MAUTE RECRUITER FALLS; COPS ON ALERT By Bill Casas and Sara Susanne D. Fabunan THE National Bureau of Investigation on Wednesday announced the arrest of a suspect for spreading radical Islamic extremist propaganda, recruiting foreign ﬁghters to come to the Philippines to sow terror and inciting rebellion through
the use of the internet and social media. The 36-year-old suspect was identiﬁed as Karen Aizha Hamidon, who was arrested in her home in Taguig City by NBI agents on Oct. 11, the bureau’s director, Dante A. Gierran, said. Gierran said Hamidon has been a person of interest to
authorities since she gained international notoriety in the middle of 2016 when she successfully recruited several Indian nationals to come to the Philippines to join radical Islamic extremist groups in Mindanao. Gierran said Hamidon is the wife of Mohammad Jaafar Maguid, a.k.a. Tokboy a.k.a. Abu
Sharifa, the former leader of the Ansar Khalifa Philippines, a group responsible in the September 2016 Davao City night market bombing in cooperation with the Maute Group, as well as the failed attempt to bomb the US Embassy in Manila in December 2016. Mohammad Jaafar Maguid was killed by police in January
VOL. XXXI • NO. 247 • 3 SECTIONS 16 PAGES • P18 • THURSDAY, OCTOBER 19, 2017 • www.manilastandard.net • firstname.lastname@example.org
Duterte taunts UN: Solve PH drug woes By John Paolo Bencito
RESIDENT Rodrigo Duterte said if the Philippine Drug Enforcement Agency fails to eradicate illegal drugs by next year, he will allow the United Nations to intervene in its war on drugs. the drug war, Duterte noted that PDEA is undermanned with only a little over 1,000 personnel—a big difference when compared with the Philippine National Police’s over 175,000 members. Duterte said he could tolerate policemen involved in smuggling, but not linked to the illegal drug trade. Next page
able cause to impeach her. Gadon on Wednesday slammed Sereno for blaming her fellow Supreme Court magistrates for the delayed release of the survivorship beneﬁts of 94-year-old Dolores Colayco, widow of a Court Appeals justice who died recently without receiving her pension. Gadon accused Sereno of lying when her camp claimed that the delay in the Next page
By Francisco Tuyay ABU Sayyaf leader Isnilon Hapilon offered millions of pesos to anyone who could get him out of Marawi City as government troops closed in on his position, Armed Forces chief Gen. Eduardo Año said Wednesday. “He offered millions to anyone who could give him a bangka and who could guide them out of the main battle area,” Año said in Filipino on a radio interview. “But we made a promise that he would not escape and we would get him dead or alive.” Troops from the Army Scout Ranger Regiment and other special forces killed Hapilon and Omar Maute early Monday morning. The military said Hapilon, the Abu Sayyaf group leader, was shot in the chest while Maute was ﬁnished off by a head shot. Next page
‘Hasten spending on agri’
Impeach-CJ proponents to consolidate evidence THE people who ﬁled the dismissed impeachment complaint against Chief Justice Maria Lourdes Sereno plan to merge their documentary evidence with those of lawyer Lorenzo Gadon whose case against Sereno has progressed. They said their evidence could reinforce Gadon’s complaint against Sereno even as the House of Representatives is still to determine whether there is prob-
Slain IS emir tried to buy his way out
REQUIEM AETERNAM. File photo of Cebu Archbishop Cardinal Ricardo Vidal, who died Wednesday at the age of 86, a week after he collapsed into a coma, then woke up in a semicoma state. Members of the Catholic Bishops’ Conference of the Philippines are mourning the death of the bishop, remembered as a ‘true servant leader.’ (Story on A2) Ey Acasio
“We will go to the United Nations, [and the] human rights [activists]… we will ask them to solve the problem for us… Drugs are a problem worldwide. Even the Americans are having a headache,” Duterte said in a speech at Camarines Sur Tuesday. Barely a week after he designated the agency to lead
2017 in Sarangani province. Gierran said HamIdon is a known associate of Musa Cerantonio, an Australian Islamist preacher who has inspired numerous foreigners to join the Islamic State or ISIS. She is also under investigation by other foreign intelligence agencies for her possible links to
HOPEFUL BEAUTIES. Miss World Philippines candidates Laura Lehmann (left) and Winwyn Marquez (right) set their sights on global crowns—in a sendoff ceremony at Anabel’s Restaurant in Quezon City. Laura will compete in the Miss World coronation on Nov. 18 in China while Winwyn will compete in the Miss Reina Hispanoamericana pageant in Bolivia. Manny Palmero
GOVERNMENT underspending was highest in the Agriculture and Education Departments, Budget Secretary Benjamin Diokno said Wednesday but added he remained conﬁdent they would hit the P2.909-trillion spending target at the end of the year. He told reporters the slow budget spending in the two departments were mostly due to the demand to build more farm-to-market roads and school buildings that were not being addressed quickly. “The budget is with the DepEd, but the construction arm of the country is [the Department of] Public Next page
19 frat men accused of cover-up
Palace open Naia removed from worst to dialog on airport tag—travel guide jeep upgrade By Joel E. Zurbano
By Bill Casas and Macon RamosAraneta
PRESIDENT Rodrigo Duterte will not budge on his tough stance supporting jeepney modernization despite strong opposition against it, Malacanang said Wednesday. But it remains open to healthier dialogue with transport groups, who will be greatly affected by the new program. “When public good is at stake, the Duterte administration will not compromise,” Presidential Spokesperson Ernesto Abella said in a statement.
SOME 19 members of the Aegis Juris fraternity met on the same day that freshman law student Horacio Castillo III was brought to the hospital and proclaimed dead from hazing, the Manila Police District chief said on Wednesday. At a hearing of the Senate public order committee, Chief Supt. Joel coronel said they discovered an online chat group with 30 Aegis JuNext page ris members.
SUSPECTS APPEAR. Two prime suspects in the death of University of Santo Tomas law student Horacio ‘Atio’ Castillo III show up on Wednesday at the Senate’s resumption of its probe on the incident. It was John Paul Solano’s second appearance and the first time for Ralph Trangia at the hearing of the Senate committees on public order and dangerous drugs chaired by Senator Panfilo Lacson. Lino Santos
THE Ninoy Aquino International Airport, the Philippines’ premier gateway, is no longer one of the worst in the world, according to online travel site Guide to Sleeping in Airports. The government also welcomed the latest survey results that four airports in the country--Iloilo International Airport, Mactan-Cebu International Airport, Clark International Airport, and Davao International Airport--were again listed in the top 25 best airports in Asia for 2017. Based on the Guide to Sleeping in Airports 2017
review, Juba International Airport in South Sudan topped the list of Worst Airports in the World. “When I passed through a few weeks ago, it was a tent with a rotting plywood ﬂoor full of dangerous holes. I have heard rumors now that the ﬂoor has collapsed completely. The tents leak during rainy season. You must wade through mud puddles to get to the check-in desk,” stated a survey respondent referring to the Juba International Airport. Juba was followed by Jeddah King Abdulaziz International Airport in Saudi Next page
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THURSDAY, OCTOBER 19, 2017
China leader vows reforms By Rey E. Requejo
EIJING―Against the backdrop of a sluggish global economic recovery and regional conflicts, President Xi Jinping on Wednesday declared that China will pursue its fundamental foreign policy goal of preserving world peace and promoting common development. “China remains firm in its commitment to strengthening friendship and cooperation with other countries,” Xi told 2,280 delegates at the Great Hall of the People here. Speaking before the 19th National Congress of the Commu-
Duterte... From A1
He also told the PNP not to interfere with PDEA on drugrelated operations, after police came under fire for killing minors in the war on drugs. Duterte on Wednesday again blasted the European Union, saying it allowed the Philippines to be shamed first before disowning the statements of a seven-member delegation which falsely protrayed itself as an EU mission. “The EU never corrected [them],” Duterte said, noting that the correction came only after he blew up at them. In a speech before jail wardens at Camp Bagong Diwa in Taguig, the President said the Philippines was being shamed because of their apparent lies about his bloody drug war. “The disclaimer comes very late,” he said of an EU statement. “Too late to correct [the wrong],” he said. In the same speech, Duterte reiterated his claims that he shot down supposed offers made by the United Kingdom for new financial assistance, a claim that the Department of Foreign Affairs had already denied. Following the President’s latest tirade, Foreign Affairs Secretary Alan Peter Cayetano clarified that the Philippines had only stopped accepting aid from the European Union, amid their criticisms of the President’s brutal anti-criminality campaign. “We’re no longer accepting new grants from the EU,” Cayetano told reporters in a chance interview. “This instruction not to accept funds for EU were precisely because we have issues on how we are functioning as a sovereign nation,” he said. “While we know how to separate politics and trade, there are lots of resistance; these parliamentary groups misinforming and spreading fake news in the EU,” he added. Cayetano said the President merely wanted the country to stand on its own; and accepting new grants from the 28-nation bloc should come without any conditions. Duterte had earlier threatened to expel the EU ambassadors within 24 hours, amid criticisms against the administration’s campaign of war against drugs. “I am prepared to lose all diplomatic relationships with all of European countries now. Do not ever, ever come to the Philippines; you’re not allowed to enter here now,” Duterte said. The President’s statements were in apparent response to recent warnings by international rights group Human Rights Watch and the Philippine UPR Watch, calling from the expulsion of the Philippines from the UN Human Rights Council if unabated killings under the bloody drug war continues. Duterte, however, mixed these criticisms with those from a seven-member delegation of European socialists to stop the bloody war on drugs or risk losing trade perks with the 28-member EU. Despite Malacañang’s claims that the President was fed with the wrong information, Duterte said in a speech in Dumaguete City that he stood by his threats to expel the European envoys, saying that he was right to do it.
nist Party of China, where he is secretary general, Xi called on the people of all countries to work together to attain peace and development. He said global peace and development remained “irrevers-
ible trends” despite what the world was undergoing. “And yet, as a world we face growing uncertainties and destabilizing factors,” Xi said. “Global economic growth lacks energy, the gap between the rich and poor continues to widen; hot issues arise often in some regions and unconventional security threats continue to spread.” Despite the growing protectionism in some countries and the apparent withdrawal of the United States from international economic cooperation, the Xi vowed to continue his economic
reforms and opening-up policy. He said China and the people of all countries should work together to build a community with a shared future, to build an open, inclusive, clean and beautiful world that enjoys lasting peace, universal security and common prosperity. “We should respect each other, discuss issues as equals, resolutely reject the Cold-War mentality and power politics, and take a new approach to developing state-tostate relations with communication, not confrontation and partnership, not alliance,” Xi said.
He also called on foreign governments to forge coordinated responses to traditional and non-traditional threats and opposition to terrorism. “We should commit to settling disputes through dialogue and resolving differences through discussion, coordinate responses to traditional and non-traditional threats and oppose terrorism in all its forms,” Xi said. “China remains firm in pursuing an independent foreign policy of peace. We respect the right of the people of all countries to choose their own development path.”
Cardinal Vidal passes away at 86: nation mourns By Vito Barcelo CEBU Archbishop Emeritus Ricardo Cardinal Vidal, considered as one of the country’s most influential Catholic Church leaders, died on Wednesday. He was 86. Vidal was rushed to the hospital for fever and shortness of breath and then collapsed into a coma, according to hospital sources.. The Catholic Bishops Conference of the Philippines said the Cardinal was confined at the Perpetual Succor Hospital in Cebu City after suffering cardiac arrest. Dr Rene Joseph Bullecer, one of Vidal’s doctors and closest
MAUTE... From A1
international terrorist financing and her spreading of radical Islamic propaganda, Gierran added. NBI agents arrested Hamidon on Oct. 11 after she posted a message on several online groups and the social media application Telegram calling on Muslims to come to the Philippines and join the fight against the government forces in Marawi City in order to establish a province of the Is-
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Coronel said the group discussed their next steps after Castillo’s death. “In light of the discovery of the chat thread that [began] on Sunday, Sept. 17, the objective of the Aegis Juris fraternity was to cover up, conceal, to avoid, and evade investigation and prosecution of this case,” Coronel said. Coronel said 19 of the 30 members met at Novotel Manila Araneta Center hotel in Quezon City.
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“The President’s fervid support of modernization goes back to the attempts of previous administrations to do the same but had been thwarted due to similar ideologically based transport strikes and protests,” he added.
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President Rodrigo Duterte declared Marawi City free from the ISIS-inspired terrorists, even as clearing operations continued. Año said the remaining stragglers were holed up in an area near the Marawi pier, and that the operation against them could be considered one of law enforcement. “This is next to Lanao Lake and covers less than one hectare,” Año said. “There are a few build-
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release of Colayco’s pension could be attributed to a collegial action of the justices. “Sereno is in effect blaming the justices of the Supreme Court by saying that the release of survivorship benefits was
friends, said he received a call that the cardinal was being revived because his blood pressure went down. The cardinal died minutes later, he said. In Manila, Malacanang joined the Catholic faithful in mourning the Cardinal’s death. “The Palace condoles with the Cebu faithful on the demise of Cebu Archbishop Emeritus Ricardo Cardinal Vidal this morning,” Presidential Spokesperson Ernesto Abella said in a Palace news briefing. Abella noted that President Rodrigo Duterte and Cardinal Vidal “had a friendly, cordial relationship.” “The good cardinal paid a courtesy call to Malacanan
shortly after President Duterte assumed office and assured the Chief Executive of his fervent prayers for him and his administration,” he said. “We are thankful for the kind bishop’s pastoral role...” he added. At Vidal’s deathbed were his former secretaries and Cebu Archbishop Jose Palma, according to Monsignor Joseph Tan, spokesperson of the Archdiocese of Cebu, adding the prelate’s passing was peaceful. Bullecer said Vidal’s condition had deteriorated since Oct. 16, after he woke up from a coma on Oct. 13. The late Cardinal was the oldest of four cardinals in the
Philippines. The other cardinals are Manila Archbishop Emeritus Gaudencio Cardinal Rosales, Manila Archbishop Luis Antonio Cardinal Tagle and Cotabato Archbishop Orlando Cardinal Quevedo. Vidal served as a priest for 61 years, nearly three decades of which he served as archbishop of Cebu before he retired in 2011. He was also president of the Catholic Bishops Conference of the Philippines from 1985 to 1987. Vidal also participated in the 2005 conclave that elected Pope Benedict XVI as the successor of Pope John Paul II. With John Paolo Bencito
lamic State. Armed with a search warrant, the agents seized her cellphone, laptop, tablet and other electronic devices used in her illegal activities. A forensic examination of her cellphone showed she posted 296 messages promoting rebellion in Marawi City. Hamidon was charged before the Justice Department for 14 counts of rebellion or insurrection under the Revised Penal Code, as amended, in relation to the Cybercrime Prevention Act of 2012. Rebellion charges will also be filed by the NBI against Hami-
don in relation to her 296 social media posts supposedly calling on foreign and local Muslims to join the fight against government forces in Marawi. The charges against Hamidon were announced a day after President Rodrigo Duterte delcared that Marawi City had been liberated from the terrorists, who overran the city in May. Duterte had placed the whole of Mindanao under martial law after Maute group-led terror organizations attempted to establish a province of the Islamic State by assaulting Marawi City on May 23.
Coronel presented CCTV footage showing the members arriving at the hotel and said they were able to identify 12, based on information on their social media pages. “It seems that the tendency of the fraternity is to conceal and obstruct justice,” Coronel said. “Nowhere in this thread showed that they were willing to subject themselves to this investigation,” he added. In a statement last month, the Aegis Juris fraternity said it also wants to “see that justice is served for the death of Brod
Atio,” referring to Castillo by his nickname. Coronel said the message thread was posted on the morning of Sept. 17 when Castillo was confirmed dead. “If you’re going to review each individual exchanges of communication among these Aegis Juris fraternity members, it would appear that they intend to cover up the incident, contrary to their announcement made on Sept. 19, that they are willing to face the investigation and support authorities in the conduct of the investigation,” Coronel said.
Abella said the President’s pronouncements supporting the government’s plan towards jeepney modernization “underscores the national leadership’s strong political will and decisive stance to initiate reform in the public transportation sector.” “Government is open to more healthy dialogue, discussion and responsible engagements with transport groups that wish to
learn and contribute to the development of the PUV Modernization Program,” Abella said. Abella also warned against “some ideological influences [which] can derail the greater good.” On Tuesday, Duterte accused jeepney operators and drivers who staged a two-day transport strike of conniving with the communists to overthrow him.
ings and structures so we have to be cautious, but the area [that remains to be cleared] is small.” He said the only way the stragglers could get out alive was to surrender. Año said they were focused on freeing some 18 to 20 hostages that the terrorists were using as human shields. The stragglers, including eight foreign fighters, are holed up in the ruins of the battle zone trying to escape. “This stragglers are on the run and in survival mode, but we will not stop until we get these
remaining terrorists,”Año said. As of Oct. 17, a total of 854 Maute members, 163 government troops, and 47 civilians have been killed, data from the military showed. In addition, 1,770 civilians have been rescued while 846 firearms have been seized. Australian Foreign Minister Julie Bishop said the death of Hapilon and Maute will take away a great deal of the momentum of the ISIS forces and those who are supporting the terrorist group. In a press conference, Bishop also said that the Australian government
will continue to support the Philippines in its anti-terrorism efforts. “The Australian government, along with other governments including the United States, are determined to support the Philippine government in defeating ISIS,” she said. “This is undoubtedly in our national interest because we do not want to see foreign terrorist fighters leaving the Philippines and coming via Indonesia to Australia, and that’s why we are working collectively, collaboratively with other nations,” Bishop added. With Sara Susanne D. Fabunan
only approved a few days ago,” Gadon said in a statement. “This lie and the passing-theblame stunt of the Office of the Chief Justice on the issue of delays of the release of survivorship benefits has become infuriating and disgusting.” Gadon contested the claim of Sereno’s spokesman, lawyer Jojo Lacanilao, that she “did not delay
action on the resolution of survivorship petitions filed by Colayco and all other surviving spouses of deceased justices and judges.” Lawyer Manuelito Luna, counsel for the complainants Dante Jimenez and Eligio Mallari, on Wednesday went to the office of the House Secretary General to retrieve the documents they used for their impeachment complaint against Sereno.
Jimenez and Mallari had filed their own impeachment complaint against Sereno but it was dismissed for insufficiency in form due to a deficient verification. Luna said the documents they were trying to retrieve from the Secretary General’s office contained internal discussions and deliberations of the Supreme Court. Sara Susanne D. Fabunan
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Arabia while Port Harcourt International Airport in Nigeria placed third followed by Crete Heraklion International Airport, Greece (4th); Lagos Murtala Muhammed International Airport; Nigeria (5th); Santorini Thira National Airport, Greece (6th); Dar es Salaam Julius Nyerere International Airport, Tanzania (7th); Rhodes International Airport, Greece (8th); Paris Beauvais-Tille Airport, France (9th) and Tashkent International Airport, Uzbekistan (1oth). Completing the top 20 worst airport list this year are London Luton International Airport, England; Rome Ciampino International Airport, Italy; Kathmandu Tribhuvan International Airport, Nepal; New York City LaGuardia, USA; Chania International Airport, Greece; Caracas Simón Bolívar International Airport, Venezuela; Guangzhou Baiyun International Airport, China; Cluj International Airport, Romania; Islamabad Benazir Bhutto International Airport, Pakistan, and Addis Ababa Bole International Airport, Ethiopia. The travel site explained the results were based on the overall airport experience of travelers. It ranked the overall experience based on these factors: Comfort (Gate seating and availability of rest zones); Services, facilities and things to do; Food options; Immigration/Security;
Rody names Badoy new PCOO usec
PRESIDENT Rodrigo Duterte has appointed a controversial online Duterte defender and dermatologist as undersecretary and spokesperson to the Presidential Communications Operations Office. In a text message to reporters, Department of Social Welfare and Development officerin-charge Emmanuel Leyco confirmed that Dr. Lorraine Badoy, an assistant secretary in his department, got appointed to the Palace Communications office under Communications Secretary Martin Andanar. Leyco said Badoy was expected to begin her new job at the PCOO by next month “Asec Badoy has informed me as OIC-Secretary at DSWD of this development earlier and is now in the process of completing and turning over her responsibilities which is [sic] expected to last until the end of the month,” Leyco said. “I thank Asec Badoy for her contributions to DSWD and I am confident that she will be able to bring her effectiveness as a communicator to her new assignment as Usec at PCOO,” he added. Badoy is the second online personality tapped by the PCOO to be one of its top officials after starlet-turned-blogger Esther Margaux “Mocha” Uson , who was appointed assistant secretary for social media last May. John Paolo Bencito Customer service; Cleanliness; Navigation and ease of transit and Sleepability. “The airports that appear on our list of the worst in the world are the ones that have the capacity to truly offend travelers. Within these terminals, there appears to be a general disinterest in a positive traveler experience. In some cases, passengers are made to stand or sit on the floor as they await their flights,” the site stated. It added: “In others, the bathrooms don’t have water, toilet paper, or any semblance of cleanliness. In some cases, the physical structure of the airport is fine, but the personnel are the problem. Got a problem? “Don’t expect much in terms of customer service at these airports. If you find yourself traveling through one of these 20 terminals, brace yourself. You’ll want to give yourself just enough time to get in and get out. “A minute more and you’ll be unhappy and uncomfortable - a minute less, and you risk missing your flight. Good luck!” Manila International Airport Authority general manager Eddie Monreal welcomed the report and thanked the travel site. “We are happy to hear the recent development. However, the bigger challenge now is on how we can maintain or even surpass this achievement. We are only good as the last race. The task ahead is enormous, we are wishing to be part of the list of best airport in the future,” said Monreal in a text message to Manila Standard. With Vito Barcelo and Darwin Amojelar
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Works [and Highways]. It’s really up to Public Works to do the projects,” Diokno said. The Office of the President likewise had chunks of budget still unspent as of September 2017, but those were mostly funds to be used in the country’s hosting of the Association of Southeast Asian Nations meetings this year, Diokno said. Fiscal spending reached P201.6 billion in August, up 13.9 percent from P177 billion a year earlier. As of the end of August, some P462.7 billion of the P3.35-trillion obligation program for the full year was still to be released. Of the amount, P236.8 billion has been earmarked for Special Purpose Funds. Disbursements in August was up by 13.9 percent, while yearto-date disbursements rose by 9.8 percent. John Paolo Bencito
THURSDAY, OCTOBER 19, 2017 firstname.lastname@example.org
DBM assures hike in cops, soldiers’pay
PDP-Laban, Russian party sign MOA SENATE President and PDP Laban President Aquilino “Koko” Pimentel III on Tuesday signed a Memorandum of Understanding with United Russia, the largest party in Russia, in St. Petersburg. United Russia is the ruling party of the Russian Federation and counts Russian President Vladimir Putin among its leaders. “This is a historic moment, as it brings Russia and the Philippines closer together through relations between their ruling parties, and not just their governments,” said Pimentel. The Senate President is in St. Petersburg for the 137th International Parliamentary Union Assembly, as well for talks with leaders of United Russia. Macon Ramos-Araneta
Protect Poor women, UNPF says UNCHECKED inequality, failure to protect the rights of poorest women could threaten unrest, undermine peace and world’s development goals, a new United Nations Population Fund report warns. In its study, the UNPF, said only about half of the world’s women hold paid jobs. Globally, women earn 77 percent of what men get. Three in ﬁve women worldwide lack maternity leave, many pay “motherhood penalty.” Unless inequality is urgently tackled and the poorest women empowered to make their own decisions about their lives, countries could face unrest and threats to peace and to their development goals, according to the UNPF report published on Wednesday.
Villar bats for Agri-tourism combo SENATOR Cynthia A. Villar has underscored the ‘big potential’ in combining agriculture and tourism to help improve the lives of our farmers and ﬁsherfolks. She has vowed to strengthen the training and education under the Farm Tourism Development Law since the Agricultural Training Institute and Tesda shall encourage farm tourism camps to become learning sites and accredited extension service providers. She said Tesda should accredit farm tourism camps as technical vocational institutions for agriculture and tourism. Macon Ramos-Araneta
‘Litson manok’ founder eyes Congress seat THE father of “litson manok” is believed to be joining the congressional race in Quezon City in 2019. City hall sources said Leonardo “Sandy” Javier Jr., owner of the popular Andok’s lechon, is running for a congressional seat against one of the Crisologo family members in District 1. The incumbent representative, Vincent “Bingbong” Crisologo, has supposedly backed out of his political plans to run as mayor on learning that Javier would run. Rio N. Araja
By John Bencito
EDUCATION FAIR. It’s all system go for European Higher Education Fair 2017, a one-day education fair at the Grand Atrium in Mandaluyong. Photo shows European Union Ambassador Franz Jessen with CHED Comm. Ronald Adamat and other officials during the grand opening.
