Xplozion in the Championship match featured today in the 2017 PONY International 18-U Girls Softball World Series at the sprawling Diamond Valley Park in the 36-acre Valley-Wide Recreation District here. The Big City Softbelles is coming off four consecutive wins to top its Pool in the group competition at a clean 4 – 0 slate after defeating the East Hemet Screaming Eagles in just four innings with an impressive 10 – 0 regulation game. Standout pitcher Alma Tauli again delivered a sterling performance with four

strike outs and four no run innings, her fourth in four consecutive matches, placing the 16-year old stunner from Norzagaray, Bulacan probably as one of the best pitchers in the Series. At the bottom of the first inning, short stop Angelu Gabriel had a run off an RBI by center fielder Christine Bautista to put the Softbelles in the lead at 1 – 0, then at the bottom of the second, right fielder Khrisha Cantor and catcher Aliza Pichon both had one run each though a hit by left fielder Jojielyn Lim to complete a two-run play for a 3 – 0 lead. The Manila Batters, backed by Manila Mayor Joseph Estrada and the International Container Terminal Services, Inc.

(ICTSI), with support from Karen Solitaria, Norman Macasaet and Dr. Esteban Lacson, scored two other runs courtesy of third baseman Madaelene Dumaog and Cantor off an RBI by first baseman Kevyn Lacson, the 18-year old standout from Ateneo, who also had a run off a hit by Lim at the bottom of the third. Lim herself scored another run off a grounder by second baseman Nichole Padasas to lift the Softbelles, 7 – 0 at the end of the third inning and then at the top of the fourth, the Californians came back strong but a rock-steady performance by pitcher Alma Tauli and an impressive defensive stop completed by Padasas and Lacson halted the rally of the second host team.

Three more runs were scored by the Softbelles courtesy of Bautista off an RBI by second baseman Therese Macasaet, who in turn had a run herself off a hit by Cantor, who also scored through a catching error to seal the match at the bottom of the fourth via a 10 – 0 regulation game. “Inaasahan natin na lahat ng players natin mag step up sa finals dahil hindi natin pwedeng sayangin itong opportunity na ito, all out na tayo dito.” said head coach Anna Santiago. “I think this is quite a strong and balanced team and I believe the girls have what it takes to win the championship crown,” added Manila Softball President Rafael “Che” Borromeo.

Dennis Uy: Next target is tourism B3

Business

Ray S. Eñano, Editor Roderick T. dela Cruz, Assistant Editor business@manilastandard.net extrastory2000@gmail.com MONDAY, JULY 31, 2017

BSP to pursue more forex reforms IN BRIEF DoF director resigns over Shangri-La meal THE Finance Department said in a statement it acted swiftly on a report about impropriety of an official allegedly found to have included her personal expenses in the official costs of a recent technical workshop funded by the Asian Development Bank. Finance Secretary Carlos Dominguez III asked the unnamed director of the department to immediately return to ADB the exact amount corresponding to her personal expense that was inappropriately included in the workshop’s budget. An investigation conducted by the DoF in cooperation with the ADB showed that “based on the contract that was signed between the ADB and Edsa Shangrila Hotel dated July 17, a dinner for 40 persons hosted by the director was inappropriately included,” Dominguez said. Dominguez said despite explicit instructions given to the director to conduct the workshop at the Ayuntamiento de Manila in Intramuros without dinner and charged to the department’s regular budget, the official decided on her own without prior clearance to have the event held at Edsa Shangri-La and funded by an ADB-administered Technical Assistance facility. “I have also accepted the resignation of the official,” said Dominguez. Julito G. Rada

By Julito G. Rada

ANGKO Sentral ng Pilipinas Governor Nestor Espenilla Jr. said he will push to ease further foreign exchange rules to achieve a more transparent financial system. “Part of reforms that I will be strongly advocating is the liberalization of our existing rules on FX transactions to make this a more risk-based but transparent system,” Espenilla said. Espenilla said despite the waves of liberalization announced by the central bank in the past, “we recognize that the FX market today remains restrictive, difficult, opaque, shallow.” Espenilla said the forex market had evolved from the time foreign exchange was scarce, reserves were meager and market confidence was very low. “Today, it’s an entirely different picture. To pre-

VICTORIA International Container Terminal, the Australian unit of Manila-based International Container Terminal Services Inc., announced this year’s recipients of grants from the VICT Community Investment Fund. Eighteen not-for-proﬁt or community organizations within the Port Phillip and/or Hobsons Bay communities will be awarded a collective sum of more than quarter of a million dollars to support programs and initiatives focused on young people. Each organization will receive grants of up to $20,000, bringing the total amount donated to the community by VICT to more than $1 million since 2014. These contributions will assist with a range of initiatives; from music programs at local schools and assisting educating children from low income families to developing sport and environmental programs. The 18 successful grant recipients are Albert Park College, Albert Park Yacht Club, Altona North Primary School, Civic Kindergarten (Preschool Association of Middle Park Inc.), Elwood Life Saving Club, Fishermen’s Bend Gymnastics Club, Friends of Westgate Park, Gateway Community Services, Life Saving Victoria, Middle Park Primary School, Port Melbourne Colts Junior Football Club, Port Phillip Community Group, South Melbourne Life Saving Club, South Port Uniting Care, Special Olympics Australia and the Port Phillip Specialist School, St. Kilda Park Primary School, Williamstown CYMS Cricket Club and Williamstown Football Club.

Govt spending P8.4t in infra to lift 10m above poverty line THE Duterte administration is increasing infrastructure spending over the next five years to lift about 10 million Filipinos above the poverty line. Public Works Secretary Mark Villar told reporters the government would spend P8.4 trillion in infrastructure projects from 2017 to 2022 to decongest traffic in Metro Manila and key cities and sustain the strong economic growth. He said the government budgeted P847.2 billion for infrastructure projects this year, representing 5.3 percent of the gross domestic product, higher than the average 2.9 percent of GDP during the last administration. The Public Work’s infrastructure program has a budget of P428 billion this year, of which P107.8 billion will be spent for traffic decongestion program, P18.8 billion for convergence and rural road development, P95.9 billion for integrated and seamless transport system and P104.4 billion for livable, sustainable and resilient communities.

“In 2018, we are expecting to spend around 7 percent of GDP [gross domestic product]. This [would be] at par with our Asian neighbors,” Villar said. The Philippines, according to the World Economic Forum Global Competitiveness Report from 2015 to 2016, ranked 95 in the overall quality of infrastructure. The Philippines was behind Singapore, Malaysia, Thailand, Indonesia and Vietnam. “We want to create an infrastructure to bring progress to the provinces, to every corner of this country and ultimately we want to bring down the poverty level of the Philippines from 21.6 percent to 14 percent by 2022,” Villar said. “The signiﬁcant of this will be lifting about 10 million Filipinos above the poverty line. This program is so essential because in order to do this we need to pump prime the economy. We need to put the money in areas where it could be productive and in areas that will give us good economic rate of return,” Villar said. The government targets an economic

Mitsubishi set to relaunch L300 with cleaner engines By Othel V. Campos MITSUBISHI Motors Philippines Corp. said it will reintroduce L300 vans in the Philippines within one-and-a-half years after the model was phased out under the government’s program to make all new vehicles compliant with Euro 4 standards. MMPC vice president for marketing Froilan Dytianquin said Japan’s Mitsubishi Motors Corp. approved the proposal of the Philippine unit to re-introduce the L300 model that would be equipped with a new motor that is Euro 4 compliant. “Even before the call to upgrade to Euro 4 engines, we already announced that we will be phasing out the L300 model. Right now, all locally-manufactured L300 are still using the Euro 2 engine. We have to upgrade now to higher engine speciﬁcations to comply with the provision of the Clean Air Act,” Dytianquin said. The reengineering process will take about

“Looking at the PDS [Philippine Dealing System], what’s being dealt, the order of the magnitude is about $600 million, but when we started collecting data to the money service businesses, it’s in the order of more than $1 billion. This is outrageous. For transactions to be happening in the unregulated parallel markets, this has got to change,” Espenilla said. Bangko Sentral approved in December 2016 another round of foreign exchange liberalization with the entry of foreign banks in the country. The regulator approved the amendments to the Manual of Rules on Foreign Exchange Transactions to align the same with the provisions of Republic Act 10641, which allows the full entry of foreign banks in the Philippines. The law was signed by former president Benigno Aquino III, amending RA 7721 which limited the number of foreign banks that could enter the country to 10. The law, signed in July 2014, allows foreign banks to own as much as 100 percent of any local bank, removing the previous cap of 60 percent.

PNB AWARD. Philippine National Bank receives the Outstanding PhilPaSS REMIT Participant award from the Bangko Sentral ng Pilipinas during the 2017 Awards Ceremony and Appreciation Lunch for BSP Stakeholders in Manila. The award recognizes PNB’s exceptional performance in terms of remittance volume sent via the BSP’s Philippine Payments and Settlement System for processing and settlement. PNB has the most extensive international footprint among Philippine banks with 73 overseas branches, representative ofﬁces, remittance centers and subsidiaries. Shown are PNB president Reynaldo Maclang (second from left) and executive vice president and retail banking sector head Bernie Tocmo (third from left) receiving the award from BSP Monetary Board member Juan De Zuñiga Jr. (left) and BSP Governor Nestor Espenilla Jr.

ICTSI’s Australian unit extends 18 grants

By Darwin G. Amojelar

serve those kinds of rules in a market that is rapidly growing is to impede the growth of the market itself. It simply adds to cost of doing business and just creates a bigger and bigger black market,” the governor said. Espenilla said the development of the foreign exchange market was one of the very important focus of his term as Bangko Sentral governor. He said the reshaping of the ﬁnancial system should continue to make it truly responsive to the needs of the domestic economy. He earlier said the reforms to develop the local currency debt market were crucial components to sustain the economy’s growth momentum. “Our growth cannot be just founded on lending by banks. As bank regulator, I know how unstable that situation can be. Banks are inherently short-funded. To be funding these long-term assets creates strategic instability that is very uncomfortable for regulators,” he said. He said aside from developing the domestic debt market, the regulator could not also ignore what was happening in the foreign exchange market.

one-and-a-half years, just about in time to enroll in the PUV Modernization Program. Mitsubishi is retiring Euro 2 engine models that include L300 and Adventure utility vehicles. The company ramped up the production of the two models to catch up with demand, with a target of assembling 21,500 units for both until October 2017. The sale of the two models was extended until early 2018. The Land Transportation Office said it would allow the extension of the sale of Euro 2 engine models provided that the units have the certificate of stock report dated Dec. 31, 2017. The L300 cab and chassis are produced in two plants in the Philippines and Thailand. Dytianquin said the current traffic protocol that disallows light trucks from Edsa at certain hours would be advantageous to the company once the new generation L300 was introduced. Many light truck users shifted to using vans customized from L300 cab and chassis.

Business

MONDAY, JULY 31, 2017 extrastory2000@gmail.com

Market seen staying above 8,000 By Jenniffer B. Austria

HE benchmark Philippine Stock Exchange index is expected to stay above the 8,000-point level this week, ahead of the second-quarter earnings announcements. Analysts said major catalysts for the equities market this week would include the release of second-quarter earnings by listed companies and the expected passage of the ﬁrst phase of the Tax Reform Acceleration and Inclusion program in the third quarter. “A fresh batch of corporate earnings is slated to be released this week, with radars set on banking, property and power sectors. Select index-based issues within these categories might serve as lead in the market’s overall 1H [ﬁrst half] earnings expectation,”

2TradeAsia.com said. Among the companies scheduled to report their second-quarter financial results are BDO Unibank Inc., Aboitiz Equity Ventures, Aboitiz Power Corp., Manila Electric Co. and Metro Pacific Investments Corp. The continued inflow of foreign investments in the stock market is also expected to boost local shares this week, “The PSEi bucked the general downtrend in Asia on positive investor sentiment ahead of the release of second-quarter earnings results. We have also seen net foreign buying in the last six days which indicates funds potentially favoring emerging markets on expectations of steady interest rates in the US,” said PSE president and chief executive Ramon Monzon. The PSEi, the 30-company bellwether, climbed 1 percent last week to close at 8.071.47 on July 28, while the broader allshare index went up 0.4 percent to 4,790.60. The index managed to stay above the

8,000-point level, buoyed by the US Federal Reserve’s decision to leave interest rates steady and President Rodrigo Duterte’s State of the Nation Address. Except for the mining and oil index, which went down 0.4 percent and industrial which dropped 1 percent, all other sub-indices ended in the green led by property which jumped 1.5 percent and holding ﬁrms which advanced 1.3 percent. Foreign investors were net buyers last week by P2.6 billion. Average daily turnover amounted to P6.7 billion Top gainers last week Megaworld Corp. which climbed 5.1 percent to P4.94, Globe Telecom which rose 4.8 percent to P2.126 and Vista Land & Lifescapes Inc. which gained 4.2 percent to P5.99. Heavy losers included Cemex Holdings Philippines Inc. which slid 17.4 percent P6.01, Century Properties Group Inc. which dropped 10 percent to P0.54 and First Gen Corp. which declined 4.7 percent to 17.62.

Meralco solicits bids for 85-MW solar deal By Alena Mae S. Flores MANILA Electric Co., the country’s largest power retailer, issued an invitation to other renewable energy developers to challenge the price offered by Citicore Power Inc. for the supply of up to 85 megawatts from three solar power plants at P3.50 per kilowatt-hour. Meralco said in a published invitation for a price challenge that Citicore offered to supply 75 MW to 85 MW of capacity from its three solar plants, including Next Generation

MANILA STANDARD BUSINESS WEEKLY STOCKS REVIEW STOCKS

JULY 24-28, 2017 Close Volume

AG Finance Asia United Bank Banco de Oro Unibank Inc. Bank of PI China Bank BDO Leasing & Fin. INc. Bright Kindle Resources Citystate Savings COL Financial Eastwest Bank Filipino Fund Inc. First Abacus I-Remit Inc. Manulife Fin. Corp. MEDCO Holdings Metrobank Natl. Reinsurance Corp. PB Bank Phil Bank of Comm Phil. National Bank Phil. Savings Bank Philbanking Philippine trust Co. PSE Inc. RCBC `A’ Security Bank Sun Life Financial Union Bank Vantage Equities

3.8 59.85 125.00 107.40 36.5 4.04 1.35 10 16.06 32.2 8.29 0.67 1.68 960.00 0.690 86.15 0.82 16.1 25.00 67.00 89.9 90 113 239.8 57.05 233.6 1700.00 86.30 1.4

266,000 311,430 7,673,890 4,451,610 2,646,100 296,000 269,000 7,200 41,700 3,775,400 38,900 115,000 361,000 1,210 5,045,000 28,141,910 4,757,000 207,100 4,800 1,629,910 2,870 3,500 2,670 9,440 205,250 2,141,460 1,935 429,450 4,042,000

Aboitiz Power Corp. Agrinurture Inc. Alliance Tuna Intl Inc. Alsons Cons. Asiabest Group Basic Energy Corp. Bogo Medelin C. Azuc De Tarlac Cemex Holdings Century Food Chemphil Conc. Aggr. ‘A’ Conc. Aggr. ‘B’ Cirtek Holdings (Chips) Concepcion Crown Asia Da Vinci Capital Del Monte DNL Industries Inc. Eagle Cement Emperador Energy Devt. Corp. (EDC) EEI Euro-Med Lab First Gen Corp. First Holdings ‘A’ Ginebra San Miguel Inc. Holcim Philippines Inc. Integ. Micro-Electronics Ionics Inc Jollibee Foods Corp. Liberty Flour LMG Chemicals Mabuhay Vinyl Macay Holdings Manila Water Co. Inc. Maxs Group Megawide Mla. Elect. Co À’ MG Holdings Panasonic Mfg Phil. Corp. Pepsi-Cola Products Phil. Petron Corporation Petroenergy Res. Corp. Phil H2O Pilipinas Shell Phinma Corporation Phinma Energy Phoenix Petroleum Phils. Pryce Corp. À’ RFM Corporation Roxas and Co. Roxas Holdings San Miguel ‘Pure Foods À’ SFA Semicon Shakeys Pizza SPC Power Corp. Swift Foods, Inc. TKC Steel Corp. Universal Robina Victorias Milling Vitarich Corp. Vivant Corp. Vulcan Ind’l.

