MINDANAO DAILY FEB.29,2012 by Mindanao Daliy

Regional News

Cerelo Namocatcat (right) renders 31 years of public service

Sustainable aquaculture in Zamboanga Sibugay

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SN Aboitiz Power Group triumphs in the 47th Anvil awards

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VOL. 1, No. 241

Cagayan de Oro City

Wednesday

February 29, 2012

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Benaldo: We are ready Ex-rebels for recall proceedings receive cash By GERRY L. GORIT Photo-journalist

CAGAYAN de Oro first district Rep. Benjo Benaldo said over the weekend that the allies of Mayor Vicente Y. Emano are ready for recall proceedings should this prosper against the mayor. Benaldo said they are ready to provide lawyers if the signature campaign to recall Emano reaches the requirement. BENALDO However, he said he is wondering why the group up with the requirements behind the campaign, Save until this time. CDO Now, has not come READY/PAGE 10

assistance

By DAHLIA BENEMERITO Bukidnon News Bureau

MALAYBALAY City––The provincial government of Bukidnon has released P165,000 to the eight rebel returnees in a form of financial assistance, the turned over of which was held at the Office of the Governor last Wednesday [February 22]. The beneficiaries were Roel Mama, Renalyn Mama from Barangay Kalabugao, Impasug-ong; JovenYanggo and Efren Yanggo from CASH/PAGE 11

This Chinese mining operation is worsening the already bad siltation problem of the Iponan River. A GMA Isyu Karon team which earlier reported on its activities were threatened with bodily harm by a barangay kagawad who is now the subject of a criminal complaint in the RTC by GMA News. Photo supplied

Fuel grants not enough A RANKING Catholic bishop called on the Aquino administration to take utmost priority on “long term solutions” to the country’s problems. Archbishop Jose Palma, president of the Catholic Bishops’ Conference of the Philippines, said the Filipinos, especially the poor, do not need hand-outs for

their sustenance. The people, he said over Manila archdiocese-run Radyo Veritas, need realistic and sustainable measures that will ensure their bet-

WEATHER UPDATE EASTERLIES prevailing over the country. Extreme Northern and Eastern Luzon, Eastern Visayas and Mindanao will experience mostly cloudy skies with scattered rainshowers and thunderstorms. The rest of the country will have partly cloudy to cloudy skies with isolated rainshowers or thunderstorms. Moderate to strong winds blowing from the East will prevail over the Eastern section of the country and the coastal waters along these areas will be moderate to rough. Elsewhere, winds will be light to moderate coming from the East to Northeast with slight to moderate seas.

source: pagasa

ter future. “We do not encourage short solution totally. We encourage them to think of long term solution. So we need programs or real solutions for the problem of our country,” said Palma. He cited, for instance, the “Pantawid Pasada” program that provides a subsidy for the public transport sector amid rising oil prices. According to Palma, it will not be a big help to drivers and also does little to provide relief to the public. Labor center Kilusang Mayo Uno earlier called on the government to remove the overpricing in oil products as a way to reduce prices. Overpricing in petroleum products was estimated to be around P9.00 per liter last August. FUEL/PAGE 10

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Regional News

Editor: CRIS DIAZ

WEDNESDAY, FEBRUARY 29, 2012

DOJ clears execs of murder charges SULTAN KUDARAT, Maguindanao ––The Department of Justice has cleared Maguindanao Vice Governor Justin Mastura and Sultan Kudarat town mayor Tocao Mastura of any culpability in the murder of a Maguindanaon town mayor in Davao in 2010. Mayor Mastura and his nephew, Vice Gov. Mastura and 10 others were linked to the murder of Mayor Alex Tomawis of Barira, Maguindanao in Davao City. In a resolution, the DOJ panel, also cleared Mayor Mastura’s younger brother, Armando Mastura, mayor Sultan Mastura town; and Talib Abo, former mayor of Parang, also in Maguindanao. Mayor Tomawis wife

Fatima linked the Masturas to the killing of her husband allegedly by hiring gunmen and carrying out the execution at the family home in Davao City on November 28, 2010. Lawyer John Rangal Nadua, Mastura’s counsel, told reporters they have presented enough evidence to the DOJ to show that his clients were innocent. The DOJ panel, composed of Prosecution At-

torney Ria Niña Sususco, assistant state prosecutor Grace Ruiz, and senior state prosecutor Roberto Lao, recommended the dismissal of the charges against the Masturas for lack of evidence linking them to the crime. “There was no reason for us to kill Mayor (Alexander) Tomawis because there was no animosity between our clans,” Mastura, provincial chair of the Liberal Party, said. Also cleared by the DOJ were Raul Tomawis, cousin of the slain mayor, and Rosalim Bangon. Both were killed in an ambush last month in Barangay Nituran, Parang, Maguindanao. Wire report

Spain’s ‘PyD’ to lecture on gov’t accountability and transparency BUTUAN City––A Spanish non-governmental organization (NGO) Paz y Desarrollo (PyD) is set to brief different stakeholders in Caraga Region about their 2012 projects on transparency and accountability. Noelia Monge Vega, PyD country representative to the Philippines, said the activity aims to promote accountability and transparency while disclosing levels of programs of actions and expected results; provide government partners with program directions especially for the period March–December 2012. The briefing at the regional office of the National Economic and Development Authority (NEDA) of Caraga Region here on March 7, 2012 will draw out points of partnership between PyD and various private and public partners.

PyD started its works in the Philippines in 2008 with the project “Strengthening the Productive Sector in the Rural Areas and Improving Sexual and Reproductive Health in Caraga (Region 13) and Bicol (Region 5) Regions covering provinces of Albay in Bicol, Agusan del Sur and Agusan del Norte; Surigao del Sur and del Norte in the Caraga Region. To date PyD with partners is implementing the four-year “Regional Program to Promote Gender Equality in Political Participation in Bangladesh, Cambodia, the Philippines, East Timor and Vietnam” (Convenio AECID Code 10-CO1-029). Both programs contributed to the Spanish Agency’s (AECID) overall development framework of democratic governance, citizens’ participation and institutional

SUSTAINABLE AQUACULTURE IN ZAMBOANGA SIBUGAY. The Kahugpungan sang mga Gagmayong Mangingisda sa Concepcion (KGMC), a fisherfolk association, is establishing a grouper nursery in Kabasalan, Zamboanga Sibugay, with assistance from the U.S. Agency for International Development, through its Growth with Equity in Mindanao (GEM) Program. The KGMC nursery will complement the operations of the High-Value Multi-species Hatchery in Tawi-Tawi, which aims to improve the availability of fingerlings among aquaculture growers in the Zamboanga Peninusula. KGMC plans to eventually provide for the fingerling requirements of about 1,000 fish farmers in the region. Grouper culture has great economic potential for Mindanao due to the increasing demand for high-value fish products in international markets such as Hong Kong and Mainland China. The USAID/GEM Program is implemented under the oversight of the Mindanao Development Authority. USAID

M’danao aqua industry conquers global market

GENERAL Santos City–– Mindanao producers in the aqua food industries had successfully penetrated the global markets after introducing their products in international trade shows last year. Two events held in November 2011, the China Fisheries and Seafood Exposition in Qingdao, China, and the Busan International Seafood and Fisheries Exposition in South Korea, highlighted Mindanao’s growing competitiveness TRANSPARENCY/p.10 in the food fish sector. “In Busan, we had inquiries from Japanese and Koreans regarding processed octopus, squid, abalone and grouper products for sushi,” said Romel Sotto, Vice President for Operation/Marketing of Millennium Ocean Star Corporation, which sources its raw materials from Western Mindanao and the Sulu Archipelago. “Being able to have exhibit space made a substantial difference in introducing our new products,” Sotto added. The participating firms noted that buyers at the Qingdao and Busan shows were “pleasantly surprised” by the superiority of the Mindanao processed seafood on display. “Even if our packaging and presentation were not as fancy as those from Japan, they liked the quality,” said Jose Maria Cabrera, Export Manager of Alsons Here’s your edge: Aquaculture Corporation, • First, aside from our print copies being distributed to key Mindanao cities, we also come up which is based in Sarangani with an electronic copies of the paper posted through our website [www.mindanaodailybalita. Province. “They also appreciated com] where you can read the paper online exactly as what it appeared in our print edition. the certifications we pre• Second, We also send daily electronic mails to thousands of our e-mail subscribers. sented for good manufacturing practices (GMP), ISO Like us in Facebook: Mindanao Daily fan Page 22000-2005, and compliance http://www.facebook.com/pages/Mindanao Daily Fan Page with halal, European Union, and U.S. Food and Drug Administration (USFDA) standards,” Cabrera added.