Ex-solon Teves indicted for role in PDAF scam By Rio N. Araja
HE Office of the Ombudsman on Wednesday indicted former representative Herminio Teves of Negros Oriental for his supposed involvement in a P10-million Priority Development Assistance Fund scam in 2007. Ombudsman Conchita Carpio-Morales ordered the ﬁling of one count of graft and one count of malversation of public funds against Teves, along with his former chief of staff Hiram Pulido, and Antonio Ortiz, Dennis Cunanan, Marivic Jover,
Belina Concepcion and Francisco Figura of theTechnology and Livelihood Resource Center. The Ombudsman provided the Anti-Money Laundering Council with copies of its resolution for possible violations of the
Anti-Money Laundering Act. According to the Ombudsman, an extensive probe showed documents of Teves’ P10-million pork barrel fund went to ghost projects, and not to the livelihood projects for the depressed barangay in Negros Oriental’s District 3. In December 2006, Teves requested the release of his fourth tranche of PDAF allocations, and partnered with the TLRC and Molugan Foundation Inc. The Ombudsman’s ﬁeld investigators said a public bidding was not conducted, and that the foundation’s address of incorporation and the whereabouts of its incorporators both yielded
negative results. Despite being a ghost project, respondents facilitated the approval of the disbursement voucher and check for the foundation in a single day. Citing the Commission on Audit’s special audits ofﬁce report and notice of disallowance, the Ombudsman said there was no document to show the actual fund utilization. In his defense, Teves claimed that “his signatures appearing in various documents linking him to the transactions are products of forgery.” But the Ombudsman rejected such defense, saying “forgery is not
presumed; it must be proved by clear, positive and convincing evidence and the burden of proof lies on the party alleging forgery as mere variance of the signatures in different documents cannot be considered as conclusive proof that one is forged.” “Certainly, this illegal conversion and transfer of public funds to the Molugan Foundation, purportedly for projects which did not actually exist, represent quantiﬁable pecuniary losses to the government constituting undue injury within the context of Section 3(e) of Republic Act No. 3019,” Morales said.
BI defers deportation of arrested Korean fugitive By Vito Barcelo THE Bureau of Immigration said it has deferred the deportation of arrested Korean fugitive Noh Jun Ho following intelligence reports that the wanted foreigner is one of the major supplier of illegal drugs in his country and Koreans living in the Philippines. BI Commissioner Jaime Morente said he will ask the Philippine Drug Enforcement Agency to temporarily take custody of Ho, so he could be
investigated and, if warranted, charged with violating the anti-drug law. Morente cited intelligence reports gathered by the BI’s fugitive search unit that Ho was into selling illegal drugs to his compatriots in the Philippines before his arrest last Tuesday in Angeles City, Pampanga. Morente also said that according to reliable information, a case for violating the dangerous drugs act was ﬁled against Ho before the Angeles City regional trial court.
“We want the PDEA to investigate if he was really involved in illegal drugs,” the BI chief said, adding that the bureau will surely run after other Koreans or foreigners who might be pinpointed as his accomplices or cohorts in his criminal activities. “Should we find that said reports about him are not true, then that’s the time we will deport him to Korea so he could be prosecuted and sentenced for crimes he committed in his
country,” Morente said. BI-FSU operatives led by immigration intelligence ofﬁcer Bobby Raquepo arrested the Korean during an operation in Brgy. Cuayan, Angeles City, Pampanga. BI chief personnel ofﬁcer and acting spokesman Grifton Medina said Ho’s arrest was sought by the Korean embassy in Manila which informed the BI that the Korean fugitive is wanted for violating his country’s narcotics control act. Medina added that
Ho is an undocumented alien because the Korean government had already canceled his passport. It was learned that Ho hid in the Philippines for almost a year prior his arrest as a check of his travel records showed that he last arrived here on October 16, 2016. He is presently detained at the BI detention facility in Camp Bagong Diwa, Taguig City pending issuance of the order for his summary deportation by the Bureau’s Board of Commissioners.
House appropriations Panel OKs Zero Hunger Bill THE House of Representatives’ committee on appropriations has approved the funding provisions of the substitute bill of the proposed Right to Adequate Food Framework Act, otherwise known as the “Zero Hunger bill.” The committee, chaired by Davao City Rep. Karlo Alexei Nograles, passed the unnumbered bill after consolidating House Bill 61, 256, 1465, and 3938 during a panel meeting before Congress adjourned last Oct. 11. Nograles and his brother, Puwersa ng Bayaning Atleta (PBA) party-List
Rep. Jericho Nograles, are among the main authors of the bill, which seeks to guarantee Filipinos’ right to adequate food. “We will achieve this by formulating a framework that will coordinate efforts among the concerned agencies in implementing the ‘zero hunger’ policy of the government,” Nograles said. “The Appropriations Committee’s action on the Zero Hunger bill brings it one step closer to enactment at a time when the government is actually making gains on the problem of hunger,” he added. Maricel V. Cruz
BRAND-NEW. The Quezon City Police Department under PC Supt. Guillermo Lorenzo T. Eleazar receives brand patrol motorcycles and bullet proof vest from the Quezon City local government. Manny Palmero
BUDGET Secretary Benjamin Diokno on Wednesday assured that President Rodrigo Duterte will be making good of his promise of doubling the base pay of military and uniformed personnel by next year, as they await for the concurrence of Congress to push with the proposal. In a news brieﬁng, Diokno said that some P63.4 billion will be needed in the ﬁrst year of implementation to increase the salaries of soldiers, police, ﬁreﬁghters and jail guards. “The commitment is to double the salaries of soldiers by January 1, 2018. We are doing everything to follow our commitments. We need a joint resolution from both Houses of Congress to implement this policy decision,” Diokno said. Once approved, the resolution will double the base pay of a Police Ofﬁcer 1 in the Philippine National Police, a Private in the Department of National Defense, and equivalent ranks in the Bureau of Jail Management and Penology, Bureau of Fire Protection, Philippine Public Safety College, Philippine Coast Guard, and the National Mapping and Resource Information Authority. A PO1 will enjoy a 100-percent increase in monthly Base Pay from the current 14,834 pesos to 29,668 pesos. Overall, the adjustments will result to a 58.7-percent average increase in Base Pay for all MUP ranks, effective January 1, 2018. Increases, however, were rank-sensitive, Diokno said, adding that the joint Congress resolution had clauses preventing the increase in pension rates, which will remain in their 2016 rates.
NTC backed in bid to make broadband a basic service By Maricel V. Cruz AN OPPOSITION lawmaker on Wednesday backed the move of the National Te l e c o m m u n i c a t i o n s Commission to endorse the passage of new legislation that would classify broadband access as a “basic service” so that suppliers may be compelled to provide rising internet connection speeds under pain of harsh administrative ﬁnes. Makati City Rep. Luis Campos Jr., author of House Bill 5337, said the enactment of the measure will address the country’s persistently slow, inefﬁcient and expensive Internet access by fully empowering the NTC to regulate the service. Campos made the statement as the NTC vowed to work with Congress to ensure an efﬁcient and stable internet access nationwide. “We express our wholehearted appreciation for the proposed amendments [to the law] contained in House Bill 5337, speciﬁcally in the areas of expanded responsibilities of the NTC, immunity from civil suit, reclassiﬁcation of Internet/ broadband as a basic service and speciﬁc rights for end users,” NTC Commissioner Gamaliel Cordoba said in a position paper.
THURSDAY, OCTOBER 19, 2017
Adelle Chua, Editor
A strategic liberation
RESIDENT Rodrigo Duterte, in a sweeping declaration Tuesday, said Marawi City was free from terrorists and that its rehabilitation could now begin.
The siege, which began May 23, took the lives of 847 terrorists, 163 government troopers and 47 civilians. It also displaced some 400,000 residents. To be sure, the siege is not completely over. There remain pockets of fighting, 20-30 terrorist holdouts including foreigners, and about 20 hostages including women and children.
This is exactly why a senior military official said the declaration was more strategic than actual. “It’s about to be over,” said Col. Romeo Brawner, deputy commander of the Joint Task Group Ranao. “They [the terrorists] cannot be victorious anymore.” Martial law continues to be in place in Mindanao. It will be in effect, unless lifted, until the end of the year. Then again, it would be foolhardy for all of us to believe this is really over. Foremost, Marawi City, which used to be the center of finance and education in the region, has been reduced to ruins. All of the gains
made over the decades have been negated. The people who managed to survive are living in cramped evacuation centers, merely living from one day to the next when before they cultivated rich and full lives in their community. Business has ground to a halt, and it would take billions to breathe life back to the economy. Terrorists have not been banished; in fact, several of them remain and one of them just might be made successor to the post vacated by the death of their leader. It is impossible that they could just be driven away so easily—these people are masters of cunning and organization. They
are not known for cowering. The liberation declaration is more of a message we are sending out to the world, Brawner said. How true. It is prospective—we want to be liberated from the terror threat and free from the crippling effects of destruction and fear. Whether or not the strategy will become full reality is up to our leaders who must show they are not backing down or allowing themselves to get distracted. There are indeed many wars on many fronts in governing this nation. If we play this one right, perhaps we can look forward to actually governing through building —not just putting out fires. TO THE POINT EMIL P. JURADO
His biggest challenge IN THE wake of President Rodrigo Duterte’s declaration of the liberation of Marawi after a five-month siege, the people are asking: Is this is the end of terrorism in Mindanao? Will the terrorists retaliate? With the deaths of Isnilon Hapilon and Omar Maute, will the IS now stop trying to establish a caliphate here? Will martial law in Mindanao now be lifted? As far as I know, terrorism will remain. This will be the biggest challenge to President Duterte in the remainder of his term. It appears that the IS has chosen Mindanao as its hub in Southeast Asia, and has started forming alliances with other terror groups.
It would be naive to think the terrorists have gone away for good.
Foreign intervention LOWDOWN
JOJO A. ROBLES WHAT needs to be unearthed, now that the fourmonth-long war in Marawi City is winding down, is the involvement of foreign groups not only in enabling local terrorist organizations like the Maute with money, arms and inspiration, but also in the actual bloody, drawn-out fighting that took place. The reports that a Malaysian doctor is now the de facto head of the small terrorist band still holding out in the city demand that the participation of foreigners in the conflict be thoroughly investigated. By now, everyone should understand that Isnilon Hapilon, who gained infamy as a sub-leader of the
Abu Sayyaf bandit group based in Basilan, far removed from Marawi, could not have led the latest Moro uprising without foreign help. The fact that Hapilon seamlessly hooked up with the Butig, Lanao del Surbased Maute gang, becoming the anointed, would-be emir of the first Southeast Asian caliphate of Daesh, also known as the Islamic State, is not accidental. And yes, the conflict in Marawi was not only the result of funding, arming and indoctrination from IS. The actual battle with Philippine security forces involved foreigners who were as radicalized as Hapilon and the Maute brothers, fighters who also bought into IS’ promise that a new world order of radical and brutal Muslim extremism was at hand. For anyone interested in
delving into the causes of the Marawi war, there is evidence aplenty of foreign intervention. Just yesterday, the National Bureau
For anyone interested in delving into the causes of the Marawi war, there is evidence aplenty of foreign intervention.
of Investigation announced the arrest of a 36-year-old widow whose job was to recruit foreign nationals to reinforce the band assembled
by Hapilon and the Mautes. Karen Aizha Hamidon, whose husband was reportedly the leader of a small extremist group in Mindanao, was arrested at her home in Taguig City a week ago and charged with 14 counts of inciting to rebellion and committing cybercrime. Hamidon reportedly used social media and messaging apps to call on foreigners to join the siege of Marawi. Of course, it is also no secret that allies of the Philippines helped a lot in putting down the IS-inspired Marawi rebellion, providing materiel, intelligence and other requirements of a military that is admittedly poorly equipped to deal with a full-blown and determined terrorist threat. But that doesn’t mean that we cannot ask an explanation, at the very least, from other countries (whom we
also count as allies) whose nationals participated in the longest and bloodiest terror attack this country has ever seen. *** I have a friend in the old neighborhood who retired recently from his mid-level job as an accountant in a big local bank. He now drives one of the two jeepneys that he owns every day. My neighbor doesn’t need the money because the bank where he worked his entire life paid him well. He owns a nice house and his retirement pay, pension and income from some rental properties he invested in make more than enough for him and his wife and perhaps even for his grown children and their families. But he drives a jeepney because his father drove and owned jeepneys, which sent my neighbor and his
siblings through school. He doesn’t want to stop driving a jeepney which plies the same route that his father’s jeepneys did; jeepneys, those unsafe, rickety, smoke-belching contraptions that somehow, by some miracle of McGyverinspired engineering, get millions of Filipinos daily from Point A to Point B, are my neighbor’s life. Of course, my neighbor’s story is by no means the rule for the people who own and drive jeepneys, those jerry-rigged mini-buses that first made an appearance in the Philippines right after World War II. I would like to believe, as this week’s strikers would want us to believe, that many jeepney drivers are actually poor. But the story highlights how, for many decades, the people who have made
My gulay, even now a Malaysian terrorist named Mahmud Ahmad is being bruited about as the successor of Hapilon, the emir of the caliphate. Ahmad is considered as one of the financiers of the Marawi siege. There are also unconfirmed reports that more money from the Middle East is coming. There are reports that terror groups are already looking at other Mindanao cities like Iligan, Cagayan de Oro, Zamboanga, Cotabato and Davao. How then can terrorism end? This is exactly why the military cannot recommend to the President the lifting of martial law. The biggest challenge now is for the President to cope with so many terror cells in Mindanao. How can he contain terrorism and prevent it from spilling over to other parts of the country? It would be the
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IN THE runup to China’s twice-a-decade Communist Party Congress, many analysts have turned bullish on the Chinese economy. Some of the optimism is based on an impressive recovery since the quasi-crisis of late 2015 and early 2016, some on hopes that a strengthened President Xi Jinping will emerge from the congress to restart far-reaching reforms. Whatever the cause, though, the giddiness is ill-founded. In our China Beige Book, we quiz over 3,300 firms across China about the performance of their companies as well as the broader economy. Their responses reveal that much of the exuberance about China today is based on dangerous misconceptions. The first and most obvious myth is that China is actually deleveraging, as officials claim. Responses from Chinese bankers support the notion that regulators, at least for the moment, have successfully targeted certain forms of shadow financing such as wealth management products. Companies, however, don’t seem to be feeling much pressure to curb their excesses. In the second quarter, while firms reported facing moderately higher interest rates and borrowing modestly less, that only slowed the pace of leveraging instead of reversing it. And even that progress has since stalled. Third-quarter loan applications rose, rejections fell and companies borrowed more. Interest rates at both banks and shadow financials slid. What officials are calling deleveraging—rolling back excess credit—still represents more, uneven leveraging. If the restrictions on financials do extend to companies in 2018 and deleveraging actually begins, the process could be much more traumatic for the Chinese economy than most people currently recognize. The second myth is that the Chinese economy has finally begun to rebalance away from manufacturing and investment to services and consumption. In reality, China’s stronger 2017 performance has depended almost entirely on a revival of the old economy; the improvement in both growth and jobs drew heavily upon commodities, property and, most consistently, manufacturing. Call it “de-balancing.” Since bottoming out in late 2015, manufacturing revenue growth has improved every quarter, and at a pace quicker than services and retail in most of them. The manufacturing sector has recorded consistent gains in profits and pricing power over the past year, not to mention six straight quarters of expanding workforces. On the other hand, “new” economy sectors such as services and retail have grown in fits and starts. While those sectors are performing adequately, they’re hardly on a course to displace manufacturing—far from it. Finally, and again contrary to government claims, China hasn’t slashed overcapacity in commodities sectors. Xi has incessantly touted what he calls “supply-side reforms,” which would seem to give Chinese companies very strong incentive to report results showing such cuts. Yet for more than a year, firms have indicated the opposite. While some gross capacity has been taken offline to much fanfare, net capacity has continued to rise. From July through September, hundreds of coal, steel, aluminum and copper companies reported a sixth straight quarter of overall capacity rising, not falling. This will soon come to a head. For over a year, blistering demand and flows of speculative capital have combined to keep metals prices rising and mask the lack of genuine supply cuts. In the third quarter, though, firms across sub-sectors reported poorer revenue and profit results. Most telling, domestic orders weakened sharply, signaling that there’s no quick rebound on the way. Unless true supply cuts are imposed, it’s a matter of when, not if, speculative inflows unwind and many investors find themselves running for cover. All three of these misconceptions have serious implications. Not only will the commodities reversal reignite skepticism over the Chinese economy, the year-long rallyin metals is also seen by many as evidence of global reflation. Should commodities prices suffer a sustained fall, confidence in both the global economy and, relatedly, central banks’ willingness to raise rates may be affected. For China itself, many observers have come to believe that the economy has recovered even as it’s rebalanced and undergone at least some deleveraging. But restructuring didn’t begin in 2017. Rather, the task was delayed yet again in order to serve the Party’s desire for stability and growth ahead of its big meetings. If Xi and China’s new leadership actually roll out such an agenda next year, the dislocations will likely be far greater than investors are anticipating. On the other hand, if they don’t act, imbalances will continue to swell, making the pending correction all the more painful. Bloomberg
Foreign... From A4
a living out of ferrying people on governmentgranted routes have resisted any sort of change. Just like they are now resisting
the government’s planned modernization of their decrepit vehicles, in order to make them safer, more reliable and more environmentally friendly—a modernization plan, by the way, that was first broached by the government in the Mar-
MRT: The cost of incompetence
China isn’t fixing its flaws By Leland Miller and Derek Scissors
THURSDAY, OCTOBER 19, 2017
OVERSIGHT DANILO SUAREZ IN DEVELOPED cities like Japan, New York, Hong Kong and some in Europe, everyone takes mass transit. I visited my daughter when she lived in New York and I saw stock brokers, lawyers, doctors, nurses, blue-collar workers all riding the New York subway. Ease and convenience in commuting blurs the divide between social and economic classes. Effective mass transit is a social equalizer. Rich or poor, no one wants to agonize inside a car for hours on end if there is a reliable and comfortable way to get around the city. No one. Metro Manila’s commuting public relies heavily on the MRT and the LRT. To our detriment, metro railways are a big disappointment, in large part, due to inefficiency. Per the 2016 COA report, the MRT-3 operations alone encountered 2,619 train removals, 63 service interruptions, and 586 incidents of passenger unloading. Even a colleague
from the House, Rep. Ruffy Biazon, experienced an MRT breakdown during morning rush hour that resulted in the offloading of passengers and removal of the train. According to the MRT-3 website, only 20 trains run during rush hours. This is not enough to comfortably transport the 500,000 passengers of the MRT daily. Due to lack of fully operational trains, our commuters endure overly crowded trains and unbearably long queues. During rainy season, these long lines are agonizing. There are projects to expand railways. We look forward to the country’s first subway system before the Duterte administration ends. However, before focusing on these upcoming infrastructure projects, the leadership should address the current problem of the mass transportation system, particularly the MRT. We trace the roots of the MRT-3 problems to 2012. Initially, Sumitomo Corp., a Japanese firm with over 94 years of experience in the industry, designed, built, and maintained the
MRT-3 from its opening in December 1999 to October 2012. During this period, there were zero accidents and only minimal technical problems reported. The Sumitomo Corp. contract included maintenance service and spare parts. When this contract expired, the DOTC awarded the new maintenance contract worth P517.5 million to PH Trams-CB&T, a two-month-old firm that only had a P625,000 capitalization, through emergency procurement. This contract did not even include spare parts and was just purely for maintenance services. According to then DOTC Secretary Jun Abaya, this was a cheaper option but MRT Holdings, Inc. Chairman Robert John Sobrepeña claimed otherwise. According to him, the government lost P1.4 billion after awarding the maintenance contracts to various providers, instead of renewing the maintenance contract with Sumitomo Corp. Furthermore, in the first year of the MRT-3 under PH-Trams’ maintenance contract, one accident was reported when a
short circuit ignited a fire inside and underneath the train. Around 11 broken rail failures were also reported. From September 2013 to 2014, Global APT took over the MRT-3 maintenance and it only worsened the problem, with 3 reported accidents and 22 broken rail failures. The Busan Universal Rail Inc. (BURI), a Korean firm, has been in charge of the MRT-3 maintenance from January 2016 to present. However, the DOTr, led by Secretary Arthur Tugade expressed its intent to terminate this maintenance contract because it was allegedly void from the beginning, and because of lapses in the delivery of its maintenance services. Besides the various problems brought about by the several changes in maintenance service providers, another big problem of the MRT-3 is the result of an inexplicable decision committed by the former administration when it purchased 48 new MRT coaches that were incompatible to the existing system. These coaches were procured for P3.8 bil-
lion from Dalian Locomotive and Rolling Stock Co. of China. Unfortunately, they would remain unusable for the next three years because of the unavailability of a signaling system device. Imprudent and unwise decision-making created this monster of a problem. Where is the logic supporting the decisions that led to this MRT mess? All I can see is how the commuting public continues to suffer. I call on the DOTr to address the MRT problems with urgency and come up with concrete solutions that would ease, and possibly, eliminate the pain of the commuters. If the agency fails to do so, I will not hesitate to defer the budget of the DOTr in the bicameral budget deliberations. I put my trust in this administration that it would not commit the same mistakes as the previous administration. Therefore, I expect the DOTr to do things right this time, and I look forward to a more efficient and convenient public transportation system during this term.
Lessons learned legal and should have been dispersed or arrested for blocking the smooth flow of traffic. So what was achieved in this two-day jeepney strike? It prevented many of the poor—whom the strikers are supposed to protect—from going to work to earn a living. The drivers themselves were not able to work. The strikers are now threatening the government to talk to them. Otherwise, they will mount monthly and longer strikes. It probably has not occurred to them that what they are doing is a violation of the terms of their so-called franchises as public utility operators which could be suspended anytime. The government, instead of caving in to their demands, has hardened its position and will go ahead with the jeepney phase-out program. I have always written in the past that replacing the old jeepneys with newer ones will have the same effect on the traffic of Metro Manila simply because the jeepney is not the most efficient way to move large numbers of people. But with a better designed, bigger and more efficiently managed jeepney operation, perhaps some-
thing can still be done to improve the travel time in Metro Manila. The government should therefore view this development as an opportunity to come up with new ideas to serve the riding public. For instance, the Land Transportation Franchising Regulatory Board might like to encourage the local government units in the in the Metro area to be the first ones to invest in the newly designed jeepneys and managed the operation themselves so that the National Capital Region will not always be at the mercy of these militant jeepney associations. These LGUs can start with 50 units each to start the ball rolling. This will come to about 850 units which could easily be increased as management improves. Mass transportation in our urban centers after all should be government run and not given to private operators. The jeepney can still be allowed to operate in other areas of the country but must be phased out in Metro Manila and other highly urbanized cities in the country. It is time we started modernizing our urban mass transport system. Change is something that no one can stop. Not even the mil-
itant jeepney associations. President Duterte is absolutely right about the issue of health. Equally important are safety, comfort and passenger protection in case of accidents. And if these militant groups of jeepney operators cannot understand this, then it is simply too bad for them. *** The government has just scored a huge accomplishment in the ongoing battle for Marawi City. Isnilon Hapilon, the dreaded leader of the terrorist group Abu Sayyaf together with the last surviving member of the Maute brothers, Omar, were both killed in Marawi City the other day. After embarrassing the country for so long with his kidnapping and beheading of foreigners, Hapilon was finally killed. Depending on the complexity of both organizations, both instances of neutralization are big. For the Maute group, it is possible that the death of Omar Maute was the final nail in the coffin of the organization. The mother is in jail and the father has died. If all the brothers died in Marawi as is widely believed, then the Maute group is now dead and gone. Another group under another leader may take over
but as of now, the AFP is right in saying that the Maute group has been destroyed. The Abu Sayaff is another matter. It has been there for years. Its organizational structure is a lot more complex. It is possible that a sub leader who is not yet known by the government can take over. Nonetheless, the group has suffered a severe beating. Hapilon was not the only Abu Sayaff that was killed in Marawi City. There are many others who went to Marawi City with him who have suffered the same fate as their leader. Some may have escaped earlier, but most stayed with their leader to the end. One important lesson that can be learned from this is that to the credit of President Duterte, he basically left the conduct of the operations to the military commanders who did a professional job. It is so unlike former President Benigno Aquino III who fancied himself as a tactical commander and ended up bungling the Mamasapano operation with very tragic results and left the country still looking for answers. Our uniformed services should give themselves a big pat on the back for a job well done. They deserve it.
height of naivete to think we have really been free from the threat of terrorism. Lest I am accused of peddling fake news, I believe, as an opinion writer, that President Duterte faces more challenges now than President Ferdinand Marcos did in 1972. *** With just a handful of terrorists battling it out with government forces in Marawi City, the next battle of President Duterte is rehabilitating the war-torn city. This could be really expensive. We need the help of other countries. There are temporary shel-
ters being built for displaced residents, but this is not enough because they also need means to earn a living. If you look at how Marawi was destroyed after heavy fighting, you would think it was a scene from Iraq or Syria. *** I have no love lost for former Justice Secretary Leila de Lima, now senator. She had her comeuppance when President Duterte had her charged for alleged involvement in the illegal drug trade. I read the decision and I am inclined to believe that De Lima’s petition to be indicted instead by the Sandiganbayan should have prevailed. In his dissenting opin-
ion, Associate Justice Antonio Carpio said it was the Sandiganbayan, not the Muntinlupa courts, that had jurisdiction over De Lima. Carpio said the prosecution said De Lima used her power and position and authority as then Secretary of Justice to recover money from the New Bilibid Prisons for her senatorial bid in the last elections. Carpio said the information in the case did not charge the non-bailable offense of drug trafficking, There was no single element of drug trafficking mentioned. The information failed, Carpio said, to show that De Lima actually participated in the drug trade. It simply accuses De Lima of allowing the inmates to con-
tinue trading drugs while serving jail time. “How can petitioner be made liable as co-conspirator when there is no allegation whatever that she committed an act constituting part of the illegal sale of drugs, and not one of the essential elements of the crime of illegal drugs is present?” What the information charges, Carpio said, is the bailable offense of direct bribery. And yet she is being held without bail. For this reason, Carpio believes that the Muntinlupa RTC should revoke the warrant of arrest issued against De Lima. Based on the information itself, the accusation of illegal trade of drugs is blatantly a pure invention,
Carpio said. To allow the continued detention of De Lima is to see gross injustice perpetrated. *** One of the most thankless jobs in the administration is that of presidential spokesman, especially with somebody like President Duterte in Malacañang. This is why I give credit to Presidential Spokesman Ernesto Abella, a former pastor, who almost always has to interpret what the President means. I can no longer count the times when Abella told us in his usual somber way what the President really meant with his words. The President should be circumspect when he opens his mouth. He must pity his spokesman.
cos years. The same fear of the unknown, stoked by rabblerousing leftist groups, is what made the jeepney drivers’ groups call a nationwide strike early this week. And the same tired, old tactic of jeepney driv-
ers in past generations—of holding the riding public and the government hostage through mass actions —was employed. I do not have the space to debate the merits and demerits of jeepney modernization—or even the
abolition of these sentimental but always controversial vehicles of mass transportation. That would take me to the lack of public infrastructure and the disaster that is government-run public mass transport. What’s I’ll say is this:
The people are no longer happy with the way they are being sacrificed by the jeepney groups. And if the people lose their patience with these groups, which have never been known to look out for the welfare of anyone outside of their own
members, there will be hell to pay. That’s because, while jeepneys are a way of life for some, a lot more people get inconvenienced when they defend the old ways and resist change for the better.
