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www.businessweekmindanao.com Issue No. 109, Volume III • Sept. 21-23, 2012
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AS OF 5:45 PM SEPT. 19, 2012 (Wednesday)
FOREX
PHISIX
US$1 = P41.61
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14.1 points
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Mindanao power
AT least nine issues and concerns on the Mindanao power situation were submitted to President Aquino by the National Economic and Development Authority (NEDA). Copies of these issues and concerns were provided for the information of the members of the Infrastructure and Utilities Committee (Infracom), Regional Development Council-10 (RDC) during its third quarter meeting held at the NEDA-10 conference room in Cagayan de Oro City. Mayor Nova Princess E. Parojinog-Echavez, chairperson of the Infracom, RDC-10, said that this was gathered by NEDA-11, which acted as the secretariat of the Mindanao Power Summit held during the second quarter.
By IRENE DOMINGO, Reporter
M
INDANAO power consumers are expected to gain from an electricity market platform that will be established before yearend aimed to alleviate the power crisis and to assure investors that power supply contracts will be properly sold.
Organic farming
THREE coastal towns from this province received financial support from the Mindanao Rural Development Program (MRDP) of the Department of Agriculture for the implementation of its agricultural projects, particularly those on organic rice production and livestock production. The municipalities of Kapatagan, Lala and Baroy are the latest towns to benefit from this anti-poverty program from national government. Among those who received financial assistance are two farmers’ cooperative and two livestock raisers from Kapatagan, four farmer groups and two livestock raisers in Lala, one farmer’s cooperative from Baroy and one people’s organization in Tubod.
Workers upload sacks of farm products in a cargo vessel docked at a Cagayan de Oro port. Export of processed foods remains high in Northern Mindanao despite the devastation brought about by disastrous typhoons that hit Mindanao in the last few months. PHOTO BY GERRY L . GORIT
Department of Energy Secretary Jose Rene D. Almendras said the department is now finalizing the Mindanao road map on how best to resolve the power crisis in the island. “We are looking at some interim market mechanisms. Part of it is the Interim Mindanao Electricity Market (IMEM). Ideally, you want to have it late this year or early next year,” Almendras said. Almendras explained that IMEM is different from Wholesale Electricity Spot Market (WESM) because it is only for spot electricity and prices are dictated by supply and demand. On CONSUMERS/PAGE 6
Dell computers finally arrive in CDO
Brunei eyeing natural gas projects in M’nao
Global B.V. Philippine Representative Office. Hernandez said that it took a long time for Dell to be distributed in this part of Mindanao because the company wanted to have a distributor-partner that also believes in its core philosophy — delivering quality. “And TechnoMart, which started in July 2004, has proven that in eight years of existence: that it can deliver quality computers and DELL/PAGE 6
BRUNEI, the world’s fourth-largest producer of liquefied natural gas, has committed to look for potential natural gas infrastructure projects in the Philippines, a government official said. Energy Secretary Jose Rene D. Almendras said in a press conference that he recently met with officials from Brunei to discuss investment opportunities in the GAS/PAGE 6
By BONG FABE, Correspondent
THEY are finally here! Models such as Inspiron 14Z Ultrabook, XPS 14 Ultrabook or even the multimedia powerhouse XPS 8500 are now available to discriminating computer geeks and end-users looking for that PC or laptops that is uniquely built for quality and durability. Dell Computers recently invaded Northern Mindanao with its topof-the-line models, choosing the
city’s own home-grown computer wholesaler and retailer, TechnoMart Computers and Consumer Electronics, as non-exclusive distributor in this part of the southern Philippines. Marketing-wise, the choice of TechnoMart was a strategic move on Dell’s part as the “store” has 13 branches all over Mindanao. And TechnoMart has distinguished itself as a business that provides affordable quality products and services to its customers, said Jonna May M. Hernandez, city manager for Dell
Mindanao gets 63% of power from Region 10 By APIPA P. BAGUMBARAN, Contributor
ABOUT 63.3 percent of the total dependable power source in the Mindanao grid was provided by the power plants in region 10 during the second quarter of 2012. Records from the National Power Corporation (NPC) show that power
plants supplied 813.01 megawatts (MW) to Mindanao’s total dependable capacity of 1,284.59MW. Cecilio Y. Clarete of National Economic and Development Authority (NEDA) in Northern Mindanao, said the 813.01MW dependable capacity was only about 85.21 percent of the POWER/PAGE 6
N. Mindanao’s installed capacity is 813.01MW.
BusinessWeek Banking/Finance 2 One Network Bank online banking Cebuana Lhuillier sets 15% insurance goal to hasten countryside transactions September 21-23, 2012
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DAVAO City -- Countryside clients of the country’s largest rural bank may now conduct bank transaction and access a wide array of cash management services from the comfort of their home, business and even out-of-country locations with Internet connections. Internet banking has been the latest banking convenience offered by the One Network Bank (ONB) since last month when bank officials announced the start of its online transactions and services. With its internet banking, ONB would now be able to link its clients, including those in the countryside and abroad, to access banking cash management designed for business banking transactions in the countryside. A product demonstration of this system was viewed by clients who attended Client Appreciation Night hosted by ONB last month at its seven-story ONB Center in Sasa, this city. An ONB statement on Tuesday said its Business On li ne Ba n k i ng was “a business tool designed to address the cash management needs of countryside business clients.” “It makes business banking possible wherever there is an Internet connection—at
the comfort of your home, Internet café, Wi-Fi zones and even out of the country,” it said. The ONB said its Internet banking “offers a package of Internet banking functionalities according to the size, needs and operations of the business. It basically enables direct access to accou nts a nd transaction history, facilitating real-time banking transactions such as fund transfers and payments of bills anytime in the day without the inconvenience of personally going to an ONB branch.” It also expands into a bundle of cash-management services such as collection and payment solutions designed to improve administrative and operational efficiencies of corporate clients or multinational corporations with multibranch operations in the countryside,” it added. By providing clients the choice and control in keep-
ing an eye on accounts and managing the cash f low of their business, ONB’s Business Online Banking makes business banking experience in the countryside more efficient,” it said. The ONB said it would “continue to respond to the evolving needs of unbanked and underbanked progressive communities with the expansion of its network of branches, ATMs and POS [automated teller machines and point-of-sale].” As of end August 2012, the bank has 86 branches, five micro-banking offices in Davao City and 126 onsite and off-site PeraAgad ATMs. The Bangko Sentral ng
Pilipinas also recently approved its petition to establish five more branches in Iloilo, which would complement the existing six offices of the Rural Bank of San Enrique in Iloilo. This rural bank would soon be absorbed by ONB once the merger secures approval of banking authorities. (Courtesy of Manuel Cayon)
NON-LIFE insurer Cebuana Lhuillier Insurance Solutions (CLIS) targets a 15% increase in its policies in force next year as it ramps up its “Barangay Cebuana Project” and offers more products. “We have approximately P4 million worth of policies in force at present and we target to increase this by 15% next year,” CLIS General Manager Jonathan D. Batangan said. “We will further intensify our ‘Barangay Cebuana Project’... and launch more products to achieve our target,” he said. Barangay Cebuana Project is a microinsurance literacy orientation program that CLIS is undertaking in the barangays. It was launched only three months ago. “Our target is 300 barangays per month on a nationwide scale. We have been doing this campaign for three months already in cooperation with Cebuana area offices nationwide, which coordinate with barangay chairpersons from Cagayan up north to Davao down south,” Mr. Batangan said. CLIS is also expanding its non-life products, launching the “HapiPinoy Text Insure” last month with Smart Communications, Inc. and Malayan Insurance Co. Inc.
