BusinessDaily Mindanao (April 12, 2013 Issue)

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INSIDE LOOK

Volume III, No. 189

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April 12, 2013

Economic B uttresses

By Amparo Pamela Fabe

Economy

Motoring

Opinion

Business tax collections in Cagayan de Oro up P22M

Isuzu to cut PH assembly line

PAGE 2

PAGE 3

Market Indicators

As of 6:12 pm apr. 11, 2013 (Thursday)

FOREX

PHISIX

US$1 = P41.12

6,872.32 points

5 cents

RELIABLE

X

X Briefly 15.90 points

Agri-Business Youth Consumption

DENR-11 to count tarsiers

Nailfiles opens in Cagayan de Oro

DUs scramble for power PAGE 6

PAGE 8

PAGE 12

Different utilities contract 50% of TSI’s coal power plant

S

By BONG D. FABE, Associate Editor

CRAMBLING to mitigate the worsening power crisis in Mindanao and prevent their customers from groping in darkness, at least 15 distribution utilities and cooperatives all over the island have signed contract with AboitizPower’s upcoming coal-fired power plant.

Back wages

COTABATO City -- More than 1,000 public school teachers in the Autonomous Region in Muslim Mindanao will soon receive their back pays that stretches way back in 2007, the Department of Education (DepEd-ARMM) said.

“The back wages amounting to P146 million is now ready for distribution,” according to DepEd ARMM Regional Secretary Jamar Kulayan.

Kulayan said the more than 200 public school teachers in Lanao del Sur have already received their back pays while another 50 teachers in Basilan will get their unclaimed salaries amounting to P4.8 million.

Eleven more teachers in Lamitan City will take their back wages amounting to P2.2 million within the week.

Teachers in the province of Sulu numbering about 100 will get their back wages amounting to P13.6 million while 60 mentors in the province of Tawi-Tawi will soon have their back pay amounting to P18.6 million.

Billboard

P

With power supply getting thin, distribution utilities run to coal power.

Italpinas growing fruit trees for Sendong victims THE awa rd w inning developer of Primavera Residences is extending its advocacy for an eco-friendly lifestyle from design and construction to actively

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

growing fruit trees to help curb global warming.

Last March 16, 2013, Italpinas Euroasian Design a nd E co-Development Corporation, joined hands with Habitat for Humanity (HFH) Philippines Community Development/ Partnership Department to undertake the planting and growing of fruit trees in two of Habitat’s resettlement sites for Sending victims: Calaanan 2B and Calaanan 3 Extension.

“We are undertaking this Italpinas/PAGE 11

These 15 power DUs and coops have contracted 180 megawatts or more than 50 percent of the total capacity of Therma South, Inc.’s (TSI) 300 MW coal-fired power plant now being constructed in Toril, Davao City.

TSI’s coal plant will go online in mid-2015.

POLL WATCH

The contracts also stipulated the rates that TSI will charge the DUs and coops. “ T hese cont rac t s have been submitted to the Energy Regulatory Commission for review. And we are awaiting the ERC’s decision,” said an AboitizPower official, who power/PAGE 11

ADVERTORIAL

3 Baptist groups back Villar

By CHRISTINE H. CABIASA Reporter

FOR the first time, three Baptist groups in Cagayan de Oro have thrown their unified support to the senatorial bid of Team PNoy’s candidate Cynthia Villar.

During the Bishops, Pastors and Church Leaders Fellowship on Tuesday at Dynasty Court Hotel, the Leaders of the Philippine Baptist Church thumb up for senatoriable Cynthia Villar as they vowed to support villar/PAGE 11 her candidacy. photo by sarah jane ragay

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Economy

Business tax collections in Cag. de Oro up P22M BUSINESS tax collections in Cagayan de Oro City chalked up P 307,608,063 million from January to March this year, up P 22.8 million compared to last year’s collection during the same period.

Acting City Treasurer Marilyn P. Legaspi said that the increase in business tax collections during the first quarter this year would provide a clear picture of the city’s financial prospect in the months ahead.

She said that the initial collection showed a strong financial head start as the city expect more investors to pump prime the city’s stimulating business climate.

The real property industry bannered this year’s

first quarter contributing P150,185,661.24 million for the city’s coffers as against last year’s P 139,933,503.98 million collections from January to

March.

Legaspi said the city government projects a P 871,226,000 million business tax and real property tax this year as outlined in the city’s 2013 Executive Budget.

The projected f ig ure constitutes P444,695,600 million business tax collection and P 243, 730,400 million f rom rea l proper t y ta x excluding taxes from business permits, licenses, services, and other income, Legaspi added.

