THE MANILA TIMES | APRIL 26, 2019

S&P grants ‘BBB’ rating to govt euro bond offer ÂťStory on B1 ++

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•• 4 SECTIONS PAGES • VOL. 120 NO. 195 28

FRIDAY, APRIL 26, 2019

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Trusted since 1898

‘The Manila Times managing editor asked to resign’

China to provide ‘highquality’ projects

Emeritus, Dr. Dante A. Ang, the isTHE Manila Times on Thursday sues that he CLARIkED THAT THE PAPER S MANAG- had with the ing editor, Felipe Salvosa 2nd, was story ‘OustDuterte asked to resign. “The Manila Times wishes to plot bared,’ set the record straight regarding written by Q President and the recent departure of Mr. Felipe the owner CEO Dante “Klink�

Salvosa 2nd from this publication himself,� he Ang as managing editor. First, Mr. Sal- added.

Salvosa’s resignation came after vosa did not resign; he was asked to do so. He was quoted as such in The Times published a story on some reports, but the other pub- Monday, complete with a matrix, lications have twisted that fact to linking the Philippine Center for smear the reputation of his former Investigative Journalism (PCIJ), employer,� the Times’ president VERA Files, Rappler, and the NaAND CHIEF EXECUTIVE OFkCER $ANTE tional Union of People’s Lawyers Francis “Klink� Ang 2nd, said in a to a supposed plot to oust Duterte from power. statement.

Written by the Times ’ chair“He behaved unethically when he posted a statement on social man emeritus, the report stated MEDIA WITHOUT kRST NOTIFYING OR that media practitioners allegedly clarifying with our Chairman ÂłAskedA2

BY CATHERINE S. VALENTE

PRESIDENT Rodrigo Duterte on Thursday said Filipinos would be getting “high quality� and “good impact� projects from China amid concerns that Beijing was luring Manila into a debt trap.

Duterte, who also called for stronger relations based on “mutual trust, respect and friendship,� issued the statement as Philippine and Chinese officials inked two agreements on promoting investment cooperation and drug rehabilitation.

In remarks during a meeting with Chinese President Xi Jinping, Duterte pushed for the swift implementation of bilateral agreements forged during Xi’s visit to Manila last year.

XI MEETS DUTERTE AGAIN President Rodrigo Duterte (left) is about to shake hands with Chinese President Xi Jinping before their meeting at the Great Hall of People in Beijing on April 25, 2019.

AFP PHOTO

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AN OPEN LETTER TO PRESIDENT XI JINPING OF CHINA

BY EDDIE ILARDE FIRST Word by Ambassador Dante A. Ang, Publisher-President Emeritus of The Manila Times Publishing Company

‘No more signs of life’ Searchers not giving up on recovering victims

The author of the following article is a former congressman and senator of the Philippines, author and freelance writer.

He is also the longest-living radio and television host and producer in the Philippines today; Lifetime Achievement Awardee for Radio & Television; founding chairman-president of Golden Eagles Society International, an organization for the welfare and dignity of older people; and founding chairman of Maharlika Movement for National Transformation, a society that advocates the renaming of the Philippines to Maharlika.

The Manila Times appreciates the merit of former senator Ilarde’s heartfelt and noble intention to calm the aggressive stance of both the Philippines and China, in the matter of the controversy at present regarding ownership of the Spratly Islands in the South China Sea; and most important to appeal to President Xi Jinping for a renewed and a more neighborly policy in this regard for the attainment of world peace and lasting friendship.

ÂłLetterA2

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BY DEMPSEY REYES

OPE has faded for 14 persons believed trapped under a Pampanga supermarket that collapsed during Monday’s earthquake, with the National Disaster Risk Reduction and Management Council (NDRRMC) saying rescuers can “no longer sense any signs of life.�

NDRRMC spokesman Edgar Posadas made this admission on Thursday, but said search operations at the Chuzon Supermarket in Porac town would continue until all victims were recovered.

Military authorities have said that nine survived the building’s collapse. “Unfortunately, there are no more [signs of life] per advise from experts, per life detectors,� Posadas told reporters. “[B]ut you know every technology has its own pitfalls

‌ [and] if that will be technically asked, we are using all equipment now and they can no longer sense any signs of life,� he added.

Responders are not giving up “even just to give people hope, the families some hope, whether it’s a good or bad result. We have to give them proper closure and in case that these missing people are still alive, we can return them to their family.�

Searchers are now using heavy equipment to clear the rubble, particularly the remains of the roof that

ARE BLOCKING ACCESS TO A lOOR 0OSADAS SAID OPERATIONS could continue for at least a week.

The NDRRMC also reported that 21 persons were injured during a 6.5-magnitude earthquake that hit Samar on Tuesday, just a day after the 6.1-magnitude tremor, which killed at least 16, jolted parts of Luzon.

Red Cross assistance The Philippine Red Cross (PRC), meanwhile, said it had deployed manpower and rescue vehicles to assist in search and rescue operations at the collapsed Chuzon Supermarket.

Thirty Red Cross personnel, two ambulances and two rescue vehicles with a generator and a tower light are on site. The PRC has also provided body bags to facilitate retrieval operations. “We deployed our assets from nearby chapters to

ÂłLifeA2

High time those doing Yellow type of web-based black propaganda are jailed

T

HE vileness of the “Bikoy� video and the unearthing of the fact that it was put into the worldwide web by a website that was set up and managed by a longtime supporter of the Yellows — especially of Vice President Leonor

Robredo and the Otso Diretso senatorial candidates — should prod our Republic to put an end to their propaganda weapon of choice — anonymous, libelous posts and videos in the worldwide web. ³TiglaoA5

RIG RRIGOBERTO IGG DD. TIGLAO

What’s inside HUNGER INCIDENCE DOWN IN FIRST NewsA2 QUARTER – SWS THE PH ON THE ARCHAEOLOGICAL WORLD MAP

CHOPPER DOWN

A private helicopter owned by businessman Liberato Laus, 65, crashed in a fish pond in Malolos, Bulacan on Thursday, killing him and pilot Edil Colonel. PHOTO BY RUY L. MARTINEZ

Ma. Isabel OngpinA4

SLICE OF LIFE B8 CMAP CELEBRATES 8 DECADES OF PROVIDING RELIABLE CREDIT MANAGEMENT SOLUTIONS B10,11

Bayan Muna tops party-list poll despite ‘red-tagging’ REACH US AT: E-mail:

MORE ‘LUCK’ IN BINONDO WITH NEW MEGAWORLD HOTEL

EntertainmentD4

newsdesk@ manilatimes.net Tel. Nos.: 524-5664 to 67 Address: 2/F Sitio Grande, 409 A. Soriano Avenue, Intramuros, Manila 1002

MILITANT group Bayan Muna bagged the top spot among all party-list organizations vying for congressional seats in the May 13 midterm elections, a Pulse Asia survey released on Thursday showed.

Bayan Muna, which has been implicated by the military in the supposed “Red October� plot to oust President Rodrigo Duterte, received the highest voter preference rating of 8.50 percent in the March 23 to 27 poll.

Magsasaka sa Sakahan, Kaunlaran was second with 6.45 percent, while Gabriela Women’s party was third with 6.04 percent.

2OUNDING OUT THE TOP kVE WERE !KO "ICOL 0OLTI-

cal Party and Advocacy for Teacher Empowerment Through Action Cooperation and Harmony Towards Educational Reform with 4.72 percent and 4.58 percent, respectively.

0ULSE !SIA SAID THE kVE WOULD gEACH GARNER THE ceiling of three seats� following the procedure for allocating the maximum number of 59 seats.

Of the 134 party-list groups accredited by the Commission on Elections, 14 could get at least one seat in the House of Representatives given more than 2 percent support from respondents, THE POLLING kRM ADDED

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News

˜ The Manila Times FRIDAY April 26, 2019

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Hunger incidence down in first quarter – SWS

T

BY RALPH U. VILLANUEVA

HE number of Filipino families that experienced hunger for the kRST QUARTER OF BARELY MOVED compared to the prior quarter, a Social Weather Stations (SWS) survey found.

The survey, conducted from March 29 to 31, 2019, said 9.5 percent, or about 2.3 million families, experienced “involuntary� hunger FOR THE kRST THREE MONTHS OF This is a point lower than the 10.5 percent, or about 2.4 million families, recorded in December 2018.

Those who experienced “severe� hunger stood at 1.3 percent, 0.2 points lower compared to the 1.5 percent recorded in December.

Filipinos who said they were “moderately� hungry accounted

for 8.1 percent, down by 0.8 points from December’s 8.9 percent.

The hunger incidence dropped significantly in Metro Manila, where 11.7 percent or 387,000 families said they experienced hunger.

This is a 6.6 point difference from the 18.3 percent, or 581,000 families, recorded in December.

The hunger incidence for the rest of the Philippines remained virtually identical.

In Mindanao, quarterly hunger fell by 2.2 points, recorded

at 6.1 percent, or 345,000 families, in March.

The prior quarter, the hunger incidence in the region was at 8.3 percent, or 443,000 families.

In Balance Luzon, 10.3 percent, or 1.1 million families, said they EXPERIENCED HUNGER FOR THE kRST quarter of the year.

This is 0.6 points higher than the 9.7 percent, or approximately 1 million families, recorded in December.

The hunger incidence in the Visayas rose by 0.8 points, at 10 percent, or 472,000 families, compared to the 9.2 percent, or about 411,000 families, in December.

The survey was conducted among 1,440 Filipinos aged 18 years old and above.

It had sampling error margins of Âą2.6 percent for national percentages, and Âą5 percent each for Balance Luzon, Metro Manila, the

Visayas and Mindanao.

MalacaĂąang spokesman Salvador Panelo welcomed the minor dip.

Panelo said the government was “off to a good start� for 2019 in terms of the hunger incidence. “These figures indicate that the President’s sincere efforts in addressing soaring prices and running a bureaucracy that efficiently delivers basic services to the poor and marginalized are beginning to bear fruits and now being felt by our countrymen,� he added. “While many Filipino families remain in poverty and continue to experience hunger, the Chief Executive has been working tirelessly in improving the socioeconomic status of millions of Filipinos for them to lead a more comfortable, secure and prosperous life,� Panelo said.

Namfrel ‘partially’ accredited as Comelec’s partner WITH only more than two weeks to spare before the mid-term polls, election watchdog National Movement for Free Elections (Namfrel)

kNALLY GOT ITS ACCREDITATION AS THE Commission on Elections’ (Comelec) citizens’ arm for the May 13 elections.

The poll watchdog, however, pointed out that it has not received the poll body’s nod for their Open Election Data project, which it will use as an “almost� real-time transmission and tabulation site of election results.

In its Minute Resolution 19-0351, the Comelec en banc made Namfrel a participant in the Random Manual Audit (RMA) and gave them the nod to monitor the

automated election system.

Namfrel National Treasurer Lito Averia Jr., the head of the project, said their accreditation was only “partial� as they had asked the Comelec nod to run the site as a cluster to the initial accreditation. “We have no clue why the accreditation [for the Open Election Data project] was delayed,� Averia added, citing the Comelec’s Minute Resolution dated March 29.

The project was included in the watchdog’s petition to be accredited as citizens’ arm. “If we don’t get the accreditation for the Open Election Data project, we have to outsource data from other organizations. That WOULD BE DIFkCULT FOR US u FORMER Comelec commissioner and now Namfrel National Chairman Augusto Lagman said.

The Open Election Data project would be a website containing election-related data such as information on candidates, election return tabula-

tion, list of voters, transparency and media servers, among many other pieces of information.

4HE .AMFREL THE kRST CITIZEN LED monitoring organization in the world, had to wait for more than three months to be accredited as the poll body’s citizens’ arm.

Aviera said they would still push for the project and access to election data despite the approaching elections, as the Comelec needs to know whether the automated voting system has glitches. “We will still push [for it]. We [need] to gain new insight on election management, increase voter participation and citizen engagement... The poll body also needs to know how the automated system is performing come election day,� he added.

Namfrel is seeking the support of some 50,000 volunteers to monitor election activities in more than 85,000 clustered polling precincts before, during and after election day.

NEIL JAYSON N. SERVALLOS

Q National Citizens’ Movement for Free Elections official Lito Averia talks about the organization’s actions for the upcoming elections. PHOTO

BY ENRIQUE AGCAOILI

Q LIFE FROM A1

Q PROJECTS FROM A1

‘No more signs of life’ China to provide ‘high-quality’ projects Ayala to help rebuild “President Xi’s visit to Manila last November was a watershed moment in Philippine-China ties. The decision to elevate bilateral ties to a comprehensive, strategic cooperation affirms the Philippines and China’s strong desire to further deepen and broaden this engagement,� he said. “We must [speed] up implementation of the agreements [reached] during His Excellency’s visit. We envision... highquality and good impact projects. The sooner they are completed, the sooner people on the ground will feel the benefits of Philippine-China relations,� he added.

Duterte was scheduled to hold a separate meeting with Chinese Premier Li Keqiang later on Thursday.

Concerns have been raised about the cost of financial assistance offered by China, with critics claiming the Philippines could be forced to turn over its patrimony if unable to pay. Adding to the worry is a continuing dispute over territorial claims in the West Philippine Sea (South China

Sea), which is believed to hold huge untapped natural gas and oil reserves.

T h e P h i l i p p i n e s i n 201 6 won a United Nations-backed arbitral tribunal ruling that rejected Beijing’s claims. China has refused to recognize the decision, which Duterte set aside at the start of his presidency as part of a pivot to the regional power.

MalacaĂąang insists that loan deals signed by the Philippines and China under the Duterte presidency are “on equal footing.â€?

Duterte, who is in Beijing to attend the Second Belt and Road Forum, said both nations should explore new areas of cooperation and partnership. “The forum provides another opportunity to renew and reaffirm our valued relations based on mutual trust, respect, and friendship and must continue to grow strength and meaning in the coming years,� he said.

Duterte also congratulated China on its 70th founding anniversary, citing its economic achievements.

CATHERINE S. VALENTE

provide additional manpower in affected areas. No one shall be left behind,� PRC Chairman Richard Gordon said in a statement.

Gordon also urged business owners to take precautionary measures to ensure safety during and after earthquakes.

The public was also advised to take earthquake drills seriously to prevent casualties and to take note of recommended measures before,

during and after an earthquake.

In another development, conglomerate Ayala Corp. on Thursday pledged to help rebuild 1,000 homes that were severely damaged by the Pampanga earthquake.

In a statement, Ayala said it was working with the provincial

No brownouts on election day – NGCP THE National Grid Corporation of the Philippines (NGCP) on Thursday gave assurances that there would be no power interruptions on May 13, election day.

NGCP Assistant Vice President and head of Luzon Systems Operation Reynaldo Abadilla gave the assurance during the public hearing held by Sen. Sherwin Gatchalian, chairman of the Senate Committee on Energy, on the spate of power outages in Luzon. “Based on our planning in collaboration with the DoE (Department of Energy), two weeks before, and one week after the election, we make sure there would be no maintenance [work to be done] during that time,� Abadilla said.

“Even during the election period, we will have reserve [power].

However, after that election period, our reserve will be slightly within [the] boundary,� he said. “So based on the projection and based on the planned outage that would be coming in this April, we could secure the election period,�

Abadilla said.

Gatchalian, however, warned that there would be brownouts during the rainy season. “The nice thing was when it comes to election [day] we will have electricity because there will be no work [on that day]. But we should expect that from now all the way to the rainy season we will have brownouts,� he said.

BERNADETTE E. TAMAYO

Q LETTER FROM A1

AN OPEN LETTER Dear President Xi: Our apprehension in writing a letter to a great leader such as you is overshadowed by the anxiety over the alarming dispute happening today in the South China Sea between your country and ours. With your kind indulgence, Mr. President, we decided to make this an open “letter of appeal and humble suggestion� for the whole world to see and comprehend a situation which needs its attention, and hopefully awaken the inherent divine spark of humanity and kindness in the heart of both contending parties and avoid further emotional nationalistic outbursts which can only end in violence and regret.

History tells us that the unwanted onslaught of Western colonialists in our region, China especially, made us swallow the bitter pill of foreign domination. The Japanese invasion of your country (who can forget the “Rape of Nanking�) plus the “white Europeans’ ambition to subjugate and own China� were lessons in the folly of meekness and blind acceptance of Western hegemony. Time healed THE WOUNDS INlICTED BY "RITISH

Portuguese and French superior forces on Chinese sovereignty in the past. Our country and our Southeast Asian neighbors such as Vietnam, Indonesia and Malaysia and all the Asean countries which surround South China Sea also suffered foreign invasion and the loss of thousands of lives, in our case by Spain, France and Holland.

Your Excellency, as blood brothers, we both realize the

need for unity in a world once dominated by Western colonialists who now seem to behold with resentment and suspicion an Asian economic boom exemPLIkED BY #HINA THE gSLEEPING GIANTu WHO HAS kNALLY AWAKENED one we wish to see, not as a giant monster but as a kindly giant leader of her neighbors along the South China Sea, who shall emulate her capacity for hard work, honest labor and respect for other people. The noble spirit of our ancestors rejoice because our generation observes with reverence their golden admonition that “the fruits of the tree you plant is sweeter when shared with your neighbor.�

The great Chinese visionary and leader Mao Zedong, from the caves of Yan’nan to Renmin Dahuitang, the Great Hall of the People, and later Deng Xiaopeng with his great mind recognized at Zhongnanhai have inspired millions; they were the purveyors of the economic miracle of China under your inspired leadership. Without fear of contradiction, the people of Southeast Asia today ardently wish to see you, Mr. President, not only as the leader of the “Awakened Giant� but as the well-loved “Benevolent Leader of Asia� and eventually — like the great Emperor Qin who UNIkED *IUZHOU NOW #HINA MORE than 2,000 years ago — the “Great 5NIkER OF THE 7ORLD u Maraming salamat po at Mabuhay!

government to provide building materials to affected homeowners.

The company will deliver 20,000 galvanized iron sheets and 20,000 plywood panels to the towns of Guagua, Porac and Lubao at the request of House Speaker and Pampanga Rep. Gloria Macapagal Arroyo and Gov. Lilia Pineda. “We feel that this assistance is most critical. It is absolutely imperative that we provide shelter for these 1,000 families that lost their homes in the earthquake,� Ayala Chairman and Chief Executive OfkCER *AIME !UGUSTO :OBEL DE !YALA

was quoted as saying. “Ayala continues to support ongoing relief operations, and our resources are available for anything that Pampanga’s community may need,� he added.

Subsidiaries Ayala Land Inc., Manila Water Company Inc. and Globe Telecom Inc., are also providing assistance to emergency response and safety teams, and are also helping with road clearing operations and the provision of water supplies and cell sites on wheels for affected residents.

WITH A REPORT FROM ANGELICA BALLESTEROS

Very respectfully, Former Sen. Eddie llarde P0 Box 107, Makati City 1222, Philippines

Q ASKED FROM A1

The Manila Times managing editor asked to resign plant fake news, “manipulate public emotion, touch base with the Leftist organizations, enlist the support of the police and the military, then go for the ‘kill.’�

Media entities tagged in the supposed plot have denied the allegations.

The article was backed by MalacaĂąang.

Palace spokesman Salvador Panelo earlier said the matrix was based on intelligence information gathered by a foreign country, and has been validated.

Salvosa, a journalism professor at the University of Santo Tomas, has questioned the story on Facebook, saying “[a] diagram is by no means an evidence of ‘destabiliza-

tion’ or an ‘ouster plot.’�

(E CONkRMED THAT HE WAS ASKED

by The Times to step down. “I felt it was time to go after the publication of the ‘matrix’ story. I posted about my thoughts on the story and the owners were displeased. I was asked to resign but told them, I was planning to quit anyway,� Salvosa said.

But the younger Ang noted that The Manila Times “has a longstanding open-door policy that allows any employee to contact or visit our Chairman Emeritus, especially on editorial matters.� “He did not object to the story of our Chairman Emeritus, nor did the former managing editor suggest ways of rewriting or handling the piece,� he said. “He (Salvosa) was merely told

that copyediting of the story was no longer required as that was done by the editor in chief,� the Times president added.

The younger Ang also vouched for the veracity of the matrix, saying $UTERTE S OFkCE ITSELF PROVIDED THE information to The Manila Times. “The Manila Times stands by our ‘matrix’ piece, which is a story in itself. As was explained to Mr. Salvosa, our Chairman Emeritus had a credIBLE SOURCE ‡ NO LESS THAN THE /FkCE of the President of the Philippines.

Mr. Salvosa was also informed that our Chairman Emeritus did his own background check, using several sources, before submitting his draft for editing. There was also an effort to solicit a reaction from at least one

of the names mentioned, but that could not be secured as of press time on Sunday,� he explained. “Lastly, the oust-plot story was not a PR (press release) piece. It was a legitimate news item. Dr. Ang’s appointment as special enVOY HAS NO LINE ITEM OR OFkCE IN the government or remuneration of any kind. He was simply acting on his journalistic instincts having been given an opportunity to write a legitimate story, THAT WAS LATER CONkRMED BY THE Palace,�Ang said.

Sought for comment, Salvosa said, “Their statement stands for itself, let the readers judge it.�

For the full statement, log on to www.manilatimes.net

News

˜ The Manila Times w w w.manilatimes.net

200,000 JOBS UP FOR GRABS MORE than 200,000 job opportunities will be up for grabs in various job fairs across the country as part of the Labor Day celebration, according to the Department of Labor and Employment (DOLE).

At the same time, Labor Secretary Silvestre Bello 3rd said on Thursday that the first DoLE-OFW hospital would soon rise in San Fernando, Pampanga. The groundbreaking ceremony was set for May 1. “This is the Duterte administration’s gift to the overseas Filipino workers and the entire Filipino workers in general,� he added.

According to Bello, the OFW hospital, which will be financed by donors of the Overseas Workers Welfare Administration (OWWA), would be supervised by the Department of Health.

During the groundbreaking rites, OWWA would give livelihood package worth P20,000 to 100 OFWs under its Balik Pinas, Balik Hanapbuhay Program.

The Labor Day job and business fair would be held in 29 locations across the country and will be participated in by more than 1,500 employers.

Director Dominique Tutay, head of the DOLE’s Bureau of Local Employment, said the number of participating employers and job offers is expected to rise.  The main venue of the job and business fair is at the Kingborough International Convention Center in San Fernando, Pampanga where an initial of 150 employers (130 local and 20 overseas placement agencies) will participate.

Tutay said that majority of the local job opportunities were in the field of construction under the Build, Build, Build program of the government. Overseas placement for skilled professionals, including English teachers, will be opened.

She said learning sessions on topics such as Philippine Qualifications Framework, How to Start a Business and skills demonstration from the Technical Education and Skills Development Authority would also be held.

Training scholarships would be raffled off to participants. Â The National Reintegration Center for OFWS and the Bureau of Workers with Special Concerns will also conduct livelihood seminar for interested job seekers, while the Philippine Overseas Employment Administration will hod pre-employment orientation.

In the National Capital Region, the Labor Day job and business fairs will be held at the Ayala Mall South Park, Muntinlupa City; Vista Mall, Tuktukan, Taguig City; and City Social Hall and Sports Complex, Paraùaque City.

In other parts of Luzon, job fairs will be held in Baguio City High School – Main Campus Magic Mall, Urdaneta City, Pangasinan; Robinsons Ilocos Norte Activity Center, San Nicolas, Ilocos Norte; Pangasinan PESO Compound, Lingayen, Pangasinan; Cagayan Coliseum, Tuguegarao City, Cagayan; Provincial Government of Bulacan (April 30); Provincial Government of Nueva Ecija and Bocaue, Bulacan (May 2).  WILLIAM B. DEPASUPIL

Telecommuting Act Dear PAO, I just want to know if there is a law that acknowledges working arrangements where an employee in the private sector is allowed to work outside his/her workplace such as his/her home.

Tam Dear Tam, Section 4 of Republic DEAR PAO Act No. 111 6 5 , PERSIDA otherwise ACOSTA known as the “Telecommuting Act,� which provides: “Sec. 4. Telecommuting Program — An employer in the private sector may offer a telecommuting program to its employees on a voluntary bases, and upon such terms and conditions shall not be less than the minimum labor standards set by law, and shall include compensable work hours, minimum number of work hours, overtime, rest days, and entitlement to leave benefits. In all cases, the employer shall provide the telecommuting employee with relevant written information in order to adequately apprise the individual of the terms and conditions of the telecommuting program, and the responsibilities of the employee.�

Under Section 3 of the same act, “telecommuting� refers to a “work arrangement that allows an employee in the private sector to work from an alternative workplace with the use of telecommunication and/or computer technologies.�

Clearly, the Telecommuting Act recognizes work arrangements that allow the employee to work in alternative workplace with the use of telecommunication and/or computer technologies and even prescribed regulations that would ensure that those who work with Telecommuting Programs are well protected under the law.

This opinion is solely based on the facts you have narrated and our appreciation of the same. The opinion may vary when the facts are changed or further elaborated. We hope that we were able to enlighten you on the matter.

Editor’s note: Dear PAO is a daily column of the 0UBLIC !TTORNEY S /FkCE 1UESTIONS FOR #HIEF !COSTA may be sent to dearpao@manilatimes.net

FRIDAY April 26, 2019

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‘PH stand vs Canada trash non-negotiable’ M

BY CATHERINE S. VALENTE

ALACAĂ‘ANG on Thursday maintained that the Philippine government’s stand for Canada to take back the trash illegally shipped to the country was “non-negotiable.â€?

Palace spokesman Salvador Panelo made the statement as he warned Canada that it would risk its decades-old diplomatic ties with the Philippines if it failed to recover its garbage from the country. “Our stand against its making our country a garbage bin of their waste is non-negotiable. It cannot dilly dally on its getting them back,� Panelo said in a statement. “The 70 years of diplomatic relations between the two countries will be put to naught if Canada will not act WITH DISPATCH AND kNALITY THE RESOLU-

tion of this undiplomatic episode to which we take outrage,� he added. /N 7EDNESDAY #ANADA AFkRMED its commitment to work with the Philippine government over the garbage problem after President Rodrigo Duterte threatened to declare war over the issue. “A joint technical working group, CONSISTING OF OFkCIALS FROM BOTH COUNtries, is examining the full spectrum of issues related to the removal of the waste with a view to a timely resolution,� the Canadian Embassy said in a statement.

Panelo said the Palace recognized Canada’s “quick but vague statement� on the issue but noted that it has not “taken any decisive action on this arrant hostile demeanor, it has not likewise expressed regrets thereto.� “We take note that its response is not appropriate to the strong statement we made against its throwing its garbage to our land,� he said.

"UT THE 0ALACE OFkCIAL SAID #ANADA S inaction of not taking the trash back six years after it was sent to the Philippine was “offensive.� “Its offensive act cannot be countenanced and any further discussion on the matter is unwelcome and unnecessary,� Panelo said. “That it even considered performing such outlandish disposal of its garbage to an ally is dangerously disruptive of our bilateral relations,� he added. $UTERTE IN A SITUATION BRIEkNG IN 0AMpanga after the magnitude 6.1-quake that hit parts of Luzon on Tuesday,

threatened to declare war on Canada if it would not take its trash back. “I want a boat prepared. I’ll give a warning to Canada maybe next week that they better pull that thing out or I will set sail doon sa Canada, ibuhos ko ‘yang basura nila doon (in Canada to bring back their trash),� Duterte said. “I cannot understand why they are making us a dumpsite, and that is not the only case on point. They keep on dumping their trash on us. Well, not this time. I’ll declare a war. We’ll wage a war against Canada. We’ll declare war against them, we can defeat them,� he added.

In 2013, the Philippines found that #HRONIC )NC A PRIVATE kRM IN /NTARIO

shipped 103 container vans of garbage mislabeled as “recyclable plastic materials� to Manila. The shipment was consigned to Philippine company Chronic Plastics.

The Basel Convention prohibits the trade of toxic and hazardous wastes, unless a country consents to it.

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Opinion

FRIDAY April 26, 2019

˜ The Manila Times w w w.manilatimes.net

E d i to r i a l Foreign-funded media outfits as ‘foreign agents’

S

INCE it was The Manila Times which broke the story about a “matrix� of an alleged oust-Duterte plot, it behooves us to pursue the serious public policy issues raised by this sensational story.

Our columnist, former ambassador Rigoberto Tiglao, raised a very important point when he reported that media OUTkTS NAMED IN THE MATRIX ARE 53 FUNDED MEDIA ORGANIZATIONS 4HEY ANSWER TO NO ONE BUT THEIR FOREIGN kNANCIERS

and will probably not survive a day without this foreign aid.

This is important because the Philippine Constitution absolutely bans foreign interests in the Philippine media industry.

As a media organization that complies with that mandate to the letter, The Times believes it is only right and fair that organizations that posture as media or media watchdogs among US SHOULD BE HELD TO ACCOUNT ON THEIR FOREIGN kNANCING The issue of conspiracy to overthrow our government as alleged by the published “matrix� should be subjected to investigation by the proper authorities. )T IS ALSO NOTABLE THAT THE MEDIA OUTkTS NAMED IN THE MATRIX happen to be online-only media operations. They do not publish any printed newspaper or a periodical regularly. They do not report or comment on news and events regularly like a regular news media organization.

The Times, of course, has its own digital edition. But we SIGNIkCANTLY HAVE PUT OUT A PRINT EDITION OF THE PAPER EVERYDAY for decades, produced by a full complement and organization of editors, reporters and workers who collaborate to produce and market the Times every day.

All that Rappler, the Philippine Center for Investigative Journalism, Center for Media Freedom and Responsibility, and VERA Files have to show are their websites or blog sites.

This leads us to the question how public policy should adDRESS THE PROBLEM POSED BY 53 FUNDED MEDIA OUTkTS )N THIS regard, it is relevant to refer to the way Russia and the United States have respectively addressed the presence of foreignfunded media organizations in their respective territories.

In Moscow last year, Russian President Vladimir Putin signed into law measures allowing authorities to list foreign media outlets as “foreign agents,� in response to what Moscow said was unacceptable US pressure on Russian media.

As reported by Reuters, the new law was rushed through both the Russian houses of parliament. It allows Moscow to force foreign media to brand news they provide to Russians as the work of “foreign agents� and to disclose their funding sources.

Russia’s move against US-funded media is part of the fallout from allegations in the US that Russia interfered in the 2016 US presidential election in favor of Donald Trump.

US intelligence officials have accused the Kremlin of using Russian media organizations it finances to influence US voters, and Washington has since required Russian state broadcaster RT to register a US-based affiliate company as a “foreign agent.� The US has long had a registration law for foreign agents.

The Russian Ministry of Justice has published a list of nine USbacked news outlets that it said could be affected by the changes.

We submit that it is also time for the Philippines to require FOREIGN FUNDED MEDIA OUTkTS TO REGISTER AS FOREIGN AGENTS AND report their funding sources.

The policy objective is to draw a clear line between media services designed to assist and advance democracy and constitutional government in the country, and media services designed to intervene in our affairs and promote regime change in the country.

The nation must ask itself whether it should continue to permit such naked foreign intrusion in its national life, or it should not. ~

FRIDAY April 26, 2019

The Manila Times

VOLUME 120 NUMBER 195

DANTE A. ANG, Chairman Emeritus RENE Q. BAS, Publisher Emeritus NERILYN A. TENORIO, Publisher-Editor ARNOLD E. BELLEZA, Executive Editor LEENA C. CHUA, News Editor LYNETTE O. LUNA, National Editor TESSA MAURICIO-ARRIOLA, Lifestyle Editor PERRY GIL S. MALLARI, Sports Editor DINO RAY V. DIRECTO 3RD, Motoring Editor CONRAD M. CARIĂ‘O, Special Sections Editor LEA MANTO-BELTRAN, Supplements Editor ALVIN I. DACANAY, Assistant Business Editor MARIO F. FETALINO, Assistant Business Editor REMIA B. EUGENIO, Deskman (Regions) MARISHELLE R. MEDINA, Deskman JOMAR CANLAS, Chief of Reporters RENE H. DILAN, Chief Photographer DANTE F. M. ANG 2ND, President and CEO BLANCA C. MERCADO, #HIEF /PERATING /FkCER RODA A. ZABAT, Advertising Director VICENTE P. CRUZ, JR., Circulation Director DENISE O. CALNEA, Marketing Communications and Services Director Telephone All Departments: 524-5665 to 66; Subscription: 524-5664 Local 222 Advertising: 524-5664 Local 121 Telefax: 310-5895 or e-mail advertising@manilatimes.net XXX NBOJMBUJNFT OFU t F NBJM OFXTEFTL!NBOJMBUJNFT OFU Letters to the Editor THE MANILA TIMES is published daily at 2/F Sitio Grande, 409 A. Soriano Avenue, Intramuros, Manila 1002 The owners, managers, publishers and editors do not necessarily share the opinions expressed and the statements made by individual authors of columns, commentaries and other articles published in The Manila Times.

F

Calamitous irredentism and lebensraum

OR full disclosure, if my memory is true, my 1967-1968 Harvard Law full scholarship was funded by the Ford Foundation.

-Y kRST MEMORY OF Kanos were of GIs 10 feet tall, giving me more choclits than I could use, singing “You are my sunshine‌â€? The Times introduced me to the New York Yankees in my Makati Elementary school days with the riveting columns of Red Smith (and in caging, the elegant NCAA reports of Tony Siddayao). Still, I want the Kanos and the Chinese to leave us alone. Meeting China halfway — Digong’s reported formula — sounds exorbitant, even extortionate, an appeasement of China’s Hitler. Xi’s irredentism reminds me of Hitler’s lebensraum.

Assume that PNoy left a mess by going to arbitration. But surely the legal way cannot be wrong. Isn’t it up to his successor to clean up the mess, if that? Instead, we appease the regional super-bully which doesn’t honor agreements (the 2012 mutual agreement to withdraw from the disputed area). Talaga pong mga makong at magulang yata.

T.G.I.F. RENE SAGUISAG I know Sheila Coronel, Malou Mangahas and Ellen Tordesillas, having been in the trenches with them during the dark years. Maria Ressa I may know only from afar. They are pros in this age where ownership matters less as we watch CNN, BBC, etc. all the time. More speech, not less. To silence dissent would be calamitous.

Last Monday, calamity; where we worked in Palanan, Makati, started shaking violently. Then a brownout.

Metro Manila might not have been really badly damaged but elsewhere, far worse. Then, the next day, Eastern Visayas. It is another unifying fear, of the Big One. (BTW, “[a]n earthquake shoved the 1989 World Series to the periphery of the nation’s attention,�

George F. Will wrote in Men at Work : The Craft of Baseball, a gift that another true pro, Pocholo Romualdez, kindly gave me.)

The fear of China has provided a unifying grievance for the people which the Palace may not ignore.

Thus, the new macho stance assumed by Digong. But, after the elections, what? Return to walanaman-po-tayong-magagawa pusillanimity? The Viets and Malaysia, may magagawa po? They have guts, moxie or gumption. Back to Chamberlain’s appeasement in the face of an Asian Hitler?

Now, the seemingly aggressive stance on Sabah, to open another front, with Malaysia. In the 1960s, while in law school and years after, I was for pressing our claim to it, as bannered by Prez Macapagal. )N ) lEW TO +OTA +INABALU Mouth-watering virgin forests, lotsaoil, etc. But, by then, Macoy had become passive; no successor has revived the claim of dominion, until now, when Foreign Secretary Ted Locsin resurrected the issue. I applaud his initiative to pull the matter out of the BACK BURNER FOR A DEkNITIVE RESOLUTION But, should what the Sabahans want matter? Were I a Sabahan, and made to determine and choose

between Kuala Lumpur and Manila, which would I pick? I think we should quietly survey how the Sabahans really feel about us in Imperial Manila or Imperial Davao. Do they long, yearn and pine to be governed by us? In short, I now feel that we may not ignore the Sabahans’ preference. Else, it may cost us more than the Mamasapano 44. Are we ready to “pay any price, bear any burden, meet any hardship, oppose any foe, etc?� (JFK) Yup, what are we to do? Digong has to tell us.

What I would also like to know is what government has done to get millions of dollars on the latest success of lawyers Bob Swift, Rod Domingo and Ruben Fruto. Without them, where would the victims and government be? Sila po yata ang nagsaing, pamahalaan po ang kakain? What has government done to get $4 million?

It should tell us.

Absent Bob, how much would the victims and government have received by now from litigation? He has had two previous distributions.

Soon, the third, for the aging, ailing

ÂłSaguisagA5

The Philippines on the archaeological world map AMBIENT W VOICES

ELL and at last, we are in the archaeological equation where we deserve to be with the discovery of an ancient hominid, Homo Luzonensis, at the Callao Caves in PeĂąablanca, Cagayan.

Hominids are descended from apes and moving toward becoming human beings. They take a long journey of millions of years. Homo Luzonensis IS CLASSIkED AS A HOMINID who lived about 67,000 years ago, which makes him older than Tabon -AN FROM 0ALAWAN OUR kRST ANCIENT human. Moreover, Luzonensis seems to have stopped there and did not quite reach homo sapiens, the end of the line — a human being.

In that sense, he is unique.

The controlled excavation led by Armand Salvador Mijares of the UP archaeological studies program with the assistance of French archaeologists, has achieved the appropriate recognition of what has been found through publication in the prestiGIOUS SCIENTIkC JOURNAL Nature.

This milestone is a shot in the arm for Philippine archaeology, which has many possible sites for study but with too little attention and commensurate funding. Also, this is a Philippine contribution to the science and knowledge of human evolution which brings into the picture not only Homo Luzonensis himself but how he got where he was found in the context of our being an archipelago isolated from the Asian continent.

An archeological excavation is a complex operation of digging very carefully layer by layer, deeper and deeper, taking the soil away and sifting it, in case something was missed in the original excavation work. The diggers, if they are hired labor, have to be trained to be careful and patient. The archaeologists

the Calatagan Chinese tradeware SITES AND 0HILIPPINE POTTERY kNDS

the Sta. Ana Church burial site, a site in Cebu City discovered while construction was undertaken, PREHISTORIC GOLD kNDS IN 3URIGAO

even in San Juan, Rizal. Arrochave to be alert and experienced eros Forest Park near the Pasig TO BE ABLE AT THE kRST INSTANCE TO River came up with bits of Chinese recognize an artifact which can tradeware when Manila City Hall be either a bone, a tooth, a shard insisted on putting up a building of a pot, a bead, a tool and the within the park perimeter. It was related components like the pres- not studied as the building was ENCE OF OCHRE TRACES OF kRE ETC a priority. There is too the Pila, It is complex work, takes a lot of Laguna archaeological site where time and sometimes long periods the oldest hearth was discovered. of barrenness. But archaeologists Very recenty in Kiangan, Ifugao, persist if they sense signs, however a site yielded a rhinoceros-type faint, that they are on track. animal that had butcher cuts. In I could be mistaken but I think Batangas, apart from Calatagan, there are only two schools of there is the Lemery (in Barrio Ayao archaeological studies in the Iyao) archaeological site that went country — at the University of all the way from Chinese porcelain the Philippines Diliman and San to Philippine Iron Age pottery to Carlos University in Cebu. Ateneo obsidian and bone tools down de Manila University offered to the Upper Paleolithic with the archaeology studies in the 1970s presence of stone tools. It was clasbut has since discontinued it.

SIkED THEREAFTER AS A FREQUENTATION We need more interest and site where people stopped to make MORE WORK IN THIS kELD FROM THE tools, stay temporarily for huntopportunities that are very vis- ing/gathering, and eventually used ible all over the country. H. Otley as a burial ground near an ancient Beyer, the pioneer archaeology river. It was a controlled excavation practitioner of the Philippines, on an open-air site, not a cave like an American who came during Tabon and now Callao. Disclosure: the American colonial period, has I was part of it as a student of arnotes of potential sites all around chaeological studies at the Ateneo. the archipelago where he visited. Three of us who excavated the site Among them: tektites discovered produced a dissertation titled “The when EDSA, then known as High- Lemery Archaeological Sequence� way 54, was being built; Cagayan which was published by Ateneo. prehistoric animals, including a But then with not enough interest type of dwarf elephant; and some in archaeology, Ateneo discontinued areas of Bulacan, all of them listed its archaeological studies program, in his Outline Review of Philip- leaving it to UP and San Carlos. Let pine Archaeology by Islands and us hope that more schools farther Provinces (1947), a seminal work out in the country will show interest in Philippine archaeology. and we produce more archaeologists In the postwar period came to tackle the many sites that are po-

MA. ISABEL ONGPIN

tential archaeological lodes.

As the National Museum will tell you, there are numerous sites in the country that need archaeological exploration.

In all of the above, except for the Tabon Cave in Palawan, there were no hominid fossils or early human types found. So, Homo Luzonensis is a breakthrough of enormous proportions, particularly for the singularly different hominid type it seems to be. Homo Luzonensis is similar to, though not a copy of, Homo Floriensis, discovered recently on Flores island in the Indonesian archipelago.

Way before, at the end of the 19th century, Java Man was discovered near the Solo River in Java, a creature in between modern man and ape. Called Homo Erectus it was thought to be about half a million years old. But others of the same type can go back as far as nearly 2 million years old. They are found in Asia and Africa (Peking Man in China discovered in 1927 with subsequently more examples NEARBY IS CLASSIkED AS Homo Erectus).

An early theory about human EVOLUTION WAS THAT IT kRST APPEARED in Africa and from there went to Europe and further on. But the appearance of equally ancient hominid fossils in Asia would argue for Asia being part of the source of human evolution. With THE kNDS IN 0EKING *AVA &LORES AND now the Callao Caves, the theory needs revision or enlargement.

However the study of human evolution advances, there will be a Philippine chapter with the advent of Homo Luzonensis. That is a solid Philippine contribution to the study of human evolution.

Congratulations to Armand Salvador Mijares and the UP School of Archeological Studies and their French collaborators.

˜ The Manila Times FRIDAY April 26, 2019

w w w.manilatimes.net Q TIGLAO FROM A1

SHOULD PRESIDENT DUTERTE CONFRONT CHINA ON SCS?

Q Alleged ‘Bikoy’ video uploader Rodel Jayme with Yellow personalities. campaigning for Sen. Bam Aquino and for Robredo’s election lawyer, Romulo Macalintal, who had two advertisements in the Metro Balita website. Jayme has proudly posted HIS SELkES WITH SUCH 9ELLOW kGURES as Robredo and Jim Paredes.

To be quite honest, Jayme looks to me to be a sincere believer in the Yellow Cult, one who had easily dived into the huge ocean we call the worldwide web, and offered his skills in that new media for that political group.

The Republic though has to put ITS FOOT DOWN AND kLE CYBERCRIME charges against Jayme in order to teach young people like him a lesson that the freedom of the worldwide web cannot be used to commit a crime, even if for them it would seem to be for a noble cause.

It is an abomination to spread lies in the internet behind the cloak of anonymity, as the Bikoy videos have done. It is in the genre of videos spread in the internet showing masked IS jihadists beheading those who do not share their beliefs.

Such anonymous posts in the internet have been the Yellows’ propaganda weapon of choice, obviously because they know they can’t really argue for the veracity of their claims. It has been the style of anti-Duterte and foreign-funded media entities to resort to versions of such anonymity, when they post articles without any individual authorship other than the collective PCIJ, Rappler, or CMFR. That is not responsible journalism.

