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Iloilo Rep Treñas to file charges over P16.5-M walkway project under Green, Green, Green program

REPRESENTATIVE JERRY P. Treñas of the lone district of Iloilo City plans to file charges against those involved in the proposed P16.5-million walkway project of the city government that will link Sunburst Park with Plaza Libertad. “How can you use the fund which is specific to parks and plazas for a walkway? That is technical malversation,” Mr. Treñas said in a phone interview. The project is dubbed the Development of Park in the City Civic Center, with funding from the Department of Budget and Management’s Green, Green, Green program. Architect Dolly Anne M. Zoluaga, assistant department head of the City Planning and Development Office, explained that the project, conceptualized back in 2014, involves the creation of a “safe walking corridor” or “walkway” between Sunburst Park and Plaza Libertad, which are in the city’s downtown area. “Because if you have noticed, there is no sidewalk at Muelle Loney area and JM Basa. So we see to it that the people can safely pass by,” she said. Ms. Zoluaga also clarified that the structure will not affect the congressman’s building, located at Macario Peralta Street. Mayor Jose S. Espinosa III said the city would provide legal defense to Ms. Zoluaga and others who may be sued by Mr. Treñas. — Louine Hope U. Conserva

Maute group sub-leader killed

WesMinCom logoA SUB-LEADER of remnants of the Maute group, which led the siege in Marawi City last year, was killed on Sunday in Upper Dimayon, Tagoloan Lanao del Norte, the Western Mindanao Command (WesMinCom) reported in a statement late afternoon Monday. Col. Leonardo I. Peña, chief of the WesMinCom’s unified command staff, said soldiers of the Joint Task Force ZamPeLan (Zamboanga Peninsula Region and Lanao provinces), with members of the Tagoloan police and the National Bureau of Investigation, encountered at least 100 Daulah Islamiyah-Maute remnants under Dianalan Dimnatang Imam, also known as (a.k.a.) Papayungan, and Hadji Rasul Mambuay a.k.a Mercury. “While conducting clearing operation, a team from the 4th Mechanized Battalion was fired upon in Upper Dimayon, firefight ensued which resulted to the neutralization of Mercury,” he said. Mercury, identified as the sub-leader of the group based in Pagayawan, Lanao del Sur, is listed “number 541 in the Martial Law Instruction Number 1 dated September 4, 2017 and has a standing warrant of arrest for Arson.” — Albert F. Arcilla

ARMM documents for turnover to new Bangsamoro 90% complete

DOCUMENTS THAT the Autonomous Region in Muslim Mindanao (ARMM) government will turn over to the new political entity under the Bangsamoro Organic Law (BOL) are now “90% to 95%” ready. ARMM Executive Secretary Laisa M. Alamia, in a statement, said the documents will be submitted to the coordination team for transition to the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) as well as the Senate and the House of Representatives. “These documents are very important for the BARMM, so when they come in, all of these documents will be there. They will be able to study it… and that would mean that BARMM will not start from zero,” Ms. Alamia said. Technical staff from the ARMM’s different line agencies participated in a documents validation workshop last week to finalize the papers. The plebiscite on the BOL is scheduled on Jan. 21, 2019.

