Chamber presses police for details

THE president of the Cagayan de Oro Chamber of Commerce and Industry (Oro Chamber) has called on authorities to reveal what they know about the Boniao kidnapping case. Oro Chamber president Antonio Uy said the local business community heaved a sigh of relief over the release of businessman Manny Boniao last Saturday after five days in captivity.
"But what is the motive? That is a question we want the police to answer," Uy said. Uy also urged city police director Senior Supt. Gerardo Rosales to brief and tell the local business community the real story. He said businessmen want to know the city's security status. "Despite the release of Manny Boniao, we still advise our members to be more cautious, more vigilant, and shun away from public gatherings para malikay sa mga dautan," Uy said.

But reliable sources told The Gold Star Daily that the reason the police and even Mayor Vicente Emano have not given details is because they, too, are in the dark. Speaking on condition of anonymity, one of the sources said the police only learned of Boniao's release on Sunday morning. Boniao was released--and was allegedly brought home--on Saturday night.

Emano, according to the source, only came to know of Boniao's release while he was in a radio station for a public affairs program on Sunday morning. It was Rosales who informed the mayor.

The source said Emano then instructed Rosales to go to Boniao's house and ask for information. But Rosales, according to the source, failed to see Boniao who was said to be asleep.

The source said this explains why Emano could only give sketchy information and why he has been resorting to motherhood statements since Sunday.

"He (Emano) cannot divulge the details because he has nothing to divulge. None of them (officials) were involved. Only Boniao and the family were involved. You can say that Boniao was the victim and the negotiator at the same time," said the source. Another reliable source corroborated this, and said Boniao may have already left for Manila.

Rosales said he tried to call Boniao yesterday afternoon but failed. "No one's answering the call."

Rosales has admitted that the police were also searching for answers to important questions. He said authorities don't even know where Boniao had been taken by the kidnappers.
 
Rep. Rufus Rodriguez of the city's 2nd District said the police should identify, arrest and bring the kidnappers to court.

Councilor Alvin Calingin said police still need to explain how the kidnappers were able to take Boniao and bring him home just like that.The incident, according to Calingin, has put the city in a bad light. He said the police should explain why the kidnapping took place in the first place.

Calingin said the reported ransom payment--called payment for "board and lodging" by some officials--could encourage more kidnappers into operating in the city.

Councilor Ramon Tabor said, "‘Board and lodging' and ransom are the same thing."

Councilor Roger Abaday, a criminologist, said he feared there would be more kidnappings in the city after Boniao's abduction. He said the kidnappers have seen how profitable and easy it is to snatch businessmen in the city.

Abaday blamed the success of the Boniao kidnappers on what he called as poor intelligence network in the city.

He said police apparently lacked financial support for intelligence information gathering.

Councilor Edgar Cabanlas made an appeal to Mayor Emano: "Tell the truth." Cabanlas said Emano has failed to give the public correct information about the Boniao case.

He expressed alarm over several "high-profile crimes" committed in the city. He said the city council should be updated by the police.

"As elected officials of the city, we have the right to know what is happening in the city," he said.

Rosales, for his part, said Cabanlas should be specific.

"The police office is working diligently on the cases. We are doing our job," Rosales said.
 
Meanwhile, Councilor Alden Bacal said Emano was involved in the Boniao case since the day the businessman was kidnapped.

Bacal said Emano called for an executive meeting at around 11 am the day Boniao was abducted and odered the police to seal off all possible exit points. He said Emano did the same thing after Boniao's release and even directed the police to go after the kidnappers.

"It's not true that the mayor did not do anything," said Bacal. wtth reports from herbie gomez

By LITO RULONA, BOBBY LAGSA and ED MALIZA
Correspondents

Philippine Markets: 28 September 2011

28 September 2011

USD/PhP:    43.54( As of 12:00pm)   PSEi:       3883.64           + 164.42
USD/JPY:    76.57             PFINC:              875.64          +
3.68
EUR/USD:    1.3555                  BDO:                 48.00          +
1.75
GBP/USD:    1.5626                  BPI:           53.65          +
2.65
PDSTF3M:    3.6229                  MBT:           61.95           +
1.85
Prices as of  4:00pm                Source: Bloomberg, Reuters


Philippine Peso Gains on Optimism Greece Will Avert Default
By Karl Lester M. Yap

(Bloomberg) -- The Philippine peso advanced the most in three months as
signs of progress in tackling Europe’s debt crisis helped revive demand for
emerging-market assets. Government bonds rose.

Greek Prime Minister George Papandreou won support in parliament yesterday
for a new property tax to help raise revenue and narrow the nation’s
budget deficit.
German Chancellor Angela Merkel said her nation would help Greece meet
the terms of its bailout.

“People are taking the recent developments in Europe positively,” said
Antonio Espedido, a treasurer at China Banking Corp. in Manila.
“There’s more demand for riskier assets, which is benefiting emerging
markets like the
Philippines.”

The peso gained 0.9 percent to 43.495 per dollar as of 10:26 a.m. in
Manila,
it biggest gain since June 21, according to Tullett Prebon Plc. Currencies
in
Asia’s developing nations strengthened yesterday, when financial markets in
the
Philippines were shut yesterday due to a typhoon.

