BUSINESSWEEK MINDANAO ( Nov 19-20, 2012)

BusinessWeek MINDANAO

Now

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Issue No. 128, Volume III •

Cagayan de Oro City

Monday-Tuesday

Market Indicators As of 5:58 pm Nov. 16, 2012 (Friday)

FOREX

PHISIX

US$1 = P41.33

5,423.77 points

7 cents

X

8.89 points

Briefly

X

Tax take up 25%

A TOTAL revenue of P1.96 billion was collected by the Bureau of Internal Revenue, Revenue Region 16 (BIR-RR16), in Northern Mindanao, during the second quarter of 2012.

This amount is higher by P388.47 million or 25 percent compared to P1.58 billion during the same period in 2011, said Regional Director Atty. Alberto S. Olasiman.

I n c o m e t a xe s , w h i c h amounted to P1.34 billion contributed the biggest share of 68.4 percent in the total regional collections (TRC), followed by Value Added Taxes (VAT) with P399.61 million or 20.3 percent.

Sitio energized

SURIGAO del Norte -- Around 30 households in Sitio Songkoy, Gigaquit will be able to enjoy the comfort brought about by electrification after a ceremonial switch-on was done yesterday, Nov. 7, at the Barangay Gym in Mahanub, this province.

The energization of the said barangay was part of the Sitio Enegization Program being implemented under President Aquino through the National Electrification Administration, aimed to bring electricity to the remaining 33,000 sitios in the country especially in Mindanao.

The activity was made possible through the partnership of Surigao del Norte Electric Cooperative Inc. led by Engr.

Danny Z. Escalante and the provincial government of Surigao del Norte through the leadership of Governor Sol F. Matugas.

Paperless office

DAVAO City -- The Bureau of Customs (BOC) in Davao introduced its computerization program to do away with the manual processing of permits and clearances accompanying imports and exports in efforts to get rid of branding the bureau as the most-corrupt government agency.

BOC-Davao district collector Martiniano Bangcoy said that the BOC central office has already started the project, called the National Single Window (NSW), which is targeted to link to the Asean Single Window.

“We are happy that this project is gaining headway and that we are very supportive of this because this helps a lot in fighting corruption in the bureau,” Bangcoy said.

Gov. Ramiro

By PJ TREMEDAL of Mindanao Star Balita

ORO QU I E TA C it y - Gracing the Pasungko S’g MisOcc Festival, Mrs. Cynthia Villar did not only send her message of concern to the festival but a message of hope for the Misamisnons celebrating the 83rd charter Anniversary of the province.

Prior to the celebration of the Festival of all Festival of Misamis Occidental on

Nov. 10 dubbed as Pasungko S’g MisOcc, the acknowledging of the blessings from the “Magbabaya” of the lumads here, Mrs. Villar was also enthroned as “Bae Pinyalan” during the 64th Charter Anniversary of Ozamiz City.

Mrs. Villar, chairman of the Villar Foundation and is eyeing a senatorial seat in villar/PAGE 9

November 19-20, 2012

P15.00

Water is CdO’s ‘saving grace’

By BONG FABE, Correspondent

Villar

Villar, Ramiro workout plans for Subanen

every Mondays, Wednesdays, & Fridays

I

(First of two installments)

N A world of sea-level rise brought about by melting ice caps and climate change, water—which caused the massive flooding that devastated this trading, industrial and educational hub of Northern Mindanao on December 16, 2011—may also be its saving grace.

As this city will commemorate the first anniversary of Tropical Storm Washi (Sendong)—which dumped 250 to 400 mm over a 24-hour period (December 16 and 17,

2011) of rain that caused massive flooding that swept hundreds of homes to sea and killed thousands, it is ironic that the culprit water/PAGE 9

Normin lawmakers, RDC tackle power problems THE Advisory Committee of the Regional Development Council (RDC) in Northern Mindanao and the Congressional Representatives of the region met at the House of Representatives in Quezon City on November 12, 2012 to tackle the Mindanao power situation.

Undersecretary Josefina Patricia Asirit of the Department of Energy (DOE) graced the meeting and apprised the body on the power situation in Mindanao.

Mindanao has an installed capacity of 2,022 megawatts (MW) but its dependable normin/PAGE 9

SAILBOATS. Fishermen in Digos, Davao del Sur prepare for a fishing expedition using locally-made wooden sailboats. photo by ben arche

Peace deal seen boosting export of M’nao products

THE export sector in Mindanao is expected to expand by 25 percent in the near term once the landmark peace accord with the Muslim rebels is implemented, the Philip-

pine Exporters Confederation (Philexport) said.

With the threats of violence posed by members of the Moro Islamic Liberation peace/PAGE 8

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424

2

Monday - Tuesday I Nov. 19-20, 2012

Economy

BusinessWeek M I N DA N A O

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Innovation key to Davao’s information technology development DAVAO City -- An official from the Department of Science of Technology has urged the Davao ICT (Information Communication Technology) sector to sustain their focus on innovation citing tremendous potentials of the city.

Deputy Executive Director of the DOST-ICT Office (ICTO) Bud Melchor said that innovation is the key in getting a greater market share in IT and Business Process Outsourcing Markets.

He said that in 2010 global spending in IT BPO for engineering innovation has reached about S1.10 trillion, while the market for innovation in the healthcare BPO industry is projected

to reach $300-billion. The creative industry has also reached $1.8 trillion.

Melchor said that a bigger share in the world market would ultimately benefit Davao City which is cited as the country’s Next Wave City of the future for an ICT investment site.

“Davao City has tremendous innovation potentials, perhaps one of the reasons why IBM has put up an innovation center in the city.”

Though factors for measuring innovation is not yet in place, there are signs of innovation in the city one of which is the recent ON3 online pitching competitions in country, where two of the finalists came from Davao. Pitching competition involves the presentation of startup concepts, ideas, applications and technologies to venture capitalists.

Melchor said that the world is finding out that

Filipinos are super talented and very innovative people.

He said that the first one to find out the inherent qualities of Filipinos were American soldiers coming here for training, who found out that despite lacking in resources Filipino soldiers were very resourceful.

Currently, the Filipinos’ creativity has extended to the ICT/BPO industry where there is an ongoing bull market for IT professionals.

However instead of luring Filipino IT professionals out of the country they could be tapped to help promote the country as an ideal investment destination for outsourcing industries particularly involving innovation.

Melchor cited Davao City as among the most innovative cities foremost among which is the focus of its ICT sector in promoting innovainnovation/PAGE 9

BUKINON, -- Vice Governor Jose Maria Zubiri, Jr. on Friday vowed to finish the Australian-assisted P19million road project that the contractor left midway last February due to alleged extortion of the New People’s Army (NPA) rebels in the area.

The vice governor said it was him who originally signed the contract for the road rehabilitation project for the Kibawe-Natulongan road network, when he was still the governor, and that

the project should be finished citing that a good road for the said area could benefit a huge population of at least 15,000 villagers in seven barangays in Kibawe, Bukidnon.

Clarissa Rendon, provincial coordinator of the Provincial Roads Management Facility (PRMF) for Bukidnon, said PRMF is a road rehabilitation program funded by Australian Agency for International Development(AusAID). It is a US0-million program running over five years since

September 2009.

Bukidnon is one of the five provinces in Mindanao where PMRF is present. The others are Agusan del Sur, Misamis Occidental, Misamis Oriental and Surigao del Norte. PRMF is also present in two provinces in Visayas (Bohol and Guimaras).

Rendon informed Zubiri and the provincial board that there was an allegation on extortion by NPA rebels and the contractor asked for suspension for security project/PAGE 9

TAGUM City -- The National Economic and Development Authority (NEDA XI) is conducting the Davao Regional Development Plan for 2011 to 2016 in 10 strategic areas for development in the region.

This was bared by Pro-

vincial Development Council (PDC) Secretary Josie Jean R. Rabanoz during consultations held recently at the Provincial Government Center in Mankilam, this city.

“The conduct of the consultations with the local govern-

ment units and the national government agencies will ensure that the national government’s plans are aligned and synchronized with the LGU’s thrusts,” she said.

NEDA XI OIC Assistant Regional Director Miguel Herrera III said the target societal and sectoral outcomes of the Davao Region were approved by the Regional Development Council last March 2012.

He said in the area of Macroeconomic Management, they are eyeing sustained high economic growth levels with an increase in the Gross Regional Domestic Product (GRDP) from the 6.8 percent level in 2010 to 7 percent by 2014.