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“They were attracted by the fact that we have our own conservation program monitored by the World Wildlife Fund.” “We were also surprised by the interest in sushi products shown by Europeans and Russians, whom we don’t immediately think of as being in the market for sushi,” said Sotto. Since 2008, Mindanao companies that have participated—most of them for the first time—in more than 24 international food expositions and reported total booked sales of more than US$78 million. The amount comprised initial sales. It does not necessarily reflect additional orders from the new market contacts established through the trade shows. The U.S. Agency for International Development (USAID), in collaboration with the Philippines’ Department of Agriculture and Department of Trade and Industry (DTI) provided technical and funding support on Mindanao companies participating in the trade shows. Through its Growth with Equity in Mindanao (GEM) Program, USAID is helping to increase exports of higher-value agricultural products from Mindanao and generate more livelihood opportunities in the region. Trade shows are opportunities to gauge the receptivity of target markets, observe product trends, and establish marketing agreements with buyers. USAID and DTI also arranged market reconnaissance tours of local retail outlets in the cities hosting the trade shows to help the Mindanao participants get a better feel for what sells. “We had a more tradi-

tional approach to marketing abroad, looking for incountry distributors to push our product line for us,” said Cabrera. “But this opportunity to join the Qingdao show has been particularly helpful in floating and developing new mainstream market products.” Both Cabrera and Sotto noted that buyer interest in traditional seafood products remains strong, but that sustainable aquaculture is “the way to go.” “The government and the private sector have to continue investing in sustainability measures,” said Cabrera. “Good conservation and business viability should be in balance.” “There’s also a trend towards value-added products, which brings in more profit and employs more people,” said Sotto. Cabrera encourages other Mindanao food producers to invest in adopting international food processing standards, such as ISO and hazard analysis and critical control points (HACCP), and being properly certified. Thirteen Mindanao companies assisted by USAID to acquire HACCP certification reported a collective increase in sales totaling $16.2 million over a twoyear period, which they attributed directly to their being HACCP-certified. “Complying with global standards in different aspects, from processing to packaging to basic marketing is the only way to have full access to the world market,” said Cabrera. He added that forming a consortium of established producers would also be a big step in opening up more markets for Mindanao products. Other key MARKET/p.10

News In Focus Editor: CRIS DIAZ , Email: cris_d1954@yahoo.com

WEDNESDAY, FEBRUARY 29, 2012

Patrol boats v. illegal fishing in Saranggani By CRIS DIAZ Associate Editor

GENERAL Santos City––Four more patrol boats have been set off Saranggani Bay as commercial fishing operators continue to violate existing laws despite tight monitoring of the rich fishing ground. The Bureau of Fisheries and Aquatic Resources (BFAR) said the new patrol boats, each costing P1.9million, were set out to secure the seas off four coastal municipalities of Sarangani province against incursions from commercial fishing boats and other illegal fishing violations. “The patrol boats will be utilized for the enforcement of various fishery laws and other activities related to the protection and conservation of the bay’s biodiversity,” said Assistant Director Ambutong Pautong of BFAR Region 12. He said the patrol boats’

Purging of voters’ list in ARMM starts, say THE COMMISSION ON ELECTIONS (Comelec) has started purging the voters’ lists in the Autonomous Region in Muslim Mindanao (ARMM) to ensure fraud-free elections in 2013, a Palace official said. Presidential Spokesperson Edwin Lacierda said the Comelec started implementing measures to remove ghost voters in the ARMM. “Di ba ang mahalaga po dito sa ARMM, apart from introducing the reforms in governance, is also electoral reforms. Nililinis talaga iyong listahan ng botante kasi alam natin dito sa ARMM may mga ghost voters, and that’s what (Comelec) chairman Sixto S. Brillantes Jr. is doing,” he said. On June 30, 2011, President Benigno S. Aquino III signed into law the bill postponing last year’s ARMM elections in order to synchronize it with the national and local elections in 2013. Republic Act 10153 mandates that the next ARMM elections for the regional governor, vice governor and members of the regional legislative assembly shall be held simultaneously with the midterm elections on the second Monday of May 2013. Succeeding regular elections in the ARMM will take place on the same date every three years. Wire report

deployment was in accord with the memorandum of agreement signed by BFAR with the local governments of Maasim, Glan, Kiamba and Maitum in Sarangani. Under the agreement, BFAR tapped the four local government units to assist its campaign against illegal fishing along the Sarangani Bay, which is a declared protected seascape. The government units will operate and maintain the four patrol speedboats, each with a 135 horsepower. Pautong said they turned over the patrol boats following the completion of the three-day training on familiarization and maintenance of the units for selected employees of the recipient local governments Friday last week. Alma Dickson, head of the national marine fisheries in coordination with BFAR personnel supervised the three-day training BFAR and the provincial government of Sarangani earlier intensified its monitoring against illegal fishing activities along the Sarangani Bay due to the reported operations of some

commercial fishing boats in portion of its tuna-rich waters. In late November, around 20 tons of dead skipjack tuna washed off shores in Maasim believed dumped by small commercial fishing boats that utilize the ‘likom’ method or net fishing. The ‘likom’ f ishing boats reportedly overfished prompting them to dump some of their catch along the bay due to their limited capacity. Republic Act 8550 or the Philippine Fisheries Code prohibits commercial fishing within the 15-kilometer municipal waters. Last year, a significant portion of the critical Bacud Reef off Kiamba town were tear down after a foreign cargo vessel ran aground in the area for about five weeks. In November last year, operators of the vessel’ agreed to a settlement of P20 million with the local government of Sarangani after the Philippine Coast Guard’s Special Board of Marine Inquiry found them liable for the damages on the reef. With wire report

Force suspension of all classes in Zambo ZAMBOANGA City––Heavy rains spawned by a localized thunderstorm forced the suspension of classes in most schools, colleges and universities in the city proper today, Monday. Rains started to fall at about 2 a.m. to about 5.00 a.m. and flooded the city streets and school campuses located in low-lying areas in the city. Among the first to announce the suspension of classes were the Zamboanga City College of Marine Science and Technology located along the shorelines of Barangay Rio Hondo near Fort Pilar and just about a kilometer from City Hall. Officials of the Western Mindanao State University (WMSU), Pilar Colleges along the shorelines of San Jose Cawa Cawa also called radio stations to announce suspension of classes. Officials from other colleges and universities also called in their suspension of classes for Monday. City Schools Superintendent Pedro Natividad said school administrators such as principals, head teachers and district supervisors can suspend classes on their own, without waiting from instructions from the Division Of City Schools. Natividad said aside from flooding of the school campus, most school children could not go to school because of flooding in their communities. Most elementary schools in the heart of the city also suspended classes. Major streets in low-lying areas were also flooded knee-deep. FORCE/PAGE 10

LOST Red Coca Cola portfolio with important documents left aboard Lapasan jeepney Feb 23.

