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TODAY
Standard
Manila
Vol. XXVI No. 71 12 Pages, 2 Sections
P18.00 THURSDAY, May 10, 2012
THE United States will be
drawn into the conict if Phil-
ippine ships and aircraft are
attacked in the Pacic Ocean,
Foreign Affairs Secretary
Albert del Rosario said in a
statement Wednesday.
He said the United States
considered as part of the Pa-
cic Area the South China Sea
or West Philippine Sea, where
the Philippines and China
have sent vessels to press ter-
ritorial claims over the Scar-
borough Shoal, a group of
islands believed to be rich in
gas and oil deposits.
Citing the preamble of the
Mutual Defense Treaty that
the Philippines and the United
States signed on Aug. 30, 1951
in Washington, DC, Del Rosa-
rio said Both the Philippines
and the US desire to publicly
declare... their sense of unity
and common determination to
defend themselves against ex-
ternal armed attack.
By Florante S. Solmerin
DEFENSE Secretary Voltaire
Gazmin said Wednesday the Unit-
ed States seemed more interested
in showing off its military might
than helping the Philippines build
up its capability for territorial de-
fense through their 1951 Mutual
Defense Treaty.
Fresh from the talks in Wash-
ington with his counterpart, US
Defense Secretary Leon Panetta,
Gazmin said the Americans offered
By Joyce Pangco Paares
THE Palace on Wednesday
shrugged off talk that Chief Jus-
tice Renato Corona might drop
a bombshell that could damage
President Benigno Aquino III
when the magistrate testies at his
own impeachment trial for alleged
betrayal of the public trust.
Nada, said presidential
spokesman Edwin Lacierda said
when asked if Corona had the
goods on the President.
If anything, he said, Coronas
testimony would end the outstand-
ing questions on the $10 million in
foreign deposit accounts that he is
alleged to have.
He will be the one to tie up all
the loose ends in the stories, Laci-
erda said.
His testimony will weave all
the stories and shed light on all
his assets. The truth will
come out one way or
the other... This is something that
everybody is looking forward to.
Senate President Juan Ponce
Enrile on Tuesday promptly grant-
ed the defenses request to subpoe-
na Ombudsman Conchita Carpio
Morales and 10 other people in
connection with Coronas sup-
posed euro and dollar deposits.
He also approved Coronas
By Rio N. Araja
HACKERS attacked the
weather bureaus website on
Wednesday, sending its staff to
a backup address to avoid de-
laying their delivery of weather
forecasts, an ofcial said.
Arnel Manoos of the Philip-
pine Atmospheric, Geophysi-
cal and Astronomical Services
Administrations Engineering
and Technical Services Divi-
sion said they learned of the
attack when someone visited
their website WWW.pagasa.
dost.gov. ph and complained
about a browser warning.
We have activated a backup
website on the orders of chief
Nathaniel Servando, Manoos
said.
By Maricel V. Cruz
THE House ways and means
committee on Wednesday
passed a bill to restructure the
excise tax system on tobacco
and alcohol products to collect
more revenue from those, but its
opponents complained that the
palace railroaded its approval.
Voting 46-14, the panel
led by Davao City Rep. Isidro
Ungab adopted House Bill 5727
authored by Cavite Rep. Joseph
Emilio Abaya after Finance
Undersecretary Jeremias Paul
made a presentation on the mea-
sure, including some of the con-
troversial amendments to the
original bill.
House Minority Leader
and Quezon Rep. Danilo
Suarez complained that the
panel approved only the Aba-
ya version of the sin tax bill
without taking into consider-
ation the 11 other versions of
the bill.
Customs Commissioner Ru-
no Biazon and Manila Inter-
national Container Port Collec-
tor Ricardo Belmonte said they
could not overrule the Agricul-
ture Department each time it is-
sued issued a certication that a
shipment was in order.
We cannot simply conscate
or condemn a shipment as an il-
legal contraband when the [de-
partment] issues a certication
that the shipment is legal and
above board, Belmonte said.
The [department] issues the
permit to the importers.
Biazon agreed. He said on
Friday his men found some-
thing amiss when they had been
Next page
Gazmin: US not keen
on PH military buildup
Del Rosario:
PH assured
of US help
under pact
Pagasa web
hacked; Sino
words noted
Survey: Low
bribery in
govt offices
House panel okays sin
tax bill; critics protest
American solons want Clark veterans cemetery restored
Dept revamp will also address over-importation
Customs faults
Palace sees no Corona bombshell to hurt PNoy
Fallen heroes. Philippine and American ags y over the graves of
the American servicemen buried at the Clark Veterans Cemetery in Pam-
panga. A bill has been led in the US Congress seeking the restoration
and proper maintenance of the cemetery. ERIC APOLONIO
Inferno in the south. A remen tries to put out a re that razed a three-storey clothing store in Butuan
City. The early morning blaze killed 17 employees, mostly women, who were trapped on the third oor.
New address. Former President Joseph Estrada goes home to a new address in Sta.
Mesa, Manila, to meet the one-year residency requirement that would qualify him as a
candidate for mayor in next years elections. SONNY ESPIRITU
Butuan re kills
17 store workers
By Eric B. Apolonio
A BILL led in the 112th US
Congress, The Remembering
Americas Forgotten Veterans
Cemetery Act of 2012, seeks to
restore the American cemetery in
Clark, Pampanga, once the site of
a US Air Force base.
The bill was led by two
Senators Kelly Ayotte (Republi-
can-New Hampshire) and Mark
Begich (Democrat-Alaska) to
restore the Clark Veterans Cem-
etery, the nal resting place in the
Philippines of more than 8,300
United States service members
and their dependents.
The Remembering Americas
Forgotten Veterans Cemetery
Act would require the American
Battle Monuments Commission
to restore, operate and maintain
AN INFERNO at a three-story clothing store in
Butuan City early Wednesday killed 17 employ-
ees, most of whom were women who were asleep
and trapped on the top oor, ofcials said.
The re at the 10-year-old commercial build-
ing broke out at 3:55 a.m. and raged for ve
hours. Fireghters and police scouring the gut-
ted building found 17 bodies, city police chief
Pedro Obaldo said.
The re razed the whole middle block where
the workers quarters were located, Senior Po-
lice Ofcer 1 Virgilio Germata said.
no specics on the kind of mili-
tary hardware that the Philip-
pines could acquire from the US.
It only gave a general commit-
ment to strengthen the alliance
between the two countries.
He said Panetta spoke of
increased activities... focused
on addressing security goals
such as maritime security and
disaster response, a likely ref-
erence to the yearly Balikatan
or shoulder-to-shoulder joint
military exercises.
Gazmin said the two cutters
that the Philippines had acquired
were often portrayed as war-
ships by the media, but those
were really gunboats without
guns when they were turned
over to the Philippine Navy.
My only request which I
have conveyed to him [Panetta]
is that the cutters be upgraded,
Gazmin said, noting that the
rst ship, the BRP Gregorio
del Pilar, had been stripped of
all its weaponry except for one
76mm gun.
ONLY one out of every 10
Filipinos bribe ofcials to
facilitate their transactions
with government ofces,
according to a 2010 survey
by the National Statistics
Ofce that was commis-
sioned by the Ofce of the
Ombudsman.
A spokesman said the
survey was intended to
measure the scale of cor-
ruption in the country in
Hostile witnesses: From left, Walden Bello, Harvey Keh, Conchita Carpio Morales ,and Riza Hontiveros
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agri people for
meat smuggling
By Christine F. Herrera
A TOP-TO-BOTTOM revamp is up
at the Agriculture Department after the
Bureau of Customs pointed to it as the
agency behind the over-importation and
smuggling of meat into the country.
inspecting a shipment at the
Manila International Container
Port, but the departments people
overruled them.
My men found something
was wrong because while the
cargo was declared as offal and
fats, there were good choice cuts
in it, Biazon said.
But the National Meat Inspec-
tion Service and Bureau of Ani-
mal Industry people came to the
rescue and declared there was no
violation. I knew right away that
something was very wrong.
Biazon said he was power-
less to stop smuggling because
he and his men did not have the
expertise to classify meat and
could not contest the certica-
tion being issued by Agriculture
ofcials.
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News
ManilaStandardToday mst.daydesk@gmail.com MAY 10, 2012 THURSDAY
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THE airlines on Tuesday urged
the government to operate all
key airports, not only the Ninoy
Aquino airport, 24 hours a day to
make the country more tourist-
friendly and to help decongest
Manila.
They say the one-shift
system that starts at 8 a.m.
and ends at 5 p.m. is no longer
done elsewhere. It is also the
reason used by airport customs,
immigration and quarantine
personnel to charge airlines for
overtime and to pay for their
meals after 5 p.m.
Operating all airports 24/7
will certainly boost the countrys
campaign to project itself as a
major tourist destination and an
important regional player, said
Bayani Agabin, spokesman of the
Board of Airline Representatives.
Congestion is an issue in
Manila. This is one solution, and
it will help develop the regions
and generate jobs at the same
time.
Finance Secretary Cesar
Purisima recently ordered
customs, immigration
and quarantine ofcials to
discontinue the outdated one-
shift practice and go on three
shifts 24 hours a day and seven
days a week.
The airlines welcomed his
order and said they hoped the
required budget for it would be
released quickly.
Airlines urge govt: Operate all key airports Customs...
Belmonte said Congress
should arm the bureau with the
power to conscate contraband.
We are addressing the
concerns on smuggling and
over-importation by discussing
this issue with the Department of
Agriculture and the Department
of Finance, Biazon said.
This is an inter-agency
endeavor, but we were made
powerless to stop corruption and
smuggling in the importation.
The excuse did not sit
well with the hog and poultry
growers.
It is impossible that choice
cuts get mixed with the offals
and fats. You do not throw
away prime cuts and sell them
for less, Abono chairman and
Swine Development Council
director Rosendo So said.
We have been warning the
[Agriculture Department and
Customs] that technical and
outright smuggling, [false]
declaration and mis-valuation
have been happening, with
the unscrupulous importers
declaring the prime cuts as offal
so that they pay a tariff of only 5
percent instead of 40 percent for
prime cuts, So said.
So said the technical and
outright smuggling had been
resulting in the ooding of wet
markets with imported meat.
The technical and outright
smuggling cost the government
P3.7 billion in foregone
revenues each year and has
already killed 20 percent of the
backyard industry, said Agap
Rep. Nicanor Briones, a council
director.
Agham Rep. Angelo
Palmones said Customs ofcials
had the mandate to intercept,
conscate and condemn
smuggled products, perishable
or not.
It is the job of the Bureau
of Customs to police what gets
into the country and protect
our consumers and farmers and
those employed in the allied
industries. It is their universal
mandate, Palmones said.
Gregorio San Diego,
president of the United Broiler
Raisers Association, said the
poultry industry was also
suffering from the smuggling
and over-importation of meat.
From 45 million kilos of
chicken in 2008, the importation
grew by 178 percent to as much
as 127 million kilos in 2011.
In the rst two months this
year alone the imports already
recorded 20 million, San Diego
said.
Palmones also took Biazon to
task when he said the smuggled
Peking ducks and century eggs
that could be found in Chinese
restaurants, supermarkets and
grocery stores were locally
grown and manufactured.
Is that right? he said.
Why do are the Peking
ducks and century eggs sold
in the country labeled made
in China or manufactured in
China with matching Chinese
characters in the labels?
In a meeting convened
by Finance Secretary Ceasar
Purisima on Monday with
Agriculture and Customs
ofcials, the hog growers and
poultry raisers demanded that
Customs be given more power
to stop smuggling and over-
importation.
Agriculture Secretary
Proceso Alcala said steps
were being made to correct
the problem. He and Biazon
also agreed to purge the list of
importers and scrutinize the new
sets of applications.
American...
the Clark Veterans Cemetery
to honor the Americans buried
there.
Ayotte, 43, a junior Senator
who once served as Attorney
General in her state of New
Hampshire, was part of the
US Senate Armed Forces
Committee delegation led
by former Republican Party
presidential candidate John
McCain that met President
Benigno Aquino and Foreign
Affairs Secretary Albert del
Rosario in Malacaang on Jan.
17, 2012 to discuss US defense
and development assistance to
the Philippines.
Del Rosario had then said
that the US Mission to the
Philippines in January was
part of their trip to Southeast
Asia, including Myanmar
and Vietnam, to broaden and
deepen the defense and security
relations between the two states.
The group included Senators
Joseph Liberman and Sheldon
Whitehous.
From 1900 until 1991, the
Clark Veterans Cemetery,
formerly known as the Fort
Stotsenburg Cemetery,
was maintained by the US
government, but following a
volcanic eruption in 1991 the US
abandoned its Clark Air Force
Base, leaving the cemetery
covered by volcanic ash and
plants. Since 1994 volunteers
have attempted to maintain the
cemetery without assistance
from the US government.
The U.S. government has a
moral responsibility to care of
veterans cemeteries that honor
those who have bravely served
our country, Ayotte and Begich
said in a statement.
The American veterans
buried in Clark Veterans
Cemetery deserve a dignied
and well-maintained nal
resting place, and its time for
the US government to full its
responsibility to care for this
sacred ground.
Butuan...
Store employee Mylene Tulo, who escaped with two co-workers,
said she was roused from sleep as the re spread rapidly in the
third-oor ofce where they slept. Amid the inferno and yells for
help, she managed to dash out with her colleagues. They sustained
minor burns on their arms.
We wanted to rouse the others from sleep, but the re was
already too strong, a stunned Tulo said.
At least 20 employees, mostly women, were sleeping at the store
when the re broke out, Obaldo said. Many stores in the Philippines
allow their employees to sleep over, especially those with faraway
homes.
Relatives and friends, most of them in shock and tears, gathered
in search of loved ones in front of the building, where police stood
before body bags with the victims remains.
Obaldo said investigators were trying to determine what sparked
the re and if the owners violated re regulations.
The building in Agusan del Norte province was a theater before
it was turned into a commercial center with several stores, includ-
ing the Novo Jeans and Shirts, where most of the victims died.
AP, with Florante S. Solmerin
Del Rosario...
No potential aggressor
could be under the illusion that
either of them stands alone in
the Pacic Area, Del Rosario
said.
The Foreign Affairs
Department issued Del
Rosarios statement to
dispel doubts on United
Statescommitment to the
Philippines under the treaty.
The Philippines, a former US
colony, used to host American
military bases in the country.
The two countries also
have a military cooperation
agreement that includes joint
military exercises involving
thousands of troops. The
annual Balikatan or shoulder-
to-shoulder bilateral military
exercises also help hunt
terrorist groups in the
Philippines.
In a meeting with Philippine
ofcials in Washington last
year and in a subsequent
meeting in April, US Secretary
of State Hillary Clinton
reafrmed the United States
commitment to the Philippines
under the Mutual Defense
Treaty, Del Rosario said.
The Philippines and the
United States are longstanding
allies, and we are committed
to honoring our mutual
obligation, he quoted Clinton
as saying.
To clarify speculations
the US president would need
congressional approval to
commit forces overseas,
Del Rosario said congress
authorization would be needed
only if the engagement of US
armed forces abroad would go
beyond 60 days.
In the absence of an
actual armed attack, he
said, the Mutual Defense
Treaty provided that the two
countries should hold regular
consultations, and the recent
Two Plus Two meeting in
Washington was a mechanism
for such high-level consultation.
The foreign ministers or
their deputies will consult
together from time to time
regarding the implementation
of this Treaty and whenever
in the opinion of either of
them the territorial integrity,
political independence or
security of either of the Parties
is threatened by external
armed attack in the Pacic,
Del Rosario said.
Gazmin...
We requested that the second
cutter be given with its weapons
system [intact], Gazmin said.
He said the Defense
Department, with a P70-
billion budget for military
modernization, was eying a
third gunboat from Italy.
Earlier, Vice Admiral
Alexander Pama acknowledged
that the cutters that the US had
sent to the Philippines came
without their weapons.
The rst, the Gregorio del
Pilar, gured in a standoff with
Chinese surveillance ships in
the disputed waters near the
Scarborough or Panatag Shoal
on April 10.
On Wednesday, Gazmin
denied newspapers reports that
Chinese shing vessels were
barring Filipinos from shing at
the shoal.
We just communicated with
Vice Admiral Edmund Tan of
the Coast Guard and he said the
report is not correct, he said.
China now has four maritime
surveillance ships and several
shing boats near the shoal
compared to the only two ships
from the Philippine Coast Guard
and the Bureau of Fisheries and
Aquatic Resources.
Gazmin said Filipino
shermen at times outnumbered
the Chinese in the disputed area.
Presidential spokesman
Edwin Lacierda on Wednesday
denied reports that China had
33 vessels in the area, which he
described as relatively calm.
Based on the latest report
from the Coast Guard, Lacierda
said, there were only 11 Chinese
vessels in the area: two shing
patrol boats, two maritime boats
and seven shing vessels. The
rest of the reported 33 vessels
were actually rubber boats, he
said.
The situation has been
relatively calm, Lacierda said.
They have tolerated each
other. So far, we have not
received reports on recent
incidents that would constitute a
provocation.
In Congress, Senate
President Juan Ponce Enrile
said the country must build up
its military capabilities.
We better buy our weapons,
our means of defense, he said.
What will you do if your
neighbor who lives far from
you goes to your backyard with
a sword, a bow and arrow or
a javelin? You buy your own
weapons and sharpen your
machete.
We cannot get a TRO
[temporary restraining order]
from the International Court of
Justice.
Enrile accused China of
being a land grabber.
At a hearing Wednesday,
Masinlocs ofcials said
shermen were complaining
that Chinese vessels had blocked
their entry to the lagoon.
Also on Wednesday:
The government said its
trade relations with China would
not be affected by the ongoing
dispute over the Panatag Shoal.
Philex Mining Corp. said
its talks with China National
Offshore Oil Co., Chinas state-
owned oil and gas rm, for
a possible joint development
of the Recto Bank could
trigger similar talks with other
claimants.
Labor groups said they
would rally in front of the Chi-
nese consular ofce in Makati
to denounce Chinas bullying in
the West Philippine Sea.
With Joyce Pangco Pa-
ares, Joel E. Zurbano, Julito
G. Rada, Alena Mae Flores
and Vito Barcelo
Pagasa...
The bureaus defaced homepage showed Chinese characters and
several messages that included Hacked by Net user and Just Fun
Fun a Fun.
The agency now uses its backup website WWW.kidlat.dost.gov.
ph. It was the ninth government agency attacked by hackers.
Manoos said they still had no idea who was responsible for
the attack. The Chinese characters did not mean Chinese were
responsible.
The Budget Departments website was attacked in April. Its
defaced homepage displayed a Chinese ag with the words Dont
trouble the Chinese. Dont play with re.
Hackers have also attacked the websites of the Health Department,
the Bureau of Customs, the National Disaster Risk Reduction and
Management Council, the National Commission for Culture and the
Arts, the Housing and Urban Development Coordinating Council,
the Transport Department, the University of the Philippines, the
National Police and the Department of Foreign Affairs.
Palace...
lawyers request for a 48-hour
continuance to allow defense
lawyers to prepare.
Also to be subpoenaed are
civil society leader Harvey
Keh, Akbayan Rep. Walden
Bello, former Akbayan
Rep. Risa Hontiveros, and
fellow complainants Ruperto
Aleroza, Gibby Gorres, Albert
Concepcion, Ernest Francis
Calayag, Moses Albiento, Tristan
Zinampan and Emmanuel Tiu
Santos.
Corona earlier denied the
existence of the $10 million,
adding the Ombudsman had no
jurisdiction over impeachable
ofcials such as himself.
In the House, opposition
lawmakers predicted an acquittal
for Corona after he agreed to
testify.
House Minority leader and
Quezon Rep. Danilo Suarez
and House Deputy Minority
Leader and Zambales Rep.
Milagros Magsaysay said the
defense panels decision to
present Corona was a welcome
development.
The impeachment hearing
next week will be very
interesting, Suarez said.
We in the minority have
sympathy for the chief justice.
It is welcome news to us that he
himself will testify. Everything
hangs on his testimony.
Suarez said testifying in
the impeachment court would
give Corona the opportunity
to disprove the prosecutions
allegations that he owned 45
pieces of property but failed to
declare them in his statement of
assets, liabilities and net worth.
Corona had nothing to fear
because the public was fully
aware of the prosecutions
blunders during the trial, an
indication they had a weak case,
he said.
Magsaysay said Carpio
Morales, who had raised
allegations against Corona,
should be ready to testify under
oath. Everybody wants to know
the truth, she said.
They might as well bring the
Ombudsman to the impeachment
court so that we can see if there is
a basis for her allegations.
During the Senate
impeachment trial on Tuesday,
the defense lawyers led by Jose
Roy asked the impeachment
court to subpoena Carpio
Morales and Bello, who had led
a complaint with the Ofce of
the Ombudsman against Corona
over his alleged dollar accounts.
Magsaysay said this was the
best time for the chief justices
accusers to substantiate their
allegations at the trial.
Whether the Chief Justice is
acquitted or convicted, at least
we can have closure, she said.
Aurora Rep. Juan Edgardo
Angara said Coronas
willingness to testify on his
alleged $10 million account was
an indication the prosecution had
a strong case.
We in the prosecution
believe that unless rebutted or
satisfactorily explained by the
defense, our evidence is enough
to sustain a conviction, he said.
In approving the subpoena
on Bello, Senate President
Juan Ponce Enrile said the
lawmaker had waived his inter-
parliamentary immunity because
he was a complainant in the case
against Corona.
Last week, the Ombudsman
ordered Corona to respond to the
allegations contained in several
complaints led separately by
Hontiveros, Bello, Keh and
Santos that the chief justice had
$10 million in bank accounts
even though her ofce has no
jurisdiction over impeachable
ofcials.
Corona dismissed the
allegations as an act of retaliation
after the Supreme Court ordered
the distribution of Hacienda
Luisita, which is owned by the
Presidents family. With Maricel
Cruz, Joel E. Zurbano and John
Anthony Concepcion
Survey...
terms of actual experience as
opposed to mere perceptions or
public opinions as reported by
local and international survey
groups.
Only 10 percent of those
who accessed government
services paid bribes or grease
money to an agency ofcial to
facilitate transaction or avoid
problems, the Ombudsman said
in a statement.
The agency released the
results of the survey during
the celebration of its 24th
anniversary. The survey covered
26,000 households as rider to
the NSOs 2010 Annual Poverty
Indicators Survey.
Another survey conducted
by Transparency International
as part of its 2010 Global
Corruption Barometer showed a
16-percent incidence of bribery
in the Philippines.
The Ombudsman attributed
the supposedly low incidence
of bribery to reduced red tape in
government agencies, improved
service delivery and non-
tolerance of corruption by the
transacting public.
The least number of families
paid bribe or grease money
when accessing social services
compared to other transactions
such as registry and licensing
and payment of taxes, the
Ombudsman said.
The agency said three out of
four Filipinos offered money
without being asked, which
meant that most of the bribery
incidence in government
agencies occurred at the
instance of the giver and not of
government ofcials.
Ninety-nine percent of those
who were asked to pay bribes
did not report the incident to the
proper authorities, the Ombuds-
man said.
John Anthony Concepcion
House...
Suarez cited his own bill that
seeks to reduce cigarette clas-
sification to a two-tiered sys-
tem of rates instead of four now.
The ways and means panels
swift action caught the lawmak-
ers belonging to the Northern
Luzon Alliance by surprise. They
complained that the Luisita
Express steamrolled the mea-
sure--- a reference to the sugar
estate owned by the family of
President Benigno Aquino III and
which the Supreme Court has or-
dered to be distributed to farmers.
Opposition Reps. Mitos Mag-
saysay of Zambales and Car-
los Padilla of Nueva Ecija said
some of the amendments that
were approved had not been de-
bated adequately or even dis-
cussed during earlier hearings.
This is anomalous and unfair.
We should be allowed to study
these amendments, Padilla said.
Magsaysay, a critic of the new
sin tax measure, said the Aquino
administration wanted the bill
approved to cover the shortfall
in tax and Customs collections.
Theres something wrong
with this revenue measure be-
cause the poor performance and
dismal tax and revenue collec-
tion efforts of the Aquino gov-
ernment is a totally different and
separate issue from the contro-
versial sin tax bill, she said.
Even administration ally and
House Assistant Majority Lead-
er Magtanggol Gunigundo was
upset by the phantom amend-
ments that were inserted into
the bill without the knowl-
edge of committee members.
He warned that the liquor and
tobacco industries would suffer
from the higher tax rates to be
imposed by the new sin tax bill
while their imported competi-
tors would benefit immensely by
paying less taxes as soon as the
bill was enacted and enforced.
The lawmakers from North-
ern Luzon, who represent to-
bacco farmers, failed to block
the sin tax bill because support
from the Nationalist Peoples
Coalition did not materialize.
The NPC took a party stand to
support the bill and its amend-
ments, even though its leader, Edu-
ardo Cojuangco Jr., is chairman of
the countrys largest maker of alco-
holic beverages, San Miguel Corp.
Isabela Rep. Giorgidi Ag-
gabao, the panels vice chair-
man, admitted that he and oth-
er NPC congressmen had no
choice but to support the bill.
The Palace on Wednes-
day hailed the approval of the
bill at the committee level and
said the measures passage
would give the debt-rating agen-
cies no reason to deny the coun-
try an investment grade status.
Presidential spokes-
man Edwin Lacierda said the rat-
ings agencies had committed to
an upgrade for the Philippines
once it had reformed its taxes on
cigarettes and alcoholic beverages.
We expect them to live up to
their promise that they will give us
investment grade status if we pass
the sin tax reform bill, he said.
The Philippines now has a
BB+ rating from Fitch Ratings,
its highest rating at one level shy
of investment grade. It also has a
BB rating from Standard & Poors
and a Ba2 rating from Moodys
Investors Service, both two
notches below investment grade.
The bill is a priority measure
of the administration that has
hurdled a significant step in the
legislative process, Lacierda said.
We look forward to the leg-
islative deliberations in plenary,
where we hope the majority of
Congress representatives will
stand alongside their colleagues
who support fiscal reform.
The administration hopes to
raise P60 billion annually through
higher alcohol and tobacco taxes.
With Joyce Pangco Paares
MAY 10, 2012 THURSDAY
A3 News
ManilaStandardToday mst.daydesk@gmail.com
CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK
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SSS claries who may
borrow from P7-b fund
Catholic radio man
killed in Mati City
IN BRIEF
Jimenez defends P63-m ad deal
Tondo bridge re-opened today after P96-m repair
Lakas
regroups
for 2013
elections
De Lima: Amend witness protection law
Fresh foreign investment. Sutherland Global Services chairman Dilip Vellodi shows President Benigno Simeon Aquino III and
Trade and Industry Secretary Gregory Domingo the scale model of the $50-million Carmona facility of the Sutherland and Global
Services. It will be the first facility to be developed by Sutherland in the country featuring an innovative campus-type design.
2
nd
DPWH multi-sector governance meet. Public Works Secretary Rogelio L. Singson discusses his departments
program for 2012 and the thrusts and directions he plans to pursue next year during the 2nd DPWH mulri-sector governance
meeting at the DPWH central office which was attended by (from left) Bantay Lansangan Executive Director Vincent
Lazatin; Director Alexis Acacio of the UP-College of Engineering; Council of Engineering Consultants of the Philippines
President Zenaida Abad; DPWH Undersecretary Raul C. Asis; Institute for Solidarity in Asia President Francisco C. Eizmendi
Jr.; Automobile Association of the Philippines Director David Arcenas; Construction Industry Authority of the Philippines
Research and Information Chief Lilian Salonga and (not in photo) Philippine Insititute of Civil Engineers Vice President David
Sanchez and CECOPHIL Treasurer Henry Muallil.
Sotto demanded that the department pull out the said television
commercial explain why the commercial was placed in the news
network even after it came out with a special feature, entitled Eye on
the Philippines, which he considered highly-unfair and damaging.
The special feature depicted the lives of Filipinos in slum areas
who eat recycled fastfood leftovers from garbage cans.
Sought for comment at the sidelines of the launch of the new
Bohol tourism, campaign dubbed Bohol: Heart of the Islands,
Truly Philippines, at the Manila Hotel, Jimenez said: Its just
unfortunate that the reporting is not always positive, but we cant
afford to be onion-skinned.
However, Jimenez said he hopes to be able to meet with Sotto to discuss
the senators concerns. I hope to have time to talk to him he said.
Jimenez said it was the cost of the commercial was worth
spending since it would be seen in Asia, US and Europe.
You dont have to worry because it is money well-spent that
will be provide a big gain to our tourism industry. It will benet the
country and our people, Jimenez said.
Jimenez said it was good he was able to convince the Department
of Budget and Management, Department of Trade and Industry and
the Bangko Sentral ng Pilipinas to help them bankroll the campaign
on the global news network.
He said they had already paid CNN half of the contract price for
the simple ad campaign that went on air on April 30, 2012. We still
have a to pay them the other 50 percent, he said.
He said the airing of the 30-second ad will be aired 2,093 times
over a period stretching until July.
It is the cheapest spot I bought in my entire career, said Jimenez,
who was one of the countrys top advertising men before he was
offered the DOT portfolio by President Simeon Benigno Aquino.
He said the new television commercial on CNN is part of the DOTs
international campaign to draw more tourists to the Philippines.
By Macon Ramos-Araneta
R. Jimenez Jr. defended the P63-million
advertisement contract with Cable
News Network amid threats by Senate
Majority Leader Vicente Sotto III that
he will work to slash the departments
budget to P1 in 2013.
By Rey E. Requejo
THE witness protection program
(WPP) of the Department of Justice
(DOJ) has loopholes that can be
addressed only through an amendment
of the law, Justice Secretary Leila de
Lima said yesterday.
De Lima disclosed that the lack of
controling power of WPP ofcials over
witnesses covered by the program,
especially those who defy rules and
provisions.
According to her, they have high-
risk witnesses who refuse to be placed
under round-the-clock security and are
placed under WPPs outside temporary
shelter (OTS) custody.
Those (deant witnesses) who
breach agreement should be terminated
from the program. But if we terminate
them, we will lose the cases in court.
So we are in a dilemma, a quandary
here, De Lima said.
We continue to discuss these
loopholes. Although the WPP has
already improved in the sense
that many witnesses now trust the
program and seek its help, she said,
adding that the only solution is to
amend Republic Act No. 6981, or the
The Witness Protection, Security and
Benefit Act.
Its worth pursuing. WPP should
be empowered to somehow restrain
witnesses to ensure their safety, she
stressed.
There must be some way in which
WPP can apply some coercive power.
WPP is not the jailer. We cant detain
them against their will. We are just
implementors for their security. But we
cant impose on their will. If they dsont
want to be secured, there is nothing we
can do, she said.
Lawyer Martin Menez, director
of the WPP, said they have 514
witnesses to protect and less than
175 personnel. We are considering
asking Philippine National Police for
augmentation of police officers to
help us provide better security to our
witnesses.
The DOJ ofcials revealed the
problems in WPP following the killing
of Alfred Mendiola, key prosecution
witness in the criminal cases against
alleged carjacking ring leaders Raymond
and Roger Dominguez for the murders
of Emerson Lozano and Venson
Evangelista last year.
WPP ofcials had denied any liability,
saying Mendiola did not want security
and was courting trouble while under
their custody.
It was learned that the witness last
left WPP safehouse last April 27 and
said he would go to a nearby province
with his boyfriend. The two, along
with their driver, were found dead
last Sunday in Dasmarias City,
Cavite.
THE government has spent a total of P95.75 million for the
reconstruction of the Honorio Lopez Bridge which will be
re-opened on May 10 during a simple ceremony to be led by
Public Works and Highways Secretary Rogelio Singson and
Manila Mayor Alfredo Lim.
Singson said the bridge, located across Estero de Sunog
Apog in Balut, Tondo, connects the Tondo area in Manila
with the Navotas and Malabon areas.
He said the 215-meter bridge features two 10-meter
carriageways and two 1.5- meter pedestrian sidewalk and
serves the mobility needs of people with disabilities for an
overall width of 19.26 meters.
Singson noted the increased traffic capacity to two
lanes per direction and upgrading of both approaches
will ease traffic congestion along Honorio Lopez
Boulevard coming from Balut to Gagalangin, Tondo,
Manila all the way to Navotas and Malabon and vice
versa.
It will also result to shorter travel time, and reduced
vehicle operating and maintenance expenses, Singson
said, adding that the re-opening of the bridge is in time for
the opening of classes for school year 2012-2013 and was
completed before the expiration of the contractors contract
on June 15.
More importantly, this is welcome news to both motorists
and cargo forwarders bound to warehouses in Northern Metro
Manila area that were adversely affected by the bridge closure
for more than a year, said Singson.
He cited the need to reconstruct the Tondo bridge due
to the recommendation made by the DPWH Task Force on
Building and Bridge Inspection in their 2006 inspection
report. It was found that the bridge was structurally decient
or unsafe.
The construction of the bridge was implemented by
the DPWH National Capital Region under contract with
Northern Builders.
By Maricel V. Cruz
DONT count us out yet.
These were the ghting
words of the House minority
bloc as they declared that they
still had sufcient command
votes to help elect senators and
other candidates in the 2013
elections.
House minority leader and
Quezon Rep. Danilo Suarez
said the Lakas-Christian Mus-
lim Democrats (Lakas-CMD)
will hold a national council
meeting on May 11 to discuss
strategies and tactical plans for
the coming elections.
Suarez said former president
and Pampanga Rep. Gloria
Macapagal-Arroyo gave the
marching orders to party
leaders of Lakas-Christian
Muslim Democrats (Lakas-
CMD) to consolidate the
remaining forces of the party
and to draw up new strategies
that would ensure the victory
of their candidates in the 2013
midterm elections.
Suarez, vice chairman of the
party, said he talked to Mrs.
Arroyo, who is conned at the
Veterans Memorial Medical
Center (VMMC) Tuesday night
about future plans of the party.
Suarez said Mrs. Arroyo
instructed him to strengthen the
chances of their candidates in
the next polls, especially their
senatorial bet, House Deputy
Minority Leader and Zambales
Rep. Milagros Magsaysay who
was adopted by the United
Nationalist Alliance (UNA) of
Vice President Jejomar Binay
and former President Joseph
Estrada.
In the case of Cavite Rep.
Lani Mercado-Revilla, Suarez
said they are still convincing
the wife of Sen. Ramon Bong
Revilla to run for the Senate.
Mrs. Arroyo did not want
the party to be neglected,
especially partymates and
members who have stuck it
out with Lakas Suarez told
reporters.
Lakas, the majority party in
the country during the term of
former president Arroyo has
been hit hard by defections
of party leaders and members
who are now members of the
Liberal Party (LP), the majority
administration of President
Benigno Aquino III.
THE Social Security System announced
only its members earning P10,000 or less
a month are qualied to avail its P7 billion-
worth college educational loan program.
The SSS said the Educational Assistance
Loan Program is intended for some
200,000 members of the agency or their
dependents to fund enrollment costs for
college, vocational, and technical courses.
The EALP aims to boost the countrys
socio-economic growth by developing a
larger pool of competent professionals
and skilled workers. It will also help
workers upgrade their knowledge and
skills to secure better jobs and provide a
brighter future for their family, said SSS
ofcer-in-charge Edgar Solilapsi.
The P7-billion educational loan will be
funded through P3.5 billion government
subsidy, while the remaining P3.5 billion
will be shouldered by the SSS, which
will carry six percent interest rate per
annum based on diminishing principal
balance until fully paid.
Solilapsi said it can be a revolving fund that
may be released to benet more borrowers as
these are recovered and collected.
Aside from the salary cap, guidelines
for the SSS educational loan facility said
that members should have at least 36
contributions, including three monthly
premiums within the past 12 months, to
become eligible for educational monetary
aid of one beneciary.
Beneciaries can be the SSS member
themselves, legal spouses, or children, and
unmarried members can use the loan for
their siblings. However, no substitution of
beneciary will be allowed to ensure that
students nish thir studies and obtain their
degree, Solilapsi cleared.
Maximum loan amount per semester
or trimester is P15,000 for college
and P7,500 for two-year vocational or
technical course. The loan releases will be
made payable to the school and must be
only used for tuition and miscellaneous
fees. Maria Bernadette Lunas
PHILIPPINE police say motorcycle-
riding gunmen have fatally shot an
anchorman for a Catholic Church-run
radio station in a southern city.
Police say they are investigating the
motive behind Tuesdays killing of Radio
DXHM broadcaster Nestor Sapidan
Libaton in Mati City.
The US-based Committee to Protect
Journalists called on authorities
Wednesday to bring the perpetrators to
justice. The watchdog says Libaton is the
second media worker killed in as many
weeks. It is not clear whether the killings
are work related.
The Philippines has one of the worlds
highest rates of unsolved media killings.
At least 151 reporters have been killed
since 1986.
Opinion Adelle Chua, Editor
ManilaStandardToday
mst.lettertotheeditor@gmail.com MAY 10, 2012 THURSDAY
A4
ANYONE looking for a reason why
the public views the press with such
suspicion and contempt need look no
further than the recent brouhaha over the
airport mauling of columnist and radio
broadcaster Ramon Tulfo by celebrities
who were angered when he snapped
photos of one of them scolding an airline
employee over their misplaced luggage.
Who was responsible for the well
documented melee that ensued is now
the subject of a court case, so we will
refrain from commenting on the airport
incident. The reactions to the melee,
however, were telling.
First, the National Press Club and other
journalists sprang to Tulfos defense,
saying that his mauling by the celebrities
and their entourage constituted an
attack on press freedom. But the case
that Tulfo nally led in court Monday
against the celebrity husband and wife
put things in their proper perspective.
This was a simple police case involving
grave coercion and physical injurynot
press censorship or intimidation. If the
photographer had not been a journalist,
but just some nosy bystander with an
active Facebook habit, would the press
be crying intimidation or impunity? The
truth is, most would gleefully report the
incident as one of those oddities that
editors and readers enjoy so much.
Then, just as it seemed things could
get no stranger, Tulfos three brothers
Erwin, Raffy and Ben Tulfo threatened
vengeance on their brothers assailants
on T3, their own public affairs
program on TV5.
Erwin Tulfo warned the celebrity
husband and wife to expect the wrath of
the Tulfo brothers.
His brother Raffy hurled invectives at
the husband, while Ben challenged him
to a last man standing free-for-all at
some empty warehouse.
Shortly afterward, TV5 issued a
statement disowning the threats issued
by the Tulfo brothers and its news
department pledged to discipline them.
News5 assures the public and all
parties concerned that the statements
made by the Tulfo brothers in its
program, T3, last May 7, 2012, were
unscripted, spontaneous, and do not in
any way reect the stand nor the policy
of the network, its management, staff,
and employees, the network statement
read. While we understand the emotions
at play during the broadcast, News5
does not and will never condone such
behavior. It was not only uncalled for but
also runs counter to the established Code
of Ethics that we all strictly adhere to.
We are taking necessary actions to deal
with this lapse in judgment on the part of
the Tulfo brothers and assure the public
that we remain committed to objective
and impartial journalism.
But those words seemed like so
many crocodile tears given TV5s track
record of entertainment masquerading as
public affairs, and the absence of swift
and unambiguous action against the
brothers belied the networks sincerity
in punishing the guilty.
Here is how the network describes the T3
show on its Web site: The Tulfo brothers
bring their distinct brand of public service
in a program that promises to deliver quick
action to peoples everyday concerns...
With hard-hitting yet compassionate
segments, T3 shows both the rough and
soft sides of the Tulfos.
Rough side indeed. The Tulfo brothers
actions exposed them as hooligans, plain
and simple, and TV5 as a network that will
do anything to get a foot in the ratings war.
Hooligans in the press
Hunger, not games
NOW that the Senate has been
promised the appearance of impeached
Chief Justice Renato Corona,
will we witness a reversion to the
independence and impartiality weve
grown accustomed to in the rst four
months? Or will we just have to live
with this new, unimproved version of
an impeachment court that seems to
be lusting for Coronas blood just as
much as the occupant of Malacaang
Palace?
Ive been
i n f o r m e d
that the new
combat i venes s
shown by the
Senate towards
the defense in the
trial has stemmed
from the refusal of
Corona to testify.
According to this
theory, the Senate
urged the chief
justice during
the month-long
Congress break to
make good on his
promise to take the stand in his defense
and to disclose his statement of assets
liabilities and net worth.
When Corona balked at the
demands, the Senate made its
displeasure very clearly known to his
lawyers during the two days since
the trial resumed. The current joke in
the session hall was that the Senate
leadership has so completely turned
around that the pro-administration
senators can no longer get time to
attack the chief justice at the podium
and in front of the television cameras.
Of course, the supposedly
independent senators know that they
are taking a calculated risk by now
appearing to be Coronas tormentors
and Malacaangs accomplices in
his removal. But if getting Corona
to testify and declare his SALN was
all that they wantedand not to aid
President Noynoy Aquino in his bid to
totally demonize and demolish the chief
justicethey have achieved their goals.
The true test of this theory will
certainly come soon, when the
witnesses called by the defense to
explain their fabulous tales of millions
of dollars disclosed in brown envelopes
delivered by phantoms with supposed
access to bank records appear. Until
that time, we must understand that
this looks like a completely new
impeachment court altogether.
* * *
The people are going hungry.
And from Malacaang Palace comes
the command: Let them eat political
vendetta and macho diplomacy.
Filipinos are reporting hunger in
record numbers, according to a new
survey conducted by Social Weather
Stations. And unlike the hunger that
consumes their political overlords, who
will be satised by nothing less than the
destruction of their enemies, ordinary
folk are simply driven to eat food scraps
already consigned to garbage cans.
The SWS survey, conducted in
March, found that 23.8 percent of its
respondents said they went hungry at
least once in the past three months.
This number beats the previous record
of 23.7 percent that SWS reported in
December 2008; self-reported hunger
also continues its upward trend, up from
22.5 percent recorded last December.
In more enlightened countries,
such scary numbers would lead to
drastic measures like make-work
and emergency food aid programs.
Political leaders elsewhere know that
when hunger stalks the land, no power
is secure.
Here, however, the authorities cannot
seem to be bothered. There is hardly any
talk about alleviating unemployment,
poverty and want
from the policy-
bankrupt Aquino
administration; what
we keep getting is
the irritating static
about going after the
political enemies of
this government, from
the unpardonable
Gloria Macapagal
Arroyo to the
unforgivable Chief
Justice Renato
Corona.
When President
Noynoy Aquino is
not talking about
how he has already eliminated
corruption (which he seems to dene
as persecuting his perceived enemies),
he simply disappears from view, no
doubt plotting their complete downfall.
In the meantime, media gives Aquino
a free pass by speculating about the
Presidents current relationship with
Grace Lee, as if nothing is more
important than the top government
ofcial nally getting a steady
girlfriend.
Two years into his term, there is no
determined effort on the part of Aquino
to stamp out poverty in the long term.
Investments continue to plunge, led by
the decamping of mining companies
that could have brought in thousands of
jobs and given work to tens of thousands
more who work in ancillary industries.
In the short term, Aquino has
thumbed down wage increases,
interventions in the prices of
petroleum and basic commodities,
reductions in taxes like VAT or other
measures apart from his continuation
of the previous administrations
monthly cash dole-outs. The poor are
basically left to their own devices,
as if Aquino expects poverty to just
disappear now that he has convinced
himself (without any real basis) that
corruption is no more.
Because Aquino was never poor
or hungry, he seems to be more
disconnected than most politicians
when it comes the plight of the less-
fortunate. By his ofcial actions, he
seems unable to grasp the concept that
the government should help the poor,
instead of just hiding them from view.
But if Aquino truly knows whats
good for him, should stop his posturing
in politics and foreign affairs and focus
immediately on giving aid to the poor.
After all, as one wag said, the poor
may get so hungry that one of these
days, they may be forced to eat the rich
and powerful like Aquino.
EDITORIAL
The $10 million question
AT LONG last, the die is cast. After
repeatedly saying that Chief Justice Renato
Corona need not take the witness stand
in the impeachment trial against him, his
counsel, out of the blue, assured the Senate
that the CJ will take the witness stand.
The promise though appeared
to have a condition: that is, that the
Complainants against the CJ in a pending
complaint in the Ombudsman, to wit,
former Akbayan Representative Risa
Hontiveros-Baraquel and Rep. Walden
Bello, together with Harvey Keh, and
no less than Ombudsman Conchita
Carpio-Morales; should be subpoenaed
by the Senate to appear purportedly as
hostile witnesses in the impeachment
trial. After which, the CJs counsel
promised that his client will take the
stand to rebut what these witnesses may
say. This is interesting. While the nation
has been left wondering about an alleged
700,0000 dollar account with PS Bank
allegedly belonging to the CJ and yet
undeclared in his SALN, the nation
gasped with horror at the possibility that
the CJ may have a lot more in his dollar
accounts. In fact, the amount is mind-
boggling: 10 Million or at least 420
Million pesos at todays exchange rate.
Theres an obvious difference
between the circumstances behind the
700,000-dollar placement and this later
10 Million deposit. In the case of the
smaller amount, it was the Prosecution
that asked the Court to subpoena PS
bank to bring and present to the Court
the documentary evidence for such
an account. When asked by the Court
where the Prosecution obtained its
information about the account, the
Prosecution panel claimed that a small
lady in the gallery of the Senate gave it to
Rep. Reynaldo Umali. It would later turn
out that Rep. Jorge Banal of Quezon City
had previously gone to the Katipunan
branch of PS Bank to inquire about this
700,000-dollar account. Rep. Banal in
turn, claimed that an unknown person
left the documents at his residence.
The Supreme Court then came to
the rescue of the embattled CJ when in
a petition led by PS Bank, the Court
issued an indenite temporary restraining
order which effectively stopped the
impeachment court from compelling the
bank to produce all relevant documents
relative to the $700,000 account.
This time, the $10 Million dollar deposit
was not even by reason of any document,
even information, provided by the
Prosecutors. Instead, what is clear on
the basis of newspaper reports are: One,
as alleged by veteran Journalist Ellen
Tordesillas in a story published by Vera
les, the Ombudsman allegedly had asked
the Anti-Money Laundering Council to
provide her with a copy of the documents
establishing that the CJ has an undisclosed
amount in dollar deposits in undisclosed
banks. This, according to Tordesillas,
the Ombudsman did in response to the
complaint led by Hontiveros et al.
Two, in a story carried exclusively by
the Philippine Daily Inquirer, the CJ was
allegedly asked by the Ombudsman to
explain in writing within 72 hours how he
acquired several peso and dollar accounts,
described as grossly disproportionate
to his salary. Quoting from Carpios
order, the PDI reported that the CJ was
allegedly asked to explain, among others,
how he acquired dollar deposits with an
aggregate amount of at least
US$10,000,000.
It was because of this second story
that Senators Miriam Defensor-Santiago
opined that the Ombudsman could
conduct a parallel investigation with the
impeachment court on the CJs concealed
dollar deposits. Senator Edgardo Angara ,
for his part, said that the impeachment court
could accept evidence emanating form
the Ombudsman in this regard. The legal
basis for both Senators opinions is found
in the Ombudsman law, which provides
that the said ofce may investigate even
impeachable ofcers for the purpose of
recommending to Congress the initiation
of impeachment against them.
Apparently, this was the game changer.
While the CJ, through his lawyers, lawyers
ignored the show cause letter of the
Ombudsman arguing that the said ofce
has no jurisdiction over an impeachable
ofcer such as the Chief Justice, the
results of such an investigation was
nonetheless, the reason why the CJ will
now take the stand. According to his
counsel last Tuesday evening, this was to
rebut the testimonies of Hontiveros and
the Ombudsman et al, which presumably,
will be adverse to the CJ. Obviously the
nation will be glued to the proceedings
specially when the Ombudsman takes
the stand, which she has said she will.
And the obvious question will no longer
be whether such a huge deposit exists,
which for all intents and purposes, appear
to be admitted. The issue now is why he
did not declare such an amount and how
he acquired this huge sum.
The plot thickens. Its denitely more
fun in the Philippines!
JOJO
A. ROBLES
LOWDOWN
From
Malacaang comes
the command: Let
them eat political
vendetta and
macho
diplomacy.
ATTY. HARRY
ROQUE JR.
VIEW FROM MALCOLM
ROLANDO G. ESTABILLO Publisher
RAMONCHITO L. TOMELDAN Managing Editor
CHIN WONG/ RAY S. EANO Associate Editors
RALEIGH J. JALECO News Editor
JOEL P. PALACIOS City Editor
ROMEL J. MENDEZ Art Director
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MAY 10, 2012 THURSDAY
A5 Opinion Adelle Chua, Editor
ManilaStandardToday
mst.lettertotheeditor@gmail.com
THE unexpected nally came during
the 35th day of the impeachment trial of
Chief Justice Renato Corona when the
defense told the impeachment court that
the Chief Justice would testify so long as
the senator-judges would also subpoena
as defense hostile witnesses those
claiming that the Coronas had ill-gotten
and unexplained wealth amounting rst,
to a ridiculous sum of $10 million or the
equivalent more or less P430 million, and
allegedly documented dollar accounts of
$2 million in some banks.
Among those to be summoned by the
court are Ombudsman Conchita Carpio
Morales, who wants the Chief Justice to
explain the alleged $10 million; Harvey
Keh, former Anakbayan party-list Rep.
Riza Hontiveros; and party list Rep.
Warren Bello, all conrmed Corona
critics.
Personally, I
had also wanted
the Chief Justice to
testify to clear the
air of any doubts and
misgivings about
his peso and dollar
accounts in the wake
of so many statements
made in public that he
did not declare them
in his Statement of
Assets, Liabilities
and Networth. And
I believe that although the lawyers of
the Chief Justice may be able to explain
them, theres no substitute for the
respondent himself to come out clean.
The personal testimony of Corona
in a confrontation with his accusers
could well be the turning point of the
impeachment trial. It could clear a lot
of cobwebs in the minds of the senator-
judges about his SALN, and especially
on the part of the public, where the
battleground for peoples judgment
is mostly being fought. I believe as
a lawyer-journalist that the personal
testimony of Corona would validate
his sincerity of purpose and even his
innocence.
As for the validity of the charges of
hidden and ill-gotten wealth of the Chief
Justice, the ballgame now shifts on his
detractors, and even Malacanang to
prove their claims that the Chief Justice
committed culpable violation of the
Constitution and betrayal of public trust.
From having an impeachment trial
which are times gets boring and lled with
immaterial and irrelevant twists and turns,
suddenly, we will now be witnessing
which are lies and what is the truth.
And Santa Banana, what could be a
better proof that indeed, the rule of law
and the Constitution are at work.
* * *
Senator-judge Edong Angara looked
and sounded pathetic when he defended his
so-called constitutional duty to continue as
senator-judge of the impeachment trial of
the Chief Justice. He accused the defense
panel that sought his inhibition because
of conict of interest with his son, Aurora
Rep. Sonny Angara, being a prosecution
spokesman, and an administration
senatorial wannabee.
Angara was also accused of having
beneted from the Aquino administration
on infrastructure projects, which the
senator-judge denied as a malicious
attempt to acquit Corona.
From Day One of the impeachment
trial I had also sought the inhibition of
Angara as a senator-judge for the same
conict of interest, and having projects
like the Aurora Economic Zone funded by
Malacanang. But, when he talked to me,
somehow I relented and went soft on him.
Now, that the cat is out of the bag, the
refusal of Angara to inhibit as a senator-
judge can only reect on his probity, self-
respect, delicadeza, and even integrity, as
a senator. He knows only too well that a
judge must have that cold neutrality and
like Caesars wife, above suspicion.
As I often say when it comes to
probity, self-respect and delicadeza, its
a very personal thing for people. Some
have it, others dont. And Id like to say
the same thing to some senator-judges
who have been acting as lawyers for
the prosecution.
* * *
What is difcult to understand in
connection with the continuing debt
feud between the state-owned Bases
Concersion Development Authority and
the privately-owned Camp John Hay
Development Corp. is the fact that th
e BCDA is actually the one sabotaging
efforts of the CJHDevco to develop the
former American base and make it a
top tourist destination.
Lately, in the wake of a court case
sought by CJHDevco for arbitration,
which BCDA refuses to heed despite
the fact that this is explicitly provided
for in the RMOA for twice-revised
Memorandum of Agreement BCDA
refused to comply, and in fact, had wanted
to take over the leased property by force,
but was prevented by the court.
Among the acts of sabotage resorted
to by BCDA on the development of
the Camp by the leasee are the media
blitz and newspaper
a d v e r t i s e me n t s
warning locators,
residents and
investors because of
alleged infractions
by the lessee. My
gulay, BCDA even
went to the extent of
claiming that instead
of the 50 year-lease
of property by force,
but was prevented by
the court.
Among the acts
of sabotage resorted to by BCDA
on the development of the Camp by
the leasee are the media blitz and
newspaper advertisements warning
locators, residents and investors because
of alleged infractions by the leasee. My
gulay, BCDA even went to the extent of
claiming that instead of the 50 year-lease
of properties (25 years plus 25 years
renewable at the option of the leasee,
BCDA came out with an ad that the lease
would only be good for 25 years. How in
the world can BCDA unilaterally amend
the lease? That is stupid!
Santa Banana, I have seen lease
contracts with CJHDevco, and its there
in black and white that they could enjoy
the properties until 2046 to estafa suit
against the CJHDevco by some Koreans
who leased properties.
I dont why BCDA ofcials could lie
thru their teeth when four directors of the
BCDA were part of the CJHDevco board
from July 2008 to December 2011. Either
the BCDA people are stupid and dont
know what they are doing or its true as
inside information has it that BCDA will
take over the Camp and give it in a silver
platter to Ayala, which already has one
foot on Camp John Hay.
But, lets rewind a bit and trace the
root of the debt feud where BCDA
claims that CJHDevco is in arrears
for P3.2 billion, and as such, non-
payment prompts BCDA to take over
the property even by force. But, the
truth is that BCDA committed so
many breaches of contract that led to
revision of the MOA twice, and the
lack of development of the property.
Its simply that when theres no
development, theres no revenue, and
when theres no revenue, theres no
money to pay rentals.
Actually, there are two basic issues
in connection with this debt feud: one,
its the commission of so many breaches
on the part of the lessor (BCDA); and
two, CJHDevco has the right to remain
in possession of the property, and settle
differences thru arbitration.
Because of so many BCDA breaches,
CJHDevco lost P11.6 billion in potential
revenues from 2007 to 2011, against its
estimated revenue of P12.1 billion had
BCDA fullled its contract. Now, BCDA
is claiming payment of P3.2 billion in
back rentals. My gulay, BCDA wants its
cake, and eat it too!
The irony of it all is that it was
CJHDevco that saved the government
from a disaster when the former took
over the lease of Camp John Hay when
the winning bidder failed to comply with
the terms of the contract or lease.
Corona testimony
the turning point
La-La-Land
LOS ANGELESFrom the fresh,
wide-open spaces of Iowa, its a jarring
shift to the cacophony and color of LA.
It is late spring and the days are warm,
the nights chill. Buildings and homes
of wood, adobe, and concrete line the
roads and blanket the hills. Cars zoom
on cracked roads. Garish neon lights
spell open, cerveza, deli.
Its a bustling, vibrant city, like
Manila but sped up a hundred times
faster. Scenes ash by like in a lm.
At a ritzy bakery, two well-
groomed men complain about the
two queues that have formed in front
of the pastry cases. Whats with the
lines? Is this a tourist destination
now? Im going to the Glendale
branch. But its way hotter here in
Burbank! Did you see that woman,
she cut the line! Stupid hag.
Downtown, a Latina crosses the
street in front, an iguana slung over
a plump shoulder. She smiles to
herself.
In a deli in Westwood, a blonde
in her sixties argues with a man
whose cap is on backwards. I need
financial help! she says, swigging
white wine. It looks like it is not
her first glass. He remonstrates with
her, sotto voce. She becomes more
agitated. Then sure, lets stay here!
Im ordering more wine. He tells
her they must leave. Staggering,
she gets to her feet. She is wearing
a baby-doll nightgown, with a black
lace peignoir as a robe, and knee-
high boots. She adjusts her scanty
clothing by tugging downward on
her neckline to expose her sagging,
wrinkly breasts. And so on.
LA is, after all, home to Hollywood
and the big-name studios that dominate
commercial lmmaking. But in real
life there are no actors, and there is no
director to yell Cut!
There are no retakes. You have only
one chance to get it right.
The city is hyper fast, jigging on
dope and speed and its getting to
me. On the way home after a day of
sightseeing, theres heavy trafc on the
freeway and cars stutter to a standstill.
I suffer a bout of hypertension.
Back where Im staying, my host
says it could instead have been a mild
panic attack from the stress of travel
and prescribes aromatherapy.
He draws me a hot bath and
hands me a precious bottle of vintage
Tasmanian lavender oil, instructing
me to pour two capfuls of the oil in
the water. Lavender relieves stress
and anxiety, he says. Immerse
yourself.
The scent of the oil, borne on the
curling steam, suffuses my senses as
I ease into the hot water. I sink into
the fragrant pool. I hear my heartbeat,
amplied by the water, at rst rapid,
slowing to a regular thump-THUMP.
I am more aware of my body, and
myself. I calm down.
Minutes passed. I heard my friends
outside the bathroom door. Do you
think shes alright? Shes having
fun, my host says.
When the water is lukewarm I
emerge from the bath, relaxed and
ready for sleep. More of the oil is
rubbed into my spine. A soothing
slumber claims me.
When I wake, my hosts longhair
cat, Meep, twines himself around my
ankles and leads me to the kitchen
screen door. We stare through it at
the garden beyond. The trees and
foliage are lush, almost tropical in
their exuberance. I do not know their
names but I enjoy them anyway.
Yes, this is also LA a place
where people advocate exotic healing
remedies, let plants grow wild and
riotous in their gardens, and shelter
wanderers in their homes and anoint
them with ower oil and bless them
with peace.
Then one morning I read news of
the Andi Eigenmann-Albie Casino
bar brawl and the Raymart Santiago-
Claudine Barretto-Mon Tulfo airport
ght. A video of the latter shows
the celebrities and their entourage
engaged in a screaming, kicking, and
punching melee. They are actors, but
this time theyre not acting. In both
instances, you can almost smell the
testosterone and the rage. LA does not
have a monopoly on drama.
My host would have said only
one thing. Throw them all into a
lavender bath.
***
Email: jennyo@live.com, Blog:
http://jennyo.net, Facebook:
Gogirl Caf, Twitter: @
jennyortuoste
By Kelvin Chan
HONG KONGOver the past two
years Wang Wei and her husband
Liu Yiqian dropped a reported $317
million on their hobby. Now they need
somewhere to display the collection
theyve amassed. The solution: a
private art museum that Wang hopes
will impart some class to Chinas ashy
nouveau riche.
Wang and billionaire investor
Liu are part of a new generation of
wealthy Asians that is better known for
splashing out on extravagant toys such
as private jets, mega-sized yachts and
supercars. Some, instead, have built
big art collections and now aspire to
showcase their rened sensibility to a
wider audience.
The trend is most apparent in China,
where entrepreneurs who have gotten
rich off the countrys booming economy
have been splurging on art, making it
the worlds biggest ne art market last
year for the second year in a row.
As Chinas best known art collectors,
Wang and her husband spent nearly
2 billion yuan ($317 million) on art
in the past two years, according to a
report in the state-run China Daily that
quoted Wang. She declined to conrm
the gure, and said I do not like to talk
about how much I spent.
Wangs 10,000 square meter
(107,640 square foot) Long museum
is scheduled to open in Shanghai in
late October and will cost 10 million
yuan ($1.6 million) a year to run. Aside
from giving her a space to show off
her collection of Chinese revolutionary
and contemporary art, Wang said it will
also help her give her nouveau riche
compatriots a cultural education.
The rich housewives have money
but do not know how to spend it
without shopping, she said. I want to
teach them to be more tasteful.
With that goal in mind, one museum
is not enough for Wang. She is planning
a second Shanghai museum that will
start construction in August and open
in October 2013.
More are in the pipeline. Indonesian-
Chinese farming tycoon Budi Tek is set
to open the De Museum in Shanghai
next year featuring Asian and Western
contemporary art, after opening his rst
in Indonesias capital Jakarta in 2008.
Teks museum will be located in
an old aircraft hangar across the river
from the site of the World Expo site
in Shanghais Pudong district, on land
that the government is giving to him at
a preferential rate. Tek will cover the
cost of renovating the building and
adding extra wings as well as annual
operating costs. He wouldnt say how
much he plans to spend, but said the
operating costs will be expensive,
buying works will be expensive.
Collector Guan Yi is planning one
on the outskirts of Beijing, according
to art publications. Industry insiders
say wealthy collectors are planning
museums around China.
Sustainability is a big issue for
would-be museum owners, who need
deep pockets to deal with costs, said
Magnus Renfrew, director of Art HK,
Hong Kongs annual art fair.
Its many millions of dollars for
construction or refurbishment, and
thats even before youve got to the art
and before you get to the stafng and
ongoing costs said Renfrew. Its not
for the faint hearted.
A growing interest in philanthropy
is one reason behind the private
museum boomlet. Rapid growth is
creating thousands of new millionaires
in Asia each year. Their ranks grew to
3.3 million in 2011, surpassing Europe
for the rst time, according to Merrill
Lynch and Capgemini. Between
January last year and March this year,
Chinas top 100 philanthropists donated
$1.6 billion, according to the Hurun
Report, a Chinese rich list. Thats about
a vefold increase from 2004 when the
list started.
But it also recalls earlier periods in
the U.S. and Europe when wealthy art
patrons helped build museums that are
now world renowned.
In the late 19th century, British
sugar magnate Henry Tate help fund
the construction of a building to house
his collection of Victorian art that he
donated to the country, paving the way
for the network of renowned museums
that bear his name. Members of U.S.
oil industrialist John D. Rockefellers
family helped found New Yorks
famed Museum of Modern Art in 1929.
Businessman Solomon Guggenheim
is best remembered for the iconic New
York museum his foundation set up in
1939, which was later named after him.
Its a complex issue, said Philip
Dodd, an adviser to Art HK.
Why did Medici commission
so much art? Why did the Vatican
commission Michelangelo? Was it
philanthropy or was it an exercise of
power and display and spectacle? I
think all those things are involved in
Asia too, said Dodd, organizer of the
fairs rst private museum forum last
year to address growing interest in the
topic.
Some 40 private museum owners
and collectors from Australia, Japan,
Indonesia and China are expected
to attend this years private museum
forum at the fair, which will be held
May 17-20.
Tek acknowledged that vanity and
ego played a role when he started
building his art collection, but now he
has reverted to what he terms a modest
lifestyle. He says his only extravagance
is ying rst class and he doesnt wear
fancy watches or clothes and avoids
giving too many media interviews.
The action of opening the museum
is an extension of love to society, said
Tek, who is president of Sierad Produce,
a $155 million company listed on the
Jakarta stock exchange.
When you see MoMA, with ocks
of people everyday, Im a little bit
jealous, said Tek, referring to New
Yorks Museum of Modern Art.
Tek and other wealthy collectors
have turned Hong Kong into the worlds
third biggest auction hub as they build
up their collections. In the autumn of
2010, Tek paid $6.7 million at a Hong
Kong auction for a painting of a yellow
baby by Chinese surrealist painter
Zhang Xiaogang entitled Chapter of
a New Century Birth of the Peoples
Republic of China II.
In early April, he slipped into Hong
Kong again. After an interview with
The Associated Press he attended a
Sothebys auction of contemporary
Asian art, but stayed in the VIP room
to avoid being seen by other bidders.
That sales highlight was another
work by Zhang, a family portrait called
Bloodline-Big Family No. 2. Amid
furious bidding, it went to a phone bidder
for 46 million Hong Kong dollars ($6
million), three times the opening price.
Sothebys said the painting and
another by Fang Lijun that sold for
HK$25 million ($3.2 million) are
destined for a private collectors
museum in Shanghai. A spokeswoman
for Tek wouldnt conrm or deny
whether he was the buyer. AP
Asias super rich build art museums
MAIL MATTERS
EMIL
P. JURADO
TO THE POINT
The personal
testimony of Corona in
a confrontation with his
accusers could well be
the turning point of the
impeachment trial.
Land Bank reaction
JENNY
ORTUOSTE
POP GOES THE WORLD
THIS is to clarify the Commission on Audit
Report citing P471.19 million loans written-off
by LANDBANK in 2010 as stated in your news
article entitled House body wants to probe
Landbanks P500-m losses which came out in
your May 8, 2012 issue.
May we put forward the following information
to clarify the items cited in the report:
1. That these written-off accounts were
classied as uncollectible because of the nancial
difculties of the borrowers or they could not be
located.
LANDBANK exhausted all efforts to collect
all past due loans before such were eventually
written-off with a remaining value of P1 in the
books of the Bank. Likewise, our lending units
exert collection efforts on written-off accounts.
2. Said amount was 882 percent higher over the
P47.982 million the Bank also wrote off in 2009.
The P471.19 million written-off accounts
in 2010 came from the Banks loan releases
to cooperatives and Countryside Financial
Institutions (CFIs) from 1991 to 2010. Thus, the
said accounts were not incurred in 2010 alone but
over a period of 19 years.
Contrary to the COA report, the Bank was
not lax in the granting of loans as the written-off
amount represents only 0.17 percent of the total
loan releases to the said mandated sectors which
stood at P285.479 billion for the same period.
3. COA recommended that LANDBANK
revisit its policy in the granting of loans to
cooperatives and CFIs, particularly on collaterals
offered by the borrower.
As LANDBANK continues to innovate in
the expansion of services to its priority clients, it
has put in place measures to mitigate the risks of
lending to the priority sector, which in most cases
do not have hard collaterals to offer:
4. LANDBANK strengthened the
implementation of the established Cooperative
Accreditation Criteria and CFI Risk Acceptance
Criteria in the evaluation of the cooperatives/
CFIs eligibility to access the Banks credit facilities
and other services.
5. Adoption of enterprise-based approach in
extending credit and other services
6. Use of credit enhancements, such as:
PCIC insurance coverage
Guarantee coverage of the Agricultural
Guarantee Fund Pool, Credit Surety Fund and
other guarantee funds; and
* Purchase order/confirmed market tie-
up between producers/ cooperatives with
reliable buyers/ processors. This will ensure
that there is a market for the produce of the
farmer/fisherfolk members of the cooperative
or organization. This tie-up is done through
the signing of Production Technical and
Marketing Agreements (PTMA) of both
parties specifying the roles of the partners
and embodies the collection mechanism of
cooperatives loans extended by LANDBANK.
Rest assured that LANDBANK remains
committed to expanding its reach to small
farmers and fisherfolk, without sacrificing
the Banks viability as a government financial
institution.
We hope this helps straighten out the facts and
nds space in your paper.
CATHERINE ROWENA B. VILLANUEVA
Vice President, Corporate Affairs Department
Land Bank of the Philippines
1598 M. H. del Pilar cor. J. Quintos Sts.
Malate, Manila, Tel: 405-7374; 405-7183
News
ManilaStandardToday
mst.daydesk@gmail.com MAY 10, 2012 THURSDAY
A6

