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business The Manila Times SATURDAY


are imminent, analysts say, as the world’s second-largest economy steps up its battle against inflation.


The ruling Communist party’s politburo decided to shift its mon- etary policy stance from “relatively loose” to “prudent,” the Xinhua news agency reported.


The politburo said it should “im- plement an active fiscal policy and a prudent monetary policy, to in- crease the focus, flexibility and ef- fectiveness of macro-economic ad- justments,” the report said. A senior official at China’s cen- tral bank last week warned that in- flationary pressures were building because of flows of capital into the country and expectations of a re-


China vows to tighten monetary policy in 2011 B


EIJING: China pledged Friday to tighten monetary policy next year— a sign that new interest rate hikes


senior strategist at the Royal Bank of Canada, told Agence France-Presse. “The rates are too low given inflation. They’ve only moved rates by 25 basis points since the start of 2009 so this looks in- creasingly inappropriate for the current situation.”


valuation of the yuan. The nation’s consumer price index rose 4.4 percent year-on- year in October, well above the government’s full-year target of three percent, with the prices of 18 types of vegetable rising more than 60 percent. Analysts said the government’s announcement signaled a new phase in the country’s efforts to curb spiraling prices. “It’s a very clear signal that the rate hikes are imminent. We’re forecasting one by the end of the year and an- other three in 2011,” Brian Jackson, a


State media has previously re- ported the Communist leadership was to adopt a “prudent” monetary policy compared with the expan- sionary stance adopted over the past two years to combat the impact of the global financial crisis. Beijing unveiled a 4-trillion- yuan ($586-billion) stimulus package in the wake of the crisis and opened the credit valves, which led to the volume of new loans nearly doubling to 9.6 tril- lion yuan in 2009.


These loans were mainly used to increase investments and caused a boom in property prices. Policymakers now fear a


MOSCOW: PepsiCo agreed to buy one of Russia’s top drinks companies Thursday in a deal that would make the US food giant a dominant force in the Russian market and extend its reach deep into former Soviet lands. A PepsiCo spokesman told Agence


France-Presse that the company would pay $5.4 billion for all of Wimm-Bill- Dann after taking into account the Russian company’s debt. PepsiCo said the deal would make it the


largest food-and-beverage business in Russia—nearly double the size of its nearest competitor—and expand its presence in both Eastern Europe and Central Asia. “This moves the company closer to


its strategic goal of building a $30- billion nutrition business by 2020,” PepsiCo said in a statement that


predicted Russian revenues of $5 billion next year. PepsiCo chief executive Indra Nooyi called Russia “a fast-growing, strategi- cally important market offering abundant opportunity.” Another executive said the company


would have “the potential to be leveraged across the broader East European and Central Asian region.” Thursday’s agreement gave the US


company immediate control of a 66- percent stake for $3.8 billion, with the remaining shares to be bought progressively.


News of the agreement sent Wimm- Bill-Dann shares soaring 64 percent by the close. Wimm-Bill-Dann is Russia’s largest dairy and baby food producer and


Hermes-LVMH fight heats up


PARIS: Shares in French luxury fash- ion group Hermes are a hot item on the stock market because traders see the founding family mounting a bit- ter takeover defense against giant predator LVMH.


Hermes is a chic brand for prod- ucts ranging from handbags to scarves and perfume while French company LVMH or Louis-Vuitton Moet Hennessy is the world’s larg- est luxury goods group, specializing in wines and spirits, fashion and leather goods, perfumes, watches and jewelry. On Friday, the extended Hermes family meets and is expected to launch a counter attack against LVMH which acquired 17.1 percent of Hermes by stealth in October. Shares in Hermes rose 1.46 per- cent to 159.95 euros by midday on Thursday, showing an increase of 15 percent over the week so far. Hermes has come a long way in


170 years since Thierry Hermes rode the horse business to make bags for saddles for the nobility. Today, the French company is in the business of making the rich and middle classes, increasingly in ris- ing emerging economies, feel and look good.


Luxury is proving to be a sector


with ever expanding appeal in an ever more global market, and strides onwards and upwards in bad times as well as good.


