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Rody vetoes job security bill Says it destroys ‘delicate’ balance in labor-mgt ties By MJ Blancaflor

RESIDENT Rodrigo Duterte has vetoed the security of tenure bill that prohibits all forms of contractualization, the Palace said Friday, drawing cheers from the business community and condemnation from organized labor.

VOL. XXXIII • NO. 163 • 3 SECTIONS 16 PAGES • P18 • SATURDAY, JULY 27, 2019 • www.manilastandard.net • mst.daydesk@gmail.com

In a letter addressed to Congress dated July 26, the President said the bill “unduly broadens the scope and definition of prohibited labor-only contracting” and said legitimate forms of job Next page

Workers’ groups, solons slam Duterte ‘betrayal’ By Joel E. Zurbano and Maricel V. Cruz THE Trade Union Congress of the Philippines slammed foreign businessmen and their chambers of commerce for interfering in the country’s domestic policy following President

Rodrigo Duterte’s veto of the proposed Security of Tenure bill. “They are engaged in an unwarranted interference in the purely domestic affairs of the Filipino people. They are also infringing [on] our sovereignty. We remind these businessmen and chambers that while

we welcome their investments, it should not be at the expense of denying what should rightly be regular jobs for Filipinos,” the group said in a statement Friday. The TUCP said it took 19 years in Congress for the SOT bill to reach Next page

‘ENDO’ STILL ALIVE. President Rodrigo Duterte, speaking Thursday night at the inauguration of

the Candon City Bypass Road in Ilocos Sur, announces his veto of the Security of Tenure bill, to the relief of the business community and the condemnation of organized labor groups and short-term contract workers most affected by the move, like department store salespersons and fastfood chain staff (inset). Presidential Photo with Lino Santos

‘President’s verbal accord with Xi part of his power’ By MJ Blancaflor

THE Chief Executive can enter into an agreement with any country without the approval of Congress, the Palace said Thursday, defending President Rodrigo

Duterte’s verbal agreement with Chinese President Xi Jinping in 2016 to allow Chinese fishermen to ply their trade in the Philippines’ exclusive economic zone. “The President, as the chief architect of our foreign policy, has the authority to en-

ter into executive agreements, written or oral,” Presidential Spokesman Salvador Panelo said in a statement. Panelo said the President can exercise “quintessential power” without the Next page

PNP: No worry over Chinese exodus in PH

FESTIVAL QUEEN. A student wearing a costume and props made from waterlily plants performs a street dance on Friday during the 14th Waterlily Festival hosted by Senator Cynthia Villar at the Villar Sipag Center along C5 Extension in Las Piñas City. Lino Santos

Du30 eyes end to ML in South Recto bats for nat’l Anti-Dengue Day By Joel E. Zurbano SENATOR Ralph Recto on Friday urged the government to conduct a nationwide “Anti-Dengue Day” to boost public awareness of the disease. Next page

By MJ Blancaflor PRESIDENT Rodrigo Duterte said Thursday night he no longer plans to seek an extension of martial law in Mindanao unless local chief executives there think it is in the best interest of the people. “Mindanao continues to be a [a peace and order] problem [but] I am not advocating any continuance of the martial law,” he said in a speech during the inauguration of a major road in Candon, Ilocos Sur. Next page

THE Philippine National Police on Friday said there is no reason to be alarmed with the reported increase of Chinese nationals in the Philippines, even after National Security Adviser Hermogenes Esperon expressed concerns over it. This dovetailed with a Malacañang statement Friday saying it sees no reason to raise concern over the rise in the number of Chinese citizens in the country. “Our countrymen should not be worried because our country has a great relationship with China,” PNP spokesman Brig. Gen. Bernard Banac said in a press briefing. “As of now our situation is under control.” At the Palace, Presidential Spokesman Salvador Panelo said most Filipinos only see the Chinese workers, “but we cannot allow workers prolonging their stay and working here without Next page

Leyte Rep. Martin Romualdez and Tingog Sinirangan Party-list Rep. Yedda Marie Romualdez extend their felicitations to Iglesia ni Cristo Executive Minister Brother Eduardo Manalo (inset left) on the homegrown religious group’s 105th founding anniversary today.

Romualdez couple hail INC rites By Maricel V. Cruz

HOUSE Majority Leader and Leyte Rep. Martin Romualdez and his wife, Tingog Party-list Rep. Yedda Marie Romualdez, on Friday congratulated the Iglesia ni Cristo on its 105th found-

ing anniversary this Saturday. “We congratulate the influential and well-respected Iglesia ni Cristo led by Executive Minister, Brother Eduardo V. Manalo, on its 105th founding anniversary, the Romualdez couple said in a Next page

DOJ assures Leni et al. of fair probe in ‘Bikoy’ case By Rey E. Requejo

tion complaint filed against them by the Guevarra made the assurance as the Philippine National Police, which has ac- special panel of prosecutors tasked to VICE President Leni Robredo and her cused them of plotting to destabilize and conduct a preliminary investigation co-respondents will be shown “utmost oust Presdient Rodrigo Duterte, Justice issued subpoenas Friday requiring the Next page fairness” in the resolution of the sedi- Secretary Menardo Guevarra said Friday.

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Solon: ‘Money bands,’ not bomb joke By Maricel V. Cruz

PARTY-LIST legislator was briefly held at the airport on Thursday afternoon for allegedly making a bomb joke while checking in for his flight.

refrain from uttering statements which may cause undue concern, alarm and panic. PAL, the Aviation Security Group and our civil aviation authorities do not take such utterances lightly,” the airline said. “We confirm that Congressman Sergio Dagooc checked in for his PR2525 flight for Cagayan de Oro yesterday [July 25]. When the PAL check-in agent asked him regarding the contents of his luggage, he replied “clothes” and was eventually asked what else was inside, to which he replied “bomba” [bomb].”

Dagooc, who speaks with an accent so thick you could slice it with a knife, said he told the woman at the counter that he had “money bands” in his handcarry bag, but the woman misheard it as bomb. Dagooc was asked why his bag was heavy, but he did not elaborate on how much money he was carrying in his bag. “My hand-carry bag exceeded the allowable weight for hand carry baggage from the maximum seven kilos to 11 kilos,” said Dagooc who was allowed to take his flight later. With Joel E. Zurbano

Rep. Sergio Dagooc was held by aviation police at the Ninoy Aquino International Airport Terminal II after allegedly saying there was a bomb in his bag. “I did not crack a bomb joke. What I said was money bands, but the woman

at the counter heard it as bomb,” Dagooc said in an interview. In a statement, Philippine Airlines said the incident involving Dagooc was most unfortunate. “We appeal to all our passengers to

Workers’ groups,... From A1

PNP to aid LGU crackdown on road obstructions

this stage, only to have it blocked by those who “stand in the way of the struggle of Filipino workers and their families’ struggle for decent work through secure and regular jobs.” The Department of Labor and Employment and labor groups had thrown their full support for the bill. On Friday, they said President Duterte’s veto would enable companies to keep hiring contractual workers who will be terminated after only five months and rehired on the same contractual basis, as a way to avoid regularizing their workers. The Employers Confederation of the Philippines, on the other hand, welcomed the veto. “We’re very glad that Malacañang has finally made up its mind that the security of tenure bill will only lead to loss of jobs and investments,” ECOP president Sergio Ortiz-Luis said. He said ECOP would police its own ranks to end abusive contractual practices. Duterte clearly turned his back on workers, the TUCP said. “The most democratic and most peaceful struggle of ordinary workers out of their poverty trap to endo are shut by a man who promised to introduce genuine change and uplift them,” TUCP president Raymond Mendoza said in a statement. “President Duterte certified the security of tenure bill as an urgent measure in his 2018 State of the Nation Address, saying he did not have the power to end endo and only Congress, which has the legislative power, could do this. Now that Congress has acted on his certification, why veto something he certified as an urgent national bill?” The TUCP also said the bill was not a disincentive to businesses, who could still hire seasonal and contractual workers.

Du30... From A1 “But if the local government units, the governors, mayors and even congressmen, would find it that it would be to the best interest of the Filipinos in Mindanao, I would not hesitate to say yes,” he added. Mindanao has been under martial law since the siege of Marawi City, Lanao del Sur in 2017. Congress has extended martial law in Mindanao thrice, and it is set to lapse at the end of 2019. National Security Adviser Hermogenes Esperon Jr. on Tuesday said he would recommend an extension of martial law in Mindanao due to recent terrorist attacks. Authorities confirmed that a bomb attack in Indanan, Sulu last month was the first by Filipino suicide bomber. A military official also said that seven foreigners were training local recruits in Mindanao to become suicide bombers. In his speech Thursday, Duterte called out the Islamic State for its “corrupt” and “stupid” ideology. “Now, the Abu Sayyaf, Maute, they are all ISIS. They have pledged allegiance to a very corrupt and empty and stupid religious ideology. They do nothing but kill and destroy,” he said. “They cut off the heads of my soldiers, decapitate the police officers they captured. And even civilians and foreigners,” he added.

DOJ... From A1 vice president and other respondents to answer the allegations against them. The panel has set the first preliminary investigation hearing on Aug. 9 at 10 a.m. Opposition leaders named in the case have dismissed the charges an act of political persecution and harassment. Robredo, Senators Risa Hontiveros and Leila de Lima, former Senators Paolo Benigno Aquino IV and Antonio Trillanes IV, several members of the Otso Diretso senatorial slate, a number of Catholic clergy, and officers of the

By Joel E. Zurbano and Rio N. Araja

THE Philippine National Police will assist local government units in the campaign to clear national roads of traffic obstructions, in line with the recent directive of President Rodrigo Duterte. Mayors in Metro Manila were given a 45-day ultimatum to crack down on illegal parking and other road obstructions in the metropolis or face sanctions or suspensions. “The directive of President Duterte is clear. Clean the streets and let the pub-

Rody... From A1 contracting must be allowed. “While labor-only contracting must be prohibited, legitimate job-contracting should be allowed, provided that the contractor is well capitalized, has sufficient investments, and affords its employees all the benefits provided for under labor laws,” the letter said. President Duterte also said that while he commits to the protection of workers against abusive employment practices, the conflicting interests between labor and management must be balanced. “I believe the sweeping expansion of the definition of labor-only contracting destroys the delicate balance and will place capital and management at an impossibly difficult predicament with adverse consequences to the Filipino workers in the long term,” Duterte said. “Our goal has always been the target of abuse, leaving businesses free to engage in those practices beneficial to both management and the workforce,” the letter said. The security of tenure bill enrolled in Malacañang for approval was the consolidated versions of Senate Bill No. 1826 and House Bill No. 6908. The measure was certified by the President as urgent in September 2018, but he made no mention of the bill, which was ready for his signature, in his State of the Nation Address this year. Presidential Spokesman Salvador Panelo told reporters late Thursday night that the enrolled bill was vetoed by the President, but he took it back,

PNP: No worry... From A1 proper documentation.” Esperon had noted that some of the Chinese “are undocumented, not registered as workers. Have they contribute to the economy? Have they become threats?” A Department of Finance task force said that more than 100,000 foreigners are in the country working for Philippine offshore gaming operators or POGOs. Most of these workers are Chinese and supposedly don’t pay income taxes,

Romualdez... From A1 joint statement. “We wish the INC more numerical strength, recognition and to continue to succeed in propagating the spiritual guidance, unity, good news and positive traits of the Filipinos.” Integrated Bar of the Philippines are expected to be ordered to answer the complaint filed by the PNP-Criminal Investigation and Detection Group. The Justice secretary said prosecutors would resolve the case based on the evidence or lack of it. “I assure everyone of utmost fairness in the resolution of this case. The evidence, or the lack of it, will speak for itself,” Guevarra told reporters. “In the ordinary course of things, the complaint shall be dismissed as to those respondents against whom no evidence is presented, while those against whom sufficient evidence is presented shall accordingly be indicted. Let’s wait until

SC orders Tulfo to pay more libel damages BROADCAST journalist Raffy Tulfo and others must pay more damages after losing a libel suit stemming from a column he wrote for a tabloid 2003, the Supreme Court has ruled. In an April 10 decision only made available to the media on Thursday, the SC Third Division also ordered Tulfo and representatives of Abante Tonite’s publisher to pay businessman Michael Guy P500,000 in moral damages, P1 million in exemplary damages, and P211,200 in attorney’s fees. It was an increase from the P500,000 in moral damages and the same amount of attorney’s fees that the Court of Appeals had ordered Tulfo and the tabloid’s officials to pay Guy in 2014. “Here, respondents published the libelous article without verifying the truth of the allegations against petitioner,” the Supreme Court held in an 18-page decision. The Makati City Regional Trial Court convicted Tulfo and the other respondents of libel in 2010, which the CA affirmed, modifying the amount of damages in 2013 and 2014. Guy is the owner of MG Forex Corp., one of the largest non-bank foreign exchange firms in the country. He elevated his case to the high court to seek P5 million in moral damages. However, agreeing with the appeals court, the SC Third Division found that Guy “failed to substantiate the loss he had allegedly sustained.” The executives ordered to pay Guy, apart from Tulfo are Abante Tonite’s Allen Macasaet, Nicolas Quijano, Jr., Janet Bay, Jesus Galang, Randy Hagos, Jeany Lacorte, and Venus Tandoc. They did not appeal their conviction to the Supreme Court, thus their criminal liability was not raised as an issue. Only Guy asked for a higher amount of damages.

lic use public facilities. Anarchy must be contained. It ‘s about time the country starts cleaning itself up,” said Maj. Gen. Guillermo Eleazar, director of the National Capital Region Police Office. He said the NCRPO is also committed to support Duterte’s order to reclaim public lands from unscrupulous persons who have made these lands private for their own use. Meanwhile, Quezon City Mayor Joy Belmonte on Friday likened the clean-up of her city to a “marathon, not a sprint.” She said Quezon City is four times bigger than any other city or municipality in

Metro Manila, and also has a lot of public markets compared to other localities. “People seem to forget that other local governments are much smaller than Quezon City,” she said in an interview over dzMM radio. “I’m begging for the indulgence of our listeners given this situation. However, we are acting on it already.” “This is a marathon, not a sprint. It is very important that we would have a proper plan, (and) that we have full information... that we bring in the help of the stakeholders, the citizens, (and) especially the barangays,” said Belmonte, who was QC vice mayor in the last nine years.

saying it was still being studied. On Friday, Panelo said the authors of the bill and the labor sector should not feel “disappointed” and “betrayed” by the decision of the President to veto the proposed measure. “As a thinking and pragmatic President, PRRD realized that an over-reaching prohibition and without identifying exemptions on farming out services, deemed legitimate contracting, will adversely affect businesses, and trigger their closure thereby cause the termination of employment of our workers,” Panelo said in a statement. “The passage of the bill could also discourage investment and remove the great potential of providing employment to our unemployed,” he added. The spokesman also said the government is confident that the Congress will legislate a law that will be “both protective of the rights of the workers and the business sector.” Panelo, who also serves as Duterte’s chief legal counsel, said the President’s promise to end unfair practices of contractualization will still be be pursued. A few days before the bill was to lapse into law on July 27, Socioeconomic Planning Secretary Ernesto Pernia said the bill needed “tweaking” so it would not be detrimental to investments and enterprises. Major business groups also made a last-minute plea to President Duterte, asking him to veto the bill. These included the American Chamber of Commerce of the Philippines, the Makati Business Club, the European Chamber of Commerce of the Philippines, and the Philippine Chamber of Commerce

and Industry. They claimed the measure would impinge on freedoms of companies to make managerial decisions and would ramp up the cost of doing business, which could lead to job losses. If the bill had been signed into law, it would have been illegal for a job contractor to merely supply and recruit workers to a contractee. It would have also been illegal for workers supplied to a contractee to perform tasks or activities that are listed by the industry as directly related to the core business of the contractee. In May 2018, Duterte had signed an executive order on contractualization that labor groups slammed as “useless” as the President admitted the only way to end labor-only contracting is to amend the Labor Code, which only Congress can do. Labor groups already had problems with the bill submitted to Duterte for his signature. The Partido Manggagawa; Alliance of General Unions, Institutions, and Labor Associations; and the Philippine Airlines Employees Association had rejected the bill, claiming it was a watered down version of the bill the House of Representatives had adopted. The groups had wanted the following features in the bill: Prohibition of fixed-term employment and multi-layered contracting; and stiffer fines and penalties, including closure of agencies found guilty of labor-only contracting. The House had decided to abandon this bill and adopt the Senate version instead, to expedite its progress in Congress.

which amounts to P2 billion a month, the agency said. Senator Franklin Drilon, a former labor secretary, said last year that around 400,000 Chinese workers, including those without documents, were in the country. A Nikkei Asian Review report last March said the number of Chinese nationals in the country has nearly tripled since President Rodrigo Duterte came to power in 2016. These Chinese “filled hotel rooms and office towers previously intended for US call centers, snapped up condominiums and boosted retail sales. But despite the economic benefits, there has

been a mounting backlash from locals who fear Chinese workers are taking jobs, evading taxes and committing crimes,” the Nikkei report added. Bureau of Immigration statistics secured by Nikkei also noted that Chinese get over half of the working visas granted by the Philippines, rising nearly 20 times the number from 2014 to 2018. Chinese seeking special work permits in the country have also jumped under the Duterte administration, from less than 5,000 in 2014 to over 200,000 last year, the same BI statistics showed. Jimbo Gulle

need for the approval of the Congress because “executive agreements are usually less formal” and “with a narrower range of subject matters than treaties.” The statement came after former top diplomat Albert del Rosario and former Ombudsman Conchita Carpio Morales called the verbal fishing deal “illegal, null and void.” Duterte’s verbal agreement with Xi surfaced after a Chinese vessel hit and sank a Filipino fishing boat in Recto Bank, which is within the Philippines’ EEZ, and left its crew in distress in open water on June 9. The deal drew fire because the 1987 Constitution states that Filipinos should exclusively enjoy the marine wealth within the territory of the Philippines. Meanwhile, a Pulse Asia survey conducted from June 24 to 30 found that 36 percent of its 1,200 respondents wanted the Chinese crew punished for abandoning the Filipino fishermen. Most respondents in Metro Manila favored asking China to sanction its own fishermen. Moreover, 26 percent of the respondent said the Chinese government should pay for the damage done to the Filipino fishing boat, the Gem-Vir 1. Some 19 percent said China should present those involved in the incident before a Filipino court, while 10 percent said Manila and Beijing should draft rules to address simialr incidents.

The Romualdez couple praised the INC for its meaningful activities that concentrate on job creation, education, health and environmental assistance where even non-members have been benefiting. “Iglesia ni Cristo has been responsible for helping the character formation of Filipinos, especially the youth, in nation-building being one of the country’s moral compasses. Thank you Ka Ed-

uardo for always being there to achieve social reforms and for promoting public welfare through your passion of serving God and country.” The Romualdez couple said the Iglesia ni Cristo’s devotion to the abiding truth of God’s love has helped the revival of “bayanihan” among Filipinos. “We are so fortunate to have the Iglesia ni Cristo whose leadership has been

consistently behind humanitarian activities nationwide and some parts of the world through Lingap sa Mamamayan socio-civic malasakit [compassionate] program,” the couple said. “This world-class initiative has shown the whole world that the ‘Bayanihan’ spirit is going great and is alive here in our country, and our people will forever remember this.”

this process is completed,” he added. Last week, the PNP-CIDG asked the DOJ to prosecute Robredo and her co-respondents for sedition, inciting to sedition, cyber libel, libel, estafa, harboring a criminal, and obstruction of justice for plotting to oust the President by implicating him and his family in the illegal drug trade. The sworn affidavit submitted by Peter Joemel Advincula, the man who said he was the hooded “Bikoy” figure in the “Ang Totoong Narco-list” viral videos implicating the presidential family and a Cabinet official to illegal drugs, was the basis for the filing of criminal charges against Robredo and her corepsondebnts.

Recto... From A1 “If there’s an Earth Hour and a National Earthquake Drill Day, both effective in raising the national consciousness on climate change and disaster preparedness, then why can’t we have an Anti-Dengue Day?” Recto said. He made the appeal amid the reports of a dengue surge in the country. “Never underestimate the power of using milestones as a social mobilization tool,” Recto said. He said this tool was done by the late former Health secretary and Senator Juan

‘President’s... From A1

Flavier who, “without sending a single tweet,” was able to marshal public opinion to the side of public health causes. Flavier, a Health secretary from 1992 to 1995, launched creative marketing drives like “Oplan Alis Disease” to promote the universal vaccination of Filipino children. Recto said the template could be used against dengue “because for any disease, information precedes prevention, control and treatment.” If there is a “Mosquito Awareness or Annihilation Day” or MAD or a “Tepok Lamok Hour,” it could be a big help in raising public awareness on how to avoid the disease, Recto said.

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Party-list group lauds Du30 for ordering LBP to help farmers

BYPASS ROAD.

President Rodrigo Roa Duterte drives through the Candon City Bypass Road in Ilocos Sur during its inauguration on July 25. With the President are Senator Christopher Lawrence ‘Bong’ Go and Public Works and Highways Secretary Mark Villar. Inset photo shows a portion of the seven-kilometer Candon City Bypass Road, which is expected to decongest traffic along the northern part of Manila, Ilocos Sur, Ilocos Norte, and Abra. Presidential Photo

By Maricel V. Cruz THE party-list group Butil on Friday thanked President Rodrigo Duterte for ordering the Land Bank of the Philippines to revert to its original mandate of supporting small farmers and agrarian reform beneficiaries. The group, headed by Rep. Cecil Chavez, told reporters that the LandBank “has lost its way and has gone full corporate” in violation of its original mandate. Following Duterte’s order, several legislators have been reported to be preparing either resolutions or bills that call on the LandBank to focus on agricultural loans. House Majority Leader Martin Romualdez of Leyte is expected to prioritize the measures in the chamber’s agenda. Former Rep. Cecil Chavez said that the misery and impoverishment of small farmers is partly due to the lack of a dedicated credit at cheap rates to small Filipino farmers, similar to the interest charges on small farmers in Thailand and other progressive farming countries. “Time and again, Butil Party-list has been saying this: Credit is the lifeblood of farm production, accessible and affordable credit is critical to farm production. Farmers must have financial accessibility which would include government subsidy and grants.” Chavez said. Chavez said that the P800 billion yearly loan portfolio of the LBP “ goes to the like of bankrupt Hanjin and almost zero for small farmers .” Chavez said that of the $412-million unsecured loan granted by five banks to Hanjin, $85 million came from the Land Bank of the Philippines. Chavez said that what is reported as “agriculture lending’’ in the yearly report of the LBP is mostly loans granted to agri-business giants and to corporate interests allied to agri-business. “Through the years, the supposed lending of the LBP to agriculture has been to corporate agriculture and never to small farmers and agrarian reform beneficiaries,” Chavez said. Chavez said that while the LBP takes pride in its industry rankings, being third in assets and always on the list of the Top 4 banks in the country, “that has been achieved with the farmers as sacrificial lambs.”

Duterte bans importation of rice during harvest time

HERE will be no importation of rice during harvest time.

This was the explicit order issued by President Rodrigo Duterte in seeking a ‘happy’ compromise with the farmers amid concerns that the inﬂux of imported rice will hurt the local industry. The president issued the statement during a road inauguration in Candon City, Ilocos Sur on Thursday. “Ayaw ko. That’s what I said. Ubusin mo muna bilhin, kung mahal magpalugi na lang tayo kaysa magbili tayo. Then ang tradeoff niyan, ang drawback, is magsama ang loob ng mga farmers,” he said. “Hindi lang dito, both Visayas and Mindanao. So there has to be a compromise there that during the

harvest season or the coming of the harvest season, your reserve will be used then you start to buy. Pagka mahal, bilhin mo na.” President Duterte has signed the Rice Tarriﬁcation Law last February which allows unlimited importation of rice as long as private sector traders secure a phytosanitary permit from the Bureau of Plant Industry and pay the 35 percent tariff for shipments from neighbors in Southeast Asia. At the same time, the government put up safety nets in the law, including a comprehensive assistance program for farmers worth P10 billion a year for the next six years. At the same time, a Rice Competitiveness Enhancement Fund (RCEF) would be used to provide key interventions to support farmers and

Customs agents seize P5.5-m illegal drugs at CMEC

COA flags DOH over P4b worth of delayed, idle projects

By Joel E. Zurbano

By Rio N. Araja THE Commission on Audit has called the attention of the Department of Health for P4 billion worth of delayed, unutilized or idle projects in 2018. In a 2018 audit report, state auditors said P1.48 billion worth of projects under the DOH’s health facilities enhancement program were not completed within the contract time, and that another P1.43 billion remained idle, unused or not fully operational or underutilized. Moreover, P1.3 billion worth of project suffered delayed implementation. CoA blamed the failure of DoH to guarantee that the contractors would be able to comply with the terms and conditions stipulated in the contracts. “Such delays caused noncompliance to the terms of implementation period stipulated in the contract and hindered the attainment of the objective of providing HFEP projects to the intended recipients in order to improve the delivery of basic, essential as well as specialized health services through the rationalization and critical upgrading of health facilities nationwide,” the report read. COA said the other remaining P1.3 billion worth of HFEP projects the experienced delay only commenced in the last quarter of 2018, citing the revisions of the plan, deﬁcient or inadequate planning and the contractors’ fault were responsible for the delay. “The progress of the construction was very slow which resulted in slippages,” COA said. “As a result, parallel revitalization of primary health care facilities and rationalization of the various levels of hospitals to strengthen their capabilities and potentials with the end view of improving the accessibility and availability of basic and essential health care to the public cannot be immediately achieved,” it said.

enhance their competitiveness and profitability, including providing them with farm machinery and equipment to improve farm operations, rice seed development, propagation, and promotion, expanded rice credit, and extension services. The law also mandates that a portion of the rice tariff revenues in excess of P10 billion would be used to provide direct financial assistance to rice farmers affected by the removal of the quantitative restriction and for diversification to high-value crops. The implementation of the law have contributed to the continuing slower inflation which aims to make market rice prices affordable. In June for instance, the inflation rate posted its slowest in 21 months at 2.7 percent.

CHARGED. National Bureau of Investigation officials present two Bureau of Internal Revenue personnel identified as Alfredo Pagdilao and Agrifina Vallestero who were charged with graft and corruption, plunder and extortion.The two were arrested in an entrapment operation in a hotel after they receive the P75 million marked money while two other suspects remain at large. Norman Cruz

SC orders Kentex to pay its workers P1.4m By Rey E. Requejo THE Supreme Court has ordered the finance executive officer of Kentex Manufacturing Corp., owner of a slipper factory which burned down in May 2015, to pay P1.4 million to 57 underpaid workers. In a July 8, 2019 decision, the SC’s First Division resolved to reinstate an order of the Department of Labor and Employment holding Kentex general manager and treasurer Ong King Guan liable to pay its underpaid workers. The SC decision penned by Associate Justice Mariano del Castillo reversed a 2017 Court of Appeals ruling that discharged Kentex official from monetary liability that had been set by an order of the DOLE - National Capital Region (DOLE-NCR) in 2015. The DOLE order, “finding respondent Ong King Guan solidarily liable to pay the employees named in the Order the amount of Php 1,440,641.39 is hereby reinstated,” the SC ruled. The P1.4 million represents underpayment of basic wages, premium pay, night shift and overtime pay; nonpayment of cost-of-living allowance and regular holiday pay; and unauthorized deduction of cash bond, among others.

