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Issue No. 4, Volume III • July 4-10, 2011
Market Indicators AS OF 5:10 P.M., JULY 1, 2011 (Friday)
FOREX
PHISIX
US$1 = P43.49
4,351.63 points
; ; Briefly 0.05 cents
60.4 points
Fund for Mindanao
THE Department of Agriculture (DA) has earmarked multimillion-peso funds for various livelihood projects in Mindanao. The DA’s Mindanao Rural Development Program (DA-MRDP) has already disbursed a total of P234.96 million for its livelihood arm. Another P260.56 million was issued with Certificate of Availability of Funds (CAF) and is ready for download to beneficiaries, making the overall portfolio of the Community Fund for Agricultural Development (CFAD) to P495.51 million. Program director Lealyn A. Ramos, in her report to Agriculture Secretary Proceso J. Alcala, said the CFAD component spent the amount mostly in food-security interventions, community, managed livelihoods and small support infrastructure.
CebuPac cuts fares
BUDGET carrier Cebu Pacific, operated by listed airline Cebu Air, Inc., has temporarily slashed fares for several international and domestic flights scheduled from August to September. “This seat sale fare is up to 71% less than the lowest year-round fares,” Cebu Pacific said in a statement on Friday. Cebu Pacific said it is charging P999 for flights from Manila to Brunei and Ho Chi Minh for August to September. The same fee applies for flights from Clark to Bangkok. Passengers also have the option to purchase P199tickets for flights from Davao to Cagayan de Oro and those from Cebu to Davao. The carrier is also offering P499worth of seat for the Cebu to Dumaguete and Iloilo to Bacolod routes.
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Primavera Residences sets Grand Launch on July 5 By MIKE BAÑOS Correspondent
NORTHERN Mindanao’s first eco-friendly condominium kicks off its Grand Launch Tuesday, July 5, 2011 with a motorcade around Cagayan de Oro City and a Grand Launch and Blessing at its work site along Trade Street, Pueblo de Oro Business Park. “Primavera Residences
complements other green efforts in the Pueblo de Oro Township, including the 40-hectare Pueblo Urban Rainforest and the electric shuttles that would soon be serving Township residents, making Pueblo the benchmark for eco-friendly developments in Cagayan de Oro,” said Pueblo de Oro Vice President-General Manager Rodolfo L. Meñes. The opening rites would
immediately be followed by a trade exhibit at the same venue which will be open to the public. Primavera Residences is on track for completion by next year with 40% of its units already sold out. Expected completion date for its Tower A has been set for July 2012. “All 10 commercial units on the ground floor of Tower A have been sold out and we only have two residential units left available for the third PRIMAVERA/PAGE 6
PSALM wants to lower down universal charges T
HE Power Sector Assets and Liability Management (PSALM) Corp. has asked the Energy Regulatory Commission (ERC) for a lower and longer recovery period for universal charge (UC) imposed on electricity consumers. PSALM filed on June 28 with the Energy Regulatory Commission (ERC) its UC application for stranded debt (SD) and stranded contract costs (SCC) at P0.0313 per kilowatt-hour (kWh) and P0.3666/kWh, respectively. If approved, the UC will be an additional item in the electricity bill to be shouldered by consumers. PSALM also proposed to the ERC that the UC-SCC be recovered over 15 years, compared to the four-year
recovery period mandated in the ERC amended guidelines. The longer recovery period will bring down the UC-SCC to P0.06/kWh. PSALM President and chief executive Emmanuel Ledesma, Jr. said that despite the significant reduction in the UC filed this year compared to those in previous years, PSALM was still relentlessly finding ways to ease the impact of the UC to electricity consumers. PSALM/PAGE 9
Buk’n guv rejects RH bill, pushes natural method By ANN NOBLE Bukidnon Bureau Chief
MALAYBALAY City -Despite the national government’s strong stance on the passage of the proposed Reproductive Health Bill, the provincial government of Bukidnon is steadfast in pushing its own natural family planning (NFP) method. In a recent forum, Gov.
Alex Calingasan stressed his opposition to some provisions of the much debated RH Bill. He said he prefers and advocates the natural method of birth control. It was learned that the governor has mandated the provincial population development office to conduct massive information campaign the natural way BILL/PAGE 6
CQ LIFESTYLE CENTER Bldg, JR Borja, St., Cagayan de Oro City Tel No: 856-9001
This kid stands amid the rubbles of wood scraps in a charcoal factory looking for anything of value to help feed his family. President Noynoy Aquino has asked Congress to allot $45 billion budget intended to give more poor families cash handouts next year. photobymiocade
Davao residential property developer plans three sites By CARMELITO FRANCISCO Correspondent
DAVAO City -- Alsons Development and Investment Corp. is developing three residential communities in the city in the near term, an official said. The firm plans to have the lots ready immediately to ensure brisk sales and quick home construction of early buyers, Jolla Angelica A. So-
CAPISTRANO ST, CAGAYAN DE ORO CITY TEL NO.: 856-1660
riaga, the company’s business development unit manager, said without elaborating on project costs. The three projects are the expansion of the existing subdivision dubbed NorthCrest, a small upscale neighborhood to be called Wood Lane and a leisure development named Eden Ridge. The NorthCrest expan-
VAMENTA BVD, CARMEN CAGAYAN DE ORO CITY TEL NO. 858-1660
sion will add 578 lots with sizes ranging from 150-800 square meters. Lot prices are pegged at P8,800 to P9,900 per square meter. Aside from the usual amenities such as swimming pool and a children’s playground, the subdivision will also have retail spaces. Wood Lane lots, meanPLANS/PAGE 12
OSMEÑA ST. CAGAYAN DE ORO CITY TEL NO: 856-4019
Companies
2 July 4-10, 2011
BusinessWeek mindanao
Editor: Nelson Constantino
PAL ranks as No. 61 among Henry Sy’s SM buys stake world’s top airline companies in Atlas for $142-M
FLAG carrier Philippine Airlines (PAL) remains one of the world’s biggest carriers, ranking 61st in terms of number of passengers and total distance flown. Speaking before members of the Consular Corps of the Philippines, PAL President Jaime J. Bautista said that based on the World Airline Ranking compiled by Airline Business magazine, PAL ranked 61st with 17.8 billion Revenue Passenger Kilometers (RPK)—the international benchmark for measuring airline passenger traffic. PAL’s chief local competitor ranked 116th. As defined by the International Air Transport Association (IATA), the global association of commercial airlines, RPK is the number of passengers flown by an airline multiplied by the distance traveled by each passenger. Thus, IATA said, RPK measures “actual” passenger traffic. “RPK is a more accurate yardstick of passenger traffic because it takes into account the distance actually traveled…Passenger headcount does not reflect the true distance and value of the act of transporting
people,” IATA said. For fiscal year 20102011, PAL flew over 9 million passengers across a network of 46 international and domestic destinations, using a fleet of 36 longrange, wide-body as well as single-aisle jets. Of the total passengers carried, almost half or 4 million were foreign tourists— the most flown among all airlines that operate in the country, according to Bautista. “We carry between 40 percent and 50 percent of all foreign visitors arriving in the country every year,” he said. In the first quarter of 2011, PAL again dominated the international segment with 1.025 million passengers flown, the airline said
in a statement. Bautista also told the diplomats that aside from being the largest Philippine carrier, PAL pioneered the country’s commercial aviation industry. “PAL developed a number of virgin routes that have evolved into important business and tourism links ... PAL was the first airline to mount regular flights on these routes when the market was uncertain. After PAL built the market, other airlines jumped in,” he said. These routes include Manila to New Delhi, Vancouver, Las Vegas, Beijing, Busan (South Korea), Xiamen, Saigon, Nagoya, Fukuoka and Melbourne as well as Cebu-Tokyo, CebuSeoul and Kalibo-Taipei.
Congratulations to: on the GRAND OPENING of
SM Investments Corp., the holding firm of the country’s richest man, Henry Sy, announced Friday it will acquire a substantial stake in Atlas Consolidated Mining and Development Corp., marking its entry into the mining sector. SM Investments’ board has approved the purchase of 17.9% of the expanded outstanding capital of Atlas for $142.2 million. SM said the buy-in will allow it to take advantage of rising metal prices. “Atlas is one of the top 20 copper mining compa-
nies in the world. It is very well-positioned to take full advantage of its mine site’s significant resources to serve its major markets like China and Korea, which have a close proximity to the Philippines,” said SM president Harley Sy. “The price of copper, a base metal, has recovered very strongly in recent years and is expected to remain buoyant in the near future owing to the very strong demand from major Asian economies,” added SM executive vice president and chief finance officer Jose Sio.
Proceeds of the investment will be used by Atlas to buy out its Singapore-based partners in gold and copper subsidiary, Carmen Copper Corp., SM said. Atlas share, notes sale Atlas earlier said it was seeking to raise $390 million via a four-phase share and convertible notes issue to fund its takeover of Carmen Copper. The company plans to sell more than 700 million shares, about 33% of its fully diluted capital stock to buy 45.54% of BUYS/PAGE 13
FIBECO Joins the Local Government of Maramag in the celebration of its 55th Foundation Day
“MARAMAG @55; Soaring High” Onward as we jointly work together for a progressive and developed MARAMAG, HAPY FOUNDATION DAY!!
last July 1, 2011 at Gusa National Highway Cagayan de Oro City Greetings from:
Mr. Chi Sin Ang & Family
Maxs Restaurant and La Cabana Spa
Greetings from: FIBECO General Manager Renato S. Cortezano and Board President Ricarte E. Salapang Board of Directors, Management and Staff
BusinessWeek mindanao
Companies
July 4-10, 2011
Editor: Nelson Constantino
3
Puregold pursuing plans to expand in Visayas and Mindanao.
Puregold set to revive IPO plans to back expansion • Eyes outlets in Cagayan de Oro, Davao and General Santos cities FILIPINO-Chinese businessman Lucio Co’s grocery chain Puregold Price Club Inc. is pursuing its planned initial public offering (IPO) in the second half of the year. BDO Capital & Investment Corp., the domestic lead manager for the share sale, said Puregold prefers to hold the IPO this year but noted that everything would depend on market conditions. Puregold was supposed to debut on the local bourse last March but was forced to defer the move due to market volatility. The company is seeking to raise up to P11.2 billion from the IPO with the sale of up to 700 million common shares,
including a greenshoe option, at P16 each. The offer, which will account for 36% of Puregold’s outstanding stock after the IPO, consists of up to 500 million new shares and up to 200 million shares from selling shareholders. The company said it has an option to sell 100 million more shares depending on market demand. Proceeds will be used mainly for its store network expansion. HSBC Ltd. has been tapped as international lead manager. Puregold has gone fullblast on its expansion program with the construction of 35 new stores this year, 15 of which were slated to open
within the first half. Leveraging on the success of its retail and wholesale model, Puregold intends to establish presence in the largely underserved Visayas and Mindanao markets beginning 2012. Store openings are planned in Iloilo, Negros Occidental, Leyte and Cebu, as well as in Cagayan de Oro, Davao City and Gen. Santos City. As part of its expansion plan, the company has entered into a total of 20 leasing agreements for its new stores to be opened in 2011 in various parts of the Philippines. These new stores are expected to provide 73,058 square meters of additional net selling space.
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BusinessWeek mindanao
4 July 4-10, 2011 LOT FOR SALE
HOUSE FOR RENT
300 sq. mtrs. (Clean Title)
TILED FLOORS, ROOMS & CR w/
Located at Lourdes Ville NHA Lower Balulang, CDO 100 mtrs left side of Lourdes Grotto , Macale Cmpd. along the Road beside the water pump station, Contact:
BWM July 4
Thisisisto to inform inform our valued This our valued concessionaires concessionaires and the public in general and the public in general that the IMPLEMENTATION of the that the IMPLEMENTATION of the
JULY 01, 01, 2011 ononJULY 2011 SUSPENDED isis SUSPENDED untilfurther further notice. until notice.
