Manila Standard - 2017 November 11 - Saturday by Manila Standard

VOL. XXXI • NO. 270 • 3 SECTIONS 16 PAGES • P18 • SATURDAY, NOVEMBER 11, 2017 • www.manilastandard.net • editorial@manilastandard.net

LIGHTS FESTIVAL. The Festival of Lights, which opened Thursday at the Ayala Triangle Gardens in posh Makati City, has a show that runs every 30 minutes from 6 p.m. to 10 p.m. at the 2-hectare landscaped urban park at the center of the Makati Central Business District near the Manila Standard editorial office. The festival has 20-watt animatin lasers and giant haze machines for a full-on spectacular experience. Lino Santos

Abu ‘bomber’ nabbed

Security beefed up at Naia as Asean leaders start arriving By Francisco Tuyay, John Paolo Bencito and Joel E. Zurbano

OVERNMENT agents arrested a suspected Abu Sayyaf bomber and two of his companions at a Muslim enclave in Quezon City Friday night.

Initial reports identiﬁed the suspected terrorist bomber as Abu Bakar Jikiri, an active member of the Abu Sayyaf, which has pledged allegiance to the Islamic State terrorist group. In Vietnam, President Rodrigo Duterte said security forces remain on guard against possible retaliatory attacks by jihadist IS forces, as the country hosts the 31st Association of Southeast Asian Nations Summit next week. Speaking to reporters here on Thursday night, Duterte refused to divulge any information on the government’s security preparations, saying only that “the Armed Forces of the Philippines and the Philippine National Police are ready to meet the challenge.” Next page

BILATERAL ISSUES. President Rodrigo Duterte and Russian President Vladimir Putin hold talks on security and trade issues Friday on the sidelines of the Asia-Pacific Economic Cooperation. It is their first meeting since Duterte visited Moscow, Russia in mid-May. The visit was cut short when the Marawi crisis forced the President to return home. AFP

Grateful Rody thanks Putin for Russian weapons’ aid you for all time,” he added. Duterte, who in less than 24 hours of staying at Moscow last May decided to declare the state of martial law in the whole island of Mindanao due to ISIS attacks, said that meeting Putin once more was with “double the enthusiasm and gratitude” for the Philippines. “President Putin, sir, I’m very happy to see you again. This time, with double the enthusiasm and gratitude

DA NANG, Vietnam — President Rodrigo Duterte on Friday expressed his deepest gratitude to Russian President Vladimir Putin, who helped “turn the tide” for the Philippines in its protracted battle against Islamic Stateinspired groups who laid siege in Marawi City last summer. Duterte, who met with Putin for the third time at the sidelines of the 2017 Asia-Paciﬁc Economic

Cooperation Summit here, said that Russian weapons were the ones that greatly helped the military in its efforts to liberate Marawi following the four-month siege. “In a way, you helped us turn the tide and to shorten the war there because of your assistance,” the President said. “So again, I thank you very much, the Russian people, and you, Mr. President. We will remember

‘Stabbing talk made in jest’

Li sets 1st official visit to PH

DA NANG, Vietnam-President Rodrigo Duterte said Friday he stabbed a person to death as a teenager, in a deﬁant speech to promote his drug war ahead of a summit of world leaders in Manila. Speaking to the Filipino community in the Vietnamese city of Danang on Thursday, Duterte also threatened to slap a UN rights rapporteur if he met her, and used obscene language to hit back at the critics of his deadly drugs crackdown. “When I was a teenager, I would go in and out of jail. I’d have rumbles here, rumbles there,” said Next page

By Rey E. Requejo BESTOWED with fresh mandate from the recently concluded 19th National Congress of the Communist Party of China, Premier Li Kequiang will travel to Manila tomorrow (Nov. 12) up to Nov. 16 for different scheduled summits here. These are the series of leaders’ meetings on East Asia cooperation, includ-

ing the 20th China-Asean (10+1) Summit, the 20th Asean-China, Japan and the Republic of Korea (10+3) Summit and the 12th East Asia Summit. This will also be his first official visit to the Philippines, which is the first to the country by a Chinese Premier in a decade. Li’s visit to the Philippines, also the first after the 19th CPC National Next page

of my country, the Philippines,” Duterte said in his meeting with Putin. With Russia’s help, Duterte said he “was able to prove to everybody” that the Armed Forces of the Philippines and the Philippine National Police “could take care of our country.” “I would like to convey to you the gratitude of the Filipino people for your timely assistance, especially the trucks and the arms that

Trump lauds Manila over gender issues DA NANG, Vietnam--Firebrand US President Donald Trump on Friday gave lavish praise for countries in the Asia-Paciﬁc region, including the Philippines, for being among the ﬁrst countries in the world to close the gender gap, but before launching a tirade against “violations, cheating or economic aggression” in the region. “The Philippines has emerged as a proud nation of strong and devout families. For 11 consecutive years, the

Du30 bests Erap, Noy, Gloria in trust rating PRESIDENT Rodrigo Duterte has the highest public approval and trust ratings, compared to three of his predecessors, a comparison released by opinion polling firm Pulse Asia showed Friday. Following the latest September 2017 Ulat ng Bayan survey, Duterte has an 80 percent trust and approval rating, which the polling firm noted was higher than any rating earned by three of his predecessors--Joseph Estrada, Gloria Macapagal-Arroyo and Benigno Aquino III. He is also the most trusted president upon assuming office with an initial trust rating of 91 percent in July 2016. Next page

Aquino posts bail; court issues hold-departure order By Maricel V Cruz and Rio Araja

PROTEST AGAIN. Militant groups picket the US Embassy in Manila on Friday to protest against the 31st Association of Southeast Asian Nations Summit and US President Donald Trump’s planned visit to the country.The demonstrators called for a ‘ban’ on Trump, the ‘US-President Rodrigo Duterte fascist regime’ and the so-called neoliberal policies that they say the US is pushing in the Philippines. Norman Cruz

THE Sandiganbayan on Friday stopped former President Benigno Aquino III from leaving the country after he posted a P40,000 bail in connection with the graft and usurpation of authority charges ﬁled against him by the Ombudsman, one of his appointees during his term.

Aquino paid a courtesy call on Sandiganbayan Third Division Presiding Justice Amparo Cabotaje-Tan, an Aquino appointee, that will try the case. Aquino underwent regular booking procedures and had his mug shots and ﬁngerprints taken by Sandiganbayan personnel. Under the hold departure Next page

World summit on HR mulled

Asean leaders face hectic sked

DA NANG, Vietnam--President Rodrigo Duterte expressed readiness to host a “world summit” to tackle how nations can protect human rights—despite threats to ban two American lawmakers from going to Manila and slap a UN Special Rapporteur should she in-

By Sara Susanne D. Fabunan

twitter.com/ MlaStandard

vestigate him for the extrajudicial killings linked to his bloody war on drugs. Duterte, who lamented being singled out by critics due to his anti-criminality campaign, suggested that a human rights summit must tackle how to “protect the human rights for (sic) all human race.” facebook.com/ ManilaStandardPH

BLATANT BLUNDER. You have not been misled by your eyes. The spelling in the name of this Southeast Asian nation of 106-million people, also known as the Land of the Morning, in a tarpaulin flown high against the bayside winds at the Roxas Boulevard, is an inexpiable gaffe. Katrina Yamzon

manilastandard.net

THE Philippines, as chairman of the Association of Southeast Asian Nations this year, will change the format of meetings between the regional bloc and their dialog partners (Asean Plus

One), a diplomat privy to summit preparations said Friday. Contrary to the previous format, only the country coordinator will deliver a speech on behalf of the bloc while the leader from the partner nation will give his remarks. Next page

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SATURDAY, NOVEMBER 11, 2017 mst.daydesk@gmail.com

Rody twits AFP over ‘revo’ govt DA NANG, VIETNAM― President Rodrigo Duterte has backed off from his calls to declare a revolutionary government but ribbed top defense and military officials for preferring Vice President Leni Robredo over him. Speaking to reporters Thursday night, Duterte appeared sarcastic as he brushed off the assurance given to the vice president that the military would not support any move placing the country under a revolutionary government. “She’s right. I asked the military. They said, ‘we are not supporting any declaration for a revolutionary government’,” the President said after meeting with the Filipino community here. “I said, ‘Why?’ They said, ‘Because the Vice President said it.’ And then, ‘I prefer her more. She’s a woman and do not curse.’ Like that. “Then me? I then said yes. Let’s not declare a revolutionary government. Right, she’s right.”

John Paolo Bencito

Narco-pols‘ roster not from PDEA —Aquino By Rio N. Araja PHILIPPINE Drug Enforcement Agency directorgeneral Aaron Aquino on Friday denied providing the Department of the Interior and Local Government with a list of narco-politicians that led to their losing control and supervision over the police. “The statement of DILG’s [officer-in-charge Catalino] Cuy is not true since the list of narco-politicians is a product of [an] inter-agency intelligence task force, and not PDEA alone,” he said. On Oct. 3, the National Police Commission under the supervision of Cuy issued nine resolutions stripping a governor and 23 mayors over their control of the police. Cuy said the resolutions were based on the list of narco-politicians submitted by PDEA to the DILG. But Aquino said the list of local officials with drug ties had come from the Office of the President as early as December 2016.

World... From A1

“We should call a summit. And I will volunteer to make the Philippines the venue,” Duterte said. In the discussions, Duterte said he was giving all victims of human rights violations to attend and air their grievances. “What makes the death of people in the Philippines more important than the rest of the children in the world that were massacred and killed?” he asked. Duterte cited cases of human rights violations such as bombings which affected children and schools, among others. "So let’s have a summit of how we can protect the human rights for (sic) all human race,” he said. "Let us investigate all violations of human rights committed by all governments,” the President added. But two US legislators to suggest to President Donald Trump to call out the firebrand Philippine leader for the alleged incidents of extrajudicial killings in the country, Duterte threatened to place an immigration ban against the two. John Paolo Bencito

PH shuns US help on sea dispute “Well, I told them what kind of help [we need]…[but] no, I will not ask for military help to wage war against China,” Duterte said Thursday night when asked about his talks with United States President Donald Trump whom he met for the first time on Friday. Trump, who has been on

an Asian tour since the start of the month, is expected to raise concerns before Duterte on a number of issues concerning the region—including the rising tensions over North Korea’s nuclear and missile programs and Beijing’s growing influence in the region worsened by the territorial

sovereignty issues involving the South China Sea. While any planned bilateral meeting will not happen between the two leaders at the sidelines of the Apec summit, such could happen when Manila hosts the 31st Association of Southeast Asian Nations Summit starting Nov. 12.

The US leader is likewise expected to reaffirm Washington’s unwavering commitment and friendship with the Philippines, which has been strained by Duterte’s frequent cursing of Trump’s predecessor Barack Obama. Duterte, however, expressed disgust that while the whole world was busy discussing the threat of Pyongyang’s ballistic missile launches to regional security, China had been busy militarizing the disputed waters. “While we were looking intensely on the … what was evolving in the Korean Peninsula, the next photographs that … the photos from the intelligence came up that almost

Abu...

world leaders participating in the Asean summit this coming week. At least seven heads of states, including US President Donald Trump, are expected to arrive at the Naia on board their official aircrafts on Sunday to attend the country’s hosting of 31st ASEAN meeting. Airport officials are also expecting leaders and other government officials from China, India, Brunei, Japan and Singapore. Manila International Airport Authority manager Eddie Monreal said security personnel at checkpoints leading to the airport would be beefed up, and more bomb-sniffing dogs will be deployed. He added that heads of security, terminal managers and specially trained policemen would be situated in different strategic areas of the airport to ensure the safety of the arriving dignitaries and the people working at and using the airport. The MIAA chief said security personnel will strictly inspect the luggage while passengers will undergo rigid body frisking to make sure no firearms or explosives are brought inside the airport undetected. He appealed to travelers to report any unattended baggage or suspicious persons roaming inside and outside the

airport. National Capital Region Police Office director Oscar Albayalde said 33,000 policemen, including the augmentation force from different regional offices in the country, will also be deployed to provide and maintain security and safety of the delegates, routes, venue and billet during the summit. “In almost a year of security preparations for the 31st Asean Summit, I believe we have prepared everything, however one thing that we must not forget to include in our preparedness and readiness is prayer and divine intervention,” said Albayalde. “This undertaking is not just for the police, this is for our nation. This is our chance to show to the world that we are capable to secure the 22 world leaders and their colleagues. Let us do our share,” Albayalde said. Both the Philippine Airlines and Cebu Pacific Air advised their clients to allot sufficient time going to airport to avoid flight delays in anticipation of heavy traffic due to road closures in connection with the summit. The Metro Manila Development Authority announced earlier that some major streets in the metropolis will experience traffic congestion during

the summit. The MMDA, in its advisory, stated that there will be lockdown on SMX Convention Center in Pasay City from 11 p.m. of Nov. 11 to 12; Cultural Center of the Philippines Complex on Nov. 12 and Roxas Boulevard from Gil Puyat Avenue to P. Burgos on Nov. 13 from 12:01 a.m. until noon. Heavy traffic is expected in these areas and motorists are advised to take alternate routes. Asean convoys will be given priority through a stop-and-go traffic scheme that will create delays for other motorists, who will be told to stop for five minutes to let a convoy pass. On Friday, the wife of the slain leader of Ansar Khalifa Philippines as the Justice Department to dismiss the criminal charges of rebellion and inciting to rebellion filed against her by the National Bureau of Investigation. Karen Aizha Hamidon, wife of slain AKP leader Mohammad Jaafar Maguid, asked the DOJ to drop the 296 counts of inciting to rebellion charges for lack of evidence. Hamidon made the plea as Senior Assistant State Prosecutor Peter Ong concluded on Friday the preliminary investigation on the criminal complaint filed by the NBI. Ong said the case is now submitted for resolution. With Rey E. Requejo

held here. Speaking to reporters, President Rodrigo Duterte, meanwhile, says he expects to have an “interesting time” with the ﬁrebrand leader, whom he vowed to give a “good handshake.” Saying he is excited to meet Trump, Duterte said he felt “that we share so many ideas along the same line of problems of governance.”

"I know that I’d have an interesting time with him,” he said in a media interview Thursday night. Responding however to calls by American legislators for Trump to raise before Duterte allegations of extrajudicial killings happening in the country, Duterte warned the billionaire to “lay off” any talks on human rights.

As of 8 p.m. in Vietnam (9 p.m. in Manila), both Trump and Duterte were expected to participate in the gala dinner in honor of the Apec leaders who gathered here. Since speaking during the Apec CEO Summit, Trump has yet to be seen participating in any of the summit events that promotes inclusive growth and trade liberation.

percent. His highest was 86 percent in September 2016, while his lowest rating was 78 percent in March of this year. Duterte’s 82.8-percent average trust rating between July 2016 and September 2017 is also higher than his three other predecessors. Malacañang expressed appreciation on Duterte’s high approval and trust ratings. “The President accepts this public appreciation with all humility, but regardless

of survey results, [the President] and the members of his Cabinet would continue to work and advance public interest and build, as he said in numerous occasions, a nation worthy of the Filipinos,” Presidential Spokesman Harry Roque said in a statement. Next to Duterte, former President Benigno Aquino III recorded the highest rating at the onset of his term with a 79 percent approval rating and an 80 percent trust rating in October 2010.

Arroyo recorded the lowest trust and approval ratings among the four presidents with a 10 percent trust rating in February 2010 and a 14 percent approval rating in March 2010, a few months before she stepped down from office. Both Estrada and Aquino suffered a drop in their approval ratings during the end of their terms while Arroyo left her post with a 2 percent increase, ending her term with a 16 percent rating in July 2010. John Paolo Bencito

Presidential Spokesman Harry Roque told the Manila Standard in a text message. Duterte won last year’s presidential elections after promising to eradicate illegal drugs with an unprecedented crackdown that would see up to 100,000 people killed. Since he took office 16 months ago, police say they have killed 3,967 people in the crackdown. Another 2,290 people were murdered in drug-related crimes, while thousands of other deaths remain unsolved, according to government data. AFP, with John Paolo Bencito

Aquino... order issued by the antigraft court against Aquino, the former chief executive cannot leave the country without the court’s permission. An appointee of former President Benigno Aquino III to the Sandiganbayan who will handle his Mamasapano cases will not recuse from hearing the case. “All of us here had been appointees of former presidents but more than just gratefulness to those who appointed us, we have a

sworn duty and that should be the foremost consideration—to render justice, as justice should be dispensed without fear or favor,” Cabotaje-Tang, chairperson of Sandiganbayan Third Division, told reporters after the criminal cases filed against Aquino at the Sandiganbayan were raffled off to her division. “No, [I will not inhibit]. The court will never shirk from its responsibility to dispense justice. There are legal grounds for inhibition and having been appointed by the accused before is not one of the legal grounds for inhibition,” Tang said.

man, to call on another leader to add his remarks. Traditionally, all leaders in the Asean Plus One summits would deliver their messages, and the meeting would last until midnight. “We do not want what happened in Laos [during the 30th Asean Summit]

where leaders were able to have their dinner at past midnight,” the diplomat said. The diplomat said most of the leaders from the Asean and dialogue partners will arrive on Nov. 12 in Clark, Pampanga. They will be ﬂown to Manila by helicopter, then

proceed to the Gala Dinner at 7 p.m. in SMX Convention Center, Pasay City. Duterte, as country chairman, will face a punishing schedule on Nov. 13 and Nov. 14 since he will chair a series of meeting for 31st annual Asean Summit and related summits.

By John Paolo Bencito

A NANG, Vietnam—President Rodrigo Duterte has said he will not be asking for any military assistance from Washington to help wage war against Beijing amid the growing concerns in the region on the continued Chinese militarization of the disputed waters.

From A1

Jikiri was arrested in his hideout in Salam Compound in Barangay Culiat, Quezon City at 5:15 p.m. Agents seized two firearms, including an M203 grenade rifle. Two of Jakiri’s contacts, known only as Hussein and Sabtain, were also arrested, and all three were being interrogated. On Thursday, Lisa Sidney Jones, director of the Institute of Policy Analysis and Conflict warned that pro-IS terrorists may bomb several cities, including Manila, in the aftermath of their defeat in Marawi City. Jones also urged the government to extract information from suspected financiers of the Marawi seige who were arrested. “I think it’s possible the various components of the IS alliance actually dispersed back to their home territories... I also think there is a chance we’ll see retaliatory bombings in some of the urban centers in the Philippines, maybe including Manila,” she said in a television interview. Security forces will be placed on the highest security alert at the Ninoy Aquino International Airport during the arrival and departure of

Trump... From A1

World Economic Forum has ranked the Philippines ﬁrst among Asian countries in closing the gender gap and embracing women leaders in business and in politics,” Trump said before top business leaders in the Apec CEO Summit being

Du30... From A1

Duterte, who rose to power in May 2016, has an average performance approval rating of 81.8 percent between September 2016 and September 2017 and an average trust rating of 82.8 percent between July 2016 and September 2017. The President also scored higher approval ratings than his three other predecessors at above 80

‘Stabbing... From A1

Duterte, who is in Danang for the Asia-Pacific Economic Cooperation summit. “At the age of 16, I already killed someone. A real person, a rumble, a stabbing. I was just 16 years old. It was just over a look. How much more now that I am president?” Malacañang, however, brushed off the President’s pronouncements as something made “in jest.” “The President uses colorful language when with Pinoys overseas,”

Asean... From A1

“This is an improvement,” the diplomat, who asked not to be named, said. If there is enough time, it is up to President Rodrigo Duterte, as country chair-

From A1

John Paolo Bencito, AFP

the islands were militarized already,” he said in Filipino. Duterte said the Chineseoccupied islands were mostly equipped by artillery batteries, which had effectively militarized the region. While China remains his “good friend,” Duterte said, the only way to remove their militarized features in the disputed waters was “to go to war.” “[But] We are not...ready for that. In the fullness of God’s time, maybe we’ll have an interesting arrangement there,” Duterte said. “But it would depend on the people of China, how far they would go. But we are asking for the minimum.”

Duterte and Chinese President Xi will be meeting at the sidelines of the Asia-Pacific Economic Cooperation Summit here, where Duterte is expected to raise the concerns of the entire Association of Southeast Asian Nations, and where he will press the Chinese leader to agree with a working Code of Conduct on the South China Sea. “I am not criticizing China, but I am telling them that it is high time for a code of conduct,” Duterte said. “It is not wrong for me to tell China that you have already placed heavy artillery there. It [makes] us worried and wary because we are also using that passage.”

Du30 skips Apec dinner DA NANG, Vietnam—President Rodrigo Duterte, in this city for the Asia-Pacific Economic Cooperation Summit, skipped the gala dinner Friday intended for the leaders of member-economies. Foreign Secretary Alan Peter Cayetano and his wife, Laarni instead, were the ones who represented Duterte. In a text message to reporters, Cayetano said the President had to skip attending the gala dinner as the President had to attend to some important matters. In November last year, Duterte also skipped the gala dinner for Apec leaders meeting in Lima, Peru. Then Foreign secretary Perfecto Yasay attended the dinner on the President’s behalf. John Paolo Bencito

Grateful... From A1

country helped us replenish the old arms and the spent bores that were fired repeatedly and we have a new stock.” For his part, Putin said terrorism was a common challenge for both Russia and the Philippines, noting that Russia was prepared to further develop defense relations between Russia and the Philippines. “I would like to say that terrorism is one of our common problems and common challenges and following our agreement, we are ready to keep developing our relations, including in the military area and the tactical area,” the Russian leader said. Noting that economic ties “are at the lower level,” Putin said he wanted to see an improvement in the economic relations between the two countries. “I have no doubt, special attention should be paid to our economic ties,” Putin said. Presidential Spokesman Harry Roque, meanwhile, said the President expressed he did not want to participate in conflicts between big powers, adding he appreciated that Russia had shown good faith.

you sent because we have to replenish--the supplies were getting low,” he said. “And, according to my soldiers, the arms that you sent are very accurate and they were able to take care of the snipers that abounded and I lost more… Almost all of my troops because of the sniping, snipers, which were covered in buildings,” he added. Sharing his dream “to build a strong Armed Forces and a strong police” before he steps down from the presidency, Duterte said the Philippines was eyeing to buy arms from Russia this time after American legislators “stymied” the country’s supposed procurement of firearms. “Because at that time we were short of arms for the police and we wanted to buy it (sic) from America but because of the almost equal power of the US Congress and the President, it is always stymied by the legislators,” he said. “So the 23,000 that I ordered was (sic) scrapped and your timely assistance to my John Paolo Bencito

Li...

From A1

Congress, shows, according to diplomatic observers, that China attaches great importance to China-Philippine relations, reciprocating the pivot made by President Rodrigo Duterte last year to warm up relations with the world’s second largest economy, an official of the Ministry of Foreign Affairs said in a statement. Chinese Assistant Foreign Minister Chen Xiaodong declared that China considered the Philippines as friendly neighbor and important partner. “Since last year, ChinaPhilippines relations have achieved a turnabout and been constantly developing towards a positive direction. The Philippines is the destination of Premier Li Keqiang’s first visit after the 19th National Congress of the Communist Party of China, which shows that China attaches great importance to ChinaPhilippines relations. This is also the first visit to the Philippines by a Chinese Premier in a decade,” Chen stressed. The Chinese official expressed confidence Li’s visit would “vigorously advance bilateral relations in the new era and promote China-Philippines relations to become

an important practice of building a new type of international relations as well as a community with a shared future for mankind.” Li’s visit to Manila marks the first overseas trip of the head of government of China after the successful conclusion of the CPC’s 19th National Congress and an important move at the opening stage of the neighboring diplomacy with Chinese characteristics in the new era, the senior Chinese diplomat said. Li along with President Xi Jinping were reelected to the CPC Central Committee for another five-year term by the CPC congress last month. Xi was also reinstalled as general secretary of CPC Central Committee, leading its seven-man Political Bureau Standing Committee. Before his ascendancy to the CPC’s central leadership in 2013, Li served as party secretary of Liaoning province in China’s northeast where he championed the national policy of “Revitalizing the Northeast” by restructuring large state-owned enterprises, while creating a fertile environment for private businesses to flourish. He also launched a major initiative to renovate Lioaning’s poor residential areas so that 1.2-million people could move into new homes.

REVISED ZONAL VALUATION – RDO NO. 30 – BINONDO, MANILA REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE MANILA

DEPARTMENT ORDER NO. 062 - 2017 October 24, 2017

SUBJECT

IMPLEMENTATION OF THE REVISED SCHEDULE OF ZONAL VALUES OF REAL PROPERTIES IN THE CITY OF MANILA, NATIONAL CAPITAL REGION (5th Revesion), WITHIN THE JURISDICTION OF REVENUE DISTRICT OFFICE NO. 30 BINONDO, MANILA FOR INTERNAL REVENUE TAX PURPOSES.

: All Internal Revenue Officers and Others Concerned

Section 6(E) of Republic Act No. 8424, otherwise known as the “Tax Reforms Act of 1997”, authorizes the Commissioner of Internal Revenue to divide the Philippines into different zones or areas and determine for for internal revenue tax purposes, the fair market value of the real properties located in each zone or area upon consultation with competent appraisers both from private and public sectors. By virtue of said authority, the Commissioner of Internal Revenue has determined the zonal values of real properties in the City of Manila, National Capital Region (5th Revision), within the jurisdiction of Revenue District Office No. 30 - Binondo, Manila, Revenue Region No. 6 - Manila City, after a public hearing was conducted on June 16, 2017 for the purpose. This Order is issued to implement the revised zonal values of real properties for purposes of computing any internal revenue tax due on sale/ transfer or any other disposition of real properties. The zonal values established herein shall apply provided the same is higher than (1) the fair market value as shown in the schedule of values of the provincial or city assessor and (2) the gross selling price/consideration as shown in the duly notarized document of sale or transfer of real property. This Order shall take effect immediately.

CARLOS G. DOMINGUEZ III Secretary of Finance RECOMMENDED BY:

CAESAR R. DULAY Commissioner of Internal Revenue 005216 DEFINITION OF TERMS RESIDENTIAL

LAND/CONDOMINIUM HABITATION.

COMMERCIAL

PRINCIPALLY

DEVOTED

INDUSTRIAL

DEVOTED PRINCIPALLY TO INDUSTRY AS CAPITAL.

AGRICULTURAL

DEVOTED PRINCIPALLY TO RAISING OF CROP SUCH AS RICE, CORN, SUGARCANE, TOBACCO, ETC. OR TO PASTURING, INLAND FISHING, SALT-MAKING, AND OTHER AGRICULTURAL USES INCLUDING TIMBERLAND AND FOREST LAND.

GENERAL PURPOSE RAWLAND, UNDEVELOPED AND UNDERDEVELOPED AREA WHICH HAS POTENTIAL FOR DEVELOPMENT INTO RESIDENTIAL, COMMERCIAL, INDUSTRIAL, INSTITUTIONAL, ETC. MUST NOT BE LESS THAN 5,000 SQUARE METERS. IS AN INTEREST IN REAL PROPERTY CONSISTING OF A SEPARATE INTERESTS IN A UNIT IN A RESIDENTIAL, INDUSTRIAL OR COMMERCIAL BUILDING OR IN AN INDUSTRIAL ESTATE AND AN UNDIVIDED INTERESTS IN COMMON, DIRECTLY AND INDIRECTLY, IN THE LAND OR THE APPURTENANT INTEREST OF THEIR RESPECTIVE UNITS IN THE COMMON AREAS.

VICINITY

MEANS AN AREA, LOCALITY, NEIGHBORHOOD OR DISTRICT ABOUT, NEAR, ADJACENT PROXIMATE OR CONTIGUOUS TO A STREET BEING LOCATED.

CLASSIFICATION LEGEND: CODE RR CR RC CC CL A

CLASSIFICATION CODE CLASSIFICATION Residential Regular GL Government Land Commercial Regular GP General Purposes Residential Condominium I Industrial Commercial Condominium X Institutional Cemetery Lot APD Area for Priority Development Agricultural PS Parking Slot AGRICULTURAL LANDS

A1 A2 A3 A4 A5 A6 A7 A8 A9 A10 A11 A12 A13 A14 A15 A16 A17 A18 A19 A20 A21 A22 A23 A24 A25

Riceland Irrigated Riceland Unirrigated Upland Coco Land Citrus Land Fishpond Swamp Nipa Land Cotton Land Cogon Abaca Land Orchard Pineapple Land Banana Land Pasture Land Corn Land Sugar Land Tobacco Land Cacao Lanzones Durian Rambutan Mango Mangrove Camote/Cassava

A26 A27 A28 A29 A30 A31 A32 A33 A34 A35 A36 A37 A38 A39 A40 A41 A42 A43 A44 A45 A46 A47 A48 A49 A50

Bamboo Land Peanut Land Soy beans Land Grape vineyard Pepper Land Mineral Land Non Metallic mineral Land Coal Deposit African Oil Land Rubber Land Forest Land/Timber Land Horticultural Land Salt Beds Seashore Resort Sandy/Stony Prawn pond Sorghum Ipil-ipil Kangkong Zarate Vegetable Land Coffee Mountainous / Hilly Areas Other Agricultural Lands

REVENUE REGION NO. 6 - MANILA REVENUE DISTRICT OFFICE NO. 30 - BINONDO Province : National Capital Region (NCR) City/ Municipality : Binondo, Manila Barangay : Barangay 287 Zone 27 STREET NAME/SUBDIVISION/ CONDOMINIUM (List of Streets) DASMARINAS ESTRAUDE INGRESO JUAN LUNA

VICINITY

M DE BINONDO - Q. PAREDES M DE BINONDO - J. LUNA M DE BINONDO - J LUNA M DE BINONDO - M DE INDUSTRIA HORMIGA JUAN LUNA - Q. PAREDES MEISIC JUAN LUNA - ESTERO DELA REINA M DEL BANCO NACIONAL J LUNA - M DEL BDO MUELLE DELA INDUSTRIA M DE BINONDO - Q. PAREDES MUELLE DE BINONDO M DELA INDUSTRIA - J LUNA NIMFA M DE BINONDO - J. LUNA PYREIRA M DE BINONDO - J. LUNA QUINTIN PAREDES ONGPIN - J. LUNA RENTAS M DEL BINONDO - J. LUNA REINA REGENTE PLAZA LORENZO-EST DELA REINA SAN FERNANDO M DEL BINONDO - J. LUNA SAN GABRIEL M DEL BINONDO - J. LUNA (List of Condominiums / Townhouses) COHER REALTY DEVT JUAN LUNA STREET CORP HILLCREST CONDO

JUAN LUNA STREET

JUAN LUNA PLAZA

JUAN LUNA STREET

STATE CENTER INVESTMENT CONDO

JUAN LUNA STREET

WORLD TRADE JUAN LUNA STREET EXCHANGE CENTER CONDO FORTUNE PLAZA CONDO JUAN LUNA STREET UNITED GROUP BLDG

JUAN LUNA STREET

NOBLE PLACE

DASMARINAS cor JUAN LUNA STS.

CBY TOWER

MUELLE DE BINONDO

SOLALEGRIA

MUELLE DE BINONDO

SKY RESIDENCE

PRENSA STREET

REGINA GARDEN I

REINA REGENTE STREET

REGINA GARDEN II

REINA REGENTE STREET

TYTANA CONDOMINIUM

PLAZA LORENZO RUIZ

IMPERIAL SKY GARDEN CONDO

ONGPIN cor T. PINPIN STREETS

Province : National Capital Region (NCR) City/ Municipality : Binondo, Manila Barangay : Barangay 289 Zone 27 STREET NAME/SUBDIVISION/ VICINITY CONDOMINIUM (List of Streets) Q PAREDES - YUCHENGCO CARVAJAL (NUEVA) CONDESA ROSARIO-DELA REINA DASMARINAS Q PAREDES - YUCHENGCO SABINO PADILLA Q PAREDES - YUCHENGCO (GANDARA) HORMIGA Q PAREDES - J LUNA JUAN LUNA DASMARINAS-BARCA YUCHENGCO (NUEVA) DASMARINAS - ONGPIN ONGPIN Q PAREDES - YUCHENGCO PLAZA RUIZ DELA BARCA J LUNA - Q. PAREDES QUINTIN PAREDES DASMARINAS-ONGPIN QUINONES GANDARA-ONGPIN T. PINPIN GANDARA-CONDESA (List of Condominiums / Townhouses) QUINTIN PAREDES STREET YUCHENGCO TOWER

LAND DEVOTED PRINCIPALLY TO COMMERCIAL PURPOSES AND GENERALLY FOR THE OBJECT OF PROFIT.

