MST Oct2412 Issue

CYAN MAGENTA YELLOW BLACK

PNoy hits leftists,
says poll win dim
WEATHER
Ofel may make landfall
TROPICAL depression Ofel
continued to move westward to
threaten Northern Mindanao
and Eastern Visayas, the weath-
er bureau said on Tuesday.
Weather forecaster Elvie
Enriquez said Ofel was last
seen Tuesday afternoon 300
kilometers east of Tandag, Su-
rigao del Sur, with maximum
sustained winds of 55 kilome-
ters per hour near the center
while moving west at 15 kilo-
meters per hour.
Leaders meeting. President Benigno Aquino III listens as New Zea-
land Prime Minister John Key elds a question at a press conference
in Wellington during his ofcial visit. Inset photo shows the President
touching noses with a Maori warrior, a traditional Maori greeting, at
an ofcial welcome for him. MALACAANG AND AP
The President made the statement in
response to accusations that his govern-
ment wasnt doing anything to stop hu-
man rights violations in the country.
Mr. Aquino did not name the senatorial
candidate, but said the low name recall
of the militant bet was proof that the left-
ists did not have the support of the major-
ity of the electorate.
We have a very vocal leftist com-
munity but if the surveys are any indi-
cation, they have a senatorial candidate
and this person currently has 2.6 percent
of the population voting for him which
is very, very little because theres only
the 12 candidates out of about 27 who
will have seats in the Senate, the Presi-
dent said in an interview in Auckland,
New Zealand.
So they are very good at propaganda
but I think the record speaks for itself, he
added.
Leftists and militant groups have start-
ed joining the elections after the partylist
system was introduced in the May 1998
elections three years after it was signed
into a law.
Some of these groups which were
elected as members of the House under
the partylist system include the Alliance of
Concerned Teachers, Anakbayan, Bagong
Alyansang Makabayan or BAYAN, Bayan
Muna, KMP, Gabriela, Kabataan, Kilu-
sang Magbubukid ng Pilipinas, Pamala-
kaya and the Kalipunan ng Damayang
Mahihirap or Kadamay.
Mr. Aquino also defended his admin-
istrations human rights record, citing
his administrations efforts to hunt down
those who have committed human rights
abuses, including retired Major General
Jovito Palparan.
He said that even government agents
were at the receiving end of attacks, citing
cases of violence during demolitions.
Well, we wont claim that there are no
human rights issues within our country.
But I think in the past two weeks, for in-
stance, weve had a lot of abuses done on
state agents. When they were enforcing,
for instance, eviction notice on land issues,
they were pelted with human waste and a
lot of danger has happened to our people.
Perhaps I keep saying that human right
is for everybody. Not because youre
a government employee that your rights
are any less than any other citizens, the
President said.
Debate tackles
need for China
to play by rules
Beijing website
raps Washington
over sea dispute
Senators slam Comelec
for boycotting hearing
JBC grills SC justice bets Stroke ends
not sex life
NZ wont take sides in territorial row
Survey says Obama
won over Romney
Standard
Manila
TODAY
Vol. XXVI No. 214 20 Pages, 3 Sections
P18.00 Wednesday, October 24, 2012
www.manilastandardtoday.com mst@mstandardtoday.com
By Joyce Pangco Paares
WELLINGTOPresident Be-
nigno Aquino III and New Zea-
land Prime Minister John Key on
Tuesday agreed to strengthen eco-
nomic and defense ties between
their countries, but the leader of the
South Pacic nation said it would
not take sides in the territorial dis-
pute between Manila and Beijing.
Peace and stability in the
South China Sea is critical be-
cause Asia is the fastest growing
partner of the world... Anything
that disrupts its growth will have
implications for the New Zealand
economy. So we think peace and
stability are extremely impor-
tant, Key said in a joint press
conference with Mr. Aquino in
Wellington after their meeting.
New Zealand doesnt... take
sides on territorial disputes but
we do encourage dialogue and
discourse and a way of peacefully
nding a solution to these issues,
Key added.
Mr. Aquino, for his part, said
the defense cooperation with
New Zealand should not be seen
as offensive to anybody.
It is just that: it increases our
capabilities to defend ourselves
against not necessarily superpower
threats but even terrorist threats,
he said. New Zealand has given
us quite a bit of training. Even the
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By Macon R. Araneta
NEUROLOGISTS on Tues-
day said stroke survivors could
still have sex provided they
continued taking their mainte-
nance drugs for hypertension or
stroke.
Anette Bautista, president
of the Philippine Neurologi-
cal Association, told report-
ers it was logical for stroke
survivors to fear another at-
tack when having sex, but
stressed that was unlikely
By Michael Shepard, Bloomberg
PRESIDENT Barack Obama won last nights debate on foreign
policy with Republican challenger Mitt Romney, according to a
CNN/ORC International poll of 448 registered voters who watched
the nationally televised event.
Forty-eight percent of those surveyed said Obama fared better in
Next page
By Joyce Pangco-Paares
PRESIDENT Benigno Aquino III on Tuesday slammed
leftists groups as being good only in propaganda,
even as he belittled the chances of a militant senatorial
bet of winning in next years mid-term polls.
By Rey E. Requejo
CHIEF Justice Maria Lourdes
Sereno on Tuesday led the Judi-
cial and Bar Council in vetting
the qualications and opinions of
the aspirants for the lone vacancy
at the Supreme Court, and par-
ticularly on the controversial Cy-
bercrime Prevention Act and the
framework agreement between
the government and the MILF.
At the start of the public
interviews, Sereno, chairman
of the eight-member council,
sought the opinions of four of
the 15 candidates--Court of Ap-
peals Associate Justices Ramon
Bato Jr. and Rosmari Caran-
dang, Sandiganbayan Associate
Justice Maria Cristina Cornejo,
and former University of Per-
petual Help System law dean
Jose-Santos Bisquera--on those
two controversial issues.
The cybercrime law or Re-
public Act 10175 awaiting deci-
sion at the Supreme Court after
it was questioned by 15 groups
and it issued a temporary re-
straining order stopping its im-
plementation.
Bato, one of the justices who
cleared Senator Panlo Lacson
in the case involving the double
SENATOR Aquilino Pimentel III
on Tuesday slammed Commis-
sion on Elections Chairman Sixto
Brillantes Jr. and other poll com-
missioners for staying away from
a Senate hearing on the accredi-
tation of party-list groups for the
2013 elections.
Why did you not send your
commissioners here? Pimentel
said, aiming his remarks at Bril-
lantes. This is not a probe on your
party-list decision. This is a hearing
on the pending bills. Why did the
commissioners boycott us?
Instead of attending the hear-
ing, Brillantes sent members of
the poll bodys law department,
who were hard-pressed to explain
why the Comelec disqualied
party-list groups that already had
representatives in Congress.
The hearing of the commit-
tee on electoral reforms chaired
by Pimentel tackled the party-list
law, political dynasties and the
Electoral Reforms Law of 1987.
Pimentel said he had hoped
the commissioners would attend
to explain to the committee the
legal basis of what they are do-
ing with regard to the accredita-
tion of party-list groups.
The senator turned down a
suggestion from Senator Panlo
Lacson, however, to subpoeana
Brillantes, saying the agency was
a co-equal body.
WASHINGTONPresident Barack Obama and ri-
val Mitt Romney sparred over China during a debate
on foreign policy Monday night, but as usual the fo-
cus was less the Asian giants rise as a world power
than its the impact on the American economy.
Both candidatessaid they want America to have
a positive relationship with China, but Beijing must
play by international trade rules.
China played a relatively minor part in the de-
batethe last topic raised by moderator Bob Schi-
effer of CBS News in the 90-minute encounter
that were dominated by the security situation in the
Middle East.
Romney repeated his threat to designate China a
currency manipulator on his rst day in ofce for al-
legedly undervaluing the yuan to help its exporters,
which he said would allow the U.S. to apply puni-
tive tariffs. He also accused Chinese of stealing U.S.
intellectual property and computer hacking.
I want a great relationship with China, Rom-
ney said. China can be our partner. But that does
not mean they can just roll all over us and take our
jobs on an unfair basis.
Obama described China as both an adversary and
a potential international partner. He defended his re-
cord in addressing Chinas trade violations, saying
his administration had brought more cases than his
predecessor, George W. Bush, did in two terms.
The US is running a record trade decit with
By Sara Susanne D. Fabunan
A STATE-OWNED China news website accused
the United Sates of adding more fuel to the re in
the territorial dispute in the South China Sea or
West Philippine Sea by siding with Vietnam, the
Philippines and Japan.
The China Daily, considered as the mouthpiece
of the Communist Party of China, said on Tuesday
that Washington is exacerbating tensions rather
than easing them.
Needless to say, it is the US that has fueled
the current intensication of territorial disputes in
East Asia. As well as taking sides with Japan, the
Philippines, Vietnam and others, said the report,
which was written by a research fellow from the
China Foundation for International Studies.
It added that United States has even assisted
and provided its allies in Asia with advanced
Final debate. Republican presidential nominee Mitt Romney and President
Barack Obama answer a question during their third and nal debate at Lynn
University in Boca Raton, Florida. AP
CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK CYAN MAGENTA YELLOW BLACK
News
ManilaStandardToday mst.daydesk@gmail.com OCTOBER 24, 2012 WEDNESDAY
A2
ANOTHER female Thai na-
tional was arrested by Customs
agents at the Ninoy Aquino In-
ternational Airport on Sunday
for carrying 2.9 kilograms of
shabu worth P14.9 million, an
ofcial said Monday.
Raphirat Sukkasem, 32, was
arrested at 4:30 p.m. at Terminal
1 after ying in from Dubai, Cus-
toms agent Byron Carbonell said
in his report to Customs Com-
missioner Ruffy Biazon.
He said authorities were in-
vestigating if she had any links
to Napaporn Khamsa, another
female Thai national who was
arrested Friday afternoon at the
same airport for carrying 6.7 ki-
lograms of shabu worth P33.5
million.
Carbonell said Customs and
Philippine Drug Enforcement
Agency agents arrested Sukkas-
em after they opened her lug-
gage and found the illegal drug.
An examination later conrmed
that the illegal drug was shabu.
Authorities said it was possible
that Sukkasem and Khamsa be-
longed to the same international
drug-smuggling syndicate.
Another
Thai held
at airport
for shabu
Filipinos were expected to
make their annual journey to
the cemeteries on Nov. 1 to
honor the dead, but the vol-
ume of trafc was expected to
mount days before and after the
event, Public Works Secretary
Rogelio Singson said.
We have to ensure that the
national highways, more impor-
All Saints Day preparations
VARIOUS government agencies have
started paving and clearing roads of
obstructions, opening alternate routes
across private subdivisions, and mobi-
lizing special teams to help motorists or
run after abusive bus and taxi drivers in
preparation for All Saints Day, ofcials
said on Tuesday.
tantly those leading to public and
private cemeteries, are thorough-
ly maintained and in good shape
for safer and more comfortable
travel, he said.
The Public Works Department
has formed teams to help motor-
ists from Oct. 29 to Nov. 5. The
teams will monitor travel condi-
tions under 16 regional directors
and 182 district engineers.
All Souls Day is a religious
holiday, but many Filipinos prefer
to call it the Day of the Dead.
Singson said he had ordered eld
engineers to remove obstructions
and put up signs to help motor-
ists during All Saints Day and All
Souls Day on Nov. 1 and 2.
He urged the public to report
bad roads and bridges at their
Call Center hotline 165-02 or
DPWH Text 2920.
In Paraaque City, trafc on
Dr. A. Santos Avenue leading
to the two major cemeteries--
the Manila Memorial Park and
Loyola Memorial Park--will be
rerouted from Oct. 31 to Nov. 2 to
ease the ow, according to Mayor
Florencio Bernabe Jr.
Rod Franco, President of Ma-
nila North Tollways, said traf-
c was expected to build up at
Quezon Citys Balintawak and
Mindanao Avenue toll plazas and
Pampangas Dau toll plaza in the
afternoon of Oct. 31 until the ear-
ly morning of Nov. 1.
The Land Transportation Fran-
chising and Regulatory Board
called on motorists and commut-
ers to report abusive bus and taxi
drivers by taking down their plate
numbers.
The agency said commuters
could text their complaints to 0918-
448-7777 or call the LTFRB land
line at 4262515. Joel E. Zurbano,
Jonathan Fernandez, Ferdinand
Fabella and Rio N. Araja
Ofel...
She said Ofel had a high
chance of making landfall on
Wednesday in any area in the
northern tip of Mindanao and
Eastern Visayas if its speed and
direction did not change.
She said those areas included
Leyte, Southern Leyte, Eastern
Samar, Western Samar, Surigao
del Norte, Dinagat Island, Su-
rigao del Sur, the Agusan prov-
inces and Camiguin Island.
Enriquez said Ofel could
stay in the Philippine area of
responsibility until Friday or
Saturday and, as a result, a
gale warning had been hoisted
over the eastern seaboard of
Southern Luzon.
The weather bureau said Ofel
was expected to be 80 kilometers
east of Surigao City or at the vi-
cinity of Siargao-Dinagat Island
by Wednesday morning. It will
be over Romblon and Aklan by
Thursday morning and 300 kilo-
meters west of Nasugbu, Batan-
gas, by Friday morning.
The agency said all areas with-
in the 400-kilometer diameter of
the tropical depression would ex-
perience moderate to heavy rain.
Metro Manila and the rest of Lu-
zon would continue to have good
weather. Jonathan Fernandez
NZ...
security forces at the airport were
trained by their special forces at
some point.
He said both countries will share
best practices in areas of shared
threats, such as terrorism, drug traf-
cking, and human trafcking.
The agreement on geothermal
energy, on the other hand, paves
the way for increased techni-
cal cooperation between the two
countries, including knowledge
transfer and training.
Mr. Aquino called on New
Zealand businessmen to consider
investing in the country, citing
some 2,000 megawatts of un-
tapped geothermal resources.
We can maximize these avail-
able opportunities together, the
President said.
Both leaders also forged a
working holiday scheme that will
allow 100 Filipinos aged 18 to 30
years old to travel to New Zealand
on a holiday and undertake em-
ployment during their stay for a
maximum of three months.
New Zealand has similar work-
ing holiday visa schemes with 36
other countries, including Thai-
land, Singapore and Malaysia.
Key also committed a NZ$5 mil-
lion (about US$4 million) investment
to boost the Philippine dairy industry
within the next ve years.
The investment aims to im-
part knowledge and capability for
the Philippines so that you can de-
velop your own dairy industry. As
I understand it, 99 percent of your
dairy consumption is imported,
Key said.
The Philippines is New Zea-
lands third largest market for
milk.
Earlier, in an interview with
Radio New Zealand, Mr. Aquino
underscored the need to curb the
lopsided balance of trade between
the two countries.
He said the Philippines can
export electronic products such
as integrated circuits and automo-
bile parts to New Zealand as he
also expressed his desire for direct
ights between the two countries.
In 2011, New Zealand ranked
as the countrys 25th largest
trading partner with total trade
amounting to US$870 million.
The Philippines currently ex-
ports computer chips, furniture,
and fruits such as mangoes and
bananas to New Zealand.
While he was in New Zealand,
the President witnessed the signing
of a P97-million deal by which Alli-
ance Select Foods International Inc.
based in General Santos City, ac-
quired 80 percent of a New Zealand
salmon company, Akaroa Salmon
New Zealand.
Survey...
the nal campaign encounter
compared with 40 percent for
Romney, according to results
aired on CNN. The poll found 51
percent thought Obama seemed to
be a stronger leader compared with
46 percent for Romney.
(Related story on A5)
Half of those surveyed by
CNN said the debate wouldnt
affect how they planned to vote,
while 25 percent said they planned
to vote for Romney and 24 percent
for Obama. The poll had an error
margin of plus or minus 4.5 per-
centage points.
Last nights showdown at Lynn
University in Boca Raton, Florida,
took place amid a tightening presi-
dential race. Romneys performance
in the candidates rst meeting on
Oct. 3 in Denver gave him a boost
in national polls. Obama rebounded
in their second debate on Oct. 16,
though viewers surveyed afterward
gave him a less-resounding victory
than Romney claimed in the rst
encounter.
A CBS News/GfK poll of un-
committed voters last night found
that 53 percent thought Obama
won compared with 23 percent
for Romney and 24 percent who
considered it a draw. Seventy-one
percent said they thought Obama
could be trusted to handle an in-
ternational crisis compared with
49 percent for Romney. The CBS
poll of 521 uncommitted voters
had an error margin of plus or mi-
nus four percentage points.
Nationally, Obama and Romney
were tied at 47 percent in a national
NBC News/Wall Street Journal poll
of likely voters released Oct. 21.
The survey of 816 likely voters had
a margin of error of plus or minus
3.4 percentage points.
Surveys over the past week
have shown Romney narrowing
Obamas lead in several swing
states, those with a history of sup-
porting either partys presidential
candidate. Six of the nine most-
closely contested statesinclud-
ing Iowa, Ohio, Nevada and North
Carolinahad early, in-person
voting under way as of yesterday.
In Florida, the biggest prize
among the swing states, the can-
didates were virtually even in an
Oct. 17-18 CNN/ORC Interna-
tional poll of likely voters, with 49
percent backing Romney and 48
percent supporting Obama.
The presidents earlier advan-
tage on foreign policy has slipped
in some recent voter surveys. An
ABC News/Washington Post poll
released yesterday found that 49
percent of likely voters said they
trusted Obama more to handle in-
ternational affairs compared with 46
percent for Romney. Obama had led
on the question by seven percentage
points earlier this month.
The Obama administrations
handling of international affairs
has been criticized by Romney
and fellow Republicans, particu-
larly since last months attack on
a US diplomatic compound in
Benghazi, Libya, in which Am-
bassador Chris Stevens and three
other Americans died.
Last nights debate, moderated
by Bob Schieffer of CBS News,
was dominated by questions about
US policy in the Middle East and
in combatting terrorism.
Romney faulted Obama for
what he described as growing
threats in Syria, Libya and Iran.
While congratulating Obama
for the May 2011 raid that killed
Osama bin Laden, the former
Massachusetts governor called for
the US to have a comprehensive
strategy to stamp out extremism.
Obama touted his credentials
as commander in chief and ac-
cused Romney of lacking a co-
herent foreign policy vision and
instead pressing strategies that are
all over the map.
After the rst presidential
debate almost three weeks ago
in Denver, 67 percent of those
surveyed by CNN said Romney
fared better compared with 25
percent for Obama, according to
results aired by the cable chan-
nel afterward. The CNN post-de-
bate poll on Oct. 3 interviewed
430 Americans and had a margin
of error of plus or minus 4.5 per-
centage points. AP
PNoy...
Bayan Muna Rep. Teddy
Casio, who placed at the bot-
tom two in a recent Pulse Asia
survey on senatorial bets for
the 2013 polls, felt alluded to
even if he was not named by the
President.
Let me remind the President
that before his mother died, he
did not even rate in any survey
nor was considered by anyone
to be of presidential caliber. In
fact, he only became senator
because of his lineage and the
heroic efforts of his mother and
father, Casio said in a state-
ment.
So before he derides me or
any candidate for that matter for
rating low in surveys, he should
look at himself rst. Trust me,
Mr. President, if I had Ninoy
and Cory as parents, Id prob-
ably in your shoes too, except
that I would not look down on
ordinary mortals like me who
have no political pedigree like
yours but who have every right
to serve the country as congress-
man or senator, for that matter.
Casios Bayan Muna is at
odds with Akbayan, a party-list
group believed to be allied with
the administration.
Akbayans Risa Hontiveros is
running for a senatorial seat under
the administration coalition.
JBC...
murder of publicist Salvador Dac-
er and his driver Emmanuel Cor-
bito in November 2000, declined
to comment on the framework
agreements legality until he was
able to read the framework rst.
Nonetheless, Bato vowed to be
independent and to help the high
court avoid ip-opping in its de-
cisions.
In order to ensure stability in
the Court, if the Court says its nal,
it should be nal. It should not be
open to another review, Bato said.
Bisquera, when asked by Sereno
on his position on online libel, said:
In the matter of Yahoo messenger,
the coverage of distribution can be
pretty far. But you can block me.
Bisquera, who has 45 years of
management experience, said he
planned to introduce a paradigm
shift in benchmarking the judiciary.
Carandang said he was in-
clined to support the popular
opinion against the anti-cyber-
crime law.
Insofar as the cybercrime law
is concerned, there seems to be an
overreaction to the use of com-
puter devices, she said.
She vowed to decongest high
courts dockets by limiting the l-
ing of unnecessary motions and
compulsory mediation in com-
plex cases.
Of the four, only Cornejo was
not asked about the two controver-
sial legal issues, but Sereno asked
him about proposed amendments
to the Constitution.
If the 1987 Constitution will
be amended, it should be through
a constituent assembly, Cornejo
said.
While the JBC allowed the
broadcasting of the interviews,
no television or radio network ap-
plied for accreditation, hence the
interviews were not aired.
Eight other bets will face the
council tomorrow: former RTC
Judge Adoracion Cruz-Avisado,
appellate court Associate Justices
Magdangal De Leon and Isaias
Dicdican, former University of
the Philippines Law Dean Mar-
vic Leonen, former Energy Sec-
retary Raphael Perpetuo Lotilla,
Court of Appeals presiding Jus-
tice Andres Reyes Jr., and Court
of Appeals Associate Justices Jose
Reyes Jr. and Noel Tijam.
Stroke...
if the survivor was taking his
maintenance medicine diligently.
A stroke survivor could have
sex a month or two after the
stroke, she said.
At the groups brieng on the cur-
rent status of neurological diseases
at The Diamond Hotel in Manila,
Bautista warned that the chances of
having another stroke was 50 higher
for any stroke survivor not taking the
prescribed medication.
Generally, she said, sex was not
contraindicated in patients who had
suffered a stroke, which is a sudden
impairment of neurological func-
tions. She said the sex organ was
not affected by a stroke except if
the stroke had been massive.
It is more of a psychological
fear although the sexual urge is
still there, Bautista said.
It [sex] is not contraindicated
as long as the blood pressure is
controlled. However, the situa-
tion is different if one suffered a
massive stroke because it can ad-
versely affect his movements.
Bautista said another obstacle
to stroke patients was the likeli-
hood of impotence or the inabil-
ity to reach orgasm as a result of
anxiety or depression.
Stroke specialist Jennifer
Manzano said sex therapists usu-
ally advised those who had suf-
fered a stroke and their partners
to make time to gure out what
sexual positions favored both.
We also suggest that patients
do the sexual activity in the morn-
ing when energy levels are at their
highest, Manzano said.
She said the primary goal dur-
ing treatment after a stoke was to
prevent a recurrence and com-
plications, but it was also her
groups priority to help patients
go on with their lives with less in-
terference from other people.
Although suffering from stroke
is life-changing, it is denitely not
life-ending. Stroke survivors can
still have a meaningful life with
their loved ones, Manzano said.
Bautista said strokes were
highest among the poor due to
their poor nutrition and failure to
take proper medication. She said
canned goods, noodles and other
foods high in sodium content
could trigger a stroke and other
neurological diseases.
Senators...
They [cannot be] forced to
answer my questions but in the
free exchange of ideas, we are all
government employees, we are all
public servants, we have the duty
to tell the people the basis of our
actions, Pimentel said.
Lacson said the senators would
not interfere in the Comelecs de-
cisions, but needed to consult the
commissioners about prospective
amendments to election laws.
We only want to ask policy
questions because there might be
some loopholes in the party-list
law that we intend to amend. We
will not interfere in the disquali-
cation issue, said Lacson, who
branded as arrogant the statement
of Brillantes that senators had
nothing to do with their accredita-
tion of party-list groups.
On Tuesday, supporters of the
Akbayan party-list group dem-
onstrated in front of the Comelec
ofce after other leftist organiza-
tions demanded they be disquali-
ed on the basis of their already
strong presence in the Aquino ad-
ministration. The demonstrators
said Akbayan was a legitimate
party-list of the marginalized.
Several high-ranking mem-
bers of the Aquino administration
are Akbayan members, including
Ronald Llamas, presidential polit-
ical affairs adviser; Etta Rosales,
human rights commissioner; and
Two of the groups nominees for
Congress in the 2013 are now Pal-
ace undersecretaries.
In the same hearing at the Sen-
ate, Lacson cited the need to pass
an enabling law to ban political
dynasties as specied in the Con-
stitution.
He said even though politi-
cians belonged to their own clans,
they could be moved to act under
strong pressure from the voters.
Macon Ramos-Araneta and
Vito Barcelo
Debate...
Chinait reached $295.5
billion in 2011and Romney
pointed out it has widened year-
by-year.
Obama said that in order to
build businesses to compete with
China in the long-term, the US
needed to take care of business
at home by supporting education
and research.
Romney, who said the U.S.
could not just surrender in the
face of trade violations, rolled his
eyes at Obamas mention of educa-
tion as a way of making America
more competitive against China.
The tone of the debatethe last
of three held between the candi-
dates before Americans vote un-
derscores how the tightly contested
Nov. 6 election is being fought
primarily over the state of the U.S.
economy, with unemployment run-
ning just under 8 percent.
Neither candidate grappled with
the deeper challenges of Chinas
rise: that it has managed to build a
competitive economy while main-
taining an authoritarian political
system. There was also little sub-
stantive discussion of the challenge
posed to US military pre-eminence
in the Asia-Pacic region by Chi-
nas rapid military build-up.
Romney said that China needs
to create 20 million jobs every
year, and wants a stable world in
which it can trade its goods, but
he said China would not respect
a United States that has a heavily
indebted economy and is cutting
back its military.
Obama contended that Ameri-
ca was stronger in the world today
than when he took ofce. He said
that his administrations strategic
pivot toward the Asia-Pacic
as the US winds down its wars in
Iraq and Afghanistan was because
it would be a region of massive
economic growth in the future.
We believe China can be a
partner but we are also sending a
very clear message that America
is a Pacic power and we are go-
ing to have a presence there, he
said. AP
Beijing ...
weaponry or joined forces
with them through military ex-
ercises targeting China.
It is because they have the
support of the US that these coun-
tries have taken steps to intensify
the already tense situation in the
region, with some stepping up
arms procurement and war prepa-
rations to support their strategy of
inch-by-inch encroachment, the
report said.
However, amid all these
moves, the article said that Chi-
na still respects Washingtons
presence in the region.
[China] welcomes any con-
structive contribution from it
[Washington] but so far, its pres-
ence has been anything but con-
structive, it said.
The article criticized US State
Secretary Hillary Clinton who
called on China and the 10-mem-
ber Association of Southeast
Asian Nations to draft a binding
Code of Conduct to resolve the
territorial disputes in the West
Philippine Sea [South China
Sea].
It said that Clinton tried to
x a timetable for the naliza-
tion of the Code, and emphasized
the need to see substantial prog-
ress from China and the Asean
before the East Asia Summit in
November. AP
OCTOBER 24, 2012 WEDNESDAY
A3 News
ManilaStandardToday mst.daydesk@gmail.com
Public Works speeds up
process to beat poll ban
IN BRIEF
Aquinos appointees
Semestral break until Oct. 25
Labeling of kids toys
clears a hurdle
THE House of Representatives has approved
on third and nal reading a measure that pro-
vides a standardized labeling requirements
of childrens toys and games to protect them
from potential health risks.
House Bill 6529 prescribes the printing
of cautionary statements and requires the
inclusion of graphics for the labeling of
certain toys or games.
The bill was a consolidation of of House
Bills 1221 and 1727, authored respectively
by Camarines Sur Rep. Diosdado M. Arroyo,
Pampanga Rep. Gloria Macapagal-Arroyo,
Ang Galing Pinoy party-list Rep. Juan Miguel
Macapagal Arroyo, Iloilo Rep. Augusto Syju-
co, and Leyte Rep. Lucy Marie Torres-Gomez.
The measure requires that safety labeling
of a toy or game be applied to food items
which contain or whose packaging includes
a toy or descriptive material of a game.
It requires the Department of Health to
publish every six months the list of all mis-
branded or banned hazardous substances
the sale, offer for sale and distribution of
which shall not be allowed subject to the
requirements of this Act. Maricel V. Cruz
PRESIDENT Aquino has re-appointed
Jovy Bernabe as chief executive ofcer of
the Philippine Crop Insurance Corp.
A lawyer by profession, Bernabe has
served as PCIC head since 2008 after his
stint an executive director of the National
Agricultural and Fishery Council.
He will be joined by three new board
members of the PCIC, namely Alex de
Guzman Suarez and Dioscoro Granada rep-
resenting farmers sector from Luzon and
Mindanao and Epifanio Maniebo represent-
ing the private insurance industry.
The President also re-appointed Rosario Ga-
etos as executive director of the Center for In-
ternational Trade Exposition and Missions Inc.
under the Department of Trade and Industry.
Gaetos used to vice president of the
Tourism Promotions Board and deputy ex-
ecutive director of the Philippine Conven-
tion and Visitors Corp. Joyce Paares
REGULAR classes in all public elemen-
tary and secondary schools will resume on
Oct. 29 after the semestral break from Oct.
22 to Oct. 25, the Education Department
said on Tuesday.
The department said school administrators
had full discretion whether or not to have a
semestral break or use the days for makeup
classes to meet the mandatory 180 days for
teacher-learners contact time.
Private schools may opt to deviate from the
calendar provided the total number of school days
was not compromised, the department said.
Meanwhile, Kabataan party-list Rep.
Raymond Palatino again urged the young to
participate in next years mid-term election
by using their semestral break to register as
voters. Gigi Muoz-David
By Joel E. Zurbano
THE Public Works department is has-
tening the bidding process of all 2,719
projects for 2013 to avoid the ban on
public road works during the election pe-
riod in May, Secretary Rogelio Singson
said on Tuesday.
Mindanao
co-ops owe
Napocor
P2.6 billion
Fast-tracking. Public Works & Highways Secretary Rogelio Singson points out the need to speed up the
bidding process for infrastructure and ood control projects during a brieng held at the DPWH main
ofce in Manila. EY ACASIO
Conned. Chinese
nationals Lian
Syang Yui (left)
and Lai Fue Sung,
supposed victims
of a swindling and
money-laundering
activities of an
international
syndicate, le
their complaint
before Director
Samuel Pagdilao
of the Criminal
Investigation and
Detection Group.
MANNY PALMERO
By Merck Maguddayao