HapiPinoy Text Insure is a microinsurance product that can be purchased using a mobile phone. “With a load of P10, Smart subscribers can avail of a P7,500 accident insurance coverage and P2,500 in fire cash-assistance. These are valid for three months from the time of application,” CLIS said on its Web site. “The maximum coverage is P37,500 accident insurance and P12,500 fire insurance for only P50,” it added. Mr. Batangan said that through the mobile phone platform, “CLIS will be able to reach out more to the grassroots.” In April this year, CLIS partnered with Federal Phoenix Assurance Company, Inc., allowing it to sell compulsory third party liability insurance policies at its 1,500 branches nationwide. CLIS also offers motor car insurance, fire insurance, comprehensive general liability insurance, marine cargo/hull insurance and engineering insurance. It also offers bonds that protect obligees. Its focus on microinsurance puts CLIS at the center of a govermentprivate sector movement that seeks to extend financial services, notably insurance, to the poor.
BPI sees lower remittance growth in medium term THE Bank of the Philippine Islands, through whose remittance arm flowed some 27 percent of last year’s $20.1-billion foreign currency earnings of overseas Filipinos, forecast a low single-digit growth for the sector over the medium-term. According to Aurelio R. Montinola III, President and Chief Executive Officer at BPI, the foreign currency earnings of some eight or nine million overseas Filipinos should soon plateau as the compulsion to work overseas wane over the next four or five years. “Eventually, the remittances will plateau and likely grow at a low single-digit rate. But that is still $20 billion worth of foreign earnings a year,” Montinola said. He anticipates less compulsion for Filipinos down the line to look for foreign employment as more and more local jobs are generated, particularly in the business process outsourcing and in the field of tourism which is now being cultivated in earnest by the government. It was noted the BPO sector was forecast to grow at an annual clip of 10 to 15 percent a year between now and the next five years. Already, it was also noted, the sector employs 416,000 Filipinos and certain to hire more over the next five years. Revenue prospects for
business-process outsourcing firms (BPOs) were seen hitting $20 billion up to $25 billion a year, Montinola said. He was bullish on the generation of still more foreign currency receipts from the tourism sector that this early in the government campaign has started attracting increasing employment. “The BPOs are providing (increasing) job opportunities and hopefully tourism will provide it as well,” Montinola said, noting the generation of “lots of employment prospects” for job-hungry Filipinos without citing actual numbers. These potential sources of employment were on top of that presented by the manufacturing sector whose own growth prospects during the forecast period look bright, he added. “The manufacturing sector always generates jobs,” Montinola said. According to the bank executive, growth prospects overseas should steadily diminish as the traditional overseas workplaces have already been hit by the global slowdown. “The only way the government can prepare is having a country where there are equally good job opportunities,” he observed. By then, Filipinos should not have to go abroad just to work, “They can stay here
and get good jobs.” He acknowledged this requires both the government and the private sector to work hand in hand to make this happen. “And that is a lot of work,” Montinola said.
Bank of the Philippine Islands chairman Jaime Augusto Zobel de Ayala (left) and bank president Aurelio Montinolla III have a light moment during the bank’s annual stockholders’ meeting in a Makati City.
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Motoring
September 21-23, 2012
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Isuzu posts 21% sales growth from Jan-Aug ISUZU Philippines Corp. said its end-August sales grew by a fifth on the back of the strong take-up of its commercial vehicle lineup. Isuzu on Thursday said sales during the first eight months reached 7,579 units, up 21 percent from the 6,259 sold in the same period last year. In August alone, the company sold 787 units. Isuzu said its N-Series is poised to remain the topseller in the light-duty truck category for 14-straight years, with 1,022 units of the model sold at endAugust—equivalent to 69 percent of total sales in the said segment. During the same eightmonth period, the D-MAX cornered 19 percent of pickup sales with 1,844 units sold, while the Crosswind cornered 18 percent of the Asian utility vehicles sold at 3,935 units. Isuzu also accounted for 27 percent of the heavy-duty Category 5 trucks and 58 percent of the mediumduty Category 4 trucks sold nationwide – making the company the third largest mover of commercial vehicles in the Philippines. “Isuzu’s dominant showing in the segments it competes in, as reflected in the
sales results during the first eight months of the year, keeps us very much on track in achieving our target to deliver 13,000 units in 2012,” Isuzu president Ryoji Yamazaki said in a statement. “A lso, g ua ra nteei ng [Isuzu’s] capability to continuously provide Filipino consumers with vehicles that are reliable, durable and fuel-efficient is the fact that the disruptions in the parts supply chain and manufacturing operations in Japan and Thailand are over and everything has normalized,” he said. During last month’s 4th Philippine International Motor Show, Isuzu showcased its new products, namely the Crosswind XS,
the D-MAX Boondock Special Edition 4×4, the NHR cab with Flexi Truck body option, the 2012 D-MAX LS Special Edition 4×2, the 2013 Alterra Urban Cruiser X, and the 2013 Sportivo X. “With these six new models, [Isuzu]—which has reaffirmed its commitment to continue manufacturing vehicles in the Philippines—is ensuring its further contribution to the growth of the domestic automotive market,” Yamazaki said. “The Philippine automotive industry is presently experiencing positive growth. Along with this, [Isuzu] is likewise maintaining a steady rise in sales and market share,” he added.
Toyota launches New Vios Variants THE word Vios was derived from the latin word “vio” meaning to “move forward”. Living up to its name, Toyota Motor Philippines (TMP) presents 3 (three) more exciting variants for the country’s best-selling vehicle. Proudly made in Toyota’s Santa Rosa Plant, the locallymanufactured Vios is considered to be one of the best in the world. This vehicle exemplifies the four key strengths of the Toyota Sure Advantage namely; Quality, Reliability, Great Value, Pioneering Technologies and Worry-free Ownership. With exterior upgrades and more features to offer, TMP introduces the Vios
TRD, 1.3G Manual and J limited as new variants of the Vios line-up. First, TMP is set to introduce the sporty TRD edition to its Vios line-up. The new Vios TRD is available in 1.5-liter fuel-efficient VVT-i engine. For a more fun to drive experience, exclusive features for this grade include 17” alloy wheels, muffler cutter, rear lip spoiler, side skirts and a special “TRD” badge for a sportier look. The Vios TRD is offered at P 865,000 and is available in exciting colors such as Gray Metallic, White Pearl, Xtreme Black and Cosmo Red that give the vehicle a youthful and vibrant twist.
Also introducing the Vios 1.3G Manual variant which offers fog lamps and stylish 15” alloy wheels of a 1.5 variant. This new 1.3G Manual variant is priced at P708, 000. A new limited 1.3 J variant is now also available with specification upgrades such as foglamps, 15” alloy wheels and a special “limited” badge. The 1.3J Limited is priced at an affordable P627, 000. Both these new variants provide the same value for money matched with an upscale look as of a high grade variant. Following the success of the Vios all-time high sales in July, the addition of these three (3) new variants is TOYOTA/PAGE 6
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September 21-23, 2012
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Older and Better THINK a minute… An older man I know was walking back to his office after eating lunch. On the way back he met a friend, so he stopped and they talked a few minutes. As t hey were say i ng goodbye to each other the old guy said to his friend: “When we met just now, which way was I walking? To my office or to the restaurant?” His friend answered, “You were walking to your office.” The old man smiled and said: “OK, I guess that means I’ve already had my lunch, so I better get back to work now.”
T hat poor old g uy ’s memory was so short, he really didn’t know if he was coming or going! It seems no matter how hard we try, none of us can stop from getting older. Aging is a natural law and process we simply can’t stop or change. We can exercise, eat only healthy food, take vitamins, use all the best lotions and oils on our skin, but we’re still getting older every day. And if it’s true that our memory is the first to go, then I know I’m well on my way! It’s sad that many people become g rouchy, mea n, or impatient as they grow
older. But in fact, it should be just the opposite. As we grow older, we should grow sweeter, kinder, more gentle and accepting of others’ faults. We should become more compassionate and understanding of other people’s needs and problems, since we’ve learned how easy it is for us to make mistakes. We should just become more caring and forgiving. Friend, if you want to get better with age, then today you can ask Jesus Christ to forgive you and take full charge of your heart and character every day. He’s the only One Who can help you start changing daily
THINK A MINUTE
JHAN TIAFAU HURST into the person you really want to be. That’s how you can enjoy even more the second half of your life, as you grow older—and better. Just think a minute …
Are hotel business protected?