CONDOMINIUM

Province : National Capital Region (NCR) City/ Municipality : Binondo, Manila Barangay : Barangay 288 Zone 27 STREET NAME/SUBDIVISION/ VICINITY CONDOMINIUM (List of Streets) PLAZA LORENZO - T. PINPIN NORBERTO TY (CONDESA) INSULAR VERONICA - V. TYTANA (ORIENTE) JUAN LUNA CONDESA-DELA REINA MEISIC DELA REINA-J LUNA YUCHENGCO (NUEVA) ONGPIN - VERONICA VICTORIA TYTANA YUCHENGCO - PLAZA (ORIENTE) LORENZO ONGPIN ESTERO DELA REINA - PLAZA LORENZO PLAZA RUIZ DELA BARCA ALL ABOUT ALL ABOUT REINA REGENTE VERONICA - ESTERO DELA REINA TOMAS PINPIN ESTERO DELA REINA ONGPIN VERONICA YUCHENGCO - REINA REGENTE (List of Condominiums / Townhouses) PLAZA LORENZO RUIZ FEDERAL HOMES MANDARIN MANSION

CLASSIFICATION

5TH REV ZV/SQ.M.

CR CR CR CR

132,400.00 55,550.00 72,500.00 116,700.00

CR CR

72,500.00 62,800.00

CR CR CR CR CR CR CR CR

76,300.00 65,000.00 101,800.00 72,500.00 55,550.00 94,750.00 72,500.00 72,500.00

CR CR

80,350.00 72,500.00

RC CC PS RC CC PS RC CC PS RC CC PS RC CC PS RC CC PS RC CC PS RC CC PS RC CC PS RC CC PS RC CC PS RC CC PS RC CC PS

32,905.00 35,631.00 32,905.00 29,650.00 31,562.00 29,650.00 29,650.00 38,650.00 29,650.00 32,250.00 44,375.00 32,250.00 47,250.00 59,050.00 47,250.00 47,250.00 59,050.00 45,750.00 47,250.00 59,050.00 47,250.00 56,250.00 66,250.00 56,250.00 50,000.00 53,750.00 50,000.00 50,000.00 53,750.00 50,000.00 50,000.00 53,750.00 50,000.00 33,500.00 36,375.00 33,500.00 33,500.00 36,375.00 33,500.00

PRINCEVIEW PARKSUITES

QUINTIN PAREDES STREET

CLASSIFICATION

5TH REV ZV/SQ.M.

109,250.00

53,900.00

CR CR CR CR

116,700.00 62,800.00 123,300.00 110,500.00

111,750.00

CR X CR

126,600.00 126,600.00 123,300.00

118,050.00

83,600.00

RC CC PS RC CC PS RC CC PS

29,650.00 38,650.00 29,650.00 32,250.00 44,375.00 32,250.00 47,500.00 62,500.00 47,500.00

CLASSIFICATION

5TH REV ZV/SQ.M.

95,750.00

CR CR CR

105,500.00 129,900.00 109,500.00

CR CR CR CR CR CR CR CR

65,625.00 116,700.00 125,800.00 140,000.00 105,500.00 116,250.00 109,500.00 123,800.00

RC CC PS RC CC PS

34,750.00 37,500.00 34,750.00 56,250.00 66,250.00 56,250.00

Province : National Capital Region (NCR) City/ Municipality : Binondo, Manila Barangay : Barangay 290 Zone 27 STREET NAME/SUBDIVISION/ VICINITY CLASSIFICONDOMINIUM CATION (List of Streets) YUCHENGCO - ESTERO DELA CR CARVAJAL REINA CLAVERIA GANDARA - POBLETE CR DASMARIÑAS YUCHENGCO - ESTERO DELA CR REINA WILLIAM BURKE (DAVID) T. PINPIN - DASMARINAS CR ESTRELLA T. PINPIN - GANDARA CR SABINO PADILLA YUCHENGCO - ESTERO DELA CR (GANDARA) REINA MARQUINA POBLETE - DASMARINAS CR YUCHENGCO (NUEVA) DASMARINAS - ONGPIN CR POBLETE T. PINPIN - MARQUINA CR Q. PAREDES DASMARINAS-GANDARA CR TOMAS PINPIN ONGPIN - DASMARIÑAS CR UGALDE POBLETE - DASMARINAS CR (List of Condominiums / Townhouses) TOMAS PINPIN STREET RC KP BINONDO TOWER CC PS Province : National Capital Region (NCR) City/ Municipality : Binondo, Manila Barangay : Barangay 291 Zone 27 STREET NAME/SUBDIVISION/ VICINITY CLASSIFICONDOMINIUM CATION (List of Streets) M DEL BANCO NACIONAL CR BANQUERO DASMARINAS DASMARINAS Q PAREDES - ESTERO DELA CR REINA WILLIAM BURKE (DAVID) M NACIONAL - DASMARINAS CR ELOISA W. BURKE - BANQUERO CR ESCOLTA Q. PAREDES - BANQUERO CR JUAN LUNA M DEL BANCO NACIONAL CR DASMARINAS MUELLE DEL BANCO Q. PAREDES - BANQUERO CR NACIONAL MARQUINA SAN VICENTE - DASMARINAS CR MARTINEZ T. PINPIN - DAVID CR YUCHENGCO (NUEVA) M DEL BANCO NACIONAL CR DASMARINAS SAN VICENTE Q PAREDES -T. PINPIN CR SODA M DEL BANCO NACIONAL CR ESCOLTA T PINPIN M DEL BANCO NACIONAL CR DASMARINAS (List of Condominiums / Townhouses) ESCOLTA STREET RC A & T BUILDING CC PS BPI CONDOMINIUM PLAZA CERVANTES RC CC PS CASA PENNSYLVANIA PLAZA CERVANTES RC CC PS CERVANTES CENTRE PLAZA CERVANTES RC CC PS ESCOLTA TWIN TOWER ESCOLTA STREET RC CC PS PLAZA MORAGA MANSION PLAZA CERVANTES RC CC PS DASMARINAS DASMARINAS STREET RC CC CORPORATE CENTER PS GA CU UNJIENG CTR DASMARINAS STREET RC CC PS RIVERVIEW MANSION ESCOLTA cor T. PINPIN STS RC CC PS Province : National Capital Region (NCR) City/ Municipality : Binondo, Manila Barangay : Barangay 292 Zone 28 STREET NAME/SUBDIVISION/ VICINITY CLASSIFICONDOMINIUM CATION (List of Streets) SANCHEZ - REINA REGENTE CR ALVARADO C M RECTO REINA REGENTE - SANCHEZ CR DADIVAS (DANDIDES) REINA REGENTE - ALVARADO CR REINA REGENTE ESTERO DELA REINA - C M CR RECTO SANCHEZ C M. RECTO - SOLER CR SOLER REINA REGENTE - ESTERO DE CR SAN LAZARO (List of Condominiums / Townhouses) REINA REGENTE STREET RC BELTON MANSION RES. CC CONDO PS SOLEX CONDOMINIUM I SOLER STREET RC CC PS SOLEX CONDOMINIUM II SOLER STREET RC CC PS MANTEL ENTERP INC SOLER STREET RC CC PS SOLER TOWER CONDO SOLER STREET RC CC PS BINONDO TERRACE ALVARADO STREET RC CC CONDO PS BINONDO PLAZA ALVARADO STREET RC CC CONDOMINIUM PS 888 LUCKY MANSION ALVARADO STREET RC CC PS LIGAYA INVESTMENT ALVARADO STREET RC CC PS HS COMMERCIAL TOWER ALVARADO STREET RC CC PS

5TH REV ZV/SQ.M. 95,750.00 95,750.00 129,900.00 100,250.00 91,250.00 110,000.00 97,500.00 123,800.00 91,250.00 112,500.00 123,800.00 97,500.00 31,750.00 32,875.00 31,750.00

5TH REV ZV/SQ.M. 94,500.00 129,900.00 104,200.00 91,350.00 100,000.00 116,700.00

Province : National Capital Region (NCR) City/ Municipality : Binondo, Manila Barangay : Barangay 293 Zone 28 STREET NAME/SUBDIVISION/ VICINITY CLASSIFICONDOMINIUM CATION (List of Streets) CLARO M RECTO ESTERO DELA REINA - REINA CR REGENTE DELA REINA REINA REGENTE - G. CR LACHAMBRE FELIPE II REINA REGENTE - G. CR LACHAMBRE GRAL LACHAMBRE DELA REINA - FELIPE II CR MEISIC ESTERO DELA REINA - G. CR LACHAMBRE REINA REGENTE C M RECTO - ESTERO DELA CR REINA ROMAN C M RECTO - SOLER CR SOLER C M RECTO - REINA REGENTE CR STA.ELENA ESTERO DELA REINA - G CR LACHAMBRE (List of Condominiums / Townhouses) 168 RESIDENCES (TOWER REINA REGENTE cor SOLER RC CC 1 & 2) STS PS CITYPLACE SQUARE REINA REGENTE cor SOLER RC CC STS PS Province : National Capital Region (NCR) City/ Municipality : Binondo, Manila Barangay : Barangay 294 Zone 28 STREET NAME/SUBDIVISION/ VICINITY CLASSIFICONDOMINIUM CATION (List of Streets) AGUILAR TRONQUED - C M RECTO CR ALVARADO SOLER - SANCHEZ CR BENAVIDEZ C M RECTO - SOLER CR C M RECTO SANCHEZ - BENAVIDEZ CR G MASANGKAY C M RECTO - SOLER CR (MAGDALENA) SANCHEZ C M RECTO - SOLER CR SOLER BENAVIDEZ - SANCHEZ CR TRONQUED MASANGKAY - ESTERO DE CR MAGDALENA (List of Condominiums / Townhouses) RC SKYRISE HOTEL CONDO AGUILAR STREET CC PS SUNSHINE MANSION AGUILAR STREET RC CC CONDO PS ORIENT STAR 1001 MASANGKAY STREET RC CC PS H.L.C. BUILDING MASANGKAY STREET RC CC PS Province : National Capital Region (NCR) City/ Municipality : Binondo, Manila Barangay : Barangay 295 Zone 28 STREET NAME/SUBDIVISION/ VICINITY CLASSIFICONDOMINIUM CATION (List of Streets) BENAVIDEZ SALAZAR - C M RECTO CR C M RECTO BENAVIDEZ - ESTERO DE SAN CR LAZARO G MASANGKAY SALAZAR - SOLER CR (MAGDALENA) SABINO PADILLA SOLER - ESTERO DE SAN CR (GANDARA) LAZARO ONGPIN SALAZAR - ESTERO DE SAN CR LAZARO PIEDAD MASANGKAY - ESTERO DE CR SAN LAZARO SALAZAR ONGPIN - G MASANGKAY CR SOLER MASANGKAY - ESTERO DE CR SAN LAZARO (List of Condominiums / Townhouses) LEE TOWER S. PADILLA STREET CRYSTAL MANILA

MASANGKAY cor PIEDAD STS

RC CC PS RC CC PS

Province : National Capital Region (NCR) City/ Municipality : Binondo, Manila Barangay : Barangay 296 Zone 28 STREET NAME/SUBDIVISION/ VICINITY CLASSIFICONDOMINIUM CATION (List of Streets) MASANGKAY SOLER - ESTERO DELA REINA CR (MAGDALENA) ONGPIN EST DE SAN LAZARO - EST CR DELA REINA PIEDAD MASANGKAY - ESTERO DE CR MAGDALENA SALAZAR ONGPIN - MASANGKAY CR SOLER MASANGKAY - ESTERO DE CR MAGDALENA (List of Condominiums / Townhouses) STRATA GOLD ONGPIN STREET

RC CC PS CERTAIN GUIDELINES IN THE IMPLEMENTATION OF ZONAL VALUATION OF REAL PROPERTIES FOR RDO NO. 30- BINONDO, MANILA

87,250.00 92,500.00 91,350.00 122,800.00 101,700.00 91,350.00

SATURDAY, NOVEMBER 11, 2017 I A3

5TH REV ZV/SQ.M. 113,500.00 86,000.00 81,500.00 81,500.00 80,000.00 123,500.00 81,500.00 97,000.00 86,000.00 69,250.00 81,250.00 69,250.00 69,250.00 81,250.00 69,250.00

5TH REV ZV/SQ.M. 82,000.00 82,000.00 91,750.00 110,000.00 103,000.00 82,000.00 85,500.00 82,000.00 33,500.00 36,375.00 33,500.00 33,500.00 36,375.00 33,500.00 63,750.00 75,000.00 63,750.00 63,750.00 75,000.00 63,750.00

5TH REV ZV/SQ.M. 93,500.00 110,000.00 95,000.00 118,500.00 102,000.00 87,000.00 104,500.00 100,500.00

80,750.00 96,250.00 80,750.00 63,750.00 75,000.00 63,750.00

5TH REV ZV/SQ.M. 94,500.00 127,500.00 87,000.00 107,000.00 98,000.00

78,750.00 93,125.00 78,750.00

NO ZONAL VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR CLASSIFICATION OF REAL PROPERTY.

123,800.00

WHERE IN THE APPROVED SCHEDULE OF ZONAL VALUES FOR A PARTICULAR BARANGAY -

36,000.00 41,875.00 36,000.00 31,000.00 33,250.00 31,000.00 31,000.00 33,250.00 31,000.00 31,000.00 33,250.00 31,000.00 67,474.00 82,155.00 67,474.00 31,000.00 33,250.00 31,000.00 47,250.00 50,063.00 47,250.00 47,250.00 48,750.00 47,250.00 89,145.00 106,118.00 89,145.00

NO ZONAL VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR CLASSIFICATION IN A PARTICULAR STREET/SUBDIVISION IN A BARANGAY, THE ZONAL VALUE PRESCRIBED FOR THE SAME CLASSIFICATION OF REAL PROPERTY LOCATED IN THE OTHER STREET/ SUBDIVISION WITHIN THE SAME BARANGAY OF SIMILAR CONDITIONS SHALL BE USED; AND

NO ZONAL VALUE HAS BEEN PRESCRIBED FOR A PARTICULAR CLASSIFICATION OF REAL PROPERTY IN ONE BARANGAY, THE ZONAL VALUE PRESCRIBED FOR THE SAME CLASSIFICATION OF REAL PROPERTY LOCATED IN AN ADJACENT BARANGAY OF SIMILAR CONDITIONS SHALL BE USED.

2. PREDOMINANT USE OF PROPERTY. a.) ALL REAL PROPERTIES, REGARDLESS OF ACTUAL USE, LOCATED IN A STREET/BARANGAY/ ZONE, THE USE OF WHICH ARE PREDOMINANTLY COMMERCIAL SHALL BE CLASSIFIED AS “COMMERCIAL” FOR PURPOSES OF ZONAL VALUATION. b.) THE PREDOMINANT USE OF OTHER CLASSIFICATION OF PROPERTIES LOCATED IN A STREET/BARANGAY/ZONE, REGARDLESS OF ACTUAL USE SHALL BE CONSIDERED FOR PURPOSES OF ZONAL VALUATION. 3. ZONAL VALUES OF CONDOMINIUM UNIT/TOWNHOUSE: IF THE TITLE OF A PARTICULAR CONDOMINIUM UNIT/TOWNHOUE IS – a). A CONDOMINIUM CERTIFICATE OF TITLE (CCT), THE ZONAL VALUE OF THE L AND AND THE IMPROVEMENTS SHALLL BE TREATED AS ONE: OR b). A TRANSFER CERTIFICATE OF TITLE (TCT), THE LAND AND IMPROVEMENT SHALL BE GIVEN SEPARATE VALUES i.e. ZONAL VALUE/GROSS SELLING PRICE/FAIR MARKET VALUE PER LATEST TAX DECLARATION WHICHEVER IS HIGHER AND, IN THE ABSENCE OF ZONAL VALUATION, PROPERTY SHALL BE VALUED PURSUANT TO RAMO 2-91.

5TH REV ZV/SQ.M. 81,000.00 85,000.00 77,000.00 118,500.00

THE GROUND FLOOR OF THE RESIDENTIAL CONDOMINIUM SHALL BE CLASSIFIED AS COMMERCIAL AND TWENTY PERCENT (20%) OF THE ESTABLISHED VALUE SHALL BE ADDED THERETO.

82,000.00 99,250.00 4. 33,500.00 37,250.00 33,500.00 33,500.00 36,375.00 33,500.00 33,500.00 36,375.00 33,500.00 33,500.00 36,375.00 33,500.00 55,000.00 63,250.00 55,000.00 33,500.00 36,375.00 33,500.00 33,500.00 36,375.00 33,500.00 51,250.00 60,000.00 51,250.00 33,500.00 36,375.00 33,500.00 51,250.00 60,000.00 51,250.00

AREAS FOR PRIORITY DEVELOPMENT (APD). THESE ARE AREAS IDENTIFIED AS AREAS FOR PRIORITY DEVELOPMENT CERTIFIED TO AS SUCH BY THE HOUSING AND LAND USE REGULATORY BOARD (HLURB). IT IS UTILIZED FOR SOCIALIZED HOUSING, IT SHALL BE CERTIFIED TO AS SUCH BY THE PROPER GOVERNMENT AGENCY SUCH AS,PRESIDENTIAL COMMISSION ON URBAN POOR (PCUP), NATIONAL HOUSING AUTHORITY (NHA), ETC. SECOND SALE OF LOT IDENTIFIED AS LOCATED IN THE APD SHALL NO LONGER BE VALUED AS AN APD AND SHALL TREATED AS AN ORDINARY REAL PROPERTY.

ZONAL VALUE OR FMV ESTABLISHED IN THE SCHEDULE OF VALUES OF ASSESSORS. THE ZONAL VALUES ESTABLISHED HEREIN SHALL APPLY IN COMPUTING ALL INTERNAL REVENUE TAXES (i.e. CAPITAL GAINS, CREDITABLE WITHHOLDING, ESTATE, DONOR’S AND DOCUMENTARY STAMP TAXES) DUE ON SALES, EXCHANGES, OR OTHER DISPOSITIONS OF REAL REAL PROPERTY. PROVIDED, THAT THE SAME IS HIGHER THAN (1) THE FAIR MARKET VALUE AS SHOWN IN THE SCHEDULE OF VALUES OF THE PROVINCIAL AND CITY ASSESSORS (i.e LATEST TAX DECLARATION) AND (2) THE GROSS SELLING PRICE AS SHOWN IN THE DULY NOTARIZED DOCUMENT OF SALE OR EXCHANGE AT THE TIME OF SALE OR EXCHANGE. PROVIDED, HOWEVER, THAT THE VALUE OF PROPERTY TO BE USED IN COMPUTING ESTATE AND DONOR’S TAXES SHALL BE (1) THE FAIR MARKET VALUE AS DETERMINED BY THE COMMISSIONER OF INTERNAL REVENUE (i.e. ZONAL VALUES) OR (2) THE FAIR MARKET VALUE AS SHOWN IN THE SCHEDULE OF VALUES OF THE PROVINCIAL/CITY/ MUNICIPAL ASSESSOR, WHICHEVER IS HIGHER.

Opinion

SATURDAY, NOVEMBER 11, 2017

mst.daydesk@gmail.com

EDITORIAL

Adelle Chua, Editor

Heaven help us

HE secretary of transportation, Arthur Tugade, told the public that prayers and trust were needed because the problem faced by the Metro Rail Transit are wide and deep. The government recently canceled its contract with BURI, which was supposed to render maintenance works to keep the MRT in good condition. But if there was any word that would describe the state of the MRT, “good” would not be it. In fact, just the opposite would be true. For some reason, it took this administration’s trans-

portation officials more than a year to come to their senses and cancel a contract that clearly had the government—hence the people—at a gross disadvantage. It also took them a while to haul the former officials responsible for this anomalous deal to court. The only explanation for the glacial pace with which they acted is a lack

of empathy. After all, we are certain Mr. Tugade and his underlings are not wont to take the train as part of their everyday routine. They do not thus have the faintest idea how it feels like to stand in line for hours, lose themselves in a sea of bodies equally desperate to get to work or school, board a train bursting at the seams—only to be made to alight halfway to their destination because of some glitch. If they are lucky, the glitches cause

just inconvenience, it could have caused harm, or injury. We have no way of knowing the DoTr’s next steps after junking BURI. The pitiful state of the trains continues. Hundreds of thousands of commuters still have to use them— what is the plan? We agree with Mr. Tugade that the problems are wide and far and deep. We cannot accept, however, that he should ask us to pray for a solution. A reliable public transport system

does not come with grace. It is the direct consequence of careful planning and meticulous execution by people hired to do the job. You do not just pray your troubles away—you actually do something about the situation and nudge things to the outcome you want. Especially if you fall under the Executive branch of government. But if our leaders are the first to sound defeated by the problem, then maybe it would be correct to utter— “Heaven help us.” BACKBENCHER ROD P. KAPUNAN

Isolating itself from the people

More double talk from Robredo HAIL TO THE CHAIR VICTOR AVECILLA

IT’S bad enough that the validity of her installation to office is still being disputed in the Supreme Court sitting as a presidential electoral tribunal. What’s worse is that she makes pretentious political statements which everybody knows is plain and simple political double talk. Weeks ago, alleged Vice President Leni Robredo announced to the news media that she has no desire to be president, and that she is too busy with her work as vice president to be thinking of the next elections. Her announcement came after a number of high profile politicians, visibly identified with the discredited Liberal Party (LP), were making final

arrangements for their admission to the administration party, the PDP-Laban. As expected, the political discussion included potential candidates for the presidency in May 2022. By publicly declaring that she does not desire to be president, Robredo probably thinks the Filipinos can be easily fooled—an assumption most likely triggered by her being surrounded by her sycophants for so long a period. Her statement also indicates her utter lack of political maturity to warrant her becoming President of the Philippines. The vice president is the constitutionally mandated successor to the president, should the presidency be vacated by the president’s death, resignation, removal from office, or permanent disability. In other words, there is no denying that the vice president is also some

kind of “secondary candidate” for the presidency. Thus, if Robredo really has no desire to be president, it was silly and illogical for her to have sought the vice presidency in May 2016. Running for

The sole job of the vice president is to wait for the president to vacate the presidency. vice president and denying having any interest in the presidency is the height of hypocrisy. Truth to tell, the political events in the months prior to the May 2016 national elections indubitably show

that Robredo already had a moist eye for very high public office. It will be recalled that when the overbearing LP was searching for a vice presidential candidate to run with LP standard bearer Mar Roxas, the party’s first choice for veep was Senator Grace Poe. When Poe decided to exploit her popularity and run for president, the LP offered the VP post to Robredo, who readily accepted the invitation despite her obvious lack of sufficient political experience and savvy for very high public office. Back then, Robredo’s political service record was a brief, lackluster stint in the House of Representatives. In the bygone era after World War II and before the martial law years, candidates for vice president personally saw to it that they had enough political experience in elective or appointive public office be-

fore they even filed their respective candidacies. Apparently, the LP no longer had that noble tradition in mind when the party settled for Robredo. Thus, if Robredo is not really interested in the presidency as she claims, the surrounding circumstances clearly indicate that it was illogical for her to run for vice president in the first place—unless, of course, Robredo considers very high public office as a game or a diversion. Sadly, if Robredo cannot even be truthful about her desire to become president, she probably can’t be expected to be truthful about anything should she become president by compulsory legal succession. Good heavens! Philippine political history reveals that vice presidents have always considered becoming the president, by reason of their

proximity to the highest office in the land. It will be recalled that when Commonwealth President Manuel L. Quezon and Vice President Sergio Osmeña were in exile in Washington, D.C. during World War II, Quezon’s term of office expired and, by virtue of the law then in force, it was Osmeña’s turn to be president. When Osmeña asked Quezon to yield the presidency to him, an angry Quezon refused. Sensing that Quezon was terminally ill with tuberculosis, Osmeña gave way, prompting the United States Congress to amend the law on succession and thus accommodate an extension of Quezon’s stay in office. Although Osmeña was magnanimous and accommodating, the historical record clearly shows that he had his eyes on the presidency.

THE rally on Edsa called by Catholic Archbishop Socrates Villegas was greeted with sharp reaction from an increasing number of anti-cleric and anti-oligarch elements in our society because the organizers sought to highlight the issue of “extrajudicial killings” and human rights violation. The rally headed by known reactionary and conservative elements in the Church has lost much of its appeal because 1986 and 2017 belong to two different political condition and situation with the people more conscious of the issues being presented. The organizers cannot deny their motive nor can they segregate the issue as non-political because the issue of extrajudicial killings is now being exploited by elements opposed to President Duterte which the government has vigorously pursued to eradicate the more debilitating problem of illegal drugs. The issues of EJK and human rights violation are bound to collapse not because the majority favor the slaughter of their own kind but of the fact that the yellow opposition and their traditional ally from the extreme left have already prejudged the Duterte administration as responsible for the extrajudicial killings of drug lords, couriers and pushers. Everybody knows that the clerics and their notso-religious allies representing the oligarchy and the communists attended to emasculate the number to give credibility to their prejudgement of the government as behind these killings. Undeniably, their motive was political. In fact, for one to express his objection against the so-called extrajudicial killings, he cannot escape the indictment that he supports the continued spread of dangerous drugs. It is political because it leaves no room for the person to explain why he opted to take that stand.

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Rolando G. Estabillo Publisher ManilaStandard

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Opinion The Pacific gets a little bigger By Mihir Sharma AS PRESIDENT Donald Trump makes his way across Asia, ears in local capitals have picked up a subtle but unmistakable change in messaging from the US administration. The shift focuses on an apparently innocuous term: “the Indo-Pacific.” US National Security Adviser H.R. McMaster introduced the president’s itinerary to reporters as “a great opportunity to demonstrate America’s and the Trump administration’s commitment to the IndoPacific.” Trump himself has used the term and it’s all over the official press releases from the White House. This isn’t just semantics. The difference between the more commonly used “AsiaPacific” and the new “IndoPacific” is actually quite deep. Those who prefer the latter want to stress that the great power conflicts in East, South and Southeast Asia are essentially maritime—over the control and openness of trade routes and over who gets to build and secure the infrastructure through which the vast majority of the world’s trade passes. By pushing the borders of America’s awareness as far as India, it means that China and its concerns are no longer at the center of US strategy. And it might also reflect a desire to “bring India permanently into the US web of alliances and partnerships in the region.” For the Japanese, it reflects their pressing need to keep sea routes free of Chinese influence; for Indians, the term embodies the conviction that the most important relationship between any two capitals over the next century will be that between Delhi and Beijing. For the countries of Southeast Asia, the term mirrors the hope that a network of alliances, led by the US, Japan, Australia and India, would allow them to preserve their sovereignty and strategic independence amid China’s rise. Indeed, the one country that clearly dislikes the term is China. And that may be the biggest takeaway from this presidential progress so far— the Trump administration’s decision to shelve its predecessors’ diffidence and junk the notion that the US might accommodate China’s preference for a unipolar “Asia-Pacific.” From an “America First” president, this willingness to ally if not lead in the effort to counterbalance China may be the best that countries in the region could have hoped for. The phrase “Indo-Pacific” has been used before, of course, though only rarely

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Fernando Lopez, who was vice president during the administration of President Elpidio Quirino, did not seek the presidency immediately after serving as vice president, but he made an unsuccessful attempt to get the Nacionalista Party to field him as their presidential candidate in 1965. Lopez lost his bid to then Senator Ferdinand Marcos, but he became Marcos’ running mate that year. After holding office as vice president, Diosdado Macapagal ran for president in 1961. Joseph Estrada did the same in 1998. In 2000, then vice president Gloria Macapagal Arroyo eagerly took her oath as acting President after President Estrada vacated Malacañang without resigning the presidency. Later on, it was reported that her allies in the Supreme Court dispensed with the word “acting” in her oath. Vice presidents Salvador Laurel and Jejomar Binay made unsuccessful bids for the presidency in 1992 and 2016, respectively. Arroyo’s appointed vice

by US presidents. During Shinzo Abe’s first term as prime minister of Japan in the mid-2000s, it was hoped that a “quadrilateral” that encompassed the US, Australia, Japan and India could help patrol sea lanes and stabilize the region. But that initiative foundered. Prime Minister Kevin Rudd’s Australia, its economy thriving on China’s demand for commodities, had no intention of displeasing Beijing. India’s government wasn’t too keen on unsettling relations with its giant northern neighbor either. Australia pulled out of the quadrilateral dialogue in 2008 explicitly to soothe Chinese sensitivities; Rudd’s foreign minister told the press after a visit from his Chinese counterpart that “one of the things that caused China concern last year was a meeting of that strategic dialogue. … Australia would not be proposing to have [another] dialogue of that nature.” But times have changed. Having returned to power, Abe is firmly in command in Tokyo; he’s turned “a free and open Indo-Pacific” into something of a mantra. Meanwhile, the commodity market has cooled and Australia has been reminded of the costs of economic dependence. “Indo-Pacific” has become its official definition of its neighborhood. India’s Narendra Modi, who is close to Abe, has lately embraced the term as well, especially after his nation emerged from a nasty border confrontation with the People’s Republic. China’s protestations of a peaceful rise may not sound quite as credible in 2017 as they did in 2007. Much work will need to be done before the new terminology results in practical changes on the ground, of course. Officials from the “quadrilateral” are likely to meet at the upcoming East Asia Summit in the Philippines. They will need to set concrete goals for military and strategic cooperation —for example, scheduling regular patrols together for their navies. The meeting itself would send a message: When it became a possibility, China warned it had better not be set up to “target or damage a third party’s interest.” That’s probably not an issue yet. None of the countries is engaged or powerful or determined enough at the moment to contain Chinese ambition in the short-term. Still, leaders such as Trump and Abe have taken an important first step towards ensuring that, in the decades to come, China’s leaders don’t have it all their way in, yes, the Indo-Pacific. Bloomberg president, Teofisto Guingona Jr., did not run for president in 2004 due to advance age and the absence of a political campaign machinery to back him up. Noli de Castro, Arroyo’s elected vice president, did not seek the presidency in 2010 because of his very close association with Arroyo, who was involved in and even publicly apologized for the “Hello Garci” scandal involving election fraud attributed to her 2004 presidential campaign. It will be remembered that in 2002, Arroyo announced that she will not run for president in 2004. As history reveals, she changed her mind. Evidently, Robredo’s superficial denial of having any interest in the presidency betrays her lack of awareness of the political history of the Philippines, a deficiency that may have dire consequences for the nation. Robredo’s other excuse —that she is too busy with her work—is hogwash. The sole job of the vice president is to wait for the president to vacate the presidency. How a job like that can make Robredo too busy with her work is baffling, if not highly suspicious.