DUTY CALLS FLORENCIO FIANZA ONCE again, the jeepney associations led by the militant group Pinagkaisang Samahan ng Tsuper at Operator Nationwide or Piston went on strike for two days instead of the usual one day. The strike caused so much disruption. Although the Metro Manila Development Authority said that the effect of the strike was minimal, in actual fact, the effect was huge if we include the loss of productivity and the two-day class suspension which will have to be recovered with another extra two school days. The loss of the productivity can no longer be recovered. Since these jeepney associations have been doing this with regularity, one would think that the government would have already learned valuable lessons on how to effectively respond to such a situation instead of just suspending work, classes and providing free transportation. The jeepney association leaders, in addition to the strike, also tried to disrupt traffic in certain areas which were clearly il-
His... From A4
THURSDAY, OCTOBER 19, 2017 email@example.com
US-backed forces take back Raqa R
IN BRIEF Catalonia may lose autonomy
AQA, Syria―US-backed forces took full control of Raqa from the Islamic State group on Tuesday, defeating the last jihadist holdouts in the de facto Syrian capital of their now-shattered “caliphate”.
MADRID―Spain will seek to suspend Catalonia’s autonomy unless the region’s leader abandons his push for independence, the country’s deputy prime minister said Wednesday, 24 hours before Madrid’s deadline. If separatist leader Carles Puigdemont does not provide a satisfactory response by 0800 GMT Thursday, “Mr Puigdemont will provoke the application of article 155 of the constitution,” Soraya Saenz de Santamaria told parliament. This provision of the constitution―which has never been used before―would open the way for Madrid to impose direct rule over the semi-autonomous region. Triggering it could represent a drastic escalation of Spain’s worst political crisis in decades that was sparked when Catalonia held a banned independence referendum on October 1. Puigdemont declared independence following the poll which he says resulted in a 90 percent “yes” vote, though turnout was only 43 percent as many supporters of Spanish unity stayed away in a region that is deeply divided on the issue. AFP
The victory caps a battle of more than four months, hammering another nail in the coffin of the jihadist group’s experiment in statehood, which has collapsed in the face of offensives in Syria and Iraq. Inside Raqa, overjoyed fighters from the Kurdish-
Arab Syrian Democratic Forces celebrated and raised their yellow flag in the city’s Al-Naim traffic circle, which became known as “Hell Roundabout” after jihadists used it for gruesome public executions. Raqa had become a byword for atrocities carried
out by the jihadists, and it was from the city that IS organized devastating overseas attacks like the Paris massacres in 2015 or August’s attacks in Barcelona. “Hell Roundabout is now Al-Naim Roundabout again,” the fighters in Raqa cheered, surrounded by crushed buildings and charred cars damaged in the fierce battle for the city. Rojda Felat, the SDF’s commander for its Raqa operation, flashed a wide grin as she waved a huge yel-
low flag emblazoned with the militia’s name, her rifle hanging from her shoulder. “God willing, joy will return to the whole city,” said fighter Sevger Himo, his eyes gleaming. The defeat of IS in Raqa was a victory “the whole world was waiting for,” said Omar Alloush, a member of the Raqa Civil Council formed to run the city after its liberation. Raqa has been devastated by fighting and emptied of civilians, with the last few
had been freed, she started to cry, and then I started to cry. Thank God, thank God.” SDF forces broke into Raqa in June after months of fighting to surround the city. On Tuesday they flushed the last few hundred IS fighters from their remaining positions in the main hospital and the municipal stadium. “Everything is finished in Raqa, our forces have taken full control of Raqa,” the alliance’s spokesman Talal Sello told AFP. AFP
Swiss ‘tax spy’ goes on trial in Germany
Couple held for tots’ death TAIPEI―A Taiwanese couple have been indicted over the abuse and deaths of three of their children whose bodies they then buried in hidden locations, in a crime that has shocked the island. The father, identified by his family name Lee, admitted to beating two sons― aged seven-years-old and 10 months―before they died, prosecutors said in a statement Wednesday. He was charged with causing injury leading to death while the children’s mother was indicted for abandonment leading to death, both punishable by life imprisonment. The cause of death of their six-month-old daughter was undetermined. Lee, 37, denied abusing the baby, prosecutors said. He and his partner surnamed Chen, 33, escaped murder charges as Lee claimed he “had no idea” his children would die, said Huang Yi-hua, a spokeswoman for the Yunlin prosecutor’s office. “Lee said he just wanted to teach the children a lesson when they were crying and screaming,” she added. AFP
MEETING. British Prime Minister Theresa May (C-L) hugs European Commission President Jean-Claude Juncker after a meeting at the European Commission in Brussels on October 16, 2017. European Union leaders meeting in Brussels on October 19 and 20 are due to decide whether or not negotiators can move on to discussing post-Brexit trade ties with Britain if "sufficient progress" has been made in divorce talks. AFP
BERLIN―A Swiss man accused of spying on German officials who were hunting tax cheats goes on trial in Frankfurt on Wednesday, in a convoluted case that has strained the ties between Bern and Berlin. Daniel M., 54, was arrested in Frankfurt in April on espionage charges after he compiled information on the officials tasked by the German state of North Rhine-Westphalia with ferreting out stashes of wealth hidden at Swiss banks. He is also believed to have placed a mole inside the German tax office, though this person’s identity is still unknown. Switzerland had been seeking the identities of three German tax officers, hoping to build a case against them for illegally obtaining banking data― which is protected under
Catalonia’s push for independence taking toll on tourism MADRID―Catalonia’s independence push is taking its toll on the region’s tourism industry, with revenues and hotel bookings down since a banned October 1 secession referendum that was marred by violence. “The tourism sector is one of the most strongly affected by the instability,” Prime Minister Mariano Rajoy told parliament last week as he defended his government’s handling of the Catalan crisis.
Catalonia, with its capital Barcelona and Costa Brava beaches, is the Spanish region that most attracts foreign visitors. More than 18 million visitors went in 2016, or a quarter of all foreigners who came to Spain. But images of police beating would-be voters as they tried to stop the independence referendum and the massive street demonstrations in Barcelona that fol-
1598 M.H. Del Pilar corner Dr. J. Quintos Streets Malate, Manila Tel. Nos. 522-0000, 551-2200 connecting all departments
INVITATION TO BID The Land Bank of the Philippines (LANDBANK), through its Bids and Awards Committee (BAC), invites consultants/ suppliers/manufacturers/distributors/contractors to bid for the hereunder project: Approved Budget Bidding for the Contract Documents Fee (ABC)
Items ITB - GS-20170913-02 One (1) Lot Supply, Delivery, Installation, Testing and Commissioning of Various Airconditioning Units complete with Standard Accessories per Manufacturer’s Standards at the following LANDBANK Offices: 1. Baguio City Branch 2. Iba Branch 3. Subic Branch 4. Camiling Branch 5. Tarlac Branch 6. Quezon City Hall Branch 7. Infanta Branch 8. Tanauan Branch 9. Irosin Branch 10. Negros Oriental Accounting Center 11. Capiz Lending Center 12. Calamba (Misamis Occidental) Extension Office (EO) 13. Tupi EO 14. Tandag Branch 15. Samal Island Branch
To be discussed during the Pre-Bid Conference
Prospective bidders should have experience in undertaking a similar project within the last five (5) years from the date of submission and receipt of bids, with an amount of not less than 50% of the ABC. The Eligibility Check/Screening as well as the Preliminary Examination of Bids shall use non-discretionary “pass/fail” criteria. Post-qualification of the lowest calculated bid shall be conducted. All particulars relative to Eligibility Statement and Screening, Bid Security, Performance Security, Pre-Bidding Conference(s), Evaluation of Bids, Post Qualification and Award of Contract shall be governed by the pertinent provisions of R.A. 9184 and its Implementing Rules and Regulations (IRRs). The schedule of activities are as follows: ACTIVITIES 1. Issuance of Bid Documents 2. Pre-Bid Conference
3. Submission / Opening of Bids 4. Post-Qualification 5. Notice of Award
thousand departing under a deal implemented over the weekend. For Umm Abdullah, a Raqa native who fled the city three years ago, news of its capture was overwhelming. “I can’t describe my happiness,” the 44-year-old told AFP in the town of Kobane, 100 kilometers north of Raqa. Celebratory gunfire could be heard across Kobane late into the evening. “When my sister told me it
SCHEDULE October 19 to November 9, 2017 October 26, 2017 - 2:00 PM Bidding Room, 25th Floor, LANDBANK Plaza Building 1598 M. H. Del Pilar corner Dr. J. Quintos Streets, Malate, Manila November 9, 2017 - 11:00 A.M. Procurement Department, 25th Floor, LANDBANK Plaza Building 1598 M. H. Del Pilar corner Dr. J. Quintos Streets, Malate, Manila November 10 to 16, 2017 November 21, 2017
Bid documents will be available to prospective bidders upon payment of the applicable Bidding Documents fee to the LANDBANK Cashier. LANDBANK reserves the right to (a) reject any and all bids at any time prior to the award of the contract; (b) waive any minor formal requirements in the bid documents; (c) accept such bids, it may consider advantageous and beneficial without thereby incurring any liability to the affected bidder or bidders. BIDS AND AWARDS COMMITTEE
lowed the vote had dampened visitors’ enthusiasm. Catalonia’s tourism activity slumped by around 15 percent during the first two weeks of October compared to the same time last year, according to industry lobby group Exceltur. Barcelona’s emblematic Las Ramblas boulevard was still packed with locals and tourists on Tuesday, who sat in the sun on outdoor terraces or drove by on open-top buses.
But local shop owners complain of a slump in activity. “You feel it, there are less tourists since October 1. Our sales have dropped by about 25 percent, it’s very worrying,” Susana Garcia, 44, who runs a confectionery stand on the boulevard, told AFP. “If you watch TV, and you see Barcelona and police hitting people, and people saying there is no democracy, would you go there?”
the country’s strict secrecy laws. The country’s banks had come under intense pressure in recent years as several German states started buying CDs or USB memory sticks allegedly containing data on German taxpayers who had parked their fortunes across the border. German investigators say they believe that Daniel M. was in the employ of Bern’s spy masters by July 2011 at the latest. Along with an associate working for a security firm in Frankfurt, he allegedly collected birth dates, telephone numbers and private addresses of German tax officials. The spying claims sparked outrage in Germany, with Foreign Minister Sigmar Gabriel rebuking Switzerland over the scandal and summoning Bern’s envoy for clarification. AFP
S. Korean grannies spearhead protests
Jose Luis Morais has noticed a similar drop in business at his nearby newspaper stand, but he thinks it has “more to do” with the jihadists attacks in Barcelona and the nearby resort of Cambrils BUSAN―A powerful US in August that killed 16 peomissile system installed ple “than because of the poin South Korea to defend litical situation”. it from the nuclear-armed Catalonia’s tourism acNorth made international tivity dropped by around headlines this year. But the five percent in September stars of a film about the in the wake of the attacks, project are the grandmothaccording to Exceltur. AFP ers who found themselves CYAN MAGENTA YELLOW BLACK living next to some of the world’s most advanced weapons. The South Korean documentary “Soseongri” shows how the deployment transformed a previously sleepy farming district into a domestic and international political battleground. Most of the protagonists are in their 80s, enabling the documentary-makers to draw parallels between the Korean War and the peninsula’s current tensions as they recount their own nightmarish memories of the 1950-53 conflict. Seoul last year announced the deployment of the US Terminal HighAltitude Area Defense (THAAD) system to guard against growing missile threats from Pyongyang. CONGRESS. Military delegates attend the opening of the 19th Communist Party Congress But the plan drew fire at the Great Hall of the People in Beijing on October 18, 2017. President Xi Jinping declared from both China, which saw China is entering a "new era" of challenges and opportunities on October 18 as he opened a THAAD as a threat to its Communist Party congress expected to enhance his already formidable power. AFP own security, and residents of Seongju, the southeastern county designated to host it. Soseongri is the closest village to the former golf course where THAAD was CHICAGO―The city of Chicago revealed (CDA) employees mishandled a noninstalled in March. Tuesday that it fired two airport police of- threatening situation that resulted in the The deployment sparked ficers in connection with the controversial physically violent forcible removal of a months of protests and removal of a passenger from a United Air- passenger,” the inspector general’s public demonstrators clashed with lines plane earlier this year. report stated. police as they struggled to Video of the April incident went viral The fired employees were the officer prevent US army trucks online, showing airport officers dragging who initially pulled Dao from his seat carrying missile parts ena bloodied David Dao off a full plane to on the flight to Louisville, Kentucky, tering the village. make room for airline crew needing to be and the supervisor who engaged in The 89-minute film, repositioned for future flights. “the deliberate removal of facts from which had its world preInspector General Joseph Ferguson, an employee report,” the inspector miere at the current Busan who heads the midwestern US city’s general said. International Film Festiwatchdog office, had been pursuing an inTwo other officers, one who “made val, captured moments of ternal probe of the officers’ actions. misleading statements in two reports” confusion, anger and fear Ferguson revealed that two of the four and another who “made material omiswhen elderly farmers who had been fired and the other two suspend- sions in a report,” were handed five-day had spent almost all their ed, but did not specify when the discipli- suspensions. lives in the village suddennary actions were taken nor reveal the ofOne of the suspended officers chose to ly found themselves at the ficers’ identities. resign. The other challenged his suspencentre of international dip“Chicago Department of Aviation sion, which was reduced to two days. AFP lomatic controversy. AFP
Two officers fired for removing passenger
CYAN MAGENTA YELLOW BLACK Manila
StandardENERGY Republic of the Philippines REGULATORY COMMISSION TODAY
adjustments made for Allowed Outage, limitation due to dispatch order, Force Majeure of the Power Station, and allowable start-up time due to period of non-generation due to a Buyer dispatch order or an Allowed Outage, and any other hours as a consequence of Buyer’s failure to perform any of its obligations
San Miguel Avenue, Pasig City
IN THE MATTER OF THE APPLICATION FOR APPROVAL OF THE POWER SALES AGREEMENT BETWEEN COTABATO ELECTRIC COOPERATIVE, INC. (COTELCO) AND WESTERN MINDANAO POWER CORPORATION (WMPC), WITH PRAYER FOR PROVISIONAL AUTHORITY,
A summation of the ED & TMED for a given Contract Year shall be made to determine true F during the Contract Year. Such yearly F factor shall be basis for adjustment of the CRF for the Contract Year. The adjustment shall be guided by the following conditions:
If ∑:ED > ∑TMED,F> 1, excess will be carried over to the next year, if the excess is attributed to an event initiated by the Buyer calling for the dispatch of the Power Station to deviate from the agreed Dispatch and Nomination Procedures (Schedule E), and which applies only on to scheduled maintenance of these generating units.
Applicant. x - - - - - - - - - - - - - - - - - - - - - -- -- - - - - - - - - - - - x 2.
Fixed Operation & Maintenance Fee (FOMF)
TO ALL INTERESTED PARTIES: The Fixed Operation and Maintenance Fee (FOMF) covers the operating and maintenance costs of the Power Station. It shall be computed according to the following formula:
Notice is hereby given that on 29 April 2016, Applicants Cotabato Electric Cooperative, Inc. (COTELCO) and Western Mindanao Power Corporation (WMPC) filed an Application for the approval of their Power Sales Agreement (PSA), with prayer for the issuance of a provisional authority.
Copies of WMPC’s Certificate of Incorporation, and Certificate of Filing of Amended Articles of Incorporation (“AOI”) with the attached Amended AOI issued by the Securities and Exchange Commission, Certificate of Filing of Amended By-Laws with the attached Amended By-Laws, latest General Information Sheet, and Audited Financial Statements for the year 2015 are attached hereto as Annexes “A’’ and series. 3.
Joint Applicants may be served orders and other processes through their respective undersigned counsel.
Pursuant to Rule 20 (B) of the ERC Rules of Practice and Procedure, approved by this Honorable Commission on 22 June 2006 in Resolution No. 38, Series of 2006, this Application is submitted to this Honorable Commission for its review and approval of the Power Sales Agreement (“PSA”) dated 15 April 2016 between COTELCO and WMPC.;
NATURE OF THE APPLICATION
A copy of the PSA is attached hereto as Annex “B.” COMPLIANCE WITH PRE-FILING REQUIREMENTS 5.
In compliance with Rule 6 of the ERC Rules of Practice and Procedure, Joint Applicants have furnished the legislative bodies of each of the local government units where they principally operate a copy of the present Application with all its annexes and accompanying documents.
Fixed O&M Fee Rate of Php 219.00/kw/month
Consumer Price Index for Metropolitan Manila Area (National Capital Region), all items published by NEDA/NSO for the period of price determination
DOE Accreditation. The Department of Energy has accredited the WMPC Power Station as a Block Power Production Facility under the Implementing Rules and Regulations of Executive Order No. 215.
As a result, various parts of Mindanao have suffered from significant power outages, adversely affecting local businesses and the daily lives of all electricity consumers.
Drastic Reduction in PSALM’s Supply. In addition, the main power supplier in Mindanao significantly reduced its allocations to distribution utilities, further aggravating the power shortage. 10.1.
The Power Sector Assets and Liabilities Management Corporation (“PSALM”), which took over all the power generation assets of the National Power Corporation (“NPC”) pursuant to Republic Act No. 9136, supplies the bulk of the power requirements of Mindanao. PSALM likewise supplies a significant portion of COTELCO’s current power supply.
However, PSALM has significantly reduced its firm supply commitments to distribution utilities in Mindanao, including COTELCO.
NPC Certification. COTELCO has formally requested NPC for a certification on whether it will have available capacity and energy to supply COTELCO during the term of the PSA. NPC has not yet formally responded to such request.
A copy of the said request is attached hereto as Annex “E.” 11.
Necessity for Additional Power Supply. In order to ensure sufficient power supply to COTELCO’s customers, the power requirements within the franchise area of COTELCO should be adequately covered by supply contracts.
In addition to the reduction in supply from PSALM, the power demand in COTELCO’s franchise area is expected to steadily increase. The expected increase is indicated in COTELCO’s Distribution Development Plan (“DDP”) and supply-demand projections.
Copies of COTELCO’s DDP and supply-demand projections are attached to the Application as Annexes “F” and “G,” respectively.
Wholesale Price Index for Mineral Fuels, Lubricants and Related Materials for the Philippines as published by NEDA/NSO for the period of price determination
Wholesale Price Index for Mineral Fuels, Lubricants and Related Materials for the Philippines as published by NEDA/NSO for as of December 31, 2013.
A copy of the said analysis is attached hereto as Annex “T.”
RATE IMPLICATIONS OF THE POWER SALES AGREEMENT
Euro-Peso Exchange Rate for the period of price determination as published by Bangko Sentral ng Pilipinas
Euro-Peso Exchange Rate as of December 31, 2013 as published by Bangko Sentral ng Pilipinas
Finland Producers’ Price Index for Manufacturing for the period of price determination as published in the International Financial Statistics of IMF
Finland Producers’ Price Index for Manufacturing as of December 31, 2013 as published in the International Financial Statistics of IMF Outage Factor as derived using the following formula to used.
Where: F= Where: TMED
Where: VOMF VOMFR ED CPIn
= = = =
Euro-Peso Exchange Rate for the period of price determination as published by Bangko Sentral ng Pilipinas
Euro-Peso Exchange Rate as of December 31, 2013 as published by Bangko Sentral ng Pilipinas
Finland Producers’ Price Index for Manufacturing for the period of price determination as published in the International Financial Statistics of IMF
Commencement of Supply. WMPC shall commence supplying power on the date designated by WMPC to COTELCO in writing as the date on which WMPC is ready to commence supply (“Commencement Date”).
Term. The term of supply and purchase under the PSA shall be for ten (10) years from the Commencement Date, unless otherwise extended or renewed by mutual agreement of the parties in writing.
On the 2nd anniversary of the Commencement Date, COTELCO shall have the option to terminate the PSA or to modify the Contracted Capacity, subject to the availability of supply and to a one hundred eighty (180)-day prior written notice. In addition, the parties can agree to increase or decrease the Contracted Capacity, subject to the same tariff.
Purchased Power Rate. For the supply of power by WMPC, COTELCO shall pay monthly payments based on the following formulas:
Capital Recovery Fees Fixed Operation and Maintenance Fee Variable Operation and Maintenance Fee Actual Fuel Cost Start-Up Costs Replacement Capacity and Energy Costs Back-up Capacity and Energy Costs Value-Added Tax and other applicable taxes, if any
Energy Delivered, kWh
Start-Up Costs (SC) The Buyer, on a pro rata basis of the capacity of the Power Station allocated to the Buyer, shall pay the Seller Start-Up Costs for the cost of starting up the WMPC Power Station after a period of shutdown due to any reason attributable to the Buyer. The Start-Up Costs shall be computed based on the prevailing price of diesel fuel at the time of the Start Up and paid in accordance with the following: SC= (No. of Cold Start-ups x 600 liters x price of Diesel per liter) + (No. of Warm Start-ups x 300 liters x price of Diesel per liter)
Theoretical Maximum Energy Delivered being the Contracted Capacity multiplied by the hours in the relevant month, less any
In accordance with Section 1, Rule 4 of this Honorable Commission’s Rules of Practice and Procedure (“ERC Rules”), Applicant WMPC respectfully moves that the financial model be treated as confidential information for the following reasons: 32.1.
The financial model qualifies as a “trade secret” as contemplated under existing jurisprudence.
In the case “Air Philippines Corporation vs. Pennswell Inc,”3 the Supreme Court defined “trade secret” as follows:
ALLEGATIONS IN SUPPORT OF THE MOTION FOR PROVISIONAL AUTHORITY 38.
As discussed above, PSALM has significantly reduced its firm supply commitments to COTELCO. Also, supply from PSALM is unreliable as PSALM often delivers much less than its supply allocation to COTELCO. Further, the El Niño phenomenon currently being experienced by the country has significantly reduced PSALM’s supply, as it is heavily dependent on hydroelectric power.
In addition, the power demand in COTELCO’s franchise area is steadily increasing.
Thus, in order of to help ensure sufficiency of power supply to COTELCO’s customers, the supply under the PSA must be available in a timely manner.
Since the WMPC Power Plant is already existing and operating, it can readily supply power to COTELCO under the PSA as soon as the prayer for provisional authority is granted. A provisional authority will help ensure sufficiency of COTELCO’s supply in a timely manner, especially in view of the effects of the El Niiio phenomenon on COTELCO’s power supply.
In view of the foregoing, Joint Applicants respectfully move for the provisional approval of the instant Application pursuant to Rule 14 of the ERC Rules of Practice and Procedure.
A copy of a sworn statement supporting the said motion is attached hereto as Annex “U.” PRAYER
WHEREFORE, premises considered, Joint Applicants COTELCO and WMPC respectfully pray that this Honorable Commission: 1. issue an Order declaring the financial model attached hereto as Annex “L” as confidential information within the purview of Rule 4 of the ERC Rules, as well as directing that the financial model be treated with confidentiality and be protected from public disclosure; 2.
issue the corresponding Protective Order in accordance with Section 2 and 4 of the said Rule 4;
Warm Start-up (less than 10 hours of shutdown)
immediately issue an Order provisionally approving the present Joint Application; and
after due hearing, render judgment approving the Power Sales Agreement subject of the instant Joint Application, as well as the generation rate and adjustment mechanisms indicated therein.
