PIANO LESSON VOICE LESSON VIOLIN LESSON
PSALMS MUSIC MUSIC LAB
www.mindanaodailybalita.com
SUMMER CAMP PROGRAM
DRUM LESSON GUITAR LESSON BASS LESSON
BusinessWeek
Enrollment Starts on
March 21, 2012
ENROLL NOW Located at Diacel Bldg., Corrales Avenue, Cagayan de Oro City For more info. Pls. Contact us at: 310-8082 / 09351757578
YOUR LOCAL ONLINE BUSINESS PAPER
www.businessweekmindanao.com Issue No. 60, Volume III • March 26-29, 2012
Editorial: 088-856-3344
Advertising: 0917-7121424
P15.00
Market Indicators
AS OF 5:47 P.M., MAR. 23, 2012 (Friday)
FOREX
PHISIX
US$1 = P42.95
5,042.44 points
1.08 points
;
; Briefly 14 cents
Energy Program
BUTUAN City -- The government’s Sitio Electrification Program (SEP) that is being implemented by various electric cooperatives under the close supervision of National Electrification Administration (NEA) has already benefited some 12,874 households throughout Mindanao. At present, SEP has already energized 545 far-flung villages in Mindanao. Late last year, the NEA, in partnership with 96 electric cooperatives, already energized some 1,520 sitios, benefiting around 33,189 households. It was learned that under the Agusan del Norte Electric Cooperative (Aneco) alone, some 35 sitios or remotes villages were already energized, benefiting 2,086 households.
Response team
GENERAL Santos City -- The provincial government of South Cotabato activated a quick response team (QRT) that will handle all medical-related concerns of participating athletes in the ongoing Cotabato Regional Athletic Association (CRAA) meet in nearby Koronadal City. The week-long 2012 edition of the CRAA meet, which is a qualifying stage for next month’s Palarong Pambansa in Pangasinan, officially opened on Sunday. Dr. Rogelio Aturdido, South Cotabato health officer, said the local government-led team will specifically deal with serious illnesses that may need advance attention or treatment at a medical facility.
Kidapawan drive
KIDAPAWAN City -- The city government here is strictly implementing its anti-smoking ordinance, apprehending last week a former chief of police and a retired Army officer in a non-designated area inside the city’s public market. Civil Security Unit (CSU) chief Andres Malinao said the two did not resist arrest even if they were not aware that the city government is already enforcing the ordinance. Both decided to pay the penalties for their violation. While three other violators rendered twohour community service inside the market instead of paying the charges.
By IRENE DOMINGO, Reporter
T
HE SENATE was asked to look into the power situation in Mindanao in a bid to address an apparent shortage.
In a statement, Senator Francis “Chiz” Joseph G. Escudero, who is a member of the Joint Congressional Power Commission, said he filed Senate Resolution 753 that asked the energy committee to “confirm its [Mindanao power] true situation, determine the issues to be resolved and
institute policy reforms.” The probe may even “mean amending Republic Act 9136” or the Electric Power Industry Reform Act of 2001, he said. Mr. Escudero said the inquiry should also look into conflicting reports on the state of power generation on the island.
According to the statement, the National Grid Corporation of the Philippines (NGCP), which has been blamed for the daily power outages, has claimed that the power supply in Mindanao was “acutely short due to lack of power supply generated by plants.” This was backed by the Energy department, according to the statement, which instead blamed the electric cooperatives for refusing to increase capacities; this has resulted in four- to eight-
hour daily blackouts. The outages “should not [have been happening,] because there is an untapped 65 megawatts from the state-owned power plants,” Mindanao Development Authority Chairman Luwalhati R. Antonino earlier said. She accused the NGCP of creating an “artificial shortage” in its bid to have the Agus-Pulangi baseload hydroelectric plant privatized, the statement said. Mr. Escudero, mean-
while, suggested “opening the market” for more groups to construct power plants in Mindanao. “There is a dormant asset lying in the electric cooperatives nationwide who has an asset base of P130 billion at any given time,” he said. “The Agus-Pulangi hydro power plants, which supply half of Mindanao’s power demand, need to be rehabilitated for at least P3 billion so it can generate SHORTAGE/PAGE 9
Blackouts may be inevitable for Davao By CARMELITO Q. FRANCISCO Correspondent
DAVAO City -- Half-hour power outages may be experienced in the Davao Region should further cuts be made by the grid operator, even as thinning reserves have partially mitigated a worse situation, the distributor said. The Davao Light and Power Co. has informed its customers that it might BLACKOUTS/PAGE 10
Biggest B-Meg plant to rise in Villanueva By GERRY L. GORIT, Reporter
MISAMIS Oriental -- The biggest B-Meg plant in the Visayas-Mindanao area will soon rise in Villanueva, Misamis Oriental. Sitting on a 15-hectare site, the plant will take about a year to be constructed PLANT/PAGE 10
KIDS AT WORK. The lack of employment opportunities among parents is one of the major causes PHOTO BY MIO CADE of forced labor among minors.
BSP grants regulatory relief for those affected by Sendong By ELAINE O. RATUNIL, Contributor
TIME CAPSULE. A time capsule is lowered at the site of the proposed B-Meg plant in Villanueva, Misamis Oriental. Leading the ceremony is town Mayor Juliette T. Uy, with B-Meg Vice President and General Manager Dr. Norman C. Ramos. PHOTO BY GERRY L . GORIT
THE Bangko Sentral ng Pilipinas (BSP), through the issuance of Memorandum No. M-2012-001 dated January 3, granted relief measures to banks to enable them to similarly assist and ease the financial burden of bank customers adversely affected by the tropical storm Sendong. Thus disclosed Director Gail
U. Fule of BSP’s Central Point of Contact Department, in reference to the consolidated petition of the Oro Chamber of Commerce and Industry to President Benigno Aquino III requesting to grant relief for bank customers affected by Sendong particularly in the cities of Cagayan de Oro and Iligan. In particular, the petition wish RELIEF/PAGE 11
Davao flight route revived DAVAO City -- Cebubased Mid-SEA Express has revived flights between Davao City and a port city in Indonesia. Jo h n G o l d e t o T. Baricuatro, representative of the airline in the city, said the route is serviced by a 19-seater Jet Stream aircraft that can ROUTE/PAGE 10
2
March 26-29, 2012
BusinessWeek
MINDANAO
BusinessWeek
MINDANAO
Economy
March 26-29, 2012
3
Amreco to NGCP: Cut power curtailment THE electric cooperatives in Mindanao are complaining the manner NGCP implemented the curtailment as they (EC’s) claimed they have been curtailed excessively while others are not allegedly implementing. More than 30 major industries are directly connected to the state-owned National Power Corporation (NPC). The EC’s requested transparency on their part by providing all EC’s with daily data on curtailment level of all their costumers including
their nomination to Therma Marine, Inc. (TMI). “We are asking the list of all major power users so that we can adjust the power curtailment,” said Association of Mindanao Rural Electric Cooperatives (AMRECO) President Sergio C. Dagooc, during a
meeting with the NGCP and island power customers at the Grand Palace here the other day. The activity was an “Interface Meeting With NGCP Customers”. “Gusto sana namin na mabigyan kami ng listahan ng mga major consumers ng NAPOCOR upang mashare equally and rotating brownouts at hindi masyado mabigat and mga EC’s sa Mindanao. We want transparency on their (NAPO-
12,874 households benefit in electrification program BUTUAN City -- To date, the Sitio Electrification Program (SEP) project has already energized 545 farflung and remotest sitios in Mindanao. The SEP is a rural electrification program of the government aimed to energize far-flung areas throughout the country. Late last year, the NEA, in partnership with 96 electric cooperatives nationwide had already energized 1, 520 sitios, benefiting some 33, 189 households. For the Agusan del Norte Electric Cooperative (ANECO) alone, 35 sitios were already energize, benefiting 2, 086 households. This year, ANECO is targeting more than 2, 156
households. The seven electric cooperatives in Northeastern Mindanao (Caraga region) have already energized more than 102 far-flung sitios and puroks. “We are committed to energize more far-flung sitios and puroks in the coming months as part of our commitment to help the Aquino Administration’s SEP program,” ANECO general manager (GM) and president of the association of Caraga region electric cooperatives Architect Horacio T. Santos said. There are 32,403 sitios all over the country without power. The bulk of the fund amounting to P116.9 million will go to Northern Mind-
anao to electrify 184 sitios. Bicol Region is allotted P84.8 million to energize 136 sitios while P74.4 million will go to the Caraga region to power up 103 sitios. Meanwhile, in an effort to have uninterrupted power supply in the future, the ANECO on Saturday inked a 25-year Memorandum of Agreement (MOA) for a 10 megawatt power supply from the Sarangani Energy Corporation, starting 2015. The ceremonial signing of agreement was presented by Santos, ANECO board president Dioscoro P. Boco, Sarangani Vice PresidentBusiness department Joseph C. Nocos and Sarangani Head for Marketing Edgardo C. Calabio.