The worldwide web has given us access to a tremendous amount of

INFORMATION AT THE TIP OF OUR kNGERS

on a scale never before seen by mankind. It is a powerful democratizing force as it allows even those without kNANCIAL RESOURCES TO COMMUNICATE their views not just to their countrymen but even to the world Sadly, those spreading lies, backed up by oligarchs’ politicians, are using this same worldwide web to spread lies. We have to stop them, and the kRST THING TO DO IS TO CHARGE THEM and see to it that they are jailed. That will end the use of this favorite propaganda weapon of the Yellows.

Email: tiglao.manilatimes@ gmail.com Facebook: Rigoberto Tiglao Twitter: @bobitiglao Order my book at rigobertotiglao. com/debunked

Lost in the cyberworld? The enigmatic Mr. Assange BY JAN LUNDIUS STOCKHOLM/ROME: Trump´s electoral success was preceded by a rise of chauvinistic politics in most of Europe, paired with electoral triumphs of far-right candidates in several other countries. A development accompanied by revelations of corrupt leaders laundering and transferring illegally obtained MONEY AIDED BY kNANCIAL INSTITUTIONS kNDING THE MEANS TO DO SO The world seems to move away from a rule-based order to a state of affairs dominated by might and wealth. World leaders´ private business dealings thrive within a global environment where laws intended to protect human rights are becoming increasingly ineffective. Foreign policies appear to be adapted to private gains and PERSONAL VENDETTAS 'LOBAL kNANcial systems seem to be crafted to facilitate kleptocracy and money laundering, while repression and violence smite whistleblowers and daring journalists. Endeavors supported by propaganda and smear campaigns orchestrated by POLITICAL kNANCIAL CONSULTANTS AND PRIVATE INVESTIGATION kRMS !LL THIS is made possible through complicated schemes using the internet.

Within the boundless ambiance OF CYBERSPACE WE kND 7IKI,EAKS

founded to facilitate the proliferaTION OF CLASSIkED DOCUMENTS REVEALing opaque, often illicit activities.

Julian Assange was, and remains a member of the organization’s ninemember advisory board, making kNAL DECISIONS ABOUT WHICH DOCUments to be published on the site.

Wikileaks´s servers are located in Sweden, nevertheless, this has not hindered Swedish authorities from rejecting Assange´s applications for a working permit.

WikiLeaks publishes information that people in power does not want the multitude to know and thus constitutes a kind of investigative journalism, which is particularly relevant today. An example — in 2016 more than 11 million DOCUMENTS DETAILING kNANCIAL INformation about 214,488 offshore entities were leaked from a PanaMANIAN LAW kRM TO THE 'ERMAN newspaper Sßdeutsche Zeitung.

These documents revealed hidden theft and corruption endemic to several governments. No one could seriously repudiate the correctness of publishing them.

By 2015, WikiLeaks had published more than 10 million documents and was by Assange described as� a giant library of the world’s most persecuted documents.� In 2009, WikiLeaks posted a classified video showing US helicopter crews killing18 people

A5

s

High time those doing Yellow type of web-based black propaganda are jailed That video spread the lie that President Durterte and his children (even his 14-year-old daughter) have been receiving bribe money from illegal drug syndicates. This was obviously a major desperate attempt by the Yellows in the homestretch to the May elections to discredit Duterte, and consequently his senatorial candidates, who are leading in the polls.

Cybercrime authorities have unearthed the fact that the video WAS kRST PUT INTO CYBERSPACE BY a website metrobalita.net, which was closed as soon as this newspaPER EXPOSED THOSE kNDINGS Patriotic netizens and, I am told, the National Bureau of Investigation itself, have concluded after a rigorous research who set up metrobalita.net. The column yesterday of my colleague Sass Rogando Sasot explained in step-by-step detail how this research was done.

The website was by one Rodel Jayme. Who is he?

He’s a Yellow social-media technician, especially in the 2016 elections, with the Mar Roxas-Leni Robredo campaign, and an administrator of the Facebook page set up back in 2015 dedicated to the Yellow Cult called “The Aquino Legacy.� The page has recently been

Opinion

in Iraq, including two Reuters journalists. The same year, WikiLeaks published a quarter of a million diplomatic cables originating from CLASSIkED 53 'OVERNMENT kLES FOLlowed by the publication in 2010 of a trove of secret documents related to the US detention facility in GuantĂĄnamo.

The Empire stroke back. Shortly after the Iraqi videos had been released United States authorities began to investigate Assange, intending to prosecute him under an Espionage Act from 1917. Assange was by then a hero of free speech. WikiLeaks had uncovered indiscriminate killing, hypocrisy, and corruption, as well as being instrumental in sparking the Arab Spring. In 2009, Assange received Amnesty International Media Award for WikiLeaks´s reporting of extrajudicial executions in Kenya. He was being called "The Rockstar of Free Speech."

However, after 2010 rumors surfaced about Assange as being excessively self-asserting, blinded by success and ruling WikiLeaks as his personal kEFDOM &URTHERMORE !SSANGE WAS accused of being biased, curbing anything criticising Russia. Suspicions accentuated during the 2016 US presidential election when WikiLeaks published emails from Hillary Clinton´s private email account, apparently leaked by Russian agents.

Since 2011, Assange had under constant surveillance been isolated in London´s Ecuadorean embassy, living in a small windowless room equipped with a mattress, sunlamp, computer, kitchenette, shower, treadmill and bookshelves. In an adjoining room he received a steady stream of visitors. Assange suffered from the HORRORS OF CONkNEMENT THOUGH until the last few months of his immurement he was, like he had been for most of his life, through his computer connected with the world. He reminded of the Genii of Disney´s "Aladdin," who conkNED TO HIS GOLDEN LAMP STATED �It’s all part of the whole genie gig: Phenomenal cosmic power ‌ itty-bitty living space.�

Whenever Assange was displeased he unloaded his WikiLeaks weapon. When the Ecuadorean president Lenin Moreno during the last year of Assanges´s stay at the London embassy ordered the closing down of his internet connection, Assange threatened to release documents proving that Moreno was guilty of corruption, perjury and money laundering. Assange´s account was reopened, though on 11 April this year he was dragged out of the Ecuadorian embassy.

How had he ended up there?

In August 2010, Assange visited

Sweden to inspect WikiLeaks´s servers. During his stay he was by two women accused of rape and sexual misconduct. Assange was arrested in his absence, after initial questioning he had escaped to London, where he was apprehended. A British court decided to extradite Assange, though by then Ecuador had already granted him political asylum and a safe haven within its embassy.

There may be good reasons for Assange´s fear of being extradited to the US, though that does not exempt him from suspicions of sexual misconduct. The women´s detailed stories about their encounters with Assange and his statements about Sweden as the �Saudi Arabia of Feminism� suggest that tales about his sordid behavior might be true, indicating that the Swedish incident was not the �honeytrap� his defenders claimed it to be. *ULIAN !SSANGE HAD A DIFkCULT childhood, growing up in over 30 Australian small towns before he in his mid-teens settled with his mother in Melbourne. His father left even before Julian was born and since then his mother was involved with several men, among them Leif Meynell, a controversial cult leader. Assange´s schooling was capricious, though since childhood he was a computer wizard and later studied programming, mathematics and physics at the University of Melbourne, though not completing any degree, busying himself with computer-related business. In his teens, Assange married and had a son, but divorced after a few years. Assange´s family life is enigmatic. A former spokesman of WikiLeaks claimed that Assange admitted having �multiple children� with various women. According to police documents he has �at least� four children, though the locations of the children and their mothers are unknown. It appears as if Assange, like many other computer nerds, spends more time in cyberspace than in the real world.

Apparently was Assange´s mistrust of the West fuelled during HIS YEARS OF CONkNEMENT MAKING him increasingly numb to abuses committed by the Kremlin, which he viewed as a �bulwark against Western Imperialism.� The US, Great Britain and Sweden caused him trouble, something Russia never did, it even supported him.

Assange has declared that the US Democratic Party is “whipping up a neo-McCarthyist hysteria about Russia� and defends WikiLeaks´s lenient treatment of Russian offences by stating: “Every man and his dog is criticizing Russia. It’s a

bit boring, isn’t it?� In April 2012, when WikiLeaks’s funding was drying up under American pressure, with Visa and MasterCard refusing to accept donations, the state/controlled network Russia Today began broadcasting a show hosted by Assange through a link from the Ecuadorian embassy. In 2016, Assange criticized the regime-critical Novaya Gazeta’s coverage of the Panama Papers, suggesting it “cherry-picked� documents to achieve �optimal Putin bashing, North Korea bashing, sanctions bashing, etc.�

Should Assange be deported to and convicted in the US? It could be a dangerous stimulus for others to persecute whistleblowers and truth-tellers. Nevertheless, did he not serve Russian interests?

Probably, but that does not affect the truth of and benefits from other WikiLeaks disclosures. Is NOT !SSANGE A lAWED INDIVIDUAL Maybe, and if he committed crimes he ought be judged for them, but not for being a journalist and whistleblower.

What in the eyes of some jurists makes Assange a dubious hero is that his methods might have violated press ethics by supporting criminal activities . When Chelsea Manning in 2009 revealed military secrets to WikiLeaks he was a US soldier, serving as intelligence analyst at an army unit in Iraq.

He was working under oath to maintain secrecy and was accordingly in 2013 convicted for �aiding the enemy.� Legal scholars argued that the relationship between Assange and Manning was that of a journalist and his source, while others maintained that Assange went beyond press ethics by actively helping Manning to crack passwords to gain access to secret military databases.

If guilty or not of crimes committed in Sweden and the US, Assange´s case nevertheless reveals the precariousness of journalism. He was by Trump hailed as a hero when WikiLeaks revealed information supporting his candidacy. However, he might just as well be condemned as a villain by anyone who considers Wikileaks´s information to be damaging. Under all circumstances, as long as corrupt criminals and politicians use cyberspace for transgressions and enrichment, we are in dire need of other visitors to that space; journalists and computer nerds willing to enter it to reveal IPS misdeeds and crimes.

Jan Lundius holds a PhD on History of Religion from Lund University and has served as a development expert, researcher and advisor at SIDA, Unesco, FAO and other international organizations.

PRESIDENT Rodrigo Duterte is leaving for Beijing this week to attend the Belt and Road forum. Former Foreign Secretary Albert del Rosario and his comrades are agitating for the President to raise the issue of Philippine sovereignty over the South China Sea when he meets Chinese President Xi Jinping. Such a proposal only shows the lack the knowledge and tactics in dealing with Beijing. Let us hope that President Duterte will not commit the same mistake which former President Noynoy Aquino and Secretary del Rosario committed in challenging the Chinese government on the South China Sea sovereignty issue instead of engaging in friendly dialogue.

It is a fact that before 2012, the Philippines had been effectively exercising sovereignty over that certain area in South China Sea which we claimed to be our territory. We reclaimed land in Pag-asa Island and other islets in the Kalayaan area. Every month, our navy and coast guards would arrest some Chinese fishermen fishing in the area which we considered as our exclusive economic zone, and towed their boats to Palawan or Zambales. The Chinese fishermen and their fishing boats would be released only after our local courts jailed them and imposed fines. On the other hand, although Beijing also claimed sovereignty over the same area, China did not reclaim any land and had never arrested any single Filipino fisherman during those years. It was only after Secretary del Rosario and President Aquino decided to bring the South China Sea issue to the Permanent Court of Arbitration at The Hague towards the end of 2012 that China started to block Filipino fishermen from fishing in the Panatag (Scarborough) Shoal area. In 2013, China also started massive reclamation of islands in the disputed area. In effect, the Aquino administration had caused our country to lose our sovereignty over the West Philippine Sea as a consequence of Mr. del Rosario’s initiative in going to The Hague.

It was after President Duterte’s visit to Beijing in October 2016 that China promised not to reclaim any more land in the South China Sea, Filipino fishermen could also go back to fish in the Panatag Shoal area without any fear of harassment.

President Duterte had won back Philippine sovereignty by friendly dialogue. Mr. del Rosario should learn from his own sad experience of diplomatic failure and stop giving ill advice and poisonous demands for President Duterte to repeat his mistake of confronting the Chinese government with an antagonistic attitude.

The Chinese government has been following Mao Zedong’s doctrine of “You don’t offend me, I will not offend you; you offend me, I will definitely retaliate.� With friendly talk, issues can be resolved amicably. But if we play hard, Beijing can be harder than we think. China does not recognize the arbitration of The Hague and no one can force Beijing to observe the 2016 decision of the tribunal. It will prove to be futile and even disastrous if President Duterte raises the issue when he visits Beijing this time.

Mr. del Rosario and his group will definitely question the loyalty of this author in writing this article. Allow me to say that I am one of the few Filipinos, and maybe the earliest, to argue face-to-face with a ranking Chinese government official in defending Philippine sovereignty over the South China Sea islands. I believe that I was also instrumental in brokering the deal that ended the Panatag (Scarborough) Shoal stand-off, only to be toppled

by Secretary del Rosario after a few days (please refer to the article “Can we talk to China on West Philippine Sea?" printed in The Manila Times, June 2 to 5, 2016).

Esteban G. PeĂąa Sy Student of Asian Studies Formerly president, UP Asian Center Students' Association Former lecturer, University of the Philippines

Q SAGUISAG FROM A4

Calamitous cash-strapped gross human rights violations victims. A better deal that government dreams of may just be brought to our doorstep, just to lie there and die there, to borrow from the poignant “Mona Lisa� lyrics.

So, we need human rights Voices in the Senate. We don’t need mere Echoes there, the reason why Koko Pimentel, son of Nene, jailed by Macoy four times, should be returned, along with Bam Aquino, son of a fellow Bedan, and Grace Poe, the daughter of a fellow Bedan.

Be ready with codigos, we are advised. Mine, MATH GRAD COPPA, for Macalintal Aquino Taùada Hilbay Gutoc Roxas Alejano Diokno Colmenares (another Bedan) Osmeùa Pimentel Poe Alunan. Too bad one has to be dropped from my codigo of a Baker’s Dozen.

Mar Roxas and PNoy continue to be lambasted for Mamasapano.

I think they should answer only to their conscience and history. Mamasapano, to me, was not a failure but a 75 percent success. Notorious terrorist Marwan, on whose head was at least $5 million, was bagged. I only see it as a failure in that no justice, attention or assistance has been given to slain Sara, 5, and her parents, who were wounded when their home was strafed. By whom? Should be probed.

Silence. Sapagka't sila po ba ay mga Muslim lamang? Like the 20,000 Muslims, et al. killed on Feb. 7-8, 1974 in Jolo by our military? Or the 1,500 slain in September 1974 in a Palimbang mosque, with the women raped, again by our military Forty-four heroes killed? Sad; let’s honor them as truly deserving heroes, but members of Special Forces know the risk. Soldiers get killed regularly elsewhere, with only their loved ones noticing and caring.

No Prez is transformed to perfection by being so elected. They remain as fallible as you and I and should not be punished legally for alleged errors of judgment made in good faith. Else, no Prez is safe for remaining mortal. Yes, he answers only to his conscience and to history.

Did I err and land on the wrong

side of history for scrapping the Bataan nuke plant? I was a key player on it, following Chernobyl in 1986, as Cabinet and Senate committee chair on the matter. The two bodies unanimously endorsed my position.

Were I in error, FVR, Erap, GMA and PNoy could have corrected fallible me. I don’t recall Manong Johnny, an able lawyer, opposing my recommendation in the Cabinet and the 3ENATE $EFENSE 3ECRETARY $ELkN ,Orenzana, not a lawyer, ably disagrees with JPE, citing the Constitution and international pacts.

Indeed, the only perfect official I know is another Bedan, Supreme Court Justice Gregorio Perfecto.

Seriously, a perfect storm may hit us next month if the Otso DiretsoVoices do not do well and only the Echoes get elected.

Is the US afraid of China as Digong taunts? It may well be, but it kGHTS "UT, even more so, are we, or should we be, afraid? Last Tuesday, we bannered “Duterte to China: Let’s meet halfway�— Should it not be 100 percent of what is ours and let the bargaining begin? But, to give up half right off seems to ensure that we’ll end up at the shorter end of the stick of what is 100 percent ours. 'Di po yata namimili si Digong sa Divisoria from the Chinese vendors who cannot even speak Tagalog or English.

There my late wife and her siblings validated that when the going gets tough, the tough go shopping, nickeling-and-diming the tinderas.

All the more do we need the Otso Diretso and like-minded candidates to ask the foolish questions of the day. Not only, “from what lOOR 3IR u ‡ IF TOLD BY $IGONG TO jump out of a high-rise window.

The disasters we are having will be nothing compared to what may happen on May 13, when Digong may become super-executive, super-legislature, super-judiciary and a one-man-continuing-constitutional-convention as the ramparts of democracy fall without a struggle.

Wotta calamity it would be.

He’s having blood tests e ve r y o t h e r d ay ? H m m mm. Would such frequency affect mood and judgment?

We have to ask real doctors.

A6

Opinion

˜ The Manila Times FRIDAY April 26, 2019

w w w.manilatimes.net

Whither ye goest, SHS graduates?

Part 4 – SHS ‘immersion’ for business or work

a to-do checklist and needed documents for pre-immersion, immersion proper and post immersion. Students are expected to ASTER having been gloriattend the pre-immersion orientaously upon us, we proceed tion, prepare and secure necessary to the future walking by the documents, know proper behavior Spirit. We continue our review and secure and accomplish needed and reflections on transitioning through SHS students’ immer- venue. Next 2) appreciating the im- forms and documents.�

Immersion proper â&#x20AC;&#x201C; first sion in the next phase of their portance of credentials â&#x20AC;&#x201D; how to future. Immersion consists of a WRITE A RÂźSUMÂź kLL OUT APPLICATION phase. This phase, allotted six â&#x20AC;&#x153;lecture and laboratoryâ&#x20AC;? where forms, visit the barangay, police hours, begins with â&#x20AC;&#x153;appreciating students learn the academic con- and mayor to secure clearances and management processes by observtent â&#x20AC;&#x201D; undergo both theory and A MEDICAL CERTIkCATE AND LASTLY TO ing, identifying and describing the practice for either work, entre- learn job interview skills. Then, 3) nature of the business, description preneurship or a college degree. discussion of a portfolio in which of the products/services, the target Immersion for business or for students are trained in portfolio- clientele, organizational structure work â&#x20AC;&#x201C; pre-immersion phase. As making and maintaining, what and company rules and regulaprescribed by the Department of the portfolio content is, accom- tions.â&#x20AC;? The teacher â&#x20AC;&#x153;coordinates Education <http://www.deped.gov. plishing forms, having pictures with the organization/establishph/wp-content/uploads/2019/01/ of the worksite and nonwritten ment, monitors the studentsâ&#x20AC;&#x2122; Work-Immersion.pdf (30)> â&#x20AC;&#x153;The output/projects with captions, if progress, when necessary, provides pre-immersion phase, the im- needed, illustrations of activities interventions for students and mersion proper and the post performed, keeping a weekly di- does general supervision of the immersion phaseâ&#x20AC;? constitute the ary (which is a narrative/account students.â&#x20AC;? Students â&#x20AC;&#x153;report to Immersion subject. â&#x20AC;&#x153;The pre- of learnings/achievements, issues the company based on agreed immersion phase requires from 4 faced and corresponding resolu- timeframe, receive orientation to 6 hours, training students in 1) tions), examining a sample written from the company/establishment understanding what â&#x20AC;&#x153;workâ&#x20AC;? is â&#x20AC;&#x201D; output, review of work immersion on the nature of the business, departicularly on expected behavior highlights, acquiring other rel- scription of the product/ services, in a job such as work ethics, work- evant pictures/documents, instruc- target clientele, organizational place safety, workplace rights and tions on when to update content, structure, and rules and regulaRESPONSIBILITIES CONkDENTIALITY IN portfolio packaging and its presen- tions, participate in the activities THE WORKPLACE EFFECTIVE CONlICT tation at the end of work immer- OF THE DIFFERENT OFkCES RESPONSIBLE resolution and teamwork skills, sion. In this pre-immersion phase, for the areas mentioned above work immersion rules and regula- the teacher guides the students in and prepare a report on the activitions and the terms and conditions securing and accomplishing forms, ties performed. Expected Learner of the MOAâ&#x20AC;? with the Immersion validates these forms and provides Output is a written narrative on

E

FLASHBACKS/ INSIGHTS

TERESITA TANHUECOTUMAPON

the company/business establishMENT PROkLE MAY CONTAIN CHARTS

photos/illustrations), written report on the activities performed, the supervisorâ&#x20AC;&#x2122;s rating and the organizational chart.â&#x20AC;?

Immersion proper â&#x20AC;&#x201C; second phase. Allotted six hours, this phase begins with â&#x20AC;&#x153;Appreciating business processes by observing and participating in safety/ production/maintenance/quality control/quality assurance/customer satisfaction/housekeeping/ hygiene and others.â&#x20AC;? The teacher â&#x20AC;&#x153;coordinates with the organization/establishment, monitors the studentsâ&#x20AC;&#x2122; progress, if necessary, provides interventions for students, and general supervision to the students.â&#x20AC;? Students â&#x20AC;&#x153;report to the company based on agreed time-frame, receive orientation on the different processes of the business establishment such as: safety, production, maintenance, quality control/quality assurance, customer care, housekeeping, and hygiene, participates in the activiTIES OF THE DIFFERENT OFkCES AND LINE department responsible for the processes mentioned above and prepare a report documenting the activities performed.â&#x20AC;? Expected Learner Output are â&#x20AC;&#x153;a written narrative on the business processes of the company/establishment (may contain charts, photos or

illustrations), a written report on the activities performed, the supervisorâ&#x20AC;&#x2122;s rating and the business PROCESS lOW CHART u Immersion proper â&#x20AC;&#x201C; third phase. Sixty or more hours are allotted to â&#x20AC;&#x153;applying skills and values learned in school.â&#x20AC;?

The teacher â&#x20AC;&#x153;coordinates with the business organization/ establishment, monitors the studentsâ&#x20AC;&#x2122; progress and if necessary, provides interventions for students.â&#x20AC;? Students perform â&#x20AC;&#x153;hands-on activities related to the skill acquired in chosen field of specialization, and other required tasks based on the agreement, render reports to the teacher and the industry supervisor for immersion, and record the daily tasks performed.â&#x20AC;? Expected Learner Output are â&#x20AC;&#x153;daily tasks record, supervisorâ&#x20AC;&#x2122;s rating, written narrative of what was learned and photos/illustrations.â&#x20AC;?

Post immersion phase â&#x20AC;&#x201C; â&#x20AC;&#x153;Evaluating the work immersion experienceâ&#x20AC;? as last phase requires students â&#x20AC;&#x153;to submit a portfolio with weekly diary entries, compare and contrast school and work application of skill, knowledge, and attitudes, a written updated rĂŠsumĂŠ AND RElECTION ON THEIR WORK IMmersion experiences.â&#x20AC;? The teacher â&#x20AC;&#x153;guides the students in presenting

and discussing their portfolio, organizes an exhibit displaying photos/illustrations of student activities/projects done, evaluates the organization/establishment that provided the Immersion venue, guides the student in updatING ONE S RÂźSUMÂź AND IN RElECTING about the work immersion experience.â&#x20AC;? Students present their own portfolio, â&#x20AC;&#x153;discuss their own work Immersion experience and relate its importance to their respective specialization, participate in the teacher-organized exhibit, write an updated rĂŠsumĂŠ taking into consideration experience while in the work immersion venue and relECT ON THEIR OWN WORK IMMERSION experience.â&#x20AC;? Expected Learner Output are â&#x20AC;&#x153;a portfolio with accomplished forms, pictures of work-site and nonwritten output/projects with captions, illustrations of activities performed (as needed), weekly diary (narrative/account of learnings/achievements, issues faced and corresponding resolutions), sample written output (if any), work immersion highlights, other relevant pictures/documents, with gallery, updated rĂŠsumĂŠ and RElECTION PAPER u

Next week: Academic and non-TVL tracks SHS immersion Email: ttumapon@liceo.edu.ph

Forging a brighter new Golden Age for PH-China ties America must break out of its â&#x20AC;&#x2DC;terrorism fatigueâ&#x20AC;&#x2122;

Remarks by Chinese Charge dâ&#x20AC;&#x2122;affaires a.i.Tan Qingsheng at the Boao Forum for Asia Manila Conference, Shangri-La at the Fort, April 23, 2019.

T

HE Boao Forum for Asia is one of the most renowned high-level dialogue platforms for Asia and the world at large.

Since its inception in 2001, the Forum has dedicated itself to meaningful discussions on the most pressing issues in the region and beyond and has put forth valuable â&#x20AC;&#x153;Boao Proposals.â&#x20AC;? I am very happy to see that for this year, the forum has selected the Philippines, one of the countries which have pioneered this very idea of the Boao Forum. Todayâ&#x20AC;&#x2122;s conference, with the theme of â&#x20AC;&#x153;Concerted Actions for Common Development in the New Era,â&#x20AC;? provides us a very good opportunity to share our views on how to achieve the goal of common development in the new era.

Asia has been an engine house in ensuring global economic recovery and development in the past several decades. Asia now contributes more than 60 percent of the annual global economic growth. Twenty-one of the worldâ&#x20AC;&#x2122;s 30 largest cities are in Asia. And Asia is widely expected to be home to half of the worldâ&#x20AC;&#x2122;s middle-class population very soon.

However, it cannot be ignored that we are also facing a lot of challenges. Most Asian countries are still developing, and we have a larger impoverished population than other regions. The infrastructure of our region is still lagging far behind. The surging trends of anti-globalization, protectionism and unilateralism are threatening the regionâ&#x20AC;&#x2122;s integration and development as well. It is high time that we, as Asian countries, must demonstrate our determination and work together to achieve common prosperity for all.

This year marks the 70th founding anniversary of the Peopleâ&#x20AC;&#x2122;s Republic of China. Over the past seven decades, China has made tremendous achievements in economic and social development. Since its reform and opening-up four decades ago, China has maintained an average annual growth rate of 9.5 percent. Today, Chinaâ&#x20AC;&#x2122;s GDP stands at $12 trillion, increasing 33.5 times in real terms and accounting for 15 percent of the worldâ&#x20AC;&#x2122;s total. It is the worldâ&#x20AC;&#x2122;s second largest economy with the biggest foreign exchange reserves.

In 40 years, China has lifted more than 700 million people out of poverty, contributing more than

countries in Asia, and a natural partner in jointly building the BRI. Under the strategic guidance Why China? of our two leaders, China-Philippines relations have entered The whole world is asking the a golden age with political and same question, why China? security coordination, economic There are numerous explana- cooperation and people-to-peotions and theories. However, in ple exchanges, the three major my personal opinion, two factors pillars of our bilateral relations ARE VERY IMPORTANT 4HE kRST ONE have been greatly strengthened. is that China is committed to Last November, Chinese Presipeace and stability. A peaceful dent Xi Jinping successfully paid and stable environment is the HIS kRST STATE VISIT TO THE 0HILIPprecondition for economic and pines and elevated our relationship social development. Research into one that is of comprehensive has shown that in the past four strategic cooperation. The two decades, China has never waged leaders witnessed the exchange of any war against any other coun- 29 documents covering functional try, we have never toppled any COOPERATION IN VARIOUS kELDS INgovernment or bombarded any cluding the MOU on Belt and Road other country. On the contrary, initiative cooperation. In a few the other big power has engaged days, President Duterte will lead a in at least 19 military campaigns high-level delegation to attend the and spent hundreds of billions second Belt and Road Forum for Inof dollars on warfare. ternational Cooperation and hold Secondly, China is committed bilateral meetings with Chinese to common development. Devel- leaders. We have every reason to opment can never be achieved believe that this visit will not only through unilateralism and isola- strengthen the synergies between tion. It is not and will never be the Belt and Road initiative and the an option for China. In the early "Build, Build, Build" program, but stages of Chinaâ&#x20AC;&#x2122;s development, also upgrade our bilateral coopera#HINA HAS BENEkTED GREATLY FROM tion to a new high. opening its economy to foreign technology, investment and trade. â&#x20AC;&#x2DC;No hidden agendaâ&#x20AC;&#x2122; As our economic strength grows, we are also ready to make The development of bilateral reour contribution to the integra- lations has brought tangible ecotion and development of the NOMIC BENEkTS TO OUR PEOPLES region. In 2013, Chinese Presi- Bilateral trade volume in 2018 dent Xi Jinping proposed the Belt reached $55.7 billion, with an and Road Initiative (BRI), which 8.5 percent year-on-year increase. has become one of the most China is now the Philippinesâ&#x20AC;&#x2122; top important regional platforms for trading partner, the largest source cooperation. So far, a total of 126 of imports and the fourth largest countries and 29 international export market. We have imported organizations have signed BRI more than $2 billion worth of cooperation documents with tropical fruits from the PhilipChina. In the past six years, pines over the past two years. Last the total trade volume between year, we imported more than one China and countries participat- million metric tons of bananas ing in the BRI has exceeded $6 and became the number one trillion, and Chinaâ&#x20AC;&#x2122;s investment market for Philippine bananas, has grown to over $80 billion and claiming the spot that Japan had around 300,000 jobs have been held for over 30 years.

Funded by Chinaâ&#x20AC;&#x2122;s grants or created in the countries involved.

The latest studies by the World soft loans, a number of major Bank and other international insti- infrastructure projects are continututions suggest that the BRI coopera- ously making headway. Among tion will cut the costs of global trade others, the two drug-rehab centers by 1.1 to 2.2 percent and contribute in Mindanao have been completed at least 0.1 percent of global growth and turned over to the Philippine in 2019. It is also worth mention- side ahead of schedule, which proing that the second Belt and Road vided about 800 job opportunities Forum for International Coopera- for locals and will cater to at least tion will commence in two days in 300 patients. We are also buildBeijing. Around 40 heads of state ing13 schools in Davao City. The and of government and representa- two bridges over the Pasig River tives from 150 countries around in Manila are under construction the world will join the forum. The AND WILL GREATLY EASE TRAFkC JAMS IN forum is bound to inject new impe- that area. The Chico River Pump tus to the common development of Irrigation Project is expected to deliver water to 8,700 hectares of our region and the world at large.

The Philippines is one of the RICE LANDS AND BENEkT FARMmost important developing ers of 22 barangays. Once com-

70 percent to the worldâ&#x20AC;&#x2122;s total poverty reduction.

pleted, the New Centennial Water Source-Kaliwa Dam could provide at least 600 million liters of water per day for Metro Manila which could meet its water demand in the next 10 years. The Philippine National Railwayâ&#x20AC;&#x2122;s South Long Haul will largely improve transportation infrastructure which will span more than 10 cities and towns connecting Manila to South Luzon and will greatly reduce travel time between Manila and Legazpi.

People-to-people exchanges have been continuously thriving. Last year, there were 1.2 million Chinese tourists visiting the Philippines. With a 29.6 percent yearly increase, China is now the second largest tourist origin of the Philippines. Every week nowadays, more than 300 lIGHTS ARE SHUTTLING BETWEEN THE cities of our two countries. We are expecting more than 1.5 million Chinese tourists to come to the Philippines this year, which will create revenue of more than P32 billion of for the local economy.

We are also implementing the MOU for Filipino teachers of the English language to work in China this coming September.

One thing I would like to emphasize here is that China has no hidden agenda or strings attached to the cooperation and support for the Philippines. The so-called â&#x20AC;&#x153;China debt trapâ&#x20AC;? accusation is completely groundless. According to the statistics disclosed by the central bank of the Philippines, loans from China only account for a mere 0.65 percent of the Philippinesâ&#x20AC;&#x2122; total debt. Even if THE PLANNED kNANCING IS IMPLEMENTED THE kGURE WILL ONLY BE around 4.5 percent by 2022. If we compare the interest rates in US dollar terms, the interest rate of Chinese loans is actually very similar or even lower than that of other countries. Aside from that, ChinaPhilippines economic cooperation will definitely create more job opportunities for Filipinos. Itâ&#x20AC;&#x2122;s more cost-effective for Chinese companies to hire local workers than Chinese workers. According to the latest statistics, about 50 large-scale Chinese companies based in the Philippines have employed more than 16,000 Filipinos so far, and the number is expected to increase in the coming years.

As an ancient Chinese poem goes, â&#x20AC;&#x153;The river is wide at full tide; a strong wind sends the sail surging forward.â&#x20AC;? China-Philippines relations have embarked on an upward trajectory and are facing major opportunities for growth. Let us join hands and make concerted efforts to forge an ever brighter New Golden Age for our bilateral ties.

WASHINGTON: One disturbing aspect of the Easter Sunday bombings in Sri Lanka was that the slaughter of 321 victims came at a time when America is suffering what might be described as â&#x20AC;&#x153;terrorism fatigue.â&#x20AC;?

The wars against al-Qaida and the Islamic State are part of a painful past that policymakers and the public want to escape. Those Middle East CONlICTS WERE COSTLY AND DISTRACTING They didnâ&#x20AC;&#x2122;t produce many tangible gains, other than killing terrorists.

Sept. 11, 2001, feels like it happened a long time ago, and many politicians want to move on.

But the networks of violent extremists are still there, stretching to places most of us probably hadnâ&#x20AC;&#x2122;t even imagined, like Sri Lanka. The bombings there of churches and other sites were allegedly staged by two obscure Islamist groups, National Thowheed Jamaath and Jammiyathul Millathu Ibrahim â&#x20AC;&#x201D; with the Islamic State claiming that it also played a role.

Terrorism is metastasizing in other ways, as militant white nationalists join the melee. Brenton Harrison Tarrant, an Australian extremist, allegedly shot and killed 50 people at two mosques in Christchurch, New Zealand, last month after circulating a manifesto expressing rage at migrants. Hideously, there are signs that the Sri Lankan church bombings may have been an act of revenge for the New Zealand mosque shootings â&#x20AC;&#x201D; in one of those spasms of hatred that are a terroristâ&#x20AC;&#x2122;s dream. â&#x20AC;&#x153;Weâ&#x20AC;&#x2122;re seeing the viral spread of the Islamic State, which takes root in fragile environments where people feel disenfranchised and excluded,â&#x20AC;? says Nancy Lindborg, president of the US Institute of Peace. She explains that the Islamic Stateâ&#x20AC;&#x2122;s global network has grown so RAPIDLY OVER THE LAST kVE YEARS THAT IT S bigger now than al-Qaida ever was. â&#x20AC;&#x153;We canâ&#x20AC;&#x2122;t kill our way out of this,â&#x20AC;? Lindborg argues, noting that more repressive security forces in places like Sri Lanka will only make the problem worse.

Lindborg spoke Tuesday at a meeting hosted by her institute to release a new report titled â&#x20AC;&#x153;Preventing Extremism in Fragile States: A New Approach.â&#x20AC;? The gathering was timely, and the conclusions were stark.

America has failed to learn the lesson of September 11, argued Tom Kean, the Republican former governor of New Jersey, who was chair of the 9/11 Commission and is co-chair of the new USIP task force. The US took down the leadership of al-Qaida, to be sure, just as it did later against the Islamic State. But the 9/11 Commission had argued for a broader strategy that would attack the underlying causes of terrorism, not just respond militarily, Kean reminded the USIP audience. â&#x20AC;&#x153;Our current focus on counterter-

WASHINGTON POST WRITERS GROUP

DAVID IGNATIUS rorism is necessary, but neither sufkCIENT NOR COST EFFECTIVE u ARGUED THE report prepared by Keanâ&#x20AC;&#x2122;s task force.

The authors reckoned that since 2001, the war on terror has taken 10,000 American lives, injured 50,000 others, and cost the US an estimated total of $5.9 trillion. Even after that immense commitment, the problem continues â&#x20AC;&#x201D; and as the report cautions, the current US approach is â&#x20AC;&#x153;unsustainable.â&#x20AC;?

Whatâ&#x20AC;&#x2122;s the alternative? Unfortunately, itâ&#x20AC;&#x2122;s the slow and unglamorous work of preventing weak states from collapsing to the point that theyâ&#x20AC;&#x2122;re terrorism havens. Itâ&#x20AC;&#x2122;s about building governance and economic development, rather than night raids by Special Operations Forces. Itâ&#x20AC;&#x2122;s about â&#x20AC;&#x153;connecting the dotsâ&#x20AC;? among different intelligence agencies and nations â&#x20AC;&#x201D; something thatâ&#x20AC;&#x2122;s been given lip service, endlessly, since 9/11 but still hasnâ&#x20AC;&#x2122;t been achieved.

Nations, like individual human beings, often seem condemned to make the same mistakes over and over. Thatâ&#x20AC;&#x2122;s certainly true with countering terrorism. Policymakers in the US and allied countries understand intellectually that a safe and stable world requires reasonable governance, a public belief that some sort of rough justice prevails, and enough jobs that adolescent men arenâ&#x20AC;&#x2122;t tempted to join terror groups.

Weâ&#x20AC;&#x2122;re not talking here about imposing democracy or making the Middle East and Africa look like Switzerland. Weâ&#x20AC;&#x2122;re talking the basics â&#x20AC;&#x201D; food, water, access to justice, goodenough governance. The United States canâ&#x20AC;&#x2122;t do this job by itself, even if it tries.

Weâ&#x20AC;&#x2122;ve certainly found that out, but America remains the essential partner.

Yet weâ&#x20AC;&#x2122;re fatigued. These mundane anti-fragility tasks donâ&#x20AC;&#x2122;t win medals for soldiers, or get politicians reelected, or make business executives rich, so they end up at the bottom of the pile. Another problem is that this strategy is led by the State Department, the most underutilized and moneystarved agency of our government.

7E RE HORRIkED WHEN BOMBS RAVAGE places of worship on the other side of the globe. But not enough to do the boring but essential thing that has been staring America in the face for 18 years, which is to slowly help build a world thatâ&#x20AC;&#x2122;s more just, prosperous and stable.

(C) 2019, WASHINGTON POST WRITERS GROUP

Follow David Ignatius on Twitter: @IgnatiusPost.

˜ The Manila Times w w w.manilatimes.net

Regions

FRIDAY April 26, 2019

A7

Aklan mayor fired over Boracay mess

B

BY EUGENE Y. ADIONG

ACOLOD CITY: The Department of the Interior and Local Government (DILG) dismissed from the service Mayor Ciceron Cawaling of Malay, Aklan for negligence over the management of Boracay Island.

On April 23, DILG-6 Regional Director Ariel Iglesia ordered Roy Defiño, DILG-

Aklan director, and DILG-6 Legal Officer Cedric Jaranilla to enforce the dismissal order

signed by Ombudsman Samuel Martires.

The Ombudsman also fired municipal licensing officer Jen Salsona.

The case stemmed from an administrative complaint filed against 17 officials, including Cawaling and Salsona, after the closure of the island resort in 2018.

Also facing charges were Aklan environmental officer

Va l e n t i n Ta l a b e r o ; M a l a y environmental officer Edgardo Sancho; barangay (village) chairmen Hector Casidsid o f Ya p a k , C h o n a G a b ay o f Manocmanoc and Lilibeth Sacapaño of Balabag; Aklan Gov. Florencio Miraflores; Malay V i c e M ayo r A b r a m S u a l o g ; and Malay council members Natalie Cawaling-Paderes, Jupiter Gallenero, Frolibar Bautista, Lloyd Maming, Dalidig

Sumandad, Maylynn AguirreGraf, Danilo delos Santos and Dante Pagsuguiron.

The charges against them, however, were dismissed for lack of evidence.

Similarly, the counter charges for serious dishonesty, grave misconduct and oppression against DILG Undersecretary Epimaco Densing 3rd were also dismissed for lack of merit.

Densing filed the complaint

against the Aklan officials for allowing the illegal operation of some businesses in Boracay w i t h o u t a m ayo r ’s p e r m i t , allowing structures on nobuild zones such as wetlands, tolerating violations of easement rules, issuing mayor’s permit without the Fire Safety Inspection Certificate from the Bureau of Fire Protection and violating other laws and regulations.

Masbate lawmaker tops TV exec, 2 others killed in Bulacan chopper crash latest Pulse Asia survey MASBATE Rep. Scott Davies Lanete topped the latest gubernatorial survey of Pulse Asia taken from April 3 to 5, obtaining an overwhelming 61 percent voter preference over rival candidate incumbent governor Antonio Kho, who posted only 29 percent.

The survey was conducted within the official campaign period for local officials.

The same dominance was revealed in an earlier survey conducted by Social Weather Stations (SWS) between March 26 and 28 where Lanete gained 58 percent of the total voter preference while his opponent posted 31 percent.

Lanete is seeking to serve Masbate as governor, following a perceived productive and empowering term as representative of the third district. The voter preference reflected by the SWS and Pulse Asia surveys is seen as a strong indication that Masbateños are ready

to accept a leadership that would “make Masbate great,” adopting new ways of thinking and trampling old practices that hindered the province from reaching its full potential.

During his term as a l a w m a k e r, L a n e t e , a physician, has filed several measures in the 17th Congress, including a bill that seeks to increase the salary grade of government doctors, nurses, pharmacists, occupational therapists and other healthcare personnel; measures to add environment education course in the school curriculum; and the Philippine Wind and Earthquake Resistant Steel Act, which seeks to improve steel quality in the Philippines. He also authored the law increasing the salaries of uniformed personnel in the Philippine National Police and the Armed Forces of the Philippines.

THREE people died, including the owner of a local television network in Central Luzon, after their helicopter crashed into a kSHPOND AT THE #ITY OF -ALOLOS

Bulacan on Thursday.

Police Col. Chito Bersaluna, Bulacan police director, said the

chopper with body number RP C8098 crashed around 12:30 noon IN A kSHPOND ALONG THE COASTAL area of Malolos. /NE OF THE VICTIMS WAS IDENTIkED as businessman Levy Laus, owner of CarWorld and CLTV36, a local television network in Central

Luzon based in San Fernando, Pampanga.

0OLICE HAVE NOT IDENTIkED THE other fatalities, believed to be Laus’ bodyguard and the pilot.

Initial report said the chopper exploded after the crash and was a total wreck.

Bersaluna said police personnel were immediately dispatched to the crash site upon receiving a report on the incident around 12:50 p.m.

Authorities were still investigating the cause of the crash, he added.

FREDERICK SILVERIO

2 slain in ambush of officials’ convoy in Negros BACOLOD CITY: Two incumbent and former councilors of Moises Padilla, Negros Occidental were killed after unidentified armed men attacked their convoy while campaigning at a hinterland barangay (village) on Thursday.

Po l i c e M a j o r J o n j i L i b a , Moises Padilla police chief, confirmed that Councilor Michael Garcia and former councilor Mark Garcia, nephew and brother of Vice Mayor Ella Celestina Garcia-Yulo, respectively, were slain in the ambush at Barangay Inolingan, Moises Padilla.

Garcia-Yulo, who is running for mayor against her uncle, incumbent Mayor Magdaleno

Peña, was not wounded in the incident contrary to earlier reports.

G a r c i a - Yu l o , i n a m e d i a c o n f e r e n c e w i t h G o v.