Backup Capacity and Backup Energy Costs Fee (if applicable) The Buyer shall pay the Seller Backup Capacity and Energy Cost equivalent to the Monthly Payment had there been no Forced Outage. Value Added Tax The relative Value Added Truces (“VAT”) of the above fee payments 12% shall be computed as follows:
VAT= (CRF + FOMF+VOMF +AFC+ Start- Up Cost+RCEC + BCEC) x0.12
Joint Applicants pray for other just and equitable relief under the premises. The Commission has set the Application for determination of compliance with the jurisdictional requirements, expository presentation, Pre-trial Conference, and presentation of evidence on 09 November 2017 (Thursday) at ten o’clock in the morning (10:00 A.M.) at COTELCO’s Main Office, Matalam, North Cotabato. All persons who have an interest in the subject matter of the instant case may become a party by filing with the Commission a verified Petition to Intervene at least five (5) days prior to the initial hearing and subject to the requirements under Rule 9 of the 2006 Rules of Practice and Procedure, indicating therein the docket number and title of the case and stating the following:
For reference, sample computations of the rate considering various scenarios are contained in Schedule C of the PSA. 20.1.
Basis for indexation. As indicated in the formulas above, the monthly fees to be paid by COTELCO are subject to adjustments based on various indices.
The components of the Operation and Maintenance Fees representing foreign currency-denominated costs are adjusted based on the foreign exchange rate and the appropriate foreign price indices; those representing local costs are adjusted based on local price indices. The Actual Fuel Costs vary based on the applicable fuel cost index.
Financial Model. WMPC’s financial model for the tariff is attached hereto as Annex “K.” As discussed below, the financial model is the subject of a Motion for Confidential Treatment of Information.
For illustrative purposes, the capital cost inputs in the financial model include the book value of the Power Station as of December 2015, and the WMPC’s upgraded rehabilitation costs.
Sources of Funds/ Financial Plans. 21.1.
Debt Equity Ratio. The project was funded through loans and equity, with a debt equity ratio of 62:38.
Computation of Weighted Average Cost of Capital. The nominal pre-tax Weighted Average Cost of Capital (“WACC”) of the project is 13.49%
Project Cost. A breakdown of the total project cost of the WMPC Power Station is attached hereto as Annex “M.”
Annual Interest. WMPC’s interest cost is 7% p.a.
The petitioner’s name and address;
The nature of petitioner’s interest in the subject matter of the proceeding and the way and manner in which such interest is affected by the issues involved in the proceeding; and
A statement of the relief desired.
All other persons who may want their views known to the Commission with respect to the subject matter of the case may file their Opposition or Comment thereon at any stage of the proceeding before Applicants rest their case, subject to the requirements under Rule 9 of the 2006 Rules of Practice and Procedure. No particular form of Opposition or Comment is required, but the document, letter, or writing should contain the following: 1. The name and address of such person; 2. A concise statement of the Opposition or Comment; and 3. The grounds relied upon. All such persons who wish to have a copy of the Application may request from Applicants that they be furnished with the same, prior to the date of the initial hearing. Applicants are hereby directed to furnish all those making such request with copies of the Application and its attachments, subject to the reimbursement of reasonable photocopying costs. Any such person may likewise examine the Application and other pertinent records filed with the Commission during the standard office hours. WITNESS, the Honorable OIC Chairman and CEO ALFREDO J. NON, and the Honorable Commissioners GLORIA VICTORIA C. YAP-TARUC and GERONIMO D. STA. ANA, Energy Regulatory Commission, this 29th day of September 2017 in Pasig City. FOR AND BY AUTHORITY OF THE COMMISSION JOSEFINA PATRICIA A. MAGPALE-ASIRIT Oversight Commissioner for Legal Service
A copy of the indicative term sheet reflecting the interest rate is attached hereto as Annex “N.”
Monthly Actual Energy Delivered TMED
Liters of Diesel Fuel
A copy of the computation of the WACC is attached hereto as Annex “L.”
Type of Start-Up
Replacement Capacity and Energy Cost Fee (if applicable) The Buyer shall pay the Seller Replacement Capacity and Energy Cost in accordance with the invoice provided by the supplier of Replacement Capacity and Energy Cost.
Generation Mix Rate without WMPC2
Cold Start-up (more than or equal to 10 hours of shutdown)
Capital Recovery Fee Rate of PHP 250.18/kw/month Contracted Capacity Outage Factor as derived using the following formula to be used.
In accordance with Sections 3 and 4, Rule 4 of the ERC Rules, Applicant WMPC reserves the right to use the financial model and its contents as evidence, and respectfully moves for the issuance of a Protective Order.
CRF = CRFR x CC x F = = =
New Generation Mix with WMPC
1.1 Capital Recovery Fee (CRF)
Where: CRFR CC F
Further, all parties furnished copies of the present Application are not furnished copies of the documents subject the present motion.
CRF shall be computed as follows:
Efficiency Cap; 0.2464 kg/kWh 0.9855 kg/liter
Finland Producers’ Price Index for Manufacturing as of December 31, 2013 as published in the International Financial Statistics of IMF
Monthly Payments = CRF+ FOMF+VOMF +AFC+ SC+ RCEC +BCEC+Taxes = = = = = = = =
The financial model discloses the basis for the tariff under the PSA. It includes all the formulas and calculations as well as the assumptions and values considered therein.
Actual Fuel Cost (AFC)
The Monthly Payments shall be paid to the Seller on a monthly basis in accordance with the following formula:
Where: CRF FOMF VOMF AFC SC RCEC BCEC Taxes
In accordance with Section 1 (b), Rule 4 of the ERC Rules, an electronic copy of the financial model is contained in one compact disc and submitted in a sealed envelope marked with the word “Confidential.”
Effective Date. The obligations under the PSA shall become effective on the Effective Date, which shall be upon this Honorable Commission’s approval of the PSA and the pricing structure therein.
Fuel Cost; The average MOPS price of Bunker C Fuel Oil/Heavy Fuel Oil (HFO) deliveries during the period of price determination in Peso/liter
Given the foregoing, the financial model qualifies as “confidential information” as defined under Section 2, Rule 4 of the ERC Rules.
WMPC shall have the option of supplying the Contracted Capacity or any part thereof, from other sources, provided that the cost of such supply is lower than or equal to the cost of supply from the WMPC Power Plant. The cost of such alternative supply to COTELCO shall be a full pass-through cost to COTELCO.
Supply of Power Requirements. Under the PSA, WMPC shall make available, reserve, guarantee and deliver to COTELCO the contracted electric power (“Contracted Capacity”) of five (5) MW and the Dispatchable Energy, as indicated in and subject to the terms and conditions of the PSA.
FDC (Mt. Apo)
19. Salient Features of the PSA.
Also, the financial model was prepared and developed for the exclusive use of WMPC, and is designed for the specific use of the company in its power generation business. Consequently, should the financial model be disclosed to the public, it could easily. be copied or used by WMPC’s competitors or other entities engaged in the power business for their own benefit, and to the prejudice of WMPC. Thus, the commercial value of the said model will be diminished significantly.
Total AFC =FC x EC x ED
A copy of a certification on the WMPC Power Plant’s SFOC is attached hereto as Annex “J.”
The Actual Fuel Cost (AFC) is the fee paid to the Seller as payment for the procurement and delivery of the fuel oil (Bunker C) used in the operation of the WMPC Power Station. The Actual Fuel Cost shall be computed as follows:
“A trade secret is defined as a plan or process, tool, mechanism or compound known only to its owner and those of his employees to whom it is necessary to confide it. The definition also extends to a secret formula or process not patented, but known only to certain individuals using it in compounding some article of trade having commercial value. A trade secret may consist of any formula, pattern, device, or compilation of information that (1) is used in one’s business; and (2) gives the employer an opportunity to obtain advantage over competitors who do not possess the information. Generally, a trade secret is a process or device intended for continuous operation of the business, for example, a machine or formula, but can be a price list or catalogue or specialized customer list. It is indubitable that trade secrets constitute proprietary rights.”
Variable O&M Fee, in Pesos Variable O&M Fee Rate of Php 0.18/kWh kWh delivered during the billing period Consumer Price Index for Metropolitan Manila Area (National Capital Region), all items published by NEDA/NSO for the period of price determination Consumer Price Index for Metropolitan Manila Area (National Capital Region), all items published by NEDA/NSO as of December 31, 2013.
Wholesale Price Index for Mineral Fuels, Lubricants and Related Materials for the Philippines as published by NEDA/NSO as of December 31, 2013.
The specific fuel oil consumption (“SFOC”) of the WMPC Power Plant shall not be greater than 0.2464 kg/kWh at plant site condition of 32 deg. C ambient temperature, and is based on the Plant’s use of bunker C fuel oil with a density of 0.9855 kilogram/liter.
As mentioned above, the financial model attached as Annex “L” is hereby submitted under a motion to treat information confidential (“Motion”).
The Variable Operation and Maintenance Fee (VOMF) covers the cost of the use of, among other items, chemicals, lubricants and spare parts, that are directly related to the generation of the Power Station. It shall be computed according to the following formula:
Variable Operation & Maintenance Fee (VOMF)
The Generation Facilities. To supply power under the PSA, WMPC shall operate and maintain a bunker C-fired diesel power station with a total net generating capacity of 100 MW, located in Barangay Sangali, Zamboanga City (the “WMPC Power Plant”).
If ∑ED < ∑TMED,F< 1
MOTION FOR CONFIDENTIAL TREATMENT OF INFORMATION
WMPC offered to supply power to COTELCO from its 100 MW bunker C-fired diesel power generating plant located in Barangay Sangali, Zamboanga City. COTELCO evaluated the offer and, as a result, it executed the PSA with WMPC for the supply of five (5) MW of power.
If ∑ED > ∑TMED,F> 1, excess will be carried over to the next year, if the excess is attributed to an event initiated by the Buyer calling for the dispatch of the Power Station to deviate from the agreed Dispatch and Nomination Procedures (Schedule E), and which applies only on to scheduled maintenance of these generating units.
ABSTRACT OF THE POWER SALES AGREEMENT AND RELATED INFORMATION
The results of the said analysis are summarized in the table below.
If: ∑ED = ∑TMED,F = 1
Wholesale Price Index for Mineral Fuels, Lubricants and Related Materials for the Philippines as published by NEDA/NSO for the period of price determination
Under the law, no contract for the supply of power can become legally effective unless approved by this Honorable Commission. Hence, this Joint Application.
Theoretical Maximum Energy Delivered being the Contracted Capacity multiplied by the hours in the relevant month, less any adjustments made for Allowed Outage, limitation due to dispatch order, Force Majeure of the Power Station, and allowable start-up time due to period of nongeneration due to a Buyer dispatch order or an Allowed Outage, and any other hours as a consequence of Buyer’s failure to perform any of its obligations
The procurement of additional supply from WMPC will help provide much needed peaking power to COTELCO and, based on the analysis, will result in an upward adjustment of Php 0.07 /kWh in COTELCO’s total generation costs.
A summation of the ED & TMED for a given Contract Year shall be made to determine true F during the Contract Year. Such yearly F factor shall be basis for adjustment of the CRF for the Contract Year. The adjustment shall be guided by the following conditions:
In order to determine the impact of the implementation of the PSA on COTELCO’s generation costs, an analysis was conducted taking into consideration COTELCO’s projected demand and available supply from other suppliers.
Monthly Actual Energy Delivered TMED
Demand Side Management. A certification from COTELCO as regards demand side management is attached hereto as Annex “I.”
A copy of the said COC is attached hereto as Annex “S.”
Procurement Process for Supply. Thus, COTELCO executed efforts to procure the appropriate power supply.
Certificate of Compliance. This Honorable Commission has issued the necessary Certificate of Compliance (“COC”) for the WMPC Power Plant.
An affidavit supporting the foregoing is attached hereto as Annex ‘’H.”
Consumer Price Index for Metropolitan Manila Area (National Capital Region), all items published by NEDA/NSO as of December 31, 2013.
Shortage of Power Supply in the Mindanao Grid. The Mindanao Grid is currently facing a deficit in its power supply. The generating capacity in the Grid is no longer sufficient to meet the power requirements of Mindanao.
Fuel supply. In order to ensure the supply of fuel for the operations of the WMPC Power Plant, WMPC solicited offers from reputable suppliers in the area, and has contracted with the supplier which offered the best terms.
STATEMENT OF FACTS
The insufficiency in the supply of electricity is further aggravated by the recent bombings of the transmission towers in Mindanao, which prevents the delivery of the electricity. Further, the El Niño Phenomenon currently being experienced by the country has drastically reduced the power supply in Mindanao, since it is heavily dependent on hydroelectric power.
Also, the capacity to be provided by WMPC shall always be the Contracted Capacity. In case the actual capacity delivered by WMPC, as per dispatch order or limitation of COTELCO for a given billing month is less than the Contracted Capacity, the difference between the actual capacity utilized by COTELCO and Contracted Capacity for that billing month shall be deemed delivered to and utilized by COTELCO.
Furthermore, Joint Applicants have caused the publication of the present Application in its entirety, excluding its annexes, in a newspaper of general circulation within COTELCO’s franchise area.
A copy of the said accreditation is attached hereto as Annex “R.”
Copies of the newspaper and the corresponding affidavit of publication are attached hereto as Annexes “D” and “D-1,” respectively.
There is no minimum energy offtake under the PSA. As WMPC will dedicate the Contracted Capacity to COTELCO, the Capital Recovery and the Fixed Operations and Maintenance Fees are computed based on the Contracted Capacity as well as on the proportion of actual energy delivered to the energy that could have been delivered.
Environmental Compliance Certificate. The Department of Environment and Natural Resources has issued the necessary Environmental Compliance Certificates (“ECC”) covering the WMPC Power Plant. A copy of the ECC is attached hereto as Annex “Q.”
The corresponding proofs of receipt are attached hereto as Annexes “C” and series. 6.
Western Mindanao Power Corporation (“WMPC”) is a generation company duly authorized and existing under the laws of the Republic of the Philippines, with principal address at 4th Floor, Alphaland Southgate Tower, 2258 Chino Roces Ave. corner EDSA, Makati City.
Offtake Arrangement. Under the PSA, WMPC shall make available, reserve, guarantee and deliver to COTELCO the Contracted Capacity, and COTELCO shall pay for such quantity of electric power. WMPC shall utilize such Contracted Capacity to generate energy for COTELCO.
A discussion of the fuel procurement process and a copy of the fuel supply agreement are attached hereto as Annexes “P” and “P-1,” respectively.
In their Application, COTELCO and WMPC alleged the following:
If: ∑ED < ∑TMED,F < 1
NOTICE OF PUBLIC HEARING
Cotabato Electric Cooperative, Inc. (“COTELCO”) is a non-stock, non-profit electric cooperative organized and existing· under the by virtue of Presidential Decree No. 269, as amended, with office address at Manubuan, Matalam, Cotabato, Philippines. COTELCO has a franchise to distribute electricity in the City of Kidapawan and the Municipalities of Makilala, Kabacan, Carmen, Mlang, Tulunan, Matalam, Pres. Roxas, Magpet, Antipas, Arakan, Banisilan, all in the Province of Cotabato.
Breakdown of Operating and Maintenance Expenses. A breakdown of the projected operating expenses is attached hereto as Annex “O.”
If: ∑ED = ∑TMED,F = 1
ERC CASE NO. 2016-074 RC
COTABATO ELECTRIC COOPERATIVE, INC. (COTELCO) AND WESTERN MINDANAO POWER CORPORATION (WMPC),
1 2 3
Forecast energy purchased for April 2016. Based on actual energy purchased for February 2016. G. R. No. 172835, 13 December 2007.
(MS-OCT. 19/26, 2017)
CYAN MAGENTA YELLOW BLACK
PH in danger of losing equestrian gold, silver
Riera U. Mallari, Editor Reuel Vidal, Assistant Editor firstname.lastname@example.org email@example.com
By Randy Caluag
THURSDAY, OCTOBER 19, 2017
Sports Fans watch in horror as Gordon Hayward of the Boston Celtics sits on the floor after being injured while playing the Cleveland Cavaliers at Quicken Loans Arena in Cleveland, Ohio. AFP
THE Philippines is in danger of forfeiting its equestrian gold and silver medals in the recent Southeast Asian Games in Kuala Lumpur after John Colin Syquia’s horse failed a doping test conducted by the Federation Equestra Internationale (FEI). The international governing body for the sport recently announced that Syquia was provisionally suspended, together with his mount, Adventure E, which tested positive for clomethiazole, a prohibited substances on FEI’s list. Under the FEI doping policy, the rider or the Person Responsible (PR) is “automatically provisionally suspended from the date of notification. The horse, which tested positive for banned substance, is suspended for two months.” Syquia won the gold in the men’s individual showjumping event and teamed up with Antoinette Leviste, Joker
Hayward’s gruesome injury overshadows Cavs’ triumph W
ASHINGTON—Boston’s Gordon Hayward suffered a gruesome broken left ankle injury barely five minutes into the new NBA season Tuesday, overshadowing the Cleveland Cavaliers’ 102-99 victory in Kyrie Irving’s homecoming. Hayward, the former Utah star who signed a four-year deal with the Celtics worth $128 million in the off-season, was stretchered off the court following a horrific injury that stunned players on both clubs. Hayward landed hard 5:15
Gamolo, Magcalayo gain lead in Pro-Am LIPA City, Batangas— Jelbert Gamolo and Jolo Magcalayo closed out the way they started—in scorching fashion—as they shot a four-under 68 to force a tie with the Raymond Gonzales-Iñigo Raymundo pair in the second round of the ICTSI National Pro-am Open at the Mt. Malarayat Golf and Country Club here yesterday. Gamolo and Magcalayo rattled off three straight birdies to open their bid on No. 7 of Mt. Lubo then checked a rollercoaster ride with back-to-back birdies from No. 5 as they rebounded from an opening 74 with a 32-36 card for a two-under 142. Gonzales and Raymundo actually threatened to pull away with a solid start from No. 11, which they birdied then added four more birdies in the next six holes that thrust them into the lead despite a first round 73. But they fumbled with two bogeys at the front, recovered the strokes with a pitch-in eagle on the par-4 No. 7 but made a double-bogey on the par-5 No. 9 for a 38-31-69. Tonton Asistio and Jude Eustaquio wavered with a 73 after a 72 but remained in the hunt for the top P360,000 purse (pro) and trophy and gift prizes (amateur) with a 145 heading to the final 18 holes of the P2 million championship sponsored by ICTSI and organized by Pilipinas Golf Tournaments, Inc.
into the game after a leaping cut to the basket trying to catch an alley-oop pass from Irving, the ex-Cavaliers point guard who asked in the off-season to be traded and was sent to Boston. Cleveland superstar LeBron James tried to break up
the play. Hayward, 27, was caught in the air and when he landed, his left leg twisted unnaturally, his ankle turned at a grotesque angle. Boston teammates huddled, clearly shocked at the mishap, and the Cavaliers were taken aback as well, their home arena falling silent as doctors began examining Hayward. A standing ovation followed when Hayward was stretchered off with his left leg immobilized from foot to thigh, sitting up
on the stretcher as he was carried off. After he was examined by medical staff of both teams, the Celtics said he had been diagnosed with a broken ankle and would be flown back to Boston after the game. “You hurt for him,” Celtics coach Brad Stevens said. “He’s put in a lot of great work and I thought he had his most comfortable week as far as feeling like he was going to play really well. “Now, hopefully we
get a full recovery and it’s a tough deal, but I guess that’s part of it, the risk of injury.” Rookie Jayson Tatum added: “We prayed. We prayed for him, for his health, and we just told each other we have to keep pushing.” The injury cast a pall on the much-anticipated start to the NBA’s 72nd season. The pre-game spotlight focused on Irving and his return to Cleveland after being sent to Boston for
Celtics point guard Isaiah Thomas and forward Jae Crowder, joining Cleveland’s other new faces, former NBA Most Valuable Players Derrick Rose and Dwyane Wade. ‘Something drastic’ “It’s not a great sight to see,” Irving said, while Rose called it a “weird feeling”. “You know something drastic just happened like that,” Rose said. “We’ve still got to go out there and play.” AFP
Tornadoes coach sees good competition in PSL By Peter Atencio WITH American import Lindsay Stalzer playing for another team, the Foton Tornadoes will have three seasoned imports from Eastern Europe, who will play for them when the 2017 Chooks to Go Philippine Super Liga Volleyball Grand Prix gets going this Saturday. Six-foot-two Serbian spiker Sara Klusic, Montenegro standout Dragana Perunucic and Serbian libero Katrina Vukamanovic will spice up the Tornadoes with their presence in the import-laden spikefest. “This is very good competition. Better than before,” said Tornadoes coach Moro Branislav
during yesterday’s press conference at the Viking’s restaurant of the Mall of Asia in Pasay City. The Tornadoes will take on the Cignal HD Spikers in their opening game at 6 p.m. at the FilOil-Flying V Center in San Juan. Stalzer helped the Tornadoes win two titles over the last two seasons of the Grand Prix before leaving and becoming a part of the 2016 Finnish League championship team of HPK Naiset. She later joined the 2017 Indonesian Proliga under the Jakarta Elektrik PLN. This time, she is back, but will play for Petron XCS with Hillary Hurley of the United States and Yuri Fukuda of Japan as libero. Nine teams are joining
Coaches and players of the coming PSL conference are shown here. Lino Santos
this season with Cignal, Cocolife, F2 Logistics, Generika Ayala and the Sta. Lucia Lady Realtors, as among the regular entries. There will be guest teams, including the Iriga Oragons and the University of Santo Tomas Tigresses,
who are preparing for the coming season of the University Athletic Association of the Philippines. Cignal, a defensiveminded squad, will be seeing action with middle blockers Beth Carey of Australia and Alexis Mat-
thews of United States and libero Mami Miyashita of Japan. F2 Logistics will have Kennedy Bryan of United States and former Olympian Maria Jose Perez of Venezuela as their foreign reinforcements. On the other hand, Generika-Ayala will have Katarina Pilepic of Croatia, Penina Snuka of Hawaii and returning Darlene Ramdin, who is known for helping Trinidad and Tobago claim a slot to the 2018 FIVB World Championship in Japan. Canadian national team members Marisa Field and Kristen Moncks, together with Ukrainian Bodhana Anisova will play for Sta. Lucia.
Malaysia opens 2-shot lead vs PH in ASEAN Senior Golf GENERAL TRIAS, Cavite—Malaysia, riding on Idris Ngah’s hot round, stole the thunder from host Philippines as it pooled a 236 to wrest a two-stroke lead in the 34th Asean Senior Amateur Golf Championships at Eagle Ridge Golf and Country Club here yesterday. Just as the Filipinos and the rest struggled at the long Aoki course, Ngah shot four birdies against three bogeys to post a day’s-best one-under 71 and put the Malaysians ahead of Phl in the Stroke Play team gross
competition with a 236 total. Dato’ Dzaamoddin Salleh also counted for Malaysia with a 79 while Datuk AS Khamis added an 86. Defending champion Philippines opened with a 238 aggregate, led by Rodel Mangulabnan’s 76. Edgar Quiao chipped in 77 and Eduardo Sison submitted an 85 while Ed Manzanares, one of the country’s top guns, struggled with an 88 and didn’t count. Brunei ranked third after Day One with 247 with Chris Tay’s 79
as anchor, followed by Thailand (249), and Singapore (253). “The course is very long and the greens are hard to read,” said Mangulabnan, who opened with a four-over at the front but recovered with pars in the last nine holes. “I usually hit better than this; I just struggled in putting today,” added Mangulabnan, who had three threeputts at the front. The field also found the Aoki’s length a bit long as organizers used
the gold tees in compliance with the required 6,400 yardage. The Filipinos, meanwhile, seek to recover and make their move in the second round today as action shifts to the adjacent Norman course. “It’s just a two-stroke difference; we have a very good chance to come back as we expect our top guns like Sison and Manzanares to deliver their usual numbers tomorrow (today),” said Lino Magpantay, who himself shot an 83 in the Stroke Play Team Net competition.
Pirates gun for historic sweep
FPASGI president Melito Salazar Jr. makes the ceremonial drive during the 34th ASEAN Senior Amateur Golf Championships.
LYCEUM of the Philippines University guns for a historic elimination-round sweep, while San Beda College seeks to prevent it as the they face off today in what could be a sneak preview of the finals of the 93rd NCAA basketball tournament at the Filoil Arena in San Juan City. The Pirates, who have won their first 17 games,
Games today (Filoil Arena, San Juan) 12 nn.- LPU vs SBC (jrs) 2 p.m.- LPU vs SBC (srs) 4 p.m.- SSC-R vs UPHSD (srs) 6 p.m.- SSC-R vs UPHSD (jrs)
are one win away from completing a historic 18game elimination-round sweep that will catapult them straight to best-ofthree finals, while send-
ing the Lions, who own a 16-1 record, at No. 2 where they would need to endure the unpredictability of the stepladder semis. Gametime is at 2 p.m. A sweep will be another first of the many breakthroughs accomplished by LPU in what should be the most magical season for them since joining the league six years ago.
