Page 36 - Hello Philippines January 2016 'B' issue

36 www.hello-philippines.com NEWS January 2016 / Fortnightly – No. 2 • UK & Europe Edition

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A suspension on the trading of LBC prepared for a bitter, even drawn-out shareholdings, according to regulatory ousted the majority board members
Express Holdings now looms after the court fight with the PDIC and Bangko filings. and, only this weekend, even prevented Why De Dios and Warren would
Philippine Deposit Insurance Corp. Sentral over their claim that P1.8 billion the group from the house-to-house forsake the majority board in favor of
on Friday successfully garnished 84 from the collapsed LBC Development Jollibee chairman Tony Tancaktiong distribution of their circular to explain the unelected security chief, a known
percent of the shares of the courier, Bank had been siphoned off to fund the personally held 8,494,565 shares by the uncivil state that their community cockfight and gaming aficionado,
cargo and remittance group. expansion of LBC Express. end-2015, down 500,000 shares from had gotten itself into. remains a mystery.
his year-ago holdings.
According to a court officer familiar Trading on LBC Express was briefly According to e-mailed exchanges In any case, with the majority done
with the proceedings, Makati Regional halted last Monday after news broke The reduction becomes even obtained by Cocktales, Buenaventura away with, the wife of the ousted
Trial Court sheriff Ray Bantug served out that Makati Regional Trial Court more pronounced when compared “Bonnie” Vergel De Dios was continuing security chief has been appointed
the notice of garnishment last Friday to Judge Maximo de Leon had granted to Tancaktiong’s pile in 2012. At that on as president in a “hold-over” capacity village commander, in lieu of her
RCBC, the stock transfer agent of LBC the PDIC application to seize the bank time the Jollibee co-founder had 15.2 along with his ally, secretary Delfin ousted husband.
Development Corp., which owns 84 accounts, shares of stock and other million company shares to his name. Warren, despite a unanimous Comelec
percent of LBC Express Holdings. properties of the LBC Group and LBC declaration of a failure of the year-end The wife was only too happy to
Group chairman Carlos Araneta and In other words, Tancaktiong, now elections due to lack of quorum. avenge her other half and, with her
As well, several more bank accounts his children. 62, shed off nearly half of his personal robust frame and sharp tongue, shooed
of the parent LBC Development Corp. shareholdings in just three years. Quite embarrassingly, even Vergel away the majority board when the
have been effectively frozen, with the The garnishment of LBC Fortunately, within that span of time, De Dios’s own daughter Veronica group tried to use the village clubhouse
sheriff serving the writ of attachment Development could wash over to the Jollibee share price had doubled, Garcia as Comelec member took a for a meeting.
to Metrobank, LandBank and another listed company controlled closing Friday at P205, effectively position contradicting her dad.
Philippine National Bank, in addition by their cousins, Araneta Properties, restoring Tancaktiong’s personal pre- Rather than turn a combustible
to the earlier disclosed BDO and Bank since the wholly-owned subsidiary LBC disposal fortune of about P1.74 billion. Still, three other sitting governors situation into a palengkera fight, the
of the Philippine Islands. Express owns nearly 12.5 percent of whose terms will not expire until the majority group decided that prudence
the listed property company of Marcos His younger brother, Jollibee end of this year – Roberto Jaime Lim (of is the better part of valor and retreated
Earlier, copies of the PDIC complaint son-in-law Gregorio Araneta III. treasurer Joseph Tanbuntiong, could ES Lim appliance fame), psychologist to a director’s house nearby to finish
and the writ of attachment had also not resist the lure of fast profits, Elizabeth Leano, and Anson Tan (of their business. n Victor C. Agustin / January 11,
been served on LBC Development In addition to being a distant cousin, although at a smaller scale. Nation Paper Products and Printing)
corporate secretary, Victor Llamas, Carlos Araneta is also a director and – have been similarly sidelined by 2016 / 1:30 pm
at the LBC offices within Star Cruises treasurer of Araneta Properties. His In a repeat of what he had done in the putschists, simply because the
Center in Pasay City’s Newport son Santiago Araneta, chairman and October, Tanbuntiong unloaded last three allied themselves with what has
Cybertourism Zone. chief executive of LBC Express, is also Wednesday 7,000 optioned shares become the powerless majority group.
an Araneta Properties director. for P214 each that he obtained on the
No LBC Group officer or counsel same day for P39.50. As in any other village and condo
could be reached for comment over Jollibee chairman sheds more associations, the immediate cause of
the weekend about the impact of the poundage. Jollibee may still be hungry Tanbuntiong, 52, executed the same the boardroom feud was apparently
expanded garnishment. for more acquisitions but the chairman stock-flip in late October, involving personal. Earlier last year, the board
and co-founder of Asia’s biggest another 7,000 optioned shares, in time majority had outvoted De Dios and
However, based on earlier fast-food empire has nevertheless for some pre-Christmas cheer. Warren to remove the village security
disclosures, the LBC Group and the been cutting back on his personal chief, their muscle, for cause.
controlling Araneta family were Coup ousts Valle Verde board
majority. The president of the Valle
Verde I homeowners’ association has

