BusinessDaily (June 17, 2013)

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Market Indicators As of 6:00 pm june 14, 2013 (Friday)

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PHISIX

US$1 = P42.81

6,242.26 points

71 cents

X

128.18 points

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Briefly Shuttle service THE C o m mu ter s D r i ver s Operators Transpor tation Cooperative (CDO-TransCo) will provide ferrying services in the new Laguindingan airport. The group will transport passengers to and from Cagayan de Oro, Iligan and even from the highway.

On June 12, Independence Day, the group received initial 20 shuttle units which will be used for the new airport.

The Cooperative Development Authority (CDA), Development Bank of the Philippines (DBP) and Ang Ating Coop partylist have converged in this project to empower and provide assistance to this cooperative to help them materialize their goal.

CDA Regional Director Orlando R. Ravanera said this is indeed empowerment.

Normally, ordinary drivers are not owners of vehicle units. But now through the cooperative and help of various institutions, drivers get to own these units.

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June 17, 2013

Wage hike in Normin is a 2 cents worth: lawyer

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By WALTER I. BALANE, MindaNews

ALAYBALAY City -- The Regional Tripartite Wages and Productivity Board issued a wage order providing for a P20 adjustment in the minimum wage for workers in Northern Mindanao to be effective on June 20, an increase that a labor lawyer called was only “2 cents” worth.

The seven-member wages and productivity board – with representatives from the government, the business community and the labor sector – ordered that that P10 will be added to the worker’s basic pay and another P10 as cost of living allowance

(COLA).

Wage Order No. 17, signed by a l l members, recognized that the move is only an “adjustment” as they balanced the “needs of workers to cope with the standard of living” and “the capacity of employers …

without affecting business viability.”

The board added that by January 2014, the P10 COLA will be integrated to the basic wage.

But a labor lawyer, Jay Albarece, who was elected as provincial board member of Bukidnon for another term, said the adjustment is just to align the wages with the increase in prices of goods, or what is called inflation.

He said that with inflation, P20 in 2011 is now worth only P19.98. “So the P20 increase hike/PAGE 11

DoLE-10 to check compliance

By CHRISTINE H. CABIASA Reporter

MONITORING employers’ complia nce to labor standards, specifically on minimum wage, will be intensified by the regional office of the Department of Labor and Employment (DoLE-10).

Johnson G. Cañete, DoLE-10 regional director, said in a statement that a holist ic approach is required in monitoring labor standard compliance.

“Monitoring minimum wage compliance is not only the sole problem of the department, but it’s everybody’s concern,” he said.

For example, he said, the local government units (LGUs) play a vital role in monitoring compliance in terms of issuing business permits. “Thus, the DoLE is planning to forge an doLE/PAGE 11

Cacao industry DAVAO City -- The Department of Trade and Industry (DTI) in the Davao Region is intensifying its campaign among cacao industry stakeholders in a bid to achieve a more inclusive growth.

DTI’s national champion for cacao Engr. Edwin O. Banquerigo, who is also the Provincial Director of DTI-Davao del Norte, said the industry offers vast opportunities for a lot of people, from the farmers to the traders.

“When we say inclusive growth, which is being bannered by President Benigno “Noynoy” Aquino III, it means that in achieving growth or development, everyone feels it.

In this case, the businessmen down to the farmers will reap the benefits of industry development,” he said.

Senator-elect Cynthia Villar inducts the new MASS-SPECC Board of Directors and officers, Friday, June 14 at the N Hotel, this city. MASS-SPECC Cooperative Development Center is the biggest regional cooperative federation in the country today that serves more than 300 primary cooperatives mostly in Mindanao. photo by shaun alejandrae yap uy

Villar to pour livelihood projects in M’nao

By CHRISTINE H. CABIASA, Reporter

SENATOR-elect Cynthia Villar has vowed to pour more livelihood projects in Mindanao that would generate employment, and

at the same time help protect the environment.

During her recent talk at MASS-SPECC Cooperative Development Center in

Cagayan de Oro City, the incoming lady-senator, who is also popularly known as “Mrs. Hanepbuhay” Villar/PAGE 11

A partnership in building homes and hope: Arch. Romolo V. Nati (right), Chairman/CEO of ITPI and Mr. Charlie S. Ayco (left), CEO/Managing Director of Habitat for Humanity Phils. shake hands after the MOA signing on May 31, 2013 at the ITPI Head Office in Makati City.

ITALPINAS partners with Habitat for Humanity for Pagatpat housing project CAGAYAN de Oro City’s first mover in green buildings has partnered with a locally based NGO in support of the latter’s

mission to bring people together to build homes, communities and hope. italpinas/PAGE 11

J.P. RIZAL - CRUZ TAAL STS., (NEAR SHANGHAI BAKERY) DIVISORIA, CAGAYAN DE ORO CITY

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Economy

Stock market fluctuations, peso volatility no cause for alarm, says BSP MANILA- Deputy Governor Diwa Gunigundo of Bangko Sentral ng Pilipinas doused cold water Saturday on the plunge of Philippine stocks.

T h is coi ncided w it h the weakening of the peso against the US dollar, which Gunigundo claimed was temporary.

Gu n ig u ndo sa id t he sudden plunge of stocks and weakening of dollar were products of speculation by traders -- the plunge happening as well in some other countries.

“This is temporary and if you look at the current exchange rate, t he peso managed to rebound toget her w it h t he stock market,” Gunigundo told repor ters at t he week ly Saturday Forum @ Annabel’s in Quezon City.

He said “if we gain, there is such a time that we also lose and that’s how stock market and exchange rates work.”

On Thursday, Philippine S t o c k E xc h a n ge i nd e x plunged 6.75 percent, or

442.57 points, to close at 6,114.08, which some analysts described as “one of the worst bloodbaths” in history.

Gunigundo recalled that Philippine stocks hit its peak at 7,403.65 on May 15.

He said that monetary and policy makers were mandated to strengthen the buying power of the Filipino people by making money liquid in making the economy healthy.

The banker said stock players just transferred their investment to the United States after learning it has recovered and the economy was expected to set new record.

Gunig undo echoed what President Aquino had claimed in the past that aside from the steady economic growth, the Philippines has also one of the most active stock markets in Asia based on records posted by PSE. Guinig undo said t he

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weakening of the peso was not extraordinary as other currencies in the Asian region were also falling against the dollar.

“The peso’s volatility, in fact, is lower than those of other regional currencies,” Guinigundo explained.

He said all major stock markets in the region also suffered the same while others were worse, succumbing to heightened fears of a broader global financial crisis.

