Arellano and Valencia scored four points each in the one day five-round event organized by the Active Chess Center of Asia Inc. (ACCA) with the support of Belgosa Media Systems and Land Bank.
Other results in the Elite section saw Noel Garcia and Tyrone Guya of Nippon Life sharing third-fourth places with identical three points. Alone at fifth was dentist Alfredo Paez with 2.5 points.
Elsewhere in the Classic section, a triple tie for second ensued among Rey Reyes, Abraham Dalagan and Ramil Acosta with four points each. Bunched at fifth-eighth spots with 3.5 points apiece were Richard Villaseran, Rolando Gangozo, Raul Villate and Renier Ternura.
Also figuring prominently in the Classic section with three points each were Salvador Tardecilla, Benizon Tan, Alejandro Depano, Jovanny Chua and Armel Abucejo.
The fourth leg will be held on June 28. Executives and professionals who wish to be invited to the tournament, call up ACCA at tel. 892-8759.