Manila Standard Today - Monday (December 17, 2012) Issue
Manila Standard Today - Monday (December 17, 2012) Issue
Manila Standard Today - Monday (December 17, 2012) Issue
S
I
N
S
I
D
E
ASK AN HIV
COUNSELOR
Free yourself from all the
myths and get to know the
truth about HIV and AIDS.
Gianna Maniego, Editor
Dinna Chan Vasquez, Assistant Editor
DEFINED as a devoted fol-
lower of haute couture, we nd
a lot of them in our midst, giv-
ing color, excitement, vitality
and glamor to the dozens of so-
cial events that crowd our daily
schedule throughout the year.
Small wonder why our metropo-
lis can easily be branded as the
fashion capital of Asia. These re-
cent events show you why.
Bur dang Taal
Earlier this year, Batangas
vice governor Mar k Leviste
moved to promote awareness of
Taals local hand-embroidery in-
dustry and its great potential for
the future, by requesting the Es-
pino brothers, producers of Phil-
ippine Fashion Week, to help
this dying industry.
Responding positively to
this appeal, 16 of Manilas top
fashion designers showcased
Burdang Taal, Habing Filipino
at the Philippine Fashion Week
Spring/Summer 2013, with the
support of the Fiber Industry
Development Authority of the
Philippines (FIDA).
The show was a huge success,
gauging from the attendance of
the metros well-heeled, including
Fashionista
a large delegation from the Mu-
nicipality of Taal@its local gov-
ernment ofcers and stakeholders
in the embroidery industry.
Among the designs which
stood out during the show were
Edgar San Diegos 3-piece col-
lection, inspired by the basic
parts of the Filipino dress. The
tapiz, kimono, bell sleeves and
panuelo were cut in a stylized
manner and adorned with the
ne embroidery of Taal. The in-
teresting combination of brown,
silver gray, kiwi and olive on the
silk daskin material makes up
San Diegos 2013 Spring/Sum-
mer color palette.
Nator i
The 35 th anniversary of the
Natori Company was recently
celebrated at the Ayala Museum;
with guest of honor, Josie Natori
herself. Rustans hosted the glit-
tery event which also featured
the designers Fall Winter 2012
collection as well as the Capsule
collection that is exclusive to the
Philippines. It also had a retro-
spective exhibit, dating back to
1977 when the brand was born,
with iconic pieces such as an intri-
cately done bustier worn by Cindy
Crawford in Cosmopolitan maga-
zine, beaded cat suits, kimonos
and a night gown worn by Julia
Roberts in Pretty Woman.
The global stage is Natoris
perfect arena, as she combines
the heritage and traditions of her
Eastern upbringing with the con-
temporary, modern sensibilities
of her New York life.
Best dressed for char ity
An evening of glitz, glam-
our and gracious hearts was
the best way to describe the
9th Best Dressed Women of
the Philippine gala, chaired by
Helen Ong, Imelda Coj uang-
co and Dr. Rober t o Pat er no,
and one of the more awaited
social revelries in the country.
The evening event honored the
countrys fashion-conscious
creme de la creme while pro-
moting cancer awareness and
the value of compassion for
those suffering from such nal-
ady.
This year, the event, made
possible by CATS Motors, Inc.,
East West Bank and Lifestyle
Asia, also honored eight Exem-
plary Men of Inuence, led by
former President Fidel V. Ramos.
YOUR WEEKEND
CHUCKLE:
Give a person a sh and you
feed him for a day. Teach a per-
son to use the Internet and he
wont bother you for weeks,
months, maybe years!
For feedback, Im at bobzo-
[email protected]
NATASHA Vodianova is a top model who has earned the distinction of being
one of the few muses to have bags created for them. A special version of the
Piper Lux from Furla was designed and sold exclusively in Moscow to help
fund the models Naked Heart Foundation. All proceeds from the bags sale
are donated to the foundation.
But if youre not someone
who has a to-die-for bag designed
in your honor, the next best thing
is to covet the bag itself, together
with other key pieces by luxury
and designer labels from this
season and the next. Head-to-toe
accessories play an all-important
role in spicing up any outt. So
look out for the hottest bags,
shoes, timepieces and jewelry
that stylish folk are lusting after.
And that obviously includes the
quintessential item from Furla.
Piper Lux was intro-
duced last year and
was dispatched
to stores in
spring 2012.
It quickly be-
came
one of the brands bestselling
items. Those who want to get
their hands on new designs will
have to wait till spring, when the
collection gets refreshed. The
Spring/Summer 2013 edition of
the bag is realized in two vari-
ants: total white and total black.
Two new headlining items
from Tods are more reasons
to look forward to spring. First
presented to the Milan fashion
press, the D Bag and the Bal-
lerina ats reafrm the luxury
leather companys commitment
to craftsmanship and timeless
design.
The former, one of the brands
most iconic pieces, arrives in
a variety of supple dgrad py-
thon. A special Couture edition
in precious skins evoke pure
luxury and art, elevating the D
Bag to object-of-desire status.
Meanwhile, the latter (Bal-
lerina at) is rendered in fun
and youthful summer hues,
making the classic item an
important foot accessory for
seasons to come.
Meanwhile, a new
generation of the Char-
riol Celtic watch is available this
season. The latest incarnation for
men features an oversize case
measuring 43mm in diameter, up
from the traditional 38mm. The
one for the ladies retains a dainty
size of 26mm.
The Celtic line boasts a self-
winding movement visible
through the sapphire exhibition
backs and dials displaying Ro-
man numerals. The bracelets are
made with the brands trademark
chevron-structured cable design.
The current update comes in
three versions: steel case/stain-
less steel cable bracelet, steel
case/black PVD-coated cable
and black PVD-coated stainless
steel cable bracelet, and steel
case with 18K yellow or pink
gold bezel/stainless steel brace-
let.
Another brand thats doing a
lot of updating is Marco Bicego.
Backed by a rich history of ne
Italian design and quality, the
jewelry maker is revisiting its
most popular pieces from the
archives this year, updating the
collections with new colors and
sophisticated nuances.
Items form the Africa line,
inspired by tribal jewelry and
the soft dunes of the Sahara, are
mostly rounded and bear a glossy,
yet quite sandy, appearance. Eve-
rythings in gold, chunky and ex-
travagant, but theyre extremely
light. The necklaces, bracelets,
earrings and rings are all indi-
vidually engraved, brushed and
textured by hand at the brands
workshop in Trissino.
The multi-tone Goa line is
a play on contrasts, with 18k
white, yellow and pink gold in
the mix. The different golds are
twisted with and around one an-
other to create interesting lines in
circular shapes. The blending of
the warm and cool tones are fur-
ther accentuated with white dia-
monds for sparkle and additional
depth and swirling movement.
The nal new line is Jaipur
Link. As the name implies, the
pieces are chains of linked rings
and stones that ow and inter-
weave, giving the impression of
lively and playful movement
an expression of equal parts sim-
plicity and air.
Furla, Tods and Charriol are
exclusively distributed in the
Philippines by Stores Specialists
Inc. Marco Bicego is exclusively
available at Rustans.
ACCESSORIES
COVET
By Ed Biado
to
Africa
brace-
let
from
Marco
Bicego
The
Piper Lux
(Natalia
Vodianova
edition)
from Furla
The Celtic 26
Silver & Rose
Gold from
Charriol
The Ballerina
from Tods
Josie Natori and Rustans
President Zenaida Tantoco
Ambassador of Chile to the
Philippines Roberto Mayorga
with wife Madame Paulina
Lizzie Zobel and Josie Natori
Inno Sotto and David
Leung
A closer
look at San
Diegos
master-
pieces
(From left) Former president Fidel Ramos; Solar Entertainment Corporation
chairman Wilson Tieng; Corporate Link Management Group of Companies
founder Dr. Eduardo Ong; Turkey Chamber of Commerce to the Philip-
pines executive vice president Abdulgani Macatoman; Del Rosario and
Del Rosario Law rm managing partner Atty. Ruben Del Rosario, Owner
and chairman of Henann Resorts, Henry Chusuey; I-Remit, Inc. chairman
Bansan Choa; and Calata Corporation chairman Joseph Calata
Crickette Tantoco, Mike Huang, Donnie Tantoco,
Kathy Huang, Chris Tantoco and Dina and Paolo
Tantoco
Edgar San Diego and his 3-piece collection
The 2012 Best Dressed Women of the Philippines awardees (from left): Bernadette Montinola-Aboitiz in a gown by Juan Carlos Pinera; Tootsy Echauz-Ang-
ara in a fuchsia gown with black accents by Denis Lustico; Ana Amigo-Antonio is in her Rajo Laurel gown; Grace Barbers-Baja in a Jun Escario gown; Sheree
Jane Bangayan-Chua in an all-peated gown by Paul Cabral; 2012 Style Icon Ching Cruz in a Rosa Clara gown; Elizabeth Siy-Co in a beaded gown by Wilhelm
Chua; Joteen de Jesus-Jimenez in a daring low-cut gown by Liz Lirag of New Yorker; Kathleen Lior-Liechtenstein in an Ito Curata gown; Aziza N. Mondoedo
in a Rajo Laurel bustier gown with rufed skirt; Pinky Puno in her gown by Oliver Tolentino; Agile Abastillas-Zamora in her gown by Roy Gonzales
MONDAY C2
DECEMBER 17, 2012
Gianna Maniego, Editor
Dinna Chan Vasquez, Assistant Editor
ManilaStandardToday
#lovemy
fashion beauty health wellness
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 CYAN MAGENTA YELLOW BLACK
beauty
memo
beauty
memo
By Dinna Chan Vasquez
[email protected]
To learn more about HIV/AIDS and societys
awareness and knowledge of it, I spoke with reg-
istered nurse and HIV counselor Angelo Esper-
anzate.
Based on his counseling experience, he ob-
serves that people still think that kissing, mos-
quito bites, sharing of utensils, or the mere pres-
ence of the PLHIV (people living with HIV),
puts them at risk of acquiring the virus and that
its a death sentence. The reality is that HIV
has three modes of transmission: unprotected
penetrative sex, transfer of infected blood and
blood products, and infected mother to child
transmission.
In his line of work, Esperanzate comes across
common questions, which he answers for this ar-
ticle:
1. Whats the difference between HIV and
AIDS? HIV is the virus that destroys the im-
mune system leaving the body vulnerable to in-
fections and diseases previously easily fought
off. AIDS is the condition of the body where in
it can no longer ght off the simplest of diseases
and infections.
2. What are the symptoms of being infected
with HIV? None. The only symptoms that you
will see are those of the infection or the disease
that you have when youre body no longer has
the capabilities to ght it off. The only way to
know that youve got HIV is by taking the test.
3. What will I do if Im positive; will I die?
There are hospitals with treatment hubs for
PLHIV. They will check for the stage you are in
your infection and ensure that its progress will
stop or slow down with treatment to help you live
a normal life just like anyone else. One does not
die of HIV or AIDS; they die from whatever dis-
ease that befalls upon them.
Generally, they fear getting infected. But peo-
ple have different ways of reactingfrom those
who claim that they will forever abstain from
having sex to those who just dont give a crap
and continue to be risky, Esperanzate says of
peoples attitude towards HIV/AIDS.
To protect yourself against HIV, Esperanzates
advice is to follow the ABCDE rule: A, absti-
nence. B, being mutually faithful to your part-
ner. C, correct and consistent use of condoms. D,
dont use alcohol or drugs, which can alter your
state of mind, when you are expecting to have
sex. And E, proper education and early detection,
which is HIV testing.
For more information about HIV/AIDS and
to seek counseling, call the AIDS Society of
the Philippines at 376-2541 during ofce hours.
If you want to get tested, call the ASP clinic at
0917-826-iCON (4266) or 0932-877-iCON
(4266) to schedule an appointment. Esperanzate
is also available for any questions at 0927-947-
0229.
Ask an HIV
counselor
WITH Christmas just around the
corner, many are already plan-
ning on what food to prepare
during get-togethers and which
restaurant to go to celebrate the
holidays.
However, because of the mer-
riment, you sometimes forget to
control your food and alcohol
intake. This may result to not
just weight problems but also
harm your digestive system,
making you more susceptible
to tummy problems, including
constipation.
So this year, make sure to be
prepared for holiday binging
and be ahead of every situation
with these helpful tips.
Never starve yourself and
binge at a party. Before you
leave for the party, eat healthy
foods like raw vegetables or a
piece of fruit and drink water to
curb your appetite and prepare
your digestive system for food.
At the party, quickly scan the
buffet and decide what to eat.
Pair fatty foods with ber-rich
foods which can make them
easier to digest.
Consider what and how much
to put on your plate. Choose
only what you really want to
eat or what you missed the most
during Christmas. Or if you re-
ally want to have a taste of ev-
erything, go for portion control.
Another tip is to avoid eating
when you are not really hungry.
Dont be pressured to eat just
because there are a lot of food
in front you.
When drinking, know how
many glasses of wine or bottles
of beer you can handle. And
dont forget to drink plenty of
water after every round. Water
will aid your digestive system to
dissolve fats and soluble ber,
allowing these substances to
pass through more easily.
And to truly enjoy the parties
and work celebrations without
the worry of disrupting your
digestive system. If you feel
heavy and bloated due to prob-
lems like constipation, dont
worry, theres always (Bisaco-
dyl) Dulcolax to keep the fes-
tivities going.
Dulcolax is a safe and ef-
fective laxative that supports
the bodys natural process of
elimination through Dual Digest
Flow Action. First, it stimulates
intestinal muscle movement,
and then increases water accu-
mulation in our colon resulting
to gentle, predictable constipa-
tion relief in just 6 to 12 hours.
Plus, its tablet form has a protec-
tive coating so that youre sure it
acts only on the target organ, the
colon, making it safe even for
lactating women.
IF there is one
thing that pres-
sures most of
the people cel-
ebrating Christ-
mas, more than
the usual stress
brought by cook-
ing or preparing food, it is the often tedious and
dreadful search for the right Christmas gift; may it
be for your godchildren who are growing so fast and
need new gift ideas to replace the usual toys; or
your friends, colleagues, and relatives who are tired
of receiving your redundant towels, coffee mugs, or
picture frames.
Truly, gift ideas are hard to think of but with Nisce
Skin n Face, they have already provided a list that
will surely please both the giver and the recipient.
Check out the top 10 ideas for an easier thoughts of
both pamper and glam.
Dagdagay foot ther apy
Dagdagay Foot Therapy is a traditional foot mas-
sage with use of handcrafted sticks, and what more:
its a calming experience of sea salt scrub, foot bath
and clay mask in banana leaf wrap.
Hand parafn
Nisces Hand Parafn treatment improves blood
circulation to the skin and relax the muscles, which
can help relieve arthritis, osteoarthritis and bromy-
algia.
Blaise products for men
Nisce Skin n Face has Blaise products for men:
lightening oil control facial scrub, shaving cream,
after shave, toner, clarifying lotion, and anti-perspi-
rant deodorant.
Intense Pulse Light per manent hair removal
Nisce Skin n Faces pain-free IPL Permanent
Hair Removal is a perfect Christmas gift not only
for you but also for your wife, sister, mother or for
your in-laws.
GlutaCur ve or FitCur ve
GlutaCurve is
a combination of
effective whiten-
ing and slimming.
While FitCurve
has L-Carnitine
and Green tea ex-
tract that helps
burn fat and boost metabolism.
Radiage Radio Frequency for eye bag
/ eye wr inkle
Now, that youre on a stress break, its about time
to treat yourself and your hardworking mom this
coming holiday and avail the Nisce Radiage Radio
Frequency for eye bags and eye wrinkle treatment.
Nisce Skin n face soaps
For your nieces/nephews undergoing puberty,
why not give them Nisces Acne Guard, formulated
to ght root cause of acne. For your titas give them,
Nisce Rice Bran Organic Emu Soap, which contains
rice bran oil used to help smooth out wrinkles and is
a natural source of antioxidants that help slow down
the effects of aging. There are also Nisce Whiten-
ing Exfoliating Soap and the Nisce Whitening Soap
with Glutathione, Kojic Acid, and Arbutin perfect
for you or for your friends.
Nisce premium facial
Nisce Premium Facial is their newest type of fa-
cial that has whitening, anti-acne, and anti-aging ef-
fects. Whats nice about this service is that there is
no pricking unlike your usual facial.
Tr anquillity massage
Tranquillity Massage is a combination of Swed-
ish, Shiatsu, and Thai is a perfect Christmas treat
for those who are workaholic person like your
boss or employees, and even business clientele.
Manicure and Pedicure
Manicure and Pedicure are a perfect girly Christ-
mas gifts for a girlfriend, mother, mother-in-laws, or
even for your girl friends. This is denitely a great
time to bond and have chikahan / girl talk moments.
WITH cooler weather and the mili-
tary trends in the fashion air, its boot
season at Parisian, SMs iconic shoe
brand. Its the best time to amp up
your boot collection with the latest
looks from Parisian.
Ankle High Bootssleek and elegant,
these come with buckles, lace-up, and
zipper accents.
Military Bootsthese boots are
tougher, bolder, with a lot of fashion at-
titude. These can be worn with leather/
moto jackets and skinny jeans for that
biker chic look, or even with denim
shorts or a simple tee for a casual vibe.
Lace up bootsthese are the perfect
combination of style and function, as
well as high fashion faux fur boots.
Colorcolor comes in many ways
to the Parisian collection: from classic
black, brown and gray, to trendy red and
blue.
The Parisian collection is available at
all SM stores.
THE BOOT CAMP
Holiday gifts
WITH A TOUCH OF GLAM
By Ed Biado
HIV and AIDS are
not novel anymore.
Youd think that, by
now, we all know the
truth about the virus
and the condition and
have learned how to protect our-
selves from getting infected. But,
here at home, a lot of people still
dont have a clue. This is one of
the reasons that new cases of HIV
infection rose by more than 25 percent last yearagainst the trend
among comparable countries, which saw a 50 percent decline from
2001 to 2011. In 2012, at least nine new cases of HIV or AIDS are
reported everyday in the Philippines.