THE National Power Corpo-
ration failed to collect P2.6
billion worth of long over-
due debt from its customers,
mostly electric co-operatives
in Mindanao.
This and among other nd-
ings were revealed by the
Commission on Audit in its
2011 Annual Audit Report of
the state-owned power rm.
It was noted P2.652 billion
remained unpaid depriving
Napocor of much needed funds
for its operations, the audit
commission said.
Non-identication of the
debtors would render collec-
tion thereof improbable. This
has likewise resulted in the un-
derstatement of the real debtors
accounts, it added. The account
is said to be dormant since 2009.
It also revealed that Napocor
failed to collect P503 million
of output tax.
Much of the debtP2.4 bil-
lionwas accumulated in Mind-
anao, which was hounded with a
power crisis and a series of rotat-
ing brownouts early this year.
President Benigno Aquino
III recommended the privati-
zation of a number of power
plants and cooperatives, which
he claimed would improve
power generation and distri-
bution, and to cover the scal
problems of the islands grids.
COA however recommend-
ed NPC to intensify its efforts
to collect from its power cus-
tomers and to institute legal ac-
tion to enforce collection.
COA also hit Napocor for
several deciencies in its
ongoing construction report
(construction work in process).
It took note that P1.6 billion
in completed work orders was
not reported in Napocors 2011
project status report; P261.8
million balance of unidentied
work orders; and P236.5 mil-
lion in abnormal balances.
Napocor also failed to ap-
praise its P15.3 billion electric
plants in service since 1996, to
the current fair market value of
the assets, COA said.
By Rey Requejo
THE Supreme Court has afrmed with
nality the legality of the Commis-
sion on Elections P1.8-billion deal for
the purchase from Smartmatic-TIM of
precinct count optical scan (PCOS) ma-
chines to automate next years polls.
At an en banc session on Tuesday, ma-
jority of the justices voted to sustain their
June 13 decision and dismiss the motion
for reconsideration led by the Automat-
ed Election System Watch led by former
Vice President Teosto Guingona Jr.
Three other justices who had joined
the majority opinion in this case in the
earlier ruling Senior Associate Justice
Antonio Carpio and Associate Justices
Mariano del Castillo and Jose Perez
were not present in the deliberation.
A highly placed source conrmed the
full courts action, but the SCs Public
Information Ofce declined to conrm it
pending ofcial word from the Ofce of
Chief Justice Ma. Lourdes Sereno.
In ruling against the motion for reconsidera-
tion, the SC reiterated that the contract for the
purchase of some 82,000 machines used in
the 2010 polls was legal since it was forged
when the earlier contract between Comelec and
Smartmatic for the 2010 polls was still valid.
They dismissed the claim of peti-
tioners that the period of the option to
purchase under the AES contract had
already lapsed on December 31, 2010,
which made the new deed of sale execut-
ed by Smartmatic and Comelec illegal.
The majority stressed that Comelec
has not yet returned in full the P360-
million performance security bond it had
collected from Smartmatic, which is a
proof that the contract remains valid.
They were also not convinced by pe-
titioners argument that the ruling would
be tantamount to giving the Smartmatic-
TIM a benet that was not known and
available to all bidders during the bid-
ding of the 2010 polls when its contract
was extended after supposed expiration.
Lastly, they cited failure of petition-
ers to give a plausible alternative to
ensure the conduct of a successful 2013
automated elections, in the event that the
Court nullies the Deed of Sale.
Associate Justice Diosdado Peralta
penned the ruling and was joined by
Associate Justices Presbitero Velasco
Jr., Teresita Leonardo-De Castro, Lucas
Bersamin, Roberto Abad, Jose Mendoza,
Lourdes Sereno and Bienvenido Reyes.
Justice Martin Villarama dissented and
was joined by Justices Arturo Brion and
Estela Perlas-Bernabe.
AES Watch was joined by the Soli-
darity for Sovereignty (S4S) led by Ma.
Linda Montayre and another group of
concerned citizens led by Davao City
Archbishop Fernando Capalla in ques-
tioning the deal before the SC.
The agency has allotted P152.9
billion in 2013 to build roads,
bridges, ports and airports.
We are advancing the program
of work. We are starting to bid now
so that by January, most of these
projects shall have been awarded
(to winning bidders). Our deadline
is end of March, said Singson in
a press conference.
Singson said all road projects
worth P20 million or lower will
have to be bidded out on or before
Nov. 15 while those from P20
million to P50 million worth of
contracts have to be done during
the second half. The remaining
projects would have to be sched-
uled for bidding in December.
There will be no awarding of
infrastructure projects during the
election ban (from March 29 until
May 10). We are prepared for
that, he said.
The agency wanted to nish
the bidding process before De-
cember not only to avoid the
election ban but also to take ad-
vantage of the summer months.
We hope to nish the small
projects before the the rainy
season sets in again, he said.
The road and bridge projects
which will be covered by the
ban are those from the provin-
cial level down to the baran-
gays.
Singson assured the public
that the bidding process for in-
frastructure projects would be
shortened so that the depart-
ment could begin accepting bids
for projects as early as January
based on the General Appropri-
ations Act of 2013.
Construction of roads leading
to tourist destination and air-
ports were among the projects
of the department for 2013.
Singson said his agency
lined up the construction of
roads leading to tourist destina-
tions, airports, RORO (Roll On
Roll Off) port, food production
areas and economic zones.
The department sought
the upgrading from gravel to con-
crete all national arterial road, to
be followed by national secondary
roads, and third, improvement of
national bridges from temporary
to permanent.
Part of its priority list,
the DPWH will also focus on as-
set preservation through routine
maintenance and address critical
bottlenecks through road widen-
ing and construction of loading
and unloading bays.
The governments ag-
ship Public-Private Partnership
program is also in the pipeline to
sustain the initial success on the
project. The DPWH was the rst
agency to carry out the PPP, Sing-
son said.
Last August, Civil So-
ciety Organizations joined the
department in crafting a budget
for the implementation of priority
projects for year 2013.
Ma. Flora Mey Cerna, a repre-
sentative of Bantay Lansangan,
lauded the department for its stra-
tegic convergence with other na-
tional agencies as she urged local
government units to integrate road
planning in their programs.
Maeor Pilar Gabunales of
Makati Business Club-Coalition
Against Corruption suggested
that the budget consultation ac-
tivities be replicated in various
regions to create more awareness
on the department partnership
with civil society groups towards
greater transparency.
Comelec cleared to buy Smartmatic machines
THE Criminal and Investigation and De-
tection Group and the Anti Money Laun-
dering Council are looking into suspect-
ed shell companies of an international
syndicate dealing with scrap metal.
CIDG chief Samuel Pagdilao identi-
ed the seven rms as Phoenix Metal
Marketing, Kingstann Metal Trading,
Metsyl Metal Trading, Monel Trading,
Munts and Zephyr Metal.
He said the government has frozen
personal and corporate accounts linked
to the crime ring.
Under the law, court warrants are
required to determine how much is
contaijned in the accounts, a pro-
cess that can take time if the account
holders object.
Pagdilao said the syndicate used fronts
with ctitious addresses and telephone
numbers along with listed companies to
launder money.
He said the scam involved enticing
international victims through Online
advertisements for scrap metal, mostly
copper wire. The buyers are taken to a
warehouse and shown the goods in a
container van for shipment.
Once the buyers leave the country, the
goods are unlodaded and replaced with
junk such as rocks and garbage, keeping
the containers seal intact.
Pagdilao said Lin Shan Yin, owner of
Apex Group Ltd. of Guandong, China,
paid Zephyr Metal S2.4 million for 346
metric tons of copper but received in-
stead a shipment of concrete debris.
In another complaint, South Korean
Hyung Kwon Kim said he paid the syn-
dicate allegedly led by Singaporean Ah
Chai Teo and Hong Kongese Lim Hoi
Chung, alias Ronald Lim, $320,567 for
100 metric tons of scrap copper wires.
Also in the charge sheet were three
FilipinosMary Ann Dela Cruz, Jose
Delos Santos and Renato Besa Banal,
proprietor of Majestic Metal Trading.
Pagdilao said a case of estafa was led
against Ronald Lim et al before the Pasig
Regional Trial Court Branch 26 with arrest
warrants issued. Francisco Tuyay and AP
THE Supreme Court on Tues-
day approved the request of
Associate Justice Presbitero Ve-
lasco Jr. to inhibit himself from
participating in the resolution
of the consolidated petitions as-
sailing the constitutionality of
several provisions of Republic
Act 10175 or Cybercrime Pre-
vention Act.
In an en banc session, the
SC also ordered a re-rafe of
the case to another member-in-
charge who will write the deci-
sion in place of Velasco.
The magistrates accepted Ve-
lascos reasons for inhibiting
from the case.
Velasco said last week that he
decided to recuse himself in order
to erase any doubt or suspicion
that preconception may inuence
or even taint the adjudication of
said case after groups of journal-
ists questioned his participation in
the case because of the libel cases
he previously led against jour-
nalist Marites Vitug.
Velasco, however, denied the
allegations of National Union of
Journalists of the Philippines, the
Center for Media Freedom and
Responsibility and the Philippine
Press Institute that he has bias in
favor of RA 10175.
The allegation of bias on the
part of Justice Velasco in favor of
the Cybercrime Prevention Act is
totally baseless and bereft of truth
as he in fact proposed the issuance
of the temporary restraining order
(TRO) to bar the enforcement and
effectivity of the assailed law, his
ofce said in a statement.
The NUJP was among the 15
groups that led the petitions
asking the SC to declare the anti-
cybercrime law unconstitutional.
Rey E. Requejo
Velasco
opts out of
cyber law
Con game to launder dirty money bared
Opinion Adelle Chua, Editor
ManilaStandardToday
mst.lettertotheeditor@gmail.com OCTOBER 24, 2012 WEDNESDAY
A4
THE Constitution is unequivocal.
Section 26 of the Declaration
Of Principles And State Policies
Principles reads: The State
shall guarantee equal access to
opportunities for public service
and prohibit political dynasties as
may be dened by law.
By this stricture alone, many
of todays leaders have already
committed culpable violations of
the Constitution. There is no great
mystery about who they are. Their
names are familiar to us. They hog
the headlines year in and year out
fathers and sons, mothers and
daughters, husbands and wives,
brothers and sisters, aunts and uncles.
Many more are preparing to out
the constitutional ban on political
dynasties in the mid-term elections
next year, with every dog and his
brother running for public ofce.
The reason they get away with
it, the Commission on Elections
points out, is the phrase as may
be dened by law. Today, 25
years after the Constitution was
approved by the people as the
fundamental law of the land, our
elected ofcials in Congress have
chosen to ignore this prohibition
by the simple expedient of not
passing an implementing law. That
way, they can keep having their
family members elected to ofce
to protect and strengthen the power
and political inuence of their
respective clans.
Over the weekend, the Comelec
chairman suggested a peoples
initiative as the best way to break
the congressional roadblock to an
honest-to-goodness ban on political
dynasties. He did not say, however,
which portions of the Constitution
would have to be amended through
such a major undertaking, or
mention the chances of success of
such a drastic step. Since 1987, no
such initiative has ever prospered.
The poll agencys chairman
was clearly reactingsomewhat
ineffectuallyto a petition from
a voter and a taxpayer before the
Supreme Court seeking to compel
the Comelec from barring members
of political dynasties, including
the relatives of President Benigno
Aquino III and Vice President
Jejomar Binay, from running next
year.
The petitioner argued that the
spirit and intent of the ban
should be enforced even without
a law dening what a political
dynasty was, and said the list
of candidates for national and
local government posts next year
had made a mockery of the
Constitution.
There is no gainsaying the
validity of the points made in the
petition, but it remains to be seen
how well the justices, under the
leadership of Mr. Aquinos own
handpicked chief justice, will
uphold the basic law of the land.
In the meantime, we say shame
on the Abads, the Angaras, the
Aquinos, the Arroyos, the Binays,
the Cayetanos, the Dutertes, the
Enriles, the Estradas, the Marcoses,
the Pacquiaos, the Revillas and the
Villarsand a host of other political
families too numerous to list here.
You who call yourselves our leaders
especially those who disguise
themselves as reformistsare worthy
of our contempt for knowingly
violating the spirit of our Constitution.
It is a truism that we get the
leaders we deserve. If we are
stupid enough to vote the same
tired families into public ofce
again and again, then we truly
deserve the culture of inuence
and privilege that these clans have
carved out for themselves at our
expense.
Every dog and his brother
EDITORIAL
Carrot and stick
THERE are encouraging signs that the
relationship between the Philippines
and the Peoples Republic of China
is moving toward normalization. A
high-level Chinese delegation headed
by Vice Foreign Minister Fu Ying
arrived last week for the 18
th
Foreign
Ministry Consultations between the two
countries.
The Chinese ofcials visit came
even as Manila still has to appoint an
envoy to Beijing and its current Charge
dAffaire Alex Chua is set to assume his
post as ambassador to Myanmar. The
Beijing post is vacant after Ambassador
Sonia Brady was stricken ill.
Madame Fu Ying, Beijings former
ambassador to Manila, called on
President Aquino with a message of
peace from Chinese President Hu
Jintao underscoring the value Beijing
places on its ties with Manila. She also
called on Secretary of Foreign Affairs
Albert del Rosario and Senate President
Juan Ponce Enrile. This, after she and
the Chinese delegation held bilateral
meetings with DFA ofcials headed
by Undersecretary for Policy Erlinda
Basilio on a wide range of issues
of mutual concerns including trade,
investment, tourism and presumably,
easing tension over Scarborough Shoal.
The Chinese Vice Foreign Ministers
courtesy calls were described as cordial,
capped by a $200,000 token donation
to Chinese earthquake victims. Even
Enrile, who had exposed the murky
back channeling of Senator Antonio
Trillanes to repair the strained relations
between China and the Philippines, was
polite not to mention the matter of the
Trillanes-Fu Ying meeting in Beijing.
Analysts would tend to attribute
these positive developments to quiet
diplomacy after the Trillanes faux
pas. Some would even claim it was
Special Envoy Mar Roxas meeting
with Chinese Vice President and heir
apparent leader Xi Jinping which paved
the way for a more conciliatory China.
There are other developments,
though, which are not said in the
layered world of diplomacy. Three of
these developments are the once-in-a-
decade change in Chinese leadership in
November, the economic slowdown due
to the decline in demand for Chinese
products particularly in nancially-
strapped Europe, and a new front in
Chinas territorial row with Japan.
While already meeting stiff
opposition from the Philippines and
Vietnam on its claim of nearly the entire
South China Sea, Beijing got embroiled
in yet another dispute with Tokyo over
ownership of the Senkaku Islands which
the Chinese call Diaoyu.
Manufactured export products which
fuel Chinas economic growth, could
also face a challenge if Republican
candidate Mitt Romney defeats US
President Barack Obama in a down-the-
wire race on Nov. 6.
Romney, in his campaign speeches,
has vowed to save and protect American
jobs, a resonant issue in the current
US presidential debates. Romney
has criticized China for manipulated
devaluing of the yuan and Chinas
subsidized industries which make it
difcult for US businesses to compete.
Romneys campaign line to level the
playing eld has gained traction with
voters who are unhappy with Obamas
four-year handling of the economy,
particularly in addressing the 7.5
percent unemployment problem.
Figuring in the equation, however, is
the $1-trillion debt the US owes China.
The palpable shift from aggression
to appeasement in Chinas policy,
however, may have to do largely with
American re-engagement in Asia and
the Pacic. Redeployment of US naval
forces from 50-50 to 60-40 between the
Atlantic and Pacic Oceans is widely
seen as a move to make US presence
felt in the turbulent South China Sea
spawned by territorial disputes
A series of port calls in the Philippines
by US warships surely has not escaped
notice by the Chinese. Today, the
nuclear-powered USS Washington
will steam into Manila Bay. Earlier at
Subic, the former American naval base,
the USS Bonhomme Richard dropped
anchor for US troops debarking for war
games with Filipino soldiers.
There were other port calls by US
ships in September including the USS
Hawaii, USS North Carolina and the
nuclear-powered aircraft carrier USS
Louisville which has a complement of
75 jetghter planes on its deck.
The Visiting Forces Agreement
works as well after our nationalistic
senators evicted the Americans from
Clark and Subic in 1991. Its reassuring
to have a global cop on the beat to keep
the peace in the neighborhood.
While we should welcome Chinas
apparent reaching out to us, lets be wary.
Xin Hua, the Chinese news agency,
reported that Chinese naval exercises
were launched near the disputed area
of Senkaku. A frigate, surveillance
ships, ghter planes and helicopters
participated in the naval exercise meant
to send a message to Japan that China
will assert its sovereignty over the
disputed island.
ALEJANDRO
DEL ROSARIO
BACK CHANNEL
Tasteless
and crude
I SIMPLY must share with you this
joke that I heard recently because its
so funny. It involves German sports
cars, a wheelchair and someone sitting
in it wearing a straitjacket.
But maybe I shouldnt tell the joke
at all, because what may be funny to
some can be considered tasteless by
a lot more people. This is especially
so when the would-be stand-up comic
telling it is an incumbent President on a
state visit to another land talking about
his predecessor, whom he mindlessly
and relentlessly pursues.
By now, you may have heard of
the joke repeated (or, more likely,
dreamed up) by President Noynoy
Aquino during his visit to new
Zealand. In between
ts of coughing,
Aquino told of how
government ofcials
who formerly liked
cars have been
reduced to riding
wheelchairs instead
after leaving public
service, to avoid
prosecution.
The object of the
crude joke-telling is
certainly not former
Aquino family
diehard Manoling
Morato, who has
undergone stress-
related bypass surgery after a warrant
was served for his arrest in connection
with supposed anomalies in the
Philippine Charity Sweepstakes Ofce
during the past administration. Even
Aquino and his sisters, while they
may now consider Morato a political
enemy, cannot be so ungrateful to the
outspoken former chief censor and
sweepstakes boss that they will allow
him to be humiliated in such a manner.
(Speaking of Morato, I certainly
wish him a speedy recovery and quick
exoneration of the trumped-up charges
foisted upon him. After all, anybody
who knows anything understands
that Morato has no quarrel with
the Aquinos, but with a powerful
former factotum of Cory, who has
engineered the charges against him
in retaliation for Moratos consistent
and uncensored remarks against the
current PCSO leadership.)
No, the butt of Aquinos joke in
New Zealand was none other than
Gloria Macapagal Arroyo, whom
he and his minions have once again
ordered arrested and conned to the
Veterans Memorial Medical Center
in Quezon City, while Aquino was
being criticized for everything from
his engineering the passage of the
Cybercrime Prevention Act to signing
an order directing all government
agencies to raise the rates they charge
the public for various permits, fees,
certicates and other needs.
But because Aquino is who he is,
he is never content to just persecute
his foes silently, like some other
politician mindful of propriety and
appearances. He has to shame them
in public through tasteless jokes like
the one he went all the way to New
Zealand to tell, when he was not
coughing his way through his speech.
This endless pursuit of Arroyo
is no longer a matter of policy,
misguided and vengeful though
it may be. Aquinos refusal to act
decently about the predecessor
that he hates so much has already
degenerated into a question of whether
he, the hacienda heir, has breeding and
manners.
Aquinos fans may continue to
crow about how their boy is pure as
the driven snow and as incorruptible
as any Catholic saint. And he may be
thatbut he is also proving to one and
all that he is a boor and a bully who
cannot even hide his schadenfreude,
that exquisite German term for the joy
one experiences at the misfortune of
his fellow man.
Such classlessness. Such
unmitigated lack of propriety from
someone who holds the highest and
supposedly most respected ofce in
the land.
And if you are
so proud of what
Aquino did in New
Zealand, then I
have a joke for you,
as well. It involves
a headstrong young
woman who so
wanted to be a
movie actress
against the wishes
of her motherthat
she asked a family
friend to help her
fulll her starstruck
dream.
The friend
succeeded in convincing the young
womans mother, but only after he
promised the doubting parent that he
would safeguard the girls morals in
Tinseltown. But neither elder person
expected the girl to set new records
in sleeping around, even by the bed-
hopping standards of the amoral
industry she joined.
I wish that was really just a joke.
But, sadly, its not.
* * *
It may be too late in the day for it,
what with the 2013 elections nearly
upon us, but I certainly wish some
people would take up the suggestion
to start a peoples initiative to ban
political dynasties. Malacaang and
Congress cannot be asked to initiate
such a proposal, certainly, because it
would be against their interest to craft
and push for such a law.
So the only alternative is a peoples
initiative, submitted directly to the
Commission on Elections, which will
then be mandated by law to hold a
referendum on the proposed measures
passage. Thats what the Constitution
says.
Of course, Comelec cannot
be expected to give due course
to the initiative to ban political
dynasties. The election agency is
much too busy weeding out party-
list groups that do not have the
stamp of approval of Malacaang
and making sure that its favored
automation sub-contractor once
again runs the countrys polls.
But perhaps after the 2013 vote,
people will stop yakking about how
just a few families control an entire
countrys politics and do something
about it. Maybe.
ROLANDO G. ESTABILLO Publisher
RAMONCHITO L. TOMELDAN Managing Editor
CHIN WONG/ RAY S. EANO Associate Editors
JOEL P. PALACIOS News Editor
ROGELIO C. SALAZAR President & CEO
MEMBER
Philippine Press Institute
The National Association
of Philippine Newspapers PPI
can be accessed at:
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MST
Manila
Standard
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Aquino is
proving to one
and all that he
is a boor and a
bully who cannot
hide his
schadenfreude.
JOJO
A. ROBLES
LOWDOWN
A5 Opinion Adelle Chua, Editor
ManilaStandardToday
mst.lettertotheeditor@gmail.com
THERE he goes again. I refer to
President Noynoy Aquinos milking
his anti-corruption mantra against
his predecessor, former President
Gloria Macapagal Arroyo. He did it
this time in Auckland, New Zealand
where he is on state visit.
With obvious reference to Mrs.
Arroyo, Mr. Aquino told a crowd
of cheering Filipinos that our
fellow citizens, who are engaged
in corruption in the Philippines,
have opulent,
e x p e n s i v e
and fast cars.
But, if they
want to escape
( p r o s e c u t i o n ) ,
they use a
wheelchair.
Recall that
Mrs. Arroyo had
wanted to be
treated abroad
for her bone and
spinal ailment
when she sought
to board a plane
on a wheelchair.
She was however
prevented by
Secretary of Justice Leila de
Lima, who defied a Supreme
Court temporary restraining order
against the implementation of a
hold-departure order against the
Arroyos.
I cannot understand why Mr.
Aquino hates his predecessor so much
that he has made her the showcase of
his anti-corruption campaign. He is
getting too personal he is making
Mrs. Arroyo his punching bag.
The former president is already
facing numerous charges of
corruption, from electoral sabotage
to graft and even plunder. She has
since been arrested and confined to a
hospital because of an ailment which
can only get worse. She now weighs
88 pounds. She cant eat solid food;
she must be fed intravenously.
Arroyo looks pitiful and
an ordinary person cannot but
sympathize with her. I would not
wish what is happening to her
on my worst enemy. And yet,
President Aquino capitalizes on her
predicament for a few laughs before
Filipinos abroad.
If Arroyo was as corrupt as Aquino
and his yellow ilk paint her to be,
let the courts decide that. A person
should be presumed innocent until
he or she is found guilty. Doesnt
the President often invoke this when
his own friends, partymates and
shooting buddies are involved in
scandals?
***
From Day One, President
Aquino has worn his yellow
ribbon. This can only be a symbol
of factionalism and divisiveness.
How can he lead us towards healing
and reconciliation?
I agree very much with my
colleague Jojo Robles, who wrote
about the Presidents diplomatic
awkwardness when he greeted
French Prime Minister Jean-Marc
Ayrault and Chinese Deputy Foreign
Minister Fu Ying in his neatly-
pressed barongon which was
pinned his yellow ribbon. Robles
wrote that since President Aquino
has control of Congress anyway,
why not replace the tricolor Filipino
flag with the Aquino yellow ribbon
symbol?
The conscripted members of
media will say Im nitpicking and
finding fault. Truth to tell, I am only
expressing the sentiments of many
who still see those yellow-ribbon
stickers on vehicles, as if to say that
the owners of those vehicles are
among the chosen people.
The yellow ribbon may just be
a symbol, but when a President
displays it as
some kind of
a badge that
di st i ngui shes
him from
the rest of us
mortals and
e s p e c i a l l y
from his
predecessors,
then thats
not anymore a
mere symbol
but a tool
for sowing
divisiveness.
***
T r o u b l e
begins when
people start believing lies.
Popular rock star Sting transferred
the venue of his concert from the SM
Mall of Asia to the Smart Araneta
Coliseum, purportedly in keeping
with his staunch advocacy to save
the environment. Just why Stings
promoters believed the lie peddled
by self-styled environmentalists at
once is something I cannot quite
understand.
Those tree huggers convinced
Sting and his promoters that SM
was cutting down trees at the back
of SM Baguio. But why didnt the
promoters check the facts? Its the
height of stupidity.
Those trees were being transferred
through a scientific method called
earth-balling. Experts from the
Department of Environment and
Natural Resources, representatives
of the local government and many
other observers were around during
the earth-balling. SM is also being
required to plant 5,000 pine trees
around Baguio City.
Indeed, lies have become a
convenient tool for obstructing
progress.
***
The reported appeal of former Moro
National Liberation Front Chairman
Nur Misuari for independence in
Mindanao before the United Nations
and his plea for the Organization
of Islamic Cooperation this coming
November for consultation on the
stature of the Philippines cannot be
regarded as mere noise.
Around 7,000 to 8,000 MNLF
members gathered in Davao City
recently to show their opposition to
the government-MILF framework
agreement for peace signed last
week.
Peace is a pie in sky in Mindanao
with so many Muslim clans fighting
with other clans for supremacy.
Arroyo
the punching bag
Will someone rid me of those cyber millions?
ROMEAmid the great jubilation
over the canonization of St. Pedro
Calungsod and six other saints of the
Catholic Church here last weekend, and
the welcome announcement on the Web
that Newsweek will soon cease to exist
as a paper-based magazine in favor of a
completely digital edition, something I
had for so long tried to ignore at home
has managed to dog me on this trip each
time I switch on my MacBook Air.
It is a recurring online notice that I
have just won one million pounds from
a Microsoft lottery, or something, or
have just become the lucky recipient of
a similar largesse from a generous Greek
or Nigerian philanthropist who wants to
share his 148 million-pound winnings
or a 10-billion pound inheritance with a
total stranger because he has no relatives
or friends with whom to share his good
fortune.
In the beginning, the notice was
purely in local currency and did not
go beyond one million pesos. I was
supposed to have won in a Globe
or Smart grand rafe, or in a lottery
sponsored by the Benigno S. Aquino
benevolent organization, or something.
Invariably my in-box directed me to
call a number where a certain attorney
would be waiting to help me process my
claim. But when I tried to satisfy my
curiosity and called to ask how on earth
I could have won a million pesos when
I never took part in any rafe or lottery,
the phone went dead forever.
From Philippine pesos, my
winnings were soon quoted in pound
sterling. Not in dollars or euros, which
are both in trouble, nor in rubles or
renminbi, but always in pound sterling.
I began to suspect that the Bank of
England was behind it all, trying to
portray the British currency as the
strongest currency in a wicker basket of
weak currencies.
All my life I have dreaded the prospect
of having to walk long distances barefoot
all over again, as I used to when I was a boy.
But nothing frightens me more than having
to roll in unearned or unexplained afuence,
and threatening to displace any of the poorly
taxed billionaires on Forbes magazines
annual listing. So since my computer
prociency did not go far beyond word
processing, I had to ask my young daughter
how to respond to this persistent news of
good fortune, which insisted that I respond
by supplying my name, contact number, and
other personal details.
She told me, dont even open it, its
all a scam. All theyre after, she said,
is your personal data, which they could
use to access your bank account, and get
whatever little money you have. So
like an obedient father, I ignored it. But
the notices continued and the language
and locale nally migrated from
English possibly coming out of Lagos
or London to Spanish possibly coming
out of Madrid or Argentina to Chinese
possibly coming out of Hong Kong or
some soup kitchen in America.
From Iran to Germany, the problems
in cyberspace tend to multiply every
day. They range from cybercrime to
cyberwarfare, which affect national and
international security, and put the skills
of the best experts to the test. Beside
those problems, our personal concerns
are minuscule and petty. They may not
even threaten our civil liberties as the
provisions on libel in our suspended
cybercrime law. But they must affect
countless users of the Internet. They
certainly affect me. I am sure I am not
alone in hoping that those trying to craft
some amendments to the cybercrime
law would not fail to deal with this issue
permanently.
But lets talk a little bit more about
the new cybercrime law.
Reacting to an earlier piece I wrote
on the subject, an old friend has written
from Santiago, Chile to suggest greater
calm and deliberation in approaching
the highly controversial cybercrime law.
Former ambassador Rodolfo Arizala,
one of our ner diplomats who retired
from the service in 1998 and now lives
in Santiago, recalls that 12 years ago, in
an article he wrote for the (Philippine)
Lawyers Review, he raised the basic
question, should the use of the Internet
be regulated by law?
He noted that in the United Kingdom,
they tried to regulate the use of the
Internet but without claiming jurisdiction
outside the national frontiers. In
France, the Prime Minister designated
a Member of Parliament to study the
peculiar characteristics of the beast.
In Spain, they promulgated a sort of
Decalogue on the rights and obligations
of Internet users. In the United States, a
law penalized indecency on the Internet,
but this provoked a storm among
Internet users, and had to be suspended
by a Federal Court. In Chile, Internet
users tried to regulate themselves.
His conclusion was that despite
the numerous challenges posed by
the Internet to individuals, the family
and the state, it was not clear whether
regulating its use by law would bring
about less problems than what were
sought to be avoided. But that was 12
years ago. Now it remains to be seen
whether the new cybercrime law would
solve anything or simply magnify the
problems for you and me.
fstatad@gmail.com
EMIL
P. JURADO
TO THE POINT
FRANCISCO S.
TATAD
FIRST THINGS FIRST
Combative Obama nds subdued Romney
By Ben Feller
AP White House Correspondent
WASHINGTONPresident Barack
Obama came ready Monday for a ghting
nish, deriding Republican rival Mitt
Romney as reckless and overmatched in
world affairs. Instead he found a subdued
challenger who was eager to agree
and determined to show he was not a
warmonger.
Romney starkly moderated his tone
and his approach in the closing debate.
Playing it safe, he tried not to unnerve
undecided voters who are wary of another
US-led war, or to upend a race that remains
remarkably tight with two weeks to go.
No moment was more telling than
when Romney had a clear opening to
respond to Obamas lecture that he was
wrong and irresponsible on foreign
affairs. He responded by giving his ve-
point plan for xing the economy, leading
to a bizarre exchange that took the debate
wildly off topic.
It showed how much the commander
in chief was in his comfort zone, while the
challenger regretted that he was not in his.
The last debate turned into a mirror
of the rst one on Oct. 3, when Romney
had been the aggressor and Obama was
intent not to ercely challenge him.
Even in trying to outline differences with
Obama, Romney often started by agreeing
with him. Suddenly, it was Romney
the Republican who was talking about
supporting economies abroad, while
Obama the Democrat warned against
nation-building.
From drones to Afghanistan to Syria,
Romney and Obama spoke in agreement
on goals, if not strategy.
The presidents biggest vulnerability
last months deadly assault on the US
Consulate in Benghazi, Libya, and all
the unanswered questions that surround
itbarely surfaced. Romney seemed to
pass on the opportunity to assail Obamas
leadership and shifting messages on the
attack.
Obama accomplished portraying
himself as a world leader, facing a former
governor who he said had offered positions
that sent a mixed, and unsettling, message
to allies and the American people.
He did so at times mockingly, but faced
little re in return.
I know you havent been in a position
to actually execute foreign policy, but
every time youve offered an opinion,
youve been wrong, Obama told Romney.
He needled Romney the businessman
for complaining that todays Navy is
smaller now than at any time since 1917,
trying to hold Romney up as ignorant and
unt for the job.
Well, governor, we also have fewer
horses and bayonets because the nature
of our militarys changed. We have these
things called aircraft carriers, where
planes land on them.
Romneys clearest points were to try to
turn Obamas most aggressive moments
against him, and to outline a more
comprehensive strategy for combatting
the extremism that has roiled the Middle
East and North Africa. Even then, his tone
stood out. Politely.
Well, of course I dont concur with
what the president said about my own
record and the things that Ive said, he
said. They dont happen to be accurate.
... Attacking me is not an agenda.
With the race extremely tight and
several states hanging in the balance,
Romney sought to show he was reassuring,
poised and in essence, presidential.
Yet he seemed to lose some of the edge
that gave his campaign a bump in the rst
debate.
Trying to capitalize on the mood of
voters, Obama has campaigned as the
leader who ends the wars, not the guy who
begins new ones. Romney tried to combat
that by saying, for example, that he
would not get the United States involved
militarily in Syria even though he wants to
nd a way to arm the opposition.
Yet millions of viewers at home were
often left to discern exactly how much
Romney and Obama differ in a world of
diplomacy that is enormously difcult and
nuanced.
Before the debate, Romney aides said
they believed viewers would, above all,
be looking for Romney to demonstrate
leadership and condence. His answers
often appeared driven to show he
understand the regions, players and
challenges at play instead of undermining
the presidents positions on them.
The moderate Romney was dominant.
On Afghanistan, for example, Romney
said he also would bring US troops home
by 2014. Often, though, Romney would
agree in principle before saying he would
have executed differently.
Romney congratulated the president on
killing Osama bin Laden, for example, but
then said, We cant kill our way out of
this mess. He agreed that sanctions were
hurting Iran, but then said he would have
initiated them sooner than Obama did.
Romney also said he agreed with Obamas
decision to stop supporting Egyptian
leader Hosni MubarakI supported
(Obamas) action there but said he
would have been more aggressive in
trying to encourage democracy.
After a whole year in which foreign
affairs has been the undercard of the
campaign ght, it got its moment with the
stakes right where they should be high.
The presidency is about the world even
during inward-looking times. Currency
standoffs with China, nuclear showdowns
with Iran and military tensions around the
globe affect the economy and security of
the United States.
The debate season ended with
Romney looking like he wanted to get
off the stage and back on the economy.
That, ultimately, is where this election
will be settled. AP
I WRITE this column as I watch the
third and nal debate between United
States President Barack Obama and
his Republican challenger, Gov. Mitt
Romney. They are debating on American
foreign policy. It is interesting to see both
men defending their positions on different
world issues, from Israel to Iran, Syria
and Libya, Pakistan and Afghanistan,
China and the European Union. It is the
third and nal debate before Americans
vote on November 6.
The second debate, done in town-hall
style last week, was also engaging. The
format allowed ordinary, undecided (on
whom to vote for) Americans to pose
their own questions to the candidates.
A college student asked how both men
could assure him of gainful employment
upon his graduation. Another member
of the audience asked about tax rates
for the rich and for the middle class. Yet
another inquired what the future holds
for immigrants legal or otherwise. The
questions were at the same time personal
and far-reaching. There were tense
moments between the two candidates
especially when one attributed something
to the other, to which the other did not
agree.
But I am not writing about the debates
per se. Let the experts do that. I was
moved to write, instead, about my envy of
American voters, who are presented with
legitimate arguments for them to make
sound decisions.
Candidate A stands for this and is
opposed to this. Candidate B does not like
this but is pushing for this. There have
real positions on real issueshealth care,
jobs, tax rates, China. Take your pick.
Of course, personalities matter. One
is a middle-class African American
while another is a former hotshot
businessman. Still, they are not elected
into ofce by their mere personality.
They dont articulate motherhood
statements that make everybody feel
good only to say they would work out
the details later.
Debates are sober events where
matters of consequence are discussed
in earnest. Contrary opinion is not shot
down but welcomed. Sure, there are
verbal tussles, but nothing crass. Neither
works to personally take down the other.
Candidates, in their knowledge of the
issues, do not alienate the voters but
make them relate to the big words being
discussed.
These candidates respect the people
who put them into ofce.
This, to me, is a dream for us
Filipinos. Next year is an election year
and already we have seen how the ling
of the certicates of candidacy has
become a circus. The Commission on
Elections has to take time off its already
tight schedule to weed out bogus
organizations that make a mockery of
the good intentions of the party-list
system. Imagine appointing yourself
leader of a group of guards when you
are not even a guard yourself!
Who are the people who vie for
our votes? They are household names,
all right, because we have become so
accustomed to voting for the candidate
whose last name is familiar to us. We
immediately conclude that since they
(or their families) have been at it for
yearsgenerations eventhey know
better. No wonder it has led to a culture
of entitlement among families in power.
What was it they said?its not a dynasty
but a history of public service. Or, horrors,
its destiny!
Sobriety is not an election buzz word
around these parts. Campaign season
means colorful posters and song-and-
dance numbers (must be difcult to
learn that Korean dance step). Yes, epal-
watchers notwithstanding. Candidates
take us voters for fools.
Then again, whose fault is it? We
keep voting for them anyway. It seems
funny thus when we complain how our
politicians act in ways unbecoming of
their ofce.
In the end, the problem is that not
every voter is motivated by a desire
to be circumspect. Many times, out of
necessity, minds are made up with the
help of a bag of groceries, a few words of
sympathy or a familiar face from the tv or
movie screen. Sometimes, we just put the
name thats most convenient. Why do you
think many party-list organizations begin
with A?
This will take generations to correct.
Sigh.
***
Three signicant historical events are
marking their 70
th
anniversary this year:
Araw ng Kagitingan, Heroism in Bataan
and Valor in Corregidor. In this regard,
the Defenders of Bataan and Corregidor,
Inc. together with the Philippine Veterans
Affairs Ofce, will recognize selected
war veterans for their gallantry in action
and exceptional courage in combat,
among others. Ten living honorees and
another ten posthumous awardees will be
cited in ceremonies at 5:30 this afternoon,
October 24, at the AFP Theater, Camp
Aguinaldo.
PVAO will also launch commemorative
stamps during the occasion. A concert
featuring Broadway and classical music
called A Grand Night for Singing: A
Tribute to the Filipino Veteran will
follow.
Inquiries may be directed to Jet
Fajardo-Rivera, PVAO Public Affairs
Ofcer, at 912-4526 or 0922-8850637.
adellechua@gmail.com
ADELLE
CHUA
CHASING HAPPY
President
Aquino
capitalizes on
his predecessors
predicament for a
few laughs.
ANALYSIS
Page Compositor: Diana Keyser Punzalan
ManilaStandardTODAY A6 | WEDNESDAY, OCTOBER 24 2012
SEC MEMORANDUM CIRCULAR NO. _10__
Series of 2012
SUBJECT: RULES AND REGULATIONS ON EXCHANGE TRADED
FUNDS
WHEREAS, Republic Act No. 2629, otherwise known as the Investment
Company Act (ICA), has been enacted to mitigate, if not eliminate the
unfavorable conditions and harmful practices in investment companies that
adversely affect the national public interest and the interest of investors;
WHEREAS, the ICA prescribes the regulation of investment companies
and requires them to register as such investment companies with the Securities
and Exchange Commission (Commission) and to comply with certain
standards including, among others, the regular public disclosure of fnancial
situation, investment policies and objectives, and their fund portfolios as well
as their pricing and fees.
WHEREAS, the ICA grants authority to the Commission to issue from time
to time rules and regulations and orders as are necessary or appropriate to
exercise its powers under the ICA;
WHEREAS, the ICA enables the Commission as part of its rule-making
power to issue rules and regulations defning accounting, technical and trade
terms and prescribing the form or forms in which information required in
registration statements, applications, and reports to the Commission shall
be set forth;
WHEREAS, under the ICA, the Commission shall have the power to
classify persons, securities and other matters within its jurisdiction and
prescribe different requirements for different classes of persons, securities,
or matters;
WHEREAS, the Commission determines that a new investment product
known as exchange traded fund (ETF) is a type of open-end investment
company whose operation differs signifcantly from the more common type of
open-end investment company popularly known as mutual fund;
WHEREAS, there is a need to classify ETF as a type of open-end
investment company having distinct characteristics making necessary the
promulgation of these rules and regulations, among others, on the issuance
and redemption as well as trading and settlement of ETF shares to ensure
that the objectives of ICA are met as well as accommodate the distinct
characteristics of ETF;
WHEREAS, ETF shares are required to be registered pursuant to the
requirements of Sections 8 and 12 of the Securities Regulation Code (SRC)
and the trading thereof shall be governed by the pertinent provisions of the
SRC;
WHEREAS, under the SRC, the Commission may by rule or order,
conditionally or unconditionally exempt any person, security or transaction,
or class or classes of persons, securities or transactions from any provision
of the said laws;
NOW, THEREFORE, the Commission hereby issues and promulgates the
following rules and regulations governing Exchange Traded Funds as well as
the transactions, persons and all other activities and practices involved therein.
SECTION 1- Title of Rules and Regulations
These Rules and Regulations shall be entitled as the Rules and
Regulations on Exchange Traded Funds.
SECTION 2- Interpretation of Rules
Any doubt in the interpretation of these Rules and Regulations shall be
resolved by the Commission in a manner which would establish a socially
conscious free market that regulates itself, encourage the widest participation
of ownership in enterprises, enhance the democratization of wealth, promote
the development of the capital market, protect investors and ensure full and
timely disclosure of material information.
SECTION 3 Coverage
These Rules and Regulations shall apply only to passively-managed
ETFs. Amendments to these may be accordingly introduced to address
issues such as but not limited to those affecting other forms of ETF, including
actively-managed ETFs, upon determination by the Commission that such
other forms of ETF are necessary for the development of the capital market.
SECTION 4 Exchange Traded Fund
An Exchange Traded Fund or ETF is an open-end investment company
that continuously issues and redeems its shares of stock in creation unit in
exchange for delivery of a basket of securities representing an index whose
performance the ETF endeavors to track; provided that, the terms and
conditions relative to the issuance and redemption in creation unit shall be
prescribed and disclosed in its Registration Statement.
SECTION 5 Defnition of Terms Used in the Rules and
Regulations
When used herein, unless the context otherwise requires:
1. Act means the Investment Company Act, Republic Act 2629.
2. Actively-Managed ETF is an ETF that uses the services of a portfolio
manager or certain mathematical model to actively select the securities
to be included in an investment portfolio and make strategic changes in
that portfolio within the framework of the fund.
3. Authorized Participant is a registered broker-dealer that entered into
a participating agreement or any similar arrangement with the ETF,
and participates in the creation and redemption of shares in the ETF in
accordance with the terms provided under the agreement between the
Authorized Participant and the ETF.
4. Arbitrage, for purposes of the ETF, is the practice of the Authorized
Participant to cause the creation of more ETF shares for sale in the
secondary market, or to purchase ETF shares in the secondary market
for redemption, in order to take advantage of the price differential of the
ETFs Net Asset Value per share (NAVps) and the market price.
5. Basket of securities is the bundle of securities whose names and
numbers are specifed each business day by an ETF, in exchange
for which, the ETF will issue, or in return for which it will redeem ETF
shares; provided that the ETF may allow cash to be a part of the basket
in accordance with the pertinent provisions of these Rules.
6. Index is a single number that is calculated based on known methodology
and is used to gauge the price and/or volume movements of a list of
selected securities traded in an Exchange.
7. Commission refers to the Securities and Exchange Commission.
8. Creation Unit is the smallest block of ETF shares that can be created or
redeemed by an Authorized Participant from the ETF as prescribed and
disclosed in the Registration Statement.
9. Custodian is an entity that performs the functions and meets the
requirements under Section 17 of these Rules.
10. Exchange is an organized marketplace or facility that brings together
buyers and sellers and executes trades of securities and/or commodities.
11. Exchange traded fund share or ETF share is an equity security issued
by an ETF.
12. Index Provider is a person that performs the functions and meets the
requirements under Section 14 of these Rules.
13. Indicative Net Asset Value (INAV) is an approximation of the current
value of the basket of securities on a per share basis computed at a
ffteen (15)- second interval throughout the trading hours of the Exchange.
14. Market Maker is an Authorized Participant that assumes the obligation
of providing two-way quotes following the rules of the Exchange and the
Commission for the purpose of ensuring liquidity and of maintaining a
fair and orderly trading market to the ETF shares.
15. Net Asset Value (NAV) is the aggregate value of a fund as determined
by the market value of its underlying securities holdings, including any
cash in the portfolio less liabilities, computed at the close of the trading
hours of the Exchange.
16. NAVps or Net Asset Value per Share is the computed NAV on a per
share basis. It is calculated by dividing an ETFs total net assets by its
number of shares outstanding.
17. Passively-managed ETF is an index fund that tracks a specifc
benchmark and any changes thereto.
18. Rules shall refer to these Rules and Regulations on Exchange Traded
Funds.
19. Secondary market is the market where previously issued ETF shares
are bought and sold.
20. SRC refers to the Securities Regulation Code, Republic Act 8799.
21. Tracking error is the standard deviation of the difference in relative
returns between the ETF and its underlying index.
Unless otherwise specifcally provided, the terms used in these Rules
shall have the same meaning as defned in the Act.
SECTION 6 Incorporation and Registration of the ETF
6.1 No person shall create and operate an ETF unless the latter is
registered as such ETF in accordance with the Act and its implementing rules
and regulations.
6.2 Minimum Requirements:
An ETF applying for incorporation with this Commission shall comply
with the following requirements:
Republic of the Philippines
Securities and Exchange Commission
SEC Building, EDSA, Greenhills, Mandaluyong City
A) The name of the corporation shall contain the words Exchange
Traded Fund or ETF;
B) The purpose clause of the Articles of Incorporation shall provide that
the corporation shall engage in the business of investing, reinvesting
or trading in securities and shall issue and redeem its shares of stock
in a defned creation unit in exchange for delivery of a basket of
securities representing an index;
C) All members of the Board of Directors shall be Filipino citizens;
D) It shall have a minimum paid up capital of Two Hundred Fifty Million
Pesos (Php 250,000,000.00);
E) All shares of its capital stock shall be common, voting and, in general,
redeemable in creation unit in accordance with the terms and
conditions prescribed and disclosed in the Registration Statement;
and,
F) The pre-emptive right of stockholders to all issues or disposition of
shares in proportion to their respective shareholdings shall be denied
in the Articles of Incorporation of the ETF.
SECTION 7 Registration of ETF Shares under the SRC
7.1 No person shall sell or offer for sale or distribute the shares of stock of
an ETF unless such shares of stock have been registered in accordance with
the requirements of the SRC.
7.2 No shares of stock of an ETF shall be registered pursuant to the SRC
unless the assets of the corporation shall be primarily in baskets of securities
comprising the index that it represents to track.
7.3 Relative to the above requirements:
A. An ETF shall fle a Registration Statement (RS) using SEC Form 12-1
ETF signed by the principal executive offcer or offcers, its principal
fnancial offcer, its comptroller or principal accounting offcer, and the
majority of its board of directors or persons performing similar functions;
B. Shelf Registration
Securities covered by an effective RS may continue to be offered or sold
under the same terms and conditions within three (3) years from the
effective date.
If the remaining registered but unsold securities shall be offered after
the 3-year period mentioned in the immediately preceding paragraph,
the registrant shall comply with the following requirements:
1. At least fve (5) business days prior to the offering or sale of
the securities, it shall inform the Commission in writing, through
a prescribed format, the material changes, if any, in the RS
previously rendered effective by the Commission; and,
2. Pay a fee in such amount as the Commission may determine for
the subsequent sale of securities within seven (7) business days
prior to the commencement of the sale.
7.4 Nothing herein shall preclude the Commission from requiring other
information that it may deem consistent with public interest.
7.5 Investment of the Fund:
A. Investment Objective and Policy. An ETF shall explicitly state in the RS
its investment objective and policy.
B. Changes in Investment Objective and Policy. Any change in the
investment objective and policy shall be made in accordance with ICA.
A rebalancing of the index or change in its composition shall not be
construed as a change in the investment policy of ETF.
C. Investment Limitations. An ETF shall not be subject to the maximum or
minimum investment limitations provided under ICA Rule 35-1.
D. Liquidity Requirements. An ETF shall not be subject to the liquidity
requirements provided under ICA Rule 35-1.
SECTION 8 Liquidity of the ETF Shares and the Underlying
Securities
An ETF applying for the registration of its shares of stocks shall be able to
demonstrate to the satisfaction of the Commission that there shall be proper
price formation in a secondary market for said shares by ensuring that:
1. the shares of stock of ETF shall be listed and traded in a registered
Exchange;
2. At least two (2) Authorized Participants shall be appointed by the ETF,
provided that at least one (1) of them shall act as market maker;
3. The underlying securities comprising the index are listed and traded in a
registered Exchange and have suffcient liquidity; provided, that securities
that are part of the main index of the Exchange shall be deemed to have
suffcient liquidity; provided further, that the Exchange has considered
liquidity as a criterion in the selection of securities for inclusion in the index,
provided fnally, that the ETF may provide for its own liquidity criteria and
methodology which shall be disclosed in its RS;
4. The NAV and the NAVps shall be calculated daily after the trading in the
Exchange closes. It shall be made available to the investing public by
publishing it in the Exchange website and on the website of the ETF or
such other location as may be approved by the Commission.
5. The INAV per share shall be calculated and published every ffteen
(15) seconds or such other frequency as may be prescribed by the
Commission from time to time or as proposed by the Exchange in its
rules and approved by the Commission. It shall be made available to the
investing public by publishing it in the Exchange board and website and
on the website of the ETF or such other location as may be approved
by the Commission.
SECTION 9 - Offering of the ETF shares
9.1 An ETF shall sell or offer for sale its shares of stock in any of the
following manner:
1. An offer for sale to its designated Authorized Participants, provided,
that the latter shall sell the ETF shares through the Exchange; and,
2. Such other method as may be prescribed herein by the Commission.
9.2 The manner of offering shall be fully provided for in the RS.
SECTION 10 - Listing of the ETF shares in an Exchange
Notwithstanding Section 9 of these Rules, no Exchange shall accept
the listing of the shares of stock of an ETF unless said shares have been
registered under the SRC.
SECTION 11 - In-Kind Issuance and Redemption of ETF Shares
11.1 As a general rule, shares of stock of an ETF shall be issued
only upon delivery by the Authorized Participant of the basket of securities
underlying an index, or redeemed, by delivering to the Authorized Participant
the basket of securities after surrender of the ETF shares.
11.2 In relation to the issuance and redemption of ETF shares, the ETF
shall disclose in its RS the following:
1. The terms and conditions for the in-kind issuance and redemption of
ETF shares shall include among others, the valuation methodology,
the price, timing, and procedures thereof;
2. Instructions to issue or redeem ETF shares in creation unit or multiples
thereof shall be in writing;
3. Only an Authorized Participant shall be allowed to submit said
issuance and redemption instructions to the ETF, provided that, any
person who has accumulated the basket of securities comprising the
index or the ETF shares equivalent to a creation unit may cause the
Authorized Participant to present said basket of securities or ETF
shares for issuance or redemption on his behalf; and,
4. The ETF shall prescribe the terms and conditions for the redemption of
shares accumulated by an investor through the Authorized Participant,
including the general manner by which such redemption shall be
implemented. The more detailed procedures shall be agreed upon
between the ETF and the Authorized Participant and stipulated in the
written agreement between the two and disclosed to the investors.
11.2 Notwithstanding the foregoing paragraphs, an ETF may accept cash
to account for the fractional value of the portfolio of underlying securities.
Section 12 - Issuance of ETF Shares in Exchange for Cash
In exceptional cases, an ETF may allow the issuance of ETF shares in
exchange for cash subject to the following conditions:
1. This option, when exercised, is not prejudicial to the interest of existing
shareholders and will not result in the disruption of an orderly market;
2. Any expenses or fees that are incurred in relation to such issuance
shall be for the account of the person/investor causing such issuance;
3. Such an option is prescribed in the RS, including the exceptional
cases under which said option may be exercised;
4. Only Authorized Participants, for their own accounts, are allowed to
exercise such option;
5. The ETF shall purchase fully the underlying securities within the period
prescribed in the RS;
6. The ETF shall fully record the exercise of such option and shall make
said record available to the Exchange and the Commission upon
request; and,
7. The Commission reserves the right to disallow the exercise of said
option after determining that the in-cash arrangement is not consistent
with the interest of the public, the protection of investors and/or the
conduct of an orderly market.
Section 13 Direct Redemption
Subject to the approval of the Commission, an ETF may provide for a
direct redemption mechanism for the secondary market investors in exceptional
circumstances such as, but not limited to:
i. when an ETF is delisted;
ii. when the secondary trading of ETF shares is disrupted over an
extended period; or
iii. when the market price of the ETF shares varies signifcantly from
NAVps.
The threshold for said price variation and such other market circumstances
as well as the manner and procedure for Direct Redemption shall be stated
in the RS.
Section 14 - Index and the Index Provider
14.1 An ETF shall have entered into an agreement with an Index
Provider before using the index designed, constructed and calculated by
said Index Provider.
14.2 An ETF shall identify and fully describe the index that it plans to
track and the provider of said index.
14.3 An ETF shall not be allowed to select or use indices whose
rebalancing frequency is less than six (6) month period.
14.4 An ETF shall provide in its RS, among others, the following
information:
1. Initial composition of the index and the corresponding weights;
2. Methodology used in the selection of the securities comprising the
index and the rationale thereto;
3. Methodology used in the calculation of the index and the rationale
thereto;
4. Name and brief educational and professional background of the
owners, directors, offcers and persons directly responsible for the
design and review of the index; and,
5. Other indices designed, constructed and calculated by the index
provider, current and for the last fve (5) years, if any.
14.5 An ETF shall immediately disclose in a current report any change
in the above-stated items and in accordance with the requirements of Section
17 of the SRC.
14.6 An ETF shall also accordingly disclose the information required
under Section 23 hereof on Transparency of Index and Portfolio Holdings.
14.7 An ETF and its Index Provider shall disclose the anticipated level
of tracking error in normal market conditions and the description of factors
that may affect the ability of the ETF to track the performance of the index.
The ETF and its Index Provider shall also disclose the size of the tracking
error in the annual and quarterly reports together with an explanation of any
divergence between the anticipated and realized tracking error for the period.
14.8 An ETF and its Index Provider shall adopt measures reasonably
designed to prevent misuse of non-public information between the ETF and
the affliated Index Provider.
Section 15 Appointment of Fund Manager

