BusinessWeek MIndanao Oct 31

BusinessWeek

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www.businessweekmindanao.com Issue No. 21, Volume III • Oct. 31-Nov. 3, 2011 Editorial: 088-856-3344

Market Indicators AS OF 5:35 P.M., OCT. 21, 2011 (Friday)

FOREX

PHISIX

US$1 = P42.80

4,333.72 points

; ; Briefly 0.48 cents

66.22 points

Normin’s budget

NORTHERN Mindanao gets the highest allocation in this year’s budget for Mindanao with P42.6 billion a 21 percent increase from last year.

Department of Budget and Management (DBM) director Rolando Toledo said the internal revenue for the said region also increased to P13 billion and that P902 million will be allocated for Cagayan de Oro for infrastructure, personal services and other projects.

“All of these are major developments for the country. This may not be 100 percent but we are getting to the “matuwid na daan” that Aquino promised,” Toledo said.

Business mission

CAGAYAN de Oro City officials visited Gwangyang, South Korea last week in a bid to lure businesses to the city.

The business mission, led

by Mayor Vicente Emano and accompanied by some members of the City Council and other local officials and business group, is expected strengthen trade relations between the two cities.

The group reportedly met with officials of the government of Gwangyang las Friday where they will be building sistership tiesa and various executives from 31 giant companies.

It was reported that those who will be part of the trade mission will spend their own personal funds and will not be entitled to any per diem or reimbursements for daily expenses during the trip as instructed by Emano.

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Solar energy can’t avert power crisis

By BUTCH D. ENERIO Correspondent

S

OLAR power energy alone is not suffice to avert the power shortage in Mindanao because of its very low efficiency rate and its very high cost, an industry player said.

AboitizPower First Vice President for Mindanao Manuel M. Orig Orig said that what Mindanao needs at the moment is base loadpower plants which can run 24/7 and are not climate dependent, just like solar.

Solar power, he said, will only run 16 percent of the time, when there is sunlight.

Orig also defended Energy Secretary Rene Almendras from calls for his

replacement by Cagayan Electric Power and Light family plays bingo onn top of a tomb as they take an early visit to their loved ones at the city Co. (Cepalco) official Dave A cemetery in Brgy. Bolonsiri to avoid the expected crowd during the All Soul’s Day and All Saints Tauli, who accused the gov- Day on Nov. 1 and 2.

PHOTO BY ROLANDO SUDARIA ernment official of being biased against solar energy.

Tauli, in his letters sent to media, accused Almendras of blocking solar power in Mindanao.

Tauli also said the opposition to renewable energy THE series of “red alerts” of all reserves is less than projects stems from “owners in the Mindanao grid last 13.2 percent of the required capacity. When system SOLAR/PAGE 9 week have been dismissed as isolated and is expected reserves are more than sufto normalize once the plants ficient to meet the reserve on scheduled or emergency requirements of the grid, shutdowns are back and the system is considered synchronized to the grid, to be under normal condithe National Grid Corp. tion. The system alert and of the Philippines (NGCP) the corresponding power said in a statement. curtailment, if any, is lifted NGCP said the recent once demand recedes or series of “red alerts” was once there is enough availdue to generation deficiency able capacity coming into caused by the scheduled the grid from the power maintenance of some power plants. plants and the unexpected alert” refers to the system During periods of genshutdown or reduced ca- condition when the contin- eration deficiency, NGCP pability of others. gency reserve is zero or a implements the Mindanao NGCP, as system opera- generation deficiency exists, grid-wide power load curloral vendors are expected to make a heyday as prices of flow- tor, issues Grid Operation while a “Yellow alert” is a tailment to maintain the ers rise more than doubled during the todos los santos.

Notices to grid users. “Red system condition where total POWER/PAGE 8 PHOTO BY ROLANDO SUDARIA

Mindanao power supply grid expected to normalize soon

Business leaders urged to make stand for Mindanao By

AI

EVERA- ACAPA AT Contributor

MATI City Business leaders during Friday’s Asenso at Negosyo Sa Turismo forum held here were urged to make a voice after the Basilan encounter that killed nine soldiers.

Quezon Province Representative Lorenzo R. Tanada III, who was the guest speaker in the forum, asked business leaders to make a stand on how they would want the government to move and forward peace efforts for Mindanao.

“There had been clamor for an all-out war against the MILF but we know that it

wouldn’t be that easy. Businessmen would definitely be one of the most affected sector if we push for an all-out war,” he said.

Tanada has been roaming around the country specifically Mindanao to get the pulse of the people, on what they need and how they would want the government to do after the Basilan incident.

“The President finds it high time to ask the different stakeholders in Mindanao to make a stand. Instead of becoming too emotional, we should be sober and calm to come up with a right analysis,”, LEADERS/PAGE 8

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Economy

Oct. 31-Nov. 3, 2011

BusinessWeek

MINDANAO

Economic team bares P72.11-B projects under the DAP

By APIPA BAGUMBARAN Contributor

S

ENIOR officials from the country’s economic cluster agencies has announced the implementation of P72.11 billion worth of high-impact projects under the Disbursement Acceleration Plan (DAP) of President Benigno S. Aquino III. Toledo said the plan not only The DAP fast-tracks the implementation of around 22 programs accelerates disbursements but and projects, said Department of also ensures that government Budget and Management (DBM) spending translates into greater Director Rolando Toledo, during economic activities.

Among the projects included the recent mid-year economic briefing held at the Platinum in the DAP are the construction Ballroom of Mallberry Suites and rehabilitation of P5.5-billion worth of roads, bridges, flood Business Hotel, here.

control, and other projects, many of which have been damaged in the recent typhoons.

He said these projects already have a completed program of work and many are quick-disbursing projects below P40 million.

In addition, a total of P1.87 billion will be allocated for the rehabilitation of Light Rail Transit (LRT) Lines 1 and 2, including the replacement of worn-out rails, repair and rehabilitation of trains and improvement of train station facilities.

For the Metro Rail Transit

(MRT), P4.5 billion has also been provided for the purchase of additional train cars.

In terms of agriculture and agrarian reform, the Department of Agriculture (DA) will construct and rehabilitate P1.62-billion worth of irrigation, farm-to-market roads and other infrastructure.

Additional funding requirements of P919 million will also be released for the Mindanao Rural Development Project (MRDP), P411 million for the Agno River Integrated Irrigation Project (ARIIP) while P1.29 billion will be

released for the Agrarian Reform Communities Project 2 of the Department of Agrarian Reform (DAR).

The National Statistics Office, DA, DAR, DBM will also conduct a National Survey of Farmers and Fisherfolk (NSFF) with a budget of P625 million.

While the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) will be afforded with a total of P425 million to improve its capacity, particularly on the PROJECTS/PAGE 5

Eid Al-Adha “beef-sharing” festival , Nov. 6 TUBOD, Lanao del Norte, Oct. 29 (PIA) – The Provincial Government will be celebrating the Eid Al-Adha through the Korban “Beef Sharing” Festival at the Provincial Trade Center, Sagadan, here, on Nov. 6, this year.

Gov. Mohamad Khalid Q. Dimaporo said Eid Al-Adha, also known as the “Festival of Sacrifice,” is the second most momentous festival in the Muslim calendar.

“This is an Islamic celebration to commemorate the willingness of Prophet Ibrahim to follow God’s command to sacrifice his son Ishmael,” he said.

Lanao del Norte, the Land of Beauty and Bounty, is the first province in the Philippines that will celebrate this very significant festivity through meat sharing with its constituents, the Governor also said. (PIA-10) 7

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BusinessWeek

MINDANAO

Oct. 31-Nov. 3, 2011

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4 Oct. 31-Nov. 3, 2011

Banking/Finance

BusinessWeek

MINDANAO

Cebuana Lhuillier targets 200 more branches by next year PAWNSHOP chain Cebuana Lhuillier plans to add 200 branches by 2012 in a bid to corner a bigger share of the remittance market.

“We have plans to increase the number of our branches to strengthen our presence nationwide and serve areas where there are no banks or remittance service providers yet,” Philippe Andre D. Lhuillier, Cebuana Lhuillier Services Corp.

(CLSC) vice president, told reporters at the launch of Cebuana Lhuillier’s partnership with Wells Fargo & Company on Friday.

Cebuana Lhuillier formalized its ties with San Francisco-based bank Wells Fargo.

Through the partnership, Filipinos can send up to $1,000 a day to Cebuana Lhuillier branches nationwide for $5.

“We plan to increase our presence in the southern area, in Mindanao,” Mr. Lhuillier added.

Fernando C. Bacungan, CLSC general manager, in a separate interview said the pawnshop chain targets to add “100 more branches” by yearend and “another

100 branches next year.”

