JUNE 22,2012 BUSINESSWEEK MINDANAO by BusinessWeek Mindanao

RURAL TRANSIT BACHELOR EXPRESS

“First in Service, Foremost in Fleet Maintenance”

BusinessWeek

THE NEW HD BOX. ONLY FROM PARASAT

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com Issue No. 83, Volume III • June 22-24, 2012

Editorial: 088-856-3344 • Advertising: 0917-7121424

P15.00

Market Indicators

AS OF 5:43 P.M., JUNE 21, 2012 (Thursday)

FOREX

PHISIX

US$1 = P42.21

5,154.37 points

.05 cents

;

7.91 points

;

Briefly P1B investments

THE Department of Trade and Industry (DTI) have monitored a total of P1.06-billion new investments in Northern Mindanao for the first quarter of 2012. This amount is higher by 41 percent compared to the P755.27-million worth of investments that poured in the region during the same period last year, said Engr. Cecilio Y. Clarete, Chief Economic Development Specialist of the National Economic Development Authority Regional Office 10. Except for Lanao del Norte, all other provinces in the region registered increases with Misamis Oriental, taking almost half of the total regional investments or about 43 percent.

Promoting PPP

GOVERNMENT agencies composed of the Department of Labor and Employment (DOLE), Provincial Government of Agusan del Norte, and Technical Skills Development Authority (TESDA) has signed a memorandum of agreement with EMCO Plywood Corporation and Equi-Parco Construction, Inc. in support to the public-private partnership (PPP) of the national government. This developed after it was observed that unemployment and underemployment continue to be the perennial problems of Caraga Region and that these problems are attributed to many factors, among which are hard to fill positions due to lack of required skills among the labor supply and job mismatch between available jobs with jobseekers.

By APIPA P. BAGUMBARAN, Contributor

ORTHERN Mindanao showed a positive revenue performance for the first quarter of 2012 according to the National Economic and Development Authority (NEDA), Regional Office 10 when it presented to the members of the media the economic performance of the region last week. According to the NEDA-10, the region showed such performance during the first quarter as it posted P1.43 billion tax collections and P1.36 billion customs collections, which are higher by 26 and 18 percent, respectively, compared with the same period last year. Investments monitored by the Department of Trade and Industry (DTI) also amounted to P1.06 billion during the period, up by 41 percent compared to the same period last year. Coconut-based products consisting of REVENUE/PAGE 2 HOMELESS. The city of Cagayan de Oro is fast becoming a haven for homeless people making the sidewalks as their sleeping quarters.

Copper-gold project shelved due to Nadecor infighting

PHOTO BY GERRY L . GORIT

SM’s Henry Sy remains richest Filipino: Forbes

By CARMELITO FRANCISCO Correspondent

DAVAO City -- The Mines and Geosciences Bureau has shelved the declaration of mining project feasibility for King-king copper-gold project in Pantukan, Compostela Valley mainly due to a conflict within shareholders of the local project proponent Nationwide Development Corp. (Nadecor). Edilberto L. Arreza, head of the regional Mines bureau, also dismissed the allegation COPPER-GOLD/PAGE 11 SY: worth $9.1 billion

SHOPPING mall magnate Henry Sy has again topped Forbes.com’s list of the 40 richest Filipinos. According to Forbes.com, the 87-year old Sy and his family has a net worth of $9.1 billion, or about P385 billion. He owns SM Investments, a conglomerate that runs 43 malls in the country and five in China, the Philippines’ biggest bank, BDO, and the country’s fastest-growing condominium developer, SMDC.

His son, Henry Jr., has a joint venture with State Grid Corp. of China that holds the 25-year concession for the Philippines’ power transmission highway. Second on Forbes’ list is tobacco tycoon Lucio Tan and family, who was estimated to have a net worth of $4.5 billion, or about P190 billion. Besides controlling the Philippines’ tobacco monopoly in a SM/PAGE 11

Butuan braces for next Mindanao biz confab By JENNIFER P. GAITANO Contributor Beside U.C.C.P., C.M. Recto Ave., Nat’l Highway, Cag. de Oro City

Cell No.: 0917-304-6195

BACK TO SCHOOL PROMO!

Trained by:

RICKY REYES & DAVID’S SALON Makati City

BUTUAN City -- The Butuan City government led by Mayor Ferdinand Amante Jr. together with other government agencies, Butuan Chamber of Commerce, and stakeholders stepped

up preparations for the 21st Mindanao Business Conference slated August 2-4, 2012 to be held at the Almont Hotels’ Inland Resort here. This activity is anchored on the theme, “Invest Mindanao: Towards a More Inclusive, Progressive and Greener Future.”

The said activity is in time with the Adlaw Hong Butuan (Butuan Charter Day) celebration on August 2, 2012 which will celebrate Butuan’s status as a city. It honors Butuan’s municipal officials, citizens, and past leaders who have contributed their loyalty and efforts to

the city. It will also present the city’s modern culture through street parties, beauty pageants, and motorcades. According to Marlon Libot, Business Support Organization Team Leader of the Growth with Equity in Mindanao, a non-governCONFAB/PAGE 7

June 22-24, 2012

Economy

BusinessWeek

MINDANAO

Normin fisheries production slightly down by 1% in Q1 By APIPA P. BAGUMBARAN, Contributor

FISH production in Northern Mindanao dipped slightly by one percent in the first quarter of 2012, compared to the 35,558.38 metric tons registered during the same period last year, the regional National Economic Development Authority (NEDA) said. This came about as both commercial and municipal fishing posted decreases in production of seven and three percent, respectively, sa id N EDA-10 Ch ief E conom ic Development Specialist Engr. Cecilio Y.

Clarete. He said total production for com mercia l f isher y, which accounts for 23.9 percent of the region’s total f isher y production, was recorded at 8,426.8 metric tons in 2012, lower by 612.9

metric tons compared to the 2011 production of 9,039.7 metric tons. Municipal fishery production which accounts for 27.4 percent of the total f isher y produc t ion a lso went down by 306.9 metric tons, from 9,984.18 metric tons in 2011 to 9,677.27 metric tons this year. Clarete said lesser fishing trips experienced in the region due to rough seas, strong winds and big waves, as well as depletion of stock, have contributed

to the negative outputs. The decline in demand for marine products due to “fish scare” in the first two months after the onslaught of tropical storm Sendong aggravated t he poor performance of the commercial and municipal fisheries, he added.

Conversely, aquaculture production which accounts for 48.6 percent of the total fishery production slightly increased by four percent, from 16,534.50 metric tons in 2011 to 17,178.39 metric tons in 2012. According to Clarete, seaweed production, which

g rew by t wo percent to 10,509.43 metric tons, has been the top contributor to aquaculture production. He said proper cleaning of seaweed farms, usage of vanguard variety, and increased length of some lines contributed to t he increase.

P-Noy vows to look into ARMM project delays By JEANEVIVE D. ABANGAN Contributor

DAVAO City -- President Benigno S. Aquino III vowed to investigate delays in the implementation of the P8.9 billion Autonomous Region in Muslim Mindanao (ARMM) Transition Investment Plan. Addressing delegates to the ARMM Convention on Local Governance in Davao City yesterday, President Aquino expressed regret that

he could not report on the Plan’s accomplishments as most projects have not yet started or are still ongoing. Among the delayed projects is a P200 million rural electrification program of the National Electrification Administration due for completion by October 2012. He promised to immediately convene the concerned national agencies involved the Plan’s implementation to know what caused these delays. “Patapos na po iyong

second quarter ng 2012; sana may maganda silang paliwanag bakit “not yet started (The second quarter of 2012 is about to end. I hope they have good reasons for the delays),” he said. The President said the ARMM transition fund covers projects on potable water system for 77 ARMM areas, infrastructure for health, core shelter assistance program, farm-to-market roads, roads and bridges and rural electrification.

BFAR warns public of red tide toxin in Murcielagos Bay OROQUIETA City -- The Bureau of Fisheries and Aquatic Resources (BFAR) has continually warned the people of Misamis Occidental not to gather, not to sell, and not to eat the shellfish and minute shrimps harvested from Murcielagos Bay. This is because the shellfish from Murcielagos Bay located in the boundary of Mis. Occ. and Zamboanga del Norte have been found to still contain the red tide toxin or paralytic shellfish

poisoning, Gilda A. Abao, Provincial Fishery Officer sa BFAR-Mis. Occ., said. Murcielagos Bay extends to the coastal barangays of the towns of Baliangao and Sapang Dalaga in Misamis Occidental. Shellfish Bulletin No. 14, series of 2012, published by BFAR, last June 4, show that the laboratory results done on the shellfish and minute shrimps said it is not safe to gather, harvest, sell or eat the shellfish and minute shrimps

harvested from the bay. Based on the latest laboratory results conducted by BFAR and the local government units on the shellfish and minute shrimps in the area, the red tide toxin of paralytic shellfish poisoning is tested as positive. Pe ople h ad to m a k e sure that the fish, squid, shrimps, crabs they will eat had to be cleaned and cooked t horough ly, a nd their entrails thrown away, Abao added.