Pls. contact: Mike Baños cp #: 0917-714-8484 (GLOBE) or 0999-998-4980 (SMART)

THIRTY-ONE YEARS OF PUBLIC SERVICE. CAGAYAN de Oro City Mayor Vicente “Dongkoy” Y. Emano shakes the hand of Cerelo Namocatcat as he hands over a plaque of appreciation for 31 years of service under the city government as Metro Aide. (CIO)

March 8: It is a h’day in Comval PRESIDENT Benigno S. Aquino III has declared March 8, 2012 which falls on a Thursday, as a special non-working day in the province of Compostela Valley in celebration of its 14th Foundation Day and the 5th Bulawan Festival. In Proclamation No. 332

signed by Executive Secretary Paquito N. Ochoa Jr. on February 9, the President issued the declaration to give the people of Compostela Valley the full opportunity to celebrate and participate in the occasion. The province of Compos-

is now

tela Valley used to be part of Davao del Norte until it was made independent in 1998 by virtue of Republic Act No. 8470. The law was subsequently ratified through a plebiscite conducted in the 22 municipalities of the province.

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WEDNESDAY, FEBRUARY 29, 2012

PROVINCIAL Gov. Douglas Ra. Cagas signs the memorandum of agreement for the 14.7-MW Tudaya hydro power project with President and COO Rene Ronquillo of Hedcor. Sta. Cruz Mayor Joel Rey Lopez also signs as witness together Hedcor vice president Gregorio Jabonillo.

Cagas gives the green light to a hydropower project

AVAO Del Sur Gov. Douglas Ra Cagas signed the memorandum of agreement recently with President and COO Rene Ronquillo of Hedcor for the 14.7-megawatt Tudaya run-of-river hydro power systems to be located at the upstream of Sibulan Hydropower Plant and

downstream of Sibulan Hydropower Plant B. “I affixed my signature here (in the MOA) because I am aware of my responsibilities and at the same time, Hedcor already spoken to me what their responsibilities are to us,” Cagas said. “The two hydro plants will help the power shortage of

Davao”, added Cagas. Witnessed by Sta. Cruz (Davao del Sur) Mayor Joel Rey Lopez, the project is an expansion of the existing 42.5-megawatt Sibulan Hydropower Plant. In July 2011, the local government unit of Sta. Cruz endorsed the project. “After working on all the necessary

documents, we hope to start constructing next month,” Ronquillo said. “It will generate 76 GWh of renewable energy per year for Davao del Sur Electric Cooperative (DASURECO) and Davao Light and Power Company starting in the first quarter of 2014.” DASURECO is the

power distributor to more than 100,000 households in the province of Davao del Sur. By ensuring to provide a clean and renewable energy to Mindanaons, Hedcor entails to help meet the increasing power demands of Mindanao through its run-ofriver hydropower systems.

Hedcor is also looking at expanding in Bukidnon and add existing capacity in Davao. Hedcor, a wholly-owned subsidiary of AboitizPower Corporation, is the largest developer of run-of-river hydropower plants in the country with 19 plants in Benguet, Ilocos Sur and Davao.

Solon, governor ink Replumbing to cost water firm millions pact on health services By PJ TREMEDAL, Western Mindanao Bureau

By PJ TREMEDAL, Western Mindanao Bureau

OROQUIETA City––Rep. Jorge Almonte and Misamis Occidental Governor Hermie Ramiro have formally conceptualized a joint venture agreement to provide better healthcare services and medical assistance to the poorest of the poor. In an interview, Lawyer Marlo Bancoro, the legal officer of Almonte, said the congressman has allocated substantial fundings to six government-run hospitals in the province intended for the Philhealth use. Bancoro announced that renewal for membership in the Philippine Health Insurance Corporation (Philhealth) especially for the residents of the province’s first district. He, however, explained that although the cards that will be distributed are locally created it will still be equivalent to the national health cards where beneficiaries will be afforded similar benefits. He said the local health cards of Rep. Almonte will be distributed to the hospitals with the corresponding allocations. These hospitals are Calamba District Hospital (P300,000); Misamis Occidental Provincial Hospital (P2 million); Jimenez Medicare Hospital (P100,000), MARSGEN Hospital in Ozamis City (P100,000), National Kidney Institute (P100,000); and the Philippine Heart Center (P100,000). Bancoro said that more fundings will be added to the beneficiary-hospitals this year to accommodate more beneficiaries but it will be provided through an ID system to ascertain the identity of individual members or beneficiary of the health card holder. With the joint undertaking, the residents of the province’s first district are now assured of local health privilege. Earlier, the city government of Oroquieta is keen on stopping the distribution of Philhealth cards after the health insurance increase the annual contribution from P420 per individual to P1,200 starting July 2012. Aside from the increase in health contribution, the city government of Oroquieta has decided to minimize the distribution of health cards due to reduction of its Internal Revenue Allotment (Ira) by P50 million this year. This is why, the local government of Oroquieta can no longer gave the needed counterpart fund.

OROQUIETA City––A senior official of water utility here is alarmed over the recommendation of the City Council to replumb its entire water piping system rather than use the Villaflor Pumping Station. Acting on the complaint lodged by Comsai, a people’s organization, the City Council ordered the Oroquieta City Water District (OCWD) to replumb its piping system. But OCWD General Manager Ricardo Ravacio said that should the City Council would pursue its recommendation to close the Villaflor Pumping Station, its major source of

potable water, then the water utility has no option left but to “re-pipe” its entire system. “Remember, the Villaflor Pumping Station is one of the major pumping stations of the whole system, and if this will be close, the other four, is not sufficient enough to produce potable water,” explained Ravacio. He added: “If we will close Villaflor Pumping Station still, we have to re-pipe the whole system.” The OCWD is now rehabilitating its pipe but because of the reclassification from the Local Water Utilities Administration (LWUA) after it was de-

annexed from its mother, the Misamis Occidental Water District, that left OCWD saddled by an P85 million loan, rehabilitation is indeed one of its major problem, pointed Ravacio. OCWD was de-annexed but its reclassification is still in the hands of the LWUA and cannot avail of any loan for its rehabilitation, Ravacio added. The Comsai has called for the closure of Villaflor Pumping Station saying the water coming from the water station is unsafe for drinking. The source of water came from the city’s Layawan River. OCWD answered the allegation, and with its monthly examination re-

sult that is approved by the local health units, the Layawan water source is safe for human consumption, but as of press time, the Sangguniang Panlungsod investigation in aid of legislation to recommend the closure is not done for they want more facts, especially on the allege chemical contaminated source. Meantime, OCWD has purchased and replaced the six-year-old water pump used in the Mobod Pumping Station in the amount of P440,000. It is modern than the old one, it is digitally operated compared to the replace water pump that costs P946,000.

NIA calls on Misamisnons to stop all the cutting of trees along the river By PAT NANO of PIA

OROQUIETA City, Misamis Occidental––The National Irrigation Administration (NIA) has called on the residents of Misamis Occidental to stop the illegal cutting trees along the river to avoid the destruction of the environment. The agency sounded the call after the recent floods in the towns of Tudela and Clarin due to the overflowing of water at Paca River resulting in the collapse of

the irrigation dam in the area. Aside from the illegal quarrying operations, another reason for the occurrence of flashfloods is the illegal cutting of trees in the mountains and along the river which often result, not only to flashfloods, but also landslides. This is because there are no more trees that will absorb and regulate the flow of the rain water that fills the river, during heavy rains, Soledad

Puyales, head of NIA-Misamis Occidental said. Puyales said results of their survey in Sitio Tongo, Barangay Namut in Tudela located at the foot of Mt. Malindang after the recent flashfloods, reveal that the forest in the area had been so much denuded. This has cause the water in the river to overflow as there are no more trees that holds the ground from the mountains down to the communities, during the occurrence of heavy rains, she said.

