Jollibee, Mang Inasal bosses file P1.16 B IPO

Jollibee, Mang Inasal 
bosses file P1.16 B IPO

The founders of Jollibee and Mang Inasal are taking their property partnership public, reported the ABS-CBNnews.
Here's the complete report (http://www.abs-cbnnews.com/business/01/31/14/jollibee-mang-inasal-founders-take-doubledragon-public):
DoubleDragon Properties, which is owned by Jollibee chairman Tony Tan Caktiong and Mang Inasal founder Edgar "Injap" Sia II, has filed its application for a P1.16 billion initial public offering (IPO) with the Securities and Exchange Commission.
That would be one-fourth of DoubleDragon, giving the company a total value of P4.5 billion.
"We are all excited because this is my first listing, and the second listing of the Tan family. The last listing of the Tan family was 21 years ago, when they listed Jollibee at P9 per share," said Sia, who is chairman of DoubleDragon.
Tan Caktiong and Sia became partners after Jollibee bought Mang Inasal in 2010.
For its IPO, DoubleDragon is offering for subscription up to 579.73 million primary offer shares, up to P2 per share.
DoubleDragon said it will use the money for its residential, commercial and mixed-use real estate developments.
The bulk of the proceeds will go to its flagship project, CityMall, which is envisioned to be a chain of community malls around the country.
A CityMall will have a floor area of approximately 5,000-10,000 square meters, and located mostly in Visayas and Mindanao. It will have a food court (which will feature Jollibee, Mang Inasal, Chowking, Highlandas Coffee, Red Ribbon and Greenwich), retail shops and a supermarket.
Double Dragon said it aims to roll out 100 City Mall community malls by 2020.
The first City Mall is expected to be located in Roxas City, where Double Dragon has recently acquired a 12,654 square meter commercial land in Arnaldo Boulevard.
Aside from the community mall chain, Double Dragon is also planning to complete three office towers in the next six years in business districts in Metro Manila. The office buildings will be leased out to corporate and BPO tenants.
In 2013, Double Dragon posted a P170.48 million consolidated net income before tax, 29% higher than the P132.03 million in 2012. The company's net income after tax in 2013 stood at P126.63 million, 37% higher than the P92.48 million in 2012.

Landfills would have protected Calajunan from toxic gas horror

Landfills would have protected 
Calajunan from toxic gas horror

"The environment is everything that isn't me."
ALBERT EINSTEIN

By Alex P. Vidal

The fire at the Calajunan dumpsite in Mandurriao district, Iloilo City, now on its fifth day, has become an environmental fiasco after experts confirmed that aside from thick smog that descended on villages, toxic gases such as carbon monoxide were generated from the burning trash thus endangering the health of more than 10,000 residents in some 900 households in the area. The poisonous fumes have also affected nearby towns.
Classes have already been suspended in the following schools: Yusay Elementary School, Sto. Nino Elementary School, Arevalo Elementary, Severo Abeto Elementary School, and Ramon Avancena High School.
The blaze that spread to about 1.5 hectares of the 23-hectare dump since Monday noon could spread further if not contained immediately, according to Bureau of Fire Protection chief, Supt. Jerry Candido.
The cause of fire was not immediately known but firefighters were working double time to control the conflagration as of press time to prevent more harm on environment and health of residents.

CONCLUDE

Although it's too premature to conclude if it was intentional or not, the damage inflicted on the people's health and environment was already in horrific degree, to say the least.
Since it was a dumpsite, the catastrophe would have been prevented had provisions on the development of sanitary landfill sites in the Republic Act 9003 or Ecological Solid Waste Management Act of 2000, was developed and operated as a final disposal site for solid and residual wastes. 
The law does not allow open dump sites as final disposal sites.
If an open dump site is existing within the city or municipality, the law says, the plan shall make provisions for its closure or eventual phase out within the period specified under the framework and pursuant to the provisions. 