IN BRIEF
Sta. Mesa folk welcome Estrada
Makati student leads team to science fair in US
2 QC dads probed for graft
A HIGH school senior from
Makati City will lead a group of
Filipino students who will be sent
to the worlds largest pre-college
science fair competition which
will be held in Pittsburgh, Penn-
sylvania on from May 13 to 18.
Clint Allen Margallo of the
Pitogo National High School
won rst place in the National
Science and Technology Fair. or
his study on the isolation of the
active compounds in the fruits
and leaves of miracle fruit (Syn-
sepalum dulcicum) in treating
Klebsiella pneumonia, accord-
ing to Priscila de Sagun, ofcer-
in-charge of the Department of
Education in Makati City.
Margallo topped nine other Fil-
ipino students who will be sent to
the Intel International Science and
Engineering Fair in Pittsburgh to
compete with 1,500 other students
from 65 countries for over $4 mil-
lion in awards and scholarships.
Other students who join Mar-
gallo in Pennsylvania are Ven
Gabriel Tan of Marinduque Na-
tional High School and Elson Ian
Nyl Galang of Philippine Science
High School in Davao City.
Six other students will also be
representing the country in the
group category. One group con-
sists of Julian Paolo Biyo, Paul
Caesar Flores, and Hazel Ann
Hernandez, all from Philippine
Science High School in Iloilo City
while the other group is composed
of Bryce Abraham Aos, Lanz
Gabriel Jabla and Carla Beatriz
Lazara from Philippine Science
High School in Davao City.
According Intel Philippines
Science Fair national coordina-
tor, Maria Amparo Ventura, there
were 24 winners at the national
level which were shortlisted by
the board of judges and scientic
review committee.
Among the 24, 10 were se-
lected and made to compete with
the shortlisted projects from the
Philippine Science High Schools.
From the ten projects, the consul-
tants chose only ve instead of
six projects to represent the Phil-
ippines in the international fair.
Rowhela Codizar
CYAN MAGENTA YELLOW BLACK
Republic of the Philippines
NATIONAL FOOD AUTHORITY
Caraga Region
Butuan City
INVITATION TO BID
FOR THE PROCUREMENT OF 2012 PALAY MILLING SERVICES
FOR NFA CARAGA REGION
The National Food Authority, CARAGAREGIONAL OFFICE, through its Corporate Operating Budget 2012 intends to apply
the sum of Six Million Ninety-eight Thousand Three Hundred Sixty-three Pesos (Php 6,098,363.00) being the Approved
Budget for the Contract (ABC) for ffteen (15) contracts equivalent to the corresponding amounts in Payment-in-Kind (PIK)
under the Contract for 2012 Palay Milling Services for NFA-CARAGA REGION. Bids received in excess of ABC shall be
automatically rejected at Bid opening.
The National Food Authority CARAGA REGIONAL OFFICE now invites NFA licensed ricemillers with the following ricemill
specifcation to submit bid for milling services of palay of NFA Caraga:
Multi-pass Rice Mill, with minimum input capacity of 1.5-TPH based on paddy input, rubber-roll type minimum 80.0% Hulling
Effciency, Abrasive and/or Friction-type Polisher, Destoner is required.
CONTRACT
NO.
PROVINCE /
WAREHOUSE
PALAY TYPE
PILE
NUMBER
ESTIMATED
VOLUME
(Bags of 50 kg)
APPROVED BUDGET
FOR THE CONTRACT(ABC)
(PhP)
BIDDING
FEE
Per Bag
Output
Total
AGUSAN
DEL NORTE
I
GID 1 - Libertad
PG1 3 5,470
85.05
P 1,199,843.00 P 10,000.00
PG1 4 3,666
PG1 6 4,010
PG1 7 8,130
PG1 8 99
II
GID 1 - Libertad
PG2 1 3,655
85.05
P 382,831.00 P 3,500.00 PG2 2 2,448
PG2 7 822
III GID 2 Libertad PG1 6 7,530 85.05 422,681.00 P 4,000.00
AGUSAN
DEL SUR
IV GID-Alegria PG1 112 6,172 85.05 346,453.00 P 300.00
V GID-Alegria PG2 111 2,015 85.05 111,394.00 P 1,000.00
VI GID-Bayugan PG1 EXTENSION 8,171 85.05 458,663.00 P 4,000.00
VII GID-Bayugan PG2 EXTENSION 495 85.05 27,365.00 P 200.00
VIII GID-Trento PG1 411-B & 412 P 8,000.00
IX GID-Trento PG2 411-A 1,883 85.05 104,097.00 P 1,000.00
SURIGAO
DEL NORTE
X GID-KM 10 PG1 8-A 4,995 85.05 280,384.00 P 2,500.00
XI GID-KM 10 PG2 8-B 2,021 85.05 111,726.00 P 1,000.00
XII Tan Whse PG1 1-A 365 85.05 20,489.00 P 200.00
XIII Tan Whse PG2 1-B 262 85.05 14,484.00 P 100.00
SURIGAO
DEL SUR
XIV
GID-Duplex,
Tandag
GID-Duplex,
Tandag
PG1 3 6,401
85.05 1,578,797.00 P 14,000.00
PG1 4 1,493
PG1 5 6,633
PG1 6 9,114
PG1 11 4,485
XV
GID-Duplex,
Tandag
PG2 12 3,539
85.05
195,645.00
P 1,500.00
The Approved Budget for the Contract (ABC) is being presented as reference for the bid security requirement and value of
single largest contract.
Bidders should have completed within the immediate last fve (5) years from the date of submission and receipt of bids, a
contract similar to the project. The description of an eligible bidder is contained in the Bidding Documents, particularly in
Section II. Instructions to Bidders (ITB).
The milling contractor will be paid in kind (PIK) for the milling services contract in the form of rice recoveries of the Guaranteed
Milling Recovery (GMR) for 66% for PG1 and 65% for PG2 for Regular Milled Rice (RMR) and all by-products.
Bidding will be conducted through open competitive bidding procedures using a non-discretionary pass/failed criterion as
specifed in the implementing Rules and Regulation (IRR) of Republic Act (RA) 9184, otherwise known as the Government
Procurement Reform Act.
Acomplete set of Bidding Documents may be purchased by interested bidders on May 10, 2012 - May 30, 2012, working days
8:00 A.M. - 5:00 P.M, May 31, 2012 8:00 A.M. 9:00 A.M. from the address below and upon payment of a non refundable
bidding fee/lot as specifed in this Invitation.
National Food Authority CARAGAREGION shall hold a Pre-bid conference on May 18, 2012, 9:00 A.M. at 2
nd
Floor, Madison
Square Bldg, J.C. Aquino Avenue, Butuan City, which shall be open only to all interested parties who have purchased the
Bidding Documents.