A SUPREME COURT of the Philippines ruling ordering JOE DEL PUERTO FELICILDA RIZA O. ARES a 5-star hotel in Manila to UÙ® ½ C. Q箽®Ä¦ç®Ä¦ LIEZL A. DELOSO award in damages of P52 E ®ãÊÙ® ½ CÊÄÝç½ã ÄãÝ JOE PALABAO Million to the widow and RENE MICHAEL BAÑOS ATTY. MARIO T. JUNI son of a foreign Norwegian ããù. ÙÊ ÙãÊ . Äã ¦Ê ¹Ù. M Ù» ã®Ä¦ CÊÄÝç½ã ÄãÝ guest who was killed then L ¦ ½ CÊçÄÝ ½Ý robbed by unidentif ied assailants inside his hotel Member: room some 13 years ago -Philippine Press Institute rocked the hotel industry and calls for a review of -Cagayan de Oro Chamber of Commerce and the security details and Industry Foundation, Inc. (Oro Chamber) comprehensive programs. -Misamis Oriental - Cagayan de Oro Association The Supreme Court deof Publishers (MOCAP), Inc. cision affirmed the earlier findings of the Court of Appeal which modified the decision of a lower court. According to the SC, the 5-star hotel is liable due (Concluded from last to its own negligence in SPEAKING OUT week) failing to provide the basic and adequate security meaTHIS is a continuation of sures expected of a 5-star last week’s publication of the hotel whose omission was Bangko Sentral ng Pilipinas’ the proximate cause of the primer on pawnshop operaforeign tourist death. tion basics. Hotel security in the Frequently Asked Queslodging industry according tions on Pawnshops: to the Supreme Court ruling • What are the basic ob“is a business imbued with ligations of the pawnshop public interest. Catering to owner/operator to the pawners with respect to their IGNACIO BUNYE the public, hotel keepers are pledged articles? release a pawned article even bound to provide not only T he ow ne r/op e r ator if its owner-pledgor does not should preserve and safe- present and surrender the guard all pledged articles. coverpawn ticket? The pawnshop operator/ Pawner should execute owner must see to it that and submit and affidavit of pawns are kept inside the loss. In this case, however, WHILE I was reviewing the safe or the concrete vault they should ascertain the classic work of George Stigler except for the bulky ones. identity of the pawner to on the evolution of distribuThese bulky pawns should make sure that the pawned tion theory which has been still be insured and kept item is not released to un- a landmark in the history of economic thought, I was within the premises of the authorized persons. pawnshop. • Does a pawner have motivated to write sort of a The pawnshop owner is the right to demand pay- sequel to my previous article liable for any pawn lost or de- ment for his pawned article which focused on Consumer stroyed because of his or her which has been destroyed or Price Index (CPI).Thus, the employee’s negligence, fault, becomes defective while in centerpiece of this issue is a relevant topic that has somedelay in delivery, or will- the pawnshop’s custody? ful violation of the pledged It depends. If the pawn is thing to do with price: the agreements. lost, destroyed, or becomes Producer Price Index (PPI). In his article titled “Some The pawnshop owner or defective due to a fortuitous operator should not use the event and without the fault Recent Developments In pledged articles or allow his of the pawnshop, a pawner T he T heor y Of Producemployees to use them for cannot recover any amount. tion”, Robert M. Solow of any purpose without the ex- However, if the loss, destruc- the Massachusetts Instipressed consent or authority tion, or damage to the pawn tute Of Technologystressed of their pawners, unless their was through the negligence that “mainstream economic continued use is necessary or fault of the pawnshop, the theory assumes that firms to their preservation. pawner can file a civil case in seek to maximize profits. The pawnshop owner or court which will determine Production theory, then, operator should return the the extent of the pawnshop’s asks what combination of inputs (known as factors of pledged items in the same liability. condition when they were • What are examples of production) will generate the quantity of output that first pawned to their respec- fortuitous events? tive pledgors or owners, upon Natural calamities such as yields maximum profit.” On full settlement of the latter’s fire, earthquakes, typhoons, the other hand, we can also loan obligations. and public disorders such as relate to the dominant pro• Should a pawnshop BUNYE/PAGE 6 duction theory in use today,
About Pawnshops
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lodging for their guests but also security to the persons and belongings of their guests. The twin duty constitutes the essence of their business”. This ruling has potential merit that must be taken positively by any hotel brand and management companies operating in the Philippines. When some local hotel operators in Cagayan de Oro were informed of this SC ruling. It was taken with cautious that a similar case in the city would cause the closure of any establishment due to the gravity of the damage awarded. How to prevent this case to happen is a challenge to encourage among hotel managers to consider these legal measures such as safety programs wherein the physical protection and good health of guests and employees are covered during the guests visit and every aspect of the facilities operation. Another is security program, wherein the procedures and activi-
ties are designed to protect the property and the guests, employees and its business. Hotel security is one step ahead from the design and integration with safety in mind. Hotel managers are aware that many facets of public accommodation like hotels, resorts, restaurants, convention halls and clubs are possible targets for criminal acts and violence. In the hospitality industry, care is being taken to make these areas more attentive to the needs of safety and security often associated with expense incurred by close circuit TV installations, round the clock security details, general alarm and fire protection system. Some four years ago, the Taj Mahal in India was attacked by extremist leaving dozens of dead tourist as casualties. Since 9/11, hotels globally have become frequent target for terrorism and often in the center of civil disruptions. Oakwood Premier at the Makati business district
TRAVERSING THE TOURISM HI-WAY
PED T. QUIAMJOT was put online in the powder keg when the Magdalo soldiers have an uprising in 2004. Manila Peninsula along Ayala Avenue in Makati was a casualty to the Senator Trillanes caper. Thanks God, lives were spared with only damage to properties which took months to repair and the establishments have to temporarily close inflicting revenue losses. Who should be assuming risks and liabilities when a country is not on war and when death and damages do not fall under force majeure clauses?
Beyond the Numbers: What Do Prices Tell? the transformation theory, which is based on input, process and output (IPO). According to Koskela “this theory seeks to optimize the entire production phase by optimizing each individual task, assuming that minimizing the effort and cost of each task translates directly to maximum throughput and customer value.” These theories and the rest of the theories are very interesting andmay have many implications. However, what is more interesting is to know what Producers Price Index (PPI) measure and what implications does it offer . The Producer Price Index (PPI) measures average changes in prices received by domestic producers for the sale of their output. This is generated by the National Statistics Office through the results of the Producers Price Survey (PPS) conducted nationwide. The survey gathers monthly actual producer
prices of selected products included in the market basket. According to the preliminary results, the Yearon-year growth of the Producer Price Index for the manufacturing sector shows a decline when it slowly decreased to -0.3 percent in July 2012 from -2.2 percent in June.As indicated in the report, this could be t raced to t he double –digit decrements posted by furniture and fixtures (-42.6%).The other side of the picture, however, shows six major sectors that posted increases headed by rubber and plastic products. Look ing at a mont hon -month growth ,thePPI slowly improved to -0.8 percent in July 2012 from -2.0 percent in June 2012. As indicated in the report, Furniture and fixtures led the eleven sectors with a double-digit downtick recorded at -17.9 percent. On the other hand, five sectors
WHEN STATISTICS SPEAK
SALVADOR A. AVES, Ph.D, DM. posted increases led by petroleum products (4.5%). Going back to the concept on input costs… output prices, we can infer that changes in PPIs reflect what actually is occurring with prices charged to buyers from month to month, thereby making PPIs a significant price measurement tool for researchers, policymaking and business purposes.
