MAY 25,2012 BUSINESWEEK MINDANAO

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www.businessweekmindanao.com Issue No. 75, Volume III • May 25-27, 2012

Market Indicators

AS OF 6:19 P.M., MAY 24, 2012 (Thursday)

FOREX

PHISIX

US$1 = P43.75

4,904.22 points

;

24.31 points

;

31 cents

Briefly Water project

BUTUAN City -- The Department of Agrarian Reform (DAR) of Agusan del Norte through Agrarian Reform Infrastructure Support Project Phase 3 (DARARISP3) on Tuesday handed over a potable water system (PWS) Level II project worth more than P6 million that is serving some 344 households in Barangay San Antonio, R.T. Romualdez, Agusan del Norte.

According to DAR ARISP III Project Engineer Ernesto Gatab the Potable Water Supply (PWS) Level II System acquired its source from a spring using an intake box that consistently distribute water all the way to 62 common faucets servicing about five to 10 households per communal faucet.

RTR municipal agrarian reform officer Virginia Batosalem said, “About 1,958 residents from 344 households are currently benefiting from the said project.

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Tribal group enjoys own power

By BONG FABE, Correspondent MALAYBALAY City -- As the debate rages on, with Mindanawans urging Manila for a nononsense data to support its claim of a power crisis in the southern Philippine island while Manila insistent on privatizing two major power source to stem the alleged power shortage in the island, a tribal community in the mountains of Mindanao’s heartland Bukidnon is enjoying a crisis-free source of power and potable water for years now.

Sourced from a small free-flowing stream that f lows directly from the mighty Pulangi

River, the mini-hydro power plant installed by the Environmental Science for Social Change (ESSC) is producing 10 KWs of electricity — just enough for the basic lighting needs of the 50 Pulangiyen households in Sitio Bendum in Barangay Busdi here. The ESSC spent about P1.5 million to have the mini-hydro power plant installed two years ago.

The same stream also provides ice-cold potable water to the tribe for the last 15 years already.

Again thanks to the ESSC, which installed the P100,000-spring box to pump water from the stream to the households.

POWER/PAGE 10

WATER CATCHMENT. Eric “Popoy” Bruno, ESSC program director, points to the small water catchment they build to channel water from a small stream to a small mini dam to power the mini-hydro power plant that produces 10 KWs of electricity. Photo by Bong D. Fabe

Robinsons to build mall, budget hotel in Butuan

By MELANIE RIVERA Staff Member

S

HOWING enormous confidence in the region’s economy, developer Robinsons Land Corp. is set to expand its presence in Mindanao in two years by building a mall and budget hotel in Butuan City.

Banana coops

SOME banana-based cooperatives are now going organic with the growing health consciousness of its overseas consumers.

Roseller M. Adlawan, training coordinator of the Foundation for Agrarian Reform Cooperatives in Mindanao (FARM-Coop) bared the organic ventures of FARM-Coop, which he said is now in the process of introducing organic farming among its 21 members which are primary agrarian reform beneficiary cooperatives.

“Eventually (our) synthetic farms will be converted into organic or low dose (of farm chemicals),” he added.

“The market is getting health-conscious. There might come a time when nobody would be eating syntheticallyproduced bananas,” he said in explaining the need for FARMCoop members to prepare for that scenario.

P15.00

ANIMAL HEALTH CLINIC. A girl carries her goat during the animal health clinic at the village of Tapnigue in Buenavista, Agusan del Norte. The village lies at the foot of the historic Mayapay range which historians have regarded the mountain as the source of soil and silts that covers the swamps of the whole Butuan delta million years ago. Photo by Jun Ayensa

In a press statement released on Wednesday, the Gokongwei-led firm announced that it beefing up its portfolio in southern Philippines through Robinsons Place Butuan and GoHotels. ph Butuan, both of which are expected to open in the third quarter of 2013.

Upon completion, the two developments will have a total combined gross f loor area of 45,300 square meters, Robinsons Land said.

“Butuan is a progressive city that is increasingly becoming the commercial and business hub of northeastern Mindanao. We are glad to be part of its development through this project,” said Arlene G. Magtibay, Robinsons Land commercial centers division general manager.

The mall will rise on a property on J.C. Aquino Avenue in Barangay Bayanihan and will feature shops, restaurants, and four cinemas--including Agusan del Norte province’s first 3-D (three-dimensional) film theater--and main anchors Robinsons Supermarket, Robinsons Department Store, Handyman, Robinsons Appliances, BUTUAN/PAGE 10

WB: Natural gas Italpinas links with Globalland viable for Mindanao for Property Management

By IRENE DOMINGO Reporter A WORLD Bank (WB) study has indicated the use of natu-

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ral gas could help address the power supply woes in Mindanao, said Energy Undersecretary Jose Layug Jr. The energy official told reporters in an interview Thursday they have presented the results of the WB study that showed the potential of natural gas in Mindanao.

During the presentation, Layug said, they talked to industries about their power needs and demand profile in the next five years.

Layug said they will study carefully the cost efficiency VIABLE/PAGE 9

Italpinas Euroasian Design and Eco-Development Corporation has signed a property management Memorandum of Agreement with Globalland Property Management Inc. for its Primavera Residences green condominium project in Cagayan de Oro City.

“The MOA was signed

by Globalland’s General Manager Antonio “Bong” T. Molina last May 11 and will take effect May 16, 2012,” said Ms. Andi C. Ramos, vice president for ITALPINAS/PAGE 4

.Ms. Aurea S. Viray – Globalland Operations Head, Visayas-Mindanao Division; Andi Ramos, VP-Operations Italpinas and Globalland’s General Manager Bong T. Molina during the Primavera Residences Investors Night last December 2011

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May 25-27, 2012

Economy

BusinessWeek

MINDANAO

MinDA, USAID sign agreement on peace and dev’t

By DANILO E. DOGUILES Contributor KORONADAL City-- Affirming its support to the peace a nd development initiatives in Mindanao, the US government, through the United States Agency for International Development (USAID), recently signed a bilateral assistance agreement with the Mindanao Development Aut hor it y (MinDA) for the implementation of its major activities in Mindanao.

T h e a g r e e m e nt w a s signed by USAID Deputy Ad m i n i s t r a t or D on a ld Steinberg, USA ID Phi lippines Mission Director Gloria Steele, and MinDA C ha i r pers on Luwa l hat i Antonino.

“This bilateral signing comes at an opportune time as we all gear up for an accelerated implementation of major peace and development initiatives in Mindanao,” Antonino said.

A cumulative amount of $127.7 million is allocated

through the agreement to strengthen the Mindanao Peace and Development Program (MPAD) implemented in six conflict-affected areas in Mindanao: Cotabato City, Isabela City, Zamboanga City, Marawi City, Jolo, and Southern Basilan.

MPAD, a USAID grant assistance currently under the oversight of MinDA, aims to promote economic grow th in the identified areas through expansion of economic opportunities, infrastructure development,

improvement in governance and social services.

Antoniono said that the USAID-MinDA partnership has been one of the most formidable tandems in the sphere of collaboration between the Philippine government and off icia l development assistance.

Some of the MPAD projects under the oversight of MinDA are Growth with Equity in Mindanao Program, Microenterprise Access to Banking Services, Transparent and Accountable Governance Project, Barangay Justice Service System Project, and Credit Union Empowerment and Strengthening Project.

Ba ra ngay Ju st ice for Peace Project and CUES

ended in Februar y 2010 and December 2011, respectively, while the three other ongoing projects will all close in September 2012.

Bi latera l ag reement s were also signed between t he USAID and t he Department of Health. The allocated funds will be used for the implementation of universal health care and family health programs.

These assistance agreements are inline with the priorities outlined in President Benig no Aqu ino’s Social Contract with the Filipino People as well as with the Mindanao 2020 Peace a nd Development Framework Plan and the Philippine Development Plan.

“This partnership strongly supports the implementation of programs that promote inclusive growth in the Philippines under the Partnership for Growth (PFG),” Steinberg said.

PFG is a par tnership between the governments of US and Philippines, which is seen to fast track the reforms of growth centers in various localities including in Mindanao, and provide remote and conflict-affected areas with more opportunities for growth.

“It’s not just about economics or governance. It is mainly about the (Filipino) people,” stressed Steinberg.

Philippines is one of the only four countries identified to be part of the PFG.

Davao region reaches 43% of 2012's investment goal in Q1

By RUDOLF IAN G. ALAMA Contributor

DAVAO City -- The Davao Region (Region XI) registered P3.6 billion worth of investments in the first quarter of 2012.

Department of Trade and Industry-XI regional director Marizon Loreto said that the investments accounted for about 43% of the 2012 investment target of P8.4 billion.

If the amount of investments were sustained in the next three quarters it could surpass the 2011 investment figure for the Davao Region (Region XI) which registered P10.9 billion, she added.

Much of the investments were centered in Davao City

and poured on property development, resorts, hotels and restaurants. In other provinces investments were geared towards agri-business.

Loreto credited the region’s favorable investment climate for this accomplishment, adding that the goals were not of DTI’s sole doing but also of the local government and the private sector.

She also said that the launching of the the Business Permits and Licensing System which cuts down business processing time to as early as 12 minutes has encouraged businessmen to venture into businesses in the region. BPLS enacts a standard that limits the processing time in which local governments would

issue business permits to a maximum of 10 days from the date of the submission of the application form.