SATURDAY, NOVEMBER 11, 2017

mst.daydesk@gmail.com

My take on the De Lima decision THE Supreme Court Decision in De Lima v. Guerrero, et. al. (G.R. SP No. 229781; October 10, 2017) will certainly be studied by generations of law students to come for its nuances as a classic example of a political decision. Without doubt, the voting of the Supreme Court plainly reflects political lines in terms of who appointed the justices. We are here talking about the same basic legal principles in criminal procedure and constitutional law learned by the justices in the same law schools. And yet, the division in opinion is uncannily split right down the middle between Aquino appointees as dissenting justices, on the one hand, and Arroyo and Duterte appointees on the other. The only exception is Justice Antonio Carpio, an Arroyo appointee who voted with the minority justices appointed by Aquino. A full en banc decision where the voting is almost evenly split, especially

along lines of who the appointing authority is, most likely deals with a political case, and the eventual decision reached a political one. The Court’s decision in the case of De Lima is no different. When basic questions of law raised can be decided on the basis of the same legal principles that all court magistrates have learned and studied in law school, and yet are decided upon with polar opposites as the outcome, there is a problem with either how the law is taught in our law schools, or how the Supreme Court is not isolated from the political conditions that influence their interpretation of the law. This is the very nature of Supreme Court decisions on political cases. When 15 of the most learned and experienced justices of the land give two conflicting interpretations of the law on questions that any law graduate is expected to answer correctly in the bar exam, it is fair to say that the decision reached is not entirely disinfected of the prevailing political atmosphere. It is either that, or half of the justices of the Supreme Court might have to retake the bar exams all over again. Because if De

Lima’s case was a part of the bar exams, only one side of an almost evenly divided Court could have answered the question correctly, and the other half would have failed the exams. Ironically, not only the whole Court is divided on the De Lima case, but also the majority who decided against De Lima, at least on the issue of what crime the Information actually charges her with. Five justices of the majority say it is Illegal Drug Trading (Section 5 of Republic Act No. 9165). Three justices say it is Conspiracy to Commit Drug Trading (Section 26 (b) of the same law). One justice says it is the first, but four paragraphs later he says it is the second. The Rules of Court provide that this cannot be. The nine justices comprising the majority of the Supreme Court in the De Lima case cannot say that they can choose from among two crimes that appear to be charged in one and the same Information, with five justices voting for one and three others voting for another, and yet another one picking both. They are not free to pick whatever crime they think is charged in the Information because there

can only be one charge in one Information. It cannot be both Illegal Drug Trading, as maintained by five justices, and Conspiracy to Commit Drug Trading, as separately opined by three others. No two crimes can be charged in the same information without violating the rule against charging multiple offenses in one and the same information. Of course, this is the basic argument of Senator De Lima in her Motion for Reconsideration. The split opinion of the majority in a split Decision of the Court on what crime the Information actually charges her with only goes to show that the Information ought to have been nullified by the Court due to its vagueness, the warrant of arrest issued on its basis voided, and Senator De Lima ordered released. Basic legal principles in criminal procedure provide that the Information must be sufficient to clearly identify the crime charged and the acts allegedly committed by the accused that satisfy the elements of said crime. This is because whether or not this is accomplished properly affects the constitutional right of the accused

to be informed of the nature and cause of the accusation against her. Thus, the notice to the accused of the criminal accusation against her (in legal parlance, this takes the form of an “Information”), must be plainly understood by an ordinary reasonable man or woman. The law assumes that the accused is not a lawyer, and that she must therefore know what she is being accused of in layman’s terms. Failing this test, the Information is void for being vague. In the effort of the majority of the Court to affirm the validity of the Information, they themselves showed that it is null and void for being vague, since not even they can agree among themselves on what is actually the crime charged in the Information. If the nine justices cannot even agree among themselves on the simple matter of what crime is charged in one and the same Information, whether it is Illegal Drug Trading, or Conspiracy to Commit Drug Trading, then the Information is patently void, as concluded by dissenting Justices Antonio Carpio and Benjamin Caguioa. (To be continued on Tuesday)

Harvey Weinstein and the end of self-silencing By Cass R. Sunstein THE continuing revelations about Harvey Weinstein tell us something important about sexual harassment and sexual violence, and also about civil-rights movements and social change more broadly. In brief: Because of social norms, people often shut up. Even if they are humiliated, hurt or angry, they will not say a word. It is only when norms start to shift that people feel free to disclose what they have experienced, and to say what they think. Once they are unleashed, social upheaval can result. But it is hard or even impossible to predict whether that will happen—and what form it will take. I learned something about self-silencing and sexual harassment in the late 1980s, when I was a visiting professor at Columbia Law School. In the hallway near my office, a law student (female) was speaking to an older law professor (male). To my astonishment, the professor was stroking the student’s hair. I thought I glimpsed a grimace on her face—a quick flash. When he left, I said to her: “That was completely inappropriate. He shouldn’t have done that.” Her response was dismiss-

Isolating... From A4

This explains why the so-called healing rally was attended by prominent antiDuterte personalities coming from the same political spectrum led by the hallucinating yellow opposition, corrupt Liberal Party and the ever opportunistic Left. Even the not-so-politicized public was able to readily identify them as anti-Duterte for the fact that they all raise the same issue. The presence of political personalities as Franklin Drilon, Bam Aquino, Neri Colmenares, Teddy Casiño and former presidential spokesperson Edwin Lacierda was more than enough to tell who they are. The crux about the position taken by these hapless hypocrites in castigating the administration is it contravenes the very problem which the society wants to eradicate. Nobody wants to commit extrajudicial killings or violate human rights, but the use of illegal drugs which has become pervasive that those en-

ive: “It’s fine. It’s really not a problem.” Thirty minutes later, I heard a knock on my door. It was the student. She was in tears. She said: “He does this all the time. It’s horrible. My boyfriend thinks I should make a formal complaint, but I don’t want to do that. Please—I don’t want to make a fuss. Do not talk to him about it and do not tell anyone.” After hearing my little comment, the student was willing to tell me what she actually thought. But back then, the norm against making any kind of public complaint was apparently pretty firm—firm enough that she was unwilling to confront her harasser. In the past decades, of course, that norm has been greatly weakened. In some places, at least, victims have been unleashed, in the sense that they can disclose their experiences. But as shown by the length of time that it took for the accusations against Weinstein to come to light, there is still a taboo, in other places, against public complaints (partly for reasons brilliantly explored by the writer and actress Brit Marling). In these circumstances, “norm entrepreneurs”— people who are willing to speak out and try to change

the norm—can be crucial. It helps if they’re famous. But sheer numbers can be enough. Eventually there can be a social cascade, as people are influenced by the thoughts and deeds of others, so that what was once silence is replaced by a loud and continuing cry: #MeToo. That is what we’re observing for sexual harassment and assault, but similar processes have occurred in countless domains. As late as 2007, it might have seemed preposterous to predict that, within a decade, numerous states would recognize same-sex marriages, let alone that the Supreme Court would require all states to do so. But that happened, above all, for one reason: Many gays and lesbians came out of the closet. When faced with one’s own son or daughter—or neighbors, colleagues and heroes—it became much harder to be homophobic or to support bans on same-sex marriage. When norms shift, so that people stop silencing themselves, injustice and cruelty can be exposed, and societies can advance. But sometimes the opposite can occur. Self-silencing is often a product of norms that hold societies together— and that help to prevent terrible things, even horrors.

Changes in social norms can liberate malignant human impulses as well. For example, Adolf Hitler could be characterized as a norm entrepreneur early in his rise to power, when he helped free people to express anti-Semitic sentiments and encouraged them to do so. Some contemporary leaders in Europe are pushing to loosen norms that suppress various forms of racial, religious and ethnic hatred. In the United States, both the right and the left are now feeling silenced. A recent report from the Cato Institute finds that 58 percent of Americans believe that the political climate stops them from saying what they really think. Revealingly, the number is higher among Republicans (73 percent) than among Democrats (53 percent). In this light, it should not have surprised anyone that in the 2016 elections, Republicans did far better than pollsters projected. Many of those who supported Republican candidates, and Donald Trump in particular, were silently simmering. In voting booths, they could express views they may have felt reluctant to talk about openly. Seen in this light, Trump’s repeated denunciations of

“political correctness” have been an ingenious strategy. He is signaling that a lot of people are being pressured to shut up about their actual beliefs—which, he believes, often overlap with his own. He’s trying to relax existing norms and to give people a kind of permission slip. To some extent, he is succeeding. Regrettably, some leftleaning people on college campuses have worked to weaken norms in favor of freedom of speech, unleashing students to call for suppression of speakers whose views they abhor. In well-functioning societies, healthy norms promote freedom of many different kinds, and they can be both precious and fragile. All social movements are different, of course, but changes in social norms, and various forms of unleashing, help account for the collapse of Communism; the rise of disability rights; the fall of authoritarianism in parts of North Africa; and the antismoking movement. They also account for McCarthyism and the recent increase in xenophobia. Ours is an era of unleashing—for better or worse. Buckle your seatbelts: A lot of people are in for a rocky ride. Bloomberg

gaged in the manufacture, importation, sale and distribution of illegal drugs have become punitive that imposing higher penalties has become illusory. Paradoxically, for anyone to take a soft stand against this menace that is ripping apart the rubrics of our society is to condone the spread of illegal drugs. One cannot make himself an objective observer on the issue, for even if he is not directly affected, it is his society that is being destroyed. Human rights violation is a political issue, no doubt. It comes in various forms, and violation of human rights happens when the government allows the perpetuation of an extremely unequal society resulting in poverty, hunger, malnutrition, disease, ignorance and deprivation in the basic needs for human survival. It is this depressing situation where the Church has consistently and systematically violated because God created men not to be deprived of their basic needs which He himself created. Poverty is man-made just as human rights violation. But as we see it today, the

Church has opted to side itself with the oligarchs, the elite, the landlords and with a foreign power that continue to meddle in our internal affairs under the pretext of protecting human rights. It is this fact about the stand of the Church that gained for it the notoriety as a class that thrives on poverty. The Church knows that where there is poverty, there is ignorance. Without poverty created by society, people would see less value for priests like Archbishop Villegas. With the advent of computer technology where the social media was subsequently invented, people managed to express their sentiment directly through that network which is sometimes called alternative media. The advent of social media outlets such as Facebook, Twitter, Google, etc. now pose as the greatest threat to the corporate monopoly of the mass media. People are now able to effectively present their suggestions which inextricably led to the gradual death of the tri-media: radio, television and newspapers. The

social or alternative media is not only a competition in business, as capitalists eating their own kind, but one that is engaged in a different way to disseminate information with the people themselves moulding and shaping their own opinion on every given issue. We mention this because it is in this remaining bunker where the oligarchs, the elite, the landlords, and the Church thought would allow them to continue in promoting their bogus democracy touted as freedom of the press and of expression. The Church and its allies from the oligarchy and the Left believe that through their controlled mainstream media, they can still project that phantom of representing the majority. The people, no matter how discordant their views on issues, remain credible because of their endorsement of this pro-poor administration vis-a-vis in condemning the extravagance of the rich. The Church cannot set itself apart from this reality. The issue about extrajudicial killings and human rights violation are issues they never raised when its allies

were in power. They waited until after the Duterte administration came to power. Unfortunately, President Duterte’s appointed Presidential Spokesperson Harry Roque immediately lectured his subordinate about the so-called “value of mainstream media to government and society.” Roque is completely ignorant of what is going on. He forgot that the mainstream media despite losing much of its steam has long been appropriated by the oligarchy and the moneyed class. There is no way Roque can convince the mainstream media to side with Duterte because the issue is not about the idealism of justice or about that self-serving claim that they represent the majority which is a falsity, but a war fighting for their own class interest. It may sound a bit Marxist, but the mainstream media is defending their class interest, of their corporate owners which succeeded in reducing Left as their barking mascot. The Church, sadly enough, chose to float in the heavens of hallucination. (rpkapunan@gmail.com)

CYAN MAGENTA YELLOW BLACK Manila

StandardENERGY Republic of the Philippines REGULATORY COMMISSION TODAY

San Miguel Avenue, Pasig City

IN THE MATTER OF THE APPLICATION FOR APPROVAL OF THE FEED-IN TARIFF ALLOWANCE FOR CALENDAR YEAR 2018 PURSUANT TO THE GUIDELINES FOR THE COLLECTION OF THE FEED-IN TARIFF ALLOWANCE AND DISBURSEMENT OF THE FEED-IN TARIFF ALLOWANCE FUND, WITH PAYER FOR PROVISIONAL AUTHORITY, NATIONAL TRANSMISSION (TRANSCO),

Where:

DESCRIPTION ERC CASE NO. 2017-079 RC

CORPORATION

Applicant. x - - - - - - - - - - - - - - - - - - - - - -- -- - - - - - - - - - - - x

NOTICE OF PUBLIC HEARING TO ALL INTERESTED PARTIES: Notice is hereby given that on 30 August 2017, National Transmission Corporation (TRANSCO) filed an Application dated 24 August 2017 (Application) seeking the Commission’s approval of the Feed-in Tariff Allowance for Calendar Year 2018 pursuant to the Guidelines for the Collection of the Feed-in Tariff Allowance and Disbursement of the Feed-in Tariff Allowance Fund, with prayer for provisional authority. TRANSCO alleged the following in its Application:

TransCo is a government instrumentality created pursuant to Republic Act (R.A.) No. 9136, otherwise known as the Electric Power Industry Reform Act of 2001 (EPIRA), with principal office address at TransCo Main Building, Quezon Avenue corner BIR Road, Diliman, Quezon City, where it may be served with summons and other processes of this Honorable Commission. NATURE OF THE APPLICATION

This Application is being filed by Applicant TransCo in its capacity as FIT-All Fund Administrator tasked with the establishment, management/administration, and disbursement/settlement (thru the Trustee Bank) of the FIT-All Fund pursuant to ERC Resolution No. 15, Series of 2012 issued on 19 November 2012 and on the bases of relevant laws, rules, and regulations as will be discussed hereafter. On 16 December 2008, R.A. No. 9513 entitled “An Act Promoting the Development, Utilization and Commercialization of Renewable Energy Resources and for Other Purposes” (RE Law) was enacted to: (1) accelerate the exploration and development of renewable energy resources to achieve energy self-reliance by reducing the country’s dependence on fossil fuels and thereby minimize the country’s exposure to price fluctuations in the international markets; (2) increase the utilization of renewable energy by providing fiscal and non-fiscal incentives; (3) encourage the development and utilization of renewable energy resources as tools to effectively prevent or reduce harmful emissions and thereby balance the goals of economic growth and development with the protection of health and the environment; and (4) establish the necessary infrastructure and mechanism to carry out the mandates specified in the Act and other existing laws. To achieve these state policies, Section 7 of the RE Law mandates the establishment of a Feed-in Tariff System (FIT System) for electricity produced from wind, solar, ocean, run-of-river hydropower, and biomass. The FIT System is an incentive scheme that, among others, grants priority connections to the grid, priority purchase and transmission of, and payment for, electricity generated, and fixed tariff for a period not less than twelve (12) years to be determined by the Energy Regulatory Commission (ERC)1 for eligible Renewable Energy (RE) generation. On 12 July 2010, the ERC, in consultation with the National Renewable Energy Board (NREB) and other stakeholders, issued Resolution No. 16, Series of 2010 entitled Resolution Adopting the Feed-in Tariff Rules (FIT Rules) where it established, among others, the Feed-in Tariff (FIT) System, the method of establishing and approving the FIT and the Feed-in Tariff Allowance (FIT-All).

Under the FIT Rules, the FIT System guarantees all eligible renewable energy plants an entitlement to the applicable FITs for a period of twenty (20) years.2

Further, Section 2.2 ofthe FIT Rules provides that the ERe shall approve technologyspecific FITs based on such FITs to be recommended by the NREB. Accordingly, on 27 July 2012, the ERC issued its Decision in ERC Case No. 2011-006 and Resolution No. 10, Series of 2012 entitled “Resolution Approving the Feed-in Tariff Rates” where it approved the following initial FIT Rates:

ERCAPPROVED FIT RATES (PhP/kWh)

TECHNOLOGY

Forecast FIT Rate x,t+1

is FIT Rate, as degressed (if applicable) and adjusted for local inflation and foreign exchange (FOREX) as forecasted for year t+1, in PhP /kWh, that Eligible RE Plantxis forecasted to receive for each kWh delivered.

Forecast Cost Recovery

is the applicable Forecast Cost Recovery Rate to be implemented in Year t+1 for Eligible RE Plantx, in PhP kWh.

FD t-1 (over)/under

is the variance between the actual FIT Differential for year t-1 (Actual FD t-1) and the FIT Differential collected for year t-1 (Collected FD t-1). There is over recovery if Collected FD t-1> Actual FD t-1 and under recovery if Collected FD t-1 is < Actual FD t-1.

27. Alternatively, the formula in Paragraph 26 can be viewed or rewritten as: FD = TotalFITRevenue - TotalForecastCostRecoveryRevenue + FDt - 1,(over)/under

ERC-APPROVED DEGRESSION RATES

WIND

8.53

0.5% after year 2 from effectivity of FIT

BIOMASS

6.63

0.5% after year 2 from effectivity of FIT

SOLAR

9.68

6% after year 1 from effectivity of FIT

HYDRO

5.90

0.5% after year 2 from effectivity of FIT

On 27 March 2015, the ERe issued Resolution No. 06, series of 2015 entitled “Resolution Adopting the New Solar Feed-In Tariff Rate” setting a new Solar FIT Rate of PhP8.69/kWh (herein referred to as “Solar FIT 2”). The Solar FIT 2 was issued as a result of the revised installation target for solar energy generation from 50 MW to 500 MW and shall be applied to new Solar Plants that have been commissioned after the effectivity of said Resolution and until 15 March 2016. On 06 October 2015, the ERe likewise issued Resolution No. 14, series of 2015 also known as “Resolution Adopting the Wind Feed-in Tariff (Wind-FIT2) Rate” setting a new Wind FIT Rate of PhP7.40/kWh (herein referred to as “Wind FIT 2”). The Wind FIT 2 shall only be applied to three (3) wind power projects namely: San Lorenzo, Nabas, and Pililia Power Projects which have already commenced commercial operations as certified by the Department of Energy (DOE).

28. TransCo primarily used the most updated list of RE Projects that are projected to be eligible/ already eligible under the FIT System in 2014-2019 and forecast data as provided by the DOE7, TransCo likewise tapped its own database containing historical information and the available submissions of RE Developers on actual/forecast generation.8 Actual billing data invoiced to the FIT-All Fund up to May 2017 were used where available. 29. With the list from DOE which provides the best estimate of the timing of entry of Eligible RE Plants, TransCo aims to be able to adequately provide for the corresponding payout requirements. However, the list does not in any way give preemptive right to the identified projects to be counted under the final FIT -eligible projects or limit the payment of FITs to these projects,

16. For the 2018 FIT-All Rate, TransCo requested for a one month extension after the end of July 2017 within which to file its application to give it sufficient time to complete the pre-filing requirements. 17. The ERC, in its letter dated 08 August 2017, granted the said request and gave TransCo until 31 August 2017 to file the said Application. 18. Therefore, by and pursuant to the RE Law and Resolution No. 16 Series of 2010 (FIT Rules), as amended by Resolution No. 15 Series of 2012, in connection with the Guidelines and other pertinent laws, rules and regulations, the instant Application is submitted to the Honorable Commission for its due consideration of the herein applied for FIT-All Rate for the year 2018. FEED-IN TARIFF ALLOWANCE FOR 2018 19. TransCo has computed a FIT-All Rate of PhP/kWh 0.3305 for 2018, determined using the formula provided in Section 1.3 of the Guidelines, as follows: FIT-All =

FD + WCA + AA +DA FNS

DESCRIPTION FIT-All FD

is the Feed-in Tariff Allowance to be implemented in Year t+1 in PhP/kWh, as provided for in the FIT Rules and the Guidelines. is the estimated Total FIT Differential required for Year further described in Section 1.4.1 of the Guidelines.

WCA

t+1

in PhP, and as

is the estimated Working Capital Allowance required for Year t+1 in PhP, and as further described in Section 1.4.2 of the Guidelines.

is the Administration Allowance to be implemented in Year t+1 in PhP, and as further described in Section 1.4.3 of the Guidelines.

is the Disbursement Allowance to be implemented in Year t+1 in PhP, and as further described in Section 1.4.3 of the Guidelines.

FNS

is the Forecast National Sales, in kWh, to be applied for Year further described in Section 1.4.4.2 of thr Guidelines.

and as t+1

is the year the application for setting the FIT-All is filed with the ERC

t+1

is the year following t

20. Whenever Year t+1 (implementation year) is used in any formula in the present Application, the same shall refer to the year 2018. Correlatively, the Year t+2 whenever used in any formula in this Application shall refer to the year 2019. COMPONENTS OF THE FIT-ALL I.

Forecast National Sales

21. The Forecast National Sales (FNS) is the denominator in the FIT-All formula. The estimated level for 2018 is presented first since it is best to present the determined value of the other FITAll components in terms of PhP /kWh, where this FNS is the kilowatt-hours (kWh) denominator. 22. The FNS refers to an estimated total kilowatt-hours of electricity billed to consumers who are supplied with electricity in all On-Grid areas in the Philippines for a given year. 23. The FNS, in kWh, shall be equal to the latest available Electricity Sales as stated in the Philippine Power Statistics, excluding Utilities Own Use and Power Losses, or as otherwise certified by the DOE and as adjusted by the historical growth rate published for the immediately preceding three (3) years. 24. From the historical data sourced from the Philippine Power Statistics until 20165, TransCo computed for the compounded annual growth rate (CAGR) of Electricity Sales for a 3-year period using the formula:

Table 1. Forecast National Electricity Sales, kWh

2017 78,898,449,177 II.

2018 84,889,570,430

Total FIT Differential

26. The Total FIT Differential represents the difference between: (1) the forecast applicable FIT Rate for Year t+1 that each Eligible RE Plant is forecasted to receive for each kWh delivered, and (2) the forecast applicable cost recovery rate as determined under the Guidelines, multiplied by the projected annual energy generation from Eligible RE Plant for year t+1. In setting the FIT-All for Year t+1, the FIT Differential is represented by the following formula:

669,876

1,980,114

2,510,078

2,665,142

Wind

2,400,497

2,139,087

3,285,117

3,987,981

Total

4,295,615

5,900,094

9,502,482

12,006,217

12,060,632

58. FIT Differential for 2015-2017 generation charged to 2018 FIT-All Rate16. This pertains to energy generation for years 2015 to 2017 that are expected to be billed to TransCo for 2018. Section 4.5 of the RE Payment Agreement (REP A) provides that the Eligible RE Developer shall only start billing TransCo for FIT Differential upon the REPA’s effectivity. Where months have lapsed from the Commercial Operation Date (COD) until the Effective Date of REPA, the Actual FIT Differential shall be billed to TransCo over the number of months lapsed from COD to REP A Effective Date. 59. It is estimated that total FIT Differential for 2015, 2016 and 2017 generation, amounting to Php 163,683,780.93, Php 528,598,054.00 and Php 134,383,531.19, respectively, will be due in 2018. 60. FIT Differential. Following the formula for FD in Paragraph 27 (first two terms), the total FCRR in Table 7 is subtracted from the corresponding FIT Revenue in Table 4, on a per plant basis, and yields the following summary for 2014-2019: Table 8. FIT Differential (without under-recovery and accrued 2015-2017 FIT Differential), in Mn Pesos Technology

2012-2015

Biomass

935,652

Hydropower

223,903

Solar

821,430

Wind

3,918,670

Total

5,899,655

2016

2017

2,100,611

3,948,386

266,563

623,195

1,426,682

1,433,751

3,712,126

4,194,187

5,016,881

4,991,229

5,454,296

5,707,092

5,789,065

11,533,596

13,554,829

15,978,559

16,162,432

The 2019 levels are shown only for the purpose of computing the WCA which is discussed below. 61. The final FIT Differential for 2018 in P /kWh, inclusive of the under-recovery for 2017 and the accrued FIT-Differential for 2015-2017 generation charged to 2018, is as follows: Table 9.TotaI FIT Differential, in Pesos Particulars

Amount

P/kWh 0.1882 0.0019

2018 FIT Differential -2016 Gen

528,598,054.00

0.0062

35. No additional projects were considered in the 2018 to 2019 generation forecast consistent with the DOE List of FIT Eligible Renewable Energy Developer, given the review of the FIT system prior to any issuance of a new policy on the same.

2018 FIT Differential -2017 Gen

134,383,531.19

0.0016

8,668,804,005.77

0.1021

25,474,028,306.79

0.3001

Table 2. Forecast AnnuaI Renewable Energy GeneratIon, MWh Technology Biomass Hydropower

2012-2015

2016

2017

2018

2019

280,234

533,237

829,715

971,501

990,232 516,546

89,291

101,869

255,819

516,527

Solar

155,064

636,684

739,093

742,932

739,090

Wind

776,988

952,836

1,088,370

1,108,040

Total

1,301,576

2,224,626

2,912,998

3,339,000

3,353,907

2019

3,745,931

163,683,780.93

36. Based on the foregoing, the applicable Forecast Annual Renewable Energy Generation of Eligible RE Plants (kWh) for the years 2012-2015 (lumped), 2016, 201710 and 2018 are as follows:

2018

3,030,356

2018 FIT Differential -2015 Gen

2017 Under Recovery. Total

62. It is worthy to note that for the 12-month period June 2014 to May 2017, the average effective Actual Cost Recovery Rate as derived from the FIT-All Fund database is much lower than the Forecast Cost Recovery Rate used in the 2017 FIT-All Application following the formula in the FIT-All Guidelines. Thus, this contributed to the projected under-recovery shown earlier. Table 10. Effective ACRR Rate vs FCRR Rate Used in the 2017 FIT- All Application

II.2. Forecast Applicable FIT Rate and Forecast FIT Revenue 37. Forecast Applicable FIT Rate refers to the prevailing ERC approved and published schedule ofrates in PhP/kWh for each emerging renewable energy technology, as degressed by the relevant degression rates, if applicable, and adjusted for Consumer Price Index (CPI) and Foreign Exchange (FOREX), in accordance with Section 2.10 of the FIT Rules.11 38. Currently, the prevailing FIT Rates are based on ERC’s Decision dated 27 July 2012 in ERC Case No. 2011-006 RM, Resolution No.6 series of 2016 for Solar FIT 2, and Resolution No. 14 series of 2015 for Wind FIT 2. 39. TransCo has made its interpretation of Section 2.10 of the FIT Rules regarding adjustment of the FIT rates in the absence of a precedent approach from the ERC. At the same time, degression as provided in the decision under ERC Case No. 2011-006 RM was applied. 40. Basically, TransCo’s approach considered that on the year the eligible RE Plants enter the FIT system, its entitlement is to the original FIT rate, unless already degressed. Adjustment for inflation and foreign exchange movements is then applied on its second year in the FIT system and beyond.12

III. Working Capital Allowance 63. The WCA is part of the FIT-All and serves as buffer to address any default or delay in the collection and/or remittance of the FIT-All and/or Actual Cost Recovery Revenue (ACRR) including, but not limited to, the following: i.

Variations between the actual and forecasted (a) RE Generation from Eligible RE Plants resulting from overand under- generation, (b) Annual National Sales and (c) applicable Forecast Cost Recovery Rates and Actual Cost Recovery Revenues;

ll.

The timing difference of the collection and billing cycle for the FIT-All and Actual Cost Recovery Revenue; and, Any other collection or payment shortfall.

Ill.

64. The WCA amount for collection is expressed as:

41. The Total FIT Revenue appearing in the formula in Paragraph 27 was obtained by multiplying the Eligible RE generation per technology summarized in Table 2 by the corresponding appropriate FIT rates in Table 3. This was done on a per plant basis. For 2019, which is required only for the computation of the Working Capital Allowance that will later be discussed, the Adjusted FIT-rates for 2018 were used for simplicity of assumption. The resulting levels are given as:

WCAt+1

Is the Working Capital Allowance to be funded during Year t+1

Forecast Annual Payoutt+2

Is the projected amount of payables out ofthe FIT-All Fund for year t+2 consisting of forecasted Total FIT Revenues, forecasted Administration Allowance and forecasted Disbursement Allowance for Year t+2. The forecasted Total FIT Revenues for Year t+2 is the sum of the product of the Forecast RE Generation of Eligible RE Plantx for Yeart+2 multiplied by the appropriate FIT Ratex for Year t+2. The forecasted Administration Allowance for Yeart+2 is the Administration Allowance for Year t+1, less any non-recurring expenditures such as those relating to the initial filing of the FIT -All, adjusted for forecast CPI for Year t+2- The forecasted Disbursement Allowance for Year t+2 is the projected level of payment to the Trustee Bank in Year t+2.

WCA Ending Balancet

Is the ending balance of the Working Capital Allowance account in Yeart including any interest income earned in the WCA account and all other component accounts of the FIT-All Fund; if this is not available at the time of filing, the ending balance for the month immediately preceding the month of filing, subject to updating by the ERC of the actual ending balance of the WCA account in Year! if it shall become available prior to the issuance of its Decision on the FIT-All application.

Factor Rate

Is the factor rate approved by the ERC, upon recommendation of the NREB, reflective of funding requirements of the FIT-All Fund, adjusted by (i) a period factor based on the billing and collection cycle of the Collection Agents as described in the Guidelines; and (ii) the collection efficiencies of Collection Agents. Data for the initial year shall be sourced from PSALM for its collection of the Universal Charge. Data for succeeding years shall be based on FIT-All historical collection efficiency rate.

Table 4. TotaI FIT Revenue by Technology, in Mn Pesos Technology Biomass Hydropower Solar

2012-2015 1,857,981

2016

2017

2018

2019

3,544,711

5,778,615

7,151,440

7,422,175

526,815

603,356

1,582,221

3,374,267

3,381,405

1,419,306

5,692,240

6,704,265

7,682,023

7,642,438

Wind

6,319,167

7,593,383

8,992,209

9,777,046

Total

10,195,270

17,433,690

23,057,311

27,984,776

28,223,064

42. It is worthy to note that in the absence of ERC issuances on the matter, no adjustments of FIT rates have been applied for eligible RE plants for the years 2016 and 2017. Computation and actual payment of FIT revenues for actual generation in 2016 up to present have been based on unadjusted FIT rates. II.3. Forecast Cost Recovery Rate 43. Simply put, the Forecast Cost Recovery Rate (FCRR) is the projected generation rate that the Eligible RE Plant would likely receive had it not been under the FIT System. 44. Under Section 1.4.1.2 of the Guidelines, the manner by which the FCRR is forecasted and applied to a particular Eligible RE Plant shall be based on whether or not the Eligible RE Plant operates in a Grid where the Wholesale Electricity Spot Market (WESM) is operational or not.

46. The FCRR to be applied for Eligible RE Plants where WESM is non-operational (Mindanao) shall be the weighted average of the generation cost of the Host Distribution Utility (Host DU) from all its other generation sources, excluding generation from any Eligible RE PlantNon-WESM with a Renewable Energy Supply Agreement (RESA) with the Host DU, for the twelve (12) months immediately preceding the filing of the application for the setting of the FIT-All. 47. TransCo requested the Philippine Electricity Market Corporation (PEMC) for an update on the LWAP for the period June 2014 to May 2017 which the latter provided through a letter dated June 16, 201713. 48. Consequently, TransCo came up with the following thirty-six (36)-month averages for Luzon and Visayas:

Luzon 3.6506

Visayas 3.4013

49. For Mindanao, the following Host DUs were identified from the lineup of projects and their location: Host DU

Plant Name

RE Developer

Tudaya 2 Hydroelectric Power Project

HedcorTudaya, Inc.

COTABATO LIGHT

13.5 MW Biomass Power Plant Project

Lamsan Power Corporation

COTABATO LIGHT

3 MW Biomass Power Plant Project

Philippine Trade Center, Inc.

BUSECO

Manalo Fortich 1 HEP

Hedcor Bukidnon, Inc.

BUSECO

Manalo Fortich 2 HEP

Hedcor Bukidnon, Inc.

FIBECO

Kibawe Solar Power Project

Asian Green Energy Corporation

SOCOTECO I

Centrala Solar Power Project

NV Vogt Philippines Solar Energy One, Inc.

SUKELCO

3.5 GEEC MW Biomass Cogeneration System

Green Earth Enersource Corporation

51. FIBECO and SOCOTECO I submitted their Actual Weighted Average Generation Cost covering January 2016 to January 2017 and April 2016 to April 2017 Billing Months, respectively. TransCo then appended data up to May 2017 billing month which are available through the Host DUs submissions to TransCo for actual billing purposes. The resulting twelve (12)month Weighted Average Generation Cost for FIBECO and SOCOTECO I are PhP 4.7303/kWh and PhP 5.5160/kWh, respectively. 52. For the other possible Host DUs, TransCo has yet to receive the data that it requested. In the meantime, TransCo used figures from www.kuryente.org.