Alfredo Marañon Jr. and vice guvernatorial candidate Jeffrey Fe r r e r, p o i n t e d t o Pe ñ a a s allegedly behind the attack on her brother and nephew.

S h e c h a l l e n g e d Pe ñ a n o t to hide and surrender to authorities.

Marañon and Ferrer offered a P1-million bounty for anyone who could identify the perpetrators behind the ambush.

Witnesses claimed the suspects, some armed with

long firearms, approached the victims and fired shots at close range, killing them instantly.

The suspects were seen fleeing toward Barangay Tinongan in neighboring Isabela town.

It was learned that Garcia-Yulo was the target of the ambush.

Her partymates in the United Negros Alliance (UNegA), led by outgoing governor Marañon, had condemned the ambush.

Board Member Salvador Escalante, UNegA secretarygeneral, said the killing of the Garcia brothers was “senseless that threatens the free conduct of the elections in the town.”

M o i s e s Pa d i l l a h a d b e e n categorized as “red area” in the

May midterm elections after the killing of Councilor Jolomar Hilario by suspected members of the New People’s Army on March 31.

Liba said intense political rivalry between candidates also led to the declaration of Category Red. Under this category, Liba added, additional military and police forces would be deployed to ensure the peaceful conduct of elections.

Michael is the third councilor killed in Negros Occidental after Hilario and Escalante City Councilor Bernardino Patigas, who was gunned down early this week. EUGENE Y. ADIONG

A8

News

FRIDAY April 26, 2019

Ë&#x153; The Manila Times w w w.manilatimes.net

NHCP seeks help to restore churches T

BY RALPH U. VILLANUEVA

HE National Historical Commission of the Philippines (NHCP) has appealed for funds for the restoration of heritage structures and cultural sites damaged by the earthquakes that hit the country recently.

â&#x20AC;&#x153;We are waiting for word from MalacaĂąang if it will appropriate calamity fund for all these heritage [sites] that were partly damaged by the earthquake,â&#x20AC;? NHCP Chairman

Rene Escalante said in a press briefing on Thursday.

(E SAID kVE CHURCHES DAMAGED by the earthquake would need rehabilitation.

Escalante recalled that in the past, the Department of Budget PROVIDED THE COMMISSION 0 billion for the restoration of a cultural heritage site.

He said a Detailed Engineering Study (DES) is needed to determine how much is needed for the rehabilitation. â&#x20AC;&#x153;We are lucky because, I understand, thereâ&#x20AC;&#x2122;s a campaign on the part of the Archdiocese of San &ERNANDO THAT THEY HAVE ALREADY come up with some DES of some of these churches. And in fact, SOME OF THEM ALREADY HAVE $ scanning of these structures. It

would be easier now for us to do the restoration work just in case funds will be appropriated for this,â&#x20AC;? Escalante said.

If the Palace will not allot funds for the project, the commission would ask the Department of Budget and Management (DBM) to include a budget in the 2020 national budget. â&#x20AC;&#x153;What we are really recommending is the safety of the people. If the structure is not safe, if there are signs of cracks, it is BETTER TO VACATE THE CHURCH FOR THE time being until such time that the ground settles,â&#x20AC;? Escalante said.

ParaĂąaque, Las PiĂąas reaffirm support for Go PARAĂ&#x2018;AQUE and Las PiĂąas residents reaffirmed their support for the Senate bid of former special assistant to the President Christopher Lawrence â&#x20AC;&#x153;Bongâ&#x20AC;? Go as they welcomed him during his motorcade in the cities on Thursday.

Goâ&#x20AC;&#x2122;s motorcade started at around 4 p.m. and ended past 7 p.m.

The former Palace official visited ParaĂąaque in May 2018 to provide assistance to fire victims in Barangay (village) Tambo, and also in January and February this year to console fire victims in the villages of Moonwalk and San Isidro.

Go had likewise provided assistance to fire victims in Las PiĂąas when he was still a government official. Inspired by Goâ&#x20AC;&#x2122;s service, ParaĂąaque officials established in the city the headquarters of the Malasakit Volunteers of Bong Go. Go assured the people of ParaĂąaque that he remains committed in his support for the programs and policies of President Rodrigo Duterte, whom he had served for over 21 years. These include the campaign

against illegal drugs, crime and corruption; and infrastructure projects under the Build, Build, Build program.

The Senate hopeful cited the ParaĂąaque Integrated Terminal Exchange (PTIX), a P5.6-billion integrated terminal that serves as a transfer point among provincial buses from Cavite and Batangas and city buses.

Inaugurated on November 5 last year, PITX is the countryâ&#x20AC;&#x2122;s first â&#x20AC;&#x153;landport.â&#x20AC;?

Better infrastructure, he said, would decongest Metro Manila, improve travel and transport of goods in and out of the metro, and lead to more development in nearby areas. According to Go, Paraùaque would also benefit from the P64.9-billion extension of LRT Line 1 starting from its existing Baclaran Station to the future one in Bacoor, Cavite.

Pre-construction activities for the project commenced on Feb. 13, 2019.

He also cited the team up of the Department of Environment and Natural Resources with private firm SM Prime to clean up the ParaĂąaque River.

Stronger building code needed â&#x20AC;&#x201C; Enrile FORMER Senate president Juan Ponce Enrile has raised the need to establish a strong building code following the earthquakes that hit Metro Manila, Central Luzon, and Eastern Visayas this week.

The Puwersa ng Masang Pilipino (PMP) Senate candidate said the recent tremors were a wake-up call for Filipinos that the country is within the earthquake belt. â&#x20AC;&#x153;We need to estab2lish a rigid building code that will be enforced rigidly as well. Itâ&#x20AC;&#x2122;s time to do this because it is an emergent problem and it is a necessity to protect the people,â&#x20AC;?

Enrile said as he concluded his northern Luzon campaign sorTIE IN .UEVA %CIJA â&#x20AC;&#x153;I commiserate with the people affected by the last earthquake that happened in Metro Manila and in Central Luzon, especially in Pampanga,â&#x20AC;? he added.

%NRILE WHO IS SEEKING A kFTH term in the Senate, warned that buildings and other infrastructure might collapse if the â&#x20AC;&#x153;Big One,â&#x20AC;? a huge earthquake that the Philippine Institute of Volcanology and Seismology has warned about, occurs. â&#x20AC;&#x153;We must prepare for it, and one of the preparations that we should make right now, not tomorrow, is to establish a strong building code that can meet any kind of earthquake. I think this is a wake-up call for us to realize that we are within the so-called earthquake belt of this planet AND WE HAVE TO ACCEPT THAT u Enrile said.

He noted that the deadly impact of recent tremors should be a warning and prompt the people to prepare for stronger earthquakes especially in Metro Manila.

BERNADETTE E. TAMAYO

GIVING HELP

The Manila Times chief operating officer Blanca Mercado (left), Hospicio de San Jose Treasurer Sr. Bernadita Epacta, Hospicio de San Jose administrator Sr. Maria Socorro Pilar Evidente and Times Marketing Communications and Service Director Denise Calnea (right) pose after the Times gave its donation to Hospicio de San Jose in Manila on Thursday. PHOTO BY DJ DIOSINA

DTI, DA should look into sugar prices â&#x20AC;&#x201C; Aquino REELECTIONIST Sen. Paolo Benigno â&#x20AC;&#x153;Bamâ&#x20AC;? Aquino 4th on Thursday urged the Department of Agriculture (DA) and the Department of Trade and Industry (DTI) to immediately address the rising cost of sugar despite the stable supply in the market and low mill gate prices.  Aquino said the DA must look into the accusation made by Sugar Regulatory Administration (SRA) officials that manipulation was behind the increase in sugar prices in the wholesale and retail levels.

SRA Administrator Hermenegildo Serafica claimed that there were some sectors trying to manipulate the market by spreading rumors that might lead to higher retail prices of sugar. â&#x20AC;&#x153;There is no reason for sugar prices to go up since sugar stock balance is at an all-time high of over 1.1 million metric tons (MT) that is 143 percent of last yearâ&#x20AC;&#x2122;s stock balance during the same period,â&#x20AC;? he said in a statement.

The mill gate prices of the commodity had been steady between P1,450 to P1,550 per 50-kilogram bag for the past five months. â&#x20AC;&#x153;I have been going around inspecting sugar millsâ&#x20AC;&#x2122; warehouses and tradersâ&#x20AC;&#x2122; warehouses and many of the imported sugar have not been used. In fact, over

133,500 MT of imported have not been withdrawn from the warehouses,â&#x20AC;? the SRA chief said. â&#x20AC;&#x153;Those who are spreading rumors of sugar prices increasing are trying to manipulate the market so they can increase their profits at the expense of the consumers and producers,â&#x20AC;? Serafica added. Aquino said the DTI should activate the Price Coordinating Council to protect consumers from unjust increase in sugar prices.

Aquino stressed that the DA and DTI must join forces in looking into alleged price manipulation of traders and retailers. â&#x20AC;&#x153;Huwag na tayong magsisihan. Magkaisa sana tayo para maprotektahan ang mga mga kababayan nating kumokonsumo ng asukal,â&#x20AC;? (Letâ&#x20AC;&#x2122;s stop the blame game. Letâ&#x20AC;&#x2122;s join forces so we could protect our people who consumes sugar), he said in a statement. â&#x20AC;&#x153;Dapat talagang tingnan ang isyung ito dahil hindi produksiyon ang nakikitang problema kundi may nangyayaring manipulasyon ng ilang tao na nais makinabang mula rito,â&#x20AC;? (We should really look at this issue because we donâ&#x20AC;&#x2122;t see production as the problem. Manipulation is happening by people who wants to take advantage from this), he added.

Q TOPS FROM A1

Bayan Muna tops party-list These include the Coalition of Association of Senior Citizens in the Philippines Inc., Buhay Hayaan Yumabong, Akbayan Citizens Action Party, Anak Mindanao, An Waray, +ALINGA !DVOCACY FOR 3OCIAL %MPOWERMENT AND .ATION BUILDING 4HROUGH %ASING 0OVERTY Inc., Anakpawis, Citizensâ&#x20AC;&#x2122; Battle Against Corruption, and Angkla: Ang Partido ng mga Pilipinong Marino Inc. 4HE SAME SURVEY ALSO SHOWED THAT ABOUT three-quarters, or 74 percent, of registered VOTERS HAD HEARD READ OR WATCHED SOMETHING ABOUT THE PARTY LIST SYSTEM AN IMPROVEMENT FROM PERCENT IN &EBRUARY Pulse Asia said majority awareness was recorded in all geographic areas and socioeconomic classes. â&#x20AC;&#x153;Awareness is more marked in Metro Manila (74 percent), the rest of Luzon (79

percent), and Mindanao (77 percent) than in the Visayas (57 percent), and in Class ABC THAN #LASS % PERCENT VERSUS PERCENT u it noted. â&#x20AC;&#x153;Between February and March, awareness of the party-list system becomes more manifest NOT ONLY AT THE NATIONAL LEVEL PERCENTAGE POINTS BUT ALSO IN THE REST OF ,UZON PERCENTAGE POINTS THE 6ISAYAS PERCENTAGE POINTS #LASS $ PERCENTAGE POINTS AND #LASS % PERCENTAGE POINTS u THE POLLING kRM ADDED 4HE SURVEY WHICH INVOLVED ADULTS NATIONWIDE HAS A Â&#x2022; PERCENT ERROR MARGIN By region, the error margins are Âą6.5 percent FOR -ETRO -ANILA Â&#x2022; PERCENT FOR THE REST OF ,UZON Â&#x2022; PERCENT FOR THE 6ISAYAS AND Â&#x2022; percent for Mindanao.

CATHERINE S. VALENTE

ASIAN STOCKS: W S h a n g h a i 2 . 4 3 %

W S i n g a p o re 0 . 3 6 %

PSEi 7,894.45 UP 0.61%

P52.14 TO $1

www.manilatimes.net

Whatâ&#x20AC;&#x2122;s inside REITâ&#x20AC;&#x2122;S EMERGENCE IN PH â&#x20AC;&#x201C; FINEX FILES

»BusinessB2

TIGHTER ACCREDITATION OF CONTRACTORS PUSHED

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BPI SETS P-6B CAPEX; PROFIT HITS P6.7B IN Q1 Corporate NewsB3

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GHOSNÂ WINS SECOND BAIL FROM JAPAN COURT

»Foreign BusinessB4

W Seoul 0.48%

V To k yo 0 . 4 8 %

W Jakarta 1.16%

NEEDLES IN A HAYSTACK

W H o n g Ko n g 0 . 8 6 %

B2

W

FRIDAY APRIL 26, 2019

Business Times

CURRENCY RATE

B1

W B a n g ko k 0 . 0 1 %

S&P grants â&#x20AC;&#x2DC;BBBâ&#x20AC;&#x2122; rating to govt euro bond offer T

BY MAYVELIN U. CARABALLO

HE governmentâ&#x20AC;&#x2122;s planned euro debt market received on Thursday an investment grade score from S&P Global Ratings.

)N A STATEMENT THE DEBT WATCHER SAID SENIOR UNSECURED NOTES TO BE ISSUED BY IT HAD gASSIGNED ITS @""" LONG TERM THE 0HILIPPINES u FOREIGN CURRENCY RATING TO THE PROPOSED 4HE DEBT PAPERS gREPRESENT DIRECT

BENCHMARK SIZE EURO DENOMINATED GENERAL UNCONDITIONAL UNSECURED

AND UNSUBORDINATED OBLIGATIONS OF THE SOVEREIGN AND RANK EQUALLY WITH THE SOVEREIGN S OTHER UNSECURED AND UNSUBORDINATED DEBT OBLIGATIONS u it added.

2EPORTS ON 7EDNESDAY SAID THE COUNTRY HAD BEGUN MARKETING THE BENCHMARK EURO BOND ISSUE WHICH IS TYPICALLY SET AT LEAST MILLION $ETAILS OF THE EURO BOND SALE ARE YET TO BE ANNOUNCED AS THE "UREAU OF THE

4REASURY IS gYET TO SEE MARKET APPETITE u ACCORDING TO A MESSAGE BY .ATIONAL 4REASURER 2OSALIA DE ,EON 4HE PLANNED EURO BOND IS ONE OF THE GOVERNMENT S FUNDRAISING EFFORTS IN OFFSHORE MARKETS )N *ANUARY THE GOVERNMENT RAISED BILLION THROUGH A YEAR GLOBAL BOND ISSUE WHICH RECEIVED A TIGHT SPREAD OF BASIS POINTS OVER THE 53 4REASURIES

³Bond B2

DTI seeks removal of Asean trade barriers 4(% $EPARTMENT OF 4RADE AND )NDUSTRY $4) IS PUSHING FOR THE STUDY AND REMOVAL OF gUNNECESSARYu NONTARIFF BARRIERS IMPOSED

BY SOME MEMBERS OF THE !SSOCIAtion of Southeast Asian Nations !SEAN TO EASE MARKET ACCESS FOR EXPORTS IN THE REGION $URING THIS WEEK S !SEAN %CONOMIC -INISTERS MEETING IN 4HAILAND 4RADE 3ECRETARY 2AMON ,OPEZ SAID SUCH BARRIERS UNDER THE !SEAN 4RADE IN 'OODS !GREEMENT !TIGA MADE TRADING gMORE DIFkCULT AND COSTLY u 3IGNED IN !TIGA AIMS TO BOOST TRADE AND ECONOMIC ACTIVITIES IN 3OUTHEAST !SIA BY OPENING THE MARKET TO THE FREE FLOW OF GOODS SERVICES AND INVESTMENTS

AMONG OTHERS )N A STATEMENT ON 4HURSDAY

,OPEZ SAID THESE BARRIERS ADVERSELY AFFECTED BOTH AGRICULTURAL AND INDUSTRIAL PRODUCTS g3OME OF THESE 0HILIPPINE PROD-

Q A paramilitary police officer (top center) and a police officer (right) secure an area along a road during the Belt and Road Forum in Beijing on April 25, 2019. AFP PHOTO

FOCUS

Chinaâ&#x20AC;&#x2122;s island cities: Treasure or trouble for Asia?

COLOMBO: ! HIGH RISE CITY THE SIZE OF CENTRAL ,ONDON RISING OUT OF THE OCEAN NEXT TO 3RI ,ANKA S CAPITAL IS LAYING DOWN ANOTHER MARKER FOR #HINA S GLOBAL INFRASTRUCTURE AMBITIONS WHOSE EPIC SCOPE IS SOUNDING ALARM BELLS IN !SIA AND BEYOND 7HEN IT IS COMPLETED 0ORT #ITY WILL EFFECTIVELY DOUBLE #OLOMBO S SIZE AND BE PART OF A GLIMMERING TRIO OF NEW #HINESE FUNDED ISLANDS ALONGSIDE A MAN MADE ARCHIPELAGO OFF -ALAYSIA AND A PLANNED FUTURISTIC METROPOLIS ADJOINING -ANILA 4HE PROJECTS HAVE BEEN LINKED TO #HINA S "ELT AND 2OAD )NITIATIVE "2) A SWEEPING TRILLION DOLLAR INFRASTRUCTURE PROGRAM across Asia, Africa and Europe THAT IS VIEWED WITH DEEP SUSPICION BY COUNTRIES LIKE )NDIA AND the United States and has divided

OPINION WITHIN THE %UROPEAN Union. !ND IN 3RI ,ANKA -ALAYSIA AND THE 0HILIPPINES INCREASINGLY VOCAL CONCERNS ARE BEING RAISED ABOUT THE ENVIRONMENTAL IMPACT OF THE ISLAND CITIES A LACK OF TRANSPARENCY SURROUNDING THEIR FUNDING AND THE POSSIBILITY OF A #HINESE SPRUNG DEBT TRAP 4HE ISLAND BUILDING SPREE IS gPART OF A BIG PICTURE OF #HINA S RAPIDLY EXPANDING GLOBAL INlUENCE DONE THROUGH CONNECTIVITY u SAID 7ANG *IANGYU AN ASSOCIATE PROFESSOR AT THE .ATIONAL 5NIVERSITY OF 3INGAPORE S LAW FACULTY 0ORT #ITY WILL SERVE AS A BASE FOR #HINA IN 3OUTH !SIA AS WELL AS A gMODEL PROJECT THAT WOULD SHOWCASE WHAT BIG CHANGE #HINA COULD BRING TO THE COUNTRIES ESPECIALLY THE LESS DEVELOPED ONES ALONG THE "2) u 7ANG ADDED

,EADERS FROM COUNTRIES WILL lOCK TO "EIJING THIS WEEK FOR A "2) SUMMIT HOPING TO GRAB A PIECE OF THE TRILLION PIE TO IMPROVE THEIR INFRASTRUCTURE #RITICS SAY THE INITIATIVE COMES WITH A HEAVY PRICE AS IT FAVORS #HINESE COMPANIES AND EXACERBATES DEBT PROBLEMS IN SOME countries.

â&#x20AC;&#x2DC;Hidden debt trapâ&#x20AC;&#x2122; )N #OLOMBO TWO THIRDS OF THE HECTARE ARTIkCIAL ISLAND NEAR A DEEP SEA CONTAINER PORT WILL BE GIVEN TO THE #HINESE DEVELOPER ON A YEAR LEASE 4HE LAND RECLAMATION WORK ENDED IN *ANUARY AND HIGH RISES NOW NEED TO BE BUILT WITH THE AIM OF CREATING A kNANCIAL HUB RIVALING $UBAI OR 3INGAPORE 4HE ISLANDS PROMISE TO BRING

Sy, Ayala property companies lift PSEi ,/#!, SHARES RALLIED FOR A SECOND DAY ON 4HURSDAY WITH THE GAINS ATTRIBUTED TO PROPERTY COMPANIES 3- 0RIME (OLDINGS )NC AND !YALA ,AND )NC 4HE BENCHMARK 0HILIPPINE 3TOCK %XCHANGE INDEX 03%I ROSE BY PERCENT OR POINTS TO CLOSE AT AFTER TRADING MOST OF THE DAY lAT 4HE WIDER !LL 3HARES GREW BY PERCENT OR POINTS TO kNISH AT

0 0 4RADE /NLINE SALES ASSOCIATE 'ABRIEL *OSE 0EREZ SAID 3- 0RIME AND !YALA ,AND BUOYED THE MARKET AFTER REACHING NEW RECORD HIGHS 4HE !YALA LED REAL ESTATE kRM S SHARES kNISHED UP BY PERCENT OR 0

F

TO 0 APIECE 4HE 3Y LED PROPERTY DEVELOPER S SHARES GREW BY PERCENT OR CENTAVOS TO CLOSE AT 0 EACH !YALA ,AND ANNOUNCED ON 7EDNESDAY THAT IT WOULD LIST ON THE 2EAL %STATE )NVESTMENT 4RUST 2%)4 MARKET ITS OFkCES WITHIN THE -AKATI CENTRAL BUSINESS DISTRICT WITH A PORTFOLIO SIZE OF MILLION OR 0 BILLION 4HE APPLICATION WILL BE kLED UNDER EXISTING RULES OF PERCENT MINIMUM PUBLIC OWNERSHIP !!! 3OUTHEAST %QUITIES )NC 0RESIDENT -ATTHEW #ABANGON SHARED 0EREZ VIEW SAYING MARKET PLAYERS SNAPPED UP PROPERTY STOCKS AS THEY WERE CONSIDERED

³PSEi B4

MUCH NEEDED DEVELOPMENT TO POORER COUNTRIES LIKE 3RI ,ANKA

WHOSE CAPITAL IS REELING FROM THE DEADLY %ASTER 3UNDAY BOMBINGS "UT IT COMES WITH A gHIDDEN DEBT TRAP u WARNED 2ANIL 3ENANAYAKE A FORMER ADVISOR TO THE MINISTRY OF MEGAPOLIS DEVELOPMENT WHICH OVERSEES THE PROJECT g/UR SEWAGE AND GARBAGE DISPOSAL SYSTEMS ARE CRACKING AT THEIR SEAMS 3O HOW CAN WE SUPPORT A SO CALLED WORLD CLASS CITY u 3ENANAYAKE TOLD !GENCE &RANCE 0RESSE g%ITHER WE HAVE TO BORROW HEAVILY TO OFFER THESE SERVICES OR ITS GOING TO PLACE A HEAVY BURDEN ON THE 3RI ,ANKAN TAXPAYERS u he said.

4HE INTEREST RATE FOR #HINESE LOANS TO 3RI ,ANKA IS ABOUT PERCENT DOUBLE WHAT OTHER MAJOR LENDERS )NDIA AND *APAN CHARGE

³Cities B2

UCTS HAVE ;DIFkCULTY= ENTERING SOME MARKETS BECAUSE OF HIGH TARIFFS AND ;THE= STRICT IMPORT REQUIREMENTS IMPOSED u HE EXPLAINED 4HESE INCLUDE HORTICULTURAL PRODUCTS BANANAS TOBACCO

FISHERY PRODUCTS MEAT YOUNG COCONUT SEEDS POULTRY SWINE FEEDS ELECTRONICS PHARMACEUTICAL PRODUCTS COSMETICS APPAREL AND FOOTWEAR 3OUTHEAST !SIAN ECONOMIC MINISTERS POINTED OUT THE URGENCY TO kNISH NEGOTIATIONS ON THE 2EGIONAL #OMPREHENSIVE %CONOMIC 0ARTNERSHIP 2#%0 TRADE AGREEMENT THIS YEAR 4HEY NOTED THAT ALL PENDING ISSUES SHOULD BE RESOLVED BY *UNE TO MEET THE .OVEMBER DEADLINE 2#%0 COVERS ALL !SEAN MEMBERS Â&#x2021; "RUNEI $ARUSSALAM #AMBODIA )NDONESIA ,AOS -ALAYSIA

-YANMAR THE 0HILIPPINES 3INGAPORE 4HAILAND AND 6IETNAM Â&#x2021;

³Barriers B2

Businessman hit with P3.4-B tax evasion rap 4(% "UREAU OF )NTERNAL 2EVENUE ")2 kLED ON 4HURSDAY A 0 BILLION CRIMINAL AND TAX EVASION CHARGES AGAINST AN ALLEGED MANUFACTURER OF FAKE CIGARETTES IN 0ANGASINAN PROVINCE )N CHARGES kLED WITH THE *USTICE DEPARTMENT THE ")2 IDENTIFED THE MANUFACTURER AS $ANILO #ALUGAY A BUSINESSMAN OPERATING SINCE !PRIL

UNDER THE TRADENAMES g,UCKY $# "UILDERS AND #ONSTRUCTION 3UPPLIES u g,UCKY $# #ONVENIENCE 3TOREu AND g,UCKY $# 'ASOLINE 3TATION u )N A STATEMENT THE ")2 SAID ITS 3TRIKE 4EAM RAIDED LAST .OVEMBER AN ALLEGEDLY ILLEGAL CIGARETTE FACTORY IN 0ORTIC VILLAGE IN "UGALLON TOWN AND A RAW MATERIALS WAREHOUSE IN -ANGALDAN MUNICIPALITY g)T WAS DISCOVERED DURING THE OPERATION THAT THE SAID FACTORY WAS FOUND TO BE UNREGISTERED AND AN UNLICENSED MANUFACTURER OF CIGARETTES ;WAS= EMPLOYING A NUMBER OF LOCAL WORKERS u IT ADDED

3EVERAL CIGARETTE MAKING AND PACKING MACHINES MASTER CASES SEVEN REAMS OF FAKE CIGARETTES AND

FAKE CIGARETTE STAMPS WERE REPORTEDLY SEIZED DURING THE RAID 4HE INTERNAL REVENUE STAMPS AFkXED IN THE SEIZED CIGARETTE PACKS WERE ALSO FOUND TO BE FAKE ACCORDING TO THE ")2 g!S A CONSEQUENCE OF THE CRIMINAL ACT OF -R #ALUGAY IN NOT REGISTERING HIS BUSINESS ;AND= PRODUCING MANUFACTURING AND POSSESSING SPURIOUS AND COUNTERFEIT INTERNAL REVENUE STAMPS IT EVADED THE kLING AND PAYMENT OF THE CORRECT EXCISE TAX AMOUNTING TO 0 BILLION INCLUSIVE OF INCREMENTS u THE BUREAU SAID #ONTRABAND CIGARETTES HAVE BEEN BLAMED BY THE &INANCE DEPARTMENT AS A SIGNIkCANT SOURCE OF LOST REVENUES 4HE ")2 RECENTLY SAID THE ILLEGAL TOBACCO TRADE HAD SHIFTED FROM SMUGGLING CIGARETTES

³Businessman B4

Public stockholders control Ayala Land

ERNANDO L. Gaspar, president and CHIEF EXECUTIVE OFkCER OF 2OXAS #O )NC 2#) BOUGHT 2#) COMMON SHARES AT 0 EACH 2#) COMMON SHARES AT 0 EACH 2#) COMMON SHARES AT 0 EACH AND 2#) COMMON SHARES AT 0 EACH (IS kVE ACQUISITIONS WHICH HE MADE ON !PRIL

INCREASED THE NUMBER OF 2#) COMMON SHARES HE OWNS TO

OR PERCENT OF BILLION OUTSTANDING 2#) COMMON SHARES 2#) COMMON SHARES OPENED TRADING ON !PRIL AT 0 ITS SESSION S LOW AND HIT A HIGH OF 0 THE STOCK S CLOSING PRICE

)N THE SAME 0/2 2OXAS #O NAMED 30#) (OLDINGS )NC AS DIRECT HOLDER OF MILLION 2#) COMMON SHARES OR PERCENT 30#) (OLDINGS )NC AND 0ESAN (OLDINGS )NC ARE THE TWO PRINCIPAL STOCKHOLDERS !MONG THE OWNERS OF 30#) (OLDINGS ARE #ARLOS 2 %LIZALDE AND &RANCISCO 2 %LIZALDE $EC

2OXAS #O REPORTED HAVING WITH PERCENT OWNERSHIP EACH ISSUED

COMMON SHARES )T HAD

WHICH WHEN DEDUCTED Additional acquisitions WILL RESULT IN

OUTSTANDING 2#) COMMON SHARES /N !PRIL

! , 'OTIANUN )NC

2OXAS #O ATTRIBUTED TO THE PUBLIC THEIR AN UNLISTED COMPANY THAT BELONGS TO THE OWNERSHIP OF

2#) COMMON GROUP OWNED AND CONTROLLED BY THE 'OOwnership profile SHARES OR PERCENT ACCORDING TO THE TIANUN FAMILY BOUGHT COMMON 0/2 )T CLASSIkED BILLION 2#) COM- SHARES IN &ILINVEST $EVELOPMENT #ORP )N A PUBLIC OWNERSHIP REPORT 0/2 AS OF MON SHARES AS NON PUBLIC ³Kritz B4

B2

Business Times

Ë&#x153; The Manila Times FRIDAY April 26, 2019

w w w.manilatimes.net

Tighter accreditation of contractors pushed T

BY TYRONE C. PIAD

HE Philippine Domestic Construction Board (PDCB) is forming a body that will review and rate the performance of contractors in the Philippines.

7ORKS FOR THE ESTABLISHMENT of the Association of Accredited #ONSTRUCTORS 0ERFORMANCE %VALUATION 3YSTEM %VALUATORS OF THE 0HILIPPINES !!#%0 ARE UNDERWAY ,EILANI $EL 0RADO 0$#" CHIEF TRADE INDUSTRY DEVELOPMENT SPECIALIST SAID ON 4HURSDAY 4HE MOVE IS PART OF GOVERNMENT INITIATIVES TO PROMOTE PUBLIC SAFETY THROUGH THE IMPLEMENTATION OF STRICTER POLICIES ON INFRASTRUCTURE PLANNING SHE SAID )T IS ALSO IN LINE WITH THE YEAR CONSTRUCTION ROADMAP OF THE 0HILIPPINES RECENTLY LAUNCHED BY THE 0$#" $EL 0RADO SAID 4HE 0$#"

IS ONE OF THE IMPLEMENTING BOARDS OF THE #ONSTRUCTION )NDUSTRY !UTHORITY OF THE 0HILIPPINES #)!0

AN AGENCY UNDER THE $EPARTMENT OF 4RADE AND )NDUSTRY $4) g0$#" S ;ROLE= IS ACTUALLY TO FORMULATE ;AND= REGULATE THE GROWTH AND DEVELOPMENT OF THE CONSTRUCTION INDUSTRY 7E FORMULATE GUIDELINES ;AND= POLICIES u $EL 0RADO SAID 4HROUGH THE !!#%0 CONTRACTORS WILL BE REVIEWED AND RATED BASED ON WORKMANSHIP MATERIALS TIME

SAFETY ENVIRONMENTAL SAFETY AND HEALTH RESOURCES DEPLOYMENT AND FACILITIES $EL 0RADO SAID THE RATINGS WILL BE MADE PUBLIC FOR CHECK-

Q CITIES FROM B1

NICATIONS #ONSTRUCTION #O AND ITS 3RI ,ANKAN SUBSIDIARY DECLINED TO COMMENT )N -ALAYSIA THE FOUR ISLAND PROJECT WILL BELONG TO THE DEVELOPER Â&#x2021; A JOINT VENTURE BETWEEN (ONG +ONG LISTED #OUNTRY 'ARDEN AND A LOCAL GOVERNMENT OWNED COMPANY SAID 2YAN +HOO

A PROPERTY CONSULTANT FROM !LPHA -ARKETING WHICH SPECIALIZES IN SOUTHERN -ALAYSIA PROJECTS 7ITH TWO THIRDS OF UNITS SOLD TO MAINLAND #HINESE BUYERS WELL BEFORE THE BILLION PROJECT IS COMPLETED IN &OREST #ITY BECAME A LIGHTNING ROD AT GROWING #HINESE INlUENCE IN -ALAYSIA DURING ELECTIONS LAST YEAR #OUNTRY 'ARDEN SAID IN A STATEMENT IT HAD A DIVERSE CUSTOMER BASE FROM OVER COUNTRIES AND THE NEW GOVERNMENT HAS gCLARIkED THAT FOREIGNERS ARE ALLOWED TO PURCHASE PROPERTIES AT &OREST #ITY u g(ELPING #HINESE PEOPLE Â&#x2021; AND IN TURN #HINESE BUSINESS OPPORTUNITIES Â&#x2021; SPREAD AROUND THE REGION AND THROUGHOUT THE WORLD IS ONE OF THE MORE underappreciated functions of THE "2) u SAID 7ILL $OIG AUTHOR of (IGH 3PEED %MPIRE #HINESE Expansion and the Future of Southeast Asia.

Chinaâ&#x20AC;&#x2122;s SAID $USHNI 7EERAKOON AN INDEPENDENT ECONOMIST 3RI ,ANKA ALREADY HAD TO HAND A YEAR LEASE TO #HINA FOR ITS (AMBANTOTA DEEP SEA PORT BECAUSE IT COULD NOT REPAY LOANS TO "EIJING FOR THE BILLION PROJECT 4HE LACK OF TRANSPARENCY IN DEALS STRUCK BETWEEN LOCAL GOVERNMENTS AND DEVELOPERS REMAINS A THORNY ISSUE ON "ELT AND 2OAD RELATED PROJECTS )N 0ORT #ITY REPRESENTATIVES OF THE #HINESE DEVELOPER WILL BE PART OF A gGOVERNING BODYu OVERLOOKING INVESTMENT DECISIONS LINKED TO THE ARTIFICIAL ISLAND

LOCAL MEDIA REPORTED g4HE PUBLIC HAS BEEN LEFT IN THE DARK ABOUT THIS NEW GOVERNING BODY AND IT CREATES MAJOR CONCERNS OVER THE SOVEREIGNTY AND TERRITORIAL INTEGRITY OF THE COUNTRY u 3ENANAYAKE SAID 3RI ,ANKAN %CONOMIC 2EFORMS -INISTER (ARSHA DE 3ILVA WHO IS INVOLVED IN CREATING THE GOVERNING BODY COULD NOT BE REACHED FOR COMMENT 4HE DEVELOPER #HINA #OMMU-

Q BOND FROM B1

S&P grants

ING )T CAN ALSO BE USED AS BASIS FOR BIDDING UNDER THE PROCUREMENT process, she added. g5NDER THE PROCUREMENT LAW w there is a provision that there is a NEED TO EVALUATE THE PERFORMANCE OF THE CONTRACTORS DURING CONSTRUCTION AND EVEN UPON COMPLETION OF PROJECTS u $EL 0RADO SAID $EL 0RADO SAID THEY ARE KEEN ON IMPOSING HIGHER THRESHOLD FOR QUALITY WITH THE MINIMUM RATING BEING RAISED TO POINTS FROM THE PREVIOUS POINTS :ERO RATING COULD BE GIVEN ON SPECIkC ITEMS IN THE ASSESSMENT IF MAJOR DEFECTS WERE FOUND SHE SAID 4HIS MEANS THE CONTRACTOR FAILED TO MEET THE PROJECT SPECIkCATIONS #ONTRACTORS FAILING TO MEET THE BASE GRADE WOULD BE AUTOMATICALLY DISQUALIkED FROM THE BIDDING PROcess, she added.

2ECENTLY A YEAR INDUSTRY ROADMAP FOR CONSTRUCTION INDUSTRY WAS LAUNCHED TO STRENGTHEN THE

Environmental concerns "UILDING ISLANDS IS gFASTER AND CHEAPERu BECAUSE IT DOESN T REQUIRE RELOCATING THOUSANDS OF RESIDENTS SAID A FORMER #OUNTRY 'ARDEN EMPLOYEE "UT THE PROJECTS HAVE RAISED CONCERNS ABOUT COASTAL EROSION

THE FATE OF kSHERMEN AND THE EFFECTS ON NEIGHBORING CITIES )N THE 0HILIPPINES OPPONENTS OF THE PROPOSED MAN MADE ISLAND FEAR IT COULD HEIGHTEN lOOD RISKS AND WORSEN CONGESTION IN -ANILA g7E RE ALREADY kNDING IT HARD TO SOLVE SUCH PROBLEMS AND NOW WE RE LOOKING FOR MORE u &ILIPINO ACTIVIST -ARK !NTHONY !BENIR WROTE ON THE 2APPLER NEWS WEBSITE IN &EBRUARY ) N # O L O M B O ( E M A N T H A 7ITHANAGE A LAWYER WHO HAS SUED THE #HINESE DEVELOPER AND THE 3RI ,ANKAN GOVERNMENT

CLAIMS THE PROJECT WAS APPROVED WITHOUT A PROPER ENVIRONMENTAL IMPACT ASSESSMENT 4HE PROJECT HAS ALSO AFFECTED THE LIVELIHOODS OF kSHERMEN AND 7ITHANAGE SAID COMPENSATION OFFERED TO THEM HAS gDISAPPEAREDu INTO THE POCKETS OF LOCAL OFkCIALS AFP

4HIS CAME MONTHS AFTER THE GOV,AST !UGUST IT RAISED BILLION YEN OR BILLION FROM ERNMENT RAISED BILLION RENMINTHE ISSUANCE OF THREE YEAR YEN BI OR MILLION FROM ITS MAIDEN DENOMINATED SAMURAI BONDS PANDA BOND ISSUANCE IN -ARCH

Q BARRIERS FROM B1

g7E ENCOURAGED THE TRADE NEGOTIATING PARTIES TO EXERCISE UTMOST FLEXIBILITY IN THE FORTHCOMING SESSIONS TAKING INTO ACCOUNT CONSTITUTIONAL AND LEGAL LIMITATIONS u and their free trade area partners the Trade chief said. !USTRALIA #HINA )NDIA *APAN

g*UST THE SAME THE AGREEMENT .EW :EALAND AND 3OUTH +OREA SHOULD BE BALANCED AND MUTU,AST YEAR THE MINISTERS INTRO- ALLY BENEFICIAL AND BALANCED DUCED AN 2#%0 7ORK 0LAN THAT TRADE AGREEMENT TO ESTABLISH FREE WOULD GUIDE NEGOTIATORS IN CON- AND FAIR TRADE IN THE REGION u HE CLUDING PARTNERSHIP AGREEMENTS added.

DTI seeks

4HE MEETING ALSO SERVED AS A PLATFORM TO TALK ABOUT gECONOMIC SIGNIkCANCE DEGREE OF CONVERGENCE ON NEW FREE TRADE AGREEMENTS AND RESOURCE REQUIREMENT AMONG OTHERS u ,OPEZ SAID $URING THE MEETING THE IMPORTANCE OF DIGITAL INTEGRATION AMID THE FOURTH INDUSTRIAL REVOLUTION WAS ALSO UNDERSCORED NOTING THAT IT WAS ONE OF THE !SEAN S top priorities. TYRONE C. PIAD

REITâ&#x20AC;&#x2122;s emergence in PH

)

N ANY JURISDICTION INCREASING LIQUIDITY IN THE REAL ESTATE INDUSTRY HAS ALWAYS BEEN A MAJOR CHALLENGE WITHIN THE PRIVATE SECTOR 2AISING CAPITAL TO FUND AND PROMOTE REAL ESTATE INVESTMENTS AMONG THE PUBLIC IS NOT AN EASY FEAT CONSIDERING THE BARRIERS BROUGHT BY THE HIGH COST OF DIRECTLY ACQUIRING REAL PROPERTIES 4HIS IS THE PAIN POINT A 2EAL %STATE )NVESTMENT 4RUST 2%)4 IS DESIGNED TO SOLVE 2EPUBLIC !CT .O OR THE 2%)4 !CT OF AND ITS IMPLEMENTING RULES AND REGULATIONS 2%)4 ,AW SET THE FRAMEWORK FOR 0HILIPPINE 2%)4S 4O REALIZE ITS OBJECTIVE OF DEMOCRATIZING INVESTMENTS IN REAL PROPERTIES A 2%)4 MUST OFFER ITS SHARES TO THE PUBLIC THROUGH AN INITIAL PUBLIC OFFERING )0/ USE THE )0/ PROCEEDS TO INVEST IN REAL PROPERTIES AND DISTRIBUTE PERCENT OF ITS TAXABLE INCOME VIA DIVIDENDS TO ITS

FINEX FILES

MARK GORRICETA SHAREHOLDERS 'ENERALLY SUPPLY AND DEMAND ISSUES DICTATE THE GROWTH OF THE 2%)4 INDUSTRY /N THE 0HILIPPINE 2%)4 SUPPLY SIDE THE OFkCE RETAIL AND HOTEL SECTORS OFFER ACQUISITION POTENTIALS FOR 2%)4S +EY DEMAND DRIVERS FOR REAL ESTATE IN THE 0HILIPPINES HAVE BEEN THE INCREASING REMITTANCES FROM /VERSEAS &ILIPINO 7ORKERS /&7S WHICH HAVE INCREASED CONSUMER SPENDING IN GOODS AND SERVICES PROMPTING RENT GROWTH IN THE RETAIL SECTOR ! RESILIENT DOMESTIC REAL ESTATE ECONOMY DESPITE THE EXISTING BEAR MARKET IS ALSO A PROMISING FACTOR IN THE POTENTIAL

SECTOR SETTING SPENDING TARGET OF 0 TRILLION TO 0 TRILLION STARTING IN THE HOPE OF CONTINUING THE CURRENT GOVERNMENT INFRASTRUCTURE PROGRAM EVEN AFTER 0RESIDENT 2ODRIGO $UTERTE S TERM ENDS 4HE ROADMAP IS EYEING TO TRAIN MORE HUMAN RESOURCES IN THE CONSTRUCTION SECTOR ESPECIALLY THE YOUNGER DEMOGRAPHICS 4RADE 5NDERSECRETARY 2OWEL "ARBA SAID IN AN EARLIER INTERVIEW THAT EMPLOYMENT GENERATION WAS TARGETED TO GROW FROM PERCENT TO PERCENT OR AT MOST DURING THE YEAR PERIOD 4HE CURRENT WORKFORCE OF THE SECTOR IS AROUND MILLION "ARBA ADDED THAT THERE WILL BE A FOCUS ON BUILDING RESIDENTIAL PROPERTIES TO ADDRESS THE HOUSING PROBLEMS IN THE COUNTRY ! PORTION OF THE SPENDING WILL ALSO BE ALLOCATED TO THE DEVELOPMENT OF TOURISM INFRASTRUCTURE IN ORDER TO BOOST THE INDUSTRY HE SAID

OF 2%)4S IN THE 0HILIPPINES 4HIS

HOWEVER DEPENDS ON FAVORABLE REGULATIONS GOVERNING 2%)4 WHICH PLAY A KEY ROLE IN DETERMINING ITS GROWTH AND SUCCESS /N THE 2%)4 DEMAND SIDE THERE IS A STRONG INCENTIVE FOR REAL ESTATE DEVELOPERS AND OWNERS TO DIVEST THEIR PROPERTIES INTO 2%)4S TO ACCESS AN ALTERNATIVE AND CHEAPER SOURCE OF CAPITAL CAUSED BY THE INCREASING GLOBALIZATION AND SECURITIZATION OF REAL ESTATE /PPORTUNITIES TO CREATE FEE BASED BUSINESSES THROUGH EXTERNAL MANAGEMENT CONTRACTS WITH 2%)4S ALSO EXIST &OR POTENTIAL 2%)4 SHAREHOLDERS THERE IS CLEAR INVESTOR DEMAND FOR A TAX EFkCIENT YIELD DRIVEN INVESTMENT VEHICLE SUCH AS 2%)43 WHICH PROVIDE NOT ONLY HIGHER TRANSPARENCY

PROFESSIONAL MANAGEMENT GREATER LIQUIDITY AND MORE STABLE RETURN

BUT ALSO DIVERSIkCATION FOR THEIR

³Finex B4

A glimpse into the art of managing risk

T

(% IMPORTANCE OF MANAGING VARIOUS BUSINESS RISKS EFFECTIVELY IS WIDELY ACKNOWLEDGED AND ACCEPTED BY BUSINESS LEADERS (OWEVER ONE OF THE MOST COMMON QUESTIONS ) GET AS A CONSULTANT FROM EXECUTIVES AND BUSINESS OWNERS RELATES TO THE JOURNEY OF FORMALIZING THE PROCESSES RELATED TO RISK MANAGEMENT 7HILE MOST HAVE an idea on the concept of EnTERPRISE 2ISK -ANAGEMENT OR %2- MOST OF THE TIME THEY ARE ALSO UNSURE OF WHETHER SUCH IS A PAINSTAKING AND RESOURCE HUNGRY INITIATIVE THAT WOULD LEAD THEM NOWHERE 4O ENLIGHTEN THESE BUSINESS LEADERS ONE WOULD kRST POINT THEM TO A STANDARD DEkNITION OF RISK MANAGEMENT SUCH AS THE ONE FROM THE #OMMITTEE OF 3PONSORING /RGANIZATIONS #/3/ OF THE 4READWAY #OMMISSION ONE OF THE AUTHORITIES ON %2- g4HE CULTURE CAPABILITIES AND PRACTICES INTEGRATED WITH STRATEGY SETTING AND ITS EXECUTION THAT ORGANIZATION RELY ON TO MANAGE RISK IN CREATING

PRESERVING AND REALIZING VALUEu (AVING A READILY AVAILABLE

STANDARD DEkNITION IS VERY HELPFUL IN BRINGING EVERYONE ON THE SAME PAGE 5NFORTUNATELY THERE IS A TENDENCY FOR MOST PEOPLE TO LIMIT %2- TO ITS COMMON DEkNITION WHEN IN REALITY IT HAS SO MUCH MORE TO OFFER -AKE NO MISTAKE THOUGH

SINCE THE DEkNITION OF %2- IS AN EXCELLENT ONE "UT IN ATTEMPTS BY %2- PRACTITIONERS TO STANDARDIZE RISK MANAGEMENT

SOME OF THE INTRICACIES THAT EXPLAIN WHAT MAKES RISK MANAGEMENT IMPORTANT GOT LOST )RONICALLY HAVING A STRUCTURED GUIDANCE ON RISK MANAGEMENT HAS ALSO LED TO THE MISCONCEPTION PARTICULARLY AMONG BUDDING ORGANIZATIONS THAT RISK MANAGEMENT IS gVERY DIFkCULT AND COSTLY TO IMPLEMENTu )N MY VIEW BEYOND RESOURCE CONSTRAINTS IT IS ACTUALLY THIS gLOSS IN TRANSLATIONu THAT S CAUSING MOST ORGANIZATIONS TO OVERLOOK THE IMPORTANCE OF %2- )N FACT OTHER OVERSIGHT FUNCTIONS SUCH AS CORPORATE GOVERNANCE AND AUDIT ALSO SUFFER FROM THIS !LONG WITH RISK MANAGEMENT

THEY ARE SOMETIMES TREATED AS MERE gSECONDARY FUNCTIONSu m

³Needles B4

Corporate News

Ë&#x153; The Manila Times

w w w.manilatimes.net

FRIDAY April 26, 2019

B3

BPI sets P6-B capex; profit hits P6.7B in Q1

BY MAYVELIN U. CARABALLO

L

ISTED Bank of the Philippine Islands (BPI) has set aside about P6 billion in capital expenditures (capex) for this year, with the bulk to be spent on improving its technological capabilities.