Revenue...

downward trends, matured coconut production in the region grew by eight percent reaching 421 million nuts during the quarter. Copra and green nut productions also went-up by nine percent and 20 percent, respectively. Average inflation rate, on the other hand, was at 4.5 percent, the peak being in

January at 5.5 percent, and steadily going down through March to 3.7 percent. It was largely driven by the food and non-alcoholic beverages commodity group, which carries the biggest weight among the 11 commodity groups. Engr. Alan L. Olavides, chief of the Project Development Investment Programming and Budgeting Division of the NEDA-10, said the media forum is being conducted by NEDA once every quarter in recognition of the role and power of the tri-media in disseminating releva nt i nformat ion to target audiences. We are sharing information on regional development par ticu larly t he region’s economic performance and other current issues and events requiring widespread community support to promote social and economic change, he said. The resolutions passed by the Regional Development Council during its 93rd full council meeting and the priority programs of the Technical Education a nd Sk i l ls Development Authority for the year 2012 were also presented during the forum.

from page 1

coconut oil, oleochemicals, a nd desiccated coconut remained the region’s top export commodity comprising 58 percent of the regional total exports valued at $180.80 million. Unlike palay and corn production, which posted

BusinessWeek

MINDANAO

Corpboard

CEB to begin Davao-Kalibo and Puerto Princesa flights THE Philippines’ largest national flag carrier, Cebu Pacific (PSE:CEB) will launch direct flights from Davao to Kalibo and to Puerto Princesa on August 1, 2012. This is in time for the delivery of three more brand-new Airbus A320 aircraft in the 2nd half of 2012. CEB is slated to operate a four times weekly service every Tuesday, Thursday, Saturday and Sunday from Davao to Kalibo and to Puerto Princesa. It will be the only airline offering these routes. From Davao, CEB current ly operates 8 dai ly f lights to Manila, 4 daily f lights to Cebu, daily f lights to both Iloilo and Zamboanga and 4 weekly flights to Cagayan de Oro. It posted a 17% passenger growth in the 1st quarter of 2012, as compared to the same period last year. “These routes will be launched just in time for Davao’s Kadayawan Festival in August. It will open up new markets from Palawan and Aklan, especially since fares to Davao and vice versa are now 55% lower with direct f lights,” CEB VP for Marketing and Distribution Candice Iyog said. “CEB’s extensive route network will also encourage Davao’s top tourist ma rke t s f rom t he US ,

Japan, South Korea, China and ASEAN to proceed to Davao af ter v isiting Palawan or Boracay. We believe in Davao’s potential for tourism, as the la rgest a i rl i ne oper ating from this hub,” Iyog added. Department of Tourism Region 11 Director Art Boncato said, “Direct flights most definitely help us achieve our tourism targets. The modern-day traveler prioritizes seamless travel when choosing the destinations to visit. These direct f lights would certainly hasten our tourism growth since we a lready have a mple products and services fit for various markets.” He described the Davao region as an eco-tourism destination, where travelers can go on a fun adventure from its islands to highlands terrain. Davao City also aims to be a leading venue for meetings, incentives, conferences and exhibits (MICE) in the country with facilities

t hat ca n accommodate 5,000 delegates, and more than 7,000 hotel rooms. For bookings and inquiries, guests can go to www.cebupacificair.com, or ca l l t he reser vat ion hot lines (02) 7020 -888 or (032) 230-8888. The latest seat sales and promos can also be found on CEB’s official Twitter and Facebook pages. CEB currently operates 10 Airbus A319, 20 Airbus A320 and 8 ATR-72 500 aircraf t. Its f leet of 38 aircraft – with an average age of 3.6 years – is the largest aircraft fleet in the Philippines. Between 2012 and 2021, Cebu Pacif ic will take delivery of 22 more Airbus A320 and 30 Airbus A321neo aircraft orders. It is slated to begin long-haul services in the 3rd quarter of 2013. In its 16th year of operations, CEB had f lown over 60 million passengers. It provides access to the most extensive network in the Philippines, with 32 domestic and 19 international destinations. The airline also remains a pioneer in the Philippine aviation industry by being the first to offer web check-in, self check-in, e-ticketing and Lite Fares.

June 22-24, 2012

Companies

BusinessWeek

MINDANAO

Ayala to put up project AirAsia unveils afternoon on old Nescafé factory flights to Kuala Lumpur AYALA LAND, Inc. plans to put up a mixed-use development on a 6.6-hectare site formerly occupied by Nestlé Philippines, Inc.’s coffee factory in Muntinlupa City. Avida Land Corp., the mass housing arm of the developer, will be the project proponent, adding to its existing two-structure Avida Towers Alabang in the area, Ayala Land said in a statement on Tuesday. “This move allows us to offer our products to a bigger market and provide more Filipinos the ability to experience living in sustainable Ayala Land communities, as we are always on the lookout for opportunities that will allow us to grow geographically,” said Jaime E. Ysmael, Ayala Land chief finance officer. Aside from Avida Towers Alabang, Ayala Land has the 700-hectare upscale Ayala Alabang Village and the newly-expanded, Mediterranean-inspired Alabang Town Center commercial complex in the area. Ayala Land’s latest acquisition in Muntinlupa City forms part of the company’s

P8-billion land banking budget for this year, the statement added. For 2012, the developer has allotted a record P37 billion in capital expenditures to fund around 67 new projects with an estimated sales value of P90 billion, as well as for the acquisition of new properties moving forward. Aside from its investments in Muntinlupa City, Ayala Land has also developed other projects in southern Luzon such as the 1,860-hectare NUVALI mixed-use township in Canlubang, Laguna, where it recently poured P12.5 billion to boost its commercial and residential developments there. In central Luzon, Ayala Land said in April that it was interested in tapping the Pampanga-Bataan-Zambales corridor for future residential and office developments, on top of the company’s recentlyopened Harbor Pont mall in Olongapo City, Subic Bay. Ayala Land hiked its net income for the first quarter by 31.48% to P2.13 billion from P1.62 billion last year as better sales in most property

segments offset an increase in expenses. Total consolidated revenues, mostly from real estate, rose by 17% to P12.39 billion versus P10.59 billion, year on year, while costs and expenses grew by 12.69% P9.15 billion from P8.12 billion in the same period last year. Ayala Land tapped the bond market last month, listing P15 billion worth of fixed-rate callable bonds, whose proceeds will be used to fund part of the firm’s 2012 capex. Ayala Land is also issuing 13.04 billion voting preferred shares to its common shareholders via a 1:1 stock rights offer, in a move that is seen to increase the company’s Filipino-owned stock and lower the foreign ownership level of its voting shares to a desired 19% from 38% as of end-January this year. Last year, the Supreme Court issued a ruling ordering the Securities and Exchange Commission to use a company’s voting shares in applying the constitutionally-mandated 40% foreign ownership cap.

• Filipino low cost carrier to ‘shake up’ ASEAN tourism By BONG FABE, Correspondent

PHILIPPINES’ AirAsia, the country’s newest low cost carrier, has launched its first international flight to Kuala Lumpur, Malaysia. Flight PQ 7455, operated by an all-Filipino crew, left Clark International Airport at 3:15 p.m. and arrived in Kuala Lumpur’s Low Cost Carrier Terminal (LCCT) at 7:00 p.m. on June 9. The launching of AirAsia’s flgith to The Malaysian capital is expected to shake the tourism industry in the ASEAN region. This new daily route complements Malaysia AirAsia’s existing Kuala Lumpur – Clark-Kuala Lumpur morning flights which have been in operation since 2005. “The additional frequency to Kuala Lumpur provides yet another link for Filipinos and Malaysians in the areas of business and tourism. But more important, we want to draw tourists from Malaysia to our amazing beaches and natural wonders in Puerto Princesa, Kalibo, Davao and

here in Central Luzon. If we are able to draw even a fraction from Malaysia’s 24.5 million tourists, this will impact on our tourist arrival record for 2012, which means more jobs, more food on the table, more opportunities for every Filipino” AirAsia Inc. CEO Maan Hontiveros said. According to ASEAN Community Figures of 2011, tourist arrivals in ASEAN alone reached almost 74 million last year, with Malaysia getting the biggest share or one-third of these arrivals or 24.5 million against the Philippines’ 3.5 million. Thailand ranked second with 15.9 million tourist arrivals followed by Singapore with 11.6 million, Indonesia with 7 million and Vietnam with 5 million. Of the tourists who arrived in the ASEAN region, 47% came from within ASE-

AN. Visitors from EU accounted for around 10% of the arrivals, and those from China around 7%. “AirAsia is proud to be a truly ASEAN airline with established operations based in Malaysia, Indonesia, Thailand and Philippines, plus Japan, servicing a network stretching across all ASEAN nations,” Hontiveros added. The newest low cost Filipino carrier will operate the new route with brand new Airbus A320 operated by well-trained and experienced flight and cabin crew. AirAsia services the most extensive network with over 152 routes covering over 77 destinations across Asia and Australia. Within just 10 years of operation, AirAsia Malaysia, Thailand and Indonesia combined have carried 140 million guests. “When Tony Fernandes, the man who built AirAsia, came here in March to attend our domestic launch, the Philippines, according to Tony, was the last piece FLIGHTS/PAGE 7

Globe Telecom cements undisputed postpaid leadership GLOBE Telecom further cemented its leadership in the postpaid segment after dominating the market with record-high gains in cellular subscriber and revenue share in the first quarter of the year, making it the undisputed number 1 postpaid brand in the country. Based on disclosure reports submitted by Globe

and its competitors with the Securities and Exchange Commission (SEC) for the three months ended March 31, 2012, Globe postpaid subscriber share is at 43%, with a 34% growth in subscriber base from previous year’s levels mainly driven by the robust take-up of the telco’s fully-customizable plans that continue to attract new and

old subscribers. Furthermore, postpaid service revenues are at P5.3B with revenue share of 57%, way higher than the combined revenues of its two main competitors. “Market leadership is defined by how big and effective you are as a competitive player, where leadership is not solely based on the number of subscribers, but also on

revenues generated from their active and continued usage of your services. Clearly, Globe Postpaid bests competition in both customer base and revenues. Not only this, we also have a core of loyal subscribers who are happy with our first to market, bestin-class product offers that competition tries to copy yet fails to do so, putting Globe

as the true and only leading brand in postpaid. This is a fact supported by official data, allowing us to reflect this claim consistently in our advertising materials both in print and TV,” said Martha Sazon, Head of Globe Postpaid. Aside from its suite of personalized plans, Globe Postpaid is touted as the ex-

pert in handsets and devices, with its strong partnership with leading device manufacturers. To date, Globe has the widest range of smartphone devices for its postpaid subscribers such as the iPhone 4S and Samsung Galaxy S III, as well as the Globe-exclusive Black Berr y Cur ve 9220, GLOBE/PAGE 7