15.1 An ETF shall appoint a reputable Fund Manager who shall register
as Investment Company Adviser in accordance with the requirements of the
ICA.
15.2 Majority of the directors and offcers of the fund management
company shall have a track record of at least fve (5) years in managing
funds.
15.3 The Fund Manager shall operate and administer the ETF in
accordance with all the agreements that it entered into with the ETF and
in compliance with the provisions and requirements of ICA, SRC, and
Corporation Code and their implementing rules and regulations, including
these rules, circulars, orders, and terms and conditions prescribed by the
Commission.
15.4 Responsibilities of a Fund Manager. The duties and responsibilities
of a Fund Manager shall include but not limited to the following:
(a) perform its duties and responsibilities with due skill, care and diligence
that a good father of a family would exercise in the position of being
a Fund Manager;
(b) uphold the best interests of shareholders in any of its acts at all times and
shall avoid confict of interest situations; if unavoidable, a disclosure shall
be promptly made to the ETF board of directors; in any case, the ETF
shall act accordingly to protect the shareholders interests;
(c) act honestly and fairly in managing the fund to the best and exclusive
interest of the ETF and its shareholders;
(d) not misappropriate information acquired as Fund Manager to gain an
advantage for itself or for other person;
(e) ensure the segregation of the ETF assets and other properties from
those of its own account, physically and in the relevant records, by
clearly and properly identifying and labeling the said assets and
properties;
(f) have suffi ci ent resources, i ncl udi ng competent manpower
complement, and proper systems, procedures and processes to
effectively and effciently perform its business activities and its duties
and responsibilities, and to ably supervise and ensure compliance
with the regulatory requirements and other obligations;
(g) comply with all the regulatory requirements and any other obligations
set forth in all the agreements and arrangements that it entered into
as Fund Manager;
(h) not to perform activities that shall cause harm to the ETF and its
shareholders.
The abovementioned duties and responsibilities shall also be imposed on
the directors, offcers and staff of the Fund Manager.
15.5 Oversight Responsibility of ETF over the acts of Fund Manager. An
ETF, on its behalf, may authorize a Fund Manager to appoint and enter into
agreement with other parties necessary in the operation of an ETF. However,
the ETF shall still perform oversight responsibility over such appointment
and shall undertake the necessary measures if, upon proper fnding, the
appointment of a party to an ETF, is not in the interest of the ETF shareholders.
Section 16 Appointment of Authorized Participant
16.1 An ETF or its appointed Fund Manager shall appoint at least two (2)
Authorized Participants (APs) which shall directly participate in the issuance
and redemption of ETF shares, for its own accounts or for the account of
other persons, and which shall deal with investors in the distribution and
secondary trading of the ETF shares.
16.2 An ETF or its appointed Fund Manager shall ensure that before it
enters into an agreement with an AP, it shall have determined that said AP
meets the following requirements:
1. It is a registered broker-dealer and an authorized trading participant
of an Exchange;
2. It has adequate resources, including competent staff, and appropriate
systems, procedures and processes to execute transactions in ETF
shares in a proper and effcient manner;
3. It adopts adequate and effective internal control procedures, including
the necessary measures to maintain independence of its different
offce units, and satisfactory risk management procedures; and,
4. It has entered into a formal written agreement with the ETF or the
appointed Fund Manager which specifes, among others, its duties
and responsibilities as such AP.
16.3 In case of an AP handling more than one exchange traded fund,
the ETF, before appointing the AP, shall have identifed areas that may give
rise to confict of interest issues to the AP and have discussed and provided
measures to avoid, if not eliminate, such confict.
16.4 An AP shall perform such additional duties and responsibilities,
including acting as a market maker, in accordance with the agreement with
the ETF, the rules of the Exchange and those of the Commission.
Section 17 Appointment of Custodian
17.1 An ETF or its appointed Fund Manager shall appoint a qualifed
Custodian which shall take custody and control of the ETF assets and
properties. The Custodian shall cause the release of said assets upon the
proper instruction of the ETF or its Fund Manager.
17.2 An ETF or its appointed Fund Manager shall ensure that before it
enters into an agreement with a Custodian, it shall have determined that said
Custodian meets the following requirements:
1. It is either a registered universal or commercial bank with trust license,
or a non-bank entity with a trust license, or a registered securities depository;
2. It has adequate resources, including competent staff, and
appropriate systems, procedures and processes to ensure that the ETF
assets and properties are held in the following manner:
a. Clearly identifed and properly labeled as assets and properties of
the ETF;
b. ETF assets and properties are properly segregated physically and/
or on the records of the Custodian;
c. Unless otherwise authorized in writing by the Commission upon
proper application, the assets and properties are registered in the
name of or for the account of the ETF;
DePaRtment of Public WoRks anD HigHWays
Regional Offce No. IV-A
eDsa, Quezon city
(MST-Oct. 24, 2012)
i nvi t at i on t o Bi d
the Department .of Public Works and Highways (DPWH), Regional Offce
No. IV-A, through the FY 2013, DPWH Infrastructure Program (based on
NEP) intends to apply the sum of Ninety Three Million One Hundred Twenty
Thousand Pesos (P 93,120,000.00) to payments under the contract for Contract
ID No. 12-D0-0041: Road Upgrading of San Francisco-San Andres-San
Narciso Road, Quezon Province, Sta. 392+209.00 - Sta. 396+049.00. Bids
received in excess of the ABC shall be automatically rejected at bid. opening.
the Department of Public Works and Highways (DPWH), Regional Offce
No. IV-A now invites bids for the Contract ID ND. 12-D0-0041: Road Upgrading
of San Francisca-San Andres-San Narciso Road, Quezon Province, Sta.
392+209.00 - Sta. 396+049.00. completion of the Works is required in 225
calendar days. Bidders must have an experience of having completed at least
one (1) contract similar to the Project. The description of an eligible bidder is
contained in the Bidding Documents, particularly in Section II. Instruction to
Bidders.
bidding will be conducted through open competitive bidding procedures using
nondiscretionary pass/fail criterion as specifed in the Implementing Rules and
Regulations (IRR) of Republic Act 9184 (R.A. 9184), otherwise known as the
Government Procurement Reform Act.
bidding is restricted to filipino citizens/sole proprietorships, partnerships, or
organizations with at least seventy fve percent (75%) interest or outstanding
capital stock belonging to citizens of the Philippines.
interested bidders may obtain further information from DPWH, Regional Offce
No.IV-BAC Secretariat Offce, EDSA, Quezon City, and inspect the bidding
Documents at the address given below from 8:00 A.M.-5:00 P.M.
a complete set of bidding Documents may be purchased by interested bidders
from the address below and upon payment of a non-refundable fee for the Bidding
Documents in the amount of Fifty Thousand Pesos (P50,000.00).
it may also be downloaded free of charge from the website of the Philippine
government electronic Procurement system (PhilgePs) and the website of the
DPWH, provided that bidders shall pay the fee for the bidding Documents not
later that the submission of their bids.
The DPWH, Regional Offce No. IV-A will hold a Pre-Bi d Conference on
November 6, 2012 at 10:00 A.M. in the DPWH Region IV-A Conference Room,
which shall be open to all interested parties.
bids must have delivered to the address below on November 19, 2012 until
2:00 P.M. all bids must be accompanied by a bid security in any of the acceptable
forms and in the amount stated In ITB Clause 18.
bids will be opened in the presence of the bidders representative who choose
to attend at the address below. Late bids shall not be accepted.
the DPWH reserves the right to accept or reject any bid, to annul the bidding
process, and to reject all bids at any time prior to contract award, without thereby
incurring any liability to the affected bidder or bidders.
for further information, please refer to:
ARD ROBERTO R. BERNARDO, CESO IV
bac chairman
Attention:
Head, BAC Secretariat
DPWH, Region IV-A
eDsa, Quezon city
Tel. No. 4 8 1 0~2 77
approved by:
(Sgd.) ROBERTO R. BERNARDO, CESO IV
assistant Regional Director
Offcer-in-Charge
chairman, bids awards committee
(MST-Oct. 24, 2012)
Department of Public Works and Highways
Region iii
Nueva Ecija 2
nd
District Engineering Offce
office of tHe DistRict engineeR
san isidro, cabanatuan city
INVITATION TO BID
Rehab./Reconst./Upgrading of Damaged Paved National Road along
Cabanatuan City Circumferential Road, Cabanatuan City
Km. 113+575-Km. 113+902.36 w/ exception (259.51 LM) &
Km. 113+902.36 Km. 115+491.80 w/ exc. (1,612.34)
Contract ID No. 12-CF-0104.
1. The DPWH-NE2ndDEO, through the FY 2013 DPWH Infrastructure Program
intends to apply the sum of P 16,620,963.06 being the approved budget for the
contract (abc) to payments under the contract for Rehab./Reconst./Upgrading
of Damaged Paved National Road along Cabanatuan City Circumferential
Road, Cabanatuan City Km. 113+575-Km. 113+902.36 w/ exception (259.51
LM) & Km. 113+902.36 Km. 115+491.80 w/ exc. (1,612.34), Contract ID No.
12-CF-0104 bids received in excess of the abc shall be automatically rejected
at bid opening.
2. The DPWH-NE2ndDEO now invites bids for Rehab./Reconst./Upgrading of
Damaged Paved National Road along Cabanatuan City Circumferential
Road, Cabanatuan City Km. 113+575-Km. 113+902.36 w/ exception (259.51
LM) & Km. 113+902.36 Km. 115+491.80 w/ exc. (1,612.34), Contract ID No.
12-CF-0104 Works includes Reblocking. Completion of the Works is 80 cal. days.
Bidders should have completed, within ten (10) years from the date of submission
and receipt of bids, a single contract similar to the Project, equivalent to at least
ffty percent (50%) of the ABC.
3. Bidding will be conducted through open competitive bidding procedures using
Regulations (iRR) of Republic act 9184 (Ra 9184), otherwise known as the
bidding is restricted to filipino citizens/sole proprietorships, partnerships, or
stock belonging to citizens of the Philippines.
4. Contractors/applicants who are interested in the DPWH civil works are required to
register prior to the set schedule of submission of bid while those already registered
shall keep their records current and updated. Contractor Profle Eligibility Process
(CPEP) and subject to further post-qualifcation. Information on registration can
be obtained at DPWH website www.dpwh.gov.ph or Central Procurement Offce
(CPO), 5th Floor, DPWH Bldg., Bonifacio Drive, Port Area, Manila from 8:00 A.M.
to 5:00 P.M.
5. Interested bidders may obtain further information from DPWH-NE2ndDEO and
inspect the Bidding Documents at the address given below from 8:00 A.M.
5:00 P.M.. Monday to Friday.
6. A complete set of Bidding Documents may be purchased by interested Bidders
from the address below and upon payment of non-refundable fee for the Bidding
Documents in the amount of Ten Thousand Pesos (P10,000.00).
it may also be downloaded free of charge from the website of the Philippine government
electronic Procurement system (PhilgePs) and the DPWH Website www.dpwh.
gov.ph, provided that bidders shall pay the fee for the bidding Documents not
later than the submission of their bids.
Payments can be made at any DPWH feld offce. The submission of the Original
Receipt (OR) for payments of bidding documents issued by any DPWH feld offce
is suffcient for the BAC of this District Offce to process the electronic eligibility
evaluation of contractors.
7. The DPWH-NE2ndDEO will hold a Pre-Bid Conference on October 31, 2012,
10:00 A.M. at the BAC ROOM,DPWH, Nueva Ecija 2
nd
District Engineering
Offce, Brgy. San Isidro,Cabanatuan City which shall be opened only to all
interested parties who have purchased the Bidding Documents.
8. Bids must be delivered to the address below on or before November 14, 2012,
10:00 A.M. at the BAC ROOM, this offce. All bids must be accompanied by a bid
security in any of the acceptable forms and in the amount stated in itb Clause
18.1.
bids will be opened in the presence of the bidders representatives who choose to
attend at the address below. Late bids shall not be accepted.
9. The DPWH NE2ndDEO reserves the right to accept or reject any bid, to annul
the bidding process, and to reject all bids at any time prior to contract award,
without thereby incurring any liability to the affected bidder or bidders.
10. For further information, please refer to:
(Sgd.) LEOPOLDO T. VICTORIO
chief construction section
BAC-Chairman, DPWH NE2ndDEO
san isidro, cabanatuan city nueva ecija
(044) 600-3281; (044)600-1481
noted :
(Sgd.) ULYSSES C. LLADO
District engineer
1. The Department of Education, Region IV-A, through its Bids and
awards committee (bac) now invites bids for the catering service
to the Regional accrediation and training for school sports
Offciating Offcials to be held at Tanza national Comprehensive
High School on November 12 to 16, 2012. Bids received in
excess of the ABC shall be automatically rejected at bid opening.
November 12 to 16, 2012 - three (3) meals and two (2) snacks
850 pax x 400.00 x 5 days = Php 1,700,000.00
2. Bidding will bo conducted through open competitive bidding
procedures using a non discretionary pass/fail criterion as
specifed in the Implementing Rules and Regulations (IRR) of
Republic act (Ra) 9184, otherwise known as the government
Procurement Reform Act.
3. Bidding is open to ail interested bidders, whether local or foreign,
subject to the conditions for eligibility provided in the iRR of Ra
9184.
4. Interested bidders may obtain further information from the
Department of Education Region IV-A and Inspect the Bidding
Documents at the address given below during monday to friday
from 8:00 to 4:00 p.m
a complete set of bidding Documents may be purchased by
interested Bidders on October 16, 2012 from the address below
and upon payment of a nonrefundable fee for the bidding
Documents in the amount of One Thousand Pesos (1,000.00)
Only.
5. The Department of Education, Region IV-A will hold a Pre-Bid
Conference on October 17, 2012 at 2:00 in the afternoon to
be held at the Conference Room of DepED Region IV-A. Gate
2 Karangalan Village, Cainta, Rizal, which shall be open to all
interested parties who have purchased the biddina Documents,
6. Bids must be delive-ed to the address stated herein on or before
October 30, 2012 at 10:00 a.m. All Bids must be accompanied by
a bid security in any of the acceptable forms and in the amount
stated in ITB Clause 18.
7. Bid opening shall be on October 30, 2012 at 10:00 a.m. at the
Conference Room of DepED Region IV-A, Gate 2 Karangalan
Village, Cainta, Rizal. Bids will be opened in the presence of the
bidders representatives who choose to attend at the address
stated above. Late bids shall not be accepted.
8. The Department of Education, Region IV-A reserves the right to
accept or reject any bid, to annul the bidding process, and to
reject all bids at any time prior to contract award, without thereby
incurring any liability to the affected bidder or bidders.
(Sgd.) ANN GERALYN T. PELIAS
Chief Administrative Offcer
bac chairman
Department of Education
REGION IV A CALABARZON
Gate 2 Karangalan Village
Cainta, Rizal
INVITATION TO BID FOR
Catering Services to the Regional Accreditation and
Training for School Sports Offciating offcials
(MST-Oct. 13, 2012)
ManilaStandar dTODAY WEDNESDAY, OCTOBER 24, 2012 | A7
3. It adopts adequate and effective internal control procedures,
including the independence between and among its different offce units,
and satisfactory risk management procedures; and,
4. It has entered into a formal written agreement with the ETF or
its Fund Manager which specifes, among others, its other duties and
responsibilities as such Custodian.
17.3 In case of a Custodian handling more than one exchange traded
fund, the ETF or its Fund Manager, before appointing the Custodian, shall
have discussed with said Custodian and identifed areas that may give rise
to confict of interest issues and shall have provided measures to avoid, if not
eliminate, such confict of interest.
Section 18 Appointment of a Transfer Agent
The ETF or its appointed Fund Manager shall appoint a registered
transfer agent which shall maintain an accurate registry for recording the
initial and subsequent transfer of shares.
SECTION 19 Prospectus
An ETF, upon request by a prospective investor, shall provide the
relevant prospectus which shall contain the data required under SRC Rule
12 and these rules. In addition, the following information shall be provided
in the prospectus:
(a) the name of the ETF share or instrument or its ticker code in the
Exchange which shall contain the term ETF;
(b) the terms, features, rights, and privileges of the ETF shares;
(c) the number of shares contained in a creation unit;
(d) the terms on which their securities are to be offered to the public;
(e) ETF shares can be bought and sold on the secondary market at the
quoted market price through a trading participant of an Exchange
which may require payment of brokerage commissions;
(f) enumeration of the associated fees and expenses to be charged
by Fund Manager, Authorized Participants, Custodian and Transfer
Agent;
(g) the anticipated level of tracking error in normal market conditions
and the description of factors that may affect the ability of the ETF to
track the performance of the index;
(h) the procedure for Direct Redemption and the costs involved, if any;
(i) the directors, offcers, and any person holding more than ten per
centum (10%) of any class of any equity security of the ETF;
(j) the remuneration and interests in the securities of the individuals
indicated in paragraph (i) above, and their material contracts with
the ETF and any person directly or indirectly controlling or controlled
by, or under direct or indirect common control with, the ETF;
(k) bonus and proft-sharing arrangements;
(l) management and service contracts;
(m) options existing or to be created in respect of the securities of the
individuals indicated in paragraph (i) above;
(n) dividend policy;
(o) material contracts, not made in the ordinary course of business,
which are to be executed in whole or in part at or after the fling of the
application or which were made not more than two (2) years before
such fling, and every material patent or contract for a material
patent right shall be deemed a material contract;
(p) balance sheets for not more than the three preceding fscal years, if
applicable, certifed by a registered public accounting frm;
(q) proft and loss statements for not more than the three preceding fscal
years, if applicable, certifed by an accredited public accounting frm;
(r) copies of articles of incorporation, by-laws, trust indentures, or
corresponding documents by whatever name known, underwriting
arrangements, and other similar documents of, and voting trust
agreements with respect to, the ETF and any person directly or
indirectly controlling or controlled by, or under direct or indirect
common control with, the ETF as the Commission may require as
necessary or appropriate for the proper protection of investors and
to ensure fair dealing in the security; and,
(s) Any further fnancial statements which the Commission may deem
necessary or appropriate for the protection of investors.
SECTION 20 Summary Prospectus
20.1 An ETF may provide a summary prospectus. However, upon request
by an investor, an ETF shall also provide the statutory prospectus.
20.2 The key information in the summary prospectus shall include:
a. Investment objective and policy;
b. Costs (same as the risk/return summary fee table and example);
c. Principal investment strategies, risks and performance;
d. The funds top ten (10) portfolio holdings as of the end of its most
recent calendar quarter;
e. Identity of investment advisers and portfolio managers;
Disclose the name of each investment adviser and sub-adviser of the
fund, followed by the name, title, and length of service of the funds
portfolio managers.
f. Brief purchase and sale and tax information;
g. Financial intermediary compensation.
A fund must provide disclosure that if an investor purchases the fund
through a broker-dealer or other fnancial intermediary (such as a
bank), the fund and its related companies may pay the intermediary
for the sale of fund shares and related services, and state that these
payments may infuence the broker-dealer or other intermediary and
the salesperson to recommend the fund over another investment.
h. The cover page of the Summary Prospectus shall contain the
following:
1) The funds name and the share classes to which the summary
prospectus relates;

2) a statement identifying the document as a summary prospectus;
3) the approximate date of the summary prospectus frst use; and,
4) the following legend:
Before you invest, you may want to review the Funds
prospectus, which contains more information about the Fund and
its risks. You can fnd the Funds prospectus and other information
about the Fund online at [_______]. You can also get this information
at no cost by calling [_______] or by sending an email request to
[________].
SECTION 21 Delivery of Prospectuses to Investors
Broker-dealers selling ETF shares are obliged, upon request, to deliver
a prospectus to interested parties.
SECTION 22 Registration of Salesman and Associated Person
A registered salesman of an Authorized Participant or trading participant
in an Exchange, prior to trading ETF shares, shall present a certifcation to
the Commission that he has undergone a relevant training on ETF provided
for by the Commission and/or any person authorized by the Commission.
SECTION 23 Transparency of Index and Portfolio Holdings
23.1 An ETF shall maintain a website which shall be freely accessible by
the public and which shall provide on a daily basis the following information:
(i) the index that the ETF plans to track;
(ii) the identities and weightings of the component securities and other
assets held by the fund;
(iii) the identities and weightings of the component securities and other
assets of the index;
(iv) the number and type of securities compTrising the basket of
securities with which the ETF could create or could redeem creation
unit; and,
(v) the performance of the index and the ETF.
23.2 Premium/Discount Information. An ETF shall disclose on its
website the following information:
a) the extent and frequency with which market prices of ETF shares
have tracked the funds NAVps;
b) the prior business days last determined NAV;
c) the market closing price of its shares; and,
d) the premium/discount of the closing price to NAVps.
23.3 The above disclosures are designed to alert investors to the current
relationship between NAVps and the market price of the ETFs shares, and
that they may sell or purchase ETF shares at prices that do not correspond
to the NAVps of the fund.
SECTION 24 Arbitrage Mechanism
An ETF shall operate with an arbitrage mechanism designed to minimize
the potential deviation between the market price and NAVps or INAV per
share of ETF shares. The ETF shall establish creation unit sizes, the number
of shares of which are reasonably designed to facilitate arbitrage, which is
described in the defnition of creation unit as the purchase (or redemption)
of shares from the ETF with an offsetting sale (or purchase) of shares on an
Exchange at as nearly the same time as practicable for the purpose of taking
advantage of a difference in the NAVps and INAV per share and the current
market price of the ETF shares.
SECTION 25 Securities Lending Activity
An ETF may engage in securities lending provided it shall have expressed
approval by the Commission. Provided, further, that:
a) The securities lending activity shall be disclosed in the RS;
b) The guidelines for securities lending shall provide that the net revenue
arising from the activity shall be returned to the ETF;
c) On-going disclosures thereon shall be included in the Annual Report;
and,
d) The ETF shall be able to recall any securities lent or terminate any
securities lending agreement it has entered.

Provided, fnally, that the ETF shall comply with the Rules on Securities
Borrowing and Lending issued by the Commission and the Exchange.
SECTION 26 Time for Delivering Redemption Proceeds
Redemptions shall be satisfed within the settlement period of the
Exchange or the relevant Clearing Agency or such other period that the
Commission may prescribe.
SECTION 27 Reports and Records Requirements
27.1 An ETF shall comply with the following requirements:
a) Monthly Issuance and Redemption Report of ETF creation units;
b) Periodic and current reports and records required under the SRC
and ICA; and,
c) Other reports and records as may be required by the Commission
from time to time.
27.2 The ETF annual and quarterly reports shall include the ETF return
information. The ETF shall use the market price of fund shares in addition to
the NAVps to determine its return and include a table with premium/discount
information for the fve recently completed fscal years. It shall compare its
performance to its underlying index.
SECTION 28 Administrative Sanctions
If the Commission fnds that there is a violation of any provision of the
Act, or this Rule or any applicable rules under the SRC, or that any person, in
a registration statement or its supporting papers and the prospectus, as well
as in the periodic reports required to be fled with the Commission has made
any untrue statement of a material fact or omitted to state any material fact
required to be stated therein or necessary to make the statements therein not
misleading or refuses to permit any lawful examination into its corporate affairs,
the Commission shall, in its discretion impose additional sanctions provided
by law aside from those established by existing regulations.
SECTION 29 Applicability of certain regulations
29.1 The provisions of ICA, SRC and their implementing rules and
regulations, and other relevant regulations insofar as they are applicable and
not inconsistent herewith, shall apply suppletorily hereto.
29.2 The requirement under ICA Rule 35-1 mandating that sale of
securities by investment companies shall be on cash basis shall not apply
to ETF.
29.3 ETF shall not be subject to any Lock-Up requirement under ICA
Rule 35-1.
29.4 ETF shall be exempt from the mandatory tender offer rule under
Section 19 of the SRC.
SECTION 30 Effectivity
These rules shall take effect ffteen (15) days after the date of last
publication in two (2) newspapers of general circulation in the Philippines.
Mandaluyong City, Metro Manila, October 19, 2012.
For the Commission:
COMMISSIONER MA. JUANITA E. CUETO
Offcer In Charge
(MST-Oct. 24, 2012)
News
ManilaStandardToday
mst.daydesk@gmail.com OCTOBER 24, 2012 WEDNESDAY
A8
Depot bill vetoed anew