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Davao’s coal-fired power NTC says Smart network plant operational by 2015 better than rival Globe LISTED Aboitiz Power Corp. (AboitizPower) is looking into bringing in an additional 300 megawatts (MW) of generating capacity in Mindanao by 2015, Bobby Orig, the company’s first vice president for Mindanao Affairs, told reporters in an interview. The AboitizPower official said they hope to finish the 300-MW Davao coal-fired power plant by 2015. Or ig sa id t he power plant is being put up by AboitizPower-subsidiary, AP Therma South Inc., which will use a circulating fluidized bed (CFB) coal technology. He said the first phase or unit of the power plant is targeted to be completed by the last quarter of 2014 and the second unit or phase a year after. Orig said AboitizPower is building the power plant on its own, and that it will fund the project using internally generated funds, adding that partnering with another company could delay the
project as decision-making will have to be done by both parties. “We decided to put up funding because the power crisis in Mindanao is getting so severe. We are determined to alleviate the situation. At present, we have not firmed up any supply agreement with any of the distribution utilities or electric cooperatives yet,� Orig said. He added that the negotiations are ongoing, and that they do not see any problem in marketing the output in view of the power-supply shortage in Mindanao. Orig said the project’s engineering, procurement and construction (EPC) contractor is Black & Veatch
and Leighton Contractors (Philippines) Inc., adding that construction is in full swing. While saying that the site of the 300-MW coalfired power plant in Davao could still be expanded, Orig made it clear that they are not talking of expanding it yet. “But if there’s a need, the group is open for expanding up to another 300 MW,� he said. Orig earlier said even the new 300-MW Davao coalfired plant, when operational, is still not enough to meet the projected shortfall of 484 MW in Mindanao by 2014. “There is still a need to build more power plants in the next few years,� he said. According to the Department of Energy and other independent think tanks’ projections, power demand PLANT/PAGE 6
Vista Land 1H profit rises 25% VISTA Land & Lifescapes Inc. on Thursday reported higher earnings in t he f irst six months of the year on improved sales. In a disclosure to the Ph i l ip pi n e S t o c k E xchange, the property firm
of Senator Manuel Villar said its net income rose by a quarter to P2.19 billion in the first half from P1.74 billion in the same period last year. Revenues ju mped 22 percent to P8.1 billion from
P6.6 billion in 2011. Sales hit record levels during the period, rising 47 percent to P20 billion, the company said. Vista Land expects to hit profit of P40 billion by yearend.
SMART Communications Inc.’s network is officially better than that of rival Globe Telecom Inc., data from the National Telecommunications Commission (NTC) showed. In benchmarking tests conducted by the NTC monitoring teams in the second quarter of the year, it was found that network signal strength of Smart stood at -62.63 dBm while Globe registered -69.83 dBm. The minimum acceptable average receive signal level, which refers to the signal strength coming from the cellular site all the way to the handset is -85 dBm. Smart also edged out Globe in voice transmission quality. For average signal quality, Smart registered 0.63 while Globe posted 0.72. The minimum acceptable range is zero to 4, with zero being the highest. An average signal quality of zero indicates that there are no errors in transmission. For call set-up time or the period from when a subscriber finished dialing to the time of the first ring, Smart registered 11.74 seconds, better by 0.16 seconds from Globe’s 11.90 seconds. The acceptable industry standard is below 14 seconds. For dropped-calls, which refers to the percentage of
on-going calls that were involuntarily terminated, both companies were within the 2-percent minimum standard. However, Smart registered a 1.53-percent dropped call rate while Globe’s stood at 1.66 percent. For blocked calls, which refers to the percentage of calls that were not given access by the network, both cellular firms failed this test. Smart garnered a score of 9.95 percent while Globe recorded 4.45 percent. The standard is set at 4 percent. For this criteria, the NTC noted that Globe’s performance has an edge over Smart. Benchmarking is undertaken by the NTC nationwide to determine the quality of service, network performance and subscriber’s satisfaction standards set under Memorandum Circular 07-06-2002. The NTC said it has al-
ready called the attention of Globe and Smart regarding the results of the quality of the tests. “The telcos informed the NTC that they are already addressing the matter. Globe said it is implementing an expansion and upgrading of its network. Smart said it continuous to rehabilitate its network,� said the NTC. The agency also directed both Globe and Smart to inform the public of their ongoing efforts to improve services and provide a detailed report of these improvements on a per area basis, including date of completion. “We will continue to monitor their networks� service performance to ensure that quality of service that telcos provide to the public,� said NTC director Edgardo Cabarios.
Dengue prevention tips from Ace Hardware THE rains have come and along with it, the infectious diseases like dengue brought about by the deadly Aedes Aegpti mosquito. But as they say, prevention is still the best cure, better than any remedy. Ever the Helpful Place, ACE Hardware shares with us some tips that will protect your kids and the whole family from this potentially deadly disease. Keep your home safe and clean. Make it a point to always cover water storage containers in your homes and clean your drainage in and out of the house to prevent the breeding of these dengue-carrying mosquitoes. Prevent Mosquito Bites. Use mosquito nets at home and apply mosquito repellents. There are Ecolife Citronella anti-mosquito bracelets and patches and Citronella Flyaway products that have therapeutic benefits for treating fever, colds, flu, as well as soothe aching joints, killing bacteria and strengthening the immune system. Citronella anti-mosquito candles are not only decorative but help keep mosquitoes away; while high tech rechargeable insect swatters track and kill mosquitoes instantly. Reduce Mosquito Breeding. Make sure all the gutters in your home are cleaned and covered. Baygon anti-dengue mosquito killers sprays and plug in, as well as electronic mosquito killers are also good to use. Remember that a safe home is a happy home. So keep yourself and the people around you safe and educate them about dengue prevention tips by sharing these tips. You can find these items at ACE Hardware in SM City Cagayan de Oro. You may also visit our website at www.acehardware. ph. (advertorial)
Ecolife Citronella Anti-Mosquito Bracelets
Daimaru Professional Insect Killer
Insect Repellent Lotions
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September 21-23, 2012
Consumers... from page 1
On the other hand, IMEM is an electricity market for distribution utilities (DUs) and electric cooperatives (ECs) to contract power supply from generators. “Everything will be included. It will be a whole package. Right now, there are people who want to build diesel generating facilities in Mindanao to stop gap the shortages but there are no contracts. So it is a real problem, we need to create an environment that the electricity will be moved, will be traded,” Mr. Almendras said. The Energy official added that DUs and ECs will not be mandated to join but depending on their need of power supply contracts. Details of the IMEM and the whole road map are still being finalized and are targeted to be presented to President Benigno S. C. Aquino III in three weeks. “We hope to present to the President the Mindanao road map in three weeks. We are looking at mechanisms. The road map is very critical because it’s not just a solution, it’s a structural market solution,” Mr. Almendras said. Meanwhile, the Energy department is also looking at reformatting the management of ECs in Mindanao according to the National Electrification Administration (NEA) Bill pending in Congress to avoid incurring debts. As of June 30, the official said ECs in Mindanao have a debt of P13.477 billion. “We are changing the charter of the NEA because the role of NEA is shifting. The Epira Law changed the function of the DoE, created the ERC (Energy Regulatory Commission) and a whole bunch of institutions,” Mr. Almendras said.
