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Issue No. 135, Volume III •
Cagayan de Oro City
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Market Indicators As of 5:34 pm dec. 3, 2012 (Monday)
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PHISIX
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5,672.70 points
X X Briefly 5 cents
32.25 points
Fight against pests
KORONADAL City -- The Department Agriculture in Soccksargen region is intensifying its fight against pests and diseases on crops in the barangays. DA 12 and the Regional Crop Protection Center (RCPC) has gathered recently more than 1,000 members of Bantay Peste Brigades also called “pest scouts” across Soccsksargen Region in the first Regional Bantay Peste Brigade Forum. Dr. Jesus Binamira, Integrated Pest Management (IPM) K ASAK ALIK ASAN program director, said the KASAKALIKASAN National Crop Protection supports the objectives of the Food Staples Self-sufficiency Program (FSSP) of the department.
By IRENE DOMINGO, Reporter
W
HILE Cagayan de Oro is again battered by a powerful storm much stronger than the one that hit the region nearly one year ago, it’s power distributor, the Cagayan Electric Power and Light Co (Cepalco) has formally asked the Energy Regulatory Commission (ERC) to allow it to charge its consumers the cost of damages to its facilities brought about by that Dec. 17, 2011 storm devastation.
World-class
TAGUM City -- The province of Davao del Norte aims to achieve the recognition as a world-class province in four years time. “We hope to make Davao del Norte world-class,” this was said recently by Del Rosario in a press conference at the capitol here. “World-class” is the adjective the province hopes to be described as in four years time,” he said. Del Rosario also said one of the plans is to make Davao Region the nation’s “Rising Global Frontier” down to the grassroots.
Illegal trafficking
GENERAL Santos City -- The Philippine Overseas Employment Administration (POEA) has tapped the public employment services offices (PESO) of local government units (LGUs) in Region 12 as among the frontliners of its enhanced campaign against illegal recruitment and human trafficking in the region. Chona Mantilla, Department of Labor and Employment (DOLE) Region 12 director, said that such move is aimed at bringing the campaign down to the grassroots level within the region’s four provinces and five cities. Region 12, which is also known as the Soccsksargen Region, comprises the provinces of South Cotabato, Sultan Kudarat, Sarangani, North Cotabato and the cities of General Santos, Koronadal, Tacurong, Kidapawan and Cotabato.
FORMER lawmaker Cynthia Villar receives her token of appreciation and award from Prof. Alem Abdurasad Sarangani (third from left), head of the Member-World Muslim League-Philippines chapter, during the opening and ceremonial cutting of ribbons of Hayfah Palace, Hayfah Bakery, Hayfah Petron, and a TV station (dxKC-RPMD TV) in Marawi City on Dec. 1. Marawi City Mayor Sultan Fahad U. Salic witness the awarding. photo by sonny sudaria , armm bureau chief
In a petition filed before the Energy Regulatory Commission (ERC), Cagayan Electric Power and Light Co (Cepalco) said it incurred over P30 million in costs for the restoration and repair of distribution facilities damaged cepalco/PAGE 9
Armm gears up for full-blast forest dev’t By BUTCH D. ENERIO Correspondent
THE Autonomous Region of Muslim Mindanao (ARMM) on Sunday launched the implementation of its Forestland Boundary Assessment and Delineation (FLBD) project as it gears toward full development of the region’s land area. Mujiv Sabbi hi Hata ma n, ARMM governor, said that the endeavor will demarcate on the ground the boundaries of the alienable and disposal (A and D) lands, particularly the remaining forest. The survey will start from Lanao del Sur and will continue
to other provinces- Basilan, Maguindanao, Sulu and TawiTawi. The ARMM signed a memorandum of agreement with the Department of Environment and Natural Resources this year for the implementation of the P44 million FLBD project, which is expected to be finished in May 2013. Hataman, said that aside from identifying the A and D and the forest lands, mineral lands and national parks are of importance in the said project. “In this way, we will be able to determine appropriate management intervention and protect
our remaining forest cover a well as develop areas where there are economic potentials.” Hataman said. The FLBD is with a theme “Unang tanda para sa Kagubatan, Simbolo nang Handa, Matatag, Makabago, at Maka-kalikasang Bangsamoro” that will lay down the economic road map of the upcoming Bansamoro Government. “This forestland marker is important as we lay down our development road map, where areas will be properly identified as potential for agroforestry dearmm/PAGE 9
NEW ENDORSERS MyPhone, the country’s leading mobile phone brand recently signed ABS-CBN PBB housemates Ryan Boyce and Karen Reyes as new endorsers. Also in photo is MyPhone Vice President Mr. Richie de Quina.
Aboitiz Power increases dividend ABOITIZ Power Corp has increased its dividend payout from a third of profit to half. “This new policy changes the previous cash dividend payment ration of 33 percent of previous year’s net profits,” Aboitiz Power said in a disclosure to the Philippine Stock Exchange.
At the same time, the company announced a special dividend of P0.22 per share to stock holders of record as of December 13, 2012. The dividend is payable on January 11, 2013. Aboit i z Power i s t he power generation and distribution arm of the Aboitiz Group of Cebu, a local con-
glomerate with interests in banking, manufacturing, shipbuilding, construction and land development. In 2011, the company earned P21.6 billion, down by 14 percent from P25 billion in 2010 primarily as a result of lower electricity sales, foreign exchange losses and loan prepayments.
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DTI keeps Davao exporters informed on trade documentation procedures THE Department of Trade and Industry (DTI) conducted a seminar on international commercial terms 2010 (Incoterms 2010) and trade documentation procedures for exporters in Davao City. “Through this seminar, we intend to provide a comprehensive discussion on Incoterms 2012 and up-to-date information to local businessmen on t hei r t ra nsac t ions on returned shipments, abandonment, bonded
warehousing,” Bureau of Export Trade Promot ion (BETP) Di rec tor Senen M. Perlada said in a statement. The DTI through its office in Region 11 and the BETP in coordination with Philippine Export-
ers Confederation (PHILEXPORT), Philippine Trade Training Center (PTTC) organized this seminar. The seminar organizers tapped resource speakers from the Department of Finance (DOF), Bureau of Customs (BOC), Philippine Internationa l Trading Corporation (PITC) and a brokerage firm. “By lea rning about common international
trade practices and rules like Incoterms 2010, exporters can clearly document the task, cost and uncertainties related in transport and delivery of their products,” Perlada said. The Incoterms 2010 are the current series of pre-defined commercial terms published by the International Chamber o f C o m m e r c e ( IC C) that is widely used in
international commercial dealings. These are rules accepted by governments, legal authorities and practitioners worldwide in understanding of most commonly used terms in international trade. These rules aim to reduce or eliminate risks arising from varied interpretation of the rules in trading countries. “This seminar is part of the series of seminars
that we are promoting under the Philippine Expor t Compet it iveness Prog ra m (PECP) t hat will provide exporters with information useful to their export business transactions,” Perlada said. This seminar gathered 105 pa r t icipa nts composed of brokers and forwarders, exporters, businessmen, and government employees.