The DOLE order originally held Kentex and/or Kentex chairman and CEO Beato Ang and Ong to pay the amount. The Labor department brought the case to the SC after the CA ruled that Ong could not be personally held liable for the debts of Kentex “without a showing of bad faith or wrongdoing on his part for the corporation’s unlawful act.” The DOLE argued that its 2015 order had become final and executory, and therefore unalterable by the CA, after Ong failed to file an appeal before the DOLE secretary within the allowed period. In ruling against Ong, the tribunal sided with the DOLE that its order had lapsed into finality. “The June 26, 2015 Order having become final, it could no longer be altered or modified by discharging or releasing Ong from his accountability,” the high court said. The High Court also found no merit in Kentex and Ong’s claim that they had been deprived of due process, finding that they “substantially participated” in the DOLE-NCR proceedings. “Thus, it is self-evident that the CA committed serious error when it ordered the discharge or release of Ong from the obligations of Kentex,” the tribunal pointed out.

CUSTOMS agents at the Ninoy Aquino International Airport intercepted shipments of illegal drugs worth P5.5 million at the Central Mail Exchange Center in Pasay City. NAIA Customs district collector Carmelita Talusan said her men in cooperation with the Philippine Drug Enforcement Agency conﬁscated the parcel shipments containing 1,490 tablets of ecstasy, 3,320 tablets of valium and 1,850 grams of high grade kush weeds/marijuana described by the importers as “gifts, letters and snacks”. The P2.3 million worth ecstasy tablets from Germany was declared as gift and the P2.9 million kush/ marijuana from USA were declared as snacks (tortilla chips). The consignees of the two parcels are from Cavite and San Juan City while the owner of kush/marijuana has been previously apprehended and now in PDEA custody. Talusan said the shipment of P56,000 worth valium tablets are bound for export to 36 consignees in eight countries (USA, Australia, Abu Dhabi, Germany, Saudi Arabia, France, Sweden, Spain and the United Kingdom) and sent by four different shippers from Parañaque City and Bulacan. Since Aug. 30, 2017, Customs has also been very proactive and relentless in its effort to combat the smuggling of illegal drugs. The bureau was able to intercept an estimated P3.436 billion worth of illegal drugs and arrested a total of 23 drug personalities. Talusan said Customs continues to strengthen its coordination with other regulating agencies to secure the Philippine borders and protect the environment from illegal wildlife traders, illegal entry of drugs and other prohibited goods, among others.

Major roads undergo repair, reblocking THE Department of Public Works and Highways will continue its reblocking and other repair works on major roads in the metropolis this weekend. The road works, according to DPWH-National Capital Region director Ador Canlas, will start at 11 p.m. Friday (July 26) until 5 a.m. on Monday after the Metro Manila Development Authority gave the go signal to resume their operations. Canlas said that road works at Epifanio de los Santos Avenue covering southbound direction from Roosevelt Avenue to Bansalangin Street, 2nd lane from sidewalk; from Magallanes-Baclaran Bus Stop going to Magallanes-Alabang Bus Stop, outer lane; and from Eugenio Lopez Drive to Scout Borromeo (desilting and construction of manhole); and at the northbound direction from before New York Street, 1st lane from sidewalk. Road works will likewise be undertaken at the northbound direction of Circumferential Road 5 (C5), from C.P. Garcia approach to Kalayaan Avenue Extension. Joel E. Zurbano

PH space app champs visit US space center THE United States government has sponsored a visit to Kennedy Space Center of the Filipino team that won the 2018 NASA Space Apps Challenge in the “Best Galactic Impact” category. In a statement, the US Embassy in the Philippines said the Filipino Team iNON visited the Kennedy Space Center in Florida from July 22 to 24, 2019 and presented their winning app to a panel of National Aeronautics and Space Administration officials and media. The team created ISDApp as a mobile platform that enables local government officials to provide fisherfolk with information about real-time weather and sea conditions. The three-day program, which coincided with the 50th anniversary of the Apollo 11 moon landing, opened with presentations by 2018 Space Apps Challenge winners from around the world. A tour of the Space Center followed. While at the Kennedy Space Center, Team iNON also witnessed the July 25launch of the SpaceX Falcon 9 CRS-18 spacecraft. Rey E. Requejo

Former N. Ecija clerk of court fined THE Supreme Court has penalized a retired clerk of court of the Municipal Trial Court in Cities, Gapan City, Nueva Ecija after finding guilty of serious dishonesty, grave misconduct and gross neglect of duty for incurring P1,617,312.29 shortage in court funds. In an 11-page en banc decision dated June 8, 2019, the SC ordered retired Clerk of Court IV Erlinda P. Patiag to pay a fine equivalent to her salary for six months computed at the salary rate of her former position to be deducted from the monetary value of her earned leave credits and other retirement benefits. The high court ruled that Patiag, who compulsory retired in 2014, “showed carelessness or indifference in the performance of her duties” and found that she “offered no veritable explanation nor satisfactory reason to support the shortages that she incurred.” Rey E. Requejo

Opinion

SATURDAY, JULY 27, 2019

mst.daydesk@gmail.com

Reject the death penalty PRESIDENT Rodrigo Duterte made a strong pitch for the restoration of the death penalty during his fourth State of the Nation Address. As expected, pro-Duterte lawmakers from both Houses of Congress echoed Duterte’s position. In the Senate, neophyte senator Bato dela Rosa has filed his bill reinstating capital punishment weeks before the SONA.

We do not need it.

This type of punishment has been legal in the Philippines for many years. From 1946 until the adoption of the 1987 Constitution, there was death penalty. The very first execution was in April 1950 for the attempt to assassinate then President Manuel Roxas. There were 51 deaths from the penalty until 1961, and there were many more during the dictator Ferdinand Marcos’ time. In 1972, the three who were convicted for the abduction and gang rape of actress Maggie dela Riva were executed. Under Marcos, drug trafficking was punishable with death by firing squad. Convicted drug lord Lim Seng suffered this on Jan. 15 1973 in full view of the Filipino people. Marcos ordered the execution televised. There was a turnaround when the 1987 Constitution prohibited death penalty. However, it also allowed Congress to reinstate it “hereafter” for heinous crimes. The Philippines was the first country in Asia to abolish capital punishment. This was short-lived though because during former President Fidel Ramos’ time, Republic Act (RA) 7659 was passed in 1993 restoring capital

Adelle Chua, Editor

EDITORIAL

punishment through the electric chair until the gas chamber could be used. In 1996, another law, RA 8177 was passed prescribing the use of lethal injection as the method to carry the sentence out. Executions resumed in 1999 already under former President Joseph Estrada with the Leo Echegaray rape case involving his young daughter. This was a particularly sad event for women’s rights advocates because when we were advocating for the passage of the Anti-Rape bill, we wanted the most severe punishment for rape and at that time, it was life imprisonment. We did not favor death penalty but because the law changed, Echegaray was executed. Estrada was replaced by Gloria Macapagal Arroyo who was staunchly against the death penalty. This was committed to law when Congress passed RA 9346 in 2006. In 2007, the Philippines became a signatory to the Second Optional Protocol to the Inter International Covenant on Civil and Political Rights regarding the abolition of the death penalty. Thus, from 2006 till now, the country has done away with capital punishment. Worldwide, 106 States of the 198 members of the United Nations have abolished death penalty, 56 still have it, 28 are abolitionist in practice, and eight have abolished it for ordinary crimes but maintain it for special circumstances like war crimes. Pro-death penalty lawmakers claim that this punishment will deter the commission of crime. However, there is no proof that this is so. The contrary is true. Internationally, States without death penalty have significantly lower murder rates than those still practicing it. Murder rates in these countries are higher by no less than 42 percent compared with countries that do not allow death penalty. Scientific studies on the deterrent effect of capital punishment in 1996 and 2008 had the same conclusion— death penalty does not deter crime and that the deterrence hypothesis is a myth. Of the scientists involved in

No end in sight

ESPITE committing to end the widespread practice of hiring workers for just under six months to escape the responsibility of providing them benefits due regular workers, President Rodrigo Duterte has vetoed the security of tenure bill. would deter investments and, as a result, lead to fewer job opportunities, Filipino workers would suffer in the long run. Now the bill has to be refiled in the just-begun 18th Congress, amid the President’s continued “firm commitment to protect the workers’ right to security of tenure by eradicating all forms of abusive employment practices.” Numerous administrations have been trying to find that sweet spot between the interests of workers on one hand, and of business, on the other. Each group needs the other, and in balancing these needs there are numerous factors that must be considered—practical reasons, yes, but also principles of social equity and justice. This is why labor issues have always been emotionally and politically charged.

The President gave numerous reasons for his decision. He said the bill in its present form unduly broadens the scope and definition of prohibited labor-only contracting. He said legitimate jobcontracting should be allowed so long as the contractor is wellcapitalized. Mr. Duterte believes businesses should be free to farm out jobs to third parties if doing so would make operations efficient and would not put existing workers at a disadvantage. Finally, he believes in balancing the interests of capital and labor. Duterte acted on the recommendations of, among others, Secretary of Socio-Economic Planning Ernesto Pernia, who said a law on security of tenure must benefit both labor and business. If the law

The Duterte administration appears to have passed that stage of deciding whether “endo”—specifically the kind that oppresses workers and consigns them to a vicious cycle—must be ended. The President has said so. He said this while he was campaigning, and he certified the security of tenure bill as urgent. It is the fine print that is tricky, however. It makes us doubt whether there could be, indeed, a sweet spot. Efforts to draft the new bill must be done in earnest, and upon better consultation with both labor and business representatives. Numerous interests will certainly come into play, but we hope lawmakers will find the best compromise so we can at least move forward on this gut issue. The longer we wait, the more those with really vested interests will continue to benefit by oppressing workers whom they see as nothing more than an input to production.

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Winning against black environmental issues IN MY column last Saturday, I wrote about the black environmental issues— the climate emergency, the massive extinction of species already under way, large scale mining and big dam projects, and the destruction by China of the West Philippine Sea—that are threatening human well-being and the health of our planet and our country in particular. These problems, I said, are not just serious or catastrophic but existential. If we not address them urgently and effectively, we doom our planet, our country, and ourselves to a terrible future. But the reality that the black environmental issues pose enormous challenges does not mean we are helpless before them. There is no need to reinvent the wheel to reverse environmental degradation. Magic bullets are not necessary to win against the black issues. What is needed are excellent science so we know what we are up against, imaginative thinkers who can provide us innovative and creative technical and policy solutions to the problems we are facing with, consensus building approaches that bring us all together to act united and collectively against the roots of the environmental crisis, strong political will so we can aim higher to truly solve the problems we are facing, and strong public and private institutions that can carry on the intergenerational work that needs to be done. But underlying all of these must be a philosophy of integral ecology, as elaborated by Pope Francis in his 2015 encyclical Laudato Si that can guide and make coherent all our efforts. In that encyclical, the Pope emphasized that: “Care for nature is part of a lifestyle which includes the capacity for living together and communion . . . We must regain the conviction that we need one another, that we have a shared responsi-

bility for others and the world, and that being good and decent are worth it. We have had enough of immorality and the mockery of ethics, goodness, faith and honesty. It is time to acknowledge that light-hearted superficiality has done us no good. When the foundations of social life are corroded, what ensues are battles over conflicting interests, new forms of violence and brutality, and obstacles to the growth of a genuine culture of care for the environment.” Pope Francis then quoted Saint Therese of Lisieux who “invites us to practice the little way of love, not to miss out on a kind word, a smile or any small gesture which sows peace and friendship.” This is what integral ecology is made up of: “Simple daily gestures which break with the logic of violence, exploitation and selfishness. In the end, a world of exacerbated consumption is at the same time a world which mistreats life in all its forms.”

Placing online selling portals under control again placed an order for a men’s wrist watch with a leather strap. To my surprise, I was sent a cheap ladies’ watch with a metal bracelet.

Let us accept our inter-generational responsibility. The latest pastoral letter of the Catho Catholic Bishops’ Conference of the Philip Philippines entitled “An urgent call for ecological conversion, hope in the face of climate emergency” provides the elements of such an approach: “The Earth is our home. We are to care for our common home. We are to act in order to protect all life forms on Earth, from ridge to reef . . . We are connected to the Earth, just as our lives and the life of all other beings are interconnected with each other.” The CBCP also commits to the following concrete ecological actions: “1. Integrate the care of creation as our common home in our teaching and practice of Christian discipleship. Turn to A5

LAST WEEK, WEEK someone posted on social media a meme lambasting an online selling portal for delivering to him a water meter instead of a wrist watch as he had ordered. Of course it was meant to be a joke. But then, the joke didn’t just emanate out of nowhere. The joke was a characterization of the feelings of the thousands who had been duped by the online selling portal. Even I have fallen victim to the substandard or substituted products of these online portals. One time, I placed an order for a shirt; I really liked the design they were offering online. I was so disappointed when my order came. The material would not have passed for an election campaign shirt. Not having learned my lesson yet, I

Some products can harm consumers. Who will be responsible? Anyway, it’s a good thing Puwersa ng Bayaning Atleta Party-list Rep. Jericho Nograles has called on the Department of Trade and Industry to ensure that that online shopping platforms exercise due diligence in allowing third-party merchants from selling electronic products as these could be dangerous to public safety. Because of mounting complaints on fake electronic goods with questionable safety standards being sold online, Nograles said he will file a resolution to

inquire on the efforts being done by the DTI, particularly the Bureau of Public Standards to ensure the quality and safety of the products being sold on various online selling platforms. Nograles hopes that with this investigainvestiga tion, Congress can craft or amend a law that would regulate local online selling portals that allow third-party sellers such as Shopee, Lazada, Zalora, Carousell and many others because these are also possible sources of tax leakages. Nograles hit the nail right on the head. While online shopping portals make life a lot easier for some people, there is also chance that some of their products can cause serious harm or even death. Nograles said that BPS should exercise its mandate on these online selling portals and require them to demand appropriate certifications from their third party merchants before they are allowed to post their products. “We have all heard about power banks and mobile phones exploding Turn to A5

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Opinion Knockout blow vs. criminal impunity SENATOR Manny “Pacman” Pacquiao beat me to the punch, calling for death penalty by firing squad for convicted illegal drugs traffickers or drug lords. On Jan. 15, 1973, the Filipino nation witnessed the public execution of Chinese drug lord Lim Seng by firing squad, an indelible image in the minds of our generation that accentuated the government’s anti-illegal drugs campaign, and which the people overwhelmingly approved back then. But after martial law years and the inception of Yellow revolution, big-time druglords wallowed in their newfound freedom and all sorts of illegal drugs became rampant everywhere. Since then, there have been a resurgence of violent crimes over the decades and rampant organized crime, particularly illegal drugs trafficking, so widespread with many perpetra-

Reject... From A4

the studies, 88.2 percent believed this; only 9.2 percent said otherwise. In the Philippines, the biggest argument against the death penalty is our experience with it. We had it for 54 long years and executions were done on those convicted of heinous crimes including drugs and rape. Some of the killings were even televised. Did it deter the commission of more crimes? NO. We know where we are now in terms of criminality. Another argument against the death penalty is its being anti-poor. As it is, thousands upon thousands of poor suspects have already been killed without due process in the name of the war against drugs. Adding the death penalty to legitimize murders such as those will kill more poor people. July 2017 data from the Bureau of Jail Management and Penology in-

Winning... From A4

(Psalm 8:4-9) 2. Live simply, minimize consumption and actively promote ecological awareness and action through integral waste segregation and by minimizing the use of plastic and paper, by eliminating single-use plastics, polystyrene and the like, from our homes and institutions. 3. Prevent and reduce biodiversity loss by growing indigenous plants and trees, expanding forests through rain forestation, resisting destructive mining, dirty energy, the unbridled construction of roads and dams, as well as projects that cut into forested and protected areas. Implement programs that will allow the growth and recovery of forests, ecosystems and biodiversity. 4. Promote diversified and sustainable agriculture. Avoid the genetically modified agricultural products propagated in plantations and monoculture production, which destroy biodiversity and threaten indigenous lands. 5. Participate in efforts to protect and preserve our seas, oceans and fishery resources. 6. Protect our watersheds while at the same time using fresh water wisely, promoting and establishing massive rainwater collection, and putting a stop to infrastructures that can be detrimental to the preservation of ecological balance and biodiversity. 7. Push for an immediate transition to safe, clean, and affordable energy. Ensure just and fair transition to renewable energy sources and reject false solutions; support the use of solar power in our homes and institutions (dioceses, churches, schools, seminaries); pro-

Placing... From A4

because of poor quality and workmanship and, in the process, someone gets hurt or the explosion caused a fire in the neighborhood. Who would take responsibility for allowing the sale of these products?” Nograles said. Aside from the danger posed by these products sold without any regulated quality control, Nograles said that merchants might not be paying the necessary taxes and in the long run, could

tors being immune from prosecution because of protection from authorities and narco-politicians. It now makes sense to finally resurrect the death penalty or capital punishment versus capital crimes such as murder involving illegal drugs, robbery with rape, armed robbery with homicide, terrorist killings, and kidnapping for ransom. This legislative proposal has never died down precisely because there is a dire need for it and I fully support Senator Pacquiao’s proposal for imposing the harsh capital punishment by musketry or firing squad. I myself do not buy the argument that exacting the death sentence to any human being is barbaric and that it has no place in a civil society, especially in a predominantly Christian nation like ours. To this I say that it is more barbaric to tolerate and coddle hardened criminals and deprive deserved justice to victims of heinous crimes. Countless innocent victims have fallen prey to the most shocking crimes committed, defying imagination, for example the brutal rape-murder of a

helpless girl, skinned and mutilated by a drug-crazed killer. Indeed, I subscribe to the edict, “An eye for an eye, a tooth for a tooth,” the principle that a person who has injured another person is to be penalized to a similar degree. I strongly believe that the imposition of the death penalty by firing squad as proposed by Pacman will deal a major blow to the culture of criminal impunity in a country gone awry over the past decades. It shall be a knockout punch versus cold-blooded druglords. I am glad that President Duterte once again pushed for the passage of the death penalty bill in the 18th Congress during his 4th State of the Nation Address. I agree, too, that would help if Manong Digong certifies the death penalty bill as urgent or priority legislation. As expected, the Commission on Human Rights was quick to quack-quack in opposition to Manong Digong and Pacman’s proposition and in defense of hardened criminals’ “human rights?” What about the human rights of heinous crimes victims?

dicated that there were 143,367 inmates housed in 466 jails that should only hold 20,773 people. We can only imagine how inhumane the living condition in these jails was. Ninetyseven percent of them were awaiting, or undergoing trial, or waiting for final judgment. While in the eyes of the law these inmates were innocent until proven guilty, they were being kept in prisons. Outside of those charged with non-bailable offenses, the big majority of them could have availed of temporary liberty with the right amount of money. It is reasonable to think that many were in jail because they could not afford representation, or bail due to poverty. This was in 2017. Imagine how it is now with the ongoing war on drugs. If death penalty is reimposed, more poor people will die because they will not be able to afford lawyers and sustain their defense. The kind of “justice” system we have is another reason to oppose death

penalty. It is corrupt, inefficient, complex, and protracted. It will be easy for the moneyed to get away with crimes and for the poor to die for crimes they did not commit. Wrong convictions can no longer be overturned when people are already dead. The reinstatement of the death penalty is unjust, anti-poor, and a violation of human rights. Contrary to the claims of those who want it, it will not deter crime. The thing to do is to revamp our justice system. Make it effective and efficient. Ensure that laws are properly and impartially implemented. Instead of the system being purely punitive, make it transformative so those who have served their time are prepared to rejoin society as productive, lawabiding citizens. We do not need the death penalty. REJECT it.

mote, advocate and invest in renewable energy (solar, hydro, wind and geothermal power); join the campaign to immediately phase out coal-fired power plants and all other plants dependent on fossil-fuel, including coal mining. 8. Do not allow the financial resources of our Catholic institutions to be invested in favor of coal-fired power plants, mining companies and other destructive extractive projects. Divestment from such investment portfolios must be encouraged. 9. Integrate Laudato Si in the curriculum and strategic plans of Catholic educational institutions including seminaries and religious formations. Popularize and integrate the understanding of climate change and its mitigation in our formation programs. 10. Organize and educate people into a well-informed and empowered citizenry using all means available including mainstream and social media platforms for the passage of into law of bills aimed at protecting our common home, such as the Rights of Nature Bill, Forest Resources Bill, Alternative Minerals Mining Bill and National Land Use Act, as well as the implementation of environmental laws, such as, Clean Air Act, Clean Water Act and the Ecological Solid Waste Management Act. In the initiatives to amend the 1987 Constitution, any move that poses a threat to the integrity of creation, justice and peace, should be opposed. 11. Network with international bodies to create a groundswell of worldwide pressure powerful enough to convince multinational institutions to lower emissions and to actively engage in environmental actions for the protection of our common home and on behalf of the poor who are most threatened by aggressive

but irresponsible industries. 12. Respect, recognize, and support the rights of indigenous peoples in protecting their ancestral domains and promoting sustainable development. 13. Strengthen adaptation measures and disaster risk management and reduction for our vulnerable communities. Advocate the prioritization of government budget allocation for climate resilient adaptation programs.” Transformation must be happen at all levels—global, national, local, community, corporate, family, and individual. One can see this happening for example in the issue of plastic where there is an emerging consensus that a global ban on single use pf plastic is both necessary and doable, and where parliaments and other legislative bodies, including local councils, are adopting measures in support of such a ban. But without the active support of the private sector and a commitment by families and individuals to reject the familiar the effort will not succeed. This transformation can happen if we accept our intergenerational responsibility. Again, I quote from Pope Francis: “Once we start to think about the kind of world we are leaving to future generations, we look at things differently; we realize that the world is a gift which we have freely received and must share with others. Since the world has been given to us, we can no longer view reality in a purely utilitarian way, in which efficiency and productivity are entirely geared to our individual benefit. Intergenerational solidarity is not optional, but rather a basic question of justice, since the world we have received also belongs to those who will follow us.”

shrink the country’s tax base. *** Buhay Rep. Lito Atienza has every reason to be wary on the reimposition of the death penalty. While it has not yet been proven to be a deterrent to crime, Atienza fears police scalawags might even exploit the hazard of the death penalty to commit “horrific abuses” against citizens. Atienza says, and I believe him, that there are many corrupt officers everywhere. And even President Rodrigo Duterte supports this statement when at one point tagged the police as “rotten

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to the core” and reckoned that four out of every 10 officers are engaged in all sorts of criminal activities. Thus, Atienza is apprehensive that that once Congress revives the death penalty, “these police crooks will surely brandish the death penalty as the Sword of Damocles to hang over the heads of their potential victims of kidnapping, extortion and evidence-planting.” “Abuses are guaranteed to inflame once twisted officers have the ‘deathtrap’ at their disposal. They will have a heyday shaking people down with false or fabricated evidence,” Atienza, for-

SATURDAY, JULY 27, 2019

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Chronological order of our claim in the SCS

all islands belonging to the Philippine Archipelago, lying outside the lines described in Article III of that Treaty and particularly to the islands of Cagayan, Sulu and Sibutu and their dependencies, and agrees that all such islands shall be comprehended in the cession of the ArFOR a clearer understanding of our chipelago as fully as if they had been claim in the South China Sea, we expressly included within those lines.” The US paid an additional $100,000 should analyze in chronological order the claim of the parties over those islets, to secure the consent of Spain. The reefs and areas underneath the seabed, treaty has nothing to do with the disspecifically before the United Nations puted Spratly islands as others would Convention on the Law of the Sea opted insinuate. In January 1935, the Committee of to stretch the territorial waters of countries adjacent to the sea from 12 to 200 Reviewing Water and Land Maps of miles, referring to the new concept of China, (ROC) now Taiwan, published both in Chinese names and English exclusive economic zone. Before we filed our claim at the Per- names, 132 insular features in the South manent Court of Arbitration, we came China Sea. This was followed in April across a map known as the “Murillo 1935 by the publication of the CommitMap” indicating that the whole of SCS tee of Reviewing Water and Land Maps belongs to the Philippines. The com- of China (ROC) indicating locations of missioned by Fr. Murillo Velarde titled features in the South China Sea. In 1947, a Filipino seaman by the Carta hydrographica y chonographica name of Tomas de las Islas Filipi“discovCloma “discov nas was made in ered” certain island 1734. It was drawn in the Spratlys. In and engraved by This is how we 1950, Philippine skilled Filipino President Elpidio artisans Francisco should analyze the Quirino said that Suarez and Nico- issue. “as long as China las de la Cruz. (ROC) held the Prior to the PhilSpratlys, the Phil submission for ippines would not arbitration of our claim in 2014, we have never men-- press its claim. Interpreted otherwise, tioned anything like the “Murillo Map” if the islands are controlled by the Peoas evidence possibly because that would ple’s Republic of China, the Philippines make the country look ridiculous before would press its claim on the ground that the panel of arbitrators. Even if we call its proximity is a threat to our national it the “Mother of All Philippine Maps,” security. After World War II, a peace treaty it cost the Filipino buyer Mel Velarde P12 million for an “antique” map no- was concluded in San Francisco and body would seriously consider. As one signed on September 8, 1951. It prosays, he bought back an item that was vided in Chapter II, Territory, Article 2, looted from when the British invaded Section b, and Subsection (i) that “Japan renounced all right, title and claim Manila in 1762. If that map is admitted on the as- to the Spratly islands and to the Paracel sumption it is genuine, Spain could as islands.” The Philippines ratified the well submit its colonial map showing treaty on July 16, 1956. The Philippine that it owns the whole of Latin Amer- delegation was composed of Carlos P. ica, just as Britain could present a map Romulo, J. M. Elizalde, Vicente Franproving that the sun never sets in the cisco, Diosdado Macapagal, Emilano V. British Empire, meaning there is day- Tirona, and Vicente G. Sinco. The Treaty has to be interpreted in the light in every corner of the globe ruled context that Japan occupied the Spratly by the British empire. In recent history, only the Treaty of and Paracel Islands during the war. It is Paris signed on December 10, 1898 be- being asked to renounce its right, title tween Spain and the US serves as valid and claim over those islands was a manevidence defining our national bound- date to Japan to return them to China. In less than a year after the San Franaries. Others say it was not a peace treaty but sale of an indefensible colo- cisco Treaty was concluded, Repubnial territory to the tune of $20 million. lic of China and Japan signed a peace Specifically, Article III demarcated the agreement on April 28, 1952. Article boundary of the Philippines Islands, to 2 of the Peace agreement provides, to quote: “It recognizes under Article 2 of quote paragraph 2: “A line running from west to east the Treaty of Peace which Japan signed along or near the twentieth parallel of at the Treaty of San Francisco on Sepnorth latitude, and through the middle tember 8, 1951 x x x, Japan renounced of the navigable channel of Bacchi, all right, title and claim to Taiwan (Forfrom the one hundred and eighteenth to mosa) and Penghu (the Pescadores) the one hundred and eighteenth to the as well as the Spratly islands and the one hundred and twenty-seventh degree Paracel islands.” The peace treaty has meridian of longitude east of Green- reference to Taiwan’s claim over these wich, thence along the parallel and islands because of the on-going civil forty-five minutes north latitude to its war between the China and Taiwan. We must take note that before the intersection with the meridian of longitude one hundred and nineteen degrees final draft of the San Francisco Peace and thirty-five minutes east of Green- Treaty was issued in September, 1951, wich to the parallel of latitude seven Foreign Minister Zhou Enlai stated degrees and forty minutes north to its China’s position, that the consignment intersection with the one hundred and of the islands in the SCS to Taiwan was sixteenth degree meridian of longitude illegal and should not be recognized. east of Greenwich, and thence along the Besides, China was protesting to its exone hundred and eighteenth degree me- clusion to the negotiation. Specifically, ridian of longitude east of Greenwich to China claimed that Xisha (Paracel Islands), Nansha (Spratly Islands) and the point of beginning.” The significance of the treaty is that Dongsha (Pratas Islands) in the South it demarcated, for the first time, the China Sea were actually part of China. boundary of the Philippine archipelago. The treaty either did not address these By legal implication, all that is outside islands, or that Pratas Islands be turned the demarcated boundary is presumed over to the UN as trusteeship territories. Looking at the dates, one wonders not to belong to the Philippines. Even if we take it that the Spratly islands have how the PAC arrived at the decision not been discovered or assessed of their when documents show that Spratly is potential resources, nonetheless the line outside of our territory. On the conindicates that they are outside the treaty. trary, it was the adoption of the 200The latitudinal line tilted closer to the mile limit by UNCLOS that created islands of Palawan as it reaches the confusion resulting in the overlapping Spratly or Kalayaan group of islands as of claims over territorial waters plus if to exclude the Spratly islands in our our lack of understanding of such concepts of sovereignty over these boundary. Barely two years after the ratification islands to differentiate it from sovof the Treaty of Paris, the Washington ereign right over the exclusive ecoTreaty was signed on November 7, nomic zone notwithstanding that Sen1900. In that one Article treaty, “Spain ator Arturo Tolentino made a unique relinquishes to the United States all title demarcation of our archipelago and and claim of title; which she may have called it the “Archipelagic Doctrine.” had at the time of the conclusion of the Treaty of Peace of Paris, to any and rpkapunan@gmail.com

mer three-term mayor of Manila, said. Besides the kidnapping-for-extortion and murder of South Korean businessman Jee Ick-Joo by anti-narcotics agents, Atienza cited the case of a police officer in Manila who raped a 15-yearold girl in exchange for the freedom of her parents who were nabbed for alleged drug offenses. To suppress illegal drug trafficking, Atienza urged the Duterte administration to first address rampant corruption at the Bureau of Customs. Atienza believes that Customs corruption is the reason why billions of

pesos worth of shabu in shipping containers continue to slip into our ports of entry and flood our streets. Also, besides capturing, prosecuting and locking up big-time traffickers, the government should also target devious officers who are recycling back into the market illegal drugs seized from raids and arrests. And while supporters of the administration dominate Congress,I think the lawmakers should really take time to listen to Atienza and position on the death penalty before even considering its reimposition.