Herrera said this can be achieved through increased investments in the priority industry clusters, including Agriculture, Fishery and Forestry (AFF), from a growth rate of 1.2 percent in 2010 to 2.2 percent in 2014, Industry and Services from 5.6 percent in 2010 to 7.2 percent in 2014.

It also sees an increase in family incomes and a reduction in poverty incidence from 30.6 percent in 2009 to 24.0 percent by 2014.

Herrera said the other strategic areas that will ensure the Davao Region’s growth during this period include: Modern and Competitive Agriculture, Competitive Industry and Services Sector, Strategic and Sustainable Infrastructure, Science, Technology and Innovation, Good Governance, Human Resources Development, Peace and Development, Sustainable Environment and Natural Resources and Social Protection for Inclusive Growth. (PNA)

Bukidnon vice gov vows to finish AusAid road project

NEDA-Davao synchronizes 5-year devt plan

0917-7154399 088-856-8562/63

AMENITIES : ZORBIT * ATV * TREE TOP ADVENTURE BUGGY * BUNGEE * PICNIC GROUNDS PLAYGROUND * CAFE * LUGE * MINI GOLF ROOM ACCOMODATIONS

Economy

BusinessWeek M I N DA N A O

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Motoring

Isuzu: Go for brand new ALTHOUGH used trucks could be had at a much lower price, its main drawback is the fact that it has questionable quality.

“Whether the dealer has worked the vehicle to make it attractive for a test drive, the would-be buyer is still uninformed about its repair history, its reliability, emissions and fuel economy. When the buyer disregard these issues, they will end up with much bigger problems,” warned Isuzu Philippines Corp.

SVP Arthur Balmadrid.

Balmadrid urged buyers to look beyond the price.

“Imported used trucks do not come w it h a ny ser v ice histor y, and so their condition is ascertained only through visual inspection and speculation. To make things much worse, most of these vehicles are not accompanied by any warranty, putting the buyer at risk,” said Balmadrid.

Stat ist ics show t hat trucks involved in major accidents are mostly unmaintained/dilapidated used trucks.

Ba l mad r id repor ted t hat when it comes to brand-new truck, the market still trusts an Isuzu: “Somehow, IPC t r uck s have established a repu-

Isuzu D-Max

tation for being reliable, durable and fuel-efficient.

Proof of this is that they are among the most popular brand-new trucks in the local market, with the highly regarded Isuzu NSeries leading its category for the past 13 years.”

IPC president Ryoji Yamazaki added that Filipinos have loved and have put their trust on Isuzu trucks for decades, as the trusted Japanese brand has been present in the Philippines since the 1950s.

“The Isuzu brand has become synonymous to trucks and diesel power.

Wherever there are long drives and hard-to-reach places, there will surely be an Isuzu reliably rolling by,” Yamazaki assured.

“Generally, new trucks

have a useful lifetime of more than 10 years while i mpor ted second-ha nd ones may last on ly for three years. Plus, af ter a decade of reliable service, our trucks that were bought new can be resold at a much higher price.”

Balmadrid added that their truck’s maintenance schedules are followed and guaranteed by IPC’s highly trained technicians who strictly follow the manufacturer’s specifications.

A br a n d-n e w N K R light duty-truck priced at P855,000 still has a current resale value of P650,000 after five years. Compared this to imported secondhand trucks that will only have a value of less than P100,000 after just a few years of service.

Monday - Tuesday I Nov. 19-20, 2012

3

4

Monday - Tuesday I Nov. 19-20, 2012

Corporate . World

BusinessWeek M I N DA N A O

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Phoenix borrows P2.5B PAL Holdings trims losses for network expansion OIL RETAILER Phoenix Petroleum Philippines, Inc. has issued P2.5 billion worth of five-year corporate notes to help finance expansion of the company’s station network and refinance debt, the company said in a disclosure on Thursday.

The compa ny said it signed the debt agreement last Nov. 8 at the Makati Shangri-La with a group of institutional lenders composed of China Banking Corp.; Chinabank Savings, Inc.; Philippine Business Bank; PentaCapital Investment Corp.; Robinsons Banking Corp.; Pioneer Life, Inc.

and the BSP Provident Fund, as well as China Banking Corporation Trust Group and BDO Private Bank, Inc.Wealth Advisory and Trust Group as trustees.

The statement identified PentaCapital Investment Corp. as issue manager and together with China Banking Corp. as joint lead arranger.

“Phoenix Petroleum intends to use the proceeds to expand its retail station network and refinance short-term debt,” the statement read.

T he s a me st atement quoted Phoenix Petroleum President Dennis A. Uy as describing the issue as the company’s “biggest to date.”

Phoenix Petroleum -engaged in trading refined petroleum products and lubricants, as well as operations of oil depots and storage facilities -- has a nationwide network of 278 retail stations, the statement said.

THE PARENT of f lag carrier Philippine Airlines (PAL), PAL Holdings, Inc., narrowed its losses in the second quarter of its fiscal year, propelled by higher passenger volume and lower expenses, the company said in a disclosure.

The company posted a P609.17-million loss in the second quarter of its fiscal year that runs from April 1 to March 31, 63.95% less than the P1.69-billion loss last year.

Revenues gained 0.67% to P18 .07 bi l l ion f rom P17.95 billion on increased passenger revenues.

Expenses dropped 4.89% to P18.68 bil lion

from P19.64 billion as cost of f light operations fell.

Second-quarter results sent first-half (April-September) losses to P124.12 million, down 94.2% from P2.14 billion in the same period last year.

First-half revenues went up 2.58% to P38.86 billion from P37.59 billion.

“The increase in revenues was primarily due to higher passenger and other revenues earned during the period,” the company said.

In the same comparative six-month periods, expenses declined 1.91% to P38.98 billion from P39.74 billion. “ T h is was pr i ma r i ly

due to lower expenses related to f lying operations, reservation and sales and other expenses, offset by increases in maintenance, passenger service and genera l and administrative ex pense,” t he compa ny said.

The company, whose route network that covers 31 foreign cities and 29 domestic points, also said it ended the period with 59 aircraft in its f leet.

PAL is managed by San Miguel Corp. after it acquired in April a 49% stake each in t he a irline a nd its low-cost sister carrier Airphil Express for a total of $500 million.

MyPhone backs Miss Earth’s ‘Beautiful Cause’ THERE’S nothing more beautiful than coming toget her for a specia l cause—this was what representatives of MyPhone and Miss Earth have to say about their newly-sealed partnership, as contracts were signed at the Carousel Productions, Inc. on Nov. 12, 2012.

MyPhone, the country’s first and leading dual SIM phone brand’s affinity with the Miss Earth is a sign of its support for the environmental causes which

the pageant advocates.

“We are proud to be a partner of the Miss Earth which promotes ‘beauty for a cause’, not only to the Philippines where it originated, but also to the world,” explains Richie de Quina, VP for Marketing and Business Development of the MyPhone brand.

The Miss Earth beauty pageant was lunched by Carousel Productions, Inc. in Manila in 2001. Now on its twelfth year, it continues to be the most prestigious and

relevant beauty pageant in the world that pushes for the promotion and protection of Mother Earth.

MyPhone has been an active supporter of the Miss Philippines-Earth since the early years of the pageant, and according to MyPhone’s president Jaime Alcantara, supporting the pageant’s international counterpart is a much welcomed step-up.

Each year, MISS EARTH brings together some 80 to 90 gorgeous environment ambassadress from all over

the globe to compete for the prestigious crown.

As one of the pageant’s partners, MyPhone will be awarding prizes, as well as a special Miss MyPhone award on prepageant activities of the candidates.

Miss Lorraine Schuck, Executive Vice President of Carousel Productions (the organizers of the environment-driven beauty contest) expressed her gratitude for MyPhone’s myphone/PAGE 9

BusinessWeek M I N DA N A O

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Banking & Finance Monday - Tuesday I Nov. 19-20, 2012 5

Real Bank’s new Director is former PDIC president FORMER President of the Philippine Deposit Insurance Corporation (PDIC) Mr. Jose C. Nograles recently joined The Real Bank’s Board of Directors after his appointment as one of its independent directors. He brings with him a wealth of knowledge and experience in both investment banking and finance as well as his stellar experience as one of the Philippines’ financial regulators.

During his stint as PDIC President, Nograles shepherded the passage of amendments to the PDIC’s charter, at the height of the 2008 financial crisis, allowing the agency to have a more proactive co-regulatory role along with the Bangko Sentral ng Pilipinas (BSP) by providing institutional and financial strengthening measures to safeguard the interests of the depositing public.

