Problems Plague the Lucio Tan Camp

Naperwisyo ang mga pasahero ng Air Philippines Express na uuwi ng probinsiya para sa Undas. Nakansela kasi ang kanilang biyahe matapos magkulang ng piloto ang airline. Nagpa-Patrol, Apples Jalandoni. TV Patrol, Linggo, Oktubre 31, 2010.

Tanduay plant ordered shut down after fire

By Maricar Cinco
Philippine Daily Inquirer
First Posted 16:18:00 10/28/2010
Filed Under: Economy and Business and Finance, Industrial accident, Fire, Fishing Industry

SAN PEDRO, Laguna, Philippines -- Authorities have ordered the "temporary shutdown" of Tanduay Distillers Inc.’s plant in Cabuyao, Laguna, following reports that its water discharges had triggered a fish kill in Laguna de Bay. The plant actually burned down last October 15.

The Laguna Lake Development Authority (LLDA) issued an ex-parte cease-and-desist order that was to have taken effect on Wednesday, saying "prima facie evidence exists that the waste water discharges from your distillery plant are of immediate threat to life, public health, safety, or welfare to animals or plant life, as it has indeed caused fish kill within the nearby Laguna de Bay."

"It’s actually two different orders. The cease-and-desist means the company should stop operations until the order is lifted, while the ex-parte means they have to present an explanation to us," said LLDA information officer Gerry Carandang in a telephone interview on Thursday.

He said a meeting was set between the lake authority and the company on November 2.

The fish kill in an area of the lake off Barangay Caingin, Sta. Rosa City, which is a neighbor to Cabuyao, occurred three days after a big fire razed Tanduay’s distillery in Barangay Sala on October 15.

The LLDA’s initial investigation found that "the fish kill incident is being attributed to the water discharges with alcoholic odor traced from the manhole of Tanduay Distillers Inc. plant… towards the outfall leading to Cabuyao river and down to the Laguna de Bay."

"We are still uncertain if the discharge was done on purpose or not," Carandang said, but the lake authority has also required the company to clean and rehabilitate the whole stretch of the lake tributary from Barangay Sala to the lake.

He said LLDA field personnel, who were supposed to conduct an inspection, were denied entry to the company’s premises on October 19.

On October 22, the investigators, although allowed to enter the compound, were not allowed to inspect the plant as it was "cordoned off" by the Bureau of Fire.

The Cabuyao Bureau of Fire has yet to conclude its investigation into the fire.

"At stake here are the company’s clearance (to operate) and discharge permit (issued by the LLDA)," Carandang said.

Tanduay Distillers Inc., located inside the compound of its sister company, the Asia Brewery Inc., has a permit that expires in 2012.

The Inquirer tried to seek comment from the company, but administrative staff Jona del Valle said no one in authority was available for an interview, since the liquor plant stopped its operations when the fire broke out.

Tanduay warehouses in Laguna catch fire
Posted at 10/15/2010 2:41 AM Updated as of 10/15/2010 5:57 PM

MANILA, Philippines - An alcoholic beverage maker’s 2 warehouses in Laguna province caught fire on Thursday night, authorities said.

The fire at the Tanduay Distillers warehouses in Cabuyao town started at 7:00 p.m. and was still raging as of posting, according to an ABS-CBN News crew deployed to the scene.

The warehouses are located inside a compound owned by Asia Brewery Inc., owned by Filipino-Chinese tycoon Lucio Tan.

There was no report of injuries.

The blaze began at a warehouse compounding area where alcohol used to produce beverages is stored, according to Cabuyao Fire Department officer Antonio Sobijanan.

The fire later spread, affecting another warehouse where processed beverages are stored.

Authorities said the blaze has been confined to a specific area and will no longer spread to other buildings in the compound.

Firefighters, however, are having a hard time putting out the blaze because of the tanks of alcohol inside 1 warehouse that caught fire.

At least 30 firetrucks responded at the scene. Firefighters used a flame retardant chemical to try to put out the blaze.

Arson investigators have yet to determine how the fire started. - with a report from Dominic Almelor, ABS-CBN News

Air Philippines lacks pilots, cancels flights - ABS CBN

Sino? Sino? Who?

Is a PNB Director who has been barred from meddling with PNB affairs due to possible involvement in fabricating Maid cases against a Taipan's brother.

Business with ‘balae’
October 18, 2010

IT is apparently not only taipan Lucio Tan and his eldest son Lucio "Bong" Tan Jr. whose relations are strained within the billionaire clan.

According to the grapevine, even the taipan’s balae and longtime business ally PBCom chairman Enrique Luy had been jolted by the taipan’s alleged threat to foreclose on Luy’s sprawling copra and real estate empire that finally impelled Luy to seek court rehabilitation and protection from creditors all the way in Zamboanga City.

But even before the petition for rehabilitation, Tan’s Philippine National Bank had already begun foreclosing on a number of real estate properties owned by Luy’s ICEC Land Corp. and Kimmee Realty.

According to the grapevine, the real estate mortgages were actually "accommodation loans" extended to the Luys that had long gone past due.

As to the Zamboanga court action, Regional Trial Court Judge Gregorio de la Peña III only issued the mandatory stay order against Luy’s creditors, and has not yet granted the prayed-for rehabilitation program as reported in this space on Monday.

In addition to Tan’s PNB and Allied Bank, Banco de Oro, Rizal Commercial Banking Corp., Development Bank of the Philippines, Bank of the Philippine Islands, Chinabank, EastWest, Unionbank, Robinsons Savings, Asia United and Sterling Bank also have exposures on Luy’s empire for a combined P8.1-billion liabilities, as against claimed Luy assets worth P9.79 billion.

Both PNB and Allied Bank have yet to file their respective comments on the Luy petitition, but if both Tan banks oppose the corporate rehabilitation plan, then business finally prevailed over family ties.

The three brokerage firms of the Luy family have been spared from taipan Lucio Tan’s foreclosure moves on his balae’s copra and real estate empire.

The brokerage firms apparently have two positive advantages: They are run as separate financial republics and, within the Tan-Luy clans, US-educated broker Edwin Luy, unlike his more famous father-inlaw, is known as having come from the RAM (Right-Away-Ma’am) school.

1 comment:

Anonymous said...

"Sino? Sino? Who?
Is a PNB Director who has been barred from meddling with PNB affairs due to possible involvement in fabricating Maid cases against a Taipan's brother."

Si Harry o si Domingo? Anyway, both are of the same stock. The only difference, Domingo is an in-law, non-legitimate, and a usurper!