By CARMENCITA A. CARILLO Contributor
Plan Roadshow held at the Provincial Government Center in Tagum City, Davao del Norte Wednesday. Herrera, who presented the Regional Development Plan for 2011-2016, said the Plan is growth-inclusive and will ensure that “no Dabawenyo is left behind.” The Plan aims to bring down the region’s poverty incidence level from the 26 percent level in 2006 to 22 percent by 2016. This can be made possible, he said, through three development strategies including increased production
and productivity, improved food security and improved capacities for agricultural governance. Herrera said the RDP targets an average economic growth rate of 7.5 percent annually from 2011 to 2016 following the principle of inclusive growth. This can be achieved, he said, through sustained investment levels in the priority industry clusters including Agriculture, Fishery and Forestry; increased labor productivity from 3.8% in 2009 to 4.0% by 2014 and increased family incomes.
farmer groups in General Santos City and South Cotabato have received free
hermetic cocoons from the Department of Agriculture (DA) 12. Zaldy M. Boloron, operations division chief and regional corn program coordinator of DA 12 said, eight hermetic cocoons, each amounting to P275,000 or a total of P2.2 million, were distributed as grant to the farmer groups under the depar tment’s AgriPinoy Maisan Program Cabuay Pioneer Multipurpose Cooperative of General Santos City, Rang-ay Credit Cooperative of Banga town in South Cotabato and KOMATIKO of Koronadal City received two hermetic cocoons each. Boloron explained these were distributed to the associations as part of the “package of interventions” as beneficiaries of the Village Type Corn-on-Cobs Dryer under the AgriPinoy program. Mea nwh i le, Fa r mers and Fisherfolks’ Association of Koronadal City and the Farmers’ Association of T’bol town, also in South Cotabato were granted one hermetic cocoon each as prize they won in a raff le draw during the 8th National Philippine Corn Congress in Davao City early last month. A hermetic cocoon is a storage system where grains are placed inside an airtight container, which stops oxygen and water movement between the outside atmosphere cocoons/PAGE 9
High poverty incidence in R-XI a challenge to dev’t planners
TAGUM City -- The high poverty incidence in the Davao Region continues to prove quite a challenge to the area’s development planners despite its proven resiliency during the 2010 global economic crisis. “The high poverty incidence of the region, almost one fourth of the region’s families, continues to prove a challenge,” OIC Assistant Regional Director Miguel Herrera III of the National Economic Development Authority (NEDA) XI said during the Regional Development
Five farmers’ groups get free hermetic cocoons from DA 12
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KORONADAL City -- Five
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Motoring
Honda defers expansion on lower growth outlook THE assembler of Honda motorcycles in the Philippines has put off its expansion project amid tempered growth expectations. Generoso J. Paralisan, Honda Philippines Inc assistant vice president for external affairs, told reporters that the company’s plan to jack up annual production to 500,000 next year from the current rated capacity of 400,000 would not materialize, as domestic motorcycle sales have not been growing as expected, especially with Chinese brands eating into market. Production for export, meanwhile, is not viable as neighboring countries have their own Honda motorcycle manufacturing subsidiaries, Paralisan said. Honda Philippines had already purchased capital equipment for the planned expansion and had gained the nod of the Board of Investments to qualify for tax and other incentives. The company produces seven of the eight models sold locally at its plant in the First Philippine Industrial Park in Batangas. Only the CBR 150 is imported from Thailand. A t hird of par ts and components are sourced
domestically, while the bulk imported from other Honda units in Asean, China, India and Japan. Honda is the Philippines’ top motorcycle brand with over 300,000 units sold during its 2011 fiscal year ending last March and cornering more than half of industry sales, said Sunday Julaton, Honda Philippines national sales and marketing manager. “Solo” motorcycles or those mainly for personal use comprise three-fourths of sales, while the TMX Honda’s only model catering to the business market – accounts for the remainder. The Wave is Honda’s top selling model in the country. Honda Philippines has a 455-store network, half of which are in Luzon. Its
motorcycles are also available at multi-brand outlets nationwide. Julaton said sales for the 2012 fiscal year are expected to have “minimal improvement” from last year to reach “almost 400,000.” Combi ned i ndust r y sales at end-August this year slipped 2 percent with Japanese brands declining 14 percent. Motorcycles from China and Taiwan however bucked the trend with sales up by a fifth in the same eightmonth period and market share jumping to 37 percent from last year’s 32 percent. Chi nese motorc ycles are priced up to 50-percent lower, Julaton said, compared with Honda units whose honda/PAGE 9
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Mindanao biz forum slated in K. Lumpur MANILA, -- The Philippine Embassy in Kuala Lumpur reported that as a follow-up to the successful signing of the Framework Agreement between the Philippine Government and the Moro Islamic Liberation Front (MILF), the Mindanao Development Authority (MinDA) and the Embassy, in cooperation with the Putrajaya Chamber of Commerce, will be conducting the Mindanao Business Networking Forum on November 29 at the Berjaya Times Square Hotel. “Even since the signing of the Framework Agreement, there has been tremendous interest from Malaysian companies on investing in Mindanao. The forum capitalizes on this interest, and we hope that this would translate to actual sizable investments. We believe that through vigorous economic development drive, in tandem with the consolidation of peace, Mindanao will not only live up to its name as ‘the land of promise’, but become in fact promise fulfilled,” Ambassador J. Eduardo Malaya said in a Department of Foreign Affairs statement. Expected to be present are MinDA Chairman and Signing Minister for Brunei Indonesia Malaysia Philippines-East Asia Growth Area (BIMP-EAGA) Luwalhati Antonino, Autonomous Region in Muslim Mindanao (ARMM) Governor Mujiv Hataman and other key officials from the region and from Malaysia. They will be accompanied by some 50 businessmen from Mindanao This by-invitation forum aims to present to Malaysian businessmen and women and investors the current trade and investment opportunities in Mindanao, particularly in the following sectors: agriculture/agri-business development; tourism development; infrastructure development, particularly transport, power and renewable energy; and services, particularly Islamic finance and ICT-enabled services. There will also be a chance for Filipino and Malaysian
businessmen to interact in breakout sessions, as well as in one-on-one meetings with their counterparts. Malaysian companies expected to attend include Berjaya Corporation, Genting Plantations, Malaysian Biotechnolog y Corporation, Malaysia Airport Holdings Bhd, and Philippine Airlines (AirPhil) Malaysia, among others. The Malaysian Palm Oil Board, Department of Islamic Development Malaysia, Ministry of Agriculture and Agro-Based Industry Malaysia, Malaysia External Trade Development Corporation (Matrade) and MATRADE Manila have also confirmed participation in the event. The forum is in cooperation with the Philippine Trade and Investment Center-Malaysia, Autonomous Region in Muslim Mindanao (ARMM) Regional Government, Department of Trade and Industry, Board of Investments, and Department of Agriculture, MATRADE, and other supporting organizations in Malaysia. It is also supported by the Putrajaya Chamber of Commerce and the Berjaya Times Square. It is also a follow-up activity to the PhilippinesMalaysia Investment Partnership Forum held last May 29 in Kuala Lumpur, where Vice President Jejomar Binay was the guest of honor and keynote speaker, and the ARMM Mindanao Investment Forum, scheduled on November 23 to 26 in Cotabato City. Chairma n Antonino, Governor Hataman and other members of the Philippine delegation will also be participating in the BIMP-EAGA and Indonesia-MalaysiaThailand Growth Triangle (IMT-GT) Consumer Fair in Melaka from November 30 to December 2. The Fair will showcase Philippine high-value agrifishery products and tourism destinations, which will be participated in by 50 exhibitors from Mindanao and Palawan. (DFA)
BPI-MEDIA BUSINESS FORUM Ms. Rita Cancchela, BPI Head of Corp. Communications gives her message to media members in CDO during The Financial Welness seminar sponsored by the Bank of Phil Islands on November 26 at Malberry Hotel, Cag de Oro
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ATM Inaugurat ion (L-R) PVB VP and CorpComm H e a d M i ke Villa-Real, PVB AVP and Visayas Area Head Daisy Sibya, Iloilo Ci t y Mayo r Jed Pat rick Mabilog, PVB EVP and BBG Head Vic Garcia, and PVB VP and Branch Central Services Head Alfredo Santiago.