Cebuana Lhuillier has 1,500 branches nationwide at present.

Mr. Bacungan said CLSC will open 20 of the 100 branches in Mindanao and the remaining 80 in Metro Manila, other parts of Luzon and Visayas.

CLSC manages the ancillary services and products offered at Cebuana Lhuillier pawnshops. A pawnshop not only extends pawning services, but also remittance services. Clients may also buy insurance at the pawnshops.

Showing confidence in the country’s economy, Cebuana Lhuillier aims to further expand in the countryside with about 200 more branches by the end of 2012.

PSBank plans debt BPI increases loan to deposit ratio sale for acquisitions third quarter of the year, to grow its net income by 6% to P9.6 billion for the first nine months of the year. Return on equity was 15.5% and return on assets was 1.6%.

Total revenues were up by 7% as net interest income improved by 9% fuelled by a P67 billion growth in average asset base. Non-interest income was just slightly ahead of the previous year as securities trading gain fell short by P809 million BPI/PAGE 5

DBP loans to borrowers up by 18.13%

PNB plans to issue long-term deposit certificates

[its] capital base,” and consequently “freely pursue its expansion plans and prepare it for any future acquisition opportunity.”

PSBank President Pascual M. Garcia III in a phone interview on Friday said the debt sale may take place “four months from now” as the bank still has to obtain the central bank’s approval for the plan.

He did not elaborate on PSBanks’s acquisition plans, but should it materialize, it would be the bank’s first.

In a separate disclosure, PSBank also said its board of STATEe-owned Developdirectors also on Thursday ment Bank of the PhilipPSBANK/PAGE 5 pines (DBP) has increased its loans to borrowers to P112.9-billion as of SeptemCAGAYAN DE ORO CHAMBER ber this year, up by 18.13% OF COMMERCE AND INDUSTRY from the P95.5-billion reported during the same FOUNDATION, INC. period last year.

DBP president & chief Oro Chamber Business Development Centre executive officer Francisco Macapagal Drive, Pueblo de Oro, F. Del Rosario, Jr. said that of this amount, the bank Cagayan de Oro City approved P103.5-billion Telefax (088) 859 1426 Bayantel 309 0951, to priority developmental projects. “DBP’s activiMobile 0920 9510998 ties remain directed toAlternate Email: orochamber@gmail.com wards developmental initiaWebsite: www.oro-chamber.blogspot.com tives. We will continue to strengthen our assistance to key sectors of the economy and in the process, assist DO U LUK OLDER DAN UR AGE? Y?

PHILIPPINE SAVINGS Bank, the thrift banking arm of the Metrobank Group, is raising P5 billion from unsecured subordinated debt to strengthen its capital base as it scouts for acquisitions.

In a disclosure to the stock exchange on Friday, PSBank said its “board of directors passed a resolution [yesterday] approving the bank’s issuance of up to P5 billion in unsecured subordinated debt in one or more tranches with a term of 10 years and a call option on the fifth year.”

It added that the “purpose of this issuance is to increase and strengthen

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P1.3 trillion grew by 20% coming primarily from a 44% growth in assets under management.

Loan growth was sustained at 22% over last year and remained broad based across market segments and geographically. The corporate sector loan growth continued to be strong with the following growth rates: top tier corporations (24%), middle market (30%), SMEs (20%), while the consumer loans growth was modest at 11%. Loan to deposit

ratio thus improved from 56% to 66% with the peso component now at 75% from 64%.

Despite the growing loan portfolio, net 30 days nonperforming loans (NPL) remained below the industry NPL at 2.3% with reserve cover of 115%. The Bank’s Basel II capital adequacy ratio (CAR) was 15.9% while Tier 1 CAR was 14.4%.

The Bank’s strategy enabled it to maintain its net interest margin and, despite the market volatility in the

WITH the Philippines showing resilience from the global crisis and the prevailing low interest rate environment, the Bank of the Philippine Islands (BPI) opted to grow its loan to deposit ratio with prudent domestic loans funded by low cost deposits.

As such, the Bank’s asset base of P789 billion and deposits of P625 billion were just slightly ahead of last year. Despite minimal deposit growth, total intermediated funds of

the Aquino administration in enhancing the business climate in the country,” he said.

Del Rosario said that P62.3-billion was approved for the priority areas of infrastructure and logistics, environment, micro, small and medium enterprises, and social services. Of this amount, P30.3-billion went to infrastructure and logistics, representing 26.86% of the bank’s loans to borrowers. The amount has supported projects mostly located in the National Capital Region (NCR), Cordillera Autonomous Region (CAR), Central Visayas, Southern Tagalog, Southern

Mindanao, and Cagayan Valley.

DBP has also provided P13.5-billion to micro, small and medium enterprises, representing 12% of its loans to borrowers.

The said amount financed MSME projects in NCR, Eastern Visayas, Southern Tagalog, Western Visayas, and Central Luzon. DBP has also allocated P11.2-billion to social services, or 9.9% of its loans to borrowers.

Projects funded under the DBP social services program are mainly based in NCR, Southern Tagalog, Southern Mindanao, Bicol, and Central Luzon.

DBP/PAGE 5

LUCIO TAN-controlled Philippine National Bank (PNB) will issue long-term negotiable certificates of deposit (LTNCD) to raise P5 billion to help finance operations.

In a disclosure to the stock exchange on Friday, PNB said it had obtained the central bank’s approval “to issue longterm negotiable certificates of up to P5 billion.”

The issuance of the investment instruments -- similar to time deposits but can be traded in the secondary market -- is scheduled “in the coming weeks, subject to favorable market conditions and compliance with regulatory requirements.”

PNB said it will use the amount raised for “general corporate purposes and further strengthen its banking operations.”

Horacio E. Cebrero III, PNB executive vice-president and Treasury head, said the bank is planning on issuing either five- or five-and-ahalf-year LTNCDs. The issuance will be done in tranches, with the first expected to raise at least P3 billion.

Deutsche Bank AG (Manila), Multinational Investment Bancorporation, Allied Banking Corp. (Allied Bank) and PNB Capital & Investment Corp. have been chosen as arrangers.

PNB raised P6.5 billion from the sale of lower Tier 2 notes in June to refinance maturing Tier 2 notes. It has gotten the central bank’s approval to raise up to P10 billion from the debt notes.

BusinessWeek

MINDANAO

Companies

Oct. 31-Nov. 3, 2011

5

Hedcor brightens the future of 5 OSYs

H

EDCOR Sibulan, Inc. awarded the five Indigenous People scholars a certificate of compl eti on for a 3-month welding course last October 15 during the turnover of annual royalty shares to IP community at the newly inaugurated Tribal Purok at Barangay Sibulan, Davao del Sur. “Dili masukod ang akong kalipay nga sa karon nakita na nako ang akoang kaugmaon.

Makakita nako’g nindot nga trabaho puhon ug posibling masuklian na nako karon akong ginikanan sa pagpadako nila sa akoa. Kini tungod sa Hedcor sa paghatag nila sa ako og higayon nga makaskwela og welding nga libre ang tanan. (My happiness is immeasurable seeing my future endeavor.

Soon, I can have a good job and possibly, I can repay my parents from bearing

me up. This is because of Hedcor for giving me a chance to study a welding course, all for free.),” said John Dave Gulani. The welding course administered

by Technical Education Skills Development Authority (TESDA) was completed by Nestor Concepcion, Arnold Puroc, Jisson Aninipot, Delfin Lanzo, and Gulani who are residents of Hedcor’s host tribal community. They were once out-of-school youths (OSYs) who benefited the program.

“Dako na ayu ang natabang sa Hedcor kanako, sa among pamilya ug labaw sa tanan sa among kumunidad.

Lahi ra gyud among kahimtang sa una kesa karon nga ni abot ang Hedcor diri. (Hedcor aided a lot to me, to my family, and most of all to our community.

When Hedcor came here, there is a big difference in our living status now compared before),” Gulani added.

Projects...

BPI...

enhancement of its Doppler Radar Network (DRN), as well, as to establish a National Meteorological and Climate Center (MCC) with state-of-the-art information technology facilities.

In light of the anticipated reduction in Internal Revenue Allotment (IRA) in 2012, a total of P6.5-billion will also be provided to local government units (LGUs) which are almost completely dependent on IRA for the construction of arterial roads that connect to national roads; rural electrification for barangays and sitios, and other priority projects that have economic impact, preferably directed to poor sectors and communities.

Another P6.5 billion will also be allocated for the various other programs and projects while the Quezon province will be given P750 million development assistance in line with the settlement of National Power Corp. tax liabilities.

from last year as expected. This was however more than compensated for by higher fees and commissions, income from insurance operations, and other operating income.