38.8 8.85 0.85 1.42 30.2 0.265 185 15.00 6.01 18.54 165.5 76 85 32 74 1.97 5.36 11.52 12.300 14.92 7.45 5.96 13.08 1.76 17.62 66 14.88 12.88 13.92 1.860 222.00 61.90 3.9 3.55 22.25 32.05 19.96 18.18 280.00 0.245 9.60 3.19 9.41 7.88 7.18 66.35 10.36 1.92 12.10 6.67 4.50 2.34 4.1 308 2.69 13.24 5.1 0.145 1.36 160 4.07 2.13 29.00 1.03

4,598,400 5,807,500 31,538,000 3,072,000 306,600 17,450,000 4,840 74,400 85,437,800 16,368,900 630 580 200 3,790,700 639,460 1,547,000 446,400 137,300 9,926,200 24,766,300 12,841,600 43,306,300 21,516,900 18,000 8,654,000 505,490 63,900 2,609,100 16,256,000 7,920,000 2,205,940 7,730 733,000 114,000 26,200 4,280,700 1,087,900 11,882,200 2,520,140 8,030,000 150,300 8,010,000 11,602,600 9,561,400 823,700 4,025,440 317,100 4,265,000 17,282,200 879,900 843,000 14,000 1,456,800 90,330 15,793,000 3,806,600 5,113,600 6,430,000 1,005,000 5,749,280 22,000 77,813,000 800 408,000

Abacus Cons. À’ Aboitiz Equity Alliance Global Inc. Anglo Holdings A Anscor À’ ATN Holdings A ATN Holdings B Ayala Corp À’ Cosco Capital DMCI Holdings F&J Prince ‘A’ F&J Prince ‘B’ Filinvest Dev. Corp. Forum Pacific GT Capital House of Inv. JG Summit Holdings Jolliville Holdings Keppel Holdings À’ Keppel Holdings `B’ Lopez Holdings Corp. Lodestar Invt. Holdg.Corp. LT Group Mabuhay Holdings À’ Metro Pacific Inv. Corp. MJCI Investments Inc. Pacifica À’ Prime Media Hldg Prime Orion Republic Glass ‘A’ San Miguel Corp À’ Seafront À’ SM Investments Inc. Solid Group Inc. South China Res. Inc. Transgrid Top Frontier Unioil Res. & Hldgs Wellex Industries Zeus Holdings

0.400 74.80 14.30 1.15 7.05 0.325 0.330 888 7.77 16.02 6.01 6 7.60 0.227 1242 8.35 79.95 4.65 5.42 6 6.81 1 18.1 0.470 6.81 3.23 0.0490 1.000 2.150 2.67 101.70 2.7 805.00 1.59 0.87 190.00 304.800 0.2850 0.2300 0.239

49,380,000 3,601,470 38,018,200 733,000 481,700 14,920,000 1,600,000 1,257,820 4,959,900 61,777,800 16,600 17,500 254,800 36,790,000 813,965 776,800 7,532,710 66,600 40,300 4,500 5,335,500 5,795,000 20,150,400 3,360,000 117,321,200 20,000 193,000,000 278,000 4,773,000 20,000 506,500 408,000 1,753,860 26,665,000 130,000 390 51,710 2,680,000 43,310,000 9,280,000

8990 HLDG Anchor Land Holdings Inc. A. Brown Co., Inc. Araneta Prop À’ Arthaland Corp. Ayala Land `B’ Belle Corp. À’ Cebu Holdings CEB Landmasters Cebu Prop. `B’ Century Property City & Land Dev. Cityland Dev. À’ Crown Equities Inc. Cyber Bay Corp. Double Dragon Empire East Land Ever Gotesco Global-Estate Filinvest Land,Inc.

5.890 6.04 1.45 2.310 1.060 43.000 3.79 5.35 4.69 5.99 0.540 1.20 1.520 0.191 0.510 45.7 0.740 0.170 1.54 1.83

1,411,700 4,600 24,259,000 427,000 33,988,000 54,117,800 9,762,000 86,100 45,344,400 3,200 280,797,000 2,154,000 2,055,000 33,020,000 19,949,000 1,050,100 11,703,000 44,730,000 119,614,000 67,740,000

Value FINANCIAL 1,073,900 18,504,683.00 948,767,217 476,471,649.00 96,627,620.00 1,182,840.00 363,300.00 71,902.00 671,404.00 121,014,755.00 313,060 76,170 601,800.00 1,132,280.00 3,495,390.00 2,434,267,400.50 3,876,720.00 3,317,694.00 119,730.00 110,074,537.50 255,081.00 315,000.00 309,808.00 2,275,072.00 11,872,649 493,542,344.00 3,275,820 37,063,245.50 5,883,000.00 INDUSTRIAL 182,472,380.00 51,764,803.00 28,060,920.00 4,362,320.00 9,385,120.00 4,634,050.00 913,826.00 1,115,464.00 549,365,169.00 306,234,692 108,459.00 44,884.00 17,000.00 119,050,110.00 44,839,057 3,067,570.00 2,371,776.00 1,586,862.00 122,185,664.00 600,707,302.00 97,327,309.00 256,768,605.00 277,569,432.00 31,280.00 155,861,734.00 33,570,501.50 947,822.00 34,765,774.00 235,420,102.00 15,121,610.00 483,741,030.00 467,416.00 2,906,180.00 393,140.00 539,510.00 138,739,875.00 21,697,470.00 241,550,162.00 708,382,592.00 1,940,710.00 1,449,114.00 25,489,650.00 110,510,761.00 80,650,145.00 5,770,090.00 266,798,130.00 3,235,680.00 8,210,320.00 209,215,456.00 5,921,369.00 3,820,700.00 32,660.00 6,920,942.00 27,718,756.00 44,708,940.00 50,407,526.00 23,788,743.00 936,000.00 1,366,230.00 919,449,033 87,380.00 169,786,830.00 23,255.00 421,830.00 HOLDING FIRMS 19,432,900.00 269,201,241.00 438,272,446.00 828,660.00 3,328,090.00 4,836,750.00 530,000.00 1,119,581,245 38,771,692.00 980,507,876.00 99,616.00 105,620.00 1,930,994.00 9,322,590.00 999,279,565.00 6,340,300.00 593,333,384.00 322,598.00 224,900.00 26,033.00 36,450,423.00 5,796,440.00 364,593,932.00 1,585,200.00 896,933,482.00 64,590.00 9,418,010.00 284,750.00 10,126,270.00 53,600.00 51,639,558.00 1,137,070.00 1,393,981,310.00 45,058,540.00 113,520.00 74,787.00 15,732,436.00 771,350.00 10,900,690.00 2,230,240.00 PROPERTY 8,346,038.00 29,928.00 34,920,320.00 994,800.00 35,773,970.00 2,337,592,290.00 36,407,000.00 459,539.00 223,167,854.00 18,358.00 157,924,740.00 2,621,380.00 3,173,780.00 6,276,510.00 10,200,760.00 48,294,735.00 8,675,640.00 8,342,120.00 180,046,610.00 124,318,630.00

JULY 17-21, 2017 Close Volume

Value

3.99 59.5 123.90 107.00 36.5 3.93 1.45

460,000 347,970 16,678,610 6,244,840 1,419,300 15,000 1,824,000

1,842,140.00 20,530,720.50 2,038,339,792 653,091,478.00 51,837,800.00 59,480.00 2,655,270.00

16.14 32 8.30 0.66 1.7 900.00 0.690 86.9 0.83 16.26 24.95 67.55 89.95

32,200 9,332,700 4,900 484,000 309,000 3,250 13,935,000 35,058,070 1,772,000 525,900 21,200 160,440 2,080

518,916.00 306,538,380.00 40,037 319,940 527,590.00 2,897,520.00 9,899,550.00 3,145,023,403.50 1,492,650.00 8,293,142.00 529,435.00 10,863,181.00 184,080.50

116.9 244.8 58 227.8 1690.00 86.35 1.36

2,160 7,940 3,263,810 1,920,820 1,675 315,780 356,000

240,429.00 1,944,592.00 190,894,432 426,441,080.00 2,757,090 27,265,970.00 490,620.00

40.2 8.99 0.88 1.43 31.6 0.265 191 15.66 7.28 18.76 165.3 75.1 85 29.45 70 2.04 5.31 11.5 12.500 15.64 7.78 5.99 12.62 1.69 18.5 67.1 14.70 13.40 15.52 1.980 221.80 62.05 4.05 3.45 23.45 32 19.72 18.62 277.00 0.245 9.49 3.18 9.73 7.66 7.2 66.9 10.30 1.95 11.98 6.72 4.54 2.3 5.1 305 2.97 12.94 4.57 0.148 1.38 161 4.09 2.1 29.95 1.03

4,311,600 9,845,500 43,480,000 8,757,000 493,600 19,050,000 22,470 440,700 17,039,800 3,934,000 20 31,440 660 4,024,200 874,950 1,815,000 455,400 188,000 15,396,200 13,704,800 8,427,000 51,465,800 23,162,600 10,000 7,298,500 1,126,640 140,900 577,700 12,916,900 25,071,000 3,960,930 12,320 4,037,000 123,000 12,000 4,302,500 2,247,600 12,470,500 2,877,430 9,680,000 1,332,800 10,898,000 13,173,200 7,507,800 1,350,400 5,171,590 223,600 5,226,000 24,210,800 268,600 5,187,000 18,000 1,262,900 329,460 52,424,000 4,173,200 2,562,000 4,350,000 405,000 3,723,040 723,000 52,712,000 25,900 793,000

172,303,515.00 89,188,113.00 39,173,370.00 12,484,550.00 15,530,125.00 5,086,100.00 4,658,943.00 6,860,550.00 124,154,367.00 73,712,140 3,443.00 2,611,482.00 61,315.00 119,034,800.00 60,150,266 3,669,430.00 2,410,209.00 2,161,890.00 192,041,970.00 212,370,868.00 66,229,193.00 304,873,330.00 284,035,100.00 16,860.00 137,656,426.00 76,387,661.50 2,109,560.00 7,862,254.00 203,143,040.00 53,133,470.00 867,249,576.00 791,010.50 17,177,890.00 423,510.00 270,425.00 138,347,965.00 45,023,064.00 233,238,966.00 788,075,086.00 2,362,170.00 12,821,943.00 34,819,080.00 127,139,787.00 59,237,052.00 10,251,895.00 352,138,961.50 2,304,662.00 10,273,000.00 277,745,756.00 1,757,022.00 23,530,160.00 39,700.00 6,450,611.00 100,368,796.00 160,753,710.00 54,384,982.00 11,582,200.00 628,430.00 556,320.00 601,310,327 2,978,330.00 111,876,690.00 756,440.00 825,220.00

0.370 75.70 14.00 1.15 7.00 0.330 0.330 880 7.9 15.60 6

10,270,000 4,977,220 42,242,500 854,000 543,500 6,430,000 2,420,000 685,070 3,530,000 50,596,700 30,300

3,785,700.00 369,704,012.00 590,200,118.00 993,340.00 3,813,733.00 2,132,450.00 810,800.00 592,111,805 27,934,017.00 783,383,272.00 183,570.00

7.70 0.229 1195 8.24 77.50 5 5.41 5.35 6.99 1.01 17.48 0.440 6.65

82,900 7,720,000 1,065,125 932,100 9,255,990 175,400 9,000 21,000 7,662,200 31,556,000 25,681,600 330,000 168,960,500

638,650.00 1,689,610.00 1,295,460,350.00 7,654,053.00 730,573,091.50 927,510.00 48,754.00 111,934.00 52,592,984.00 32,602,890.00 451,973,828.00 144,900.00 1,150,845,568.00

0.0510 1.020 2.170 2.60 103.10 2.75 800.00 1.58 0.87 190.00 303.800 0.2900 0.2300 0.250

218,440,000 247,000 6,237,000 17,000 404,810 5,032,000 1,508,060 14,936,000 741,000 5,280 39,900 1,030,000 23,210,000 2,930,000

11,223,920.00 257,420.00 13,524,330.00 44,200.00 41,672,350.00 14,091,780.00 1,199,039,620.00 23,591,390.00 651,150.00 1,098,541.00 12,119,466.00 296,750.00 5,472,490.00 752,550.00

5.950 6.02 1.45 2.360 1.100 42.150 3.72 5.34 5.25 5.99 0.600 1.26 1.560 0.191 0.530 47.2 0.780 0.183 1.54 1.80

1,713,400 400 52,919,000 1,336,000 18,674,000 41,423,100 8,001,000 281,300 30,278,900 3,000 488,339,000 4,611,000 3,208,000 58,120,000 22,211,000 458,800 35,338,000 36,510,000 215,469,000 154,217,000

10,153,473.00 2,408.00 78,141,860.00 3,143,250.00 20,828,520.00 1,731,972,330.00 29,772,470.00 1,497,736.00 161,038,730.00 17,556.00 307,271,190.00 5,652,500.00 4,954,060.00 11,132,020.00 11,702,710.00 21,610,920.00 27,802,610.00 6,519,610.00 344,871,930.00 293,497,730.00

STOCKS

JULY 24-28, 2017 Close Volume

JULY 17-21, 2017 Close Volume

Value

Interport `A’ Keppel Properties Megaworld MRC Allied Ind. Phil. Estates Corp. Phil. Realty `A’ Phil. Tob. Flue Cur & Redry Primex Corp. Robinson’s Land `B’ Rockwell Shang Properties Inc. SM Prime Holdings Sta. Lucia Land Inc. Starmalls Suntrust Home Dev. Inc. Vista Land & Lifescapes

1.05 4.12 4.94 0.340 0.6100 0.580 30.20 4.71 25.45 1.78 3.24 35.00 1.02 7.35 0.880 5.990

3,101,000 4,000 245,492,000 267,100,000 322,251,000 63,431,000 6,300 6,574,000 9,777,700 2,291,000 86,000 41,546,700 11,847,000 66,200 2,044,000 40,658,800

2GO Group’ ABS-CBN Acesite Hotel APC Group, Inc. Apollo Global Asian Terminals Inc. Berjaya Phils. Inc. Bloomberry Boulevard Holdings Cebu Air Inc. (5J) Centro Esc. Univ. Discovery World DFNN Inc. Easy Call “Common” FEUI Globe Telecom GMA Network Inc. Golden Haven Grand Plaza Hotel Harbor Star I.C.T.S.I. Imperial Res. À’ IPeople Inc. À’ IPM Holdings Island Info ISM Communications Jackstones LBC Express Leisure & Resorts Lorenzo Shipping Macroasia Corp. Manila Broadcasting Manila Bulletin Manila Jockey Melco Crown Metro Retail NOW Corp. Pacific Online Sys. Corp. PAL Holdings Inc. Paxys Inc. Phil. Racing Club Phil. Seven Corp. Philweb.Com Inc. PLDT Common PremiereHorizon Premium Leisure Puregold Robinsons RTL SBS Phil. Corp. SSI Group STI Holdings Transpacific Broadcast Travellers Waterfront Phils. Wilcon Depot MINING & OIL Abra Mining Apex À’ Atlas Cons. À’ Atok-Big Wedge À’ Benguet Corp À’ Benguet Corp `B’ Century Peak Metals Hldgs Coal Asia Dizon Ferronickel Geograce Res. Phil. Inc. Lepanto À’ Lepanto `B’ Manila Mining À’ Manila Mining `B’ Marcventures Hldgs., Inc. Nickelasia Nihao Mineral Resources Omico Oriental Peninsula Res. Oriental Pet. À’ Oriental Pet. `B’ Philex À’ PhilexPetroleum Philodrill Corp. À’ Phinma Petro Semirara Corp. United Paragon PREFERRED ABS-CBN Holdings Corp. Ayala Corp. Pref `B1’ Ayala Corp. Pref ‘B2’ Alco Preferred B DD PREF First Gen F First Gen G GLOBE PREF P GMA Holdings Inc. GTCAP PREF A GTCAP PREF B Leisure and Resort MWIDE PREF PCOR-Preferred A PCOR-Preferred B PF Pref 2 PNX PREF 3A PNX PREF 3B SMC Preferred B SMC Preferred C SMC Preferred D SMC Preferred E SMC Preferred F SMC Preferred G SMC Preferred H SMC Preferred I Swift Pref