With this, NIA has advised the residents of the province to stop the illegal cutting of trees and instead plant as much trees as possible to avoid a repeat of the flashfloods which resulted to so much damage in properties and agriculture, especially to the government infrastructure projects like roads and bridges. Meanwhile, she said NIA will implement a tree-planting program along the river to prevent flashfloods from happening.

WEDNESDAY, FEBRUARY 29, 2012

EDITOR: ALLAN MEDIANTE, Email: amediante@yahoo.com

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BIR collection PSE snaps losing streak for 2011 grew by 12.34 percent THE Bureau of Internal Revenue (BIR) has collected a total of P890.5 billion from its operations or a growth of 12.92 percent in 2011 as compared to its 2010 collection of P788.6 billion. It has also collected some P33.7 billion from nonBIR operations or a decrease of 1.04 percent last year compared with the collection of P34 billion in 2010. BIR said its revenue collections are broken down into two, namely: • from BIR Operations -- all collections except those resulting from government borrowings by the Bureau of Treasury; and • from non-BIR Operations -- final withholding taxes on interest payments due on and documentary stamp taxes due from government debt securities issued by the Bureau of Treasury. In the aggregate, the BIR said it has collected a total of P924.1 billion last year, 12.34 percent increase over 2010’s collection of P822.6 billion. Although the growth rate is much higher than GDP growth rate and inflation combined, the BIR said it was 1.69 percent or P15.9 billion short of the 2011 collection target of P940 billion. BIR Commissioner Kim Henares believes that the agency has been able to put in a very credible performance, and is appreciative of the efforts of her people. She also recognizes that there is room for improvement and the collection performance of the Bureau should improve further once the various reforms planned are put in place and fully implemented. (PNA)

PHILIPPINE shares rebounds after three days of loss, rising by 21.14 points or 0.44 percent to close at 4,820.43 while all shares shed 0.46 points or 0.01 percent to finish lower at 3,259.10. Only three of the six subindices closed in the green, led by Property sector, which climbed 28.05 points or 1.57 percent. Services leaped 22.72 points or 1.29 percent while Industrial gained 26.94 points or 0.38 percent. Mining and Oil suffered the blow, los-

ing 281.41 points or 1.11 percent. The index was bolstered by gains on TEL, ALI, EDC, AGI, BEL. Volume traded reached 3.36 billion, valued at P6.33 billion. Decliners won over advancers, 92 to 72 while 33 stocks were unchanged. The index slid on Monday by 93.71 points or 1.91 percent to close at 4,799.29 while all shares shed 51.89 points or 1.56 percent to finish 3,259.56 on profit taking. (PNA)

DTI to launch PBR in Zamboanga Peninsula ZAMBOANGA City––The Department of Trade and Industry (DTI) is set to launch next month the Philippine Business Registry (PBR) here in Zamboanga Peninsula, a DTI official announced Tuesday. National Economic Research and Business Assistance Center (NERBAC-9) Manager Herminia Cuevas said the PBR would substantially reduce the need for registrants to physically go to the concerned government office to register his or her business since a lot of steps in the registration process is already possible to be done online. Cuevas explained the PBR is a web-based system that is envisioned to facilitate a seamless transactional environment for business registration and facilitation which can be accessed by anyone anytime, anywhere there is internet connection. Cuevas said the registration can be done just by logging on to the PBR portal at www.business.gov. ph, fill up the electronic forms provided, pay online via Globe’s GCash facility and print the business name certificate himself in the convenience of his own home or in an internet café any time of the day. Since the PBR is connected to the database of the Bureau of Internal Revenue (BIR), Cuevas said the system will also automatically

generate the Tax Identification Number for those who still don’t have the TIN or “validate the same for those who already have a TIN for your business.” “Further, at your option, the system will also generate your employer number for Social Security System (SSS), Philippine Health Insurance Corporation (Philhealth) and Home Mutual Development Fund (HMDF) or Pag-IBIG since these agencies too are connected to the PBR,” Cuevas added. She said that it is just a matter of time before the mayor’s permit can also be processed online via the same PBR facility. The PBR is one of the reform measures being assiduously pursued by the national government under the auspices of the DTI to promote transparency, streamline transaction processes, promote business growth, and improve the overall competitiveness of the country. (PNA)

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Editor: RUEL PELONE , Email; mindanaodailynews@gmail.com

The invisible hand of monopolies By BENJIE OLIVEROS of Bulatlat.com

THE law of classical economics dictates that when demand exceeds supply, prices go up and dampens demand until it reaches equilibrium with the supply. On the other hand, when demand is low and supply exceeds it, prices would go down until demand increases and achieves equilibrium with supply. This is called the invisible hand of the market. This is the logic of neoclassical or neoliberal economics, thus, the push for limiting government intervention in the economy through deregulation, liberalization and privatization. However, stagflation hit the world economy in the 1970s and this baffled economists. Stagflation, or stagnation coupled with inflation, should not have occurred because in a stagnant economy, unemployment is high and demand is low so why do prices increase? The response of economists and governments of advanced capitalist countries is to push for more deregulation, liberalization and privatization plus controlling inflation through raising or lowering interest rates. But still, this did not solve the problem of rising prices even during these times when the world is suffering from a Great Recession, which progressives say is more aptly described as a Great Depression comparable to what the world experienced in 1929. So what is wrong with the world economy? Recently, there is an ongoing debate in the US about who is to blame for rising oil prices. In fact, the Republicans are using the issue of high oil prices to criticize the economic policies of US President Barack Obama. Pump prices of gasoline in the US has increased by 30 percent in the last two months to reach $3.52 a gallon. (This amounts to P150.51 a gallon or P37.63 a liter, much lower than Philippine oil prices.) US consumers fear that it would reach $4 a gallon. (P171 a gallon or P42.76 a liter) And yet, demand for oil in the US is at a 15-year low. Because of low demand, oil companies have been shutting down large refineries in the US. According to a report written by Matthew Philips “Angry About High Prices, Blame Shuttered Oil Refineries,” which was published by Bloomberg Businessweek, since December, the US

Above the law THINK a minute. Does a thief steal because he’s a thief? Or, is he a thief because he steals? Studies show that over 80 percent of criminals who have been in prison and then freed after serving their time are back in prison for the same crime in less than one year! So back to our question: Does a thief steal because he’s a thief? Or, is he a thief because he steals? The answer: he steals because he’s a thief. We do what we do because of what we are inside. Jesus said that you and I can still be a murderer even if we don’t murder anyone. If we hate somebody and wouldn’t mind if someone else killed that person, then we also are a murderer in our heart. Jesus said that if we lust and desire to have sex with

Think A Minute Jhan Tiafau Hurst someone who’s not our wife or husband, then we’ve already committed adultery because in our heart we are an adulterer. Jesus’ way of living is far above the law. It goes beyond just the minimum, small requirements of the law which simply try to keep society civil. But God did not create you and me just so we would not cheat or steal from our enemy. He designed us to love our enemy. Jesus knows that if we truly love and

EDITOR-IN-CHIEF

ALLAN M. MEDIANTE EXECUTIVE EDITOR

ROSE MARY D. SUDARIA MANAGER

MELANIE RIVERA IRENE DOMINGO PINKY CADAVEDO

care about a person, then we don’t need a law to keep us from cheating or stealing from them! When you and I do something good to impress and look good in front of others, Jesus sees and judges our wrong heart and motives even for doing those good things. Jesus wants us to do them because we genuinely love Him and others, not for our own self-centered pride and good image in front of people.