ALTERNATIVE

"As an alternative, sanitary landfill sites shall be developed and operated as a final disposal site for solid and, eventually, residual wastes of a municipality or city or a cluster of municipality and/or cities. Sanitary landfills shall be designed and operated in accordance with the guidelines set under Secs. 40 and 41 of this Act," says the law.
Republic Act 9003 is "An Act providing for an Ecological Solid Waste Management Program, creating the necessary institutional mechanisms and incentives, declaring certain acts prohibited and providing penalties, appropriating funds therefor, and for other purposes."
It was enacted into law on January 26, 2001.
The law has plans to identify existing and proposed disposal sites and waste management facilities in the city or municipality or in other areas. 
The plan shall also specify the strategies for the efficient disposal of waste through existing disposal facilities and the identification of prospective sites for future use. 

SELECTION

The law states that "the selection and development of disposal sites shall be made on the basis of internationally accepted standards and on the guidelines set in Sec. 41 and 42 of the Act."
It further states that "strategies shall be included to improve existing sites to reduce adverse impact on health and the environment, and to extent life span and capacity. The plan shall clearly define projections for future disposal site requirements and the estimated cost for these efforts."
In its general provisions, it declared a state policy to adopt a systematic, comprehensive and ecological solid waste management program "to ensure the protection of the public health and environment and utilize environmentally-sound methods that maximize the utilization of valuable resources and encourage resource conservation and recovery," among other declaration of policies.

Probe abuses against OFWs, child porno, not mauling of comedian

Probe abuses against OFWs, child 
porno, not mauling of comedian 

"You can't move so fast that you try to change the mores faster than people can accept it. That doesn't mean you do nothing, but it means that you do the things that need to be done according to priority." ELEANOR ROOSEVELT 

By Alex P. Vidal

We became a laughing stock of the world in 2009 when we wasted taxpayers' money and time in the senate hearing that tackled the case of the lover of a famous female cosmetics surgeon and several showbiz girls and models which became known as the "Hayden Kho video sex scandal."
Aside from being romantically linked to the celebrity lady surgeon, nothing can be said to justify the misuse of public funds for the senate inquiry involving Kho, a private medical practitioner; henceforth, there was no logical reason why taxpayers money should be wasted.
A sex scandal involving a private person and his conquests who were all adults was far from being a national concern. It's mind-boggling how the sex ruckus was allowed to be tackled in the august halls over other urgent national issues while most people couldn't make both ends meet and were wallowing in abject poverty and lack of opportunities.

SECURITY

The issue did not threaten national security; it did not involve the welfare of the nation; it was not about classroom, water and rice shortage, massive graft and corruption, economic and political stability, health and environmental problems. Yet, the sex scandal inquiry authored by Sen. Bong Revilla pushed through. This explains the kind of mentality and quality of senators we elected.
And now, there is a possibility that the senate hearing zarzuela will be repeated again. Senator Jinggoy Estrada, Revilla's former showbiz colleague and co-accused in a plunder case filed by the Office of the Ombudsman in relation to the multi-billion pesos "pork barrel" scam, is poised to calling for a senate inquiry into the mauling incident involving his comedian "best friend" Vhong Navarro.
Aside from being Estrada's "best friend" and a known sitcom mainstay and noontime TV show host, Navarro has no significant contribution or involvement in government or public service for that matter that will justify why his mauling should be given importance over other more pressing national issues.

ELECTED

In a nation where public servants are easily elected into office based on popularity and name-recall, it isn't far-fetched for the now famous Navarro to join his former showbiz ilk in government via electoral process once he decides to enter politics given our defective electoral system.
But the real cacophony is not only about scoundrels joining the government, but the excessive and blatant misuse of public funds and government time for useless and unproductive public hearings both in the lower and upper chambers of the House which were only always used in aid of pogi points for grandstanding politicians.
These unnecessary senate and congressional inquiries, which are myopic priorities, also send a wrong signal to the young generation. Intelligent citizens hooked on social media have become sophisticated and incandescent; and are now the force to reckon with in molding public opinion. Our elected officials should now zero in on the plight of our OFWs in Malaysia and other countries in the Middle East who are being abused, harassed and murdered. Foreign and local pedophiles have forged an alliance to perpetuate child pornography via internet as recently reported. Graft and corruption, rice smuggling, arrival of powerful drug cartels in the country, oil spill, power and gas hike, among other critical issues.