Goods and services exports post growth in Q3 The exports sector continued its rebound this year, albeit subdued, contributing to the two-year high economic growth of 7.1 percent in the third quarter of the year. Socioeconomic Planning Secretary Arsenio Balisacan said exports of goods rose by 6.7 percent in the third quarter from a negative 14.8 percent during the same period last year. This brought average goods exports to 8.1 percent in the first three quarters. "Although the sector's growth was still subdued, the surge in the overseas sales of metal components
(466%), telecommunications (473.8%) and office equipment (106%) maybe a sign of renewed vitality in the regional production networks, of which we are a part," he said. An economist earlier underscored the importance of participation in regional/ global production networks. This provides domestic firms not only access to more export markets but to newer technologies as well. Top dollar earners during the period also included control instrumentation, office equipment and ignition wiring sets. Losers, on the other hand,
were automotive electronics, other products manufactured from materials on consignment basis, electronic data processing, articles of apparel and clothing accessories and components/devices (semiconductors). Balicasan said services exports also rose by a robust 7.6 percent in the third quarter, driven by growth in the business process outsourcing (BPO) sector. "On the demand side, increased consumer and government spending, increased investments in construction, and the third consecutive quarter of growth in external trade contributed to the high-
est quarterly growth since the third quarter of 2012," said the National Coordination Board (NSCB). Balisacan attributed the Philippine third-quarter 7.1-percent gross domestic product, the fastest economic growth in Association of Southeast Asian Nations (ASEAN), to t he robust performance of almost the domestic sectors. With this, the country is well on its way to surpassing the growth target of 5 to 6 percent this year, he said. Year-to-date GDP already reached 6.5 percent. - Danielle Venz, PHILEXPORT News and Features
Bangus, from a tiny town to the world
By Carmencita A. Carillo PANABO CITY -- What started out as a dream project for the city of Panabo has now turned into a multi-million business for the local government. Not too many people know that the Panabo City Mariculture Park is a brainchild of Governor Rodolfo del Rosario when he was still the Secretary for New Government Centers during the previous administration. The Park started out with a 1,075-hectare area in 2006 covering the barangays of Cagangohan, J.P. Laurel, and San Pedro but which has been reduced to only 618 hectares as the city needed more area for its sport expansion project. The reduction has not affected the bangus production or environment protection in the area. “The park was established not only to provide livelihood for the local fishermen but also to accelerate the area’s economic growth and contribute to the country’s food security program,” Regional Fisheries Training Center director Andrew Ventura said. He said the Mariculture Park ’s growth is undeniable considering that it has almost tripled its incomeseed money of only P235.8 million in 2006 to P601.65 million as of 2012. The Park, which is a joint project of the local government of Panabo City and the Department of Agriculture-Bureau of Fisher-
ies and Aquatic Resources-11, had a total fish production of 6,998.80 metric tons (MT) in a span of six years, significantly increasing every year from 2.9 MT in 2006 to a high of 1,919 MT in 2009. “Our f lagship commodity is bangus although we also promote high-value species like siganid (danggit) and grouper (lapu-lapu),” Ventura said. The grouper is sold live to local Chinese restaurants but buyers usually complain of a shortage because of the high demand and previously limited production of the grouper. Ventura said the grouper is much more capital-intensive than bangus. While a five-inch bangus fingerling can cost only between P5 to P6, the grouper fingerlings are sold on a per inch basis at P10 per inch. And since the grouper has to measure four inches to avoid slipping out of the fish cages, one grouper fingerling can already cost P40. The carnivorous groupers also eat thrash fish which is more expensive than the commercial feeds for the bangus fingerlings. Exporting the Panabo Bangus Unk nown to many foreigners who enjoy eating the delicious fatty belly bangus in the United States, China, and the Middle East, the fish they are eating could have been sourced from Panabo City’s Mariculture Park. Companies like Alsons and Century Tuna source their bangus products from the Mariculture Park and export them. “These companies process
the bangus products into valueadded products like bottled bangus, deboned bangus and belly bangus which are highly in-demand in foreign countries,” Ventura said. Century Tuna alone gets 30 to 40 tons of fresh bangus from the Mariculture Park and processes them in General Santos City. While Alsons has its own fish cages in Malita and Malalag, it purchases 500- to 600-gram bangus as well as baby bangus from the Park. Ventura said the bangus from the Park are sold by Alsons and Century Tuna under their own brands so people are not even aware that some of the bottled and marinated bangus they are buying here and abroad are products of Panabo City. Providing livelihood for women, fisherfolks The Mariculture Park also provides livelihood opportunities for Panabo’s women and fisherfolks. The Cagangohan Women’s Association, with the government’s assistance, produces up to a thousand bottled bangus every month, which are sold in the malls and the local market at P95 per bottle. The government provided the initial capital as well as training for the women’s group which is now in its third year of operation. Fisherfolk families also benefit from the bangus industry in Panabo. A total of 20 fisherfolk families have been given one fish cage each family for their livelihood project. Ventura said BFAR’s counterparts are the cage structures and fingerlings while the fisherfolks provided
the feed supply at 600 bags per harvest. “We have negotiated with the Land Bank of the Philippines which has agreed to provide the fisherfolks with a financing scheme for the purchase of the feeds at 7.04 percent interest for every four months,” he said. The fisherfolks have already completed 100 percent repayment for their first loan for the May, 2011 and August, 2012 period and have reloaned. The families got an average income of P27,000 per month net of their capital. The private investors as well as the Park make sure they hire locals for various tasks in the Park. The locals are either hired to take care of the fish cages, maintain its cleanliness, harvest the bangus and even construct the net. Some are hired for mooring construction works. While the Panabo Mariculture Project shows all signs of being a success with a fish production of 1,418.20 MT and an income of P123.624 million as of October this year, Ventura said they are also faced with various challenges including the increasing cost of feeds and competition from unregulated fish cages. However, the income, production and the overall system of the Panabo City Mariculture Park is undoubtedly one of the most successful collaboration which should serve as a model to other communities. (RGA/LACPIA 11)
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Perspective THINK a minute… Some parents received this letter from their daughter who was going to university away from home. “Dear Mom and Dad, I wanted to let you know that I’ve fallen in love with a guy named Jim. He’s divorced with 3 kids and does not have a job. I’m moving in with him next week and I’ve decided to drop out of university because I think I’m pregnant.” On the next page she continued: “Mom and Dad, everything I wrote on the first page of this letter is false! None of it’s true! But Dad and Mom, it IS true that I got a C in Biology and failed English. And I need just a bit more money.”
