Manila Standard Today - June 12, 2012 Issue

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TODAY
Standard
Manila
Vol. XXVI No. 99 12 Pages, 2 Sections
P18.00 TUESDAY, June 12, 2012
www.manilastandardtoday.com mst@mstandardtoday.com
CYAN MAGENTA YELLOW BLACK
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By Othel V. Campos
THE buyers of Philippine bananas
have been offering very cheap pric-
es for the fruit as a result of Chinas
strict inspection protocol, which
limits the volume of bananas enter-
ing the Chinese market, the Philip-
pine Banana Growers and Exporters
Association said Monday.
Our situation is far from
normalizing, group spokesman
Steve Antig said in a phone in-
terview.
By Christine F. Herrera
PANGASINAN has ordered its 44
towns and four cities to ban imported
meat in the wet markets as a result of
the governments apparent inaction
on the smuggling and over-importa-
tion of pork and chicken.
At least three towns and Urdaneta
City have started complying with the
order by passing ordinances to effect
the ban. And starting this week, the
municipalities of Pozzorobio, Sison
CABINET ofcials will submit a list of ve to six
things to do to President Benigno Aquino III that
will address the concerns of farmers and religious
leaders over the slow distribution of land under
the Comprehensive Agrarian Reform Program,
Malacaang said Monday.
One of the proposals discussed during the four-
hour meeting at the Palace on Friday was the cre-
ation of a team that would monitor the implemen-
tation of the land reform program, presidential
spokesman Edwin Lacierda said.
There was that discussion. It [the monitoring
team] will involve civil society organizations,
Lacierda said.
We will be submitting a list of about ve to
THREE sites will be the cen-
ters of activity in todays cel-
ebration of Independence Day:
the Barasoain Church in Malo-
los in Bulacan, where President
Benigno Aquino III will be the
guest of honor, the Rizal Park
in Manila, where Vice Presi-
dent Jejomar Binay will lead
the ceremonies, and Kawit in
Cavite, where Transport Sec-
retary Mar Roxas will be the
guest of honor.
There will be a simultaneous
ag-raising at 8 a.m. in the three
sites, while celebrations will
also be held at the Pinaglabanan
Memorial Shrine in San Juan, at
the Bonifacio monument in Ca-
loocan City, and at the Pamin-
tuan House in Angeles City.
Speaker Feliciano Belmonte
Jr. and Justice Secretary Leila
de Lima will lead the rites in
San Juan and Caloocan City,
respectively.
It was in the Barasoain
Church where the Malolos
Congress drafted and ratied
the rst Philippine Constitution
and where the First Philippine
Republic was born.
THE satisfaction rating of
President Benigno Aquino
III dropped to its lowest level
since he assumed ofce in
2010, the results of the latest
Social Weather Stations survey
showed Monday.
Despite the decline, Mala-
caang said the survey results
were a reection of the over-
whelming support of the Fili-
pinos for the administration.
The SWS survey, conducted
on May 24 to 27, showed Mr.
Aquinos net score falling sev-
en points to +42, with 63 per-
cent satised and 21 percent
dissatised.
In most parts of the country,
the President enjoys strong ma-
jority approval. It is important
to note that the net satisfaction
rating of the President contin-
ues to be the highest since June
1999, presidential spokesman
Edwin Lacierda said.
The Presidents policies and
programs have focused on restor-
ing public condence in our insti-
tutions, and a government actively
working for all sectors in pursuit
of inclusive growth. In obtaining
widespread national support for
his programs, we believe the pub-
lic sees the efforts being done, and
the accomplishments to date.
The SWS said Mr. Aquinos
ratings remained in good ter-
ritory, although they dropped
to moderate among the ABC
class.
The Presidents net ratings
also fell from March in nearly
all geographic areas and among
all socioeconomic classes.
Lacierda noted that the lon-
gest stretch of prolonged public
optimism was four consecutive
quarters under former Presi-
dent Fidel Ramos.
This time, there has been an
unprecedented stretch of public
optimism: seven consecutive
By Joyce Pangco Paares
and Rey E. Requejo
PRESIDENT Benigno Aquino III wants the
two most feared women in his Cabinet---Inter-
nal Revenue Commissioner Kim Henares and
Justice Secretary Leila de Lima---to remain in
their positions despite their nomination as chief
justice of the Supreme Court, a Palace spokes-
man said Monday.
Malacaang must make changes
now because of the mid-term elec-
tions next year, so that the ofcials
running for public ofce must be re-
placed, said Benito Lim of the Ate-
neo de Manila University.
A revamp cannot be avoided.
Political parties are organizing and
recruiting people, Lim said.
Malacaang has evaded questions
on the possible movement of admin-
istration ofcials, but the swirling re-
ports cite specic details that could
not be ignored. Some concerned of-
cials have become tight-lipped while
others could not be located.
The rumors of an impending Cabi-
net revamp came amid reports of Mr.
Aquinos popularity rating dropping to
an all-time low since he came to ofce
two years ago. A cabinet revamp could
could give his image a boost.
Energy Secretary Jose Rene Al-
mendras, who was reported to be
replacing Presidential Management
Staff chief Julia Abad, told report-
ers he was still energy secretary for
now until he received advice to re-
port to Malacaang.
I serve at the pleasure of the
President, so I will abide by whatever
decision it will be, he said.
Soldier boy. A boy puts on a helmet after slipping into a tank parked at the Luneta on the
eve of Independence Day celebrations. DANNY PATA
PNoy not sure
about De Lima,
Henares as CJ
Flag-raising highlights
Independence Day rites
Govt to fast track
land distribution
PH bananas get cheap offers Pangasinan bans imported meat
Aquinos satisfaction rating at its lowest
Mahathir: Unbridled
democracy anti-people
MAHATHIR Mohamad, Malay-
sias prime minister for 22 years,
on Monday said a countrys
leaders should be incorruptible
to lessen the degree of corruption
in order for democracy to work.
Mahathir, who was conferred
the title of Honorary Professor
by the University of Santo Tomas
on the eve of the Philippines
114th Independence Day, spoke
SIGNS OF THE TIMES:
Cabinet revamp,
shifting alliances
Next page
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NADAL TOPS
DJOKOVIC
FOR HIS 7TH
FRENCH OPEN
VICTORY
Biazon
Pangilinan
De Lima Henares
Almendras
Lacson
Abad
Colminares
SPORTS NEWS A2
By Joyce Pangco Paares, Macon Ramos-
Araneta and Alena Flores
THE shifting political alliances and cryptic
statements from senior administration of-
cials point to an impending revamp in the
Cabinet of President Benigno Aquino III,
political analysts said on Monday.
Revamp list. Some of those reported to be part of the rigodon.
Preparing the ag. Rizal Park staff check out
the ag to be unfurled during Independence Day
celebrations. DANNY PATA
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
News
ManilaStandardToday mst.daydesk@gmail.com JUNE 12, 2012 TUESDAY
A2
PNoy...
Hours after saying the Presi-
dent gave his preference toward
Henares nomination, presidential
spokesman Edwin Lacierda back-
tracked.
Just for clarication, the Presi-
dent has mentioned in several in-
terviews that Secretary de Lima
and Commissioner Kim Henares
have performed well as mem-
bers of the Executive branch and
would personally prefer that they
remain in their present positions,
he said.
However, the President would
wish to meet with them in order
to discuss their plans and prefer-
ences.
De Lima was nominated Mon-
day by Dante Jimenez of the Vol-
unteers Against Crime and Cor-
ruption and a group of Zambales
lawyers.
Henares was nominated last
week to the Judicial Bar and
Council by lawyer Elpidio
Jamora, a council member, Jose
Mejia, said.
Lacierda, who described Hena-
res and De Lima as the two most
feared women in the Cabinet,
said the President was weighing
the pros and cons of appointing
either of them as chief justice to
replace Renato Corona, whose
ouster by impeachment was engi-
neered by the Palace.
It has crossed his mind, Laci-
erda said on the possible appoint-
ment. There is an assessment on
what would be the gain and loss.
As the Palace considered nam-
ing a Court outsider to the top
post, retired Chief Justice Reynato
Puno urged President Aquino to
appoint a leader who could unite
and heal the judiciary, which was
shaken by the impeachment and
removal of Corona.
Today, the judiciary appears to
be in disarray after the impeach-
ment of our 23rd chief justice,
Puno said in a speech marking the
launch of the book The History
of the Judiciary that coincided
with the Supreme Courts 111th
founding anniversary.
Some are disappointed, some
are confused, some appeared to
be in a spiritual slump for they
perceived a severely wounded
judiciary after its collision with
the political branches of the gov-
ernment.
Puno likened the morale of the
Court personnel to Filipino sol-
diers after the fall of Bataan to
the Japanese in World War II, and
borrowed the words of then Chief
Justice Jose Abad Santos, urging
the justices, judges and employees
of the courts to Hold, hold, hold.
Abad Santos, the fth chief jus-
tice of the Supreme Court, was ex-
ecuted by the Japanese for refus-
ing to cooperate with them.
At the same book launching,
acting Chief Justice Antonio Car-
pio said it was time for the judi-
ciary and the entire nation to move
forward.
We have to learn the lessons
from the impeachment and I think
we can do the job, Carpio said.
Carpio, who is the most senior
justice in the Court, said he had
not yet decided on whether to ac-
cept or decline his automatic nom-
ination to the top post.
Aside from Henares, lawyer
Marianito Sasondoncillo was
among the latest names submitted
to the Judicial and Bar Council,
which is tasked to submit a short
list of nominees to the President.
Among the ealy nominees last
week were Solicitor General Fran-
cis Jardeleza, womens rights law-
yer Katrina Legarda and former
Ateneo de Manila College of Law
dean Cesar Villanueva.
The automatic nominees for
the chief justice post are the high
courts ve most senior members:
Carpio, Associate Justices Pres-
bitero Velasco Jr., Teresita Leon-
ardo-de Castro, Arturo Brion and
Diosdado Peralta.
Last week, Senator Miriam
Defensor-Santiago said De Lima
and Henares had disqualied
themselves morally by testifying
against Corona at his impeach-
ment trial, and said they should
decline their nomination.
De Lima last week inhibited
herself from joining the delibera-
tions in the council, where she sits
as an ex-ofcio member, in antici-
pation of her nomination.
A close ally of the President,
Senato Panlo Lacson, has also
spoken out against De Limas
nomination, saying she is not
qualied because of a pending
disbarment case against her.
De Limas disbarment case
before the Integrated Bar of the
Philippines stemmed from a com-
plaint by private lawyer Agustin
Sundiam for calling Corona a
lawless tyrant. She faces two
similar cases for defying a Su-
preme Court order.
Council rules disqualify nomi-
nees who face pending criminal or
administrative cases.
In his speech Monday, Puno
expressed optimism that the judi-
ciary would recover from the im-
peachment ordeal.
The SC has a life of its own.
With the aid of the divine provi-
dence, it was established by the peo-
ple and for as long as it serves the
people nothing will prevail against
it. The Court may be down for the
moment but with Gods grace it will
stay down for long, he said.
Interviewed by reporters,
Caprio disagreed with Punos
view that the impeachment trial
was an affront to the judiciary and
would have a chilling effect on the
institution.
The impeachment was not a
clash between the judiciary and
the legislative or the judiciary and
the executive. The impeachment
was against a particular justice,
so theres no clash of the three de-
partments here, Carpio said.
Puno left the Supreme Court
without greeting Carpio, whom he
addressed in his speech as senior
associate justice and not acting
chief justice.
Puno headed the Judicial and
Bar Council that unanimously
nominated Corona to be chief jus-
tice in May 2010.
Aquinos...
quarters under President
Aquino, Lacierda said.
The Presidents net score
was +49 in March with 68
percent satisfied and 19
percent dissatisfied.
The SWS classifies net
satisfaction scores of +70
and above as excellent;
+50 to +69 as very good;
+30 to +49 as good; +10
to +29 as moderate; +9 to
-9 as neutral; -10 to -29 as
poor; -30 to -49 as bad; -50
to -69 as very bad; and -70
and below as execrable.
The survey involved
face-to-face interviews of
1,200 adult Filipinos na-
tionwide with sampling er-
ror margins of 3 percent
for national and 6 percent
for area percentages ap-
plied to the survey. Joyce
Pangco Paares
Govt...
six doables... Some of them are
doable, but there is a number
of themone or twothat
would require the approval of
the President.
Manila Auxiliary Bishop
Broderick Pabillo said the envi-
sioned CARP monitoring team
would focus on xing the claims
of farmers.
Catholic bishops and farmers
have been calling on the Aquino
administration to complete the
land reform program in 2014.
Mr. Aquino, who has ex-
pressed a desire to meet with
the farmers and bishops soon,
had earlier reiterated his ad-
ministrations commitment to
implement the land reform pro-
gram before it expires.
From the start, we have been
trying to complete its implemen-
tation. My instructions to [Ag-
riculture Secretary Proceso] Al-
cala is for this to be completed
within the time allotted to us,
because it will be very difcult
to get a further extension, the
President said.
I think he has been conduct-
ing discussions and talks with
various stakeholders to describe
precisely where we are at al-
ready at this point in time, what
remedies can be done and ac-
tions can be done to accelerate
the process.
Earlier, Lacierda took excep-
tion to Pabillos statement that
the Aquino administration had
the lowest CARP accomplish-
ment when compared to all
CARP administrations.
He said 111,889 hectares of
land were distributed in 2011,
which were higher than the
59,495 hectares distributed in
2009, the lowest on record.
Lacierda said P2 billion had
been allocated for the support ser-
vices to agrarian reform commu-
nities. Joyce Pangco Paares
PH...
Apart from the strict pro-
tocol that China subjects our
produce to, other markets have
started taking advantage of us
by buying our produce at rock-
bottom prices.
The Mindanao-based group
says several importers from
China, the Middle East and
Russia are now buying caven-
dish bananas at P60 to P120 a
box, down from P200 per box.
Theyre now offering dirt-
cheap prices for our bananas,
Antig said.
A number of small banana
growers and exporters have
started selling at break-even
[prices] if not at a loss. They
are now selling at less than 3
dollars a box from 4.50. I can-
not blame them, especially now
that school has started. They
need something to get by.
Antig says he has reminded
the small banana growers not to
give up and to nd other markets
because Philippine Cavendish
bananas are of excellent qual-
ity. China, the Middle East and
Russia have now been offering
cheaper prices, but Japan, Korea
and New Zealand remain good
buyers who pay well.
But many banana exporters
say that looking for other mar-
kets for the fruit is difcult.
It took us more than ve
years to penetrate our current
export destinations, Antig said.
I dont think the govern-
ment knows how difcult it is
to cultivate trading relations
when it comes to fresh fruit ex-
ports.
Some banana growers met
with Senator Francis Pang-
ilinan two weeks ago to ask
for assistance, and Pangilinan
promised to consider their rec-
ommendation to broker a deal
with the Social Welfare De-
partment to buy excess banan-
as that it will distribute to the
poor under the governments
food assistance program.
In May 2012 the national
government agreed to release
P50 million to help the small
banana growers improve their
packaging facilities and avert
another trade nightmare.
Bananas are the Philippines
second top dollar-earners next
to coconut. In 2010 the Phil-
ippines exported $720 million
worth of bananas.
China is the second biggest
market for bananas next to
Japan. The banana exports to
China reached 358,000 met-
ric tons worth P4.75 billion in
2011.
The banana sector employed
320,000 workers in 2010.
Flag-raising...
Rizal Park was where the national hero Jose Rizal was executed by
a Spanish ring squad in 1996, an execution that led to the revolution
against Spain in 1898. And it was in Malolos that the revolutionary
and rst Philippine President Emilio Aguinaldo proclaimed indepen-
dence from Spanish colonial rule.
The Labor Department said 43,009 jobs will be up for grabs at its jobs
fair at the Rizal Park on Independence Day, while the Light Rail Transit
Authority said the Light Rail Transit and the Metro Rail Transit will be
offering free rides from 7 a.m. to 9 a.m. and from 5 p.m. to 7 p.m. today.
Bulacan Gov. Wilhelmino Sy-Alvarado said today would be the
rst time that a sitting President, who usually leads the ceremonies in
Kawit, would be leading the rites in Mololos, where the patio of the
Barasoain church has been spruced up for the freedom day rites.
The celebration of Araw ng Kalayaan [Independence Day] becomes
doubly meaningful to Bulakenyos with the presence of the President, be-
cause it shows how the Chief Executive gives so much importance to the
greatness and historical signicance of Barasoain Church, Alvarado said.
Coinciding with the Independence Day rites is the launching of the
24K Tourism Icons of Bulacan starting at noon at the Hiyas ng Bulacan
Convention Center. The program is aimed at boosting the tourism indus-
try and showcasing the tourism icons of the three cities and 21 towns in
the province. Orlan L. Mauricio, Jonathan Fernandez and Vito Barcelo
Pangasinan...
and San Nicolas will also stop im-
ported meat from coming in.
Pangasinan made its move after
reports indicated that the smug-
glers of meat had been ooding
the provinces wet markets. The
smugglers were said to be deliver-
ing their smuggled meat at 1 a.m.
to 2 a.m. in Lingayen and at 3 a.m.
in San Carlos.
Municipal councilor Leven Uy
said they recently conscated sev-
eral kilos of smuggled frozen meat
that had been intended to be sold
in the town of Bayambang.
He said neither the Bureau of
Customs nor the Agriculture De-
partment had caught any of the
smugglers.
In a resolution approved on
March 9, Pangasinans provincial
government urged all local gov-
ernment units to strictly monitor
the transport, storage and display
of frozen and chilled meat and
meat products.
Subsequently, officials of Urdaneta
officials pass a resolution banning the
sale of frozen meat in the city.
It has been the experience of
most of our constituents that, more
often than not, the sale of frozen
meat in the markets of Urdaneta
City results in several diseases and
infections among consumers be-
cause of the frequent brownouts as
a consequence of which is the con-
tamination of bacteria in the said fro-
zen meat, the city government says
in a proposed ordinance.
Pangasinans provincial govern-
ment invoked Republic Act 7160
or the Local Government Code in
regulating the supply of meat under
its jurisdiction, and the hog grow-
ers and poultry raisers praised it for
helping to save the meat industry.
Abono chairman and Swine
Development Council director
Rosendo So said Pangasinans
move only shows the Bureau of
Customs is not doing its job to
stop smuggling, or its personnel
may be coddling the smugglers or
unscrupulous importers and trad-
ers of these contrabands.
This move by the local govern-
ment units to protect their citizens
from the proliferation of frozen
meat of dubious origin and safety,
if enforced, will help greatly in the
ght against smuggled meat.
Pangasinans market operators
had earlier noted that smugglers
were ooding the wet markets
with frozen meat.
Pangasinans provincial gov-
ernment said there is a need to
request the local government units
to come up with precautionary
measures to strictly monitor the
handling of frozen meat and meat
products for sale in the market
within their territorial jurisdiction
to ensure its quality and safety.
Mahathir...
on the pitfalls of democracy while
stressing the need to translate democ-
racys gains by helping the poor.
Mahathir said the Philippines
might be practicing democracy,
but he questioned if it was helping
the country achieve its goals. For
democracy to work effectively, he
said, democracy needed incorrupt-
ible leaders.
He warned that unstable democ-
racies might result in the collapse of
moral values.
All the things that we used to
value are being questioned, scruti-
nized, and, in many cases rejected,
to be replaced by what is called
freedom, freedom which is enjoyed
by some at the expense of others,
often at the expense of the commu-
nity as a whole.
Mahathir said an unbridled de-
mocracys biggest victims were
the people themselves, arguing that
democracy works only when the
people understand the limitations
of democracy.
He said most people thought only
about the freedoms of democracy
but know nothing of the implied
responsibilities. That, according
to Mahathir, would result only in
instability, and instability will not
permit development to take place
and the people to enjoy the benets
of freedom and the rights that de-
mocracy promises.
Mahathir also frowned on the
ideals of democracy by the people
and for the people. He said that
democracy should not be left in the
hands of the majority since the peo-
ple could not govern themselves.
Why has democracy not deliv-
ered the good life we expected of it?
Simply put, it is impossible for the
people to rule themselves. There
are too many of them and they can-
not agree on anything. Government
of the people, by the people and for
the people would result in a stale-
mate, in no government at all, in
anarchy.
Mahathir said that, during his
term, Malaysia had to make ad-
justments and sacrices to achieve
stability. I admit freely that Malay-
sia is not a liberal democracy.
Mahathir said leaders should not
overstay as a matter of principle.
Power corrupts and absolute
power corrupts absolutely. This is
a truism. The more corrupt the
leader, the more he wanted to stay.
Malaysia is home to three ethnic
groups: the Chinese, Indians and
Malays. As a result, Mahathir said
he saw the need to minimize the
conicts among them. By recogniz-
ing each others positions, Malay-
sia reduced much of the tendency
to friction among the races and en-
sured relative political stability.
Mahathir said industrialization
was important because agriculture
could not create enough jobs for the
growing population.
At a time when newly-inde-
pendent countries were national-
izing foreign-owned industries and
businesses, we decided to invite
foreigners, including the former
colonial masters, to come back and
invest in industries in Malaysia,
Mahathir said.
The government should help
businesses to succeed, since 28 per-
cent of the prots of businesses be-
longed to the government through
the corporate tax that businessmen
paid.
Malaysia also extensively in-
vested in education and training as
a way to ensure that foreign and lo-
cal investors would be assured of a
supply of educated and well-trained
staff.
PARIS Rain or shine, clay or
mud, Sunday or Monday, Rafael
Nadal rules Roland Garros.
The man they call Rafa
won his record seventh French
Open title Monday, returning a
day after getting rained out to
put the nishing touches on a
6-4, 6-3, 2-6, 7-5 victory over
Novak Djokovic. He denied
Djokovic in his own quest for
history the Novak Slam.
The match ended on a
Djokovic double-fault, a t-
tingly awkward conclusion to a
nal that had plenty of stops and
starts, including a brief delay
during the fourth set Monday
while what else? a rain
shower passed over the stadium.
They waited it out and Nadal
wound up as he has for seven of
the past eight years: down on
the ground, celebrating a title
at a place that feels like home.
He broke the record he shared
with Bjorn Borg and improved
to 52-1 at the French Open.
After serving his fourth dou-
ble-fault of the match, Djokovic
dropped his head and slumped
his
shoulders, an emotional
two-day adventure complete,
and not with the result he
wanted.
He was trying to become the
rst man in 43 years to win four
straight major titles. He came up
short and joined Roger Federer,
who twice came up one match
short of four in a row his pur-
suit also halted by Nadal at Ro-
land Garros in 2006 and 2007.
Nadal won his 11th overall
Grand Slam title, tying him with
Borg and Rod Laver on the all-
time list. AP
Nadal defeats Djokovic
for 7th French Open title
Cabinet...
Almendras avoided comments
about the resignation of his under-
secretary Jose Layug, but insiders
said his department had given the
undersecretary a farewell party.
If it is decided that I will no
longer be energy secretary, it is just
proper to give the new secretary the
option to form his own team as has
always been the case in all agencies
and as practiced in the past, Al-
mendras said.
Unconrmed reports say Al-
mendras will be replaced by Fi-
nance Undersecretary Emmanuel
Bonoan, but presidential spokes-
man Edwin Lacierda said he
could not conrm it.
We will let you know if theres
indeed some truth to that. As usual
and as a matter of policy, the Of-
ce of the Spokesperson releases
only ofcial announcements,
Lacierda said.
Last week, President Aquino in-
dicated to reporters he planned to
make changes in his Cabinet, and
that he would tap senators Panlo
Lacson and Francis Pangilinan for
key posts in his administration.
Lacson was expected to take over
the Interior Department, while Pan-
gilinan would be taking over at the
Environment Department.
Mr. Aquino also conrmed that
Customs Commissioner Runo
Biazon and Technical Education
and Skills Development Author-
ity Chairman Joel Villanueva will
be part of the Liberal Partys sena-
torial slate.
It was not known who will re-
place Villanueva, but some ofcials
identied Biazons replacement as
businessman Bert Lina.
The other ofcials who are ex-
pected to be transfered include
Internal Revenue chief Kim Hena-
res and Justice Secretary Laila de
Lima. They have been nominated
to the Judicial and Bar Council for a
possible appointment as Chief Jus-
tice of the Supreme Court.
Bayan Muna party-list repre-
sentative Neri Colmeres, who
played an active role in the ad-
ministration-backed impeach-
ment complaint that ousted Su-
preme Court Chief Justice Renato
Corona, was expected to head the
Philippine National Oil Co.
In the United Nationalis Alliance,
a coalition of the Pwersa ng Ma-
sang Pilipino of former President
Joseph Estrada and the PDP-Laban
of Vice President Jejomar Binay,
the conict between former sena-
tor Juan Miguel Zubiri and Senator
Koko Pimentel remain unresolved.
UNA spokesman JV Bautista
said the party would retain Zubiri
as a senatorial candidate despite
the objections from Pimentel, who
has threatened to leave the party be-
cause he cannot share the campaign
stage with Zubiri.
Koko is still in our slate. But if
he wants to leave, what can we do?
Bautista said.
Zubiri stays in our slate. All op-
tions were considered. It was of-
fered to Senator Koko to break up
candidates so they wont be in the
same stage.
Pimentel claimed he lost the 2007
senatorial elections to Zubiri be-
cause of cheating and has spurned
Zubiris efforts at reconciliation.
Lim said the UNA line-up looked
formidable, but it was too early to
make any conclusions because Mr.
Aquinos Liberal Party was still -
nalizing its own list of candidates.
Asked how the country would
benet from a Cabinet revamp, Lim
said it would depend entirely on the
President: whether he would use
the opportunity for change to play
politics or bring about real reforms.
He should appoint competent
people who could introduce pro-
grams that would benet the people.
If he appoint people to key posts to
reward his political allies then noth-
ing will change, Lim said.
JUNE 12, 2012 TUESDAY
A3 News
ManilaStandardToday mst.daydesk@gmail.com
IN BRIEF
Tourism,
Globe vow
more fun
Filipino students bag top honors in ILO
P300-m marijuana plants up in smoke
Ombudsman seals
deal with World Bank
Globe Telecom corporate communications head Yoly Crisanto
assured the Tourism department that the countrys top destinations
would get priority in the roll-out of the Globe network.
Crisanto said the partnership would promote the new tourism
brand Its More Fun in the Philippines and the Pinoy Homecom-
ing campaign.
Tourism Asst. Secretary Domingo Ramon C. Enerio III and
Globes Rizza Maniego-Eala led the signing of the memorandum
of agreement on the partnership at Ilustrado Restaurant in Manila.
The Pinoy Homecoming campaign, Enerio said, was intended to
attract overseas Filipinos to come and visit the Philippines especially
from 2011 to 2016.
It was designed as an incentive-based promotional campaign
wherein registered balikbayans could avail themselves of various
discounts from its many merchant partners, he said.
On the otherhand, the More Fun in the Philippines branding
campaign embodies a new voice for Philippine tourism, conveying
the reasons why visitors should come to the Philippines.
The next step would be to ensure that the buzz created by the
Fun campaign could generate momentum, bring in the tourists and
become a sustainable campaign to spur tourism, Enerio said.
The DOT targets tourist arrivals to hit 10 million by 2016.
For her part, Eala said that Filipinos themselves are the best
tourism ambassadors for the country with millions of them liv-
ing abroad.
By crowd-sourcing videos of family vacations, getaway trips
with friends or even having fun in their hometown, we nd a rich
source of real stories and experiences that we can share with the rest
of the world, enticing them to come to the Philippines, said Eala.
Macon Ramos Araneta
FROM January to June, a total of 106 marijuana plantations with
an aggregate land area or approximately 79 hectares were cleared
and P327 million worth of marijuana were burned as a result of
marijuana eradication operations, the Philippine Drug Enforce-
ment Agency said yesterday.
PDEA Director Jose Gutierrez Jr. attributed the successful eradi-
cation of the plantations to the solid cooperation and collaboration
among PDEA, the National Police, Army, and the Marines.
On Jan. 6, about P.8 million worth of marijuana was burned by
operatives in Nueva Ecija.
The destroyed marijuana plants were uprooted from a
400-square-meter land in Sitio Sabado Nights, Barangay Piut,
Carranglan.
The plantation was discovered by combined elements of local police
and the Army who immediately relayed the information to the PDEA.
On June 1, authorities burned P8 million worth of marijuana
uprooted from a half-hectare plantation in Maimbung, Sulu.
Florante S. Solmerin
THE Ofce of the Ombudsman
and World Bank are teaming up to
strengthen their continuing battle
against corruption and fraud.
Ombudsman Conchita Carpio-
Morales and Leonard McCarthy,
vice president signed a memo-
randum of understanding for a
closer cooperation and consulta-
tion on a regular basis on matters
of mutual interest.
Morales said they would hold
joint activities and collaborate
when appropriate in each partys
efforts to detect, substantiate and
prevent fraud and corruption.
Both agreed to engage one
another on relevant activities which
they organize and undertake, and
which may be of common interest
in the discharge of their mandates.
Under the MoU, the ofcials
pledged to provide a mechanism for
the reciprocal referral of inquiries
and recommendations pertaining to
investigations and actions residing
within the mandate and jurisdiction
of the respective parties; designate
contact points to facilitate and ex-
pedite the effective and condential
transmission of information ex-
changed; and meet periodically to
identify possible priority areas for
cooperation that present common
strategic or operational objectives.
Morales, however, clarify
that their agreement was not
intended to modify, or create any
obligation contrary to, the legal
and policy framework of either
party and its respective mandate.
She said their cooperation
would strengthen programs to
enhance good governance, curb
graft and corruption, and boost
the accountability of public
ofcials. Rio Araja,
Jonathan Fernandez
THE Department of Tourism has sealed
its partnership with Globe Telecom,
which is in the thick of a $700 million
network modernization program.
Three Filipino law students took top honors in a recent world-
wide video contest organized by the International Labor Organi-
zation (ILO).