Legaspi said that the city’s internal revenue allotment this year also increased from the monthly figure of P 66,404,451 million in 2012 to P 72,645,487 million this year. (PNA)

DPWH-ARMM posts huge savings C O TA BAT O C it y - Bec ause of it s pr udent f isca l ma nagement a nd enforcement of transparent procurement and bidding process, the Department of Public Works and Highways in the Autonomous Region in Muslim Mindanao has generated a total of P136.4million in savings from its 2012 f unds, DPWHARMM officials announced Wednesday.

E n g r. E m i l S a d a i n , the region’s public works secretary, said that upon his assumption to office after President Benigno Aquino III approved his appointment as OIC-regional secretary when acting Regional Governor Mujiv Hataman assumed office, he instituted reforms in all DPWH transactions.

“It was part of the reforms we have put in place in the agency,” he said.

Just last month, ARMM conducted a “first” since the AR MM was born in 1990, that is, holding public bidding in the presence of all ARMM officials, civil society organization representatives and the media.

Sadain said their action fol lows on t he refor ms introduced by the present administration of Governor Hataman. posts/PAGE 10

Davao Lights expands to malls, airwaves

By RUDOLF IAN G. ALAMA, Contributor

DAVAO City -- The utility firm Davao Light and Power C o mp a ny (DL P C) h a s opened its first mall-based full-service center and also started airing its first radio program.

The radio program titled Kaalaman sa Kuryente or Power Knowledge is aired over DXUM-Radyo Ukay every Thursday 2 p.m.-3 p.m. The program started broadcasting last April 4 and is hosted by Amy Cabusao.

Several resource persons from the company will be available during the duration of the program.

The radio project aims

t o e du c a t e c on s u m e r s anything and everything about electricity with focus on safety tips and energy conser vat ion. Wit h t he wide broadcast range the company hopes to reach many consumers particularly if they are broadcasting important announcements.

Meanwhile last April 6, DLPC formally opened its first full service center at SM Lanang Premiere. The mall center located at the mall’s basement floor will handle payments, applications for new connections, metering concer ns, requests a nd inquiries.

The 35-square meter f u l l ser v ice center w i l l be manned by five tellers and five customer service representatives.

According to Ross Luga, Assistant Vice President for communication of DLPC another full service center is planned to be opened in SM City Davao in the southern suburb of Ecoland to ac c om mo d ate t hos e customers in that part of the city.

The mall office aims to decongest the payment and customer service operations at the head office expands/PAGE 10

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Motoring

Isuzu to cut PH assembly line ISUZU Philippines Corp (IPC) may reduce its vehicle manufacturing line in the country unless government prov ide s i nc ent ive s s o assemblers can compete with cheap imports.

In a med ia brief ing, outgoing IPC president Ryoji Yamazaki said local car manufacturers are weighed down by cheap imports from across Asia because of lower production costs outside. “ N i n e t y p e r c e nt o f our products are locally assembled but in order to compete with completely built-up [CBU] units from Thailand or Japan we need some fiscal and non-fiscal incentive to keep the local assembly [or] even increase

A lady worker in one of Isuzu’s assembly line.

the ratio or percentage of locally assembled vehicles,” Yamazaki said.

Based on previous studies, the cost difference of locallyassembled vehicles and CBUs

can go as high as $2,000 each or 10 percent of production cost and economies of scale, he said.

“In Thailand the production volume of pick-up

Honda Philippines recalls 2001-2002 Civics, CR-Vs SOME 2,234 Honda Civic model s 2 0 01-2 0 02 a nd 7,509 CRV models for 2002 would be voluntarily recalled because of defective inflators.

The local recall is part of the estimated 1.142 million recall worldwide due to the same safety issue.

In a statement, HCPI said that the findings showed that during a manufacturing

process wherein the automatic rejection system failed to detec t defec t ive a i rbag inf lators with low density propellants.

“As a result, upon airbag deployment, the pressure increases excessively and might cause the inflator to rapture,” the statement noted.

Further, they said that no crashes or injuries were

repor ted related to t he problem.

Because of the problem, HCPI would replaced the inf lators of the affected vehicles free of charge, starting April 22.

The replacement, which would only take an hour to repair, would be made in all 28 authorized dealerships and 3 service centers nationwide.

trucks is more than 200,000 but here in the Philippines we are only producing 3,000 units. It’s better cost-wise to import. In case we get some incentives from the government we still have hope to keep our assembly of pick-up trucks in the Philippines,” Yamazaki said.

B ec au se of t he st i f f competition from cheaper i mp or t s , t he lo c a l c a r manufacturing industry’s s h a re of t he dome s t ic market has gone down from 90 percent to less than 50 percent in 10 years.

“As a result, Filipino people lose jobs,” Yamazaki said, adding that IPC however has maintained the bulk of isuzu/PAGE 10

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H Y U N DA I re p or t e d a 43 percent increase on its monthly sale with 2,327 units sold in March against the 1,632 sold in February this year.