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Hintsandtraces
FR. ROY CIMAGALA
IT’S a question of love. It’s a question of how we understand time, how we manage it, what we think its real objective is. We all know that time is some kind of measure that gives us an idea of the past, the present and the future. It gives us an idea of before and after, so basic in our system that we hardly give it any thought. Yes, it’s a very demanding and unforgiving element in our life. It simply ticks away, relentless in its march and flow regardless of what happens in the world. And what has passed, has passed definitively, never to return again. We cannot stop it nor make it run faster, unless we take it in a figurative way, or unless a lot of value added is given to it. That’s when we can say we have saved time or have multiplied it. That’s why many people get nervous when they consider the time element seriously. They invariably describe it as a most precious resource that should
be used most prudently and most productively. But put in the context of the over-all purpose of human life that includes our spiritual and supernatural calling, time acquires even more tremendous significance that we should know and appreciate. This is when we know that time is first of all a gift from God, indispensable because of our human condition. It just did not erupt into existence on its own. We have to be clear about this, because many of us just presume time as given, without making any effort to know where it came from and where it is supposed to go. As a divine gift, it springs from the eternity of God and meant to inhere in it always. It’s not meant to be detached from God’s eternity, unless in our foolishness we choose to distort reality and remove time from eternity. We have to be more aware, in fact, most keenly aware, of this crucial aspect of our time here on earth. Without getting unduly fuzzy about it, we should not be casual in our attitude toward it. In itself, the passage of time has the savor of eternity, to which we are constantly invited to discover and taste. This is the challenge we have, and it requires nothing less than broadening our mind, and grounding ourselves more firmly on our faith, hope and charity. In short, we are supposed cimagala/PAGE 7
fix it, or learn to accept it. Remember the Prayer of Serenity: “Lord, give me the courage to change the things I can, the grace to accept the things I can’t, and the wisdom to know the difference.” But looking at your problem with a positive attitude is only the first step. It’s not enough. We still need someone Who can give us the inner peace and strength we need to make it through, week after week. Someone who will give us the love we need so we do not quit and fail others or ourselves. Only Jesus has that kind of strength and love that never quits. So right now, why not simply ask Jesus to forgive you and take com-
Think a minute
JHAN TIAFAU HURST
plete charge of your life? He will give you not only His right perspective and peace to accept what you cannot change, but He’ll also give you the inner willpower and courage you need to change those things you can. Just Think a Minute…
Dealing with your Holiday Debt your holiday debts and amount required on other through the Internet or by Speaking out off still look forward to a bright debts. This will lessen your holding a garage sale. This
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Making time timeless
Fairly smart girl! Even bad news can sound like good news if you see it from a certain perspective. We help ourselves if we look at our problems and realize that they could be much worse! We don’t have to look far to find someone who is having much worse problems and pain than we are. One question that does not help us to ask is: “Why did this happen to me?” That just makes us angry, bitter and full of self-pity, which only makes our problem seem worse. It can even paralyze us so we don’t move forward in our life. Instead, simply ask yourself: “What am I going to do about it?” Then either change and
IGNACIO BUNYE
HAVE you experienced the classic “holiday debt hangover”? The Financial Consumer Affairs Group (FCAG) of the Bangko Sentral ng Pilipinas said that this type of hangover is usually experienced during the months following the Yuletide season — when the shopping, parties, and gift-giving have practically drained most of your financial resources. Worry not, the FCAG has come up with another list of useful tips so you can wipe
New Year: • Conquer your fear and bravely face the situation. The first step — and sometimes the most difficult — is to admit that there is a problem that needs to be fixed. • Assess the damage. Gather all bills and receipts and tally up your debts. • Make a serious plan and a firm commitment to pay off and clear all debts within a specific time frame or schedule. • Pay debts as quickly as possible to prevent interest charges from ballooning and to protect your credit standing. Resolve to pay debts as soon as possible. Do not let them carry over year after year after year. • Pay as much as you can. Do not pay just the minimum amount due on your credit card statements. • Prioritize debts. Pay high-interest debts f irst while paying the minimum
overall interest payments and shorten the period of time it will take you to repay your total debt. • Bust open your piggy bank. The holiday debt situation can be classified as one of the rainy days that you have been saving for. • Maximize windfalls. If you have received a raise or earned extra cash, use them to pay off debts. • Don’t pay credit with credit. Avoid obtaining loans to pay off your credit card debts, for example. • Keep or lock up your credit card for the time being to avoid using it further and accumulating more debts. Use cash for purchases whenever possible. • Go on a spending diet. Trim the budget fat which may include limiting trips to the mall cafe, bringing lunch instead of eating out, or commuting to work. • Sell some old stuf f
is also one way of clearing up the clutter in the New Year. • Go for debt restructuring. Negotiate with banks and credit card companies for affordable payment terms or “paylite” schemes to help you pay off your debt. • It would be wise to start planning for the next holiday season. Set up a Christmas fund, do your shopping the whole year round, and take advantage of store sales. Doing so would spare you from holiday panic and impulse buying, overspending, and suffering another round of financial hangover. The FCAG said that the best advice it could give would be to stay positive. Love and forgive yourself for these “mishaps” and learn the precious lessons that go with every life experience. You may e-mail us at totingbunye2000@gmail. com.
So you don’t fear a Catholic vote? HOW dare you! Interestingly enough with the church saturated all over the country and Roman Catholic being predominantly the national religion; to hear a senator say there is no Catholic vote to begin with, so do not fear the church and vote on the RH bill is an act of selftermination. It has to be, considering we are mostly Roman Catholics since birth. Just because the church has not endorsed a single politician or political party does not lend meaning that there isn’t one. Many other break-away evangelists groups may have succeeded in promoting specific candidates so much so that these candidates bear gifts and court their endorsements; the Catholic Church has always been prudent and has left politics to the individual. But to announce with
confidence that we should not fear a Catholic vote is total nonsense. Worse would be to go against the dictates of the church with Representatives voting against its pronouncements. Personally, I take offense and should you not and stand by idly with pronouncements such like these; is intolerable. By 2013 the lections will take its course and the outcome will be forthright. Dynasties will finally fall and this will be the doing of no less the Catholic vote. Those who voted to promote the RH bill will suffer its consequences. Candidates who belong to dynasties however numb they have mutated into will feel the wrath of the people. And should this not be the case; all would be lost anyway! There is also the education that needs to be sustaining till Election Day of course.
There are many who do not like dynasties but still do not know the meaning or how far the dynasty issue applies. While there is the first to the fourth level on consang uinit y t he issue remains intolerable for father, spouse, sons and daughters. Then there are those who to rotating chairs with their uncles, nephews etc., Article II is forthright, there is no need to expound the meaning or the definition of dynasty, it is against our constitution. Our leaders need to be living examples for the people who have given them mandates. As our president has coined “ikaw and boss ko”; how is it he too does not heed the call of the people against dynasties or against the RH bill? Are the surveys true when TV is endorsed to promote these atrocities against the people? Or is the handiwork of PR firms and
Superbranding
HARRY TAMBUATCO
spin doctors in the pockets of big money be it the pharmaceuticals or rich businessmen? Elections lend to the endorsement of the people and should the two biggest political parties not land their national candidates into positions considering they are both from the same side; this will tell the President who the real boss is! Let us hope he is listening.
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Rice... from page 8
country’s quantitative restrictions in rice through the special treatment, in view of the critical role that rice plays in the food and livelihood security of the Philippines,” the statement read. “Rice is the predominant staple in the Philippines and the primary source of employment for at least 2.4 million farmers, majority of whom are small land-holders subsisting in poverty.” Quoting Mr. Recide, the department noted that the
WTO council concerned had endorsed the continuation of talks “and for members to remain fully engaged so that solutions to the concerns of the remaining few but influential members can be had by the next meeting of the CTG in late March 2013.” Mr. Recide said that “India came out strongly supporting” the Philippines’ request for extension, while Australia, China, El Salvador, Indonesia, Pakistan, and Thailand endorsed the request of the Philippines “for more time so that the talks can be concluded soon.”
BFAR defends tuna fishing ban exemption GENERAL Santos City -- Calling it beneficial to the country’s tuna spawning areas, the Bureau of Fisheries and Aquatic Resources (BFAR) has defended the earlier lifting of the ban on the use of fish aggregating devices or FAD fishing operations by Filipino fishermen in the high seas off the Pacific Ocean. Asis Perez, BFAR national director, said at the ongoing 9th Western and Central Pacific Fisheries Commission (WCPFC) meeting in Manila that the exemption on FAD fishing in Pocket 1 of the high seas in the Western Pacific Ocean has helped ease the pressure on the country’s tuna spawning and nursery grounds. He cited the Sulu Sea and the Sulawesi Sea, which are said to be the spawning grounds of the highly migratory yellowfin
tuna and skipjack in the country. “But we are willing to sit down with everybody to discuss issues related to the opening of Pocket 1 to Filipino tuna fishing vessels,” he said. Pocket 1 is an area of more than 560,000 square miles ofinternational waters north of Papua New Guinea and east of Indonesia. Perez said they are still consolidating data catches both inside Philippine waters and the initial landings of tuna catch from the reopened high seas pocket exclusively for Filipino tuna fishing vessels. He said there are marked differences in the sizes of skipjacks and other tuna-like species caught between two fishing grounds. The initial tuna catch from the high seas, after it was re-
opened recently, are far significantly longer and larger that those caught inside Philippine waters, he said. Perez said the sample size of the recent catch landing from the said area is still very small for the Philippines to determine its impact to the tuna stock. He also refuted suggestion that more than 400 Filipino fishing vessels are now deployed in the area reopened to the Philippines. Of the 36 fleets allowed to fish in the area, he said only 11 have so far reached the area with some still working on to comply with the stringent requirements of the WCPFC. Perez said the Filipino fishing vessels now in the area could not be more than 50 vessels. He also reported that, so far, only 678 metric tons of
tuna catch have been landed at the fish port complex here. Several participating member countries in the WCPFC meeting are calling for the total closure of at least four high seas pockets that lie across the migratory path of tuna and other tuna-like species. The WCPCS is still discussing a draft conservation management measure that will be submitted to the plenary session. Among these is a four-month closure on FAD fishing and purse seine operations, both in exclusive economic zones and the high seas. WCPFC is currently imposing a three-month ban on FAD fishing among its member countries and have closed four pockets of high seas in the Western Pacific ocean. (PNA)
Cimagala...