Loreto said that many local governments are interested in implementing BPLS, among these include Davao City which has declared it as a priority program of the City Government.

Other initiatives undertaken in conjunction with the Board of Investments is the pursuit of CEO dialogues where the DTI and BOI meet with chief executive officers (CEOs) of companies to discuss plans and business expansions. Among those tackled in the CEO discussion is the possible government interventions these businesses would need.

DepEd readies teachers for K -12

By JORIE C. VALCORZA preparations for the new curriculum.

Contributor The Department of EdA L L te achers w ho w i l l ucation (DepEd) is now receive the first batch of holding massive trainings Kindergarten to Grade 12 this summer, specifically (K-12) students this June, for Grade I and Grade VII are undergoing necessary teachers.

I n t he reg ion a lone , some 7,413 Grade I teachers and another 3,331 teachers to handle the Grade VII students, including those from the private schools are currently undergoing trainings, this month, to prepa re t hem for g rade levels curriculum.

Ident i f ied t ra i n i ng centers here in Northern Mindanao for the Grade VII level will be with their pa r t ner Teacher Education Institutions (TEIs), to include Xavier University (XU), Liceo de Cagayan Un iversit y, a nd Capitol University, while the Grade I level trainers training will take place at the different division’s training centers.

DepEd 10 Regional Information Officer Medarda B. Gallarrita said that the mass training will facilitate adjustments for the grade levels under the new curriculum.

The K-12 model involves Kindergarten, six years of elementary education, four years of junior high school (Grades 7-10) and two years of senior high school.

BusinessWeek

MINDANAO

Companies

Shipping firm 2GO Group reports another loss in Q1 L O G I S T IC S F I R M 2 G O Group, Inc., formerly ATS Consolidated, Inc. of t he Aboitiz camp, posted another net loss in the first quar ter as f uel costs and chartering expenses eroded gains.

Despite higher revenues, the company still recorded a P213.22-million net loss versus a P228.23-mi l lion deficit in the same period last year.

2GO booked P3.27 billion in consolidated revenues, up 5.83% from P3.09 million in the same period last year.

“The shipping business contributed P2.3 billion in the total revenues while supply chain added P1 billion,” the disclosure said.

“The local freight business of 2GO Group realized a 14% or P19 0. 2 m i l l ion increase in revenues versus last year due to the combined increases in volumes and average price,” the disclosure added.

T he s t rong re venue s , however, were offset by the higher consolidated cost and expenses that stood at P3.48 billion, 4.82% higher than last year’s P3.32 billion.

This, as operating expenses grew by more than a quarter to P2.50 billion from last year’s P1.98 billion.

“O p er at i ng e x p en s e s , w h ich consi st la rgely of vessel-related costs jumped

27% or P525.9 million compared last year on account of h ig her f uel cost s a nd chartering expenses,” the disclosure read.

Fuel costs had amounted to P1.1 billion in 2012 period against P748.9 million last year, it noted.

Last mont h, t he company said it subscribed 12.5 million shares at P1 apiece in its subsidiary NN-ATS L og ist ics Ma nagement & Holdings Co., Inc. Regulator y documents showed that NN-ATS Logistics Management, a subsidiary of 2GO Group, was incorporated in November last year and has an author i z ed capita l stock of 50 million shares.

Last March, 2GO Group bagged the approval of the Sec u r it ies a nd E xcha nge

Commission to change its name from ATS Consolidated.

The change in corporate name comes after its former rival Negros Navigation Co., Inc. bought t he company from the Aboitiz family in 2010 for P4.28 billion, according to earlier reports.

Aboitiz Equity Ventures, Inc. has instead diversified into power generation. The cong lomerate repor ted a 27% jump in its income for the first quarter over yearago levels as its core power business pulled off higher electricit y sa les whi le its banking arm enjoyed a profit surge on trading gains.

2GO, for its pa r t, has been aggressively marketing routes to tourist destinations including one between Batangas and Boracay.

May 25-27, 2012

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May 25-27, 2012

Companies

BusinessWeek

MINDANAO

Chowking opens first Airphil Express execs restaurant in Oman ransfer to Zest Air FILIPINOS in Oman can now have a taste of home with the opening of a branch of Chowking.

The new Chowking restaurant is at the Qurum City Centre in the city of Muscat, the Department of Foreign Affairs said in a news release.

“After the formal opening ceremony, eager Filipino patrons, who waited in long

queues for a taste of home, f locked (into) the store,” according to the DFA. Ph i l ippi ne Cha rge d’Affaires Jose Garcia III and Chowking Oman owner Ahmed Husain Lasir led the ribbon-cutting ceremonies over the weekend.

Chowking Oman General Manager Bunny Malik informed Garcia that the opening of a second store

in Muscat is being eyed, the DFA also said.

The DFA added that the operation of the first Jollibee restaurant in Oman is also being considered.

In a disclosure last May 15, Jollibee Foods Corp. said that as of March 31, it had 509 stores overseas, including 40 Chowking restaurants.

It said Chowking has 17 in Dubai and two in Qatar.

Travel magazine lists Jollibee among the world’s best fast-food chains TOURISTS who want a taste of the Philippines will be spoiled for choice, with tasty dishes from adobo to pinikpikan. But for the busy traveler, perhaps a meal of Chickenjoy or palabok will do just the trick.

Filipino fast-food chain Jollibee is one of the best in the world, according to Travel and Leisure’s list of the best chains to sample

when you’re on the go.

“Fast food may conjure up those ubiquitous Golden Arches, but the concept has come a long way from frozen burgers and soggy fries,” writes Jamie Feldmar for the international travel magazine.

The list released in May 2012 includes maritimethemed chain Nordsee in Germany, noodle chain Mr.

Lee in China, and street snack chain Old Chang Kee in Singapore.

At Jollibee, fast food gets a Filipino twist—the burgers come with a sweet, creamy sauce and the spaghetti comes with hotdogs. But it’s the fried chicken and local noodle dish that star in Travel and Leisure’s list.

“There are more than 700 TRAVEL/PAGE 10

Ayala Land partners with Rustan’s retail unit LEADING property developer Ayala Land Inc. (ALI) is partnering with a unit of the Rustan group of companies to pursue opportunities in the retail sector.

In a disclosure to the stock exchange, ALI said it entered into a joint venture agreement with Specialty

Investments Inc. (SII), a subsidiary of retail company Stores Specialists Inc. which is part of the Rustan group.

“The partnership with SII will enable ALI to support its mixed-use developments and at the same time, grow its recurring income portfolio,” the company said.

Stores Specialists is one of the largest retail companies in the country. It has exclusive rights to sell and distribute a range of luxury and upmarket brands such as Zara, Calvin Klein Jeans, Cartier, Gucci, Gap, Burberry, Marks & Spencer, Lacoste, Prada and Nine West.

FOUR top executives of Air Philippines Corp., operator of Airphil Express airline, quit their jobs and are now work ing for riva l budget airline Zest Airways Inc. Former Airphil Express Senior Vice President for Sales and Marketing Alfredo Herrera, in an interview, said he was appointed by Zest Air owner Alfredo Yao as the airline’s new chief marketing and sales officer. Yao is also president and chief executive officer of Zest Air. “We had a good talk and we transferred to Zest Air [on] April 16,” said Herrera. By “we,” he was referring to the other executives of Airphil Express who are now with Zest Air. These are Brian Hogan as the airline’s executive adviser; Steve Allen, chief commercial adviser; and Rick Laig, chief financial officer.

“They used to hold the same posts when they were still with Airphil Express.

When we jumped over to Zest Air we maintained our old positions,” said Herrera.

He added that one more executive is also expected to move to Zest Air soon.

“Four of the five members of the execom have transferred with Zest Air,” Herrera pointed out.

Airphil Express is the low-cost carrier unit of Philippine Airlines (PAL), which recently transferred management control over to its new president, businessman Ramon S. Ang. Changes are reportedly being undertaken within the PAL setup.

With new people on board Zest Air, a relaunch is said to be in the offing. “We will spread the wings of Zest Air very soon. We are gearing up

Italpinas... from page 1

of Italpinas. Now Primavera Residences unit owners have the option to choose a professional and cost-effective approach to property management freeing them of any concerns involved in personally attending to their property investment.”

Globalland is 100% owned Filipino company and was established in 1999. GPMI is one of the country’s fastest growing prop er t y management groups and oversees over 1.5 million square meters of properties in over 135 residential and commercial projects in Metro Manila and throughout the Philippines.

Ms. Ramos said GPSMI’s professional property management team includes Mr. Molina as GM, Ms. Aurea S. Viray – Operations Head, Visayas-Mindanao Division; and Engr. Danilo San Pedro as the property management manager for Cagayan de Oro. “The GPMI team will

to be a better airline. Exciting things will be announced,” said Herrera, adding that the Zest Air brand will be retained.

The company recent ly launched its first direct flights to Jinjiang and Quanzhou in China from Manila.

The two-and-a-half flight leaves Manila for Quanzhou at 9:10 a.m. while the return f light leaves at 2 p.m.

“The fruits of our hard work to operate Zest Air’s first direct international f light from Manila are now finally ready for the harvest,” Yao said in a statement.

Yao said Zest Air is considering mounting a direct f light to the Middle East.