“Jap a n’s b e nc h m a rk Nikkei 225 index nose-dived more than 544 points, or 4.6 percent, to 11,199.07, with popular stocks like Sony Corp. down 6.8 percent, and Toyota Motor Corp. down 4.6 percent,” he explained.

“In Hong Kong, the Hang Seng index sank 3.6 percent.

Markets in Australia and South Korea were also down sharply.”

A ske d w hy B SP d id not intervene to stop the bleed ing, he sa id stock market f luctuations and peso volatility were no cause for alarm.(PNA)

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Cebu Pacific takes delivery of first long-range aircraft

Coca-Cola opens bottle plant in Myanmar YA NG ON - C oc a- C ola officially began bottling its eponymous soft drink in Myanmar on Tuesday as it marked a return to the former junta-ruled country with a pledge to invest $200 million and create thousands of jobs.

The US giant, one of the world’s most recognizable brands, re-entered Myanmar last year when it resumed deliveries of its famous drink after a six-decade hiatus.

Inaugurating its f irst bottling plant in a Yangon suburb, the company said it will spend $200 million over the next five years directly creating 2,500 jobs and more than 20,000 overall across the supply chain.

“We’re delighted to be part of this historic occasion as we return to local manufacturing of Coca Cola to this beautiful country after more than 60

years,” said Muhtar Kent, Coca-Cola chief executive.

The soft drinks firm said it had a bottling plant in Myanmar 60 years ago but had pulled out, well before the sanctions regime of the 1980s bit.

“Our archive records contain no information about the rationale for departing,” a spokeswoman said in a statement.

Coca-Cola was widely available on the black market throughout the junta era, despite the sanctions which have now mostly been lifted in response to democratic reforms.

The Yangon bottle factory, opened in April with a local partner, takes the company’s global battle for customer loya lt y w it h Pepsi i nto Myanmar’s newly-opened opens/PAGE 10

TOU LOUSE , Fr a nc e -Budget carrier Cebu Pacific on Thursday received the first of four long-range aircraft from Airbus S.A.S, paving the way for the airline’s maiden long-haul operations.

The four brand new A330300 aircraft are all leased from US firm CIT Group, Inc. The contract, which was signed last year, involves a 12-year lease, Alex B. Reyes, Cebu Pacif ic Long-Haul Division general manager, told Manila-based reporters flown here to cover the event.

He declined to disclose the value of the contract.

Formal turnover ceremony of the first aircraft, which took place at the Airbus headqua r ters here, was witnessed by key executives from Cebu Pacific, CIT, and Airbus.

“It (the first A330-300) will enter operations starting July 1. We are using it initially for Incheon (South Korea)

and Singapore,” Mr. Reyes said.

Cebu Pacific, led by the Gokongwei family, has so

far been focused mainly on domestic and regional routes.

But delivery of the A330aircraft/PAGE 10

PLDT Group seals takeover of BusinessWorld THE Philippines’ biggest telecom company today said it has taken over the country’s oldest business newspaper.

On the sidelines of the Philippine Long Distance Telephone Co’s (PLDT) s t o c k ho l d e r s ’ m e e t i n g t o d a y, i t s c h a i r m a n

Manuel V. Pangilinan said BusinessWorld’s shareholders approved an increase in the company’s capital.

“The details are being worked out as to amount of new money that will be injected to BusinessWorld.

We will be probably 50

p e r c e nt , a f t e r t h a t i s accomplished,” he said.

The PLDT Group already owns a 30 percent stake in the newspaper.

With the board’s approval of Business World’s capital hike, Pangilinan said the PLDT Group’s takeover of

the newspaper is already a done deal.

Earlier, the PLDT board approved a P750 million investment in its media assets to allow the group to become a multimedia service company. pldt/PAGE 10

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Farmers’ lack of land boosts unemployment

By Jonathan L. Mayuga

MANILA—The Unyon ng mga Manggagawa sa Agrikultura (UMA) has slammed the Aquino administration’s policy of promoting businessassisted programs over rural development, saying such policy further decreased farmers’ earning capacity.

As a resu lt, UMA Chairman Lito Bais said t he cou nt r yside, which remains undeveloped or u nderdeveloped, at t he very least, produce armies of unemployed Filipinos.

Bais issued the statement in response to Mr. Aquino’s statement shrugging off the 7.5-percent unemployment r ate recorded i n Apr i l t his yea r. He sa id t hey a re not e x p e c t i ng M r.

Aqu i no to add ress t he high unemployment in the countryside.

“Being a well-bred true blue haciendero, agricultural workers, together with the rest of the rural folks should not depend on the grace of the President. He had shown his true color in the Hacienda Luisita issue,” Bais said.

Despite its conservative output on the actual number u ne mploye d Fi l ipi no s , t he Nat iona l Stat ist ica l Coordinating Board (NSCB), he said was correct in blaming the massive unemployment in the countryside as the main reason of the employment

problem.

“Landlessness is the major factor why many people in the rural areas have no jobs or [are] underemployed,” he added.

“In an economy which is basically agricultural, lack of land to be distributed among the rural populace is equal to growing unemployment. Yet, even as a small percentage of them find ways to hold jobs, they still face the problem of job security, decent wage and benefits,” Bais said.

Based on the NSCB data, rural workers are among the lowest paid wage earners and are among the poorest.

“The entire agriculture sector posted the lowest labor productivity rate of only Farmers/PAGE 10

LANDLESS FARMERS. Farmers’ wives and children join a protest demanding government to distribute lands to the farmers under the Comprehensive Agrarian Reform Program Extension with Reforms (CARPER). photo courtesy of gulfnews . com

Farmers urge Palace to distribute land faster M A N IL A—Fa rmers has called on Malacañang to distribute land to t hem before the Comprehensive Agrarian Reform-extension with reforms (Carper) law expires on June 14, 2014.

Ta sk Force Mapa lad (TFM) sa id based on official data, the President is

ONB rethinks crop-financing strategy

By Manuel T. Cayon

DAVAO CITY—Mindanao’s biggest rural bank, One Network Bank (ONB), said it has held back on providing new loans to farmers planting rice, banana and cassava pending an evaluation of whether the region has become vulnerable to strong typhoons.

ONB said it has also put on hold plans to offer loans to farmers planting rubber, coconut and oil palm. The bank will wait for December to see if the region would again be hit by a strong typhoon.

In December 2011 Typhoon Sendong unleashed its fury in Mindanao killing hundreds and destroying crops. In December last year, the region was again hit by another strong typhoon, Pablo.

