business The ˜Manila Times WEDNESDAY BY KRISTA ANGELA M. MONTEALEGRE REPORTER ILINVEST Development Corp. plans


power off-takers with respect to each project,” the company said. In line with its power project in


to use the proceeds of its recent fund- raising exercise to finance its venture


into the power and water businesses.


In a disclosure to the Philippine Stock Exchange, the Gotianun-led holding firm said it is looking to put up 150-megawatts of clean coal-fired power plants each in Luzon and Visayas.


“FIlinvest is in the process of applying for permits from the rel- evant governmental and regula- tory authorities and is in nego- tiations with potential equip- ment suppliers and potential


Isuzu Philippines expects slight growth in 2011


ISUZU Philippines Corp. said its sales next year would slightly grow as it would introduce a locally assembled vehicle geared for public transport. Arthur Balmadrid, Isuzu Philippines senior vice president for sales, told reporters on Monday night that the company expects to sell about 11,000 units by yearend, about a fifth higher than last year’s sales of 9,213 units. Balmadrid said the company


projects sales in 2011 to rise by between 4 percent and 5 percent, adding that the auto industry would likely post similar growth rates next year.


He said Isuzu Philippines has a


limited vehicle lineup, hence it does not benefit from strong sales of passenger cars and small sport utility vehicles. The company sells the following locally assembled vehicles: Asian utility vehicle model Crosswind, D-Max pickups, and trucks. It also sells imported Alterra units. Balmadrid said next year’s sales would


be boosted by the launch of a 16-seater “microvan” during the second quarter. The Isuzu microvan was originally called “microbus,” but its specifications


were tweaked so that it would be classified as a van instead of a bus when registered with the Land Transportation Office, the executive said. The microbus was initially


targeted to be introduced late this year, but the changes in specs delayed its launch, he said. Its height was significantly reduced so it could fit in indoor parking space, he added. The microvan would be smaller than a minibus but bigger than a van. Its body would be assembled by


local auto parts manufacturer Centro Manufacturing Corp. It would have up to 90 percent local


content, Balmadrid said. Also, the microvan’s introductory price


was slashed to below P1.3 million, from the microbus’ planned price of about P1.5 million, the official said. Balmadrid said the microvan is


targeted for shuttle service operators. He said its final prototype would be


ready early next year, upon which production starts. The company targets to sell 100 units of the microvan monthly, he said. BEN ARNOLD O. DE VERA


Visayas, Filinvest will also conduct a feasibility study for the establish- ment of a water desalination facil- ity at the same site that will be op- erated using off-peak power from the proposed facility. Effective January 1 next year, a senior expert in the local infrastruc- ture industry will join the company to implement its potential infra- structure and utilities projects.


B 3


D e cember 8, 2010


Filinvest to enter power, water sectors F


Last month, the company se- cured shareholder approval to con- duct an equity fund raising exercise that would involve its majority stakeholder ALG Holdings Corp. selling no more than three billion of its existing shares in the former. As part of the transaction, ALG Holdings would subscribe to the new shares issued by Filinvest, which would be the same num- ber of common shares sold by the former.


As of September, ALG Holdings, Rules for broadband speed up for revision


THE National Telecommunica- tions Commission (NTC) said it will revise the guidelines on broadband speed after telecom companies proposed that a longer period should be used in measuring the minimum connection speed. On the sidelines of the


International Electronics Conference & Exposition Philippines, Douglas Michael Mallillin, NTC deputy commis- sioner, told reporters that telcos had proposed a 15-day formula- tion period for measuring broadband speed instead of doing it on a daily basis. “We will study their proposal,


particularly the mechanics and the measurements,” Mallillin said. The telecom companies that


are offering broadband services are Philippine Long Distance Telephone Co., Smart Communi- cations Inc., Globe Telecom, Digital Telecommunications Philippines Inc., Bayan Telecom- munications Inc., Liberty Telecom Inc., among others. Mallillin said that telcos


would still have the power decide on the pricing and the


equivalent broadband speeds because the industry is deregulated. “Let the market dictate,” Mallilin said.


In a draft memorandum order,


the NTC said that the service reliability is measured over a period of one month and is derived by dividing the number of hours used in a day into the difference between hours used in a day and hours used below minimum connection speed in a day. The NTC said the minimum


service reliability should be 80 percent and the service offers should specify the service rates for a minimum broadband/ Internet connection speed and the service reliability.


