MARCH 16,2012 BUSINESSWEEKMINDANAO

BusinessWeek

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com Issue No. 57, Volume III • March 16-17, 2012

Market Indicators

AS OF 5:47 P.M., MAR. 15, 2012 (Wednesday)

FOREX

PHISIX

US$1 = P43.01

5,031.78 points

19.21 points

;

13 cents

;

Briefly Coops partylist

LEADERS of the cooperative movement in Mindanao have launched the 1-Koop Mindanao Party in the first-ever gathering of more than 300 representatives of various cooperatives in the island.

Representatives of more than 74 primary cooperatives all over Mindanao gathered Saturday, March 10, 2012, at the Pearlmont Hotel in their first-ever Party General Assembly to plot the political future of cooperatives.

“This is a milestone for the cooperatives in Mindanao,” said 1-Coop Mindanao Party Interim President Edgar Amoronio, the general manager of the Sta. Catalina Multi-Purpose Cooperative (SCMPC) of President Roxas, North Cotabato.

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

Robust retail industry growth seen in 5 years

By NELSON V. CONSTANTINO, Editor-in-Chief

T

HE country’s retail industry is expecting a robust growth in the next five years, from P1.32 trillion in 2011 to about P1.67 trillion in 2015 owing to the expanding population especially in urban centers, rising consumer spending and the continued development of organized infrastructures.

Tax collections

TAX collections by the Bureau of Internal Revenue (BIR) in Northern Mindanao last year was recorded at P5.8 billion, higher by 14 percent from the P5.1 billion collections in the year 2010.

This was disclosed by Engr.

Cecilio Clarete, chief economic development specialist of National Economic and Development Authority (NEDA) in Region 10, during the media forum on the regional economic situationer held yesterday at the NEDA Conference Room.

He said the improvement in collections was reportedly due to the BIR’s intensive implementation of its programs such as the Oplan Kandado and the Run After Tax Evaders.

Energy saving

DAVAO City -- Davao del Sur Governor Douglas Cagas recently issued an order for the provincial government offices to comply with his energy saving measures, in a bid to help address the global energy crisis.

The Governor released Memorandum Order 197-2012 on March 5, enjoining all the department and division heads, consultants and project managers and coordinators to adopt energy utilization and conservation measures.

Provincial information officer Nilda Aninon said that the first directive pertains to all official travels of officers and employees which should be programmed in advance.

P15.00

KOREAN MISSIONARIES: A boy gets his turn of meals from Korean missionary group Doalnara at a relocation center in Cagayan de Oro. The group, called Doalnara Restoration Society Philippines, is a multipurpose cooperative based in Sitio San Roque, Aposkahoy, Claveria, Misamis Oriental and indulges in organic farming of vegetables.

PHOTO BY MIKE BAÑOS

Phoenix Petroleum moves to increase presence in Visayas

By CARMELITO Q. FRANCISCO Correspondent

DAVAO City -- Phoenix Petroleum Philippines aims to increase revenues from its operation in the

Visayas by up to 50% next year with the increase in the number of its stations in the region.

Dennis A. Uy, company president and chief executive, said the company will make itself felt more

in the Visayas after it claimed the top spot among independent vehicle fuel retailers in Mindanao and the number four on the island for the entire industry.

PHOENIX/PAGE 8

But Atty. Paul Santos, vice-president for external affairs of the Phillipine Retailers Association (RTA), said the growth would also depend on tricky fundamentals that affect consumers’ capability to spend.

At the sideline of the Merchant’s Preview of Ayala’s Centrio in Cagayan de Oro yesterday, Santos said that while the industry has registered record growth in 2010 largely due to electionrelated spending, last year has been a flop albeit expectedly.

“Coming from a strong performance in 2010, we had forseen the retail market to slowdown the following year as soon as election-related spending has INDUSTRY/PAGE 8

DOE: M’danao power crunch is ‘manageable’

By ALLAN MEDIANTE, Executive Editor

DESPITE two- to four-hour brownouts in parts of Mindanao, the power supply situation in the area remains “manageable,” according to a Department of Energy (DOE) official.

In a briefing, Undersecretary Josefina Patricia Asirit on WednesPOWER/PAGE 8

‘Sendong’ victims moved to ‘Amakan’ village

By BONG FABE, Correspondent

AT least 67 families or 300 individuals who survived the rampaging floodwaters brought

by Typhoon Sendong nine days before Christmas last year have moved to the aptly-named “Amakan Village” at the old cemetery here while waiting for their final permanent houses in designated resettlement sites.

Archbishop Antonio J. Ledesma, SJ, DD, who named the temporary shelter site in the Archdiocese-owned lot in Barangay 40 as BRIEFING. Archbishop Antonio J. Ledes“Amakan Village” because houses constructed ma briefs foreign envoys about the there were made of amakan (woven bamboo efforts to help Sendong survivors.

VICTIMS/PAGE 10 PHOTO BY BONG D . FABE

BusinessWeek Economy 2 March 16-17, 2012 LGUS urged to have workable tourism masterplan MINDANAO

D

AVAO City -- A private sector-led is that their promotions where the LGUs tell them of MinTC. The plan is as The Philippines in the currently in phase-2 under 16th century. tourism group urged local government target the wrong audience. what they want.

The Mindanao Tourism “We do not dictate to the implementation phase.

Glan has also revisited units in Mindanao to come up with Council, a Davao Citythem what is to be done; Under the masterplan its local revenue code viable tourism master plan in their localities.

“There are many LGUs that have really beautiful places but they lack technical knowhow on product development, marketing and promotions,” says Jonallier Perez, member of the board representing Davao Region for the Mindanao Tourism Council.

Perez cites an example, a breathtaking waterfalls is often marketed to retirees or elderly people. Their strategy should target young people who could go up mountains to experience those waterfalls.

He cites that among the pitfalls of an ill-advised tourism marketing plan

based private organization of major tourism players in Mindanao provides technical expertise to LGUs in making tourism masterplan.

“We provide the medium, the participants provide the content.” Perez said, the building of tourism masterplan is itself a participative approach

we provide technical assistance to help them come up with a workable tourism master plan.”

Among LGUs who have sought MinTC assistance is the municipality of Glan in Sarangani Province, famed for its white sand beaches. The town has drafted a 5-year tourism masterplan with the help

Glan is promoted as a tropical beach paradise and is being packaged as a resort convention center.

Aside from beaches the town is promoting secondary tourism products such as its colonial houses and also the fourth landing site of Spanish explorer Miguel de Villalobos, famous for christening the country

to spur tourism investment in the town, among these are tax holidays, discounts for tourism establishments and tax reduction on corporate social responsibility (CSR) projects. Another program being implemented is the development of tourism infrastructure in the municipality.

City council authorizes Mayor on PPP projects

By ELDIE N. DAVID, Contributor

BUTUAN City – The Sangguniang Panglunsod recently passed an ordinance authorizing Mayor Ferdinand Amante Jr. to offer potential Public-Private Partnership (PPP) projects to private investors.

Principally authored

by Vice Mayor Lawrence Fortun, the ordinance is in consonance with Executive Order No. 51 that created the PPP Executive Team to advocate, conceptualize, initiate, organize, coordinate, direct and oversee the planning, implementation, monitoring and evaluation of PPP programs, projects and activities.

In filing the ordinance, Vice Mayor Fortun noted the city’s natural and economic resources that are potential for the rapid economic growth, and sustainable and equitable development of the locality.

“There is also an impetus to develop and implement a comprehensive economic agenda to maximize and convert potentials into concrete and environmen-

Mayor Amante

tal gains,” further said.

The PPP, as advocated by the national government, is seen by the vice mayor as a pivotal and key strategy in the implementation of the economic agenda.

He also explained that the Local Government Code of 1991 has vested upon the LGUs the prerogative to enter into contracts on its properties, subject to limitations imposed by law, and authorized the LGUs to undertake major infrastructure improvements

and to seek financing for this purpose, he stated.

Among the projects eligible for PPP offering are power plants, slaughterhouse, tourism projects, piggery, swine-semen processing center, farm facilities, farm-to-market roads, agricultural mechanization, public markets, public toilets, public terminals, education and health facilities, megainfrastructure projects, solid waste management, land reclamation projects, drainage and dredging.

Online business registration starts ment of Trade and Industry starting March 1.

(DTI) has announced the This after more than launching of business reg- two (2) months President ILIGAN City -- The Depart- istration using the internet, Benigno Simeon Aquino III and DTI launched the Philippine Business Registry System (PBRS).

With the system, a proprietor can register business while at home with internet ONLINE/PAGE 9

By MELVIN T. ANGGOT Contributor

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 0917-706-1516, 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

Companies

BusinessWeek

MINDANAO

Ayala moves to raise P10B via notes issuance AYALA CORP., the country’s oldest conglomerate, has moved to issue as much as P10 billion worth of bonds to bankroll new projects and refinance debt, a disclosure to the local bourse showed on Wednesday.

After a regular meeting, Ayala’s board of directors approved the issuance of fixedrate bonds worth about P8 billion to P10 billion, subject to the endorsement of the Securities and Exchange Commission, the disclosure read.

“The bonds will be used for additional working capital for new investments, and also prepay certain debt,” Ramon G. Opulencia, Ayala Corp. treasurer, said.

In recent years, the conglomerate has moved to broaden its business interests, especially in the power and infrastructure sector.

In 2011, Ayala committed nearly P7 billion for alternative power generation facilities and the construction of the four-kilometer Daang Hari-South Luzon Expressway link, the first public-private partnership project rolled out by the government.

The bonds will be publicly offered in minimum denominations of P50,000 apiece, and in multiples of P10,000 thereafter, to be priced at their full face value, Ayala said.

These bonds will mature 15 years from the issue date and carry a call option, which will give Ayala the right, but not the obligation, to redeem the bonds at a specified price, within a specific time frame.

BPI Capital Corp. will serve as issue manager of the transaction, Ayala added.

Last November, Ayala redeemed P6 billion worth of bonds issued in 2007 a year ahead of schedule, with the price set at 100% of the issue plus all accrued and unpaid interest and early redemption penalties, earlier reports said.

The bonds had been originally issued to refinance peso loans and bankroll Ayala’s general working capital.

Ayala’s planned issuance comes as another major conglomerate, Sy-led SM Investments Corp., also recently moved to issue convertible bonds with a five-year term and a coupon rate of 1.625%, to pay off old loans and for general corporate purposes.

These bonds held a maturity yield of 2.875% per annum and a conversion premium of 20%.

Ayala was incorporated in 1968 and listed on the Philippine Stock Exchange in 1976.

The company posted a AYALA/PAGE 4

BUDGET carrier Cebu Pacific’s earnings last year fell by almost half due to high jet fuel costs.

In a statement to the Philippine Stock Exchange, the Gokongwei-led airline said its 2011 net income amounted to P3.624 billion, down 47.6% from P6.922 billion in 2010.

It said the 16.7% growth in its revenues to P33.935 billion failed to offset the increase in its expenses.

Cebu Pacific’s operating expenses grew 34.3% to P30.408 billion last year as fuel costs surged 39.3% amid escalating global market prices. Fuel made up about 50% of the airline’s total expenses.

Cebu Pacific flew 11.94 million passengers last year, 14% higher than 2010’s 10.5 million, but narrowly missing the company’s 12 million target.