Alex B. Buenaventura, president of ONB, said the bank has become mindful of the ill effects of climate change on the region and that this has prompted a review on its loan exposures to crop production.

“If the pattern would establish that Mindanao is officially on the regular storm path, we would review our loan programs on crop financing,” said Buenaventura.

The ONB has loan exposure to rice, banana and cassava. The bank also

Buenaventura

considered offering loans to farmers planting rubber and coconut “because these are high-value crops and have high returns for farmers.”

But Buenaventura said all these would be reviewed, “because we don’t want to finance [the planting of] crops that would only be blown away.”

The warning on the devastating effects of climate change has been much pronounced in Mindanao, a region that has long been shielded from typhoons,

making it favorable for farming and other agriculture-related activities.

With more than three-fourths of Mindanao still highly rural, Buenaventura said in previous interviews that the bank took pride “in developing economic activities where there was none despite the potential of it where agriculture production is being done.”

He said the bank’s motto, “Pera ng Mindanaw Para sa Mindanaw,” proved to be true “even for localities as we provide liquidity in the localities by putting up automated teller machines [ATMs] and providing online banking facilities and services in the countryside where most of our branches are located.”

Only a handful of its 96 branches were not connected to online banking “because of the obvious absence of Internet and cellular-phone facilities” but he said “we have branches where the money of local farmers, entrepreneurs and households are kept and circulated.”

ONB has 96 branches and more than 100 ATMs in the countryside, making it the rural bank with the widest banking network in Mindanao. It has also put up branches in Panay Island and has plans to expand by setting up 15 extension offices in the province. (BM)

mandated by law to complete the distribution of 1,209,236 hectares by the time he leaves office in 2016.

However, TFM said the Department of Agrarian R e f o r m ( DA R ) u n d e r Secretary Virgilio de los Reyes was only able to distribute a total of 251,876 hectares

from July 2010 to December 2012, which translates into an accomplishment rating of only 21 percent.

TFM said the President had pledged to speed up the pace of the land acquisition a nd distribution (LAD) component of CARP during urge/PAGE 10

FAO forecasts record harvests, more balanced commodity prices

WITH an expected record harvest and calmer markets, global cereal prices could ease, the United Nations has reported, predicting more balanced food commodity prices for the 2013-2014 marketing year.

The biannual Food Outlook published by the UN Food and Agriculture Organization (FAO) states that countries are estimated to spend $1.09 trillion to import food this year, hovering near last year’s level but 13 per cent below the record in 2011.

The greatest changes to the import bill costs of importing animal-protein products, which includes meat, dairy and fish, may increase as much as eight per cent to around $543 billion, dependent on larger volumes of imports as well as prices, particularly for dairy products and fish.

These increases to the bill could likely be offset by anticipated lower international prices for sugar and vegetable oils, as well as on beverages such as coffee, tea and cocoa.

The UN food agency said its Global Food Consumption Price Index has registered little movement since the end of last year, in contrast to the volatility of earlier months.

Meanwhile, record harvest prices are due to force global grain prices lower, the agency predicted, balancing out trade.

Cereal harvests forecast is expected to surge to a record 2,460 million tonnes in 2013, pointing to “a more comfortable” cereal supply-and-demand balance in the new season, according to the report.

This year’s forecasted cereal production could be fao/PAGE 10

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DOH revives 4 o’clock habit; warns against dengue-related illness

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By CARLITO C. DAR, Contributor

BAGUIO CITY- With the official start of the rainy season and with the observance of Dengue Awareness Month this June, the Department of Health (DOH) is reviving its “Four O’clock Habit” campaign, which calls for a community clean-up drive for possible mosquito breeding sites and a massive awareness campaign on how to combat dengue.

The campaign theme “ Su g pu i n a ng Deng ue!

Mag 4 o’clock Habit: Stop, Look, and Listen, Aksyon Barangay Kontra Dengue (ABKD) Pagtibayin” calls on everyone to stop at 4 p.m., look inside and outside their houses to search and destroy possible mosquito breeding sites, and listen to barangay officials for the proper ways of eliminating dengue.

The program was first implemented in the 1990s.

DOH Center for Health and Development-Cordillera (C H D - C A R) D e n g u e Prevention and Control Progra m coordinator Dr. Alexei Marrero, in a kapihan media forum here Wednesday, affirmed the continuing increasing trend of dengue cases.

In the Cordillera, records show that from January to May 8 alone, there are already 814 cases including three deaths ase compared to the

796 cases recorded during the same period last year.

The DOH o noted an increase in cases in Abra, Kalinga, Mountain Province and Bag uio Cit y, which a lso includes clustering (o c c u r r e n c e o f t h r e e confirmed dengue case in an area within a four week period) of cases in some towns or barangays.

Meantime, Marrero also warned the public against Chikungunya, a viral disease DOH/PAGE 11

GET ADEQUATE NUTRITION. It is the right of every child to adequate nutrition for their growth and development. photo courtesy of gulfnews . com

19,817 families in Mt. Province enrolled in PhilHealth

By JULIET B. SALEY, Contributor

BONTOC , Mountain Province- A total of 19,817 indigent families in the province are enrolled for year 2013 in the National Health Insurance Program (NHIP) under the Sponsored Program.

This program ensures the availability and accessibility of qua lit y medica l care services to less-privileged sector of society through t he ef for ts of t he loca l government units, national government and private institutions or individuals who provide the subsidies for the annual premium of these families.

PhilHealth Provincial Office’s record shows that as of March 2013, there are 7,450 of the total families who are enrolled by the Department of Health (DOH), 4,260 are sponsored by the Provincial Government and 840 by the

Office of the Congressman.

There are also 340 Civilian Armed Forces Geographical Unit (CAFGU) members in the province who are enrolled by the Armed Forces of the Philippines.

The ten municipalities have also sponsored some of indigent families.

T he mu n icipa l it y of Tadian sponsored 1,037 fa m i l ies; Bau ko – 859; Besao – 607; Sabangan – 406; Sagada – 300; Paracelis – 260; Barlig – 200; Sadanga – 155; Bontoc – 150; and Natonin – 95.

There are a lso 2,566 families who are jointly sponsored by the Office of the Congressman and the local government units of Bauko (594), Bontoc (396), Paracelis (812), Sadanga (246) and Sagada (518) aside from their sole sponsorship. philhealth/PAGE 11

BRANCHES:

NNC cautions parents on food intake of their children

By AURORA J. CASIMPAN, Contributor

TACLOBAN CITY, LeyteThe Nat iona l Nut rit ion Council (NNC) in Eastern Visayas has called on parents and teachers to ensure that t he food eaten by t heir children who are in school are healthy.