23 43 1.75 0.620 0.043 11.18 5.3 9.11 0.0800 99.4 9.87 2.22 10.64 3.21 990 2126 6.22 15.78 13.12 2.89 107.9 3.46 12.56 8.60 0.175 1.3600 3.29 15.96 4.85 1.90 11.00 18.00 0.570 2.3 9.12 3.99 2.360 11.46 5.20 3.19 8.25 172.00 9.80 1700.00 0.425 1.620 47.20 86.95 6.09 4.63 1.490 1.94 3.47 1.190 9.000

913,200 311,000 2,236,000 63,944,000 156,100,000 400 10,900 67,283,400 157,990,000 2,086,000 379,900 30,000 5,392,100 2,000 5,310 112,460 1,722,600 201,000 500 5,790,000 6,132,570 203,000 3,000 1,598,500 83,220,000 3,001,000 210,000 17,600 4,564,000 47,001,000 27,346,800 3,400 607,000 216,000 16,983,900 20,610,000 10,437,000 73,700 106,700 4,000 7,000 8,870 4,051,600 539,930 86,060,000 81,451,000 4,311,600 4,449,750 3,636,200 59,173,000 78,059,000 18,000 3,440,000 173,847,000 30,582,200

0.0030 1.60 5.16 14.66 1.9100 1.9200 1.18 0.395 8.59 2.590 0.300 0.180 0.188 0.011 0.0120 1.89 5.98 1.94 0.6200 1.1200 0.0100 0.0120 8.76 3.45 0.0120 2.5200 172.80 0.0082

3,468,000,000 25,440,000 1,076,600 15,700 165,000 151,000 53,498,000 4,340,000 71,400 11,110,000 97,320,000 36,340,000 3,140,000 555,100,000 4,700,000 4,076,000 42,866,600 1,989,000 17,824,000 7,071,000 253,400,000 24,800,000 6,746,900 64,457,000 266,500,000 488,000 4,416,460 12,000,000

42.5 516 515 107 105 112 114.8 525 6.05 1011 1024 1.05 108 1036 1101 1018 105.4 113.5 76.4 80 77 79.1 81 78.9 78.5 79.95 2

491,700 21,200,900.00 21,700 11,195,150.00 6,440 3,336,080 50,630 5,379,980 467,790 49,114,926.00 14,320 1,603,990.00 25,630 2,861,264.00 4,010 2,080,750.00 7,078,500 42,806,533.00 555 562,430.00 16,745 17,124,460.00 3,583,000 3,717,780 23,630 2,542,040.00 3,915 4,055,940.00 13,100 14,671,050.00 4,140 2,171,540.00 20,540 2,164,933.00 430 48,805.00 14,810 1,132,994.00 219,750 17,686,839.00 68,130 5,223,647.50 197,340 15,411,589.00 17,210 1,389,540.00 48,060 3,795,579.00 699,810 55,030,985.00 380,770 30,110,968.00 2,000 4,000.00 WARRANTS & BONDS 3,674,000 10,580,170.00 SME 31,000 92,970.00 1,079,000 4,180,030.00 349,400 1,971,672.00 9,864,500 75,978,895.00

LR Warrant

2.860

Makati Fin. Corp. Italpinas Philab Holdings Xurpas EXCHANGE TRADED FUNDS First Metro ETF

3 3.88 5.77 7.51 122

USD DMPL A1

10.5

3,293,550.00 16,480.00 1,204,425,910.00 92,726,350.00 185,421,130.00 37,833,210.00 204,195.00 30,648,660.00 244,600,495.00 4,048,800.00 278,210.00 1,439,629,795.00 11,991,710.00 460,127.00 1,832,720.00 234,321,953.00 SERVICES 20,901,785.00 13,364,940.00 3,975,350.00 37,987,740.00 6,795,000.00 4,472.00 57,957 615,921,391.00 12,637,980.00 203,686,058.00 3,616,734.00 66,600 57,025,613.00 6,420.00 5,243,740.00 234,449,860 10,785,274.00 3,097,360.00 6,584 16,970,220.00 661,736,857.00 681,280 36,672.00 13,663,641.00 14,872,020.00 4,100,130.00 670,510.00 276,086.00 22,016,790 107,167,060.00 291,284,518.00 56,438 348,400.00 497,820.00 153,609,946.00 82,324,880.00 25,346,760.00 844,170.00 545,967 12,100.00 57,760.00 1,519,456.00 40,484,710.00 920,318,180.00 39,200,900.00 131,944,170.00 202,297,635.00 387,176,499.50 22,204,959.00 262,528,120.00 117,648,410.00 33,480.00 12,076,590.00 207,126,530.00 272,841,994.00 10,247,200.00 40,928,590.00 5,482,938.00 209,162.00 321,890.00 294,760.00 66,584,130.00 1,688,400.00 610,735.00 28,168,790.00 30,896,000.00 6,552,130.00 587,820.00 5,666,600.00 52,100.00 7,989,780.00 256,505,925.00 3,837,970.00 11,643,000.00 8,097,470.00 2,583,600.00 290,800.00 60,211,223.00 223,405,710.00 3,210,700.00 1,244,230.00 758,455,260.00 99,200.00

45,890 5,564,427.00 DOLLAR DENONIMATED SEC. 14,380 150,990.00

Value

1.08 4.12 4.7 0.360 0.5100 0.640 34.20 4.74 24.80 1.8 3.24 34.80 1.03 7.38 0.900 5.750

2,748,000 3,000 165,199,000 813,300,000 162,850,000 45,337,000 6,800 10,026,000 13,560,200 3,058,000 2,345,000 30,740,000 9,446,000 6,700 3,977,000 28,716,000

2,916,530.00 12,360.00 781,042,260.00 307,256,350.00 78,535,600.00 28,908,220.00 239,300.00 47,812,590.00 336,068,480.00 5,603,430.00 7,515,900.00 1,044,281,350.00 9,644,860.00 46,265.00 3,669,040.00 166,343,411.00

23.4 42.85 1.88 0.495 0.043 10.82 5.32 9.46 0.0810 97.75 9.57 2.22 10.24 3.23 990 2028 6.25 15.58 13.20 3.03 106 3.38 12.58 8.54 0.186 1.3900 3.3 15.52 4.90 2.23 9.50 16.22 0.600 2.37 8.9 4.04 2.550 11.46 5.10 3.2 8.25 167.00 10.20 1700.00 0.440 1.600 46.50 86.50 6.07 4.65 1.490 1.96 3.67 1.250 8.850

2,219,700 277,000 6,381,000 3,080,000 130,400,000 2,000 13,200 43,049,800 373,220,000 1,084,270 23,500 73,000 15,214,200 6,000 2,680 165,940 1,369,000 122,100 22,200 5,948,000 7,762,790 190,000 36,700 1,489,100 39,740,000 7,968,000 399,000 31,900 14,735,800 38,099,000 16,040,300 99,500 2,138,000 2,441,000 19,727,200 80,205,000 6,284,000 67,800 240,000 36,000 2,249,600 298,140 7,086,700 732,080 14,520,000 12,715,000 5,983,600 5,320,200 2,598,200 102,029,000 108,289,000 16,000 13,358,000 348,981,000 65,852,300

51,768,035.00 11,700,350.00 11,646,430.00 1,543,075.00 5,532,600.00 21,702.00 70,215 404,137,702.00 31,404,400.00 105,710,555.50 225,601.00 166,210 141,159,862.00 19,380.00 2,635,600.00 336,602,570 8,563,522.00 1,890,464.00 293,042 17,986,600.00 815,682,491.00 651,060 451,740.00 12,869,971.00 7,427,620.00 11,354,650.00 1,317,470.00 500,576.00 75,299,844 81,959,710.00 153,123,408.00 2,053,282 1,252,110.00 5,645,730.00 167,811,537.00 332,029,050.00 16,175,450.00 775,990.00 1,232,031 114,670.00 18,559,200.00 52,461,754.00 74,180,468.00 1,234,524,340.00 6,347,200.00 20,181,400.00 281,126,605.00 464,229,122.50 15,760,271.00 482,321,120.00 163,328,110.00 30,990.00 48,818,970.00 481,860,220.00 564,781,227.00

0.0031 1.68 5.13 14.70 1.9900 1.9600 1.21 0.385 8.53 2.640 0.300 0.186 0.192 0.012 0.0120 2.06 6.49 2 0.6000 1.1800 0.0110 0.0100 9.13 3.05 0.0120 2.6000 168.00 0.0083

6,503,000,000 29,394,000 1,416,300 700 147,000 112,000 55,348,000 925,000 86,500 22,600,000 10,410,000 85,550,000 17,010,000 430,000,000 16,500,000 72,856,000 40,480,500 1,237,000 5,510,000 14,570,000 154,800,000 28,200,000 18,488,900 3,759,000 520,600,000 211,000 7,670,030 32,100,000

20,094,800.00 50,062,990.00 7,339,432.00 9,582.00 300,010.00 227,840.00 64,865,090.00 759,400.00 745,680.00 61,817,250.00 3,074,000.00 16,435,700.00 3,354,630.00 4,737,100.00 196,900.00 141,356,300.00 264,772,448.00 2,442,310.00 3,396,780.00 18,030,590.00 1,565,300.00 282,000.00 168,134,918.00 11,465,410.00 6,251,000.00 553,960.00 1,253,077,286.00 279,500.00

43 516 515 106.5 104.6 112.5 114 517 6 1011 1020 1.05 108 1036 1100 1015 105.9 113.5 76.5 80.9 76.2 78 80.55 79 78.05 78.6 2

144,300 56,940 4,790 58,230 195,620 110 1,340 3,220 3,882,600 4,060 20,090 431,000 11,610 10,550 600 6,400 11,290 730 54,860 279,680 59,550 142,550 31,780 24,830 127,270 401,830 21,000

6,193,725.00 29,381,030.00 2,469,635 6,181,995 20,508,759.00 12,375.00 153,250.00 1,680,860.00 23,372,690.00 4,104,360.00 20,482,730.00 452,550 1,232,580.00 10,929,800.00 660,000.00 6,515,500.00 1,187,302.00 82,855.00 4,167,113.00 22,571,899.50 4,554,188.00 11,151,858.00 2,560,822.00 1,943,170.00 9,984,972.50 31,680,424.50 42,150.00

2.980

10,276,000

32,434,630.00

3.25 3.86 5.82 7.86

53,000 809,000 4,597,500 12,760,800

170,620.00 3,141,940.00 27,583,905.00 101,384,852.00

120

267,370

31,727,342.00

10.5

20,970

220,189.00

WEEKLY MOST TRADED STOCKS Abra Mining Manila Mining À’ Phil. Estates Corp. Century Property MRC Allied Ind. Philodrill Corp. À’ Oriental Pet. À’ Megaworld Pacifica À’ Waterfront Phils.

VOLUME 3,468,000,000 555,100,000 322,251,000 280,797,000 267,100,000 266,500,000 253,400,000 245,492,000 193,000,000 173,847,000

STOCKS Metrobank Ayala Land `B’ SM Prime Holdings SM Investments Inc. Megaworld Ayala Corp `A’ GT Capital DMCI Holdings Banco de Oro Unibank Inc. PLDT Common

VALUE 2,434,267,400.50 2,337,592,290.00 1,439,629,795.00 1,393,981,310.00 1,204,425,910.00 1,119,581,245 999,279,565.00 980,507,876.00 948,767,217.00 920,318,180.00

Power Technology Corp. in Mariveles, Bataan, First Toledo Solar Energy Corp.in Toledo, Cebu and Silay Solar Power Inc. in Silay, Negros Occidental. Meralco is required to publish an invitation for a price challenge under the competitive selection process rules of the Energy Department and the Energy Regulatory Commission. The distributor said the price challenger’s solar plant should be able to deliver power 20 years from commencement of the contract period. Meralco said the price challenger’s power plant must be covered by a solar energy service contract with the Energy Department and should have a valid certificate of registration as a renewable energy developer. The price challenger must own and control the power plant. Meralco said the price challenger must also show satisfactory evidence that it had the financial capacity to fulfill its obligations to the company. Qualified price challengers were given until Aug. 14 to submit their financial proposals to Meralco. Citicore’s P3.50 per kWh price offer is lower compared to the offers of Solar Philippines Tanauan Corp. and PowerSource First Bulacan Solar Inc.

Cirtek buys US antenna producer CIRTEK Holdings Philippines Corp. said it will acquire a 100-percent stake in Quintel, a leading provider of advanced high-efficiency, high-performance antenna solution headquartered in New York, USA. Cirtek said in a statement over the weekend the deal, expected to close on July 31, would give the company a significant presence in the large and rapidly growing base station antenna market, estimated at more than $14 billion by 2020. “Quintel’s cutting edge R&D and product capabilities significantly add to and complement Cirtek’s growing portfolio in wireless communication, and is aligned with our business focus on highgrowth market segments,” Cirtek president Jerry Liu said. The acquisition will be funded through debt financing. Quintel is a leading innovator of spectrum and space-efficient base station antennas for wireless networks. It designs, develops and delivers advanced high-efficiency, highperformance antenna solutions that help mobile operators to increase efficiency, enhance quality-of-service, slash costs and accelerate return on investments. Among Quintel’s major customers are two of the top 5 telecom carriers in North America. It recently expanded its industry-leading MultiServ Slimline Antennas portfolio. In addition to the 12-Port Multiband Antenna, Quintel now has 10 Port antennas, both of which come in 4, 6 and 8 foot lengths. Cirtek president Juanchito Dispo said the acquisition would enable the company to achieve significant synergies through value engineering, research and development collaboration as well as cost reduction, resulting in high-quality, reliable and cost-competitive products. Jenniffer B. Austria

CYAN MAGENTA YELLOW BLACK MONDAY, JULY 31, 2017 extrastory2000@gmail.com

Business

Manila

Standard

TODAY

MARICRIS C. SIM

GREEN LIGHT

I FIND the game ‘The boat is sinking’ similar with companies reducing their labor force or employee layoffs as some would call it. I noticed that this game at kids’ parties has mechanics of kids grouping themselves according to the given number of the party host and let go of others in order to win the game; same way, companies from different industries also let go of employees to reduce costs and be more competitive in the market whether domestically or globally. Creating a business is not just about earning profit for the company. It involves a lot of responsibilities, and along with such responsibilities is handling people or employees, who are one of the stakeholders of the company. Ways of leaving the company According to Jeffrey Mello, author of the book entitled Strategic Management of Human Resources, societal changes affecting consumer lifestyles, technology and economy have brought companies continuous pressure to change and adapt. With this, change in consumer lifestyles alter preferences for certain types of products and services, change in technology impacts production efficiency, and change in economy makes decision to be made within a global context. Hence, for companies to stay competitive in the market, they also need to be flexible in dealing with skill obsolescence among their employees. To become more efficient, adaptable, and competitive in the industry they belong, some companies reduce their workforce while some employees resign or retire. Given this situation, Mello stated that there are three major ways that employees leave the company: through reduction in force, turnover, or retirement. Reduction in force is not the only solution First, reduction in force is initiated by employers often caused by organizational restructuring from merger or acquisition activity of companies. Some companies which opted to reduce their workforce forget that it is not the only solution to reduce costs and fight skill obsolescence. Manila These companies could also find tandard TODAY a balance of supply and demand on