CYAN MAGENTA YELLOW BLACK Manila

SATURDAY, JULY 27, 2019 Standard A6 TODAY layers of corporate stockholders shall be considered as a Beneficial Owner. To arrive at the actual percentage of beneficial ownership in the reporting corporation, both the direct and indirect shareholdings in the corporation shall be considered.

GENERAL INFORMATION SHEET (GIS) FOR THE YEAR

STOCK CORPORATION

GENERAL INSTRUCTIONS:

To guide reporting corporations in determining indirect ownership applying the method used in the Grandfather Rule, an exampleis attached to this Circular as Annex“A.” SEC MEMORANDUM CIRCULAR NO. 15 Series of 2019 TO

: ALL SEC REGISTERED DOMESTIC CORPORATIONS REQUIRED TO SUBMIT THE GENERAL INFORMATION SHEET (GIS)

SUBJECT

: AMENDMENT OF SEC MEMORANDUM CIRCULAR NO. 17, SERIES OF 2018 ON THE REVISION OF THE GENERAL INFORMATION SHEET (GIS) TO INCLUDE BENEFICIAL OWNERSHIP INFORMATION (“2019 REVISION OF THE GIS”) _____________________________________________________________________ By the authority vested in the Securities and Exchange Commission (SEC) under Republic Act No. 11232 otherwise known as the Revised Corporation Code of the Philippines (RCC) and pursuant to its mandate to assist in the implementation of the AntiMoney Laundering Act (AMLA), as amended, and the Terrorist Financing Prevention and Suppression Act (TFPSA) and their respective Implementing Rules and Regulations, the Commission En Banc in its meeting on 09 July 2019 approved the herein amended version of SEC Memorandum Circular No. 17, Series of 2018 on the Revision of the General Information Sheet (GIS) to Include Beneficial Ownership Information. SECTION 1.Coverage. This Memorandum Circular shall apply to all SEC registered stock and non-stock domestic corporations required to submit the GIS under existing laws, rules and regulations. SECTION 2. Definition of Terms. – “Beneficial Owner”refers to any natural person(s)who ultimately own(s) or control(s) or exercise(s) ultimate effective control over the corporation. This definition covers the natural person(s) who actually own or control the corporation as distinguished fromthe legal owners as defined herein. Such beneficial ownership may be determined on the basis of the following:

2.1.

Category A

B C D E

F G H I

Description Natural person(s) owning, directly or indirectly or through a chain of ownership, at least twenty-five percent (25%) of the voting rights, voting shares or capital of the reporting corporation. This is without prejudice to ownership thresholds that may be imposed by other regulators. Natural person(s) who exercise control over the reporting corporation, alone or together with others, through any contract, understanding, relationship, intermediary or tiered entity. Natural person(s) having the ability to elect a majority of the board of directors/trustees, or any similar body, of the corporation. Natural person(s) having the ability to exert a dominant influence over the management or policies of the corporation. Natural person(s) whose directions, instructions or wishes in conducting the affairs of the corporation are carried out by majority of the members of the board of directors of such corporation who are accustomed or under an obligation to act in accordance with such person’s directions, instructions or wishes. Natural person(s) acting as stewards of the properties of corporations, where such properties are under the care or administration of said natural person(s). Natural person(s) who actually own or control the reporting corporation through nominee shareholders or nominee directors acting for or on behalf of such natural persons. Natural person(s) ultimately owning or controlling or exercising ultimate effective control over the corporation through other means not falling under any of the foregoing categories. Natural person(s) exercising control through positions held within a corporation (i.e., responsible for strategic decisions that fundamentally affect the business practices or general direction of the corporation such as the members of the board of directors or trustees or similar body within the corporation; or exercising executive control over the daily or regular affairs of the corporation through a senior management position). This category is only applicable in exceptional cases where no natural person is identifiable who ultimately owns or exerts control over the corporation, the reporting corporation having exhausted all reasonable means of identification and provided there are no grounds for suspicion.

2.2.

“Beneficial Ownership Information” refers to the identification documents or information on the beneficial owner of the corporation as required under this Circular.

2.3.

“Direct Ownership” refers to ownership of shares in the reporting corporation and not through ownership of shares in acorporate shareholder nor any intermediate layers of corporate shareholders.

2.4.

“Dominant Influence” refers to a situation in which the instructions or directions given by any natural person, who may or may not be a stockholder of the reporting corporation, on the management or policies of the corporation, are always or almost always followed or carried out.

2.5.

“GIS”refers to the General Information Sheet.

2.6.

“Grandfather Rule” refers to the “method by which the percentage of Filipino equity in a corporation engaged in nationalized and/or partly nationalized areas of activities, provided for under the Constitution and other nationalization laws, is computed, in cases where corporate shareholders are present, by attributing the nationality of the second or even subsequent tier of ownership to determine the nationality of the corporate shareholder.”1 For the purpose of this Memorandum Circular, the reference to Grandfather Rule shall be limitedonly to the method of computing percentage of indirect ownership in determining the beneficial owner of reporting corporation and shall not affect its applicability in determining nationality of a corporate shareholder.

SECTION 6. Members of the Board of Directors/Trustees or Any Similar Body and/or Senior Managing Official as Beneficial Owner/s in Exceptional Cases. In exceptional cases where no natural person is identifiable who ultimately owns or exerts control over the corporation, the reporting corporation having exhausted all other means of identification and provided there are no grounds for suspicion, may consider the natural persons composing the Board of Directors/Trustees or any similar body and/or the senior managing official of the reporting corporation to be the beneficial owner(s). In the event that another corporation and not a natural person ultimately owns at least twenty-five percent (25%) of the voting shares or capital of the reporting corporation computed in accordance with the methodology used in the Grandfather Rule, the members of the Board of Director/Trustees or any similar body and/or senior managing official of such corporationmay be considered as beneficial owner(s) of the reporting corporation. It is to be emphasized herein that this will be subject to strict monitoring and verification by the Commission. Any clear indication that this was resorted to despite evidence showing that the corporation has beneficial owner(s) with controlling ownership interest or through other means as defined herein shall be considered as a prima facie evidence of a violation of this Circular and the making of a false statement in the GIS. SECTION 7. Updating of Beneficial Ownership Information. – The SEC shall be timely apprised of relevant changes in the submitted beneficial ownership information as they arise. An updated GIS shall be submitted to the SEC within seven (7)working days after such change occurred or became effective. For corporations with multiple layers of corporate stockholders, an updated GIS shall be submitted within the same seven-day period. In the event that the corporation with such multiple layers fails to do so, it shall submit the updated GIS within thirty (30) working days from the time such change occurred or became effective with an explanation for the failure to submit the same within the prescribed period. SECTION 8. Obligation of Directors/Trustees and Officers. The Directors/Trustees and Officers of the reporting corporation shall exercise the due diligence required in ensuring that the requirement to disclose its beneficial owner in the GIS is complied with. This due diligence requirement is deemed complied with if reasonable measures are undertaken to obtain and hold updated information on the beneficial owner(s)of the corporation as defined herein and to ensure that such information is timely disclosed in the GIS. Such reasonable measures include the adoption of written proceduresfor obtaining, updating and recording beneficial ownership information and intimely disclosing the same in the GISsubmitted to the Commission by the Corporate Secretary. Board and Senior Management oversight in ensuring that such procedures are observed shall likewise be required as part of the due diligence measures. SECTION 9. Validating Information. – The Commission may, at any reasonable time,verifythe beneficial ownership information provided in the GIS through an on-site inspection of the books and records of the corporation and/or through other means available which may include but not limited to information that may be obtained from other sources such as the books and records of other corporate entities and data gathered by law enforcement and other government agencies and/or the AMLC in the exercise of their respective functions.

any situation in which:

================================ PLEASE PRINT LEGIBLY =====================================

FISCAL YEAR END: SEC REGISTRATION NUMBER:

DATE OF ANNUAL MEETING PER BY-LAWS:

CORPORATE TAX IDENTIFICATION NUMBER (TIN)

ACTUAL DATE OF ANNUAL MEETING:

WEBSITE/URL ADDRESS:

COMPLETE PRINCIPAL OFFICE ADDRESS:

E-MAIL ADDRESS:

COMPLETE BUSINESS ADDRESS:

FAX NUMBER:

NAME OF EXTERNAL AUDITOR & ITS SIGNING PARTNER:

SEC ACCREDITATION NUMBER (if applicable): TELEPHONE NUMBER(S):

PRIMARY PURPOSE/ACTIVITY/INDUSTRY PRESENTLY ENGAGED IN:

INDUSTRY CLASSIFICATION:

ii.

Liability of Directors/Trustees and/or Officers of the Corporation.If the Commission, after due notice and hearing, finds that the directors/trustees and/or officersof the reporting corporation, without any lawful cause,failed to exercise the due diligence required in ensuring compliance with the requirement to disclose beneficial ownership information in accordance with Section 9 hereof resulting in no beneficial owner(s) as defined herein being timely disclosed in the GIS or in the non-submission of the GIScontaining such information within the prescribed period, the following penalties shall be imposed upon such directors, trustees and/or officers: For the first violation…………………………..……………..…………Php5,000.00 For the second violation……………………..…………………….…Php10,000.00 For the third violation………………………………………………….Php20,000.00 For the fourth andsubsequent violations.....….…………...……….Php50,000.00 The absence of written procedures and policies for obtaining, updating and recording beneficial ownership information and for the timely disclosure thereof to the Commission, as provided in Section 9 hereof, or the lack of Board or senior management oversight to ensure compliance with such policies and procedures, shall be prima facie proof of the failure to exercise the due diligence required. Every submission of the GIS without the required beneficial ownership information or every instance of non-submission or late submission of such GIS, arising from the failure to exercise the due diligence required, shall be considered as a prima facie violation of the duty to exercise due diligence by said directors/trustees and/or officers.

PARENT COMPANY

SEC REGISTRATION NO.

ADDRESS

SUBSIDIARY/AFFILIATE

SEC REGISTRATION NO.

ADDRESS

NOTE: USE ADDITIONAL SHEET IF NECESSARY

GENERAL INFORMATION SHEET

STOCK CORPORATION ================================ PLEASE PRINT LEGIBLY ================================ Corporate Name: A. Is the Corporation a covered person under the Anti Money Laundering Act

d. e. f. g. h. i. j. k.

a. b. c. d. e. f. g. h. i. j.

Trust Entities Non-Stock Savings and Loan Associations Pawnshops Foreign Exchage Dealers Money Changers Remittance Agents Electronic Money Issuers Financial Institutions which Under Special Laws are subject to Bangko Sentral ng Pilipinas' (BSP) supervision and/or regulation, including their subsidiaries and affiliates.

The foregoing penalties are without prejudice to the imposition of other applicable penalties as provided for under the RCC, SRC and other rules and regulations of the Commission.

SECTION 13. Submission of the GIS with the Required Beneficial Ownership Information. The GIS Form as provided for in this Circular shall be used by corporations whose GIS are due for submission beginning 31 July 2019.

a person has the ability in fact to exert a dominant influence over the management or policies of a legal person or arrangement; or

(ii)

a majority of the members of the board of directors of such legal person or arrangement, or any equivalent body, are accustomed or under an obligation, whether formal or informal, to act in accordance with a given person’s directions, instructions or wishes in conducting the affairs of the legal person or arrangement.

SECTION 15. Separability Clause.If any portion or provision of this Circular is declared unconstitutional or invalid, the other portions or provisions hereof, which are not affected thereby shall continue in full force and effect. SECTION 16. Effectivity.This Memorandum Circular shall take effect immediately after its publication in two (2) national newspapers of general circulation and its posting in the Commission’s website.

ii. iii.

The identity of the natural persons composing the Board of Directors/ Trustees or any similar body and/or the senior managing official of the reporting corporation. This is only in exceptional circumstances where no natural person can be identified as ultimately owning or controlling or exercising ultimate effective control over the corporation through controlling ownership interest, controlling voting rights, or through other means. The reporting corporation must be able to show that it has exhausted all other means of identifying the beneficial owner. This is subject to verification and strict monitoring by the Commission.

SECTION 5. Determination of Natural Person Who Ultimately Owns the Corporation Through Indirect Ownership.In determining the natural person(s) who ultimately owns the corporation, the percentage of ownership shall be computed using the methodology applied in the “Grandfather Rule”. The natural person(s) who ultimately owns at least twenty-five percent (25%) of the voting shares or capital of the reporting corporation through ownership of shares in a corporate stockholderor through multiple

Persons who provide any of the following services:

managing of client money, securities or other assets

management of bank, savings or securities accounts organization of contributions for the creation, operation or management of companies

creation, operation or management of juridical persons or arrangements, and buying and selling business entities None of the above

B. Has the Corporation complied with the requirements on Customer Due Diligence (CDD) or Know Your Customer (KYC), record-keeping, and submission of reports under the AMLA, as amended, since the last filing of its GIS?

GENERAL INFORMATION SHEET

STOCK CORPORATION ==================================== PLEASE PRINT LEGIBLY ==================================

CORPORATE NAME: GIS_STOCK(v.2019)

Page 2

CAPITAL STRUCTURE

AUTHORIZED CAPITAL STOCK TYPE OF SHARES *

NUMBER OF SHARES

AMOUNT (PhP) (No. of shares X Par/Stated Value)

PAR/STATED VALUE

TOTAL

TOTAL P

SUBSCRIBED CAPITAL

FILIPINO

NO. OF STOCKHOLDERS

FOREIGN (INDICATE BY NATIONALITY)

NO. OF STOCKHOLDERS

TYPE OF SHARES *

NUMBER OF SHARES

TYPE OF SHARES *

NUMBER OF SHARES IN THE HANDS OF THE PUBLIC **

PAR/STATED VALUE

TOTAL NUMBER OF SHARES

AMOUNT (PhP)

% OF OWNERSHIP

AMOUNT (PhP)

% OF OWNERSHIP

AMOUNT (PhP)

% OF OWNERSHIP

AMOUNT (PhP)

% OF OWNERSHIP

TOTAL P

NUMBER OF SHARES IN THE HANDS OF THE PUBLIC **

PAR/STATED VALUE

Percentage of Foreign Equity :

TOTAL

TOTAL TOTAL SUBSCRIBED

P P

PAID-UP CAPITAL FILIPINO

NO. OF STOCKHOLDERS

TYPE OF SHARES *

FOREIGN (INDICATE BY NATIONALITY)

NO. OF STOCKHOLDERS

TYPE OF SHARES *

NUMBER OF SHARES

PAR/STATED VALUE

NUMBER OF SHARES

PAR/STATED VALUE

TOTAL

TOTAL P

NOTE: USE ADDITIONAL SHEET IF NECESSARY

* Common, Preferred or other classification ** Other than Directors, Officers, Shareholders owning 10% of outstanding shares.

GENERAL INFORMATION SHEET

EMILIO B. AQUINO Chairperson

STOCK CORPORATION ================================ PLEASE PRINT LEGIBLY ================================ CORPORATE NAME: GIS_STOCK (v.2019)

Page 3

DIRECTORS / OFFICERS Villanueva, Cesar Lapuz, Philippine Corporate Law p. 54, cited in Narra Mining and Development Corp., et al. vs. Redmont Consolidated Mines Corp., G.R. No. 195580, January 28, 2015.

NAME/CURRENT RESIDENTIAL ADDRESS

NATIONALITY

INC'R

BOARD GENDER

STOCK HOLDER

OFFICER

EXEC. TAX IDENTIFICATION COMM. NUMBER

ANNEX “A”

2. PERSON 4 (P4)

PERSON 3 (P3)

PERSON 1 (P1)

52%

10%

PERSON 2 (P2)

3. PERSON 5 (P5)

The identity of the natural person(s) who ultimately has controlling ownership interest in the corporation.

The identity of the natural persons (if any) exercising control of the corporation through other means.

d. acting as (or arranging for another person to act as) a nominee shareholder for another person

Investment Houses a. Investment Agents and Consultants b. Trading Advisors Other entities managing Securities or rendering similar services c. Mutual Funds or Open-end Investment Companies Close-end Investment Companies Common Trust Funds or Issuers and other similar entities d. Transfer Companies and other similar entities Other entities administering or otherwise dealing in currency, commodities or financial derivatives based there on m. Entities administering of otherwise dealing in valuable objects 8. n. Entities administering or otherwise dealing in cash Substitutes and Describe other similar monetary instruments or property supervised and/or nature of regulated by the Securities and Exchange Commission (SEC) business:

TOTAL

FOR THE COMMISSION:

SECTION 4. Identification of Beneficial Owner. Beneficial ownership shall be determined as follows:

In the event that the entity owning at least twenty-five percent (25%) of the reporting corporation is an estate, trust or partnership, the natural person owning or controlling the estate, trust or partnership shall be disclosed as beneficial owner.

c. providing a registered office, business address or accommodation, correspondence or administrative address for a company, a partnership or any other legal person or arrangement

TOTAL PAID-UP

Such information, however, shall not be uploaded to the Commission’s publicly accessible electronic database. Said information shall, nonetheless, be made accessible or available in a timely manner to competent authorities for law enforcement and other lawful purposes.

For purposes of determining beneficial ownership, any natural person directly or indirectly, or through a chain of ownership, owning at least twenty-five percent (25%) of the voting shares or capital of the corporation, or at least twenty-five percent (25%) of the voting rights therein, as may be applicable, shall be considered as a beneficial owner.

a. acting as a formation agent of juridical persons b. acting as (or arranging for another person to act as) a director or corporate secretary of a company, a partner of a partnership, or a similar position in relation to other juridical persons

d. e. f. g. h. i. j. k. l.

Pasay City, Philippines, 26 July 2019.

Company service providers which, as a business, provide any of the following services to third parties:

a. Securities Dealers b. Securities Brokers c. Securities Salesman

The following information on the beneficial owner shall be provided, to wit: b. c. d. e. f.

Jewelry dealers in precious stones, who, as a business, trade in precious stone

SECTION 12. Submission of GIS in Electronic Format.The submission of the GIS in electronic format pursuant to SEC Memorandum Circular No. 6, Series of 2006 is hereby suspended until further notice.

(i)

Complete name which shall include the surname, given name, middle name and name extension (i.e., Jr., Sr., III); Specific residential address; Date of Birth; Nationality; Tax identification number; and Percentage of ownership, if applicable.

Page 1

Jewelry dealers in precious metals, who, as a business, trade in precious metals

Insurance Companies Insurance Agents Insurance Brokers Professional Reinsurers Reinsurance Brokers Holding Companies Holding Company Systems Pre-need Companies Mutual Benefit Association All Other Persons and entities supervised and/or regulated by the Insurance Commission (IC)

TOTAL

iii.

GEOGRAPHICAL CODE:

================================ INTERCOMPANY AFFILIATIONS =======================================

The failure to submit the GIS with the required beneficial ownership information shall be prima facie proof of such violation.

SECTION 3. Disclosure of Beneficial Ownership Information. – To ensure timely access to adequate, accurate and current information on the beneficial ownership and control of SEC registered corporations by competent authorities, all SEC registered corporations are requiredto take reasonable measures to obtain and hold up-to-date information on their beneficial owners as defined herein and to disclose the same in a timely manner in the GIS. Accordingly, the GIS is hereby revised to include such information.

DATE REGISTERED:

BUSINESS/TRADE NAME:

Failure to Disclose.If after due notice and hearing, the Commission finds that the reporting corporation has committed a violation of this Circular by failing to disclose, without any lawful cause,its Beneficial Owner in accordance with the provisions thereof, the reporting corporation shall be penalized as follows:

SECTION14.Amendment/Repeal.All rules, regulations, orders, circulars and issuances of the Commission that are inconsistent with this Memorandum Circular are hereby amended and/or repealed accordingly.

2.13. “Voting right”, as used in Section 4 (i) and Category A under Section 2.1, refers to the right of the members of a Non-Stock Corporation to vote which may be limited, broadened, or denied in the Articles of Incorporation or the By-Laws.

LAWS, RULES AND REGULATIONS

CORPORATE NAME:

For Stock Corporations with retained earnings or Non-Stock Corporations with fund balance of Php10,000,000.00 or more, the penalties shall be four times the penalties imposed for those with retained earnings or fund balance of less than Php500,000.00.

2.12. “Ultimate Effective Control” refers to any situation in which ownership/ control is exercised through actual or a chain of ownership or by means other than direct control. This may be achieved through, but not limited to, any of the following situations:

the ability to elect a majority of the board of directors, or any similar body, of a legal person or arrangement; or

7. THIS GIS MAY BE USED AS EVIDENCE AGAINST THE CORPORATION AND ITS RESPONSIBLE DIRECTORS/OFFICERS FOR ANY VIOLATION OF EXISTING

For Stock Corporations with retained earnings or Non-Stock Corporations with fund balance of Php5,000,000.00 or more but less than Php10,000,000.00, the penalties shall be thrice the amount imposed for those with retained earnings or fund balance of less than Php500,000.00.

2.11. “Senior Managing Official” refers to the natural person who exercises executive control over the daily or regular affairs of the corporation through a senior management position, such as a chief executive officer (CEO), chief financial officer (CFO), managing or executive director, or president.

For Stock Corporations with retained earningsor Non-Stock Corporations with fund balance of Php500,000.00 or more but less than Php5,000,000.00, the penalties shall be twice the amount of the penalties imposed for those with retained earnings or fund balance of less than Php500,000.00.

the the the the

direct or indirect ownership of at least twenty-five percent (25%) of the voting shares or capital of a corporation or otherwise has or shares voting power, which includes the power to vote, or to direct the voting of, such security; and/or investment returns or power, which includes the power to dispose of, or to direct, the disposition of such security;

For Non-Stock Corporations with fund balance of less than Php500,000.00: a.For the first violation……………………….…………..…………....Php5,000.00 b.For the second violation…………………..………………….……Php10,000.00 c.For the third violation…………………………………………….….Php20,000.00 d.For the fourth and subsequent violations………………………...Php50,000.00

2.10. “Reporting Corporation” refers to the corporation submitting or required to submit the GIS to the Commission.

For Stock Corporations with retained earnings of less than Php500,000.00: a. For the first violation…………....…………………..…………..Php10,000.00 b. For the second violation………....…………………………..…Php20,000.00 c. For the third violation……………….....………………………...Php50,000.00 d. For the fourth and subsequent violations....…………………..Php100,000.00

“Multiple Layers” refers to the layers of corporations comprising the ownership structure of the reporting corporation.

2.9.

SECTION 11. Penalties.

“Legal Owner” means the natural or juridical person who, in accordance with the pertinent provisions of Philippine law, owns or has the controlling ownership interest over the corporation or has the ability of taking relevant decisions within the corporation and impose those resolutions.

2.8.

STOCKHOLDERS' MEETING. DO NOT LEAVE ANY ITEM BLANK. WRITE "N.A." IF THE INFORMATION REQUIRED IS NOT APPLICABLE TO THE CORPORATION OR "NONE" IF THE INFORMATION IS NON-EXISTENT. IF THE ANNUAL STOCKHOLDERS' MEETING IS HELD ON A DATE OTHER THAN THAT STATED IN THE BY-LAWS, THE GIS SHALL BE SUBMITTED WITHIN THIRTY (30) CALENDAR DAYS AFTER THE ELECTION OF THE DIRECTORS, TRUSTEES AND OFFICERS OF THE CORPORATION AT THE ANNUAL MEMBERS' MEETING. IF NO MEETING IS HELD, THE CORPORATION SHALL SUBMIT THE GIS NOT LATER THAN JANUARY 30 OF THE FOLLOWING YEAR. HOWEVER, SHOULD AN ANNUAL STOCKHOLDERS' MEETING BE HELD THEREAFTER, A NEW GIS SHALL BE SUBMITTED/FILED. THIS GIS SHALL BE ACCOMPLISHED IN ENGLISH AND CERTIFIED AND SWORN TO BY THE CORPORATE SECRETARY OF THE CORPORATION. THE SEC SHOULD BE TIMELY APPRISED OF RELEVANT CHANGES IN THE SUBMITTED INFORMATION AS THEY ARISE. FOR CHANGES RESULTING FROM ACTIONS THAT AROSE BETWEEN THE ANNUAL MEETINGS, THE CORPORATION SHALL SUBMIT AMENDED GIS CONTAINING THE NEW INFORMATION TOGETHER WITH A COVER LETTER SIGNED THE CORPORATE SECRETARY OF THE CORPORATION. THE AMENDED GIS AND COVER LETTER SHALL BE SUBMITTED WITHIN SEVEN (7) DAYS AFTER SUCH CHANGE OCCURED OR BECAME EFFECTIVE. SUBMIT FOUR (4) COPIES OF THE GIS TO THE RECEIVING SECTION AT THE SEC MAIN OFFICE, OR TO SEC SATELLITE OFFICES OR EXTENSION OFFICES. ALL COPIES SHALL UNIFORMLY BE ON A4 OR LETTER-SIZED PAPER. THE PAGES OF ALL COPIES SHALL USE ONLY ONE SIDE ONLY THE GIS ACCOMPLISHED IN ACCORDANCE WITH THESE INSTRUCTIONS SHALL BE CONSIDERED AS HAVING BEEN FILED.