You’re probably thinking: “If Jesus’ commands are that high above the law, then is anyone that good and perfect?!” Of course not! No one is! That’s exactly why Jesus came: to finally change our heart and character inside. The law can only punish us for our crime, but it cannot change us on the inside. Jesus came to finally take the dishonest thief out of us, so to speak. So why not ask Jesus to forgive you for your wrong heart and way of living right now? Ask Him to start changing you inside into a new person. It’s only with His character and nature in charge of your heart, that you can finally enjoy the freedom of living above the law for the rest of your life. Just Think a Minute.

Benaldo’s oxymoron projects

LAST time, this corner talked about the ‘search for Congressman in Cagayan de Oro’s First District.’ The article created ripples. Obviously, Benjo Benaldo, being the first district Congressman, is not happy. An informant said that Benaldo’s camp reacted furiously. They argued that their Congressman accomplished many things. One of them admitted that although Benaldo’s accomplish- Cris Diaz ments are intangible, people heard about his projects. Another listener batted in and corrected the obserINVISIBLE/p.10 vation. She said that Benaldo’s projects are tangible but their whereabouts are intangible. Folks, the more the group talked about Benaldo as their Congressman, the more they became philosophical. What do you mean by tangible intangible projects? What is the difference between intangible projects but The MINDANAO DAILY is published by Mindanao Daily heard only about it? There is no difference at all. They Balita at Door 3, Geleng Bldg., Lapasan Highway, Cagayan de Oro City. It is registered with the Department of Trade and are oxymoron projects! Industry (DTI), Region 10 with CerƟfifcate No. 01349532, and Oxymoron is an expression with contradictory words. with Business Permit No. 02275, TIN No. 946-396-807-001 That expression described best of Benaldo’s accomplishTelefax Nos: (088) 856-3344, (08822)74-53-80, ments. While Benaldo’s drumbeaters talked about various Cell nos.: 0917-7121424, 0923-432-0687 projects, these projects are intangible. Website: www//mindanaodailybalita.com On the contrary, these projects are only tangible in E-mail: mindanaodaily.ads@gmail.com tarpaulins. Lately, Benaldo’s camp boosts of the Conmindanaodailynews@gmail.com gressman’s allocation of about P100 million for river dikes along Cagayan de Oro River bank. Is this another DANTE M. SUDARIA PUBLISHER bluff Mr. Congressman? RUEL V. PELONE

WEDNESDAY, FEBRUARY 29, 2012

Anyway, if Mr. Benaldo could construct river dikes along Cagayan de Oro River bank, he will break all records of previous Congressmen. Former Congressman Tinnex Jaraula tried to do that but he completed his three terms without attaining that goal. Incumbent Congressman Rufus Rodriguez, of Cagayan de Oro City 2nd District, managed to source funds for river dike. However, the project starts only with groundbreaking. Anyway, with the groundbreaking, the possibility that the project will push through is high. The problem with Benaldo is his publicity stunt. They border on make believed script. For instance, he would say that a budget for all barangays of his district is ready for release. That these projects will commence anytime soon. All these turned out to be nothing but lip service. Mr. Benaldo also had the habit of posting his projects in tarpaulins with his face printed on it. No doubt, he qualifies in the Senate’s ‘Anti-Epal Bill’ of Sen. Miriam Santiago. Yes, they alleged that these projects are tangible only in tarpaulins. Reason: They could not be accounted since they are non-existent. That was what the woman meant of ‘projects that were tangible but their whereabouts were intangible.’ Constituents in the first district harped only on this few things. This prompted them to look for a worthy replacement come 2013 elections. Although getting the right public servant is like searching a needle in a haystack, the electorates are taking the challenge rather than reelect an official that could not meet their expectation. react: crisguardian@yahoo.com

EDSA 1: the view from Marcos

LIFE’S INSPIRATIONS: “… `For I know the plans I have JOE DEL PEURTO FELICILDA for you,’ declares the Lord, MANAGING EDITOR GUILLERMO ADE, JÙ. `plans to prosper you and PÙÊ ç ã®ÊÄ CRIS DIAZ not to harm you, plans to ASSOCIATE EDITOR ALBERT MOLIT give you hope and a future. PAT SAMONTE MARLON DOMINGO R ¦®ÊÄ ½ E ®ãÊÙ-C Ù ¦ Then you will call on me CIRCULATION and come and pray to me, AL JACINTO and I will listen to you. You JUN ESCUADRO R ¦®ÊÄ ½ E ®ãÊÙ-Z Ã Ê Ä¦ RIZA O. ARES will seek me and find me GERRY LEE GORIT LIEZL A. DELOSO when you seek me with all ROLANDO SUDARIA JOE PALABAO P«ÊãÊ JÊçÙÄ ½®ÝãÝ your heart’…” (Jeremiah RENE MICHAEL BAÑOS 29:11-13, the Holy Bible). FELIX SANTILLAN M Ù» ã®Ä¦ CÊÄÝç½ã ÄãÝ -oooL ùÊçã AÙã®Ýã EDSA 1, THE VIEW ATTY. MARIO T. JUNI ããù. ÙÊ ÙãÊ . Äã ¦Ê ¹Ù. FROM MARCOS: By now, URIEL C. QUILINGUING L ¦ ½ CÊçÄÝ ½Ý E ®ãÊÙ® ½ CÊÄÝç½ã Äã we must have already heard President Aquino’s assessREGIONAL PARTNERS: ment of the supposed gains WESTERN MINDANAO from the EDSA I “people Mindanao Examiner/Mindanao Daily power revolution”. For the Unit 15, 3F Fair Land Bldg., Nunez Extension sake of fairness, I am reZamboanga City Phone & Fax (062) 992 5480 printing here a part of an Email: mindanaoexaminer@gmail.com assessment of the same event URL: mindanaoexaminer.com by Sen. Ferdinand Marcos CARAGA Jr., first published in his MARX’S PUBLISHING AND MARKETING SERVICES Facebook account on FebP-7 Resureccion Road., Holy Redeemer, ruary 24, 2012. Read on: Butuan City “… As for what took Cell No. 0948-4183501, 0912-8091093 place in February of 1986, A ò Ùã®Ý®Ä¦

Kakampi mo ang batas Atty. Batas Mauricio twenty-six years ago to this month, again, I am in no position to pass judgment that would be seen as impartial simply because of my obvious personal involvement. Most of what we hear now from all sides are still within the ambit of propaganda. “But I certainly am concerned with the state of our country today, more than a quarter of a century since the experience of EDSA 1, as it has come to be known. I have chosen not to indulge in the `blame game’ and rather, invest my energy in helping move this country forward.

-oooCOMPARISONS, THEN AND NOW: “But if comparisons are to be made, and if there is a need to evaluate the road taken since then and what has resulted from it, it’s not difficult to arrive at answers, provided we ask the right questions. Has poverty been alleviated? Is the wealth of the country more equitably distributed? Do we have more jobs available at home? Has there been a rise in the quality of our education? “Are we self sufficient in our daily food requirements? Is there less hunger?