The boat is sinking their labor force by implementing good strategic human resource planning, which involves utilizing hiring freezes, not replacing departing employees, offering early retirement incentives, cross-training of employees to develop skills needed by the company, loaning or subcontracting employees, offering voluntary leaves, implementing across-theboard salary reductions, or redeploying workers to other functions, sites or units. This means that there are a lot of alternatives for companies to reduce costs in business operations without jumping to layoffs instantly to better protect employees’ job security while performing efficiently. Maximize benefits and minimize costs from turnovers Second, turnover is initiated by either the employers or employees. Either it is the employers’ or the employees’ decision, turnover would cost companies staffing and training expenses as well as downtime for the new employees to gain proficiency in their jobs. However, while turnover can be costly for the companies, it can also be beneficial to them in terms of hiring new employees with more current training and fresh ideas as well as lower payroll expenses. With this, again, implementing good strategic human resource plan must be conducted by the companies to maximize the benefit of turnover and minimize the costs incurred with the process. Plan retirement process Third, retirement is initiated by employees since employers cannot set mandatory retirement ages, force employees to retire, or treat older workers in a discriminatory manner in any employment decision because of the implementation of Republic Act No. 10911, otherwise known as the “Anti-Age Discrimination in Employment Act.” With retirement, companies will have opportunities to hire new employees which may cost them less than the older workers. But, along with these opportunities, companies will also lose these retirees’ wealth of knowledge about the industry and the marketplace. Hence, companies can hire these retirees on a part-time or consulting basis. This means that good strategic human resource plan on retirement

process must also be implemented by companies to maximize organizational beneﬁt from retirees. Need to implement a good strategic HR plan Looking at these three major ways that employees leave the company, I think companies need to implement good strategic human resource plan in managing employees. As much as possible, companies must use all means to prevent layoffs; but if these companies have no other choice but to lay off employees, they must do it strategically. This, therefore, highlights the role of human resource department in each company. HR’s role is: to ensure smooth transition whenever employees leave without disrupting business operations; to maintain companies’ good relationship with exiting employees; to ensure retained employees adjust to changes; and to offer retention program to retained employees. Some companies were able to maintain good relationship with their exiting employees despite of layoffs such as Kodak and Charles Scwab; while some were able to provide good retention program with their remaining employees such as Kraft Foods, Sprint PCS, United Airlines and Intel. One thing these companies have in common is their consideration to both the remaining and terminated employees. These companies’ HR were able to provide retention program, and training and development for retained employees, as well as transition package, and rehiring bonus for terminated employees. If companies will look beyond proﬁt and start considering its employees by aligning their strategic plans together with their human resources, then these employees will also look beyond salaries and start helping these companies to stand up and prosper as one team.

Dennis Uy: Next target is tourism By Jenniffer B. Austria

FTER making significant purchases over just one year, Davao-based businessman Dennis Uy remains on an acquisition mode and bullish about the domestic economy. The 43-year old Uy said in an interview he was interested in businesses related to his group’s core businesses like logistics, shipping and petroleum. The chairman at Chelsea Logistics Holdings Corp. and vice chairman, president and chief executive officer of Phoenix Petroleum Philippines Inc. is also open to investing in non-related sectors, like education and tourism-related projects. After acquiring a 28-percent stake in logistics firm 2GO Group Inc., Uy made two significant deals this year—acquiring Enderun Colleges Inc. and Petronas Energy Philippines Inc., the local unit of Malaysia’ Petroliam Nasional Berhad engaged in in the business of selling liquefied petroleum gas. Uy also has investments in the tourism business through a franchise of Go Hotels and a planned $300-million integrated resort and casino in Cebu. “I think our country soon—with the infrastructure programs of the government (through) Build, Build, Build—will really

experience a boom in tourism. From seven million (tourists a year), it’s not hard to imagine a 20 million tourism industry,” Uy said. “And what makes our country better than others—Malaysia, Thailand—is that we speak English ﬂuently, we have better tourism destinations,” he added. Uy through Chelsea Logistics plans to further increase its stake in 2GO Group Inc. to 38.8 percent, making it the single biggest shareholder and with management control. The increased equity will enable CLC to consolidate 2GO Group’s operations under the parent ﬁrm. CLC president Chryss Damuy said the company had a pending application with the Philippine Competition Commission to acquire the remaining 20 percent share in KGLI-NM Holdings Corp. held by the former management of Negros Navigation Co. Inc. CLC Udenna Investments has an 80 percent economic interest in KGLI-NM, which it turn holds a 38.8 percent economic interest in Negros Navigation, which owns 88.3 percent of 2GO Group. The acquisition once approved the the PCC will trigger a tender offer for the remaining minority shareholders of 2GO. The Securities Regulation Code requires a mandatory tender offers when a person or group of persons intends to acquire 35 percent of the outstanding voting shares of a public company in one or more transactions within a period of 12 months. SM Investments Corp. also owns a 34.5 percent interest in 2GO.

Maricris C. Sim is a Doctor of Business Administration student at De La Salle University. She can be reached at maricris.sim@dlsu.edu.ph. The views expressed here are the author’s and do not necessarily reﬂect the ofﬁcial position of DLSU, its faculty, and its administrators.

MEDIA SUMMIT. PLDT Inc. ﬁrst vice president and head of home business Oscar Reyes Jr. CYAN MAGENTA YELLOW BLACK (center) leads the discussions on video streaming and video-on-demand during the Future of Delivery and Aggregation panel at APOStech 2017 in Hong Kong. Reyes talked about PLDT Home’s key role in setting the trend for the Philippine market’s video delivery models, as consumption patterns and user experiences evolve. Manila

NGCP restores power in Ormoc NATIONAL Grid Corporation of the Philippines energized its replacement 150MVA transformer in Ormoc Substation on July 28, ahead of the July 31 deadline set by the Department of Energy, in efforts to expedite the restoration of power transmission services in the earthquakeaffected provinces in Visayas. The 150MVA transformer and another spare 100MVA transformer from NGCP’s Compostela Substation in Cebu was disassembled and hauled to the Ormoc Substation on July 19. Upon its arrival in Ormoc on July 20, the equipment was immediately subject to assembly and testing to ensure the reliability of equipment before commissioning. NGCP earlier energized two out of six transformers in Ormoc Substation on July 13 and a third transformer on July 17. With the replacement transformer online, NGCP will minimize, if not eliminate, rotating power interruptions and provide a more reliable power supply to the affected islands of Leyte, Samar, Bohol and Biliran. “Our plans proceeded earlier than scheduled because of the passion and dedication of our people. They can be assured that NGCP will continue its work to completely restore all affected facilities,” said NGCP.

040608 (Bank Code)

METRO SOUTH COOPERATIVE BANK

Standard

Form 2B (Revised June 2014)

TODAY

IDC Centre, Zapote Street cor. Kalayaan Avenue, Brgy. Sta. Cruz, Makati City

BALANCE SHEET

16th to 19th Floors, Fort Legend Towers 31st Street corner 3rd Avenue, Bonifacio Global City, Taguig City 1634

As of JUNE 30, 2017 ASSETS Cash and Cash Items Due from Bangko Sentral ng Pilipinas Due from Other Banks Financial Assets at Fair Value through Profit or Loss Available-for-Sale Financial Assets-Net Held-to-Maturity (HTM) Financial Assets-Net Unquoted Debt Securities Classified as Loans-Net Investments in Non-Marketable Equity Security-Net Loans and Receivables - Net Loans to Bangko Sentral ng Pilipinas Interbank Loans Receivable Loans and Receivables - Others Loans and Receivables Arising from RA/CA/PR/SLB General Loan Loss Provision Other Financial Assets Equity Investment in Subsidiaries, Associates and Joint Ventures-Net Bank Premises, Furniture, Fixture and Equipment-Net Real and Other Properties Acquired-Net Non-Current Assets Held for Sale Other Assets-Net Net Due from Head Office/Branches/Agencies, if any (Philippine branch of a foreign bank) TOTAL ASSETS LIABILITIES Financial Liabilities at Fair Value through Profit or Loss Deposit Liabilities Due to Other Banks Bills Payable a) BSP (Rediscounting and Other Advances) b) Interbank Loans Payable c) Other Deposit Substitute d) Others Bonds Payable-Net Unsecured Subordinated Debt-Net Redeemable Preferred Shares Special Time Deposit Due to Bangko Sentral ng Pilipinas Other Financial Liabilities Other Liabilities Net Due to Head Office/Branches/Agencies (Philippine branch of a foreign bank) TOTAL LIABILITIES Stockholders’ Equity Capital Stock Other Capital Accounts Retained Earnings Assigned Capital TOTAL STOCKHOLDERS’ EQUITY TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY CONTINGENT ACCOUNTS Guarantees Issued Financial Standby Letters of Credit Performance Standby Letters of Credit Commercial Letters of Credit Trade Related Guarantees Commitments Spot Foreign Exchange Contracts Securities Held Under Custodianship by Bank Proper Trust Department Accounts a) Trust and Other Fiduciary Accounts b) Agency Accounts c) Advisory/Consultancy Derivatives Others TOTAL CONTINGENT ACCOUNTS ADDITIONAL INFORMATION Gross total loan portfolio (TLP) Specific allowance for credit losses on the TLP Non-Performing Loans (NPLs) a. Gross NPLs b. Ratio of gross NPLs to gross TLP (%) c. Net NPLs d. Ratio of Net NPLs to gross TLP (%) Classified Loans & Other Risk Assets, gross of allowance for credit losses DOSRI Loans and receivables, gross allowance of credit losses Ratio of DOSRI loans and receivables, gross of allowance for credit losses, to gross TLP (%) Gross non-performing DOSRI loans and receivables Ratio of gross non-performing DOSRI loans and receivables to TLP (%) Percent Compliance with Magna Carta (%) a. 8% for Micro and Small Enterprises b. 2% for Medium Enterprises Return on Equity (ROE) (%) Capital Adequacy Ratio (CAR) on Solo Basis, as prescribed under existing regulations a. Total CAR (%) b. Tier 1 Ratio (%) c. Common Tier 1 Ratio (%) 1/ Deferred Charges not yet Written Down Unbooked Allowance for Credit Losses on Financial Instruments Received

Account Code 108000000000000000 105150000000000000 105200000000000000 112000000000000000 195200000000000000 195250000000000000 195300000000000000 195350000000000000 195400000000000000 140050000000000000 195401000000000000 140150500000000000 195402000000000000 175150000000000000 148000000000000000 195452500000000000 195500500000000000 195501000000000000 150150000000000000 152000000000000000 155250000000000000 100000000000000000 208000000000000000 215000000000000000 220050000000000000 220100000000000000 220100001500000000 220100002000000000 220100002500000000 220100003000000000 295201500000000000 295202000000000000 220250000000000000 220300000000000000 230350000000000000 240050000000000000 240100000000000000 230850000000000000 200000000000000000

Amount Current Quarter Previous Quarter 694,541.86 1,088,127.92 56,344,038.28 51,840,637.11 646,147,365.67 641,297,280.41 0.00 0.00 0.00 0.00 10,000 000.00 10,000,000,00 0.00 0.00 0.00 0.00 1,921,405,078.70 2,050,340,012.86 0.00 0.00 0.00 0.00 1,948,036,821.48 2,113,478,216.39 0.00 0.00 26,631,742.78 63,138,203.53 19,558,686.13 21,156,506.50 0.00 0.00 36,945,226.30 38,092,606.18 103,322,908.08 19,461,664.85 0.00 0.00 3,895,867.40 8,789,725.93 0.00 0.00 2,798,313,712.42 2,842,066,561.76 0.00 1,782,744,295.47 0.00 392,554,166.68 0.00 392,554,166.68 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6,670,476.42 126,457,490.72 0.00 2,308,426,429.29

0.00 1,572,265,894.72 0.00 613,016,666.68 0.00 613,016,666.68 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7,727,204.69 141,689,122.50 0.00 2,334,698,888.59

335050000000000000 335100000000000000 315000000000000000 325200000000000000 300000000000000000 905000000000000000

438,024,300.00 7,389,110.38 44,473,872.75 0.00 489,887,283.13 2,798,313,712.42

438,024,300.00 6,470,240.15 62,873,133.02 0.00 507,367,673.17 2,842,066,561.76

405000000000000000 410050000000000000 410100000000000000 415000000000000000 420000000000000000 425000000000000000 430000000000000000 495220000000000000 495250000000000000 495250500000000000 495251000000000000 495251500000000000 435000000000000000 440000000000000000 400000000000000000

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,547,461.91 2,547,461.91

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,277,198.91 3,277,198.91

499020000000000000 499300000000000000

2,042,325,235.14 94,288,413.66

2,160,781,539.73 47,303,323.34

499100500000000000 499150500000000000 499101000000000000 499151000000000000 499200000000000000 499400000000000000 499480000000000000 499500000000000000 499550000000000000

394,649,620.41 19.32 300,361,206.75 14.71 45.00 225,220,265.32 11.03 0.00 0.00

373,326,176.52 17.28 326,022,853.18 15.09 45.00 281,968,610.93 13.05 0.00 0.00

499050500000000000 499051000000000000 499350000000000000

12.22 28.51 3.00

11.90 28.50 5.00

499650500500000000 499650501000000000 499650501500000000 499700000000000000 499750000000000000

15.83 438.02 0.00 0.00 0.00

15.00 410.21 0.00 0.00 0.00

1/ Common Equity Tier 1 is only applicable to all Universal and Commercial Banks and their subsidiary banks.

Republic of the Philippines ) Makati City) s.s. I/We, RODA L. CRUZ and RENELIA V. ESTIOKO of the above-mentioned bank do solemnly swear that all matters set forth in the above balance sheet are true and correct to the best of my/our knowledge and belief.

RODA L. CRUZ Finance Head

RENELIA V. ESTIOKO President

SUBSCRIBED AND SWORN to before me this 24th day of July 2017 at Makati City, affiant exhibiting his/her/their Passport No.P1057056A, issued at DFA NCR EAST on December 01, 2016 and Passport No. P1747134A, issued at Manila City on January 25, 2017.