DOF brings microinsurance literacy campaign to Davao DAVAO C i t y - - T h e Department of Finance (DOF) and the Insurance C ommission (IC) are currently training forty Dabawenyos from March 20 to 22 at the Apo View Hotel, this city for the microinsurance literacy campaign. The training aimed to push for a wide acceptance of microinsurance among the informal and low income sectors. A nationwide campaign, this literacy program is anchored on developing advocate-partners in promoting microinsurance among key stakeholders. Both DOF and the IC are implementing various initiatives on microinsurance such as projects supported by the Asian Development Bank-Japan Fund for Poverty Reduction and the German International Cooperation. Aside from the 3-day training, the same team will conduct the Magpaseguro Para Protektado: Advocacy Seminar on Microinsurance on Friday (March 23). This one-day event will provide basic information on the current
initiatives on microinsurance and the roles of government, the private sector and development partners in promoting micro-insurance. During this event, a presentation will be made on the establishment of appropriate policy and regulatory environment that will encourage and facilitate safe and sound
provision of microinsurance products and services. Participants will look at the salient features of the National Strategy and Regulatory Framework for Microinsurance as it promotes increased access by the low income and informal sectors to affordable and simple insurance products.
COR, NGCP, PSALM) part by providing all EC’s with daily data on curtailment level,” stressed Dagooc, who is also the general manager of Siargao and Dinagat Islands Electric Cooperatives, that suffered brownouts the other day from 12 noon up to 7 p.m. The rotating brownouts imposed by the NGCP in Mindanao already reaches from 2 to 5 and 8 hours a day, especially in central Mindanao, Zamboanga
Peninsula and other parts in Northern, Northeastern and Southern Mindanao regions. “We are asking the list in relation to our complaints that there are customers who are allegedly avoiding the expensive plants and drawing fully from the hydro while the EC’s are blamed for none contracting TMI,” appealing Dagooc. In that meeting, NGCP managers led by Mr. Lito Soriano, head of NGCP’s
Mindanao system operation with Max Adiong, NGCP operation manager and consultant Pedrito Baculio presented Mindanao power situationer showing available capacity from NAPOCOR and the daily grid demand resulting to a shortage of 145 megawatt plus the mandatory reserve so NGCP declared a 240 mW deficiency level. EC’s contract with TMI is also presented with only 2 AMRECO/PAGE 9
4 March 26-29, 2012
Companies
BusinessWeek
MINDANAO
Hedcor strengthens safety awareness during Fire Prevention Month “B etter knowledge and appreciation results in vigilance. It allows us to be more cautious and alert”, says Hedcor Safety Of f icer Engr. E arl James Logarta during the recent company’s fire drill. Hedcor conducts annual safety drill to its employees to strengthen awareness in emergenc y and evacuation preparedness. In partnership with Bureau of Fire and Protection, Hedc or re c e nt ly we nt through a day of intensive training with actual simulation in fire suppression in its offices and hydropower plants. “In order to sustain this heightened level of awareness, all of us must have this inherent under-
standing of safety”, Logarta said. “Also, fire drill is a good venue for employees to actively participate in the government’s t hr ust to promote fire safety”, Logarta added. Aside from the drill and seminar, Hedcor responds to the call
MW Sibulan Hydropower Plant in Sta. Cruz, Davao del Sur installed a P15 million worth of fire prevention equipment to detect smoke and allow plant operators to contain the flames even before it spread. Sibulan Hydropower Project, owned by
AboitizPower subsidiary Hedcor Sibulan, Inc., delivers about 212 GWh of energy every year to Davao Light and Power Company. Hedcor has 19 runof-river hydropower plants in B enguet, Ilocos Sur and Davao with a total capac-
ity of 154 MW. The company was conferred by the Department of Labor and Employment as one of the safest companies in the country through vesting the Safety Milestone and Gawad Kaligtasan at Kalusugan awards last year.
FIRE FIGHTING. Bureau of Fire and Protection assists Hedcor during the fire and safety drill at the office and in the hydropower plants. The activity is conducted twice a year to sharpen the awareness and alertness of Hedcor team members.
PLDT gets okay to cure foreign equity breach THE PHILIPPINE Long Distance Telephone Co. (PLDT) has secured its stockholders’ approval to issue new voting shares in a bid to lower foreign ownership levels as ordered by the high court. “Considering that more than two-thirds voted in favor of the resolution, the said resolution is hereby approved,” PLDT Chairman Manuel V. Pangilinan said at the stockholders meeting yesterday. The approval allows the firm to issue 150 million preferred shares with voting rights that will be made available only to Filipinos. This comes as the Supreme Court en banc ruled last year that the 40% foreign ownership
of the fire prevention month through monthly monitoring of the fire extinguishers, cleaning of work areas that might pose threat to fire, and posting of emergency numbers – of nearest fire station, to strategic areas. Last year, the 42.5-
cap set under the Constitution should be reckoned from voting stock and not outstanding capital stock. The share issuance is expected to lower PLDT’s total foreign equity to some 35% from the current 65%. However, Ray C. Espinosa, PLDT head of regulatory affairs and policy, clarified the new voting shares would only be issued once the ruling is finalized. “The ruling as you know is not yet final and is subject for a motion for reconsideration,” Mr. Espinosa said. The company plans to issue the new shares to its beneficial trust fund, which is held by PLDT employees. “The advantage is the PLDT/PAGE 9
Nokia sweeps top awards at Mobile World Congress NOKIA proves once more that it remains a global leader in mobile communications with prestigious awards won at the recent GSMA Mobile World Congress 2012 held at Fira Montjuïc, in Barcelona, Spain. The GSMA Mobile World Congress is the world’s largest annual trade show in the mobile industry that brings together industry leaders, key players, mobile operators, device manufacturers, technology providers, vendors and content owners worldwide to showcase the latest in mobile technology through exhibitions and conferences provide a venue for participants to collaborate and network to strengthen and explore high-growth opportunities
The Top 10 Winners of GSMA’s 17th Annual Global Mobile Awards 2012 At MWC: Samsung & Apple sweep the top honours; followed by Nokia, Rio, WhatsApp & Google.
in the mobile phone busi- World Congress featured mobiles, now more than ness. the theme “Redefining Mo- just a mere communication This year’s GSMA Mobile bile,” which showcased how NOKIA/PAGE 9
Mall of Asia hopes to attract BPOs, shipping companies SM LAND Commercial Properties Group, the commercial property arm of listed SM Investments Corp., is looking to attract business process outsourcing firms (BPOs) and shipping companies to its newest office development in the Mall of Asia (MoA) complex, a company official said recently.
“Yes, we are already talking to locators for Three ECom Center. We are looking mostly at BPO companies, and as in our experience in Two E-Com, we also plan to get shipping companies,” David L. Rafael, SM Land senior vice-president, said. However, he declined to identify these companies. “It’s still very preliminary,” he said.
Two E-Com Center, which has a total leasable area of around 60,000 square meters, is the second of four E-Com Centers located in the MoA complex after One E-Com Center that was completed in 2007, earlier reports said. Three E-Com Center, for its part, will rise 15 stories with a gross leasable area of 79,000 square meters,
SM Land earlier said. Construction is expected to begin in April, with a completion date slated for the last quarter of 2014, the company added. Moving forward, SM Land wants to exploit Three E-Com Center’s strategic seaside location and similarly target shipping firms as locators. “The trend we see among
these shipping companies is that they want to be located near the port area, but at the same time, they want to move to nicer office buildings. The existing office buildings in the Intramuros and harbor areas are no longer located in ideal environments,” Mr. Rafael explained. “These companies are looking for quality in their
office buildings, and that’s what we want to present to them,” he added. In addition to shipping firms, Mr. Rafael said SM Land also wants to bring in other shipping-related industries to Three ECom such as brokers, cargo companies, and freight handlers, among others. MALL/PAGE 9
BusinessWeek
MINDANAO
March 26-29, 2012
5
6 March 26-29, 2012
BusinessWeek Your local online business paper
The BusinessWeek Mindanao is published by BusinessWeek Mindanao Advertising and Promotions every Monday and Friday of the week with office address at Geleng Building, Lapasan Highway, Cagayan de Oro City. It is registered with the Department of Trade and Industry (DTI), Region 10 with Certificate No. 00875701, and with Business Permit No. 2010-5698, TIN No. 946-396807 – Non VAT. TEL. NOS.: (088)856-3344, (08822)72-33-44 (088) 587-1390, 74-5380, 0923-432-0687 Website: www.businessweekmindanao.com
E-mail : businessweekmindanao@gmail.com DANTE M. SUDARIA PUBLISHER ROSE MARY D. SUDARIA MANAGER NELSON CONSTANTINO MELANIE RIVERA IRENE M. DOMINGO EDITOR-IN-CHIEF A ò Ùã®Ý®Ä¦
½½ Ä Ã ® Äã
FELIX SANTILLAN L ùÊçã AÙã®Ýã TOTO ADE PÙÊ ç ã®ÊÄ
ø çã®ò E ®ãÊÙ RUEL PELONE OĽ®Ä E ®ãÊÙ
ROLANDO SUDARIA P«ÊãÊ JÊçÙÄ ½®ÝãÝ JOE DEL PUERTO FELICILDA UÙ® ½ C. Q箽®Ä¦ç®Ä¦ E ®ãÊÙ® ½ CÊÄÝç½ã ÄãÝ
MARLON DOMINGO CIRCULATION JUN ESCUADRO RIZA O. ARES LIEZL A. DELOSO JOE PALABAO RENE MICHAEL BAÑOS
ATTY. MARIO T. JUNI ããù. ÙÊ ÙãÊ . Äã ¦Ê ¹Ù. M Ù» ã®Ä¦ CÊÄÝç½ã ÄãÝ L ¦ ½ CÊçÄÝ ½Ý Member: -Philippine Press Institute
-Cagayan de Oro Chamber of Commerce and Industry Foundation, Inc. (Oro Chamber) -Misamis Oriental - Cagayan de Oro Association of Publishers (MOCAP), Inc.