(AMLA), as amended? (Rep. Acts. 9160/9164/10167/10365) SECTION 10. Modifications in the GIS. For purposes of incorporating the modifications Please check the appropriate box: as provided for and adopted in this Circular, the Beneficial Ownership Declaration Page GIS_STOCK(v.2019) 1. and the Attestation Page in the GIS shall be in the form as appearing in the corresponding a. Banks pages in Annex “B” (GIS for Stock Corporations) and Annex “C” (GIS for Nonb. Offshore Banking Units Stock Corporations) hereof. c. Quasi-Banks

“Indirect Ownership” refers to the type of ownership through one’s percentage of ownership in a corporate shareholder of a corporation or through layers of corporate shareholders.

2.7.

1. FOR USER CORPORATION: THIS GIS SHOULD BE SUBMITTED WITHIN THIRTY (30) CALENDAR DAYS FROM THE DATE OF THE ANNUAL

COMPANY 4 (C4)

100%

Indirect Owner (8%)

17%

COMPANY 3 (C3)

35% 100%

100% Ê

Indirect Owner (28%)

COMPANY 5 (C5)

Indirect Owner (41.6%)

COMPANY 2 (C2)

100%

25%

COMPANY 6 (C6)

25%

COMPANY 1 (C1) 3%

30% Ê

COMPANY 7 (C7)

PERSON 6 (P6)

PERSON 1, PERSON 3 and PERSON 5 are the beneficial owners of COMPANY 1.  PERSON 1 indirectly owns 28% of COMPANY 1 computed as follows:  PERSON 5 indirectly owns 41.60% of COMPANY 1 computed as follows: %P1 x %C4 x %C3 x %C2 = 35% x 100% x 100% x 25% = 8.75% + %P5 x %C4 x %C3 x %C2 = 52% x 100% x 100% x 25% = 13.00% + %P1 x %C4 x %C3 x %C7 = 35% x 100% x 100% x 30% = 10.50% + %P5 x %C4 x %C3 x %C7 = 52% x 100% x 100% x 30% = 15.60% + %P1 x %C4 x %C5 x %C6 = 35% x 100% x 100% x 25% = 8.75% %P5 x %C4 x %C5 x %C6 = 52% x 100% x 100% x 25% = 13.00% TOTAL 28.00% TOTAL 41.60%  PERSON 3 indirectly owns 8% of COMPANY 1 computed as follows: %P3 x %C4 x %C3 x %C2 = 10% x 100% x 100% x 25% = 2.50% + %P3 x %C4 x %C3 x %C7 = 10% x 100% x 100% x 30% = 3.00% + %P3 x %C4 x %C5 x %C6 = 10% x 100% x 100% x 25% = 2.50% SUBTOTAL 8.00% = 17.00% PERSON 3 directly owns 12% of COMPANY 1 TOTAL 25.00%

8. 9. 10. 11. 12.

13.

14.

15.

INSTRUCTION: FOR SEX COLUMN, PUT "F" FOR FEMALE, "M" FOR MALE. FOR BOARD COLUMN, PUT "C" FOR CHAIRMAN, "M" FOR MEMBER, "I" FOR INDEPENDENT DIRECTOR. FOR INC'R COLUMN, PUT "Y" IF AN INCORPORATOR, "N" IF NOT. FOR STOCKHOLDER COLUMN, PUT "Y" IF A STOCKHOLDER, "N" IF NOT. FOR OFFICER COLUMN, INDICATE PARTICULAR POSITION IF AN OFFICER, FROM VP UP INCLUDING THE POSITION OF THE TREASURER, SECRETARY, COMPLIANCE OFFICER AND/OR ASSOCIATED PERSON. FOR EXECUTIVE COMMITTEE, INDICATE "C" IF MEMBER OF THE COMPENSATION COMMITTEE; "A" FOR AUDIT COMMITTEE; "N" FOR NOMINATION AND ELECTION COMMITTEE. ADDITIONALLY WRITE "C" AFTER SLASH IF CHAIRMAN AND "M" IF MEMBER.

CYAN MAGENTA YELLOW BLACK GIS_STOCK (v.2019)

Page 4

CYAN MAGENTA YELLOW BLACK

Manila

SATURDAY, JULY Standard 27, 2019 TODAY I, ___________________________________________, Corporate Secretary of ____________________________________________ declare under penalty of perjury that all matters set forth in this GIS have been made in good faith, duly verified by me and to the best of my knowledge and belief are true and correct.

GENERAL INFORMATION SHEET STOCK CORPORATION

================================ PLEASE PRINT LEGIBLY ================================ CORPORATE NAME: TOTAL NUMBER OF STOCKHOLDERS: TOTAL ASSETS BASED ON LATEST AUDITED FINANCIAL STATEMENTS:

STOCKHOLDER'S INFORMATION SHARES SUBSCRIBED TYPE

AMOUNT PAID (PhP)

% OF OWNERSHIP

AMOUNT (PhP)

NUMBER

NON-STOCK CORPORATION ================================ PLEASE PRINT LEGIBLY ================================ CORPORATE NAME: DIRECTORS / OFFICERS

I hereby attest that all the information in this GIS are being submitted in compliance with the rules and regulations of the Securities and Exchange Commission (SEC) the collection, processing, storage and sharing of said information being necessary to carry out the functions of public authority for the performance of the constitutionally and statutorily mandated functions of the SEC as a regulatory agency.

NO. OF STOCKHOLDERS WITH 100 OR MORE SHARES EACH:

NAME, NATIONALITY AND CURRENT RESIDENTIAL ADDRESS

GENERAL INFORMATION SHEET

NAME AND CURRENT RESIDENTIAL ADDRESS

I further attest that I have been authorized by the Board of Directors/Trustees to file this GIS with the SEC.

TAX IDENTIFICATION NUMBER

5. 6.

TOTAL

SUBSCRIBED AND SWORN TO before me in _______________________ on ____________________ by affiant who personally appeared before me and exhibited to me his/her competent evidence of identity consisting of _____________________ issued at ____________ on ___________________.

TOTAL 5.

TAX IDENTIFICATION NUMBER

OFFICER

(Signature over printed name)

SEX

TOTAL 3.

BOARD

Done this _______ day of ________________, 20 _____ in _____________________________.

TOTAL

INCORPORATOR

I understand that the Commission may place the corporation under delinquent status for failure to submit the reportorial requirements three (3) times, consecutively or intermittently, within a period of five (5) years (Section 177, RA No. 11232 ).

NATIONALITY

8. 9.

NOTARY PUBLIC

TOTAL 6.

TOTAL

10. 11.

BENEFICIAL OWNERSHIP DECLARATION

12.

Instructions: 1.

TOTAL TOTAL AMOUNT OF SUBSCRIBED CAPITAL

0.00%

0.00

TOTAL AMOUNT OF PAID-UP CAPITAL

INSTRUCTION: SPECIFY THE TOP 20 STOCKHOLDERS AND INDICATE THE REST AS OTHERS

Note: For PDTC Nominee included in the list, please indicate further the beneficial owners owning more than 5% of any class of the company's voting securities. Attach separate sheet, if necessary. GIS_STOCK (v.2019)

Page 5

GENERAL INFORMATION SHEET STOCK CORPORATION

“Beneficial Owner” refers to any natural person(s) who ultimately own(s) or control(s) or exercise(s) ultimate effective control over the corporation. This defination covers the natural person(s) who actualy own or control the corporation as destinguished from the legal owners. Such beneficial ownership may be determined on the basis of the following:

==================================== PLEASE PRINT LEGIBLY ==================================

NO. OF STOCKHOLDERS WITH 100 OR MORE SHARES EACH:

TOTAL ASSETS BASED ON LATEST AUDITED FS:

STOCKHOLDER'S INFORMATION SHARES SUBSCRIBED NAME, NATIONALITY AND CURRENT RESIDENTIAL ADDRESS

AMOUNT (PhP)

NUMBER

TYPE

TAX IDENTIFCATION NUMBER

AMOUNT PAID (PhP)

% OF OWNERSHIP

Description

Category GIS_STOCK(V.2019)

CORPORATE NAME: TOTAL NUMBER OF STOCKHOLDERS:

Identify the Beneficial Owner/s of the corporation as described in the Categories of Beneficial Ownership in items A to I below. List down as many as you can identify. You may use an additional sheet if necessary. Fill in the required information on the beneficial owner in the fields provided for. In the “Category of Beneficial Ownership” column, indicate the letter(s) corresponding thereto. In the event that the person identified as beneficial owner falls under several categories, indicate all the letters corresponding to such categories. If the category is under letter “I”, indicate the position held (i.e., Director/Trustee, President, Chief Executive Officer, Chief Operating Officer, Chief Financial Officer, etc.). Do not leave any item blank. Write “N/A” if the information required is not applicable or “NONE” if non-existent.

2. 3.

F G

TOTAL

I TOTAL

10.

TOTAL 11.

TOTAL

SPECIFIC RESIDENTIAL ADDRESS

NATIONALITY

DATE OF BIRTH

12.

14. 15. INSTRUCTIONS:

FOR SEX COLUMN, PUT "F" FOR FEMALE,"M" FOR MALE. FOR INCORPORATOR COLUMN, PUT "Y" IF AN INCORPORATOR, "N" IF NOT. FOR BOARD COLUMN, PUT "C" FOR CHAIRMAN, "M" FOR MEMBER. FOR OFFICER COLUMN, INDICATE PARTICULAR POSITION IF AN OFFICER, SUCH AS: PRE-PRESIDENT COO - CHIEF OPERATING OFFICER AUD - EXTERNAL AUDITOR

Page9

Natural person(s) owning, directly or indirectly or through a chain of ownership, at least twenty-five percent (25%) of the voting rights, voting shares or capital of the reporting corporation. Natural person(s) who exercise control over the reporting corporation, alone or together with others, through any contract, understanding, relationship, intermediary or tiered entity. Natural person(s) having the ability to elect a majority of the board of directors/trustees, or any similar body, of the corporation. Natural person(s) having the ability to exert a dominant influence over the management or policies of the corporation. Natural person(s) whose directions, instructions,or wishes in conducting the affairs of the corporation are carried out by majority of the members of the board of directors of such corporation who are accustomed or under an obligation to act in accordance with such person's directions, instructions or wishes. Natural person(s) acting as stewards of the properties of corporations, where such properties are under the care or administration of said natural person(s). Natural person(s) who actually own or control the reporting corporation through nominee shareholders or nominee directors acting for or on behalf of such natural persons. Natural person(s) ultimately owning or controlling or exercising ultimate effective control over the corporation through other means not falling under any of the foregoing categories. Natural person(s) exercising control through positions held within a corporation (i.e., responsible for strategic decisions that fundamentally affect the business practices or general direction of the corporation such as the members of the board of directors or trustees or simlar body within the corporation; or exercising executive control over the daily or regular affairs of the corporation through a senior mangement position). This category is only applicable in exceptional cases where no natural person is identifiable who ultimately owns or exerts control over the corporation, the reporting corporation having exhausted all reasonable means of identification and provided there are no grounds for suspicion.

COMPLETE NAME (Surname, Given Name, Middle Name, Name Extension (i.e., Jr., Sr., III)

13.

TYPE OF % OF BENEFICIAL TAX OWNERSHIP1 / OWNER3 IDENTIFICATION % OF VOTING NO. Direct (D) or RIGHTS2 Indirect (I)

CATEGORY OF BENEFICIAL OWNERSHIP

CEO - CHIEF EXEC. OFFICER COS - CORPORATE SECRETARY GOV - GOVERNMENT REPRESENTATIVE

CFO - TREASURER LEG - LEGAL COUNSEL OTR - OTHERS

N - NONE

GENERAL INFORMATION SHEET

NON-STOCK CORPORATION ================================= PLEASE PRINT LEGIBLY ================================== CORPORATE NAME: 1. INTERCOMPANY AFFILIATIONS PARENT COMPANY

SEC REG. NO.

ADDRESS

AFFILIATE

SEC REG. NO.

ADDRESS

GIS- NON-STOCK (v.2019)

Page 3

NOTE: USE ADDITIONAL SHEET IF NECESSARY

2. INVESTMENT OF CORPORATE FUNDS IN ANOTHER CORPORATION 2.1 STOCKS

AMOUNT (in PhP)

2.3

BONDS/COMMERCIAL PAPER (issued by private corporations) LOANS/ CREDITS/ ADVANCES

2.4

GOVERNMENT TREASURY BILLS

2.5

OTHERS

2.2

3. INVESTMENT OF CORPORATE FUNDS IN ACTIVITIES UNDER ITS SECONDARY PURPOSES (PLEASE SPECIFY:) 3.1

DATE OF BOARD RESOLUTION

DATE OF MEMBERS' RATIFICATION

3.2 3.3 3.4

TOTAL

3.5 4. FUND BALANCE (inÊ PhP) :

13.

5. SECONDARY LICENSE/REGISTRATION/AUTHORITY/ACCREDITATIONÊ OTHER GOVERNMENT AGENCY:

TOTAL

5.1

NAME OF AGENCY:

5.2

DATE ISSUED:

5.3

DATE STARTED OPERATIONS:

Note:Ê ThisÊ pageÊ isÊ notÊ forÊ uploadingÊ onÊ theÊ SECÊ iView. 14.

1 2 3

TOTAL

0.00

0.00%

TOTAL AMOUNT OF SUBSCRIBED CAPITAL

For Stock Corporattions. For Non-Stock Corporattions. For Stock Corporattions.

INSTRUCTION: SPECIFY THE TOP 20 STOCKHOLDERS AND INDICATE THE REST AS OTHERS

GENERAL INFORMATION SHEET STOCK CORPORATION

GIS_STOCK (v.2019) ==================================== PLEASE PRINT LEGIBLY ==================================

CORPORATE NAME:

GENERAL INSTRUCTIONS: 1. FOR USER CORPORATION: THIS GIS SHALL BE SUBMITTED WITHIN THIRTY (30) CALENDAR DAYS FROM THE DATE OF THE ANNUAL MEMBERS' MEETING AS STATED IN THE BY-LAWS. DO NOT LEAVE ANY ITEM BLANK. WRITE "N.A." IF THE INFORMATION REQUIRED IS NOT APPLICABLE TO THE CORPORATION OR "NONE" IF THE INFORMATION IS NON-EXISTENT.IF THE ANNUAL MEMBERS' MEETING IS HELD ON A DATE OTHER THAT STATED IN THE BY-LAWS, THE GIS SHALL BE SUBMITTED WITHIN THIRTY (30) CALENDAR DAYS AFTER THE ELECTION OF THE DIRECTORS, TRUSTEES AND OFFICERS OF THE CORPORATION AT THE ANNUAL MEMBERS' MEETING. 2. IF NO MEETING IS HELD, THE CORPORATION SHALL SUBMIT THE GIS NOT LATER THAN JANUARY 30 OF THE FOLLOWING YEAR. HOWEVER, SHOULD

Page 6

AN ANNUAL MEMBERS' MEETING BE HELD THEREAFTER, A NEW GIS SHALL BE SUBMITTED/FILED. 3. THIS GIS SHALL BE ACCOMPLISHED IN ENGLISH AND CERTIFIED AND SWORN TO BY THE CORPORATE SECRETARY OF THE CORPORATION.

NO. OF STOCKHOLDERS WITH 100 OR MORE SHARES EACH:

TOTAL ASSETS BASED ON LATEST AUDITED FS:

STOCKHOLDER'S INFORMATION SHARES SUBSCRIBED NAME, NATIONALITY AND CURRENT RESIDENTIAL ADDRESS

TYPE

AMOUNT (PhP)

NUMBER

% OF OWNERSHIP

GENERAL INFORMATION SHEET (GIS)

AMOUNT PAID (PhP)

TAX IDENTIFICATION NUMBER

15.

TOTAL 16.

TOTAL 17.

TOTAL 18.

TOTAL 19.

TOTAL

4. ALL CHANGES ARISING BETWEEN ANNUAL MEETINGS AND AFFECTING THE INFORMATION STATED IN THE GIS, SUCH AS THE DEATH, RESIGNATION OR CESSATION OF HOLDING OF OFFICE OF A DIRECTOR, TRUSTEE, OR OFFICER, SHALL BE REFLECTED IN AN AMENDED GIS LABELED AS SUCH AND THE CHANGES CLEARLY HIGHLIGHTED. THE AMENDED GIS SHALL BE SUBMITTED WITHIN SEVEN [7] DAYS AFTER SUCH CHANGES OCCURRED OR BECAME EFFECTIVE. 5. SUBMIT FOUR (4) COPIES OF THE GIS TO THE RECEIVING SECTION AT THE SEC MAIN OFFICE, OR TO SEC SATELLITE OFFICES OR EXTENSION OFFICES. ALL COPIES SHALL UNIFORMLY BE ON A4 OR LETTER-SIZED PAPER. THE PAGES OF ALL COPIES SHALL USE ONLY ONE SIDE. 6. ONLY THE GIS ACCOMPLISHED IN ACCORDANCE WITH THESE INSTRUCTIONS SHALL BE CONSIDERED AS COMPLIANT WITH EXISTING RULES AND REGULATIONS. 7. THIS GIS MAY BE USED AS EVIDENCE AGAINST THE CORPORATION AND ITS RESPONSIBLE DIRECTORS/TRUSTEES/OFFICERS FOR ANY VIOLATION OF EXISTING LAWS, RULES AND REGULATIONS

CORPORATE NAME:

DATE REGISTERED:

BUSINESS/ TRADE NAME

FISCAL YEAR END:

SEC REGISTRATION NUMBER:

CORPORATE TAX IDENTIFICATION NUMBER (TIN):

DATE OF ANNUAL MEETING PER BY-LAWS:

WEBSITE/URL ADDRESS:

DATE OF ACTUAL MEETING:

EMAIL ADDRESS:

COMPLETE PRINCIPAL OFFICE ADDRESS:

TELEPHONE NUMBER(S):

COMPLETE BUSINESS ADDRESS:

FAX NUMBER(S):

NAME OF EXTERNAL AUDITOR & SIGNING PARTNER:

TOTAL 21. OTHERS (Indicate the number of the remaining stockholders)

SEC ACCREDITATION NUMBER:

IF ENGAGED IN MICROFINANCE BUSINESS, CHECK SERVICES TOTAL

0.00%

Deposits Loans

Money Transfer

0.00

TOTAL AMOUNT OF PAID-UP CAPITAL

INSTRUCTION: SPECIFY THE TOP 20 STOCKHOLDERS AND INDICATE THE REST AS OTHERS

Note: For PDTC Nominee included in the list, please indicate further the beneficial owners owning more than 5% of any class of the company's voting securities. Attach separate sheet, if necessary.

GIS- NON-STOCK(v.2019)

STOCK CORPORATION

PLEASE PRINT LEGIBLY

a. b. c. d. e. f. g. h. i. j. k.

Page 7

1.4 GOVERNMENT TREASURY BILLS 1.5 OTHERS DATE OF BOARD RESOLUTION

3. TREASURY SHARES

DATE OF STOCKHOLDERS RATIFICATION

% AS TO THE TOTAL NO. OF SHARES ISSUED

NO. OF SHARES

4. UNRESTRICTED/UNAPPROPRIATED RETAINED EARNINGS AS OF END OF LAST FISCAL YEAR 5. DIVIDENDS DECLARED DURING THE IMMEDIATELY PRECEDING YEAR: AMOUNT (PhP)

TYPE OF DIVIDEND CASH

5.2

STOCK

5.3

PROPERTY

DATE DECLARED 3.

TOTAL NO. OF SHARES

h. i. j. k. l.

CODE (NGC):

I further attest that I have been authorized by the Board of Directors/Trustees to file this GIS with the SEC.

BENEFICIAL OWNERSHIP DECLARATION

NON-STOCK CORPORATION

TOTAL NO. OF OFFICERS

TOTAL NO. OF RANK & FILE EMPLOYEES

NOTE: USE ADDITIONAL SHEET IF NECESSARY

CYAN MAGENTA YELLOW BLACK

Banks Offshore Banking Units Quasi-Banks Trust Entities Non-Stock Savings and Loan Associations Pawnshops Foreign Exchage Dealers Money Changers Remittance Agents Electronic Money Issuers Financial Institutions which Under Special Laws are subject to Bangko Sentral ng Pilipinas' (BSP) supervision and/or regulation, including their subsidiaries and affiliates.

TOTAL MANPOWER COMPLEMENT

Page 8

NOTARY PUBLIC

Instructions:

GENERAL INFORMATION SHEET

Page 1

Jewelry dealers in precious metals, who, as a business, trade in precious metals

Jewelry dealers in precious stones, who, as a business, trade in precious stone

Company service providers which, as a business, provide any of the following services to third parties:

c. providing a registered office, business address or accommodation, correspondence or administrative address for a company, a partnership or any other legal person or arrangement

Investment Houses Investment Agents and Consultants Trading Advisors Other entities managing Securities or rendering similar services

Mutual Funds or Open-end Investment Companies Close-end Investment Companies Common Trust Funds or Issuers and other similar entities Transfer Companies and other similar entities Other entities administering or otherwise dealing in currency, commodities or financial derivatives based there on m. Entities administering of otherwise dealing in valuable objects

DATE STARTED OPERATIONS: TOTAL ANNUAL COMPENSATION OF DIRECTORS DURING THE PRECEDING FISCAL YEAR (in PhP)

a. b. c. d. e. f. g. h. i. j.

d. e. f. g.

AMOUNT

SECONDARY LICENSE/REGISTRATION WITH SEC AND OTHER GOV'T AGENCY: SEC BSP NAME OF AGENCY: TYPE OF LICENSE/REGN. DATE ISSUED:

GIS_STOCK (v.2019)

NATIONAL GEOGRAPHICAL

Others

a. Securities Dealers b. Securities Brokers c. Securities Salesman

6. ADDITIONAL SHARES ISSUED DURING THE PERIOD: DATE

INDUSTRY CLASSIFICATION CODE:

DATE OF BOARD RESOLUTION

1.2 BONDS/COMMERCIAL PAPER (Issued by Private Corporations) 1.3 LOANS/ CREDITS/ ADVANCES

5.1

Payment Services

Page4

TOÊ BEÊ FILLEDÊ UPÊ BYÊ SECÊ PERSONNEL:

Insurance Products

(AMLA), as amended? (Rep. Acts. 9160/9164/10167/10365)

GIS_STOCK (v.2019)

2. INVESTMENT OF CORPORATE FUNDS IN ACTIVITIES UNDER ITS SECONDARY PURPOSES (PLEASE SPECIFY:)

9. TOTAL MANPOWER COMPLEMENT

GIS- NON-STOCK (v.2019)

TELEPHONE NUMBER(S):

Please check the appropriate box:

AMOUNT (PhP)

8. TOTAL NO. OF RANK & FILE EMPLOYEES

DEPARTMENT OF SOCIAL WELFARE AND DEVELOPMENT

(Signature over printed name)

================================ PLEASE PRINT LEGIBLY ================================ Corporate Name: A. Is the Corporation a covered person under the Anti Money Laundering Act

GENERAL INFORMATION SHEET

1. INVESTMENT OF CORPORATE FUNDS IN ANOTHER CORPORATION 1.1 STOCKS

7. TOTAL NO. OF OFFICERS

TECHNICAL EDUCATION AND SKILLS DEVELOPMENT AUTHORITY

I, ___________________________________________, Corporate Secretary of ____________________________________________ declare under penalty of perjury that all matters set forth in this GIS have been made in good faith, duly verified by me and to the best of my knowledge and belief are true and correct.

PRIMARY PURPOSE ENGAGED IN:

20.

CORPORATE NAME:

COMMISSION ON HIGHER EDUCATION

NOTE: USE ADDITIONAL SHEET IF NECESSARY

================================ PLEASE PRINT LEGIBLY =====================================

TOTAL AMOUNT OF SUBSCRIBED CAPITAL

DEPARTMENT OF EDUCATION

FOR THE YEAR _______________________

Note: For PDTC Nominee included in the list, please indicate further the beneficial owners owning more than 5% of any class of the company's voting securities. Attach separate sheet, if necessary.

TOTAL NUMBER OF STOCKHOLDERS:

INSURANCE COMMISSION

6.TOTAL ANNUAL COMPENSATION OF DIRECTORS/TRUSTEES DURING THE PRECEDING FISCAL YEAR (in PhP)

NON-STOCK CORPORATION

TOTAL AMOUNT OF PAID-UP CAPITAL

BANGKO SENTRAL NG PILIPINAS

d. acting as (or arranging for another person to act as) a nominee shareholder for another person Persons who provide any of the following services:

a. managing of client money, securities or other assets

b. management of bank, savings or securities accounts c. organization of contributions for the creation, operation or management of companies

2. 3.

Category A

Natural person(s) owning, directly or indirectly or through a chain of ownership, at least twenty-five percent (25%) of the voting rights, voting shares or capital of the reporting corporation. Natural person(s) who exercise control over the reporting corporation, alone or together with others, through any B contract, understanding, relationship, intermediary or tiered entity. C Natural person(s) having the ability to elect a majority of the board of directors/trustees, or any similar body, of GIS-NON-STOCK(V.2019) the corporation. D Natural person(s) having the ability to exert a dominant influence over the management or policies of the corporation. E Natural person(s) whose directions, instructions,or wishes in conducting the affairs of the corporation are carried out by majority of the members of the board of directors of such corporation who are accustomed or under an obligation to act in accordance with such person's directions, instructions or wishes. F Natural person(s) acting as stewards of the properties of corporations, where such properties are under the care or administration of said natural person(s). G Natural person(s) who actually own or control the reporting corporation through nominee shareholders or nominee directors acting for or on behalf of such natural persons. H Natural person(s) ultimately owning or controlling or exercising ultimate effective control over the corporation through other means not falling under any of the foregoing categories. I Natural person(s) exercising control through positions held within a corporation (i.e., responsible for strategic decisions that fundamentally affect the business practices or general direction of the corporation such as the members of the board of directors or trustees or simlar body within the corporation; or exercising executive control over the daily or regular affairs of the corporation through a senior mangement position). This category is only applicable in exceptional cases where no natural person is identifiable who ultimately owns or exerts control over the corporation, the reporting corporation having exhausted all reasonable means of identification and provided there are no grounds for suspicion.

COMPLETE NAME (Surname, Given Name, Middle Name, Name Extension (i.e., Jr., Sr., III)

SPECIFIC RESIDENTIAL ADDRESS

NATIONALITY

d. creation, operation or management of juridical persons or arrangements, and buying and selling business entities None of the above

n. Entities administering or otherwise dealing in cash Substitutes Describe and other similar monetary instruments or property supervised nature of and/or regulated by the Securities and Exchange Commission business: (SEC) B. Has the Corporation complied with the requirements on Customer Due Diligence (CDD) or Know Your Customer (KYC), record-keeping, and submission of reports under the AMLA, as amended, since the last filing of its GIS?

Note:Ê ThisÊ pageÊ isÊ notÊ forÊ uploadingÊ onÊ theÊ SECÊ iView. 1 2 3

For Stock Corporattions. For Non-Stock Corporattions. For Stock Corporattions.

DATE OF BIRTH

TAX IDENTIFICATION

NO.