Stocks slump as oil prices stoke inflation concerns

By Arra B. Francia, Reporter
LOCAL EQUITIES tumbled on Tuesday as the rise of global oil prices heightened inflation fears alongside the continued sell-off by foreign investors.
The 30-company Philippine Stock Exchange index dropped 1.24% or 89.72 points to close at 7,132.36 yesterday, falling for the third consecutive session. The main index plunged to as low as 7,093.92 for the day before paring losses in time for closing bell.
The broader all-shares index also gave up 0.97% or 43.29 points to finish at 4,398.80.
“Crude oil price continues to be on the bullish uptrend now at more than $75 per barrel while net foreign selling persists weakening the peso. Both are inflationary in nature thus will further push prices upward,” Diversified Securities, Inc. trader Aniceto K. Pangan said via text on Tuesday.
Oil prices jumped to their highest in nearly four years overnight, as markets project tighter supply once the United States’ sanctions against Iran take effect next month.
“This has made the investors jittery resulting in the market selling,” Mr. Pangan added.
Meanwhile, Papa Securities Corp. trader Gabriel Jose F. Perez noted that index heavyweight SM Prime Holdings, Inc. contributed to the market’s loss, as it was sold down by 5%. The Sy-led firm recorded the highest foreign outflow for the day at P292.7 million.
Foreign investors ended at a net selling position for the 24th straight day with net outflows worth P397.38 million, lower than Monday’s P677.5 million.
In contrast, markets in the United States climbed after Washington and the Canadian government inked a deal to replace the North American Free Trade Agreement. US President Donald J. Trump called the deal “truly historic.”
With this, the Dow Jones Industrial Average rose 0.73% or 192.90 points to 26,651.21, while the S&P 500 index added 0.36% or 10.61 points to 2,924.59. The Nasdaq Composite index however dipped 0.11% or 9.05 points to 8,037.30.
Asian indices mostly fell on Tuesday following cautious view on the global economy.
Back home, sectoral indices suffered another bloodbath, led by the property sector with a decline of 3.65% or 132.28 points to 3,484.28. Mining and oil shed 2.49% or 221.20 points to 8,632.92; financials slipped 0.71% or 11.57 points to 1,609.11; holding firms went down 0.63% or 45.14 points to 7,015.43; industrials gave up 0.41% or 43.50 points to 10,431.80; while services dipped 0.11% or 1.74 points to 1,500.48.
Decliners outpaced advancers, 112 to 72, while 56 issues ended flat.
Some 921.4 million issues valued at P5.70 billion switched hands, rising from the previous session’s P4.23-billion turnover.
“We might however continue to see more of the lackluster volume in the next few days as the market awaits Friday’s inflation data release,” Papa Securities’ Mr. Perez said in an e-mail.

Peso weakens as investors price in inflation bets

A TELLER counts $100 bills at a money changing establishment. — PHILSTAR/KRIZJOHN ROSALES

THE PESO weakened further against the dollar on Tuesday as investors continued to price in a likely faster September inflation print.
The local unit ended Tuesday’s session at P54.25 versus the greenback, 14 centavos weaker than the P54.11-per-dollar finish on Monday.
The peso traded weaker the whole day, opening the session at P54.18 against the dollar, which was its best showing for the day. Its intraday low stood at P54.29 versus the US currency.
Dollars traded rose to $655.4 million from the $385.7 million that switched hands the previous day.
Ruben Carlo O. Asuncion, chief economist at UnionBank of the Philippines, said downward pressure is expected for the peso this week until the release of September inflation number.
“The market, I think, is slowly pricing the expectations in,” Mr. Asuncion said in a text message.
The market expects a faster inflation print last month from August’s 6.4%. A BusinessWorld poll of 13 economists yielded a 6.8% median forecast for headline inflation last month, matching the estimate given by the Bangko Sentral ng Pilipinas’ Department of Economic Research.
“The peso depreciated amid lingering expectations of stronger local inflation reading for September…which increased safe-haven demand for the dollar,” a trader said in an e-mail.
Meanwhile, another trader said the peso weakened due to corporate demand.
“We saw some corporate demand as it was the reason why the peso was pushed to around P54.29,” she said in a phone interview, noting that the level of resistance around P54.30-P54.35 still remained.
For Wednesday, Mr. Asuncion expects the peso to move between P54.20 and P54.50 versus the dollar, while the second trader gave a P54.10-P54.30 forecast.
PESO RECOVERY SEEN
Meanwhile, Sun Life of Canada (Philippines), Inc. expects the local unit to end the year stronger at P53.80 on the back of dollar inflows.
Michael Gerard D. Enriquez, Sun Life Financial chief investments officer, said San Miguel Food & Beverage, Inc. is expected to enter the local bourse in November to raise $150 million.
“Half of that will be sold to investors, so we would expect inflow of dollars to come in by next month,” Mr. Enriquez said.
The capital inflow, he added, will be coupled with the surge in remittances from overseas Filipinos in time for the holiday season.
“The seasonality where [overseas Filipino worker] remittances will be heightened. Towards the last two months of the year. So we would expect the peso to strengthen from where it is at the moment because of these things.” — Karl Angelo N. Vidal

Nation at a Glance — (10/03/18)

News stories from across the nation. Visit www.bworldonline.com (section: The Nation) to read more national and regional news from the Philippines.

