BusinessDaily Mindanao (May 2, 2013 Issue)

INSIDE LOOK

Carmakers not ready for Asean integration

Pinoys urged to invest in the stock market

Fish production in Normin drops in 2012

Citihome conducts 2nd fun run

PAL expands, kicks-off 12 new routes

BusinessDaily Economy

Motoring

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PHISIX

US$1 = P41.15

7,070.99 points

1 cents

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42.64 points

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Briefly Palm oil benefits THE Philippine Palm Oil Development Council Inc. (PPD CI) d i s c u s s e d t h e economic progress brought about by planting and exporting palm oil and its health and environmental benefits in the recently concluded 8th National Palm Oil Congress here.

Dr. Pablito P. Pamplona of PPDCI answered some concerns regarding the effect of palm oil plantations in the environment.

He said as opposed to the belief that palm oil causes floods during the rainy season, the truth is, it adds more life to the earth and makes the environment healthier, livable and sustainable.

A study shows that it reduces daily temperature fluctuation and maintains high relative humidity. It also helps mitigate climate change through high biomass production and storage of high amounts of carbon dioxide in the soil, higher than those of trees in virgin forests.

Sawmills closure THE lower demand for sawlogs brought about by closure of some wood processing plants has affected the total volume of sawlogs produced in Region 10 during 2012.

Repor ts gathered by the National Economic and D eve l o p m e n t A u t h o r i t y (NEDA) from the Department of Environment and Natural Resources (DENR) Regional Office 10 show that the total annual production of sawlogs in the region decreased by 63 percent in 2012 compared to the production volume of 29,862.18 cubic meters in 2011.

These plants could not renew their permits as they failed to satisfy the requirement of Executive Order (EO) No. 23 for wood processing plants to present proof of sustainable sources of legally cut logs for a period of at least five years, said Engineer Cecilio Y. Clarete, NEDA-10 Chief Economic Development Specialist, in a media forum held recently here.

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ADB WARNS ASIA:

Change energy use or suffer consequences

T

By BONG FABE Associate Editor

HE Asian Development Bank (ADB) has warned that unless the Asian region overhauls its energy use and detours from the dangerous and unsustainable energy path the continent is following, it will undermine the so-called Asian Century Growth scenario as it will effectively put a wedge in energy access between the rich and poor as well as open up the region to environmental disaster of the magnitude never seen before.

In its 317-page Asian Development Outlook 2013, the ADB underscored the need for Asian countries to deliver energy to all its citizens while scaling back its reliance on fossil fuels.

Asia must change the energy/PAGE 11

The Asian Development Bank urges Asian countries to change the way they consume energy and start using clean energy or suffer the human, economic and environmental consequences. (Inset) Most of the energy used worldwide today comes from fossil fuels. Other sources include nonhydropower renewable energy such as solar, geothermal, and wind power.

Solon bats for duty-free DOE has got wrong numbers for solar shop at MisOr airport

By MIKE BAÑOS Editor-at-Large

By CRIS DIAZ, Sub-Editor

REP. Rufus Rodriguez, 2nd District of Cagayan de Oro City, on Monday lobbied for the establishment of a duty free and tax-free goods at the soon to be opened airport in Laguindingan, Misamis Oriental.

Rodriguez, in a Regional Advisory Committee (RAC)

meeting with the Regional Development Council-10, submitted Resolution No. 16 (s. 2013), requesting the Civil Aviation Authority of the Philippines (CAAP) for the sale of duty free and tax-free goods at the Laguindingan airport in Misamis Oriental. solon/PAGE 11

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

THE Department of Energy apparently has got its figures wrong about solar energy causing power rates to shoot up in Mindanao.

POLL WATCH

In a recent media report, Energy Sec. Carlos Jericho L. Petilla was quoted as saying solar power may do more harm than good for Mindanao because it could cause electricity rates to

shoot up.

W hen asked why government was turning to diesel-fired modular gensets instead of solar power to address the Mindanao power solar/PAGE 11

ADVERTORIAL

Villar gets another religious backing FORMER Las Pinas Rep. Cynthia Villar got another boost in her senatorial bid after she was endorsed by the Catholic Conscience Vote Phils. (CCVP), an equipment of prolife, pro-family charismatic communities and organizations.

In a meeting, the CCVP’s SecretaryGeneral Antonio Ag. Medina said they decided to back her candidacy due to her villar/PAGE 11

VILLAR GETS RELIGIOUS BACKING: Mrs. Cynthia Villar receives blessing from Fr. Leonardo Polinar, head of National Shepherd Servant Communities, after she was officially endorsed by the 1.7 million-strong Catholic Conscience Vote Phils. (CCVP) as one of their senatorial bets in May 13 elections.

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Fish production in Northern Mindanao drops by 2% in 2012

By Apipa P. Bagumbaran

CAGAYAN DE ORO CITY-- Fish production in Northern Mindanao went down by almost two percent last year to 153,644.20 metric tons in 2012, compared to that of 2011.

Reports gathered by the Nationa l Economic and Development Aut horit y (NEDA) from the Bureau of Agricultural Statistics (BAS) in t he region show t hat the decline in commercial and municipa l f isheries contributed to the negative performance of the fisheries sector.

Commercial f isheries dropped by nine percent, from 39,853.61 metric tons in

2011 to only 36,205.35 metric tons in 2012 while municipal f isheries went dow n by almost three percent from 43,128.28 metric tons to 42,073.26 metric tons.

E ng i ne er C e c i l io Y. Clarete, chief economic development specialist of NEDA-10, said the drop in commercial fisheries was greatly attributed to the occurrence of southwest monsoon a nd t he d r y-

dock i ng of f ive f ish i ng ve s sels i n Su lt a n Na ga Dimaporo in La nao del Norte.

He sa id t here was also lesser appearance of some species while three commercial fishing vessels were under repair in Misamis Occidental during the fourth quarter of 2012.

On the other hand, the slowdown in the municipal f isheries was due to the destruction of some fishing boats in Lanao del Norte w h ic h w a s a f fe c te d by t y phoon Pablo, Cla rete further said.

DOLE-12 to put up advocacy corners in schools

By Allen V. Estabillo

GENERAL SANTOS CITY — In a bid to promote better awareness among students regarding its programs, the Department of Labor and Employment (DOLE) in Region 12 is set to establish advocacy corners in various

schools in the region.

Ofelia Domingo, DOLE12 regional director, said Tuesday they are set to sign an agreement on Wednesday with the Department of Education (DepEd) and the Commission on Higher

Education (CHED) in Region 12 to facilitate the opening of the advocacy corners.

She said the advocacy corners will mainly feature e s s e nt i a l i n for m at ion , highlights and updates on major programs, services and

advocacies of DOLE and its attached agencies.

“We’re looking at building awareness this early among st udents rega rd i ng ou r initiatives and guide them when they need our services later on,” Domingo said.

The of f icia l said the advocacy corners will be established initially in selected secondary schools, technicalvocat iona l inst itut ions, colleges and universities in parts of the region.

Region 12 comprises the provinces of South Cotabato, Sultan Kudarat, Sarangani a nd Nor t h Cotabato as well as the cities of General Santos, Koronadal, Tacurong,

Kidapawan and Cotabato.

She said they will be ma i nt a i ned by DOL E’s at t ache d a genc ie s t hat compr ise its reg iona l coordinating council (RCC).

The RCC is a cluster of DOLE’s attached agencies composed of the National Conciliation and Mediation Board, Overseas Workers’ Welfare Agency, Philippine O ve r s e a s E mp l oy m e nt Administration, National Labor Relations Commission, Professiona l Regulator y C om m i s sion, Re g iona l Tr i p a r t i t e Wa g e s a n d Productivity Board and the Technical Education and Skills Development Authority.

DOLE ser ves as lead agency of the RCC, which was created to ensure the proper implementation of laborrelated initiatives and help member-agencies become more “responsive to the fast changing work environment and the development needs of workers, managers, employers and would-be members of the labor force.”

Domingo said they will sign the memorandum of ag reement w it h DepE d and CHED and launch the advocacy corners following the formal opening of the Labor Day activ ities in the region on Wednesday morning in nearby Koronadal City.

The Labor Day activities i nclude a gat her i ng of employee groups and labor unions at the South Cotabato Gymnasium and Cultural Center in Koronadal City as well as job fairs in five venues in the region.

The scheduled job fairs will be held at the South Seas Mall in Cotabato City, Kidapawan City Gymnasium, Tacurong City Gymnasium, KCC Mall of GenSan’s Events and Convention Center and at the SM City General Santos.

Domingo said a total of 10,596 local and overseas job opportunities will be opened to local job seekers by around 200 companies and job placement that signified to join the job fairs.

During the job fairs, D O L E -1 2 w i l l o p e n registration desks for house helpers or “kasambahays” and orient them regarding the provisions of Republic Act 10361 or the “Kasambahay” Law. DOLE-12 will release some livelihood packages while TESDA will hold skills demonstration and free certification assessment for residents who have completed National Certification (NC) 2 trainings.

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Chrysler first-quarter profit drops by 65% CHRYSLER Group reported a 65 percent drop in firstquarter profit Monday, citing the cost of new product launches and weaker sales in Europe and Latin America.

“The best way to look at this is a one-time event. Just close your eyes, plug your nose and move on,” said Sergio Marchionne, chief executive officer of Chrysler and its Italian partner Fiat.

The bulk of the profit drop came from reduced shipments as Chrysler ceased produc t ion of t he Jeep Liberty and retooled its plants to build the refreshed Jeep Cherokee, Grand Cherokee and Dodge Ram pickup truck, Marchionne said.

Chrysler, which came under Fiat’s control after emerging from a governmentbacked bankruptcy in 2009, has a lso been investing heavily in upgrading its long-

neglected assembly plants.

“We were hoping, to be honest, we’d do somewhat better than this,” Marchionne said in a conference call.

“The only thing I find truly encouraging is we were still a consistent cash producer.”

C h r y sler posted ne t income of $166 million for the first three months of the year, down from $473 million in the year-earlier period. Net revenue fell 6.0 percent, to $15.4 billion.