At P900 per month of subscrip-


tion for 512 kilobytes per second (kbps) minimum connection speed, the service reliability should be 80 percent. At P1,000 a month for 512 kbps, the service reliability should be 85 percent. The regulator also said that the broadband service providers should specify the minimum broadband connection speed and service reliability, as well as


the service rates in their advertisements, flyers, bro- chures and service and legal agreements. Gamaliel Cordoba, NTC commis-


sioner, said the agency expects to issue the order next week. The guidelines on broadband speed will address the concern raised by the Department of Trade and Industry about the poor broadband service of telcos, he said. Data from the NTC showed


that complaints lodged against telcos reached 622 in the first nine months of the year. Of the total, more than half pertained to poor Internet connections. Other consumer complaints ranged from erroneous billing to poor service, vanishing pre- paid load credits, e-load issues, and misleading promos. Data also showed that the


country’s broadband subscribers stood at 3.6 million last year, up by 102.81 percent from 1.77 million in 2008. The NTC projected broadband subscribers to grow by three digits in the next two to three years. DARWIN G. AMOJELAR


business inbrief


the private holding company of property magnate Andrew Gotianun, has a 76.70-percent stake in Filinvest, equivalent to 5.76 billion shares.


The company also amended its Articles of Incorporation, increas- ing its authorized capital stock from P10 billion to P17 billion, comprising of 5 billion common shares and 2 billion preferred shares at a par value of P1 per share. Filinvest shares rose from P4.90 on Monday to P4.92 each on Tuesday.


■ THE government has rejected all the “throw away” bids for the five-year Treasury bonds on Tuesday as investors were only participating for compliance. Buyers were asking for an interest rate of 4.873 percent, or 24 basis points higher than the previous as tenders reached P8.695 billion. KATRINA MENNEN A. VALDEZ


■ SAN Miguel Pure Foods Co. Inc. said its board of directors has approved the public offering of up to 25 million new preferred shares with the issue price, dividend rate, payment and other terms still to be determined by management. Parent firm, San Miguel Corp., would list on Wednesday P65.49-billion worth of preferred shares, covering 873.17 million series 1 preferred shares with a par value of P5 per share. KRISTA ANGELA M. MONTEALEGRE


■ The Visayas operations of the Wholesale Electricity Spot Market will start on December 26 after the Energy department and the Philippine Electricity Market Corp. have ironed out issues pertaining to the market’s run. The DOE said they would be launching Visayas WESM on December 14. EUAN PAULO C. AÑONUEVO


■ JOLLIVILLE Holdings Corp. said its water unit, Calapan Ventures Inc., plans to sell 42.16 million common shares at an indicative offer price range of P3 to P4 for the first time through the stock market. This would enable the company to raise as much as P168.64 million, which would be used for the utility’s expansion. KRISTA ANGELA M. MONTEALEGRE


Republic of the Philippines City of Valenzuela


Office of the City Treasurer 2nd Publication- December 8, 2010 NOTICE OF SALE OF DELINQUENT REAL PROPERTY


By virtue of the provision of Section 260 of Local Government Code (RA 7160) the undersigned will sell at public auction on December 15, 2010 at 10:00 a.m. at the Board room 3rd flr Executive bldg Mc Arthur Hi-way Karuhatan Valenzuela City the real property herein below specified which is hereby certified to be delinquent in the payment of the real property taxes, penalties and cost due thereon.


No. Declared Owner


1 Alvos, Herminia 2 Dela Cruz, Jaime 3 Francisco, Eugenio 4 Esguerra, Eduardo


5 Esguerra, Eduardo m/to Francisca Esguerra


6 Macta Realty Corp. 7 Padrinao, Penafrancia D. m/to Enrico Ang


8 Bautista, Ligaya E. 9 Bautista, Ligaya E. 10 Cuisia, Luis M. m/ 11 Galguierra, Elisa


Coloong Val City Felo Subd Rincon Val City


37 Int., Rincon St., Malinta Val City Fredel cpd., Ilang ilang st., Caruhatan Val City


Fredel cpd., Ilang ilang st., Caruhatan Val City


23 Tadeo St., Caruhatan Val City Padrigal St., Karuhatan Val City


to Teresita R. Cuisia


12 Macta Realty Corp. 13 Macta Realty Corp. 14 Mercado, Manuel J.


15 Toralba, Gavino m/to Corazon San Juan


16 Darlucio, Darius & Marife Darlucio


17 Matus, Gabriel, 18 Peroxide Phil. Corp


19 Peroxide Phil. Corp 20 Peroxide Phil. Corp


Severino Matus et al


5060 Avocado St., Bernardino Homes Gen T de Leon Val MM 5060 Avocado St., Bernardino Homes Gen T de Leon Val MM 049 Rd I St., Diam St., T de Leon Val City Caruhatan Val City


23 Tadeo St., Caruhatan Val City 23 Tadeo St., Caruhatan Val City 633 Magnolia St., Santolan Rd Gen T de Leon Val City 8-C Faustino St., Manotok Subd Marulas Val MM 31 Sabino Alley Maysan Val City