Operating costs were however higher by 13% with half of the increase arising from salary adjustments and CBA related expenses. Increases were also seen in premises cost, regulatory costs, and other variable expenses. With the Bank’s relatively stable asset quality and sufficient loan loss reserve coverage, the Bank booked lower year to date impairment losses of P1.5 billion.

Aurelio R. Montinola III, President and Chief Executive Officer of BPI said “Despite sustained growth, we are still cautious and monitoring external events and any possible transmission risks to BPI. We have therefore decided to focus on the safety of our assets and the

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CERTIFIED WELDERS . Five out-of-school youth from Bagobo-Tagabawa complete welding course administered by TESDA strike a pose with representatives from their benefactor, Hedcor Sibulan, Inc.

Puroc and Lanzo will render their 200 hours on-job-training (OJT) at Sibulan plant starting November 14 while Concepcion, Aninipot and Gulani were endorsed by TESDA to have their OJT in General Santos City.

Hedcor vice president Engr. Gregorio Jabonillo said, “Aside from providing clean and renewable energy, we from Hedcor are here because we are committed to help the community’s economic growth including the

free education to our host indigenous people”.

Hedcor regularly undertakes Corporate Social Responsibility projects focusing on education, health, reforestation, energization, and livelihood.

AboitizPower’s subsidiary Hedcor is the Philippines largest developer and producer of run-of-rivers hydropower facilities operating in Benguet, Ilocos Sur, and Davao with a total capacity of 150 MW.

maintenance of our yields at the expense of asset growth. Given a risk on, risk off environment, we are communicating more with our customers to provide better than foreign market investor returns and robust, diversified lending growth to help the economy.”

PSBank...

from page 4 Thursday approved a regular cash dividend equivalent to 0.15 centavos per share for the third quarter, for a total P36.038 million.

The record and payment date would be announced after PSBank gains the central bank’s go-ahead.

Asked about the bank’s performance in the January to September period, Mr. Garcia said PSBank earned about the same as last year.

PSBank booked a net income of P1.5 billion in the nine months to September last year, and for the first half of this year, P916 million, which was 13% higher than a year earlier.

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Mindanao Passage Hotline: CAGAYAN (088) 856-9114/856-3702/854-7000 ILIGAN (063) 221-9914/223-3275 OZAMIZ (088) 521-0768/521-0789 DIPOLOG (065) 908-8341/212-2789 BUTUAN (085) 342-8529 SURIGAO (086) 826-8508 DAVAO (082)234-5824 GENSAN (083) 553-5974 COTABATO (064) 421-4175 ZAMBOANGA (062) 992-6114

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Opinion

BusinessWeek MINDANAO

Talking to the Dead THINK a minute…

A cemetery in Indiana, America has a gravestone with these words on it: “Stop stranger, when you pass me by. As you are now, so once was I. As I am now, so you will be. So prepare to die, and follow me!” A person walking by added these words underneath: “To follow you I’m not content, until I know which way you went!”

Do you sometimes wonder where your family and friends who’ve died are now?

Do they want you to come where they are? Don’t you wish they could talk to you?

Where are all those people

now who suddenly died in the World Trade Center in New York City on September 11, 2001?

Jesus Christ made it very clear that we already know where we’re going after we die, since it’s only now that we can choose where we’ll live after we die. He warns us that it will be too late after we die to choose or change our mind.

Jesus said there are only two choices: to completely believe Him and live His way everyday, or, to keep living our own way. Heaven or hell. Jesus said there’s no in-between place for nice, good people who won’t ask

for His gift of forgiveness and live for Him every day.

None of us is perfect. We’ve all done some things wrong that we need Jesus to forgive us for and start changing in our character and way of living.

So we don’t need to talk to the dead to find out about life after death. Jesus Christ has already told us the truth and everything we need to know to go where we want to live after we die—together with Him and His true family in heaven.

So for your own peace of mind and safety, won’t you ask Jesus to forgive you for living your own way before

Sports Tourism In the late 80’s we follow the Tour ng Pilipinas through the hot shot cities of the Philippines. Every year during the summer period corporate sponsors bank rolled by a famous cigarette brand brings out the best of the Filipino professional cyclist to the road. From the cool winds in Tagaytay, riders compete in the road for honors and prizes up to the blistering summer heat in Tarlac to Pangasinan. Up to the penultimate route that goes up to Baguio City from La Union Province, the likes of Cornelio Padilla, speedster Rodrigo Abaguita, Reynante and many others who earned the tag as “Eagles of the Mountain” were discovered and written in the sports page of the leading national newspapers in the country as the best riders at that time.

There is euphoria and human interest that goes with any sports competition. The athletic talents, adulations and competitiveness of a team or an individual create a throng of followers. It brings the whole town cheering for their homegrown athletes.

Team owners and support staff travels and sometimes

“A single PBA team spends an average of P350, 000 per travel, airline tickets, meals and hotel accommodation for a provincial game.” the whole nation travel their fingers scanning the sports pages.

A ragtag football team assembled in less than two years period of active competition captured the imagination of the whole country that there is hope that we Filipinos can excel in a fast running game dominated by the Europeans. The dreams of a world cup stint fantasies the youth and it raises air in our adrenalin.

In boxing, we have proven ourselves as world class champions to reckon with. The names of Elorde, Penalosa, Pacquiao and Donaire are household names that even toddlers can recognize them. In basketball, we may no longer win a major championship against the hefty Koreans and the behemoths Chinese with their Mongolian prowess but it remains

the most popular sports in our country. Players in the professional league are the most traveled to the major cities and the most followed. Who among Filipinos do not know James Yap? Even the bandits in Al Barka, Basilan can recognize and knows Asi Taulava, the color of his hair dye is even copied.

Sports events create tourism interests. Major athletic competitions draws patronage and sports heroes and celebrities are natural attractions for people to go out and spend whenever they are featured competitors.

A single PBA team spends an average of P350, 000 per travel, airline tickets, meals and hotel accommodation for a provincial game. Multiply it with two teams, officials and national sports journal-

BSP assists banks in typhoon-ravaged areas THE re cent typho ons and tropical storms such as “Pedring,” “Mina” and “Juaning” have brought much devastation to various cities and provinces in the country. While media reports normally focus on the loss of lives, resources and property, little is said about the storms’ effects on the banking system.

Figures from the Bangko Sentral ng Pilipinas (BSP) Supervisory Data Center indicate that 450 head offices and 1,812 branches of banks are located in the areas affected by September’s Pedring.

As a consequence, banks in the typhoon-affected areas have experienced the

following problems: • Higher past due loan ratio with the borrowers in the affected areas now having difficulty paying their obligations on time; • Inability to comply with legal reserves due to an unexpected decline in loan collections; and • Delay in the submission of mandatory regular BSP reports due to damages in bank facilities and records/ systems.

The National Disaster Risk Reduction and Management Council (NDRRMC), in its report dated October 11, 2011, listed 35 provinces of Regions I, II, III, IV-A, IV-B, V, VI, the National Capital Region, and the Cordillera Administrative

Rediscounting is a privilege of a qualified bank to obtain loans or advances from the BSP using the eligible papers of its borrowers as collaterals.

Region as affected by Pedring.

Particularly hard hit were the provinces of Quirino, Isabela, Nueva Ecija, Nueva Vizcaya and Cavite, including the cities of Malabon, Navotas and Marikina, which were declared under a state of calamity.

To assist the thrift banks, rural banks and cooperative banks in these areas, the Monetary Board has approved the grant of temporary regulatory relief, as follows: • The exclusion of bor-

rower loans in affected areas during a temporary grace period for payment or upon their restructuring and subject to reporting to the BSP; • The reduction of the five percent general loan loss provision to one percent for restructured loans to borrowers in affected areas; • The non-imposition of penalties on legal reserve deficiencies; • Moratorium without penalty on monthly payments due to the BSP;

• The booking of allowances for probable losses on a staggered basis over a maximum period of five years for all types of credit; • The non-imposition of monetary penalties for delays in submission of supervisory reports; and • The provision by banks of financial assistance to typhoon-affected officers and employees.

Also, rediscounting banks are granted a 60day grace period to settle outstanding rediscounting obligations upon application, and are allowed to restructure with the BSP on a case-to-case basis.

Rediscounting is a privilege of a qualified bank to obtain loans or advances

THINK A MINUTE

JHAN TIAFAU HURST it’s too late? Then ask Him to take full charge of your heart and help you start living His way every day, for the rest of your life.

Just think a minute…

TRAVERSING THE TOURISM HI-WAY

PED T. QUIAMJOT ist; it would cost a modest P800, 000 to stage an out of town professional basketball games.