MARKETING PARTNERS: MANILA
MARLYN PAR - A Venture Mktg Corp. Telefax: (02)485-0570 2512 Opalo St., San Andres Bukid, Sta. Ana Manila RURAL PRESS COMM. REP. INC. 3055 Tolentino Cor. Balabac Sts. Pinagkaisahan, Makati City JUN ESCUADRO - 0917-511-1724 44 Lungos, Pulilan, Bulacan
CEBU
FREDDIE PAR - 0932-867-2326 Cebu The Voice 419 - C. Padilla cor. Fatima Sts., Cebu City
WESTERN MINDANAO Mindanao Examiner/Mindanao Daily Unit 15, 3F Fair Land Bldg., Nunez Extension Zamboanga City Phone & Fax (062) 992 5480 Email: mindanaoexaminer@gmail.com URL: mindanaoexaminer.com
CARAGA MARX’S PUBLISHING AND MARKETING SERVICES P-7 Resureccion Road., Holy Redeemer, Butuan City Cell No. 0948-4183501, 0912-8091093
Opinion
BusinessWeek
MINDANAO
The Best Policy THINK a minute… A recent survey of questions was given to thousands of people. Their names were not known or recorded so they would answer the questions honestly. Out of all these people, 91% said they regularly tell lies. Half of them call in to their jobs and say they’re sick when they’re not sick at all. In fact, over half of all stealing from stores and businesses is done by their own employees. Another question was this: “What are you willing to do for $10 million?” 25% of the people said they would leave their mate and children, and 7% said they would murder a stranger for $10 million. So in a crowd of 1000 people, there are
70 people who would kill you for $10 million. Think about it! I asked myself: How much like those average citizens am I? Have I lied to family or friends? Stolen from my workplace? Have I cheated in school or on my taxes? Broken any of my promises? If I was guaranteed I could get away with anything I wanted, what would I do? What is my conscience, self-respect, and good character worth? A famous writer said: “Honesty is like art: you have to draw the line somewhere.” But the problem is who draws the line? Me by myself? My circumstances and situation? You see, since all we humans have rebelled
and chosen to live our own way, lying, cheating and stealing now come rather naturally to us. We do whatever it takes to get what we want. And if we don’t, most people think we’re weak and foolish! That’s actually how confused we’ve become. It all starts with the little dishonest things we say and do regularly. We think it’s just a little white lie or small thing we stole. But soon, being dishonest becomes our way of living. Yet, no matter how much money and prestige we have, we’ve become the poorest person there is. You see, it’s impossible to escape the painful penalty and consequences of all our dishonesty in life—except for
THINK A MINUTE
JHAN TIAFAU HURST one way: Ask Jesus Christ to forgive you for your dishonest heart and way of living. Then ask Him to help you start changing everyday to become a truly wealthy person of integrity. Then He will give you the greatest success in life you can ever have. Just think a minute…
The return of the expected, it’s the economy that will suffer THE power crisis is now starting to cripple industries in Mindanao. It is real in the sense that we are facing rotating brown outs of 4 to 6 hours and the residential consumers are now howling “invectives” to the government for in-action while businessmen are absorbing losses. The dry season is here and most of the hydro powered electric generating plants are producing below their rated capacities. Since last year, a warning was raised by NGCP of the looming power shortage. The DOE Secretary, Mr. Rene Almendras even came to Cagayan de Oro City to confer with the industry stakeholders. Debate on the pros and cons of augmenting the power shortage through the deployment of Power Barges which generates electricity through diesel powered generators has been raging on for the last 12 months. Some quarters deplore the initiatives as expensive for the reason that it will shoot up electricity billing in the entire Mindanao area as the highest in Asia. Some electric cooperatives were forwarding suggestions as
early as February 2011 that Agus and Polangi hydro electric sources of water be dredged to remove siltation to be able to store more volume of water to drive the turbines of the generating sets deliver their rated capacities. Government functionaries on the other hand were singing different tune and they wanted to privatize the hydro electric plants by proposing sale to the private sectors for the reason that it is “expensive” to maintain aging power plants. However, it was only after 13 months that the President of this country presided a meeting on March 23, 2012 as reported by a leading national newspaper in its March 24, 2012 edition with regards to the power shortage in Mindanao. In that reported meeting among his energy officials and the media, who were asked to leave when the issues in Mindanao were discussed? The President came out with a public statement later that “more electricity is consumed in Mindanao than the power distributors have contracted with the power generators”. A confirmation
that the crisis exist and they have not prepared for it over the last 12 months. A solution should have been reached earlier instead of paying lip service to the consumers in Mindanao. As soon as the President made his announcement in the government media, a power outage shut down the operation of the Zamboanga City Airport forcing flight cancellations. The airport in nearby Ozamis City followed. Is the crisis premeditated to prepare and cushion the public mind for more coal fired power plants to be set up in Mindanao? Some plants are already on streams and are scheduled for commissioning in 2014. Or should the government owned hydro electric power plants be finally sold to the private sector as opposed by many electric cooperatives on the assumptions that it will drive kilo watt hour billing higher on their new contracted private suppliers compared to the price charged by the NPC? Big and small industry stake holders and the residential consumers are pawns to the power brokers.
We know that high grade carbon fuels are imported from Indonesia and subject to tax. Existing Philippine carbon fired power plants are not using 100% carbon extracted from the Philippines. We do not have that commercial quantity. A huge deposit is there but the extraction is still under protracted litigation with the environmentalist group and uncertainties of the government mining policies. The government has higher tax revenue forecast. It will definitely support carbon generated energy. The same as it refuses to lower the VAT of imported oil. QUIAMJOT/PAGE 7
Opportunity LOOKING back not so long ago, I asked my grandfather in his humble age of 101 about what he wanted to do. As he sat weakly at the edge of his bed he said, he wanted to go to the beach and walk in the sand. I then glanced slowly at my watch and told him that we’ll do it some other day as I still have work to accomplish. I went out from his room with the commitment that I should schedule a day where I can spend time with my Lolo Pio along the beach and enjoy the vibrant sea breeze. The following week was not actually busy week for me yet I decided to drown myself in complacency and decided to
postpone our grand activity days after. Months passed, amidst loads of activities, and I forgot about the plan to bring him to the beach until I received a call… my grandfather had left already to that place not made with hands, eternal to the Heavens. Opportunities abound us day after day. As entrepreneurs, we have developed our eagle-eye keenness in intercepting opportunities that is subliminally hidden before us. We seize each moment to the point of extreme precision that there should be no room for minute error. The feeling of empowerment and greatness we experience
after a successful endeavour becomes our distinct prize in this worldly competition for material opportunities. This somehow is important for us as it would mean food on our table, a fancy car, or recognition from our company. Unknowingly, we have overlooked our human obligation to care and be sensitive to the simple desires of the people close to our hearts. This was what I felt after I learned about the death of my grandfather for if I can just turn back the hands of time I would have heed to his simple request with promptness and zeal. It can be noted that too many people may have expe-
rienced the immense pain of not having the opportunity to earnestly express their feelings to those that really matters to them. I understand that many books have been written about this and more have been discussed by various motivational speakers pertaining to this topic including my brother, Arnold, who shared to me his personal rubric on this matter. Arnold with his contemplative personality pointed out that people should always remember the sound reality that life is fleeting, that we should prioritize and value living in the present moment rather than in the past or uncertain future,
and most importantly is to never delay worthy actions specially when it comes to family. These insights are quite simple but profound for it allow us to clear our thoughts and figure out that even if we might become overwhelmingly successful, we still cannot live forever. The certainty of death is evident and as mortal beings we should accept and be ready for it thus, significant opportunities concerning the crux of the matter ( Living and Loving ) should be cherished not wasted. Furthermore, Arnold or Anot, as he is fondly called, explained the paramount importance of always living in the present
RUBRICS OF LIFE
Erwin L. Pepino for it is within your control and all present actions and decisions will determine your destiny. This is entirely PEPINO/PAGE 7
BusinessWeek
March 26-29, 2012
MINDANAO
Quiamjot... from page 6
But what have happened to the greening programs of the National Power Corporation when they were mandated in their charter to contribute to the reforestation of the Mindanao watersheds where NPC draws the water to power the turbine of their hydro electric generators? How many hectares of the forest land were under NPC? Were the trees long been cut and sold to the lumberyards in
Pepino...