Fuel surcharges Due to higher oil prices,

Barangay Municipality Milaya Wao Poblacion Wao Kili-kili Wao Park Area Wao Kili-kili Wao Baguic-ican Pangantucan Kipaducan Pangantucan Kinura Kalilangan Kinura Kalilangan Macaopao Kalilangan TOTAL

LISTED GREENERGY Holdings, Inc. has entered into a joint venture with a China-based firm to set up an incubator for energy

Province Lanao Del Sur Lanao Del Sur Lanao Del Sur Lanao Del Sur Lanao Del Sur Bukidnon Bukidnon Bukidnon Bukidnon Bukidnon

1Ø (km) 0.46 1.01 0.49 1.30 0.41 0.19 0.51 0.75 5.12

O.S. (km) 0.12 1.05 0.10 0.73 1.10 0.47 0.29 0.56 4.42

U.B. (km) 0.46 0.44 0.49 1.06 0.41 0.19 0.41 0.24 3.70

Interested party shall have the option to bid on the schedule above and may obtain Bid Documents and further information from the office of the BAC Secretariat from 9:00 am to 4:00 pm starting March 19, 2012 upon submission of Letter of Intent. Pre-Bidding Conference is set on March 22, 2012 at 9:00 am at FIBECO Main Office, Anahawon, Maramag, Bukidnon. Eligibility Documents, Technical Proposals and Financial Proposals shall be properly segmented, duly marked as such, and submitted to the BAC Secretariat on or before 9:00 A.M. of March 28, 2012.

Opening of Bids and Pre-Qualification evaluation shall be conducted at 9:00 A.M. on March 28, 2012 at FIBECO Function Hall, Anahawon, Maramag, Bukidnon.

FIBECO reserves the right to reject any proposals, to waive any minor defects or infirmities therein, to annul the bidding process, or declare failure of bidding, or not to award the contract in any of the situations pursuant to the coop procurement policy; and or to accept such bid as may be considered most advantageous to FIBECO.

ENGR. ANTONIO N. OBICE, JR. BAC Chairman

Cebu Pacific wants to hike fuel surcharges collected from passengers of its local flights.

The airline has asked the Civil Aeronautics Board (CAB) to approve a P50 to

P100 adjustment in surcharges.

The International Air Transport Association’s price monitor showed that jet fuel prices reached $137.1 per barrel as of March, up

9.7% from the same period last year and 6.1% higher compared to the previous month.

The CAB set the hearing for Cebu Pacific’s petition on March 22.

Greenergy sets up research incubator

The First Bukidnon Electric Cooperative, Inc. (FIBECO), through its Bids and Awards Committee (BAC), invites interested bidders to bid for the supply and Delivery of the following NEA Approved Sitio Electrification Program:

Sitio / Purok Purok 5 Maharlika Village Capon Sitio Balikaw Kili-kili Extension Purok 4 Sitio Bacolod Lower Kinura Upper Kinura Sitio Agaton

3

CebuPac 2011 earnings fall on high fuel costs

INVITATION TO BID

No. 1 2 3 4 5 6 7 8 9 10

March 16-17, 2012

ENGR. RENATO S. CORTEZANO General Manager

technology start-ups, the company said in a disclosure.

The company’s board of directors approved a “grant

of authority to invest up to funding startup companies.”

100 million RMB to form The incubation coma China-based science and pany will invest in firms technology incubation com- in Chinese economic zones pany that will engage in GREENERGY/PAGE 4

4 March 16-17, 2012 Samsung sees it will be No. 1 in laptop market SAMSUNG Electronics Philippines Corp. (Sepco) is confident it will be No.1 in market share in the laptop by the end of the year.

An official said on Tuesday night at the launch of Sepco’s first Ultrabook, the Series 5 ULTRA, that Sepco’s current market share stands second to Acer.

“In the third and fourth quarters of 2011, we were already No. 2 in terms of laptop-market share but we are aiming for No. 1 by end of this year,” said Eric Sulit, Samsung business unit director for information technology.

Sulit boasts of Samsung’s commanding presence in all segments, which includes laptops, handsets, tablets, among others.

“We have a strong retail presence. We always emphasize that we have to win at the retail stores across all our brands,” Sulit said.

Samsung forged a partnership with Intel in launching its newest product.

“With the Samsung and Intel partnership we can jumpstart the adoption of Ultrabooks. Our findings strongly indicate that consumers demand more than just thin and light devices; they also want higher levels of performance, bigger storage and longer battery life. The Samsung Series 5 ULTRA will be the first to answer these needs,” said Sulit.

The Samsung Series 5 Ultra is available in 13 and 14 inches. The 14-inch version pushes the envelope

of computing performance with an Intel Core i7-2637M processor, 6GB memory, 1TB of Hard with 16GB SSD ExpressCache system.

The powerful processor works with the latest AMD Radeon HD 7550M graphics card. The result is a graphics performance that is 2.2 times faster than the competitors.

The Series 5 ULTRA is able to do a blazing fast cold boot in just 20 seconds. It will wake from sleep in 2 seconds. Web browsing is twice as fast as the previous generation notebook PCs. It is currently the only Ultrabook with an integrated Optical Disc Drive.

In terms of connectivity, the 14’’ model offers full-size HDMI, VGA, two USB 3.0, one USB 2.0, 4-in-1 multi SD card slot, Ethernet and web cam. All of this comes in an ULTRA Light package of 1.84kg and a thickness of 20.9mm.

For even better mobility, the Series 5 ULTRA 13’’ is just 14~17.6mm thin and 1.38kg light. The Intel Core i5 processor, 4GB memory, 500GB storage and 16GB SSD ExpressCache ensures that performance is not compromised. To offer maximum connection to other devices, the 13-inch model also carries full-size HDMI and a VGA dongle to connect to new TVs and legacy projectors. Data connectivity is enhanced with a USB 3.0, two USB 2.0 ports, 4-in-1 multi SD card slot, Ethernet and web SAMSUNG/PAGE 7

REPUBLIC OF THE PHILIPINES REGIONAL TRIAL COURT 10TH JUDICIAL REGION BRANCH 28 MAMBAJAO, CAMIGUIN In the Matter of Petition for Issuance of Owner’s Duplicate Copy of OCT - P-10890 Of the office of the Register of Deeds of Camiguin,

MISC. CASE NO. 107

VIRGINIA D. SILAGAN, Petitioner, -versusAtty. Alma Concepcion M. Parreño, in her capacity as Ex-Officio Register of Deeds of Camiguin, Respondent. x------------------------------------------------------- / ORDER Petitioner, Virginia D. Silagan, of legal age, Filipino, married and resident of Tagdo, Mambajao, Camiguin, thru counsel, states that she is the vendee of a parcel of land owned and possessed by Cornelio Silagan, located at Barrio Tagdo, Municipality of Mambajao, Province of Camiguin, containing an area of 2,154 square meters covered by Original Certificate of Title No. P-10890 duly registered in the Office of the Register of Deeds of Camiguin.

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 said title has not been delivered to any person or entity to secure payment or performance of any obligation whatsoever.

It is the main thrust of the petition that after hearing the Owner’s Duplicate of Original Certificate of Title which had been lost be declared null and void and a new Owner’s Duplicate of Original Certificate of Title No. P-10890 be issued in lieu thereof under the same terms and condition as contained in the original on file.

The petition being sufficient in form and substance is hereby set for hearing on May 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 23rd day of February 2012.

(Sgd.) RUSTICO D. PADERANGA Judge BWM: MARCH 9, 16, & 23, 2012

Companies

BusinessWeek

MINDANAO

Alaska Milk marks milestone with Friesland Campina partnership to nourish 100M Filipinos THE partnership of Alaska Milk Corporation and FrieslandCampina dates back four decades ago when in 1972, the first can of Alaska evaporated filled milk was produced in the country through the collaboration of the Uytengsu family and the Dutch dairy cooperative.

Today, that partnership was further strengthened through the increased investment of FrieslandCampina in Alaska Milk.

Royal FrieslandCampina is the leading dairy company in Netherlands and ranked 5 among the largest dairy companies in the world with annual turnover of EUR 9.0 billion. Currently, FrieslandCampina employs 19,000 people in 25 countries with products sold in more than 100 countries.

To Alaska Milk, the partnership presents a host of possibilities from an operational standpoint.

FrieslandCampina brings to the table a portfolio of dairy products ranging from raw material ingredients to valued-added dairy products such as infant formula, cheese, butter, yoghurts among others. It also affords Alaska Milk to compete

globally through the possible distribution of Alaska Milk products in territories outside of the Philippines.

The partnership also offers learning through exchange of best manufacturing and marketing practices, including exchange of talents, culled from years of solid experience by both companies.

This partnership is expected to usher an era of unprecedented development for the domestic dairy market in terms of transfer of technology, research and development and will elevate food and security awareness in milk processing in the Philippines.

Alaska Milk also sees the partnership in line with its strategic goal of doubling the business by 2014. Alaska Milk posted compounded annual growth of 9% from 1999 to 2010 and average

double-digit earnings before interest and tax (EBIT) since 2001.

“We expect this historical agreement to propel Alaska Milk to its next stage growth and the products developed

by FrieslandCampina will strengthen our position in all dairy categories. The intended integration will provide Alaska Milk with access to an international dairy company. It is a testament to our aspiration to bring our business and products regionally,” said Wilfred Steven Uytengsu, President and Chief Executive Officer of Alaska Milk.

For forty years, Alaska Milk has shown consistent brand leadership in the liquid canned milk category, a strong and growing position in the powdered milk and value-added milk products such as readyto-drink milks and readyto-use products. Recently, Alaska Milk expanded its product portfolio in the non-dairy coffee creamer category and sterilized milk segment.

The company has likewise established a strong

partnership with its trade and business partners in providing its consumers with the highest level of service.

Alaska Milk and Fr ieslandC ampina are both committed to lead the growth of the domestic dairy market. They share the same passion of providing consumers with affordable and world-class products that play an important role in people’s nutrition and well-being.

Forty years ago, Alaska Milk set forth to provide quality and affordable nutrition to Filipinos and today that commitment remains true and is further reinforced through this renewed partnership.

Working together to help the country and its people move forward in life with natural dairy nutrition.

The heart of soul of Alaska Milk remains stronger than ever.

“My heart remains here and I will continue to lead the management team of Alaska Milk for the foreseeable future.” Mr. Uytengsu adds.

Mobile providers to control spam text A GROUP of nearly 800 mobile phone operators moves to ensure that complaints on spam text activities are addressed.

Globe Telecom Inc. and Philippine Long Distance Telephone Co. are members of GSM Association (GSMA) which announced during the Mobile World Congress in Barcelona, Spain that

American telecommunication giants AT&T, Bell Mobility, Sprint, T-Mobile and Verizon Wireless have launched the GSMA Spam Reporting Service (SRS), a worldwide clearinghouse of messaging threats and misuse which have been reported by mobile users.

The GSMA SRS analyzes text messaging traffic and

REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch 39 Cagayan de Oro City 2012-107 IN RE: PETITION FOR CORRECTION OF ERRONEOUS ENTRY ON SEX IN THE CERTIFICATE OF LIVE BIRTH OF VANESSA DELIMA VILLAHERMOSA,

SPEC. PRO. NO. 2011-203 For: CORRECTION OF ENTRY

VANESSA DELIMA VILLAHERMOSA, Petitioner, -versusTHE LOCAL CIVIL REGISTRAR OF CAGAYAN DE ORO CITY, Respondent.