Doc. No. 432 Book No. 88 Page No. 101 Series of 2017

Statement of Condition (Head Office and Branches) As of June 30, 2017 BOARD OF DIRECTORS

AMOUNTS ASSETS

CURRENT QUARTER

PREVIOUS QUARTER

MR. JACK LEE Chairman

Cash and Cash Items PhP Due from Bangko Sentral ng Pilipinas (BSP) Due from Other Banks Financial Assets at Fair Value through Profit or Loss Available-for-Sale Financial Assets-Net Held-to-Maturity (HTM) Financial Assets-Net Unquoted Debt Securities Classified as Loans-Net Investments in Non-Marketable Equity Security-Net Loans and Receivables - Net Interbank Loans Receivable Loans and Receivables - Others Loans and Receivables Arising from RA/CA/PR/SLB General Loan Loss Provision Other Financial Assets Bank Premises, Furniture, Fixture and Equipment-Net Real and Other Properties Acquired-Net Other Assets-Net

371,685,704.26 4,375,237,018.00 1,128,538,209.41 786,447,460.58 628,030,898.02 836,631,761.39 18,491,297.48 12,440,816.63 29,403,392,147.24 1,520,396,889.55 25,780,027,404.44 2,442,201,738.00 339,233,884.75 119,880,045.67 221,367,840.93 96,574,860.91 871,331,422.54

353,951,486.91 5,071,753,345.02 577,773,875.12 897,977,051.26 1,150,673,845.01 834,590,617.11 25,345,228.75 12,440,816.63 25,515,488,585.09 767,643,924.96 24,157,621,536.58 900,000,000.00 309,776,876.45 104,758,648.98 215,953,039.25 93,192,492.61 940,874,549.44

TOTAL ASSETS

PhP

38,870,049,483.06

35,794,773,581.18

Financial Liabilities at Fair Value through Profit or Loss Deposit Liabilities Bills Payable a) Interbank Loans Payable Due to Bangko Sentral ng Pilipinas Other Financial Liabilities Other Liabilities

PhP

50,067,393.24 26,740,415,175.50 2,879,803,059.00 2,879,803,059.00 0.00 675,218,199.64 1,508,549,072.12

32,405,594.63 25,655,729,958.83 852,720,000.00 852,720,000.00 2,456,318.29 113,639,659.60 2,194,212,699.51

TOTAL LIABILITIES

PhP

31,854,052,899.50

28,851,164,230.86

Capital Stock Other Capital Accounts Retained Earnings

PhP

2,533,200,985.17 115,731,367.37 4,367,064,231.02

2,533,200,985.17 43,344,134.13 4,367,064,231.02

TOTAL STOCKHOLDERS’ EQUITY

PhP

7,015,996,583.56

6,943,609,350.32

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

PhP

38,870,049,483.06

35,794,773,581.18

MR. JIMMY ARSENIO Y. SAMONTE Senior Vice President

Financial Standby Letters of Credit Performance Standby Letters of Credit Commercial Letters of Credit Trade Related Guarantees Commitments Spot Foreign Exchange Contracts Trust Department Accounts a) Trust and Other Fiduciary Accounts b) Agency Accounts Derivatives Others

PhP

1,851,822,439.16 315,191,557.38 679,957,452.98 72,231,982.15 605,640,000.00 3,426,865,835.64 1,566,569,056.34 652,951,612.77 913,617,443.57 10,510,046,368.06 465,616,476.68

1,491,499,230.48 799,842,419.21 442,864,899.47 43,647,044.02 1,461,805,714.14 308,281,863.83 1,611,285,790.61 734,546,808.96 876,738,981.65 14,848,693,861.17 1,188,895,536.84

MR. JOSEPH B. ESTAVILLO Senior Vice President

TOTAL CONTINGENT ACCOUNTS

PhP

19,493,941,168.39

22,196,816,359.77

PhP PhP

30,113,559,202.69 370,933,170.70

26,184,578,428.10 359,312,966.56

PhP

445,600,591.58 1.48% 74,667,420.88 0.25%

357,499,065.12 1.37% -1,813,901.44 -0.01%

PhP

585,900,732.67

534,693,605.84

PhP

31,493,412.94

36,793,351.41

PhP

0.10% 0.00

0.14% 0.00

LIABILITIES

STOCKHOLDERS’ EQUITY

CONTINGENT ACCOUNTS

ADDITIONAL INFORMATION Gross Total Loan Portfolio (TLP) Specific Allowance for credit losses on the TLP Non-performing Loans (NPLs) a. Gross NPLs b. Ratio of gross NPLs to gross TLP (%) c. Net NPLs d. Ratio of Net NPLs to gross TLP (%) Classified Loans & Other Risk Assets, gross of allowance for credit losses DOSRI Loans and receivables, gross of allowance for credit losses Ratio of DOSRI Loans and receivables, gross of allowance for credit losses, to TLP (%) Gross Non-performing DOSRI loans and receivables Ratio of gross non-performing DOSRI loans and receivable to TLP (%) Percent Compliance with Magna Carta (%) a. 8% for Micro and Small Enterprises b. 2% for Medium Enterprises Return on Equity (ROE) (%) Capital Adequacy Ratio (CAR) on Solo Basis a. Total CAR (%) b. TIER 1 Ratio (%) c. CET 1 (%)

PhP

0.00%

3.10% 3.37% 3.71%

3.47% 3.56% 3.85%

20.36% 19.50% 19.50%

21.65% 20.78% 20.78%

MR. WILLIAM B. GO Vice Chairman DIRECTORS MR. PETER WEI MR. FRANK SHIH MR. CHIH-CHUNG HUANG MR. EDWIN B. VILLANUEVA MR. NG MENG TAM EXECUTIVE OFFICERS MR. PETER WEI President and CEO MR. ISMAEL R. SANDIG Senior Executive Vice President MS. JAMIE WANG Executive Vice President MR. OLIVER D. JIMENO Executive Vice President MS. MA. GRETCHEN S. MACABASCO Senior Vice President MS. CECILIA E. TABUENA Senior Vice President MR. EDGARDO A.M. MENDOZA, JR. Senior Vice President

MR. RAFAEL V. RUFINO III Senior Vice President MR. REMO ROMULO M. GAROVILLO JR. Senior Vice President MR. ANDRE P. PAYAWAL Senior Vice President MR. MARVIN I. TIBURCIO Senior Vice President MR. LOLITO RAMON A. CERRER, JR. Senior Vice President

REPUBLIC OF THE PHILIPPINES ) TAGUIG CITY ) S.S. I/We, ANDRE P. PAYAWAL and PETER WEI of the abovementioned Bank, do solemnly swear that all matters set forth in the above statement of condition are true and correct to the best of my/our knowledge and belief. (Sgd.) ANDRE P. PAYAWAL Chief Finance Officer, SVP (Signature Over Printed Name)

(Sgd.) WEI, ERH - CHANG (a.k.a. PETER WEI) President and CEO (Signature Over Printed Name)

SUBSCRIBED AND SWORN to before me this July 21, 2017 affiants exhibiting to me his/their TIN 150-031-779-000 and 498-488-868-000. Doc. No. 515; Book No. VII; Page No. 104; Series of 2017

(Sgd.) ATTY. MARY ANGELINE S. TOL NOTARY PUBLIC FOR TAGUIG CITY UNTIL DECEMBER 31, 2017 APPT NO.5 (2016 - 2017) / ROLL NO 51630 PTR NO. A-3253382 /01-03-17 / TAGUIG CITY IBP NO. 1019561 / 01-15-16 / CAVITE MCLE COMPLIANCE NO. V-0007014 / 03-23-15 16/F, Fort Legend Tower, 31st St. corner 3rd Avenue Bonifacio Global City, Taguig City

CYAN MAGENTA YELLOW BLACK

LGUs

Jimbo Owen Gulle, Editor Roger M. Garcia, Assistant Editor jimbo.gulle@gmail.com mslocalgov@gmail.com

P’sinan farmers gain 17 machines

LOCAL GOVERNMENT UNITS

MONDAY, JULY 31, 2017

By Dexter A. See

JOINT FORCES. The political leaders in Laguna province show their support to Senate President Koko Pimentel (second from left) during the PDP-Laban Basic Membership Seminar,

Federalism Forum and the oathtaking for the party’s new members at the Alonte Sports Arena on Saturday. They were led by Biñan City Mayor Arman Dimaguila (left) as the host city together with (from right) San Pablo City Mayor Amben Amante, Biñan City Rep. Lenlen Alonte, San Pedro City Mayor Lourdes Baby Cataquiz, Laguna 1st District Rep. Arlene Arcillas, and Calauan Mayor Gorge Berris. Roy Tomandao

PhilHealth for 10k Manila poor By Sandy Araneta

ITH public health one of his administration’s priorities, Manila Mayor Joseph Estrada has enrolled another batch of over 10,000 indigent Manileños in the Philippine Health Insurance Corp. program.

Estrada said he believes having health insurance is a must for every Filipino, more so the poor, owing to the rising cost of hospitalization and medical care in the country. “This is no longer a privilege, it should be the right of everyone to have a health insurance that

they can depend on in times of need,” Estrada said during the ceremonial distribution of PhilHealth ID cards to 224 of 10,470 beneficiaries at City Hall. For financially incapable and jobless Manileños, Estrada reassured them the city government would strive to enroll them

all to PhilHealth. For 2017, the city government aims to enroll 27,500 beneficiaries. The 10,470 residents were enrolled to PhilHealth for the month of July alone, according to Manila Department of Social Welfare chief Nanet Tanyag. “Mayor Estrada’s thrust is to have everyone, every poor resident, enrolled to PhilHealth, at least those who are qualified. No one will be left behind. We will try to enroll everyone,” Tanyag pointed out. The beneficiaries, who included solo parents and residents with chronic diseases that need expensive procedures such as dialysis and chemotherapy, came

from the six districts of Manila and Baseco Compound. Last month, Estrada approved the release of P200 million to cover the health insurance of the targeted beneficiaries, to cover their PhilHealth premiums and other hospitalization expenses. Upon assuming office in 2013, Estrada has been responding to the thrust of the national government for universal health care, especially for indigents of all ages. As stated in the National Health Insurance Act, the government should give priority to health as a strategy for achieving economic development and improving the quality of life, Es-

trada pointed out. As LGU-sponsored PhilHealth members, the beneficiaries are entitled to benefits enjoyed by regular members, Tanyag said. There are a total of 10 million low-income and marginalized members nationwide who are enrolled under PhilHealth’s Sponsored Program (SP). In 2016, Estrada allotted P142 million for the PhilHealth coverage of 60,000 indigent patients, plus P60 million more to cover other medical expenses. In 2015, about 42,000 Manila beneficiaries were also enrolled to PhilHealth through the P100 million funding released by the city government.

IN BRIEF

Noveleta launches new routes for traffic

Robbers on bikes killed in Batangas

NOVELETA, Cavite—The local government led by Mayor Dino Reyes Chua and local traffic czar Ricky Saria has launched alternate routes during rush hours to ease the traffic jams in the area. Starting Tuesday, August 1, certain roads are open for private vehicles coming from Cavite City that got through the Barangay Road to Rosario or Tanza from 7 to 9 a.m. and 6 to 8 p.m. only. Librado Reyes St. in Barangay San Juan is also open to motorists going to Kawit, Imus and Manila likewise from 7 to 9 a.m. and 6 to 8 p.m. only. The traffic flow is estimated to slow further when the Department of Public Works and Highway’s four-lane widening project ends in Noveleta from the boundary of Kawit and Cavite City. The mayor and Saria also urged vehicles to avoid parking along the national road to avoid further traffic flow, especially during rush hour.

TEACHER SUPPORT. Toyota Motor Philippines Foundation recently sponsored the annual physical examination

of the faculty and staff of its adopted school, Pulong Sta. Cruz Elementary School, in Santa Rosa City, Laguna. This year, around 90 school staff underwent a comprehensive checkup, as well as free laboratory services like blood and urine tests, chest x-ray, and electrocardiogram test. Female teachers and staff were also given free mammography examination. Running for more than a decade now, the Toyota-sponsored APE is just one of the many initiatives to help the adopted school.

Subic firm lets users sell excess solar power By Butch Gunio SUBIC BAY FREEPORT—A solar power company located here is now helping power consumers produce their own electric power supply and sell the excess power generated from their solar panels. Bandacorp Solar Inc. (Bandasolar) officials said with the net-metering program already in effect, residents of Olongapo City would be able to install an on-site Renewable Energy facility, produce power for

LINGAYEN, Pangasinan— Governor Amado I. Espino III and regional officials of the Department of Agriculture recently awarded 17 sets of farm mechanization facilities amounting to P17 million to 17 organized farmer groups. The farm-mechanization facilities are part of the Philippine Rural Development Program funded through the World Bank, with counterpart funds from the provincial government of Pangasinan and DA at 20 percent each. The machines were the third batch of farm mechanization facilities distributed to beneficiaries. The first two batches were made of five sets, bringing to a total of 22 machines already distributed to farmer groups in the province. The funding of each set of P1million worth of farm equipment, made up of 35-horsepower tractors, trailers, cage roller, and rotator, is shared by the World Bank (P800,000), LGU-Pangasinan (P200,000) and DA (P200,000). The recipients, which are mostly Multi-Purpose Cooperatives (MPCs), include Raniag Mantacdang MPC (San Quintin), St. Paschal Baylon MPC (San Quintin), Maresma MPC (Balungao) Capulaan MPC (Villasis), Saranay Agrarian Reform Cooperative (Natividad), Laguit Padill MPC (Bugallon), Lambayan MPC (Mapandan), Aramal Tocok FFF MPC (San Fabian); Nayon Credit Cooperative (Umingan), Catablan ARC Credit Cooperative (Urdaneta City), Bayanihan Hundred Islands ARC (Alaminos City), Southern Binmaley MPB (Binmaley), Centro TomaColayo Farmers MPC (Bani), Catuday AR Cooperative (Bolinao), Atlas Mabuna MPC (Malasiqui), Tay-ak Marketing Cooperative (Umingan), and Mapolopolo ARC (Basista). Five farmer cooperatives that earlier received the grants were Women’s Unity for Progress and Farmers Association (Mapandan), and four other San Fabianbased organizations: the Anonang Baraoas Irrigators’ Association, Makabagong Magsasaka Irrigators’ Association, Palapad Farmers Irrigators Association, and Samaka Magbayanihan Farmers Irrigators Association.

their own consumption, and even sell their excess electricity to distribution utilities. The firm, which provides environment-friendly solar panels and cost-efficient light-emitting diode (LED) lamps to cut consumers’ power bills by up to 50 percent, is banking on the net-metering program to draw this advantage. Net metering allows power users to install wind or solar power stations not exceeding 100 kilowatts (kW) in capacity for their own use.

The electricity that was not consumed is automatically fed to the Olongapo Electricity Distribution Company (OEDC) system, where they are paid as “generation cost.” The OEDC computes the amount of excess power fed to system, and then deducts the total from the consumer’s next electricity bill, thus lowering the cost. Subic Bay Metropolitan Authority Administrator Wilma Eisma lauded the Subic company for its support in the government’s renewable energy

program and for encouraging local households and businesses to play an active role in alternative energy production. “This is what Subic is all about—innovation and public service,” Eisma said. “Bandasolar not only helps power consumers minimize the use of expensive conventional power energy fuels, and thus save on their power bills, it also helps protect the environment and preserve natural energy sources,” she added.

CAMP VICENTE LIM, Laguna—Two suspected robbers were killed by police and Highway Patrol Group operatives after pursuing them in Balayan, Batangas on Saturday night. In a report to Calabarzon Police Director Chief Supt. Ma. O Aplasca, Batangas Police Provincial Director Senior Supt. Randy Q. Peralta said the robbers had victimized Ronel Calingasan, 31, married, self-employed and a resident of Brgy. District 10 in Balayan. The still-unidentified suspects were male, about 45 years old, 5-foot-5 and 5-foot-7 tall, with medium built. Calingasan had called local police at 9:35 p.m. on July 29, saying he was held up at Barangay Duhatan in Balayan by the suspects, who were riding a black motorcycle. One of the men drew a pistol and declared the holdup. The suspects took Calingasan’s cash worth P5,000 and a cellphone and fled toward Poblacion of Balayan, but police had set up a checkpoint in Barangay Magabe. The suspects tried to break through the barriers and crashed near a sugar cane plantation. A shootout ensued and the suspects died on the spot. Roy Tomandao

Malapitan fetes six drug-free barangays CALOOCAN City Mayor Oscar Malapitan congratulated the six barangays in the city certified by the Philippine Drug Enforcement Agency to be drug-free. Certified illegal drug-free were Barangays 13, 44, 48, 96, 103 and 146. Malapitan encouraged these barangays to continue with their anti-illegal drug programs to maintain their present standing and serve as inspiration and model to neighboring barangays. The mayor also commended the programs set by the city’s anti-drug abuse council, local police, barangays officials and residents for making the certification possible. Jun David

The Secret Ingredient

s e c i Sp&Slices F

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By Marielle C. Santos / Photos from GuoGuiyan Collection

ILIPINOS are particularly known to lean towards a more salty, savory, sweet and tangy ﬂavor proﬁle—none of which are achievable without making use of a number of seasonings, condiments, or spices.