In a briefing in Makati City on Thursday, BPI Executive Vice President and Chief Financial /FkCER -ARIA 4HERESA *AVIER SAID the amount was â&#x20AC;&#x153;a combination of spending for technology and [for] the expansion [of] our branch footprint for both regular BPI branches and BanKO branches.â&#x20AC;?

One-third of the total amount, she added, would be spent on information technology (IT).

During the Ayala-led banking giantâ&#x20AC;&#x2122;s annual stockholdersâ&#x20AC;&#x2122; meeting also on Thursday, President AND #HIEF %XECUTIVE /FkCER #EZAR

Consing reported that the lender ALREADY COMPLETED THE kRST PHASE of its digitalization journey.

With this journey now on its second phase, Consing said BPI would ramp up its investment in technology over the next three years. â&#x20AC;&#x153;A successful execution of Phase Two of our digitalization journey could contribute an additional 20-percent revenue uplift over and above our base case projections by 2023,â&#x20AC;? he added.

His statement comes almost two weeks after BPI was struck by fresh

IT troubles after upgrading its systems that saw clients complaining about wrong balances and inaccessible services, among other issues. â&#x20AC;&#x153;We made changes to 21,000 programs, 15,000 lines of codes and 5,100 copy books â&#x20AC;&#x201D; over 41,000 changes in all,â&#x20AC;? Consing said. â&#x20AC;&#x153;Clearly, this was a challenging exercise, and we regret the inconvenience that this caused.â&#x20AC;?

On the rest of the capex, Javier said it would be used to establish 14 regular BPI branches and 100 BanKO branches.

To date, the total number of BPI regular branches and branch lite units combined have reached 1,056.

Q1 performance Also on Thursday, BPI told the Philippine Stock Exchange that

its net income rose to P6.72 BILLION IN THE kRST THREE MONTHS of 2019.

The amount, it said, was a 7.5-percent increase from P6.25 billion in the same period last year.

Total revenues in January to March jumped by 23.5 percent to P22.78 billion, and said to have been driven by the 28.8percent year-on-year growth in net interest income, which hit P16.05 billion.

The increase in net interest income resulted from an 8.8-percent increase in average asset base, and a 50-basis point expansion in net interest margin to 3.39 percent. â&#x20AC;&#x153;Yield on interest-earning assets improved by 109 basis points, partially offset by the increase in cost of funds, owing

ABS-CBN may spend P6B in 2019 with Flipino viewers. â&#x20AC;&#x153;We know weâ&#x20AC;&#x2122;re not going to generate enough revenues yet, but there has to be a discipline on our part to develop [in Filipinos the habit of going] to our platform,â&#x20AC;? Cerrado said.

The same goes for its digital news platform, he added. â&#x20AC;&#x153;The priority is digital.â&#x20AC;?

Also on Thursday, ABS-CBN reported that its plan to go into the beauty, digital payments and food industries had been approved by its shareholders during its annual stockholdersâ&#x20AC;&#x2122; meeting.

Last month, the company said its deal with Ever Bilena Cosmetics Inc. included the creation of a new cosmetics brand. Ownership of this brand will be equally split between the TWO kRMS

LISTED ABS-CBN Corp. may keep its capital expenditures (capex) at P6 billion this year, AN OFkCIAL SAID ON 4HURSDAY â&#x20AC;&#x153;Our capex is about P6 billion [in 2018]... [For] this year, [it] is about the same,â&#x20AC;? Aldrin Cerrado, the Lopez-led media CONGLOMERATE S CHIEF kNANCIAL OFkCER TOLD REPORTERS Cerrado refused to disclose the breakdown of the capex, as THE COMPANY IS YET TO kNALIZE figures. But he said a higher amount would be allocated to digital initiatives as ABS-CBN continues to develop its digital platforms to keep pace.

On its online streaming platFORM I7ANT THE OFkCIAL SAID THE network had been shelling out money to produce content, such as movies and series, exclusively to the platform to gain traction

Index

Value

Chg

%Chg

PSEi

7,894.45

47.46

Ÿ

All Shares

4,867.66

21.61

Ÿ

Financials

1,740.73

9.14

Ÿ

Industrial

11,445.20

-13.38

Ĺş

Holding Firms

7,554.35

-31.75

Ĺş

Services

1,587.31

9.88

Ÿ

Mining and Oil

7,818.96

-52

Ĺş

Property

4,321.29

91.73

Ÿ

On its venture with informaTION AND TECHNOLOGY kRM I"AYAD Online Ventures on providing e-wallet and e-money services, ABS-CBN will hold a 51-percent stake in the company to be formed, while IBayad will own 49 percent.

For the food business, ABSCBN will invest in The Chosen Bun Inc. â&#x20AC;&#x153;to provide consumers with new food products that are healthy and affordable.â&#x20AC;?

Japhet Louis Tantiangco, research analyst at Philstocks Financial Inc., told The Manila Times that he regarded this move as helping ABS-CBN BOOST ITS kNANCIAL RESULTS PARticularly for the food and digital payments segments. â&#x20AC;&#x153;The expanding economy and decelerating inflation, if sustained, provide a lot of op-

portunities for food businesses,â&#x20AC;? he said, noting â&#x20AC;&#x153;the growing ROLE OF kNANCIAL TECHNOLOGY IN the country.â&#x20AC;?

Timson Securities Inc. trader Jervin de Celis also told The Times that while this might not have an â&#x20AC;&#x153;immediateâ&#x20AC;? impact on its bottomline, the media group could leverage on this â&#x20AC;&#x153;in the long run.â&#x20AC;?

Tantiango, however, said ABSCBN might have a hard time benefiting from the cosmetics business, â&#x20AC;&#x153;given the excise taxes and foreign competition.â&#x20AC;? But de Celis said the company could bank on this, as â&#x20AC;&#x153;some of their talents are selling cosmetic products to consumers.â&#x20AC;?

ABS-CBN shares fell by 16 cenTAVOS OR PERCENT TO kNISH AT P19.04 apiece on Thursday.

LISBET K. ESMAEL

HOLDING FIRMS

TOP ACTIVE STOCKS

SERVICES

Stock indices as of April 25, 2019

PSEi

ALL SHARES

MINING AND OIL

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

to higher time deposit rates, and an increase in other borrowings,â&#x20AC;?

BPI said.

Total loans as of March 31 stood at P1.35 trillion, an 11.5-percent increase year-on-year, which was traced from the strong growth in corporate (11.8 percent), credit card (20.3 percent) and housing (9.9 percent) loans.

Total deposits rose by 1.3 percent to P1.61 trillion in the period. Current account and savings account ratio stood at 70.3 percent, while the loan-todeposit ratio was at 83.9 percent.

Noninterest income registered a 12.4-percent increase to P6.73 billion from the January-toMarch 2018 figure, which BPI â&#x20AC;&#x153;attributed to increases in transaction-based service charges, credit card and rental businesses, and income from assets sold.â&#x20AC;?

Operating expenses totaled P12.07 billion, a 23.8-percent rise year-on-year, across all major categories, primarily in technology and premises, the lender said. It added that this reflected the impact of the bankâ&#x20AC;&#x2122;s continued investments in technology, digitalization and its microfinance branch network.

Total assets stood at P2.08 trillion, up 8.9 percent. Return on assets was 1.34 percent.

BPIâ&#x20AC;&#x2122;s stock rights offering last May boosted its total capital by 35.6 percent to P257.11 billion.

Its indicative capital adequacy and common equity tier 1 ratios were at 16.57 percent and 15.68 percent, respectively.

BPI shares fell by 50 centavos or 0.61 percent to close at P81.50 each on Thursday.

Melco board OKs equity restructuring MELCO Resorts and Entertainment Philippines Corp. is planning to undergo equity restructuring to entirely wipe out its ACCUMULATED DEkCIT The listed resort operator told the Philippine Stock Exchange (PSE) on Thursday that its board of directors approved during a special board meeting on Wednesday a restructuring plan involving applying a portion of its additional paid-in capital worth P22.26 billion as of Dec. 31, 2018 to elimiNATE ITS 0 MILLION DEkCIT It also involved increasing in the par value of Melcoâ&#x20AC;&#x2122;s common shares from P1 to P500,000 apiece and reduce the total number of common shares to 11,800 from 5.9 billion.

Should the stock split result in fractional shares, Melco said majority shareholder MCO Philippines Investments Ltd., would

Security Name Ayala Land, Inc. GT Capital Holdings, Inc. SM Prime Holdings, Inc. International Container Terminal Services, Inc. BDO Unibank, Inc. Jollibee Foods Corporation Ayala Corporation Megaworld Corporation Metropolitan Bank & Trust Company PXP Energy Corporation SM Investments Corporation Puregold Price Club, Inc. Bank of the Philippine Islands PLDT Inc. Bloomberry Resorts Corporation Universal Robina Corporation JG Summit Holdings, Inc. 0HWUR 3DFLÂżF ,QYHVWPHQWV &RUSRUDWLRQ Alliance Global Group, Inc. Globe Telecom, Inc.

Last Price Chg 50 1.5 852 1 41 0.8 124 2.6 134 0.4 303 2.6 885 1 6 -0.01 76.85 1.15 8.57 -0.67 950 0 44 0.85 81.5 -0.5 1,234.00 2 13 0.4 143.6 -1.9 65 -0.65 4.44 0.04 14.82 0.32 1,780.00 -10

%Chg 3.13% 0.12% 2.00% 2.14% 0.30% 0.87% 0.11% -0.18% 1.52% -7.25% 0% 1.97% -0.61% 0.16% 3.17% -1.31% -0.99% 0.91% 2.21% -0.56%

be willing to purchase all these from stockholders using the same pre-reverse stock split offer of P7.25 each.

Melco runs City of Dreams Manila, which was expected to exit the bourseâ&#x20AC;&#x2122;s main board in June AFTER ITS PUBLIC lOAT FELL BELOW THE mandated ownership.

Under PSE rules, a company is automatically removed from the ROSTER OF PUBLIC kRMS WHEN IT FAILS to meet the 10-percent mandated lOAT SIX MONTHS UPON CROSSING OF the tendered shares. Melcoâ&#x20AC;&#x2122;s crossoffer was executed last December.

Melco intended to voluntarily delist from PSE last year, but later withdrew the plan over issues on the tender offer price.

MCO, however, pursued the offer and bought back 96 percent of Melcoâ&#x20AC;&#x2122;s total outstanding stock.

ANGELICA BALLESTEROS

Ÿ Ÿ Ÿ Ÿ Ÿ Ÿ Ÿ ź Ÿ ź Ÿ ź Ÿ Ÿ ź ź Ÿ Ÿ ź

Volume 18,473,500.00 516,500.00 10,315,000.00 3,219,290.00 2,058,430.00 906,290.00 254,930.00 36,098,000.00 2,432,760.00 19,632,700.00 183,520.00 3,794,900.00 1,901,340.00 99,875.00 9,408,200.00 807,600.00 1,743,150.00 23,351,000.00 6,762,700.00 53,280.00

Value(P) 901,647,970.00 441,944,095.00 416,676,840.00 398,531,417.00 275,719,018.00 274,904,516.00 225,800,370.00 201,848,961.00 185,139,245.50 182,927,943.00 173,739,845.00 166,508,285.00 155,243,140.00 122,224,560.00 120,634,382.00 116,045,212.00 112,753,678.00 103,662,610.00 99,356,454.00 94,930,560.00

*amounts in peso, except for volume, %chg

TOP GAINERS

FINANCIALS

INDUSTRIAL

PROPERTY

INDEX HISTORY Date Apr 25, 2019 Apr 24, 2019 Apr 23, 2019 Apr 22, 2019 Apr 17, 2019 Apr 16, 2019 Apr 15, 2019 Apr 12, 2019 Apr 11, 2019 Apr 10, 2019 Apr 08, 2019 Apr 05, 2019 Apr 4, 2019 Apr 3, 2019 Apr 2, 2019 Apr 1, 2019 Mar 29, 2019 Mar 28, 2019 Mar 27, 2019 Mar 26, 2019 Mar 25, 2019 Mar 22, 2019 Mar 21, 2019 Mar 20, 2019 Mar 19, 2019 Mar 18, 2019 Mar 15, 2019 Mar 14, 2019 Mar 13, 2019 Mar 12, 2019

Open 7,848 7,799 7,827 7,840 7,833 7,800 7,888 7,971 7,991 7,976 7,879 7,866 7,893 7,880 7,854 7,923 7,891 7,898 7,916 7,875 7,994 7,957 7,876 7,848 7,864 7,795 7,748 7,742 7,726 7,728

High 7,894 7,847 7,835 7,859 7,861 7,860 7,915 7,980 8,000 8,009 7,955 7,887 7,898 7,895 7,894 7,924 7,921 7,898 7,916 7,911 7,994 8,032 7,955 7,876 7,879 7,873 7,798 7,764 7,766 7,774

Low 7,832 7,799 7,770 7,818 7,824 7,799 7,788 7,881 7,956 7,953 7,879 7,866 7,836 7,861 7,854 7,810 7,887 7,856 7,841 7,869 7,808 7,951 7,869 7,824 7,843 7,761 7,702 7,719 7,725 7,728

Close 7,894 7,847 7,819 7,832 7,835 7,826 7,788 7,881 7,956 8,009 7,916 7,873 7,854 7,895 7,879 7,840 7,921 7,876 7,861 7,907 7,863 8,013 7,955 7,858 7,843 7,873 7,798 7,750 7,766 7,748

CLOSE

No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Security Name MJC Investments Corporation Benguet Corporation â&#x20AC;&#x153;Aâ&#x20AC;?

Philippine Racing Club, Inc. Easycall Communications Phils., Inc. Berjaya Philippines, Inc. Philippine Trust Company PH Resorts Group Holdings, Inc. 'HO 0RQWH 3DFLÂżF /LPLWHG Manila Mining Corporation â&#x20AC;&#x153;Aâ&#x20AC;?

Roxas and Company, Inc. Ferronoux Holdings, Inc. Italpinas Development Corporation Ism Communications Corporation 8990 Holdings, Inc. Macay Holdings, Inc. Chelsea Logistics Holdings Corp.

Mabuhay Holdings Corporation Xurpas Inc. Metro Alliance Holdings & Equities Corp. â&#x20AC;&#x153;Aâ&#x20AC;?

Bloomberry Resorts Corporation

Volume 6,000.00 8,000.00 200.00 2,083,000.00 2,525,000.00 70.00 89,000.00 16,500.00 3,000,000.00 3,000.00 190,000.00 2,414,100.00 2,627,000.00 2,178,600.00 15,100.00 2,360,300.00 5,000.00 4,869,000.00 164,000.00 9,408,200.00

Value Last Price Chg 20,310.00 3.39 0.64 12,280.00 1.57 0.29 1,630.00 8.15 1.04 28,010,848.00 13.5 1.52 6,401,780.00 2.55 0.27 7,830.00 121.8 11.7 361,340.00 4.18 0.28 97,996.00 5.99 0.39 26,600.00 0.0087 0.0005 5,170.00 1.74 0.09 894,110.00 4.74 0.23 12,660,255.00 5.3 0.25 12,967,530.00 5.11 0.21 31,064,506.00 14.5 0.56 154,286.00 10.58 0.38 12,212,391.00 5.29 0.19 2,840.00 0.58 0.02 5,614,040.00 1.17 0.04 297,900.00 1.84 0.06 120,634,382.00 13 0.4

%Chg 23.27% 22.66% 14.63% 12.69% 11.84% 10.63% 7.18% 6.96% 6.10% 5.45% 5.10% 4.95% 4.29% 4.02% 3.73% 3.73% 3.57% 3.54% 3.37% 3.17%

*amounts in peso, except for volume, %chg

TOP LOSERS

HIGH

No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20

Security Name Manila Broadcasting Company Greenergy Holdings Incorporated Oriental Petroleum And Minerals Corporation â&#x20AC;&#x153;Aâ&#x20AC;?

PXP Energy Corporation Euro-Med Laboratories Phils., Inc. Paxys, Inc. Philippine Infradev Holdings, Inc. Shakeyâ&#x20AC;&#x2122;s Pizza Asia Ventures, Inc. Lorenzo Shipping Corporation Petroenergy Resources Corporation SOCResources, Inc. Discovery World Corporation D&L Industries, Inc. Millennium Global Holdings, Inc. Philippine Seven Corporation â&#x20AC;&#x153;Commonâ&#x20AC;?

Aboitiz Equity Ventures, Inc. &HQWXU\ 3DFLÂżF )RRG ,QF Roxas Holdings, Inc. PHINMA Petroleum and Geothermal, Inc. Cemex Holdings Philippines, Inc.

*amounts in peso, except for volume, %chg

Volume 1,000.00 18,832,000.00 8,300,000.00 19,632,700.00 26,000.00 15,000.00 6,173,000.00 560,700.00 1,498,000.00 96,000.00 1,251,000.00 1,000.00 5,681,400.00 510,000.00 1,300.00 1,299,830.00 175,000.00 26,000.00 9,000.00 8,080,000.00

Value Last Price Chg 15,092.00 15.08 -1.9 48,658,310.00 2.5 -0.24 99,700.00 0.012 -0.001 182,927,943.00 8.57 -0.67 41,240.00 1.56 -0.12 46,650.00 3.11 -0.19 10,425,400.00 1.66 -0.1 6,974,672.00 12.34 -0.64 1,218,890.00 0.83 -0.04 433,020.00 4.4 -0.2 1,182,180.00 0.94 -0.04 2,050.00 2.05 -0.08 60,595,404.00 10.6 -0.4 98,530.00 0.202 -0.007 150,650.00 116 -4 70,734,549.50 54 -1.85 2,674,782.00 15.18 -0.5 56,430.00 2.15 -0.07 27,950.00 3.1 -0.1 15,492,360.00 1.9 -0.06

%Chg -11.19% -8.76% -7.69% -7.25% -7.14% -5.76% -5.68% -4.93% -4.60% -4.35% -4.08% -3.76% -3.64% -3.35% -3.33% -3.31% -3.19% -3.15% -3.13% -3.06%

B4

Foreign Business

FRIDAY April 26, 2019

Ghosn wins second bail from Japan court T

OKYO: Former Nissan chief Carlos Ghosn looked set to walk out of his Tokyo detention center after winning bail on Thursday to prepare his defense against MULTIPLE CHARGES OF kNANCIAL MISCONDUCT 4HE YEAR OLD AUTOMOBILE SECTOR TITAN PAID MILLION YEN MILLION IN BAIL AS HE FACES FOUR CHARGES RANGING FROM CONCEALING PART OF HIS SALARY FROM SHAREHOLDERS TO SYPHONING OFF .ISSAN FUNDS FOR HIS PERSONAL USE 4 H E C O U R T WA S C O N S I D E R ING AN APPEAL BY PROSECUTORS

BUT 'HOSN SHOULD EMERGE FROM THE +OSUGE CENTER IN NORTHERN 4OKYO LATER ON 4HURSDAY BARRING A LAST MINUTE HITCH !CCORDING TO CONDITIONS SET BY THE COURT 'HOSN CANNOT LEAVE *APAN AND IS SUBJECT TO OTHER RESTRICTIONS TO PREVENT HIM FROM

ATTEMPTING TO lEE OR DESTROY EVIDENCE RELATING TO THE CASE (IS LAWYER *UNICHIRO (IRONAKA SAID THESE CONDITIONS INCLUDED RESTRICTIONS ON SEEING HIS WIFE

WHO PROSECUTORS SUSPECT HAS MADE CONTACT WITH PEOPLE INVOLVED IN the case.

(IRONAKA TOLD REPORTERS THAT 'HOSN S BAIL CONDITIONS INCLUDED AN gAPPROVAL SYSTEMu TO SEE HIS WIFE #AROLE g)F THE COURT APPROVES IT SHE WILL BE ABLE TO MEET HIM u HE SAID 'HOSN DENIES ALL THE CHARGES

WITH A SPOKESMAN FOR THE EXECUTIVE SAYING ON -ONDAY HE WOULD gVIGOROUSLY DEFEND HIMSELF AGAINST

ERED A NEW SCHEME USED BY ILLICIT TOBACCO TRADERS TO AVOID TAXES 2ECYCLED TAX STAMPS Â&#x2021; GATHERED THROUGH A PROMO WHERE TO PRODUCING COUNTERFEITS USING THESE ARE EXCHANGED FOR GOODS UNDOCUMENTED MACHINES FROM Â&#x2021; ARE REPORTEDLY BEING USED TO SELL FAKE CIGARETTES #HINA MAYVELIN U. CARABALLO 4HE BUREAU ALSO RECENTLY DISCOV-

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Businessman

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Public &$# !T THE STOCK S PRICE OF 0 PER &$# COMMON SHARE ! , 'OTIANUN PAID 0 MILLION FOR THE ADDITIONAL &$# COMMON SHARES 4HE ACQUISITIONS ALSO EXPANDED THE COMPANY S OWNERSHIP TO BILLION &$# COMMON SHARES OR PERCENT OF BILLION OUTSTANDING &$# COMMON SHARES ACCORDING TO THE COMPANY S kLING

Corporate stockholder #RESCITA 5NITED )NC INCREASED ON !PRIL

ITS HOLDINGS IN &ILINVEST $EVELOPMENT TO &$# COMMON SHARES AFTER IT BOUGHT &$# COMMON SHARES IN THREE TRADES m SHARES AT 0 EACH SHARES AT 0 EACH AND

SHARES AT 0 EACH &$# COMMON SHARES OPENED TRADING ON !PRIL AT 0 HIT A HIGH OF 0 FELL TO A LOW OF 0 AND CLOSED THE SESSION AT 0 4HE STOCK PEAKED AT DAY HIGH OF 0 ON -ARCH

BUT DROPPED TO A MONTH S LOW OF 0

!YALA ,AND )NC !,) HAS BILLION OUTSTANDING COMMON SHARES OF WHICH BILLION COMMON SHARES ARE LISTED ON THE 0HILIPPINE 3TOCK %XCHANGE 03% ! PUBLIC OWNERSHIP REPORT 0/2 AS OF -ARCH LISTED !YALA #ORP AS HOLDER OF BILLION !,) COMMON SHARES OR PERCENT OF BILLION

Facebook earnings down 51% to $2.4B

SUBSTANTIAL EVIDENCE OF BLATANTLY UNETHICAL CONDUCT u g&URTHER DISCOVERIES RELATED TO 'HOSN S MISCONDUCT CONTINUE TO EMERGE u HE ADDED 'HOSN HAS ALREADY BEEN GRANTED BAIL ONCE POSTING MILLION AND VOWING NOT TO LEAVE *APAN AND TO LIVE IN A SMALL COURT APPOINTED APARTMENT IN CENTRAL 4OKYO Â&#x2021; A FAR CRY FROM HIS FORMER LUXURY SUITE ,AST TIME HE LEFT THE DETENTION CENTER IN NORTHERN 4OKYO HE WAS DRESSED IN A CAP FACE MASK AND WORKMAN S UNIFORM IN AN APPARENT ATTEMPT TO EVADE DOZENS OF JOURNALISTS FROM AROUND THE WORLD HOPING TO SNAP A PICTURE OF THE FALLEN TYCOON 4HE BIZARRE STUNT WAS COOKED UP BY ONE OF HIS LAWYERS 4AKASHI 4AKANO WHO LATER APOLOGIZED FOR gTAINTINGu THE REPUTATION OF HIS CLIENT WHO USUALLY APPEARS IN PUBLIC in sharp suits.

AFP

THE EXPECTED &4# kNE g7E HAD A GOOD QUARTER AND OUR BUSINESS AND COMMUNITY CONTINUE TO GROW u SAID &ACEBOOK chief executive and co-founder -ARK :UCKERBERG g7E ARE FOCUSED ON BUILDING OUT OUR PRIVACY FOCUSED VISION FOR THE FUTURE OF SOCIAL NETWORKING

AND WORKING COLLABORATIVELY TO ADDRESS IMPORTANT ISSUES AROUND THE INTERNET u 4HE LATEST RESULTS SHOWED gSOLID PERFORMANCE IN REVENUE AND USER GROWTH u SAID ANALYST $EBRA !HO 7ILLIAMSON OF THE RESEARCH kRM E-ARKETER 7ILLIAMSON SAID ADVERTISERS ARE STAYING WITH &ACEBOOK DESPITE CONTROVERSIES THAT HAVE BELEAGUERED THE SOCIAL NETWORKING GIANT g7HILE MARKETERS MAY SAY PRIVATELY THAT THEY DO WORRY ABOUT &ACEBOOK S PROBLEMS WITH FAKE NEWS ELECTION MEDDLING PRIVACY AND MORE THEY WORRY MORE ABOUT THEIR OWN kNANCIAL HEALTH AND &ACEBOOK IS STILL A MAJOR PARTNER IN THAT REGARD u 7ILLIAMSON SAID AFP

THESE HEAVYWEIGHTS IF THEY CONTINUE THEIR UPWARD PUSH u HE ADDED 4HE LOCAL MARKET BUCKED MOST OF ITS GLOBAL COUNTERPARTS /N 7ALL 3TREET THE $OW *ONES AND 3 0 gSAFE HAVEN u WERE DOWN BY PERCENT WHILE g-ARKET FOR THE LAST DAY OF THE .ASDAQ DROPPED PERCENT WEEK SHOULD TAKE ITS CUES FROM )N THE REGION ONLY 4OKYO AND "ANG-

KOK kNISHED IN THE GREEN UP PERCENT AND PERCENT RESPECTIVELY %LSEWHERE 3HANGHAI PLUNGED PERCENT (ONG +ONG DECLINED PERCENT 3EOUL DECREASED PERCENT *AKARTA FELL PERCENT

AND 3INGAPORE SLIPPED PERCENT )N -ANILA MINING AND OIL HOLD-

ING kRMS AND INDUSTRIAL SECTORS WERE DOWN PERCENT PERCENT AND PERCENT RESPECTIVELY -ORE THAN MILLION ISSUES WERE TRADED VALUED AT 0 BILLION 7INNERS LED LOSERS TO

WHILE ISSUES WERE UNCHANGED ANGELICA BALLESTEROS

THESE BASELESS ACCUSATIONS AND FULLY EXPECTS TO BE VINDICATED u 4HE SPOKESMAN SAID 'HOSN WAS BEING DETAINED gUNDER CRUEL AND UNJUST CONDITIONS IN VIOLATION OF HIS HUMAN RIGHTS IN AN EFFORT BY prosecutors to coerce a confession FROM HIM u /N -ONDAY HE WAS HIT WITH WHAT EXPERTS HAVE DESCRIBED AS THE MOST SERIOUS CHARGES YET AS PROSECUTORS ACCUSED HIM OF SYPHONING OFF MILLION OF .ISSAN CASH TRANSFERRED FROM THE COMPANY TO A DEALERSHIP IN /MAN (E ALSO FACES TWO CHARGES OF DEFERRING SOME MILLION OF HIS SALARY AND HIDING THIS IN OFkCIAL DOCUMENTS TO SHAREHOLDERS AND SEEKING TO SHIFT PERSONAL INVESTMENT LOSSES TO THE kRM DURING THE kNANCIAL CRISIS ! .ISSAN SPOKESMAN SAID IN A STATEMENT THAT THE COMPANY S gINTERNAL INVESTIGATION HAS UNCOVERED

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Sy, Ayala

OUTSTANDING !,) COMMON SHARES 7ITH !# AS THE MAJORITY STOCKHOLDER

!YALA ,AND CLASSIkED THE PUBLIC AS THE MAJORITY BEING THE HOLDERS OF BILLION !,) COMMON SHARES OR PERCENT !,) S PERCENTAGE OF OWNERSHIP TOPPED EVEN !# OWNED !,) COMMON SHARES WHICH WERE THEN EQUIVALENT TO PERCENT $ESPITE THEIR MAJORITY OWNERSHIP !,) S PUBLIC STOCKHOLDERS HAVE NOT SEEN THE COMPANY S BOARDROOM BECAUSE THEY ARE NOT REPRESENTED IN THE NINE PERSON BOARD )NSTEAD THEIR SEATS ARE TAKEN BY THREE INDEPENDENT DIRECTORS NAMELY *AIME # ,AYA 2IZALINA ' -ANTARING AND #ESAR 6 0URISIMA )N A DEkNITIVE INFORMATION STATEMENT $)3 IN CONNECTION WITH 7EDNESDAY S ANNUAL STOCKHOLDERS MEETING !,) SAID ITS OUTSTANDING SHARES CONSIST OF BILLION COMMON SHARES AND BILLION PREFERRED SHARES "OTH CLASSES OF SHARES

ACCORDING TO THE $)3 ARE VOTING WHICH MEANS gONE VOTE PER SHARE u ! COMPUTATION RESULTED IN BILLION !,) PREFERRED SHARES EQUIVALENT TO PERCENT OF BILLION OUTSTANDING !,) COMMON SHARES

Ayala Landâ&#x20AC;&#x2122;s GIS

ALIâ&#x20AC;&#x2122;s public ownership report

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SAN FRANCISCO: &A C E B O O K O N 7EDNESDAY REPORTED QUARTERLY PROkT SANK PERCENT FROM A YEAR EARLIER DUE TO SETTING ASIDE BILLION FOR AN ANTICIPATED kNE FROM 53 REGULATORS 4HE LEADING SOCIAL NETWORK LOGGED A PROkT OF BILLION ON REVENUE THAT CLIMBED PERCENT TO BILLION IN THE kRST THREE MONTHS OF THIS YEAR 4HE NUMBER OF MONTHLY ACTIVE USERS OF &ACEBOOK AT THE END OF -ARCH WAS BILLION UP EIGHT PERCENT FROM A YEAR AGO &ACEBOOK ESTIMATED THAT IT WILL BE HIT WITH A kNE OF FROM BILLION TO BILLION BY THE 53 &EDERAL 4RADE #OMMISSION FOR gUSER DATA PRACTICESu AND FACTORED THAT INTO ITS EARNINGS REPORT g4HE MATTER REMAINS UNRESOLVED AND THERE CAN BE NO ASSURANCE AS TO THE TIMING OR THE TERMS OF ANY kNAL OUTCOME u THE #ALIFORNIA BASED COMPANY SAID IN THE RELEASE &ACEBOOK QUARTERLY PROkT WOULD HAVE TOPPED 7ALL 3TREET FORECASTS IF NOT FOR THE MONEY PUT ASIDE FOR

Still suspended ! PUBLIC OWNERSHIP REPORT 0/2 AS OF -ARCH SHOWED THE PUBLIC AS HOLDERS OF MILLION COMMON SHARES OR PERCENT OF MILLION OUTSTANDING COMMON SHARES OF 0RIMETOWN 0ROPERTY 'ROUP )NC 0-4 4HE kLING LISTED 5#0" 3ECURITIES )NC AS A DIRECT STOCKHOLDER WITH MILLION 0-4 COMMON SHARES OR PERCENT )TS HOLDINGS TOTALED MILLION 0-4 COMMON SHARES OR PERCENT

INCLUDING MILLION 0-4 COMMON SHARES OR PERCENT WHICH IT INDIRECTLY OWNED !LSO AS OF -ARCH

0#$ .OMINEE #ORP WAS 0RIMETOWN S BIGGEST STOCKHOLDER )T TOPPED THE LIST OF THE COMPANY S STOCKHOLDERS WITH MILLION 0-4 COMMON SHARES OR PERCENT 4HREE 9APS FOLLOWED 0#$ .OMINEE 4HEIR HOLDINGS TOTALLED

0-4 COMMON SHARES OR PERCENT OF MILLION OUTSTANDING COMMON SHARES 4RADING ON 0-4 COMMON SHARES REMAINS SUSPENDED SINCE -ARCH

WHEN THE STOCK WAS TRADED AT 0 THROUGHOUT THE SESSION

Ë&#x153; The Manila Times

! GENERAL INFORMATION SHEET ')3 SHOWED !YALA ,AND WITH BILLION AUTHORIZED CAPITAL STOCK !#3 DIVIDED INTO BILLION !,) COMMON SHARES AND BILLION !,) PREFERRED SHARES )T HAD &ILIPINO STOCKHOLDERS OWNING BILLION COMMON SHARES OR PERCENT OF BILLION OUTSTANDING SHARES ! COMPUTATION RESULTED IN &ILIPINO OWNED BILLION COMMON SHARES EQUIVALENT TO PERCENT OF BILLION OUTSTANDING !,) SHARES CONSISTING OF BOTH COMMON AND PREferred shares. !YALA ,AND ACCORDING TO THE ')3 AS OF

HAD STOCKHOLDERS WHO WERE HOLDERS OF BILLION COMMON AND PREFERRED SHARES /F STOCKHOLDERS

&ILIPINOS HELD BILLION PREFERRED SHARES OR PERCENT OF BILLION OUTSTANDING !,) COMMON and preferred shares. !N EXPANDED COMPUTATION SHOWED

STOCKHOLDERS HELD BILLION PREFERRED SHARES OR PERCENT OF PERCENT OF BILLION OUTSTANDING COMMON AND PREFERRED SHARES 7HEN COMPUTED BASED ONLY ON OUTSTANDING PREFERRED SHARES THE RESULTS WERE AS FOLLOWS &ILIPINOS OWNED BILLION PREFERRED SHARES OR PERCENT OF BILLION OUTSTANDING PREFERRED SHARES /N THE OTHER HAND FOREIGNERS HELD PREFERRED SHARES OR PERCENT OF BILLION OUTSTANDING preferred shares. .OTE #OMPUTATIONS WERE BASED ON

OUTSTANDING !,) SHARES OF WHICH

WERE PREFERRED SHARES

Q FINEX FROM B2

REITâ&#x20AC;&#x2122;s LOCAL AND GLOBAL PORTFOLIOS !LL OF THESE WERE MEANT TO BE UNLOCKED IN WITH THE PASSAGE OF THE 2%)4 !CT (OWEVER MARKET PLAYERS WHO INTENDED TO TAP THE 2%)4 MARKET WERE STALLED BY TIGHT LEGAL AND REGULATORY REQUIREMENTS &IRST THERE WAS A PREVIOUS LACK OF LEGISLATIVE CLARITY ON WHETHER VALUE ADDED TAX 6!4 APPLIES TO THE TRANSFERS OF REAL PROPERTIES TO 2%)4 COMPANIES 3ECOND

3%# S -EMORANDUM #IRCULAR .O 3ERIES OF WHICH AMENDED THE )22 OF THE 2%)4 ,AW HAS INCREASED THE MINIMUM PUBLIC OWNERSHIP -0/ REQUIREMENT FOR A 2%)4 FROM PERCENT TO PERCENT AT THE INITIAL YEAR AND TO BE FURTHER INCREASED TO PERCENT WITHIN THREE YEARS FROM LISTING )N ADDITION PRIOR TO COMPLIANCE WITH THE PERCENT -0/ REQUIREMENT A 2%)4 IS REQUIRED TO PLACE IN ESCROW THE INCOME TAX COLLECTIBLE FROM THE 2%)4 ON THE DIVIDEND IT DECLARED AND DEDUCTED FROM ITS TAXABLE

Q NEEDLES FROM B2

A glimpse OR GOOD TO HAVES IN SOME ORGANIZATIONS 4HIS HAS PREVENTED ORGANIZATIONS FROM HARNESSING THE BENEkTS OF HAVING AN APPROPRIATELY STRUCTURED %2- AND OVERSIGHT SYSTEMS IN PLACE )N STARTING THE CONVERSATION FOR %2- JOURNEY IN ANY ORGANIZATION LET ME SHARE MY TWO IMPORTANT VIEWS

Important, yet overlooked role in strategy and operations )N MOST LARGE ORGANIZATIONS THE RESPONSIBILITY FOR RISK MANAGEMENT LIES WITH SELECT GROUPS OF INDIVIDUALS COLLECTIVELY KNOWN AS THE BOARD RISK OVERSIGHT COMMITTEE AND THE RISK MANAGEMENT DEPARTMENT 7HILE THESE GROUPS ARE INDEED INVOLVED IN %2- THEIR ROLE IS MAINLY TO OVERSEE AND ENSURE RISKS ARE APPROPRIATELY BEING IDENTIkED MONITORED MANAGED ETC )N REALITY THOUGH THE ONES DIRECTLY RESPONSIBLE FOR MANAGING RISKS ARE THE OPERATIONAL UNITS THEMSELVES OR THOSE WHO HAVE A MORE THOROUGH UNDERSTANDING OF THE RISKS SURROUNDING DAY TO DAY OPERATIONS &URTHERMORE THE PROCESS OF MANAGING RISK SHOULD NOT BEGIN WITH THE EXECUTION OF BUSINESS PLANS )T SHOULD START EARLIER m DURING STRATEGY FORMULATION )N CRAFTING THE STRATEGY THE RISKS THAT MAY PREVENT IT FROM BEING IMPLEMENTED NEED TO BE CONSIDERED 4HE CORRECT TACTICS AND MECHANISMS TO ADDRESS THESE RISKS MUST ALSO BE IDENTIkED EARLY ON TO ENSURE THE SUCCESS OF THE STRATEGY 4HINK OF IT THIS WAY m WHEN YOU START

INCOME &URTHER THE ESCROWED INCOME TAX AMOUNT SHALL BE RELEASED TO THE 2%)4 ONLY UPON SHOWING OF PROOF OF COMPLIANCE WITH THE PERCENT -0/ REQUIREMENT

OTHERWISE IT SHALL BE RELEASED IN FAVOR OF THE GOVERNMENT

INVESTING PUBLIC THAT THEIR INVESTMENTS ARE REINVESTED IN THE 0HILIPPINES 4HE 2%)4 !CT ACHIEVES THIS BY EMPOWERING THE 3%# TO RESTRICT FOREIGN INVESTMENT OF 2%)4S WHICH WILL SURELY BE ECHOED AND REINFORCED BY 0HILIPPINE 3TOCK %XCHANGE S 03% RULES AND GUIDELINES 'IVEN THAT THE MAJOR HURDLES SURROUNDING THE EMERGENCE OF 2%)4S IN THE 0HILIPPINES ARE SLOWLY UNRAVELLING MAY kNALLY BE THE YEAR FOR THIS INVESTMENT VEHICLE TO MATERIALIZE 7ITH THE STRONG SUPPORT OF STAKEHOLDERS COUPLED WITH THE ALIGNMENT OF GOVERNMENT AGENCIES ON ITS IMPLEMENTATION &ILIPINOS SHOULD LOOK FORWARD TO THIS INNOVATIVE OPTION TO DIVERSIFY THEIR INVESTMENT PORTFOLIOS

7HILE THE NON APPLICABILITY OF 6!4 TO REAL PROPERTY TRANSFERS HAS BEEN CLARIkED LAST YEAR BY 4HE 4AX 2EFORM FOR !CCELERATION AND )NCLUSION 42!). !CT AND THE "UREAU OF )NTERNAL 2EVENUE ")2 THE HIGHER PUBLIC lOAT REQUIREMENT CONTINUES TO POSE A CHALLENGE TO STAKEHOLDERS FROM TAPPING THE 2%)4 MARKET ! REVISED 2%)4 GUIDELINES FROM THE 3%# m AIMED TO BE RELEASED ON THE kRST HALF OF m IS EXPECTED TO FAVORABLY RECALIBRATE THE -0/ BACK TO THE ORIGINAL PERCENT OF THE 2%)4 S OUTSTANDING CAPITAL STOCK -EANWHILE IF THERE S ONE THING THAT THE GOVERNMENT IS CONSISTENT OF WHEN IT COMES TO 2%)4 IT S THE POLICY OF REINVESTMENT IN THE 0HILIPPINES 4HROUGH THE $EPARTMENT OF &INANCE THE GOVERNMENT HAS ADOPTED A POLICY ALLOWING 2%)4 COMPANIES TO AVAIL OF TAX BREAKS WHICH AIMS TO ASSURE THE

!449 -!2+ 3 '/22)#%4! IS -ANAGING 0ARTNER AND HEAD OF THE #ORPORATE 'ROUP OF 'ORRICETA !FRICA #AUTON 3AAVEDRA WWW GORRICETALAW COM (E IS CONSIDERED AN EXPERT IN CAPITAL MARKETS AND SECURITIES LAW (E IS ALSO LEGAL COUNSEL TO SOME OF THE LARGEST REAL ESTATE COMPANIES IN THE 0HILIPPINES (E IS 6ICE #HAIRMAN OF &).%8 S )#4 #OMMITTEE

THE PROCESS OF BUILDING A HOUSE YOU BEGIN BY IDENTIFYING THE MATERIALS STRATEGY COMPONENTS THAT YOU WANT !S YOU LOOK AT THE AVAILABLE OPTIONS YOU DEBATE ON THE PROS AND CONS OF USING EACH MATERIAL RISK IDENTIkCATION CAREFULLY CONSIDERING HOW THEY WOULD HELP BUILD A STURDY HOUSE RISK ASSESSMENT 9OU ALSO TRY TO DETERMINE WHICH AREAS OF THE HOUSE WILL BE MORE PRONE TO DAMAGE REWORKING THE DESIGN RISK MITIGATION AS NEEDED 4HIS ENSURES THAT THE HOUSE CAN BE USED OPERATED FOR ITS INTENDED PURPOSE STRATEGY AND WILL BE DURABLE AND LONG LASTING m ONE THAT WOULD REQUIRE INFREQUENT AND LESS COSTLY MAINTENANCE IN THE LONG RUN CONTINUING RISK MANAGEMENT EFFORTS !PPLIES TO ALL BUSINESSES REGARDLESS OF SIZE AND INDUSTRY )T IS NEVER TOO LATE OR EARLY TO START DOING %2-Â&#x2021;ORGANIZATIONS NEED TO kND THE RIGHT %2- APPROACH THAT SUITS THEM !S AN EXAMPLE SMALL AND MEDIUM SIZED ENTERPRISES 3-%S CAN TAKE BABY STEPS 4HEY DON T NEED TO IMMEDIATELY GO FOR A SOPHISTICATED IMPLEMENTATION RIGHT OFF THE BAT 'IVEN THE OWNER S ACTIVE HAND IN DAY TO DAY MANAGEMENT AND AWARENESS OF WHAT S HAPPENING ON THE GROUND %2- CAN BE AS BASIC AS KEEPING AND MAINTAINING A RISK CONSCIOUS MINDSET &OR INSTANCE HE THINKS OF WHAT COULD GO WRONG AND WHAT TO DO IF A MAJOR CUSTOMER GOES OUT OF BUSINESS /R A WAREHOUSE FOR RAW MATERIALS BECOMES INACCESSIBLE FOR A LONG TIME DUE TO NATURAL CALAMITIES &OR 3-%S THAT SOMEWHAT STARTED THEIR %2- JOURNEY AND ARE LOOKING TO EXPAND THEIR MARKET REACH THROUGH PUBLIC LISTING

THIS WOULD BE A GOOD TIME TO REVISIT THEIR CURRENT %2- PRACTICES SINCE 3-%S GROWTH CAN BE EXPONENTIAL AFTER THE LISTING !