He said a lot of Filipinos await direct f lights to the Middle East owing to the huge number of overseas Filipino workers there.

Zest Air will also mount a direct flight to Shanghai on June 22 using an Airbus A320, which seats 180 passengers.

Yao is encouraging businessmen to visit Shanghai at this time of the year, when the peak season is over, and prices are lower. Zest Air will f ly direct from Manila to Shanghai five times weekly every Monday, Wednesday,

Thursday, Friday and Saturdays. Departure time is 8:10 p.m., except Saturdays when departure is an hour earlier at 7 p.m. Flying time is three and a half hours.

More direct international flights from Manila are scheduled this year Kuala Lumpur, Malaysia; Shanghai, China; and Incheon, Korea. It will a lso resume its f lights to Hong Kong and will open a new Singapore route, using an A320 and will be operated three times a week on Tuesdays, Thursdays and Saturdays or even more frequent, depending on market demands.

Zest Air already mounts flights to Incheon and Pusan in South Korea, Shanghai and Beijing in China and Taipei, Taiwan, from the Kalibo or Cebu International airports.

The company presently f lies to 19 domestic destinations—Boracay via Kalibo, Bacolod, Busuanga, Calbayog, Cagayan de Oro, Catarman, Cebu, Davao, Iloilo, Legazpi, Manila, Masbate, Marinduque, P uer to Pr i nce s a , San Jose (Mindoro), Tablas, Tacloban, Tagbilaran and Virac, and six international destinations. It has a current f leet of 14 aircraft.

be in Cagayan de Oro from May 22 for the pre-operational work, “Ms. Ramos added.

During a presentation made last December during the Primavera Residences Investors Night, Mr. Molina said Globalland provides integrated property management services with a full menu of solutions for every conceivable property management need: project management, building information systems, housekeeping, landscaping; tenant management, leasing services; financial and legal management.

“Your investment and property is an important asset that deserves the best management,” Mr. Molina said. “Globalland recognizes the specific needs of investors and offers professional leasing management services to ease the burden of managing the rental property and tenant-related concerns.”

“Our staff provides you with quality work and handles documentation, inquiries, appointments, tenant requests for infor-

mation, rental collection, evictions, repair and maintenance supervision, and other necessary services,” he added.

Mr. Molina explained owning a property investment involves much more than simply collecting rents.

“Reliable and unparalleled service to you and your properties is our top priority. A professional property management company brings a standard to the industry that addresses the needs of both the owner and tenant. With personalized consultation, timely communications, and attention to detail, the result is an ownership experience that is stress free. In short, Globalland can help you make the most from your rental property and save you time.”

Chairman Jose P. Leviste, Jr. and Mr. Romolo V. Nati, the President & CEO of ITALPINAS, owner and developer of Primavera Residences expressed their satisfaction in partnering with Globalland and assure unit investors they are in good hands.

BusinessWeek

MINDANAO

Banking / Finance

Insular Life nets P3B LARGEST Filipino life insurer, Insular Life, reported an all-time high consolidated net income of P2.9 billion in 2011, solidifying its position as one of the most profitable life insurance companies in the country. The 12 percent growth in net income was the result of higher premiums and sustained strong investments in 2011.

The company also posted P15.5 billion in consolidated revenues, of which net insurance revenues contributed more than half, and the rest came from investment income, equity in net earnings of associates, and rental income from various real property holdings.

At the recent Annual Members’ meeting of the company, Insular Chairman of the Board and CEO Vicente R. Ayllon underscored the company’s consistent track record in the last five years.

“The fact that Insular Life has been able to consistently grow its bottom line above the P2 billion mark in the past five years amid an unpredictable and economically turbulent environment is a solid proof of our determination and focus on delivering on our strategic priorities.”

Ayllon said that among the company’s priorities are developing customercentric products as well as responsive customer service initiatives, both addressing the different needs and

expectations of individuals at different life stages. Five new products were launched in the market in 2011 – a limited-pay health insurance plan, a single-pay variable unit-linked insurance plan, a limited-pay endowment plan and a limited pay anticipated plan. Insular Life has also invested heavily in its branded customer service program called “Magandang Araw Insular,” revolutionizing the way it connects with its stakeholders. Through its web-based i-Eagle Customer Portal, customers may now directly access policy information and pay premiums online. Customers may also use online personal direct connectivity with i-Chat.

He also attributed the company’s grow th to its increasing number of productive sales force which grew by eight percent to over 2,200 licensed agents. The agency distribution channel as well as other distribution partnerships generated new business premiums amounting to P3.6 billion, up by 12 percent, while total premiums reached P7.6 million up by 4 percent.

Consolidated assets grew 12 percent to P80.5 billion from P72.0 billion in 2010.

Members’ equity increased by 20 percent to P20.7 billion from P17.2 billion.

“The company has always maintained a INSULAR/PAGE 9

May 25-27, 2012

5

BPI plans entry into SME agribiz lending business THE COUNTRY’s second largest lender, Bank of the Philippine Islands (BPI), is looking at extending loans to small- and medium-sized agribusinesses and is seeking the help of the World Bank’s private sector investment arm, International Finance Corp. (IFC), to gain competence in this arena.

“These are early days, but we are looking at expanding our collaboration with the IFC, and one area we are looking at is the agribusiness space,” said Alfonso L. Salcedo, Jr., BPI executive vice president and corporate banking group, after the signing of a grant agreement with the IFC on Wednesday.

BPI and the IFC are presently partners in a program that extends loans to smalland medium-sized firms

undertaking clean energy and energy efficiency projects. IFC extends investment advisory services and guarantees part of the loans given by BPI. The two yesterday signed the agreement covering the $1.24-million grant that BPI won as one of the global winners of the IFC-administered G-20 SME Finance Challenge.

For the agricultural loans program, Mr. Salcedo said BPI may ask IFC to give investment advisory or enter into a risk sharing arrangement.

“We can do agri-related loans but we don’t have the level of comfort for lending because we do not have the expertise in lending to the agri space. With the expansion of our partnership with the IFC, could get into that

space,” Mr. Salcedo added.

BPI’s outstanding loans to the agriculture sector presently totals to just around P10 billion.

“We lend through cooperatives and to end-users at present. End-users are the owners of feedmills, factories and distributors, among others,” Nanette A. Biason, BPI assistant vice president, said at the sidelines of the same event.

“We don’t have direct lending to farmers, we use cooperatives as our conduits to small farmers,” she added.

For his part, Jesse O. Ang, IFC resident representative to the Philippines, said: “We are a tropical country so we can grow a lot of [crops] here.

And we have a lot of issues to deal with such as the AgriAgra Law. We also need to

support the farmers with knowledge and financing.”

“What we would like to do is to look into the agribusiness space, primarily on the advisory side... We have people who understand agri financing,” he added.

Republic Act 10000 or the Agri-Agra Reform Credit Act of 2009 orders banks to set aside at least 25% of their total loanable funds for agriculture and agrarian reform.

BPI President Aurelio R. Montinola III, at the sidelines of the signing ceremonies said: “We have an interest in the agriculture sector... but BPI tends to cautiously go into the sector because there is unfamiliarity. That is why we are seeking the help, particularly investment BUSINESS/PAGE 9

BSP sees inflation easing in May INFLATION could have eased in May due to lower crude oil, utility and transport prices, according to the central bank.

Bangko Sentral ng Pilipinas Governor Amando M. Tetangco, Jr., in a text message to reporters this morning,

gave a forecast of a 2.5% to 3.4% rise in consumer prices this month.

He said, “Inflation could be lower than that of the previous month if the impact of lower international crude prices and lower transport and utility rates has off set

price increases in some fruits and vegetables.”

Inflation, or the increase in the price of goods and services, climbed to 3% in April from 2.6% in March.

Official May inflation data would be released on June 5.

Mr. Tetangco said the

central bank still saw average inflation for the year falling within its 3% to 5% target but remained wary of external developments that would compromise this.

“We will make adjustments to the policy stance as and when necessary,” he said.

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Opinion

May 25-27, 2012

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BusinessWeek MINDANAO

Create Your Own Luck THINK a minute.

Do you know some people who just have all the luck? They seem to get all the breaks. And you ask yourself: “Why don’t I get lucky? Why don’t I get a great education? A great job or business? A nice house? A wonderful wife or husband?”

But the real reason most people are successful or lucky is that they’ve learned how to put themselves in a place so they can be lucky. They’ve learned how to, in a way, create their own luck!

I’m not talking about dishonest or illegal ways. I’m talking about hard, honest work.

But successful people don’t just work hard, they also work smart. They keep improving

had done much of the work.

He was never satisfied just to get by and do average work. He always made the extra effort to do his very best. He kept working hard when others slacked off.

We have to work hard and do what it takes to be in the way of luck and success when it comes. Otherwise, we’ll miss it because we weren’t ready. You never know when the right opportunity will come your way, and when the right, important person is watching your excellent attitude and work. That’s when you’ll get your lucky break! But when you put your life in Jesus Christ’s hands, the right, important Person

is always watching you and all that you do. Then He will reward and bless your life in many ways as you do your very best to please Him in everything everyday.

Just think a minute.

Feliz Viaje to the City of Dapitan

TRAVERSING THE TOURISM HI-WAY

ONE of the best places to unwind in Mindanao is in a historical city surrounded with tropical parks and a legacy of greatness connected to the past. With a sense of history written in the annals of our country, it once sheltered our foremost National Hero, Dr. Jose P. Rizal.