from page 6 destiny. This is entirely parallel to what Eckhart Tolle, stated in his book, The Power of Now: A Guide to Spiritual Enlightenment ,-“Realize deeply that the present moment is all you have. Make the Now the primary focus of your life.” The third point ,which is to never procrastinate or delay decisions and actions, is a very crucial factor in human relationship because of the unpredictability of what might unfold with time. It is the most common cause of regrets of mankind that would never cease to haunt the soul. This last point struck me as sometimes I deliberately take for granted people near me
Iligan? Typhoon Sendong was a witness and told the story of these shenanigans. From a c onsu m e r’s economic point of view, Mindanao with its natural resources and abundant supply of water should instead pursue more of the hydro electric technology in augmenting its power capacity. Whichever move our policy makers will choose to resolve the crisis; may there be truth and wisdom to their actions because history will judge them? with the thought that they will always be around. Reality will then awaken us that nothing last forever in this world and we should consider doing our best everyday as if it is our final performance for eventually it will be. To all that still have the material time to do what is right, grab the moment to touch base and feel the warmth of your family once in a while instead of being too busy on things not close to your heart. After all, like my Lolo Pio and all people that matters to us, they too may have some little yearnings, maybe they might just need a sincere hug, a word of love, a shoulder to lean on, or even a simple smile from you…and you might just miss this last OPPORTUNITY.
WE HAVE ALL THE MARKET FOR YOUR PRODUCTS AND SERVICES PROMOTIONS!
BusinessWeek MINDANAO
YOUR LOCAL ONLINE BUSINESS PAPER
www.businessweekmindanao.com
www.mindanaodailybalita.com
For advertising assistance call: Dante: 0917-7121424
7
Outstanding Congressman Awards 2011 THE Hous e of Representatives celebrated its 20th year honoring the Outstanding District and Party List Representatives. Superbrands Marketing International Inc or SMI has taken on the cudgels to continue this annual presentation of awards we initially supported the past three years. SMI is a publishing company engaged in the awards-presentation of consumer products and services. Superbrands; is the global brand arbiter the world over represented in 88 countries with close to over 12,000 brands awarded. Branding is not about creating awareness or generating demand. Branding is about deliverables. This is the ability to provide with consistency the brand promise. Branding is all ab out integrity. When branded the product, service or person, is perceived to deliver the promise of integrity. In 1994 it started as a radio show on GLR (now BB C Radio London). This radio show provided consumers with insights into exceptional brands that touched their lives. Each show explored the origins of the brand, its current proposition and its future prospects. Following the success of the radio shows Superbrands created hard cover books which paid tribute to the leading brands in each market. In 1997 the media concept was expanded to Australia, Singapore and the Philippines, and in 2000 the concept was rolled out in Denmark, Hong Kong, Spain, France, Portugal, Sweden, Malaysia and the United States of America. In 2000, Superbrands launched its first new product publishing Business-Sup erbrands, a programme focussed
specifically on businessto-business brands. Between 2000 and 2010 Superbrands opened dozens of new markets around the world. The centrepiece of Superbrands is a hard cover reference book which features many of the nation’s greatest brands and provides many fascinating insights into the strongest and most valuable brands in the country. The Brand values Superbrands’ brand values include a dedication to promoting branding excellence, a commitment to paying tribute to qualified brands, and to maintaining very high and detailed production values across all our endeavours. SMI is now the registered Intellectual Property owner for the annual Outstanding Congressman Awards. The awards have absolutely NO political affiliations, color nor leanings. The criteria for the outstanding congressman award is anchored on Bills filed in 2011 for the fifteenth congress, and bills that have ascended into Republic Acts, this is also inclusive of the Committees in participation, if not chaired, on-going projects, Advocacies and their Vision through their messages to our countrymen. Now on its 20th Anniversary; The Outstanding Congressman Award is conferred to Congressmen – District Representatives and Party Lists. This year’s Awards was staged; February 29, 2012 at this Fontaine Room, at the Manila Mandarin Hotel, Makati City. It is interesting to note that these nation builders today who have received no less a mandate from their direct constituents or for the nationally elected Party Lists, are rarely honored or recognized for the long hours served on the
tedious deliberations be it; in plenary or the committee hearings, debating bills, amendments, oversight, if not even for the investigation for congressional arbitration which are distinctly for the singular purpose of nation building. The duties of our Representatives are however not necessarily limited to sheer legislation; considering their constituents demand for direct assistance through hard and soft projects - these Congressmen have to source and initiate. Legislation no matter how cumbersome with the long hours required for attendance and deliberation; has to submit to their constituencies – for projects; that are perceived to be local in nature but require the recognition as well. The Outstanding Congressman’s Awards are not conferred for the purpose of a Public Relations strategy but for the noble objective for identification and to directly honor their successes. This public acknowledgement is given for identification of their achievements while in office. The Outstanding Congressman ‘Award’ is conferred, for the recognition rightly deserved. The history of this Award the past 20 years has become the institution for the lower house, dedicated to recognize the reputations perceived or otherwise and is for the generation for aspirations for our leaders who serve the people through this recognition. Aggabao, Giorgidi B. Isabela, 4th District – 2nd term Alcover, Pastor Jr. M. - Partylist - ANAD - 2nd term Angara, Juan Edgardo M. - Aurora, Lone District - 3rd term Barzaga, Elpidio Jr. F. - Dasmariñas City, Lone
SUPERBRANDING
HARRY TAMBUATCO District - 2nd term B elmonte, Feliciano Jr. R. - Quezon City, 4th District - 1st term Calimbas-Villarosa, Ma. Amelita A. - Occidental Mindoro, Lone District -3rd term Castelo, Winston ‘Winnie’ - Quezon City, 2nd District - 3rd term Escudero, Salvador III H. - Sorsogon, 1st District - 2nd term Fariñas, Rodolfo C. Ilocos Norte, 1st District - 1st term Fua, Orlando B. – Lone District, Siquijor – 3rd term Golez, Anthony Rolando Jr. T. - Bacolod City, Lone District - 1st term Gomez, Lucy T. - Leyte, 4th District - 1st term Haresco, Teodorico T. - Partylist - Ang Kasangga - 1st term Magsaysay, Ma. Milagros H. - Zambales, 1st District - 3rd term Mercado-Revilla, Lani - Cavite, 2nd District - 1st term Pacquiao, Emmanuel D. - Sarangani, Lone District - 1st term Romualdez, Ferdinand Martin G. - Leyte, 1st District – 2nd term Suarez, Danilo E. - Quezon, 3rd District – 3rd term Syjuco, Augusto Boboy, Ph.D. - Iloilo, 2nd District – 1st term Tupas, Niel Jr. C. - Iloilo, 5th District - 2nd term
8 March 26-26, 2012
Corp.Board
BusinessWeek
MINDANAO
CORPORATE UPDATES:
Ayala Land Premier launches first real estate app in the Philippines Effortless living has gone beyond integrated communities as Ayala Land Premier (ALP) introduces another first in the Philippines through a venture that showcases the hallmarks of its pioneering property in Makati Central Business District. The Park Terraces app, ALP’s first tablet app, allows future residents to marvel at Park Terraces’ distinct features, the remarkable array of establishments and even the future developments that flank the property. “Park Terraces is a threetower residential enclave that will rise within Makati
CBD. Given its promising dimension and location, the Park Terraces app will serve as the innovative brochure that will virtually present what the property and the community has to offer,” Eunice Acejo, Ayala Land Premier marketing head, says. Part of the Park Terraces App features a sneak preview of Ayala Land Inc.’s (ALI) major redevelopment plan for Ayala Center - largely known for being a microcosm of the Makati CBD. The blueprint shows the neighboring business, comercial and recreational
UPDATE :
BusinessWeek Mindanao’s Partner for MINDANAO’S OUTSTANDING ENTREPRENEURS & BUSINESS LEADERS AWARDS 2012
establishments that are present and will soon emerge in the district. “The redevelopment of Ayala Center is just part of ALI’s groundbreaking plans in making Makati a mixeduse development. To date, there are plans in developing dedicated entertainment, transportation, retail and technological nodes that will further the city’s primacy,” adds Leya Moya, Park Terraces project development head. Furthermore, the app also highlights Makati’s Charms an online map and directory of the vicinity that features some of Makati’s exceptional and niche destinations. With this, future residents are just a touch away from the city’s best deals. The recently launched Park Terraces app, which requires at least iOS 3.2, is designed and compatible with the iPhone, iPod touch and iPad, and is now available for download on iTunes. (Philippine Star)
ADVERTISING CORPORATION Ayala Centrio Cagayan De Oro
Upper Apitong, Macanhan Road, Carmen-Ilaya, Cagayan de Oro City (088)856-9995 • (08822) 72-99-99 email: bansqual@ultracraftadvertising.com
Needs ACCOUNTING STAFF • Female, not more than 25 years old • College graduate preferably accounting major • With good communication skills, oral and written • With pleasing personality and good moral character • Must be hardworking and willing to work under pressure • Experience not necessary
To the successful applicants, we offer a lucrative career, above average compensation and benefit package. All information will be kept confidential. Only qualified applicants will be interviewed. Please send comprehensive resume, TOR and recent 2x2 photo to:
PERSONNEL MANAGER Tire and Retread Division
Sales Corporation Tel Nos. 858-4249 / 735677 / 735644 Km3 National Highway, Kauswagan Cagayan de Oro City
BusinessWeek MINDANAO
Congress.Watch
March 26-29, 2012
9
Standard & Poor’s pushing for passage of sin tax, fiscal incentives reform BUREAU of Internal Revenue (BIR) Commissioner Kim Henares revealed Thursday that the visiting review team of international credit rating agency Standard & Poor’s said passage of the bills on sin tax reform and fiscal incentives rationalization by next June will improve prospects for a credit rating upgrade. Results of the S&P review may be known by May, when Congress resumes session. The legislature adjourned for its summer break Thursday. In the eyes of S&P, the Philippines is a “BB” sovereign. Investment grade is two more steps up at “BBB-“ on its 12-rung ratings ladder. S&P gave the country the “BB” grade in November 2010 for long term foreign currency denominated debt and the “B” grade for short term foreign currency credit. Standard & Poor’s sovereign or country credit analysis has five key sets of factors: Institutional effectiveness and political risks; Economic structure and growth prospects; External liquidity and international investment position; Fiscal performance and flexibility, as well as debt burden; and Monetary flexibility. June last year, another credit rater, Fitch Ratings, stamped a “BB+” on Philippine long-term foreign currency debt and “BBB-“ on long-term peso debts. It also maintained at “B” the short-term foreign currency issuer default rating. S&P has explained on its website that its sovereign rating for countries is not just based on fiscal performance or national government finances.