SOUND AND gREFRESHEDu %2- FOR THE NEWLY

LISTED COMPANY WILL HELP IDENTIFY AND PREPARE FOR FUTURE PROBLEMS THAT MIGHT BE BROUGHT BY THE ABRUPT INCREASE IN BUSINESS ACTIVITIES &OR EXAMPLE RISKS RELATED TO TECHNOLOGY AND PROCESSES MAY BE IDENTIkED BY %2- E G MANUAL SPREADSHEETS MAY NO LONGER BE ADEQUATE TO SUPPORT THE GROWTH TRAJECTORY OF THE NEWLY LISTED BUSINESS !NOTHER EXAMPLE WOULD BE RISKS RELATED TO INFORMATION AND ANALYSIS TO ENABLE IT TO MAKE SOUND DECISIONS )N THE ABOVE SCENARIOS A PRACTICAL AND WELL THOUGHT OUT %2- PROCESS COMES IN HANDY .EEDLESS TO SAY %2- SUPPORTS THE GREATER DEMAND OF EXISTING AND NEW INVESTORS REGULATORS AND OTHER STAKEHOLDERS FOR TRANSPARENCY AND RELIABILITY OF INFORMATION ! WORKING %2- FRAMEWORK STRENGTHENS THE CREDIBILITY OF THE REPORTS AND DISCLOSURES PREPARED BY THESE COMPANIES 4HIS WOULD IN THE LONGER TERM FUEL FURTHER GROWTH BY BOOSTING MARKET AND INVESTOR CONkDENCE .O WONDER REGULATORS AROUND THE WORLD ENCOURAGE AND SUPPORT LISTED COMPANIES IN ADOPTING %2- PRACTICES 4HE FACT IS RISK MANAGEMENT IS PART OF EVERYDAY LIFE 7ITH RISKS BEING ALL AROUND US SO DOES THE NATURAL CONSEQUENCE OF HAVING TO MANAGE IT WELL ) HOPE YOU FOUND THE GLIMPSE INTO THE ART OF MANAGING RISK TO BE INTERESTING AND SOMETHING YOU CAN USE TO KICK START OR REINVIGORATE THE %2- WITHIN YOUR ORGANIZATION *** 2OBERTO # "ASSIG IS A #ONSULTING 0ARTNER OF 0RICEWATERHOUSE#OOPERS #ONSULTING 3ERVICES 0HILIPPINES #O ,TD A 0HILIPPINE MEMBER kRM OF THE 0W# NETWORK &OR MORE INFORMATION PLEASE EMAIL MARKETS PH PWC COM 4HIS CONTENT IS FOR GENERAL INFORMATION PURPOSES ONLY AND SHOULD NOT BE USED AS A SUBSTITUTE FOR CONSULTATION WITH PROFESSIONAL ADVISORS

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advertising@manilatimes.net 524-5664 local 121, 3105895 and 3105582

NOTICE We would like to inform all stockholders of record as of April 10, 2019 of SBS 3KLOLSSLQHV &RUSRUDWLRQ WKH Âł&RPSDQ\´ WKDW LQ UHODWLRQ WR WKH &RPSDQ\ÂśV $QQXDO 6WRFNKROGHUVÂś 0HHWLQJ WKH Âł0HHWLQJ´ VFKHGXOHG RQ 0D\ the 1st quarter Unaudited Interim Financial Statements and Managementâ&#x20AC;&#x2122;s Discussion and Analysis of Financial Condition and Results of Operation for the period ended March 31, 2019 will be made available to its stockholders DW OHDVW ÂżYH FDOHQGDU GD\V EHIRUH KROGLQJ WKH $QQXDO 6WRFNKROGHUVÂś Meeting and that such reports can be YLHZHG DW WKH FRPSDQ\ÂśV RIÂżFLDO website (www.sbsph.com). Hard statements and management discussion will be available upon request.

Please be guided accordingly.

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NOTICE TO THE PUBLIC

NOTICE TO THE PUBLIC

3XEOLF LV KHUHE\ QRWLÂżHG WKDW WKH DA-Bureau of Plant Industry has issued on March 21, 2019 a biosafety permit for direct use as Food and Feed or for Processing (FFP) to DAS68416-4 (Enlist) soybean owned and licensed by Dow Agroscience B.V.-Philippines Branch.

3XEOLF LV KHUHE\ QRWLÂżHG WKDW WKH DA-Bureau of Plant Industry has issued on March 21, 2019 a biosafety permit for propagation to MON810xTC1507xNK603 ,QWUDVHFWÂ&#x160; PDL]H RZQHG DQG licensed by Pioneer Hi-Bred Philippines.

NOTICE OF DISSOLUTION AND CLOSURE OF BUSINESS

NOTICE OF DISSOLUTION AND CLOSURE OF BUSINESS

12 7 , & ( , 6 + (5 ( % < * ,9 ( 1 WK D W GUOCO ASSETS (PHILIPPINES), INC. ³WKH &RUSRUDWLRQ´ KDV VKRUWHQHG LWV corporate term to until 15 October 2017 as approved by the Board of Directors and Stockholders.

127,&( ,6 +(5(%< *,9(1 WKDW HONG WAY HOLDINGS, INC. ³WKH &RUSRUDWLRQ´ KDV VKRUWHQHG LWV FRUSRUDWH WHUP WR XQWLO 30 September 2017 as approved by the Board of Directors and Stockholders.

All persons having claims against the Corporation are requested WR SUHVHQW WKH VDPH DW 0H]]DQLQH % /3/ &HQWHU / 3 Leviste Street, Salcedo Village, Makati City for review and if in order, its settlement.

All persons having claims against the Corporation are requested WR SUHVHQW WKH VDPH DW 0H]]DQLQH % /3/ &HQWHU / 3 Leviste Street, Salcedo Village, Makati City for review and if in order, its settlement.

This announcement serves as notice to all concerned of the legal dissolution of the Corporation.

This announcement serves as notice to all concerned of the legal dissolution of the Corporation.

MT - Apr. 26, 29 & May 6, 2019

IN THE MATTER OF THE APPLICATION FOR APPROVAL OF THE ANCILLARY SERVICES PROCUREMENT AGREEMENT BETWEEN THE NATIONAL GRID CORPORATION OF THE PHILIPPINES AND SN ABOITIZ POWER-MAGAT, INC., WITH PRAYER FOR THE ISSUANCE OF PROVISIONAL AUTHORITY NATIONAL GRID CORPORATION OF THE PHILIPPINES (NGCP) AND SN ABOITIZ POWERMAGAT, INC. (SNAP-MI), Applicants. x--------------------------------------------------------------------x

MT - Apr. 26, 2019

PANGASINAN I ELECTRIC COOPERATIVE (PANELCO I) San Jose Bani, Pangasinan CWDO No. 63928-502-7969 Telefax No. 6375-551-5564 Email: panelco_one@yahoo.com Website: www.panelcoi.com.ph

Where, $& $FWXDO FRVWV LQFXUUHG E\ WKH 6HUYLFH 3URYLGHU ZKLOH SURYLGLQJ WKH VHUYLFH / $FWXDO FRQVXPSWLRQ RI WKH JHQHUDWLQJ XQLW RQ 6\QFKURQRXV &RQGHQVHU PRGH VSHFLÂżFDOO\ WKH FRQVXPSWLRQ RI WKH DX[LOLDU\ ORDG LQ N:K 3 :(60 H[ SRVW QRGDO SULFH DW WKH WUDGLQJ QRGH RU WKH HTXLYDOHQW KRXU ORDG ZHLJKWHG DYHUDJH RI WKH PLQXWH QRGDO SULFH ZKHQ WKH PLQXWH PDUNHW is in place.

ERC CASE NO. 2019-016 RC

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61$3 0DJDW *HQHUDWRU 61$3 0DJDW 6\QFKURQRXV Condenser Undervoltage Condition

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Pre-Bid Conference Deadline for Submission of Eligibility to Bid and Bid Proposal Opening of Bids

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Php 5,348,805.00 (inclusive of all taxes) Php 10,000.00 Reinvestment Fund for Sustainable CAPEX 0D\ 30 0DLQ 2IÂżFH

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Bids received in excess of the Approved Budget for the Contract shall be automatically rejected at the Bid Opening.

Bidding will be conducted through competitive bidding procedures using nonGLVFUHWLRQDU\ SDVV IDLO FULWHULD DV VSHFLÂżHG LQ WKH 3URFXUHPHQW *XLGHOLQHV IRU (OHFWULF Cooperatives of Rule II, Section 5 (I) of the Implementing Rules and Regulations (IRR) of the Republic Act No. 10531 (R.A. 10531) to enforce governance standards IRU WKH HIÂżFLHQW RSHUDWLRQ RI (OHFWULF &RRSHUDWLYHV VXFK DV WKH REVHUYDQFH RI appropriate procurement procedures; and to conform with RA 9184 otherwise known DV WKH *RYHUQPHQW 3URFXUHPHQW 5HIRUP $FW DQG LV UHVWULFWHG WR RUJDQL]DWLRQV ZLWK DW OHDVW VHYHQW\ ÂżYH SHUFHQW LQWHUHVW RU RXWVWDQGLQJ FDSLWDO VWRFN EHORQJLQJ WR FLWL]HQV RI WKH 3KLOLSSLQHV DV VSHFLÂżHG LQ 5HSXEOLF $FW 5 $ 2QO\ %LGV from bidders who passed the eligibility check will be opened. The process for the eligibility check is described in Section II of the Bidding Documents. The Bidder/s ZLWK WKH ORZHVW FDOFXODWHG %LG /&% VKDOO DGYDQFH WR WKH SRVW TXDOLÂżFDWLRQ VWDJH LQ RUGHU WR ÂżQDOO\ GHWHUPLQH UHVSRQVLYHQHVV WR WKH WHFKQLFDO DQG ÂżQDQFLDO UHTXLUHPHQWV RI WKH SURMHFW ,Q FDVH WZR RU PRUH ELGGHUV WLH LQ WKH ÂżQDQFLDO SURSRVDOV DQG DUH HYHQWXDOO\ IRXQG WR EH HTXDOO\ SRVW TXDOLÂżHG ÂłGUDZLQJ RI ORWV´ VKDOO EH UHVRUWHG WR DV WKH WLH EUHDNLQJ PHWKRG LQ DFFRUGDQFH ZLWK *33% &LUFXODU 1R 7KH contract shall then be awarded to the Lowest Calculated and Responsive Bidder (LCRB) GHWHUPLQHG DIWHU 3RVW 4XDOLÂżFDWLRQ RU DIWHU WKH GUDZLQJ RI ORWV LQ FDVH RI WLH Bid documents and eligibility requirements may be obtained from the BAC Secretariat on April 26, 2019 â&#x20AC;&#x201C; May 21, 2019 upon payment of a non-refundable fee stated above. Attendees to the Pre-Bid Conference are only the prospective ELGGHUV ZKR KDYH ERXJKW ELG GRFXPHQWV RU WKHLU DXWKRUL]HG UHSUHVHQWDWLYH )RU further information please contact the BAC Secretariat at Mobile Nos. 0977-8176927/0977-809-5578.

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(SGD.) ANA MARIE C. CELESTE Chairman, Bids and Awards Committee APPROVED: (SGD.) DIONISIO O. OPOLENTO, JR. *HQHUDO 0DQDJHU

MT - Apr. 26, 2019

EDITORS AND DESKMEN Competencies â&#x20AC;˘ Excellent command of written and spoken English â&#x20AC;˘ Degree holder preferably in journalism, communications, or related discipline (e.g. political science or economics with journalism experience) â&#x20AC;˘ Experience in editing news, analytical reports and columns â&#x20AC;˘ Strong news judgment and familiarity with local issues, as well as an understanding of relevant world affairs â&#x20AC;˘ $ELOLW\ WR ZULWH DQG HGLW ZLWK Ă&#x20AC;DLU DQG VSHHG WR PHHW WLJKW GHDGOLQHV â&#x20AC;˘ )DPLOLDU ZLWK 0LFURVRIW 2IÂżFH VRFLDO PHGLD DQG VHDUFK HQJLQHV â&#x20AC;˘ Ability to lead and organize a team well â&#x20AC;˘ Good attitude, willingness to adjust to new systems and ability to respect authority within the organization REPORTERS Competencies â&#x20AC;˘ Excellent command of written and spoken English â&#x20AC;˘ Degree holder preferably in journalism, communications, or related discipline â&#x20AC;˘ Ability to establish and maintain a network of contacts in government and the private sector as source of information and analysis â&#x20AC;˘ Ability to identify the angle of news from a raft of available information or seek out information to build a solid news story â&#x20AC;˘ Familiarity with local issues and an understanding of relevant world affairs â&#x20AC;˘ $ VHQVH RI VSHHG DQG DFFXUDF\ LQ ZULWLQJ DQG ÂżOOLQJ UHDO WLPH VWRULHV to the news desk to meet tight deadlines â&#x20AC;˘ Knows Microsoft Office, social media and search engines â&#x20AC;˘ A good team player, but is able to work independently within the perimeters of a given assignment â&#x20AC;˘ Good attitude, willingness to adjust to new systems and ability to respect authority within the organization Interested applicants, please send a full resume, specifying your subject of expertise, with links to samples of online work or appropriate attachments.

JOSEFINA PATRICIA A. MAGPALE-ASIRIT Oversight Commissioner for Legal Service

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The Pangasinan I Electric Cooperative (PANELCO I) through the Bids and Awards Committee (BAC) invites registered Suppliers/Distributors/Manufacturers to apply for eligibility and if found eligible, to bid for the 2019 Annual Procurement Plan of the Design, Supply and Construction of Wireless Communication System.

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INTERESTED BIDDERS (BUYERS) MAY SUBMIT THEIR OFFER INSIDE A SEALED ENVELOPE FROM APRIL 29â&#x20AC;&#x201C; MAY 8, 2019

ADDRESS: ROYAL EMBASSY OF SAUDI ARABIA 128 H.V DELA COSTA COR. SANCHEZ ST. SALCEDO 9,//$*( 0$.$7, &,7<

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FOR FURTHER INQUIRY YOU MAY CONTACT TELEPHONE NUMBER 856-4444 EXT 2601/2603.

OR EMAIL US AT: UHVDBÂżQDQFH#\DKRR FRP

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NOTICE OF PUBLIC HEARING

MOTOR VEHICLES DESCRIBED AS FOLLOWS:

MT - Apr. 26, 29 & May 6, 2019

5HSXEOLF RI WKH 3KLOLSSLQHV ENERGY REGULATORY COMMISSION San Miguel Avenue, Pasig City

B5

FOR SALE

MA. ROSARIO C.Z. NAVA Corporate Secretary

MA. ROSARIO C.Z. NAVA Corporate Secretary

MT - Apr. 26, 2019

MT - Apr. 26, 2019

MT - Apr. 26, 2019

FRIDAY April 26, 2019

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An Act Granting the National Grid Corporation of the Philippines a Franchise To Engage in the Business of Conveying or Transmitting Electricity Through High Voltage Back-Bone System of Interconnected Transmission Lines, Substations and Related Facilities, and for other Purpose; 2 Section 9 (c); 3 Section 9 (d); 4 Section 6.3.1.2; 5 Section 1.6, PGC; 6 $ FRS\ RI WKH /LVW RI $QFLOODU\ 6HUYLFHV 3URYLGHUV LQ /X]RQ &HUWLÂżHG ZLWK 5HDFWLYH 3RZHU 6XSSRUW LV DWWDFKHG DV Annex â&#x20AC;&#x153;Jâ&#x20AC;?.

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FRIDAY April 26, 2019 5HSXEOLF RI WKH 3KLOLSSLQHV ENERGY REGULATORY COMMISSION San Miguel Avenue, Pasig City

Ë&#x153; The Manila Times w w w.manilatimes.net REPUBLIC OF THE PHILIPPINES REGIONAL TRIAL COURT NATIONAL CAPITAL JUDICIAL REGION BRANCH 159 PASIG CITY

Where: Actual kVAR = actual reactive power provided within each interval

IN THE MATTER OF THE APPLICATION FOR APPROVAL OF THE ANCILLARY SERVICES PROCUREMENT AGREEMENT BETWEEN THE NATIONAL GRID CORPORATION OF THE PHILIPPINES AND SN ABOITIZ POWERBENGUET, INC., (FOR BINGA) WITH PRAYER FOR THE ISSUANCE OF PROVISIONAL AUTHORITY

Base kVARh = corresponding kVARh at 0.85 power factor lagging or 0.9 power factor leading, for the unitâ&#x20AC;&#x2122;s MW loading. For clarity, the MW loading is the unitâ&#x20AC;&#x2122;s Pmin, or RTD schedule, whichever is greater. $SSOLFDQWV VXEPLW WKDW WKH UDWHV UHSUHVHQW D UHDVRQDEOH UHFRYHU\ RI LWV RSSRUWXQLW\ FRVW LQ PDNLQJ DYDLODEOH JHQHUDWLRQ FDSDFLW\ WR SURYLGH WKH SURFXUHG $6 7KH UDWHV XQGHU $63$ ZDV VXEMHFWHG WR D VLPXODWLRQ E\ 1*&3 WKH UHVXOWV RI ZKLFK DUH DV IROORZV

ERC CASE NO. 2019-015 RC NATIONAL GRID CORPORATION OF THE PHILIPPINES (NGCP) AND SN ABOITIZ POWERBENGUET, INC. (SNAP-BI), Applicants. x--------------------------------------------------------------------x

PhP Overvoltage Condition Cost, Mn 61$3 %HQJXHW %LQJD

PhP Undervoltage Condition Cost, Mn 61$3 %HQJXHW %LQJD

NOTICE OF PUBLIC HEARING

Indicative Rate lmpact PhP/kW-month PhP/kWh equivalent

Indicative Rate lmpact PhP/kW-month PhP/kWh equivalent

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The pertinent provisions of the said Application DUH KHUHXQGHU TXRWHG DV IROORZV NATURE OF THE CASE

ORDER Acting on the Motion for Leave of Court to Serve 6XPPRQV %\ 3XEOLFDWLRQ GDWHG )HEUXDU\ ÂżOHG E\ WKH 3HWLWLRQHU WKURXJK &RXQVHO DQG ÂżQGLQJ WKH UHDVRQV stated therein well-taken, the same is hereby GRANTED. As prayed for, the Petitioner is directed to cause the service of Summons of this Order upon the Respondent by publication once a week for two (2) consecutive weeks in a newspaper of general circulation in the Philippines. Let a copy of the Summons be served upon the Respondent at her last known address by registered mail SO ORDERED. Pasig City, February 14, 2019.

(SGD.) CAMENCITA V.P. LACANDAZO LOGAN Assisting Judge

A copy of the Rate Impact Simulation is attached hereto as Annex â&#x20AC;&#x153;Câ&#x20AC;?.

DOMINGO R. FABROS, Petitioner, - versus R-PSG-17-03024-CV MARY JANE DELA TORRE-FABROS, Respondent. x-------------------------------------------------x

REPUBLIC OF THE PHILIPPINES REGIONAL TRIAL COURT National Capital Judicial Region Branch 159, Pasig City DOMINGO R. FABROS, Petitioner, - versus R-PSG-17-03024-CV MARY JANE DELA TORRE-FABROS, Respondent. x-------------------------------------------------x SUMMONS

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NON-FIRM CONTRACTED CAPACITY RATE AND IMPACT SIMULATION

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Note: This is in addition to the other Ancillary Service types provided under the Schedule 1 of ASPA entered into by SNAP-B and NGCP on 31 January 2017 with ERC Case No. 2017-016 RC.

The grounds relied upon.

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JOSEFINA PATRICIA A. MAGPALE-ASIRIT Oversight Commissioner for Legal Service

1

An Act Granting the National Grid Corporation of the Philippines a Franchise To Engage in the Business of Conveying or Transmitting Electricity Through High Voltage Back-Bone System of Interconnected Transmission Lines, Substations and Related Facilities, and for other Purposes; Section 9 (c); 3 Section 9 (d); 4 Section 6.3.1.2; 5 Section 1.6, PGC; and 6 $ FRS\ RI WKH /LVW RI $QFLOODU\ 6HUYLFHV 3URYLGHUV LQ /X]RQ &HUWLÂżHG ZLWK 5HDFWLYH 3RZHU 6XSSRUW LV DWWDFKHG DV Annex â&#x20AC;&#x153;Jâ&#x20AC;?.

2

Incidental kVAR Rate: Php 4.00/ kVARh _ Compensable kVARh = Actual kVARh Base kVARh

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BE A TOP JOURNALIST â&#x20AC;˘ See yourself on TV â&#x20AC;˘ Hear your voice on the radio â&#x20AC;˘ See your byline in the newspaper Jumpstart your media career at The Manila Times College!

For more information, call 524-5664 to 66 local 114 or 310-9625

TO: MARY JANE DELA TORRE-FABROS %UJ\ $UZDV 'LDGL 1XHYD 9L]FD\D G R E E T I N G S: <RX DUH KHUHE\ UHTXLUHG ZLWKLQ ÂżIWHHQ GD\V DIWHU service of this summons upon you or within thirty (30) GD\V IURP WKH ODVW LVVXH RI SXEOLFDWLRQ RI VXPPRQV WR ÂżOH with this Court and serve on the petitioner your answer to the petition, copy of which is attached, together with the annexes. You are hereby reminded of the provision in the ,%3 2&$ 0HPRUDQGXP RQ 3ROLF\ *XLGHOLQHV GDWHG 0DUFK WR REVHUYH UHVWUDLQW LQ ÂżOLQJ D PRWLRQ WR GLVPLVV and instead allege the grounds thereof as defenses in WKH $QVZHU ,I \RX IDLO WR DQVZHU ZLWKLQ WKH WLPH Âż[HG WKH petitioner may take judgment against you and the Court may grant the relief prayed for.

WITNESS my hand under the seal of the Court, this 7th day of September, 2018.

(SGD.) ATTY. MARK ANTHONY F. BAGUAL Branch Clerk of Court REPUBLIC OF THE PHILIPPINES REGIONAL TRIAL COURT 1$7,21$/ &$3,7$/ -8',&,$/ 5(*,21 BRANCH 159 3$6,* &,7< DOMINGO R. FABROS, Petitioner, - versus -

CIVIL CASE No.: _____ For: Declaration of Nullity of Marriage MARY JANE DELA TORRE-FABROS, Respondent. x-------------------------------------------------x PETITION COMES NOW, Petitioner, through undersigned counsel, unto this Honorable Court, most respectfully states that: 3HWLWLRQHU '20,1*2 5 )$%526 RI OHJDO DJH Filipino, and a resident of 1979 Ampalaya Street, NAPICO Manggahan, Pasig City, where he may be served with notices and legal processes of this Honorable Court; 2. Respondent MARY JANE DELA TORRE-FABROS is likewise of legal age, Filipino, and a resident of Brgy. $UZDV 'LDGL 1XHYD 9L]FD\D 3. Respondent and petitioner are husband and wife, having been legally married to each other on January 18, DW WKH 2I¿FH RI WKH 0XQLFLSDO 0D\RU LQ 'LDGL 7KH PDUULDJH FHUHPRQ\ ZDV RI¿FLDWHG E\ WKHQ 0D\RU RI 'LDGL 1XHYD 9L]FD\D 1RUPD ' 0LJXHO $ FRS\ RI WKH PDUULDJH FHUWL¿FDWH RI WKH SDUWLHV LV KHUHWR DWWDFKHG DV $QQH[ ³$´ 4. The parties have two daughters, namely: Milkie Rose dela Torre Fabros; and Mikee Mae dela Torre Fabros.

Milkie Rose, who was born on July 26, 2001, is 16 years ROG DV RI WKH ÂżOLQJ RI WKLV FDVH 2Q WKH RWKHU KDQG 0LNHH Mae, who was born on August 17, 2002, is 15 years old. &RSLHV RI WKHLU UHVSHFWLYH ELUWK FHUWLÂżFDWHV DUH DWWDFKHG WR WKLV SHWLWLRQ DV LQWHJUDO SDUWV KHUHRI DV $QQH[HV Âł%´ DQG Âł&´ UHVSHFWLYHO\ 5. The parties have not acquired any real properties in the course of their marriage; 6. In restrospect, petitioner and respondent became friends sometime in the year 1997, although they knew each other even before then since they lived in adjacent EDUDQJD\V LQ 'LDGL 1XHYD 9L]FD\D 6RRQ WKHUHDIWHU RQ 1999, they became a couple; 7. At that time, petitioner was an Overseas Filipino Worker, working as a carpenter in Saudi Arabia. Because of their long distance relationship, the parties were only able to spend some time together as a couple when petitioner is on vacation, which happens only once every two (2) years. Usually, petitionerâ&#x20AC;&#x2122;s vacation would only last about a month or two; 8. In 1999, while petitioner was on vacation, he always visited respondent in their house. During one of his visits, he did not see respondent. Instead, respondentâ&#x20AC;&#x2122;s parents were there and they engaged him in a serious discussion. They told petitioner that if he is really serious about their daughter, they should already get married.

Accordingly to them, although they are already a couple, there are other men who also visited their daughter and gave her gifts. They also told him that they like him for their daughter because he is hard working, thus, he would be able to give their daughter a comfortable life; 9. Because petitioner loved respondent and fearing the possibility of losing her to another man because of their long distance relationship and what respondentsâ&#x20AC;&#x2122; parents said, petitioner proposed to get married to respondent.

Respondent did not readily agree. However, her parents talks to her and they were able to convince her. Hence, the parties got married on January 18, 2000; 10. Thereafter, petitioner decided not to leave the country anymore and just work as a carpenter in their small town. That way, he and respondent did not have to endure the challenges of having a long distance relationship. Also, since he and respondent are building a family, he wanted to have a child to complete their family; 11. During that time, petitioner and respondentâ&#x20AC;&#x2122;s relationship was fairly well. They lived with petitionerâ&#x20AC;&#x2122;s parents after their marriage. There were not so good times, too. Arguments start from issues such as respondentâ&#x20AC;&#x2122;s unwillingness to help with house chores, her frequent shopping sprees, and hanging out with friends. However, petitioner did not take these arguments too seriously, thinking that it may be because respondent is still adjusting to her new home and environment, as well as her new role as wife of petitioner.

12. After over a year of marriage, respondent gave ELUWK WR WKHLU ÂżUVW ERUQ GDXJKWHU 0LONHH 5RVH 7KHQ DIWHU D year, she gave birth to their second daughter, Mikee Mae. Except for the times while she was still recovering from giving birth, respondent still continued with her outgoing self, spending more time hanging out with friends than taking care of the children at home. Since the couple lived with petitionerâ&#x20AC;&#x2122;s parents, they were the ones who looked after the children while petitioner was at work, and respondent spent time with friends.

13. A couple of months after giving birth to their second daughter, respondent told petitioner that she wants to work in Singapore as a domestic helper. According to her, one of her friends will help her get an employer. Respondent did not agree, and this triggered arguments between them.

14. Sometime on the second half of the year 2005, respondent left their home and went to Singapore. She was already there when she called petitioner and informed him that she will start working for her employer. Petitioner IHOW DQJU\ EXW UHDOL]LQJ WKDW KH FRXOG QR ORQJHU SUHYHQW respondent from proceeding with her plans, he accepted WKH VDPH DQG WROG KHU WKDW KH ZRXOG DOORZ KHU WR ÂżQLVK KHU contract with her employer. $W ÂżUVW FRPPXQLFDWLRQ EHWZHHQ WKH SDUWLHV ZDV regular. The respondent also sent money on a regular basis to help support the needs of their children. Until UHVSRQGHQW ÂżQLVKHG KHU WZR \HDUV FRQWUDFW DQG ZHQW home in 2007.

16. When she arrived, she told petitioner that she is only on vacation for one (1) month, since she signed another contract with a term of two (2) years. Again, this caused arguments between the parties, but no amount of argument was enough to stop respondent from proceeding with her plans.

17. After leaving for Singapore for the second time, communication between the parties, as well as money remittances were no longer regular. Respondent sent money through her parents and no longer directly to petitioner. A few months later, she mentioned her plans of going to California in the United States of America allegedly because her employer will be migrating there, and has offered to bring her along. This, again, caused arguments between the parties because petitioner did not agree to her plans. He asked respondent to just go home to their family and take care of their growing children, but respondent refused.

18. When respondent went home in 2009, she stayed in the Philippines for only two (2) weeks. During those two (2) weeks, she spent more time with her parents rather than with their children or with petitioner. Before leaving for California in April 2009, respondent told petitioner that she might no longer return. She said that soon she will be sending some documents for him to sign to end their PDUULDJH 6KH VDLG WKDW VKH ZLOO EH ÂżOLQJ IRU GLYRUFH 7KDW was the last time that petitioner saw respondent.

19. In order to ensure that his childrenâ&#x20AC;&#x2122;s needs are met, petitioner resumed working overseas as carpenter.

At present, he is working as a carpenter in New Zealand.

He maintains regular communication with his children, who are under the care of his parents when he is out of the country. He makes sure to regularly spend time with them once every year when he is home for vacation. /RRNLQJ EDFN SHWLWLRQHU UHDOL]HV WKDW RI WKH seventeen (17) years of being married to each other, he and respondent only lived together as husband and wife IRU D VKRUW VSDQ RI ÂżYH \HDUV 7KHLU ODVW FRPPXQLFDWLRQ was in November of 2009, when respondent called and told petitioner that she sent the documents she told him about for their divorce. Documents were received by petitionerâ&#x20AC;&#x2122;s EURWKHU LQ 1XHYD 9L]FD\D &RSLHV RI ZKLFK DUH DWWDFKHG KHUHWR DV $QQH[ Âł'´ 6KH DOVR WROG SHWLWLRQHU Âł%DKDOD ND QD VD PJD EDWD ´ 3HWLWLRQHU QHYHU KHDUG IURP KHU DJDLQ 21. Thereafter, respondent never called petitioner or their children. She also did not send any more support for them.

22. After twelve (12) years of not living together as husband and wife, petitioner is convinced that UHFRQFLOLDWLRQ ZLWK UHVSRQGHQW LV LPSRVVLEOH 5HĂ&#x20AC;HFWLQJ on what transpired in their marriage, he believes that respondent did not possess the capability to give him the respect that he deserved as her husband, and the love DQG ÂżGHOLW\ WKDW VKRXOG FRPH QDWXUDOO\ IURP D FRPPLWWHG wife. It saddens him that respondent also displays her irresponsible disposition as a parent to their children; 23. Petitioner engaged a clinical psychologist for the conduct of a psychological evaluation on the ability of respondent to cope up with the essential obligations of marriage.

24. Petitioner is filing this petition to declare his marriage with respondent a nullity. Respondent showed no concern for her obligation towards his family in violation of Article 68 of the New Family Code, which provides that husband and wife are obliged to live together, observe PXWXDO ORYH UHVSHFW DQG ÂżGHOLW\ DQG UHQGHU PXWXDO KHOS DQG VXSSRUW 3HWLWLRQHU LV DOVR ÂżOLQJ WKLV FDVH XQGHU $UWLFOH 36 of the same Code as the respondent manifested her lack of effective sense of rational judgment and responsibility, her being immature, thus, failing to perform her responsibilities as a wife to Petitioner, and even as a mother to their children; /RRNLQJ EDFN 3HWLWLRQHU UHDOL]HG WKDW WKLV psychological defect of Respondent indeed existed even prior to their marriage, and is so grave and serious and incurable. As such, Petitioner seeks redress from this Honorable Court to declare their marriage as null and void from the beginning.

PRAYER WHEREFORE, premises considered, it is most respectfully prayed that the marriage of Petitioner with Respondent be declared null and void from the beginning.

It is likewise prayed that if and when the parties are able to enter into extrajudicial settlement as to custody and joint parenting, the same be adopted by this Court and in the absence thereof, a fair and just settlement of their rights and obligations as parents be adjudicated by this Honorable Court.

Petitioner likewise prays for such other relief and remedies, which are just and equitable under the premises.

Concepcion, Tarlac for Pasig City.

October 26, 2017.

(SGD.) ATTY. AZEE A. TAGUINES-ARCILLA Counsel for Petitioner #205 Brgy. Pitabunan, Concepcion 2316 Tarlac Roll of Attorneys No. 51638 ,%3 /LIH 5ROO 1R 4XH]RQ &LW\ &KDSWHU PTR No. AC-0894113/01-04-2017/Angeles City MCLE Compliance No. V-0005696/01-23-15 D]HHWDJXLQHV#JPDLO FRP VERIFICATION AND CERTIFICATION OF NON-FORUM SHOPPING I, DOMINGO R. FABROS, of legal age, married, and a resident of 1979 Ampalaya Street, NAPICO Manggahan, Pasig City, after having been duly sworn in accordance with law, depose and state that: 1. I am a plaintiff in the above-stated case; 2. I caused the preparation of the foregoing petition; 3. I have read the contents thereof and the facts stated therein are true and correct of my personal knowledge and/or on the basis of authentic documents and records; 4. I have not commenced any other action or proceeding involving the same issues in the Supreme Court, the Court of Appeals, or any other tribunal or agency; 5. To the best of my knowledge and belief, no such action or proceeding is pending in the Supreme Court, the Court of Appeals, or any other tribunal or agency; 6. If I should thereafter learn that a similar action or SURFHHGLQJ KDV EHHQ ÂżOHG RU LV SHQGLQJ EHIRUH WKH Supreme Court, the Court of Appeals, or any other tribunal or agency, I undertake to report the fact ZLWKLQ ÂżYH GD\V WKHUHIURP WR WKLV +RQRUDEOH Court.

(SGD.) DOMINGO R. FABROS $IÂżDQW SUBSCRIBED AND SWORN to before me this Oct. DW 4XH]RQ &LW\ DIÂżDQW H[KLELWLQJ WR PH KLV 3KLO Passport No. 127526043.

Doc No. 451; Page No. II; Book NO. V; Series of 2017.

MT - Apr. 26 & May 3, 2019

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B7

Ë&#x153; The Manila Times FRIDAY April 26, 2019

w w w. m a n i l a t i m e s . n e t

Q CARMELITO J. REGALADO FROM B8

Slice of life a local, retail company to share the experiences I learned in modern retailing,â&#x20AC;?

Regalado tells Boardroom Watch. â&#x20AC;&#x153;Jakarta is a bit advanced in digital commerce.â&#x20AC;?

Regalado was born and raised in Isla de Balut, the egg-shaped island between Estero de Sunog Apog and Estero de Vitas.

The burning (sunog OF OYSTER SHELLS IN A kiln resulted in lime (apog g!T 6ITAS S end was Smokey Mountain, the stinkING BURNING DUMP u HE RECOUNTS &ATHER &ELIMON WAS A -ANILA POLICE PATROLMAN -OTHER ,YDIA *IMENEZ A HARDWORKING public elementary school teacher, was a popular wedding sponsor among teachers. She retired as guidance counselor at 4ONDO S -ANUEL , 1UEZON %LEMENTARY School.

Regalado continues: â&#x20AC;&#x153;My youngest BROTHER &ELIMON *R 0ING IS THE GENERAL manager of Astoria Hotel. My brother, Dr. 'EORGE IS A FORMER DIRECTOR OF THE ,ANDbank of the Philippines. My sister Angelica now works and resides in California.â&#x20AC;? Six Regalados lived in a 100-square meter house with a grandfather, two aunties and motherâ&#x20AC;&#x2122;s male cousin.

(E REMEMBERS 4ONDO S *ANUARY kESTA celebration on Moriones Street. â&#x20AC;&#x153;Everybody was welcome to eat in anybodyâ&#x20AC;&#x2122;s house. Every street had a circle of drinkers dipping their individual glasses in a banyera WASHTUB kLLED WITH BEER MIXED with local gin for extra kick. By afternoon, FRIENDS WERE IN A kGHTING MOOD u Because his uncle, Alfredo Jimenez, A 0HILIPPINE .ATIONAL "ANK #0!

HAD a better life, Regalado chose to be an accountant. Wishing to study at De ,A 3ALLE 5NIVERSITY HE GRADUATED IN ACCOUNTING AT THE gCHEAPER BUT JUST AS GOODu 5NIVERSITY OF 3ANTO 4OMAS in 1977. Regalado first worked at SGV, the countryâ&#x20AC;&#x2122;s largest professional services firm. He then became auditor in 1982 at the 60-room Sulo Hotel, OWNED BY THE %NRIQUEZES OF $ % Restaurant fame, off East Avenue near 1UEZON #ITY (ALL Regalado was appointed assistant comptroller at the coupleâ&#x20AC;&#x2122;s Silahis International Hotel, named after the rays of the sun breaking through the clouds. He would sneak in barkada GANGMATES TO THE TOP lOOR WHERE -ANILA NIGHTLIFE KING AT THE TIME ,OUIE 9Smael managed the exclusive Stargazer disco club. Regalado next became comptroller of the Philippine Village Hotel overlooking .AYONG 0ILIPINO BOTH OF WHICH ARE NO longer in operation.

I expect the shift from brick-and-mortar shopping to electronic commerce in two to three yearsâ&#x20AC;&#x2122; time. But that needs fine-tuning, particularly with regard to home delivery service Fruits of the oven As a young married pair, Regalado and his WIFE SAVED ENOUGH TO BUY THEIR kRST HOUSE IN -AKATI S 3AN ,ORENZO 6ILLAGE ! THREE year advance on a housing allowance, settled by salary deduction, paid for their 280-square meter house and lot with a POOL IN *AKARTA /VERSEAS SAVINGS kNANCED the coupleâ&#x20AC;&#x2122;s duplex â&#x20AC;&#x153;in Ayala Alabang, a long way from Tondo,â&#x20AC;? he says. â&#x20AC;&#x153;Our children now are lucky they have the choice of where to study,â&#x20AC;? the expat says. The youngest, Christopher, plans on a digital business-oriented course at 6ANCOUVER S 3IMON &RASER 5NIVERSITY Heâ&#x20AC;&#x2122;s with mom in Jakarta where heâ&#x20AC;&#x2122;s graduating in Grade 12 at Sekolah Harapan (Hope 3 C H O O L

Second son Carmelo â&#x20AC;&#x153;Carlâ&#x20AC;? is graduating this year in an accounting course at the #ALIFORNIA 3TATE 5NIVERSITY %LDEST DAUGHter Cecilia, a Jakarta Post reporter, graduated in creative visual communications from ,OUBOROUGH 5NIVERSITY A PUBLIC RESEARCH UNIVERSITY IN THE 5+ AND FROM 3INGAPORE S .ANYANG !CADEMY OF &INE !RTS 2EGALADO HAS AN ENVIABLE &ILIPINO ART collection populated by such greats as modernist Hernando Ruiz Ocampo, pioneering abstract painter Jose T. Joya, the multi-skilled *ERRY .AVARRO %LIZALDE AND MINIMALIST !RTURO 2OGERIO ,UZ AMONG OTHERS When asked about his legendary stable of glam vehicles, he will only say that he drives â&#x20AC;&#x153;a few sports cars to connect to the communityâ&#x20AC;? and â&#x20AC;&#x153;for the love of driving.â&#x20AC;?

Indonesia calling After the 1986 EDSA revolt, he received an offer from Jakarta. He married Ana Aguirre, an SGV auditor and his girlfriend OF SEVEN YEARS "OTH lEW TO )NDONESIA TO work in separate companies.

During the 2007 economic crisis, ReGALADO LEFT HIS kRST COMPANY IN )NDONESIA

2AJA 7ALI #ORP AND WENT HOME (IS FATHER WAS DYING OF CANCER WHEN THE ,IPPO Group, one of Indonesiaâ&#x20AC;&#x2122;s largest real estate developers, hired him to restructure one company. Regaladoâ&#x20AC;&#x2122;s dad gave his blessing for the balik Jakarta turn.