The battle in prospect is a story of big brands, big personalities, big money and a big family. LVMH employs 77,000 people and has a market value of nearly 60 billion euros, compared with Hermes on 16.8 billion euros. On November 9, shortly after


LVMH’s presence was revealed, Hermes reported sales in the first nine months of the year amounted to 1.67 billion euros ($2.18 billion) and that sales for the year were on target to increase by 15 pecent. The company “is on the way to probably the best year in at least 10 years and perhaps in all its history,” Hermes Patrick Thomas said. About 70 inheritors of the six- generation Hermes family busi- ness meet on Friday to discuss how to use their combined 73.4 percent in the face of the unwelcome raid by LVMH.


One option is to create a holding company, which would not be quoted on the stock market and so would be closed to outside inves-


tors, to house all of the interests held by the family.


Another option is an agreement for the family to act together to keep the invader at the gates of the fam- ily jewels.


Meanwhile, a high-profile de- fender of the rights of small share- holders in companies, Colette Neuville, has urged the stock mar- ket authority not to exempt the fam- ily from an obligation under such circumstances to make a bid to ac- quire the entire share capital. For several days, there has been


heavy trading in Hermes shares. One analyst, who declined to be named, commented: “One can see there has been speculative activity for several days because investors consider that it is increasingly likely that LVMH will acquire more shares or launch a takeover.” The shares are still below the record high of more than 200 euros they reached immediately after LVMH announced that it had built up its stake. Shares in LVMH were showing a rise of 1.05 percent on Thursday to 119.68 euros. LVMH has been built into one of the global giants of luxury products by Bernard Arnault, who insists that his sudden arrival in Hermes is “friendly.” To those who manage Hermes for the family, the maneuver looks hostile. “If you want to be friendly, Mr. Arnault, you should withdraw,” Hermes executive Bertrand Puech, an heir of Emile Hermes who switched the company into fashion, said last month. “We’re artisans, our goal is to make the best products in the world. We’re not in luxury, we’re in quality.” To observers the stand-off recalls a tremendous takeover battle for an- other once family-owned business, Gucci of Italy, which ended in 2001. That contest was fought out with a sudden stock issue, courtroom clashes and eventually defeat for LVMH and Arnault at the hands of big French rival PPR, headed then by its founder Francois Pinault, now run by his son. Gucci had appealed to PPR as a defensive “white knight” to drive off LVMH.


The French stock market authority AMF has opened an investigation into the method used by LVMH to snap up its holding in Hermes. LVMH in- sists that it acted within the rules.


AFP


number three juice maker. It has 35 production facilities stretching from Ukraine to Central Asia and employs 18,000 workers. Its J7 juice is the most popular brand in Russia, thereby giving PepsiCo the access it had sought for years in former Soviet countries. The acquisition is believed to be the


largest in the US company’s history and one of the most important ever concluded


B 3


D e cember 4, 2010


Another US company pulls plug on WikiLeaks


damaging bubble in the real es- tate sector and a potential new crop of bad debts. Ever fearful of inflation’s histori- cal potential to spark unrest in China, Beijing has ordered a range of steps to ensure adequate supplies of key goods and offer financial help to the most needy.


The central bank hiked interest rates in October for the first time in nearly three years.


Last month, Beijing raised the amount of money that lenders must keep in reserve for the fifth time this year. “We’ve already seen the beginning of a tight monetary policy, with re- serve requirement hikes and interest rate hikes,” Stephen Green, an ana- lyst at Standard Chartered in Shang- hai, told Agence France-Presse. “We think there’s more to come,” Green said, predicting a rate increase could come “anytime in the next few weeks.”


AFP PepsiCo takes huge step into Russian drinks market


outside the Russian energy market. Wimm-Bill-Dann reported revenues of $2.4 billion in the 12 months ending June 2010. The Russian company said its earnings were hurt by a stronger dollar and predicted a better perform- ance in the current year. “This represents a tremendous vote


of confidence in the future of the Russian market,” said Wimm-Bill-Dann chairman Sergei Plastinin.