Arroyo and Sophia Chiara Amore for the silver medal finish in the showjumping team event in equestrian. There’s no official word from the Southeast Asian Games Federation as to the status of Syquia’s victory, although in previous cases, forfeiture of medals in the biennial games were doping-related. The Philippines finished with a total haul of 24 gold medals, 33 silver and 64 bronze medals for sixth place overall, its worst finish in 18 years in the biennial games. The Philippines had a dismal 20-gold output in the 1999 Brunei SEA Games. And now the Philippines is facing the prospect a losing a gold and a silver. “That’s sad news for us, but hopefully, the president of the (Philippine) equestrian federation will be on top of the situation,” said Philippine Sports Commissioner Mon Fernandez, when informed of the development during the PSC-POC Sports Chat on Wednesday.
44 bets join PBA Draft By Jeric Lopez A TOTAL of 44 hopefuls enlisted themselves in the upcoming Philippine Basketball Association Draft. In the official list provided by the league after last week’s deadline of application, there will be a handful of notable aspirants looking to break into the big league. Amateur standouts Christian Standhardinger, Kiefer Ravena and Jeron Teng are the most highly-touted names in the initial list. Quality players like FilipinoAmericans Davon Potts and Jason Perkins, national team member Raymar Jose and Rey Nambatac are also expected to make noise. Notably missing from this year’s class are Bobby Ray Parks Jr. and Robert Bolick, two prolific do-it-all cagers, who chose to focus first on their amateur careers. The last player to submit an application was Louie Vigil, an intriguing prospect from the University of Santo Tomas. The 2017 PBA Draft is set on Oct. 29 at the Robinson’s Place Manila.
Falcons trounce Warriors, 66-57 Games Saturday (Araneta Coliseum) 2 p.m. Adamson vs La Salle 4 p.m. FEU vs Ateneo
THE University of the East Warriors had another bad day yesterday the Mall of Asia Arena. Two players went down with sprained feet in the fourth period and the Warriors missed easy baskets, allowing the Adamson Falcons to post a 66-57 win in the 80th University Athletic Association of the Philippines men’s basketball tournament. Adamson claimed its sixth win in nine games, while UE has a 2-7 win-loss card. Six offensive errors by the Warriors in the last three minutes, kept UE from lowering Adamson’s advantage below five points. Nick Abanto put the Warriors within range, 54-59, with his drive in the last 5:52. But things went bad for UE afterwards, as Abanto hurt his foot during another attack to the hoop. Abanto left the court a few minutes after JC Cullar exited with a similar injury on a similar sprint for a quick basket. Peter Atencio
LOTTO RESULTS 6/55 00-00-00-00-00-00 6/45 00-00-00-00-00-00 4 DIGITS 0-0-0-0 3 DIGITS 0-0-0 2 EZ2 0-0
P0 M+ P0 M
Busan eyes arbitration tack B3
Espenilla wants to cut banks’ reserves BANGKO Sentral ng Pilipinas Governor Nestor Espenilla Jr. on Wednesday disclosed a plan to reduce the reserve requirement ratio of banks to a single digit from the present 20 percent, one of the highest in the world. Espenilla, however, said the cut must be done in phases and not in one “giant reduction.” “The reserve requirement is something that I would like to see personally go down to single digit. But there is a game plan for it. Our game plan is to do it in stages... ,” Espenilla said at the sidelines of the Philippine Business Conference at Manila Hotel Wednesday. He said the exit from high reserve requirement could avoid too much liquidity in the system that the economy was unable to absorb. Espenilla said the Bangko Sentral was closely monitoring a number of things, including the domestic liquidity or the money supply circulating in the ﬁnancial system. “We are also embarking on a major capital market development” which, he said, could be an effective venue for absorbing the excess liquidity in the system. Reserve requirement, also called cash reserve ratio, is a regulation used by most, but not all of the world’s central banks that sets the minimum fraction of customer deposits and notes that each commercial bank must hold as reserves rather than lend out. The current reserve requirements in the Philippines stand at 20 percent for universal and commercial banks, 8 percent for thrift banks and 5 percent for rural banks. The policy-setting Monetary Board on Sept. 21 kept the reserve requirements, along with the policy rates, steady because of manageable inﬂation environment and robust economic growth. Bangko Sentral Deputy Governor Diwa Guinigundo said earlier the introduction of the term deposit auction facility under the interest rate corridor system would “allow us to depend less on reserve requirement.” Julito G. Rada
Ray S. Eñano, Editor Roderick T. dela Cruz, Assistant Editor firstname.lastname@example.org email@example.com THURSDAY, OCTOBER 19, 2017
DONATION TO MARAWI. The
Department of Trade and Industry turns over sewing machines to help Marawi’s internally displaced persons restart their business and earn even while still in evacuation centers. At the turnover of sewing machines are Trade Undersecretary Zenaida Maglaya (front row, third from right), DTI-Northern Mindanao regional director Linda Boniao (second from right), Lanao del Sur Governor Soraya Alonto-Adiong (third from left) and Negosyo Center manager Jasnia Adiong Sheikrashid (right), along with the women of Marawi.
Bangko Sentral ng Pilipinas Wednesday, October 18, 2017
F OREIGN E XCHANGE R ATE Currency
US Dollar Peso
United States Dollar
1.6995 Source: PDS Bridge
Govt readies ‘patriotic’ bond sale By Julito G. Rada
HE government will issue the so-called “patriotic bonds” in January next year to raise funds for the rehabilitation and reconstruction of war-torn Marawi City in Mindanao, Budget Secretary Benjamin Diokno said Wednesday.
“As far as the Marawi bonds is concerned, we [will] probably do it sometime next year or early January,” Diokno said. “We are still ﬁnalizing the speciﬁcs and the terms of the bonds,” Diokno said. Finance Secretary Carlos Dominguez III ﬂoated in August the idea of issuing
the bonds, possibly worth P30 billion, to ﬁnance the rehabilitation of Marawi. Dominguez said he had ordered the Treasury to study the possible issuance of the debt securities. He said the bonds would appeal to those citizens who would like to help rebuild the lives of their fellow Filipinos in Marawi. “These are what you would call patriotic bonds to help augment the funds that the government has set aside for Marawi’s rehabilitation,” Dominguez said at a recent meeting of Finance’s executive committee. He made the statement even as the Senate adopted Senate President Aquilino Pimentel III’s proposed resolution calling for the creation of a special committee
that would focus on rebuilding Marawi. Pimentel said the extent of the damage sustained by Marawi and the large number of displaced citizens because of the rebellion required a well-coordinated, large-scale rebuilding effort on the part of the government. Dominguez asked National Treasurer Rosalia de Leon to study the tenor or length of maturity of the bonds, which could possibly be for 20 years. Diokno earlier said the government would release at least P15 billion to rehabilitate Marawi in the next two years. The allocations would form part of the proposed budget of the Marawi reconstruction master plan spearheaded by the Department of Public Works and Highways.
Diokno said the initial fund of P5 billion for 2017 would be sourced from the 2016 and 2017 National Disaster Risk Reduction and Management Council fund, with a combined remaining balance of around P7.4 billion, and the 2017 contingent fund with a balance of almost P3.35 billion. President Rodrigo Duterte also formalized the creation of an inter-agency task force dedicated to the recovery, reconstruction and rehabilitation of Marawi. Duterte signed Administrative Order No. 3 on June 28 to create Task Force Bangon Marawi, with Defense Secretary Delﬁn Lorenzana as chairman and Public Works Secretary Mark Villar as vice chairman.
Okada Manila operator still studying IPO plan
Smart beats rival in terms of LTE speed
By Jenniffer B. Austria TIGER Resort Leisure & Entertainment Inc., the operator of integrated casino and resort Okada Manila, is reviewing plans to hold an initial public offering, its parent company in Japan said Wednesday. Universal Entertainment Corp. owned by Japanese gaming and pachinko mogul Kazuo Okada said: “At present the company is reviewing the possibility of an IPO for TRELI and we will disclose promptly if any such plan is decided and materialized.” Universal Entertainment said in statement posted on its website that it was not aware of any plan to acquire a Philippines-based listed ﬁrm for possible backdoor listing. Reports came out early this week that Okada was considering the possibility of acquiring listed Bright Kindle Resources and Investments Inc. for the prospective backdoorlisting of its casino venture. “There was an overseas media coverage stating that Mr. Kazuo Okada, former chairman and director of Universal Entertainment Corp., will acquire the management rights of a list company to merge Okada Manila, an integrated casino resort project of the company, into the company. However the company is not aware of any such actions by him,” Universal Entertainment said. Okada Manila, which opened in late 2016, is a $2.4-billion integrated gaming and resort development at Entertainment City in Parañaque.
IN BRIEF Most startups aspire for IPO
A RECENT study shows that Filipino startups plan to hold an initial public offering as a tool to tap new markets within and outside the Philippines. Results of the 2017 Philippine Startup Survey also showed that Filipino startups wanted to make their businesses sustainable through improved tax incentives, greater ease in doing business and better access to capital. Other ﬁndings will be unveiled during Slingshot Asean: Startup and Innovation Summit on Oct 20. at Philippine International Convention Center in Manila. The survey, conducted by Isla Lipana & Co./PwC Philippines in partnership with QBO Philippines, the country’s ﬁrst public-private initiative for startups formed in 2016, was an initiative of Ideaspace Foundation Inc., one of the founders of QBO Philippines. The report said 35 percent of the respondents launched their startups in 2016 while 19 percent launched in 2017. Among the startups, 43 percent were in the pre-revenue phase, while 37 percent had annual revenues below P2 million. When they were starting their businesses, the top challenges they faced were capital requirements, regulatory requirements and general economic/business conditions. About 63 percent planned to raise equity ﬁnancing to ﬁnance their growth. Of this, 43 percent were planning to raise less than $1 million in the next three to ﬁve years, while 27 percent were planning to raise between $1 million and $3 million. A big portion of the start-ups, at 94 percent, were planning to welcome an investor in the next three years. Othel V. Campos
Napocor taps Japan technology
STATE-OWNED National Power Corp. signed a memorandum of understanding with Japanese company Challenergy to deploy Magnus Vertical Axis Wind Turbine technology in remote areas. “If proven feasible after testing, NPC believes that the technology can help reduce its missionary power plants’ dependence on diesel fuel,” Napocor said in a statement.
The technology was invented by Challengery president Atsushi Shimizu. “This will also be more advantageous to the islands since they are often hit by typhoons or suffer from inclement weather conditions,” Napocor said. The Challenergy team is set to visit NPC plants in Palumbanes in Catanduanes and Naro in Masbate. Napocor has been eyeing renewable energy hybrid systems in its missionary electriﬁcation program to lower the subsidy rates of the Small Power Utilities Group plants in the country. The company earlier conducted capacity development training on renewable energy in partnership with the Industrial Technology Research Institute of Taiwan focusing on solar PV-Diesel Hybrid System. Alena Mae S. Flores
BOI clears Malunggay project
THE Board of Investments said it approved the application of Mausway Agribusiness Inc. as a new export producer of powdered moringa made from malunggay in pursuit of the government’s thrust to support innovative, rural and agro-industrial development. The P36.4-million project qualiﬁes for incentives under the Investment Priorities Plan which covers production/manufacture of non-traditional export products with an export requirement of at least 50 percent (if Filipino-owned) and at least 70 percent (if foreign-owned). Commercial operation in the ﬁrm’s facility in Curry, Pili, Camarines Sur started in April 2017 with 56 personnel in its initial year. The ﬁrm, which has a registered annual production capacity of 49,500 kilos, expects its personnel to expand to 98 workers by the ﬁfth year of operation. The integrated facility involves the planting of Moringa oleifera and processing it into powder form. The moringa powder will then be sold to domestic markets such as pharmaceutical companies, natural health products manufacturers, bakeries and supermarkets and exported to Japan, South Korea, the United States and Europe. “Malunggay and its related products have great potential to be in demand locally and abroad considering it has attracted the attention of doctors and scientists around the globe due to its high nutritional traits. It is also one of the driving forces in the growing herbal market,” Trade Undersecretary and BoI Managing Head Ceferino Rodolfo said.
By Darwin G. Amojelar
EVA AIR AT CLARK. Clark International Airport Corp. president and chief executive Alexander Cauguiran (left) welcomes Eva Air station manager Michael Lee (right) and maintenance manager Vincent Chu (center) during their visit to CIAC. Cauguiran presented the latest developments at Clark International Airport before touring the group around the airport. Negotiations between executives of CRK, touted as Asia’s next premier gateway, and Eva Air officials are ongoing for possible Clark-Taipei flights. EVA Air is Taiwan’s second largest international airline rated five-star by Skytrax and based at Taiwan’s Taoyuan International Airport in Taipei.
Govt eyes US grant for tax academy THE Finance Department plans to tap a grant from the United States to establish the Philippines’ ﬁrst tax academy that will serve as a training institution to provide revenue ofﬁcials and employees professional education on improving tax collection competence and efﬁciency. Finance Secretary Carlos Dominguez III said in a statement he pitched the project in a recent meeting in Washington D.C. with David Malpass, the US Undersecretary of the Treasury for International Affairs. Dominguez told Malpass that the Philippine Tax Academy, which the DOF planned to set up in January, would be a long-term initiative in professionalizing the Bureaus of Internal Revenue and of Customs. “Both [agencies] are under me and we’re doing short-term things but really, in the long term, we need better skills, better ethics,”
Dominguez said of the planned tax academy project during the meeting with Malpass. The ﬁnance chief also brieﬂy discussed the DOF’s tax academy project in a recent forum in Washington organized by US think tank Center for Strategic and International Studies. Dominguez said a previous US grant that aimed to improve business processes and revenue collections in the BIR was partly instrumental in the success of the Philippines’ recent effort to collect the largest sum of taxes ever from a single corporate entity. “The assistance to us really bore fruit. Because of the help they gave us in improving the skills of the BIR in analyzing data, we were able to nail the largest tax-fraud case in history. We collected $600 million recently from a cigarette company that was cheating on taxes, and I said to some
extent that’s due to the help of the US,” Dominguez said at the CISS forum. He was referring to Mighty Corp., which promptly offered to settle its tax liabilities and shut down its operations after the BIR had lodged three criminal complaints against it over the use of counterfeit tax stamps. Dominguez said the government stood to gain almost P40 billion in additional revenues from the “sin” tax on tobacco products starting 2018, following the move by Mighty Corp. to settle its tax liabilities, close shop and sell its assets to Japan Tobacco Inc. Dominguez said the planned tax academy would not involve any construction of new buildings but would focus on training revenue and customs ofﬁcers to improve their efﬁciency and competencies in tax matters. Julito G. Rada
SMART Communications said Wednesday it continues to lead the industry in terms of long-term evolution speeds due to its network expansion and modernization program. Smart, citing the latest regional results by wireless coverage research ﬁrm OpenSignal, said it posted LTE speeds of 11.7 megabits per second in Mindanao, compared to rival Globe Telecom’s 6.4 Mbps and 12.4 Mbps in Metro Manila versus Globe’s 7.8 Mbps. Smart said that in North Luzon, in posted LTE speed of 8.3 Mbps compared to Globe’s 6.6 Mbps and South Luzon at 9.3 Mbps versus Globe’s 6.8 Mbps. Smart posted average download speeds of 7.1 Mbps in the Visayas. OpenSignal noted that Smart’s 4G availability score was much higher in Metro Manila compared to the national average, with Smart’s Metro Manila’s 4G availability at 67.5 percent―15 points higher than the national score. “The latest OpenSignal results show that where we have LTE, we deliver the fastest speeds, and we are rapidly expanding our network’s reach to make this available to more Filipinos, starting with urban hubs like Metro Davao, Metro Cebu and Metro Manila, where there is a signiﬁcant concentration of LTE device users, ” PLDT Group chief revenue ofﬁcer Eric Alberto said. “Through our network improvement efforts, PLDT and Smart are leading the way to improving internet and digital services for Filipinos all over the country to make the best mobile data experience more accessible to our customers,” Alberto said.
THURSDAY, OCTOBER 19, 2017 firstname.lastname@example.org
Market retreats; PLDT advances
TOCKS retreated Wednesday, tracking the movement of Asian markets as eyes turn to a key meeting of China’s leadership and investors await the next catalyst.
The Philippine Stock Exchange index, the 30-company benchmark, fell 66 points, or 0.8 percent, to close at 8,431.73, as all six major sectors declined on proﬁt taking. The heavier index, representing all shares, also dropped 34 points, or 0.7 percent, to settle at 4,924.46, on a value turnover of P9.3 billion. Losers outnumbered gainers, 138 to 72, while 35 issues were unchanged. Only three of the 20 most active stocks ended in the green, led by PLDT Inc. which rose 2 percent to P1,700. BDO Unibank Inc., the largest lender, gained 0.9 percent to P144.80, while Jollibee Foods Corp. picked up 0.4 percent to P246. Meanwhile, the Dow and S&P 500 closed
at new all-time highs following solid results from big ﬁrms including Johnson & Johnson and Goldman Sachs, which reinforced conﬁdence across trading ﬂoors. However, some analysts are warning of a retreat before the end of the year, with Goldman citing the fate of Donald Trump’s tax plan as key. Hong Kong was slightly down in the afternoon following four days of gains that have left it at a 10-year high, while Sydney and Wellington were both marginally higher. Tokyo ended up 0.1 percent at another 21year high—its 12th straight gain—but Seoul dropped 0.1 percent and Taipei and Jakarta also turned negative. In early European trade, London and Frankfurt each rose 0.2 percent while Paris was 0.1 percent higher. Shanghai edged up 0.3 percent. Chinese dealers are watching Beijing, where the Communist Party on Wednesday kicked off its once-a-decade congress to hand Xi Jinping a second ﬁve-year term, consolidating his
already immense power at the helm of the world’s number-two economy. Markets are hoping the leadership provides some idea about future policy, particularly in tackling the country’s titanic debt mountain and possible further liberalization. On currency markets, the dollar extended its gains against its major peers. The pound was down on Brexit uncertainty and fading expectations of a Bank of England interest rate hike, despite inﬂation hitting a more than ﬁve-year high. The euro is also struggling from the crisis in Spain after Catalonia’s unofﬁcial independence referendum that has fanned worries about one of the eurozone’s biggest economies. However, the Mexican peso rose 1.5 percent, rebounding from losses stemming from news that talks on reforming the North American Free Trade Agreement with Canada and the United States had been pushed into 2018 owing to disagreements between the three. With AFP, Bloomberg
Cirtek plans to raise sales to $1b in the medium term By Jenniffer B. Austria TECHNOLOGY company Cirtek Holdings Philippines Corp. aims to become a $1-billion company in terms of annual revenues and plans to list recently acquired US-based unit Quintel with the New York Stock Exchange over the next two to three years, a top executive said Wednesday. Cirtek vice chairman and president Roberto Juanchito Dispo said in a news brieﬁng Quintel was on expansion mode with a plan to grow its market share in the US to