EAC Generals win two in a row, send Chiefs packing

By Michael Angelo S. Murillo
Senior Reporter
THE Emilio Aguinaldo College Generals notched their second back-to-back wins in Season 94 of the National Collegiate Athletic Association after beating the Arellano Chiefs, 78-70, on Tuesday at the FilOil Flying V Centre that also ended the playoff hopes of the latter.
While already eliminated from the playoff race, EAC (4-11) showed much competitiveness, using a strong start against Arellano (4-10) and hanging tough in the end to win two in a row while also pulling down the Chiefs from the Final Four race.
The Generals went for an early pullaway led by Jerome Garcia and JP Maguliano, outscoring the Chiefs, 11-2, in the first three and a half minutes of the opening quarter.
Arellano’s backcourt of Levi Dela Cruz and Ian Alban tried to rally the Chiefs only to have limited success as they went trailing, 21-11, after the first 10 minutes of the contest.
EAC picked up where it left off in the first canto to start the second frame, led anew by the hot-shooting Garcia.
The Generals fired from all cylinders as they continued to hold the Chiefs at bay and extended their lead to 18 points, 48-30, by the halftime break.
In the third period, Arellano came out with more aggressiveness on both ends of the court, going on a 9-6 run to cut into the lead of EAC, 54-39, midway into the quarter.
Michael Canete and Archie Concepcion towed the Chiefs even closer to 12 points, 58-46, with less than two minutes to go.
The Generals eventually survived the Arellano charge back to carry a 13-point cushion, 63-50, heading into the payoff quarter.
Undeterred by the constant fending-off by EAC, the Chiefs continued to claw their way back to begin the final canto.
Dela Cruz and Canete thrust their team to within five points, 64-59, with 4:34 left on the clock.
Two free throws by EAC big man Hamadou Laminou stopped the bleeding for the Generals only to be answered by a drive from Alban with 3:37 to go to keep Arellano within striking distance, 66-61.
Laminou though would use his height advantage over his defenders to power his team to a 72-63 lead with two minutes remaining.
The Chiefs made a last-ditch effort to salvage the victory to come within six points, 76-70, with 27 seconds left but that was the closest they would get as they slumped to the defeat and kissed their playoff hopes goodbye.
Garcia led EAC with 25 points to go along with six rebounds and six assists followed by Maguliano with 15 points and 10 boards.
Laminou finished with 14 points, seven rebounds and three blocks for the Generals, who defeated the College of St. Benilde Blazers in their previous game.
Dela Cruz, meanwhile, paced the Chiefs with 15 points while Alban added 14.
Guilmer Dela Torre had 12 and Concepcion 10 for Arellano, which needed to win to say in the playoff hunt.
“We sort of collapsed in the fourth period as we became complacent with the big lead. But we told each other not to panic and thankfully we hang on for the win,” said Garcia, named player of the game, after their victory.
EAC next plays on Oct. 5 against the Mapua Cardinals while Arellano faces off with the Jose Rizal University Heavy Bombers on the same day.

Rain or Shine looks to arrest bad start in Governors’ Cup

By Michael Angelo S. Murillo
Senior Reporter
HAVING opened their Philippine Basketball Association Governors’ Cup campaign with two straight losses, the Rain or Shine Elasto Painters look to break through the win column when they take on the Alaska Aces today at the Smart Araneta Coliseum.
Set for 7 p.m., the Elasto Painters (0-2) are parading a new import in Terrence Watson when they collide with the Aces (3-1), replacing original import J’Nathan Bullock.
Rain or Shine said they are going for more ceiling in bringing in Mr. Watson, who played last season for the San Miguel Beermen.
The most recent of the losses of the E-Painters was against the Magnolia Hotshots Pambansang Manok, 92-76, on Sept. 26 where they had a slow start from which they could not recover from.
Mr. Bullock only had 15 points in said game with Gabe Norwood adding 12 of his own and Maverick Ahanmisi and Ed Daquioag finishing with 11 and 10 points, respectively.
Mr. Watson was also a replacement import for San Miguel in the same tournament last season and led the Beermen to the quarterfinals before losing to eventual champions Barangay Ginebra San Miguel Kings.
Out to keep Rain or Shine winless in the season-ending PBA tournament are the Aces, who are coming off a long layoff, having played last on Sept. 2 and losing to Barangay Ginebra, 109-101.
Import Mike Harris is leading the Aces with averages of 21.3 points, 17.3 rebounds and a steal.
Backstopping him is guard Chris Banchero who has been good for 17 points, 9.5 assists and 5.3 rebounds per game while Vic Manuel and Simon Enciso have been chipping in 16 points apiece a game.
The Aces are currently at solo fourth place heading into today’s contest.
Preceding the Alaska-Rain or Shine game is the clash between Magnolia (4-1) and Columbian Dyip (0-6) at 4:30 p.m.
Meanwhile, the Meralco Bolts came up short in their attempt to barge into finals of the FIBA Asia Champions Cup, losing to Petrochimi of Iran, 79-74, in the semifinals on Monday night in Thailand.
The loss relegated the Bolts, which represented the Philippines in the tournament, in the battle for bronze later yesterday against SK Knights of South Korea.