The t hird largest US automaker said it was still “on target” to meet its fullyear net earnings target of $2.2 billion dollars, on revenue of $72-75 billion and worldwide shipments of 2.6 to 2.7 million vehicles. “ We r e c o g n i z e t h e amount of pressure that’s in the system to deliver our profit/PAGE 7

Motoring

BusinessDaily

3 Carmakers not ready for Asean integration THE Philippine government should put in place a “clear policy direction” for the domestic automotive industry within the year to help the sector compete with its Asean peers when the region’s economic integration happens in 2015, the Chamber of Automotive Manufacturers of the Philippines Inc (Campi) said on Monday.

During a forum on Asean integration organized by the Management Association of the Philippines (MAP), Ca mpi president Roque Rommel T. Gutierrez said the country has lagged behind neighboring countries in preparing their respective auto sectors for the free-flow of goods within the region.

“Ot her Asea n auto i ndust ries have ta ken measures to ensure t hat t hey w ill remain a significant player in the region even before the full implementation of the zero CEPT in 2010,” Gutierrez said.

C E P T re fe r s t o t he common effective preferential tariffs, which are the duties imposed on commodities traded among members of the Asean Free Trade Area (AFTA).

Gutierrez cited Thailand’s introduction of a program for the eco-car — its ‘second product champion’ — in 2007, Malaysia’s ‘new automotive

policy’ introduced in 2009 and took effect in 2010, as well as Indonesia’s ‘indigenous car scheme’ introduced in 2010.

The latest Asean Automot ive Federat ion (AAF) data showed that at end-Februar y, 11,551 vehicles were assembled in the Philippines — a far cry from Thailand’s over 465,000, Indonesia’s more than 198,000 and Malaysia’s over 97,000. Thailand and Indonesia export cars to the Philippines.

“It would appear that the other Asean auto production bases are relatively more prepared compared to the Ph i l ippi nes. Given ou r current position in Asean, it will be very difficult to compete for investments,” Gutierrez said.

“We believe t hat t he Comprehensive National

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Industry Strategy will help the Philippines improve its competitive position in Asean,” he said, referring to the industry roadmaps submitted by the private sector to the Department of Trade and Industry (DTI) aimed at strengthening the country’s manufacturing sector.

Campi has raised concern over the delay in the approval and implementation of these roadmaps. For one, the DTI’s Board of Investments (BOI) had pushed back the release of the auto industry roadmap to a few more mont hs, citing the need to secure the Department of Finance’s (DOF) imprimatur on the proposed tax incentives for carmakers.

The DTI had said tax and other perks should be given only to those companies

that produce for exports, but ex isting assemblers complain that they cannot compete with other Asean manufacturers without a strong domestic base.

Such was the case of Ford Philippines, the country’s lone exporter of vehicles before it shut dow n its manufacturing operations due to, among other concerns, the small domestic market.

Even with a population of a l most 10 0 m i l l ion, automakers sold only less t h a n 2 0 0 , 0 0 0 ve h i c le s in the country last year.

Compounding the assemblers’ situation is the persistence of smuggling and the continuous entry of second-hand vehicles — something forbidden in other Asean countries.

Gutierrez told reporters t h at t h e B OI re c e nt l y informed auto industr y players that the DOF is averse to granting income tax holiday (ITH) under the 2013 Investment Priorities Plan (IPP).

While fiscal and nonf i s c a l i nc e nt i ve s he lp, these are not the end-all that potential investors are looking for, he said.

“There must be a clear policy direction. Are we still intent on manufacturing or retailing na lang?” Gutierrez said. carmakers/PAGE 7

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CdeO, Misamis Oriental records high foreign tourist arrivals in 2012

STUCK IN THE MUD. The muddy road in Kilometer 90 in Carrascal town, Surigao del Sur is simply too much for this bus that got stuck in it on Saturday, April 27.

mindanews photo by roel catoto

Cagayan de Oro City- The Cagayan de Oro-Misamis Oriental cluster has recorded high foreign tourist arrivals among other clusters in Northern Mindanao for 2012.

The National Economic Development Aut horit y (NEDA) 10 with reports from the Department of Tourism (DOT) revealed that in the region, 74% of the 61,113 foreign tourists or 45,224 visited Cagayan de OroMisamis Oriental last year followed by Camiguin with 9, 389 foreign tourists and

Ozamiz-Tangub-OroquietaMisamis Occidental cluster, 3,083.

Meanwhile, DOT director Catalino E. Chan III said that Northern Mindanao, in which Cagayan de OroMisamis Oriental is part, is the most favorite destination of foreign tourists with 1,709, 752 foreign and domestic tourists in 2012.

The same data showed that the top five foreign markets of the region are from Indonesia with 257 tourists; Japan, 6,767 tourists;

Spain, 603 tourists; China, 4,485 and Malaysia, 671 tourists which registered also the highest increase of around 145, 129, 113, 73, and 67 percent respectively.

Mea nwhi le, Director Chan said that in 2011, the Cagayan de Oro-Misamis Oriental cluster only placed second after Bukidnon with 26,550 or 31.71 percent of domestic and foreign tourists.

However, t he overa l l tourist arrivals in the region went down by 11 percent records/PAGE 11

Citihome Home Owner’s Association conducts 2nd Fun Run

By Christine H. Cabiasa

Aimed at promoting healthy living among the residents, t he Pa g-I BIG Cit i home Home Owner’s Association conducted their 2nd fun run activity on May 1 at Citihome, Brgy. Malanang, Opol.

M r. M a r k P a c a m o , committee chair said that as they value their health, they care for life that’s why they give time for fun runs.

“Health is wealth, wealth is health”, he added.

Two categories were set for the runners, the 1km (children) and 3km (adults, men and women) trails. For the 1km, Aljhon Boborol, Jasper Auguis, and Vincent Payo got the first, second, and third place respectively.

Meanwhi le, on t he 3k m (women), w i n ners were Hermely Inicial, Grace Villa, and Emelrita Maghuyop and in the men category,

Marl Al Albarez, Michael Consigna, and Ramer Ucab landed first, second and third respectively.

“First time ko nag apil

ani ug nalipay ko kay ako maoy na f i rst ”, A ljhon Boborol, first place children category expressed.

“We look forward for

Participants and committees striked good morning smiles during the Citihome’s 2nd fun run activity on May 1.

photo by christine cabiasa

next year’s fun run, we hope this built friendship also among the home owners here in Citihome”, Pacamo said.

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Money supply grows amid double-digit rise in bank loans

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Pinoys urged to invest in the stock market

THE country’s money supply grew at a quicker pace at the close of FILIPINOS shou ld ta ke the first quarter amid the double-digit increase in bank lending, the advantage of the robust economy by investing on Bangko Sentral ng Pilipinas (BSP) said on Tuesday.

In a statement, the BSP said domestic liquidity (M3) expanded by 11.4 p e r c e nt y e a r- o n -y e a r last month, faster than the 9.4 percent increase last Febr ua r y. Mont hon-month, liquidity also rose 1.5 percent from the 0.2 percent over the same period.

Fueling money supply growth was the 20.4 percent growth in net domestic assets in March, faster than the 16.5 percent increase the month before.

Net domestic assets growth in turn stemmed from the increase in bank lending to both the private and public sectors. Private sector borrowing rose 12.7 percent, while credits to the public sector increased 12.3 percent.

In a separate statement, the BSP said commercial banks lent out 14.2 percent more money last month, down from the 15 percent in Februar y. Including overnight placements at the BSP, commercial loans increased 14.7 percent in March, slightly faster than the 14.5 percent the month before.

Loans for production and consumption however slowed last mont h.

Production loans, which comprised fou r out of every five pesos lent out,

increased 14.2 percent, slower than the 15.1 percent in February.

Dr iv i ng produc t ion loans were the real estate; financial; transportation a nd c om mu n ic at ion s ; trade; and electricity, gas and water sectors.

Consumer loans also i nc re a s e d at a slower pace of 10.8 percent last month from 11.9 percent in Februar y, as grow th eased across all categories of credit to the household sector.

The BSP has kept its policy rates at record lows of 3.5 percent a nd 5.5 percent for the overnight

borrowing and lending windows, respectively, as it forecast inflation this year to ease to 3.2 percent, or at the lower end of its 3-5 percent target range.

The central bank also brought down its special deposit rates (SDA) by a combined 150 basis points to a record two percent, as it hopes to flush out money parked in the facility and encourage banks to lend out more for productive activity.

The government is a i mi ng to g row t he economy by 6-7 percent this year, sustaining last year’s record 6.6 percent.

the booming stock market, online stock broker COL Financial Group,Inc. said in a statement on Tuesday.

COL Financial president and chief executive Conrado F. Bate advised individuals to consider joining the stock market as part of their efforts to ensure their financial wellness. “A richer life -- this is what we all aspire for. As we continue to live longer, we need to make sure we have the means to support our lifestyle not only for today, but through the course of our lives, even after retirement,” Mr. Bate was quoted as saying in the statement.

He said financial wealth ca n be bui lt over time, ma k i ng it essent ia l for Filipinos to start investing as early as possible. Mr. Bate said the stock market is still

arguably the most rewarding investment place. In over a period of 27 years, the Philippine stock market has had a positive return in 19 out of the 27 years. “The stock market in general will always deliver long-term returns, just as the economy eventually advances after trying times. So if you set aside money for the long

term, you’ll potentially reap superior returns on stocks -which will help you achieve your financial goals,” Mr. Bate said.

“With the low interest rates offered by savings and time deposits, investing in the stock market makes more sense as it gives you better returns over a period of time,” invest/PAGE 7

Deutsche Bank raises $3.9B in capital hike DEUTSCHE Bank, Germany’s biggest lender, said Tuesday it raised 2.96 billion euros ($3.9 billion) in fresh capital after placing 90 million new shares with institutional investors at a price of 32.90 euros a piece.

“Today, Deutsche Bank AG placed 90 million new shares with institutional i nvestors by way of a n accelerated book bu i ld offering,” the group said in a brief statement.

“The placement price is 32.90 euros per share. The aggregate gross proceeds amount to 2.96 billion euros.