Kuya J to add more branches across the country

Kuya J Restaurant, one of the country’s fastest growing Filipino casual dining restaurants, is adding another exciting milestone to its growing status, as it continues to expand nationwide. The famous restaurant, which was once a humble eatery in Cebu, takes pride in cooking its delicious, home-cooked Filipino dishes with love along with top-quality ingredients. No wonder its Grilled Scallops, Bulalo, Roast Chicken and Crispy Pata and other notable dishes have captured the hearts and palate of Filipinos all over the country. In fact, its Sizzling Sisig recently won the BEST SISIG for SunStar Weekend's Best of Cebu 2016. Aside from Kuya J’s tasty offerings, what you can also look forward to is the heartwarming experience that you’ll get to enjoy every time you visit the restaurant. Because at Kuya J, every staff will treat you like family. With the combination of delicious Filipino food offerings and warm, family-like service, Kuya J continues to expand and aims to become the country’s most popular and fastest growing restaurant that Filipinos love. Currently, Kuya J has already more than 90 branches nationwide.

Foreigners have long considered the Filipino palate as dull, simple and conservative. This is because Pinoy foodies used to be so wary of trying out new dishes and experimenting with other flavor profiles. But, bland food can be saved. With the perfect seasoning, side dish, or drink, one can surely cancel out the blandness and bring out the hidden flavors of any dish and satisfy local and foreign palates. With the Philippine food scene buzzing like never before, new flavors, experimental cuisine and culinary trends are now thriving with traditional hearty Pinoy dishes and dynamic food establishments.

Cuisine of the future "Filipino cuisine is the cuisine of the future. Other countries are marking our cuisine as one of most unique cuisines in the world maybe because of its Spanish and Asian taste that makes it different. Filipino cuisine is the wave of the future when it comes to gastronomic satisfaction," says Chef Christine Dela Paz, an up and coming chef who worked at the Brisbane Hilton before moving back to the Philippines. She is currently the business consultant of Korean fastfood chain Mr. Kimbob, and manages the Sugar Lovers Sweet Shop, a homebased cake shop for customized cakes. "Filipino Cuisine for me is different compared to other cuisine because of its speciﬁc taste and presentation using our own homegrown ingredients and spices. It has its unique taste that makes it truly Pinoy," she avers. New tastes, new cuisine Every dish has its own special ingredient and its perfect pair, but the staples are salt, pepper, vinegar, soy sauce, fermented ﬁsh sauce(patis), banana ketchup, and of course, bagoong. Moreover, Turn to C2

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From to C1

with modern dining soaring to greater heights with the introduction of fast food choices and the expansive ﬂavors, more foodies are encouraged to be more open and try out new cuisines. But have you ever wondered what makes these gastronomical adventures stand out? Yup, the secret ingredient! The secret ingredient, however, is not limited to a pinch of spice, a dash of soy sauce, or a honey-mayo dip. It is, in fact, far more than that. "For a dish to have an umami (delicious) taste it should have mixture of sweetness, saltiness and a bit of a tangy taste without using artiﬁcial

food enhancer. Salt and pepper are two of the basic food enhances that can elevate any food," says Chef Dela Paz. "My most used seasonings and spices are just the humble salt and pepper. If I want to be more adventurous, I use rosemary, thyme and basil." The secret ingredient The secret ingredient may just be pineapples on pizza (or not!), olives on burgers, ketchup in your grandma’s homecooked tinola or maybe even a vinegar dip for your classic NY Style pizza, in a serious attempt to balance out ﬂavors. There are no wrong food combinations. Everyone is now being tapped by chefs

to experiment with their food choices while not being all too dependent on our outside inﬂuences, most especially since most of our dishes carry imprints of our colonial past. And although most of our meals today are dominated by instant and processed food, it is important to know that no food combinations are weird enough to stop us from trying to search for that one special ingredient that will surely enhance every gastronomic journey. And indeed, with just a pinch, a sip or a dash, wonders are made. -- with additional reports from Giana Anella Atienza and Noelle Adrienne Castellano

WHAT MAKES A GREAT DESSERT? By Chef Christine Dela Paz, MBA A GOOD meal is not complete without the most awaited part: the dessert. No matter how simple or grand the meal, this sweet serving served last can make all the difference. My mother was known in our small town for her desserts; relatives, friends, and neighbors would line up for them during town fiestas and family celebrations. We may not have had lechon baka, but Nanay’s desserts made everyone happy nonetheless. Every province or region in the Philippines has its own popular dessert. In Manila, where I grew up, there would always be a good collection for every occasion: leche flan overflowing with caramel syrup, ube halaya (sweet purple yam) that was hand-shredded (and not ground with a processor), sweet beans that melted in your mouth, coconut milk gelatin with a pinkish top drizzled with raisins or pineapple bits, sweetened langka (jack fruit) that stayed in the palate for hours. These are the desserts that baby boomers and older considered satisfying. Millennials, however, prefer chocolate by itself or in parts of cakes, waffles donuts, ice cream, or as syrupy toppings. Creativity is limitless, and the adventure to try something new is thrilling. In other countries, a dessert can be as simple as brie cheese or fresh fruit which Filipinos are not so accustomed to. Is it worth the calories? But what makes a great dessert? While taste is

Chef Christine, a food and baking enthusiast started her career in baking way 1996 in when her family migrated to Australia. She couldn't ﬁnd a right cake to suit her palate and that presented an opportunity to learn baking and cake decorating at Brisbane School of Hospitality. It was there she found her real passion. She enrolled in various Philippine gov't agencies that offer cooking and baking classes to enhance her skills in baking. She ﬁnished her Bachelors Degree in Economics in 1985 at St. Paul. college, QC and later her Masteral. Degree in Business Administration in 1992 at International School of Management & Economics I/AME. She became a college professor for couple of years but baking was really her passion. She created a group in FB called Joyful Cuisine Club. She was also known by her colleagues in baking as the Traveling Chef because she can teach baking anywhere in the Philippines She was also featured in Umagang Kay Ganda as one of the cooking chef in 2015. She was also one of the many demo Chefs in SM, traveling in different SM malls in Metro Manila. Currently, she's managing her own homebased cake shop called Sugar Lovers Sweet Shop that specializes in customized cakes in any occassion.

relative, dessert is considered great (or worth the calories) if it gives a warm feeling of satisfaction of the palate. It could be because of the sharp sweetness or the right mix of smooth and rough texture, or simply because it tastes like home. The sweetness should not be too overpowering -- it should not make you cringe and worry about your blood sugar shooting above normal levels. Younger palates ﬁnd simple desserts with high levels of sweetness satisfying, but as the palate matures, it tends to look for toneddown desserts. The texture should be pleasantly surprising, with a slight crunch and crisp, like the shaved ice and toasted rice ﬂakes in a halo-halo, and the satisfying smooth cream to wash it all down, like the milk and ube ice cream. The ingredients should complement and balance each other, like singers in harmony, and you can say after eating… Hallelujah!

a maximum of three key flavors. A good example is strawberry and cream -- it may seem very simple but the result is as grand, as if you are a personal Masterchef for a wealthy family. Even more so with the right plating and garnish; it can make a simple dessert look even more delectable and appetizing. Always pick the right kind of dessert for the season and/or occasion. During the hot summer, you can choose cold desserts like sorbet and ice cream. Common flavors are chocolate, vanilla and strawberry. You can mix and match or infuse it with fruit. During the rainy or cold season, baked desserts such as cakes and pastries are perfect with mug of hot coffee and a blanket. Creating a great dessert will surely win the hearts of the people you make them for. Do not be afraid to experiment on new recipes or new versions of a traditional dessert. And lastly, do not forget to enjoy the entire process: from planning, to preparation, and finally taking a slice of your own Recipe for a great dessert creation. In choosing or making desserts, stick to Bon Appetit!

COCONUT BANANAS

WITH

CARAMEL SAUCE By Chef Christine

4 firm bananas (lacatan or latundan) Plain flour 2 eggs, lightly beaten 1 cup (70 grams) shredded coconut 2 tablespoon packaged breadcrumbs Oil for frying CARAMEL SAUCE: ½ cup brown sugar firmly packed ½ cup granulated sugar ½ cup water 1 can coconut milk 1 tablespoon water extra 20 grams butter PROCEDURE: 1. Cut bananas in half lengthwise, toss in flour, shake away excess flour. Dip bananas in eggs, then in combined coconut crumbs. 2. Just before serving, deep-fry bananas in hot oil until lightly browned, drain on paper towel. Serve hot bananas with caramel sauce. 3. Caramel Sauce: Combine sugar and water in a pan, stir over heat without boiling until sugar is dissolved. Bring to a boil, uncovered for 8 minutes or until golden brown. Stir in coconut milk and blended then add extra water. Continue stirring until sauce thickens slightly. Remove from heat, add butter and still until melted

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By Giana Anella G. Atienza

RINKING means many things to numerous people. Some consider it a passion, a career, a form of pastime. Some believe it’s the perfect accompaniment to a meal, while some do it to get away from the stress of everyday life. And yet for others, it is a celebration allowing them to cherish and enjoy another milestone in their lives.

Perfect

combinations

When it comes to meals, it’s no secret the right beverage can go a long way towards making an average meal near-perfect.

Perfect combinations

One can follow the “red wine with meat, white wine with fish and poultry” rule of thumb. Easy enough to follow. Likewise, if you need to pair food with a pint of beer, that can easily be solved with a few lagers and ales on hand. When it comes to other liquors, especially the hard ones, it gets a little more complicated, though not necessarily as intimidating as you think .

The beer and pizza combination is great for a night out with your buddies.

ippines, liquors also have Chimek. This shortened term refers to a popular combination in South Korea--”chi” for chicken and “maek” for maekju or Korean Beer. A good Korean style fried chicken and pint of pale ale can satisfy those hearty cravings. Desserts do not come to mind when one thinks of beer, yet Coffee Sundaes with Salted Peanut Butter Caramel is a perfect match for the English-style “old ale”. The roasted malt or barley gives boldness and booze to beer, which is kilned for color and taste, and provides a range of hearty flavors, from the “faintest bready taste to full-on espresso.” Perhaps there’s no better way to end your day than with the very famous beer and pizza pairing. The hot and crisp crust of pizza goes very well with a cold pint of beer. The perfect pairing comes from different varieties; like the classic cheese pizza also deserves a classic American pale ale with its enough bitterness that can cut through the cheese, and meat lovers pizza that can enjoy their meaty meal with Dark smoked beer that can add to a more authentic and smoky backbone to the meat.

joy this fancy drink together with its perfect match. Pinot noir is considered the most charismatic among all the grape varieties. It’s responsible for some of the world’s best red wine and boasts its considerable meal pairing versatility. Pinot noir like the 2004 Casa Marín Lo Abarca Hills Pinot Noir can be paired with any dish that has an earthy flavor, like mushrooms and truffles. The queen of all white wines, which is the Chardonnay, is the most diverse and white wine grape in the world. It varies from the rich Sonoma Chardonnay to light and zesty Blanc de Blancs Champagne. This white wine is best paired with any kind of seafood in a lush and rich sauce. Champagne is considered the King of sparkling wines. Dry sparkling wines is best paired with anything salty food. Since, champagne has a faint touch of sweetness it is extra-refreshing when served with anything salty. Everybody loves cheese and one will love it more when paired with a dry Rosé, a dry and seductive bursting of wine with wild strawberries and red currants. Dry Fine with wine Rosé has the acidity of a white wine and The primary purpose of wine is to fruitiness of red wine that compliments be tasted and enjoyed. But one can en- the saltiness of the cheese.

Cocktails for starters

The classic margarita that never gets out of style is a perfect match for a spicy Mexican dish. The sharpness of the drink alongside the bold tequila flavor complements the spiciness of many traditional Mexican dishes. Margarita also offers a cooling effect that seeps through the richness of the food. The King of Aperitvo cocktails, the Negroni, is perfect paired with a hard cheese like a good parmesan or a blue cheese. With its simple composition of equal parts gin, vermouth rosso and Campari this dry and zingiest cocktail can be complimented with anything salty like cheese as a good counteract to its pronounced flavors. The citrusy sherry cobbler is said to be a perfect match for a heavy and rich meal like duck. This American-born cocktail that is made with just a sherry, sugar and citrus is a perfect palate cleanser for any rich and heavy meal.

Beer for my dear

If there’s Brangelina and Kimye in America and Jadine and Aldub in the Phil-

Serving cocktails is one way to break the ice during parties.

Guidelines for that FIRST DATE By Patricia Bianca Taculao and Red Estrada

[almost] any dish that involves sauces, meat, fish and vegetables. There are two types of Tarragon: French and Russian. French Tarragon is sweeter and more aromatic compared to its harsh Russian counterpart. Capers are known for their added burst of flavor which is usually described as salty with a hint of citrus and olives. The herbs are unripened flower

FIRST dates usually take a lot of careful planning to make sure that it won’t be the last. It’s also that crucial moment that will establish first impressions between those who want to make a connection. From the outfit for the night to rehearsing possible topics and conversations during the date itself, preparing for it is really tedious. But all efforts would go to waste if eating dinner would turn out to be messy with a piece of spinach stuck between the teeth or that sauce stain on the carefully planned outfit; the worst that could happen is if the choice of meal will leave an uncomfortable feeling for the people sitting Dinner is one of the most important factors to consider in a date. across each other. To avoid a disastrous date, here are 10 guidelines to buds native to some parts of Asia and consider in devising an effective food the Mediterranean. The small, green strategy: herb gives off a sour and salty flavor to For the appetizers: alads, dressings, sauces, vegetables and Opt for those quick, clean bites that a variety of main dishes. you can share with your date. Since silFor the entrée: verware is not a necessity to eat dishes Avoid proteins that are still on the like these, it can be an easy conversa- bone because the attention would be dition starter. verted to the process of slicing the meat Serving suggestion: Tarragon and rather than the date itself. Caper Deviled Eggs�To elevate the Serving suggestion: Smoked Papriusual flavor profile of devilled eggs ka Pork Tenderloin �The mild flavors with the distinctive taste and aroma of pork tenderloin would complement of tarragon which is also paired with well with a brown sugar and smoked briny capers. paprika rub. Spices: Tarragon is a low shrub origiSpices: Smoked paprika is incrednating from Asia. It’s a member of the ibly seductive smoky flavor and lettuce family and the spices tender aroma of the Spanish counterpart of leaves are versatile and can be used in the sweet Hungarian paprika is made

from dried pimiento peppers, smoked and then ground into fine powder. It is popular among meat, vegetables, sauces and stews. Smoked paprika is known for many names: pimenton, smoked pimenton, sweet paprika or Spanish paprika. But the spice is easily identified by its deep red color and powerful smoky aroma but in reality, the spice is mild and sweet. For dessert: Chocolate is always the answer. Choose a meal that can be shared by two so the date will end on a sweet note. Serving suggestion: Cayenne Hot Chili Peppers�The recipe itself is a conversation starter and the combination of silky dark chocolate and hot chilies that have a pleasant hit of spice at the back of your throat. Spices: Cayenne pepper is an adaptable spice that can be used in both sweet and savory dishes. Cayenne is a type of red chili pepper that originated from French Guiana was spread throughout various places in the world during the 15th and 16th century. Cayenne pepper is popular among Mexican, Asian, Indian and Southern cuisine. Now that you have read the guidelines for a successful first date, getting that second date is now easier for sure. These are just simple guidelines to help you ensure that second date. Combine this with your own unique sense of humor, wit, and character during your first date. Don’t forget to boost your confidence during your first date because none of this would matter if you can’t show your date the best version of yourself.