And how much will it cost to bring the American Soccer Team headed

by David Becham for an exhibition match against our Azkalls Team this December in Manila? The amount of travel, interest and patronage? Only MVP will know as he is the principal sponsor, donor and benefactor.

Sports tourism could be the biggest drawer. When the summer Olympics reels off in London next year, the economic impact is insurmountable. Major credit card billings will total to billions of dollars from London. The whole country will be filled up with tourist that even their Piccadilly Park will be on standing room only.

SPEAKING OUT

IGNACIO BUNYE from the BSP using the eligible papers of its borrowers as collaterals.

Note that in the past, the Monetary Board has also granted similar temporary regulatory relief to banks in areas affected by typhoons Mina and Juaning.

Note: You may email us at totingbunye2000@gmail. com.

BusinessWeek

MINDANAO

Views.Opinion

Tatak GP, Tatak Bida!

I HAD the opportunity to interview the Misamis Oriental Provincial Health Officer, Dr Ignacio Moreno, during the taping of Dynamic Living the Total You, together with his energetic and very accommodating staff, on their health programs. The focus of the discussion was the Garantisadong Pambata, aptly called GP. Being a Medical Doctor, at first glance I really thought it stood for General Practitioner!

Garantisadong Pambata, is a continuing program, which started as early as 1986 ( or thereabouts ), with maybe different names attached to it. But this time, this program is multi sectoral , and inter agency. Where before it was the sole responsibility of the Department of Health in implementing the program, this time, the Department of Education, the Local and Interior Government, Social

Welfare and Development, are active participants as well.

But, what really caught my attention and admiration for the program is its Holistic approach to the health needs of children ages 0-14!

Cognizant of the role of children in the society, them being the future pillars of the country, the Government expanded the components of the program. Immunization, Micro- nutrients supplementation, De-worming and breast feeding are the mainstays of the program. The addition of proper brushing of the teeth, hand washing, use of toilets and no smoking, completes the package! I agree with Dr Moreno, when he said that the expanded Garantisadong Pambata is now geared towards a Holistic approach. The families and caregivers, members of the community have each a role in making sure that children are nurtured in a safe and healthy environment.

HEALTH IN FOCUS

DR. MARY JEAN LORECHE-DIAO Looking more closely into the GP, I would safely say, that these are public health concerns. I have always been an advocate of Preventive Medicine. An ounce of prevention is always better and less costly than a pound of cure. Thus, making safe and healthy our children, should be everybody’s concern. Quoting Dr Juan Flavier then, I should say Let’s DOH It!

FRANCHISORS typically prohibit their franchises from having investments in or performing services for a competitive business. This prohibition is intended to protect confidential information, maintain the Franchisor’s revenue, prevent the use by competitors of the Franchisor’s know-how and focus the Franchisee’s efforts on his franchised business.

Such prohibitions are sometimes limited to the Franchisee’s territory or a larger territory, but frequently have no geographic limitation. Prohibited competitive business may be defined broadly, including related types of business. Such prohibitions are a deterrent to the Franchisee and a risk to termination of his franchise if he does not comply. We call that the COVENANCE clause in the Franchise Agreement.

Franchisors restrict transfers of their Franchisees in order to maintain control over the persons who operate them.

Such restrictions should apply to the franchise agreement,

MARTIN NIEVERA & SARAH GERONIMO WHAT LOVE IS…. LIVE! IN CAGAYAN DE ORO Music Corporation, the music arm of Viva set up

by Mr. Del Rosario. Viva has since diversified into music, television, concerts, artist management, and events. It is now being run

by Vic’s kids Vincent and Veronique with Vic as their consultant.

Meantime, Martin is looking forward to his first ever team-up with Sharon Cuneta on Feb. 11, 2012 at the Smart Araneta Coliseum. In a recent TV interview, Martin also expressed his desire to do a concert with Pilita Corrales who introduced him to Vic del Rosario in the 80’s and started his stellar career with the international hit “Be My Lady.”

Mr. Jesus T. Bosque, Assistant Vice President and Special Assistant to the Chairman for Vismin Operations of Viva Communications Incorporated said Martin and Sarah’s concert in Cagayan de Oro will feature musical direction by veteran arranger Mr. Louis Ocampo with a full band complement from Manila.

Produced by FEMAN Concert and Events the show happens on November 4, 2011, Friday, 8:00pm at The Atrium – Limketkai Center. Tickets are priced at P350, P700, P1000, P1500 and VIP P2000 (numbered seats) and are available at the Limketkai Customer Service, The Park Café 24/7 and at choice ticket outlets and select establishments around the city.

7

Franchise relationship, Part I

The Night Stalker:

THE City of Golden Friendship will once again host Concert King Martin Nievera who’ll be coming back to back with Popstar Princess Sarah Geronimo in Viva Concerts “MARTIN NIEVERA AND SARAH GERONIMO in What Love Is – The Philippine Concert Tour” Live in Cagayan de Oro” on Friday, November 4th, 2011, 8pm at The Atrium of Limketkai Center.

Both artists have been frequent visitors of Cagayan de Oro but this time Sarah is coming off her recent PMPC Star Award Awards for Music where she was named “Best Female Recording Artist” during the awards night held 16 October at the Ateneo de Manila University Lee Irwin Theatre. Sarah’s career took off in 2002 when she bagged the grand prize in “Star for a Night”.

Meantime, Martin is set to jam with Side A in Viva’s 30th anniversary celebration with “All For 1” at the Smart Araneta Coliseum on Nov. 11. The concert officially kicks off Viva Films’ year-long 30th anniversary celebration and marks the date when Viva released the first-ever Sharon CunetaGabby Concepcion movie, “P.S. I Love You” exactly 30 years ago.

Martin and Side A both have a lot in common with Viva CEO Vic del Rosario.

Martin wrote the lyrics for the theme for “Wanted: Perfect Mother” one of Viva’s most successful movies while Side A scored their initial successes during their stint with Vicor

Oct. 31-Nov. 3, 2011

BusinessWeek

ownership of Franchisee and the assets of the Franchisee’s business.

Typically the Franchisor reserves the right to approve the transferee and the terms of transfer. The right to approve the terms of transfer is important to insure that the buyer of the Franchisee’s business does not substantially overpay for it, or accept burdensome payment terms, which could jeopardize his ability to operate the business in compliance with the terms of the franchise.

Some franchise agreements merely provide that the Franchisor will not unreasonably withhold approval of a transfer.

Others specify in considerable details the criteria for approval relating to the proposed transferee and the terms of the transfer.

It is common for Franchisors to reserve a right of first refusal to buy the Franchisee’s business on the same terms as are offered by a bona fide purchaser.

Franchisors exercise this

FRANCHISING

RUDOLF A. KOTIK right to acquire franchised businesses as company-owned outlets and, occasionally, in lieu of denying approval of a proposed transfer when the Franchisor is unsure that it has sufficient grounds to disapprove a prospective transferee.

Rudolf A. Kotik is the Founder of RK Franchise Consultancy who developed more than 400 Franchises in the Philippines and can be reached through rk@rkfranchise.com

8 Oct. 31-Nov. 3, 2011

Aggie.News

BusinessWeek

MINDANAO

Mambajao Food Terminal prompts economic opportunities THE municipality of Mambajao, in the island-province of Camiguin is on track in luring more economic opportunities to thrive in the area as the Department of Agriculture Regional Field Office 10 (DA-10) through the Agribusiness and Marketing Assistance Division (AMAD) has turned-over, recently, an P 11 millionworth Municipal Food Terminal (MFT).

The said food terminal, occupying a 513-square meter land area, is strategically located at the prime commercial lots near the Mambajao Public Market.

On one hand, the municipal local government unit contributed P 1 million of the total project cost, covering site development. On the other hand, DA-AMAD shouldered the rest of the expenditure that totalled to P 10 million, in payment for the construction of the building.

With the project at hand, it will provide targeted beneficiaries, ranging from farmers, fisherfolks, down to the consumers greater access to basic food necessi-

ties that are safe, nutritious and affordable.

According to Engr. Leandro H. Gazmin, Director of the Agribusiness and Marketing Assistance Services, the inauguration of the MFT also coincides with the National Consumers’ Welfare Month celebration, which carries the theme “Sapat, Ligtas at Abot-Kayang Pagkain para sa Lahat”.

Apart from guaranteeing a direct linkage, wherein producers are brought closer to buyers, he added, that the project would ensure maximized productivity and income of farmers and fisherfolks in Mambajao, including that of its neighbouring municipalities as their agricultural produce is assured of a market.