Malabo Val City Maysan Val MM


Maysan Val MM Maysan Val MM


21 Benero, David m/to Andrea Ildefonso 093 M. Francisco Lingunan Val City 22 Dalag, Pablo & Eulalia Dalag 23 Mercado, Pascual m/to Ricarda F. Mercado


J. Santiago St., Malanday Val City 1276 Mangga St., Christ the King Subd Bgbaguin Val MM


24 Bustos, Carmen Tongol


25 Caco, Edilberto m/Matea Caco 26 Genete, Leandroto 27 Tangalin, Antonina & Rolin C. Tangalin


Prepared by:


MERCEDES D. MARTIN CLERK IV


Approved By:


ADELIA E. SORIANO ICO-City Treasurer


MT – Dec. 8, 2010 4 Serrano St., Serrano Subd Marulas Val MM ADDRESS


TAX DEC. NO. C009-02576


C012-00764 C016-012128 C017-06132


C017-01714 C017-012870


C017-010595 C018-017549 C018-019004 C018-011810 C018-03575


C018-020607 C018-020606 C018-011823


C018-08404 C019-06110 C019-01316 C019-02321


C019-02322 C019-02323 C021-02964 C022-00714 C027-02883


58 Justicia St., Don Pedro Vill Marulas Val MM C031-011330 48 Felisa St., Serrano Subd Marulas Val City 16 Sampaguita St., Pacweld Vill Marulas Val City


C031-012513 C031-011001


C031-017009


CERTIFIED LIST OF DELINQUENT REAL PROPERTIES FOR PUBLIC AUCTION Public Auction- December 15, 2010


PATALASTAS TUNGKOL SA PAG SUSUBASTA SA ARI-ARIANG DI NATITINAG NA AMOROSO SA BUWIS


Alinsunod sa itinadhana ng Section 260 Local Government Tax Code (RA7160) ang nakalagda sa ibaba ay magsusubasta sa publiko sa ika-15 ng Disyembre, 2010 sa ganap na ika-10 ng umaga sa Board Rm. Rm. 3rd Flr Executive Bldg. Mc Arthur Hi- way Karuhatan Valenzuela City ng mga ari-ariang binabanggit sa ibaba na napatunayan na hindi bayad upang mabayaran ang amorosong buwis, multa at halaga ng pagsusubasta.


LOCATION Coloong


Rincon Malinta


Caruhatan Caruhatan Caruhatan


Caruhatan


Gen T de Leon Gen T de Leon Gen T de Leon Gen T de Leon


Gen T de Leon Gen T de Leon Gen T de Leon


Gen T de Leon Maysan Maysan Maysan


Maysan Maysan


Lingunan Canumay


Bagbaguin Marulas


Marulas Marulas Marulas


DELIQUENT YEARS


2004-2010


1985-2010 Whse 1998-2010 2003-2010


2003-2010 2006-2010


2002-2010


Res Hse Res Hse


Res hse Res Lot Ofc Bldg


Res Hse


2001 2nd-2010 Res Lot 2000-2010 2001-2010 1983-2010


2003-2010 2005-2010 1999-2010


1995-2010 2005-2010


Res Hse Res Hse Res Lot


Res Hse Res Hse Res Hse


Res Lot Res Hse


2000 3rd-2010 Res Lot 1979-2010


1979-2010 1979-2010 1998-2010 1985-2010


2002-2010 KIND


imp imp imp imp


T-1026671 imp


imp


V-51168 imp imp


T-168837 imp imp imp


T-132295 imp


T-102994


Compressed Gas Plant imp Peroxide Plant


2004 4th-2010 Res Hse 1998-2010


2002 4th-2010 Res Lot 2002 3rd-2010 Res Hse


Verified by: MARIA LUISA M. DENILLA Local Treasury Operations Officer IV


B.M.P. Bldg. Hse/Ghse Boiler Res Hse Riceland


imp imp


untitled imp


Res Hse Res Hse


imp imp


T-141885 imp


TCT. AREA


151.25 222.75 47.68 54.00


182.00 32.00


104.48 167.00 94.92 52.50


1,698.00 42.00 42.00 42.00


180.00 52.52


402.00 336.00


1,974.00 2,241.00 37.50


12,845.00 52.70


154.80 63.92


210.00 117.49


Tax delinquency as of December 90,592.22 46,780.24 8,445.50 6,432.16


5,639.00 11,826.50


22,855.44 6,380.62 91,586.24 8,338.50 84,884.44


6,852.52 5,026.60 9,000.32


10,852.72 13,824.50 11,069.60 276,880.80


5,573,503.64 1,033,914.70 8,388.90 69,225.96 12,604.74


59,737.74 19,695.36 6,723.36 46,523.50


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