The amended charter also

raised the deposit insurance coverage from P 250,000 to P 500,000.

Nograles also led the agency in attaining ISO certification through the development of new Business Operations on key processes and services to speed up deposit claims processing enabling small depositors to be paid without need for undergoing tedious claims processing.

It was also during his tenure that, together with the BSP, the Strengthening Program for Rural Banks (SPRB) was crafted and launched.

PDIC was nominated as Deposit Insurer of the Year by the International Association of Deposit Insurers (IADI) in 2009.

Prior to his appointment as PDIC President, Mr. Nograles was Senior Executive Vice-President of Landbank of the Philippines where he also served

as Treasurer and Head of Investment Banking.

Mr. Nograles holds a Bachelor Degree in Economics, cum laude, from the Ateneo de Manila University and an MBA from the Asian Institute of Management.

He is a Fellow of the Institute of Corporate Directors (ICD), a non-governmental organization that conducts training and advocacy work for corporate governance and corporate social responsibility.

NINE RURAL banks have been accredited by the Bangko Sentral ng Pilipinas (BSP) so they can be lent to or invested in for the Agri-Agra

Reform Credit Act of 2009.

The following rural banks are “accredited rural financial institutions” (ARFI) beginning Oct. 24, the BSP said in

Circular Letter No. 2012-082 dated Nov. 13 and released on Tuesday: • Rural Bank of Kiamba, banks/PAGE 9

Nograles

9 rural banks accredited under new Agri-Agra law

IMF chief Christine Lagarde visited the country yesterday and hailed the Philippines for its efforts in improving the economy despite the global financial crisis. Lagarde also said crisi-stricken Europe and the US policy makers can “learn” from their Asian counterparts, who maneuvered their way out of a financial turmoil in 1997.

IMF chief lauds PHL for economic policy

INTERNATIONAL Monetar y Fund (IMF) chief Christine Lagarde lauded the Philippine government on Friday for its efforts in improving the economy despite the global financial crisis.

“I congratulate the Filipino authorities for their excellent economic stewardship during difficult times,” said Lagarde, the first female to head the IMF, in a press conference in Malacanang.

She noted that the Philippines is the only country that the IMF raised its growth

forecast for this year.

“This year, at a very difficult time because of the financial crisis in other parts of the world, the Philippines is probably the only country we have increased the growth forecast as opposed to other places in the world where we actually decreased our forecast,” she stressed.

In its October World Economic Outlook (WEO), the IMF increased its 2012 growth projection for the Philippines to 4.8 percent from an earlier forecast of BRANCHES

Available at:

ADDRESS

4.2 percent in April.

For 2013, IMF’s growth forecast for the country was also upgraded from 4.7 percent to 4.8 percent.

Lagarde said the growth may even reach above 5.0 percent, which is within the Philippine government target of 5-6 percent this year.

“I know that the growth in 2012 will be way in excess of 5 percent and we’re certainly looking forward to 2013 to be in the range of 5.0 percent as well. This is due in no policy/PAGE 9 CONTACT NUMBER

1. QAPI - CDO J.R. BORJA ST., C.D.O.C. 72-40-58/857-4113 2. QAPI-ILIGAN DY PICO BLDG., LUNA ST. 063-221-3646

0917-632-5305 3. QAPI-VALENCIA T.N. PEPITO ST. 088-828-2090

0917-632-5306 4. QAPI-BUTUAN COR. MONTILLA VILLANUEVA ST. 085-815-2422

0917-632-5301 5. QAPI-PAGADIAN San Francisco District 062-214-1754

0917-632-5308 6. QAPI-OZAMIZ J.P. RIZAL COR. LAUREL ST. 088-521-0917

0922-650-1879 7. QAPI-SURIGAO MAGALLANES ST. 086-826-1170

0917-632-5310 8. QAPI-DIPOLOG GEN. LUNA COR. OSMEÑA ST. 065-212-4327

0922-3045-290 9. QAPI-GENSAN SUN CITY SUITES NAT’ HI-WAY 083-301-9002 10. HAPI-OSMEÑA OSMEÑA EXTENSION, 72-63-13/856-4019 11. HAPI-DUMAGUETE MARIA CRISTINA ST. 035-225-1581

0922-8501-349 12. HAPI-TAGBILARAN C.P. GARCIA AVE. 038-235-3037

0922-8501-877 13. SAPI-CARMEN VAMENTA BOULEVARD 858-1660 14. SAPI-PALA-O Palao Extension 063-221-2607

0917-632-5313 15. RAPI-CAPISTRANO CAPISTRANO ST. 856-4929 16. RAPI-TACLOBAN ZAMORA COR. STO. NIÑO ST. 053-325-9957

0917-632-5339 17. CQ-LIFESTYLE CENTER J . R . B ORJA S T .

57-9001-04/ 714136-37 / 857-9094

0922-8228071 18. CQAI-CEBU OSMEÑA BOULEVARD 032-254-5899

0922-8228-068 19. CQAI-IPIL PRES. QUIRINO ST. 062-333-2491

0917-632-5321 20. CQAI-ZAMBOANGA Zone 3, Nuñez St., 0922-8501-339 062-992-2890 21. CQAI-MARANDING HIGHWAY, LALA, LDN 063-388-7116

0917-632-5333 22. CQAI-ORMOC AVILES ST. 053-255-7593

0922-8501-359 23. CQAI-SIDANGAN ZAMORA ST. 065-224-2802

0917-632-5336 24. CQAI-TALISAY Bulacao TALISAY CITY 032-272-1192

0922-8228-065 25. CQAI-TAYTAY No. 9 RIZAL AVE., 02-669-1182

0922-8228-067

6

Monday-Tuesday I Nov. 19-20, 2012

Opinion

BusinessWeek M I N DA N A O

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

BusinessWeek M I N DA N A O

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

The BusinessWeek Mindanao is published by BusinessWeek Mindanao Advertising and Promotions every Monday, Wednesday and Friday of the week with office address at Tanleh Building, Abellanosa, Cagayan de Oro City. It is registered with the Department of Trade and Industry (DTI), Region 10 with Certificate No. 00875701, and with Business Permit No. 2010-5698, TIN No. 946-396-807 – Non VAT. Tel. Nos.: (088)8578447, 74-5380, 0923-432-0687, 0917-7121424

Website: www.businessweekmindanao.com

E-mail : businessweekmindanao@gmail.com DANTE M. SUDARIA Publisher ROSE MARY D. SUDARIA Manager

allan mediante

NELSON CONSTANTINO Editor-in-Chief Dolly pelone Advertising

executive Editor

FELIX SANTILLAN RONALD B. MASTAIL Layout Artists

JOE DEL PUERTO FELICILDA Uriel C. Quilinguing Editorial Consultants

RIZA O. ARES LIEZL A. DELOSO JOE PALABAO Rene Michael BaÑos

ATTY. MARIO T. JUNI atty. roberto a. cantago jr.

Marketing Consultants Legal Counsels

Money matters in marriage THINK a minute…

Does money matter much in marriage? You bet it does!

Did you know that money problems cause some of the biggest problems between husbands and wives! Sadly, in some marriages it doesn’t take long for wedding bells to turn into wedding bills and debts. At the beginning of some relationships opposites attract, but later opposites attack each other.

The husband and wife have different values, so they disagree on how to spend their money and what each thinks is a waste of money.

For example, the husband may like to spend money on beer, fishing equipment, or a television and stereo. But his wife thinks all that is a terrible waste of their money

Speaking out

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

THAT’S the most appropriate word to label the recent petitions filed by three utilities with the Energy Regulatory Commission (ERC) to charge to consumers the cost of their damages arising from Tropical Storm Sendong and the floods arising from it.

When a court uses the word unconscionable to describe conduct, it means that the conduct does not conform to the dictates of conscience.

In addition, when something is judged unconscionable, a court will refuse to allow the perpetrator of the conduct to benefit.

In contract law, an unconscionable contract is one that is unjust or extremely one-sided in favor of the person who has the superior bargaining power. An unconscionable contract is one that no person who is mentally competent would enter into and that no fair and honest person would accept. Courts find that unconscionable contracts usually result from the exploitation of consumers who are often poorly educated, impoverished, and unable to find the best price available in the competitive marketplace.