Table11. 2019 Forecast Cost Recovery Revenue and FIT Differential, in Mn Pesos Technology

FORECAST COST RECOVERY REVENUE

FIT DIFFERENTIAL

Biomass

3,473,789

3,948,386

Hydropower

1,947,653

1,433,751

Solar

2,651,209

4,991,229

Wind

3,987,981

5,789,065

Total

12,060,632

16,162,432

68. The projected AA for 2019 is estimated to be Php 9,815,451.0217. 69. For simplicity, the estimated trustee fee/ Disbursement Allowance for 2019 is set at the 2018 level of PhP1,136,493.58 as stated in Paragraph 81. 70. Combining the results and assumptions given in Paragraphs 67 to 69, the Forecast Annual Payout for 2019 is as follows: Table 12.2019 Forecast AnnuaI Payout in Pesos 2019

Forecast Cost Recovery Revenue

12,060,632,424

FIT Differential

16,162,431,576

Administration Allowance

9,815,451

Disbursement Allowance Forecast Annual Payout

1,136,494 28,234,015,945

73. Further, the Guidelines define the WCA Ending Balance to be the balance of the WCA component account for the immediately preceding month prior to the month of filing. However, TransCo deemed it best to project the level up to year-end 2017 for a more realistic determination. Given the deficiency in the fund balance to address even the FD to date, the WCA in fact has no balance. Truth to tell, the amounts TransCo uses to augment the ACRR remittance of PEMC and pay the Interest Expense billed by Eligible RE Developers, constitute negative fund balance. TransCo has estimated a WCA Ending Balance of -PhP 600,679,190.0319, which represents the projected deficiency for ACRR and estimated accrued interest until end of 2017. 74. However, given that the WCA sub-account has considerably not been funded or established over the years due to the deficit, TransCo opines that establishing the WCA from scratch without consideration of an adjustment for prior period’s ending balance, will conceptually suffice in setting the buffer requirement. As such, TransCo proposes not to consider the amount of PhP 600,679,190.03 or PhP 0.0071/kWh as an addition to the WCA for 2018, given the subtraction of a negative number in the WCA formula. In other words, TransCo is proposing to set the WCA Ending Balance term for this Application to zero (0). 75. From the given information, the combined buffer required for 2018, which is equivalent to the 2019 fund requirement multiplied by the Factor Rate less the WCA ending balance, is PhP 2,573,633,043.18, derived as: Table 13. Determination ofWCA., in Pesos Technology

2018

2019

Forecast Annual Payout

Weighted Average Generation Cost

Data Source

DASURECO

4.6627

FIT-All Fund ACRR Payment of DASURECO

COTABATO LIGHT

2.8784

kuryente.org

BUSECO

3.7339

kuryente.org

FIBECO

4.7303

ACRR Rate from Host DU

SOCOTECO I

5.5160

ACRR Rate from Host DU

SUKELCO

3.7456

kuryente.org

2017

9.1154%

Equals: Portion of Annual Payout Less: WCA Ending Balance (Year n) Working Capital Allowance WCA, Php/kWh

2,573,633,043 2,573,633,043 0.0303

76. The table above provides the corresponding PhP /kWh level of the WCA for 2018, which is PhP /kWh 0.0303.

Table 7. Total Forecast Cost Revenue by Technology, in Mn Pesos 2016

28,234,015,945

x Factor Rate

54. Multiplying the forecast eligible RE Generation summarized in Table 2 by the appropriate FCRRs (done on a per plant and per month basis) gives the following total FCRR in pesos:

2012-2015

67. Summarizing Table 7 and Table 8, we have the following inputs in computing the Forecast Annual Payout for 2018:

72. Pursuant to the Guidelines, the NREB recommended a formula for the Factor Rate in the 2014-2015 FIT -All Application. Using the same formula for this Application but with updated inputs, a factor rate of 9.1154%,18 was derived.

50. TransCo used the twelve (12}-month average of the Actual Weighted Average Generation Cost of DASURECO, calculated at PhP 4.6627/kWh, which covered the period June 2016 to May 2017. Data were lifted from the monthly submission to TransCo of DASURECO as Host DU for Tudaya 2.

Technology

66. For the purpose of computing the WCA, the FCRRs used by TransCo for 2019 were set at the same level as the 2018. The same holds for the FIT Rates.

71. The Guidelines further provide the use of a Factor Rate that will be multiplied to the Forecast Annual Payout for 2019.

DASURECO

Host DU

65. From the foregoing, it may be gleaned that an initial Forecast Annual Payout for the year 2019 needs to be determined since it is envisioned that buffer requirements for the following year should be collected and built up during the current year. Hence, aside from the 2018 levels for Forecast Cost Recovery Revenue, FD, AA and DA, the 2019 projected levels were also established.

Technology

Table 5. Average LWAP, PhP/kWh

Table 6. FCRR for Host DUs, PhP/kWh

25. TransCo computed the projected 2017 level by increasing the historical 2016 level by the computed CAGR (2014-2016). Then, TransCo again computed for the rolling 3-year CAGR and so on.6 TransCo came up with the following Forecast National Electricity Sales for 2017-2018:

2,651,209

Solar

34. Regarding Solar plants, a total capacity of 526.4 MW was covered due to the commercial and technical indivisibility of projects.

53. Here is a summary of the FCRR14:

Where: V (to) = start value V (tn) = finish value = number of years tn-to

1,947,653

15,978,558,934.90

45. Where WESM is operational, the FCRR for the Eligible RE Plant shall be equivalent to the average of the monthly system Ex-Ante Load Weighted Average Price (L W AP) of the WESM for the Luzon and the Visayas Grids for the thirty-six (36) months immediately preceding the filing of the application for the setting ofthe FIT-All.

Where:

3,473,789

1,947,585

2018 FIT Differential -2018 Gen

12. The imposition, collection, and disbursement of the FIT-All is further covered by the “Guidelines on the Collection of the Feed-in Tariff Allowance (FIT-All) and the Disbursement of the FIT-All Fund” (Guidelines) issued and approved by the ERC in its Resolution No. 24 dated 16 December 2013.

15. On 01 December 2016, TransCo filed the application for 2017 FIT-All Rate, which is currently pending ERC’s approval.

3,405,509

959,026

57. By the end of the billing and payment cycle for 2017, it is estimated that the FIT-All Fund will have a deficit of Php 8,668,804,005.7715 in terms of collection vis-a-vis payables.

33. TransCo limited the determination ofthe FIT-All rate to include only Eligible/Projected Eligible RE capacities up to the installation targets set by the DOE as follows: 500 MW for Solar up to March 15, 2016; and 400 MW for Wind after the RE Law of 2008 and 33 MW for preRE Law plants. For FIT-Eligible Biomass, only 144.69MW was considered and for Hydro, 107.89 MW, following the DOE letter dated May 15, 2017.

11. On 19 November 2012, the ERC issued Resolution No. 15, Series of 2012, designating TransCo as the FIT-AIl Fund Administrator tasked with the establishment, management/ administration, and disbursement/settlement (thru the Trustee Bank) ofthe FIT-All Fund.

14. On 18 December 2015, TransCo filed the application for the 2016 FIT-All Rate4. Correspondingly, on 16 February 2016, the ERC granted TransCo’s application for Provisional Authority to implement a 2016 FIT-All rate of PhP/kWh 0.1240 which was implemented starting the April 2016 billing period. On 09 May 2017, the ERC approved the 2016 FIT-All Rate of Php/kWh 0.1830 effective on the succeeding billing period following the receipt of the decision by TransCo, which was 18 May 2017. Thus, the 2016 FIT-All Rate was implemented starting June 2017 Billing Period.

2,748,260

336,793

56. The under-recovery results from the fact that the estimated collection for 2017 is less than the estimated amount of payables that will be billed to TransCo by Eligible RE Developers until the last billing month of 2017. TransCo prepared the estimates under the assumption that the provisionally approved FIT-All rate of P0.1830/kWh will prevail until the last billing month of 2017.

31. For some Biomass plants, TransCo followed the monthly projection provided by DOE (See Annexes “D-40” to “D-40A”). On the other hand, for Solar, Biomass, and Hydro plants without forecast submission, TransCo generally followed the annual projection from DOE and applied the monthly seasonality indices9 used in the 2017 FIT-All Rate Application in determining the monthly generation forecast.

10. The FIT-All, on the other hand, is a uniform charge (in PhP /kWh) billed to all ongrid electricity consumers who are supplied with electricity through the distribution or transmission network. The FIT-All shall be established and set by the ERC on an annual basis and taking into account the following: the forecasted annual required revenue of the Eligible RE Plants; previous year’s over or under recoveries; administration costs; forecasted annual electricity sales; and, such other relevant factors to ensure that no stakeholder is allocated with additional risks in the implementation of the FITs.3

13. Under the FIT-All Guidelines, TransCo has to make an annual determination ofthe FITAll rate and file its application with the ERC not later than end of July of each year for the FIT-All rate that will be implemented for the following year.

1,444,100

302,913

55. 2017 Under-recoveries. The last term in the formula for FIT Differential is the amount of under-recovery or over-recovery of the FIT Differential. For this Application, TransCo has determined that there will be an under-recovered FIT Differential by the end of 2017.

30. For those Eligible RE Developers already billing the FIT-All Fund, TransCo generally adopted their 2016 to 2019 energy generation forecast submissions, (See Annexes “D” to “D-39” ,)

32. Starting 2018, no additional projects were included in the list of projects submitted by DOE, consistent with its thrust to have a review of policy after the first three (3) years of FIT implementation. As such, the determination of 2019 annual payout requirement in connection with the WCA level setting was computed based on the 2017 line-up of FITEligible RE projects.

922,329

Hydropower

Similarly as for the FIT rates, the 2018 FCRRs were adopted for 2019 since these are merely intended for the determination of the Working Capital Allowance, a buffer fund, as discussed below.

is the Forecast RE Generation of Eligible RE Plantx (in kWh),

II.1. Forecast Annual Renewable Energy Generation

THE APPLICANT 1.

Forecast Gen x,t+1

Biomass

2018

2019

IV. Administration and Disbursement Allowance 77. As provided for in Section 2.5 of the FIT Rules, the FIT- All shall also take into account the Applicant’s administration costs to defray expenses of the Administrator in connection with the performance of its functions as FIT-All Fund Administrator (Administration Allowance). 78. For the year 2018, TransCo proposes an Administration Allowance of PhP 9,962,472.96 as shown in Annex “T”.

CYAN MAGENTA YELLOW BLACK

News

CYAN MAGENTA YELLOW BLACK

79. A similar fee may be imposed by the designated Trustee of the FIT All Fund in accordance with the Trust Agreement approved by the ERC to defray standard administrative costs in establishing and managing the actual collection and disbursements of the FIT-All Fund and all other monetary collections authorized by the FIT Rules (Disbursement Allowance). 80. From the Trust Agreement entered into by Land Bank of the Philippines (LBP)-Trust and TransCo on 03 March 201520 and subsequently approved by the ERC, TransCo shall pay a fixed fee of P720,000 per annum plus some variable components. 81. Based on TransCo’s estimates of fund balances which will be the major basis of the variable component that is the Bangko Sentral ng Pilipinas Supervision Fee, the Disbursement Allowance or the service fee of LBP for 2018 is PhP 1,136,493.58.21 V.

FIT-ALL RATE FOR 2018

82. Applying the above components to the formula for FIT-All, we have the following, in PhP /kWh:

FIT-All

Govt, private workers to get bigger bonuses

FD + WCA + AA +DA FNS

By Macon Ramos-Araneta

= =

0.3001 + 0.0303 + 0.0001 + 0.00001 0.3305

ORKERS from both public and private sectors will be getting bigger 13th month pay and yearend bonuses because of the law that raised the tax exemption cap of bonuses and beneﬁts, said Senator Sonny Angara.

83. In more detail, the components and result of the FIT-All calculation may be summarized in the following table: Table 15. Summary of 2018 FIT-All Rate Computation Components

Amount (Php)

FD 2018 FIT Differential -2018 Gen 2018 FIT Differential -2015 Gen 2018 FIT Differential -2016 Gen 2018 FIT Differential -2017 Gen 2017 Under Recovery

Rate (P/kWh)

25,474,028,307 15,978,558,935 163,683,781 528,598,054 134,383,531 8,668,804,006

0.3001 0.1882 0.0019 0.0062 0.0016 0.1021

90.79% 56.95% 0.58% 1.88% 0.48% 30.90%

WCA

2,573,633,043

0.0303

9.17%

9,962,473

0.001

0.04%

1,136,494

0.0001

0.00%

Total FNS, kWh

28,058,760,317 84,889,570,430

FIT-All, Php/kWh

0.3305

84. However, TransCo would like to present some additional computations that show the estimated 2018 FIT-All at different categories of FIT-eligible/-candidate RE Projects: Table 16. Incremental Movement of the 2018 FIT-All for Different RE Plant/Project Categories (as of July 5,2017)

SATURDAY, NOVEMBER 11, 2017 Manila sports_mstandard@yahoo.com Standard TODAY

Pursuant to Republic Act 10653, the 13th month pay and other benefits, including productivity incentives and Christmas bonuses, are exempted from tax if they do not exceed P82,000. Before RA 10653 was signed into law in 2015, only bonuses not exceeding P30,000 were tax-exempt.

Angara, who sponsored such law, commended the Department of Budget and Management for its recent announcement that government employees will receive their 14th month pay and P5,000 cash gift next week. The 13th month pay was already given in full last May. “Because of this law,

the 13th and 14th month pay and the other benefits of almost all government workers will not be deducted with taxes,” said Angara. “Due to the bonus sa bonus, their take-home pay would be bigger,” said Angara, chairman of the ways and means committee. Based on the DBM’s latest government manpower information system database, there are 1.1 million filled positions in the government. Of the 1.1 million, approximately 1 million or nearly all government employees may receive taxfree 14th month pay. They

are those with Salary Grade 18 and below or those with basic monthly salary of P38,000 and below. If the tax exemption cap of the 13th month pay and other bonuses was not amended, only about 86,000 government employees—those with Salary Grade 6 and below or with basic monthly salary of P14,000 and below—may enjoy tax-free bonuses. For private sector employees, the 13th month pay should be given not later than Dec. 24. It must be equivalent to onetwelfth (1/12) of the basic salary of an employee within a calendar year. The senator reminded

Capture, don’t kill poachers —Du30

Based on the above table of FIT-All calculation, attached as Annex “W” is a list ofRE Plants/Projects per category.22 85. TransCo has deemed it reasonable to give more weight to plants that have already been inspected by the DOE to have achieved at least 80% electromechanical completion. Further, under the Honorable Commission’s Decision in ERC Case No. 2014-109 RC23 limiting the forecast RE generation included in the computation of the FIT -All to those RE plants with Certificate of Endorsement (COE) for FIT eligibility from DOE, TransCo has opted to recommend and seek the Honorable Commission’s approval of a FIT-All rate lower than the total computed level of PhP /kWh 0.3305, considering project status. Inasmuch as there are only two (2) additional plants (total of 2.6MW) that have been issued a nomination for FIT eligibility by the DOE but have not yet been issued FITeligible Certificate of Compliance (COC) by the ERC, TransCo has considered at least the nomination by DOE for FIT eligibility as the criterion for its recommendation.

By John Paolo Bencito

86. The computed 2018 FIT-All rate covering RE Projects with at least nomination from the DOE as of 05 July 2017 for the FIT system is PhP /kWh 0.2932. These projects, have ongoing construction and have reached at least 80% electromechanical completion, thus, are almost sure to operate within the period under consideration, if not already operating to date. ALLEGATIONS IN SUPPORT OF THE PRAYER FOR PROVISIONAL AUTHORITY 87. TransCo repleads the foregoing allegations insofar as they may be applicable. 88. It is respectfully submitted that the computation of, as well as the data used by, TransCo are all in accordance with the FIT Rules and the Guidelines issued by the ERC. 89. On this basis, TransCo most respectfully moves for the immediate issuance of a “Provisional Authority” pursuant to Rule 14, Section 324 of the ERC Rules of Practice and Procedures to allow applicant TransCo to timely implement the FIT-All Rate of PhP /kWh 0.2932 effective January 2018 without prejudice to the final and actual rate pending the final disposition of its present Application. 90. The grant of a Provisional Authority will allow TransCo to perform its duties to make a timely payment of the FIT Rate to RE Developers to which they are entitled, thereby allowing their continued operations. 91. In support of the foregoing allegations in this Application, including those for the issuance of the provisional authority, TransCo hereby submits the Judicial Affidavit of Ms. Dinna O. Dizon, Manager of TransCo’s Compliance Monitoring Department (CMD).25 PRAYER WHEREFORE, premises considered, it is most respectfully prayed of this Honorable Commission that: a.

Pending hearing on the merits of the present Application, provisional authority to collect the FIT -ALL of PhP /kWh 0.2932 effective January 2018 billing period be issued;

The Collection Agents - DUs, RES, and NGCP - be directed to bill, collect and remit the FIT-All to the FIT-All Fund as provided in the FIT-All Guidelines;

PEMC and the Host DUs be directed to remit the ACRR to the FIT-All Fund as provided in the FIT-All Guidelines;

The Factor Rate resulting from an updating of inputs in the recommended formula by the NREB under the 2014-2015 FITAll Application (ERC Case No. 2014-109RC) be approved and applied in the computation of the WCA and the FIT-All Rate for 2018;

After due notice and hearing, a FIT -All Rate of PhP/kWh 0.2932 for 2018 computed for RE Projects with at least nomination from DOE for eligibility under the FIT system be approved; e.1. OR IN THE ALTERNATIVE, after due notice and hearing, a FIT-All Rate for 2018 based on new evidence presented at the trial but not available to the Applicant at the time of the filing of the present application be approved; and

TransCo be exempt from payment of permit/supervision fees, if any.

Other reliefs as may be just and equitable under the premises are likewise most respectfully prayed for. The Commission has set the Application for determination of compliance with the jurisdictional requirements, expository presentation, Pre-trial Conference, and presentation of evidence on the following dates and venues: DATE

TIME

VENUE

PARTICULARS

21 November 2017 (Tuesday)

1:00 P.M

ERC Mindanao Field Office Mintrade Bldg., Monteverde Ave. cor. Sales St., Davao City

Jurisdictional Hearing and Expository Presentation

28 November 2017 (Tuesday)

9:00 A.M.

ERC Visayas Field Office St. Mary’s Drive, Banilad, Cebu City

Expository Presentation

06 December 2017 (Wednesday)

10:00 A.M.

ERC Hearing Room 15th Floor, Pacific Center Building, San Miguel Avenue, Pasig City

Expository Presentation, Pre-trial Conference and Evidentiary Hearing

All persons who have an interest in the subject matter of the instant case may become a party by filing with the Commission a verified Petition to Intervene at least five (5) days prior to the initial hearing and subject to the requirements under Rule 9 of the 2006 Rules of Practice and Procedure, indicating therein the docket number and title of the case and stating the following: 1)

The petitioner’s name and address;

The nature of petitioner’s interest in the subject matter of the proceeding and the way and manner in which such interest is affected by the issues involved in the proceeding; and A statement of the relief desired.

All other persons who may want their views known to the Commission with respect to the subject matter of the case may file their Opposition or Comment thereon at any stage of the proceeding before Applicant rests its case, subject to the requirements under Rule 9 of the 2006 Rules of Practice and Procedure. No particular form of Opposition or Comment is required, but the document, letter, or writing should contain the following: 1)

The name and address of such person;

A concise statement of the Opposition or Comment; and

The grounds relied upon.

All such persons who wish to have a copy of the Application may request from Applicant that they be furnished with the same prior to the date of the initial hearing. Applicant is hereby directed to furnish all those making such request with copies of the Application and their attachments, subject to the reimbursement of reasonable photocopying costs. Any such person may likewise examine the Application and other pertinent records filed with the Commission during the standard office hours. WITNESS, the Honorable Officer-in-Charge (OIC), Chairman and CEO ALFREDO J. NON, and the Honorable Commissioners GLORIA VICTORIA C. YAP-TARUC, and GERONIMO D. STA. ANA, Energy Regulatory Commission, this 6th day of October 2017 in Pasig City. FOR AND BY AUTHORITY OF THE COMMISSION:

1 2 3 4 5 6 7 8

10 11 12 13 14

17 18 19 20 21 22 23 24

JOSEFINA PATRICIA A. MAGPALE-ASIRIT Oversight Commissioner for Legal

See Section 5, RE Law IRR. Section 4, FIT Rules. Section 2.5, FIT Rules. Docketed as ERC Case No. 2015-216 RC The DOE e-mail dated 10 May 2017 providing for the Electricity and Sales Consumption, in MWh for years 2003 to 2016 is attached hereto as Annex “A” to “A-1” to form an integral part hereof. The FNS computation for 2017-2018 is attached hereto as Annex “8” to form an integral part hereof. The DOE letter dated 15 May 2017 providing “Updated List of Renewahle Energy (REl Projects under the Feed-In-Tariff System (FIT) for filing of the 2018 FIT-All Rate Petition”, including attachments, are attached hereto as Annexes “C” to “C-8” , to form integral parts hereof. The 2017 to 2019 energy forecast generation per eligihle RE Plant are summarized in the “List of FIT Eligible Renewable Energy Developer Generation Forecast” and its attachments marked hereto as Annexes “D” to”D-40A” to form an integral part hereof, Monthly Seasonality indices used in the 2017 FIT-All Rate Application hereto attached as Annex “E” The 2012 to 2017 levels are a mix of actual and forecast values. Section 1.4.1.1, Guidelines. Details of computation of the assumed adjusted FIT rates including the Peso per US Dollar Rate and Monthly Consumer Price Index are hereto attached as Annex “F”, “G”, and “H” and form integral parts hereof. The PEMe letter dated 16 June 2017 on the “Data on Load Weighted Average Price (LWAP) for Luzon and Visayas”, including its attachment hereto attached as Annexes “I” to “I-1” to form an integral part hereof. Printouts of DASURECO’s actual Monthly CRR Rate from June 2016 to May 2017, CLPC Effective Rate for Residential Customer for the period January 2014 to December 2014, SUKELCO Effective Rate for Residential Customer for the period January 2014 to December 2014, FIBECO Power Suppliers Generation Cost from May to December 2016 and January 2017 and applicable CRR Rate from February to May 2017 from TransCo FIT Administration Data, SOCOTECO I monthly generation cost from May 2016 to April 25, 2017 submitted thru its letter dated May 17, 2017 and applicable CRR Rate for May 2017 from TransCo FIT Administration Data, BUSECO Effective Rate for Residential Customer for the period March 2014 to February 2015 from the website WW’W.kuryente.org are attached hereto as Annexes “J “to J-12”, “K” to K-11”, “L” to “L-11”, “M” to ‘’’M-7’’, “N” to “N-3”, and “0” to “0-11”, respectively, to form integral parts hereof. Table showing the details of computation of the 2017 FIT Differential deficiency is hereto attached as Annex “P” and made an integral part hereof. “Summary of 2015- 2017 FIT Differential charged to 2017 FIT-All Rate Computation is shown as “Annex Q” to form an integral part hereof. Projected Administration Allowance for years 2018 and 2019 is hereto attached as Annex T to form integral part hereof 2018 Factor Rate computation using the formula recommended by NREB in its Resolution NO.3 Series of 2014 is attached hereto as Annex “R” to form an integral part hereof. 2017 Estimated WCA-Ending Balance determined s of 2014 is attached hereto as Annex “S” to form an integral part hereof. Copy of the Trust Agreement dated 03 March 2015 is hereto attached as Annex “U” to “U-24” and made an integral part hereof. Details of computation of the proposed DA is hereto attached as Annex “V” and made an integral part hereof. List of FIT-Eligible/Potentially Eligible RE Plants as of July 5,2017 is hereto attached as Annex “W” In the Matter of the Application for Approval of the Feed-In Tariff Allowance for Calendar Years 2014 and 2015 Pursuant to the Guidelines for the Collection ofthe Feed-In Tariff Allowance and Disbursement of the Feed-In Tariff Allowance Fund, with Prayer for Provisional Authority Section 3. Action on the Motion. - Motions for provisional authority or interim relief may be acted upon with or without hearing. The Commission shall act on the motion on the basis of the allegations of the application or petition and supporting documents and other evidences (sic) that applicant or petitioner has submitted and the comments or opposition filed by any interested person, if there be any.” A copy of the Judicial Affidavit of Ms. Dinna O. Dizon is attached hereto as Annex “X” to form an integral part hereof. (MS-NOV. 4/11, 2017)

CYAN MAGENTA YELLOW BLACK

employers that they must pay their rank-and-file employees a 13th month pay regardless of the nature of their employment and whatever the method their wages are paid, provided they worked for at least one month during a calendar year. “It’s not only the regular employees that should get 13th month pay. Even contractual, casual, fixed term, probationary, seasonal employees should also receive them under the Labor Code,” said Angara, who is also pushing for the passage of a bill that will lower the income tax rates of 99 percent of Filipino taxpayers.

ALTERNATE BUS. A double decker Point to Point (P2P) bus such as this one to be provided by the MMDA that will traverse Edsa will be used when the MRT experiences mechanical trouble. Manny Palmero

DAR told to distribute land certificates By Rio N. Araja PRESIDENT Rodrigo Duterte has ordered the Department of Agrarian Reform to provide beneficiaries of the Comprehensive Agrarian Reform Program with individual certificates of land ownership, instead of collective CLOAs, an agency official said Friday. Undersecretary for Field Operations Karlo Bello said apart from expediting the processing and release of land titles, the President directed DAR officials to release individual land titles and boost the provision of support services to help farmer-beneficiaries develop their awarded lands. “President Duterte wants in-

dividual titling of lands for our beneficiaries, not the collective CLOAs,” he said. The Office of the President designated Bello to take over DAR while acting Secretary Rosalinda Bistoyong is on an official trip abroad. Over the week, Bello led the second round of distribution of CLOAs to 1,652 agrarian reform beneficiaries covering a total land area of 937 hectares in Abra, Apayao, Benguet, Ifugao, Kalinga and Mt. Province in the Cordillera Autonomous Region. On Nov. 9, Bistoyong facilitated the first day of distribution of titles in Baguio City. “I am very happy to be part of this event in your lives. You finally own the lands you’ve been waiting

for through the years of toiling and taking care of it. Nobody deserves it better than you and you should make it more productive now,” Bello said. “DAR is doing its best to deliver the best service to the farmers. We are now gathering farmers’ concerns and issues,” he added. Among the concerns being considered by DAR includes the requirements from the Land Bank of the Philippines, the Register of Deeds and other concerned government offices. “We are looking at the causes of the delays in the processing and studying effective schemes to smoothen the operations and coordination of various government offices,” Bello said.

DA NANG, Vietnam—The country’s security forces protecting our maritime borders should always move to capture poachers and not kill them, President Rodrigo Duterte said as he expressed regret over the deaths of two Vietnamese fishermen recently. “I repeat, this is for everybody’s guidance. You have to capture. If you cannot capture the poachers, you may pursue them but you have the limit of the international waters, then the boundaries would come into effect,” the President said. The President insisted that under Philippine laws, one cannot kill a person and authorities could only use force if there is a danger of any victim getting killed during the robbery. “But if the thief would run away and you have his back turned against you, we do not have any right at all to kill a human being because according to our courts, Supreme Court said that human life is more valuable than the thing that’s being carried away,” he said. Duterte recently met with Vietnamese President Tran Dai Quang, whom he personally assured “that the machinery of justice is working.” Duterte, however, raised the possibility that Philippine authorities might have erred that led to the deaths of two Vietnamese fishermen who were killed by naval personnel last September.

Bill penalizing discrimination in all forms okayed By Maricel V. Cruz A PANEL in the House of Representatives has approved a substitute bill seeking to prohibit acts of discrimination such as involving distinction, exclusion, restriction or preference based on race, color, descent or national or ethnic origin, religion, or religious affiliation. This came after the House of Representatives’ committee on appropriations, chaired by Rep. Karlo Alexei Nograles of Davao City, recommended for plenary approval the substitute bill after amending the funding provision of the measure. The substitute bill provides that the chairperson of the Commission on Human Rights shall include in the CHR’s program the implemen-

tation of the Act, the initial funding of which shall be charged against the current CHR budget. Thereafter, the amount necessary for the continued implementation of the Act shall be included in the annual General Appropriations Act, the bill noted. The unnumbered bill titled “Anti-Racial, Ethnic and Religious Discrimination Act” substituted House Bills 491, 576, 3468 and 3895 authored by Reps. Sitti Djalia Turabin-Hataman, Jose Panganiban, Shernee Abubakar Tan and Evelina Escudero, respectively. The committee on human rights, chaired by Rep. Cheryl DelosoMontalla of Zambales endorsed the bill to the appropriations committee. Deloso-Montalla said the measure in

general seeks to promote a society that values the dignity of every human person and guarantees full respect for human rights regardless of race, ethnicity, and religion. “The bill is also the fulfilment of our international commitment under the International Convention on the Elimination of all Forms of Discrimination to ensure its full application in our national legal system through the creation of a domestic law with appropriate penal provisions,” said Deloso-Montalla. The bill declares that it is the policy of the State, as enshrined in the Constitution, to maintain peace and order, protect life, liberty and property, and to promote the general welfare for the enjoyment of the blessings of democracy by all people.

It is also the policy of the State to uphold human dignity and equality of all persons, regardless of race, age, gender, ethnicity or religion, consistent with its obligations as State Party to various international human rights instruments, particularly the Universal Declaration of Human Rights, the International Covenant on Civil and Political Rights, the International Covenant of Economic, Social and Cultural Rights, the International Convention on the Elimination of Racial Discrimination and the Convention on the Elimination of Discrimination Against Women. As such, the State shall not allow the commission of acts which directly or indirectly derogate these fundamental human rights.

Dr. Marcelito Custodio, doctor, artist and humanitarian, 75 DR. MARCELITO C. Custodio of Manhattan, New York; Hopatcong, New Jersey; and Manila, Philippines passed away on Thursday, Nov. 2, 2017 with his loving family at his side. He was born in the Philippines in 1942, finished secondary schooling at De La Salle, and completed college and medical school at the University of the Philippines. He immigrated to the United States in 1969 and continued his medical training at St. Barnabas and Newark Beth Israel Medical Centers in New Jersey and MD Anderson

Medical Center in Texas. Board certified in Internal Medicine and Medical Oncology, he started his practice in the metropolitan New Jersey area with Oncology Associates (Cohen, Lippman, Custodio & Steinbaum) and Combined Hematology and Oncology Practice (Custodio, Druck & Palathingal). He was Chief of Oncology at Christ Hospital and Irvington General Hospital in New Jersey for many years. He was loved by his patients, respected by his colleagues, and received numerous accolades and recognitions for his medical and hu-

manitarian achievements. Retiring in 2002 at age 60 to start the next phase of his life, he pursued his art and supported various causes— serving on the boards of Ma-Yi Theater Company, Apicha Community Health Center (formerly the Asian and Pacific Islander Coalition on HIV/AIDS), and Society of Philippine American Artists. He joined medical missions through the University of the Philippines Medical Alumni Society in America (UPMASA), providing medical care to underserved rural areas in the Philippines. He is survived by his wife Cora;

his children—Christian and his wife Andrea; Victoria and her husband Randy; Paolo and his wife Yvanna— and his grandchildren Carson, Robbie, Olivia, and Jonas. The wake will be held at The Church of St. Francis Xavier in Manhattan on Saturday, Nov. 11, 2017 at 9. a.m. and a funeral mass will follow at 10. a.m. In lieu of flowers, the family requests donations be made in memory of Mars to Ma-Yi Theater Company, Apicha Community Health Center, or Society of Philippine American Artists.

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

SATURDAY, NOVEMBER 11, 2017

Sports

Kiefer, Teng signed by respective teams By Jeric Lopez FOR the longest time, Kiefer Ravena and Jeron Teng are the top two faces of amateur basketball in the country. Their skills and marketing prowess made them household names. Now, they are officially bound to take their talents to the Philippine Basketball Association. The former Gilas Pilipinas teammates have officially been secured by their new mother teams, NLEX and Alaska, respectively. Ravena, the second overall pick in the Draft, formally signed with the Road Warriors early this week. The two-time UAAP Most Valuable Player was given a lucrative P8.5 million deal for three years. Teng, the No. 5 pick, was signed to a shorter two-year deal by the Aces with the amount undisclosed. Both are looking to follow in the footsteps of their fathers, Bong Ravena and Alvin Teng, who both had significant and lengthy careers in the league during their time. The longtime friends and rivals are expected to be vital parts of their teams given that NLEX and Alaska are in need of firepower to help them content with the perennial powerhouses of the league. The 43rd season of the PBA is bound to open shop on Dec. 17. At the moment, board members and league officials flew yesterday to Los Angeles to conduct their annual planning session.

Ikeda captures crown Kiefer Ravena (second from left) seals commitment to Metro Pacific Tollways NLEX Road Warriors during an afternoon’s contract signing on Thursday at the Metro Pacific Tollways Corporation headquarters in Makati. Shown with Ravena are NLEX Road Warriors’ Governor Ramoncito Fernandez (third from left) and Alternate Governors Rodrigo Franco, MPTC president, and Christopher Lizo, MPTC COO.