Dapitan City is incomparable in terms of beauty and tranquility. A city once filled up with horse-drawn surreys and ruled by the Gua rd ia Civ i l i n wh ite starched jackets and colorful brown pitch helmets some 300 years ago, Dapitan has a touch of Spanish culture and architecture left with few preserved old colonial mansions and 17th century fortresses that withstand the elements of time and now teamed with f lower blooms and adorned with bougainvilleas.

The Fort de Dapitan remains a living witness to a once Spanish military influence. It is accessible by foot on top of Ilihan Hill where one can gazed at the panoramic view of the city.

The Fort helps spot maraud-

and making the most of their assets and abilities. Yet they also learn to ask for help in things they themselves are not that good at doing. As the famous Olympic athlete, Eric Liddle, said: “You can’t put in what God left out.” So we not only must make the most of our own special abilities, we must also learn our limits and weaknesses.

A man recently got his lucky big break-a promotion in a large company. Everyone said, “That guy’s so lucky!”

But that man created his own luck.by always arriving at the office early. He apologized and admitted when he was wrong.

He even shared the credit and reward with others when he

THINK A MINUTE

ing boatmen from hostile countries that thrive on kidnapping of women and children to be sold as slaves in Borneo.

A f lash back in time, “A’ Ponte. Fuego!” The outburst of gunfire snapped the life of our national hero who was taken back to Bagumbayan Park in Manila. Dr. Jose P. Rizal leaves for some times in Dapitan. He got married there and has provided some blue print for development and social work in the city before he was brought back to Manila and shot by a firing squad of Spanish soldiers in what is now called Luneta.

His martyrdom fulfilled his dreams and endeavors for freedom from colonization many of us may have forgotten?

Aside from being historical and called the “Shrine City” of the Philippines, Dapitan is one of the country’s tourist destination.

Some visitor’s attraction ranges from various ecotourism parks and plazas.

It has some of cleanest ocean breeze boulevards which bring one closer to nature.

T here a re places where travelers wants to see and visit like the world famous Dakak Park and Beach Resort owned by the family of former Congressman Romeo Jalosjos. It is located in Barangay Taguillon with paved super highway some 30 minutes drive from the city.

Dakak has undergone various expansion and renovations and pride itself as a Department of Tourism accredited Triple “A” resort. Manila’s Film and TV celebrities and political personalities have shared the experience and warms of the resort’s hospitality.

Da ka k Beach Resort is one development that have seen the good and the bad times of the tourism business but managed to stay af loat with the infrastructures poured by the previous administration in Western Mindanao. Improvement of the Dipolog Airport some 45 minutes away have brought the big airline industry players in this part of the country. The Jalosjos family also bank rolled million of pesos for the

JHAN TIAFAU HURST

PED T. QUIAMJOT construction of a city park into a night life attraction and entertainment.

Through the DOTC and the Philippines Ports Authority, the development of Roll on and Roll off port ducking facilities have improved trade and commerce in the handling of goods and merchandise coming from Cebu and Manila faster and cost efficient while travel by fast craft to Dumaguete and Cebu City adds to tourist convenience.

Dapitan, it is a promising convention destination with more hotels coming up and a prevailing good peace and order condition and as you leave the place, espiri de contigo, the memories will live on.

We need spiritual direction WITH the peculiar needs of our spiritual life, given the goal it is supposed to reach and the problems and difficulties it has to contend with, it should be understood by all that we really need to have spiritual direction.

Spiritual direction is like going to school to learn and also going to the doctor for check-up and, if necessary which is actually the usual case since we would likely have some spiritual ailments of one kind or another, for medication or therapy. At the very least, spiritual direction allows us to receive words of comfort and encouragement in times of difficulties.

The things to learn in our spiritual life are plenty, even endless, and it’s not just the quantity but also the complexity of these things that simply require us to avail of this help.

There are challenges, issues and clarifications to tackle. Virtues have to be

developed, vices to be rid of.

The art of spiritual combat has to be learned. All these, which can be tedious and complicated, need spiritual direction since we are bad and unreliable directors of our own selves.

Besides, the things to learn in our spiritual life affect us in real time, 24/7.

They actually cannot be postponed, although it’s also true that they can be attended to, reworked or restarted anytime. They also are things that would last our whole lifetime, and, in fact, would bring us beyond time. The other things are only temporal.

Our spiritual life is the most important aspect of our life, since it connects us to the root and ultimate end of our life, who is God. It serves as the hidden foundation or the heart of all the other aspects of our life—personal, family, social, professional, etc.—giving the energy, di-

rection and meaning to their development.

While its needs may not be immediately felt as other needs like our physical, biological, professional needs can be more directly felt, our spiritual needs actually occupy the most important place among all our needs.

Neglecting them would remove the ground on which the other needs stand.

The problem that we have is that we are not quite aware of this fact. It’s actually a shame since it seems we are now increasingly more aware of our physical, social, economic, professional needs, yet we seem to remain ignoramuses with respect to our spiritual needs.

We need to make some drastic changes in our vision of things. We cannot continue acting like little children or spoiled brats who only see the externals without considering the internals, the standing building without

HINTS AND TRACES

FR. ROY CIMAGALA considering the foundation on which it stands.

In spiritual direction, we talk and bare ourselves to someone whom we can trust because of his experience, his training and formation, the purpose of his office, and a discernible personal concern for us. He can be anyone actually, either a priest or layman. The important element is that there is mutual DIRECTION/PAGE 9

BusinessWeek

MINDANAO

Energy.News

May 25-27, 2012

7

Least cost solutions to the Mindanao blackouts Second of a series

By DAVID A. TAULI HEREis the first of a series of replies to the column of Boo Chanco in the Philippine Star of April 18. This one responds to the following four allegations of Aboitiz which are blatantly contrary to the facts, and therefore easily answered without having to refer to any document or record.

The other allegations are more complex and will be answered in later posts. I think some of the other allegations are rather malicious towards business rivals of the Aboitiz, but those are for the business rivals to respond to if they are so inclined. I will confine myself to the issues related to the Mindanao blackouts, in this case the privatization

by PSALM of power barges PB 117 and 118, at a time when these were needed in order for the PSALM to supply their power contracts with Mindanao consumers and their ancillary services contract with the NGCP. The Aboitiz allegations are as follows, as quoted verbatim from the Boo Chanco column: 1. The Aboitiz spokesperson points out “the price TMI gets for the barge capital recovery fees is much lower than Cepalco’s own rates from their sister company Minergy.”

2. On the matter of assigning contracts, Aboitiz claims “the normal practice of assigning contracts in Luzon and Visayas was only done with baseload plants, not with the oil-fired peakers… nobody will contract to sell oil-fired electricity

at P3/kWh when the cost of production is around P8/ kWh.” 3. It was further asserted that “the Mindanao barges, 200MW, – after two failed auctions, were sold to TMI for $30 million. The fact is they sold for very little because they were liabilities to NPC… NPC had to sell their oil-fired plants for whatever they could get. They had P3.2 billion in losses in 2007 alone.”

4. It was also pointed out that Mr. Tauli “conveniently leaves out the fact that the original approval from ERC was at the higher rate. It was reduced after some politicians threatened to withhold the ERC budget. Basically the rates are based on an assumed 10 year contract for full capacity. But the actual contract was for half the capacity on firm basis, the other half as required, for one year, renewable for another year. Beyond that, there are no guarantees.

My comments to the allegations follow.

1. The Aboitiz spokesperson points out “the price TMI gets for the barge capital recovery fees is much lower than Cepalco’s own rates from their sister company Minergy.”

The Capital Recovery Fee in the NGCP-TMI Ancillary Services Procurement Agreement (ASPA) that was approved by the ERC (after the filing of Motion for Reconsideration of the original CRF approved

by ERC), was for the total amount of US$94.7 million for both power barges PB 117 and 118. The total purchase price of the two power barges that was paid

Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region BRANCH 28 Mambajao, Camiguin IN THE MATTER OF THE PETITION FOR CORRECTION OF ENTRY IN THE RECORDS OF BIRTH IN THE OFFICE OF THE LOCAL CIVIL REGISTRY OF MAMBAJAO, CAMIGUIN CHANGING THE SEX OF THE CHILD FROM MALE TO FEMALE

SPL. PROC. NO. 458

JADE BABIA DELADA, Petitioner, -versusTHE LOCAL CIVIL REGISTRAR OF MAMBAJAO PROVINCE OF CAMIGUIN, Respondent x----------------------------------------------------------------- / ORDER Petitioner, Jade Babia Delada, Filipino, of legal age, single and resident of Tagdo, Mambajao, Camiguin thru the Public Attorney’s Office, alleges, that she was born on January 22, 1993 at Tagdo, Mambajao, Camiguin whose birth was duly recorded in the office of the Local Civil Registrar of Mambajao, Camiguin as shown by her Certificate of Live Birth but which birth record erroneously recorded her Sex as MALE when in fact and in truth she is a FEMALE as shown in her Medical Certificate, issued by Sachiko D. Kaneko, M.D., of the Camiguin General Hospital, Mambajao, Camiguin. In order to correct such erroneous entry this petition is filed.