IN BRIEF
Birdstrike hits another passenger jet at airport
Lawmakers hit train fare hike
By Maricel V. Cruz
and Jonathan Fernandez
LAWMAKERS on Tuesday protested the Aqui-
no governments plan to iuncrease next year the
fare for the Metro Rail Transit.
Opposition lawmakers, Rep. Rodolfo Alba-
no of Isabela, Rep. Luz Ilagan of Gabriela and
Rep. Teddy Casino of Bayan Muna denounced
the train fare hike that was announced by Trans-
portation and Communication Secretary Joseph
Emilio Abaya Jr.
This is going to be another hardship for
thousands of MRT riders, Albano told Manila
Standard Today, saying that the government
has other options to subsidize the operations
of the mass transit but not at the expense of
commuters.
Albano, a minority member of the House
Committee on Appropriations, said the P60 bil-
lion un-programmed funds under the P2.006-
trillion budget for 2013 could be one source of
funding for the subsidies extended to the MRT.
Under the proposed 2013 budget, the govern-
ment has allocated P5.12 billion in subsidies for
the MRT. In 2012, the DOTC allotted P4.29 bil-
lion for the purpose.
The MRT, which traverses the Epifanio de los
Santos Avenue, charges P14 for a full ride from
the North Avenue to the Taft Avenue stations. An
estimated half a million Metro commuters ride
the MRT daily.
Casino said there are other options to in-
crease the MRTs revenues without burdening
commuters.
One is to conduct a comprehensive review
on the way the system is run towards making it
more efcient, removing unnecessary perks and
bonuses to management, and correcting oner-
ous loan and business arrangements entered into
during previous administrations.
Another is to add trains to increase pas-
senger revenue and encourage more people to
ride the train to work by, among other things,
building bike parking facilities so that people
can ride their bikes to and from the train ter-
minals.
Abaya had said the bidding for the P60-bil-
lion LRT1 Cavite Extension Project will push
through as scheduled in January 2013 after a
prequalication conference was held at DOTC
ofce in Mandaluyong City on Monday.
According to him, at least six companies
submitted their prequalification documents
but only four of them are eligible to partici-
pate in the bidding.
Being transparent is the rule of the game,
he said.
Light Rail Manila Consortium, San Miguel
Infra Resources Inc., DMCI and MTD-Samsung
were among the qualied bidders; while Ecorail
and Luzon Rail Transit were rejected.
The transportation department had to ex-
tend the deadline for the submission of pre-
qualification documents three times to en-
courage more participants. It wants to ensure
that the companies or even the consortia to be
formed have the required financial, technical,
and management capability to carry out the
project.
By Gigi Muoz-David
THE Laguna Lake Development
Authority has broken ground for the
governments rst certied green
building at the National Ecology
Center on East Avenue in Diliman,
Quezon City.
Being a government agency whose
function is to lead, promote, and ac-
celerate sustainable development, spe-
cically in the Laguna de Bay Region,
LLDA is now leading by example to be
at the forefront of the green building
revolution, said Presidential Adviser
for Environmental Protection Nereus
Acosta, concurrent general manager of
the LLDA.
By having this project as a show-
case that highlights the beauty and val-
ue of green building raises awareness,
inspires the broader implementation
of sustainable building practices and
encourages the private sector to build
green, he added.
The building will be certied by the
Building for Ecologically Responsive
Design Excellence (BERDE), which is
the developing green building standard
in the Philippines, similar to the Lead-
ership in Energy and Environmental
Design (LEED) of the US Green Build-
ing Council and the BRE Environmen-
tal Assessment Method (BREEAM) of
the United Kingdom.
The building, composed of a two
four-storey wings, raised on stilts over a
simulated wetland that will be utilized
for on-site natural treatment of storm-
water and for cooling the hot air breezes
as well as providing water for the ush-
ing of water closets and urinals.
The wetland will also serve as a
small-scale representation of the eco-
logical processes that occurs in the La-
guna Lake for educational and viewing
purposes.
Acosta said only 69 percent of the
building will be air-conditioned and
windows will be openable to allow nat-
ural ventilation and daylight that will
reduce the buildings consumption of
electricity throughout the day.
Acosta said the buildings features
can reduce power usage by as much as
20 percent.
Located on a 3,021-square-meter lot
at the NEC, the new LLDA headquar-
ters and laboratory will have a oor
area of around 5,600 square meters and
will accommodate all the departments
of LLDA including laboratories and
the executive ofces.
Aside from the ofce areas, several
public spaces will be built including
an exhibition hall, a library, confer-
ence rooms, multi-purpose areas and
a cafeteria.
In addition, an on-site materials
recovery facility will be built for
proper waste management within the
complex.
Agency to build 1st green govt building
City lawyer Renato dela Cruz de-
livered to the city council Lims letter
explaining why he again vetoed Ordi-
nance No. 8283, which reclassies the
Pandacan depot as a commercial zone
from industrial zone thereby effective-
ly removing the operations of oil com-
panies in the area.
Thirty councilors of the 36-man
city council unanimously approved
the ordinance, reclassifying the Pan-
dacan Oil Depot to a high-intensity
commercial/mixed use from a heavy
industrial zone.
Lim rst vetoed the ordinance on
Sept. 11, but the city council overrode
his veto. If the council will again over-
ride his second veto, the ordinance will
be submitted to President Aquino for
his concurrence.
He said Ordinance No. 8283 is
prejudicial to public welfare because
By Macon Ramos-Araneta and Alena Mae S. Flores
FOR the second time, Manila Mayor Alfredo
Lim vetoed the a city ordinance ordering the
so-called Big 3 oil companiesChevron
Philippines, Petron Corp. and Pilipinas Shell
Petroleum Corp.to relocate their oil depots in
the citys Pandacan district by January 2016.
such volatilities in decision-making
would cast serious doubts on the sin-
cerity of the city on the policies it proj-
ects to espouse, especially on the issues
where businesses and investors expect
stability and predictability of govern-
ment action.
He noted that the Manila cannot just
make a complete turnaround of its ear-
lier commitment allowing the Panda-
can oil depot to stay until a nal deci-
sion from the Supreme Court is issued.
But city council spokesperson law-
yer Jong Isip stressed that the Big 3
can no longer seek redress before the
Supreme Court which had earlier ruled
they should leave the area after the site
of the petroleum reneries and oil de-
pots was re-classied from a heavy in-
dustrial to high intensity commercial/
mixed use zone.
In February 13, 2008, the Supreme
Court declared that the oil depot should
leave its current location, saying that
the right to life enjoys precedence over
the right to property. The Big 3 con-
tended that they will lose billions of
pesos if forced to relocate.
But the high court ruled otherwise.
Life is irreplaceable, property is not.
When the state or LGUs exercise of
police power clashes with a few indi-
viduals right to property, the former
should prevail, read the SC decision
penned by then Chief Justice Reynato
Puno.
The SC also noted that any delay
in the relocation is unfair to the in-
habitants of the City of Manila and
its leaders who have categorically ex-
pressed their desire for the relocation
of the terminals.
Their power to chart and control
their own destiny and preserve their
lives and safety should not be curtailed
by the intervenors warnings of dooms-
day scenarios and threats of economic
disorder if the ordinance is enforced.
Police kill car thieves
FOUR carjackers were killed in a gun
ght with police near the Alabang
Town Center mall in Muntinlupa past
midnight Tuesday.
Two of the slain suspects were iden-
tied as Arnel Cangque and Ricardo
Obina, who was believed to be the lead-
er of the carjacking group that operates
in Manila and Quezon City.
Senior Supt. Conrad Capa, acting city
police chief, said the encounter started
at a gas station near the Alabang Town
Center along the Alabang-Zapote Road
at around 1 a.m. and ended on Don Pedro
Reyes Avenue in Barangay Tunasan.
Capa said undercover police agents
were to buy a red Toyota Vios for P150,000
in an entrapment operation set against the
group, but the suspects apparently sensed
that thewy were dealing with policemen,
triggering the shootout.
Four sets of police uniforms, two
caliber .45 pistols and two caliber .38
revolvers were recovered from the gun-
men. The Vios license plate, ZCN 566,
was found to belong to another vehicle.
Ferdinand Fabella
Pestao case dismissed
THE Sandiganbayan dismissed on
Tuesday the charges against the suspects
in the death of Philippine Navy Ensign
Philip Pestao in 1995 but allowed the
re-ling of the case in the appropriate
trial court.
The courts Fifth Division said it
could not take jurisdiction of the case
because it can only hear military-related
cases against army and air force colo-
nels, naval captains, and all ofcers of
higher rank. The highest ranking ofcer
in the Pestao case was only a lieuten-
ant commander when Pestanos death
occurred. Merck Maguddayao
Generals kin faces raps
THE Quezon City prosecutors ofce
on Tuesday recommended the ling of
homicide charges against a nephew of
a retired Armed Forces chief of staff
Narciso Abaya.
Assistant city prosecutor Rogelio An-
tero recommended bail of P40,000 for
the provisional liberty of Jose Abaya, 47,
who shot and killed a security guard of
a drug rehabilitation center in Paraaque
City on Oct. 20 who tried to bring him
back to the facility after he escaped.
The case will be rafed off by the
executive judge of the Quezon City Re-
gional Trial Court on Thursday at 2 p.m.
Rio N. Araja
Illegal recruiters nabbed
CHARGES of human trafcking and
illegal recruitment are awaiting four
people who duped seven victims into
paying thousands of pesos in exchange
for jobs abroad.
The Mandaluyong City police ar-
rested suspects Ricky Bautista, Pris-
cillana Gabutero, Arlente Tutas and
Merlyn Siasat for operating a bogus
recruitment agency Prints Job Referral
Services.
The victims were recruited from
Davao del Norte by Gabutero and were
promised jobs as domestic helpers in
Hong Kong, provided they give a pro-
cessing fee of around P18,000.
Gigi Munoz-David
By Vito Barcelo
ANOTHER birdstrike hit a Philippine
Airlines aircraft, with 152 passen-
gers onboard, as it was landing at the
Ninoy Aquino International Airport
Monday night.
Mechanics of Lufthansa Technik
Philippines said they found bloodstains
on the wings of Airbus A320 plane
that had just come from Bacolod City
landed Manila around 8:45 pm. Fortu-
nately, no passenger was injured.
Mechanics found no serious dam-
age to the aircrafts wing or jet en-
gines, but the agcarrier issued a
statement expressing alarm at the in-
creasing incidents of birdstrikes.
The number of birdstrikes at
NAIA has been steadily increasing
over the past months as reported by
PAL and other airlines operating in
Manilas premiere international air-
port, the airline said.
The Civil Aviation Authority of
the Philippines has recorded 49 bird
strikes in NAIA from January to Sep-
tember, compared to 30 bird strikes
in 2011, and 25 in 2010.
The CAAP and the Manila Inter-
national Airport Authority attribut-
ed the increase in birdstrikes to the
bird sanctuary in the Las Pias area,
which they said is in the direct path
of the planes.
Only last September, a birdstrike
is believed to have been the cause of
the crash of a Nepalese airline that
killed 19 passengers.
The Sita Air plane came down
minutes after leaving Kathmandu for
Lukla before crashing into a river
bank and catching re.
In Scotland, civial aviation au-
thorities also noted an increase in the
number of bird strikes at the Glasgow,
Aberdeen and Inverness airports over
the past two years.
A MERE second choice beat
two hard-charging frontrun-
ners to dominate last Sundays
Philippine Charity Sweep-
stakes Ofce Anniversary
Race for the benet of the
Philippine Sportswriters As-
sociation.
The race in honor of the
charity agencys 78th mile-
stone was held at the Manila
Jockey Clubs San Lazaro
Leisure Park over a mile
(1,600-meter) distance.
The race was led by close
third choice Arvindugo and
top pick Si Seor, running
against each other neck and
neck for most of the race,
while Pleasantly Perfect con-
served his energy six lengths
behind.
Steered by star jockey Jona-
than Hernandez, Pleasantly
Perfect made his move at the
far turn and easily passed the
agging frontrunners down
the stretch.
The bay colt sired by Inter-
rogate out of Passing on Pas-
sion and owned by Divina Dy
clocked 1:41.8 to win by a
length and grab the P700,000
purse.
Si Seor came in second to
take P400,000, Purple Rib-
bon third for P300,000, and
Arvindugo fourth and last for
P100,000.
Among those present at
the awarding ceremony were,
from the PCSO, general man-
ager lawyer Jose Ferdinand
M. Rojas II, assistant general
manager Betsy Paruginog,
Committee on Races chair-
man lawyer Jose T. Malang,
and Draw and Races depart-
ment manager Carlos Castillo;
and from PSA, directors Joe S.
Antonio and Aldrin Cardona.
Also held that day was an-
other PCSO Anniversary race,
this one for the benet of
Pugad Lawin charity founda-
tion.
Coincidentally, the race was
won by the outstanding favor-
ite, also named Pugad Lawin
(Refuse to Bend x Unstop-
pable Lady).
The colt owned by Antonio
V. Tan Jr. carried the heaviest
handicap weight - 58 kilo-
grams compared to the ve
other runners, a disadvantage
of four kilos against two oth-
ers carrying the next heaviest
weight of 54 kgs.
Despite this, the Jesse Gu-
ce-ridden Pugad Lawin won
wire-to-wire, posting a time
of 1:29.2 over 1,400 meters to
win P180,000.
Madam Theresa placed sec-
ond to earn P67,500, Quak-
ers Hill third for P37,500,
and Pinay Beauty fourth for
P15,000.
Another wire-to-wire win
was posted that day, by Sky
Dragon in the fourth leg of
the 1,500-meter Philippine
Racing Commission Juvenile
Colts Stakes.
The 2YO colt by Conquista-
rose out of Elusive Dragon,
owned by Honorato Neri, was
ridden by veteran Antonio B.
Alcasid Jr.
Meanwhile, the PCSO Draw
and Races Department an-
nounced the declared entries
for the next PCSO race, a 2YO
race with trial and elimination
to take place on October 30,
also at SLLP:
Tarlac congressman Jeci
Lapuss Azimuth, Bayani Co-
chings Beyond Perfection,
Antonio P. David Jr.s Birth-
day Wish, Conrado Ongs
Buko Maxx, Herminio Es-
guerras Captain Ball, Ver-
nadette Mercados Cataleya,
Mandaluyong Mayor Benhur
Abaloss Cats Silver;
Raymund Puyats Haring
Benedict, Edward R. Tans
Jetsun, Harry Aguiloss In-
dys Humor, Maverick Javi-
ers Mistah, Joseller Yeng
Guiaos Nurture Nature, Wil-
bert Tans Pinas Paraiso, Rita
Pilapils Tarzan Maximus,
Jonathan Codamon Jr.s The
Fountainhead, and Robert
Ramirezs Viktoria.
* * *
Email: jennyo@live.com,
Blog: http://jennyo.net, Face-
book: Gogirl Racing, Twitter:
@jennyortuoste
A9 Sports Riera U. Mallari, Editor
ManilaStandardToday
sports_mstandard@yahoo.com
The Southern Luzon quali-
fying leg of the games for ath-
letes 15-years-old-and-below
will begin today with a del-
uge of medals in athletics and
swimming at the Jose Leido
Memorial National High
School here.
Yesterdays brief opening
ceremony was headed by Gov.
Alfonso Umali Jr. and PSC of-
cials chairman Richie Gar-
Batang Pinoy games on
CALAPANAfter nding a trove of
promising athletes in Northern Luzon,
the Philippine Olympic Committee-
Philippine Sports Commission Batang
Pinoy Games has traveled south hop-
ing to discover more.
THE countrys best karters make their last-
ditch efforts to pursue their title quests in
the championship round of the 2012 Coca-
Cola KF2-KF3 Cup series this Sunday at
the Clark International Speedway.
FERN-C Racing brothers Milo and
Estefano Rivera, both students of Don
Bosco-Makati, seek crucial victories
that will seal their title-clinching feats in
Rounds 7 and 8 of this event sanctioned
by the Automobile Association Philip-
pines and sponsored by Coca-Cola, Yo-
kohama the official tires, Sparco, Motor-
star and Aeromed.
Milo Rivera aims to wind up the series
with a bang as he guns for his rst-ever
KF2 crown. He currently holds a total of
185 points following his two runner-up n-
ishes in the last leg and needs only a third-
place nish to seize the premier title.
But it wont be an easy task as he has
to hurdle the tough challenge from three
equally talented rivalsCJ Tsui and Bob-
by Domingo of Formula E-Industria Rac-
ing and VJ Suba of Eagle Cement.
Tsui, who left a big mark with his im-
pressive performances in the two Asian
karting races, is currently second overall
with 122 and could still pull off a title up-
set by sweeping all the races.
Domingo is another veteran karter,
wholl make it tough for the older Rivera
as he also needs the win to push his bid,
being in third overall with 87 points, while
Suba, last years overall runner-up, is eye-
ing a repeat of his victory over Rivera in
the last leg to improve his title chances.
Joining the fray are Matthew Chan of
FERN-C Racing, Sacha Feliciano of Mar-
celo Racing, Archim Lagman and Cebuano
Tonyo Carcel.
Estefano Rivera, on the other hand,
needs to sweep all the races to ensure him-
self of the KF3 plum and fortify his chanc-
es for the Karter of the Year award. He
expects a tough showdown with defending
KF3 champion Jette Calderon of Red Bull
Supreme-Industria Racing as they are just
10 points apart, 186-176.
For more info, interested parties may
call the Carmona Racetrack, c/o Rose
Feria at 845-0745, 889-3389, 845-3287
and 845-4142 or visit the Web site www.
asiankarting.com.
Rivera brothers seek title feats in karting series
JENNY
ORTUOSTE
THE HOARSE WHISPERER
IN BRIEF
Giants make World Series
SAN FRANCISCOAfter all the Giants
had overcome to get back to the World
Series, a late shower wasnt about to
dampen their celebration.
All right, it was a driving downpour.
So reliever Sergio Romo danced
through the raindrops, Tim Lincecum
helped lead a soaked victory lap around
the ballpark and Angel Pagan stayed on
the eld with his daughter long after his
teammates took the party indoors.
Hunter Pence got the Giants going with
a weird double, Matt Cain pitched his sec-
ond clincher of October and San Francisco
closed out Game 7 of the NL championship
series in a rainstorm, routing the St. Louis
Cardinals 9-0 on Monday night.
The rain never felt so good, series
MVP Marco Scutaro said. Were going
to the World Series, this is unbelievable.
San Francisco won its record-tying sixth
elimination game of the postseason, com-
pleting a lopsided rally from a 3-1 decit.
The Giants, who won it all in 2010, will
host reigning AL MVP and Cy Young
winner Justin Verlander, Triple Crown
slugger Miguel Cabrera and the Detroit
Tigers in Game 1 on Wednesday night.
Verlander is set to pitch Wednesdays
opener at AT&T Park. Giants manager Bruce
Bochy insisted before Mondays game he
had not planned any further in advance.
Premiere Volleyball set
TV5 and SCORE (SportsCore Event
Management and Consultancy) will be
teaming up next year to launch the rst
professional womens volleyball league
in the country called Premiere Volleyball
League, which is envisioned to be the
Philippines biggest volleyball league.
After graduating college, some of the
countrys best volleyball players are left
without a suitable league to continue their
sports careers. The PVL will allow them
to raise their game even further. We hope
that through this effort, we can help the
country in becoming a volleyball power-
house in Asia, said TV5 Executive Vice
President and Chief Operating Ofcer
Roberto Barreiro.
Headed by international volleyball of-
cial Ramon Tats Suzara, SCORE will
oversee league operations when the PVL
begins in January 2013.
Suzara is the Chairman of the Devel-
opment and Marketing Committee of
the Asian Volleyball Confederation and
FIVB World Grand Prix Supervisor.
This is the best time to have a volleyball
league in the country, with an ever-growing
following for the sport. SCORE and TV5
look forward to having more Filipinos ap-
preciate volleyball, said Suzara.
Pleasantly Perfect wins PCSO-PSA Cup
cia and commissioner Jolly
Gomez.
Budget secretary Butch
Abad, education secretary
Armin Luistro, vice governor
Rodolfo Valencia and top lo-
cal ofcials also graced the
opener that pooled together
over 600 young athletes from
12 local government units.
Host Oriental Mindoro and
Calapan have gathered an
army of 220 athletes expect-
ed to deliver in 11 sports and
hold their fort against entries
from Laguna, Lucena City,
Antipolo City, Cavite City,
Imus and Dasmarinas (Cav-
ite), Tanauan, Batangas, San
Pedro and Sta. Rosa (Laguna)
and Lucban, Quezon.
Aside from swimming and
athletics, they will also com-
pete for medals in arnis, bad-
minton, boxing, chess, karat-
edo, lawn tennis, taekwondo,
table tennis and wrestling dur-
ing the ve-day meet.
This is a rare chance for
the best young athletes in the
region to come out and show
off their skills. Were excited
to nd such talents here in the
Batang Pinoy and help them
maximize their potentials,
said Gomez, the PSCs point-
man in the talent-discovery
project.
The Southern Luzon tryouts
is the third of ve regional
qualifying legs for the Batang
Pinoy national champion-
ships in Iloilo City on Dec. 5
to 8. Two more qualiers are
scheduled on Nov. 7 to 10 in
Dapitan City (Mindanao leg)
and Nov. 21 to 24 Tacloban
City (Visayas).
NEWCOMER Francis of Assisi Col-
lege leaned on the end-game heroics
of Richmond Sunga and Joeseph Pa-
day to shade hard-ghting Don Bosco
Technological College of Mandaluy-
ong, 62-61, and bag the 14th National
Collegiate Athletic Association South
mens basketball crown at the LIMA
gym in Batangas City.
Sunga and Paday combined for 13 of
the squads last 15 points as the Doves
completed a two-game sweep of their
best-of-3 title series against the Grey
Wolves to cap their storybook run in
their maiden outing with the league.
The Lyceum University of the Philip-
pines-Batangas Lady Pirates moved closer
to capturing the womens crown after sub-
duing the San Beda College Alabang Red
Lionesses, 62-59, in Game 1 of their own
best-of-3 championship playoffs.
Paday topscored with 26 points,
while Sunga had 16 points, 10 of them
in the pivotal fourth quarter, where the
newly crowned champs banked on a
decisive 8-0 run to wrap up the match
and the series following their 72-59 tri-
umph in Game 1.
John Sambrano led the losing Grey
Wolves with 22 points, while Aldrin
Alapag added 13, but hotshot Jona-
than Tabulog suffered a severe case of
nerves and only had two points and
missed three crucial free throws, with
under a minute left that could have al-
tered the games outcome.
We were very fortunate about this
title because we only had nine play-
ers. This was totally unexpected con-
sidering that it was our rst year in
the league, said veteran Doves coach
Gabby Velasco, who once handled pro-
fessional cage siblings and SFAC grad-
uates Yancy and Ranidel de Ocampo.
Doves capture NCAA-South mens basketball crown
LPU-Batangas VP and 14th NCAA South MANCOM chair Dr. Fe Medina (right) awards the
mens baskeball championship tropy to San Francisco Assisi College president Prince Orosco
after the Doves dumped the Don Bosco Technical College-Mandaluyong Grey Wolves, 62-61,
last Saturday to sweep their best-of-3 title series at the LIMA gym in Batangas City.
Classieds
ManilaStandardToday
adv.mst@gmail.com
B2
(MST-Oct. 24 & 25, 2012)
PAUL ANDREW A. CHUA HUA
This is to inform the public that a Warrant of Arrest had been
issued on 22 June 2012 by the Regional Trial Court of Davao
City, Branch 14, against PAUL ANDREW A. CHUA HUA, whose
picture appears above, in connection with Criminal Case No.
72-389-12 for Qualied Theft.
REWARD will be given to any person who can provide any
information about Mr. Paul Andrew A. Chua Hua and his
whereabouts that will lead to his arrest. Please call Tel. Nos.
09277299550/09184737854.
NOTI CE TO THE PUBLI C
NOTI CE OF EXTRAJ UDI CI AL
SETTL EMENT
Notice is hereby given
that the estate of the
deceased BONIFACIO
T. DE ROXAS who
died intestate on Nov.
13, 2007 at Cabi ao,
Nueva Ecija has been
extrajudicially settled by
and among their heirs
as per Doc. No. 446;
Page No. 90; Book No.
XXII; Series of 2012
executed before Notary
Public Atty. Israel E.
Perez
(MST-Oct. 24, 31 & Nov. 7, 2012)
SETTL EMENT
deceased I SMAEL
MANGLUS who died
intestate on Jan. 9, 1985
at Cabiao, Nueva Ecija
has been extrajudicially
settled by and among
their heirs as per Doc.
No. 447; Page No. 91;
Book No. XXII; Series
of 2012 executed before
Notary Public Atty. Israel
E. Perez
(MST-Oct. 24, 31 & Nov. 7, 2012)
SETTL EMENT
deceased ERNESTO
DEL A CRUZ who
died intestate on Jan.
Perez
(MST-Oct. 24, 31 & Nov. 7, 2012)
SETTL EMENT
deceased CIRILO P.
OCAMPO who di ed
i nt est at e on Apr i l
Perez
(MST-Oct. 24, 31 & Nov. 7, 2012)
REPUBLIC OF THE PHILIPPINES
TARIFF COMMISSION
5
th
Floor, Philippine Heart Center Building
East Avenue, Quezon City
(MST-Oct. 24, 2012)
BULLETI N OF VACANT POSI TI ONS
Pursuant to the provisions of RA 7041 and MC No. 20, s. 2002
ADMINISTRATIVE ASSISTANT III; Financial
Management Division; Item No. ADAS3-7-2004; SG-9;
Education: College Degree; Experience: None required;
Training: None required; Eligibility: CS Professional/CS
Sub-professional.
(Sgd.) ROMEO U. SALUTA
Director III
Finance Management and Administrative Service
PROVINCE OF MARINDUQUE
Marinduque Provincial Government
Capitol Compound, Boac, Marinduque
Invitation to Bid
Public Bidding
Furnishing design & build, labor, materials & equipment for the CONSTRUCTION OF PROPOSED MARINDUQUE
RECREATIONAL CENTER AND SPORTS ARENA . The Marinduque Provincial Government , through the General Appropriations
Act. for CY 2012, 20% CDF 2012 & 20% CDF 2010 intends to apply the sum of Twenty Million Pesos Only (Php 20,000,000.00)
being theApproved Budget for the Contract (ABC) to payments under the contract for the Furnishing design & build, labor, materials
& equipment for the CONSTRUCTION OF PROPOSED MARINDUQUE RECREATIONAL CENTER AND SPORTS ARENA as
shown in the table below. Bids received in excess of the ABC shall be automatically rejected at bid opening.
Province Source of Fund ABC Description
Contract
Duration
Marinduque
Marinduque
Provincial
Government
Php
20,000,000.00
Construction of Proposed Marin-
duque Recreational Center and
Sports Area
300 days
1. The Marinduque Provincial Government now invites bids for Furnishing design & build, labor, materials & equipment for
the CONSTRUCTION OF PROPOSED MARINDUQUE RECREATIONAL CENTER AND SPORTS ARENA in the province of
Marinduque. Bidders should comply with the applicable provisions of Rule VIII Section 23-24 of the Revised IRR of R.A. 9184. A
modied set of requirements integrating eligibility documents and criteria for infrastructure projects and consulting services should be
adopted in accordance with Annex G. The project requirements include preliminary information/studies for design and construction.
The project components include pre-detailed design, detailed design and construction.

The Design and Build Contractor must have completed similar projects in the amount of at least 50%of the proposed project in the
last ten (10) years from the date of submission and receipt of bids and must have the network and resources in place to mobilize
the contemplated Design and Build Services. For the Pre-Detailed Design and Detailed Design portion of the contract, the bidder
is required to hire the minimumnumber of people (Project Coordinator, Architect, Civil/Structural Engineer, Professional/Registered
Electrical Engineer, Professional/Registered Mechanical Engineer, and Sanitary Engineer and CADD Operators). The bidder is
recommended to prioritize the hiring of locally-based architects, engineers, and CADD Operators (draftsmen).

Completion of the Works required are shown in the table above. The description of an eligible bidder is contained in the Bidding
Documents, particularly, in Section II. Instruction to Bidders.
2. Bidding will be conducted through open competitive bidding procedures using non-discretionary pass/fail criterion as specied in
the Implementing Rules and Regulations (IRR) of Republic Act 9184 (RA 9184), otherwise known as the Government Procure-
ment Reform Act.
Bidding is restricted to Filipino citizens/sole proprietorships, partnerships, or organizations with at least seventy ve percent
(75%) interest or outstanding capital stock belonging to citizens of the Philippines.

If the bidder has no experience in design and build projects on its own it may enter into partnerships or joint venture with design
or engineering rms for the design portion of the contract.
3. Interested bidders may obtain further information fromBids andAwards Committee and inspect the Bidding Documents at the address
given below from Monday to Friday 8:00 a.m.-12:00 noon, 1:00 p.m. - 5:00 p.m.
4. A complete set of Bidding Documents may be purchased by interested Bidders from October 25, 2012 to November 07, 2012
during ofce hours until before deadline of submission of bids as stated in item7 hereof, fromthe address below and upon
payment of a non-refundable fee of P20,000.00 .
5. The Marinduque Provincial Government will hold a Pre-Bid Conference on October 25, 2012 ,10:00 a.m. at the Provincial General
Serivces Ofce-Conference Room, Capitol Compound, Boac, Marinduque which shall be open to all interested parties.
6. Bids must be delivered to the address below on or before November 07, 2012 , 10:00 am at the Provincial General Services
Ofce-Conference Room, Capitol Compound, Boac, Marinduque. All bids must be accompanied by a bid security in any of the
following acceptable forms and in the amount stated in Rule VIII Sec. 27.2 of IRR RA9184.

Bids will be opened in the presence of the bidders representatives who choose to attend at the address below. Late bids shall not
be accepted.
7. Interested Bidders shall submit a Certied True Copy of Valid PCAB License for this project having the Category applicable for the
contract specied.

Interested Bidders shall submit an Original / Certied True Copy of valid licenses issued by the Professional Regulatory Commission
(PRC) for design professionals, IAPOANo. for Architect/s, and Updated Professional Tax Receipts (PTR) of each professional.
8. The Marinduque Provincial Government reserves the right to accept or reject any bid, to annul the bidding process, and to reject all bids
at any time prior to contract award, without thereby incurring any liability to the affected bidder or bidders.
9. For further information, please refer to: ADORABLE A. RIANZARES (BAC Secretariat Head) Tel.# (042)332-1498. Provincial
General Services Ofce, Capitol Compound, Boac, Marinduque.

(Sgd) ATTY. DIOSCORO P. TIMTIMAN
BAC Vice Chairman
(MSTOct. 24, 2012)
Sports
OCTOBER 24, 2012
Manila Standard TODAY
WEDNESDAY
A10
Arum finalizing Donaire-Arce showdown
By Ronnie Nathanielsz
TOP Rank promoter Bob
Arum is working on naliz-
ing a deal for Nonito Donaire
to defend his World Boxing
Organization super bantam-
weight/junior featherweight
title against Mexican war-
rior Jorge Arce in Mexico on
Dec. 15.
We are working on it.
Hopefully, well be able to
work things out by Wednes-
day or Thursday, Arum told
the Manila Standard.
Donaire, who is coming off
an impressive ninth-round
TKO win over Japanese south-
paw and World Boxing Coun-
cil champion emeritus Toshia-
ki Nishioka, said last Saturday
that his doctors told him he
would need to rest his injured
left hand for one month before
he could work the punch-mitts
or the heavy bag.
However, Donaire said
he could concentrate on his
strength and conditioning reg-
imen, while his left hand heals
after it split open in the second
round of the Nishioka ght.
It caused terrible pain even
as it continued to bleed and
Donaire was forced to use his
right hand to knock out Nish-
ioka in the ninth round after
dropping the Japanese with an
uppercut in the sixth..
The hand injury needed
eight stitches.
Arce had earlier backed
out of a planned ght with
Donaire, reportedly demand-
ing a purse of $1 million,
which would have been more
than the purse of the four-divi-
sion champion Donaire.
While Donaire has said he is
ready to go to Mexico to ght
Arce, it is likely to happen
only if the champion gets his
just due in nancial terms.
Blacks Texters shoot for 5
th
straight win
By Jeric Lopez

PLAYING with great rhythm and chemistry,
Talk N Text aims to create an early separation
from the rest of the pack.
The rampaging Tropang Texters plan shoot
for their fth straight win in as many games
when they resume their hot start in the 2013
Philippine Basketball Association Philippine
Cup today.
The league-leading squad, who holds a
clean 4-0 slate and is the only one left un-
beaten, will lock horns with vastly improving
Barako Bull (2-2) in the curtain-raiser at 5:15
p.m. at the Smart Araneta Coliseum.
Set for the main event at 7:30 p.m. is the re-
match between last Governors Cups nalists
Rain or Shine (3-1) and San Mig Coffee (2-1).
In their last game, the defending champions
Texters passed their acid test with ying col-
ors as they handled a fellow powerhouse in the
Mixers well, pulling off an 85-74 win last Sat-
urday to ensure they remain atop of the heap.
We passed our big test in our last game
and Barako Bull is another tough test ahead
of us, said TNT coach Norman Black, who
is still unbeaten in his return to the sidelines
of the PBA.
Larry Fonacier was the main catalyst of that
win as he continued to give steady production for
the Texters, producing 26 points to lead the way.
Black added that its important for them to
keep pushing as hard as they can and get an
early advantage as much as they can.
I think the goal right now is to get as many
wins as possible. Well need them to get some
sort of lead over the other teams early, added
Black.
Just like the Texters, the Energy Cola are
also coming off their most impressive win of
the season.
Barako Bull summoned its best play to
shock struggling Barangay Ginebra with a 92-
82 upset win last Friday.
The team is starting to come along. We
can be better pa. The players are now get-
ting more familiar with their roles and sana
matuloy and ma-follow up namin against
Talk N Text, said Barako Bull coach Junel
Baculi.
While the Mixers badly want to bounce back
from that bitter loss against the Texters, the Elas-
to Painters, armed with a two-game winning run,
are looking to remain hot as well.
sports@manilastandardtoday.com sports_mstandard@yahoo.com Riera U. Mallari, Editor
CHIEFS UPSET LIONS
Alas not yet
off the hook
LOTTO RESULTS
6/49 000000000000
6/42 000000000000
6 DIGITS 000000000000
3 DIGITS 000000
2 EZ2 0000
P0.0M+
P0.0M+
THE Arellano University Chiefs struck hard
in the second quarter to upset the defend-
ing champion San Beda Red Lions, 89-60,
last Sunday to clinch one of the last two
seminal berths in the 10th Fr. Martin Divi-
sion 2 Cup basketball tournament. Giovanni
Jalalon banged in a game-high 17 points for
the Chiefs, who joined the San Sebastian
College-A Stags in the semis when action
ended at the Arellano University gymnasium
in Legarda, Manila. The Stags put away Infor-
matics, 63-56.
Facing the threat of suspension
from referee supervisor Romy
Guevarra, Alas said a battle of
mismatches could happen again
in the decisive Game 3 of the
88th National Collegiate Athletic
Association mens basketball
tournament.
The Red Lions could either
fold or claim their 17th crown
against the Knights when action
begins at 1 p.m. this Friday at the
Araneta Coliseum.
Kung magkakaroon man ng
adjustments, siguro sa match-
ups. San Beda is such a bal-
anced team. No player can
score beyond 20 points, said
Alas during a break in the de-
liberations of the management
committee Monday evening.
The NCAA management com-
mittee upheld the other night the
recommendation of commission-
er Joe Lipa for Alas to publicly
apologize for his slit-throat
gesture against game ofcials
in Saturdays Game 2 at the SM
Mall of Asia Arena.
Alas eventually apologized
during a four-hour deliberation
held at the Chives Room of the
Bayleaf Hotel in Intramuros.
But the threat of suspension
still looms for Alas as the man-
com heard the side of Guevarra
during another round of delibera-
tions Tuesday afternoon.
He (Alas) is not yet cleared,
said acting NCAA mancom chief
Pagunsan
joins PH
Golf Tour
JAPAN PGA Tour campaigner
Juvic Pagunsan makes a sur-
prise appearance on the Philip-
pine Golf Tour as he joins the P1
million ICTSI Calatagan Chal-
lenge beginning today, turning
the battle for top honors wide
open at the Calatagan Golf and
Country Club in Batangas.
Pagunsan, now based in Ja-
pan after copping last years
Asian Tour Order of Merit
crown, opted to take a much-
deserved break from the Japan
PGA, where he turned in three
Top 10 nishes in 17 tourna-
ments, including a near-miss in
the Japan Open 10 days ago.
He appeared headed for a
breakthrough win, but dropped
three shots in the last two
holes and yielded the crown
to Kenichi Kuboya. Pagunsan
missed the cut the following
week at Bridgestone Open in
Chiba, prompting him to take a
respite and rekindle his ties with
the local pros.
Elmer Salvador also re-
joins the ICTSI PGT after a
two-month long campaign on
the Asian Tour while a host
of others, including defend-
ing champion Jhonnel Ababa,
and rst-time winners Carl
Santos-Ocampo and Charles
Hong, are also in the list, en-
suring a battle royale for the
top P200,000 purse in this
13th leg of the 15-stage circuit
organized by Pilipinas Golf
Tournaments, Inc.
By Peter Atencio
AS Letran coach Louie Alas awaits
the nal decision of the management
committee on his fate, the Knights
continue to ponder their next moves
against the San Beda Red Lions.
By Ronnie Nathanielsz
FIGHTER of the Decade Manny
Pacquiao hammered his sparring
partner, welterweight Anthony
Rocky Marcial, in his rst ses-
sion, forcing him to quit.
Rey Golingan, Pacquiaos
friend since his amateur days
in General Santos City, told the
Manila Standard that the Fili-
pino ring icon has been training
diligently every day, jogging in
the mornings and working out
at his gym in the afternoons,
with childhood friend Buboy
Fernandez. He also plays bas-
ketball to help improve his
physical condition.
Pacquiao appears to be very
serious and is training hard and
looks good, said Golingan of
the ghting congressman, who
is preparing for his fourth ght
with Juan Manuel Marquez at
the MGM Grand Garden Arena
on Dec. 8.
He said Marcial quit after
a series of rapid-re, power
punches from Pacquiao, who
appeared to be too strong and
too quick for his out-of-shape
sparmate.
A promising ghter, Marcial
has an impressive record of
18 wins, 17 by knockout, with
only one defeat at the hands
of hard-hitting Jack Asis, who
dealt him a third-round techni-
cal knockout loss at the Cebu
Coliseum on May 28, 2009.
Top Rank promoter Bob
Arum, who was peeved over
Pacquiaos failure to keep his
commitment to arrive in Los
Angeles and begin training at
Freddie Roachs Wild Card
Gym on Oct. 15, said the Fili-
pino is now scheduled to leave
for the US on Oct. 27, the date
reported by the Manila Stan-
dard a couple of weeks ago.
Marquez, the World Box-
ing Organization junior wel-
terweight champion, has also
begun sparring at his training
camp in Mexico City under
Hall-of-Fame trainer Ignacio
Nacho Beristain.
Juan and I met to outline the
roadmap to follow. We agreed
that [today] well begin the
hard work for this ght. [To-
day] we will start boxing with
sparring partners and do a total
of six rounds, Boxingscene.
com quoted Beristain, who ex-
pects Marquez to spar a total of
120 rounds in the buildup to the
showdown with Pacquiao.
It is more than enough to get
him (Marquez) in great condi-
tion, Beristain told boxing-
scene.com.
The trainer said he had re-
cruited two southpaws to spar
with Marquez for several days,
namely lightweight Daniel San-
tillio, who has a record of 4-1
with 4 knockouts, and Ramses
Rodriguez, after which two
other southpaws will take over.
Pacmans sparmate
quits after 3 rounds
Dax Castellano of the College
of St. Benilde after Fr. Vic Cal-
vo of host Letran inhibited him-
self from the deliberations.
Alas got in trouble over the
slit-throat gesture he made in
the third quarter of Game 2. The
Knights won, 64-55, and forced
a rubber match this Friday.
Towards the end of the contest,
Gueverra angrily charged at the
Letran bench.
Yesterday, Castellano said
the mancom has withheld de-
cision on Alas, who is not yet
cleared to handle the Knights
in Game 3.
Castellano said Alas is-
sued conicting statements
over the public apologies
he made. He instead
asked Alas to write his
letter of apology.
Guevarra has
also been asked
to write a written
letter of apology
for his actions.
The mancom also deferred
on making any decisions to
sanction him.
BASKETBALL chief Manny
V. Pangilinan and amateur box-
ing head Ricky Vargas could
challenge Peping Cojuangcos
bid to again run for the presi-
dency of the Philippine Olym-
pic Committee.
Pangilinan talked about his
plans to run for the top POC
post when he met with at least
18 heads of national sports
associations Monday night
at the Lighthouse restaurant
of the Meralco head office in
Ortigas City.
Manny Lopez, who spoke
on behalf of the NSA heads
who showed up at the meeting,
said they have enough warm
bodies and sufcient commit-
ments to come up with the
right number of votes.
Lopez added that around 25
NSAs have already given their
commitment to support Pang-
ilinans bid.
Under the Pangilinan ticket,
Lopez said they are discussing
the possibility of weightlings
Monico Puentevella getting the
post of chairman.
Lopez, who is with hand-
ball, is eyeing the post of first
vice president and cyclings
Abraham Bambol Tolentino
is setting his sights on the
position of second vice presi-
dent, under the Pangilinan
ticket.
But if Pangilinan declines
the post of president, he will
instead go for the post of chair-
man, and let Vargas run for the
presidency against Cojuangco.
He (Pangilinan) said he
wants to have two days to make
his decision known, said Lo-
pez, who added that the Pang-
ilinan group will nalize their
candidacy before the Oct. 26
deadline. He intimated to the
group that he wants change.
Under the ticket of Cojuang-
co, who is seeking a third term
as president, karatedos Joey
Romasanta is listed as a candi-
date for rst vice president; Jeff
Tamayo is for the second vice
president; and Julian Camacho
is for treasurer. Peter Atencio
MVP may challenge Cojuangco
Nonito Donaire displays his championship belt at the PSA Forum in
Shakeys Malate. EY ACASIO
Gems sparkle. Paolo Taha
(right) of Boracay Rhum tries
to score against Cebuana
Lhuilliers Jun Dizon in
a Philippine Basketball
Association Developmental
League opening game won
by the Gems, 86-76.
B1
Business
Ray S. Eano, Editor business@mst.ph
Roderick T. dela Cruz, Assistant Editor; extrastory2000@gmail.com
Coal Asia
soars 50%
on debut
Philex open to a compromise
40
42
44
46
48
P41.315
CLOSE
Closing OCTOBER 23, 2012
VOLUME 690.450M
HIGH P41.290 LOW P41.335 AVERAGE P41.309
PESO-DOLLAR RATE
PSE COMPOSITE INDEX
Closing October 23, 2012
5,432.32
7.53
5200
4460
3720
2980
2240
1500
1200
IN BRIEF