Crime? Insurgency? Corruption? Basic services? Health? The same questions can be asked of other countries, our neighboring countries specifically, and see whether we can answer the same way they would. “China, Vietnam, Thailand, Malaysia, Singapore and Indonesia can all point to the progress they have made these last twenty six years but unfortunately, for the majority of our people, nothing much has changed and today, and just this morning, a survey placed our unemployment rate at 24% or close to 10 million unemployed adults. -oooCHANGING THE POLITICS OF RP: “The country’s economic performance last year sunk to a dismal 3.7% growth. The problems we face remain daunting and there is still that need for EDSA/p.10

WEDNESDAY, FEBRUARY 29, 2012

7 NOW OPEN EN Market City, Agora

EDITOR: ALLAN MEDIANTE, Email: amediante@yahoo.com

BDO’s 2011 net income up 19% to P10.5b BDO Unibank, Inc. (BDO) posted an audited net income of P10.5 billion in 2011. This is in line with its earnings guidance and represents a 19 percent growth over the P8.8 billion net profit posted in 2010. Despite the slower gross domestic product (GDP) growth of 3.7 percent, BDO expanded its loan portfolio by 24 percent to P670.1 billion in 2011 by focusing on credit worthy borrowers in fast-growing industry sectors. The Bank not only out-

paced the industry’s 19 percent loan growth but also kept asset quality in check. BDO’s gross non-performing loan (NPL) ratio further declined to 3.4 percent by end-2011 from 4.7 percent in 2010, while NPL coverage improved to 106 percent from 92 percent

BDO starts advocacy on kiddie savings program DO not be surprise if you see kids transacting at any BDO branch nowadays. BDO Unibank, Inc. recently launched its promo encouraging children 12 years and below to open in any of its over 740 branches nationwide a savings account with an initial deposit requirement of only P100. This is in line with BDO’s support to the Kiddie Account Program (KAP), a joint effort of the Bangko Sentral ng Pilipinas (BSP) and the Bank Marketing Association of the Phils. (BMAP). KAP, in turn, champions the Banking on Your Future Program (BOYF) launched by the BSP. For this effort BDO will tap its existing product -- Junior Savers Club (JSC) Accounts -- as vehicle for the BOYF but will do some enhancements to encourage more children to enroll. For instance, when their savings reach P500, the account will be converted into a regular JSC account earning interest and with an option to have an ATM card for kids 7 yrs old and above. The parents may also open the account for their kids (7 years and below) via an “In Trust For” account since these younger kids can’t sign yet on their own. With the JSC variant, opening a kiddie savings account and the opportunity of saving is now more accessible to both kids and parents. To make it more exciting, BDO will treat the children with discounts and freebies at SM affiliates such as IMAX, Science Discovery Center, Toy Kingdom, SM Bowling/Storyland/Skating. A free pencil case also awaits kids who will open an account with initial deposit of P100. “The plan is to promote this product to the various schools so at this early children will be taught the value of saving for their future,” BDO said.

as the Bank continues to provision conservatively, with P6.1 billion in provisions set aside for the year. It sustained its robust growth in low-cost deposits leading to a 10 percent increase in total deposits to P858.6 billion. While the Bank’s funding mix improved, net interest income remained flat due to the continued downtrend in asset yields arising from excess system liquidity. The Bank’s recurring fee-based income from its service businesses rose 18 percent to P12.3 billion. Amid a volatile external environment, BDO said it generated a 10 percent increase in trading and foreign exchange gains to P6.5 billion. Along with other miscel-

laneous income, BDO recorded a 17 percent growth in non-interest income to P20.9 billion. Having completed its investments in capacity, BDO is now starting to benefit from scale with operating expenses increasing only moderately by four percent to P36.3 billion. Pre-provision operating profit therefore grew seven percent to P18.4 billion.

BDO’s Capital Adequacy Ratio (CAR) improved from 13.8 percent in 2010 to 15.8 percent. The full year 2011 results has led to enhanced shareholder returns, with Return on Common Equity at 11.7 percent. Looking forward, the Bank will continue to take advantage of promising growth opportunities across industry and geographic

segments while positioning defensively against potential external or industry threats. BDO is a full-service universal bank that provides a complete array of industry-leading products and services to the retail and corporate markets including Lending (corporate, middle market, SME, and consumer), Deposit-taking, Foreign Exchange, Brokering, Trust and Investments, Credit Cards, Corporate Cash Management, and Remittances. Through its subsidiaries, the Bank offers Leasing and Financing, Investment Banking, Private Banking, Bancassurance, Insurance Brokerage, and Stock Brokerage services. It has one of the largest distribution networks, with more than 740 operating branches and over 1,600 ATMs, nationwide. As of December 31, 2011, BDO is the country’s largest bank in terms of total resources, customer loans, total deposits and assets under management. A report from PNA

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p Mindanao & OutstandingEntrepreneurs Business Leaders & Outstanding Business Awards 2012 Leaders Awards 2012

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Business Address: ________________________________________________________

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Agri-business Banking & Finance Alternative Energy Dev’t - Health/ Food Production & Marketing Housing & Realty Dev’t Cooperatives & Coop Insurance Hotel/Resorts & Tourism Dev’t. Full Name of Endorser_____________________________________________________ Address/ Tel. No./ Email___________________________________________________

SN ABOITIZ POWER GROUP triumphs in the 47th ANVIL AWARDS

SN Aboitiz Power (SNAP) Group has bagged 4 Anvil Awards during the recently concluded 47th Anvil Awards at Edsa Shangri-la, Mandaluyong City. SNAP Group, and its principal SN Power of Norway, won an Excellence award for i-Travel SAFE, their transportation safety campaign for their employees. SNAP-Benguet also won an Excellence award for its Ambuklao Hydroelectric Power Plant inaugural coffee table book “Renewable Energy for a Renewed Nation” under the PR Tool Special Publication category. SNAP-Magat won a Merit Award for its efficient water use campaign DALOY Magat while SNAP-Benguet also earned a Merit award for its Ambuklao inauguration campaign The Power to Renew. The winning team was led by SNAP chief corporate services officer Michael Hosillos (extreme left) and SN Power country representative and business development manager for Southeast Asia Rodolfo Azanza (8th from left). SNAP-Benguet and SNAP-Magat are joint ventures of SN Power of Norway and AboitizPower.

Attach the following: (1) Official Letter of Endorsement; (2) Photos (1 passport size/ pics of establishment bldg/area) (3) Short History (500 words) (4) Documentary Evidence ( Photo copies of citations/ certificates, awards) (5) Biodata or resume

Mail to:

The AWARDS SECRETARIAT

BusinessWeek Mindanao Advertising and Promotions Geleng Bldg, Lapasan Hi-way, Cagayan de Oro City. E-mail to : businessweekmindanao@gmail.com or: amediante@yahoo.com For more info, call: Tel Nos.: (088)856-3344, (08822)72-33-44 , 74-53-80; (088)587-1390 or 0923-432-0687; 09274795196 Visit our website at : www.businessweekmindanao.com

WEDNESDAY, FEBRUARY 29, 2012 BUTUAN CITY, BAYUGAN CITY, SAN FRANCISCO, TAGUM CITY SUZUKI * HONDA YAMAHA* KAWASAKI MEMBER: G.A. ROMARATE GROUP OF COMPANIES

Editor: Joe del Puerto Felicilda , Email: jdelpf@yahoo.com

PIA News Bits Director Abner M. Caga PIA, R10 & 13 Cluster

City govt rehabilitates seed storages

BUTUAN City – The Sangguniang Panglunsod recently approved a resolution authorizing Mayor Ferdinand M. Amante Jr., enter into a Memorandum of Agreement with DA-RFU-13 and separately, w/ the Taligaman-Antongalon Irrigators Association and the Tagabaca-Aupagan Irrigators Association for the repair and rehabilitation of the Seed Storages/Warehouses of both associations.