In addition, Dir. Gazmin explained that through the MFT, adequate supply and stable prices of agricultural commodities would be highly feasible as it slashes trade layers and transportation fees that pad the cost of farmers and fisherfolks’ goods from farm gates to the consumers.

Meanwhile, Constancio

With much pride and delight, Hon. Mayor of Mambajao Ma. Luisa D. Romualdo symbolically accepts full responsibility of the maintenance and workability of the MFT from Engr. Leandro H. Gazmin, Director of the Agribusiness and Marketing Assistance Services.

C. Maghanoy, Jr., Regional Technical Director for Operations of DA-10 revealed the department’s shift of stance in extending aid to agricultural stakeholders.

Instead of doling out the provision of projects, he said, that DA is keen in implementing long-term and sustainable interventions. Among the department’s priority programs, he said, include infrastructure projects such as irrigation, farm-to-market roads (FMRs) and post-harvest

facilities.

To support to the project’s enduring operation, RTD Maghanoy pledged that the department will carry on in coordinating with the LGU in conducting farming imperatives, from the pre-production stage up until the marketing phase.

He also deemed, the importance of the food terminal’s workability by properly organizing and managing producers. If and when, such state will prosper, RTD

The opening of the Municipal Food Terminal (MFT) in Mambajao signals more economic opportunities to flock within the municipality as farmers and fisherfolks are given a good venue to sell their agricultural produce at exceedingly low prices due to the trimming down of trading layers brought about by the MFT. The ceremonial turn-over of the building is graced by (L-R) Engr.

Leandro H. Gazmin, Director of the Agribusiness and Marketing Assistance Services; Hon. Jurdin Jesus M. Romualdo, Provincial Governor – Camiguin; Hon. Pedro P. Romualdo, Representative Lone District – Camiguin; and Hon. Mayor of Mambajao Ma. Luisa D. Romualdo.

Maghanoy is optimistic that the constituents can focus on seeking out additional agricultural produce that are barely available within their municipality and from its adjacent localities.

Accepting the formal turnover of the project are the residents of Mambajao, led by Honorable Mayor Ma. Luisa D. Romualdo.

Also, joining her is Hon. Pedro P. Romualdo, Representative Lone District – Camiguin; Hon. Jurdin Jesus M. Romualdo, Provincial Governor; Engr. Renero G. Torion, Provincial Agriculturist; Dr. Louis Bollozos, Provincial Veterinarian; and other esteemed officials and guests. ### (joanne l. olson, da-10)

PDEA, Bukidnon government dismantle P4.5-M marijuana plantation

By ANN NOBLE Bukidnon Bureau Chief

MALAYBALAY CITY, Bukidnon --- An estimated P4.5 million worth marijuana plantation in Sitio Salirongan of Barangay Cananga-an in Cabanglasan town of this province was dismantled this week by the local government and the operatives of Philippine Drug Enforcement Agency (PDEA) – Bukidnon.

Lumads or indigenous people (IP) belonging to the Umayamnon tribe in the said village turned over on Thursday, October 27 an initial 30 sacks of dried marijuana plants to the operatives of PDEA and to the local government led by

Bukidnon Governor Alex P. Calingasan and Cabanglasan Mayor Rogelio C. Castillanes.

The initial bulk turned over to the authorities was just part of an estimated 40-50 hectare plantation sporadically planted with the illegal drug.

The PDEA operatives that initiated the “Oplan Salirongan” said this is the biggest drug haul in Mindanao so far.

The town of Cabanglasan has been on the watch list of PDEA as reports said some of its remote sitios near the adjacent province of Agusan del Sur are being used as plantations for the illegal drug.

From the PDEA –Bukid-

PANEDOTTE PASTRIES

non team leader who requested not to be named, at least three towns of Bukidnon were identified by PDEA as hotspots for marijuana plantations. These towns located along the boundaries of the province were Cabanglasan (along Agusan province), San Fernando (Along Davao province boundaries) and Talakag of which part of its remote barangays are along the boundaries of Lanao province.

Governor Alex Calingasan said this is just the tip of the iceberg as the provincial government intensified its campaign to dismantle marijuana plantations in the province.

According to Governor Calingasan, a wife’s challenge to address the problem on drugs in the municipality or vacate the government post started also the massive campaign against illegal drugs in the municipality of Cabanglasan.

He said, Cabanglasan

Power.. from page 1

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

power grid’s security and reliability. “It is NGCP’s obligation under the law and its franchise to ensure that the grid operates at an optimum level with due consideration for safety, security and reliability,” stated Cynthia P. Alabanza, NGCP spokesman and adviser for external affairs.

“The level of curtailment is based on the Mindanao generation deficiency matrix issued to us by PSALM/ NPC. NGCP does not, by itself, determine which franchise area or distribution utility gets what portion of the available supply. We only follow a matrix supplied to

Actual burning of the dried marijuana turned over by the IPs to the local government of Cabanglasan.

Mayor Castillanes’ wife made the challenge to her husband when reports reached to the mayor’s wife that school children in the area are starting to get hooked to marijuana.

It was learned from PDEA that marijuana proliferates in the area for more than 10 years already but the drug problem was unresolved because of the indigenous people’s resistance to put an end to its propagation due to economic reason.

A sack of marijuana in the

us by Power Sector Assets Liabilities and Management/ National Power Corp.”

Alabanza said beginning October 19, NGCP implemented load curtailment based on PSALM/NPC’s matrix when available reserve energy levels dropped to negative 12 MW, and persisted until October 24 when reserves were at negative 45 MW. “Grid conditions improved to a yellow-alert status on October 25, the day one of the plants on scheduled maintenance went back online. Still, the reduced capability of other plants led to a situation where the available reserves were insufficient to meet the grid’s required contingency.”

hinterland costs P 200-400 but PDEA operative here said that it could fetch P4-5 thousand for its street value per sack and could go as far as P15-20 thousand when repacked by street sellers.

According to Provincial Legal Consultant Jeoffrey Sayson, the provincial government pledged a livelihood assistance fund for the Umayamnon lumads who surrendered the marijuana plants to the government.

Tribal elders Apo Manggarin and Datu Imbatodog were negotiated by Mayor Castillanes to turn over to the government the marijuana plants and stop totally the plantation informing them that planting of marijuana is illegal.

Villagers told they are not aware it is illegal and revealed they were encouraged to plant marijuana long ago by individuals from outside the village with promise for regular buy out.

The IPs among others asked the provincial government for basic support services such as education, road and bridges to help them make a start.

Governor Calingasan planned on making Sitio Salirongan a pilot area for development among the IPs in return for their cooperation.

An undisclosed date was scheduled for the uprooting of the marijuana plants in Sitio Salirongan, PDEA operatives said.

Leaders..

with the MILF. “This way the government could also test the sincerity of the MILF in discrediting their rogue elements and in respecting the agreement with the Philippine Government,” he said.

Tanada who is also the party spokesperson was invited by the City of Mati in its celebration of Sambuokan 2011 and the 108th Foundation Anniversary of the said city.

from page 1

he added.

The representative said the president decided on a two-pronged approach to get that all-out justice. First is by way of a calculated and targeted enforcement of the law against those who have violated and those responsible for the death of the soldiers. Second, Pres.

Aquino would still want to continue talking for peace

BusinessWeek MINDANAO

Congress.Watch

Oct. 31-Nov. 3, 2011

9

Abolition of government corporations gets support A MEASURE seeking to abolish underperforming Government-Owned and Controlled Corporations (GOCCs) and Government Financial Institutions (GFIs is getting support not only from members of the House of Representatives, but also local leaders who see the need for austerity programs in government.

Cagayan de Oro Rep. Rufus Rodriguez, author of the bill, also sought the closing down of Manila Gas Corp., Northern Foods Corp., Philippine Institute for Development Studies, Philippine Convention and Visitors Corp., and Philippine Center for Economic Development.

Co-author and Abante Mindanao party-list Rep. Maximo Rodriguez proposed to provide two and a half month salar y as separation pay to all officers and employees of underperforming GOCCS and GFIs that would be abolished.

Camarines Sur Gov. Luis “L-Ray” Villafuerte Jr. expressed his support to House Bill 2867, which promotes spending only for things that are vital to the country by removing excess expenses from 36 GOCCs and GFIs, that are “unnecessary, underperforming and losing.”

In a letter dated October 18, Villafuerte informed President Benigno Aquino III that the approval of the legislative proposal would save a total of P7.28 billion in government subsidies to 120 state-run firms over the period from January to May this year alone.

“We are one with the s ent iments of t he bill authors that the continued operations of these state-run firms have put a strain on the government’s budget deficit,” Villafuerte said in his letter.