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region OFFICE OF THE CLERK OF COURT EX-OFFICIO SHERIFF Tubod, Lanao del Norte

NOTICE OF EXTRA-JUDICIAL SALE EJF No. 167-07-2012

NOTICE OF EXTRA-JUDICIAL SALE EJF No. 164-07-2012

NOTICE OF EXTRA-JUDICIAL SALE EJF No.162-07-2012

Upon the Extra-Judicial Petition for Sale under Act 3135/1508, as amended, filed by the 1st Valley Bank Inc. Baroy, Lanao del Norte against CRESENCIA R. CABIGAS, kapatagan, Lanao del Norte to satisfy the indebtedness which as of September 13, 2012 amounting to NINETY FIVE THOUSAND PESOS (Php 95,000.00) excluding penalties, changes, attorney’s fee and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at public auction on 7th day of August 2012 at 10:00 A.M or soon thereafter at the Regional Trial Court, Branch 07, Poblacion, Tubod, Lanao del Norte, to the highest bidder for cash or manager’s check and in Philippine Currency, the following property with all its improvements, to wit;

Upon the Extra-Judicial Petition for Sale under Act 3135/1508, as amended, filed by the 1st Valley Bank Inc., Baroy, Lanao del Norte against WENEFREDA PANCIPANCI, Magpatao, Lala, Lanao del Norte to satisfy the indebtedness which as of June 04, 2011 amounting to TWO HUNDRED THOUSAND PESOS (Php 200,000.00) excluding penalties, changes, attorney’s fee and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at public auction on 7th day of August 2012 at 10:00 A.M or soon thereafter at the Regional Trial Court, Branch 07, Poblacion, Tubod, Lanao del Norte, to the highest bidder for cash or manager’s check and in Philippine Currency, the following property with all its improvements, to wit:

Upon the Extra-Judicial Petition for Sale under Act. 3135/1508, as amended, filed by the 1st Valley Bank Inc., Baroy, Lanao del Norte against ANILYN PAKIT, Poblacion, Pigcarangan, Tubod, Lanao del Norte to satisfy the indebtedness which as of May 14, 2011 amounting to TWO HUNDRED THOUSAND PESOS (Php 200,000.00) excluding penalties, changes, attorney’s fee and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at public auction on 7th day of August 2012 at 10:00 A.M. or soon thereafter at the Regional Trial Court, Branch 07, Poblacion, Tubod, Lanao del Norte, to the highest bidder for cash or manager’s check and in Philippine Currency, the following property with all its improvements, to wit:

ORIGINAL CERTIFICATE OF TITLE NO. P-529 “A parcel of residential lot situated at Poblacion, Municipality of Kapatagan Province of Lanao del Norte Island of Mindanao, with an area of THREE HUNDRED SEVENTY SEVEN (377) SQUARE METERS more or less, including all the improvements found thereon such as: 3 mango trees, Banana, res house & etc., more particularly described and bounded as follows: Lot No. 1738-B, Csd-10-016623-D Bounded on the SE., along line 1-2 by Lot 1737, Pls-35, and on the SW., along line 2-3 by Lot 1739, Pls-35, and on the NW., along line 3-4 by Lot 1738-A, Csd-10-016625-D, and on the NE, along line 4-1 by Road. “All sealed bids must be submitted to the undersigned on the above stated time and date. Tubod, Lanao del Norte, Philippines, this June 7, 2012.

ORIGINAL CERTIFICATE OF TITLE NO. P-5631 “ A parcel of Agricultural land known as Lot No. 346-D, Csd10-000187, situated in Magpatao, Municipality of Lala, Lanao del Norte, Island of Mindanao, Philippines. Containing a total area of Ten Thousand Two (10,002) Square meters, more or less including all improvements found thereof such as coconuts, mango, banana and particularly bounded as follows. Lot No. 346-D-Csd-10-000187 Bounded on the North., along line 1-2, by Lot 346-1, Csd-1000187: on the East, along line 2-3 by Lot 346-E, Csd-10-000187; on the south, along line 3-4 by Lot 352, Pls-13 and on the West, along line 4-1 by Lot 346-C, Csd-10-000187. “All sealed bids must be submitted to the undersigned on the above stated time and date. Tubod, Lanao del Norte, Philippines, this June 7, 2012.

TRANSFER CERTIFICATE OF TITLE NO. T-26,645 “A parcel of cocoland situated at Tangueguiron, Tubod, Lanao del Norte containing an area of THIRTY SIX THOUSAND SEVEN HUNDRED SEVENTY EIGHT (36,778) SQM more or less including all the improvements found thereon more particularly described and bounded as follows: Lot No. 127-B Csd-12-004943 Bounded on the NE., along line 5-1 by Lot 122 Gss-372; on the SE., along line 1-2 by Lot 127-A Csd-12-004552 on the SW., along line 2-3 by Guillermo Jumalon and on the NW., along line 3-4 by 130, Gss-372 and along line 4-5, by Lot 126, Css-372 All sealed bids must be submitted to the undersigned on the above stated time and date. Tubod, Lanao del Norte, Philippines, this June 7, 2012.

BWM: JUNE 15, 22, & 29, 2012

For the Clerk of Court and Ex-Officio Sheriff

(Sgd.) CONRADO V. HINGCO, JR. Sheriff IV

BWM: JUNE 15, 22, & 29, 2012

For the Clerk of Court and Ex-Officio Sheriff

BWM: JUNE 15, 22, & 29, 2012

(Sgd.) CONRADO V. HINGCO, JR. Sheriff IV

BusinessWeek

MINDANAO

June 22-24, 2012

BusinessWeek Your local online business paper

The BusinessWeek Mindanao is published by BusinessWeek Mindanao Advertising and Promotions every Monday and Friday of the week with office address at Tanleh Building, Abellanosa, Cagayan de Oro City. It is registered with the Department of Trade and Industry (DTI), Region 10 with Certificate No. 00875701, and with Business Permit No. 2010-5698, TIN No. 946-396-807 – Non VAT. TEL. NOS.: (088)8588447, 74-5380, 0923-432-0687 Website: www.businessweekmindanao.com

E-mail : businessweekmindanao@gmail.com DANTE M. SUDARIA PUBLISHER NELSON CONSTANTINO EDITOR-IN-CHIEF

PINKY CADAVEDO A ò Ùã®Ý®Ä¦ FELIX SANTILLAN L ùÊçã AÙã®Ýã RIZA O. ARES LIEZL A. DELOSO JOE PALABAO RENE MICHAEL BAÑOS

½½ Ä Ã ® Äã

ø çã®ò E ®ãÊÙ JOE DEL PUERTO FELICILDA UÙ® ½ C. Qç®½®Ä¦ç®Ä¦ E ®ãÊÙ® ½ CÊÄÝç½ã ÄãÝ ATTY. MARIO T. JUNI ããù. ÙÊ ÙãÊ . Äã ¦Ê ¹Ù. L ¦ ½ CÊçÄÝ ½Ý

M Ù» ã®Ä¦ CÊÄÝç½ã ÄãÝ

NATIONAL MARKETING PARTNERS A VENTURE MKTG CORP. MARLYN PARͳTelefax: (02)485-0570 2512 Opalo St., San Andres Bukid Sta. Ana Manila RURAL PRESS COMM. REP. INC. 3055 Tolentino Cor. Balabac Sts. Pinagkaisahan, Makati City JUN ESCUADRO - 0917-511-1724 44 Lungos, Pulilan, Bulacan RICHARD ALMENANZA-0920-9467267 Suit 701 C Dansalan Condominium Mandaluyong City CEBU THE VOICE FREDDIE PAR - 0932-867-2326 C. Padilla cor. Fatima Sts., Cebu City

Member: -Philippine Press Institute

-Cagayan de Oro Chamber of Commerce and Industry Foundation, Inc. (Oro Chamber) -Misamis Oriental - Cagayan de Oro Association of Publishers (MOCAP), Inc.

Opinion

BusinessWeek MINDANAO

Perspective

THINK A MINUTE and fi x it, or learn to accept it. Remember the Prayer of Serenity: “Lord, give me the courage to change the things I can, the grace to accept the things I can’t, and the wisdom to know the difference.” But looking at your problem with a positive attitude is only the first step. It’s not enough. We still need someone Who can give us the inner peace and strength we need to make it through, week after week. Someone who will give us the love we need so we do not quit and fail others or ourselves. Only Jesus has that kind of strength and love that never quits. So right now, why not simply ask Jesus to forgive you

and take complete charge of your life? He will give you not only His right perspective and peace to accept what you cannot change, but He’ll also give you the inner willpower and courage you need to change those things you can. Just think a minute…

Will someone pick up the wakeup call?

TRAVERSING THE TOURISM HI-WAY

Politicians sustained growth and has primed up the city as business as usual. The national government agencies funded and contributed to normalize the economy in the region while the private sector helped initiate investments to come-in. Domestic land travel since April this year started to pick up with businessmen and investments flow topping the month of May. Airline travel to Northern Mindanao since March grows to an average of 82% seat sales. While flight on time improved to 86% compared to January and February of 2012. Despite the 2 succeeding typhoons affecting the Philippines, Ambo and Butchoy, air travel to Cagayan de Oro from Manila, Cebu and Davao were normal with only 2

PED T. QUIAMJOT slight delays caused by air turbulence in the Bicol air space. Travel to Cagayan de Oro enjoys public confidence with the safety and comfort devoid of any airline luggage problems or flight delays that were encountered in the western Visayas and in the northern Luzon airports. In short, air travel infrastructures and conditions to Cagayan QUIAMJOTPAGE 7

THINK a minute… Some parents received this letter from their daughter who was going to university away from home. “Dear Mom and Dad, I wanted to let you know that I’ve fallen in love with a guy named Jim. He’s divorced with 3 kids and does not have a job. I’m moving in with him next week and I’ve decided to drop out of university because I think I’m pregnant.” On the next page she continued: “Mom and Dad, everything I wrote on the first page of this letter is false! None of it’s true! But Dad and Mom, it IS true that I got a C in Biology and failed English. And I need just a bit more money.”