Republic of the Philippines


Department of Public Works and Highways Quezon II District Engineering Office Lucena City


Invitation to Bid The Department of Public Works and Highways (DPWH), Quezon II District Engineering


Office through its Bids and Awards Committee (BAC), invites contractors to bid for the following contract (s):


1) Contract ID Contract Name : 10DJ0202


: Construction of Small Water Impounding Project at Brgy. Manggahan,


Contract Location : Dolores,Quezon Scope of Works


2) Contract ID Contract Name : 10DJ0203


: Rehab./Improvement of Small Water Impounding Project (Diversion Dam) at Brgy. Buenavista West,


Contract Location : Candelaria,Quezon Scope of Works


Approved Budget for the Contract (ABC) : Php 10,000,000.00 Contract Duration : 180 C.D


3) Contract ID Contract Name : 10DJ0204


: Construction of Small Water Impounding Project (Diversion Dam) at Brgy. San Jose,


Contract Location : Tiaong,Quezon Scope of Works


4) Contract ID Contract Name : 10DJ0205


: Construction of Small Water Impounding Project (Diversion Dam) at Brgy. Lutucan-Malabag,


Contract Location : Sariaya,Quezon Scope of Works


5) Contract ID Contract Name : 10DJ0206


: Rehab./Improvement of Small Water Impounding Project (Diversion Dam) at Brgys. Pury, San Jose, Pulo, Sampaga,


Contract Location : San Antonio,Quezon Scope of Works


Approved Budget for the Contract (ABC) : Php 10,000,000.00 Contract Duration : 180 C.D


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 with PCAB license applicable to the type and cost of this contract, (c) completion of a similar contract costing at least 50% of ABC within a period of ten (10) years, and (d) Net financial Contracting Capacity at least equal to ABC, or credit line commitment at least equal to 10% of the ABC. The BAC will use non-discretionary pass/fail in the eligibility check and preliminary examination of bids.


Unregistered contractors, however, shall submit their applications for registration to the DPWH-


POCW Central Office before the deadline set for the receipt of LOI’s. The DPWH POCW-Central Office will only process contractor’s applications for registration with complete requirements, and the Contractor’s Certificate of Registration (CRC).Registration Forms may be downloaded at the DPWH website www.dpwh.gov.ph


The significant times and deadlines of procurement activities are shown below 1. Receipt of LOI’s from Prospective Bidders


2. Issuance of Bidding Documents to registered contractors Dec. 3-23, 2010 3. Pre-Bid Conference 4. Receipt of Bids 5. Opening of Bids


Deadline: Dec. 3-17, 2010 Dec. 10, 2010 @ 10:30 A.M


Deadline: Dec. 23, 2010 until 9:30 A.M Dec. 23, 2010 after 10:00 A.M


The BAC will issue hard copies of Bid Documents at DPWH, Quezon II DEO, BAC Secretariat Office, Dalahican Road, Lucena City upon payment of a non-refundable fee of P 1,000/set for LOI FORM & P 20,000/set for BIDDING DOCUMENTS. Prospective Bidders may also download the BD’s from the DPWH website, if available. Prospective bidders that will download the BD’s from the DPWH website shall pay the said fees on or before the submission of their bid documents. The pre-Bid Conference shall be open only to interested parties who have purchased the BD’s. Bids must accompanied by a bid security, in the amount and acceptable form, stated in Section 27.2 of the Revised IRR


Prospective bidders shall submit their duly accomplished forms as specified in the Bidding


Documents (BDs) in two (2) separate sealed bid envelopes to the BAC Chairman, DPWH, Quezon II District Engineering Office. The first envelope shall contain the technical component of the bid, which shall include a copy of the CRC. The second envelope shall contain financial component of the bid. Contract will be awarded to the Lowest Calculated Responsive Bid as determined in the bid evaluation and post-qualification.


The DPWH, Quezon II District Engineering Office reserves the right to accept or reject any bid


and to annul the bidding process anytime prior contract award, without thereby incurring any liability to the affected Bidder / Bidders.


RENATO C. ALCALA Asst. District Engineer BAC Chairman


Tel. No. (042) 373-0412


Noted by : CELESTIAL S. FLANCIA District Engineer


MT – Dec. 4, 2010 : Diversion works, Canal Structures, Outlet Works : Diversion works, Canal Structures, Outlet Works


Approved Budget for the Contract (ABC) : Php 10,000,000.00 Contract Duration : 180 C.D


: Diversion works, Canal Structures, Outlet Works


Approved Budget for the Contract (ABC) : Php 10,000,000.00 Contract Duration : 180 C.D