Th ank You. Thank You. COWD M
09279518081 09497095292
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 25 Cagayan de Oro City
OFFICE OF THE PROVINCIAL SHERIFF
NOTICE OF EXTRA-JUDICIAL FORECLOSURE EJF File No. 2011-222 Upon Extra-judicial petition for sale under ACT 3135 as amended, filed by HOME DEVELOPMENT MUTUAL FUND or PAG-IBIG, Mortgagee, with office address at J.R. Borja Street, Cagayan de Oro City, against MARIA MENCIA C. BARRERO, mortgagor, with postal address at 01248 Paradise Street, Surigao City/#126-7th Streets, Nazareth, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of April 11, 2011, amounts to FOUR HUNDRED FIFTY SIX THOUSAND FIVE HUNDRED NINETY NINE PESOS & 58/100 ( P 456,799.58 ), as outstanding obligation, inclusive of interest and penalty charges, attorney’s fees equivalent to ten percent (10%) of the total indebtedness plus the foreclosure expenses, the undersigned or his duly authorized deputy will sell at public auction on July 13, 2011 at 10:00 a.m. or soon thereafter, at the main entrance of the Hall of Justice, Regional Trial Court, Branch 25, Arch. Hayes Street, Cagayan de Oro City, to the highest bidder, for CASH and in Philippine Currency, the following properties described below, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-188407 “ A PARCEL OF LAND, ( Lot 18, Block 6, Psd-10-039732, being a portion of Lot 1, Pcn-104305-00191, situated at Canitoan, Cagayan de Oro City, containing an area of FITY FOUR (54) SQUARE METERS, more or less, and all other improvements existing thereon registered in the name of MARIA MENCIA C. BARREDO.” TRANSAFER CERTIFICATE OF TITLE NO. T-188408 “ A PARCEL OF LAND (Lot 20, Block 6, Pasd-10-039732, being a portion of Lot 1, Pcn-104305-00191, situated at Canitoan, Cagayan de Oro City, containing an area of FIFTY FOUR (54) SQUARE METERS, more of less, and all other improvements existing thereon registered in teh name of MARIA MENCIA C. BARREDO.” All sealed bids must be submitted to the undersigned on the above-stated time and date. In the event public auction should not take place on the above date stated, it shall be on the next working day without further notice. Prospective buyers/bidders may investigate for themselves the title of the herein described properties and encumbrances thereon, if any there be. Cagayan de Oro City, June 13, 2011. FOR THE EX-OFFICIO PROVINCIAL SHERIFF: (SGD) LOVE M. VERDADERO Sheriff IV BWM June 27, July 4, 11, 2011
3 rooms, w/ parking space high fence and gate. All windows w/ concrete grills entire lot 1.5 ft. elevated frm road. Lot Area: 150 sq.m., floor: 75 sq.m. Location: B1 L3, Scions Subd., Kauswagan, CDO Contact: 09279518081 (ALEX) BWM July 4
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City Branch 22 OFFICE OF THE PROVINCIAL SHERIFF
SHERIFF’S NOTICE OF SALE File No. 2011-235
Upon Extra-Judicial petition for sale under Act 3135 as amended filed by HOME DEVELOPMENT MUTUAL FUND or PAG-IBIG FUND, mortgagee, with office adddress at Pag-ibig Fund Building, J.R. Borja St., Cagayan de Oro City, against ARLEN ECUACION FORTUNO, of legal age/s, single, Filipino/s with postal address at Block 8, Lot 24, Southview Homes Subdivision, Macasandig, Cagayan de Oro City to satisfy the mortgaged indebtedness which was as of April 26, 2011 amounts to FIVE HUNDRED FIFTY ONE THOUSAND SIX HUNDRED TWENTY NINE PESOS AND 74/100 (P 551,629.74) Philippine Curency excluding interest, penalty charges, attorney’s fees and expenses of foreclosure, the the undersigned sheriff will sell at public auction on July 18, 2011, at 9:00 o’clock in the morning or soon thereafter at the RTC Branch 22 Office, Arch Hayes St., Cagayan de Oro City, to the highest bidder, for CASH and in Philippine Currency, the herein described property and all improvements thereon to wit: TRANSFER CERTIFICATE OF TITLE NO. T-192331 Lot : 1, Block 9, Psd-10-044328 Portion of Lot : 2835-B, Psd-10-042804 As Surveyed for : Liberty Land Corporation (Woodland Heights) Land Use : Residential Location : Macasandig, Cagayan de Oro City Are : ONE HUNDRED SISTY (160) SQ.M. MORE OR LESS Prospective buyers/bidders may investigate for themselves the title of the herein described property and encumbrances thereon, if any there be. All sealed bids must be submitted to the undersigned on the above stated time and date. In the event the public auction should not take place on the said date, it shall be on the next working day without further notice. Cagayan de Oro City, June 7, 2011. FOR THE PROVINCIAL EX-OFFICIO SHERIFF: (SGD) JOEL LYDVEL G. PAKINO Sheriff IV BWM June 27, July 4,11, 2011
BILI: June 22-27, 2011
Passage Hotline: Cagayan (088) 856-9114/856-3702 , Iligan (063) 221-9914, 2233275, Ozamiz (088) 5210768, Dipolog (065) 908-8341
BusinessWeek mindanao
July 4-10, 2011
5
BusinessWeek Companies 6 July 4-10, 2011 Globe expands collaboration portfolio Primavera... with Web Conferencing mindanao
GLOBE Telecom recently announced the launch of its Web Conferencing service, the company’s latest addition to its portfolio of innovative and state-ofthe-art collaboration solutions. Powered by Cisco WebEx, the service allows users to connect and conduct meetings with virtually anyone and anywhere in real time. It is offered through Globe Business, the group in Globe Telecom that serves small, medium and large enterprises in the Philippines with a comprehensive range of ICT solutions relevant to various business needs. “With the combined strength of Globe and Cisco, an acknowledged industry leader in collaboration solutions, we are proud to announce a fuller suite of conferencing services for our customers,” said Grace JarinCastillo, Enterprise Segments Head of Globe Business. “Our
partnership with Cisco ensures our customers that they are getting the most flexible and reliable web conferencing solution available in the market today,” she added. Globe Web Conferencing combines desktop sharing through a web browser with phone conferencing and video, enabling faster distribution of information. Users will be able to transfer files easily and securely, avoiding the limitations and security risks of emailing large presentations or files to participants after the meeting has ended. Further, it can immediately connect users from remote locations and allows them to make decisions faster without the need for travel. This collaboration solution also enables business customers to stay connected with their colleagues wherever they are. With
Globe Web Conferencing, users can take part in any web conference right from their mobile devices. They can schedule, host and attend meetings straight from their iPhones, iPads, Androids, BlackBerry handsets, or any Wi-Fi or 3G-enabled mobile device. According to Globe Business Head Jesus C. Romero, “We are delighted to present our enterprise customers with another advanced conferencing solution that enables effective and convenient business collaborations. Globe Web Conferencing further expands our suite of collaboration tools, which already include Audio Conferencing and Telepresence, our most advanced, close-to-live conferencing solution.” Globe’s simplest and easiest to use collaboration tool, Audio Conferencing, is a service that permits users to conduct business meetings with their
colleagues from various sites through landline and mobile phones. This allows customers to connect up to 200 people, and has added features of transcription and translation to provide participants access to all the meeting details. Alternatively, there is Globe TelePresence, which utilizes the most advanced collaboration technologies to closely replicate an “in-person” meeting experience. It supports real-time highdefinition video and spatial audio, and connects Globe customers to more than 2,000 telepresence rooms located in 75 countries and territories worldwide. With Web Conferencing, Globe enhances its roster of advanced collaboration solutions for its enterprise customers. To find out more about Globe Business’ products and services, visit www. globe.com.ph/business.
Bill...
are covered by the municipal governments and barangays where they are stationed. These population program volunteers that are also called barangay service point officers are different from the barangay health workers deployed also by the Department of Health that promote the national government’s thrusts on natural and artificial use of family planning. Palabrica said, the PopDev office has already been devolved to the local government hence it also implements mandates coming from
the local government executives. He said, the deployment of barangay service point officers in Bukidnon to provide information to the constituents on population and development is first of its kind in his department, which mean that aside from being first in the implementation of its environment’s greening program, the province also aced the popdev campaign through volunteers promoting the natural family planning as mandated by Governor Alex Calingasan.
Palabrica further said, with the province’s 1.2 million population, there should be an intensified information campaign in really implementing population control but in the natural way as the governor preferred. BILL/PAGE 13
from page 1
of controlling birth. According to PopDev Officer Agustin Palabrica Jr., at least 1,500 volunteers have already been deployed to different barangays of the province by the provincial government to conduct lectures and trainings on the natural method of family planning. About 935 of these volunteers receive a monthly honorarium of P500 per month from the provincial government while the rest
from page 1 floor,” said Ma. Arabelle Solidum, Senior Product Manager for Pueblo de Oro Development Corporation, the exclusive marketing arm for Primavera Residences. Primavera Residences is a 10-storey twin-tower Italiandesigned condominium designed by ITA PROJECT, an architectural design firm from Italy with a solid reputation in award winning eco-friendly buildings, and developed by Italpinas (ITPI Euro Design and Eco-Development Corporation), a sustaining member of the Philippines Green Building Council. “We used passive elements in designing Primavera such as cross-ventilation, chimney effect, building orientation, an inner green courtyard and terrace, brise soleil (louvres) and extended awnings to maximize natural light and shadow,” said Architect Romolo Valentino Nati, president and CEO of ItalPinas, whose entry was cited with a “Special Energy Award” in the recent Design Against the Elements (DAtE) global architectural competition. “These design elements combine to complement each other to bring down the temperature in the building that it remains cool even in hot summer months to lessen the need for air conditioning.”
Mr. Nati estimates Primavera’s passive design elements could reduce energy consumption for air conditioning from kWh/mg Year 224.4 to kWh/ mg Year 121.1 which translates to approximately 32% less cooling energy consumption or around 20% total energy consumption, directly benefiting condominium residents. On top of these passive design elements, Mr. Nati said Primavera Residences would also be tapping solar energy on its rooftop with the use of photovoltaic cells that would produce around 150 kilowatts peak renewable energy from its two towers. When the “Net Metering Law” will be implemented in Mindanao in the next two years in our estimate, the photovoltaic cells will feed electricity to the local distribution utility grid, Mr. Nati said. “At the end of each billing period, this electricity produced will be deducted from the condominium’s electric bill, further reducing the individual electric bill of each resident,” he said. “While waiting for the Net Metering Law to be approved, we will be using the energy produced from the solar cells to directly power the common and shared areas of Primavera.” For further inquiries, please call (63) 921-4156737 or fax (63) (2) 889-9292 or email g.magadan@Italpinas.com or s.delavega@italpinas.com
Serving the country for 50 years, with over 260 branches nationwide. Proudly 100% Filipino. CAGAYAN DE ORO BRANCHES CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers – Kalambagohan Sts., Cagayan de Oro City Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 E-mail: jrsmain@mozcom.com Website: www.jrs-express.com
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BusinessWeek mindanao
July 4-10, 2011
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Sugbongcogon hosts Unabia’s Night Photos and text by GERRY L. GORIT
R
EP. Peter M. Unabia has announced new projects and achievements for the towns of the first district of Misamis Oriental during the Unabia’s Night program held June 26 at Sugbongcogon. Unabia, in his speech before guests and visitors, said poverty incidence in the area is being addressed to lessen the number of people in currently living in poverty level. He said five houses will be built through the Gawad Kalinga organization. For Sugbongcogon a P30million gymnasium will be built from the approved Congress budget for Mindanao. Unabia said P10-million has already been released for the first phase of the construction. As host of the event, Mayor Jerry P. Lagbas of Sugbongcogon welcomed the guests and visitors who attended the affair. Lagbas and the other town officials were celebrating the 48th charter day anniversary of Sugbongcogon with a weeklong schedule of activities which
included this year’s edition of the Unabia’s Night, an annual activity began in 2006. Vice Mayor Mildred Z. L agbas and Sangguniang Kabataan president MongMong Lagbas spearheaded the various musical numbers presented during the affair by various organizations including women’s groups, employees of local government units and youth groups. The Unabia’s Night program also included distribution of certificates of appreciation to various recipients and an oath taking ceremony for members of the Barangay Councilors League of Talisayan. Raffle draws were also held with cash prizes, five TV sets, six Airpots and 40 bags of five-kilo rice given to winners. Among the participants
were members of the Salay Women’s Organization headed by ABC president Villa Capistrano, Philippine Army 8th Infantry Battalion commanding officer Lt. Col. Jose Maria, R. Cuerpo, officials of the Department of Education in Sugbongcogon, employees of the Mantianak Eco-Tourism Park, and the Balingasag Women’s Organization. Congressman Unabia’s projects in the first district towns of Misamis Oriental include a daily feeding program, medical and dental missions to far barangays, regular consultations and forums with small farmers and fisherfolk, and livelihood assistance. Joining the Unabia Family led by Mrs. Erlinda Unabia, Eugenie Unabia and Ms. Maribel Unabia in the evening affair were Sugbongcogon Mayor Jerry Lagbas, Salay Mayor Romeo Gue, Talisayan Vice Mayor Romel Maslog, Medina Vice Mayor Ken Uyguangco, ABC president Jun Kho, Balingoan Vice Mayor Pedro Panulaya, provincial board member Benedict Lagbas, and Gingoog City councilors Tata Condeza-Heini and Marc Anthony Bagaipo.
Misamis Oriental 1st District Rep. Peter M. Unabia and his sister Ms. Maribel Unabia, president of the Anak Ciano Inc, grace the Unabia’s Night program held June 26 at Sugbongcogon. The annual event was held with participants coming from other towns of the province.
Misamis Oriental 1st District Rep. Peter M. Unabia delivers an inspirational message to guests and visitors who attended the Unabia’s Night program held at Sugbongcogon on June 26. This annual activity of the congressman started in 2006.
Misamis Oriental 1st District Rep. Peter M. Unabia lead the oathtaking ceremony of the Barangay Councilors League of Talisayan on June 26. Twenty-two councilors took the oath during the Unabia’s Night program held at Sugbongcogon.
Sugbongcogon Vice Mayor Mildred Z. Lagbas (center) and her brother MongMong Lagbas, the Sangguniang Kabataan president, lead the municipal officials and employees in performing for the guests and visitors to the Unabia’s Night program held June 26 in the town.
Misamis Oriental 1st District Rep. Peter M. Unabia (2nd from left) is joined by Medina Vice Mayor Ken Uyguangco, Salay Mayor Romy Gue, Lagonglong Mayor Jubert Pamisa and Sugbongcogon Mayor Jerry Lagbas in celebrating the annual Unabia’s Night held at Sugbongcogon on June 26.
Mayor Jerry P. Lagbas of Sugbongcogon welcomes guests and visitors to the 48th charter day of the town. Lagbas also delivered a welcome address to participants of the annual Unabia’s Night program held at the town’s municipal grounds. This year’s activity was held on June 26.
Sugbongcogon Mayor Jerry Lagbas, Salay Mayor Romeo Gue, Talisayan Vice Mayor Rommel maslog, Medina Vice Mayor Ken Uyguangco and Bebeng Dumadag, the secretary of Misamis Oriental 1st District Rep. Peter Unabia, award one of five TV sets to a raffle winner during the Unabia’s Night at Sugbongcogon. Also raffled were 6 Airpots, 40 bags of 5-kilo rice and cash prizes.
Misamis Oriental 1st District Rep. Peter M. Unabia awards a certificate of appreciation to Lt. Col. Jose Maria R. Cuerpo, commanding officer of the Philippine Army 8th Infantry Battalion under the 4th Infantry Division. Cuerpo was one of recipients of certificates of appreciation given during the Unabia’s Night program held June 26 in Sugbongcogon.
Teachers of Sugbongcogon perform a dance number during the Unabia’s Night program held June 26 at the municipal grounds of Sugbongcogon. The affair also witnessed intermission numbers from women’s organizations and employees of local government units.
Workers of the Mantianak Eco-Tourism Park showcase their musical talent during the Unabia’s Night program at Sugbongcogon. The annual affair was attended by guests and visitors welcomed by Misamis Oriental 1st District Rep. Peter Unabia and officials of the town led by Mayor Jerry P. Lagbas.