The purpose of the capital increase is to strengthen the equity capitalization of the bank,” the statement said.

D e ut s c he B a n k h a d announced late Monday that it was planning an issue of new shares to strengthen its fou ndat ions i n l i ne with tougher international banking criteria.

The issue would raise the bank’s core Tier 1 capital ratio from 8.8 percent to around 9.5 percent as socalled Basel 3 rules require banks to boost their capital buffers to protect against possible future shocks to the global financial system.

Deutsche Bank’s shares soared by more than 7.0 percent on the news of the capital hike and a sharp rise in first-quarter profits. hike/PAGE 7

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DANTE M. SUDARIA Publisher ROSE MARY D. SUDARIA, Ph.D. Manager

NELSON CONSTANTINO Editor-in-Chief

CHENG ORDOÑEZ Executive Editor

BONG FABE

Associate Editor

ALLAN MEDIANTE Managing Editor Shaun yap uy Section Editor

Ruel Pelone

CHRISTINE CABIASA

cris panganiban

CLIFFORD SANTILLAN RONALD B. MASTAIL

Online editor

Regional Editor

Cris diaz mike baños butch enerio Sub-Editors JOE DEL PUERTO FELICILDA URIEL C. QUILINGUING Editorial Consultants

Copy Editor

Layout Artists

Crystaline pino Advertising

DOLLY PELONE Comptroller

Above the law

hink a minute…Does a thief steal because he’s a thief?

Or, is he a thief because he steals?

Studies show that over 80% of criminals who have been in prison and then freed after serving their time are back in prison for the same crime in less than 1 year!

So back to our question: Does a thief steal because he’s a thief? Or, is he a thief because he steals? The answer: he steals because he’s a thief.

We do what we do because of what we are inside.

Jesus said that you and I can still be a murderer even if we don’t murder anyone.

If we hate somebody and wouldn’t mind if someone else killed that person, then we also are a murderer in our heart.

Jesus said that if we lust and desire to have sex with someone who’s not our wife or husband, then we’ve already committed adultery because in our heart we are an adulterer.

Jesus’ way of living is far above the law. It goes beyond just the minimum, small requirements of the law which simply try to keep society civil.

But God did not create you and me just so we would not cheat or steal from our enemy. He designed us to love our enemy.

Jesus knows that if we truly love and care about a A Minute person, then we don’t need a

By Jhan Tiafau Hurst law to keep us from cheating or stealing from them!

W h e n y ou a n d I d o something good to impress and look good in front of others, Jesus sees and judges our wrong heart and motives even for doing those good things.

Jesus wants us to do them because we genuinely love Him and others, not for our own self-centered pride and good image in front of people.

You’re probably thinking: “If Jesus’ commands are that high above the law, then is anyone that good and perfect?!”

Of course not! No one is! That’s exactly why Jesus came: to finally change our heart and character inside.

The law can only punish us for our crime, but it cannot change us on the inside. Jesus came to finally take the dishonest thief out of us, so to speak. hurst/PAGE 7

THINK

ATTY. MARIO T. JUNI Legal Counsel

The BusinessDaily is published by BusinessWeek Mindanao Advertising and Promotions daily with office address at Tanleh Building, Abellanosa, Cagayan de Oro City. It is registered with the Department of Trade and Industry (DTI), Region 10 with Certificate No. 00875701, and with Business Permit No. 2013-10946, TIN No. 946-396-807 – Non VAT. Tel. Nos.: (088)8578447, 745380, 0923-432-0687, 0917-7121424

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Changes in Camiguin’s political scenery seen

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UR condolence to the bereaved family of the ris iaz Romua ldos in t he isla nd province of Camiguin.

The loss of Rep. Pedro “Loyloy” Romualdo, of the Lone Congressional District of Camiguin, the political patriarch of the Romualdos, certainly sent shockwaves to the Camiguinons.

Keeping a n eye on Camiguin’s socio-political and economic development for almost 30 years ‘though never give us a chance to meet and talk with the elder Romualdo.

In the last 26 years, twice I went to Camiguin at the time of Gov. Antonio Gallardo.

No, the provincial government did not invite us to be there. We were in Camiguin as visitors together with my colleague-members of the Cagayan de Oro Correspondence Club then.

The other opportune time was as lecturer of an editorial board of a student school paper there.

The first visit caused an uproar among local government officials when my article about the absence of adequate services in Camiguin, as a tourist destination, saw print in national and local daily newspapers then.

It was a personal account story detailing the inadequacy of the amenities of a supposedly tourist destination island.

Camiguin officials were furious of the negative publicity at the time when tourist officials were promoting the island as a tourist destination.

The article ‘though was not meant to deride or insult the local government. However, it was a revelation for officials to take necessary steps to correct the malady.

I believed Camiguin has moved on since then.

Indeed, when I visited the island for the second time during a lecture assignment, the island so small that some officials knew of my presence.

A young public official was then saying “take care of them, don’t let them feel hungry else Camiguin will land in the newspapers again.”

Of course, the official was just kidding. Again, sorry, we were not there on a junket. diaz/PAGE 7

C

D

Big and beyond

W

HILE we need to be properly engaged with our daily routine of work, usually the ordinary little duties attached to our profession and the other conditions of our life, we should remember that we have to aim also at the real big thing which is our holiness that requires going beyond the prosaic of the here and now.

We need to make this reminder because many of us are falling into complacency and confusion, lost in the flow of daily events and unable to connect to the ultimate goal we all are meant to reach.

In fact, many now think we just have to live from moment to moment, from day to day, denying any importance to any concern for the future and much less to eternity.

Eternal life holds no meaning to many of us. There’s nothing after death. Everything is transitory. Nothing remains forever.

The inquisitiveness of that rich young man who asked Christ, “What good must I do to have eternal life?” is all but gone in the mind and heart of modern man. We seem contented and thrilled only with what we have at hand—the new technologies, fashions, etc.—that appear to capture our dreams and fantasies.

This time-and-earth-bound mentality is actually dramatized abundantly in the gospel. There’s that parable, for example, of a man who in trying to insure his temporal security decided to build larger barns to store his possessions, and said to himself: “Soul, you have much goods laid up for many years. Take your rest, eat, drink and make merry.” (Lk 12,19) The lesson Christ wanted to impart from this parable is the following: “Seek first the kingdom of God and his justice, and all these things (the earthly, temporal and material things we need) shall be added unto you.” (12,31) Christ wants us to make “bags which do not grow old, a treasure in heaven that does not fail, where no thief ap-

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proaches nor moth corrupts.”

(12,33) and Traces We have to get out of this

By Fr. Roy Cimagala time-and-earth-bound outlook, and enter into an exciting adventure that God offers us in his providence, in his abiding governance of his whole creation, in his continuing intervention in our life. It’s an adventure that cruises through time and space but also transcends them to bring us to eternal life and joy.

We just cannot make our life the way we want it to be. We have to live it with God. In fact, only with God would we be able to live our life to the full. Without him, we would be out on a limb, prone to all sorts of danger and harm, inside and outside us.

What this means is that we need to fall in love to be able to connect the material with the spiritual, the temporal with the eternal, the human with the divine. But we have to love with the love of God who is the author, essence, means and end of love. We have to be forewarned of the many fake forms of love we tend to get tricked into.

With this love of God, we can link the small ordinary events of our life to the big and beyond of our earthly life.

And this love of God is none other than obeying God’s commandments. Christ himself said so: “If you love me, keep my commandments.” (Jn 14,15) This indication was precisely reinforced in that episode of the rich young man. Christ told him that to enter into eternal life, he has to follow the commandments. And when the young man said he was doing all the commandments, cimagala/PAGE 7

Color yellow

P

Noy’s irritation of parties, other than his, using the color yellow shows signs of insecurity and the confidence he maintains to be most popular.

While the franchise for being a brat is not necessarily his in his family with this news article at the Manila Bulletin it portrays his absolute authority towards the people.

To secure my place, I have decided to stop wearing yellow colors all together.

I wanted to retain my yellow briefs to secure the colors rightful location but one never knows if one gets incarcerated for owning the color. Deception after all is what traditional politicians resort to.

Look at the Presidential cousin who aspires to be senator by installing a complete make-over to look like his uncle Ninoy.

Is this not deception possibly to the worst degree?

Then there are the wanna-be’s whose dynasties have reigned for decades whose parents have ruled fiefdoms all over the country to the misery of their constituents still at it to pursue if not maintain their fortunes and authority.

Is this not deception?

On another issue also about megalomania, the brilliant chief commissioner has announced as if he is above the law (which is probably true) that all rules and regulations on the AES law will be broken by the Comelec. Similar to the president, this guy feels he is above the law.

SUPER

I can only imagine after the elections between the losers B randing and the winners.

By Harry Tambuatco Should anyone lose, the alternative or option left is to sue the Comelec and most of all - snow white.

A class suit is well under way after all in the Philippine no one loses an election they are always cheated.

Two weeks to go and the charade can cease and the players be gone for good as will be the case for sure.

Why hang around and torture yourself with seeming ingratitude by losers when they have pronounced who they wish the winners to be.

These expectations for sure cannot be directed to the Comelec alone but to whom else – are there other constitutional bodies authorized to stage the elections other than the foreign supplier, Smartmatic?

But wait there’s more -- a group called dominion is the true owner of the election source code software and the Comelec was duped by its outsource.

Was this not a gross violation of the law?

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Invest... from page 5

he further said.

E lea nore Teo, COL’s marketing manager, said investing in the stock market has become more simple now because of the Internet.

“What we wanted to do is help people take control of their investments in stocks by providing direct access to buy and sell stocks online, without having to talk to a broker. It has the same easyto-use interface, just like you would transact online for your bank accounts and even internet purchases,” Ms. Teo said in the same statement.

“And 24 hours a day, seven days a week, you can access your COL account all the time and your account is updated real-time. To ensure that the online experience comes with its persona l touch, customer ser v ice officers are just a phone call away for any support that you may need from your account queries to technical support,” she added.

Realizing that online a c c e s s i s n o t e n ou g h , Mr. Bate sa id COL has committed a substantial amount of resources in their investment education and financial literacy campaigns to make investing simpler and understandable.