The young Villafuerte urged the Chief Executive to abolish the Partido Development Administration (PDA) claiming that the

GOCC has been operating at loss of P66.24 million in 2008 and P33.35 million in 2009.

He claimed that PDA’s foreign loans and national debts amounts to more than P1 billion, which is allegedly being paid and assumed by the national government. “We believe that the PDA has done little to alleviate poverty in Partido Area and that its debts, expenses, etc are not commensurate with what our people deserve,” he claimed.

Villafuerte said the PDA was created in 1994 by Republic Act 7820 as a corporate entity tasked to oversee the development of 10 municipalities in the fourth district of Camarines Sur that became operational in October 1997.

The PDA is included in the 36 “unnecessary, underperforming and losing” GOCCs and GFIs, which House Bill 2867 wants to abolish.

Solar..

plant we propose cannot in any way be made unnecessary by the RE-based power plants most favored

by Mr. Tauli---solar PV [photovoltaic]. A baseload plant by definition provides a reliable foundation of power generation for a power grid. It should be able to run 24 hours a day, 365 days a year on reasonably priced fuel,” Orig said.

Orig also underscored solar as not reliable as fossil-based power plants; it is also very costly.

“One hundred megawatts (MW) of solar PV w i l l c o s t t h e c ou nt r y

around P2.5 billion a year even if it will only provide less than 2 percent of Mindanao’s annual power generation,” Orig said.

To recover the cost of the investors of solar power, Filipinos power consumers nationwide will be made to pay P2.1 billion in subsidy for 20 years.

“P2.1 billion can build us 2,625 classrooms in 20 years; you do the math,” Orig said.

Other power producers will have to sell their power in the free market without subsidy, making the playing field uneven, he said.

from page 1

ers and proponents of oil- and coal-fueled power plants…” and that “Renewable Energy (RE)-based power plants will make unnecessary the coal-power plant proposed for Davao City.”

Aboitiz is proposing to build a 300-megawatt (MW) circ ulating f luidized-bed power plant in southern Davao and five run-of-river hydropower plants in Davao City, Davao del Sur and Bukidnon.

“The 300-MW baseload

Rep. Rufus B. Rodriguez of the 2nd District of Cagayan de Oro City participates during the hearing of the Committee on Basic Education and Culture on House Bill 3000 (renaming Gusa National High School into Gusa Regional Science High School-X) which he authored together with Abante Mindanao Rep. Maximo Rodriguez. The bill has already been approved on third reading and is awaiting the action of the Senate.

AMLA bill OK’d on second reading THE HOUSE of Representatives recently approved on second reading a “watered-down version” of a bill intended to strengthen Republic Act 9160 or Anti-Money Laundering Act (AMLA), with the authors claiming the amendments introduced during the floor deliberations effectively defeated the purpose of the measure.

A provision in House Bill (HB) 4275 that would have allowed the Anti-Money Laundering Council (AMLC) to inquire into or examine bank accounts of suspected money launderers without informing the account holders, provided there was probable cause, was removed.

The amendment did not sit well with author and Cagayan de Oro City Rep. Rufus B. Rodriguez (2nd district), who said the bill has been rendered “ineffective.”

“The bill has been watered down. Without that phrase, the court would have to notify the owner of the bank account, who can now withdraw the money believed to have been acquired from illegal means,” he said in a phone interview.

He explained that the present practice of informing suspects of money laundering that their accounts would be investigated “has constantly hindered the authorities from making arrests.”

During the floor deliberations, House Minority Leader Edcel C. Lagman (1st district, Albay)

proposed the phrase “after due notice and hearing,” which would require the AMLC to secure an order from the Court of Appeals before it could look into suspected accounts.

Depositor would also be informed the AMLC would examine their bank accounts.

Parañaque City Rep. Roilo S. Golez, another author, said the bill is now “less strong” after the amendments, but hoped the Senate banks, financial institutions and currencies committee, which is discussing the same measure, “will move to give the bill more teeth.”

“We let [the amendment] pass in order not to delay the proceedings.... We will continue to fight in the [bicameral conference committee],” he added in a text message.

Senator Sergio R. Osmeña III, chairman of the Senate banks, financial institutions and currencies committee, refused to comment until he has read the House bill.

Lawmakers at the House also lowered the maximum penalty for offenses to P100,000 from the P500,000 the House banks and financial intermediaries committee had proposed.

They also deleted a provision in HB 4275 that would have allowed the AMLC to issue a freeze order effective for a period of 20 days, five days longer than the current

15 days, without informing an account holder, Leyte Rep. Sergio F. Apostol (2nd district), chairman of the House banks and financial intermediaries committee, said in a chance interview on Wednesday night.

“There was a move to delete it. We agreed because the AMLC can apply for a freeze order from the [Court of Appeals],” he said.

After stripping the bill of its “essential features,” Mr. Rodriguez said what remained as the most significant amendment to AMLA is the expansion of the list of institutions required to report suspicious transactions. Added to the list were casinos, real estate agents and jewelry dealers.

Kidnapping for ransom, drug dealing, illegal gambling, graft, plunder, piracy from high seas and robbery and extortion were added as predicate crimes.

AMLA, approved in 2001, defined money laundering as a criminal offense and formed the AMLC, which is the central monitoring and implementing council.

Money laundering refers to is a crime whereby proceeds of an unlawful activity are transacted to make them appear to have originated from legitimate sources, according to the AMLC website.

The AMLC could not be reached for comment regarding the changes to HB 4275.

BusinessWeek MisOr•Today 10 Oct. 31-Nov. 3, 2011 Misamis Oriental marks Universal Children’s Month

MINDANAO

By MIKE BAÑOS Correspondent

THE Early Childhood Care and Development Department of Misamis Oriental marked the worldwide celebration of Universal Children’s Month every October with a day-long event Friday, 28 October 2011 at the provincial capitol grounds in Cagayan de Oro City with the theme: “Local Council for the Protection of Children (LCPC) Para sa Bright Child: Pakilusin, Pal-

akasin, Pagtulungan Natin!

The annual event, with this year’s theme was “Local council for the protection of children (LCPC) para sa bright child: Pakilusin, palakasin, pagtulungan natin, ” was coordinated by the Early Chilhood Care and Development (ECCD) Office with over 600 children from day care centers all over the province.

“This is our culminating activity for Universal Children’s Month celebration participated in by the

winners of the municipal level events held earlier in the respective towns of the province,” said Dr. Ma. Bebina T. Casiño, provincial ECCD officer.

Dr. Casiño said the various events lined up for the event stressed the child’s physical skills and dexterity (water, slipper and flag relay, planting rice), cognitive/ mental skills (matching objects, puzzle contest), nutrition (sinabawang gulay eating contest, milk drinking contest) and social skills and

learning (draw and tell).

“ECCD focuses on children between 3-4 years old, since the DOH are mainly responsible for the care and development of children from 0-2 years, while the DepEd takes over for children aged 5-6 years,” she added.

Universal Children’s Month is focused on showcasing the children’s talents and skills while their mentors are the focus of the Day Care Convention held every February.

COC-PHINMA dreams big for NorMin

By JOE PALABAO Correspondent

CAGAYAN de Oro College- PHINMA is upping its level of ensuring that the student’s success is within reach, as it begins catering to students from Barangays Cugman to Bugo, from municipalities of Tagoloan, to Salay and certain areas in Bukidnon through its new campus in Barangay Puerto.

“The first step to making life better through education is to make education accessible,” Dr. Salazar said. After achieving our goal of providing quality affordable education in Carmen, and surrounding communities, it’s time to extend this to more students, particularly in Barangay Puerto, its neighboring barangays, Misamis Oriental and Bukidnon. By bringing the school to them, we lower their transportation costs and remove the need for boarding houses.

So not only are our tuition fees more affordable, the overall costs of sending kids to college are lower.

Currently in its first phase of construction, the satellite

Misamis Oriental’s Early Childhood Care and Development Dept. headed by Dr. Ma. Bebina T. Casiño, provincial CEED officer (2nd from left) listens intently as a child contestant from one of the province’s municipality explains her painting in “Draw and Tell” during the culminating activity of Universal Children’s Month held Friday, October 28, 2011 at the provincial capitol grounds.

PHOTO BY MIKE BAÑOS , NPN

COC-PHINMA’s purchase of the 2,500 square meter lot in Purok 6 of Brgy. Puerto was formalized during a contract signing between landowner Mr. Edwin Salazar and PHINMA Education President Dr. Chito B. Salazar witnessed by COC-PHINMA Chief Operations Officer, Engr. Raymundo P. Reyes, Mr. Eric Y. Barro, PEN Chief Marketing Officer together with the landowner’s wife Nelia Salazar, on October 28, 2011 at the COC Boardroom Carmen Main Campus.