While we can hardly call the consumers of CEPALCO, MORESCO-1 and the NGCP poorly educated, much less mentally challenged or impoverished, their conduct to take advantage of existing laws which allow this kind of “cost recovery” for a catastrophe like Sendong

Editorial

certainly qualifies that act to be called “unconscionable”.

In a month or so, it will be the first anniversary of Tropical Storm Sendong’s grisly passage through Cagayan de Oro and Iligan. The timing of these three firms petitions with the ERC would also brand them as blasé, deadened to the agony of the throngs of humanity who suffered cruelly in the raging passage of that deadly storm.

Mark the words of Rep. Rufus B. Rodriguez: “We will oppose this at the ERC and Congress. How can they pass on these damages to the consumers who already suffered the floods of Sendong?

There is no legal and moral basis for this claim and we will oppose this petition in every forum it is brought up.”

Or the scathing rejoinder of an enraged member of the fourth estate:“Binuang naman na ila ipasa ang damyos sa Sendong sa ato! Na double dead man ta ana! Dawbe kadtong apektado ug namatyan sa Sendong? Pabayran pa giyod sa damyos? Ka hayahay ba sad nila!”

The petitioners have just successfully thrown years of Corporate Social Responsibility posturings out of the window with these petitions.

Show them they are wrong and withdraw these immediately in the Name of God and Humanity. Have a heart!

and what they should spend their money on, what should they do? They both need to compromise and cut back on their spending, before their debts get bigger. You see, the daily pressure and stress from big debts or loans, can divide and eventually destroy a marriage! Maybe you’ve heard the phrase: “There’s no such thing as a free lunch!” Sooner or later we have to pay! Self-centered, uncontrolled spending will not only cost you money, but it can even cost you your marriage and family!

If you’ve not been responsible in your spending, and your marriage and family are suffering under the pressure and stress from your unpaid debts, then won’t you ask Jesus Christ to forgive you?

Think a minute

JHAN TIAFAU HURST

Then ask Him to take control of your life and how you spend your money? Jesus can give you the self-discipline and willpower you need to finally take control of your money problems, so they will not control you and your family.

Just think a minute…

BSP’s new art collections

Member: -Philippine Press Institute

Unconscionable imposition on the double dead

and income. She wants to buy new clothes and jewelry, or go out to eat at restaurants.

That’s what she enjoys. But her husband cannot understand how anyone would want to waste money on things like that.

There’s a stor y about an old farmer who decided later in life that he wanted to get married. So he put this advertisement in the newspaper: “Lonely farmer looking for a wife. She must be in her 40’s and own a good tractor. Please send photo of tractor.” To say the least, that old geezer was not very smooth. He didn’t even try to hide what was important to him.

So when a husband and wife have very different values on what’s important

IGNACIO BUNYE

HEADS up, art lovers.

The Bangko Sentral ng Pilipinas (BSP) has partnered with the Metropolitan Museum of Manila in showcasing its latest collection of newly acquired artworks.

Its latest exhibit, “Enduring Commitment: New Acquisitions (2009-2012), the BSP Art Collection,” presents 38 of its new paintings and works of sculpture.

“Representing established and emerging local artists, the exhibition is an engaging

visual feast of the various expressions that may have come out in the last decade of the 20th century, and in recent years,” the Metropolitan Museum (MET) explained.

The exhibit will run until December 15, 2012 at the MET’s Galeriya Bangko Sentral.

“Enduring Commitment” showcases some of the works of Filipino National Artists, including Arturo Luz, Jerry Elizalde Navarro and Benedicto Cabrera.

The exhibit also presents the winners of the first Tanaw BSP Art Competition held in 2010 — Gary Custodio (“The Rebuilders”), Melvin Culaba (“Unresolved”), and Brave Singh (“Pagsabay sa Paghakbang ng Ating Mga Pangarap”).

Women artists are likewise represented in the exhibit through the works of Phyllis Zaballero, Yasmin Sison, Geraldine Javier, Isa

Lorenzo and Maxine Syjuco.

Zaballero’s “Handaan” (2011) elaborates on fellow artist Nunelucio Alvarado’s take on the Filipino eating culture. While Alvarado’s “Carinderia” (2009) features an intensely vibrant scene at a local eatery, Zaballero’s work shows a sumptuous display of festive treats and local celebratory dishes such as pancit and lechon.

An artwork by Rodel Tapaya, CCP Artist Awardee for 2012, is likewise included in the exhibit. Tapaya’s painting, “The Miracles of Lumawig,” is an earth-toned interpretation of the works of Lumawig of Bontoc, one of the more enduring characters in indigenous creation myths.

According to the BSP’s monthly newsletter, The Central Banker: “Comprising of conceptual, figurative, abstract, and hyper-realist art, (the paintings) are a fascinating exposition of

the mental workings and motivation of the Filipino artist.”

The BSP art collection is a rich source of inspiration and pride for present and future generations of Filipinos, according to the Metropolitan Museum.

“Consisting of over a thousand artworks, the collection remains one of the most significant institutional collections of Philippine art today,” the Museum added.

Here are some more facts about the BSP art collection that enthusiasts may be interested to know: • Some of the first groups of paintings acquired by the Bangko Sentral in the late 1950s to be displayed in its offices were of the so-called “Mabini art.” These paintings were bought along Mabini Street in the Ermita district, where many of Manila’s art galleries were concentrated during that time.

BUNYE/PAGE 8

Noodles and the Big C. What???

Noodles have become a way of life, particularly for the busy people. Who among us mortals has not embraced noodles and made them part of our meals? But, how safe are our noodles?

Recently, the Department of Health through its Food and Drugs Administration ( FDA ), recalled noodles that are Korean made, as these were discovered to contain Benzopyrene.

Benzopyrenes are polycyclic aromatic hydrocarbons, considered to be a carcinogen. A carcinogen is a substance, a chemical or any factor that can cause mutations or alterations in the cells, through its DNA ( which contains the genetic materials ), the effect of which is the UNCONTROLLED GROWTH of defective cells. Of course, there are other factors like exposure to radiation, certain infectious agents like

Hepatitis B, Papillomavirus and genetic reasons for having the Big C. For now, our focus is on Benzopyrene, as related to our favourite noodles.

Benzopyrene is found in coal tar ( after volcanic eruptions ), exhaust fumes , in cigarette smoke, wood smoke and from burnt, over cooked foods. Imagine the fumes that one gets to inhale while barbecuing with all that fat dripping on blistering charcoal! The exposure is multiplied as the chemical becomes condensed and form part of that barbecued or char broiled food, that you so love ( oops, am not against BBQ- am a fan of it too ). Accordingly, the level of Benzopyrene in a pack of Korean noodles is 0.4- 1.6 parts per billion, which is almost similar to the amount seen in a smoked fish ( another favourite of mine ). And, for the level to

become significant, one must consume 60 cups/ packs of noodles for the Benzopyrene level to approximate that of having smoked 10 sticks of cigarette ( Hmmmm.... ).

This is associated with Big C’s of the lungs, gastric or skin.

It is worth noting that, Big C’s in 90-95% of cases are attributed to lifestyle and environmental factors, with only 5-10% caused by genetic factors. If the cause is genetic, there isn’t much we can do, but, the bigger number is PREVENTABLE. This, we can surely do something to minimize if not totally get away from having the Big C, an opportunity to determine our future. It is a matter of choice: a diet that is balanced and highly nutritious, increasing physical activity instead of being potato couches, avoidance of alcohol and cigarette smoking, ensuring that our cars

Health in Focus

DR. MARY JEAN LORECHE

are not smoke belchers, are but a few of what we can determine to do.

Balance and correct information are important tools, to guide one in arriving at what we call as INFORMED CHOICE. Choosing healthy is your gift to yourself, while being responsible for your actions that can impact other people’s lives, is your gift to others.....

BusinessWeek M I N DA N A O

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Monday-Tuesday I Nov. 19-20, 2012

7

8

Agri News

Monday-Tuesday I Nov. 19-20, 2012

BusinessWeek M I N DA N A O

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Value chain imperative in banana industry growth DAVAO City -- An official of the Department of Trade and Industry (DTI) has called on banana stakeholders to study the industry’s value chain in order to unleash more opportunities and achieve higher growth.