X------------------------------------------------------/ ORDER Petitioner, through counsel, filed a verified Petition for Change of Gender in her Certificate of Live Birth from Male to Female.

Finding said petition sufficient in form and substance, the same is hereby given due course. The Petitioner is hereby directed to cause this Order to be published once a week for three (3) consecutive weeks in a duly accredited newspaper of general circulation in the City of Cagayan de Oro, Province of Misamis Oriental, at her own expense.

Let copies of this Order be posted in the Bulletin Board of City Hall, Cagayan de Oro City, Bulletin Board of the Civil Registrar of Cagayan de Oro City, and the Bulletin Board of this Court.

This case is set for hearing on May 10, 2012, at 8:30 a.m. at the Session Hall of this Court. The Civil Registrar and any person having or claiming any interest under the entries whose cancellation or correction is sought may, within fifteen (15) days from notice of the Petition, or from the last date of Publication of such notice, file his/her opposition thereto.

Let a copy of this Order be furnished the Office of the Solicitor General, Office of the Civil Registrar of Cagayan de Oro City, the Petitioner and her counsel.

AFTER petitioner’s documents in compliance with jurisdictional requirements are marked and declared complete, and there is NO OPPOSITION filed, petitioner should PRESENT EVIDENCE EX-PARTE before our Branch Clerk of Court, Atty.

Edmundo V. Raagas, at 2:00 p.m of the same date above-mentioned.

SO ORDERED. Given this 9th day of February, 2012 at Cagayan de Oro City.

(Sg.) MARITES FILOMENA B. RANA-BERNALES Presiding Judge BWM: MARCH 9, 16, & 23, 2012

identifies and aggregates reports of misuse submitted by mobile subscribers of participating networks via code 7726, which spells “SPAM” on most phones.

Consumers will be able to direct alleged spam to a responsive feedback system, so that appropriate action can be taken by the operator.

This action might include investigations, warnings and blocking of senders who

Greenergy... from page 3

science and technology, renewable energy and environment-friendly products.

“Renewable energy technologies are a priority. The joint venture is for us to capture the Chinese technology and market,” said Greenergy President and Chief Executive Antonio L. Tiu said.

Aside from the investment into the incubation company, Greenergy’s board also approved the authority to “enter into agreements

Ayala... from page 3

16.07% drop in its 2011 net income as extraordinary gains last year -- sans earnings from the hiked interest in Manila Water Co., Inc. -- decreased by 83.03% to only P611 million, pulling down its net income to P9.4 billion versus P11.2 billion year on year.

Never theless, Ayala managed to record growth in its recurring earnings last

have been reported by end users as sending unsolicited or fraudulent messages.

“As mobile phones are such a personal medium, SMS spam feels like a very personal violation and customers may be tricked into becoming victims of MOBILE/PAGE 7 with government agencies and local government units in relation to solid waste recycling and biomass generation.”

Recently, the firm increased its capital stock to P2 billion from P1 billion.

Greenergy, formerly MUSX Corp., decided to change its business focus to energy projects from semiconductors in 2010.

It took the initial steps to move into the energy sector when MUSX bought Total Waste Management Recovery System, Inc. in June. year, fueled by its core real estate, banking and water utility businesses.

For 2012, the company has allotted P91 billion in capital expenditures to finance activity in real estate development, telecommunication network improvement, water business investments, and other acquisitions. Ayala shares rose by 0.48% to P415.00 apiece yesterday f rom P413.00 at its previous close.

BusinessWeek

MINDANAO

Banking/Finance

Consolidation of 3 Mindanao cooperative banks okayed

By ISAGANI DABA. Contributor

OROQUIETA City -- The Monetary Board of Bangko Sentral Ng Pilipinas (BSP) approved the consolidation of the Misamis Occidental Coop Bank (MOCB), the Coop Bank of Davao del Sur (CBDS), and the Coop Bank of Surigao del Sur (CBSS), during its meeting last Feb. 16.

After almost four years of follow-ups, submission of requirements, revisions and additional requirements, the three coop banks will now become

a single entity under the name Consolidated Coop Bank (CCB).

CCB will have three offices: main office in Digos City and branches in

Mangagoy, Bislig City, and Oroquieta City.

It also aims to transfer its main office to a major city in Mindanao, most likely Davao City, as it also plans to open more branches in 2012, in the cities of Cagayan de Oro, Iligan, Surigao and Tagum.

Closed by the BSP in 2003, MOCB was reopened, on the promptings of then Director Manuela Pelaez of the Cooperatives Develop-

ment Authority (CDA), Region 10, on April 26, 2007.

The new coop investors believe in cooperative effort among coops, which was actually replicated in Davao del Sur when seven cooperatives in the province joined forces to save CBDS in 2003 and the bank’s turn-around was hastened when First Community Coop (FICCO) joined them that year.

Depositors of 3 foreclosed banks to get insurance claims from PDIC STATE-RUN Philippine Deposit Insurance Corp.

(PDIC) will start paying deposit insurance claims of depositors of three foreclosed banks by the Bangko Sentral ng Pilipinas this year.

In three separate disclosures, PDIC said it will settle deposit insurance claims of depositors of the closed Cooperative Bank of Iloilo, Rural Bank of Luna (La Union), Inc. and the Rural Bank of Nasugbu (Batangas), Inc. beginning yesterday.

Claims of the depositors of the Cooperative Bank of Iloilo will be settled until March 27 at the bank’s head office in Bonifacio Drive in Iloilo City. Depositors of the Rural Bank of Luna, meanwhile, may settle their

claims at the bank’s head office in Alcala, Luna in La Union until March 29.

PDIC will also service depositors’ claims until March 21 in the bank’s branches in Bacnotan and Ili Norte, San Juan in La Union. Claims of the depositors of The Rural Bank of Nasugbu, will be paid until March 29 at the bank’s head office at J.P Laurel St., Nasugbu, Batangas.

On their appointment dates, depositors must bring their accomplished claim form, claim status sheet, original evidence of deposit, and original and photocopy of two valid identification cards with their signature.

Depositors below 18 years old are required to submit a photocopy of their birth certificate issued by

the National Statistics Office, or certified copies from their respective local civil registrar.

In case the claimant is not the signatory in the bank records, an original copy of a notarized or an authenticated special power attorney issued by the depositor or the parent of a minor depositor will be needed. Depositors with incomplete documents will not be able to get their claims.

Depositors who failed to file their claims within the alloted time may submit their claims starting April 12, 2012 at the PDIC head office in Makati.

Depositors of the Rural Bank of Luna may file their claims until Jan. 20, 2014; depositors of the Coopera-

BIR intensifies initiatives to hike revenue collections

By APIPA P. BAGUMBARAN Contributor

THE Bureau of Internal Revenue (BIR) is steppingup its taxpayer service, automation and enforcement initiatives to improve taxpayer compliance and increase its revenue collection.

Thus announced Reymarie Dela Cruz, chief of the Bureau’s Taxpayer Information and Education Division (TIED), during the kick-off program of the 2012 tax campaign in Northern Mindanao.

As part of the BIR taxpayer service, he said, the bureau is trying to clean-up its database and update its registration information records emphasizing that a clean database helps taxpayers comply with their obligations without any inconvenience or hassle.

“We are also trying to re-engineer our processes in our revenue direct offices particularly our business registration process in consonance with our quest to have a better quality management system,” he said.

The TIED chief also disclosed some programs to support their enforcement activities such as the computer audit system tools and techniques, which will speed up the process of auditing, verifying and examining taxpayer’s books of accounts. Other automation initiatives to facilitate transactions with the BIR included that of the Document Processing Division.

He said this is to systematize and rationalize the processing of tax returns and other declarations that taxpayers file with BIR.

8 insurance firms support proposed capital increase A MINORITY of life insurance companies support the proposed hike in the insurance industry’s capital requirement, while the remaining expressed concerns on the matter.

In a letter of the 33-member Philippine Life Insurance Association (PLIA) to the Insurance Commission (IC) released to reporters yesterday, the group said

that only eight companies have expressed their support to the proposed higher capital requirement provided in the commission’s draft order.

A majority or 18 life i ns u r an c e c omp an i e s , meanwhile, have decided to go with the PLIA board of directors’ decision that would be determined after their consultation meetings

with the industry’s regulator, saying that it would be to the “best interest of the life insurance industry as a whole.” The remaining seven raised concerns on the increase in capital requirement.

“The eight companies who have shown interest in the capital hike requirement are among the top ten life INSURANCE/PAGE 7

tive Bank of Iloilo until Jan. 24, 2014; and depositors of the Rural Bank of Nasugbu until Jan. 27, 2014 to file their claims.

PDIC will no longer accept any claim for insured deposits beyond the dates mentioned above.

March 16-17, 2012

5

GSIS extends deadline for loan moratorium

By APIPA P. BAGUMBARAN

THE Government Service Insurance System (GSIS) extended the deadline for the application of the ninemonth moratorium on loan repayments for its members affected by tropical storm Sendong.

Atty. Dionisio Ebdane, Jr., GSIS Senior Vice President (SVP) for Visayas and Mindanao Operations, announced in “Talakayan sa PIA” held at the Philippine Information Agency.

He said the deadline for the acceptance of loan moratorium application was extended from February 29 to March 31 this year.

T h e n i n e - m ont h m o r at o r i u m , f r o m Apr i l to D e cemb er 2012, is the second

phase of the moratorium program implemented by the GSIS to directly and immediately help memberborrowers affected by TS Sendong.

Qualified to avail are members residing and/or working in the cities of Cagayan de Oro and Iligan, as well as pensioners residing in both cities.

According to the GSIS Cagayan de Oro Field Office, 12,475 members were targeted to benefit from the second phase of the moratorium program; however, only 3,920 members have applied.

SVP Ebdane said the extended deadline will give ample time to the remaining 8,555 eligible members to avail of program.

ADVERTISING CORPORATION Upper Apitong, Macanhan Road, Carmen-Ilaya, Cagayan de Oro City (088)856-9995 • (08822) 72-99-99 email: bansqual@ultracraftadvertising.com

6

March 16-17, 2012

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Opinion

BusinessWeek MINDANAO

Agree With Your Critics THINK a minute…

Do you usually agree with people when they criticize you?

Probably not. But just for fun, try it sometime.

Agree with the criticism that people might give you.

At first, it won’t feel natural or fun because when people criticize us, our natural reaction is just the opposite.

We feel hurt like we’re being attacked. So as our blood pressure shoots up, we fire back our own criticism of that person like a counter-attack. But think of all the time and energy we waste reacting with anger to criticism.

A famous, successful

person says: “I’ve learned to take criticism seriously, but not personally.” You see, friend, it just might be true—at least part of it.

I don’t know about you, but I’ve got lots of room for improvement. So let’s take all the help we can get, even if it hurts a little, because the truth hurts sometimes. And if part of that criticism of us is simply not true or fair, then just take the part that is true and do something about it. Let it change you and make you a better person.

Make it work for you to your advantage.

As they say, “Spit out the bones and keep the meat.”

It will make you stronger

in your character. So we need just to chew on that criticism of us and think about it for awhile.

God created us to have the character of Jesus Christ. One of the main reasons He became a human being was to show us the kind of nature and person He designed us to be.