Segundina Devota Dilao, N NC regiona l nutrition program coordinator, said parents need to monitor what their children eat in school as eating unhealthy food can lead to denta l caries, obesity and nutrient deficiency.

She suggests that for lu nch, pa rent s prepa re

easy-to-pack-and-handle dishes like fried f ish or meat, steamed vegetables and fruits.

She also warned against drinking soft drinks because of its high sugar content as well as cautions parents to lessen their children’s inta ke of candies, jams, pastries, doughnuts and cakes because of its high sugar content.

Other unhealthy foods that children need to avoid are fried food, marbled meat, cakes and pastries, chocolate bars, creamty dishes, instant noodles and junk foods.

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A Smart Bet

T

THINK

hink a minute… In the town of Blackpool, England A Minute is a high tower almost 400 feet By Jhan Tiafau Hurst tall with a clear glass floor on the top.

So when you’re up there it looks like you’re walking on air hundreds of feet high above the ground.

An English newspaper had a funny photo of a woman at the edge of this invisible glass floor.

Her hands were covering her face as she tried to get the courage to walk on it.

Even though she knew the floor was safe, she was still afraid!

You might have flown on an airplane before, and even though you knew the plane was safe, and the pilot was well trained, you still were nervous and scared.

Because you know there is always a chance something might go wrong!

But then, there’s nothing in this world that is perfectly safe, guaranteed with no risks whatsoever.

This is true even in the simple everyday things.

Any day, we can have a car or bus accident on our way to work or school; or we can find out we have cancer or some other disease; or your good, sweet little girl can get involved with the wrong guy.

But even though nothing is completely safe or risk-free, we can’t keep ourselves and our family locked away from the world so that we don’t go anywhere or do anything!

But you know, there’s one road you can take that’s 100% guaranteed safe and fun: to follow and live Jesus’ way every day of your life.

You see, Jesus Christ wasn’t just a good man or teacher; and He wasn’t just a prophet.

Jesus Himself said very clearly that He is God - God the Son. hurst/PAGE 10

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S

The fantasy of being a rich nation

OMEONE said, “The Philippines is a poor country pretending to be rich.” Politicians who are critical of the status quo usually speak the satirical irony. Whether the phrase is contextual, it denotes meanings of varied interpretations.

The phrase could mean that the public officials (especially elected) make descriptions or government policies in contrast to what really is happening. The premise that the country is rich would obviously lead decision makers to draft legislations that would satiate the perception of opulence and abundance.

In other words, the policy makers would deliberately negate the objective economic and social condition.

Consequently, the motive is to pursue legislations that would satisfy the political agenda of the administration.

Perhaps, this is the reason that immediate economic and social concern are set aside in order to give way to the interest of the few.

Thus, while admitting that the country is agricultural, our legislators and policy makers are pushing legislation in the pursuit of industrialization. Thus, efforts to move the country’s economic and social standard remain a failure.

Our leaders should admit that the country should undergo the process of economic and social development as a prelude to advancement. In this case, it is imperative that the development of the agricultural sector should be at the top of the country’s agenda.

There is a need to advance the status of the country’s agricultural sector in order to come nearer to the doorstep of industrialization. Only by developing the agricultural economy to an advance stage that an industrialized economy

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would succeed. ris iaz Our political leaders and legislators have the capability to make these things happen.

Our policy and decision makers acknowledged the necessity of cultivating the agricultural sector in a flourishing economy.

Nevertheless, for the obvious reason of neglect and apathy, we forego the development of the agriculture industry because of our obsession as a recognized as an industrial economy. This is one of the pitfalls of our policy makers.

We refused to develop the agricultural economy because it would be a threat to the interest of the few who control the country’s vast tracks of lands.

What is happening in the Philippines is that we give preference to an entrepreneurial economy forgetting that the agricultural economy is not ready to take off. What is happening in the country is the craving for recognition as an industrialized country. We want to leapfrog to a higher economic stage such as industrialization sans developing the agricultural economy to its fullest. Thus, perhaps the reason that gave birth to the phrase that we are “a poor country pretending to be rich.”

Until the government refocuses its direction to upgrade the lowly farmers as a way of perking up the agricultural sector, the country’s vision to attain economic emancipation Diaz/PAGE 10

It’s a man’s world

A

s of this writing, Father’s day is only two days away.

Health IN Focus would like to dedicate this article to the MEN who has made a difference in our lives and that of our children.

Where before, our concept of a father is purely biological, nowadays, the meaning of a father has broadened its scope to include, but not limited to father figures.

These father figures may not necessarily mean living under one roof nor related whatsoever to the members of the home, but, they serve as role models, spend some time with the kids, play and maybe just listen and take them out once in a while, and give them that sense of pride, respect and yes, love.

Way back in Medical School, when Preventive Medicine was kind of new and integrated into the curriculum, I remember how, each time we discuss cases ( meaning patients ), we were taught how to compute for risk factors, morbidity, mortality rates and the like.

And, one of the things that is kind of noticeable is that, for certain types of illnesses, men seem to have higher mortality rates.

And, digging deeper into the factors, what stands out is this: men, often take their health for granted, and are not as conscious nor as meticulous in seeking help.

Simply put, they often visit their Doctors when it is kind of late already.

Maybe, this is attributed to their feelings of invincibility, or , of , being too busy making both ends meet for their families, or just that, they do not really believe in early diagnosis or prevention.

There are certain diseases that are commonly encountered

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HEALTH

by ou r M EN: prostate enlargement (hyperplasia ), I n Focus Big C of the prostate, Liver

By Dr. Mary Jean Loreche Cirrhosis , Hypertension and Cardiovascular Diseases.

Health IN Focus would like to revisit an organ whose functions is vital to one’s quality of life.

The liver is one huge organ of the body, tasked with so much work in order to make our daily functions worth their while.

It performs functions that are necessary for survival.

It manufactures vital nutrients, detoxifies harmful substances and purifies the blood.

But, what is beautiful with this organ, is, its capacity to regenerate. Cirrhosis is caused by scar tissue as a response to damage that occurs repeatedly, over several years.

Each time the liver is injured, it repairs itself, and during which, scarring occurs, and eventually, its functions are compromised.

The most common cause is that of chronic alcohol abuse.

Of course, we know that, viral and parasitic infections, and congenital disorders affecting the liver may also cause cirrhosis.

Problem with a full blown or progressive cirrhosis, is loreche/PAGE 10

The use for data

any cities around the world are making data of their cities available to its city dwellers or citizens.