and schedules on a daily and weekly basis, etc., not so much for the purpose of effectiveness and productivity as for showing our love for God and for working always in tandem with him. That should be the abiding criterion to use when we start allocating time for the different things we need to attend to. We have to constantly ask ourselves, “Is this what God really wants me to do at this moment, or for this afternoon, tonight, tomorrow, next week, etc.?” Other guiding questions can be asked: “How much
time should I allot to this activity? What precautionary measures should I use to keep me always in contact with God, avoiding being swallowed up by the dynamics of an activity?” Related to the virtue of order are other virtues that can be helpful—the capacity to focus on the objectives with intensity and perseverance, to anticipate things, to be prudent and flexible as circumstances can change along the way, to remain calm and cheerful. We also need to learn how to be patient and optimistic,
as well as resourceful and creative. Most of all, we have to learn how to grow and glow in charity even in the drudgery of a routinary work, and how to handle tiredness and the different forms of pressures, physical, emotional, mental. Making time timeless can indeed be truly exciting, capable of turning the prose of every day into heroic verses of love and dedication. Lastly, we have to find time to rest, and that can only be with Christ who said: “Come to me, all you who labor and are burdened, and I will refresh you.” (Mt 11,28)
from page 6
to constantly exercise our faith, hope and charity to fathom the real and ultimate meaning of time, and to connect it to the eternity of God. In this regard, we have to take special care on how we manage our time, on what we use it for, etc., for on these questions depends our success or failure to make time timeless, that is, to make it acquire the character of eternity. We have to develop the virtue of order therefore, making appropriate plans
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New technology against banana disease to undergo field test By BEN D. ARCHE Correspondent
DAVAO City – The Department of Agriculture (DA) Davao Region is set to run the actual field test of the new anti-fusarium technology to ease the problem on Fusarium Wilt or k nown as t he Panama disease haunting the banana industry in the region. The DA’s Anti-Fusarium Task Force headed by Dr. Susan Razo will be finalizing the use of the technology against
Panama disease with the technical team of the company that developed the solution. Razo said the task force will discuss with the team of the Delfi Agriventures Corp. on the next step to be undertaken after the technology demonstration conducted in Panabo City, Davao del Norte on November 14. Panama disease is a fungal disease that threatens to topple down the multibillion banana industry not only in the
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region but also in other parts of the country. The application of the new technology involves three processes which include injection treatment, soil treatment, and maintenance application using Agrimin Plus, Tierra Green Plus and Tri-focplus products. DA will conduct its field demonstration in a one hectare untreated plantation severely infested with Fusarium, Razo said. “After a year, let’s wait for the result
first,” she added. If the test yields a better result, Razo said DA will allocate some P1 million for the technology which will be served to smallscale and independent banana growers that could not afford to treat their banana farms against the disease. In times of loss, Razo however said Delfi will be the one to pay the expenses. “We will not take the risk if we are not that confident with the technology,” Razo told.
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PH mission cites gains in rice quota extension talks
THE PERMANENT Mission of the Philippines to the World Trade Organization (WTO) has reported some gains in the country’s bid for an extension of its quantitative restriction on rice imports until 2017, the Department of Foreign Affairs (DFA) said in a statement yesterday. The quantitative restriction (QR) allows the Philippines to impose higher tariff on rice imports beyond a certain volume. The Philippines had secured a sevenyear QR extension in 2006. The DFA said the proposal “received strong support from World Trade Organization (WTO) members….” “During t he Council for Trade in Goods (CTG) meeting on Nov. 26, the Philippines continued to seek consideration of a request
for a five-year extension (or until 2017) of the special treatment of rice,” the DFA said. “The request would allow the Philippines to continue quantitative restrictions limiting rice imports, subject to a reduction of in-quota tariff, agreement on minimum access volumes, and the conduct of annual reviews.” Agriculture Assistant Secretary for Policy and Planning Romeo S. Recide led the Philippine rice negotiating panel, which also consisted of National Food Authority Officer-in-Charge Ludovico J. Jarina and Ambassador Esteban B. Conejos, Jr., permanent representative of the Philippines to the WTO. “The Philippine delegation underscored the importance of continuing the rice/PAGE 7
Pineapple that tastes like voconut created
MELBOUR NE -- The Queensland Dept. of Agriculture has created a new variety of pineapple that tastes like coconut, senior horticulturalist Ga r t h Senewsk i sa id Wednesday. Senewsk i sa id t he AusFestival pineapple has been 10 years in the making and was now in the final stages of produc-
tion. “Taste tests tell us that AusFestival is a winner -- it has this lovely coconut f lavor, which you won’t find in any other pineapple in Australia. “It’s sweet, low acid, very juicy,” he told the ABC. He said researchers did not intentionally create the coconut f lavor.
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from page 11
pleasant surprise for the w hole cou nt r y a nd we should be all happy about that growth,” he said. The government’s 2013 growth target was a range between five and seven percent . Last October, the World Bank (WB) again revised upwards its growth projection for the domestic economy this year to five percent. The forecast was previously upgraded to 4.6 percent from 4.2 percent. Similarly, the Asian Development Bank (ADB) also upgraded its growth projection for the economy this year to 5.5 percent from 4.8 percent after a strong in the first half of the year at six percent. Also, the International Monetary Fund (IMF) sees above five percent growth of the domestic economy this year. (PNA)
Remitters... from page 11
uting to wealth distribution across all of the Philippines,” she added. She said “with the same hard work and determination as their international counterparts, we are also seeing local migration increase and family coffers strengthened remotely. We appreciate and see first-hand, what it means
for Filipinos to sacrifice and be away from their families to earn income, just as we see families who haven’t moved distribute their income for the comfort of the wider family.” Western Union has been moving money within the Philippines since 1995 and offers 8,800 agent locations in the country. It has a global network of 510,000 agent locations in 200 countries and territories.