Smart, StarHub set up LTE
roaming interconnect link
between PH and SG
WIRELESS services
leader Smart Commu-
nications, Inc. (Smart)
has scored another frst
in the Long Term Evo-
lution (LTE) arena with
the setting up of an LTE
roaming interconnect
link with Singapore tel-
co StarHub.
Interconnect links
provide the infrastruc-
ture needed to connect
subscribers of one op-
erator to the network
of another operator, a
crucial frst step toward
commercial roaming.
'AIter being the frst
and only telco to com-
mercially launch a mul-
tiband LTE offering in
the Philippines, Smart
solidifes its dominance
in the LTE space by be-
ing the frst Philippine
telco to set up an in-
terconnect link with a
foreign operator, said
Smart Executive Vice
President and Head of
Wireless Consumer
Division Emmanuel
Lorenzana.
We are pleased to
work with Smart, our
Conexus Mobile Alli-
ance roaming partner
in the Philippines, to
set up an LTE roaming
interconnect infrastruc-
ture between Singapore
and the Philippines,
said Chan Kin Hung,
Head of Marketing &
Products, StarHub. We
look forward to begin
offering commercial
LTE roaming service in
the Philippines to Star-
Hub customers soon.
StarHub is a fully in-
tegrated info-commu-
nications company in
Singapore with an LTE
network providing con-
nection speeds of up to
75 Mbps.
For its part, Smart is
offering dongle-bundled
LTE plans that cur-
rently allow unlimited
Internet surfng at blaz-
ing speeds. Smart also
recently introduced the
Smart LTE Pocket WiFi,
which allows people to
enjoy LTE speeds on
any Wi-Fi-enabled de-
vice.
Currently the fastest
fourth-generation (4G)
wireless connection in
the world, LTE is ca-
pable of speeds as fast
as 100 Mbps, making
it ideal for high-speed
broadband applications.
It allows users to stream
high-defnition (HD)
videos faster, download
HD movies in minutes,
and play lag-free online
games.
Smart is already in
talks with other industry
giants in Asia regarding
LTE roaming partner-
ships, which will allow
Smart subscribers to
surf the Internet at blaz-
ing speeds abroad.
Discussions are cur-
rently ongoing between
Smart and Japans NTT
Docomo, Hong Kongs
Hutchison Telecom-
munications, and South
Koreas KT Corp.
Our links with Star-
Hub are being set up as
we speak, but we con-
tinue to pursue inter-
connect links with other
leading telcos under the
Conexus Mobile Alli-
ance. We are working
hard to turn this into
a commercial service
soon, said Tina Mari-
ano, Group Head of
Smarts Global Access
and International Ser-
vices.
Smart, NTT Docomo,
Hutchison, KT, and
StarHub are all mem-
bers of Conexus, one of
Asias biggest mobile
alliances which seeks to
develop and enhance in-
ternational roaming and
corporate mobile ser-
vices Ior the beneft oI
the member-companies
customers. The Conexus
alliance has a combined
customer base of more
than 330 million mobile
subscribers, 50.9 mil-
lion of whom are Smart
subscribers.
All our LTE roaming
efforts are centered on
providing our subscrib-
ers with all the tools
they need to live more.
Our promise to enable
our customers to Live
More extends beyond
Philippine borders,
Lorenzana said.
Phototakenat theAugust 25, 2012launchof Smart LTEshows (secondfromleft) NapoleonL. Nazareno,
PresidenI andCLOoI PLD1andSmarI, wiIhanL1LhandseI inhis hand. SmarI is IhehrsI andonlyIelco
IocommerciallyoIIer mulIibandL1LserviceinIhePhilippines. WiIhNazarenoare(IromleII) MarioG.
1amayo, Iechnologyservices divisionheadoI SmarI, Noel C. Lorenzana, execuIivevicepresidenI and
headoI Ihewireless consumer divisionoI SmarI, andkolandoG. Pea, neIworkandlPsysIems headoI
PLDTandSmart.
By Jenniffer B. Austria
SHARE price of Coal Asia
Holdings Inc. soared 50 percent
on its stock market debut
Tuesday, closing at P1.50 per
share on positive outlook on coal
prices and possible expansion
into power generation.
Coal Asia treasurer Dexter
Tiu said in a press brieng the
company expected coal demand
to improve as Chinas economy
picked up, leading to higher coal
prices.
Tiu said the company was
also in talks with two power
generating companies to build a
100- to 200-megawatt coal-red
power plant beside its coal mine
site in Davao. The investment in
power plant project will assure
the company of a ready market
for its coal.
The company is in talks with
operators of coal-red power
plants for possible off-take
agreement. Among these are
Global Business Corp., Aboitiz
Power Corp., Manila Electric
Co., Team Energy, Alsons
Consolidated Resources, FDC
Utilities Inc., DMCI Holdings
Inc., Ayala Corp. and San Miguel
Corp.
It is also in discussions with
cement manufacturers Lafarge,
Holcim and Cemex for possible
supply of thermal coal.
Coal Asia is also looking at
India, Japan, Taiwan, Hong
Kong and Vietnam as potential
export markets.
Coal Asia, the second-largest
coal mining company, generated
P800 million from the sale of
800 million shares at P1 per
share.
The company plans to use
proceeds from the public
offering to bring its Mindanao-
based Davao Oriental and
Zamboanga-Sibugay mines to
production by 2014 and 2015,
respectively.
By Othel V. Campos
PHILEX Mining Corp., the biggest
mining company in the Philippines, is
open to forging a compromise with the
Environment Department to resolve issues
surrounding an accidental mine tailings
spill in Benguet province.
settle our issues without going to
the courts, Philex vice president
for corporate affairs Michael
Toledo said in an interview.
He said the company was
hoping everything will be
resolved in due time.
There is a procedure in the
under the Mining Act and the
IRR [implementing rules and
regulations] that will aid us in the
resolution of these issues.
The company maintained that
the incident at Padcal mines that
resulted in its temporary closure
was a force majeure.
Philex said it was also open
to facing arbitration before
the departments Pollution
Adjudication Board if the
government saw the need.
The department has threatened
to revoke Philexs environmental
compliance certicate after the
environmental management
bureau released a notice of
adverse ndings.
The notice claimed the mining
company violated a condition
of the ECC that states pond
efuent discharges shall conform
with the standards set forth
under RA 9275 or the Clean
Water Act of the Philippines
and its implementing rules and
regulations.
The bureau further said non-
compliance with the provisions
of the ECC would require the
revocation of the permit or ne
of P50,000 per violation.
Philex said it remained upbeat
with its revenue prospects in
2013 and planned to resume
operations in the middle of next
year.
The company has trimmed
down revenue projection in 2012
to P1.7 billion from P5 billion.
Philex recently plugged the
source of the leak in one of the
tunnels and continued work on
cleaning up the affected portions
of the Balog Creek and Agno
River, where the mine wastes
were accidentally discharged.
We are willing for a
compromise. Our plan of action
is to work with the DENR. It is
for the best of interests if we can
PH falls in survey
THE Philippines fell two places in a global survey that ranked
countries in terms of ease of doing business, as the country
continues to lag in implementing reforms.
The World Bank and the International Finance Corp. ranked
the Philippines 138th out of 185 countries in the 2013 Ease of
Doing Business scorecard, down from its 136th spot in 2012.
It said the Philippines lags in implementation of regulatory
reforms that would make it easier for local entrepreneurs to
conduct their businesses.
The Philippines continues to improve its macroeconomic
environment, but the implementation of necessary reforms to
reduce the complexity and cost of doing business continues
to lag, and needs higher prioritization to help assure more
inclusive growth, IFC resident representative Jesse Ang said.
The report said opening a business in the Philippines is
much more difcult than in other countries. In New Zealand,
it requires only 1 procedure and 1 day and costs 0.4 percent of
income per capita; in the Philippines it takes 16 procedures and
36 days and costs 18.1 percent of income per capita, the 282-
page report said. Anna Leah G. Estrada
DMCI buys mine stake
DMCI Holdings Inc. said Tuesday its wholly-owned nickel
mining rm is buying 31 percent of a company that has majority
interest in Berong nickel project in Palawan.
DMCI said in a disclosure to the stock exchange DMCI Mining
entered into a memorandum of understanding with Toledo Mining
Corp Plc. for the acquisition of the latters 31-percent interest in
Nickeline Resources Holdings Inc for $6.5 million.
Nickeline Resources owns 60-percent interest in Berong
Nickel Corp., a joint venture between Toledo Mining, Atlas
Consolidated Mining and Development Corp. and ENK.
Operations of Berong nickel resumed last year, after it
suspended production since 2009, amid improving nickel
prices in the world market.
Last month, DMCI and its joint venture partner D&A Income
Ltd. also acquired a 60.7-percent interest in ENK Plc., a UK-
listed nickel a mining rm that is developing a nickel mining
project in Zambales. Jenniffer B. Austria
Rate cut expected
FOREIGN bank HSBC said Monday the Bangko Sentral will
more likely cut its policy rates by another 25 basis points
Thursday against a backdrop of benign ination.
While we think a rate cut will be ineffective at stemming
inows, as these tend to be drawn by strong fundamentals,
BSPs inclination will still be to do what it can, said HSBC
analyst Trinh Nguyen.
Nguyen said the countrys domestic demand was robust and
remittances were higher than expected. Fiscal spending also
continued to be strong but exports were weak.
But even with slowing shipments we expect the economy to
expand by 5.7 percent this year. Ination recently eased to 3.6
percent year-on-year in September from 3.8 percent, and will
likely be benign in the coming months thanks to slowing oil
and abundant food supply, Nguyen said.
Should the BSP cut rates, this would be the end of the easing
cycle, as ination will likely rise in rst half of 2013 to the top of
the BSPs 3 to 5 percent target. Keeping interest rates at a record
low, especially in an above-trend growth environment, also risks
creating asset bubbles, Nguyen added. Anna Leah G. Estrada
Classifeds
ManilaStandardToday
adv.mst@gmail.com
B2
InvItatIon to BId for the Supply & delIvery of two (2) lotS
varIouS ComputerS and Software lICenSeS for the
Corporate offICeS under ItB no. 10-25-2012
Philippine Amusement & Gaming Corporation
A Sure Bet for Progress in Gaming, Entertainment and Nation Building
The Philippine Amusement and Gaming Corporation (PAGCOR) is inviting all interested bidders in its
forthcoming public bidding for the Supply and Delivery of Two (2) Lots Various Computers and Software
Licenses for the Corporate Offces under ITB No. 10-25-2012.
Brief Description LOT 1: COMPUTERS
Four (4) units Branded Laptop Computer
Twenty One (21) units Branded Desktop Computer with 15.6
LCD with LED back-lighted technology Monitor, with Licensed
Operating System, Professional Edition, compatible with those
used in PAGCOR
Three (3) units Clone Desktop Computer, High End, with 22
LCD with LED back-lighted technology Monitor, with Licensed
Operating System, Professional Edition, compatible with those
used in PAGCOR
Thirteen (13) units Clone Desktop Computer, 15.6 LCD with
LED back-lighted technology Monitor, with Licensed Operating
System, Professional Edition, compatible with those used in
PAGCOR
LOT 2: SOFTWARE LICENSES
Sixteen (16) licenses Device Client Access License for active
directory, compatible with those used in PAGCOR
Six (6) licenses Relational Database Device Client Access
License, compatible with those used in PAGCOR
Forty One (41) licenses Productivity Application Software,
Standard Edition (Latest Version), compatible with those
used in PAGCOR
Delivery Schedule Within thirty (30) calendar days from the effectivity date specifed in
the Notice to Proceed.
Approved Budget: The total ABC is Two Million Four Hundred Fifty-Eight Thousand Eight
Hundred Pesos (PhP 2,458,800.00).
The ABC for each of the two (2) lots are as follows:
Lot 1 (Computers):
One Million Six Hundred Seventy-Two Thousand Seven Hundred Pesos
(PhP1,672,700.00), VAT Exclusive, Zero Rated Transaction
Lot 2 (Software Licenses):
Seven Hundred Eighty-Six Thousand One Hundred Pesos (PhP
786,100.00), VAT Exclusive, Zero Rated Transaction
Source of Fund: Internally Funded
Bidders may bid on one or all lots
This bidding is open to all suppliers; provided that the winning bidder should be registered with PAGCOR
prior to award of contract. Unregistered suppliers must register at the Suppliers Registration & Evaluation
Section (SRES), Procurement Department (PD), 2nd Floor PAGCOR House, 1330 Roxas Blvd., Ermita,
Manila, Tel. No. 526-0573.
Bidders should have completed, within the last three (3) years before the date of submission and receipt of bids,
a contract similar to the Project. The description of an eligible bidder is contained in the Bidding Documents,
particularly, in Section II. Instructions to Bidders. Bidding will be conducted through open competitive bidding
procedures using a non-discretionary pass/fail criterion as specifed in the Implementing Rules and
Regulations (IRR) of Republic Act (RA) 9184, otherwise known as the Government Procurement Reform Act.
Bidding is restricted to Filipino citizens/sole proprietorships, partnerships, or organizations with at least sixty
percent (60%) interest or outstanding capital stock belonging to citizens of the Philippines, and to citizens or
organizations of a country the laws or regulations of which grant similar rights or privileges to Filipino citizens,
pursuant to RA 5183 and subject to Commonwealth Act 138.
All particulars relative to Pre-Bid Conference, Evaluation of Bids, Post-Qualifcation and Award of Contract
shall be governed by the pertinent provisions of R.A. 9184 and its IRR.
The schedule of activities is listed, as follows:
Activities Schedule
1. Issuance of Bid Documents Oct. 24, 2012 (Wed) to Nov. 12, 2012 (Mon)
2. Pre-Bid Conference Oct. 30, 2012 (Tue)(2:00pm)
3. Deadline for the Submission and Receipt of Bids Nov. 12, 2012(Mon)(2:00pm)
4. Opening and Preliminary Examination of Bids Nov. 12, 2012(Mon)(2:00pm onwards)
Complete details of the project are indicated in the bid documents which will be available to prospective
bidders at the BAC Secretariat Unit, Procurement Department (BSU-PD), upon payment of a non-refundable
bidding fee in the following amount:
Description
Approved Budget for the Contract
(ABC)
VAT-Exclusive, Zero-rated
Transaction
Bidding Fee
NOTE: Bidders may bid on any
or all lots
Lot 1: Computers One Million Six Hundred Seventy-
Two Thousand Seven Hundred Pesos
(PhP1,672,700.00)
Five Thousand Pesos (PhP 5,000.00)
Lot 2: Sof t war e
Licenses
Seven Hundred Eighty-Six Thousand
One Hundred Pesos (P786,100.00)
One Thousand Pesos (PhP 1,000.00)
Prospective bidders may also download the Bidding Documents free of charge from the following websites:
www.pagcor.ph and www.philgeps.net and may be allowed to submit bids provided that bidders shall pay
the non-refundable bidding fee not later than the date of the submission of bids. The Pre-bid Conference
is open to all interested bidders.. Prospective bidders should present to PAGCORs Cashier at 6th foor,
PAGCOR Corporate Offce, M.H. del Pilar cor. Pedro Gil Sts., Malate, Manila either the Bidding Fee
Slip which may be secured from the BSU-PD or a copy of this ITB in effecting payment for the Bidding
Documents. All Bids must be accompanied by a bid security in any of the acceptable forms and in the
amount stated in ITB Clause 18.
PAGCOR assumes no responsibility whatsoever to compensate or indemnify bidders for any expenses
incurred in the preparation of their bids.
PAGCOR reserves the right to accept or reject any Bid, and to annul the bidding process and reject all Bids
at any time prior to contract award, without thereby incurring any liability to the affected bidder or bidders.
Please address all communications to the Bids and Awards Committee thru the BAC Secretariat Unit,
Room 205, Second Floor, PAGCOR House, 1330 Roxas Boulevard, Ermita, Manila, Tel No.: 524-3911,
521-1542 local 223/571.
(SGD) RODERICK R. CONSOLACION
Chairperson
Bids and awards Committee 3
(MST-Oct. 24, 2012)
(MST-Oct. 24, 2012)
Region III
Nueva Ecija 2
nd
OFFICE OF THE DISTRICT ENGINEER
San Isidro, Cabanatuan City
INVITATION TO BID
Preventive Maintenance (Intermittent Section) along Jct.
Tablang Gabaldon Road, Laur, N.E.
Km.164+000-Km.164+887.93 (887 .93 L.M.)
Contract ID No . 12-CF- 0102.
intends to apply the sum of Php 8,288,887.01 being the Approved Budget for
the Contract (ABC) to payments under the contract for Preventive Maintenance
(Intermittent Section) along Jct. Tablang Gabaldon Road, Laur, N.E.
Km.164+000-Km.164+887.93 (887.93 L.M.), Contract ID No. 12-CF-0102. Bids
received in excess of the ABC shall be automatically rejected at bid opening.
2. The DPWH-NE2ndDEO now invites bids for Preventive Maintenance
(Intermittent Section) along Jct. Tablang Gabaldon Road, Laur, N.E.
Km.164+000-Km.164+887.93 (887.93 L.M.), Contract ID No. 12-CF-0102.
Works includes Asphalt Overlay. Completion of the Works is 20 cal. days.
Regulations (IRR) of Republic Act 9184 (RA 9184), otherwise known as the
Bidding is restricted to Filipino citizens/sole proprietorships, partnerships, or
4. Contractors/applicants who are interested in the DPWH civil works are required
to register prior to the set schedule of submission of bid while those already
registered shall keep their records current and updated. Contractor Profle
Eligibility Process (CPEP) and subject to further post-qualifcation. Information
on registration can be obtained at DPWH website www.dpwh.gov.ph or Central
Procurement Offce (CPO), 5th Floor, DPWH Bldg., Bonifacio Drive, Port Area,
Manila from 8:00 A.M. to 5:00 P.M.
It may also be downloaded free of charge from the website of the Philippine
Government Electronic Procurement System (PhilGEPS) and the DPWH
Website www.dpwh.gov.ph, provided that bidders shall pay the fee for the Bidding
Documents not later than the submission of their bids.
nd
Offce, Brgy. San Isidro, Cabanatuan City which shall be opened only to all
8. Bids must be delivered to the address below on or before November 14, 2012,
10:00 A.M. at the BAC ROOM, this offce. All bids must be accompanied by a bid
security in any of the acceptable forms and in the amount stated in ITB Clause
18.1.
Bids will be opened in the presence of the bidders representatives who choose
Chief Construction Section
San Isidro, Cabanatuan City Nueva Ecija
(044) 600-3281; (044)600-1481
Noted :
District Engineer
(MST-Oct. 24, 2012)
Region III
Nueva Ecija 2
nd
San Isidro, Cabanatuan City
INVITATION TO BID
Rehab./Reconst./Upgrading of Damaged Paved National Road
along Bangad-Fort Magsaysay Road, Cabanatuan City
Km. 123+993.14-Km. 126+(-)157.11 w/ exception
(1,130.47 LM)
Contract ID No. 12-CF-0103.
intends to apply the sum of P 15,015,661.12 being the Approved Budget for the
Contract (ABC) to payments under the contract for Rehab./Reconst./Upgrading
of Damaged Paved National Road along Bangad-Fort Magsaysay Road,
Cabanatuan City Km. 123+993.14-Km. 126+(-)153.19 w/ exception (1,130.47
LM), Contract ID No. 12-CF-0103 Bids received in excess of the ABC shall be
automatically rejected at bid opening.
2. The DPWH-NE2ndDEO now invites bids for Rehab./Reconst./Upgrading
of Damaged Paved National Road along Bangad-Fort Magsaysay Road,
Cabanatuan City Km. 123+993.14-Km. 126+(-)153.19 w/ exception (1,130.47
LM), Contract ID No. 12-CF-0103 Works includes Reblocking. Completion of
the Works is 90 cal. days.
Regulations (IRR) of Republic Act 9184 (RA 9184), otherwise known as the
4. Contractors/applicants who are interested in the DPWH civil works are required to
register prior to the set schedule of submission of bid while those already registered
shall keep their records current and updated. Contractor Profle Eligibility Process
(CPEP) and subject to further post-qualifcation. Information on registration can
be obtained at DPWH website www.dpwh.gov.ph or Central Procurement Offce
(CPO), 5th Floor, DPWH Bldg., Bonifacio Drive, Port Area, Manila from 8:00 A.M.
to 5:00 P.M.
Government Electronic Procurement System (PhilGEPS) and the DPWH
Website www.dpwh.gov.ph, provided that bidders shall pay the fee for the Bidding
Documents not later than the submission of their bids.
nd
Offce, Brgy. San Isidro,Cabanatuan City which shall be opened only to all
8. Bids must be delivered to the address below on or before November 14, 2012, 10:00
A.M. at the BAC ROOM, this offce. All bids must be accompanied by a bid security
in any of the acceptable forms and in the amount stated in ITB Clause 18.1.
Chief Construction Section
San Isidro, Cabanatuan City Nueva Ecija
(044) 600-3281; (044)600-1481
Noted :
District Engineer
Laguna 1 District Engineering Offce
Santa Cruz, Laguna
(MST-Oct. 24, 2012)
I NVI TATI ON TO BI D
The Department of Public Works and Highways-Laguna 1 District Engineering Offce, Santa Cruz,
Laguna, through its Bids and Awards Committee (BAC), invites contractors to bid for the following
contracts:
1. a. Contract ID: 12DH0088
b. Contract Name: Cluster I-Preventive Maintenance (MFO-1) of Calamba-Sta. Cruz-
Famy Jct. Road (Intermittent Sections)
c. Contract Location: a. K0105 + 000 to K0105 + 990
b. K0111 + 000 to K0112 + 030
c. K0112 + 030 to K0112 + 270
d. Scope of Work: Asphalt Overlay of Bituminous Pavement and
application of Thermoplastic Marking
e. Approved Budget for the Contract (ABC)/Cost of Bidding documents:
a. Php7,118,753.00
b. 6,591,509.30
c. 2,434,352.94
Php16,144,615.24/Php10,000.00
f. Duration: 35 c. d.
b. Contract Name: Cluster II-Preventive Maintenance (MFO-1) of Pagsanjan-Lucban
Road (Intermittent Sections)
c. Contract Location: a. K0104 + 219 to K0104 + 647
b. K0104 + 647 to K0104 + 793
c. K0104 + 793 to K0104 + 985
d. K0111 + 000 to K0111 + 560
d. Scope of Work: Asphalt Overlay of Bituminous Pavement and
application of Thermoplastic Marking
a.Php2,962,744.27
b. 926,564.11
c. 1,329,460.93
d. 3,877,046.76
Php9,095,816.07/Php10,000.00
b. Contract Name: Cluster III-Preventive Maintenance (MFO-1) of Pila-Poblacion Road
(Intermittent Sections)
c. Contract Location: a. K0080 + -896 to K0080 + -436
b. K0080 + 003 to K0080 + 671
d. Scope of Work: Asphalt Overlay of Bituminous Pavement and application of
Thermoplastic Marking
a.Php5,901,566.21
b. 6,279,835.69
Php12,181,401.90/Php10,000.00
Bidding will be conducted through open competitive bidding procedures in accordance with the
Revised Implementing Rules and Regulations of Republic Act No. 9184. The priority projects
listed therein chargeable against FY 2013 Regular Infrastructure Fund.
To bid for the contract, a contractor must submit a Letter of Intent (LOI) and must meet the following
major criteria: (a) prior registration with DPWH, (b) Filipino citizen or 75% Filipino-owned partnership,
corporation, cooperative, or joint venture with PCAB license applicable to the type and cost of this
contract, (c) completion of a similar contract costing at least 50% of ABC within a period of ten (10)
years, and (d) Net Financial Contracting Capacity at least equal to ABC, or credit line commitment
for at least equal to 10% of the ABC. The BAC will use non-Discretionary pass/fail criteria in the
eligibility check, preliminary examination of bids.
The signifcant times and deadlines of procurement activities are shown below:
1. Receipt of LOI s from Prospective Bidders From: October 24-November 07, 2012
2. Issuance of Bidding Documents to registered From: October 24-November 14, 2012
Contractors
3. Pre Bid Conference October 31, 2012, 10:00 a. m.
4. Receipts of Bids Deadline: November 14, 2012
until 2:00 p. m.
5. Opening of Bids November 14, 2012, after 2:00 p. m.
Unregistered contractors, however, shall submit their applications for registration to the DPWH-POCW
Central Offce before the deadline set for the receipt of LOIs. The DPWH POCW- Central Offce will
only process contractors applications, with complete requirements, for registration and to be issued
the Contractors Certifcate of Registration (CRC).
Prospective bidders shall submit their duly accomplished forms as specifed in the Bidding Documents
(BDs) in two (2) separate sealed bid envelope to the BAC Chairman, DPWH-Laguna 1
st
District
Engineering Offce, Sta. Cruz, Laguna. The frst envelope shall contain the technical component of the
bid, including the eligibility requirements. The second envelope shall contain the fnancial component
of the bid. Contract will be awarded to the Lowest Calculated Responsive Bid as determined in the
bid evaluation and post qualifcation.
Prospective bidders may download the Registration form from the DPWH website www.dpwh.gov.ph
The BAC will issue hard copies of Bid Documents at DPWH-Laguna 1
st
District Engineering Offce,
BAC Secretariat Offce, Sta. Cruz, Laguna upon payment of a non-refundable fee (refer to the above
schedule of fee/project) for bidding documents. Bidders that will download the BDs from the DPWH
website shall pay the said fees on or before the submission of bids. All bids must be accompanied
by a bid security in any acceptable forms in the amount stated in Section 27.2 of the Revised IRR.
Interested contractors are also required to present the originals of their PCAB License and Contractors
Registration Certifcate to the BAC for authentication.
The DPWH-Laguna 1 District Engineering Offce, Sta. Cruz, Laguna reserves the right to accept or
reject any bid and to annul the bidding process anytime before Contract award, without incurring
any liability to the affected Bidder or Bidders.

(Sgd.) THEODORO S. LLANTOS
Asst. District Engineer
BAC Chairman
Telefax. No. (049) 810-4090 loc. 47033
NOTED:
(Sgd.) NESS S. VILLANUEVA
District Engineer
(MST-Oct. 24, 2012)
RE-I NVI TATI ON TO BI D
DEPARTMENT OF PUBLIC WORKS AND HIGHWAYS
Region IV-B, MIMAROPA
Mindoro Occidental District Engineering Offce
Mamburao, Occidental Mindoro
October 22, 2012
1. The Department of Public Works and Highways, Mindoro Occidental I District
Engineering Offce, Mamburao, Occidental Mindoro, through the General Appropriations
Act of CY-2011 under DPWH Infrastructure Program (Savings)intends to apply the sum of
the Approved Budget for the Contract (ABC) to payments under the contract/s for the hereunder
project/s. Bids received in excess of the ABC shall be automatically rejected at bid opening.
1.1 a. Contract ID : 11EB0162
b. Contract Name : Replacement/Reconstruction of Aruyan Bridge 2
along Jct. MWCR (San Isidro)-Penal Colony-Jct.
Yapang Road
c. Contract Location : Brgy. Malisbong, Sablayan, Occidental Mindoro
d. Scope of Work : Construction of 12.00 LM Flat Slab Bridge
e. Approved Budget for the
Contract (ABC)
:
P 8,329,881.88
f. Contract Duration : 205C.D.
1.2 a. Contract ID : 12EB0070
b. Contract Name : Replacement/Reconstruction of Mangat Bridge
along Mindoro West Coastal Road
c. Contract Location : Brgy. San Pedro, Rizal, Occidental Mindoro
d. Scope of Work : Construction of 12 L.M.Flat Slab Bridge
e. Approved Budget for the
Contract (ABC)
:
P 7,505,852.76
f. Contract Duration : 185C.D.
Engineering Offce, Mamburao, Occidental Mindoro, through the General Appropriations
Act of CY-2011 under DPWH Infrastructure Program (Savings)now invites bids for above
projects. Bidders should have completed, within ten (10) years from the date of submission and
receipt of bids, a contract similar to the Project. The description of an eligible bidder is contained
in the Bidding Documents, particularly, in Section II. Instructions to Bidders.
3. Bidding will be conducted through open competitive bidding procedures using non-discretionary
pass/fail criterion as specifed in the Implementing Rules and Regulations (IRR) of Republic Act
9184 (RA 9184), otherwise known as the Government Procurement Reform Act.
Bidding is restricted to Filipino citizens/sole proprietorships, partnerships, or organizations with
at least seventy fve percent (75%) interest or outstanding capital stock belonging to citizens
of the Philippines.
4. Interested bidders may obtain further information from Department of Public Works and
Highways, Mindoro Occidental I District Engineering Offce, Mamburao, Occidental
Mindoro and inspect the Bidding Documents at the address given below from 8:00 AM to
5:00 PM.
5. Acomplete set of Bidding Documents may be purchased by interested Bidders fromOctober 24,
2012 to November 12, 2012from the address below from and upon payment of a nonrefundable
fee for the Bidding Documents in the amount of P 10,000.00 each. The Bidding Documents
shall be received personally by the prospective Bidder or his authorized representative.
It may also be downloaded free of charge from the website of the Philippine Government
Electronic Procurement System (PhilGEPS) and DPWH website www.dpwh.gov.ph, provided
that Bidders shall pay the nonrefundable fee for the Bidding Documents not later than the
submission of their bids.
Engineering Offce, Mamburao, Occidental Mindoro will hold a Pre-Bid Conference on 10:00
A.M. on October 31, 2012 at BAC Offce., DPWH, Mindoro Occidental I DEO, Mamburao,
Occidental Mindoro, which shall be open to all interested parties.
7. Bids must be delivered to the address below on or before 10:00 A.M. on October 12, 2012 at
BAC Offce, DPWH, Mindoro Occidental I DEO, Mamburao, Occidental Mindoro. All bids
must be accompanied by a bid security in any of the acceptable forms and in the amount (a)
Cash or cashiers/managers check issued by a Universal or Commercial Bank., two percent
(2%) of the ABC; (b) Bank draft/guarantee or irrevocable letter of credit issued by a Universal
or Commercial Bank: Provided, however, that it shall be confrmed or authenticated by a
Universal or Commercial Bank, if issued by a foreign bank, two percent (2%) of the ABC; (c)
Surety bond callable upon demand issued by a surety or insurance company duly certifed
by the Insurance Commission as authorized to issue such security, fve percent (5%) of the
ABC; (d) Any combination of the foregoing, proportionate to share of form with respect to
total amount of security; and (e) Bid-Securing Declaration.
Bids will be opened in the presence of the bidders representatives who choose to attend at
the address below. Late bids shall not be accepted.
8. Opening of Bids will be on 2:00 P.M. on November 12, 2012 at BAC Offce, DPWH, Mindoro
Occidental I DEO, Mamburao, Occidental Mindoro.
Engineering Offce, Mamburao, Occidental Mindoro reserves the right to accept or reject
any bid, to annul the bidding process, and to reject all bids at any time prior to contract award,
GERARDO D. CLEMENTE
Engineer III
DPWH, Mindoro Occidental I DEO
Km. 407 Airport Road
Mamburao, Occidental Mindoro
Tel. & Fax No. (043)-711-1012
Email Address: dpwh_mindoro_occidental_bac@yahoo.com
(Sgd.) GERARDO D. CLEMENTE
BAC CHAIRMAN
SUPPLEMENTAL BI D BULLETI N NO. 13-005
Subject: Amendments of Bidding Documents
This Supplemental Bid bulletin No. 13-005 is issued to modify or amend the
bidding documents of the above stated contract. It shall form an integral part of the
bidding document.
This is to inform all concerned that due to revision of program of work of the above
stated contract the Approved Budget for the Contract and Items of work as refected
in the Bill of Quantities were changed, thus;
Advertised New
1. Approved Budget for the
Contract
23,446,349.59 23,455,757.17
Approved:
(Sgd.) RUDYARD M. LIM
BAC - Chairman
OIC-Asst. District Engineer
(MST-Oct. 24, 2012)
Eastern Samar District Engineering Ofce
Borongan City
Tel. No. (055) 560-9423
Fax No. (055) 261-2196
Email Address: dpwh_esed@yahoo.com
Oct. 18, 2012
bidding documents of the above stated contract. It shall form an integral part of
the bidding document.
This is to inform all concerned that the ABCof the above stated contract is
changed, thus;
Advertised New
P 22,881,379.56 P 22,873,208.82
Approved:
BAC - Chairman
(MST-Oct. 24, 2012)
Borongan City
Tel. No. (055) 560-9423
Fax No. (055) 261-2196
Oct. 18, 2012
(MST-Oct. 24, 2012)
The City Government of Makati, through its Bids and Awards Committee (BAC), invites registered suppliers/manufacturers/
distributors/contractors to bid for the hereunder projects:
NO. NAME OF PROJECT AND BRIEF DESCRIPTION LOCATION APPROVED BUDGET
1 Tablet PC for the use of various schools of Dep-Ed Makati DEP-ED P9,000,000.00
2 Absorbent Cotton and other medical supplies for the use of Ospital ng Makati OSMAK P6,222,891.00
3 Desktop Computers and Laser Printer for the use of Makati Health Department MHD P2,336,730.00
Prospective Bidders should have experience in undertaking a similar project with an amount of at least 50% of the
proposed project for bidding. The Eligibility Check/Screening as well as the Preliminary Examinations of Bids shall use non-
discretionary pass/fail criteria. Post-Qualifcation of the Lowest Calculated Bid shall be conducted.
All particulars relative to Eligibility Statement and Screening, Bid Security, Performance Security, Pre-Bidding Conference(s),
Evaluation of Bids, Post-Qualifcation and Award of Contract shall be governed by the pertinent provisions of R.A. 9184 and its
Implementing Rules and Regulations (IRR).
The complete schedule of activities is listed, as follows:
ACTIVITIES SCHEDULE
1. Pre-Bidding Conference at BAC Conference Room, 9th Floor November 06, 2012 (02:00 P.M.)
2. Opening of Bids at BAC Conference Room, 9th Floor November 20, 2012 (02:00 P.M.)
Bidding Documents will be available only to Prospective Bidders upon payment of a non-refundable amount of
______________________to the City Government of Makati Cashier.
(fee for Bid Documents) (Procuring Entity)
The City Government of Makati assumes no responsibility whatsoever to compensate or indemnify bidders for
(Procuring Entity)
any expenses incurred in the preparation of the bid.
The City of Makati reserves the right to disqualify any or all proposal, to waive any defects or informalities therein and to
accept such proposal as may be considered most advantageous to the Government.
Approved by:
(Sgd.) MARJORIE A. DE VEYRA
Chairperson