Are buildings in Iloilo's Chinatown fire hazards?

Are buildings in Iloilo's 
Chinatown fire hazards?

By Alex P. Vidal

As an elementary pupil at the Iloilo Central Commercial High School (now Hua Siong College) in the 70s, I witnessed how families of my Filipino-Chinese classmates suffered when their business establishments, which also served as their residences, were gobbled up by fires in downtown, City Proper.
Some of the biggest fires that razed antic buildings built way back during the Spanish and Japanese period happened in the 70s and 80s. In the early 80s, I witnessed how a female occupant was trapped to death in the upper floor of the burning Sambo Bazaar on J.M. Basa St. Firemen and rescue teams watched in horror as the victim tried in vain to remove the grills on the window until she was burned alive.   
Some Filipino-Chinese families have businesses--groceries, shoes, kitchen products, toys, ready to wear items, hardware, among other goods--in the heart of Calle Real for more than 100 years now. Everything that the Ilonggo shoppers needed, Calle Real stores provided. Even original cinemas were located mostly in Calle Real. The emergence of big malls slowed down shopping activities in the area. Moviegoers have also shied away and are now patronizing the more modern and sophisticated theaters in big malls.

TRIANGLE

The fire that gutted several business establishments on Iznart St. last Friday night (January 24) was in the area called "triangle" where some of the oldest stores in the Chinatown were located.
Some of my Filipino-Chinese classmates and friends who own stores in that area admitted they were constantly on alert and always ready to pack up in case of fire. "Faulty electrical wiring" was always blamed to be the cause of fires in this area.
Some of the recently refurbished buildings are fire hazards and actually need total repair and should have been abandoned a long time ago.  

ORDINANCE

During the time of Mayor Mansueto Malabor, the city council passed an ordinance sponsored by Councilor Jose Junio Jacela and now Rep. Jerry Trenas to preserve buildings that are 80 years old. 
Meaning that these old buildings can not be condemned and will only be rehabilitated to preserve their historical values.
It's time for the Bureau of Fire Protection to make a thorough check of all buildings--old and new--in the Chinatown area to ensure that they are not fire hazards and their occupants comply with the building code.

'We thought Tonyol was dead; we had no money"

RODULFO "TONYOL" CAASI JR. (Photo by Sharmane P. Vidal)

By Alex P. Vidal

Poverty drove the family of Rodulfo "Tonyol" Caasi Jr., 27, to release him from hospital and bring him to the funeral parlor thinking he was already dead.
"We had no money to sustain his hospital bills and our daily expenses," lamented his mother, Elizabeth, 51. "We had no one to turn to and we were very much confused at that time."
Elizabeth and daughter, Lilibeth, 30, thought Caasi, who had been in state of camatose, was dead -- or had no more chance to survive. They convinced doctors at the West Visayas State University Medical Center (WVSUMC) in Jaro, Iloilo City to remove him from life support system and brought the body to Sumagpao Funeral Homes in Sta. Barbara, Iloilo last January 6. 

EMBALM

Caasi was about to be embalmed at the Sumagpao Funeral Homes in Sta. Barbara, Iloilo when funeral owner, Angel Sumagpao, heard him gasping for his breath.
He was rushed to the Western Visayas Medical Center (WVMC) in Mandurriao, Iloilo City and is now breathing through a respiratory apparatus.
"Now that he is alive, we want him back in our house to be with us permanently," requested Elizabeth, 51. "I was the happiest person when I learned that Tonyol was alive. I thank God for giving him back to us."
Caasi's family lives in Brgy. Taloc Baybay, Bago City, Negros Occidental. Elizabeth's husband, Caasi Sr., is a fisherman. Caasi Jr., single, is the third in nine children.

Caasi's mother, Elizabeth, talks to Alex P. Vidal

DELIVERY

A delivery boy of Jollibee, Caasi lost consciousness  when his motorcycle bumped a road construction stockpile on his way back to Iloilo City from Pototan, Iloilo. He incurred wounds at the back of the head.
"He is the only bread winner in the family," Elizabeth sobbed. Lilibeth, also single, said her income as sewer in Cavite, Metro Manila, is not enough to sustain their expenses. She left her job since December to attend to Caasi.
Elizabeth brought her two other daughters, Evelyn, 21; and Clarizza, 13, to help her watch Caasi in the hospital.