‘Underdog’ Red Lions stun Pirates, 94-87, in Game 1 By Peter Atencio

HE San Beda Red Lions came into the fight feeling like underdogs for the first time against a confident Lyceum Pirates’ team that finished the elimination round with a historic 18-0 sweep.

But Robert Bolick Jr. and Javee Mocon spoiled the Pirates’ continued march with daring endgame plays that carried the Lions to a 94-87 triumph in the 93rd National Collegiate Athletic Association men’s basketball tournament finals yesterday at the Araneta Coliseum. It was the thrice-to-beat Pirates’ first loss of the season, putting them on even terms with the Lions as both

Tabora advances, Jumapao falters in BWC THE Philippines’ Krizziah Lyn Tabora easily rolled into the second round of the 53rd Bowling World Cup women’s international finals Thursday in Hermosillo, Mexico but the other Filipino entry—Jomar Roland Jumapao— failed to survive the men’s competition. Tabora, getting a shot at the world plum for the second time since the 2012 finals in Poland, carded a 24-game series of 5098 to land eighth and claim one of the 24 second-round slots topped by consistent frontrunner Jenny Wegner of Sweden, who averaged 227.21 for a total of 5453 pinfalls. Germany’s Vanessa Timter tallied 5283 to come in second while Colombia’s Rocio Restrepo posted 5258 for third place. Jumapao, a national bowler from Cebu, managed to score only 4757 pinfalls in 24 games to land in 33rd place in the tough, week-long kegfest. Malaysia’s Ahmad Muaz Mohd Fishol leapfrogged from 11th to top spot after the 24-game first round round with 5334 pinfalls. The USA’s Jakob Butturff checked in second with 5298, followed by Colombia’s Oscar Rodriguez (5252), Belgium’s Mats Maggi (5249) and Italy’s Nicola Pongolini (5232)

teams now need to win twice to claim the crown. Things went downhill for the Pirates right after the Red Lions stepped it up with Mocon and Bolick Jr. attacking from inside and out and at the stripe in the last three minutes. The Red Lions started taking charge for good when Mocon, who had 11 points, split his charity shot off a foul by Reymar Caduyac, to shatter

an 80-all deadlock. Mike Nzeusseu tried to answer back for the Pirates but missed. Mocon’s putback in the last 1:58 moved the Red Lions up by three, 83-80. Bolick, who had 24 points behind Donald Tankoua’s 27-point, 20-rebound performance, then took charge after Nzeusseu scored on another inside play in the final 1:42 as the Pirates threatened, 82-83. He answered with a triple and then scored on three freebies and a driving shot against Caduyac after the Pirates turned the ball over following misses by Season MVP CJ Perez. This put the Red Lions on top by nine, 91-82, with just 35 seconds to go and the game

Games Nov. 16

(Game 2 at the Araneta Coliseum) 1 p.m. LSGH vs Malayan (jrs) 3:30 p.m. San Beda vs Lyceum (srs)

all wrapped up. “I’ll stick to the brand. We are still the underdogs. We just only won one game against LPU, and it’s not yet over, and we still have to win one more game,” said coach Boyet Fernandez as the Lions prepare for Game 2 on Thursday. Perez powered the Pirates with 25 points, with his two triples in the remaining 7:18 keeping them ahead, 72-71. With Nzeusseu held to a point in the third, the Pirates still took a 12-point lead, 5745, off Jesper Ayaay’s trey with 8:26.

But outside shots from Davon Potts and Bolick, along with inside plays from Tankoua, allowed the Red Lions to unleash a16-3 rally that gave San Beda the lead, 61-60. It was a close fight afterwards. “San Beda was really a great team this afternoon. We lost to a better team, and it’s not going to define us just because of the loss. What’s going to define us is how we are going to bounce back,” said LPU coach Topex Robinson. Meanwhile, the La Salle Greenhills Greenies fought the defending champion Malayan High School Red Robins without an aggressive inside operator for most of the game.

A N T I P OL O — C h i h i r o Ikeda survived a bogey duel with Wannasiri Sirisampant at the end of regulation then out-steadied the Thai with a routine par in sudden death to capture the ICTSI Forest Hills Ladies Challenge at the Forest Hills Golf and Country Club here yesterday. On their second trip on the par-4 18th, Ikeda made it in two while Sirisampant overshot the green and needed a 12-foot putt for par that came up short, enabling the FilJapanese to clinch the victory from three feet while ending the latter’s quest for a followup to her maiden win at Orchard last year. “It’s been a while since I last won but it was worth the wait,” said Ikeda, who barely forced a playoff at 218 with a 75 after Sirisampant

matched her bogey-bogey windup in regulation for a 76. “My hard work and training with coach Bong (Lopez) paid off.” Ikeda, who fell by two behind Sirisampant after 18 holes and moved within one Thursday, fell behind by four as the Thai birdied the first two holes and former bogeyed No. 3. But Ikeda gunned down birdies on Nos. 12 and 14 and grabbed a onestroke lead as Sirisampant bogeyed No. 11 and dropped two strokes on No. 13. But the Thai birdied No. 14 to draw level and the duo matched closing bogeys to set the stage for the playoff at 218. Ikeda took the P150,000 purse with the 26-year-old Thai and winner at Southwoods in 2015 settling for P95,000.

Bullpups, Cubs prevail KEVIN Quiambao fired 15 points as the National University Bullpups upended Team Delta, 59-59, in the under-19 semifinals of the 2017 Milcu Got Skills Elite Basketball showcase at the Lyceum gymnasium in Intramuros. This allowed the Bulldogs to post their second straight win in the round semis. Meanwhile, Kobe Palencia unloaded 16 points for University of Santo Tomas in their 68-52 smashing of Dramer Chase Youth Sports Organization. This earned the Tigers Cubs their sixth triumph in nine outings.

Cojuangco Cup, MARHO Breeders Classic at Sta. Ana on Sunday

To be ridden by Jockey John Alvin Guce, Sakima is one of the favorites in the Ambassador Eduardo M. Cojuangco Jr. Cup, held in honor of the SMC Chairman (inset).

A TOTAL of P11 million in prizes will be up for grabs in a weekend of high-stakes racing, highlighted by the Ambassador Eduardo M. Cojuangco Jr. Cup and the San Miguel Beer-MARHO Breeders Championship Classic at the Sta. Ana Racetrack in Naic, Cavite. Three record holders in Sakima, Shukriya and Smokin’ Saturday banner the elite cast of horses scheduled to run on Sunday. SC Stockfarm’s Sakima, which submitted the record time in the 1,800 meters last Oct. 1 with a 1:50 clocking, sets out as the favorite in the Ambassador Eduardo M. Cojuangco Jr. Cup, held in honor of the San Miguel Corp. Chairman, a stalwart in the industry of horseracing. To be ridden by Jockey

JA Guce, Sakima is expected to face stiff competition from stablemate Hitting Spree (Jockey KB Abobo), Joseph Dyhengco’s Atomicseventynine (JT Zarate), Narciso Morales’ Messi (EG Esguerra) and Cool Summer Farm’s She’s Incredible (OP Cortez) in the Cojuangco Cup offering a total purse of P2.5 million. Smokin’ Saturday of owner Roberto Inigo and Shukriya of Amado Bagatsing lead the roster in the Philippine Racing Commission’s 2nd Leg 3YO Imported Fillies Stakes, which offers a total prize of P500,000. Shukriya, to be ridden by MM Gonzales, owns the record time of 1:11.0 in the 1,200 meters last Oct. 1, while Smokin’ Saturday, which will have JT Zarate as her jockey on Sunday, set the record in the 1,600 meters of 1:37.6,

achieved only last Oct. 22. The MARHO (Metropolitan Association of Race Horse Owners) Breeders Classic Championship, on the other hand, is one of the biggest racing events in the Philippine horse racing industry and is a culmination of a three-leg series of high-powered events held simultaneously with the MARHO Invitational Races leading to the big race. Other races slated on Sunday are the Mayor Leonardo “Sandy” Javier Jr. Thanksgiving Cup 3YO Colt Mile, the Andoks Litson Corp. Cup-3 YO Filly Mile, the MARHO Breeders Championship 2YO Juvenile Colts and the PCSO-backed Sprint Race. The 1st Leg of the Road to the MARHO Breeders Championship was spon-

sored by the Philippine Racing Commission. Kanlaon, the horse owned by Benjamin Abalos Jr., won this race with a cash prize of P500,000 from Philracom. Kanlaon also won the 2nd leg of the classic race, while Mayor Benhur’s other horse, Lakan, won the 3rd Leg race, sponsored by the Philippine Racing Club Inc. Meanwhile, for the 1st MARHO Invitational Race, which was sponsored by the Manila Jockey Club Inc. with P500,000 cash prize, the winning horse was Malaya, also owned by Benjamin Abalos Jr. The 2nd leg was won by Bite the Dust owned by Antonio Tan and the 3rd Leg Invitational trophy was taken home by Sakima of new MARHO member, Oliver Velasquez from SC Stock Farms.

Toby’s Sports elevates store design TOBY’S Sports, the largest multibrand sports retailer in the Philippines, recently introduced a new store concept that transforms the customer experience in a streamlined, modern retail space as part of its efforts to continuously elevate its stores to match global standards. Known for its long sports heritage, excellent repertoire of products, and strong sports and fitness advocacy, Toby’s Sports has captured the hearts and trust of Filipinos, leading the market for sporting goods retailing in the Philippines for almost 40 years with its dedication to improving its products, customer service, as well as expanding its doors to reach more and more customers. Not to rest on its laurels, Toby’s Sports has once again transformed its stores, introducing a new concept that is truly a

cut above other players in the sports industry, and has elevated the brand to world-class retail standards. The revamped store, dubbed the ‘Elite’ concept, focuses on improving the customer’s buying journey with distinct sections for Men, Women and Kids, and is then divided by the specific sports categories, namely Basketball, Running, Training, Fitness, Watersports, Team Sports, Outdoor and Martial arts. This makes it easy for customers to select all their gears for their intended sport or activity in one area. Each area is merchandised with well-curated selection of products from the world’s best sports brands. Life-size mannequins, colorful graphics and digital displays adorn each section, showing off the latest technologies and equipment in each sport category. Each

section is also staffed by knowledgeable and passionate sports specialists who provide can provide helpful advice for any type of athlete or skill level. “We have managed to stay ahead all these years by continuously looking for ways to improve our stores, our product offerings and how we serve our customers. In this new store concept, the design team at Toby’s Sports set out to create a store that embodies our passion for sports, and at the same time elevate the overall look and customer experience to global The new design concept of Toby’s Sports allows customers to easily standards,” said Toby Claudio, Presi- navigate the store and select their gears for their intended sport. dent of Quorum International Inc., the parent company of Toby’s Sports. Megamall, Greenhills and UP Town is a 150-sqm store in Gateway Mall in More Toby’s Sports stores Center to overwhelmingly positive Cubao, just a stone’s throw away from get the new retail design treatment feedback. Toby’s Sports has since the legendary Araneta Coliseum, alThe new store design concept was opened two more stores that follow lowing Toby’s Sports to cater to sports first introduced in its stores in SM the new concept, the latest of which fans that visit the area regularly.

Eagle’s net proﬁt rises 8% to P3.3b B2

Business

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

SATURDAY, NOVEMBER 11, 2017

SMC, Petron post hefty profits By Jenniffer B. Austria & Darwin G. Amojelar

ONGLOMERATE San Miguel Corp. and oil refining unit Petron Corp. registered hefty profits in the first nine months of the year on higher revenues.

San Miguel said recurring net income rose 21 percent to P43.8 billion from P36.3 billion on higher revenues from core food beverage and packaging businesses. Recurring net income excludes the one-time gain from the sale of telecom-

munication assets last year. San Miguel said in a statement nine-month revenues increased 20 percent to P597 billion, while the group’s soon-to-be consolidated food and beverage business accounted for more than 30 percent of sales.

Consolidated operating income reached P82.8 billion, an increase of 13 percent from last year on sustained sales growth across its businesses and a group-wide execution of an effective ﬁxed cost management strategy. San Miguel early this week announced plans to consolidate all traditional food and beverage businesses under a holding company through a share swap that is seen to result in signiﬁcant synergies and unlock the value of units under it.

San Miguel will fold in its beer and liquor business San Miguel Brewery and Ginebra San Miguel under San Miguel Pure Foods and Co. Inc. San Miguel Yamamura Packaging Group’s revenues and operating income, meanwhile, both grew 13 percent to P22.4 billion and P2.2 billion, respectively. SMC Global Power’s revenues amounted to P62.1 billion, up two percent on year, on higher average realization and spot market

prices. Petron said net income jumped 58 percent in the ﬁrst nine months of 2017 on higher sales from the Philippines and Malaysia. The country’s leading oil reﬁning and marketing company posted a consolidated net income of P11.8 billon in the January-to-September period from P7.4 billion in the same period last year. “The impressive result was driven by its continued focus on high-value segments and sustained sales

The Godofredo P. Ramos Airport, or Boracay Airport, the gateway to the country’s most popular tourist destination, welcomes its 1,000,000th passenger on September 29. Maria Elizabeth Napenas (in red), who arrived via Air Asia’s flight Z2 223, received two roundtrip AirAsia tickets and an overnight stay for two in Boracay. With her are (standing, from left) Air Asia’s Deo Dave Lagmay, Jethandler Asia Services Inc. general manager Cesar Chiong and Boracay Airport manager Felix Lizares. The Boracay Airport, operated by TransAire Development Holdings Corp. under San Miguel Corp., is set to unveil a new international passenger terminal by the third quarter of 2018.

Foreign direct investments surged 70% to $1.2b in August NET inflow of foreign direct investments rose to a 16-month high of $1.2 billion in August, up 70 percent from $708 million year-on-year, on favorable investors’ sentiment on the Philippine economy, Bangko Sentral ng Pilipinas said Friday. The August net inflow was also significantly higher than $307 million a month ago. Bangko Sentral said in a

ter and 18 days in the third quarter. Malaysian volume increased 9 percent. Petron’s consolidated volumes grew 8 percent as a result of network expansion in both markets coupled with innovative loyalty programs. Lubricant sales, meanwhile, jumped 15 percent as the company’s high-performance engine oils remain a top choice among motorists. Gasoline and Jet A-1 likewise saw double-digit volume increases at 15 percent and 11 percent, respectively.

Ayala, GT Capital report big earnings

ONE MILLIONTH PASSENGER.

By Julito G. Rada

volumes from its Philippines and Malaysian operations,” Petron said. Combined sales volumes hit 80.2 million barrels in the ﬁrst three quarters of the year, slightly higher than 79.3 million sold in the same period in 2016. The company said sales volumes would have been higher if not for scheduled maintenance. Petron’s Bataan reﬁnery was running on maintenance mode below optimum capacity for 35 days in the second quar-

statement sustained positive investors’ sentiment on the Philippine economy was “backed by the country’s strong macroeconomic fundamentals.” “All FDI components posted net inﬂows during the period. In particular, net equity capital investments surged to $611 million from $8 million a year ago. The bulk of these placements originated from the United States, Singapore, the Netherlands, Hong Kong and Ja-

pan,” the regulator said. These were channeled mainly to manufacturing, real estate, wholesale and retail trade, transportation and storage, and electricity, gas, steam and air-conditioning supply activities. Investments in debt instruments amounted to $533 million, down 15.7 percent from last year’s level. Meanwhile, reinvestment of earnings was pegged at $59 million during the month. Finance Secretary Carlos

Dominguez III earlier cited the $2.3-billion capital infusion recently by two global companies in the manufacturing and energy sectors. These are the $1-billion investment by Japan Tobacco International in acquiring the assets of cigarette manufacturer Mighty Corp., and the separate $1.3-billion deal between Energy Development Corp. and a consortium of foreign investors backed by Macquarie Infrastructure

IN BRIEF

BANK OF COMMERCE CITED.

Bangko Sentral ng Pilipinas cites Bank of Commerce for its support in advancing data-driven monetary policy, at its BSP Stakeholder Awards. Bank of Commerce was given the Outstanding Respondent Award for its participation in the BSP’s monthly Inflation Forecast Survey, which covers economists’ inflation forecasts over a three-year period. At the awarding ceremony are (from left) Monetary Board member Juan De Zuniga Jr., Bank of Commerce president and chief executive officer Roberto Benares, senior executive team consultant Carmelita Araneta and Bangko Sentral Governor Nestor Espenilla Jr.

MPIC in Vietnam water venture INFRASTRUCTURE conglomerate Metro Paciﬁc Investments Corp. through its wholly-water utility unit has joined the Vietnam market, with the acquisition of a 45-percent stake in BOO Phu Ninh Water Treatment Plant Joint Stock Company for P615 million (VND 272.4 billion). PNW holds a 50-year build-to-own contract to develop a water supply system that will meet clean water demand in the Chu Lai Open Economic Zone, and urban areas, industrial zones and adjacent rural areas in Quang Nam province. Metro Paciﬁc said in a disclosure to the stock exchange water unit MetroPac Water Investments Corp. purchased 9.9 million shares from a shareholder in PNW equivalent to a 45-percent interest. “The transaction allows MPIC through MPW to expand into the Vietnam water market,” the company said. MPW will pay VND 181.6 billion on completion, while VND 90.8 billion will be held in escrow. Jenniffer B. Austria

Govt serious against tax evaders THE government is determined to run after all tax evaders in the country and will strictly observe due process in carrying out this goal, Finance Secretary Carlos Dominguez III said Friday. Dominguez said in a statement the target would be “guys who don’t pay their taxes, whether they’re a corporation or afﬂuent individuals.” He said the Duterte administration was setting its sights ﬁrst on efforts that would yield the most gain for the government. “Just like Mighty [Corp.]... That’s where we put our effort. Of course the ones where the yields are higher,” Dominguez told reporters. “First of all, we have to have good evidence that they are cheating on the tax,” he said. “It’s not just because you’re rich, we’ll go after you. That’s not fair also.” Julito G. Rada

Solon reminds DTI on gift checks A VISAYAN lawmaker reminded Friday the Department of Trade and Industry to strictly monitor the compliance of establishments to the Gift Check Non-Expiry Act as the holiday season nears. Rep. Henry Ong of the 2nd District of Leyte said the bill was likely to be approved as a legislation before Christmas. “I strongly suggest to the DTI that they find ways to allow the general public to immediately reap the benefits of the new law, so that gift checks that are already in circulation and soon to be released will be covered,” he said. Ong is one of the principal authors of the bill. He is the vice chairman of the committee on banks and financial intermediaries. Both the House and the Senate on November 11, 2017 agreed to pass the bill based on the bicameral conference committee report. The bill will soon be transmitted to the Office of the President for signature. Othel V.Campos

and Real Assets and Arran Investment Pte. Ltd., an afﬁliate of Singaporean sovereign wealth fund GIC. Net FDI inﬂows, however, declined 5.2 percent from January to August to $5.1 billion from $5.4 billion a year ago, pulled down by lower equity capital placements and higher withdrawals during the period, decreasing net equity capital investments by 40.3 percent to $883 million from $1.5 billion.

CONGLOMERATES Ayala Corp and GT Capital Holdings Inc. reported double-digit growth in earnings for the first nine months of the year on the sustained growth of business units. Ayala Corp. said income from January to September this year rose 18 percent to P23.2 billion, bolstered by the strong performance of its real estate unit, and lifted by the expansion of its power business. The conglomerate’s net income in the third quarter surged 38 percent to ₱8.2 billion, lifted by transaction gains realized by Globe Telecom Inc. from the investment of Ant Financial in fintech unit Mynt. “Most of our business units have continued to achieve solid growth this year,” Ayala Corp. president and chief operating officer Fernando Zobel de Ayala said. “We are pleased to note that even excluding the transaction gains from various strategic initiatives for the period, Ayala’s nine-month net income still expanded 18 percent from the previous year,” Zobel said. Aside from strong contributions from core units Ayala Land, Bank of the Philippine Islands and Globe Telecom, the conglomerate’s other subsidiaries AC Energy, AC Industrial Technologies and AC Infrastructure ,also contributed the group’s strong financial performance. AC Energy registered a net income of P2 billion, up 73 percent year-on-year driven by the fresh contribution of its geothermal asset in Indonesia, while AC Industrials posted a profit of ₱1 billion in the first nine months of the year, up 5 percent increase from a year ago, as the solid performance of its electronics manufacturing business. GT Capital of tycoon George Ty booked core net income of P11 billion in the nine-month period, up 10 percent from P9.3 billion on year. Including one-time gains from the sale of assets in 2016, GT Capital’s net income attributable to equity holders of the parent company, however, declined 12 percent to P10.8 billion from P12.3 billion. Jenniffer B. Austria

Neda: Manufacturing output declined 3.7% in September MANUFACTURING output in September declined 3.7 percent, a turnaround from the 11.2-percent expansion year-on-year, pulled down by decreases in the production of petroleum, transport equipment and export-oriented products, the National Economic and Development Authority said Friday. The Monthly Integrated Survey of Selected Industries for September 2017 showed that the Value of Production Index (VaPI) also decreased by 4.3 percent. This made the three-month moving average of VoPI and VaPI decline by 1.9 and 2.5 percent, respectively. The decrease in the production volume of petroleum products is attributed to the lower production of coke and other fuel products, while the contraction in transport equipment follows lower imports of raw materials.

For export-oriented products, declines were seen in the production volume of textiles, footwear and wearing apparel, chemicals, rubber and plastic, and wood products. Production continued to grow, however, in construction-related manufactures and food manufacturing. Economic Planning Undersecretary Rosemarie Edillon remains optimistic of a rebound in the manufacturing sector in the next quarter on the back of higher consumer conﬁdence and optimistic business sentiment. “The Consumer Expectation Survey of the Bangko Sentral ng Pilipinas reported high consumer outlook optimism for the fourth quarter, with respondents expecting additional income, employment opportunities, and improvement in the peace and order of the country,” Edillon said. Julito G. Rada

Trade deficit narrows to $1.9b as exports climb by 4.3% EXPORTS and imports increased in September, with the deﬁcit in the balance of trade in goods narrowing to $1.91 billion from $2.02 billion a year ago after the growth in outbound shipments outpaced imports, data from the Philippine Statistics Authority on Friday show. Data showed the country’s total external trade in goods in September 2017 reached $13.10 billion, up 2.8 percent from $12.74 billion registered during the same month of the previous year.

Total exports rose 4.3 percent to $5.59 billion in September 2017 from $5.36 billion in the same month of the previous year. Correspondingly, total imports increased 1.7 percent to $7.51 billion in September 2017 from $7.38 billion in September 2016. The National Economic and Development Authority expressed support for regional cooperation initiatives that will reduce trade costs and further boost Philippine trade performance recorded in September 2017.

“The third quarter growth performance of several major economies such as the Eurozone, US, and China, reﬂects an upbeat outlook for the global economy. Given this, we are optimistic that Philippine trade will pick up in the last quarter due to higher demand in the holiday season,” Neda ofﬁcer-in-charge and Econominc Planning Undersecretary Rosemarie Edillon said. Exports to EU, up 40 percent, and Asean, up 7.6 percent, boosted the total re-

ceipts during the period. Higher sales for top export markets such as US (4.9 percent), Hong Kong (29 percent) Germany (4.6 percent), Netherlands (70.8 percent), and Thailand (7.1 percent) were recorded. Imports from South Korea jumped 52.9 percent; Indonesia, 8.1 percent; Taiwan, 6.5 percent; and Vietnam (40 percent. Shipments from China dropped 7.3 percent; Japan 8.1 percent; and US, 18.3 percent. “We look forward to re-

Bangko Sentral ng Pilipinas Friday, November 10, 2017

F OREIGN E XCHANGE R ATE Currency

Unit

US Dollar

Peso

United States

Dollar

1.000000

51.2730

Japan

Yen

0.008823

0.4524

Pound

1.314800

67.4137

Hong Kong

Dollar

0.128215

6.5740

Switzerland

Franc

1.005935

51.5773

Canada

Dollar

0.789204

40.4649

Singapore

Dollar

0.735943

37.7340

Australia

Dollar

0.768100

39.3828

Bahrain

Dinar

2.651395

135.9450

Saudi Arabia

Rial

0.266660

13.6725

Brunei

Dollar

0.733245

37.5957

Indonesia

Rupiah

0.000074

0.0038

Thailand

Baht

0.030211

1.5490

UAE

Dirham

0.272264

13.9598

Euro

1.164400

59.7023

Korea

Won

0.000894

0.0458

China

Yuan

0.150652

7.7244

India

Rupee

0.015392

0.7892

Malaysia

Ringgit

0.237812

12.1933

New Zealand

Dollar

0.695300

Taiwan

Dollar

0.033109

35.6501 1.6976 Source: PDS Bridge

Business

SATURDAY, NOVEMBER 11, 2017 extrastory2000@gmail.com

Stocks slump; SM Prime, Ayala fall

HE stock market sank Friday after investors cashed in on their gains ahead of next week’s shortened trading to make way for the three-day meeting of the Association of Southeast Asian Nations.

The Philippine Stock Exchange Index dropped 86.34 points, or 1 percent, to 8,433.48 on a value turnover of P7.53 billion. Losers overwhelmed gainers, 134 to 73, with 44 issues unchanged. SM Prime Holdings Inc. of retail tycoon Henry Sy Sr. fell 3.6 percent to P36.60, while Macro Asia Corp., an aviation services company controlled by airline and tobacco tycoon Lucio Tan, slumped 7 percent to P22.30 on proﬁt-taking. Conglomerate Ayala Corp. lost 1.9 percent to P1,050, while unit Ayala Land Inc. dipped 1.4 percent to P43.80. The rest of Asian markets mostly fell on Friday as traders fret over the outlook for Donald Trump’s much-vaunted tax-cut plans while proﬁt-takers cashed in after the latest rally.

However, Hong Kong and Shanghai bounced from early losses to sit in positive territory as investors welcomed news that China would further open its financial sector to foreign firms. The losses followed a broad retreat on Thursday, which started when Tokyo’s Nikkei saw a two percent gain in the morning reverse to a 1.7 percent loss at one point. While investors will be keeping an eye on a meeting of Asia-Pacific leaders, including Donald Trump and Xi Jinping, in Vietnam this weekend their main focus is on Washington, where Republican lawmakers are struggling to agree on a fiscal reform bill. The uncertainty has dug into the dollar, sending it down against its major peers, particularly the yen, which has hurt Japanese exporters. By lunch in Tokyo the Nikkei was down 1.4 percent, having chalked up a 26-year high earlier in the week. Other markets were also in the red, with Sydney and Seoul each shedding 0.3 percent and Singapore 0.1 percent. Wellington, Taipei, Bangkok and Jakarta also suffered. Global markets were sent surging last month when

Trump’s administration unveiled a plan to slash taxes across the board in a bid to ﬁre up the US economy. But in recent days it has emerged Republicans have differing ideas about how to push them through, with senators calling for a one-year delay to corporate tax cuts, among other things. “The delayed phase-in of the corporate tax cut, an increase in the repatriation tax, as well as other walkbacks... have knocked stocks in the US and across the globe lower,” said Greg McKenna, chief market strategist at AxiTrader. House Speaker Paul Ryan insisted the details will be “ironed out” between the two competing plans but analysts said there are worries the overhaul could succumb to party inﬁghting in the same way Trump’s healthcare reforms were killed. “Given the apparent differences between the two bills, the implementation of tax reform before the end of the year looks pretty challenging and achieving it before Thanksgiving (November 23rd) seems close to impossible,” said Rodrigo Catril, FX Strategist at National Australia Bank, in a commentary. With AFP

MANILA STANDARD BUSINESS DAILY STOCKS REVIEW FRIDAY, NOVEMBER 10, 2017

VALUE

NET FOREIGN BUYING/(SELLING), PHP

FINANCIALS 4.49 303,000 59.2 14,890 99 804,330 147.6 2,824,200 2 1,873,000 33.5 389,600 15.9 1,600 32.15 1,157,100 8.1 13,600 0.69 1,000 1.69 59,000 951 190 0.62 2,197,000 95 1,324,430 0.8 118,000 12.2 43,400 58.5 13,580 244.8 280 104 40 87.1 10 54.15 115,810 258.8 101,660 87 24,210 1.26 46,000

1,368,340 884,536.50 79,790,807.50 417,052,295 3,731,990 13,070,760 25,302 37,156,715 108,840 690 99,730 182,210 1,367,930 125,699,956 94,380 524,160 794,944 68,248 4,100 871 6,334,609 26,309,806 2,109,677.50 57,960

13,650 412,184 5,092,134.50 147,217,478 4,423,630.00 -12,000,190.00 -59,510 -280,500 23,566,567 28,000 -644,403 -2,831,282 4,302,916 -45,278 -

41.4 12.1 0.72 1.33 18.3 0.216 103 4.04 15.5 42.95 17.08 63.5 67.8 1.89 5.45 11.28 10.14 14.88 12.28 7.2 5.71 17.8 61.4 25.95 11.88 20.8 1.98 249.6 58.5 4.03 3.09 30.2 18.62 18.1 293 0.2 9.8 2.65 6.1 9.9 7.3 9.5 1.63 11.8 61.5 6.45 485 4.95 1.95 4.7 2.15 13 4.9 0.138 1.19 136.2 3.15 2.11 25.05 0.9

INDUSTRIAL 41.4 1,070,600 12.32 868,100 0.72 144,000 1.36 438,000 18.98 12,400 0.217 1,750,000 103 80 4.1 5,428,000 15.6 232,500 44 649,000 18.7 22,200 65 80,040 67.8 60 1.9 332,000 5.7 216,300 11.5 3,100 10.26 6,950,100 14.92 821,900 12.28 97,800 7.27 278,300 5.75 3,594,500 17.82 624,800 61.5 105,670 26 8,810,400 11.9 72,900 22.3 6,273,800 2.05 7,889,000 251.2 485,010 58.5 400 4.08 155,000 3.1 20,000 30.2 160,100 18.68 103,300 18.2 2,779,800 295 682,170 0.201 2,070,000 10.1 55,600 2.7 7,375,000 6.28 420,600 9.9 3,071,800 7.3 64,900 9.5 3,300 1.67 1,354,000 11.8 683,200 62.2 184,840 6.69 67,200 500 46,430 5.03 505,600 1.96 78,000 4.72 207,000 2.15 184,000 13 54,500 4.93 523,500 0.138 380,000 1.2 35,000 136.5 1,907,650 3.35 48,000 2.12 33,451,000 25.05 600 0.95 575,000

44,572,420 10,674,726 104,080 585,370 232,744 379,400 8,240 22,272,170 3,619,640 28,328,970 399,398 5,202,300 4,070 629,480 1,198,818 35,028 70,977,034 12,265,866 1,210,362 2,020,858 20,667,272 11,208,440 6,546,394.50 241,059,025 868,070 139,172,280 16,218,050 121,909,688 23,400 625,870 61,890 4,876,375 1,928,052 50,543,368 201,669,122 414,800 560,286 19,912,240 2,645,334 31,102,069 479,830 31,490 2,242,180 8,205,570 11,478,385.50 443,330 23,248,699 2,531,560 152,490 984,160 399,400 711,748 2,641,490 52,670 41,900 261,718,526 157,250 72,808,280 15,050 531,380

-9,690,530 167,036 91,960 86,800 -7,843,430 2,658,528 1,023,075 5,199,700 -1,890 -7,677,518.00 3,004,704 -533,534 1,654,858 -1,052,442 -6,757,730 -5,871,331 -44,682,590 -694,172 -9,539,630 1,059,810 -15,080,926 1,195,815 168,240 47,655,000 21,265,558 4,020 -553,090 -1,875 5,458,250.00 104,320 -2,788,600 1,916,630 -166,705 382,968 9,500 -5,216 519,840.00 6,950 37,404,483 -11,423,590 -

0.325 72.6 15.26 1 7 0.425 0.43 1,041 8.01 15.26 7.65 5.1 0.189 1,190 7.69 75.05 5 5.37 0.71 5.77 17.3 6.74 3.17 0.048 1.2 2.07 114.9 2.58 970 1.43 295 0.245 0.183 0.202