The petition being sufficient in form and substance is hereby set for hearing in this Court’s Session Hall on July 25, 2011 to start at 8:30 o’clock in the morning.

Let copy of this Order and of the petition and its annexes be sent to each of the following: Office of the Solicitor General; Office of the Local Civil Registrar of Mambajao, Camiguin and the Office of the Provincial Prosecutor of Camiguin.

A copy of this Order is required to be published at petitioner’s expense in any newspaper of general circulation in the Province of Camiguin once a week for three consecutive weeks prior to the date of hearing.

Any person or entity whose interest might be adversely affected by the proceedings in this case may file written opposition and personally appear during the hearing and substantiate the same.

SO ORDERED. Done in Mambajao, Camiguin, this 7th day of May 2011.

RUSTICO D. PADERANGA Judge BWM: MAY 25, JUNE 1, & 8, 2012

by Aboitiz to the PSALM was US$30 million. The CRF is therefore 3.157 times the purchase price of the power barges. (MINERGY never recovered in excess of their capital expenditures in their contracts for sale of power and energy to customers, including to CEPALCO. I do not know how the Aboitiz people can say that MINERGY, not CEPALCO which is a distribution company, recovery of CAPEX for their power sales are higher than those of TMI. It is only the Aboitiz companies that require capital recoveries in excess of three times their actual costs.)

Originally, the ERC approved CRF for only US$30 million plus US$7 million for alleged repair expenditures

by TMI for the power barges.

TMI filed a motion for reconsideration and the ERC then approved the exorbitant CRF, despite the absence of additional facts or principles submitted by TMI to justify the MR. The CR F is precisely named to recover whatever capital expenditures have been made for the generation assets that are being used to provide ancillary services. The anomaly in the NGCP-TMI ASPA comes from the approval by the NGCP of their contract with TMI when they knew that the purchase price for the power barges was only US$30 million. The CRF is not paid

by NGCP but is passed on as ancillary service charges to the customers of the distribu-

tion utility companies and to the directly connected customers in Mindanao, hence the NGCP is culpable for lack of due diligence in negotiating a contract that allowed an exorbitant CRF, more than three times the actual CAPEX. 2. On the matter of assigning contracts, Aboitiz claims “the normal practice of assigning contracts in Luzon and Visayas was only done with baseload plants, not with the oil-fired peakers… nobody will contract to sell oil-fired electricity at P3/kWh when the cost of production is around P8/ kWh.” The assignment of contracts for generating plants being privatized by t he PSALM is required by the EPIRA in the Implementing Rules and Regulations of R.A. 9136, which states: “The sale, transfer or disposition of NPC assets shall not affect existing NPC contractual obligations.”

That means, among others, that the ability of the NPC to supply its Contracts for the Sale of Electric Energy (CSEE) should not be impaired by the disposal of NPC assets. However the PSALM sold to Aboitiz, without making the requisite assignment of power supply contracts and ancillary services contracts, the power barges PB 117 and 118 with total dependable capacity of 200 MW. That privatization of the power barges impaired the ability of the PSALM to meet their contractual obligations, and

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region BRANCH 07 Tubod, Lanao del Norte AIRISH G. ABAPO, NO. 258-07-2012 (i) Petitioner, - for - versus – Correction of Entry LOCAL CIVIL REGISTRAR OF BAROY, LANAO DEL NORTE, Respondent. x--------------------/

SPL. PROC.

ORDER A verified petition for correction of entry in the Certificate of Live Birth of AIRISH G. ABAPO as to her gender/sex which was erroneously entered as MALE instead of FEMALE, her true sex/gender, was filed before this Court on March 2, 2012 by the herein petitioner praying among others that after notice and hearing, an Order be issued directing the Respondent to effect the corrections sought for.

Petitioner alleges that she is of legal age, Filipino, and a resident of Barangay Poblacion, Tubod, Lanao del Norte. She was born on September 15, 1989 at Baroy, Lanao del Norte and her birth was duly registered at the Respondent’s office. However, under the entry of “Sex”, the one entered is “MALE” instead of “FEMALE”, her true and correct sex. That such erroneous entries may have been inadvertently done by the one who entered the facts of her birth. That she had never undergone sex transplant neither intends to submit for medical operation to change her sex. That she filed the instant petition as pauper litigant in accordance with OCA Circular No. 121-2007.

Finding the petition to be sufficient in form and substance, set the initial hearing of the case to July 9, 2012 at 8:30 in the morning before the sala of this Court. Any person/s interested to the petition may come to Court on said date and time to show cause why said petition should not be granted. Furnish copy of this Order to the office of the Solicitor General at Makati City, Office of the Provincial Prosecutor in Tubod, Lanao del Norte, office of the Local Civil Registrar in Baroy, Lanao del Norte, Public Attorney’s Office in Tubod, Lanao del Norte and to the petitioner, Airish G. Abapo whose address is at Barangay Poblacion, Tubod, Lanao del Norte.

The petitioner is hereby directed to publish copy of this Order to Business Week for three (3) consecutive weeks, at her expense, to comply with the requirements of the Rules.

So Ordered.

Tubod, Lanao del Norte.

March 15, 2012.

ALAN L. FLORES Presiding Judge

the PSALM was not able to supply the total power demand contracted from them by the Mindanao power customers and the reserve requirements for the Mindanao Grid in the months of January to July 2010. Consequently, the NGCP had to curtail power supply to the consumers connected to the Mindanao Grid, resulting in rotating blackouts all over Mindanao.

The PSALM has been saying that their inability to supply their power contracts in 2010 was due to drought, but the records will show that rainfall over the AgusPulangi watershed areas in those months and the months preceding were normal.

The price at which the assigned contracts would be sold was not really an issue, notwithstanding the claims of Aboitiz. There is nothing in the law that prevents the PSALM or TMI from applying with the ERC for an increase the prices of the assigned contracts if they considered the prices inadequate.

3. It was further asserted that “the Mindanao barges, 200MW, – after two failed auctions, were sold to TMI for $30 million. The fact is they sold for very little because they were liabilities to NPC… NPC had to sell their oil-fired plants for whatever they could get. They had P3.2 billion in losses in 2007 alone.”

There are three pieces of disinformation in this statement of the Aboitiz. First,

they claim that the power barges were liabilities to NPC. How could the power barges be liabilities when they were being operated by NPC to provide power supply to consumers and ancillary services to the NGCP in the time before they were sold?

If they were not sold, the PSALM (which confiscates all the revenues generated

by NPC power plants) would have continued to obtain revenues of around nine pesos per kWh for the electric generation to Mindanao consumers and additional amounts for providing ancillary services to the NGCP. The second disinformation being peddled by Aboitiz is that the NPC power plants in Mindanao are losing because if you look at NPC nationally they lost P3.2 billion in 2007. The NPC power plants in Mindanao have been earning billions of pesos in profits in the past decade, even though it is true that NPC as a whole has been losing. But it is NPC Luzon and NPC Visayas that were losers; not NPC Mindanao.

The third disinformation of the Aboitiz in this statement is that the price of US$30 million for the power barges was a fairly-negotiated price for the “liabilities”. At the time of their disposal, the appraised value of PB 117 and 118, as it appears in the financial statements of NPC, was US$84.7 million.

So was it fair to the PSALM to be paid only US$30 million? There is reason here for BLACKOUTS/PAGE 8

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region BRANCH 07 Tubod, Lanao del Norte In re: Petition for correction of entry SPL. PROC. NO. 259-07-2012 (i) in the Certificate of Live Birth of JULYBEM PARAGOYA CANO-OG - fo r Relative to the entry of his Sex or Gender.

Correction of Entry JULYBEM PARAGOYA CANO-OG, Petitioner, - versus LOCAL CIVIL REGISTRAR OF TUBOD, LANAO DEL NORTE, Respondent. x---------------------------/ ORDER A verified petition for correction of entry in the Certificate of Live Birth of JULYBEM PARAGOYA CANO-OG as to his gender/sex which was erroneously entered as MALE instead of FEMALE, his true sex/gender, was filed before this Court on April 13, 2012 by the herein petitioner praying among others that after notice and hearing, an Order be issued directing the Respondent to effect the corrections sought for.

Petitioner alleges that he is of legal age, Filipino, and a resident of Barangay Candis, Tubod, Lanao del Norte. He was born on July 27, 1991 at Candis, Tubod, Lanao del Norte and his birth was duly registered at the Respondent’s office. However, under the entry of “Sex”, the one entered is “FEMALE” instead of “MALE”, his true and correct sex. That such erroneous entry may have been inadvertently done by the one who entered the facts of his birth. That he had never undergone sex transplant neither intends to submit for medical operation to change his sex. That he filed the instant petition to avoid confusion and to put in proper order his Certificate of Live Birth from correcting his gender/sex from FEMALE to MALE to conform to the true facts of his sex. That she filed the instant petition as pauper litigant in accordance with OCA Circular No. 121-2007.

Finding the petition to be sufficient in from and substance, set the initial hearing of the case to June 18, 2012 at 8:30 in the morning before the sala of this Court. Any person/s interested to the petition may come to Court on said date and time to show cause why said petition should not be granted.

Furnish copy of this Order to the office of the Solicitor General at Makati City, Office of the Provincial Prosecutor in Tubod, Lanao del Norte, office of the Local Civil Registrar in Baroy, Lanao del Norte, Public Attorney’s Office in Tubod, Lanao del Norte and to the petitioner, Julybem Paragoya Cano-og whose address is at Barangay Candis, Tubod, Lanao del Norte.