: Diversion works, Canal Structures, Outlet Works


B. Sketch Plan Please refer to “Annex A”


C. Size The applied area covers one thousand two hundred forty six and 7637/10000 (1,246.7637) hectares.


D. Restrictions


The applied area shall be subject to Section 15 (“Area Closed to Mining Location”), Section 16 (“Ancestral Land”) and Section 105 of DAO No. 96-40 as amended, which provide, among others, that:


a. The following areas are closed to mining applications; areas covered by valid and existing mining rights/ applications, old growth/virgin forests, proclaimed watershed forest reserves, protected areas and other areas expressly prohibited by law;


b. The following areas shall also be closed to mining applications except upon written consent/prior clearance by the concerned government agency or private entity: areas near or under public or private buildings, cemeteries, archeological and historical sites, bridges, highways, waterways, railroads reservoirs, dams and other infrastructure projects, public or private works, including plantations or valuable crops;


c. In cases of areas occupied by Indigenous Peoples (IPs) and/or covered by Certificates of Ancestral Domain/ Land Claims/Titles(CADC/CALC/CADT/CAL), the Free and Prior Informed Consent shall be secured from the concerned IPs; and


d. In cases of surface owners, occupants and concessionaires that may be covered by the applied area, their permission shall be obtained prior to entry into their lands by the eventual Permittee for purposes of undertaking exploration therein.


V. Term and Duration of the Exploration Permit


The term of the Exploration Permit shall be for a period of two (2) years, from the date of issuance thereof, renewable for like periods but not to exceed six (6) years: Provided, that no renewal of Permit shall be allowed unless the Permittee has complied with all the terms and conditions thereof, and has not been found guilty of violation of any provision of the Act and DAO No. 96-40, as amended: Provided, further, That the conduct of a feasibility study and filing of the declaration of mining project feasibility shall be undertaken during the term of the Exploration Permit, subject to the provisions of Section 30 of DAO No. 96-40, as amended.


VI. Extent of Activities to be undertaken


1. Research Work on previous studies made on the area by the Mines and Geosciences Bureau and private geo practitioners


2. Reconnaissance/Regional Survey or Studies - not applicable 3. Semi-detailed Survey or Studies 4. Topographic Survey 5. Detailed Survey or Studies - detailed geological mapping, geo-chemical and geo-physical survey, sub- surface investigation (auger drilling, trenching/test pitting, aditing/tunnelling)


Any and all persons having adverse claims, protests and/or opposition to the subject application(s) are


hereby notified that their adverse claims should be filed within ten (10) calendar days from the last date of publication or from the last date of publication/posting/radio announcement hereof, directly with the Regional Office concerned or through any concerned Community Environment and Natural Resources Officer (CENRO) or Provincial Environment and Natural Resources Officer (PENRO) of the DENR for filing in the Regional Office for purposes of its resolution by the Panel of Arbitrators and/or the concerned appellate body(ies) pursuant to the provisions of Republic Act. No. 7942 and its implementing Rules and Regulations. Adverse claims, protest or opposition should be accomplished in accordance with Section 203 and 204 of DENR Administrative Order No. 96-40, Series of 1996 and a copy thereof shall be furnished to the applicant/contractor by the adverse claimant.


For further particulars apply or course your inquiries to the Regional Director, Mines and Geosciences Bureau, Regional Office No. IV-B (MIMAROPA) located at 7th Manila.


(SGD.) ELMER B. BILLEDO, Ph.D. Officer-In-Charge


Office of the Regional Director cc:


Barangay Chairman Brgy. Aliji, Tagkawayan, Quezon


Barangay Chairman Brgy. Mahisna, Tagkawayan, Quezon


Barangay Chairman Brgy. San Vicente, Tagkawayan, Quezon


Barangay Chairman Brgy. Sta. Elena, Tagkawayan, Quezon


Barangay Chairman Brgy. Colong-Colong, Tagkawayan, Quezon


Barangay Chairman Brgy. Kinatakutan, Tagkawayan, Quezon


Barangay Chairman Brgy. Segniwan, Tagkawayan, Quezon


Barangay Chairman Brgy. Sabang, Tagkawayan, Quezon


Barangay Chairman Brgy. Poblacion, Tagkawayan, Quezon


Barangay Chairman Brgy. Laurel, Tagkawayan, Quezon


Barangay Chairman Brgy. Magsaysay, Tagkawayan, Quezon


Barangay Chairman Brgy. San Francisco, Tagkawayan, Quezon


Barangay Chairman Brgy. Candalapdap, Tagkawayan, Quezon


MT – Dec. 4, 2010 floor, DENR by the Bay Building, 1515 Roxas Boulevard, Ermita, : earthworks, earthdam, emergency spillway, outlet works