Hy u nda i ’s passenger car (PC) models pu l led the figures when it posted an impressive 63 percent growth from 825 units sold in February to 1,343 in March, while the Light Commercial Vehicle (LCV) posted a growth of 22 percent with 807 units sold in February to 984 units sold in March.

At t he sa me t i me, Hyundai registered a yearon-year monthly growth of four percent selling off 2,327 units upped from the 2,245 sold at the same month last

year.

Though sales on subcompact passenger cars showed a slump, from 1,177 in February to 937 in March, overall figures showed an increase of t wo percent from 1,343 total units sold in March as against 1,316 units registered in February.

Utility trucks pulled the sale up on LCV with 984 units sold in March, six percent more than the 929 units sold recorded in February.

“Bounding back from our slump sales in February due to availability of supply, I am confident that in general, the Philippine automotive industry will continue to register a robust performance hyundai/PAGE 10

Almost 10,000 units of Honda vehicles would recalled in the Philippines due to faulty inflation device of the front passenger airbag.

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Fragile emotions HINTS

here is no doubt t hat emotions play an and Traces important role in our life.

By Fr. Roy Cimagala Next to our physical features, t hey a re considered ou r packaging through which people detect our inner identity and character.

True enough, next to the senses, the emotions are the doors and windows that link us to the outside world, and viceversa. Thus, we can readily see how important it is for us to develop our emotions well, since our knowing and expressing somehow depend on them.

This should be an abiding concern. Our education necessarily has to tackle this important component that can play a crucial role in our life. We have to wake up to our emotions’ now urgent and crying need for due attention.

A lady senator, notorious for going ballistic in public and for her talent for highfalutin foul language, at least admits she needs to have anger management. I would say it’s not only anger that we should manage, but all the emotions.

There are many of them: Love, hope, pleasure, joy, hatred, aversion, fear, sadness and anger, etc. It’s worth noting that Jesus Christ, to Christian believers the model of how we ought to be, felt all these emotions, indicating to us that emotions are at least an integral part of our nature.

In themselves, they are neither good nor bad. Their morality depends on how they are used. They are good when they contribute to a good action, and evil in the opposite case.

The Catechism of the Catholic Church describes them as “natural components of the human psyche. They form the passageway and ensure the connection between the life of the senses and the life of the mind.” (1764) From this description alone, we can understand that emotions are not meant to be on their own. Their life, growth and development, their health and vitality need to be pursued in constant and proper integration with our cimagala/PAGE 7

A better way

ou know that all of the world’s progress has come from people who just weren’t satisfied to let well enough alone.

Sir Francis Bacon said: “Acorns and nuts were good, until someone invented bread.” So after you’ve succeeded a little, don’t make the mistake of stopping. If you can’t think up a new idea or invention, then find a way to improve an old one. Someone said: “The difference between ordinary and extraordinary is that little extra.”

Remember, the enemy of the best is second best. So if you’re satisfied with just what’s good, you’ll never have the best. A famous sports coach said: “It’s what you learn after you know it all that really counts.” When you think you know it all, you stop improving. If we think we’ve arrived, we’ll get left behind. Successful people keep looking for better work even after they’ve found a job. “We may all live under the same sky, but we don’t all have the same horizon.”

Expanding your horizons means choosing to see the bigger picture and opportunities for success all around you.

A woman’s view of life was changed forever when in a restaurant she met Picasso, the world-famous artist. She asked him to write something on her dinner napkin. Picasso

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THINK

A Minute

scribbled something quickly

By Jhan Tiafau Hurst and said to her: “That will be $10,000.” Shocked, the woman said to him: “But you did that in just thirty seconds!” Picasso answered: “No, it’s taken me 40 years to do that.”

God’s given each of us so much potential. We can, and should, keep learning and improving all our life. So if what you did yesterday is still good enough for you, then you haven’t done much today.

Don’t just “get by”, get high on life by always learning new things every day. You see, when God stretches you, you never snap back to your original size and shape. You’re always a bit bigger and better than before. So why not ask Jesus to forgive you for not living up to the kind of life He created you to live? Then ask Him to take charge and start showing you every day His better way.

Just Think a Minute…

Youth consumption

he last five years of the Philippine economy has been characterized by a consumer-driven economic growth: education, appliances, housing and cars. The local booming economy which is propped up annually by billion dollar remittances of Overseas Filipino Workers and the foreign business process outsourcing industries has resulted in the proliferation of shopping malls (led by the SM, Ayala Group and Robinson’s Group of companies). These shopping malls have become leisure and entertainment areas. The Internet and the explosion of consumption sites have shaped the new ways by which many Filipinos consume. The rise of 24/7 jobs has led to the increase of business establishments offering products and services 24/7.

Young people are inveterate consumers of commodities.