ROLANDO SUDARIA

campus can already house up to 1,500 students on its first year and grow to a capacity of 4,000 students when the entire campus is complete.

The COCO-Puerto Campus will have complete facilities such as laboratories for Science, HRM and Criminology, computer rooms, a library and other multi-purpose centers.

Courses offered are under the College of Management & Ac-

countancy, Criminology, and Education, Graduate School and Basic Education will also be offered.

“Our goal is to make the dreams of our students and their families come true,” Dr. Salazar shared. “With COC-PHINMA in Puerto, success is now physically within reach.”

Cagayan de Oro College was re-established in 2005 by the PHINMA Education Network (PEN), a member of the PHINMA Group of Companies. It is

now known as COC-PHINMA. PEN’s mission is to break down the financial barriers to accessing high quality education and to develop globally competitive professionals. To ensure that its vision and mission are fulfilled, the college of engineering, nursing, criminology, arts and sciences, management & accountancy, and education, as well as graduate studies, offer academic programs which respond to the ever-changing demands of the global community.

REPUBLIC OF THE PHILIPPINES REGIONAL TRIAL COURT 10TH JUDICIAL REGION BRANCH 28 MAMBAJAO, CAMIGUIN IN THE MATTER OF THE ADOPTION SPL. PROC. NO. 443 OF THE MINOR KRYSTAL JANE DADO, SPOUSES ROMEO N. ENCENDENCIA AND ZENAIDA DADO-ENCENDENCIA, Petitioners.

X-------------------------------------------------/ ORDER

FOR YOUR ADVERTISEMENTS PLACEMENTS CONTACT

Petitioners, through counsel, avers, that they are Canadian citizens (Former Filipino Citizens), of legal ages and capacities, husband and wife and residents of 14985 Bluebird Cresent Surrey BC V3R 4T8, Canada but can be served with summons and other processes of the Court at Aguran, Bonbon, Sagay, Camiguin, care of Spouses Tomas A. Dado and Angelita O. Dado. Petitioners who are fifty six (56) and fifty one (51) years old respectively, have been legally married for nearly thirty (30) years but have not been blessed with a baby girl. They seek to adopt the minor Krystal Jane Dado who was born legitimate on November 20, 2004, to Spouses Tomas A. Dado and Angelita O. Dado who gave their consent to the adoption. The biological son of the petitioner also gave their consent to the adoption.

Petitioners are gainfully employed and possess all the qualifications and none of the disqualifications to adopt.

Finding the petition sufficient in form and substance, the same is hereby set for hearing in this Court’s Session Hall, at Lakas, Mambajao, Camiguin on December 7, 2011 to start at 8:30 o’clock in the morning.

Let copy of the petition and of this Order be furnished the Regional Director of the Department of Social Welfare and Development, Region X, Cagayan de Oro City, for the preparation and confirmation of the child and home study reports and submit the same before the date of hearing as well as to conduct counseling sessions with the natural parents on the matter of adoption of the adoptee and accordingly submit a report therein before the date of hearing; and another copy of the petition and of this Order be furnished the Office of the Solicitor General, the Provincial Prosecutor of Camiguin, the Local Civil Registrar of Mambajao, Camiguin, the Local Civil Registrar of Sagay, Camiguin and the biological parents Spouses Tomas A. Dado and Angelita O. Dado at Aguran, Bonbon, Sagay, Camiguin for any step they may deem best and proper to take in this Petition.

Let copy of this Order be published at petitioners’ expense once a week for three successive weeks before the scheduled hearing in any newspaper of general circulation in the Province of Camiguin.

Any person or entity opposed to the petition in this case may file written opposition at any reasonable time before the scheduled hearing and personally appear during the hearing to show cause why the petition shall not be granted.

SO ORDERED. Done in Mambajao, Camiguin, this 12th day of September 2011.

(Sgd.) RUSTICO PADERANGA Judge BWM Oct. 24, 31 & Nov. 7, 2011

DBP... from page 4

Environment-related projects meanwhile have been supported with P7.1billion funding, or 6.32% of DBP’s loans to borrowers.

Bulk of these projects is located in Central Visayas, Northern Mindanao, Southern Tagalog, and Western Visayas.

Del Rosario said that P41.3-billion went to other developmental loans, or second-priority areas, representing 36.5% of DBP’s loans to borrowers. These areas include construction, manufacturing, wholesale

and retail trade, and agriculture among others. Of the said amount, P13.2-billion went to the manufacturing sector particularly for clients based in NCR, Central Visayas, Southern Tagalog, and Western Mindanao.

The wholesale and retail trade sector also received P13.1-billion in assistance, with majority of the projects located in NCR and Southern Mindanao.

DBP’s commercial loans, meanwhile, stood at P9.3billion. Del Rosario added that the percentage of developmental loans to commercial loans is 91.78% and 8.22%, respectively.

RA form No. 10.1 (LCRO) Republic of the Philippines Local Civil Registry Office Province: Misamis Oriental City/Municipality: Medina NOTICE FOR PUBLICATION In compliance with Section 5 of R.A Act No. 9048 a notice is hereby served to the public that ANECITAS CAHOY ETOR has (complete name of the petitioner) filed with this Office a petition for change of first name from ENICITAS to ANECITAS (first name to be changed)

(new first name to be adopted)

In the birth certificate of ENICITAS CAHOY who was born on (complete name of document owner)

20 March 1949 at Medina, Misamis Oriental and whose parents (complete date of birth)

(place of birth)

are DEMETRIO CAHOY and ANACLITA VELOZ. (name of father)

(name of mother)

Any person adversely affected by said petition may file his written opposition with this Office not later than November 8, 2011.

(Sgd.) MARINA MAQUIDATO-AMONCIO Municipal Civil Registrar BWM Oct. 31 & Nov. 7, 2011

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BEACH HOUSE Baloy, Cagayan de Oro City By appointment only

Tel. #: (088) 855 3898

BusinessWeek MINDANAO

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Cham’s, Penshoppe top DTI’s Bagwis Awards CONVENIENCE shop Cham’s and specialty store Penshoppe dominated this year’s awarding of the Department of Trade and Industry’s Bagwis Awards held 28 October 2011 at Pearlmont Hotel.

According to DTI-10 Asst.

Regional Director Linda O. Boniao, the Bagwis Awards aim to recognize establishments that sell only quality products which comply with all trade and industry laws, encourage them to establish “consumer welfare desks” and recognize their efforts in maintaining quality and environmental systems.

The Bagwis Awards cover all business establishments nationwide which fall under the following categories: Category 1 (Supermarkets), Category 2 (Department Stores), Category 3 (Appliance Centers), Category 4 (Hardware Stores), and Category 5 (DTI Accredited Service and Repair Shops).

A total of 53 establishments in Region 10 were awarded the Bagwis Awards in various categories during the awarding ceremonies: 14 were awarded the coveted Gold Bagwis, 26 were awarded Silver and 13 establishments the Bronze.

Eight of Penshoppe’s outlets including boutiques in Gaisano City, CDO & Iligan, Limketkai Mall, SM Cagayan de Oro and stand-alone stores in Iligan, Malaybalay, Ozamiz and Valencia cities were recognized with the coveted Gold Bagwis Award.

On the other hand, Cham’s Convenience Store dominated the Silver category of the Bagwis Awards with no less than ten of its outlets garnering the equally coveted Silver rating (Patag, Carmen, Kauswagan, Corrales Extension, Corrales Avenue, Osmeña St., Macasandig, Tomas Saco, R.N. Abejuela and Nazareth).

“It’s an honor to receive the Bagwis Silver Awards for ten of our stores and it inspires us to do better in handling customers and continuing improvements on how to be more effective in terms of customer care and solving their minor problems with Cham’s policy,” Dr. Johnny

11

HOTELS RESTAURANTS Pryce Plaza Hotel

Carmen Hill, CDO, Tel. No.722791 to93/858-4537 E-mail:reservations@pryceplaza.ph

Hotel Koresco

Pueblo de Oro Golf Course,CDO, fax. No. [088] 858-9748

tel. Nos. 858-9748 to 54, E-mail:hotelkoresco@yahoo.com

Mallberry Suites

Limketkai Drive ,CDO, Tel. No. [088]854-3999 / 854-7999 E-mail:info@mallberrysuites.com

Dynasty Court Hotel

Tiano-Hayes Sts. CDO, Tel. No. 726876 / 726962 / 857-5410 E-mail:dynasty@philcom.ph

The Marigold Hotel Velez cor. Luna Sts, CDO Tel Nos. 856-4320, 726937

Marco Resort Tel. No. 732182 / 855-220

VIP Hotel

Dr. Johnny U. Lu, president of the Cham’s chain of convenience stores, receives the DTI Bagwis Silver Award for some 10 of the chains establishments during awarding ceremonies held Friday, 28 October 2011 at Pearlmont Hotel from DTI ARD Linda Boniao and Mike Baños, president of Konsumenteng Kagay-anon as part of the regional technical screening committee. With Dr. Lu is Cham’s Operations Manager Victor G. Ocampo and other members of the regional technical screening committee.