The Filipino youth team consisting of law students Mr. Alfon-
so Orioste, Jr. of San Beda Collage, Ms. Janeca Naboya of Lyce-
um of the Philippines and Mr. Gian Carlo Miranda of Ateneo de
Manila University bested hundreds of other entries from around
the world and was awarded during the ILOs Youth Employment
Forum held in Geneva on May 23 to 25.
ILO launched the video contest in March 2012, with the theme
Decent Work for Youth for individuals or groups ages 18-29
years old to reect how the global economic crisis has affected
lives of the youth.
Their video entitled, Listen to my Story, focuses on the
plight of Janet who having trained and studied to be a teacher in
the Philippines was forced by circumstance to seek employment
as a domestic worker in the Middle East. It may be viewed at
http://www.youtube.com/watch?v=4qEIXuMCALE
Inspired by their victory and the Forum, the three intend to
continue the advocacy of youth employment in their schools and
in the future as lawyers. Eric B. Apolonio
Republic of the Philippines
Department of Finance
Securities and Exchange Commission
SEC Bldg. EDSA, Greenhills, Mandaluyong City
SEC Memorandum Circular No. 4
Series of 2012
GUIDELINES FOR THE ASSESSMENT OF THE PERFORMANCE
OF AUDIT COMMITTEES OF COMPANIES LISTED ON THE EXCHANGE
Consistent with the objective of the Commission to align its rules with global standards
and practices in order to develop the Philippine capital market, it issued the Revised Code
of Corporate Governance (the Code) in 2009 to foster and promote effective, quality,
and transparent corporate governance.
One of the signifcant provisions of the Code is the creation of an audit committee
(AudCom). The role of the AudCom has been given importance due to the reliance by
global capital markets on quality fnancial statements. Recent events in developed countries
have shown the need for an effective AudCom to ensure not only accurate and transparent
fnancial disclosures but also the observance of adequate risk controls.
These guidelines shall apply to companies listed on the Philippine Stock Exchange
(Exchange). For companies in the process of registering their securities for public offering
and listing, a transition clause is provided for in paragraph (5) of these Guidelines. All other
corporations are encouraged to conduct similar assessment activities.
1. OVERSIGHT RESPONSIBILITIES UNDER THE CODE
Article 3(K) of the Code provides that the AudCom shall consist of at least three (3)
directors, who shall preferably have accounting and fnance backgrounds, one of
whom shall be an independent director and another with audit experience. The chair
of the AudCom should be an independent director. It likewise provides the following
functions of the AudCom:
a) Assist the Board in the performance of its oversight responsibility for the fnancial
reporting process, system of internal control, audit process, and monitoring of
compliance with applicable laws, rules and regulations;
b) Provide oversight over Managements activities in managing credit, market,
liquidity, operational, legal and other risks of the corporation. This function shall
include regular receipt from Management of information on risk exposures and
risk management activities;
c) Perform oversight functions over the corporations internal and external auditors.
It should ensure that the internal and external auditors act independently from
each other, and that both auditors are given unrestricted access to all records,
properties and personnel to enable them to perform their respective audit
functions;
d) Review the annual internal audit plan to ensure its conformity with the objectives
of the corporation. The plan shall include the audit scope, resources and budget
necessary to implement it;
e) Prior to the commencement of the audit, discuss with the external auditor the
nature, scope and expenses of the audit, and ensure proper coordination if
more than one audit frm is involved in the activity to secure proper coverage
and minimize duplication of efforts;
f) Organize an internal audit department, and consider the appointment of an
independent internal auditor and the terms and conditions of its engagement
and removal;
g) Monitor and evaluate the adequacy and effectiveness of the corporations internal
control system, including fnancial reporting control and information technology
security;
h) Review the reports submitted by the internal and external auditors;
i) Review the quarterly, half-year and annual fnancial statements before their
submission to the Board, with particular focus on the following matters:
Any change/s in accounting policies and practices
Major judgmental areas
Signifcant adjustments resulting from the audit
Going concern assumptions
Compliance with accounting standards
Compliance with tax, legal and regulatory requirements.
j) Coordinate, monitor and facilitate compliance with laws, rules and regulations;
k) Evaluate and determine the non-audit work, if any, of the external auditor, and
review periodically the non audit fees paid to the external auditor in relation to
their signifcance to the total annual income
1
of the external auditor and to the
corporations overall consultancy expenses. The committee shall disallow any
non-audit work that will confict with his duties as an external auditor or may
pose a threat to his independence
2
The non-audit work, if allowed, should be
disclosed in the corporations annual report;
l) Establish and identify the reporting line of the internal auditor to enable him to
properly fulfll his duties and responsibilities. He shall functionally report directly
to the AudCom. The AudCom shall ensure that, in the performance of the work
of the Internal Auditor, he shall be free from interference by outside parties.
The above functions may be categorized into the following oversight responsibilities:
Category Oversight responsibilities
under the Code
Financial Reporting and
Disclosures
Sub-paragraphs (a), (g), (h) & (i)
Risk Management Sub-paragraph (b)
Internal Control Sub-paragraphs (a), (g) & (j)
Management Sub-paragraphs (b) & (j)
Internal Audit Sub-paragraphs (a), (c), (d), (f) & (h)
External Audit Sub-paragraphs (a), (c), (e), (h) & (k)
In addition to the above, the AudCom should make its composition and structure
in accordance with the requirements of the Code. Although the Code provides the
minimum qualifcation requirements, the company is not precluded from setting
higher standards. Its operation should attain a desirable level of independence by
making available resources and outside advisors that the AudCom may avail of in the
performance of its duties.
2. CHARTER OF AN AUDIT COMMITTEE
The AudCom should promulgate a charter that contains among others, its purpose,
membership, structure, operations, reporting process, resources and other relevant
information.
The charter should specify how the committee shall perform its oversight functions as
prescribed by the Code. On the basis of the provisions of the charter and the records
of activities and operation of the AudCom, an assessment can be made whether or
not it has effectively performed its duties.
3. REFERENCE GUIDES
In the preparation of its charter, the AudCom should strictly observe the requirements
of the Code and other applicable laws and regulations in the Philippines. For practices
and standards that are not found in the said laws and regulations, the AudCom shall
refer to global best practices and standards. In case of confict, the Code and the
applicable laws and regulations in the Philippines shall prevail.
The following references may be consulted or considered by the AudCom in the
preparation of its charter:
(a) Guidebook for Audit Committees in Singapore issued by the Audit Committee
Guidance Committee;
(b) Audit Committee Effectiveness What Works Best (4th Edition) issued by
PricewaterhouseCoopers and The Institute of Internal Auditors Research Foundation;
(c) The Audit Committee Guide Series issued by Grant Thorton;
(d) Shaping the Audit Committee Agenda (a reference guide for effective audit
committees) issued by KPMG Audit Committee Institute;
(e) Such other materials issued by professional organizations or institutions.
There is no assurance that the above references are exhaustive and complete.
The AudCom should exercise its judgment on the manner and extent to which the
references would be applicable to it, taking into consideration the applicable rules and
regulations in the Philippines and its own circumstances. The Commission takes no
responsibility for the accuracy or completeness of information in the above references.
4. ASSESSMENT OF PERFORMANCE
(a) The baseline on the assessment of the effectiveness of the performance of
the AudCom is its charter. Thus, it should be prepared in accordance with the
requirements of the Code and other applicable laws and regulations in the
Philippines, and should be aligned with the best practices and standards as
provided for in any or combination of the above reference guides.
(b) The AudCom shall assess its performance through a self-assessment worksheet
that contains the following information:
Responsibilities
under the Code
Specifc Areas/
Dimensions
(Non-exclusive List)
ASSESSMENT
Is this part
of the Audit
Committees
Charter?
(Yes or No)
Has this been
implemented?
(If yes, cite
reference
document)
Follow-up
Actions
Needed
Setting of
Committee
Structure and
Operation
1. Committee size
2. Independence
requirement
3. Qualifcations, skills and
attributes of members and
Chair
4. Financial knowledge of
members
5. Successi on pl an f or
members and Chair
6. Meetings (frequency, etc.)
7. Reporting to the Board and
issuance of certifcations
on cri ti cal compl i ance
issues
8. Evaluations
9. Resour ces i ncl udi ng
access to outside advisors
10. Training and education
Oversight
on Financial
Reporting and
Disclosures
1. Extent of understanding of
the companys business and
industry in which it operates
2. Compliance with financial
reporting regulations
3. Recognition of managements
r esponsi bi l i t y over t he
fnancial statements
4. A p p r o p r i a t e n e s s o f
accounting policies adopted
by management
5. R e a s o n a b l e n e s s o f
esti mates, assumpti ons,
and judgments used in the
preparat i on of f i nanci al
statements
6. Identi fi cati on of materi al
er r or s and f r aud, and
suffciency of risk controls
Oversight
on Risk
Management
and Internal
Controls
1. Obtaining managements
on Risk Management and
Internal Controls assurance
on the state of i nternal
controls
2. Review of internal auditors
evaluation of internal control s
3. Evaluation of internal control
issues raised by external
auditors
4. Assessment of cont r ol
environment including IT
systems and functions
5. Setting a framework for fraud
prevention and detection
i ncl udi ng whi stl e-bl ower
program
6. Deliberation on findings of
weaknesses in controls and
reporting process
7. U n d e r s t a n d i n g a n d
assessment of identifed risks
8. Evaluation of sufficiency
and effectiveness of risk
management processes and
policies
9. P r e p a r a t i o n a n d
implementation of a Business
Continuity Plan
10. Promotion of risk awareness
in the organization Oversight
on Management and Internal
Audit
Oversight
on
Management
and Internal
Audit
1. Evaluation of compliance
with the Code of Conduct for
management
2. Co mmu n i c a t i o n wi t h
management and internal
auditor
3. Assessment of adequacy of
resources and independence
of Internal Auditor
4. Qualifcations of an Internal
Auditor
5. In-house or outsource internal
audit function Responsibilities
under the Code Specific
Areas/Di mensi ons (Non-
exclusive List)
4. Qualifcations of an Internal
Auditor
5. In-house or outsource interna
6. Compliance with International
Standards on the Professional
Practice of Internal Auditing
7. Revi ew and approval of
internal audit annual plan
8. Extent and scope of internal
audit work
9. Reporting process
Oversight on
External Audit
1. Assessment of independence
E x t e r n a l A u d i t a n d
professional qualifications
and competence of external
auditor
2. Engagement and rotation
process of external auditor or
frm
3. Review and approval of scope
of work and fees of external
auditor
4. Assessment of non-audit
services
5. Understanding disagreements
between the auditor and
management
6. Actions on the findings of
external auditor
7. Managements competence
regarding fnancial reporting
responsibilities including
a g g r e s s i v e n e s s a n d
reasonableness of decisions
8. Evaluation of performance of
external audit- reappointment
and resignation
9. Compliance of external auditor
with auditing standards
10. C o m p l e t e n e s s a n d
timeliness of communication
with external auditor as to
critical policies, alternative
reatments, observati ons
on internal controls, audit
adjustments, independence,
limitations on the audit work
set by the management,
and other material issues
thataffect the audi t and
fnancial reporting.
(c) The AudCom should rate its overall level of compliance based on the above parameters.
It should use a quantitative rating of 1 to 10 with corresponding qualitative description
for each rating such as poor, satisfactory, very satisfactory, or outstanding, based on
a clear set of criteria indicated in its charter.
(d) The above assessment should be done by the AudCom on an annual basis or in such
shorter intervals as may be set by the Board of Directors. The results of the said
assessment shall be validated by the companys compliance offcer or its Corporate
Governance Committee, as may be applicable.
(e) A feedback mechanism should be in place to receive comments from management,
internal auditor, general counsel and external auditor. This should facilitate dialogue
within the organization about possible ways to improve its performance.
(f) The entire assessment process should be documented and should form part of the
records of the company that may be examined by the Commission from time to time
5. TRANSITION
Companies that are in the process of registering their securities for public offering and
listing shall disclose in their prospectus the details of their plans on the creation and
operation of its AudCom including its intention to prepare a charter. The assessment on
the performance of its AudCom, as prescribed by these Guidelines, shall be conducted
by the company within one (1) year from the date of its listing on the Exchange.
6. REPORTING OBLIGATION
All companies listed on the Exchange shall disclose in a current report (SEC Form
17-C) within fve (5) days from 30 September 2012, or from anniversary listing date
for those covered under par. (5) above, the following information:
(a) Whether or not it has an Audit Committee Charter and, if so, whether or not it has adopted
a plan to comply with these Guidelines. If an assessment has been conducted by the
companys AudCom, it shall provide a discussion on the results of the same based on
these Guidelines and the rating criteria set in its charter.
(b) If the company has no Audit Committee Charter, it shall disclose the reason for its
failure to prepare it and discuss its plan to address such defciency. If despite the lack
of a charter, the company adopts and implements certain best practices in its various
functions and procedures, such fact shall be disclosed in the report. The report shall
be signed by the Chairman of the Audit Committee and the Compliance Offcer (or the
Chairman of the Corporate Governance Committee, if applicable).
This Circular shall take effect on 30 June 2012.
Issued this 31 May 2012, Mandaluyong City.
For the Commission:
TERESITA J. HERBOSA
Chairperson
__________________________
1
This may also be read as fees paid by the company to the external auditor
2
As defned under the Code of Ethics for Professional Accountants
Responsibilities
under the Code
Specifc Areas/
Dimensions
(Non-exclusive List)
ASSESSMENT
Is this part
of the Audit
Committees
Charter?
(Yes or No)
Has this been
implemented?
(If yes, cite
reference
document)
Follow-up
Actions
Needed
7. Actions or measures in case
of fnding of error or fraud in
fnancial reporting
8. Review of unusual or complex
transactions including all
related party transactions
9. Determination of impact of
new accounting standards
and interpretations
10. Assessment of fi nanci al
annual and interim reports
as to completeness, clarity,
consistency and accuracy
of disclosures of material
i nformati on i ncl udi ng on
subsequent event s and
related party transactions
11. Revi ew and approval of
management representation
letter before submission to
external
auditor Responsibilities under
the Code
12. Communi cat i on of t he
AudCom with legal counsel
covering litigation, claims,
cont i ngenci es or ot her
signifcant legal issues that
impact fnancial statements
13. Fair and balance review of
fnancial reports
14. A s s e s s m e n t o f
correspondence between
the company and regulators
regarding fnancial statement
flings and disclosures
(MST-June 12, 2012)
Opinion Adelle Chua, Editor
ManilaStandardToday
mst.lettertotheeditor@gmail.com JUNE 12, 2012 TUESDAY
A4
MANY Filipinos looked with dismay
on what happened Sunday morning,
Philippine time, in Las Vegas, Nevada.
First, half-Filipino Jessica Sanchez,
around whom Filipinos all over the
world rallied during her quest to become
the next American Idol, lent her singing
prowessbut to the other camp. She
sang the United States national anthem
to kick off the boxing match between our
Manny Pacquiao and Timothy Bradley.
What happened after 12 rounds was
even more distressing when it was
announced that Bradley, not the Filipino
boxing hero, won the match. Many
expressed outrage that the decision was
rigged, or at least wrong. Sports analysts
argued that Pacquiao should have won
the match.
Pacquiao encouraged his supporters
to accept the judges decision. We would
have admired his humility and gallant
concession had he not insisted, in the
next breath, that he was the true winner.
He hinted at wanting a rematch. So much
for sincerity.
What followed over the Internet
showed the Filipinos penchant for
mistaking a false sense of pride for
love of country. Social networking
sites were abuzz with emotions from
sadness to outrage that Pacquiao, who
has been on a winning streak since
2005, was unfairly judged. On the
other hand, some twitted Pacquiao
and challenged him to find a biblical
passage pertaining to his loss. Yet
others exhorted him to accept his defeat
as Gods willgiven his recent, very
public conversion to a man of faith.
But forget about Pacquiaos faith
or his affectations of it. Never mind,
too, his underwhelming performance in
representing his Sarangani district to the
House of Representatives.
This time, Pacquiao is just a Filipino
boxer who foughtand lost. He has
lived through previous losses as he has
thrived on previous victories. Believe it
or not, he will be all right.
And so must our nation be. We
must not allow our national spirit to be
controlled by the success or failure of one
Filipino athlete, a half-Filipino singer, or
any other individual in the international
scene. We must stop pinning our pride
on others who are judged by popularity
or by specic capabilities.
The roots of national pride must go
deeper than this.
Proud and prejudiced
Widening gap
EDITORIAL
Vindication starts
MORE good news from last week, as
the Philippines climbed a remarkable 20
places to rank 72nd in the enabling trade
index published this year by the World
Economic Forum. This index evaluates
the ease and openness of cross-border
trade across 132 countries surveyed.
The improvement was driven mainly
by favorable scores on the market
access sub-index, which evaluates the
effectiveness of government policy in
enabling the movement of both exports
and imports. On that metric, the country
vaulted an even more notable 50 notches
to land in 14th place.
Such policy success can fairly be
credited to Department of Trade and
Industry Secretary Gregory Domingo,
whom I never managed to meet during
the years we were both New York-based
bankers. His policy innovations include
an open window mechanism to facilitate
intra-Asean trade, and an upcoming
road show planned to familiarize local
businessmen with emerging and new
markets as well as mechanisms like free
trade agreements.
***
Another piece of good news
though probably not from the Palaces
point of viewwas the Ombudsmans
decision last week to drop the charges
led against former President Gloria
Arroyo in connection with alleged
electoral cheating in Mindanao in 2004
(the so-called Garci case). This was a
pleasant surprise from the Ombudsman,
and keeps up our hopes that she will
deal fairly with Mrs. Arroyo regardless
of who nominated her to that ofce.
This decision is totally
understandable if we recall that ALL
the campaign surveysbar none
showed Mrs. Arroyo pulling away from
her main rival, the late actor FPJ, two
weeks before the 2004 election. During
election exit polls, she enjoyed an
unassailable eight-point lead. This can
be veried from any of the surveys at
the time: SWS, Pulse Asia, ABS-CBN,
Namfrel, even Comelec.
This historical record is available
for anyone to see. And yet we are still
bombarded today with drivel about
the stolen election and her fake
presidency. It is sad to see how many
people who inuence public opinion
even the biggest names among
broadsheet columnistswill endlessly
mouth any lie at all when it comes to
Mrs. Arroyo, apparently in the hope that
a lie--if repeated often enough-- will
somehow transmute into the truth.
Interestingly, of the countrys two
leading broadsheets (Philippine Star and
Daily Inquirer), one of them headlined the
Ombudsmans decision, while the other
instead headlined the ling of charges
against the former First Gentleman related
to the controversial helicopter sale to PNP.
You get one guess about which paper
went with the less attering helicopter
headlinea paper committed to being a
showcase for yellow journalism in more
ways than one.
***
More vindication may be
forthcoming on the other cases led
against the former President.
One is the 2007 election sabotage
case, where the administration is
blatantly using the absence of automatic
bail to punish Mrs. Arroyo with
indenite detention even before shes
been tried. In that case, the plaintiff
Comelectoday headed by the former
election lawyer of Mrs Arroyos rival
in 2004is down to just one witness,
former Maguindanao administrator
Norie Unas, a henchman of the infamous
Ampatuan family.
Here we have the spectacle of a
former head of state being kept behind
bars solely on the testimony of an
unsavory character like Unas, who
says he overheard Mrs Arroyo exhort
her campaigners to bring in a 12-0
victory. In the future, politicians are
hereby forewarned to be careful about
making rah-rah cheerleading statements
like that, because the Comelec might
just take them seriously.
Expect this demonization to intensify
in the future, as the accumulated black
propaganda against Mrs. Arroyo nally
starts to wither under the unforgiving
light of due process. Even now, for
example, the administration is already
boasting that they have four dozen
witnesses in the NBN/ZTE case,
including former Arroyo Cabinet
members whom I do not at all expect to
incriminate her.
Four dozen? That number sounds
awfully like the one hundred witnesses
that were supposedly lined up against
the former chief justice before the start
of his impeachment. If you liked the
antics to which we were treated by his
prosecutorsin lieu of a constitutionally
veried, properly evidenced proceeding
youll love the entertainment we can
expect now that its Mrs. Arroyos turn to
face the yellow mob.
***
Fortunately for her, that mob still
comprises a distinct minority. According
to the second-quarter survey conducted
by The Issues and Advocacy Center
from May 30-June 2, a majority of the
respondents believe that Mrs. Arroyo
should only be placed under house arrest
(59 percent) or should even be granted
bail (61 percent), even though most of
them also believe that she should still be
charged (57 percent).
It is reassuring to see once
again this evidence of the publics
instinctive appreciation of what is
just as well as what is decent. Despite
the administrations ofcial reaction
that they dont even recognize the
legitimacy of this survey, we are still
hopeful that they too will come to
acquire some measure of the charity and
common sense that their putative bosses
can teach them a lot about.
HAPPY Independence Day to all
Filipinos. And may all of us be
united under our one ag, instead
of under the partisan banners of the
merely politically ascendant.
***
Move along, now. Theres
nothing to see here, anymore.
So Manny Pacquiao lost for the
rst time in seven years, a remarkable
run dating back to his 2005 defeat
at the hands of Mexican Erik El
Terrible Morales. It was great while
it lasted for Filipino sports fans long
deprived of international glory, but
now its over.
A Pacquiao
victory in the
ring a couple
of times each
year seemed as
predictable as
the changing of
the seasons. The
victories may
have been hard-
fought or totally
one-sided, went
the distance or
were over in one
round; but they
were always reliable.
If Pacquiao does the classy thing
and retires after his unexpected
defeat to his wheelchair-bound
conqueror, no one will be able
to stop him. Quitting can also be
taken as his gentle protest against
the decision of the judges of last
Sundays ght to strip Pacman of his
long-held titles.
If, on the other hand, Pacquiao
agrees to climb into the ring with
Timothy Bradley once again,
ostensibly to prove that he really
won but really to just get another
payday at the expense of the gullible
boxing fans, thats his choice, as
well. But this course of action will
not endear Pacquiao to his fans and
may even convince them that hes
part of the same well-entrenched
conspiracy that has long corrupted
his sport.
In the meantime, let us try to
keep Pacquiaos loss in perspective:
The fate of the nation does not
depend on whether or not a Filipino
sportsman wins or loses, after all.
While Pacquiao has made us feel
good for so long, his many victories
and occasional defeats do not
directly affect the quality of life of
anyone outside of his family and his
entourage. He entertained his fellow
Filipinos and gave them somebody
to root for, but thats about all that
he has done.
Pacquiao has given all of us
something beautiful and for that we
thank him. But now we have to get
on with our lives, just as the most
celebrated Filipino boxer of all time
should get on with his.
***
Presidential approval ratings
should not rank much higher than
the exploits of professional athletes
like Manny Pacquiao, as far as
their effect on the daily lives of
Filipinos are concerned. Of course,
for the media-obsessed rulers of this
country, the regular tracking of the
publics acceptance of the Aquino
administration by the various survey
outts must be a matter of life or
death.
Yesterday, Social Weather
Stations announced that it recorded
the biggest dip in the satisfaction
ratings of President Noynoy Aquino.
Aquinos ratings for the month
of May were ranked at good
in the survey results published
in BusinessWorld, dipping seven
points to +42 (63 percent satised
minus 21 percent dissatised)
compared to Marchs +49 (68
percent satised minus 19 percent
dissatised).
SWS said its latest survey results
were a record low for Aquino,
whose ratings last November 2010
were tracked at
excellent at
+64. All of
Aquinos net
ratings in all
geographic areas
and across all
socio-economic
classes fell
compared to the
March survey.
***
The results
of the new SWS
survey showing
a consistent and
steady decline of the Presidents
popularity should prod the Aquino
administration to reconsider
its policies and priorities.
Unfortunately, past experience has
shown us that Aquino has never
admitted that any of his policies and
initiatives are mistakenand that
his response to dipping popularity
ratings has always exclusively been
more propaganda measures.
This is the reason that regardless
of how badly Aquino fares in the
surveys, he has never backed away
from even the most misguided of
his actions. On the other hand,
this administration has always
been of the rm belief that all the
bad press its been getting is the
handiwork of its political enemies
and should not be misconstrued as
real dissatisfaction emanating from
the people themselves.
The Aquino administrations
unseemly dependence on the
narcotic of popularity and its refusal
to change direction despite clear
public disapproval may seem, at rst
glance, to be contradictory. But the
government is able to entertain both
notions simultaneously because it
believes that all its troubles are not
of its own doingand that powerful
unseen forces are always at work to
bring about its downfall.
And this is ultimately what
will cause the gap between this
administration and the people
that it governs to widen until it
can no longer be bridged: the
government will continue to insist
that it has done nothing wrong,
while the people will soon learn
that the Aquino administration
cannot seem to get anything right.
Coming to think of it, perhaps
doing no wrong and getting nothing
right can coexist. If you dont do
anything, youll never be mistaken;
but youll never get anything done,
either.
JOJO
A. ROBLES
LOWDOWN
GARY
OLIVAR
BYPASS
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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Standard
TODAY
CLIMACO E. CALIWARA Controller
ANITA F. GREFAL Treasury Manager
EDITH D. ANGELES Advertising Manager
EDGAR M. VALMORIDA Circulation Manager
ROGELIO C. SALAZAR President & CEO
The fate of the
nation does not
depend on whether
or not a Filipino
sportsman wins or
loses.
A5 Opinion Adelle Chua, Editor
ManilaStandardToday
mst.lettertotheeditor@gmail.com
PEOPLE have asked me: What keeps
me busy during weekends since my
columns only appear from Tuesdays
to Fridays?
Well, I try to catch up with my
reading. Being in the sunset of my
years, I now prefer spiritual and
inspirational books. My wife and I
also relive the past by listening to the
music of our favoritesLove Letters,
Autumn Leaves, Mona Lisa and
Unforgettable by
Nat King Cole.
We also listen
to Frank Sinatra,
Matt Monroe,
and, of course,
Pilita Corrales.
She is just
unforgettable.
We hear
Mass in the
late afternoon,
after which we
dine with our
children and
grandchi l dren.
To us, there is
no substitute
for family bonding. We are blessed
because our children grew up as a
family.
I dont mind being old. In fact
I love this time of my life. At 85,
I feel blessed because most of my
friends from school have either
died, have Alzheimers, or are in
wheelchairs. The only ones among
us members of Ateneo AB 50 who
remain up and about are former
Vice President Tito Guingona, Ting
Roxas, Serge Montinola, Bobby
Sarreal and Mike Avancea, our
perennial class beadle.
Getting old has its advantages,
especially if you hair is all white, like
mine. When I fall in line for anything
anywhere, people make way for me.
Young people offer me their seats.
But what I like most of all is that
young ladies, kin or otherwise, buss
me.
I hate it though when people call
me Lolo. Once, I was in line at an
SM counter and the cashier addressed
me: Kamusta, Lolo? I said, with
indignation: Dont call me that, I am
not your Lolo!
I think I will continue to be as
alert and agile as Senate President
Juan Ponce Enrile, now 88. I guess
we Ilocanos live long because when
we were young, we were used to the
rigors of life.
***
Malacaang is said to be putting
pressure on Midas Marquez to resign
as court administrator of the Supreme
Court because of his association
with former Chief Justice Renato
Corona. The conscript media also say
Marquez is not t to stay on because
he misused funds from the World
Bank.
The truth of the matter, however,
is that the fundreleased by the
Bank to help institute reforms in the
Judiciaryis still being audited. So
what is the beef all about?
Malacaang is still smarting from
the tirades of Marquez who have
echoed the sentiments of the former
chief justice before and during the
impeachment trial. But Marquez, as
court spokesman, was only doing his
job.
One or two Supreme Court justices
may not look too kindly on Marquez,
but there has been no complaint
against him as court administrator.
Still, the matter is up to the Supreme
Court en banc.
***
President Benigno Aquino III has
been trumpeting the economic gains
of the country and his apparent
gains in the fight against corruption,
notably with the conviction of
Corona.
But what corruption? Corona was
convicted not
for corruption
but for failing
to disclose his
peso and dollar
accounts in
his Statement
of Assets,
Liabilities and
Net Worth,
which was
c o n s i d e r e d
a culpable
violation of the
Co n s t i t u t i o n