These commodities, in turn, influence social relationships.

Kaj Ilmonen, the late Finnish sociologist explained that: A lt hough commodities are non-human actors, they shape our social life. They mediate everyday activities to one another and they bond us to other people. They capacitate our actions, and it is often hard to tell the limit between the object and the action using that object.

Commodities and human action form a network where humans act and objects react. Meanings associated with objects turn them from raw material of action into social relationships.” Kaj Ilmonen (1944-2007), from an unfinished manuscript.

Economists defined consumption goods as those which are purchased for the enjoyment they afford, or the personal needs they satisfy. Their value is, therefore, based on use; while the value of producers’ goods is a function of earning power. All things and all services that contribute directly to our well-being are, in this sense, consumables. Clothes, food, housing and the furnishings are consumables.

(Last of two parts) n last week’s column, I shared wonderful advice from some of the country’s most accomplished and hardworking microentrepreneurs.

These businessmen and women have been recipients of the Citi Micro-entrepreneur of the Year Awards (CMA) in the last 10 years since the program was created.

The CMA Program, according to Microfinance Council of the Philippines, Inc., Chairperson Mila Mercado Bunker, is “a celebration of economic triumph amidst great odds at the grassroots level.”

“We have seen the transformation of these micro-entrepreneurs – from budding handicraft-makers to producers of world class quality products,” Mercado Bunker said.

She added: “They have become responsible employers and role models of good citizenship – local economic heroes in their own right.”

Here are more great tips from these local economic heroes: Carina Gonato, lumpia seller • Update yourself on what customers think and like about your product.

• Strive to learn how to improve your business.

• Read books and surf the Internet for pointers on how to be successful.

• Keep pursuing your goals.

• Felicidad Kalalo, copra products dealer • Without trust and honesty, your business will never grow.

• If you borrow money, you must pay it back. Be regular with your payments so you can borrow again to grow your business.

• Be alert to how your business is going. If it is too slow and

B uttresses

The consumers’ motivations

By Amparo Pamela Fabe for buying goods are multiple and hybrid, consisting of various fragments of personal roles, of history, and of social experiences. The result is intricate and complex in that consumption practices are not unified in a systematic order, and oftentimes these are not completely congruent with social and geographical classifications.

Philippine marketers always strive to excel in targeting the youth market and pushing their goods and services to this fast-growing consumer market segment. The concept of marketing aims to “facilitate and expedite satisfying exchange relationships in a dynamic environment” (Dibb, Simkin, Pride, and Ferrell 1997, p.3) and “enables consumers to choose a brand which seems to have the best potential for satisfaction” (Enis and Cox 1997, p. 89). In general, marketing is driven by a desire to satisfy consumer needs.

Most of the advertising promotions by local and foreign companies are targeted to the 15-29 years old segment.

(McCann-Erickson report, 2004).

International and local marketers respond to the numerous challenges by getting young designers who know youth culture. For instance, Tommy Hilfiger can make white culture cool to black culture because he has people working for him who are cool in both cultures simultaneously. So how does one understand youth consumption? Steven Miles goes on to suggest that youth consumption is a mediation phenomena.

Small business: Words of advice

I

ECONOMIC

SPEAKING

O ut

By Ignacio Bunye

• • • • • • • • • • • • • • • • •

you’re losing money, look for another business.

Do not be afraid of starting over.

Most important, work handin-hand with your spouse.

Ester Lumbo, pandan products entrepreneur With or without competition, work hard on your business and never give up.

Make sure that production is on schedule and all orders are delivered on time.

Give your customers beautiful and original designs to choose from.

Careful planning is the key to a successful business.

Consuelo Valenzuela, sabutan products entrepreneur Never borrow what you cannot afford to pay back.

Do not take too many loans at one time, especially if your business is seasonal.

Know when it is the right time to make a loan.

Follow your repayment schedule strictly.

Keep a list of things you have to do and complete each day.

Cherry Yack, Sr., cassava cake businessman Avoid all vices because they take away from your time, your health, and your money.

Do not let your workers do all the work for you, but make sure the people you hire are as hardworking as you.

Always persevere and believe that God will lead you to your goal.

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Cimagala... from page 6

matter of their proper integration with our reason and our will, and to Christian believers, with our faith and charity.

One big problem we have at present is when people fail to distinguish between what is emotion and what is reason. Sad to say, many people have come to me asking about this distinction. This, to me, is a very disturbing phenomenon. I thought this distinction is always a given.

Our emotions and feelings, our sentiments and passions need guidance and direction. On their own, they can not see far and often are held captive by what is simply here and now, by what is mine, by what is material and sensible.

They cannot go beyond what is merely pleasurable to the senses. They are not expected to look for truth, nor to discern the essences of things, nor to abstract from the material world to enter into the spiritual world.