TYPE OF % OF BENEFICIAL OWNERSHIP1 / OWNER3 % OF VOTING Direct (D) or RIGHTS2 Indirect (I)

Page5

CATEGORY OF BENEFICIAL OWNERSHIP

News

mst.daydesk@gmail.com

SATURDAY, JULY 27, 2019

Du30 signs Commission for Senior Citizens Act By MJ Blancaflor PRESIDENT Rodrigo Duterte has signed a new law creating the National Commission of Senior Citizens, which will ensure the implementation of laws and programs for the citizens who belong to the elderly sector. President Duterte on Thursday signed Republic Act No. 11350 creating the new commission that is expected to formulate policies for the promotion and protection of the rights and well-being of senior citizens. The new commission will also conduct information, education, and communication campaigns to raise awareness on the rights of senior citizens. Operating under the Office of the President, the NCSC will also represent the country in international functions or conferences on senior citizens, and is expected to establish linkages with other institutions or organizations from other countries. The law, copies of which were sent to Palace reporters Friday, abolishes the National Coordinating and Monitoring Board created by virtue of the Expanded Senior Citizens Act of 2010. All programs and activities of the Department of Social Welfare and Development related to senior citizens shall be transferred to the new commission, according to the law. The new commission will be composed of a chairperson and six commissioners who should be at least 60 years old at the time of their appointment, and must come from different geographical regions in the country.

TURNOVER. Outgoing LCP (League of Cities of the Philippines) national president Mayor Edgardo Pamintuan (left) of Angeles City turns over the LCP flag to incoming LCP national president Mayor Evelio Leonardia of Bacolod City, at the LCP 68th General Assembly and Election of National Executive Board for 2019- 2022, at the EDSA Shangri-La in Manila recently. LCP PHOTO

Bacolod mayor heads LCP

OR the ﬁrst time in the 31-year history of the League of Cities of the Philippines, a mayor of Bacolod City was elected as its national president during LCP’s recent 68th General Assembly and Election of its National Executive Board at the EDSA Shangri-La in Mandaluyong City. Bacolod City Mayor Evelio Leonardia was elected national president of the LCP for the 2019 to 2022 term. Other mayors sworn in were first-termer Edgardo Labella of Cebu City as national chairman; Ronnel Rivera of General Santos City as national vice-chairman; Joy Belmonte-Alimurung of Quezon City as executive vice president; and Arnan Panaligan of Calapan City as secretary-general. LCP is a formal organization of all 145 cities in the country, representing some 40 million people, or half of the country’s population. Leonardia succeeded Angeles City

Mayor Edgardo Pamintuan, who turned over the LCP flag to the new national president in rites during the assembly. On the regional level, three other city mayors from Negros Occidental were elected to the National Executive Board: Mark Andrew Golez of Silay City as regional representative for Region 6, Nicholas Yulo of Bago City as deputy secretary-general for Visayas, and Francis Frederick Palanca of Victorias City as deputy PRO for Visayas. Leonardia and the new LCP officials took their oath of office before Senator Francis Tolentino, a former

LCP national president when he was city mayor of Tagaytay in Cavite. “Ding” Leonardia has been consistently elected to the LCP National Executive Board throughout his six terms as city mayor. He was elected deputy secretary-general for the Visayas in 2016, executive vice president in 2010, vice chairman in 2007, deputy secretary-general for the Visayas in 2004, and vice president for the Visayas in 1995. “I am humbled by the trust given to me by my fellow city mayors,” Leonardia said. To be the national president of the LCP is a great challenge, he said, “because it imposes upon that person the responsibility to help LGUs become more innovative and effective in their public service through networking programs among themselves and with other government agencies, locally and internationally.”

IN BRIEF BI: No more loafing, escorting at NAIA THE so-called “travel escort service” involving erring Immigration officers continues unabated at the Ninoy Aquino International Airport. This prompted the Bureau of Immigration to issue a memorandum prohibiting its personnel assigned to NAIA from “loafing, facilitating and escorting” any arriving and departing passenger. NAIA chief immigration officer Grifton Medina reiterated the bureau’s policy issued eight years ago, and warned that employees who defy the directive will be meted stiff disciplinary sanctions and slapped with administrative cases. Immigration agents were also restricted from entering areas outside their tour of duty or terminal assignment. Medina explained the directive is just one of several preventive measures being implemented by the agency. In the same memorandum, Medina also disclosed that NAIA’s immigration areas have been “sanitized” by making them off-limits to non-BI personnel. He said BI employees should desist from escorting or facilitating arriving and departing passengers, either personally or via text messaging or phone calls, for the purpose of expediting the conduct of immigration formalities by immigration officers in the counters. Joel E. Zurbano

DOST alarmed over cost of hunger to PH THE Department of Science and Technology expressed alarm over the P328billion cost of hunger to the country since 2013. At a media conference in Quezon City, Secretary Fortunato dela Peña cited a 2016 report of the Save the Children organization showing the high cost of hunger has caused P166.50 billion in lost income due to lower educational attainment, P1.23 billion in educational costs, and P160 billion in lost productivity due to premature mortality. Citing another report of the United Nations Children’s Fund, Dela Peña said the Philippines is losing P220 billion per year due to undernutrition, and that over 29,000 Filipino children under five years old die every year. An estimated P5 billion annually is needed for every key interventions, especially during the child’s first 1,000 days, he noted. The DOST said it would need P3.94 billion to be able to help 3.28-million stunted children aged six to 47 months regain proper health. Rio N. Araja

IN BRIEF

Robinsons Bank starts offer of P2.5-b bonds ROBINSONS Bank Corp., the financial services arm of JG Summit Group of companies, started offering P2.5 billion in peso-denominated bonds, with an oversubscription option of P2.5 billion. The bank plans to use the proceeds from the issuance to support lending activities and diversify funding sources. The two-year bond issuance has an indicative rate of 2-year BVAL rate plus 40 to 80 basis points. Interest payments will be made every quarter and the full principal will be paid out on 2021. Manila-based debt watcher Philippine Rating Services Corp. (PhilRatings) has assigned an issue rating of PRS Aa minus with a Stable Outlook to the bond issuance. Obligations rated “PRS Aa” have a very strong capacity to meet the financial commitments. The public offering began on July 26 and will run until August 1, 2019. The maiden bond issuance will be issued and listed on Philippine Dealing and Exchange Corp. on fixed income platform on August 12, 2019. The offering calls for a minimum investment of P50,000 and in increments of P10,000 thereafter.

Business

MB approves risk management rules THE Monetary Board, the policy-making body of Bangko Sentral ng Pilipinas, approved the risk management guidelines on investment activities of banks and quasi-banks. The guidelines aim to set out the regulatory expectations in managing risks arising from investment activities considering the exposures of banks/QBs to a wide range of instruments, which include bonds issued by emerging economies, complex structured products and other tradable assets. “The issuance emphasizes the need to conduct an appropriate due diligence prior to making an investment and on an ongoing basis,” the BSP said. “The conduct of due diligence reviews for new plain vanilla instruments acquired for trading or short-term proﬁt taking (i.e., to be held in the trading book) may be made at the option of the bank/QB as long as the resulting positions from the investments are still within the set limits,” it added. Darwin G. Amojelar

Kyushu-based companies keen to invest in PH JAPANESE companies based in the Kyushu prefecture formalized their interest to invest in the Philippines with the signing of a memorandum of understanding between the Board of Investments and Kyushu Economy International. The agreement aims to promote economic exchange, deepen people-topeople understanding and friendship for mutual economic development in the Philippines and the Kyushu region of Japan. Under the agreement, both parties will collaborate in the promotion of investments to encourage the establishment and expansion of businesses; information exchange; and provision of support to facilitate inward investments to each other. “Kyushu’s focus on seeking new trading partners for their region, is a perfect fit for the Philippines’ goal in creating new trade arrangements with non-traditional partners,” said Trade Secretary Ramon Lopez. He noted that the agreement would find complementarities between the industries of the Philippines and Kyushu. Lopez said the Philippines and KEI can collaborate on many areas due to natural synergies. The BoI identified 12 priority sectors where the Philippine and KEI can collaborate. These include electronic manufacturing services, automotive and auto parts, aerospace parts, chemicals, shipbuilding, design-oriented furniture and garments, tool and die, and agri-business. The services sector includes the information technology and business process management; transport and logistics; tourism; and construction sectors. Othel V. Campos

business@manilastandard.net extrastory2000@gmail.com SATURDAY, JULY 27, 2019

Bloomberry establishes unit to run cruise ports By Jenniffer B. Austria

Napocor opens new Catanduanes line STATE-OWNED National Power Corp. on Thursday switched on the 15-kilometer Virac to San Miguel 69 kV transmission line and the 5 MVA Codon substation in the province of Catanduanes. Napocor said it allotted P240 million for the completion of the projects, which is seen to signiﬁcantly contribute to a more reliable transfer of power from the power plants to households and establishments. Napocor president and chief executive ofﬁcer Pio Benavidez said the company aimed to complete the backbone transmission system of island provinces and build better and more resilient power facilities. “We employ high-quality standards for our power facilities knowing that the areas we serve are the most susceptible to typhoons,” said Benavidez, who also hails from Catanduanes. Pending the private sector’s full takeover of the province’s power generation requirements, Napocor maintains its Marinawa, Viga and Balongbong hydroelectric power plants with a total dependable capacity of 6.65 megawatts.

Ray S. Eñano, Editor Roderick T. dela Cruz, Assistant Editor

KYUSHU COMPANIES. Kyushu-based Japanese companies formalize their interest to invest in the Philippines with the signing of a memorandum of understanding between the Board of Investments and the Kyushu Economy International at the New World Hotel, Makati, on July 16, 2019. Leading the signatories are Trade Secretary and BoI chairman Ramon Lopez (second from left) and Kyushu Economic Federation chairman Yutaka Aso (second from right). With them are (from left) Trade Undersecretary and BoI Managing head Ceferino Rodolfo, Trade Undersecretary Rowel Barba and KEI adviser Koichi Shiota, also director general of the Kyushu Bureau of Economy Trade and Industry.

BDO’s profit jumped 53% st to P20.2b in 1 6 months B By Darwin G. Amojelar

DO Unibank Inc., the country’s largest lender controlled by the Sy Group, said Friday net income in the ﬁrst six months of 2019 jumped 53 percent P20.2 billion from P13.1 billion year-on-year.

The bank attributed the higher proﬁt to strong recurring earnings from its core businesses, solid growth in fee income and normalization of trading and forex gains. The bank’s net interest income increased 24 percent to P56.9 billion as net interest margins improved to 3.99 percent from 3.50 percent last year. Gross customer loans grew 7 percent to P2 trillion, as the bank continued to generate double-digit growth in the consumer and middle market segments. Meanwhile, total deposits rose 3 per-

cent to P2.4 trillion, reﬂective of customers’ shift to higher-yielding ﬁxed income investments, primarily bankissued bonds. BDO’s s CASA ratio, however, stood at 70 percent. The bank’s non-interest income was up 29 percent to P29.5 billion as fee-based income and insurance premiums posted double-digit growth, while trading and forex gains normalized to P3.6 billion on favorable capital market conditions. Operating expenses increased 21 percent in line with the bank’s continuing expansion, with 53 domestic

branches and offices opened in the first half of 2019, as well as higher volumerelated expenses. Taxes and licenses and policy reserves at BDO life increased 51 percent. Excluding volume-related expenses, operation expenses growth would have risen by 14 percent in line with the bank’s investment in branches and business development offices nationwide. Provisions amounted to P3 billion as the bank maintained its conservative credit and provisioning policies. The gross non-performing loan ratio was steady at 1.2 percent, while NPL cover remained high at 163.2 percent. Total capital grew to P350.8 billion, with capital adequacy ratio from common equity tier 1 ratio at 14.2 percent and 12.6 percent, respectively, higher quarter-on-quarter and remaining comfortably above regulatory requirements “With expectations of better economic prospects going forward, BDO will continue to build on its business franchise and extensive distribution network to tap new growth areas and underserved markets,” the bank said.

LIFE INSURER OF THE YEAR. InLife

executive chairman Nina Aguas (left) and InLife president and chief executive Mona Lisa dela Cruz (right) receive the Domestic Life Insurer of the Year Award from Tim Charlton, publisher of Insurance Asia magazine. Insular Life for the third consecutive year won the Domestic Life Insurer of the Year – Philippines” given by the Insurance Asia Awards. The IAA recognizes the best insurance companies in Asia whose practices, initiatives, and innovation created the most impact in the market where they operate in.

AUSTRALIA’S OceanaGold Corp. plans to elevate its plea for injunction to the Court of Appeals after the provincial court of Nueva Vizcaya denied the request of the company to end the unauthorized restraint of the Didipio operations by the local government. Local government units of Nueva Vizcaya since July 1, 2019 denied access to and from the mine site in response to an alleged unlawful directive from the governor to ‘restrain any operations’ of the company. Due to the depletion of consumable mining supplies, Didipio’s underground mining has been suspended. Ore processing continues along with other critical activities to ensure the safety of employees and protection of the environment. The company sought a renewal of

AC Energy set to transfer stake in Lanao plant By Alena Mae S. Flores

OceanaGold set to elevate injunction plea to higher court By Othel V. Campos

BLOOMBERRY Resorts Corp., the gaming unit of business tycoon Enrique Razon Jr. formed Bloomberry Cruise Terminals Inc. as its corporate vehicle to establish, manage and operate planned cruise terminals. Bloomberry said in a disclosure to the stock exchange BCTI would initially manage and operate the cruise facility to be established under a lease agreement with the Philippine Ports Authority in the Port of Salomague in Cabugao, Ilocos Sur. Bloomberry said BCTI in the future would also manage the proposed $308-million Solaire Cruise Center and Yacht Harbor. Bloomberry’s wholly-owned unit Surestre Properties Inc. will develop the harbor project adjacent to and linked with Solaire Resort & Casino at the Entertainment City in Parañaque City. Construction of Solaire Cruise Center is set to start in the third quarter of 2019, while completion is expected by the third quarter of 2021. The project is envisioned to be the region’s premier marine leisure gateway, linking Manila and the Philippines to the rest of the world. The Tourism Infrastructure and Enterprise Zone Authority recently approved the designation of the proposed Solaire Cruise Center and Yacht Harbor as a Tourism Enterprise Zone, subject to certain conditions. The project includes marine and terminal facilities, homeport and port-ofcall operations, an expanded harbor offering dining, shopping, entertainment and maritime recreation, and walkable esplanades and plazas. Bloomberry said the creation of BCTI was expected to complement the company’s s tourism and leisure business. Bloomberry reported a 40-percent decline in net income to P2.2 billion in the ﬁrst quarter of the year from P3.69 billion year-on-year on lower foreign exchange gains and higher interest expenses. Interest expenses jumped due to the full drawdown of a P73.5-billion syndicated loan it raised in April 2018. Consolidated gross gaming revenues, which include the operations of Solaire Resorts and Jeju Sun Hotel & Casino in South Korea, were ﬂat at P13.87 billion.

the Financial or Technical Assistance Agreement with the Department of environment and Natural Resources in March 2018. The DENR allowed the miner to continue operations pending confirmation of the FTAA renewal. The company said the authority over the Didipio Mine rested with the national government. The Local Government Code of 1991 (Republic Act No. 7160), it said, did not grant the power or authority to the provincial governor or any local government officer to restrain any aspect of the Didipio operation. The company continues to work with the national government to finalize the renewal of the FTAA and remains open to the opportunity to engage with the provincial government and work together in the best interest of the local stakeholders. OceanaGold said it remained com-

mitted to operating in accordance with the law and would always comply with its responsibilities under the contract with the national government. The Didipio Mine is an underground gold and copper mine located across the provinces of Quirino and Nueva Vizcaya. The operation in the past decade received numerous awards. It is a two-time recipient of the Presidential Award as the most environmentally and socially responsible mining operation in the Philippines and was awarded the ﬁrst Asean Mineral Award for best practices in sustainable development. It is considered one of the safest gold mining operations in the world. The company over the past two years implemented a state-of-art automated and digital underground mining technology.

AC ENERGY Inc. signed an agreement to transfer its indirect ownership interest in the 540-megawatt, coal-ﬁred power project in Kauswagan, Lanao del Norte to Power Partners Ltd. Co. Power Partners is AC Energy’s existing developer-partner in the GN Power Kauswagan project. “The transfer will be implemented in tranches, with the ﬁnal transfer price to be agreed upon by the parties at a later date after taking into account agreed adjustments,” AC Energy parent Ayala Corp. disclosed to the Philippine Stock Exchange on Friday. The completion of the transfer is subject to the satisfaction of certain conditions precedent, including approvals by the Philippine Competition Commission and the lenders of the GN Power Kauswagan project. “The transfer of AC Energy’s interest in the GNPK project is part of AC Energy’s plan to rebalance its generation portfolio as it aims to grow its renewable energy assets with a target of achieving at least 5 gigawattts of attributable renewable energy capacity by 2025,” AC Energy said. GNPower Kauswagan is a subsidiary of Ayala-owned AC Energy, with its 85 percent economic stake, while Philippine Investment Alliance for Infrastructure Fund and Power Partners owns 15 percent. The plant comprises four units of 135-MW thermal plant with Shanghai boilers and Siemens turbines and generators. The Kauswagan plant is strategically located as the effective gateway to the Mindanao-Visayas transmission interconnection. The construction of the base load plant is in full swing and is expected to be in commercial operation this year.

Business

SATURDAY, JULY 27, 2019 extrastory2000@gmail.com

Stocks fall; Jollibee bounces back T HE stock market retreated Friday on profit-taking and losses on Wall Street overnight.

The Philippine Stock Exchange Index fell 88.19 points, or 1.1 percent, to 8,183.99 on a value turnover of P5.9 billion. Gainers, however, edged losers, 91 to 90, with 58 issues unchanged. JG Summit Holdings Inc. of industrialist John Gokongwei dropped 4.1 percent to P66.20, while BDO Unibank Inc., the biggest lender in terms of assets, lost 2.4 percent to P148.20. Major property developer Ayala Land Inc. declined 2.3 percent to P51.35, but Jollibee Foods Corp., the largest fastfood chain, rallied 6.8 percent to P252 on bargain hunting after slumping in the previous sessions. The rest of Asian markets tumbled Friday after disappointing US earnings and a

bearish outlook on hopes for a Fed rate cut weighed on Wall Street overnight. Tesla and American Airlines both suffered bruising declines after posting quarterly results, while Amazon reported a slowdown in earnings growth as it ramped up one-day delivery operations. American stocks had been bolstered in recent weeks by expectations that the Federal Reserve will cut interest rates next week. But strong American economic data, including Thursday’s report showing an increase in durable goods sales in June, has investors fearing a less dovish Fed announcement. “Markets are getting nervous that Fed could disappoint next week,” said OANDA senior market analyst Edward Moya. Recent data also showed that Washington’s long-running trade war with Beijing was “not having a terrible impact” on the American economy, he added, tempering

hopes of a sizeable rate cut. Tokyo was down 0.5 percent at close as investors went into profit-taking mode ahead of the weekend, ending a three-day winning streak. Beleaguered automaker Nissan was off 3.2 percent after announcing a 95-percent plunge in quarterly net profit and the shedding of 12,500 jobs on Thursday. Chip-testing equipment maker Advantest also edged lower after a 20.2-percent surge Thursday on better-than-expected quarterly earnings. But Japan’s SoftBank Group rose 1.1 percent after it announced a new $108-billion fund to drive investment in artificial intelligence. Shanghai was up 0.3 percent in afternoon trade and Hong Kong fell by 0.5 percent, while Singapore and Taipei were both down. Sydney pared Thursday’s gains on the

back of central bank chief Philip Lowe hinting at further rate cuts, finishing 0.4 percent down after Australia’s competition watchdog called for measures to better police internet giants Google and Facebook. Mixed messaging from the European Central Bank over further stimulus had weighed on regional bourses, said Michael Hewson of CMC Markets, after major European indices dipped in Thursday trade. “Uncertainty has elicited a similar response from markets in Asia where the Bank of Japan also has a similar decision to make next week about easing policy further,” he said. The euro hit two-year lows before rallying Thursday after the ECB signaled it could soon undertake new stimulus measures and cut rates to boost flagging growth and inflation in Europe. With AFP

MANILA STANDARD BUSINESS DAILY STOCKS REVIEW FRIDAY, JULY 26, 2019

VALUE

NET FOREIGN BUYING/(SELLING), PHP

FINANCIALS 58.5 2,320 90.6 1,099,860 2.28 44,000 148.2 1,992,370 1.17 135,000 27 187,000 18.6 37,200 12.3 564,300 4.78 38,000 0.46 160,000 75 3,561,550 1.15 2,909,000 13.24 15,500 50.3 227,290 188 1,760 115.3 400 59.4 3,370 28.5 61,700 185 74,480 60 17,780

135,300 99,639,533.50 97,510 298,165,663 156,290 5,042,215 695,046 6,905,762 178,050 73,600 269,222,926.50 3,301,440 205,220 11,425,648.50 328,765 46,120 199,928.50 1,733,150 13,732,332 1,066,845

135,300 8,129,051.50 -22,230 -169,211,203 -3,721,905 -1,541,992 1,530,720.50 39,720 -1,238,795 91,756 795,100 -1,998,318 -767,434.50

36.6 13.9 0.75 1.31 0.27 2.75 14.54 103.1 16.1 15.62 79.5 88 1.99 5.19 6.2 10.32 14.5 10.74 7.5 26 86.85 56 2.15 13.96 9.46 1.66 237.2 8.87 23.5 14.16 18.5 375 0.187 1.63 4.75 5.59 9.05 2.49 11.82 38.2 5.01 5.05 1.5 1.07 13.64 100.1 6.55 1.09 171 2.47 1.21 16.12 1.26

INDUSTRIAL 36.65 991,900 14 629,000 0.77 1,303,000 1.31 70,000 0.27 6,880,000 2.8 10,321,000 14.7 670,400 106 530 16.4 215,700 16.86 200 81.4 5,650 93.35 21,280 2.08 400,000 5.19 10,000 6.21 66,800 10.42 2,950,400 14.58 1,027,000 10.92 70,300 7.59 79,600 26.9 841,100 87.05 341,040 59.1 188,110 2.22 5,197,000 14 874,100 9.47 166,300 1.69 47,000 252 4,396,700 8.87 2,200 23.55 142,000 14.2 657,300 18.7 939,000 375 208,040 0.187 230,000 1.67 2,747,000 4.78 23,000 5.6 1,252,000 9.05 1,000 2.53 4,755,000 11.98 1,900 38.7 526,200 5.47 145,500 5.09 11,200 1.54 651,000 1.07 473,000 14 131,200 100.3 87,430 6.7 26,600 1.13 603,000 171 931,670 2.48 50,000 1.24 1,596,000 16.12 200 1.26 3,587,000

36,393,750 8,789,110 992,850 91,700 1,901,000 28,882,070 9,855,086 56,209 3,539,586 3,248 455,230 1,992,943.50 834,500 51,900 415,152 30,690,516 14,980,858 761,780 601,320 22,498,135 29,682,263 10,838,661.50 11,394,750 12,229,858 1,577,944 78,660 1,096,023,328 19,514 3,346,570 9,346,326 17,549,578 78,406,146 43,060 4,594,610 109,890 7,013,712 9,050 12,021,460 22,666 20,400,965 781,248 56,783 990,470 508,220 1,811,118 8,812,393 175,830 662,950 160,324,009 123,560 1,972,170 3,224 4,601,630

-12,029,545.00 -6,061,882 300 -7,998,660.00 -979,226 -10,510 -138,440 642,667 -64,586 9,674,034 -3,704,570 150,088 156,817 2,641,510 -15,301,826.50 980,114 1,344,780 -2,364,426 443,815 287,339,746 -1,150,260 6,881,796 12,336,152 -33,468,400 -1,603,900 -126,042 -903,290 -6,177,950 101,395 30,200 488,132 -2,729,491 -24,400,173 81,510 -131,700 -83,480

1.01 56 15.5 0.72 7.02 16.42 1.26 1.29 970 4.18 6.95 10.34 13.8 939 6.42 66.2 4.52 0.485 4.52 14.48 0.69 4.72 0.039 1.4 2.92 172.5 2.69 993 0.83 1.37 255.2 0.275

HOLDING FIRMS 1.04 33,975,000 56 730,580 15.8 7,415,900 0.73 75,000 7.02 57,600 17.1 203,000 1.3 4,184,000 1.33 356,000 983 469,250 4.26 8,772,000 7 1,035,600 10.38 2,465,500 14 18,500 969 162,730 6.43 120,800 66.2 1,087,300 4.52 2,000 0.485 117,000 4.54 655,000 14.68 2,670,600 0.7 1,611,000 4.75 13,368,000 0.039 3,700,000 1.42 2,517,000 3 129,000 174.8 87,610 2.69 2,000 1,010 155,370 0.86 447,000 1.37 439,000 260 1,030 0.28 11,940,000

35,429,990 41,132,364 116,896,024 54,750 404,424 3,455,008 5,446,010 469,760 461,371,255 37,417,640 7,249,703 25,609,956 258,178 156,111,425 776,492 73,264,685 9,040 57,085 2,969,850 39,020,332 1,133,160 63,559,490 144,300 3,616,640 382,500 15,225,038 5,380 156,135,495 373,060 601,490 265,002 3,372,450

-246,250 -34,067,758.50 -74,258,310 -344,729 66,000 173,070,255 -3,960,600 -193,333 -14,755,718 -29,024 7,561,585 -768,788 -34,791,407.50 -537,410.00 -4,059,432 -38,265,150 234,080 4,077,078 -2,277,580 27,400 -40,982 1,425,000.00

15.84 0.83 10.32 2.04 1.03 51.35 2.29 5.03 6.09 0.59 0.79 0.9 0.238 0.455 10.14 23.6 0.47 1.91 1.39 6.24 0.335 0.44 1.69 0.405 2.1 27.55 2.35 3.16

PROPERTY 15.84 109,500 0.86 720,000 11.34 1,600 2.14 32,000 1.06 7,057,000 51.35 4,935,900 2.3 255,000 5.08 364,500 6.16 25,100 0.61 20,268,000 0.79 311,000 0.9 118,000 0.238 90,000 0.46 300,000 10.2 80,400 24.5 667,300 0.475 440,000 1.93 25,454,000 1.39 296,000 6.25 9,146,600 0.335 15,160,000 0.48 210,000 1.76 3,089,000 0.405 30,000 2.11 462,000 28 5,594,300 2.42 2,374,000 3.16 9,000

NAME

OPEN

HIGH

LOW

ASIA UNITED BANK PH ISLANDS BDO LEASING BDO UNIBANK BRIGHT KINDLE CHINABANK COL FINANCIAL EAST WEST BANK FERRONOUX HLDG MEDCO HLDG METROBANK NTL REINSURANCE PB BANK PHIL NATL BANK PHIL STOCK EXCH PHILTRUST PSBANK RCBC SECURITY BANK UNION BANK

58 90.05 2.21 150 1.16 26.9 18.68 12.2 4.77 0.46 75.5 1.09 13.24 50.8 190.5 115.3 59.45 28.5 186 60

58.5 91 2.28 152.5 1.17 27.05 18.78 12.36 4.78 0.46 76 1.15 13.24 50.8 190.5 115.3 59.45 28.5 186 60.05

58 90.05 2.2 147.2 1.15 26.9 18.6 12.16 4.67 0.46 74.9 1.09 13.24 50.1 185 115.3 59.15 27.9 183.2 60