2EGALADO ENJOYED A MERCHANDISING role until 2009 when he was made chief OPERATING OFkCER OF ,IPPO 'ROUP S -Atahari Putra Prima, among Indonesiaâ&#x20AC;&#x2122;s biggest fast-moving consumer goods RETAIL OPERATORS (E CREDITS ,IPPO DEPUTY CHAIRMAN *AMES 2IADI SON OF THE ,IPPO conglomerate founder, as his mentor on strategies. )N kVE YEARS -ATAHARI ROSE TO BECOME top player in the $1-billion hypermarket arena, Regalado claims. It grew to have 117 hypermarkets, 25 supermarkets and 120 health and beauty centers. (A hypermart or superstore combines a supermarket AND A DEPARTMENT STORE 5NDER 2EGALADO

Matahari became the first Indonesian retailer to use a smart phone application to go online. Three million Matahari loyalty program members contributed 60 percent in sales. &ILIPINOS PROFESSIONALS HAVE BEEN SEEKing opportunities in Indonesia since the S Â&#x2021; AND kNDING THEM ESPECIALLY IN THE kNANCIAL AND BANKING SERVICES INDUStries. But it wasnâ&#x20AC;&#x2122;t since 2016 when then 0HILIPPINE !MBASSADOR -ARIA ,UMEN )Sleta, a career diplomat, suggested forming the Philippine Business Club Indonesia, and strengthening corporate ties between the two countries, says Regalado, its founding chairman.

Supported by current Philippine AmBASSADOR TO )NDONESIA ,EE (IONG 4AN 7EE

a Zamboanga businessman, the group INTRODUCES )NDONESIANS TO &ILIPINOS

charging no fees. Its 80 to 100 members are captains of industry.

His [2000s] Porsche Boxer and â&#x20AC;&#x2122;80s Mercedes Benz classic cars are vehicles gANYONE CAN AFFORD )T S HOW YOU ENJOY [them].â&#x20AC;?

His inclination to start a watch collection of 50 to 60 pieces was fueled by a HAND ME DOWN BUTT OF JOKES HALF GOLD

HALF STAINLESS WATCH FROM HIS DAD &ROM his bonus, Regalado buys Patek Philippe, Rolex, IWC, Omega and sports watches. â&#x20AC;&#x153;Classics appreciate in time. I keep them in a safe.â&#x20AC;?

The Tondo Boy from Jakarta is multiplying his bread of life one slice at a time. â&#x20AC;&#x153;Make use of opportunities, treasure them,â&#x20AC;? he counsels. â&#x20AC;&#x153;If you are poor, itâ&#x20AC;&#x2122;s not your fault. â&#x20AC;&#x153; To d i e poor on the street, now thatâ&#x20AC;&#x2122;s your fault.â&#x20AC;?

RISING IN THE YEAST Change is coming, particularly in Pinoy consumersâ&#x20AC;&#x2122; buying habits.

Hereâ&#x20AC;&#x2122;s what Mel Regalado forsees, as well as his thoughts on hiring talent and his role as boss.

Q I expect the shift from-brick-and mortar shopping to electronic commerce in two to three yearsâ&#x20AC;&#x2122; time. But that needs fine-tuning, particularly with regard to home delivery service.

Q Shoppers are heading toward shopping online. They stay at home and the goods ordered come within 30 minutes. Why go out when you can spend more time with the family?

Q When interviewing future employees, I look at their journey: Where they come from, their time with the family.

A happy life means less stress. It gives the right disposition, creativity and productivity. A good relationship with the husband/wife and children means he/she is a good employee.

Q As boss, I deal on the professional and personal levels. I console, comfort and mediate family problems. When my managers get a good offer, I will not stop them. They should go for opportunities. When they move out, they will say good things about the company and keep in touch.

Q Receiving a break is a gift from God. He expects us to multiply our talents.

Whatever we achieve, we should give back for His glory.

EARTHLY BLESSINGS (Clockwise) Regalado and wife Ana (center) have provided their kids Cecilia, Christopher and Carl the best schools of their own choosing; at the Canlubang plant with a brace of Sari Monde items; and the Regalado couple enjoying a Hakone holiday

~

The Manila Times FRIDAY April 26, 2019

Slice of life

BY ANTONIO Q. ALABASTRO Photos by Mindy Gana DURING its early days in the market, the local company producing Sari Roti â&#x20AC;&#x201D; Javaâ&#x20AC;&#x2122;s â&#x20AC;&#x153;essence of breadâ&#x20AC;? products that 9 out of 10 Indonesians consume daily â&#x20AC;&#x201D; found SM, the establishment claiming â&#x20AC;&#x153;Weâ&#x20AC;&#x2122;ve got it all for you,â&#x20AC;? reluctant to display its foodstuff. â&#x20AC;&#x153;They would have had to remove another brand to make space for us on their shelves,â&#x20AC;? Carmelo â&#x20AC;&#x153;Melâ&#x20AC;? J. 2EGALADO CHIEF OPERATING OFkCER OF 3ARI -ONDE &OODS #ORP 3&-# RECALLS 5NDETERRED THEY WENT TO 3 2

Puregold, Robinson and other supermarkets, which proved more welcoming.

All that changed, he adds, when Herbert Sy, the late SM founder Henry Syâ&#x20AC;&#x2122;s son, tasted the Premium Double Soft Bread, maybe because of Kris Aquinoâ&#x20AC;&#x2122;s endorsement. â&#x20AC;&#x153;He looked for Sari Roti in SM, which [then] did not carry our brand. So, they chased us.â&#x20AC;?

B 8

CARMELITO J. REGALADO Chief Operating Officer Sari Monde Foods Corp.

A numbers man multiplies loaves and profits

My heart wanted to work for a local retail company, to share the experience I learned in modern retailing. Compared with Manila, Jakarta is a bit advanced in digital commerce

Balancing act

Retail experienced

Regalado finished his accountancy degree at the University of Santo Tomas, although his first choice was De La Salle University. But he found UST â&#x20AC;&#x153;cheaper and just as good.â&#x20AC;?

After 32 years in Jakarta, Regalado and his wife Ana Aguirre returned last year to Manila for good. His purpose has been to share his experience in modern retailing.

Art lover An avid art connoisseur, the masters like Hernando Ruiz Ocampo, Jose T. Joya, Jerry Navarro Elizalde, F. Alcuaz and Arturo Rogerio Luz populate his wideranging collection.

Japanese technology &ROM A NOBODY 3ARI 2OTI IS REPORTEDLY NOW THE number three player in Metro Manila after one year, Regalado beams. Itâ&#x20AC;&#x2122;s next to Gardenia and Marby.

Sari Roti uses Japanese technology to bake. It COMES IN DOUBLE SOFT COTTONY SOFT AND BUTTERY TASTE

SOFT SWEET AND CREAMY AND WHEAT SOFT WITH NUTTY AROMA 2EGALADO SAYS CONSUMERS SEE 3ARI 2OTI AS EXPENSIVE gBECAUSE WE LAUNCHED kRST OUR $OUBLE 3OFT premium brand. Yet, our [entry level] Soft white bread costs the same as the market leaderâ&#x20AC;&#x2122;s classic loaf.â&#x20AC;?

Americans, who occupied the Philippines for 48 years, introduced pan Americano, a rectangular WHITE BREAD )T S CALLED TASTY AFTER A POPULAR 53 LOAF brand â&#x20AC;&#x153;Taysteeâ&#x20AC;? delivered to most stores at the time, according to Panaderia, issued by Anvil Publishing. &ELICE 3ANTA -ARIA 0RUDENTE WRITES IN HER INTERESTing book, The Governor-Generalâ&#x20AC;&#x2122;s Kitchen: â&#x20AC;&#x153;Because they preferred bread to rice as staple,â&#x20AC;? Spain opened THE kRST BAKERY IN )NTRAMUROS gWITHIN YEARS OF THE establishment of Manila City. Chinese immigrant BAKERS ;WERE= WORKING WITH #HINESE WHEAT lOUR TO bake pan and tinapay.â&#x20AC;?

3-&# IS A JOINT VENTURE BETWEEN 04 .IPPON )NDOSARI #ORPINDO .)# )NDONESIA S LARGEST PRODUCER OF Japanese-style bread in Asia, outside Japan, and the 0HILIPPINES -ONTE .ISSIN WHICH MAKES ,UCKY -E noodles and MY San biscuits.

OUR DAILY BREAD Flashpoints from a floury journey

90%

1996

2014

Of Indonesiaâ&#x20AC;&#x2122;s mass production of bread products is controlled by PT Nippon Indosari Corpindo (NIC).

Commercial production of Sari Roti brand b breads commences from NICâ&#x20AC;&#x2122;s first factory in Cikarang, West Java.

NICâ&#x20AC;&#x2122;s N existing 10 factories produced 4.2 million pieces of bread per day.

4.2

2015

2016

2018

Indonesiaâ&#x20AC;&#x2122;s population was about d 255.5 million people and was projected 4 to reach 271.1 million in 2020 and 296.4 million in 2030 . The Philippines also showed huge market potential. Popula-tion growth affects growth of the food and beverage industry.

The year that the partnership between NIC and Monte Nissin of the Philippines w formed, resulting in Sari Monde Food was C (SMFC), which also takes over Walter Corp Health Nutrition Breads.

Construction of two new factories staarted in Gresik, East Java and Lamstarted pu ung, Sumatra, which are to launch pung, operations this year.

Bread eaters g4HE 0HILIPPINES WAS THE kRST COUNTRY .)# EXPANDED to as [it was] impressed by its vast opportunities like the young growing population and its ever-increasing '$0 GROSS DOMESTIC PRODUCT 4HE 0HILIPPINES IS also a large bread-consuming country,â&#x20AC;? Regalado reports.

3ARI -ONTE ACQUIRED 7ALTER (EALTH .UTRITION "READ -ONGO "READ 3UGAR &REE $OUBLE &IBER AND BAKES Pinoy Tasty, the nationally distributed generic loaf subsidized by the Philippine Baking Industry Groupâ&#x20AC;&#x2122;s BAKERS AND lOUR MILLERS !USTRALIA EDUCATED 7ENDY 3UI #HENG 9AP .)# president and CEO, says the Japanese lifestyle bread gives people something to eat on the run. Itâ&#x20AC;&#x2122;s a clean and healthy product and has a long shelf life. â&#x20AC;&#x153;When my father consulted me about plans to open a bakery, I didnâ&#x20AC;&#x2122;t want to do another

retail boutique bakery, which usually sells bread displayed openly. I wanted to produce packaged bread that had the same quality and standards as those sold in Japan, yet adapted to local tastes.â&#x20AC;?

Her father, Piet Yap, co-founded the worldâ&#x20AC;&#x2122;s largEST SINGLE LOCATION lOUR MILL "ONGSARI ESSENCE OF FOOD IN *AVA )NDONESIA S MOST POPULOUS ISLAND

which evolved into Sari Roti. )N .)# S FACTORIES BOASTED A COMBINED production capacity of 4.2 million pieces of bread PER DAY FROM MILLION PIECES PER DAY IN It feeds 90 percent of Indonesians their daily bread. &ROM A SINGLE NIGHT SHIFT IN !PRIL 3ARI -ONTE has 300 people working on three shifts after eight MONTHS OF OPERATION IN ,AGUNA )TS HECTARE BAKERY stands on a 3-ha lot in the Calmelray Industrial Park in Canlubang, Calamba City.

/N THE SECOND TOP lOOR OF THE RECTANGULAR BUILDING IS A 5 SHAPED VIEWING CORRIDOR WHERE THE PUBLIC CAN see behind glass windows the production process of Sari Roti products that are halal or permissible or lawful food and drinks under Islamic law.

Regalado leads Boardroom Watch into the airCONDITIONED GROUND lOOR BAKING AREA (E SHEDS HIS black and buckled Katel limited edition leather shoes handcrafted in Italy. He wraps his white Champion, a century-old brand of athletic shoes with white shoe protectors. We don all-white white hairnets, face masks, gowns and sky-blue shoe protectors; wash our hands, while a body air-shower blows away breadspoiling molds. The aroma of freshly-baked loaves welcomes us.

3IGHT UNSEEN lOUR WATER YEAST AND OTHER INGREdients mix gently into a dough. It slowly ferments

TO IMPROVE lAVOR TEXTURE CRUMB AND CRUST ! MEchanical oven loader pours the dough into a train of trays, each containing six loaves and feeds it into a giant oven. Baked 30 to 35 minutes, brown loaves FALL INTO A SINGLE kLE ON A MOVING CONVEYOR %ACH 110-gram hot loaf gets turned twice before climbing up a two-story high cooling tower. Conveyed down, a mechanical blade cuts each cooled loaf into two GRAM OR THREE GRAM LOAVES 5NTOUCHED BY human hands, the loaves are individually wrapped in vacuum-sealed packs.

Tondo boy Regalado came home for good in 2018 after 32 years working in Indonesia. â&#x20AC;&#x153;My heart wanted to work for

ÂłCarmelito J. Regalado B7

˜ The Manila Times w w w.manilatimes.net

World

FRIDAY April 26, 2019

B9

Normalize ties with US, Putin tells Kim

V

LADIVOSTOK, Russia: Russian President Vladimir Putin sat down for talks Thursday with North Korean leader Kim Jong Un, saying the summit should help plan joint efforts to resolve a standoff over Pyongyang’s nuclear program.

“We welcome your efforts to develop an inter-Korean dialogue and normalize North Korea’s relations with the United States,” Putin told Kim. For his part, Kim noted that with the world’s attention now concentrated on the Korean Peninsula, “I think we will have a very meaningful dialogue on sharing our opinions on this matter while also jointly apprising and studying it.”

Speaking at the start of the talks at a university on the Russky Island across a bridge from Vladivostok, Putin voiced confidence that Kim’s visit would “help better understand what should be done to settle the situation on the Korean Peninsula, what we can do together, what Russia can do to support the positive processes

going on now.” +IM S kRST TRIP TO 2USSIA COMES about two months after his second summit with President Donald Trump failed because of disputes over US-led sanctions on the North.

Putin, meanwhile, wants to expand Russia’s clout in the region and get more leverage with Washington.

He also congratulated the Russian leader on his reelection to another six-year term last year.

In February, Trump-Kim talks ended without any agreement because of disputes over US-led sanctions. There have since been no publicly known high-level contacts between the US and North Korea, although both sides say they are still open to a third summit.

Kim wants the US to ease the sanctions to reciprocate for some partial disarmament

steps he took last year. But the US maintains the sanctions will stay in place until North Korea makes more significant denuclearization moves.

North Korea has increasingly expressed frustration at the deadlocked negotiations. Last week, it tested a new weapon and demanded that US Secretary of State Mike Pompeo be removed from the nuclear talks.

Kim arrived in

Vladivostok Wednesday aboard an armored train, telling Russian state television that he was hoping THAT HIS kRST VISIT TO 2USSIA WOULD “successful and useful.” He evoked his father’s “great love for Russia” and said that he intends to strengthen ties between the two countries. The late Kim Jong Il made three trips to Russia, the

last time in 2011.

Like the US, Russia has strongly opposed Pyongyang’s nuclear bid.

AP

FRUITFUL MEET

Russian President Vladimir Putin and North Korean leader Kim Jong Un attend a reception following their talks at the Far Eastern Federal University campus in Vladivostok, Russia. AFP PHOTO

SRI LANKA SUSPENDS MASSES IN ALL CATHOLIC CHURCHES COLOMBO: Sri Lanka’s Catholic churches suspended all public services over security fears on Thursday, as thousands of troops joined the hunt for suspects in deadly Easter bombings that killed nearly 360 people.

Security forces also made fresh arrests overnight over the attacks, as the government faced pressure over its failure to act

on intelligence warnings about possible bombings.

Recriminations have flown since suicide bombers blew themselves up in luxury hotels and churches packed with Easter worshippers on Sunday.

The president has asked the police chief and top defense ministry bureaucrat to step down, though neither has done so yet.

Diplomat: Trump wants talks, Bolton wants war NEW York: Iran’s top diplomat said Wednesday (Thursday in Manila) President Donald Trump’s aim “is to bring us to our knees to talk” — but national security adviser John Bolton and key US allies in the Mideast want “regime change at the very least” and the “disintegration of Iran.”

Foreign Minister Mohammad Javad Zarif said he doubts Trump WANTS CONlICT BECAUSE THE PRESIDENT ran on a campaign promise “not to waste another $7 trillion in our region in order to make the situation only worse.”

But Zarif said what he called “the B team”—Bolton, Israeli Prime Minister Benjamin Netanyahu, Saudi Arabia’s Crown Prince Mohammed bin Salman and Abu Dhabi Crown Prince Mohammed bin Zayed — is trying “to push Iran to take action” as a pretext for “crazy” and “adventurous” US actions.

“President Trump has a plan, but he’s being lured into not a plan but a trap,” Zarif warned in a question-and-answer session at the Asia Society. “It will cost another $7 trillion and even a greater disaster.”

Zarif said “it’s not a crisis yet, but it’s a dangerous situation,” adding

REMEMBERING COMRADES

that “accidents, plotted accidents are possible.”

The Trump administration reimposed sanctions on Iran, including on its energy sector, last November, after pulling America out of the landmark 2015 nuclear deal between Iran and six world powers.

The US designation of Iran’s Revolutionary Guard as a terrorist GROUP EARLIER THIS MONTH THE kRST ever for an entire division of another government — added another layer of sanctions to the powerful paramilitary force, making it a crime under US jurisdiction to provide the guard with material support.

On Monday, Trump announced the US will no longer exempt any countries from US sanctions if they continue to buy Iranian oil, a decision that primarily affects the five remaining major importers: China and India and US treaty allies Japan, South Korea, Turkey.

The move is part of the administration’s “maximum pressure” campaign on Iran that aims to eliminate all of its revenue from oil exports which the US says funds destabilizing activity throughout the Mideast and beyond.

AP

People dressed as French World War 1 soldiers ‘Poilus’ uniforms pose at the military cemetery of the Australian National Memorial in Villers-Bretonneux, France during Anzac Day ceremonies marking 101 years since Australian and New Zealand Army Corps soldiers landed in Gallipoli during World War 1.

AFP PHOTO

Overnight, security forces using newly granted powers under the country’s state of emergency arrested 16 more suspects in connection with the attacks.

Police have so far arrested 75 people but tensions remain h i g h w i t h s e ve r a l s u s p e c t s unaccounted for.

A senior Catholic priest told AFP that all public services were being

suspended and all churches closed “on the advice of security forces”.

Private services for burials will still be carried out, but no public masses are scheduled.

Brigadier Sumith Atapattu said the army had increased its deployment by 1,300 to 6,300 overnight, with the navy and air force also deploying 2,000 more personnel.

Authorities also announced a ban on drone flights and suspended licences issued to commercial operators with immediate effect.

The government has been on the defensive over revelations THAT SPECIkC WARNINGS ABOUT AN attack went ignored.

Sri Lanka’s police chief warned on April 11 that suicide bombings

against “prominent churches” by the local Islamist group National Thowheeth Jama’ath were possible, citing information from a foreign intelligence agency.

CNN reported that Indian intelligence services had passed on gUNUSUALLY SPECIkCu INFORMATION in the weeks before the attacks, some of it from an IS suspect in their custody.

AFP

Biden launches 2020 presidential bid WASHINGTON, D.C: Former vice president Joe Biden formally joined the crowded Democratic presidential contest on Thursday, declaring the soul of the nation at stake if President Donald Trump wins re-election.

In a video posted on Twitter , Biden focused on the 2017 deadly clash between white supremacists and counter protesters in Charlottesville, Virginia. Biden noted Trump’s comments that there were some gVERY kNE PEOPLEu ON BOTH SIDES of the violent encounter, which left one woman dead.

“With those words, the president of the United States assigned a moral equivalence between those spreading hate and those with the courage to stand against it,” Biden said. “And in that moment, I knew the threat to this nation was unlike any I had seen in my lifetime.”

“We are in the battle for the soul of this nation,” Biden continued.

“If we give Donald Trump eight

years in the White House, he will forever and fundamentally alter the character of this nation — who we are. And I cannot stand by and watch that happen.”

The 76-year-old Biden becomes an instant front-runner alongside Vermont Sen. Bernie Sanders, who is leading many polls and has proved to be a successful fundraiser . Among Democrats, Biden has unmatched international and legislative experience, and he is among the best-known faces in U.S. politics.

Biden is betting that his working-class appeal and ties to Barack Obama’s presidency will help him overcome questions a b o u t h i s p l a c e i n t o d ay ’s increasingly liberal Democratic Party. Obama did not endorse Biden on Thursday but did take the unusual step of weighing in on the race. An Obama spokeswoman said selecting Biden as his running mate in 2008 was “one of the best

Worldinbriefs SEX ABUSE CLAIMS HIT BOY SCOUTS

NEW YORK: The lawyers’ ads on the internet aggressively seeking clients to file sexual abuse lawsuits give a taste of what lies ahead this year for the Boy Scouts of America: potentially the most fateful chapter in its 109-year history.

Sexual abuse settlements have already strained the Boy Scouts’ finances to the point where the organization is exploring “all available options,” including Chapter 11 bankruptcy. But now the financial threats have intensified.

The reason: States have been moving in recent months to adjust their statute-of-limitations laws so that victims of long-ago sexual abuse can sue for damages.

AP

50 ARRESTED IN SOLOMON ISLANDS RIOTS

decisions he ever made.”

Biden’s announcement marks THE UNOFkCIAL END OF THE CHAOTIC early phase of the 2020 presidential season. The field now features at least 20 Democrats jockeying for the chance to take on Trump next year. Several lesser-known candidates may still join the race.

But the anti-establishment wave THAT SWEPT 4RUMP INTO OFkCE HAS not been kind to either party’s statesmen. Biden’s team worries about his fundraising ability and his tendency to commit gaffes. His centrist approach in a party moving left on major policy debates raises questions about his appeal.

Four years Trump’s senior, Biden would be the oldest person ever elected president should he win.

Yet his allies believe the skeptics will ultimately warm to his strong connections to the Obama years.

Biden has said he would campaign as an “Obama-Biden Democrat,” who is as pragmatic as he is progressive. He’s aiming to be

a conduit between working-class white voters and the younger, more diverse voters who backed Obama in historic numbers.

Just minutes after the announcement, the GOP lashed out against Biden’s record in the Obama administration, a line of attack in sharp contrast with recent criticism against other 2020 Democrats that has largely focused on them being too liberal, or even socialists.

“Biden’s fingerprints are all over foreign policy blunders and the weakest economic recovery since World War II,” Republican National Committee spokesman Michael Ahrens said. “We don’t need eight more years of Biden.

Just ask President Obama, who isn’t even endorsing his right-hand man.”

While it’s true that Obama hasn’t explicitly endorsed Biden’s bid, the former president weighed in on Thursday’s announcement through a spokeswoman.

AP

URUGUAY, COLOMBIA TO EXPORT MARIJUANA

MONTEVIDEO, Uruguay: Two companies from Uruguay and Colombia will become the first in Latin America to export medical marijuana products to Europe under deals announced Wednesday. Fotmer Life Sciences of Uruguay and Clever Leaves of Colombia will export cannabis extract and dried marijuana flowers to Germany, which they called the largest market in Europe, with an estimated 700,000 people using medicinal products derived from marijuana. Uruguay in December 2013 became the first country in the world to legalize a national cannabis market from growing to purchasing for personal use, and the government later legalized the export of medical marijuana products to countries where it is legal, a move that has brought a wave of inve stment.

AP

MOZAMBIQUE BRACES FOR STRONG CYCLONE

HONIARA: Solomon Islands police were maintaining an uneasy calm in the capital Honiara Thursday, a day after more than 50 people were arrested in riots following the contested election of prime minister Manasseh Sogavare. Police commissioner Matthew Varley said most Honiara shops remained closed after Wednesday’s unrest, which saw vehicles damaged, roadblocks set on fire and police stations attacked by people throwing rocks. “Our officers were battling a moving, running crowd,” he told reporters Thursday, adding more than 50 people were arrested or detained for offences relating to “riots, rock throwing and other acts of criminal damage.”

AFP

MAPUTO: Mozambique was bracing for a powerful cyclone to make landfall on Thursday, just one month after another cyclone devastated the country and neighboring Zimbabwe leaving more than 1,000 dead. The UN warned that the latest storm could trigger flash flooding and landslides in Mozambique’s far north, and the government closed dozens of schools likely to be in the storm’s path. National airline LAM has suspended flights between the capital Maputo and Pemba on the northeast coast because of Cyclone Kenneth, it said in a statement.

AFP

11 KILLED IN CHINA ELEVATOR COLLAPSE

Chinese Film Week kicked off in Prague on Wednesday night, bringing Czech people the best of recent Chinese cinema spanning action, drama, romance and more. “Go away Mr. Tumor” opened the week-long event, which runs from April 23 till April 29. “The Chinese Film Week program will offer Prague audiences a rare chance to enjoy the most exciting Chinese cinema from the past few years,” said Cao Yin, director of production center of movie channel of China Central Television (CCTV). “It aims to connect with lovers of the films, while tightening bonds and experiences between international audiences and broadening the appeal of Chinese cinema,” he added.

GLOBAL TIMES

Eleven workers were killed and two others were seriously injured after an elevator collapsed at a construction site in North China’s Hebei Province Thursday morning, local authorities said. The collapse occurred around 8 a.m. in Taocheng District of Hengshui city, according to the city government. The injured are being treated at a local hospital. An investigation into the cause of the accident is underway.

GLOBAL TIMES

CHINESE FILM WEEK OPENS IN PRAGUE

B10

Special Feature

FRIDAY April 26, 2019

Ë&#x153; The Manila Times w w w.manilatimes.net

CMAP @ 87

Celebrating over 8 decades of providing reliable credit management solutions

BY MARIFE T. REMO

O

N its 87th founding anniversary, the Credit Management Association of the Philippines (CMAP) fortifies its role in ensuring stability in credit management while keeping up with emerging trends and technologies.

Early years Credit information exchange for sound credit decisions â&#x20AC;&#x201C; the simple idea that started it all. Establishing a credit management organization to embody the noTION kRST CAME TO A GROUP OF CREDIT men who got together sometime in 1931 to discuss credit issues faced by their own companies. On April 19, 1932, that organization was formally incorporated as a NON STOCK NON PROkT ENTITY WITH the name Association of Credit Men (Phils.) Inc. Its purpose was to promote credit information exchange and foster fellowship and camaraderie among credit men.

In 1967, the association changed its name to Credit Management Association of the Philippines Inc. to keep up with the increasing DEMANDS OF THE lOURISHING CREDIT profession in the country.

In its early years, CMAP bore witness to several economic and political crises â&#x20AC;&#x201C; yet it stood these tests decade after decade. What started out as a modest organization composed of a few men grappling with credit problems has now evolved into a thriving association of over 400 business organizations and individuals coming from different industries nationwide such as banking, kNANCING LENDING SERVICES REAL estate, trading, manufacturing, insurance and telecommunica-

tions. The organization also has ITS AFkLIATED GROUPS IN THE 6ISAYAS and Mindanao regions.

The role of CMAP in credit management CMAP, headed by current president Luis Arriola, is in the business of providing effective credit management solutions to its clients and members. The organization primarily acts as a repository and medium for the exchange of credible credit information. It gives access to important credit-related listings which are voluntarily provided by its own members. These RECORDS INCLUDE COURT CASES kLED in the Philippines under Estafa, Foreclosure, Illegal Recruitment, 3WINDLING &ALSIkCATION OF 0UBLIC Documents and more; returned checks; accounts endorsed to lawyers; and past due accounts submitted by telecommunication companies.

Over the years, CMAP has taken on more roles in addition to providing quality credit information.

As the leading credit management institution in the country, CMAP also works hard in promoting proper credit understanding and use among credit practitioners in both public and private sectors. The organization hosts the National Credit Congress in celebration of the Credit Consciousness Week (April 24 to 30), pursuant to Proclamation no. 568. The culmi-

nating activity is a venue for credit users and grantors to learn more about the art of credit and the trends and issues that surround it.

Distinguished keynote speakers from different sectors are invited to talk about different topics which are of national and economic importance.

CMAP promotes continuous credit education to its members and the local credit community with its various seminars and workshops that cover a wide range of topics including credit measurement, protection and collection.

These activities are announced through publications such as newsletters (every other month) and semi-annual journals which also contain special features about the credit industry.

CMAP actively advocates credit responsibility and discipline to aid credit practitioners in mainTAINING kNANCIAL HEALTH WHICH IN turn contributes to the economic development of the country.

Furthermore, CMAPâ&#x20AC;&#x2122;s main aim is TO ENSURE A SMOOTH lOW OF CREDIT TO those who truly deserve it. â&#x20AC;&#x153;Not only that, we want to educate the users of credit to be more responsible and worthy of the accommodations GRANTED TO THEM u !RRIOLA AFkRMS

CMAP today At the 38th CMAP National Con-

Message

M

Y warmest greetings to the Credit Management Association of the Philippines (CMAP) as it holds its 38th National Credit Congress and celebrates its 87th Founding Anniversary.

gress, technology takes center stage with the theme CMAP at the Forefront of Fintech Evolution.

Financial technology is essential to the role of CMAP when it comes to the interchange of credit information. â&#x20AC;&#x153;As an organization that provides relevant credit management solutions to over 400 member-companies across various industries, it is incumbent upon us to keep ourselves abreast and even ahead of the trend,â&#x20AC;? Credit Congress Committee Chairman Arnaldo Bacabac, Jr. states. &INTECH PORTMANTEAU FOR kNANcial technology, is simply the use of new technology to improve and AUTOMATE THE DELIVERY OF kNANCIAL services. Online loan processing, automated functions for purchases and payments, electronic funds transfer and other data-driven services are just a few examples of this relatively new type of technology. Giving consumers THE ABILITY TO ACCOMPLISH kNANCIAL tasks with the click of a button is certainly a welcome convenience. And their online activities will in turn provide credit institutions with insight into the payment behavior of the people.

One example of THE IMPACT OF kNTECH on credit management is the success of Home Credit, a

The rise of information and communications technology as a major instrument in financial transactions has created a new landscape for businesses and industries. It levels the playing field in favor of emerging entrepreneurs, enabling them to fully embrace the opportunities offered by regional economic integration and globalization.

I welcome this event that seeks to provide a venue to discuss the significance of financial technology in attaining your goal of ensuring the accessibility and reliability of credit information.

May this enable your member-organizations to keep up with recent technological innovations as you upgrade your existing data sharing mechanisms.

As you observe Credit Consciousness Week, I ask you to come up with more solutions on how to offer alternative sources of capital so we can build a more competitive business environment that can harness the potential of aspiring entrepreneurs as catalysts for national development.

I wish you all the best.

non-bank, online lending company that lends to consumers with little to no credit history. At the CMAP general meeting last February 26, 2019, Home Credit Chief Financial Officer Zdenek Jankovsky presented to the board how his company rose to the ranks as the biggest consumer lending company in the country.

Loan application results can be churned out in just 10 minutes the company receives an average of 30,000 loan applications daily.

Home Credit currently has over 11,000 employees and has catered to about 4.1 billion borrowers as of January 2019.

CMAP has taken steps to upgrade its data sharing services but it is also wary of the risks digitalization carries. â&#x20AC;&#x153;Even these systems

must be continuously protected from hacking and infiltration.

Thus the need for greater vigilance and preparedness. This way, we eliminate or at least lessen the risks and make the process faster so that credit is given at the right time and not when it is too late,â&#x20AC;? said CMAP President Arriola.

On his last year of presidency, Arriola takes pride in CMAPâ&#x20AC;&#x2122;s ability to adapt to new technologies and its unstoppable growth as a professional association. â&#x20AC;&#x153;We have started the formation of local regional chapters and now we are spearheading the creation of the Asean Credit Information Network (ACIN) to cover the whole region and its major partner countries such as Japan, Korea, and the USA,â&#x20AC;&#x153; he adds.

Message Message C

ongratulations to the Credit Management Association of the Phil ippines, Inc. (CMAP) on the occasion of its 38t h CMAP National Cred it Congress and 87t h Founding Anniversary!

Through the years, the BSP has recognized CMAP as a vital partner in promoting a sound credit management cult u re that is aimed at ach ieving a resilient financial system in the count ry. This yearâ&#x20AC;&#x2122;s t heme: â&#x20AC;&#x153;CMAP at the Forefront of Fintech Evolutionâ&#x20AC;?, aptly describes the CMAPâ&#x20AC;&#x2122;s forward-looking approach in keeping abreast with significant technological changes and in promoting a friendly business environment in the service of its members .

I also commend the CMAP for its efforts in pioneering an organized credit informat ion exchange which is crucial in creating an effective cred it management ecosystem. Through these efforts, the CMAP continues to be at the forefront of providing reliable credit information, nurturing credit consciousness, and instilling responsibility and discipline among cred it grant ors and users in both the public and private sectors.

Moving forward, we reaffirm our partnership with the CMAP in strengthening the financial system by being proactive stewards of financial innovat ions. Through this partnership, the BSP continues to nurtue meaningful reforms towards our shared goal of achieving a comprehensive and unified approach to digital transformation and fi nancial inclusion that is supportive of a stable, sound, and globally competitive digital financial ecosystem.

I wish the CMAP success in all its endeavors! Mabuhay po kayo!

T

o head CMAP for two years in a row is a singular source of pride for me as this Associationâ&#x20AC;&#x2122;s main aim is to ensure smooth flow, not a hamper, of credit to those who or which deserves it. Not only that, we want to educate the users of credit to be more responsible and worthy of the accomodations granted to them.

CMAP grows and lives with the changes particularly in technology and coverage-from the national to the regional and then to the world. As the business from within the country and the region becomes bigger, CMAP enhances its capacity and capability to cope with the needs of time. Of course, it goes without saying that we want to do so not at the expense of breaking the privacy rules.

We have started the formation of local regional chapters and now we are spearheading the creation of the ASEAN Credit Information NETWORK (ACIN) to cover the whole region and major partner countries of Japan, Korea, China and the USA. For how we distinguish the â&#x20AC;&#x153;chaff from the grainâ&#x20AC;? among the many businesses wishing to interact with their counterparts in the region without an organized system of information exchange? Even these systems must be continuously protected from hacking and infiltration. Thus the need for greater vigilance and preparedness. This way, we eliminate or at least lessen the risks and make the process faster so that credit is given at the right time and not when it is too late.

I thank my fellow officers, the staff and the sponsors of this event. May all of us continue to be responsive to the needs of time. We have this duty for our organization, our country and the world.

May God bless us all always.

LUIS T. ARRIOLA President Credit Management Association of the Philippines

Ë&#x153; The Manila Times w w w.manilatimes.net

Special Feature

FRIDAY April 26, 2019

B11

CMAP History, Objectives and Services HISTORY

T

G

Message reetings!

Today we celebrate the 38th National Congress and the 87th Founding Anniversary of the Credit Management Association of the Philippines or CMAP. We decided to adopt the theme â&#x20AC;&#x153;CMAP at the Forefront of Fintech Evolutionâ&#x20AC;? in cognizance of the growing trend towards digitalization in the field of finance and its impact on the business environment.

HE Credit Management Association of the Philippines was conceptualized in 1931 when some credit men met and discussed the credit problems of their companies. They envisioned a need to from an organization which would promote credit information interchange as well as foster fellowship and camaraderie among credit men. This became a reality upon its formal incorporation on April 19, 1932 as a non-stock, NON PROkT ENTITY UNDER THE NAME !SSOCIATION OF #REDIT -EN 0HILS )NC To keep up with the changing times in consonance with the growing recognition of the increasing responsibilities of the credit profession, the Association changed its name to Credit Management Association of the Philippines (CMAP) Inc. in 1967.

To date, CMAP has a membership of over 400 companies from the BANKING kNANCING SERVICES TRADING MANUFACTURING AND INSURANCE SECTORS OF THE 0HILIPPINES BUSINESS !FkLIATED WITH #-!0 ARE REGIONAL CREDIT ASSOCIATION FROM 6ISAYAS AND -INDANAO

Arnaldo S. Bacabac, Jr. SVP Operations Group Head

a. Batas Pambansa #22 b. Estafa c. Foreclosure d. Illegal Recruitment e. Ejectment F &ALSIkCATION OF 0UBLIC $OCUMENT

g. h. i. j. k.

Replevin Sum of Money Unlawful Detainer Swindling Other Deceits

â&#x20AC;˘ Listing of Returned Checks is a compilation of clients who issued CHECK S WHICH WAS WE DISHONORED BY THE DRAWEE BANK SUBMITTED

by CMAPâ&#x20AC;&#x2122;s members. â&#x20AC;˘ Listing of Account Endorsed to Lawyers is a compilation of accounts endorsed to legal submitted by the members of CMAP. â&#x20AC;˘ Listing of Past Due Accounts from telecommunication companies.

OBJECTIVES â&#x20AC;˘ To promote active and voluntary interchange amongst members thru mutual and reciprocal use of quality credit information. â&#x20AC;˘ To have a clear understanding of credit with the end in view of ensuring its proper use. â&#x20AC;˘ To develop and nurture credit consciousness among credit practitioners. â&#x20AC;˘ To instill discipline among credit users and credit grantors. â&#x20AC;˘ To contribute to the countryâ&#x20AC;&#x2122;s economic development thru effective credit management.

As an organization that provides relevant credit management solutions to our over 400 member companies across various industries, it is incumbent upon us to keep ourselves abreast and even ahead of the trend.

Let me take this opportunity to extend my sincerest thanks and warmest congratulations to our CMAP Directors and Officers, and to all the CMAP members, our stakeholders, and our regulators.

,ISTING OF #OURT #ASES IS A COMPILATION OF COURT CASES kLED IN THE different courts on Metro Manila, Batangas, Cavite, Laguna, Cebu and Davao and other key cities in the Philippines in the following categories:

SERVICES Here is a complete listing of our organizationâ&#x20AC;&#x2122;s services. Should you be interested in any one of them, please do not hesitate to get in touch with us.

CMAP President Luis Arriola is the publisher and editor-in-chief of the Asean Times and 20/20 News (Straight news. No fake news). He is also the convenor and chairman of One Philippines and president of the PhilippineVietnam Friendship Association, founder and president of Earth Center/Philippine Nature Conservancy and past president of Publishers Association of the Philippines, Inc. (PAPI). CMAP is now spearheading the creation of the Asean Credit Information Network (ACIN).

THE 38TH NATIONAL CREDIT CONGRESS & 87TH FOUNDING ANNIVERSARY April 26, 2019 - 9:00 A.M. Manila Diamond Hotel PROGRAM MORNING 9:00 a.m.

10:00a.m.

10:30 a.m.

11:00 a.m.

11:30 a.m.

Registration Welcome Remarks MR. LUIS T. ARRIOLA President, CMAP Overview Mr. ARNALDO â&#x20AC;&#x153;Junâ&#x20AC;? BACABAC, Jr. Chairman, Credit Congress Committee Presentation by Sponsors Entertainment Elections MR. NEIL B. BINALLA Chairman Comelec, Past President, CMAP

AFTERNOON 12:00 p.m.

Entry of Colors Invocation National Anthem Opening Address

12:15 p.m.

Introduction of Guest and Visitors LUNCH & ENTERTAINMENT Introduction of MR. JUANCHO â&#x20AC;&#x153;Anchetâ&#x20AC;? T. MAGPANTAY Keynote Speaker Director, CMAP

12:20 p.m.

1:00 P.M.

Keynote Address 1:45 p.m.

Introduction of Keynote Speaker Resource Speaker

Araullo High School The Minstrels of Hope Choir The Minstrels of Hope Choir MR. LUIS â&#x20AC;&#x153;Luiâ&#x20AC;? T. ARRIOLA President, CMAP

HON. MR. KELVIN LESTER K. LEE Commissioner, Securities and Exchange Commission MR. JEZREEL â&#x20AC;&#x153;JEZâ&#x20AC;? PIMENTEL Vice President of CMAP MS. AMOR MACLANG Exec. Director of Fintech Association of the Philippines

Panel Discussion with the officers of the Fintech Association of the Philippines 2:45 p.m.

3:30 p.m.

Introduction of Resource Speaker

MS. ROLINDA â&#x20AC;&#x153;Lhenâ&#x20AC;? MANEJA Director, CMAP

Resource Speaker

MR. MARIO JORDAN â&#x20AC;&#x153;Magellan â&#x20AC;&#x153; FETALINO III CEO Acudeen Technologies Inc. MS. MARIA THERESA CLARA â&#x20AC;&#x153;Ayetteâ&#x20AC;? M. DE LEON Director, CMAP

Introduction of Guest Speaker Guest Speaker

Hon. FRANCISCO G. DAKILA, JR. Assistant Governor of Bangko Sentral ng Pilipinas

Introduction of Guest Speaker Guest Speaker

MS. MA. CRISTINA â&#x20AC;&#x153;Tinaâ&#x20AC;? MAULION Treasurer, CMAP MR. CEZAR P. CONSING President, Bank of the Philippine Islands and President, Bankers Association of the Philippines

4:30 p.m.

RAFFLE 6:00 p.m.

Closing Remarks

MR. REYNALDO CONCEPCION Division Head, Bank of Commerce E m c e e s:

MS. SHARON M. REYES Chairman/President - Asiagroup Finance Corporation MR. ADONIS BRAVO Publichersâ&#x20AC;&#x2122; Association of the Philippines Inc.

CMAP BOARD OF DIRECTORS AND OFFICERS FOR 2018-2019 (From left) Arnaldo Bacabac Jr, director and chairman of the CMAP National Credit Congress 2019 and Orix Metro Leasing & Finance Corp. SVP; Melinda Alvarez, director and Phinma Property Holdings Corp. manager; Juancho Magpantay, director and Security Bank Corp. AVP; Ma. Theresa de Leon, director and Credit-Bahay Financial Services Inc. head; Jezreel Pimentel, VP and China Bank Savings Inc. AVP; Melinda Clarin, board secretary and Stores Specialists Inc. credit and collection manager; Luis Arriola, president and St. Jude Media Organization Inc. president; Ma. Cristina Maulion, treasurer and Directories Philippines Corp. treasury Manager; Roderick Vinluan, assistant secretary and Quanta Paper Corp. credit and collection manager; Rolinda Maneja, assistant Treasurer and Puregold Finance Inc. manager; and Reynaldo Concepcion Jr., director and Bank of Commerce division head.

B12

World

Ë&#x153; The Manila Times w w w.manilatimes.net

FRIDAY April 26, 2019

Respect our laws, HK tells consulates O FFICE of the Commissioner of the Chinese Foreign Ministry in the Hong Kong Special Administrative Region (HKSAR) on Wednesday urged relevant consulates and organizations based in Hong Kong to abandon â&#x20AC;&#x153;double standardsâ&#x20AC;? and respect Hong Kongâ&#x20AC;&#x2122;s rule of law.