MANILA STANDARD BUSINESS DAILY STOCKS REVIEW WEDNESDAY, OCTOBER 18, 2017
NET FOREIGN BUYING/(SELLING), PHP
FINANCIALS 4.51 28,000 59.5 20,380 97.5 2,754,320 3.93 32,000 144.8 3,009,740 2.54 3,120,000 33.3 497,100 9.03 800 16 2,400 31.5 785,800 8.26 900 0.65 27,000 1.82 29,000 905 450 0.65 4,518,000 89.7 1,530,580 0.83 746,000 12.9 1,400 58.1 228,220 240 690 109.2 390 57.3 1,762,160 261 379,280 1,920 135 86.5 51,570 1.26 72,000
126,580 1,207,285 268,009,016 125,820 430,432,363 8,117,640 16,643,130 7,242 38,386 24,968,460 7,434 17,550 52,080 412,250 2,944,210 137,779,823 628,090 18,060 13,304,680 165,230 43,010 101,875,842 99,122,384 259,200 4,465,897.50 92,020
1,087,483 -88,394,645.50 24,883,960 15,390 5,899,495 3,796,250 29,250 -44,233,079 -145,300 3,697,782.50 21,546 -21,090 38,394,610.50 23,605,336 -2,684,137 -
41.05 10.72 0.75 1.36 18.86 0.212 110 4.97 15.2 43.9 18.5 64 70 1.9 6.2 11.42 10.12 14.72 12.8 6.97 5.64 18 65.5 16.14 12.34 19.1 1.76 242 58.5 4.58 3.23 31.4 19.84 16.2 285 0.21 10.3 2.93 6.5 9.78 5.8 9.9 1.73 10.9 65.9 6.4 307 4.68 4.69 2.18 13.1 4.6 0.141 1.18 144.1 3.34 2.08 0.96
INDUSTRIAL 42.15 482,100 11.2 2,491,300 0.75 1,084,000 1.38 801,000 19.26 22,100 0.218 1,150,000 113 480 4.98 17,215,500 15.22 1,137,800 44.5 548,100 18.5 6,200 64.05 14,590 70 6,740 1.91 181,000 6.26 57,800 11.42 6,400 10.12 2,436,900 14.78 859,500 12.9 111,400 7 4,359,000 5.68 5,216,400 18.1 1,894,000 65.65 188,220 16.2 161,500 12.34 41,100 19.12 2,911,100 1.77 968,000 246 581,580 58.5 100 4.89 799,000 3.27 11,000 31.75 821,700 19.84 104,600 16.36 1,055,900 288 261,720 0.21 2,470,000 10.5 48,500 2.99 3,444,000 6.5 80,700 9.89 3,885,700 5.8 96,300 9.9 600 1.75 1,596,000 11.1 233,300 66 135,220 6.4 5,000 310 18,130 4.75 289,000 4.69 40,000 2.18 3,114,000 13.22 365,700 4.69 3,000 0.141 2,200,000 1.2 303,000 144.3 2,542,150 3.44 10,000 2.11 2,926,000 0.96 112,000
20,068,935 27,583,836 813,000 1,096,150 420,760 246,520 53,340 85,819,919 17,315,122 24,563,270 115,312 936,667 471,961 344,830 364,545 73,374 24,905,016 12,702,792 1,444,844 30,481,872 29,536,801 34,231,096 12,389,161 2,646,342 509,304 56,440,628 1,710,890 141,815,784 5,850 3,857,160 35,640 26,199,675 2,080,818 17,263,532 75,239,834 519,110 502,446 10,295,440 527,241 38,266,667 558,860 5,940 2,777,560 2,592,242 8,946,954 32,000 5,613,150 1,359,430 188,260 6,969,310 4,868,354 13,980 310,300 363,240 370,067,690 33,500 6,139,760 107,520
-4,158,070 1,524,490 61,200 31,950 281,688 1,045,062 -319,430 410,340.50 -6,260 -18,172,854 1,547,918 -206,174 -18,147,142 -10,851,036 -12,283,854 -6,295,276.50 -372,000 -10,447,284 10,620 19,580,412 -51,050 -2,158,105.00 571,608 1,527,456 12,864,222 146,450 10,010,637 -5,940 1,740,300 -22,600 2,317,883 -4,808,300 -2,355,570 1,121,166 -57,661,915 -30,060 -289,760 -
0.34 74 15.82 1 6.97 0.415 0.415 1,061 8.4 15.52 7.58 5.09 0.197 1,230 8 74.6 4.2 5.04 0.82 5.74 17.26 6.75 0.051 1.64 2.08 2.65 100 947 0.85 1.43 290.2 0.28 0.19
HOLDING FIRMS 0.345 1,770,000 74.85 626,330 15.86 11,074,700 1.03 523,000 6.99 6,100 0.44 42,790,000 0.435 20,340,000 1,070 953,345 8.45 1,002,300 15.84 2,826,100 7.76 9,700 5.09 1,700 0.197 80,000 1,236 230,190 8 500 76.3 1,217,360 4.2 11,000 5.04 500 0.83 935,000 5.8 534,500 17.32 1,264,700 6.81 15,570,800 0.052 15,120,000 1.77 14,567,000 2.09 537,000 2.65 20,000 103 676,800 964 275,940 0.85 260,000 1.44 800,000 299 7,540 0.28 30,000 0.19 50,000
AG FINANCE ASIA UNITED BANK PH ISLANDS BDO LEASING BDO UNIBANK BRIGHT KINDLE CHINABANK CITYSTATE BANK COL FINANCIAL EAST WEST BANK FILIPINO FUND FIRST ABACUS IREMIT MANULIFE MEDCO HLDG METROBANK NTL REINSURANCE PB BANK PHIL NATL BANK PHIL STOCK EXCH PHILTRUST RCBC SECURITY BANK SUN LIFE UNION BANK VANTAGE
4.53 59 98.1 3.94 143.6 2.69 33.8 9.12 15.98 32.25 8.26 0.65 1.81 935 0.67 92 0.85 12.9 58.25 240 110 57.2 266.8 1,920 86.9 1.29
4.53 59.5 98.3 3.94 145 2.72 33.8 9.12 16.1 32.25 8.26 0.65 1.82 935 0.67 92 0.86 12.9 58.55 240 111 59.6 266.8 1,920 86.9 1.3
4.51 59 96.2 3.93 141.7 2.52 33.3 9.03 15.98 31.5 8.26 0.65 1.71 900 0.64 89.05 0.83 12.9 58.1 239 109.2 56.75 258 1,920 86.5 1.26
ABOITIZ POWER AGRINURTURE ALLIANCE SELECT ALSONS CONS ASIABEST GROUP BASIC ENERGY BOGO MEDELLIN CEMEX HLDG CENTURY FOOD CIRTEK HLDG CNTRL AZUCARERA CONCEPCION CONCRETE A CROWN ASIA DAVINCI CAPITAL DEL MONTE DNL INDUS EAGLE CEMENT EEI CORP EMPERADOR ENERGY DEVT FIRST GEN FIRST PHIL HLDG GINEBRA HOLCIM INTEGRATED MICR IONICS JOLLIBEE LIBERTY FLOUR LMG CHEMICALS MABUHAY VINYL MANILA WATER MAXS GROUP MEGAWIDE MERALCO MG HLDG PANASONIC PEPSI COLA PETROENERGY PETRON PHIL H2O PHINMA PHINMA ENERGY PHX PETROLEUM PILIPINAS SHELL PRYCE CORP PUREFOODS RFM CORP ROXAS HLDG SFA SEMICON SHAKEYS PIZZA SPC POWER SWIFT FOODS TKC METALS UNIV ROBINA VICTORIAS VITARICH VULCAN INDL
41.6 10.92 0.75 1.38 19.26 0.221 113 4.99 15.22 44 19 66.95 70.25 1.9 6.45 11.64 10.28 14.8 12.9 7.05 5.73 18.16 66 16.62 12.4 19.98 1.78 245.2 58.5 4.69 3.23 32.05 19.94 16.3 286 0.211 10.38 2.99 6.68 10 5.81 9.9 1.77 11.3 66.8 6.4 310.8 4.68 4.7 2.29 13.38 4.6 0.142 1.23 147 3.34 2.1 0.96
42.15 11.22 0.75 1.38 19.28 0.221 113 5 15.32 45.5 19.8 66.95 70.5 1.92 6.45 11.64 10.36 14.82 13.2 7.05 5.73 18.16 66 16.9 12.4 20 1.78 246 58.5 5.05 3.27 32.05 19.94 16.52 289 0.214 10.5 2.99 6.68 10 5.99 9.9 1.77 11.3 67 6.4 310.8 4.75 4.74 2.34 13.46 4.69 0.142 1.24 147.8 3.44 2.11 0.96
ABACORE CAPITAL ABOITIZ EQUITY ALLIANCE GLOBAL ANGLO PHIL HLDG ANSCOR ATN HLDG A ATN HLDG B AYALA CORP COSCO CAPITAL DMCI HLDG FILINVEST DEV FJ PRINCE A FORUM PACIFIC GT CAPITAL HOUSE OF INV JG SUMMIT JOLLIVILLE HLDG KEPPEL HLDG A LODESTAR LOPEZ HLDG LT GROUP METRO PAC INV PACIFICA PRIME MEDIA PRIME ORION REPUBLIC GLASS SAN MIGUEL CORP SM INVESTMENTS SOC RESOURCES SOLID GROUP TOP FRONTIER UNIOIL HLDG WELLEX INDUS 8990 HLDG A BROWN ANCHOR LAND ARANETA PROP ARTHALAND CORP AYALA LAND BELLE CORP CEB LANDMASTERS CEBU HLDG CEBU PROP A CENTURY PROP CITY AND LAND CITYLAND DEVT CROWN EQUITIES CYBER BAY DOUBLEDRAGON EMPIRE EAST EVER GOTESCO FILINVEST LAND GLOBAL ESTATE
0.35 75 16.38 1.06 6.97 0.42 0.42 1,088 8.5 16.2 7.58 5.09 0.197 1,250 8 76.95 4.76 5.04 0.84 5.89 17.5 6.92 0.053 1.64 2.09 2.65 101 990 0.85 1.43 299.8 0.28 0.19 4.89 1.16 8.2 2.34 1.03 43.2 3.85 4.97 5.25 5.52 0.51 1.23 1.25 0.203 0.475 42 0.68 0.143 1.97 1.58
0.35 75 16.38 1.06 6.99 0.45 0.445 1,088 8.5 16.2 7.76 5.09 0.197 1,255 8 76.95 4.76 5.04 0.84 5.89 17.5 6.92 0.054 1.98 2.09 2.65 103 990 0.85 1.44 300 0.28 0.19 4.96 1.17 8.69 2.4 1.04 43.2 3.85 5 5.39 5.82 0.52 1.26 1.27 0.206 0.475 43.3 0.69 0.147 1.99 1.6
4.87 1.1 8.2 2.32 0.96 41 3.75 4.88 5.25 5.52 0.51 1.23 1.24 0.195 0.46 41.5 0.68 0.143 1.96 1.53
NET FOREIGN BUYING/(SELLING), PHP
MEGAWORLD MRC ALLIED PHIL ESTATES PHIL REALTY PRIMEX CORP ROBINSONS LAND ROCKWELL SM PRIME HLDG STA LUCIA LAND SUNTRUST HOME VISTA LAND
5.45 0.325 0.405 0.52 6.53 26.5 1.81 37.4 1.06 0.87 6.09
5.46 0.325 0.435 0.52 6.69 26.65 1.84 37.85 1.06 0.87 6.11
5.34 0.31 0.405 0.5 6.5 26 1.81 35.8 1.04 0.85 5.94
5.4 0.31 0.43 0.51 6.64 26.35 1.83 37 1.06 0.87 6
34,052,600 42,750,000 4,060,000 7,735,000 2,779,600 2,388,900 31,000 13,074,100 1,514,000 173,000 2,204,200
184,031,434 13,534,150 1,718,800 3,947,150 18,298,564 62,738,395 56,600 478,284,085 1,586,410 148,190 13,210,170
93,615,507 9,600 -63,750 247,860 1,002,458 -1,183,140 14,480 -66,460,835 -52,500 137,850 1,287,541
2GO GROUP ABS CBN ACESITE HOTEL APC GROUP APOLLO GLOBAL BLOOMBERRY BOULEVARD HLDG CEBU AIR CHELSEA DFNN INC GLOBE TELECOM GMA NETWORK GOLDEN HAVEN HARBOR STAR IMPERIAL INTL CONTAINER IPM HLDG ISLAND INFO ISM COMM JACKSTONES LBC EXPRESS LEISURE AND RES LORENZO SHIPPNG MACROASIA MANILA BULLETIN MANILA JOCKEY MELCO RESORTS METRO RETAIL MLA BRDCASTING NOW CORP PACIFIC ONLINE PAL HLDG PHIL SEVEN CORP PHILWEB PLDT PREMIUM LEISURE PRMIERE HORIZON PUREGOLD ROBINSONS RTL SBS PHIL CORP SSI GROUP STI HLDG TRAVELLERS WATERFRONT WILCON DEPOT
19.82 39.8 1.65 0.54 0.047 10.6 0.07 112.6 9.4 7.57 2,064 6 21.45 2.2 2.8 105 8.4 0.156 1.41 3.35 15.82 4.15 1.27 18.3 0.6 2.8 7 4.11 17.66 2.28 11 5.05 175 8.8 1,699 1.43 0.4 52.2 97.4 6.05 4.17 1.6 4.11 1.08 7.98
19.82 39.85 1.71 0.54 0.05 10.62 0.071 112.6 9.44 7.59 2,064 6.08 21.45 2.29 2.8 105 8.4 0.157 1.41 3.35 15.82 4.18 1.58 18.36 0.6 2.84 7.05 4.14 17.66 2.3 11.1 5.05 176 8.8 1,700 1.46 0.4 52.35 97.4 6.15 4.25 1.66 4.19 1.12 8.24
19.5 39.1 1.62 0.53 0.047 10.04 0.069 107.1 9.01 7.55 2,022 5.98 18 2.15 2.79 101.6 8.35 0.156 1.36 3.14 15.82 4.04 1.27 17.92 0.56 2.8 6.67 4.05 17.04 2.28 11 5.05 175 8.3 1,678 1.42 0.4 51.2 93.1 6.05 4.12 1.49 4 1.06 7.95
SERVICES 19.5 39.35 1.71 0.54 0.05 10.1 0.071 111.4 9.15 7.55 2,040 5.98 19 2.18 2.79 102 8.38 0.157 1.4 3.25 15.82 4.1 1.57 18.26 0.59 2.8 6.8 4.1 17.04 2.28 11.04 5.05 176 8.44 1,700 1.46 0.4 51.6 95.3 6.15 4.2 1.55 4.08 1.09 8.24
70,400 30,600 5,000 1,312,000 73,500,000 15,164,000 12,220,000 439,580 5,404,000 50,200 124,180 212,200 191,700 3,504,000 23,000 1,333,780 310,100 1,190,000 35,000 111,000 17,400 783,000 13,878,000 5,519,100 329,000 519,000 5,304,800 871,000 1,300 648,000 12,800 500 680 640,800 107,180 53,331,000 20,000 2,063,430 1,828,870 532,000 1,480,000 14,487,000 1,566,000 21,177,000 4,896,000
1,381,346 1,209,595 8,250 695,840 3,606,700 153,660,298 857,360 48,993,213 49,678,135 379,607 253,381,260 1,273,997 3,782,936 7,701,920 64,370 137,173,113 2,603,507 185,780 47,740 352,780 275,268 3,201,210 20,174,940 100,512,770 187,430 1,455,930 35,971,308 3,563,250 22,338 1,480,050 141,620 2,525 119,030 5,459,335 181,355,655 77,808,530 8,000 106,416,258 173,053,476 3,271,635 6,164,820 22,443,450 6,387,950 23,109,220 39,956,786
41,190 424,000 -58,800 -41,152,732 -71,000.00 36,030,746 -758,291 -22,755 -38,656,370 26,618 -40,506,903 -62,400 -13,020.00 -225,650 -5,950,646 -5,845,738 488,910 408,120 22,034 -17,388,730 1,249,890 -55,691,322 -86,120,536.50 3,262,550 1,080,560 -106,310 1,326,640 1,959,720 -3,067,601
961,900 22,308,340 4,245,119 229,520 638,050 4,367,530 123,750 27,404 3,194,860 266,050 2,022,380 10,000 399,200 218,150 18,540,490 12,060 251,180 238,760 574,800 863,200 205,800 32,170 10,384,055 150,547,369 201,427,130 45,600
-5,000 1,068,530 -2,139,284 -265,080 123,750 618,570 -18,500 3,027,326 858,000 -4,088,864 9,468,281 -95,255,010 -
PROPERTY 4.96 1.12 8.69 2.39 0.99 42.45 3.76 4.98 5.25 5.82 0.51 1.24 1.27 0.201 0.47 41.6 0.69 0.147 1.98 1.54
110,000 9,200,000 2,900 1,176,000 15,552,000 21,481,000 1,024,000 758,000 16,600 8,500 9,049,000 85,000 35,000 37,360,000 510,000 155,300 326,000 300,000 5,880,000 15,159,000
602,800 46,642,490 176,328,876 534,840 42,549 18,634,150 8,773,150 1,023,708,740 8,471,144 44,539,348 74,372 8,653 15,760 284,531,825 4,000 91,796,057.50 51,190 2,520 768,370 3,101,581 21,887,914 106,313,949 781,700 26,491,950 1,118,140 53,000 68,330,417 264,778,135 221,000 1,150,210 2,258,076 8,400 9,500
-19,839,912 -106,171,274 -103,000 487,400 250,936,060 -912,681 -12,237,892 -29,791,735 -28,438,452 164,000.00 199,459 -13,911,976 44,189,736 46,940 7,616,129 -85,744,525 79,900 -
540,800 10,324,050 23,854 2,743,790 15,609,280 903,960,745 3,866,150 3,731,830 87,164 48,293 4,626,500 106,260 44,070 7,474,080 238,300 6,580,755 224,930 43,670 11,590,350 23,513,640
-143,310 96,470 -117,500 -187,250 -207,133,275 -426,670 5,000 56,400 1,289,560 -2,076,570 -
ABRA MINING APEX MINING ATLAS MINING BENGUET A BENGUET B CENTURY PEAK COAL ASIA HLDG DIZON MINES FERRONICKEL GEOGRACE LEPANTO A LEPANTO B MANILA MINING A MARCVENTURES NICKEL ASIA NIHAO OMICO CORP ORNTL PENINSULA ORNTL PETROL A ORNTL PETROL B PHILODRILL PHINMA PETRO PX MINING PXP ENERGY SEMIRARA MINING UNITED PARAGON
0.0025 1.78 5.13 1.81 1.86 1.58 0.375 8.29 2.62 0.265 0.195 0.2 0.01 1.89 6.92 1.74 0.54 1.03 0.012 0.012 0.012 2.45 8 9.18 43.5 0.0076
0.0026 1.79 5.15 1.92 1.88 1.58 0.375 8.44 2.66 0.265 0.195 0.2 0.011 1.89 7.01 1.74 0.54 1.03 0.012 0.013 0.012 2.54 8 9.2 43.95 0.0076
0.0025 1.7 4.97 1.81 1.85 1.52 0.375 8.13 2.56 0.25 0.189 0.2 0.01 1.83 6.82 1.68 0.51 1.01 0.012 0.012 0.011 2.44 7.63 8.21 41.75 0.0076
MINING & OIL 0.0026 384,000,000 1.72 12,832,000 4.97 839,500 1.84 126,000 1.88 340,000 1.52 2,841,000 0.375 330,000 8.3 3,300 2.62 1,219,000 0.265 1,060,000 0.189 10,650,000 0.2 50,000 0.011 38,800,000 1.83 118,000 6.89 2,680,900 1.74 7,000 0.51 492,000 1.02 234,000 0.012 47,900,000 0.013 71,900,000 0.011 17,200,000 2.54 13,000 7.64 1,339,100 8.68 17,407,200 41.75 4,727,100 0.0076 6,000,000
ABS HLDG PDR AC PREF B2 ALCO PREF B DD PREF FGEN PREF F GLO PREF P GMA HLDG PDR GTCAP PREF B LR PREF MWIDE PREF PCOR PREF 2B PF PREF 2 PNX PREF 3A SMC PREF 2B SMC PREF 2C SMC PREF 2D SMC PREF 2F SMC PREF 2G SMC PREF 2H SMC PREF 2I
38.2 520 107.5 106.4 105.7 541 5.68 1,030 1.05 109 1,146 1,014 105.2 75.45 81.5 76.05 81.1 77.15 79.5 79.5
39 520 107.5 106.4 105.7 541 5.72 1,030 1.06 109 1,146 1,014 106 75.95 81.5 76.5 81.15 77.8 79.5 79.5
38 520 107.5 105.6 105.7 541 5.66 1,030 1.05 108 1,146 1,011 105.2 75.25 81.25 76.05 81.1 77.15 79.5 79
PREFERRED 38.5 34,300 520 250 107.5 13,000 105.6 104,590 105.7 50 541 50 5.66 166,400 1,030 7,440 1.06 77,000 108 19,500 1,146 5,365 1,012 5,855 105.2 6,610 75.25 9,380 81.25 48,270 76.5 28,100 81.15 3,000 77.8 7,900 79.5 477,250 79.45 62,010
1,309,105 130,000 1,397,500 11,048,020 5,285 27,050 945,559 7,663,200 81,600 2,106,500 6,148,290 5,928,410 695,380 706,343 3,923,855 2,147,580 243,350 612,735 37,941,375 4,917,460
206,530 -1,397,500 -570,092 50,600 -93,725 -
WARRANTS 2.49 76,000
27,522,822 174,020 7,186,194
ITALPINAS PHILAB HLDG XURPAS
5.61 4.5 5.55
5.99 4.52 5.55
5.61 4.4 5.48
FIRST METRO ETF
USD DMPL A1
MINING & OIL
5.96 4.41 5.52
4,703,100 39,000 1,305,600
EXCHANGE TRADED FUNDS 126.7 14,330 DDS 10.76
VALUE 2,057.78 (down) 13.58 1,451,640,974.96 FINANCIAL INDUSTRIAL 10,959.78 (down) 17.59 1,133,797,259.292 HOLDING FIRMS 8,666.37 (down) 111.03 2,656,647,773.50 PROPERTY 3,931.31 (down) 23.02 1,700.37 (down) 7.01 1,874,261,845.92 SERVICES MINING & OIL 13,117.66 (down) 430.06 1,686,837,032.08 PSEI 8,431.73 (down) 66.01 422,178,700.8452 All Shares Index 4,924.46 (down) 34.07 9,262,074,624.95 Gainers: 72; Losers: 138; Unchanged: 35; Total: 245
25 percent from 5 percent, secure more clients and introduce new products. Quintel is also looking to penetrate Southeast Asia including the Philippines to help telecommunication companies quicken their network rollout, he said. “The objective is grow the company into a $500-million revenue company in three to five years and complement it with one of two strategic acquisitions to bring it to $1-billion company,” Dispo said. Dispo said in the Philippines, the company planned to talk to Globe Telecom, PLDT Inc. and government agencies to present its cutting-edge technology and support the growth of the local telecommunication sector. He said the Philippines only had 20,000 cell sites, below the 100,000 cell sites needed to improve mobile services. Quintel is a leader in the high-value multi-port antenna market in North America. Its multi-port technology, which allows a single antenna to support more spectrum bands and multiple arrays, is currently used by major telecommunication companies in the US, including AT&T, Verizon, T-Mobile and America Movil/ Claro. Cirtek said to support Quintel’s expansion, it would raise $200 million from the sale of dollar-denominated preferred shares before the end of the year.
Meralco set to sign more solar supply deals By Alena Mae S. Flores POWER retailer Manila Electric Co. expects to secure an additional 50 megawatts to 100 MW from solar energy producers, a top executive said Wednesday. “We’ll see if it [distribution grid] can still accommodate 50 MW to 100 MW more and then we will take a look at the impact on the grid [and] on certain circuits. If there’s capacity to do more at the right price, that’s beneﬁcial to our overall generation charge,” Meralco president Oscar Reyes said. Meralco already signed up three power supply agreements covering 185 MW of solar capacity from suppliers Solar Philippines and PowerSource First Bulacan Solar Inc. The three power supply agreements are awaiting approval of the Energy Regulatory Commission. “We’re looking at additional solar power that has been offered to us for power supply agreements,” Reyes said. “We’re in discussions with several parties, maybe in the next three to six months… There are a lot of offers. I think we’ve received more than 10,” he said. Reyes said Meralco would consider the intermittency of solar power, prior to signing new contracts to determine if it would affect the stability of the grid and the generation charges of Meralco. “We’re doing it in a way that we also want to ensure that penetration of solar in the system is something the distribution grid can absorb, without adversely affecting the quality of power performance because of the intermittency of solar. We have to ensure it does not affect the grid or the circuits of the grid,” he said.
CYAN MAGENTA YELLOW BLACK Manila
Wash SyCip did a first-rate bookkeeping job IN THE course of my lifetime I have met many people in positions of power and inﬂuence—national bureaucrats, businessmen, professionals, local ofﬁcials, civil society leaders. But the individuals who I truly admire and respect—or have admired and respected—can be counted on the ﬁngers of my hands. One of them passed away last week. He was Washington Z. Sycip. Wash, as he was better known to people all over the world, liked to call himself a bookkeeper. In fact the book on his life that was released on the occasion of his 90th birthday is titled “Just A Bookkeeper.” Washington SyCip was 96 at the time of his death. Of course, Wash Sycip was far from being a mere bookkeeper. By the time of his death Mr. SyCip the auditing ﬁrm he and his friends Ramon Gorres (the G in SGV) and Alfredo Velayo founded in 1946 had become one of the leading auditing ﬁrms in the world. Certainly, SGV & Co. today is a key player in the East Asia-Australasia auditing profession. Until its East Asian presence was downscaled some years ago, SGV & Co. had a branch in every East Asian capital, provoking the comment that SGV & Co. resembled a mini-Department of Foreign Affairs. SGV & Co. has always been, and for a long time to come is likely to be, synonymous with the name Washington Z. SyCip. Many ﬁrstrate individuals have occupied the chair of the SGV & Co. chief executive ofﬁcer—in the ﬁrm that person is called the chairman – but Mr. SyCip’s spirit and guiding hand were pervasive in the SGV establishment and in the ﬁrm’s operations even during the years that he was already in retirement. Mr. Sycip retired in 1996. In many ﬁrms the employees don’t know much about the founder or founders of their ﬁrm. Not at SGV: the staffmembers are well acquainted with the man for whom the S in their ﬁrm’s name stands. In truth, SGV & Co. was largely a SyCip solo act in the decades immediately preceding his retirement. The popularity and celebrity status enjoyed by “The Bookkeeper” made it impossible for the SGV & Co. community to forget their ﬁrm’s principal founder or be unaware that he was still in circulation. Numerous institutions and business establishments—especially banks—wanted Wash SyCip to accept membership in their boards of directors or to be an adviser. Such was the degree of respect and admiration that he enjoyed across the length and breadth of Philippine society. And it wasn’t only in this country that Wash SyCip was in high regard. The board of trustees of the Ramon Magsaysay Foundation gave Washington SyCip the ultimate accolade receivable by an Asian: it made him a Magsaysay Awardee in 1996. The greatest thing that can be said about Washington Sycip the certiﬁed public accountant was that he changed the Philippine accounting profession forever. After Mr. Sycip came on the scene accounting would never be the same in this country. Washington SyCip was a person of very generous spirit. I know this because I am one of the beneﬁciaries of his generosity. Many years ago one of this country’s leading newspapers placed Wash Sycip on the cover of its Sunday magazine. It was a nice picture of SGV’s founder. It occurred to me to have that cover picture framed and send it to Mr. Sycip with a request for his autograph. The framed picture was returned to my ofﬁce the following day with the great man’s autograph plus the following words above it: “To Rudy Romero. A good economist and a good writer. A rare combination.” Any visitor to my ofﬁce knows that Wash SyCip’s framed photograph enjoys pride of place. Every now and again mention is made in the media about Wash Sycip’s having carried a US passport, something that was given to him in recognition of his World War II service with the O.S.S. (Ofﬁce of Strategic Services), the forerunner of today’s Central Intelligence Agency. My response to that observation is that I would rather have foreign-passport holder who truly loves the Philippines and renders enormous and unstinting service to the Filipino people than a Philippinepassport holder who thinks only of himself, cares little about the nation’s principles and values and goes about destroying Philippine institutions with hardly any concern for the welfare of future generations of Filipinos. Yet, I’ll take Washington Sycip any time. You did a ﬁrst-rate job of bookkeeping, Wash. A grateful Filipino people thanks you.
Busan eyes arbitration tack By Darwin G. Amojelar
USAN Universal Rail Inc., the maintenance provider of MRT-3, is seeking an arbitration proceeding to resolve the dispute over its contract with the Department of Transportation.