and betrayal of
public trust.
I say if the
President is intent on eliminating
corruption, he must look at his own
backyard.
At the Bureau of Customs, for
instance, corruption is so rampant
and smuggling is the rule of the day.
Did we ever get to nd out what had
happened to the 2,000 containers
that left the Port of Manila bound for
the Port of Batangas? No. Has the
smuggling of meat and poultry been
abated? No.
There are also talks that the
conditional cash transfer program,
supposedly for the poorest of the
poor, is getting into the wrong
hands.
And what, may I ask, has happened
to the complaint submitted by ofcers
and employees of the Development
Bank of the Philippines to the Ofce
of the Ombudsman after a young
lawyer committed suicide upon
receiving a show-cause order from
the chairman?
The bank employees are
complaining about their chairman,
Jose Nuez, and his close ties with
his former boss, Salvador Buddy
Zamora, who just happened to be
a big contributor to the Aquino
campaign in 2010. Zamora was
supposedly responsible for getting
Nunez appointed even though the
latter has no previous banking
experience.
Daang matuwid, my foot.
***
Alas, the Ombudsman is sitting on
this complaint, as it is also sitting on
the complaint against the midnight
deal entered into by the government
and the Reghis Romero Group
for the development of IBC-13 in
Broadcast City. The deal involves
the development of two-thirds of the
entire property into commercial and
residential establishments. But the
terms are grossly disadvantageous to
the government.
Why isnt the Ofce of the
Ombudsman acting on these
complaints?
Unresolved cases
of corruption
A rare opportunity for Aquino
WITH the impending appointment of
a chief justice of the Supreme Court,
President Aquino is faced with a
wonderful situationthe fact that he
has great choices for the post. Although
I have stated my preference for Justice
Antonio Carpio, I also believe that the
other senior justices being mentioned
and the outsiders that have so far been
nominated (Solicitor General Francis
Jardeleza, Dean Raul Panganlangan
and Professor Katrina Legarda)are all
qualied and will do well if appointed.
I would add to that mix Justice Maria
Lourdes Sereno, the rst Aquino
appointment to the court and who has
proven to everyone how brilliant and
courageous she is as a justice. Aquino
should choose the best of all these
qualied and good nominees, weighing
only their positives and not considering
negatives.
Theoretically the chief justice is but
one member performing adjudicative
functions like all the other magistrates in
a collegial and deliberative constitutional
institution. In reality, however, the chief
justice is more than another cog in the
wheels of justice. The chief justice
personies the Judiciary. His or her
quality as a leader and the amount of
trust that the public reposes in the CJ
sets the tone and the direction of the
judicial institution. The moral suasion
that the chief justice exerts, the reforms
that he or she institutes will bear upon
the credibility of the whole institution as
the dispenser of justice. This is why the
choice for the next chief justice is not a
run-of-the-mill appointment process but
a critical step towards strengthening our
democracy.
Given the current political
circumstances and the present state
of the Judiciary, choosing the highest
ofcial for the vacant judicial post
becomes doubly difcult. Even under
ordinary circumstances, the Judicial and
Bar Council has stated in its Rules that
requirements to merit recommendation
for appointment to the Judiciary are a
most difcult and trying duty because
the virtues and qualities of competence,
integrity, probity and independence
are not easily determinable as they are
developed and nurtured through the
years. Of course, the constitutional
requirements of competence, integrity,
probity and independence are abstract
qualities which can be concretized and
veried through old-fashioned vetting
and examination of the applicants
previous professional and personal
record and accomplishments.
The Judicial and Bar Council must
take every possible step to ascertain the
tness of the next occupant of this most
important post. Personal interviews,
testimonials and afdavits for or
against from a wide range of declarants,
interested and disinterested alike, must
be considered. A discreet vetting of the
applicants reputation in the community
and the work place should be undertaken.
More importantly, public participation
should be encouraged in that process.
Has he or she shown exemplary
dedication, efciency and competence in
the posts that he previously held whether
in the public or private sector? Has he
or she rendered decisions reective of
the soundness of his judgment, courage,
rectitude, cold neutrality and strength of
character? Has he or she demonstrated
superior expertise and familiarity
with the law that is respected by his
peers? What is his or her reputation
for incorruptibility, honesty, integrity,
irreproachable conduct, and delity to
sound moral and ethical standards? Is
he or she physically and emotionally t
to take on the rigors of the Ofce of the
Chief Justice?
There may also be some need
to quiz the applicant on his views
concerning social issues like agrarian
reform and environmental protection,
priority measures for judicial reforms
to ensure speedy and accountable
justice, improving access by the poor
to our courts, protecting academic
freedom, and last but not least improving
cooperation between the three branches
of government while ensuring and
strengthening the independence of the
Judiciary.
Political and religious beliefs need not
be taken into account. Neither should his
economic status, political connections
or his closeness to the appointing power
or other power brokers be considered.
Given that the President will probably
have good choices among the list he will
be given by the JBC, negatives should
also not be considered (all the candidates
would have that in equal amounts) and
only the positives of a candidate should
be weighed.
Last Saturday, in this column, I lamented
the fact that many our society seemed
unable to make important distinctions
when it comes to political matters.
One such non sequitur is that public
appointments are always based on political
considerations and not the qualications of
a candidate. Such appointments are seen
always as undignied horse races and
about pulling candidates down. In the case
of this appointment of a chief justice that
is the most important he could make in his
term, the President is fortunate as he has a
rare opportunity to choose on pure merit.
E-mail: tonylavs@gmail.com Facebook:
tlavina@yahoo.com Twitter: tonylavs
By Pankaj Mishra
ONCE upon a time Marxist-
Leninists said that the state, after
its seizure by the proletariat, would
wither away. Instead, big government
grew more oppressive in communist
countries. In our own deeply
ideological age of global capitalism,
the state was supposed to yield to the
logic of the free market, while being
a self-effacing facilitator of private
investment.
Fittingly, global capital initially
found its best investment climate in
a country recovering from Marxist
Leninism: China, where a nominally
Communist regime gave subsidies and
tax breaks to exporters and foreign
investors. The unelected regimes lack
of democratic accountability helped in
this process of marketization, especially
in the swift and largely unpublicized
suppression of dispossessed peasants
and factory workers.
But can the state in democratic
countries be such a pliable agent of prot-
maximizing capitalists? Reading some
of the recent commentary bemoaning
the state of the Indian economy, I am
struck by its basic supposition: that it
is the Indian states duty to speed up
economic reformscode words for
opening up the economy further to
private investment and global ows of
capital and production. The government
is berated for its paralysis, apparently
so damaging that Indian businessmen
are now forced to make most of their
investments abroad.
The main assumption here is that
elected national governments and the
global market economy are logical
partners in the creation of wealth and in
that much slower but apparently steady
process, the removal of poverty. But
what if this is untrue?
In Europe, angry and fearful
electorates stand ready to reject any
government seen doing the bidding of
transnational organizations or enforcing
scal discipline at the behest of invisible
bondholders.
Even at the height of the previous
decades articial boom, serious
contradictions had opened up between
democratic politics, which respect
the opinions of the majority, and the
imperatives of global capitalism, which
is geared toward the creation of private
wealth.
Most British people have consistently
seen mobile labor, a precondition of
economic growth, as a threat to local
jobs and social solidarity. Regardless
of the many pro-immigration editorials
in the Financial Times, the Economist
and other nancial organs, successive
governments have tried to show
themselves to be in line with public
opinion.
And more: European politicians,
from Marine Le Pen to Angela Merkel
and Gordon Brown, kept up a populist
rhetoric of national values, (often
in opposition to a vaguely dened
multiculturalism). As their scope of
action in the economic arena shrank,
Tony Blair and Nicolas Sarkozy also
tried to project themselves abroad
as missionaries for freedom and
democracy.
But old-style nationalism and
international posturing cant
compensate for the surrender of
economic sovereignty to business and
nancial institutions, especially in a
time of acute crisis, such as the one in
Europe today.
A belatedly aroused citizenry holds
elected governments to account for the
destruction of old guarantees of security
and stability. Politicians are accused
of pampering elites with transnational
loyalties, and for allowing the
entrenchment of massive inequalities.
But the politicians are of course
helpless; the welfare state has withered
away and cannot be recreated.
Turning to India, we nd a not
dissimilar impasse. Unlike in Europe
and America, democracy in a largely
poor country like India has been
inseparable from the promise of material
improvement and social and economic
justice.
Indias politicians have always sought
to bribe their largely impoverished
electorate, and reward themselves and
their allies. They have tended to ght
harder than their European counterparts
against the restrictions on their power
and authorityfor instance, against
the cuts in welfare spending entailed
by a deeper integration of the national
economy with the global one.
Bloomberg
Democracy and capitalism
are heading for a bitter breakup
EMIL
P. JURADO
TO THE POINT
By Stacy A. Anderson
WASHINGTONClare Dickens
only wanted to share her story to help
others. But in the process, she became
a successful independent author
with the help of a local bookstore and
its instant publishing machine.
Dickens wrote A Dangerous Gift
with her son Titus, a memoir of their
life dealing with his bipolar disorder.
She completed the novel after he took
his own life at the age of 25 in 2006.
Though Dickens found a publisher
in Iceland to release the book in 2007,
she still wanted a broader reach. The
Espresso Book Machine at Politics
and Prose in the District of Columbia
enabled her to bring the memoir to
local bookshelves and beyond earlier
this year.
Her book has since become the best-
selling, self-published title at the local
bookstore and its Web site.
I didnt expect to sell any at all,
Dickens said. I didnt want to be a
best-seller. Its really about getting my
sons story out there and helping other
people.
Self-publishing has been made
easier since the Espresso Book Machine
by On Demand Books debuted in 2006.
The machine also can make copies of
out-of-print editions.
The rst machine was installed
briey at the World Banks bookstore.
Through a partnership with Xerox, the
company now has machines in about
70 bookstores and libraries across
the world including London; Tokyo;
Amsterdam; Abu Dhabi, United Arab
Emirates; Melbourne, Australia; and
Alexandria, Egypt.
Thor Sigvaldason, chief technology
ofcer of New York-based On Demand
Books, said the technology can help
book retailers twofold.
It can, potentially, give them a
huge virtual inventory so they can
have as many books as Amazon, all
in a little bookstore, he said. It turns
independent bookstores into places to
get books published. Its a new thing
for the bookstore to do: not just sell
books, but actually create books.
Dickens book costs $10.38 (8.23)
to print and retails for $16 (12.70).
Bill Leggett, a bookseller who co-
manages the machine, said about a
dozen copies are sold a month. Thats
better than a lot of authors who have
major publishers, he said.
Politics and Prose has produced
almost 5,000 paperback bookssome
in as little as ve minutessince
receiving the book machine nicknamed
Opus last November. Leggett said
about 90 percent of the books printed
on the machine are self-published
works by local authors.
The others are out-of-print editions,
millions of titles available in the public
domain like Google Books, and digital
formats licensed out through major
publishers including Harper Collins.
Alfred Morgan Jr. was able to get a
copy of his fathers out-of-print 1923
aviation guide, How to Build a 20-
foot Bi-Plane Glider, printed on the
machine for $8. The volume was on
Google Books.
Many would admit that the
physical reality of a book in your hands
offers something that you dont quite
get from books on a computer or on a
tablet, Morgan said.
Customers at Politics and Prose have
also printed rare editions, or editions
drifted out of print, by Henry David
Thoreau, Ralph Waldo Emerson and
William Shakespeare, Leggett said. An
out-of-print edition of Mark Twains
The Tragedy of Puddnhead Wilson
with a simple cover and more than 400
pages costs about $12.
How the Espresso Book Machine
works: The machine uses two PDFs,
one for the cover and another for
the text. The cover and text, both
generated from digital les, are printed
simultaneously on opposite sides of
the machine. They meet in the middle
section of the machine, where they are
bound, before dropping to a trimming
station on the bottom. The book is
dispensed through a chute.
Interest in producing paper books
comes at a time of substantial growth
in the electronic book industry. The
Association of American Publishers
reported 3.4 million ebooks were sold
last year, up more than 300 percent from
2010. Still, revenue from electronic
book sales was just a fraction of that for
printed books, $21.5 million compared
to $335.9 million, the association said.
As bookstores continue to close their
doors, crippled by ebooks and digital
reading devices, more are embracing
the Espresso Book Machine.
Northshire Bookstore in Manchester
Center, Vt., produces about 5,500
books per year on the Espresso Book
Machine since using the beta version in
2008 and upgrade in 2010.
Debbi Wraga, the book machine
coordinator, said about 85 percent of
their customers use it for independent
book publishing, about 350 self-
published titles so far. The others use it
to produce rare books including foreign
titles, or personalize books, such as
Christmas carols with inscriptions and
family photos.
Wraga said: Its a wonderful feeling
when you take it off the press and hand it
to the author. You can smell the glue and
the book is still warm. Its almost like
handing a newborn baby to a mom.
Its a way for people who ordinarily
wouldnt be able to have a book on
the shelf to have it on the shelf, he
said. Its a way for the community to
increase the number of people who can
express their ideas. AP
Independent bookstores embrace digital publishing
The President
must look closer
into these cases
before he claims
he is winning the
ght.
DEAN TONY
LA VIA
EAGLE EYES
News
ManilaStandardToday
mst.daydesk@gmail.com JUNE 12, 2012 TUESDAY
A6
21 Customs execs,
brokers face charges
IN BRIEF
Steel rm pushes
lawsuit vs ofcials
Underpass ahead of Sept deadline
THE underpass along Quezon Avenue crossing Araneta
Avenue (C-3 Road) in Quezon City is ahead of its September
schedule and will be completed soon, according to Public
Works and Highways Secretary Rogelio L. Singson.
The DPWH chief said that based on the report of the
DPWHs Urban Road Projects Ofce-Project Management
Ofce, the said the P430-million interchange project is now
70 percent complete.
The interchange project that started June last year in-
cludes a 4-lane underpass along Quezon Avenue crossing
Araneta Avenue, installation of submersible pumps to man-
age ooding in the area, and construction of reinforced con-
crete box and pipe culverts.
Courts orders arrest of Anabelle Rama
THE Quezon City regional trial court on Monday ordered the
arrest of talent manager Anabelle Rama for not appearing in
her arraignment on the 14 counts of libel led against her by
former actress Nadia Montenegro.
Branch 92 Judge Eleuterio Bathan ordered Ramas arrest
and the cancellation of the bail bond she posted after she was
sued for publishing defamatory remarks against Montenegro
and her daughters Allandra Pla Asistio, 15, and Alyanna Pla
Asistio, 17, in her Tweeter account.
Ramas lawyer Derrick Delegencia sought a reconsidera-
tion of the arrest order, but Bathan maintained that a respon-
dent is required to attend arraignment, except during illness.
Rio N. Ar aja
American found hanged in Dusit Thani
A 58-YEAR-old American national hanged himself to death
inside his room at the Dusit Thani Hotel in Makati City,
police said.
Gary Edward Stenules, a native of Illinois, was found
dead by a hotel employee late Sunday afternoon, Supt. Jai-
me Santos, chief of the Makati police said.
Santos said investigators from the Federal Bureau of In-
vestigation based at the US Embassy in Manila examined
the scene and were convinced that there was no foul play
involved in the incident. Fer dinand Fabella
Aside from graft, the NBI
also accused the 21 suspects
of falsication of public
documents, falsication by
private individuals, false
testimony and grave misconduct
for government employees.
NBI supervising agent
Madrino de Jesus recommended
the preliminary investigation of
former Criminal Intelligence
and Investigation Section
director Filomeno Vicencio Jr.,
former Intelligence Division
chief Fernandino Tuazon,
former CIIS ofcer-in-charge
Marina Rae Galang, CIIS
lawyer Floro Calixihan Jr.,
former Port of Batangas district
collector Juan Tan, assessment
division chief Leonardo Peralta
and ports operations division
chief Felix Embalsado.
Also recommended to be
investigated are customs brokers
Araceli Arellano, Diosdado
Bagon and customs representative
Ariel Dionisio; importers Loida
Jalimao and Wilson Werba, seven
employees of Zoom Cargo Base
Forwarders, ve employees of
ACA International Forwarding;
two warehouses owners and
several John and Jane Does.
De Jesus said the alleged
crimes were committed from
February 2011 to June 11, 2011
in Manila and Batangas.
He said Galang issued
alert orders to Vicencio on
20 container vans for alleged
undervaluation, misclassication
and misdeclaration, but when
the alert orders were lifted,
the ofcials did not inspect
the container vans and instead
immediately loaded them on
various trucks and delivered
directly to various destinations
as advised by the brokers
representative.
De Jesus said the concerned
Customs personnel did not
even check the status of the
containers vans and did not
prepare the necessary post-
examination report.
He also pointed out that in
an effort to conceal and cover
up their misdeeds, the Customs
issued a progress report stating
that, as of June 6, 2011, no
importer nor customs broker
has surfaced to follow-up the
status of the vans.
Further, De Jesus said,
the brokers and consignees
submitted documents for the
release of the 20 container vans
signed by a certain Manolito
del Rosario of MG Villacorte
Trading, who had been dead
since September 2009.
De Jesus said the alleged
conspiracy among the Customs
personnel and the private
individuals has already been
clearly established and caused
undue damage and prejudice
to the government which was
defrauded of P1,474, 972.00 in
duties and taxes.
By Macon Ramos-Araneta
THE National Bureau of Investigation
has asked Ombudsman Conchita Carpio-
Morales to investigate 21 ofcials and
employees of the Bureau of Customs and
their alleged cohorts for corruption and
other criminal acts.
Car theft suspect nabbed. Highway Patrol Group Director
Chief Supt. Leonardo Espina explains the charges against Freda
Nagtalon of Taytay, Rizal, who was arrested for car theft and
qualied theft. MANNY PALMERO
A STEEL rm that sought the
removal of a deputy Customs
commissioner early this year ex-
pressed support for Commission-
er Runo Biazon who continues
to run after what it described as
powerful bureaucratic syndi-
cates.
Malabon-based Sanyo Seiki
Stainless Steel Corp. said the re-
moval of Deputy Commissioner
Gregorio Chavez, former chief
of the bureaus Run After The
Smugglers unit, was a boost to
the governments anti-corruption
campaign and strengthens the
rms resolve to pursue the ex-
tortion charges that were led
against Chavez and seven other
Customs ofcials.
The rms lawyer, former
solicitor general Frank Chavez,
said the statements of dismissed
Deputy Commissioner Ch y was
the mode for the demand done in
an unscrupulous manner through
dubious emissaries, the former
solicitor general said.
Also implicated in the extor-
tion charges are former Sanyo
Seiki chief operating ofcer Leo
Peter Paul Gonzales, who was
allegedly in cahoots with the
masterminds of the extortion at-
tempt evidenced by the recovery
and transcription of the contents
of his computer and cellphone.
Also charged were spouses
Godofredo and Anabel Mozo,
both customs brokers recom-
mended by Gonzales; and Mariv-
ic Jong Briones, vice president
for internal and external affairs
of the Port Users Confederation.
The former solicitor general
also highlighted the ex-deputy
commissioners disclosure that
his men had mission orders ad-
dressed to different entities,
showing the defects of their mis-
sion orders that were allegedly
used to conduct Gestapo-type
raids and illegal stakeouts to ha-
rass Sanyo Seiki.
The former solicitor general
said the sacked DepComm also
failed to mention the other at-
tempts to raid the warehouses
of Sanyo Seiki without mission
orders, one of which was pur-
portedly led by Customs Bonded
Warehouse Unit chief and Col-
lection Ofcer Lucila Medina
last June 17, 2011.
The former Solicitor Gen-
eral also bared that DepComm
Chavez forgot the fact that his
men, after illegally seizing one
of Sanyo Seikis trucks con-
taining manufactured products
intended for delivery in July
last year, just left the vehicle at
the Sto. Nino Police Station in
Bulacan.
Manila
Standard
TODAY
CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK
DEPARTMENT OF PUBLIC WORKS AND HIGHWAYS
Caraga Region XIII
OFFICE OF THE DISTRICT ENGINEER
2
nd
Surigao del Norte Engineering District
Dapa, Surigao del Norte
I NVI TATI ON TO BI D
The 2
nd
Surigao del Norte Engineering District, through its Bids and
Awards Committee (BAC), invites contractors to apply to bid for the
following contract(s):
Contract ID : 12NG0011
Contract Name : Road Upgrading (Gravel to Concrete) Del
Carmen- Sta. Monica-San Isidro Road
Contract Location : Del Carmen, Surigao del Norte
Brief Description : PCCP Concrete Shoulder
Approved Budget for
the Contract (ABC) : Php.1,824,039.34
Contract Duration : 20 calendar days
Contract Name : Improvement/Concreting of Jct. Cancohoy-
Pilar Road
(Bagakay-Jamoyaon Section)
Contract Location : Siargao, Surigao del Norte
Brief Description : Earthwork, Drainage & Slope Protection
Contract Name : Improvement/Concreting of Jct. Osmea-Pilar
Road Sta. 4+571.70-Sta.5+620.00
Contract Location : Surigao del Norte
Brief Description : Earthwork, Drainage & Slope Protection
Contract Name : Installation/Application/Construction of Road
Safety Devices Along Dapa-Gen. Luna
(Osmea-Tawin-Tawin Section) Road
Contract Location : Siargao Island, Surigao del Norte
Brief Description : Installation of Signages & Guardrails
Contract Name : Installation/Application/Construction of Road
Safety Devices Along Burgos-San Isidro
(Baybay-San Isidro Section) Road
Contract Location : Siargao Island, Surigao del Norte
Brief Description : Installation of Signages & Guardrails
Procurement will be conducted through open competitive bidding
procedures in accordance with R.A. 9184 and its Revised Implementing
Rules and Regulations.
To bid for this contract, a contractor must submit a Letter of Intent
(LOI), purchase bid documents and must meet the following major criteria:
(a) prior registration with DPWH, (b) Filipino citizen or 75% Filipino-owned
partnership, corporation, cooperative, or joint venture, (c) with PCAB
license applicable to the type and cost of this contract, (d) completion
of a similar contract costing at least 50% of ABC within a period of 10
years, and (e) Net Financial Contracting Capacity at least equal to ABC,
or credit line commitment at least equal to 10% of ABC. The BAC will use
non-discretionary pass/fail criteria in the eligibility check and preliminary
examination of bids.
Unregistered contractors, however, shall submit their applications
for registration to the DPWH-POCW Central Offce before the deadline
for the receipt of LOI. The DPWH-POCW Central Offce will only process
contractors applications for registration with complete requirements and
issue the Contractors Certifcate of Registration (CRC). Registration Forms
may be downloaded at the DPWH website www.dpwh.gov.ph.
The signifcant times and deadlines of procurement activities are
shown below:
1. Issuance of Bidding Documents From: June 11, 2012 to June 28, 2012
2. Pre-Bid Conference June 13, 2012@ 9:30am
3. Deadline of Receipt of LOI from
Prospective Bidders
June 18, 2012
4. Receipt of Bids Deadline: Not later than 2:00 pm
June 28, 2012
5. Opening of Bids June 28, 2012 @ 2:30 pm
The BAC will issue hard copies of Bidding Documents (BDs)
at 2
nd
Surigao del Norte Engineering District, Dapa, Surigao del Norte
upon payment of a non-refundable fee of P5,000.00 each for Bidding
Documents. Prospective bidders may also download the BDs from the
DPWH web site, if available. Prospective bidders that will download the
BDs from the DPWH website shall pay the said fees on or before the
submission of their bids Documents. Bids must accompanied by a bid
security, in the amount and acceptable form, as stated in Section 27.2 of
the Revised IRR.
Prospective bidders shall submit their duly accomplished forms as
specifed in the BDs in two (2) separate sealed bid envelopes to the BAC
Chairman. The frst envelope shall contain the technical component of the
bid, which shall include a copy of the CRC. The second envelope shall
contain the fnancial component of the bid. Contract will be awarded to the
Lowest Calculated Responsive Bid as determined in the bid evaluation
and post-qualifcation.
The 2
nd
Surigao del Norte Engineering District reserves the right to
accept or reject any or all bid and to annul the bidding process anytime
before Contract award, without incurring any liability to the affected
bidders.
(Sgd.) GERARDO M. METANTE
Acting BAC Chairman/
BAC Vice-Chairman
NOTED:
(Sgd.) SALVADOR E. MONTIL, JR.
District Engineer
(MST-June 12, 2012)
Department of Public Works and Highways
Camarines Sur 4
th
District Engineering Offce
Sta. Teresita. Baao, Camarines Sur
INVITATION TO BID
The Bids and Awards Committee (BAC), of the Department of Public Works and
Highways, (DPWH) Camarines Sur 4t
h
District Engineering Offce, invites
contractors to bid for the following projects, viz:
Contract ID 12FGOO23
Contract Name Indv. Project - Asphalt Overlay Iriga- Buhi Road
Contract Location San Roque - Sto. Domingo Section, Iriga City
Scope of Work Asphalt Overlay
Approved Budget for the
Contract (ABC)
P 9,650,000.00
Contract Duration 30 cd
Bid Docs 10,000.00
The BAC will conduct the procurement p~ in accordance with the Revised IRR of
RA. 9184. Bids received in excess of the ABC shall be automatically rejected at the
opening of bid.
To bid for this contract, a contractor must submit a Letter of Intent (LOI), purchase
bid documents and must meet the following major criteria: (a) prior registration with
DPWH, (b) Filipino citizen or 75% Filipino-owned partnership, corporation, cooperative,
or joint venture, (c) with PCAB license applicable to the type and cost of this contract,
(d) completion of a similar contract costing, at least 50% of ABC within a period of 10
years and (e) Net Financial Contracting Capacity at least equal to ABC, or credit line
commitment at least equal to 10% of ABC. The BAC will use non-discretionary pass/
fail criteria in the eligibility check and preliminary examination of bids.
Unregistered contractors, however, shall submit their applications for registration to
the DPWH-POCW Central Offce before the deadline for the receipt of LOI. The DPWH
POCW-Central Offce will only process contractors applications for registration with
complete requirements and issue the Contractors Certifcate of Registration (CRC).
Registration Forms may be downloaded at the DPWH website www.dpwh.gov.ph.
The signifcant times and deadlines of procurement activities are shown below:
1. Issuance of Bidding Documents From: June 4, 2012.
To: June 25, 2012
2. Pre-Bid Conference June 13, 2012
3. Deadline of Receipt of LOIs from
Prospective Bidders
Deadline: June 4, 2012
T o: June 19, .2012
4. Receipt of Bids Deadline: June 25, 2012 until 10:00AM
5. Opening of Bids June 25, 2012 at 2:00 PM
The BAC will issue hard copies of Bidding Documents (BDs) at Department of
Public Works and Highways, (DPWH) Camarines Sur 4
th
District Engineering Offce,
upon payment of a non-refundable fee. Prospective bidders may also download the
BDs from the DPWH website, if available. Prospective bidders that will download the
BDs from the DPWH website shall pay the said fees on or before the submission of
their bids Documents. Bids must accompanied by a Bid Security, in the amount and
acceptable form, as .stated in Section 27.2 of the Revised IRR.
Prospective bidders shall submit their duly accomplished forms as specifed-in
the BD s in two (2) separate sealed bid envelopes to the BAC Chairman. The frst
envelope shall contain the technical component of the bid, which shall include a copy
of the CRC. The second envelope shall contain the fnancial component of the bid.
Contract will be awarded to the Lowest Calculated Responsive Bid as determined in
the bid evaluation and post-qualifcation.
The Department of Public Works and Highways, (DPWH) Camarines Sur 4
th
District
Engineering Offce reserves the right to accept or reject any or all bid and to annul
the bidding process anytime prior Contract award, without incurring any liability to the
affected bidders.
Approved by:
(Sgd.) NESTOR P. GORIMBAO
Asst. District Engineer
(BAC Chairman)
Noted:
(Sgd.) ROSAURO R. GUERRERO
District Engineer
(MST-June 12, 2012)
REAL ESTATE ASSET BI DDI NG COMMI TTEE
The AFP-Retirement and Separation Benefts System (AFP-RSBS) invit es
int erest ed part ies t o purchase, by way of sealed bid, t he following propert ies
on asis basis.
Description Location Min. Floor Price
197 Resident ial and 16
Commercial Condominium Unit s
( as one lot ) wit h TFA: 16, 512. 19
sqm, wit h TCT No. 227367 ( TLA:
1, 179 sqm)
Lot 1961 ( TLA: 10, 947 sqm) wit h
TCT No. T- 326756
143 Yakal St ., Brgy.
Kayamanan A,
Makat i Cit y
St a. Rosa, Laguna
Php404, 330, 400. 00
Php18, 609. 900. 00
I nt erest ed bidders may obt ain bidding document s wit h propert y descript ions
upon payment of P10, 000. 00 ( for Makat i propert y) and/ or P500 ( for St a. Rosa
propert y) st art ing June 11, 2012 at t he Marketing and Sales Department,
G/F AFP-RSBS Bldg., 424 Capinpin Ave., Camp Aguinaldo, Q.C. All bids
must be accompanied by a bid deposit equivalent to 10% of the minimum foor
price.
A pre- bidding conference is scheduled on June 18, 2012 at 10 am, at t he
Galang Hall, AFP-RSBS Bldg., 424 Capinpin Ave., Camp Aguinaldo, Q.C.
Bids will be opened in t he presence of t he bidders or t heir represent at ives on
June 29, 2012 at 10 am in t he same venue.
For inquiries, please call Ramir or Wendell at 912- 0056 or 911- 0313.
( Sgd. ) MGen Daniel R Casabar, Jr AFP (Ret.)
Chairman, Real Est at e Asset Bidding Commit t ee
AFP-Retirement and Separation Benefts System
424 Capinpin Avenue, Camp Emilio Aguinaldo, Quezon Cit y
(MST-June 11 & 12, 2012)
IN BRIEF
Ateneo rules Martin Cup
David top cager again
THE Ateneo Blue Eagles did it again.
The Loyola dribblers got big baskets
from Nikko Salva and Kiefer Ravena in
overtime to beat the Jose Rizal University
Heavy Bombers, 98-92, and snare the