Bids must be delivered to the above address on or before May 31, 2012, 9:00 A.M. All bids must be accompanied by a Bid
Security in any of the acceptable forms and in the amount stated in ITB Clause 18.
Bid opening shall be on May 31, 2012, 9:01 A.M. at 2
nd
Floor, Madison Square Bldg, J.C. Aquino Avenue, Butuan City
Bids will be opened in the presence of the Bidders representative who choose to attend. Late bids shall not be accepted.
The National Food Authority reserves the right to accept or reject any bid, to annul the bidding process, and to reject all bids
at any time prior to contract award without thereby incurring any liability to the affected bidder or bidders.
For further information; please refer to:
Ms. Maria Ethel Q. Chua
BAC Secretariat Head
Ms. Gleen P. Echin
Regl Operations Offcer
National Food Authority
2
nd
Floor Madison Square Bldg,
J.C. Aquino Avenue, Butuan City
Tel No. (085) 8153284
(085) 2256701
Fax No. (085) 8158090

(SGD) CAMILO D. MAGTRAYO
BAC Chairperson
(MST-May 10, 2012)
Candidate Erap. Former President Joseph Estrada waves to supporters as he
moved into his new residence in Sta. Mesa, Manila. SONNY ESPIRITU
By John Anthony Concepcion
THE Ombudsman ordered on Wednesday a preliminary
investigation into the criminal and administrative
complaints filed against Quezon City councilors
Roderick Paulate and Francisco Calalay Jr. for
allegedly maintaining ghost employees who were paid
P3.3 million by the city in 2010.
At the same time, Ombudsman Conchita
Carpio-Morales also meted a six-month preventive
suspension on the two councilors along with their
liaison officers Flordeliza A. Alvarez and Vicente
S. Bajamunde.
The Ombudsmans Field Investigation Ofce reported
last April 11 that they found sufcient evidence to prove
that Paulates ofce maintained 30 ghost employees
while some 29 non-existent employees were drawing
salaries from Calalays ofce.
The FIO said some P2.18 million was paid to 29
ghost employees in Calalays office from January to
November 2010 while a total of P1.125 million was
disbursed to 30 non-existent employees in Paulates
office from July to November 2010.
The FIO recommended that the two Quezon City
councilors and their liaison officers be charged with
malversation of public funds, graft, grave misconduct
and dishonesty.
Investigation disclosed that these fictitious
personnel do not have birth records from the National
Statistics Office, are not registered voters of Quezon
City, have not secured NBI clearances and are not
known in the respective barangays where they allegedly
reside, the Ombudsman said in a statement.
The alleged illegal disbursement of funds to
ghost employees, the FIO said, was done through
the use of spurious personal data sheets with forged
signatures.
The anti-graft body acted on the complaint filed
by Quezon City Hall employee Jimmy Lee Davis in
initiating the probe on Paulate and Calalay.
2012-04G-012
Republic of the Philippines
Mariano Marcos State University
Batac City 2906, Ilocos Norte

INVITATION TO APPLY FOR ELIGIBILITY AND TO BID

The Mariano Marcos State University, through its Bids and Awards
Committee (BAC), invites suppliers/ manufacturers/distributors to apply for
eligibility and to rebid for the hereunder projects:
Name of Project ABC Price of Bid
Documents
1. IT equipment for the University 2,940,000.00 1,500.00
2. Offce equipment and furnitures
for the University
1,158,000.00 1,000.00

Prospective bidders should have experience in undertaking a similar
project within the last two years with an amount of at least 50% of the
proposed project for bidding. The Eligibility Check/Screening as well as
the Preliminary Examination of Bids shall use non-discretionary pass/fail
criteria. Please make sure all documents are completed and executed in
due form. Post-qualifcation of the lowest calculated bid shall be conducted.

All particulars relative to Eligibility Statement and Screening, Bid
Security, Performance Security, Pre-Bidding Conference(s), Evaluation of
Bids, Post-Qualifcation and Award of Contract shall be governed by the
pertinent provisions of R.A. 9184 and its Implementing Rules and Regulation
(IRR).

The complete schedule of activities is listed as follows:
Activities Schedule
1. Issuance of Eligibility Requirements May 10, 2012
2. Pre-bid Conference May 15, 2012; 9:45 AM
3. Opening of Bids May 29, 2012; 9:45 AM
4. Bid Evaluation/Post Qualifcation May 31, 2012

Bid Documents will be available only to prospective bidders upon
payment of a non-refundable fee in the amount specifed above.

All activities will be held at the Conference Room, 2nd Floor,
Administration Building, MMSU, Batac City.

For further inquiries, you may contact Ms. Agnes L. Gabriel, BAC
Secretariat with telefax no. (077)792-3507 loc. 110.

The University reserves the right to accept or reject any bid, to annul
the bidding process, at any time prior to contract award, without thereby
incurring any liability to the affected Bidder or Bidders.