3rd PAS’UNGKO S’G FESTIVAL. Agricultural stakeholders, especially the farmers and fisherfolks, in the province of Misamis Occidental exulted as Department of Agriculture Secretary Proceso J. Alcala has personally handed-over more than P100 million worth of assistance for their respective farming and fishing ventures during the province’s month-long 83rd anniversary celebration on November 14, 2012 at the Capitol Grounds, Provincial Capitol. During the forum – witnessed by more than 1,000 farmers and fisherfolks, including local executives, officials and other esteemed guests in Misamis Occidental – Sec. Alcala assured that the department will carry on in steering the province’s course towards agricultural development, characterized in achieving food sufficiency while also taking into account in alleviating the conditions of farmers and fisherfolks. In behalf of the province, Governor Herminia M. Ramiro received the certificates of award and turn-over from the Secretary. On top of this, Sec. Alcala has committed in establishing a corn mill in the two municipalities of the province, namely Concepcion and Bonifacio and a multi-species hatchery in the municipality of Sapang Dalaga.

Bunye... from page 6

• The biggest painting in the BSP art collection is “Pagdiriwang” (oil, 1956)

by Nat iona l A r t ist Jose Joya. It measures 515 X 700

Peace... from page 1

Front (MILF) already erased, Philexport said Mindanao could realize its full potential and contribute as much as 50 percent to the economy in the future.

“If we achieve a stable Mindanao, we can easily attract 25 percent more com-

Trade and Industry Undersecretary for Regional Operations and Development Group Merly M. Cruz said by looking closely at the value chain of the industry, farmers/growers, exporters and other stakeholders and supporters will know what things must be considered.

The value chain is dependent on the demands set by

the consumers/customers.

Therefore, value chain is market-driven.

“The high market demand is very encouraging. From the market, work backwards,” she said.

Based on records, the industry contributes 34 billion US dollars in annual export earnings.

Cruz added that in study-

ing the various activities and stakeholders involved in the industry, the private sector must work closely with different government agencies so that proper interventions can be implemented well.

“Convergence is the call for the day,” she said.

On the issue of unpredictability of Cardava banana supply, Cruz said the industry must consider the number of hectares needed to achieve the required supply of fresh Cardava banana and campaign for increase in farm areas.

By SUSIL D. RAGAS Contributor

SURIGAO City -- Local R ice a nd Corn Fa rmers in Surigao del Norte can soon avail the local financing and risk insurance program next year, through the Climate Cha nge Adaptation Project (CCAP), said Provincial Planning and Development Coordinator Arturo Cruje.

Cruje said that under the CCAP, farmers will have easy access to credit in support of the house-

hold’s crop production and alternative livelihood ventures, easy access to saving facilities and to formal and informal crop insurance, and further facilitates access to productive services including agri-technolog y training, related agri-support enterprise and business trainings.

The CCAP was funded by the Global Environment Facility through the United Nations Development Programme, an initiative which was

developed and applied f irst to rice a nd corn farmers in areas vulnerable to natural disasters in Agusan del Norte.The project will soon expand to Agusan del Sur and Surigao del Norte by 2013, as part of its “Scaling Up R isk Tra nsfer Mechanism.”

On her part, Governor Sol Matugas is optimistic that through this project “ we will be building disaster-resilient and safer farming communities in the province.

Farmers to benefit local financing, risk insurance program

centimeters and currently hangs at the main lobby of the Philippine International Convention Center.

• The BSP Painting Collection is among a few public collections in the country that hold representative

works of all the National Artists of the Philippines in the field of painting.

• The BSP holds a number of 19th century religious paintings in its art collection. For example, the works of a master painter from

Bohol is well represented in the collection, with “14 Stations of the Cross” and other portraits of saints such as those of “Saint Anthony Abbot” (circa 1840) and “St. Joseph ” (1830).

It would be interesting to

know that despite his anonymity (being only referred to as the “Bohol Master”), the master painter from t he Visaya n prov ince is indeed very prolific. His “14 Stations of the Cross” is presently on display at

the 4th Floor of the Bangko Sentral’s 5-Story Building.

Note: My book, Central Ba n k ing for Ever y Jua n and Maria, is now available at Fully Booked. You may e-mail us at totingbunye2000@gmail.com.

panies to establish their business in the area in the next five years,” Benjamin Kalalo Jr., Philexport trustee for the Housewares sector and the four Philexport chapters in Mindanao, said.

Kalalo said Mindanao could be seeing more investments in key industries, including mining, agribusiness, marine, transport, airline,

shipping, and construction.

Not only that, with the shortage in electricity in the region, he said a favorable business climate in Mindanao will surely attract investors in power generation facilities there.

Also, once the economy has picked up and the purchasing power of residents in the region has increased,

Kalalo said more money will pour in for businesses such as processed food, construction of residential and commercial buildings and malls, and transportation.

Liza Leong, Philexport senior manager, said the group has 650 member exporters in Mindanao current ly. They a re most ly engaged in the production and export of agriculture, marine, and resource-based products such as handicrafts

and furniture.

Ma lacanang is set to issue an executive order (EO) creating the Transition Committee that would guide the formulation of annexes to the Framework Agreement (FRAG) on the Bangsamoro.

“With annexes expected to be due by the end of 2012, both parties are hard at work in preparing the details of the framework agreement, which will comprise the final

peace agreement once completed. An executive order to be issued by President Aquino is expected to be drafted and released two to three weeks from now,” Presidential Peace Adviser Teresita Deles said in a statement.

Deles said the committee would be composed of 15 members—seven from the government and eight from the Moro Islamic Liberation Front (MILF). Next month, the peace panels will meet again in Kua la Lumpur, Malaysia, to draft the annexes to the FRAG. Kalalo said Mindanao can contribute more than 50 percent to the country’s gross domestic product (GDP) should development plans for the area are pursued, processing plants are in place and the peace agreement is fully implemented.

“The island’s economic growth can also double on the back of these developments. It’s huge because in mining alone, large income and [more] economic activities can be gained. With these, hopefully, Mindanao will be a rising star here in the Philippines,” he said.

DreamWorkshop Innovation Engineering Westbound, Crossing Bulua

ACCEPTS: RENTALS: * metal works * Power Tools * wood works * Engineering Equipments * water works * Backhoe * plumbing works * Pay Loader * rock works * Grader * construction works * Bulldozer * home improvement works * Roller * motor works * Generator “Quality assurance and customer satisfaction in our service”

CONTACT : ENGR. DARIO R. MINOZA General Manager CELLPHONE : 09166028598 TELEPHONE : (088) 850-4576

CAGAYAN DE ORO Main Branch P & J Lim Bldg., Tiano Brothers – Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN Branch B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES Branch Corrales Ave., Cagayan de Oro City DIVISORIA Branch Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN Branch Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739a

BusinessWeek M I N DA N A O

Monday-Tuesday I Nov. 19-20, 2012

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Policy... from page 5

due in no little parts to the excellent policy mix deployed both by the Secretary of Finance and the Central Bank of the Philippines,” she noted.

The IMF chief urged the Philippine government to continue its efforts toward an inclusive and sustainable growth.

“We share the government’s view that growth should benefit the broader section of population. Inclusive growth is more sustainable and it is really to the credit of this government to make sure that growth is as inclusive as possible and inequalities can be reduced,” she said.

Lagarde said she is looking forward to the IMF’s continued partnership with the Philippines, especially now that it is a net creditor in the multilateral institution.

Banks... from page 5

Inc.; • Producers Savings Bank; • Rural Bank of Barili (Cebu), Inc.; • Rural Bank of Sta. Catalina, Inc.; • Community Rural Bank of Catmon, Inc.; • Rural Bank of Bay, Inc.; • Philippine Resources Savings Bank, Corp.; • Rural Bank of Pilar (Bataan), Inc.; and • Common Wealth Rural Bank, Inc. “The accreditation issued by the BSP is solely for the purpose of certifying that the loan portfolio of the above-listed ARFIs complies with the qualification requirements prescribed under the relevant law, rules and regulations,” the circular read.

Republic Act No. 10000 or The Agri-Agra Reform Credit Act of 2009 was approved by then President Gloria Macapagal-Arroyo in 2010 to encourage banks to increase their loans to farmers, fisherfolk and agrarian reform beneficiaries.

Innovation... from page 2

Last November 9-11 the DOST-ICTO and ICT Davao held the Innovation Expo 2012 at Abreeza Mall in the city.

The activity gathered local IT players which included developers, innovators, vendors and BPO service providers showcasing their capabilities and new innovations. The Innovation Expo carried the theme Enabling Innovation in Healthcare, Creative and

Project... from page 2

reasons.

She said the contractor notified PRMF that there were rebel sightings near the project area.

When the contractor suspended its works last February 2012, Rendon added, it had accomplished 44.49 percent of the project’s scope.