Regional Trial Court of Quezon City Branch 105 judge Rosa Samson directed DOTr and Busan in an order dated October 13 to proceed with the arbitration proceedings as stipulated in the MRT3 contract. Samson also ordered the DOTr and Busan to proceed with the arbitration proceedings before the Philippine Dispute Resolution Center Inc., an agency in charge of assisting and resolving contractual and legal disputes between government and private entities. “We are calling on the DOTr to abide by the court order. We believe that at the end
of the day, our actual performance and compliance with contractual obligations could help the DOTr see the light and avoid a protracted legal conﬂict,” Busan said in a statement. It added that the contract for MRT3 maintenance could not be unilaterally terminated because of temporary stoppages and on the subjective opinion on the company’s failure to “satisfactorily perform work obligations.” The DOTr in January 2016 signed a P3.8billion three-year contract with the joint venture of Busan Transportation Corp., Edison Development & Construction, Tramat Mercantile Inc., TMICorp. and Castan Corp. to do maintenance works on the rolling stock and signaling system, the most critical maintenance component of MRT 3. The MRT3 maintenance provider has claimed it performed beyond its contractual obligations, met key performance indicators and delivered more than the required train
CONSUMERS are not aware of the impact of the sugarsweetened beverages tax on their favorite drink, like the citizens of Cook County, Illinois, USA. Lawmakers debating on the bill do not realize that the proposed tax will mostly affect the poor, who will suffer more from the SSB tax than other citizens. Most of the consumers of beverages in the country are from the D&E demographic. If the sugar bill is passed, many can no longer afford to buy the drinks they enjoy. Like the Cook County soda tax, the SSB tax in the Philippines was never about health. Lawmakers claim it aims to help curb obesity and diabetes in this country. These claims have been debunked by a study of the Food and Nutrition Research Institute of the Department of Science and Technology. Obesity and diabetes are caused by several factors, not just the consumption of sweetened beverages. Filipinos do not even consume a lot of sweetened beverages, which account for about 2 percent of
their diet. Almost 50 percent of the Filipino diet is actually rice. Like the Cook County soda tax, the SSB tax is raising revenues to enable the government to fund its budget. The SSB tax is part of the Tax Reform for Acceleration and Inclusion Act, a tax package that aims to lower income tax and expand the value added tax. The government plans to impose a tax on purchases to cover the expected budget deﬁcit from reducing the income tax. A World Bank data in 2014 showed that 75 percent of the total domestic workforce in the Philippines is classiﬁed as informal while 25 percent belonged to the formal sector. The latter will reap the beneﬁt of a reduced income tax but everybodywill be affected by the price increase of goods. Like the Cook County soda tax, the SSB tax will affect the livelihood of many citizens, including the micro, small and medium enterprises. The Philippine Association of Stores and Carinderia Owners, for one, has opposed the tax, fearing that it will kill micro enterprises. If
BONIFACIO DRIVE, SOUTH HARBOR, PORT AREA, MANILA 1018, PHILIPPINES P.O. BOX 436, MANILA, PHILIPPINES Tel. No. (0632) 527-8356, Fax. No. (0632) 527-4855 HTTP://WWW.PPA.COM.PH
INVITATION TO BID
The Philippine Ports Authority, through the Corporate Budget of the Authority for CY 2017, intends to apply the sum of P 27,266,460.37 being the Approved Budget for the Contract (ABC) to payments under the contract for the Provision of General Support Services for PPA Head Office for CY 2017 (BAC-PGCS-01-2017). Bids received in excess of the ABC shall be automatically rejected at bid opening. REPUBLIC OF THE PHILIPPINES
NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY
REQUEST FOR EXPRESSION OF INTEREST (EOI) FOR THE PROCUREMENT OF CONSULTING SERVICES FOR THE STUDY AN ANALYSIS OF THE CAUSES OF HIGH POVERTY INCIDENCE IN RELATION TO THE GRDP PERFORMANCE OF REGION XII OVER THE PERIOD 2010-2015 The National Economic and Development Authority (NEDA) intends to apply the sum of SIX MILLION TWO HUNDRED EIGHTY-SEVEN THOUSAND SEVEN HUNDRED AND FIFTY PESOS (PhP6,287,750.00), inclusive of all applicable government taxes and charges, professional fees, and other incidental and administrative costs, as the Approved Budget for the Contract (ABC), to payments under the Contract for the subject consulting services. Proposals received in excess of the ABC shall be automatically rejected at the opening of the Financial Proposals. The NEDA now calls for the submission of EOI and eligibility requirements for the conduct of the study An Analysis of the Causes of High Poverty Incidence in Relation to the GRDP Performance of Region XII over the period 2010-2015. The contract shall be completed within seven (7) months. Eligibility submissions of interested Consultants must be duly received by the NEDA Bids and Awards Committee for Consulting Services (NBAC-CS) on or before 27 October 2017, 12:00 NN, at the following address: Asst. Secretary Carlos Bernardo O. Abad Santos NBAC-CS Chairman 5/F NEDA-sa-Pasig Building, #12 Saint Josemaria Escriva Drive Ortigas Center, Pasig City 1605 Interested Consultants may obtain further information from NEDA and acquire a complete set of Bidding/Proposal Documents at the address given above from Mondays to Fridays, 8:00 A.M. to 5:00 P.M., starting 09 October 2017 upon payment of the applicable fee for the Bidding/ Proposal Documents in the amount of PhP10,000.00. The Bidding/Proposal Documents may also be downloaded free of charge from the Philippine Government Electronic Procurement System (PhilGEPS) and NEDA websites, provided that Consultants shall pay the applicable fee for the Bidding/Proposal Documents not later than the submission of their proposals. A Pre-Proposal/Bid Conference will be held on 10 November 2017, 1:00PM at the G/F NEDAsa-Pasig Building, #12 Saint Josemaria Escriva Drive, Ortigas Center, Pasig City 1605, and will be open only to Consultants who have paid the corresponding fee for the Bidding/Proposal Documents. Representative/s should bring a letter addressed to the NBAC-CS Chair certifying that the representative/s has/have authority to speak for and in behalf of the Consultant. Interested Consultants have the option to submit their Legal, Financial and Class “B” Eligibility Documents (1 original copy and 4 copies), as applicable, in advance (on or before 19 October 2017, 5:00 P.M.) for preliminary evaluation by the NBAC-CS in terms of completeness/ compliance. The NBAC-CS, however, shall only proceed with the preliminary evaluation upon payment of a participation fee of PhP2,000.00. Note that said amount shall cover the attendant administrative cost for the eligibility check and shortlisting process and shall be deducted from the cost of the Bidding/Proposal Documents. The NBAC-CS, after its preliminary evaluation of advance submissions, shall inform the participating Consultants of any deficiency in their respective submissions at least three (3) calendar days prior to the deadline for submission of Eligibility Documents set in this Request for EOI. The NBAC-CS shall draw up the short list of Consultants from those who have submitted EOI, including the Eligibility Documents, and have been determined as eligible in accordance with the relevant provisions of Republic Act (RA) No. 9184, or the Government Procurement Reform Act (GPRA), and its Revised Implementing Rules and Regulations (IRR). The short list shall consist of three (3) to seven (7) prospective Consultants who will be entitled to submit proposals. The criteria and rating system for shortlisting are as follows:
Criteria/Particulars 1. Applicable Experience of the Consulting Institution/Firm 2. Qualification of Team Leader and experts who may be assigned to the Study - Education, training and years of professional experience 3. Current workload relative to capacity TOTAL Hurdle Rate
JV of Individuals 80 20
Firms 60 30 10 100 65
The selection process will be conducted through through open competitive bidding procedures using non-discretionary “pass/fail” criterion as specified in the IRR of RA 9184. This procurement activity is open to all interested Consultants subject to the conditions for eligibility provided in said Revised IRR. 8. Proposals shall be evaluated using the Quality-Cost Based Evaluation/Selection (QCBE/ QCBS) procedure at a weight ratio of 70% for the Technical Proposal and 30% for the Financial Proposal. The criteria and rating system for the evaluation of proposals shall be provided in the Instructions to Proponents/Bidders. 9. NEDA reserves the right to reject any and all proposals, including that of a single eligible proponent, waive any minor deviation in the submitted documents which will not materially affect the substance of the proposal, annul the procurement/bidding process, or not award the contract without thereby incurring any liability to the affected participating Consultant/s. 10. For further information, please contact the NBAC-CS Secretariat: 3/F NEDA-sa-Pasig Building #12 Saint Josemaria Escriva Drive, Ortigas Center, Pasig City 1605 (02) 631-3724 / (02) 631-0960 to 65 local 312 Fax Nos. (02) 631-2192 Issued on 05 October 2017. (SGD) CARLOS BERNARDO O. ABAD SANTOS Assistant Secretary and Chairperson, NBAC-CS (MS-OCT. 19, 2017)
availability to the system Busan said it furnished the DOTr with documentary and technical evidence to show the design ﬂaws and their impact on the performance of the trains. It also repeatedly reminded the DOTr about the completion of the rail replacement and that the DOTr Secretary Arturo Tugade instructed MRT to review loading protocols. “As far as we know, that review did not happen”, BURI said. Busan said the glitches were more reasonably due to design ﬂaws, and not mainly maintenance issues. Through the years, the deterioration of the rails and passenger loading above the intended usage worsened the system’s condition and resulted in more glitches. Even in 2000, when Sumitomo was maintaining the system in the MRT’s ﬁrst year of operation, when the trains and rails were brand new and ridership was much less, the MRT-3 already logged 1,492 glitches.
PH sugar tax is about revenues, not health
FOR THE PROVISION OF GENERAL SUPPORT SERVICES FOR PPA HEAD OFFICE FOR CY 2017
THURSDAY, OCTOBER 19, 2017 email@example.com
The Philippine Ports Authority now invites bids for A. Service Provider to supply personnel services for janitorial, messengerial, transport (drivers) and maintenance. Contract Duration is Twelve (12) Months from the receipt by the successful bidder of the Notice to Proceed. Bidders should have completed, within five (5) years from the date of submission and receipt of bids, a contract similar to the Project. The description of an eligible bidder is contained in the Bidding Documents, particularly, in Section II. Instructions to Bidders. Bidding will be conducted through open competitive bidding procedures using a non-discretionary “pass/fail” criterion as specified in the 2016 Revised Implementing Rules and Regulations (IRR) of Republic Act 9184 (RA 9184), otherwise known as the “Government Procurement Reform Act.” Bidding is restricted to Filipino citizens/sole proprietorships, partnerships, or organizations with at least sixty percent (60%) interest or outstanding capital stock belonging to citizens of the Philippines, and to citizens or organizations of a country the laws or regulations of which grant similar rights or privileges to Filipino citizens, pursuant to RA 5183. Interested bidders may obtain further information from the Philippine Ports Authority’s Bids and Awards Committee (BAC) and inspect the Bidding Documents at the address given below from 8:00 a.m. to 5:00 p.m., Monday to Friday.
their customers can no longer afford to pay for powdered juice or soft drinks, they will eventually stop buying. SSBs account for 30 percent of their revenue—a chunk they can’t afford to lose. Industry groups oppose Even big industry groups are not convinced about the merits of the sugar tax. The Federation of Philippine Industries Inc. labeled the proposed tax on sugar-sweetened beverages as “anti-poor.” FPI president Jess Arranza earlier said the proposed measure was also discriminatory to people who were relying on sugar to boost their energy. “If they are taxing beverages with sugar, then they should tax all. How about the coffee shops like Starbucks and Seattle’s Best? Why only three-in-one coffee mixes, juices and softdrinks? But our stand is for the government to exclude sugary drinks from taxes,” he said. A Finance ofﬁcial said the proposed inclusion of taxes on sugar-sweetened beverages could generate an additional P47 billion for the government
coffers under package 2 of the Comprehensive Tax Reform Program. Under the CTRP, sugar-laden drinks will be imposed an excise tax of P10 per liter. Studies showed instant coffee would see a price increase of 48.4 percent after an excise tax of P10 per liter was imposed, raising the price of a sachet of coffee from P5 to P8. The price of powdered concentrate will go up by 108.6 percent, or from P9 per sachet to P19, while prices of tea drinks will jump 52.5 percent, from the current P20 to P30 per bottle. The government, perhaps, can craft other tax alternatives to ease the burden on the poor and the MSMEs. Lawmakers, with the next elections just less than two years away, should be wary of their actions as the Filipinos are watching the proceedings in Congress. E-mail: firstname.lastname@example.org or email@example.com or firstname.lastname@example.org
BONIFACIO DRIVE, SOUTH HARBOR, PORT AREA, MANILA 1018, PHILIPPINES, P.O. BOX 436, MANILA, PHILIPPINES TEL. NO. (0632) 527-8356, FAX NO. (0632) 527-4855 HTTP://WWW.PPA.COM.PH
INVITATION TO BID
FOR THE LEASE AND MAINTENANCE OF COPYING MACHINES
The Philippine Ports Authority, through the Corporate Budget of the Authority for CY 2017, intends to apply the sum of P 2,592,000.00 being the Approved Budget for the Contract (ABC) to payments under the contract for the Lease and Maintenance of Copying Machines (BAC-PGCS-02-2017). Bids received in excess of the ABC shall be automatically rejected at bid opening. The Philippine Ports Authority now invites bids for A. Lease of Twenty-Five (25) units of Copying Machines B. Maintenance and Repair Services for the Copying Machines. Contract Duration is Twelve (12) Months from the receipt by the successful bidder of the Notice to Proceed. Bidders should have completed, within five (5) years from the date of submission and receipt of bids, a contract similar to the Project. The description of an eligible bidder is contained in the Bidding Documents, particularly, in Section II. Instructions to Bidders. Bidding will be conducted through open competitive bidding procedures using a non-discretionary “pass/fail” criterion as specified in the 2016 Revised Implementing Rules and Regulations (IRR) of Republic Act 9184 (RA 9184), otherwise known as the “Government Procurement Reform Act.” Bidding is restricted to Filipino citizens/sole proprietorships, partnerships, or organizations with at least sixty percent (60%) interest or outstanding capital stock belonging to citizens of the Philippines, and to citizens or organizations of a country the laws or regulations of which grant similar rights or privileges to Filipino citizens, pursuant to RA 5183. Interested bidders may obtain further information from the Philippine Ports Authority’s Bids and Awards Committee (BAC) and inspect the Bidding Documents at the address given below from 8:00 a.m. to 5:00 p.m., Monday to Friday.
A complete set of Bidding Documents may be acquired by interested Bidders on 19 October 2017 from the address below and upon payment of the applicable fee for the Bidding Documents, pursuant to the latest Guidelines issued by the GPPB, in the amount of Twenty Five Thousand (P25,000.00) Pesos.
A complete set of Bidding Documents may be acquired by interested Bidders on 19 October 2017 from the address below and upon payment of the applicable fee for the Bidding Documents, pursuant to the latest Guidelines issued by the GPPB, in the amount of Five Thousand (P5,000.00) Pesos.
It may also be downloaded free of charge from the website of the Philippine Government Electronic Procurement System (PhilGEPS) and the website of the Philippine Ports Authority, provided that bidders shall pay the applicable fee for the Bidding Documents not later than the submission of their bids.
It may also be downloaded free of charge from the website of the Philippine Government Electronic Procurement System (PhilGEPS) and the website of the Philippine Ports Authority, provided that bidders shall pay the applicable fee for the Bidding Documents not later than the submission of their bids.
The Philippine Ports Authority’s Bids and Awards Committee will hold a Pre-Bid Conference on 27 October 2017 at 10:00 a.m. at the PPA Function Room, 7th Floor, PPA Bldg., Bonifacio Drive, South Harbor, Port Area, Manila, which shall be open to all prospective bidders.
The Philippine Ports Authority’s Bids and Awards Committee will hold a Pre-Bid Conference on 27 October 2017 at 10:00 a.m. at the PPA Function Room, 7th Floor, PPA Bldg., Bonifacio Drive, South Harbor, Port Area, Manila, which shall be open to all prospective bidders.
Bids must be duly received by the BAC Secretariat at the address below on or before 09 November 2017 at 9:00 a.m. All bids must be accompanied by a bid security in any of the acceptable forms and in the amount stated in the bidding documents.
Bids must be duly received by the BAC Secretariat at the address below on or before 09 November 2017 at 1:00 p.m. All bids must be accompanied by a bid security in any of the acceptable forms and in the amount stated in the bidding documents.
Bid opening shall be on 09 November 2017 at 10:00 a.m. at the 7th Floor, PPA Building, A. Bonifacio Drive, South Harbor, Port Area, Manila. Bids will be opened in the presence of the bidders’ representatives who choose to attend. Late bids shall not be accepted. The Philippine Ports Authority reserves the right to reject any and all bids, declare a failure of bidding, or not award the contract at any time prior to contract award in accordance with Section 41 of R.A. 9184 and its IRR, without thereby incurring any liability to the affected bidder or bidders. For further information, please refer to:
Bid opening shall be on 09 November 2017 at 2:00 p.m. at the 7th Floor, PPA Building, A. Bonifacio Drive, South Harbor, Port Area, Manila. Bids will be opened in the presence of the bidders’ representatives who choose to attend. Late bids shall not be accepted. The Philippine Ports Authority reserves the right to reject any and all bids, declare a failure of bidding, or not award the contract at any time prior to contract award in accordance with Section 41 of R.A. 9184 and its IRR, without thereby incurring any liability to the affected bidder or bidders. For further information, please refer to:
BAC Secretariat, Philippine Ports Authority 5th Floor, PPA Bldg., A. Bonifacio Drive, South Harbor, Port Area, Manila
BAC Secretariat, Philippine Ports Authority 5th Floor, PPA Bldg., A. Bonifacio Drive, South Harbor, Port Area, Manila
Telephone/Fax No. 527-47-35 527-83-56 to 83 loc. 539
Telephone/Fax No. 527-47-35 527-83-56 to 83 loc. 539
PPA Website: www.ppa.com.ph
PPA Website: www.ppa.com.ph ADRIAN FERDINAND S. SUGAY Chairperson, PPA Head Office Bids and Awards Committee for the Procurement of Goods and Consultancy Services (HO-BAC-PGCS)
ADRIAN FERDINAND S. SUGAY Chairperson, PPA Head Office Bids and Awards Committee for the Procurement of Goods and Consultancy Services (HO-BAC-PGCS) M. Standard – Oct. 19, 2017
Standard – Oct. 19, 2017
CYAN MAGENTA YELLOW BLACK
Jimbo Owen Gulle, Editor email@example.com
thursday, october 19, 2017
LocaL government units
SHINING MINE. The open pit at the copper-gold mine of OceanaGold in Didipio, Kasibu, Nueva Vizcaya is bathed in light as its underground mine operation completes its final production stage, thus needing to be continuously dewatered and illuminated. The mineral-rich village sits on the boundary of Nueva Vizcaya and Quirino provinces. Abe Almirol
Taiwanese to build P2-b Subic complex By Butch Gunio SUBIC BAY FREEPORT— A Taiwanese construction company will build a luxury beachfront condominium complex at Triboa Bay here, eyeing the growing expatriate business community in the economic zones of Subic, Clark and Bataan as its market. MSK Group Work Inc., which is into construction and subleasing of warehouses and factories, will construct the Triboa Majestic Bay Residences project near the APEC Villas, the site of the 1996 summit of the Asia-Pacific Economic Cooperation leaders. The project is set for completion in two years. MSK has initially taken over the former APEC Villas clubhouse and used it as venue for the project launch last October 14. The clubhouse will form an integral part of the beachfront condominium complex. According to company spokesman Kelly Uy, the firm has committed an investment of P2 billion for the project and will be selling the property to the A and B-class market, specifically Asian expatriates and other foreign nationals. The firm will be offering competitive prices for the 157 condominium units which will all be facing the Triboa Bay, Uy also said. In the same occasion, Dr. Gary Song-Huann Lin, representative of the Taipei Economic and Cultural Office in the Philippines, noted that the proposed Triboa Majestic Bay Residences has “good timing,” as it coincides with the New Southbound Policy of Taiwan, which calls for greater economic and cultural ties with Southeast Asian countries.
Andok’s owner Javier eyeing QC House seat By Rio N. Araja THE father of “litson manok” is primed to join the congressional race in Quezon City in 2019. City hall sources said Leonardo “Sandy” Javier Jr., owner of the popular Andok’s roasted chicken chain, is running for a congressional seat in the midterm elections against one of the Crisologo family members in District 1. The incumbent congressman, Vincent “Bingbong” Crisologo, has backed out of plans to run as mayor after learning Javier would run, sources told Manila Standard. Earlier, three-term District 1 Councilor Peter Anthony Crisologo expressed a desire to run for Congress. Neither the Crisologos nor Javier could not be reached for comment at presstime. Meanwhile, to protect residents with Alzheimer’s disease, autism and dementia case, Quezon City’s District 5 Councilor Allan Butch Francisco is urging the city government to adopt a lifesaver program providing them with global positioning system or GPS bracelets. The city council passed Resolution No. SP-7112, requesting Mayor Herbert Bautista to pilot the “Program Lifesaver” and provide those with cognitive or mental impairments with a bracelet equipped with an electronic tracking device.
Sex predator nabbed By Joel E. Zurbano
HE city government of Makati warned residents of pedophiles and other sex offenders luring teen girls online.
Mayor Abigail Binay on Wednesday called on parents to monitor web activity of their teenage daughters, and be aware of who they hang out with and where they go when they’re not in school to protect and save them from getting involved in any sexual violence.
“We can never be too careful these days. Young children tend to be gullible and easily influenced by peers, so they need constant guidance from us parents,” said Binay. Last week, local police operatives led by Chief Insp. Roman Salazar, Jr.
and personnel from the Makati Social Welfare Department busted 70-yearold Elias Umale Cosme in an entrapment operation inside his unit at One Central Makati Condominium in Salcedo Village. Cosme, now detained at the Makati City jail and charged with Violation of Republic Act 8353 (AntiRape Law), allegedly luring young high school students online. He also used schoolmates of the victims to lure them to his condominium
unit where he would take nude photos and even sexually assault them. Binay said the incident should serve as a reminder to parents to “never let your guard down.” “We must also teach our children to recognize potential threats so that they could avoid being victimized,” she added. The mayor said she was relieved that the septuagenarian suspect is now behind bars and has been subjected to inquest proceedings. Prior to the entrapment
operation against Cosme, Binay was informed about nude photos of some students from Pitogo High School circulating on social media. She immediately ordered the local police to investigate, in close coordination with school officials and city’s social welfare department. The authorities later found out the identity of the person of interest in the case and learned that he uses “Eboy” as alias in luring the teenagers. After a month-long probe
House Minority Floor Leader and Quezon 3rd District Rep. Danilo. E. Suarez (third from left), leads the turnover of a hand tractor to the local government of Pitogo represented by Vice Mayor Dexter Sayat (fourth from right) during the distribution of agricultural inputs, livestock and farm machineries at the Bondoc Peninsula. Quezon Gov. David “Jayjay” Suarez is on the tractor’s driver’s seat, along with (from left) Provincial Agriculture Officer Obet Gajo, Alona Party-list Rep. Anna Suarez, and Department of Agriculture Regional Director Engineer Arnel de Mesa. Benjie A. Antioquia
Unified bike riders’ group launched
EMB clears miner FCF of contaminating Quezon town rivers By Ben Moses Ebreo BAYOMBONG, Nueva Vizcaya—The Department of Environment and Natural Resources-Environment Management Bureau has cleared a mining company here of allegedly contaminating rivers in Quezon town.
and case build-up, the authorities set an entrapment operation when the mother of 15-year-old victim “Kate” reported to the school principal that the suspect had contacted her daughter, asking her out. Cosme arrived at the designated meeting place at around 3:30 pm and drove off with “Kate” in a brown car. The composite team discreetly followed them until they reached One Central Makati where the suspect was arrested.
Engineer Marissa Balubal, EMB’s water quality monitoring section chief, said FCF Minerals Corp. has long been cleared of the allegations of environmentalists, village residents, and antimining advocates that the contamination of rivers in Barangay Runruno was due
to their mining operations. “We had conducted a water sampling a few years ago on the alleged contamination of the rivers below the mountains and we found out that it was caused by economic activities of the villagers,” she said. The cause of the contamination was the formation of
huge volume of ammonia due to direct dumping of human, poultry, and piggery wastes in the river, Balubal added. “There was no findings of cyanide and mercury contamination yet within the rivers and inland bodies of water in barangay Runruno in Quezon town,” she said.
She made the statement to allay fears on the conceived dangers of large scale mining projects and in reaction to an issue raised by a participant to the recent training on Solid Waste Management Program in the province inquired on the previous concern of Barangay Runruno villagers.
Asean delegates to tour Pampanga By Romeo Dizon
CCW MEETING. Citizen’s Crime Watch recently held its General Assembly, Awarding Ceremonies and Distribution of Free Wheelchair at the Aberdeen Court in Quezon City through the efforts of (from left, standing) lawyer Jose Malvar Villegas Jr., BM Carlo Batalla, COO and Secretary General Andres B. Visaya Jr., Engineer Noli Beltran Vitug, MSBV, Deputy Secretary General Marlo Borja, and CCW Region 3 Chairman Misael Sanosa. Norman Cruz
CLARK FREEPORT, Pampanga—An estimated 400 delegates from member countries of the Association of Southeast Asian Nations will tour the heritage spots and other tourist attractions of this province after their meeting on Oct. 21 to 24. Aurora M. Agustin, owner of the Amega Travel and Tour Services and who is supervising the tour, said
despite the delegates’ busy schedule. “they still find time to see our customs and traditions as people and as member of the Asean through the tourist spots of Pampanga.” However, not all 400 delegates will join the tour, Agustin said. The delegates will be attending the Asean Defense Ministerial Meeting inside the freeport, as the Philippines is the chairman of the regional
body’s meetings this year. The tour itinerary, Agustin said, includes visits to the heritage houses and heroes’ hall of Angeles City, a museum, and the Mt. Pinatubo crater. In the City of San Fernando, the delegates will be treated to a “kalesa” (horsedrawn carriage) ride around the city proper, and then to Roland Quiambao, a pioneer of giant lantern making, for a demonstration.
IMUS, Cavite—The Cavite Police Provincial Office, led by Police Senior Supt. William Segun, in partnership with the Cavite Highway Patrol Team launched the “Unified Motorcycle Riders Group” on Monday at the CPPO Grandstand at Camp General Pantaleon Garcia here. Segun, the acting provincial director, reiterated the objective of the project, which is to improve police intervention techniques and strategies by mobilizing motorcycle rider groups and organizations within the province “to establish a strong and sustainable partnership in crime prevention and solution.” The group aims to reinforce the existing operational strategies currently in force in the province, which may help reduce murders perpetrated by motorcycle riding-in-tandem criminals and “motornapping” by identifying motorcycle owners with legal and official documents.
Dinalupihan execs visit 46 barangays DINALUPIHAN, Bataan— To bring the government closer to the people, the local government here has launched a Barangay Visit program for its 46 villages. “We want to see the actual plight of our constituents and see how we could further service them”, said Mayor Gila Garcia during the visit on Tuesday in farflung Barangay Sapang Balas, where she was accompanied by the vice mayor and Sangguniang Bayan members. Butch Gunio
RoCS, a world leader in casual footwear, recently unveiled its latest collaboration with award-winning British designer Christopher Kane.