He said COL conducts free seminars on the basics of stock investing at its own training center in Ortigas Center, Pasig. “We believe that the stock market is for everybody and we will remain committed to making successful investors out of every Filipino and so that t hey c a n suppor t t hei r lifestyle throughout their lifetime,” he said.

Hike... from page 5

Deutsche Bank shares leapt by 7.9 percent to an intraday high of 35.49 euros in early trading on t he Frankfurt stock exchange but subsequently fell back slightly to show a gain of 6.11 percent.

At t he sa me t i me, Deutsche Bank posted a first-quarter net profit of 1.7 billion euros, a jump of 18 percent from the same period a year earlier.

Co-chairmen Juergen Fitschen and Anshu Jain said in a statement: “We are proud of the achievements of the bank in the first quarter of 2013. We delivered robust financial performance, with substantial profit growth versus the prior year quarter.”

— Agence France-Presse

Profit... from page 3

remaining operating profit is large,” Marchionne said.

S t r o n g US s a l e s i n April show that the market conditions are right for a great second quarter, provided that Chrysler doesn’t fumble the launches of its new vehicles, Marchionne said.

“Really the onus is on us, it’s a question of really being able to execute. If we fail it’s our fault. It’s not the market, it’s not the competition. It’s us,” he said.

M a rc h ion ne i s a l s o focused on acquiring the remaining 41 percent stake in Chrysler. He said Fiat is keeping plenty of extra cash on hand so it can close the transaction “in short order” once a deal is reached.

Fiat is currently in talks with the retiree health care trust fund — or VEBA — which holds the remaining stake in Chrysler. The VEBA has asked for an initial public stock offering and has also sought relief from the courts in hopes of maximizing what Fiat has to pay for its stake.

“I remain hopeful that we’ll find a solution with V EBA t hat meets t hei r o b j e c t i o n s a n d o u r s ,” Marchionne said.

“We need to find a way to reconcile their expectations of value … if they are realistic, then I think Fiat is quite willing to make the effort to try to close it up.”

In t he mea nt ime, Fiat plans to exercise the remaining options which will allow it to obtain a further 16 percent stake in Chrysler in the next 30 months, Marchionne said.

Results in the JanuaryMarch period were a lso ne g at i ve l y a f fe c t e d by “c o n t i n u e d e c o n o m i c weakness in Europe and import restrictions in Latin America,” the company said in a statement.

Wo r l d w i d e v e h i c l e shipments fell 5.0 percent to 574,000 units in the first quarter, due mainly to the end of Liberty production, the company said.

But sales worldwide were up 8.0 percent from a year ago, to 563,000 units, led by a 12 percent jump in the United States.

READ!

Carmakers... from page 3

“[T]i m i ng w i l l be a critical element—policies and strategies should be in place within 2013,” he said.

“The Philippine automot ive i ndu st r y is still optimistic that we can become a regional player by 2015. However, there should be a concerted and dedicated effort to prepare the auto industry for Asean integration,” he said.

www.businessweekmindanao.com

Cimagala... from page 6

then Christ told him to sell all he had and to come, follow Christ.

We cannot exaggerate this need to follow Christ as closely as possible even to the point of leaving behind everything that we have (relictis omnibus). Following Christ would always involve a continuing process of selfdenial. It’s a denial that would leave us increasingly empty of ourselves to fill ourselves more and more with Christ.

This is the love of God that would enable us to properly immerse ourselves in our earthly condition and to transcend it as well to bring

us to our ultimate destination. This is the love that makes the little things of our day big and acquire an eternal value.

God does not want us to get out of this world. He put us here, in the first place. But he wants us to live our life here properly, that is, with love that usually is manifested by offering everything to God and serving others.

Diaz... from page 6

Ever since, I have not met Gov. Gallardo for an interview or anything else.

The next time, I learned that Pedro Romualdo was elected governor of t he province. Romualdo definitely

c h a n ge d t he i m a ge of Camiguin to one of the most visited tourist destinations in Northern Mindanao.

He was elected Congressman while his wife was also elected Mayor of the island’s largest town of Mambajao.

The Romualdo’s started to rule Camiguin’s political playing field with son Jesus Jardin “JJ” Romualdo becomes governor, too.

For 24 years now, the Romualdos lord it over the island province of Camiguin.

According to unconfirmed stories, the media who would visit and write negative articles about Camiguin should be careful else “man eating sharks would feast on

7

them.”

I don’t believe ‘though since I heard that some media people who regularly visit Camiguin pay homage to Gov. Romualdo. Perhaps, they are Romualdo’s favourite drum beaters.

Any way, the death of Rep. Loloy Romualdo would certainly change the political picture of Camiguin come May elections.

Certainly, the absence of the “patriarch” would embolden new breed of politicians to challenge the Romualdos now.

Ca n t he Romua ldos’ maintain their political grip of the island?

React: crisguardian@ yahoo.com

Barangay Patag residents meet Cagayan de Oro City 1st District Rep. Benjo A. Benaldo as the congressman visits their place to campaign for the May 2013 elections. Some of Benaldo’s projects for the barangays have included livelihood programs for the women as well as milk feeding for their children to address malnourishment.

photo by : gerry lee gorit

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Republic of the Philippines PROVINCE OF BUKIDNON City of Malaybalay OFFICE OF THE SANGGUNIANG PANLALAWIGAN EXCERPTS FROM THE MINUTES OF THE 12TH REGULAR SESSION OF THE 11TH SANGGUNIANG PANLALAWIGAN, PROVINCE OF BUKIDNON, HELD ON MONDAY, MARCH 25, 2013 AT THE SANGGUNIANG PANLALAWIGAN SESSION HALL, MALAYBALAY CITY, BUKIDNON. PRESENT: Hon. ALFEO U. BAGUIO, Board Member/Temp. Presiding Officer Hon. JAY S. ALBARECE, Board Member Hon. NEMESIO B. BELTRAN, JR., Board Member/Floor Leader Hon. ROELITO A. GAWILAN, Board Member (Ex-Officio-rep. FABC) Hon. MAGDALINO C. PANDIAN, Board Member (Ex-Officio-rep. IPs) Hon. RANULFO E. PEPITO, Board Member Hon. RAIZA ANGELIQUE D. PORMINAL, Board Member (Ex-Officio-rep. SK) Hon. CLIVE D. QUIÑO, Board Member Hon. GORDON M. TORRES, Board Member

ABSENT : Hon. JOSE MA. R. ZUBIRI, JR. Provincial Vice Governor-on O.B. Hon. RENATO C. CENTILLAS, Board Member – on O.B. Hon. ROLAND F. DETICIO, Board Member (Ex-Officio-rep. PCL)- on O.B. Hon. MANUEL L. DINLAYAN, Board Member – on O.B. Hon. MARIVIC R. MONTESCLAROS, Board Member – on O.B. ORDINANCE NO. 2013-082R(11th SP) (12th Regular Session) AN ORDINANCE AMENDING PROVINCIAL ORDINANCE NO. 95-03, ENTITLED: “AN ORDINANCE CREATING THE BUKIDNON INVESTMENTS AND EXPORT PROMOTION BOARD AND GRANTING INCENTIVES TO INVESTORS AND NEW INVESTMENTS IN THE PROVINCE OF BUKIDNON”, AND FOR OTHER PURPOSES Sponsored by:

Hon. Nemesio B. Beltran, Jr. Hon. Jose Ma. R. Zubiri, Jr.

c.) After due notice, recommend to the Board cancellation or suspension of the registration and the enjoyment of incentives or benefits of any registered enterprise for (1) failure to maintain the qualifications required by this Code for registration with the Board, or (2) for violation of any provisions of this code, of the rules and regulations issued under this Code, of the terms and conditions of registration; d.) Perform any other functions that may be directed by the board.

SECTION 15. Remuneration of the Board and EXECOM. Members of the Board and EXECOM shall be entitled to receive honoraria in their attendance to Board and EXECOM meetings at a rate not to exceed the amount of One Thousand (1,000.00) pesos per meeting and said honoraria shall be paid for from appropriate funds of the Provincial Government.

SECTION 16. Creation of the Bukidnon Investment and Export Promotion Center (BIEPC). The Bukidnon Investment and Export Promotion Center hereinafter referred to as BIEPC shall be headed by a Center Manager with two (2) technical staff and two (2) administrative support staff. The Center will serve as the Secretariat of the Board and the support staff of the EXECOM. In addition, BIEPC shall have the following duties and functions: (a) Undertake pro-active market development and investment & export promotion activities; (b) Serve as one-stop processing and approval center for existing and potential investors and enterprises; (c) Assist in (1) securing licenses and permits, (2) arranging for the availment of local and national government incentives, and (3) identifying business or joint venture partners, raw material suppliers, possible business sites and other requirements of existing and potential investors and enterprises; (d) Establish and maintain data bank on general business information, information on economic activities, available technology, financing sources and other relevant data or information; (e) Network with counterpart investment promotion organizations and coordinate with support agencies of government and the private sector in investment promotions efforts; (f) Build the competence of BIEPC staff to conduct investment and environmental management promotion functions. (g) Provide information on investment opportunities, business procedures, permit requirements, government regulations and other data required by the investor; (h) Assist investors in completing the requirements of government regulatory agencies; (i) Make referrals to relevant government bodies, support organizations, service providers and important contacts; (j) Organize appointments, itineraries and site visits including facilitating arrangements for logistical support; (k) Provide updates regarding major infrastructure projects in the province both existing and planned, as well as other programs and developments that will impact the business environment; (l) Undertake an active advocacy campaign to push infrastructure programs aimed at providing necessary facilities, as well as policy reforms to enhance Bukidnon’s investment climate.

SECTION 17. Funding - The Provincial Government shall appropriate annually the sum of FIVE MILLION PESOS (P5,000,000.00) to defray the expenses of the Board, subject to the usual accounting and auditing rules and regulations.