However, the vice governor belittled the contractor’s

“The IMF is very, very pleased for the historical partnership that we have but particularly pleased that it has now taken the form of a creditor relationship,” she said.

“We will be doing everything we can to support with technical assistance the effort of the Philippine authorities to extend growth throughout the country in all its diversity and into the far end of the country where peace is returning,” she added.

The IMF chief arrived in Manila on Thursday as part of a week-long visit to Southeast Asian countries.

She met Friday morning with Vice President Jejomar Binay at the Coconut Palace before proceeding to Malacanang.

President Benigno S. Aquino III was supposed to receive Lagarde, but begged off as he was not feeling well.

(PNA) The law mandates banks to set aside 25% of their total loanable funds for the agriculture and agrarian reform sectors. Aside from extending loans and purchasing eligible loans from other banks, banks have alternative modes to comply with the law.

These include paid subscription of shares of stock in ARFIs, wholesale lending to ARFIs and investments in the special deposit accounts held by ARFIs. “Under existing regulations, the lending and/or investing bank is required to disclose in its Agri-Agra report submitted to the BSP its exposure to the ARFI...” the circular letter read.

“Such exposure to the ARFI shall be eligible for determining compliance with the agri-agra requirement for as long as the ARFI remains accredited with the BSP,” it added.

The central bank clarified, though, that the accreditation concerns only the Agri-Agra Reform Credit Act and does not serve as an endorsement of the “safety and soundness” of the rural banks.

ICT Industries as it joined hands with the Regional Health Research and Development Consortium XI (RHRDC XI).

The RHRDC-XI has cited the role of IT in health research particularly in the referencing of research materials from IT-based sources.

Aside from health research, the expo also showcased various healthcare solutions in the form of application and software developed by local software developers. extortion reason saying that he heard that the rebels asked only “small things such as sacks of rice and canned goods.”

Zubiri said there was no burning of heavy equipment owned by the contractor.

“I want the project finished, and we’ll get new contractor as there are responsible contractors in our province who can handle and finish this,” he told the provincial board.

Water... from page 1

of last year’s murderous rampage may in the future be its savior.

“Water may be Cagayan de Oro’s pot of gold,” according to the Business Risk Assessment and the Management of Climate Change Impacts—2 Phase study undertaken by WWF Philippines and BPI Foundation.

The study, however, said this will only come true if the city government will use and utilize water “in a socially acceptable, economically viable and environmentally benign manner.”

“What is now seen as a risk, may in fact be transformed into an opportunity…Cagayan de Oro controls the faucet.

Its challenge is to figure out how to manage the pipes,” the study said.

According to a 1998 Japan International Cooperation Agency (Jica) and National Water Resources Board (NWRB) study that was cited in WWF Philippines and BPI Foundation’s report, “a wealth of water will continue to flow down into this coastal development corridor”—meaning the Cagayan de Oro-Iligan Investment Corridor (CIIC)—until 2025.

The boom of Iligan City in the 1950s was due to several large investors lured by Maria Cristina Falls and the conse-

MyPhone... from page 4

belief and support to Miss Earth and its advocacy.

When asked what she can say about MyPhone as a partner, Ms. Schuck shared, “MyPhone, just like Miss Earth, is a Filipino brand.

We’ve always thought it best to work with brands of our own, and as a partner, MyPhone has always been wonderful. We are very grateful for their support.”

quent cheap electric power.

The Jica and NWRB study showed that Cagayan de Oro City’s Exploitable Groundwater as of 1998 was 34 million cubic meters (MCM) as against the 98 MCM Projected Water Demand by 2025. And by 2025, “all major cities in the Philippines will experience water shortages,” said the Policy Brief of the Senate Economic Planning Office entitled “Turning the Tide: Improving Resources Management in the Philippines” released on August 2011.

So while there is still time for the city to reverse the projected water shortages, WWF Philippines and BPI Foundation recommended that “the city must look beyond its boundaries and forge alliances with the towns located above the city.”

“In order to work, these river management alliances must be fair, equitable and founded on the synergies that can arise from public-private participation. They should be driven by scientific fact and management reality, rather than political expediency. The scope and structure of these alliances will be defined by the shape and size of the two major river basins that funnel water through the city,” they said.

Cagayan de Oro is bounded in the east and west by the drainage systems of the Tagoloan River and Cagayan de Oro River, respectively.

“Boxing in the city, like a parenthesis, these two major river basins of Northern Mindanao are fed by rainfall emanating from the high plateau of Bukidnon,” the WWF Philippines and BPI Foundation study said. The city’s uplands receive an annual rainfall of 2800 mm, which is 60 percent higher than the city’s lowlands.

The study also said that making the upper, middle and lower catchments of the Tagoloan River and Cagayan

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City 2012-479 OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL SALE FILE NO. 2012-288

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 Pag-ibig Fund, Bldg., Borja St., Cagayan de Oro City against EUFRONIA B. ALBINO, with postal address at B-4 L-3 VIRGINIA HOMES, PHASE 1, IPONAN, CAGAYAN DE ORO CITY, the mortgagor, to satisfy the mortgage indebtedness which as of September 12, 2012, amounts to THREE HUNDRED TWELVE THOUSAND TWO HUNDRED SIXTY SIX PESOS & 17/100 (P 312,266.17), 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 December 27, 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-93785

A PARCEL OF LAND (Lot 8, Block 4, Psd-104305-018798, being a Portion of Lots 3656, Cad-237, Cagayan Cadastre), situated in the Barrio of Iponan, City of Cagayan de Oro, Island of Mindanao.

Containing an area of EIGHTY SIX (86) square meters, registered in the name of EUFRONIA B. ALBINO.

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, November 7, 2012.

de Oro River healthy through proper management will ultimately “define the climate vulnerability of Cagayan de Oro.” And making this into reality requires a working publicprivate partnership, in which the government will act as catalyst “to get the ball rolling” while the private sector will make sure that the plans and programs continue or “stick to the plan and keep that ball in play.”

But the reality in the city as present events showed, it is the church-led private sector that initiated everything— from forming structures, forging alliances, planning and implementing—to save the city from the so-called waterworld by proper forest management in all catchment areas of the city, especially in Bukidnon province through the Cagayan de Oro River Basin Management Council (CDORBMC).

The CDORBMC, headed by Cagayan de Oro Archbishop Antonio Ledesma, SJ, was formed in November 2010 to protect and rehabilitate the Cagayan de Oro River’s watershed in light of the rampant illegal activities going within the watershed area.

(To be concluded)

Villar...

from page 1 seat in the coming elections, told Mindanao Daily News that she had a talk with Misamis Occidental Gov. Hermie Ramiro regarding plans to bring development projects for the Subanen, Among them is the establishment of a Subanen Ancestral House that would cater to the transfer of technology scheme from the Villar Foundation in regards to livelihood assistance.

Villar said the foundation will held the Subanen by providing them more inputs in technology that would boost their production of native products.

BWM: 12, 19 & 26, 2012

After visiting the 1st Misamis Occidental Coconut Processing Center in Barangay Bolibol in Oroquieta City, Mrs. Villar said she is also donating, through the Villar Foundation, machines for coconut quiremaking and improving the techniques in making coco nets which is now in demand locally and abroad.

Normin...

from page 1 capacity is only 1,616 MW. The low power dispatch of the Pulangui complex due to low water level and the need to uprate the already old Agus Hydro-Electric Power (HEP) plants were cited as reasons for the shortfall causing power curtailment to electric utilities and rotating brown outs among power consumers.

Also a contentious issue in the Mindanao power situation is the privatization of the Agus 4 & 5 power plants.

As a result, current measures are being undertaken to address the power supply problem such as monitoring the daily operations of the Mindanao Power System, maximizing the dispatch of 200 MW Therma Marine Incorporated (TMI) power barges, repair of the Pulangui 4 HEP, uprating of Units 1 & 2 of Agus 6 HEP, and the compliance to the Electric Power Industry Reform Act (EPIRA).

The DOE has also recommended the transfer of two power barges from Visayas to Mindanao; operation of the Iligan Diesel Power Plant, utilization of embedded generation, and the creation of a one-stop shop that will facilitate the entry of power projects in the island.

For Northern Mindanao, applications are coming in for investments in the following projects: 200 MW STEAG Coal-fired Power Plant Expansion, 20 MW Tagoloan Hydro Power, 5 MW Camiguin Wind Power, and 35 MW Bukidnon Biomass project.