The petitioner is hereby directed to publish copy of this Order to Business Week for Three (3) consecutive weeks, at his expense, to comply with the jurisdictional requirements.

So Ordered.

Tubod, Lanao del Norte, April 19, 2012.

BWM: May 25, 2012, juNE 1, 8, 2012 BWM: May 11, 18 & 25, 2012

(Sgd.) ALAN L. FLORES Presiding Judge

Metro CDO

BusinessWeek

8 Young Sendong survivors volunteers for other kids May 25-27, 2012

SIX months since tropical storm Sendong ripped through Northern Mindanao, youth and parent volunteers continue to volunteer at Child-Centered Spaces, normalizing activities designed to help children overcome trauma of calamity, and the irregularity of living in relocation camps.

One hundred eighty-two youth and parent volunteers trained with ChildFund, first to process their own

trauma, and then to help other kids overcome theirs.

Supp or t f rom government and non-prof it aid agencies poured into Cagayan de Oro and Iligan throughout December and January, bringing immediate food and non-food aid to populations displaced by the flooding. Many also invested in extending psychosocial support to families, particularly to the children.

Long after most orga-

nizations concluded their work, however, Child-Centered Spaces continued, thanks to ChildFund’s partner Kaabag sa Kalambuan pinaagi sa Kabtangan sa Katilingban (KKKK), and the parent and youth volunteers, who gave hours of their day, everyday, conducting normalizing activities for young survivors.

All the ChildFund ChildCentered Space (CCS) youth volunteers, however, are

t hemselves sur v ivors of Sendong. These youth hailed from Isla de Oro, hardest-hit during the tropical storm.

They all lost their homes, belongings, and many relatives and friends in t he flood. The youth and parent volunteers joined workshops conducted by ChildFund and KKKK, to help them process their own experiences, and to equip them to do the same for others.

Even more remarkable is

MINDANAO

how the CCS Team – youth volunteers, their parent counterparts, ChildFund and KKKK staff - sustained CCS activities for 6 months now. Where many organizations called it “mission accomplished” after just five days, the CCS team kept it going for half a year.

Even now, ma nagement and continuation of the activities are being handed over to relocation camp management.

ChildFund National Director Katherine Manik, will recognize these young heroes on May 26, at the Xavier University’s Southeast Asia Rural Social Leadership Institute in Cagayan de Oro. UNICEF, a major contributor in support of sustained CCS operation, and Glob e Tele com s , w h ich provided material support to the operation, will join ChildFund in recognizing the volunteers.

250 houses in Indahag scheduled for raffling Air traffic in Normin PERMANENT housing units will be raffled off today, May 25, to beneficiaries who will be relocated in Indahag, this city.

This was announced by Nila A. Padla, officer-incharge of the Estate Manage-

ment Division (EMD).

The benef iciaries assigned for relocation in Indahag are the tropical storm Sendong survivors who are temporary billeted presently in the Tibasak Covered Court in barangay Macasandig.

Two hundred-fifty houses built by the Habitat for Humanity within the local government-owned land are reported to have already been completed. Thus, Mayor Vicente Y. Emano estimated that the beneficiaries may be

able to occupy their assigned permanent houses in Indahag by the end of this month.

The EMD, which has undertaken previous raffling in the other relocation sites in the city, shall undertake this scheduled raffling.

XU Philo dept hosts 35th PHAVISMINDA confab XAVIER University’s Philosophy Department is hosting the 35th annual conference of the Philosophical Association of Visayas and Mindanao (PHAVISMINDA) from May 24-26.

Around 24 scholars and professors from at least 17 universities and schools will discuss the theme, “Philosophy

and Democracy: A Challenge to Responsive Governance,” and answer the question, “What universal democracy, if there is any, serves as ‘generic blueprint’ on managing systems in a crisis of liberal values and cultures?”

Archbishop Antonio Ledesma SJ DD of the Archdiocese of Cagayan de Oro will keynote

the conference. Other speakers are Dr Renante Pilapil of the Ateneo de Davao University, Dr Agustin Rodriguez of the Ateneo de Manila University and Dr Ryan Urbano of the University of San Carlos.

This is the second time in eight years that Xavier University is hosting this event.

As host, the organizers hope

to relate the conference theme to Cagayan de Oro’s recent typhoon experience and encourage the participants to look into the kind of leadership necessary to support the rebuilding process of the city after Sendong. Through this gathering, XU hopes to provide a paradigm of lessons on leadership, liberty and life.

Blackouts...

assumed 10 year contract for full capacity. But the actual contract was for half the capacity on firm basis, the other half as required, for one year, renewable for another year. Beyond that, there are no guarantees.

Lies, lies, and more lies in this statement. The truth is that after the motion for reconsideration filed by the Aboitiz, the ERC approved a Capital Recovery Fee of US$94.7 million for PB 117 and 118. The original ap-

proval of the ERC was for the recovery of the US$30 paid

by Aboitiz to the PSALM for the power barges.

The “politicians” referred to here by the Aboitiz includes Cong. Rufus Rodriguez of Cagayan de Oro City who headed the appeal by Mindanao congressional representatives to Chairperson Zenaida G. Cruz-Ducut for the ERC to approve rates for the power barges based on a CRF of US$30 million. I do not know that the Mindanao representatives threatened the ERC when they expressed their appeal

for just and reasonable rates, but the appeal was made during budget hearings for the ERC. I do know that it was not necessary for the Mindanao congressional representatives to issue any threats to the ERC because their appeal was for the ERC to approve rates that are fair to both consumers and generating companies in Mindanao.

The original contract between NGCP and TMI was only for two years, but it was the intention of the contracting parties, as expressed in the ASPA, to renew the

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charging the PSALM for corruption in entering into a transaction grossly disadvantageous to the Government.

4. It was also pointed out that Mr. Tauli “conveniently leaves out the fact that the original approval from ERC was at the higher rate. It was reduced after some politicians threatened to withhold the ERC budget. Basically the rates are based on an

Republic of the Philippines Regional Trial Court of Misamis Oriental 10th Judicial Region Branch – 20 Cagayan de Oro City 2012-228 IN THE MATTER OF THE PETITION FOR CORRECTION OF ENTRY IN THE CERTIFICATE OF LIVE BIRTH OF MARY CLAIRE SAMILIANO ALINSUB WITH RESPECT TO HER GENDER FROM “MALE” TO “FEMALE” AND MAIDEN MIDDLE NAME MOTHER FROM “AGID” TO “CUSTADO”

SPL. PROC. NO. 2012-058

MARY CLAIRE SAMILIANO ALINSUB, Petitioner, -versusLOCAL CIVIL REGISTRAR CAGAYAN DE ORO CITY, Respondent, x---------------------------------------------------------------------------- / ORDER This is a petition for correction of entries in the birth certificate of petitioner alleging among others that her gender was erroneously recorded as Male instead of Female and the Maiden Middle Name of Mother was entered as AGID instead of Custado, and finding the same to be in proper form and substance, the same is hereby set for initial hearing June 20, 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 27th day of April 2012, at Cagayan de Oro City.

FOR YOUR ADVERTISEMENTS PLACEMENTS CONTACT

up by 15.55% in 2011

A TOTAL of 8,596 incoming and outgoing flights have been noted in the two primary local airports that cater to commercial flight operations in Region 10 last year.

These airports are the Ozamiz Airport located in Barangay Labo, Ozamiz City in Misamis Occidental and the Cagayan de Oro Airport in Barangay Lumbia, Cagayan de Oro City, Misamis Oriental.

“These number of flights actually increased by 15.55 percent compared to 7,439 f lights during the previous year,” Engr. Naga Rascal, Area Manager of the Civil Aviation Authority of the Philippines (CAAP), Region 10, said.

As shown by the Comparative Data on Commercial Air Traffic of CAAP, the number of incoming passengers increased from 745,598 to 848,096 or 13.75 percent, and the outgoing passengers from 762,263 to 853,133 or 11.93 percent.

Overall, the volume of incoming cargoes increased from 9,392,298 to 9,425,414 kilograms (kg) or 0.35 percent but the outgoing cargoes declined from 16,244,155 kg. to 10,044,026 kg. or down by 38.17 percent. contract perpetually while the power barges are still operational. The contracts were terminated in February 2012 and March 2012 (despite the need for the NGCP to continue to supply ancillary services to the Mindanao Grid) because the DOE has concluded that the contracts are actually illegal

REPUBLIC OF THE PHILIPPINES REGIONAL TRIAL COURT 10th JUDICIAL REGION BRANCH 28 MAMBAJAO, CAMIGUIN In the Matter of Petition for Issuance of MISC. CASE NO. 110 Owner’s Duplicate Copy of Original Certificates Of Title No. P- 9011 of the Office of the Registry Of Deeds of Camiguin, ROGACIANA C. CHAN, Petitioner, -versusATTY. ALMA CONCEPCION M. PARREÑO, In her capacity as Ex-officio Register of Deeds Of Camiguin, Respondent. x-------------------------------------------------------------- / ORDER Petitioner, Rogaciana C. Chan, of legal age, Filipino, widow and resident of Tagdo, Mambajao, Camiguin, thru counsel, states that she is the owner of a parcel, situated in the Sitio of Abu, Barangay of Baylao, Municipality of Mambajao, Province of Camiguin, duly registered in the Office of the Register of Deeds of Camiguin under Original Certificate of Title No. P-9011 with an area of 1,522 square meters.