LOOKING at the comparative data of the Department of Tourism for Cagayan de Oro City and the region for the last two years shows a significant decrease of 8.63% of national conventions held in the city from 278 in 2010 down to 254 in 2011. While the statistics for the last 4 months of 2012 shows that the 1st half of the year has registered only 3 national events for the period January to June of 2012, the National Cooperative convention and the Professional Association of Electrical Engineers of the Philippines. The Climate Mitigations and Disaster Preparedness took place yesterday at Grand Caprice with Sec. Jesse Robredo as Guests Speaker. Understandably, Typhoon Sendong eroded the market-

Fairly smart girl! Even bad news can sound like good news if you see it from a certain perspective. We help ourselves if we look at our problems and realize that they could be much worse! We don’t have to look far to fi nd someone who is having much worse problems and pain than we are. One question that does not help us to ask is: “Why did this happen to me?” That just makes us angry, bitter and full of self-pity, which only makes our problem seem worse. It can even paralyze us so we don’t move forward in our life. Instead, simply ask yourself: “What am I going to do about it?” Then either change

ability of the city among the convention planners to bring a big national gathering in a city still reeling and slowly recovering from the disaster. It could not be denied that professional organizers and events coordinators in the city were probably victims themselves who have just reconstructed their homes picking up the pieces of their lives over grief and losses. While there was resurgence last year of local gatherings initiated by the private sector and other NGOs which have gone up to 4,056 events in 2011 compared to 3,856 in 2010 with an increase of 5.19%. The early national government budget releases for 2012 to the different agencies of the government including the Countryside Development Fund among

JHAN TIAFAU HURST

State of education in Normin: Improving or declining? JUNE of every year invariably highlights the continuing efforts of the government towards quality improvements on education. While both state and civil society organizations have incessantly exerted significant efforts to address multifaceted problems that confront the education system, results have fallen short of the mark. Because we fully believe that education is an engine of growth, we cannot avoid asking this question – “Where do we stand?” According to the 2008 Functional Literacy, Education and Mass Media Survey (FLEMMS) conducted by the National Statistics Office, eight percent of the estimated 3.7 million population 6 years old and over in 2008 in Northern Mindanao had no formal education. This is somewhat high despite the government’s commitment to provide basic education to all Filipinos. The largest proportion of persons aged 6 years and

older in the region were elementary graders. About three out of 10 persons in that age group had attended elementary school but did not complete the elementary level. Those who had graduated from elementary, but did not proceed to the secondary level comprised 13 percent. About 18.6 percent reached high school but fa i led to complete it, whereas 14.9 percent had finished high school level. Likewise, 16.5 percent either had reached but did not complete college level (8.2 %) or had actually finished college or any higher level of education (8.3 %).By comparison, the female population have higher percentage (10.1 %) than the male population (6.6 %) for completing college or higher level of education. The 2008 FLEMMS results also show that of the 1.8 million population aged 6-24 in the region, 34 percent or 624 thousand were not attending school. It might be paradoxical, but

the survey results revealed that the foremost reason for not attending school was attributed to lack of personal interest which yielded 27.4 percent, despite the fact that the 1987 Constitution provides for free basic education. We cannot discount the fact that literacy level is directly related to economic development. From an economic perspective, literacy and schooling have been shown to significantly affect individual income. Empirical evidences show that formal education is highly instrumental and even necessary in improving the production capacity of a nation. Thus, illiteracy will undoubtedly limit the full development of individuals and their participation in society, and also restricts their access to the benefits of development. Looking further at the FLEMMS result, nine out of 10 persons in Northern Mindanao were basically literate. Basic or simple literacy is the ability of a

person to read and write with understanding a simple message in language or dialect. Of the estimated 3.2 million 10 years old and over in Northern Mindanao, around 94 percent were basically literate. However, the region’s basic literacy rate was lower compared to the national figure of 96 percent. The basic literacy rate in 2008 was slightly higher than the 2003 rate of 92 percent. The basic literacy rate among females was 95.3 percent as compared to 92.6 percent among males. On the other hand, around 2.6 million or 85.9 percent of the estimated 3.1 million persons 10 to 64 years old in Northern Mindanao were functionally literate. In 2003, functional literacy rate was lower at 83.7 percent. A functionally literate person is one who can read, write and compute or one who can read, write, compute and comprehend. Persons who graduated from high

school or completed a higher level of education are considered functionally literate. The functional literacy rate among females was higher than among males (88.4 percent vs. 83.5 percent). As expected, functional literacy rate of the population increases with an increasing level of education. Nine out of 10 persons who have reached high school level but did not complete it were functionally literate. By comparison, eight out of 10 elementary graduates were functionally literate while around six in 10 persons with some elementary education were functionally literate. Only around four percent among those with no formal education were functionally literate. Survey results also show that seven out of 10 persons aged 10 to 64 years who are poor were functionally literate compared to nine out of 10 among the non-poor. In the 2008 FLEMMS, ownership of household

WHEN STATISTICS SPEAK

SALVADOR A. AVES, Ph.D, DM. amenities and conveniences are used as a substitute for income in order to classify the households into either poor or non-poor. Data on f unctiona l literacy among the poor and non-poor populations in each of the regions shows that the functional literacy rate of the poor was lower compared to the non-poor. The aforementioned findings may no longer sound new to many, but these are the realities that we have to face after knowing where we stand.

BusinessWeek

June 22-24, 2012

MINDANAO

Flights... from page 4

AirAsia’s ASEAN jigsaw puzzle. Indeed, we are, and we are about to shake up air travel and tourism in the region,” Hontiveros said. AirAsia Inc. is a 60-40 joint venture between Filipino investors Antonio O. Cojuangco, Michael L. Romero and Marianne “Maan” B. Hontiveros, and Malaysia’s AirAsia International Ltd., a wholly-owned subsidiary of AirAsia Berhad, which has won SkyTrax’s best low cost airline for three consecutive years (Skytrax is the world’s largest airline and airport review site). Philippines’ AirAsia call center also accepts booking of regular fares via +632 588 9999 from Monday to Sunday at 0800hrs to 2100hrs (GMT +8). Guests from Metro Manila may also purchase seats through AirAsia Travel Service Centers (ATSC) located in SM North Edsa in Quezon City and in Mall of Asia in Pasay City.

Globe... from page 4

9220, Black Berr y Cur ve 9320, and Nokia Lumia 800. Its Globe Guarantee of no billshock ever, 24/7 access to expanded customer service channels, and 7-day handset replacement assure its subscribers of a superior customer experience. Backing up its postpaid

Quiamjot... from page 6

Oro are working and on time. A letdown in convention travel to Cagayan de Oro was noted last summer. The month of May a convention month was a dismal failure except for a major Nestle, Del Monte and Coca Cola private events and a Turkish Trade Mission that toured the northern and western parts of Mindanao. Conventions bring the goods to the local travel and hotel business. It is the bread and butter to keep Cagayan de Oro’s tourism industry a float. A good policy of unity from the local government and the stake holders must collaborate to bring the best minds together built the synergies and showcase the product of the region in the forefront to make Cagayan de Oro a tourist and convention friendly city. Last week, I took a Taxi Cab early afternoon from the Cogon Market, Body No. 932, in route to Carmen Hill. The Cab Driver was fuming mad about the traffic situation. There was no RTA to help untangle the traffic which took us more 30 minutes to extricate and join the main flow. Jeepneys were parked at the road side waiting for passengers. Vendors were invading the streets with their Carts, banana peelings, plastics bags and cigarette butts were carelessly thrown in the road pavement. Did Cogon district in

business is a stronger and more reliable Globe network nationwide. Earlier, Globe announced that it will be rolling out 10,000 kilometers of additional fiber optic lines in the implementation of Long Term Evolution (LTE) technology that will bring high-speed data to mobile phones and other data terminals. The company is a lso working on creating best-ofbreed responsive IT systems throughout the country. This is a far-reaching transformation that will result in vast improvements in Globe customer experience – quick and reliable call connections, instantaneous text messaging, blazing fast internet browsing, and proactively intelligent spot-on customer support.

Confab...

from page 1 ment organization (which aims to accelerate economic growth in Mindanao and help assure that as many people as possible participate in and benefit from the growth) said that around 500 participants coming from the business sector in Mindanao including farmers and fisherfolks are expected to join the event. Each participant will have to pay a registration fee of P2,500 which includes kit materials for the three-day event. “US Ambassador to the Philippines H.E. Harry K. Thomas is highly expected to give his keynote message

front of Oro Rama and beside the La Victoria Supermarket up to Antonio Ty Textiles became a garbage jungle of derelicts? Business owners are just holding their tempers. My Taxi Driver blurted further “Gubot ang atong Ciudad, Sir”. “Gahi ug ulo ang among mga kauban Jeepney Drivers, hugaw usab ang Cagayan de Oro kay

on the first day, August 2, as well as Ambassador of Japan H.E. Toshinao Urabe, Ambassador of China H.E. Liu Jianchao, and Ambassador of Korea H.E. Hye-Min Lee… Meanwhile, Senator Franklin Drilon, Committee on Finance Chairperson will also give his message together with other high rank officials, and Vice President Jejomar Binay will be the guest of honor during the Ambassador’s night,” said

Libot. “During this three-day event, different products in Caraga region will be featured and presented to investors from other regions in Mindanao with its picturesque scenery,” Libot said. Libot further said that Senator Teofisto Guingona III is expected to grace the activity on the second day, August 3. It will also be highlighted with various topics that will be presented

BODYFLEX MASSAGE THERAPY SERVICES (Cagayan de Oro, Butuan, Davao, Cebu, Camiguin, Iligan & Gingoog City)

Services Offered: Shiatsu, Swedish, & Sensual Massage. By: trained, & gorgeous male/ female massage therapist. HOME / HOTEL SERVICE ONLY #s: (088) 5886363/ 09061149906/ 09187958578 - REY

CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers – Kalambagohan Sts., 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 AƩy. 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) 231-6739a

ipanglabay lamang sa mga Vendors and ilang mga basura sa kalsada”. (sic) Taking from this cue that explains perhaps in part the 8.63% decline of the national conventions from 278 in 2010 down to 254 in 2011 and with only 3 in the 1st half of 2012. There are 6 months more to complete the year 2012. Hello! Anyone there?

by experts in the business industry. On the last day, August 4, Senator Aquilino “Koko” Pimentel III will also join the participants while Mindanao Development Authority Chairperson Luwalhati Antonino will present the 2012 Mindanao Business Policy Agenda.