CHAPTER IV PREFERRED AREA OF INVESTMENT

&

Members of 11th SP Province of Bukidnon EXPLANATORY NOTE

The Sangguniang Panlalawigan of the Province of Bukidnon enacted Ordinance No. 95-03, in 1995, creating the Bukidnon Investments and Exports Board and granting incentives to investors and new investments in the Province of Bukidnon, otherwise known as the “1995 Omnibus Investment Code”.

Admittedly, the said investment code now needs amendments to make it attuned to the changing times.

Along this line, the Bukidnon Investment and Export Promotion Board (BIEPB) has initiated proposed amendments or revisions of the Code since 2011.

Series of trainings and consultative meetings were done by the 22 Local Economic and Investment Promotions Officers from the two cities and 20 towns of Bukidnon, with the technical working group of the BIEPB.

Sometime on February 26, 2013, the BIEPB, chaired by the Provincial Governor, evaluated and approved the output of the 22 Local Economic Investment Promotion Officers and the BIEPB-TWG, for submission to the Sangguniang Panlalawigan, for its consideration and approval.

NOW, THEREFORE, on motion of Hon. Nemesio B. Beltran, Jr. and with the unanimous accord of the Members present, assembled in session:

BE IT ORDAINED, by the Honorable Sangguniang Panlalawigan of Bukidnon, this 25th day of March, in the Year of Our Lord, Two Thousand Thirteen, that: CHAPTER I TITLE AND DECLARATION OF POLICY

SECTION 1. Short Title - This Ordinance shall be known and cited as the Bukidnon Investment and Incentive Code of 2013.

SECTION 2. Declaration of Policy - To accelerate the sound development of the Province of Bukidnon in accordance with the 2010-2016 Medium Term Philippine Development Plan (MTPDP), it is hereby declared to be the policy of the Province of Bukidnon to pursue an environmentally acceptable, sustainable and equitable growth by encouraging investments, both domestic and foreign in primary agriculture, forestry, manufacturing, services, metallic and non-metallic mineral mining, trade and tourism related activities and export of processed and semi-processed products which will utilize substantial amount of raw materials and natural resources of the province, provide employment opportunities, raise the standard of living of the people of Bukidnon and provide for an equitable distribution of wealth.

CHAPTER II DEFINITION OF TERMS

SECTION 3. Board shall mean the Bukidnon Investment and Export Promotion Board created under this Code.

SECTION 4. Bukidnon Investment Grid (BIG) shall mean the strip of land covering three (3) kilometers from each side of the National Sayre Highway from Manolo Fortich to Damulog and the provincial road from Manolo Fortich to Libona and Don Carlos to Kadingilan, and to national road from Maramag to Quezon, from Maramag to Kalilangan, from Valencia to San Fernando, from Malaybalay to Cabanglasan, from Malaybalay to Lantapan, from Talakag to Baungon, and from Malitbog to Bukidnon boundary leading to Tagoloan, (Misamis Oriental).

SECTION 5. Bukidnon Investment Priorities (BIP). All municipalities and cities within the Bukidnon Investment Grid (BIG) can be included in the list of Bukidnon Investment Priorities (BIP), provided they complied with the following requirements:

1.1 Complementing Investment Incentive Ordinance.

a) Granting Tax Incentives to Investors

b) City/Municipal Zoning Ordinance

c) Licensing and Services

1.2

Other support services within their jurisdiction.

SECTION 6. Bukidnon Registered Business Enterprise (BRBE) shall mean any individual, partnership, cooperative, corporation or other entity incorporated and/or organized and existing under Philippine Laws, and registered with the Board in accordance with the provisions of this Code; provided however, that the term “Bukidnon Registered Enterprise” shall not include commercial banks, savings and mortgage banks, rural banks, savings and loans associations, development banks, trust companies, investment banks, finance companies, brokers and dealers in securities, consumer cooperatives and credit unions, and other business organizations whose principal purpose or principal source of income is to receive deposits, lend or borrow money, buy and sell or otherwise deal, trade or invest in common or preferred stocks, debentures, bond or other marketable instruments generally recognized as securities or discharge other similar intermediary, trust or fiduciary functions.

SECTION 7. Land Banking shall mean the setting aside of at least fifteen (15) hectares of contiguous land for commercial and industrial use in a particular city/municipality in the province.

SECTION 8. Philippine National shall mean a citizen of the Philippines or a domestic partnership or association wholly-owned by citizens of the Philippines; or a corporation organized under the laws of the Philippines, of which at least sixty percent (60%) of the capital stock outstanding and entitled to vote is owned and held by citizens of the Philippines; or a trustee of funds for pension or other employee retirement or separation benefits, where the trustee is a Philippine national and at least 60% of the fund will accrue to the benefit of the Philippine nationals; provided, that where a corporation and its non-Filipino stock holders own stock in a registered enterprise, at least sixty (60%) of the capital stock outstanding and entitled to vote both corporations must be owned and held by the citizens of the Philippines and at least sixty percent (60%) of the members of the board of directors of both corporations must be citizens of the Philippines in order that the corporation shall be considered a Philippine national.

SECTION 9. Preferred Area of Investments shall mean the economic activities or project declared as such under Chapter IV Sec. 18 of this Code.

CHAPTER III THE BUKIDNON INVESTMENT AND EXPORT PROMOTION BOARD

SECTION 10. The Bukidnon Investment and Export Promotion Board (BIEPB) shall implement the provisions of this Code.

SECTION 11. Composition of the Board - The Bukidnon Investment and Export Promotion Board (BIEPB) shall be composed of fifteen (15) members with the Provincial Governor as Chairman, President of the Bukidnon Kaamulan Chamber of Commerce and Industries (BKCCI) as Vice Chairman, and the following as members: Sangguniang Panlalawigan Member- Chairman on Trade & Industry Committee; Director of the Department of Interior and Local Government (DILG); Director of the Department of Trade & Industry (DTI) Provincial Office; Chairman of the Bukidnon Tripartite for Industrial Peace Council (BTIPC), representatives from the Women and Education sectors, Bankers Association, Indigenous People Organization and the Micro, Small and Medium Enterprise Development Council (MSMEDC).

SECTION 12. Duties and Functions of the Board.The Bukidnon Investment and Export Promotion Board (BIEPB) shall meet at least once in every quarter, or can call for a Special Session anytime when necessary. It shall have the following duties and functions: a.) Promulgate implementing rules and regulations to implement the intent and provision of this Code; b.) Provide guidelines for approval, disapproval and cancellation for registration of business enterprises by the executive committee to be created for registration of business enterprises which are applying for fiscal and non-fiscal incentives; c.) Act on reports, recommendations and other actions presented by the executive committee; d.) Conduct annual review of the list of Bukidnon Investment Priorities (BIP) with the power to include/exclude other project/economic activities listed under Chapter IV of this Code. e.) Recommend parallel ordinances for enactment by the two (2) cities and twenty (20) municipalities in the province. f.) Generally, exercise all the functions and powers necessary to or incidental to the attainment of the objectives of this Code.

SECTION 13. Term of Office. All Members of the Board shall be appointed by the Governor and shall hold office for a term of six (6) years and shall be eligible for reappointment. However, term of office is not applicable to elected and appointed officials.

SECTION 14. CREATION OF THE EXECUTIVE COMMITTEE. There shall be created an executive committee of the board which will comprise of the following: Representative from the Provincial Governor’s Office, DTI, Bukidnon Kaamulan Chamber of Commerce, TESDA, BTIPC, to be chaired by the Bukidnon Kaamulan Chamber of Commerce. The EXECOM shall meet at least once in every quarter, or can call for a special session anytime when necessary.

The EXECOM shall have the following functions: a.) Act on application for registration and recommend for its approval by the Chairman of the Board, subject to the guidelines promulgated by the board. In case an application is disapproved by the EXECOM a corresponding explanation will be provided to the Chairman of the Board; b.) Periodically check and verify the compliance of registered enterprises with the relevant provisions of this Code, with the rules and regulations promulgated under this Code and with the terms and conditions of registration;

SECTION 18. Projects Eligible for Incentives. The following projects/activities shall be entitled to the incentives granted under this Code: 1.

Agri-business

a. Corn-based Industries

i. Post Harvest Facilities

ii. Feed Mill

iii. Corn Processing

b. Rice-based Industries

i. Post Harvest Facilities

ii. Rice Processing

c. Sugarcane-based Industries

i. Alcohol production and processing

ii. Sugar processing

d. Cassava Processing

e. Banana Processing

f. Pineapple Processing

g. Coconut Processing

h. Coffee and Cacao Production and Processing

i. Fruits and Vegetable Production and Processing

i. Noodles production

ii. Vegetable and fruit canning, freezing, dehydration and other means of preservation and packaging

j. Commercial seed production

k. Cutflower production

l. Integrated livestock breeding and processing

i. Hog, fowl, goat, sheep, and large animal breeding, production and fattening

ii. Hatchery

iii. Nucleus breeding farm

iv. Contract breeding/growing

v. Meat processing

vi. Tannery and Leathercraft production

vii. Cold storage, Triple A Slaughterhouse

viii. Slaughtering and production of dressed carcass and prime cuts of pork and beef

ix. Dairy Production and Processing

m. Fresh water fish production, breeding and processing

n. Herbal medicine production and processing

o. Gifts, decors and house wares

p. Textile and garments production from pineapple leaves, abaca and banana stalks as material, and other natural fiber including barangay level degumming and cotonizing activities and abaca production.

q. Pulp processing from farm wastes

r. Organic Fertilizer Production

s. Bio-energy crops for green fuel 2. Forestry-based industries

2.1 Rubber production and processing

2.2 Oil palm production and processing

2.3 Bamboo production and processing

2.4 Commercial tree plantation

2.5 Handicrafts

2.6 Security paper manufacturing (abaca-based)

2.7 Fire resistant particle board manufacturing

2.8 Wood processing using fast growing species

3. Service-related industries

3.1 Bulk handling and storage. The term includes cargo handling and warehousing enterprises.

3.2 telecommunications technology such as radio, tv and other wireless communication technology; information and communication technology such as call centers, software development, medical transcription and the likes.

