up to 15% discount on downpayment downpayment-up to 12-24 months to pay balance payable in 10 years @ 10% flat rate
BusinessDaily CREDIBLE
Volume III, No. 211
Market Indicators As of 5:56 pm may 12, 2013 (Sunday)
FOREX
PHISIX
US$1 = P41.12
7,262.38 points
X
26 cents
67.95 points
X
Briefly
RELIABLE
Cagayan de Oro City
Monday
Army on guard THE 4th Infantry “Diamond” Division vowed to make today’s elections safe, peaceful and successful. Barely two weeks from his assumption last 26 April 2013, Brigadier General Ric ard o R Visaya AFP, General Officer-In-Charge of 4ID already led this Army’s Division into new strategies in maintaining peace and security in the region which resulted to commendable accomplishments. S i n c e 28 A p r i l , t h e Diamond Troopers already initiated 13 encounters in compare to one by NPA rebels. These government initiated encounters resulted to the recovery of five high-powered firearms (1-AK47, 1-M16, 2-M14, 1-Ingram machine pistol); five low-powered firearms (4-shotguns and 1-.38 cal. Pistol); hundreds of ammunitions in different calibers; 2 NPA surrendered and one NPA killed.
P15.00
May 13, 2013
DOE: Unhampered power assured in today’s polls
Veterans’ welfare IN support of Marikina City’s ordinance creating a City Veterans Affairs Office, the Veterans Federation of the Philippines (VFP) encourages all local government units to create a similar bureau that will take care of the needs of all of our veterans and their surviving spouses and families. The local government of Marikina has passed Ordinance No. 9 series of 2013, known as “Ordinance creating the City Veterans Affairs Office (CVAO) in compliance with Article 16, section 7 of the Philippine Constitution stating that the state shall provide immediate and adequate care, benefits, and other forms of assistance to war veterans and veterans of military campaigns, their sur viving spouses and orphans. “What Marikina has done is a good example of how we should take care of our veterans”, said Atty. Ed Pilapil, former president of VFP- Sons and Daughters Association, Inc.
IN-DEPTH
By IRENE DOMINGO and CHRISTINE CABIASA, Reporters
A
S Filipinos troop to the voting centers today to cast their votes, fears that power disruptions may hamper the midterm elections are also cast away, with the Election Power Task Force led by the Department of Energy (DOE) made an assurance that there is enough power supply and that contingency measures are also in place.
P100 A VOTE? An unidentified man distributes P100 bills with a small paper bearing the name of a politician in Barangay Luna in Surigao City few days before election. Mayoral candidate Christopher Bonite, whose name was printed on the paper accompanying the bills, has denied sanctioning the act in an interview with MindaNews. mindanews photo by roel catoto
Energy Secretary Carlos Jer icho L . Pet i l la, i n a statement yesterday, said the country have substantial and stable power supply for the entire election period. Petilla said the maintenance of power plants were completed just in time for the Election Day adding that standby plants are ready to provide uninterrupted power during as well as a
few days after the polls. He said t he Election Power Task Force has also made an inventory of all the precincts in the country and the corresponding supply availability for each. T he E le c t ion Power Task Force has designated command centers within Nat iona l Gr id C or p of the Philippines (NGCP) Polls/PAGE 11
Nene to Oca: ‘You are our sunshine’ By BONG D. FABE, Associate Editor
“I SEE trees of green, red roses too; I see ‘em bloom for me and you. And I think to myself, what a wonderful… Cagayan de Oro!” Ending on a high note, Governor Oscar Moreno’s rendition of the song by Louis Armstrong, “What a Wonderful World” perfectly captured Team Oca’s mission for t he Cit y of Golden Friendship—to make it a wonderful place to live now and for generations to come. Before Moreno took the stage at the jampacked Pelaez Sports Complex, Centrist Democratic Party’s (CDP) reelectionist Rep. Rufus
Candidates who are winners even before today’s elections
Rodriguez set the tone when he itemized some of the “sins” of their political rival, reelectionist Mayor Vicente “Dongkoy” Emano, who is largely blamed for making the city not a conducive place to live and do business in. According to Rodriguez, Emano’s 15 years at City Ha l l were wasted years as it did not produce a single improvement in the delivery of badly-needed basic services, such as for education and health. He said that Emano and his “puppies (itoy) at the City Council opposed” his bill establishing the City Public
College as well as his bill nationalizing the JR Borja (City) Hospital. “It is the character and attitude of that man Dongkoy Emano and his puppies at the City Council to oppose ever y t hing t hat did not originate from them,” he said. The City Council’s reason of not having enough funds for the salary of the teachers which is why it opposed the establishment of the City Public College was “very flimsy.” “Dongkoy Emano does not want our children to nene/PAGE 11
By CAROLYN O. ARGUILL AS MindaNews
DAVAO City – Six governors, four vice governors, three winners/PAGE 11
J.P. RIZAL - CRUZ TAAL STS., (NEAR SHANGHAI BAKERY) DIVISORIA, CAGAYAN DE ORO CITY
Children of Indigenous Peoples (IPs) from Impasugong, Bukidnon who are A Brown scholars.
Oil palm industry gives out scholarships to IP children (Last of three Parts) By CHRISTINE H. CABIASA, Reporter
TO belie claims that oil palm industry destroys the source of livelihood of i nd igenous peoples (IPs) and leaving them destitute, A Brown Energy Resources Development Inc., (ABERDI), a leading industry player in Mindanao, said t he compa ny has,
instead, providing tribal communities their source of living and even financially supporting their families and sending their children to schools as scholars. Brian Sanugan Camahay, a 24-year old incoming fourth year Public palm/PAGE 11
Editorial and advertising email : businessdailymindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776