And all it takes is one look at Jesus to know we’ve got a long way to go to become that kind of person!

So let’s learn all we can and take all the help we can get—even from our critics.

The truth may hurt, but it also can set us free from our wrong attitudes, motives, and behavior. That’s the only way we can start

Judge Bienvenido A. Mapaye of Lucena Regional Trial Court Branch 55 found Aguado criminally liable for the complex crime of Estafa through Falsification of Commercial Documents, defined and penalized under Article 315 of the Revised Penal Code.

A background on the case: In May, 2011, the Rural Bank of Agdangan was placed under receivership by virtue of Monetary Board Resolution No. 735.

After the bank was closed, an investigation conducted by the BSP’s Office of Special Investigation revealed that while accused Aguado’s name did not appear in any of the Rural Bank of Agdangan’s loan documents rediscounted

JHAN TIAFAU HURST becoming all we were made to be. Why not ask Jesus Christ to forgive for your wrong way of living? Then ask Him to help you start making the changes you need to make in your character and life.

Just think a minute…

Dining splendor top of Carmen Hill ONE of the most exhilarating experiences is to view the city at the top. Café Cagayan at Pryce Plaza is the hotel’s main all day dining area which envelope a 360 degrees view of the skylines of Cagayan de Oro City.

Located top of Carmen Hill overlooking Macajalar Bay alongside a thirteen course international and Filipino breakfast buffet deliciously prepared by an assemble of local Chefs headed by Florencio Halasan, a native of Dimiao, Bohol who migrated to Cagayan de Oro in the late 80’s, offers dining choices from the authentic local dishes to Italian and Spanish favorites made from the freshest vegetables and herbs ingredients from the nearby farms in Bukidnon.

Guests coming from Manila in the first morning flight starts with a lavish breakfast spread featuring different cuisines, imported vitality juices, cereals and cheeseboards of Swiss Gruyere, Camberment and Ementahl garnished with Canadian grapes and Mediterranean olives expected only from a luxury hotel but comes generous and compliment a perfect day for business travelers and

foreign tourist visiting for the first or many times in Northern Mindanao.

National newspapers at Café Cagayan are pickup direct from the airport through the first morning flight. As readers in the national capital region scanned the latest news headlines that hit Manila, simultaneously, guests at Pryce Plaza open the same pages in real time. National and local business papers are given complimentary in the restaurants and in the hotel rooms.

Giving delicious culinary offerings with a warm smile and attention to details at Café Cagayan is Receptionist Merce Pama and Maitre D’ Hotel, Jose Maglacion a native of Camiguin Island who enjoys serving dignitaries and top corporate clients.

Joe, as he is known has repeatedly served and shakes hand with all Philippine Presidents who came to Cagayan de Oro in the last nineteen years he was working with Pryce Plaza.

The two leads a coterie of Waiters who makes guest’s dining experience pleasant and memorable.

An outstanding architectural edifice of a French and

American building structure, Pryce Plaza which was designed by Architect Filino Palafox, Jr. evolved from the former Alta Tierra Hotel acquired by Pryce Corporation from the PCIB foreclosed assets which undertook massive renovation and building expansion in a 7 hectare property to refit the hotel as a 4-star business class hotel in the early 1990’s.

The need for original Cagayan de Oro restaurant concept that could bring back the heritage cuisines of Cagayan de Ozamis the old name of Misamis Oriental are the recipes made famous by the families and spouses of the personalities who curved the history of the city and the province has long been a cherished wish of the hotel.

Effort to find heirloom recipe books leads the hotel culinary staff to Gingoog City for the famous Callos Madrilèñas and Lengua Estofado of the De Lara family courtesy of City Mayor Ruthie Guinguna. Fiesta fare recipes of the first City Mayor of Cagayan de Oro, the late Mayor Jacinto Borja, was retrieved in origin from Tagbilaran City of what is known as “Humba” flavored

Court decides rural bank case BEHIND every great fortune, according to 19th century French novelist Honoré de Balzac, there is a crime.

For falsifying commercial documents and managing to spirit away close to a million in loans from the Bangko Sentral ng Pilipinas (BSP), a former owner of a closed rural bank in Quezon province faces more than a decade of imprisonment.

Gregorio S. Aguado, owner of the closed Rural Bank of Agdangan (Quezon), Inc., has been sentenced to suffer imprisonment of 12 to 20 years, to indemnify the BSP in the amount of eight hundred three thousand pesos (P803,000.00), and to pay the costs of the suit.

THINK A MINUTE

with the BSP, he was actually the “beneficial owner” of the bank.

Agdangan, the BSP investigation showed, had been in full control of the bank since he acquired it from its previous owners in March, 1999.

In June, 1999, Aguado “orchestrated” the preparation of fictitious loan documents such as Application for Loan, Report of Inspection and Credit Investigation, Promissory Note, Disclosure Statement, Cancellation of Mortgage, Original Certificate of Title No. 4342 in the name of a certain Antonio Padua, Special Power of Attorney of Antonio Padua in favor of a Restituto Larano, and the Deed of Real Estate

Mortgage of this Restituto Larano.

Investigation further showed that Aguado had pre p are d t he s e d o c u ments to make it appear that Restituto Larano borrowed the amount of nine hundred thousand pesos (P900,000.00) from the rural bank.

These loan documents were actually fabricated by the Rural Bank of Agdangan for the sole purpose of rediscounting the same amount with the BSP’s Department of Loans and Credit.

Consequently, the BSP granted the rediscounting application and released the amount of P803,000.00 to the rural bank, which was then withdrawn by the bank’s President, Mario

TRAVERSING THE TOURISM HI-WAY

PED T. QUIAMJOT with bay leaf and the fish “Sinanglay” wrapped in a native pitchay leaves that will go to the new menu list.

A Fortich family recipe of “Pollo ala Andalucía” from south of Spain also goes on sale this summer.

At Café Cagayan, a perfect way to end the day for a sweet tooth flavor is the Tocino del Cielo an egg tart concoction using a baking combination of native eggs and condensed milk flavored with vanilla comes occasionally.

Or the Italian inspired creation of the hotel’s Pastry Shop called Sugar Free Tiramisu that melts on the palate as a leading coffee cake.

The hotel was the first to discover from the exQUIAMJOT/PAGE 7

SPEAKING OUT P. Reyes Sr., in behalf of Aguado.

Based on the abovementioned evidence, the Office of Special Investigation filed a criminal case for Estafa through Falsification of Commercial Documents solely against Aguado before the Department of Justice (DoJ). Reyes had passed away at the time this case was filed.

After the standard preliminary investigation, the DoJ found probable cause to indict Aguado for the crime charged, and filed the Criminal Information before the Lucena Regional Trial Court. During the trial, the prosecution presented the former officers and employees of the Rural Bank of Agdangan, Gerino

IGNACIO BUNYE Coligado of the BSP Department of Loans and Credit, as well as alleged borrower Restituto Larano.

The BSP’s Office of Special Investigation said the conviction of Aguado, despite the absence of his name from the rural bank’s rediscounted loan documents, will fortify BSP’s other cases against him. The accused BUNYE/PAGE 7

BusinessWeek

March 16-17, 2012

MINDANAO

Securitizing Intellectual Property

How many “know-itall’s” do you know?

PHILIPPINE laws recognize three kinds of property, namely, 1) immovables or real property; 2) movables or personal property and 3) intangibles or intellectual property (IP).

Intellectual property such as brands (trademarks), songs, literature, films and other artistic works (copyright) and innovations and inventions (patents) have proven to be valuable assets.

The Coca-Cola trademark is valued at US$71.861 billion in 2011. Apple is valued at US$ 33.492 billion.

The Blackberry brand is worth US$6.424 billion.

When the patent life of the anti-ulcer drug, Zantac was extended from December 1995 to July 1997 in the United States, Glaxo’s shares increased 640 points in the London stock market.

Legally protected (meaning registered) intellectual property also has value because of the future stream of income that it generates.

In 1997, English artist David Bowie issued bonds over the current and future revenues of his 300 songs in a deal that paved the way for more IP securitization deals to follow. His music rights, an intangible asset, served as collateral.

Prudential Insurance Company bought the bonds for US$55 million with an interest rate of 7.9% for 10 years. The royalties earned from the songs secured the bonds’ interests. By securitizing his intellectual property David Bowie received US$55 million in cash, which he used to purchase other songs and make compilations.

Financial Tools Financial instruments that are available to IP owners include loans, securitization, sale and lease back or venture capitalism.

In a loan the lender offers a loan at a fraction of the appraised value of the asset taking into consideration the quality of the intellectual asset, creditworthiness and others.

A sale of an IP asset with the option to lease back is an agreement whereby the originator sells the IP with the option to become the buyer’s licensee upon payment of rentals of the IP. Venture capitalists may invest heavily in strong IP assets, which can result in dilution in the shares of ownership of the originator.

Well-protected and commercially viable IP assets have increased chances of obtaining venture capital funds.

IP Valuation Intellectual property valuation methods involve the income-based approach, the cost-based approach and market-based approach. The income-based approach seeks to measure the value of IP on the basis of the present value of the future stream of economic benefits that be derived from its ownership. It can also be computed from the value of excess profits over and above the required rate of return or based on relief from royalty.

The cost-based approach values IP by quantifying the amount of money that would be required to replace the future service capability of the IP. This assumes that the replacement value indicates the economic value of the IP. Lastly the market-based approach values the IP on the basis of similar transactions in the market.

Securitization According to Vinod Kothari, “securitisation in its widest sense implies every such process which converts

a financial relation into a transaction.” It can serve as a financial tool that can be used to generate cash or other benefits.

Essentially, there are asset-backed and mortgagedbacked securities and now, intellectual property-backed securities.

While the first two are based on revenue streams of existing loans such as real estate, cars, and credit cards, the third is based on expected future flows of income gained from patents, trademarks or copyright. As such, IP-backed securities can be characterized as highly speculative since future streams of income may fluctuate, as opposed to the first two types which are based on a verifiable stream of income.

Securitizing IP can be used 1) to generate cash as in the case of David Bowie or it can be used for 2) “other benefits such as brand protection, risk minimization, assistance in collection of licensed-out brand revenue streams and other benefits.

In brand [trademark] securitization transactions, the value of a brand’s future revenue stream represented by its brand valuation is converted into a financial vehicle that is sold to investors along with the brand as an asset and its market risk in exchange for cash or other brand management options.”

An IP-backed securitization, specifically, a trademark-backed securitization, can be in the form of a 1) true sale or 2) a synthetic securitization.

In a true sale, the brand or trademark, together with all the associated risks and market value, is actually sold to a special purpose vehicle (SPV), which can then license it out or re-sell

Insurance...

insurance companies to P1 billion by 2016.

“We just want to know the justification behind the P1 billion capital requirement by the IC since it is too much for some of the industry players,” Mr. Mercado said.

“A document will be needed to convince and explain to members of PLIA why they should put up the additional capital required,” he added.

In the letter, PLIA said, its board of directors “have agreed to provide technical

assistance in the preparation of the necessary document.”

Meanwhile, the PLIA board of directors also said that PLIA will comply with the provisions of the Finance department’s Department Order 27-2006.

Department Order 272006 requires all insurers to have a minimum paid-up capital of P175 million as of the end of last year, to be deposited in banks this coming March and finalized on paper by June. The level will

SuperBright screen, Image Enhancer technology and anti-reflective screen, enabling consumers an ultra viewing experience even in bright sunlight.