Opinion
8 July 4-10, 2011
Editor: Nelson Constantino
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‘Plan in Hand’ THINK a minute…Can you imagine an engineer building a tall skyscraper without a plan? Someone said: “If you fail to plan, you plan to fail.” Success is no accident! It doesn’t just magically happen. You have to plan for it to happen. As one guy put it: “You must plan for a great future. After all, you have to spend the rest of your life there.” We must have some kind of plan of what we want and how we’ll get it. You see, if you shoot for nothing you’ll hit it every time! A wise person said: “If you’ve accomplished everything you’ve planned
in life, then you’ve probably not planned enough. You’re getting too old when all your dreams are reruns.” The very successful head of the Chrysler Automobile Corporation, Lee Iacocca, used to ask his workers: “What do you want to do? What do you want to be? What do you want to have? Where do you want to go? How do you plan to get there? Write it down. Now go do it. It doesn’t get any simpler or better than that.” So why not start living your life on purpose? First dream it, then do it. They say that 1 hour of planning will save you 3 hours of wasted
time and work. With a plan, your work is working for you! Your plan will keep you in control of your life, moving ahead toward your goal of success and happiness. But after you plan your work, you have to work your plan. Discipline is what brings your dreams into real life. A dream with no discipline will just remain a dream, and a plan without work will be a plan that won’t work. So today, why not ask the One Who designed the plan for your success to take full charge of your life. Jesus also has the power you need to make that plan start working for you. With His plan
in hand, you’ll go all the way to the life He wants you and your family to enjoy. Just Think a Minute…
Japanese Holidays significant to the Inbound Travel JAPAN celebrates the Festival of the Dead called Obon, from August 13-15. Many Japanese companies in the world are closed during this time of the year all over their area of operations. This includes Japanese companies at the Laguna Business Park and other Export Processing Zones in the Philippines. The Festival of the Dead is an annual Buddhist event commemorating their ancestors. Japanese believes that each year their ancestors spirit return to this world to visit their relatives. At the end of Obon Festival, floating lanterns are put into rivers, lakes and oceans to guide the spirits back into their world. In western Japan comprising the industrial cities of Nagoya, Kobe and Fokuoka, travel from this destination to the villages and Prefectures by train is extremely crowded at the beginning and end of the holidays. Bullet Trains pack young travelers in a standing room basis at the economy sections. Freeways have traffic jams extending as long as 70 kilometers and stop over rest rooms are extremely packed with
holiday travelers. The March 2011 earthquake and tsunami devastated city of Sendai which killed an estimated more than 20,000 Japanese could be the most travelled city in the east along with Tokyo, Yokohama down to Osaka which is located in the same eastern part facing the Pacific Ocean. Travels to the east during the months of July to August are hindered with occasional monsoon weather generated by the low pressure areas in the )Pacific. Typhoons that came in through the northern part of the Philippines made their exit and regain their strengths towards Taiwan or Japan. Holidays spend inside the Japanese mainland and in their capital cities have a price. Travels bring increased prices in food and lodging. Japanese hotels and restaurants charges special holiday prices. Airlines and tour agencies increase their rates during this season. Filipinos, on leisure tour should not travel to Japan simultaneous with the long Japanese holidays. In the Philippines,
inbound travel business during the months of July to August is opposite and considered low season. Hotels and airlines have various come on rainy days specials bringing down published rates to as low as less 40 % to fill up rooms and airline seats. Major hotels whose occupancy goes down below 40 % during the period will incur a red in their financial statements while airline companies who cannot sell more than 70 % of their seats slashed down the remaining 30% with seat sales to struggle to a 76% average passenger load factor as breakeven. Although, airline companies derives big percentage of their revenues from cargoes. This explains why airplanes today are getting wider with more cargo hold underneath their bottoms. Commercial planes flying in the Philippine skies all used the Airbus type of aircraft for increase cargo load capacity. The ad notion that aircraft modernization from the low cost no frills airlines are geared towards giving more comfort to
the passengers is a missonomer as seats are compressed reducing the leg room from their original designs. It is the volume of cargoes that counts, passengers are just the equalizers. Many Japanese tour agencies consider flying their nationals out of Japan for their holiday period to the Philippines for more profit. They enjoy hotels and airlines low seasons discounts and other perks like increase luggage allowance, bargain golf course green fees and free hotel breakfast and transfers from the airports to their destinations during the months of July to August. Travel agency business is on the lookout for these opportunities.
‘Hidden’ credit card charges, fees MOST credit card holders would agree that there is nothing sneakier than a “hidden” credit card charge. Credit card fees and charges can indeed be very costly and stressful for card users. More so if the users do not understand the charges that they are required to pay. According to the Financial Consumer Affairs Group (FCAG) of the Bangko Sentral ng Pilipinas, complaints about excessive fees and charges rank third among the credit card-related issues it receives and processes. The complainants often argue that excessive fees
were imposed on them without proper disclosure. However, the FCAG reminds consumers that there are actually BSP rules and regulations preventing the existence of “hidden” credit card charges. BSP Circular No. 398 dated August 21, 2003, as amended (most recently by Circular No. 702 dated December 15, 2010), requires credit card issuers to disclose information relating to fees and charges to each person to whom the credit card privilege is extended. The disclosure requirements actually date back to June 22, 1963, when Republic Act No. 3765, or the Truth in Lending Act, was
approved. However, BSP Circular No. 398 is the first BSP issuance on disclosure requirements specific to credit card transactions. According to the BSP Circular, information relating to credit card fees and charges should be indicated in the contract or the credit card’s terms and conditions. Such information include the following: Finance and non-finance charges, simple monthly or annual rate, the effective interest rate, method of computing finance charges, late payment or penalty fees, other fees such as membership or renewal fees, processing fees, and collection fees. The FCAG has listed
these so-called “hidden” charges and how to steer clear of them. They are finance changes, late payment fee, over limit fee, cash advance fee, and annual membership fee. Finance charges could range from 2.25 percent to 3.5 percent per month. Late payment fees range from P200 to P600 or 5 percent to 7 percent of a credit card holder’s minimum amount due, whichever is higher. O verlimit fe es are charged for going over one’s credit card limit. They range from P500 to P700 depending on the credit card issuer. Cash advance fee – Credit card companies offer
easy cash advance facilities for sudden cash requirements. However, consumers should avoid making cash advances as much as possible. Annual membership fee – Annual membership fees may cost credit card holders as much as P5,000 depending on the type of card. FCAG recommends the following: 1. Pay your credit card bills in full on or before due date every month. 2. Stay within credit limit. Do not spend more than you can afford. 3. Avoid making cash advances as much as possible.
4. Negotiate a waiver of annual membership fees. Armed with the right knowledge, you can now avoid the shock of seeing an unfamiliar (and exorbitant) fee in your next credit card statement.
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BusinessWeek mindanao
Sugar, anyone? (Part 2) THE Normal value for Glycosylated Hemoglobin, depending on the laboratory method used, would range from 6- 6.5%. Any result above it, may mean, there is poor glucose control. There are other diagnostic tests that one’s attending physician may also request for: Urine Sugar or Urine Ketones. These tests reflect breakdown of the muscle cells and fat. Problem is, the test is non specific, as there are other disease conditions that can give rise to a positive test result. It is of significance that, patients , when they go to the Laboratory for their tests, should comply with the number of hours fasting. Meaning, they should not take anything by mouth, except for water ( no coffee, or tea please). And, it is wise to note that , fasting should be done at night and the test performed in the morning! For there are instances when patients insist that their blood sample be taken, even at 12 noon or 1 pm! The result is not truly reflective of the sugar status of
Psalm... from page 1
The recent UC filing done by PSALM to recover total SD and SCC amounting to P139 billion is significantly lower than the P518 billion previously filed with the ERC. Ledesma said that he would aggressively spearhead and push harder for the privatization of the existing power plants and generation assets previously owned by the National Power Corp. (NPC) to fulfill PSALM’s mandate under the Electric Power Industry Reform Act (EPIRA). The plants were transferred to PSALM with the objective of privatizing the assets and using the sales proceeds to liquidate existing NPC debts and obligations. Ledesma said that PSALM could bring down the UC if the remaining assets would be sold as soon as possible and at the best possible price. He said PSALM would also be able to avoid incurring further losses in operating and maintaining the power plants. PSALM will start the bidding process for the sale of the generating capacity of the Naga Power Plant Complex in July 2011. The sale of the generating capacities of the Unified Leyte Geothermal Plants and the Casecnan Hydroelectric Power Plant will immediately follow. Bidding for the Power Barges 101-104 will also start before the year ends. Ledesma also said that PSALM continuously implement its liability management program to refinance the existing NPC obligations. “This will enable us to attain the most appropriate currency mix and average maturity of these debts in order to avoid foreign exchange
the person, when the fasting is done from 7am to 12 noon! For once the person becomes active upon waking in the morning, the body uses glucose/ sugar thus, the difference in the test result. As to the frequency of the testing, it is dependent on the attending doctor, who in turn, will likely consider the age of the person and the presence or absence of risk factors, like, high blood pressure, abnormal levels of cholesterol and triglycerides. But, more important on knowing the tests/ diagnostic examinations, and the signs and symptoms for diabetes, is the knowledge on what to expect, once the disease is uncontrolled, and the long term
effects, or what we call as complications. The organs most commonly affected include the eyes, where there is blurring of vision or cataract formation. Ischemia or infarction is an occurrence when the heart is involved. The peripheral nerves, when affected, will manifest as a tingling sensation or even as numbness or absence of sensation, which accounts for, why a diabetic fails to detect a wound when it occurs in the feet. The kidneys too are affected with uncontrolled sugar in the body, which usually accounts to a greater number of patients needing admission for dialysis! Management and treatment is never a textbook case for diabetics. Meaning, it will vary patient to patient. Though, it is standard practice to advise them regarding diet and dietary restrictions, and exercise, as well as avoidance of alcohol, smoking and the religious intake of their medications, it is most wise to have their regular follow up with their doctors. But for those, who still have no sugar problems, a healthy lifestyle will surely go a long way!
losses and bring down interest costs,” Ledesma said. Ledesma also said that PSALM evaluated all relevant factors to arrive at the most advantageous terms for the prepayment of the privatization proceeds from the Independent Power Producer Administrators (IPPAs) and the National Grid Corp. of the Philippines (NGCP). This prepayment will allow PSALM to meet its cash flow requirements and avoid incurring additional loans for payment of maturing obligations. Shortfall in cash flow arises due to the mismatch in the timing of the collection of these receivables and the
maturity of debt obligation payments. Ledesma noted that to further mitigate the impact of the UC, PSALM has also pushed for the extension of its corporate life for another 10 years. This will consequently result in the extension of the recovery period of the UC from 15 years to 25 years. The Department of Energy (DOE), in coordination with PSALM, has submitted a priority bill on this matter before the Joint Congressional Power Committee (JCPC) and the Legislative-Executive Development Advisory Council (LEDAC). pna
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 20 Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL FORECLOSURE EJF File No. 2011-203 Upon Extrajudicial petition for sale under Act 3135 as amended filed by Act No. 4118, filed by HOME DEVELOPMENT MUTUAL FUND or PAG-IBIG FUND - Cagayan de Oro Branch Office, a government financial institution with principal office address located at the Atrium Building, Makating Avenue, Makati, Metro Manila, against GENEROSO QUIMSON ELIGAN, of legal age, married to NIDA P. ELIGAN, with postal address at c/o Geraldine Generoso ( Daughter ) Xavier University, Corrales Ave., Cagayan de Oro City, to satisfy the mortgage indebtedness which as of April 18, 2011, amount to FIVE HUNDRED TWO THOUSAND THREE HUNDRED TWENTY & 32/100 PESOS ( Php.502,320.32 ), Philippine currency, inclusive of interest & penalty charges, attorney’s fees and expenses of foreclosure, the undersigned or duly authorized deputy will sell at public auction on July 26, 2011, at 10:00 a.m. or soon thereafter at the main entrance of the RTC-BR. 20, Hall of Justice lobby, Hayes St., Cagayan de Oro City to the highest bidder, for CASH in Philippine Currency, the Philippine Currency, the following property/ies described below with all the improvements included thereon, to wit: TRANSFER CERT. OF TITLE NO. T-119290 “ A PARCEL OF LAND, ( Lot 6, Block 4 of the Subd. Plan, Psd-10024063, being a portion of Lot 3047-B-1, Psd-10-022552 ) situated in the Barangay of Carmen City of Cagayan de Oro. Island of Mindanao. Bounded : SW., along line 1-2 by Lot 5; on the NW., along line 2-3 by Lot 4 both of Blk 4 of the Subd. plan; on the NE., along line 3-4 by Road Lot 4; and on the SE., along line 4-1 by Lot 8 of Blk. 4 of the Subd. plan xxx. Registered in the name of GENEROSO QUIMSON ELIGAN married to NIDA PEBIDA ELIGAN, containing an area of ONE HUNDRED FORTY SIX ( 146 ) SQUARE METERS MORE OR LESS” All sealed bids must be submitted to the undersigned on the abovestated time and date. In the event Auction Sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the title herein above-described and encumbrances thereon, if any there be. Cagayan de Oro City, Philippines, June 6, 2011. (SGD) CELESTIAL VENUS G. GELBOLINGO Sheriff IV BWM June 20, 27, July 4, 2011
July 4-10, 2011
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You are special MAN is made great or little by his own image of himself. In our garden we have a lot of fruit-bearing trees like mango, santol, rambutan, sirguelas, guava, star apple, jack fruit, bread fruit, lumboy, papaya. They are the reason a lot of birds take up residence in our garden. They have fruits to eat and foliage to build their nests. I consider it the height of luxury that I wake up in the morning to the sound of singing and chirping, courtesy of the tiny winged sopranos who are residents of our garden. My heart joins them in the chorus of praising our loving God who created all creatures, great and small. Of all the trees in our garden, there is a special tree that I am particularly fond of. The fruits of this tree are reserved only for the birds and me. You will never guess it, but my favorite tree is the lowly, native Mansanitas. Everytime I taste its sweet berries, I am transported back to my happy, carefree childhood. There are 5 of us children in the Gualberto family. A solitary mansanitas was the only tree in our property. We were like 5 hungry foxes eyeing
the mansanitas. Before the fruits had a chance to ripen, they were quickly picked and eaten. What is my point in telling you this narrative about the humble mansanitas? It has always been my sneaky style to use words for bullets to slay you with meaningful insights that can enrich your life. You may have experienced a lot of disappointments and heartaches in your walk through this vale of tears. The winds of misfortune and the storms of tribulation are not there to knock you off your feet. They are difficulties purposely blown in your path to develop you, not to crush you. This obstacle course is for you to hurdle, in order to grow your spiritual muscles and build up your strength. You might think that you are a failure, a useless nobody, a pitiful fool. Take heart! God does not create mediocre weaklings. You are a masterpiece. The Creator has molded you in His own image and likeness. Nothing could be more mind-boggling than that. This astounding assurance should finally demolish any insecurities and doubts you may have of yourself. Just like the mansanitas, the Master
of the Garden has set you apart, reserved you for His own, chosen you as His favorite delight. You are special to Him, valuable and wonderful in His sight. Do not plant a negative and defeated self-image in your mind. Rather, let the strong, dynamic, successful picture of yourself take root in your mental garden. Water it regularly with optimism and encouragement. Apply the virtues of patience and perseverance as fertilizers. Before long, you will see your new image of victory flourish and become a reality. You will jubilantly find out that the Divine Gardener has always kept you as the apple of His eye and the mansanitas of His affection!