It’s not their job to bother about morality. No, they don’t have the equipment for such tasks. Theirs simply is to feel, to enjoy and the like. But properly integrated, they can add color and drama to abstract realities.

Without the light of reason and the strength of the will, without the inf luence of faith and charity, emotions remain fragile, unstable, vulnerable to all sorts of dangerous tendencies, quite empty in spite of the sound and fury they can produce.

Detached from reason, from faith and charity, emotions simply shed a light that produces a blinding glare, and their intensity is helplessly self-centered, totally incapable of reaching out to others.

They are notoriously short-sighted, narrow-minded, rigid and inflexible, yet at the same time are capricious.

With them alone, we can never expect to have any conviction nor sense of commitment.

Thus, we can see how dangerous it is when emotions are left simply to be on their own. We truly need to educate them, to integrate them with our higher faculties.

Only then can we aspire to develop them in their endless possibilities. Only then is life not only lived, but also is felt in its real richness.

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DENR-11 to count tarsiers

By Lorie Ann A. Cascaro MindaNews DAVAO CITY - - The Department of Environment and Natural Resources (DENR) will start at the end of this month a population count of tarsiers in Barangay Bobon, Mati City in Davao Oriental, and Barangay Suaon in Kapalong, Davao del Norte, Joselin Marcus Fragada, DENR-11 regional director, said.

The Protected Areas and Wildlife Division (PAWD) of the DENR-11 will conduct the population count and assessment activities, he said.

The results will be the basis for the PAWD, provincial environment and natural resources offices of Davao Oriental and Davao del Norte, and some non-government organizations to craft the management plan for tarsiers.

Fragada said the management plan for tarsiers in the Davao Region is “deemed necessary to be able to conserve and protect tarsiers and its habitat.”

Tarsiers in Mati City were discovered in 2001, while those in Kapalong were discovered only last year, according to DENR-11 information officer Bing Cordova.

Richard Villacorte, city administrator of Mati, said the local government unit “strictly enforces the ban on the catching and selling of tarsiers in Barangay Bobon and Barangay Tamisan from 2001 up to present.”

“Sometime in 2002 and 2003, we conducted site validation and tarsier documentation to confirm the reports. We have enjoined landowners in that area to preserve the tarsier habitat,” he said.

Noel Daquioag, Davao del Norte provincial tourism officer said the tarsier population count “will be beneficial so we will know exactly how many tarsiers are there. Then, we can advocate for their protection.”

He said some groups in the village have undertaken several efforts to preserve the tarsiers.

The Davao Speleological and Conservation Society, a non-government organization, will help the PAWD in the conduct of assessment and population count of tarsier in Kapalong.

The tarsiers “could be an added attraction for Kapalong and for the province of Davao del Norte”, Daquioag said “Our domestic tourists, especially those

Photo courtesy of GILBERT GULANG

proximate to the province, need not to travel to Bohol to see the species,” he added.

The Philippine tarsier (Tarsius syrichta), is one of the smallest known primates and weighs 113 to 142 grams. No larger than an adult men’s hand, a tarsier’s head and body length is about 118 to 149 millimeters.

The DENR Administrative Order No. 48, series of 1991, included tarsier as among the national protected wild species.

Republic Act No. 7586 or the National Integrated Protected Areas System Act of 1991 “mandates the establishment of appropriate sanctuaries to preserve and protect the Philippine tarsier.”

The tarsier was declared as “specially protected faunal species” by former President Fidel Ramos on June 23, 1997. The proclamation prohibits the hunting, killing, wounding, taking away or possession of the Philippine tarsier.

Possession of a Philippine tarsier is allowed only for educational, scientific, conservation-centered research purposes, upon the certification of the DENR secretary.

Inhabiting in rainforests, the Philippine tarsiers are threatened by human population growth, the DENR-11 said, adding the growing human population “causes more forests to be converted to farmland, housing areas and roads, and the dwindling of the forests through indiscriminate and illegal logging, cutting of trees for firewood and slash and burn method,” among others.

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Posts... from page 2

With the reforms in place, Sadain said the department focused on transparent and above board transactions inside and outside the office.

“The reforms have allowed us to maximize the agency’s annual allocation and provide funds for the procurement of heavy equipment and other expenditures,” he said.

Sadain announced that for the first time in 22 years, DPWH-ARMM was able to acquire heavy equipment, all-purpose vehicles and survey instruments on its own initiative and without relying on national funding.

DPW H-A R M M h a s already earmarked part of the savings it generated for the procurement of additional equipment this year, which is set to be delivered in two tranches.

Moreover, the agency intends to concentrate on building and improving prov incia l roads a nd leave the development of national roads to its national counterpart in order to make the most of its funding in the succeeding year.