The Samsung Series 5

ULTRA also delivers up to 6.4 hours of battery life on a single charge, to make sure users enjoy the ultra features throughout the day. The Samsung Battery Life Plus is a true anti-aging battery technology

it to another institution.

In a synthetic securitization, the trademark is still owned by the originator and the SPV can function as a brand protector and litigator or the entity in charge of collecting from existing license agreements.

Whether the securitization is a true sale or synthetic, both types of contracts have a fixed term or an expiry date and both types render the intellectual asset bankruptcy-remote as the IP is placed beyond the reach of the originator’s creditors.

Challenges IP-backed securitization presents many challenges such as the difficulty in predicting future cash flows, the lack of standardization in IP valuation, and other risks such as litigation, liquidity, obsolescence of technology and competition.

The inadequate awareness on the part of small and medium-sized enterprises also proves to be a challenge in as much as IP owners merely seek protection and monopoly over their creations rather than expand other uses of IP assets.

Nevertheless, IP securitization is an emerging option for many business entities as securitization shifts to a larger, futureincome based scope. IP valuation will bring about options that were otherwise not available to businesses. from page 4 fraudulent and damaging atbe increased to P250 million tacks,” said Jeremy Sewell, Chief by the end of this year.

Operating Officer at GSMA. “The mobile industry is focused on eradicating this scourge. from page 6 Protecting the consumer and apparently used the same mo- increasing messaging security dus operandi on another bank is a priority.”

Spam text is the use of text he owned, the Rural Bank of Victoria (Laguna), Inc. While the hearing was going on, Aguado jumped bail from page 9 and is now living the life of a L ondon Olympics and fugitive.

You may e-mail us at tot- meet with other athletes from other nations. Gov. ingbunye2000@gmail.com.

Moreno is fully supporting which keeps 80 percent of the Jalnaiz’ successful journey cell’s original capacity in a in amateur boxing. life cycle lasting up to 1,500 Moreno is hoping that charging cycles or three years. one day, the boxing proThis ensures that the bat- gram of Misamis Oriental tery can last up to five times will produce topnotch athlonger than other notebooks. letes and bag the most-cov-

national baking competition sponsored by a leading cake confectionary brand.

Today, more Durian Cakes from September to December are sold in Manila than in Mindanao.

Until the DENR rules and ban of catching the endangered species, Café Cagayan was serving in the past years the “Tapang Baboy Sulop” which remains a Cagayanon’s

delicacy yearning but has to be retired from the menu list or the hotel manager goes to jail?

The most popular Cagayanon’s recipe that withstood other taste and Asian fusions is the “Sinuglao” a combination of fish cubes and sliced grilled pork liempo marinated with vinegar and seasoned with tangy herbs and coconut milk.

Cagayan de Oro has a rich culinary experience from the past inherited by the families who were part of the history who help mold the culture of the city.

It has more of the Spanish influence, heavy in sauces and spicy in flavor.

With current health issues and the discovery of using the rare food organic materials and the popularity

from page 5

ten life insurance companies,” PLIA President Gregorio D. Mercado told BusinessWorld in a phone interview yesterday, but declined to name them. “They probably have the capital needed since most are multinational companies.”

The PLIA board of directors is expected to ask the IC regarding the reason behind the proposal to raise the paidup capital requirement for

Samsung... from page 4

cam.

Both models carry Samsung’s superior LCD technology with 300nit HD LED

Quiamjot... from page 6

ment of Pastry Chef Figurita Veronilla from the Municipality of Lagonglong that Durian with Carrots is a confectionary combination to eliminate the exotic pungent odor and make Durian palatable to non Mindanaons until the recipe was submitted for a

7

THE impeachment trial has SUPERtreated us to multiple representations for one! Do you BRANDING remember your teachers thru the years who tortured many of us with their absolute authority in the name of educating us?

Personally I have had to bear the many nuances I found not only peculiar but at times for years on end irritating and offensive. But the student teacher relationship kept me at bay.

I learned recently from a HARRY TAMBUATCO legal professional that there ties and confidence is eroded is actually rule of law when it bringing down potentials for comes to courtroom ethics. one to improve.

While there are those The judges are bound under the law to be courteous and who stand up to this abuse, they are perceived to be imwell mannered.

Let me tell you, as per pertinent. Let’s look at the practice show me a judge example of Congressman that is not condescending Tiangco who without fear to the lawyers and at times stood up to the dictates of to the respondents if not the the supreme senator judges.

Abuse seems to be everycomplainants. Their KIA attitudes are overbearing and where, doesn’t it? There are parents who dictate and act irritating.

I have experienced re- czar-like with their families cently a provincial judge who and expect no less but total berated me in his court in submission. And yet as we front of a full courtroom for grow up and mature we are a petition I filed as ordered introduced to democracy by another lawyer who was which is lost amongst the the Register of Deeds who re- virtues we are bred with.

It is sad that the culture quired I file this petition with the court. Their seemingly of impunity is the practice.

KIA with their all-powerful Are we supposed to develop authority considering they are a discipline for submission? paid by our taxes dominate Americans for those who and dictate like gods when have had the opportunity for they enter the court in their travel tend to scandalize us robes that is supposed to with their vocal dissention to command respect? or submis- what they believe is wrong. sion? This is a testament to Our culture doesn’t allow the abuse we take from the this. Why? The KIA syndrome is judiciary, our employees.

More abuse is experi- upon us and is haunting us. enced from our bosses for If we are not careful we will those who have to live with free-fall into an abyss of no them for employment. The confidence and degenerate. I daily exercise of submission say; stand up and claim your frustrates the employees who respect!

Email: harrytambuatco@ need to depend on them for a livelihood. Career opportuni- yahoo.com

Mobile...

messages to send unsolicited bulk messages indiscriminately about loan offers, promotions, commercial offerings, advertisements, surveys, political messages or propaganda. It can also be intended for fraud or scams, like load solicitation messages or bogus raffle notifications where mobile phone subscribers are told they have won a prize.

Boxer...

eted gold in the Olympics.

Jalnaiz has been trained at the MisOr-PLDT-ABAP Regional Amateur Boxing Training Center, a joint project of the Provincial Government of Misamis Oriental, the Amateur Boxing Association of the Philippines (ABAP) and PLDT. The training center built by the Provincial Government in partnership with ABAP and PLDT caters to about 50 aspiring athletes who are trained by a formidable coaching team composed of former Olympian Bobby Jalnaiz, national coach Elmer Pamisa and former boxer Rene Barrientos. The center is part of the sports program of Gov. Oscar Moreno which is aimed to create opportunities and give breaks for promising athletes.

Bunye...

of pure olive oil for cooking, many original heritage cuisines will beacon and star into the food fare of the future. The world is discovering longetivity as it is confronted with an aging population, the food of our forefathers could just be the solution?

For comments and feedback, please email sbeverage@rocketmail.com

8

March 16-17, 2012

Corp. News

BusinessWeek MINDANAO

UPDATE : BusinessWeek Mindanao’s Partners for OUTSTANDING ENTREPRENEURS & BUSINESS LEADERS AWARDS 2012 BUSINESS LEADER ( Corporate Category)

Ayala Land residential condominium unveils in Cagayan De Oro City

AYALA Land, Inc., the Philippine’s most trusted developer, has unveiled its first residential condominium in Cagayan De Oro. The project will be part of the whole Centrio project, a 3.7-hectare mixed use development also by the real estate giant.

Centrio Tower is a 23-storey condominium soon to rise in the heart of Cagayan De Oro. The project is owned and developed by Cagayan De Oro Gateway Corp, a joint venture between Ayala Land Inc. and the Antonio Floirendo Group of Companies (Anflo Group).

Avida Land Corp., one of the

residential subsidiaries of Ayala Land Inc., on the other hand will officially handle the marketing and sales operations of the new development.

Ayala Land, the country’s only full-line developer, has been rapidly expanding its businesses in the Visayas and Mindanao regions, building developments that integrate retail, residential and business among others. Such is the case with Centrio, which is set to offer a mall, hotel and various office spaces that include BPO centers.

“With Cagayan De Oro’s booming and fast-growing economy, we believe it is the

perfect time to complement such progress by building homes that will bring the lives of the people of this fastgrowing city to exciting new heights,” says Rico Manuel, Ayala Land Inc. Vis-Min Management Committee Member in-charge of Mindanao Development and concurrently the Corporate Treasurer of CDO Gateway Corp.

Manuel also disclosed that Centrio Tower will offer 21 floors of residential units that sit atop 2 parking levels.

In addition 2 commercial units will be located at the ground floor. Studio, 1-BR and 2-BR units perfect for young

Industry...

we are still confident in the remittance growth story for now,” the BMI said in its report.

Santos also said the current economic slowdown in the US and the debt crises in Europe would also have negative consequence on dollar remittances of overseas Filipino workers, thus consumers spending will most likely fall.

“The recurrence of the world economic upheavals underpin OFWs remittances to their families in the Philippines,” said Mr. Santos, who is himself putting up Picture City, a digital photo laboratory and studio services outlet at Centrio Mall.

The mall, with about 250 retail shops already in place, is expected to be opened in October this year.

The RTA, however, is fairly confident of their growth objectives for the next five years, Mr. Santos said.

“We are seeing continued growth among the top performers in the retail industry, namely apparel, electronics, pharmaceutical, food, and automotive sectors,” he said.

The BMI also predicts that mass grocery retail will be worth US$4.99 billion in 2011, 14.8% of the overall food market, with its share forecast at 14.6% in 2015. Internal investment in preparation for multinational arrivals and higher

disposable incomes in Manila and major cities will drive sector sales growth; however, the country’s low level of food consumption and vast rural communities will restrict the potential of the mass grocery retail sector.

Consumer electronic sales are forecast to be worth US$4.42 billion in 2011 according to BMI data, rising to US$5.74 billion by 2015 and registering growth of nearly 30%. This sector has significant growth potential, with BMI projecting a compound annual growth rate of 7% between 2011 and 2015, one of the highest in the region. There is a relative lack of penetration in key product categories, with PC penetration of less than 10% and LCD TV penetration of less than 1%.

from page 1

subsided,” Santos said.

This year, and perhaps the succeding years’ performance is crucial since there are other factors that determine the growth of the industry, he pointed out.

He said the emerging global economic slodown, particularly in the US and Europe, would have exacted negative impact on local economies thereby forcing consumer spending to a standstill as money are most likely diverted to more productive investments.

The Business Monitor International, in its report, said that although salaries in the Philippines remain low, household incomes are substantially bolstered by contributions from family members working overseas.

In 2010, Filipinos overseas sent home a record US$18.8 billion.

Overseas Filipino workers within the Middle Eastern region contributed around 15.7% of the US$1.6 billion total remittance inflows in March 2011, and BMI is concerned about the potential impact of slowing remittance inflows as a result of political instability in the area.

“However, given that the bulk of remittance income currently originates from relatively stable Arab countries such as Saudi Arabia,

Phoenix... from page 1

Mr. Uy told media his company will continue to strengthen its operations and systems.

Romeo B. de Guzman, Phoenix chief operations officer, said the plan of the company is to add more retail stations to increase revenue. The plan is to have 32 stations in Visayas from the current 11 within the year.

Last year, Mr. de Guzman said the company sold about nine million liters.