HELP

"We desperately need help," teary-eyed Elizabeth appealed. "The respirator alone costs us P600 a day. We have no enough money for our daily foods and other expenses. We have nobody to turn to because we are strangers here."
Caasi can open only his right eye. Lilibeth said she believed her brother could understand and hear everything they said even if he could not talk. His nose is attached to a machine.  
Caasi is under the care of Dr. Melinda Pechayco.

Mauricio Sulaiman, right man to succeed Don Jose as WBC president

Mauricio Sulaiman, right man to 
succeed Don Jose as WBC president 

"Effective leadership is not about making speeches or being liked; leadership is defined by results not attributes." PETER DRUCKER 

MAURICIO SULAIMAN AND ALEX P. VIDAL IN MEXICO CITY

By Alex P. Vidal

I exhort all my friends and colleagues in the world boxing fraternity to support Mauricio Sulaiman as the next president of the World Boxing Council (WBC). I am making a personal endorsement of Mauricio, knowing him as a truly competent, dedicated and sincere person both as a boxing leader and son of the late and highly-regarded Don Jose Sulaiman Chagnon.  
Most of us know that Don Jose had tremendous trust and confidence on his son, who, as secretary general, is actually his right hand in running the affairs of the biggest professional boxing organization in the world with headquarters in Mexico City. If Miguel de Cervantes Saavedra's  Don Quixote had Sancho Panza, Don Jose had Mauricio.
Like King Philip II of Macedon, who wanted his son, Alexander the Great, to succeed him in his throne, Don Pepe had seen the potentials of Mauricio to lead the WBC in the future ever since Mauricio officially joined the WBC family in 1992 as public relations director.

RENAISSANCE

"With Mauricio around, I can see the renaissance of the WBC in this millennium," Don Jose said during a one-on-one exclusive interview with this writer in Mexico City in 2008. "His heart is in boxing and he gets along very well with everyone involved in this sport."
Joseph Patrick "Joe" Kennedy Sr. saw his dreams dashed to pieces when his favorite son, Joseph Jr., was killed in a naval airplane crash in 1944, but was rewarded by God when his other son, John Fitzgerald or JFK, became president of the United States in 1961.
Don Jose's dream was not only to ensure that the WBC will continue to expand and reach out with promoters and boxers in the four corners of the globe, but to see to it that the WBC is safe and sound under the able leadership of Mauricio even if on some occasions, he expressed reservations of his son taking over the helm of the organization as he did not want Mauricio to be victimized by intrigues and attacks mostly from American press.

PROTEST

The elder Sulaiman had protested the "hurtful" and "humiliating" attacks he suffered from writers mostly in the United States over the way he managed the ruled the organization.
Don Jose had lamented that during his 36 years as WBC president, he's been "the victim of tremendous of public scrutiny by boxing and sports media outlets who based their reports on innuendo and insufficient data," he told writer Richard Powell.
 Don Jose, however, remarked in the same interview: "Mauricio, my son, is the one who decided to help me in the WBC and without his efforts and his work, it would not be possible for me to do what we are doing now. Mauricio would do a fantastic job (as president). Better than me!"
Like his father, Mauricio treats people in boxing like his extended family. He deals with them equally and does not discriminate them whether they are Asians, Africans, Europeans, Latinos or Americans.

REMEMBERS

Mauricio also remembers faces wherever he goes and lends his time to chat with them even for a few minutes. When he spotted me during the WBO welterweight tussle between Manny Pacquiao and Miguel Angel Cotto at the MGM Grand in Las Vegas in 2011, he stopped and gave me some boxing memorabilia for souvenir. He was there to represent the WBC which awarded Pacquiao diamond belt.
In all the boxing promotions, conventions and other related activities that we attended, Mauricio was a regular acquaintance, accompanying Don Jose and helping push the wheelchair of the immortal WBC chieftain.
When Texas-based Dr. Allan Recto and I went to visit Don Jose in Mexico City in July 2008, Mauricio was our gracious host; he awarded this writer with a WBC silver medal in the WBC headquarters. Despite their not-so-pleasant experiences with the press, Sulaiman father and son have high regards for journalists.  
We expect the WBC Board of Governors and all the prominent personalities -- promoters, boxers, managers, trainers, writers -- to throw their strong support behind Mauricio Sulaiman as the next WBC president.