That the owner’s duplicate copy of the OCT of the aforesaid parcel of land was lost and despite earnest effort to locate it, the same was of no avail. The fact of such loss was duly registered in the office of the Registry of Deeds of Camiguin.

That the subject Original Certificate of Title was not delivered to any person or entity to secure payment or performance of any obligation whatsoever and there exist no deed or instrument affecting the said land which had been presented for or pending registration in the Register of Deeds. There is no co-owner’s, mortgagee, and lessee duplicate of the aforesaid title issued before its lost.

It is the main thrust of the petition that after hearing the Owner’s Duplicate of the Original Certificate of title which was lost be declared null and void and a new Owner’s Duplicate of Original Certificate of Title No. P-9011 be issued in lieu thereof under the same terms and conditions as contained in the original on file.

The petition being sufficient in form and substance is hereby set for hearing on July 24, 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 7th day of May 2012.

BONIFACIO M. MACABAYA Presiding Judge BWM: MAY 25, JUNE 1, & 8, 2012

and could be contested in the legal courts.

The Mindanao power consumers will soon file a case against the NGCP and TMI for a refund of the billions of pesos of ancillary services charges that they paid to NGCP under an illegal ASPA in the period February 2010 to March 2012.

RUSTICO D. PADERANGA Judge BWM: MAY 25, JUNE 1, & 8, 2012

BusinessWeek MINDANAO

Misor.Today

May 25-27, 2012

9

Salay cited as ‘Best Performing LGU’ in MRDP Rural Infrastructure THE Municipality of Salay in Misamis Oriental has been selected as the “Best Performing LGU” in the implementation of the Mindanao Rural Development Project Rural Infrastructure Sub-Project.

During his weekly TV program “Ang Lalawigan Karon”, Gov. Oscar S. Moreno expressed his elation over Salay’s accomplishment as a “victory for the people of Salay” who have been embroiled for the past decades in the insurgency due to government’s failure to adequately deliver basic services.

President Benigno Simeon C. Aquino III personally handed the citation to Salay Mayor Romeo L. Gue in Davao City on May 14, 2012 during the MRDP People’s Organization Congress with Gov. Moreno.

Provincial Agricultur-

ist Danilo Maputol said Salay was not originally among the local government units (LGUs) enrolled in the MRDP-APL2 due to the limited slots allotted for the province. However, Mayor Gue had shown interest in the program that when the municipality of Sagay in Camiguin withdrew from the program, the Program Support Office (PSO) in Davao City approved Gov. Moreno’s endorsement of Salay as its replacement.

Despite its late entry to the project, Salay became the first LGU in Misamis Oriental to complete its MRDP rural infrastructure (RI) sub-project, the “Upgrading of Guinalaban Farm-to-Market Road” (FMR), a 2.6 kilometer dirt road amounting to P4.1 million which was formally turned over on October 1, 2010.

Salay showed similar performance in its second rural infrastructure subproject, the upgrading of the farm-to-market road in Brgy. Alipuaton worth P5.3 million which had consistently recorded a positive slippage during its construction until its turnover on November 29, 2011.

Due to its exemplary management and performance in implementing these two projects, Salay has been awarded another rural infrastructure subproject, the upgrading of a 1.8-kilometer farm-tomarket road in Brgy. Yungod with a contract cost of P3.9 million. The project is ongoing with a 51.36% accomplishment as of April 2012 and is 17.02% ahead of schedule.

Another farm-to-market road in Brgy. Salagsag is

Viable...

the Phividec zone because its water depth is ideal to ca r r y t he weig ht of t he vessel.

The WB study cited the need to put up at least a 300-megawatt (MW) natural gas-fired power plant as an anchor load to the natural gas to be imported.

“Because of its extensive capital requirement, the study notes the need for an anchor load for that project.

And at least a minimum 300-MW natural gas-fired power plant will be good,” he said.

Layug made it clear the work completed by the WB does not include a funding component.

“It’s more of a feasibility study; we are still going to look at the cost and whether the cost can be afforded by the people in Mindanao,” he said.

Layug said the energy department also needs to

do some financial modeling and validate further WB study, especially on the demand-profile side.

Layug earlier revealed the DOE’s plans to come out with a national program for L NG t h is yea r. T he government will build the infrastructure, such as the LNG pipeline, storage and the regasification facility.

He said a lot of investors are keen on pouring i n c apita l even w it hout government guarantee. “ T he y ju s t h ave t he money and want to build.

Unfortunately, I don’t have it on top of my head, but the amount could be sizable considering the project will include building a pipeline i n Bat a nga s to Ma n i la , a s wel l a s L NG stora ge facilities and regassification facilities. A lso, t he LNG program will be for the entire country and not just Luzon,” Layug said.

from page 10

of the project to make su re t hat t he people i n Mindanao could afford any developmental project the government will propose.

At the same time, Layug said the project has to be very cost efficient for the consumers since the government is already prohibited from entering into power supply contracts.

Layug said they want to make sure that any natural gas project they propose will be market-based.

He said the WB study recom mend s a f loat i ng storage and regassification unit (FSRU) with a component for a short pipeline that will run along certain industrial zones in Mindanao.

Layug said the WB has also identified the FSRU to be moored w it hin

PANEDOTTE PASTRIES

PANEDOTTE PASTRIES are available at Tagoloan, Misamis Oriental, just in front of the Senior Citizens Center in Tagoloan, Misamis Oriental with Tel Nos. (08822) 740-211, (088) 856-2419; Cell Phone Nos. 0917-706-2247 and 0917706-1516, or visit them at 162 M.H. del Pilar –Velez Sts., Cagayan de Oro City Available at GAISANO SUPERMART and at LUMBIA AIRPORT PRE DEPARTURE AREA

AWARDEE. The municipality of Salay, Misamis Oriental had been conferred the Best Performing LGU in the implementation of the Mindanao Rural Development Project Rural Infrastructure Project by Pres. Benigno Aquino III. The award was accepted by Salay Mayor Romeo L. Gue together with Gov. Oscar S. Moreno during the MRDP People’s Organization Congress in Davao City last week. Also in photo is Department of Agriculture Sec. Proceso Alcala.

being upgraded under this program while two others have been strongly endorsed by the RCPO on the strength of Salay’s outstanding performance. These two projects include the upgrading

of a farm-to-market road in Brgy. Ampenican and the construction of a two (2) barrel box culvert with approaches.

“This clearly manifests the absorptive capacity,

technical and administrative capabilities of Salay LGU in terms of sub-project development, management, implementation and maintenance,” Mr. Maputol said in his report.

Business...

advantage of the National Government’s bond exchange program that enabled us to more effectively match our assets with future liabilities and better manage our balance sheet going forward,” Ayllon added.

Total policyholder benefits and operating expenses amounted to P12.3 billion, with gross benefits, claims on insurance contracts, and net change in legal policy reserves accounting for P9.8 billion.

aware that our spiritual direction is extension of God’s providence over our spiritual life. There will always be some imperfections in the way spiritual direction is carried by us, but we just go to it more out of our trust in God than in ourselves.

And so we have to develop the proper dispositions. Humility is indispensable. It enables us to recognize our abiding need for this help, keeping us away from the usual tendency to feel ourselves self-sufficient as to be able to do self-direction.

Sincerity is of course another requirement. Let us always try to be brutally frank about ourselves, calling a spade a spade, but doing all this in charity. This can only happen if our sincerity is based on God. Let us also remember that sincerity is not only the ability to bare the things to our spiritual director, but also the eagerness to carry out the suggestions and pieces of advice given.

We also need to be patient, because in things spiritual one day can mean a thousand years, and vice-versa, a thousand years can also mean one day. In short, we can hardly give deadlines. We need to have the infinite patience of God.

from page 5

advisory, of the IFC.” “We are entering a space where the more you do this kind of financing, then the more you can avoid mistakes moving forward,” he added.

R e g a r d i n g BPI ’s $1.24-million grant, Ms. Biason said it will be used to “improve the market’s awareness through education of SMEs in energy efficiency and renewable energy projects.”

“It will also be used to enhance the capacity of the from page 6 bank’s lending group through trust between him and us.

We have to learn how to trust training and marketing tools to provide better financing our spiritual directors, or if we and technical services to are the directors, how to trust our directees. Spiritual direction is a clients,” she added. wonderful occasion to learn and live

Direction...

Insular... from page 5

st rong ba la nce sheet while making its operating cash flows robust. We took

trust and confidence, which are so necessary in our life. Without them, we would be greatly handicapped.

Obviously, this trust has to be based ultimately on our trust in God. We have to be constantly

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May 25-27, 2012

Arts & Culture

NCCA holds dance Xchange THE NCCA held the country’s biggest dance spectacle, the Dance Xchange 2012: The Philippine International Dance Workshop and Festival, from April 27 to 30, 2012, in Cebu City, in partnership with the provincial government of Cebu led by governor Gwendolyn Garcia.