WOULDNT it be great
to wake up to savvy, styl-
ish and sleeker hair in the
comforts of your own
home every single day?
As one of the worlds
greatest consumer goods
companies, Unilever rec-
ognizes the ever-changing
needs of its consumers
and shoppers, especially
since more and more Fili-
pinas go to the salon to
further nourish and style
their hair.
Introducing their new-
est hair brand that will give
women salon gorgeous
hair at home, everyday
TRESemme. TRESemme
prides itself as a brand
being born from salons
and dedicated to creating
salon-quality, stylist-tested,
professional-grade wash,
care and styling products to
help you create your own
style at home.
TRESemme is avail-
able at two variants--
Smooth and Shine and
Anti-Hair Fall.
Smooth and Shine con-
tains Vitamin H and Silk
Proteins to calm frizz and
tame yaways leaving
hair silky, smooth and
shiny. Its moisturizing
formula quenches hairs
thirst to keep hair soft and
frizz-free.
Amino-Vitamin Com-
plex is the main ingredient
in TRESemmes Anti-Hair
Fall line. It deeply moistur-
izes and nourishes dam-
aged areas to reduce break-
age as it evenly conditions
hair to restore and revitalize
distressed locks, keeping it
smooth, healthy-looking
and strong.
Apart from nurturing
their locks, Filipinas love
to style and experiment
with hair styles almost
every day which is why
TRESemme offers their
Styling Mousse which
provides maximum hold
for lasting body and shine
and Hair Spray for a long-
lasting and extra rm hold.
TRESemmes Styl-
ing Mousse has a humid-
ity resistant formula which
protects against styling
damage and offers strong
hold for a salon-quality, in
control, and touchable style
all day while their Hair
Spray helps control your
preferred hair style style all
day long, even in damp or
humid conditions.
Salon gorgeous hair everyday
To binge or not to binge
Fact: Most people do not have dazzling white teeth.
This may be TMI but I am one of those people. My
dentist told me that the yellowing of your teeth may
be caused genetics. Some people's enamel is naturally
of a yellow hue, while certain genetic disorders like
dentinogenesis imperfecta and amelogenesis imperfect
may affect the color of teeth.
Aside from genes, the food and drinks that we take in
can also discolour teeth. Coffee, tea and soda are high in
tannins and dyes that can turn your teeth yellow. Food like
berries, soy sauce, tomato sauce, balsamic vinegar, beets
and curry can stain your teeth badly.
I dont need to say that cigarettes are not only bad for
your health, they can also ruin your teeth. Smoking to-
bacco products like cigarettes and cigars can cause your
teeth to turn yellow. This is due to a buildup of stains from
the tar, nicotine and other chemicals in the tobacco smoke.
The yellowing may appear not just in your teeth, but also
on your ngers and in your ngernails.
So what should you do? My dentist says brushing your
teeth after every meal would help but if you want perma-
nently whiter teeth, there are professional whitening treat-
ments that can help. The problem with these treatments is
that most of them are not too gentle on the teeth.
I recently received three tubes of Close Up White Now
and when we ran out of our regular brand at home, I opened
one time and used it. Initially, I was shocked that the lather
was blue! Apparently, Close Up White Now is a cosmetic
x that has an instant whitening effect on teeth. How does
it work? The process can be compared to a green tinted
concealer on skin blemishes. The toothpastes blue tiny
conceals the yellow of the teeths surface instantly. Yes,
you do get whiter teeth in just one brush and it doesnt hurt
your teeth in the process.
The effect is temporary and only lasts three hours but
you can really see after you rinse your mouth. Oh, Close
Up White Now has a gradual whitening action that light-
ens the color of your teeth with continuous use!
Quick x for teeth
CYAN MAGENTA YELLOW BLACK
DECEMBER 17, 2012 MONDAY
C3
Classifeds
ManilaStandardToday
[email protected]
Page Compositor: Diana Keyser Punzalan
Republic of the Philippines
Department of Public Works and Highways
OFFICE OF THE DISTRICT ENGINEER
Daet, Camarines Norte
I NVI TATI ON TO BI D
(MST-Dec. 17, 2011)
The Bids and Awards Committee (BAC) of the Department of Public Works
and Highways, Camarines Norte Engineering District, invites contractors to bid
for the aforementioned projects:
Contract ID : 12FC0306
Contract Name : REHAB./IMPROVEMENT OF DRAINAGE SYSTEM
AND SLOPE PROTECTION WORKS ALONG
BAGONG SILANG CAPALONGA NATIONAL
SECONDARY ROAD (PHASE 2)
Contract Location : Capalonga, Camarines Norte
Scope of Work : 45 ln.m., Slope Protection Work
Approved Budget for the Contract (ABC) : Php 5,815,355.50
Contract Duration : 60 C.D.
Source of Fund :
Tender Documents : Php 10,000.00
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, (e) Net Financial Contracting
Capacity at least equal to ABC, or credit line commitment at least equal to 10%
of ABC, and (f) Prospective Bidders must submit complete List of Equipment to
be used for above Projects. The said List of Equipment must be owned/leased
by the bidder itself (g) all interested Bidder/s who wish to participate in this
competitive bidding are required to have an Actual Site Inspection (ASI) on the
above mention projects.
Unregistered contractors, however, shall submit their applications for
registration 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 requirements and issue the
Contractors Certifcate of Registration (CRC). Registration Forms may be
downloaded at the DPWH website www.dpwh.gov.ph.
The signifcant times and deadlines of procurements activities are shown
below:
1. Issuance of Bidding Documents From DECEMBER 14, 2012 to JANUARY 7, 2013
2. Pre-Bid Conference DECEMBER 21, 2012 @ 2:00 P.M.
3. Deadline of Receipt of LOI from
Prospective Bidders
DECEMBER 21, 2012 until 10:00 A.M.
4. Receipt of Bids JANUARY 7, 2013 until 10:00 A.M.
5. Opening of Bids JANUARY 7, 2013 @ 2:00 P.M.
The BAC will issue hard copies of Bidding Documents (BDs) at the Offce of
the BAC, DPWH, Daet, Camarines Norte, upon payment of a non-refundable
fee of (see cost of tender documents above). Prospective bidders may also
download the BDs from the DPWH website, if available. 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. 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, Camarines Norte
Engineering District reserves the right to accept or reject any bid, to annul the
bidding process at any time prior contract award, without thereby incurring any
liability to the affected bidders.
(Sgd.)RICARDO L. PACARDO
OIC-Asst. District Engineer
BAC Chairman
Noted:
(Sgd.)SIMON N. ARIAS
OIC-District Engineer
Republic of the Philippines
DEPARTMENT OF PUBLIC WORKS AND HIGHWAYS
ZAMBALES FIRST DISTRICT ENGINEERING OFFICE
Offce of the District Engineer
Iba, Zambales
INVITATION TO BID
(MST-Dec. 17, 2012)
1. Contract Name: Package I - Construction of Various School Bldg., 1. Jesmag National H/S,
Sta Cruz, Zambales 1,129,000.00 2. Mapalad E/S, Sta Cruz, Zambales 618,000.00 3.
Pamibian Integrated School, Candelaria, Zambales -1,129,000.00, 4. San Roque E/S Annex,
Candelaria,Zambales,- 4,538,031.34 , 4. Sta Cruz National H/S (Lipay H/S). Sta Cruz, Zambales
1,586,176.92 / Contract ID No. 12CL0039 Amt ABC : 9,000,207.26
2. Contract Name: Package II - Construction of Various School Bldg., 1. Alwa E/S, Palauig,
Zambales 618,000.00, 2. Dona Luisa Obieta E/S, Iba, Zambales -4,538,031.34 ,3. Maguisguis
E/S, Botolan, Zambales 618,000.00, 4. New Taugtog National H/S, Botolan, Zambales, -
1,129,000.00, 5. Salaza H/S, Zambales,- 618,000.00 6. Zambales National H/S, Zambales -
618,000.00 / Contract ID No. 12CL0040 Amt ABC : 8,139,031.34
3. Contract Name: Package III - Construction of Various School Bldg., 1. Banawen Primary School,
San Felipe, Zambales - 618,000.00, 2. Don Getulio Arindaeng H/S, San Felipe, Zambales-
618,000.00, 3. Mabato P/S San Narciso, Zambales - 618,000.00 4. Pundakit H/S, San Antonio,
Zambales- 1,129,000.00 , 5. San Miquel National H/S, San Antonio, Zambales - 4,481,731.03 /
Contract ID No. 12CL0041 Amt ABC :7,464,731.03
1. The Department of Public Works and Highways (DPWH), through the General Appropriation Act
GAA intends to apply the sum of ABC - Package I 9,000,207.26, Package II 8,139,031.34 ,
Package III 7,464,731.03 being the Approved Budget for the Contract (ABC) to payments under
the contract for
1. Contract Name: Construction of Various School Bldg., 1. Jesmag National H/S, Sta Cruz,
Zambales, 2. Mapalad E/S, Sta Cruz, Zambales 3. Pamibian Integrated School, Candelaria,
Zambales, 4. San Roque E/S Annex, Candelaria,Zambales, 4. Sta Cruz National H/S (Lipay H/S).
Sta Cruz, Zambales / Contract ID No. 12CL0039
2. Contract Name: Construction of Various School Bldg., 1. Alwa E/S, Palauig, Zambales 2.
Dona Luisa Obieta E/S, Iba, Zambales 3. Maguisguis E/S, Botolan, Zambales ,3.New Taugtog
National H/S, Botolan, Zambales, 4. Salaza H/S,Zambales,4.Zambales National H/S, Zambales
/ Contract ID No. 12CL0040
3. Contract Name: Construction of Various School Bldg., 1. Banawen Primary School, San Felipe,
Zambales, 2. Don Getulio Arindaeng H/S, San Felipe, Zambales, 3. Mabato P/S San Narciso,
Zambales , 4. Pundakit H/S, San Antonio, Zambales, 5. San Miquel National H/S, San Antonio,
Zambales / Contract ID No. 12CL0041
Bids received in excess of the ABC shall be automatically rejected at bid opening.
2. The Department of Public Works and Highways now invites bids 1. Contract Name: Construction
of Various School Bldg., 1. Jesmag National H/S, Sta Cruz, Zambales, 2. Mapalad E/S, Sta Cruz,
Zambales 3. Pamibian Integrated School, Candelaria, Zambales, 4. San Roque E/S Annex,
Candelaria,Zambales, 4. Sta Cruz National H/S (Lipay H/S). Sta Cruz, Zambales / Contract ID
No. 12CL0039
2. Contract Name: Construction of Various School Bldg., 1. Alwa E/S, Palauig, Zambales 2.
Dona Luisa Obieta E/S, Iba, Zambales 3. Maguisguis E/S, Botolan, Zambales ,3.New Taugtog
National H/S, Botolan, Zambales, 4. Salaza H/S,Zambales,4.Zambales National H/S, Zambales
/ Contract ID No. 12CL0040
3. Contract Name: Construction of Various School Bldg., 1. Banawen Primary School, San
Felipe, Zambales, 2. Don Getulio Arindaeng H/S, San Felipe, Zambales, 3. Mabato P/S San
Narciso, Zambales , 4. Pundakit H/S, San Antonio, Zambales, 5. San Miquel National H/S, San
Antonio, Zambales / Contract ID No. 12CL0041
Completion of the Works is required for 180 CD.
3. 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.
4. 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.
5. 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 kept their record current
and updated. Contract Profle eligibility Process (CPEP) and subject further post qualifcation.
Information on registration can be obtained at DPWH website www.dpwh.gov.ph or Central
Procurement Offce (CPO) 5
th
foor, DPWH Bldg., Bonifacio Drive, Port Area, Manila from 8:00AM
to 5:00 PM.
6. Acomplete 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 Ten
Thousand Pesos Only (10,000.00) Package I to III.
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.
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 the contractors.
7. The Department of Public Works and Highways (DPWH) will hold a Pre-Bid Conference on
December 21, 2012 AM at DPWH Conference Room, Iba, Zambales which shall be open to
all interested parties.
8. Bids must be delivered to the address below on or before January 2,2013 10:00 AM at DPWH
Conference Room, Iba, Zambales. 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 representatives who choose to attend at the
address below. Late bids shall not be accepted.
9. The Department of Public Works and Highways (DPWH) Zambales 1
st
DEO, 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:
MS. LOURDES F. ARINDUQUE
BAC Secretariat
DPWH-Zambales 1
st
DEO
Palanginan,Iba, Zambales
Tel No. 047-8113558/047-8111327
[email protected]
(Sgd.) ALLAN N. LADINES
BAC Chairman
Republic of the Philippines
DEPARTMENT OF PUBLIC WORKS AND HIGHWAYS
OFFICE OF THE DISTRICT ENGINEER
Pangasinan Sub-District Engineering Offce
Area Equipment Services Compound
Tuliao, Sta. Barbara, Pangasinan
INVITATION TO BID FOR
(MST-Dec. 17, 2012)
Rehab/Construction of Sinucalan River Dike, Tuliao, Sta.
Barbara, Pangasinan
1. The DPWH Pangasinan Sub District Engineering Offce, through the
Regular Infra 2012 intends to apply the sum of Php 19,400,000.00
being the Approved Budget for the Contract (ABC) for payments under
the contract for Rehab/Construction of Sinucalan River Dike, Tuliao,
Sta. Barbara, Pangasinan, Contract ID No. 12AJ0091. Bids received
in excess of the ABC shall be automatically rejected at bid opening.
2. The DPWH Pangasinan Sub District Engineering Offce now invites
bids for Clearing & Grubbing, Structure Excavation, Embankment,
Gabions, Filter Cloth, Boulder Fill, Occupational Safety and Health,
Mobilization & Demobilization, Project Billboard. Completion of the
Works is required 120 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 Documents, particularly, in Section II.
Instruction to Bidders.
3. Bidding will be conducted through open competitive bidding procedures
using non-discretionary pass/fail criterion as specified 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 DPWH
Pangasinan Sub District Engineering Offce and inspect the Bidding
Documents at the address given below from 8:00 Am 5:00 Pm.
5. 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 in the amount of Twenty Five Thousand
Pesos (Php 25,000.00).
It may also be downloaded free of charge from the website of the
Philippine Government Electronic Procurement System (PhilGEPS) and
the website of the Procuring Entity, provided that bidders shall pay the
fee for the Bidding Documents not later than the submission of their bids.
6. The DPWH Pangasinan Sub District Engineering Offce will hold a
Pre-Bid Conference on December 28, which shall be opened to all
interested parties.
7. Bids must be delivered to the address below on or before January 8
@ 02:00 pm at Tuliao, Sta. Barbara, Pangasinan. 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.
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 Pangasinan Sub 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.
10. For further information, please refer to:
CONSUELO J. CRUZ
BAC Secretariat
DPWH-PSDEO
Tuliao, Sta. Barbara, Pangasinan
Telefax (075) 653-64-18
(Sgd.) VIRGILIO B. ZAMUDIO
BAC Chairman
Republic of the Philippines
DEPARTMENT OF PUBLIC WORKS AND HIGHWAYS
Region X
OFFICE OF THE DISTRICT ENGINEER
Misamis Occidental 1st Engineering District
Oroquieta City
December 10, 2012
INVITATION TO BID
The Bids and Awards Committee (BAC) of the Department of Public Works and Highways
(DPWH) Misamis Occidental 1
st
Engineering District, through its Bids and Awards Committee
(BAC), invites contractors to bid for the aforementioned projects:
Contract ID: 12KI0047
Contract Name: Road Widening of Brgy. Upper Lamac/Villafor, Oroquieta City
Contract Location: Upper Lamac/Villafor, Oroquieta City
Approved Budget for the Contract: P 665,255.80
Allocation: P 700,000.00
Source of Fund: CY 2012 PDAF (2nd Tranche) SARO # BMB A 12 T000003171
Contract Duration: 45 CD
Cost of Plans & Bid Documents: P 1,000.00
Contract ID: 12KI0048 (Cluster I)
Contract Name: Construction of School Buildings, Misamis Occidental
Contract Location as follows:
1. Gata PS, Jimenez, Mis. Occ. - 647,460.00
2. Jimenez NCHS, Jimenez, Mis. Occ. - 1,681,020.00
3. Sinara Bajo PS, Jimenez, Mis. Occ. - 647,460.00
4. Taboo, ES, Jimenez, Mis. Occ. - 1,144,440.00
5. Camanucan PS, Panaon, Mis. Occ. - 647,460.00
6. Map an PS, Panaon, Mis. Occ. - 647,460.00
Total Approved Budget for the Contract: P 5,415,300.00
Total Allocation: P 5,470,000.00
Source of Fund: CY 2013 SCHOOL BULDINGS PROJECTS
Contract Duration: 60 CD
Cost of Plans & Bid Documents: P 10,000.00
Contract ID: 12KI0049 (Cluster II)
Contract Name: Construction of School Buildings, Misamis Occidental
Contract Location as follows:
1. Banisilon PS, Aloran, Mis. Occ. - 647,460.00
2. Burgos ES, Aloran, Mis. Occ. - 647,460.00
3. F. Tayone PS, Aloran, Mis. Occ. - 657,360.00
4. Mitazan IS, Aloran, Mis. Occ. - 647,460.00
5. Nabuna ES, Aloran, Mis. Occ. - 647,460.00
6. San Pedro PS, Aloran, Mis. Occ. - 647,460.00
7. Tugaya ES, Aloran, Mis. Occ. - 647,460.00
8. Zamora ES, Aloran, Mis. Occ. - 647,460.00
Total Approved Budget for the Contract: P 5,189,580.00
Total Allocation: P 5,242,000.00
Source of Fund: CY 2013 SCHOOL BULDINGS PROJECTS
Contract Duration: 75 CD
Cost of Plans & Bid Documents: P 10,000.00
Contract ID: 12KI0050 (Cluster III)
Contract Name: Construction of School Buildings, Misamis Occidental
Contract Location as follows:
1. Lower Bautista ES, Sapang Dalaga, Mis. Occ. - 1,174,140.00
2. Caluya ES, Sapang Dalaga, Mis. Occ. - 657,360.00
3. Capundag ES, Sapang Dalaga, Mis. Occ. - 657,360.00
4. Casul ES, Sapang Dalaga, Mis. Occ. - 657,360.00
5. Dalumpinas PS, sapang Dalaga, Mis. Occ. - 1,174,140.00
6. Dasa ES, Sapang Dalaga, Mis.Occ - 657,360.00
7. Dioyo ES, Sapang Dalaga, Mis. Occ. - 657,360.00
8. Libertad ES, Sapang Dalaga, Mis. Occ. - 647,460.00
9. Manla ES, Sapang Dalaga, Mis. Occ. - 657,360.00
Total Approved Budget for the Contract: P 6,939,900.00
Total Allocation: P 7,010,000.00
Source of Fund: CY 2013 SCHOOL BULDINGS PROJECTS
Contract Duration: 90 CD
Cost of Plans & Bid Documents: P 10,000.00
Contract ID: 12KI0051 (Cluster IV)
Contract Name: Construction of School Buildings, Misamis Occidental
Contract Location as follows:
1. Bagong Tipan PS, Oroquieta City - 642,510.00
2. Bunga NHS, Oroquieta City - 773,190.00
3. Mabas PS, Lopez Jaena, Mis. Occ. - 647,460.00
4. Cartagena ES, Plaridel, Mis. Occ. - 647,460.00
5. Mangidkid ES, Plaridel, Mis. Occ. - 657,360.00
6. Naburos, ES, Baliangao, Mis. Occ. - 647,460.00
Total Approved Budget for the Contract: P 4,015,440.00
Total Allocation: P 4,056,000.00
Source of Fund: CY 2013 SCHOOL BULDINGS PROJECTS
Contract Duration: 60 CD
Cost of Plans & Bid Documents: P 5,000.00
Contract ID: 12KI0052 (Cluster V)
Contract Name: Construction of School Buildings, Misamis Occidental
Contract Location as follows:
1. Balongcot ES, Concepcion, Mis. Occ - 687,060.00
2. Debaloy ES, Concepcion, Mis. Occ. - 1,226,610.00
3. New Casul ES, Concepcion, Mis. Occ. - 716,760.00
4. Upper Dioyo ES, Concepcion, Mis. Occ. - 716,760.00
Total Approved Budget for the Contract: P 3,347,190.00
Total Allocation: P 3,381,000.00
Source of Fund: CY 2013 SCHOOL BULDINGS PROJECTS
Contract Duration: 90 CD
Cost of Plans & Bid Documents: P 5,000.00
Contract ID: 12KI0053
Contract Name: Rehabilitation of MPB (Mateo Matunog Multi Purpose Center)
Phase VII
Contract Location: Calamba, Mis. Occ.