HOLDING FIRMS 0.325 220,000 72.6 1,115,030 15.3 9,601,600 1.05 45,000 7.02 55,600 0.425 9,630,000 0.43 1,060,000 1,050 175,645 8.06 1,459,700 15.5 7,521,700 7.75 101,300 5.1 19,600 0.189 200,000 1,194 209,145 7.69 317,800 75.05 1,068,490 5 2,500 5.37 700 0.73 804,000 5.79 539,100 17.4 834,000 6.76 29,961,400 3.17 5,000 0.05 19,400,000 1.2 1,009,000 2.07 157,000 115 508,850 2.58 13,000 980 246,960 1.46 725,000 297 80 0.245 660,000 0.183 120,000 0.202 180,000

71,650 81,576,763 147,688,262 45,250 389,380 4,176,700 456,850 185,670,385 11,738,616 116,655,720 779,835 99,960 37,800 250,222,725 2,443,932 80,548,938.50 12,500 3,759 584,940 3,121,225 14,515,304 202,923,109 15,850 935,700 1,231,580 325,500 58,619,377 33,540 243,078,460 1,057,490 23,734 162,500 21,960 36,410

3,250 1,324,871 -71,092,770 -82,769,690 5,503,358 13,036,652 37,801,760 14,128,812 1,625,025 7,366,712 -65,444,625 42,700 20,152,750 49,490,205 11,878 -37,500 -

NAME

OPEN

HIGH

LOW

AG FINANCE ASIA UNITED BANK PH ISLANDS BDO UNIBANK BRIGHT KINDLE CHINABANK COL FINANCIAL EAST WEST BANK FILIPINO FUND FIRST ABACUS IREMIT MANULIFE MEDCO HLDG METROBANK NTL REINSURANCE PB BANK PHIL NATL BANK PHIL STOCK EXCH PHILTRUST PSBANK RCBC SECURITY BANK UNION BANK VANTAGE

4.63 59.5 99.4 147 2.26 33.55 15.76 32.2 8 0.69 1.7 945 0.63 95 0.79 12.18 58.05 245 102 87.1 55.15 260.8 87.15 1.26

4.77 59.8 99.75 148.6 2.26 33.6 15.9 32.55 8.1 0.69 1.7 1,000 0.63 95.35 0.81 12.2 59.5 245 104 87.1 56.95 261.8 87.2 1.26

4.45 59.2 99 146.5 1.93 33.5 15.76 31.9 8 0.69 1.69 940 0.61 94.45 0.79 12 58.05 240 102 87.1 54 257 87 1.26

ABOITIZ POWER AGRINURTURE ALLIANCE SELECT ALSONS CONS ASIABEST GROUP BASIC ENERGY BOGO MEDELLIN CEMEX HLDG CENTURY FOOD CIRTEK HLDG CNTRL AZUCARERA CONCEPCION CONCRETE A CROWN ASIA DAVINCI CAPITAL DEL MONTE DNL INDUS EAGLE CEMENT EEI CORP EMPERADOR ENERGY DEVT FIRST GEN FIRST PHIL HLDG GINEBRA HOLCIM INTEGRATED MICR IONICS JOLLIBEE LIBERTY FLOUR LMG CHEMICALS MABUHAY VINYL MANILA WATER MAXS GROUP MEGAWIDE MERALCO MG HLDG PANASONIC PEPSI COLA PETROENERGY PETRON PHIL H2O PHINMA PHINMA ENERGY PHX PETROLEUM PILIPINAS SHELL PRYCE CORP PUREFOODS RFM CORP ROXAS AND CO ROXAS HLDG SFA SEMICON SHAKEYS PIZZA SPC POWER SWIFT FOODS TKC METALS UNIV ROBINA VICTORIAS VITARICH VIVANT VULCAN INDL

42.4 12.4 0.74 1.36 19.48 0.218 103 4.2 15.5 45 18.34 65 67.9 1.89 5.8 11.3 10.14 14.9 12.58 7.29 5.74 18.42 62 26 12.08 21.9 2.08 254 58.5 4.03 3.09 30.55 18.8 18.18 300 0.201 10.5 2.68 6.51 10.2 7.64 9.5 1.63 11.9 61.5 6.65 521 5 1.96 4.8 2.19 13.08 5.15 0.144 1.19 137 3.15 2.15 25.1 0.92

42.4 12.44 0.74 1.36 19.5 0.218 103 4.25 15.6 45 19.3 65 67.9 1.91 5.8 11.5 10.3 14.98 12.66 7.3 5.8 18.42 62.95 29.45 12.08 23 2.15 254 58.5 4.1 3.1 30.55 18.8 18.24 300 0.201 10.56 2.75 6.51 10.28 7.64 9.7 1.67 12.08 62.3 6.79 525 5.03 1.96 4.81 2.19 13.1 5.15 0.144 1.2 138.8 3.35 2.23 25.1 0.95

ABACORE CAPITAL ABOITIZ EQUITY ALLIANCE GLOBAL ANGLO PHIL HLDG ANSCOR ATN HLDG A ATN HLDG B AYALA CORP COSCO CAPITAL DMCI HLDG FILINVEST DEV FJ PRINCE A FORUM PACIFIC GT CAPITAL HOUSE OF INV JG SUMMIT JOLLIVILLE HLDG KEPPEL HLDG B LODESTAR LOPEZ HLDG LT GROUP METRO PAC INV MJC INVESTMENTS PACIFICA PRIME MEDIA PRIME ORION SAN MIGUEL CORP SEAFRONT RES SM INVESTMENTS SOLID GROUP TOP FRONTIER UNIOIL HLDG WELLEX INDUS ZEUS HLDG

0.33 73.9 15.58 1 7 0.43 0.435 1,070 8.2 15.5 7.7 5.1 0.189 1,210 7.69 76.95 5 5.37 0.75 5.88 17.5 6.85 3.17 0.048 1.26 2.07 117 2.58 989 1.49 297.8 0.25 0.183 0.203

0.33 74.3 15.66 1.05 7.02 0.445 0.435 1,070 8.2 15.8 7.8 5.1 0.189 1,210 7.7 77 5 5.37 0.75 5.88 17.52 6.85 3.17 0.05 1.26 2.09 117 2.58 997 1.49 297.8 0.25 0.183 0.203

PROPERTY 8990 HLDG A BROWN ANCHOR LAND ARANETA PROP ARTHALAND CORP AYALA LAND BELLE CORP CEB LANDMASTERS CEBU HLDG CEBU PROP B CENTURY PROP CITYLAND DEVT CROWN EQUITIES CYBER BAY DOUBLEDRAGON EMPIRE EAST EVER GOTESCO FILINVEST LAND GLOBAL ESTATE IRC PROP MEGAWORLD

5.43 0.99 8.7 2.46 0.95 44.5 3.87 4.86 5.45 5.52 0.51 1.22 0.201 0.48 38.15 0.67 0.139 1.93 1.52 0.84 5.69

5.43 0.99 8.75 2.54 0.96 44.7 3.88 4.86 5.46 5.79 0.52 1.22 0.203 0.51 38.5 0.68 0.139 1.94 1.53 0.87 5.69

5.3 0.95 8.7 2.45 0.94 43.8 3.84 4.8 5.45 5.52 0.51 1.19 0.2 0.48 38 0.67 0.139 1.91 1.51 0.83 5.61

VOLUME

OPEN

HIGH

LOW

VOLUME

VALUE

NET FOREIGN BUYING/(SELLING), PHP

MRC ALLIED PHIL ESTATES PHIL REALTY PRIMEX CORP ROBINSONS LAND ROCKWELL SM PRIME HLDG STA LUCIA LAND STARMALLS SUNTRUST HOME VISTA LAND

0.32 0.385 0.485 7.3 25.2 1.81 38.05 1.02 7.22 0.83 6.21

0.32 0.39 0.6 7.34 25.3 1.84 38.15 1.04 7.22 0.84 6.24

0.315 0.38 0.485 7.1 24.45 1.81 36.6 1.02 7.22 0.83 6.14

0.315 0.39 0.57 7.2 24.45 1.84 36.6 1.03 7.22 0.84 6.24

26,350,000 1,170,000 33,760,000 4,309,400 2,105,000 424,000 9,980,400 2,631,000 100 109,000 3,985,900

8,313,250 451,350 18,863,450 31,188,202 52,391,505 776,100 375,401,435 2,701,200 722 90,750 24,575,609

3,200 -38,500 -325,000 -2,178,516 -6,397,275 48,570 -20,489,680 1,536,231

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

18.7 38 1.52 0.5 0.047 5.02 10.86 0.066 104.8 8.99 9.66 7.5 3.25 1,000 2,038 5.98 18 3.27 2.61 103 12 8.35 0.151 1.36 3.23 15.9 4.12 1.28 23.1 0.54 2.85 6.95 4.1 17.2 2.5 10.98 5.15 2.87 200 8.18 1,712 1.35 0.34 50.85 94.6 6.05 3.58 1.75 3.85 0.95 8.35

18.7 38.2 1.52 0.51 0.047 5.02 10.98 0.067 104.9 8.99 9.66 7.53 3.25 1,020 2,056 5.98 18.2 3.42 2.61 104 12.1 8.35 0.151 1.38 3.3 15.9 4.14 1.33 23.75 0.54 2.9 7.05 4.2 17.2 2.52 11.2 5.15 2.87 210 8.18 1,725 1.37 0.345 51 95.2 6.05 3.68 1.75 3.85 0.95 8.66

18.4 37.4 1.49 0.49 0.045 5.01 10.84 0.066 102.8 8.8 9.32 7.3 3.12 1,000 2,008 5.88 18 2.99 2.45 101.5 11.94 8.33 0.149 1.35 3.08 15.9 3.77 1.27 22.2 0.54 2.79 6.95 4 15.98 2.41 10.98 5 2.86 195 8.1 1,690 1.35 0.325 50.6 93.5 6 3.52 1.66 3.75 0.9 8.35

SERVICES 18.4 38 1.5 0.495 0.047 5.01 10.88 0.067 103.5 8.8 9.35 7.3 3.12 1,020 2,008 5.9 18.2 3.08 2.45 102 12 8.34 0.15 1.38 3.26 15.9 3.79 1.28 22.3 0.54 2.9 6.99 4.03 16.8 2.45 11.18 5.01 2.87 200 8.17 1,690 1.36 0.325 50.95 95 6 3.54 1.71 3.81 0.92 8.48

94,500 31,700 281,000 12,904,000 57,700,000 2,500 23,055,900 5,220,000 41,700 20,100 1,618,400 36,700 14,000 600 45,905 833,700 5,700 30,302,000 34,000 1,018,000 43,300 223,100 3,630,000 629,000 215,000 800 8,444,000 1,801,000 7,961,400 104,000 169,000 2,800,600 1,919,000 1,400 2,404,000 21,500 10,300 10,000 4,140 395,800 44,130 1,811,000 6,980,000 766,160 104,980 75,600 2,526,000 9,223,000 590,000 12,144,000 8,887,400

1,753,380 1,203,580 421,400 6,394,500 2,648,700 12,530 250,986,658 346,170 4,337,051 177,060 15,220,086 274,548 45,250 606,000 93,191,010 4,920,309 103,320 94,136,000 84,190 104,156,752 520,560 1,861,864 544,400 853,300 698,910 12,720 32,685,980 2,302,600 181,470,275 56,160 480,130 19,583,142 7,810,660 22,770 5,877,240 239,516 51,766 28,680 837,506 3,228,584 74,820,955 2,463,440 2,291,450 38,944,595 9,958,705 453,725 9,077,460 15,664,260 2,239,070 11,145,410 75,707,183

5,556 121,720 150,000 56,315,720 1,927,099 109,464 -39,565,980 -9,441,160 34,425,737 4,770 5,680,040 -14,257,530 15,017,178 -68,860 59,000 5,150 -452,634 4,588,685 -750,580 -581,850 -13,268,522.50 6,239,042.50 1,895,950 4,057,540 464,320 4,230 1,524,870

ABRA MINING APEX MINING ATLAS MINING ATOK BENGUET A CENTURY PEAK COAL ASIA HLDG DIZON MINES FERRONICKEL GEOGRACE LEPANTO A LEPANTO B MANILA MINING A MARCVENTURES NICKEL ASIA NIHAO OMICO CORP ORNTL PENINSULA ORNTL PETROL A ORNTL PETROL B PHILODRILL PHINMA PETRO PX MINING PXP ENERGY SEMIRARA MINING UNITED PARAGON

0.0024 1.69 5 13.56 1.83 1.61 0.37 7.92 2.82 0.26 0.158 0.16 0.01 2.03 7.07 1.82 0.59 1.01 0.012 0.013 0.012 2.26 7.66 9 38.5 0.0075

0.0025 1.7 5.05 15 1.83 1.63 0.37 8.1 2.94 0.26 0.158 0.161 0.011 2.05 7.1 1.83 0.59 1.02 0.012 0.013 0.012 2.27 7.66 9.19 39.5 0.0075

0.0024 1.67 5 13.56 1.8 1.6 0.37 7.32 2.76 0.248 0.154 0.159 0.01 2 6.95 1.67 0.49 1.01 0.012 0.012 0.011 2.26 7.53 8.23 37.6 0.0075

MINING & OIL 0.0025 60,000,000 1.68 5,282,000 5.01 288,800 15 6,100 1.8 7,000 1.63 3,297,000 0.37 280,000 7.9 102,900 2.89 23,750,000 0.255 70,000 0.154 13,000,000 0.159 1,930,000 0.011 326,800,000 2 91,000 7.01 5,480,400 1.77 537,000 0.49 51,000 1.02 34,000 0.012 3,000,000 0.012 93,400,000 0.012 11,200,000 2.27 11,000 7.6 175,600 8.38 11,906,000 38.3 7,156,700 0.0075 6,000,000

144,200 8,883,340 1,446,748 87,570 12,700 5,310,340 103,600 784,881 67,642,640 17,620 2,022,220 308,920 3,571,800 184,800 38,502,874 915,000 25,130 34,440 36,000 1,124,800 125,300 24,910 1,333,705 101,172,059 277,249,915 45,000

252,000 -16,528 251,660 105,420 -31,900 1,462,522 -258,000 -799,607 4,016,802 -58,310,390 -

AC PREF B1 AC PREF B2 ALCO PREF B DD PREF FGEN PREF F FPH PREF C GMA HLDG PDR GTCAP PREF B LR PREF PCOR PREF 2B PF PREF 2 PNX PREF 3A PNX PREF 3B SMC PREF 2B SMC PREF 2C SMC PREF 2D SMC PREF 2F SMC PREF 2I

532 517 108 105 107 517 5.7 1,028 1.08 1,141 1,011 105.9 110.5 76 81.7 76.45 80.5 79.85

532 517 108 105.3 107 517 5.87 1,028 1.08 1,141 1,011 105.9 110.5 76 81.95 76.45 81 79.85

532 515.5 108 105 107 517 5.5 1,028 1.07 1,141 1,005 105.9 110.5 75.6 81.7 76.45 80.1 79.85

PREFERRED 532 6,700 515.5 590 108 250 105 21,020 107 360 517 800 5.59 1,303,800 1,028 5 1.07 168,000 1,141 1,200 1,007 37,530 105.9 540 110.5 170 75.65 4,920 81.75 254,870 76.45 68,300 81 29,570 79.85 3,000

3,564,400 304,290 27,000 2,207,737 38,520 413,600 7,359,730 5,140 181,180 1,369,200 37,729,050 57,186 18,785 372,224 20,832,438 5,221,535 2,378,807 239,550

-5,310,695 70,700 -

LR WARRANT

2.4

2.47

2.33

WARRANTS 2.41 785,000

1,871,820

ITALPINAS PHILAB HLDG XURPAS

13.3 3.52 5.05

19 3.83 5.05

12.5 3.35 5

SME 16.82 3.48 5

213,393,290 1,129,280 18,104,892

-1,710,710 12,509,098

FIRST METRO ETF

128.7

129.3

127.6

NAME

5.35 0.96 8.75 2.52 0.96 43.8 3.86 4.84 5.46 5.79 0.51 1.2 0.203 0.5 38 0.67 0.139 1.92 1.52 0.85 5.62

389,100 9,725,000 54,600 203,000 1,733,000 6,282,400 233,000 934,000 20,300 200 6,788,000 433,000 10,660,000 7,450,000 422,500 726,000 50,000 2,688,000 3,295,000 462,000 12,583,200

2,087,410 9,383,570 477,614 502,220 1,643,940 276,055,735 899,770 4,514,250 110,666 1,131 3,468,320 522,670 2,136,570 3,714,850 16,098,360 487,170 6,950 5,156,860 4,978,010 387,460 70,787,184

573,295 37,620 -152,000 -81,414,070 -38,610 44,701 -576,300 12,000 -240,570 24,950 3,858,775 -406,690 137,540 -37,800 -28,733,236

USD DMPL A1

10.4

T RADING S UMMARY FINANCIAL INDUSTRIAL HOLDING FIRMS

10.4

10.3

12,883,000 321,000 3,619,700

EXCHANGE TRADED FUNDS 127.6 5,920 10.3

DDS

VALUE

13,928,558

1,167,094,247.40

61,026,869

1,510,773,033.392

106,002,435

3,466,141,433.97

PROPERTY

241,037,166

1,727,385,393.30

SERVICES

223,530,749

1,309,798,807.35

MINING & OIL

374,831,111

523,067,349.482

GRAND TOTAL

1,030,641,763

9,792,515,734.50

3,100

761,179 32,230

FINANCIAL 2,036.16 (down) 28.30 INDUSTRIAL 10,826.34 (down) 109.03 HOLDING FIRMS 8,555.68 (down) 185.61 PROPERTY 4,003.48 (down) 11.47 SERVICES 1,677.62 (down) 34.53 MINING & OIL 13,280.95 (up) 79.37 PSEI 8,376.13 (down) 139.89 All Shares Index 4,898.90 (down) 58.07 Gainers: 77; Losers: 108; Unchanged: 58; Total: 243

Eagle’s net profit rises 8% to P3.3b By Jenniffer B. Austria EAGLE Cement Corp., the listed cement company owned by billionaire Ramon Ang, posted a net income of P3.3 billion in the first nine months of 2017, up eight percent from P3.06 billion yearon-year, despite lower cement prices following stiff competition. Excluding expenses related the company’s recent initial public offering, core net income increased by 10 percent. Eagle Cement said in a disclosure to the stock exchange the healthy ninemonth profit was on the back of double digit growth in sales volume. Nine-month net sales increased 12 percent to P11.24 billion from ₱10.05 billion in the first nine months of 2016 as the 20 percent increase in sales volume partially offset the continued decline in the average selling price of cement compared with last year’s average. Aside from increased competition among local cement producers, the industry is also facing competition from cheap imports. “Nevertheless, Eagle’s advantage of having a new and state-of-the-art plant as well as its prudent cost structure help keep the profitability above expectation,” the the company said “Also, with its third production line in Bulacan to be commissioned in 2018, Eagle is best poised to withstand the imports threat,” it added. The third production line in Bulacan has a production capacity of 2 million metric tons and will boost the group’s total capacity to 7.1 million MT. It will also break ground on its newest cement plant in Cebu this year.

RCBC says income fell to P3.4b in nine months By Julito G. Rada RIZAL Commercial Banking Corp., the ninth-largest lender in terms of assets, said consolidated net income in the ﬁrst nine months declined 2.8 percent to P3.4 billion from P3.5 billion a year ago. RCBC said in a statement net income in the third quarter, however, rose 19 percent to P1.1 billion from P893 million year-on-year due to stronger core business led by a 19-percent growth in net interest income and 14-percent expansion in fee-based income. Bank president Gil Buenaventura said the ninemonths’ results remained encouraging, as the increase in CASA deposits and growth in total loan portfolio helped fuel the responsiveness of its products to the market demand. “We are also encouraged by the response to the new corporate branding campaign that has provided the bank a vehicle to be heard by customers above the clutter of today’s evolving digital landscape”, he said. Annualized net interest margin remained strong at 4.30 percent, 24 basis points improvement from 4.06 percent recorded in full year 2016. Annualized return on equity and return on assets stood at 7.16 percent and 0.87 percent, respectively. Net interest income in the ﬁrst nine months reached P13.1 billion with 11-percent growth year-on-year. This was driven by the bank’s vibrant lending business with total customer loan portfolio expanding by 17 percent to P338 billion.

CYAN MAGENTA YELLOW BLACK Manila

Standard

World

TODAY

SATURDAY, NOVEMBER 11, 2017 Cesar Barrioquinto, Editor

Kids face death by malnutrition B

ALUKHALI, Bangladesh―Tiny Mohammad Sohail cries uncontrollably as he waits to see a doctor―one of the thousands of Rohingya children at risk of an agonizing death from malnutrition even after reaching the safety of refugee camps in Bangladesh. His father was killed in the crackdown on Muslims in Buddhistdominated Myanmar’s Rakhine state, forcing his mother Hasana Begum to ﬂee with Mohammad and his brother―joining some 610,000 other Rohingya who have ﬂed since August. The family barely ate on their seven-day trek across hills and through jungles to the Bangladesh

There are at least 50 other malnourished children like him at the Balukhali camp medical unit. “The condition of many of these children is very critical. Most of their parents don’t even understand the extent of the problem,” said paramedic Shumi Akhter. Medical teams are distributing special high-nutrition baby food packs so Rohingya infants can build some muscle. But it is a desperate battle for all. The UN Children’s Fund, UNICEF, estimates that 25,000 children in the overcrowded Rohingya camps are suffering from severe malnutrition that could easily become a major killer. “The Rohingya children in the camp―who have survived hor-

border where they arrived two weeks ago, and it has taken its toll. Aged just 21 months, Mohammad’s ribs nearly poke through his skin. His hands are just skin and bone. “We walked for days through continuous rain, cold and heat. Both my sons suffered from fever and diarrhea and have since lost appetite,” Begum told AFP.

rors in Rakhine state and a dangerous journey here―are already caught up in a catastrophe,” said Edouard Beigbeder, the country head of UNICEF. “Those with severe malnutrition are now at risk of dying from an entirely preventable and treatable cause. These children need help right now,” Beigbeder said. More than half of the huge inﬂux into the refugee camps are children. Some have died there, but the UN said it had no information on whether malnutrition was a cause. For widows like Begum who have no extended family, getting food is a new battle as ration queues last between six and eight hours.

“I can’t take them to collect the relief as I cannot carry my sons and the heavy sack,” the 23-yearold said. She cannot leave them in the tarpaulin shanty that has become their home either as there is no one to look after Mohammad and NOTICE OF EXTRAJUDICIAL SETTLEMENT OF ESTATE

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Notice is hereby given that the estate of the late GILDA CATALINA C. LIM was extrajudicially settled by and among her heirs as per affidavit executed on November 03, 2017 and entered as Doc. No. 324, Page No. 65, Book No. 8-A Series of 2017 of the notarial registry of Atty. Jose B. Dunluan, a notary public for and in the City of Mandaluyong.

Advertising Department 832-5547

(MS-NOV. 4,11 & 18, 2017)

Republic of the Philippines} Province Of Cagayan } City Of Tuguegarao }

A Sure Bet for Progress in Gaming, Entertainment and Nation Building

AFFIDAVIT I, JOSEPH L. LARA, of legal age, married, Filipino citizen, with residence address at 202 National Highway, Caggay, Tuguegarao City, under oath, depose and state that: (1) I am the lone business owner of PULSAR CONSTRUCTION, duly registered under the Department of Trade and Industry (DTI) and the. Bureau of Internal Revenue (BIR); (2) The said business is now changing its current status, SINGLE PROPRIETORSHIP, to a CORPORATE status bearing the name JLL PULSAR CONSTRUCTION CORPORATION; (3) The said business has no pending case whatsoever be it civil, criminal or administrative case; (4) All business documents necessary and pertinent to the change of status has been submitted to and registered under the Securities and Exchange Commission (SEC). (5) Being the holder of majority of the shares of stock, I have the controlling interest over the said corporation;

InvItatIon to BId through Sealed BId In the auctIon/BIddIng of two (2) parcelS of land located at central BuSIneSS park I – ISlandS B & c of the Bay cIty, paranaque cIty under ItB no. Bacd17-001 The Philippine Amusement and Gaming Corporation (PAGCOR) is inviting offers to buy through sealed bid in the auction/bidding of Two (2) parcels of land located at Central Business Park I – Islands B & C of the Bay City, Parañaque City under ITB No. BACD17-001. DESCRIPTION Item No. Item Name Item

In witness whereof, I have here unto set my hand this 14’” day of September, 2017 at Camasi, Penablanca, Cagayan, Philippines. Affiant further sayeth naught.

Property Use and Encumbrances

I. GENERAL CONDITIONS: 1.

2. 3. 4. 5. 6.

JOSEPH LASAM LARA TIN NO. 138-410-795

Furthermore, it is understood that the ownership of the property does not confer to the winning bidder the right to operate gaming facilities and business. A casino license or license to operate gaming operations is NOT part of the sale of the Property. Hence, the winning bidder of the Property shall neither have right nor authority to operate a casino or any other gaming operation. This paragraph shall be inapplicable should the Lessee be declared the highest bidder or is able to match the bona fide offer of the highest bidder.

Artists Awards at the Wallis Annenberg Center for the Performing Arts 2017 in Beverly Hills, California. AFP

Gay Chinese tourists flock to Thailand for acceptance PHUKET―Bathed in a pink spotlight, the cabaret singer at Phuket’s ZAG bar lip-syncs the top notes of a popular Mandarin love song, delighting the crowd of gay Chinese tourists who have escaped judgment at home for sexual freedom in Thailand. While the song, “The Moon Represents My Heart”, is a hit with the patrons, the transgender singer is just the warm up act. “We’re waiting for the go-go boys!” says one Chinese reveler at ZAG, one of several clubs squeezed into “Paradise Complex”―the epicenter of the raucous gay nightlife scene on the party-hard island. With an estimated LGBTQ population of 70 million, China has the world’s third-largest

“pink market” after Europe and the United States. Yet in China being openly gay is still fraught with difﬁculties. Dressing a certain way or public displays of affection can draw stares and lead to family turmoil. Some Chinese parents have even brought gay children to “conversion” clinics for treatment. Homosexuality was classiﬁed as a mental illness in China until 2001 and a crime until 1997, and authorities have arrested gay rights activists. That makes Thailand, renowned for its more permissive attitude towards sexuality, an alluring holiday option for gay Chinese looking to cut loose away from family pressures and censorious eyes. AFP

Bid shall strictly be in Philippine Currency. TCT No. 010-2014003181 is covered by a Deed of Absolute Sale between Public Estates Authority (PEA), presently known as Philippine Reclamation Authority (PRA), and PAGCOR. The land title is still under the name of the PEA, now the PRA. Expenses for the transfer of title from PRA to the winning bidder shall be for the account of the winning bidder.

It is expressly understood and agreed that the property shall be used exclusively for the purpose for which it was intended, i.e. that it serves as an integral part of the PAGCOR Entertainment City Project and is to be utilized for the purpose of developing and maintaining thereon a world-class integrated resort in accordance with the plans approved by lessee and PAGCOR. The winning bidder cannot use the property in any manner and for any purpose not consistent with PAGCOR’s Entertainment City Project and must conform to applicable zoning regulations and restrictions.

AWARDS. Renee Olstead attends SAG-AFTRA Foundation Patron of the

must repay at least $81 million on another PDVSA bond by this weekend, at least $1.47 billion interest on various bonds by the end of the year, and then about $8 billion in 2018. That’s a tough prospect, as the country has less than $10 billion in hard currency reserves. Some analysts say Venezuela will try to stave any decision off beyond Monday, when foreign creditors have been invited to Caracas to hear Maduro’s proposals on how he intends to restructure his country’s debt. The owed funds comprise at least $60 billion in tradable sovereign paper and an estimated $90 billion more held by China, Russia and creditors to state oil company PDVSA. Major credit rating agencies Fitch, Moody’s and Standard and Poor’s have all downgraded Venezuela’s standing. “One way or another, the government and PDVSA will default. We are in the end-game and it’s now become a matter of days, not weeks, until default is conﬁrmed,” Edward Glossop of Capital Economics said in a note. AFP

Disposal of the Real Properties for auction/sale will be on “AS IS – WHERE IS” and on “CASH” basis. The bidder further acknowledges that he has been given every opportunity to investigate, inspect and verify the REAL PROPERTY offered to ascertain the actual conditions thereof as well as the status of the title/tax declaration. Bidder accepts PAGCOR’s disclaimer of any warranty, implied or otherwise, that the assets conform precisely to the description available in the invitation to Bid. Further, the bidder, knowing the risks and assuming the consequences of eviction, accepts PAGCOR’s absolute waiver of warranty therefrom. Prospective bidders must be Filipino citizens or otherwise authorized by law to acquire real property in the Philippines. In case of a corporation or partnership, 60% of its capital must be owned by Filipino citizens. Officers and employees of PAGCOR and their relatives within the 4th degree of consanguinity and affinity shall be ineligible to bid. No bid below the floor price shall be accepted.

PAGCOR shall thereafter deliver to the winning bidder TCT No. 010-2014003181 with the covering Deed of Absolute Sale between PAGCOR and PRA, and TCT No. 010-2014000775 free from all liens and encumbrances except the Contract of Lease (and its addenda) executed between PAGCOR and Bloomberry Resorts and Hotels, Inc. (formerly Bloomberry Investments Holdings, Inc.) and the Deed of Assignment between Bloomberry Resorts and Hotels, Inc. and Sureste Properties, Inc.

SUBSCRIBED AND SWORN to before me this ____________ in Tuguegarao City, affiant exhibiting his Community Tax Certificate NO._______issued on ___________at Tuguegarao City, Philippines.

CARACAS―Venezuela slipped inexorably towards a formal debt default Friday, with analysts saying it was all but inevitable for the sinking OPEC state which owes about $150 billion. “With Venezuela’s state-owned oil company having reportedly failed to make a principal payment on a bond that has now matured, credit default swaps are likely to be triggered on Friday,” market analysts Capital Economics said. A group of creditors assembled under the aegis of a global ﬁnancial body, the International Swaps and Derivatives Association (ISDA), will meet in New York at 11:00 am (1600 GMT) to review whether an overdue $1.1 billion payment on a bond issued by Venezuela’s state oil company PDVSA has triggered a “credit event.” “They can either make a decision at this meeting or vote to have another meeting to discuss the question further,” an ISDA spokeswoman told AFP by email. President Nicolas Maduro’s cash-strapped socialist government

LOT 1 Bay City Properties Two (2) parcels of land purchased by Philippine Amusement and Gaming Corporation (PAGCOR) from the Philippine Reclamation Authority (PRA): a. An area of 3,733 square meters (more or less) covered by Transfer Certificate of Title (TCT) No. 0102014000775 under PAGCOR’s name and a Deed of Absolute Sale dated 19 February 2013; and b. An area of 156,626 square meters (more or less) covered by a Deed of Absolute Sale dated August 16, 2017. Central Business Park I – Islands B & C of the Bay City, Parañaque City 160,359 square meters (more or less) Php 37,233,130,000.00 (VAT Exclusive, Zero Rated) TCT No. 010-2014000775 registered under the name of PAGCOR with an area of 3,733 square meters more or less; and TCT No. 010-2014003181 registered under the name of PRA with an area of 156,626 square meters more or less The Properties are subject of a long-term lease initially in favor of Bloomberry Resorts & Hotels Inc. who built and operate the Solaire Resort & Casino thereon. However, the leasehold rights were later assigned to Sureste Properties Inc. (“Lessee”). The lease is up to July 11, 2033 and is extendible for another term under certain conditions. The Lessee has a right to match the highest complying bid for the Properties. The Lessee has mortgaged its leasehold rights over the Properties. In the same vein, the title and rights over the buildings, structures and other improvements thereon were likewise mortgaged to various lenders.

Location Total Land Area Floor Price Land Title No/s.

(6) As such, I am executing this affidavit to attest to the truth of the foregoing.

Cash-strapped Venezuela slips toward debt default

three-year-old Nur Alam. “Every neighbor is busy with their own problems. Nobody has spare time to babysit,” she said. “But I get panicky there until I get back home because these boys are everything I have left,” she said. AFP

(MSNOV. 11, 2017)

Republic of the Philippines Department of Education REGION IV-A CALABARZON Gate 2 Karangalan Village, Cainta. Rizal INVITATION TO BID

. 1.