ABOITIZ POWER AGRINURTURE ALLIANCE SELECT ALSONS CONS BASIC ENERGY CEMEX HLDG CENTURY FOOD CHEMPHIL CIRTEK HLDG CNTRL AZUCARERA CONCRETE A CONCRETE B CROWN ASIA DAVINCI CAPITAL DEL MONTE DNL INDUS EAGLE CEMENT EEI CORP EMPERADOR FIRST GEN FIRST PHIL HLDG GINEBRA GREENERGY HOLCIM INTEGRATED MICR IONICS JOLLIBEE MACAY HLDG MANILA WATER MAXS GROUP MEGAWIDE MERALCO MG HLDG PEPSI COLA PETROENERGY PETRON PHINMA PHINMA ENERGY PHX PETROLEUM PILIPINAS SHELL PRYCE CORP RFM CORP ROXAS AND CO SFA SEMICON SHAKEYS PIZZA SMC FOODANDBEV SPC POWER TKC METALS UNIV ROBINA VICTORIAS VITARICH VIVANT VULCAN INDL

36.8 14.02 0.78 1.31 0.28 2.76 14.54 103.1 16.12 15.62 79.5 99 2.1 5.19 6.33 10.4 14.5 11 7.5 26.8 86.85 56.1 2.21 14 9.46 1.69 239 8.87 23.5 14.36 18.5 380 0.191 1.64 4.77 5.65 9.05 2.52 11.82 38.9 5.35 5.1 1.55 1.09 14.08 102.6 6.64 1.12 173.4 2.47 1.22 16.12 1.29

37 14.02 0.78 1.31 0.285 2.84 14.88 116.5 16.78 16.86 84 99 2.1 5.19 6.33 10.44 14.68 11 7.59 26.9 87.35 59.4 2.22 14.02 9.52 1.72 256.6 8.87 23.8 14.36 18.8 381.2 0.191 1.69 4.8 5.65 9.05 2.55 11.98 39 5.47 5.1 1.55 1.09 14.08 102.6 6.7 1.15 173.9 2.51 1.25 16.12 1.31

ABACORE CAPITAL ABOITIZ EQUITY ALLIANCE GLOBAL ANGLO PHIL HLDG ANSCOR ASIABEST GROUP ATN HLDG A ATN HLDG B AYALA CORP AYALA LAND LOG COSCO CAPITAL DMCI HLDG FILINVEST DEV GT CAPITAL HOUSE OF INV JG SUMMIT KEPPEL HLDG A LODESTAR LOPEZ HLDG LT GROUP MABUHAY HLDG METRO PAC INV PACIFICA PRIME MEDIA REPUBLIC GLASS SAN MIGUEL CORP SEAFRONT RES SM INVESTMENTS SOC RESOURCES SOLID GROUP TOP FRONTIER ZEUS HLDG

1.03 57.75 15.78 0.73 7.03 16.7 1.28 1.29 970 4.23 7.04 10.48 13.8 967 6.42 69 4.52 0.52 4.56 14.58 0.71 4.79 0.039 1.53 3 172.5 2.69 995 0.88 1.38 256 0.275

1.06 57.75 15.9 0.74 7.09 17.36 1.33 1.33 990.5 4.31 7.05 10.48 14.04 969 6.43 69 4.52 0.52 4.59 14.98 0.72 4.8 0.039 1.54 3.05 174.8 2.69 1,011 0.88 1.38 260 0.285

8990 HLDG A BROWN ANCHOR LAND ARANETA PROP ARTHALAND CORP AYALA LAND BELLE CORP CEB LANDMASTERS CEBU HLDG CENTURY PROP CITY AND LAND CITYLAND DEVT CROWN EQUITIES CYBER BAY DM WENCESLAO DOUBLEDRAGON EMPIRE EAST FILINVEST LAND GLOBAL ESTATE MEGAWORLD MRC ALLIED PHIL ESTATES PHIL INFRADEV PHIL REALTY PRIMEX CORP ROBINSONS LAND ROCKWELL SHANG PROP

15.88 0.85 10.32 2.05 1.06 51.65 2.32 5.04 6.1 0.6 0.8 0.91 0.238 0.455 10.14 24.5 0.47 1.93 1.4 6.3 0.335 0.45 1.71 0.405 2.11 27.9 2.35 3.16

15.9 0.86 11.34 2.14 1.07 51.95 2.32 5.13 6.16 0.61 0.8 0.91 0.24 0.46 10.3 24.5 0.475 1.95 1.4 6.3 0.345 0.48 1.76 0.405 2.14 28.1 2.42 3.16

VOLUME

NAME

OPEN

HIGH

LOW

VOLUME

VALUE

NET FOREIGN BUYING/(SELLING), PHP

SM PRIME HLDG STA LUCIA LAND STARMALLS SUNTRUST HOME VISTA LAND

37.85 2.05 6 0.82 7.81

38.05 2.12 6.2 0.82 7.85

37.5 2.04 6 0.82 7.73

37.5 2.12 6.14 0.82 7.8

7,252,600 1,910,000 187,900 74,000 5,481,500

273,892,905 4,004,220 1,143,528 60,680 42,757,179

-140,254,390 -17,145,001

2GO GROUP ABS CBN ACESITE HOTEL APC GROUP APOLLO GLOBAL ASIAN TERMINALS BERJAYA BLOOMBERRY BOULEVARD HLDG CEBU AIR CENTRO ESCOLAR CHELSEA DFNN INC DISCOVERY WORLD EASYCALL FAR EASTERN U GLOBE TELECOM GMA NETWORK GOLDEN BRIA HARBOR STAR INTL CONTAINER IPEOPLE IPM HLDG ISLAND INFO ISM COMM LBC EXPRESS LEISURE AND RES LORENZO SHIPPNG MACROASIA MANILA BULLETIN MANILA JOCKEY METRO RETAIL METROALLIANCE A METROALLIANCE B MLA BRDCASTING NOW CORP PACIFIC ONLINE PAL HLDG PAXYS PH RESORTS GRP PHIL SEVEN CORP PHILWEB PLDT PREMIUM LEISURE PRMIERE HORIZON PUREGOLD ROBINSONS RTL SBS PHIL CORP SSI GROUP STI HLDG TRANSPACIFIC BR TRAVELLERS WATERFRONT WILCON DEPOT

10.8 18.9 1.47 0.51 0.048 17.3 2.72 11.64 0.065 96 7.14 7.39 6.4 2.06 9.54 895 2,234 5.35 411 2.11 134.3 9.7 5.6 0.113 5.2 14.14 3.65 0.9 19.76 0.51 3.47 2.59 1.46 1.46 14.12 2.4 2.93 9.3 2.91 5 156 4.16 1,148 0.73 0.79 46 78 9.28 3.23 0.75 0.35 5.45 0.8 16

10.8 19 1.52 0.53 0.05 19.9 2.72 11.66 0.067 96.05 7.14 7.57 6.4 2.06 9.98 895 2,236 5.4 420 2.15 135.9 9.7 5.7 0.114 5.54 14.68 3.79 0.91 19.82 0.52 3.55 2.69 1.5 1.46 14.12 2.56 2.95 9.3 2.91 5.34 162.5 4.16 1,160 0.75 0.81 46 78 9.28 3.24 0.75 0.365 5.52 0.81 16

10.5 18.2 1.45 0.49 0.046 17.3 2.59 11.58 0.063 94.8 7.14 7.21 5.9 2.06 9.54 895 2,204 5.33 411 2.1 132.4 9.6 5.55 0.112 5.1 14.12 3.63 0.9 19.6 0.5 3.45 2.59 1.46 1.46 14.12 2.35 2.93 9.01 2.91 5 156 4.07 1,126 0.73 0.78 45.25 77.75 9.28 3.15 0.73 0.345 5.45 0.79 15.88

SERVICES 10.6 18.5 1.52 0.52 0.049 19.9 2.61 11.6 0.066 95.5 7.14 7.55 6.39 2.06 9.61 895 2,220 5.37 420 2.12 133 9.7 5.55 0.112 5.45 14.14 3.74 0.91 19.76 0.51 3.55 2.67 1.5 1.46 14.12 2.53 2.94 9.01 2.91 5.34 160 4.1 1,135 0.73 0.79 45.6 78 9.28 3.2 0.74 0.365 5.51 0.81 15.94

17,200 173,000 23,000 692,000 29,200,000 4,300 53,000 4,500,600 44,080,000 243,810 6,100 1,373,900 14,900 11,000 14,500 20 37,345 124,800 1,130 812,000 721,990 54,400 18,000 1,710,000 5,744,400 3,100 982,000 458,000 682,600 803,000 67,000 1,717,000 27,000 10,000 1,700 4,687,000 89,000 17,000 6,000 179,700 18,340 1,819,000 75,280 727,000 9,883,000 240,100 785,870 10,000 6,873,000 3,597,000 3,130,000 631,500 3,661,000 7,926,500

183,514 3,213,036 33,710 354,040 1,414,700 79,590 139,030 52,260,666 2,872,400 23,281,274.50 43,554 10,206,043 93,730 22,660 139,649 17,900 82,974,650 667,912 473,372 1,719,400 96,431,275 527,368 101,300 192,490 30,490,527 43,884 3,587,780 413,160 13,463,230 410,570 234,780 4,542,440 39,620 14,600 24,004 11,558,940 261,610 153,737 17,460 940,317 2,941,675 7,437,890 86,051,095 532,830 7,862,420 10,924,195 61,207,099 92,800 21,882,650 2,658,970 1,120,950 3,479,080 2,926,760 126,118,822

-30,960.00 -25,043,190 97,500 11,712,506.50 281,921 -8,586,740 0 -31,378,811 282,563 -21,194 -1,510,650 4,179,136 829,700 -845,480 -111,620 -9,010 586,048 770,435 258,110 -38,983,540 52,460 -39,210 -7,693,400 2,700,686 -92,800 6,726,090 769,840 -1,613,885 111,071,048

42,500 3,015,330 1,082,040 230,856 1,696,340 41,000 178,148 4,337,010 18,250 67,540 7,300 1,790,650 23,002,820 138,200 550 652,990 189,600 8,972,600 238,300 8,236,735 2,165,660 15,117,632 42,831,035 39,400

449,250 -637,980 13,750 -5,446 -1,810,390 8,720,290 53,030 -850 -1,246,560 729,011 -25,847,955 -

MS 1,734,990 606,140 16,818 65,530 7,424,460 254,749,210 586,460 1,851,343 152,920 12,086,760 247,690 106,210 21,440 136,600 825,660 16,022,180 206,900 49,087,340 412,120 57,313,096 5,143,300 96,500 5,346,050 12,150 975,930 156,525,445 5,684,220 28,440

-158,474 -377,130 -88,718,928 -66,740 242,290 -144,948 25,110 5,441,245 -650,020 -18,738,709 71,450 -1,236,940 -106,000 81,115,345 -

ABRA MINING APEX MINING ATLAS MINING ATOK CENTURY PEAK COAL ASIA HLDG DIZON MINES FERRONICKEL GEOGRACE LEPANTO A 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

0.0017 1.2 2.7 13.06 2.76 0.28 7.62 1.48 0.227 0.107 0.0073 1.12 2.6 1.09 0.55 0.87 0.012 0.012 0.011 5.98 3.41 8.38 24.5 0.0066

0.0017 1.21 2.7 13.06 2.76 0.28 8.06 1.48 0.235 0.108 0.0073 1.15 2.61 1.09 0.55 0.87 0.012 0.013 0.011 5.98 3.44 8.74 24.5 0.0066

0.0017 1.19 2.67 12.44 2.75 0.27 7.62 1.45 0.225 0.107 0.0073 1.1 2.5 1.03 0.55 0.85 0.012 0.012 0.01 5.42 3.38 8.3 23.5 0.0065

MINING & OIL 0.0017 25,000,000 1.2 2,510,000 2.67 404,000 12.8 18,400 2.75 615,000 0.275 150,000 7.72 23,000 1.45 2,979,000 0.225 80,000 0.108 630,000 0.0073 1,000,000 1.12 1,614,000 2.55 9,053,000 1.07 132,000 0.55 1,000 0.86 759,000 0.012 15,800,000 0.012 690,300,000 0.011 21,700,000 5.49 1,483,600 3.44 635,000 8.39 1,767,400 23.8 1,789,300 0.0065 6,000,000

ABS HLDG PDR ALCO PREF B DD PREF FGEN PREF G GLO PREF P GMA HLDG PDR HOUSE PREF A LR PREF MWIDE PREF PCOR PREF 3A PCOR PREF 3B PNX PREF 3A SMC FB PREF 2 SMC PREF 2B SMC PREF 2C SMC PREF 2D SMC PREF 2G SMC PREF 2H

18.9 101 99.5 105.3 490 5.49 99.65 1.04 102 1,011 1,016 101 985 75.75 77 74.4 75 75

18.9 101 99.6 105.3 490 5.49 99.65 1.05 102.4 1,011 1,017 101 990 75.75 77 74.4 75 75

17.56 100 99.5 105.3 490 5.29 99.65 1.03 102 1,010 1,015 101 985 75.75 77 73.75 75 75

PREFERRED 17.56 56,800 101 6,190 99.5 48,630 105.3 30 490 28,000 5.46 5,100 99.65 20 1.04 9,409,000 102.4 500 1,010 1,000 1,017 5,740 101 10 990 4,170 75.75 440 77 20 73.75 716,000 75 1,070 75 11,000

1,025,750 619,680 4,840,785 3,159 13,720,000 27,859 1,993 9,787,600 51,180 1,010,600 5,832,540 1,010 4,128,200 33,330 1,540 52,814,750 80,250 825,000

179,690.00 -

LR WARRANT

1.76

1.82

1.73

WARRANTS 1.82 181,000

322,420

33,588,353 4,511,610

-209,051 -1,109,490

541,239

123,000

129,219.60

ITALPINAS XURPAS

6.37 1.05

6.75 1.05

6.22 1.02

FIRST METRO ETF

123.4

123.5

122.6

USD DMPL A1

10.28

TRADING SUMMARY

FINANCIAL

12,969,252

INDUSTRIAL

58,742,198

HOLDING FIRMS

99,733,450

PROPERTY

112,603,275

SERVICES

148,596,855

MINING & OIL

784,654,400

GRAND TOTAL

1,226,781,851

6.62 1.04

SME

5,115,500 4,362,000

EXCHANGE TRADED FUNDS 122.6 4,400 DDS 10.28

12,570

VALUE 1,848.49 (DOWN) 25.04 874,081,520.61 FINANCIAL INDUSTRIAL 11,467.74 (UP) 60.58 1,884,884,009.676 HOLDING FIRMS 7,999.12 (DOWN) 78.23 1,330,896,684.21 PROPERTY 4,347.09 (DOWN) 54.02 1,651.90 (DOWN) 17.79 904,827,963.305 SERVICES MINING & OIL 7,870.97 (DOWN) 167.16 755,869,901.14 PSEI 8,183.99 (DOWN) 88.19 114,109,031.856 All Shares Index 4,955.60 (DOWN) 38.24 5,903,313,023.80 Gainers: 91; Losers: 90; Unchanged: 58; Total: 239

Cemex posts net income of P802m on higher prices By Jenniffer B. Austria CEMEX Holdings Philippines Inc. posted a net income of P802 million in the first half of the year, a turnaround from a loss of P585 million in the same period last year. Cemex said in a disclosure to the stock exchange first-half sales rose four percent to P12.4 billion year-on-year as lower domestic volumes were offset by higher cement prices. Domestic cement volumes in the sixmonth period declined two percent due to the slowdown in construction related to the delayed approval of the national budget and restrictions on building activity surrounding the mid-term elections. Cement prices, however, rose six percent on year. Cemex remains positive on industry outlook and sees demand increasing by 8 percent to 12 percent for the rest of 2019. “During the first six months of 2019, we faced challenging operational and market circumstances. Nevertheless, we concentrated our efforts on the variables within our control, and we are proud of the progress we have achieved during the first half of 2019,” said Cemex president and chief executive Ignacio Mijares. “We believe that this moderation in construction activity is temporary as solid macroeconomic fundamentals and the government’s drive to build infrastructure will support growth in the second half of the year,” Mijares added. The company registered a profit of P634 million in the second quarter, a sharp reversal from a loss of P654 million in the same period a year ago. Second-quarter net sales also rose two percent to P6.12 billion. Cemex said while construction activities usually peak in the second quarter of the year, public sector disbursements on infrastructure and capital outlays slowed down from January to April this year due to the delay in national budget approval and the temporary ban on construction-related activities amid the conduct of mid-term elections. Disbursements picked up in May and continue to show signs of improvement as the government is catching up on its spending targets. “As private and public construction activity is expected to pick up, I look forward to the second half of the year as we continue to focus on delivering on our commitments and providing value for all our stakeholders,” said Mijares.

Belle’s profit fell by 11% to P1.73b in 1st six months BELLE Corp. of the Sy Group said Friday net income in the first half of the year declined 11 percent to P1.73 billion from P1.95 billion year-on-year on lower revenues from lottery operations. Belle said in a disclosure to the stock exchange first-half consolidated revenues fell seven percent to P4.2 billion from P4.52 billion on year. Belle continued to experience growth at City of Dreams Manila, but the overall operating performance was affected by weaker results at Pacific Online Systems Corp., which leases online betting equipment to the Philippine Charity Sweepstakes Office for lottery and keno operations. Belle’s gaming-focused subsidiary, Premium Leisure Corp., registered a nine-percent increase in its share in the gaming earnings of City of Dreams Manila to P1.88 billion in the first half of 2019 from P1.73 billion on year. POSC, meanwhile,, posted a 49-percent decrease in first half revenues to P559 million from P1.09 billion a year ago largely to competition from small town lottery. “Pacific Online is working closely with the PCSO and its network of agents to boost the attractiveness of the parimutuel games it offers, and is working to implement cost efficiency measures across its operations,” Belle said. POSC in a separate disclosure to the stock exchange said it was in the advanced stage of negotiations with PCSO for the further extension of the equipment lease agreement with PCSO, which is set to expire on July 31, 2019. “We will advise the Exchange of the final terms of the agreement with PCSO as soon as we are able to execute the same,” POSC said. Belle’s real estate operations, meanwhile, saw a four-percent increase in first half revenues to P1.75 billion from P1.69 billion on year. Jenniffer B. Austria

Manila

Standard

World

TODAY

SATURDAY, JULY 27, 2019 CESAR BARRIOQUINTO, Editor mst.daydesk@gmail.com

Manila

Standard

TODAY

Puerto Ricans celebrate following governor’s announcement to quit

PUBLIC INFORMATION SHEET FOR COMMERCIAL PROPAGATION PROPOSAL FOR THE COMMERCIAL PROPAGATION OF MON89034xTC1507xNK603 MAIZE 1.

Applicant’s Name Dow AgroSciences B.V. Philippines

Applicant’s Address

ON THE COAST. Rescued migrants sit on the coast of Khoms, some 100 kilometres from the Libyan capital Tripoli, on July 26, 8/F iSquare Building

2019. More than 100 migrants were missing after their boat sank off the coast of Libya in what might be the worst tragedy in the 15 Meralco Avenue, Ortigas Center Pasig City, 1605 Philippines Mediterranean this year, aid agencies said. About 145 migrants were rescued by the Libyan coastguard, and survivors had reported that about 150 people remained missing. AFP 3. Telephone & Facsimile No./E-Mail Address of the Applicant

SAN JUAN―Puerto Rico’s embattled governor Ricardo Rossello announced his resignation late Wednesday following two weeks of massive protests triggered by the release of a chat exchange in which he and others mocked gays, women and hurricane victims. “I announce that I will be resigning from the governor’s post effective Friday, August 2 at 5 pm,” Rossello said, in a video statement posted on the government’s Facebook page. As soon as the video ended, a joyous commotion and cries of “ole ole ole” were heard from protesters who had rallied since the afternoon at the gates of the governor’s mansion, known as La Fortaleza, in San Juan. The protests have been ongoing since July 13, when the Center for Investigative Journalism released 889 pages of text chats on the encrypted messaging app Telegram in which Rossello and 11 other male administration members criticized officials, politicians and journalists. “I trust that Puerto Rico will continue united and move forward as it always has,” Rossello said. “And I hope that this decision will serve as a call for reconciliation of citizens.”

US to resume executions after a break of 16 years

The 40-year-old said that Justice Secretary Wanda Vazquez would temporarily succeed him. Rossello said he made the announcement taking into account the complaints against him and after discussion with his family. Puerto Ricans had waited expectantly for the announcement throughout the day, after El Nuevo Dia reported early in the morning that the governor would resign Wednesday, citing anonymous sources. “Everyone feels betrayed by him,” celebrity musician Rene Perez (“Residente”) told Spanish-language news channel Telemundo at the protest, shortly before the governor’s announcement. Perez and other local celebrities, including pop star Ricky Martin and trap musician Benito Martinez (“Bad Bunny”), have been leading the protests. Puerto Rican House Speaker Johnny Mendez had already convened an extraordinary legislative session that was to begin the impeachment process against Rossello Thursday. At an afternoon press conference Mendez had said that if the governor did not resign, he would be removed. AFP

Tel.: (02) 637-1234; Fax: (02) 687-5114 Email Address: arun.mittal@corteva.com, bella-victoria.ermita@corteva.com

Names of Responsible Officer/Authorized Representative Arun Mittal/Bella Victoria Ermita

Description of the Regulated Article for Commercial Propagation

The product MON89034xTC1507xNK603 maize was developed through conventional breeding methods combining the three single maize events MON89034, TC1507 and NK603. No new genetic modification has been introduced in the stack combination.

The TC1507 maize was generated by the insertion of a cry1F gene, which was isolated from Bacillus thuringiensis (Bt) subspecies aizawai and a gene for phosphinothricin acetyltransferase (pat), which was isolated from Streptomyces viridochromogenes. The Cry1F protein, encoded by the cry1F gene, confers protection against certain lepidopteran pests including the Asian corn borer. The PAT protein, encoded byster the pat confers tolerance to the herbicidal active hisgene, law-and-order credentials ahead ingredient glufosinate ammonium. The herbicide tolerance trait in TC1507 maize next year’s election. is utilized as a selectableof marker.

ASHINGTON―The US government will resume its use of capital punishment after a 16-year hiatus and Ingenerated October 2017 Trump for The MON 89034 maize was by the insertion of two called gene cassettes has set execution dates for five convicted murderers, containing the cry1A.105 and cry2Ab2 genes, respectively, from Bacillus the execution of Sayfullo Saipov, thuringiensis. The Cry1A.105 and Cry2AB2 proteins, encoded by the cry1A.105 theprotection Islamic State-inspired cry2Ab2 genes, confer against certain lepidopteran pestsUzbek including Attorney General Bill Barr announced on Thursday. and Asian corn borer (ACB, Ostrinia furnacalis Guenee), when expressed in plants.

Acting on President Donald Trump’s call for tougher penalties on violent crimes, Barr directed the Federal Bureau of Prisons to adopt a new lethal injection protocol to clear the way to carry out death sentences. “The Justice Department upholds the rule of law―and we owe it to the victims and their families to carry forward the sentence imposed by our justice system,” Barr said in a statement. There were 25 executions in the US last year, all carried out by state authorities on people convicted on state charges. But debate about the methods of execution and controversy over the drugs used, as well as reticence from Trump’s predecessor Barack Obama, means that no federal prisoner has been put to death since 2003. Barr ordered the Bureau of Prisons to carry out executions using a single lethal injection of the barbiturate pentobarbital, replacing the previous, three-drug cocktails using thiopental. “Since 2010, 14 states have used pentobarbital in over 200 executions, and federal courts, including the Supreme Court, have repeatedly upheld the use of pentobarbital in executions as consistent with the Eighth Amendment” of the Constitution, which bars cruel and unusual punishment, the Justice Department said. There are 62 federal death row prisoners in the US, according to the Death Penalty Information Center, including Islamist Dzhokhar Tsarnaev, who was convicted of the 2013 Boston Marathon

immigrant accused of a truck attack The NK603 maize was generated by the insertionin of the cp4 epsps genein encoding on pedestrians New York Ocbombing that left three people dead. the enzyme 5-enolpyruvylshikimate-3-phosphate synthase (EPSPS) from 2017 that killed eighttolerance people. The list also includes white supremaAgrobacterium sp. straintober CP4. The CP4 EPSPS protein confers to the herbicidal active ingredient He glyphosate. repeated that call after a white nacist Dylann Roof, who murdered nine safety of MON89034, TC1507killed and NK603 single events has in been tionalist 11 inasOctober 2018 a African Americans in aThe Charleston, individually assessed and each was found to be as safe as their conventional Pittsburgh synagogue. AFP South Carolina church in 2015. counterparts. Each single event has a valid biosafety permit for direct use and for propagation. MON89034xTC1507xNK603 maize was approved for food, feed and On Barr’s order, the Federal Bureau for processing on December 9, 2010 under DA Administrative Order 8, series of 2002. of Prisons has scheduled executions for five people all convicted years agoCountry(ies) of Origin of the Regulated Article 6. If15 to be imported, or more in brutal murders Seeds that ofinvolved MON89034xTC1507xNK603 maize intended for commercial propagation will be produced locally. In the event seeds of MON89034xTC1507xNK603 children. maize will be sourced from elsewhere, it willN be imported O T Ifrom Ccountries E that have They include Daniel Lewis Lee,thiswho authorized event for commercial cultivation such as Brazil, South Africa and United States. Notice is hereby given that FIESTA robbed and killed a familytheof three inCOMMUNITIES INCORPORATED, with office 7. Brief of Potential Effects on Human and Animal Health the cluding an eight year old girlSummary in 1996, address at 43-35 Don Bonifacio Ave., and Pulung Maragul, Angeles City, is applying for registration and Alfred Bourgeois whoEnvironment tortured and with the Board of Investments (BOI) as an the inserted genes andexpanding their gene developer products have a history ofand safe low-cost use and sexually molested his All two-year-old of economic have been assessed previously for food, feed and environmental safety. housing (Fiesta Mexico daughter before killing herCry1F, in 2002. Cry1A.105, Cry2AB2, PAT project and CP4 EPSPSCommunities proteins expressed in Extension 2-A the andcharacteristics 2-B) with a capacity of MON89034xTC1507xNK603 maize doPhase not exhibit associated Federal executions were on hold 476 economic and low-cost units on a Non Pioneer with allergenic proteins. status with project site at Brgy. San Miguel, Mexico, for nearly four decadesBased untilon 2001, Pampanga. nutrient composition results from forage samples analyzed for when Oklahoma City bomber Timothy proximates, fiber and minerals, and grains samples analyzed for proximates, Any person with valid objections on theand abovefatty acids, amino acids, minerals, vitamins, secondary metabolites antiMcVeigh was executed. fiber, mentioned project mayfound file his/her in nutrients, MON89034xTC1507xNK603 maize was to be asobjection safe and as under oath, with theThis BOI within supported three (3) nutritious as its near non-transgenic counterpart. is further Two more people were put to death in isoline,writing, days from the date this publication. by the lack of interaction observed between andofamong the individual transgenes federal prisons over the subsequent two in MON89034xTC1507xNK603 maize. (SDG) ANGELITA F. ARCELLANA years, and then the federal executions Field studies have also demonstrated that the concentrations of the Officer-in-Charge Cry1F, PAT, Cry1A.105, Cry2AB2, CP4-EPSPS proteins expressed Infrastructure and Services Industries Servicein were halted again. MON89034xTC1507xNK603 maize tissues were expressed at low levels Since then all executions have tobeen comparable the expression by the single maize events MON89034, TC1507, and NK603.of Additionally, carried out by states. Twenty-five the there is no evidence of antagonistic or synergistic effects in the combined trait product. The cultivation of MON89034xTC1507xNK603 is not known to have any significant adverse impact on non-target 50 US states maintain anmaize active death organisms, including those beneficial to agriculture. penalty, while 21 do not allow it and four have suspended its use. 8. Brief Summary of Potential Benefits N O T I C E Obama, president from 2009 to 2017, MON89034xTC1507xNK603 maize was developed to have resistance to Notice is hereby given andthat FIESTA lepidopteran insect pests, particularly Asian corn borer, tolerance to called the practice “deeply troubling,” COMMUNITIES INCORPORATED, with causes office glyphosate herbicide. In the Philippines and other countries where ACB address at 43-35 Don Bonifacio Ave., Pulung significant reductions yield, MON89034xTC1507xNK603 maize offers pointing to the disproportionately high in maize Angeles City, applying for registration farmers with an economicalMaragul, and effective means to is control this destructive pest. number of African Americans sentenced Furthermore, the ability of with this stacked product to tolerate glyphosate the Board of Investments (BOI) asherbicide a new also an effective anddeveloper economical of weed control method further safeguard economic and to low-cost housing to death, and some recent offers “rather grue-farmers’project yield and increase income.(Fiesta Communities - Aguso) with a some and clumsy” executions by states. capacity of 477 economic and low-cost units on a 9. Countries Where Approvals Have Beenstatus Granted Non-Pioneer with project site Brgy. Aguso, The Justice Department has pressed to Tarlac City, TypeTarlac. of approval and Year Approved toughen punishments for violentCountry crimes Any person with valid objections on the aboveEnvironment Food and/or Feed since Trump took office, but Barr’s move mentioned project may file his/her objection in Argentina 2012 2012 writing, under oath, with the B01 within three (3) also comes as the president seeks bolAustralia /Newto Zealand 2009 (Food)

PROPOSAL FOR DIRECT USE AS FOOD AND FEED, OR FOR PROCESSING OF TC1507xDAS59122xMON810xMIR604xNK603 MAIZE 1.