â&#x20AC;&#x153;We urge the relevant consulates and organizations based in Hong Kong to earnestly respect the rule of law in the city, abandon the erroneous practice of applying â&#x20AC;&#x2DC;double standardsâ&#x20AC;&#x2122;, stop interfering

in Hong Kong affairs under the pretext of â&#x20AC;&#x2DC;human rightsâ&#x20AC;&#x2122; and â&#x20AC;&#x2DC;freedomâ&#x20AC;&#x2122;, and stop interfering in Chinaâ&#x20AC;&#x2122;s domestic affairs,â&#x20AC;? a spokesman of the commissionerâ&#x20AC;&#x2122;s OFkCE SAID

The remarks were in response to comments made by the US and British consulates general in Hong Kong and some foreign nongovernment organizations after a HKSAR court sentenced several founders of the 2014 illegal â&#x20AC;&#x153;Occupy Centralâ&#x20AC;? movement to imprisonment earlier on the same day. â&#x20AC;&#x153;Hong Kong is under the rule of law. Everyone is equal before the law. The unlawful â&#x20AC;&#x2DC;Occupy Centralâ&#x20AC;&#x2122; incident posed grave threat to public security, and

undermined social stability and the rule of law in Hong Kong, running counter to the freedoms of speech and assembly enjoyed by the Hong Kong residents in accordance with law,â&#x20AC;? the spokesman said. â&#x20AC;&#x153;Hong Kong is Chinaâ&#x20AC;&#x2122;s Hong Kong. Hong Kong affairs are entirely Chinaâ&#x20AC;&#x2122;s domestic affairs,â&#x20AC;? the spokesman said, adding, g7E STAND kRMLY AGAINST ANY interference by any foreign forces under whatever excuse.â&#x20AC;?

GLOBAL TIMES

NEW KING

A photo of new Thailand King Maha Vajiralongkorn is displayed at a stand in Bangkok. The new king will be formally coronated today at the Royal Palace in Bangkok, Thailand.

AFP PHOTO

Tanzania, China have rock-solid relations TANZANIAâ&#x20AC;&#x2122;S education minister on Wednesday described the diplomatic relations between Tanzania and China as rock-solid that has weathered the past 55 years.

Speaking at a gala celebrating the 55th anniversary of the establishment of diplomatic relations between Tanzania and China, Tanzanian Minister for Education, Science and Technology Joyce Ndalichako said the friendship has been growing prosperously year after year. â&#x20AC;&#x153;China is a friend indeed,â&#x20AC;?

Ndalichako said at the gala coorganized by Tanzaniaâ&#x20AC;&#x2122;s Ministry of Foreign Affairs and East African Cooperation and the Chinese Embassy in Tanzania.

It was on April 26, 1964, the first Union Day of Tanzania, that the Peopleâ&#x20AC;&#x2122;s Republic of China established diplomatic relations with the Untied Republic of Tanzania, which made China AMONG THE kRST GROUP OF COUNTRIES establishing diplomatic relations with Tanzania.

Ndalichako told her audience, including members of the diplomatic corps, academicians and students, that China has undertaken many landmark projects in Tanzania during the 55 years of friendship.

She cited such landmark projects as Tanzania-Zambia Railway (Tazara), the imposing University of Dar es Salaam library, the Nyerere Bridge, the Jakaya Kikwete Cardiac Institute and the Julius Nyerere International Convention Center.

Ndalichako said the fifth administration under President John Magufuli looks forward

to working closely with China in pushing for the countryâ&#x20AC;&#x2122;s transformation. â&#x20AC;&#x153;We expect that China will support Tanzania, especially the Chinese financial institutions, in the implementation of our development projects,â&#x20AC;? said the minister. â&#x20AC;&#x153;Hand in hand, shoulder to shoulder, we have gone through an extraordinary 55 years,â&#x20AC;? said Wang Ke, Chinese ambassador to Tanzania. â&#x20AC;&#x153;We are proud that China helped Tanzania train freedom kGHTERS PROVIDED A LARGE AMOUNT of financial and technological assistance, and through Tanzania supported the national liberation movements in southern African countries,â&#x20AC;? said Wang.

She said China never forgot that in 1965, despite strong external pressure, Tanzania as the first country in eastern and southern Africa, signed the Treaty of Friendship with China.

In 1971, Tanzania rendered its firm support to the Peopleâ&#x20AC;&#x2122;s Republic of China in efforts to restore Chinaâ&#x20AC;&#x2122;s lawful seat in the United Nations, recalled Wang.

She said recent years have witnessed the continuous deepening of strategic trust between the two countries, increasingly close bilateral communications in VARIOUS kELDS AND LEVELS INCLUDING national and local governments, political parties, and legislative bodies, ever frequent exchanges on the experiences of governance, and mutual support on issues of each otherâ&#x20AC;&#x2122;s core interests and major concerns.

GLOBAL TIMES

Cyberattackers hit Archaeologists discover ancient temple in Cambodia AI Hong Kong office HONG Kong: Amnesty Internationalâ&#x20AC;&#x2122;s Hong Kong office has been hit by a years-long cyberattack from hackers with known links to the Chinese government, the rights group said Thursday.

The attack comes at a time of growing concern in Hong Kong over shrinking freedoms AS "EIJING lEXES ITS MUSCLES AND western nations fret about the global dominance of China in telecommunications networks. !MNESTY SAID IT kRST DETECTED ITS systems had been compromised on March 15 when its Hong Kong OFkCE MIGRATED ITS )4 INFRASTRUCTURE to the rights groupâ&#x20AC;&#x2122;s more secure international network as part of a scheduled upgrade.

The group brought in a team of experts to investigate. â&#x20AC;&#x153;Cyberforensic experts were able to establish links between the infrastructure used in this attack and previously reported APT campaigns associated with the Chinese government,â&#x20AC;? the group said in a statement.

Advanced persistent threats (APTs) are the most complex and effective hacks that deploy s i g n i f i c a n t k n ow h ow a n d resourcesâ&#x20AC;&#x201D;and they are usually carried out by, or on behalf of, a state.

China has long been accused by

western governments, businesses and cyberanalysts of using APT groups to carry out corporate and political espionage as well as pursue critics and opponents overseas, allegations it denies.

Amnesty said its investigations pointed to â&#x20AC;&#x153;a known APT groupâ&#x20AC;? which used â&#x20AC;&#x153;tactics, techniques and procedures consistent with a well developed adversaryâ&#x20AC;?.

It declined to name the group, saying investigations were still ongoing, but added it would release a technical report at a later date. â&#x20AC;&#x153;This sophisticated cyberattack underscores the dangers posed by state-sponsored hacking and the need to be ever vigilant to the risk of such attacks,â&#x20AC;? said Man-kei Tam, director of Amnesty International Hong Kong. â&#x20AC;&#x153;We refuse to be intimidated by this outrageous attempt to harvest information and obstruct our human rights work,â&#x20AC;? he said.

Tam said experts were still trying to work out when the attack began, but they believe their systems were compromised for some time. â&#x20AC;&#x153;According to our cyberforensic experts the attack has been persistent, so it has been happening already for a few years,â&#x20AC;? he told AFP, adding that it has since been contained.

AFP

CAMBODIAN archaeologists with the Apsara Authority have uncovered the upper portion of the submerged northern foundation of the Ak Yum Temple after the water level at West Baray Lake receded due to hot weather.

Apsara Authority spokesman L o n g Ko s a l ye s t e r d ay s a i d that archaeologists from the Department of Conservation of the Monuments began excavating the northern part of Ak Yum Temple at the end of March, while the Water Resources Management Department was doing maintenance work at the

lake.

He said the archaeologists opened eight excavation sites to search for the base in the north of the temple and to study whether there had been settlements along the northern side of the temple just like along the western side.

Archaeologists excavated a total of eight sites in the lake area and uncovered portions of the templeâ&#x20AC;&#x2122;s foundation in three of them,â&#x20AC;? Mr Kosal said. â&#x20AC;&#x153;The base of the temple was submerged during the 11th century.â&#x20AC;? â&#x20AC;&#x153;This result will greatly contribute toward determining

the exact location as well as the depth of the foundation of Ak Yum temple,â&#x20AC;? he added.

Chea Socheat, Apsara Authorityâ&#x20AC;&#x2122;s director of the Ak Yum Temple research project, yesterday said that in addition to finding the upper portion of the temple base, archaeologists also found several large stones, believed to have been used by people to prevent the northern part of the temple from becoming submerged between the seventh and ninth century. â&#x20AC;&#x153;The working team is currently digging deeper to get to the base of the temple but work could be

disrupted if there is rain which increases the water level,â&#x20AC;? he said.

According to Apsara Authorityâ&#x20AC;&#x2122;s OFkCIALS THE ARCHAEOLOGICAL STUDY of Ak Yum Temple is expected to be completed in mid-May. In March 2016, French research group Mafkata found that the the Ak Yum Temple structure at the south part of the lake is the oldest, dating back to 600 years.

According to historical documents, Ak Yum Temple was built between the seventh and ninth centuries and construction began during the reign of Bhavavarman I. KHMER TIMES

UN to assess Cambodia HR situation RHONA Smith, the United Nations (UN) special rapporteur on Human Rights in Cambodia, will visit the Kingdom later this month to follow up on the human rights situation in the country.

According to a UN statement, Ms Smith will visit the country from April 29 to May 9. â&#x20AC;&#x153;I will be focusing my mission on the current situation of human rights, and will be following up on developments since my previous mission last November,â&#x20AC;? Smith said in the statement.

I also aim to continue my examination of human rights

with respect to Sustainable Development Goals, looking in particular at non-discrimination and equality, and participation and accountability,â&#x20AC;? she added.

According to her agenda, she plans to meet senior government leaders, representatives of civil society and members of the diplomatic community.

Chin Malin, vice chairman of the Cambodian Human Rights Committee, said the committee will meet with Smith on April 30 and discussions will focus on human rights in the Kingdom. â&#x20AC;&#x153; We w i l l s h o w h e r t h e

progression of human rights and democracy in Cambodia,â&#x20AC;? he said.

Malin noted that the government has done a lot of late for the rights of children and indigenous people.

We have developed human rights through political stability, peace and economic growth, improving peopleâ&#x20AC;&#x2122;s livelihoods and creating jobs,â&#x20AC;? Mr Malin said. â&#x20AC;&#x153;It is clear there has been progress.â&#x20AC;?

Last November, Ms Smith called on the courts to drop treason charges against former opposition leader Kem Sokha or speed up his case and lift his restrictive bail conditions.

CEREMONY Samaritan children participate in an early

morning Passover ceremony at Mount Gerizim near the West Bank city of Nablus. The Samaritans are a community of a few hundred people living in Israel and in the Nablus area who trace their lineage to the ancient Israelites led by the biblical prophet Moses out of Egypt.

AFP PHOTO

She said that she remains concerned over Mr Sokhaâ&#x20AC;&#x2122;s freedom as he remains under court supervision while awaiting trial for allegedly colluding with the United States to overthrow the government.

Soeng Sen Karuna, senior investigator for rights group Adhoc, said his organisation will meet with Ms Smith as well. â&#x20AC;&#x153; We w i l l i n f o r m h e r o f developments, especially how the Interior Ministry has opened space for civil society groups doing activities,â&#x20AC;? Mr Sen Karuna said.

KHMER TIMES

CHINA TO US: AVOID WRONG MOVES IN IRAN BEIJING: China has told Washington to avoid â&#x20AC;&#x153;wrong movesâ&#x20AC;? that hurt Chinese interests, following a US threat to impose sanctions on buyers of Iranian oil.

A foreign ministry spokesman, Geng Shuang, said Wednesday that Beijing opposes the Trump administrationâ&#x20AC;&#x2122;s â&#x20AC;&#x153;unilateral sanctions and so-called longarm jurisdictionâ&#x20AC;? over Iran.

Geng said China, one of the biggest buyers of Iranian oil expor ts, would protect the â&#x20AC;&#x153;legitimate rightsâ&#x20AC;? of its companies but gave no indication how Beijing might respond if Washington imposes penalties.

Geng said at a news briefing, â&#x20AC;&#x153;We urge the United States to earnestly respect C h i n aâ&#x20AC;&#x2122;s i n t e re s t s a n d co n ce r n s a n d refrain from taking wrong moves that will undermine our interests.â&#x20AC;?

AP

Sports

FFRIDAY AAPRIL 26, 2019

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www.manilatimes.net

Harden helps Rockets eliminate Jazz with 100-93 win H OUSTON: In a series where their shots werenâ&#x20AC;&#x2122;t falling like normal, the Houston Rockets managed to close it out with some tough defense. *AMES (ARDEN SCORED POINTS AND THE 2OCKETS OUTLASTED THE 5TAH *AZZ ON 7EDNESDAY NIGHT 4HURSDAY IN -ANILA TO WIN THEIR kRST ROUND PLAYOFF SERIES (OUSTON ADVANCED TO THE 7ESTERN #ONFERENCE SEMIkNALS FOR THE THIRD STRAIGHT SEASON AND WILL FACE THE WINNER OF THE ,OS !NGELES #LIPPERS 'OLDEN 3TATE 7ARRIORS SERIES 4HE 2OCKETS HAD STEALS AND BLOCKS THE kRST PLAYOFF GAME WHERE THEY HAD DOUBLE FIGURES IN BOTH SINCE 'AME OF THE 7ESTERN #ONFERENCE kNALS JUST BEFORE THEY WENT ON TO WIN THEIR kRST TITLE g7E DIDN T MAKE AS MANY SHOTS AS WE WANTED TO BUT THESE LAST FEW GAMES WE HUNG OUR HAT ON DEFENSE u (ARDEN SAID 2ICKY 2UBIO CUT (OUSTON S LEAD TO ON A JUMP SHOT WITH ABOUT A MINUTE LEFT 0 * 4UCKER MISSED TWO FREE THROWS BUT GRABBED A LOOSE BALL SECONDS LATER AND WAS FOULED AGAIN 4HIS TIME HE MADE BOTH SHOTS TO MAKE IT (ARDEN BLOCKED A SHOT BY 2UBY 'OBERT ON 5TAH S NEXT POSSESSION AND HE MADE TWO FREE THROWS TO EXTEND THE LEAD TO WITH

SECONDS LEFT $ONOVAN -ITCHELL WHO WAS JUST OF MISSED A POINTER AFTER THAT AND #HRIS 0AUL ADDED TWO MORE FREE THROWS TO SECURE the victory. g7E DIDN T WANT TO GO BACK TO 5TAH u 0AUL SAID g7E WANTED to take care of business tonight. !LL NIGHT WE WERE TALKING ABOUT ENERGY )T S ALWAYS HARD TO BEAT A TEAM AND CLOSE THEM OUT u 4HE 2OCKETS GOT A SOLID GAME FROM #LINT #APELA WHO HAD POINTS AND REBOUNDS (E ACKNOWLEDGED HAVING TROUBLE BREATHing in the Game 4 loss because of an UPPER RESPIRATORY INFECTION AND WAS HELD TO JUST FOUR POINTS g) FELT A LOT BETTER u #APELA SAID g) DEkNITELY FELT LIKE ANOTHER PERSON THAN ) DID THE LAST GAME u !FTER SCORING POINTS TO LEAD 5TAH TO THE VICTORY IN 'AME

-ITCHELL MANAGED JUST POINTS ON A NIGHT HE MISSED ALL NINE OF his 3-point attempts. g) M UPSET BUT ) M GOING TO BE BETTER u THE SECOND YEAR PLAYER SAID g3IMPLY PUT ) WASN T TONIGHT AND ) LL BE BETTER u

*AZZ COACH 1UIN 3NYDER LAMENTED THE DIFkCULTIES OF DEALING WITH A VETERAN COACH LIKE -IKE $ !NTONI AND PERENNIAL !LL 3TARS 0AUL AND (ARDEN g4HEY RE SO CEREBRAL THAT THEY RE ABLE TO kND WEAKNESSES IN YOUR DEFENSE u HE SAID (ARDEN STRUGGLED TO GET GOING EARLY AND DIDN T SCORE IN THE kRST QUARTER "UT AFTER MISSING HIS kRST SEVEN SHOTS AND OF HIS kRST ATTEMPTS

HE kNALLY FOUND A RHYTHM 2OYCE / .EAL CAME OFF THE BENCH TO LEAD 5TAH WITH POINTS

2UBIO HAD AND *AE #ROWDER ADDED 'OBERT WASN T MUCH OF A factor in this one, scoring just nine POINTS WITH REBOUNDS 4HE *AZZ OPENED THE FOURTH QUARTER WITH AN RUN TO TAKE A LEAD WITH MINUTES LEFT 2UBIO HAD TWO STEALS AND A BASKET TO HELP 5TAH GO ON TOP (OUSTON ENDED ITS SCORING DROUGHT AFTER THAT SCORING THE NEXT kVE POINTS CAPPED BY A THREE POINT PLAY FROM (ARDEN TO MAKE IT 2UBIO MADE A POINTER FOR 5TAH BEFORE 0AUL SCORED kVE QUICK POINTS TO EXTEND (OUSTON S ADVANTAGE TO WITH MINUTES LEFT (OUSTON TRAILED BY SEVEN LATE IN THE SECOND QUARTER BEFORE USING A RUN TO LEAD BY FOUR ENTERING THE THIRD (ARDEN SCORED EIGHT OF

Q Houston Rockets guard James Harden (No. 13) drives to the basket against Utah Jazz forward Derrick Favors (No. 15) during the first half in Game 5 of an NBA basketball playoff series, in Houston on Thursday. AP PHOTO HIS kRST HALF POINTS DURING THAT run. The Rockets kept it going to START THE THIRD USING A SPURT TO MAKE IT WITH ABOUT MINUTES LEFT IN THE QUARTER (ARDEN AND 4UCKER HAD POINTERS IN THAT SPAN AND #APELA ADDED A DUNK $ANUEL (OUSE MADE A POINTER

KERR RIPS WARRIORS AFTER CLIPPERS LOSS LOS ANGELES: Golden State Warriors head coach Steve Kerr accused his team of taking victory for granted on Wednesday (Thursday in Manila) as the NBA champions slumped to an upset 129-121 playoff defeat to the Los Angeles Clippers.

The Warriors had looked set to advance into a Western Conference semi-final showdown with Houston, needing only a victory on home turf against the eighth-seeded Clippers to complete a 4-1 series victory.

But a 45-point display from Kevin Durant could not mask a shoddy Warriors defensive performance which the Clippers exploited to claw the series back to 3-2 as the teams head to Los Angeles for game six.

Lou Williams delivered 33 points off the bench for the Clippers while Patrick Beverley hauled down 14 rebounds to craft an upset which left Kerr bemoaning a lacklustre showing from his team. â&#x20AC;&#x153;Itâ&#x20AC;&#x2122;s been a year where things havenâ&#x20AC;&#x2122;t gone exactly smoothly all the time so Iâ&#x20AC;&#x2122;m not surprised by anything, but I expected us to come out and play better and win the game,â&#x20AC;? Kerr told reporters afterwards. â&#x20AC;&#x153;But itâ&#x20AC;&#x2122;s the NBA playoffs. Itâ&#x20AC;&#x2122;s a sevengame series and youâ&#x20AC;&#x2122;ve got to play, and defend with some urgency. We gave up 129 points on our home floor. We werenâ&#x20AC;&#x2122;t right from the very beginning. â&#x20AC;&#x153;Everything we did in LA, we didnâ&#x20AC;&#x2122;t do tonight. We seemed to take it for granted

Q Head coach Steve Kerr of the Golden State Warriors talks to his team before playing against the LA Clippers in Game Five of the first round of the 2019 NBA Western Conference Playoffs at ORACLE Arena on Thursday in Oakland, California. AFP PHOTO that we were going to be okay. But I said it could go on to eliminate the Warriors, who As well as Williams and Beverley, before the game â&#x20AC;&#x201D; this Clipper team has are chasing a fourth title in five seasons. three other players made double figures been scrapping and clawing all year. â&#x20AC;&#x153;Weâ&#x20AC;&#x2122;re not getting ahead of for the Clippers, notably Danilo Gallinari. â&#x20AC;&#x153;I knew they werenâ&#x20AC;&#x2122;t going to go down ourselves. Theyâ&#x20AC;&#x2122;re up 3-2 still,â&#x20AC;?

The Italian veteran finished with 26 without a fight. Patrick Beverley came in Rivers said. â&#x20AC;&#x153;But I just loved how we points and seven rebounds. and kicked our butts.â&#x20AC;? played. I thought tonight was more â&#x20AC;&#x153;To beat this team in a game, you need While Kerr and the Warriors reflected on like us, throughout. We kept attack- everybody,â&#x20AC;? Rivers said. â&#x20AC;&#x153;Everybody did a chastening loss, Clippers head coach Doc ing, we kept running. That was our their job. Each guy was a star in their role Rivers waved off suggestions that his team team out there today.â&#x20AC;? and thatâ&#x20AC;&#x2122;s why we won the game.â&#x20AC;? AFP

Magnolia aims to seal return to finals in Antipolo MAGNOLIA aims to return to THE 0HILIPPINE #UP kNALS WHEN it battles Rain or Shine at 7 p.m. tonight in Game 6 of their bestOF SEVEN SEMIkNALS SHOWDOWN IN Season 44 Philippine Basketball Association at the Ynares Sports Center in Antipolo City.

4HE (OTSHOTS AFTER A DISMAL START ARE NOW LEADING THE SERIES

AFTER AN IMPRESSIVE WIN IN 'AME ON 7EDNESDAY g7E WILL TRY ;"UT= THE GOAL IS TO WIN FOUR GAMES TO WIN THE SERIES 7E WILL TRY TO CLOSE IT OUT ON &RIDAY BECAUSE WE KNOW 2AIN OR Shine can also come back. They are a strong team. We must not RELAX AND WE HAVE TO kND WAYS

AGAIN TO WIN u SAID -AGNOLIA coach Chito Victolero.

Rain or Shine coach Caloy Garcia is optimistic of forcing a DO OR DIE 'AME g) REMAIN POSITIVE ) TOLD THEM THAT WE WON THE kRST TWO GAMES AND WE JUST HAVE TO LOOK WHAT have been going on in the last THREE GAMES -ATCH UP WISE WE ARE capable of beating that team. They JUST HIT THE BIG SHOTS u SAID 'ARCIA -EANWHILE 3AN -IGUEL "EER S !LEX #ABAGNOT WAS SLAPPED WITH A 0 kNE FOR UNSPORTSMANLIKE BEHAVIOR IN 3AN -IGUEL "EER S WIN OVER 0HOENIX IN 'AME 4HE REFEREE MISSED A CALL ON #ABAGNOT HITTING 2* *AZUL IN THE

Q Rafi Reavis of Magnolia (No. 4) blocks a shot by Gabe Norwood of Rain or Shine as Jewel Ponferada (No. 15) looks on during Game 5 of their best-of-seven semifinals series in Season 44 PBA Philippine Cup game on Wednesday at the Cuneta Astrodome in Pasay City. PBA MEDIA BUREAU PHOTO MIDSECTION DURING THE SECOND QUARTER THAT ALMOST RESULTED IN A melee . The technical committee

DECIDED TO FINE #ABAGNOT AFTER REVIEWING THE INCIDENT JOSEF T. RAMOS

AND (ARDEN ADDED A LAYUP SECONDS LATER TO LEAVE (OUSTON UP BY LATER IN THE QUARTER "UT / .EAL MADE A SOON AFTER THAT TO BEFORE -ITCHELL ADDED A THREE POINT PLAY TO GET 5TAH WITHIN WITH ABOUT MINUTES LEFT IN THE THIRD !USTIN 2IVERS ENDED 5TAH S RUN

WITH A POINTER TO EXTEND (OUSTON S LEAD TO 4HE *AZZ CUT THE LEAD TO WITH LESS THAN SECONDS LEFT IN THE THIRD AFTER SCORING FOUR STRAIGHT POINTS BUT .ENE MADE A BASKET at the buzzer to leave Houston UP ENTERING THE FOURTH AP

Tete out, Young in T

HE SCHEDULED !PRIL -ANILA TIME FIGHT OF 7ORLD "OXING !SSOCIATION 7"! @SUPER BANTAMWEIGHT CHAMPION .ONITO @4HE &ILIPINO &LASH $ONAIRE *R IN ,AFAYETTE

,OUISIANA WILL PUSH THROUGH ALBEIT against last-minute substitute StePHON @3HOWSTOPPER 9OUNG $ONAIRE

KNOCKOUTS WAS SUPPOSED TO SQUARE OFF WITH 7ORLD "OXING /RGANIZATION 7"/ COUNTERPART champion Zolani Tete of South Africa in THE SEMIkNAL ROUND OF THE 7ORLD "OXING 3UPER 3ERIES 7"33 BANTAMWEIGHT LBS TOURNAMENT 4ETE HOWEVER

INJURED HIS RIGHT SHOULDER EARLY THIS WEEK WHILE DOING THE PADS .OT WANTING TO FACE THE DANGEROUS $ONAIRE WITH A BUM SHOULDER 4ETE OPTED TO WITHDRAW FROM THE UNIkCATION kGHT $ONAIRE WILL END UP DEFENDING HIS 7"! BANTAMWEIGHT CROWN AGAINST 9OUNG WHO WAS CALLED IN BY 7"33 OFkCIALS AS A CONTINGENCY BOXER 9OUNG

DRAWS KNOCKOUTS IS SUPPOSED TO FIGHT THIS WEEKEND AND IS THUS REPORTING FOR DUTY IN TIP TOP CONDITION 4HE WINNER OF THE $ONAIRE 9OUNG TITLE kGHT WILL EARN A SPOT IN THE 7"33 &INALS OPPOSITE THE WINNER OF THE OTHER SEMIkNAL MATCHUP BETWEEN 7"! @REGULAR BANTAMWEIGHT CHAMP .AOYA @4HE -ONSTER )NOUE AND )"& KING %MMANUEL 2ODRIGUEZ A native of St. Louis, Missouri, Young IS CURRENTLY RANKED .O BY THE 7"! IN THE POUND DIVISION (E MADE HIS PRO DEBUT IN !UGUST A MONTH AFTER NARROWLY MISSING A SPOT ON THE 5NITED 3TATES BOXING TEAM FOR THE ,ONDON /LYMPICS 9OUNG WAS UNBEATEN IN HIS kRST PAID CONTESTS BUT WAS HELD TO A DRAW IN THREE OUTINGS 9OUNG ACTUALLY AMASSED A RECORD BY FEASTING ON PEDESTRIAN OPPONENTS )N !PRIL HE kGURED IN HIS kRST REAL TEST AND BARELY ESCAPED DEFEAT WITH A DRAW AGAINST FELLOW PROSPECT Nikolay Potapov. /N -ARCH

9OUNG SUFFERED HIS kRST PRO SETBACK WHEN HE DROPPED A LOPSIDED DECISION TO Filipino Reymart Gaballo in a battle FOR THE INTERIM 7"! BANTAMWEIGHT DIADEM 4HE HARD PUNCHING 'ABALLO KNOCKED DOWN 9OUNG IN THE THIRD ROUND WITH A HUGE RIGHT HAND AND THE !MERICAN SPENT THE REMAINDER OF THE kGHT ON SURVIVAL MODE 3TYLE WISE THE YEAR OLD 9OUNG kGHTS LIKE !DRIEN @4HE 0ROBLEM "ROner. 9OUNG IS A TRICKY lASHY SOUTHPAW boxer like Broner, but he also has the

BOXER SHORTS ED C. TOLENTINO SAME lAWS /N OFFENSE 9OUNG APPEARS hesitant to pull the trigger, particularly WHEN FACING A RELENTLESS PUNCHER 4HIS WAS EVIDENT IN THE 'ABALLO kGHT WHEN 9OUNG ELECTED TO JUST STAY ON HIS BICYCLE AFTER THE &ILIPINO MOPPED THE CANVAS WITH HIS FACE IN THE THIRD STANZA 9OUNG HAS WON JUST ONE kGHT SINCE losing to Gaballo, posting a lackluster DECISION AGAINST TRIALHORSE 7ILNER 3OTO LAST /CTOBER (E WAS SUPPOSED TO kGHT JOURNEYMAN $ANIEL ,OZANO IN THE UNDERCARD OF THE $ONAIRE 4ETE kGHT BUT THE kGHT HAS SINCE BEEN SCRAPPED WITH 9OUNG NOW POISED TO TAKE ON $ONAIRE $ONAIRE

HAD BEEN PEGGED AS THE UNDERDOG AGAINST 4ETE BUT TABLES HAVE BEEN TURNED AND HE IS NOW THE smart money bet to prevail against the INEXPERIENCED 9OUNG $ONAIRE MAY NO LONGER BE IN HIS prime, but his punches still pack a WALLOP (E IS ALSO BACK IN THE BANTAMWEIGHT DIVISION WHICH HE ONCE RULED WITH IMPUNITY ,AST .OVEMBER

$ONAIRE DISPLAYED lASHES OF BRILLIANCE WHEN HE STOPPED THE PREVIOUSLY UNBEATEN 2YAN "URNETT TO WIN THE @SUPER VERSION OF THE 7"! HARDWARE 4HE DEBILITATING BODY SHOTS $ONAIRE UTILIZED TO BRING DOWN "URNETT WILL COME IN HANDY ANEW 9OUNG MOVES A LOT IN THE RING AND $ONAIRE S BODY ASSAULTS kGURE TO SLOW DOWN THE !MERICAN 9OUNG S DEFENSE REMAINS SUSPECT AND $ONAIRE S CLUBBING RIGHT HAND WILL BE A PROMINENT WEAPON 'ABALLO PRESSURED 9OUNG LIKE A RELENTLESS DEBT COLLECTOR DURING THEIR MEETING AND ONLY 9OUNG S lEET FOOTED STYLE AND INNATE REFUSAL TO MIX IT UP PREVENTED THE &ILIPINO FROM POSTING A STOPPAGE WIN 4HE FACT THAT 9OUNG DOES NOT SEEM TO CARRY ANY POP IN HIS PUNCHES kGURES TO MOTIVATE $ONAIRE TO PUT THE PRESSURE ON AND TAKE SOME RISKS ON THE INSIDE $ONAIRE 4ETE WOULD HAVE BEEN A BETTER kGHT BUT BOXING FANS WILL HAVE to settle for Young. Young is looking to make the most of the opportunity, BUT HE HAS NEVER MET ANYONE WITH $ONAIRE S EXPERIENCE AND POWER !T A TIME WHEN $ONAIRE IS BARELY hanging on to keep his career alive, the kGHT WITH 9OUNG SHOULD GIVE HIM A LEASE ON LIFE BOXING WISE

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Sports

Ë&#x153; The Manila Times

FRIDAY April 26, 2019

w w w.manilatimes.net

Donaire to face another foe in lieu of injured Tete

Bulldogs maul CEU in D-League

Q Nonito 'The Filipino Flash' Donaire Jr. AFP FILE PHOTO

SMDC-NU crawled its way out OF A POINT DEkCIT TO PULL OFF A 74-67 stunner over Centro Escolar University on Thursday in the 2019 PBA D-League at the Ynares Sports Arena in Pasig.

Dave Ildefonso scored his teamâ&#x20AC;&#x2122;s last nine points, as well as 12 of his 21, in the payoff period TO CAPTURE THEIR kRST BACK TO BACK wins of the season.

Issa Gaye added 10 points and 15 rebounds, including the go-ahead undergoal stab at 4:24 remaining resulting in a 65-64 lead before Ildefonso wrapped the game up in what was an 11-3 finishing tear for SMDC-NU. Shaun Ildefonso chipped in 14 points and eight boards off the bench in the win.

The Bulldogs never lost hope DESPITE STARING AT A DEkCIT early in the third frame.

SMDC-NU stayed alive in the Foundation Cup playoff race at

WHILE DEALING #%5 ITS kRST loss and halting its six-game winning run.

4YRON #HAN kRED POINTS

seven rebounds, four steals, and two assists for the Scorpions in the game where Maodo Malick Diouf was limited to just two points. The Senegalese center was still able to collect 19 rebounds AND kVE BLOCKS IN THE LOSS

BY JOSEF T. RAMOS

W

ORLD Boxing Association (WBA) bantamweight champion Nonito â&#x20AC;&#x153;The Filipino Flashâ&#x20AC;? Donaire Jr. will face a new opponent on Sunday (Philippine time) after World Boxing Organization bantamweight titleholder Zolani Tete of South Africa injured his right shoulder.

The World Boxing Super Series (WBSS) announced via its website that Saint Louis, Missouri native Stephon Young will be Donaireâ&#x20AC;&#x2122;s NEW OPPONENT IN THE SEMIkNALS of the WBSS at the Canjundome in Lafayette, Louisiana.

Donaireâ&#x20AC;&#x2122;s WBA super world title and World Boxing Council diamond bantamweight title will BE AT STAKE IN THE kGHT T h e 3 6 - ye a r - o l d D o n a i r e holds a win-loss record of 39-5 with 25 knockouts, while Young holds an 18-1-3 win-loss-draw record with seven knockouts.

The 30-year old Young is the WBA No. 5 contender and an official WBSS reserve. â&#x20AC;&#x153;It is very, very unfortunate for Tete particularly after such a strong belief in going all the way and win the Ali trophy,â&#x20AC;? said Kalle Sauerland, chief boxing of-

kCER OF THE 7"33 g&ORTUNATELY

we are prepared for such eventualities and the tournament will move forward with our reserve fighter Stephon Young, ranked No. 5 in the world, facing Nonito Donaire in the semifinals in Lafayette this weekend.â&#x20AC;?

Tete injured his right shoulder on Monday while hitting the pads resulting in tendonitis.

Donaire is coming from a fourth round technical knockout victory over Irish Ryan Burnett for the WBA bantamweight belt in the quarterfinal of the WBSS on

THE SCORES November 3 in Glasgow, Scotland.

Meanwhile, Young scored a unanimous decision win over Wilner Soto of Colombia on October

20 in Orlando, Florida.

Young lost to undefeated Filipino fighter Raymart Gaballo (21-0 with 18 knockouts)

via unanimous decision on March 23, 2018 in Hollywood, California for the interim WBA bantamweight title.

NCAA to adjust Season 95 calendar for SEAG THE National Collegiate Athletic Association (NCAA) will adjust its calendar for Season 95 to give way to the Philippinesâ&#x20AC;&#x2122; hosting of the 30th Southeast Asian Games (SEAG) late this year. â&#x20AC;&#x153;The NCAA will give way to the SEA Games. We will be adjusting the events that will be in

conflict with it,â&#x20AC;? said Francisco Cayco, chairman and chief executive officer of season host Arellano University during the turnover ceremony held at The Bayleaf Hotel in Intramuros, Manila on Wednesday. â&#x20AC;&#x153;Weâ&#x20AC;&#x2122;re talking about the events that will be covered

in November to December,â&#x20AC;? he added.

Cayco said that second semester sporting events especially volleyball will be affected and may begin in January next year.

Succeeding University of Perpetual Help System DALTA, Arellano GOT ITS kRST .#!! HOSTING STINT

since joining the countryâ&#x20AC;&#x2122;s oldest collegiate league a decade ago, and six years after gaining regular member status. â&#x20AC;&#x153;It is with great honor that I accept the hosting responsibilities of the NCAA for its 95th season in behalf of Arellano University,â&#x20AC;? said Cayco.

â&#x20AC;&#x153;We indeed have big shoes to kLL BUT YOU CAN EXPECT NOTHING LESS of excellence from us,â&#x20AC;? he added.

The theme this season is â&#x20AC;&#x153;Inclusivity for Allâ&#x20AC;?.

The NCAA Season 95 will open on July 6 at the Araneta Coliseum, IN THE kRST GAME DAY OF SENIORS BASketball. JEREMIAH M. SEVILLA

SMDC-NU 74 -- D. Ildefonso 21, S. Ildefonso 14, Gaye 10, Minerva 9, Galinato 6, Clemente 4, Oczon 3, Rangel 3, Gallego 2, Yu 2, Diputado 0, Sistoza 0, Mangayao 0, Malonzo 0, Tibayan 0.

CEU 67 -- Chan 16, Formento 14, Fuentes 13, Uri 11, Diaz 7, Lisbo 4, Diouf 2, Ke. Caballero 0, Rojas 0, Abastillas 0.

Quarters: 9-23, 22-39, 53-55, 74-67.

GAMES MONDAY (JCSGO Gym, Cubao) 1 p.m. - McDavid vs IronconUST 3 p.m. - Cheâ&#x20AC;&#x2122;Lu Bar and Grill vs Cignal-Ateneo

PH RIDERS TRY AGAIN IN ROAD RACE HAVING recovered from racing in adverse conditions, Filipino riders Marc Ryan Lago and Daniel Ven CariĂąo on Thursday tried to look prime to ride their bikes anew in what could be another day of extreme cold and rain in the 2019 Asian Cycling Championships (ACC) in Gazalkent, Uzbekistan.

But young as they are â&#x20AC;&#x201D; Lago is 18 and CariĂąo 21 â&#x20AC;&#x201D; they sounded apologetic for missing the podium in the individual time trial (ITT) of the road championships that lured entries from 31 countries, one of the biggest in the ACC, on Wednesday. â&#x20AC;&#x153;I gave everything I got, yet it wasnâ&#x20AC;&#x2122;t ENOUGH u SAID ,AGO WHO kNISHED kFTH among 13 entries in the Men Junior UNDER )44 HIS kRST INTERNATIONAL STINT CariĂąo, who has raced overseas at least thrice in his young career as member of 7-Eleven Roadbike Philippines and now Go For Gold continental teams, wound

up 15th in the 18-cyclist race for athletes aged 22 or younger. g,IKE -ARC ) TRIED TO kGHT THE COLD BUT IT WAS TOO DIFkCULT TO BEAR u #ARIĂ&#x201E;O SAID Lago raced at 1 p.m. (3 p.m. in Manila) AND THE TEMPERATURE AT THE lAT VENUE Â&#x2021; IN the middle of a long expressway unprotected by trees or mountains â&#x20AC;&#x201D; was 11 degrees Centigrade.

When it was CariĂąoâ&#x20AC;&#x2122;s turn to ride two hours later, the temperature dropped to 9 degrees.

Making it worse for the Filipinos was the rain that fell incessantly, making it DIFkCULT FOR THE TEAM SENT HERE BY THE PhilCycling and bankrolled by Go For Gold, to contend with opponents who were born and raised in countries with similar Uzbek climate.

Think about wind chill and imagine its effect on the two cyclists. â&#x20AC;&#x153;There are more to improve on

and work on the team,â&#x20AC;? said Ednalyn Hualda, one of the national cycling team head coaches. â&#x20AC;&#x153;The conditions were simply unbearable.â&#x20AC;?

To ease the riders from the cold and rain, they had to be doused in baby oil and petroleum jelly and had plastic bags inserted between their jerseys and bodies.

Thermal suits were not allowed under cycling regulations.

Yet on Friday, Lago and CariĂąo will again put their young bodies to a tough test in the massed start races that are expected to be contested under the same chilly and wet conditions.

Lago, Efren Reyes Jr. (18) and Ean Cajucom (17) will campaign in the 105.6-km Men Junior road race at 11 a.m. (2 p.m. in Manila), while CariĂąo, Ismael Gorospe Jr., Joshua Mari Bonifacio and Jerico Lucero will vie in the 105.6-km Men Junior competition at 3 p.m.

HK pairs to spice up Dumaguete Open THE BVR On Tour: Dumaguete Open, which reels off today at the Rizal Boulevard sand court in Dumaguete City, will be spiced up with the participation of three pairs from Hong Kong.

The womenâ&#x20AC;&#x2122;s duo of Yuen Ting Chi and Lok Shun, and the menâ&#x20AC;&#x2122;s teams of Chueng Chek Hong and Li Chun Kit, and Wong Ka Yun and Tse Kin Wang have arrived in this Negros Oriental capital on Thursday together with the 21 local pairs that will compete in the third leg of the year.

The Hong Kong players are expected to improve the level of competition, as proven in the same Dumaguete leg late last year, where University of Negros Occidental-Recoletos alums Alexa Polidario and Erjane Magdato emerged victorious over Samaa Miyagawa of Japan and Tin Lai of Hong Kong.

Returning to the site of their successful championship run, Polidario and Magdato are ready to do an encore against a tough field led by Yuen and Lok, Perlasâ&#x20AC;&#x2122; Bea Tan and Dij

Rodriguez, NU-Boysenâ&#x20AC;&#x2122;s Roma Joy Doromal and Roma May Doromal, Air Force 1â&#x20AC;&#x2122;s May Ann Pantino and Jozza Cabalsa, Smash Bacolodâ&#x20AC;&#x2122;s Bianca Lizares and Jennnifer Cosas and the University of Santo Tomas duos of Babylove Barbon and Gen Eslapor, and MJ Ebro and Derie Virtusio.

Tan and Rodriguez are hoping to make it three in a row after their undefeated runs in the Puerto Galera and Santa Fe, Bantayan Island legs last month.

Exciting action is expected in the menâ&#x20AC;&#x2122;s division, also as the two Hong Kong pairs are raring to give a tough challenge against Air Forceâ&#x20AC;&#x2122;s Jessie Lopez and Ranran Abdilla, University of St. La Salleâ&#x20AC;&#x2122;s Herold Parcia and Deanne Neil Depedro, and NU-Boysenâ&#x20AC;&#x2122;s James Buytrago and Pol Salvador.

Lopez and Abdilla are also eyeing for their third straight crown.

After the Dumaguete leg, the BVR on Tour will visit Lingayen, Pangasinan to cap a back-to-back

swing on April 31 to May 1, which will also serve as build-up to the FIVB Beach Volleyball World Tour 1-Star to be held in Boracay on May 23 to 26.

Dumaguete Mayor Felipe Antonio Remollo, who will attend the opening ceremonies, is upbeat that the hosting of the BVR leg will solidify the cityâ&#x20AC;&#x2122;s status as the sports tourism capital in the central Philippines.

Completing the womenâ&#x20AC;&#x2122;s cast are USLS-Bacolodâ&#x20AC;&#x2122;s Nohlin Jundana and Ceejay Recayo, Air Force 2â&#x20AC;&#x2122;s Mikaela Andres and Angel Antipuesto, Sipalay Cityâ&#x20AC;&#x2122;s Jesalen Moises and Gelamie Villanueva, and Rizal Technological Universityâ&#x20AC;&#x2122;s Reyann CaĂąete and Sayrel Bermeo.

Also vying for the menâ&#x20AC;&#x2122;s championship are Visayasâ&#x20AC;&#x2122; Jade Becaldo and Mike Abria, Colegio de San Agustin-Bacolodâ&#x20AC;&#x2122;s Marvin Haresco and Mike Anton Beronio, , USTâ&#x20AC;&#x2122;s Efraem Dimaculangan and Rancel Varga, Gandang Labanâ&#x20AC;&#x2122;s Rawsa Inaudito and Nichol Jundana, Perpetual Helpâ&#x20AC;&#x2122;s Jayjay Solamillo and John Patrick Ramos.

Ë&#x153;Ë&#x153; The Manila Times

FRIDAY April 26, 2019

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Sports

C3

Masters champion Woods to return to Japan for PGA Tour event T OKYO: Newly crowned Masters champion Tiger Woods announced Thursday he will return to Japan FOR THE kRST TIME IN MORE THAN A DECADE to play in a new US PGA Tour event in October.

