WEATHER UPDATE
INSIDE TODAY
SOUTHWEST monsoon affecting Northern and Central Luzon. Meanwhile, the Tropical Storm (Int’l name: Talim) was estimated 800 km West of Extreme Northern Luzon (19.0°N, 113.4°E) with maximum sustained winds of 75 kph near the center and gustiness of up to 110 kph. It is forecast to move northeast slowly. The rest of the country will be partly cloudy to cloudy with isolated rainshowers or thunderstorms. Moderate to strong winds blowing from the Southwest will prevail over Luzon and Western Visayas and coming from the Southeast to Southwest over the rest of the country. The coastal waters throughout the archipelago will be moderate to rough.
Solon files bill fortifying sugarcane industry
SOURCE : PAGASA
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Only the Aggie dept righteous must holds basic be named CJ training on
meat handling
Villanueva town marks 50th anniv NONOY LECHON SERVICES OFFERED OUT OF TOWN ORDER
www.mindanaodailybalita.com VOL. 2, No. 28
Cagayan de Oro City
Wednesday
June 20, 2012
P10.00
For more details, contact Tel. No.: 309-5276 HERMILINO VILLALON Manager
Cashier in trouble for failure to account P2.6m By PAT SAMONTE, Regional Editor-Caraga
BUTUAN City––A cashier of a cooperative here has been discovered short of P2.6 million of coop funds. In a press conference, the board of directors of the Agusan del Norte Teachers, Retirees, Employees and Community Cooperative (Antrecco) revealed that the cashier has resorted to “black propaganda aimed at maligning our august institution” allegedly as cover for the infraction. Antrecco chief executive
officer Francis Loque said an investigating committee had found cashier Brian Mar with P2.6 million in unliquidated Antrecco funds. Loque said the investigating committee had recommended Mar’s dismissal from the coop and the filing of qualified theft, estafa and libel charges against him. He said the cooperative
will proceed with the legal process upon the board of directors’ approval of the investigating committee’s recommendation. According to Loque, the shortage was discovered in September, 2011for which the cooperative has since tried but failed to get Mar’s liquidation report with supporting documents. Instead, allegations of “mismanagement and personal interest” and other innuendos were hurled against the Antrecco management. “These are all innuendos
constructed just to discredit an institution which has been a force to reckon with in this business realm,” the cooperative said in its official newsletter Antrecco Updates. Antrecco was organized in 1993 with 29 incorporators and starting capital of P14,500. It has grown with a present membership of more than 10,000 across Caraga Region with assets exceeding P160 million. When asked if the alleged loss of P2.6 million hurt Antrecco’s finances,
Antrecco BOD chairperson Clara Almendralejo replied “The amount of shortages did not substantially affect the coop’s financial financial condition.” Antrecco’s main office is on J.P. Rosales Avenue here and has six satellite offices at Langihan district here on Ochoa Avenue corner J. Satorre Street, at Cuison Building, in Barangay Libertad, in Agusan del Norte along the national highway in Cabadbaran City, at Poblacion, Carmen town, in Agusan del Sur on Narra
Road, Poblacion, Bayugan City, and Surigao del Norte at the Ground Floor, Tecson Building, Rizal Street corner Borja Street, Surigao City. For members, Antrecco provides protection in the form of benefits from accidental death in the amount of P50,000, non-accidental death, P50,000, burial benefits, P30,000, and residential fire insurance, P20,000 with an annual premium of P500 only. Antrecco is a member of the Philippine Federation of CASHIER/PAGE 11
Solons file Mining firm failed new sin tax to secure ECC anew reform bill By BEN D. ARCHE, Correspondent
THREE lawmakers have filed a new proposal to shift to a unitary excise tax system for alcohol and tobacco products to provide them with a fair tax treatment, discourage smoking and earmark additional revenues for health-related programs of the government. The proposal embodied in House Bill 6188, which is principally authored by Rep. Eulogio “Amang” Magsaysay (Party-list, AVE) and coauthored by Reps. Romeo Jalojos, Jr. (2nd District, Zamboanga Sibugay) and Seth Frederick Jalosjos SOLONS/PAGE 11
DIGOS City––Environmental Compliance Certificate (ECC) has been very elusive for the Xstrata-Sagittarius Mines, Inc. (SMI) after the Department of Environment and Natural Resources (DENR) denied its application for the second time around. In a decision on May 22, the DENR turned down again the appeal made by the mining company on the earlier denial of their plea for ECC to proceed with their operation in the provinces of South Cotabato and Davao del Sur. The DENR cited the existing open-pit mining ban strictly implemented by the provincial government of South Cotabato, which until now, Malacañang has not yet resolve in accordance with the national law involving mining operations in the country. “SMI challenges the constitutionality of the open pit ban. The issue of constitutionality was outside of the department’s purview,” DENR Assistant Secretary for Legal Affairs Anselmo Abungan stated in the decision. MINING/PAGE 11
PHOTO BY GERRY LEE GORIT Former Misamis Oriental Governor Antonio Calingin (left), the point man of Cagayan Province Rep. Jack Enrile in Northern Mindanao, hands over the P100,000 donation of the lawmaker to the Cagayan de Oro Press Club, Inc. (COPC). Receiving the donation is press club President Msgr. Elmer Abacahin.
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