Bids and Awards Committee
J.P. Rizal St. corner F. Zobel St., Makati City
Tel. No. 870-1000 Fax No. 899-8988
www.makati.gov.ph
INVITATION TO BID
REPUBLIKA NG PILIPINAS
LUNGSOD NG MAKATI
Business
ManilaStandardToday extrastory2000@gmail.com business@mst.ph OCTOBER 24, 2012 WEDNESDAY
B3
TRADI NG SUMMARY
SHARES VALUE
FINANCIAL 8,083,517 535,091,763.2
INDUSTRIAL 299,161,817 829,379,221.962
HOLDING FIRMS 2,850,896,178 1,703,156,722.528
PROPERTY 195,460,851 44,781,862.428
SERVICES 462,878,680 1,695,945,938.377
MINING & OIL 1,179,707,202 571,660,102.484
GRAND TOTAL 4,996,188,245 5,783,052,380.982
FINANCIAL 1,385.73 (UP) 8.16
INDUSTRIAL 8,428.88 (UP) 19.53
HOLDING FIRMS 4,672.03 (UP) 14.87
PROPERTY 2,092.13 (DOWN) 0.83
SERVICES 1,750.41 (DOWN) 7.14
MINING & OIL 20,143.79 (DOWN) 0.48
PSEI 5,432.32 (UP) 7.53
All Shares Index 3,594.96 (UP) 5.06
Gainers: 80; Losers: 78; Unchanged: 48; Total: 206
Market rebounds;
Belle, Alcorn gain
52 Weeks Previous % Net Foreign
High Low STOCKS Close High Low Close Change Volume Trade/Buying
MST BUSINESS DAILY STOCKS REVIEW
TUESDAY, OCTOBER 23, 2012
M
S
T
FINANCIAL
70.50 46.00 Banco de Oro Unibank Inc. 63.60 64.10 63.60 63.75 0.24 533,240 (7,233,858.00)
77.45 50.00 Bank of PI 82.45 83.70 82.45 83.50 1.27 812,780 37,487,371.00
1.82 0.68 Bankard, Inc. 0.71 0.75 0.74 0.75 5.63 182,000
595.00 370.00 China Bank 53.40 53.40 53.00 53.05 (0.66) 153,070 164,960.00
2.20 1.42 BDO Leasing & Fin. Inc. 2.00 2.00 2.00 2.00 0.00 31,000
23.90 13.80 COL Financial 19.00 19.36 19.00 19.36 1.89 11,300
20.70 18.50 Eastwest Bank 22.95 23.10 22.80 22.90 (0.22) 1,509,600 (12,559,585.00)
89.00 50.00 First Metro Inv. 86.55 86.50 86.50 86.50 (0.06) 2,790
3.26 1.91 I-Remit Inc. 2.78 2.78 2.70 2.78 0.00 6,000
650.00 420.00 Manulife Fin. Corp. 490.00 485.00 480.00 480.00 (2.04) 200
39.20 3.00 Maybank ATR KE 21.00 22.20 21.50 22.20 5.71 9,800
102.50 60.00 Metrobank 92.25 93.85 92.80 93.00 0.81 3,098,520 (140,689,682.50)
3.06 1.30 Natl Reinsurance Corp. 1.85 1.87 1.85 1.87 1.08 118,000
94.50 56.00 Phil Bank of Comm 74.00 72.00 72.00 72.00 (2.70) 1,170
77.80 41.00 Phil. National Bank 72.35 73.00 72.00 72.80 0.62 128,440 (764,045.50)
95.00 69.00 Phil. Savings Bank 85.00 85.00 85.00 85.00 0.00 10,300
500.00 210.00 PSE Inc. 372.20 372.00 368.00 368.00 (1.13) 4,930
45.50 29.45 RCBC À 45.70 45.85 45.50 45.80 0.22 56,700.00 2,464,760.00
155.20 77.00 Security Bank 165.90 166.90 165.00 166.60 0.42 282,420 14,046,985.00
1100.00 879.00 Sun Life Financial 990.00 990.00 989.00 990.00 0.00 100
140.00 58.00 Union Bank 107.00 107.40 107.00 107.00 0.00 337,270 16,692,000.00
2.06 1.43 Vantage Equities 2.21 2.24 2.21 2.23 0.90 793,000 111,000.00
INDUSTRIAL
35.50 26.50 Aboitiz Power Corp. 33.45 33.90 33.40 33.50 0.15 273,700 1,578,525.00
13.58 8.00 Agrinurture Inc. 8.14 8.11 8.10 8.10 (0.49) 68,700 40,500.00
23.95 11.98 Alaska Milk Corp. 16.10 17.00 16.50 17.00 5.59 7,700
1.70 0.97 Alliance Tuna Intl Inc. 1.80 1.85 1.71 1.83 1.67 14,905,000 (15,207,920.00)
48.00 25.00 Alphaland Corp. 27.95 27.55 26.00 27.55 (1.43) 1,000 5,510.00
1.62 1.08 Alsons Cons. 1.43 1.46 1.42 1.44 0.70 4,713,000 43,000.00
Asiabest Group 20.50 20.50 20.00 20.00 (2.44) 15,800
2.96 2.12 Calapan Venture 3.75 3.75 3.75 3.75 0.00 9,000
2.75 2.30 Chemrez Technologies Inc. 2.92 2.94 2.86 2.94 0.68 192,000 211,300.00
9.74 7.41 Cirtek Holdings (Chips) 11.92 11.92 11.56 11.92 0.00 1,900
6.41 4.83 Energy Devt. Corp. (EDC) 6.20 6.25 6.20 6.24 0.65 7,867,000 (4,969,955.00)
7.77 2.80 EEI 8.90 9.00 8.83 8.84 (0.67) 2,518,700 (4,969,955.00)
3.80 1.00 Euro-Med Lab. 1.80 1.99 1.80 1.80 0.00 14,000
19.40 12.50 First Gen Corp. 21.75 22.00 21.50 21.95 0.92 7,451,800 117,225,615.00
79.30 51.50 First Holdings A 79.85 80.00 79.80 79.90 0.06 1,069,980 (62,364,630.50)
27.00 17.50 Ginebra San Miguel Inc. 18.00 19.40 19.40 19.40 7.78 200
0.02 0.0110 Greenergy 0.0190 0.0200 0.0190 0.0200 5.26 222,600,000
13.10 7.80 Holcim Philippines Inc. 13.24 13.40 13.20 13.30 0.45 94,100 1,198,560.00
6.00 3.80 Integ. Micro-Electronics 4.00 3.99 3.95 3.99 (0.25) 40,000
120.00 80.00 Jollibee Foods Corp. 101.90 102.00 101.00 101.00 (0.88) 136,160 (5,497,694.00)
8.40 1.04 LMG Chemicals 2.19 2.22 2.10 2.15 (1.83) 214,000
1.90 1.11 Mabuhay Vinyl Corp. 1.68 1.68 1.50 1.68 0.00 17,000
27.45 18.10 Manila Water Co. Inc. 28.45 28.80 28.45 28.80 1.23 916,400 (4,089,120.00)
6.95 0.75 Mariwasa MFG. Inc. 3.42 2.99 2.99 2.99 (12.57) 10,000
18.10 8.12 Megawide 16.780 16.960 16.800 16.800 0.12 136,700 838,320.00
280.60 215.00 Mla. Elect. Co À 282.00 290.00 281.40 281.40 (0.21) 548,270 8,250,150.00
12.20 7.50 Pancake House Inc. 7.36 8.00 7.40 8.00 8.70 7,100
3.65 1.96 Pepsi-Cola Products Phil. 4.91 5.05 4.89 5.00 1.83 4,343,000 (4,830,260.00)
16.00 9.70 Petron Corporation 10.86 10.88 10.80 10.80 (0.55) 1,539,700
13.70 10.20 Phinma Corporation 10.60 10.80 10.40 10.80 1.89 700
14.94 8.05 Phoenix Petroleum Phils. 8.06 8.10 8.05 8.09 0.37 42,700
4.42 1.01 RFM Corporation 3.94 3.98 3.92 3.96 0.51 1,539,000 129,820.00
2.49 1.10 Roxas and Co. 2.40 2.30 2.30 2.30 (4.17) 4,000 (9,200.00)
6.50 2.90 Salcon Power Corp. 5.00 5.00 5.00 5.00 0.00 53,500
34.60 26.50 San Miguel Brewery Inc. 34.10 34.10 34.00 34.10 0.00 73,600
129.20 110.20 San Miguel Corp À 110.00 110.00 109.50 110.00 0.00 304,780 11,613,370.00
2.62 1.25 Seacem 2.50 2.50 2.45 2.50 0.00 1,578,000 154,960.00
2.44 1.73 Splash Corporation 1.82 1.82 1.80 1.80 (1.10) 52,000
0.196 0.112 Swift Foods, Inc. 0.157 0.161 0.156 0.159 1.27 5,100,000
14.66 3.30 Tanduay Holdings 11.70 11.80 11.62 11.68 (0.17) 553,900 583,000.00
2.88 1.99 TKC Steel Corp. 2.06 2.04 2.00 2.04 (0.97) 310,000
1.41 0.90 Trans-Asia Oil 1.27 1.28 1.26 1.27 0.00 5,346,000 (38,100.00)
69.20 37.00 Universal Robina 73.50 74.00 73.30 73.75 0.34 291,530 2,475,003.00
5.50 1.05 Victorias Milling 1.13 1.17 1.12 1.15 1.77 3,421,000
0.77 0.320 Vitarich Corp. 0.890 0.910 0.870 0.910 2.25 3,121,000 (180,500.00)
HOLDING FIRMS
1.18 0.65 Abacus Cons. À 0.76 0.76 0.72 0.73 (3.95) 1,858,900 98,000.00
59.90 35.50 Aboitiz Equity 48.80 48.80 48.30 48.50 (0.61) 80,800 1,212,135.00
0.019 0.014 Alcorn Gold Res. 0.1400 0.1560 0.1400 0.1540 10.00 2,648,280,000 (245,050.00)
13.70 8.00 Alliance Global Inc. 15.10 15.10 14.92 14.94 (1.06) 6,395,700 (32,920,164.00)
2.60 1.80 Anglo Holdings A 2.01 2.17 2.03 2.05 1.99 1,054,000
5.02 3.00 Anscor À 4.93 4.95 4.91 4.95 0.41 15,000
6.98 0.260 Asia Amalgamated A 6.05 6.30 5.70 5.92 (2.15) 2,582,700 (118,200.00)
2.98 1.49 ATN Holdings A 1.41 1.46 1.31 1.41 0.00 208,000
4.16 2.30 ATN Holdings B 1.50 1.47 1.35 1.36 (9.33) 4,645,000
485.20 272.00 Ayala Corp À 428.00 434.00 428.00 433.60 1.31 228,260 39,601,276.00
64.80 30.50 DMCI Holdings 56.00 56.10 55.95 56.05 0.09 337,150 (323,567.00)
5.20 3.30 Filinvest Dev. Corp. 4.15 4.15 4.14 4.14 (0.24) 86,000 (248,420.00)
0.98 0.10 Forum Pacic 0.232 0.228 0.222 0.228 (1.72) 30,000
556.00 455.40 GT Capital 528.00 543.00 528.00 533.50 1.04 451,700 99,159,045.00
36.20 19.00 JG Summit Holdings 32.90 33.30 32.90 33.00 0.30 203,300 2,761,010.00
4.19 2.27 Jolliville Holdings 7.65 7.70 7.30 7.60 (0.65) 121,500
6.21 4.00 Lopez Holdings Corp. 5.32 5.36 5.29 5.30 (0.38) 3,618,600 (17,520,635.00)
1.54 0.61 Lodestar Invt. Holdg.Corp. 1.31 1.39 1.23 1.23 (6.11) 120,037,000 2,580,270.00
0.91 0.300 Mabuhay Holdings À 0.42 0.42 0.42 0.42 0.00 110,000
3.82 1.800 Marcventures Hldgs., Inc. 2.08 2.14 2.05 2.08 0.00 844,000 53,560.00
4.65 2.56 Metro Pacic Inv. Corp. 4.13 4.13 4.09 4.11 (0.48) 26,702,000 (18,556,940.00)
9.66 1.22 MJCI Investments Inc. 9.00 8.99 6.82 7.00 (22.22) 342,900
0.0770 0.045 Pacica À 0.0490 0.0480 0.0470 0.0480 (2.04) 4,500,000
2.20 1.20 Prime Media Hldg 1.310 1.310 1.300 1.310 0.00 327,000
0.82 0.44 Prime Orion 0.510 0.500 0.500 0.500 (1.96) 1,000
4.10 1.56 Republic Glass A 2.89 2.85 2.00 2.85 (1.38) 17,000 (32,500.00)
2.40 1.01 Seafront À 1.57 1.57 1.57 1.57 0.00 8,000
760.00 450.00 SM Investments Inc. 820.00 829.50 820.00 829.50 1.16 602,000 414,885,575.00
2.71 1.08 Solid Group Inc. 1.99 2.04 1.97 1.99 0.00 7,890,000 100,000.00
1.57 1.14 South China Res. Inc. 1.15 1.15 1.15 1.15 0.00 10,000
0.420 0.101 Unioil Res. & Hldgs 0.2420 0.2420 0.2420 0.2420 0.00 40,000
0.620 0.082 Wellex Industries 0.3000 0.3000 0.2900 0.2900 (3.33) 1,940,000
0.980 0.380 Zeus Holdings 0.400 0.405 0.395 0.400 0.00 560,000
P R O P E R T Y
3.34 1.70 A. Brown Co., Inc. 3.15 3.24 3.08 3.14 (0.32) 437,000
0.83 0.42 Araneta Prop À 0.550 0.650 0.580 0.620 12.73 8,897,000
0.195 0.150 Arthaland Corp. 0.184 0.177 0.177 0.177 (3.80) 300,000
24.15 13.36 Ayala Land `B 23.45 23.50 23.25 23.35 (0.43) 1,839,200 3,601,250.00
5.62 3.08 Belle Corp. À 5.18 5.32 5.18 5.27 1.74 12,751,300 4,613,161.00
2.85 1.35 Century Property 1.46 1.46 1.43 1.45 (0.68) 5,293,000 (434,040.00)
2.91 1.20 City & Land Dev. 2.40 2.30 2.30 2.30 (4.17) 20,000
1.50 1.05 Cityland Dev. À 1.12 1.12 1.12 1.12 0.00 18,000
1.11 0.67 Cyber Bay Corp. 0.82 0.83 0.82 0.83 1.22 3,361,000
0.94 0.54 Empire East Land 0.940 0.980 0.930 0.980 4.26 86,375,000 1,727,520.00
3.80 2.90 Eton Properties 3.62 3.59 2.90 3.26 (9.94) 1,503,000 (66,780.00)
0.310 0.10 Ever Gotesco 0.255 0.260 0.255 0.260 1.96 4,360,000 (25,500.00)
2.74 1.63 Global-Estate 1.88 1.88 1.84 1.88 0.00 4,879,000 (3,082,920.00)
1.44 0.98 Filinvest Land,Inc. 1.37 1.38 1.37 1.37 0.00 8,660,000 4,088,990.00
3.80 1.21 Highlands Prime 2.18 2.60 2.24 2.55 16.97 661,000 618,080.00
2.14 0.65 Interport À 1.33 1.33 1.26 1.26 (5.26) 958,000 796,610.00
2.34 1.51 Megaworld Corp. 2.45 2.49 2.45 2.45 0.00 29,921,000 2,766,760.00
0.36 0.150 MRC Allied Ind. 0.1660 0.1730 0.1660 0.1700 2.41 4,390,000
0.990 0.089 Phil. Estates Corp. 0.6500 0.6500 0.6100 0.6200 (4.62) 10,605,000
19.94 10.00 Robinsons Land `B 19.32 19.50 19.00 19.50 0.93 99,000 318,472.00
7.71 2.51 Rockwell 3.17 3.24 3.16 3.17 0.00 110,000
2.85 1.81 Shang Properties Inc. 2.89 2.90 2.80 2.89 0.00 9,000 19,600.00
8.95 6.00 SM Development À 6.18 6.22 6.16 6.20 0.32 472,900 1,680,919.00
18.20 10.94 SM Prime Holdings 14.50 14.50 14.40 14.40 (0.69) 8,128,900 (38,006,360.00)
0.91 0.64 Sta. Lucia Land Inc. 0.67 0.68 0.67 0.68 1.49 525,000
4.55 1.80 Starmalls 3.68 3.67 3.67 3.67 (0.27) 71,000
0.64 0.45 Suntrust Home Dev. Inc. 0.510 0.530 0.510 0.530 3.92 88,000
4.66 2.60 Vista Land & Lifescapes 4.740 4.800 4.740 4.780 0.84 669,000 (641,290.00)
S E R V I C E S
4.72 1.20 2GO Group 1.70 1.70 1.70 1.70 0.00 14,000
42.00 24.80 ABS-CBN 29.95 30.30 30.00 30.20 0.83 65,100
18.98 1.05 Acesite Hotel 1.33 1.34 1.30 1.33 0.00 139,000
0.78 0.45 APC Group, Inc. 0.610 0.610 0.600 0.600 (1.64) 2,060,000
10.92 7.30 Asian Terminals Inc. 9.30 9.30 9.20 9.30 0.00 66,900 621,650.00
102.80 4.45 Bloomberry 13.50 13.70 13.36 13.36 (1.04) 4,376,800 (2,405,474.00)
0.5300 0.1010 Boulevard Holdings 0.1450 0.1460 0.1420 0.1440 (0.69) 34,430,000
24.00 5.20 Calata Corp. 6.20 6.76 6.20 6.24 0.65 7,345,100 102,320.00
82.50 60.80 Cebu Air Inc. (5J) 56.85 57.60 56.90 57.40 0.97 550,400 (22,253,263.50)
10.60 8.20 Centro Esc. Univ. 10.50 10.50 10.50 10.50 0.00 100
9.70 5.44 DFNN Inc. 5.50 5.50 5.40 5.40 (1.82) 29,200 (550.00)
1750.00 800.00 FEUI 1000.00 1005.00 1005.00 1005.00 0.50 20
1270.00 831.00 Globe Telecom 1148.00 1158.00 1148.00 1152.00 0.35 21,945 10,748,245.00
11.00 6.18 GMA Network Inc. 8.30 8.50 8.27 8.50 2.41 108,700
77.00 43.40 I.C.T.S.I. 70.00 71.00 69.35 69.45 (0.79) 582,900 (6,713,688.00)
0.98 0.36 Information Capital Tech. 0.440 0.445 0.420 0.445 1.14 190,000 4,450.00
6.80 4.30 IPeople Inc. À 7.50 8.80 7.60 8.60 14.67 85,000
4.70 1.75 IP Converge 2.56 2.67 2.38 2.38 (7.03) 187,000
34.50 0.036 IP E-Game Ventures Inc. 0.057 0.060 0.055 0.056 (1.75) 375,400,000 (351,780.00)
3.87 1.00 IPVG Corp. 1.01 1.04 1.00 1.03 1.98 4,280,000 26,260.00
0.0760 0.042 Island Info 0.0460 0.0480 0.0450 0.0460 0.00 10,600,000
5.1900 2.550 ISM Communications 2.7600 2.7600 2.7500 2.7500 (0.36) 46,000
10.30 5.90 Leisure & Resorts 9.00 9.10 8.91 8.96 (0.44) 672,800 (862,092.00)
3.96 2.70 Macroasia Corp. 2.75 2.75 2.74 2.75 0.00 61,000
4.08 1.21 Manila Jockey 3.29 3.32 2.92 2.92 (11.25) 7,228,000 423,460.00
9.60 6.50 Metro Pacic Tollways 5.81 6.50 6.50 6.50 11.88 400
22.95 13.80 Pacic Online Sys. Corp. 14.10 14.10 14.10 14.10 0.00 82,100
8.58 5.35 PAL Holdings Inc. 5.50 5.60 5.36 5.59 1.64 70,700 (21,600.00)
3.39 1.05 Paxys Inc. 2.73 2.76 2.73 2.76 1.10 679,000 (55,200.00)
71.00 18.00 Phil. Seven Corp. 73.00 73.50 73.00 73.50 0.68 152,000 11,102,520.00
17.88 12.10 Philweb.Com Inc. 15.12 15.30 14.92 15.00 (0.79) 1,462,100 3,861,732.00
2886.00 2096.00 PLDT Common 2668.00 2680.00 2650.00 2650.00 (0.67) 493,505 (35,030,700.00)
0.39 0.25 PremiereHorizon 0.330 0.335 0.330 0.335 1.52 810,000
30.15 10.68 Puregold 30.65 31.05 30.65 30.90 0.82 1,586,800 (19,331,530.00)
STI Holdings 1.65 1.62 1.35 1.39 (15.76) 7,005,000 31,390.00
3.30 2.42 Transpacic Broadcast 2.60 2.50 2.43 2.50 (3.85) 5,000
0.79 0.34 Waterfront Phils. 0.440 0.440 0.430 0.440 0.00 90,000
Yehey 2.270 2.300 2.200 2.250 (0.88) 1,260,000 (150,200.00)
MINING & OIL
0.0083 0.0038 Abra Mining 0.0056 0.0055 0.0055 0.0055 (1.79) 217,000,000
6.20 3.01 Apex À 4.65 4.66 4.63 4.65 0.00 52,000
6.22 3.00 Apex `B 4.80 4.80 4.80 4.80 0.00 6,000 28,800.00
20.80 14.50 Atlas Cons. À 17.90 17.92 17.86 17.88 (0.11) 2,732,100 249,876.00
48.00 20.00 Atok-Big Wedge À 26.00 26.00 26.00 26.00 0.00 500 5,200.00
0.345 0.170 Basic Energy Corp. 0.270 0.270 0.265 0.270 0.00 3,260,000
29.00 19.98 Benguet Corp À 22.70 23.00 22.70 22.80 0.44 21,000
34.00 21.20 Benguet Corp `B 22.50 22.60 22.60 22.60 0.44 3,300
2.23 1.05 Century Peak Metals Hldgs 1.07 1.07 1.07 1.07 0.00 133,000
Coal Asia 1.00 1.50 1.34 1.50 50.00 301,547,000 7,387,000.00
61.80 6.96 Dizon 19.60 19.98 19.46 19.46 (0.71) 136,700
1.21 0.50 Geograce Res. Phil. Inc. 0.58 0.60 0.57 0.57 (1.72) 7,562,000
1.81 1.0600 Lepanto À 1.120 1.140 1.120 1.140 1.79 8,725,000
2.070 1.0900 Lepanto `B 1.210 1.200 1.180 1.200 (0.83) 13,581,000 4,896,240.00
0.085 0.042 Manila Mining À 0.0570 0.0570 0.0560 0.0570 0.00 162,240,000
0.840 0.570 Manila Mining `B 0.0560 0.0560 0.0560 0.0560 0.00 31,410,000 56,000.00
36.50 15.04 Nickelasia 17.18 17.20 17.14 17.20 0.12 60,100 661,322.00
12.84 2.91 Nihao Mineral Resources 7.00 7.00 6.91 6.92 (1.14) 262,300
1.100 0.008 Omico 0.6200 0.6200 0.6100 0.6100 (1.61) 277,000
8.40 2.99 Oriental Peninsula Res. 4.350 4.380 4.310 4.310 (0.92) 352,000
0.032 0.014 Oriental Pet. À 0.0190 0.0190 0.0190 0.0190 0.00 167,600,000
7.05 5.10 Petroenergy Res. Corp. 5.93 5.98 5.92 5.98 0.84 74,400 (3,552.00)
28.25 18.40 Philex À 15.38 15.48 15.28 15.36 (0.13) 1,453,900 (1,605,758.00)
48.00 3.00 PhilexPetroleum 26.80 26.80 25.55 26.80 0.00 103,600 318,670.00
0.062 0.017 Philodrill Corp. À 0.045 0.045 0.044 0.044 (2.22) 73,400,000
65.00 39.00 PNOC Expls `B 57.00 50.00 50.00 50.00 (12.28) 500
257.80 161.10 Semirara Corp. 222.20 222.00 220.20 222.00 (0.09) 40,360 (5,182,700.00)
0.029 0.015 United Paragon 0.0170 0.0170 0.0150 0.0160 (5.88) 187,200,000 (4,800.00)
PREFERRED
50.00 23.05 ABS-CBN Holdings Corp. 29.65 30.00 29.20 29.90 0.84 519,000 (15,030,250.00)
60.00 30.00 Benguet Corp. Con. Pref 30.20 15.10 15.10 15.10 (50.00) 100
103.50 100.00 First Gen G 104.10 104.00 104.00 104.00 (0.10) 2,500
109.80 101.50 First Phil. Hldgs.-Pref. 102.10 102.50 102.50 102.50 0.39 500 (51,250.00)
11.02 6.00 GMA Holdings Inc. 8.40 8.38 8.10 8.38 (0.24) 107,500
116.70 108.90 PCOR-Preferred 107.20 108.00 107.20 107.50 0.28 12,500
SMC Preferred A 75.00 75.00 74.95 75.00 0.00 738,680 (25,987,500.00)
80.00 74.50 SMC Preferred B 77.00 76.50 75.25 75.25 (2.27) 1,690
SMC Preferred C 75.00 75.25 75.00 75.20 0.27 154,630 1,460,324.00
1050.00 1000.00 SMPFC Preferred 1010.00 1014.00 1013.00 1013.00 0.30 200
6.00 0.87 Swift Pref 1.34 1.38 1.38 1.38 2.99 2,000
WARRANTS & BONDS
1.31 0.62 Megaworld Corp. Warrants 1.45 1.45 1.42 1.45 0.00 31,000
GERRY GERONIMO
THE TRUST GURU
A few blotches in an otherwise white sheet
Eton OKs
delisting
of shares
THE great Onofre Pagsanjan, trying to convince
us, the rowdy crew of bit actors in the high school
rendition of Shakepeares Julius Ceasar, to act
in unison when we portrayed the ckle crowds
shifting sympathy from Brutus to Anthony, held
up a white sheet of bond paper. Everyone, he
said, will see and remember this sheet of paper as
white. But if there were a spot of black, anywhere,
the audience will recall the black rather than the
white.
So it was with the committee of so-called experts
(actually a motley group of not too junior except
for the two ladies) tax practitioners, professors and
justices of the Court of Tax Appeals, during our
meeting convened by the UP Law Center on the 18
of this October, the week following the taxation bar
examination for 2012.
There was no doubt that a lot of effort went into
the formulation of both the multiple choice and
the essay-type questions. They were undoubtedly
a marked improvement from the questions of the
previous year, the rst time that the Supreme Court
employed the new format espoused by then bar
examinations chairman Robert Abad. However,
a few black blotches did appear in the otherwise
white sheets. For the sake of the nervous bar
takers, some are mentioned here, with the hope
that the bar examiner would, in the correcting the
examination booklets, would nevertheless heed our
recommendations.
The experts unanimous sentiment was, contrary
to the general expectation that the bar examinations
are meant to test whether the taker had both the
knowledge and skill required of a new entrant
into the profession, entry level so-called, the
questions demanded more the prociency of one
who, if not a long-time practitioner, had at least a
few years of tax work.
For this reason, the Supreme Court, in its
benevolence, published in its Web site a syllabus
to guide the reviewees on what points of tax law
they were expected to know. The syllabus had this
important note. This bar coverage description is
not intended and should not be used by law schools
as a syllabus or course outline in the covered
subjects. It has been drawn up for the limited
purpose of ensuring that candidates reviewing for
the bar examinations are guided on what basic and
minimum amounts of laws, doctrines, and principles
they need to know and be able to use correctly
before they can be licensed to practice law. More
is required for excellent and distinguished work as
members of the Bar.
This representation notwithstanding, there were
questions about the taxation of foreign corporations,
of Peza-registered export enterprises, computation
(dreaded by most takers, many of whom took up law
because they did were afraid of math), and familiarity
with specic areas of tax law which only an elite few
of tax lawyers have in their nger tips.
Another common sentiment of the tax experts
was that the way some (not too many but denitely
enough to be disconcerting to a bar taker who is
conscious of the time allotted for him to read, think
and respond correctly) multiple choice questions
were framed in a confusing manner: the choices
were given ahead of the question.
For instance, several statements of legal
principles are given, and then, and only at the end,
is the question asked, such as Which statement
above is INCORRECT?, or Which statement
shown above is NOT correct or Which statement
above does NOT properly refer to a GPP [general
professional partnership].
To one who has the luxury of time to analyze, the
reverse order or protocol does not matter. But not
so, to one who is under stress. And a live illustration
of just how the reverse order could disorient the
reader, the discussion chair of the committee of
experts himself thrice gave the wrong answers.
The combination of reverse presentation with the
negative formulation misled him, to his chagrin
and to the amusement of his fellows, to make the
errors.
Finally, the tax experts pointed out that in some
questions in the multiple choice portion of the exam,
more than one answer is correct. That ordinarily
should be a blessing to the bar takers. The problem,
however, arises when the bar takers discuss among
themselves the answers that they had given. The
requirement to choose among many choices is on
the premise that there is only one correct answer.
But if in fact, as the experts noted, more than
one choice should be considered correct, then the
discussion among the bar takers after passing their
papers and leaving the examination premises could
lead to discouragement and depression. These
emotions bar takers could very do without in this
crucial stage of their law career.
Other minor complains are that some were not
precise enough (showing really the need for a
trained set of examiners to craft the bar questions),
a bit faulty English evident in the formulation of the
what is required to be responded to, the appearance
of being geared towards an examination for would
be accountants instead of lawyers, the inclusion
of questions which more logically belong to other
subjects, such as commercial law or remedial law,
and plausibility of two or more interpretations of the
facts given or the exact principle being elicited.
The purpose of the experts exercise at the UP
Law Center is to open the eyes of the examiner to
imperfections in his exam, in the fervent hope that
he would be reasonable, if not lenient, in assessing
the responses. I had been an examiner for taxation
in the years 2001 and 2003 and I know how
difcult making questions can be. But formulating
acceptable questions is just the beginning of a hard
job. It is the tedium of correcting and the deadline
for nishing the correction that are most demanding
on the examiner. I trust this years tax examiner
would meet the experts recommendations at least
with an open mind. And take in stride the boos that
just might come when the identities of examiners
who had given the bar takers a hard time are
presented and revealed.
For feedback,
email geronimoreynaldo632@gmail.com.
ETON Properties Philippines Inc.,
the real estate unit of tycoon Lucio
Tan, said Tuesday it will delist its
shares from the Philippine Stock
Exchange because of its inability
to comply with the public oat
requirement.
Eton said its board of directors
approved the voluntary delisting.
The board believes that this is the
best option at this time, it said.
Eton Properties public oat is
currently at 5.65 percent, short of
the 10-percent minimum public
ownership rule imposed by the PSE.
The local bourse has given non-
compliant companies only until Jan.
1, 2013 to meet the requirement.
Eton Properties is the third
to comply to go on voluntary
delisting this month, after First
Metro Investments Corp. and
Metro Pacic Tollways Corp. led
their petition.
Companies that will undergo
delisting, however, are required
to make tender offer to acquire
the shares owned by the public.
THE market rebounded Tuesday, after
a three-day decline, as investors bet on
high-ying stocks and bought Coal Asia
Holdings Inc. on its debut.
The Philippine Stock
Exchange index, the 30-
company benchmark, rose 7
points or 0.1 percent to close at
5,432.32, near the record-high
level. Gainers outnumbered
losers, 80 to 78, while 48 issues
were unchanged.
Coal Asia Holdings Inc. surged
50 percent on its rst trading day
in Manila as the end of a 40-year
insurgency on Mindanao island
boosts the outlook for its mine
projects, and on speculation coal
demand will rally.
Coal Asia shares climbed from
an initial public offering price of
P1 to P1.50, and only the 50-
percent gain limit prevented it
from closing higher.
Investors are buying the
stock because its been priced
at a good discount relative to
its prospects in two years,
Peter Lee, an analyst at IGC
Securities Inc., said Tuesday.
Demand for coal will
eventually recover as Chinas
economy picks up.
Coal Asia sold 800 million
shares in an initial public offering
from Oct. 9 to Oct. 15, raising
funds to bring its Mindanao-based
Davao Oriental and Zamboanga
mines to production by 2014 and
2015. The Philippines is targeting
$1 billion of investments on the
island, Board of Investments
head Cristino Panlilio said last
week.
The company is also in
exploratory talks with two
parties to build a 100 to 200-
megawatt power plant that will be
supplied by the Davao Oriental
mine, treasurer Dexter Tiu said
in a brieng. The Davao mine
has an initial surface reserves of
3 million metric tons.
Alcorn Gold Resources Corp.
continued its dramatic rise, as
it climbed 10 percent to P0.154
Tuesday.
Other major gainers among
the 20 heavily traded stocks
were Empire East Land Holdings
Inc., which jumped 4.3 percent
to P0.98, Belle Corp. which
added 1.7 percent to P5.27 and
GT Capital Holdings Inc., which
rose 1 percent to P533.50.
With Bloomberg

TOYOTAFINANCIALSERVICESPHILIPPINESCORPORATION
32nd Floor G. T. Tower International, Ayala Avenue
corner H. V. dela Costa Street,Salcedo Village,
1226 Makati City

STATEMENT OF CONDITION
As of September 30, 2012

ASSETS
Due from Bangko Sentral ng Pilipinas P 2,320,685,153
Deposit in Banks 625,318,852
GS Purchased Under Reverse Repurchase Agreement with BSP 163,000,000
GS Purchased Under RRA Sold Under Resale Agreement 0
Loans and Receivables (Net) 14,441,147,637
(Long-Term Portion of P13,953,218,776)
Available-for-Sale Securities (Net) 930,000
Real Estate for Sale/Lease (Net) 0
Real Property, Furniture, Fixtures and Equipment (Net) 30,487,256
Real and Other Properties Acquired (Net) 104,087,163
Other Assets (Net) 3,560,357,938
TOTAL ASSETS P 21,246,013,999

LIABILITIES
Bills Payable P 14,030,893,491
Accrued Taxes and Other Expenses 285,090,665
*Other Liabilities 4,624,741,462
TOTAL LIABILITIES P 18,940,725,618

CAPITAL ACCOUNTS
Capital Stock P 1,000,000,000
Retained Earnings 1,305,288,381
Sub - Total P 2,305,288,381
Less: Treasury Stock 0
TOTAL CAPITAL ACCOUNTS P 2,305,288,381
TOTAL LIABILITIES AND CAPITAL ACCOUNTS P 21,246,013,999
*Of which P996,646,895 represents UnSDs eligible as Lower Tier 2 capital.

COMMITMENT AND OTHER CONTINGENT ACCOUNTS
Other Contingent Accoun P 0
Note: 1. Held for Trading Securities comprise of Government Securities of P0 and Equity
Securities - Common Shares of P0
2. Non-performing loans and ratio to total loan portfolio: P457,703,135; 3.05%
3. Classifed loans and other risk assets: P4,307,378,270
4. General loan loss reserve: P284,858,776
5. Specifc loan loss reserve: P267,170,726
6. Return on equity (ROE): 7.33%
7. DOSRI loans/advances and ratio to total loan portfolio: None
8. Past due DOSRI loans/advances and ratio to total portfolio: None

REPUBLIC OF THE PHILIPPINES)
CITY OF MAKATI ) S.S.

We, Marlon M. Pernez, Comptroller / Vice-President and Mototaka Sato, President
of the above-mentioned NBQB, do solemnly swear that all matters set forth in the statement
of condition are true and correct to the best of our knowledge and belief.

(Sgd.) MARLON M. PERNEZ (Sgd.) MOTOTAKA SATO
Comptroller / Vice-President President
SUBSCRBED AND SWORN to before me this 18th day of October 2012, affants
exhibiting to me their Social Security System No. 03-9877612-7 issued at Manila and
Passport No. TZ0489869 issued on April 25, 2007 at Japan.

(Sgd.) ATTY. XERXES E. CORTEL
Notary Public
Doc. No. 154 Until December 31, 2013
Page No. 32 Roll No. 40927
Book No. 17 IBP No. 873797; 12-15-11; Nueva Ecija
Series of 2012 PTR No. 3176685; 01-03-12; Makati City

Business
ManilaStandardToday
business@mst.ph extrastory2000@gmail.com
B4
Oops, foreign firm needs spell checker!
Asean wants larger trade bloc
National Book Store
eyes backdoor listing
A third
of new
workers
to resign
CORRUPTION watchdog Transparency International has expressed
reservations about the entry of foreign rm Oberthur Fiduciare
as one of the bidders for the P8.2-billion information technology
project for the Land Transportation Ofce. In its third letter dated
Oct. 17 to the bids and awards committee of the Transportation
Department, TI took particular issue with the French companys
misspelling of the name of then president Gloria Macapagal
Arroyo in P100 bills.
In late 2005, the rm subjected the country to global
embarrassment and ridicule after it printed some P80 million
worth of 100-peso bills that misspelled President Arroyos name as
Arrovo. Apparently, the company tinkered with the master plate
sent by the BSP by altering the design which required retyping
the name of Arroyo. The misspelling gave fodder to pundits who
made Arrovo the butt of all kinds of jokes since rovo sounds
like robo which means robbery in Spanish, with some giving it
the variation of dorobo which is Japanese for thief.
The government of course sought recompense, but Oberthur
replaced only 75 percent of the misspelled banknotes, leaving the
Philippine government to shoulder expenses for the remaining 25
percent of the misspelled bills (which for a while became some
sort of collectors item). And ohthis is the same rm that bagged
the P900-million contract for the implementation of the DFAs
controversial e-passport project through the BSP in July 2008.
Unfortunately, the BSP terminated the fat contract with
Oberthur pending compliance with all the deliverables required
in the e-passport projectwith Oberthur insisting it is no
longer responsible for these deliverables. Never mind the fact
that the bidding for the printing of the bank notes was couched
in controversy, with suspicions that the idea of out-sourcing the
printing of banknotes was allegedly an engineered necessity.
BSP has the security printing plant complex in Quezon City which
was specically created to print and supply the countrys need
for printing money and other secure papers. Was there calculated
neglect to create a situation where the SPC is unable to print
banknotes because of insufcient and outdated equipment? After
all, some of the machines are over 30 years old and unsuitable for
efcient production and printing of banknotes with sophisticated
security features.
HH sources disclosed that since 1998, the BSP has been
importing more and more nished banknotes from private printing
companies in Europe such as De la Rue (UK), Giesecke & Devrient
(Germany), Oberthur (France), Ensched (Netherlands) and Orell
Fssli (Switzerland). BSPs yearly importation of nished notes
has increased from approximately 100 million notes in 1998 to an
estimated 900 million banknotes in 2009 (more than 40 percent of
the countrys annual requirement). BSP deputy governor Armando
Suratos, who supervises the operations of the SPP, calls the reports
that BSP outsources some 47 percent of its banknote printing
requirement as exaggerated, further claiming that outsourcing is
more the exception rather than the rule at the BSP.
Newly-installed Transportation Secretary Emilio Abaya should
be smart enough not to enter into another contract with Oberthur,
observers noted. Other than capability, integrity and remarkable
track record should also be hallmarks of any respectable foreign rm
that wishes to do business in this country. Besides, the contractor
for a very important project that involves the registration of vehicles
and drivers licensing on a wide-scale ICT system should be able to
deliver 100 percent all the project specications and requirements.
Accuracy, reliability and integrity of basic information and details
should never be compromised.
But how can a foreign rm be entrusted with such a critical LTO
project if it could bungle such a simple printing requirement? As
if getting a license from the LTO now isnt enough hassle, can you
imagine the added aggravation of discovering that your name on
your drivers license has been incorrectly spelledand so you
have to go back to LTO again to have the name corrected? Next to
the passport, the drivers license is one of the most important (and
widely accepted) documentswhich is why people cannot afford
to leave it to the hands of a company that has serious spelling
problems.
Oopsyour names been misspelled again!
Top gun Eric Grauffel makes history
French champion shooter Eric Grauffels back-to-back
win in the recent United States Practical Shooting Association
nationals in Las Vegas is denitely one for the books, since this
is the rst time a foreigner has accomplished the feat. Grauffel,
whose winning streak with the Tanfoglio Gold series from local
manufacturer Arms Corporation has become legendary, outgunned
other top shooters for the Production and Open categories. Never
mind that Eric, admiringly described as a monster in the range,
has just recently switched to Production, probably feeling that
he has nothing left to prove in Open. The French champ will be
ying back to Orlando to take part for the rst time in the World
Steel Challenge.
Grauffel was here a couple of months ago for the 12th Demetrio
Bolo Tuason Cup organized by Armscor, along with Fil-Am
USPSA grand master Simon JJ Racaza, whose team Caracal
also bagged the 3rd place in the Production division. JJ used a
Caracal F modela rearm also carried by Armscorwith the
pistol never showing any glitch or malfunction during the rigorous
18-stage competition. The win positions the Fil-Am champion as a
serious contender for a slot in the Production US National Team.
###
For comments, reactions, photos, stories and related concerns,
readers may e-mail to happyhourtoday2012@yahoo.com.
Airbus
deal. French
Prime Minister
Jean-Marc
Ayrault (right)
and Philippine
Airlines president
Ramon Ang
share a light
moment after
the ceremonial
signing of a
landmark deal
between the
ag carrier and
French aircraft
manufacturer
Airbus for the
purchase of 65
new aircraft. The
deal, worth an
estimated $9
billion, is a part
of a major re-
eeting program
initiated by PAL
to improve its
competitiveness
and expand its
route network.
Ayrault, who
was on ofcial
state visit, is
the rst French
leader to visit the
Philippines.
By Julito G. Rada
THE Association of Southeast Asian
Nations is pushing for a broader economic
partnership with six other countries to create
the biggest free trade area in the world.
In support of greater
integration with the global
economy, Asean countries are
actively working to launch
the start of negotiations for
the Regional Comprehensive
Economic Partnership [RCEP]
with China, Japan, Korea, India,
Australia and New Zealand by
the end of this year, Asean
deputy secretary-general Lim
Hong Hin told a business forum
in Makati City Tuesday.
Hin said Asean aimed to
start negotiations with China,
Japan, South Korea, Australia,
New Zealand and India before
the end of the year. Despite
differences, we want to move
forward... and come out with
a guiding principle to create
RECP, Hin said.
He said compared with the
Trans-Pacic Partnership, RCEP
would be more feasible and
realistic. Once completed, it
will be the largest FTA in the
world, Hin said, adding Asean
alone is comprised of about 600
million people.
Hin said efforts to create RCEP
involved consolidating all the
free trade agreements which the
Asean member countries entered
into. The goal here is to promote
wider economic integration, he
said.
Hin, however, discounted the
idea of creating a single currency
for Asean, saying the time is not
ripe for a discussion on a single
currency just like the euro.
He conceded realizing the
envisioned Asean Economic
Community was not easy,
because of measures that needed
to be implemented or complied
with before 2015.
The Asean Economic
Community aims for a single
market and production base
characterized by free ow of
goods, services, investments,
capital and skilled labor.
Despite progress in a number
of areas, 28 percent of AEC
measures due to be implemented
for 2008-2011 are still pending
as of end-August 2012, he said.
The measures include
trade facilitation (customs
modernization standard
and conformance), services
liberalization, investment,
agriculture, consumer protection,
and ratication of transport
agreements.
He said the reasons for the
delay in implementation of these
measures could be linked to the
failure to comply with decisions,
treaties and protocols at the
national levels.
Others point to
implementation bottlenecks due
to lack of necessary funds to
support the integration measures,
especially at the national level,
he said.
Hin said this is a concern
because failure of many Asean
countries to follow through
on their commitments may
undermine the success of
AEC.
THE Ramos family is exploring
the backdoor listing of National
Book Store through Vulcan
Industrial and Mining Corp.,
which is exiting the mining
business.
Vulcan chairman and president
Alfredo Ramos, who is also
the president of National Book
Store, said in a text message the
backdoor listing was one of the
many options being considered
after the Vulcans board discussed
an exit from the mining business.
Vulcan and National Book
Store are both owned by the
Ramos family.
Vulcan said in a disclosure
to the stock exchange its board
approved an increase in the
companys authorized capital
stock to P4 billion from P600
million. The capital increase will
accommodate the conversion of
advances of about P500 million
from the National Book Store
and its afliates into equity.
The increase will also allow
the National Book Store group to
subscribe to the capital increase
of up to P2.9 billion.
Vulcan holds mineral
exploration rights in various
parts of the country and operates
a rock aggregates project located
in Rizal.
The companys board of
directors discussed the possibility
of its exiting the mining sector
although no denite plans have
been made. A committee has been
created to look into alternative
exit strategies, Vulcan said.
National Book Store and its
afliate have communicated to
the board that they are in the
process of exploring strategic
options for Vulcan, it added.
NEARLY a third of newly
hired Filipino employees
are likely to resign within
the next two years of
employment mainly because
of low salary, according to a
global survey.
The global workforce
survey commissioned
by professional services
consulting rm Towers
Watson said 31 percent of
Filipino employees were
likely to leave their current
organization within the next
two years, higher than the
global average of 28 percent.
Towers Watsons
consulting specialist Rafael
Lucien Cepeda said the results
of the survey should serve as
a reminder to companies to
revisit the benets packages
for their employees.
We are espousing for
total reward package for
employees, not just money
per se, Cepeda said in a
news brieng in Makati City
Tuesday.
Cepeda said 47 percent of
respondents in the Philippines
considered base pay and
salary as the most important
reason why they might leave
the company. This was higher
than the global average of 42
percent for those who cited
the same reason.
Globally, only 44
percent of those surveyed
felt they were paid fairly
in comparison to other
employees who hold similar
jobs in other companies.
The online survey
conducted in the rst quarter
had 32,000 respondents
globally, including 1,000 in the
Philippines. Cepeda said the
respondents in the Philippines
were mostly working in the
education sector, government,
manufacturing and
telecommunications industry.
Roderick T. dela Cruz
B5
Classifeds
ManilaStandardToday
adv.mst@gmail.com
Second Cotabato Engineering District
Villarica, Midsayap, Cotabato
Fax No. (064) 2298925 Tel. No. (064) 2298494
INVITATION TO BID
The Department of Public Works and Highways (DPWH) , Cotabato Second
Engineering District, Villarica, Midsayap, Cotabato through its Bids and Awards
Committee (BAC), invites contractors to apply to bid for the following contract(s):
1. a. Contract ID: 13-MD-0006
b. Contract Name: Replacement/Rehabiliatation/Strengtening of
Malupog Bridge along Bansilan-Guiling Alamada
Libungan, Road, Guiling
c. Location of the Contract: Alamada, Cotabato, km. 1648+060 (25 l.m)
d. Scope of Work: Embankment, Reinforced Concrete Railing
(Double), Reinforcing Steel Bar, Grade 60,
Structural Concrete Class A, Standard
Prestressed Concrete Girder Type IV,
Elastomeric Bearing Pad, Grouted Riprap Class
A, Mobilization/Demobilization, Construction
and Health
e. Cost of bid documents: 25,000.00
f. ABC : P 14,469,007.33
g. Duration: 237 CD
h. Source of Fund: GOP-Regular Infra-CY- 2013

Bidding will be conducted through open competitive bidding procedures in
accordance with R.A. 9184 and its Revised Implementing Rules and Regulation.
To bid for this contract, a contractor must submit a Letter of Intent (LOI) and
must meet the following major criteria: (a) prior registration with the DPWH, (b) Filipino
citizen of 75% Filipino-owned partnership, corporation, cooperative or joint venture
with PCAB license applicable to the type and cost of this contract, (c) completion of
similar contract costing at least 50% of ABC within a period of 10 years, and (d) Net
Financial Contracting Capacity of at least equal to ABC, or Credit Line Commitment
of at least 10% of ABC. The BAC will use non-discretionary pass/fail criteria in the
eligibility check and preliminary examination of bids.
Unregistered contractors, however, shall submit their applications for registra-
tion to the DPWH-POCW Central Offce before the deadline for the receipt of LOI.
The DPWH POCW-Central Offce will only process contractors applications for
registration, with complete requirement, and issue the Contractors Certifcate of
Registration (CRC) .