18th Fr. Martin Summer Cup basketball
crown last Sunday at the St. Placid
gymnasium of the San Beda College in
Mendiola, Manila.
It was the Blue Eagles second crown
in the tournament since they last won it at
the expense of the Mapua Cardinals two
years ago.
In the womens nals, Jinky Ballasta
and Snow Penaranda made 20 and 15
points, respectively, for the Adamson
Lady Falcons, who won over La Salle,
62-43.
In the junior title playoffs, the San
Red Cubs reclaimed the crown they lost
to Hope Christian last year by trouncing
the Ateneo Blue Eaglets, 91-75, and with
Javee Mocon providing 17 points.
Salva and Ravena had 15 and 12
points, respectively, and their baskets
at the last minute kept at bay the Heavy
Bombers, who threatened for the last time
by one, 92-93.
THERES just no stopping Powerade
superstar Gary David.
For the second consecutive week,
David emerged as the Accel Philippine
Basketball Association Press Corps
Player of the Week for the duration of
June 4 to 10 in the Philippine Basketball
Association Governors Cup.
David was able to lead his Tigers
to their third straight victory against
erstwhile unbeaten and league leader
Rain or Shine, 104-98, Friday when he
scored another game-high of 30 points.
Not only did the Tigers improved to 3-2
after a 0-2 start, David also tied a scoring
record in the process.
David extended his streak of scoring
20 or more points to 19 straight games,
tying Barako Bulls Danny Seigles
feat during his hey days in 2006. More
impressively, the scorer has reached the
30-point plateau in 18 of his 43 games
this season. Jeric Lopez
A7 Sports Riera U. Mallari, Editor
ManilaStandardToday
sports_mstandard@yahoo.com
The 41-year-old Ang shot 134 points to
beat out Taiwanese ace Hsu Ching Huang
by four for the gold medalhis third in
the annual event counting a two-goal
haul in the 2007 edition. Malaysian star
Bernard Yeoh settled only for the bronze
with 128 points
Nasa condition lang ako ngayon,
said the pride of Laoag City, who missed
earning another berth in the London
Games due to lack of tournaments.
Angs golden feat somehow made up for
PH shooters bag 6 medals
BEIJING Olympic veteran Eric Ang captured
the gold medal in the mens individual trap to
highlight the countrys six-medal romp in the
recent 36th Southeast Asia Shooting Association
Championships in Petaling Jaya, Malaysia.
Pacquiao lost fairly
CONTRARY to the universal howl
of Filipinos all over the world, I dont
think Manny Pacquiao was cheated out
of a victory against Timothy Bradley.
Granted that I myself saw Pacquiao win
the bout, my position is that the judges
saw him lose and judged the bout fairly
as such.
This will probably earn me dozens
of hate mail again, but I do believe
Pacquiao lost fairly because of the
limitation of the 10-point must system.
But how can Pacquiao land more
punches over the course of the whole
ght, land stronger punches, and land
the higher percentage of punches and
still lose? Well, thats because of the
limitation of the 10-point must system,
which is universally adopted in boxing
and MMA matches.
Under the 10-point must system, the
judges give the winner of a round 10
points, and the loser 9 points or fewer.
A knockdown usually results in a score
of 8 for the boxer, who was knocked
down, and 10 for his opponent.
So during the course of the bout, even
though Pacquiao won the middle rounds
so dominantly, he still only got 10 points
per round while Bradley got 9 because
Bradley didnt get knocked down.
And when Bradley won the
latter rounds (even though not as
convincingly), he still also got 10
points while Pacquiao also got 9 points.
When they tallied up the scores and
Bradley won more rounds he was
rightly declared the winner based on the
10-point must system.
REUEL VIDAL
SPORTS CENTER
THE Table Tennis Association of the
Philippines conducted a three-day
clinic to 150 children in Marinduque
recently as part of its efforts to promote
table tennis across the country.
TATAP President Ting Ledesma and
Marinduque Vice Governor Tonton
Uy, MD, presided the free clinic.
I would love to support the
sports development program in the
grassroots level and give the children
an opportunity to excel in table
tennis, possibly get scholarships from
various universities in Manila and
then give glory to Marinduque and the
Philippines someday, said Uy.
Besides the free clinic, TATAP also
held a mini tournament in Sta. Cruz
town and gave away free racquet
woods and rubbers to participants.
Its the plan of TATAP to
conduct regular table tennis clinic
and tournaments everywhere in the
Philippines to sustain the program. We
are very happy that most government
leaders are helping us implement our
programs, Ledesma said.
The winners in the beginners class
were Niel Edrei (champ), Edrian Frias
(1st runner-up), Jeriel Ricamara (2nd
runner-up) and Benedict Privado (3rd
runner-up); Elementary champion
Gia Recto, Aldrin Baligwas (1st
runner-up), Hanzel Ordillano (2nd
runner-up) and Jeric Pascual (3rd
runner up).
Other winners were rubber
champion Michael Sosa, John
Marinduque hosts free
3-day table tennis clinics
SANS any fanfare, the Philippine Tennis
Academy has been working quietly
behind the scenes with the primary
objective of selecting young tennis
talents to enable them to reach the Top
10 in the International Tennis Federation
junior rankings.
Organized last year by a group of
long-time tennis lovers and patrons, led
by sportsman-businessman Jean Henri
Lhuillier, Oscar Hilado, Rommie Chan
and Hanky Lee, the group formally got
together August 2011 and formed the
PTA with the aim of not only identifying
and training talents, but providing the
opportunity to under-privileged boys and
girls in the countryside to use their skills
and help them out of poverty as well.
Seeing the chance to help, former
national tennis players Felix Barrientos
and Raymond Suarez are also pitching
in to share their international tennis
experience with the young PTA talents.
The rst group of trainees, composed
of Roxanne Resma from Cagayan de Oro,
Anthony Craig Pantino from Cebu, Khim
Iglupas from Iligan City and Tami Nguyen
from Alabang, Muntinlupa, was formed
last year and within a short time, these
young tennis hopefuls have already shown
what they can be in the future.
Resma is ranked no. 1 in the 16-and-
under and has represented the country
in the Junior Federation Cup in Australia.
Pantino at 11, is already dominating the
14-and-under group and plays already
in the 16-and-under, while Nguyen was
a seminalist in the PCA Open and has
won a scholarship to the University
of San Diego. Iglupas is currently the
countrys best in the 14-and-under girls.
Individually, we have been
sponsoring players in the past and we
felt it was time to pool our resources
together with Nino Alcantara as our rst
project. We believe Filipinos are talented
tennis players especially at their younger
ages, but when they get older, nawawala
na competitiveness. That is why we will
start them young and look for college
scholarships for them in America, said
Chan, who tapped Andy Maglipon as
project director.
Among the colleges are Fresno State
University and Sta. Clara University
both in California.
To keep the identication program
going, the PTA has already created
satellite centers to serve as sources of
fresh talents with four satellite centers
in Davao, Cagayan de Oro, La Carlota,
and Bais, already on the line with Subic,
Cebu and Palawan in the pipeline.
Philippine tennis gets shot in the arm
Tri United
2 slated in
Batangas
A FULL weekend of triathlon
action and fun will resume at
scenic Playa Laiya in San Juan,
Batangas when the Tri United
2 event is held on June 30 and
July 1.
Organized by Bike King,
headed by Raul Cuevas, in
cooperation with Triathlon
Association of the Philippines,
this second of three triathlon
events will sport two distances that
seasoned triathletes can choose
fromthe sprint distance of 1Km
swim-30 Km bike-7 Km run and
the long course of 2Km swim-60
Km bike-15 Km. The long-course
race categories include the Elite
Male and Female Open, Team
Competition, Relay and Male and
Female age-groups. The sprint
distance race covers another set of
Male and Female age-groups.
At stake in the event sponsored
by Unilab Active Health, Batangas
Gov. Vilma Santos-Recto, Alaxan
FR, Playa Laiya, Enervon HP,
Hydrite, I-ON Energy Drink,
Landco, Bike King, Pocari Sweat,
Timez, Crystal Clear, Orbea,
Explore Bohol, Corima, Runners
World, Mens Health, Womens
Health, PLDT SME Nation,
Aboitiz Power, Weekend Warrior
and SwimBikeRun.ph are cash
prizes worth P10,000, P7,000
and P5,000 for the Top 3 Elite
Male and Top 3 Elite Female
winners, as well as gift items and
medals for age-group category
winners. Also up for grabs are
points for the Top 20 male, Top
20 female age-group and Top 20
team category nishers covering
the entire trilogy.
BASKETBALL once again
becomes the hot topic when
members of the Philippine
Sportswriters Association
face ofcials of the San
Miguel Beermen, who will
gun for the championship of
the Asean Basketball League
when the PSA Forum is held
today at the Shakeys, UN
Avenue branch.
PSA President and Tempo
sports editor Rey Bancod
said SMB coach Bobby
Parks will lead the SMB
entourage composed of
players Christopher Clark
Banchero, Leonidez Avenido,
June Mar Fajardo and other
members of the management
staff, including team manager
Rico Meneses and consultant
Rajko Toroman.
The Beermen defeated the
Westports Malaysia Dragons
in three games of their ABL
seminal playoffs and will
face the Indonesia Warriors
in a best-of-three nals
starting Saturday
Parks may possibly bare
his thoughts with former
national coach Nat Canson,
who will share his experience
in the Indonesian basketball
league, where he is coaching
the Astria Muda, which is fast
making waves in their front.
PSA Forum tackles
Beermen, Warriors
Manalo...
From A8
So in other words, even though
Pacquiao landed more punches, landed
the harder punches, was the more
accurate puncher over the course of the
entire ght and Bradley was obviously
more hurt, Bradley still won because he
won more rounds.
During the breaks in between the
latter rounds, you could hear the sense
of urgency from Buboy Fernandez as he
exhorted Pacquiao to keep the pressure
and keep attacking Bradley because the
ght was still up for grabs.
I dont know whether Pacquiao was
too tired. Or whether he felt he had
already won the ght because of his work
in the earlier rounds (like in the Shane
Mosley, and Antonio Margarito ghts),
but Pacquiao simply didnt do enough
in the latter rounds to win the ght. He
simply let the victory slip away.
Bradley dug deep and found the
resolve to continue ghting and
somehow won the last three rounds and
the ght.
Its like the electoral college in US
Presidential elections. The winner
of the popular vote does not win the
election. The winner of the electoral
college wins the election.
* * *
However, the most signicant
development of Tim Bradleys victory
over Pacquiao is that it instantly
gave Bradley credibility as a worthy
opponent of Pacquiao and ensured
that their rematch will be bigger than
their rst meeting, which ended in
controversy.
Even though he was unbeatean,
Bradley was actually a 5-1 underdog
in their bout when he ended Pacquiaos
15-ght winning streak that dated back
to 2005.
The controversial result sets the stage
for a lucrative November rematch.
And in a not unexpected development
there didnt seem to be bad blood
between the two ghters. In fact,
Bradley was quick to say that he
welcomed the chance to meet Pacquiao
in the ring again.
Ive got to give him a chance to
win his title back, Bradley said in a
published report. Pacquiaos response
was that he was also eager for that
rematch.
So, even though Pacquiao lost this
bout, he potentially has the chance to
win the next bout, which because of
Bradleys victory has become bigger,
more lucrative and signicantly more
important than their rst ght.
* * *
If you want to nd out how I sound
like please tune in to the two-time KBP
Best Sports Program on the radio, MBC
Sports Center, in our new time slot 1
to 2 p.m., every Sunday, over the no.
1 radio network in Asia, dzRH, 666 on
your AM dial.
The same program is simulcast on
RHTV over Channel 25 on Sun Cable
and Channel 9 on Cable Link. Sports
Center can be followed live from
anywhere in the world through the
Internet on http://dzrh.tripod.com and
http://dzrh.prepys.com.
For comments, questions and non-
violent reactions please, send your
e-mail to reuelvidal@ymail.com.
the misfortune that struck London Games-
bound Brian Rosario, whose shotgun broke
down in the skeet competition.
Col. Nil Gamboa, secretary general of the
Philippine National Shooting Association,
said Rosario was doing well before the lip
spring on his trigger snapped.
Good thing it happened now, but I
already xed it, said Rosario.
Aside from Angs gold medal, the
countrys shooters also won two silver and
three bronze medalsa performance that
elated shooting president Mikee Romero
of Harbour Centre.
Im happy that the PNSA shooting
programs are now developing new shooters,
increasing and honing their skills and
producing medals for the country, I am very
proud of these shooters, said Romero, who
likewise brought in a new rie coach in
Spanish Miguel Tajuelo.
We are now on the right path, but
we have to have more events here and
abroad for our shooters, said Romero,
who is optimistic that with the arrival of
the Spanish coach and the upgrading of
the shooting ranges more shooters will be
encouraged to train religiously.
Rober Manlisis (1st runner-up),
Kenrich Manlisis (2nd runner-up)
and Nolan Manlisis (3rd runner up);
Liha champion Louie Pineda, Kim
Villaruel (1st runner-up) and Mark
Ian Malabana (2nd runner-up).
Proponents of the three-day table tennis clinic in Marinduque are shown here.
They are (from left) Vice Governor Dr. Tonton Uy; Chairman of Sta. Cruz Club
Tom Almonte; Tatap president Ting Ledesma; Odie Cruz; Jason James Uy; Randy
Lavendia; Capt. Axel Casareo, Tatap National Capital Region president; Lauro
Crisostomo, national team coach; Mario Breiva, Floyd Lobaton national team
coach; Jummel Nico Cruz and Nik de Vera.
Ang
Go of H3 Motorsports. But the 19-year-old Arvin Jay Millet of
TEMZ, though booted out early in the second round, still went
home with the overall Yokohama Expert championship trophy. He
ended his campaign with 32 points over Ace San Agustin of H3
Motorsports and Jeremie Cabreros, who share second place with
16 points apiece.
His brother Jannery Millet ruled the HKS Sportsman class
against Christian Soriano of High Rev and Boy Francisco of Team
Ready to clinch the overall runner-up crown with 18 points behind
overall HKS Sportsman champion Angelo Miguel Mendoza of R.
Performance who tallied 22 points.
The championship leg of the 2012 Philippine Drag Racing
Championships Northern Series is set June 23 at the Clark
International Speedway.
For further details, log on to www.batangasracingcircuit.
com or contact the Batangas Racing Circuit, c/o Nelson
Gayola or Rodini Rivera at (632) 817-2241, 729-5365 and
fax 844-7766, or like us on Facebook, www.facebook.com/
Batangas Racing Circuit.
Rain halts French nale
PARISOfcials stepped in and halted
play at Sundays waterlogged French
Open nal with Rafal Nadal, in search
of his record seventh Roland Garros title,
clinging to a 6-4, 6-2, 2-6, 1-2 lead.
If the weather cooperates, the nal act
will be Monday, with Novak Djokovic
serving the same tennis balls that Nadal
was complaining were too saturated in
the minutes before play was halted.
One of these men will make history, but
regardless, this nal already has: It will
be the rst French Open not to end on
Sunday since 1973, when Ilie Nastase
wrapped up his title on a Tuesday. AP
A8
Manalo is king of drag-racing
ROS ARI ODe f e n d i n g
champion Martin Manalo of
RSL Motorsports outlasted
multi-titled Jonathan Tiu of
JCT-Blanche Racing in their
crucial faceoff to emerge
the overall champion of the
2012 Philippine Drag Racing
Championships Southern
Series that culminated recently
at the Batangas Racing Circuit
Drag Strip.
Manalo ruled the last two
duels in the best-of-three
showdown against Tiu to
capture the premier M&H Pro
crown of this event sanctioned
by the Automobile Association
Philippines and sponsored by
GT Radial, HKS Motor Oil,
M&H Race Master, Yokohama
and powered by Racing Beat@
Wave 89.1.
Tiu prevailed in their rst
encounter, clocking a fast
11.596 seconds, but Manalo
bounced back with a time of
12.419 seconds to even up the
series and forge the deciding
showdown.
Unfortunately, Tiu pushed
his car beyond his dial slip
time, resulting in a breakout
violation that handed Manalo
the outright win, sealing the
plum with a total of 55 points
against Tius 45.
But Tiu went on to sweep the
Quick 8 crown after clinching
his fourth straight triumph
against Jefferson Cruz of
Linkage, who ousted Manalo
Sports
Manila Standard TODAY
sports@manilastandardtoday.com sports_mstandard@yahoo.com Riera U. Mallari, Editor
LOTTO RESULTS
6/55 000000000000
6/45 000000000000
4 DIGITS 00000000
3 DIGITS 000000
2 EZ2 0000
P0.0M+
P0.0M+
DLEAGUE RESULT
By Ronnie Nathanielsz
TOP Rank promoter Bob Arum has
elevated his case to Nevada State
Atty. General Catherine Cortez
Masto, asking her to investigate the
judges decision in a World Boxing
Organization welterweight title ght
won by Timothy Bradley and lost by
Filipino ring icon Manny Pacquiao.
The result of the boxing match
a hugely controversial split
decision -- resulted in international
umbrage and public demands for an
investigation. Judges CJ Ross and
Duane Ford scored the ght 115-113
for Bradley, while the third judge
Jerry Roth had Pacquiao the winner
by the same 115-113 margin.
The crowd at the MGM Grand
on Saturday booed the decision.
Arum told the Manila Standard
that hes asked the Attorney
General to start an investigation of
the entire situation.
This is because going to the
Nevada State Athletic Commission,
which appointed the judges and
referee for the ght and to ask
them to do anything, is a hopeless
and complete waste of time, said
Arum. Atty. General Masto is a
very able person and people respect
her and shell investigate and nd
SUDDEN death, ve
sets, two-point win.
This is what denes a
team and what makes
victories sweeter.
And Ateneo wants to
relish the moment.
Sure, the Lady Eagles
also needed ve sets to
beat the Adamson Lady
Falcons in the second
game to complete a
sweep of their best-
of-three series in
last years Shakeys
V-League nals.
But this one, they
humbled a team so
rich in championship
experience and so
determined to mark its
return to the big league
from a two-year hiatus
with no less than a title
romp.
But Ateneo was
equally resolute.
Although the Lady
Eagles appeared to have
faltered after storming
to a 2-0 set lead in
their winner-take-all
match, they endured
the pressure, bucked
a three-point decit in
the early going of the
decider, then withstood
USTs ery comeback
to prevail.
They showed
maturity in this game,
said Ateneo coach Roger
Gorayeb in Filipino
moments after his wards
held off the Tigresses for
the title-clinching 25-19,
25-14, 17-25, 20-25, 15-
13, victory before a big
crowd at The Arena last
Sunday.
They follow instruc-
tions and are not difcult
to deal with, said Gor-
ayeb. When UST made a
rally, they were not rattled
and stayed composed and
focused.
The Lady Eagles
actually turned erratic
in the third and fourth
sets that enabled the
Tigresses to come back
and send the match into
a decider. But Gorayeb
kept on pointing out
their aws in reception
and the Lady Eagles
responded to save their
lead, the match and the
crown.
Maturity key to Ateneos win
Knights
in fine
shape
By Peter Atencio
COACH Louie Alas is optimistic
that the Letran Knights will
be in better shape when the
88th season of the National
Collegiate Athletic Association
mens basketball tournament
starts two weeks from now.
Plagued by injuries and the
unavailability of key players
during the summer, the Knights
are gearing for action against
the San Sebastian Stags in their
opening encounter on June 23
at the Araneta Coliseum.
Sana, wala na ito
pagkatapos ng mga pre-season
(tournaments) namin. We got
three weeks to get over the
injuries and get the teams
chemistry going well, said
Alas, mentor of the host team.
The Jose Rizal Heavy
Bombers will meet Mapua in
the second game at 6 p.m.
The Knights, who made it
back to the Final Four last season
after placing fth two years ago,
hope to see action with point
guard Kevin Alas back as one of
the leagues shooting aces.
The young Alas, the fourth
leading scorer last year with
a 17.2-point average, was not
around much during the summer
due to a midfoot sprain. He
missed the teams pre-season
games, together with Junjun
Alas (sprain) and Jonathan
Belorio (left shoulder injury).
Raymond Almazan, who
had to attend to family matters
last season, is also expected to
report for duty by the time the
Knights take on the Stags.
The Knights mentor is also
eyeing 510 rookie Mcjour Luib,
a former member of the Letran
Squires. Luib, who averaged
14.1 points, 6.7 rebounds and 5.2
assists for the Squires last year,
is one of the rookies in the team,
alongside 59 Japeth Almario
and Edward Olotu.
out if anything was improper.
The NSAC has already said they
are not going to challenge their own
judges, despite the world-wide
public outcry from promoters,
former world champions,
journalists and TV commentators,
showbiz personalities, NBA
superstars and ordinary ght fans.
Arum blasted the NSAC,
blaming them for contributing
to the downfall of boxing by
their attitude, by their arrogance.
But thats okay, well go to the
Attorney General and see what
comes up.
He said that every organization,
which puts its belt on the line and
every promoter, who stages a title
ght, should be given the right to
at least give their inputs on the ring
ofcials picked to handle a ght.
But they (the NSAC) give us
none, he lamented.
If Manny wants a rematch,
then thats what well do. We have
the right to affect a rematch. Its
going to his call, said Arum.
However, he made it clear that
while Pacquiao will be the draw,
you have to compensate for the
extra money that Bradley will
get. In others words, Manny will
get far more money than Bradley,
but hell have to absorb the extra
money we pay Bradley.
Arum also refused to concede
that Pacquiao made the mistake of
easing up in the last three rounds.
I didnt see him easing up. I saw
him winning certainly two out of
the three rounds. I mean in the 12th
round, the other guy (Bradley) didnt
throw a punch, said Arum.
Meantime, showing its own
disgust over the decision in
the ght, an Irish betting site is
refunding bettors, who put money
on Pacquiao to win, calling this a
justice payout.
Paddy Power, regarded as
Irelands largest telephone betting
service, issued a statement on its
blog on Sunday in which it said
it was a result that stunned the
world even by modest professional
boxing standards. Last night in
Las Vegas, the brilliant Filipino
Manny Pacquiao lost his WBO
welterweight belt to Timothy
Bradley n a controversial split-
decision defeat.
With that, Paddy Power has
rolled out on of our famous Justice
Payouts. If you had placed a bet
on Manny to win in a pre-ght
outright or on points, that Manny
is now back in your account.
Meanwhile, ABS-CBNs
Las Vegas correspondent Bev
Llorente reported that Bradley
was discharged from the UMC
Hospital at 5 a.m. on Sunday,
and is now resting at his home in
Palm Springs California. Llorente
said both ankles of Bradley are
wrapped and he wont be able to
jog or train for eight weeks.
Lifter Diaz
earns slot
in London
WEIGHTLIFTER Hidilyn
Diaz has made the grade again
and will see action in the 2012
London Olympics next month.
The 21-year old Diaz, who
was wild-card entry in the 2008
Beijing Games, was ofcially
conrmed by the International
Weightlifting Federation for
her strong showing this year.
The qualication summary
of the IWF showed that Diaz
was among the nine lifters
given individual slots.
Her lift of 217kg was
fourth-best in her 58kg
division weight class during
the Asian Championships in
Korea in April. But this did
not automatically earn her an
Olympic slot.
The IWF needed to compare
her performance with lifters
from other countries and this
meant a long wait for the results
of other qualifying tournaments.
The Zamboanga native,
who nished 10th out of 11
competitors in the 2008 Beijing
Games, is now ranked ninth in
the world.
The other Filipinos, who will
participate in the Olympics this
year are boxer Mark Anthony
Barriga, judoka Tomohiko
Hoshina, shooter Brian Rosario,
long jumper Marestella Torres,
steeplechaser Rene Herrera,
swimmers Jasmine Alkhaldi and
Jessie Khing Lacuna and BMX
rider Daniel Caluag.
Supporting the London-
bound Filipino athletes are
International Container Terminal
Services Inc., Bank of Philippine
Islands, Mizuno, Samsonite and
Philracom. Peter Atencio
THE NLEX Road Warriors
moved on the threshold of a title
repeat and perfect record.
The defending champions
streaked to their 12th consecutive
victory with an 86-71 blowout
of Big Chill in the
opener of their
Philippine Basketball
Association D-League
Foundation Cup titular
series on Monday at
the Ynares Sports Arena.
Calvin Abueva came off the
bench and scored 16 points to show
the way the for the Road Warriors,
who can clinch their third straight
championship and become the
rst team in the edgling league to
nish a conference without a loss
on Thursday.
Game 2 of the best of three
series is set at 2 p.m. at the San
Juan Arena.
Our defense was spectacular.
The guys executed our game plan
to the letter. But we have not ac-
complished anything yet. We still
have to win one more
game, said NLEX
coach Boyet Fernan-
dez, adding he expects
Big Chill to come back
strong in Game 2.
What many thought would be
an interesting match-up, turned out
to be a mismatch, with the Road
Warriors dominating the game in
practically all departments.
The Raid Warriors opened a
25-8 advantage after one quarter
and shot 48 percent in the rst
half to stretch the lead to 44-28
at halftime.
Road Warriors near
3
rd
straight cage title
Jonathan Tiu (left, no. 56) and defending champion Martin Manalo
(right, no. 76) were almost even in the deciding duel. But Tiu
succumbed to a breakout violation, thus handing Manalo (inset)
the 2012 Philippine Drag Racing Championships Southern Series
overall crown.
NLEX 86
Big Chill 71
Game on Thursday
(San Juan Arena)
2 p.m. Big Chill
vs NLEX
Turn to A7
to get into the nals.
Tiu zoomed to a fast 11.442
seconds to pull ahead early from
Cruz, who timed 12.334 seconds.
Manalo took the second runner-
up honors after beating teammate
Wilson Castillo in the battle for
third place.
Tiu wrapped up the title
with a perfect 60-point total,
while Manalo took the Quick8
overall runner-up with 21
points, with Jefferson Cruz
ending third overall with 12
points.
Sherwin Berania of Team
Batangas won the Yokohama
Expert class for the day after
submitting a time of 13.846
seconds to turn back Jackson
Arum elevates case to
Nevada Atty. General
Members of the Ateneo Lady Eagles, headed by
coach Roger Gorayeb (back row, third from left)
show their trophy and medals.
Manny Pacquiao makes the
sign of the cross after his
bout with American Timothy
Bradley. AP
Business
B1
Ray S. Eano, Editor mst_biz@manilastandardtoday.com
Roderick T. dela Cruz, Assistant Editor extrastory2000@gmail.com
IN BRIEF
PSE COMPOSITE INDEX
Closing June 11, 2012
5,075.85
81.78
OIL
PRICES
TODAY
P780-P895.00
LPG/11-kg tank
P54.55-P61.02
Unleaded Gasoline
P46.10-P49.90
Diesel
P52.34-P57.85
Kerosene
P38.50-P39.20
Auto LPG
FOREI GN EXCHANGE RATE
Currency Unit US Dollar Peso
United States Dollar 1.000000 43.2370
Japan Yen 0.012598 0.5447
UK Pound 1.546100 66.8487
Hong Kong Dollar 0.128911 5.5737
Switzerland Franc 1.041016 45.0104
Canada Dollar 0.973047 4.6274
Singapore Dollar 0.779727 33.7131
Australia Dollar 0.985902 42.6274
Bahrain Dinar 2.652661 114.6931
Saudi Arabia Rial 0.266645 11.5289
Brunei Dollar 0.776699 33.5821
Indonesia Rupiah 0.000107 0.0046
Thailand Baht 0.031596 1.3661
UAE Dirham 0.272264 11.7719
Euro Euro 1.250100 54.0506
Korea Won 0.000852 0.0368
China Yuan 0.156974 6.7871
India Rupee 0.018028 0.7795
Malaysia Ringgit 0.314169 13.5837
NewZealand Dollar 0.766107 33.1242
Taiwan Dollar 0.033374 1.4430
Source: PDS Bridge
Bangko Sentral ng Pilipinas
Monday, June 11, 2012
PESO-DOLLAR RATE
40
42
44
46
48
P42.920
CLOSE
Closing June 11, 2012
5200
4460
3720
2980
2240
1500
1200
VOLUME 976.700M
HIGH P42.900 LOW P43.120 AVERAGE P43.004
Spains rescue plan
to buy Europe time
Peso, stocks surge
on Europe bailout
Total,
Nido eye
joint oil
venture
Zest Airways sees revenues increasing 35%
Economic managers hold no-deal roadshow in 4 US cities
Security Bank
award. Security Bank
Corp. receives the silver
award as one of the
top-scoring publicly-
listed companies based
on the 2011 Corporate
Governance Scorecard
of the Institute of
Corporate Directors.
The scorecard, a
joint project of the
ICD and the Center
for International
Private Enterprise
in Washington D.C.,
recognizes companies
that promote good
corporate governance
practices. At the
awarding ceremony
at Peninsula Manila
Hotel are (from left)
ICD chairman Jesus
Estanislao, Security
Bank president and
chief executive Alberto
Villarosa, Securities and
Exchange Commission
chairman Teresita
Herbosa and Philippine
Stock Exchange
president and chief
executive Hans Sicat.
By Lailany P. Gomez
ZEST Airways Inc. said Monday it expects
revenues to rise 35 percent this year,
with the launching of more international
ights amid increased demand from local
and foreign travelers.
Zest Airs chief marketing and sales
ofcer Alfredo Herrera said in a brieng
the budget carrier would start ying to
Incheon, South Korea on June 28 and to
Shanghai, China on July 25. Both ights
are offered at special introductory price.
Herrera said Zest Air would take
advantage of the estimated 700,000
incoming Korean tourists that are expected
to double by 2013.
We have denitely observed and
acknowledged the demand for easier,
more convenient and more affordable air
travel to and from Korea, he said.
The Manila-Incheon ight is being
offered at an introductory base fare of
P2,999. Zest Air now has over 25 weekly
ights between the Philippines and Korea.
We have added more schedules to
Incheon and Pusan from Kalibo, Cebu
and now Manila. This is in response to
the burgeoning tourism market in our
various popular provincial destinations
such as Boracay. We want to capture
and service the market directly, Herrera
said.
The budget airline would also provide
ve-times weekly direct ights to
Shanghai, China at an introductory base
fare of P1,488.
Zest Air is the only Philippine carrier
with a direct ight to Jinjiang City in
Fujian, China as well as ights to other
Chinese destinations such as Beijing from
Kalibo and Cebu.
Being a global center of growth, China
is an important overseas destination for us
to provide at Zest Air. Filipinos can now
explore such a historically signicant and
economically important global city as
Shanghai, and at the same time, Manila
can also now welcome more international
tourists from such burgeoning foreign
growth centers, Herrera said.
By Alena Mae S. Flores
TOTAL of France is looking at
the possibility of teaming up with
Nido Petroleum Ltd. of Australia
in oil and gas exploration in the
Philippines, a source privy to the
negotiations said Monday.
Total is also conducting due
diligence on Nidos existing oil
and gas portfolio, the source said.
Nido Petroleum Philippines
Pty. Ltd., a unit of Nido Petroleum
Ltd., is teaming up with Total
over exploration opportunities
offered by the government in its
latest bidding round.
The consortium was supposed
to submit a bid but it was not
able to get the approval in time
for the bidding [last April], the
source said.
The two parties earlier
executed a joint study and
bid agreement to evaluate
exploration acreage released in
the so-called Philippine Energy
Contracting Round 4.
Nido earlier said it would
do technical and commercial
evaluations of all 15 blocks
offered in the government auction
on behalf of partner Total.
PECR4 is a competitive
bidding round over several
exploration blocks conducted
between April and July. The
awarding of blocks to the
successful bidder is expected in
the second half of 2012.
Nido and Total will denitely
look at and most probably
participate in the bidding of
areas 3, 4 and 5 this end-July,
the source said.
Areas 3, 4 and 5 are located in
northwest Palawan, considered as
one of the most prolic oil and gas
areas in the country and is home
to the Malampaya eld in the
Philippines, the largest and most
successful natural gas industrial
project in the Philippines.
Total is one of the largest oil
and gas companies in the world.
Its upstream business includes
oil and natural gas exploration,