Brazil Canada Colombia European Union Honduras Japan Korea Mexico Paraguay and textile products, among others―to cut Philippines off its access to hard currency in response South Africa to Pyongyang’s pursuit ofTaiwan nuclear weapons United States and ballistic missiles. Uruguay

2015 201027, 2019) (MS-JULY

2015 2010 (Food), 2010 (Feed) 2010 (Food), 2011 (Feed) 2011 Quezon City and to correct his and his mother’s Republic of the Philippines name in his Certificate of Live Birth with Registry 2014 REGIONAL TRIAL COURT 2014 No. 2000-47200, to correct the wrong and to National Capital Judicial Region 2010 make his records straight. Branch 216, Quezon City 2018 2012The Court hereby sets the Petition for hearing IN THE MATTER OF THE PETITION TO on August 12, 2019 at 8:30 in the morning (Food), 2017 (Feed) CANCEL CERTIFICATE OF LIVE BIRTH 2011 before this Court sitting at the Second Floor, Rm. with REGISTRY 2013 NO. 2006-16442 and TO 2013 237, Hall of Justice Bldg., Quezon City at which CORRECT ENTRY IN CERTIFICATE 2012 date, time and place, all interested persons are OF LIVE BIRTH with REGISTRY NO. 2000-2012

The sanctions cut the North’s exports by 47200 OF DIONISIO E. APILADO hereby cited to appear and show cause, if any, why said petition should not be granted. DIONISIO E. APILADO, a.k.a. JAMES more than 85 percent last year while the invited The public is hereby to submit BPIbeDirector APELADO SUMAYAN,their comments to Let the this Order published at (within the expense 60 days from the date of publication) onPetitioner, the Proposed Commercial of of the petitioner inPropagation a newspaper of general country’s international trade fell in value by -versusR-QZN-18-13566-SP circulation in the Philippines once a week for MON89034xTC1507xNK603 maize. three (3) consecutive weeks, to be selected by THE CITY CIVIL REGISTRAR OF QUEZON nearly half, the BOK said. raffle pursuant to PD 1079. The Office of the CITY, THE CIVIL REGISTRAR GENERAL, Clerk of Court is directed to report to the Court PHILIPPINE STATISTICS AUTHORITY, “On top of the sanctions,Director which really Bureau of Plant Industry JENNIFER ESCALANTE APELADO, the result of the raffle, with notice to petitioner DIONISIO ROSALES SUMAYAN, AND within ten (10) days from receipt hereof. San Andres, Malate, Manila affected the North’s export of textiles and ALL INTERESTED PARTIES, The Philippine Statistics Authority (PSA), the Telephone Number: 404-0409 loc. 202/203 Respondents. minerals, we also think last year’s heat wave Office of the Solicitor General (OSG), the Office x-------------------------------------------------------x E-mail: bpibiotechsecretariat@gmail.com of the Local Civil Registrar of Quezon City and ORDER played a factor in its agriculture industry,” a The petitioner, Dionisio E. Apilado, a.k.a. any person who has any opposition hereto may James Apelado Sumayan, filed a verified file the same, within fifteen (15) days from notice bank official told AFP. amended petition praying for cancellation of of the petition, or from the last date of publication his Certificate of Live of Birth with Registry No. of such notice. The country’s gross national income in 2006-16442. Furnish a copy of this Order and petition to The petitioner alleges that his biological the PSA, OSG, Office of the City Civil Registrar, 2018 was estimated at 35.9 trillion won parents are Jennifer Escalante Apelado and Quezon City and the Office of the Civil Registrar Dionisio Rosales Sumayan. He was born on General, Jennifer Escalante Apelado, Dionisio ($30.35 billion)―just two percent of that of July 10, 2000 and his birth was recorded in the Rosales Sumayan and the petitioner. Office of the Civil Registrar of Quezon City with SO ORDERED. the South. Registry No. 2000-47200. Quezon City, Metro Manila, May 15, 2019. In an attempt to correct his name, his father (Sgd.) ALFONSO C. RUIZ II Its per capita income was $1,119 last year, Presiding Judge caused the late registration of his birth with CC: the same Office of the City Civil Registrar Office of the Solicitor General while the South’s was 26 times higher, acof Quezon City. He was issued a second 134 Amorsolo St., Legaspi Village Certificate of Live Birth with Registry No. 2006- Makati City cording to the BOK. 16442. In this Certificate of Live Birth appears Public Attorney’s Office (PAO) Counsel for the Petitioner his name as James Apelado Sumayan. Since DOJ Building, J. Cecilia Muñoz Palma Hall Despite historic summits between North his birth he has been known and continuously Quezon City using the name James Apelado Sumayan. Korean leader Kim Jong Un and US PresiDionisio E. Apilado a.k.a. James Apelado Sumayan In the Entry No. 6 of his Certificate of Live No. 7 University Valley, Old Balara, Quezon City dent Donald Trump, nuclear negotiations Birth with Registry No. 2000-47200, his Philippine Statistics Authority mother’s name appears as Jennifer Escalate (formerly NSO) Solicarel Bldg. 1 & 2 Ramon Magsaysay Blvd., Sta. Mesa, Manila between the two countries remain stalled, Apilado but the correct spelling of his mother’s Office of the City Civil Registrar name is Jennifer Escalante Apelado. Quezon City Hall Compound, Quezon City with the North firing two short-range misThus, petitioner prays for cancellation of his Jennifer Escalante Apelado and Dionisio Rosales Sumayan Certificate of Live Birth with Registry No. 2006siles into the sea on Thursday. AFP 16442 issued by the Local Civil Registrar of No. 7 University Valley, Old Balara, Quezon City (MS-JULY 26, 2019)

(MStandard - Jul. 27, Aug. 3 & 10, 2019)

Telephone & Facsimile Nos./E-Mail Addresses of the Applicant Tel.: (02) 637-1234; Fax: (02) 687-5114 Email Address: arun.mittal@corteva.com; tony.alfonso@corteva.com

Name of Responsible Officer/Authorized Representative Arun Mittal/Antonio Alfonso

Description of the Regulated Article for Direct Use The product TC1507 x DAS59122 x MON810 x MIR604 x NK603 maize (OECD unique identifier: DAS-Ø15Ø7-1 x DAS-59122-7 x MON-ØØ81Ø-6 x SYNIR6Ø4-5 x MON-ØØ6Ø3-6), was developed through conventional breeding methods combining the five single maize events TC1507, DAS59122, MON810, MIR604 and NK603. No new genetic modification has been introduced in the stack combinations. Maize plants that contain this stack event are resistant to the lepideptoran insect pests of corn, such as European Corn Borer (ECB, Ostrinia nubilalis) and western corn rootworm (WCR, Diabrotica virgifera), and are tolerant to the herbicides glyphosate and glufosinate. TC1507 maize and MON810 maize expresses the Cry1F and Cry1Ab proteins, respectively. Both proteins confer protection against certain lepidopteran pests, particularly ECB. DAS59122 maize expresses Cry34Ab1 and Cry35Ab1 proteins which confer protection against certain coleopteran pests such as WCR. MIR604 maize expresses mCry3A protein and PMI enzyme, which confer protection against certain coleopteran pests such as WCR and used as a selectable marker for transformation, respectively. The PAT enzyme expressed in TC1507 and DAS59122 maize confers resistance to the herbicidal active ingredient glufosinate-ammonium and used as a selectable marker. On the other hand, NK603 maize expresses CP4 EPSPS enzyme which confers tolerance to the herbicidal active ingredient glyphosate.

If to be imported, Country (ies) of Origin of the Regulated Article TC1507 x DAS59122 x MON810 x MIR604 x NK603 maize will be imported from countries that have authorized this event for commercial cultivation such as the United States and Canada.

Brief Summary of Potential Effects on Human and Animal Health and the Environment All the inserted genes in the stack event TC1507 x DAS59122 x MON810 x MIR604 x NK603 and their gene products have history of safe use and have been assessed by various countries and local regulators for food and feed safety. The proteins expressed in this stack product maize do not present the characteristics associated with allergenic proteins. No interactions among the gene products or negative synergistic effects are expected in the stack hybrid product. Nutrient composition studies showed that the proximates, fiber, fatty acids, amino acids, minerals, vitamins, secondary metabolites and anti-nutrients of grain derived from TC1507 x DAS59122 x MON810 x MIR604 x NK603 maize were comparable to grain derived from the near isoline control maize. The compositional equivalence assessment demonstrated that the nutrient composition of its grain and forage is comparable to that of non-GM maize with a similar genetic background, indicating that this stack product is as safe and nutritious as non-GM maize for use in food and feed. TC1507 x DAS59122 x MON810 x MIR604 x NK603 maize exhibits agronomic characteristics similar to its conventional counterpart and at the same time exhibits resistance to ECB and WCR, and tolerance to glyphosate and glufosinate herbicides. It does not exhibit characteristics that increase its fitness compared to conventional maize.

Brief Summary of Potential Benefits In countries where above-ground and under the ground lepidopteran pests (such as the ECB and WCR, respectively) cause significant reductions in maize yield, TC1507xDAS59122xMON810xMIR604xNK603 maize provides farmers with an economical and effective means to control these insect pests and weeds. It is an important tool to help farmers keep pace with increasing demand for maize globally for multiple downstream uses for feed, food and fuel.

2010

2010 F. ARCELLANA (SDG) ANGELITA 2014 (Food), 2013 (Feed) Officer-in-Charge Infrastructure and 2013 Services Industries Service

Applicant’s Address 8/F iSquare Building 15 Meralco Avenue, Ortigas Center Pasig City, 1605 Philippines

days from the date of this publication. 2010 2010 2013

Applicant’s Name Pioneer Hi-Bred Philippines, Inc.

(MS-JULY 27, 2019)

N. Korean economy in its worst drop SEOUL―North Korea’s sanctions-hit economy shrank in 2018 by its largest margin since the country’s devastating famine in the 1990s, the South’s central bank said on Friday. North Korea, which holds most of the peninsula’s mineral resources, was once wealthier than its southern neighbor, but decades of mismanagement and the demise of its former benefactor the Soviet Union have left it deeply impoverished. The isolated nation saw its gross domestic product contract 4.1 percent last year, the second consecutive year of decline after a 3.5 percent slump the year before, Seoul’s Bank of Korea (BOK) said. It was the worst drop since 1997, during the peak of a nationwide famine that saw hundreds of thousands―some estimates say millions―die of starvation. The North does not publish economic statistics of its own, leaving outside estimates as the only available figures for its financial performance. The UN Security Council in 2017 banned North Korea’s main exports―coal, fisheries

PUBLIC INFORMATION SHEET FOR DIRECT USE AS FOOD AND FEED, OR FOR PROCESSING

Countries Where Approvals Have Been Granted

Country Australia / New Zealand Canada Colombia Japan Korea Mexico Philippines South Africa Taiwan United States

Environment 2011

2012

Type of Authorization Food and/or Feed 2012 2011 2016 (Food), 2017 (Feed) 2012 (Food), 2012 (Feed) 2012 (Food), 2012 (Feed) 2011 2014 2016 2012 (Food), 2017 (Feed) 2012

The public is hereby invited to submit their comments to the BPI Director (within 60 days from date of publication) on the Proposal for the Importation of TC1507xDAS59122xMON810xMIR604xNK603 maize for direct use as food and feed, or for processing. Director Bureau of Plant Industry San Andres, Malate, Manila Telephone Number 404-0409 local 203 Fax Number 404-0409 local 203 E-Mail bpibiotechsecretariat@gmail.com

(MS-JULY 27, 2019)

Sports

Riera U. Mallari, Editor; Reuel Vidal, Assistant Editor

sports@manilastandard.net

sports_mstandard@yahoo.com

SATURDAY, JULY 27, 2019

Saso arranges quarterfinals showdown versus Zhang YUKA SASO survived a Round of 32 scare from Phoebe Brinker then ripped Anne Chen in the afternoon Last 16 clash to advance to the quarterfinals of the US Girls’ Junior at SentryWorld in Stevens Points, Wisconsin Thursday (Friday Manila time). Saso fought back from one-hole down after seven holes with a birdie on the par-5 No. 9 then won three straight holes from No. 13 on birdies and matched her 33rd-ranked rival’s par on the 16th to anchor a 3&2 victory in morning play. The 18-year-old Fil-Japanese then returned in the afternoon and stamped her class over Chen early, taking two of the first five holes, birdied Nos. 9 and 10, won No. 12 on her rival’s double bogey then parred the next two to run away with a lopsided 5&4 triumph. “I’m happy that I won three matches now,” said Saso, who ruled the Girls’ Junior PGA Championship in Connecticut two weeks ago and scored a 6&4 romp over Kaylee Sakoda from California in the Round of 64 Wednesday. “Actually, I didn’t expect the result. It’s better than I expected…but it’s match play. Everything can happen. So just trying to focus and be ready,” added Saso. But she will have her hands full against an equally impressive Rose Zhang, also from California, in the quarters Friday morning with the winner bracing for another grueling stint in the semifinals in the afternoon. Zhang, who settled for the No. 40 ranking after the 36-hole stroke play which Saso dominated and needed an extra hole to upend No. 25 Sophie Guo of China in the first round of the knockout phase, routed Michaela Morard, 7&6, in the Round of 32, behind a stirring five-birdie string in the first five holes.

Red Lions roar past SSC Stags CALVIN OFTANA, Evan Nelle and Clint Doliguez provided big baskets during a crucial stretch in the fourth period, and the defending champion San Beda Red Lions went on to post a 73-59 swamping of the San Sebastian Stags. Their huge effort in the final period sent the Red Lions to their fourth straight victory in the 95th National Collegiate Athletic Association (NCAA) men’s basketball tournament at the Filoil-Flying V Sports Center in San Juan. Nelle, a sophomore who came from the San Beda Red Cubs, in a game-high score of 14 points, the same output of Donald Tankoua and James Canlas. Their contributions allowed the Red Lions to move ahead of the College of St. Benilde Blazers, who are behind at 3-0. The 5’11” Nelle’s two triples in the last 36 seconds pushed the Red Lions to a 73-57 spread. Oftana banged in only 10 points, and hit eight of it in the last canto. This included one of his two treys that found its mark with 3:40 left. Oftana’s first trey, along with that of Doliguez, came during a decisive 10-0 blast that helped the Red Lions get past a 50-all deadlock. The Stags, with Allyn Bulanadi leading with 15 points, dropped to fifth with a 2-2 win-loss slate. Meanwhile, the Lyceum Pirates got big plays from returning player Mike Nzeusseu and Ralph Tansingco as they whipped the Jose Rizal University Heavy Bombers, 95-75, to gain a share of second with the Letran Knights at 4-1. Peter Atencio

HOPE OF A NATION.

France’s Julian Alaphilippe adjusts his jersey while celebrating his overall leader’s yellow jersey. Alaphilippe is bidding to become the first French winner since Bernard Hinault in 1985. AFP

Princess Superal proudly display her title plaque after beating Chihiro Ikeda to rule the ICTSI Camp John Hay Ladies Championship at John Hay Golf Club in Baguio yesterday.

Superal returns to ICTSI Camp John Hay throne P

RINCESS Superal snapped a 16-month dry spell on the Ladies Philippine Golf Tour in imposing fashion, closing out with an eagle-spiked, bogey-free 61 to rally from four down and win by four over Chihiro Ikeda in the P1 million ICTSI Camp John Hay Ladies Championship at John Hay Golf Club in Baguio yesterday.

Four birdies at the front shoved Superal from four down to 1-up over Ikeda then the diminutive but talented shotmaker fired two more birdies at the back and gunned down an eagle on the par-5 16th to spike a blistering final round charge and reign again on the very course she won in record fashion as an amateur in 2013. “I’m very happy and it’s fulfilling to win again,” said Superal, whose closing eight-under 31-30 card gave her a 54-hole total of 197 worth P200,000. Ikeda faded in the face of Superal’s fiery charge and fell behind by as many as six before closing out with back-to-back birdies to save a second straight 69 for second at 201. Superal’s 10-under total was way off

her record 17-under 190 in beating Ikeda by eight in the LPGT inaugurals six years ago but it proved enough to net her first LPGT crown since she scored back-toback victories at Highlands and Riviera in March last year. Though she spent the last two months campaigning in Japan LPGA Step Up Tour, the former US Girls’ Junior titlist has had a couple of failed title bids (runner-up finishes) and two top five efforts early in the LPGT season. “I didn’t mind where I stood before the start of the final round and just focused on my game. I was so confident when I grabbed the lead at the turn and was so pumped up after I birdied No. 12,” said Superal, who settled for joint

seventh in severe conditions at Pradera Verde Classic last week. Ikeda, who nipped Pauline del Rosario in a playoff to snare the LPGT Midlands crown last May, matched Superal’s birdie on No. 2 to hold sway but reeled back with three bogeys in the next four holes although she trailed by just one despite a frontside 36. But as Superal pressed her bid with birdies on Nos. 12 and 13, Ikeda failed to get the breaks while attacking the pins, bogeying No. 13 to fall behind by four and going six-down after the former eagled the 16th for the second time in three days. Chanelle Avaricio, who moved within three off Ikeda with a second round 65, held her ground against the two veteran campaigners and finished third with a 205 after a 70 while taking the low amateur honors in the ninth leg of the seventh LPGT season put up by ICTSI and organized by Pilipinas Golf Tournaments Inc.

Young, Randle join US NBA World Cup squad WASHINGTON, United States of America—Chicago’s Thaddeus Young, New York’s Julius Randle and Denver’s Mason Plumlee were among six players added Thursday to the United States team of NBA stars for the Basketball World Cup. The additions announced by US national team managing director Jerry Colangelo also included Boston’s Marcus Smart and Jaylen Brown and Montrezl Harrell of the Los Angeles Clippers. The newcomers replace nine players who have withdrawn from consideration for the team coached by Gregg Popovich that will travel to China in quest of a third consecutive crown for the Americans in the global showdown. This leaves Boston’s Kemba Walker as the lone 2019 NBA All Star in the US team of NBA players. The absentees include NBA scoring leader James Harden of Houston, Anthony Davis of the Los Angeles Lakers, Cleveland’s Kevin Love, Denver’s Paul Millsap, Portland’s Damian Lillard and C.J. McCollum, Philadelphia’s Tobias Harris, Houston’s Eric Gordon and Washington’s Bradley Beal. “Since USA Basketball started the men’s national team program in 2006, we have understood the necessity of fluidity within the program and the importance of having a deep national team roster that features both young and veteran standout NBA players,” Colangelo said. “The six players we added today are all outstanding players in their own right and along with the other players who will attend the World Cup team training camp will offer coach Popovich and his staff some remarkable athleticism and versatility.” Others set for the US training camp on August 5-9 at Las Vegas are Boston’s Jayson Tatum, Milwaukee’s Khris Middleton and Brook Lopez, Houston’s P.J. Tucker, Utah’s Donovan Mitchell, Indiana’s Myles Turner, Detroit’s Andre Drummond, Sacramento’s Harrison Barnes, Kyle Kuzma of the Los Angeles Lakers and Kyle Lowry of the NBA champion Toronto Raptors. USA Basketball also announced a select squad including

Kemba Walker acknowledges questions after being introduced as member of Boston Celtics in this file photo. Walker is the lone 2019 NBA All Star in the US team of NBA players. AFP

NBA All-Rookie First Teamers Trae Young of Atlanta and Marvin Bagley of Sacramento that will serve as practice opponents and extra players for a USA Blue versus USA White exhibition game to conclude the camp. The US team, 88-1 overall since establishing a national team program after a disappointing bronze-medal performance in the 2004 Athens Olympics, will face Spain at Anaheim on August 16, a day before the final 12-player World Cup roster is named. AFP

Second boxer in 2 days dies from head injuries BUENOS AIRES, Argentina— Argentine boxer Hugo Santillan died on Thursday (Friday Manila time) from injuries suffered in a fight on Saturday, the second such death in just two days after that of Russian Maxim Dadashev in the United States. Santillan, who was 23, collapsed while the result was announced of his 10-round draw with Uruguayan Eduardo Abreu in San Nicolas, just north of the Argentine capital Buenos Aires. He was taken to hospital where he underwent an operation to relieve pressure due to swelling on the brain caused by a head trauma, hospital sources said. He died of a heart attack. Dadashev died on Tuesday from brain injuries suffered in his fight with Puerto Rican Subriel Matias on Friday night in Maryland. He was 28. Nothing appeared wrong with Santillan as he fought to a draw with Abreu but while waiting to hear the result announced, he collapsed and lost consciousness. He was fighting for the World Boxing Council (WBC) Latino Silver lightweight title, held by Abreu. “We join Hugo’s family and friends in grief,” said the WBC on Twitter. Santillan’s previous fight, a 10-round points defeat to Artem Harutyunyan in Germany, was only five weeks earlier. Santillan had a record of 19 victories, eight by knock-out, six defeats, two by stoppage, and two draws. A professional since 2015, he won the South American super featherweight title in September 2016 but lost it four months later in his first defense. Meanwhile, unbeaten Gervonta Davis, hoping to bring something positive to his murder-plagued hometown Baltimore, defends his World Boxing Association super featherweight crown against Panama’s Ricardo Nunez on Saturday at Baltimore, Maryland. It’s the second time Davis, 21-0 with 20 knockouts, will defend the crown he won by stopping Argentina’s Jesus Cuellar in the third round in April 2018. Davis also knocked out Mexico’s Hugo Ruiz in the first round last February. AFP

Guiao keeps slot open for Lassiter MARCIO LASSITER, who hurt his knee in the second quarter of San Miguel’s do-or-die quarterfinal clash against NorthPort on Wednesday may be out for six weeks, but Gilas Pilipinas head coach Yeng Guiao is not giving up on him. The 6’2” Lassiter got hurt following knee-to-knee collision in midair with Garvo Lanete, and the injury he sustained could put him out of of Gilas’ campaign in the FIBA 2019 World Cup when it goes on from August 31 to September 15 in China. “So, we’re hoping for a miracle for him to get back in 3 to 4 weeks, and for him to be with us,” said Guiao during the presentation of the golden trophy in FIBA Basketball World Cup Trophy Tour yesterday the Meralco head office in Ortigas. The absence of Lassiter will have Guiao leaning on Roger Pogoy and Matthew Wright in the national squad’s roster for outside shooters. Guiao said there are 19 players in the pool, and they have not decided to look for replacements for Lassiter. “We still have not decided to add anybody. We still have not given up on Marcio,” stated Guiao. Gilas is set to leave for Spain to join a pocket tournament in two weeks. So far, FIBA is holding a tour, presented by Aeroflot, to brings the newly designed golden trophy to fans globally in 24 countries across five continents. The Naismith Trophy Tour started in June and made its way to Europe, the US, and Asia. Peter Atencio

Puerto Princesa to host 2019 Batang Pinoy National Finals By Peter Atencio PUERTO PRINCESA will host a major sporting event for the first time in 11 years with the holding of the Batang Pinoy National Finals. The city is ready with the local government unit of Puerto Princesa taking the time to improve on the facilities that were built when the 2008 Palarong Pambansa was held there. “Since I took over in 2013, what I envisioned was to improve on the playing venues, and not necessarily for hosting, but for the use of the people of Puerto Princesa,” said Mayor Lucio Bayron

after he and Philippine Sports Commission Officer-in-Charge and Commissioner Celia Kiram formally signed a Memorandum of Agreement for the hosting of the Batang Pinoy National Finals yesterday at the Rizal Memorial Sports Complex. The residents have been able to use the basketball and volleyball courts, and use the track oval for walking, jogging and zumba routines. “Dumami na po ang gumamit ng mga playing venues nang na-improve namin ang quality,” added Bayron, who felt that with Puerto Princesa as tourist destination, people will come after they made

an effort to make renovations on existing facilities. More than 6,000 athletes and around 4,000 officials are expected to arrive when the national finals are held from August 25 to 31. Working staff and spectators are expected to witness competitions in the 31 sports. Among the sports are archery, arnis, athletics, badminton, baseball, basketball, boxing, chess, dancesport, futsal, karatedo, lawn tennis, pencak silat, sepak takraw and softball. Events in swimming, table tennis, taekwondo, indoor and beach volleyball, are all included in the calendar.

Life

Bernadette Lunas, Issue Editor manilastandardlife@gmail.com @manilastandardlife @MStandardLIFE

YOUNG LIFE

SATURDAY, JULY 27, 2019

ARTWORK.

Images shot by fine art portrait photographer Jan Gonzales using the new GFX 100 large format camera.

Photographers’ new favorite large format camera C

OMMERCIAL and fine art portrait photographer Jan Gonzales adheres to a self-imposed challenge that is to keep refining his concepts, methods, and resulting images. Hence he welcomes new tools and techniques that would help improve his craft—something he has learned on his own. The self-taught professional photographer recently shot fine art portraiture using Fujifilm’s newest 102-megapixel large format camera, the GFX 100. And his images showcased the new camera’s stunning functions and features. The new flagship model of the brand’s GFX Series features in-body image stabilization (IBIS) mechanism; the first mirrorless digital camera equipped with IBIS. This feature revolutionizes the large CMOS sensor camera system, resulting in advanced performance and greater flexibility in various shooting conditions. The autofocus speed is also impressive. Another notable feature is the model’s processing power. The GFX100 uses the XProcessor 4, Fujifilm’s latest image processing engine. The model can shoot uncropped 4k, and can switch aspect ratio. Despite the large amount of data involved, the GFX100 processor can handle this at speed. Photographers can also apply the Film Simulation modes for Fujifilm’s characteristic color and tone reproduction. “The GFX100 has reinvented the standard of a large format camera,” enthused Gonzales. “The image quality and detail is just exceptional. Its 16-bit RAW capability, fine color, and tonal gradation is very apparent, making me work faster than ever before. Working with low light at lower shutter speeds still gives me tack-sharp images through its IBIS mechanism. With its super-fast auto focus speed, it makes camera handling very convenient,” he shared. The Fujifilm X ambassador is also impressed with the 4k/30p video recording capability—

thanks to its high performance processor—of the new model. T h e GFX100 produces premi-

umqualThe GFX 100 is the first i t y mirrorless digital camera video equipped with in-body footage, with image stabilization more detailed that promotes greater textures and flexibility in various t h r e e - d i me n shooting conditions. sional definitions, while portraying a scene’s atmosphere. According to the brand, w h e n the DCI (Digital Camera Initiative) is selected, the camera records video with a sensor area measuring about 49.5 mm diagonally. This size—bigger than that of large sensors adopted by high-end cinema cameras—results in outstanding high ISO performance, shallow depth-of-field capability, and wide tonal reproducibility.