‘ALL WATER UNDER THE BRIDGE’ Duterte camp asks Comelec panel to junk all petitions vs. his candidacy

THE camp of Davao City Mayor aspirants Rizalito David and Elly Pamatong, “The COMELEC En Banc… already camp said in its memorandum. was about to be declared as a nuisance
Rodrigo Duterte has asked the and UP student leader John Paulo delas resolved to accept the COC of Respondent It added: “Not only is the issue of candidate by the Comelec.
Commission on Elections (Comelec) Nieves—”are all water under the bridge” DUTERTE as an official candidate … This
First Division anew to dismiss all four because the Comelec en banc has accepted acceptance of [his] COC presupposed a substitution deemed moot, but all the Aside from five arguments against the
petitions lodged against his candidacy the mayor’s COC for president. recognition by the COMELEC En Banc, first, Petitions had been filed out of time, cases collectively, Duterte’s lawyers also
for president. that the COC of DINO was valid; second, that whichever way they are classified.” raised a specific issue on the Pamatong
This was despite the fact that the en his withdrawal together with his naming petition, saying the petition “has no
In a memorandum filed on Friday, banc’s resolution, dated December 17, 2015, of Respondent DUTERTE as substitute Duterte, who served as Davao City legal standing to file” as his candidacy
Duterte, through his lawyers, said said the acceptance was a “ministerial was valid; and third, that the COC filed by mayor for many terms, has filled in was already declared nuisance by the
the petitions—filed separately by function” but “entirely without prejudice” Respondent DUTERTE was valid,” Duterte’s for Martin Diño, PDP-Laban’s original Comelec. n Rose-An Jessica Dioquino / KBK,
broadcaster Ruben Castor, presidential to the cases. standard bearer who withdrew from the
presidential race after learning that he GMA News / Published / January 15, 2016 / 4:33 pm

Int’l migratory birds count underway in Northern Mindanao
CAGAYAN de Oro City - An annual count in Magsaysay, Gingoog City; onward to Australia, but sometimes
international migratory bird count, Opol, El Salvador City and Alubijid they stay longer if there is appropriate count early Thursday morning: have to consolidate our data from the
dubbed as the Asian Waterfowl Census in the province of Misamis Oriental; supply of food,” said Bojo. “Compared to the data from 2015, other areas of Northern Mindanao,”
(AWC) is currently underway in the towns of Kolambugan and Lala said Bacasnot. n Erwin M. Mascariñas /
Northern Mindanao. in Lanao del Norte and the Misamis “So far, as of 2015 we have recorded we observe that this year’s number of
Occidental towns of Sinacaban and around 29 species of migratory birds, species in the towns of Alubijid and InterAksyon.com / January 14, 2016 / 5:16 pm
The survey is part of a nationwide Bonifacio,” said Donato Bojo, zoology which means how healthy our local El Salvador indicates in a preliminary
activity spearheaded by the Protected eco-system is, to sustain this huge way an apparent decline, but we still

Area Management and Biodiversity technician of the PAMBCS, who heads number of migratory bird species. The

Conservation Section (PAMBCS) here the team. Provincial Environment and Natural

of the Department of Environment and Bojo explained why the activity is Resources Office (PENRO) personnel

Natural Resources (DENR) Region 10 done every first month of the year. will be helping us in the bird count

office. “Records suggest that bird migration since there are only five of us in the

“This is a nationwide activity that’s to the Philippines starts around region. We will then supplement and A Common Red Shank swoops across a pond, one

being conducted between January 13 September, but would be at its peak guide the local environment team in of the seven migratory species found this year in

and 15 this year. It’s considered the in January, since this coincides with the counting of birds in the different Alubijid town, Misamis Oriental.

largest annual bird count for migratory mid-winter in wide areas from Siberia areas here in Region 10,” he added. A team from the Protected Area Management and Biodiversity Conservation Section (PAMBCS) of the
birds, which involves 51 countries, to Korea, Japan and parts of China. Arnel Bacasnot of the Conservation Department of Environment and Natural Resources (DENR) Region 10 office looks for migratory birds along
including the Philippines. Here in Our area here in Region 10 is a good the coast of Barangay Baybay, El Salvador City in Misamis Oriental province. Photos by Erwin Mascariñas,
region 10 we will conduct our bird stop over for migratory birds traveling Development Division of PAMBCS ©InterAksyon.com
shared what he noticed during the bird