development and production,
as well as coal, gas and power
activities.
Totals exploration and
production activities are found
in over 40 countries with
production in 30 of them. Its
main production regions are the
North Sea, Africa and the Middle
East, followed by Southeast Asia
and North and South America.
Nido, meanwhile, aims to
unlock the estimated combined
resource potential of 2.9 billion
barrels in its Philippine oil and
gas portfolio.
WASHINGTONA $125-
billion plan to rescue Spains
banks wont solve Europes
debt crisis or ease the pain of
double-digit unemployment
across the continent.
But it is likely to calm
nancial markets and buy time
for European policymakers
to work with other weak
economies threatening the
stability of the 17 countries that
use the euro.
Europe still has plenty of
troubles to address in the three
other countries that have already
received nancial helpGreece,
Portugal and Ireland. In Greece,
voters could elect a government
next week that will refuse to live
up to the terms of the countrys
$170-billion rescue package.
Portugal is combating a toxic
combination of high debt and
15-percent unemployment.
Ireland is cleaning up a banking
mess a lot like Spains. Then
theres Italy, the eurozones
third-largest economy, where
government debt is piling up as
the economy stagnates.
We still have some pretty
fundamental problems to solve,
says Nicolas Veron, senior
fellow at the Bruegel think tank
in Brusssels. We need more
radical solutions than this one.
Spain on Saturday asked
nance ministers for the 17
countries that use the euro for
money to rescue its banks, which
have been crushed under the
weight of bad real estate loans.
The nance ministers responded
by offering up to $125 billion in
loans that the Spanish government
could funnel to banks.
The plan eases an immediate
crisis in the euros fourth-
largest economy. The
deterioration of Spains
banks and the pressing need
for a rescue was threatening
to bankrupt its government.
That would likely cause far
more pain for Europe than the
financial messes in Greece,
Portugal and Ireland. AP
By Bernadette Lunas
PHILIPPINE economic leaders
will hold a no-deal roadshow
from June 11 to 15 in four cities
of the US in a bid to win upgrades
from credit rating agencies
and report the countrys recent
economic gains.
Finance Secretary Cesar
Purisima and Trade Secretary
Gregory Domingo will
meet with banks, credit
rating agencies and investor
groups to appraise them of
the Philippines fiscal and
macroeconomic situation.
Other delegates include
National Treasurer Roberto Tan,
Bangko Sentral ng Pilipinas
assistant governor Cyd-Tuao
Amador and executive director
Claro Fernandez of the central
banks investor relations ofce.
The ve-day roadshow will
cover New York, Boston, San
Francisco and Los Angeles.
We will share the positive
news that Philippines scal and
macroeconomic fundamentals
continue to improve despite
continued volatilities in the
global economy, Purisima said.
The Phlippines registered a
better-than-expected 6.4-percent
growth in the rst quarter of the
year.
Economic managers are
expected to report about the
higher revenues in the rst four
months, a lower budget decit
budget of P2.9 billion from
January to April compared with
the P279.1-billion program and
the 5.4-percent growth in dollar
remittances.
Purisima said he would
meet with credit rating agency
ofcials in New York as part of a
continuing dialogue.
By Elaine R. Alanguilan
THE peso and the stock market surged
Monday, as investors cheered the $125-
billion bailout package for Spanish banks
designed to prevent the spread of the
European debt crisis.
The peso breached the 42-
per-dollar mark for the rst
time in three weeks, closing at
42.92 against the greenback on
Monday, up by 0.8 percent from
43.27 Friday. This was the local
currencys strongest nish since
May 15 when it closed at 42.66
to the dollar.
Stocks also climbed, in line
with the rebound of regional
markets amid reduced risk
aversion, prompted by the
announcement of rescue package
for problematic Spanish banks.
The Philippine Stock
Exchange index, the 30-company
benchmark, climbed 81 points, or
1.6 percent to close at 5,075.85,
its highest level this month. (See
stor y on B2.)
Bangko Sentral Governor Diwa
Guinigundo said the nancial
markets had digested recent
nancial market developments
and realized that macro-
fundamentals remained strong
and sound.
We have seen a resumption of
capital inows complementing
the resilient current account
transactions. We expect this to
continue unless the events in euro
and US turn for the worse and
deleveraging forces the money
out of the emerging markets
anew, said Guinigundo.
Jonathan Ravelas, market
strategist for BDO Unibank Inc.,
said easing concerns in the euro
zone helped lift the euro and other
currencies against the dollar.
The bailout for Spanish
banks helped lower risk aversion
worries causing global investors
to sell the US dollar causing the
euro to rally and the USD/PhP to
break below 43 levels. I expect
the peso to range between 42.80
and 43 to the dollar in the week
ahead, said Ravelas.
Ravelas also predicted the
peso would appreciate to 41.70
by year-end.
Philippine Savings Bank
president Pascual Garcia said the
exchange rate was normalizing
after the initial reactions to the
euro debt crisis.
It should play around this
level unless some stress from the
Greece/Europe situation comes
in. Country fundamentals are
good so the currency should
remain stable, said Garcia.
Philippine Exporters
Confederation president Sergio
Ortiz-Luis said most exporters
would still manage to compete
in the international market,
provided the peso would not rise
stronger than 42.50 to the dollar.
Basically, exporters and majority
of our people trading in dollars dont
want to see the peso strengthen too
much. We were hoping it would stay
at 43 which is where it was when
most of the contracts for orders were
made, said Ortiz-Luis.
With Bernadette Lunas
Investments up 72.4%
NET inows of foreign direct investments rose
72.4 percent year-on-year in the rst quarter,
on positive investor sentiment due to the more
favorable macroeconomic outlook.
Data from the Bangko Sentral showed
cumulative FDI inows in the three-month
period hit $850 million, up from $493 million
a year ago.
The growth in FDI reected positive investor
sentiment owing to the countrys favorable
macroeconomic fundamentals despite concerns
over the deepening sovereign debt crisis in some
parts of the euro zone area, Bangko Sentral
Governor Amando Tetangco Jr. said.
Gross equity capital placements jumped to
$1 billion in the rst quarter from $176 million
a year earlier.
We have the pull factor of strong
macroeconomic fundamentals and very few
would argue against that especially in the light
of continued search for yields and safe haven.
I believe we have a very good combination of
monetary, foreign exchange and scal policies
at present, said Bangko Sentral Deputy
Governor Diwa Guinigundo.
Elaine Ramos Alanguilan
Transco asset sale OKd
THE Energy Regulatory Commission has
approved the sale of National Transmission
Corp.s subtransmission assets to Manila
Electric Co. for P84.9 million.
The application for approval of the sale
of various subtransmission assets of TransCo
within the franchise area of Meralco, as covered
by a contract to sell, led by TransCo and
Meralco is hereby approved, the ERC said.
These subtransmission assets include the
Makban-Los Banos 69 kilovolt line, Makban-
Calamba 69 kV line, Calamba-CSE 13.8 kV
line, Makban-Los Banos 69 kV line, Los Banos-
Boys Scouts of the Philippines 13.8 kV line,
Los Banos-International Rice Research Institute
line, Calamba substation equipment, Makban
substation termination equipment, Calamba 13.8
kV and CND-3 way disconnect switch.
Transco is mandated under the Electric
Power Industry Reform Act to sell its
subtransmission assets, or those with capacity
of 69 kV or below, to qualied distribution
utilities and electric cooperatives.
The ERC said Meralco had established its
qualication and capabilities to acquire the
subtransmission assets. Alena Mae S. Flores
Business
ManilaStandardToday
extrastory2000@gmail.com; mst_biz@manilastandardtoday.com
B2
My almost perfect desktop
Market rises sharply;
SMIC, Nickel Asia up
52 Weeks Previous % Net Foreign (Peso)
High Low STOCKS Close High Low Close Change Volume Trade/Buying
MST BUSINESS DAILY STOCKS REVIEW
MONDAY, JUNE 11, 2012
M
S
T
FINANCIAL
70.00 46.00 Banco de Oro Unibank Inc. 61.20 62.50 61.50 62.40 1.96 829,120 15,901,272.00
76.80 50.00 Bank of PI 68.00 69.00 68.10 68.75 1.10 871,240 7,892,813.50
512.00 370.00 China Bank 555.50 560.00 558.00 560.00 0.81 29,610 100,780.00
23.90 12.50 COL Financial 23.20 23.05 22.30 23.05 (0.65) 26,200
Eastwest Bank 18.86 19.10 18.70 18.70 (0.85) 702,500 (94,500.00)
80.00 40.00 First Metro Inv. 72.00 72.00 72.00 72.00 0.00 910
3.26 1.91 I-Remit Inc. 2.32 2.40 2.27 2.40 3.45 34,000 2,270.00
775.00 475.20 Manulife Fin. Corp. 470.00 470.00 470.00 470.00 0.00 110
29.00 3.00 Maybank ATR KE 38.65 38.75 38.00 38.55 (0.26) 48,200 38,500.00
93.50 60.00 Metrobank 86.40 89.10 87.00 88.05 1.91 3,415,340 58,467,821.50
3.06 1.30 Natl Reinsurance Corp. 1.94 1.95 1.94 1.95 0.52 106,000
16.85 41.00 Phil. National Bank 69.70 71.00 69.00 70.00 0.43 218,130 (1,199,871.00)
85.00 57.70 Phil. Savings Bank 82.00 82.10 82.00 82.00 0.00 60 (4,921.00)
539.00 204.80 PSE Inc. 349.00 350.00 349.00 349.00 0.00 620 76,900.00
44.40 25.45 RCBC À 43.30 43.30 43.20 43.20 (0.23) 2,500.00 21,650.00
151.50 77.00 Security Bank 129.90 133.10 129.90 133.00 2.39 728,730 27,682,483.00
140.00 58.00 Union Bank 100.00 101.00 99.30 100.00 0.00 135,790 6,923,992.00
INDUSTRIAL
35.50 26.50 Aboitiz Power Corp. 33.80 34.00 33.25 33.35 (1.33) 2,700,300 (37,437,825.00)
13.58 7.32 Agrinurture Inc. 11.14 10.50 9.26 9.34 (16.16) 211,000 (46,500.00)
1.86 0.97 Alliance Tuna Intl Inc. 1.39 1.40 1.38 1.38 (0.72) 445,000 (55,950.00)
54.90 26.00 Alphaland Corp. 29.40 28.95 28.90 28.90 (1.70) 700
1.65 1.08 Alsons Cons. 1.30 1.30 1.30 1.30 0.00 310,000
Asiabest Group 23.70 24.75 23.35 23.85 0.63 100,000
138.00 45.00 Bogo Medellin 59.95 60.00 59.95 59.95 0.00 90
102.80 3.02 Bloomberry 8.74 8.75 8.66 8.66 (0.92) 1,992,900 (7,426,235.00)
2.88 2.24 Calapan Venture 2.31 2.32 2.30 2.32 0.43 4,000
3.07 2.30 Chemrez Technologies Inc. 2.48 2.48 2.48 2.48 0.00 80,000
8.33 7.41 Cirtek Holdings (Chips) 9.00 9.20 8.54 9.19 2.11 249,200
7.06 4.83 Energy Devt. Corp. (EDC) 5.82 5.92 5.85 5.87 0.86 12,406,300 (23,863,669.00)
6.28 2.80 EEI 6.00 6.20 6.00 6.13 2.17 537,100 1,570,506.00
3.80 1.00 Euro-Med Lab. 1.84 1.85 1.85 1.85 0.54 6,000
15.58 12.50 First Gen Corp. 16.00 16.40 16.06 16.26 1.63 16,582,200 42,951,858.00
67.20 51.50 First Holdings A 70.90 71.60 70.95 71.15 0.35 379,350 3,239,803.00
31.50 22.50 Ginebra San Miguel Inc. 20.90 20.90 20.80 20.90 0.00 3,000
0.10 0.0095 Greenergy 0.0140 0.0140 0.0130 0.0130 (7.14) 12,000,000
13.50 7.80 Holcim Philippines Inc. 11.40 11.02 11.00 11.02 (3.33) 40,300 (420,964.00)
9.00 4.71 Integ. Micro-Electronics 4.01 4.00 4.00 4.00 (0.25) 12,000 (40,000.00)
2.35 0.95 Ionics Inc 1.660 1.780 1.660 1.660 0.00 1,480,000 121,950.00
120.00 80.00 Jollibee Foods Corp. 108.30 109.00 108.30 108.60 0.28 294,890 (14,743,582.00)
8.40 1.04 LMG Chemicals 1.64 1.67 1.59 1.60 (2.44) 365,000
1.55 0.99 Mabuhay Vinyl Corp. 1.60 1.51 1.43 1.51 (5.63) 604,000
24.70 17.94 Manila Water Co. Inc. 24.70 25.00 24.80 24.90 0.81 3,853,700 3,922,765.00
6.95 0.75 Mariwasa MFG. Inc. 2.80 2.65 2.64 2.65 (5.36) 2,000
15.30 8.12 Megawide 17.60 17.60 17.04 17.28 (1.82) 12,100
295.00 215.00 Mla. Elect. Co À 242.00 251.00 244.00 246.60 1.90 202,410 7,377,522.00
3.00 1.96 Pepsi-Cola Products Phil. 2.75 2.75 2.72 2.75 0.00 1,800,000 2,997,210.00
17.40 9.70 Petron Corporation 10.20 10.32 10.16 10.32 1.18 3,196,000 6,328,438.00
14.00 10.30 Phinma Corporation 10.26 10.50 10.50 10.50 2.34 2,300
15.24 9.01 Phoenix Petroleum Phils. 8.30 8.29 8.20 8.29 (0.12) 8,000
9.50 5.25 Republic Cement À 8.90 8.98 8.86 8.92 0.22 24,600
2.55 1.01 RFM Corporation 2.92 3.04 2.92 3.04 4.11 1,225,000 1,999,250.00
3.49 2.01 Roxas Holdings 2.57 2.58 2.57 2.57 0.00 22,000
33.00 27.70 San Miguel Brewery Inc. 29.00 29.00 29.00 29.00 0.00 1,000
132.60 105.70 San Miguel Corp À 114.00 115.90 114.00 114.40 0.35 1,016,200 81,285,939.00
1.90 1.25 Seacem 1.75 1.78 1.76 1.78 1.71 608,000
0.250 0.112 Swift Foods, Inc. 0.131 0.127 0.127 0.127 (3.05) 150,000
5.46 2.92 Tanduay Holdings 3.89 3.92 3.89 3.92 0.77 2,210,000
3.62 1.99 TKC Steel Corp. 2.12 2.23 2.10 2.14 0.94 350,000
1.41 0.90 Trans-Asia Oil 1.23 1.23 1.22 1.22 (0.81) 434,000
68.00 36.20 Universal Robina 61.50 66.00 62.50 66.00 7.32 3,951,980 119,838,328.00
Victorias Milling 1.63 1.80 1.57 1.70 4.29 21,956,000 4,906,670.00
1.12 0.285 Vitarich Corp. 0.720 0.740 0.730 0.740 2.78 75,000
18.00 2.55 Vivant Corp. 10.20 11.50 11.50 11.50 12.75 200
1.22 0.68 Vulcan Indl. 0.92 0.98 0.90 0.98 6.52 188,000
HOLDING FIRMS
1.18 0.65 Abacus Cons. À 0.69 0.71 0.68 0.70 1.45 437,000
59.90 35.50 Aboitiz Equity 50.00 50.75 49.95 49.95 (0.10) 211,920 1,336,387.50
0.019 0.014 Alcorn Gold Res. 0.0150 0.0150 0.0150 0.0150 0.00 1,000,000
13.48 8.00 Alliance Global Inc. 11.68 11.90 11.68 11.70 0.17 51,018,100 (393,880,198.00)
2.97 1.67 Anglo Holdings A 2.00 2.00 1.98 1.98 (1.00) 33,000
4.60 3.00 Anscor À 4.50 4.70 4.60 4.70 4.44 292,000 1,360,720.00
6.98 0.260 Asia Amalgamated A 4.71 5.59 4.67 5.49 16.56 1,893,000 (113,930.00)
3.15 1.49 ATN Holdings A 1.87 1.87 1.68 1.87 0.00 53,000
437.00 272.00 Ayala Corp À 437.00 444.00 438.00 438.80 0.41 256,900 (42,635,946.00)
59.45 30.50 DMCI Holdings 56.00 55.90 54.95 55.90 (0.18) 1,826,640 7,850,444.00
4.19 1.03 F&J Prince A 2.50 2.50 2.50 2.50 0.00 100,000
5.25 3.30 Filinvest Dev. Corp. 4.00 4.00 3.99 3.99 (0.25) 607,000
GT Capital 481.00 483.00 479.00 483.00 0.42 47,230 (4,275,680.00)
5.22 2.90 House of Inv. 4.34 4.52 4.34 4.52 4.15 9,000
34.80 19.00 JG Summit Holdings 32.50 33.70 32.50 33.40 2.77 1,868,600 13,105,185.00
6.95 4.00 Lopez Holdings Corp. 5.84 5.89 5.81 5.85 0.17 900,300 4,300,750.00
1.54 0.61 Lodestar Invt. Holdg.Corp. 1.08 1.10 1.05 1.06 (1.85) 275,000
0.91 0.300 Mabuhay Holdings À 0.430 0.430 0.420 0.430 0.00 200,000
3.82 1.500 Marcventures Hldgs., Inc. 2.42 2.53 2.46 2.49 2.89 473,000 (162,410.00)
4.45 2.56 Metro Pacic Inv. Corp. 4.10 4.22 4.13 4.19 2.20 6,398,000 (2,679,780.00)
6.24 2.10 Minerales Industrias Corp. 4.65 4.65 4.64 4.64 (0.22) 2,000
4.72 1.22 MJCI Investments Inc. 5.47 5.90 5.00 5.59 2.19 31,800
0.0770 0.054 Pacica À 0.0510 0.0510 0.0500 0.0510 0.00 1,810,000
2.20 1.42 Prime Media Hldg 1.320 1.330 1.330 1.330 0.76 4,000
0.82 0.44 Prime Orion 0.450 0.450 0.440 0.450 0.00 390,000 (126,000.00)
2.40 0.91 Seafront À 1.38 1.64 1.64 1.64 18.84 1,000
0.490 0.285 Sinophil Corp. 0.325 0.325 0.325 0.325 0.00 100,000
699.00 450.00 SM Investments Inc. 685.00 705.00 690.00 700.00 2.19 300,970 126,007,965.00
1.78 1.00 Solid Group Inc. 1.37 0.14 1.38 1.38 0.73 24,000
0.420 0.099 Unioil Res. & Hldgs 0.2200 0.2200 0.2200 0.2200 0.00 20,000
0.620 0.056 Wellex Industries 0.3650 0.3650 0.3550 0.3650 0.00 940,000 (14,600.00)
1.370 0.178 Zeus Holdings 0.530 0.560 0.530 0.550 3.77 7,977,000 688,960.00
P R O P E R T Y
39.00 11.00 Anchor Land Holdings Inc. 40.45 40.00 39.50 39.50 (2.35) 300
0.75 0.31 Araneta Prop À 0.660 0.670 0.660 0.670 1.52 103,000 (2,010.00)
22.40 13.36 Ayala Land `B 20.00 20.95 19.98 20.85 4.25 6,650,100 28,979,023.00
6.12 3.08 Belle Corp. À 4.71 4.78 4.70 4.70 (0.21) 787,000 280,880.00
9.00 2.26 Cebu Holdings 5.90 6.10 5.87 5.90 0.00 353,300 (9,600.00)
5.66 0.26 Century Property 1.47 1.48 1.45 1.48 0.68 273,000 16,170.00
2.85 1.20 City & Land Dev. 2.40 2.48 2.35 2.45 2.08 177,000 (214,250.00)
1.65 1.07 Cityland Dev. À 1.26 1.25 1.15 1.15 (8.73) 100,000
0.127 0.060 Crown Equities Inc. 0.078 0.078 0.078 0.078 0.00 8,000,000
1.16 0.67 Cyber Bay Corp. 0.81 0.81 0.79 0.81 0.00 298,000
0.90 0.54 Empire East Land 0.700 0.730 0.700 0.720 2.86 3,919,000
0.310 0.10 Ever Gotesco 0.170 0.170 0.165 0.170 0.00 180,000
3.06 1.76 Global-Estate 1.75 1.76 1.74 1.76 0.57 1,743,000 (250,640.00)
1.35 0.98 Filinvest Land,Inc. 1.20 1.23 1.20 1.23 2.50 24,232,000 (14,408,530.00)
3.80 1.21 Highlands Prime 1.77 1.77 1.72 1.72 (2.82) 32,000
2.14 0.65 Interport À 1.06 1.15 1.06 1.15 8.49 13,000 (3,190.00)
2.48 1.51 Megaworld Corp. 1.91 1.97 1.94 1.95 2.09 40,277,000 18,658,700.00
0.80 0.215 MRC Allied Ind. 0.1920 0.1900 0.1850 0.1900 (1.04) 3,140,000
0.990 0.072 Phil. Estates Corp. 0.6900 0.7100 0.6900 0.7000 1.45 12,627,000 4,140.00
0.71 0.41 Phil. Realty À 0.480 0.490 0.490 0.490 2.08 10,000
38.10 12.50 Phil. Tob. Flue Cur & Redry 14.60 14.60 14.60 14.60 0.00 400
4.77 1.80 Polar Property Holdings 3.80 3.84 3.72 3.84 1.05 347,000 (172,360.00)
18.86 10.00 Robinsons Land `B 16.38 17.00 16.42 16.42 0.24 1,508,400 20,699,358.00
Rockwell 3.15 3.24 3.12 3.16 0.32 130,000 (6,300.00)
2.70 1.74 Shang Properties Inc. 2.50 2.52 2.47 2.47 (1.20) 223,000
9.47 6.50 SM Development À 6.13 6.30 6.10 6.10 (0.49) 755,200 1,978,838.00
18.20 10.90 SM Prime Holdings 12.22 12.74 12.50 12.70 3.93 6,971,100 (8,281,282.00)
1.14 0.64 Sta. Lucia Land Inc. 0.68 0.68 0.68 0.68 0.00 125,000
0.80 0.45 Suntrust Home Dev. Inc. 0.510 0.520 0.520 0.520 1.96 23,000 (1,560.00)
4.30 2.60 Vista Land & Lifescapes 4.100 4.120 4.060 4.080 (0.49) 1,793,000 (800,810.00)
S E R V I C E S
2GO Group 1.80 1.98 1.90 1.98 10.00 50,000
43.00 28.60 ABS-CBN 35.50 35.50 35.00 35.50 0.00 27,900
14.76 1.60 Acesite Hotel 14.94 15.10 14.40 15.00 0.40 370,800
0.80 0.45 APC Group, Inc. 0.690 0.690 0.660 0.690 0.00 306,000
0.5300 0.0660 Boulevard Holdings 0.1440 0.1500 0.1400 0.1500 4.17 26,640,000 (56,800.00)
Calata Corp. 12.40 13.24 12.52 13.20 6.45 13,426,600 1,295,820.00
98.15 62.50 Cebu Air Inc. (5J) 66.70 68.00 67.00 67.50 1.20 162,620 (15,574.00)
9.70 5.40 DFNN Inc. 6.05 6.49 5.73 6.40 5.79 67,500
1750.00 765.00 FEUI 985.00 970.00 970.00 970.00 (1.52) 30
1270.00 825.00 Globe Telecom 1062.00 1062.00 1050.00 1061.00 (0.09) 50,725 41,584,915.00
10.34 6.18 GMA Network Inc. 10.00 10.06 9.90 10.00 0.00 733,800
69.00 43.40 I.C.T.S.I. 69.80 74.00 70.00 73.90 5.87 330,080 10,008,794.00
6.00 4.00 IPeople Inc. À 5.50 5.55 5.55 5.55 0.91 4,500
4.29 2.20 IP Converge 4.12 4.50 4.12 4.24 2.91 161,000
34.50 0.123 IP E-Game Ventures Inc. 0.042 0.044 0.042 0.043 2.38 14,200,000
3.87 1.16 IPVG Corp. 1.07 1.09 1.07 1.07 0.00 139,000
0.0760 0.040 Island Info 0.0500 0.0540 0.0490 0.0540 8.00 840,000 (9,800.00)
5.1900 2.900 ISM Communications 2.6000 2.7200 2.6000 2.6000 0.00 19,000
11.68 5.90 Leisure & Resorts 6.56 6.60 6.50 6.60 0.61 451,200 (137,340.00)
4.28 2.65 Liberty Telecom 2.85 2.85 2.85 2.85 0.00 1,000
0.84 0.57 Manila Bulletin 0.68 0.68 0.68 0.68 0.00 18,000
3.00 1.00 Manila Jockey 2.20 2.38 2.22 2.26 2.73 1,327,000 (46,000.00)
21.00 17.20 Pacic Online Sys. Corp. 20.00 20.40 20.40 20.40 2.00 1,000
8.58 4.50 PAL Holdings Inc. 7.20 7.30 7.18 7.23 0.42 19,900
3.32 1.05 Paxys Inc. 2.90 2.94 2.90 2.92 0.69 1,719,000
60.00 17.02 Phil. Seven Corp. 42.00 42.00 42.00 42.00 0.00 56,200 2,360,400.00
17.18 14.50 Philweb.Com Inc. 15.40 15.44 15.10 15.40 0.00 263,900 (734,450.00)
2886.00 2096.00 PLDT Common 2430.00 2462.00 2438.00 2456.00 1.07 295,465 162,816,240.00
23.75 10.68 Puregold 24.60 25.10 24.60 25.00 1.63 5,470,400 8,308,670.00
Touch Solutions 3.55 3.80 3.60 3.60 1.41 32,000
3.30 2.40 Transpacic Broadcast 2.55 2.70 2.62 2.62 2.75 64,000
0.79 0.26 Waterfront Phils. 0.440 0.440 0.430 0.430 (2.27) 170,000
MINING & OIL
0.0083 0.0036 Abra Mining 0.0041 0.0041 0.0040 0.0041 0.00 44,000,000 (12,300.00)
25.20 14.50 Atlas Cons. À 17.46 17.80 17.38 17.40 (0.34) 2,758,200 24,352,220.00
31.00 20.00 Atok-Big Wedge À 29.90 29.90 29.90 29.90 0.00 300
0.380 0.148 Basic Energy Corp. 0.240 0.245 0.240 0.245 2.08 470,000
30.35 15.00 Benguet Corp À 21.65 21.60 21.60 21.60 (0.23) 10,000
2.51 1.62 Century Peak Metals Hldgs 1.45 1.46 1.44 1.46 0.69 151,000
50.85 4.35 Dizon 32.50 33.50 32.00 32.70 0.62 129,000 6,500.00
1.21 0.50 Geograce Res. Phil. Inc. 0.70 0.71 0.70 0.70 0.00 1,037,000
1.82 0.5900 Lepanto À 1.420 1.480 1.430 1.450 2.11 88,817,000
2.070 0.6700 Lepanto `B 1.510 1.570 1.520 1.530 1.32 43,419,000 3,283,690.00
0.085 0.035 Manila Mining À 0.0660 0.0690 0.0670 0.0690 4.55 211,420,000
0.087 0.035 Manila Mining `B 0.0660 0.0690 0.0670 0.0680 3.03 127,770,000
34.80 15.04 Nickelasia 30.00 31.60 30.20 31.60 5.33 919,300
12.76 2.08 Nihao Mineral Resources 8.75 9.00 8.70 8.80 0.57 682,300 (1,134,420.00)
1.100 0.008 Omico 0.6900 0.7000 0.7000 0.7000 1.45 3,150,000
8.40 2.12 Oriental Peninsula Res. 5.120 5.250 5.100 5.120 0.00 1,024,900 102,900.00
0.032 0.012 Oriental Pet. À 0.0170 0.0170 0.0170 0.0170 0.00 92,800,000
7.14 5.10 Petroenergy Res. Corp. 6.00 6.30 6.30 6.30 5.00 500
28.95 17.08 Philex À 23.70 24.20 23.90 24.15 1.90 1,844,300 7,919,610.00
14.18 3.00 PhilexPetroleum 38.45 39.45 37.65 38.75 0.78 307,900
0.058 0.013 Philodrill Corp. À 0.042 0.044 0.042 0.042 0.00 84,900,000
252.00 161.10 Semirara Corp. 219.60 222.00 216.80 218.00 (0.73) 157,050 (29,095,094.00)
0.029 0.013 United Paragon 0.0180 0.0190 0.0190 0.0190 5.56 200,000
PREFERRED
First Gen G 100.80 101.00 101.00 101.00 0.20 11,250
11.02 6.00 GMA Holdings Inc. 10.00 10.00 9.87 9.98 (0.20) 41,100 (110,000.00)
80.00 74.50 SMC Preferred 1 75.10 75.20 75.20 75.20 0.13 7,790
1050.00 990.00 SMPFC Preferred 1019.00 1024.00 1022.00 1022.00 0.29 700
6.00 0.87 Swift Pref 1.05 1.03 1.03 1.03 (1.90) 2,000
WARRANTS & BONDS
IRC Properties W 0.10 0.10 0.10 0.10 0.00 10,000,000 1,000,000.00
1.35 0.62 Megaworld Corp. Warrants 0.98 1.00 0.96 0.96 (2.04) 31,000
TRADI NG SUMMARY
SHARES VALUE
FINANCIAL 7,149,184 569,312,745.15
INDUSTRIAL 155,714,543 6,841,590,543.73
HOLDING FIRMS 79,502,919 1,170,820,449.24
PROPERTY 124,825,475 397,446,051.84
SERVICES 67,557,822 1,267,073,901.04
MINING & OIL 706,005,509 411,176,214.29
GRAND TOTAL 1,140,755,452 10,657,419,905.28
FINANCIAL 1,250.86 (up) 17.40
INDUSTRIAL 7,811.75 (up) 82.64
HOLDING FIRMS 4,383.26 (up) 48.08
PROPERTY 1,841.81 (up) 50.99
SERVICES 1,666.93 (up) 27.44
MINING & OIL 24,785.37 (up) 366.23
PSEI 5,075.85 (up) 81.78
All Shares Index 3,371.10 (up) 35.99
Gainers: 103; Losers: 43; Unchanged:42; Total: 188
STOCKS Close
(P)
Change
(%)
Seafront À' 1.64 18.84
Asia Amalgamated A 5.49 16.56
Vivant Corp. 11.50 12.75
2GO Group' 1.98 10.00
Interport À' 1.15 8.49
Island Info 0.0540 8.00
Universal Robina 66.00 7.32
Vulcan Ind'l. 0.98 6.52
Calata Corp. 13.20 6.45
I.C.T.S.I. 73.90 5.87
STOCKS Close
(P)
Change
(%)
Agrinurture Inc. 9.34 (16.16)
Cityland Dev. À' 1.15 (8.73)
Greenergy 0.0130 (7.14)
Mabuhay Vinyl Corp. 1.51 (5.63)
Mariwasa MFG. Inc. 2.65 (5.36)
Holcim Philippines Inc. 11.02 (3.33)
Swift Foods, Inc. 0.127 (3.05)
Highlands Prime 1.72 (2.82)
LMG Chemicals 1.60 (2.44)
Anchor Land Holdings Inc. 39.50 (2.35)
TOP GAI NERS TOP LOSERS
CHIN WONG
DIGITAL LIFE
ONE of the things I like best about Linux is the
ability to customize the desktop.
This isnt about adding extraneous bells and
whistles, but about getting the place where I work
looking and behaving the way I want. Its about
being productive.
Notwithstanding the view of the tablet-toting,
nger-sweeping set, the metaphor of the desktop is
still relevant today. On the computer where I work,
I want a clean desktop on which I can quickly call
up applications, documents and folders. I also want
to nd my docks, menu bars and task bars where I
expect them, because I dont enjoy scrolling through
a grid of icons, no matter how colorful or attractive
they are, simply to nd the program I need.
Functionally, I dont like clutter on the desktop.
I prefer to keep my shortcuts and launchers in an
organized dock at the bottom of the screen, much
like the Mac does. I also like to have a panel with
system indicators at the top of the screen, but
I dont like the way Mac OS X puts application
menus on this top panel because I nd it unwieldy
and confusing. Call it old school, but I think it
makes more sense for applications to have menus
in their own windows.
Up until recently, my desktop of choice was a
heavily customized XFCE system running on Ubuntu
11.10. Ubuntus native Unity interface, which was
clearly designed with tablets in mind, didnt t the
way I wanted to work, so I simply switched it out.
Again, this is the neat thing about Linux. If you
dont like the interface, you can change it, and
on Ubuntu, this is as easy as installing the new
desktop and choosing it when you log in.
When I upgraded to Ubuntu 12.04 (Precise
Pangolin), I tried a number of alternative desktops,
including Gnome 3 (still sucks), Cinnamon (almost
like Gnome 2, which is good, but it wouldnt work
with Emerald, my favorite window decorator) and
XFCE, which is rather ugly out of the box and
needs a lot of customization to meet my functional
and aesthetic requirements.
In the end, I decided to give Unity another try
and was pleasantly surprised.
Ubuntus default interface still wont let me
move the launcher from its xed position on the
left side of the screen, but I gured I could work
around that by adding a dock, Avant Window
Manager, at the bottom of the screen. Then, using
a tool called MyUnity, I customized Unitys panel
by reducing the icon size so my screen didnt look
like a learning tool for preschool children, and I
chose to hide the launcher so that it would only
show itself if I scroll my mouse pointer off to the
left side of the screen.
To give my individual windows their menus
back, I installed another utility called Unsettings
and turned off Unitys global menu. Like MyUnity,
Unsettings will also enable you to customize other
aspects of the Unity interface.
The most difcult part for me was to restore my
beautiful glass-like windows decorations (X-C
Backlight F) because Ubuntu 12.04 still doesnt
have Emerald in its repository. To install and use
it, I had to follow some fairly involved instructions
from the DeviantArt Web site, but the results were
well worth the trouble. Im not sure why Emerald
isnt in the 12.04 repository, but it ought to be.
The visual impact is so stunning it makes all other
windows look drab.
To gain greater control over my desktop special
effects, I installed CompizCong Settings Manager
thankfully, still available through the Ubuntu
Software Center. I also installed compiz-plugins-
extra just to give those effects an extra kick.
For some strange reason, Ubuntu 12.04 doesnt
come with a decent screen saver. If you lock the
screen, Unity simply blanks it, which can be pretty
boring. Fortunately, several sites show you how
to install Xscreensaver in Ubuntu 12.04. This will
give you tons of screen savers to choose from; my
own favorite is the GLSlideshow, which puts on
a stylish slide show of the photos in your chosen
directory of images.
Finally, since I get bored looking at the same
wallpaper all the time, I installed Wallch, which
lets you cycle through any number of wallpapers
in a user-determined time interval as short as 10
seconds, if you have a short attention span.
Ubuntu 12.04and Unityhave some really
cool features but you dont have to stick with their
standard look-and-feel. With a bit of tweaking,
theres no reason you cant have your desktop
working just the way you want it.
Column archives and blog at:
http://www.chinwong.com
STOCKS rebounded Monday, as concerns
over the European debt crisis eased after
Spain sought a $125-billion bailout for its
problematic banks.
The Philippine Stock
Exchange index, the 30-company
benchmark, jumped 81 points, or
1.6 percent to close at 5,075.85,
its highest level this month.
SM Investments Corp.,
holding company of billionaire
Henry Sy, added 2.2 percent to
P700, the highest close in June.
The company has set aside P5
billion to build two hotels under
the Luxury brand.
The company also said it got
approval from the SEC to sell
P10 billion of bonds, with room
for an additional P5 billion, a
stock-exchange ling showed.
Nickel Asia Corp., the
nations biggest producer of the
metal, increased 5.3 percent to
P31.60, the sharpest gain since
April 25. The company said its
shareholders approved a 50-
percent stock dividend. A nickel
venture with Sumitomo Corp.
will start operations in the fourth
quarter of 2013, president Gerard
Brimo said on June 8.
Calata Corp. advanced 6.5
percent to P13.20, the highest
close since June 4. The company
said it signed an agreement to
exclusively supply National
Agribusiness Corp. with corn.
The agreement will further
augment its rapidly increasing
corporate revenue stream, the
company said.
Resort operator Boulevard
Holdings Inc. increased 4.2
percent to 15 centavos, the
sharpest gain since April 27,
snapping a ve-day retreat.
The company expects sales to
rebound after falling 12 percent
in the scal year ended May 31
from a year earlier as tourist
arrivals from Europe decreased,
a stock-exchange ling showed.
Meanwhile, Asian stocks and
the euro climbed Monday after
Spain sought a lifeline for its
ailing banks, easing fears that
Europes debt crisis was about to
spin out of control.
Spain on Saturday asked
nance ministers from the 17
countries that use the euro to
rescue its banks, which have
been crushed by bad real estate
loans. They responded by
offering up to 100 billion euros
($125 billion) in credit that
the Spanish government could
funnel to banks.
Japans Nikkei 225 index
jumped 2.1 percent to 8,637.03.
South Koreas Kospi added 1.6
percent to 1,864.93 and Hong
Kongs Hang Seng climbed
2.4 percent to 18,934.29.
Benchmarks in Singapore,
Taiwan, mainland China,
Indonesia and New Zealand
also rose.
In currency trading, the euro
rose to $1.2638 from $1.2507
late Friday in New York. It rose
to 100.64 yen from 99.50 yen.
Adding to the improved
trading mood was better-than-
expected data over the weekend
that showed Chinas exports
jumped in May from a year
earlier.
The next key date for the euro
currency union is Sunday, when
Greek voters head to the polls in
an election likely to determine
whether the debt-mired country
will stick with the common
currency.
With Bloomberg, AP
Manila
Standard
TODAY
(MST-June 12, 2012)
OFFICE OF THE DISTRICT ENGINEER
Cebu 1st District Engineering Ofce
Regional Equipment Services Compound
V. Sotto Street, Cebu City
The Bids and Awards Committee (BAC) of the Department of Public
Works and Highways, Cebu I
st
District Engineering Ofce, through
its Bids and Awards Committee (BAC), invites contractors to bid for the
aforementioned project :
Item No. 1
Contract ID : 12HD0020
Contract Name : Construction/Repair/Rehabilitation of Cebu
1
st
Engineering Ofce (Phase I)
Contract Location : Medellin, Cebu
Scope of Work : Concreting of Footings, Columns and Tie
Beam
Approved Budget for the Contract (ABC) : Php7,274,378.78
Contract Duration : 90 Calendar Days
Funding Source : FY 2012
Bid Document Fee : Php10,000.00
Procurement will be conducted through open competitive bidding
procedures in accordance with R.A. 9184 and its Revised Implementing
Rules and Regulations.
To bid for this contract, a contractor must submit a Letter of Intent
(LOI) and must meet the following major criteria: (a) prior registration with
DPWH, (b) Filipino citizen or 75% Filipino-owned partnership, corporation,
cooperative, or joint venture with PCAB license applicable to the type and
cost of this contract, (c) completion of a similar contract costing at least
50% of ABC within a period of 10 years, and (d) Net Financial Contracting
Capacity at least equal to ABC, or credit line commitment for at least
10% of ABC. The BAC will use non-discretionary pass/fail criteria in the
eligibility check and preliminary examination of bids.
Unregistered contractors, however, shall submit their applications for
registration to the DPWH-POCW Central Offce before the deadline for
the receipt of LO. The DPWH-POCW Central Offce will only process
contractors applications for registration, with complete requirements, and
issue the Contractor's Registration Certifcate (CRC). Registration Forms
may be downloaded at the DPWH website www.dpwh.gov.ph
The signifcant times and deadlines of procurement activities are
shown below:
1. Issuance of Bidding Documents : June 12, 2012 to June 21, 2012
2. Pre-bid Conference : June 14, 2012 at 2:00 p.m.
3. Receipt of LOIs from Prospective
Bidders
: June 15 2012 to June 19, 2012
4. Receipt of Bids : June 26, 2012 at 9:00 a.m. to 10:00 a.m.
5. Opening of Bids : June 26, 2012 at 11:00 a.m.
Prospective bidders shall submit their duly accompanied forms as
specifed in the BD's in two (2) separate sealed bid envelopes to the
BAC Chairman. The frst envelope shall contain the technical component
of the bid, which shall include the eligibility requirements. The second
envelope shall contain the fnancial component of the bid. Contract will
be awarded to the Lowest Calculated Responsive Bid as determined in
the evaluation and the post qualifcation.