A worthwhile franchise MANANG’S crispy glazed chicken has captured the hearts of Filipinos since 2010. Since its humble beginnings at Mercato Centrale, a food Market that they still participate in on weekends, it now has 12 branches and counting across the country. These include outlets in SM City San Mateo, Robinson Novaliches, Robinson’s Place Tacloban, SM Fairview, SM North Edsa and soon to be in Vigan, Ilocos Sur. It is one of the fastest growing fast casual restaurants in the Philippines with a strong brand identity and recall. Manang’s Chicken offers unique and quality products such as the soy garlic glazed chicken which is offered in original, mild spicy and extra spicy. Their chips are accompanied by a dip and gourmet pastas which are innovative yet accustomed to Filipino taste preferences. It has a strong management and support team with local and international experiences in food development, fast-food management, logistics, accounting and law. The company has a comprehensive

logistic support system via its sister companies in the MMG Group of Companies whose business range in various industries from logistics, commercial property leasing, financing, fuel retail, cosmetics retail and distribution and has been in business for over 35 years. Manang’s Chicken is a member of the Philippine Franchise Association (PFA) and Association of Filipino Franchisers Inc. which is the country’s largest franchise associations. With a combination of strong entrepreneurial essence and drive to follow already proven systems Manang’s Chicken would be the best choice to invest in. The family owned business is ready and prepared to extend their success to eager potential Franchisees. For franchise inquiries, contact Giabella Foods Corporation Franchising Department franchise@manangschicken.com or (02)403-5450 / 0933-8512490. Visit www.manangschicken.com for more details. Like us and follow us on Facebook and Instagram @manangschicken.

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KUYA J (MANILA STANDARD 5cols x 24cm).pdf

7/27/17

1:11 PM

Our best-tasting Hawaiian pizza! Overloaded flavors with the combination of sweet and juicy pineapples, savory ham, smoky bacon, green bell peppers, loaded with mozzarella and cheddar cheese

GREENWICH

Hawaiian Overload:

Pineapple-sweet meaty cheesy goodness

‘P

INEAPPLES on pizza’ has been a widely debated topic that’s been blowing up social media for quite some time. Netizens have been aggressively weighing in and professing their love or contempt for the sweet and savory treat which is arguably the most controversial pizza yet. This becomes a raging issue even for the barkada when you and your friends don’t see eye-to-eye when it comes to which pizza flavor you are ordering for your next bonding session.

Despite the seemingly widespread online questioning for Hawaiian pizza, a huge chunk of Filipinos considers the pineappletopped delight as their favorite. For this reason, Greenwich, the Philippines’ favorite pizza and pasta chain, decided to put the spotlight on their Hawaiian Overload Pizza. Understanding how much Filipinos love pineapples on pizza, Greenwich offers a deliciously different take on the beloved classic, making Greenwich Hawaiian Overload the best-tasting choice for Hawaiian pizza lovers! Aside from the scrumptious sweet and juicy pineapples, Hawaiian Overload

also has the goodness of two kinds of savory ham, smoky bacon, and green bell peppers, loaded with generous heaps of mozzarella and cheddar cheese on freshly baked crust! The Hawaiian Overload truly makes for the perfect treat for any day with pizza cravings. Hawaiian lovers are in for a treat for there’s truly more reason to #ChooseHawaiianOverload ! #GWithTheBarkada and visit your favorite Greenwich pizzeria for the best-tasting Hawaiian pizza or call Greenwich delivery at #55555 to get the deliciously different goodness delivered straight to your door.

Staff Box: Gianna Maniego EDITOR Romel “Ismit” Mendez Rex Sardinia LAYOUT Chef Christine Dela Paz, MBA Giana Anella Atienza Noelle Adriene Castellano Red Estrada Marielle Santos Patricia Bianca Taculao Jacob Urmenita CONTRIBUTORS Paula Marie Reynoso HEAD, SUPPLEMENTS GROUP Mary June Eballar- Dulay PROPONENT Joan Velasco Sheila Marie Suarez SUPPORT STAFF

Life

Isah V. Red, Editor Bernadette Lunas, Writer isahred@gmail.com

FOOD

MONDAY, JULY 31, 2017

The North Has Arrived Chef Yang Chen Fei, an expert in Northern Chinese cuisine, can swiftly prepare a bowl of hand-pulled noodles in two minutes and create 600 dumplings in an hour.

N Jing Ting’s a la minute dishes include the Genghis Khan roasted prime beef short ribs and braised pork with toasted burger.

THE JOYCE OF EATING

ORTHERN China, with its harsh, cold winters and hot summers, is known for wheat- and meatbased dishes from the regional cuisines of Beijing, Xinjiang and Inner Mongolia.

JOYCE BABE PAÑARES

Most ingredients are based on the region’s agricultural products, which are limited due to the cold and dry weather in the north. Wheat is the staple crop of Northern China, and the region has an abundance of wheat-flour products in the form of noodles, dumplings, steamed buns, stuffed buns, and pancakes. Dumplings, in particular, are very popular in the north, served with vinegar and hot chili oil for dipping. In Inner Mongolia where there are large grasslands, their dishes feature beef, game and dairy products. Northeastern dishes are also famous for making use of pickled vegetables, influence by (North) Korean kimchi. A strong flavor is very important for Northerners, who achieve this with salt and seasonings such as soy sauce, vinegar, garlic, scallions, ginger, leeks, star anise, sweet bean sauces, chili peppers, and sesame oil. Even Mao Zedong, revered as China’s great helmsman and a native of Hunan province, loved spices in his

food. “You can’t be a revolutionary if you don’t eat chili,” he once famously lectured a Soviet official. “Northern Chinese dishes have stronger and more complex taste than those from the southern regions – a medley of sweet, salty, sour and spicy,” said Yang Chen Fei, chef de cuisine of Jing Ting, the newest foodie hotspot at City of Dreams Manila. Chef Yang, who has more than 15 years of culinary experience with specialization in both traditional and modern Northern Chinese cuisine, trained under the famous Master Chef Cheng Hui, the chef of former Chinese President Hu Jintao. He is particularly proud of producing hand-pulled noodles from scratch for Jing Ting, a skill which he began mastering since he was 19 years old. “It takes about three months of daily training for one to be decent enough in producing hand-pulled noodles,” said Yang, who can swiftly prepare a bowl of hand-pulled noodles in only two

minutes and create 600 dumplings in an hour. Jing Ting is the third Chinese restaurant in City of Dreams, a quick and casual 92-seater in the luxury integrated resort, which also hosts the high-end Crystal Dragon and the Noodle8 dining outlet inside the casino. Jing Ting, which means a little house or a resting place, was inspired by Northern Chinese hutong – narrow alleys dotted by small and traditional houses that are most prominent in Beijing. Its expansive open show kitchen will enable diners to appreciate the preparation of hand-pulled noodles and freshly-crafted dishes a la minute, including the Genghis Khan roasted prime beef short ribs that are marinated for 12 hours (P1,380 for 800 grams); Xinjiangstyle spicy lamb skewer with cumin spices (P768); cold shredded rice roll with spicy sesame sauce (P178); braised pork with homemade toasted burger (P268); sweet soy noodles with pork and assorted vegetables (P268), Beijing pork dumpling (P378 for eight pieces); poached pork and kimchi dumpling; mushroom vegetables and pork dumpling; and the chopped beef and celery dumpling. “The flour and some of the spices that we use are all imported from Beijing,” said Chef Yang. “Our prices are very affordable but our portions are big enough to share.” For feedback, send comments to joyce.panares@gmail.com

How Locavore serves locally grown food JUST as the world continues to evolve, tastes in food also diversify as other cultures continue to influence the way it is prepared. But just as different cuisines are pleasing to the senses, appetites will still crave for a familiar flavor that’s close to home. It’s no secret: Filipinos love food. A foodie by heart, they are constantly searching for restaurants that offer their taste buds a new experience in food. The metro’s food scene does not disappoint as popular foreign restaurants begin to open shop in the country. To keep up with the increase of international chains, local restaurateurs have begun to think outside the box in order to innovate Filipino food, while retaining the familiarity we’ve all come to expect. One local restaurant that offers this unique venture of reinventing Filipino staples is Locavore. With branches now in Pasig and Bonifacio Global City, it is gathering a steady stream of clients looking for a new favorite destination. Locavore was established in 2015 with the goal of serving Filipino home-cooked meals with a twist. The restaurant boasts a menu that is diverse and playful while still keeping the taste close to home. For a certified local foodie, its menu will surely be love at first bite. But what makes the Locavore food experience stand out more on the local food scene is its advocacy for home grown goods. From the ingredients it uses in every dish to the beers it serves, everything is locally grown and made. In fact, the name alone depicts what it aims to promote. Derived from the words local and vore, which means “one who eats food grown locally whenever possible,” Locavore incorporates the use of local organic goods to meals, and presents it differently; one that looks new and yet tastes so familiar. A classic example is its take on the traditional

kare-kare, where chicken wings are used instead of the usual ox tail, tripe and pork leg; wings are glazed with kare-kare sauce and buttermilk ranch dressing and garnished with singkamas and mangga with bagoong, making the conventional Filipino stew more tasteful. It also has a version of the indigenous dish pinakbet where locally grown vegetables like sigarilyas, kalabasa, okra, pickled ampalaya, zuchinni, eggplant, and mushroom are mixed with bagoong broth. Even the popular silog meals are included in the menu and boast of homegrown meat products like chorizo and house-cured beef tapa, among others. Locavore also has a good selection of locally brewed beers, from Joe’s Brew to San Mig and even Privo Paha. The cocktails are also one to look out for as these are infused with local fruits like calamansi, Batangas dalandan, labuyo and Bukidnon pineapple. Ginataang Kaldereta With all these native fruits and vegetables as ingredients to popular Filipino dishes matched with modern techniques in cooking, Locavore is able to distinctively introduce homegrown products to local and foreign palates and make them come back for more after the first bite. From the pampagana and ulam to refreshing local beers and signature cocktails, it is sure to keep foodies on their toes while assuring them that the food they consume is healthy, palatable, and sustainable. Locavore is more than about keeping up with the current food trend. It is a restaurant with a goal to raise awareness about homegrown goods while satisfying local foodies’ constant quest for a unique food experience. So if you are looking for a restaurant to satiate your hunger for food that is unique but tastes like home, look no further. Locavore is sure to satisfy your cravings one local food at a time. Garlic Butter Sugpo

Boneless Lechon Belly

Life

MONDAY, JULY 31, 2017 isahred@gmail.com

COOK BOOKS

What kids should know

about Filipino food I

N CELEBRATION of Teresita “Mama Sita” Reyes’ 100th birth anniversary, the Mama Sita Foundation has collaborated with Adarna House in publishing the Special Mama Sita’s Centennial Edition of What Kids Should Know About Filipino Food. This new book by culinary historian Felice Prudente Sta. Maria is an informative food guide not just for kids, but for adults, too, and anyone who wants to know the littlest details with greatest importance on Philippine food and culture. Sta. Maria, celebrated author of various food books including the awardwinning The Governor-General’s Kitchen: Philippine Culinary Vignettes and Period Recipes and the Foods of Rizal, has been collecting historical materials regarding Philippine cuisine since the 1970s.

The Mama Sita’s Centennial Edition features highlights the life of Teresita Reyes, and her contribution to Philippine food history. In the book introduction, Clara Reyes, daughter of Mama Sita wrote, “This edition celebrates Mama Sita’s love for children, her family, and Philippine food culture as her story, recipes and food tips are featured for kids and their parents to enjoy….” Teresita Reyes was born on May 11, 1917 in Manila to a family known for good cooking. Her mother established the first and perhaps one of the most

famous Filipino restaurants that still stands today. Having grown up in a family that loves to cook and eat, Sita learned the rudiments of marketing and cooking as a young girl. She raised her 11 children through various food ventures—reviving her mother’s old canteen, peddling turon and kakanin in schools, selling fruits in her mini-storeon wheels— experiences that enriched her culinary journey. In her travels, she realized how difficult it was to prepare Filipino food away from home, without the ingredients one has become used to like sampaloc and bayabas for sinigang. Since then she had made it her mission to make Filipino food more accessible anywhere in the world. That was how Mama Sita’s products came into being and her vision became reality. In 2013, a commemorative stamp was launched by the Philippine Post-

Mama Sita Foundation launches a special centennial edition of ‘What Kids Should Know About Filipino Food’ together with Adarna House Publishing

al Corporation in honor of Teresita “Mama Sita” Reyes. Dr. Maria Serena Diokno, former chairperson of the National Historical Commission of the

Philippines remarked, “Philippine food history is not complete without taking into account the role of Teresita Reyes in popularizing Philippine cuisine….”

‘Cake Boss’ is in town Greenwich Lasagna Supreme is loaded with layers of pasta sheets, meat, sauce and cheese

Experience epic on a plate BARKADAS are always on the lookout for adventure. Whether it be a beach trip in a tropical paradise or a chill staycation at a friend’s house, they are looking for fun, thrilling, and memorable experiences they can relish with the whole squad. Simply put, barkadas live for these epic moments and don’t settle for anything less. Perfect for you and your adventureseeking squad, Greenwich offers its most epic pasta yet – the Greenwich Lasagna Supreme. This best-tasting dish has loaded layers of pasta sheets, meat, sauce, and lots and lots of cheese to give you and your friends an unforgettable treat. Cooked to perfection, it offers a sumptuous blend of different flavors that’s truly epic on a plate to be enjoyed by the entire barkada. #GWithTheBarkada and make adventures more epic this summer with the Greenwich #EpicLasagnaSupreme . Visit your favorite Greenwich pizzeria, or call Greenwich delivery by pressing # then 5-55-55 and get epic-ness delivered straight to your door.

HAVE you ever imagined baking alongside Chef Buddy Valastro from the popular American reality TV show Cake Boss? Baking with Chef Buddy may seem to be a dream but the possibility of having your own Cake Boss baking and decorating tools, designed and patterned after those used in the show, is now within arm’s reach. You can now bake like a boss in the comfort of your own kitchen with Cake Boss baking and decorating tools designed and crafted based on the recommendations of Chef Buddy. Each Cake Boss product guarantees that it can cater to your everyday baking needs. The products are not just durable, efficient and convenient to use but also feature cute, playful and colorful designs giving your kitchen a sweet touch. Cake Boss offers a wide variety of baking and decorating tools needed for preparing, mixing, rolling, baking, cutting and decorating. It also includes a cookbook stand, measuring cups and spoons, bowls, whisks, scrapers, pins, pans, design cutters, cake decorating turntables, icing bags, tips, cake kits, spatulas and more. In a recent Cake Boss “Bake Like the Boss” baking demo by Chef Dorothy Ferreria held at True Value Shangri-La Plaza and hosted by actor/chef Steven Silva, she said baking is like chemistry. “You need to follow the exact measurements of ingredients in order to come up with delicious sweet treats. Baking re-

quires following the recipe properly and you must have a conversion list at hand always to make sure that you get the numbers right. The Cake Boss spatula is perfect for this job. It’s not your ordinary spatula because it has a printed conversion list so you don’t need to memorize or scramble around to look for a conversion table. Another great thing about this spatula is that the printed list will never fade even if you wash it frequently. If you want your recipe to be near you always then the Cake Boss Cookbook Stand is the perfect tool to place your cookbooks or electronic gadgets. The stand has a durable rust-resistant coating and it is very easy to clean,” said Chef Dorothy during the event. Chef Dorothy whipped up some sweet treats during the baking demo while using different Cake Boss products like prep bowls, cupcake molders, spatula, scraper, icing bags and icing tips. Kids were glad to assist Chef Dorothy in preparing and mixing ingredients using Cake Boss pastel-colored prep bowls and measuring spoons for the potato chips butter cookies recipe. “Make baking fun by using Cake Boss’ cute and colorful bowls and measuring spoons and cups,” said Chef Dorothy. Chef Dorothy also lauded the shape of Cake Boss cupcake pans. “If you compare it to local cupcake pans, the Cake Boss cupcake pans are almost straight and give cupcakes a look of

SIP

fullness. Other cupcake pans have smaller bottoms and not sturdy enough when you are already putting icings on top. The Cake Boss cupcake pans will surely give you a nice and perfect cupcake shape,” said Chef Dorothy. Baking is not just about preparing, mixing and waiting for the dough to be fully cooked in the oven. The best and hard part when baking is decorating. It looks easy when chefs do it but it’s not that simple and it can be messy. Failing to decorate properly can ruin a good cake. With Cake Boss icing tips and bags, you just need to unscrew a tip and put in another one without changing the bag. The tip is firmly secured so you won’t need to worry

about accidental spilling or damaging the bag when squeezing. There’s a lot of baking products out there in the market but Cake Boss does the job efficiently and conveniently and also gives a sense of pride to those who own it. Cake Boss products are exclusively distributed in the Philippines by Much Prosperity Trading International, Inc. (MPTII), one of the best suppliers and distributors of quality houseware products in the country for over 50 years. Cake Boss is available in True Home (Robinsons Magnolia and Greenbelt) and True Value (Shangri-La Plaza, Alabang and Rockwell).