(Sgd.) AMI RUTH R. COCSON
Chairman, Bids & Awards Committee

Agnes Lara-Gabriel
Bids and Awards Committee Offce
Mariano Marcos State University
Batac City
(MST-May 10, 2012)
Amid shouts of Erap, Erap, Erap,
the former President arrived at the
5,000-square-meter property around 11
a.m. driving the so-called Jeep ni Erap
with his wife, former Senator Luisa
Pimentel-Ejercito, senator-son Jinggoy,
daughter Jackie Ejercito-Lopez and Vice
Mayor Isko Moreno.
Estradas vehicle was followed by
three trucks that carried furniture from
No. 1 Polk Street, North Greenhills in
San Juan City, where Estrada has resided
since the 1960s.
I will now sleep here tonight. I will
start living here today, Estrada said, after
greeting supporters who lined the street
leading to the one-storey bungalow that
he purportedly bought from the Legarda
family for P80 million.
The well-treed property, which has
a swimming pool at the back, also once
served as campaign headquarters of
former President Ramon Magsaysay in
the 1950s.
The supporters who lined the street
waved placards saying Bawal ang
Dirty sa Maynila [Dirty is Forbidden
in Manila], referring to Dirty Harry,
the moniker of Mayor Alfredo Lim.
Other placards read: Erap para sa
Mahirap [Erap for the Poor] and Si
Erap ang aming pangarap [Erap is our
dream].
Sixty-two-year-old Saturnina Flores,
of 483 Mangga Avenue said she is happy
that Estrada became her neighbor.
He is our idol. We have been
dreaming that he (Estrada) can be near
us. Now, he is now a resident in our
place, said a clearly elated Flores. We
By Macon Ramos-Araneta
FORMER President Joseph Estrada moved
into his new residence at 589 Manga Avenue in
Manilas Sta. Mesa district on Wednesday and
was met by neighbors who welcomed not only
his arrival but also his declared candidacy for the
mayorship of Manila.
are still for Erap.
Seventy-nine year old Dominador
Calapatan, a retired electrician also
came to Estradas house with his wife
Irene, also 79.
We are here to show our support to
Estrada. We have voted for him since
he ran for senator, vice president and
president, said Dominador, who has
lived in Sta. Mesa since 1932.
He said they are very, very happy
knowing that Estrada is just around the
neigborhood.
Despite difculty in walking Gloria
Canagos, 78, who is in crutches, said
she left her house on 750 Pina Avenue,
just to get a closer look of Estrada.
I heard from my neighbours that he
is kind. Since I am poor who needs help,
I want to see him, said Canagos.
A vegetable vendor, Pacita Florendo,
60, of 482 Mangga Street, said Estrada
is her favorite. She said she watched all
his movies and voted for him. In all
positions he ran for, I fully supported
him, including my neighbors.
After his arrival, Estrada formally
announced he would run for mayor, but
only for one term.
Then I will turn over Manila to
Vice Mayor Isko Moreno (Francisco
Domagoso in real life). He will be my
next mayor, said the former President,
adding that Manila has already been left
behind by Makati City, Quezon City,
San Juan and Taguig.
Manila is the capital city of our
country. We need to work double time
if we want to make it. We need urban
renewal and our rst job is to improve
the livelihood in Manila. I believe this
will not be a difcult job because I
know the vice mayor and the councillors
are with me for the good of Manileos,
explained Estrada.
Doning an orange T-shirt, his
signature campaign color, Estrada
professed his love for Manila, having
been born in Tondo and being the son
of civil engineer Emilio Ejercito, who
served as head of the public services
department of the Manila City Hall
under four mayors.
Thats why I want to offer the
last years of my life to Manila, said
Estrada. God has destined that I should
be here in Manila, which I will to my
last breath.
Tulfo brothers suspended
from television program
JOURNALISTS Raffy, Ben and
Erwin Tulfo were suspended by the
management of TV5 network after
they threatened to harm actor Raymart
Santiago and his wife Claudine Barretto
because of the beating incident at the
Ninoy Aquino International Airport on
Sunday.
The network suspended the three
brothers from appearing on daily
afternoon show T3 Kapatid Sagot
Kita, but were replaced by their eldest
brother Ramon, who gured in the
beating incident at the airport.
Meanwhile, Santiago and Barretto
led criminal charges against journalist
Ramon three days after their scufe at
the NAIA Terminal 3.
Accompanied by their lawyer Alex
Avisado, Raymart (Rozelle Raymond
Martin in real life) and his wife led
charges of slight physical injury and
child abuse against Tulfo before the
ofce of Assistant City Prosecutor
Juliet Susan Garcia.
In their complaint, the couple said
it was Tulfo who initiated the scufe
when he threw a punch and kicked
Raymart when the latter confronted
him after he saw the columnist taking
pictures of his wife who at the time was
complaining to the ground steward of
Cebu Pacic after their luggage was
ofoaded by the airline from Boracay.
Tulfo earlier claimed that Santiago
and his companions ganged up on him
and beat him when he refused to part
with his cellular phone that he used
to take picture of Barreto. Fer dinand
Fabella & Rio N. Ar aja
MAY 10, 2012 THURSDAY
A7 Sports Riera U. Mallari, Editor
ManilaStandardToday
sports_mstandard@yahoo.com
It was Indianas rst series
win since 2005 and its rst
clincher on its home court
since the rst round of the
2000 playoffs. The Pacers
will play Miami or New York
in the second round.
Darren Collison scored
15 of his 19 points in the
fourth quarter and George
Hill added 15 points for the
Pacers, who outscored the
Magic 36-16 in the fourth
quarter.
HAWKS 87, CELTICS 86
ATLANTAAl Horford
scored 19 points in his
rst start since January,
and Atlanta held on for the
victory in Game 5.
Game 6 is Thursday in
Boston.
The Celtics had a chance
to clinch the series when
Rajon Rondo stole Josh
Smiths inbounds pass with
10 seconds remaining. But
he got hemmed in along the
sideline and Smith knocked
away a desperation pass.
Paul Pierce and Kevin
Garnett led the Celtics with
16 points apiece. Rondo had
13 points and 12 assists.
US Open trials semifinals: Diamond Team vs Lee Team
Indiana finishes off
Orlando; Hawks win
INDIANAPOLISDanny Granger
scored 25 points and Indiana beat
Orlando 105-87 on Tuesday night
to clinch their rst-round Eastern
Conference series in ve games.
CYAN MAGENTA YELLOW BLACK
IN BRIEF
Lamont positive for steroids
NEVADA State Athletic Commission
executive director Keith Kizer
told the Manila Standard that he
received a formal letter from Dr.
Margaret Goodman, President of the
Voluntary Anti-Doping Association,
stating that World Boxing
Association super lightweight
Lamont Peterson had tested positive
for the use of steroids.
The letter dated May 4, 2012
and received by Kizer on May 12,
concerned the adverse analytical
finding for Peterson in the VADA
program.
The letter indicated VADA was
reporting the test results to the Nevada
State Athletic Commission as the
Commission responsible for licensing
the athletes upcoming bout.
Peterson is scheduled to defend his
WBA and IBF super welterweight
titles at the Mandalay Bay Resort
Hotel and Casino in Las Vegas on
May 19.
The Nevada State Athletic
Commission is expected to decide on
whether the ght is on or off after they
hear Team Petersons explanation.
Ronnie Nathanielsz
THE US Open Trials
2012 started on April
27 in Schaumberg,
Illinois. Eighteen
teams vied to
represent the United
States at the 2012
World Mind Sports Game in Lille, France in Aug. 9-23.
Team Diamond, which included BBO founder
Fred Gitelman won this seminal match and had
now reached the nals and will play against the
Nickell team.
Thank you Bridge Base Online for the highlights
in the Semi-Finals match Diamond vs. Lee. Some of
the hands of interest:
Board 2: This is a challenging bidding problem
for east-west. 6 is cold for east-west, while 6
has no play. In the open room Gitelman/Moss
effectively preempted the auction and made it
difcult for opponents to diagnose their assets,
and Lee/Demirev stopped in 5. In the closed
room Greco/Hampson didnt bid the best strain
until the ve level! Over 5 Hampson found the
winning call of 6, and Garner could do no better
than to sacrice. Weinstein: Spirited auction!
Garner: Everyday auction. Unfortunately the
vulnerability was unfavorable, and -800 did not save
much against the -920 if they had defended 6. It
was still 9 IMPs to Diamond. Greco: We found a
slam that makes.
North
Garner
AKJ43
102
Q763
96
West East
Hampson Greco
2 108
Q8763 AKJ5
85 A2
AJ843 KQ1052
South
Weinstein
Q9765
94
KJ1094
7
West North East South
1 1NT
2 PASS 3 PASS
4 4 X PASS
5 5 X PASS
Board 3: Lee heard the opponents have an invitational
auction to 4. He gured the opponents didnt have any
extras, and trumps were breaking badly with his trump
void, and he had good defense, so he chanced a double.
Unfortunately this time the opponents were in a 11 card
t and Moss could afford to redouble. An expensive
speculation, and 10 IMPs to Diamond.
Board 19: Here preempt turned out to backfire. Left to
their own devices, Garner/Weinstein found out they were
off an ace and the trump queen, and signed off in 5. After the
preempt, however, Gitelman/Moss bid to a slam based on a
good fit good controls, and they knew which hand to play for
the queen of trumps. 13IMPs to Diamond.
Board 19 North
Lee
Q74
J42
976
J1072
West East
Moss Gitelman
KJ952 A1063
KQ10976 85
5 AK3
A K863
South
Demirev
8
A3
QJ10842
Q954
West North East South
3
4 PASS 5 PASS
6 PASS 6 PASS
PASS PASS
Comments to: sylvia01@globelines.com.ph
By Lito Cinco
THE focus of the media in the ITU-Subic Bay
International Triathlon may always be the male
and female elite divisions that attract world-
class entries, but for Triathlon Association
of the Philippines president Tom Carrasco, it
is the continued growth in number of his age
groupers that brings a smile to his face.
The sport of triathlon has exploded in recent
years and the recently concluded K-Swiss ITU
Subic Bay International Triathlon presented by
Century Tuna showed anew how the sport has
grown as more than 550 age-group entries had
their own day of racing.
Finishing his fourth standard-distance race
and his second SUBIT triathlon was former
Philippine Sports Commission chairman Eric
Buhain, who has lost over 60 pounds since
he went back to active sports. His problem
though was that he did not better his time as
he suffered from foot blisters because he did
not wear socks.
The Philippines very rst national triathlon
champion Frank Lacson, now pushing 50 but is
still competing, attributes the sports growth to the
fact that people are now more conscious of the
need for a healthy lifestyle.
Even a lot of kids have shifted from just
swimming to triathlon.
Former national triathlon champion Abet
Alon-alon, who is now a triathlon coach
focused on young hopefuls, said: A lot of
parents now are shifting their kids to triathlon.
Their kids learn more from triathlon.
Mark Ellis, president of Fitness First, and
whose wife Doray Cortez-Ellis is also an age
grouper, said the growth of triathlon stems from
the search for new challenges by active people,
particularly runners and even cyclists.
What is important is that triathlon has
been continuing its growth the past years.
There are more event organizers and more
events now. It has helped too that in the
past, known celebrities and personalities
went into this sport like Fred Uytengsu Jr.,
who now organizes his own events, Sen. Pia
Cayetano, Fernando Zobel de Ayala, and a
lot more. But the more important thing is
that ordinary people are now getting hooked
into the sport that it has become a family day
during events, said Carrasco.
Triathlon age-groupers continue to grow
Kaya Football Academy set
FOOTBALL teams from across the
country are lined up to participate in the
1st Kaya Futbol Academy Cup on May
12 and 13 at the Manila Polo Club in
Makati City.
The two-day event is expected
to become the biggest football
event in the country this year with
139 18-years-old-and-under teams
participating.
Kaya FC Academy president Armand
Del Rosario said the event aims to
further expose the Filipinos to the
football game.
At Kaya FC Academy, we are
dedicated to developing the love and
passion to the game. In the academy,
participants will learn from some of the
best coaches and players who are in the
country, Del Rosario said.
This weekends event will have more
than 1,600 players who will be divided
into the boys and girls divisions under
six age brackets.
The event is sponsored by LBC,
Potencee, Globe Tattoo, Chris Sports,
and Bellarocca Island Resort and Spa.
THE countrys nest race-car
drivers gear up for another
intense battle for the titles at
stake as they head for Clark this
Sunday for the second leg of
the 2012 Yokohama Philippine
GT Championship Series at the
Clark International Speedway.
Multi-titled champion Jody
Coseteng hopes to prevail anew
and secure an early solo lead in the
title race in this series sanctioned
by the Automobile Association
Philippines and sponsored by
ofcial tires Yokohama, ofcial
oil Torco Racing Oil and Racing
Beat@Wave 89.1.
But he knows it will be
a tougher pursuit this time
as other drivers, including
defending champion and 2011
Golden Wheel Driver of the
Year Vincent Floirendo, are
raring to bounce back and stop
Coseteng from turning the
series into a one-sided affair.
Despite a two-year absence
from the racing scene, Coseteng
proved hes still in top form
as he kept his composure and
defensive stance during the
neck-and-neck encounter with
Floirendo, before clinching the
GT 300 crown with a winning
time of 30.909 seconds.
Floirendo nearly wrested the
lead as he came 0.2 of a second
behind but car problems in the
ensuing race forced him to
slow down and settle for the
runner-up honors.
Four-time karting champ
Stefano Marcelo uncorked an
impressive debut in circuit-
racing as he posted the fastest
laptime of 1:47.409 to grab third
place in the GT 300 division.
Coseteng
seeks 2
nd
triumph
Golf shows best tonight
A ROUND of Golf takes fans down
memory lane tonight as hosts Dominic
Uy nad Geleen Handog share their top
three favorite fun moments in the 8 p.m.
show on Solar Sports at Global Destiny
(Ch 35), Sky Cable Digital (Ch 70), and
Cablelink (Ch 31).
Meanwhile, Air21 chairman Bert
Lina marks his birthday through the
annual ADL Golf Cup at the Ayala
Greeneld Golf and Country Club
while the Golf Gear segment introduces
the latest Callaway Ausie Metal X in
Episode 13 of Season 11 of the only golf
and lifestyle TV show in the country,
presented by Air21 and produced by
UBE Media.
To view AROGs past episodes,
the hosts blogs and behind-the-scene
photos, log on to www.aroundofgolf.
tv. Also follow the show on Facebook,
Tumblr, and Twitter.
BULLS 77, 76ERS 69
CHICAGOLuol Deng
scored 24 points and Carlos
Boozer added 19 points and
13 rebounds as Chicago
avoided a rst-round
playoff exit.
The top-seeded Bulls
nally won without point
guard Derrick Rose, building
a nine-point halftime lead
and staying in control down
the stretch to pull within
3-2. Game 6 is Thursday in
Philadelphia.
Its been a brutal series
for the Bulls, with Rose
tearing the ACL in his left
knee late in the opener
and center Joakim Noah
spraining his left ankle
in Game 3. He sat out his
second straight game.
The Bulls held the Sixers
to a season-low 32.1
percent shooting.
Jrue Holiday scored 16
points on 5-of-17 shooting
for Philadelphia while
Lou Williams scored
13 and Andre Iguodala
and Spencer Hawes both
nished with 11.
Hawes grabbed 14
rebounds.
NUGGETS 102, LAKERS 99
LOS ANGELES
Andre Miller scored 24
points, including two free
throws with 12.8 seconds
left, and Denver survived
Kobe Bryants 43-point
performance to avoid playoff
elimination.
JaVale McGee had 21
points and 14 rebounds for
the Nuggets, who trimmed
the Lakers series lead to
3-2. Game 6 is Thursday in
Denver. AP
SYLVIA LOPEZ
ALEJANDRO
Pacman: God is my strength
By Ronnie Nathanielsz
(Conclusion)
AS for his political plans in 2013,
Manny Pacquiao revealed his target
is the governorship of Sarangani
province.
But the elections are still far away,
he continued.
In an effort to strengthen his position and
his training to be a good leader, Pacquiao
said he is planning to take up law, so I
could add to my knowledge. By reading
the Bible, I have added to my knowledge
and I will pursue my law studies.
Asked whether it was a prelude to
aspiring for higher ofce in the years ahead
Pacquiao, laughed and said why not?
To him, he learned morals and values
from the scriptures and with law, he
said he hopes to learn from studying
law how to do things legally and how
to dispense justice, which is important
if we are seeking higher ofce.
Pacquiao remarked that he felt very
much at home with the PDP because
the party started in Mindanao.
When questioned as to how he
would balance the conict in time and
commitment between his role as a prize
ghter and the demands of political
ofce, Pacquiao said the elections are
far off. They are next year. But now we
will work rst and do whatever needs
to be done to implement the various
projects for our countrymen.
There is no doubt that Pacquiao with
his widespread popularity hopes to
capitalize on the crest of his success in the
ring and his programs to help alleviate
the poverty especially in Mindanao and
to take a strong stand on critical issues
such as mining and environmental
protection, human trafcking and the
Reproductive Heath Bill, which has
been effectively sidelined in the House
of Representatives, all of which would
project his thinking and his leadership
qualities.
His ultimate goal which he has bared
several times in the past is to seek the
presidency in 2022, with Binay at
this early stage almost certain to be
the front-runner to succeed President
Benigno Aquino III in 2016.
By aligning himself with Binay, some
of the smart minds around Pacquiao
believe its his best chance of making a
run for the presidency, when he will be
eligible in 2022, after Binay serves his
six-year term should he win in 2016.
I will pray that you live long enough
to see me take my oath as President, Pac-
quiao has told us several times in the past.
If that is not the clearest indication of
what he seeks, we dont know what is.
PCSO team building.
Some of the 25 personnel
of the Ofce of the General
Manager of the Philippine
Charity Sweepstakes, under
General Manager Atty.
Jose Ferdinand M. Rojas II
attempt with their feet to
get a key under the mat
without stepping into the
ground. The activity is one
of the obstacle courses
conducted by a facilitator in
Tanay, Rizal, to strengthen
the OGM personnels
camaraderie and team up
for a more productive work.
It was held at the Pranjetto
Resort in Tanay. The team
building program is part of
the charity agencys human
resource development
program. JOSEPH MUEGO
K-SWISS ITU Subic Bay
International Triathlon overall age-
group champion Monica Torres is
cheered on by the crowd.
Viloria, a three-time, two-division world
champion has been working out almost every
day at the Gerry Penalosa Gym in Eastwood
since he arrived in Manila last week.
I am ready to go, Viloria told the
Manila Standard. I am concentrating
on maintaining my weight and staying in
shape.
Viloria said he is mentally ready and
physically ready for his third encounter
with Romero after losing his International
Boxing Federation light yweight title
in their rst bout and ending up with a
controversial draw in the rematch, which
was changed to a no-contest after his foe
tested positive for a banned substance in a
post-ght medical examination.
It should be fun. I just cant wait, Viloria
said. Lets see what hes got. I just want to
put up a great ght and hope he does, too.
Im ready for whatever he brings.
The Viloria-Romero title ght
is presented by Solar Sports and
promoted, in cooperation with Zanfer
Promotions of Mexico and will be
telecast by GMA 7.
Viloria, who won the WBO yweight
title with an eighth-round technical knockout
of Ring Magazines No. 9 pound-for-pound
ghter Giovanni Segura stressed: This is
personal. Its something I need to prove to
myself that I get over this hump that I hit a
few years ago (referring to his two previous
ghts with Romero). This ght is more
challenging because I want to get something
cleared in my head.
The champion said he feels really
condent going into this ght.
My training has gone well and Ive
prepared myself to the best of my ability
for this ght. I know Im going to perform
well and do a lot better than the Segura
ght, said Viloria. Romero is a tricky
ghter and one of those guys, who can out-
box you even though you have better style,
better power than him. I really dont have
a future if I dont get past Nino.
In an intriguing 10-round bout on the
undercard, Rodel Mayol, who lost his World
Boxing Council light yweight title to
Romero on June 19, 2010 in Mexico, faces
Julio Cesar Pingo Miranda, who lost his
title to Viloria on July 16, 2011 in Honolulu.
The 30-year-old Mayol is coming off
a fourth-round TKO of Ernie Marquez
last Oct. 27, 2011, while Miranda whom
Viloria described as the hardest puncher
he had fought, is coming off a 10-round
unanimous decision over Cecilio Santos
last Dec. 17, 2011.
NBA RESULTS
Tuasons Porsche Cup stint backed
CASTROL Oil, another world leader in racing, joined
Bridgestone in backing up the coming stint of Tuason
Racing School president JP Tuason in the Porsche
Sports Cup set May 12 and 13 at the Nurburgring F1
Circuit in Germany.
Mars Sota, Country Manager of Castrol Philippines,
supported Tuasons international stint, not just
because of their long-time partnership in Philippine
motorsports, but also because he believes in his talents
as a multi-titled race car champion driver, who has
raced and trained all over the world.
Attesting to the track record of Tuason Racing
Schools successful programs through the years, Sota
likewise believes that the stint of Tuasons TRS-Castrol
Racing Team in Germany will open opportunities for
Filipino drivers in the international racing scene.
Castrol and Tuason Racing School had been partners
in several successful motorsports programs and events
in their common goal of intensifying the development
of Philippine motorsports.
Last year, Castrol set in motion its aim of seeing a promi-
nent Filipino champion in the international scene as it
teamed up anew with Tuason Racing School for the success-
ful grassroots level karting program dubbed as the Castrol
Champions of the Future Program to help get kids as early
as 7 into the sport and create a career path that would eventu-
ally get them closer to their Formula One Racing dreams.
We believe that Filipinos are built for racing. We
have the suitable body frame, innate talent for driving
and passion for speed, said Sota. And Tuasons stint
in the 30-car grid event will showcase to the worlds
eyes the Racing Pinoys excellent driving skills.
Tuason has converted his experiences into a
systematic and scientic curriculum that TRS uses
in training his students. And with Tuason Racing
Schools Racing Career Management Program,
Tuason hopes to provide Filipino racers the launch pad
for an international racing career.
Manila Standard TODAY
Sports
Riera U. Mallari, Editor sports@manilastandardtoday.com sports_mstandard@yahoo.com
By Ronnie Nathanielsz
WORLD Boxing Organization yweight champion
Brian Viloria (30-3, 16 KOs) is ready for whatever former
two-time champion and Mexican challenger Omar Nino
Romero (31-4-2, 13 KOs) brings when they clash at the
Ynares Sports Center in Pasig City on Sunday.
LOTTO RESULTS
6/55 000000000000
6/45 000000000000
4 DIGITS 00000000
3 DIGITS 000000
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P0.0M+
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CYAN MAGENTA YELLOW BLACK
By Ronnie Nathanielsz
IN his rst sparring session at the
Wild Card Gym in Los Angeles,
Manny Pacquiao went a total of eight
rounds, according to strength and
conditioning coach Alex Ariza, who
resumed his role once the Filipino
champ arrived last Saturday.
Pacquiao went six rounds with
Russian sparring partners Rusland
Provodnikov (four rounds) and
Rustam Nugaev (two rounds) and also
added two more rounds with super
featherweight Roger Gonzalez.
He jogged a little bit this
morning, said Ariza, who added that
Pacquiao sparred in the afternoon and
was still shaking off the jetlag from a
long ight.
Ariza told the Manila Standard that
Pacquiao will go back to the track today.
He wants to start doing some of the
old stuff that we used to do. We will
go to USC (University of Southern
California), where Pacquiao did his
track work in the past, said Ariza.
The strength and conditioning
guru made it clear he will be honest
about his assessment of how Pacquiao
is coming along, because I place
Manny at a different standard and Im
not going to say its good and Im not
going to say its bad, except that we
have work to do.
Ariza joined Roach some weeks
before Pacquiao demolished World
Boxing Council lightweight champion
David Diaz in nine rounds and then
went on to pulverize Oscar De La
Hoya, annihilate Ricky Hatton in
two rounds, drop Miguel Cotto twice
before the referee stopped the ght
in the 12th round and also destroyed
Antonio Margarito.
Pacman goes for 8 rounds of sparring
AMID nationwide fanfare,
especially in the countryside,
the provincial phase of the
2012 Coca-Cola PBA Young
Stars, a tournament for boys
aged 13 to 16 years old, red
off recently with a dozen teams
from Northern and Southern
Luzon, Visayas and Mindanao
participating.
Set from May 5 to 12, the
nationwide competition has 10
teams each from Pangasinan,
Pampanga and Isabela for
Northern Luzon; Laguna, Cavite
and Batangas for Southern
Luzon; Cebu, Bacolod and
Iloilo for Visayas; and Davao,
Cagayan de Oro and General
Santos for Mindanao.
Each team shall be comprised
of 12 players with the following
setup: three 13 year olds per
team, three 14 year olds, three 15
year olds, and three 16 year olds.
A team has to play at least one
13-year-old member in the rst
two quarters.
This is a nationwide
tournament and will be a three-
year collaboration among the
PBA, Coke Philippines and
the various LGUs in Metro
Manila, LUozn, Visayas and
Mindanao, said Philippine
Basketball Association
commissioner Chito Salud.
PBA Young
Stars caging
under way
MAY 10, 2012 THURSDAY
A8
Bryan ready
for Romero
By Peter Atencio
PANGASINANA swimmer from the
National Capital Region and a 14-year-old
female archer, who will soon leave for the
United Kingdom on a sports scholarship and
to watch the London Olympics, emerged as
the most bemedalled athletes on the fourth
day of the 2012 Palarong Pambansa here.
Bianca Gotuaco, who is one of 11 kids
chosen by the British Council to be part
of a three-week scholarship in London,
earned four gold medals and even broke
a meet record in the recurve event of
the secondary girls archery event at the
Capitol Resorts Hotel in Lingayen.
Gotuaco, a student of the International
School Manila, also claimed one of four
meet records established during the day as
she helped the NCR establish its supremacy
in this annual scholastic sports meet.
She shattered the year-old mark of
Fedelyn Encabo of Region 9 (300), when
Gotuaco tallied 302 FITA points in the
60-meter event, beating Region 3 rival
Jean Carla Bondoc (296).
Gotuacos other medals came from the
30-meters (337) with a win over Janice
Gababan, and the 40-meter and the
50-meter events.
Like Gotuaco, incoming Ateneo
freshman Axel Ngui now has four golds
after topping the secondary boys 100m
buttery and helping NCR beat Central
Luzon for the 4x100m medley relay
honors in swimming.
The performances of Gotuaco and Ngui
eclipsed the feat of Karl Kristian Mari,
a 14-year-old student from Catherina
Cittadini school in Bagacay, Dumaguete.
Mari shattered three existing archery
marks in the secondary boys action.
Mari, who said he is beginning to dabble
into mixed martial arts to develop his
coordination, rst collected the 30-meter gold
and the 40-meter plum in record fashion, with
scores of 333 and 334, respectively.
He improved on the 331 of Region 5s
Julius Cotuaco last year, and Region 7 bet
Julian Teves 311. A third gold came his
way in the 50-meter competition, where
he aggregated 313 and overshadowed the
300 Teves scored also last year.
In Dagupan, 12-year-old Jose Mari
Arcilla (Region IV-A) also took a third
gold medal, this time in the elementary
boys swimming event as he broke a
seven-year meet mark in the 200-meter
individual medley(2:26.75) with a
clocking of 2:25.86.
University of the Philippines Delia
Cordero of the NCR also bagged a third gold
in the secondary girlsindividual medley.
Meanwhile, Joshua Yang, son of toothpaste
exec Bernard Yang, bagged two golds for
NCR by clocking 1:01.62 in the 100-meter
backstroke in the elementary boys event, and
then anchored the 4x50 meter medley relay
squad to a rst-place nish.
In athletics, St. Francis student Yra Inot
snatched her second gold after clearing 11.28
meters in the secondary girlstriple jump.
NCR archer, swimmer most bemedalled Palaro athletes
PACERS 105, MAGIC 87
HAWKS 87, CELTICS 86
BULLS 77, 76ERS 69
NUGGETS 102, LAKERS 99
Tuason Racing School president JP Tuason (left) made a courtesy
call on Castrol Philippines Marcelo F. Sota (center) and Ray Alexi
Encomienda just before he left for Germany to compete in the
prestigious Porsche Sports Cup
Drop shot. Adamsons Janelle Guevarra (9) goes for a drop shot against University of St. La Salles Royce Quijano
in a Shakeys V-League game won by the Lady Falcons, 25-20, 25-22, 24-26, 25-23, 15-9. Adamson and Letran clash
today at 4 p.m. for one of the last two quarterfinal berths, even as University of Santo Tomas and San Sebastian
College duel for the top spot in Group B at 6 p.m.
Brian Viloria
(left) is
shown with
Omar Nino
Romero
during
a press
conference
announcing
their ght
on Sunday.
LINO
SANTOS
Business
ManilaStandard TODAY
MAY 10, 2012 THURSDAY
B1
CYAN MAGENTA YELLOW BLACK
CYAN MAGENTA YELLOW BLACK
Ray S. Eano, Editor extrastory2000@gmail.com
Roderick T. dela Cruz, Assistant Editor
IN BRIEF
PSE COMPOSITE INDEX
Closing May 9, 2012
5,214.79
27.27
5200
4460
3720
2980
2240
1500
1200
PESO-DOLLAR RATE
40
42
44
46
48
P42.410
CLOSE
Closing MAY 9, 2012
VOLUME 1096.350M
HIGH P42.350 LOW P42.440 AVERAGE P42.388
CYAN MAGENTA YELLOW BLACK
Manila
Standard
TODAY
CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK
Cash and Cash Items P 15,629,591,669 Cash and Cash Items 16,278,304,597
Due from Bangko Sentral ng Pilipinas 71,226,380,248 Due from Bangko Sentral ng Pilipinas 85,110,446,279
Due from Other Banks 5,837,507,905 Due from Other Banks 7,420,452,767
Financial Assets at Fair Value through Profit or Loss 22,108,212,065 Financial Assets at Fair Value through Profit or Loss 23,718,090,096
Available-for-Sale Financial Assets-Net 75,970,237,855 Available-for-Sale Financial Assets-Net 86,025,912,845
Held-to-Maturity (HTM) Financial Assets-Net 71,647,652,288 Held-to-Maturity (HTM) Financial Assets-Net 82,155,277,550
Investments in Non-Marketable Equity Security-Net 55,112,977 Investments in Non-Marketable Equity Security-Net 88,345,769
Loans and Receivables-Net 322,665,049,924 Loans and Receivables-Net 443,960,313,685
Interbank Loans Receivable 1,292,000,000 Interbank Loans Receivable 1,804,795,121
Loans and Receivables-Others 310,650,563,060 Loans and Receivables-Others 430,589,914,473
Loans and Receivables Arising from RA/CA/PR/SLB 14,200,000,000 Loans and Receivables Arising from RA/CA/PR/SLB 16,076,000,000
General Loan Loss Provision 3,477,513,136 General Loan Loss Provision 4,510,395,909
Other Financial Assets 3,224,639,908 Other Financial Assets 3,983,132,898
Equity Investment in Subsidiaries, Associates and Joint Ventures-Net 29,276,144,605 Equity Investment in Subsidiaries, Associates and Joint Ventures-Net 4,542,235,773
Bank Premises, Furniture, Fixture and Equipment-Net 10,639,537,105 Bank Premises, Furniture, Fixture and Equipment-Net 11,863,032,972
Real and Other Properties Acquired-Net 1,303,263,101 Real and Other Properties Acquired-Net 2,304,291,649
Non-Current Assets Held for Sale 4,907,209,728 Non-Current Assets Held for Sale 6,344,528,966
Other Assets-Net 19,836,866,589 Other Assets-Net 25,365,261,780
TOTAL ASSETS P 654,327,405,967 TOTAL ASSETS 799,159,627,626
Financial Liabilities at Fair Value through Profit or Loss P 4,299,680,872 Financial Liabilities at Fair Value through Profit or Loss 4,299,680,872