BOARD & LODGING FOR THE REGION-WIDE TRAINING ON THE ENHANCEMENT OF THE PEDAGOGICAL SKILLS IN TEACHING READING IN MOTHER-TONGUE AND THE BRIDGING PROCESS OF GRADE 1 AND KINDERGARTEN TEACHERS

Real Property Tax, including arrears, penalties and charges, if any, shall be for the account of the winning bidder.

All applicable taxes including capital gains tax, transfer costs, registration fees, documentary stamps taxes and other expenses incidental to the sale and transfer of the assets shall be for the account of the winning bidder who shall be responsible in causing the transfer/issuance of certificates of title under its name.

The lease contract between PAGCOR and the Lessee shall be registered and annotated on the title of the subject property. The lease contract shall be binding on the winning bidder. As such, the Lessee’s security of tenure shall be respected and guaranteed.

10.

Where a re-survey or re-location of the land applied for is necessary, all expenses therefore including the preparation of plans and other papers shall be defrayed by the winning bidder.

11.

PRE-BID CONFERENCE DATE : November 22, 2017 TIME : 2:00 p.m. VENUE: 5th Floor Meeting Room C, PAGCOR Corporate Office AG New World Manila Bay Hotel and Casino 1558 M. H. Del Pilar corner Pedro Gil Streets Malate, Manila INSPECTION OF PROPERTIES Inspection shall commence on November 9, 2017 and every Friday thereafter until the morning of November 27, 2017. 12.1 12.2 Inspection on other days apart from the schedules specified above may be arranged with the BACD Secretariat. 12.3 Kindly coordinate with the following Secretariat for inspection schedules: Shalee Nacino: Tel. No. (02) 521-15-42 loc. 258

12.

13.

13.1

x 1,500 x x 1,500 x x 1,500 x x 1,500 x

13.1.2 13.1.3 13.1.4 13.1.5 13.1.6 13.1.7 13.1.8 13.1.9 13.1.10

5 days--- Php1,402,500.00 5 days ---Php1,800,000.00 5 days ---Php2,130,000.00 5 days ---Php1,860,000.00

(i)

Bidding is restricted to Filipino citizens/sole proprietorships, partnerships, or organizations with at least sixty percent (60%,) interest or outstanding capital stock belonging to citizens of the Philippines, and to citizens or organizations of a country the laws or regulations of which grant similar rights or privileges to Filipino citizens, pursuant to RA 5183.

Interested bidders may obtain further information from DepED Region lV-A CALABARZON (BAC Secretariat) and inspect the Bidding Documents at the address given below during office hour at 8:00am to 5:00pm Monday to Friday.

A complete set of Bidding Documents may be acquired by interested Bidders on November 10, 2017 from the address below and upon payment of the applicable fee for the Bidding Documents, pursuant to the latest Guidelines issued by the GPPB, in the amount of Three Thousand Pesos (Php3,000).00). Note: For lot procurement, the maximum fee for the Bidding Documents for each lot shall be based on its ABC, in accordance with the Guidelines issued by the GPPB; provided that the total fees for the Bidding Documents of all lots shall not “exceed the minimum fee prescribed in the Guidelines for the sum of the ABC of all lots. }.

14.

15.

16.

It may also be downloaded free of charge from the website of the Philippine Government Electronic Procurement System (PhilGEPS) and the website of the Procuring Entity, provided that Bidders shall pay the applicable fee for the Bidding Documents not later than the submission of their bids. 6.

The DepED Region lV-A CALABARZON will hold a Pre-Bid Conference3 on November 20, 2017 at 10:00 am to be held at the Director’s Office Conference Room, which shall be open to prospective bidders.

Bids must be duly received by the BAC Secretariat at the address below on or before December 4, 2017 at 10:00 a.m.. All Bids must be accompanied by a bid security in any of the acceptable forms and in the amount stated in ITB Clause 18. Bid opening shall be on December 4, 2017 at the Director’s Office Conference Room. Bids will be opened in the presence of the bidders’ representatives who choose to attend at the address below. Late bids shall not be accepted.

The DepED Region lV-A CALABARZON reserves the right to reject any and all bids, declare a failure of bidding, or not award the contract at any time prior to contract award in accordance with Section 41 of RA 9184 and its IRR, without thereby incurring any liability to the affected bidder or bidders.

For further information, please refer to: Virginia O. Bagacay DepED Region IV-A CALABARZON Gate 2 Karangalan Drive, Cainta, Rizal 6477487 & 6474914 www.depedcalabarzon.ph

17.

18.

19. 20.

21.

22.

The following details shall be written in the envelope: Upper left hand corner: Name of Bidder Address Contact Number Fax Number Center: BIDS AND AWARDS COMMITTEE FOR DISPOSAL (BACD) PHILIPPINE AMUSEMENT AND GAMING CORPORATION PAGCOR Corporate Office AG New World Manila Bay Hotel and Casino 1588 M.H. Del Pilar Street cor. Pedro Gil Streets Malate, Manila. Name of Property: Bay City Properties ITB Number: BACD17-001 Bottom: Do not open before 2:00 P.M., November 27, 2017.

13.3

Bid Documents shall be available at Room 202 Engineering Room (c/o Ms. Shalee Nacino) 2nd Floor, PAGCOR House, 1330 Roxas Boulevard, Ermita, Manila (10:00 A.M. to 4:00 P.M.) upon payment of a non-refundable Bidding Fee of P75,000.00.

BID BOND 14.1 Failure to post a bidder’s bond shall constitute a ground to reject the bid. 14.2 The bidder’s bond shall be forfeited in favor of PAGCOR in the event of any of the following: 14.2.1 Withdrawal by any bidder of his/her bid during the conduct of the auction, i.e. from 2:00 P.M., November 27, 2017 up to the time the highest and second highest bid has been declared; 14.2.2 Withdrawal by bidder of his bid after the same has been declared the highest bid; and 14.2.3 Refusal of the highest bidder to accept the award/contract for any reason after it has been awarded to him. 14.3 Bid bonds of bidder/s, except that of the highest bidder, shall be returned to them as soon as the highest and second highest bid has been declared or at a reasonable time thereafter and the waiver to file the Motion for Reconsideration/ Protest has been signed by the respective bidder. SUBMISSION OF BIDDING REQUIREMENTS 15.1 The Invitation to Bid shall form part of the Terms of Reference. 15.2 Submission and opening of bids shall be on November 27, 2017, 2:00 p.m. at Meeting Room C, 5th Floor, PAGCOR Corporate Office, AG New World Manila Bay Hotel and Casino, 1558 M. H. Del Pilar corner Pedro Gil Streets, Malate, Manila. 15.3 Bidder / authorized representative shall be present during the auction. 15.4 Bidders shall address and submit their sealed envelopes to: BIDS AND AWARDS COMMITTEE FOR DISPOSAL (BACD) PHILIPPINE AMUSEMENT AND GAMING CORPORATION PAGCOR Corporate Office AG New World Manila Bay Hotel and Casino \ 1588 M.H. Del Pilar Street cor. Pedro Gil Sts. Malate, Manila. 15.5 No bids shall be accepted after the scheduled opening date and time. AWARDING 16.1 At least Two (2) bidders must submit a bid tender for the properties to be auctioned. If there is only one offeror then there shall be a failure of bidding. 16.2 The bidder who offers the highest bid (the Bona Fide Offer resulting from the successful bidding process) shall be declared as the highest bidder subject to the provisions specified in item 16.3 16.3 After the declaration of the highest bidder, the Lessee, in case it did not participate in the auction, shall be notified in writing of the bona fide offer and shall be given five (5) working days from receipt thereof to exercise its option to match the offer. 16.4 The highest bidder, in case he/she is not the Lessee, shall be notified in writing in the event the Lessee exercises its right to match the bona fide offer. 16.5 Post qualification of the highest bidder or the Lessees, as the case may be, shall be conducted to verify the documents submitted and to clear the bid bond. 16.6 Awarding to the winning bidder shall be subject to the approval of PAGCOR Board of Directors. 16.7 Notice of Award shall be issued after the Board has granted approval. 16.8 In the event of a failed public bidding, PAGCOR shall conduct a second public bidding. If there is twice failure of public bidding, PAGCOR may resort to Negotiated Sale consistent with applicable laws, rules and regulations. PAYMENT 17.1 Bid bond shall be considered as partial payment and the difference between the bid bond and the highest bid price shall be paid in the form of manager’s check from any Universal or Commercial Bank. 17.2 The remaining balance of the bid price shall be paid in full at PAGCOR’s Finance and Treasury Department (FTD) Cashier within five (5) calendar days (inclusive of 3 working days clearing of manager’s check) from the receipt of the Notice of Award. 17.3 Failure of full payment within the prescribed five (5) calendar days or withdrawal by the winning bidder of his bid offer/price may mean forfeiture of his 10% bidder’s bond in favor of PAGCOR to be applied as liquidated damages. PAGCOR reserves the right to disqualify any and/or all prospective bidder/bidders if found that they have submitted falsified documents and/or information, and the right to accept or reject any or all bids, to annul the bidding process, to waive any defects of formalities found therein and to accept such bid or a part thereof as may be deemed most advantageous to PAGCOR without thereby incurring any liability to the affected bidder or bidders. PAGCOR reserves the right to change any of the rules as it sees fit. Revised Terms of Reference will be issued whenever applicable. PAGCOR further reserves the right to amend the Terms of Reference any time prior to the submission of the sealed bids. If the amendments are of a nature that will affect the bids, PAGCOR will entertain request to reschedule the bidding. PAGCOR reserves the right to reject any and/or all bids, or declare a failure of bidding, or not award the contract, if there is prima facie evidence of collusion between relevant public officers or employees of the agency or between the Corporate Disposal Committee or between the BAC for Disposal and any of the bidders, or if collusions is between or among the bidders, or between a bidder and a third party, including any act which restricts, suppresses or nullifies competition, or if the BAC for Disposal is found to have failed to follow the prescribed bidding procedures, or for any justifiable and reasonable ground where the award of the contract shall not redound to the benefit of the government. .All documents submitted by the bidders are presumed to be legally in order, that the person signing and executing said documents is authorized to do so and that the signatures appearing thereon are authentic and not forged. Any material defect or misrepresentation on the documents which will invalidate or render unenforceable the bids submitted shall cause the rejection of the bid and the forfeiture of any amount tendered to PAGCOR. All communications as regards the conduct of public auction shall be addressed to:

(SGD) MARITES L. GLORIA BAC Vice-Chairperson 3

Mav be deleted ill case the ABC is less than One Million Pesos (PhP1,000,000.00) where the Procuring Entity may not hold a Pre-Bid Conference. (MS-NOV. 11, 2017)

Articles of Incorporation / Partnership for corporation/s or partnerships, and proof of citizenship for individuals. Latest General Information Sheet, if applicable Financial Statements, 2016; Income Tax Return, 2016; If with Representative, Special Power of Attorney (SPA) or Secretary’s Certificate. Terms of Reference and Bid Bulletin (if any) with all pages signed by the bidder or the authorized representative; Sworn Statement that each of the documents submitted in satisfaction of the bidding requirements is an authentic copy of the original, complete, and all statements and information provided therein are true and correct; and Photo copy of any government issued ID of the bidder or the authorized representative. Duly accomplished Bid Form Bid Bond - equivalent to 10% of the floor price in the form of Manager’s Check issued by any Universal or Commercial Bank payable to “Philippine Amusement and Gaming Corporation”.

13.2

The DepED Region IV-A CALABARZON now invites bids for the Board & Lodging for the Region-wide Training on the Enhancement of the Pedagogical Skills in teaching Reading in Mother Tongue and the Bridging Process of Grade I and Kindergarten Teachers. Delivery of the Services is expected for the Contract duration Bidders should have completed, within five (5) years from the date of submission and receipt of bids, a contract similar to the Project: The description of an eligible bidder is contained in the Bidding Documents, particularly, in Section ll. Instructions to Bidders.

Bidding will be conducted through open competitive bidding procedures using a nondiscretionary “pass/fail” criterion as specified in the 2016 Revised Implementing Rules and Regulations (IRR) of Republic Act (RA) 9184, otherwise known as the “Government Procurement Reform Act”.

Inside a sealed envelope 13.1.1

Interested bidders shall bid on the Cluster where the business is located (e.g. for Cavite Cluster only those bidders with venue in Cavite is allowed to bid). 3.

BIDDING REQUIREMENTS:

The DepED Region IV-A CALABARZON, through the OSEC funds FY 2017 intends to apply the sum of Seven Million One Hundred Ninety Two Thousand Five Hundred Pesos (Php7,192,500.00) being the Approved Budget for the Contract (ABC) to payments under the contract for Board and Lodging for the Region-wide Training on the Enhancement of the Pedagogical Skills in Teaching Reading in Mother Tongue and the Bridging Process of Grade 1 and Kindergarten Teachers. Bids received in excess of the ABC per Cluster shall be automatically rejected at bid opening. Cluster I-- Cavite------- 187 pax Cluster II--- Laguna-------240 pax Cluster III-- Batangas----284 pax Cluster IV-- Quezon------248 pax

(MS-NOV. 9,10,11 2017)

Bids and Awards Committee for Disposal (BACD) Thru the Secretariat: Ms. Shalee Nacino (Tel. No. (02) 521-15-42 loc. 258) 2nd Floor, General Services and Engineering Department (GSED) PAGCOR House, 1330 Roxas Blvd., Ermita, Manila ATTY. HERNANDO C. APIGO,(SGD) CHAIRMAN, CORPORATE DISPOSAL COMMITTEE

CYAN MAGENTA YELLOW BLACK

Dino Ray Directo III, Editor

SATURDAY, NOVEMBER 11, 2017

San Mateo: Speed limiters promote safe driving and help save lives.

Why we need to control speed Text and photo by Dino Ray V. Directo, III

Tata Motors opens in San Fernando

PILIPINAS Taj Autogroup, Inc., the exclusive distributor of India’s largest automaker, Tata Motors, opened their newest dealership in San Fernando, Pampanga last October 5. Strategically situated along the automotive row in Olongapo-Gapan Road, the new dealer offers the latest Tata Motors vehicles from the biggest ten-wheeler Prima heavy-duty trucks down to the smallest utility vehicles and passenger cars. The showroom can accommodate seven vehicle displays while the workshop has seven workbays for the after-sales service. The grand opening was led by PTAJ President Jon Hernandez Jr. and General Manager for Value Solutions Joseph Ching. Hernandez encourages the City of San Fernando to begin thinking BIG and long-term and start exploring the idea of owning their own business. “With our vehicles, their dreams of owning their own business can turn into reality and Tata Motors shall support them by offering affordable and easy-to-maintain vehicles” says Fernandez. “World-class customer service is what we offer to our business partners” Ching relates.

Metal

Trucks &Buses

HE numbers involving accidents or deaths caused by speeding trucks and buses are just too many to ignore. Recently in San Mateo, Rizal, a speeding cargo truck lost control and plowed into early morning trafﬁc leaving ﬁve people dead and scores of civilians seriously injured. Two of the victims died on the spot, while the other three died in the hospital. The San Mateo PNP relayed to the media that the nine vehicles were involved in that fatal accident which included two private vehicles, a passenger jeepney, two tricycles and two motorcycles. The Philippine National Police also reported that there are 10 bus accidents in Metro Manila alone. Majority of which were caused by speed or failure of the braking system, because 95 percent of trucks and buses plying the streets of Metro Manila are surplus/reconditioned vehicles which are at least 20 to 30 years old. Relative to this problem, the Government has enacted into law R.A. No. 10916 requiring the mandatory installation of speed limiters in public utility and certain types of vehicles, otherwise known as the “Road Speed Limiter Act of 2016”. Despite the presence of the law, implementation seems to have hit a speed bump. Under Section 3 of R.A. No. 10916, vehicles to covered and should be equipped with speed limiters are closed vans, covered vehicles, hauler/cargo trailers, and shuttle services such as the UV Express vans we see on the road. Pioneer Truck Parts and Equipment Corporation, local distributors of Speed Limiter is a company on a mission of safety. Their product is a device that electronically controls the top speed of

to cutting down on fuel costs. This rev control system ensures to correct driver behavior and driving style which is crucial in an urban environment. “Our objective is for all fleet owners to extend vehicle life, improve economy, reduce maintenance costs and promote public commuter safety,” adds Go. At present, major companies such as Petron have installed Speed Limiters into their commercial vehicles fleet. The speed limiter device of Pioneer Trucks is a Romatic Speed Control System designed and developed since 1980 and currently used in Europe, Middle East and Asia as a standard equipment for truck, bus and commercial vehicle fleet operations. The system have received numerous approvals from truck manufacturing such as Toyota, Mitsubishi, Mercedes Benz, Isuzu, Leyland, DAF, GM General Motors, Peugeot, Renault, FUSO, Land Rover, ERF, and approval from the British Ministry of Defence for Land Rover and Pinzgauer Vehicles.

Truck lift system

FRESH

Hino’s Super Twin Ace

vehicles, either to comply with government legislation or the vehicle owner’s requirements without affecting any other aspect of the vehicle’s operation. “Aside from reducing road accidents due to controlling of the vehicle’s speed, Speed Limiter also helps improve fuel consumption and emissions,” explains Benedict Go of Pioneer. The device works by way of controlling the fuel ﬂow system (for vehicles without engine managements) or by a drive by wire system. “The ECU is connected to a speed signal (electronic speedometer, ABS or mechanical sensor) and receives frequency signals while the vehicle is moving. At a pre set frequency, say 80kph, the ECU transmits a signal to the engine management system which then holds the vehicle’s speed. The operator/owner can pre set the maximum speed of the truck or van as he wishes,” explains Go. Aside from preserving the vehicle’s engine because of rev and speed control, the speed limiter will stop erring drivers from over revving and immediately equate

ALL brands of trucks coming into the Philippines. The best brands to buy are those with economical spare parts and reliable maintenance and service centers. Servicing trucks and large heavy tonnage vehicles takes a long time, so you need heavy duty lifts to do the job faster. These are the lifeline of and truck service center. For the past few years, industry pioneer Emicor Inc has been providing the truck industry with reliable heavy duty lifts. Emicor offers a full line of truck lifts to ﬁt any need. With a variety of lift systems to choose from, EMICOR provides you with the option to choose what style lift best ﬁts your shop. Whether your shop handles buses, semis, or heavy trucks our lifts will give you every option you need - with the power and reliability that Power Twin Ace system is known for. This Ja-

pan made lift can handle lifting any way you need by wheels, runway, or axel. “The Power Twin Ace lift system is the perfect solution for shops that are moving to vehicle lifts for the ﬁrst time,” says Mike de Joya of EMICOR, the country’s largest car/truck lift system company in the country. EMICOR is also the exclusive distributors of the Smart Parking system. “Because it’s a drive-on lift, it’s easy for technicians to quickly get vehicles into position. And its quick rise time further minimizes the time they spend waiting to get to work,” adds de Joya. Unlike traditional four-post lifts that have controls located on a single post, the Power Twin Ace system lift features a patented compressed air system that makes it possible to service large sized vehicles simultaneously by pro-

viding a centralized piping of oil, compressed air, and lifts the vehcile high enough for mechanics to assess the vehicle under chassis and make repairs all in go. This allows service areas to improve their productivity by minimizing the time they spend walking around the vehicle. With no complicated or expensive electrical installation, no cables, chains or sheaves to maintain and fewer moving parts, the fully Power Twin Ace Lift system is less costly to install and easier to maintain than a traditional four-post lift. “This system is 100 percent made in Japan and is ideal for truck service shops,” adds de Joya. For details on how to fast track your truck service requirements, you may call +632 3723601 to 05 or log on to smartparking@emicor-inc.com for details.

SCuELA Taller de Filipinas Foundation, Inc. and the National Parks Development Committee (NPDC) gathered members of the community around Paco Park in Manila to launch an education campaign to increase awareness, promote public interest to visit the park, and foment greater involvement in the use and preservation of this heritage site. Among those who attended the event were barangay officials, business owners and students from various schools in the area, including the university of the PhilippinesManila and Manila Science High School. The event’s highlights included the unfurling of the campaign banner “May Paki Alam Ako Sa Paco Park,” which declares the community’s support and concern for Paco Park. The slogan plays on the premise of “paki” (care) and “alam” (knowledge), which suggests that caring begins with knowing and thus, explains the necessary awareness and education components of the project. “Heritage assets can only be alive and significant if the communities around them makes use of them and continue to help protect them,” said angeline calurasan of Escuela Taller de Filipinas Foundation, Inc. who is spearheading the program. Escuela Taller is enthusiastic about the participation of the youth especially since ET is an institution that trains out -of-school in the construction trade and in heritage conservation skills, and, since 2009, has helped restore several important historical buildings including Malate Church, San Agustin Church and many others. “The youth plays an important role in these efforts because they will be the future users and custodians of these sites and it is just necessary that we get them involved in these initiatives,” said carmen Bettina Bulaong, Escuela Taller executive director. Likewise, ET recognizes the importance of community participation to constitute meaningful heritage conservation efforts for both tangible and intangible Filipino heritage assets. Participants were also shown the ongoing restoration of the ossuary of Paco Park. The ossuary is the section of the park once used as a repository of bones when it was actively used as a cemetery during the colonial period. Escuela Taller graduates are working in its restoration while being supervised by experts. Restoration at the ossuary is expected to be completed by March 2018. Meanwhile, NPDC had allotted P12 million for the overall conservation program of the rest of Paco Park. Bulaong, ETFFI executive director, NPDC Executive Director Penelope Belmonte and Patricia May Lopez, chief of staff of the Office of the Commissioner, National Youth Commission graced the event. The Dominicans in the Philippines built Paco Park, one of the last remaining colonial cemeteries still intact. It is known as the site where Jose Rizal was buried after he was executed in Bagumbayan (Luneta) and is also known as the site of the remains of Gomburza. Paco Park, formerly known as Cementerio General de Dilao, was officially declared a National Cultural Treasure in 2015. This series of seminars and workshops is made possible with the support of Spanish Agency for International Development Cooperation (AECID).

Life

HealtH and environment

Isah V. Red, Editor Bernadette Lunas, Writer isahred@gmail.com satuRday, noVemBeR 11, 2017

Escuela Taller de Filipinas Foundation, Inc. and the National Parks Development Committee launch an educational campaign in a bid to preserve Paco Park

escuela taller’s efforts seek to

preserve Paco Park The campaign banner, ‘May Paki Alam ako sa Paco Park’ focuses on the necessary awareness and education components of the preservation project

New shelter for children

Cheers for Sandy Montano Sandy Sanchez-Montano (left) receives the recognition for Community Health Education Emergency Rescue Services (CHEERS) Foundation

By Robbie Pangilinan Sandy Sanchez-Montano has come a long way from the traumatized teenager to where she is now. When Sandy was 18, the big earthquake happened. She was in school and her professor, clearly not knowing what to do, just told the students to go home. Sandy, who did not have any family in Manila, went to her boarding house to get her things when the building above her collapsed. With three others, she was trapped under heavy debris for three days. Her story of survival was featured in Panahon TV. Looking back, Sandy realized that proper disaster management is a must. She says if only her teacher was prepared for disasters like earthquakes, further damage could have been prevented. So she became an active volunteer for Red Cross and other organizations. It was her way of getting over her trauma. “I needed to release my anxiety so I continued studying nursing then had pre-hospital training and of course, my volunteer service as a first aider and first responder. I was a very dedicated volunteer of Red Cross, I was sent to Japan in 1994, my first international trip,” recalls Sandy. She was faced with the dilemma of representing the country but missing her college graduation. But Sandy was determined to go, so she asked for permission from her school.

In her six months stay in Japan, Sandy advocated for food security through the wonder plant moringa oleifera or malunggay, which is plentiful in the Philippines. “At that time, we were looked down upon as a country of beggars, always asking for donations. For me, if you only knew the treasures we have in the Philippines, like malunggay, we can be self-supporting and there will be food security,” shares Sandy. It was also her first time to hear about Malungai LifeOil, being a major sponsor of the Japan trip. LifeOil is the world’s first and only product developed from pure moringa oleifera seeds and leaves. The potent gel capsule is all natural and is packed with vitamins, minerals, essential amino acids, and phytochemicals. It was not until 2012 that Sandy started taking LifeOil herself. She was in Jakarta, Indonesia as the coach of the Philippine team for the ASEAN Skills Competition. “Yung Philippine Delegation, lahat sila medyo tinatrangkaso na, nagkakasakit na eh syempre ako yung coach ng caring so I had to bring first aid kits and medicines to the members of the team. A friend of mine told me, ‘LifeOil pinakamaganda dyan. And I have proven it,” says Sandy. When she got back home, Sandy told her parents, who are 77-years old, to stop taking all their other food supplements and just take LifeOil. Her parents are able to sleep better and eat better. As for Sandy, she no-

ticed that she did not feel any downtime even when she is multitasking . Sandy, the first ASEAN Woman Leader, an Outstanding ASEAN Woman Entrepreneur, and the ASEAN Skills Network Head Delegation, established the Community Health Education Emergency Rescue Services (CHEERS) Foundation in 2006. Community Health Education Emergency Education (CHEERS) Corp. is a TESDAand CHED-accredited training institution that provides top quality, innovative and updated Technical and Vocational Education and Training Programs. “My husband and I saw that there’s a huge gap, 85 percent, between the pre-hospital training and the hospital practice so there’s a need to professionalize the training of the rescuers. We envision CHEERS to be the gateway for Filipinos who would like to be trained and internationally certified,” says Sandy. CHEERS has 42,000 graduates, with 90 percent of them now working abroad. At the recent APEC Summit, CHEERS was featured as one of the chosen success stories. CHEERS is also the first international training center in the Philippines certified by the American Heart Association. “I am so happy that the AHA wrote us a letter, they want us to cover Myanmar, Indonesia, and Cambodia,” beams Sandy, who plans to set up the first paramedics school in the country soon.

DMCI Homes joined hands with CRIBS Foundation, Inc. in creating a new sanctuary for abandoned and abused children in Antipolo City as part of its “Kaakbay” corporate social responsibility (CSR) program. It donated construction and finishing materials to be used for CRIBS’ new shelter. CRIBS is an apostolate established to provide temporary care to dependent, neglected, abandoned and surrendered infants, and sexually abused girls. The non-government organization will relocate from its original home in 15 Major S. Dizon Street, Industrial Valley, Marikina City to C. Lawis Extension, Barangay San Luis, Antipolo City by yearend to give a safe and loving home environment for each child resident. The current CRIBS shelter sits on the Marikina fault, which is among the reasons that forced the apostolate to consider a change in address according to Cristina Estrada, CRIBS Chairman of the Board. “Actually it’s not just an issue of earthquake but also an issue of flooding and fire. The one that precipitated us to look for another home was ‘Ondoy.’ The flood went through our doorstep. We also experienced a fire that engulfed two houses before us,” related Estrada in an interview.

“So, we said, it has to be a safe home for the babies. Second one is we realized our babies didn’t have fresh air and they didn’t know how the sky looked like at night. They could not see the moon. We’re happy that DMCI Homes is a part of this new shelter,” she added. The new CRIBS shelter in a 3,000 square meter-lot in Antipolo City will still feature two buildings and connecting offices, with one structure devoted to its “New Beginnings” program for sexually abused young girls. CRIBS will also still limit the number of child residents to maintain the quality of care given by the shelter. “Twenty-seven at most. We want to maintain the quality of care also. It’s hard to expand because the quality of care will suffer,” she said. Jan Venturanza, DMCI Homes AVP for Marketing, for his part, said DMCI Homes is privileged to be in partnership with CRIBS in bringing comfort to the child residents of the apostolate. “We at DMCI Homes are happy that in our own little way, we were able to contribute to this very noble cause,” he shared. Kaakbay is a DMCI Homes CSR program, which aims to support advocacies beneficial to the Filipino society.

DMCI HOMES AVP for Marketing Jan Venturanza and Corporate Communications Manager Jhops Cruz are flanked by CRIBS officers namely Board Member CB Garrucho, Chairman of the Board Cristina Estrada, Board Member Marites Ingles, and President Ollie Campos during a site visit at the new shelter of CRIBS in Antipolo City recently.

CYAN MAGENTA YELLOW BLACK

Life

saturday, november 11, 2017 isahred@gmail.com

Protecting your daughter’s future with HPV Vaccination

F THERE is a vaccine that parents should not overlook in deciding for the welfare of their daughters’ health, it is the one against HPV or the human papillomavirus, according to vaccine proponents in the country. Dr. May Montellano, past president of the Philippine Foundation for Vaccination (PFV), reminds Filipino parents that vaccinating against HPV means helping protect their daughters from the deadly disease of cervical cancer, as well as other HPV-related infections and malignancies. “There is absolutely no reason why we should not take advantage of the single most important benefit that HPV vaccination brings, and that is saving a life,” she says. It is estimated that every day in the Philippines, 18 new cases of cervical cancer are diagnosed, and 8 to 12 deaths occur due to the disease. People need to know that aside from cervical cancer, HPV is also the cause of cancers of the vagina, vulva and anus, and it is the primary cause of genital warts, which are the earliest signs of HPV infection and are most common in young adults. These go largely undetected, numbering into the thousands. Reducing or possibly eliminating the number of vaccine-preventable deaths is at the heart of what PFV and medical professionals such as Dr.

SCN FORM NO. 1 (R.A. NO. 9139)

Montellano do. A number of recommended vaccinations are already administered to infants and young children under the government’s Expanded Immunization Program, such as those for measles, polio, hepatitis B and others. However, awareness of vaccine-preventable diseases, such as pneumonia and cervical cancer, needs to be stepped up. HPV vaccination must be administered to young females before they reach the age of sexual maturity, which is around 9 to 10 years old. “The efficacy of developing immune resistance to the human papilloma virus through HPV vaccination is found to be optimum at this developmental age,” explains Dr. Montellano. Latest developments in vaccine technology have also given rise to a type of HPV vaccine that covers a wider number of strains of the virus, and thus wider coverage against a greater number of HPV-related diseases. In fact, the HPV vaccine, which has broader coverage is also indicated for young males. Males are just as likely to be at risk for HPV-related diseases such as genital warts, anal cancer, and even pe-

suffering from mental alienation or from any incurable contagious disease. The country of which I am a citizen or subject is not at war with the Philippines and grants to Filipinos the right to be naturalized citizens or subjects thereof.

001447

REPUBLIC OF THE PHILIPPINES SPECIAL COMMITTEE ON NATURALIZATION IN THE MATTER OF THE PETITION OF SUN MI HWANG to be naturalized as Filipino citizen pursuant to Republic Act No. 9139.

13. It is my true and honest intention to become a citizen of the Philippines and to renounce absolutely and forever all allegiance and fidelity to any foreign prince, potentate, state or sovereignty, and, particularly, to SOUTH KOREA of which at this time I am a citizen or subject. I will reside continuously in the Philippines from the date of the filing of this petition up to the time of my admission to Philippine citizenship.

PETITION

14. My character witnesses are GENITA T. MENDOZA and LEONOR G. ZAMORA both Filipino citizens, of legal age, and residing at 137 MALAKAS ST., DILIMAN, Q.C. and 137 PRK. 2 BRGY. STA LUCIA, CALUMPIT, BULACAN respectively, who have executed sworn statements attached hereto in support of my instant petition, together with: (a) brief biographical data about themselves; (b) detailed statements on the dates they first came to know me, the circumstances of our initial acquaintance and the reasons and extent of our continuing familiarity; and (c) the number of times they have acted as character witnesses in other petitions for naturalization.