It was also learned that President Benigno S. Aquino III is expected to give his keynote speech on the culmination day. With this development, the city government and partners are inviting Mindanaons of different sectors to support and participate in this big event.

REPUBLIC OF THE PHILIPPINES REGIONAL TRIAL COURT 10TH JUDICIAL REGION BRANCH 28 MAMBAJAO, CAMIGUIN In the matter of the Petition for Adoption Of a Minor Child Mariel Jane Sabdula Abid,

JOCELYN B. TORRES-JONES,

Petitioner, X------------------------------------------------------- / ORDER This petition seeks for the adoption of MARJORIE TORRES LUFERA by the petitioner, JOCELYN B. TORRES-JONES and for the change of the name of the child to be adopted to MARJORIE TORRES JONES. Finding the petition sufficient in form and substance, the same is hereby given due course. Let the hearing be set on AUGUST 15, 2012 at 8:30 in the morning before this Court at Rm. 102, Hall of Justice, Cagayan de Oro City. At the expense of the petitioners, let this order be published once a week for three (3) consecutive weeks in a newspaper of general circulation in Cagayan de Oro City and in Misamis Oriental. The RTC Social Welfare Officer assigned to this Court is hereby directed to conduct a home and child study on the adopting parent, the natural parents and the child to be adopted. She is also directed to conduct counseling sessions with the biological parents of the child to be adopted. The reports thereof shall be submitted to this Court SIXTY (60) DAYS from the receipt of this order. Petitioners are directed to make arrangements with the Court Social Worker for the scheduling and incidental expenses in conducting the case study. Let a copy of this order and the petition be furnished upon the Local Civil Registrar of Cagayan de Oro City, the Solicitor General and the City Prosecutor of Cagayan de Oro City for their appearance in behalf of the state. SO ORDERED. Given this 30th day of May, 2012 at Cagayan de Oro City, Philippines.

BWM: JUNE 22, 29, & JULY 6, 2012

(Sgd.) RICHARD D. MORDENO Presiding Judge

SPL. PROC. NO. 462 FOR: ADOPTION

VICTOR TUBO PUTOL and SANDI ABID PUTOL, Petitioners. x---------------------------------------------------- / ORDER Petitioners are of legal age, husband and wife, Filipino citizens and residents of Lumad, Mambajao, Camiguin. They seek to adopt a two (2) months old minor Mariel Jane Sabdula Abid who was born on March 10, 2012 of her mother Jackia Sabdula Abid. The minor was entrusted to the care and custody of the petitioners by her biological mother right after her birth. For the best interest of the child to be adopted whose well being is the utmost and paramount concern, the petitioners filed this petition. The petitioners possessed all the qualifications and none of the disqualifications to adopt. Finding the petition sufficient in form and substance, the same is hereby set for hearing in this Court’s Session Hall, at Lakas, Mambajao, Camiguin on August 14, 2012 to start at 8:30 o’clock in the morning. Let copy of the petition and of this Order be furnished the Regional Director of the Department of Social Welfare and Development, Region X, Cagayan de Oro City, for the preparation and confirmation of a new child home study reports and submit the same before the date of hearing as well as to conduct counseling sessions with the natural mother on the matter of adoption of the adoptee and accordingly submit a report therein before the date of hearing; and another copy of the petition and of this Order be furnished the Office of the Solicitor General, the Provincial Prosecutor of Camiguin, the Local Civil Registrar of Mambajao, Camiguin, for any step they may deem best and proper to take in this Petition. Let copy of this Order be published at petitioners expense once a week for three successive weeks before the scheduled hearing in any newspaper of general circulation in the Province of Camiguin. Any person or entity opposed to the petition in this case may file written opposition at any reasonable time before the scheduled hearing and personally appear during the hearing to show cause why the petition shall not be granted. SO ORDERED. Done in Mambajao, Camiguin, this 30th day of May 2012.

BWM: JUNE 22, 29, & JULY 6, 2012

(Sgd.) RUSTICO D. PADERANGA Judge

MAKE YOUR IDE NTIT

STANDOUT!

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 22 Cagayan de Oro City 2012-259 IN THE MATTER OF THE PETITION FC SPEC. PROC. NO. 2012-039 FOR ADOPTION OF MARJORIE TORRES LUFERA, WITH PETITION FOR CHANGE OF NAME FROM MARJORIE TORRES LUFERA TO MARJORIE TORRES-JONES,

D e s ig n & C re a te T o p Q u a li ty P V C ID C a rd s fo r y o u r ID S c h o o l, p a n y , O ff iic e , C o mO rg a n iz a ti o n , C lu b o r C o o p e ra ti v e . We also Design and Create PVC Luggage T a g s, D is c o u n t C a rd s, V is it o r’ s C a rd and Name Ta gs, fully custo mized and personalized to suite your need s.

C a l l Us a t 7 4 -53-80 | 8578447 or 0927-337-3 917 | 0922-538 -4939 email us at bw m_ar t@yaho o .com facebook.com/BwmAr

tdept

June 22-24, 2012

Agri Business

BusinessWeek MINDANAO

Agri-dept holds training on meat processing PROVISION of a value-adding activity to backyard livestock raisers was the foremost goal of the Department of Agriculture Regional Field Office 10’s Agri-Pinoy Livestock Division in the conduct of a Basic Meat Processing Training held on June 13-15, 2012 at Chali Beach Resort this city. The training aimed to augment the livelihood and income of farmers, particularly members of people’s organizations and their respective local government units (LGUs) venturing into livestock projects, covered by the agency’s special poverty-alleviation initiative dubbed as the Mindanao Rural Development Program (MRDP). Wherein, nearly 20 participants from the provinces of Bukidnon and Misamis Oriental have joined the activity. In his opening remarks, Supervising Agriculturist Rosalio Lorono imparted that it has been long since the department has spearheaded a training on meat processing. He added that their di-

vision has been fortunate to have earned additional funding that has allowed them to hold the training. Accordingly, he urged the participants to maximize such rare opportunity by applying their learnings as they’d ultimately serve as the focal persons in their particular areas of responsibility relative in the making of processed meat products. Serving as the training’s resource person is Agriculturist I Willie D. Nacalaban, who taught the procedures and processing technologies on how to produce commonly-made meat products such as tapa, tocino, longanisa, embutido and sausage. While conveying the process in preparing the abovesaid food, he underscored that there is no fixed mixing in the amount of ingredients to be employed as it depends on one’s preference. Nevertheless, he added that the market would play a large role in doing the necessary adjustments as

they would be the ones who will patronize their products. Moreover, Mr. Nacalaban highlighted the need for the trainees to have the highest possible standards of personal hygiene and personal habits to avoid contaminating food, which is the greatest threat to food safety. Thereby, cleaning and sanitizing practices were also employed during the training’s practicum on processing the different meat products. Subsequent to the series of demonstrations, participants have likewise undertaken a sensory evaluation. Of which, they’ve examined the food that they’ve produced using their senses - making inferences and insights on offflavours, odours, inadequate formulation, colour defects and etc. to improve the qualities of the said products. Furthermore, Mr. Nacalaban stressed that the key in producing excellent processed meat products is the use of fresh meat along with the addition of ample seasonings, herbs, and etc. (Joanne L. Olson, DA-10)

DA-10 conducts basic video editing seminar IN its drive to capacitate information officers within t he depa r t ment a nd it s umbrella agencies as well as its partners from the provincia l loca l government units (PLGUs), the Depar tment of Agricu lture Regional Field Office 10 (DA-10) spearheaded a Basic Video Editing Skills Training yesterday, June 21, at De Lu xe Hotel of this city. The said training is intended to develop more the video editing skills among

the designated information officers of various offices as they serve as the frontliners in enlightening the government’s programs, projects and interventions to its targeted beneficiaries thru the packaging of success stories and other related information-education communication (IEC) materials. Ac c ord i ng to DA-10 OIC-Regional Information Officer Mary Grace B. Sta. Elena, the training would be an avenue for the attendees

PANEDOTTE PASTRIES

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 0917706-1516, or visit them at 162 M.H. del Pilar –Velez Sts., Cagayan de Oro City Available at GAISANO SUPERMART and at LUMBIA AIRPORT PRE DEPARTURE AREA

to have a thorough handson on the fundamentals of video editing. She added that despite the long-day course, participants would later on have t he k nack on compiling and altering d if ferent orig ina l v ideo sources into an organized, rational and visually pleasing output. As the agency is likewise intent to sustain initiatives that would deliver considerable support to agricultural sta keholders, a meet ing w i l l a lso be si mu lta ne-