Deposit Liabilities 513,586,103,982 Deposit Liabilities 645,404,605,655
Due to Other Banks 128,744,915 Due to Other Banks 128,486,813
Bills Payable 8,427,621,985 Bills Payable 14,848,934,752
a) BSP (Rediscounting and Other Advances) 1,047,050,147 a) BSP (Rediscounting and Other Advances) 2,509,764,482
b) Interbank Loans Payable 6,956,765,456 b) Interbank Loans Payable 6,956,765,456
c) Other Deposit Substitute 0 c) Other Deposit Substitute 4,422,800,000
d) Others 423,806,382 d) Others 959,604,814
Unsecured Subordinated Debt-Net 5,000,000,000 Unsecured Subordinated Debt-Net 5,000,000,000
Due to Bangko Sentral ng Pilipinas 84,779,897 Due to Bangko Sentral ng Pilipinas 96,141,609
Other Financial Liabilities 8,413,878,687 Other Financial Liabilities 10,298,811,154
Other Liabilities 26,166,698,171 Other Liabilities 30,626,686,489
TOTAL LIABILITIES P 566,107,508,509 TOTAL LIABILITIES 710,703,347,344
Capital Stock P 43,798,648,455 Capital Stock 43,798,648,455
Other Capital Accounts 4,345,017,547 Other Capital Accounts 4,345,017,547
Retained Earnings 40,076,231,456 Retained Earnings 40,076,231,456
Minority Interest in Subsidiaries 236,382,824
TOTAL STOCKHOLDERS' EQUITY P 88,219,897,458 TOTAL STOCKHOLDERS' EQUITY 88,456,280,282
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY P 654,327,405,967 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 799,159,627,626
Guarantees Issued P 503,431,395 Guarantees Issued 503,431,395
Financial Standby Letters of Credit 3,041,322,274 Financial Standby Letters of Credit 3,041,322,274
Performance Standby Letters of Credit 1,299,981,846 Performance Standby Letters of Credit 1,299,981,846
Commercial Letters of Credit 7,874,672,024 Commercial Letters of Credit 7,874,672,024
Trade Related Guarantees 784,934,453 Trade Related Guarantees 784,934,453
Commitments 63,035,183,559 Commitments 63,035,183,559
Spot Foreign Exchange Contracts 11,883,014,296 Spot Foreign Exchange Contracts 11,883,014,296
Trust Department Accounts 649,851,927,125 Trust Department Accounts 716,543,322,158
a) Trust and Other Fiduciary Accounts 499,657,114,839 a) Trust and Other Fiduciary Accounts 510,132,826,242
b) Agency Accounts 150,194,812,286 b) Agency Accounts 206,410,495,916
Derivatives 521,642,054,553 Derivatives 522,440,366,552
Others 32,647,659,319 Others 32,954,537,898
TOTAL CONTINGENT ACCOUNTS P 1,292,564,180,844 TOTAL CONTINGENT ACCOUNTS 1,360,360,766,455
Non-Performing Loans (NPLs) P 5,296,281,760 1. List of Bank's Financial Allied Subsidiaries (excluding Insurance Companies)
Ratio of Non Performing Loans to Total Loan Portfolio (NPL to TLP) 1.60% a) BPI Family Savings Bank
Classified Loans and Other Risk Assets 21,273,873,593 b) BPI Capital Corporation
Specific Provision for Loan Losses 4,828,588,325 c) BPI Direct Savings Bank
Return on Equity (ROE) 26.87% d) BPI Leasing Corporation
DOSRI Loans and Receivables 5,175,673,420 e) BPI Card Finance Corporation
Past Due DOSRI Loans and Receivables 1,987,636 f) BPI Express Remittance Corporation
Ratio of Past Due DOSRI Loans and Receivables to TLP 0 g) BPI Forex Corporation
Compliance with Magna Carta: h) BPI International Finance Ltd.
a. 8% for Small Enterprises 8.14% i) BPI Europe, PLC.
b. 2% for Medium Enterprises 9.29% j) BPI Globe BanKO
Capital Adequacy Ratio (CAR) on Solo Basis, under Cir. No. 538 2. List of Subsidiaries Insurance Companies
or Cir. No. 280, as applicable a) BPI/MS Insurance Corporation
a. Total CAR 14.75% b) FGU Insurance Corporation
b. Tier 1 CAR 14.75% c) Ayala Plans, Inc.
3. Capital Adequacy Ratio (CAR) on Consolidated Basis, under Cir. No. 538
a. Total CAR 16.06%
b. Tier 1 CAR 14.56%
REPUBLIC OF THE PHILIPPINES) REPUBLIC OF THE PHILIPPINES)
City of Makati .... ) S.S. City of Makati .... ) S.S.
(Sgd) MICHAEL D. CALLEJA (Sgd) AURELIO R. MONTINOLA III
Doc. No. 433 Doc. No. 93
Page No. 88 Page No. 20
Book No. 96 Book No. XIV
Series of 2012 Series of 2012
Member: Philippine Deposit Insurance Corporation. Maximum deposit insurance for each depositor is P500,000.
(Bank and Financial Subsidiaries)
Senior Vice President President Senior Vice President President
(Sgd) MICHAEL D. CALLEJA (Sgd) AURELIO R. MONTINOLA III
CONSOLIDATED BALANCE SHEET
As of March 31, 2012
BALANCE SHEET
As of March 31, 2012
(Head Office and Branches)
We, AURELIO R. MONTINOLA III and MICHAEL D. CALLEJA, of the above-mentioned Bank, do solemnly
swear that all matters set forth in the above Balance Sheet are true and correct to the best of our knowledge
and belief.
SUBSCRIBED AND SWORN TO BEFORE ME this May 02, 2012 at Makati City, Metro Manila affiants
exhibiting to me their Community Tax Certificate No. 06991202 issued at Makati City on January 9, 2012
and Community Tax Cetificate No. 21894992 issued at Makati City on March 29, 2012, respectively.
We, AURELIO R. MONTINOLA III and MICHAEL D. CALLEJA, of the above-mentioned Bank,
do solemnly swear that all matters set forth in the above Consolidated Balance Sheet are true
and correct to the best of our knowledge and belief.
(SGD) DENCIO B. BARGAS
Notary Public - Makati City
Until December 31, 2012
Roll No. 26223 Appointment No 191
PTR No. 2644008-1/4/11 Makati City
IBP No. 843206- 1/4/11 Quezon City
Unit 500 Madrigal Bldg, Ayala Ave,
Makati City
(SGD) BUENAVENTURA U. MENDOZA
Notary Public - Makati City
Until December 31, 2012
Roll No. 31206
PTR No. 3175552-1/02/12 Makati City
IBP No. 869424- 11/29/11
Unit 500 Madrigal Bldg, Ayala Ave, Makati City
ASSETS ASSETS
LIABILITIES LIABILITIES
STOCKHOLDERS' EQUITY STOCKHOLDERS' EQUITY
CONTINGENT ACCOUNTS CONTINGENT ACCOUNTS
ADDITIONAL INFORMATION ADDITIONAL INFORMATION
SUBSCRIBED AND SWORN TO BEFORE ME this May 02, 2012 at Makati City, Metro Manila
affiants exhibiting to me their Community Tax Certificate No. 06991202 issued at Makati City on
January 9, 2012 and Community Tax Cetificate No. 21894992 issued at Makati City on March 29,
2012, respectively.
CYAN MAGENTA YELLOW BLACK
Manila
Standard
TODAY
CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK
Cash and Cash Items P 15,629,591,669 Cash and Cash Items 16,278,304,597
Due from Bangko Sentral ng Pilipinas 71,226,380,248 Due from Bangko Sentral ng Pilipinas 85,110,446,279
Due from Other Banks 5,837,507,905 Due from Other Banks 7,420,452,767
Financial Assets at Fair Value through Profit or Loss 22,108,212,065 Financial Assets at Fair Value through Profit or Loss 23,718,090,096
Available-for-Sale Financial Assets-Net 75,970,237,855 Available-for-Sale Financial Assets-Net 86,025,912,845
Held-to-Maturity (HTM) Financial Assets-Net 71,647,652,288 Held-to-Maturity (HTM) Financial Assets-Net 82,155,277,550
Investments in Non-Marketable Equity Security-Net 55,112,977 Investments in Non-Marketable Equity Security-Net 88,345,769
Loans and Receivables-Net 322,665,049,924 Loans and Receivables-Net 443,960,313,685
Interbank Loans Receivable 1,292,000,000 Interbank Loans Receivable 1,804,795,121
Loans and Receivables-Others 310,650,563,060 Loans and Receivables-Others 430,589,914,473
Loans and Receivables Arising from RA/CA/PR/SLB 14,200,000,000 Loans and Receivables Arising from RA/CA/PR/SLB 16,076,000,000
General Loan Loss Provision 3,477,513,136 General Loan Loss Provision 4,510,395,909
Other Financial Assets 3,224,639,908 Other Financial Assets 3,983,132,898
Equity Investment in Subsidiaries, Associates and Joint Ventures-Net 29,276,144,605 Equity Investment in Subsidiaries, Associates and Joint Ventures-Net 4,542,235,773
Bank Premises, Furniture, Fixture and Equipment-Net 10,639,537,105 Bank Premises, Furniture, Fixture and Equipment-Net 11,863,032,972
Real and Other Properties Acquired-Net 1,303,263,101 Real and Other Properties Acquired-Net 2,304,291,649
Non-Current Assets Held for Sale 4,907,209,728 Non-Current Assets Held for Sale 6,344,528,966
Other Assets-Net 19,836,866,589 Other Assets-Net 25,365,261,780
TOTAL ASSETS P 654,327,405,967 TOTAL ASSETS 799,159,627,626
Financial Liabilities at Fair Value through Profit or Loss P 4,299,680,872 Financial Liabilities at Fair Value through Profit or Loss 4,299,680,872
Deposit Liabilities 513,586,103,982 Deposit Liabilities 645,404,605,655
Due to Other Banks 128,744,915 Due to Other Banks 128,486,813
Bills Payable 8,427,621,985 Bills Payable 14,848,934,752
a) BSP (Rediscounting and Other Advances) 1,047,050,147 a) BSP (Rediscounting and Other Advances) 2,509,764,482
b) Interbank Loans Payable 6,956,765,456 b) Interbank Loans Payable 6,956,765,456
c) Other Deposit Substitute 0 c) Other Deposit Substitute 4,422,800,000
d) Others 423,806,382 d) Others 959,604,814
Unsecured Subordinated Debt-Net 5,000,000,000 Unsecured Subordinated Debt-Net 5,000,000,000
Due to Bangko Sentral ng Pilipinas 84,779,897 Due to Bangko Sentral ng Pilipinas 96,141,609
Other Financial Liabilities 8,413,878,687 Other Financial Liabilities 10,298,811,154
Other Liabilities 26,166,698,171 Other Liabilities 30,626,686,489
TOTAL LIABILITIES P 566,107,508,509 TOTAL LIABILITIES 710,703,347,344
Capital Stock P 43,798,648,455 Capital Stock 43,798,648,455
Other Capital Accounts 4,345,017,547 Other Capital Accounts 4,345,017,547
Retained Earnings 40,076,231,456 Retained Earnings 40,076,231,456
Minority Interest in Subsidiaries 236,382,824
TOTAL STOCKHOLDERS' EQUITY P 88,219,897,458 TOTAL STOCKHOLDERS' EQUITY 88,456,280,282
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY P 654,327,405,967 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 799,159,627,626
Guarantees Issued P 503,431,395 Guarantees Issued 503,431,395
Financial Standby Letters of Credit 3,041,322,274 Financial Standby Letters of Credit 3,041,322,274
Performance Standby Letters of Credit 1,299,981,846 Performance Standby Letters of Credit 1,299,981,846
Commercial Letters of Credit 7,874,672,024 Commercial Letters of Credit 7,874,672,024
Trade Related Guarantees 784,934,453 Trade Related Guarantees 784,934,453
Commitments 63,035,183,559 Commitments 63,035,183,559
Spot Foreign Exchange Contracts 11,883,014,296 Spot Foreign Exchange Contracts 11,883,014,296
Trust Department Accounts 649,851,927,125 Trust Department Accounts 716,543,322,158
a) Trust and Other Fiduciary Accounts 499,657,114,839 a) Trust and Other Fiduciary Accounts 510,132,826,242
b) Agency Accounts 150,194,812,286 b) Agency Accounts 206,410,495,916
Derivatives 521,642,054,553 Derivatives 522,440,366,552
Others 32,647,659,319 Others 32,954,537,898
TOTAL CONTINGENT ACCOUNTS P 1,292,564,180,844 TOTAL CONTINGENT ACCOUNTS 1,360,360,766,455
Non-Performing Loans (NPLs) P 5,296,281,760 1. List of Bank's Financial Allied Subsidiaries (excluding Insurance Companies)
Ratio of Non Performing Loans to Total Loan Portfolio (NPL to TLP) 1.60% a) BPI Family Savings Bank
Classified Loans and Other Risk Assets 21,273,873,593 b) BPI Capital Corporation
Specific Provision for Loan Losses 4,828,588,325 c) BPI Direct Savings Bank
Return on Equity (ROE) 26.87% d) BPI Leasing Corporation
DOSRI Loans and Receivables 5,175,673,420 e) BPI Card Finance Corporation
Past Due DOSRI Loans and Receivables 1,987,636 f) BPI Express Remittance Corporation
Ratio of Past Due DOSRI Loans and Receivables to TLP 0 g) BPI Forex Corporation
Compliance with Magna Carta: h) BPI International Finance Ltd.
a. 8% for Small Enterprises 8.14% i) BPI Europe, PLC.
b. 2% for Medium Enterprises 9.29% j) BPI Globe BanKO
Capital Adequacy Ratio (CAR) on Solo Basis, under Cir. No. 538 2. List of Subsidiaries Insurance Companies
or Cir. No. 280, as applicable a) BPI/MS Insurance Corporation
a. Total CAR 14.75% b) FGU Insurance Corporation
b. Tier 1 CAR 14.75% c) Ayala Plans, Inc.
3. Capital Adequacy Ratio (CAR) on Consolidated Basis, under Cir. No. 538
a. Total CAR 16.06%
b. Tier 1 CAR 14.56%
REPUBLIC OF THE PHILIPPINES) REPUBLIC OF THE PHILIPPINES)
City of Makati .... ) S.S. City of Makati .... ) S.S.
(Sgd) MICHAEL D. CALLEJA (Sgd) AURELIO R. MONTINOLA III
Doc. No. 433 Doc. No. 93
Page No. 88 Page No. 20
Book No. 96 Book No. XIV
Series of 2012 Series of 2012
Member: Philippine Deposit Insurance Corporation. Maximum deposit insurance for each depositor is P500,000.
(Bank and Financial Subsidiaries)
Senior Vice President President Senior Vice President President
(Sgd) MICHAEL D. CALLEJA (Sgd) AURELIO R. MONTINOLA III
CONSOLIDATED BALANCE SHEET
As of March 31, 2012
BALANCE SHEET
As of March 31, 2012
(Head Office and Branches)
We, AURELIO R. MONTINOLA III and MICHAEL D. CALLEJA, of the above-mentioned Bank, do solemnly
swear that all matters set forth in the above Balance Sheet are true and correct to the best of our knowledge
and belief.
SUBSCRIBED AND SWORN TO BEFORE ME this May 02, 2012 at Makati City, Metro Manila affiants
exhibiting to me their Community Tax Certificate No. 06991202 issued at Makati City on January 9, 2012
and Community Tax Cetificate No. 21894992 issued at Makati City on March 29, 2012, respectively.
We, AURELIO R. MONTINOLA III and MICHAEL D. CALLEJA, of the above-mentioned Bank,
do solemnly swear that all matters set forth in the above Consolidated Balance Sheet are true
and correct to the best of our knowledge and belief.
(SGD) DENCIO B. BARGAS
Notary Public - Makati City
Until December 31, 2012
Roll No. 26223 Appointment No 191
PTR No. 2644008-1/4/11 Makati City
IBP No. 843206- 1/4/11 Quezon City
Unit 500 Madrigal Bldg, Ayala Ave,
Makati City
(SGD) BUENAVENTURA U. MENDOZA
Notary Public - Makati City
Until December 31, 2012
Roll No. 31206
PTR No. 3175552-1/02/12 Makati City
IBP No. 869424- 11/29/11
Unit 500 Madrigal Bldg, Ayala Ave, Makati City
ASSETS ASSETS
LIABILITIES LIABILITIES
STOCKHOLDERS' EQUITY STOCKHOLDERS' EQUITY
CONTINGENT ACCOUNTS CONTINGENT ACCOUNTS
ADDITIONAL INFORMATION ADDITIONAL INFORMATION
SUBSCRIBED AND SWORN TO BEFORE ME this May 02, 2012 at Makati City, Metro Manila
affiants exhibiting to me their Community Tax Certificate No. 06991202 issued at Makati City on
January 9, 2012 and Community Tax Cetificate No. 21894992 issued at Makati City on March 29,
2012, respectively.
Mindanao shortage eased
Banks to survive euro debt crisis San Miguel Properties
unveils P7.7-b projects
By Jenniffer B. Austria
SAN Miguel Properties Inc., the
property unit of conglomerate
San Miguel Corp., is launching
new real estate projects in Metro
Manila worth P7.7 billion.
San Miguel Properties
architect Jose Asuncion Jr.
said in an interview following
annual stockholders meeting
that the company planned to
develop two high-rise residential
projects in Makati and San Juan
and townhouse complexes in
Mandaluyong and Pasig.
The Makati project is a three-
tower development that offers
a total of 1,300 units. The P4-
billion project will target the
middle-income market, with
units selling between P3 billion
and P3.5 million.
Construction will start next
year and will be ompleted over
ve years.
Asuncion said the San Juan
vertical project was a multi-
level development that would
offer 300 oversized units
intended for the middle to
high-end market.
By Alena Mae S. Flores
STATE-OWNED National Power Corp.
said Wednesday it successfully completed
the rehabilitation of the 26-year-old
Pulangi IV Hydroelectric Power Plant in
Bukidnon nine days ahead of schedule to
restore its capacity to 250 megawatts.
Napocor said it completed the
work on Pulangi IV on May 8
from the original target date of
May 17, boosting prospects the
tight power supply situation in
Mindanao will soon normalize.
Napocor said Unit 1 of Pulangi
IV was energized at 3:02 p.m.
Tuesday, while Unit 2 went on
line at 5:15 p.m. The third and
nal unit was synchronized to the
Mindanao grid at 6:38 p.m.
With the repair works completed,
Pulangi IV was producing 150
MW as of May 9. The power
plants output steadily increased to
250 MW during the evening peak
hours Wednesday .
Napocor shut down Pulangi IV
on April 17 to pave the way for
the repair of the plants headrace
channel and surge pool, and the
preventive maintenance servicing
of Pulangi IVs three turbine
generator units.
Napocor had estimated that the
repair works would take 30 days,
but vowed to speed up the work.
Napocor has earmarked P7.11
million for the rehabilitation of
Pulangi IV. It was the rst time
that the 255-MW power plant
underwent major repair works
since it started operating in
1986.
Napocor restored stability to the
headrace channel and the surge
pool riprap protection. The 9.5-
kilometer-long headrace channel is
the part of the power plant where
the water used to run Pulangi IV
passes through before going to the
turbine generator units.
The rehabilitation of Pulangi
IV has been in Napocors work
program as early as 2011, when
major defects such as massive
scouring were rst noticed on the
headrace channel.
Napocor president Froilan
Tampinco credited the successful
and early repair of the power plant
to Napocors operations personnel
and Mamasar Construction, the
contractor for the project.
Our plant personnel at Pulangi
IV worked 24/7 with our private
contractor to bring the power
plant back on-line at the earliest
time possible, and for this we
commend them, Tampinco said.
By Elaine Ramos Alanguilan
BANKS are sound and strong enough to withstand
the spillover effects of possible European banks
move to withdraw from Asia amid the euro zone
debt crisis, according to the Bangko Sentral.
The Bangko Sentral said Philippine banks had been
resilient amid any market conditions and even performed
better than their counterparts in other member-countries
of the Association of Southeast Asian Nations.
Key indicators showed further strengthening
of banks balance sheets with positive growths in
assets, loans, deposits and capital. Asset quality
and solvency ratios have signicantly improved
and fared better than the Asean-5 average, it said
in the status report on Philippine nancial system.
Banks remained protable and provided
positive returns to shareholders on account of cost-
efcient operations, said the Bangko Sentral.
The Bangko Sentral said, however, that for
these gains to be sustained in the long term,
some concrete steps needed to be undertaken.
It said there was a need to measure, monitor
and mitigate possible exposures of domestic
banks to European bank debts, regardless of
the size and magnitude of such exposures.
Pressures on European banks have intensied
on the back of the ongoing Greek debt tragedy
besetting the current European nancial stage.
Market watchers feared that this may result to
impairment of cross-border lending for trade
nancing activities including possible loss of parent-
bank support for local lending, it said.
Data from the International Monetary Fund showed
European banks provided about 30 percent of trade and
project nance in Asia, although their balance sheets
accounted for only about 5 percent of bank assets.
The latest survey by the Bangko Sentral showed total
exposures of domestic banks to the euro zone amounted
to only $1.9 billion (P84 billion) and accounted for 1.1
percent of total system-wide losses.
On concerns of possible loss of parent-bank
support for local lending, there are only ve
European bank branches and subsidiaries operating
in the Philippines whose combined asset size of
P362.3 billion [$8.3 billion] represented less than
5 percent of total resources of the banking system,
said the report.
MPIC nets P1.6b
METRO Pacic Investments
Corp. said Wednesday consolidated
core net income hit P1.59 billion
in the rst quarter, up 40 percent
from P1.13 billion year-on-year.
Consolidated reported net
income attributable to owners
of the parent company, which
reects a loss of P19 million for
non-recurring charges, stood at
P1.57 billion in the rst quarter,
up 91 percent from P820 million
on year.
The strong results for the rst
quarter reect signicant service
level improvements and efciency
gains for all our operating
companies, Metro Pacic
chairman Manuel Pangilinan said.
Pangilinan said he expects core
net income to reach P6 billion this
year from around P5.101 billion in
2011.
We are striving to accelerate
momentum in our new projects.
The full-year earnings outlook
is encouraging and I believe it
appropriate to guide our shareholders
toward full-year core net income of
up to P6 billion, Pangilinan said.
Alena Mae S. Flores
Miners hit rules
THE Chamber of Mines of the
Philippines has asked the National
Commission on Indigenous Peoples
to suspend the implementation of
its revised guidelines on free and
prior informed consent.
The group said Indigenous
Peoples Commission did not
conduct proper procedures on
drafting the revised guidelines
that would directly impact on
all prospective exploration and
mining operations in the country.
The miners expressed concern
over various provisions of the
revised guidelines in a forum
organized by the chamber and
attended by IPC chairman
Zenaida Brigida Pawi and two
commissioners.
The provisions, the Chamber
said, would exacerbate the
worsening outow of investments
in mining.
P a w i d
assured industry
representatives that
the Commission
would seriously
consider the
chambers request
when they convene
in an en banc
session today.
Othel V. Campos
Zest Airs
seat sale
TRAVELING to
Shanghai, China
will now be a lot
cheaper and more
attractive as Zest
Air launches its
inaugural ight
to the worlds
largest city proper
of over 23 million
people with an
introductory fare
of as low as P1,488
(exclusive of
applicable taxes,
surcharges, and
travel tax).
Zest Air chief
executive Alfredo
Yao said the offer
was good for
limited seats, with
the selling period
ongoing until
further notice.
Travel period for
the promo fare will
begin on June 22
until further notice.
I advise
business travelers
to book early so
they can avail of
this opportunity
before seats run
out, said Yao,
e n c o u r a g i n g
businessmen to
visit Shanghai at
this time of the
year because of
low prices.
Zest Air ies
from Manila direct
to Shanghai ve
times weekly
every Monday,
We d n e s d a y ,
Thursday, Friday,
and Saturdays.
Departure time is
at 8:10 p.m., except
Saturdays when the
departure is an hour
earlier at 7 p.m.
TRADI NG SUMMARY
SHARES VALUE
FINANCIAL 22,266,441 1,086,477,848.5
INDUSTRIAL 106,656,485 1,338,444,053.77
HOLDING FIRMS 142,804,165 1,781,910,206.85
PROPERTY 317,764,396 970,437,712.45
SERVICES 91,351,288 854,900,866.5
MINING & OIL 1,169,069,645 593,140,340.312
GRAND TOTAL 1,849,912,420 6,625,311,028.38
FINANCIAL 1,275.81 (down) 4.02
INDUSTRIAL 7,915.30 (down) 9.39
HOLDING FIRMS 4,596.13 (down) 6.37
PROPERTY 1,896.60 (down) 24.08
SERVICES 1,707.14 (down) 10.61
MINING & OIL 25,311.55 (down) 540.71
PSEI 5,214.79 (down) 27.27
All Shares Index 3,448.33 (down) 19.08
Gainers: 48; Losers: 123; Unchanged: 38; Total: 209
STOCKS Close
(P)
Change
(%)
C. Azuc De Tarlac 15.50 19.23
Omico Corp. Warrant 0.0990 10.00
Roxas Holdings 3.38 9.03
Island Info 0.0560 7.69
Vitarich Corp. 0.700 6.06
Centro Esc. Univ. 10.48 5.86
China Bank 567.00 5.19
Alliance Global Inc. 13.70 4.58
I-Remit Inc. 2.30 3.60
Alphaland Corp. 31.50 3.28
STOCKS Close
(P)
Change
(%)
Dizon 43.90 (12.20)
IP E-Game Ventures Inc. 0.069 (11.54)
Highlands Prime 1.87 (11.37)
Acesite Hotel 8.69 (10.87)
Asiabest Group 37.65 (9.28)
PLDT Comm & Energy 3.69 (7.29)
PremiereHorizon 0.330 (7.04)
Manila Bulletin 0.69 (6.76)
Marcventures Hldgs., Inc. 3.200 (6.71)
Swift Pref 1.12 (6.67)
TOP GAI NERS TOP LOSERS
Market retreats amid
concerns over Greece
Business
ManilaStandardToday
business@manilastandardtoday.com extrastory2000@gmail.com
MAY 10, 2012 THURSDAY
B2
52 Weeks Previous % Net Foreign
High Low STOCKS Close High Low Close Change Volume Trade/Buying
MST BUSINESS DAILY STOCKS REVIEW
WEDNESDAY, MAY 9, 2012
M
S
T
FINANCIAL
70.00 46.00 Banco de Oro Unibank Inc. 65.45 65.35 63.50 63.75 (2.60) 5,270,000 (243,269,108.50)
76.80 50.00 Bank of PI 71.45 72.60 71.50 72.10 0.91 1,206,960 (3,430,864.50)
1.82 0.69 Bankard, Inc. 0.73 0.73 0.73 0.73 0.00 10,000
512.00 370.00 China Bank 539.00 570.00 540.00 567.00 5.19 42,680
1.95 1.42 BDO Leasing & Fin. Inc. 1.76 1.80 1.76 1.80 2.27 103,000
23.90 12.50 COL Financial 23.00 23.00 22.70 22.70 (1.30) 21,200 74,910.00
Eastwest Bank 19.72 19.78 19.44 19.46 (1.32) 9,063,900 12,208,696.00
22.00 7.56 Filipino Fund Inc. 11.40 10.90 10.90 10.90 (4.39) 1,200
0.95 0.62 First Abacus 0.79 0.79 0.78 0.78 (1.27) 142,000
80.00 40.00 First Metro Inv. 68.05 64.30 64.30 64.30 (5.51) 50
3.26 1.91 I-Remit Inc. 2.22 2.33 2.23 2.30 3.60 15,000
29.00 3.00 Maybank ATR KE 28.75 29.05 28.00 28.80 0.17 91,300 23,095.00
93.50 60.00 Metrobank 90.00 89.90 88.00 88.75 (1.39) 3,304,960 (69,656,497.50)
3.06 1.30 Natl Reinsurance Corp. 2.07 2.25 2.08 2.08 0.48 50,000 (51,750.00)
16.85 41.00 Phil. National Bank 74.95 74.85 74.15 74.20 (1.00) 97,350 803,482.50
85.00 57.70 Phil. Savings Bank 82.00 82.00 82.00 82.00 0.00 120
539.00 204.80 PSE Inc. 375.00 380.00 368.00 369.00 (1.60) 26,000 853,400.00
44.40 25.45 RCBC `A 44.90 45.50 44.20 45.50 1.34 2,296,200.00 35,530,060.00
151.50 77.00 Security Bank 148.40 147.90 144.90 145.00 (2.29) 231,480 (18,799,060.00)
1390.00 950.00 Sun Life Financial 989.00 980.00 977.00 980.00 (0.91) 240 (87,960.00)
140.00 58.00 Union Bank 105.00 107.00 105.00 105.50 0.48 116,700 5,342,342.00
2.06 1.43 Vantage Equities 1.87 1.88 1.87 1.87 0.00 176,000
INDUSTRIAL
35.50 26.50 Aboitiz Power Corp. 34.60 34.65 34.45 34.60 0.00 3,349,100 (1,383,700.00)
13.58 7.32 Agrinurture Inc. 12.00 11.98 11.80 11.80 (1.67) 60,100 (174,752.00)
23.50 11.98 Alaska Milk Corp. 23.60 23.75 23.60 23.60 0.00 89,000 (324,690.00)
1.86 0.97 Alliance Tuna Intl Inc. 1.55 1.55 1.51 1.51 (2.58) 1,022,000
54.90 26.00 Alphaland Corp. 30.50 31.50 30.50 31.50 3.28 1,400
1.65 1.08 Alsons Cons. 1.38 1.38 1.36 1.36 (1.45) 1,213,000
Asiabest Group 41.50 42.50 36.00 37.65 (9.28) 216,000 (7,200.00)
102.80 3.02 Bloomberry 9.75 9.75 9.45 9.50 (2.56) 33,067,200 (76,222,733.00)
26.55 12.50 C. Azuc De Tarlac 13.00 16.00 13.10 15.50 19.23 5,500 50.00
2.88 2.24 Calapan Venture 2.30 2.30 2.30 2.30 0.00 27,000
3.07 2.30 Chemrez Technologies Inc. 2.65 2.65 2.63 2.63 (0.75) 93,000
8.33 7.41 Cirtek Holdings (Chips) 8.20 8.18 8.08 8.18 (0.24) 26,200
7.06 4.83 Energy Devt. Corp. (EDC) 5.97 6.01 5.96 5.96 (0.17) 15,594,900 (21,933,916.00)
6.28 2.80 EEI 6.37 6.35 6.18 6.35 (0.31) 548,100
25.00 5.80 Federal Chemicals 11.80 12.00 11.28 12.00 1.69 24,400
15.58 12.50 First Gen Corp. 13.96 14.06 13.94 14.00 0.29 3,055,000 9,708,890.00
67.20 51.50 First Holdings A 65.00 65.05 64.45 64.90 (0.15) 288,130 (2,894,434.50)
31.50 22.50 Ginebra San Miguel Inc. 22.40 22.40 22.25 22.40 0.00 12,000 (44,800.00)
0.10 0.0095 Greenergy 0.0160 0.0160 0.0150 0.0150 (6.25) 22,500,000
13.50 7.80 Holcim Philippines Inc. 12.06 12.00 11.96 12.00 (0.50) 155,000 1,199,960.00
9.00 4.71 Integ. Micro-Electronics 4.80 4.80 4.75 4.75 (1.04) 79,000
2.35 0.95 Ionics Inc 1.470 1.470 1.400 1.400 (4.76) 5,000
120.00 80.00 Jollibee Foods Corp. 111.00 111.00 110.20 110.30 (0.63) 667,510 3,089,096.00
91.25 25.00 Liberty Flour 53.30 53.30 53.00 53.30 0.00 860
8.40 1.04 LMG Chemicals 2.82 2.80 2.65 2.70 (4.26) 66,000
3.20 1.05 Manchester Intl. A 2.13 2.01 1.95 2.01 (5.63) 41,000
24.70 17.94 Manila Water Co. Inc. 24.90 26.00 25.20 25.50 2.41 1,642,700 3,716,570.00
6.95 0.75 Mariwasa MFG. Inc. 3.99 3.99 3.99 3.99 0.00 10,000
15.30 8.12 Megawide 17.20 17.30 17.10 17.26 0.35 52,600 (60,270.00)
295.00 215.00 Mla. Elect. Co `A 259.80 262.00 255.00 255.00 (1.85) 141,280 (17,192,884.00)
17.40 9.70 Petron Corporation 10.66 10.66 10.54 10.56 (0.94) 4,129,600 13,574,822.00
14.00 10.30 Phinma Corporation 11.20 11.22 11.20 11.20 0.00 3,900
15.24 9.01 Phoenix Petroleum Phils. 9.30 9.38 9.20 9.38 0.86 169,700 (2,762.00)
2.55 1.01 RFM Corporation 2.67 2.74 2.64 2.66 (0.37) 2,112,000 2,937,830.00
3.49 2.01 Roxas Holdings 3.10 3.50 3.12 3.38 9.03 242,000 (750.00)
6.50 2.90 Salcon Power Corp. 3.80 3.80 3.80 3.80 0.00 60,000 (76,000.00)
33.00 27.70 San Miguel Brewery Inc. 29.80 29.90 29.85 29.90 0.34 3,100
132.60 105.70 San Miguel Corp `A 113.50 115.00 113.50 114.00 0.44 1,079,030 12,813,228.00
1.90 1.25 Seacem 1.76 1.77 1.74 1.77 0.57 2,245,000
2.50 1.85 Splash Corporation 1.89 1.90 1.85 1.90 0.53 401,000
0.250 0.112 Swift Foods, Inc. 0.133 0.133 0.132 0.132 (0.75) 230,000
5.46 2.92 Tanduay Holdings 3.80 3.82 3.78 3.79 (0.26) 726,000
3.62 1.99 TKC Steel Corp. 2.35 2.35 2.35 2.35 0.00 153,000 (117,500.00)
1.41 0.90 Trans-Asia Oil 1.28 1.28 1.26 1.26 (1.56) 3,715,000 380,000.00
68.00 36.20 Universal Robina 67.90 68.20 67.80 68.05 0.22 5,308,440 46,302,414.50
1.12 0.285 Vitarich Corp. 0.660 0.700 0.650 0.700 6.06 1,095,000 20.00
18.00 2.55 Vivant Corp. 12.36 12.36 11.60 12.36 0.00 400
1.22 0.68 Vulcan Indl. 1.03 1.02 1.01 1.01 (1.94) 548,000
HOLDING FIRMS
1.18 0.65 Abacus Cons. `A 0.74 0.74 0.72 0.73 (1.35) 514,000
59.90 35.50 Aboitiz Equity 52.75 52.55 52.00 52.00 (1.42) 816,680 (6,861,484.00)
0.019 0.014 Alcorn Gold Res. 0.0160 0.0160 0.0150 0.0150 (6.25) 17,100,000
13.48 8.00 Alliance Global Inc. 13.10 13.70 13.10 13.70 4.58 29,927,200 92,002,916.00
2.97 1.67 Anglo Holdings A 2.08 2.08 2.04 2.04 (1.92) 72,000
4.60 3.00 Anscor `A 4.80 4.80 4.75 4.75 (1.04) 51,000 (24,000.00)
6.98 0.260 Asia Amalgamated A 4.27 4.20 4.01 4.08 (4.45) 128,000
3.15 1.49 ATN Holdings A 1.79 1.79 1.63 1.79 0.00 51,000
437.00 272.00 Ayala Corp `A 458.80 459.80 451.00 451.00 (1.70) 478,260 (72,553,812.00)
59.45 30.50 DMCI Holdings 63.05 63.10 62.00 62.25 (1.27) 2,313,920 22,520,385.50
4.19 1.03 F&J Prince A 2.70 2.68 2.66 2.66 (1.48) 45,000
5.25 3.30 Filinvest Dev. Corp. 4.34 4.34 4.11 4.20 (3.23) 1,277,000 (9,400.00)
0.98 0.10 Forum Pacic 0.260 0.255 0.255 0.255 (1.92) 690,000 (43,350.00)
GT Capital 503.00 504.00 500.50 502.00 (0.20) 209,710 580,465.00
34.80 19.00 JG Summit Holdings 35.00 36.00 34.30 35.50 1.43 1,769,900 29,033,110.00
6.95 4.00 Lopez Holdings Corp. 5.52 5.70 5.53 5.60 1.45 3,002,400 (11,427,530.00)
1.54 0.61 Lodestar Invt. Holdg.Corp. 1.22 1.22 1.17 1.18 (3.28) 6,089,000
3.82 1.500 Marcventures Hldgs., Inc. 3.430 3.440 3.150 3.200 (6.71) 7,397,000 (2,172,400.00)
4.45 2.56 Metro Pacic Inv. Corp. 4.60 4.65 4.50 4.56 (0.87) 31,889,000 (7,894,050.00)
6.24 2.10 Minerales Industrias Corp. 5.05 5.00 4.75 4.97 (1.58) 236,200
0.0770 0.054 Pacica `A 0.0560 0.0560 0.0540 0.0540 (3.57) 22,070,000
2.20 1.42 Prime Media Hldg 1.500 1.500 1.460 1.480 (1.33) 46,000
0.82 0.44 Prime Orion 0.500 0.500 0.500 0.500 0.00 9,076,000
4.10 1.56 Republic Glass A 2.00 1.95 1.95 1.95 (2.50) 32,000
2.40 0.91 Seafront `A 1.40 1.39 1.39 1.39 (0.71) 4,000
0.490 0.285 Sinophil Corp. 0.350 0.355 0.350 0.355 1.43 1,010,000
699.00 450.00 SM Investments Inc. 700.00 705.00 693.00 700.00 0.00 849,010 508,908,955.00
1.78 1.00 Solid Group Inc. 1.42 1.45 1.42 1.45 2.11 551,000
1.57 1.14 South China Res. Inc. 1.28 1.28 1.28 1.28 0.00 40,000 (19,200.00)
0.420 0.099 Unioil Res. & Hldgs 0.2600 0.2550 0.2500 0.2500 (3.85) 1,400,000 232,500.00
0.620 0.056 Wellex Industries 0.3850 0.3850 0.3650 0.3700 (3.90) 2,270,000
1.370 0.178 Zeus Holdings 0.600 0.620 0.570 0.570 (5.00) 1,294,000
P R O P E R T Y
2.82 1.70 A. Brown Co., Inc. 2.68 2.58 2.53 2.58 (3.73) 22,000
0.75 0.31 Araneta Prop `A 0.740 0.750 0.720 0.720 (2.70) 120,000 740.00
0.218 0.150 Arthaland Corp. 0.180 0.180 0.180 0.180 0.00 2,200,000
22.40 13.36 Ayala Land `B 21.30 21.30 20.55 20.55 (3.52) 9,318,200 (99,717,175.00)
6.12 3.08 Belle Corp. `A 4.89 4.90 4.86 4.88 (0.20) 4,511,000 (1,371,870.00)
9.00 2.26 Cebu Holdings 7.45 7.48 7.10 7.12 (4.43) 6,868,200 35,600.00
5.60 2.00 Cebu Prop. `A 5.00 5.00 5.00 5.00 0.00 80,000
5.66 0.26 Century Property 1.67 1.68 1.64 1.65 (1.20) 3,584,000
2.85 1.20 City & Land Dev. 2.44 2.44 2.30 2.44 0.00 31,000
0.127 0.060 Crown Equities Inc. 0.082 0.087 0.080 0.081 (1.22) 10,460,000
1.16 0.67 Cyber Bay Corp. 0.87 0.87 0.85 0.85 (2.30) 3,440,000
0.90 0.54 Empire East Land 0.790 0.790 0.770 0.780 (1.27) 11,639,000
3.80 2.90 Eton Properties 3.30 3.60 3.35 3.36 1.82 82,000
0.310 0.10 Ever Gotesco 0.181 0.181 0.180 0.180 (0.55) 2,480,000
3.06 1.76 Global-Estate 2.08 2.09 2.05 2.08 0.00 2,788,000 1,909,800.00
1.35 0.98 Filinvest Land,Inc. 1.37 1.40 1.36 1.38 0.73 16,618,000 3,088,500.00
3.80 1.21 Highlands Prime 2.11 1.92 1.87 1.87 (11.37) 89,000
2.14 0.65 Interport `A 1.19 1.18 1.15 1.15 (3.36) 511,000
4.50 1.50 Keppel Properties 2.00 2.00 1.98 1.98 (1.00) 11,000 (10,000.00)
2.48 1.51 Megaworld Corp. 2.20 2.26 2.18 2.26 2.73 209,491,000 70,966,630.00
0.80 0.215 MRC Allied Ind. 0.2030 0.2030 0.2010 0.2010 (0.99) 600,000
0.990 0.072 Phil. Estates Corp. 0.7400 0.7400 0.6900 0.7000 (5.41) 17,043,000 (43,540.00)
0.71 0.41 Phil. Realty `A 0.520 0.530 0.510 0.520 0.00 643,000