More than half of ARMM’s infrastructure fund for 2013 is allocated for provincial roads, Sadain said. (PNA)

Expands... from page 2

in Ponciano Street located in the city center which is

getting crowded particularly vehicular traffic.

DLPC has about 301,000 power consumers of which 40% are paying or transacting business at the main office in Ponciano, with an annual customer growth of 15%, Luga said that opening mall centers provides ultimate convenience and comfort to its clients.

Meanwhile DLPC assured that there would be no black outs or power interruptions in their service area during Election Day this May 13.

Luga said that since election day is a national holiday they are foreseeing lesser power demand, aside from lower than average demand, the company has also prepared to m it igate a ny p ower curtailments.

He sa id DLPC ha s contracted power from the Sibulan Hydro-Power Plant of sister company Hedcor Power Corporation. The run-off river facility produces about 42.5 megawatts. Other contracted power sources are from Therma Marine power barge in Maco for 30 megawatts and a standby company-owned dieselpowered plant which can generate 40 megawatts can also be utilized.

Hyundai... from page 3

in the coming periods,” Hyundai Asia Resources Inc. (HARI) President and CEO Ma. Fe Perez-Agudo said.

“H ig h l ig hted by t he country’s recent investment grade rating from Fitch which affords the Philippines favourable economic and f inancial concessions in the globa l market, with our strong economic f u nd a ment a l s , posit ive business sentiments, boosted household consumption, and increasing foreign and domestic investments, these should a ll contribute to sustained domestic growth,” she explained.

“And with a slew of new vehicles to fancy the market this year, Hyundai and the whole automotive industry is poised for year another banner year in 2013,” she enthused. (PNA)

from Japan [but] government decided to stop importing used trucks and changed emission level [standards].

The auto industry is [now] growing. I hope the same thing happens here,” Izumina said.

IPC plans to hi ke production by a tenth to 13,000 units this year on account of a 10-percent projected growth in demand.

Izumina will take over the helm of IPC on May 3 from Yamazaki who has been assigned a post in the car manufacturer’s headquarters in Japan.

READ! www.businessweekmindanao.com

Isuzu... from page 3

its production line.

To level the playing field between locally made cars and imports, assemblers have been pushing for the approval of a roadmap that will outline the incentives for the automotive industry, which is expected to come out by June.

IPC incoming president Nobuo Izumina said the company plans to leverage on the used truck market to increase sales.

“One thing I see in this market is there are used trucks running a lot coming from Japan. Peru a couple of years ago did the same thing -- they imported used truck

Today’s HOROSCOPE AQUARIUS (January 20 – February 18) - The weekend is fast approaching and if you want to clear your agenda for the week you’ll need to keep your focus. Distractions will always be present, but you’ll need to block them out for now, especially if they involve someone else’s drama. You can’t always fix everyone’s problems and right now you just don’t have the time to.

GEMINI (May 21 – June 21) - You are an independent free thinker, but that doesn’t mean you can’t imitate others’ paths to success. If there is a well established formula to achieve what you want don’t be afraid to use it. You don’t have to reinvent the wheel to feel as though you’ve accomplished something. Your upward movement will be enough to satisfy you.

LIBRA (September 23 – October 22) - Holding on to old emotional wounds is not the most effective way to embrace the future. Reliving a painful situation from your past doesn’t do much to encourage your growth or success. In fact the only real purpose dwelling on the past serves is to bring you down. Deal with whatever issue threatens your progress and move forward confidently.

PISCES (February 19 – March 20) - If attention is what you’re looking for splashing cash around will do the trick. However, the type of individual attracted to material extravagance may not be the person you want to be involved with. Shallow, superficial relationships provide none of the emotional support you expect them to. Make sure you can distinguish between those who love you and those who love your money.

CANCER (June 22 – July 22) - One of the smartest moves you can make is learning how to promote yourself. When the opportunity to drum up new ventures opens up take the time to note your previous success in this area. You don’t have to be boastful, but you can and should bring attention to the areas of your expertise that would be beneficial to the endeavor.

SCORPIO (October 23 – November 21) -It is wise to keep an element of mystery about your business plans and ideas. An innocent conversation regarding the details of a potential venture can turn into disaster if the wrong ears are tuned in. Only discuss your plans and ideas with those you know with certainty are trustworthy.

ARIES (March 21- April 19) - You take your success very seriously and right now any project you touch looks to have the mark of success on it. Believe it or not the people you choose to associate with have a large impact on your performance. Align yourself with others whose priorities mirror yours. You can’t spend your time with slackers and expect to excel.

LEO (July 23 – August 22) - Your dreams and wishes are currently highlighted

by Venus’ energy. This means a seemingly innocent, coincidental introduction can turn into an important relationship. Your contact list is chock full of influential people and right now you can expand it. Your professional life can see major improvements based on your association with the right people.