PHOTO BY HENRY DY

A.Velez St. CDO, Tel. No. 726080 / 726590 / 856-2505 E-mail: info@theviphotel.com.ph

Philtown Hotel

Makahambus-Velez St. CDO,Tel. No. 723089 / 856-1813

De Luxe Hotel

Capt. V. Roa St. CDO, Tel. No. 726527 /857-2144

U. Lu, president of Cham’s Convenience Stores said after receiving the recognition.

Other multiple awardees included LBC Express (Yacapin, Capistrano, Divisoria), Mercury Drug (grocery/Bulua, Gusa, Puerto) and Citi Hardware Bacolod (Tablon, Bulua).

“Awardees at all levels will be recognized with the publication of their names in local media, special mention during information campaigns and the distribution of their names to their respective affiliated associations, “ said Engr. Elvira A. Cajigas, chief of DTI-X’s Consumer Welfare Division.

Other Gold Bagwis Awardees for 2011 included For Me and Oxygen, both located in Limketkai Mall) and SM Department Store, Our Home, Toy Kingdom and Ace Hardware, all located in SM Cagayan de Oro. Other Bagwis Silver Awardees for 2011 included RPS Engineering Services in Malaybalay City, Norkis Distributors, Inc. in Mambajao, Camiguin; Macbil 888 Venture Corp, FJK

Trading and Pinnacle Uniwide Business, all in Ozamiz City and Neopace, Inc., Oro Graphics Inc., Solidmark, Inc., all in Cagayan de Oro City.

However, the Certification Committee may cancel or revoke the seal if the awardee is found to have sold or kept an inventory of uncertified products covered by mandatory certification such as electrical products or fire extinguishers; sold pirated products or failed to comply with applicable fair trade laws.

“The cancellation and removal of the seal from the establishment shall only be lifted after the outlet has done corrective measures within one (1) year from the cancellation or removal of the seal,” said Almer R. Masillones, chief of the consumer welfare division in DTI Misamis Oriental.

Establishments in Misamis Occidental dominated this year’s Bagwis Bronze Awardees: SBU General Services, Lagar Enterprises, Getzme Bagshoppe, Mitadeel Enterprises, Oroquieta Construction Supply, Inc., P&G

Commercial Enterprises and A-3 Car Services Shop, all in Oroquieta City; and Goldsquare General Merchandise and Quality Shopping Center, both in Ozamiz City.

Other Bagwis Bronze awardees for 2011 included J&J Sto. Niño Enterprises in Malaybalay City, Tee Enterprises in Mambajao, Camiguin and Mercury Drug (grocery) in Carmen and Cagayan Educational Supply, both in Cagayan de Oro. (RMB) “We are inspired as consumers that an increasing number of our establishments in Region 10 are making extra efforts to improve their services to the customer and comply with the Fair Price Act,” said Mike Baños, president of Konsumanteng Kagay-anon, Inc. (KKI) in his closing remarks. “For our part, we shall help DTI-10 disseminate this list to all our members so they would be aware which stores around the region offer them fair prices and good customer service.” (rmb)

Thanksgiving bash for Miss Kagay-an beauties

By JOE PALABAO Correspondent

THE Department of Tourism in Region 10 feted the candidates of the recent search for Miss Kagay-an 2011 to a Thanksgiving Party at the Mallberry Suites Hotel last Oct. 24 for its success that gave color to this year’s city fiesta celebration.

Among those invited were the production staff of the pageant, invited guests, and media partners who helped a lot for its tremendous success.

With a Hawaiian motif, Miss Kagay-an 2011 winners exude their natural and charming beauties. Present were the Reigning Miss Kagay-an 2011-Angel Carbajal, Ms. Kagay-an Tourism 2011-Ms. Jamie Joy Bantique now a host of ABS-CBN Pamahaw Espesyal, runners-up Christel Valdehueza, Elaine Roselle Aquino and April Darlin Jane B. Hernandez. Ms. Hanna Melissa Aleman Cagas-Best in Swim Wear , Ms. Joanna Grace Daaca. Former Kagay-an beauties, Ms. Chiery Laderarunner up Miss Kagay-an 2009 and Ms. Jeminah Ferrer run-

Oct. 31-Nov. 3, 2011

Maxandrea Hotel

J.R. Borja St. CDO, Tel. No. 729943/ 857-2244 / 857-4154

Grand City Hotel

A.Velez- Sts. CDO Tel. No. 723551 / 723658 / 857-1900

Country Village Hotel

Carmen, Cag. de Oro Tel. No. 71-22-03, 71-22-01, 7122-05

Southwinds Hotel

Capt. V. Roa Sts.CDO,Tel. No. 727623 / 724803 / 856-2036 E-mail:i_agudo@hotmail.com

Apple Tree Resort and Hotel

Taboc, Opol, Misamis Oriental, Tel. Nos. 754525/ 754263/ 3091986, Fax No. (8822) 754497

Pearlmont Inn

Limketkai,Drive,CDO Tel. No. 729111 / 856-2654 / 729455

Red Palm Inn

EVChaves Building, Capistrano corner Cruz Taal Sts. Cagayan de Oro City Tel. No. 721197 and 8562671 Cell No. 0908-885-5643 Email: redpalm_inn07@yahoo.com

Chali Beach Resort

Cugman,CDO,Tel. No. 723929 / 855-2108 E-mail:chali_beach@yahoo.com

Nature Pensionne

Toribio Chavez Sts., CDO Tel. No. 723598 / 723718 / 857-2274

NEW DAWN PENSIONNE Velez-Macahambus Sts, CDO Tel Nos. 8571776, 721776 email : gchreservation@yahoo.com

Malasag Eco Tourism Villages Cugman, CDO Tel. No.855-6183 [088]309-3752

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Darling of the Crowd-Yoyong Esmedalla of DOT X, Female Face of the Night Ms. Chiery Ladera, Male Face of the Night and Ms. Jojo Roque-DOT X Miss Kagay-an 2011 Coordinator.

ner up Miss Kagay-an 2010 were also present during the Thanksgiving Party.

DOT Regional Director Butch E. Chan 111, who is now on leave, also graced the occasion.

Present were DOT-10 staff, guests from LBC, Promote CDO, Business Week Publisher Dante Sudaria, representatives from Sun Star, Jules of Regatta Tours Asia and staff, Iconic Fashion Designer Mark Christopher Yaranon who designed the gowns of Miss Kagay-an 2011 beauties and incidentally the Stage Designer. A representative from UKC Builders, multi-talented host Yoyong

Esmedalla of DOT X together with debonair pageant host Edzen Espina. COHARA was represented by Ms. Nelia LeeManager of Dynasty Court Hotel and Lady Manager of Casa Crystalla.

Jojo Roque, pageant coordinator, played host during the party. Guests enjoyed the nostalgic night with gourmet cuisine, a raffle draw with valuable prizes like cell phone, rice cooker, gift certificates and other valuable prizes were won by the guests. Hilarious entertainment number from Lachicas and a lot more surprises kept the guests wanting for more. Giving an element of surprise to the party

was Business Week announcement of the Darling of the Crowd who went to Yoyong Esmedalla of DOT X, Female Face of the Night to Ms. Chiery Ladera-Ms Kagay-an 2009 Runner-up and Male Face of the Night-Host Edzen Espina.

BWM’s Dante Sudaria received from the Miss Kagayan organizers a Certificate of Recognition in gratitude for its untiring support for the event duly signed Mr. Anthony Brellita, chair of the Search Committee, Mr. Ruben Vegafria, president of Promote CDO and Ms. Eileen San Juan, chairperson, Kagay-an Festival 2011.

Advertise to: MINDANAO DAILY

ANG NEWSPAPER NG MASA CIRCULATING IN MINDANAO

Geleng Building, Lapasan Highway, Cagayan de Oro City TEL. NOS.: (088)856-3344, (08822)74-53-80, 72-33-44 CELL NO. : 0917-7121424, 0923-432-0687

12 Oct. 31-Nov. 3, 2011

BusinessWeek

The Province of Misamis Oriental joins the Christian world in the celebration of All Saints / Souls Day.

HAPPY Hallowen !

Greetings from:

Norris Babiera Vice Governor

Oscar Moreno Governor