Approved Budget for the Contract: P 980,000.00
Allocation: P 1,000,000.00
Source of Fund: CY 2012 PDAF BMB A 12 T000003622
Contract Duration: 90 CD
Cost of Plans & Bid Documents: P 5,000.00
The BAC will conduct the procurement process in accordance with the Revised IRR
of RA 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 the ABC, or credit line commitment for at
least 10% of ABC. The BAC will use non discretionary pass/fall 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 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 forms may be
downloaded at the DPWH website www.dpwh.gov.ph.
The signifcant times and deadlines of procurement activities are shown below:
1. Issuance of Bid Documents December 10 27, 2012
2. Pre Bid Conference December 14, 2012 @ 10:00 AM
3. Deadline of receipt of LOI from Prospective Bidders December 20, 2012 until 5:00 PM
4. Receipt of Bids December 27, 2012 until 10:00 AM
5. Opening of Bids December 27, 2012 @ 2:00 PM
The BAC will issue hard copies of Bidding Documents (BDs) at DPWH, Misamis Occi-
dental 1
st
Engineering District, Oroquieta City , upon payment of a non refundable fee as
stated above. Prospective Bidders may also download the BDs form the DPWH website
shall apply the said fees 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 Sec-
tion 27.2 of the Revised IRR.
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 First
envelope shall contain the technical component of the bid, including the eligibility require-
ments. 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 DPWH, Misamis Occidental 1
st
Engineering District, Oroquieta City 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 bidders.
(Sgd.) CHARITO B. MADULA
Engineer III
(BAC Chairman)
(MST-DEC. 17,2012)
DPWH INFRA 07 Standard Advertisement Revised IRR
December 10, 2012
INVITATION TO BID
The Bids and Awards Committee (BAC) of the Department of Public Works and Highways
(DPWH) Misamis Occidental 1st Engineering District, through its Bids and Awards Committee
(BAC), invites contractors to bid for the aforementioned projects:
Contract ID: 12KI0054 Cluster IV (2nd Tranche
Contract Name: Construction/Rehabilitation/Repair/Completion of Multi Purpose Buildings, Misamis
Occidental
Contract Location as follows:
1. Const./Rehab./Repair/Completion of MPB, Matugas Alto, Jimenez, Mis. Occ. 487,376.57
2. Const./Rehab./Repair/Completion of MPB, Agunod, Plaridel, Mis. Occ 477,903.35
3. Const./Rehab./Repair/Completion of MPB, Manamong, Aloran, Mis. Occ 472,841.07
4. Const./Rehab./Repair/Completion of MPB, Ospital, Aloran, Mis. Occ 480,979.80
5. Const./Rehab./Repair/Completion of MPB, Dapacan Alto, Calamba, Mis. Occ 476,514.95
6. Const./Rehab./Repair/Completion of MPB, Sibaroc, Jimenez, Mis. Occ 480,299.19
7. Const./Rehab./Repair/Completion of MPB, Bonifacio, Calamba, Mis. Occ 486,605.48
8. Const./Rehab./Repair/Completion of MPB, Dalisay, Aloran, Mis. Occ 484,540.40
9. Const./Rehab./Repair/Completion of MPB, Sinampongan, Aloran, Mis. Occ 479,325.59
10. Const./Rehab./Repair/Completion of MPB, Sulipat (Phase 2), Calamba, Mis. Occ 473,248.77
11. Const./Rehab./Repair/Completion of MPB, Malibacsan, Jimenez, Mis. Occ 479,792.01
Total Approved Budget for the Contract: P 5,279,427.18
Total Allocation: P 5,500,000.00
Source of Fund: CY 2012 PDAF (2ND Tranche) SARO # BMB-
A 12 T000003171
Contract Duration: 120 CD
Cost of Plans & Bid Documents: P 10,000.00
The BAC will conduct the procurement process in accordance with the Revised IRR of RA 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 the ABC, or
credit line commitment for at least 10% of ABC. The BAC will use non discretionary pass/fall 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 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 forms may be downloaded at the
DPWH website www.dpwh.gov.ph.
The signifcant times and deadlines of procurement activities are shown below:
1. Issuance of Bid Documents from Prospective Bidders December 11 27, 2012
2. Pre Bid Conference December 14, 2012 @ 10:00 AM
3. Deadline of receipt of LOI December 20, 2012 until 5:00 PM
4. Receipt of Bids December 27, 2012 until 10:00 AM
5. Opening of Bids December 27, 2012 @ 2:00 PM
The BAC will issue hard copies of Bidding Documents (BDs) at DPWH, Misamis Occidental 1
st
Engineering District, Oroquieta City , upon payment of a non refundable fee as stated above.
Prospective Bidders may also download the BDs form the DPWH website shall apply the said fees
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 Bidding Docu-
ments (BDs) in two (2) separate sealed bid envelopes to the BAC Chairman. The First 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.
The DPWH, Misamis Occidental 1
st
Engineering District, Oroquieta City 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 bidders.
(Sgd.) DENISE MARIA M. AYAG
Assistant District Engineer
(BAC Vice Chairman)
(MST-DEC. 17,2012)
Republic of the Philippines
DEPARTMENT OF PUBLIC WORKS AND HIGHWAYS
Region X
OFFICE OF THE DISTRICT ENGINEER
Misamis Occidental 1st Engineering District
Oroquieta City
DPWH INFRA 07 Standard Advertisement Revised IRR
NOTI CE OF LOSS
(MST-Dec. 10, 17 & 24, 2012)
Not i ce i s her eby
given that this Stock
Certifcate No. 154732
(5 shares) with Bank of
the Philippine Islands
were decl ared l oss
under Affdavit of Loss
executed by Rolando
R. Per ez bef or e
Notary Public ATTY.
GERVACIO B. ORTIZ,
JR. as per Doc. No. 93;
Page No. 20; Book No.
VLIX; Series of 2012.
REMINDER
MST Cl assi fi ed Ads section
requires a Two (2) day CUT-
OFF PERIOD on all ITBs, BID
BULLETIN, NOTICES and REOIs
prior to publication date(s).
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
CYAN MAGENTA YELLOW BLACK
CYAN MAGENTA YELLOW BLACK
DECEMBER 17, 2012 MONDAY
C4
Isah V. Red, Editor [email protected]
showbitz
Manila Standard TODAY
ISAH V.
RED
SIMPLY RED
JOSEPH
PETER GONZALES
SHTICKS
WITH the Kapamilya
publicity claiming
leadership nation-
wide, the Kapuso
network has a ready
riposte.
GMA Network, Inc. remains on
the forefront of the ratings game as
its Regional News and Public Affairs
programs in Philippine key cities
Dagupan, Cebu, Iloilo, and Davao,
continue to beat their counterparts,
claims the Edsa-based network.
Continuing it says that its regional
morning programs remain unrivaled
based on monthly data from Nielsen
TV Audience Measurement, empha-
sizing that the research outt is the
widely-recognized ratings service
provider
We are truly grateful to our re-
gional audiences for their continued
patronage. Time and again, they have
shown that when it comes to news
and information, the choice has al-
ways been GMA Network, says
Rikki O. Escudero, vice president,
GMA Regional TV and head of the
Expansion and Production Services
Division, GMA News and Public Af-
fairs.
Escudero adds that especially in
times of calamities, important events
and happenings that impact on the
general public, GMA programs show
marked increase in ratings.
For the period October to Nov.
17, GMA Dagupans Primera Balita
had household ratings of 9.2 percent
against ABS-CBNs Gandang Uma-
ga Kapamilya with only 2.7 percent
and TV 5s Good Morning Clubs 1.4
percent.
GMA Cebus Buena Mano scored
4.9 percent now on equal footing
with ABS- CBNs Maayong Buntag
Kapamilya but defeating TV5s Good
Morning Club with only 1.1 percent.
In Iloilo, Arangkada Ang Trip Mo
Kun Aga! earned 6.7 percent ahead
of ABS-CBNs Sikat Ka! Iloilos 6.0
percent and TV5s Good Morning
Clubs 0.9 percent.
Davaos Una Ka Bai Balita at Iba
Pa registered an increase of 2.1 per-
cent from 6.6 percent in October to
8.7 in partial November. In contrast,
ABS-CBNs Maayong Buntag Min-
danao decreased household ratings
from 9.4 in October to 8.6 in partial
November. TV5s Good Morning
Club also decreased from 1.9 to 1.4
during the said period.
Similarly, GMAs regional local
news programs remain to be the most
preferred source of news and informa-
tion aired over key cities nationwide.
Dagupans Balitang Amianan
outrated competition with 12.3 per-
cent ratings from October to Nov.
17 against ABS-CBNs TV Patrol
North Central Luzons 6.2 percent
and TV5s Sharon Kasama Mo Kap-
atid and T3 Reload Balitat Serbisyo
Ora Mismo! with the former register-
ing just 2.2 percent and the latter 7.1
percent.
Cebus Balitang Bisdak for the
said period had 10.1 percent in house-
hold TV ratings versus TV5s Sharon
Kasama Mo Kapatid with 4.4 percent
and Aksyon Bisaya with 6.0 percent.
Ratsada Iloilo soared at 9.1 per-
cent holding a rm lead against
TV5s Sharon Kasama Mo Kapatid
and T3 Reload Balitat Serbisyo Ora
Mismo! both scoring only 1.6 percent
and 1.9 percent respectively.
Balitang Bisdak and Ratsada Iloi-
lo continue to narrow the gap with
AiAi, Vice kiss,
make up for
Sisterakas
SMOOTH as silk, like the Asian
airline. Thats how AiAi de las Alas
and Vice Ganda now. The two,
along with Kris Aquino star in the
MMFF entry Sisterakas. They were
tabloid fodder in the past due to some
misunderstanding.
We were good during the
shooting of the lm, she says. Even
Kris (Aquino), who was instrumental
in patching things up between us
noticed that we were really talking
to each other. Its because we have
common denominator. For one, we
know many people in common.
His sister also happens to be a
good high school pal. Yes, I was able
to go to their house before. Ive met
Vices folks already. The two of us
went to the same university (FEU)
as well. So you can say that were
connected in a way.
In fact, there were times when
we were shooting that I would
buy him peanuts: its his favorite.
Then it would start a long stretch
of exchanging stories. You know, it
feels good because there are no bad
vibes on the set. Its all positive!
What did she learn about Vice as
an individual?
Well, I discovered that hes really
funny. No wonder he made it big in
showbiz. I see that he is basically
kind, too. I wouldnt mind bonding
out with him even after our movie is
shown.
AiAi admitted that her contract
with Star Cinema was why she wasnt
able to do the movie with Vic Sotto
and Bong Revilla.
And Im glad that they understood.
From what I gathered, in their
interviews, they said that its okay. I
talked to Bosing that I was asked to
do Sisterakas and I couldnt refuse
because I have to honor my contract.
It was relieving that he didnt take
it against me. He knows that I love
him! she states.
This year, Vic and Bong are
together again. A new addition is
Judy Ann Santos.
Yes, and its a strong
combination. But modesty aside, our
offering has also the makings of a
blockbuster. Apart from the fact that
this is my rst with Kris and Vice, it
is also directed by Wenn Deramas
whose box ofce record is simply
impressive. Of course, I wish that
both movies make money!
It will be an exciting awards
night, particularly in the Best Actress
category with Angel Locsin, Angelica
Panganiban and Superstar Nora
Aunor. Does she dream of bagging
another acting plum after her win for
Ang Tanging Ina series?
Honestly, I dont want to expect.
Im aware that competition is tough
this time especially with Ate Guy in
Thy Womb. If she would win, so
be it. I guess no one would question
that. But I can say that I did my best
in the movie. My foremost concern
is for it to perform very well at the
box-ofce and eventually end up as
one of the festival top-grossers,
ends AiAi.
JC staying as Kapatid
According to JC De Vera, hes
not leaving TV5 and hopes that
network would renew his contract
expiring next year. I still want to
work join them in their journey for
(sic) the top. It will denitely give
you a different high when you know
youre a pioneer. So far, Im content
with how they manage my career,
he explains.
But the actor doesnt totally close
his door to the future possibility of
trying ABS-CBN or move back to
GMA7.
Who knows, right? It will all
depend on the negotiation between my
manager and TV5. Whats important
is I signied my interest to stay as
their talent. As much as possible, I
want to be loyal to them!
When it comes to his love life, JC
admits that its presently zero.
Yes, after Danita (Paner), I
havent seen someone on a regular
basis. Perhaps, its part of my maturity.
I want my next relationship to be for
longtime, he says.
Kapuso rejoinder
GMA regional
leads, preps for 2013
competition especially when it be-
gan airing back-to-back with GMAs
agship primetime news program 24
Oras.
Testigo Alagad sa Kamatuoran for
the same period scored household rat-
ings of 13.0 percent leaving behind
Sharon Kasama Mo Kapatid with 2.1
percent and T3 Reload Balitat Serbi-
syo Ora Mismo! with 2.6 percent.
Since its relaunch in October, Isyu
Mindanaos rating continues to im-
prove as it further inches away from
programs in the same timeslot, with
in-depth reports and heart-warming
stories that affect the lives, especially
of Mindanaoans. Isyu Mindanaos
latest episode which aired on Nov. 17
rated 9.7 percent against ABS-CBNs
Honey Watch Outs 5.9 percent and I
Got It with 6.3 percent. Isyu Mindan-
ao is seen in Davao, General Santos,
and Cagayan De Oro.
In 2013, viewers can look forward
to more groundbreaking activities
and programs from the Kapuso Net-
work. Preparations are underway for
Eleksyon 2013, the countrys biggest,
most comprehensive, and most cred-
ible elections coverage.
GMA Regional News and Public
Affairs has been in the forefront of
both local and national reportage for
the network. Our corps of regional
reporters has been trained to report
news as it happens, when it happens,
where it happens. Our programs see
airing in GMAs international chan-
nelsGMA News International and
GMA Life. Denitely, we will be the
peoples eyes and ears in next years
elections, said Cel Amores, Assis-
tant Vice President for GMA Region-
al News and Public Affairs.
GMA Network counts 21 presti-
gious names from the government,
the private sector, the media, and the
academe as its partners in the upcom-
ing polls in 2013 and these are PLDT,
SMART, Philippine Daily Inquirer,
Inquirer.Net, PCIJ (Philippine Center
for Investigative Journalism), Catho-
lic Media Network, COMELEC,
PPCRV (Parish Pastoral Council for
Responsible Voting), AMA Educa-
tion System, Ateneo De Manila Uni-
versity, De La Salle University, UP
College of Mass Communication, UP
School of Economics, University of
Sto. Tomas, Youth Vote Philippines,
RockEd, Punongbayan & Araullo,
PCCI (Philippine Chamber of Com-
merce and Industry), CCPI (Cham-
ber of Commerce of the Philippine
Islands), Philippine Bar Association
and the Philippine Red Cross.