Approved Budget for the Contract (ABC) : Php 10,000,000.00 Contract Duration : 240 C.D


IV. Description of the Applied Area A. Geographical Coordinates CORNER


AFP


WASHINGTON, D.C.: A US company whose software was being used by WikiLeaks to create and display charts of its cache of secret US dip- lomatic cables said Thursday that it had pulled the plug on the whistleblower website. Tableau Software said it cut WikiLeaks off on Wednesday, the same day that Amazon booted the website from its servers, in response to a public request from Sen. Joe Lieberman, chairman of the Senate Homeland Security Committee. Tableau Software said WikiLeaks had published data visualizations of the more than 250,000 US diplo- matic cables obtained by the site to Tableau Public, a free service offered by the company. “Wednesday afternoon, Tableau Soft-


ware removed data visualizations pub- lished by WikiLeaks to Tableau Public,” the company said in a blog post. “Our terms of service require that people using Tableau Public do not upload, post, email, transmit or oth- erwise make available any content that they do not have the right to make available,” it said. “Furthermore, if we receive a complaint about a particular set of data, we retain the right to investi- gate the situation and remove any offending data, if necessary,” the Seattle-based company said.


“Given the controversy around the WikiLeaks data, we’ve closely followed the debate about who ac- tually has the rights to the leaked data,” it said. Tableau Software said the deci- sion to no longer host the WikiLeaks charts was “not an easy decision, nor one that we took lightly.” “This will inevitably be met with mixed reaction,” the company said. “However, our terms of service were cre- ated to ensure responsible use of data.” Tableau Software had received about three dozen comments on its blog Thursday afternoon, most of them negative. “This act of cowardice and capitu- lation in the face of government cen- sorship makes it impossible for me to use your services with a clear con- science,” said a message from “veelo2.” “I’m very disappointed by your decision.”


Senator Lieberman welcomed Amazon’s decision on Wednesday to no longer offer its Web-hosting services to WikiLeaks and called on other companies not to cooperate with the site.


“No responsible company— whether American or foreign— should assist WikiLeaks in its efforts to disseminate these stolen materi- als,” he said.


AFP Republic of the Philippines


Department of Environment and Natural Resources MINES AND GEOSCIENCES BUREAU Regional Office No. IVA-CALABARZON


7/F DENR By The Bay Bldg., 1515 Roxas Blvd., Ermita, M.M. Tel. 302-13-60 Telefax 536-02-15


NOTICE OF APPLICATION FOR EXPLORATION PERMIT OF CITYGROUP PHILIPPINES CORPORATION


Notice is hereby given pursuant to Section 21 of DENR Administrative Order (DAO) No. 96-40, as amended,


“The Revised Implementing Rules and Regulations of Republic Act No. 7942, otherwise known as the Philippine Mining Act of 1995,” that CITYGROUP PHILIPPINES CORPORATION, a Filipino Corporation duly organized under Philippine Laws, with office address at Unit 32 Payna St. Veterans Village Project 7, Quezon City has filed an application for Exploration Permit (EP) for the exploration of silica, etc. particularly described as follows:


I EP Application No. II Date of Filing III. Area Location


: EPA-IVA-116 : March 13, 2008


: * Barangays Aliji, Mahinta, San Vicente, Sta. Elena, Colong- Colong, Kinatakutan, Segniwan, Sabang, Poblacion, Laurel, Magsaysay, San Francisco, Candalapdap, all in the Municipality of Tagkawayan, Province of Quezon


* Based on Area Status provided by the Land Management Service, DENR-IV-CALABARZON and information from the documents submitted by applicant.


LATITUDE


10 11 12 13 14


113° 58’00.00” 214° 00’00.00” 314° 00’00.00” 413° 59’00.00” 513° 59’00.00” 613° 58’14.00” 713° 58’16.30” 813° 58’22.00” 913° 58’26.00” 13° 58’10.00” 13° 58’10.00” 13° 58’30.00” 13° 58’30.00” 13° 58’00.00”


LONGITUDE


122° 30’00.00” 122° 30’00.00” 122° 32’30.00” 122° 32’30.00” 122° 31’30.00” 122° 31’30.00” 122° 31’33.00” 122° 31’41.30” 122° 31’45.00” 122° 31’45.00” 122° 31’30.00” 122° 31’20.00” 122° 31’00.00” 122° 30’45.00”


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