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July 4-10, 2011
Banking/Finance
GSIS savings from reinsurance of large govt agencies: $8.5M THE government booked savings of a minimum of $8.5 million for the first half of the year after it made a competitive bidding for the reinsurance needs of large state-owned companies such as power agencies and the light-railway system. According to the Government Service Insurance System (GSIS), it made a savings of at least $8.5 million, or about P370 million, after the state-owned pension fund made a competitive bidding of the reinsurance requirements of the National Power Corp. (NPC), the Power Sector Assets and Liabilities Management Corp. (PSALM), the National Grid Corp. of the Philippines
(NGCP) and the Metro Rail Transit Corp. (MRTC). “The public bidding forms part of the commitment of the new GSIS board and management to heed the President’s call for good governance by upholding transparency in all business transactions,” GSIS president and general manager Robert Vergara said in a statement. With the new GSIS administration, the pension
May forex swaps reach $16.2 billion THE central bank’s foreign exchange (FX) swaps totaled $16.233 billion as of the end of May, unwinding $364 million into the FX system for the month, lower compared to what was released in April of $650 million. Based on Bangko Sentral ng Pilipinas (BSP) data, of the FX swaps which are foreign currency assets in short and long forward positions, about $5.731 billion matured in May from $7.123 billion in April. A total of $8.293 billion in the meantime are maturing in three months and $2.209 billion within the year. Including FX swaps, the country’s FX reserves total $85.086 billion in the first five months. The official gross international reserves reached a new all-time high of $68.853 billion in May. BSP Deputy Governor Diwa C. Guinigundo said yesterday that at this point, it is difficult to say that GIR will exceed the projected $70 billion by end-2011 despite that there are no pending significant maturities that the govern-
ment needs to pay in the next two quarters. GIR is boosted by remittances, exports and other external inflows. The projection is more conservative than the International Monetary Fund’s forecast of $78.4 billion GIR this year. Next year, BSP forecasts GIR to hit $75 billion while the IMF thinks it will be higher at $93.4 billion. Of $68.853 billion GIR, about $59 billion are BSP’s foreign currency reserves, of which $47.876 billion are invested in securities and $11.141 billion are total currency and deposits. About eight percent of GIR are externally-managed portfolios. As of the end of 2010, the BSP has $9.89 billion of portfolios invested in the US, Eurozone, Japan and the United Kingdom. The funds invested are up by $5.94 billion from $3.95 billion third quarter of 2010 after the BSP shifted $6 billion of its internally-managed portfolios to its 10 fund managers including JP Morgan Chase. FOREX/PAGE 13
BTr cancels July 5 T-bond auction THE Bureau of the Treasury (BTr) announced Friday the cancellation of the Treasury bond (T-bond) auction on Tuesday next week in line with the government’s first debt swap this year. In a notice posted on its website, the BTr said sale of the seven-year T-bond was cancelled to make way for the debt exchange. The government will exchange shorter-dated bonds for 10.5-year and 20-year bonds next week as part of the government’s liability management program and to make a benchmark for 20year securities. Finance Secretary Cesar Purisima said they completed getting all the necessary regulatory approvals for the swap this week. The bond exchange was initially eyed last June 28 but did not push through after the approvals were not issued in
time for the supposed swap this week. The government expects to exchange at least P80-P100 billion worth of 10.5- and 20year securities, with the minimum offer volume for each tenor doubled to P40-P50 billion from last December’s P20 billion each. Earlier, Juanchito Dispo, president of First Metro Investment Corporation (FMIC), which is among the six arrangers for the swap, expects this year’s swap to match last December’s nearly P200 billion volume. This year’s bond exchange will not have a new money component, unlike last December, BTr officials and Dispo said. Dispo said this is the first time the government will be swapping shorter-dated notes for 10.5-year bond. “The 10.5-year window AUCTION/PAGE 13
fund started to bid out the individual insurance covers of the said agencies, based on the value of their insured assets with the GSIS, as early as the last quarter of 2010. As a result of the transparent and competitive bidding process, Vergara said the MRTC saved P132.8 million; PSALM, P131.8 million; NGCP, P87.4 million; and NPC, P17.5 million. “The insurance companies actively participated in the bidding process with several companies purchasing the bid documents and submitting their bids,” Ver-
gara said. “Apart from the savings generated from reduced premium, the insured agencies get improved coverage as well by having lower deductibles, which allow them to claim against their insurance for losses or damages at lower participation limits,” he added. The Property Insurance Law, or Republic Act 656, requires every government agency, except a municipal government below first class, to insure its properties with the GSIS against any insurable risk. GSIS then reinsures these to other companies.
Stanchart Bank to go after RP’s wealthiest STANDARD Chartered Bank (Stanchart), the oldest and one of four original foreign banks operating in the country, is going after the collective wealth worth P6.25 billion of some of the country’s richest individuals. Its wealth management arm relaunched on Thursday the bank’s Priority Banking Program where some of the country’s elite, or those with a minimum investment of P2.5 million, may be accepted. According to Marion C. Kohchet-Cua, general manager at Stanchart’s wealth management unit, the goal was to enlist the participation of at least 2,500 wealthy Filipinos in the program the bank simultaneously launched in all its units around the
world. The program, Cua said, “speaks of our long history of service in the Philippines validated by the endorsement of our national hero himself, Dr. Jose Rizal, a long-standing and valued client whose 150th birthday we also commemorated this month.” According to Cua, the program should contribute a significant volume of business to Stanchart’s wealth management operations, “which has more than doubled the past several years. Wealth management is essentially trust banking where one’s money represents an investment and not a deposit and therefore the return of principal or interest is not guaranteed. But b ecaus e wealth BANK/PAGE 13
Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region Cagayan de Oro City Branch 42 Medina, Misamis Oriental SIAM BANK (A Rural Bank), Inc., Mortgagee, - versus RODULFO P. RAMOSO, Mortgagor,
EXTRAJUDICIAL FILE NO. 346-M FOR: EXTRAJUDICIAL FORECLOSURE OF REAL ESTATE MORTGAGE
SHERIFF’S NOTICE OF EXTRAJUDICIAL SALE Upon extrajudicial petition for sale under Act 3135, as amended by Act 4118, filed by SIAM BANK (A Rural Bank) Inc., mortgagee against RODULFO P. RAMOSO, residence address located at Mendoza Ext., Puntod, Cagayan de Oro City, to satisfy the indebtedness of the mortgagor to the former in the amount of THREE HUNDRED THOUSAND (P300,000.00) PESOS as of March 15, 2011 representing principal, interest and penalties excluding 10% Attorney’s fee, cost and expenses of foreclosure and other incidental expenses, the undersigned RTC Sheriff will sell at Public Auction on July 28, 2011 at 10:00 o’clock in the morning or soon thereafter at the Hall of Justice, RTC-Branch 42, Medina, Misamis Oriental to the highest bidder for cash and in Philippine Curency, the following property with all improvements thereof to wit: ORIGINAL CERTIFICATE OF TITLE NO. P-18537 Lot No. 2366, Cad-820-D, C-6 “A parcel of land and all imrovements thereon with Lot No. 2366, Cad. 820D, Case 6, situated in the barrio of Bolisong, Municipality of Kinoguitan, province of Misamis Oriental, island of Mindanao. Bounded on the N., along lines 1-2-3 by Lot No. 2367; on the E,. along line 3-4, by Lot 2365; on the S., along line 4-5, by Lot 2351; and along lines 6-7-8-9, by Lot 2226; and along line 9-1 by Lot 2372; all of Cad-820-D, Kinoguitan Cadastre. Containing an area of ELEVEN THOUSAND FOUR HUNDRED EIGHTY ONE (11,481) square meters more or less, under Title No. 3381, declared in the name of Rodulfo P. Ramoso” In the event of failure of bidding or auction sale cannot take place for whatever reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective bidders/buyers may investigate for themselves the title herein above described and encumbrance thereon, if any there be. Medina, Misamis Oriental, June 13, 2011. (SGD) ALFRAN R. MABELIN SHERIFF IV BWM June 20, 27, July 4, 2011
BusinessWeek
Mindanao
Aurelio Montinola remains BPI’s president and CEO THE Board of Directors of the Bank of the Philippine Islands has extended the term of Aurelio R. Montinola as BPI President and CEO for a period of two years. M r. Mo nt i n o l a reaches the Bank’s mandatory retirement age this August, but the Board has requested him to stay for this extended period to enable the completion of the transformation initiatives that Mr. Montinola has introduced Montinola over the last few years, as well as to ensure continuity of the Bank’s commitments. Montinola was appointed president of BPI in 2005.
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 44 Initao, Misamis Oriental PETITION FOR THE CANCELLATION OF DECREE NO. 756863, RE-ISSUANCE OF THE SAME DECREE & FOR ISSUANCE OF ORIGINAL CERTIFICATE OF TITLE IN THE NAME OF THE HEIRS OF FAUSTINO MANGAYAN,
MC CASE NO. 2011-978
SPOUSES ALFONSO CATARMAN & BRENDA GRACE CATARMAN, Petitioners. x---------------------------------------------------------------------/ ORDER A verified Petition for the Cancellation of Decree No. 756863, Re-Issuance of the same Decree & for Issuance of Original Certificate of Title in the name of Heirs of Faustino Mangayan, has been filed with this Court by petitioner-spouses Alfonso Catarman & Brenda Grace Catarman, with the assistance of counsel, alleging among others, to wit: That, petitioners are of legal age, married, Filipinos and residents of 8445 Tulip St., Phase 4, Xavier Estate, Upper Carmen, Cagayan de Oro City; That, petitioners’ predecessor, Heirs of Faustino Mangayan, were approved and declared owners as early as November 29, 1933 of a certain parcel of land covered and embraced by Lot No. 12341 Cad 237, containing an area of Twenty Nine Thousand Nineteen (29,019) Square Meters, situated at Alubijid, Misamis Oriental, copy of the Lot Data and the Sketch Plan issued by the Land Management Services of the DENR, is attached as Annex “A”; That the technical descriptions of the location, area and boundaries of the foregoing parcel of land issued by the DENR, are described as follows: Lot 12337 C-14, CAD-237 HEIRS OF FAUSTINO MANGAYAN “ A parcel of land (Lot 12337, C-14, Cad-237), situated in Alubijid, Misamis Oriental, Island of Mindanao. Bounded on the NW., along line 10-1 by Lot 12338 along line 1-2 by Lot 12340., on the NE., along line 2-3 by Lot 12341., on the SE., along line 3-4 by Lot 12336., along lines 4-5-6 by Lot 12335., on the SW., along lines 6-7 by Lot 12331 and along lines 7-8-9-10 by Lot 12330, all Cad-237. Beginning from a point marked “1” on plan being N., 02 deg., 46 E., 555.58 M. from BLLM No. 29, CAD-237, Cagayan Cadastre. THENCE: 1-2 N., 73 deg., 01 E., 126.43 M 2-3 S., 78 deg., 27 E., 43.13 M 3-4 S., 22 deg., 47 W., 139.16 M 4-5 N., 68 deg., 57 W., 13.59 M 5-6 S., 22 deg., 25 W., 98.43 M 6-7 N., 75 deg., 02 W., 74.38 M 7-8 N., 12 deg., 49 E., 33.28 M 8-9 N., 36 deg., 42 W., 67.10 M 9-10 N., 22 deg., 52 W., 79.39 M 10-1 N., 84 deg., 22 E. 76.75 M Beginning; containing an area of TWENTY NINE THOUSAND NINETEEN (29,019) Square Meters more or less. All points referred to are indicated on the plan and marked on the ground are Old Points Cyl. Con. Mons. 15x60 Cms. Date of Original Survey September 19, 1931, executed by the Chief of Party/Surveryor B. Cabading, and approved on November 29, 1933. That, pursuant to the claim of Heirs of Faustine Mangayan, a Decree was issued under Decree No. 756863, presumably by the then Regional Trial Court of Misamis Oriental, copy of the Certification of such issuance is attached as Annex ‘C’; That the petitioners acquired portion of the above-described property by virtue of a Deed of Extra Judicial Partitionwith Sale of a portion of Land, executed by predecessor-in-interest of the Heirs of Faustino Mangayan, Heirs of Sps. Benjamin Magdugo and Cleopas Buray Magdugo namely: Wally B. Magdugo and Nelia B. Magdugo, covering an area of Three Hundered (300) Square Meters, more or less, certified true copy of which is attached as Annex “D”; That, per Real Property Historical Ownership records of the foregoing property issued by the Office of the Provincial Assessor of Misamis Oriental, it can be shown that as early as 2006, the copy of the Tax Declaration of the foregoing property was already transfered to Benjamin Magdugo, by virtue of Deed of Absolute Sale, duly notarized by then Atty. Artemio R. Uy, copy of the Real Historical Ownership is attached as Annex “E”; That, when petitioners purchased portion of the foregoing property, Benjamin Magdugo was the one declared and registered as owner under Tax Declaration no. 0818000401931, copy of which is attached as Annex “F”; That the records in the Registry of Deeds of Misamis Oriental failed to show that an Original Certificate of Title (OCT) was issued to the said land based on the aforesaid decree, per Certification issued by the Registrar of Deeds of Misamis Oriental, copy of which is attached as Annex “G”; That, likewise, the Office of the Land Registration Authority, Quezon City, certified that the copy of the foregoing Decree No. 756863, issued last September 3, 1941 “is not among the salvaged decrees on fie of its office, copy of the same is presumed to have been lost or destroyed as a consequence of the last World War”, copy of the Certification is attached as Annex “H”; That, the subject property is free from all liens and encumbrances; That, the Names and Addresses of the owners of adjoining properties as follows: LOCATION LOT NO. NAMES ADDRESSES North 25 Victoria Gaid Laguindingan, Mis. Or. East 23 Lorna Mae Baviera Laguindingan, Mis. Or. West 28 Nellie Sumaylo Laguindingan, Mis. Or. South 27 Cleofas Magdugo Laguindingan, Mis. Or. That there exists no deeds of instruments affecting the property which have been presented for and pending registration to this date in the Office of the Registrar of Deeds of Misamis Oriental; That, in the absence of the true copy of DERCEE No. 756863 issued last August 25, 1941, presumably, like any otehr Decree issued at that time, issued by the then Court of First That, in the absence of the true copy of DECREE No. 756863 issued last September 3, 1941, presumably, like any other Decree issued at that time, issued by then Court of First Instance, Province of Misamis Oriental, Hon. Judge Ricardo Summers, as the same was lost and destroyed pursuant to the Certification marked as Annex “H”, the basis of the reconstitution of the technical description of the land applied for the cancellation, re issuance of the foregoing Decree and the eventual issuance of the foregoing title shall be the original one issued by the DENR, marked as Annex “B”, in the name of the original owners, Heirs of Faustino Mangayan. Finding the petition to be sufficient in form and substance, the same is given due course and Order is hereby issued setting the initial hearing on August 25, 2011 at 8:30 in the morning at RTC Branch 44, Initao, Misamis Oriental at which date time and place any person may appear and show cause why the same should not be granted. Petitioners are directed to cause the posting of the said Order at the Barangay Hall of Alubijid, Misamis Oriental, at the Municipal Hall of Alubijid, Misamis Oriental, at the bulletin board of this Court and to cause the publication of this Order at least once in the Official Gazette and also once in a newspaper of general circulation, duly accredited by this Court. Likewise, petitioners are also directed to furnish copies of the petition, the adjoining owners namely: on the North, Victoria Gaid, on the East, Lorna Mae Baviera, on the West, Nellie Sumaylo and on the South, Cleofas Magdugo and the Land Registration Authority (LRA), Manila. The Office of Land Registration Authority (LRA), Manila is directed to submit to the Court its Comment to the above captioned petition within thirty (30) days from receipt of this Order. Let copy of the Order together with the petition and its annexes be furnished the Office of the Register of Deeds of Misamis Oriental, the Office of the Provincial Prosecutor, the Office of the Department of Environment and Natural Resources, Land Management Bureau, Region X and the Office of Land Registration Authority (LRA), Manila. SO ORDERED. April 14, 2011, Initao, Misamis Oriental, Philippines. (SGD) DENNIS Z. ALCANTAR Acting Presiding Judge BWM June 20, 27, July 4, 2011
BusinessWeek mindanao
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July 4-10, 2011
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Aquabest opens first ever Combo 3-in-1 in Pampanga GQWEST Inc., the country’s premier water franchise company, has announced the opening of its first Aquabest 3-in-1 Combostore in Northern Luzon. The Aquabest 3-in-1 Combostore is the company’s latest franchise offering that will revolutionize the water franchising industry. The Combostore franchise integrates three tried, tested, and successful concepts into one. Bundled in the package are GQWEST’s Aquabest, Laundrybest, and Oxyplus brands. Aquabest is the company’s flagship brand, which is shifting to offer structured water.