Christmas folk
tradition revival
The Nativity or birth of Jesus Christ
is reenacted during Christmas time in
many rural areas in the Philippines,
which usually involves dancing and
singing. It goes by different names in
various provinces, but is practiced more
widely in the Bicol region as Pastores
as an annual music festival.
One of the countrys century-old
Christmas traditions, Pastores Bikol
depicts the shepherds jubilation on
the birth of the Christ Child. It fea-
tures musical groups interpreting Pa-
stores A Belen (Shepherds to Bethle-
hem), a Spanish poem composed by
national hero Dr. Jose Rizal while on
exile in Dapitan in the 1890s.
It is performed by young boys and
girls in colorfully decorated hats and
arches, and colorful outts, accompa-
nied by musicians.
Introduced by Spanish priests in
the late 1800s, Pastores has spread
throughout Bicol and become a part of
the Yuletide observance in the region.
Albay, one of Bicolandias centers
of history and culture, has become the
home of the Pastores where it is still
popularly practiced.
Nearly all towns, from the capital
city of Legazpi to the remote munici-
palities, have their own version of this
age-old tradition.
There are variations in the Pas-
tores Bikol across the region because
of diverse inuences, indigenous
traditions and ethno-linguistic differ-
ences. In some renditions, carols sung
in the vernacular are integrated, thus
providing a fusion of Spanish and Bi-
col motifs.
The late National Artist Ramon
Obusan, founder of Ramon Obusan
Folkloric Group and a native of Ca-
marines Norte, put choreography to
the song to represent the Bicolanos
jovial nature.
In the 1970s, Legazpi-based Peo-
ples Broadcasting Network (PBN-
DZGB) revived the tradition by
launching a contest among students
and youths. Its role had become piv-
otal making a dying tradition a house-
hold tune by saturating the airwaves
with the Christmas melody.
Together, Department of Tourism-
Region V, the Provincial Government
of Albay and the City Government of
Legazpi are on in preserving the tra-
dition. Now, it is a much sought-after
event on Christmas.
Albay governor Joey Salceda is
optimistic that with the peoples par-
ticipation, this age-old tradition will
be passed on to succeeding genera-
tions and the province will continue
to be the cradle and steward of this
Christmas celebration.
Hi-5 at SM MOA
Center Stage
The Hi-5 gang of the popular
Australian pre-school television
show, thrilled fans of all ages at the
Hi-5 Holiday at the SM Mall of Asia
Center Stage.
The event was a joint project of
SM Cinema e-PLUS card, Hi-5 Op-
erations Pte Ltd, and Vivre Fort En-
tertainment.
Stevie, Casey, Lauren, Tim, and
the newest Hi-5 friend Dayen, are go-
ing to transport audiences to the most
amusing place in the world: the Hi-
5 Island, where theyll experience
adventures from surng huge waves,
dancing with penguins, and jiving in
the jungle.
In the brilliant Hi-5 Holiday
production, audiences were delighted
to hear and see their Hi-5 favorites
including Lets Get Away, Won-
derful, Zoo Party, and Celebrate
live along with brand new hits to sing
and dance along to.
Modern-day performers of the centuries-old Bicolano Christmas tradition of Pastores a Belen
Hi-5 gang
CYAN MAGENTA YELLOW BLACK
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Manila Standard TODAY
DECEMBER 17, 2012 MONDAY
D1
PHILIPPINES:
ON THE EDGE OF A
RATING UPGRADE
The Philippines is expected to
receive its rst investment-grade
credit rating in 2013, a develop-
ment that will unlock vast eco-
nomic opportunities and intro-
duce to the world a country ready
to become a major player in glob-
al trade and investments.
Seven years after the Philip-
pines graduated from the Interna-
tional Monetary Fund tutelage as
a net debtor, the Philippines came
out strong with foreign exchange
reserves easily exceeding its for-
eign debt and recently commit-
ting as much as $1 billion to help
rescue Europe out of the debt cri-
sis. The global lender recognized
this and IMF managing director
Christine Lagarde, in her recent
visit to Manila, described the
Philippines as a vibrant emerg-
ing market that is approaching
investment-grade status.
Economists believe that the Phil-
ippines could attain its rst invest-
ment-grade sovereign debt credit
rating next year. The three major
credit rating rmsStandard &
Poors Rating Services, Moodys
Investor Service and Fitch Rat-
ingscurrently rate the countrys
sovereign debt just one notch be-
low investment grade. Another
credit rating upgrade will catapult
the Philippines into the ranks of
investment-grade countries, mostly
composed of rich economies.
What is investment grade?
Moodys analyst Christian de
Guzman explained to Manila
Standard how an investment
grade rating status would be ben-
ecial to the Philippines.
Credit ratings are an evalua-
tion of countries creditworthi-
ness, according to de Guzman.
All things equal, a higher rating
would correspond to a lower risk
premium demanded by investors.
In the case of the Philippines, a
higher rating means an invest-
ment grade rating because it is
currently rated just below that
threshold at Ba1, he said.
Bonds or debts with ratings be-
low investment grade are consid-
ered speculative or vulnerable to
default and, as such, are charged
with higher interests. An invest-
ment grade, on the other hand,
refers to the adequate capacity of
the debt issuer to meet its nan-
cial commitments which, in turn,
encourages the market to lend to
it at lower interest rates.
An investment grade rating
helps broaden access to a poten-
tial pool of investors. Many in-
stitutional investors, such as pen-
sion funds and asset management
rms, have investment mandates
that preclude them from purchas-
ing non-investment grade securi-
ties, he said.
De Guzman said an invest-
Investment-grade status
ment grade rating for the country
should improve nancing condi-
tions for the government, freeing
up critical resources to fund the
countrys vast infrastructure and
social spending needs.
In other words, the money the
government would have spent on
interest payments and other debt
servicing costs could be put to-
wards better schools, highways,
or healthcare, among others, he
said.
Reduced cost of nancing
One major British bank, Bar-
clays Capital, believes that the
country is ripe for an investment
grade rating. Barclays regional
economist Prakriti Sofat said an
investment grade would help re-
duce the cost of nancing of the
sovereign, resulting in a positives-
pill over to corporate and other
entities borrowing in the interna-
tional market.
This way, interest rate savings
can be used for infrastructure and
other social spending by the gov-
ernment. There will also be re-
duced risk perception of the coun-
try, which will encourage foreign
direct investment, she said in an
email to Manila Standard.
Barclays Capital said earlier the
country might get its investment-
grade rating next year after the elec-
tion. Reforms, it said, would likely
pick up after the 2013 elections, thus,
supporting their view that the Phil-
ippines will receive its rst ever in-
vestment grade rating in H2 2013.
By Roderick T. dela Cruz
LONG labeled as the sick man of Asia,
the Philippines is about to spring and
catch up with its more prosperous neigh-
bors in the region.
High-rise towers in Makati City are seen through a window. The Philippines is expected to receive its rst investment-grade credit rating in 2013,
a development that will unlock vast economic opportunities. BLOOMBERG
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CYAN MAGENTA YELLOW BLACK
CYAN MAGENTA YELLOW BLACK
Manila Standard TODAY D2
DECEMBER 17, 2012 MONDAY
Japanese nancial group Nomura shares the same expectation.
Were actually expecting an upgrade to investment grade as early as
the second half of 2013. This is not only supported by strong GDP
growth but importantly the reform momentum, said Nomura analyst
Euben Paracuelles.
Paracuelles said another credit rating upgrade would greatly improve
the investment perception of the country. Many have already argued
that markets are already pricing this upgrade in which I agree but as the
example of Indonesia showed, there will still be some positive market
movements as a result of the upgrade itself, in part because there is an
automatic broadening of the investor base, i.e. investors which only
have the mandate for investment grade assets will now be able to look
at the Philippines. And more broadly, this is only going to be a further
boost to already strong investment prospects of the country, he said.
More reforms needed
Paracuelles, however, said reforms should continue even if the coun-
try attained such a credit rating status. I would emphasize that reach-
ing investment grade is not an end-all and be-all. We need to see con-
tinued reforms at least for the remainder of Aquinos term. So in a way
I think not getting an upgrade too soon is not a bad scenario because
it keeps the government in the hunt and, hence, have the incentive to
keep making progress, which is what matters more for the investment
climate than the upgrade per se, he said.
The government is optimistic about another credit rating upgrade
soon. We think that soon, the Philippines will be given an investment
grade rating, said National Economic and Development Authority
policy and planning director Rosemarie Edillon.
Usually, the rating agencies would be looking at sound macroeco-
nomic fundamentals [which we are demonstrating]; political stability
[which is present]; and consistently improving tax effort to ensure that
decits and debt are at sustainable levels, or rather, at the level that can
be afforded by the economy,
Source: Bangko Sentral ng Pilipinas
Investment... from D1
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Manila Standard TODAY
DECEMBER 17, 2012 MONDAY
D3
PHILIPPINES:
ON THE EDGE OF A
RATING UPGRADE
Higher credit rating
to bolster investments
By Julito G. Rada
ATTAINING the much-coveted investment-
grade status next year will facilitate the in-
ux of foreign investments in the country.
Investment grade status will help attract
additional investments, particularly from in-
stitutional funds. The grade means the busi-
ness environment in the country has met
certain criteria, such as sound macroeco-
nomic fundamentals and prudent scal man-
agement, Trade Undersecretary and Board
of Investments managing head Adrian Cris-
tobal Jr. told Manila Standar d.
Cristobal, however, said the hard work
should not stop there, adding that both the
public and private sectors should work hard-
er together to attain more.
We still must work harder on the basic
drivers of investments, such as infrastructure,
logistics, the cost of doing business, and other
competitiveness indicators, he said.
The World Economic Forum, in the 2012
global competitiveness rankings released in
September this year, showed the Philippines
still lagged behind other countries in terms
of infrastructure development and ease of
doing business.
The inuential Makati Business Club
said while the country jumped 10 notches to
65th spots from 75th last year, it needed to
improve on those indicators. MBC chair-
man Ramon del Rosario said despite the im-
provement in rankings, many weaknesses
remain to be addressed.
The countrys infrastructure is still in a
dire state, particularly with respect to sea
and air transport, with little or no progress
achieved to date. Furthermore, various mar-
ket inefciencies and rigidities continue,
most notably in the labor market, Del Ro-
sario said.
The Philippines also needs to improve in
such areas as customs procedures, business
costs of terrorism, tuberculosis cases, redun-
dancy costs, exibility of wage determina-
tion and strength of investor protection.
Cristobal said as investment grade sta-
tus was expected to contribute to the gen-
eral business environment, all stakeholders
should not be complacent and let this rare
opportunity slip away.
Aside from working on drivers of
growth, the industry roadmaps will show the
gaps in supply chain and other interventions
government and private sector need to carry
out, Cristobal said.
Higher expor ts seen
The Bureau of Export Trade Promotion,
an attached agency of the Trade Depart-
ment, projected a rosy outlook for exports
next year owing to the improving economy
and expected granting of investment grade
rating to the country by international credit
rating agencies.
BETP executive director Senen Perlada
told Manila Standar d these positive de-
velopments, especially the credit rating up-
grade, would give a strong signal to foreign
investors to invest more in the country which
would result in exports growth eventually.
Because most sectors are investment-led,
the investment grade status will make easier
for us to convince the higher-value existing
activities here to expand or invest more,
Perlada said at the sidelines of the National
Export Congress at Philippine Trade Train-
ing Center in Pasay City recently.
He said exports growth next year would
remain in double-digit, but both merchan-
dise and services sectors should contribute
signicantly.
We can even surpass the highest level post-
ed in 2010, he said. Perlada noted that while
electronics exports fell this year, there is no
other way but to go up next year.
Merchandise exports in 2010 breached
the $50-billion mark, rising 33.7 percent
to $51.39 billion from $38.43 billion in the
previous year, on the back of higher elec-
tronics shipments.
Total exports were much bigger with the
addition of revenues generated from the
services sector, especially from the busi-
ness processing outsourcing. BPO revenues
reached $8 billion in 2010.
Perlada said merchandise exports growth
alone would be in the range of 7 percent to
8 percent.
Industr y roadmaps
Cristobal said the government sought the
active participation of different industries
through the submission of their respective
roadmaps that would play a vital role in
identifying which activities should be pri-
oritized in the formulation of the 2013 In-
vestment Priorities Plan.
IPP is an annual list of preferred econom-
ic activities that are eligible for incentives
from the government.
These [roadmaps] will be one of the
bases of 2013 IPP, Cristobal Jr. said in an
earlier interview.
Cristobal said it was important for the de-
partment to see the big picture rst before
identifying which sectors would qualify for
incentives from the government.
The department gave different industries
until the end of this year to nish, submit or
ne-tune their respective roadmaps.
The automotive industry, for example,
had until the years end to revise or ne-tune
its roadmap. Domingo wanted the auto plan
to be ne-tuned by the industry for lack of
clear-cut plan on the export aspect.
Cristobal did not say which of the current
activities in the 2012 IPP could be possibly
retained in the 2013 version. Incentives giv-
en to these activities are income tax holiday
and duty-free importation of capital equip-
ment.
Included in the 2012 IPP are agriculture/
agribusiness and shery, creative industries/
knowledge-based services, shipbuilding,
mass housing, iron and steel, energy, infra-
structure and PPP, research and develop-
ment, green projects, hospital and medical
services projects, motor vehicles, strategic
projects, and disaster prevention and recov-
ery projects.
Industr ialization
The Trade Department aims to consoli-
date different industry plans by the end of
the year in preparation for submission to
President Benigno Aquino III.
Cristobal said the consolidated plan
would be a part of a comprehensive indus-
trialization strategy in 2013.
The goal of the industrialization strategy
is to make the Philippines a seller, not just
a consumer, of other countries goods and
services, he said.
Cristobal said currently, about 50 indus-
try groups were in the process of crafting
their respective industry roadmaps. He said
the plan would be an important part of the
medium-term development plan under the
current administration.
He said the Philippines was consid-
ered a net importer of goods including
food products and with a ballooning
trade deficit.
Business leaders who participated in the
Philippine Business Conference in October
urged the government to include in its eco-
nomic development plan an industrializa-
tion component.
A study by the Asian Development Bank
also found that what the country had a weak
industrial and manufacturing sector.
The study said the country could not
attain progress, if it would just rely on
the services sector. On the other hand,
strengthening the industrial and manufac-
turing sector would hasten the countrys
development, it added.
Plant visit. President Aquino visists a manufacturing plant. The government is preparing a
comprehensive industrialization strategy in 2013
CYAN MAGENTA YELLOW BLACK
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D4
DECEMBER 17, 2012 MONDAY
Manila Standard TODAY
PHILIPPINES:
ON THE EDGE OF A
RATING UPGRADE
PH turns competitive
into the country, according to the
Trade Department.
[It is a] great performance in
spite of low agricultural growth
rate due to calamities. This also
adds to the favorable macro-
economic statistics that help us
sustain high foreign direct in-
vestments inows, Trade Un-
dersecretary for International
Trade Group Cristino Panlilio
told Manila Standar d.
Panlilio said the latest GDP
gures showed the country was
truly getting more competitive
and productive.
The third-quarter expansion
was more than twice the 3.2-per-
cent growth recorded in the same
period last year. The economy
was fueled in part by a strong per-
formance from the services sector
led by the transport, storage and
communication, nancial inter-
mediation and real estate.
We are well on our way
towards sustainable, medium-
term high-growth environment,
Trade Secretary Gregory Do-
mingo said.
Trade Undersecretary and
Board of Investments manag-
ing head Adrian Cristobal Jr.
said reforms being carried out
by the administration are pay-
ing off. He said this encour-
ages us to do better and work
harder.
Cristobal said to sustain this
growth, there must be continu-
ous active partnership between
the public and private sectors.
National Economic and De-
velopment Authority director
general Arsenio Balisacan said
the Philippine economy was now
the best performer in the region.
Data from the National Statisti-
cal Coordination Board showed
that Indonesia registered a 6.2 per-
cent growth in the third quarter;
Malaysia, 5.2 percent; Vietnam,
4.7 percent; Thailand, 3 percent,
and Singapore, 0.3 percent.
Investment outlook
The BoI expects to register
P400 billion worth of new in-
vestments this year, despite the
absence of big-ticket projects.
Last year was an extraordinary
year for investments, when a
single project of Petron Corp.
involved P74.78 billion in capi-
tal for its modernization and ex-
pansion program in Bataan.
Cristobal said that single huge
investment from Petron pushed
upward the total investments in
2011 to P360 billion. The BoI
said that mark would be sur-
passed this year.
Investments this year would
be much higher, if not for the
restrictions on mining projects
and stricter guidelines on avail-
ment of tax incentives.
The Trade Department said
earlier mining could be one of
the major sources of invest-
ments in the country but inves-
tors were still waiting for the
amendment of the Mining Law.
Peace in Mindanao
However, the BoI said the re-
cent peace agreement between
the government and the Moro
Islamic Liberation Front would
lead more foreign companies to
take a second look at Mindanao
as an expansion site for their
businesses.
The European Chamber of
Commerce and Industry said
this is a positive development
because it brings peace. Anything
that brings peace is positive.
It [agreement] should be
successful in bringing develop-
ment in Mindanao. Investments
are anticipated when Mindanao
is at peace, ECCP president
Michael Raeuber.
Raeuber said a peaceful Min-
danao could also be an invest-
ment magnet for surrounding
countries in the region, particu-
larly Malaysia, Thailand and In-
donesia.
Investment missions
The BoI and its counterpart,
the Philippine Economic Zone
Authority, are aggressively
conducting investment mis-
sions abroad to promote the
countrys advantages in host-
ing investments from other
countries.
Panlilio, who is the head of
the DTIs International Trade
Group, said because of these
government efforts and the
countrys improving global
competitiveness ranking, the
Philippines remains in world
radar as business destination
of choice.
He said the Philippines edge
over its neighboring countries
include abundant supply of
skillful workforce, the ease of
doing business and lower labor
cost.