Cepalco... from page 1
by typhoon Sendong last year. To recover the amount, Cepalco proposed increasing its rates by P0.0075 per kilowatt-hour in 2013, P0.0079 per kilowatt-hour in 2014 and P0.0074 per kilowatthour in 2015. Cepalco distributes electricity to the city of Cagayan de Oro, and the municipalities of Tagaloan, Villanueva, and Jasaan in Misamis Oriental. ERC rules allow utilities to pass the cost of damages from “force majeure events” or acts of nature to their customers. Cepalco said some of its damaged facilities were insured but it has yet to complete the required documents that will be used to evaluate and asses the amount that will be indemnified by the company’s insurance agent. “Cepalco will submit the
REPUBLIC OF THE PHILIPPINES REGIONAL TRIAL COURT 10TH JUDICIAL REGION BRANCH 28 MAMBAJAO, CAMIGUIN In the Matter of Petition for Issuance of Original Copy of Original Certificate of Title No. P-5091, Lot 252, of the Registry of Deeds of Camiguin,
MISC. CASE NO. 118
LIZA PATANGAN CHAN, Petitioner, -versusATTY. ALMA CONCEPTION M. PARREÑO, In her capacity as Ex-officio Register of Deeds of Camiguin, Respondent, X-------------------------------------------/ ORDER Petitioner, who is of legal age, Filipino, married and resident of Mambajao, Camiguin, thru counsel, states that she acquired ownership over of a parcel of land located at Langcangan, Poblacion, Mahinog, Camiguin, identified as Lot No. 252, covered by Original Certificate of Title No. P-5091, in the name of Nicomedes Patangan, duly registered in the Office of the Register of Deeds of Camiguin, thru an Oral Partition before his father’s death last November 2007. That the owner’s duplicate copy of the OCT of the aforesaid parcel of land was lost and despite earnest effort to locate it, the same prove futile. The fact of such loss was duly registered in the Office of the Registry of Deeds of Camiguin. That the subject Original Certificate of Title has not been pledged or used as Collateral for any mortgage contract or for any contractual obligation or otherwise delivered to any person or entity to guarantee any obligation and for any other purpose. It is the main thrust of the petition that after hearing the Owner’s Duplicate copy of the Original Certificate of Title which was lost be declared null and void and a new Owner’s Duplicate copy of the Original Certificate of Title No. P-5091over Lot 252 be issued in lieu thereof under the same terms and conditions as contained in the original on file. The petition being sufficient in form and substance is hereby set for hearing on December 11, 2012 in this Court’s Session Hall, to start at 8:30 o’clock in the morning. Let copy of the petition together with all its annexes and of this Order be furnished The Register of Deeds at Mambajao, Camiguin; The Administrator, Land Registration Authority at Quezon City; and Provincial Prosecutor of Camiguin. The Process Server of this Court is directed to post copies of this Order in the 1.)Bulletin Board-PublicMarket,Mahinog,Camiguin; 2.)Bulletin Board-Municipal Hall, Mahinog, Camiguin; 3.)Bulletin Board-Provincial Capitol, Mambajao, Camiguin; and 4.) Bulletin Board – this Court. Let copy of this Order be published at petitioner’s expense once a week for three consecutive weeks prior to the date of hearing in any newspaper of general circulation in the Province of Camiguin. Any person or entity whose interests might be adversely affected by this proceeding may file written opposition within a reasonable time prior to the date of hearing and appear personally during the hearing to substantiate the same. SO ORDERED. Done at Mambajao, Camiguin, this 26th day of September 2012. RUSTICO D. PADERANGA Judge BWM: NOV. 23, 30 & DEC. 7, 2012
amount it will be indemnified by the insurance company as soon as it will be available,” it said. Typhoon Sendong hit the northern part of Mindanao in December last year causing massive f loods and landslides in the region.—with InterAksyon
Armm... from page 1
velopment and establish protected area systems” said Hadji Kahal Kedtag, DENRARMM secretary. Hataman said that the participation of Local Government Units especially in the Province of Lanao del Sur is critical for the success of the FLBD project. “We earnestly enjoin our Honorable Mayors and their respective Sanggunian Bayan to support us in the implementation of this Forestland Boundary Assessment and Delineation Project. We cannot do this alone and we need to muster all our resources and achieve the involvement of the local officials.” Hataman said. He said that whatever comes out of the project would be for the development of the Bangsamoro people and for the ARMM in general. “Rest assured that your DENR-AR MM w it h t he guidance of our Regional Governor will continue to work for the betterment of our environment not only
for the present generation but for the future generation as well. We will always adhere to the “Matuwid na Pamamahala Tungo sa ARMM na Masagana’t Mapayapa”. Kedtag said.
Honda... from page 3
ra nge f rom P50,0 0 0 to P160,000. Paralisan said the domestic motorcycle industry was aiming to sell up to a million units in 2010, but annual sales had stalled at 600,000-700,000. He said motorcycle sales have been rising at a faster rate elsewhere in Asean, with volumes in Indonesia hitting five million units a year, while those in Vietnam and Thailand at two million and 1.5 million, respectively.
Cocoons... from page 2
sphere and the stored grain. It can be used for paddy, brown rice, and other cereal crops such as corn as well as coffee. According to a literature from the International Rice Research Institute (IRRI), hermetically sealed grain storage systems improve grain quality and seed viability because they maintain the original storage moisture content and reduce pest damage without using pesticides. Seeds can be stored safely for 9-12 months or even
Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region BRANCH 42 Medina, Misamis Oriental oOo IN RE: PETITION FOR LETTERS OF SP. PROC. CASE NO. 311-M ADMINISTRATION OF THE INTESTATE ESTATE OF THE LATE MARLON ANTHONY PANLILIO BAYHON, PEREGRINO BABIA BAYHON, Petitioner. x---------------------------------------------/ NOTICE TO CREDITORS OF THE INTESTATE ESTATE OF THE LATE MARLON ANTHONY PANLILIO BAYHON Letters of Joint Administration having been issued in the aboveentitled case in favor of PEREGRINO BABIA BAYHON and MAILA LIZA BAYHON BALABA. IT IS HEREBY ORDERED that notice be, and the same is hereby given, requiring all persons having claims for money against decedent, MARLON ANTHONY PANLILIO BAYHON arising from contracts, express or implied, whether the same be due, not due, or contingent, for funeral expenses and expenses of the last sickness of the said decedent, and judgment for money against him, to file said claims with the undersigned at the REGIONAL TRIAL COURT - BRANCH 42, MEDINA, MISAMIS ORIENTAL on or before May 31, 2013, serving a copy of the claim to the appointed Joint Administrator at their address at Tup-on, Medina, Misamis Oriental. SO ORDERED. Medina, Misamis Oriental, October 18, 2012. (Sgd.) RAMONITO O. L. SALISE Acting Branch Clerk of Court BWM: Nov. 21, 28 & Dec. 7, 2012
longer resulting still in high germination rates and head rice yields are typically increased by 10%. Bird and rodent damage are also reduced. Amalia Jayag-Datukan, regional executive director of DA 12 said, the distribution of the hermetic cocoons is one of the indications of their full support to the achievement
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of goals of the Food Staples Seld-Sufficiency Program (FSSP) of the department. The distribution of the storage facilities was held on November 21 , along with the turn-over of P25-million worth of rice combine harvesters and rice threshers to farmer group beneficiaries under the AgriPinoy Palayan Program.
CAGAYAN DE ORO Main Branch P & J Lim Bldg., Tiano Brothers – Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN Branch B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES Branch Corrales Ave., Cagayan de Oro City DIVISORIA Branch Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN Branch Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739a
Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12TH Judicial Region BRANCH 07 Tubod, Lanao del Norte In re:
PETITION FOR CHANGE OF LAST SPL. PROC. NO. 272-07-2012 NAME IN THE CERTIFICATE OF LIVE BIRTH OF ORLANDO BUHISAN UNDER THE SPACE “NAME OF CHILD” WHICH HAS BEEN REGISTERED AS ORLANDO BUHISAN SOILO INSTEAD OF ORLANDO BUHISAN ZUELO UNDER THE SPACE “NAME OF FATHER” WHICH HAS BEEN REGISTERED AS FORTUNATO VALIOS SUELO INSTEAD OF FORTUNATO VALIOS ZUELO, UNDER THE SPACE “DATE OF BIRTH” WHICH HAS BEEN ENTERED AS SEPTEMBER 19, 1965 INSTEAD OF SEPTEMBER 19, 1963.