4.77 1.80 Polar Property Holdings 3.49 3.49 3.40 3.49 0.00 65,000
18.86 10.00 Robinsons Land `B 18.20 18.20 17.90 18.00 (1.10) 887,200 3,816,514.00
9.47 6.50 SM Development `A 7.00 7.06 7.00 7.04 0.57 531,500 1,416,004.00
18.20 10.90 SM Prime Holdings 16.00 16.16 16.00 16.06 0.37 8,745,900 (86,940,608.00)
1.14 0.64 Sta. Lucia Land Inc. 0.74 0.74 0.74 0.74 0.00 82,000
0.80 0.45 Suntrust Home Dev. Inc. 0.560 0.570 0.560 0.560 0.00 285,000
4.30 2.60 Vista Land & Lifescapes 4.300 4.330 4.290 4.320 0.47 3,066,000 9,432,860.00
S E R V I C E S
2GO Group 1.91 1.90 1.88 1.88 (1.57) 8,000
43.00 28.60 ABS-CBN 38.40 38.50 38.00 38.20 (0.52) 7,200
14.76 1.60 Acesite Hotel 9.75 9.80 8.00 8.69 (10.87) 173,400
0.80 0.45 APC Group, Inc. 0.660 0.670 0.660 0.660 0.00 920,000
0.5300 0.0660 Boulevard Holdings 0.1770 0.1800 0.1730 0.1730 (2.26) 19,060,000 12,240.00
98.15 62.50 Cebu Air Inc. (5J) 70.00 70.60 69.75 70.00 0.00 1,119,940 23,306,769.00
10.60 8.20 Centro Esc. Univ. 9.90 10.48 10.00 10.48 5.86 6,200
9.70 5.40 DFNN Inc. 7.05 7.17 6.99 7.00 (0.71) 944,900 (34,323.00)
5.90 1.45 Easy Call Common 4.50 4.73 4.20 4.40 (2.22) 301,000
1750.00 765.00 FEUI 921.00 934.50 928.00 934.50 1.47 640
1172.00 11.70 Globalports 33.50 32.10 32.00 32.00 (4.48) 20,100
1270.00 825.00 Globe Telecom 1105.00 1105.00 1090.00 1090.00 (1.36) 48,585 (22,653,745.00)
10.34 6.18 GMA Network Inc. 9.82 9.90 9.60 9.90 0.81 441,100
69.00 43.40 I.C.T.S.I. 74.30 74.70 74.00 74.00 (0.40) 2,844,690 134,617,263.00
0.98 0.34 Information Capital Tech. 0.405 0.410 0.410 0.410 1.23 60,000 8,200.00
18.40 5.00 Imperial Res. `A 9.00 9.00 9.00 9.00 0.00 3,100
6.00 4.00 IPeople Inc. `A 6.50 6.11 6.11 6.11 (6.00) 3,000
4.29 2.20 IP Converge 3.22 3.26 3.14 3.17 (1.55) 213,000
34.50 0.123 IP E-Game Ventures Inc. 0.078 0.077 0.069 0.069 (11.54) 51,650,000 (644,390.00)
3.87 1.16 IPVG Corp. 1.13 1.12 1.09 1.09 (3.54) 2,101,000 (603,400.00)
0.0760 0.040 Island Info 0.0520 0.0560 0.0560 0.0560 7.69 10,000
5.1900 2.900 ISM Communications 3.0000 3.0900 2.9100 2.9500 (1.67) 308,000
3.79 1.58 JTH Davies Holdings Inc. 2.50 2.39 2.33 2.39 (4.40) 30,000
11.68 5.90 Leisure & Resorts 7.18 7.20 7.00 7.10 (1.11) 656,100
4.28 2.65 Liberty Telecom 2.82 2.85 2.80 2.85 1.06 383,000
3.96 2.70 Macroasia Corp. 2.98 2.90 2.90 2.90 (2.68) 150,000
0.84 0.57 Manila Bulletin 0.74 0.69 0.69 0.69 (6.76) 7,000
3.00 1.00 Manila Jockey 1.55 1.55 1.54 1.55 0.00 1,907,000 (1,550.00)
21.00 17.20 Pacic Online Sys. Corp. 21.00 21.00 20.95 20.95 (0.24) 4,800 (4,190.00)
8.58 4.50 PAL Holdings Inc. 7.80 7.78 7.55 7.37 (5.58) 27,300 (738.00)
3.32 1.05 Paxys Inc. 2.58 2.56 2.51 2.51 (2.71) 1,064,000
10.00 4.60 Phil. Racing Club 9.05 9.10 9.00 9.10 0.55 99,900 755,100.00
17.18 14.50 Philweb.Com Inc. 17.26 17.26 16.00 17.12 (0.81) 785,000 4,623,606.00
6.90 3.80 PLDT Comm & Energy 3.98 3.98 3.69 3.69 (7.29) 41,000
2886.00 2096.00 PLDT Common 2536.00 2534.00 2518.00 2520.00 (0.63) 168,385 95,470,370.00
0.48 0.23 PremiereHorizon 0.355 0.355 0.330 0.330 (7.04) 2,730,000 (335,800.00)
23.75 10.68 Puregold 24.90 25.00 24.40 24.40 (2.01) 896,800 (92,650.00)
Touch Solutions 3.53 3.60 3.53 3.55 0.57 3,000 3,550.00
3.30 2.40 Transpacic Broadcast 2.75 2.70 2.70 2.70 (1.82) 55,000
0.79 0.26 Waterfront Phils. 0.500 0.510 0.480 0.480 (4.00) 1,464,000 (20,000.00)
MINING & OIL
0.0083 0.0036 Abra Mining 0.0052 0.0052 0.0052 0.0052 0.00 61,000,000
6.20 3.01 Apex `A 5.15 5.30 5.10 5.15 0.00 91,600
6.22 3.00 Apex `B 5.20 5.13 5.05 5.13 (1.35) 288,300
25.20 14.50 Atlas Cons. `A 18.84 18.90 18.70 18.80 (0.21) 952,500 3,462,420.00
31.00 20.00 Atok-Big Wedge `A 29.85 30.00 29.30 30.00 0.50 7,000
0.380 0.148 Basic Energy Corp. 0.280 0.285 0.275 0.280 0.00 1,680,000 17,100.00
30.35 15.00 Benguet Corp `A 26.40 26.40 26.00 26.00 (1.52) 37,100
34.00 14.50 Benguet Corp `B 26.50 27.00 26.50 27.00 1.89 7,600 (26,500.00)
2.51 1.62 Century Peak Metals Hldgs 1.70 1.69 1.65 1.69 (0.59) 1,144,000
50.85 4.35 Dizon 50.00 50.00 43.90 43.90 (12.20) 2,012,130 48,300.00
1.21 0.50 Geograce Res. Phil. Inc. 0.88 0.88 0.84 0.84 (4.55) 4,247,000 1,740.00
1.82 0.5900 Lepanto `A 1.360 1.370 1.330 1.340 (1.47) 21,542,000
2.070 0.6700 Lepanto `B 1.420 1.440 1.380 1.380 (2.82) 28,212,000 (22,341,880.00)
0.085 0.035 Manila Mining `A 0.0680 0.0680 0.0660 0.0680 0.00 159,310,000
0.087 0.035 Manila Mining `B 0.0680 0.0680 0.0670 0.0680 0.00 124,820,000 (537,340.00)
34.80 15.04 Nickelasia 33.00 32.95 30.20 30.90 (6.36) 2,417,700 (2,685,905.00)
12.76 2.08 Nihao Mineral Resources 10.56 10.56 9.65 9.99 (5.40) 7,804,100 805,660.00
1.100 0.008 Omico 0.7600 0.7800 0.7700 0.7800 2.63 56,000
8.40 2.12 Oriental Peninsula Res. 6.970 6.940 6.530 6.620 (5.02) 4,119,600 418,264.00
0.032 0.012 Oriental Pet. `A 0.0210 0.0220 0.0210 0.0210 0.00 45,800,000
0.033 0.013 Oriental Pet. `B 0.0230 0.0230 0.0220 0.0220 (4.35) 30,000,000
7.14 5.10 Petroenergy Res. Corp. 6.34 6.34 6.34 6.34 0.00 19,600
28.95 17.08 Philex `A 24.55 24.55 23.80 24.00 (2.24) 3,241,700 (5,454,715.00)
14.18 3.00 PhilexPetroleum 28.35 28.70 25.75 27.30 (3.70) 2,573,200 (654,920.00)
0.058 0.013 Philodrill Corp. `A 0.053 0.053 0.050 0.051 (3.77) 650,910,000 745,580.00
252.00 161.10 Semirara Corp. 256.00 257.00 253.40 254.60 (0.55) 82,960 1,595,142.00
0.029 0.013 United Paragon 0.0210 0.0200 0.0190 0.0200 (4.76) 16,200,000
PREFERRED
47.90 27.30 ABS-CBN Holdings Corp. 37.50 37.50 37.50 37.50 0.00 133,400 (1,252,500.00)
570.00 520.00 Ayala Corp. Pref `A 545.00 545.00 545.00 545.00 0.00 400
109.80 100.50 First Phil. Hldgs.-Pref. 105.20 105.30 105.10 105.10 (0.10) 203,220 21,020,000.00
11.02 6.00 GMA Holdings Inc. 9.90 9.85 9.61 9.79 (1.11) 497,300 295,325.00
116.70 106.20 PCOR-Preferred 115.30 115.40 115.10 115.10 (0.17) 45,780
80.00 74.50 SMC Preferred 1 76.00 75.80 75.00 75.00 (1.32) 8,800
1050.00 990.00 SMPFC Preferred 1030.00 1040.00 1030.00 1040.00 0.97 1,300
6.00 0.87 Swift Pref 1.20 1.12 1.12 1.12 (6.67) 120,000
WARRANTS & BONDS
1.35 0.62 Megaworld Corp. Warrants 1.21 1.24 1.20 1.23 1.65 1,466,000 302,400.00
0.210 0.00 Omico Corp. Warrant 0.0900 0.0990 0.0900 0.0990 10.00 470,000 (19,800.00)
RAY S. EANO
Tantocos keeping Starbucks;
HGC gives up airspace asset
IT WAS not surprising if the Tantoco family gave
little details about the sale of their supermarket
chain to Dairy Farm International Holdings Ltd.,
a member of the Jardine Matheson Group. The
Tantocos have operated a closely held company
since 1951, when the husband and wife team of
Bienvenido and Glicer ia Tantoco formed the
agship Rustan Commercial Corp. and transformed
their operation into the countrys premier chain of
upscale department stores.
The Rustan Group of Companies has since then
created eight units, some of them with overlapping
retail business operations, and diversied into
supermarkets, boutique franchising and coffee
stores. The group is perhaps well-known for its
Rustans Department Store chain and, of course,
Starbucks. It has also set up the Shopwise chain
of hypermarkets and Rustans Supermarkets,
which later competed directly with retail giants SM
Supermarket and Robinsons Supermarket.
The competition from retail tycoons Henr y Sy Sr.
and John Gokongwei and their vast resources may
have prompted the Tantocos to cede half of Rustan
Supercenters Inc. to Dairy Farm International
Holdings Ltd., and take advantage of the wider
network of the Jardine Matheson group.
Dairy Farm International could be an ideal
partner for Rustan Supercenters, which will now
have the nancial muscle and the right to expand
its Shopwise chain of hypermarkets and Rustans
Supermarkets. Dairy Farm, a leading pan-Asian
retailer and a member of the Jardine Matheson
Group, has over 5,400 outlets as of Dec. 31, 2011
and annual sales exceeding $10 billion.
Rustan Supercenters, as the newest member of
the Jardine Matheson group, will have access to the
operations of Dairy Farm International and benet
from its expertise of running supermarkets, beauty,
convenience and home furnishings stores, and
restaurants under well-known brands.
Rustan group still intact
The sale of 50 percent of Rustan Supercenters,
as reported in the papers, may have given the
wrong impression that the Tantocos had given up
Rustans Department Store and other key assets.
The Tantocos actually have kept their agship
Rustan Commercial Corp., which runs Rustans
Department Store, Store Specialists Inc., which
is into boutique franchising, and Rustan Coffee
Corp., the licensee of Seattle-based Starbucks
Coffee International.
The Tantocos had thought of selling the coffee
business to a Filipino businessman in 2003 but
kept the operation. (The Tantocos had denied they
offered the coffee chain for sale.)
Sur pr ise notice
Home Guaranty Corp. has dropped its plan to
negotiate the sale of an airspace above the rail
track of Philippine National Railways starting from
the junction of Samson Road in Caloocan City and
ending at Sen. Gil J. Puyat Avenue in Makati City.
HGC, in a surprise notice published Wednesday
in a broadsheet paper, said it was formally informed
by the Finance Department that the airspace was
a major component of the infrastructure projects
currently being considered by the Department of
Public Works and Highways and the Department
of Transportation and Communications, under the
Public-Private Partnertship Development program
of the national government.
Considering these developments, it is no longer
in the best interest of the government to undertake
the disposition of the said property independent of
the national government initiatives, HGC said.
HGC in September 2009 published a notice to
sell the airspace and the unnished 1.3-hectare Paco
mall on a portion of the PNR asset at the corner of
President Quirino Ave. and Pedro Gil St. in Paco,
Manila, as one package. The airspace covers a total
area of 192,748.46 square meters.
HGC owns the airspace right after calling on
the loan guaranty on numerous housing units built
parallel to the PNR rail track. The company also
ended up owning the Paco mall property, the site
of the old Paco train station, after acting as loan
guarantor to PNR and the developer of the project.
Metro Pacic Investments Corp. plans to build
an elevated toll road from C-3 in Caloocan City to
Buendia in Makati City along PNRs rail track. The
proposed road will reduce travel time from Nlex to
Slex to just 15 minutes to 20 minutes.
E-mail: rayenano@yahoo.com;
extrastory2000@gmail.com
STOCKS fell Wednesday, reecting the
movement of Asian markets as investors
stayed on the sidelines on worries
Greek leaders may back out of bailout
agreements.
The Philippine Stock
Exchange index, the 30-company
benchmark, shed 27 points, or
0.5 percent, to close at 5,214.79,
its lowest level since April 30.
All six counters ended in the red,
with mining and oil posting the
largest loss.
The heavier index representing
all shares was down 19 points, or
0.6 percent, to 3,448, as losers
outnumbered gainers, 123 to 48,
with 38 issues unchanged. Some
P6.6 billion worth of shares were
traded Monday.
Manila Water Co., the water
company that supplies half of
the Philippine capital, rose 2.4
percent to P25.50. Philippine
Equity Partners Inc. retained its
buy rating on the stock, citing the
companys rst-quarter earnings.
Manila Water said rst-quarter
prot rose 64 percent to P1.34
billion.
BDO Unibank Inc., the
nations biggest bank by assets,
declined 2.6 percent to P63.75.
The company reportedly revised
an offer to acquire the assets and
deposits of closed Export and
Industry Bank.
Globe Telecom was down 1.4
percent to P1,090, a day after it
announced net income fell 10
percent to P2.7 billion in the rst
quarter.
Meanwhile, Asian stock
markets fell Wednesday, spooked
by disappointing US corporate
earnings and fears that political
turmoil in debt-crippled Greece
is pushing it closer to nancial
disaster.
Japans Nikkei 225 index fell
1.5 percent to hit a three-month
intraday low of 9,021.20 as traders
pulled away from big exporters
whose fortunes are partly linked
to demand from Europe.
The same went for shares in
other export-driven economies
such as China and South Korea.
Hong Kongs Hang Seng fell 1
percent to 20,284.66 and South
Koreas Kospi lost 0.9 percent to
1,950.68.
Australias S&P/ASX 200
slipped 1.2 percent to 4,262.30
after falling prices for metals
hurt mining shares. Benchmarks
in mainland China, Singapore
and Taiwan also fell.
Markets have been increasingly
volatile since Greek voters
last weekend rejected political
parties that imposed the deep
spending cuts required in
exchange for bailout money
to keep the country from
bankruptcy. On Tuesday, left-
wing politician Alexis Tsipras
said the country was no longer
bound by its promises to cut
spending sharply.
But a failure to keep those
promises could lead international
lenders to cut off rescue funding.
That would likely lead Greece
to defaultand to the exit door
of the euro common currency.
If Greece repudiates the
agreement signed by the
previous government, the most
likely scenario is Greece will
default, said Francis Lun,
managing director of Lyncean
Holdings in Hong Kong. And
then all hell will break loose,
and Greece will get kicked out
of the eurozone. Its like the end
of the world for the eurozone.
In the US, stock markets were
sent lower by worries about
Greece and sagging corporate
results.
The Dow Jones industrial
average closed down 0.6
percent at 12,932.09. The
Standard & Poors 500 index
fell 0.4 percent to 1,363.72. The
Nasdaq composite index fell 0.4
percent, to 2,946.27.
With Bloomberg, AP
CYAN MAGENTA YELLOW BLACK
Manila
Standard
TODAY
CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK
Business
ManilaStandardToday extrastory2000@gmail.com MAY 10, 2012 THURSDAY
B3
BPO company
to invest $50m
for expansion
Plastic ban
inadvisable,
say groups
By Othel V. Campos
AN outright ban on plastic is not advisable,
two industry groups said, citing the results
of a recent study.
The Solid Waste Management Association
of the Philippines said consumers should
instead be given a choice between plastic
and paper to match their needs.
Shoppers should be given a choice and
they should be able to pay for that choice. That
decision should also include a responsibility
to dispose of that choice properly. If theres
an opportunity, reuse or recycle plastic,
said Philippine Plastic Industry Association
spokesman Crispian Lao.
The study, funded by the Ayala
Foundation, said it is in favor of regulation
on the use of plastic bags instead of the
total elimination, and developing a more
effective and efcient system of reuse or
recycling of these plastic bags as well as
proper collection and disposal.
It added it is not always advisable to
focus on one aspect [environment] since an
ordinance can also inuence other dimensions
like socio-cultural, political, institutional,
health, economic and technical.
The study said an information and education
campaign is needed and its priority must be a
change in peoples habits in waste disposal.
The local plastic industry said people should
be given a choice depending on their need. The
Solid Waste Management Association said
one complaint about the ban was that people
had to use paper which is not as convenient
and strong, especially when it is raining.
By Jenniffer B. Austria
PROPERTY giant Ayala Land Inc. reported Wednesday
rst-quarter net income grew 31 percent to P2.13 billion from
P1.62 billion in the same period last year, on strong real estate
sales and leasing revenues.
By Lailany P. Gomez
AMERICAN business process outsourcing
rm Sutherland Global Services will invest
$50 million to expand its presence in the
Philippines that includes building a three-
hectare facility in Cavite.
Sutherland chairman and chief executive
Dilip Vellodi told reporters the company
would put up a three-hectare BPO campus in
Carmona, Cavite as part of its expansion. The
campus, which is expected to be nished in 18
months, will have a capacity of 8,000 people.
A favorable economic environment,
availability of high-quality talents, a
robust infrastructure and business-friendly
government policies have been prime drivers
for our rapid expansion in the country. The
Carmona campus will be an integrated
delivery center for our global clients,
Vellodi said during the groundbreaking
ceremony for the campus.
Sutherland already employs about 13,000
people in the Philippines, and this is expected
to reach 15,000 when the current expansion
is completed and once the campus becomes
fully operational.
Sutherland would have had a signicant
expansion to its headcount in the Philippines,
Vellodi added.
The BPO rm is one of the largest pure-
play companies in the world with over 30,000
people working out of its 35 operations
centers and 10 countries. It is present in
the US, Philippines, India, United Arab
Emirates, Egypt, Bulgaria, United Kingdom,
Canada, Mexico and Colombia.
Ayala Land said in a ling with the stock
exchange consolidated revenues in the rst
quarter jumped 17 percent to P12.4 billion from
P10.6 billion a year ago.
Revenues from real estate and hotels, which
comprised bulk of rst-quarter consolidated
revenues, were up by 18 percent to P11.7 billion.
Demand remains high and our sales take-up
for residential products was again a new record
for quarterly sales, and our commercial leasing
business continues to perform very well, Ayala
Land chief nance ofcer Jaime Ysmael said.
Property development, which includes the
sale of residential lots and units, as well as
commercial and industrial lots, posted revenues
of P7.51 billion in the rst three months, up 18
percent from P6.34 billion reported during the
same period in 2011.
Sales from the residential segment reached
P7.01 billion in the three-month period, or 21
percent higher than the same period last year, on
the back of signicant increase in the value of
bookings across the residential brands.
Reservation sales amounted to P19.3 billion,
equivalent to an average monthly sales take-up
of P6.44 billion. This was 49 percent higher than
the record P4.31 billion average monthly sales
take-up achieved in the whole of 2011.
The companys four residential brands
launched 2,693 units in the rst quarter of 2012,
with a total sales value of P11.3 billion.
Revenues from the commercial leasing, which
include shopping center and ofce leasing operations,
registered total revenues of P2.04 billion in the rst
quarter, or 21 percent higher than the P1.68 billion
recorded in same period last year.
Sales from hotels and resorts business also
went up by 16 percent to P650 million from P560
million during the same period, on improved
occupancy rates and revenue per available room.
The company is constructing its four owner-
operated urban lifestyle hotels called Kukun
in Bonifacio Global City, Davao, Cagayan de
Oro and Nuvali in Alabang, two of which are
expected to begin operations towards the end of
this year.
2 firms offer
tracking tool
Ayala Lands net profit
increases 31% to P2.1b
TWO global companies have signed a partnership
agreement that maximizes the effectiveness of the
GPS electronic tracking services by combining the
synergies of their respective operations, thereby
enabling Customs authorities to ensure the more
efcient monitoring of containers in transit.
The two companies are Cotecna, one of the
worlds top international testing, inspection and
certication companies, and Orange Business
Services Worldwide, a leading global integrator
of communications services.
Transit monitoring is one of the greatest
challenges that confront both the trade community
and Customs authorities. Difculties in controlling
shipments and goods in transit often lead to
consistent loss of scal revenue, higher security
risks and unfair competition.
Cotecna has developed a fully integrated
Electronic Transit Monitoring Solution called
Cotrack, which is based on the state-of-the-
art technologies such as global positioning
system, electronic sealing, GSM/GPRS and
satellite communications, along with appropriate
procedures and logistics.
CYAN MAGENTA YELLOW BLACK
Republic of the Philippines
DEPARTMENT OF PUBLIC WORKS AND HIGHWAYS
OFFICE OF THE SECRETARY
Manila
I NVI TATI ON TO BI D
(MST-May 10, 2012)
CONTRACT PROJECT I.D. No. 12Z00048, CONCRETING/
UPGRADING OF GAPS ALONG LAPINIG-ARTECHE ROAD
(KM. 0860+000-KM0867+685.52), NORTHERN SAMAR
1. The Department of Public Works and Highways (DPWH), through the General
Appropriations Act intends to apply the sum of Php193,835,287.35 being the
Approved Budget for the Contract (ABC) to payments under the contract for the
Concreting/Upgrading of Gaps along Lapinig-Arteche Road (Km. 0860+000-
km0867+685.52), Northern Samar, Contract Project ID No. 12Z00049. Bids
received in excess of the ABC shall be automatically rejected at bid opening.
2. The Department of Public Works and Highways now invites bids for the
Concreting/Upgrading of Gaps along Lapinig-Arteche Road (Km. 0860+000-
km0867+685.52), Northern Samar, Contract Project ID No. 12Z00049.
The works includes concrete paving of 6082552 kms. roadway (thickness
= 0.23m., width =6.70m), Construction of CHB Lined Canal; Installation of
RC Pipes Cross Drainage (0.9 lm. Dia.) and Provision of Coconet on Cut/
Embankment Slopes with Coco log/Fascine and Vegetation. Completion of
the Works is 313 cal. days.
Bidders should have completed, within ten (10) years from the date of
submission and receipt of bids, a single contract similar to the Project,
equivalent to at least ffty percent (50%) of the ABC.
3. Bidding will be conducted through open competitive bidding procedures using
non-discretionary pass/fail criterion as specifed in the Revised mplementing
Rules and Regulations (IRR) of Republic Act 9184 (RA 9184), otherwise
known as the Government Procurement Reform Act).
Bidding is restricted to Filipino citizens/sole proprietorship, partnership, or
organizations with at least seventy fve percent (75%) interest or outstanding
capital stock belonging to citizens of the Philippines.
4. Contractors/Applicants who are interested in the DPWH civil works are
required to register prior to the set schedule of submission of bid while those
already registered shall keep their records current and updated. Contractor's
eligibility to bid on the project will be determined using the DPWH Contract
Profle Eligibility Process (CPEP) and subject to further post-qualifcation.
Information on registration can be obtained at DPWH website www.dpwh.gov.
ph or Central Procurement Offce (CPO), 5
th
Floor, DPWH Bldg., Bonifacio
Drive, Port Area, Manila form 8:00 a.m. to 5:00 p.m.
5. Interested bidders may obtain further information from DPWH-Reg. VIII and
CPO and inspect the Bidding Documents at the address below from 8:00 a.m.
to 5:00 p.m.
6. A complete set of Bidding Documents may be purchased by interested Bidders
from the address below and upon payment of a non-refundable fee for the
Bidding Documents in the amount of Php 40,000.00.
It may also be downloaded free of charge from the website of the Philippine
Government Electronic Procurement System (PhilGEPS) and the website of
the DPWH, provided that bidders shall pay the fee for the Bidding Document
not later than the submission of their bids.
7. The Department of Public Works and Highways will hold a Pre-Bid Conference
on May 22, 2012, 9:00 A.M. at CPO, 5
th
Floor, DPWH Bldg., Bonifacio Drive,
Port Area, Manila, which shall be open to all interested parties who have
purchased the Bidding Documents.
8. Bids must be delivered on or before June 5, 2012, 10:00 am at CPO, 5
th
Floor,
DPWH Bldg., Bonifacio Drive, Port Area, Manila. All bids must be accompanied
by a bid security in any of the acceptable forms and in the amount stated in
the ITB Clause 18.1
Bids will be opened in the presence of the bidders representatives who
choose to attend at the aforesaid address. Late bids shall not be accepted.
9. The DPWH reserves the right to accept or reject any bid, to annul the bidding
process, and to reject all bids at any time prior to contract award without
thereby incurring any liability to the affected bidder or bidders.
10. For further information, please refer to:
ROLANDO M. ASIS, CESO III
Regional Director, DPWH-Region VIII
Baras, Palo, Leyte
(053) 323-1004
(Sgd.) JAIME A. PACANAN, Ph.D., CESO I
Undersecretary for Support Services
Chairman, BAC for Civil Works Central Offce
Republic of the Philippines
DEPARTMENT OF PUBLIC WORKS AND HIGHWAYS
OFFICE OF THE SECRETARY
Manila
I NVI TATI ON TO BI D
(MST-May 10, 2012)
IMPROVEMENT/WIDENING OF BACOLOD-MURCIA-D.S. BENEDICTO-SAN
CARLOS CITY ROAD (MURCIA SECTION) MURCIA, NEGROS OCCIDENTAL
KM. 17+260 KM. 0029+860 (WITH EXCEPTION), PROJECT I.D. NO.
12Z00050
1. The Department of Public Works and Highways (DPWH), through the General
Appropriations Act intends to apply the sum of Php193,871,408.17 being the
Approved Budget for the Contract (ABC) to payments under the contract for
the Improvement/Widening of Bacolod-Murcia-D.S Benedicto-San Carlos City
Road (Murcia Section) Murcia, Negros Occidental Km. 17+260 km. 0029+860
(with exception), Project I.D. No. 12Z00050. Bids received in excess of the ABC
shall be automatically rejected at bid opening.
2. The Department of Public Works and Highways now invites bids for the Road
Improvement/Widening of Bacolod-Murcia-D.S Benedicto-San Carlos City
Road (Murcia Section) Murcia, Negros Occidental Km. 17+260 km. 0029+860
(with exception), Project I.D. No. 12Z00050. The length of the road is 12,600
L.M., widening of the existing PCCP road at both sides ranging from 2.05 to
3.05 meters with 0.30 meter thick PCCP, 0.20 meter thick Aggregate Subbase
Course, Earthworks and provision of 1.50 meter shoulders at both sides with
.10 meter thick Aggregate Surface Coourse. Completion of the Works is 480
cal. days.
Bidders should have completed, within ten (10) years from the date of submission
and receipt of bids, a single contract similar to the Project, equivalent to at least
ffty percent (50%) of the ABC.
3. Bidding will be conducted through open competitive bidding procedures using
non-discretionary pass/fail criterion as specifed in the Revised mplementing
Rules and Regulations (IRR) of Republic Act 9184 (RA 9184), otherwise known
as the Government Procurement Reform Act).
Bidding is restricted to Filipino citizens/sole proprietorship, partnership, or
organizations with at least seventy fve percent (75%) interest or outstanding
capital stock belonging to citizens of the Philippines.
4. Contractors/Applicants who are interested in the DPWH civil works are required
to register prior to the set schedule of submission of bid while those already
registered shall keep their records current and updated. Contractor's eligibility
to bid on the project will be determined using the DPWH Contractor Profle
Eligibility Process (CPEP) and subject to further post-qualifcation. nformation
on registration can be obtained at DPWH website www.dpwh.gov.ph or Central
Procurement Offce (CPO), 5
th
Floor, DPWH Bldg., Bonifacio Drive, Port Area,
Manila form 8:00 a.m. to 5:00 p.m.
5. Interested bidders may obtain further information from DPWH-Reg. VI and CPO
and inspect the Bidding Documents at the address below from 8:00 a.m. to
5:00 p.m.
6. A complete set of Bidding Documents may be purchased by interested Bidders
from the address below and upon payment of a non-refundable fee for the
Bidding Documents in the amount of Php 40,000.00.
It may also be downloaded fee of charge from the website of the Philippine
Government Electronic Procurement System (PhilGEPS) and the website of
the DPWH, provided that bidders shall pay the fee for the Bidding Document
not later than the submission of their bids.
7. The Department of Public Works and Highways will hold a Pre-Bid Conference
on May 22, 2012, 9:00 A.M. at CPO, 5
th
Floor, DPWH Bldg., Bonifacio Drive,
Port Area, Manila, which shall be open to all interested parties who have
purchased the Bidding Documents.
8. Bids must be delivered on or before June 5, 2012, 10:00 am at CPO, 5
th
Floor,
DPWH Bldg., Bonifacio Drive, Port Area, Manila. All bids must be accomplished
by a bid security in any of the acceptable forms and in the amount stated in ITB
Clause 18.1.
Bids will be opened in the presence of the bidders representatives who choose
to attend at the aforesaid address. Late bids shall not be accepted.
9. The DPWH reserves the right to accept or reject any bid, to annul the bidding
process, and to reject all bids at any time prior to contract award without thereby
incurring any liability to the affected bidder or bidders.
10. For further information, please refer to:
EVELYN T. BARROSO,Ph.D.
Regional Director, DPWH-Region VI
Fort San Pedro, Iloilo City
(033) 329-9001
(Sgd.) JAIME A. PACANAN, Ph.D., CESO I
Undersecretary for Support Services
Chairman, BAC for Civil Works Central Offce
Assets
International Reserves P 3,196,191,884,589.95
Deposits with foreign banks 384,822,733,032.63
Other cash balances 274,658,334.58
Investments 2,441,634,459,528.74
Gold 319,830,634,033.82
International Monetary Fund special drawing rights 49,629,399,660.18
Investment in government securities 245,168,759,604.32
Loans and advances 110,345,401,309.57
Other fnancial assets 93,251,653,177.64
Acquired assets held for sale 106,534,197.08
Investment property 9,837,903,118.38
Bank premises, furniture, fxtures and equipment 13,179,726,006.80
Other assets 15,654,511,758.58
Total P 3,683,736,373,762.32
Liabilities and capital
Liabilities
Currency in circulation P 528,341,183,920.04
Foreign currency borrowings 22,423,646,085.87
Government deposits 288,115,408,983.18
Deposits of banks and other fnancial institutions 643,598,719,520.35
Securities sold under agreements to repurchase 294,853,000,000.00
Special deposit accounts 1,607,742,299,103.19
Allocation of special drawing rights 57,125,463,419.99
Revaluation of foreign currency accounts 79,403,926,635.33
Other fnancial liabilities 18,191,050,041.67
Other liabilities 6,749,462,662.52
Total 3,546,544,160,372.14
Capital
Capital 10,000,000,000.00
Surplus 80,537,825,931.41
Unrealized gains/(losses) on investments (7,709,360,855.92)
Capital reserves 78,034,957,801.69
Undivided profts/(loss) from operations (23,671,209,487.00)
Total 137,192,213,390.18
Total liabilities and capital P 3,683,736,373,762.32
Other information :
Revaluation of foreign currency accounts is presented in the liability section in
accordance with Section 45, R.A. 7653 of the New Central Bank Act.
For the COMMISSION ON AUDIT:
(Sgd.) MA. TERESITA R. GOJUNCO (Sgd.) WILLIE S. ASTO
SA V - Supervising Auditor Managing Director
(Sgd.) AMANDO M. TETANGCO, JR.
Governor
GENERAL BALANCE SHEET
As of August 31, 2011
(MST-May 10, 2012)
The City Government of Makati, through its Bids and Awards Committee (BAC), invites suppliers/manufacturers/
distributors/contractors to apply for eligibility and to bid for the hereunder projects:
NO. NAME OF PROJECT AND BRIEF DESCRIPTION LOCATION APPROVED BUDGET
1 Patient Monitor and Central Monitoring System for the use of
Ospital ng Makati
OSMAK P9,599,983.00
Prospective Bidders should have experience in undertaking a similar project with an amount of at least 50% of the
proposed project for bidding. The Eligibility Check/Screening as well as the Preliminary Examinations of Bids shall use
non-discretionary "pass/fail criteria. Post-Qualifcation of the Lowest Calculated Bid shall be conducted.
All particulars relative to Eligibility Statement and Screening, Bid Security, Performance Security, Pre-Bidding
Conference(s), Evaluation of Bids, Post-Qualifcation and Award of Contract shall be governed by the pertinent provisions
of R.A. 9184 and its Implementing Rules and Regulations (IRR).
The complete schedule of activities is listed, as follows:
ACTIVITIES SCHEDULE
1. Pre-Bidding Conference at BAC Conference Room, 9th Floor May 17, 2012 (02:00 P.M.)
2. Opening of Bids at BAC Conference Room, 9th Floor May 29, 2012 (02:00 P.M.)
Bidding Documents will be available only to Prospective Bidders upon payment of a non-refundable amount of
______________________to the City Government of Makati Cashier.
(fee for Bid Documents) (Procuring Entity)
The City Government of Makati assumes no responsibility whatsoever to compensate or indemnify bidders for
(Procuring Entity)
any Expenses Incurred in the preparation of the bid.
The City of Makati reserves the right to disqualify any or all proposal, to waive any defects or informalities therein and
to accept such proposal as may be considered most advantageous to the Government.
Approved by:
(Sgd.) MARJORIE A. DE VEYRA
Chairperson