Q Tiger Woods AFP PHOTO

â&#x20AC;&#x153;Iâ&#x20AC;&#x2122;m excited to play in the inaugural ZOZO Championship in October, and return to Japan, one of my favorite countries. Itâ&#x20AC;&#x2122;s going to be a fun fall,â&#x20AC;? tweeted the 43-year-old American.

Woods stunned the sporting world earlier this month by completing an epic comeback from spinal fusion surgery to win his 15th major at Augusta National AND HIS kRST SINCE THE 53 Open.

A 2009 sex scandal followed by knee and back injuries that required seven operations had led to an 11-year major drought.

But his fairytale fifth green JACKET HAS PUT 7OODS kRMLY BACK

in pursuit of the all-time record of 18 major wins by Jack Nicklaus.

The ZOZO Championship will be held from October 24-27 at the Accordia Golf Narashino Country Club near Tokyo as the second of THREE BIG PRIZE MONEY !SIAN EVENTS on the early part of the 2019-2020 US PGA Tour calendar.

It will offer a purse of $9.75 million -- a record for Japan -- and replaces Malaysiaâ&#x20AC;&#x2122;s CIMB Classic.

The other two events on the Tourâ&#x20AC;&#x2122;s Asian swing are the CJ Cup in South Korea, which was launched in 2017, and the WGC-HSBC Champions in Shanghai, China.

Woods has tasted success in Japan before, winning back-to-back trophies at the Dunlop Phoenix in 2004 and 2005. He missing out on a hat-trick of Japan titles in a 2006 playoff loss to Irelandâ&#x20AC;&#x2122;s Padraig Harrington.

Golf is one of Japanâ&#x20AC;&#x2122;s most

Last-hole birdie keeps Mondilla in joint lead CLYDE Mondilla holed out with a birdie then watched Kim Joo Hyung fumble with a missed green bogey for a big two-shot swing that put the Filipino ace back in joint lead with the young Korean in the third round of the P5 million The Country Club Invitational in Sta. Rosa, Laguna on Thursday.

Kim, 16, bucked an opening hole mishap with a cluster of birdies to stun Mondilla and three-time champion Angelo Que with a 33 start but Mondilla rallied from three down with a strong finish at TCCâ&#x20AC;&#x2122;s tricky finishing HOLES SPARKING HIS kGHTBACK WITH a birdie on No. 14 before drilling IN A FOOTER ON THE DIFkCULT .O 18 to salvage a 70.

Kim rebounded from a bogey on No. 11 with a birdie on the 16th to keep his spot on top but the Korean upstart, who became the youngest winner on the Philippine Golf Tour at Pueblo De Oro last year, failed to ride the pressure on the last hole, hitting it short on his approach shot. â&#x20AC;&#x153;Thatâ&#x20AC;&#x2122;s a good bogey,â&#x20AC;? said Kim, whose 70 kept him tied with

Mondilla at even 216, virtually setting up a two-man duel for the top P1.5 million purse in this kickoff leg of the PGTâ&#x20AC;&#x2122;s milestone 10th season put up by ICTSI chairman 2ICKY 2AZON IN TO HONOR THE memory of his father and ICTSI founder. â&#x20AC;&#x153;I played good, my irons, short game and putting were okay,â&#x20AC;? said Mondilla, seeking to make it two-in-row here at the Tom Weiskoph-designed layout after BESTING A CRACK INTERNATIONAL kELD in the Solaire Philippine Open three weeks ago.

The Del Monte ace hit three birdies inside 15 feet against a

lone bogey, missing eagle chances o n the two par-5s. He hit a solid 3-iron second shot from 195 yards on No. 8 but misread a 10-footer then hacked a 3-wood second shot from 280 yards to within 15 feet on No. 14.

Ke a n u J a h n s turned in a rare backside 32 to save a 71 as he moved to solo third though

four strokes behind the joint leaders at 220 for a spot in the CHAMPIONSHIP lIGHT TIPPED TO GO down to the last shot or putt.

Que, seeking a record fourth crown, turned in an impressive 35 but after three straight pars at the back, the powerhitting shotmaker wavered, bogeying three of the last six, including the last for a 74 and a 222, now six shots behind.

Q Clyde Mondilla hits a superb wedge shot on No. 15. CONTRIBUTED PHOTO

Aussie Tim Stewart also charged back with a closing 34 to salvage a FOR SOLO kFTH AT WHILE *UVIC Pagunsan, the only other three-time winner of this event long regarded as a major championship for its PRIZED MONEY AND SELECT CAST CONtinued to struggle, hobbling with a birdie-less 76 for joint sixth with kRST ROUND LEADER *ERSON "ALASABAS

who limped with a 78, at 226.

Dutch Guido Van der Valk bogeyed two of the last four for a 75 and a 227 while Korean-American Micah Shin, who became the kRST NON &ILIPINO WINNER OF THIS event when he nipped absentee and 2017 champion Miguel Tabuena on the 72nd hole last year, matched par 72 but lay 12 shots behind at 228 with Justin Quiban, who also battled back with a 35 for a 75.

Kim said he struggled off the mound and vowed to stay in control of his game in the last 18 holes but refused to predict the winning score. g4HE COURSE IS DIFkCULT AND THE hot weather adds up to the challenge. So I have to stay focused,â&#x20AC;? said Kim.

Hsieh sets up rematch Bacoorâ&#x20AC;&#x2122;s Banal bags MVP plum with Osaka in Stuttgart BERLIN: World No. 1 Naomi Osaka will have a chance for revenge on Taiwanâ&#x20AC;&#x2122;s Hsieh Su-wei when the two meet in the second round of the WTA tournament in Stuttgart on Thursday (Friday in Manila).

Hsieh came from behind to beat Chinaâ&#x20AC;&#x2122;s Wang Qiang in three sets 4-6, 6-3, 6-4 on Wednesday to set up a second round clash with Osaka, whom she beat in Miami last month.

Osaka had beaten Hsieh on the way to her Australian Open triumph in January.

Each of Osakaâ&#x20AC;&#x2122;s three previous meetings with world number 24 Hsieh has gone to three sets. â&#x20AC;&#x153;I think we love each other too much,â&#x20AC;? Hsieh jokingly told WTA Insider on Wednesday. â&#x20AC;&#x153;We just want to see more of each other on court!â&#x20AC;?

Switzerlandâ&#x20AC;&#x2122;s Belinda Bencic, who beat Osaka at Indian Wells last month, is also in the second round after overcoming Mandy Minella in straight sets.

There were also straight sets wins on for Belarusâ&#x20AC;&#x2122;s Victoria Azarenka over

Russiaâ&#x20AC;&#x2122;s Vera Zvonareva and for Croatian Donna Vekic against Italian Giulia Gatto-Monticone.

Former world number one Azarenka admitted jetlag had been a major problem having flown in from Australia where she had played in a Fed Cup tie in Brisbane at the weekend. â&#x20AC;&#x153;I have no idea right now of the time or whatâ&#x20AC;&#x2122;s happening,â&#x20AC;? she said. â&#x20AC;&#x153;The flight from Australia was so long I felt like it was never going to end.â&#x20AC;?

There was disappointment for the home crowd when Germanyâ&#x20AC;&#x2122;s Julia Goerges was forced to retire hurt at 4-0 down in the third set against Russiaâ&#x20AC;&#x2122;s Anastasia Pavlyuchenkova complaining of a problem with her hand.

Pavlyuchenkova will face eighth seed Anett Kontaveit, after the Estonian eased past Franceâ&#x20AC;&#x2122;s Caroline Garcia in straight sets.

Third seed Petra Kvitova, meanwhile, is already in the last eight after she was made to work hard in the second set to complete a 6-1, 6-4 win over Belgian qualifier Greet Minnen. AFP

BACOORâ&#x20AC;&#x2122;S Striker Gab Banal was declared Most Valuable Player in the recently concluded Maharlika Pilipinas Basketball League (MPBL) Datu Cup at the Filoil Flying V Centre.

Banal registered an average of 18.2 points, 8.9 rebounds, and 6.4 assists per game, all while leading upstart Bacoor to a 13-12 RECORD AND A SEMIkNALS kNISH IN MPBL South.

Joining Banal and Mark Yee in the All-MPBL First Team are

Manilaâ&#x20AC;&#x2122;s Chris Bitoon and Aris Dionisio as well as Muntinlupaâ&#x20AC;&#x2122;s Allan Mangahas.

Team owner Rep.Strike Revilla congratulated Banal for his feat as he urged the team to perform better next season.

Making up the All-MPBL Second Team are Harold Arboleda of Zamboanga, Michael Mabulac of Laguna, Leo Najorda of Davao Occidental, Jai Reyes of Navotas, and John Wilson of San Juan.

Dionisio was named Defensive

Player of the Year while Bulacan Kuyas' Jay-R Taganas bagged the Sportsmanship Award.

The MPBL is patterned after the National Basketball Association of the United States, which is divided into Northern and Southern Divisions.

The almost year-long conference opened in June 12, 2018, which coincided with the Philippine Independence Day at the Smart Araneta Coliseum, 1UEZON #ITY

Q Bacoor, Cavite Rep. Strike Revilla (right) accepts the MPBL Datu Cup 2018-2019 Most Valuable Player (Regular Season) and All-MPBL First Team trophy in behalf of Gab Banal from MPBL Commissioner Kenneth Duremdes (center). Also in the photo is Joel Banal, Gabâ&#x20AC;&#x2122;s father. CONTRIBUTED PHOTO

popular sports and the PGA are hoping to boost their presence ahead of the 2020 Tokyo Olympics, which will feature the sport at the Kasumigaseki course, where US President Donald Trump played on a trip to the country.

The sponsor, billionaire Yusaku -AEZAWA WHO RUNS *APAN S LARGEST online fashion store ZOZOTOWN, is no stranger to publicity.

He holds the record for the most retweets of all time â&#x20AC;&#x201D; 4.3 million â&#x20AC;&#x201D; after he promised one million yen ($9,250) in cash each to 100 randomly selected followers.

-AEZAWA HAS ALSO PAID AN undisclosed sum for a ticket on fellow tycoon Elon Muskâ&#x20AC;&#x2122;s SpaceX rocket around the moon as early as 2023 and the passionate art collector also plans to take AROUND HALF A DOZEN ARTISTS WITH him on the trip.

His firmâ&#x20AC;&#x2122;s stock spiked more than three percent after he returned to Twitter to retweet Woodsâ&#x20AC;&#x2122;s announcement.

AFP

Corpus, Ramos stay on collision course CARL Corpus dispatched Kristoffer Arevalo with an early burst of birdies while Sean Ramos bucked a shaky start to subdue Paolo Barro as they MOVED TO THE SEMIkNALS OF THE 0HILippine Amateur Open Match Play Championships at the Luisita Golf and Country Club in Tarlac yesterday.

The top seeded Corpus, who needed three extra holes to turn back +OREAN (A 4AE 7ON IN THE kRST ROUND of the knockout phase Wednesday, BIRDIED THE kRST THREE HOLES TO SEIZE control, went 4-up with a par on No. 4 then held sway the rest of the way to fashion out a 4&2 romp over the ninth ranked Arevalo.

Ramos, on the other hand, boGEYED THE kRST HOLE AND YIELDED THE third on a Barro birdie. But the second seeded bet fought back with a birdie on the fourth, forced an all-square game with a par on No. 5 then surged ahead by taking the next two holes. He clinched a 3&2 victory with a birdie on the 16th.

No. 13 Kim Tae Soo built a threehole cushion against the 12th-ranked Paolo Wong after 11 holes then fended off his rivalâ&#x20AC;&#x2122;s late charge with pars in the last two for 1-up victory in their side of the quarters duel in the event sponsored by the MVP Sports Foundation and held under the PLDT Group National Amateur Tour.

Wong took holes No. 13 and 15 to pull within one but failed to rattle Kim, who matched his pars on Nos. 17 and 18, and seal a semis duel with Corpus.

No. 3 Leandro Bagtas, meanwhile, toughened up on the 19th hole to escape past Jacob Rolida for a clash WITH 2AMOS IN THE EVENT ORGANIZED and conducted by the National Golf Association of the Philippines and BACKED BY #IGNAL AND -ETRO 0ACIkC 4HE FOUR ARE DISPUTING THE kNALS seats at presstime with the championship also set over 36 holes today (Friday).

Laurea Duque, on the other hand, kept her win run going, blasting Korean Kim Ga Yeon, 4&3, to move within a draw from claiming the girlsâ&#x20AC;&#x2122; crown under a novel round-robin format.

Duque, who earlier thumped Kristine Fleetwood, 8&6, and Bang Hee Yeon, 4&3, then edged Laia Barro, 2&1, now has four points but will have her hands full against second running Rianne Malixi, who also ripped Fleetwood, 6&4, to hike her total to three points.

Barro also came away with a 4&3 romp over Bang to improve to 2.5 points while Kim and Bang stayed in the bottom with 1.5 points and one point, respectively.

C4

FRIDAY APRIL 26, 2019

Football

Ë&#x153; The Manila Times

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Man City raises the bar as Man Utd suffers more misery

M

ANCHESTER, United Kingdom: Manchester City manager Pep Guardiola believes his side have raised the bar in the Premier League after edging one point back ahead of Liverpool in a titanic title race with a 2-0 win at Manchester United on Wednesday (Thursday in Manila).

Bernardo Silva and Leroy Sane struck for the visitors in 12 secondhalf minutes at Old Trafford to inflict a seventh defeat in nine games on United, who remain three points adrift of the top four.

City cannot match their record 100 points tally in romping to the title last season, but victories over Burnley, Leicester and Brighton will

clinch the title on 98 points and ensure Liverpoolâ&#x20AC;&#x2122;s 29-year wait to win the league continues despite already posting a club record points tally in the Premier League era. â&#x20AC;&#x153;We increased the level for the Premier League last season with 100 points. Thatâ&#x20AC;&#x2122;s the level Liverpool are chasing. What they have done is incredible but itâ&#x20AC;&#x2122;s in our

hands,â&#x20AC;? said Guardiola. â&#x20AC;&#x153;Both teams deserve the title. But it can be just one. The team that is going to lose canâ&#x20AC;&#x2122;t have regrets because they have given everything.â&#x20AC;?

Cityâ&#x20AC;&#x2122;s trip to Old Trafford was billed as the last big hurdle left for Guardiolaâ&#x20AC;&#x2122;s men to clear despite Unitedâ&#x20AC;&#x2122;s terrible run of form.

However, Guardiola warned of the tight turnaround before a very different type of test at Burnley on Sunday. â&#x20AC;&#x153;Normally with this kind of victory you can it enjoy it the most but we have to be calm,â&#x20AC;? added Guardiola.

Q Manchester Unitedâ&#x20AC;&#x2122;s Italian defender Matteo Darmian (left) vies with Manchester Cityâ&#x20AC;&#x2122;s English midfielder Raheem Sterling during the English Premier League football match between Manchester United and Manchester City at Old Trafford in Manchester, north west England, on Thursday.

AFP PHOTO

â&#x20AC;&#x153;Now we go to Burnley and we know how tough it will be. Itâ&#x20AC;&#x2122;s important to be calm.

We are still not champions with three games left â&#x20AC;&#x201D; itâ&#x20AC;&#x2122;s incredible with the points we have and Liverpool have. â&#x20AC;&#x153;I told the players donâ&#x20AC;&#x2122;t read tomorrow, donâ&#x20AC;&#x2122;t watch the television, just rest and sleep a lot.â&#x20AC;?

City the standard bearers United boss Ole Gunnar Solskjaer slammed his playersâ&#x20AC;&#x2122; attitude after a 4-0 thrashing at Everton on Sunday and was rewarded with a far more energetic and committed performance, even if Cityâ&#x20AC;&#x2122;s greater quality eventually shone through. â&#x20AC;&#x153;Theyâ&#x20AC;&#x2122;ve set the standard in the last couple of seasons.

They have been the best team in the country and thatâ&#x20AC;&#x2122;s the standard we want to get to,â&#x20AC;? admitted Solskjaer.

Yet, Arsenalâ&#x20AC;&#x2122;s defeat at Wolves means the Red Devils are still very much in the race for Champions League qualikCATION SHOULD THEY BEAT FOURTH placed Chelsea at home on Sunday. â&#x20AC;&#x153;Iâ&#x20AC;&#x2122;m concerned about the lack of results,â&#x20AC;? added Solskjaer. â&#x20AC;&#x153;The strange reality is that we are still in with a shout for the top four. We need more quality on Sunday because we need to win that game and, if we win it, we have two games to get those points and goals we need.â&#x20AC;?

Solskjaer has bemoaned UnitED S kTNESS LEVELS IN RECENT WEEKS and again after an early burst, THEY STARTED TO lAG AS #ITY CREated a spurt of chances either side of half-time. â&#x20AC;&#x153;We know whatâ&#x20AC;&#x2122;s been going wrong, itâ&#x20AC;&#x2122;s mentality and willingness to run for your team,â&#x20AC;? said United striker Marcus Rashford. â&#x20AC;&#x153;Forget the top four and the Champions League. We have to get to the bottom of it and start playing like Manchester United for ourselves.â&#x20AC;?

Raheem Sterling shot too close to David De Gea after weaving through a host of United bodies inside the area before Sergio Aguero dragged well wide when

unmarked at the edge of the box as City went through the gears TOWARDS THE END OF THE kRST HALF But it was an enforced change early in the second-half that swung the game Cityâ&#x20AC;&#x2122;s way as Guardiola boldly introduced Sane when the more defensiveminded Fernandinho went down injured.

De Gea has been a rare model of consistent brilliance as United have fallen behind City in recent seasons.

But the Spaniardâ&#x20AC;&#x2122;s dramatic dip in form of late continued as he could have done better for both goals.

Guardiolaâ&#x20AC;&#x2122;s positive change was instantly rewarded when Bernardo cut inside onto his favoured left foot and beat De Gea at his near post.

Sane has been scarcely used by Guardiola of late, but the German, WHOSE WINNING GOAL INlICTED ,IVerpoolâ&#x20AC;&#x2122;s only league defeat of the season in January, again showed his capability to make a difference in the biggest games.

Sterling led a City counter-attack before feeding Sane, whose powerful shot De Gea could not keep out. â&#x20AC;&#x153;I like to be critical of him because I know his potential,â&#x20AC;? said Guardiola of Sane. â&#x20AC;&#x153;The way he came in was incredible.â&#x20AC;?

AFP

Kashima stunned, Lopes fires Jeonbuk toward last 16 SEOUL: Reigning Asian champions Kashima Antlers slumped to a shock 1-0 home defeat by Gyeongnam FC Wednesday on a great night for South Korean sides against Japanese opposition the AFC Champions League.

Kashima looked a shadow of the side that became Asian champions last year as they relinquished control in Group E to Shandong Luneng, who won 1-0 at Johor Darul Tazim via Graziano Pelleâ&#x20AC;&#x2122;s first-half goal to go top on eight points.

Fellow Koreans Jeonbuk Motors stand on the verge of the last 16 after a man-of-the-match performance from Ricardo Lopes gave them a 2-1 win against Urawa Red Diamonds in Group G. Lopes opened the scoring in the 12th minute, capitalising on a defensive error to lash an unstoppable right-foot rocket into the bottom corner.

The Brazilian then turned provider just after half-time, crossing from the left for giant striker Kim Shin-wook to head home at the near post.

A missed clearance by captain Hong Jeong-ho allowed Shinzo Koroki to pull one back against the run of play in the 58th minute, but Jeonbuk survived a nervy finale to take all three points in the top-of-thetable clash.

Jeonbuk now need just one win from their last two matches to guarantee a place in the knockout phase.

Urawaâ&#x20AC;&#x2122;s defeat enabled Beijing Guoan to move into second, two points behind Jeonbuk, as Brazilian international Renato Augusto scored a penalty and made the second goal in a deserved 2-0 win over Thailandâ&#x20AC;&#x2122;s Buriram United.

In wet and cold conditions in Beijing, the Chinese Super League leaders dominated but Buriram held out until the 55th minute when Thai international Sasalak Haiprakhon handled in the box and Augusto stepped up to ram home.

Deadly Pelle Beijing, who have started the league season with six straight wins, sealed all three points when the 31-year-old Augusto picked out Ba Dun to head in from close range.

Two weeks ago, the 2018 AFC Champions League winners Kashima had needed two stoppage-time goals to claim a 3-2 victory over Gyeongnam after having been 2-0 down and reduced to 10 men.

But there was no repeat of those heroics as Gyeongnam gave themselves a qualification lifeline when Takahiro Kunimoto latched onto Jordon Mutchâ&#x20AC;&#x2122;s deep cross in the 63rd minute.

Gyeongnam remain third in Group E with two games to play, two points behind Kashima, who have seven, and three adrift of Shandong, their next opponents.

Shandongâ&#x20AC;&#x2122;s Pelle, this seasonâ&#x20AC;&#x2122;s leading AFC Champions League scorer, continued his deadly form in front of goal as he bagged his sixth in four matches to give the Chinese side a hard-fought victory against the Malaysian champions.

The former Southampton and Italy poacher bundled home from inside the six-yard box in the 22nd minute after Song Longâ&#x20AC;&#x2122;s cross had created confusion in the Johor defense.

AFP Q Gyeongnamâ&#x20AC;&#x2122;s defender Lee Kwang-Seon (left) fights for the ball with Kashimaâ&#x20AC;&#x2122;s midfielder Kento Misao (right) during the AFC Champions League Group E football match between Kashima Antlers and Gyeongnam FC of South Korea at the Kashima Stadium in Kashima, Ibaraki prefecture on Wednesday.

AFP PHOTO

FRIDAY APRIL 26, 2019

Lifestyle

D1

w w w.manilatimes.net

More ' luck' in Binondo with new Megaworld hotel

BY CHRISTINA ALPAD

E

STABLISHED in 1594, Binondo in Manila is dubbed the oldest Chinatown in the world. The district best showcases Chinese culture through busy enterprises, authentic dishes and grand holiday celebrations.

A destination on its own, it is no wonder accommodations have been popping up in this area to serve various kinds of visitors.

The latest one to open its doors is Hotel Lucky Chinatown, property giant Megaworld Corporationâ&#x20AC;&#x2122;s eighth hotel development â&#x20AC;&#x201D; following the successful openings of seven hotels under the property developerâ&#x20AC;&#x2122;s multiple brands. These are Richmonde, Belmont, Savoy and Twin Lakes. â&#x20AC;&#x153;Binondo holds a special place in my heart. Here, I saw people work hard to be successful in their busi-

nesses. It inspired me all those years ago and continues to inspire me today,â&#x20AC;? Megaworld Chairman and President Andrew Tan noted during the grand launch of the hotel.

Contemporary meets vintage Aesthetically, the hotel takes pride in its contemporary design that creates balancing contrast to the old and charming vibe of Binondo. â&#x20AC;&#x153;Our idea is to blend modernity with Binondoâ&#x20AC;&#x2122;s heritage. While Hotel Lucky Chinatown features

Q Cafe de Chinatown and Zabana Bar comprise the hotel's F & B options.

a modern contemporary design, the moment our guests get out of the hotel, they will feel the culture that is truly Chinatown. We want to provide that distinction so the experience becomes richer,â&#x20AC;? explained Jeremy Russell Go, the hotelâ&#x20AC;&#x2122;s resident manager.

The P750-million homegrown hotel brand also offers functionality and comfort in its 93 rooms and suites ranging from Standard Queen, Standard Twin, Junior Suite and Executive Suite.

Gastronomic adventurers surely GET SATISkED IN THE HOTEL S OWN ALL day dining restaurant, the CafĂŠ de Chinatown. It is managed and operated by the Raintree Group of Companies, same company that owns and operates Terraz and Chelsea Kitchen, among others.

For those who want wellness treats, there is the Zabana Bar, Spa, Sauna, Jacuzzi, and Fitness Center.

The hotel caters to different functions as well, with a spacious, highceiling Grand Ballroom that can accommodate up to 350 guests in banquet setting, and can be divided into three smaller ballrooms. It also has a boardroom and three meeting rooms for smaller groups.

Finally, Hotel Lucky Chinatown offers convenience what with its direct connection to Lucky Chinatown Mall via footbridge. â&#x20AC;&#x153;We take great pride in continuing to bring more excitement here in the â&#x20AC;&#x2DC;worldâ&#x20AC;&#x2122;s oldest Chinatownâ&#x20AC;&#x2122; with the opening of Hotel Lucky

Q The P750-million Hotel Lucky is the newest luxury accommodation at the heart of the worldâ&#x20AC;&#x2122;s oldest Chinatown.

Chinatown. With the hotel directly connected to Manila Chinatownâ&#x20AC;&#x2122;s biggest mall, guests can savor the distinct, dynamic vibe of the Chinatown culture as they enjoy the sights and sounds of this bustling HUB u 'O kNALLY NOTED

Club Access privileges Members of Club Access â&#x20AC;&#x201D; membership privilege program for Megaworld Hotels â&#x20AC;&#x201D; already may enjoy the perks, privileges, and discounts in this new property.

Located along Reina Regente, Hotel Lucky Chinatown is just a few minutes away from Manilaâ&#x20AC;&#x2122;s historic and cultural sites such as

Q Hotel Lucky Chinatown resident manager Jeremy Go, Megaworld Corporation chief operating officer Lourdes Gutierrez-Alfonso, Department of Tourism Secretary Bernadette Romulo-Puyat, Megaworld Corporation chief strategy officer Kevin Tan and Global One Hotel Inc. managing director Raymundo Melendres break open a giant fortune cookie at the hotel's grand launch.

Q The homegrown hotel brand boasts contemporary interiors in contrast to Binondoâ&#x20AC;&#x2122;s old, charming vibe.

Intramuros, Manila City Hall and the National Museum.

It is also just around 40 minutes away from the Ninoy Aquino International Airport, Resorts World

Manila, and the Makati Central Business District; and just 30 minutes away from the bustling Entertainment City and Manila Bay area in ParaĂąaque and Pasay.

Q The property has 93 well appointed rooms and suites.

Champion streetdance contingents gather anew for Aliwan Fiesta 2019 A COLLECTION of grand visual spectacles now known as the Aliwan Fiesta once again gathers champion streetdance contingents from the different regions to celebrate the countryâ&#x20AC;&#x2122;s biggest and most popular festivals in a single venue.

Mounted by the Manila Broadcasting Company (MBC), Star City, and the Cultural Center of the Philippines (CCP), in cooperation with the cities of Manila and Pasay, the annual attraction kicked off yesterday at the CCP Complex and will run until Saturday, April 27.

Q Panagbenga Festival of Baguio City is represented

by Baguio City National High School students.

Traditional fiestas, which are held annually to commemorate the foundation of a town or province, or honoring its patron saint, are brought together to highlight the Filipinoâ&#x20AC;&#x2122;s indomitable and ebullient spirit, along with his mien for creativity and innovation. The event harnesses the power of Philippine festivals to showcase how religion, culture, and tradition are woven into the fiber of the nation.

Along with a bevy of beauties, and master craftsmen who painstakingly construct floats using the most arresting mechanical and technical ideas, Aliwan Fiesta has invited local government units to bring to the fore local pride through their artistic talents, resources, and produce â&#x20AC;&#x201C; all depicting traditional folklore. Fabulous prizes are at stake in this much-awaited event, which features the best of these fiesta islands.

Competing in this yearâ&#x20AC;&#x2122;s festival

dance category are the Bodong Festival of Pinukpok, Kalinga (represented by Saint Teresitaâ&#x20AC;&#x2122;s High School); Panagbenga Festival of Baguio City, Benguet (represented by Baguio City National High School); the Pangisdaan Festival of Navotas (represented

by Hayuma Cultural Dance Troupe); Halamanan Festival of Guiguinto, Bulacan.

Dinamulag Mango Festival of Zambales (represented by the town of Masinloc); Niyogyugan Festival of Quezon Province (represented by the town of Pagbilao); Tayo Na Sa Antipolo Maytime Festival (represented by San Jose National High School); Sambalilo Festival of Cavinti, Laguna; Manggahan Festival of Guimaras (represented by Hubon Guimarasnon).

Buraburon Festival of Burauen, Leyte

(represented by Tribu Buraburon); Pintados Kasadyaan Festival of the Province of Leyte (represented by the Pasaka Festival of Tanauan); Meguyaya Festival of Upi, Maguindanao (represented by Sabaken National High School); Tarakuku festival of Mother Kabuntalan, Maguindanao (represented by Kabuntalan National High School); and the Kapatagan Festival of Kapatagan, Lanao del Sur. Participating floats include Ykalinga; Panagbenga; the Palakaya of Navotas; Para Aqui from ParaĂąaque; Bangka de Muntinlupa; Dayang Dayang of Pasay City; Singkaban of Bulacan; Halamanan of Guiguinto; Pamilya from Catanauan, Quezon; Masaya ang Pamilya sa Masayang Laguna from San Pablo City, the Tagultol

Âťwhat'sonwhere

Q The Municipality of Pagbilao brings the Niyogyugan Festival of Quezon Province to Manila.

Fishing Festival of Atimonan, Quezon.

IPI 60th Year-Sinulog, Cebu; Tacloban Through the Years; Panuluganen from Cotabato City; Siniratan a Laminan from Sultan Kudarat; Meguyaya Festival of Upi, Maguindanao; Kapasiti a Lemba from Mother Kabuntalan, Maguindanao; Kuyog a Kangâ&#x20AC;&#x2122;lal from Sultan Mastura, Maguindanao; Sarimanok from Kapatagan, Lanao del Sur; and Palabunibunyan from ARMM. Twenty-four lovely young ladies representing the different festivals all over the country take to the outdoor stage in front of the Aliw Theater tonight for the Reyna ng Aliwan Pageant. Festivities will culminate with the grand parade and streetdance showdown, which kicks off at Quirino Grandstand at 4 p.m. tomorrow, traversing Roxas Boulevard en route to the CCP Complex, and capped by the awarding ceremonies at 9 p.m.

Q The Dinamulag Mango Festival of Zambales.

D2

Funtimes

FRIDAY April 26, 2019

˜ The Manila Times w w w.manilatimes.net

Solution to puzzle

» CROSSWORD

BY EUGENE SHEFFER

»HOROSCOPE Today’s Birthday (04/26/19). Silver flows into shared coffers this year. Discipline with studies and travels pays off. Find new passion. Participate in a powerful conversation this summer, influencing a shift in your educational plans. Winter explorations provide valuable insight, contributing to new creative pursuits.

Share what you’re learning.

To get the advantage, check the day’s rating: 10 is the easiest day, 0 the most challenging.

ARIES (MARCH 21-APRIL 19) -- Today is a 7 -- Share what you’re learning with your team. Talk gets farther than action today.

Find out what is needed, and coordinate resources and supplies.

Surprising news travels fast.

TAURUS (APRIL 20-MAY 20) -- Today is a 7 -- Discuss professional opportunities and possibilities. Get counsel from a trusted friend or relation. You can see what wasn’t working. Polish your presentation and portfolio.

GEMINI (MAY 21-JUNE 20) -- Today is an 8 -- Consider your moves before making them. Your exploration presents an unexpected twist. Don’t rely on an unstable source or react blindly.

Investigate possibilities.

CANCER (JUNE 21-JULY 22) -- Today is an 8 -- Collaborate for a lucrative prize. Changes necessitate budget revisions. Sort and file.

Pay the bills. Confirm intuition with facts. Catch a mistake before it costs you.

LEO (JULY 23-AUG. 22) -- Today is a 7 -- Avoid losing your patience with your partner. Disagreement requires compromise. You may be learning more than you wanted to know. Keep your sense of humor.

VIRGO (AUG. 23-SEPT. 22) -- Today is an 8 -- Slow down to finish faster. Hurrying can provoke mistakes and accidents. Ob-

» SUDOKU

BY NANCY BLACK stacles are easier to sidestep at a lower velocity. Do thorough and complete work.

LIBRA (SEPT. 23-OCT. 22) -- Today is a 7 -- An awkward moment could develop between you and someone attractive. Fact and fantasy clash. Proceed with caution, or you’ll break something. Use your charm and humor.

SCORPIO (OCT. 23-NOV. 21) -- Today is an 8 -- Discover a barrier with a household project. Not all requests can be accommodated. Let go of the little stuff. Find solutions in conversation.

SAGITTARIUS (NOV. 22-DEC. 21) -- Today is a 7 -- Sparks could fly if you get too hot. Cool down with a walk outside. Listen to all considerations. You can talk your way out of trouble.

CAPRICORN (DEC. 22-JAN. 19) -- Today is an 8 -- Get terms in writing. Things may not go as planned. Avoid financial arguments.

Keep producing profitable results. Slow to navigate obstacles. Keep a low profile.

AQUARIUS (JAN. 20-FEB. 18) -- Today is a 7 -- Don’t gamble with a personal project. Expenses could rise unexpectedly. Strike out in a new direction. A barrier could cause delays. Resolve a challenge.

PISCES (FEB. 19-MARCH 20) -- Today is a 5 -- You’re confronting a difficult puzzle. Restful privacy soothes and nurtures.

Meditate on a challenge. Find solutions in a dream. Productive ideas spark in the shower.

(Astrologer Nancy Black continues her mother Linda Black’s legacy horoscopes column. She welcomes comments and questions on Twitter, @lindablack. For more astrological interpretations visit Linda Black Horoscopes and www.nancyblack.com) NANCY BLACK. Distributed by Tribune Content Agency, LLC

BY ROGER SEVILLA

Complete the grid so that every row, column and 3x3 square contains the digits 1 to 9 with no repeats.

Solution from yesterday’s puzzle.

PAGE FROM THE PAST

Today, we look back at an old front page of The Manila Times, the oldest national daily that was founded on October 11, 1898. (Note: This image was adjusted to fit the page.)

FFRIDAY R I DAY APRIL 26, 2019

Entertainment

D4 QThe former teen star is not just 'all grown up' now, but all beefed up too.

www.manilatimes.net

Derrick Monasterio officially named â&#x20AC;&#x2DC;Kapuso Millennial Hunkâ&#x20AC;&#x2122; I

T seems only yesterday when Derrick Monasterio was a tall, thin, 15-year-old teener who set foot in show business and emerged a star from the highly successful youth-oriented series â&#x20AC;&#x153;Tween Hearts.â&#x20AC;?

Seven years later, itâ&#x20AC;&#x2122;s without a doubt that heâ&#x20AC;&#x2122;s come a long way in his career.

Good looking as ever, he turns heads all the more nowadays, however, what with a well built physique that has OFkCIALLY EARNED HIM THE title â&#x20AC;&#x153;Kapuso Millennial Hunkâ&#x20AC;? at GMA Network.

His transformation, ACCORDING TO $ERRICK

didnâ&#x20AC;&#x2122;t happen overnight and took A LOT OF HARD WORK AND DISCIPLINE 4O BACKTRACK IT WAS ON HIS kFTH year in showbiz that he thought of reinventing himself. g)T S THE LOVE FOR MY CAREER THAT TOOK ME ON THIS PHYSICAL JOURNEY THAT REALLY TESTED MY PATIENCE AND ENDURANCE u $ERRICK DECLARED â&#x20AC;&#x153;When I turned 19, I knew that I would have to show something NEW ) COULDN T BE A TWEEN STAR forever so I had to reinvent myself. â&#x20AC;&#x153;And whatâ&#x20AC;&#x2122;s the best thing to do BUT TO SHOW THE PUBLIC THAT ) WAS READY FOR ANOTHER LEVEL IN MY CAREER u 0LANNING HIS EVERY MOVE $ERRICK WASTED NO TIME IN CONSULTING

SHOWBUZZ LHAR SANTIAGO A GYM COACH AND DIETICIAN BOTH of whom still work with him now.

â&#x20AC;&#x153;Hindi siya madaling gawin,â&#x20AC;?

$ERRICK RELATED OF WHAT HE HAD to go through. â&#x20AC;&#x153;Lalo na sa food BECAUSE IT S NOT EASY TO STOP CONsuming what youâ&#x20AC;&#x2122;ve been so used TO EAT SINCE CHILDHOOD g-Y DIET CHANGED DRASTICALLY Â&#x2021; NO RICE NO BREAD NO PASTA AND pizza. Siyempre kanin at ulam talaga ako three times a day tapos

biglang tinanggal yun. Ang lungkot ng buhay, I thought then,â&#x20AC;? he

added laughing.

"UT THE YOUNG ACTOR WAS SO DETERMINED TO PROVE HE COULD ACHIEVE A DRAMATIC METAMORPHOsis and surged on.

â&#x20AC;&#x153;I wanted to surprise everyone so I wouldnâ&#x20AC;&#x2122;t even post anything about my workout routine. I made SURE ) WAS CLOTHED IN ALL THE PICTOrials I needed to do [while still on my program] even if I was open about going to the gym regularly. â&#x20AC;&#x153;When I hit my target body form that was the only time I deCIDED TO SHOW MY TRANSFORMATION And so far, wala namang negative REACTIONS u HE LAUGHED AGAIN 4HERE@S BEEN NO TURNING BACK FOR $ERRICK SINCE THEN WITH A STRICT EXERCISE SCHEDULE AND HEALTHY DIET staples in his new lifestyle.

He has also started posting his WORKOUTS AND FROM THE FEEDBACK said, â&#x20AC;&#x153;Parang nakalimutan na ng mga tao â&#x20AC;&#x2DC;yung $ERRICK na tween STAR ) FEEL IT THEIR COMMENTS THAT they seem to like the new me. And thatâ&#x20AC;&#x2122;s been my inspiration to keep ON TAKING CARE OF MY BODY u Naturally, offers to do more mature roles have been pouring IN FOR $ERRICK !T HIS HOME STUDIO too, heâ&#x20AC;&#x2122;s been elevated to the rank OF MAJOR '-! LEADING MEN (IS NEW LOOK COUPLED WITH HIS SIX FOOT HEIGHT Â&#x2021; AND OF COURSE HIS ACTINH CHOPS Â&#x2021; HAVE EFFECtively made him the total leading MAN PACKAGE After his sizzling movie with SanYA ,OPEZ $ERRICK IS NOW BUSY WITH â&#x20AC;&#x153;Kiko En Lalaâ&#x20AC;? with Super Tekla and +IM $OMINGO WHERE Â&#x2021; YES Â&#x2021; HE

TAKES HIS SHIRT OFF IN MANY SCENES /NCE DONE WITH THE COMEDY lICK HE MOVES ON TO THE SET OF A BEACH MOVIE TITLED g'Ă&#x153;,5uÂ&#x2021; THE MILLENNIAL ACRONYM FOR g'OĂ&#x153; ,A 5NION u #AST WITH THE LIKES OF 2URU -ADRID $AVID ,ICAUCO AND Enzo Pineda, need we say more how sexy the movie will be? â&#x20AC;&#x153;Siyempre we have to look our best. â&#x20AC;&#x2DC;Yung mga kasama ko,

batak na batak kaya hindi pwedeng maiwan. Thatâ&#x20AC;&#x2122;s why I have to keep working out talaga, epe-

CIALLY SINCE OUR LEADING LADIES ARE ALL BEAUTY QUEENSĂ&#x153;u Whatâ&#x20AC;&#x2122;s good about the new $ERRICK IS THAT HE STILL HAS THE SAME attitude he started with in showbiz as a lanky teenager. He knows that his abs and form will amount to NOTHING WITH LOUSY PERFORMANCE â&#x20AC;&#x153;Kaya itâ&#x20AC;&#x2122;s not only the workouts ) M BUSY WITH BUT ALSO ACTING WORKSHOPS ) ACTUALLY FINISHED A COURSE UNDER !LEX "OVA AND I didnâ&#x20AC;&#x2122;t miss a single session BECAUSE ) WANT TO VE PREPARED SA MGA EKSENA SA 'Ă&#x153;,5 u HE EXPLAINS Eventually, he also wants to auDITION FOR A ROLE IN MUSICAL THEATE TO FURTHER EXPAND HIS ACTING SKILLS And with the kind of determination and passion that he has for HIS CAREER $ERRICK MIGHT JUST BE DESTINED FOR GREATER THINGS TO COME NNN &AST RISING ACTOR FROM g%AT "U-

LAGA Su "AES *OEL 0ALENCIA IS GOING PLACES THESE DAYS LITERALLY AND kGURATIVELY (E S HAD TWO CONSECUTIVE trips abroad for both work and PLEASURE kRST TO *APAN AND THEN to New York.

(E JUST ARRIVED FROM THE 53 ON Tuesday and told Showbuzz, â&#x20AC;&#x153;Our stay in New York was not really long so we saw to it that we visited the famous landmarks like the Statue of Liberty, Brooklyn Bridge, Times Square and other must-sees. g3INCE ) WAS WITH MY CO %" "AE 4OMMY WE DECIDED TO DO A DANCE VIDEO IN DIFFERENT PLACES IN .EW 9ORK AND UPLOADED IT ON OUR SOCIAL MEDIA ACCOUNTS )T S OUR GIFT TO OUR fans whoâ&#x20AC;&#x2DC;ve been supporting us SINCE THE START OF OUR CAREERS u In showbiz, Joel is fast making HIS PRESENT FELT IN A NUMBER OF PROJECTS INCLUDING g4/$! /NE ) ,OVEu BEFORE HE LEFT WHICH WAS WHERE A MALL CHAIN TOOK NOTICE OF HIM AND OFFERED HIM SOLO SHOWS (E PACKED AUDIENCES IN THOSE ONES TOO â&#x20AC;&#x153;When I was told that Iâ&#x20AC;&#x2DC;d be doing a solo mall show, I was really nervous. What if walang manood? Kaya ko na bang magdala ng sariling show? When I kNALLY DID IT ) COULDN T BELIEVE I was able to gather that kind of

AUDIENCE kaya lalo kong pinagbuti ang PERFORMANCES KO u Besides TV and mall shows, Joel is also into movies now, shooting A kLM CALLED g#IRCA u (IS CO STARS ARE ! CALIBER THESPIANS LIKE ,AURICE 'UILLEN 'INA !LAJAR *ACKLYN *OSE

Elizabeth Oropesa and the great Anita Linda to boot. â&#x20AC;&#x153;I wasnâ&#x20AC;&#x2122;t going to pass this opportunity for anything,â&#x20AC;? he said. â&#x20AC;&#x153;Being IN A SCENE WITH THESE GREAT ACTRESSES IS SUCH AN HONOR FOR ME AND NOT EVERYONE IS GIVEN SUCH A CHANCE u NNN 3(/243 4HE CAST AND CREW OF â&#x20AC;&#x153;Love You Twoâ&#x20AC;? headed by Gabby #ONCEPCION AND *ENNYLYN -ERCADO are very happy with the positive FEEDBACK FROM THEIR WEEK OLD ROM COM SERIES 2ATINGS ARE HIGH AND *EN and Gabby are so natural in their CHARACTERS #ONGRATULATIONSĂ&#x153; 3NOOKY 3ERNA COULDN T ASK FOR MORE IN HER gCAREER u 3HE IS BUSY TAPING FOR 3AHAYA WHERE SHE CONtinues to be praised for her endurING ACTING SKILLS 3NOOKY IS HAPPILY BALANCING HER SCHEDULE BETWEEN Sahaya and the two other movie SETS NAMELY g"LACK ,IPSTICKu WITH +YLINE !LCANTARA AND g)N 4HE Name Of The Motherâ&#x20AC;? under the DIRECTION OF *OEL ,AMANGAN