The yield on the government’s 5.875 percent bonds due January 2018
dropped 10 basis points, or 0.1 percentage point, to 5.4 percent,
according to Tradition Financial Services.






BDO UNIBANK, INC.

Jonathan Ravelas
Chief Market Strategist
(632) 858-3145

Scheduled Power Interruption on Saturday, October 1, 2011

CAGAYAN ELECTRIC POWER & LIGHT CO., INC
 
Important Notice to CEPALCO Customers
Subject: Scheduled Power Interruption on Saturday, October 1, 2011
 
The Cagayan Electric Power & Light Co., Inc. (CEPALCO) would like to inform all customers that power supply will be interrupted on OCTOBER 1, 2011 as shown below:
 
Reasons:
FACILITATE THE RELOCATION OF 34.5KV LINES AND CONVERSION OF 13.8KV LINES ALONG CORRALES AVENUE AFFECTED BY THE DEVELOPMENT AND CONSTRUCTION OF CENTRIO MALL.
 
Date:
 
Saturday, October 1, 2011
Interruption Time:
8:00 AM – 5:00 PM (9 hours)
 
Affected Areas:
PORTION OF CAMAMAN-AN FEEDER #4 (34.5-KV) AREA:
1.   Along Corrales Avenue including portion of Antonio Luna St. towards all of Mabulay Subdivision including Provincial Hospital Area and portion of the Provincial Capitol.
2.   Along Capt. Vicente Roa Street from Jose Rivera St. up to Recto Avenue.
 
 
Power will however be restored immediately without further notice
when line works are completed earlier than scheduled.
 
We hope the affected customers and the public in general
will be guided by this announcement. Thank you.
 
 
 
 
 
Released by:
Ms. Marilyn A. Chavez
Senior Manager
Customer & Community Relations Dept.

Scheduled NGCP Power Interruption on Sunday, October 2, 2011

CAGAYAN ELECTRIC POWER & LIGHT CO., INC
 
Important Notice to CEPALCO Customers
Subject: Scheduled NGCP Power Interruption on Sunday, October 2, 2011
 
The Cagayan Electric Power & Light Co., Inc. (CEPALCO) would like to inform all customers that the National Grid Corporation of the Philippines (NGCP) has advised CEPALCO that power supply will be interrupted on October 2, 2011 as shown below:
 
Reasons:
NATIONAL GRID CORPORATION OF THE PHILIPPINES (NGCP) WILL CONDUCT ANNUAL PREVENTIVE MAINTENANCE WORKS OF THE 100-MVA POWER TRANSFORMER AND ITS ASSOCIATED 69KV HIGH VOLTAGE EQUIPMENT AT THEIR APLAYA SUBSTATION. TO MAKE USE OF THE INTERRUPTION, CEPALCO WILL CONDUCT LINE MAINTENANCE WORKS AT OUR TAGOLOAN SUBSTATION AND ALONG VILLANUEVA–JASAAN 34.5/69KV CIRCUITS. TO REDUCE THE IMPACT OF THE SAID INTERRUPTION, CEPALCO WILL SHIFT THE SUPPLY OF TAGOLOAN SUBSTATION TO ANOTHER SOURCE.
 
Date:
 
Sunday, October 2, 2011
A. Interruption Time:
6:00 AM – 6:00 PM (12 hours)
 
Affected Areas:
M2 - NPC APLAYA SUPPLY (JASAAN -TAGOLOAN 69-KV CIRCUIT):
1.  SWL Enterprises, Mohon, Tagoloan.
2.  Resins Inc., Jasaan
3.  Cargill Plant, Villanueva
 
TAGOLOAN FEEDER #2 AREAS (34.5-KV):
1.  All the municipalities and barangays of Villanueva and Jasaan.
2.  All the Barangays of Sta. Cruz, Mohon, Sta. Ana, and Sto. Rosario, Tagoloan including Kimaya, Villanueva.
 
B. Interruption Time:
6:00 AM – 8:00 AM (2 hours) Switching works
4:00 PM – 6:00 PM (2 hours) Switching works
 
Affected Areas:
TAGOLOAN FEEDER #1 AREAS (34.5-KV):
1.  Portion of Natumulan down to Casinglot, Tagoloan.
2.  All the Barangays of Bugo, Puerto, Tin-ao, Agusan, Tablon, Baloy, Cugman, Gusa, and greater portion of Lapasan.
3.  Portion of Lapasan-Camaman-an road from Recto Ave. towards Limketkai Commercial Center including Grand Caprice Restaurant.
4.  All of Osmeña St. and portion of Cogon Market Area including Roxas St. towards portion of JR Borja St..
5.  Upper Gusa, Indahag, Malasag, FS Catanico and Balubal.
6.  Agora Market area including Gaabucayan St..
7.  DMPI plantation, MENZI Agri, etc.
 
TAGOLOAN FEEDER #2 AREAS (34.5-KV):
1.  Portion of Natumulan, greater Tagoloan proper, all the Barangays of Baluarte, Pulot, Sugbongcogon, and Gracia, Tagoloan.
 
 
Power will however be restored immediately without further notice
when line maintenance works of NGCP and CEPALCO are completed earlier than scheduled.
 
We hope the affected customers and the public in general
will be guided by this announcement. Thank you.
 
 
 
Released by:
Ms. Marilyn A. Chavez
Senior Manager
Customer & Community Relations Dept.