Bids and Awards Committee
J.P. Rizal St. corner F. Zobel St., Makati City
Tel. No. 870-1000 Fax No. 899-8988
www.makati.gov.ph
INVITATION TO BID
REPUBLIKA NG PILIPINAS
LUNGSOD NG MAKATI
CYAN MAGENTA YELLOW BLACK
MAY 10, 2012 THURSDAY
B4
CYAN MAGENTA YELLOW BLACK
Manila Standard TODAY
Provinces
Edited by Leo A. Estonilo www.manilastandardtoday.com mst@manilastandardtoday.com
Pantabangan water level up
Philex
scholars
graduate
Lolo Potens night of music
By Oliver Samson
STO.DOMINGOMayor Herbie
Aguas leads a twin celebration this
month honoring the late Bicol composer
and his famous Sarung Banggi, which
was completed on May 10, 1910.
Potenciano Gregorio premiered
the song at his wifes birthplace in
Guinobatan, Albay, adding to his dotoc
or church music for the Santacruzan in
partnership with his brother.
Plans are afoot to declare the
town the arts and culture center of
Albay province because of its musical
legacy, Aguas said, noting the towns
signature Sarung Banggi Festival apart
from other estas in the region.
It came to pass that Gregorio, Lolo
Poten to his provincemates, was so
lovestruck by a lass that one evening,
tossing in bed and lled with longing,
he was enthralled by her voice and
face, and in a burst of inspiration,
created a song.
He arranged Sarung Banggione
night in Bicolanoin 1918 for Banda
de Libog, the town brass band, and for
symphony orchestra in 1930.
Gregorio joined the Philippine
Constabulary Band under Col. Walter
Loving, representing the group to the
1939 San Francisco World Expo but
died of pneumonia en route to the
United States.
His remains are interred at Pugad
Lawin Plaza in a tomb dedicated to
his memory in 2005.
Like loves ageless expression, Lolo
Potens Sarung Banggi has found its
way to movie themes, OPM concerts,
local bands and even advertising
commercials.
Night music to mark the
composers 132nd birthday stretches
throughout the month of parades,
street dancing, water sports and
games in Sto. Domingos jetblack
beachfront along with Bicols cuisine
for internationally pampered palates
and a contest for singers after Lolo
Potens own heart.
By Ferdie G. Domingo
CABANATUAN CITY-
Pantabangan Dam has enough water stock
to supply farmlands in Nueva Ecija and
sections of Central Luzon, a National
Irrigation Administration ofcial said.
Josephine Salazar, operations
manager of the Upper Pampanga
River Integrated Irrigation
Systems, said Wednesdays water
elevation was higher compared to
the same period last year.
She said the supply curve was at
201.46 meters, above the critical
175-meter level but below the
221-meter spilling level.
We have so water and theres
nothing to worry about, Salazar
told Manila Standard, noting
that release is placed at 50
cubic meters per second from
the reservoirs active storage of
996.6469 million cubic meters.
She said 25,000 hectares have
been programmed for irrigation
up to September across the
service coverage consisting of
the towns of Jaen, San Antonio,
Sta. Rosa and Zaragoza and this
city along with San Miguel and
San Ildefonso in Bulacan.
Pantabangan, the countrys
largest national irrigation system
that includes Magat and Angat
dams, is designed for a 120,000-
hectare capacity.
It was recently augmented
by the construction of the
Casecnan Dam, diverting water
ow from the Casecnan and
Taang rivers to the Pantabangan
reservoir through a 26-kilometer
underground tunnel.
Salazar said priority is also
given to rehabilitation of
irrigation canals damaged
during typhoons Pedring and
Quiel to hasten delivery schedule
following the programmed
harvests of the Agriculture
department.
By Dexter A. See