In Chicago and New York the local governments don’t know what to do with the gargantuan data gathered them other than to turn them over to its people for nerds to make sense out of them – and it’s working! After all it is the people who own the city and not necessarily government.

Multiple data is sourced by government and most times they are rendered useless.

For example information on road repairs (progress reports/ dates and locations), appropriated budgets, time tables and even complaints.

Statistics are automatically gathered and compiled and computerized.

Then there are the infrastructures all over the city if not under-repair which the city is building or those in progress that may cause inconveniences.

There is of course the weather bureau, traffic management (if not control if any at all), the police and its statistics, health and outbreaks, hospitals and its data on patients for breaking news deceases.

Services all over the city such like social security, advances, loans or licenses and whatever are gathered, recorded and regulated.

There is so much data the government gathers on behalf

SUPER

of its citizens and the people’s monies but is kept in secrecy.

B randing Why the secret? Why in By Harry Tambuatco the Philippines?

There are issues of confidentiality when it comes to threats to the city of course and data should be withheld but not all data is sensitive to national security surely.

There is also the banking information which to date I understand we still enjoy with a sense of secrecy (but maybe not since Justice Corona himself was not sparred), etc.

Then there is the issue of whether all this information is linked to a common date source which I understand is not.

Even government to date is not linked to each other and it is already 2013 with multiple advanced computers and software.

For some reason the platforms are not configurable (which is idiotic to begin with) or simply inaccessible. tambuatco/PAGE 10

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BMW Introduces FlexiLease:

Enjoy BMW 100% at Half the Cost

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Fast and fabulous cars at the Trans Sport Show 2013 presented by Phoenix More than a hundred automotives from modern contemporary such as the 2002 VW Beetle to classics like the 1947 Chrysler Limousine were on display at the successful Trans Sport Show 2013.

The highly-awaited event was co-presented by leading independent oil company Phoenix Petroleum Philippines from May 30 to June 2, 2013 at the SMX Convention Center , Pasay City .

The 2013 Trans Sports Show with this year’s slogan “Fuels a Driving Generation” was well-attended by car lovers and organizations

in the automotive industry.

Awards and prizes were given to different categories.

Major awards given were for Best of Show for Contemporary and Nostalgic, Best in Paint for Contemporary and Nostalgic, Best 89, Best Bodykit (Imported), and Best Car Display. Other special awards were Best Engine Display, Best Bodykit for Custom and Showroom, Exotic Car Award, 1:1 Scale Model Award, Newcomer Award, New Product Award and Recycler’s Award.

The Best Pavilion Display Award was given to Phoenix Petroleum, while

crowned Ms. Trans Sport Show was Phoenix model Jaymee Pagulayan.

Phoenix Petroleum’s 54-square meter booth was designed like a retail station and incorporated elements of the partnership with NBA, such as NBA Sports bottles.

Phoenix Petroleum Philippines is the leading independent oil company with an expanding network of operations nationwide. It is engaged in the business of trading refined petroleum products and lubricants, operation of oil depots and storage facilities, and allied services.

The BMW Driving Pleasure for as low as P22,490/month

With FlexiLease, it’s now possible for Filipino individuals and corporations to enjoy the full BMW Experience at half the cost of bank financing!

Asian Carmakers C orporation (ACC), the official importer and distributor of BMW vehicles in the Philippines, introduced the scheme to its clients and

the local motoring media last May 23 at the Premium Motoren BMW dealership along Fr. William Masterson Avenue in Pueblo de Oro Business Park.

FlexiLease is an operating lease program that offers flexibility for companies and individuals who want to experience sheer driving pleasure without the additional costs of ownership.

With FlexiLease, customers can enjoy low initial cashout and monthly rates and bmw/PAGE 11

Phoenix Trans Sport Show_4 - Phoenix Petroleum model Miss Jaymee Pagulayan was crowned as the Ms. Trans Sport Show during the awarding day held on June 2, 2013 at the SMX Convention Center , Pasay City .

FIBECO’s 41st Foundation Day Celebration with the Theme: Creating Responsive Innovations, Energizing the Future, and making People’s Lives Better @ FIBECO Main Office,Anahawon, Maramag, Bukidnon, June 13, 2013

Ceremonial Inauguration/Cutting of Ribbon: “Ceremonial Ground Breaking”

“Consumer Care center cutting of Ribbon with Mr. Percival G. Crisostomo Institutional Development Department National Electrification Administration & BOD Raul Alkuino.”

“Cutting of Ribbon for Parallel Lines”

“Consumer Care Center”

“Parallel Lines”

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Farmers... from page 4

P56,728 in 2012, way below the industry and services sectors’ rates of P351,024 and P181,850, respectively.

The NSCB report added that farmers were only paid an average of P156.8 a day in 2011, while fishermen took home P178.43.

The same NSCB report said agriculture employs more than a third of the country’s labor force, the sector which has the highest incidence rate of poverty.

“Given the low labor productivity and wage rates, it is not surprising that across basic sectors, poverty incidence is highest among fishermen and farmers at 41.4 percent and 36.7 percent, respectively, in 2009, way above the poverty incidence for the whole country at 26.5 percent in 2009,” Bais said. “ T hat is t he i mpac t when an agricultural based economy like the Philippines is underdeveloped. Poverty is an automatic result of j o b le s s n e s s . You c a n’t experience one and not feeling the crunch of the other,” he said.

Bais also criticized the government’s insistence of collaborating with big local and foreign agricultural companies to increase jobs in the countryside.

“Selling our agricultural lands to the highest bidder w i l l f ur t her decimate job opportunities in the cou nt r y side. You c a n’t control what you don’t have.

Land monopoly will worsen unemployment,” he said.

Bais said it is important for t he gover n ment to implement a genuine land reform which gives farmers enough support and power to make their land productive their own way.

“Mr. Aqu i no has no interest and turned its back to the rural folks because it simply runs against his class interest and to his business associates,” he said.

Bais said only through a genuine land reform can the big problem of unemployment can be resolved, specially in the countryside. (BM)

Urge... from page 4

a meeting with protesting fa rmers i n Ma laca ña ng on June 14, 2012, the 24th anniversary of CARP. TFM President Alberto Jay me sa id t he Aqu i no administration faces the herculean task of distributing t he ba la nce of 957, 36 0 hectares from January 2013 to June 14, 2014.