Dell... from page 1
electronic gadgets with a uniquely costumer-oriented service,” said Vincent Polido, product manager for Dell Notebook of MSi-eCS. “The market here in this part of Mindanao, I think, is ripe. And our coming here is just at the right time,” Hernandez said. TechnoMart Operations Manager Marion Hazel Du said that from the very start, the store is offering low cash prices and easy payment plans through credit card, like other computer shops. But it is also offering an inhouse financing scheme to their customers, an option that is unique its own. This gives TechnoMart its appeal not only to the A & B markets but more importantly to the Class C and D markets. The primary reason, aside from the availability of a wide range of products from low-cost computer packages and consumer electronic brands to high-end (branded) units, is the ability to make products available for installment purchase through monthly installment
plans. The company has been successful in financing computer packages to local consumers making expensive products affordable through monthly installment plans of up to 24 months. Her na ndez sa id t h is unique appeal of TechnoMart is what convinced Dell to finally have its products distributed in this capital city of Northern Mindanao as neighboring environs. “Dell have found a perfect partner with TechnoMart. Because TechnoMart also subscribed to Dell’s mission statement of being the most successful computer company in the world at delivering the best customer experience in the markets we serve,” said Polido. He said every Dell customer can expect the highest quality from its laptops, PCs and other electronic gadgets because leading technology went into each product. Aside from that, its pricing vis-à-vis performance is comparable to other computer brands. Polido, however, admitted that Dell is “a little bit expensive compared to other fast-selling computer brands. But our quality more than make up for our price.”
Gas...
from page 1
country’s natural gas sector especially in Mindanao, which has been suffering from insufficient power generating capacity. “I’m happy to report that we have invited Brunei to have a serious look at LNG [for] Mindanao to which they have expressed interest. They said they will come over and study it,” he said. LNG or liquefied natural gas is natural gas converted into liquid form to allow for cost efficient transport via tankers, instead of having to put up extensive underwater pipe networks. The DOE is bank ing on LNG to help secure the country’s long term energy needs as the commodity is relatively cheaper and cleaner than conventional fuel. Almendras said Brunei can help supply the country’s LNG requirements and at the same time invest in needed infrastructure. “I was telling them instead of just selling natgas, why don’t you invest even to the downstream,” he said. Among the facilities the DOE hopes Brunei can put up in the country are LNG storage facilities, f loating storage and regasification units, and power plants. The government has already identified a possible location for the proposed facilities at the Phividec industrial estate in Misamis Oriental. Almendras said Brunei officials were “pleased” with the proposal “because they have also made a decision that they just don’t want to be a supplier of natgas, they also want to integrate downstream initiatives.” He added: “Again, this is all along in focus of trying to find solutions to the Mindanao power shortage,
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which is to encourage more people to put up generating capacities in Mindanao.— InterAksyon.com
Power...
from page 1 total installed capacity of the region. He, however, said that it was 8.5 percent higher from the 749.57MW dependable capacity in the same quarter of 2011 due to the improvement in capacities of the Pulangui 4 and Agus 7 hydro-power (HEP) plants. The dependable capacity of Agus 7 went up by 26 percent from 30.33MW in 2011 to 38.33MW in 2012. Likewise, Pulangui 4’s dependable capacity improved from last year’s 173.33MW to 233.33MW or an increase of 35 percent this year. Agus 7 and Pulangui 4 HEPs were located in Barangay Fuentes in Iligan City and Barangay Kiuntod in Maramag, Bukidnon, respectively. The same NPC records further show that the power generation mix of Northern Mindanao during the quarter was 74 percent hydro and 26 percent coal-fired. Meanwhile, data gathered by NEDA-10 from the National Grid Corporation of the Philippines (NGCP) reveal that energy sales during the second quarter of the year reached 582,475,224 kilowatt-hours, an increase of 2.17 percent over the energy sales in the same period last year. Clarete said an increase of 27 percent in energy sold to Lanao del Norte was registered during the quarter due to the operations of the Maria Cristina Chemical Industries in Iligan City. In contrast, energy sold to Misamis Oriental dipped by 6.2 percent due to the cessation of operation of the Mindanao Silicon Metal Corporation.
Energy saving gadget launched in Davao By BEN D. ARCHE
DAVAO City – A global energy management firm has introduced its new product branded as EcoStruxure to the Davao market designed to trim down power consumption by at least 30 percent. Schneider Electric (SE) country sales head Ian dela Rosa, said during an exhibit of the product at the Marco Polo Davao Hotel that they are aiming to help local entrepreneurs in reducing their electric spending with their recent solution.
Plant... from page 5
will exceed the supply in Mindanao as early as 2012— and the shortage will worsen if no power sources are added soon. Mindanao’s heavy de-
Quiamjot... from page 4
robberies. • Can a pawner redeem his pawn after the expiration of the 90-day grace period? Yes, if the pawnshop allows him to. Legally, however, after the expiration of the 90-day grace period, the pawnshop acquires the right to dispose of the unredeemed article through auction sale. • If the pawner who wants to redeem his pledged article before maturity date is informed by the pawnshop that the pawned article has
Hospital... from page 2
technologies. Infrastructure, research and development, green projects such as manufacture and establishment of energy-efficiency related facilities, motor vehicles, strategic projects, and disaster prevention, mitigation
Toyota... from page 3
is aimed to strengthen Toyota’s lead in the passenger car
Dela Rosa said the solution is a wholistic approach which integrates energy efficiency for power, data centers, process and machines, building control, and physical security. “Although the savings depend on the industry as well as the age of their equipment but the firm does not need to purchase another set of equipment to become energy efficient with the solution,” Dela Rosa explained. With the product, he added business firms would be able to monitor and control their energy usage and
could anticipate better results and improvements. The price of the product varies and it depends on the type of industry, he said. The SE decided to bring the technology to the city as the island of Mindanao has been experiencing power shortages due to the aging hydroelectric power plants. Based on the data of the Mindanao Development Authority, the company official said many business establishments in Mindanao lost some P50,000 for every hour of power outage.
pendence on hydroelectric power is no longer enough to meet the needs of communities, businesses and industry. “Government and independent think tank estimates project that the power shortage will be 484 MW by 2014,
which means there is a need to build more power plants in the next few years. 484 MW is enough to cut power entirely to the cities of Davao, GenSan [General Santos], Butuan, CDO [Cagayan de Oro] and Zamboanga,” Orig said.
already been sold at auction, what can he do to protect his rights? The pawner can file a criminal and/or civil case, as well as administrative complaint with the Bangko Sentral against the pawnshop. • How can the pawner control the items for auction for the purpose of acquiring back the item he pawned but was not able to redeem? The pawner can only participate and actually bid in the auction sale. Beyond that, he has no right over any aspect of the auction sale proceedings. At this
point, the pawnbroker has unquestionably acquired the right to sell the unredeemed article, assuming it has complied with all the legal formalities required. • Can the owner claim his article which has been stolen, then pawned? Yes, the pawnshop can be ordered by a competent court to return stolen articles pledged with it to their legal owners. You may e-mail us at totingbunye2000@gmail. com. Past articles may be viewed at http://speakingout. ph/speakingout.php.
and recovery projects also form part of the priority sectors. The 2012 IPP was approved by President Benigno Aquino in June this year, saying that this “further strengthens last year’s investment generation agenda, ensuring that our new initiatives will address present economic challenges
and effectively establish sustainable gains.” “The 2012 IPP is a commitment to the business community that my Administration is steadfast in sustaining a predictable, reliable, and efficient Philippine investment landscape,” the President has stated. (PIA-11/Carina L. Cayon)
segment, targeting a wide range of customers such as first time car buyers, young individuals, family oriented persons and business owners.
The Vios also caters to those who are looking for an edgier character in their vehicle at an affordable price and optimum fuel economy.
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Northern Mindanao’s palay production up by 11% in 2Q By APIPA P. BAGUMBARAN, Contributor
OVERALL palay production in Northern Mindanao for the second quarter of 2012 reached 135,536 metric tons. The figure is higher by 11 percent from the 121,844 metric tons recorded in the same quarter in 2011. Although palay production in rain-fed areas went down by 17 percent, the 13 percent increase in production in irrigated areas pulled up the overall production, said Engr. Cecilio Y. Clarete,
chief economic development specialist of the Knowledge Management Division of National Economic and Development Authority in the region. He said production in rain-fed areas was posted at 5,875 metric tons from the 7,096 metric tons recorded last year, while production
in irrigated areas reached 129,661 metric tons from the 114,478 metric tons in the previous year. Area harvested also increased during the period by four percent, from 32,692 hectares to 33,974 hectares. The average yield likewise went up to 3.99 metric ton per hectare or about seven percent. Except for Misamis Oriental, the rest of the provinces in the region showed positive growth in yield in both irrigated and rainfed areas.