3.3 Medical services/ facilities

3.4 Industrial and real estate development project

3.6 Engineering/ architectural services

3.7 Training and sports facilities

3.8 Energy related projects

3.9 Human resource development

4.0 Manufacture of agricultural and industrial tools, implement and Equipment.

4. Tourism Related Establishments

4.1 Accommodation facilities

4.2 Nature parks/ mountain resorts

4.3 Amusement park

4.4 Travel & tour operations

4.5 Restaurants/ food outlets

4.6 Retirement village and wellness center

4.7 Education-Cultural Camp

5.

Support Services 5.1 Research and development activities 5.2 Projects under R.A. 6957, as amended (BOT Law) 5.3 Special Export Processing Zones 5.4 Agro-processing centers 5.5 Private industrial estates

6. Exploration, Mining, Quarrying and Processing of Minerals.

7. Export-Oriented industries at least 50% of the total production is Exported.

8. Waste management and waste disposal projects.

Fiscal and non-fiscal incentives will be given to investors investing in the Bukidnon Investments Grid (BIG). Investments, however, should be in the preferred areas. The Board may also recommend amendments of the above list of preferred areas of investments. Provided, however that any amendments shall be reported within thirty (30) calendar days by the Board to the Sangguniang Panlalawigan for its appropriate action.

CHAPTER V RIGHTS AND OBLIGATIONS OF THE PROVINCIAL GOVERNMENT AND THE INVESTORS

SECTION 19. Rights and Obligations of the Provincial Government. To enhance investor confidence in the incentives program, the Provincial Government, thru EXECOM shall: (a) Clearly publicize to prospective investors the economic priorities of the province, including target investment areas and the general conditions to incoming direct private investment; (b) Clearly communicate investment evaluation criteria and procedures to enhance transparency in the incentives granting process; (c) In the formulation or modification of policies and ordinances that affect investments, take the fullest possible account of the need of the investors for stability, growth and profit in their operations; (d) Subsequent to the approval of the details of the implementation of an investment project and the ownership and management structure of the enterprise, the same should be honored in principle, subject, however, to provisions of existing laws; (e) Provide equal opportunity to all investors who wish to invest in the province whether foreign or domestic corporation/ enterprise, subject however to the provisions as provided under existing laws;

ordinance | page 9

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Ordinance...

from page 8

(f) Make it a policy to observe highest degree of fairness, equality and amity to all business enterprises operating and/or that will operate within its territorial jurisdiction; (g) Provide a stable tax system with gross sales or receipts and real property being taxed at rates which do not discourage private investments; (h) Be guided by the principle on substantial classification and equitable imposition of local taxes and in granting tax incentives to all business enterprises operating within the province; (i) Upon the appropriate recommendation by appropriate agencies of the national government, permit the employment of qualified foreign personnel where there is needed for the efficient operation of the enterprises or for the training purpose; (j) Resolve all doubts concerning the benefits and incentives granted under the ordinances enacted for the purpose of encouraging investments shall be favorable to both government and private parties; and (k) Set aside funds for the Land Banking identified for future investments.

SECTION 20. Rights and Obligations of Investors and Registered Enterprises. - Investors and registered enterprises shall have the following rights and obligations: (a) Ensure in consultation with EXECOM that its proposed investment fits satisfactorily with the identified target investment areas; (b) Adequately and fully make known its expectations concerning the expansion of the enterprise, employment and marketing prospects and the financing of its operations; (c) In response to the interest shown by the community about the investment, take steps to provide relevant information about the operations of the enterprise, except for information that should be withheld for propriety or competitive reasons; (d) In presenting its investment proposal to the EXECOM, examine and endeavour to favorably consider suitable proposals concerning offering part of the equity for purchase or subscription by local investors, wherever this is compatible with the long-term economic interests of the enterprise; (e) Comply with the laws and regulations in relation to the submission of the necessary financial information in connection with the assessment and collection of taxes; (f) Abide by undertaking given to the EXECOM in connection with the investment; (g) Encourage local participation in the management of the enterprise and appoint qualified residents of the community to positions of responsibility and provide the training and experience necessary for such positions; (h) To the extent consistent with the efficient operations of the enterprise, take into account the Provincial Government’s effort to create employment opportunities in the localities where they are most needed and should make the maximum practicable use of local personnel; being one of the social responsibility in the community where they are in business; (i) In all matters directly affecting the interest of labor to the extent appropriate to local circumstance, consult and cooperate with labor organizations and labor unions representing the employees and workers it will hire; (j) According to the local circumstances, provide the best possible wages, social benefits, retirement provisions and working conditions within the framework of the Philippine Government’s Policies; (k) ) Support its investment with appropriate service and suitable technology to ensure the full contribution to the investment to the economy of the community; (l) Cooperate with Provincial Government in examining the impact of its operations on the environment and take steps to minimize damage so far it is economically and technically practical in the local situation; and (m) Respect the National laws, policies and economic and social objectives of the Philippine Government.

9

C. Exemption from the following provincial taxes within five (5) years from the date of the approval of registration:

C.1 The Transfer Tax imposed under Chapter II, Article I of Provincial Ordinance No. 93-05A on the sale, donation, barter, or any other mode of transfer ownership or title of real property located in the province owned by the Bukidnon Registered Business Enterprise (BRBE);

C.2 Chapter II Article II Tax on Business of Printing and Publication.

C.3 Chapter II Article III Franchise Tax

C.4 Chapter II Article IV Tax on Sand and Gravel and other Quarry resources.

C.5 Chapter II Article VI Amusement Tax

D. Chapter V Article VII Section 70 Veterinary Services Fees and Charges (Subject to the Recommendation by the Bukidnon Investment and Export Promotion Board to be approved by the Sangguniang Panlalawigan.)

SECTION 25. Tax Incentives to Registered Existing Enterprises. Registered existing enterprises qualified under this Code shall enjoy the following tax incentives: (a) Newly acquired real properties and newly installed machineries of the existing registered enterprises upon the effectivity of this Code which are actually and directly used in the expansion or diversification shall enjoy incentives set forth in the schedule on the preceding section for a period of five (5) years; provided, however, that these incentives shall apply only to the thirty-five percent (35%) share of the province; (b) Machineries and equipment used for pollution control and the environment protection shall be exempt from real property taxes pursuant to Sec. 234 (e) of R.A. 7160, otherwise known as the Local Government Code of 1991.

CHAPTER VIII TRANSITORY PROVISION

SECTION 26. Application of this Code. This Code shall apply to all business expansion and new investments which are covered under Section 18 of this Code and commercially operational beginning the effectivity of this Code.

CHAPTER IX FINAL PROVISIONS

SECTION 27. Separability Clause. – If, for any reason, any provision of this Ordinance is declared illegal or unconstitutional, the rest shall not be affected thereby.

SECTION 28. Effectivity Clause. - This Ordinance shall take effect immediately upon its approval.

Approved. ***

***

***

I HEREBY CERTIFY to the correctness of the foregoing ordinance.

CHAPTER VI REGISTRATION OF ENTERPRISE

SECTION 21. General Criteria for All Enterprises - Existing business enterprises and new investors who intend to avail of the incentives provided in this Code must meet the following criteria; (a) The prospective investor’s principal production facility will be located within Bukidnon Investment Grid and/or projects listed on Section 18 of this Code;

(a.1) The prospective investor must be a new business corporation or partnership, duly registered with the Securities & Exchange Commission; if a single proprietorship, it must be duly registered with the Department of Trade & Industry; and must have its principal office located within the province;

(a.2) The prospective investors must engage in activities in preferred areas of investment as may hereafter declared by the Board;

(a.3) The new enterprise must have a capitalization of at least three million pesos provided that the amount of capitalization shall be based on the total project cost as stated in the investor’s study submitted to and approved by the Board; (a.4) That the new enterprise will provide, out of its regular labor force requirement and employment of not less than ten (10) persons in case of a small scale enterprise, at least twenty (20) persons in case of a medium scale enterprise and at least one hundred (100) persons in case of a large industry who are bonafide residents where the enterprise is located. (b) Eligible existing enterprises are those whose principal production facilities are already located within the territorial jurisdiction of the province and whose proposed expansionary/ diversification should principally be located within the territorial jurisdiction of the province, provided they:

(b.1) relocate its principal office from other place in the Philippines to the province; (b.2) undertake expansion of existing production capacity or construction of new machinery and equipment or improvements thereof which will result in an increase in production capacity; or (b.3) provide additional employment of no less than twenty percent (20%) of existing workforce; (c) The business enterprise had complied with all the requirements mandated under existing local or national law and the Constitution.

SECTION 22. APPLICATION REQUIREMENTS. Application shall be filed with the Center duly recorded in a registration book and the date appearing herein and stamped on the application shall be considered the date of official receipt thereof. a) A non-refundable filing fee to be determined and set by the Board depending on the size of assets shall be paid together with the following documents for registrations; 4 copies of the complete project study showing that project covered by the application is economically, technically and financially sound; b) A certified true copy of its certificate of registration, Articles of incorporation and by- laws with the Securities and Exchange Commission and Business Registration with the Department of Trade and Industry, in case of single proprietorship; and c) Verified resolution of the applicant’s Board of Directors, in case of a corporation or partnership, authorizing the filing of application; d) List of Directors and other principal officers and their respective nationalities and current address as certified by the corporate secretary and a certification by the corporate secretary that the minimum number of directors required to the Philippine nationals have been complied with, and e) Environmental Compliance Certificate or ECC from DENR shall be strictly complied.