NOTICE OF EXTRA-JUDICIAL SALE File No. D-2012-351

Upon extra-judicial petition for sale under Act 3135 as amended filed by Siam Bank ( A Rural Bank), Inc., Lugait, Misamis Oriental against (STEPHEN R. BRIAN/ TEOLAH M. BRIAN a resident of Poblacion, Lugait, Misamis Oriental) to satisfy the mortgage indebtedness which as of June 26, 2012 amounts to P 491,338.78 excluding penalties, charges, attorney’s fees and expenses of foreclosure the undersigned or his duly authorized deputy will sell at public auction on DEC. 15, 2012 at 10:00 A.M. or soon thereafter at the entrance of the Office of the Regional Trial Court Branch 44, Initao, Misamis Oriental) to the highest bidder for cash and in Philippine currency the following property with all improvements to wit: TCT NO. T-38425

MORTGAGED PROPERTIES LOT TD NO. 0204772

LOT : 608-A, Psd-10-042319 PORTION OF LOT : 608, Cad-698, Lugait Cadastre AS SURVEYED FOR : Erlinda S. Monsanto LAND USE : (Cocos) LOCATION : Poblacion, Lugait, Mis. Or. Island of Mindanao BOUNDARIES : NW., along line 1-2 by Lot 611, Cad-698

: NE., along line 2-3 by Lot 609, Cad-698

: SE., along line 3-4 by Lot 608-B Psd-10-042319

: SW., along line 4-1 by Lot 607, Cad 698 AREA : TWO HUNDRED FIFTY THREE (253) sq.m.

More or less BEARINGS : TRUE DESCRIPTION OF CORNERS : 1-2 are old points & the rest are P.S ORIGINAL SURVEY : 4-13-81 SUBDIVISION SURVEY : May 3, 2012

Covered by Tax Declaration No. 0204772 to take effect 2004 together with all existing and future improvements thereon.

Prospective buyers may investigate for themselves the title hereinabove described and encumbrances thereon if any there be.

In the event the auction should not take place on the said date it shall be held immediately on the next day without further notice.

September 14, 2012

ANTONIO A. CAGULANG, JR. Sheriff IV

9

BWM: NOV. 12, 19 & 26, 2012

FOR THE PROVINCIAL SHERIFF NORBERTO F. LABIS Sheriff IV

10

Monday-Tuesday I Nov. 19-20, 2012

BusinessWeek M I N DA N A O

Property

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Property developers bare mixed net income results

TWO Andrew L. Tan-controlled developers -- Megaworld Corp. and Empire East Land Holdings, Inc. -reported mixed net income results for the third quarter despite booking higher revenues, the companies said in separate disclosures on Thursday.

Net income of Megaworld went up 29.87% to P2 billion in the third quarter from P1.54 billion in the same three months last year, as revenues -- mostly real estate sales and rental income -- increased 16.78% to P8.42 billion from P7.21 billion, and costs and expenses grew by a slower 13.05% to P6.41 billion from P5.67 billion.

But the company saw a smaller net income as of September -- P5.7 billion, or 14.93% down from P6.70 billion in the same nine months last year.

Revenues rose by 3.88% to P23.85 bil lion from P22.96 billion, while costs and expenses climbed by a bigger 11.75% to P18.16 billion from P16.25 billion.

“Among product portfolios, the bulk of generated consolidated revenues was derived from the sale of condominium units and residential lots amounting

to P14.61 billion in 2012 compared to P13.03 billion in 2011, an increase of 12.11%,” Megaworld said of its nine-month performance.

Megaworld, incorporated in 1989 as Megaworld Properties and Holdings, Inc., is currently engaged in the development of largescale, mixed-use master planned townships for the middle-income market segment.

In comparison, Empire East recorded a third-quarter net income of P28.84 million that was barely changed from P29 million the previous year.

Third-quarter revenues -- mostly from real estate sales, commissions, and other income -- gained 24.13% to P577.07 million from P464.88 million, but costs and expenses rose by a faster 25.8% to P548.224 million from P435.871 million.

As of end-September, Megaworld held a 61.75%

stake in Empire East, according to the latter’s endSeptember public ownership report.

“Sales generated were derived from various projects including, California Gardens Square, Greenhills Garden Square, Pioneer Woodlands, The Cambridge Village, San Lorenzo Place, Laguna Bel Air Projects and The Sonoma,” Empire East noted.

Still, Empire East saw its net income rise 7.5% to P89.30 million as of September from P83.07 million in the same nine months last year. In the same comparative periods, revenues expanded by 21.83% to P1.73 billion from P1.42 billion, while costs and expenses went up 22.39% to P1.64 billion from P1.34 billion.

Empire East, a former division of Megaworld Corp., was incorporated in 1994 and was formerly known as Megaworld’s Community Housing Division.

Republic of the Philippines PROVINCE OF BUKIDNON Malaybalay City OFFICE OF THE PROVINCIAL GOVERNOR Bids and Awards Committee INVITATION TO BID (Project No. 2012-058) 1. The Provincial Government of Bukidnon, through its General Fund for CY 2012, intends to apply the sum of Four Million Pesos (P4,000,000.00) only being the approved budget for the contract (ABC), to payments under the contract for ITB 2012-058, Project 1 “Supply and Delivery of 4 units Brand new Rescue Ambulance with brand new shuttle type and Project II Supply and Delivery Fertilizer with an ABC of 3,999,955.50”. Any bids in excess of the ABC shall not be accepted.

Unit Approved of Qty DESCRIPTION Budget for the issue Contract Project IP4,000,000.00 unit

4

Brand new Rescue Ambulance with brand new shuttle type Specifications: Brand new 4D56 4-cylinder diesel engine, 5-speed manual transmission, power steering, foldable bench type seating for rescue ambulance personnel for the rear rescue body, complete with all weather rescue ambulance marker stickers, 4 set brand new sliding windows, checkered plate rear step-board for easy access at rear portion.

Accessories: 1 set brand new semi automatic imported rescue ambulance stretcher with lock, 1 set brand new low profile one sided light emitting diode light bar 12V. 2 sets brand new revolving lights class A for the rear portion (Red lens), 1 set brand new low profile siren built-in with multiple tones control module, 1set brand new original factory made crystal type tail lights 12V, 4 sets tire size brand new 185R14 radial tires with 5 stud heavy-duty steel rims, 1 set brand new AM/FM radio system, 1 set brand new spare tire with original 5-stud heavy duty steel rim, 1 set new jack, 1 set brand new tire wrench.

bag

1,530

bag

1,530

Project II-Complete Fertilizer (14-14-14) P1,962,378.00 Urea(46-0-0)

P2.037,577.00

2. The Provincial Government of Bukidnon now invites bids for the said project. Delivery of the goods is required (FOB- PGSO, Provincial Capitol, Malaybalay City ). Bidders should have completed, within 2 years from date of submission and receipt of bids, a contract similar to the project. The description of an eligible bidder is contained in the bidding documents, particularly in Section II. Instruction to Bidders.

3. a.) Bidding will be conducted through an open competitive bidding bidding procedure using non-discretionary “pass/fail” criterion as specified in the Implementing Rules and Regulations (IRR) of Republic Act (RA) 9184, otherwise known as the “Government Procurement Reform Act”. (b) Bidding is open to all interested bidders, whether local or foreign, subject to the conditions for eligibility provided in the IRR of RA 9184.

4. Interested bidders may obtain further information from the Provincial Government of Bukidnon and inspect the Bidding Documents at the address given below from 8 a.m. to 5 p.m. Monday to Friday.

5. (a) A complete set of Bidding Documents may be purchased by interested bidders on November 21, 2012, from the address below and upon payment of a non-refundable fee for the bidding documents amounting to P4,000.00. (b) It may also be downloaded free of charge from the website of the Provincial Government of Bukidnon, provided that the Bidders shall pay the nonrefundable fee for the Bidding Documents not later than that of the submission of bids.

6. The Provincial Government of Bukidnon will hold a pre-bid conference on November 22, 2012, BAC Secretariat Conference Room, BAC Secretariat Office, Capitol Compd., Malaybalay City.

7. (a) Bids must be delivered to the BAC Secretariat Office, Capitol Compound, Malaybalay City on or before 9:30a.m of December 04, 2012. All bids must be accompanied by a bid security in any of the acceptable forms and in the amount stated in ITB Clause 18. (b) Bid Opening shall be on December 04, 2012 at 10:00 a.m., BAC Conference Room, BAC Secretariat Office, Capitol Compound, Malaybalay City. Bids will be opened in the presence of the Bidders’ representatives who choose to attend at the address below. Late bids shall not be accepted.