The increased yield in Bukidnon was the result of less pest infestation, synchronized planting and sufficient rainfall while that of Lanao del Norte was due to absence of unusual occurrence of pests and diseases, Clarete added. Meanwhile, the value of palay production for the second quarter was estimated at P2.3 billion, about 19 percent higher over the previous year’s second quarter value, resulting from increases in both production volume and average farm gate price during the period.
The region’s net rice sufficiency level for the quarter was 62 percent, higher by
four percentage points compared to the same period last year.
Misocc town gets MRDP projects BONIFACIO, Misamis Occidental -- The local government unit (LGU) of Bonifacio has benefitted from the implementation of infrastructure projects under the Mindanao Rural Development Program (MRDP) of the Department of Agriculture (DA). Now on Cycle 2, these projects include the farmto-market roads and some agricultural inputs, such as, hybrid seedlings, organic fertilizer and farm equipment with the 4-hectare demonstration farm as LGU counterpart, Mayor Samson Dumajug said. Dumajug said these projects were also supported by the Provincial Government of Misamis Occidental (PGMO) through Governor Herminia M. Ramiro and Congressman Leo Loreto Ocampos of the
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2nd District of the province, who were present during three of the LGU’s activities related to agriculture. These activities included the recent Corn Harvest Festival 2012, the turn-over of Cycle 2 Projects from DA and the turn-over of farm equipment, particularly, two farm tractors, which can be used in any farming activity of the LGU. Meanwhile, the Governor expressed her optimism that Bonifacio can expand its program on agricultural development, which can make the LGU, the source of food products, particularly in rice and corn, not only within the municipality but in the entire province. “Being a beneficiary of the MRDP is an indication that you are serious in pursuing
your agricultural projects and had been successful in prioritizing agriculture programs, which are meant to be, considering tha Misamis Occidental is an agriculture province,” she said. She said she believes that the farming industry is a means by which people can be helped out from extreme poverty because the province is blessed to be away from the danger zones, unlike the other provinces of the country which always suffer from typhoons and floods. Aside from this, Misamis Occidental is a peaceful and a good development area for farm production and marketing, as it is one of the provinces of Northern Mindanao, which is a center for economy of the region, the Governor added.
Investment Priorities Plan covers hospital services, iron products By CARINA L CAYON Contributor
DAVAO City -- Hospitals and medical facilities, and iron and steel products have been listed as part of the 13 preferred areas in the 2012 Investment Priorities Plan, to be eligible for incentives. The establishment and operation of primary and secondary hospitals and the development of iron and steel
businesses are two additional features in this year’s IPP which was presented in a roadshow activity today at the Apo View Hotel, this city. BOI Governor Oliver Butalid said covering the new categories in the priority areas to be entitled of incentives was based on the need for infrastructure to provide medical treatment services, and to improve the
iron and steel production in the country. The 13 preferred areas for investments would address the main IPP goals for job generation, enhanced delivery of social services, competitiveness and climate change mitigation and adaptation, Butalid told the media in a press conference during the BOI Investment Roadshow. The 2012 IPP was presented to more than 80 officials and representatives from the local government units, national government agencies and private companies of Regions 11 and 12, during the roadshow spearheaded by the Department of Trade and Industry (DTI). Among the 2012 IPP list includes the agriculture/ agribusiness and fishery which covers commercial production and commercial processing of agricultural, herbal and fishery products. Other areas are: creative industries or knowledgebased services such as business process outsourcing (BPO) activities and information technology activities; shipbuilding; mass housing such as low cost housing; and energy such as exploration, development and utilization of energy sources with environment-friendly HOSPITAL/PAGE 6
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Editor: Allan Mediante
SM to open Mindanao premier mall in Davao City By BEN D. ARCHE
D
av a o C it y – The SM Prime Holdings will open its first premiere shopping mall in Mindanao which sprawls within a 10-hectare site in Lanang this city on September 28.
The mall is named as SM Lanang Premier and it is the fifth first class mall of SM Holdings after SM Mall of Asia in Pasay City, SM Megamall in Mandaluyong, SM North in Quezon City and SM Cebu in Cebu City. Debby A. Go, assistant vice president for operations in Mindanao of SM Supermalls, said the mall is the firm’s 46th shopping malls in the country and the second in the city next to SM City Davao in Ecoland. The firm invested some P2 billion for the establishment of the SM Lanang Premiere having four floor levels and with SMX convention center, skygarden and al fresco strip. Aside from its 122-meter long dancing fountain, the mall has also
a bowling center, five cinemas, a centerstage and 466-seater theater, and the upcoming science discovery center. At least 70 percent of the mall is occupied and one of its tenants is the Hog’s Breath, an Australian steakhouse and grill is the first branch of the
steakhouse firm in the county. Other locators that are new in the city include Vikings, Forever 21, Technomarine, Crazy Garlic, Bulgoki Brothers, American Eagle Outfitters, and Breadtalk – a bakeshop company will have Breadtalk Silver in
Upgrading of Davao airport pushed By Ben D. Arche
DAVAO City – In order to meet the growing needs for a better and bigger airport in the region, the Regional Development Council (RDC) X1 recently asked the national government to enhance the international airport here. In a recent press forum here, Maria Lourdes Lim, National Economic and Development Authority (NEDA) director in Region 11, said that it would be appropriate to expand the runway and improve the airport terminals. The RDC also asked the national government agencies to improve the security measures in the international airport, Lim
said. Lim added that the proposal is part of the RDC’s investment program set for implementation next year that needs funding assistance from the national government. The RDC’s proposal was already submitted to the Department of Transportation and Communication, Civil Aeronautics Board and Civil Aviation Authority of the Philippines, Lim told. Other recommendation of the council is for the airlines to utilize the airbridge. The airline will pay P400 for the use of the airbridge. The RDC’s technical working group reported that an airline company
snubs the use of the airbridge and prefers to park its aircrafts at the side of the runway near terminal gates. This situation, the report added would leave the passengers no choice but to walk on the tarmac, and would create artificial congestion of passengers in some terminal gates especially during peak hours. The non-usage of the airbridge is not fair for the passengers as they are paying fees for the use of the terminal ramp, according to Vicente Lao, chairman of the Mindanao Business Council. Lao said it is a clear violation as the passengers pay the exact terminal fee in the airport.
the mall, according to Therese Lapeña, SM Lanang manager. On the opening, there will be a live performance by the Zombettes, a rock group composed of Sanya Smith, Mia Ayesa and Ornusa Cadness. Disk jockey Callum David will also be at the mall’s atrium.