Laundrybest is the company’s Laundromat franchise, while Oxyplus is their oxygenated alkaline water brand. Individually, the brands are all very successful and widely known; together they form a revolutionary and holistic way of looking at the water franchise industry. The store located in San Fernando Pampanga is operated by franchisee, Andrew Lim. Lim heard about the 3 in 1 Combostore concept from a magazine which convinced him to take up a franchise. He says what convinced him to apply for the franchise was the improved earning
potential the concept provides. He adds that he is confident about his investment because” One of the advantages in franchising Aquabest is that it is already known and accepted by consumers nationwide. Second is the technology Aquabest has allows me to charge a premium allowing me to earn more. Finally since it doesn’t stop innovating we can assure the quality of purified water we are drinking vs. private name water refilling stations.” The Aquabest 3-in-1 Combostore was introduced as part of the company’s “Shift AQUABEST/PAGE 13
AQUABEST inaugurates the first Aquabest 3-in-1 Combostore in San Fernando, Pampanga on June 24. Gracing the opening is (R to L) Almira Antiporda - Corporate Communications Head, Richard Olmedo – Marketing Services Head, Joel Cruz – Marketing & Communications Manager, Andrew Lim – Combo Store Owner and Family. The 3 in 1 Combostore is Aquabest’s newest franchise concept that bundles three franchises into one. The store includes a water refilling station, oxygenated alkaline water, and a Laundromat allowing franchisees triple opportunities and unparalleled convenience for consumers.
Better Sleep IF you are like millions of other people who have sleeping problems, you might be looking for an alternative to usual medicine in order to fix the problem. Insomnia is something that can cause a lot of problems for people, and it is only normal to want to find natural sleep supplements that can help you get to sleep easier. Believe it or not, one of the most common forms of insomnia can result as a lack of certain necessary building blocks like minerals, amino acids, enzymes, and vitamins. Several people have found that just by taking natural sleep supplements that offer to replace some of these missing components, they are able to sleep better and to stay asleep throughout the night. NOW! www.atcrazy.com brings to us the best and healthiest solution for all your sleeping problems! Establish Healthy Sleep Patterns Safely and Naturally with BETTERSLEEP Supplement with 50% Discount! 1 Bottle 60 capsules for only Php 540 (valued at Php 1080) Better Herbs Inc. combines the power of nature and the ingenuity of Science to provide you with the necessary food supplement to reinforce your body’s health. BETTERSLEEP active ingredients consist of adenosine, adenine, uridine, and guanosine, crude polysaccharides, amino acids (aspartic acid, glutamic acid, aminobutyric acid, lysine), Vitamins B1, B2, B6, D2, E, A & K, Beta-Carotene, microelements such as Fe, Zn, Mn, Cu, P, Mg, Ca, and Ge. It also contains sterine, cholesterin, and B-sitosterol. If you want a peaceful sleep without the sleeping pills, try Bettersleep, a complex natural supplement which contains sophisticated and synergistic combinations of natural ingredients specifically designed to help aid sleep patterns. This heavy discounted deal for BETTERSLEEP is only limited! Go to www.atcrazy. com and solve your sleeping troubles now!
Members of the Rotary Club of West Cagayan de Oro with the winners and nominees of the Most Outstanding Public School Teacher Award (MOPSTA) search for the Department of Education – region 10
Ozamiz public school teacher wins Most Outstanding Award THE annual search for Most Outstanding Public School Teacher Award (MOPSTA) of the Rotary Club of West Cagayan de Oro (RCWest) awarded Luzviminda P. Tirol, a Grade 1 teacherSan Antonio Elementary School in Ozamiz City, as the Most Outstanding Teacher during the awarding ceremony held on June 18, 2011, at The VIP Hotel in Cagayan de Oro City. Members of the Rotary Club of West Cagayan de Oro honored public school teachers together with officials of the Department of Education, headed by DepEd Regional Director Luz S. Almeda, and benefactors of the MOPSTA. Ms. Tirol received a cash award of P50,000 and a trophy as she was chosen as the most outstanding public school teacher out of the 15 nominees endorsed by the various DepEd school divisions of Northern Mindanao. Past President and Chairman of the MOPSTA program, Armando “Mandy” Tarayao, also declared the other winners as 1st Runnerup: Hazel R. Balan, a science teacher of Gingoog City Comprehensive High School, Gingoog City, Misamis Oriental, receiving a cash award of P25,000 and trophy; and 2nd Runner-up: Ellen N. Delante, a special education teacher of Malaybalay City Central School, Malaybalay City, Bukidnon receiving cash award of P15,000 plus additional cash award of P5,000
recognizing her efforts in Special Education. The school of Ms. Tirol was also awarded a unit of desktop computer with LCD screen and schools with runners-up received wall fans. The 4 other finalist received a certificate of participation and a consolation prize of P4,000 each. The remaining 8 nominees each received a certificate of participation and a consolation prize of P1,000 each. “Heeding the call of Director Almeda, for the first time in its history, the search for MOPSTA has gone full region-wide - expanding the search to cover the whole area of DepEd Region 10. The MOPSTA committee travelled to different provinces in the region to interview and observe actual classroom teaching of the nominee-finalists” - declared Ferdinand “Edong” Espiritu, President of the Rotary Club of West Cagayan de Oro. The RCWest MOPSTA committee composed of Chairman and Past Pres. Mandy Tarayao, members – Director Moshe Amir, Pres. Ferdinand Espiritu, Past President Modesto Babaylan, Rtn Rodelia Gaylo, and Past President Eileen E. San Juan. “Inspired by personal experiences, the MOPSTA program of the RCWest has been sustained for almost 30 years now”, said Past Pres. Adrian “Loloy” Pabayo, MOPSTA Chairman Emeritus. The
search started with city public schools and even went on for some time to include private and public schools. The focus centered on public school teachers of elementary and secondary levels as the search expanded to other provinces. Original supporter and benefactor of MOPSTA are the family and heirs of the late Mayor Justiniano R. Borja through the Gigi V. Borja Endowment Fund. Justice Romulo V. Borja represented the heirs – Mrs. Cecilia BorjaChiongbian and Mrs. Christine Borja-Sagarbarria., in the ceremonies. Justice Borja, a Past President of RCWest, spoke of the high regard that the late Mayor Borja had for public school teachers and read a portion of his book dedicated to teachers. Other benefactor present was Emmanuel D. Abellanosa, a long time supporter of MOPSTA, representing the Abellanosa Family in honor or their late mother Luneta Dayta-Abellanosa, a public school teacher. Generous supporters also include the RCWest Foundation Inc, Alrose Foundation through Rotary Past District Governor Al Manus and Rosie Manus, Rotarians – Theresa “Bing” Celdran, Almarco Brito, Armando A. Tarayao, GlobalChip Technologies Inc through Rtn. William Malagar, President Ferdinand Espiritu, Inner Wheel Club Past President Remedios SCHOOL/PAGE 13
Scrapaholics’ World at SM City Cebu TAKE out those pairs of scissors and set your creativity free! All About Scrapbooking brings you the biggest and grandest scrapbooking event in the metro – SCRAPAHOLICS’ WORLD – on July 10, 2011 at SM City Cebu Event Centre! And you are reserved front row seats to this exciting place of passion for the arts and life. Fabulous prizes are at stake in the scrapbooking showdown with the following categories – WACKY ME! (Kids Division) and I LOVE FASHION (Adults Division). New to scrapbooking? Don’t you worry ‘coz All About Scrapbooking lined up scrapbooking workshops where you can learn the basics of the art plus lots of cool tips
and techniques. Just purchase the competition kit at P150 to receive a special gift pack and an all-access pass to the amazing Scrapaholics’ World scrapbooking event! So see you all at SM City Cebu Event Centre on July
10, 2011 and experience pure scrapbooking bliss at Scrapbaholics’ World. See posters or like All About Scrapbooking in Facebook for more details. Per DTI-Cebu Permit No. 328 Series of 2011.