The Trade Department also
hosts business missions from
other countries. The agency
actually noted an increase in
inbound missions this year com-
pared to 2011, a proof that other
countries now consider the Phil-
ippines as an expansion site.
Panlilio said the department
hosted 25 inbound business
missions this year, up from 15
last year.
It recently concluded its 25th
inbound business mission, com-
posed of Italian businessmen.
This mission was the rst mis-
sion in 65 years of Philippines-
Italy economic relations.
We are happy to attend, brief
and extend our helping hand to
the newcomers to our land who
came here to see up close and per-
sonal what they have been read-
ing and hearing about that Philip-
pines today is truly an investment
destination of choice, Panlilio
said during the concluding pro-
gram of the mission.
The Trade Department said the
gross domestic product growth
of 7.1 percent in the third quarter
was the fastest among Southeast
Asian countries this year.
Sustaining such level of
growth would encourage more
foreign direct investment ows
By Julito G. Rada
A COMBINATION of high economic
growth and renewed focus on infrastruc-
ture development has enabled the Phil-
ippines to become more competitive in
global business and trade.
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Manila Standard TODAY
DECEMBER 17, 2012 MONDAY
D5
PHILIPPINES:
ON THE EDGE OF A
RATING UPGRADE
Resilient BPOs
drawing capital
By Julito G. Rada
Business process out-
sourcing and information
technology companies
have proven themselves
as a magnet for foreign
exchange and a major
source of jobs.
With an investment grade rating just over
the horizon, more foreign companies are ex-
pected to come to the Philippines with sig-
nicant amount of investments.
The sector is resilient and one of the in-
dustries that can stand on its own, and grow
even without the benets expected under an
investment grade rating regime.
Jojo Uligan, executive director of the Con-
tact Center Association of the Philippines,
told Manila Standar d the industry can con-
tinue to attract future investments, just rely-
ing on a good track record of satisfying for-
eign clients.
Of course we are looking into it and as-
sessing its possible impact. It would denite-
ly be good times to invest [under the invest-
ment grade regime], he said.
The industry is poised to grow between 15
percent and 20 percent in the next ve years
under the Philippine IT-BPO Road Map
2011-2016.
The roadmap, launched in November
2010, identied the directions the industry
should undertake to sustain growth from
2011 to 2016.
The industry posted revenues of some $7.2
billion and generated some 442,000 employ-
ment as of end-2009. The roadmap indicated
revenues could reach up to $25 billion in
Next page
Call center companies enjoy good track record with foreign clients.
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Manila Standard TODAY D6
DECEMBER 17, 2012 MONDAY
2016, or equivalent to a 10-per-
cent share of the global market,
while employment could reach
1.3 million.
Uligan said the kind of service
that Filipino talents provide, their
exceptional skills and adaptabil-
ity to different cultures would
spell the difference and make
existing clients to want more of
their services in the future.
The experience of our [for-
eign] clients in the Philippines,
the quality of service we provide,
assure that we will continue to
grow even without investment
grade rating, Uligan said.
The roadmap, though, noted
the need to increase the indus-
trys visibility internationally,
and enhance awareness of the
range of non-voice and com-
plex services that the Philip-
pines provides.
US anti-outsourcing bill
The reelection of US Presi-
dent Barack Obama has renewed
speculations that he might revive
moves to enact an anti-outsourc-
ing bill in the US Congress.
The outsourcing bill, called
Bring Jobs Home Act, failed in
the US Senate in July. It aimed to
eliminate tax breaks on US com-
panies that outsource services
and manufacturing jobs to other
countries and provide a 20-per-
cent tax deduction on costs as-
sociated with closing outsourced
operations and transferring jobs
to the US.
BPAP president Benedict Her-
nandez said outsourcing busi-
ness services to the Philippines
helps make American companies
more competitive and protable.
Protable companies hire more
workers, both here and in the
United States, he said.
Hernandez said studies had
shown that outsourcing had little
negative impact on job losses
and even fosters growth in com-
panies that export their business
processes.
Dartmouths Tuck School of
Business economist Matthew
Slaughter, in a study of the hir-
ing practices of 2,500 US mul-
tinationals, found that for every
job outsourced, nearly two new
jobs are created in the US, Her-
nandez said.
From a $35-billion global
IT-BPO market in 2009, the in-
dustry is expected to generate
at least $220 billion in revenues
this year, according to a report
by the Everest Group.
Demand for global IT-BPO
services is huge and continues to
expand at a rapid rate, Hernan-
dez said. Outsourcing is a win-
win proposition, and we believe
that both American and Philip-
pine companiesand American
and Filipino workerswill con-
tinue to benet from the opportu-
nities it provides, he said.
The Philippines IT-BPO in-
dustry in 2011, generated over
$11 billion in revenues and em-
ployed almost 640,000 Filipinos.
Client diversication.
Uligan is optimistic the indus-
try would not be hugely affected
by the anti-outsourcing bill, but
it must be on its toes and not just
rely on one big market like the
United States.
What is important here is we
continue to track and monitor the
course of this bill in the US Con-
gress. Also, we need to diversify
out clients, Uligan said.
He said diversication means
the local BPO industry should
try to corner a signicant portion
of other foreign markets as well,
like the European Union, espe-
cially the United Kingdom.
We have to focus also on
these markets to ensure our con-
tinuous growth, Uligan said.
President Benigno Aquino
III highly regards the industry
as one of the top job generators
in the country. The Trade De-
partment, through the Board of
Investments, thus consistently
included IT-BPO in its annual
Investment Priorities Plan.
The IPP is a list of preferred
activities that are eligible for in-
centives from the government.
These include scal and non-
scal holidays and duty-free im-
portation of capital equipment.
Infr astr ucture role
Vikas Bhalla, executive vice
president of global outsourc-
ing and transformation services
provider EXL, said during the
recent International Outsourcing
Summit in Manila that the local
BPO industry had the potentials
for further growth but infrastruc-
ture should support investments
to maximize these potentials.
Incentives, like tax breaks, will
kick-start the industry to make it
competitive in the global market.
But investments should be sup-
ported by infrastructure, Bhalla
said, adding the government plays
a very important role here.
Bhalla also said to ensure
continuous growth, the industry
also needs to cater to non-Eng-
lish speaking marketsor the
so-called multi-lingual BPO
including the Chinese market.
There is tremendous potential
in those markets, Bhalla said.
Bhalla said the Philippines
must continue tapping the -
nancial and healthcare services,
especially with the aging world
population. The Philippines
has a demographic edge here,
he said, stressing the countrys
younger workforce in the BPO
industry.
Real estate suppor t
Leading real estate advisory
company CB Richard Ellis Phil-
ippines said the ofce and com-
mercial sector will continue ex-
periencing increased demand in
2013, spurred in large part by the
BPO industry.
We are now experiencing the
best real estate market in the last
20 years. The challenge now is
how to cope with this unprec-
edented success, Rick Santos,
CBRE chairman and founder,
said in a recent brieng.
In the ofce and commercial
sector, Santos said the coun-
try was in a unique position in
Southeast Asia, adding the phe-
nomenal growth of the BPO sec-
tor was similar to Indias experi-
ence in the early 90s.
Santos said there was a lot of
room for expansion in other ar-
eas, such as software and Web/
graphics development, informa-
tion technology and engineering
services and healthcare BPO.
The Philippines is one of the
most cost-effective outsourc-
ing destinations in Asia, pro-
viding conducive environment
for foreign investors through its
excellent pool of skilled labor
and customer service, one of the
cheapest rents and highest yields
in Asia, he said.
Resilient...from D5
Infrastructure should support BPO investments.
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Manila Water invites its customers and industry practitioners to witness its leading edge and fully-automated meter testing capabilities.
To prove its effciency and
competence in testing water
meters, Manila Water com-
pany recently inaugurated the
centers laboratory the sole
meter testing laboratory in the
country recognized by the Phil-
ippine Accreditation Offce
with an ISO/EC 17025:2005
accreditation. With this de-
velopment, the Manila Waters
Meterology Center is now au-
thorized to issue certifcations
for water meters that undergo
testing in the laboratory.
The laboratory uses state-
of-the-art fully-automatic and
computerized test bench sys-
tem. The facility is capable
of testing mechanical, electro-
magnetic, and ultrasonic me-
ters from 15mm up to 300 mm
in size for capacity from three
liters per hour to up to 500 cu-
bic meters per hour of water
volume.
For its rehabilitation, the
Metrology Center underwent
a constant upgrade and im-
provement through the years
with a total spending of P30
million. From the manual
test bench used at the start
of the concession 15 years
ago, the company enhanced
the facility by purchasing a
computerized test bench for
small meters in 2001 and
then another test bench, this
time catering to large meters,
in 2008.
In 2011, the Center under-
went renovation while total-
ly applying new technology
on the process for testing
meters to qualify for the ac-
creditation. Another set of
leading-edge and fully-au-
Manila Waters Metrology Center carries the only
ISO-accredited meter testing laboratory
tomated test benches were
also acquired, to comply
with globally-recognized
standards. From a single
fow test, Manila Water
fully implemented the ISO
4064 standards, where the
calibration experts test all
meters in four fows based
on its maximum fow, nom-
inal fow, transitional fow,
and minimum fow.
All these improvements are
testaments to Manila Waters
commitment to accuracy and
reliability in providing ser-
vice not just to its customers
for water and wastewater ser-
vices in the Metro Manilas
East Zone but also to part-
ners who seek certifcation
for water meters used across
the country. Thus, we in-
vite customers and industry
practitioners to witness how
we test our water meters and
better appreciate the rigid
and careful process of meter
testing and calibration using
state-of-the-art facilities and
systems, said Jun Santos,
Metrology Centers Quality
manager.
Numerous water districts
water service providers, prop-
erty developers and water me-
ter suppliers across the coun-
try have sought the services
of Manila Waters meter test-
ing laboratory to certify their
manufactured or installed
water meters for customers.
These frms include Subic
Water, Clark Water, Zambo-
anga City, Gumaca, Mey-
cauayan, Alaminos, Bacolod
City and Tagum City Water
Districts as well as Metro Ma-
nila's West Zone water ser-
vice concessionaire. Water
meter manufacturers such
as Luzon Foundry, Philip-
pine Valve and Alluminates
Metering Supply Co. Inc.,
among others, also have their
products tested in the Manila
Water meter testing labora-
tory. A number of property
developers and private sub-
division homeowners as-
sociations also engaged the
services of the laboratory to
test the water meters they use
in their developments.
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Manila Standard TODAY
DECEMBER 17, 2012 MONDAY
D7
PHILIPPINES:
ON THE EDGE OF A
RATING UPGRADE
Farm investments to boost food sufciency
By Othel V. Campos
THE Philippines is on its way to achieving food sufficiency
next year, as the government increased the budget for agri-
culture while investors are taking a second look at the long-
neglected sector.
Investments in agriculture are expected to climb ve to six times
by 2016 and beyond, supporting the growth not only of the farm
and sheries sector but also the whole economy, according to Agri-
culture Secretary Proceso Alcala.
Alcala said both the government and the private sector were put-
ting more investments in agriculture and sheries sector, which ac-
counts for about a fth of the gross domestic product.
Government efforts to promote the sector, inside and outside the
country, have reached a second wind. Weve been bypassed in so
many years in investments opportunities. We nearly gave up be-
cause of the disasters that came our path. Time and again we man-
aged to move on, Alcala said.
The government expressed condence that
higher investments in agriculture would en-
able the country to attain food security and
sufciency, especially in rice.
Its food staples sufciency program seeks
to stop importing rice by 2013, on the as-
sumption that production would reach 20.04
million metric tons, a level deemed sufcient
enough to feed the entire nation, 21 million
MT by 2014 and 22 million MT by 2015 and
2016.
These targets were based on forecasts that
palay (unmilled rice) yield would increase
3.8 percent annually to 4.53 metric tons per
hectare in 2016 from 3.78 MT/hectare in
2011, while production would rise 6.3 per-
cent annually to 22.7 million from 17 million
MT in 2011 over the same period.
Agriculture is one of the agencies pushing
for the public-private partnership program for
the construction of multi-billion-peso, world-
class agriculture infrastructure projects.
The Agriculture Department opened its
doors to fresh investments in coordination
with parallel agencies such as the Trade and
Energy Departments.
Alcala said that in 2013, the department
would pursue P3.4 billion worth of cold
chain and grains central projects under the
PPP scheme.
The government is also counting on the
private sector to bankroll production and in-
frastructure projects in the sector, he added.
As we all are painfully aware, our govern-
ments nancial and management resources
are severely limited. We therefore would
welcome as many partners and supporters to
chip in and share their bit to these programs
and projects, he said.
Among the projects that will be imple-
mented under the PPP is the P1.35-billion
cold chain system.
Agriculture Departments planning service
director Zenaida Villegas said the agency
opened for private partnership the construc-
tion of common service facilities along four
major food routes to and from Metro Manila
and Cebu as well as the Benguet-Manila cold
chain route.
Each facility included pre-cooling, packag-
ing, handling, transportation, storage and dis-
tribution for high-value crops such as fruits
and vegetables, cut owers, shery, livestock
and poultry meat products.
The government will also establish grains
centers with bulk handling and logistics sup-
port in 11 major areas and 11 major seaports
nationwide, each costing P90 million each.
The facilities include provisions for bulk
handling system for corn, as well as trans-
shipment corn stations in six major ports,
where each costs P50 million. About 49 rice
production and postharvest service centers,
each valued at P18 million, will be estab-
lished in strategic production sites.
The department previously opened six major
projects for PPP which were still in the pipeline.
These projects are expected to lead to increased
efciency of the agriculture sector.
These include irrigation projects involving investments ranging
from P14.4 billion to P18.5 billion. Other areas for possible coop-
eration between the public and private sectors are corn production,
a major feed ingredient for livestock and main staples for 14 mil-
lion Filipinos in the Visayas and Mindanao as well as the provision
of farm mechanization services and construction of more postharvest
facilities including transshipment centers.
Also in the pipeline is the P200-million world-class meat han-
dling system that involves the construction of at least four triple A
slaughterhouses in major hog-raising areas in the Philippines to speed
up the processing of export-grade meat products.
These projects are crucial to our priority programs in particular
to the food staple sufciency program. Much has been said about at-
taining sufcient food supply but the road going there needs to be
paved so much so that we have pushed for bigger budget in 2013 to
ensure that everything that is on blueprint should be concretized,
said Alcala.
Congress recently approved the P2-trillion national budget for
2013, or 10.5 percent higher than this years budget of P1.81 trillion.
The agriculture sector will receive P74.1 billion, which is 21 percent
higher than the P64.1-billion allocation in 2012.
Much of the agriculture budget will go into the creation and reha-
bilitation of production facilities. Alcala believes this will also draw
parallel investments from the private sector.
Alcala observed that in recent years, a horde of investors began
exploring the vast opportunities available in the agriculture sector.
The department is also bullish in promoting local products and in-
vestment opportunities to other countries. Roadshows and invest-
ment missions are already part of the departments calendar of activi-
ties every year. We are now in the process of creating a group that
will monitor the progress of the trade missions, Agriculture Assistant
Secretary Salvador Salacup said.
Salacup said that in 2013, the plan was to stage three major road-
shows in Brussels, Switzerland and Italy.
More irrigation projects are needed.
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Manila Standard TODAY
DECEMBER 17, 2012 MONDAY
D9
PHILIPPINES:
ON THE EDGE OF A
RATING UPGRADE
Bull run precedes upgrade
Foreign and local fund man-
agers already prefer Philippine
stocks, driving the benchmark
index to a new peak, on pros-
pects of an investment-grade
rating and continued lower
borrowing costs.
DA Market Securities said
the index in the rst half
of 2013 could breach the
6,300-point mark and 6,750 by
end of 2013.
DA Market Securities said
the uptrend in the market which
started in 2009 would likely be
sustained next year amid posi-
tive economic outlook.
The PSEi recorded its 37th
all-time high, when it closed
at 5,831.50 on Dec. 11. Phil-
ippine Stock Exchange chair-
man Jose Pardo said given the
steady rise of the stocks, the
index could hit the 6,000-point
mark sooner than later.
Achieving an investment
grade status would not only
lower nancing costs for the
sovereign but would allow
corporate the possibility of re-
ducing their borrowing costs,
according to economists.
This could also translate to
more investments in the coun-
try, more jobs, increased con-
sumer spending and higher
economic growth.
The positive economic pic-
ture supports optimism that the
stock market will sustain its up-
ward momentum through 2013.
Maybank ATR-KimEng
Capital Partners Inc. execu-
tive director Roberto Benares
said in an interview the mar-
ket would signicantly benet
from an expected upgrade in
its credit rating as this would
mean lower borrowing costs,
higher domestic growth and
increased jobs.
If the economy goes up
then the stock market will also
go up, Benares said.
Among the sectors that will
benet from a credit rating up-
grade are consumer-led stocks
as well as real estate companies.
Consumer-related stocks
listed at the PSE include Uni-
versal Robina Corp. and Pep-
si-Cola Products Philippines
Inc., which have climbed the
most this year amid prospects
of increased consumption.
Share prices of property
rms led by Ayala Land Inc.,
Vista Land and Lifescapes Inc.
and Megaworld Corp. also
surged this year as interest
rates remain low.
JP Morgan Securities Phil-
ippines Inc. said in a recent
brieng it was bullish on the
Philippines for 2013. The
global investment bank picked
the Philippines as one of the
three Asian markets that were
likely to perform better than its
regional peers.
The Philippines stands out
as a country with improving eco-
nomic growth, with consumption
picking up along with a new-
found investment upcycle,said
JP Morgan in a study.
The pervasiveness of re-
cord-low interest rates is a key
driver of these positive trends,
with policy rates of 3.5 percent
forecast to come off further in
the rst quarter of 2013. This
should help drive a further re-
rating in corporate earnings,
which we forecast to accelerate
to 17 percent growth in 2013
estimates, it added.