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 AƩy. 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
Security Bank Loans Grow 29% Year on Year Security Bank Corporation reported a healthy first semester 29% year-on-year rise in its loan portfolio due to the expansion experienced in various industries, most notably in infrastructure, mining, energy and real estate. The bank’s asset base increased to P235 billion, an 11% increase from end of June 2011. Deposit liabilities increased by 26% to P131 billion across all categories. Security Bank President and Chief Executive Officer Alberto S. Villarosa commented that the core businesses delivered good returns due to the continued confidence of domestic and international investors in the Philippine economy as evidenced by their growing long-term commitments to key sectors in the country. Security Bank’s nonperforming loans ratio of 1.1% for the period remains to be among the best in the industry. NPL cover, meanwhile, was at 219% at the end of the period. The bank continues to maintain a fundamentally strong capital base with its capital adequacy ratio standing at 18.2% as of end June 2012. Security Bank Chief Financial Officer Joselito Mape said the bank is in the initial stages of an investment phase with the expansion in its branch network and the acquisition of Security Bank Savings. Security Bank has opened 10 out of the planned 50 new restricted-
area branches during the first half of the year. In anticipation of an increase in credit demand, the Bank successfully concluded a P5 billion offering of seven-year, long-term negotiable certificates of deposit (LTNCD) to its retail and institutional clients in February 2012. A second tranche of LTNCD which was recently launched with a targeted deal size of at least P3 billion was oversubscribed prompting the Bank to upsize the issue to P5 billion and to shorten the offer period one week in advance. The second tranche was priced at 5.5% and will have a maturity of 7 years. In 2012, Finance Asia has named the bank as the country’s “Best Mid-Cap C ompany”. Asiamoney named Security Bank the “Best Domestic Debt House” in the Philippines in the Asiamoney Best Banks 2012 Awards. Security Bank was cited recently as the Best Banking Group in the Philippines at the World Finance Awards and was rated the “Best Bank” by Asian Banker for achieving the highest return on assets in Asia, as well as the third strongest bank in the Philippines. Last June 20, 2012, Security Bank received the “Best in Asia in Corporate Governance” award for the third straight year in the 8th Corporate Governance Asia Recognition Awards in Hong Kong.
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September 21-23, 2012
Congress.Watch
Congressman Rufus B. Rodriguez of the second district of Cagayan de Oro addresses Sendong victims at Sitio Macapaya in the Amakan Houses on August 27 giving them the assurance that Habitat for Humanity will expedite construction of their 440 permanent houses and also he will be giving livelihood programs like the Bayanihan Transport Group for transportation route of the residents, furniture making and food processing. Cong. Rodriguez also shared food for the one thousand four hundred evacuees and other people in attendance as his way of celebrating fiesta with them.
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Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region BRANCH 18 Cagayan de Oro City 2012-413 IN RE: PETITION FOR CORRECTION SPEC. PROC. CASE NO. 2012-128 OF THE ENTRY IN THE CERTIFICATE OF LIVE BIRTHS OF MINORS JONATHAN AND JOVANNY SABIT BARING WITH RESPECT TO THE DATE OF MARRIAGE OF PARENTS, QUIRINO PELIGRO BARING, JR., rep. of minors JONATHAN AND JOVANNY SABIT BARING, Petitioner. -versusTHE LOCAL CIVIL REGISTRAR OF CAGAYAN DE ORO CITY, Respondent. x---------------------------------------------------------------------- /
Rufus calls for probe of human trafficking in the Phils Congressman Rufus Rodrigues of Cagayan de Oro and other lawmakers have called for a congressional probe into the unabated incidence of human trafficking of adults and minors in and out of the Philippines. Reps. Maximo Rodriguez, Jr. (Party-list, Abante Mindanao) and Rufus Rodriguez (2nd District, Cagayan de Oro City) filed House Resolution 2650 directing the House Committee on Social Services to conduct an inquiry on reports of the International Labor Organization (ILO) that the Philippines is a source, a destination and transit country for men, women, and children subjected to sex trafficking and forced labor. Rodriguez said men, women, and children are also being trafficked from rural areas of the country to urban centers including Manila, Cebu, Angeles City and Mindanao. “There is a very alarming need to address the problem, find ways and enact measures to ensure that human trafficking in the country
be stopped and to ensure that no one else becomes victimized,” Rodriguez said. Rodriguez said men are subjected to forced labor and debt bondage in the agriculture, fishing, and maritime industries while women and children are trafficked within the country for forced labor as domestic workers and smallscale factory workers, for forced begging, and for exploitation in the commercial sex industry. “Hundreds of victims, including children are subjected to forced prostitution each day in wellknown and highly visible business establishments that cater to both domestic and foreign demand for commercial sex acts,” Rodriguez said. The U.S. Department of State’s Trafficking in Persons Report has placed the Philippines in the level of Tier 2 for not complying with the Trafficking Victims Protection Act’s minimum standards for the elimination of trafficking but making significant efforts to do so.
Republic of the Philippines Regional Trial Court of Misamis Oriental 10th Judicial Region Branch 38 Cagayan de Oro City IN THE MATTER OF THE PETITION FOR CORRECTION OF ENTRY IN THE RECORD OF BIRTH OF LESTER R. DAPUSALA (CHANGING THE ENTRY OF THE SEX FROM FEMALE TO MALE) LESTER R. DAPUSALA, Petitioner,
SPEC. PROC. No. 2012-134
FOR:
CORRECTION OF ENTRY IN THE RECORD OF BIRTH
-versusTHE LOCAL CIVIL REGISTRAR OF CLAVERIA, MISAMIS ORIENTAL, Respondent. x--------------------------------------------/
This instant Petition filed by Quirino Peligro Baring, Jr. representing the minors Jonathan and Jovanny Sabit Baring (hereafter petitioner) seeks the correction of the entry in the minors’ birth records, to wit:
Before this Court is a Petition for Correction of Entry in the Certificate of Live Birth of herein petitioner as to his Gender/Sex, which is Female instead of Male, in the Office of the Local Civil Registrar of Claveria, Misamis Oriental. IT IS HEREBY ORDERED that said Petition be set for hearing on November 7, 2012 at 8:30 in the morning at the Session Hall of this Court, on which date, time and place, all persons who may have any opposition to the petition herein sought, may appear to show cause why said petition should not be granted. Let this Order be published in a newspaper of general circulation in the Province of Misamis Oriental once a week for three (3) consecutive weeks prior to the date of hearing. Likewise, let copies of this Order, with Petition attached, be posted by the petitioner on the bulletin boards of this Court, the Provincial Capitol of Misamis Oriental and the Municipal hall of Claveria, Misamis Oriental for at least ten (10) days prior to date of hearing. Petitioner is further ordered to furnish copies of this Order and the Petition to the Offices of the Solicitor General, the Provincial Prosecutor of Misamis Oriental and the Local Civil Registrar of Claveria, Misamis Oriental. SO ORDERED. September 10, 2012, Cagayan de Oro City.
Finding the Petition to be sufficient in form and substance, let the initial hearing of this case be set on November 26, 2012 at 8:30 in the morning before this Court. Let a copy of this ORDER be published at the expense of the petitioner, once a week for three (3) successive weeks in a newspaper of general circulation in Cagayan de Oro City and the Province of Misamis Oriental. Respondents, Local Civil Registrar of Cagayan de Oro City and the National Statistics Office and any person having or claiming any interest on the entry whose corrections are sought, may, within fifteen (15) days from notice of this Order or from the last date of publication thereof, file their opposition/comment and appear at the scheduled hearing. Furnish copies of this Order, together with the Petition and its annexes, to the Office of the Local Civil Registrar of Cagayan de Oro City, the Office of the Solicitor General and tha National Statistics Office, Manila. SO ORDERED. August 31, 2012, Cagayan de Oro City. DENNIS Z. ALCANTAR Presiding Judge
BWM: SEPT. 21, 28, & OCT. 5, 2012
BWM: Sept. 14, 21 & 28
The report cited a number of high-risk factors in the Philippines that can contribute to human trafficking, among others, the conflict between the Moro Islamic Liberation Front (MILF) and the Armed Forces of the Philippines (AFP); as well as the pervasive and persistent poverty, population growth, and dependency burdens, high unemployment and underemployment and constraints to small and medium enterprise growth. “Children are vulnerable to various military groups in the Philippines including the Moro Islamic Liberation Front (MILF), a separatist group, and the New People’s Army (NPA), which have been identified by the United Nations as among the world’s persistent perpetrators of violations against children in armed conflict, including forcing children into service,” Rodriguez said. “Just last May, police authorities, particularly the Task Force Against Human Trafficking in Zamboanga City rescued more
than 100 suspected victims of human trafficking from Basilan, who were all promised scholarships and jobs,” Rodriguez said. Other high-risk factors contributory to human trafficking in the Philippines as mentioned by the 2011 U.S. Department of State’s Trafficking in Persons Report is the presence of a large informal economy, estimated to be between 40-80% of Filipino workers, who are for the most part not registered or recorded in official statistics and are beyond the reach of social protection and labor legislation. “The report also mentioned the presence of an established organized crime network in the Philippines that plays upon the above factors and fraudulently recruits persons for jobs that are in reality forced labor situations; and the persistent law enforcement officials’ complicity in human trafficking and corruption at all levels of government that enables traffickers to prosper,” Rodriguez said.
Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region OFFICE OF THE CLERK OF COURT EX-OFFICIO SHERIFF Tubod, Lanao del Norte NOTICE OF EXTRA-JUDICIAL SALE EJF No.: 168-07-2012 Upon the Extra Judicial Petition for Sale under Act 3135/1508, as amended, filed by the 1ST Valley Bank Inc., Baroy, Lanao del Norte against EDDIE AVILA, Bag-ong Dawis, Baroy, Lanao del Norte to satisfy the indebtedness which as of July 05, 2012 amounting to TWO HUNDRED THOUSAND PESOS (Php 200,000.00) excluding penalties, changes, attorney’s fee and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at public auction on 26th day of October 2012 at 10:00 AM or soon thereafter at the Regional Trial Court, Branch 07, Poblacion, Tubod, Lanao del Norte, to the highest bidder for cash or manager’s check and in Philippine Currency, the following property with all its improvements, to wit: KATIBAYAN NG ORIHINAL NA TITULO P-13,452
ORDER
: from “June 13, 1995” to “December 9, 2000”
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Congressman Rufus B. Rodriguez listens intently with former National Security Adviser Rep. Roilo S. Golez of the 2nd District of Parañaque City as the resource persons discuss their supporting arguments for House Bill 6410 (An Amending RA 7898 or the AFP Modernization Act) of which Rep. Rodriguez is one of the co-authors. The measure seeks to make RA 7898 more responsive to a continuously changing international and regional security environment and provides for the revision of the AFP modernization program to provide substantial funds directed towards addressing the internal and external security threats to the country and develop the AFP and give them the capabilities to meet these threat.
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Date of marriage of parents
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“A parcel of commercial lot with an area of Seven Hundred Forty Four (744) sqr. Meters more or less, situated at Bag-ong Dawis, Baroy, Lanao del Norte. Lot No. F-123503-366 (Isolated) Bounded on the SE., along lines 1-2-3 by Lot No. 1961-D, Psd-12-026993; and on the SE., along line 3-4 by Lot No. 1961-B, Psd-12-026993; and on the SW., along line 4-5 by Vacant Lot National Highway portion, and on the NW., along line 5-6 by National Highway; and on the NE., along line 6-1 by Vacant Lot National Highway portion. Together with all the improvements found thereon. “All sealed bids must be submitted to the undersigned on the above stated time and date. Tubod, Lanao del Norte, Philippines, this September 04, 2012.
For the Clerk of Court and Ex-Officio Sheriff CONRADO V. HINGCO, JR. Sheriff IV
(Sgd.) EMMANUEL P. PASAL Judge BWM: SEPTEMBER 14, 21, & 28, 2012
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Billboard
September 14-16, 2012
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LICEO U partners with COMC T
o further commit herself to providing academic excellence, Liceo de Cagayan University forges a partnership with one of the best medical facilities in Northern Mindanao, Cagayan de Oro Medical Center (COMC) as the former’s base hospital for the five allied medical courses of the institution. Starting this year, paramedical courses offered in Liceo U such as BS Nursing, BS Medical Laboratory Sciences, BS Radiologic
Technology, BS Pharmacy and BS Physical Therapy will have their affiliations in COMC. This synergy between institutions truly benefits the aspiring young medical practitioners in honing their skills and equips them with the experience before embarking into their chosen profession. This milestone is commemorated with an unveiling of a partnership marker at the lobby of the main building of COMC on September 13, 2012, 3PM and witnessed by the
Administration of both institutions headed by COMC President, Dr. Francisco L. Oh and Liceo University President Dr. Mariano M. Lerin, CPA. Liceo de Cagayan University is one of the leading academic institutions in Mindanao and was granted autonomous status by the Commission on Higher Education (CHED) and the first university in the Philippines granted by PACUCOA level III Re-accreditation for Nursing
This synergy between institutions truly benefits the aspiring young medical practitioners in honing their skills and equips them with the experience before embarking into their chosen profession.
Liceo U President Dr. Mariano M. Lerin (leŌ) unveils the partnership marker together with COMC President Dr. Francisco L. Oh
Dr. Oh (foreground right) and Dr. Lerin (background right) addressing the guests during the unveiling of the partnership marker at the entrance of the COMC Hospital.
IRISH PRINCESS J. LAGSA
JON PAUL C. SIRUNO
LIEFHOYD B. SUDARIA
ELDY D. SUBRADO
This is to inform the public that IRISH PRINCESS LAGSA, LIEFHOYD SUDARIA, JON PAUL SIRUNO and ELDY SUBRADO whose pictures appear above are no longer connected with Toyota Cagayan de Oro, Inc. at Km. 3 National Highway, Kauswagan, Cagayan de Oro City. Any transaction entered by this person on behalf of TOYOTA CAGAYAN DE ORO, INC. will not be honored.
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BusinessWeek
September 21-23, 2012
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BWM MEDIA CENTER
‘We grow minds’ By ALLAN M. MEDIANTE, Executive Editor
EXCELLENCE IN J O U R NA L I S M , writing or any other media skills does not happen overnight. In some cases, innate talent and natural flair may be considered, but generally, it must come from education and experience. Appreciating assignments as writers, reporters and editors start at any given time. It could start with young minds, teenagers, the middle age group or even seniors. Love for writing, once ingrained in one’s self, never dies. A journalist never grow old, it won’t even fade away like soldiers, and it would never die even if massacred. For a journalist is an immortal icon, not a mere flesh. In this age of modern and hi-tech information, media indulgence has become a preoccupation by almost anybody. Journalism has ceased to be an elitist preoccupation of sorts because it has become the interest of the whole populace. From a strictwatchdog genre, journalism has branched
out into several information branches and advocacies. Thus, we now have civic, citizen, and community journalism, environmental and health journalism, government press organizations, and even militar y and rebel press corps. Not to be outdone, the political machineries have organized their own media bureaus. The business communities
too have installed their own media departments. All schools now have their own newspapers and magazines. Our planet have become a media world. This reality has prompted the Sudaria Group of Publications to establish “The Media Center.” As part of its corporate social responsibility, BusinessWeek Mind-
anao, Mindanao Daily News, Mindanao Star Balita, Cagayan Times, and BWM Magazine, has started operation of the Media Center with trainings, seminars, and lectures on almost all journalistic persuasion, i.e. Broadcast journalism, Basic Journalism for Print and Radio, News writing, feature writing, editorial writing, lay-out and design, photography
and photojournalism, video production, online publication and programming. The Media Center has already held several press-conferences, seminars with the Philippine Press Institute, Basic Journalism series of lectures with workshops for high school and elementary school campus writers, and radio and broadcast trainings for elementary pu-
pils. Yes, we even start them young. “We grow minds,” not only for young people but even for adults. Education and learning on journalism is a continuing process. The growing of the minds is an endless capability-building task. It has become one of our social responsibility. T h e BW M Me d i a Center has its own pool of trainers, all seasoned journalists:
ORIENTATION ON RADIO BROADCASTING- With Training Assistant Arjay S. Felicilda (standing left), BWM Media Center CEO Dante M. Sudaria (standing 5th from right), Training Facilitator Joe del Puerto Felicilda (standing right) and Training Assistant Irene Domingo (seated right), the participants strike a pose during the Orientation on Radio Broadcasting, with Focus on Radio News Scriptwriting, September 18, 2012 participated by 17 government information officers from DAR 10 and 13, DA 10, DILG 10, CHR 10, DENR 10, DOST 10, COWD and LGU Surigao del Norte.
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