BAC Activities Schedule
1. Issuance of Bidding documents October 18 to November 7, 2012
2. Pre-bid Conference Date: October 26, 2012
3. Receipt of Bids Deadline: 2:00 PM
Date: November 7, 2012
4. Opening of Bids Right after the dropping of bids
Date: November 7, 2012

Prospective bidders shall submit their duly accomplished forms as specifed
in the Bidding Documents (BDs) in two (2 separate sealed bid envelopes to the
BAC Chairman, The frst envelope shall contain the technical component of the bid,
including the eligibility requirements. The second envelope shall contain the fnancial
component of the bid. Contract will be awarded to the Lowest Calculated Responsive
Bid as determined in the bid evaluation and the post-qualifcation.
Prospective bidders may download the Registration from the DPWH website
www.dpwh.gov.ph. The BAC will issue hard copies of Bidding Documents at
DPWH Cotabato Second Engineering District, Villarica, Midsayap, Cotabato.
Prospective Bids must accompanied by a bid security in any acceptable form in
the amount stated in Section 27.2 of the Revised IRR.
Prospective bidders may also download the Bidding Documents (BDs), if avail-
able, from the DPWH website. The BAC will also issue hard copies of the BDs at
the same address to eligible bidders upon payment of a non-refundable fees of the
amount stated above for Bidding documents. Bidders that will download the BDs from
the DPWH website shall pay the said fees on or before the submission of their bids.
The DPWH-Cotabato Second Engineering District, Midsayap, Cotabato re-
serves the right to accept or reject any or all bid and to annul the bidding process
anytime before Contract Award, without incurring any liability to the affected bidders.
APPROVED BY:
(SGD.) BARTOLOME T. PAGADUAN
(BAC Chairman)
(MST-OCTOBER 24, 2012)
This Supplemental Bid bulletin No. 13-006 is issued to modify or amend the bidding
documents of the above stated contract. It shall form an integral part of the bidding document.
stated contract the Approved Budget for the Contract and Items of work as refected in the
Bill of Quantities were changed, thus;
Advertised New
1. Approved Budget for the Contract P22,771,063.38 P22,764,932.52
2. Item 104 (1) Embankment from
Excavation
808.00 cu.m. 53.900 cu.m.
3. Item 104 (2) Embankment from
borrow
1,538.00 cu.m. 1,564 cu.m.
Approved:
BAC - Chairman
(MST-Oct. 24, 2012)
bidding document.
Advertised New
Contract
24,611,231.71 24,631,971.65
Approved:
BAC - Chairman
(MST-Oct. 24, 2012)
Borongan City
Tel. No. (055) 560-9423
Fax No. (055) 261-2196
Oct. 18, 2012
Borongan City
Tel. No. (055) 560-9423
Fax No. (055) 261-2196
Oct. 18, 2012
ERRORS & OMI SSI ONS
In Cl assi fi ed Ads section must be
brought to our attention the very day the
advertisement is published. We will not
be responsible for any incorrect ads not
reported to us immediately.
For f as t ad r es ul t s ,
pl eas e c al l
659-48-30 l oc al 303
or
659-48-03

DEPARTMENT OF PUBLIC WORKS & HIGHWAYS,
REGION X
OFFICE OF THE REGIONAL DIRECTOR
Bulua, Cagayan de Oro City
INVITATION TO BID
The Department of Public Works & Highways (DPWH) Regional Offce No. 10, through its Bids and Awards
Committee (BAC), invites contractors to apply to bid for the following projects funded under CY 2012 Priority
Development Assistance Fund (PDAF), to wit:
1. Contract ID: 12K00161
Contract Name: Cluster A, Const. of Multi-Purpose Pavements in Various Municipalities of LDS
a. Const of Multi-Purpose Pavement, Baya, Ganassi = Php. 500,000.00
b. Const of Multi-Purpose Pavement, Paraaba, Ganassi = Php. 500,000.00
c. Const of Multi-Purpose Pavement, Camponga Raya, Ganassi = Php. 500,000.00
d. Const of Multi-Purpose Pavement, Pagalongan, Ganassi = Php. 500,000.00
e. Const of Multi-Purpose Pavement, Taliogon, Ganassi = Php. 500,000.00
f. Const of Multi-Purpose Pavement, Balintad, Ganassi = Php. 500,000.00
g. Const of Multi-Purpose Pavement, Pangadapun, Ganassi = Php. 500,000.00
h. Const of Multi-Purpose Pavement, Pantar, Binidayan = Php. 500,000.00
i. Const of Multi-Purpose Pavement, Ingud, Binidayan = Php. 500,000.00
j. Const of Multi-Purpose Pavement, Kialilidan, Binidayan = Php. 500,000.00
k. Const of Multi-Purpose Pavement, Lumbac, Binidayan = Php. 500,000.00
l. Const of Multi-Purpose Pavement, Pindolonan, Binidayan = Php. 500,000.00
m. Const of Multi-Purpose Pavement, Badak, Binidayan = Php. 500,000.00
n. Const of Multi-Purpose Pavement, Maindig, Binidayan = Php. 500,000.00
o. Const of Multi-Purpose Pavement, Buadidico, Tugaya = Php. 500,000.00
Total = Php. 7,500,000.00
Contract Location: 2
nd
District, Lanao del Sur
Brief Description: Construction of Multi-Purpose Pavement
Appropriation: P 7,500,000.00
Approved Budget for the Contract (ABC): P 7,500,000.00
Contract Duration: To be discussed on Pre-bid Conference
Cost of Plans & Bid Documents: P 10,000.00
Contract Name: Cluster B, Const. of Multi-Purpose Pavements in Various Municipalities of Lanao del Sur
a. Const of Multi-Purpose Pavement, Brgy. Sogod Madaya, Ganassi = Php. 500,000.00
b. Const of Multi-Purpose Pavement, Brgy. Pantaon, Ganassi = Php. 500,000.00
c. Const of Multi-Purpose Pavement, Brgy. Lumbaca Ingud, Ganassi = Php. 500,000.00
d. Const of Multi-Purpose Pavement, Brgy. Gui, Ganassi = Php. 500,000.00
e. Const of Multi-Purpose Pavement, Brgy. Gadungan, Ganassi = Php. 500,000.00
f. Const of Multi-Purpose Pavement, Brgy. Macabao, Ganassi = Php. 500,000.00
g. Const of Multi-Purpose Pavement, Brgy. Bagoa Ingud, Ganassi = Php. 500,000.00
h. Const of Multi-Purpose Pavement, Brgy. Dapaan, Ganassi = Php. 500,000.00
i. Const of Multi-Purpose Pavement, Brgy. Poblacion, Ganassi = Php. 500,000.00
i. Const of Multi-Purpose Pavement, Brgy. Sikun Matampay, Ganassi = Php. 500,000.00
k. Const of Multi-Purpose Pavement, Brgy. Pindoloan, Ganassi = Php. 500,000.00
l. Const of Multi-Purpose Pavement, Brgy. Pamalian, Ganassi = Php. 500,000.00
m. Const of Multi-Purpose Pavement, Brgy. Macaguiling, Binidayan = Php. 500,000.00
n. Const of Multi-Purpose Pavement, Brgy. Soldaroro, Binidayan = Php. 500,000.00
o. Const of Multi-Purpose Pavement, Brgy. Gadungan, Pualas = Php. 500,000.00
Total=Php. 7,500,000.00
Contract Location: Lanao del Sur
Brief Description: Construction of Multi-Purpose Pavement
Contract Name: Cluster C, Const. of Multi-Purpose Buildings in Various Municipalities of Lanao del Sur
a. Const of Multi-Purpose Building, Matampay, Marawi City = Php. 2,000,000.00
b. Const of Multi-Purpose Building, Lomidong, Marawi City = Php. 1,500,000.00
c. Const of Multi-Purpose Building, Poblacion, Saguiaran = Php. 500,000.00
Total = Php. 4,000,000.00
st
Brief Description: Construction of Multi-Purpose Building
Contract Name: Concreting of Roads, Pantao, Masiu
st
Brief Description: Concreting of Road
Contract Name: Construction of Multi-Purpose Building, Poblacion, Lumbatan
nd
Brief Description: Construction of Multi-Purpose Building
Procurement will be conducted through open competitive bidding procedures in accordance with R.A. 9184
and its Revised Implementing Rules and regulations.

To bid for these contracts, a contractor must purchase bid documents and must meet the following major
criteria: (a) prior registration with DPWH, (b) Filipino citizen or 75% Filipino-owned partnership,corporation,
cooperative, or joint venture, (c) with PCAB license applicable to the type and cost of this contract,(d) completion
of a similar contract costing at least 25% of ABC, and (e) Net Financial Contracting Capacity at least equal to ABC,
or credit line commitment at least equal to 10% of ABC. The BAC will use non discretionary pass/fail criteria in the
eligibility check and preliminary examination of bids.

Unregistered contractors, however, shall submit their applications for registration, to the DPWH POCW,
Central Offce before the scheduled date of bidding. The DPWH-POCW, Central Offce will only process contractors
applications for registration with complete requirements and issue the Contractors Certifcate of Registration (CRC).
Registration Forms may be downloaded at the DPWH website www.dpwh.gov.ph.

1. Issuance of Bidding Documents Oct. 24, 2012 to November 13, 2012 @ 12 noon
2. Pre-Bid Conference October 31, 2012 @ 2:00PM
3. Receipt of Bids November 13, 2012 from 8:00AM-12:00 noon
4. Opening of Bids 2:00 PM on November 13, 2012
The BAC will issue hard copies of Bidding Documents (BDs) at DPWH-Regional Offce No. X, Bulua, Cagayan
de Oro City, upon payment of a non-refundable fee as stated above. Prospective bidders may also download the BDs
fromthe DPWH website, if available. Prospective bidders that will download the BDs fromthe DPWH website shall pay
the said fees on or before the submission of their bid documents. Bids must be accompanied by a bid security, in the
amount and acceptable form, as stated in Section 27.2 of the Revised IRR.
Prospective bidders shall submit their duly accomplished forms as specifed in the BDs in two separate
sealed bid envelopes to the BAC Chairman. The frst envelope shall contain the technical component of the bid,
which shall include a copy of the Contractors Registration Certifcate (CRC). The second envelope shall contain the
fnancial component of the bid. Contract will be awarded to the Lowest Calculated Responsive Bid as determined
in the bid evaluation and postqualifcation.
The DPWH-Regional Offce No. 10 reserves the right to accept or reject any or all bid and to annul the bidding
process anytime before Contract award, without thereby incurring any liability to the affected bidders.
Approved by:

(Sgd.) EFREN A. BERBA, CEO VI
OIC, Assistant Regional Director
BAC-Chairman
(MST-Oct. 24, 2012)
CATANDUANES ENGINEERING DISTRICT
Virac, Catanduanes
INVITATION TO BID
The Bids and Awards Committee (BAC) of the Department of Public Works and Highways,
Catanduanes Engineering District, invites contractors to bid for the aforementioned projects:
Contract ID 12FH0036
Contract Name 1. VIGA PILOT CHANNEL FLOOD CONTROL, VIGA,
CATANDUANES
Contract Location VIGA, CATANDUANES
Scope of Work CONSTRUCTION OF 75LM. FLOOD CONTROL AS PER PLAN
& SPECS.
Approved Budget For P 5,000,000.00
the Contract (ABC)
Contract Duration 56 CD
Source of Fund & Year CY 2013 REGULAR INFRA.
Amount of Bid Documents P 5,000.00
Contract Name 2. LIBOD FLOOD CONTROL, PANDAN, CATANDUANES
Contract Location PANDAN, CATANDUANES
Scope of Work CONSTRUCTION OF 65.45 LM. FLOOD CONTROL AS PER
PLAN & SPECS.
the Contract (ABC)
Contract Name 3. SOGOD SIMAMLA FLOOD CONTROL, VIRAC,
CATANDUANES
Contract Location VIRAC, CATANDUANES
Scope of Work CONSTRUCTION OF 64 LM. FLOOD CONTROL AS PER PLAN
& SPECS.
the Contract (ABC)
Contract Name 4. GUINOBATAN FLOOD CONTROL & DRAINAGE, BATO,
CATANDUANES
Contract Location BATO, CATANDUANES
Scope of Work CONSTRUCTION OF 253 LM. FLOOD CONTROL & DRAINAGE
AS PER PLAN & SPECS.
the Contract (ABC)
Contract Name 5. IBONG SAPA FLOOD CONTROL, VIRAC, CATANDUANES
Contract Location VIRAC, CATANDUANES
Scope of Work CONSTRUCTION OF 54.60 LM. FLOOD CONTROL AS PER
PLAN & SPECS.
the Contract (ABC)
Contract Name 6. ROAD UPGRADING (GRAVEL TO PAVED) BASED ON
GRAVEL ROAD STRATEGIES, TRAFFIC BENCHMARK
FOR UPGRADING TO PAVED ROAD STANDARD (HDM-
4 PROJECT ANALYSIS) ALONG CATANDUANES
CIRCUMFERENTIAL ROAD, BOCON SECTION
(K0140+250-K0140+842.38) AND MILAVIGA SECTION
(K0141+000-K0141+500 & K0145+800-K0145+972),
CARAMORAN, CATANDUANES
Contract Location CARAMORAN, CATANDUANES
Scope of Work CONCRETING OF 1,082.52 L.M. X 0.23M X 6.70M W/
SHOULDER AS PER PLAN & SPECS.
the Contract (ABC)
Contract Name 7. CONSTRUCTION OF FLOOD CONTROL & DRAINAGE,
PANGANIBAN, CATANDUANES
Contract Location PANGANIBAN, CATANDUANES
Scope of Work CONSTRUCTION OF 100 LM. FLOOD CONTROL AND 2,065.00
L.M. DRAINAGE SYSTEM AS PER PLAN & SPECS.
the Contract (ABC)
The BAC will conduct the procurement process in accordance with the Revised IRR of R.A. 9184. Bids
received in excess of the ABC shall be automatically rejected at the opening of bid.
To bid for this contract, a contractor must submit a Letter of Intent (LOI), purchase bid documents
and must meet the following major criteria: (a) prior registration with DPWH, (b) Filipino citizen or
75% Filipino-owned partnership, corporation, cooperative, or joint venture, (c) with PCAB license
applicable to the type and cost of this contract, (d) completion of a similar contract costing at least
50% of ABC within a period of 10 years, and (e) Net Financial Contracting Capacity at least equal
to ABC, or credit line commitment at least equal to 10% of ABC. The BAC will use non-discretionary
pass/fail criteria in the eligibility check and preliminary examination of bids.
Unregistered contractors, however, shall submit their applications for registration to the DPWH
Central Procurement Offce (CPO) before the deadline for the receipt of LOI. The DPWH Central
Procurement Offce (CPO) will only process contractors applications for registration with complete
requirements and issue the Contractors Certifcate of Registration (CRC). Registration Forms
may be downloaded at the DPWH website www.dpwh.gov.ph. Interested contractors shall submit
their duly accomplished Expression of Interest statements upon presentation of their Contractor
Registration Certifcate (CRC with the Contractors Information), buy Tender Documents and drop
their bids in person or through their Authorized Representative as refected in their CRC with the
Contractors Information to the Chairman, Bids & Awards Committee (BAC), DPWH, Catanduanes
Engineering District.(Please bring valid I.D.)
1. Issuance of Bidding Documents From OCTOBER24-NOVEMBER15, 2012
2. Pre-Bid Conference OCTOBER 31, 2012
3. Receipt of Bids Deadline: UP TO 10:00 A.M., NOVEMBER 15, 2012
4. Opening of Bids 2:00 P.M., NOVEMBER 15, 2012
The BAC will issue hard copies of Bidding Documents (BDs) at DPWH, Catanduanes Engineering
District, Virac, Catanduanes, upon payment of a non-refundable fee stated above. Prospective
bidders may also download the BDs from the DPWH web site, if available. Prospective bidders
that will download the BDs from the DPWH website shall pay the said fees at DPWH, Catanduanes
Engineering District, Virac, Catanduanes on or before the submission of their bids Documents. The
Pre-Bid Conference shall be open only to interested parties who have purchased the BDs. Bids
must accompanied by a bid security, in the amount and acceptable form, as stated in Section 27.2
of the Revised IRR.
Prospective bidders shall submit their duly accomplished forms as specifed in the BDs in two (2)
separate sealed bid envelopes to the BAC Chairman. The frst envelope shall contain the technical
component of the bid, which shall include a copy of the CRC. The second envelope shall contain the
fnancial component of the bid. Contract will be awarded to the Lowest Calculated Responsive Bid
as determined in the bid evaluation and post-qualifcation.
The Department of Public Works and Highways, Catanduanes Engineering District reserves the right
to accept or reject any or all bid and to annul the bidding process anytime before Contract award,
without incurring any liability to the affected bidders.

Approved by:

(Sgd.) NOEL B. BALMADRID
Engineer III
BAC Chairman
(MST-Oct. 24, 2012)
ANNEX A
Sorsogon Second District Engineering Offce
Bagacay, Gubat, Sorsogon
Invitation to Bid for 12FL0017 - Construction
of Slope Protection along
Ariman Jct. Bulusan Lake
Road San Rafael, Bulusan,
Sorsogon
1. The Bids and Awards Committee (BAC) Department of Public Works and
Highways, Sorsogon Second District Engineering Offce, Bagacay, Gubat,
Sorsogon, through the Sub Allotment No.: SR2012-08-006788 dated August
16, 2012 intends to apply the sum of (P 10,488,862.44) being the Approved
Budget for the Contract (ABC) to payments under the contract for 12FL0017 -
Construction of Slope Protection along Ariman Jct. Bulusan Lake Road,
San Rafael, Bulusan, Sorsogon. Bids received in excess of the ABC shall be
automatically rejected at bid opening.
2. The BAC of the DPWH Sorsogon Second District Engineering Offce, Bagacay,
Gubat, Sorsogon now invites bids for Construction of 71 ln.m. Slope
Protection along Ariman Jct. Bulusan Lake Road San Rafael, Bulusan,
Sorsogon. Completion of the Works is required within 180 C.D. Bidders should
have completed, within ten (10) years from the date of submission and receipt
of bids, a contract similar to the Project. The description of an eligible bidder
is contained in the Bidding Documents, particularly, in Section II. Instruction to
Bidders.
non-discretionary pass/fail criterion as specifed in the Implementing Rules and
Regulations (IRR) of Republic of Act 9184 (RA 9184), otherwise known as the
Bidding is restricted to Filipino citizen/sole proprietorships, partnerships, or
4. Interested bidders may obtain further information from DPWH, Sorsogon Second
District Engineering Offce, Bagacay, Gubat, Sorsogon and inspect the Bidding
Documents at the address given below from Monday to Friday from 8:00 12:00
AM and 1:00 - 5:00 PM.
5. A completed set of Bidding Documents may be purchased by interested Bidders
from the address below and upon payment of a nonrefundable fee for the Bidding
Documents in the amount of P 10,500.00.
Government Electronic Procurement System (PhilGEPS) and the website of
the Procuring Entity, provided that bidders shall pay the fee for the Bidding
Documents not later that the submission of their bids.
6. The Department of Public Works and Highways, Sorsogon Second District
Engineering Offce, Bagacay, Gubat, Sorsogon will hold a Pre-Bid Conference
on October 25, 2012 at the Bids and Awards Committee (BAC) of the DPWH,
Sorsogon Second District Engineering Offce, Bagacay, Gubat, Sorsogon which
shall be open to all interested parties.
7. Bids must be delivered to the address below on or before November 8, 2012
until 10:00 AM at the Bids and Awards Committee (BAC) of the DPWH, Sorsogon
Second District Engineering Offce, Bagacay, Gubat, Sorsogon. All bids must be
accompanied by a bid security in any of the acceptable forms and in the amount
stated in ITB Clause 18.
1. Issuance of Bidding Documents From October 18 to November 8, 2012
2. Deadline of Receipt of LOI fromProspective Bidders October 30, 2012 at 3:00 PM
3. Opening of Bids November 8, 2012 at 2:00 PM
8. The DPWH, Sorsogon 2
nd
DEO, Bagacay, Gubat, Sorsogon reserves the right
to accept or reject any bid, to annul the bidding process, and to reject all bids
at any time prior to contract award, without thereby incurring any liability to the
affected bidder or bidders.
SOCORRO EDEN D. CHAVEZ
Administrative Offcer V
Dept. of Public Works and Highways
Sorsogon 2
nd
056-211-4251
socorroeden.chavez@yahoo.com

(Sgd.) ROMEO F. CIELO
Assistant District Engineer
(BAC Chairman)

(MST-Oct. 24, 2012)
IN BRIEF
B6
WORLD
Irans leader banned from jail visit
Lance Armstrong
loses 7 Tour titles
7 convicted in Italy for not warning of quake risk Auschwitz
survivor
dies at 108
Lebanon army chases gunmen off the streets
Muslims, Buddhists clash again in Myanmar; 3 dead
France sends drones
to Mali, West Africa
France and the United Nations
insist any invasion of Malis north
must be led by African troops. But
France, which has six hostages in
Mali and has citizens who have
joined al-Qaida in the Islamic
Maghreb, is playing an increas-
ing role behind the scenes.
Many in the West fear that
northeast Mali and the arid Sahel
region could become the new Af-
ghanistan, a no-mans-land where
extremists can train, impose hard-
line Islamic law and plot terror at-
tacks abroad. And France, former
colonial ruler to countries across
the Sahel, is a prime target.
This is actually a major
threatto French interests in the
region, and to France itself, said
Francois Heisbourg, an expert at
the Foundation for Strategic Re-
search, a partially state-funded
think tank in Paris. This is like
Afghanistan 1996. This is like
when Bin Laden found a place
that was larger than France in
which he could organize training
camps, in which he could provide
stable preparations for organizing
far-ung terror attacks.
France is turning its attention to the
Sahel just as it is accelerating its pull-
out of combat troops from Afghani-
stan ahead of other Nato allies.
A French defense ofcial said
Monday that France plans to
move two surveillance drones to
western Africa from Afghanistan
by year-end, though he did not
provide details. France is also
reported to have special forces
in the region around Mali, and to
have contracted out surveillance
of Mali to a private company.
Top-level American and French
military leaders and diplomats,
including US Assistant Secre-
tary of State for African Affairs
Johnnie Carson, began two days
of talks in Paris on Monday on
intelligence-gathering and secu-
rity in the Sahel region, including
Mali, diplomats from both sides
told the AP.
The defense ofcial and diplo-
mats spoke on condition of anonym-
ity because they werent authorized
to talk publicly about the activities.
The Paris meetings follow a UN
Security Council resolution that
gives Secretary-General Ban Ki-
moon about a month to help Malian
authorities devise a plan to regain
control of the north. And on Friday,
African leaders met in Bamako,
Malis capital, to prepare a plan for
a military intervention in the north,
which was seized under the cover
of a coup detat six months ago. AP
PARISFrance will move surveillance
drones to West Africa and is holding
secretive talks with US ofcials in Paris
this week as it seeks to steer international
military action to help Malis feeble
government win back the northern part
of the country from al-Qaida-linked
rebels, The Associated Press has learned.
BEIRUTLebanese soldiers
in armored vehicles fanned out
across the country on Monday to
break down civilian roadblocks
and chase gunmen off the streets
as tempers ared over the killing
of a top intelligence ofcial who
was a powerful opponent of Syr-
ian involvement in Lebanon.
Sectarian clashes killed at least
six people. A seventh person was
killed after soldiers returned re fol-
lowing an attack on their patrol.
The killing of Brig. Gen. Wissam
al-Hassan in a Beirut car bomb on
Friday sparked days of tensions,
accusations and violence in Leba-
non between supporters of Syrian
President Bashar Assad and his op-
ponents. Al-Hassan was solidly in
the latter group, and his support-
ers, many of them Sunni Muslims,
blamed Damascus for the killing.
Many also called for the resig-
nation of the Hezbollah-dominat-
ed government, saying it is too
cozy with the Syrian regime.
In Washington, the State De-
partment said it was worried about
the violence in Lebanon and that
the US was sending an FBI team
to help investigate the bombing.
Weve been clear for some time
about the possible spillover effect
from the conict in Syria, spokes-
man Mark Toner said Monday.
The armys security operation
Monday sought to sweep from the
streets gunmen who many here
fear could end up dragging the
country into the kind of sectarian
clashes that have plagued Leba-
non for decades.
The nation is passing through
a crucial and critical period and
tension has risen in some areas to
unprecedented levels, the army
said in a statement. It urged poli-
ticians to be careful not to incite
violence because the fate of the
nation is on the edge.
Security is a red line, the state-
ment said, adding that strict mea-
sures are being taken to prevent
Lebanon from being an arena for
settling regional problems. AP
GENEVASeven lines of
blanks. From 1999 to 2005.
There will be no Tour de France
winner in the record book for
those years.
Once the toast of the Champs-
Elysees, Lance Armstrong was
formally stripped of his seven
Tour titles Monday and banned
for life for doping.
As far as the Tour is concerned,
his victories never happened. He
was never on the top step of the
podium. The winners yellow
jersey was never on his back.
The decision by the Interna-
tional Cycling Union marked
an end to the saga that brought
down the most decorated rider in
Tour history and exposed wide-
spread cheating in the sport.
Lance Armstrong has no
place in cycling, and he deserves
to be forgotten in cycling, said
Pat McQuaid, president of the
governing body. Make no mis-
take, its a catastrophe for him,
and he has to face up to that.
Its also devastating for Tour de
France organizers, who have to
carve seven gaping holes from the
honor roll of the sports biggest
event and airbrush Armstrongs
image from a sun-baked podium
on the Champs-Elysees. AP
YANGON, MyanmarFresh
clashes between Muslims and
Buddhists have broken out in
volatile western Myanmar, leav-
ing at least three people dead and
hundreds of homes burned to the
ground, authorities said Tuesday.
The unrest, which erupted Sunday
night, is the worst reported between
Rohingya Muslims and ethnic Ra-
khine Buddhists since skirmishes
swept the region in June, leaving
around 70,000 people displaced.
Rakhine state Attorney-General
Hla Thein said the latest violence took
place in Minbyar township, about
25 kilometers (15 miles) north of the
coastal state capital, Sittwe. It later
spread farther north to Mrauk-U town-
ship. Both areas are remote, reachable
only by foot, Hla Thein said.
Sundays riots took the lives of
one Buddhist man and two Mus-
lim women, he said. More than 340
homes, most made of wood, were
also destroyed in arson attacks.
There was no immediate word
on the situation Tuesday, but Hla
Thein said authorities imposed a
dusk-to-dawn curfew in the town-
ships on Monday.
The unrest comes four months
after the two communities turned
on one another across Rakhine
state in June after the alleged rape
and murder of a Buddhist woman
by three Muslim men in late May.
That violence left at least 90
people dead and more than 3,000
homes destroyed, along with dozens
of mosques and monasteries. The
two communities are almost now
completely segregated in towns like
Sittwe, where the Rakhine are able
to roam freely while the Rohingya
live mostly conned to a series of
displaced camps outside the city
center. AP
Fighters from Islamist group Ansar Dine in this Aug. 31, 2012 le photo stand guard in Timbuktu, Mali,
as they prepare to publicly lash a member of the Islamic Police found guilty of adultery. France is moving
surveillance drones to western Africa amid rising concerns that an al-Qaida offshoot and its allies who
control northeast Mali represent a major threat to French interests abroad, and possibly at home. AP
TEHRAN, IranIrans President
Mahmoud Ahmadinejad clashed
Monday with the countrys judicia-
ry over his right to visit the prison
where a jailed aide is held, in a new
sign of the leaders waning inu-
ence in his last year in ofce.
He accused the judiciary of un-
constitutional behavior and said
that as Irans president he did not
need permission to visit Evin prison,
north of Tehran. The clash is part of
an internal power struggle between
Ahmadinejad and hardliners in
Irans political elite, and a sign of
the increasing tensions between the
two ahead of presidential elections
scheduled for June.
Ahmadinejad, who cannot run for
reelection because of term limits, once
enjoyed the backing of the countrys
conservative clerical establishment
but lost it when he was perceived to
challenge the authority of Supreme
Leader Ayatollah Ali Khamenei.
His policies have been chal-
lenged in parliament and some of
his allies have been prosecuted,
including his top press advisor Ali
Akbar Javanfekr, who was jailed
last month after being convicted
of publishing material deemed in-
sulting to Khamenei.
Irans state prosecutor said Sun-
day that the judiciary rejected Ah-
madinejads request to visit Evin
prison where Javanfekr is held, say-
ing the presidents planned visit ap-
peared to be politically motivated.
Gholam Hossein Mohseni Ejehi
said in remarks published in several
Iranian newspapers Monday that
Ahmadinejad would do better to fo-
cus on Irans deepening economic
problems than to visit Evin. AP
LAQUILA, ItalyIn a verdict
that sent shock waves through the
scientic community, an Italian
court convicted seven experts of
manslaughter on Monday for fail-
ing to adequately warn residents
of the risk before an earthquake
struck central Italy in 2009, kill-
ing more than 300 people.
The defendants, all prominent
scientists or geological and disas-
ter experts, were sentenced to six
years in prison.
Earthquake experts worldwide
decried the trial as ridiculous,
contending there was no way of
knowing that a urry of tremors
would lead to a deadly quake.
Its a sad day for science, said
seismologist Susan Hough, of the
US Geological Survey in Pasade-
na, Calif. Its unsettling.
That fellow seismic experts in
Italy were singled out in the case
hits you in the gut, she said.
In Italy, convictions arent de-
nitive until after at least one ap-
peal, so it was unlikely any of the
defendants would face jail imme-
diately.
Italian ofcials and experts have
been prosecuted for quake-trig-
gered damage in the past, including
a 2002 school collapse in southern
Italy that killed 27 children and a
teacher. But that case centered on
allegations of shoddy construction
in quake-prone areas.
Among those convicted Mon-
day were some of Italys best
known and most internationally
respected seismologists and geo-
logical experts, including Enzo
Boschi, former head of the Na-
tional Institute of Geophysics and
Volcanology.
I am dejected, desperate, Bo-
schi said. I thought I would have
been acquitted. I still dont under-
stand what I was convicted of. AP
WARSAW, PolandThe oldest
known survivor of the Auschwitz
concentration campa teacher
who gave lessons in deance of
his native Polands Nazi occupi-
ershas died at the age of 108,
an ofcial said Monday.
Antoni Dobrowolski died
Sunday in the northwestern Pol-
ish town of Debno, according to
Jaroslaw Mensfelt, a spokesman
at the Auschwitz-Birkenau state
museum.
After invading Poland in
1939, sparking World War II,
the Germans banned anything
beyond four years of elemen-
tary education in a bid to crush
Polish culture and the countrys
intelligentsia. The Germans
considered the Poles inferior be-
ings, and the education policy
was part of a plan to use Poles
as a slave race.
An underground effort by
Poles to continue to teach chil-
dren immediately emerged, with
those caught punished by being
sent to concentration camps
or prisons. Dobrowolski was
among the Poles engaged in the
underground effort, and he was
arrested by the Gestapo and sent
to Auschwitz in June 1942.
Auschwitz was worse than
Dantes hell, he recalled in a vid-
eo made when he was 103. AP
A man sits on rubbles in the village of Onna, a day after a powerful
earthquake struck the Abruzzo region in central Italy, in this April 7,
2009 le photo. An Italian court convicted seven scientists and experts
of manslaughter for failing to adequately warn citizens before an
earthquake struck central Italy in 2009, killing more than 300 people. AP
Bollywood czar dead
MUMBAI, IndiaBollywood
movie mogul Yash Chopra,
whose classic love tales made
him the Indian lm industrys
King of Romance, has died
after contracting dengue fever.
He was 80.
Chopras earliest major hits
included the 1975 action lm
Deewar (Wall) and the ro-
mance Kabhi KabhieLove
is Life in 1976, both of which
helped establish Amitabh
Bachchan as Bollywoods big-
gest star. The popular 1989
lm Chandni (Moonlight)
had Chopras signature touch-
es: romance, music and a Eu-
ropean setting.
Bollywood celebrities, di-
rectors and hundreds of fans
gathered at Chopras house
in south Mumbai to pay their
condolences before the funeral
to be held later Monday.
Bachchan posted a remem-
brance to his friend rst, a
creative legend later on his
blog early Monday and re-
called his 44-year association
with Chopra.
... all that shall remain will
be that which he gave life to
his creativity, his emotion, his
poetry on lm and above all
his humanity, the entry said.
He also directed Dil To Pa-
gal Hai (The Heart Is Mad),
Lamhe (Moments) and
Veer-Zaara, which won the
popular award at the Interna-
tional Indian Film Academy and
the Golden Lotus award at In-
dias National Film Awards. His
nal lm, Jab Tak Hai Jaan
(As Long As I Am Alive), is
scheduled for release across In-
dia next month. AP
ME peace vanishing
JERUSALEMFormer US
President Jimmy Carter said
Monday during a visit to Je-
rusalem that the prospect of an
Israel-Palestinian peace accord
is vanishing, blaming Israeli
settlement of the West Bank.
Carter, a longtime critic of
Israeli policies, called the cur-
rent situation catastrophic
and blamed Israel for the
growing isolation of east Je-
rusalem from the West Bank.
He said a Palestinian state has
become unviable.
Weve reached a crisis
stage, said Carter, 88. The
two-state solution is the only
realistic path to peace and se-
curity for Israel and the Pales-
tinians.
Carter is currently on a two-
day visit leading a delegation
known as the The Elders,
which includes the former
prime minister of Norway
and the former president of
Ireland. The group met with
Israeli President Shimon Peres
and Palestinian President
Mahmoud Abbas.
But they didnt meet with
Israeli Prime Minister Netan-
yahu. Carter said that the del-
egation didnt request a meet-
ing because they havent been
granted meetings on previous
visits. AP
Lance Armstrong
home work relationship
standardlifestyle@gmail.com
KIDS AT PHILIPPINE
FASHION WEEK
SM Kids Fashion, the countrys
leading childrens wear joins
Philippine Fashion Week at the SMX
Convention Center.
W
H
A
T
S
I
N
S
I
D
E
FROM SNACKS
TO SWEETS
Filipinos cant live without
their merienda and whether
you prefer sweet and savory,
Filipino food manufacturers
have something for you.
sha.re/
Gianna Maniego, Editor
Dinna Chan Vasquez, Assistant Editor
C1
WEDNESDAY OCTOBER 24, 2012
in
Heaven
Bohol
By Dinna Chan Vasquez
THE Bellevue Hotel Manila in Alabang is my favorite hotel in Metro Manila. Saying that
its my home away from home is not really accurate because the amenities in our houses
bathroom are not Acca Kappa and the beds are not king-sized. Okay, Bellevue, which
means beautiful view, would be my home if I had the money to live in a hotel.
Thus, I couldnt turn down an invitation to The
Bellevue Resort in Bohol. I am not the type who
enjoys vacations in rustic places. My idea of down-
time is a staycation at a luxury hotel in the city but I
thought, Since this is a Bellevue resort, it must be
good.
Im glad I followed my instincts.
The Bellevue resort is the latest venture of The
Bellevue Hotels & Resorts, which is headed by
its chairman Johnny Chan. The company made
its mark in the hospitality industry by opening the
rst ve-star hotel in Alabang, Metro Manila. Aside
from Bohol, the group is also looking at Palawan,
Cagayan de Oro, and Bohol.
The Bellevue Resort in Bohol, which is just 30
minutes by van from the Tagbilaran Airport, will be
formally launched this coming November but its
been open for a couple of months now.
John Patrick Chan, BH&Rs managing director,
says the Bellevues Bohol location makes it an ideal
sanctuary for privacy and indulgence.
The Bellevue Hotels & Resorts has always stood
for dedicated service, uncompromised quality and a
penchant for innovation. The opening of Bellevue
Resort is proof of our commitment to provide noth-
ing but the best for our guests, says Patrick
Warm welcome
Our group was welcomed at the Tagbilaran airport
by The Bellevue Resort staff. When we got to the
resort, we knew we were in for three restful days in
paradise.
The lobby is fashioned out of stone and unpol-
ished wood, rattan, banig, fabric and local crafts.
There is also a sunken lounge area. Of course, the
main attraction here is the unobstructed view of the
bluest sky and sea, although the skies were cloudy
that day.
The interpretation of the Filipiniana theme is quite
subtle and charming. A recurring feature is a painted
leafy print that appears on hallway walls and at a
corner of the rooms as well.
We were then shown to our rooms, the best part of
the resorts welcome.
More than half of the 159 luxuriously appointed
suites in the resort face the innity pool and Doljo
Beach. Rooms at the north wing were designed with
families in mind with two queen beds in every mas-
terfully designed guest room With an addition of a
roll-away bed, families of up to ve can rest com-
fortably, and still have room to move about freely.
On the south wing, where we stayed, the deluxe
rooms are still large enough for a family of two
adults and two young children with king beds. We
loved the LED TVs and iPod docks (this is a Bel-
levue trademark thats a favorite of my daughter,
who loves playing music).
At the Bellevue Resorts, we know that pamper-
ing the guest is an integral part of genuine hospi-
tality. The resorts team will be glad to make the
arrangements to enhance your hotel experience, be
it to celebrate a special occasion, enjoy a romantic
interlude host a family event or have a spa treatment
to complement the sense of peace and tranquility,
says Ryan Chan, the groups corporate director for
marketing and communications.
I am not proud to admit that although I was a rst-
time visitor to Bohol, I did not get the chance to visit
the attractions like the Chocolate Hills and Bohol
Bee Farm as I really spent the three days resting and
enjoying my room.
Food trip
What is Filipino hospitality without food? Our
hosts, headed by general manager Franz Eichenau-
er, made sure we were well fed.
We enjoyed Lamians interactive buffets. In fact,
one of the meals had us enjoying rice cooked inside
a coconut with the chef opening the steaming shell
by hacking it with a knife in front of us. On our last
night, we had a special buffet of seafood specialties,
pasta and other Filipino and international dishes.
Other restaurants will include Cena, which will
offer Western and Filipino fusion fare; and Marea,
the resorts signature seafood restaurant overlook-
ing the beach. Meanwhile, Flujo will offer re-
freshing cocktails, tropical shakes and other bar
chow.
Three days are not enough to enjoy Bohol and its
attractions. The resort has a tour desk for those who,
unlike lazy me, wish to explore Bohols charms. The
hotel recommends the guided community tour along
Abatan River. A rey cruise is also a romantic al-
ternative on a day when the weather is clear. One
can also see the tarsier sanctuary and Loboc River,
which includes the famous lunch buffet and musical
entertainment.
Oh, in case you want to know, the batroom ameni-
ties at The Bellevue Bohol are by Australian-made
Kudos Spa.
For more information, go to http://www.thebel-
levue.com/bohol or call +632-7718181.
Amisa clubhouse and aerial pools
The main
entrance
A deluxe room
EVERYONE deserves a perfect holiday. But
those rare windows for relaxation and reju-
venationthat much coveted picture-perfect
vacationare often marred by the hassle of
booking rooms and ights, outrageous fees
and seemingly endless queues at airports and
terminals, that would do nothing but raise
stress levels to all-time highs.
So how do you beat these usual vacation
blues? Settle down in your own paradise that
is AmiSa.
Named after the Sanskrit term for the
object of beauty and pleasure, AmiSa is
Robinsons Luxurias resort-inspired de-
velopment in Cebu that promises to pro-
vide its future homeowners all the ingre-
dients that make up for a perfect holiday
living all year rounda whiff of fresh air,
the sight of luscious greenery, cascad-
ing waves, and early morning sunlight to
greet your day.
This six-hectare residential eden, located in
Punta Engao, Lapu-Lapu City in Mactan Is-
land, is expected to soon redefine leisure liv-
ing that will offer the discerning Cebuanos the
soothing comfort that communing with nature
brings and at the same time, allow them quick
access to the hubbub of city living.
Just minutes away from the airport,
AmiSas lush landscape, topnotch ame-
nities, and unparalleled building man-
agement services are sure to guarantee
any future residents slice of a paradise
that nurtures recreation and relaxation:
that perfect year-round holiday getaway
and that sanctuary where one can have
a taste of the true healing and uplifting
powers of nature.
Upon completion, AmiSa will feature
six high-end residential condominiums
that have the alluring views of the beach
and Cebus coastline as its backdrop. The
said development is also set to house a
five-star hotel with the finest amenities
including pools, sports activity areas,
tree-lined walkways, pocket parks, and
open spaces that lead to a pristine white
sand beach.
Truly, AmiSa offers not just homes, but a slice of
paradise for you to have and to own.
Amisa: A slice of paradise
Twin beds in a deluxe room
Amisa Private Residences Tower A (left) and Tower B (right)
WEDNESDAY C2
OCTOBER 24, 2012
home work relationships
standardlifestyle@gmail.com
Gianna Maniego, Editor
Dinna Chan Vasquez, Assistant Editor
ManilaStandardToday
sha.re/
DISCOVER wines that are in-
credibly well-balanced and pure,
and which are a tribute o phe-
nomenal terroirs like Bordeaux
and other major wine-producing
regions across he world. What
better way to learn about them
than in a relaxed environment
brimming with legendary wines.
Wine Story, ne and rare wines
merchant, is holding the interna-
tionally recognized qualication
coursethe WSET (Wine and
Spirit Education Trust) Level 3
Award in Wines and Spirits. Ven-
ue is the Wine Story at the ground
level of Shangri-La Plaza Mall in
Mandaluyong City.
Mark the datesNovember 17,
18, 24, and 25, 2012. It is a great
opportunity to get certied by The
Wine & Spirit Education Trust
(WSET), a UK-based organization
providing wine qualications.
The topics that will be covered
include the following: Tasting
Techniques; Wine Making; Bor-
deaux and Southwestern France;
Burgundy & Alsace; Loire,
Rhone & the south of France;
Spirits; Italy; Spain & Portugal;
Germany, Austria, Greece &
Hungary; USA, Canada & Chile;
Argentina & South Africa; Aus-
tralia & New Zealand; Fortied
Wines; Champagnes and spar-
kling wines
Expand your knowledge and
better appreciate the ne wines
you sip. Sign up now to take part
in the upcoming wine courses at
Wine Story, which carries ne
and rare wines. For inquiries
about the WSET courses, con-
tact +639272641821 or call up
tel. no. 637-8888. You may also
email eunice@awsec.com. Wine
Story branches are presently lo-
cated at: the G/F of Shangri-La
Plaza Mall along Edsa, Shaw (tel.
633-3556); at Serendra, Boni-
facio High Street, Taguig City
(tel.# 846-6310); and now at
One Rockwell West, Makati City
(tel.# 869- 0932).
By Ed Biado
A NEW British survey reveals
that the ripe old age of 28 is the
generally accepted line between
young and grownup. By this
age, you should have already re-
covered from your quarter-life
crisis and have settled nicely
into your new role as a full-
edged adult, suggesting that
this is when other people start
taking you seriously.
As reported by various media
outlets earlier this week, 37 per-
cent of women and 39 percent
of men (out of 1,000 individuals
polled) chose this age and opined
that this is the time to prioritize
career over sex life. They also be-
lieve that youre no longer young
when you dont pay that much at-
tention to pop music anymore, as
evidenced by your lack of knowl-
edge (and perhaps, interest) on
current number one hits.
Me a n -
while, 27
percent of
the female
respondents
and 24
percent of
men chose
30the big
three-O, as it is commonly called
as the ofcial age of maturity.
Other indications that youve
abandoned your youth include
preferring to buy your own
property instead of renting, be-
ing more likely to want to live
alone than share an apartment,
choosing your signicant other
over your friends to spend va-
cation-time with, and not going
to club anymore. At the same
time, marriage has become a
consideration in entering ro-
mantic relationships.
This implies that societys
view on adulthood has changed
over time. Becoming or being
a grownup used to be governed
by strict rules. In 1960s America,
this was dened as living on your
own (or at least, not staying with
your parents), nishing school,
having your own family, and be-
ing nancially independent. Dur-
ing that time, studies show that 70
percent of American women and
65 percent of American men have
achieved that by the ages of 25
and 30, respectively.
Today, adulthood isnt deter-
mined by cookie-cutter standards.
Modern denitions of being a
grownup dont include marriage
and kids, unlike traditional ones
that were prevalent 50 years ago.
Instead, its measured in more ab-
stract and qualitative terms, such
as shifting priorities, personal de-
velopment, responsibilities and
lifestyle choices.
But yeah, 28 does seem like a
fair age to reconsider your par-
tyboy/girl ways. After all, if you
started clubbing at 18, isnt an
entire decade on the dance oor
enough?
snack bar
Forever
young...
till 28
Rainy day sweets
Its that time of the year again when the rain and the wind blows a
little harder, and the skies gets grayer. With this kind of weather, beat
the rainy day blues by indulging in a box of Mister Donuts scrumptious
Smidgets.
Each little delight is bursting with sweet goodness that kids and the
kids at heart would truly enjoy. Dig your hands into a container of Mis-
ter Donuts Smidgets and indulge in it even during the rainiest of days.
For only 150 pesos, grab of a box of these bite-size treats paired with
either a Barbie or Hot Wheels raincoat thats available in two exciting
colors. Sing and dance under the rain in style and swing by the Mister
Donut branch nearest you to avail of this promo until October 27, 2012.
Filipino-avored pancit
Filipino food favorites that satisfy the appetite and evoke fun memo-
ries can now be enjoyed instantly. From the makers of Chicharron ni
Mang Juan now comes the new Pancit ni Mang Juan.
Pancit ni Mang Juan is available in three delicious avors. Pan-
cit ni Mang Juan Tinapa and Calmansi combines the smoky good-
ness of tinapa and the citrusy zing of calamansi; Pancit ni Mang
Juan Adobo offers a delectable balance of sweet, salty, and sour
which are characteristic of the classic dish; and Pancit ni Mang
Juan in Sweet and Spicy Pinoy BBQ adds a kick of avor to the
Pinoy grilled favorite.
Pancit ni Mang Juan is available at the price of P8.25 (suggested
retail price), so Pinoy foodies can enjoy their favorite avors as
often as they want. Packed with sarap ng Pinoy goodness, Pancit
ni Mang Juan is now available in leading supermarkets, groceries,
and sari-sari stores nationwide.
Potato and multigrain fusion
Expanding its popular line of savory thin
potato crisps, Piattos is rolling out its latest
product that could likely become a new go-to
goodie of snack fans everywhere, the Piattos
Multigrain.
Piattos Multigrain remains thin but packs in
a mighty crunch with every bite because of its
seamless fusion of multigrain and potato. The
beloved hexagon-shaped chip introduced 25
years ago, is given an innovative twist with a
brand new texture that bursts with rich avors.
This new offering from Piattos comes in two
mouthwatering avors. Subtly tangy and light,
the White Cheddar and Garlic variant tickles the
tastebuds with its subtle zing. Those with bolder
tastes, on the other hand, will enjoy the meaty-
zesty mix of the Bacon and Cheese avor.
Be sure to pick up a bag or two to enjoy this
new snack. Piattos Multigrain is now avail-
able at leading supermarkets, groceries, and
convenience stores nationwide.
Fun and easy way to learn about great vintages
A healthy and uffy pasalubong
Filipinos are known for their love of gift giving and
thoughtfulness. Those who have been away for a pe-
riod of time are always ready with a pasalubong at
hand. Monde Nissin makes Filipino traditions like the
pasalubong even more valuable with the delicious
and affordable Monde Special Mamon.
Available in clas-
sic and mocha a-
vors and made from
real fresh eggs and
imported wheat
our and milk, each
uniquely Pinoy cre-
ation is uffy, moist
and light, with just the right amount of sweetness that
makes it the ideal everyday snack or treat.
Filipinos have naturally compassionate hearts, or
pusong mamon. Were known for being very caring
and nurturing, we are very friendly and expressive,
and we value, above all, our families, says Monde
Special Mamon brand associate Marla Buencamino.
Many Filipinos would remember such childhood
memories when they would anticipate their parents
coming home, armed with their pasalubong for the rest
of the family. Because truly, pasalubong has become
a symbol of thoughtfulness made special with Monde
Special Mamon.
SM Kids Fashion, the country's leading children's wear joins Philippine Fashion
Week at the SMX Convention Center.
SM KIDS FASHION
AT PHILIPPINE FASHION WEEK
You'll love the vibrant colors
and intricate designs we've cre-
ated, says Sony Adeva, merchan-
dising head for SM Kids, and
who can better play with colors
but kids and babies! Expect lots
of dressier looks and cut-and-sew
pieces in this season's colorway
soon in stores nationwide.
The upcoming Philippine Fash-
ion Week marks the third year
that SM Kids Fashion introduced
itself to one of the metros most
stylish events. Since its inception
in October 2010, it has become the
show that wowed everyone with
their innovative and trendy looks.
"Were showcasing a more pol-
ished look of our SM Exclusive
lines for kids and babies, adds
Jo Dy Juanco, vice president of
SM Kids. These lines have been
turned into house brands that
concurred what SM Kids Fashion
is today.
For the first time since join-
ing Philippine Fashion Week, SM
Kids Fashion will feature babies
to bask in the glow of adoring
spectators. They will showcase a
dynamic selection of colorful and
distinct pieces from Crib Couture,
as well as unexpected prints that
make any infant a stylish tot.
The Holiday Collection for girls
and boys will be an explosion of
colors, prints, and textures, allow-
ing kids ages 2 to 14 years old to
mix and match outfits and make a
fashion statement that suits their
individual personalities.
This October, traditional party
dresses get an edgy twist from
Modern Princess, making chic
little girls the life of any party.
Sophisticated girls ages 2 to 8
years old become miniature fash-
ion icons with Little Miss, while
tweens will be able to express
their inner glam diva through a
glamorous selection from Blush.
Little boys, on the other hand, be-
come dapper gentlemen with Mod-
ern Prince and its impressive take
on button-down shirts and blazers.
Boys Got Style features eye-catch-
ing pieces for boys ages 2 to 8 years
old, while teenage boys get to show
off their hip personality with rugged
pieces from Dude.
SM Kids Fashion is not your
ordinary everyday apparelit
defines a generations sense of
style without sacrificing com-
fort or value for money. At this
years Philippine Fashion Week,
SM Kids Fashion promises fami-
lies to a more colorful and stylish
holidays.
C3
Classifeds
ManilaStandardToday
adv.mst@gmail.com
Cordillera Administrative Region
OFFICE OF THE REGIONAL DIRECTOR
Engineers Hill, Baguio City
Re-Invitation to Bid
for
Improvement of Baguio Bontoc Road, Sinto
Mabaay Section
Km 341+000 Km 355+000, Bauko, Mt. Province
1. The Department of Public Works and Highways Cordillera Administrative
Region, through the General Appropriations Act intends to apply the sum of
Eight Million Three Hundred Thirty Two Thousand Fifty Three Pesos and
Seventy Centavos (Php 8,332,053.70) being the Approved Budget for the
Contract (ABC) to payments under the contract for Project ID No. 12PO0040,
Improvement of Baguio Bontoc Road, Sinto Mabaay Section, Km
341+000 Km 355+000, Bauko, Mt. Province. Bids received in excess of the
ABC shall be automatically rejected at bid opening.
Region now re-invites bids for the contract for Project ID No. 12PO0040,
Improvement of Baguio Bontoc Road, Sinto Mabaay Section, Km
341+000 Km 355+000, Bauko, Mt. Province. Completion of the Works is
required within Ninety (90) Calendar Days. Bidders should have completed,
within ten (10) years from the date of submission and receipt of bids, a contract
similar to the Project. The description of an eligible bidder is contained in the
Bidding Document particularly, in Section II, Instruction to Bidders.
Bidders should have completed, within ten (10) years from the date of submis-
sion and receipt of bids, a single contract similar to the Project, equivalent to at
least ffty percent (50%) of the ABC.
non-discretionary pass/fail criterion as specifed in the Implementing Rules
and Regulations (IRR) of Republic Act 9184 (RA 9184), otherwise known as
the Government Procurement Reform Act.
4. Interested bidders may obtain further information from Department of Public
Works and Highways- Cordillera Administrative Region, Engineers Hill, Baguio
City and inspect the Bidding Documents at the address given at the second
page from 8:00 A.M. to 5:00 P.M
5. A complete set of Bidding Documents may be purchased by interested Bid-
ders from the address below and upon payment of a nonrefundable fee for the
Bidding Documents in the amount of Ten Thousand Pesos (Php 10,000.00).
Interested Bidders can also make payments for the purchase of the Bidding
Documents at any DPWH Field Offces.
Region will hold a Pre Bid Conference on October 31, 2012 at the Bids
and Awards Committee (BAC) Offce, 2
nd
Floor Department of Public Works and
Highways Cordillera Administrative Region - Regional Offce, Engineers Hill,
Baguio City which shall be open to all interested bidders.
7. Bids must be delivered on November 13, 2012, not later than10:00a.m. at the
Bids and Awards Committee (BAC) Offce, 2
nd
Floor Department of Public Works
and Highways Cordillera Administrative Region - Regional Offce, Engineers
Hill, Baguio City. All bids must be accompanied by a bid security in any of the
acceptable forms and in the amount stated in ITB Clause 18.1.
Bids will be opened in the presence of the bidders authorized representatives
who choose to attend at the above address. Late bids shall not be accepted.
Region reserves the right to accept or reject any bid, to annul the bidding
process, and to reject all bids at any time prior to contract award, without
thereby incurring any liability to the affected bidder or bidders.
CLIFTON D. VALENCERINA
OIC - Chief, Construction Division
HEAD, BAC Secretariat
(074) 300-6027
(Sgd.) CONSTANTE R. SARMIENTO
Chief, Maintenance Division
BAC Chairman
(074) 300-6033
(MST-Oct. 24, 2012)
ILOILO 4
TH
DISTRICT ENGINEERING OFFICE
STA. BARBARA, ILOILO
Tel. Nos. 523-4557 523-9340
I. CONTRACT ID : 12GI0019
PROJECT NAME/LOCATION : REHABILITATION / RECONSTRUCTION
/ UPGRADING OF DAMAGED PAVED
NATIONAL ROAD, ILOILO CAPIZ
ROAD, (NEW ROUTE) K0017+000
K0017+750, ZARRAGA, ILOILO
SCOPE OF WORK : Construction of 708.00 l.m PCCP road, 0.30
m. thick x 6.70 m. wide
ABC : P10,382,809.38
DURATION : 90 CD
COST OF BID DOCUMENTS : P 10,000.00
II. CONTRACT ID : 12GI0020
PROJECT NAME/LOCATION : REHABILITATION / RECONSTRUCTION /
UPGRADING OF DAMAGED PAVED
NATIONAL ROAD LEGANES STA
BARBARA ROAD K0023+360
K0023+807.55 LEGANES, ILOILO
ABC : P9,320,428.74
DURATION : 90 CD
III. CONTRACT ID : 12GI0021
PROJECT NAME/LOCATION : ROAD UPGRADING (GRAVEL TO PAVED)
OF NATIONAL ROAD GUIMBAL IGBARAS
TUBUNGAN LEON ROAD, K0066+727
K0067+460 LEON, ILOILO
ABC : P13,921,566.42
DURATION : 90 CD
The Bids and Awards Committee (BAC) of the Iloilo 4
th
District Engineering Offce, Department of Public
Works and Highways, Sta. Barbara, Iloilo, through the FY 2013 DPWH Infra Program intends to apply the sum
statedabovebeingtheApprovedBudget for theContract (ABC) topayments under theabove-mentionedcontract..
Bids received in excess of the ABC shall be automatically rejected at bid opening.
The Bids and Awards Committee (BAC) of Iloilo 4
th
Works and Highways, Sta. Barbara, Iloilo now invites for the above-mentioned descrioption of work. Comple-
tion of the Works is required for the above-mentioned contract. Bidders should have completed, within ten
(10) years from the date of submission and receipt of bids, a contract similar to the Project. The description
of an eligible bidder is contained in the Bidding Documents, particularly, in Section II, Instruction to Bidders.
Bidding will be conducted through open competitive bidding procedures using non-discretionary
pass/fail criterion as specifed in the Implementing Rules and Regulations (IRR) of Republic Act 9184 (RA
9184), otherwise known as the Government Procurement Reform Act.
Bidding is restricted to Filipino citizens/sole proprietorship, partnerships or organizations with at
least seventy fve percent (75%) interest or outstanding capital stock belonging to citizens of the Philippines.
Interested bidders may obtain further information from the Bids and Awards Committee (BAC) of Iloilo
4
th
District Engineering Offce, Department of Public Works and Highways, Sta. Barbara, Iloilo and inspect
Bidding Documents at the address given below from 8:00 A.M. 5:00 P.M.
A complete set of Bidding Documents may be purchased by interested Bidders from the address
below and upon payment of a nonrefundable fee for the Bidding Documents indicated above. Issuance of
Bidding Documents will be on October 23 November 12, 2012.
It may also be downloaded free of charge from the website of the Philippine Government Procure-
ment System (PhilGEPS) and the website of the Procuring Entity, provided that bidders shall pay the fee for
the Bidding Documents not later than the submission of their bids.
th
Works and Highways, Sta. Barbara, Iloilo will hold a Pre-Bid Conference on October 31, 2012, 10:00 A.M. at
Iloilo 4
th
District Engineering Offce, Department of Public Works and Highways, Sta. Barbara, Iloilo,
which shall be open to all interested parties.
Bids must be delivered to the address below on or before November 12, 2012, 9:00 A.M at Bids
and Awards Committee (BAC) of the Department of Public Works and Highways Regional Offce VI, Iloilo
City. All bids must be accompanied by a bid security in any of the acceptable forms and in the amount stated
in ITB Clause 18.
Bid opening shall be on November 12, 2012 @ 2:00 P.M at BAC-TWG Offce, Iloilo 4
th
District
Engineering Offce, Department of Public Works and Highways, Sta. Barbara, Iloilo. Bids will be
opened in the presence of the Bidders representatives who choose to attend at the address below. Late
bids shall not be accepted.
To bid for the contract, a Contractor must purchase Bidding Documents and meet the following major
criteria: a) prior registration with the DPWH, BAC-CPO, Manila; b) with PCAB license applicable to the type
and cost of the contract; c) completion of a similar contract costing at least 50% of the ABC within a period
of 10 years, and d) Net Financial Contracting Capacity at least equal to ABC, or Credit Line Commitment
at least equal to 10% of the ABC.
Bidders shall submit their bids through their Authorized Liaison Offcer only as specifed in the
Contractors Information (CI). Submission of Letter of Intent (LOI) is no longer required to participate in the
bidding, per Department Order No. 64, series of 2012.
th
Works and Highways, Sta. Barbara, Iloilo City reserves the right to accept or deny any bid, to annul bidding
process, and to reject all bids at any time prior to contract award without thereby incurring any liability to
the affected bidder or bidders.