The Department of Public Works and Highways Cebu I
st
District
Engineering Ofhce reserves the right to accept or reject any or all bid
and to annul the bidding process anytime before Contract award, without
incurring any liability the affected bidders.
Approved by:
(Sgd.) RICHEL A. VILLEGAS
BAC Chairman
NOTED:
(Sgd.) WILFREDO AV. ENCISO, CEO VI
District Engineer
DEPARTMENT OF PUBLIC WORKS & HIGHWAYS
OFFICE OF THE REGIONAL DIRECTOR
Regional Offce No. V
Government Center, Baras, Palo, Leyte
Telephone Nos. : (053) 323-5553 / 1067
Email Add: dpwh.ro8_bacsec@yahoo.com.ph
INVITATION TO BID
June7, 2012
The Bids and Awards Committee (BAC) of the DPWH, RegionaI Ofce No. VIII, Baras, PaIo,
Leyte, through the SARO No.: B-10-09811 RA 9524 Continuing Appropriations DSWD Funds,
invites contractors to bid for the following project:
Contract ID : 12IO0006
Contract Name : Construction of 3-Storey Ofce BuiIding,
DSWD RegionaI FieId Ofce 8,
Magsaysay Boulevard, Tacloban City
Contract Location : Tacloban City

Scope of Work : Construction of a 3-Storey Offce Building
(Phase 1)