ORLANDO BUHISAN ZUELO, Petitioner. - versus THE LOCAL CIVIL REGISTRAR OF SIQUIJOR, NEGROS ORIENTAL, Respondent. X - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -/ ORDER A verified petition for Change of Name in the Certificate of Live Birth was filed before this Court on September 5, 2012 by the herein petitioner praying among others that after notice and hearing, an Order be issued directing the Respondent to effect the change of his name in his Certificate of Live Birth. Petitioner alleges that he is of legal age, married, and resident of Pualas, Tubod, Lanao del Norte, Philippines. Respondent is sued in his/her official capacity. Petitioner is the son of spouses FORTUNATO VALIOS ZUELO and MARTINA BUHISAN ZUELO who was born on September 19, 1963 at Tongo, Siquijor, Negros Oriental. That his birth was registered at the Respondent’s office, however, his “last name” was erroneously entered as SOILO instead of ZUELO. In the same Certificate of Live Birth under the space “Name of Father” the “last name” of his father was also entered as SUELO instead of ZUELO and his ‘date of birth’ was entered as September 19, 1965 instead of September 19, 1963. That the “last name’ of petitioner is ZUELO and that he was truly born on September 19, 1963 as evidenced by his Philippine National Police Identification Card bearing the name SPOI ORLANDO BUHISAN ZUELO and PSSLAI Membership Card. That there is a need to correct and change the entries in the Certificate of Live Birth under the space “date of birth”, his “last name” and the “last name” of father as found in his Certificate of Live Birth to avoid confusion and to confirm to his true date of birth, his last name, and the last name of his father. He has never been charged neither convicted of any offenses or infraction of laws. That the sole purpose of filing the instant petition is to correct his birth record to conform to the true and correct “last name”, the “last name” of his father and his “date of birth”, and not to conceal any identity neither to evade any obligation from any person or entity. Set the initial hearing of the case to January 13, 2013 at 8:30 in the morning before the sala of this Court. Any persons/s interested to the petition may come to Court on said date and time to show cause why said petition should not be granted. Furnish copy of this Order to the Office of the Solicitor General at Makati City, Office of the Public Prosecutor in Tubod, Lanao del Norte, office of the Local Civil Registrar of Siquijor, Negros Oriental, Atty. Florendo B. Opay, counsel for the petitioner, and to the petitioner, Orlando B. Zuelo whose address is at Pualas, Tubod, Lanao del Norte. Petitioner is hereby directed to publish copy of the Order at Business Week Mindanao, a newspaper of general circulation for three (3) consecutive weeks, at his expense. So Ordered. Tubod, Lanao del Norte. November 19, 2012. (Sgd.) WENIDA M. PAPANDAYAN Designate Presiding Judge BWM: Nov. 21, 28 & Dec. 7, 2012
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Doctoring the Law ignites ‘musical show for a cause’ A
s much as we want to showcase our talents through this musicale for a cause, we want to help and reach out for breast cancer patients and throw awareness to the city that these people (breast cancer patients and survivors) need extra attention to supplement their financial, psychological, and social needs; further to entertain and sustain. These words blown my silence as I was listening to Doctoring the Law forerunners, Atty. Sam Tan and Dr. Mav y De L eon’s response when asked by the members of the press why they decided to conceptualize the show. “We want to help an d s om e t h i ng mu s t b e done to these breast cancer patients”, Atty. Tan stressed. Doctoring the Law is a special musical production for the benefit of Thrive CD O, a non-sto ck, non-
By CHRISTINE H. CABIASA
profit organization aimed to create awareness on breast cancer and help breast cancer patients at large to stage on December 15 at Rodelsa Hall, Liceo de Cagayan University. Aside from putting good use of a musical concert through a charitable event, this will be the first time also for the two professionals, Atty. Tan and Dr. De Leon to collaborate in a production. They have had private engagements and appearances as guest performers but this will be their first time to be seen performing in public. At t y. S a m Ta n i s a lawyer, businessman, and a thespian. His experience in theatre includes stints wit h t he C ent ro Es colar University Dramatic Guild and trainings with the Repertory Philippines and Tanghalang Pilipino and has performed in the Oro’s
staging of Eve Ensler’s The Vagina Monologues. Further, Doctoring the Law’ advocacy is very close to Atty. Tan as he personally advocates the fight against cancer after losing both of his parents because of cancer. On the other hand, Dr. Mavy De Leon is a top-notch nurse and a medical doctor, a fashion designer, model, and a performance artist. Dr. Mavy’s decision to team up with Atty. Sam connotes a special attention for he is aware also of the plight of women in fighting cancer after years of being in the medical world. Dr. Mavy has always been also an artist and a performer during her college years. With the artists’ heart on breast cancer patients, they did not think twice in choosing Thrive CDO. Thrive CDO works in par tnering with lo cal
government units, schools and other interested organizations on bringing women’s health care services, particularly for affordable or free breast cancer screening and su rge r y to i nd i ge nt patients. Alongside with it, the group’s mission is to present f a c t s , d i s p e l my t h s an d prov i d e i n for m at i on on he a lt hcare providers for breast cancer patients in the community, thus educating the public on breast cancer. Do c toring the L aw is directed by Owen Jaen with script by Arlyn Baqui and music a l ar rangement by Neil Go. It is a must-watch. You will be entertained at the s ame t ime you c an help breast cancer patients as proceeds of the show will be given to them. Donations amounts to a minimum of P300 and up.
DOC. MAVY DE LEON
ATTY. SAM TAN
PressCon Photos by RONALD MASTAIL
OWEN JAEN
BENJIE S. MANUEL
Devouring a classic success with a modern twist (The Mesa- The Filipino Moderne Fricassee)
I
t has been every little Filipino’s favorite to make inroads on the love for eating and the love for classic food, be it confined from west or north or from the east’s amour. Everybody loves to eat and loves to experience new touches on typical dishes. Everybody loves to savor menus foreign in their taste buds. Furthermore, everybody loves this so called stew-sizzled fricassee for time-honored Filipino delicacies served with a modern twist. Now, green light for Kagay-anons as Mesa-The Filipino Moderne fried their way to the City of Golden Friendship bringing mouth-watering cuisines as they opened their first branch at Centrio Mall. “It is actually the passion for food”, Ricky Dy, owner of Mesa confessed when asked how Mesa was conceptualized. He flew from Manila just to witness the grand opening of his 15th Mesa branch in the city. Mesa was originally pictured as La Mesa with its first resto along Greenbelt established in 2009 with customers allowed to prepare their ordered menus
Story & Photos By CHRISTINE H. CABIASA sizzling hot in their respective dining tables. “La Mesa because simply Filipinos eat in the ‘mesa’, Dy stressed. In the limelight of success Later on it was shortened to “Mesa” as patrons bid to have their preferred dishes ready in their dining tables. It does not hindered Mesa owners to expand their business and commitment to serve quality Filipino classics yet urged them to do more and served more. “We do reengineer new menus”, Dy said. Making new bills of fare for changing customers drew more add ups to Mesa. As they say, business is business yet “being focused on what you do” will bring you to this seven-lettered elusive word called success. Now, Dy has 38 resto units, 80 fast food chains, two high-end restos, institutional accounts, and mall developments nationwide. “I can consider having 15 branches of Mesa in the country as one of my greatest achievements but it is just one of those”, Dy avowed. Good thing Mesa is in
Cagayan de Oro, now you can taste and experience classic Filipino foods refined with a modern touch with our various way of presenting one-of-a-kind dishes~ Ricky Dy. At the height of everyone’s enjoyment guzzling up Mesa’s best, three-fold observation in the eyes of the owner, the franchiser Mags Cue, and the diners. The owner has this wide hope that Mesa in the city will be patronized by the Kagay-anons and will truly preserve Filipinos best through time; the franchiser has this vision to expand the store in the neighboring cities and towns of Cagayan de Oro as it was ignited in the city and will continue the mother branch’s commitment on serving quality foods to the Filipino people; the diners (one is this writer) has this perception that people will catch Mesa’s best in response to their commitment. Honestly, with silverplattered served dishes at reasonable prices, you can cry your heart out in deep satisfaction and happiness. Satisfaction on the foods being served and unfathomable
happiness when shared with family and friends topped it all. I’ve been to many restos and grills yet as to this time’s publication, I assure you Mesa is the best so far. It’s as if I’m in Greenbelt, from its cozy ambiance to the welltrained crews, you can say “Ang sarap balik-balikan”. You’ll get stacked on your chairs when you dine at Mesa. I’m running out of words on how to further describe Mesa yet one thing is for sure, no words can describe it. It’s best for family and other social gatherings. You can assure quality dishes, top appetizers, never-been-tasted sea foods presentations, eyes-breaking desserts and coolers, and fitfor-king gratifying meat and fishes menus. Experience classic Filipino food with a modern twist at Mesa- The Filipino Moderne, Ground Floor, Centrio Mall. Your taste buds will be cut as those aforementioned words reached your tongue, dine at Mesa and mind you maybe you can write a whole of yellow paper reviews for Mesa, all thumbs up.