12 July 4-10, 2011
MisOr. TOday
BusinessWeek mindanao
MOSCAT social work graduates pass 100 percent on licensure exam By GENESIS V. MONTERDE
CLAVERIA, Misamis Oriental, June 28 (PIA) – A 100% passing rate have been posted by the social works graduates
of the Misamis Oriental State College of Agriculture and Technology, who took the recent licensure exam for social workers. A state-sun college, here,
MOSCAT is about an hour ride away from Cagayan de Oro city and shares the bounty and the richness of the agricultural grandeur of the area. Prof. Ma. Liza Manliquez,
Dean of the MOSCAT Institute of Arts and Sciences, said the faculty members of the college are very proud and honored for the job-well done. She expressed her con-
Laguindingan airport interchange proposed By MIKE BAÑOS Correspondent
CAGAYAN DE ORO -- An interchange project for Laguindingan Airport has been endorsed for approval by the Infrastructure and Utilities Development Committee (InfraCom) of Northern Mindanao’s Regional Development Council (RDC-10). “When the Laguindingan Airport will be completed
by the first quarter of 2012, traffic congestion is expected with increase in volume of traffic along the national highway, specifically along the junction of the IliganButuan-Cagayan de Oro Road and the airport access road,” Jaime H. Pacampara, who heads the secretariat of RDC-10’s InfraCom, said in an interview last week. “This airport road interchange
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 44 Initao, Misamis Oriental PETITION FOR THE CANCELLATION OF DECREE NO. 756492, RE-ISSUANCE OF THE SAME DECREE & FOR ISSUANCE OF ORIGINAL CERTIFICATE OF TITLE IN THE NAME OF MARTIN TUMAMPOC
MC CASE NO. 2011-976 LOT NO. 12342 GLRO CAD REC. NO. 1592 CAD CASE NO. 27 CAGAYAN CADASTRE
SPS. ALFONSO CATARMAN & BRENDA GRACE CATARMAN, Petitioners. x---------------------------------------------------------------------/ ORDER A verified Petition for the Cancellation of Decree No. 756492, Re-Issuance of the Same Decree & for Issuance of Original Certificate of Title in the name of Martin Tumampoc, has been filed with this Court by petitioner-spouses Alfonso Catarman & Brenda Grace Catarman, with the assistance of counsel, alleging among others, to wit: That, petitioners are of legal age, married, Filipinos and residents of 8445 Tulip St., Phase 4, Xavier Estate, Upper Carmen, Cagayan de Oro City; That, petitioners’ predecessor, Martin Tumampoc, was the approved and declared owner, as early as November 29, 1933 of a certain parcel of land covered and embraced by Lot No. 12342 Cad 237, containing an area of Six Thousand Three Hundred Nine (6,309) Square Meters, situated at Alubijid, Misamis Oriental, copies of the Lot Data and the Sketch Plan issued by the Land Management Services of the DENR, are attached as Annex “A”; That the techincal description of the location, area and boundaries of the foregoing parcel of land issued by the DENR, are described as follows: Lot 12342 C-14, CAD-237 MARTIN TUMAMPOC “ A parcel of land (Lot 12342, C-14, Cad-237), situated in the Alubijid, Misamis Oriental, Island of Mindanao. Bounded on the NE, along line 5-1 by Lot 12347 along line 1-2 by Lot 12346., on the SE., along line 2-3 by Lot 12344., on the SW., along line 3-4 by Lot 12343., on the NW., along line 4-5 by lot 12341 all of CAD-237, Cagayan Cadastre. Beginning from a point marked “1” on plan being N., 06 deg., 32 W., 599.97 M. from B.L.L.M. No. 30, CAD-237, Cagayan Cadastre. THENCE: 1-2 S., 62 deg., 39 E., 102.58 M 2-3 S., 31 deg., 06 W., 55.18 M 3-4 N., 62 deg., 54 W., 113.26 M 4-5 N., 29 deg., 25 E., 55.84 M 5-1 S., 61 deg., 31 E. 12.36 M Beginning; containing an area of SIX THOUSAND THREE HUNDRED NINE (6,309) Square Meters more or less. All points refferred to are indicated on the plan and marked on the ground are Old Points Cyl. Con. Mons. 15x60 Cms. Date of Original Survey September 19, 1931, executed by the Chief of Party/Surveryor B. Cabading, and approved on November 29, 1933. That pursuant to the claim of Martin Tumampoc, a Decree was issued under Decree No. 756492, presumably by the then Regional Trial Court of Misamis Oriental, copy of the Certification of such issuance is hereby attached as Annex ‘C’; That the petitioners acquired portion of the above-described property by virtue of a Deed of Absolute Sale of a Parcel of Land, executed by predecessor-in-interest of Martin Tumampoc, a certain Isidra Tumampoc, covering an area of Three Hundered (300) Square Meters, more or less, a certified true copy of which is hereto attached as Annex ‘D’; That per Real Property Historical Ownership records of the foregoing property issued by the Office of the Provincial Assessor of Misamis Oriental, it can be shown that as early as 1987, the copy of the Tax Declaration Number of the foregoing property was already transfered to IsidraTumampoc, by virtue of the Extra-judicial Partition notarized by then Atty. Admiral Labis, copy of the Real Property Historical Ownership is attached as Annex ‘E’; That likewise, when petitioners purchased portion of the foregoing property, Isidra Tumampoc was the declared and registered as owner under Tax Declaration No. 08-18-0004-01736, copy of which is attached as Annex ‘F’; That the records in the Registry of Deeds of Misamis Oriental failed to show that an Original Certificate of Title (OCT) was issued to the said land based on the aforesaid Decree, per Certification issued by the Registrar of Deeds of Misamis Oriental, copy of which is attached as Annex ‘G’; That, likewise, the Office of the Land Registration Authority, Quezon City, certified that the copy of the foregoing Decree No. 756492, issued last August 26, 1941 “is not among the salvaged decrees on file of its office, the copy of the same is presumed to have been lost or destroyed as a consequence of the last World War”, copy of the Certification is attached as Annex ‘H’; That, the subject property is free from all liens and encumbrances of any kind whatsoever; That, the NAMES and ADDRESSES of the owners of adjoining properties as follows, to wit: NORTH : Lot # 12, 13 Benedicto Bajoy and Pedro Labadan Laguindingan, Misamis Oriental EAST : Lot # 27 Isidra Tomampoc, Kibaghot, Laguindingan Misamis Oriental WEST : Lot # 26 Tirso Lomongo, Laguindingan, Misamis Oriental SOUTH : Lot # 30 Macario Lomongo, Laguindingan, Misamis Oriental That there exists no deeds nor instruments affecting the property which have been presented for and pending registration to this date in the office of the Registrar of Deeds of Misamis Oriental; That, in the absence of the true copy of DECREE No. 756492 issued last August 25, 1941, presumably, like any other decree issued at that time, issued by the then Court of First Instance, Province of Misamis Oriental, Hon. Judge Ricardo Summers, as the same was lost and destroyed pursuant to the Certification marked as Annex ‘H’, the basis of the reconstitution of the technical decription of the land herein applied for the cancellation, reissuance of the foregoing Decree and the eventual issuance of the foregoing title shall be the original one issued by the DENR, marked as Annex ‘B’ in the name of the original owner Martin Tumampoc Finding the petition to be sufficient in form and substance, the same is given due course and Order is hereby issued setting the initial hearing on August 25, 2011 at 8:30 in the morning at RTC Branch 44, Initao, Misamis Oriental at which date time and place any person may appear and show cause why the same should not be granted. Petitioners are directed to cause the posting of the said Order at the Barangay Hall of Kibaghot, Laguindingan, Misamis Oriental, at the Municipal Hall of Laguindingan, Misamis Oriental, at the bulletin board of this Court and to cause the publication of this Order at least once in the Official Gazette and also once a week in a newspaper of general circulation, duly accredited by this Court. The Office of Land Registration Authority (LRA), Manila is directed to submit to the Court its Comment to the above captioned petition within thirty (30) days from reciept of this Order. Let copy of the Order together with the petition and its annexes be furnished the Office of the Register of Deeds of Misamis Oriental, the Office of the Provincial Prosecutor, the Office of the Department of Environment and Natural Resources, Land Management Bureau, Region X and the Office of Land Registration Authority (LRA), Manila. SO ORDERED. April 14, 2011, Initao, Misamis Oriental, Philippines. (SGD) DENNIS Z. ALCANTAR Acting Presiding Judge BWM June 20, 27, July 4, 2011
project should be in place to affect traffic congestion prior to the operation of the Laguindingan Airport.” In a meeting last June 14 of the Special Committee of the Laguindingan Airport Development Project, officials of the regional office of the Department of Public Works and Highways presented a proposal to build an interchange along the national highway and linking to the Laguindingan Airport access road. The proposed interchange
will consist of a two-laned elevated highway with an estimated length of 1.5 kilometers including a 25-ton, 60-linear-meter bridge. The project is estimated to cost a total of about P500 million. “Due to the urgency and importance of the project as a complementary infrastructure support facility [of Laguindingan Airport], the RDC-10 InfraCom recommended for approval and endorsement by the full council AIRPORT/PAGE 13
‘BODYFLEX HOLISTIC MASSAGE (CDO, CEBU, DAVAO, BUTUAN, GINGOOG & CAMIGUIN) By: Certified, expert Male/ Female pretty & good looking masseurs Offered: Shiatsu, Swedish,Thai & Sensual Massage Call or Text 639187958578, 09061149906 (088) 3099523 body.flex@yahoo.com Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region BRANCH 07 Tubod, Lanao del Norte DENIECE PERLIE ATES TUPPAL, Petitioner. versus THE LOCAL CIVIL REGISTRAR OF KOLAMBUGAN, LANAO DEL NORTE, Respondent X -------------------------------------------- /
SPL. Proc. No. 240-07-2011 (i) For: Correction of Entry
ORDER A verified petition for correction of entries in the Certificate of Live Birth of DENIECE PERLIE ATES TUPPAL was filed before this Court on May 26, 2011 by the herein petitioner, praying among others that after notice, publication and hearing, an Order be issued directing the Respondent to effect the corrections sought for. Petitioner alleges that she is of legal age, Filipino, and a resident of Barangay Caromatan, Kolambugan, Lanao del Norte. She was born on January 2, 1990 at Barangay Caromatan, Kolambugan, Lanao del Norte. Her said birth was duly registered at the Respondent’s office as evidenced by her Birth Certificate. However, under the entry of her “sex”, the one entered is “MALE” instead of “FEMALE”, her true and correct sex and under the entry of her Mother’s surname which is supposed to be ‘PERPETUA’, the one entered is ‘PERPE UA’, the letter ‘T’ was omitted in her surname ‘PERPETUA’. Such erroneous entries may have inadvertently done by the one who entered the facts of her birth. She had not undergone sex transplant neither she intends to submit for medical operation to change her sex. Set the initial hearing of this case to July 19, 2011 at 8:30 in the morning before the sala of this Court. Any person/s interested to the petition may come to Court on said date and time to show cause why said petition should not be granted. Furnish copy of this Order to the Office of the Solicitor General at Makati City, Office of the Public Prosecutor in Tubod, Lanao del Norte, Office of the Local Civil Registrar of Kolambugan, Lanao del Norte, Public Attorney’s Office in Tubod, Lanao del Norte and to DENIECE PERLIE A. TUPPAL of Barangay Caromatan, Kolambugan, Lanao del Norte. Petitioner is hereby directed to publish copy of this Order citing the petition at Business Week, a newspaper of general circulation for three (3) consecutive weeks, at her expense. So ordered. Tubod, Lanao del Norte. May 30, 2011. (SGD) ALAN L. FLORES Presiding Judge BWM June 20, 27, July 4, 2011
gratulations to the following newly licensed MOSCAT social workers who passed the exam, triumphantly: Almonia, Rhona Pheobe Grace Mendoza, Alolino,
Meralyn Ortiz, Edio, Anelyn Diaz, Isaac, Timotie Amor Ramirez, Isidro, Evangeline Paglinawan, Padilla, Rossana Omila and Pagara, Mariebelle Edusma. (moscat/pia-10)
Opol town recognizes outstanding taxpayers By ELAINE O. RATUNIL
CAGAYAN de Oro City-- Opol town in Misamis Oriental conferred its outstanding taxpayers in the municipality during its 61st Charter Day, recently. During the ceremony, town Mayor Dexter B. Yasay assured the taxpayers that his administration is trying its best that the taxes they pay are put in good use. Hence, he encouraged them to take seriously their corporate social responsibilities and take part in the various programs and projects of the municipality. He also explained to them how important their taxes are in the effort of his administration in reducing poverty. Meanwhile, Regional Director Esmeralda M. Tabule of the Bureau of Internal Revenue Region 16 (BIRR16) said with the bureau’s initiatives and with the taxpayers’ continued
Plans...
from page 1 while, are priced at P8,000 to P9,000 per square meter. The two-hectare upscale neighborhood will only have 77 lots. Lot owners will be provided with catalogs and must submit their blueprints for approval of the company. The company said it would turn over both NorthCrest and Wood Lane lots to buyers by the fourth quarter of 2013. Eden Ridge, for its part, will be located on an elevated area south of the city proper. The project will have 101 lots
NOTICE NOTICE is hereby served to the public that ALLAN MARIO M. MEDIANTE has filed with this office PETITION FOR CHANGE OF FIRST NAME from “WINDEL” to “ALLAN MARIO” in the Certificate of Live Birth of ALLAN MARIO MAESTRADO MEDIANTE who was born JANUARY 24, 1950 at TALISAYAN, MISAMS ORIENTAL and whose parents are DIOGRACIAS T. MEDIANTE and EUFEMIA E. MAESTRADO.Any person adversely affected with said petition may file his/her written opposition with this office not later than January 25, 2011. BWM July 4, 11, 18, 2011
LOT FOR SALE FORMER FILVER GARAGE Cugman, Cagayan de Oro City By appointment only Tel. #: (088) 855 3898 July 4, 11, 18, 2011
support and cooperation, BIR RR16 is confident that together, we could achieve the ideal and lofty aspiration of a “Bagong Pilipinas (New Philippines).” Everyone who is earning income should pay taxes and contribute his/her share in running the government. Patriotism should be rekindled in our hearts and be manifested through the payment of correct taxes to fund the vital programs of the government. “We have to ensure a better country not only for the present but also for the future generations to come,” Tabule added. Further, she said BIR is raising funds for the government through efficient tax collection and the bureau is intensifying its campaign against tax cheats as part of the high profile crackdown on graft by Pres. Benigno Simeon Aquino III and his administration. pia-10 for sale with each lot having an area between 500-955 square meters. Per-squaremeter price is from P6,000 to P6,500. The developments come on top of a rising number of real estate projects in the city which had prompted the local government to remove incentives given to the property sector. Officials had claimed that companies have continued to invest in property development and that removing their incentives, which include three-year exemptions on business tax and real property tax, would not have a negative impact on this sector.
NOTICE NOTICE is hereby served to the public that LINDA ENTERINA BACLEON has filed with this office PETITION FOR CHANGE OF FIRST NAME from “MISTY HEART” to “JUNE ROSE” in the Certificate of Live Birth of JUNE ROSE ENTERINA BACLEON who was born June 25, 1987 at Poblacion, Talisayan, Mis. Or. and whose parents are Romeo B. Bacleon and Linda V. Enterina. Any person adversely affected with said petition may file his/her written opposition with this office not later than January 25, 2011. BWM July 4, 11, 18, 2011
NOTICE NOTICE is hereby given that the intestate estate of the late JOSIE V. COÑALES who both died intestate at Sinayawan, Valencia City, Bukidnon, on December 10, 2009 left a parcel of land described as Lot 12, Block 2, Pcs-10-001537, situated in Alae, Manolo Fortich, Bukidnon containing an area of 129 sq.m covered by TRANSFER CERTIFICATE OF TITLE NO. T-101139, issued by the Registry of Deeds for the Province of Bukidnon, and Tax Declaration No. 02-15-31724 for in consideration of P140,000.00 under Notary Public Atty. Juliano C. Lavisores as per Doc. No. 153, Page No. 32, Book No. 97, Series of 2011. BWM June 20, 27, July 4, 2011
BusinessWeek mindanao
Congress Watch
July 4-10, 2011
13
Solons want natl internal revenue code repealed By ROSE MARY SUDARIA
SECOND district Rep. Rufus B. Rodriguez of Cagayan de Oro and Abante Mindanao Partlylist Rep. Maximo B. Rodriguez Jr. have pushed for the amendment of the country’s internal revenue code by introducing a new bill in the House of the Representatives. The new bill, which the two brothers are filing in the Lower House, is called an “Act amending Republic Act 8424, otherwise known as an amending the National Internal Revenue Code, as amended and for other purposes by removing the tax exemption on sweepstakes and lotto winnings in the Philippines.” “Gross income is defined
by Republic Act No. 8424, other wise known as the Tax Reform Act of 1997, as amended, as except when otherwise provided in this title, gross income means all income derived from whatever source, including (but not limited to) the following items: Prizes and winnings,” they said adding, “as such, it would seem that there is no reason why Philippine Charity Sweepstakes and Lotto winnings cannot be taxed.” The two lawmakers added: ‘‘It cannot be denied that there are instances when the jackpot prizes for the numbers game lotto reach hundreds of millions of pesos and it is not uncommon for jackpot prizes of lotto to reach
MDB...
Airport...
from page 15
from page 12 meeting scheduled on June 28,” Modesto C. Babaylan, private sector representative and InfraCom co-chairman, said separately. The Laguindingan Airport was conceptualized as a replacement for Lumbia Airport in Cagayan de Oro City and Balo-i Airport in Iligan City. Constraints imposed by the terrain surrounding both airports preclude their expansion to cope with rising air passenger and cargo traffic due to increased economic activity in Misamis Oriental, Bukidnon and the two Lanao provinces. Besides terrain constraints, both the Lumbia and Balo-i airports are situated at relatively high altitudes and adverse weather conditions at both sites have occasionally resulted in canceled flights. Latest available data from the Civil Aviation Authority of the Philippines show passenger traffic through Lumbia Airport rising 19.2% to 1.3 million last year from 1.1 million in 2009. Cargo traffic grew even faster by 38% to 22,244.56 metric tons (MT) in 2010 from 16,112.72 MT in 2009.
other awardees, as P/Supt. Joseph B. Boquiren, Best PCR Police Commission Officer; PO3 Leonides S. Yaoyao, Best Police Non-commission Officer; Agusan del Norte Provincial Police Office, Best PCR Office/Unit; Nasipit MPS, Best PCR Office/Unit; Mr. Johann Jake B. Miranda of the Surigao City Chamber of Commerce, Private Individual Award; Mrs. Maria Victoria Trojello of the Rotary Club of Downton Butuan, Private Individual Award; and KARANCHO, NGO Award. Barangay Libertad, Butuan City will receive the Most Supportive Barangay Award, while the Municipality of Sison, Surigao del Norte, LGU Award. Seven commission and non-commission police officers will be given the Medalya ng Pagtulong sa Nasalanta, namely P/CInspector Mangandog B. Arab, Surigao del Norte PPO; P/SInspector Mariano C. Lukban, Surigao del Norte PPO; P/Inspector Edgardo T. Medrano, Dinagat Islands PPO; P/Inspector Charity S. Galvez, Agusan del Sur PPO; SPO4 Primo M. Sagaysay, Agusan del Norte from page 11 PPO; SPO4 James M. Dela Fuerte, Butuan City Police “Remy” Espiritu, and SouthOffice; and SPO4 Leonilo M. land Events Inc through RCWest Director Ann Medes Lagumbay, 13TH RPSB. P/CSupt. Reynaldo Ser- and PP Eileen San Juan. rano Rafal, CEO IV, PRO 13 During the awarding, Eidirector, will lead the award- leen San Juan, Past President ing rites.