Approved Budget for the Contract (ABC) : Php 18,589,165.29
Contract Duration : 240 Calendar Days
Cost of Bidding Documents : Php 10,000.00
The BAC will conduct the procurement process in accordance with the Revised IRR of R.A. 9184.
Bids received in excess of the ABC shall be automatically rejected at the opening of bid. To bid
for this contract, a contractor must submit a standard form DPWH-INFR-15 Letter of Intent (LOI),
purchased bid documents and must meet the following major criteria: a) prior registration with
DPWH, b) Filipino citizen or 75% Filipino - owned partnership, corporation, cooperative, or joint
venture, c) with PCAB license applicable to the type and cost of this contract, d) completion of
a similar contract costing at least 50% of ABC within a period of 10 years, and e) Net Financial
Contracting Capacity at least equal to ABC, or credit line commitment at least equal to 10% of
ABC. The BAC will use non-discretionary pass/fail criteria in the Eligibility Check and Preliminary
Examination of Bids. The BAC will only accept/process LOIs signed by the person authorized
in the Contractors License issued by PCAB and shall be submitted only by the Authorized
Liaison Ofcer as specied in the Contractor's Information (CI). Letter of Intent (LOI) sent
thru mail or fax and submission by persons with a Special Power of Attorney shall not be
accepted. Bidders shaII submit their bids through their duIy authorized Iiaison ofcers.

Unregistered contractors, however, shall submit their applications for registration to the DPWH-
BAC, Central Procurement Offce before the deadline for the receipt of LO. The DPWH-BAC
Central Procurement Offce will only process contractors' application for registration with complete
requirements and issue the Contractor's Registration Certifcate (CRC). Registration Forms may be
downloaded at the DPWH website www.dpwh.gov.ph.

The signihcant times and deadlines of procurement activities are shown below:

1. Issuance of Bidding Documents JUNE 8 - 27, 2012
2. Pre-Bid Conference JUNE 15, 2012
(10:00 AM)
3. Deadline of Receipt of LOI from Prospective
Bidders
JUNE 22, 2012
(Until 5:00 PM)
4. Receipt of Bids JUNE 27, 2012
(Until 1:30 PM)
5. Opening of Bids JUNE 27, 2012
(1:35 PM)
The BAC will issue hard copies of Bidding Documents (BDs) at the BAC Secretariat, DPWH,
Regional Offce No. V, Baras, Palo, Leyte, upon payment of a non-refundable fee as stated above.
Prospective bidders may also download the BDs from the DPWH website, if available. Prospective
bidders that will download the BDs from the DPWH website shall pay the said fees on or before
the submission of their Bid Documents. The Pre-Bid Conference shall be open only to interested
parties who have purchased the BDs. Bids must accompanied by a bid security, in the amount and
acceptable form, as stated in Section 27.2 of the Revised IRR.
Prospective bidders shall submit their duly accomplished form as specifed in the BD's in two (2)
separate sealed bid envelopes to the BAC Chairman. The frst envelope shall contain the technical
component of the bid, which shall include a copy of CRC. The second envelope shall contain the
fnancial component of the bid. Contract will be awarded to the Lowest Calculated Responsive Bid
as determined in the bid evaluation and post-qualifcation.
The DPWH, RegionaI Ofce No. VIII, Baras, PaIo, Leyte, reserves the right to accept or reject
any bid, to annul the bidding process at any time prior contract award, without thereby incurring any
liability to the affected bidder/s.