TUBAAt least 42 scholars of
Philex Mining Corp. obtained their
automotive mechanic certicates
from technical-vocational schools
in Baguio City and La Trinidad,
Benguets capital.
Engr. Libby Ricafort, Philex
vice president and resident
manager, said the graduates
will be absorbed as regular and
temporary workers.
The rms Social Development
Management Program allocated
P1.5 million for the non-degree
courses of qualied applicants.
Every year, Philex Mining
extends scholarship to
deserving students and Out-of-
School Youth from its host and
neighboring communities aged
18 to 40 years old, Ricafort
said, noting that company
ofcials are happy over the
outcome of the graduates of
their scholarship program,
thus, it will continue to benet
many qualied youth.
The program is a joint effort of
Philex, Technical Education and
Skills Development Authority
and TESDA-accredited schools
in Baguio and La Trinidad
including Baguio School of
Business and Technology
College, Kings College of the
Philippines, and Philippine
Womens University-Career
Development and Continuing
Education Center Baguio City.
While other courses are offered,
automotive-related training affords
better chances for graduates to get
hired by Philex.
Ricafort challenged parents
to invest on their childrens
education to help improve their
living conditions.
Honored guest. House Assistant Minority leader and Leyte 1st district Rep. Ferdinand Martin FM
Romualdez is joined by former Senator Robert Jaworski to Holy Mass at St. Michael church during the
esta of Tolosa town. VER S. NOVENO