Police names 2 suspects in trader's kidnapping

By Michael Andrew W. Yu

Friday, September 30, 2011

THE Philippine National Police (PNP) revealed the identity of the two suspects who are allegedly involved in the kidnapping of businessman Manny Boniao last September 19.

Police Chief Superintendent Jufel C. Adriatico, PNP-Northern Mindanao director, identified the two suspects as Abdul S. Raco and Malik M. Guro, both residents of Marawi City.

Adriatico said they have already filed criminal cases against the two suspects before the City Prosecutor’s Office.

Raco and Guro are allegedly with four other suspects who abducted Boniao inside his establishment in Barangay Gusa Monday last week.

Boniao was later released September 24.

CAGAYAN. Police Regional Director Chief Superintendent Jufel Adriatico revealed to the members of the media, two of the six suspects who kidnapped businessman Manny Boniao last September 19 this year. Boniao was released by his abductors five days later. (Joey P. Nacalaban)

Adriatico said the two suspects were positively identified by some witnesses.

“Our complaint was based on tactic identification and on actual accounts of the witnesses,” he said.

Adriatico said they are presently hunting down the suspects, including those who are not yet identified.

With this, he urged the public to report any information they know related to the case.

“We will capture them early if the public will help us,” Adriatico said, as he thanked his men for giving their best in solving the case as soon as possible.

Adriatico said they will also include in the filing of criminal case the owner of the red Mitsubishi Adventure used by the suspects in abducting Boniao.

“After reviewing the case report submitted by the investigator, I found out that the vehicle owner should also be included in the case,” he said.

The vehicle is owned by Abdul Hakim Grande but reportedly sold it to Enrique Goltiao on September 15, four days before the abduction.

But Adriatico said Goltiao failed to produce the necessary documents to prove ownership of the vehicle.

“Goltiao will be included in the amended charges. Even the City Fiscal attests that it is right to include the vehicle owner for the kidnapping case,” Adriatico said.

Published in the Sun.Star Cagayan de Oro newspaper

Philippine Markets: 30 September 2011

30 September 2011

USD/PhP:    43.84                     PSEi:       3,999.65   +122.02

USD/JPY:    76.65                     PFINC:        917.78   + 28.08

EUR/USD:    1.3559                   BDO:            51.00   + 2.10

GBP/USD:    1.5605.                  BPI:              55.80   + 2.30

PDSTF3M:    2.9627                  MBT:             67.00   + 1.70

Prices as of  12:00pm              Source: Bloomberg, Reuters

Philippine Interest Rate Outlook

Secondary money market rates were lower this week as risk aversion wanes

On positive sentiments coming out of the Euro Zone.

Continue to expect rates to remain volatile in the near- term.

Philippine Equities Outlook

Local share prices  rose 2.90 percent week-on-week to 3999.65 as risk aversion

wanes on positive developments from the Euro zone in order to save Greece from

Default.

Chart wise, the week's close at 3999.65 is viewed as a mere rebound.  A clear break

above 4,250 is needed to put the bulls back to play. Failure for the market to test said

levels could call for a retest of the 3,800 levels.

Philippine Peso Outlook

The local currency depreciated for the fifth straight week to 43.84(as of 12:00pm) .

This is primarily due the US dollar continued strength against the regional 

currencies as global Risk aversion persists in the near-term.

Chartwise, with the currency's continued stay above the 43. 60 levels, 

supports last week's view call for s near-term test of the 44.00-44.50 levels in the near-term.

Cheers,

Jonas

Jonathan L.Ravelas

Chief Market Strategist

BDO Unibank, Inc.

Direct: +6328583145

OroChamber conducts livelihood training

THE Cagayan de Oro Chamber of Commerce and Industry Foundation Inc. (OroChamber) will be holding livelihood trainings for women in the villages on September 27 at the Barangay Nazareth Hall.

The whole-day activity, which would start at 8 a.m., will be attended by women beneficiaries from Barangays Camaman-an, Gusa and Nazareth.

“The rise in the prices of basic commodities is already over-stretching the purchasing power of every Filipino hence there is a need to enhance the livelihood capability of every family,” said OroChamber Vice President for Agriculture, Mining and Fishery Sector Atty. Zoilo Antonio Velez.

Velez said the Chamber thought of helping augment the income of target families in the city to cope with the steady increase of the prices of basic goods by giving them additional livelihood opportunities.

The training intervention, which is lodged in the Chamber’s Ice on Milk Project, is supported by Representative Maximo Rodriguez of AbaMin party-list, BusinessWeek, National Dairy Authority Region X, Magnum Radio, Parasat Cable, Sun.Star Cagayan de Oro, Mindanao Current and Land O’ Lakes.

During the training, the participants will be taught how to make white cheese, yema and lactoflan, which they can readily sell and earn extra income in the process.

The trainers are experts from NDA-Northern Mindanao and the Northern Mindanao Federation of Dairy Cooperatives.

OroChamber president Tony Uy expects a good number of women-participants during the BIMP-EAGA Trade Fair cum Oro Best Expo 2011 in October as the livelihood session will be staged back-to-back the Dairy Forum.

The October 20 event will also train the next batch of trainees from Puntod and other barangays on relevant milk processing techniques. (PR)

Published in the Sun.Star Cagayan de Oro newspaper