“The DAR only managed to distribute 16,327 hectares from Janaary 2013 to March 31, 2013, or only 10 percent of its total target of 160,001 hec t a res for t he ent i re year. This performance is unsconscionable,” Jayme argued. (BM)

FAO... from page 4

6.5 per cent up from last year’s reduced level, FAO reported, supported by higher global wheat output, rice production, and a sharp expected rebound in maize harvests and use, particularly for feed a nd i ndust r ia l purposes, in the United States.

“Based on current supply and demand prospects, by 2014, world cereal inventories could register an 11 per cent recover to 569 million tonnes, the highest level in 12 years,” the report cited.

The resulting world trade in cereals is expected to reach 306 million tonnes, similar to this season’s level.

Also, global fish production is likely to reach a new record level in 2013 topping 160 million tonnes for the first time, as world fish prices continue to rise.

“Buoya nt dema nd in developing countries for has driven world aquaculture production to new heights,” authors of the report said, adding that consumption is down in the traditional markets.

Fish for direct human c on su mpt ion w i l l a l s o increase significantly during 2013 as a smaller share of captures is destined for fish meal production. On a per capita basis, global fish consumption is approaching 20 kg a year. Prices on a number of farmed species, such as salmon, shrimp and selected bivalves, have risen sharply, according to the report.

Demand for meat production is expected to grow more in developing countries, with the global outlook remaining modest.

Meat prices have been historically high since early 2011.

World meat production is forecast at 308.2 million tonnes in 2013, a modest i ncrease of 4. 3 m i l l ion tonnes, or 1.4 percent on 2012. While producers in many countries continue to face high feed prices, these started falling in 2012, and could further diminish in 2013.

World trade in dairy is expected to expand, but not by much due to limited supply. International prices

of dairy products registered strong growth during the first four months of 2013, particularly in March and April, and high prices are expected for the next few months. The main cause of the price surge was a steep fall-off in New Zealand’s milk production.

Su ga r produc t ion i s expected to rise in 20122013 by 2.8 percent to 190 million tonnes, surpassing consumption for a second consecutive season. The surplus is likely to hover around 6.5 million tonnes.

Increased production in Brazil, United States, Aust ra lia a nd China is a nt icipated to of fset declines in India, the EU and Thailand.

This year’s Food Outlook has a specia l repor t on quinoa, coinciding with 2013 having been declared the International Year of Quinoa by the UN General Assembly. “ Wo r l d d e m a n d i s expected to keep growing vigorously in the coming years, driven primarily by developed countries, where expenditure on healthier and natural foods is on an upward trend,” the report said.(UNIC)

Aircraft... from page 3

300, which 436 “all economy seats” and can fly up to 14 hours, paves the way for the airline’s first long-haul operation, Mr. Reyes said.

“We have another one (deliver y) in September.

That will be used for Dubai,” he said, adding that two remaining A330-300s will arrive in the first half of next year.

Cebu Pacific is scheduled to fly to Dubai starting Oct. 7, marking the airline’s maiden long-haul operation.

The company has also appl ie d for p er m it s to operate in Saudi Arabia and Australia, Mr. Reyes said.

“As we have said, we will fly to routes where there is a Filipino community,” he said.

The compa ny a lso remains keen on f lying to United States and Europe once the Philippines bags safety rating upgrades there, Mr. Reyes added.

Mr. Reyes said Cebu Pacif ic’s success in t he low-cost domestic market is expected to extend to longhaul operations. “Only lowcost carriers can make travel ultra affordable. And with 7,107 islands to connect, and only one domestic trip for every four Filipinos, we are far from reaching the full

potential of air travel,” he said during his speech at the ceremony here. “We see no reason why the same dynamic can’t apply to the long-haul market. Short haul, very successful -- long haul could be just as successful. Today LCCs (low-cost carriers) provide only one out of every six seats on international routes from the Philippines.”

Gwyn Scourfield, CIT’s senior vice-president and global head of marketing, said his company expects Cebu Pacific to grow the i nter nat iona l long-hau l ma rket. “We have seen how you at Cebu Pacific have taken the market from nowhere…,” Mr. Scourfield said during his speech. “We are confident that you will do the same in the international long-haul market.”

Jea n-Fra ncois L ava l, A i rbus’ execut ive v icepresident for Asia, said in a separate speech in the same event: “We believe that…the A330 will quite simply offer lowest operating cost.”

The A330-300 unit, which will be flown to Manila today, will become the 44th plane in Cebu Pacific’s fleet and the third aircraf t of the company to arrive this year.

Two Sharklet-equipped A320s were delivered in January and March, respectively.

Opens... from page 3

market, with its fierce rival also looking to open a plant inside the country.

M a ny mu lt i nat iona l compa nies have been hungrily eyeing Myanmar since reforms by President Thein Sein’s government began in 2011, thrusting the nation’s estimated 60 million population into the consumer age.

PLDT... from page 3

Prior to that, the country’s biggest telco said it was investing an additional P3.6 billion to make “its media assets more visible to the shareholders of PLDT.” Aside from its 30-percent stake in BusinessWorld, the PLDT Group also owns 20 percent of Philippine Star and 18 percent of Philippine Daily Inquirer.

Hurst... from page 6

Jesus said that He is the One Who can forgive our sins, and He proved it - by being the only person in all of history to bring Himself back to life after being dead and buried for 3 days!

Je s u s p ro m i s e s a n d guarantees you that if you’ll

Diaz... from page 6

would be nothing but a delusion of grandeur. Never c a n t h is cou nt r y move forward albeit objectively.

Un less t he gover n ment legislates genuine reforms in the agriculture industry, our dream of becoming an “economic tiger” wou ld remain a fantasy. React: crisguardian@yahoo.com

Loreche... from page 6

the eventual development of hepatic or liver failure which can cause the demise of an individual.

If you not ice a ny of t he following signs and sy mptoms: yel low ish discoloration of the sclera ( white portion of the eyes ) or the skin, itchiness of the skin, abdominal pain, nausea, chronic fatigue, loss of appetite and changes in the color of the urine or stools, you must seek consultation, for proper work up to be done, with necessary treatment instituted.

Lifestyle choices play a vital role in the prevention and protection of the liver.

Avoidance or temperance in alcohol intake, eating a healthy diet, the use of chemicals very sparingly and yes, having one’s self tested for hepatitis B and C ( and getting the most needed immunizations if tested negative ) will surely go a long way in reaching that 100 years of quality life.

To the men who has made a difference in our lives, been factors for good, and whose influence has made an impact , one way or the other, taking good care of your health, is but one way of showing us, that You care for us.

Happy Father’s Day to all the great men out there!