“The five key factors that form the foundation of our sovereign credit analysis are: • Institutional effectiveness and political risks, reflected in the political score. • Economic structure and growth prospects, reflected in the economic score. • External liquidity and international investment position, reflected in the external score. • Fiscal performance and flexibility, as well as debt burden, reflected in the fiscal score. • Monetary flexibility, reflected in the monetary score.” The global debt watcher is not the only international entity pushing for economic reforms. The World Bank also did in its latest Philippines Quarterly Update (PQU) released Monday, March 19. The PQU urged “more focus on several key reform areas such as strengthening public financial management, increasing tax revenues, and enhancing competitiveness through stronger regulatory capacity, enhancing competition including reducing the cost of doing business, addressing infrastructure and service delivery bottlenecks, and improving workers’ skills, thus making them more
employable.” “A huge window of opportunity currently exists for speeding up critical reforms,” World Bank Country Director Motoo Konishi said. “Besides having strong macroeconomic fundamentals, the country is benefitting from political stability and a popular government that is seen by many as strongly committed to improving governance and reducing poverty,” he added. ‘Stable’ outlook S&P affirmed the “BB” grade last December 16 and that came with an “outlook” rating of “stable” from the previous “positive” mark. “We base our view on the current external liquidity and net debt indicators against the Philippines’ relatively high public external debt, about 48% of which is on commercial terms. We expect further rating improvements to be most likely driven by improvements in fiscal and debt credit metrics,” S&P credit analyst Agost Benard said three months ago. According to officials of the Bangko Sentral ng
Pilipinas, the Philippines is “underrated” by about two to three notches by the international credit rating agencies. Pending bills Budget Secretary Florencio Abad has said that June 2012 is the Aquino administration’s target for enacting into law the bills on “sin” tax reform and fiscal incentives rationalization. Under the 1987 Constitution, all tax laws of the country must first come from the House of Representatives. The fiscal incentives measure is several steps ahead of the sin tax bill, which is still bogged down in the House ways and means committee, The fiscal incentives bill (HB 4935) is also known as “The Investments and Incentives Code” when the House approved it on third reading and transmitted it to the Senate middle of last year. The Senate received HB 4935 on August 8. There are three counterpart Senate Bills: SB 2142 by Senator Ralph Recto; SB 2379 by Senator Manuel Villar; and SB 2755 by Senator Edgardo
Angara. Recto is chairman of the Senate committee on ways and means. Villar heads the economic affairs and trade and commerce committees. Angara leads the committees on education and science. The Aquino administration-backed version of the sin tax reform bill is HB 5727 authored by Cavite Rep. Joseph Emilio Abaya. However, before Abaya’s bill came along, the committee had worked on other sin tax bills and issued a subcommittee report. Cagayan de Oro Rep. Rufus Rodriguez pointed out that Subcommittee Report 6
is a product of six meetings of the technical working group and signed by 12 members of the committee. It is his contention that the subcommittee report should be discussed first before Abaya’s HB 5727. The delicate task of getting the sin tax bill out of the House by May falls upon House ways and means committee chairman, Rep. Isidro Ungab of the Third District of Davao City. “We will take up simultaneously all the other pending measures in the next hearing,” Ungab said on March 11. The summer break of Congress ends on May 7.
Nokia...
driving the mobile ecosystem today and into the future. At the Global Mobile Awards, Nokia scooped the prestigious Best New Mobile Handset, Device or Tablet Award for the new Nokia 808 PureView. The first smartphone to feature Nokia’s exclusive new PureView technology, Nokia 808 PureView features a revolutionary 41-megapixel camera with the highest performance Carl Zeiss optics to date, redefining the quality of today’s camera phone photography.
This new cutting-edge smartphone also created quite a stir among visitors of the Nokia Booth at the Mobile World Congress. They raved about the Nokia 808’s PureView technology, which uses oversampling to combine up to seven pixels into one “pure” pixel to eliminate the visual noise found on other mobile phone cameras. On top of that, users can zoom in up to 3X without losing any of the details in the shot and without creating any artificially created pixels in the
picture. The oversampling technology also allows for significantly improved low light performance than previous camera phones. Apart from the prestigious award for the Nokia 808 PureView, Nokia likewise received more top awards at the GSMA Mobile World Congress 2012. Nokia was awarded Best Feature Phone for the Nokia C3-00; Tom’s Hardware Best of Show, Laptop Magazine’s Best Budget Smart-
phone, and Computer Active’s Best Windows Smartphone for the Nokia Lumia 610; and Computer Active’s Best Education Service Award for Nokia Mobile Education. Through these international recognitions, Nokia is inspired even more to step up its game and bring more innovative handsets to the public. Explained Dharmesh Goshalia, General Manager and Head of Sales of Nokia Philippines: “The Nokia C3-
00, introduced almost two years ago, continues to be a well-received product in the Philippines as it gives instant access to social networking sites such as Facebook and Twitter. Filipinos can look forward in the next couple of months to the Nokia Lumia 610, our most affordable Lumia smartphone and the Nokia 808 PureView, featuring a high-resolution 41 megapixel sensor and high-performance Carl Zeiss optics.”
PLDT...
SM group. SM Land is a unit of conglomerate SM Investments, which was first incorporated in 1960 as the holding company of the SM Group with interests in shopping mall development, retail merchandising, financial services, real estate development and tourism, as well as hotels and conventions.
For last year, SM Investments recorded a net income of P21.2 billion, 15% higher than the P18.4 billion it incurred two years ago, due to the strong performance of all its core businesses during the period. Consolidated revenues, on the other hand, amounted to P200.70 billion, 13% up from P177.2 billion in 2010.
ny to buy back all outstanding shares of its 10% cumulative convertible preferred stock. Mr. Espinosa said that 92.4% of those who are entitled to vote attended yesterday’s meeting. “Then, 97% of them voted in favor of the resolution...” he said. In a related development,
PLDT President Napoleon B. Nazareno said the company’s first quarter revenues have risen so far. “But the income is trending flat because the PLDT’s revenue is better than Digitel (Digital Telecommunications Philippines, Inc.),” he said, referring to the telco the firm acquired last year.