Republic of the Philippines PROVINCE OF BUKIDNON City of Malaybalay OFFICE OF THE SANGGUNIANG PANLALAWIGAN EXCERPTS FROM THE MINUTES OF THE 12TH REGULAR SESSION OF THE 11TH SANGGUNIANG PANLALAWIGAN, PROVINCE OF BUKIDNON, HELD ON MONDAY, MARCH 25, 2013 AT THE SANGGUNIANG PANLALAWIGAN SESSION HALL, MALAYBALAY CITY, BUKIDNON. PRESENT: Hon. ALFEO U. BAGUIO, Board Member/Temp. Presiding Officer Hon. JAY S. ALBARECE, Board Member Hon. NEMESIO B. BELTRAN, JR., Board Member/Floor Leader Hon. ROELITO A. GAWILAN, Board Member (Ex-Officio-rep. FABC) Hon. MAGDALINO C. PANDIAN, Board Member (Ex-Officio-rep. IPs) Hon. RANULFO E. PEPITO, Board Member Hon. RAIZA ANGELIQUE D. PORMINAL, Board Member (Ex-Officio-rep. SK) Hon. CLIVE D. QUIÑO, Board Member Hon. GORDON M. TORRES, Board Member

ABSENT : Hon. JOSE MA. R. ZUBIRI, JR. Provincial Vice Governor-on O.B. Hon. RENATO C. CENTILLAS, Board Member – on O.B. Hon. ROLAND F. DETICIO, Board Member (Ex-Officio-rep. PCL)- on O.B. Hon. MANUEL L. DINLAYAN, Board Member – on O.B. Hon. MARIVIC R. MONTESCLAROS, Board Member – on O.B. ORDINANCE NO. 2013-81R(11TH SP) (12th Regular Session)

CHAPTER VII TAX INCENTIVE HOLIDAY

SECTION 23. Tax Incentive under the Local Government Code. The following incentives mandated under RA 7160 otherwise known as the Local Government Code of 1991 shall be given to qualified business establishments operating in the province: (a) Exemption from business taxes of pioneer or non-pioneer BOI registered enterprise for a period of six (6) and four (4) years respectively, from the date of registration, in accordance with local finance Circular No. 5-93 dated October 22, 1993, issued by the Department of Finance or DOF; (b) Exemption from taxes, fees and charges and other impositions upon goods or merchandise carried into or out of, or passing through the territorial jurisdiction of the province, in the guise of charges for wharfage, tolls for bridges, or otherwise, or other taxes, fees or charges in any form whatsoever upon such goods and merchandise; (c) Exemption from taxes, fees and charges of Philippine products actually exported except collection of fifty percent (50%) of the rates prescribed for manufacturers, etc.; wholesalers, dealers, distributors, etc. and retailers based on the gross sales/receipts of the exported products in accordance with Local Finance Circular No. 4-93, dated July 30, 1993, issued by the Department of Finance; (d) Exemption from taxes from the gross receipts of transportation contractors and persons engaged in the transportation of passengers or freight by hire and common carriers by air, land or water, except tricycle operation; and (e) Imposition of fifty percent (50%) of the rates prescribed for manufacturers, etc.; wholesalers, dealers, distributors, etc,; and retailers on the gross sales of essential commodities listed in the Article 232 (c) in the implementing rules and regulations of the Local Government Code.

SECTION 24. Fiscal Incentive to New Registered Enterprise.

New Registered Enterprises are granted the following incentives:

A. Incentives from Real Property Tax (excluding the special education fund component) corresponding to the 35% share of the province on industrial/commercial buildings and improvements shall take effect on the month of January of the following year after occupancy:

B. Exemptions on the Real Property Tax (EXCLUDING THE SPECIAL EDUCATION FUND COMPONENT) on equipment, machineries and devices (other than those used for anti-pollution and environment protection) without limit on the value or acquisition price thereof:

AN ORDINANCE BANNING AND PROHIBITING RESIN EXTRACTION FROM PINE TREES ANYWHERE IN THE PROVINCE OF BUKIDNON AND PROVIDING PENALTIES FOR VIOLATION OF THIS ORDINANCE –

Introduced by: Hon. Nemesio B. Beltran, Jr.

Hon. Manuel L. Dinlayan

Board Members-2nd District of Bukidnon

&

Hon. Jose Ma. R. Zubiri, Jr. Provincial Vice Governor This Province EXPLANATORY NOTE

Resin extraction or better known as Oleoresin industry was first practiced in the Buguias Region by the Igorots in the 1970’s, but this “industry” was abruptly stopped and died a natural death in the early 1980s, because it was found that the industry was not sustainable, and could cause the death of a pine tree once it is taped for sapping its resin. Moreover, studies revealed that extraction could cause a forest conflagration magnitude because the sap would leak out to the base of the tree and the accumulated deposits are proven to be combustible, thus a grass burn could easily ignite a tree and quickly spread out to the other trees.

In the early 2000’s, the practice of resin extraction had found its way in Malaybalay forests, but this was soon curtailed due to the passage of an Ordinance, prohibiting it. Recently, the citizens of Bukidnon were aghast and appalled after knowing that a Chinese firm was granted by Bukidnon Forest Inc. (BFI) a contract to extract resins from the pine trees within the 38,000 – hectare BFI IFMA premises.

This practice should henceforth be stopped for good.

NOW, THEREFORE, on motion of Hon. Nemesio B. Beltran, Jr. and with the unanimous accord of the Members present, assembled in session:

BE IT ORDAINED, by the Honorable Sangguniang Panlalawigan of Bukidnon, this 25th day of March, in the Year of Our Lord, Two Thousand Thirteen, that:

SECTION 1. – Resin extraction out of a pine tree is hereby banned and prohibited anywhere in the province of Bukidnon.

SECTION 2. – Any person who is found to have violated this Ordinance shall be meted with an imprisonment of not more than (6) years or a fine of Five Thousand (P5,000.00) Pesos, or both, at the discretion of the court.

In the case of corporate entities, the penalties provided herein shall be imposed on the officers who participated, directly or indirectly, in the approval of the resin extraction of their legal entities.

SECTION 3. – The Provincial Environment and Natural Resources Office is hereby authorized to confiscate resin products illegally extracted from the pine trees, and to initiate the appropriate charges, aided by the Provincial Legal Officer, against the violators hereof.

The PENRO is hereby authorized to place appropriate warnings in strategic places to forewarn the public against resin extraction activities.

SECTION 4. – This Ordinance shall take effect immediately upon its approval.

Approved.

*** *** I HEREBY CERTIFY to the correctness of the foregoing ordinance.

***

BD: May 2, 2013

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Energy... from page 1

way it consumes energy and start using clean energ y sources or suffer the human, economic and environmental consequences of its voracious appetite for fossil fuels by 2035, the ADB said in Chapter 2 of its report titled Asia Energy Challenge.

By that year, Asia’s oil consumption will double, natural gas consumption will triple and is coal consumption will rise to a whopping 81 percent.

“Asia could be consuming more than half the world’s energy supply by 2035, and without radical changes carbon dioxide emissions will double,” warned ADB Chief Economist Changyong Rhee said.

“Asia must both contain rising demand and explore cleaner energy options, which will require creativity and resolve, with policymakers hav i ng to g rapple w it h politically difficult issues like fuel subsidies and regional energy market integration,” Rhee urged.

The World Bank reported in 2010 t hat elect ricit y production in the Philippines f rom coa l sou rce s wa s 26.61% compared to other energy sources in 2009. And projections from various databanks only said that Philippine coal consumption will go up, especially with the Department of Energy’s push in an effort to solve the so-called Mindanao power crisis.

While the Philippines has its Renewable Energy Law of 2008, it continues to rely on carbon-emitting, climate-changing fossil fuelbased energy plants despite off icial pronouncements of i n s t it ut ion a l i z i ng a proportional ratio of mixed (fossil-based and renewable) energy sources.

“In the Philippines, the contribution of renewables will shrink from 43% in 2010 to 14% in 2035, by which time proven indigenous gas and coal reserves will be depleted,” the ADO 2013 said.

Since energ y “ is one of the most basic human needs,” ADB urged Asian government of f icia ls to find the political will and innovation to scrap outdated policies and recalibrate its energy mix.

“Effective government leadership can mobilize behavior change in firms and households. The lesson for Asian governments is that they must take the lead in changing the mindset and culture of their citizens so that they use energy more efficiently and thus do their part to promote Asia’s energy security,” it said.

It suggested three ways to do this. (1) Eliminate consumer subsidies and tax greenhouse gas emissions; (2) support green innovation such as smart cities and clean transportation to improve energ y ef f icienc y a nd environmental sustainability;

and (3) change in behaviour to curtail wasteful energy consumption.

But A DB’s repor t is pragmatic enough to admit that these three strategies are easier said than done.

“D e m a nd m a n a ge me nt strategies are promising but presents various challenges.

Tackling outmoded subsidies requires political will, green innovation takes investment in technology, and changing behaviour entails instilling fundamentally new attitudes.”

Since Asia has limited indigenous energy resources, with only about 9% of proven global oil reserves, it is on track to almost triple oil imports by 2035, making it more vulnerable to external supply shocks, the report said.

But since Asian countries cannot meet all their power requirements on their own, ADB also suggested that they have to accelerate “crossborder i ntercon nec t ion of power and gas grids to i mprove ef f icienc y, cut costs and take advantage of sur plus power. Wit h increased cooperation, a pan-Asia energy market is achievable by 2030.”

In its effort to meet energy demand for its people, Asian government must ensure (1) energy supply adequacy, (2) environmental sustainability, and (3) affordable access. To do this, “[t]he region needs to aggressively explore all options by which to curb its burgeoning energy demand, tap new energy supply, and fos ter re g iona l ma rke t synergies that maximize the gains achieved on both sides of the demand–supply equation.”

Solar... from page 1

crisis, Mr. Petilla replied: “Solar power may be cheaper now given that one of the options that the government is offering is to avail of gensets. However, if we opt for a long-term contract utilizing solar energy, it will eventually be more expensive than the power that will be generated from plants that will go online in 2015.”

“Apparently Sec. Petilla does not believe what his predecessor in the DOE assumed about solar power plants, in particular the insistence of the DOE that the rate of commercially viable solar projects is 9.68 pesos per kilowatt hour,” said Engr.

David A. Tauli, engineering consultant to the Office of Rep. Florencio T. Flores, 2nd Dist rict Bu k id non.

“Otherwise Sec. Petilla would not say that about solar PV being more harmful than the modular diesel gensets that the DOE wants the electric coops to purchase.”

Mr. Petilla said power from the modular gensets would cost around 18 pesos/ kWh. If an EC installed enough capacity of modular gensets to supply 10 percent of its energy requirements, its member-consumers would pay an additional 1.35 pesos per kWh on their electric

bills.