Tambuatco... from page 6

T he que st ion i s; i s i n for m at ion w it h he ld because of incompetence

i n data gat her i ng a nd dissemination, or w it h t he intent to w it hhold data from the people for personal gain and mischief or is it the for the people to stay ignorant knowing information is vital for any communication and study?

Whichever it is - is a puzzle for sure. Somehow p e ople w ho fe e l t he y h ave a c c e ler at e d i nto gover n ment p o sit ion s acquire the decease called swell-headedness and the “s u p e r - a u t h o r i t a t i v e acquired-competence”.

A s y nd rome wor s e than cancer that is life threatening. Regardless of the decease the problems arises when incompetence is coupled with the territories now under their authority.

Let us take for example the MMDA and its mandate to govern the many cities in the NCR (17 of last count).

T hey a re i n cha rge of t ra f f ic (wh ich t hey deliver with consistency), governance of any activity be it for road paving, repairs or de-clogging of waterways etc.

It seems obv ious the performance is way below par and worst of a l l ag g ravat i ng to t he commuting public.

And yet the department continues to exist costing taxpayers a lump in its coffers.

There is a lso t he pension funds of the state that are lost or bankrupt to corr upt ion if not incompetent management.

This goes for t he military as well (but in this case with real intent to deceive, and only to get away with mischief accorded the courts).

On issues of information and communication we in the country have not yet reached a maturity many around the world are now taking advantage of.

And reasons for this is incompetence!

!

D A E R

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Hike... from page 1

is just enough to offset the cut in purchasing power.

If we talk of increase, we only have 2 cents (from this order),” he added.

Albarece, who was one of the lawyers of the Associated Labor Unions-Trade Union Congress of the Philippines (ALU-TUCP) before election as board member in 2010, said they are checking if the order can still be appealed.

“The workers should get a fair share of the progress,” he added.

The ALU-TUCP asked for an P88 across-the-board wage increase in consultations for the wage order in April.

Wage Order No. 16, issued in 2011, provided for only P17 cost of living allowance, which has a lready been integrated in the minimum wage.

The new wage rates in nonagriculture and agriculture a re a s , re s p e c t i ve l y, i n Northern Mindanao will be as follows: Wage Category I – P306 and P294 per day covering the cities of Cagayan de Oro and Iligan, and the municipalities of Tagoloan, Vi l la nueva a nd Jasaa n; Wage Category II – P301 and P289 per day covering the cities of Malaybalay, Va le nc i a , G i n go o g , E l S a l v a dor a nd O z a m i z , and the municipalities of Ma ra ma g , Quez on a nd M a nolo For t ic h; Wa ge Category III – P296 and P284 per day covering the cities of Oroquieta and Tangub, and the municipalities of Lugait, Opol and Mambajao; Wage Category IV – P291 and P279 per day covering all other areas not covered under the above categories.

T he RT W PB sa id i n its website that the new minimum wage of Northern Mindanao covers all types of workers in the minimum wage category in the private sector, regardless of position, designation or status of employment and irrespective of payment scheme.

The board added that the order covers workers paid on piecework, “takay”, “pakyaw” or task basis with work time of not less than eight hours or a proportionate rate of the actual hours worked.

The order also stressed on productivity-based wages.

DoLE... from page 1

agreement with LGUs that Public Employment Service Offices (PESO) will also be signing a clearance before

LGUs can issue business permits, to ensure t hat establishments have no pending case with the DoLE,” Mr. Cañete said.

Also, to further enhance labor standards, the director s a id h is of f ice w i l l be conducting wage clinics in all Northern Mindanao provinces once a month to make employers, LGUs and civil society organizations understand what the general labor standard is all about.

Ralph Alden H. Abucejo, a municipal hall employee in Camiguin, said it is good that DoLE has strengthened labor standards monitoring.

He noted that this will not only benefit workers like him but ensure quality service to the general public as well.

Earlier this month, the Regional Tripartite Wages and Productiv it y Board issued Wage Order No. 17 increasing the minimum daily wage rates of workers and employees in the private sector by P20, composed of P10 added to the basic wage and P10 to the cost of living allowance.

Villar... from page 1

for implementing ma ny livelihood projects in many far-flung municipalities in the country, said she will put up more plastic recycling projects in the region.

“The plastic recycling project will be beneficial, since raw materia ls a re already there, operate it, improve the product, and out of those plastics, we can make chairs and others,” Mrs. Villar said. “Kung ano ang mga ginawa ko sa Las Piñas, gagawin ko rin sa Mindanao.”

As an advocate of clean environment and with her vision to improve the lives of every Filipino, Mrs. Villar said she aims to chair the agriculture and fisheries committee in the Senate.

“Gusto ko kasing ipagpatuloy ang mga gawa ni Sen. Manny Villar at naniniwala rin akong ito ang ma ka kapagbigay ng hanapbuhay sa mga tao, kahit simpleng hanapbuhay lang,” she added.

Also, Villar said she will focus on small, medium, and micro enterprises especially on agriculture sector as it will empower small businesses and boost the economy. “ Si nc e we a re labor intensive, we will conduct bu s i ne s s t r a i n i n g s for agriculture and fisheries also,” she added.

As for Northern Mindanao, Mrs. Villar said she will first determine what

are the available raw materials in the region so that she will know particular projects to implement.

“But we will still promote the use of organic fertilizers to our farmers kasama na yung coconet and hog raising schemes,” she said.

The soon-to-be senator Villar specifically cited the hand-made paper production in Salay, Misamis Oriental which she promised to give a boost.

Likewise, Mrs. Villar also vowed to help cooperatives in rural and urban areas citing its important role in countryside development.

Italpinas... from page 1

ITALPINAS Euroasian Design and Eco-Development Cor porat ion (ITPI), a n Italian-Filipino company specializing in designing and developing innovative ecofriendly real-estate projects sig ned a Memora ndu m of Agreement (MOA) in partnership with Habitat for Humanity Philippines (HFHP) last May 31, 2013 at ITPI’s head office in Makati City.

“Our advocacies complement each other’s v i sion a nd m i s sion of prov id i ng eco-f r iend ly, sustainable and affordable houses,” Mr. Nati said.

Architect Romolo Valentino Nati, Chairman and CEO of ITPI, sealed the partnership by signing with Mr. Charlie S. Ayco, CEO & Managing Director of HFHP, with ITPI CFO Mr. Harold J. Dacumos and HPHP CFO Ms. Yvonne C. Lih. Habitat is an accredited a s a non-gover n ment a l organization (NGO) by the Board of Investments which is engaged in socialized housing and community d e v e l o p m e nt p r o j e c t s .