Regional tourism assembly held in Butuan

REGION 13 - The Caraga Regional Tourism Council Foundation, Inc. (CRTCFI), in cooperation with the Department of Tourism (DOT-13), had its two-day general assembly recently in Butuan City. Mayor Jun Amante delivered the welcome address and the topic on Potential Investments for PPP in Tourism.

Province targets 843 hectares for tree planting

MISAMIS Occidental – A total of 843 hectares of vacant spaces in the second congressional district of the province is being targeted for tree planting, under the National Greening Program.

Governor visits flashflood survivors SURIGAO Norte - Gov. Sol Matugas, together with her team, visited recently the flashflood survivors at Purok Rosal and Bliss in Brgy. Quezon, Mainit town. Per PDRRMC report, around 48 families were evacuated to the barangay gym last week because of by continuous rains. Sixty- seven families other families to the Pastoral House and 70 to Quezon Elementary School.

AIJC Launches Communication Master’s at Grassroots Program AN innovative Master’s at the Grassroots Program in journalism and communication management will be launched this summer by the Asian Institute of Journalism and Communication (AIJC). This, in partnership with communication schools in various regions of the country, AIJC President Ramon Tuazon announced today.

AIJC signed in Manila recently a Memorandum of Agreement with Pilgrim Christian College (serving Northern Mindanao) and FAITH College (serving CALABARZON) to bring training that can be credited towards the master’s degree at AIJC to the backyard of the prospective students – in Cagayan de Oro City and in Tanauan, Batangas, to start with. The material equivalent courses will be offered in-

tensively in one-week segments from May to June in Cagayan de Oro City and Tanauan, Batangas. Each offering will last 42 hours over six days to fulfil the requirements of a three-unit course. The students will be charged the usual reasonably priced AIJC tuition

fees. The titles and topics of the courses will be announced later. The courses will be handled by the AIJC faculty, including international lecturers Dr. Crispin Masloy and Dr.Florangel R. Braid. For inquiies, call (63-2) 724-4564 or email at gs@ aijc.com.ph. (PR)

168 students in Camiguin receive DOLE-SPES assistance By MILDRED E. DABLIO, PIA-10 and 13 Cluster

MAMBAJAO, Camiguin––A total of 168 students of the Camiguin Polytechnic State College are going to benefit from the Special Program for Employment of Students (SPES) of the Department of Labor and Employment (DOLE). The 40% checks for this particular short-term program were handed over by DOLE-10 Director Johnson G. Cañete to Camiguin Governor Jurdin Jesus “Jj” M. Romualdo and Provincial PESO Manager Paz Oclarit at the Provincial Convention Center in Mambajao, February 22.

Director Cañete said the cooperation of the local government of Camiguin is indispensible for the success of the SPES program. For his part, Governor Jurdin Jesus “Jj” M. Romualdo, emphasized the importance of education and the assistance given to the students. SPES aims to help poor, but deserving students and out-of-school youths, 15-25 years old, complete tertiary education or vocational and technological education. SPES is embodied under Republic Act 7323. (DOLE10/jdelpf )

MDaily Joke Compiled by KHRISTHA RIVA ARFENE

THE intention of Cagayan de Oro City Mayor Vicente Emano to relocate the controversial Night Cafe to Isla de Oro is creating tremendous apprehensions on so many Kagay-anons. Here, the city mayor is inspecting the ‘isla’, which was recently devastated by tropical storm Sendong. (CIO)

You can change doctors Dredging the Cagayan de Oro and Iponan Rivers will protect the city. The project also includes putting up a dam along the river and dikes along the riverbanks. We would put up mitigating efforts to prevent another flood from happening again. (Sen. Koko Pimentel, Pulso SaKagay-an)

A doctor-patient relationship is just like any other relationship; sometimes thing just don’t work out. Whether it be lack of communication, poor bedside manner, or being mis-

NORMIN VILLAGES UP FOR ENERGIZATION. More villages in Northern Mindanao will soon have access to electricity. This, as the Department of Energy (DOE) approved the energization of 68 more villages in the region, with some PhP24.6 million electrification fund from STEAG State Power Inc. (SPI/jdelpf) BY ROWJOE S. FELICILDA M ÃÊÙ® ½ C Ä Ù IÄ¥ÊÙÃ ã®ÊÄ PÙÊ¹ ã

diagnosed or undiagnosed, know that you can change doctors. You should not feel forced to be a patient, who does not meet your needs. (extracted from Lisa Fayed’s articled in About.com Guide)

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DAHLIA S. BENEMERITO 0926ͳ858ͳ2013 EDGARDO MALIZAͳ 0926ͳ4759372 SAMMY TE ͳ 0926ͳ561ͳ9848 MILDRED TORREJAS ͳ 0917ͳ408ͳ6905 ROSEMARY ALLOͳ GENONͳ0935ͳ315ͳ2014

CARAGA REGION PAT SAMONTE- 0912-8091093 OBET SAMONTE-0948-4183501 ARJAY FELICILDA - 0949-328-4099 MANUEL EGAY ͳ 0926ͳ213ͳ1640 TANDAG ͳGEN CANTORͳ 0929ͳ5817116

WESTMIN REGIONS

ILIGAN CITY ͳ JEFFREY OPONDA 0935ͳ9490654 OROQUIETA CITY- PJ TREMEDAL 09193452375 OZAMIZͳ ATTY. ROBERTO CANTAGO ͳ0918ͳ807ͳ0707 ARMM ͳ SONY SUDARIA 0947ͳ4810371 PAGADIAN CITY/ZAMBO. DEL SUR ͳ MANNY S. MAULANA ͳ 0917ͳ704ͳ8333 Mindanao Examiner-(062) 992 5480

Cor. Yacapin-Aguinaldo St., Cagayan de Oro City For Reservation: (08822) 724582 (88) 8572158

Chali Beach Resort Cugman,CDO Tel. No. 723929 / 855-2108

Nature Pensionne

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

WEDNESDAY, FEBRUARY 29, 2012

Transparency... from page 2

development, coverage of social needs and the promotion of economic and business network. The PyD second project is being partnered by the NGO PILIPINA (Ang Kilusan ng Kababaihang Pilpino), Miriam CollegeWomen and Gender Institute (WAGÎ), academe and government institutions in Agusan del Norte and Lanao del Sur with the women participation in political governance activities for the last two quarters of 2011. Said PyD projects formed part of the Spanish international NGO’s commitment to contribute in the realization of women’s political and civil rights by supporting initiatives that promote good governance and democracy based on gender-equitable political participation Created in 1991, PyD as an NGO was sustainably working towards improvement of the living conditions of people in the communities in most vulnerable countries through international cooperation. CD with wire report

Market... from page 2

i nte r n at i on a l t r a d e events this year with expected Mindanao participation include the International Boston Seafood Show (March 11 to 13, Massachusetts, USA), and the 2012 European Seafood Exposition (April 24 to 26, Brussels, Belgium). Ten seafood companies with Mindanao-based operations that joined the 2011 European show generated a total of $2.1 million in booked sales during the three-day exposition, negotiated an additional $17 million in sales, and established direct links with more than 50 European companies. Among the Mindanao delegation’s best-sellers were fresh-chilled and “ultra-frozen” value-added tuna and octopus, as well as canned tuna and sardines.