He noted the company

couples, professionals and small families are available.

Guests at the Centrio launch were treated to a dazzling set of performances from two very talented musical artists: Arnee Hidalgo and Jed Madela.

Arnee Hidalgo, known as “the Philippines’ RnB Siren”, is one of the most sought-after Filipino performers locally and abroad. Arnee is a winner of several awards including Voice of Asia 2002 Silver Prize Winner and Most Beautiful Contestant Special Award; 2003 Campus Radio 97.1 OPM Artist of the Year, and 2004 Meg Magazine Breakthrough Artist.

Jed Madela is also a world champion vocalist, having won the 2005 World Championship of the Performing Arts in Hollywood, California, USA and besting some 3,000 other performers from 52 countries.

Jed is a best-selling recording artist and a host at a popular TV variety show. His albums have earned Gold and Platinum awards.

Centrio Tower also has everything that an ideal condominium must have: free-

f lowing air and sunlight, limited number of units per floor for privacy and exclusivity, sensible amenities, emergency power in common areas and inside each unit, and easy payment terms.

Designed to give future residents utmost convenience and peace of mind, Centrio Tower features 24/7 security and will be maintained by the renowned Ayala Property Management Corporation, the company that manages all Ayala developments. Amenities include adult and kiddie swimming pools, a multipurpose hall, outdoor exercise and play equipment, as well as open areas.

Aya la L a nd gets highest credit rating for P4-B bonds Property giant Ayala Land Inc. (ALI) has retained the highest credit rating of PRS Aaa for its P4-billion bond issue.

According to domestic credit watcher PhilRatings, with obligations rated PRS Aaa are of the highest quality with minimal credit risk, with the obligor’s capacity to meet its financial commitment

on the obligation extremely strong.

The rating reflects ALI’s solid brand equity and seasoned management, strong profitability, cash flow and liquidity as well as the company’s sound capitalization structure.

The rating also considers the relatively positive outlook for the Philippine property sector in the short- to medium-term.

“The Ayala brand provides a premium and is a major competitive advantage over other domestic property companies.

Management’s track record spans decades, enabling it to take advantage of industry upturns while anticipating and weathering difficult challenges,” PhilRatings said.

PhilRatings noted that the company’s balance sheet remains healthy, with much untapped absorptive capacity to support ALI’s aggressive growth plans in the coming years.

Strong cash f lows from the pre-selling of various residential launches, as well as proceeds from the company’s recent notes issue brought cash and cash equivalents to P25.6 billion as of end-March 2011.

already has a depot in Aklan, which is seen to boost sales on Panay Island.

Both officials, however, did not mention the capital expenditures devoted to the Visayas expansion as well as the money value of its products sold in the area.

Late last year, Mr. Uy said the company was planning to spend P500 million with the bulk of the money to be spent on constructing 80 retail outlets, including those in the Visayas.

The company is projecting to have 300 retail outlets at the end of 2012 from 220 last year.

But Mr. Uy said aside from the P500 million for retail outlets, the company was also spending another P300 million for three depots, including one in Bacolod for Negros Island.

Another depot, Mr. Uy said would be located in Cebu.

After a stockholders’ meeting last week, company officials had said they were still bullish about the state of the petroleum industry despite conflicts that have engulfed some parts of the Middle East, considered to be the main source of petroleum products.

However, Mr. Uy confirmed that it was hard to project income now considering the fluctuation in the prices of petroleum products in the world market.

Last year, based on its

report, the company grew by 85% to P27.5 million in revenues as it expanded its retail network and growth in commercial and industrial sales.

Last year, the company reported cornered a 12.47% share among small fuel retailers in Mindanao, and a 5.9% share of total fuel sales on the island in 2011, up from the 3.2% recorded the year previous.

erator that they can move two power barges with an aggregate capacity of 120 megawatts. Pero yun nga, offtakers naman ang problema,” Asirit said.

The DOE will issue a circular that would permit the private operator of the country’s power transmission highway, the National Grid Corp. of the Philippines, to cut off power to electric cooperatives that draw more power than what their supply contracts stipulate.

Besides the circular, the DOE wants to tap 149 megawatts of so-called embedded power from commercial and industrial establishments.

“These again are stopgap measures will always be expensive. To be able to address the demand is really looking at the long-term solutions,” Asirit said, referring to the establishment of base-load power plants, which are huge facilities that can run on a 24/7 basis but cost more given their reliance on expensive fuel such as coal and diesel.

Likewise, Energy Secretary Rene D. Almendras said Mindanao’s required power reserves need to be lowered as part of the effort to reduce current shortages.

The Joint Congressional Power Commission will be asked to authorize a reserve level cut to 150 megawatts (MW) from 200 MW, AlPOWER/PAGE 10

Power... from page 1

said electric cooperatives need only seal supply contracts for the unused capacity of power plants in the region.

“We are belabored with the question of we want power, what does it cost to get that power? Are we willing to pay the price?” she said.

As of March 11, untapped capacity from dieselfed power barges reached 146 megawatts, Asirit said, adding that this could help meet the 200- to 250-megawatt supply gap during peak hours.

Diesel-fed power barges however charge about P11 a kilowatt-hour, higher than the P3 sought by the Agus-Pulangi hydro power complex of state-owned National Power Corp. (Napocor), which supplies at least half of Mindanao’s electricity requirements.

“We also have an offer from a private power gen-

BusinessWeek

MINDANAO

Misor Today

March 16-17, 2012

9

Delgosea to visit Lugait

By ELAINE O. RATUNIL, Contributor

LUGAIT, Misamis Oriental -- The Democratic Governance of Southeast Asia (Delgosea), with its representative Dr. Antonio Avila, visited Lugait town on Wednesday, for another round of monitoring visit.

The visit was intended to assess the accomplishments of Manticao-Lugait-Naawan (ManLuNa) cluster of municipalities that were given with technical assistance to impart cluster approach in development undertakings as best practices in governance.

ManLuNa, as a cluster, was organized in partnership with Department of the Interior and Local Government (DILG) and the Local Government Development Foundation (LOGODEF) on December 11, 2006 in which a memorandum of agreement signed in the

provincial capitol.

Various delegates visited Phuket City, Thailand to gain additional knowledge that will be replicated as best practices in the said cluster. Preservation of old architecture and reviving traditions are among those practices identified to be replicated.

The visitors experienced various activities of the 51st Foundation Anniversary in Lugait town in relation to baile (dance ball), harana (serenade), balak (poem) and ballroom dancing dur-

ing the visit.

DILG-10 Director Nilo Castañares, Provincial Director Ponciano Caberte of DILG-Misamis Oriental and Provincial Tourism Officer Cathy Miego also participated in the activities.

As of this time, only ManLuNa adopted the cluster approach in bringing development to its member towns led by Mayor Roberto Lagrosas (Manticao) with two chief executives: Mayor Jaime Roa (Naawan) and Mayor Wellie G. Lim (Lugait).

Lugait celebrates 2012 Women’s Month

By ELAINE O. RATUNIL Contributor

LUGAIT, Misamis Oriental -- Lugait town in Misamis Oriental observed 2012 Wom e n’s Mont h w it h this year’s theme, “Women Weathering Climate Change: Governance and Accountability, Eveybody’s

Responsibility.”

Spearheaded by the Municipal Council on Women, among its activities include: Information Caravan on Violence against Women and Children (VAWC), and Gender and Development (GAD). This will be participated in by the students of the Alternative Learning

System (ALS) and 4th-year students of the Lugait National High School at the Multi-Purpose Training Center this March 19, 1:00 p.m.

‘Walk for a Cause, Kontra Kalat,’ and tree planting will also be conducted, March 31 in relation to the celebration.

MISAMIS Oriental amateur boxer Roberto Miguel Jalnaiz, 14, will represent the Philippines in the London Summer School Sports Program on July 29 to August 12, at St. Bede’s School in London.

This town actively conducted programs on women after Lugait is able to organize and develop program on women. Among of which is to federate women’s organization in the municipality, and providing free assistance on mammography MisOr amateur boxer 14and pap smear to indigent year old Roberto Miguel Jalnaiz will represent the women.

Philippines at the London Summer School Sports Program on July 29 to August 12, 2012 at St. Bede’s School in London. total production.

Gov. Oscar S. Moreno For the whole year, Clarete said rice suffi- has received a commuciency level stood at 69 nication from Philippine percent while the region’s Sports Commissioner Jose rice inventory as of De- Luis Gomez informing him that one of the boxers who cember 1, 2010 reached represented the province in 1.644 million bags, which the Batang Pinoy games last is estimated to sustain the year has qualified for the region for 56 days with a English and Sports program daily rice consumption in London. requirement of around The summer sports pro29,260 bags. gram is a project of the He said 51 percent of Philippine Sports Comthe inventory was held by mission and The British the National Food Author- Council designed to provide ity and 49 percent by the young athletes with foreign household and commercial exposure while building character and strengthening establishments.

MisOr boxer Jalnaiz to represent PH in London sports program

Normin palay production up in 2010

By APIPA P. BAGUMBARAN Contributor

PALAY production in No r t h e r n M i n d a n a o posted improvement last year as it went up by 4.2 percent compared to the production in the year 2010.

The palay production increased from 586,442 metric tons in 2010 to 610,990 metric tons in 2011, Engr. Cecilio Clarete, chief economic development specialist of National Economic and Development Authority (NEDA)

in Region 10, said in a media forum held yesterday afternoon at the NEDA Conference Room.

He said the improvement was attributable to the good harvest in the provinces of Bukidnon and Lanao del Norte even as the two main rice producers of the region posted the largest declines in the fourth quarter of 2011 due to flashfloods that damaged hectares of rice farms.

Area harvested in 2011 rose by 6.34 percent, from 143,324 to 152,410 hectares, mostly in rain-fed

areas of Bukidnon and Camiguin, which recorded increases of 33.68 percent and 83.33 percent, respectively, he further said.

Clarete, however, added that palay yield decreased slightly from 4.22 to 4.17 tons per hectare in irrigated areas and 3.11 to 2.97 in rain-fed areas.

He said the total value of palay for the year amounted to P9,714,741, up by 9.71 percent, as a result of the 5.3 percent increase in the average farm gate price and the 4.2 percent increase in

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 44 Initao, Misamis Oriental IN THE MATTER OF THE PETITION SPEC. PROC. NO. 2012-1060 FOR CORRECTION OF ENTRY IN THE RECORD OF BIRTH AT THE OFFICE OF THE LOCAL CIVIL REGISTRAR, CHANGING THE ENTRY FOR THE SEX OF THE PETITIONER FROM MALE TO FEMALE; AND THE FIRST NAME OF THE PETITIONER FROM HERO LINE TO HEROLINE, HEROLINE R. MORALLAS, Petitioner,

their self-confidence.

The PSC has recognized the outstanding performance demonstrated by Jalnaiz in the Batang Pinoy games.