The Christopher Kane x Crocs collection includes four colors of Classic Clogs, each featuring a tiger print and embellished with an ostrich feather, floral Jibbitz adornments and Christopher Kane’s signature “K”. The limited-edition collection is inspired by Christopher Kane’s pre-Fall 2017 runway collection, which is now available. It will be remembered that the innovative collaboration between Crocs and Kane shocked the fashion world last year when it debuted at London Fashion Week with high fashion Crocs. on the heels of an innovative collaboration, this new collection turns high fashion into affordable, ready to wear styles starting at $60. Kane’s signature of constant innovation and rebellious femininity perfectly complements one of Crocs’ core brand values of celebrating individuality. Well-known in the fashion world for his highly creative and playful signature of mixing innovation with rebellious femininity, Kane has been the recipient of many industry accolades and awards, including four British Fashion Awards – winning Designer of the Year in 2013. “When Christopher Kane approached us about this opportunity, we were delighted and excited to work together with such an iconic force in the fashion world,” said Michelle Poole, senior vice president of Global Product and Merchandising for Crocs. “Working with Christopher reinforces our belief that our iconic clog is incredibly relevant in today’s style arena. This partnership becomes a terrific vehicle for transforming the ordinary into the extraordinary, and elevating the everyday into desirable l u x-
Isah V. Red, Editor Bernadette Lunas, Writer firstname.lastname@example.org
thuRsday, octoBeR 19, 2017
Christopher Kane X Crocs
HIGH FASHION CROCS. British designer Christopher Kane (inset) turns the iconic Crocs Clogs into fashionable footwear pieces in his collaboration with the brand which features clogs with tiger print in four color options. ury, two of Ch r istopher’s key design philosophies.” “They are brilliant for summer, as they are
comfortable and cooling,” says Kane, referring to the new collection. “That they look great is an added bonus.” He reveals that he has “always been a fan of the iconic Crocs Clog. They are designed for function, and that’s what attracted me to them.”
The Christopher Kane x Crocs collection comes in honey, avocado, ochre, and black options. In the Philippines, Crocs operates under its new distributor Walk EZ Retail Corporation, in partnership with the SM Retail, Inc.
The Christopher Kane x Crocs collection is exclusively available at SM Mall of Asia, Greenbelt, and Trinoma. Get connected with Crocs through @CrocsPH on Twitter, Instagram, and Facebook.
Tiffany & Co’s new jewelry collection TIFFAnY & Co. makes Tiffany HardWear, a new jewelry collection that embodies the power and spirit of new York City and the energy of its streets available to its customers. The collection name and designs draw inspiration from the urban soul of the city, where the modern rebel mixes high fashion with street style. Tiffany HardWear is as classic as it is edgy. Inspired by a unisex bracelet from 1971, the collection has been reimagined to include earrings, rings, necklaces and pendants, and goes perfectly with a leather jacket as it does with couture. The metal-intensive designs capture the industrialism of the city. The signature gauge links at the heart of this graphic collection reflect the clean, simple shapes of utilitarian hardware. A chain necklace in 18k gold features graduated links that shift in scale, with a clasp that seamlessly disappears into the piece. A reinterpretation of the original design is embellished with a detachable lock and ball for versatile styling. The unique bolt backing on a pair of triple drop earrings makes for a perfectly symmetrical design, as striking from the back as it is from the front. Tiffany is the internationally renowned jeweler founded in new York
The Tiffany HardWear is a collection inspired by a unisex bracelet from 1971
in 1837. Through its subsidiaries, Tiffany & Co. manufactures products and operates TIFFAnY & Co. retail stores worldwide, and also engages in direct selling through Internet, catalog and
business gift operations. For additional information, please visit Tiffany.com. Tiffany & Co. is available in Rustan’s Makati and Rustan’s Shangri-La only
New SKB Family from Diesel
From left: Tiffany & Co.’s vice president for marketing in Asia Pacific Erika Kerner, Rustan’s president Donnie Tantoco, and member of the board Maritess Tantoco Enriquez
KC Del Rosario shops her very own Tiffany HardWear
WHERE fashion meets innovation, the men’s collection introduces a new star: the SKB sneaker family. Innovative fabrics make SKB sneakers stand out from the rest. Using a combination of breathable camoknit mixed with suede, these designs walk the line between athletic technology and city slick. Combining pure style and technology, this innovative sneaker is built from lightweight camoknit, which is both breathable and flex-
ible. The shoe slips on easily and has a second-skin fit. The durable multi-component philon sole is designed to offer a soft and effortless sensation underfoot. Detailed with suede inserts and 3D V logo for an iconic Diesel touch. In the Philippines, Diesel is exclusively distributed by Stores Specialists, Inc., and is located at Bonifacio High Street Central, Greenbelt 3, and Power Plant Mall.
thursday, october 19, 2017 email@example.com
The modern Juan
paves the way for gender equality
ERHAPS no era has prompted a more dramatic shift in gender norms than this one; and these changes are most evident in one of the most basic facets of daily life—chores.
Where household tasks were once viewed as “women’s work” decades prior, nowadays, a more equal division of tasks for cooking, cleaning, laundry duties, and the like in the new millennium is far from unusual. According to the National Statistical Coordination Board (NSCB), Filipino men are getting more and more involved in household work. In fact, statistics show that a significant increase was seen in the beginning of 2000s, with employed men allotting an average of 5 hours working on chores. This is a big jump, compared to the average of 1.87 hours from the numbers gathered on employed men from 1979. With these findings, it’s exciting to see how this would continue to take off to new heights. A contemporary and fresh perspective on equality always starts from the core of the community, the family, and this is precisely why Ariel wants to keep the conversation going for every Juan. As an homage to the men who show their support with the simple yet powerful act of contributing to housework, Ariel’s #JuanWash campaign seeks to inspire men to embrace one of the crucial roles in making a house a home by simply chipping in on the laundry. On Sept. 1, Ariel launched the campaign online as a thank you to the Juan Washers, or the men who confidently help with the laundry thanks to Ariel Power Gel that makes washing clothes easily done in no time at all. “For a long time, it has been common for women to have a bigger share in terms of household chores. With the rise of double-income homes and a more open-minded cultural landscape, men
are now much more accepting of the idea of contributing to the housework,” explains Luisito Morante, Regional Brand Communications for Procter & Gamble, ASEAN Fabric & Home Care. Many homes have their laundry washed twice a week. If the men of the household were to set aside one day for laundry, this can mean a world of difference for the family as a whole. As a convenient reminder of how each week gives men an opportune moment to show their support, Ariel is looking to dedicate Fridays as #JuanWash days. With this slight addition to their weekly routine, the men of the household can be a New Man as an expert in laundry, all thanks to Ariel Power Gel that makes superior clean effortless. Especially formulated for better stain removal, anyone can now reach the new standard of laundry with Ariel #JuanWash. By celebrating the men who take a stand for equality through #JuanWash, Ariel continues to break barriers after coming from the successful launch of #AhonPinay – a project in partnership with TESDA (Technical Education and Skills Development Authority) that sought to provide women with more work opportunities by training them in commonly male-dominated jobs. Through #JuanWash, Ariel further emphasizes the advocacy of empowering Filipinos by showcasing the modern Juan’s role in laundry chores as a critical step towards welcoming the change to lead. Because someone who is man enough to do laundry, is someone who cares enough to let the women in their lives have the same opportunity to progress even more.
Ariel, through its Juan Wash campaign, empowers and encourages men to contribute to the housework by doing the laundry, as well as change the age-old perception that household tasks are women’s work.
to stress-free holiday shopping
BLIMS Fine Furniture offers pieces that match all kinds of living spaces and styles
Trendsetting furniture BLIMS Fine Furniture is known as the furniture store that takes pride in pieces with timeless designs that match the needs of the customer. Now, as BLIMS celebrates its 40th year, it is set to unveil collections that complement the diverse style preference of Filipino customers. As one of the country’s largest one-stop shops and ready-to-deliver furniture items, BLIMS showrooms feature collections that are functional and thematic. The Urban Living is every urban dweller’s solution to living and storage problems; while The Condo Collection is for condominium residents. This collection offers stylish yet functional furniture pieces that are perfect for limited spaces. The Sofabed Hub moves beyond the typical bifold sofa bed as it showcases a broad range of styles and mechanisms to suit the needs of the customer. Meanwhile, for customers who prioritize a good night’s sleep, BLIMS has the Mattress Gallery, a relaxing space where they can try mattresses from the top five brands in the country, including Ambassador, King Koil, Sa-
lem, Slumberland, and Uratex Premium. BLIMS also offers a wide range of style vignettes such as Timeless Elegance, which includes a plush leather sofa set from the La-ZBoy Signature Collection, walnut and black glass occasional, and dining pieces to give the space an elegant sophistication; as well as the Modern Minimalist collection, where quality materials are masterfully crafted into sleek modern pieces like the lush Mastrotto leather sofa. Shoppers may also opt for Contemporary Zen, a collection that mixes earth tones like beiges and browns to create a serene and tranquil space for the family. The look is updated to give it a modern twist. There is also the Midcentury Modern, a space that is characterized by clean lines and accentuated with smooth curved angles. The collection includes pieces like the occasional series by Cellini. The French Country Chic collection, on the other hand, has pieces designed and made in France. The occasional series in this vignette features a tiled serigraphy on a sonoma
oak wood finish. BLIMS also has the Modern American, a collection that exhibits a transitional twist on American interiors. This is highlighted by the La-Z-Boy Urban Attitudes sofa paired with a distressed occasional series featuring a herringbone wood top and brass legs. Rounding up their collection is the Scandinavian Design—simple, minimal and functional. It features a sofa series designed by Danish designer Christian Rudolph. To further elevate its exceptional customer shopping experience, BLIMS allows shoppers to have consultations with in-house designers. This helps them achieve the best aesthetic options for their BLIMS pieces. To top it off, BLIMS offers easy payment options so customers have the ability to pay and upgrade their furniture. Beyond being one of the country’s largest one-stop shops for furniture, BLIMS Fine Furniture lets customers create wonderful moments through their timeless and functional furniture pieces.
THE holidays are fast approaching, and while they’re meant to be a time to enjoy with your loved ones, they also carry the stress of a growing to-do list, heavier traffic, and unbearable crowds. Getting your Christmas shopping done in time for the parties and reunions can be a draining affair and take away the joy of the season. But getting ready for the festivities need not be a source of tension and anxiety. Mastercard, the card of choice for all your lifestyle pursuits, is partnering once more with The SM Store to give you the gift of a more rewarding shopping experience with these five easy-tofollow tips and tricks. Know who you’re buying for. Make that list and check it twice. Did you forget any of your nieces or nephews? Are you getting a token for your landlord this year? Figure out who you want to give gifts to so you can track how many items you’re buying and prepare your budget accordingly. Know what you’re looking for. Try to remember if Dad dropped any hints about what he’d like to receive this year, and start tracking down that dress your girlfriend said was cute. Decide what you’re giving to whom before you head to the store to save time and energy. When shopping for a large group like your coworkers or your kids’ classmates, you may want to buy several pieces of the same item that everyone will appreciate so you don’t have to think too hard about getting personalized presents. Know where to shop. The best places for buying gifts are one-stop shops where you can cross every item off your list in one go. The SM Store carries a wide variety of clothing and accessory lines, beauty products, baby and kids’ items, and home and office pieces that your giftees will surely enjoy. Know when to shop. Tackling your gift list a week before Christmas is like trying to run a full marathon without any training: it’s nearly impossible. Start early so you can carve out enough time in your schedule to buy presents and bypass the stampede of last-minute shoppers. Know how to score the best deals. Using your Mastercard paying is not only more secure and convenient, it also gives you the chance to splurge a little more on your family, your friends, and yourself with the P100,000 Shopping Spree promo. Shop at The SM Store with your credit, debit, or prepaid Mastercard and you could be one of over 100 lucky winners nationwide of P100,000 worth of SM Gift Cards. Until Dec. 31, every P3,000 single-receipt straight and installment transaction from The SM Store with your credit, debit, or prepaid Mastercard earns you one entry to the raffle, while presenting your SM Advantage Card, Prestige Card, MOM Card, SSI, Primo, or Love Your Body Card gives you double entries for a higher chance of winning. Purchases of cell cards, phone cards, SM gift cheques, or concert tickets at the Customer Service Counter are not entitled to a raffle entry. The winners will be chosen on Nov. 10 and Jan. 5, 2018.
THURSDAY, OCTOBER 19, 2017
Help find the next Blackwater Persona DO YOU know a guy who has what it takes to be a social media ambassador? He may be “The Gentleman,” a woman’s “ideal guy” who is calm and unﬂappable; “The Jock” who is into sports and sporting culture; “The Heartthrob,” the campus sweetheart or the boy-next-door; or “The Artist,” unconventional and unique. If you think he ﬁts any of these, nominate him for Blackwater Persona, the online ambassador search of Blackwater, the fragrance and grooming line of leading homegrown brand Ever Bilena. The lucky four personas will each get a P10,000 cash prize, a contract with Blackwater as a social media ambassador, the full Blackwater fragrance product line, plus “The Morning After” grooming service from contest partner The Urban Barber, which provides a complete “MANpering” experience and well-curated items to young urbanites. Nominators of the winners will take home P5,000 worth of gift checks and Blackwater or Blackwater Woman products. Nomination is easy! Simply like Blackwater’s ofﬁcial Facebook page, www.facebook. com/BlackwaterForMen, and upload a photo (ﬁlters of any sort are highly discouraged) of your friend in the comments section of whichever persona you think he qualiﬁes for in “The Search for the next Blackwater Persona” album. Leave a short explanation why you think he embodies the persona. Use the hashtag #BWPersona at the end of every entry. Shortlisted contestants – ﬁve for each persona – will qualify for the photo face-off round, where they must upload a creative shot of themselves as the persona for which they were nominated along with any Blackwater fragrance. Contestants with the most number of likes and shares per category will be named the Blackwater Persona. Don’t miss this once in a lifetime chance! Nominate a friend now and help him become the next face of Blackwater on social media.
The "Baby Shark" song shot into fame for its catchy beat, simple lyrics and fun dance movement. The song mentions the members of a shark family, starting from the baby to the grandparents.
Pinkfong’s ‘Baby Shark’ takes over the Internet
tune of Pinkfong’s “Baby Shark” song with the hashtag #BabySharkChallenge. Pinkfong, the original creator of the popular “Baby Shark” song series that achieved over 900 million global views, is behind this digital phenomenon. Pinkfong is a global children’s brand, best known for its fun videos and apps aimed at helping children learn. Its YouTube channels have won the YouTube Gold Play Button and boast more than 4.2 million subscribers and 3.5 billion cumulative views. Over the past month, the #BabySharkChallenge has fueled Pinkfong’s popularity in the Philippines. Since the beginning of September, the number of new subscribers on Pinkfong YouTube channel in Over the past month, fans across the country have been the country demonstrated a sharp increase of 2,000 uploading videos of themselves dancing to the catchy percent.
HE “Baby Shark Challenge” has become a nationwide sensation in the Philippines with more than thousands of video uploads across social media platforms, after seeing popular K-pop stars like Girls’ Generation, Red Velvet and Black Pink, as well as Filipino actor Drew Arellano, covering the song and dance.
Production begins on ‘Avatar’ sequels
From left: Jack Champion (Javier “Spider” Socorro), Trinity Bliss (Tuktirey of the Sully Family), Bailey Bass (Tsireya of the Metkayina Clan), Jamie Flatters (Neteyam of the Sully Family), Britain Dalton (Lo’ak of the Sully Family), Filip Geljo (Aonung of the Metkayina Clan), and Duane Evans Jr (Rotxo of the Metkayina Clan).
20TH Century Fox has revealed the newest cast members of the Avatar Sequels who recently explored Pandora – The World of Avatar at Disney’s Animal Kingdom for inspiration. Concurrent production began in Manhattan Beach, CA on Sept. 25 on the four sequels, the ﬁrst of which will be released Dec. 18, 2020. The Sully Family Jamie Flatters - Neteyam (neh-tay’ahm) Jake and Neytiri’s ﬁrst born son. Britain Dalton -Lo’ak (loh’ ahk) Lo’ak is Jake and Neytiri’s second born. Trinity Bliss - Tuktirey: (took-tee’-ray) She
goes mostly by “Tuk” (rhymes with “nuke”) She is youngest of the Sully family. Of the Metkayina Clan Bailey Bass - Tsireya (see-ray’-ah) “Reya” She is a graceful and strong free-diver – the young Neytiri of the ocean. Filip Gelio - Aonung (aw-nung’) Young male hunter/ free-diver son the Olo’eyktan of Metkayina Clan. Duane Evans Jr. - Rotxo (row’-txoh) Young male hunter/free-diver of the Metkayina. Former Hell’s Gate Adolescent Jack Champion - Javier “Spider” Socorro – A human teenager, born at Hell’s Gate but prefers his time in the Pandoran rainforest more than the asphalt of Hell’s Gate.
CROSSWORD PUZZLE Thursday, October 19, 2017
ACROSS 1 Dries out, as wood 5 Kind of hat 10 Algebra and trig 14 Grate upon 15 Question starter 16 Land measure 17 Ballet costume 18 Jazzman — Blake 19 Ice palace 20 Spread liberally 22 Lower in esteem 24 — “King” Cole 25 IV x XIII 26 Seek old haunts 30 Not specific 34 Out of control 35 Goofed up 37 Long couch 38 “Old” London theatre 39 To date 40 Plant sci. 41 Pizzazz 43 Tomato jelly 45 Sulk 46 Pleasure 48 Railroad bridge 50 Crusty dessert 51 A Miss America host 52 Makeshift 56 Eye makeup 60 BMW rival
Pinkfong’s mobile application series also hold the distinction of being one of the most downloaded apps on the App Store and Google Play Store within the Education and Family category. In particular, the Baby Shark App, which shows various versions of Baby Shark videos and offers fun games for kids, has ranked No. 1 on the most downloaded app on the Family category (Music & Video) as of Sept. 28. “We are really excited to see how Filipino users have embraced Pinkfong’s Baby Shark song and turned it into a digital sensation by creating the #BabySharkChallenge,” said Ryan Lee, the head of international business at Pinkfong. “To seize the momentum, we will continue to roll out more entertaining content that can help children learn in the most fun way and can also be enjoyed by the entire family,” he added.
61 Extinct birds 63 Speeds off 64 By and by 65 Relish tray item 66 Fateful day 67 Broken-off glacier 68 Wined and dined 69 Roman foe DOWN 1 Crafts’ partner 2 Caesar’s conquest 3 This, in Havana 4 1957 launch 5 Term of endearment 6 It comes before Fri. 7 — -eye steak 8 Like limes 9 Having tires 10 Takes vows 11 Diva’s solo 12 Water the houseplants 13 Cod kin 21 Possesses 23 Card game for two 26 Carried on about 27 French writer — Zola
28 Not shy 29 Lovers’ meeting 30 Catch on (2 wds.) 31 Bomb-squad worker 32 Run — (go against) 33 Coffee and steamed milk 36 Tie fabric 42 Biting 43 In front (2 wds.) 44 Wrinkled 45 Fortune-teller
47 Temporary job 49 Ernie of the PGA 52 Volvo rival 53 Ditty 54 Hound’s trail 55 Barbershop sign 56 Relocate 57 White House operative 58 Film spool 59 Staff subordinate (abbr.) 62 Telegraph signal
Isah V. Red, Editor Nickie Wang, Writer firstname.lastname@example.org THURSDAY, OCTOBER 19, 2017
ISAH V. RED
elated fans are thrilled with
‘MY KOREAN JAGIYA’ Global hit Thai film in Manila now
E HAD the chance to talk to TV’s woman of the hour, the star GMA Network calls “TV’s Sweetheart” for lack of anything more ﬁtting her stature, both in show business and in society, in one of the sorties to promote her currently top-rating series (perhaps the only one in the Kapuso’s primetime shows giving rival network a difﬁcult time to defeat in the rating surveys, either Kantar or Nutam).
Heart Evangelista gladly answered our questions. Here are excerpts from the conversation. How do you feel about fans being thrilled about your show and your tandem (with Alexander Lee)? I ﬁnd it really pleasurable. The last time I sensed something like this was many years ago. I think that was when I had a show with John Prats...hahaha! Chiz (Senator Escudero) went to a gathering one time and it was kind of serious, but the writers Ricky Davao as Tita Josie and the catering staff were calling me Gia! I was so surprised and at the same time glad. How are you with Alexander? We’re okay. He is a nice guy. One time he came to visit me at home, I was painting then. He asked if I was busy because he wanted to translate a song (it was in English) to Korean. He said he’d just eat with Chiz if I don’t have the time. What does he eat? Anything. Lechon na paksiw Janice de Belen as Tita Aida tsaka embutido. What happened in Naga? support for the show. Yes, after the mall show, we What are your plans for your drove to Sorsogon (for three hours) two decades in show business? and there we had late dinner. It I don’t know. I think I’m going was Ms. Redgyn Alba’s birthday to have a baby on my 20th year. so we had a little celebration. We *** got there almost midnight, but we The ﬁrst on-screen kiss between stayed up only for not more than a Heart and Alexander was lapped couple of hours because we had to up by followers of the show. And be up early for our ﬂight back to so was the love triangle among Manila from Legazpi. Ricky Davao, Janice de Belen Alexander had a great time. He and Raymart Santiago. said our province is beautiful and The kiss happened in a scene very different from Korea. And we shot in Las Casa Filipinas de were both astonished to see some Acuzar in Bataan. 20,000 people in the mall in Naga. Meanwhile Tita Aida (Janice Your fans are thrilled to see de Belen) and Tita Josie (Ricky you with Alexander. Davao) were pulling hair over Yeah and we’re glad that Dodong (Raymart Santiago), and we’re breaking the traditional the fans loved it. perception that a star should be I think this what gets the fans single to have chemistry with her hooked on th show. leading man. *** Do you respond to comments Alexander Lee’s mother and by fans? sister came to Manila. The Yes, to all, because that’s how I Korean actor said he was happy extend my appreciation for their that her mom and sister, Victoria,
The cast of the mega hit heist thriller film, "Bad Genius"
Heart Evangelista and Alexander Lee in "My Korean Jagiya's" latest episode shot in the sprawling seaside heritage resort in Bataan
immediately felt at home in the Philippines. “Here in the Philippines, I already feel at home already so when they came here, it felt even more like home so I’m really happy about it,” Alexander said. Alexander’s mom was very happy to see his son doing very well in the Philippines and glad to learn his Filipino fans really love him. Victoria, his sister said, “It’s very new, I like the whole new idea combination of Korean drama and the Philippines. As a sister, I’m very proud of him and I have a lot of hope for his future career.” ***
The leading man of Lovi Poe, Max Collins, and Rhian Ramos in the upcoming series about three women that got involved romantically with the same man will be revealed soon. This will be the news of the season when it happens. *** Pitalicious Shawarma, one of the fastest rising food cart businesses in the country, has comedy queen Aiai de las Alas for its ﬁrst brand ambassador. Aiai signed the contract at a press conference held recently at Victorinos with Pitalicious Corp. Owners Brian and Ghilian Fransisco.
From left: Rhian Ramos, Lovi Poe, and Max Collins join forces to give audiences new reason to stay glued on their TV sets
ASIA’S biggest international movie hit Bad Genius has opened in theaters yesterday. The movie, directed by Nattawut Poonpiriya, stars the phenomenal Chutimon Chuengcharoensukying in her acting debut as Lynn, a straight-A student who devises an examscheating scheme which eventually rises to international levels. The movie is an exciting, fun thriller based on real-life news of school cheating, and features themes of class inequality, and relatable teen social issues. Hailed as the highest-grossing Asian ﬁlm in Cambodia, Taiwan, Malaysia, and Hong Kong, Bad Genius has received critical and commercial success during their screenings at different ﬁlm festivals around the globe. On the festival circuit, Bad Genius was screened as the opening feature of the 16th New York Asian Film Festival and won awards like Best Feature and Screen International Rising Star Asia award for lead star. It was the ﬁrst Southeast Asian ﬁlm to be chosen to open the event. Due to its impressive attendance, the movie received encore screenings and bagged four awards including Best Film, Best Asian Feature Film, Best Director and Best Innovative Feature Film at the Fantasia International Film Festival. As the ﬁlm was met with critical acclaim, in Asia and overseas, the movie also won the Fukuoka Audience Award at the Focus on Asia Fukuoka International Film Festival 2017 being the ﬁrst Thai ﬁlm that ever has received this award; and selected for Vancouver International, BFI London and Fantastic Fest ﬁlm festivals. Hollywood Reporter heaped praise for the movie saying, “Bad Genius scores high marks as a ceaselessly entertaining thriller,” while Variety noted, “the ﬁlm is executed with that studio’s trademark technical slickness and hip style, but director also offers subtle yet stinging insight into Thailand’s class inequalities and corrupt school system.” Aside from the Philippines, Bad Genius is showing in at least 7000 cinemas, in China (it opened on Oct. 13), Korea (opening today), Australia (Oct. 26) and Japan, also this month. Other countries where the ﬁlm is also screening include Laos, Singapore, Indonesia, Vietnam and Brunei. Bad Genius is distributed in the Philippines by Silverline Multimedia.
Published on Oct 18, 2017
The digital edition of Manila Standard: A nationally circulated newspaper published daily in the Philippines since February 1987.