JP Morgan said that as the
growth of the local economy was
driven by domestic demand, it
expected the Philippines to con-
tinue to grow despite negative
developments overseas.
At the same time, dollar re-
mittances from overseas Fili-
pinos, which proved their re-
siliency in previous adverse
global economic conditions,
should also be a main driver for
domestic growth.
Among the companys top
picks for 2013 on positive earn-
ings growth include Ayala Land
Inc., Cebu Air Inc., Jollibee
Foods Corp., Metro Pacic In-
vestments Corp. and Ayala Corp.
To sustain the overall opti-
mism on the domestic econo-
my, analysts cited the need for
the Aquino administration to
show signicant progress on its
big infrastructure projects un-
der the public-private partici-
pation program.
Investors also expect the gov-
ernment to increase its spend-
ing to show scal gains.
COL Financial president and
chief executive Conrado Bate
said the PSEi would likely hit
the 10,000-point level by 2016.
For the rst time in the his-
tory of the Philippines, we en-
joy a credit rating which is just
one notch below investment
grade. This is a consequence of
the steady improvement in our
countrys nances, Bate said.
Bate also noted that foreign
exchange reserves had been in-
creasing since 2005, supported
by rising remittances and ro-
bust business process outsourc-
ing sector.
Compared to our Asian neigh-
bors, we are also less vulnerable
to developments in US, Europen
and China since we are the least
export dependent, with domestic
consumption accounting for 70
percent of our gross domestic
product, Bate said.
Source: PSE
By Jenniffer B. Austria
THE stock market, which reached new
record levels this year, is expected to
sustain the bull run next year once the
country obtains the much anticipated
investment-grade rating.
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ApproximAtely 40% of all
mobile phones sold worldwide
in the third quarter of 2012
were smartphones, compared to
around 30% for the full year in
2011, according to ericssons
mobility report.
the report also revealed that
mobile data traffc doubled
between the third quarter of
2011 and third quarter of 2012,
and is expected to grow 12
times between 2012 and 2018,
with total mobile subscriptions
expected to hit 6.6 billion by the
end of 2012, and 9.3 billion by
2018.
mobility is becoming an
increasingly signifcant part
of our daily lives with the
availability of smartphones and
tablets that have changed the way
we use the internet. We always
have devices within arms reach,
allowing us instant access to
information, entertainment and
social interaction, said Douglas
Gilstrap, Senior Vice president
and Head of Strategy at ericsson.
China leads worldwide in
net additions with 38 million
subscriptions, followed by Brazil
with 9 million, indonesia with 7
million, and the philippines with
5 million, making Filipinos the
worlds fourth fastest growing
mobile internet users.
Keeping pace with the growing
trend of mobile internet use in
the country and the increasing
affordability of smartphones,
Globe telecom remains bullish
with its mobile data business by
launching relevant and innovative
offers for its subscribers.
in partnership with Google,
Globe became the worlds frst
telecom operator to offer access
to the World Wide Web and select
Google services on internet-
enabled mobile phones without
any data charges via Free Zone.
With Free Zone, Globe prepaid
and tm subscribers get easy and
instant access to Google Search,
Gmail, and Google+ on their
feature phones and smartphone
without any cost via http://
libre.ph. With the new mobile
browsing offer, Globe extends
the unique experience of being
online all the time even to its most
budget-conscious subscribers.
Globe also pioneered the
mobile data market with its
mobile browsing plans that use
megabytes or mBs, a unit that
measures data in internet-related
transactions. through Globe
powerSurf mB, subscribers get
bulk megabytes (mB) of mobile
data, consumable per kilobyte
(KB), to surf the internet on their
mobile devices. Using KBs or
MBs in mobile surfng does not
look at the time spent online,
but on specifc mobile browsing
activities a user does such as
e-mail, social networking, photo
uploading, or video streaming,
making it more affordable to
surf on the mobile phone, totally
eliminating the risk of billshock.
Daily and monthly variants
are available depending on a
subscribers need.
the smartphone boom
has defnitely arrived the
philippines. this year, we
have seen tremendous uptake
in the purchase and use of
smartphones, giving more
Filipinos access to the World
Wide Web, said Jenny
Granada-echevarria, Head of
Globe mobile Data Services.
With our offers that give more
value for money, Globe further
enriches the mobile browsing
experience, empowering
more smartphone owners to
maximize their devices and
enjoy its full features, further
driving smartphone explosion
in the country.
For the frst nine months
of 2012, Globe mobile data
revenues reached p24.4 billion,
or 6% higher than last year. this
was driven in part by mobile
data browsing, which sustained
its robust growth momentum,
generating p2.2 billion, almost
55% better than the same period
last year.
Joerg Krahnert, managing
director of leading mobile
platform service provider
Netbuiscits, also shared that
mobile users will surpass desktop
users globally by 2014 and the
Web will be accessed through
mobile four times than via pCs
by 2015.
iN the midst of competitions
aggressive switching cam-
paign, Globe telecom reported
over 20% growth in its post-
paid segment in revenue and
subscriber base as of end-Sep-
tember 2012.
Contributing 35% to its
mobile revenue stream
in the third quarter of
2012, the companys post-
paid business grew to p5.8
billion from p4.6 billion in
the same quarter in 2011, a
25% increase year-on-year.
postpaid customers now to-
tal 1.66 million, still the undis-
puted leader by a single brand,
growing 22% from the previ-
ous years 1.37 million, bring-
ing total Globe subscribers to
32.1 million from 29.1 million,
up 10% year-on-year.
We are grateful to our loyal
base of Globe postpaid sub-
scribers for believing in our
brand promise. Globe postpaid
maintains a very strong fol-
lowing and continually ex-
panding calling circle, making
it a strong and resilient force to
reckon with amidst the negative
tirades, switching campaigns,
and sales promotions launched
by our competitors. in the end,
subscribers know which net-
work really delivers and gives
the best value, and we thank
them for their continued loy-
alty and trust with Globe, said
martha Sazon, Head of Globe
postpaid. As we start to feel
the gains of our modernized
network, we will use every
opportunity to revolutionize
and redefne postpaid with
offers that are truly relevant
and game-changing, bringing
a whole new mobile postpaid
experience in the country.
Globe attributes
the growth of its postpaid
business to the highly suc-
cessful my Super plan, the
countrys one and only fully-
customizable and personalized
postpaid plan that empower
subscribers to choose the most
affordable mix of call, text,
and browsing services relevant
to their needs.
Globe postpaid also led
the industry in launching the
most sought-after devices on
the back of its strong part-
nership with the worlds
leading handset manufactur-
ers. Keeping up with the surg-
ing demand for the newest
devices, Globe provided the
juiciest offer for the Samsung
Galaxy Note ii, with hard-to-
resist monthly cash-out and
shorter lock-up period.
Globe postpaid also an-
nounced the availability of
its exclusive line up of lte-
enabled smartphones this
fourth quarter. the lte-
powered smartphone de-
vices such as the Samsung
Galaxy S iii lte, HtC
one xl, Zte t81, and
Huawei Ascend p1 lte,
will provide subscribers
with faster mobile brows-
ing speeds and better qual-
ity SmS and voice services,
available to subscribers
starting at plan 999 and of-
fered with bundled services
such as unlimited surfing
on the Globe lte network,
consumable amount for
calls and texts, and a variety
of freebies.
We anticipate competition to
get more intense but we remain
confdent that our innovative
spirit and strong focus on our
customers will continue to dif-
ferentiate us in the market. our
business remains fundamentally
strong and the transformation
initiatives in our network and
it infrastructure are pushing
through as planned. We shall
build on our earlier triumphs to
bring out the best services for
our customers, said ernest Cu
president and Ceo of Globe
telecom.
Aside from modernizing its
network, Globe will soon roll-
out its new it backbone en-
abling customers better user
experience in terms of quick
and thorough servicing from all
customer touch points, dramatic
reduction in turnaround time on
resolution of complaints, and
customized products and pricing
plans based on usage and behav-
ior patterns.
Forty percent of mobile phones
sold worldwide are smartphones
Filipinos the worlds 4
th
fastest growing mobile internet users
Globe
maintains
lead
in postpaid business,
posts 25% growth YoY
CYAN MAGENTA YELLOW BLACK
CYAN MAGENTA YELLOW BLACK
Manila Standard TODAY D10
DECEMBER 17, 2012 MONDAY
Bourse awaits new
investment products
By Jenniffer B. Austria
THE Philippine Stock Exchange will
launch more products next year to ride on
the growing optimism about the economy
and the countrys improving debt prole.
PSE president Hans Sicat said the ex-
change would launch new products in
2013 to further boost market trading as
well as increase liquidity in the equities
market.
The local stock market is still consid-
ered one of the smallest markets in Asia,
despite its recent bull run. It is smaller
than the stock markets of Thailand, Ma-
laysia, Indonesia and Singapore. It was
also left behind by its peers in terms of
product offerings.
The PSE wants to further develop the
market by launching next year the ex-
change traded fund, the online trading
platform, the Sharia index fund and the
real estate investment trusts next year.
Sicat said under the planned introduc-
tion of Shariah index fund, the exchange
would initially draw up a list of Shariah
compliant stocks.
He said the exchange was now in talks
with people who are respected and nan-
cially-adept to help nalize the list of
companies under the Shariah index.
The Shariah index fund is a list of stocks
that conform to Koranic law. Generally,
Muslims are prohibited from investing in
companies engaged in gaming and gam-
bling, interest-earning activities such as
banks and manufacturing of non-Halal
products and armaments.
Sicat said a number of Filipino Muslim
investors placed their money in Indonesia
and Malaysia because of the lack of Shariah
compliant companies in the Philippines.
The PSE aims to attract both foreign
and local Muslim investors and about $1.2
trillion worth of capital.
Likewise, the PSE prepares for the
launch ETFs by early 2013. ETFs are
exchange-listed products that mirror in-
dexes, commodities, bonds and currencies
and allow investors to buy and sell them
like stocks.
The PSE is condent the introduction of
ETFs in the country could increase trad-
ing activity. Data gathered by the PSE
showed there were 1,000 ETFs being
traded in over 40 overseas stock markets.
These ETFs have asset value of more than
$700 billion, but not one of them is listed
in the PSE.
Three nancial institutions already ex-
pressed interest in sponsoring an ETF that
would be listed in the stock exchange.
They are First Metro Investments Corp.,
which is the investment banking unit of
Metropolitan Bank & Trust Co.; Bank of
the Philippine Islands and BDO Unibank
Inc.
The PSE also works together with the
Securities and Exchange Commission to
address the regulatory constraints in the
implementation of the securities borrow-
ing and lending.
The PSE wants to amend the qualica-
tion and determination criteria for institu-
tions or broker-dealers that are qualied to
become lending agents.
Based on the current SEC denition, in-
stitutions need to meet the capitalization
requirement of P300 million to qualify as
lending agents.
The current capitalization requirement
for broker-dealers is P60 million, an in-
crease from the previous requirement of
P30 million.
Sicat said the private sector remained
in talks with the government for possible
amendments to the implementing rules
and regulations of the REIT law.
One contentious provision in the REIT
law is the requirement that REIT rms
must have a minimum public oat of 40
percent, to be increased to 67 percent
within three years from listing.
The private sector wanted the require-
ment brought down to 33.33 percent.
Another provision contested by prop-
erty rms is the revenue provision that
the initial transfer of real property into the
REIT vehicle will be subject to the 12 per-
cent value-added tax. The private sector
lobbied for an exemption.
Large real estate companies such as SM
Prime Holdings Inc., Ayala Land Inc.,
Megaworld Corp. and Robinsons Land
Corp. earlier expressed interest in form-
ing REIT companies once these conten-
tious provisions of the REIT law were ad-
dressed.
The PSE hopes that the introduction of
these new products would sustain the sig-
nicant improvement in the trading activ-
ity in the local bourse.
Data showed in the rst nine months of
2012, foreign investors were net buyers
of P95.21 billion worth of local stocks.
That represented a six-fold increase from
P15.61 billion in the
same period last year.
Total value turnover in the nine-month
period reached a record P1.31 trillion, or
25 percent higher than the P1.05 trillion
recorded a year ago.
The nine-month value turnover nearly
matched the full-year total value turnover
of P1.42 trillion in 2011.
The combined market capitalization of
listed issues in the PSE at the end of the
nine-month period climbed 28.5 percent
to P10.54 trillion from P8.20 trillion in the
same period last year.
By Alena Mae S. Flores
The government sees natural gas as the
main fuel for the transport and power sectors
in the future.
The Energy Department pushes for the
construction and operation of critical natural
gas infrastructure around the country includ-
ing nine pipelines and three liqueed natural
gas terminals from 2013 to 2025.
The department, under the downstream
natural gas framework, calls for the devel-
opment of strategic infrastructure for receiv-
ing, storage, transmission and distribution of
natural gas.
It also promotes the use of natural gas be-
yond its utilization as fuel for power plant and
to serve as a major alternative fuel for trans-
port especially public transport.
Under the proposed Philippine Energy
Plan, the agency is eyeing the construction of
the 105-kilometer Batangas-Manila or Bat-
Man 1 project between 2015 and 2017, with
a cost $100 million to $150 million.
The terms of reference for the BatMan 1
project are expected to be released by middle of
next year.
The department earlier estimated that an ad-
ditional power demand of 600 megawatts from
industries would justify the construction of the
pipeline.
The government plans to build and operate
the pipeline through state-owned Philippine Na-
tional Oil Co.
The department, meanwhile, set the 15-km.
Sucat-Fort Bonifaco and 35-km. Sucat-Malaya
pipeline for commissioning by 2017.
The Sucat-Fort Bonifacio pipeline will de-
liver natural gas to industries from the 600 MW
Sucat plant in Paranaque, which will be con-
verted to a natural gas-fired power facility.
The Sucat-Malaya pipeline extends the Sucat
pipeline across the Laguna de Bai to the Malaya
plant in Pilia, Rizal, which is also being consid-
ered for conversion into a natural-gas plant.
Meanwhile, the 140-km. Bataan-Manila or
Batman 2 pipeline is envisioned to be opera-
tional by 2020, together with the 40-km Metro
Manila/ESDA-Taft Gas Pipeline or ET Loop.
The ET Loop will be located along Metro
Manilas main artery to service large commer-
cial users and the transport sector.
Other pipelines being considered after the
construction of Batman 2 are the 40-km. Subic
pipeline (2021), 25-km. Clark pipeline (2022)
and 40-km. Bataan-Cavite pipeline (2022).
The department also expects the start of op-
erations of compressed natural gas refilling sta-
tions in Metro Manila for the CNG buses from
2013 to 2015.
The LNG terminal hub in Pagbilao, Que-
zon is expected to begin by 2013 to 2014, the
Batangas LNG terminal by 2021 to 2030 and
the Bataan LNG by 2025.
The government said it received strong inter-
est from Royal Dutch Shell plc to explore the
potential of establishing the countrys first LNG
project.
Aside from Shell, other companies that ex-
pressed interest in LNG infrastructure develop-
ment in the country are Australias First Pacific
Capital and Energy World, Chinas ENN En-
ergy Holdings, Hong Kong-based Synergy In-
ternational, Koreas SKE & C, Korean Western
Power, BW Ventures and Hyundai Merchant
Marine, Philippine National Oil Co., GN Power
Ltd. Co., First Gen Corp. and Abacus Con-
solidated Resources/ENI-Saipem of Italy, AXI
LNG Gas from Canada and Mitsui Co. Ltd.
from Japan.
Platts, the leading global provider of energy
and metals information, expressed support be-
hind the private sectors move to put up LNG
and import facilities to secure the countrys en-
ergy requirements.
Jorge Montepeque, Platts global director for
market reporting earlier said LNG could ad-
dress the countrys growing demand for power
and avert brownouts.
The Philippines currently produces natural
gas from the Malampaya deep water-gas-to-
power project.
Natural gasfuel of the future
CYAN MAGENTA YELLOW BLACK
CYAN MAGENTA YELLOW BLACK
Mondelz International, Inc. (nASdAQ:Mdlz), the worlds pre-eminent maker
of chocolate, biscuits, gum and candy, is commemorating its launch as a new
company with events across its operations globally. The celebration is a worldwide
event involving around 100,000 Mondelz International employees across more
than 80 countries and 300 offces, research and development facilities, distribution
centers and manufacturing sites.
Formerly Kraft Foods Inc., the maker of many of the worlds most beloved food
and beverage brands -- including Cadbury Dairy Milk, Oreo, Tang and Toblerone
-- changed its name to Mondelz International, Inc. after spinning-off its north
American grocery business on oct. 1, 2012. The company name is a newly coined
word that evokes the idea of a world of delicious products. Here in the country,
Kraft Foods (Philippines), Inc. (KFP) is now part of the Mondelz International
family of companies and will change its name in due course to refect the name
of the new global company.
This is a very special day. Were making our debut as Mondelz International and
unleashing a global snacking powerhouse that is uniquely positioned to delight
consumers, said Irene Rosenfeld, Chairman and Ceo of Mondelz International,
Inc. Were the worlds greatest start-up. We have $36 billion in momentum and
brands like Oreo, Cadbury Dairy Milk and Tang that have been loved by consumers
around the world for generations.
KFP, now part of the Mondelz International group, has done business in the
Philippines since 1963. Its largest-selling products in the Philippines include Tang,
Cadbury dairy Milk chocolate, oreo and Tiger energy biscuits, and eden Cheese
and Cheez Whiz. The company employs 450 people in the Philippines, with a
manufacturing facility in Paraaque City.
While our name might be new, weve done business in the Philippines for
almost 50 years. This change marks the start of a very exciting future, said Sudip
Mall, General Manager for KFP. our 450 employees are excited to commemorate
what we have done and what we are now all about: Creating delicious moments
of joy.