However, Mr. Tauli said his figures show that if 480 MW of solar PV plants were installed throughout Mindanao (approximately 10 percent of the electric energy requirements of Mindanao) the rate impact on Mindanao customers, under the RE Law and assuming that the DOE is correct in saying that the costs of solar is 9.68 P/kWh, would only be an additional payment of twelve (12) centavos per kWh. “Note that that is centavos, not pesos!” he said. “So where is the harm from solar PV plants?”

However, in the same media report, Mr. Petilla was quoted as saying if any solar power investor can convince a cooperative or distribution utility to sign up for 20 years at prevailing solar rate of P9.70 to P12.00 per kilowatthour, DOE would be more than happy to facilitate the transaction.

“Sec. Petilla is saying that because he knows that none of the electric cooperatives and distribution utilities can construct solar PV plants at the DOE-recommended and ERC-approved FIT of 9.68 pesos/kWh,” Mr. Tauli noted. “At current costs of grid-connected solar PV plants, any investor would be bankrupt if the FiT for the project is less than 16 pesos per kWh. Bankruptcy for investors will come much faster at the approved FIT rate.”

Mr. Tauli believes the DOE has in effect obstructed the use of solar PV to help mitigate the Mindanao power problem by getting the ERC to approve a Feed-in Tariff for solar PV that will not make any grid-connected project commercially viable, thereby ensuring that no solar PV plant would be constructed in Mindanao.

“To add insult to injury, the DOE is now saying solar PV will be more expensive than their favored modular diesel gensets,” he added.

“Fuel-f i re d modu la r ge n e r at ion s e t s a nd a Mindanao Electricity Market which will both result in substantially higher power rates,” sa id Rep. Teddy Casiño (Bayan Muna party list). “They are not even considering renewable energy sources and are banking on large consumers to budget their power consumption.”

Villar... from page 1

her strong stance in the preservation of human life and protection of family.

D u r i ng her s t i nt a s member of the House of Representatives for nine yea rs, Vi l la r suppor ted the passage of significant measures to protect the interest and welfare of the family and its members.

Villar is running for senator under Nacionalista PartyTeam PNoy In backing Villar, Medina cited the “NO Vote” of her husband, Senator Manny Villar, on the passage of the

RH bill in the Senate. He likewise said the Villar couple are long time members of the Couple’s For Christ (CFC), which they have actively been supporting.

The CCVP, which has 600 allied Catholic communities and organizations nationwide, was conceptualized to help pro-life a nd pro-fa mi ly candidates win votes.

“While there is the socalled ‘command votes’ from El Shaddai of Brother Mike Velarde, Kingdom of Jesus Christ of Apollo Quiboloy, Jesus Is Lord of Brother Eddie Villanueva and the Iglesia Ni Cristo, the Catholic vote is now shaping up after the RH (issue),” related Medina.

The CCVP was formed in consonance w it h t he January 28, 2013 pastoral letter of the Catholic Bishops Conference of the Philippines (CBCP) calling for “circles of discernment” to examine and question the sincerity, quality and effectiveness of governance of our leaders and to answer the question “Is there a Catholic Vote?”, among others.

The CCVP believes that, to the spiritually mature, a public office is an opportunity for service. The office will bring them and the people they serve closer to heaven.

“Love them by voting them into office,” it stated.

However, to the spiritually immature, a public office is an occasion of sin. The office will bring them and the people they deceive closer to perdition. “Love them by not voting for them,” added the charismatic group.

A s i d e f r o m V i l l a r, CCVP will also endorse the candidacy of reelectionist Senators Aquilino “Koko” Pimentel III and Antonio Trillanes IV. Vi l la r, Pi mentel a nd Trillanes were also earlier endorsed by the White Vote Movement led by El Shaddai.

CCVP a lso vouches for senatoriables JC delos Reyes, Lito David and Mar Llasos, all running under Kapatiran, which the group describes as the “only political party with a platform and programs that are aligned with the teachings of the Catholic Church.”

CCVP w i l l of f icia l ly proclaim their senatorial bets on Apr i l 28, 2013 du r i n g a g at he r i n g of about 6,000 leaders of the Soldiers of Christ, Servant commu nit ies a nd ot her member organizations in Maypajo, Caloocan City.

The officers of the CCVP are Bert Alba, Chairman; Antonio Medina, SecretaryGeneral; Nestor Camacho, Deputy Secretary General, Ricky Presa, head of the Council of the Laity, Diocese of Paranaque; Bro. Alberto “Ting” Arcadio, National Head Servant Soldiers of Christ and Fr. Leonardo Polinar, National Shepherd Servant Coomunites, Fr. Melvin Castro and Bishop Jose Colin Bagaporo serve as spiritual advisers while retired Supreme Court Justice Leonardo Quisumbing is the

legal adviser. Lawyer Alonso Tinagan, Prof. Carmelio Cajayon, Jing Mendoza and Feloryn Delavin, Directors.

The members of t he CCVP includes t he following: Soldiers of Christ, Ser va nts C om mu nit ies, Transparochial Catholic Cha rismat ic A l lia nce, Love’s Flock, Knights of C olu mbus Pa ra naque, Knights of Columbus Aklan, Catholic Vote Alliance, Unlad Kapanalig, Kawal ni Kristo (Bu laca n Prov ince) a nd Lunda Luntiang Daigdig.

CCVP expects to deliver no less than 1.7 million votes.

Solon... from page 1

The resolution was in anticipation that Northern Mindanao would become a leading ecotourism destination in Mindanao with Cagayan de Oro City in t he foref ront of t his ecotourism boom with the opening of the Laguindingan airport, Rodriguez said.

He said that the need to have a “duty free shop” was to cater the needs of returning overseas foreign workers (OFW) and foreign tourists and visitors.

Rodriguez said that the duty free shop would improve the services offered by the airport, generate foreign exchange, and revenue for the government.

President Benig no Aquino, III, announced

11

that the newly constructed Laguindingan Airport would be opened for commercial flight on June 15, 2013.

Aqu i no ordere d t he deferment of the opening of the airport on April 30, 2013 in response to clamor of the business community and stakeholders to move the opening of the airport to later date pending installation of the airport’s navigation instruments to ensure the safety of air travelers.

Records... from page 4

from 1,664,481 in 2011 to 1,482,801 in 2012.

Domestic arrivals decreased by seven percent from 1,421,688 to 1,536,590 visitors while foreign arrivals also decreased by more than half, from 127,891 to 61,113 visitors.

The same destination preference could also be observed among domestic travellers, NEDA-10 said.

The biggest decrease from the ‘Others and Unspecified Balikbayans’ posted at 80 percent pulled down the overall performance of the foreign arrival for the year, NEDA-10 added.

In 2011, Bukidnon was the most favorite destination of the foreigners with the most nu mber of 46,748 representing 55.83 percent of the total foreign tourists, Chan added.

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PAL expands,kicks-off 12 new routes Ph i l i ppi n e A i rl i n e s ( PA L) announced today (April 26, 2013) the launching of 12 new destinations in Australia, China, Malaysia and Middle East, including a new domestic service to Northern Luzon in the continuing expansion of PAL's route network.

I n a k ick- of f c e r e mony at Diamond Hotel, A ng u nveiled the 12 new destinations – Kuala Lumpur (Malaysia), May 2; Darwin, Brisbane and Perth (Australia), June 1; Guangzhou (China), June 2; Abu Dhabi (United Arab Emirates), October 1; Doha (Qatar) November 1; Riyadh, Jeddah and Dammam (Saudi Arabia), December 1; Dubai (United Arab Emirates), November 1 and Basco, Batanes on May 1 (the last two to be operated by PAL Express).

Ang said PAL’s route expansion,

particularly in the Middle East, will open strategic gateways and allow greater connectivity to more destinations in the region through PAL’s interline partners. “From UAE, for example, overseas Filipino workers can easily connect to other key cities or countries through PAL’s airline partners in the Gulf,” Ang stressed.

With the opening of its Middle East gateways, PAL would become the only Philippine carrier with the

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Ang added that the Philippines’ robust economy, recent credit rating upgrade, exciting tourist destinations and the countr y’s geographical advantage as a jump off point to many Asian cities are also behind PAL’s aggressive expansion.

With the wider route network, Ang said foreign tourists and business travelers can fly to Manila, enjoy the Philippines for a few days, or connect directly to PAL’s other Asian, Australian and North American destinations.

In November last year, PAL's new management began the network expansion with the launch of non-stop flights to Toronto, Canada.

PAL's current network, operated with PAL Express, consists of 32 domestic and 28 international points.

Bantay Bata, Globe GCASH bolsters donation drive For more than 15 years now, Bantay Bata 163 has come to the aid of countless children by providing rescue missions, medical and legal assistance, scholarships, feeding programs, parenting seminars and caravans promoting child welfare and protection, backed by support and donations coming from individuals from all walks of life.

Now, Bantay Bata 163, in partnership with Globe Telecom through its subsidiary G-Xchange, Inc. (GXI), has created a more convenient opportunity for kind souls to help in its cause.

“By donating to Bantay Bata through GCASH, more people can reach out and help the needy children. GCASH subscribers can donate any amount, even as low as 1 peso, and it will definitely go a long way. No need to go to a bank to deposit the donations,” said Paolo Baltao, President of GXI. GCASH subscribers can use the GCASH Android and BlackBerry Mobile App or dial *143# for FREE (and select GCASH) on their phones to donate to Bantay Bata. Fund the GCASH wallet via online bank transfers (www.globe.com.ph/gcash), mobile banking with BPI (by dialing *119#) and Unionbank, BancNet ATMs or through any of the more than 7,000 GCASH outlets nationwide.

As a way of saying thank you to its donors, Bantay Bata 163 is giving away 12 Samsung Galaxy Note 2’s. From April 26 to June 26, every donation of at least P10 via GCASH earns 1 electronic entry for the special raff le draw on June 28.

Since its establishment in 1997, Bantay Bata has received over 300,000 calls, done over 1,700 rescue missions, over 40,000 medical cases addressed, and over 1,600 legal cases handled. Over 51,000 children benefitted from Bantay Bata’s feeding program and a total of 3,355 became Bantay Edukasyon scholars.