Sublime flavors of France

A reason to gather THE warm and welcoming weather is a substantial reason to gather loved ones. That’s why Franzia wine is here to inspire a lifetime of achievements where friends and family are happy to gather friends and family for every occasion. When the party is outdoors, opt for the wonderful balance of fruity and refreshing taste of Franzia Chillable Red that’s semi-dry and satisfies the palate. For a more elegant affair or sit down dinner, Franzia California Red’s ripe and juicy blackberry flavor hits the spot and exemplifies elegance in every sip. Made from California USA’s finest grapes, Franzia has developed its very own innovative Wine Tap technology that’s guaranteed to make your milestone a little different from the usual affair. While Franzia wine in a bottle is always a good idea, Franzia boxed wine is another story that’s bracingly refreshing for celebrating life’s memorable milestones. The wine is conveniently packaged in a box that’s equivalent to three-liter bottles of wine and could serve more than 25 wine glasses, so there’s no reason rushing out while in the middle

From left: MPTII HR Manager Llorie Llorente, MPTII President and CEO Morris Ong, Concession Group Manager Lileth Yang, Chef Dorothy Ferreria of Dorothy’s Cooking School, actor/chef and event host Steven Silva, True Value Marketing Manager Milani Castaneda, and True Value Marketing Services Julie Turao.

of the fun. And no need to worry about its quality as you can store the wine for six weeks and the last glass will still be as fresh as the first. Since every priceless moment deserves a dreamy gathering, celebrate your achievements in high spirits with Franzia where you can’t go wrong for its pleasurable quality at a fair price. Mireio in Raffles Makati is an elegant brasserie that serves Provencal cuisine

Better way to mix whisky IT’S general knowledge that cola goes well with whisky; it’s almost a default drink for avid whisky fans looking to mix their favorite dram. It seems we missed out on mixing whisky with clear soda because it also works, or if not, tastes even better – thanks to our friends from Johnnie Walker for introducing this surprisingly fun mix, with its Johnnie Soda serve. Johnnie Walker Red Label Summer Party Starter Pack

Johnnie Walker Red Label is the world’s no. 1 best-selling premium Scotch whisky. It has a bold, smoky, characterful flavor that shines through even when mixed with the lemon-lime taste of clear soda. Create this satisfying drink with 1 part Johnnie Walker Red Label, 3 parts soda, ice, a wedge of lime for garnish (optional). Summer adventures are best done with Johnnie Walker Red Label. Check out JohnnieWalkerPH on Facebook for more details, and use #JohnnieSummer and #JohnnieWalkerPH on Instagram.

FRANCE is known the world over as a fashion mecca, a cultural capital, and one of the vanguards of fine dining. With diverse regional cuisine that can be enjoyed against a backdrop of scenic views, travelers cannot help but fall for the signature French food experience. Mastercard, the global payments solutions company that creates unique experiences, brings one of the greatest culinary destinations to its cardholders right here in the country. Mastercard partners with five-star hotel Raffles Makati’s Mireio, the elegant brasserie that serves Provencal cuisine, for an exclusive treat to its new and current World and World Elite Mas-

tercard cardholders. Indulge in Mireio’s traditional French cookery featuring exuberant Mediterranean influences, and enjoy 30 percent off on its wonderful a la carte menu with your World and World Elite Mastercard now until Dec. 31. The exquisite dining experience even comes with a complimentary dessert. World and World Elite Mastercard cardholders should book in advance at 795 0707 or mireio.makati@raffles. com to avail of the promotion. Allow yourself to be transported to the lively kitchens of Provence and reward your palate with a gastronomic experience with loved ones.

MONDAY, JULY 31, 2017

ENZO PINEDA’s

heart belongs to Allegra

NZO Pineda has come a long way since he started his showbiz career when he joined Starstruck in 2009. Since then, he has appeared in several TV shows and movies. As a Kapamilya, he has accepted bigger projects and welcomes the challenge by staying motivated in delivering good performances. His string of good career luck recently bagged him the status of being the new endorser of the Allegra’s Kitchen. Enzo Pineda is now synonymous with Allegra’s Kitchen, a fast growing chain of restaurants that is on the verge of conquering a bigger market share in the casual dining segment of the industry. Allegra’s Kitchen’s pioneer restaurant was founded on Sept. 8, 2015, in the Lifestyle Strip in Sto. Tomas, Batangas. Backed by the enthusiastic patronage of its food offerings, Allegra’s Kitchen quickly grew to ﬁve branches: Sto. Tomas, Lipa City, Batangas City, Sta. Rosa, and San Pablo City in Laguna, in less than a couple of years. This upswing in its operations is a testament of Allegra’s Kitchen’s commitment of serving “good food and good times.” “We like the image and qualities of Enzo Pineda. His career is just taking off and we can see how he works hard to keep his momentum and reach greater heights. We can easily identify with that. Allegra’s is still new in the industry, but we are about to expand our operations in other provinces and very soon in Metro Manila. These are exciting times for us,” says Daiby Anne Bonifacio, Marketing Group head of Allegra’s Kitchen. “In the same manner, we are excited about Enzo’s TV show and his new project, as he is our new endorser,” she added.

Enzo Pineda appears in the ABS-CBN teleserye, Pusong Ligaw, and will soon have an acting role in an upcoming movie, Bar Boys. As Allegra’s Kitchen’s first celebrity endorser, Enzo will also be busy with several in-store visits, attending outlet launches, and spearheading the “Ang Puso ko Nasa Allegra” promotional campaign. “I love food and I am very honored to be chosen as the ambassador of Allegra’s Kitchen,” says Enzo. “Besides tasting its delicious food, knowing the history of Allegra’s Kitchen, and meeting the people behind its success were some of the best moments for me. I’m proud to be part of a family that focuses in providing good food and good service to its customers. Definitely, it’s always ‘good food for good times’ in Allegra’s Kitchen.” No doubt, Enzo is into good food, which he gladly share this passion to his family. “Cooking is one of my favorite hobbies. I love to cook for my family during my spare time. I have a lot of favorites, but I usually cook pasta in red or white sauce, grill burgers and steak for my family. I also bake on special occasions.” Enzo founded in Allegra’s Kitchen such experience as “good food and good times” while surrounded by families and friends. “My ultimate favorite definitely is “Allegra’s double decker burger.” It is made from 100 percent pure beef patty and paired up with the freshest ingredients. Super yummy! And for dessert, my choice is the Nutella overload freak shake! It speaks for itself and it has the best ingredients for a shake,” says Enzo. “Most of our ingredients are sourced locally,” shares Glen Mayhew Jr., assistant manager for Sales and Marketing. “And we do have our own commissary in Batangas so we can maintain the quality of our food. Our baby back ribs, however, are extra special since we import “Iberico” black pigs from Spain, known to be the best source of quality meat.” Aside from the baby back ribs, Allegra’s

Kitchen’s specialties are burgers, pastas, and steaks, served in an ambience created by its rustic style and bright colored interiors that makes for an inviting and relaxing restaurant. Allegra’s Kitchen was a dream come true for Dr. Gerry Malvar Castillo, an anesthesiologist at the Makati Medical Center. A direct descendant of the revolutionary, General Miguel Malvar of Sto. Tomas, Batangas, Castillo loves good food and to travel in and out of the country. These made him try different cuisines and different tastes, which drove him to put up his own restaurant where “good food and good times” were the priorities. Since the good doctor wanted his customers to have a happy experience in his kitchen, Allegra was chosen as part of the restaurant’s name, because it means “happy” in Spanish. Dr. Castillo wanted a casual dining place with dishes such as burgers, pasta and rice silog. As their monthy promotional dishes were well received by the customers, these were incorporated permanently in their present menu. “We have very good feedback from our customers, mostly working professionals and students who are food enthusiasts, so we are deﬁnitely expanding our operations. We plan to open 10 branches this year. We are also open for franchising. Actually, our SM San Lazaro outlet is our ﬁrst franchise store,” says Bonifacio. “We welcome franchisees to our family. We are looking for highly motivated and hands-on operators or managers who share the same values with Allegra’s Kitchen, who are committed to quality and service. With our expertise and full support, for sure, you’ll be having good times with us when you become a franchisee of Allegra’s Kitchen.” As for Allegra’s promos, we have several for all of the food lovers out there. Please check out our website at www. allegraskitchen.com.ph

Bantay Bata 163 celebrates 20th year ABS-CBN Lingkod Kapamilya Foundation, Inc.’s Bantay Bata 163 is going beyond rescue, scholarship, and outreach services as it responds to the alarming issue of online sexual exploitation in the country, especially in the areas where poverty is evident. Now on its 20th year, the Filipinos’ go-to hotline to report child abuse is taking a step forward in the ﬁght against rampant online sexual exploitation of children through upgrading the 163 hotline and increasing its online presence to ensure the safety of children amidst the cases of cyber bullying and child pornography in the country. Moreover, it will also conduct rehabilitation of the Children’s Village and initiate workshops and trainings to reinforce skills and introduce new techniques towards becoming better parents. To implement these developments, Bantay Bata is holding a fundraising anniversary dinner on Aug. 12 at the Philippine International Convention Center, featuring the world-renowned fashion designer to the stars, Rocky

Gathercole, who has worked with celebrities like Britney Spears, Lady Gaga, Katy Perry and Beyonce. He will feature his pieces in a fashion show. Rocky’s life story was featured recently in the ABS-CBN program MMK. Abused by his father and abandoned by his mother, Rocky lived in the streets of Lawton until

him to champion the advocacy of Bantay Bata 163, and his fashion show will be a showcase of his call – a statement that child abuse must be stopped, and an invitation to everyone to support the cause. According to UNICEF, eight out of every 10 Filipino children and adolescents are in danger of being sexually abused online, making the Philippines one of hotspots for online child sexual abuse. In 2016, the Philippines also ranked the “ﬁrst global source of child pornography” and the “epicenter of the live-stream sexual abuse trade.” Through the fundraising dinner, Bantay Bata hopes to continue protecting and saving more children from child abuse as it has done so in the past two decades. For inquiries about the anniversary dinner, please contact Freda Agustin at (02) 4110856 or 090887373. Bantay Bata 163 is one of the three ﬂagship programs of the Bantay Bata 163 will celebrate 20 years of protecting Filipino children ABS-CBN Lingkod Kapamilya in a fundraising event on August 12 that will feature creations of Foundation, Inc. that caters to international designer and Bantay Bata supporter Rocky Gathercole the Filipino children. For more (center) with (L-R) Bantay Bata 163 head of fundraising committee Mila Sering, ABS-CBN Lingkod Kapamilya Foundation managing director Susan information, visit their website at http://corporate.abs-cbn.com/ Afan, Bantay Bata 163 program director Jing Castañeda and ABS-CBN lingkodkapamilya/bantay-bata. head of lifestyle ecosystem Ces Drilon. he found a decent job working as a waiter. He went to the Middle East and worked as an apprentice in a dress shop. Eventually, he made it to the United States, where he got to work with top designers and created dresses and gowns for celebrities. The designer’s painful experience as a young boy inspired

CROSSWORD PUZZLE Monday, July 31, 2017

ACROSS 1 Slow pitch 4 Traffic snarl (hyph.) 9 Become solid 12 Start of a famous boast 13 Make a speech 14 Work gang 16 Cabbie 17 Soda-bottle size 18 “The Piano” Oscar winner — Paquin 19 Giveaway 21 Rougher 23 Seize forcibly 25 Ripe old age 26 Narrow waterway 29 Stone pillar 31 Toes the line 32 Pool hall items 33 Limp-watch painter 37 Cheyenne hrs. 38 Most eager 41 Traipse about 42 Thrust-andparry sword 44 Signify 45 Lickety-split 47 Light refractor 49 Dins 50 Lets in 53 Shore

indentation 55 Complain 57 Expelling 61 Kind of helmet 62 Developed 64 Genesis hunter 65 Pierre’s head 66 Mysterious inscriptions 67 Completely absorbed 68 Go bad 69 Baker’s buy 70 PBS “Science Guy” DOWN 1 Tragic monarch 2 Single time 3 Park amenity 4 Illinois city 5 Ram, in astrology 6 Wrestler’s pad 7 Arapaho foes 8 Stylishness 9 Flipped through 10 “Sesame Street” name 11 Doctrine 12 Channels 2-13 15 Cautious 20 Efficient 22 Sunflower yield 24 Tidal wave 26 Not all

27 Cough syrup meas. 28 Nerve network 30 Summer job seeker 32 Average grades 34 Seaweed derivative 35 Netlike fabric 36 “Et tu” time 39 Courier 40 Fables 43 Term of abuse 46 Sewing aid 48 I-90

49 Clearest, as the sky 50 Client mtg. 51 Less moist 52 Slogan 54 Scent finders 56 Sincere 58 Indeed! (2 wds.) 59 Ponytail site 60 Abdomen 63 Out — — limb

From actor to brand ambassador, Kapamilya star Enzo Pineda lends his name to an emerging restaurant chain that specializes on casual dining

Life

MONDAY, JULY 31, 2017

SPECIAL FEATURE

Inigo Jorge and Iago Joaquin joined by Dad Ivan in a scenic view of Disneyland Hong Kong

SHOPPING, WINNING, and FLYING with

SM Kids

HEY came, they shopped and won fun trips to some of the world’s most exciting theme parks— Universal Studios Singapore, Legoland Malaysia, and Hong Kong Disneyland. Michelle Muyot, Jenilyn Gervasio, and Daisy Azares were among the winners of the recently concluded SM Kids Shop.Win.Fly promotion. Each of the winners received a roundtrip airfare ticket for two adults and one child, a 3 day and 2- night hotel accommodation with breakfast, airport transfers, and admission fees to their favorite theme parks. Michelle Muyot, who purchased at SM Kids at the SM Mall of Asia and Jenilyn Gervasio, who shopped at The SM Store at SM City Bacoor had

Rei with his grandmother Leonila Azares, having fun in Legoland

unforgettable trips to Hong Kong Disneyland with their families. Ms. Daisy Azares, also from Bacoor, had a once in a lifetime experience with her family at Legoland Malaysia. Watch out for more exciting promos from SM Kids’ at The SM Store. Keep on shopping!

Rei received his certiﬁcate of appreciation for completing the Build and Test, Battle of Lego Car Racers

Jenilyn, Inigo Jorge and Iago Joaquin zoom in to Tomorrow Land

The Gervasio Family is Team Iron Man and say they enjoyed the Ironman ride the most

Father and son Alfred Tom Balicante and Mico Gabriel have a taste of the happiest place on earth in Hong Kong Disneyland

SM City Bacoor winner Rei Calix Azares says the family trip to Legoland Malaysia was an amazing experience.

Jenilyn Gervasio with sons Inigo Jorge and Iago Joaquin say their trip to Disneyland Hong Kong was a magical experience.