SAGITTARIUS (November 22 – December 21) - For you love usually hits you like Cupid’s arrow; unexpectedly and instantly. One minute you’re going about your business and the next you are head over heels. The universe however, can’t be in control of everything concerning your love life and you need to step up and take a more active role in order to get what you want.

TAURUS (April 20 – May 20) - In a few days love goddess Venus will transit to your sign shedding love light on your life. It is possible to connect with someone over this period who meets your qualifications for a partner. Just remember before you can welcome a new love into your life you must have your emotions squared away regarding a previous partner.

VIRGO (August 23 – September 22) - Your personal and professional lives are buzzing with activity right now. A time management strategy or task schedule can be of great use to you through this hectic time. Allot a specific amount of time to each activity and stick to that time frame. Use your energy for action and avoid stressing over what you can’t control.

CAPRICORN (December 22 – January 19) - Your biggest job right now is to have faith that you’ll get what you want. The second you give up hope you remove the energy needed to fulfill your dreams and accomplish your goals. Positive, hopeful and optimistic outlooks will generate more momentum toward your cause. Every day may not be perfect, but if you look hard enough you will see a silver lining.

CROSSWORD puzzle

CIRCLE A WORD dental work

ache baby bonding brace bridge brush cap care

cavity check clean coat colour crown cuspid

dentist diet disease drill false filling fix

across 1.Expression of regret (7) 7.Rapidity (5) 8.Caution (7) 9.Mendicant (6) 11.Slightly drunk (5) 13.German composer (4) 14.Pilot (7) 15.Symbol for Leo (4) 16.Singer, Wynette (5) 17.Andi, TV presenter (6) 21. Boxer’s attendants (7) 22.Wavy (5) 23.Complain (7) DOWN 2.Steal another’s ideas (10) 3.Touch judge (8) 4.Ben, Treasure Island character (4) 5.Roast (4) 6.Antlered animal (4) 9.Popeye’s arch enemy! (5) 10.Famous Greek Mathematician (10) 12.California, Beach Boys song 13.Prison escape (5-3) 19.Brook (4) 20.Nobleman (4)

Answers for yesterday (April 11, 2013)

ACROSS: 1.Talking, 5.Delhi, 8.Ore, 9.Mecca, 10.Spats, 11.Lines, 12.Telly, 14.Evade, 15.Spur, 17.Death, 20.Treat, 22.Ugly, 23.Alien, 24.Heron, 27.Dirge, 29.Ember, 30.Astir, 31.Elf, 32.Tread, 33.Tadpole DOWN: 1.Tempt, 2.Local, 3.Italy, 4.Gown, 5.Dessert, 6.Leakage, 7.Inspect, 13.Eye, 16.Pal, 17.Dearest, 18.Amiable, 19.Hundred, 21.Ado, 24.Heard, 25.Ratio, 26.Nerve, 28.Raft

BusinessDaily

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Power...

from page 1 requested not to be named as he was not authorized to talk about it to the media.

A mong t he DUs t hat contracted power from TSI’s coal plant are AboitizPower subsidiaries Davao Light and Power Co., and Cotabato Light and Power Co., electric cooperat ives Surigao del Sur Electric Cooperative II, Misamis Occidental 1 Electric Cooperative, Cotabato Electric C o op er at ive a nd Su lt a n Kudarat Electric Cooperative, Business Daily learned.

“We are greatly honored by this trust of our customers and we will continue to work hard to build a world-class power plant that the people of Mindanao will be proud of,” said Benjamin A. Cariaso Jr., TSI president and chief operating officer.

According to Cariaso, t he coa l pla nt is par t of AboitizPower’s P35 billion investment for additional capacity to solve the Mindanao power crisis.

Bobby Orig, AboitizPower f i r s t v ic e pre sid e nt for Mindanao Affairs, said the other day that f no new power plants will go online to bridge the ever-widening power gap in the island, major urban centers in the southern Philippines will plunge into darkness by 2014.

Orig said the Mindanao power deficiency is projected to reach 484 MW, which is enough to power five major cities.

“The power situation in Mindanao is very bad. But it will worsen next year as our power deficiency is expected

to reach 484 megawatts. That deficiency is enough to power five major cities in Mindanao,” he said.

W i t h ou t s p e c i f i c a l l y identifying these cities as the ones that will suffer in 2014, Orig said the 484 MW power deficiency in 2014 is like taking power out of such cities as Davao, General Santos, Butuan and Zamboanga, including this city — practically all corners of the southern Philippines.

These cities, except Cagayan de Oro, are currently suffering rotational brownouts.

Italpinas... from page 1

tree growing activity with HFH Philippines as part of our commitment to promote a sustainable lifestyle,” said Romolo V. Nati, Italpinas cha irma n a nd president.