Kraft Foods Philippines is now part
of Mondelz International
new Company is the Pre-eminent Player in Global Snacking
CYAN MAGENTA YELLOW BLACK
CYAN MAGENTA YELLOW BLACK
Manila Standard TODAY
DECEMBER 17, 2012 MONDAY
D11
PHILIPPINES:
ON THE EDGE OF A
RATING UPGRADE
Investment rating to propel banks to new heights
By Anna Leah G. Estrada
PHILIPPINE banks achieved
record prots this year, thanks
to the robust economic expan-
sion that is worthy of an invest-
ment grade rating.
Bankers, however, said the
market already rated Philip-
pine bonds as investment-grade,
based on the favorable interest
rates fetched by government
and private sector debt issues.
The market has long rated
the Philippines as investment
grade, said BDO Unibank Inc.
president and chief executive
Nestor Tan.
BDO analyst Jonathan Ravelas,
however, said an investment grade
rating would further boost the
economy and the nancial sector.
For the country, it can tap
investors who cannot invest
in non-investment grade. Now
they can raise funds cheaper,
Ravelas said.
Philippine banks play an im-
portant role in the countrys
economic growth. Data showed
the country had more than 9,000
bank ofces as of end-June,
more than half of which were
branches of universal and com-
mercial banks.
Emerging strong from the
1997 Asian nancial crisis,
banks reduced their non-per-
forming loan ratio to below 3
percent and attained large prof-
its. Three of the countrys larg-
est banks are poised to book a
net income of at least P10 bil-
lion each this year.
Asian nancial crisis
The Asian nancial crisis in
1997, also called as the Asian
contagion, largely affected
Asian economies. At the on-
set of the crisis in July 1997, the
Philippines was plagued with
an overvalued currency. This
resulted in a decline in export
competitiveness, which in turn
led to a large trade balance.
Once the Thai baht was deval-
ued, currency speculators also
withdrew their funds from the
Philippines, leading to pressure
to devaluate, said economist
Philip Arnold Tuano explains in
a study.
Tuano, citing a survey made
by the Philippine Institute of
Development Studies, said
that during the crisis, problems
faced by nancial institutions
included high loan default rates
and lack of bank credits.
The Bangko Sentral initiat-
ed a series of banking reforms
that reduced banks default
rates and encouraged consoli-
dation in the industry.
Studies were conducted to
show how the Philippine bank-
ing system initiated various re-
forms but others labeled these
reforms as merely in response
of the Asian crisis rather preven-
tive measures against crises.
University of the Philippines
Economics Professor Ma. So-
corro Gochoco-Bautista in her
study titled The Past Perfor-
mance of the Philippine Bank-
ing System Sector and Chal-
lenges in the Postcrisis Period
said the occurrence of the
Asian nancial crisis has led
to a rethinking of how best to
strengthen banking systems so
as to prevent banking crises, or
to reduce banking system vul-
nerability to crises.
The return on equity of com-
mercial banks from 16.34 percent
in 1996 fell to 12.42 percent in
1997, to 6.6 percent at the end of
1998 and to 1.69 percent in 1999.
What is commendable perhaps
is the Philippine banking systems
ability to survive the Asian crisis
and its ability to post growth al-
beit at a slower pace.
Bangko Sentral Deputy Gov-
ernor Diwa Guinigundo said the
banking system now became
resilient despite the heightened
level of global nancial distress.
This is primarily due to the
limited exposure of domestic
banks to the US subprime fall-
out and other related securitized
assets, which accounted for only
0.4 percent of the banking sys-
tems total assets as of end-June
2008, its relatively strong bank
balance sheets with a return to
protability, improvements in
risk and liquidity management
fourth, strengthening of supervi-
sory and regulatory systems; and
fth, moves by banks into more
protable domestic business
lines such as consumer lending,
he said.
Investment gr ade outlook
Seventeen years after the -
nancial crisis, the country is
now rated one notch below in-
vestment grade. Credit rating
agencies upgraded the countrys
credit rating in recent months.
Anal yst s al so pr edi ct
t hat t he count r y wi l l soon
be r at ed as i nvest ment
gr ade as ear l y as second
hal f of 2013.
A source said based on dis-
cussions with economists, the
ratings agencies were looking
for the concrete steps the gov-
ernment was doing to ensure the
sustainability of GDP growth
such as reforms and investments
in infrastructure.
Bangko Sentral ng Pilipinas headquarters
TeaM Energy Named Among
Countrys Greenest Firms
TEAM ENERGY was recently
named by the Department
of Environment and Natural
Resources (DENR) as one of the
companies with the most earth-
friendly business practices.
Te power frm received the
Departments Ofcial Seal of
Approval and was awarded under
the Philippine Environment
Partnership Program (PEPP).
TeaM Energys Sual Power
Station in Pangasinan and
Pagbilao Power Station in
Quezon received separate awards
for their strict compliance to the
countrys existing environment
laws. Along with a select group
of companies, both power
generation facilities were cited by
the DENR for their exemplary
environmental performance.
TeaM Energy is a partnership
between Tokyo Electric Power
Company and Marubeni
Corporation. It is one of the
biggest independent power
producers in the country with
over 2,000 megawatts of installed
generating capacity nation-
wide. It operates two clean-coal
facilities; the 735 MW Pagbilao
Power Station in Quezon, and
the 1218 MW Sual Power Station
in Pangasinan. It also has a 20%
stake in the 1200 MW natural
gas-fred plant in Ilijan, Batangas
Environment Management Bureau (EMB) Director Juan Miguel T. Cuna
(center) with Ruben H. Licerio, Sual Station Manager and Hilarion C.
Medrano, Pagbilao Station Manager.
Shown at the DENR offces with the awards are representatives of TeaM Energy (from L-R) Julian E. Escosura,
Environmental Analyst (Pagbilao), Hilarion C. Medrano, Station Manager/VP, Pagbilao Power Station, Hazel E.
Caasi, Pollution Control Offcer (Pagbilao), Yoshiyuki Fujie, VP for Operations Optimization, Melissa M. Meneses,
Pollution Control Offcer (Sual), Ruben H. Licerio, Station Manager/VP, Sual Power Station, Rodel E. Daban,
Assistance Vice President for Technical Services (Sual), Rodolfo N. Roxas, Senior Manager for Integrated
Management Systems and Dorcas M. Crooc, Associate for Environment Health and Safety.
CYAN MAGENTA YELLOW BLACK
CYAN MAGENTA YELLOW BLACK
Govt says now
is time to build
infrastructure
By Lailany P. Gomez
THE Philippines, described as
the new rising star in Asia after
it received nine credit rating up-
grades since July 2010, is build-
ing its infrastructure systems to
lay the foundation for long-term
economic growth.
The Transportation Depart-
ment, which handles most of the
countrys infrastructure projects,
believes it is the most opportune
time to implement projects that
will modernize the countrys sea,
land and air transport systems.
With this new optimism that
is prevailing in our country, the
DOTC takes every opportunity
to deliver to our people an im-
proved system of transportation.
We continue to encourage the
private sector to be more ac-
tive and creative in helping the
government in nation-building,
Transportation Secretary Joseph
Emilio Abaya said.
He said the agency guaranteed
the public a level playing eld.
There would be no under the
table. They will just be plain, fair
competition, Abaya added.
Two years after President Be-
nigno Aquino III took ofce, the
Philippines placed itself just one
notch below investment grade in
all three major credit rating agen-
cies scorecards.
Moodys upgraded the Phil-
ippines foreign and local cur-
rency long-term bond ratings
to Ba1 from Ba2, with a stable
outlook on Oct. 29, on account
of sustained economic growth,
strengthening external payments
position, improving scal dy-
namics and implementation of
governance reforms.
S&P lifted the countrys long-
term foreign currency rating to
BB+ from BB on July 1. The
agency also afrmed its BB+
long-term local currency rating
on the Philippines. Both ratings
were assigned a stable outlook.
Fitch Ratings, meanwhile, has
it at the same level as S&Ps.
A higher rating will allow the
Philippines to borrow abroad at
a cheaper rate, thus enabling the
government to set aside more
money for addressing infrastruc-
ture bottlenecks and helping the
poor.
Abaya said transportation was
the arterial structure connecting
and binding the local economy.
Efcient and accessible transport
systems facilitate the smooth
movement of workers from resi-
dence to workplace, the travel of
students from home to school,
and the transfer of goods from
producers to consumers, he said.
A disruption in the movement
between two places will result in
consequential delays and unpro-
ductive time spent in trafc.
The DOTCs efforts are not
just centered on bridging gaps
between places, but on bringing
together the factors that keep our
economy moving and improv-
ing. The construction of various
multibillion-peso transport infra-
structure projects also create jobs
and provide livelihood opportu-
nities while improving mobility
within the country, he said.
Recognizing the different
modes by which the private sec-
tor can help the government in
building public infrastructure
and delivering vital services to
the people, President Aquino,
through Executive Order No. 8,
renamed the Build-Operate-and-
Transfer Center as the Public-
Private Partnership Center to
revitalize and rationalize its
role in national development
projects.
PPP projects
The Transportation Depart-
ment has various projects in
the pipeline to improve con-
nectivity around the country.
Project preparations are now
moving faster this year.
It will roll out the construction
of a P10-billion new passenger
terminal building for the Mactan-
Cebu International Airport that
will accommodate an additional
8 million passengers to comple-
ment the existing terminal.
Aside from Mactan, three more
airports will have operations and
maintenance contracted outthe
new Bohol Airport which will
replace the existing Tagbilaran
airport; the Laguindingan air-
port in Misamis Oriental, which
is now just a few months away
from completion and is expected
it to start operation in rst quarter
next year; and the Puerto Princesa
airport in Palawan, which is also
being upgraded and improved to
meet the surge in tourists attrib-
utable to the Underground River.
The agency is also bidding out
the P1.8-billion Automatic Fare
Collection System, which is in-
tended for the Metro Rail Transit
and Light Rail Transit Lines.
Just recently, the bidding
for the P60-billion LRT Line 1
Cavite Extension was closed,
with four business groups
Light Rail Manila Consortium,
MTD-Samsung Consortium, San
Miguel Infrastructure Resources
Inc. and DMCI Holdings Inc.
competing for the contract.
The P60-billion railway ex-
pansion program involves con-
struction of the tracks, the station
and all its attendant facilities, as
well as the operations and main-
tenance and purchase of coaches.
Of the total project amount,
P30 billion will be sourced
through ofcial development as-
sistance by the government that
makes it a hybrid PPP and the
biggest project on the list.
The DOTC is also contracting
out to the private sector the op-
eration and management contract
of LRT Line 2, which runs from
Recto Station in Manila to Santo-
lan Station in Pasig City.
The private sector shall be en-
gaged to operate and maintain
the existing 13.8-km LRT Line 2
which runs along the Recto Sta-
tion in Manila, the Santolan Sta-
tion in Pasig, Magsaysay Boule-
vard and Marcos Highway.
The O&M will also include a
4-km extension that will be con-
structed from Santolan, Pasig to
Masinag in Antipolo City.
The PPP Center and Feedback
Infrastructure Services Pvt. Ltd,
the transaction advisor for the In-
tegrated Transport System proj-
ect, signed a consulting contract
for the ITS project on Nov. 23.
The DOTCs transaction ad-
visor will develop a feasibility
study on the viability of the ITS
project, using the PPP scheme
under the current BOT law. The
study will cover the construction
of two terminals located at the
south of the city, one terminal
serving passengers to and from
the Laguna/Batangas side and the
other serving those to and from
the Cavite side.
A third terminal that will serve
passengers to and from Northern
Luzon will be separately devel-
oped at the north side of EDSA.
The ITS project will estab-
lish three mass transportation
terminals that will integrate dif-
ferent modes of transportation,
connecting commuters from the
provinces to other urban trans-
port systems such as the MRT,
LRT, buses, taxis and other pub-
lic utility vehicles plying around
Metro Manila.
About 10,000 provincial buses
can be accommodated in the three
terminals, allowing commuters
easier and immediate access to
various modes of transportation
plying within Metro Manila and
to the different provinces.
This administration is doing
all it can to give everybody equal
treatment in all these PPP proj-
ects and all other PPP projects in
the future. We want to show the
world that in the PNoy adminis-
tration, it doesnt matter whom
you know. What matters now is
what you know and what you can
do to give the best value for our
peoples money, Abaya said.
As far as President Aquinos
government is concerned, what is
best for the people and the Daang
Matuwid remains as our guiding
lighthouses. We are condent that
with clear-cut rules, level playing
eld for competition, we shall be
attracting the investments that we
need to propel our country to the
next stage of development, he
added.
Larger and modern airports needed.
Ray S. Eano
Editor
Roderick T. dela Cruz
Assistant Editor
Edith Angeles
Advertising manager
Romel Mendez
Art Director
Dong Visagar
Deskman
Josie de Vera
Proofreader
SPECIAL REPORT PROJECT
D12
DECEMBER 17, 2012 MONDAY
Manila Standard TODAY
PHILIPPINES:
ON THE EDGE OF A
RATING UPGRADE
CYAN MAGENTA YELLOW BLACK
CYAN MAGENTA YELLOW BLACK
Remittances fuel demand
Working here has allowed me
to become more nancially sta-
ble, said Gimeno, 27, who wires
about P25,000 ($610) a month
to his retired father in Manila,
almost three times the minimum
wage in the capital. Opportuni-
ties here are everywhere.
Government projects in the
Middle East, spurred by the Arab
Spring and the global nancial
crisis, are drawing Filipino engi-
neers, nannies and ofce workers.
The rise may propel the Southeast
Asian nation ahead of Mexico
this year to become the worlds
number three in remittances be-
hind India and China. The funds
account for about 10 percent of
the Philippine economy.
Consumption has been driven
by remittances for years and with
investment picking up, the Phil-
ippines is set to become one of
Asias gems, said Santitarn Sath-
irathai, a Singapore-based econo-
mist at Credit Suisse Group AG.
Philippine assets will remain
attractive, with a strong upside
to the currency. Within Southeast
Asia, the peso would be our top
pick.
Funds sent home from Filipi-
nos working overseas will rise
5.5 percent to $24.3 billion in
2012, while Mexicos receipts
will drop 0.3 percent to $23.5 bil-
lion, the World Banks Migration
and Remittances Unit forecast
in a Nov. 20 report. The rising
inows prompted the Philippine
central bank to cut rates to damp
gains in the peso, the second-best
performer against the US dollar
among Asias 11 most-traded cur-
rencies this year.
Labor trail
The number of Filipinos who
left to work abroad climbed 15
percent in 2011 to almost 1.7
million, according to the Philip-
pine Overseas Employment Ad-
ministration. Saudi Arabia, the
United Arab Emirates and Qatar
accounted for about 40 percent of
the total.
Persian Gulf states were at
the forefront in the Middle East
in implementing greater gov-
ernment spending in light of the
Arab Spring and the global cri-
sis, Hans Leo Cacdac, head of
the POEA, said in an interview.
They opened up basic services
programs, built new infrastruc-
ture, hospitals, housing units, to
try to calm public dissatisfaction
and boost the economy.
Those programs created new
opportunities in the traditional
job market for Philippine migrant
workers, such as in construction,
tourism and services, Cacdac said.
Asia rising
While Asian migrant work-
ers are benetting from increased
spending in the Middle East and
Asia, those from Latin America
and the Caribbean are feeling the
effects of the global economic
slowdown and cutbacks in the US,
their main destination. Growth in
remittances to countries in South
and East Asia will outpace the rate
to Latin America and the Carib-
bean in 2012 and 2013, the World
Bank report said.
For many Filipinos, such as Riza
Lapatha in Manila, remittances
mean education for their children.
If my husband wasnt work-
ing overseas, we wouldnt have
enough to send our kids to school,
said Lapatha, 42, who has two chil-
dren in college, one in high school
and a four-year-old. She and the
children live with her mother-in-
law while her husband Rex works
as a mechanic at an aviation com-
pany in Abu Dhabi. He earns twice
what he could in the Philippines.
Still, while overseas jobs may
offer higher pay, the reality for
many is a cycle of debt and harsh
living conditions, according to a
report led by Professor Sevil Son-
mez at the University of North
Carolina at Greensboro.
Hot work
The 2011 report in the Health
and Human Rights journal cited
cases of construction workers suf-
fering heatstroke during 12-hour
shifts, in temperatures reaching
131 degrees Fahrenheit (55 Cel-
sius), and female domestic staff
working 100 hours a week with no
rest days.
The inux of overseas earn-
ings has helped advance the
Philippine peso by about 7
percent this year, touching
a four-year high last month.
The central bank in October
cut its benchmark interest rate
for a fourth time this year, to
a record-low 3.5 percent. The
central bank held that rate at a
meeting Thursday.
Migrant workers benet from increased spending in the Middle East, Asia.
By Karl Lester M. Yap
RAFFY Vital Gimeno started sending
part of his pay to his family in the Phil-
ippines after getting a job in Qatar in
2008. Now his wife and sister are also
working in the Middle East state and
theyre all remitting money home.
Deputy Governor Diwa
Guinigundo said the reduction
will help address the capital in-
ows. The Bangko Sentral ng
Pilipinas in July lowered the
rates for its so-called special
deposit accounts and banned
foreign funds from investing in
them to help curb the inux of
money.
Foreign investment
Rising remittances are not
the only boost to the Philip-
pines $225 billion economy.
The countrys young work-
force is attracting companies
from Japan, China and South
Korea looking for cheaper,
skilled workers. The nation of
7,107 islands lured $6 billion
last year in pledged foreign
investment, according to the
government.
The Southeast Asian na-
tion is forecast to be among
the 10 fastest growing econ-
omies in 2013 and 2014, ac-
cording to a Bloomberg sur-
vey of economists.
Thats boosting demand for
Ayala Land Inc. homes and Ford
Motor Co. cars. Growth acceler-
ated to 7.1 percent last quarter,
the fastest pace since 2010 and
the most in Asia after China.
The nations benchmark stock
exchange index has risen more
than 33 percent this year, touch-
ing a record this week.