De La Salle Green Archers face off with Ayo-coached UST Growling Tigers

FOR the first time since parting ways late last year, the De La Salle Green Archers will face off with former coach Aldin Ayo when they take on the University of Santo Tomas Growling Tigers in the curtain-raiser of University Athletic Association of the Philippines Season 81 action today at the Mall of Asia Arena.
Led the Archers to the UAAP title in Season 79 on his first year of coaching La Salle, Mr. Ayo left the Taft-based school following last year’s campaign where they finished runner-up to coach UST, rendering their 2 p.m. encounter with another subplot to take note of.
The Archers (2-2) are coming off a 67-61 loss to the University of the Philippines on Sept. 30 that effectively ended their two-game ascent.
It was a close match between the two teams before La Salle lost some steam in the second half, allowing UP to get some leverage to book the victory.
Justine Baltazar led the Archers with 13 points, followed by Aljun Melecio and Santi Santillan with 12 points apiece.
It was not enough though to tow La Salle to the win over UP.
UST (1-3), meanwhile, is off a deeper hole, having lost back-to-back matches, the last one against Ateneo de Manila University, 85-53, on Sept. 29.
The Tigers were totally outplayed by the Eagles in said game despite getting 19 points from Renzo Subido and 15 from CJ Cansino.
Mr. Ayo said they are “taking the loss as men” and will try to bounce back against the Archers today even as he said that they will treat it as another game.
Following the La Salle-UST tiff is the matchup between the Far Eastern University Tamaraws (2-2) and National University Bulldogs (1-3) at 4 p.m.
MANGANTI IS UAAP POW
Meanwhile, Sean Manganti of league-leading Adamson University was named UAAP Player Of the Week (POW) by the league press corps after helping the Falcons to two wins in a row last week to keep them spotless in the ongoing tournament.
Manganti thrust Adamson to the victory over UP, 69-68, on Sept. 26 after draining the winning basket with seventh-tenths of a second left on the clock.
He then followed it up with a 14-point, three-rebound, four-assist and two-steal effort against NU on Sept. 29 as the Falcons won, 63-58.
Despite his splendid play of late, the Adamson skipper said work continues for him and that hopefully he can continue helping the team.
“I just want to be consistent, help carry the team, and do everything to carry the team,” Manganti said.
In winning the weekly plum, Manganti beat out University of the East’s Alvin Pasaol, UP’s Bright Akhuetie, and Ateneo’s Angelo Kouame. — Michael Angelo S. Murillo