“Beyond constructing the first real green building in Northern Mindanao with Primavera Residences, we wish to share our advocacy for a sustainable lifestyle with other like-minded organizations like HFH Philippines and their home partners who were victims of Sendong.”

“This is part of our mission to create a safe, clean and green environment,” said Melva B. Gontinas, ComDev / Partnership Building, HFH Philippines. HFH Philippines has constructed permanent concrete houses for its home pa r t ners a f fec ted by t he Tropical Storm Sendong flash flood in the two sites. “This is just a beginning, we will continue with the advocacy of growing trees for all HFH Philippines construction sites for a safe, clean and green

environment that is resilient from man-made and natural calamities.”

O n e h u n d r e d (10 0 ) fruit bearing seedlings of f ive varieties (Rambutan, Nangka, Guyabano, Marang and Mango) requested by the home partners were provided

by Italpinas under its Social Responsibility Project dubbed “Go Green, Plant a Tree”, said Gladys Ivy M. Echano, Italpinas Sales and Marketing Director.

Some 30 of Italpinas’ office staff, accredited brokers and their sales personnel joined the HFH Philippines CDO team for the whole day activity.

“We wish to invite other organizations who advocate a sustainable lifestyle to join forces with us so we can share our vision for clean and green living not only within Uptown Cagayan de Oro but in other areas as well,” said Mr. Nati.

Villar...

from page 1 Society of Active Leaders Tr a nsfor mat ion (SA LT), Phi lippi ne Eva ngelica l Net work (PEN) a nd t he Philippine Baptist Church, in a joint manifestation, strongly endorsed Mrs. Hanep Buhay Cynthia Villar for senator “because of her heart .“ “We hop e d t hat t h i s expectation will be met,” Pastor Dazo stressed.

For his part, Pastor Genesis Udang of Lapasan Baptist Church, said Mrs. Villar is more of a statesman than a politician.

“When you say a statesman, she moves forward for the next generation while a politician moves forward for the next election,” Udang said.

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Photo by QUEENIE FAELNAR, Liceo U MassComm Intern

Nailfiles opens in Oro

By Christine H. Cabiasa, Chief of Reporters

Kagay-anons can now taste a different ambiance and experience on hand and foot spa as Nailfiles signature opened its 16th branch in the city, April 10 at the 2nd level of Robinsons, Limketkai Center.

“Nailfiles offers the basic approach in the kind of pampering that we give. Our services are not based on technology or on the latest craze in the market but on touch therapy”, Anya BenaldoTan, owner said.

Nailfiles started in Quezon City on March of 2008 and catered men and women of 14-60 years old who needs pampering that is simple, unhurried, no fuss, very relaxing, and very affordable then built its second branch at Katipunan in which most of their customers are students of Ateneo, Miriam College, and UP.

“Our ambience is soothing, dim lighted, we play soft music and of course aroma therapy, the kind that would make you doze off to sleep”, Mrs. Tan replied when asked what makes them different to other foot spa outlets.

Nailfiles Cagayan de Oro is the first in Southern Philippines.

The initiative started when Daiana Menezes (an endorser of NailFiles) who has made the city her new home, misses her Nailfiles family when she’s here.

Thus, she and her fiancée’s sister then came up with the concept of putting a branch in the city.

“Like what we always say, if you want to have a manicure, you can have it anywhere but if you want to relax while having your mani and pedi, you come to Nailfiles, there’s no place else”, Mrs. Tan said.

LICEO U now offers Bachelor Of Music The university is always known to be a staunch advocate of culture and the arts.

To continue this commitment to develop and promote artistry and creativity among the Filipino youth, Liceo de Cagayan University now offers a degree in Bachelor of music with two majors (Major in Performance and Major in Pedagogy) starting Academic Year 2013-2014.

The Bachelor of Music Major in Performance include piano, flute, and composition.

This school year, the faculty is composed of talented and world-class artists such as concert pianist Rudolf Pelaez Golez, German flutist Prof.

Ulrich Mueller Doppler and Prof. Charles Abing, a music pedagogue and composer.

Those who would like to

pursue a career in music either as performers or music educators are welcome to enroll. Please bring with you the following: High School Report Card (Form 138), Certificate of Good Moral Character, NSO Authenticated Birth Certificate and 2x2 ID Photo. Additional requirements for transferees: Transcript of Records (TOR) and Honorable Dismissal.

This exciting development is a welcome addition to the more than a hundred courses being offered in one of the premiere autonomous universities in Mindanao. Other new courses being offered include Doctor of Medicine, Doctor in Health Care Services Administration (DHSA) and Master in Management Major in Hospitality & Tourism Management (MMHTM).

For more information, please call the University Registrar at (088) 8584093 to 95 local 217 or visit Liceo de Cagayan University located at Rodolfo N. Pelaez Boulevard, Kauswagan, Cagayan de Oro City.