Adios, Don Jose Sulaiman!

Adios, Don Jose Sulaiman!

“All the misery of the world is nothing next to a farewell.” DANIEL BALAVOINE

By Alex P. Vidal

When Don Jose Sulaiman ascended as president of the World Boxing Council (WBC) in 1975, the biggest and the greatest ever world heavyweight championship match in history unfolded in the Philippines known as "Thrilla in Manila" with Muhammad Ali emerging victorious after 11th round via technical knockout (TKO) over Joe Frazier.
Since then, Sulaiman never relinquished the presidency of the Mexico-based world boxing body until his death due to heart ailment last January 16 at the UCLA Medical Center in Los Angeles, California.
A Mexican of Lebanese descent, Sulaiman, 82, was scheduled for cremation on January 19, Sunday, and a Monday Mass was to be offered in his honor at the iconic Basilica of Guadalupe in Mexico City.

WISH

Before he died, Sulaiman's wish was granted. This was to see the WBC belt once again strapped around the waste of Manny Pacquiao, whom he considered to be "the best boxer in history next to Muhammad Ali."
This happened on November 13, 2010 in Arlington, Texas when Pacquiao annexed the WBC light middleweight title via 12-round unanimous decision over Antonio Margarito. 
In my one-on-one exclusive interview with Sulaiman inside Polanco, his favorite restaurant in Mexico City shortly after Pacquiao demolished David Diaz via 9th round TKO for WBC lightweight belt in Las Vegas on June 28, 2008, Sulaiman expressed sadness that Pacquiao would leave the WBC and embrace the rival WBO.

FIRST

"Pacquiao is with the WBC ever since he won his first world crown (via 8th round KO of Chatchai Sasakul in Thailand on December 4, 1998) and I want him to continue fighting with the WBC," Sulaiman said.
After humiliating Oscar De La Hoya via 8th round TKO in Las Vegas on December 6, 2008, Pacquiao fought for rival IBO light welterweight title and obliterated Ricky Hatton in two rounds in Las Vegas on May 2, 2009.
From IBO, Pacquiao went to the WBO where he destroyed Angel Miguel Cotto (TKO 12) on Nov.14, 2009 and Joshua Clottey (UD 12) on March 13, 2010 in welterweight rumbles.
Then came Pacquaio's comeback fight under the WBC against Margarito where Sulaiman flew all the way from Mexico to act as supervisor.

HAPPIEST

"I'm the happiest person in the world because Pacquiao is once again with the WBC," beamed the wheelchair-bound Sulaiman, who was born on May 30, 1931 in Ciudad Victoria, Mexico to immigrant parents from Lebanon.
For unknown reason, Pacquiao, however, discarded anew the biggest and most prestigious boxing body in the world and fought his last five fights under the WBO: Shane Mosley (UD 12), Juan Manuel Marquez III (majority decision 12), Timothy Bradley (lost, split decision 12), Juan Manuel Marquez IV (lost, KO 6), and Brandon Rios (UD 12).

TENACIOUS

"Was Jose Sulaiman tenacious? You bet," boxing analyst Bob Newman remarked. "Dedicated to the sport he loved? Without a doubt. Was he unconventional? Perhaps. Then again, what is conventional in the irregularly regulated sport of boxing? There are so many contradictory rules and disagreements in this sport, who is to say who’s right and who’s wrong? In keeping with the theme song that accompanied slideshows at the annual conventions, he did it his way. As he often did during the portion of the WBC convention where members of boxing’s fraternity were remembered, we now sound the bell for a count of ten in remembering and paying respect to him."
Sulaiman, who was the longest president in any world sports body according to the Guinness Book of Records, is survived by his six children- Jose, Lucy, Hector, Fernando, Mauricio and Claudia and his loving wife of over fifty years Martha.