Pursuant to the provisions of Republic Act No. 9139, petitioner hereby submits a petition for naturalization to become a citizen of the Republic of the Philippines and respectfully declares:

15. Attached hereto as annexes and made part of this petition are the duplicate originals or certified photocopies of the following documents (please check the appropriate box):

1. My full name is SUN MI HWANG, but I have also been known since childhood as SUN MI or I have been judicially N/A . authorized to use the alias name(s)

[ / ] a. Petitioner's birth certificate [ / ] b. Petitioner's alien certificate of registration (ACR) [ ] c. Petitioner's native-born certificate of residence (NBCR) [ ] d. Petitioner's marriage certificate, if married [ ] e. Death certificate of his/her spouse, if widowed [ ] f. Court decree annulling his/her marriage or granting legal separation, if such was the fact [ ] g. Birth certificates of petitioner's minor children [ ] h. ACRs of petitioner's minor children [ ] i. NBCRs of petitioner's minor children [ / ] j. Affidavits of financial capacity by the petitioner, duly supported by bank certifications, passbooks, stock certificates, or proof of ownership of other properties [ / ] k. Affidavits of at least two (2) credible witnesses who must be Filipino citizens of good reputation in petitioner's place of residence [ / ] l. Medical certificate from a government hospital stating that petitioner is not suffering from mental alienation or a user of prohibited drugs or otherwise a drug dependent and that he/she is not afflicted with acquired immune deficiency syndrome (AIDS), or any incurable contagious disease. [ / ] m. School diploma and transcript of records of the petitioner from the school/s he or she attended in the Philippines [ ] n. Certifications stating that petitioner's minor children are enrolled in public schools or private educational institutions duly recognized by the DECS, where Philippine history, government and civics are taught and prescribed as part of the school curriculum and where enrollment is not limited to any race or nationality [ / ] o. Petitioner's income tax returns for the past three years [ / ] p. Petitioner's receipts of payment of income tax for the past three years

SCN CASE NO. x------------------ x

2. My present place of residence is 12-A TIMES ST., WEST TRIANGLE City/Municipality of QUEZON CITY Province of METRO MANILA and all my former places of residence are (please indicate periods of residence) 4-B EXAMINER ST., WEST TRIANGLE, Q.C. (15 YEARS) 3. I was born on JULY 13, 1994, in QUEZON CITY, Philippines. I have been a resident of the Philippines since birth. At present, I am a citizen or subject of SOUTH KOREA. 4. My father's name is YOUNG SOO HWANG and he was born on NOVEMBER 05, 1964, in DAEGU, KOREA. He is a citizen or subject of SOUTH KOREA. My mother's name is HYEON JEONG HWANG and she was born on JULY 16, 1969 in SEOUL, KOREA. She is a citizen or subject of SOUTH KOREA. 5. My trade, business, profession or lawful occupation is N/A and from which I derive an average annual income of N/A , inclusive of bonuses, commissions and allowances. My wife's/husband's trade, business, profession or lawful occupation is N/A and from which she derives an average annual income of P N/A . (Where the above does not apply): I am exempt from the requirement of lucrative trade or occupation and from submitting income tax returns for the past three (3) years because I am a college degree holder [please state (1) degree obtained:BS SPORTS SCIENCE, (2) name of school: UNIVERSITY OF SANTO TOMAS and (3) years graduated: 2016] who cannot practice my profession (the practice of which requires a government licensure examination) by reason of my citizenship.

NBI, BARANGAY, POLICE, RTC, MTC AND OFFICE OF THE PROSECUTOR CLEARANCES

7. I am legally separated from my spouse; my marriage was annulled, per decree of legal separation/annulment dated N/A granted by N/A. (please indicate the particular court which granted the same). I am a widower/widow and my spouse died on N/A in N/A.

WHEREFORE, it is respectfully prayed that petitioner be conferred Philippine citizenship pursuant to the provisions of Republic Act No, 9139.

8. I have N/A child/children, whose names, dates and places of birth and residences are as follows:

Dated at Makati City, Metro Manila, this 29 day of JUNE, 2017.

N/A

Date of Birth N/A

Place of Birth N/A

dr. may montellano urges women and parents who have daughters to get a vaccination against human papillomavirus (HPv)

BPI-Philam offers easy adulting and total wellness to millennials

FInAncIAL planning is a topic most millennials rarely consider. This is often seen in behaviors of impulse purchases— using their hard-earned money in things that are temporarily meaningful, that at times lead to a feeling of regret, or what is simply called a grudge purchase. A Goldman Sachs study revealed that generation “ME ME ME” would rather save up for vacations and leisure activities to enjoy their life now than invest in their future--marriage, a home, their own business, retirement plans, despite financial institutions constantly encouraging them to favor savings and investments. For Surendra Menon, cEO of BPI-Philam, millennials can choose to have the best of both worlds. “They can live their present life to the fullest and have a secured future at the same time,” said Menon. “It’s a misunderstanding that has to be clarified—protecting your future is simply making sure you can enjoy the lifestyle you have now and for the years to come.”

Hierarchy of needs

For Menon, gone are the days when insurance is seen as a contingency plan for sickness and death. BPI-Philam now offers itself as a partner for total wellness – securing both physical and financial health, providing better value for money. “Millennials have been hailed as the most health-conscious generation,” Menon attests. “For them, wellness is a priority. They are willing to spend money to exercise regularly and eat healthy. Our priority is the same, that’s why we’ve integrated ways for them to maintain that lifestyle with our products.” One of the ways BPI-Philam does this is by providing Philam Vitality with their policies—a wellness program designed to reward the policy owner for being and staying active. “Through Philam Vitality, we’re encouraging them to take that first step to wellness and keep at it by giving them unparalleled rewards and exclusive access to partners like gyms and medical facilities,” said Menon.

The Adultier Adult

He understands that taking the first step to financial planning through insurance might be a big leap from what millennials are used to. “This new generation of consumers is just wary of where they put their money. They aren’t ignorant of insurance,” he said. “They just want to be assured that they are getting the value in return of what they pay for. convenience and customizability are also a factor. We have all of those, but what we truly offer is peace of mind and a way to the wellness of the body.” To make it simpler for millennials to step out, BPI-Philam eases them into planning forward through platforms that will keep up with their mobile lifestyle. “These products are available and offered in all BPI branches across the country,” Menon enthused. “Whether offline or online, we are prepared to serve.” Aside from a bancassurance team ready to assist them anywhere in the Philippines, getting a hold of the most fitting policies have been made easier online through their website as well. Menon also urges them not to look at these plans with the future as an ultimatum to get adulting done but to look forward to an assured future and live a life of total wellness. “These plans aren’t short nor long-term,” he adds. “one should always look at what’s an appropriate term for yourself to ensure you get the best value for your money. Our products are based on the appropriate term for your needs.” Menon hopes informing this generation better of what financial wellness plans are available would align them to the direction they dream their lives would go. He believes that with the right financial mentor encouraging them, they will surely gain and win in each key moment in their lives. “I think they are done hearing what they could do,” he said. “It’s time we show them that we believe what they can do.” To take the first step in living life to its fullest, visit: https:// www.bpi-philam.com/en/our-products.html

16. Other documents submitted by the petitioner in support of his/her petition:

6. My civil status is SINGLE, I was married on N/A in N/A. My wife's/husband's name is N/A and she/he was born on in N/A. She/he is a citizen or subject of N/A and presently resides N/A

Name

nile and head and neck cancers, and recurrent respiratory papillomatosis. The key to maximizing the benefit of HPV vaccination is continuous awareness and education about it, for more widespread administration. “We need to look beyond the sexual stigma associated with HPV. It just so happens that HPV is transmitted through sexual activity.” says Dr. Montellano. There are those who think that vaccinating children against HPV may promote sexual promiscuity or activity. Another hurdle is that HPV infection is “silent,” which means that its manifestation may not be immediately seen until several years or decades later. Thus, the sense of urgency may not be there. It is important to protect individuals before they are ever exposed to HPV. “We need to accept sexuality as a normal part of human development and behavior. If we do not confront the threat of HPV and sexually-related diseases objectively, we will miss out on opportunities to overcome this problem effectively,” reminds Dr. Montellano.

PRAYER

Residence N/A

9. I received my primary and secondary education from the following public schools or private educational institutions duly recognized by the Department of Education, Culture and Sports (DECS), where Philippine history, government and civics are taught and prescribed as part of the school curriculum and where enrollment is not limited to any race or nationality:

Place of Dates of Highest Grade School Study Completed Q U E Z O N C I T Y QUEZONCITY 2000 to 2004 GRADE 4 CHRISTIAN ACADEMY M I R I A M C O L L E G E KATIPUNAN 2004 to 2008 GRADE 7 GRADE SCHOOL MIRIAM COLLEGE HIGH KATIPUNAN 2008-2012 4th YEAR SCHOOL

SUN MI HWANG Name and Signature of Petitioner Address: 12-A TIMES ST., WEST TRIANGLE, Q.C. Telephone Number: 0927-1386914

Name of School

Right Thumbmark of Petitioner

Petitioner's signature and right thumbmark

10. I am able to read, write and speak Filipino and/or any of the following dialects of the Philippines: 11. I have enrolled my minor children of school age in the following public schools or private educational institutions duly recognized by the Department of Education, Culture and Sports (DECS), where Philipine History, government and civics are taught and prescribed as part of the school curriculum and where enrollment is not limited to any race or nationality:

Name of Child N/A

Name and Place of School N/A

Date of Enrollment N/A

12. I shall never be a public charge. I am of good moral character. I believe in the principles underlying the Philippine Constitution. I have conducted myself in a proper and irreproachable manner during the entire period of my residence in the Philippines in my relations with the constituted government as well as with the community in which I am living. I mingled socially with Filipinos and have evinced a sincere desire to learn and embrace the customs, traditions and ideals of the Filipino people. I have all the qualifications and none of the disqualifications under Republic Act No. 9139. I am not opposed to organized government or affiliated with any association or group of persons who uphold and teach doctrines opposing all organized governments. I am not defending or teaching the necessity or propriety of violence, personal assault or assassination for the success and predominance of one's ideas. I am not a polygamist nor a believer in the practice of polygamy. I have not been convicted of any crime involving moral turpitude. I am not

REPUBLIC OF THE PHILIPPINES) CITY/MUNICIPALITY OF QUEZON CITY) S.S. I, SUN MI HWANG of legal age and a resident of 12- A TIMES ST., WEST TRIANGLE, Q.C. after being duly sworn, depose and say that I am the petitioner herein, that I have read the foregoing petition and know the foregoing petition and known the contents thereof, and that the same is true of my own knowledge.

SUN MI HWANG Name and Signature of Petitioner Driver`s License No. N25-12-608984

SUBCRIBED AND SWORN to before me at QUEZON CITY, this 22 day of JUNE 2017.

(MS-NOV. 4,11 & 18, 2017)

CYAN MAGENTA YELLOW BLACK

bPI-Philam offers products that let millennials enjoy the lifestyle they currently have and be secured in the future

Protect your liver with Liverguard SOME of the fat in the liver is normal but if it goes way beyond five to a maximum 10 percent of the overall weight of the liver, it can be too much and can be a serious health problem. The liver is the second largest organ in the body. It helps process everything we eat and drink; it filters the harmful substances from the blood. If there is too much fat in the liver, it can interrupt this process and fail to process the harmful substances from the food and drinks we intake. A fatty liver can do so much damage to your liver that it can cause liver failure caused by excessive drinking of alcohol, obesity, diabetes and genetic inheritance. Eating a high fat and high-sugar diet can also contribute to having a fatty liver too. Live a better life by making better lifestyle choices. Let’s

not forget that every organ is essential to keeping our body healthy and functioning the way it is supposed to. Take care of your liver with Liverguard. Liverguard helps repair damaged liver cells and strengthens the liver’s storage function. Liverguard has 450mg of Silymarin and 50mg of Lecithin, an all-natural ingredient that also acts as an antioxidant. These ingredients combined have the potential to shield liver cells and prevent further damage to your liver. Protect your liver with Liverguard. Available at Mercury Drugstores and other leading drugstores nationwide for only P15 SRP per capsule. For more information about Liverguard, visit https://www.facebook.com/liverguardtheliverdefender/

SATURDAY, NOVEMBER 11, 2017

Isah V. Red, Editor • Nickie Wang, Writer

‘MATILDA’ at Meralco Theater

TLANTIS Theatrical Entertainment Group announced the full cast for the internationally acclaimed musical, Matilda, which opened last night at the Meralco Theater.

Playing the title role are three of theater’s miracles: Telesa Marie “Esang” De Torres, whose most notable works include ABS-CBN’s The Voice, and the Les Miserables Asian tour, Uma Naomi Martin, who has made her theater debut in A Little Princess, and Felicity Kyle Napuli, who has been recognized as Outstanding Child Performer at the Gawad Musika Awards. They are accompanied by a team of incredible performers who ll appear as Matilda’s wacky and charming classmates, namely Gabrielle Aerin Ong and Maria Ericka Peralejo as Lavander; Denise Fidel Arteta and Chi Chi Tan as Amanda; Nicole Chien and Ella Gonzalez as Alice; Alba BerenguerTesta and Chantel Marie Guinid as Hortensia; Josh Nubla and Miguel Suarez as Bruce; Rhythm Alexander and Ian Albert Magallona as Eric; Gabo Tiongson and Pablo Miguel Palacpac as Nigel; and John Joseph Miraﬂores and Teddy Velasco as Tommy. Also, to give some show-stopping performances are Jamie Wilson as Miss Trunchbull; Cris Villonco as Miss Honey; Joaquin Valdes as Mr. Wormwood; Carla Guevara-Laforteza as Mrs. Wormwood; Emeline Celis-Guinid as Mrs. Phelps; Nel Gomez as Michael Wormwood; Bibo

BOOBSIE Wonderland, and Super Tekla signed management contracts with GMA Artist Center, making them the newest members of the GMA Artist Center family on Oct. 25. The two of them are grateful to be part of GMAAC, which is eager to hone their skills as they go along their chosen path in showbiz. Boobsie Wonderland is thankful that she can finally call GMA Artist Center as her new home. The Sunday PinaSaya mainstay quips, “Malaki po ang tiwala ko sa GMA-7 at dito po ako magdadalaga. Thank you po sa binigay niyong tiwala sa akin, and I can say na with them, I will find more ways to make people smile.” Meanwhile, Super Tekla has nothing but positivity as he inked a contract with Kapuso Network’s talent arm. “Matagal kong hinintay ‘to. Sobrang patient ako, at talagang nagtiyaga ako. Pwede ko nang i-claim na official and legit Kapuso na ako. Time will come at ibibigay talaga sa’yo ni God. Ngayon, yung aura ko very positive and I’m ready to work and work and work,” Tekla said. The newly signed GMA Artist Center artists will have their upcoming projects soon including drama series, sitcoms, regional and international events.

Cris Villonco as Miss Honey (left) and Jamie Wilson as Miss Trunchbull

Reyes as Rudolpho; and to complete an electrifying ensemble are Steven Conde, Tim Pavino, Rhenwyn Gabalonzo, Teetin Villanueva, Gerhard Krystoffer, Alex Reyes, Jim Andrew Ferrer, Gabby Padilla and Mica Fajardo. Matilda is directed by Bobby Garcia; choreography by Cecile Martinez; lighting design by Driscoll Otto; and musical irection by Farley Asuncion. Matilda The Musical runs until Dec. 10. Showtime is on Fridays at 8 p.m.; Saturdays at 2 and 8 p.m.; and Sundays at 2 and 8 p. m. Tickets are priced at P1,500 to P4,000 and available at Ticketworld (call 891-9999 or visit www.ticketworld. com.ph). For more information, visit http://atlantistheatrical. com/faq.

The full cast of the Manila staging of “Matilda”

New SKYDIRECT subscribers get early Christmas gift

From left: Co-manager Joselito Vallero, Boobsie Wonderland, and GMAAC Senior Manager Daryl Zamora

BOOBSIE and SUPER TEKLA newest Kapuso talents

From left: Co-manager Rose Conde, Super Tekla, and GMAAC Senior Manager Daryl Zamora

SKYdirect has an early Christmas treat for its new Prepaid subscribers until Dec. 31. SKY’s direct-to-home satellite TV service will open access to ABS-CBN HD, ABSCBN S+A, Cinemo, Yey, Knowledge Channel, GMA, TV5, and PTV 4 until March 31, 2018 without an initial load requirement. Subscribers can look forward to clear and crisp viewing of hit Kapamilya shows such as It’s Showtime, ASAP, Umagang Kay Ganda, ABS-CBN’s ﬂagship newscast TV Patrol and more on ABS-CBN HD. Kids can feast on well-loved cartoons, like Spongebob, Peppa Pig, and Strawberry Shortcake on Yey, and learn from Knowledge Channel’s MathDali and K-High. The whole family can enjoy Funny Ka, Pare Ko and FPJ’s Ang Probinsiyano Action Marathon on CineMo, and watch basketball, volleyball, boxing, and other

sporting events on S+A (ABSCBN Sports + Action). The SKYdirect Prepaid Kit that comes with an HD Box is now at a lower price of P3,499 instead of the regular cost of P3,699. If subscribers wish to access more channels, they simply need to load from any of the available Prepaid Plans 99, 150, 250, 450 or Kapamilya 99. Ordering is as simple as sending a text message to 23668. For more details, check out mysky.com. ph/christmasaya. Bonding with the family this Christmas will surely be exciting and wonderful by watching top-rating shows at home. SKYdirect is the satellite TV service of SKY that gives Filipino families nationwide access to a rich channel lineup with the aim of strengthening the relationship of families at home. SKY Cable is the cable, direct-to-home, and broadband unit of ABS-CBN.

Subscribers can enjoy “FPJ’s Ang Probinsyano” marathon on SkyDirect

PLDT HOME Fibr’s complete roll-out in Rockwell ARGUABLY, celebrities and VIPs usually have the more discriminating lifestyle. Their tastes on just about everything – food, clothes, accessories, and especially services - command attention in great detail. And because they want the best, the services they demand also amount to word-class proportions. Here is where the country’s leading telecoms and digital services provider PLDT HOME comes in. PLDT has recently completed the ﬁberization of the Rockwell Center, a premier lifestyle and business hub in Makati City, providing its residents ultra-fast broadband with speeds of up to 100 megabit per second (Mbps). This early, the personalities who reside in the Rockwell area are grinning from ear to ear with the Internet service they get from PLDT “making their lives so much easier and more enjoyable.” PLDT’s Fibr capability in Rockwell Center now covers all residential

condominiums, namely Rizal Tower, Luna Gardens, Hidalgo Place, Amorsolo Towers, Edades Garden Villas and Towers, Joya Lofts and Towers, One Rockwell, and The Manansala. “With PLDT HOME Fibr, Rockwell Center residents are now able to seamlessly download ﬁles, log-in to their social media accounts, stream their favorite movies, play online games, and a lot more on the multiple screens they use at home,” PLDT FVP and Head of Home Business Marco Borlongan said. “This is in line with our efforts to take the lead in bringing world-class internet to more Filipinos through the deployment of ﬁber facilities in more and more parts of the country,” he added. The Fibr roll out in Rockwell is expected to raise the online lifestyles of an already digitally savvy community to higher levels experienced like never before. As a fast-growing commercial

center, access to high-speed broadband allows enterprises to enhance their digital platforms for business and explore new opportunities to grow. According to PLDT FVP and Head of Consumer Business for Market Development Oscar A. Reyes, Jr., the Fibr roll out in Makati’s Rockwell Center and its surrounding areas complements the demanding and diverse broadband needs of its residents and tenants. “To be a worldclass community, you need world-class Internet and that is what PLDT Home Fibr will provide,” he said. “Rockwell Center is a major lifestyle and business hub, and having access to high-speed connectivity is a crucial aspect of any modern community looking to expand and upgrade. The Fibr experience is not just about connectivity; it’s a complete digital lifestyle. It’s the future of broadband.” “Fibr-powered families can experience up to 100 Mbps of

symmetrical internet speeds— which means subscribers may download and upload at equal high-speed,” Borlongan added. “This powerful connectivity also enables them to enjoy renowned entertainment options from PLDT Home’s game-changing entertainment box — the Roku PoweredTMTVolution which offers Cignal TV, and over 100 streaming channels including Netflix, iflix, and YouTube. PLDT Home Fibr also allows lag-free and stable streaming of high-quality, high-definition video content without pixelation.” With robust connection from Fibr, families can also take advantage of PLDT’s SmartHome security devices such as the home monitoring system Fam Cam, the cyber security platform Fam Zone, and the multi-functional kiddie gadget Smart Watch. Fibr subscribers can also now sign up for the country’s first-ever Whole Home WiFi service — the first

intelligent Home Wi-Fi technology in the Philippines. PLDT’s ongoing nationwide roll out is part of its mission to give more Filipinos access to high-speed broadband. So far, PLDT’s fiber facilities have passed 3.3 million homes and are expected to expand its coverage to about four million homes by the end of 2017. It is also deploying hybrid fiber technologies, such as Huawei’s G. fast which can boost data speeds up to 600-700 Mbps over copper lines. PLDT has invested around P300 billion or nearly US$6 billion over the last decade to roll out the country’s most extensive fixed and wireless network infrastructure which now has 150,000 kilometers of fiber optic cables designed to support the Filipinos’ growing use of fixed and mobile data. To find out how to subscribe to PLDT Home Fibr, visit www.pldthome.com/ fibr

SMALLmakers to largeof contractors often deal with the decutting edge water which offers a range of features that a releases from the Axor collections (Seen mand offiprecision, accuracy and alignment in their xtures recently released traditional property brokerage firm does here). construction applications. products in the Philippine market normally The unica E not shower set is provide. a flexible that allow users to easily choose handheld piece with a flat and round showerhead, plus a glassy finish. Rainmaker setheir options, and enjoy care-free lect are multi-jet overhead showers which wash and shower experiences. Hansgrohe is known for its function- uses both air and water pressure to produce al select water control, and extra-large bath rain. Hansgrohe products are distributed by showerheads known as the XXL feel-good Joel D. Lacsamana, Editor Kuysen enterprises, SATURDAY, NOVEMBER 11,importer 2017 of over globshower collections. jdlacsamana@gmail.com Following the flow of big and premium al bathroom and kitchen brands.

earn a commission on the lead; and a lead Homes also introduced a “Book-A-Tour”—via a generation and exchange service whose ded- ride-sharing app—where one can schedule visits icated Customer Relationship Management at their own time, and also ride for free.

A single misalignment is one of the quickest ways to ruin the project that may affect the design and quality aspects of the infrastructure altogether. Laser devices such as Bosch’s GCL 2-15 G professional combi Laser level device are designed to simplify precision work for tradespeople such as carpenters, electricians, installers and drywallers—even in unfavorable lighting conditions such as bright environments. They have proven to be a reliable companion in positioning windows exactly, or hanging ventilation ducts and ceilings accurately. The device also notiTHE Outlook by Lamudi—a comfies the user when there are irregularities in the surprehensive report on Philippine face: the product’s laser lines will flash if the device real estate— will be launched notices any serious abnormalities. on November 29 to at discover the Marquis until November 19, and hopes new HE ﬁrst Kohler Bold Design Events Place Taguig.design and talents in the realm of in property Awards (KBDA) was innovation. The unveiling of the nationwide launched recently in Manila The competition open forproperty all designers, survey ofis 10,000 seekhotel operators, and even and ers architects, will coincide withhospital an event to showcase emerging designers residential development property professionals. of bath and kitchen products, The award categories include: The Boldest – under this category, Living, Travel, Leisure, furniture sets and accessories, and Culture; and The Visionaries – under this are power systems and engines, and Inﬂuencers, Prodigies, and Icons. Announcement other household necessities. of nominees will be on the 28th of November. The KBDA is currently accepting entries Judges for the competition include Kenneth

For the brightest, Property showcase event the boldest T Big buy in Manhattan

acknowledging the industry’s best director Bhavna Suresh Chathamof the best using data generated beth. from the said survey. The thought leaders, she said, “The eventfounder will gather in- will come from the industry’s maCobonpue, of the Kenneth Cobonpue dustry’s thoughtCarmelo leaders for a daypresident jor sectors—namely, top-level rep(Philippines); Casas, and of discussion and knowledge shar- (Philippines); resentatives from real estate players CEO of Casas Architectures Simon Rawlings, directorspecializing of David in mixed-use or towning on what drives creative the real estate Collins Studio (UK); William Lim, founder of sector,” said Lamudi’s managing ship developments; representatives CL3 (Hong Kong); Antonio “Budji” Layug, chairman of BUDJI + ROYAL Architecture + Design (Philippines); Royal Pineda, CEO and principal architect of BUDJI + ROYAL Architecture + Design; and Bill Bensley, creative director of Bensley Studios (Thailand & Indonesia).

City to watch out for

from the design and innovation sector; and those from the residential and affordable housing segments. Lamudi’s research team is currently analyzing the results of the survey, and a first look of the report will be made available in early November.

Value for money for Kapampangans

JENRA, the Pampanga-based retail chain , recently opened its newest branch, Jumbo JENRA Dolores, in San Ferndando city. The fifth store in Tan Song Bok (TSB) Realty and Development Corporation’s line of commercial shopping THE days of boring, old-fashioned refrig-centers, Jumbo Jenro Dolores will be the biggest are in terms of selling area, and is envisioned to erators are gone. Today, manufacturers be a retail constantly innovating technologies. But shopping haven amidst the bustling community of Dolores. with the many brands available, how can development of JENRA supermarkets around you be sure that you are making The the right choice? European appliance Pampanga purveyor has increase urbanization of the province. The Beko advises that you ﬁnd the rightbrand type introduced state-of-the-art facilities for and size best suited for your improved household shopping conveniences for residents on the freezer, province. needs: single door, two door top TSB Realty is the developer of JENRA establishtwo door bottom freezer, side-by-side, bar ments in fridges, among others. Familiarize your-Angeles City and Mabalacat. Other JENRA locations are in Sto. Rosario; Angeself strength with the defrost the of the system. tourles ; Dau, Mabalacat City; and Sindalan. refrigerators developed theCity NeoismBeko of San Juan, BatanFrost+ This gas, andTechnology. this has been thetechnology uses powerful active dual cooling inspiration of Landco to systems that allow faster cooling, and keeps food develop a leisure tourism items stay fresharea,” longer.said Finally, make sure estate in the that you the mostLandof your refrigerators Cris M. get Zuluaga, by referring to its energy co CEO. Playa Laiya’sefﬁciency factor ratings. properties Beko refrigerators beach range are made with the brand’s environmental from 200-450 sqm, aver-vision in mind. Their refrigerators consume up to 64 percent less energy than identical products, thanks to its pro smart inverter compressor. aging at Php,16,000/sqm.

Right cooling partner

PROPERTY developer Anchor Land Holdings recently launched its third luxury condominium, the Copeton Baysuites, in Aseana City, the business, lifestyle and entertainment hub along Manila Bay. PLAYA Laiya, an up- stretches for 1.5 kilomeAnchor Land ﬁrst scale residential area in ters, and can be enjoyed ASCOTT Residence launched the Solemare Park- Trust (Ascott Reit) recently San Juan, Batangas was by Playa Laiya’s residensuites, the ﬁthe rst residential acquired 224-unit DoubleTree by Hilton Hotel recently launched by real tial community everyday. property in the–area, andSquare the New York Times South for US$106 million estate developer Landco. The residential propMonarch Parksuites, four(See photo). The development oferty comes with the towerThe enclave, and property one of is located in Midtown Manfreehold fers beach homes that are away privilege of of being able from City Dreams, It will be located at the residential project on the corthehattan company’s biggest resinear Times Square, one of the most visited justoftwo a half access resort the Playa Laiya and casino the and gaming striphours of antointegrated ner of Bellethan Avenue Ma- heart dential projects. Copeland locations in the world, with more 40 and million away from Metro Manila. Beach Club. complex. Aseana, just a few meters capagal Boulevard. Baysuites will be a 12-storey visitors each year. But the biggest attraction “The beach front of “This acquisition would strengthen our foothold in is the pristine beach that Laiya has always been NewCOLLAB. York, which saw record high visitor arrivals in KEY Mitsui 2016,”Co., said Tan, Ascott Residence Trust ManFudosan Ltd.Bob President Masanobu recently agementKomoda Limited’s (ARTML) chairman. visited Rockwell Land’s Ascott Reit’s serviced residences are mostly oplatest development, TheAscott, Citadines and Somerset erated under the Arton, in Quezon City. LIVING in the Philbrands. They are mainly located in key gateway citKomoda was welcomed by ippines, which goes ies such as chairman Barcelona, Berlin, Brussels, Guangzhou, Rockwell Land through months of monHanoi, HoManuel Chi Minh City, Jakarta, Kuala Lumpur, Ambassador soon every year, means London, Lopez. MitsuiManila, Fudosan Melbourne, Munich, New York, long days of rain. The entered a joint venture Singapore and Tokyo. Paris,into Perth, Shanghai, smartest way to protect agreement Ascottwith ReitRockwell is an indirect wholly owned subsidiary your house is to apply Land last August forLimited, the of CapitaLand one of Asia’s largest real essealants to repair cracks latter’s project. With and leaks. tate newest companies.

Sun-kissed community

Komoda were his executive managing officer (China and Asia) Akihiko Funaoka; executive managing officer Wataru Hamamoto; and executive director Tomoo Nakamura. “Rockwell is proud to share with him our master-planned communities in Makati, Pasig and soon, Quezon City,” said Ambassador Lopez. At a dinner hosted by the ambassador for Mitsui Fudosan executives were: Seated (left to right) :Rockwell Land senior business development manager Rinna Tiu; SVP for residential development Valerie Soliven; Nakamura; Komoda; Funaoka; Rockwell Land SVP Malou Pineda; AVP for retail Tin Coquiero; Interpreter Reiko Oneyama, The Arton project director Vienn Guzman. Standing: Komoda’s secretary Osamu Nakahara; Mitsui Fudosan Asia senior manager Yoshitsugu Homma; Rockwell Land VP Beaver Lopez; Ambassador Lopez; VP for business development Davy Tan; SVP for office development Mike Lopez; SVP for hotel and leisure Wing Chua; and AVP for project development Lucky Damaso.

No cracking sealant

Lighting up Pasig City

But most consumers The sealant that eas- which has “iwas crack” have different standards ily dries up and hardens technology. This slowof quality when it comes like cement has a ten- curing sealant is transto sealants. Since they dency to crack because formed into a tough, discover leaks only when it becomes brittle. Sure rubber-like gasket which they’ve started already, Seal’s “iwas crack” offers reasonable mothey think the quick dry- comes in handy. tion, contraction and exHomes all the stops to market ing variant is the most DMCI It is an is allpulling purpose pansion, withoutLumiere crackResidences, its cosmopolitan at the corner of Pasig effective. It is not. “elastomeric sealant”,project ing, or losing adhesion. and Shaw boulevards. DMCI promises a unique urban lifestyle for the Lumiere Residences as it turns over units in the ﬁrst of the project’s three buildings, the East Tower, a year ahead of schedule. The development’s offerings include one-bedroom units, at 28 square meters with prices starting at Php2.1 Mn.; twobedroom units, from 49 to 65 sq.m., with prices starting at Php2.8 Mn; and the 83 sq.m. three-bedroom units which are offered starting at Php5.4 Mn. Lumiere Residences will bear all the hallmarks of DMCI Homes’ design and engineering philosophy found in its other resort-inspired condominium communities, including its proprietary Sky Patios and Lumiventt technology that provide ambient air and light inside its buildings.

‘Feeling’, not just watching, movies VISTA Cinemas recently opened its second location, after Taguig, four new movie theaters equipped with MX4D Motion EFX

BAGGING THE BIG ONE. World Plaza, an office building developed by Daiichi Properties, recently won the gold medal in the ‘outstanding developer for the office’ category in this year’s FIABCI-Philippines Property & Real Estate Awards. FIABCI (International Real Estate Federation) is an prestigious business club of real estate professionals worldwide. The award comes at the heels of Daiichi Properties’ ‘five-star best developer website Philippines’ plum that the company received in the 2017 Asia-Pacific Property Awards held in Thailand a few months ago. The ‘outstanding developer’ award recognizes excellence in completed real estate projects, including architecture and design, development and construction, financial and marketing, environmental impact, and community benefits. Receiving the award was Daiichi Properties senior vice president Charmaine Uy (fourth from left); With her were (from left) chairman emeritus Florentino Dulalia Jr.; chairman Pedro Tario; FIABCIPhilippines president Nestor Mangio; architect and junior manager Gina de Vera; FIABCI-International World president Farook Mahmood; trustee Reghis Romero II; and Housing & Urban Development Coordinating Council deputy secretary-general Jeremy Marquez.

technology in the country at Evia Lifestyle Center in Vista City, Daang Hari. Three of the cinemas are ﬁtted with the latest in au-

dio technology—Dolby Atmos—which allows movie-goers to feel like they’re part of every scene. Sound produced by the Atmos System is projected from every direction in the cinema, creating a one-of-a-kind movie experience. All the theatres feature the latest evolution in 4D cinema technology, with MX4D theater seats that move in-sync with the action on-screen, while special EFX generators make viewers feel every jolt, poke, tilt, plus timed wind and mist atomizers.