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www.mindanaodailybalita.com VOL. 1, No. 298
Cagayan de Oro City
Wednesday
Radio reporter gunned down By AL JACINTO, Regional Editor-Zamboanga
DAVAO City––Gunmen shot dead a radio reporter in a daring attack Tuesday in the southern Philippines, his colleagues said. Nestor Libaton, 45, who works for the Catholic
dxHM radio in Mati City in Davao Oriental province, was shot at around 2.25 p.m. by motorcycle gunmen. Libaton was riding on a motorcycle driven by a volunteer reporter Eldon Cruz
when he was attacked. Cruz was unhurt in the shooting. “We don’t know why they shot him. He has no known enemies,” one of the victim’s colleagues, Nella Duallo, told the Mindanao Examiner. REPORTER/PAGE 2
May 9, 2012
P10.00
WEATHER UPDATE TROUGH of a Low Pressure Area (LPA) affecting Mindanao. Mindanao will experience mostly cloudy skies with scattered rainshowers and thunderstorms. The rest of the country will have partly cloudy to cloudy skies with isolated rainshowers or thunderstorms mostly in the afternoon or evening. Light to moderate winds blowing from the southeast to south will prevail over Northern and Central Luzon, east to southeast over the rest of Luzon and Visayas and coming from the east to northeast over Mindanao. The coastal waters throughout the archipelago will be slight to moderate. SOURCE : PAGASA
City council members suddenly disappeared By CRIS DIAZ Associate Editor
THE CITY Council yesterday adjourned its regular session at exactly 11:30 in the morning for lack of quorum when opposition councilors asked the house to divide on a resolution that otherwise declare the “dredging” of Cagayan de Oro River to interested parties at no cost. City Councilor Prexy Elipe who sponsored the unnumbered resolution said that it would be better for the city government to allow anybody interested to “dredge” freely the Cagayan de Oro City River. He said it would be very expensive for the city government to spend for the dredging of Cagayan de Oro River. “Maayo pa i pa dredge na lang nato ang Cagayan de Oro River na kung kinsay gusto labon nay daghan gusto unta diha. Kinsa may gusto mag dredge sa Cagayan de Oro River anhi dayon karon. (It would have been SUDDENLY/PAGE 7
An opposition councilor described the sudden disappearance as ‘vanishing acts.’
‘VANISHING ACTS.’ Empty chairs are at the city council during the regular session yesterday leaved ev-
eryone guessing. Acting presiding officer Monching Tabor is calling somebody and could be asking; ‘Where have all the city councilors gone? Photo by Cris Diaz
4 killed, 2 hurt in grenade explosion By PAT SAMONTE, Regional Editor-Caraga with JOEL PORTUGAL, Correspondent
BUTUAN City––Four teenagers were killed including a 12-year old girl while two others were seriously in-
jured when a hand grenade exploded at Hinipaan Falls, Sitio Hinipaan, Barangay Poblacion, Lingig, Surigao
For more details, contact Tel. No.: 309-5276 HERMILINO VILLALON Manager
del Sur shortly after mid noon on Sunday. Authorities identified the fatalities as Joselito Corteza Nonong, 19, Michael Ambus, 17, Nelbert Banag, 15, and Aiko Mae Buenaflor
Nonong, 12. Injured were two boys aged 13 and 11 years old, respectively. Police said the victims found the grenade at Hinipaan Falls and played GRENADE/PAGE 2
House set to probe bank over ‘coop loans’ THE House Committee on Government Enterprises and Privatization will conduct an inquiry on the report released by the Commission on Audit (COA) in 2010, that the Land Bank of the Philippines (LBP) was said to have lost almost half a billion pesos in loans to cooperatives and countryside financial institutions. “The state bank wrote off P471.19 million in loans and that these accounts were classified as uncollectible because of the financial difficulties of the borrowers or the borrowers could not be located,” said Rep. Rufus Rodriguez (2nd District, Cagayan de Oro City). Rodriguez filed House Resolution 2129 together with his brother Rep. Maximo Rodriguez Jr. (Party-list, Abante Mindanao) urging the House committee to look into the matter and determine why Land Bank lost almost half-a-billion pesos. Rodriguez said state auditors traced the huge increase in uncollectibles to a lax lending policy adopted by the bank in 2009, which no longer required comprehensive surety agreements and other collateral requirements for some borrowers. The amount was an 882-percent increase over the P47.982 million in write-offs in 2009. “Of the written-off accounts in 2010, 88.08% HOUSE/PAGE 2
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