The participants in the London School Sports Program will get to watch BOXER/PAGE 7

Republic of the Philippines Regional Trial Court of Misamis Oriental 10th Judicial Region Branch – 20 Cagayan de Oro City 2012-120 IN RE: IN THE MATTER OF CORRECTION ENTRY IN THE BIRTH RECORD OF MINOR BRYAN TAJALE LANZADERAS THE INFORMATION OF DATE/PLACE PARENT MARRIAGE FROM AUGUST 16, 1994 AT TIDMAN, HINATUAN, SURIGAO DEL SUR TO NO MARRIAGE, AND LEGITIMATION,

SPL. PROC. CASE NO. 2012-022

MARILOU T. LANZADERAS, Mother/Petitioners, -versus-

-versus-

THE CIVIL REGISTRAR OF CAGAYAN DE ORO CITY and ENERIO LANZADERAS, Respondents. x-------------------------------------------------------------- /

THE LOCAL CIVIL REGISTRAR OF LUGAIT, MISAMIS ORIENTAL, Respondent. x---------------------------------------------- / ORDER

ORDER

Let this case be heard on May 3, 2012 at 8:00 o’clock, at this court sitting at the Hall of Justice, Poblacion, Initao, Misamis Oriental. The Civil Registrar concerned and any person having or claiming any interest under the certificate of live birth whose cancellation/correction is sought may, within fifteen (15) days from notice of the petition, file his or her opposition thereto.

This is a petition for correction of entries in the birth certificate of petitioner’s child as to the entry on the information of place/date of marriage of parents from August 16, 1994 Tidman, Hinatuan, Surigao del Sur to No Marriage, the child having born out of wedlock as petitioner was married only on May 28, 1998 at Bislig, Surigao del Sur and likewise the legitimation thereof for the subject child.

Finding the same to be in proper form and substance, the same is hereby set for initial hearing on May 8, 2012 at 8:30 o’clock in the morning before this court at the Hall of Justice, Cagayan de Oro City.

Let copy of this order be published once a week for three (3) consecutive weeks in a newspaper of general circulation in the province of Misamis Oriental and the City of Cagayan de Oro after a raffle to be conducted by the office of the Executive Judge.

The Local Civil Registrar of Cagayan de Oro City or any person having or claiming any interest under the entry whose cancellation or correction is sought may, within fifteen (15) days from the notice of petition, or from the last date of publication of such notice, file his opposition thereto.

Furnish the office of the Solicitor General and the City Prosecutor copy of this order and the petition for their information and guidance.

SO ORDERED. Done this 22nd day of February, 2012, at Cagayan de Oro City.

At the expense of the petitioner, let a copy of this Order be published once a week for three consecutive weeks in a newspaper of general circulation in the Province of Misamis Oriental.

Further, let a copy of this Order and the petition be posted at the bulletin boards of the entrance door of this court, Hall of Justice, Initao, Misamis Oriental and Municipal Hall, Lugait, Misamis Oriental.

Finally, let a copy of the petition and this Order be furnished to the Office of the Solicitor General and the Office of the Civil Registrar concerned.

SO ORDERED.

FOR YOUR ADVERTISEMENTS PLACEMENTS CONTACT

Moreno

Initao, Misamis Oriental, March 8, 2012.

BWM: MARCH 16, 23, & 30, 2012

(Sgd.) ARTHUR L. ABUNDIENTE Acting Presiding Judge

BWM: MARCH 9, 16, & 23, 2012

(Sgd.) BONIFACIO M. MACABAYA Presiding Judge

10

March 16-17, 2012

Congress.Watch

BusinessWeek

MINDANAO

Congress OKs House Bill penalizing cable TV, cable internet pilferage

House passes amendment to the Local Government Code of 1991

THE House of Representatives has approved on third and final reading a bill prohibiting and penalizing the pilferage and theft of cable television and internet connections.

The bill seeks to protect the cable television (CATV) industry and the legitimate subscribers of the services it offers, The bill penalizes individuals culpable of the crime of illegal interception/reception of cable television systems and/or networks with imprisonment of not more than five years or a fine ranging from P50,000 to P100,000 or both.

Under House Bill 709 otherwise known as “The Anti-Cable Television and Cable Internet Pilferage Act of 2012,” the general public and legitimate operators of cable television (CATV) systems and/or networks and cable internet services shall be protected from unauthorized connection or tapping into existing facilities through wire or electromagnetic means.

Rep. Rufus Rodriguez (2nd District, Cagayan de Oro City), who authored House Bill 709 together with his brother Maximo Rodriguez, Jr. (Party-List, Abante Mindanao, Inc.), said only subscribers duly authorized and/or registered with the CATV and/or cable internet service operator shall be allowed to receive any service or benefit offered and/ or operated over a CATV or internet system/network.

Rodriguez said in this electronic age, the most popular media of communication that are affordable but highly informative that reach the great many regardless of status in life are cable television and internet.

“Unfortunately, providers of CATV and internets are threatened by high incidence of theft through unauthorized interception of CATV

THE House of Representatives has approved on third and final reading a bill allowing a municipality to be converted into a component city if it has a locally generated average annual income of at least Two Hundred Twenty Million Pesos, exempting it from the population and land area requirements.

programming or internet services.

This has become a very serious issue that cable television and internet providers face today,” Rodriguez said.

Rep. Salvador Escudero III (1st District, Sorsogon), also an author of the bill, said the measure is meant to address the growing problem of signal or service theft of cable television and cable internet providers which has greatly prejudiced the development and improvement of their business.

Prohibited under the act are the interception or reception of any signal or service offered over CATV and cable internet systems through unauthorized connection to existing CATVs facilities and the introduction of unauthorized importation, sale, lease, distribution or possession of electronic equipment that allow for unauthorized access or decoding of unencrypted or encrypted satellite program signals or other electromagnetic signals.

The bill also calls to penalize the wanton, malicious or willful destruction or removal of CATV and cable internet facilities and accessories of authorized CATV and cable internet service operators resulting into system disruption or network degradation.

The National Telecommunications Commission and the Cable Television Associations in the Philippines are directed to conduct an information dissemination campaign about the measure.

Co-authors of the bill are Reps.

Ben Evardone (Lone District, Eastern Samar), Rodolfo Antonino (4th District, Nueva Ecija), Antonio Alvarez (1st District, Palawan), Christopher Co (Party-list, Ako Bicol), Rodel Batocabe (Party-list, Ako Bicol), Alfredo Garbin, Jr. (Party-list, Ako Bicol) and Daryl Grace Abayon (Party-list, Aangat Tayo).

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City 2012-102 OFFICE OF THE PROVINCIAL SHERIFF AMENDED NOTICE OF EXTRA-JUDICIAL SALE FILE NO. 2012-047 Upon extra-judicial petition for sale under Act No. 3135 as amended by Act No. 4118, filed by BANK OF THE PHILIPPINE ISLANDS, with principal place of business at Ayala corner Paseo de Roxas Sts. Makati City and with branch office at 2nd floor, BPI Building, C.M. Recto Avenue, Lapasan, Cagayan de Oro Branch as mortgagee, against MR. MENELEO R. NAVARRO in his personal capacity and ST. IGNATIUS HEALTH FOUNDATION INC., represented by its President MR. MENELEO R. NAVARRO and its Treasurer RAOUL G. DE LA SERNA, as mortgagors, with residence and postal address at Pelaez Sports Complex, Velez St., Cagayan de Oro City, which as of November 16, 2011, amounts to TWO MILLION PESOS ONLY (P 2,000,000.00) as principal, interest, late payment charges, plus other…. as stated, interests and charges, thereon to the date of the foreclosure, cost of publication of this notice of sale, expenses of the foreclosure proceeding, an additional sum equivalent to fifteen percent (15%) of the total amount due as and for liquidated and other expenses allowed by law. Undersigned Sheriff will sell at public auction on April 17, 2012 at 10:00 a.m. to 4:00 p.m. at the Office of the Clerk of Court, Regional Trial Court, Room 110, Hall of Justice, Cagayan de Oro City, to the highest bidder for cash or Manager’s check and in Philippine Currency, the following property described in the attached Xerox copy of the Titles below with all the improvements found thereon, stated as follows: TRANSFER CERTIFICATE OF TITLE NO. T-136177 A PARCEL OF LAND (Lot 8, Block 2, Psd-104305-017450, being a portion Of Lot 3017-B, Psd-10-000818), situated in the Barrio of Carmen & Pagatpat, City of Cagayan de Oro, Island of Mindanao, Containing and area of FOUR HUNDRED (400) square meters, registered in the name of DR. MENELEO R. NAVARRO. TRANSFER CERTIFICATE OF TITLE NO. T-136178 A PARCEL OF LAND (Lot 9, Block 2, Psd-104305-017450, being a portion Of Lot 3017-B, Psd-10-000818), situated in the Barrio of Carmen & PagatPat, City of Cagayan de Oro, Island of Mindanao, Containing and area of FOUR HUNDRED (400) square meters, registered in the name of DR. MENELEO R. NAVARRO. TRANSFER CERTIFICATE OF TITLE NO. T-13617 A PARCEL OF LAND (Lot 10, Block 2, Psd-104305-017450, being a portion of Lot 3017-B, Psd-10-000818), situated in the Barrio of Carmen & Pagatpat, City of Cagayan de Oro, Island of Mindanao, Containing and area of FOUR HUNDRED (400) square meters, registered in the name of DR. MENELEO R. NAVARRO. TRANSFER CERTIFICATE OF TITLE NO. T-136180 A PARCEL OF LAND (Lot 11, Block 2, Psd-104305-017450, being a portion Of Lot 3017-B, Psd-10-000818), situated in the Barrio of Carmen & Pagatpat, City of Cagayan de Oro, Island of Mindanao, Containing and area of FOUR HUNDRED (400) square meters, registered in the name of DR. MENELEO R. NAVARRO. TRANSFER CERTIFICATE OF TITLE NO. T-136181 A PARCEL OF LAND (Lot 13, Block 2, Psd-104305-017450, being a portion Of Lot 3017-B, Psd-10-000818), situated in the Barrio of Carmen & Pagatpat, City of Cagayan de Oro, Island of Mindanao, Containing and area of FOUR HUNDRED (400) square meters, registered in the name of DR. MENELEO R. NAVARRO date.

All sealed bids must be submitted to the undersigned on the above stated time and

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, February 20, 2012.

House Bill 5620, a substitution of House Bill 4990 of Reps. Rufus Rodriguez (2nd District, Cagayan de Oro City), Roy Loyola (5th District, Cavite), Erineo Maliksi (3rd District, Cavite), and George Arnaiz (2nd District, Negros Oriental), the House Committee on Local Government Chairperson, is amending Republic Act 7160 otherwise known as the Local Government Code of 1991 providing a mechanism for high income municipalities to be elevated to the status of a component city.

Arnaiz said, “Living in a city has its corresponding economic advantage. Thus, it would be utterly unfair to the inhabitants of such municipalities to forever foreclose their right to the benefits of cityhood, simply because their municipalities’ land area or population is less than one hundred square kilometers or one hundred fifty thousand, respectively.”

“The primordial reason for converting a municipality or cluster of barangays into a city is to ensure its economic

viability and primarily, the Code’s objective is to ensure cities and municipalities are capable of providing social services to the inhabitants,” Arnaiz said.

Under the bill, the general rule remains, that for creation of or conversion into a city, a municipality must have an income of at least P100,000,000.00 and a land area of at least 100 square kilometers or population of at least 150,000.

“The exception is, if the municipality generates a local annual income as certified by the Department of Finance, double than that of the general rule, that is two hundred twenty million pesos for the last two consecutive years based on 2010 constant prices, then it is qualified to be converted into a city without regard to the size of its land area or population,” Rodriguez said.