Spearheaded by the National Committee on Dance (NCD), headed by Shirley Halili-Cruz, Dance Xchange 2012 gathered more than 300 delegates and dance experts from the best dance companies, both local and international, for a grand celebration of dance that included activities such as a forum, dance workshops conducted by dance directors/ dancers from participating countries, masters classes, a

cultural tour, festival of dance performances and concerts at the Cebu International Convention Center in Cebu City, the Sugbo Cultural Center, Ayala Center, J Center, in Danao City, Bantayan Island, Carcar, and Talisay City.

With this year’s theme, “Cu lt u ra l C on nec t iv it y Th rough Dance,” the event aimed to “strengthen network among dance groups in the ASEAN and beyond; enhance knowledge and skills of the dancers, dance teachers and choreographers on dances of the different countries; showcase the unique dances of each country to enhance cultural understanding; provide venue for interaction and facilitate learning among dancers, directors, dance teachers, cho-

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City 2012-213 OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL SALE FILE NO. 2012-080 Upon extra-judicial petition for sale under Act. No. 3135, as amended by Act No. 4118, filed by HDMF (PAG-IBIG FUND) with principal office address at Atrium of Makati, Makati Avenue, Makati City, with branch office at Pagibig Fund, Bldg., Borja St., Cagayan de Oro City against NESTOR L. LIMKIM married to CRISTINA B. LIMKIM, with postal address at Fatima College of Camiguin, Mambajao, Camiguin, the mortgagor, to satisfy the mortgage indebtedness which as of February 24, 2012, amounts to SEVEN HUNDRED SEVENTY FOUR THOUSAND ONE HUNDRED SEVENTY EIGHT PESOS & 44/100 (P774,178.44), Philippine Currency, inclusive interest, penalty charges, court fees, attorney’s fees and expenses of foreclosure, the undersigned or duly authorized deputy will sell at public auction on June 18, 2012 at 10:00 a.m. or soon thereafter at the main entrance of the Office of the Court, Hall of Justice, Hayes-Mortola Streets, Cagayan de Oro City to the highest bidder, for cash and in Philippine Currency, the following property/ies described below including all existing improvements found thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-192192 Lot : Lot 15, Block 6, Psd-10-042689 Portion of Lot : Lot 1, Block 37, Psd-10039732 As Surveyed : Pueblo de Oro Development Corporation : San Agustin Valley Homes 2 Land use : Residential Location : Canitoan, Cagayan de Oro City Area : FIFTY FOUR (54) SQUARE METERS, more or less.

Registered in the name of NESTOR L. LIMKIM Married to CRISTINA B. LIMKIM TRANSFER CERTIFICATE OF TITLE NO. T-192193 Lot : Lot 15, Block 6, Psd-10-042689 Portion of Lot : Lot 1, Block 37, Psd-10039732 As surveyed : Pueblo de Oro Development Corporation : San Agustin Valley Homes 2 Land use : Residential Location : Canitoan, Cagayan de Oro City AREA : FIFTY FOUR (54) SQUARE METERS, more or less.

Registered in the name of NESTOR L. LIMKIM Married to CRISTINA B. LIMKIM All sealed bids must be submitted to the undersigned on the above-stated time and date.

In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting, and publication.

Prospective buyers may investigate for themselves the title herein abovedescribed and encumbrances thereon, if any there be.

Cagayan de Oro City, May 7, 2012.

ANTONIO A. CAGULANG, JR. Sheriff IV BWM: MAY 18, 25, & JUNE 1, 2012

reographers; and harness the potential of the Philippines to be a cultural destination in Asia.”

Dance Xchange is also in celebration of International Dance Day, created under the auspices of UNESCO in Paris and held all over the world by the International Theater Institute (ITI) on April 29, and the Philippine National Dance Week, which is on the fourth week of April every year as declared by Proclamation No. 154 “to bring together dancers to demonstrate and realize the function of dance in the society and in the rest of the world.”

“In order to realize this mandate, the National Committee on Dance has been organizing the National Dance Congress and elevated it to the level of an international dance celebration dubbed the Dance Xchange: The Philippine International Dance Festival from 2008 to the present,” said Halili-Cruz.

“My regular participation in different international dance events had been my inspiration to initiate Dance Xchange...I believe the Philippines has a very rich culture that deserves appreciation by other nationalities. Dance Xchange is for us a window to the world not only for dancers but for foreigners in general and an opportunity to harness the potential of the Philippines to be a cultural destination in Asia.”

Dance Xchange has been held for four years now—2009 in Dumaguete City, 2010 in Roxas City, Capiz; and 2011 in Metro Manila.

Foreign groups included the Big Dance Company (England), IOV Indonesia Youth

Section of Avara Indonesia, Alan and Becky Dance Group (Hong Kong), a group from India, Akademi Seni Budaya and Warisan Kebangsaan or Aswara (Kuala Lumpur, Malaysia), Era Budaya Papar (Sabah, Malaysia), Banditpattanasilpa Institute (Thailand), Kim Kyung Hoi Dance Troupe of Gangwon University (South Korea), and Dance Horizon Troupe (Singapore). They were joined by local troupes including Bayanihan, the Philippine National Folkdance Company, Halili-Cruz Ballet Company, Powerdance, PNU Kislap Sining Dance Troupe, LPU Lahing Batangan Troupe, Sinukwan Kapampangan Performing Arts, Ballet Philippines, USA Kawilihan Troupe and ADS School of Performing Arts, ZNHS Melengas Dance Ensemble, Kaagan Dance Theater Collective, Father Saturnino Urios University Dance Company, MEV Dance Company, Madayaw Cultural Ensemble, Hwa Yi Performing Arts, Saint Louis University Dance Troupe, University of San Carlos Dance Troupe, and University of Cebu Dance Troupe.

A ceremony, held at the CICC Exhibition Hall and graced by NCCA officials and Gov. Garcia, introduced the participants and formally opened the festival with the unveiling of logos. This ushered in four days of performances and other activities.

Guest speakers in the dance forums were NCCA chairman Felipe de Leon, Jr., Debbie McRitchie, Joseph Gonzales, Jaime Antonio and Nestor Jardin. Closing the festivsal was a dance extravaganza at the Ayala Center Cebu.

(NCCA-PAIO)

BusinessWeek

MINDANAO

Power... from page 10

A s t he P u l a n g i ye n s struggle to preserve their own culture, tradition and practices, the onslaught of modern technologies brought by “outsiders” into their tribal life caused them to “reject” being connected to the mini-hydro power plant.

“When we constructed the mini-hydro power plant, we wanted it to energize the whole community of 50 households. However, the people preferred to be connected to the Bukidnon Second Electric Cooperative (BUSECO) because they already have refrigerators, televisions, and other appliances that rely on electricity,” said ESSC Program Director Eric “Popoy” Bruno.

The ESSC is a Jesuit research institute that promotes environmental sustainability and social justice through the integration of scientific methodologies and social processes.

Established by Fr. Pedro Walpole, SJ, the ESSC operates the Apu Palamguwan Cultural Education Center (APC) in Sitio Bendum as a response to the desire of the Pulangiyen people to read, write and be educated in the context of their culture and life.

The APC adheres to a needs- and culture-based education, a strong advocacy of Walpole, who believes that if one is to be a productive

Butuan... from page 1

and Robinsons Bank.

Meanwhile, a 100-room GoHotels.ph branch will also be built near Robinsons Place Butuan to serve the city’s local tourist market, with

Travel... from page 4

700 locations across the country, serving everything from fried chicken and hamburgers to local favorites like palabok, rice noodles with meat sauce, shrimp, and hard-boiled egg,” they say, recommending the Spicy Chickenjoy.

According to Travel and Leisure, “fast-food chains aren’t exactly hidden gems... but they have their own quirky appeal and dish out a quick fix

contributor to society he/she needs to be deeply-rooted in his/her culture. The APC also emphasizes the importance of making education accessible to indigenous cultural communities and in making the education system responsive to the needs of the people. It also recognizes the importance of integrating the community’s knowledge system and way of life in the school curriculum to sustain the culture and tradition of the Pulangiyen and other cultural groups in the area.

Bruno said the APC is the only structure in picturesque Bendum that is powered by the mini-hydro power plant.

He, however, sees a very good future for the hydro plant as it now serves as a model that a small sitio or even barangay can be energized by a small free-flowing stream.

“We just have to be resourceful in taking advantage of whatever resources we have. But in doing so, we have to keep in mind that these resources are finite and therefore we have to use them sustainably. It is also important that we protect our immediate environment because it is our resource base,” he stressed.

In the construction of the mini-hydro plant and spring box, the ESSC made sure that no trees were felled or cut.

The ESSC also maintains a reforestation area upstream in order to make the minihydro power plant viable for many years in the future. amenities such as Windsortype beds, “rain” showers, flat-screen televisions, and Wi-Fi connectivity.

In addition, guests who book early via GoHotels.ph’s Web site will be entitled to lower room rates, Robinsons Land said. of local culture and cuisine.”

The Jollibee Foods Corporation claims to be the largest restaurant network in the country, with 2,004 stores in the Philippines and 509 stores abroad.

Jollibee has stores in the US, Saudi Arabia, Qatar, Brunei, Hong Kong and Vietnam.

It began as a two-branch ice cream parlor in 1975, and has grown to be one of the most popular brands in the country, with its mascots starring in their own children’s television show.

MINDANAO

BusinessWeek

May 25-27, 2012

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May 25-27, 2012

BusinessWeek

MINDANAO