Force... from page 3

City Engineer Luis Despalo blamed undisciplined residents who throw their garbage in streets that eventually ended in clogged drainage lines. Despalo said that although cleaning crews regularly clear drainage lines of garbage and obstruction, there is not enough time to clear all lines. Housing units in the city’s downtown district blocked what used to be canals or outlets to the sea prompting rainwater to flow to the streets and side streets. Wire report

Invisible From page 6 has lost from four to five percent of its refining capacity. However, this hardly

affected the supply of oil because, according to a report “Spiking Gas Prices: GOP Sides with Big Oil Again” published by www. opposingviews.com, the number of oil drilling rigs in the US quadrupled during the last three years. The number of its working oil and gas drilling rigs topped that of the world combined. So demand for oil is low and the supply has considerably increased. The blame could not rest on increasing production costs either. In fact, according to the same report, ExxonMobil, ConocoPhillips, BP, Chevron and Shell racked up a combined profit of $137 billion in 2011 even if they produced four percent less oil. Thus, if the demand for oil in the US is low but supply is increasing, who or what is to blame for the spike in oil prices? I could think of two reasons. First, oil, aside from gold, is the current commodity of choice for speculators. In a May 2008 article published on the website “Geopolitics – Geoeconomics,” by F William Engdahl, he said, “As much as 60% of today’s crude oil price is pure speculation driven by large trader banks and hedge funds.” He cited a June 2006 report of the US Senate Permanent Subcommittee on Investigations entitled “The Role of Market Speculation in rising oil and gas prices,” which revealed that “… there is substantial evidence supporting the conclusion that the large amount of speculation in the current market has significantly increased prices.” The same US Senate report also discovered that a lot of companies trading in the oil futures market are not actually producers or users of oil. Who are these speculators? The same article identified Goldman Sachs and Morgan Stanley, as the two leading energy trading firms, as well as Citigroup and JP Morgan Chase. Speculators have been taking advantage of tensions in Syria and Iran by frantically trading in the oil futures market – the New York Mercantile Exchange for light, sweet crude and the ICE futures for Brent crude, as well as the Dubai Mercantile Exchange – thereby pushing spot prices up. This has also been the case in 2008 when speculators took advantage of the unrest in the Middle East, Sudan, Venezuela and Pakistan even if no supply shocks actually happened. Second, what we are experiencing is the invisible hand of the oil monopolies – the biggest of which are Exxon Mobil, Royal Dutch Shell, and BP, with Chevron Texaco on fourth – that control the supply and dictate the prices of oil, and are the biggest winners in the spikes in oil prices. What is true in oil like-

wise applies in other commodities. Speculation and the invisible hand of monopolies play a major role in determining prices. Adam Smith must be turning in his grave. But mainstream economists and governments still refuse to look beyond their archaic, albeit rehashed, theories, which they label as new. (http:// bulatlat.com)

Edsa From page 6 Filipinos to unite and face these challenges as one nation, with a singular aim and direction, with a leadership that is willing to make sacrifices and capable of harnessing the talents of our people. “We have seen what our neighbors have been able to achieve in the last 26 years. There is no reason why we cannot at least match their achievements if not do better. We need to change the politics of this country. Our leaders cannot be forever squabbling, engaging in vindictiveness, wasting energy and government resources in putting each other down at the expense of those that need help the most. “Blaming past administrations will not bring food to the plates of the hungry. Excuses cannot substitute for performance and results. Promises without delivery only feed the anger of the people. Before it’s too late, let us all roll up our sleeves and get to work for the bet-

For the Gulf Arab counterment of our country. For all and not just for some…” tries, the effects of rising oil prices are far more complex than at a first glance. On the hand, they improve From page 1 their national income, but The group also urged to from a certain level, negathe government to remove tive spill-over effects might the 12% Value-Added Tax occur, Gokkent said. on oil if only to cushion oil “There isn’t a specific prices hikes impact. price level that one can Meanwhile, as oil price point to as a danger sign, has hit a 10-month high, but it has to be kept in mind economists see no let-up that higher oil prices mean in the rise mainly due to transfers from consuming geopolitical factors. countries to exporters. The Crude prices (Brent) higher the price, the greater closed above the level of US$ the transfer and the greater 125 per barrel in London the impact on importing trading on Sunday. Dr. Giyas countries,” Gokkent told Gokkent, Chief Economist Xinhua. and Head of Research at However, “Oil importers National Bank of Abu Dhabi may save excess receipts (NBAD), said that the price and thus cause a global rally in the black gold is slowdown,” Gokkent said. likely to continue. “But there has been a sharp “Supply disruptions and rise in expenditures of oil heightened geopolitical risks exporters in recent years as are supportive of higher well,” he added. energy prices,” he said. According to the InterThe row between the national Institute of Finance, West and Iran on Tehran’s a 10 dollars per barrel innuclear energy program crease in oil prices translates is in the center of current into a whopping 180 billion oil prices developments. dollars income rise for oil Iran ‘s Fars news agency exporters. From CBCPNews reported Sunday that Teh- with PNA report ran has refused to deliver a 500,000 barrel oil shipment to Greece as a sign of pro- From page 1 test against the European He said maybe the group Union’s decision to stop oil imports from Iran from June does not have the support 1 on, but semi-official Mehr of the voters or maybe they news agency later denied have internal problems. Whatever the reason, such reports quoting Pirouz he said if it were him who Mousavi, managing director would spearhead such a of the National Iranian Oil campaign that it would Terminals Co.

Fuel

Ready

CIRCLE A WORD MINDANAO LANGUAGES

BAGOBO BALANGI BATALI BIIT ILANUN ISAMAL KALAGAN

KOLIBUGAN SARANGANI SIBUKU MANDAYA MANOBO MANSAKA

MARANAO SAMA SANDUKA SUBANON TAGABAWA TAU MAKEL UBO

take only a short time to gather the 10 percent requirement of the number of voters to sign. “Maybe some politicians are behind them,” he said, “that’s why they are not getting the support.” In another development, Benaldo said he will be providing each barangay in the first district of the city with at least three projects this year. “Even barangay Carmen, which did not ask for projects, we will give projects,” he said despite the absence of support from the barangay to the administration of Mayor Emano in the city. T h e proj e c t s to b e implemented this year in Carmen are the following: Macanhan Health Center repair and rehabilitation worth P2.5-million; Carmen Health Center repair and rehabilitation worth P1.5-million; Zone 10 Road Concreting worth P1.2million; Macanhan Main Road Repair worth P1.2million; Zone 7 Concreting worth P1.2-million; Macanhan Pedestrian Pathways worth P1.2-million; River Dike worth P39-million; and Patag Road Drainage repair and rehabilitation in Carmen section worth P500,000. Benaldo also said he will be working towards the establishment of a fulltime department that will address disasters.

SUDOKU

How to play the game? Fill in completely every rows, columns and diagonals of each puzzle without repitition

of the same digit.

Ang miagi

CROSSWORD puzzle ACROSS 1. Opus 4. Hunting expedition 9. Forearm bone 11. Spotless 13. Speak of 15. Early Peruvian 17. Self-esteem 18. Santa_ 19. Sound system 21. Taft ave rail 22. Preposition 23. Old-fashioned 25. Selenium symbol 26. Topographical chart 28. Nautical 30. Excuse 32. Alcoholic beverage 34. Blackthorn

35. More than ten 37. Grassy ground

39. Actress Moore 40. Blackhead 41. Ditch DOWN 1. Double 2. Building extension 3. Bay 5. Primate 6. Kung_ 7. Seed covering 8. Of the kidneys 10. Boring tool 12. Adhesive 14. Musical tones 16. Blaspheme 18. Livestock enclosure 19. Small compartment 20. Greek letter 22. Accumulate 24. Lubricated 27. Actor Pascual

29. At no time 31. Ray 33. Interweave 35. Terminate 36. Flightless bird 38. Pronoun