T-B: The set of Officers for CY 2012-2014 of the Regional Federations of Rural Based Organizations; P4MP, Rural Improvement Club and 4H Club took Oath during the Regular Meeting of the Department of Agriculture –Regional Agriculture and Fishery Council with RAFC Chair Professor Edgardo D. Layug as inducting officer held at De Luxe Hotel, Cagayan de Oro City on June 1, 2012. The activity was also graced by DA-RFU 10 Regional Executive Director Lealyn A. Ramos and other agri-fishery stakeholders in the region

RBOs reg’l federation officers take oath IN line with its role in the development of the agrifishery sector and its stakeholders by valuing people empowerment and good governance, the Regional Agricultural and Fishery Counci l-10 (R AFC-10) headed by Professor Edgardo D. Layug, R AFC Chairman has inducted the new set of off icers for regional federation of rural based organizations (RBOs) These RBOs are the Pambansang MannalonMag-uuma-MagbabaulMagsasaka ng Pilipinas (P4MP) headed by Mr. Mario S. Jamis of Misamis Oriental; Rural Improvement Club (RIC) headed by Ms. Zayda B. Tampohan of Bukidnon; and 4H Club, headed by Mr. Clifford Jumalon of Lanao

del Norte. The ceremony was held during the RAFC regular meeting on June 1, 2012 at De Luxe Hotel, this city. The activity is in adherence to Administrative Order No.9 Series of 2002 encouraging the involvement of farmers and fisherfolks cooperatives/associations, RICs and young farmers from 4-H Club in community development activities, these will help alleviate rural poverty by providing them with trainings, appropriate technology, technical assistance and financial support in a form of livelihood projects to enhance the agri-fishery industry; and spur agribusiness and rural employment opportunities. The RBOs are also recognized as sectoral members of the Agricultural and Fisher-

ies Council (AFC). Thus, RBO federation officers represent the organization and they are expected to be updated with the current agricultural and fisheries situation in the community. In return it is also the leader’s task to keep their members posted with the activities and existing programs of the AFC and private organization that are beneficial to the community. DA-RFU 10 Regional Executive Director Lealyn A. Ramos, DOST-10 Director Allan Alamban and representatives from other government agencies in the region, sectoral members and other agri-fishery stakeholders also came to witness the event.# (VANESSA MAE S. SIANO, DA-RAFID 10)

ously held to apprise the DA information off icers and its attached bureaus and agencies, including the PLGUs on additional key activities to be undertaken for the year 2012 at the same t i me to convey updates of pipelined activities or

events among the various offices. Trainees came from the PLGUs of the five provinces within Northern Mindanao, Fiber Industr y Development Authority, National Irrigation Administration, Bureau of Fisheries and

Aquatic Resources, Philippine Crops Insurance, Corp., Philippine Coconut Authority, National Dairy Authority, National Meat Inspection Service, Agricultural Training Institute and National Food Authority. (Joanne L. Olson, DA-10)

BusinessWeek

Misor.Today

DILG-10 awards 12 LGUs for good performance

Normin’s coconut production shoots up 8% from last year

MINDANAO

TWELVE local government units (LGUs) in Northern Mindanao had received P16 million from the government’s Performance Challenge Fund (PCF), administered by Department of Interior and Local Government (DILG), on the Tapatan on Disaster Preparedness on June 21. These are two component cities and 10 municipalities, belonging to the 1st to 3rd class LGUs in Region 10, namely the cities of Ozamis and El Salvador and the municipalities of Mambajao, Jimenez, Kapatagan, Tubod, Opol, Balingasag, Don Carlos, Impasugong, Manolo Fortich, and Quezon. The PCF is a financial incentive awarded to qualified LGUs for passing the Seal on Good Housekeeping (SGH) to jumpstart local development initiatives that are aligned with the national government’s program for the attainment of the Millennium Development Goals, tourism, and economic development, disaster risk reduction and management and solid waste

management. The two cities shall each be eligible to a P3-million PCF subsidy, while each of the 10 municipalities shall be eligible to a P1-million subsidy. The PCF may be used to finance projects such as school buildings, rural health units, water and sanitation system, loca l roads and bridges, slaughterhouses, flood control, reforestation, postharvest facilities, cold storage facilities, and other programs and projects that would enhance local government services. DILG-10 Director Rene K. Burdeos said that all of the 12 LGUs have passed the 2011 second round assessment on good housekeeping in key governance areas of planning, fiscal management, transparency and accountability and valuing performance management, and have complied with the full disclosure policy and have no adverse reports from the Commission on Audit, and have been conferred with the SGH.

20 high schools join modelling program By RUTCHIE C. AGUHOB Contributor

AT le a st 2 0 second a r y schools, nationwide, have been identified to participate in the Senior High School Modeling Program (SHSMP) of the Department of Education (DepEd), wherein three of them are located in Region 10. Education Secretary Armin Luistro said the SHSMP is a research and development (R&D) activity where some designs and strategies will be tried out by the identified model schools before the projected nationwide implementation of the SHS in School Year (SY) 2016-2017. As such, the model schools are given the flexibility to innovate and develop their own curriculum based on the needs of students and demands of the local industries, design their instructional materials and explore and experiment varied teaching-

learning strategies suited to their students and learning environment. The school modeling starts in June 2012 for the 20 selected model high schools in Grade 11, whose enrollees are the Grade 10 or 4th year high school completers of SY 2011-2012, and whose inputs will be evaluated and adapted in the implementation of the SHS Program. The SHSMP aims to introduce and prepare the concerned model school for the implementation of Grade 11 and 12 through the provision of appropriate interventions, e.g., training of teachers, and provision of support facilities and instructional materials. It also aims to generate actual learning experience of the different SHSMP participating secondary schools in order to come up with different modalities as vital inputs in the SHS implementation. Particularly, the SHS inPROGRAM/PAGE 11

By APIPA P. BAGUMBARAN Contributor

THE number of matured coconut harvested in Northern Mindanao for the first quarter of 2012 reached 421 million, higher by eight percent, compared to the 390 million nuts produced in the same period last year. All provinces in the region showed improved production, with Bukidnon and Misamis Oriental posting significant growths at 47 and 19 percent, respectively, Engr. Cecilio Y. Clarete, Chief Economic Development Specialist of the National Economic Development Authority (NEDA) Regional Office 10, reported in a media forum held recently at the NEDA-10 Conference Room, here. He said Misamis Oriental, which ranked second largest in terms of production share, registered the biggest increase in actual volume produced during the quarter, exceeding the previous year’s level by 21 million nuts. Consequently, copra production in all provinces also registered increases causing the total production in the region to rise by almost nine percent, from 92,900 to 100,970 metric tons. Clarete said the same trend was also observed in the production of green nut which posted an increase of 20 percent, from 480,867 to 577,478 metric tons. Although, Lanao del Norte recorded lower output, the increases in the rest of the provinces pulled up the total green nut production, he added.

Meanwhile, a downward trend in palay production was noted during the first quarter of the year in Camiguin, Lanao del Norte, and the two Misamis provinces pulling down the region’s performance by one percent and causing regional average palay yield to decrease by 0.25 percent. The decrease in production according to Clarete was due to some changes in the harvesting and planting period. In some areas, the har vest time was moved towards the second quarter due to delayed in planting, while some areas moved the planting period from the fourth quarter in 2011 to first quarter this year, he explained, adding that tropical storm Sendong also destroyed about 100 hectares

REPUBLIC OF THE PHILIPPINES REGIONAL TRIAL COURT 10TH JUDICIAL REGION BRANCH 28 MAMBAJAO, CAMIGUIN IN THE MATTER OF THE PETITION SPL. PROC. NO. 460 FOR CHANGE OF NAME IN THE FOR: Change of Name OFFICE OF THE LOCAL CIVIL REGISTRAR OF GUINSILIBAN, CAMIGUIN, SARAH FERGUZON LADICA RANARA, Petitioner, x------------------------------------------------------ / ORDER Petitioner, thru counsel avers that she is a Filipino, of legal age, single and a resident of Benoni, Mahinog, Camiguin; that she was born on March 18, 1992 at North Poblacion, Guinsiliban, Camiguin to her parents who were not legally married Atty. Rudy A. Tabalba and Cecilia Ladica Ranara; the fact of her birth was duly reported to the Office of the Local Civil Registrar of Guinsiliban, Camiguin and her birth record reflected her name as Sarah Ferguzon Ladica Ranara instead of Sarah Ferguzon Ranara Tabalba, her true and correct name as shown in her Oath of Office as SK Kagawad and Elementary Diploma; and that to avoid the public from being misled and confused and to forestall if not prevent the clouds of doubt as to the identity of the petitioner, this petition is filed. The petition being sufficient in form and substance is hereby set for hearing in this Court’s Session Hall on November 9, 2012 to start at 8:30 o’clock in the morning. Let copy of this Order and of the petition and its annexes be sent to each of the following: 1. Office of the Solicitor General: 2. Office of the Local Civil Registrar of Mambajao, Camiguin; 3. Office of the Local Civil Registrar of Guinsiliban, Camiguin; and 4. Office of the Provincial Prosecutor, Mambajao, Camiguin.

CHESS CHAMPION. Villanueva Golden Anniversar y Open Chess champion Rey Uy Quinogitan is awarded with P5,000 cash prize by municipal councilor Paquito Mortola for winning the event. The chess tournament is among the sports activities during the recent celebration of the 50th Anniversary of Villanueva town in Misamis Oriental. Assisting in the awarding ceremony are Nilo Abroguena from the office of Mayor Juliet Uy and tournament arbiter Leo Dinglasan. PHOTO BY GERRY L . GORIT

June 22-24, 2012

A copy of this Order is required to be published at petitioner’s expense in any newspaper of general circulation in the Province of Camiguin once a week for three consecutive weeks prior to the date of hearing. Any person or entity whose interest might be adversely affected by the proceedings in this case may file written opposition and personally appear during the hearing and substantiate the same. SO ORDERED. Done at Mambajao, Camiguin, this 16th day of May 2012.