8. The Provincial Government of Bukidnon reserves the right to reject any bid, to annul the bidding process, and to reject all bids at any time prior to contract award, without thereby incurring any liability to the affected bidder or bidders.

For further information, please refer to: Eng’r. Charito G. Yulo and Aldrin C. Ompad BAC Office, Capitol Compound, Malaybalay City or call telephone # 088-221-3114 / 088-813-2141.

BWM: Nov. 19, 2012

PROVO B. ANTIPASADO, Jr. Provincial Administrator Chairman, Bids and Awards Committee

BusinessWeek M I N DA N A O

Feature

Friday-Saturday I Nov. 9-10, 2012

11

BusinessWeek M I N DA N A O

Billboard

Monday-Tuesday I Nov. 19-20, 2012

11

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Justice Puno formally installed in the law professors Hall of Fame JUSTICE Ricardo C. Puno, Sr., founding partner of the Puno and Puno Law Offices, will be formally installed as one of the “Ten Outstanding Senior Professors of Law”, or in the legal community referred to as the “Magnificent 10”, in the Law Professors Hall of Fame by the Legal Education Board today, Nov. 19, at the Cultural Center of the Philippines.

The Hall of Fame was established by the Legal Education Board, the agency responsible in the administration of the legal education system in the Philippines.

In addition, the Legal Education Board, led by its Chairman, Justice Hilarion L. Aquino, and the distinguished Members of the Board and the Committee, in partnership with the Philippine Association of Law Schools and the Ateneo Law School have invited Justice Puno to give the response on behalf of the ten Hall of Famers and ten posthumous awardees of the honorary title “Law Professor Emeritus”.

Justice Puno joins the Hall of Famers, all well known and highly honored by the

Justice Puno

legal profession, namely: Fr. Joaquin G. Bernas, S.J.,S.J.D., Justice Isagani A. Cruz, Justice Oscar M. Herrera, Sr., Justice Vicente V. Mendoza, Chief Justice Andres R. Narvasa, Justice Florenz D. Regalado, Justice Lorenzo R. Relova, Senate President Jovito R. Salonga and Justice Jose C. Vitug.

Justice Puno has been teaching law since 1949 in the leading law schools as Senior Professor and/or Bar Reviewer. He has authored books in Civil Law, and was a Bar Examiner in Civil and Remedial Law. Many of his former students are now incumbent or retired Supreme

DTI warns public against mislabeled Christmas decors

MALAYBALAY City -- The Department of Trade and Industry (DTI) urged the buying public to be alert and wary of mislabeled products sold in stores, so that they really do get the best value for their money this Christmas season.

Consumers are warned not to rush into buying fake or imitation products that are cheap said Ermedio Abang, DTI Bukidnon Provincial Director, in a statement, “Consumers must check the labels such as the brand or trade mark, name and address of manufacturer, country of manufacture, net quantity,

and toxicity warning, if applicable,” Abang said.

He also said that under the Consumer Act of the Philippines, the manufacturers, importers, distributors, and retailers are liable to consumers for injuries caused by defective and unsafe products as well as for the insufficient or inadequate information on the use of certain products and the hazards they pose.

“Those found not conforming to the minimum labeling requirements face administrative charges which include a maximum fine of P300,000 per violation,” Abang said.

(RLRB-PIA 10, Bukidnon)

THE MEDIA CENTER BUSINESSWEEK MINDANAO Tanleh Bldg., Abellanosa St., Cagayan de Oro City

“I wish to thank my chief information officer, Ms. Mary Grace B. Sta. Elena, for having me attend the training on broadcasting sponsored by BusinessWeek Mindanao Media Center on September 18, 2012. I felt indebted for such an opportunity, given that I fall short of technical skills in writing and broadcasting.

It was indeed a great opportunity for my personal and intellectual growth, so that I can repay the Office with a quality workmanship.

Again, thank you so much for the wonderful opportunity and I look forward to attend trainings of such kind.”

Ruthceli O. Alfeche

Information Officer, Dept of Agriculture, Region 10

We grow minds !

Court and Appellate Court Justices, Trial Court Judges, Senators, Congressmen, Cabinet Secretaries, Ambassadors and leaders in business and government.

He was Co-Chairman of the Supreme Court Civil Code Revision Committee which drafted the Family Code. A former Trial Court Judge, Court of Appeals Justice, Court Administrator, Member of the then Batasang Pambansa and Secretary of the Department of Justice, Justice Puno never left the academe and continued to teach law during his government service and private law practice.

SUDARIA Group of Newspapers (SGN) Head Mr. Dante Sudaria (standing third from right) strikes a pose with the technical people of Global Chips Technologies CDO, Inc. and the editors of Mindanao Daily News, Mindanao Star Balita, BusinessWeek Mindanao, Cagayan de Oro Times, and BWM Magazine after the nearly 3-hour demo on iPod 2 held at the BWM Media Center in Cagayan de Oro on November 14. photo by shaun alejandrae uy

Republic of the Philippines PROVINCE OF BUKIDNON Malaybalay City OFFICE OF THE PROVINCIAL GOVERNOR Bids and Awards Committee INVITATION TO BID (Project No. 2012-057) 1. The Provincial Government of Bukidnon, through its Trust Fund for CY 2012, intends to apply the sum of Six Hundred Forty Eight Thousand Five Hundred Pesos (P 648,500.00) only being the approved budget for the contract (ABC), to payments under the contract for ITB 2012 - 057 “Supply and Delivery of Agricultural Equipment”. Any bids in excess of the ABC shall not be accepted.

Unit of issue pcs

pack

Qty

DESCRIPTION

324

Drum, Plastic, 220 liters capacity, w/ faucet, blue color. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

65

Knapsack sprayer, 16 liters capacity, plastic, good quality.

Approved Budget for the Contract 1,500.00

2,500.00

2. The Provincial Government of Bukidnon now invites bids for the said project. Delivery of the goods is required (FOB- PGSO, Provincial Capitol, Malaybalay City ). Bidders should have completed, within 2 years from date of submission and receipt of bids, a contract similar to the project. The description of an eligible bidder is contained in the bidding documents, particularly in Section II. Instruction to Bidders.

3. a.) Bidding will be conducted through an open competitive bidding bidding procedure using non-discretionary “pass/fail” criterion as specified in the Implementing Rules and Regulations (IRR) of Republic Act (RA) 9184, otherwise known as the “Government Procurement Reform Act”. (b) Bidding is open to all interested bidders, whether local or foreign, subject to the conditions for eligibility provided in the IRR of RA 9184.

4. Interested bidders may obtain further information from the Provincial Government of Bukidnon and inspect the Bidding Documents at the address given below from 8 a.m. to 5 p.m. Monday to Friday.

5. (a) A complete set of Bidding Documents may be purchased by interested bidders on November 19, 2012, from the address below and upon payment of a non-refundable fee for the bidding documents amounting to P 500.00. (b) It may also be downloaded free of charge from the website of the Provincial Government of Bukidnon, provided that the Bidders shall pay the nonrefundable fee for the Bidding Documents not later than that of the submission of bids.

6. The Provincial Government of Bukidnon will no longer hold a pre-bid conference since the Approved Budget for the Contract is below one (1) million pesos.

7. (a) Bids must be delivered to the BAC Secretariat Office, Capitol Compound, Malaybalay City on or before 9:30a.m of November 27, 2012. All bids must be accompanied by a bid security in any of the acceptable forms and in the amount stated in ITB Clause 18. (b) Bid Opening shall be on November 27, 2012 at 10:00 a.m., BAC Conference Room, BAC Secretariat Office, Capitol Compound, Malaybalay City. Bids will be opened in the presence of the Bidders’ representatives who choose to attend at the address below. Late bids shall not be accepted.

8. The Provincial Government of Bukidnon reserves the right to reject any bid, to annul the bidding process, and to reject all bids at any time prior to contract award, without thereby incurring any liability to the affected bidder or bidders.

For further information, please refer to: Eng’r. Charito G. Yulo and Aldrin C. Ompad BAC Office, Capitol Compound, Malaybalay City or call telephone # 088-221-3114 / 088-813-2141.

BWM: Nov. 19, 2012

PROVO B. ANTIPASADO, Jr. Provincial Administrator Chairman, Bids and Awards Committee

12

Monday-Tuesday I Nov. 19-20, 2012

BusinessWeek M I N DA N A O

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com