Rodriguez explained that there are some municipalities which, despite their small land area or population, have nevertheless demonstrated their unquestionable capacity to pro-

Victims...

do not help yourself first,” Ledesma said in the dialect.

Northern Mindanao’s Department of Social Welfare and Development (DSWD) in Camp Management and Coordination Cluster Focal Person Daisy Babiera urged the survivors to “make God their partner.”

Babiera said it is only in coming to the realization that God is with them that the Sendong survivors will know that they are not alone

from page 1

strips), urged the Sendong survivors—as those who survived the flashfloods came to be known—to help one another pick up the pieces of their life while waiting for their final transfer to their permanent houses.

“Please help each other as Christians so that you can stand back on your feet. No one else will help you if you

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City Branch 22 OFFICE OF THE PROVINCIAL SHERIFF 2012-089 SHERIFFS NOTICE OF SALE File No. 2012-037 Upon Extra-Judicial petition for Sale under Act 3135 as amended filed by NATIONAL HOME MORTGAGE FINANCE CORPORATION (NHMFC), mortgagee, with postal address at 104 Amorsolo St., Legaspi Village, Makati City against EDGARDO R. BOMOTANO married to Merly J. Bomotano, mortgagor/s, of legal age, Filipino/s with postal address at Lot 23, Block 1, Villa Trinitas Subd., Bugo, Cagayan de Oro City, to satisfy the mortgaged indebtedness which was as of December 15, 2011 amounts to EIGHT HUNDRED SEVENTY EIGHT THOUSAND EIGHT HUNDRED ONE PESOS AND 42/100 ( P 878,801.42) Philippine Currency excluding interest, penalty charges, attorney’s fees and expenses of foreclosure, the undersigned sheriff will sell at public auction on April 16, 2012, 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 to wit: TRANSFER CERTIFICATE OF TITLE NO. T-94945 A PARCEL OF LAND (Lot 23, Block 1, of the subd. plan Psd-10-022170, being a portion of Lot 18, Pcs-10-001414) situated in the Barangay of Bugo, City of Cagayan de Oro, Island of Mindanao. Containing an area of NINETY EIGHT (98) SQUARE METERS more or less, and all other improvements thereon.

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, February 20, 2012

(Sgd.) ANTONIO A. CAGULANG, JR. Sheriff IV BWM: MARCH 2, 9, & 16, 2012

BWM: MARCH 2, 9, & 16, 2012

(Sgd.) JOEL LYDVEL G. PAKINO Sheriff IV

Rodriguez

vide essential government facilities, social services to its inhabitants, comparable or even superior to existing cities.

“Noteworthy are the small states, specifically: Monaco, a tiny state along the French Riviera which has an area of just 0.7 square miles (1.81 sq.km) and a population of just 32,000,” Rodriguez said. “The island state of Nauru, became independent in 1968, and has an area of just 8.5 square miles (22 sq.km) and a population of just 13,000. Tuvalu, formerly known as the Ellice Islands, gained its independence in 1978, and has an area of just

9 square miles (23.3.21.km) and a population of 12,000.

San Marino, located on Mt. Titano in north central Italy, which has an area of just 24 square miles (62.13 sq.km) and a population of just 29,000.”

“If some political entities have attained their status as an independent state despite a small population and land area, with more reason, municipalities which have time and again demonstrated their capacity to thrive despite their small population and land area should be allowed to upgrade their status to that of a city,” Rodriguez said.

before, during and after the tragedy.

The “Amakan Village” rose in Barangay 40 through Project Bangon, a consolidated effort of the Archdiocese of Cagayan de Oro, International Organization for Migration (IOM) Catholic Relief Services (CRS, the DSWD, the local government unit of this city, and other non-government organizations.

Those relocated to “Amakan Village” temporarily sought shelter at the Sacred Heart Parish in RER Subdivision, Carmen, and Our Lady of Fatima Parish in barangay Camaman-an.

Before the Sendong survivors were allowed entry into their designated houses, Ledesma first led a Eucharistic

celebration and a blessing of each house and the whole “Amakan Village.” After the Mass and blessing, the survivors with the help of soldiers from the 4th Infantry “Diamond” Division proceeded to haul their belongings to their designated “Amakan” bunkhouses.

Mary Jane Edrote, camp leader of Cala de Oro—as those survivors from Cala-Cala and Isla de Oro came to be known— expressed gratitude to all who helped in the construction of the village.

“We are very thankful to all of you,” she said in the dialect as she gestured towards Ledesma and representatives of various local and international nongovernment organizations “for the help you continue to extend to us.”

Power...

requirement ranges from 1,400 MW during weekdays to 1,200 MW on weekends.

A 178-MW deficiency was recorded yesterday and the situation is expected to worsen during the summer months.

A reserve level cut was implemented in 2010 at the height of a dry spell that forced the temporary closure of hydroelectric power plants on the island.

“If we dispatch all power the problems will only be from 5:30 p.m. to 8:30 p.m. which is when Mindanao peaks,” Mr. Almendras said.

The Energy chief has said measures like this are not longterm solutions to the power crisis.

from page 8

mendras said.

“We need to ask permission to issue a memorandum order which will reduce required reserves to a bare minimum of 150 MW just to keep the grid stable and to dispatch all available power as baseload,” he said.

At that level, “the power shortage will only be 30 MW to 40 MW during the peak hours,” Mr. Almendras added.

Mindanao has been experiencing rotating brownouts in the past few months as power plants were taken offline for maintenance.

The island’s normal power

MINDANAO

BusinessWeek

Tourism/Arts

March 16-17, 2012

11

Korean Cultural Troupe to perform NEWS CAPS benefit show for Sendong Victims HOTELS

By Laurel Media/RTM

A KOREAN cultural group will perform two benefit shows for the victims of the Tropical Storm Sendong disaster in Cagayan de Oro on Sunday, March 18. The performance will kick off with a 3PM matinee for students and a gala presentation at 7PM at the Xavier University-Ateneo de Cagayan gymnasium.

“The Doalnara Performing Arts Group Korea is a recognized cultural arts team in Korea,” said Doalnara Restoration Society Philippines spokesperson Virginia Choo. “In these times of hardship, they have come together to prepare a magnificent grand performance on such a grand scale that Mindanao has yet to see.”

“Due to the natural disaster that hit Cagayan de Oro, Iligan and Valencia, Doalnara members have taken time out of their busy schedule to provide volunteer services to the flood victims by providing fresh drinking water brought from their mountain area homes, organic vegetables from their farms, clothing, hair cutting, massage therapy, clean up services, educational programs for children at evacuation centers and a love filled lunch program everyday for the past two months,” said Ms. Choo.

She added that Doalnara members observed that although relief goods were important what the Sendong victims really needed was spiritual upliftment.

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Marco Resort Members of the Doalnara Restoration Society Philippines from Claveria, Misamis Oriental assist victims of Tropical Storm Sendong disaster in relief and rehabilitation operations over the past two months.

PHOTOS SUPPLIED

“Something that would give them hope, courage and the strength to go on,” she noted.

Ms. Choo said the Doalnara Performing Arts Group Korea performance would showcase both Philippine and Korean traditional performing arts showing the unity between two countries. “A traditional Filipino percussion group will play with the Korean counterparts and a western electric violin together in a magnificent ensemble showing the power and unity of union that is within us,” she added. “ There will also be splendid Traditional Korean Fan dance that has

always been the people’s most favorite!” Ms. Choo said. “We will also have a choir is singing and a magic dance (for a preview go to http://www.youtube.com/ watch?v=BpqOOMu4xhE) Doalnara Restoration Society Philippines is a multipurpose cooperative based in Sitio San Roque, Aposkahoy, Claveria, Misamis Oriental which practices organic farming of vegetables.

The group’s website says, “We are producing organic products with the main produce of Yacon Tuber and its by-products, Yacon syrup and Yacon tea. We have also organic vegetables like celery, cabbage, lettuce,

etc. and Korean vegan such as Yol mo, kenlef, korean radish and others.”

Doalnara is a worldwide organization which seeks to restore the mind, heart, body and the environment. For environmental restoration, it practices 100% organic farming. To restore the body’s physical equilibrium, members consume their vegetables, fruits and nuts straight from the garden.

Tickets for the matinee show for students are priced at P50 only while ticket prices for the gala presentation cost P100 for general admission, P200 and P300 for intermediate rows and P500 for front row seats.

(WCCS)

Oro composer aims to follow in footsteps of illustrious forebears

By MIKE BAÑOS, Correspondent

A LOCAL composer has been selected by the National Commission for the Culture and the Arts (NCCA) as one of only three composers nationwide to receive a grant to reproduce copies of his compositions.

Felipe V. Abrogar, 55, has received a P50,000 grant from the NCCA to reproduce 1,000 copies of his self-produced album “Yuta kong Natawhan – Mindanao” (The Land of my Birth – Mindanao).

The album is a compilation of 10 Bisayan songs recorded by Mr. Abrogar in his home-based studio over a six year period, including four which made it to the finals of two Mindanao songwriting festivals in Davao and Cagayan de Oro and the prestigious Metro Manila Popular Music Festival in Manila.

These include Dad-a ko sa Yuta (Bring me to the Earth)and Hi-tek Mindanao (on why Mindanao can’t benefit from the raw materials it sends abroad and which return as expensive finished products from other nations) which made it to the finals of the Kadayawan World

Music Festival of Davao City in 2009 and 2011, respectively; Ani-a Ako Ang Imong Higala (Here I am, Your Friend) which made it to the finals of the 8th Metro Manila Pop Music Festival in 1985, the first Bisayan composition to make it to the Finals; and Mahigalaong Cagayan de Oro (Friendly Cagayan de Oro) which finished 2nd in the 1st Cagayan de Oro Jingle Contest in 2009.

Although he has written over 400 English, Pilipino and Bisayan songs since he started composing in 1972, only 40 or 10 percent of these have been recorded. Mr. Abrogar wrote his first song “Hey, Can You See Me Now?” a folk-rock ditty when he was in 2nd year high school and his fi rst Bisayan song (Si Nanay Ko) in 1977, which was recorded by Vicor Records in the following year.

However, his songwriting was nipped in the bud when a composition “Kini dili lang ako, kini para sa ato” (This is not for mine alone but for everyone) was fingered as a “radical” song by the Marcos

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NEW DAWN PENSIONNE Felipe “Pipi” V. Abrogar sings his compoisition “Mahigalaong Cagayan de Oro” during the 1st Cagayan de Oro Jingle Contest held at a local mall. PHOTO BY MIKE BAÑOS, NPN

regime cultural police and banned from airing.

A Bachelor of Music (Voice) student at U.P. Diliman, Mr. Abrogar never finished his course but continued his songwriting and aims to add to the musical heritage of his distinguished forebears like Manuel Gabor Velez (composer of “Sa Kabukiran”), actress/singer Lilian Velez , Teogenes Velez (poet who wrote “U.P. Beloved” on which the lyrics of the university hymn of the University of the Philippines “U.P. Naming Mahal” is based), conductor and arranger Lino Velez Abrio, and the late great Jazzman

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“I just want to focus on recording my songs and teaching music composition,” said the prolific tunesmith.

But the outlook for even his first aspiration seems bleak since the NCCA grant only provides for the reproduction of his songs but not the transportation, room and board and other incidental expenses needed to oversee the reproduction in Manila. He is now making the rounds of kind hearted friends and benefactors to raise funds to make his dream come true.