BWM: JUNE 8, 15, & 22, 2012

of palay crops which should be harvested in January. He said the two Misamis provinces recorded negative outputs as a result of the shifting of some upland areas to cash crop, while some areas were not planted due to damaged irrigation canals. Clarete further said the decreases in the average palay yield were caused by lesser usage of certified seeds, while drop in yield in irrigated areas was experienced due to heavy rains during reproductive stage.

Similarly, corn production in the region went down by more than one percent during the first quarter to only 329,332 metric tons. Declines were more pronounced in Misamis Occidental, Lanao del Norte and Bukidnon for white corn as a result of lesser usage of modern OPV seeds as well as damaged corn areas caused by tropical storm Sendong. However, yellow corn production in these provinces recorded double digit increases.

REPUBLIC OF THE PHILIPPINES REGIONAL TRIAL COURT 10TH JUDICIAL REGION BRANCH 28 MAMBAJAO, CAMIGUIN In the Matter of Petition for Issuance of MISC. CASE NO.112 Owner’s Duplicate Copy of Original Certificates Of Title No. P- 10889 of the Office of the Registry Of Deeds of Camiguin, MARINA B. SILAGAN, -versus-

Petitioner,

ATTY. ALMA CONCEPCION M. PARREÑO, In her capacity as Ex-officio Register of Deeds Of Camiguin, Respondent. x------------------------------------------------------- / ORDER Petitioner, Marina B. Silagan, of legal age, Filipino, widow and resident of Kuguita, Mambajao, Camiguin, thru counsel, states that she is the donee of a parcel of land, situated in the Barrio of Tagdo, Municipality of Mambajao, Province of Camiguin, duly registered in the Office of the Register of Deeds of Camiguin under Original Certificate of Title No. P-10889 with an area of 1,991 square meters. That the owner’s duplicate copy of the OCT of the aforesaid parcel of land was lost and despite earnest effort to locate it, the same was of no avail. The fact of such loss was duly registered in the Office of the Registry of Deeds of Camiguin. That the subject Original Certificate of Title was not delivered to any person or entity to secure payment or performance of any obligation whatsoever and there exist no deed or instrument affecting the said land which had been presented for or pending registration in the Register of Deeds. There is no co-owner’s, mortgagee, and lessee duplicate of the aforesaid title issued before it’s lost. It is the main thrust of the petition that after hearing the Owner’s Duplicate of the Original Certificate of Title which was lost be declared null and void and a new Owner’s Duplicate of Original Certificate of Title No. P-10889 be issued in lieu thereof under the same terms and conditions as contained in the original on file. The petition being sufficient in form and substance is hereby set for hearing on August 9, 2012 in this Court’s Session Hall, to start at 8:30 o’clock in the morning. Let copy of the petition together with all its annexes and of this Order be furnished the Register of Deeds at Mambajao, Camiguin; The Administrator, Land Registration Authority at Quezon City; and Provincial Prosecutor of Camiguin. The Process Server of this Court is directed to post copies of this Order in the 1.) Bulletin Board – Public Market, Mambajao, Camiguin; 2.) Bulletin Board – Municipal Hall, Mambajao, Camiguin; 3.) Bulletin Board – Provincial Capitol, Mambajao, Camiguin; and 4.) Bulletin Board – this Court. Let copy of this Order be published at petitioner’s expense once a week for three consecutive weeks prior to the date of hearing in any newspaper of general circulation in the Province of Camiguin. Any person or entity whose interests might be adversely affected by this proceeding may file written opposition within a reasonable time prior to the date of hearing and appear personally during the hearing to substantiate the same. SO ORDERED. Done at Mambajao, Camiguin, this 17th day of May 2012.

RUSTICO D. PADERANGA Judge BWM: JUNE 8, 15, & 22, 2012

RUSTICO D. PADERANGA Judge

June 22-24, 2012

Motoring

BusinessWeek

MINDANAO

Yamaha Fiesta introduces New Games in Pagadian City YAMAHA Fiesta astonished the crowd of Pagadian City, Zamboanga del Sur as Yamaha Motor Philippines Inc. (YMPH) brought the excitement with its newest games known as Pic-eureka and 1 vs. 50 last May 22-26, 2012. Pic-eu rek a is a slotmachine-like game from which the players require to capture the complete image of YA-MA-HA and its logo that alternately appears in the monitor. It is a kind of game that requires its players to keep their eyes sharp in obser v ing t he screen and their fingers quick in pressing the camera button with proper timing. Players who successfully captured

the accurate combination receive Yamaha premium items. Others presumed it easy at the start but after severa l tria ls, t hey f ind it challenging and quite exciting! 1 vs. 50, derived from a popular game show, entail its players to answer 15 set of questions correctly. One w rong a nswer w i l l eliminate them from the ga me u nt i l one contes-

tant remains. The winner receives different Yamaha freebies!

Activities such as Yama ha 3 on 3 Basketba l l Cha llenge, Yamaha STX

CDO MAG TO SHOWCASE PRIMEMOVERS OF MINDANAO ECONOMY

The BWM Magazine is glossy from cover-to-cover and will come out monthly. It is a special publication which features articles promoting business establishments engaged in every facet of business, pleasure and entertainment. It will also feature prominent personalities in The idea is to create a local-based business, tourism, sports, politics and business magazine, a magazine that will governance. feature businesses and business owners a top quality advertising and marketing medium directly to their intended clients, providing them a stress-free advertising avenue. As BusinessWeek Mindanao celebrates its 3rd anniversary, the inception of the magazine now becomes

The first magazine of its kind will certainly bring in a better view of Cagayan de Oro business and business community as well as promote the region in terms of economic growth and business sensibility.

a reality – the BWM Magazine. BWM is a monthly magazine that gives you an avenue to increase your visibility and client-base. Targeting the class A & B clients suited for your kind of market. BWM Magazine will circulate Mindanao-wide as this is backed by BusinessWeek Mindanao’s distribution bureaus in the island. BWM also maximizes advertisers’ visibility through www.businessweekmindanao.com where an e-mag in PDF file format is downloadable free and readable online by our partners and international readers throughout the world.

For inquiries and advertising placements please call the following office numbers 74-53-80, 857-8447 or mobile numbers 0927-337-3917 and 0922-538-4939. Visit us at BusinessWeek Mindanao located at Abellanosa St. Cagayan de Oro City Email us at bwmmagazine@yahoo.com

Toda Caravan, the Y Factor, Product K nowledge Seminar, Learn-to-R ide, and Shower of Prizes still engaged Pagadianons to cheer f u l ly welcome a nd support the 5-day ecstatic event. Yamaha left distinct brand awareness among

them as they will remember it as unique, innovative and stylish motorcycles they would desire to avail. Visit www.yamaha-motor.com.ph to know more about the next venues of Yamaha Fiestas across the country. See you there!

KIA RIO

Kia leads industry sales growth figures THE year 2012 is proving to be a banner year for the Kia brand, and the company Columbian Autocar Corporation (CAC), the exclusive distributor of Kia in the Philippines. According to the May sales report of the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI), the Kia brand sold units that exceeded the target figures. This figure reflects a remarkable year-on-year increase of 89%, proving that more Filipino car buyers appreciate the vehicles being rolled out by this Korean automaker. CAC President Ms. Ginia R. Domingo attributes the astounding increase in KIA sales performance to the overwhelming reception of the all-new RIO, an exciting addition to its line-up of superbly designed and engineered vehicles. “The demand for the all-new RIO and our other models, encourages us to continuously introduce vehicles that are expressions of the Kia brand’s commitment to create high quality cars with striking designs that have minimal environmental impact. This philosophy, translated in the company slogan ‘Power to Surprise’ puts Kia cars at par with the world’s top brands, and translates to more Filipino consumers recognizing the undeniable value proposition of our vehicles.” Fresh data just released by

the CAMPI on the Year-ToDate (YTD) ranking for the automotive industry players shows that from January to May of 2012, the Kia brand enjoys a healthy 5.5% share of total industry sales and ranks 5th in the YTD ranking. Kia sold 3,246 units compared to the same period in 2011 for an industry leading increase of 89%. Kia has topped the YTD increase in vehicle sales for the last two months with 91% and 89% cumulative growth in April and May 2012, respectively. Mr. Dodie Gañac, VP for marketing of CAC links this to the palpable increase of both perceived and actual value of Kia vehicles among potential car buyers. “As Filipino motorists see more Kia vehicles on the road, and their friends and family buy Kia cars, they are able to appreciate our brand’s performance better. There’s the signature styling, the car’s responsiveness, the ride experience and many other factors all adding up to make the decision to buy a Kia a very logical one,” Gañac noted. KIA’s sales performance in the Philippines apparently mirrors the worldwide growth and popularity that the brand enjoys as Kia’s global identity and positive brand association has led to more vehicles sold globally. This May, Kia posted 15.5% year-on-year sales growth in global sales.

MINDANAO

BusinessWeek Program... from page 9

volves the introduction of the additional two years, Grade 11 and 12, with technologicalvocational and general curriculum as part of the K to 12 basic education program, in close coordination with the Commission on Higher Education and the Technical Education and Skills Development Authority. One of the purposes of the K to 12 is the need to address the issue on mismatch of competencies and the job requirements of industries and the business sector.Thus, K to 12 ultimately seeks to prepare the students for their entry to higher education and equip them with relevant and globally competitive skills, which will foster employability and entrepreneurship or techno-entrepreneurship. Dr. Luz Almeda, Regional Director of DepEd-10 said the model SHS are selected based on the following criteria: has an established postsecondary education, has a strong school-local industry partnership, and has graduates that are prioritized by the neighboring/local industries for employment. It has also available functional workshop laboratories with qualified teachers and established linkages with local colleges/higher education institutions for possible recognition of subject units taken in SHS, if and when the student chooses to continue academic advancement.