School...
100, 200, 300 million and higher. This could amount to much needed tax revenues for the Philippine government. They cited: “In the most recent case of the balikbayan winner of the P741 million jackpot, the US government received over P200 million as tax revenues because the winner is a US citizen. That, they said in their ex-
planatory note, P200 million could have instead gone to the Philippine government if only lotto winnings are taxed in the Philippines. Some of the salient features of the bill include: SEC. 24. Income Tax Rates. -(B) Rate of Tax on Certain Passive Income. (1) Interests, Royalties,
and Adviser for Vocational Service Program of RCWest, presented the process of the search and selection of winners showing MOPSTA as a flagship project of RCWest. San Juan said that “through the MOPSTA and the cooperation of the Department of Education Region X and its benefactors, RCWest continues to recognize the achievement, innovativeness, and dedication of public school teachers and provide inspiration and encouragement for teachers to do more for the future movers of our communities”. Director Almeda thanked RCWest and declared that “Public school teachers of DepEd in Region 10 are no longer unsung heroes because the RCWest is there to recognize, honor and award them for their excellence in their chosen noble profession as educators of our youth”. (Past President Eileen E. San Juan)
declined to 1.61%. Palabrica said, though his office is mandated by the governor to promote the natural family planning, it is also mandated by the national government to also conduct information dissemination and lectures on artificial method as well but, “we are more on information campaign, to inform the people on both but we don’t have the commodities on the artificial family planning, it’s the Department of Health that primarily implements that and what we are doing is just to give information, educate people why such program is there,” Palabrica emphasized. The PopDev officer said many of the province’s constituents have already adapted the natural method as a result of their information campaign, “we just have to educate the people and most important, to teach them that it needs discipline to one’s self when they plan to use the natural way since it also requires abstinence on sex on certain period so there must have to be thorough lecture and information campaign on that, to make them understand,” Palabrica further said.
Bill...
from page 6
It was learned, Bukidnon’s growth rate from 1995-2000 is 2.61%. From 2000-2007, it
Bank... from page 10
From July 2008 until December 2010, the BSP portfolio underperformed the benchmark by 22 basis points on an annualized basis but the 10 external fund manag-
Forex... from page 10
Buys... from page 2
Carmen Copper held by CASOP Atlas Corp. and CASOP Atlas BV. The sale to the SM group is the first of the fund-raising tranches. Atlas also plans to sale another block of 111.2 million shares to its shareholder Alakor Corp. for $50 million. Alakor currently holds around 21% of Atlas. Aside from the share sales, Atlas will issue one- and fiveyear notes to Banco de Oro Unibank Inc., a unit of SM Investments and the Philippines’ largest lender by assets, to raise $197.8 million. The $122.8-million oneyear notes to BDO will be
convertible into 273.1 million Atlas shares, but no terms have been announced yet. On the other hand, the remaining $75 million five-year notes may also be converted into Atlas shares in the event of default. Copper unit Carmen Copper operates the 1,674-hectare Toledo mine in Cebu province. The site is estimated to contain about 1.5 billion tons of ore or about 5 million tons of copper. The Atlas unit plans to spend $200 million to double its annual capacity to 100,000 tons of copper concentrates in two to three years from the current 42,000 tons. Atlas shares closed up 2.7% at P21.25 apiece in the market on Friday.
From July 2008 until December 2010, the BSP portfolio underperformed the benchmark by 22 basis points on an annualized basis but the 10 external fund managers has continued to invest and managed BSP’s portfolios “within the allowable limit set by the BSP.” In the meantime the BSP unwinds FX swaps to return some of the liquidity which would ultimately impact on the levels of both peso and dollar liquidity, and the exchange rate. BSP conducts FX swaps to fund FX balances. It is a financial transaction between two parties which agreed to exchange two currencies at a certain exchange rate in an agreed future date.
ers has continued to invest and managed BSP’s portfolios “within the allowable limit set by the BSP.” In the meantime the BSP unwinds FX swaps to return some of the liquidity which would ultimately impact on the levels of both peso and dollar liquidity, and the exchange rate. BSP conducts FX swaps to fund FX balances. It is a financial transaction between two parties which agreed to exchange two currencies at a certain exchange rate in an agreed future date.
Auction... from page 10
has very little maturities so they want to smoothen the maturities, shift those bunching up maturities to 10.5 (years),” he said. Aside from FMIC, the government has tapped the Land Bank of the Philippines (Landbank), Development Bank of the Philippines (DBP), BPI Capital Corp., SB Capital Investment Corp. and Citi as lead arrangers for the swap. (pna)
Prizes, and Other Winnings. - A final tax at the rate of twenty percent (20%) is hereby imposed upon the amount of interest from any currency bank deposit and yield or any other monetary benefit from deposit substitutes and from trust funds and similar arrangements; royalties, except on books, as well as other literary works and musical compositions, which shall be imposed a final tax of ten percent (10%); prizes (except prizes amounting to Ten thousand pesos (P10,000) or less which shall be subject to tax under Subsection (A) of Section 24; and other win-
nings [(except Philippine Charity Sweepstakes and Lotto winnings)], derived from sources within the Philippines… SEC. 3. Sec. 25 (A)(2) is hereby amended to read as follows: SEC. 25. Tax on Nonresident Alien Individual. - (A) Nonresident Alien Engaged in trade or Business Within the Philippines. (2) Cash and/or Property Dividends from a Domestic Corporation or Joint Stock Company, or Insurance or Mutual Fund Company or Region.
Lawmakers urge BI to speed up Visa processing By ROSE MARY SUDARIA
DEJECTED over how the Visas are processed in the country, Lawmakers Rufus B. Rodroguez of the second district of Cagayan de Oro and his brother, Abante Mindanao Partylist Rep. Maximo B. Rodriguez Jr. filed a resolution in the Lower House asking the Bureau of Immigration (BI) to speed up the processing of Visas. The resolution reads: “A resolution directing the Bureau of Immigration to take steps to speed up the processing of Visas, set up a special express lane or establish a new kind of Visa for Expats from Japan in order to encourage them to work and invest in the Philippines.” The two lawmakers said: “As a result of the earthquake and tsunami that hit Japan last March 11, numerous foreign professionals working in Japan started exiting the country to look for other destinations where they can work.” Japan is struggling to recover from the March 11 quake and tsunami, which
battered the northeast coast and crippled a nuclear power plant 250 kilometers (155 miles) from Tokyo, causing radiation leakages and fears of contamination, said the two brothers in their resolution. It was reported that “countries all around the world are fighting over talent exiting Japan because of the earthquake” and there is no reason why the Philippines cannot be one of the preferred destinations. These, they explained, expats could bring with them a wealth of knowledge and possible investments which could definitely help the Philippine economy. “Our neighbors, like Hong Kong, already started is speeding up approval of work visas for professionals fleeing quake-hit Japan,” the added. The Bureau of Immigration should look into the possibility of relaxing the visa requirements for these expats and expedite their processing in order to attract these expats to the Philippines, the lawmakers said.
Aquabest...
and better margins. Compared to other water franchising concepts, it is more efficient and sustainable. It does this by maximizing the use of every resource from the water to the manpower of each store. Aquabest has a nationwide network of around 500 stores and is considered among the leading players in the water franchising industry. The campaign would involve upgrading the individual stores with the company’s exclusive Grander Technology.
from page 11
Happens Campaign” that aims to change the way people see and experience water. Franchisees of the Combostore stand to benefit from the expanded target market and synergies resulting from the fusion of the three brands. This triples their opportunities and chances for success without spending to individually invest in the three brands. The concepts offer a faster return period
NOTICE NOTICE is hereby given that MR. JEFFREY S. CO, has filed with the Housing and Land Use Regulatory Board, a sworn statement for the CANCELLATION OF LICENSE TO SELL, located at Poblacion, El Salvador City, Misamis Oriental, described as Lot Nos. 1-34, Pcs-10-003952 and covered by TCT Nos. 47469 to 47483, 484500, 474501, 55768, 55770, 55771, 55773, 55775, 55777, 55779, 55781, 55783, 55785, 55787, 55789, 55791 and 55793. Any valid objection may be filed in writing with the Housing and Land Use Regulatory board, Northern Mindanao Region, 3/F Dupoint Building, Velez Street, Cagayan de Oro City with telephone number 272-1466, within ten (10) days from the date of publication.
BWM July 4 & 11, 2011
14
Aggie News
July 4-1, 2011
BusinessWeek mindanao
DA 10 distributes Coffee Hullers to LGUs and MAFCs THE revival of the coffee industry in the region is now on ground as Department of Agriculture ( DARFU 10) Regional Field Unit 10 through the High Value Crops Development Program ( HVCDP) distributed seven (7) units of Coffee Hulling Machine to different Local Government Units (LGUs) and Municipal Agriculture and Fishery Councils (MAFCs) in the region. Seven units (7) of Coffee Hulling Machines or Coffee Huller worth P115,000 each were given to the municipalities of Pangantucan, Malitbog ,Dominorog, and Manolo Fortich all in Bukidnon , Opol and Claveria in Misamis Oriental and Iligan City in Lanao del Norte. Each unit is in compact form shifter with
hulling capacity of 6-7 bags per hour, engine capacity of 10-12 horse power(hp) with a length of 6 feet and a height of 5 feet with shifter width of 24 inches. A Coffee Hulling Machine is a post harvest facility used to remove the parchment layer from wet processed coffee or the entire dried husk of the dried cherries. This post harvest facility is very important as it reduces acidity of the coffee beans during milling stage. The giving out of the Coffee Huller was conceptualized under the Coffee Development Program of the agency with the main goal of reviving the once active coffee industry in the region. In order to operationalize the project a Memorandum of Agreement ( MOA) was signed by and
between the Department of Agriculture, Local Government Units (LGUs) and Municipal Agriculture and Fishery Councils (MAFCs). It is stipulated in the MOA that DA will provide the coffee hulling machine but the engine will be provided by the LGU. Trainings on coffee production and operation of the unit will also be conducted by DA as well as the conduct of periodic monitoring to ensure its successful implementation. However, the Municipal Agriculture and Fishery Council’s equity will be the labor for the construction and fabrication of the engine base of the hulling machine, materials for the housing of the facility and the operation and maintenance of the project. Aside
Our Ham Products The famous SLERS Jamon de Cagayan also known as Legham is prepared the old- fashioned way: a long process of salt curing and natural smoking. This ham is fully cooked packed in a “katcha” cotton bag ready as a giveaway present or to eat. Country Style Ham, the flagship product of SLERS, is prepared naturally and dry-cured in salt, smoked over fragrant hardwoods, and is aged at least six months. A perfect addition to your dining table during special occasions, festivities, and Christmas Holidays. Picnic Ham, also known as pork shoulder, undergoes the same smoking process that gives it that distinct taste inherent in ham but is served with the skin on providing it with a unique texture. The SLERS Pearshaped Ham, visibly unique, is distinctively cured to bring out a special type of sweetness, with just the right amount of salt to give this tender meat its unmistakable great taste. Sweet ham, as the name suggests, is thinly sliced ham that will delight the entire family with its lovely texture and sweet flavor.
Beef Pastrami is naturally smoked, rolled and garnished with generous amounts of ground black pepper and other spices. This extraordinary dish is great on its own.
SLERS Corporate Office
Velez corner Del Pilar Streets, Cagayan de Oro City Phone (088) 855-1438
Ham and Cafe Outlets
Cagayan de Oro Velez Corner Del Pilar Streets Phone Numbers (088) 855 2426 and (0923) 4199865 Manila: SM City North Edsa, Skygarden Phone numbers (0922) 7179528
from the engine, the Local Government Units ( LGUs) will provide the foundation for the engine and other needed materials to bring together the entire hulling assembly, impart technical know-how to the Farmer’s Group for the maintenance of the project and conduct regular monitoring and shall undertake all efforts to make sure that the equipment shall be used in a manner most favorable and advantageous to the coffee industry. The Department of Agriculture is hopeful that with the distribution of this Post Harvest Facility coffee sufficiency will be achieved as well as the objectives lined up by the agency to successfully revive the coffee industry. # (suzy may roa- fabular)
The DA-10’s celebration of the department’s 113th Anniversary is in full swing as Regional Executive Director Lealyn A. Ramos (middle) leads the employees to merry-make such auspicious event. Assisting her in encouraging the employees to cheerily commemorate the Anniversary are Regional Technical Directors Constancio C. Maghanoy, Jr. (left) and Engr. Roxana H. Hojas (right).
Plenty of victors flaunt their widest grins as they have received their hard-earned awards from RED Lealyn A. Ramos and RTDs Constancio C. Maghanoy, Jr. and Engr. Roxana H. Hojas. Standing out from the bunch of honorees is Virgilia C. Rendon who’s won a prize for impressively bringing the highest number of DA uniforms, garnering more than 20 pairs (second, top right photo).