Amreco...
been “trying to manage an unmanageable situation.” The JCPC is tasked with oversight responsibilities on the implementation of the Epira. Osmena said, “The national reform policy on electricity, which was approved by Congress in 2001, was to harness the finances and management talents of the private sector in ensuring that the country would be supplied in a timely manner with dependable, quality and
reasonably priced power.” Osmeña said the staterun National Power Corp. (NPC) was bankrupt. “Its assets, if sold, could not cover its liabilities,” he said. “And there was no way it could depend on Congress to support NPC through annual appropriations in the National Budget given the needs of other line agencies like the Departments of Education, Health, Public Works, Defense, Police, etc.” “Inopportunely, the resi-
from page 3 industrial and 2 private distribution utilities. “I want all the contracts of Mindanao customers so that we can validate if other customers have also contract with diesel plants and we want to get a copy being the system operator,” added Dagooc. The NGCP officials agreed to write the NAPOCOR and
PSALM to produce the contracts with all Mindanao customers so the EC’s can validate if all have unexpired contract. “We want those who have no contract to be the first to be curtailed,” furthers stressed Dagooc. The participants in that meeting also voiced out the same appeal and asked the Aquino Administration anew to address the worsening power problem in Mindanao.
interconnection between Leyte and Surigao. But the energy demand studies made by the Department of En-
ergy showed that Mindanao would run short of power in about 10 years,” Osmeña added.
from page 4
device, have innovated the world today through its various uses – now serving as books, health monitors, payment transfer devices, social connectors and tour guides. This year’s theme also offered a glimpse into where mobile has the potential to go next. One of the highlights of the event was the Global Mobile Awards, which recognized the greatest, most creative and innovative products and services
Mall...
from page 4 SM Land, known as Shoemart, Inc. until late 2008, is into property management and construction, as well as commercial and office space leasing, and is the main holding company for non-mall, property-related subsidiaries and projects of the
Shortage... from page 1
additional capacity.” Meanwhile, the chairman of the Joint Congressional Power Commission (JCPC) endorsed the Department of Energy’s efforts to address the worsening power supply shortage in Mindanao. Sen. Serge Osmeña, chairman of the Senate Committee on Energy who also chairs the JCPC, said Energy Secretary Jose Almendras has
from page 4
interest of the beneficial trust fund is close to the interest of the company...” Mr. Pangilinan said. PLDT last year sought for the approval of its stockholders but the special meeting was cancelled because of lack of quorum. This prompted the compa-
dents of Mindanao, through their representatives, pushed for a 10-year exemption from the privatization program of the NPC-owned plants in Mindanao, notably the Agus-Pulangui hydropower complex which at that time supplied about 75 percent of the power needs of Mindanao at the lowest rate,” Osmeña said. “Even worse, the bicameral committee agreed to postpone the construction of the transmission line
Rodriguez
10 March 26-29, 2012 Plant... from page 1
by the San Miguel Corporation. Villanueva Mayor Juliette T. Uy and Dr. Norman C. Ramos, vice president and general manager of the feeds business, led loca government officials and executives of the company in yesterday’s groundbreaking ceremony held at Tagbalogo, Dayawan. Uy thanked the company for choosing Villanueva as its investment area. She said the San Miguel brand is highly known for its quality products and with this latest venture she has “become more optimistic of Villanueva’s future.” “Thank you for your confidence in investing in Villanueva,” she said to the company officials as she noted the aim of the town to become the industrial hub of Misamis Oriental. “We will support you,” she added. For his part, Ramos said the plant will provide employment to the community. He said they will be needing tons of locally grown corn and cassava. Some 200-300 personnel will be hired. Ramos said that when the plant is operational it will be capable of producing around 550,000 50-kilogram bags of feeds and that they will be in Villanueva “for the long run.” He added that they will be helping the community in poultry and pig raising in the agro-insutrial barangay. The grounbreaking ceremony was also graced by Vice Mayor Windelino J. Nalagon Sr. who welcomed the officials and guests. Nalagon joined Mayor Uy, Dr. Ramos, municipal councilors and company executives in the lowering of the time capsule.
With this development, Mayor Uy said the farmers of Villanueva will greatly benefit from the operations of the B-Meg plant. She noted that this would make a significant impact on the town’s poverty alleviation programs.
Blackouts... from page 1
implement rotating blackouts if the National Grid Corporation of the Philippines (NGCP) raises its curtailment level to 320 megawatts (MW). Based on its Web site, the NGCP announced that its curtailment level for Mindanao yesterday was at 261 MW. In a statement, the Aboitiz-led firm said that while it was able to hold off rotating blackouts for the last two months, it is having difficulty in proceeding with the arrangement should the supply be further reduced. “While other areas in Mindanao have reportedly been experiencing long duration of blackouts, Davao Light customers may only experience 30-minute rotating outages due to the reserve power supply that it has contracted from as part of its contingency plans to address power shortages,” it stated. Aside from its 40-MW standby diesel-fired power plant, the company has contracted the output of two sister firms, the 26-MW Hedcor Sibulan hydropower plant and four megawatts from Hedcor Tamugan hydropower plant. “Without the contracted power supply, customers would have been experiencing two to three hours of daily interruptions,” the company, through its spokesperson, Rossano C. Luga, pointed out. NGCP earlier said in a presentation in Cagayan
Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region OFFICE OF THE CLERK OF COURT EX-OFFICIO SHERIFF Tubod, Lanao del Norte NOTICE OF EXTRA-JUDICIAL SALE EJF No. 160-07 2012 Upon the Extra-Judicial Petition for Sale under Act. 3135/15, as amended, filed by the RURAL BANK OF KOLAMBUGAN, INC., Kolambugan, Lanao del Norte against DESAMPARADOS D. MADRAÑAL, P-3 Liangan Bacolod, Lanao del Norte, to satisfy the indebtedness which as of October 31, 2011 amounting to TWO HUNDRED NINE THOUSAND TWO HUNDRED EIGHTY SIX & 72/100 (Php 209,286.72) excluding penalties, changes, attorney’s fee and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at public auction on 9th May 2012 at 10:00 AM or soon thereafter at the Regional Trial Court, Branch 07, Poblacion, Tubod, Lanao del Norte, to the highest bidder for cash or manager’s check and in Philippine Currency, the following property with all its improvements, to wit: ORIGINAL CERTIFICATE OF TITLE NO. T-7626 “A parcel of land with all the improvements thereon, known as Plan of Psu-15, situated in the Barrio of Liangan West, Municipality of Bacolod, Province of Lanao del Norte, Island of Mindanao. Bounded on the SW, along line 12-1 caledoria (Psu-150664) : and along line 1-2 by Roque Jalon: on the NW., along line 2-3 Panguil Bay: on the NE., along line 3-4-5 by Feleciana Aranas; along line 5-6-7 Municipal Gov’t., of Kolambugan, along line 9-10-11 by Thomas S. Cabili (Psu-150-665) and along line 11-12 by Public land. Containing an area of TEN THOUSAND ONE HUNDRED SEVENTY SIX (10,176) SQUARE METERS, more or less. All points are marked on the ground by P.S Cyl. Conc. Mons. Registered in the name of Desamparados D. Madroñol under Original Certificate of Title No. P-7,626 and covered by Tax Declaration No.G-1100094.” “All sealed bids must be submitted to the undersigned on the above stated time and date. Tubod, Lanao del Norte, Philippines, this March 06, 2012
BWM: MARCH 12, 19, & 26, 2012
MisOr Today
BusinessWeek
MINDANAO
DENR turns over land data, maps to ManLuNa cluster By LINA D. CALVEZ, Contributor
MISAMIS Oriental -- The Department of Environment and Natural Resources, Region 10 (DENR 10) turned-over lot data and digitized maps to municipal officials of Manticao, Lugait and Naawan, known as ManLuNa cluster, Misamis Oriental last March 12. DENR Region 10 Execu- Galinato disclosed that the tive Director Corazon B. partnership between DENR
and these municipalities also best exemplifies intergovernment cooperation of the three municipalities. The project was aimed at establishing geographic information system or GIS in the ManLuNa cluster. Present during the turnover of lot data and digitized maps were Mayor Roberto
Lagrosas of Manticao, Mayor Jaime Roa of Naawan, and a representative of Mayor Wellie Lim of Lugait. It can be recalled that the DENR 10 and ManLuNa cluster signed a memorandum of agreement last year for the establishment of the GIS in their areas by sharing encoded data from DENR.
RDC targets 58 poor towns in NorMin other areas were likewise considered. National Economic Development Authority 10 (NEDA 10) Director Leon M. Dacanay, Jr explained that the RDC is responsible for the review, prioritization and endorsement of the investment programming and budgeting processes to the national government and multi-year sectoral investment programs
of the region for funding and implementation. Pilot agencies in the bottom up approach here in the region have presented today, during the RDC Full Council Meeting at the NEDA 10 office, their consolidated committee budgets for review and endorsement which has been reviewed by the RDC Secretariat based on the 2013 priorities.
