00:00So, there is a business, but there is no declaration. Is that right?
00:04That's the one that is in Salen.
00:06Okay. I'll zero in on the 2007 Salen, where those businesses that you've mentioned were already existing.
00:16The question is, Madam Witness, is there a declaration, or sorry, what is the declared acquisition cost or declaration of
00:26these businesses, if there is?
00:31Wala pong din-declare si BP, Sara.
00:33Okay. Salamat po. I'm sorry.
00:35So, meron pong negosyo, pero walang declaradong puhunan. Tama po ba?
00:39Yun po yung nasa Salen.
00:41Alright. Sige po. Let's proceed now to 2010 to 2012.
00:46And for context, Madam Witness, this is the time where the Vice President was elected as City Mayor of Davao
00:54City.
00:54And I think this is her first term as City Mayor of Davao City.
00:58Now, briefly, Madam Witness, kindly go over those documents and tell us what are the business interests or negosyo that
01:11were declared in those three salens during the first term of the Vice President as Mayor of Davao City.
01:28Para po sa 2010 salen ng ating Vice President, naka-declared po yung Davao Emerging Taipan Corporation, Davao Bounty Times
01:37Food Corporation, City Hall King Chow Foods Corporation, SGT Fortune Horse Corporation, at CYKT Incorporated.
01:47Para po sa 2011, Davao Emerging Taipan Corporation, Davao Emerging Taipan Corporation, Davao Bounty Times Food Corporation, City Hall King
01:57Chow Foods Corporation, SGT Fortune Horse Corporation, CYKT Incorporated, at ang Celta Matiem Salon.
02:06Celta Matiem Salon. Okay. Proceed for 2012.
02:09For 2012 po, ito po yung Davao Emerging Taipan Corporation, Davao Bounty Times Food Corporation, City Hall King Chow Foods
02:18Corporation, SGT Fortune Horse Corporation, CYKT Incorporated, 3Kids Incorporated, at Celta Matiem Salon.
02:28Okay. Salamat po. But just to be fair to the Vice President, doon po sa 2011, may nabanggit kayong nadagdag
02:35na Martiem Salon.
02:39Who owns this, Madam Witness, if you know?
02:42Incompetent, Your Honor.
02:43It's stated in the document, Your Honor.
02:44If you know, it's counsel.
02:46Attorney Batu, you may answer if you know.
02:49Ang nakalagay po dito sa salen, ang pangalan po ay Manassas R. Carpio.
02:54Okay. So, just to be fair to the Vice President, yung Salon, hindi naman kay Vice President, kay Atty. Carpio
02:59yung Salon na yun.
03:00Nakalagay po dito, sole proprietor po.
03:03Okay. Thank you.
03:05Sige. Doon naman sa salen, sa nabanggit nyo, ano naman po yung shares of stocks, kung meron man, na dineklara
03:14ng Vice President in relation to those properties or business interests?
03:35For the record, Your Honor, the witness is intentively perusing the documents, Your Honor.
03:56Sa tatlong salens po, wala pong dineklar si BP, Sarah.
04:01At ano naman po yung dineklarang acquisition cost or puhunan?
04:05Nung mga negosyong ito, medyo marami-rami rin na rin po, ano po yung dineklarang puhunan ng Vice President sa
04:12mga negosyo na ito, kung meron man?
04:14Base po dito sa tatlong salens, wala pong naka-declare na acquisition cost.
04:18So, similarly, may negosyo, pero walang puhunan.
04:22Okay.
04:23At base po sa salen, nung 2024 at 2025, ano po yung shares of stocks na dineklara ng ating Vice
04:36President in relation to the companies that you just mentioned?
04:56Based on the 2024 and 2025 salen, wala pong naka-declare na shares of stocks.
05:03Sige po. At magkano po yung puhunan, kung meron man, na dineklara ng ating Vice President para doon sa various
05:10business interests na meron siya?
05:13Before that, Your Honor, with the indulgence of this court.
05:16Yes, Attorney Justin.
05:17We will have to object to these lines of questioning, particularly on the word puhunan, Your Honor, as the council
05:22has been misleading,
05:24as he has been making it seem that puhunan is equivalent to acquisition cost, Your Honor.
05:30We just like to clarify for the record that puhunan is capital, Your Honor, and not capital investment and not
05:36acquisition cost, Your Honor.
05:39Julie noted, and the Chair agrees with the distinction.
05:42Ibang puhunan sa acquisition cost.
05:47And another one, Your Honor.
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