Chess Olympiad: Philippine men’s team beats Albania, 2.5-1.5

THE Philippines survived a feisty Albania, 2.5-1.5, to slowly creep back into the thick of things after seven rounds in the men’s division of the 43rd World Chess Olympiad in Batumi, Georgia Monday night.
Grandmaster Julio Catalino Sadorra and International Master Haridas Pascua bested IMs Dritan Mehmeti and Ilir Seitaj on boards one and four, respectively, while IM Jan Emmanuel Garcia turned a losing position to a draw with FIDE Master Franc Ashiku on board three as the Filipinos escaped with the win.
The Philippines, which is being bankrolled by the Philippine Sports Commission and backed by NCFP president Butch Pichay, thus moved further up the standings in the top 60 with eight points after lurking outside the top 100 two rounds before.
GM John Paul Gomez blundered away a pawn and then a rook and fell to untitled Llambi Pasko on second board.
Thankfully, Garcia came to the country’s rescue by coming through with a miraculous draw.
The Philippines was playing Uruguay in the eighth round at press time hoping to climb further up in this biennial, 11-round tournament being currently led by Azerbaijan, Poland, and the United States with 13 points apiece.
Interestingly, one of the spearheads of the Americans is Caviter-born GM Wesley So, who has a perfect six points on five wins and to draws.
In women’s play, the Pinay chessers absorbed a 1-3 beating at the hands of the Georgian’s second team to drop out of the top 20.
A day after upsetting 15th seed Spain, the Philippines ran out brilliancy as Woman IMs Shania Mae Mendoza and Bernadette Galas lost to WGMs Inga Charkhalashvili and Miranda Mikadze on boards two and four, respectively, while WGM Janelle Mae Frayna and WIM Marie Antoinette San Diego halved the point with IM Salome Melia and EIM Sofia Gvetadze on boards one and three, respectively.
The stinging defeat sent the Philippines from a share of No. 13 to a 20-country pack at No. 24 with nine points.

PHL out to improve on Asian Para Games campaign

PHILIPPINE para athletes begin their 2018 Asian Para Games campaign later this week with the hopes of improving on their last showing at the quadrennial sporting event after being shored up by more support from stakeholders.
Happening in Jakarta, Indonesia, from Oct. 6 to 13, the third Asian Para Games will see 57 para athletes from the Philippines competing in 10 disciplines with the end goal of topping their five-silver and five-bronze medal haul in Incheon, South Korea, in the 2014 edition of the Games.
The Filipinos, who will be part of the more than 3,500 athletes from different parts of Asia descending on the Indonesian capital, will compete in archery, athletics, badminton, chess, cycling, judo, powerlifting, table tennis, swimming and tenpin bowling in the week-long competition.
Leading the Philippine contingent are bemedalled para athletes Adeline Dumapong-Ancheta of powerlifting and Josephine Medina of table tennis.
Ms. Ancheta holds the record for being the first Filipino to win a medal in the Paralympics after bagging a bronze medal in Sydney, Australia, in 2000 while Ms. Medina won a bronze medal in 2016 at the Paralympics held in Rio de Janeiro, Brazil.
Joining them in donning the national colors are Agustina Bantiloc and Giovanni Ola (archery); Prudencia Panaligan, Andy Avellana, Jerrold Pete Mangliwan, Joel Balatucan, Evaristo Carbonel, Jeanette Acebeda, Marites Burce, Arman Dino, and Cendy Asusano (athletics); Jonas Matados, Paz Lita, and Kathleen Pedrosa (badminton); Sander Severino, Henry Roger Lopez, Jasper Rom, Minandro Redor, Israel Peligro, Arman Subaste, Francis Ching, Rodolfo Sarmiento, Cecilio Bilog, Fe Mangayayam, Jean-lee Nacita, and Cheryl Angot (chess); Arthus Bucay and Godfrey Taberna (cycling); Gener Padilla, Deterson Omas, and Carlito Agustin (judo); and Achelle Guion, Agustin Kitan, Marydol Pamatian, and Romeo Tayawa (powerlifting).
Also part of the team are Minnie Cadag, Benedicto Gaela, Pablo Catalan, Darwin Salvacion, and Smith Billy Cartera (table tennis); Ernie Gawilan, Gary Bejino, Roland Subido, Arnel Aba, and Edwin Villanueva (swimming); and Kim Ian Chi, Samuel Matias, Angelito Guloya, Christopher Yue, Francisco Ednaco, Jaime Manginga, Augusto Hernandez, Crisostomo Yao, Noel Espanol and, Ruben San Diego (tenpin bowling).
RICHER DELEGATION
Believing that the country will be represented by a “richer delegation” in the Jakarta Asian Para Games, Philippine chef de mission Francis Carlos Diaz said the country’s campaign could be a breakthrough one, where the Philippines’ first gold medal could be notched.
“Coming from the Incheon Asian Para Games in 2014 we have a richer delegation this time around in terms of experience and skill, after all it’s four years of athletic competition. Our training has been all year long like the ordinary athletes,” Mr. Diaz told reporters at the send-off for the team on Sept. 28 hosted by the Philippine Paralympic Committee and the Philippine Sports Commission at Kamayan EDSA.
“We improved a lot in terms of support. I wouldn’t say the numbers but by far the grant that the Philippine Sports Commission gave to this bunch of athletes is really astronomical in terms of figures. The fund was for their training and equipment, training supply and uniforms. All of these were given by the government. In terms of private support, we have had some support from small companies which have somehow contributed for our athletes’ campaign. They are not yet major sponsors but they have been a big help,” he added.
With more support coming in for the country’s para athletes and the paralympic movement, Mr. Diaz said there is more pressure to deliver but they are not letting it hamper their performance.
“Definitely there is pressure to deliver after all the support given. But in the numerous meetings we had with the coaches and athletes, everybody is aware that really the objective is to produce a better outcome than the Incheon Asian Para Games where we had five silvers and five bronzes. And hopefully we get our first gold medal,” he said.
Ms. Ancheta also shared the same view while also vowing to do her best in her event.
“Surely there is more pressure. When not much attention was given to us we were pressuring ourselves to do better to get the support, and now that we have support all the more we need to show that we deserve to get the support they have been giving us,” she said.
Adding, “It’s hard to make a prediction. As my coach would like to say ‘Anything can happen.’ But we are hoping for the best. We have trained hard and it’s all now about performing.”
As mandated by law, para athletes who bring home a medal are due for cash incentives like regular athletes.
In the 2014 Asian Para Games, China was the overall winner with 174 gold, 95 silver, and 48 bronze medals, followed by host South Korea (72-62-77) and Japan (38-49-56).
The Philippines placed 24th out of 32 participating countries. — Michael Angelo S. Murillo