Still, with a workforce fore-
cast to expand more than 30 per-
cent this decade, many Filipinos
will continue to have to nd op-
tions abroad. The nations labor
force will increase by almost
18 million, to 75 million, in the
years to 2020, Bank of America
Merrill Lynch projected in April.
Manila Standard TODAY
DECEMBER 17, 2012 MONDAY
D13
PHILIPPINES:
ON THE EDGE OF A
RATING UPGRADE
CYAN MAGENTA YELLOW BLACK
CYAN MAGENTA YELLOW BLACK
Manila Standard TODAY D14
DECEMBER 17, 2012 MONDAY
Expanding economy
needs power support
By Alena Mae S. Flores
PHILIPPINES energy demand
is expected to rise sharply in the
next decade at least, as the econ-
omy grows more consistently
under an investment grade rating
regime. Investments in power
plants, thus, must keep pace with
the rapidly expanding economy.
We, at the Department of En-
ergy and the entire energy family
are relentless in our effort to fa-
cilitate and pave the way for the
entry of more investments in the
country, Energy Secretary Jeri-
cho Petilla said in a recent inves-
tors forum.
The department has prepared
a draft Power Development Plan
that lists power demand per re-
gion and the committed and in-
dicated projects from 2012 to
2030.
The power demand projections
were based on 4.3 percent to 4.5
percent growth rate assumed by
the electric cooperatives and dis-
tribution utilities.
At the moment, we have
around 16,000 megawatts in-
stalled capacity and 14,000
megawatts dependable capacity.
But we need to continue and ex-
ert more effort to achieve energy
sustainability, Petilla said.
The Philippines expects a total
of 868.7 MW of committed proj-
ects for 2012 to 2020, with 735
MW coming from coal, 21 MW
from oil-based fuel, 67.5 MW
from wind, 25.2 MW from bio-
mass and geothermal accounting
for 20 MW.
Committed projects are de-
ned as those that have com-
plied with the necessary per-
mits and clearances of several
agencies and concerned local
government units and are in the
process of nancial closing.
Total indicative projects for
2012 to 2020 reached 5,143.3
MW, consisting of 3,075 MW
of coal-red plants, 150 MW of
oil-based facilities 1,150 MW of
gas-red stations, and 466 MW
of wind power. Biomass power
accounts for 32.3 MW while geo-
thermal will contribute 120 MW.
Indicative projects are those that
are in different stages of develop-
ment prior to nancial closing.
The power demand outlook is
being reviewed annually, Lisa
Go, head of the departments in-
vestment promotions ofce said,
when asked if the forecast supply
will meet the growth in demand.
Additional capacity
Energy director Mylene Ca-
pongco said project proponents
must be able to comply with the
departments requirements so
that their projects will form part
of the energy plan.
The department expects nearly
1,400 megawatts of additional ca-
pacity in 2013 alone to come in for
the Luzon grid, with the bulk to
be generated by GN Power Ltd.s
600-MW coal project in Quezon.
Around 702.7 MW will come
from committed power projects
that include the 21-MW CIP 2
bunker-red power, 67.5-MW
Pilia wind project, 1.2-MW
Payatas landll gas and the 13-
MW Green Future biomass.
The department also expects
the 130-MW Bacman geother-
mal plant upgrating to be com-
pleted in 2013.
Some 685.8 MW in additional
capacity will come from indica-
tive projects next year, such as
the 150-MW aero combined cy-
cle, 300-MW Energy World gas,
90-MW Mabitac wind, 45-MW
Pasuquin wind project (Phase
1), 86-MW Burgos wind, 11.2-
MW Unisan biogas and 3.6 MW-
Lucky biomass power plant.
Only one committed project
is identied in 2014 in Luzon,
namely the 20-MW Maibarara
geothermal project.
Most of the projects in 2014 are
still in the indicative stage, namely
the 40-MW FDC coal, 300-MW
Redondo coal (phase 1), 300-MW
SLPGC coal, 300-MW Batangas
gas, 50-MW Cavinti wind, 80-
MW Caparispisan and Baloi wind,
the 70-MW Pasuquin wind (phase
2) and 17-MW Green Power bio-
mass project.
Committed projects for 2015
include the 135-MW Puting
Bato coal and 11-MW SCJI bio-
mass power plant while 1,105
MW of indicative projects are
lined up.
The indicative projects are the
300-MW Redondo coal (phase
2), 135-MW Puting Bato coal
(phase 2), 550-MW San Gabriel
gas, 40-MW Tanawon geother-
mal, 40-MW Rangas geother-
mal and the 40-MW Abrade Ilog
wind farm.
Visayas investments
There are no committed plants
for 2016 and 2017 but indicative
projects include the 500-MW
Quezon and 600-MW Masinloc
coal expansion for 2016 and the
300-MW SLPGC coal (phase 2)
and 40-MW Manito geothermal
for 2017.
No projects were lined up for
2018 and 2019 but the 150-MW
Kanan hydro project was been list-
ed as an indicative project for 2020.
The department is also woo-
ing investors to put up an ad-
ditional capacity in the Visayas,
which needs an additional 2,000
MW by 2030.
Visayas peak demand will
reach 3,270 MW from the cur-
rent 1,540 MW.
Committed projects for Vi-
sayas include the 8-MW Villa-
siga hydro (2013), 20-MW Na-
sulo geothermal (2014), 8-MW
Cantakoy hydro and 135-MW
Concepcion coal (2015), 4-MW
Asian Energy biomass plant
(2016) and 135-MW Concep-
cion coal plant (2017).
Indicative projects for Vi-
sayas include the 20-MW FDC
Danao and 50-MW Nabas wind
(2013), 54-MW Lorenzo wind,
12-MW Asea One Aklan bio-
mass, 17.5-MW Green Power
Panay biomass, 35-MW Green
Power Negros biomass, 30-MW
Asea One Iloilo biomass and 18-
MW San Carlos biomass plant
(2014).
Other indicative projects are
the 164-MW CEDC coal, 82-
MW PEDC coal, 17.5-MW Green
Coal power plant in Quezon.
Power Panay biomass (2016),
40-MW Dauin geothermal
(2017) and the 40-MW Southern
Leyte geothermal (2019).
Petilla urged the power sec-
tor to work together to meet the
challenge of a growing power
demand in the future.
With all the efforts and re-
forms undertaken by the energy
sector, let us all work together in
synergy to achieve energy security
and sustainability, Petilla said.
Mindanao outage
Petilla said Mindanao needs
more private sector participa-
tion, as the Electric Power In-
dustry Reform Act of 2001
prohibits National Power Corp.
from putting up new power gen-
eration plants.
Im hoping that private sec-
tor will come in but will the con-
sumer take it [the higher prices
in Mindanao]? Petilla asked.
The department is convincing
investors to put up some 1,950
megawatts of additional capac-
ity in Mindanao by 2030 as the
region continues to suffer from
power shortage.
Mindanaos peak demand is
seen to reach 3,351 megawatts by
2030 from the current 1,943 MW.
There are around 580 mega-
watts of committed power
projects for Mindanao from
2012 to 2019, with coal ac-
counting for 500 MW.
Committed projects include the
15-MW Mapalad diesel and 15-
MW EEI peaking plant (2013),
the 300-MW South Therma coal
(2014 to 2015), 100-MW Saran-
gani coal phase 1 (2015), 40-MW
Mt. Apo geothermal (2015) and
the 100-MW Sarangani coal proj-
ect phase 2 (2016).
Indicative power projects for
Mindanao from 2013 to 2019
include the 35-MW Bukidnon
biomass, 200-MW Steag coal,
35-MW Darong solar, 100-
MW San Ramon coal, 20-MW
FDC coal, 100-MW PNOC
coal, 20-MW Tagoloan hydro
and 12-MW Tamugan hydro.
Petilla said his vision was to
come out with a long-term en-
ergy plan that could stand on
its own, irrespective who will
sit as secretary of the depart-
ment.
I want to come out with
energy plan that is long-term
in nature that goes beyond the
term of secretaries. I want to
set that momentum and make
sure that if that secretary has
to transfer or if the post is va-
cated, it can move on its own.
Energy should not be personal-
ity-based because this is long
term. If there are new tech-
nology, [the plan] should be
dynamic enough to insert the
changes, he said.
CYAN MAGENTA YELLOW BLACK
CYAN MAGENTA YELLOW BLACK
Manila Standard TODAY
DECEMBER 17, 2012 MONDAY
D15
ON THE EDGE OF A
RATING UPGRADE
Telecom rms keep
pace with expansion
By Lailany P. Gomez
TWO of the countrys biggest telecommunica-
tion companies are optimistic the industry will
continue to see growth in the coming years, in
step with an anticipated credit rating upgrade
from three major credit watchers.
A higher credit rating improves the Philip-
pine and the rated companies spread when they
borrow abroad.
Philippine Long Distance Telephone Co. and
Globe Telecom Inc. said the curent sovereigns
credit rating, now just a notch below investment
grade, from Standard & Poors Ratings Servic-
es, Moodys Investor Services and Fitch Group
would further strengthen the domestic markets.
The three credit watchdogs have lifted PLDTs
rating by one notch to become the rst Philippine
corporate to be given an investment grade rating to
BBB- from BB+ with a positive outlook.
PLDT chairman Manuel Pangilinan said the
upgrade reafrmed the soundness of the com-
panys business strategy to transform itself into a
fully integrated telco operator offering a complete
suite of advanced communications services.
PLDT remains the leading player in the lo-
cal telecom sector with over 60 percent market
share in the cellular, broadband and xed line
businesses as of end-June 2012.
Its a very positive outlook. The volumes are
up, although the revenues are not as buoyant as the
volumes. People tend to choose the cheaper buck-
ets, PLDT president Napoleon Nazareno added.
S&P expects PLDT to retain its position as
the leading integrated telecommunications ser-
vice provider in the country in terms of sub-
scribers and revenue.
Data from the PLDTs Web site showed that as
of Sept. 30 this year, the company had a subscriber
base of about 68.6 million in the wireless market,
2.1 million (including 300,000 of Digitel) in the
xed-line segment and 3.2 million in the broad-
band segment. Together with Digitels subscrib-
ers, PLDT has a subscriber market share of about
65 percent across all segments.
We believe the Digitel acquisition further
strengthens PLDTs competitive position in the
cellular segment and its growth opportunities in
broadband services, S&P said.
PLDTs income slipped six percent to P28.7
billion in the rst nine months of the year from
P30.6 billion a year ago, due to a stiffer compe-
tition and manpower reduction.
Total revenues surged 13 percent to P128.56
billion from January to September compared with
P114.05 billion in the same period last year.
S&P expects PLDTs revenue to grow about
12 percent this year primarily on account of
full-year Digitel consolidation but fall to one
percent next year and in 2014 as the continued
growth in subscribers would be largely offset by
a reduction in average revenue per user (ARPU)
due to competitive pressure.
Globes chief nancial ofcer Alberto Lar-
razabal said the favorable credit ratings helped
strengthen the domestic market.
Its OK. It reects, I think, the overall eco-
nomic environment. General outlook so far is
quite positive. Telco is a consumer product and
therefore as the overall economy grows, as dis-
posable income improves and ination remains
benign people are condent about their spend-
ing, said de Larrazabal.
Fitch, meanwhile, afrmed Globes BBB-
ratings with a stable outlook.
In the midst of an aggressive switching cam-
paign from the competition, Globe reported a
20-percent growth in postpaid revenue and sub-
scriber base as of end-Sept. this year.
Contributing 35 percent to its mobile revenue
stream in the third quarter of 2012, the compa-
nys postpaid business grew to P5.8 billion from
P4.6 billion in the same quarter in 2011, a 25
percent increase year-on-year.
Postpaid customers stand at 1.66 million, up
22 percent from the previous years 1.37 million,
bringing total Globe subscribers to 32.1 million
from 29.1 million, up 10 percent year-on-year.
We anticipate competition to get more in-
tense but we remain condent that our innova-
tive spirit and strong focus on our customers
will continue to differentiate us in the market.
CYAN MAGENTA YELLOW BLACK
CYAN MAGENTA YELLOW BLACK
Car makers more
bullish on economy
By Julito G. Rada
CAR sales are revving up, indi-
cating a vibrant economy.
The expected investment grade
rating for the Philippines next
year will fuel sales increase in
the local automotive industry,
resulting likely in record turnout.
Frank Nacua, secretary gener-
al of the Philippine Automotive
Competitiveness Council Inc.,
said stronger sales mirror the in-
crease in the purchasing power
of Filipinos.
PACCI is composed of major
car manufacturers in the Philip-
pines--Ford Philippines, Honda
Cars Philippines, Isuzu Philip-
pines Corp., Mitsubishi Motors
Philippines and Toyota Motor
Philippines--and the Motor Ve-
hicles Parts Manufacturers Asso-
ciation of the Philippines.
As the rating upgrade will
affect the banking industry, -
nancing for car loans will be-
come easier, resulting in higher
demand from car buyers, Nacua
told Manila Standard in an inter-
view.
Nacua said the prole of car
sales in the Philippines shows
70 percent is coursed through
nancing with only 30 percent
paid in cash. That is the trend
now which shows that majority
of car buyers resort to making
loans just to acquire their own
vehicles, he said.
Nacua is among those who
believe that to maximize the
potentials of the industry under
an investment grade regime, the
government and industry players
themselves must work hand in
hand to implement measures that
would benet all stakeholders.
Nacua said foremost of
these is the implementa-
tion of the car industry
roadmap, which PACCI
submitted to the Board
of Investments early this
year.
Under the roadmap, the
industry aims to trans-
form itself from a mere
assembly of completely-
knocked down units to
manufacturing of vehi-
cles for local and export
markets.
Roadmap
Industry data show
locally-manufactured ve-
hicles declined from 96
percent in 2000 to 44 per-
cent in 2010. New vehi-
cle registrations of LMVs
accounted for just 34 per-
cent, or 75,000 units in
2010, only a third of the
industrys total produc-
tion capacity of 250,000.
The roadmap has three
principal stages. The rst
phase is the local market
buildup phase with the
extension of incentives
for complete vehicles,
parts, and components
exports. The second is
the expansion of local ve-
hicle sales and exports of
selected models for local
manufacture.
The third, which should
be reached by 2020, will
be the integration of the
local automotive manu-
facturing sector into the
regional vehicle parts
and components sourcing
network of brand princi-
pals.
Chamber of Automo-
tive Manufacturers of
the Philippines president
Rommel Gutierrez said
the industry roadmap
had undergone a series
of revisions after the BoI
urged car manufacturers
to state clearly their plans
on car exports.
The target is to nal-
ize it before the end of
the year, Gutierrez said
in an earlier interview.
Nacua said failure to
implement the roadmap,
even under the invest-
ment grade rating regime,
would not be good for the
industry.
I can say that if there
will be no roadmap, there
will be no positive effects
to the industry, especially
in terms of new invest-
ments, he said.
Gover nment suppor t
Although Gutierrez ac-
knowledged the impor-
tance of exportation of
locally-made vehicles, he
said the primary focus re-
mained the strengthening
of the domestic market.
Export is the ultimate
objective of the roadmap
but we need to focus rst
on the domestic market
until the industry is ready
to export its products.
Currently, we have ex-
ports of parts and compo-
nents that could be relied
upon and should itself be
protected and incentiv-
ized, he said.
Gutierrez said the gov-
ernment must continue
supporting the indus-
try, especially with the
scheduled shutdown of
the manufacturing opera-
tions of Ford this month.
Ford Philippines has
been the only participant
in the countrys car ex-
port program since 2002.
It has been exporting
some of its Laguna-man-
ufactured models to other
Asean countries.
It announced a decision
to close manufacturing
operations, citing econo-
mies of scale and low de-
mand for its vehicles.
Gutierrez said one of
the ways for the gov-
ernment to promote the
growth of the industry is
the curbing of smuggling
of luxury cars in some
parts of the country.
There are existing
laws against smuggling
and the government must
strictly implement them
to discourage if not elimi-
nate smuggling, he said.
Gutierrez said the pas-
sage of a bill proposing
incentives to hybrid and
other alternative-fuel
vehicles should be also
expedited because of the
benets to the public.
We support this bill as
this will encourage intro-
duction of more environ-
ment-friendly vehicles.
The passage of the bill
could potentially lower
the prices of hybrid and
alternative fuel vehicles
which will benet not
only the buying public
but also our environ-
ment, he said.
Hybr id behicles
Senate Bill No. 2856,
or the Electric, Hybrid
and Other Alternative
Fuel Vehicles Incentives
Act of 2011, is pending in
the Senate. A counterpart
bill from the House of
Representatives was ap-
proved on third reading
in March this year.
Gutierrez believes that
as the share of imported
cars in the auto market
continues to increase, the
government should set a
clear direction for the au-
tomotive industry.
The government must
give strong emphasis on
the importance of manu-
facturing plants already
in place so as not to give
rationale for existing in-
dustry players to leave
the country, he said.
The government
should put in place poli-
cies and programs that
will boost investors con-
dence particularly to
maintain assembly/man-
ufacturing plants in the
country.
Achievable tar gets
Early this year, the in-
dustry projected to sell
154,000 units as the au-
tomotive sector was reel-
ing from the effects of the
twin natural disasters in
2011 that hampered the
supply chain of parts and
CBUs.
But as supply started
to stabilize in the second
quarter of 2012, Campi
signalled that it might re-
vise upward its sales tar-
gets this year.
With stable supply in
August, Gutierrez an-
nounced that the indus-
try was looking to sell
185,000 units, or 31,000
more from the original
forecast of 154,000 units.
The projected sales
of 185,000 is a revised
projection because of the
strong sales performance
during the rst half of the
year. The trend continues
and the industry is con-
dent that it could achieve
this target, he said.
D16
DECEMBER 17, 2012 MONDAY
Manila Standard TODAY
PHILIPPINES:
ON THE EDGE OF A
RATING UPGRADE