Almeda said the three SHS modeling schools in region 10, are the Opol National School of Arts and Trade in Opol, Misamis Oriental, Iligan City National School of Fisheries in Lanao del Norte and Bukidnon National High School in Malaybalay City in Bukidnon. The other schools are Tagum National Trade School in Tagum City, Region 11, Bukig National Agricultural and Technical School, Region 2,: Angeles City National Trade School, Balagtas National Agricultural High School and Bataan School of Fisheries, Region 3; San Pedro Relocation Comprehensive High School and Pinagtulongan National High School in Batangas, Region 4-A and Rizal Experimental Station and Pilot School for Cottage Industries and Claret, Xavier, PNU Laboratory School and La Salle High Schools in Quezon Cit, National Capital Region; Doňa Monserat Lopez Memorial High School, Bacolod National High School and Dingle Farm School, Region 6; and Subang-Daku Technological-Vocational High School in Mandaue City, Region 7.

Copper-gold... from page 1

tion that his action was prompted by the inefficiency of the foreign mining company involved in the project, specifically St. Augustine Copper and Gold, which is listed in the Toronto Stock Exchange. In a telephone interview

June 22-24, 2012 with BusinessWeek, Mr. Arreza said his order was mainly prompted by the failure of the local company to put its house in order. “The problem is that there are warring factions within the local company,” Mr. Arreza explained, dismissing an earlier press statement distributed here from an unidentified source that the foreign company’s action was the reason for the inaction of the agency. He also pointed out that there were two versions of the study submitted to his office, both submitted by the local group. The first one was submitted by the group of Conrado T. Calalang, past chairman and the leader of the investor group controlling half of its stocks. Another version, he added, was submitted by the group Jose G. Ricafort, principal stakeholder of the local company. Both the local company and its foreign partners have not released any official statement on the issue. Mr. Arreza added that the documentary lapses his agency pointed out to the two groups “could easily be complied with” and that these problems were not the main issue for his action. “The only way to resolve this is for the local company to act as single entity,” he added. A press release circulated on Tuesday had stated that Mr. Arreza shelved the study because of deficiencies. These reportedly included the lack of incorporation papers, nonregistration of technical services agreement and onshore services and its failure to provide certification authorizing the person submitting the documents. The statement also quoted unidentified industry sources claiming that the foreign com-

pany “has been remiss even with contractual obligations with” the local company. Last month, the local company noted it submitted the study, prepared with St. Augustine Copper and Gold, to the Mines bureau noting it was completed in record time.

SM...

from page 1 par t nership w it h mu ltinational Philip Morris, 77-year old Tan also is part owner of Asia’s oldest carrier, Philippine Airlines, a substantial interest in which he sold to long-time beverage rival, San Miguel Corp. Third on Forbes’ list is port operator Enrique Razon Jr., who was credited with a net worth of $3.6 billion, or about P152 billion. Apart from International Container Terminal Services Inc., the 52-year old Razon also has interests in mineral exploration and recently has ventured into t he tourism space with his gaming firm, Bloomberry. Fourth on Forbes’ list is John Gokongwei Jr., who has an estimated net worth of $3.2 billion, or about P135 billion. The 84-year old businessma n’s empire includes t he Philippines’ fastest-growing budget carrier, Cebu Pacific, food manufacturer Universal Robina, and property f irm Robinsons Land. Fifth on Forbes’ list is 90year old construction magnate David Consunji and family, who are worth of $2.7 billion, or about P114 billion, Forbes. com said. Other businessmen on the Forbes list in order of their net worth are the following: - Andrew Tan, $2.3 billion; - Jaime Zobel de Aya la and family, $2.2 billion;

- George Ty and family, $1.7 billion; - Rober to Ong pin, $1.5 billion; - Eduardo Cojuangco, $1.4 billion; Senator Manuel Villar is also on the list, coming in 18th with a net worth of $720 million. Among world ’s top billionaires Sy and family also ranked

116th in Forbes’ list of the world ’s billionaires, which 72-year-old Mexican telecoms owner Carlos Slim topped, with a net worth of $69 billion. Microsoft chairman Bill Gates, 56, ca me in second with $61 billion, and Berkshire Hathaway chief executive and investing legend Warren Buffett, 81, was in third place with $44 billion.--InterAksyon

FOR YOUR ADVERTISEMENTS PLACEMENTS CONTACT

Greetings from:

Board Member 3rd District of Bukidnon

BusinessWeek

June 22-24, 2012

MINDANAO

Greetings to BUSINESSWEEK MINDANAO on its 3rd year of service to Mindanaoans! From:

LIM KET KAI GROUP OF COMPANIES

The Limketkai Group of Companies owns and operates the Limketkai Center considered as the most expansive shopping, dining, and leisure complex in Mindanao. LIMKETKAI CENTER A Legacy for Cagayan de Oro Named in honor of the family patriarch Mr. Lim Ket Kai , a philanthropist and industrialist, the Limketkai Center is now the Philippine’s leading business district in Mindanao nestled in nearly 40 hectares of prime estate in Cagayan de Oro City. It is envisioned to provide everyone who visits the business district with a new experience in shopping, dining, entertainment, business, personal services and other lawful endeavors just as one would experience in a first world country. The Limketkai Center is made accessible by a 6-lane main avenue that cuts across the Rosario Crescent and other roads inside the Limketkai Center lined with stately trees and complemented by lush green landscaping. It has a web of canopied elevated walkways that connect all developments: the Limketkai Mall and East Concourse Annex Bldg., the Rosario Strip, the Atrium, Hotel Limketkai, the Limketkai Gateway Office Towers, and others. Inside the Limketkai Center are branches of seven commercial banks, rows of 14 ATMs and other free-standing buildings including the Consular Services Office of the Departmentof Foreign Affairs, MacDonald’s and Starbucks Coffee (both firsts in Mindanao) which are adjacent to the Limketkai Mall. The Limketkai Mall. - The anchor development of Limketkai Center now has a built-up area of approximately 322,550 sq. meters, including the latest additional spaces at the Green

MOST OUTSTANDING MINDANAO BUSINESS LEADER IN MEGA-ENTREPRENEUR CATEGORY

LIMKETKAI GROUP OF COMPANIES Most Outstanding Mindanao Business Leader in MEGA ENTREPRENEUR Category

Lane and East Concourse Extension and Annex Building. Average Foot traffic or shoppers-count entering the Limketkai Mall during regular weekdays reached approximately 80,000. This swells to 100,000-115,000 on weekends and holidays. At present, the Limketkai Mall houses more than 475 shops and stores, both in the middle and high-end range of the market. Among the leading stores are Robinson’s Department Store and Supermarket, Handyman, National Bookstore, Mercury Drug and Watson’s, concept stores of Samsung, Sony, Hub (Apple) and Puma, as well as the stores of the Rustan’s Stores Specialists, Inc., such as Marks & Spencer, Lacoste, 158 Blvd., Charriol, Cache Cache, Gap, etc. The Limketkai Mall’s Rotunda plays host to many business, social and cultural events, shows and exhibits. Bigger events are mostly held in the Limketkai Atrium. The Limketkai Atrium- This cavernous multi-function hall in Limketkai Center has been preferred venue for conventions, conferences, exhibits, pageants, concerts and shows, even for grand dinners and receptions. It is so because of its capacity of at least 4,500 seats, including the gallery in the second level. The Atrium is equipped with top-of-the-line audio-visual equipment, especially for concerts and special large gatherings. The Rosario Strip- Adorned with luscious gardens and follage of trees, this strip of resto-bars, pizza parlors, coffee shops and regional food diners, offers a refreshing place for recreation and repose, closing business deals, entertaining visitors, etc. The Rosario Strip is complementary and interconnected to the new 24/7 Gateway Entertainment Zone in the north side of Limketkai Center via the elevated walkways. The Limketkai Gateway Tower - The 8-storey edifice along the north-side of the Limketkai Center serves as the main gateway to the Limketkai business district from the national highway. It is envisioned to become a financial center to serve the City of Cagayan de Oro and its environs. Hence, it is ideal as office for professionals, banks, financial institutions and other firms. The Limketkai Gateway Tower also houses 24/7 stores of Jollibee and Rose Pharmacy that completes the adjacent 24/7 Gateway Entertainment Zone across the Limketkai Avenue. Hotel Limketkai - Expected to start commercial operation by the last quarter of 2012, this 18-storey hotel ofers 212 well-appointed business class hotel rooms and suites with world-class amenities and services including an infinity pool, gym, spa, business function rooms and a 700-seat ballroom. Hotel Limketkai will not be the tallest building in Mindanao for long since Limketkai Center has also started foundation work for its 32-storey structure designed for a 5-star hotel beside this 4-star Hotel Limkertkai. Because of its being homegrown and centrally-located

business district that provides complete world-class amenities and widest range of establishments, Limketkai Center is visited by residents and tourists of the City alike, with such normal regularity that it has become a lifestyle for them. The Limketkai Center is their natural destination for shoping, entertainment, dining, business, culture, and other pursuits. It naturally sets the puse of the City, hence Limketkai Center is truly the heart of Cagayan de Oro City. The Limketkai Sons Inc. is also into agribusiness, manufacturing and producing the famous Marca Leon cooking oil, margarine, and processes corn grits that supply various agri-business firms in the country. The erstwhile Limketkai Sons Milling, Inc. is now Limketkai Manufacturing Corporation (LMC). LMC was recognized as the Most Outstanding Countryside Large-Scale Industry in the Philippines by the Philippine Chamber of Commerce & Industries in 1994. In 1980s, LMC was considered among the biggest corn millers in the country by the Confederation of Corn Millers of the Philippines. LKKS also owns and controls Jolibee Group, Limketkai Center; Limketkai Hotel & Resorts; and Limbros Enterprises. Albino U. Limketkai is the current Chief Operating Officer of Limketkai Sons, Inc (LKKS), the parent company of the Limketkai Group of Companies.