Diners happily savoring Mesa’s best menus inside the house.
Rondalla Circle of Liceo U serenading the diners with classic Filipino songs.
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Pinoys biggest domestic remitters: Western Union
Banking & Finance
11
BPI sees above 6% GDP for PHL, strong growth for banks in ‘12
FILIPINOS in the country are the largest funders of domestic remittances, said Western Union, which has announced a price drop across all its domestic money transfer services to reward remitters. In a statement, Western Union said more than 80 percent of domestic remittances are sent by in-country Filipinos—representing those who are permanent residents as well as domestic migrants who have left their homes in pursuit of employment and other economic opportunities. Around 20 percent of domestic remittances are funded by individuals who have also received international remittances from overseas Filipinos, the intelligence said. They are remitted from 143 cities in 78 provinces of the Philippines, with 10 cities—Quezon City, Manila, Makati, Caloocan, Parañaque, Pasig, Mandaluyong, Taguig, Pasay and Baguio— taking the lead. “This trend signifies the true Filipino spirit of giving back to family and loved ones—no matter how far and wide our citizens live,” said Patricia Riingen, company senior vice president for Western Union, East and South Asia. “It is also an indicator that the Philippine economy is strengthening with local income generation contribremitters/PAGE 9
GOKONGWEI-LED Robinsons Bank Corp. posted a 23% increase in net income in the first three quarters of the year as its trading income surged. The bank booked a net income of P353.5 million as of September, 23.34% higher than the P286.6 million registered in the same period last year, Robinsons Bank Corporate Planning Head Mykel D. Abad told BusinessWorld in an e-mail last Thursday. “Robinsons Bank’s net income was propelled by the expansion of our lending business and higher income from our trading operations,” Mr. Abad said.
THE investment banking arm of the Metrobank group is set to offer exchanget r a d e d f u n d s ( E T F s) , considered as the world’s fastest-growing asset class. In a disclosure to the Philippine Stock Exchange, First Met ro Invest ment Corp (FMIC) said its executive committee approved setting up an ETF, subject
to regulatory approvals. FMIC will initially provide the seed capital of P250 million, while First Metro Asset Management Inc will be the fund manager of the ETF. In October, the Securities and Exchange Commission released the implementing rules and regulations of ETFs, expanding the list of
THE Bank of the Philippine Island (BPI) sees strong growth both for the domestic economy and the banking industry for 2012. “Banks mirror the economy so if the economy is doing well I think this year the banks will do fine,” Bank of the Philippine Island (BPI) president and chief executive Aurelio Montinola told reporters recently. Montinola projects a five to six percent growth, as measured by gross domestic product, for the Philippines
this year, similar to government growth goal for the year. “I think anything over six (percent) for the Philippines is good,” he told reporters recently. In the first three quarters this year, the economy registered the strongest growth in the ASEAN region at 7.1 percent, the second fastest in Asia after China’s 7.4 percent. “Clearly we’re doing well. And that’s a credit to the government as well as the
private sector because both sides have worked well to get to that stage,” Montinola said. For 2013, the BPI chief sees a growth of over five percent for the domestic economy. “From our point of view anything above five (percent) should be minimum and anything closer to 5.5 to six is good. And anything above six is a bonus because the base is also low,” he said. “If it’s seven it’s a subpi/PAGE 9
Robinsons Bank ’s net earnings translated to an 8.68% return on equity, or net income in proportion to stockholders’ investment. The bank’s net interest income inched up by 2.58% to P793.6 million as of September, with its loan portfolio expanding by 21% to P17.1 billion. Commercial loans accounted for 72% of total loans, while consumer loans made up the remaining 28%. Mr. Abad noted that Robinsons Bank “felt the narrowing of spreads from interest earning channels in spite of an increase in loan volume.” Deposits, meanwhile, summed up to P26.7 billion
as of September. Robinsons Bank’s noninterest income, on the other hand, surged by 59.05% to P512.3 million. “The increase primarily came from trading income,” Mr. Abad said, but did not say how much were the bank’s actual earnings from trading during the period. On the expenditure side, the bank’s operating expenses rose by 18% to P812 million as a result of branch expansion, hiring of more employees and information technology investments to position the bank for further growth, Mr. Abad said. Robinsons Bank’s nonperforming loan ratio -- or
the ratio of soured loans to total loans -- stood at 4.2%. As of September, the bank’s capital adequacy ratio -- a measure of a bank’s financial strength -- was at 23%, safely above the central bank’s 10% minimum requirement. The bank currently has 64 branches nationwide and it plans to open two more branches by the end of the year. The location of the branches is yet to be determined, Mr. Abad said. Amid a low interest rate environment, which has squeezed the bank’s net interest margins, Mr. Abad said Robinsons Bank will focus on “higher-yielding consumer
loans and develop fee-based opportunities in the small and medium enterprises market.” Robinsons Bank is a subsidiary of listed JG Summit Holdings, Inc. It used to be a thrift bank until it purchased the Royal Bank of Scotland (Philippines) from The Royal Bank of Scotland Plc and the Royal Bank of Scotland N.V. through a share purchase agreement in February 2010. A commercial banking license and several branches came with the purchase, which was approved by the central bank and the Securities and Exchange Commission on Dec. 9, 2010 and May 25, 2011, respectively.
financial instruments that investors can choose from. The SEC defines an ETF as an “open-end investment company that continuously issues and redeems its shares of stock in creation unit in exchange for basket of securities and representing an index whose performance the ETF endeavors to track.”
Aside from FMIC, two of t he countr y’s biggest lenders - BDO Unibank Inc and Bank of the Philippine Islands - are keen on issuing ETFs. The PSE is working with the SEC on new investment products to lure investors in the market and help boost volumes in one of Asia’s smallest equity markets.
BSP agents have been working closely with the police, National Bureau of Investigation, Department of Justice and the Office of
the Solicitor-General in the campaign against fake peso notes. The BSP has been distributing posters and other reading materials on the new generation currency and its security features, Ms. Yunzal said. “We will continue to conduct massive information drive to educate our people on how to recognize genuine banknotes from counterfeits,” she said. The old banknotes will remain in circulation to give enough time for the public to make the full transition to the new generation bills. The new bills are hard to copy because of its security features.
Trading gains boost Robinsons Bank income
Metrobank investment banking arm to set up Philippines’ first ETF
BSP warns vs counterfeit bills THE Bangko Sentral ng Pilipinas’ (BSP) local unit has warned that fake bills are in circulation as the holidays nears. Rosemarie C. Yunzal, BSP Tacloban branch administrative division chief, said they have been recovering two to three fake bills daily. “ T h i s c o u nt e r f e i t money comes from bank deposits. For us, t his is alarming. That only means that somebody is distributing fake bills in the region,” Ms. Yunzal said. The BSP is still consolidating monthly reports of seized counterfeit peso bills.
Friday-Saturday Dec. 7-8, 2012
Ms. Yunzal noted that even some bank tellers have failed to detect the fake banknotes, mostly P1,000 and P500 in denomination.