The budget endorsements were aligned to President Aquino’s Social Contract and to the 16 areas of transformational leadership as reflected in the national/ regional development goals and targets, and strategies in the Philippine Development Plan and Regional Development Plan as well as the strategic action plan for Sendong-affected areas.
hours, faster than the twohour flight of Indonesian airlines that served the route in previous years. Mr. Baricuatro said the company that charters the flights, Ashnor Travel Agency, is evaluating whether it could increase the frequency to twice weekly. The first flight was launched on March 18, a Sunday. Our plan is to lure tourists [from Manado] so they can visit our tourist destinations in the city and nearby areas,” he said. Round-trip fare is currently pegged at $350. Manado, the main port city in North Sulawesi province, has economic and cultural links with southern Mindanao for centuries. Unlike most cities in from page 1 Indonesia, Manado is prethe trip in one and a half dominantly Christian with
some families sending their children to schools in this city or even as far as in Manila. The government of Indonesia maintains a consulate here since the 1960s. Indonesian Consul General Eko Hartono, who was on hand to send off the inaugural flight to Manado on Sunday welcomed efforts to resume regular flights between the two cities. In the past two Indonesian
airlines, Bouraq and Merpati, served the route on a weekly basis but eventually terminated their flights due to low passenger traffic. “I hope this will help strengthen the linkage between the two areas,” Mr. Hartono said. He said both the Philippine government and his government as well as private sector representatives must work together to sustain the flights.
By JORIE C. VALCORZA Contributor
MISAMIS Oriental -- Fiftyeight poor municipalities in Region 10 were prioritized in the Regional Development Council 10 (RDC 10) consolidated budget proposal for 2013. Budget allocations for existing programs, projects, and activities (PPAs) in de Oro that supply may be reduced by about 400 MW as some hydroelectric plants of the National Power Corp. will undergo preventive maintenance. For her part, Secretary Luwalhati R. Antonino, chairperson of the Mindanao Development Authority, asked the transmission company -- which operates the state-owned grid -- to explain the shortages in many parts of Mindanao considering that some of the hydroelectric plants were not running on full capacity. NGCP earlier explained that rotating blackouts could not be prevented as operating old plants on full capacity will result in further problems.
Route...
BODYFLEX MASSAGE THERAPY SERVICES (Cagayan de Oro, Butuan, Davao, Cebu, Camiguin, Iligan & Gingoog City)
Services Offered: Shiatsu, Swedish, & Sensual Massage. By: trained, & gorgeous male/ female massage therapist. HOME / HOTEL SERVICE ONLY #s: (088) 5886363/ 09061149906/ 09187958578 - REY
Republic of the Philippines Regional Trial Court of Misamis Oriental 10th Judicial Region Branch 38 Cagayan de Oro City IN RE: PETITION FOR THE APPROVAL OF DISTRIBUTION AND PARTITION OF THE ESTATE OF LATE ULYSSES SALCEDO,
SPEC. PROC. CASE NO. 2012-009
PRISCILLA V. SALCEDO, Petitiioner, -versusPEARL S. MILITANTE, EUNICE S. TUTOR AND FAITH S. REDONDO, Respondents. x---------------------------------------------------- / ORDER Finding the Petition for Approval of Distribution and Partition of the Estate of the Late Ulysses Salcedo to be sufficient in form and substance, the same is hereby set for hearing on April 16, 2012 at 8:30 o’clock in the morning at the Session Hall of this Court, on which date, time and place, all concerned may appear to contest the Petition. Let this Order be published in a newspaper of general circulation in the Province of Misamis Oriental once a week for three (3) consecutive weeks prior to the date of hearing. PRISCILLA V. SALCEDO, PEARL S. MILITANTE, EUNICE S. TUTOR and FAITH S. REDONDO are notified of this Order. SO ORDERED. 6 March 2012, Cagayan de Oro City.
FOR YOUR ADVERTISEMENTS PLACEMENTS CONTACT
(Sgd.) CONRADO V. HINGCO, JR. Sheriff IV BWM: Mar. 12, 19, & 26, 2012
(Sgd.) EMMANUEL P. PASAL Presiding Judge
Food& Food &Lifestyle
BusinessWeek MINDANAO
Cook something irresistible this Holy Week! FOr a week or so I’ve been wondering what would be the perfect meatless recipe to start the Lenten season. It should be delicious and sumptuous meals since ever y members of the family are present. My friends and I welcome this with gusto, because this is the only time where we could bond together. Doing Visita Iglesia means visiting different churches during holy Friday after our 14 stations of the cross. Last year, we
joined DMPI kawayanon’s community, for the first time, the father and sons even children were able to participate by carrying the cross and praying at the same time. After that everybody are invited sumptuous foods prepared by Del Monte Kawayanon restaurant. We would like to share to our readers some of our meat-less recipes, where you can add a twist to your favorite dishes with these
mouth-watering recipes. I know that kids are not LIFE & Leisure fond of eating tilapia. But why not trying the Fish n’ Chips tilapia for a change since the meat is so tender. The mildly spiced coating of Japanese breadcrumbs (you can buy it in grocery stores,) creates a delicious crunch that everyone love and dip it in sour cream mayonnaise. Recipe of sour cream included in RIZA O. ARES, HRM this issue. The kids will surely ask for more, and serving Lemon Fish, which you’ll never be wrong in is rich in omega 3.
March 26-29, 2012
HOTELS RESTAURANTS Pryce Plaza Hotel
Carmen Hill, CDO, Tel. No.722791 to93/858-4537 E-mail:reservaƟons@pryceplaza.ph
Hotel Koresco
Pueblo de Oro Golf Course,CDO, fax. No. [088] 858-9748
tel. Nos. 858-9748 to 54, E-mail:hotelkoresco@yahoo.com
Mallberry Suites
Limketkai Drive ,CDO, Tel. No. [088]854-3999 / 854-7999 E-mail:info@mallberrysuites.com
Dynasty Court Hotel
Tiano-Hayes Sts. CDO, Tel. No. 726876 / 726962 / 857-5410 E-mail:dynasty@philcom.ph
The Marigold Hotel
Mayonaise Sour Cream Dip
Velez cor. Luna Sts, CDO Tel Nos. 856-4320, 726937
Ingredients: 1 tub sour cream 2 tbsps. jalapeno pepper, very finely chopped (or substitute with long green finger chilis) 7 doves garlic, pureed 1/4 tsp. black pepper 1/4 tsp. white pepper dash of salt, to taste juice from 1 lime some chopped green onion leaves 1 roll Wrap Aluminum Foil
Marco Resort Tel. No. 732182 / 855-220
VIP Hotel
A.Velez St. CDO, Tel. No. 726080 / 726590 / 856-2505 E-mail: info@theviphotel.com.ph
Philtown Hotel
Makahambus-Velez St. CDO,Tel. No. 723089 / 856-1813
Procedure: Mix all together in a glass bowl and puree in food processor or blender till smooth. Must be chilled before serving in hand-formed baskets of Wrap Aluminum Foil. Top with chopped green onion leaves. Serve with fish stick and unsalted nachos or gabi chips or multigrain chips.
De Luxe Hotel
Capt. V. Roa St. CDO, Tel. No. 726527 /857-2144
Fish n’ Chips with Mayonaise Sauce
LEMON FISH
1/2 kilo fish fillet (tilapia or lapu-lapu) 1 tbsp catamansi juice 1/2 tsp of salt 1/2 tsp of pepper all-purpose flour (for dredging) or bread crumbs
Ingredients: 4 pieces fresh fish fillet, about 1(DO grams each) 1 lemon, with half of it sliced thinly. Leave other half whole for juice. 1 salad tomato, sliced thinly 1/2 tub of yogurt 2 tbsps. adobo seasoning powder 2 tbsps. olive oil 1/4 tsp. chili oil or 1 tbsp. hot sauce 1 roll Wrap Aluminum Foil
Wash fish fillets and slice into long strips. Season with calamansi juice, salt and pepper. Dredge in all-purpose flour or bread crumbs then dip in prepared batter. Deep fry in very hot oil then drain on paper napkins. Sprinkle Kraft 100% Grated Parmesan Cheese on fish. In the same oil, fry one 250g package of french fries. Drain on paper napkins. Serve. For the Mayonaise sauce: Mix all ingredients well. To garnish, sprinkle parsley on top.
Country Village Hotel
Southwinds Hotel
Capt. V. Roa Sts.CDO,Tel. No. 727623 / 724803 / 856-2036 E-mail:i_agudo@hotmail.com
Apple Tree Resort and Hotel
Taboc, Opol, Misamis Oriental, Tel. Nos. 754525/ 754263/ 3091986, Fax No. (8822) 754497 Batter: 1 cup all-purpose flour 1 tsp Calumet baking powder 1 whole egg 1 /2 cup ice cold water a pinch of ground pepper Sauce: 1cup Mayonaise 5 cloves of garlic (crushed) dash of pepper
1st Lower Level, Pryce Plaza, Carmenhill, Cagayan de Oro City
1st Lower Level, Pryce Plaza, Carmenhill, Cagayan de Oro City
1 ) TIN-AO AGUSAN, CAGAYAN DE ORO CITY 134,187 sq.m.