In addition, for the first time ever in the GFX Series, the camera’s Film Simulation options allow users to use various color and tonal reproductions, for simulating the colors and tones of the brand’s cinema film. This enables a faithful reflection of videographers’ artistic intentions as applied to video production. Aside from Gonzales, US-based seasoned corporate and editorial photographer Zack Arias was impressed with the new large format camera. He flew in to the country for the launch on July 13. He also conducted a workshop on July 14. According to Fujifilm chairman and chief executive Shigetaka Komori, with the GFX100 that has a large format sensor, “we achieved the ultimate image quality, with three-dimensional look and feel. In addition, GFX is a very practical camera in active shooting situations. We will never stop our commitment to innovation. The GFX is a good example of that.” Meanwhile, Toshihisa Iida, general manager of optical device and electronic imaging products division, said the GFX100 reaffirms their mission to develop a camera that pursues the essence of photography “If preserving our precious moments is the essence of photography, what equipment should capture such moments? We need a camera that can capture the deep, best image quality: GFX100 is that camera,” said Iida. The new model boasts a compact, lightweight, and highly robust camera body, as well accommodates two batteries and supports USB charging for enhanced user convenience. The GFX100 is available at P599,990 (body only). Go to fujifilmph.com for more information.

Some of the cute finds in the upcoming Toy Fair EVERY toy-loving kid and kid-atheart’s favorite fair is happening on August 1-4 at the SMX Convention Center at the SM Mall of Asia in Pasay City. Toy Kingdom’s Toy Fair will bring Fingerlings’ adora b l e

items and various play sets from My Little Pony, Littlest Petshop, Shimmer and Shine, Disney Princess, Lion King and Buzz Lightyear mini figures, Cars 3 capsules as well as some exciting Star Wars items, among other cool and fun toys at discounted prices. Coinciding with the fair, Toy Kingdom branches nationwide will have a month-long sale from August 1 to 31.

Toy Kingdom’s Toy Fair offers Cars 3 capsules, Star Wars Chewbacca Electronic Mask, My Little Pony playsets, and Lion King action figures, among other toys on discount.

Jan Gonzales

Zack Arias

Life

SATURDAY, JULY 27, 2019 manilastandardlife@gmail.com

DreamPlay’s King Julien Dance Off Year 4 champion Electro Groovers wows the panel of judges composed of COD Manila executives and choreographer Gringo Baring. The group wins P120,000 cash prize and a special DreamPlay trophy.

Get your groove on:

QC dance group wins King Julien Dance Competition 4 T

HE 11-member Electro Groovers dance group bested seven other contenders in this year’s King Julien Dance Competition.

Electro Groovers, who hails from Quezon City, took home P120,000 cash prize and a specialized DreamPlay championship trophy for their fiveminute dance number which earned the fervent applause of the judges and audience. “We congratulate Electro Groovers for their much-deserved win; and who, apart from showing their immense talent, also performed with great joy on the Dance Off stage,” enthused Michael Ziemer, City of Dreams Manila’s vice president for

hotels, food and beverage. Also capturing the hearts of the audience were Cool Kidz Crew from Taytay, Rizal and Rock Kids from Quezon City, who placed first and second runners-up, respectively. Apart from the DreamPlay plaques, Cool Kidz Junior Crew took home P30,000 cash, while Rock Kids received P20,000 cash. “Witnessing them and other promising young performers gives us immeasurable fulfillment and drives us to continue staging the King Julien Dance

King Julien Dance Off Year 4 1st runner-up Cool Kidz Crew

King Julien Dance Off Year 4 2nd runner-up Rock Kids

DreamWorks characters perform at the King Julien Dance Off Year 4 grand finals.

The dance competition is open to talented groups composed of children aged 7 to 14 years old.

Off competition to provide an enjoyable platform to discover new talents and hone their abilities,” added Ziemer. DreamPlay’s King Julien Dance Off first opened its doors in 2016 to talented dance groups from around the country, composed of children aged 7 to 14 years old. Since then, the Dance Off stage has also become a springboard for talented children to fulfill their dreams of performing in local and international stages.

Past grand winners include Junior FMD Extreme (2016 Grand Champion), an all-boys group of former street children; Higher Level Kids (2017 Grand Champion), an all-boys group from Cavite; and GFAM (2018 Grand Champion), who went on to win in other dance competitions such as World Supremacy Battle Ground (Young Guns Division) in 2018, and a back-to-back championship title in the Inter School Dance Sports Competition (National Capital Region 2017 to 2018).

BULLETIN BOARD

ADMU students’ solar-rain panel wins innovation contest

The pop-up Diwa Innovation Lab is composed of five interactive laboratories that promote critical thinking, creativity, and collaboration.

Pop-up lab brings technology to schools nationwide

SCIENCE and technology became more accessible to grade school and junior high school students nationwide through Diwa Learning Systems, Inc.’s Diwa Innovation Lab. The Diwa Innovation Lab debuted in 2017. Diwa vice president for corporate and marketing communications Armel Espiritu said it “aims to develop interest in science, mathematics, and engineering by giving science clubs access to new technologies.” It was composed of five interactive laboratories that promoted critical thinking, creativity, and collaboration. The Drone Lab showed students how unmanned aerial vehicles (UAV) work, and taught them about their applications in various fields of study; the Virtual Reality (VR) Lab, meanwhile, brought them to different places in the Philippines and even under the sea using cell phones and VR goggles;

and the Robotics Lab enticed students to create a small robocar and program it to do specific actions. In the Meteorology Lab, participants were taught how to use weather forecasting tools, while the BatoBalani Science Investigatory Lab featured experiments and encouraged students to jumpstart their own science investigatory projects. “Diwa Innovation Lab reminded me that whatever technology that comes out, we should learn to use it responsibly. In the classroom, it’s more about learning concepts. Diwa Innovation Lab gave us a hands-on experience, and because of that I am grateful,” shared one high school student who participated in National Youth Science, Technology, and Environment Ssummer Camp. More than 6,000 students from over 200 schools all over the Philippines were able to experience Diwa Innovation Lab during its initial two-year run.

GABBY OZAETA and Yumi Briones of Team Chinquapin from Ateneo de Manila University won the country finals of Go Green in the City 2019 with their renewable energy device project proposal. Go Green in the City is an annual global business case challenge hosted by Schneider Electric to empower students to unleash their skills and creativity in coming up with the next big innovation to promote smart cities and green energy management. This year’s categories: “Buildings of the Future,” “Plants of the Future,” “Grids of the Future,” and “Sustainability and Access to Energy” were developed as a means to reflect Schneider Electric’s commitment to the United Nation’s Sustainable Development Goals. Team Chinquapin’s project, Rainshine panel is a renewable energy device that generates clean energy, both from the sun and the rain. It is composed of two parts: polycrystalline silicon solar cells and a reduced graphene oxide thin film on a polylactic acid plastic substrate. As the solar cell generates electricity from sunlight, the graphene layer generates energy from raindrops by utilizing the Hydrovoltaic effect. According to the winning team, the Rainshine panels are made of low-cost but highly efficient materials, making its price competitive compared with regular solar panels in the market. Team Chinquapin’s proposal bested over 1,300 proposals submitted this year. The duo bagged P100,000 cash prize in addition to the mentorship they will receive from Schneider Electric Philippines’ team of experts to prepare for the Asia Pacific Regional Finals in August 2019 where they will

Team Chinquapin’s Rainshine panel wins Go Green in the City 2019’s Philippine country finals.

be representing the Philippines. They will be competing against the respective country winners of Australia, Cambodia, Indonesia, Japan, Malaysia, Myanmar, New Zealand, Singapore, South Korea, Taiwan, Thailand, and Vietnam. “Go Green in the City is the perfect avenue for students to unleash their creativity and really let their imaginations run wild. Given the past performances of the Philippine teams, there is no doubt that our students have what it takes to conquer the global stage,” said Schneider Electric Philippines country president Alexandre Vermot. This year’s Philippine country finals’ panel of judges was composed of Schneider Electric Philippines director for industrial automation business Ruth Ramayla, Schneider Electric Philippines energy and business development director Homer Ilagan, PhilCarbon president and chief executive Ruth Yu-Owen, and Vena Energy operations and maintenance manager Bren Lalican.

UST Singers named Choir of the World Champion of Champions THROUGH an online voting, the University of Santo Tomas Singers bagged the title “Choir of the World Champion of Champions.” The competition, presented by the Llangollen International Musical Eisteddfod through its on-demand streaming service Llangollen.TV, featured performances of contestants in over 20 competitions in the festival. The music fest takes place annually during the second week of July in Llangollen, North Wales. For the online voting poll for the “Choir of the World Champion of Champions,” the public chose the best choir from all the past 32 grand prize winners since the music festival’s inception in 1987. Some of the countries represented in this competition were the United States, Germany, South Africa, Australia, Hungary, and Bulgaria. The voting period started from the UST Singers is this year’s ‘Choir of the World Champion of Champions.’ first week of June until the second week of July, leading to highly coveted title twice in 1995 and 2010 making them the culmination of the festival. The UST Singers, under the direction of its founder and the only choir in the competition’s history to achieve this conductor, Professor Fidel Gener Calalang Jr., won the astounding feat.

Entertainment

SATURDAY, JULY 27, 2019

nickie.standard@gmail.com

Couch Potato... From C4

Last year, senior high school teams from the Technological Institute of the PhilippinesQuezon City, Philippine Science High School-Eastern Visayas, and New Era University won the Youth Innovation Prize for their viability and potential to address important societal and community issues while College of St. John-Roxas clinched the special Internet of Things award from Acer. Deadline for submission of proposals is on August 10. For more details, visit https://www.facebook. com/imake.wemake or email imake.wemake@gmail. com. Click on http://bit. ly/3rdimake_mechanics for the full mechanics and download the entry form at http://bit. ly/3rdimake_entryform. I like projects similar to this that encourage students to think critically and become more analytic in their study of processes. This will redoubtably guarantee the intellectual integrity of future professionals that can be of service to the advancement of this country. *** Marjorie not happy about Julia-Gerard rumors If I were Marjorie Barretto I’d probably be as mad as hell with netizens maliciously implying something more than friendship is going on between her daughter Julia and actor Gerald Anderson, her co-star in the movie Between Maybes. The rumors have even gotten worse with Bea Alonzo posting cryptic messages implying her relationship with the actor may now be over. Meanwhile, we don’t hear or read anything from Gerald or from his drumbeaters. I remember what Gerald told me when I asked him about the possibility of falling for Julia (this was during the press con for the film when about that time gossip about the two had started circulating among netizens, and then Joshua Garcia and Julia announced they had gone back to where they started, meaning they had returned their status to just friends). He said, “Yes, she’s attractive, but she’s way too young for me. No, I treat her like a younger sister.” And Julia similarly expressed that kind of feeling for Gerald. “She’s my ‘tito’ and no, I can’t see myself falling for him.” Yet, rumors persist. But someone in the know whispered to me something that belies that rumor between Gerald and Julia. No, I can’t print it because I promised my source I wouldn’t. But as in all things that pass, truth will out and it will set both Julia and Gerald free. Meanwhile, Marjorie is trying her best to swat off the air the negative vibes these rumors are enveloping her family and Julia’s career. Julia is shooting for Mikhail Red’s Block Z with former beau Joshua.

'GMA Regional Weekend News' delivers topnotch news stories and inspiring features

Bringing local news that matters to more Filipinos

EGINNING today, the regional arm of GMA Network—GMA Regional TV—marks another milestone in broadcast history as it makes its local newscasts available to more viewers nationwide through GMA Regional TV Weekend News airing on leading news channel GMA News TV every Saturday at 5:00 p.m.. From Luzon, Visayas, and Mindanao, expect GMA Regional TV Weekend News to deliver topnotch news stories and inspiring features by no less than the roster of news personalities from award-winning and top-rating local newscasts Balitang Amianan, Balitang Bisdak, One Western Visayas, and One Mindanao. Every week, they will take turns in bringing the latest news from all over the Philippines straight from their home studio. For its pilot airing today, Cecille Qui-

Discovering a paradise island CULION is not just an island, it’s also the title of the film that tackles the history and stories of its people. Helmed by Alvin Yapan with screenplay by Ricky Lee, it is set for submission in this year’s Metro Manila Film Festival (MMFF) Last week, we visited the location of the film and in five days that we stayed on the island, we learned a few interesting things that we believe worth sharing with our readers and those who would be interested in this drama. Culion definitely lives up to the word paradise as the whole island is so green -- trees are tall and aged to perfection. Flowering plants are abloom. The freshest produce from the sea: fish delicacies are juicy and succulent, and every bit and morsel of it, a divine experience. Your lungs

CROSSWORD PUZZLE Saturday, July 27, 2019

ACROSS 1 Test 5 Nibbles 10 Marshal Dillon 14 — Miles of “Psycho” 15 Asian capital 16 Frankenstein’s gofer 17 Signs a contract 18 Fool 19 Hindu teacher 20 Mascara target 22 Award a medal 24 Corp. biggie 26 Senhora 27 Fretfully 30 Evolve 34 Christina’s pop 35 Keeps an eye on 38 Crystal gazers 39 Terhune collie 40 Lasso 42 Gathered dust 43 Dozed 46 Butter maker 48 Sonnet kin 49 Makes a try 51 Ivy, e.g. 53 Give a crew cut 55 — -Aid (drink mix) 56 Guessed 60 Nibbled away 64 Tien Shan range 65 Good smell 67 Specify 68 Course of ac-

tion 69 Magnate 70 Thinnest coin 71 Orange-flavored drink 72 On the lookout 73 Door sound

bod-Castro, Alan Domingo, and Lou Anne Mae Rondina of RTV flagship local newscast in Central and Eastern Visayas Balitang Bisdak take the helm as news anchors of GMA Regional TV Weekend News. CJ Torida, Jasmin GabrielGalban, and Joanne Ponsoy of leading North Central Luzon newscast Balitang Amianan follow thru the next Saturday. Meanwhile, Atty. Sedfrey Cabaluna, Adrian Prietos, and Kaitlene

Rivilla of pioneering Hiligaynon newscast One Western Visayas take the lead next to bring weekend updates to Kapuso viewers nationwide. Tek Ocampo, Sarah HilomenVelasco, and Real Sorroche of One Mindanao complete the formidable pool of anchors of GMA Regional TV Weekend News. Joining them are the various local news teams and news stringers in the regions, including GMA RTV’s news team based in Bicol which caters to Southern Luzon viewers. GMA Regional TV Weekend becomes the only English newscast of the Kapuso Network to date. It will feature comprehensive and in-depth delivery of news and information in the regions that only GMA Network—widely regarded as the most respected and internationally-awarded Philippine broadcast network—can deliver. “Staying true to our battle cry:

36 Dit partner 37 Adhered 41 Conceited 44 Shipping “peanuts” 45 Beginner 47 Gas for a sign 50 Beethoven’s DOWN “Moonlight —” 1 Like Mr. Hyde 52 Veld grazers 54 Jeopardy 2 Lucy Lawless role 56 Engrossed 3 Scroll cabinets 57 Ms. Raines of 4 Reduces to pulp old movies 5 Swindler or 58 “Slither” actor cheater 59 Be overly fond 6 Suffered from 7 Sir Geraint’s wife, in Arthurian legend 8 Put the moves on 9 Funny TV show 10 Head south 11 Water, to Pedro 12 Unlawful act 13 Quiz answer 21 Toll-booth site 23 Obligation 25 Negative sort 27 Incorrect 28 Part of Asia’s border 29 Factions 31 Famed fabulist 32 Line of work 33 Chemical compound

61 Prolonged cry of anguish 62 Jane Austen heroine 63 View as 66 Spoil

'Culion' lead stars Iza Calzado, Jasmine Curtis-Smith, and Meryll Soriano in a scene from the movie.

“local news matters”, GMA Regional TV makes it possible for more viewers to know what is happening around the regions via GMA Regional TV Weekend News,” says GMA Regional TV Vice President and Head Oliver Amoroso. “This latest endeavor is another proof that in this modern age of news and information, viewers want to know more about what is happening in key cities and provinces all over the Philippines and what better way to do this than to give them relevant regional news on national TV,” he concludes. All the freshest news, events, and updates about GMA Regional TV are now available on www.regionaltv.com. Follow GMA on Facebook at www. facebook.com/gmanetwork and GMA Regional TV at www.facebook.com/ GMARegionalTV and on Twitter and Instagram via @GMARegionalTV.

instantly become healthier because of the clean air If you want to discover the rich history of the island, a visit to the Culion Museum and Archives is a must. The museum is a repository of the tribulations and triumphs of this once isolated community. Vintage photos vividly capture the sorrow, sacrifices, grit, and tenacity of these warriors and survivors, who were proud of their heritage. It has been 13 years since the island was declared as Hansen’s disease free. Speaking of heritage, near the hospital, one will be awed by the Leonard Wood park. In the center of the park is a fountain and a monument in honor of the general. Adjacent to it, a grand staircase that reminds you of the flight of steps in old Roman basilicas. It is perfect for photo opportunities and super model moments. On top of the staircase, there is a theatre to your right and the monument of national hero Jose Rizal. Standing on top of the hill, is the Immaculate Conception Church. The edifice is akin to the Intramuros in terms of architecture and design – high ceiling, sprawling floor area and a picture-perfect altar. Another must-do, the trip to Isla de Paz, a one-hour boat ride sails you to the island with creamy sand and clear seawater. While on a sail, you get to notice that the many islets are all covered with trees and yes, mangroves are all over. This is the first time I witnessed a massive stretch of mangroves! Impressed with the people who habituate Culion for protecting them. My Arias will not be complete if I don’t mention the sisterhood that Iza Calzado, Meryll Soriano, and Jasmine Curtis-Smith share. Aside of giving life to their characters Anna, Ditas and Doris, the three freely and gamely talk about how they connected, their love for the craft and their mission for the film which is to present to the audiences that is a motion picture about acceptance, hope, resilience and the power of love. The three ladies burst into hearty guffaws, get misty-eyed from time to time as they share their special memories about the women whose lives they portray in the Alvin Yapan opus. More intimate stories about Calzado, Soriano, and Smith in my future Arias. What I will never forget in Culion, are the people we’ve met even for a short while. They were embracing, kind, with the sincerest of smiles and that look that makes you feel, you are not from home.

Nickie Wang, Issue Editor nickie.standard@gmail.com

Entertainment

SATURDAY, JULY 27, 2019

COUCH POTATO IVY ROSSINI

Project for urging critical and analytical thinking I GOT this from my mailbox sent by someone apparently working for the government agency sponsoring this interesting project. The search is on for science and technology projects that will benefit Filipino communities in the 3rd imake. wemake: create.innovate.collaborate competition for senior high school students. This year, the Department of Science and Technology-Science Education Institute partners with C&E Publishing, Inc., publisher and distributor of educational materials, to mount the contest that seeks to unleash the creativity of students in innovation using accessible technologies. In the signing of the Memorandum of Agreement between the two parties held in July 17 at the World Trade Center during the National Science and Technology Week, DOST-SEI Director Dr. Josette Biyo thanked C&E for its support in promoting innovation among the youth. Dr. Biyo shared that the project aims to improve the students’ engineering and technical proficiencies, as well as develop their communication, critical and analytical thinking skills. The competition comes in three stages: (1) Call for Proposals and Selection; (2) Technical Training/Workshop and Project Pitching; and (3) Final Project Presentation and Judging. Students will get the opportunity to pitch, build, and present their S&T projects that cater to important societal and community issues using the Arduino CTC 101 kit. To join, a team composed of three Grade 11 and/or Grade 12 students and one teacher per school may submit a project proposal addressing any of the following areas: food safety, security, traffic/road congestion, health, education, disaster mitigation, entrepreneurship, agriculture, and environment. A two to three-minute video supporting the concept should accompany the proposal. School teams that will make it past the selection process will be invited to attend a five-day technical training/workshop on basic electronics, programming, troubleshooting, and presentation skills. Each team will also get free kit-of-parts. Teams will be given a period of three months prior to the final project presentation and judging. The projects will be evaluated by the board of judges based on relevance and potential impact to the community of interest, novelty, viability, and community engagement. The Youth Innovation Prize and 100,000 pesos each as cash prize will be given to three school teams. Continued on C3

MYXing with VJ Edward Barber VERY WANG

NICKIE WANG

USIC channel MYX has just welcomed Hiwaga ng Kambat star Edward Barber as its newest VJ. The teen star is all set to employ his hosting skills and exude his charm even more while introducing videos and hosting special segments on the channel. According to Edward, he’s been eyeing the MYX VJ job for quite some time. He said, “I wanted to join MYX after I guested as a MYX Celebrity VJ a couple of years ago. I just didn’t have the chance or the guts to do it until now.” “I’ve always been a shy person, and until now I still am. Hosting is so far out of my comfort zone but I realized it’s something I want to work for,” added the Fil-German heartthrob who’s been a fan of rap and hip hop since he was a kid. With his newfound conﬁdence, thanks to his experience working in front of the camera and numerous assignments that require him to face the public, Edward wanted to share the other facets of his personTeen star Edward Barber, who is also known as the other half of the phenomenal MayWard love team, is now an official MYX VJ.

Key people join Dr. Josette Biyo (seated right) during the signing of the Memorandum of Agreement

SMART Signature, together with Netflix brought Stranger Things 3 to life with something ‘unearthly’ to turn traffic goers’ lives upside down with an epic entertainment along EDSA. To celebrate the newest season of Stranger Things on Netflix, Smart Signature showcased a pyromusical billboard on July 4, in parallel to the fourth of July celebration in the hit series. Fans and passersby recorded and shared the fireworks display that heralded the pyromusical billboard. This is Smart Signature’s way to break the usual by bringing a reimagined traffic experience. Travel back to the summer of 1985 in Hawkins, Indiana to find out what happened to Eleven, Will, Dustin, and the gang as they take on a new monster

festering in the town’s deepest corners. Start streaming Stranger Things’ third season on Netflix with the country’s fastest mobile network Smart Signature plans. Enjoy streaming all your favorite Netflix originals with an easy way to pay. To link your Netflix subscription with any Smart Postpaid Plan, visit smart. com.ph, like Smart Communications on Facebook, and follow @LiveSmart and @ReimaginePH on Instagram and Twitter. With Smart Signature, not only are you prioritized on Smart LTE, the country’s fastest mobile network that’s also highly renowned by network analysts around the world such as Ookla, OpenSignal, Tutela, and P3—you also get to enjoy worry-free streaming and surfing with a bigger data allocation, and you stay

GMA News pillars Jessica Soho and Mike Enriquez (top)

GMA News exponents Soho, Enriquez honored at Animo Media Awards Edward joins the MYX Crew composed of Ylona Garcia, MYX VJ Search 2019 winners Anton Fausto, Aya Fernandez, and Dani Mortel, and resident VJs Robi Domingo, Ai dela Cruz, and Samm Alvero

ality most people don’t normally see. “I don’t want to be an energetic VJ though. I have a different energy level. I’m more of a chill VJ. So, I just want to show the kind of person that I am. I made a mistake in the past by trying to be like everybody else. This time, they’re going to see the real me. And for the kind of VJ that I am going to be, I think I’ll ﬁgure that out in the coming months,” he shared. Edward is joined by Ylona Garcia as one of the newest VJs along with MYX VJ Search 2019 winners Anton Fausto, Aya Fernandez, and Dani Mortel. The channel also introduced its latest online playlist hub, All Music MYX, a new YouTube channel purely devoted to MYXclusive musical performances from Pinoy and international acts. All Music MYX includes fresh and throwback vids from the channel’s extensive archive, making it a leading music source in the country today. Debuting on All Music MYX is the all-new MYX Live!. Franco, Shanti Dope, IV Of Spades, and Kyline Alcantara are among the featured performers on MYX Live! this season. Subscribe to All Music MYX on YouTube and check out the new MYX crew! Watch MYX on ABS-CBN TVplus channel 12, SKYcable channel 23, and SKYdirect channel 37.

In celebration of Stranger Things’ return on Netflix, Smart Signature surprises EDSA traffic goers with an epic stunt - the first ever pyromusical billboard.

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BROADCAST journalists and GMA News pillars Jessica Soho and Mike Enriquez were once again lauded as “Best TV Female News Anchor” and “Best TV Male News Anchor”, respectively, at the second Animo Media Choice Awards held July 20 at the Ugnayang La Salle, La Salle Dasmarinas, Cavite. Soho, who holds the distinction of being the country’s most awarded broadcast journalist, anchors GMA News TV’s flagship newscast State of the Nation with Jessica Soho. She also hosts GMA-7’s top-rating news magazine show Kapuso Mo, Jessica Soho (KMJS). A two-time recipient of the prestigious George Foster Peabody Award, Soho is also the first Filipino news anchor to become a finalist at the prestigious New York Festivals Television and Film Awards in 2018. Enriquez, on the other hand, co-anchors GMA-7’s flagship newscast 24 Oras. He also hosts the investigative public affairs program Imbestigador and GMA News TV’s Dobol B Sa News TV. The only Asian and the only Filipino so far to win the Best Newscaster Award in the Asian Television Awards, Enriquez was also named as the “Best AM Male News Anchor” at the Animo Media Choice Awards for his work in Super Radyo DZBB 594 khz where he hosts Saksi sa Dobol B and Super Balita sa Umaga Nationwide. He is an Anak TV Makabata Hall of Famer, having been voted as Makabata Star for seven years. The two Kapuso pillars both expressed their gratitude to the people behind the Animo Media Choice Awards. “Thank you for recognizing our effort to provide ‘serbisyong totoo’ especially during trying times, calamities, and instances that the public deserves to know what’s happening in their surroundings and for them to know the ‘truth,’ hindi ho ‘yung fake news. Maraming salamat po sa inyong suporta sa SONA o State of the Nation. Maraming salamat, mga Kapuso,” Soho said in a video message sent to De La Salle University Dasmariñas Alumni Association, Inc. (DLSUDAAI). Enriquez likewise thanked DLSUDAAI for their trust and confidence on him and GMA Network. “Thank you very much, alumni of De La Salle University Dasmarinas lalo na ngayon, your grand alumni homecoming. Thank you for supporting and for trusting the programs of the Kapuso Network, GMA. Maraming salamat po! Animo La Salle,” he said. Just recently, Enriquez also received the Gawad Lasallianeta Zeal for Lasallian Excellence as Media Communicator at the 2nd Gawad Lasallianeta of De La Salle Araneta University. This is the second year that Soho and Enriquez received the prestigious Animo award. A total of 2,050 alumni of the De La Salle UniversityDasmarinas participated in the manual and online voting held from March 18 to May 31. ‘Animo’ is chosen as the name of the accolade as the term embodies vigor that every Lasallian student and graduate share.