Approved By:
(SGD.) EDGARB. TABACON, CEOVI, CESE
OIC - Assistant Regional Director
NOTED: (BAC Chairman)
(SGD.) ROLANDO M. ASIS, CESO III
Regional Director
(MST-June 12, 2012)
Regional Offce No. V-A
CAVITE DISTRICT ENGINEERING OFFICE
Trece Martires City
Tel. No. (046) 419-0058 /Tel. Fax No. (046) 419-0694
The Bids and Awards Committee (BAC) of the DPWH-Cavite District
Engineering Offce, through the (stated below), invites contractors to bid for the
aforementioned projects:
Contract ID: 12DF0084
Contract Name: Widening/Improvement of Daang Hari Road,
AguinaIdo BIvd. (R-1 Expressway) Extension
Link Road (Imus-Kawit), incIuding RROW
Sta. 2+069.57 to Sta. 2+505.17
Contract Location: Kawit & Imus, Cavite
Scope of Work:
Approved Budget for the Contract (ABC): Php 33,068,563.91
Contract Duration: 190 calendar days
Cost of Bidding Documents: PhP 20,000.00
The BAC will conduct the procurement process in accordance with the Revised
IRR of R.A. 9184. Bids received in excess of the ABC shall be automatically rejected
at the opening of bid.
To Bid for the contract, a contractor must submit a Letter of Intent (LOI), purchase
bid documents and must meet the following criteria: (a) prior registration with DPWH,
(b) Filipino Citizen or 75% Filipino-owned partnership, corporation, cooperative, or
joint venture, (c) with PCAB license applicable to the type and cost of this contract,
(d) completion of a similar contract costing at least 50% of ABC within a period of 10
years, and Net Financial Contracting Capacity at least equal to ABC, or credit line
commitment at least equal to 10% of ABC. The BAC will use non-discretionary pass/
fail criteria in the eligibility check and preliminary examinations of bids, evaluation of
bids and postqualifcation.
Interested bidders are also required to present to the BAC Secretariat, DPWH-
Cavite District Engineering Offce, Trece Martires City the original copies of the
following documents for authentication and issuance of Bid Documents: a) PCAB
License; b) Contract's Registration Certifcate; c) Certifcate of Materials Engineer
Accreditation; d) Latest Copy of Authorizing Offcer together with machine copy of
two (2) valid D's; e) Certifcate of Safety Offcer Seminar from Department of Labor
and Employment (DOLE); f) Philippine Government Electronic Procurement System
(PhilGEPS) Order From (Documents Request List) and g) CY-2011 CPES Rating.
Unregistered contractors, however, shall submit their applications for
registration to the DPWH-POCW Central Offce before the deadline for the receipt
of LO. The DPWH POCW-Central Offce will only process contractor's applications
for registration with complete requirements and issue the Contractor's Certifcate of
Registration (CRC). Registration Forms may be downloaded at the DPWH website
www.dpwh.gov.ph.
BAC Activities Schedule
1. Issuance of Bidding Documents June 8 29, 2012 until 9:00 A.M.
2. Pre-Bid Conference June 15, 2012 at 10:00 A.M.
Prospective Bidders
June 22, 2012 until 10:00 A.M.
4. Receipt of Bids June 29, 2012 at 10:00 A.M.
5. Opening of Bids June 29, 2012 at 10:30 A.M.
The BAC will issue hard copies of Bidding Documents (BDs) at DPWH-Cavite
District Engineering Ofhce, Trece Martires City, upon payment of non-refundable
fee of (stated above). Prospective bidders may also download the BDs from the
DPWH website, if available. Prospective bidders that will download the BDs from
the DPWH website shall pay the said fees on or before the submission of their bids
Documents. The Pre-Bid Conference shall be open only to interested parties who
have purchased the BDs. Bids must accompanied by a bid security, in the amount
and acceptable form, as stated in Section 27.2 of the Revised IRR.
Prospective bidders shall submit their duly accomplished forms as specifed
in the BDs in the BDS in two (2) separate sealed bid envelopes to the BAC
Chairman. The frst envelope shall contain the technical component of the bid, which
shall include a copy of the CRC. The second envelope shall contain the fnancial
component of the bid. Contract will be awarded to the Lowest Calculated Responsive
Bid as determined in the bid evaluation and post-qualifcation.
The DPWH-Cavite District Engineering Ofhce reserves the right to accept or
reject any bid, to annul the bidding process at any time prior contract award, without
thereby incurring any liability to the affected bidder/s.
Approved by:

(Sgd.) TEOFILO A. AYON
BAC Chairman

NOTED:
(Sgd.) OSCAR U. DELA CRUZ (SGD.)
District Engineer
ANNEX A
(MST-June 12, 2012)
Business
ManilaStandardToday mst_biz@manilastandardtoday.comextrastory2000@gmail.com JUNE 12, 2012 TUESDAY
B3
Calata
wins corn
supply
contract
May car sales jumped 31%
TeaM Energy gets
high GRI scorecard
TEAM Energy Corp.
received an A+ rating for its
2010 Sustainability Report
by the Netherlands-based
Global Reporting Initiative,
an independent, well-
respected organization that
prescribes industry-adapted
guidelines for sustainability
reporting.
This is an extremely proud
moment for all of us at TeaM
Energy. We pushed for a high
volume of disclosures from
our end as we wanted to be as
transparent as possible while
also sharing how our company
has worked with government
and our host communities
in uplifting socio-economic
conditions in the country,
said TeaM Energy president
and chief executive Federico
Puno.
We also believe that to have
an excellent environmental
performance, we have to be
vigilant in reviewing our
business operations systems
and practices.
TeaM Energy to date is
the first and only locally
operating Philippine company
to achieve such a distinction.
To secure the A+ Rating,
TeaM Energy fulfilled the
relevant indicators set by the
GRI covering economic and
environmental performance,
labor practices, human rights
and social performance. The
disclosures were closely
scrutinized by an external
review committee composed
of experts in various fields, to
ensure compliance with GRI
standards.
The GRI rating conrms that
TeaM Energys From Black
to Light 2010 Sustainability
report fullls the requirement
of Application Level A+, most
notably the total number of
performance indicators that
were made public.
The report aptly captures
the companys strategy in
addressing the fundamental
challenge of sustainability, and
presents detailed discussion
of the companys economic,
social and environmental
impacts, thereby increasing
stakeholders trust.
Innovation award. Malungai Life Oil founder Andy Lugtu receives a certicate for winning this years
innovation award from international organization Royal Institution, Singapore. Lugtu researched and
developed Life Oil, a highly concentrated malunggay leaves and seeds extract that has conserved the
chlorophyll, for two years. Manila Natures Link Inc. is the maker and exclusive distributor of Life Oil. With
Lugtu (from left) are Dayang Hadja Fatima Celia Kiram, chief executive of RI; and Helen Molano, executive
director of RI.
By Julito G. Rada
IMPROVED supply conditions and
consumer condence boosted sales of
car manufacturers by 31 percent in May
year-on-year, the Chamber of Automotive
Manufacturers of the Philippines said in a
report Monday.
Campi president Rommel
Gutierrez said sales in May hit
14,265 units from 10,913 a year
ago.
This May, we have seen
drastic improvements in the
industry because manufacturers
are able to serve strong customer
demands due to the stabilization
of the supply situation, Gutierrez
said in a statement.
We are very optimistic that
the strong performance in May
is a clear sign that the industry is
on the road to recovery and can
achieve record-breaking sales
for 2012, he said.
Sales in the rst ve months
just grew 1 percent to 59,177
units from 58,547 a year ago as
supply bottlenecks hampered
local production for the most part
of the year.
Gutierrez said the industry
posted minimal sales growth in
the rst four months of the year
due to supply limitations in the
wake of the Thailand ooding
last year. But improved supply
conditions, new models and the
the 6.4-percent growth in the rst
quarter pushed up May sales.
Gutierrez said sales in May
rose 16 percent from Aprils total
12,304 units.
Toyota Motor Philippines
continued to lead the industry on
a year-to-date basis with a 40-
percent share of the market in May,
followed by Mitsubishi Motor
Philippines 23.9 percent and Isuzu
Philippines 8.1 percent.
Gutierrez said the passenger car
and commercial vehicle segments
experienced a signicant increase
in sales.
Earlier, Gutierrez said
manufacturers would review
their previous 2012 sales forecast
of 8 percent to 9 percent growth,
or 154,000 units from 141,616 in
2011.
We are working on the sales
target revision for this year. We
hope to announce it next month,
Gutierrez said in a text message.
Car manufacturers sold 44,912
units in the rst four months of
the year, which means they have
to sell 109,088 more to hit the
154,000 target, or an average of
13,636 units a month starting
May.
The auto industry has shown
signs of recovery in sales in
March from the effects of natural
disasters last year. Although
down by 0.9 percent to 13,631
units from 13,750 a year ago,
manufacturers said the March
gures were better compared
with the 6.9-percent decline in
February on year.
Manufacturers sold 12,304
units in April, up 4.5 percent
from 11,779 a year ago.
By Lailany P. Gomez
NEWLY-LISTED agricultural
supplier Calata Corp. said
Monday it signed a contract
with state-run National
Agribusiness Corp. for the
exclusive supply of corn inputs
for the latters corn post-
harvest processing and trading
program.
The Bulacan-based supplier
said in a disclosure to the stock
exchange it intended to sustain
the supply of corn inputs to
Nabcor through bulk purchases
from local farmers as well as
company-initiated farming
activities.
The announcement lifted the
stocks of Calata by 6.5 percent
to close at P13.20 on Monday.
Calata listed on the stock exchange
last month with an initial public
offering price of P7.50.
Calata said the new
agreement was expected to
further augment the companys
increasing corporate revenue
stream through the eventual
sale of processed corn to feed
mills nationwide.
It said sales of farm inputs
were also expected to rise,
led by increasing demand
from local farmers wanting to
maximize their yield and prot
in the sale of corn harvest to
the state-run company.
This agreement intends
to strengthen the companys
position as the countrys
largest combined distributor
of feeds, agrochemicals,
fertilizers, veterinary medicine
and other agricultural products
and at the same time help in
the creation, development
and improvement of the
livelihood of the Filipino
farmer, Calata said.
Nabcor, established on June
29, 1982, is a government-
owned and -controlled
corporation under the
Department of Agriculture.
Manila
Standard
TODAY

Cordillera Administrative Region
OFFICE OF THE REGIONAL DIRECTOR
Engineers Hill, Baguio City
INVITATION TO BID
The Department of Public Works and Highways, Cordillera Administrative
Region (DPWH-CAR) through its Bids and Awards Committee (BAC), invites
contractors to bid for the aforementioned project/s:
1. Contract ID : 12P00032
Contract Name : Completion/Continuation of Sto. Tomas Manabo
Bridge Approaches (Phase VI), Bridge Painting &
Gabion Protection Works
Contract Location : Abra
Scope of Work : Gabions, mattress, structure excavation, etc
Approved Budget Cost : Php 17,011,582.99
Cost of Bidding Documents: Php 10,000.00
The BAC will conduct the procurement process in accordance with Revised IRR
of R.A. 9184, Bids received in excess of the ABC shall be automatically rejected at the
opening of bid.
To bid for this contract, a contractor must submit a Letter of Intent (LOI),purchase
bid documents and must meet the following major criteria: (a) prior registration
with the DPWH, (b) Filipino citizen or 75% Filipino-owned partnership, corporation,
cooperative or joint venture, (c) with PCAB license applicable to the type and cost of
this contract, (d) completion of a similar contract costing at least 50% of ABC within
a period of 10 years, and (e) Net Financial Contracting Capacity at least equal to
ABC, or credit line commitment for at least 10% of ABC. The BAC will use the non-
discretionary pass/fail criteria in the eligibility check, preliminary examination of bids.
Unregistered contractors, however, shall submit their applications for registration,
to the DPWH-POCW -CentraI Ofce before the deadline for the receipt of LOI.
The DPWH POCW-Central Offce will only process contractor's applications for
registration, with complete requirements, and issue the Contractor's Certifcate of
Registration (CRC). Registration Forms may be downloaded at the DPWH website
www.dpwh.gov.ph. Letter of Intent submitted thru mail will not be accepted. Only
Authorized Liaison Offcer as refected in the Contractor's Registration Certifcate
(CRC) will be allowed to transact with the BAC.
1. Issuance of Bidding Documents From June 12, 2012-July 4, 2012
2. Pre-Bid Conference June 22, 2012; 10:00am
Prospective Bidders
Deadline: June 29, 2012; 5:00pm
4. Submission/Receipt of Bids Until 10:00am; July 4, 2012
5. Opening of Bids July 4, 2012; 10:00am
The BAC will issue hard copies of Bidding Documents (BDs) at DPWH-CAR,
BAC-Secretariat, upon payment of non- refundable fee for Bidding Documents as
stated above. Prospective bidders may also download the BDs, if available from the
DPWH web site. Prospective bidders that will download the BDs from the DPWH
website shall pay the said fees on or before the submission of their Bid Documents.
The Pre-Bid Conference shall be open only to interested parties who have purchased
the BDs. Bids must be accompanied by a bid security in the amount and acceptable
form, as stated in Section 27.2 of the Revised IRR of R.A. 9184.
Prospective bidders shall submit their duly accomplished forms as specifed in
the BD's in two (2) separate sealed bid envelopes to the BAC Chairman. The frst
envelope shall contain the technical component of the bid, which shall include the
eligibility requirements. The second envelope shall contain the fnancial component
of the bid. Contract will be awarded to the Lowest Calculated Responsive Bid as
determined in the bid evaluation and post-qualifcation.
The Department of Public Works and Highways, Cordillera Administrative
Region (DPWH-CAR), reserves the right to accept or reject any or all bid and to annul
the bidding process anytime before Contract award, without incurring any liability to
the affected bidders.

Approved by:
(Sgd.) CONSTANTE R. SARMIENTO
Chief, Maintenance Division
BAC Chairman
DPWH-CAR, Regional Offce
Engineers Hill, Baguio City, 2600
Fax/Tel. No. (074)-444-88-38
(MST-June 12, 2012)
Republic Of The Philippines
OFFICE OF THE SECRETARY
Bids and Awards Committee (BAC) for Consultancy Services
5th Floor, DPWH Building, Bonifacio Drive, Port Area, Manila
Tel. 304 3596
REQUEST FOR EXPRESSION OF INTEREST
for the
Consulting Services for the
Metro Cebu Arterial Road Improvements and Preservation Project
(Metro Cebu ARTRIPP)

The Department of Public Works and Highways, through the General Appropriation Act
2012 intends to apply the sum of P 74,006,784.00 being the Approved Budget for the
Contract (ABC) to payments under the contract for the Consultancy Services for Metro
Cebu Arterial Road Improvements and Preservation Project (Metro Cebu ARTRIPP).
Bids received in excess of the ABC shall be automatically rejected at the opening of the
fnancial proposals.
The Department of Public Works and Highways now calls for the submission of eligibility
documents for:
Project: Consulting Services for the Metro Cebu Arterial Road
Improvements and Preservation Project (Metro Cebu ARTRIPP)
Component 1:
Part A:
Detailed Engineering Design for the:
A1. Widening/Rehabilitation of Mactan Island Tourism Ring Road
(MRR), Lapu-Lapu City
A2. Improvements Along Cebu South Coastal Road Project
(CSCRP), Cebu City
A3. Improvements Along CSCRP Vicinities (Tourism and Port
Corridor, Serging Osmena Blvd., Cebu City
Component 2: Preliminary Design of A Proposed Cebu City Bus Rapid Transit
(BRT) System, Cebu City
Component3:
Part B:
Implementing Framework For A Metro Cebu Output-And
Performance-Based Road Contract (OPRC) Pilot Project
Location: Metro Cebu
General
Objective:
-Improve and enhance a seamless south-north urban inter-modal
transport, economic and tourism corridor in Metro Cebu
-Provide unimpeded access to the Cebu Domestic and
International Ports at Cebu and Mandaue cities and to the Mactan
Cebu International Airport at Mactan Island
-Facilitate the movement of goods, services and the people to
and from the Central Business Districts (CBDs), economic/
export, and tourism zones at Cebu, Mandaue, Lapu-Lapu cities
and
-Promote balanced regional development and socio-economic
growth in Central Visayas.
Deliverables Expected Outputs
a. Detailed Engineering Design
b. Implementing Framework for A Metro Cebu Output-And
Performance-Based Road Contract (OPRC) Pilot Project
Interested consultants must submit their Applications for Eligibility and Shortlisting not
later than 2:00 p.m. on June 28, 2012 at the Bids and Awards Committee (BAC) for
Consultancy Services, Room 502-B, 5th Floor, DPWH Building, Bonifacio Drive, Port
Area, Manila. Applications for Eligibility will be evaluated based on a non-discretionary
pass/fail criterion. The eligibility forms may be downloaded from www.dpwh.gov.ph.
The BAC shall draw up the short list of consultants from those who have submitted
Applications for Eligibility and Shortlisting and have been determined as eligible in
accordance with the provisions of Republic Act 9184 (RA 9184), otherwise known as
the Government Procurement Reform Act, and its Revised Implementing Rules and
Regulations (RR). The short list shall consist of fve (5) prospective bidders who will be
entitled to submit bids. The criteria and rating system for short listing are:
Applicable Experience 35 pts.
Qualifcation of Personnel 40 pts.
Job Capacity 25 pts.
Total 100 pts.
Bidding will be conducted through open competitive bidding procedures using non-
discretionary "pass/fail criterion as specifed in the Revised RR of RA 9184.
Bidding is restricted to Filipino Citizens/Sole Proprietorship, Partnerships, or Organizations
with at least sixty percent (60%) interest of outstanding capital stock belonging to citizens
of the Philippines.
The Procuring Entity shall evaluate bids using the Quality-Based Evaluation (QBE)
procedure, whereby each consultant shall be required to submit technical and fnancial
proposals simultaneously in separate sealed envelopes. After receipt of bids, the technical
proposals of the consultants shall frst be opened, evaluated, and ranked in descending
order. Based on the numerical ratings of their technical proposals, the Highest Rated Bid
shall be identifed. After approval by the Head of the Procuring Entity of the Highest Rated
Bid, its fnancial proposal shall then be opened.
The contract shall be completed within ten (10) months.
The Department of Public Works and Highways reserves the right to reject any and all
bids, annul the bidding process, or not award the contract at any time prior to contract
award, without thereby incurring any liability to the affected bidder or bidders.
For further information, please refer to:
Undersecretary RAUL C. ASIS
Chairman, BAC for Consultancy Services
Bonifacio Drive, Port Area, Manila
Tel. No. (+623) 304-3302
Fax. No.(+632) 304-3572
(Sgd) RAUL C. ASIS
Undersecretary
Chairman, BAC for Consultancy Services
1.
2.
3.
4.
5.
6.
7.
8.
(MST-June 12, 2012)
B4
Provinces
Edited by Leo A. Estonilo www.manilastandardtoday.comleoestonilo@gmail.com
Cordillera schools go solar
Garcia salutes
barangay leaders
Little Red Schoolhouse curbs child labor
Zamboanga game changers
BAYOGMayor Leonardo Rabasa
keynoted on Monday a youth
congress at the town gymnasium,
rallying more than 260 participants
to Be the Change, this years
theme.
Zamboanga del Sur Governor
Antonio Cerilles discussed the role
of the youth in positive change
while SB member Celso Matias
discussed the House Rules and
Parliamentary Procedures along with
representatives from the Philippine
Drug Enforcement Agency.
The resource speakers from
the environment and health
ofces covered interventions
on the manifold issues of illegal
drugs, environmental protection
and greening program, teenage
pregnancy, health and malnutrition.
Approved in the plenary
session were P150,000 for tree
planting, P300,000 scholarship
for Indigenous People, P100,000
for anti-malnutrition, P100,000 for
sports, and P50,000 for anti-illegal
drugs campaign.
Also held during the two-day
congress were the induction of the
4H Club ofcers, signing of the Wall
Commitment by the delegates and
town ofcials led by Rabasa, and
tree-planting at the Gulian Agro-
Tourism Park.
Bernadine Astillero-Gabawan
By Dexter A. See

TUBATwo public schools will benet
from renewable energy to run their
facilities, thanks to Philex Mining Corp.
Engr. Libby Ricafort, vice
president and resident manager,
said a photovoltaic system
will be installed in Sioco
Cario Elementary School
and Piminggan Elementary
School, both in Ansagan, one
of Benguets most remote and
underdeveloped villages.
The location of the schools
is already a challenge for the
students., he told Manila
Standard. Lack of electricity
was an impediment to learning.
Ricafort said the outreach
formed part of Philexs program
to help develop communities
at its mining sites, through
education and livelihood.
Sinio Cario and Piminggan
have 151 and 107 students,
respectively.
Remy Dumao, Piminggan
teacher, said her pupils were
thankful because they could
now use computers and other
educational aids including access
to the Internet.
The eagerness to learn is
there, she said. That is why we
need all the support that we can
get from the private sector and
local government.
Jun Diso, Philex community
relations head, said other schools
are lined up for the program.
The School Electrication:
Solar Power Energy Project
aims to enhance and upgrade the
quality of teaching, thus, improve
the knowledge and understanding
of students through audio-visual
learning, he said.
The project involves the
installation of solar panels, control
and inverter circuits, battery,
lamps, and other accessories.
Diso expressed the companys
continuing support to the School
Improvement Plan of the Parents
Teachers Association under
Philexs Social Development
Management Plan.
The rm has also contributed
to the concreting of the 38-
kilometer farm-to-market road
leading to Ansagan and an eco-
tourism site for spelunking,
trekking, and other outdoor
activities.
Advocates
join hands in
championing
child welfare led
by (from left)
Datu Carlito
Anglao, Manobo
chieftain;
Guillermo
Aponte,
chairman, Coca-
Cola Foundation
Philippines;Edith
Villanueva,
Sugar Industry
Foundation
chairman; Rep.
Jose Maria Zubiri
III, Bukidnon
3rd district;
Education
Secretary Armin
Luistro FSC;
and Lawrence
Jeff Johnson,
Country Director,
International
Labor
Organization.
QUEZONA multisectoral
campaign in Bukidnon is leading
the advocacy of putting children
in classrooms instead of leaving
them to eke out a living.
Cecile Alcantara, president
of Coca-Cola Foundation
Philippines, joins the proponents
today in launching the Little
Red Schoolhouse outreach at
Quezon National High School-
Apyao Annex here in Barangay
Butong.
This is a milestone, not only
because it is the rst high school
constructed under the Little
Red Schoolhouse program, but
more importantly because it
addresses two pressing issues:
child labor and the limited
access to education, she said in
a statement.
We hope that this new
schoolhouse will draw the
young people of Barangay
Butong away from working
in the elds and keep them in
school, aiming and working for
a brighter future.
Alcantara said the foundation
has partnered with the Sugar
Industry Foundation, Inc.,
Bukidnon Sugar Company,
Department of Education, the
capitol and the Quezon Manobo
Tribal Association in the
mission under the International
Labor Organization to prevent
child workers.
Guillermo Aponte, president
and general manager of Coca-
Cola Philippines, said respect
for human rights including the
issue of child labor formed part
of the companys culture.
Coca-Cola Company
proactively participates
in mitigating child labor
particularly in its agricultural
supply chain in more than 20
countries including El Salvador,
Honduras, Mexico and the
Philippines, he said.
Recent ILO statistics showed
that Bukidnon was among four
provinces with a high incidence
of children working in sugarcane
plantations, rice elds, and other
agricultural industries.
A study of Xavier University
indicated that the youth mostly
of high-school age, chose to
work to help their families,
rather than attend secondary
education. Extreme poverty
and lack of school facilities
force youngsters to drop out of
school, the study found.
TAGAYTAY CITYKeynoting
the 8th Liga ng mga Barangay
Congress, Bulacan Chapter,
Cebu Governor Gwen Garcia
said village leadership is a crucial
factor in promoting growth
across the country.
The work and assistance
extended by barangay leaders is
crucial in development on the
provincial and national levels,
she said. What we have achieved
in Cebu can be done nationwide
with the cooperation of barangay
ofcials.
The gathering was attended by
over 400 delegates that included
Punong Barangays, Kagawads
and Sangguniang Kabataan
ofcials from 24 towns of the
province.
Mark Cholo Violago, president
of the Liga ng mga Barangay,
Garcias projects for the
barangays in Cebu.
Among these are the support
and assistance her administration
has given for the construction
of barangay halls, establishment
of day care centers, providing
Philhealth and GSIS group
insurance for barangay ofcials
and workers, and sponsorship of
socio-cultural activities.
Cebu Governor Gwen Garcia receives a token of appreciation from
Mark Cholo Violago, chapter president of the Liga ng Mga Baranga.

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