It s s o c i a l i z e d hou s i n g projects aim to transform communities so that their home partners would have bet ter access to socioeconomic opportunities and a better quality of life.

A s a re l at ive ly ne w real estate developer, ITPI has received international accolades such as “One of the Highly Commended Condo Developments in the Philippines” from the Southeast Asia Property Awards in Singapore in 2011, and as one of the “Most Promising Clean Energ y Investment Opportunities in the Philippines” from the Climate Technology Initiative Private Financing Advisory Network (CTI PFAN) in 2013 (Singapore).

ITPI’s first venture started 2009 with the development o f t h e t w i n 10 - s t or e y mixed-use condominiums “Primavera Residences” in Uptown Cagayan de Oro. Designed and constructed as eco-friendly buildings, it is the first mover in Northern Mindanao featuring optimized natural lighting/ shading and ventilation, heat reduction, reduced energy consumption and renewable energy production through the use of roof top solar photovoltaic panels. Other projects in other areas of the country are now in the pipeline.

With the recently signed MOA w it h HFHP, ITPI agreed to support Habitat’s “I Build” Campaign through a donation which will fund a specific portion of Habitat’s socialized housing project in Pagatpat, Cagayan de Oro.

DOH... from page 5

that behaves like dengue and is also transmitted by the “Aeides” mosquito. He disclosed that there already conf irmed cases in t he Cordillera particularly in Lamut, Ifugao.

“Chikungunya manifests the same signs and symptoms like Dengue, except that it does not present with bleeding , and the most prominent and distinguishing symptom is the presence of joint pains which can recur weeks or even months after the infection”, Marrero explained.

Such viral disease has no specific treatment and no vaccine yet, which gives us more reason to apply the four O’clock habit, he stressed.

The prevention and control measure that has to be done is to have massive cleanup drives and information campaigns to ensure that there are no possible dengue mosquito breeding sites in our communities, Marrero added.

PhilHealth... from page 5

A total of 284 families is sponsored by private institutions and individuals in the province. Fely C. Omengan sponsored 100 families of the total sponsored families; Episcopal Church of the Philippines – 85; Sagada Health Insurance Program (SHIP) – 39; Joseph Domogo Foundation – 24; Knights of Coulmbus – 16; Gabriela Party List – 16; and SumadelLubon-Masla (SULUMA) – 4.

BMW...

from page 8 drive a brand new BMW

vehicle every two or three years depending on the lease term applied for.

“As a way of sharing the success we’ve had for the past 10 years in the local market, we’re introducing FlexiLease as an additional option for Filipinos to experience the BMW Brand. For this program, we have partnered with Asia United Fleet Management Services, Inc. (AUFMS),” said Maricar Parco, ACC President.

“This program offers attractive benefits such as low deposit, low monthly fees, and an easy way to upgrade to a new BMW when new models are introduced.”

With this limited offer, BMW customers will only have to pay 50% of the monthly lease rate for the first year if they opt for the 3-year term. For instance, customers can drive home a BMW 116i for as low as P22, 490.00 ++ per month.

“With Flexilease, you can enjoy a brand new BMW automobile for two to three years at half the price of regular bank financing,” said.

Gil B. Balderas, Deputy Sales Director of ACC-BMW. “At the expiration of your lease, you have the option to either buy your car at a much cheaper price or opt to get a new model under the same generous terms.”

Open for both individual and corporate customers, the FlexiLease program features a minimal 10% Deposit; Operating Lease; 24 and 36 month lease terms; Lower Monthly Fees Inclusive of Comprehensive Insurance, LTO Registration and BMW Standard Maintenance Services.

These unique features allow customers to experience a host of benefits that other car financing options such as loans don’t have.

Lease applications are approved within five working days for individuals and seven working days for corporate customers.

Value for Money Under FlexiLease, instead of a 20% down payment, the customer simply pays a refundable 10% guaranty deposit and one month cash advance rental fee.

Under FlexiLease, instead of a 20% down payment, the customer simply pays a refundable 10% guaranty deposit and one month cash advance rental fee.

“This relatively low deposit serves to free up other funds that can be used for other expenses. In addition, since there is no purchase involved for the customer, there’s no need for a chattel mortgage,” said Clemente Ch. Fernandez, Premium Motoren BMW General Manager.

Optimize Use of Capital As an operating lease, FlexiLease allows qualified clients to redirect their funds to key investments, rather than tying up cash in a transportation

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asset. Moreover, it provides an opportunity to lower balance sheet liabilities since monthly payments are typically classified as rental expenses in the income statement. Qualified customers can therefore experience tax benefits since lease payments are tax-deductible.

Flexibility and Convenience of Lease Terms FlexiLease allows for utmost flexibility and convenience in terms of being able to drive and experience a BMW. At the end of every lease term, the customer can either return the car and use the deposit to begin a new lease term for another brand new BMW, re-new the lease contract for another term, or simply end the lease term and return the car.

Low Ownership and Maintenance Costs In addition to having the choice of flexible lease terms, customers need not w or r y a b out ow n e r s h ip costs. FlexiLease covers the comprehensive insurance coverage, LTO Registration, as well as the regular maintenance costs of owning a car.

“What makes FlexiLease a convenient option in getting a car is that the lease fees already include insurance, registration fees from the LTO, and other standard maintenance costs, and still let you save more money at the end of every lease term,” says Glen Dasig, ACC Executive Director of Sales and Marketing. He also adds that since the FlexiLease plan is directly tied up with a BMW dealer, the customer is guaranteed the best service and maintenance for the car.

“Maintenance costs are for the account of AU Fleet Management Services Inc. and ACC,” said Ms. Bernadette A. Ramos, AU account officer.

“We cover all maintenance costs bumper-to-bumper except for consumables.”

In case of a total wreck, AU will replace the unit while repairable units will entail the usual equity participation of the lessee.

FlexiLease is part of ACC’s celebration of a Decade of Leadership. For ten straight years, the BMW brand has dominated the luxury vehicle segment in the Philippines, finishing with a 33% market share and reflecting a global trend that saw the BMW Group post an 11% increase in 2012 year-on-year, its highest ever.

Inte re s te d appl i c ant s may inquire more about the FlexiLease program by visiting all authorized BMW dealerships around the country or www.bmwflexilease.com.

They can also email their inquiries at information@bmw. com.ph. Better still, they can visit the Premium Motoren BMW dealership at the Pueblo de Oro Business Park, Fr. William Masterson Avenue, Cagayan de Oro City or call tel. no. (88) 851-7965

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