For further information, refer to:
LEONILA M. CHUA TERESITA S. SERVA
Head, BAC TWG Head, BAC-Secretariat
Iloilo 4
th
DEO, DPWH Iloilo 4
th
DEO, DPWH
Sta. Barbara, Iloilo Sta. Barbara, Iloilo
Tel No.: 033-5234557 Tel No.: 033-5234557
(Sgd.) PERLA S. LAGUARDIA
BAC Chairman
NOTED :
(Sgd.) ARNEL A. REBETA
(MST-Oct. 24, 2012)
Republika ng Pilipinas
KAGAWARAN NG PAGAWAIN AT LANSANGANG PAMBAYAN
ZAMBALES 2
ND
DISTRICT ENGINEERING OFFICE
Sitio Baring, Brgy. San Nicolas, Castillejos, Zambales
Tel No: (047)6236-2196- (047)623-2197)
Fax No.: (047)623-2195
E-Mail Add: zsdeo_dpwh@yahoo.com
INVITATION TO BID
The Department of Public Works and Highways, Zambales 2
nd
Offce, through its Bids and Awards Committee (BAC), invites contractors to bid for the
following contract:
Contract ID: 12CM0020
Contract Name: Repair/Rehabilitation of Slope
Protection
At Pamatawan River, Balaybay
Section
Contract Location: Castillejos, Zambales
Brief Description: River Control
Approved Budget for
the Contract (ABC): Php 9,697,671.61
Contract Duration: 120 calendar days
Bid Docs Fee: P/ 10,000.00
Contract Name: Desilting/Dredging of Sta. Rita River,
Tabacuhan Side, Sta. Rita, Olongapo
City
Contract Location: Brgy. Sta. Rita, Olongapo City
Brief Description: River Control
Approved Budget for
Contract Name: Preventive Maintenance (Magsaysay
Drive)
Chainage 0000 Chainage 0611
Contract Location: Olongapo City
Brief Description: Asphalting
Approved Budget for
Contract Name: Rehabi l i tati on/ Reconstructi on/
Upgradi ng of Damaged Paved
National Road (Intermittent Section)
Gapan-San Fernando-Olongapo
Road, K0118+735 to K0119+159
Contract Location: Olongapo City
Brief Description: Concreting
Approved Budget for
Contract Name: Improvement of Sacatihan River,
Brgy. Sacatihan
Contract Location: Brgy. Sacatihan, Subic, Zambales
Brief Description: Slope Protection/River Control
Approved Budget for
Procurement will be conducted through open competitive bidding
procedures in accordance with R.A. 9184 and its Revised Implementing
Rules and Regulation.
To bid for this contract, a contractor must submit a Letter of Intent (LOI) and must meet
the following major criteria: (a) prior registration with the DPWH, (b) Filipino citizen or 75%
Filipino-owned partnership/corporation, cooperative, or joint venture with PCAB license
applicable to the type and cost of this contract, (c) completion of a similar contract costing
at least 50% of ABC, and (d) Net Financial Contracting Capacity at least equal to ABC, or
credit line commitment at least 10% of ABC or. The BAC will use non-discretionary pass/fail
criteria in the eligibility check, preliminary examination of bids.
Unregistered contractors, however, shall submit their LOIs applications for registration, to
DPWH-POCW Central Offce before the deadline for the receipt of LOIs. The DPWH-POCW-
Central Offce will only process contractors applications for registration, with complete
requirements, and issue the Contractors Certifcate of Registration (CRC) Registration Form
may be downloaded at the DPWH website. (www.dpwh.gov.ph)
Issuance of Bidding Documents October 18 November 9, 2012 9:00 A.M.
Pre-Bid Conference October 26, 2012 10:00 A.M.
Receipt of Bids November 9, 2012 9:00 A.M.
Opening of Bids November 9, 2012 10:00 A.M.
The BAC will issue hard copies of Bidding Documents (BDs) at Department of Public
Works and Highways, Zambales 2
nd
District Engineering Offce upon payment of a non-
refundable fee for LOI Form. Prospective bidders may also download the BDs, if available,
form the DPWH website. Prospective bidders that will download the BDs from the DPWH
website shall pay the said fees on or before the submission of their bids Documents. Bids
must accompanied by a bid security, in the amount and acceptable form, as stated in Section
27.2 of the Revised IRR.
Prospective bidders shall submit their duly accomplished forms as specifed in the BDs
in the (2) separate sealed bid envelopes to the BAC Chairman. The First envelope shall
contain the technical component of the bid, which shall include the eligibility requirements.
The second envelope shall contain the fnancial component of the bid. Contract will be
awarded to the Lowest Calculated Responsive Bid as determined in the bid evaluation and
the post-qualifcation.
The Department of Public Works and Highways, Zambales 2
nd
reserves the right to accept or reject any or all bid and to annul the bidding process anytime
before Contract Award, without incurring any liability to the affected bidders.
Approved by:
(Sgd.) BLAS M. BALAGTAS
BAC Chairman
Engineer III
(MST-Oct. 24, 2012)
Camarines Sur 1st District Engineering Offce
Baras, Canaman, Camarines Sur
Rehabilitation/Reconstruction/Strengthening of Bridge
alongDanao-Pasacao Road Section at Batang Bridge,
Pamplona, Cam. Sur
1. The Camarines Sur 1st District Engineering Offce, through the General
Appropriation Act (GAA) 2013 intends to apply the sum of Nine Million Sixty
FiveThousand (P9,065,000.00) Pesos being the Approved Budget for the
Contract (ABC) to payments under the contract for 12FD0017 Rehabilitation/
Reconstruction/Strengthening of Bridgealong Danao-Pasacao Road Section
at Batang Bridge, Pamplona, Camarines Sur. Bids received in excess of the
ABC shall be automatically rejected at bid opening.
2. The Camarines Sur 1st District Engineering Offce now invites bids for
Rehabilitation/Strengthening of BatangBridge at Pamplona, Cam. Sur.
Completion of the Works is required 90 calendar days upon receipt of the
Notice to Proceed. Bidders should have completed at least one (1) contract
similar to the Project. The description of an eligible bidder is contained in the
Bidding Documents, particularly, in Section II. Instructions to Bidders.
non-discretionary pass/fail criterion as specifed in the Implementing Rules
and Regulations (IRR) of Republic Act 9184 (RA 9184), otherwise known as
the Government Procurement Reform Act.
4. Interested bidders may obtain further information from Camarines Sur 1st District
Engineering Offce and inspect the Bidding Documents at the address given below
from October 23-November 14, 2012 at 8:00 am -5:00 pm.
from the address below and upon payment of a nonrefundable fee for the
Bidding Documents in the amount of P 10,000.00.
6. The Camarines Sur 1st District Engineering Offcewill hold a Pre-Bid Conference
on October 31, 2012 at 10:00am at BAC Offce, DPWH, Cam Sur 1
st
DEO,
Baras, Canaman, Camarines Sur, which shall beopen to all interested parties.
7. Bids must be delivered to the address below on or before November 15, 2012
at 10:00 am at BAC Offce, DPWH, Cam Sur 1
st
DEO, Baras, Canaman,
Camarines Sur. All bids must be accompanied by a bid security in any of the
acceptable forms and in the amount stated in ITB Clause 18.
8. Prospective bidders shall submit their duly accomplished forms as specifed in
the BDs in two (2) separate sealed bid envelopes to the BAC Chairman. The frst
envelope shall contain the technical component of the bid, which shall include a
copy of the CRC. The second envelope shall contain the fnancial component of
the bid. Contract will be awarded to the Lowest Calculated Responsive Bid as
determined in the bid evaluation and post qualifcation.
9. The Camarines Sur 1st District Engineering Offce reserves the right to
accept or reject any bid, to annul the bidding process, and to reject all bids
at any time prior to contract award, without thereby incurring any liability to
the affected bidder or bidders.
METCHELIN E. MAGDARAOG
BAC Chairman
DPWH, Cam. Sur 1st DEO, Baras, Canaman, Cam. Sur
Tel. No. 054 4745789, 054 4745586
(Sgd.) METCHELIN E. MAGDARAOG
BAC Chairman
(MST-Oct. 24, 2012)

Republic of t he Philippines
Depar t ment of Publ i c Wor ks and Hi ghways
OFFI CE OF THE DI STRI CT ENGI NEER
Fift h Leyt e Engineering Dist rict
Baybay Cit y, Leyt e
Telephone Number (053) 335-2503
Invitation to Bid
October 17, 2012
ITEM I
Contract ID : 13IG0009
Contract Name : Replacement/Rehabilitation/Strengthening of Permanent
Bridges, Dungca-an Bridge along Ormoc-Baybay-Southern
Leyte Boundary Road
Contract Location : Baybay City, Leyte
Brief Description/Scope
Of Work : Strengthening of Bridge Girder, Derusting of exposed Steel
Bars on Girder, Warning Signs and Traffc Management,
Construction Safety & Health
Approved Budget for the : P 9,550,000.00
Contract (ABC)
Contract Duration : 90 Calendar Days
Cost of Bid Documents : P 10,000.00
1. The Department of Public Works and Highways (DPWH) Fifth Leyte Engineering District,
through the General Appropriation Act CY 2013 intends to apply the sum above stated being
the Approved Budget for the Contract (ABC) to payments for the abovementioned contract.
Bids received in excess of the ABC shall be automatically rejected at bid opening.
2. The Department of Public Works and Highways (DPWH), Fifth Leyte Engineering District
(5
th
LED) now invites bids for the abovementioned description of works. Completion
of the works is required for the above stated contract duration. Bidders should have
completed, within ten (10) years from the date of submission and receipt of bids, a contract
similar to the Project. The description of an eligible bidder is contained in the Bidding
Documents, particularly, in Section 11 Instruction to Bidders.
3. Bidding will be conducted through open competitive bidding procedures using non-discretionary
pass/fail criterion as specifed in the Implementing Rules and Regulations (IRR) of Republic Act
9184 (RA9184), otherwise known as the Government Procurement Reform Act.
Bidding is restricted to Filipino Citizens/sole proprietorships, partnerships, or organizations
with at least seventy fve percent (75%) interest or outstanding capital stock belonging to
citizens of the Philippines.
4. Contractors/applicants who are interested in the DPWH civil works are required to register
prior to the set scheduled of submission of bid while those already registered shall keep
their records current and updated. Contractors eligibility to bid on the project will be
determined using the DPWH Contract Profle eligibility Process (CPEP) and subject to
further post-qualifcation. Information on registration can be obtained at DPWH website
www.dpwh.gov.ph. Interested bidders may obtain further information from DPWh 5
th
Leyte
Engineering District and inspect the bidding documents at the address given below from
8:00 A.m. to 5:00 P.M.
5. A complete set of Bidding Documents may be purchased by interested bidders from
the address below and upon payment of non-refundable fee for the Bidding Documents
in the amount stated above. Issuance of Bidding Documents will be on October 28 to
November 13, 2012.

It may also be downloaded free of charge from the website of the Philippine Government
Electronic Procurement System (PhilGEPS) and the website of the Procuring Entity, provided
that bidders shall pay the fee for the Bidding Documents not later that the submission of
their bids.
6. The DPWH 5
th
LED will hold a pre-bid Conference on October 30, 2012, 10:00 Oclock
in the morning at Offce of the bids and Awards Committee, DPWH 5
th
LED, Baybay
City, Leyte, which shall be open to all interested parties.
7. Bids must be delivered to the address below on or before November 13, 2012, 9:00 Oclock
in the morning at DPWH 5
th
LED, Baybay City, Leyte. All bids must be accompanied by a
bid security in any of the acceptable forms and in the amount stated in ITB Clause 18.
Bids will be opened at 2:00 Oclock in the afternoon of November 13, 2012 in the
presence of the bidders representatives who choose to attend at the address below. Late
bids shall not be accepted.
8. All interested bidders shall purchase the Bidding Documents. Bids will not be accepted
without proof of payment for the purchase of bidding documents. Bidders shall likewise
submit their bids through their duly Authorized Liaison Offcers only as specifed in the
Contractors Information (CI).
9. The DPWH 5
th
LED reserves the right to accept or reject any bid, to annul the bidding
process, and to reject all bids at any time prior to contract award, without thereby incurring
any liability to the affected bidder or bidders.
EUSEBIO T. CULAS
OIC-Assistant District Engineer
BAC Chairman
Attention:
DPWH 5
th
LED
Brgy. Hipusngo, Baybay City, Leyte
(053) 335-2230
Email Add: charlitosacro@yahoo.com

(Sgd.) EUSEBIO T. CULAS
OIC-Assistant District Engineer
BAC Chairman
NOTED:
(Sgd.) LUT B. BACLEA-AN
District Engineer
(MST-Oct. 24, 2012)
Borongan City
Tel. No. (055) 560-9423
Fax No. (055) 261-2196
Oct. 18, 2012
bidding documents of the above stated contract. It shall form an integral part of
the bidding document.
This is to inform all concerned that the ABC of the above stated contract
is changed, thus;
Advertised New
P 15,652,998.26 P 15,645,845.76
Approved:
BAC - Chairman
(MST-Oct. 24, 2012)
bidding document.
Advertised New
Contract
48,904,452.88 48,920,228.16
Approved:
BAC - Chairman
(MST-Oct. 24, 2012)
Borongan City
Tel. No. (055) 560-9423
Fax No. (055) 261-2196
Oct. 18, 2012
C4
Isah V. Red, Editor standard.showbiz@gmail.com
showbitz
ISAH V.
RED
SIMPLY RED
Former President Joseph Estrada with Villa Medica executives
Ricky Reyes (center, standing) and Cris Aquino (extreme right)
with Villa Medica Philippine investors
AGA MUHLACH
For the past 50 years, Villa
Medica has been redening the
medical industry with its inno-
vations in Fresh Cell research.
Through its state-of-the-
art procedures, it has proven
itself a leader in preventive
health care, rejuvenation, and
revitalization.
But where is Villa Medica?
Its Thai CEO Niwat Kit-
tichaiwong and Group Man-
aging Director Michael Loh
say that Villa Medicas ag-
ship clinic is in Edenkoben,
Germany, and it is one of the
few institutions in the world
approved to conduct Fresh
Cell Therapy.
Through the efforts of sur-
geon Dr. Paul Niehans in the
30s, he was able to cure Pope
Pius XII at the Vatican with
the fresh cell therapy which
earned the faith of Europeans.
The fresh cell therapy by Villa
Medica consists of extracting
fresh cells from a sheep and in-
jecting them into the patients
body, aiding bad tissues, and
thus invigorating the bodys
natural healing process. The
effects reveal improvement in
organ function, blood circula-
tion, and metabolism.
Apart from its alternative
healing methods, it aims to
essentially prevent the occur-
rence of illnesses. The effect
also slows down the aging
process and helps regain youth
through improvement in skin
tone and complexion, reduc-
tion in wrinkles, stabilization
of mental power and increase
in vitality, energy levels and
physical power, making Villa
Medica a center for regenera-
tive medicine promoting lon-
gevity and optimum health.
Villa Medica remains com-
mitted as the industry leader
and the key facilitator of Op-
timum Health and Longevity.
Among Filipinos who have
been in Endenkoben and had
Fresh Cell injections include
former President Joseph Es-
trada and former First Lady
now Ilocos Norte Congress-
man Imelda Romuladez
Marcos. Others prefer not to
be identied.
With the growing interest
in Fresh Cell Therapy, Villa
Medica is making its pres-
ence in the country through
Villa Medica Asia Inc.
The facility in the Philip-
pines aims to serve Filipinos
and other Asians in the region.
What Villa Medica Asia
Inc. offer here are pre and
post-cell therapy programs to
clients visiting Villa Medica
in Germany. The catch is all
Fresh Cell Therapy is adminis-
tered exclusively in Germany.
The clinic in the Philippines
will be managed by Villa Med-
ica Asia Inc., spearheaded by a
service and market develop-
ment team that provides more
customer support, constant
educational programs, health
solutions, and logistics support
for those visiting Villa Medica
Germany.
The strategic location of
Philippines also allows Villa
Medica to play a signicant
role in promoting inbound
medical tourism into the
country from the markets that
Villa Medica is already hugely
known, such as China, Hong
Kong, Indo-China countries,
Taiwan, and Korea.
As lifestyles continuously
improve in the Philippines, the
consciousness on the well-
ness quotient increases pro-
portionally across the classes
hence the quest for optimum
health is no longer only con-
ned within the elite societys
reach. As the nation values
an improved quality of health
and lifestyle, more people are
exploring for best solutions to
be in their prime health, and
Villa Medica is the most ideal
therapy provider today for
most ageing population who
want a sustainable solution
for their declining health.
Young JV is Doin
Big in music
Popular RnB singer
Young JV is bringing a new
sound and unique music
styles in his debut album un-
der Star Records aptly titled
Doin It Big.
According to the singer-
actor, who also performs in
ABS-CBNs top-rating Sun-
day musical variety show
Asap 2012, his rst album in
his new recording label is ex-
tra-special for him as it pres-
ents the listeners everything
that he can do as an artist.
We worked on it for a year
and we basically did a lot of
styles of music that the youth
and young adults will surely
appreciate--from hip hop, RnB,
acoustic, house, and more. And
through it, I was able to shows
my different emotions, said
Young JV, who starred in a
number of teleserye and was
part of Sarah Geronimo and
Gerald Andersons block-
buster movie hit Wont Last A
Day Without You.
Produced by Star Records
and Doin It Big Productions,
Doin It Big features 10 tracks
including its carrier single-
turned-dance-craze Your
Name which Young JV sang
with Pinoy Big Brother Teen
Edition 4 big winner Myrtle
Sarrosa. Also part of the al-
bum are his special collabora-
tions Boy Meets Girl with
Yeng Constantino, Alay
with Akiko, Rock This Town
with Laze and Yumi, and
Hurts So Bad with Karylle.
Completing the tracklist are
Get Up And Dance, Kai-
lan Kaya, Tanong, Got To
Have You, and Pinas.
Young JVs Doin It Big
album is now available on re-
cord bars nationwide for only
P250. The tracks can also be
downloaded via www.star-
records.com.ph, and www.
mymusicstore.com.ph.
A Secret Affair
The secrets of the years
biggest and most-awaited
movie event, Viva Films A
Secret Affair, are already be-
ing revealed steadily.
The lm, opening in over
100 theaters today, marks the
comeback of the Anne Curtis-
Derek Ramsay tandem, one
year after breaking box-ofce
records with No Other Woman
that gave them the Box-Ofce
Queen and King crowns. It
also won for Anne Curtis the
FAMAS Best Actress trophy
for her role of Kara, the glam-
orous socialite who wreaks
havoc in the life of a married
man. For sure Anne will be
up again for Best Actress
awards next year for A Se-
cret Affair, where she plays
the role of a young woman
whose boyfriend gures in
a secret affair with a much
younger woman.
Not to be outdone is co-star
Andi Eigenmann who plays
the role of the other woman
in the Anne-Derek romance in
the new movie. And not just
in the acting department, but
also in the daring and baring
especially in her steamy love
scenes with Derek.
But A Secret Affair is not
just a simple love triangle
movie. Its a complicated story
where all three main characters
can be blamed for the sticky
situation they nd themselves
inAnne for having cold
feet from his wedding to
Derek, Derek for using Andi
to forget about Anne, Andi for
offering herself to Derek when
she is a friend of Anne.
Add to this the problems
that they have to deal with in
their own homesthe strug-
gle of Annes mom, Jaclyn
Jose, with her dysfunctional
marriage to her husband, Joel
Torre, who has a mistress, and
the broken marriage of Andis
mom, Jackie Lou Blanco,
with her husband. This makes
A Secret Affair the most dra-
matic movie of the year, pep-
pered with spicy dialogue that
has lots of quotable quotes.
But these are all just ap-
petizers. The main course is
the movie itself. So dont fail
to watch it when it opens to-
day. Thats when the biggest
secrets of the years biggest,
boldest, and brightest movie
will all be revealed.
TV PATROL is empowering and
engaging ordinary citizens in
determining the days headlines
via the segment CCTV Patrol
or Concerned Citizens Taking
Videos Patrol, an initiative that
capitalizes on peoples ability
to gather news content and in-
formation due to their access to
social media and technology.
CCTV Patrol features pho-
tos and videos about anything
signicant, remarkable, or bi-
zarre in their communities cap-
tured using mounted closed-cir-
cuit television (CCTV) cameras,
cellphones, and other gadgets
and sent in by them.
TV Patrol anchor Kabayan
Noli De Castro said a huge
chunk of the videos they receive
and report in the newscast de-
pict crimes that need police in-
tervention.
To date, ordinary peoples
contributions to CCTV Patrol
have led to some of the biggest
stories that hit the headlines
and revolutionized broadcast
journalism in terms of reach-
ing audiences and giving them
the opportunity to inuence and
contribute to the news cycle.
One of the most notable vid-
eos shown in CCTV Patrol
was the robbery of alleged fugi-
tives in a 7- Eleven convenience
store in Manila and a LBC out-
let in Paranaque. After the airing
of Zyann Ambrosios report in
September, the police had re-
ceived numerous text messages
detailing information about the
suspects, which TV Patrol an-
nounced through a follow-up
report.
The police have also launched
a manhunt for the suspects in-
volved in the shooting and rob-
bery of an ABS-CBN account
executive and his companion
in Mandaluyong based on a
CCTV Patrol report of a foot-
age of the surveillance camera
footage set up at the site of the
incident.
Due to the success of the
segment, Kabayan stressed the
importance of the continued
involvement of Bayan Patrol-
lers and citizens to uncovering
newsworthy events Filipinos
need to know. I encourage ev-
eryone to make good use. Of
their cellphones and gadgets in-
stead of recording trivial videos
and forwarding gossip. This is a
big help. The police no longer
have excuses in not being able
to arrest criminals identied in a
footage, he said.
Aside from airing videos that
show the stealing of a motor-
cycle, side mirrors of a vehicle,
sacks of rice, medical supplies,
and cellphones, CCTV Patrol
has also broadcast footages of
gruesome crimes such as the
slaying of a DENR ofcial in Is-
abela arid the brutal killing of a
doctor in Bacolod by two young
men. Several CCTV reports
have also been used as proof in
police investigations involving
the kidnapping of infants in a
hospital and a grocery store.
Also serving as warning to
commuters was a video lmed
by a Bayan Patroller using
his cellphone showing-a-man
scouring the-bag-of a sleeping
passenger. The incident was
described by police authori-
ties as a method employed by
a certain eskoba gang in air-
conditioned buses.
The CCTV Patrol segment
not only showcases videos of
crime but also of accidents in-
cluding the collision of a bus
and a van in Sta. Rosa, La-
guna, a CCTV footage of a car
smashing a van parked along a
street, and the rescue the driver
who was stuck in a van after a
rollover.
Watch Concerned Citizens
Taking Videos or CCTV Patrol
weeknights in TV Patrol, after
Aryana on ABS-CBN. Send
your photos and videos to ire-
port@abs-cbn.com or post them
on www.facebook.com/bayan-
moipatrolmo.akoangsimula or
to @bayanmo on Twitter.
Kapamilya
launches
CCTV Patrol Fresh cell therapy
in the Philippines?
CELL therapy is the latest buzzword in regenerative
medicine. Just about anyone who appears in public with
younger looking face is believed to have gone through the
procedure. But, little do they know that Fresh Cell Therapy
has been around for a long time. It is just now that Filipinos
are getting to know what this is all about.
Young JV
Anne Curtis, Derek Ramsay
and Andi Eigenman star in Viva
Entertainments A Secret Affair
Former First Lady now Ilocos Norte Congressman Imelda
Romualdez-Marcos doesnt deny she has had Fresh Cell Therapy

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