DA commemorates 113th Anniversary CAGAYAN de Oro City – Festive spirits have filled the Department of Agriculture Regional Field Office 10 (DA-10) as its employees celebrated the agency’s 113th Anniversary on June 23, 2011, along with the other regional field offices across the country, following the department’s formation 11 days subsequent to the proclamation of the Philippine Independence on June 12, 1898 as the Department of Agriculture and Manufacturing (DAM) by then President Emilio Aguinaldo. This year’s theme “Pagkain na Sapat, Kalayaan sa Kagutuman ay Ganap” aptly embodies the prevailing thrust of the agency in providing sufficient, affordable and nutritious food for every Filipino and in creating stable jobs and livelihoods for better sources of income. In her message, DA-10
We are now open everyday, Mondays to Sundays and on Holidays
Regional Executive Director Lealyn A. Ramos accentuated the significance of DA’s development throughout the years that have molded the department to what it is now today. “We should be grateful for the people ahead of us who have built the foundation in improving the agricultural sector of the Philippines.” To fittingly observe the agency’s milestone, DA-10 held a Thanksgiving Mass, Team Building Games, Bingo Socials and Aero Dancing which were all geared in strengthening good relations among its employees, while bringing to light on reminiscing earlier experiences that continue to be of great value at the present times. Accordingly, harmony would flourish among them that would capably pave way to serve and transform their clienteles into productive cultivators of lands. Since its original name of DAM, the department has changed its name in several occasions to the Insular Bureau of Agriculture, the Department of Agriculture and Natural Resources, the Department of Agriculture and Commerce, and the Ministry of Agriculture. At this point, DA continues to rally the plummeting of poverty incidences in marginalized areas while pushing for food security and selfsufficiency – the foremost goal of the agency. Backed up by the overall leadership of the 46th appointed Agriculture Secretary and one of the principal authors of the Organic Agriculture Act of 2010, Proceso J. Alcala is fervent to boost rice production by increasing rice planting areas (uplands, marshlands and idle farmlands) while striving for the elimination of overdependence on rice imports. ### (joanne l. olson, da-10)
BusinessWeek mindanao
July 4-10, 2011
15
HOTELS RESTAURANTS
MDB gets award
Pryce Plaza Hotel
Carmen Hill, CDO, Tel. No.722791 to93/858-4537 E-mail:reservations@pryceplaza.ph
Hotel Koresco
By ARJAY S. FELICILDA Caraga Regional Bureau Chief
Pueblo de Oro Golf Course,CDO, Tel. No. [088] 858-2381/ 859-2294, E-mail:hotelkoresco@yahoo.com
BUTUAN City – Seven media outlets in Cagara Region are listed as among the 16 awardees in this morning’s kickoff ceremonies for the 16th Police Community Relations (PCR) Month Celebration inside Camp Camp Rafael C. Rodriguez, Libertad this city. Regional Director Abner M. Caga of the Philippine Information Agency (PIA 13), in his SMS advisory Saturday, enumerated the awardee-media outlets, as the Mindanao Daily Balita (MDB) – Caraga Bureau, ABS-CBN Butuan, DXJM Butuan, DXBC Butuan, DXBR Bombo Radyo Butuan, Butuan Star and the PNP Press Corps – Caraga. MDB is the sister publication of BusinessWeek Mindanao (BWM), with main offices in Cagayan de Oro City. The award will be received by this reporter, in his capacity as BMW/MDB Caraga Regional Bureau Chief. In a separate advisory, PSupt Martin Mercado Gamba, PRO13-RPIO, named the MDB/PAGE 13
Mallberry Suites
Limketkai Drive ,CDO, Tel. No. [088]854-3999 / 854-7999 E-mail:info@mallberrysuites.com
Dynasty Court Hotel
Tiano-Hayes Sts. CDO, Tel. No. 726876 / 726962 / 857-5410 E-mail:dynasty@philcom.ph
The Marigold Hotel Velez cor. Luna Sts, CDO Tel Nos. 856-4320, 726937
Marco Resort Tel. No. 732182 / 855-220
VIP Hotel
A.Velez St. CDO, Tel. No. 726080 / 726590 / 856-2505 E-mail: info@theviphotel.com.ph
Philtown Hotel
Makahambus-Velez St. CDO,Tel. No. 723089 / 856-1813
De Luxe Hotel
Capt. V. Roa St. CDO, Tel. No. 726527 /857-2144
Maxandrea Hotel
J.R. Borja St. CDO, Tel. No. 729943/ 857-2244 / 857-4154
Grand City Hotel
A.Velez- Sts. CDO Tel. No. 723551 / 723658 / 857-1900
Hotel Conchita
Yacapin Ext. CDO, Tel. No. 727356 / 856-3856 E-mail:hotelconchitapge@yahoo.com
Harbor Lights Hotel
Sinuglaw Fest starts CAGAYAN de Oro’s 3rd Sinuglaw Festival formally begun July 1 up to August 31. The event is aimed to identify and promote “sinuglaw” as a truly Kagay-anon dish with its distinctive taste that we can offer to our guests, tourists and locals alike. Also a prelude to the biggest and longest running Culinary Show in the Philippines, the 15th “ KUMBIRA Culinar y Show and Live Competitions” of the Cagayan de Oro Hotel and Restaurant Association (COHARA) which will be held on August 17-19, 2011 at the Atrium of Limketkai Mall,
Cagayan de Oro City. “Sinuglaw “ is a combination of sinugba and kinilaw. “Sinugba” refers to the grilled pork sliced into bite-size pieces that is already a dish in itself, while “kinilaw” is the raw fish soaked slightly in coconut vinegar merged with onions, suwa (native lime), tabon-tabon, ginger, and salt.(Sometimes, either mayonnaise or coconut milk is used). All these are mixed together. The use of ‘tabon-tabon’ and ‘suwa’ gives the distinctive feature of a Kagay-an Sinuglaw. The Festival will be participated by the following COHARA Member
DO U LUK OLDER DAN UR AGE? Y?
Scientific Research has proven that STRESS & EXTREME TENSION without an outlet may be the cause of up to 80% of many diseases, including high blood pressure, ulcers, insomnia, and sexual problems. STRESS whether physical or emotional shows in the body, & it makes you look years older.
Gusa, CDO Tel. No. 724878 / 855-6060
Country Village Hotel
Carmen, Cag. de Oro Tel. No. 71-22-03, 71-22-01, 7122-05
Southwinds Hotel
Capt. V. Roa Sts.CDO,Tel. No. 727623 / 724803 / 856-2036 E-mail:i_agudo@hotmail.com
Hotels and Restaurants: Mom’s Corner/Casa Crystalla, Chali Beach Resort, De Luxe Hotel , Dynasty Court Hotel, Duka Bay Resort, Grand City Hotel, Hotel Conchita, Hotel Koresco, Kingston Lodge, Pryce Plaza, Xavier Sports & Country Club, Southwinds Hotel, The VIP Hotel, N Hotel, Bigby’s Café,
Cucina de Oro, La Ilongga Fastfood, Kagay-anon Restaurant, Max’s Restaurant, Slers Ham & Café, Tabing Dagat Restaurant, Siam Thai Restaurant and DM Villaruy Restaurant. So come and visit them and have a taste of one of Kagay-an’s dish- SINUGLAW from July 1 to August 31, 2011!
PANEDOTTE PASTRIES
Apple Tree Resort and Hotel Taboc, Opol, Misamis Oriental, Tel. Nos. 754525/ 754263/ 3091986, Fax No. (8822) 754497
Discovery Hotel
Limketkai Drive, CDO tel. No. 72-78-14, 72-73-20
Pearlmont Inn
Limketkai,Drive,CDO Tel. No. 729111 / 856-2654 / 729455
Red Palm Inn
EVChaves Building, Capistrano corner Cruz Taal Sts. Cagayan de Oro City Tel. No. 721197 and 8562671 Cell No. 0908-885-5643 Email: redpalm_inn07@yahoo.com
Cagayan Riverview Inn
Vamenta Boulevard, Carmen CDO, Tel. No. 729039/858-4247/ 858-4245, E-mail:river@philcom.com
Chali Beach Resort
Cugman,CDO,Tel. No. 723929 / 855-2108 E-mail:chali_beach@yahoo.com
Nature Pensionne
Toribio Chavez Sts., CDO Tel. No. 723598 / 723718 / 857-2274
NEW DAWN PENSIONNE
TREAT YOURSELF TO THAT WELL DESERVED REST & RELAXATION & BRING THAT YOUTHFUL GLOW BACK TO LIFE.
Velez-Macahambus Sts, CDO Tel Nos. 8571776, 721776 email : gchreservation@yahoo.com
Middleton Apartelle Lirio St. Carmen, CDO Tel. No. 723665 / 723580 / 858-4839
Sir George Pension House Visit us now!
- GOLDEN BLIND!
Golden Blind Masseurs Honest to Goodness Shaitsu & Sweddish Therapeutic Massage Services complemented with Facial Strokes, Accupressure and Reflexology. GOMEZ-PABAYO STS., infront of CHANA BEAUTY SALON Tel. Nos. 856-4841 or 857-4659
Present this ad and get P20.00 off from our regular rate.
PANEDOTTE PASTRIES are available at Tagoloan, Misamis Oriental, just in front of the Senior Citizens Center in Tagoloan, Misamis Oriental with Tel Nos. (08822) 740-211, (088) 856-2419; Cell Phone Nos. 0917-706-2247 and 0917-706-1516, or visit them at 162 M.H. del Pilar –Velez Sts., Cagayan de Oro City
Pabayo-Gaerlan St. Cagayan de Oro City tel. No. 856-1990, 856-2004, 856-4447
Miami INN
Vamenta Boulevard, Carmen , CDO Tel No. 858-1901, 72-52-79
DINAH’S BEACH RESORT
Brgy san Juan, Gingoog City Tel No. (088) 861-3044
Malasag Eco Tourism Villages Cugman, CDO Tel. No.855-6183 [088]309-3752
16
BusinessWeek mindanao
July 4-10, 2011 BRANCHES 1. QAPI - CDO 2. QAPI-ILIGAN
ADDRESS
CONTACT NUMBER
72-40-58/857-4113 063-221-3646 0917-632-5305 3. QAPI-VALENCIA T.N. PEPITO ST. 088-828-2090 0917-632-5306 4. QAPI-BUTUAN COR. MONTILLA VILLANUEVA ST. 085-815-2422 0917-632-5301 5. QAPI-PAGADIAN SAN FRANCISCO DISTRICT 062-214-1754 0917-632-5308 6. QAPI-OZAMIZ J.P. RIZAL COR. LAUREL ST. 088-521-0917 0922-650-1879 7. QAPI-SURIGAO MAGALLANES ST. 086-826-1170 0917-632-5310 8. QAPI-DIPOLOG GEN. LUNA COR. OSMEÑA ST. 065-212-4327 0922-3045-290 9. QAPI-GENSAN SUN CITY SUITES NAT’ HI-WAY 083-301-9002 10. HAPI-OSMEÑA OSMEÑA EXTENSION, 72-63-13/856-4019 11. HAPI-DUMAGUETE MARIA CRISTINA ST. 035-225-1581 0922-8501-349 12. HAPI-TAGBILARAN C.P. GARCIA AVE. 038-235-3037 0922-8501-877 13. SAPI-CARMEN VAMENTA BOULEVARD 858-1660 14. SAPI-PALA-O PALAO EXTENSION 063-221-2607 0917-632-5313 15. RAPI-CAPISTRANO CAPISTRANO ST. 856-4929 16. RAPI-TACLOBAN ZAMORA COR. STO. NIÑO ST. 053-325-9957 0917-632-5339 17. CQ-LIFESTYLE CENTER J . R . B O R J A S T . 57-9001-04/ 714136-37 / 857-9094 0922-8228071 18. CQAI-CEBU OSMEÑA BOULEVARD 032-254-5899 0922-8228-068 19. CQAI-IPIL PRES. QUIRINO ST. 062-333-2491 0917-632-5321 20. CQAI-ZAMBOANGA ZONE 3, NUÑEZ ST., 0922-8501-339 062-992-2890 21. CQAI-MARANDING HIGHWAY, LALA, LDN 063-388-7116 0917-632-5333 22. CQAI-ORMOC AVILES ST. 053-255-7593 0922-8501-359 23. CQAI-SIDANGAN ZAMORA ST. 065-224-2802 0917-632-5336 24. CQAI-TALISAY BULACAO TALISAY CITY 032-272-1192 0922-8228-065 25. CQAI-TAYTAY No. 9 RIZAL AVE., 02-669-1182 0922-8228-067
Available at:
J.R. BORJA ST., C.D.O.C. DY PICO BLDG., LUNA ST.
THE DIRECT BENEFITS IN USING THIS FILIPINO TECHNOLOGY ARE THE FOLLOWING 1. Time-tested for almost 25 years against heat, wind and excessive rains; 2. More or less 50% savings on cement usage; 3. Five times stronger than concrete hollow blocks (CHB) 4. More or less 40% savings on total construction cost; 5. Very good refractory qualities; 6. Ideal for housing material in hot and humid places; 7. Naturally beautiful, no need paint; 8. Termite resistant; 9. Superior impermeable composite-clay-like material as liner for the establishment of sanitary landfills (SLF) This Technology is 100% health and environment-friendly and has gained positive international reviews. Intact, researches have found out that bricks made from fly ash-fine ash particles captured as waste by coal fired power plant-may be even safer than predicted. Instead of leaching minute amounts of mercury as some researchers has predicted, the bricks apparently do the reverse, pulling minute amounts of the toxic metal out of ambient air (Science Daily, May 29,2007). A study of the freight Pipeline Company (FPC) entitled Test of Mercury Vapor Emission from Fly Ash Bricks involved placing fly ash bricks inside an environmental test chamber (E-chamber) where air was pumped in and out of the chamber at a constant flow rate. The experiments revealed that the mercury flux emitted from fly ash brick was actually negative, meaning that the fly ash bricks not only did not release or emit mercury vapor, they actually absorb mercury from the ambient air, rendering the ambient air cleaner than without the bricks.
There are concerns in the public and even in the press about the safety of using fly ash bricks or buildings, especially when using the bricks indoors. The concern is based on the feeling that fly ash, being a power plant waste material must contain some pollutants such as heavy metals (e.g. mercury), which if exceed any safe level, may cause health problems. The experiment proved that such concern is unwarranted for the following reasons: 1. The amount of haradous materials (such as mercury and other heavy metals) contained in fly ash is normally well within 1ppm (part per million), which is classified by scientists as ‘trace substances.” The amout of such pollutant is of the same order of magnitude as that found in ordinary soils, concrete and other currently used construction materials. 2. Once made into bricks, the pollutants in the fly ash become locked (solidified) inside the bricks making even more difficult to escape from the interior of the bricks to cause problems. So, making fly ash into bricks must be one of the safest ways to use fly ash. (Henry Liu, Shankha Benerji, William Burkett & Melissa Shinn; freight Pipeline Company, Missouri, USA) 3. Latest laboratory test was conducted by the University of the Philippines-natural Science Research Institute signifying the result of Analysis using Atomic Absorption Spectrophotometry (aas) that the brick power used as raw materials is less that the Method Detection Limit (MDL) for Mercury content. (Report no, 08103,UP-NSRI)