US Ryder Cup loss raises old questions

LOS ANGELES — A change in PGA Tour scheduling will ensure the American players are fresher at future Ryder Cups, but that alone will not guarantee future success, particularly when the biennial event against Europe is held away from home.
It certainly did not help that 11 of the 12 members of the losing United States team at Le Golf National arrived jet-lagged directly from the Tour Championship on the PGA Tour.
But several Europeans also played in Atlanta, including Francesco Molinari who won all his five matches in Paris.
So scheduling cannot take all the blame for the American team’s performance, except perhaps for the poor form of Tiger Woods, who was a shadow of the player who clinched his memorable victory at East Lake last Sunday.
The PGA Tour schedule from next year will be condensed to finish by the end of August, a month before the Ryder Cup, so everyone should be rested and raring to go for the 2020 event at Whistling Straits in Wisconsin.
More problematic when the 2022 event is staged in Rome is whether the American players will be familiar with the course.
Half the team had never set foot on Le Golf National before last week and only one, Justin Thomas, had played it in competition.
For all the mountains of statistical data the American leadership employed an analytics firm to provide, nothing helps more than knowing a course inside out.
Losing captain Jim Furyk defended his troops, pointing out that several had visited the course before the British Open.
But half the team did not, a situation that could arise again unless the Americans make a reconnaissance visit a prerequisite for future team selection.
Europe will continue to set up the course to the perceived strength of their team, but knowledge of the layout would help nullify any home advantage.
TASK FORCE
Four years ago, at the team news conference after losing in Scotland, Phil Mickelson issued a thinly-veiled criticism of Tom Watson as his captain sat awkwardly at the same table.
Mickelson said things had strayed from the winning formula used by 2008-winning captain Paul Azinger.
“He got everybody invested in the process,” Mickelson said of Azinger.
The criticism set in motion soul searching at the PGA of America, which created a task force including Furyk, Woods and Mickelson to examine what could be changed to ensure future success.
Victory on home soil in 2016 appeared to validate the process, but this year’s heavy loss could raise questions of whether that result was merely an aberration which had little to do with the task force.
Mickelson could hardly have been more supportive of his skipper on Sunday.
“Our captain is one of the best people in golf,” Mickelson said, praising Furyk for bringing the players into the decision-making process. “We just didn’t quite execute.”
Furyk vowed to do what he could to help.
“I’ll work with the PGA of America and our Ryder Cup committee and I think we’ll keep improving,” he said. — Reuters