CLASSIFICATION
PRICE/SQ.M. PLUS VAT
Residential
350.00
Overlooking Macajalar Bay 2 ) CASINGLOT, TAGOLOAN, MIS. ORIENTAL 450,000 sq.m.
500.00
In-front Mindanao International Container Port
3 ) STA. ANA, TAGOLOAN, MIS. ORIENTAL 1,261,034 sq.m.
Limketkai,Drive,CDO Tel. No. 729111 / 856-2654 / 729455
Red Palm Inn
EVChaves Building, Capistrano corner Cruz Taal Sts. Cagayan de Oro City Tel. No. 721197 and 8562671 Cell No. 0908-885-5643 Email: redpalm_inn07@yahoo.com Cugman,CDO,Tel. No. 723929 / 855-2108 E-mail:chali_beach@yahoo.com
Nature Pensionne
RAW LAND FOR SALE LOCATION 1 ) TIN-AO AGUSAN, CAGAYAN DE ORO CITY 134,187 sq.m.
CLASSIFICATION
PRICE/SQ.M. PLUS VAT
Residential
350.00
Industrial
500.00
Agricultural
100.00
Overlooking Macajalar Bay Industrial
Pearlmont Inn
Chali Beach Resort
PRYCE CORPORATION
LOCATION
Grand City Hotel
Carmen, Cag. de Oro Tel. No. 71-22-03, 71-22-01, 7122-05
PRYCE CORPORATION
RAW LAND FOR SALE
Maxandrea Hotel
J.R. Borja St. CDO, Tel. No. 729943/ 857-2244 / 857-4154 A.Velez- Sts. CDO Tel. No. 723551 / 723658 / 857-1900
100% Grated Parmesan Cheese or grated Cheddar Cheese 1 250g frozen french fries
Procedure: Form sheets of Wrap Aluminum Foil into uniform boat sizes, enough to contain the fish fillets and toppings. Arrange the fish fillet, topped with one slice each of lemon and tomato. Combine yogurt and adobo seasoning powder. Pour generously over each serving. Then put a dash of olive oil and hot sauce. Seal with foil and bake on 350 degrees F till just done, about 15-13 minutes. Serve immediately.
11
2 ) CASINGLOT, TAGOLOAN, MIS. ORIENTAL 450,000 sq.m.
Toribio Chavez Sts., CDO Tel. No. 723598 / 723718 / 857-2274
NEW DAWN PENSIONNE Velez-Macahambus Sts, CDO Tel Nos. 8571776, 721776 email : gchreservaƟon@yahoo.com
Malasag Eco Tourism Villages Cugman, CDO Tel. No.855-6183 [088]309-3752
In-front Mindanao International Container Port
Agricultural
100.00
3 ) STA. ANA, TAGOLOAN, MIS. ORIENTAL 1,261,034 sq.m.
Along Provincial Road to Malitbog, Bukidnon
Along Provincial Road to Malitbog, Bukidnon
DAR exempted
DAR exempted
from page 1
4 ) JASAAN, MISAMIS ORIENTAL 30,832 sq.m. Beside Pilipinas Kao, Inc.
Industrial
1,000.00
4 ) JASAAN, MISAMIS ORIENTAL 30,832 sq.m. Beside Pilipinas Kao, Inc.
Industrial
1,000.00
5 ) BUGO, CAGAYAN DE ORO CITY 305,460 sq.m. Overlooking Macajalar Bay
Residential
250.00
5 ) BUGO, CAGAYAN DE ORO CITY 305,460 sq.m. Overlooking Macajalar Bay
Residential
250.00
6 ) BUGO, CAGAYAN DE ORO CITY 50,000 sq.m. Beside Villa Trinitas Subd.
Agricultural
250.00
6 ) BUGO, CAGAYAN DE ORO CITY 50,000 sq.m. Beside Villa Trinitas Subd.
Agricultural
250.00
8 ) PINAMALOY, DON CARLOS, BUKIDNON 31,214 sq.m. Along the Highway. With approved DP for memorial park.
Residential
500.00
8 ) PINAMALOY, DON CARLOS, BUKIDNON 31,214 sq.m. Along the Highway. With approved DP for memorial park.
Residential
500.00
Look for MR. CINCO/ MS. PODADOR. / MR. PILAPIL (088)857-2575; 858-5874; 0922-8759589; 0922-8363419 ; 0917-7934542
Relief...
Look for MR. CINCO/ MS. PODADOR. / MR. PILAPIL (088)857-2575; 858-5874; 0922-8759589; 0922-8363419 ; 0917-7934542
BSP to declare moratorium on amortizations falling due within six months from the occurrence of Sendong for business, consumer, home, and loans to large enterprises. Director Fule said affected micro, small, and medium enterprisess and corporations have to apply with their respective universal, commercial, and savings banks for the moratorium to take effect. As approved by the monetary board, the temporary relief measure that will benefit the bank cus-
tomers is the exclusion of existing loans of borrowers in affected areas from the computation of past due ratios provided these loans are restructured or given relief by the banks. In this regard, Fule said it is the sole discretion of the banks concerned to grant relief to affected borrowers in the form of moratorium without penalty on monthly payments upon their filing of application within the prescribed period. The BSP, on one hand, interposes no objection provided that they adopt appropriate and prudent operational controls, said Fule.
12 March 26-29, 2012
Property
BusinessWeek
Camella: Building the Filipino Dream
C
AMELLA with 37 years of experience, is a trusted name in providing affordable housing in the Philippines. Since its inception in the 70’s under C&P Homes, Camella has expanded to 28 different provinces nationwide. It continues to be a beacon of hope for Filipinos—helping them fulfill their dreams of owning a home.
More than constructing houses, the company creates the spaces where lives are lived. Where individuals shape their aspirations and families shape their futures. Camella’s firm belief is that it builds not just a house but a home—and as such, the creation of a perfect environment for families is top priority. Camella has always been committed to touching Filipino lives and helping achieve their dreams. Recently, Camella homebuyers shared their stories of how fulfilled
they are in living out their dream in their dream home. Theirs are just some of the many heartwarming and inspiring experiences of more than 250,000 Camella homebuyers across the country. Camella’s promise Camella will continue to put the Philippines under one roof, especially going where families of overseas workers are. This is its own way of paying tribute to the country’s modern-day heroes. Camella understands their need to provide their families a peaceful and safe
community while they are away from their loved ones. In the heart of the homebuyer, Camella is the fulfillment of hopes and dreams, where life is lived each moment, each day. Here, the husband and wife come home to this haven, and raise their children in comfort, love and security. Here, they recharge, revitalize and thrive. Here, they develop relations that last a lifetime. Here, they commune with nature and appreciate its blessings. Here, they build lasting memories. Here, they belong to communities. These are what make Camella the home brand of choice for the Filipino family. Camella have redefined home development in the Philippines. After 37 years, its communities are now the benchmark for master-planned subdivi-
sions and are known for expanding the boundaries of what comprise an ideal home for the Filipino. The themed homes and communities are exacting and true to each motif. Beyond the authenticity, Camella’s homes feature outstanding
aesthetic design and quality, and are blueprinted with a fully-honed ability to maximize space, melding absolute functionality, practicality and artistry—dreams that have been turned into reality. Visit www.camella.com. ph for more information or
call 584-1182 or 0917-8576494 for Direct Marketing; 531-3486 loc. 101 (Camella North Luzon Main office); 772-1096 (Camella Mega Manila-Alabang office); (032) 234-6034 (Camella Cebu); and (082) 222-0963 (Camella Davao).
Property, steel, animation units drag down Phinma profits PHINMA CORP. posted on Friday a steep profit drop for 2011 on weakened performance of its steel, property and animation businesses. The holding firm said it realized a consolidated net income of P57.5 million last year, 91.02% lower than the P640 million earned in 2010, a
disclosure to the local bourse showed. “The year 2011 was a year of challenges in the face of a slowdown in the world economy from continued uncertainty in the United States, Europe, and the Middle East,” Phinma said. Consolidated revenues rose by only 3% to P3.9
billion from P3.8 billion two years ago, mostly due to weaker demand for steel, the company noted. Steel roofing subsidiar y Union Galvasteel Corp. saw its 2011 net income decline to P107.9 million last year from P202 million in 2010 reportedly due to a construction slowdown amid
poor weather and the delay in the implementation of government infrastructure programs. Phinma’s cartoon arm One Animate, Ltd. for its part widened its net loss to P97.1 million last year. “The slowdown in the global economy dampened demand from international clients and
the company experienced birth pains from its expansion into more complex computer-generated imagery (CGI) projects,” Phinma explained. “O ne Animate has since instituted measures to better manage client relationships and improve CGI capabilities to control costs and margins,”
it said. D e velop er Phinma Property Holdings Corp. similarly posted a 47.09% decrease in its net income to P70.9 million from P134 million in 2010 due to conservative loan value appraisals and longer loan approval cycles from the Home Development Mutual Fund.